##
##
|Trustees'
and directors'
report (including|Trustees'
and directors'
report (including|strategic report)||||||
|---|---|---|---|---|---|---|---|
|Statement oftrustees'
responsibilities|in|respect ofthe strategic report, the trustees'||||report and the consolidated||
|financial statements|||||||12|
|Independent
auditor's
report to the members ofSheffield|||City Trust||||13|
|Consolidated
statement offinancial|activities (incorporating|||income &expenditure||account)|16|
|Company
statement offinancial activities||(incorporating|income &expenditure||account)||17|
|Consolidated
balance sheet|||||||18|
|Company
balance sheet|||||||19|
|Consolidated
cash flow statement|||||||20|
|Consolidated
analysis ofnet debt|||||||21|
|Notes to the financial
statements|||||||22|
##
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##
|HG emissions and energy use data for|pe|riod 1-|A|pril-2|022|to 31|-March-2023||
|---|---|---|---|---|---|---|---|---|
||||||||Reporting Year|Reporting Year|
||||||||2021-2022|2022-2023|
||||||||UK GHG Emission and|UK GHG Emission and|
||||||||Ener
Data|Ener
Data|
|Energy
consumption
used
to calculate
mandatory
energy sources are included.||emissions||(kWh],||all|45,432,606|50,791,906.2|
|Scope 1:Emissions from the combustion|of|Natural|Gas tCOze||||1,935.0|1,943.8|
|Scope 1:Emissions
from combustion
of Fuel for
heating (Tinsley) tCOze|||transport|||and|32.2|116.5|
|Scope 3: Emissions
from
business
travel||in employee|||owned||||
|vehicles,
where
the
company
repaid|mileage||claims||tCOze||4.8|7.7|
|(average vehicle / fuel source unknown)|||||||||
|Scope 2:Emissions from purchased
Electricity tCOze|||||||3,454.1|3,542.6|
|Scope 2: Emissions
from purchased
Heat
Heating tCOze||/ Steam||from|District||1,775.6|2,152.9|
|Total gross COze based on above (tCOze)|||||||7,200.1|7,763.1|
|intensity
Ratio: kg Coze gross based on|mandatory|||fields|above||||
|per metre square ofGross Internal Area:|||||||53.0 kg COze in z|51.8hg COze m.z|
|(kg COze m.z)|||||||||
##
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##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|For the year ended 3|1|Marc|h 2023||||||
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Total|Total|
||||||funds|Funds—|funds|funds|
|||||||charitable|||
|||||||activities|||
|||||Note|2023|2023|2023|2022|
||||||$000|$000|%000|OOOO|
|Incoming
resou rces|||||||||
|Income from charitable|activities||||29319||29,319|20,235|
|Investment
income|||||103||103|9|
|Income
from
donations||and|legacies - Cn'ants||212||212|1,321|
|receivable|||||||||
|Income from donations|and legacies - Sheffield||||9,668|2,244|11,912|II,512|
|City Council|||||||||
|Total incoming
resources|||||39&302|2,244|41,546|33,077|
|Resources expended|||||||||
|Expenditure
on raising|funds||||(20,41$)|(1,688)|(22,106)|(14,847)|
|Expenditure
on charitable||activities —general|||(14,881)|(2,061)|(16,942)|(17,I08)|
|Expenditure
on charitable||activities - pension||||||12,957|
|Total resources expended||||3|(35,299)|(3,'749)|(39,04$)|(18,998)|
|Net incoming/(outgoing)||resources before tax||6|4,003|(1&505)|2,498|14,079|
|Taxation||||9|35||35|396|
|Net incoming/(outgoing)
other recognised
gains|resources before
and losses||||4,03$|(1,505)|2,533|14,475|
|Transfer between
funds|||||(9)||||
|Actuarial
gain recognised||in the pension||22||||3,677|
|scheme|||||||||
|Net profit/(loss)
in the|year||||4,029|(1,496)|2,533|18,152|
|Fund balances bmught|forward||||(2,012)|32342|30330|12,I78|
|Fund balances carried|forward|||4/5|2,017|30,846|32,863|30,330|
##
|||||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||||funds|funds—|funds|funds|
||||||||charitable|||
||||||||activities|||
||||||Note|2023|2023|2023|2022|
|||||||8000|8000|8000|5000|
|Incoming
resources||||||||||
|Income from charitable|activities|||||10&500||10,500|8,474|
|Investment
income||||||102||102|9|
|Income from donations|and legacies||—Grants receivable|||7||7|692|
|income from donations|and legacies||—Sheffield City|||||||
|Council||||||9,668|1,918|11,586|9,113|
|Total incoming
resources||||||20,277|1,918|22,195|18,288|
|Resources expended||||||||||
|Expenditure
on charitable||activities —general||||(16,942)|(2,061)|(19,003)|(17,360)|
|Expenditure
on charitable||activities - pension|||||||12,957|
|Total resources expended||||||(16,942)|(2,061)|(19,003)|(4,403)|
|Net incoming/(outgoing)||resources|before tax|||3335|(143)|3,192|13,885|
|Tax||||||||||
|Net incoming/(outgoing)||resources|before other|||||||
|recognised
gains and losses||||||3,335|(143)|3,192|I3,885|
|Transfer between
funds||||||(9)||||
|Actuarial
gain recognised||in the pension||scheme|22||||3,677|
|Net profit/(loss)
in the|year|||||3,326|(134)|3,192|17,562|
|Fund balances bmught|forward|||||(2,242)|11,174|8,932|(8,630)|
|Fund balances carried|forward||||4/5|1,084|11,040|12,124|8,932|
##
|s at31March 202|3|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||Nore||2023||2022|
|||||||||5000|5000|f000|5000|
|Fixed assets||||||||||||
|Intangible
Assets|||||||ll|17||26||
|Tangible fixed assets|||||||12|149+37||151,986||
|Negative goodwill|||||||lo|(6,368)||(6,573)||
||||||||||142,986||145,439|
|Current
assets||||||||||||
|Stocks|||||||l4|233||216||
|Debtors
(including|debtors|due|after|one|year|of|l5|35,166||34,356||
|132,490,000 (2022i f32.490,000))||||||||||||
|Cash at bank and in hand||||||||6,013||2,968||
|Cash at bank and in hand —third party ticket monies||||||||9,036||5,000||
|||||||||50,448||42,540||
|Creditors:
amounts|falling|due within one year||||||(34,016)||(29,922)||
|Net current
assets|||||||||16,432||12,618|
|Total assets less current liabilities|||||||||159,418||158,057|
|Credito rai amounts|falling due after more|||than||||||||
|one year
Provisions for liabilities|||||||18
l9||(126,440)
(115)||(127,727)|
|Net assets|||||||||32,863||30,330|
|Fund balances||||||||||||
|Unrestricted
reserves||||||||||||
|Designated
reserve|||||||||377||505|
|General reserve|||||||||1,640||(2,517)|
|Net unrestricted
funds|||||||||2,017||(2,012)|
|Restricted funds|||||||||30,846||32,342|
|Total funds|||||||||32,863||30,330|
##
||||Note||2023||2022|
|---|---|---|---|---|---|---|---|
|||||8000|8000|f000|f000|
|Fixed assets||||||||
|Investments|||13|||||
|Intangible
assets|||1/|17||26||
|Tangible fixed assets|||12|124,597||125,282||
||||||124,614||125,308|
|Current assets||||||||
|Stock|||/4|||||
|Debtors (including
f32,490.000(2022|debtors due atter one year of
—632A90,000/)||15|36,454||33,376||
|Cash at bank and in|hand||16|3,000||1,474||
|||||39&454||34,850||
|Creditors:
amounts||falling due within one year||(25489)||(23,499)||
|Net current assets|||||14,065||11,351|
|Total assets less current liabilities|||||138,679||136,659|
|Creditors: amounts||falling due atter more than||||||
|one year|||/8||(126,440)||(127,727)|
|Provision for liabilities|||/9||(115)|||
|Net assets|||||12,124||8,932|
|Fund balances||||||||
|Unrestricted
reserves||||||||
|Designated
reserve|||||377||505|
|General reserve|||||707||(2,747)|
|Net unrestricted
funds|||||1,084||(2,242)|
|Restricted funds|||||11,040||Il, 174|
|Total funds|||||12,124||8,932|
|Consolidated
cash flow statement|Consolidated
cash flow statement|Consolidated
cash flow statement||||
|---|---|---|---|---|---|
|Foryear ended 3IMarch 2023||||||
||||Note|2023|2022|
|||||0000|6000|
|Cash flows from operating
activities||||||
|Net incoming resources before other recognised||gains or losses||2,533|14,475|
|Adjustments for:||||||
|Depreciation
and amortisation|||IO/I I/I2|4,498|3,603|
|Interest receivable
and similar income||||(103)|(9)|
|Interest payable and similar charges||||2,047|3,338|
|Pension receipts in excess ofcash contributions|||||(12,600)|
|Tax|||||(396)|
|Profit on disposal||||(5)|(539)|
|Provision for dilapidations||||115||
|||||9,085|7,872|
|(Increase)/decrease
in trade and other debtors|||/5|(845)|1,252|
|Increase in stocks|||/4|(17)|(93)|
|Increase in trade and other creditors|||/7|3,099|414|
|||||11322|9,445|
|Tax receivtxI||||35|43|
|Net cash from operating
activities||||11,357|9,488|
|Cash flows from investing
activities||||||
|Acquisition oftangible tixed assets|||I2|(2,045)|(3,619)|
|Proceeds from disposal oftangible|fixed assets|||5|1,009|
|Interest received||||103|9|
|Net cash from investing
activities||||(1,937)|(2,601)|
|Cash flows from financing
activities||||||
|Proceeds from new loan||||16,559|15,910|
|Interest paid
Repayment ofborrowings||||(2,043)
(16,791)|(2,991)
(15,721)|
|Payment offinance lease liabilities||||(64)|(264)|
|Net cash from tinancing
activities||||(2339)|(3,066)|
|Net increase in cash and cash equivalents||||7,081|3,821|
|Cash and cash equivalents
brought|forward|||7,968|4,147|
|Cash and cash equivalents
carried forward||||15,049|7,968|
##
|oryear ended 31March 202|3||||||
|---|---|---|---|---|---|---|
||At|1 April|Cashflows|New finance|Non-cash|At 31March|
|||2022||leases|movements|2023|
|||fOOO|OOOO|f000|OOOO|%000|
|Cash at bank and in hand||7,968|7,081|||15,049|
|Bank loans||(491)|232|||(259)|
|Other loans||(35 13)||||(3,513)|
|Finance Leases||(3141|304|(240)||(250)|
|Bond||(34,159)|16,559||(4)|(17,604)|
|Sheffield City Council|(106,258)||(16,559)|||(122,817)|
||(136,767)||7,617|(240)|(4)|(129/94)|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||||2023|2022|
|---|---|---|---|---|---|---|
||||||5000|8000|
|Tulilover|||||18,818|11,762|
|Other operating
income|||||846|2,325|
|Raw materials
and consumables|||||(2,612)|(1,486)|
|Staff costs|||||(5,051)|(3,527)|
|Depreciation|||||(1,354)|(1,208)|
|Other operating
charges|||||(9,869)|(9,299)|
|Operating|profit/(loss)||||778|(1,433)|
|Net interest|payable||||(14)|(2)|
|Profit/(loss)|on ordinary||activities before taxatlon||764|(1,435)|
|Tax on profit/(loss)
on||ordinary||activities||395|
|Profit/(loss)|retained|in|the subsidiary||764|(1.0401|
|The directors reviewed
the funding|arrangements|arrangements|for Sheffield International|for Sheffield International|for Sheffield International|Venues Limited and its|budgets for|
|---|---|---|---|---|---|---|---|
|the coming
year and believe that|due to the significant|||increase|in energy|costs, it will not make a positive||
|contribution
to the financial
affairs|ofthe charity||in 2023/24. The||directors|will keep this position|under close|
|review and take appropriate
action|to mitigate against future losses.|||||||
|||||||2023|2022|
|The assets and liabilities ofthe subsidiary||were.||||8000|f000|
|Tangible fixed assets||||||2,290|3,392|
|Current assets||||||13,511|8,716|
|Creditors:
amounts
falling due within|one year|||||(14443)|(10,805)|
|Creditors: amounts
falling due after more||than one year||||(694)|(1,303)|
|Net assets||||||764||
|Statement ofother comprehensive
income||||||||
|||||||2023|2022|
|||||||8000|5000|
|Profit/(loss)
for the financial period||||||764|(1,040)|
|Total comprehensive
income/(expense)||for the financial year||||764|(l„040)|
##
|7 Hills Leisure Trust||||
|---|---|---|---|
||Unrestricted|||
||funds-|Total|Total|
||General|funds|funds|
||2023|2023|2022|
||f000|f000|f000|
|Resources expended||||
|Expenditure
on charitable activities|||(414)|
|Total resources expended|||(414)|
|Net outgoing resources before other||||
|recognised
gains and losses|||(414)|
|Net movements
in the year|||(414)|
|Fund balances at 1 April 2022|||414|
|Fund balances carried forward||||
||||2023|2022|
|---|---|---|---|---|
|The assets and liabilities ofthe subsidiary||were;|f000|f000|
|Current assets|||||
|Creditors: amounts|falling due within one|year|||
|Net assets|||||
##
##
||||2023|2022|
|---|---|---|---|---|
||||f.000|f000|
|Income|||||
|Lottery grant released|||433|433|
|Yorkshire Forward|grant|released|14|14|
|Lifecycle fund|||424|53|
|Grant income|||71|71|
|Other income|||92|91|
|Total income|||1,034|662|
|Expenditure|||||
|Building Maintenance|||(372)||
|Depreciation|||(658)|(658)|
|Operating
profit|||||
|Profit on ordinary|activities before tax||4||
|Tax on profit on ordinary||activities|35||
|Profit retained
in|the subsidiary||39||
|||||2023|2022|
|---|---|---|---|---|---|
|The assets and liabilities|ofthe subsidiary||were:|5000|8000|
|Tangible fixed assets||||16,083|16,741|
|Current assets||||2466|2,611|
|Deferred income: amounts||falling due within one year||(571)|(571)|
|Deferred income: amounts||falling due after more than one year||(17,940)|(18,882)|
|ftet liabilities||||(62)|(101)|
##
|||||2023|2022|
|---|---|---|---|---|---|
|||||f000|f000|
|Other operating|income||||65|
|Staffcosts|||||241|
|Other operating|charges||||(67)|
|Operating
protit|||||239|
|Other income|||||1,502|
|Profit on ordinary||activities before taxation|||1,741|
|Tax on profit on|ordinary||activities|||
|Profit retained|in|the subsidiary|||1,741|
||||2023|2022|
|---|---|---|---|---|
||||f000|f000|
|Profit|for the financial|year||1,741|
|Total|comprehensive|income for the financial year||1,741|
##
##
|||||||||||Group||Company||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Unrestricted|funds||||||||2023||2022|2023|2022|
||||||||||8000||f000|L000|f000|
|Expenditure|on|raising funds||||||||||||
|Ground
rent|||||||||15||40|||
|Other finance costs —including||||||pension|||||I|||
|Overheads|including
staff'||||costs,||depreciation|and||||||
|finance lease interest|||||||||20,403||13,182|||
||||||||||20,418||13,223|||
|Expendi turc|on|charitable||activities|||- General|||||||
|Ground
rent|||||||||115||115|115|115|
|Interest on loans|||||||||137||92|137|92|
|Interest payable||on bonds|||||||1,885||2,873|1,885|2,873|
|Other finance costs —including||||||pension|||||342||342|
|Overheads|including
staff||||costs.||depreciation|and||||||
|finance lease interest|||||||||12,744||13,021|14,805|13,273|
||||||||||14,881||16,443|16,942|16,695|
|Expenditure|on|charitable||activities|||- Pension|||||||
|Pension scheme||settlement|||||||||(12,957)||(12,957)|
||||||||||||(12,957)||(12,957)|
|Total unrestricted|||resources|||expended|||35,299||16,709|16,942|3,738|
|Restricted funds||||||||||||||
|Expettdi etre|on|raisi|ng funds|||||||||||
|Overheads|||||||||656||440|||
|Depreciation|||||||||1,032||1,184|||
||||||||||1,6S8||1,624|||
|Expendttu re|on|char|nable|acti||vi ties||||||||
|Overheads|||||||||649||38|649|38|
|Depreciation|||||||||1,412||627|1,412|627|
||||||||||2,061||665|2,061|665|
|Total restricted||resources||expended|||||3,749||2,289|2,061|665|
##
|4|Unrestricted
funds||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||The breakdown
ofthe unrestricted|funds between|designated|and general|funds is as|follows:|||||
|||||||At 31||||At 31|
|||At 31||||March|||Transfer|March|
|||March||||2022|||between|2023|
|||2021
5000|Income
fOOO|||year
f000|Income
8000|Utilised
8000|reserves
8000|year
8000|
||Group||||||||||
||Designated funds||||||||||
||Direct support ofother charitable|505|95|(109)||491|100|(214)||377|
||activities
in Sheffield||||||||||
||Health
fund|||(2)||||(5)|||
||Other designated
reserves||78|(69)|||||(9)||
||Gemraifuiids||||||||||
||Retained (deficit)/surplus|(3,087)|28.961|(28,391)||(2,517)|39302|(35.045)||1,640|
||Pension reserve|(15,935)||12,258|3,677||||||
|||(18.510)|29.134|(16.313)|3,677|(2,012)|39802|(35,264)|(9)|2,017|
||Company||||||||||
||Designated funds||||||||||
||Direct support ofother charitable
activities in Sheffield|505|95|(109)||491|100|(214)||377|
||Health
fund|||(2)||||(5)|||
||Other designated
reserves||78|(69)|||||(9)||
||Genera(funds||||||||||
||Retained (deficit)/surplus|(3,137)|16206|(15,816)||(2.747)|20,177|(16,723)||707|
||Pension reserve|(15,935)||12,258|3.677||||||
|||(18,560)|16,379|(3,738)|3,677|(2,242)|20277|(16,942)|(9)|1,084|
|Restricted funds|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||At 31|Incoming|Utilised|At 31|Incoming|Utilised|Transfer|At 31|
||||March|Rmowces||March|Resources||between|March|
||||2021|||2022|||reserves|2023|
||||6000|5000|6000|5000|$000|8000||$000|
|Group|||||||||||
|iceShetfield capital grant|||5,945||(185)|5,760||(185)||5,575|
|Shefiield City Hall renovation||grant|3,177||(92)|3.085||(92)||2,993|
|EISSgrant|||18.664||(500)|18.164||(871)||17,293|
|NCSEM at Concord Sports Centre|||319||(80)|239||(80)||159|
|Essential maintenance|giant||1.3$1|3,943|(1,388)|3,936|2,124|(2/89)||3.671|
|EISSSport hall grant|||1,182||(39)|1,143||(39)||1.104|
|Other grants|||20||(5)|15|120|(93)||51|
||||30,688|3.943|(2289)|32,342|2,244|(3,749)|9|30,$46|
|Company|||||||||||
|IceSheffie)d capital grant|||5,945||(185)|5.760||(185)||5 v)75|
|Shelfield City Hall renovation||giant|3,177||(92)|3.085||(92)||2,993|
|NCSEM at Concnrd Sports Centre|||319||(80)|239||(80)||159|
|Essential mamtenance|grant||444|1,909|(305)|2,048|1,798|(1,612)||2,234|
|EJSSSports hall grunt|||45||(3)|42||(3)||39|
|Other grants|||||||120|($9)|9|40|
||||9,930|1,909|(665)|11,174|1,918|(2,061)|9|11,040|
##
##
##
##
##
##
|ategory, w|as a|s follows:||||||
|---|---|---|---|---|---|---|---|
|||||Group||Company||
||||2023||2022|2023|2022|
||||Number||Number|Number|Number|
|Leisure|||394||304|394|304|
|Operations|and|maintenance|159||125|159|125|
|Administration|||131||121|131|121|
|Catering|||281||157|281|157|
||||965||707|965|707|
|||Group|||Company|
|---|---|---|---|---|---|
||2023||2022|2023|2022|
||8000||f000|8000|8000|
|Wages and salaries|12,200||9,814|12,200|9,814|
|Social security costs|846||652|846|660|
|Other pension costs|643||(12,300)|643|(12,0001|
|Redundancy
costs|27||12|27|I|
||13,716||(1,822)|13,716|(1,525)|
|he number of employees
in the group whose
ollows;|emoluments
amounted
to over f60,000 in t|he year was as|
|---|---|---|
|f60,001 —670,000|2023|2022
4|
|f70,001 - 880,000||I|
|680,001 - f90,000|||
|8110,001 —6120,000|||
##
|Note|s to the financial statements
(continuedj||||
|---|---|---|---|---|
|9|Tax||||
||Analysis
of charge iri year||Group||
|||2023||2022|
|||5000||f000|
||Current tax||||
||Adjustments
in respect ofprior periods|(35)|||
||Total current tax charge for the year|(35)|||
||Deferred tax||||
||Origination
and reversal oftiming differences|||(396)|
||Total tax credit for the year|(35)||(396)|
|United Kingdom,
explained below;|which, for the period ended 31 March 2|023, was 19%(2022t 19%2 The d|ifferences
are|
|---|---|---|---|
|||2023|2022|
|||5000|fOOO|
|Net incoming resources before tax||2,498|14,079|
|Current tax at 19%(2022i l9%1||475|2,675|
|Non deductible
and|non taxable items|(455)|(3,032)|
|Adjustments
relating|to prior periods|(35)|(396)|
|Losses util ised||(247)||
|Depmciation
in excess ofcapital allowances||227|199|
|Tax iossm|||158|
|Total tax credit for|the year|(35)|(396)|
##
|egative goodwill||
|---|---|
||0000|
|Cost||
|At beginning
and end ofyear|(8,7411|
|Impairment
lesseslamertisatien||
|At beginning ofyear|2,168|
|Charge for year|205|
|At end ofyear|2,373|
|Carrying
amount||
|At end ofyear|(6,368)|
|At beginning ofyear|(6,573)|
|Intangible
Group|assets - software||
|---|---|---|
|||Total|
|||0000|
|Cost|||
|At beginning|ofyear|47|
|At end ofyear||47|
|Amerlisarien|||
|At beginning|ofyear|21|
|Charge for year||9|
|At end ofyear||30|
|Closing net|beak amount||
|At end ofyear||17|
|At beginning|ofyear|26|
##
|11|Intangible|assets —software|(continued)|||||
|---|---|---|---|---|---|---|---|
||Company|||||||
||||||||Total|
||||||||OOOO|
||Cost|||||||
||At beginning|ofyear|||||45|
||At end ofyear||||||45|
||Autorr(sation|||||||
||At beginning|ofyear|||||19|
||Charge for year|||||||
||At end ofyear|||||||
||Closing net book amoant|||||||
||At end ofyear||||||17|
||At beginning|ofyear|||||26|
|12|Tangible fixed assets|||||||
||Group|||Leasehold|Fixtures,|Assets||
|||||land and|fittings and|under||
|||||buildings
%000|equipment
f000|construction
5000|Total
KOOO|
||Cost|||||||
||At beginning|ofyear||173,740|27,079|342|201,161|
||Additions||||304|1,741|2,045|
||DisposaLs||||(57)||(57)|
||Transfers||||1,408|(1,408)||
||At end ofyear|||173,740|28,734|675|203,149|
||Depreciation|||||||
||At beginning|ofyear||31,296|17,879||49,175|
||Charge for year|||1.140|3,554||4,694|
||Disposals||||(57)||(57)|
||At end ofyear|||32,436|21,376||53,812|
||Net book rulue|||||||
||At end ofyear|||141,304|7&358|675|149337|
||At beginning|ofyear||142,444|9,200|342|151,986|
##
##
|Company|Leasehold|Fixtures,|||
|---|---|---|---|---|
||land and|fittings and|Assets Under||
||buildings|equipment|Construction|Total|
||5000|g000|OOOO|%000|
|Cost|||||
|At beginning ofyear|141,439|10,322|319|152,080|
|Additions||279|1,766|2,045|
|Disposals||(5)||(5)|
|Transfers||1,155|(1,155)||
|Cn'oup Transfers|||(253)|(253)|
|At end ofyear|141,439|11,751|677|153,867|
|Depreciation|||||
|At beginning ofyear|20,986|5,812||26,798|
|Charge for year|449|2,028||2,477|
|Disposals||(5)||(5)|
|At end ofyear|21,435|7,835||29,270|
|Net book value|||||
|At end ofyear|120,004|3,916|677|124,597|
|At beginning ofyear|120,453|4,510|319|125,282|
|he following
are included
in the total ne
nance leases.|t book value oftangible fixed assets in
respect|ofassets held under|
|---|---|---|
||Group|Company|
||Fixtures,|Fixtures,|
||fittings and|tittings and|
||equipment|equipment|
||8000|8000|
|2023|||
|Net hook value|355|355|
|Depreciation|i83|183|
|2022|||
|Net book value|806|806|
|Depreciation|224|224|
##
##
##
|On 31 March|2015|the charity forgave,|the charity forgave,|the charity forgave,|by way ofa capital contribution,|by way ofa capital contribution,|monies|owed|by its subsidiary|by its subsidiary|
|---|---|---|---|---|---|---|---|---|---|---|
|Sheffield International||Venues Limited. This capital contribution
gave||||rise to the capitalisation ofthe historic|||||
|inter-company|debtor ofK7,578,000.|||The investment
is reviewed
for||impairment||annually,
by considering|||
|the net present|value|offuture cash flows ofSheffield International
Venues|||||Limited over aperiod to March||||
|2024. The investment||was fully impaired|||in 2019. This isreassessed
annually,
and|||the previous||impairment|
|is still deemed|appropriate.||||||||||
|On I April 2019,all staffofSheffield||||International
Venues Limited were transferred||||under|the|provisions of|
|TUPE to Sheffield City Trust. At the||||same time, the assets and liabilities|||ofthe South Yorkshire
Pension||||
|Authority
scheme were also|||transferred||and as a result of this, Sheffield||City Trust took on the historic||||
|pension
liability
by||way of|a capital|contribution.
The investment||was|fully impaired||in 2020. This is||
|reassessed
annually,||and the|previous|impairment
is still deemed appropriate.|||||||
|The charity holds investments|||off100|relating to shares held in subsidiaries.|||||||
|The entities in|which|the charity holds||beneficial interests are as follows:|||||||
||||||Principal||Country|of||Percentage|
||||||activity||registration|||ofordinary|
|||||||||||shares held|
|Subsidiary
undertakings|||||||||||
|SheBicld International||Vennes|Limited||Management
ofsporting
and||England|and||100|
||||||entertainment
facilities and||Wales||||
||||||provision ofcatering and||||||
||||||conferencing
services||||||
|7 Hills Leisure|Trust||||Management
ofsporting
and||England|and|||
||||||recreational
facilities||Wales||||
|7 Hills Commercial
Limited|||||Provision ofcatering services||England|and||100ss|
||||||||Wales||||
|Phoenix Sports|Limited||||Operation
and strategic||England|and|||
||||||direction ofEnglish Institute of||Wales||||
||||||Sport- Sheflield (EISS)||||||
|SIV Enterprises|Limited||||Management
ofsporting snd||England|and||Ippsss|
||||||rtxseational
facilities. acatering||Wslm||||
||||||facility and the provision of||||||
||||||consultancy
services||||||
##
##
##
##
|tocks||||||||
|---|---|---|---|---|---|---|---|
|||||Group||Company||
||||2023||2022|2023|2022|
||||5000||5000|8000|5000|
|Goods forresale|||233||216|||
|ebtors||||||||
|||||Group|||Company|
||||2023||2022|2023|2022|
||||%000||f000|8000|OOOO|
|Trade debtors|||883||434|566|251|
|Other debtors|||957||497|3||
|Prqiayments||and acnued income|33,326||33,390|33&155|33,125|
|Amounts|owed by gmup undertakings|||||2,730||
|Corporation||tax|||35|||
||||35,166||34,356|36,454|33,376|
##
##
##
##
##
|reditors:|amounts
falling due after mor|e than one year|||||
|---|---|---|---|---|---|---|
||||Group|||Company|
|||2023||2022|2023|2022|
|||8000||6000|8000|6000|
|Bank loans||59||259|59|259|
|Other loans||3,513||3,513|3&513|3,513|
|Obligations|under finance leases|51||97|51|97|
|Bonds||||17,600||17,600|
|Shetfreld City Council||122&817||I06,258|122,817|106,258|
|||126,440||127,727|126,440|127,727|
##
##
##
##
|he maturity ofthe bank and other loans i|s due as follows:|||||
|---|---|---|---|---|---|
|||Group|||Company|
||2023||2022|2023|2022|
||f000||f000|f000|6000|
|Within one year|200||232|200|232|
|In the second to fifth years|3,572||3,772|3,572|3,772|
||3772||4,004|3772|4,004|
|e bonds are stated net ofunamortised
issue cost
f795,000.|s off873,000 an|d gross|ofthe unam|ortised
issue prem|ium|
|---|---|---|---|---|---|
|The maturities ofthe bonds are as follows:|2023|Group|2022|Company
2023|2022|
||f000||f000|fOOO|f000|
|Within one year|17,604||16,559|17,604|16,559|
|In the second io fifth years|||17,600||17,600|
||17,604||34,159|17,604|34,159|
|The maturities|of obligations|under|the leases are as||Group|||Company||
|---|---|---|---|---|---|---|---|---|---|
|follows:||||||||||
|||||2023||2022|2023||2022|
|||||i,000||f.000|f000||f000|
|Within one year||||199||217|199||217|
|In the second to|fiflh years|||51||97|51||97|
|||||250||314|250||314|
##
##
##
##
|||Accelerated tax|Other timing|2023|2022|
|---|---|---|---|---|---|
|||depreciation
f000|differences
f000|Total
%000|Total
f000|
|At I April|2021|396|(847)|(451)|137|
|Movement|in year|(259)|(314)|(573)|(588)|
|At 31 March 2022 & I April 2022||137|(1,161)|(1,024)|(451)|
|Movement|in year|(105)|822|717|(573)|
|At 31March 2023||32|(339)|(307)|(1,024)|
|Recognised||||||
|Unrecognised||32|(339)|(307)|(1,024)|
|||32|(339)|(307)|(1,024)|
##
|Analysis ofgroup|net|assets|betwee|n funds||||||
|---|---|---|---|---|---|---|---|---|---|
||||||2023|||2022||
|||||Unrestricted|||Unrestricted|||
|||||(designated|||(designated|||
|||||and|Restricted|Total|and|Rmtricted|Total|
|||||general)|||general)|||
|||||f000|8000|8000|f000|f000|6000|
|Tangible fixed assets||||118,491|30,846|149337|119,644|32,342|151,986|
|Intangible
Assets||||17||17|26||26|
|Net current assetc||||16,432||16,432|12,618||12,618|
|Liabilities
falling|duc|after|more|(126,440)||(126,440)|(127,727)||(127,727)|
|than one year||||||||||
|Provision for liabilities||and charges||(115)||(115)||||
|Negative goodwill||||(6,368)||(6,368)|(6,573)||(6,573)|
|Net assets as at 31|March 2023|||2,017|30,846|32,863|(2,012)|32,342|30,330|
##
##
|nnual
co|mmitments
under non-cancellable|operating
lease|s are as f|ollows:|||
|---|---|---|---|---|---|---|
||||Group||Company||
|||2023|||2023|2022|
|||ROOO|||fOOO|8000|
|Operating|leases which expire:||||||
|Within|one year|119||173|119|173|
|In the|second to fifth years inclusive|272||326|272|326|
|More|than five years|428||493|428|493|
|||819||992|819|992|
##
##
##
##
|Moveme|nts i|n present value ofdefined benefit obligati|on||
|---|---|---|---|---|
||||2023|2022|
||||Total|Total|
||||OOOO|8000|
|At beginning||ofyear||64,505|
|Current|service cost|||79I|
|Interest|cost|||1,365|
|Contributions||by matchers||133|
|Benefits|paid|||(248)|
|Settlements||||(66,546)|
|At end|ofyear||||
##
|Movements
in|fa|ir v|alue ofplan assets|||
|---|---|---|---|---|---|
|||||2023|2022|
|||||8000|8000|
|At beginning|of|year|||48,570|
|Expected return||on plan assets|||1,023|
|Actuarial
gains|||||3,677|
|Contributions|by employer||||434|
|Contributions|by members||||133|
|Benefits paid|||||(248)|
|Settlements|||||(53,589)|
|At end ofyear||||||
|Expense recognisedin|||the statement offinancial acti vities|||
||2023|2022|
|---|---|---|
||ROOO|6000|
|Current service cost||79)|
|Liabilities
extinguished
on settlement||(66,546)|
|Assets distributed
on settlement||53.589|
|Interest on detiucd benefit pension plan obligation||1,365|
|Expected return
on defined benefit pension plan assets||(1,023)|
|Total||(11,824)|
||2023|2022|
|---|---|---|
||OOOO|5000|
|Statycosts||(12.166)|
|Other tinance (incomeycosts||342|
|Total||(I 1,824)|
##
|he fair value|ofthe plan assets and the return on those assets w|ere as follows:||
|---|---|---|---|
|||2023|2022|
|||f000|f000|
|Equities||||
|Government|debt|||
|Corporate bonds||||
|Property||||
|Other||||
|Total||||
|Actual return on plan assets|||4,700|
|South Yorkshire pension scheme|2023|2022|
|---|---|---|
|Discountrate||2.7|
|Expected rate ofrerum on plan assets||2.7|
|Rate ofincrease in salaries||4.2|
|Rate ofinflation||3.7|
|Rate ofincrease in pensions||3.2|
##
##
|Balance sheet|Balance sheet|Balance sheet||||||||
|---|---|---|---|---|---|---|---|---|---|
|South Yorkshire pension|||scheme|2023|2022|2021|2020|2019|2018|
|||||%000|f000|f000|f000|f000|f000|
|Present value ofscheme liabilities||||||(64,464)|(53,737)|(56,576)|(51,700)|
|Fair value|ofscheme assets|||||48,570|40.688|43,435|41,748|
|Present value ofunfunded|||defined|||||||
|benefit obligations||||||(41)|(40)|(54)|(55)|
|Deficit||||||(15,935)|(13,089)|(13,195)|(10,007)|
|Experience|adjustments|||||||||
|||||2023|2022|2021|2020|2019|2018|
|Experience|losses/(gains)|on scheme||||||||
|liabilities|as a percentage|ofscheme||||||||
|liabilities||||||14.1|(8.4)|6.1|(7.1)|
|Experience|gains/(losses)|on scheme||||||||
|assets as|a percentage ofscheme assets|||||14.2|(8.7)|3.0|1.5|
##
##
##
##
##
##
|ovements
in|present
value ofdefined benefit obligat|ion||
|---|---|---|---|
|||2023|2022|
|||8000|f000|
|At beginning|ofyear||64,505|
|Current service cost|||791|
|Interest cost|||1,365|
|Contributions|by members||133|
|Benefits paid|||(248)|
|Settlements|||(66,546)|
|At end ofyear||||
|ovements in|fa|ir value ofplan assets|||
|---|---|---|---|---|
||||2023|2022|
||||f000|f000|
|At beginning|of|year||48.570|
|Expected return||on plan assets||1,023|
|Actuarial
gains||||3,677|
|Contributions|by employer|||434|
|Contributions|by members|||133|
|Benefits paid||||(248)|
|Settlements||||(53,589)|
|At end ofyear|||||
##
|Note|s to the financial statement|s
(continued)|||
|---|---|---|---|---|
|22|Pension schemes (continued)||||
||Expense recognised
in the statement offinancial activities||||
||||2023|2022|
||||f000|8000|
||Current service cost|||791|
||Liabilities
extinguished
on settlement|||(66,546)|
||Assets distributed
om settlement|||53.589|
||Interest on defined benefit pension|plan obligation||1,365|
||Expected return
on detined benefit|pension plan assets||(1,023)|
||Total|||(11,824)|
||||2023|2022|
|---|---|---|---|---|
||||SOOO|f000|
|Staff|costs|||(12,166)|
|Other|finance|income||342|
|Total||||(11,824)|
|he fair va|lue|ofthe plan assets and the return on tho|se assets were as follows:||
|---|---|---|---|---|
||||2023|2022|
||||Fair value|Fair value|
||||f000|EOOO|
|Equities|||||
|Government|debt||||
|Corporate|bonds||||
|Property|||||
|Other|||||
|Total|||||
|Actual return||on plan assets||4,700|
##
##
##
##
##
##
##
##