Company Registration No. 3338021
Charity Registratlon No. 1081829
Sharrow Communit forum Limited
(A Company limitsd by guarantee)
Annual Report and flnanclal statements
for the year ended 31 March 2024

Sharrow Community Forum Limited
(A Company limited by guarantee)
Contents
Page
Trustees, annual report (incorporating the directors, report)
Report of the independent auditor
9-12
Statement of Financial Activities (including income and expenditure account)
13
Balance sheet
14
Notes to the financial statements
15-25

Sharrow Community Forum Limited
(A company limited by guarantee)
Report of the Management Committee
for the year ended 31 March 2024
The management comtnittee. which comprises the trnstees (who are also the director5 of the company for the
purposes of company law). presents its report together with the audited financial statements for the year ended
31 March 2024.
REFERENCE AND ADMINISTRATIVE INFORMATION
Charity Name
Sharrow Community Forum Limited
Working Name
Sharrow Community Forum
Charity Number
1081829
Company Number
3338021
Start of financial year
End of financial year
l April 2023
31 March 2024
Correspondence address
and registered o￿lCe
The Old Junior School
South View Road
Sheffield
S7 IDB
Email
reception@sharrowcf.org.uk
Trustees
Paul McGrath - Chairperson
Tilus Abayomi - Treasurer
Dr Julie Pearn - Secretary
Jean Cromar
Simon Hyacinth
(From 27.09.23)
Nadeem Iffat
(From 27.09.23)
Katherine Ivison
(From 27.09.23)
Abdullah Khalid
(From 27.09.23)
Irfan Khan
(From 27,09.23)
Mohammad Maroof (From 27.09.23)
Maggie O'Neill
Iffat Nadeem
(Co-opted 17.01.24)
Chief Executive
Jonathan RoberLq
Bankers
Unity Trust Bank
4 Brindley Place
Birniingham Bl 2JB
Auditor
Peter Winter MA FCCA FCIE
Chartered Certified Accountant
Page I

Sharrow Community Fornm Limited
(A company limited by guarantee)
Report of the Management Committee
for the year ended 31 March 2024
. continued
The trustees, who are also directors under compliny law. present their report and the financial statements for
the year ended 31 March 2024. The trlistees confirm the annual Irustees, report and financial statements of the
Charity comply with the current 8tatutOry Tequirement8. those of the Chartty's governing document and the
provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102) (effective l January 2019).
This report h&s been prepared taking advantage of the exemptions for small companies within Part 15 of the
Companies Act 2006. Since the Charity qualifies as small under section 383, there is no requirement for the
strategic report necessary for medium and large companies under The Companies Act 2006 (Strategic Report
and Director's Report) Regulations 2013.
STRUCTURE, GOVERNANCE & MANAGEMENT
Governing Document
The Sh(l￿OW Community Forum Limited was incorporated on 21 March 1997 under a Memorandum of
Assoclation and is governed under it% Articles of Associalion, as amended by special resolutions dated 18
September 1999, 1 Augusit 2000 and 18 October 2003. It is a private company limited by guar<intee and cach
member of the company is required lo contribute an amount not exceeding £1 should the company be wound
up while they are a member, OT Within one year after they cease to be a member. The constitution has
provision for members, either associate or corporate and trustees.
Trustee Recruitment and Appointment
We appoint new tru,8tees dt our AGM e1￿h year. Prior to the AGM we circulate inforniation to members to
make them aware of the opportunity to become a trustee and invite them to nominate themselves. At the
AGM. elections take place for all new tThstee places. with one vote per member.
The constitution has provision for members, either associate or corporate and trustees,
One third of the Trustees must retire at each AGM. Any trustee retiring may offer herselfthimself for
re-election or further co-option, unless shelhe hail hdd six continuous years in office, in which case shelhe may
not seek re-election or further co-option for at least one year.
The trustees when complete consist of up 19 individual members or repre8entative8 of member organisations
elected at each AGM. When their number reaches 19, the trustees should take all reasonable efforts to en.sure
that at least 10 of them are local residenls, at least 5 are from minority groups and at leii¥t 2 represent private
businesses.
Trustee Induction and Training
In selecting persons to be appointed as trustees, the trustees take into account the benefits of appointing a
person who through residence, occupalion, employment or otherwise has special knOwled￿e of the Area of
Benefit or who is otherwise able by virtue of his or her personal or professional qudlifications to make a
contribution to the pursuit of the objects or the management of the charity.
Every trustee must sign a decl<irdtion of willingness to act &8 a tnistee of the charity before they are eligible to
vote at any meeting of the trustees. Trustees are provided with the Charity Commission's guide "The Essential
Trustee." What you need to know together with a copy of the Memorandum of Association and the latest
fInancial statements.
Page 2

Sharrow Community Forum Limited
(A company limited by guarantee)
Report of the Management Committee
for the year ended 31 March 2024
. continued
Organisational structure
The activities of the Forum are overseen by the trustecs and they delegate the day to day running of the Forum
to the Chief Executive Officer, Jonathan Roberts. The financial regulations deterniine the decision making
responsibilities in relation to expenditure, with trustees receiving regular financial reports. Financial oversight
is maintained by the trustees.
Other decisions are divided between tnjstees and staff on the basis of the trustees setting policy and direction
whilst staff govern implementation. For example, the trustees agree the budget for the year in April but staff
decide how to spend within budget. Trustees will decide on the priorities for work such as working with a
particular part of the community but staff are responsible for deciding how to enact it.
The financial regulations detennine the decision making responsibilities in relation to expenditure, with
trustees receiving regular financial reports. Financial over%ight is maintained by the trustees.
Rlsk management
The Irustees review the major risks which the charity faces on an annual basis and believe that the
maintenance of reserves at current levels, combined with an annual review of the controls over key financial
systems, will provide sufficient resources in the event of adverse conditions.
OBJECTIVES AND ACTIVITIES
Objects
The principal activity of the charity is that of facllitating the social, economic and environmental regeneration
of the area by encouraging and supporting Pilrtnership working between and within the cotnmunity, voluntary,
statutory and business sector. There has been no chdnge in this activity during the year,
Our mission statement remains:
SCF.. strengthening communities in Sharrow: improving the quality of life - building the community's voice -
bringing people together.
We have adopted the following objectives to meet this mission:
Attract and maintiiin public and Privdte re.%ources in the area
Foster a vibrant, diverse and active community
Improve community use of the nalural and built environment
Iiiipruv¢ IuLdl us¢ uf publiL s¢rviLcs
Improve our sustainability
Our work is underpinned by the following values:
Promoting equality of acccs.8 to facilities and resources
Cultural diverslty respected and celebrated
Supporting social justice and fairness
Accountability through transparency
Encouraging innovation, change and creativity
Page 3

Sharrow Community Forum Limitsd
(A company limited by guarantee)
Report of the Management Committee
for the year ended 31 March 2024
continued
Responsive to and guided by the community
When recording or collecting evidence of our activities, staff are expected to state how the activity meets the
particular objective(s). The evidence is then collated in a M<inagement report for trustee ffleetings and each
September is synthesised into an Annual Report for presentaiion at the AGM, when we report on our
achievements in relation to our mission and objectives.
We produce an annual report on our activities and achievements to coincide with our financial accounts
As part of this process we strive to ask our stakeholders to give us feedback on how they feel we have
perfomied against our objectives. This inforniation is then used to plan our work for the next year.
Statement of Public Benefit
The trustees have referred to the guidance conlained in the Charity Commission's general guidance on public
benefit when reviewing their aims and objectives and in pl(Inning t'uture activities. In particular, the Irustees
consider how planned activities will contribute to the aims and objective&i that have been 8et and ensure
services continue to be of benefit to the general public.
The trustees confimi that they have complied with their du(ies under section 17 of the Charities Act 2011 with
regard to public benefit.
ACHIEVEMENTS AND PERFORMANCE
Our annual report will provide full details of the activities we have undertaken this year, and this is available
from September 2024, but the following are examples of some of the activities, work and partnerships SCF
have been involved in during 2023-24.
SCF continues to work towards achieving its guiding principles (see above).
From April 2023 through to March 2024 there have been a number of exciting developments within the
projects that will drive the narrative for the forthcoming year.
There are 5 key areas of work that provide the focus of much of our work and are explored in more detail
throughout the report:
Facilities Management
Sharrow Community Forum continues to work to keep buildings for community use that are affordable and
accessible. Sharrow Community Forum (SCF) is currently under contract with Sheffield City Council.
Children and Young People's Directorate to provide a management service for the Old Junior School (OJS) on
South View Road. This means that SCF undertakes to provide cleaning. reception, organise security and basic
maintenance on the building for pernianent tenants and groupslindividuals taking up sessional lets.
OJS continues to host a wide variety of classes and groups. highlighting the success of the building in
continuing to attract community usage. The sessions include French and Spanish classes, sewing, art, drama.
theatre and writing workshops, There are a number of musical projects. choirs and young people's activities
contributing to the busy and vibrant building.
Page 4

Sharrow Community Forum Limited
(A company limited by guarantee)
Report of the Management Committee
for the year ended 31 March 2024
. continued
SCF gained a 25-year lease for the Highfield Adventure Playground in 2021, primarily with a view to
enabling opportunities to look for capital funding to support refurbishment andlor replacement of outdoor play
equipment. As reported at the latter part of the 2023 year-end report thi% has allowed SCF to lever in just over
£2.5m that will pay for a 3-storey building on the site. set up a cafelkiosk with a public toilet for people using
the park. Planning pern]ission and authorily to build on the land was gained in May 2023 and tender
documents were released in January 2024. By February. SCF had appointed Jarvale Construction (a local
company based in Dronfield). It is estimated that the build will be completed in early 2025.
Employability and volunteering
SCF continues to offer work support with a range of support services and a range of volunteering Opiions
a¢ro.8s all project.8 with a new volunteer training programme being put in place. A new contract to deliver
employment support service for Hong Kong Emigres was awarded in February 2024.
Families, Children and Young people
SCF continues to develop projects in and around Highfield Adventure Playground. The Youth and Play
provision have developed markedly over the l&st 12 months and alongside dedicated funding for 2024-25
through the Youth Investment Fund can develop services to gain qudlity standards in both areas.
The number of activities dvailable for children and young people's participation has incredsed and several new
initiatives are pldnned during 2024. The key effect will be to develop young people's confidence and to allow
their views and voice to be heard. Thi8 1% especially important to .%ecure their ownership in the new building
at Adventures.
Community development and engagement
Community development and engagement-through continuation from the community organising programme
and development of projects in buildings SCF manages and supports, On-going discussions continue with
local residents and service providers in the area to deliver projects and ideas for Sharrow.
The commissioned Masretplan for Mount Pledsant Park has delivered redl change and continues to evolve.
Improvements in the park have allowed a number of the most important issues to be positively effective. the
new and improved lighting scheme, better lines of sight and more activity on the park has added to up to a
feeling that it is a safer park to u,se and the communiiy is beginning to reap the benefits. The next planned dnd
called tor changes will continue to enhance the public realm and improve the facilities across the park.
For instance, the build will provide public amenities as mentioned above (Cafélpublic toilets), which will
allow the park to be better used and to become d destin¢ltion rather thiin something more transilory. The
original public consultations demon.strated a desire/need for better play facilities on the park and for ihe
well-used cricket nel,5 to be refurbished, C.Trproducing programmes of work with Sheffield City Park,8 and
Countryside Team will allow better traction and opportunities to explore more expansive change.
Holiday Activities and Food (HAF)
School holidays Cdn be pressure points for some families because of increased costs. such as food and
childcare, and reduced incotnes. For some children that can lead to a holiday experiencc gap. with children
from disadvantaged families less likely to access organised out-of-school activities. more likely to experience
'unhealthy holidays, in terms of nutrition and physical health and are more likely to experience social isolation.
Page 5

Sharrow Community Forum Limited
(A company limited by guarantee)
Report of the Management Committee
for the year ended 31 March 2024
. continued
SCF commissions local organisations across the Rivelin to Sheaf area with over 40 orgdllisdtions engaged in
delivery across the partnership since its inception. providing a strong network of provision of enrichment
activities and nutritional food. Additionally, SCF has supported training and development activities for partner
organisations as well as distributing capital funding across the partnership.
Having the opportunity to support enrichment and nutrition programmes such as HAF are integral to future
programmes of work. The HAF programme has seen SCF distributing large amounts of funding to a host of
local organisations and supporting delivery and infrastructure. It is a theme that fornis part of SCF'S
responsibility to act as an anchor organisation; building local capacity to deliver p081tive impact to support
local people at the heart of its work.
FINANCIAL REVIEW
The details for 2023-24 are set out in the Statement of Financial Activities on page 12. The charity generated a
net su￿lUS of £286,281 (2023.. Deficit £24,752) for the yedr under review. Capital expenditure on the
Adventure Playground 'the Project, amounted to £317.652. It was expected that the charity would generate a
surplu,8 for 2023-24 which would be re-invested in the Project. The Project is fully funded and is expected to
be completed in 2025.
Future income streams for other activities remain uncertain po%t-pandemic and any expenditure, therefore,
needs careful consideration. The trustees continue to monitor the result% on a monthly basis and set realistic
budgets for future year8.
Fundraising
The trustee8 have taken note of the directive made by the Fundraising Regulator and consider that they are
compliant. The charity ha5 no contracts or other arrangements with professional fundraisers or commercial
participators and has received no complaints about tundraiser8 apparently acting on behalf of the charity.
Fundraising activities may be undertaken by staff or volunteers, The charity management is always made
aware of these activities and ensure that proper fundraising practice is followed and that there is no risk to the
chdrity's reputdtion or vulnerable people.
Reserves policy
It is the policy of the company that unrestrtcted funds which have not been designated for a specific use
should be maintained at a level equivalent to between ihree and six months, nornidl operational expenditure.
At 31 March 2024. free reserves (unrestricted reserves £465,415 less fixed assets £323,604) amoounted to
£141.81 l. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in
funding. they will be able to coniinue the company's current activities while consideration is given to ways in
wIiiLli additiolial fuiids i)iay b¢ I'iliS¢d.
PLANS FOR FUTURE PERIODS
The trustees are aware that grant funding for community engagement work in the future 18 going to prove
harder to access. As a result, the trustees are focused on a stralegy of trying to secure new sources of income to
support our aims whilst making sure ihat the services we already provide run on a full cost recovery model.
Page 6

Sharrow Community Forum Limited
(A company limited by guarantee)
Report of the Management Committee
for the year ended 31 March 2024
. continued
In tenns of work, Trustees are determined to continue a varied programme of engagement based around
children and young peoples, services, the built environment, and training & skills. whilst making the most of
the Old Junior School and Adventure Playground facilities. This also signals our intention of looking at the
lease situation at the Old Junior School. Long terni planning is needed to ensure community assets remain in
place and allow local people opportunities to develop projects in buildings that are affordable and accessible.
We will continue to undertake work that brings people together and strengthens communities in Sharrow for
public benefit.
Statement of Trustees, Responsibilities
Company law requires the trustees to prepare financial statements for each financial year, which give a true
and fair view of the state of affairs of the charitable company and of the incoming resources and applica(ion of
resources. including the income and expenditure, of the charitable company for that period. In preparing those
financial statements the trustees are required to:
select 8Ultable accounting policies and apply them consltstently.
make judgements and estimates that are reason<ible and prudent,
state whether applicable accounting standards and .statements of recomrnended practice have been
followed.8ubject to any departures disclosed and explained in Ihe financial statements; and
prepare the financial statements on the 80in8 concern ba818 unless it is appropriate to presume thdt the
Forutn will not continue in operation.
Audilor
Peter Winter MA FCCA was appointed as the charity's auditor during the year and he has indicated his
willingness to act in this capacity for the ensuing year.
This report has been prepared in accordance with Accounting and Reporting by Charities: Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019), with
FRS 102 and with the requirements of Èhe Companies Act 2006 and the Charities Act 2011.
Approved on behalf of the board of trustees on 13 August 2024 and .signed on its behalf by..
P<LuI fvILOidil
Chair
Page 7

Independent auditor's report to the trnstees of
Sharrow Community Forum Limited
Opinion
We have audited the financial statements of Sharrow Community Forum Limited ('the charity,) for the year
ended 31 March 2024 which comprise the Stlltetnent of Financial Activities. Balance Sheet. notes to the
financial sllilemenls and a summary of significant accounting policies. The Financial reporting tratnework that
has been applied in their preparation is applicable Idw and United Kingdoni Accounting Stand<ird8. including
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of
Ireland, (United Kingdom Generally Accepled Accounting Practice).
In our opinion, the fin<incial statements:
give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of
its incoming re.80urces and application of resources for the year then ended.
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Praciice. and
have been prepared in accordance with the requirements of the Charities Act 2011.
Basls for audlt opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and
applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities
for the audit of the financial statements, section of our report. We are independent of the charity in accordance
with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the
FRC'S Ethical Standard and we have fulfilled our other ethical Tesponsibilities in aLcoTdance with these
requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a
basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of
accounting is appropridte in the prepardlion of the financial statements.
Based on the work we have perfomied. we have not identifjed any material uncertainties relating to events or
conditions thal, individually or collectively. may cast significant doubt on the charity's ability to continue as a
going concern for a period of at least twelve months from when the financial statements are authorised for
issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the
relevant sections of this report.
Other infornjation
The other information compri.gcj thc infoi'm&tiOll IllLludcd iii thi iiiiiiual ILPOIt, LLluluJiiig tlic t1￿￿tC￿￿' IfPOIt,
other than the financial statements and our auditor's report thereon.The trustees are responsible for the other
information contained within the annu411 report. Our opinion on the financial statements docs not cover the
other inforniation and. except to the extent otherwise expliciltly stated in our report. we do not express any
forTn of assurance conclusion thereon.
Page 8

Independent auditor's report to the trustees of
Sharrow Community Forum Limited
.continued
Our responsibility is to read the other informitltion and. in doing so. consider whetherthe other information is
materially inconsistent with the financial statetnents or our knowledge obtitiined in the course of the audit, or
otherwise appears to be materially misstated. If we identify such material inconsistencie.s or apparent material
misstatements. we are required to detennine whether this gives rise to a Tnaterial mi$8tatem¢nt in the financial
statements themselves. If. based on the work we have perforTned, we conclude that there is a material
misstatemcnt of thi5 Other infonnation, we are required to report that fact.
We have nothing to report in this regard.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charity and its environment obtained in the course of
the audit, we have not identified material mis.statements in the trustees, report.
We have nothing to report in re.8pect of the following matters in relation to which the Charities (Accounts and
Reports) Regulations 2008 require us to report to you if, in our opinion..
the inforniation given in the trustees, report is inconsistent in any material respect with the financial
statements. or
sufficient accounting records have not been kept. or
the flnancial statements are not in agreement with the accounting records., or
we have not received all Ihe inforniation and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the Trustees, Responslbilities Siatement set out on page 8 the trustees a
responsible for the preparation of the financial staiements and for being Sdtisfied that they give a true and fair
view, and for such internal control as the trustees detern]ine is necessary to enable the preparalion of financial
statement% that are free from m¢aterial misstatemenl, whether due to fraud or error.
In preparing the financial statements. the trustees are re%pon8ible for a8sessing the charity's ability to continue
as a going concern, disclosing, as applicanble. matters related to going concern and using the going concern
basis of accounting unless the Iruslees either intend to liquidate the charity or to cease operations. or have no
realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
We have been appointed as auditor under section 145 of the Charities Act 201 l and report in accordance with
regulations made under 154 of that Act.
Our objeclives are to obtain reasonable assurance about whether the financial statements as a whole are free
from material misstatement, whether due to fraud or erri)r, and ti) issue an auditor's report. that include,% nur
opinion.
Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance
with ISAS (UK) will always detect a materiitil tnisstatement when it exists. Misstatements can arise from fraud
or e￿or and are considered material if. individually or in aggregate. they could reasonably be expected to
influence the econotnic decisions of users taken on the basis of these financial statements.
Page 9

Independent auditor's report to the trustees of
Sharrow Community Forum Limited
.continued
The extent to which our procedures are capable of detecting irregularities, including fraud is deiailed below:
The charity is subject to laws and regulations that directly and indirectly affect the financial statements. Based
on our understanding of the charity and the environment in which it operates, we detennined that the laws and
regulations which were most significant included FRS 102, Charities Act 2011, and Health and Safety
regulations.we considered the extent to which non-compliance with these laws and regulations might have a
material effect on the financial statements, including how fraud might occur. We evaluated management's
incentives and opportunities for frauduleni manipulalion of the financial statements (including the risk of
override of controls), and deterniined that the principal risks were related to the recognition of income and the
pobting of inapproprtdte journal entries to improve the chdrity's result for the year and management bias in key
accounting estimates.
Audit procedures performed by the engagement flrm IncIuded:
Di8cus5ions with management and those responsible for legal compliance procedures within the
charity to obtain an understanding of the legal and regulatory framework applicable to the charity
and how the charity complies with that framework. including consideration of kTLown or su%pected
instances of fraud and non-compliance with IdW% dnd regulations.
reviewing tninutes of trustee meetings.
idenlifying and dssessing the design effectivenes.s of controls that management h&s in place to
p￿ vent and detect fraud and non-compliance with laws and regulations;
Challenging assumptions and judgements made by management in their significant accounting
etritimates;
identifying and testing journal entries. in particular any journal entries posted with unusual account
combinatlons or posted by senior mdnagement.
reviewing the ternis and conditions of material grant.% received and receivable;
reviewing all mdterial contracts and testing sample.¥ of Suppliers, invoices in connection with the
design and construction to date of the new three storey community building at Highfield Adventure
Pldyground. Crowther Place, Sheffield.
There are inherent limitations in the audit procedures described above and the more removed non-compliance
with laws and regLildtions is from the events and transdctions reflected in the financial statement5, the less
likely we are to become aware of it. Also. the risk of not detecting a mdterial misstatement due to fraud is
higher than the risk of not detecting one resulting from emr, as fraud may involve deliberate concealment by,
for example. forgery or intentional misrepresentations. or through collusion.
A further description of our responsibilities is available on the Financial Reporting Council's website at
www.frc.org.uklauditors/audit-assurancelauditor-s-responsibilities-for-the-audit-of-the-fi/description-of-the-aud
iior's-responsibilitieg-for. Thls deserlpiion forTns part of our auditpr's report.
Other matter
The independent auditor's report on pages 9 to 12 refers to the financial stafrments for the year ended 31
March 2024. The independent auditor's report does not include the unaudited corresponding financial
slatements for the year ended 31 March 2023. which were examined by an Independent Examiner.
Page 10

Independent auditor's report to the trustees of
Sharrow Community Forum Limited
.continued
Use of our report
This report is made solely to the charity's ttustees, as a body, Én accordance with section 145 of the Charities
Act 2011. Our audit work has been undertaken so that we might state to the trustees those matters we are
required to state to them in an auditor's report dnd for no other purpose. To the fullest extent pennitted by law,
we do not accept or assume responsibility to anyone other than the charity's trustees as a b(xly, for our audit
work, for this report. or for the opinions we have formed.
Peter Colin Winter MA FCCA FCIE (senior statutory auditor)
Winter & Co
Chartered Certified Accountants
20 Halldm Grange Road
Sheffield
S104BJ
13 August 2024
Winter & Co is eligible to act as an auditor in tern]s of section 1212 of the Companies Act 2006.
Page 11

Sharrow Community Forum Limited
(A company limited by guarantee)
Statement of Financial Activities
for the year ended 31 March 2024
Notes Unrestricted Restricted
Funds
Funds
2024
Tolal
2023
Total
Incomin
resources
Incoming resources from generated funds
Donations and legacie5
Charitable activities
Covid Govt grants
Investment Income
61,930
96,641
61,930
783,600
62,906
465,235
686,959
Total Incoming resources
158,571
686,959
845,530
528,141
Resources Ex
ended
Charitable activities
233,281
322,218
555,499
551,243
Governance Costs
3,750
3,750
1,650
Total Resources Expended
237.031
322.218
559,249
552.893
Net Incomingl{Outgoing) Resources for the year
Transfers
Funds at l April 2023
(78.460)
379.035
164.840
364,741
(379,035)
14.294
286.281
(24.752)
179.134
203,886
Funds at 31 March 2024
465,415
465,415
179,134
The Statement of Financial Activities includes all gains and losses in the year. All incoming resources and
resources expended derive from continuing activities.
The Statement of Financial Activities also complies with the requirements for an income and expenditure
account under the Cotnpanies Act 2006.
The notes on pages 14 to 27 forni an integral part of these financial statements.
Page 12

Sharrow Community Forum Limited
(A company limited by guarantse)
Balance sheet
as at 31 March 2024
2024
2023
Notes
Fixed assets
Tangible assets
10
323,604
5,952
Current assets
Debtors
Cash at bank and in hand
11
226,294
156.410
34,961
185,738
382,704
220,699
Creditors and accruals
due within one year
16
(240.893)
(47,517)
Net current assets
141,811
173,182
Total assets less current liabilities
Creditors.. amounts falling due
after more than one year
465,415
179.134
Net assets
465,415
179,134
The funds of the charity
Restricted Funds
Unrestricted Funds
17
30,525
148.609
465,415
Total charity funds
465,415
179,134
The trustees ￿knOwledge their responsibilities for complying with the requirements of the Companies Act
2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the special provisions relating to companies
subject to the smiill companies regime within Part 15 of the Companies Act 2006 dnd in accordance with ihe
provisions of FRS 102.
These financial statements were approved and issued by the Board on 13 August 2024 and signed on its
behalf by..
Paul
cGrath
Trustee
Company Registration Number: 3338021
The notes on pages 14 to 27 form an integral part of these fmancial statements.
Page 13

Sharrow Community Forum Limited
(A company limited by guarantee)
Notes to the financial statements
for the year ended 31 March 2024
Basis of Preparation
General Inforn)ation
The charity is a public benefit entity as defined by FRS 102 and a private company limited by
guarantee. It is registered as both a company and a charity in England and Wales. The address of the
registered office is The Old Junior School, South View Road. Sheffield S l19HQ.
1.1 Basis of accounting
These financial statements have been prepared on the basis of historic cost in accordance with:
a) Accounting and Reporting by Charities: Statement of Recommended Practice applicable to
charities preparing their accounts in accordance with the Financial Reporting Standaid applicable
in the UK and Republic of Ireland (FRS 102) (effective l January 2019).
b) The Charities Act 2011
c) The Companies Act 2006
Going Concern
There are no fftaterial uncertainties about the chilrity's ability to coTJtinue its norn]al operations.
The trustees are aware that existing and confirnied funding may not be sufficient to cover existing
spending in the long terni, so have taken and continue lo take steps to restructure the dctivities and
costs so that objectives can be achieved and services delivered for the following year and beyond.
The building project at Highfield Adventure Playground is being funded by the Youth Investment
Fund. The trustees have appointed professional project managers, architects. surveyors and designers
to ensure the project is completed succes8fully and adheres to budgeted cost%. The trustees consider
they have taken all reasonable steps to minimise the risk of project delay8 and overruns.
They consider it appropriate, therefore, to prepare these financial statement8 as a going concern. The
financial statements are prepared in sterling, the functional currency of the charity.
Judgements and key sources of estlmatlon uncertainty
The preparation of the financial statements requires management to make judgements. estimates and
assumptions that effect the amounts reported. These eslimates and judgernents are continually
reviewed and are based on experience and other factors, including expectations of future evenls that
are believed to be reasonable under the circumstances.
1.2. Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease
terni.
Page 14

Sharrow Community Forum Limited
(A Company limited by guarantee)
Notes to the financial statements
for the year ended 31 March 2024
continued
Accounting Polici&s
2.1 Forn) of Financial Statements
a) Unrestricted funds
Funds that are available for use at the discretion of the trustees in
furtherance of the general objectives of the Forum.
b) Restricted funds
Funds are subject to restrictions on their expenditure imposed by the
donor or through the ternis of an appeal.
c) Designated funds
Designated funds comprise unrestricted funds that have been set aside by
the tTu.stees for particular projects or commitments.
2.2 Incoming resources
a) All income is rccognised once the Forum has evidence of entitlement to the income, it is probable
that the income will be received and the amount receivable can be tneasured reliably.
b) Where incoming resources have related expenditure (as with fundraisiing), the incoming resources
and related expenditure are reported gross in the SOFA
c) Income from contracts for the supply of services is recognised with the delivery of the contracted
service. This is classified as unrestricted funds unless there is a contractudl requirement for it to be
spent on a particular purpose and returned if unspent, in which case it may be regarded as
restricted.
d) Income from grants is recognised when there is evidence of entitlement. the receipt of the grant IS
probable and its amount can be measured reliably.
e) Income from donated goods is medsured at the fair value of the goods unless this is impractical to
measure reliably, in which case the value is derived from the cost to the donor or the estimated
resale value. Donated facilities and services are recognised in the accounts when received if the
value can be measured relidbly. The value of services provided by volunteers has not been
included in these accounts. Funds received to be held on behalf of other organisations are not
treated as income.
D Bank interest is recognised when it is credited to the account.
Page 15

Sharrow Community Forum Limited
(A company limited by guarantee)
Notes to the financial statements
for the year ended 31 March 2024
, continued
2J
Expenditure & Liabilities
a) Expenditure is recognised on an accruals basis and includes I￿eCoverable VAT.
b) Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation
committing the Forum to that expenditure, it is probable that settlement will be required and the
amount of the obligation can be measured reliably.
c) Charitable expenditure comprises those costs incurred by the Forum in the delivery of its
activities and services for its beneficiaries. It includes cost8 that can be allwated directly to such
activities and those costs of an indirect nature necessary to support them.
d) Governance costs include the costs of preparation and audit (2023 - independent examination)
of the statutory accounts, the cost of trustee meetings and the cost of any legal advice to trustees
on governance or constitutional matters.
e) The charily operates an auto enrolment compliant stakeholder defined contribution pension
scheme with the People's Pension. together with a defIned contribution scheme with A viva.
Contributions are charged in the accounts as they become payable in accordancc with the rules
of the scheme.
The Forum supports several small local charities by way of support grants. The Forum receives
funding for this grant support from Sheffield City Council. The Forum manages the allocation
of these funds on behalf of the Council. The Forum assesses the needs of these charities on dn
annual basis and is confident these charities would not view the Forum's support as an open
ended obligation. The annual commitment only is accounted for in these financial slatements.
Page 16

Sharrow Community Forum Limited
(A company limited by guarantee)
Notes to the financial statements
for the year ended 31 March 2024
continued
2.4 Tangible fixed assets and depreciation
a) Short leasehold land and buildings
Additions are capitalised at their historical cost when acquired during the year. All costs inCu￿ed
to bring a tangible fixed asset into its intended working condition are included in the measurement
of cost.
The new three storey community building at Highfield Advenlure Playground, Crowther Place,
Sheffield S7 IBJ is being built on a site where the charity holds a 25 year lease which commenced
on l June 2021. The cost of the new build is its purchase cost, including dll fees for each stage of
design and build, together with any incidental expenses.
b) Fixtures, fittings and office equipment
The cost of langible fixed assets is their purchase cost, logether with any incidental expenses of
acquisition. or if gifted. their value on receipt. or where the cost is unavailable, fair market value.
Individual items of equipment with a purchase price of £1,000 or less are written off when the
asset is acquired.
b) Depreciation is provided on all tangible assets. at rates calculated to write off the cost or valuation
of each asset. over its expected useful life, the annual rates are as follows:
Land
Short leasehold buildings
Fixtures. fittings and equipment
Computers and IT equipment
Land is not depreciated
Straight line over the life of the lease
25fo Straight line
33% Straight Line
The cost of the new leasehold building at Highfield Adventure Playground includes all incidental
costs to bring the building into existence. Depreciation is only charged on new buildings when the
building exists. Until the building exists, therefore, no depreciation is charged on pre-building
incidental costs for project management, architectural design, engineering and planning.
2.5 Taxation
As a registered charity, the Forum is exempt from tax on its income or gains arising on its charitable
activities to the extent that these are applied to its charitable objects. Irrecoverable V AT is included in
the asset cost or expense to which it relates.
Page 17

Sharrow Community Forum Limited
(A company limited by guarantee)
Notes to the financial statements
for the year ended 31 March 2024
continued
2.6. Financial instruments
The chdrily has elected to apply the provisions of Section I I 'Basic Financial Instruments, and
Section 12 '01her Financial Instrumenls Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party
to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial
statements, when there is a legally enforceable right to 8et off the recognised amounts and there is
an intention to settle on a net basis or to realise the asset and 8ettle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost Using
the effective interest method unless the arrangement constitutes a financing transaction, where ihe
transaction is measured al the present value of the future receipi8 discounted at a market rate of
interest. Financial a8set8 cl&ssified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities. including creditors and bank loans are initially recognised at transaction
price unless the drrdngement constitutes a financing transaction, where the debt instrument is
measured at the present value of the future payments discounted at a market rdle of interest.
Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at arnortised cost, using the effective interest rate
method.
Trade creditors are obligalions to pay for goods or services that have been acquired in the ordinary
course of operations from suppliers. Amounts payable are classified as current liabilities if payment
is due within one year or less. If not, they are presented as non-cutTent liabilities. Trade creditors
are recognised initially at transaction price and subsequently measured at amortibed cost using the
effective interest method.
Trustees, remuneration and related party transactions
a) No remuneration was paid to any trustee for dcting as d trutritee.
b) Travel and other expenses amounting to £Nil (2023 - £Nil) were reimbursed to trustees.
Limited by Guarantee
The charity is limited by guarantee and each member is required to contribute a sum not exceeding
£1 should the company be wound up while they are a member, or within a year after they cease io be
a member.
Page 18

Sharrow Community Forum Limited
(A company limited by guarantee)
Notes to the financial statements
for the year ended 31 March 2024
. continued
Donatfions and legacies
Unrestricted Restricted
Funds
Funds
2024
Total
2023
Total
Donations, gifts and sundjies
Grant for core activities
1.930
60.000
1,930
60,000
2.906
60,000
61,930
61,930
Previous year analys15."
62, 906
62,900
Page 19

Sharrow Community Forum Limited
(A company limited by guarantee)
Notes to the financial statements
for the year ended 31 March 2024
. continued
Incoming resources from charitable
activities
Unrestricted Restricted
Funds
Funds
2024
Total
2023
Total
Charitable activities
Room hire, cleaning and management contracts
Regeneration projects
67,591
29,050
67,591
92,734
716,009 372,501
686,959
96.641
686,959
783,600 465,235
Previous year analysis..
92. 734
372,501 465,235
Included within income relating to restricted regeneration projects are the following grants.,
Universal Youth Fund
Community Champions
Employability
Grants less than £5000
Holiday and Food (HAF)
Investment for Growth: Key Fund
Locality Co-ordinator Fund
Youth Investment Fund . Playground
Pathways to Positive Change
UK Shared Properity Fund (UKSPF)
South Yorkshire Police Commissioner
13,882
25,000
27,227
4,473
206,779
23,000
13.882
25.000
27,227
4.473
206,779
23,000
6,000
37,250
64,815
4,835
201,741
15.000
38,860
364,742
16,165
5,691
364,742
16,165
5,691
4.000
686.959
686,959 372.501
All income is derived from activities within the United Kingdom,
Grant8 are awarded to the charity on the basis of agreements containing conditions as to the puryloses for
which funds may be expended. Where .such conditions are not met, it is possible that grants may become
repayable to the fundin8 orsanisations. The trustees believe that all specified conditions have been met
and no grants will be repayable except as otherwise provided for in these financial statements.
Page 20

Sharrow Community Forum Limitsd
{A company limited by guarantee)
Notes to the financial statements
for the year ended 31 March 2024
. continued
Unrestricted
Funds
Restricted
Funds
Total
2024
Total
2023
Charitable activities
Administration of payroll
Bad debts
Bank charges
Security and CCTV
Cleaning & hygiene materials
IT software and small items of equipment
Small charitable donations
Gross wages and employer's NIC
Heat and light
Hire of equipment
Insurance
Legal and professional fees
Playground
Office supplies and photocopier
Water rates and refuse collection
Rent
Repairs
Small grdnts payable
Staff pension contributions
Staff training
Session and subcontract costs
Subscriptions
Telephone
1,373
1,326
637
8,054
4,609
16,752
1,373
1.326
637
8.054
4,609
16,752
1,475
103
618
3,533
12,321
160
283.284
1,748
10.220
6.128
13
4,095
21,744
1,837
8,161
9,842
147,687
10.108
600
20.004
3,799
3.763
129,789
881
3,637
6.335
13
148.554
278,343
881
3,637
6,335
13
7,222
2.302
8.361
932
5.938
4.488
629
25,578
1,334
3,091
7,222
2.302
8,361
932
172,917
11,173
629
25,578
1.334
3,091
166,979
6,685
233.281
322.218
555,499 551,243
Direct costs
Support costs
134.277
98.391
322.218
456.495 664,482
98,391
78,984
23?.668
322.218
554,886
743,466
Analysis of previoiis year..
Direct and siipport costs
152,236
5YJ.230
743.466
Page 21

Sharrow Community Forum Limited
(A company limited by guarantee)
Notes to the financial statements
for the year ended 31 March 2024
continued
Charitable activities continued
Individual amounts over £10,000
included within small grants payable:
Unrestricted Restricted
Funds
Funds
Total
2024
Total
2023
Allama Iqb<il Cricket Club
Football Unites
ISRAAC Somali Community
Link Learning
Mums Uniied Community Centre
On Board Skate Park
Premier Education
Roshni Asian
Sheffield FC
Sheffield City Boxing Club
Shipshape Health
Unity Gym
7,453
8,074
13.237
12,088
2,420
28,295
10.079
19,457
9,300
12.738
8,894
7,453
8,074
13.237
12,088
2,420
28,295
10.079
19,457
9.300
12,738
8.894
5,387
10,660
13.(M)5
17,520
11,284
14.450
16,130
11.609
10.870
15,399
Governance Costs
Unrestricted Restricted
Funds
Funds
Total
2024
Toial
2023
Audit fee (2023.. Independent Examination)
3,750
3.750
1,650
3.750
3,750
1,650
Employees
2024
2023
Number of employees
The average number of employees based on full-time
equivalents during the year is..
i?
14
Employment costs
Wages and salaries
Social security costs
Employer's staff pension contributions
Redundancy costs
?65.66?
268.485
14,799
10,108
11,173
?89,516
?93,39?
No employee earned £60,000 per annum or more in the current or preceding accounting period.
Key management personnel comprise the chief executive and senior management. The cost of their
remuneration, including employer's pension and eTnployer's NIC. was £89.998.
Page 22

Sharrow Community Forum Limited
(A company limited by guarantee)
Notes to the financial statements
for the year ended 31 March 2024
continued
Short
leasehold
property
Fixtures,
rittings and
equipment
10. Tangible fixed assets
Total
Cost
At l April 2023
Additions
Impairnient losses
Disposals
79,746
79,746
317,652
(73,000) (73,0(M))
317.652
At 31 March 2024
317,652
6,746
324,398
Depreciation
At l April 2023
Impainnent loss
Charge for the year
73.794
73,794
(73,000) (73,000)
At 31 March 2024
794
794
Net book values
At 31 March 2024
317,652
5,952
323,604
At 31 March 2023
5,952
5.952
11.
Debtors
2024
2023
Trade debtors
Other debtors
Prepayments and accrued income
6,086
214,421
5,787
6,715
226,294
34.961
Other debtors relate to grants receivable which were invoiced in March 2024 and subsequently
re.r.e.i ve,d in fiill in April ?.n?.4
Page 23

Sharrow Community Forum Limited
(A company limited by guarantee)
Notes to the financial statements
for the year ended 31 March 2024
continued
12.
Accruals and deferred income
2024
2023
Deferred income
At l April 2023
Increase in year
40,445
228,421
13,375
40,445
268,866
(40,445)
53,820
(13,375)
Released in year
At 31 March 2024
228,421
40,445
13.
Flnanclal commitments
At 31 March 2024 the company had annual commitments under non-cancellable operating leases as follows:
2024
2023
Expiry date:
Within one year
Between one and five years
In over five years
2,785
391
3,984
2,988
3.176
6.972
The lease agreements relate to the following operating leases..
a. Server lease agreement for 24 months ending in November 2024
b. Photocopier lease agreement for 36 months ending in November 2026
14.
Capital Commitments
At 31 m￿'Ll] 2024, Llie LI1￿.ALY lidLI liv Liiyildl LviiiiiiiLiiieiils (2023. £NAI).
Page 24

Sharrow Community Forum Limited
(A company limited by guarantee)
Notes to the financial statements
for the year ended 31 March 2024
. continued
15.
Analysis of net assets between funds
Unrestricted
funds
Rcstricted
funds
Total
Tangible fixed assets
Current asset8
Creditors falling due within one year
323,604
154,283
(12,472)
323,604
382,704
(240,893)
228,421
(228,421)
465.415
465,415
16
Creditors: amounts falllng due
wlthln one year
2024
2023
Independent Examination
Trade creditors
Deferred income
Accruals
Aviva and People's Pension Contributions
Inland Revenue and Socidl Security
Audit fee
1,450
2.215
40,445
1.796
547
7.660
228,421
1,062
3,750
?40.893
47,517
Page 25

Sharrow Community Forum Limited
(A company limited by guarantee)
Notes to the financial statements
for the year ended 31 March 2024
continued
17 Restricted Funds
At l Aprll
2023
Incoming
Resources
(Outgoing)
Resources
At 31 March
2024
Transfers
Grants less than £5000
SCC: Universal Youth Fund
SCC: Community Champions
SCC: Employability Skills
SCC: Holidays and Food (HAF)
UK Shared Prosperity Fund
Pathways to Positive Change
Investment for Growth
Youth Investment Fund., Project
4.473
13,882
25,000
27,227
206,779
5,691
16,165
23,000
364,742
(4.473)
(13.88?)
{?5.000)
(27.?27)
(?06.780)
(5,691)
(16,165)
(?3,000)
14,293
(379,035)
14.294
686.959
322,?18
(379,035)
The Universal Youth Work fund is a distinct educational proce8s adapted across a variety of settings to
support a young person's personal. social and educational development, It aims to achieve this by exploring
their values, beliefs and issues. enabling them to develop their voice, influence and place in society. Ii
facilitates the learning of a set of practical and lechnical ski115 and competencies that enable them to realise
their full potential.
The Sheffield Community Champions funding programme assists volunteers whose role is to support people
to eat healthily, be physicallly active and improve their mental well-being.
The Employability Ski118 Fund supports services which have been developed to address and identify the
specific needi* of people in Sheffield who are unemployed or economically indctive, leading to employment
opportunities, education or training. It provides a bespoke employment support service for people who
require additional support to access the labour M￿ket.
The Holiday and Food Fund (HAF) is a programme of grant .8UPPOrt to assist with the co-ordination of free
holiday provision including healthy food and enriching activities for eligible children.
The UK Shared Prosperity Fund is used lo provide a programme of support in the fonn of infonnation,
employment advice and guidance to Hong Kong nationals.
Sheffield City Council on behalf of the South Yorkshire Local Authorities was successful in two bids for two
European Social Fund projects: Paihways to Success and Ambition.The Pathways to Success programme
delivers European Social Funding priority 1.4 (adults aged 18+), active inclusion. with a view to promoting
equal opportunities and active participalion and improving employability.
The Youth Investment Fund supports the building of a new three storey community centre at Highfield
Adventure Playground, Crowther Place. Sheffield. S7 1 BJ
Page 26

Sharrow Community Forum Limited
(A company limitsd by guarantee)
Notes to the financial statements
for the year ended 31 March 2024
. continued
18
APB Ethical Standards
In common with many organisations of this size and nature, Sharrow Community Forum
uses its independent auditor to prepare the financial statements and for advice on tax
compliance issues.
Page 27