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SOAR COMMUNITY

Registered charity 1112008 · accounts filings on the Charity Commission register · also known as SOAR, SOUTHEY AND OWLERTON AREA REGENERATION, SOUTHEY AND OWLERTON AREA REGENERATION LIMITED

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.

Causes: General Charitable Purposes · Education/training · The Advancement Of Health Or Saving Of Lives · The Prevention Or Relief Of Poverty · Accommodation/housing · Environment/conservation/heritage · Grant history (this charity is a funder) · website · Get email alerts

Latest income
£3.4m
Latest spending
£2.3m
Registered
2005
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the group made an overall surplus of £1,141,007 for the year ended 31 March 2025, with unrestricted reserves increasing to £1,169,974. The trustees confirm that the charity has adequate resources to continue in operational existence for the foreseeable future, and the auditors reported no material uncertainties regarding going concern.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Largest income source: Grants and donations (76% of income)
“Total grants and donations income 2,903,209”
Per its FY2025 accounts as filed with the Charity Commission.
Reserves policy: six months of running costs (held: £1.2m)
“The board calculates free reserves as the unrestricted funds balance at 31 March 2025 less funds that could only be realised by the disposal of tangible fixed assets held for charitable purposes or via disposal of an investment in associate. This gives unrestricted free reserves at 31 March 2025 of around £850,000. We believe that six months unrestricted operating costs in the coming year would equate to around £320,000. This figure does not take into account the costs of unforeseen repairs to our main charitable asset, the SOAR Works Enterprise Centre which could be extensive if and when they arise. It is for this reason we believe a higher level of free reserves than six months unrestricted operating costs should be maintained.”
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: P Price has a significant interest in Grimesthorpe Family Centre.
“During the year, sales of £Nil (2024: £2,070), purchases of £3,890 (2024: £Nil) and grants paid of £1,995 (2024: £Nil) were made with Grimesthorpe Family Centre, a charity which P Price has a significant interest in.” — page 44
“During the year, sales of £41,332 (2024: £40,242), purchases of £Nil (2024: £13,245) and grants of £2,000 (2024: £Nil) were made to and from Longley 4G Limited, a charity which the key management personal of SOAR Community have control over.” — page 44
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Key management personnel of SOAR Community have control over Longley 4G Limited.
“During the year, sales of £Nil (2024: £2,070), purchases of £3,890 (2024: £Nil) and grants paid of £1,995 (2024: £Nil) were made with Grimesthorpe Family Centre, a charity which P Price has a significant interest in.” — page 44
“During the year, sales of £41,332 (2024: £40,242), purchases of £Nil (2024: £13,245) and grants of £2,000 (2024: £Nil) were made to and from Longley 4G Limited, a charity which the key management personal of SOAR Community have control over.” — page 44
Per its FY2025 accounts as filed with the Charity Commission.
Trading subsidiary: SOAR Enterprises Limited
“SOAR has a 100% share in SOAR Enterprises Limited. SOAR Enterprises Limited has a 50% stake in SOAR Build Limited.” — page 5
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Hawsons Chartered Accountants. Discloses 5 of 6 completeness components.

Corporate structure

SOAR ENTERPRISES LIMITED — per its own Companies House accounts

    Public fundraising profile: JustGiving — SOAR Community (matched by registered charity number).

    Company officers (Companies House)

    Current officers of the charity’s own company per the Companies House register, cross-checked against the Charity Commission trustee list by name. A director not on the trustee list is usually a timing or naming difference between the two registers — check both records before drawing conclusions.

    Official officers record.

    Property (HM Land Registry)

    1 registered title in England and Wales held by the charity’s company or corporate body (0 freehold); recorded price paid £180k. All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

    Public profiles (found on the charity’s own website): facebook · linkedin

    Structured financials (annual return, FY ending 31/03/2025)

    Total income
    £3.4m
    Total spending
    £2.3m
    Cost of raising funds
    £5k
    Reserves (reported)
    £1.2m
    Employees
    42

    Reported reserves equal ~6.1 months of spending — above the median for charities its size (median 4.8 months; benchmarks).

    Per its annual return, largest income source: Charitable activities (85% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

    Per its annual return, cost of raising funds: 0.2% of total income — below the median for charities its size (5.2%) (benchmarks).

    Trustees · trustee networks

    Trustee list from the Charity Commission register (current, not historical).

    Operates in: Sheffield City

    Income and spending

    Financial year endIncomeSpending
    31/03/2025£3.4m£2.3m
    31/03/2024£2.4m£2.0m
    31/03/2023£1.9m£2.1m
    31/03/2022£2.0m£2.1m
    31/03/2021£1.6m£1.8m

    Common questions

    Is SOAR COMMUNITY financially healthy?

    Per its FY2025 accounts: The accounts state that the group made an overall surplus of £1,141,007 for the year ended 31 March 2025, with unrestricted reserves increasing to £1,169,974. The trustees confirm that the charity has adequate resources to continue in operational existence for the foreseeable future, and the auditors reported no material uncertainties regarding going concern. Its FY2025 accounts were audited by Hawsons Chartered Accountants.

    Government & lottery funding

    Grants to this charity published as open data by government and lottery funders (360Giving).

    FunderDateAmountPurpose
    Sheffield City Council14/02/2025£13kMen's Emotional Wellbeing
    The National Lottery Community Fund31/07/2023£198kThe Polaris Project
    Sheffield City Council05/12/2022£2.2mPeople Keeping Well
    The National Lottery Community Fund28/01/2022£10kBurngreave Library Volunteering and Community Engagement
    The National Lottery Community Fund28/09/2016£10kConnectS4

    Funders of similar charities

    Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

    FunderSimilar charities fundedAmount to them
    LOCAL TRUST1£871k
    THE FOOTBALL FOUNDATION1£525k
    VOLUNTARY ACTION NORTH LINCOLNSHIRE LIMITED1£122k
    THE LIZ AND TERRY BRAMALL FOUNDATION1£50k
    JOHN LAING CHARITABLE TRUST1£15k
    NORTHAMPTONSHIRE COMMUNITY FOUNDATION1£7k
    THE GREATER MANCHESTER HIGH SHERIFF'S POLICE TRUST1£4k
    THE DUKE OF NORTHUMBERLAND'S CHARITY1£4k

    Charities like this

    Semantically similar by activities and financial character, from our analysed corpus. Compare with SHEFFIELD UNITED COMMUNITY FOUNDATION.

    Side by side with its peers

    CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
    SOAR COMMUNITY£3.4m—0above—no doubt
    SHEFFIELD UNITED COMMUNITY FOUNDATION FY2025£2.5m£70,001 - £80,0001above—no doubt
    SHEFFIELD AND HALLAMSHIRE COUNTY FOOTBALL ASSOCIATION LIMITED FY2025£1.2m——above—no doubt
    Stockport County Community Trust FY2025£976k—0unclear—no doubt
    HEMMINGWELL COMMUNITY AND SKILLS CENTRE CIO FY2024£120k—0unclear—no doubt
    NEW HORIZONS COMMUNITY ENTERPRISE FY2025£1.2m£100,001 - £110,000—above—no doubt

    Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.