SHEFFIELD CITY TRUST
Registered charity 700520 · accounts filings on the Charity Commission register
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.
Causes: Education/training · The Advancement Of Health Or Saving Of Lives · Disability · The Prevention Or Relief Of Poverty · Arts/culture/heritage/science · Amateur Sport · Grant history (this charity is a funder) · website · Get email alerts
Financial health, per its FY2025 accounts
The accounts state that the charity ceased operating its venues in January 2025 and is in a period of orderly wind-down towards solvent liquidation, supported financially by Sheffield City Council. Per the trustees' report, the charity recorded a net outgoing resource of £23,928,000 for the year, resulting in consolidated unrestricted reserves of £1,711,000 at the year-end.
Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.
What the accounts disclose
Going concern: noted by the trustees or auditor
“As such, the directors do not consider the charity to be a going concern.” — page 9
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Space hired at iceSheffield to Cavendish Cancer Care, a charity sharing a trustee.
“During the year the group hired space for a curling session at iceSheffield to Cavendish Cancer Care, a charity which has a trustee who is also a trustee of Sheffield City Trust. The transaction was conducted on an arms length basis and revenue of £745 was recognised during the year.” — page 43
Per its FY2025 accounts as filed with the Charity Commission.
Trading subsidiary: Sheffield International Venues Limited
“Sheffield International Venues Limited manages sporting and recreational facilities as agent for Sheffield City Trust in respect of the community income and expenditure, and as principal in respect of ancillary commercial income and expenditure for Sheffield City Trust.”
Per its FY2025 accounts as filed with the Charity Commission.
Accounts audited by Crowe U.K. LLP. Discloses 3 of 6 completeness components.
Year-over-year changes
- Going concern: no going-concern doubt (FY2024) → going-concern doubt noted (FY2025).
Comparing this charity’s FY2024 and FY2025 accounts as analysed by this site.
In the news
Recent coverage mentioning this charity by name (automated match; headlines belong to their publishers).
Property (HM Land Registry)
12 registered titles in England and Wales held by the charity’s company or corporate body (0 freehold); recorded price paid £67.9m. All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.
Structured financials (annual return, FY ending 31/03/2025)
Cost of raising funds
£25.8m
Reported reserves equal ~0.4 months of spending — in the bottom quarter for charities its size (median 4.6 months; benchmarks).
Per its annual return, largest income source: Charitable activities (81% 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: 75.1% of total income — above the 90th percentile for charities its size (median 3.8%) (benchmarks).
Register events
- Received assets from another charity (07/03/2026) — per the register’s event history; asset transfers typically record mergers or reorganisations.
- David Grey MBEchair · trustee of 2 other charities
- ALEXANDER WILLIAM PETTIFER MBE
- JOHN WARNER
Trustee list from the Charity Commission register (current, not historical).
Operates in: Sheffield City
Income and spending
Common questions
Is SHEFFIELD CITY TRUST financially healthy?
Per its FY2025 accounts: The accounts state that the charity ceased operating its venues in January 2025 and is in a period of orderly wind-down towards solvent liquidation, supported financially by Sheffield City Council. Per the trustees' report, the charity recorded a net outgoing resource of £23,928,000 for the year, resulting in consolidated unrestricted reserves of £1,711,000 at the year-end. Its FY2025 accounts were audited by Crowe U.K. LLP.
Government & lottery funding
Grants to this charity published as open data by government and lottery funders (360Giving).
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.
Charities like this
Semantically similar by activities and financial character, from our analysed corpus. Compare with SHEFFIELD TOWN TRUST.
Side by side with its peers
Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.