SHEFFIELD CITY KNIGHTS PROJECT
Promote for the benefit of the inhabitants living within Sheffield to advance education and provide facilities in the interest of social welfare for recreation and other leisure time occupations with the objects of improving the conditions of life.
Financial health, per its FY2025 accounts
The accounts state that free cash reserves were £31,635, which falls within the trustees' stated policy range of £3,250 to £47,000. The charity reported a net payment deficit of £6,952 for the year, reducing total funds carried forward from £38,587 to £31,635. The independent examiner confirmed that no material matters were identified that would cause concern regarding the accounts or accounting records.
What the accounts disclose
“reserves should lay in a range between: - £3,250 being the liabilities due should the charity cease to offer daily sessions to project members. £47,000 being 6 months estimated operating costs.”
“S Thistlethwaite, son of trustee Karen Thistlethwaite was employed during the year was remunerated £7,323 (2025: £6,622). D Thistlethwaite, son of trustee Karen Thistlethwaite attended free sessions during the year in exchange for helping at the sessions. This arrangement is also in place for others who are able to help out. There were no other related party transactions, other than those detailed in note 2.” — page 10
Trustees
- Laura Passo
- Steven Carter
- Susan Eastwood
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £91k | £98k |
| 31/08/2024 | £74k | £99k |
| 31/08/2023 | £69k | £67k |
| 31/08/2022 | £67k | £77k |
| 31/08/2021 | £12k | £16k |
Common questions
Is SHEFFIELD CITY KNIGHTS PROJECT financially healthy?
Per its FY2025 accounts: The accounts state that free cash reserves were £31,635, which falls within the trustees' stated policy range of £3,250 to £47,000. The charity reported a net payment deficit of £6,952 for the year, reducing total funds carried forward from £38,587 to £31,635. The independent examiner confirmed that no material matters were identified that would cause concern regarding the accounts or accounting records. Its FY2025 accounts were independently examined.