SOAR COMMUNITY

Charity Number: 1112008
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

Promote, for the public benefit, urban regeneration in the North of Sheffield. Ensure that local people lead the regeneration process and engage them in the decisions that affect the quality of their lives. Support local organisations and help them to become more business like and more sustainable. Become sustainable and create wealth that can be used in the area.

Income and expenditure

Data for financial year ending 31 March 2024

Total income:
£2,362,739

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Donations and legacies £0
Charitable activities £1.57m
Other trading activities £34.56k
Investments £402.77k
Other £355.04k

Total expenditure:
£1,993,677

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Raising funds £10.30k
Charitable activities £1.98m
Other £0

£0 investments gains (losses)

Total income includes £71,959 from 2 government contract(s) and £1,067,663 from 8 government grant(s)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

Text alternative for this canvas graphic is in the data table below.
Raising funds and other expenditure £10.30k
Charitable expenditure £1.98m
Retained for future use £369.06k

People

42 Employee(s)

16 Trustee(s)

21 Volunteer(s)

Employees with total benefits over £60,000

No employees have total benefits over £60k for this charity

Fundraising

No information available

Trading

One or more trustees are also directors of the subsidiaries

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

What the charity does:
  • General Charitable Purposes
  • Education/training
  • The Advancement Of Health Or Saving Of Lives
  • The Prevention Or Relief Of Poverty
  • Accommodation/housing
  • Environment/conservation/heritage
  • Economic/community Development/employment
Who the charity helps:
  • Children/young People
  • Elderly/old People
  • People With Disabilities
  • People Of A Particular Ethnic Or Racial Origin
  • Other Charities Or Voluntary Bodies
  • Other Defined Groups
  • The General Public/mankind
How the charity helps:
  • Makes Grants To Individuals
  • Makes Grants To Organisations
  • Provides Human Resources
  • Provides Buildings/facilities/open Space
  • Provides Services
  • Provides Advocacy/advice/information
  • Sponsors Or Undertakes Research
  • Acts As An Umbrella Or Resource Body
Where the charity operates:
  • Sheffield City

Governance

Registration history:
  • 10 November 2005: Standard registration
Organisation type:
Charitable company
Other names:
  • SOAR (Working name)
  • SOUTHEY AND OWLERTON AREA REGENERATION LIMITED (Working name)
  • SOUTHEY AND OWLERTON AREA REGENERATION (Previous name)
Company number:
05060698 Open in new window
Gift aid:
Not recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Bullying and harassment policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Investing charity funds policy and procedures
  • Investment
  • Paying staff
  • Risk management
  • Safeguarding policy and procedures
  • Safeguarding vulnerable beneficiaries
  • Serious incident reporting policy and procedures
  • Social media policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
  • Volunteer management
Land and property:
This charity owns and/or leases land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

16 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
CLAIRE MARIE LANE Chair 03 September 2013
None on record
Hildah Tinashe Trustee 29 January 2025
None on record
Joanne Hayles Trustee 28 June 2023
None on record
TALIB HUSSAIN Trustee 17 May 2023
None on record
Bridget Kelly Trustee 23 November 2022
FRIENDS OF ECCLESFIELD LIBRARY CIO
Received: On time
Andrew David Male Trustee 25 February 2021
None on record
Josephine Towl Trustee 26 January 2021
None on record
Tessa Kate Godley Trustee 22 October 2020
None on record
Wan Ten Yap Trustee 23 July 2020
SHEFFIELD TALKING NEWS
Received: On time
STOTHARD ROAD SCHEME LIMITED
Received: On time
DERBYSHIRE VOLUNTARY ACTION
Received: On time
Maxine Greaves Trustee 18 July 2019
SHEFFIELD MUSEUMS TRUST
Received: On time
Rafik Abdulaziz Mohammed Al-Sakkaf Trustee 24 May 2018
None on record
Simon Peter Rippon Trustee 26 April 2018
None on record
Michael Leslie Chaplin Cllr Trustee 28 September 2017
None on record
ABDUL KHAYUM Cllr Trustee 23 February 2017
None on record
PETER PRICE MBE Trustee 26 January 2015
THE J G GRAVES CHARITABLE TRUST
Received: On time
POOR'S LAND
Received: On time
AUTISM PLUS LIMITED
Received: On time
WINCOBANK VILLAGE HALL TRUST
Received: On time
GRIMESTHORPE FAMILY CENTRE
Received: On time
ELEANOR JANE HOULSTON Trustee
None on record

Financial history

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Financial period end date

Income / Expenditure 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Total gross income £1.39m £1.64m £2.01m £1.88m £2.36m
Total expenditure £1.53m £1.77m £2.08m £2.13m £1.99m
Income from government contracts £721.07k £113.01k £76.24k £129.87k £71.96k
Income from government grants £54.27k £915.43k £1.29m £983.27k £1.07m
Income - Donations and legacies £0 £0 £0 £0 £0
Income - Other trading activities £23.74k £21.97k £25.85k £14.71k £34.56k
Income - Charitable activities £1.01m £1.28m £1.62m £1.43m £1.57m
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £336.19k £306.18k £337.70k £388.81k £402.77k
Income - Other £21.91k £25.79k £29.90k £47.54k £355.04k
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £1.51m £1.77m £2.08m £2.12m £1.98m
Expenditure - Raising funds £19.20k £4.86k £7.89k £8.16k £10.30k
Expenditure - Governance £12.29k £13.24k £12.99k £14.84k £14.49k
Expenditure - Grants institution £30.91k £33.90k £30.69k £23.38k £28.50k
Expenditure - Investment management £0 £0 £0 £0 £0
Expenditure - Other £0 £0 £0 £0 £0

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Own use assets £2.99m £2.80m £3.00m £2.79m £2.65m
Long-term investments £100 £100 £0 £15.15k £6.07k
Other assets £1.07m £904.94k £1.03m £963.68k £1.12m
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £806.01k £594.23k £579.09k £573.31k £213.90k

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 March 2024 22 January 2025 On Time
Accounts and TAR 31 March 2024 22 January 2025 On Time Download Open in new window
Annual return 31 March 2023 31 January 2024 On Time
Accounts and TAR 31 March 2023 31 January 2024 On Time Download Open in new window
Annual return 31 March 2022 30 January 2023 On Time
Accounts and TAR 31 March 2022 30 January 2023 On Time Download Open in new window
Annual return 31 March 2021 27 January 2022 On Time
Accounts and TAR 31 March 2021 27 January 2022 On Time Download Open in new window
Annual return 31 March 2020 29 January 2021 On Time
Accounts and TAR 31 March 2020 29 January 2021 On Time Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

MEMORANDUM AND ARTICLES INCORPORATED 02/03/2004 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 21/10/2010 AS AMENDED BY CERTIFICATE OF INCORPORATION ON CHANGE OF NAME DATED 10/12/2012 AS AMENDED BY SPECIAL RESOLUTION REGISTERED AT COMPANIES HOUSE ON 14/12/2012

Charitable objects

3.1 THE PROMOTION FOR THE PUBLIC BENEFIT OF URBAN OR RURAL REGENERATION IN AREAS OF SOCIAL AND ECONOMIC DEPRIVATION (AND IN PARTICULAR THE NORTH OF SHEFFIELD, SOUTH YORKSHIRE AS SHOWN EDGED IN BOLD ON THE ATTACHED PLAN) ("THE AREA OF BENEFIT") BY ALL OR ANY OF THE FOLLOWING MEANS: 3.1.1 THE RELIEF OF POVERTY 3.1.2 THE RELIEF OF UNEMPLOYMENT 3.1.3 THE ADVANCEMENT OF EDUCATION, TRAINING OR RETRAINING, PARTICULARLY AMONG UNEMPLOYED PEOPLE AND PROVIDING UNEMPLOYED PEOPLE WITH WORK EXPERIENCE 3.1.4 THE PROVISIONS OF FINANCIAL ASSISTANCE, TECHNICAL ASSISTANCE OR BUSINESS ADVICE OR CONSULTANCY IN ORDER TO PROVIDE TRAINING AND EMPLOYMENT OPPORTUNITIES FOR UNEMPLOYED PEOPLE IN CASES OF FINANCIAL OR OTHER CHARITABLE NEED THROUGH HELP (I) IN SETTING UP THEIR OWN BUSINESS, OR (II) TO EXISTING BUSINESSES 3.1.5 THE CREATION OF TRAINING AND EMPLOYMENT OPPORTUNITIES BY THE CREATION OF WORKSPACE, BUILDINGS AND/OR LAND FOR USE ON FAVOURABLE TERMS 3.1.6 THE PROVISION OF HOUSING FOR THOSE WHO ARE IN CONDITIONS OF NEED AND THE IMPROVEMENT OF HOUSING IN THE PUBLIC SECTOR OR IN CHARITABLE OWNERSHIP PROVIDED THAT SUCH POWER SHALL NOT EXTEND TO RELIEVING ANY LOCAL AUTHORITIES OR OTHER BODIES OF A STATUTORY DUTY TO PROVIDE OR IMPROVE HOUSING 3.1.7 THE MAINTENANCE, IMPROVEMENT OR PROVISION OF PUBLIC AMENITIES 3.1.8 THE PRESERVATION OF BUILDINGS OR SITES OF HISTORIC OR ARCHITECTURAL IMPORTANCE 3.1.9 THE PROVISION OF RECREATIONAL FACILITIES FOR THE PUBLIC AT LARGE OR THOSE WHO BY REASON OF THEIR YOUTH, AGE, INFIRMITY OR DISABLEMENT, POVERTY OR SOCIAL AND ECONOMIC CIRCUMSTANCES HAVE NEED OF SUCH FACILITIES 3.1.10 THE PROTECTION OR CONSERVATION OF THE ENVIRONMENT 3.1.11 THE PROVISION OF PUBLIC HEALTH FACILITIES AND CHILDCARE 3.1.12 THE PROMOTION OF PUBLIC SAFETY AND PREVENTION OF CRIME 3.1.13 SUCH OTHER MEANS AS MAY FROM TIME TO TIME BE DETERMINED SUBJECT TO THE PRIOR WRITTEN CONSENT OF THE CHARITY COMMISSIONERS FOR ENGLAND AND WALES 3.2 TO DETERMINE STRATEGIES THAT WHEN IMPLEMENTED WILL ASSIST THE REGENERATION OF THE AREA OF BENEFIT, IN PARTNERSHIP WITH HM GOVERNMENT, SHEFFIELD CITY COUNCIL AND THE BUSINESS, COMMUNITY AND VOLUNTARY SECTOR AS APPROPRIATE.

Area of benefit

The area the charity can operate in, as set out in its governing document.

THE NORTH OF SHEFFIELD, SOUTH YORKSHIRE

Contact information

Address:
SOAR
SOAR WORKS ENTEPRISE CENTRE
14 KNUTTON RD
SHEFFIELD
S5 9NU
Phone:
01142134065
Email:
enquiries@soarcommunity.org.uk
Website:

www.soarcommunity.org.uk Open in new window