LGBT SHEFFIELD
To promote equality and diversity in the City of Sheffield and elsewhere, and in particularthe elimination of discrimination on the grounds of sexual orientation and gender identity forthe benefit of the public
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net surplus of £18,970.93 for the year ended 31 March 2025, with total incoming resources of £37,433.58 against total expenditure of £18,462.65. Per the trustees' report, the charity held net assets of £18,972 at year-end, comprising £2,351.54 in unrestricted funds and £16,620.29 in restricted funds. The trustees confirmed the accounts were prepared on a going concern basis following efforts to stabilize governance after a historic financial misappropriation.
What the accounts disclose
“total incoming resources for the year ending 31 March 2025 amounted to £37,433.58 (previous year: £53,770). These included income from grant funding and donations, together with £4,043.61 from income arising from charitable activities.” — page 8
“During the year ended 31 March 2025, LGBT Sheffield focused on stabilisation, governance recovery, and forward planning following the discovery of a historic financial misappropriation. Trustees engaged with the police, the Charity Commission, funders, donors, and other relevant third parties, providing information and assurance as required and taking steps to restore confidence in the charity’s governance and financial controls.” — page 6
Trustees
- Adam Otley
- John Conway
- Martin Ward
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/03/2025 | £37k | £18k |
| 30/03/2024 | £54k | £54k |
| 30/03/2023 | £20k | £13k |
| 30/03/2022 | £22k | £9k |
| 30/03/2021 | £22k | £9k |
Common questions
Is LGBT SHEFFIELD financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net surplus of £18,970.93 for the year ended 31 March 2025, with total incoming resources of £37,433.58 against total expenditure of £18,462.65. Per the trustees' report, the charity held net assets of £18,972 at year-end, comprising £2,351.54 in unrestricted funds and £16,620.29 in restricted funds. The trustees confirmed the accounts were prepared on a going concern basis following efforts to stabilize governance after a historic financial misappropriation. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| Postcode Lottery | 01/05/2023 | £19k | Project Funding |
| The National Lottery Community Fund | 07/03/2019 | £10k | SAAIL. |
| The National Lottery Community Fund | 26/06/2018 | £5k | LGBT Sheffield |