THE SHEFFIELD MEDIA AND EXHIBITION CENTRE LIMITED
Financial health, per its FY2025 accounts
The accounts state that the group generated a net deficit of £34,404 for the year, resulting in a net overdraft position of £391,017. The auditors have identified a material uncertainty regarding the group's ability to continue as a going concern, although the trustees maintain that adequate resources exist to operate for the foreseeable future with bank support.
What the accounts disclose
“The reserves of the Group are represented largely by capital grants and property revaluation surpluses. These elements are regarded as the representation of the Group’s fixed assets and are therefore, in effect, not available for any other purpose.” — page 7
“The matters explained in note 1 to the financial statements indicates the existence of a material uncertainty which may cast doubt over the group’s ability to continue as a going concern.” — page 10
“Of the amount owed by group undertakings, £400,000 (2024: £400,000) is due after more than one year, which represents a loan made to Paternoster Limited, a subsidiary company. The loan was made on normal commercial terms at an interest rate of 7%.” — page 28
“The subsidiary of the company at 31 March 2025 (incorporated in England) was: Paternoster Limited” — page 28
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Andy Paul Heap
- Brian Hamilton-Tweedale
- COLIN MICHAEL PONS
- Cllr Peter Gilbert
- Kathleen Anne Sheridan
- Kathryn Rose Gilbert
- Mark John Hilton
- Nikki Sarah Bellfield
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £4.2m | £4.3m |
| 31/03/2024 | £3.8m | £4.1m |
| 31/03/2023 | £3.4m | £4.1m |
| 31/03/2022 | £3.7m | £3.6m |
| 31/03/2021 | £3.0m | £2.8m |
Common questions
Is THE SHEFFIELD MEDIA AND EXHIBITION CENTRE LIMITED financially healthy?
The accounts state that the group generated a net deficit of £34,404 for the year, resulting in a net overdraft position of £391,017. The auditors have identified a material uncertainty regarding the group's ability to continue as a going concern, although the trustees maintain that adequate resources exist to operate for the foreseeable future with bank support. Its FY2025 accounts were audited by Hawsons Chartered Accountants.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| AL Philanthropies | 1 | £8.3m |
| THE BOOTH CHARITIES | 1 | £74k |
| Point North Community Foundation | 1 | £38k |
| THE EVAN CORNISH FOUNDATION | 1 | £5k |
| CRH CHARITABLE TRUST | 1 | £4k |
| THE HAROLD HYAM WINGATE FOUNDATION | 1 | £4k |
| ROYAL SOCIETY OF WILDLIFE TRUSTS | 1 | £0 |