SHEFFIELD CITY TRUST

Charity number: 700520
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

1) Promoting the benefit of the inhabitants of South Yorkshire and surrounding counties through the provision of facilities for recreation and leisure time occupation, ad hoc initiatives and the provision of financial support to appropriate projects.

Income and expenditure

Data for financial year ending 31 March 2024

Total income:
£50,832,000

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Donations and legacies £17.88m
Charitable activities £32.19m
Other trading activities £0
Investments £756.00k
Other £0

Total expenditure:
£58,056,000

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Raising funds £35.71m
Charitable activities £22.34m
Other £0

£0 investments gains (losses)

Total income includes £6,667 from 1 government contract(s) and £17,671,088 from 9 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 £35.71m
Charitable expenditure £22.34m

People

1036 Employee(s)

3 Trustee(s)

Employees with total benefits over £60,000

Number of employees
£60k to £70k 1
£70k to £80k 3
£80k to £90k 2
£120k to £130k 1

Fundraising

No information available

Trading

This charity has one or more trading subsidiaries.

Trustee payments

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

What, who, how, where

What the charity does:
  • Education/training
  • The Advancement Of Health Or Saving Of Lives
  • Disability
  • The Prevention Or Relief Of Poverty
  • Arts/culture/heritage/science
  • Amateur Sport
  • Environment/conservation/heritage
Who the charity helps:
  • Children/young People
  • Elderly/old People
  • People With Disabilities
  • Other Charities Or Voluntary Bodies
  • Other Defined Groups
How the charity helps:
  • Makes Grants To Organisations
  • Provides Buildings/facilities/open Space
  • Provides Services
Where the charity operates:
  • Sheffield City

Governance

Registration history:
  • 05 August 1988: Standard registration
Organisation type:
Charitable company
Other names:

No other names

Company number:
02164600 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
  • 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
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

3 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
David Grey MBE Chair 13 January 2017
CAVENDISH CANCER CARE
Received: On time
WESTON PARK HOSPITAL DEVELOPMENT FUND LTD
Received: On time
ALEXANDER WILLIAM PETTIFER MBE Trustee 01 August 2019
7 HILLS LEISURE TRUST
Received: On time
JOHN WARNER Trustee 04 March 2011
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 £40.18m £25.82m £33.08m £41.55m £50.83m
Total expenditure £41.71m £28.30m £19.00m £39.05m £58.06m
Income from government contracts £595.00k £1.13m £420.00k £20.00k £6.67k
Income from government grants £6.83m £19.27m £12.23m £11.91m £17.67m
Income - Donations and legacies £9.29m £20.59m £12.83m £12.12m £17.88m
Income - Other trading activities £0 £0 £0 £0 £0
Income - Charitable activities £30.89m £5.22m £20.24m £29.32m £32.19m
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £7.00k £5.00k £9.00k £103.00k £756.00k
Income - Other £0 £0 £0 £0 £0
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £19.19m £18.46m £4.15m £16.94m £22.34m
Expenditure - Raising funds £22.52m £9.84m £14.85m £22.11m £35.71m
Expenditure - Governance £275.10k £271.29k £312.60k £277.11k £488.42k
Expenditure - Grants institution £0 £0 £0 £0 £0
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 £147.42m £145.89m £145.44m £142.99m £133.01m
Long-term investments £0 £0 £0 £0 £0
Other assets £39.52m £39.92m £42.54m £50.45m £57.46m
Defined benefit pension scheme asset or liability -£12.99m -£15.94m £0 £0 £0
Total liabilities £156.85m £157.70m £157.65m £160.57m £164.83m

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 31 January 2025 On time
Accounts and TAR 31 March 2024 31 January 2025 On time
Annual return 31 March 2023 31 January 2024 On time
Accounts and TAR 31 March 2023 31 January 2024 On time
Annual return 31 March 2022 30 January 2023 On time
Accounts and TAR 31 March 2022 30 January 2023 On time
Annual return 31 March 2021 29 January 2022 On time
Accounts and TAR 31 March 2021 29 January 2022 On time
Annual return 31 March 2020 31 January 2021 On time
Accounts and TAR 31 March 2020 31 January 2021 On time
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 OF ASSOCIATION INCORPORATED 15 SEPTEMBER 1987 AMENDED BY SPECIAL RESOLUTIONS DATED 28 JANUARY 1988, 6 NOVEMBER 1991, 5 JUNE 1992, 30 JULY 1993, 20 NOVEMBER 1998, 15 DECEMBER 2000, 28 MARCH 2003, 3 MARCH 2006 AND 2 MARCH 2007. as amended on 04 Sep 2015 as amended on 24 Jan 2024

Charitable objects

(I) TO PROMOTE THE BENEFIT OF THE INHABITANTS OF SOUTH YORKSHIRE AND ITS SURROUNDING COUNTIES BY THE PROVISION OF FACILITIES FOR RECREATION AND LEISURE TIME OCCUPATION IN THE INTEREST OF SOCIAL WELFARE; (II)TO PROMOTE THE RELIEF OF POVERTY OF THE INHABITANTS OF THE CITY OF SHEFFIELD BY THE IMPROVEMENT AND PROVISION OF HOUSING; (III) TO PROMOTE AND PRESERVE GOOD PHYSICAL AND MENTAL HEALTH; (IV) THE ADVANCEMENT OF THE EDUCATION OF THE PUBLIC BY THE AID ESTABLISHMENT FUNDING OR SPONSORSHIP OF BURSARIES SCHOLARSHIPS OR GRANTS TO ANY PERSON OR PERSONS, INSTITUTION, ASSOCIATION OR CORPORATE BODY FOR THE PURPOSE OF FURTHERING THE OBJECTS OF THE COMPANY;(V) TO PROMOTE THE RELIEF OF ELDERLY PEOPLE, PEOPLE WITH DISABILITIES AND PEOPLE WITH SPECIAL NEEDS LIVING IN SHEFFIELD AND ITS ENVIRONS BY PROVIDING CARE AND CARE FACILITIES; (VI) THE ADVANCEMENT OF EDUCATION OF THE PUBLIC THROUGH THE PROVISION, MAINTENANCE AND SUPPORT OF MUSEUMS, ART AND CRAFT GALLERIES AND ARCHAEOLOGICAL SERVICES WITHIN SHEFFIELD AND ITS ENVIRONS; (VII) TO PROMOTE, MAINTAIN, IMPROVE AND ADVANCE PUBLIC EDUCATION BY THE ENCOURAGEMENT OF THE ARTS, INCLUDING THE ARTS OF SINGING, MUSIC, DANCE, DRAMA AND MIME AND TO FORMULATE, PREPARE AND ESTABLISH SCHEMES THEREFOR; (VIII) TO ACQUIRE, PRESERVE, RESTORE AND MAINTAIN FOR THE BENEFIT OF THE PUBLIC BUILDINGS OF HISTORIC AND ARCHITECTURAL INTEREST SITUATED IN SHEFFIELD; (IX) THE RELIEF OF POVERTY IN CASES OF NEED HARDSHIP OR DISTRESS AND TO ASSIST PERSONS WHO THROUGH THEIR SOCIAL AND ECONOMIC CIRCUMSTANCES ARE IN NEED AND UNABLE TO GAIN EMPLOYMENT; (X) SUCH CHARITABLE PURPOSES AS FOR THE GENERAL BENEFIT OF THE INHABITANTS OF THE CITY OF SHEFFIELD AND ITS ENVIRONS AS THE COMPANY SHALL IN ITS ABSOLUTE DISCRETION DETERMINE ON TERMS CONSISTENT WITH CHARITABLE PURPOSES IN ACCORDANCE WITH THE LAW OF ENGLAND AND WALES; (XI) SUCH OTHER CHARITABLE OBJECTS AS THE COMPANY SHALL FROM TIME TO TIME DETERMINE.

Area of benefit

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

SOUTH YORKSHIRE AND ITS SURROUNDING COUNTIES

Contact information

Address:
4th Floor Fountain Precinct
Leopold Street
Sheffield
S1 2JA
Phone:
0114 223 3800
Email:
info@SIVLTD.COM
Website:

www.sheffieldcitytrust.org.uk Open in new window