SHEFFIELD CITY TRUST
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.
What the accounts disclose
“As such, the directors do not consider the charity to be a going concern.” — page 9
“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
“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.”
Year-over-year changes
- Going concern: no going-concern doubt (FY2022) → going-concern doubt noted (FY2025).
Structured financials (annual return, FY ending 31/03/2025)
Register events
- Received assets from another charity (07/03/2026)
Trustees
- David Grey MBEchair
- ALEXANDER WILLIAM PETTIFER MBE
- JOHN WARNER
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £34.3m | £58.3m |
| 31/03/2024 | £50.8m | £58.1m |
| 31/03/2023 | £41.5m | £39.0m |
| 31/03/2022 | £33.1m | £19.0m |
| 31/03/2021 | £25.8m | £28.3m |
Common questions
Is SHEFFIELD CITY TRUST financially healthy?
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.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE ROGER DE HAAN CHARITABLE TRUST | 1 | £534k |
| TWO RIDINGS COMMUNITY FOUNDATION | 1 | £10k |
| EMMANUEL CHURCH OXFORD | 1 | £2k |