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2025-08-31-accounts

Docusign EnvelopÈ ID". 86DC9081-A771-8DDE-80F34443469977DO Commercial in Confidence Sheffield United Community Foundation Limited Annual Report For the year ended 31 August 2025 Company no 06736385 Charity no 1126620

Docusign Envelope ID: 86DC9081-A771-8DDE-80F3-4443469977D0

Sheffield United Community Foundation Limited Annual Report for the year ended 31 August 2025

Commercial in Confidence

Index to the financial statements

LEGAL AND ADMINISTRATIVE DETAILS

A Charitable Company Limited by Guarantee

Company registration number: 06736385 Charity registration number: 1126620 Registered office: Sheffield United Football Club Bramall Lane Cherry Street SHEFFIELD South Yorkshire S2 4SU Trustees: D Baker (Chairman) P S Flower B J Simpson-Lyons M D Monteiro (resigned 26 March 2026) L Clarke N Sheppard D Andrew P M Fielder S Hancock A Little A Chadwick J N Wragg Bankers: Santander UK plc Merrion Court 44 Merrion Street LEEDS LS2 8JQ Auditor: Grant Thornton UK LLP Chartered Accountants & Statutory Auditor 1 Holly Street Sheffield South Yorkshire S1 2GT

Company no 06736385 Charity no 1126620

Docusign Envelope ID: 86DC9081-A771-8DDE-80F3-4443469977D0 Sheffield United Community Foundation Limited Annual Report for the year ended 31 August 2025

Commercial in Confidence

Index to the financial statements

Trustees report 1 – 5
Independent auditor's report 6 – 9
Statement of financial activities (incorporating the
income and expenditure account) 10
Balance sheet 11
Statement of cash flows 12
Notes to the financial statements 13 – 20

Company no 06736385 Charity no 1126620

Docusign Envelope ID: 86DC9081-A771-8DDE-80F3-4443469977D0

Sheffield United Community Foundation Limited Annual Report for the year ended 31 August 2025

1

Commercial in Confidence

Trustees report

The trustees (who are also directors of the charity for the purposes of the Companies Act) present their annual report together with the financial statements of Sheffield United Community Foundation Limited (the charitable company) for the year ended 31 August 2025. The Trustees confirm that the annual report and financial statements of the company comply with the current statutory requirements, the requirements of the company's governing document and the applicable United Kingdom accounting standards including 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 1 January 2019) – (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

The Trustees report also includes the directors' report as required by company law.

Structure, governance and management

Constitution

Sheffield United Community Foundation Limited ("the charitable company") is a company Limited by guarantee, which is governed by memorandum and articles of association dated 29 October 2008 and is a registered charity.

The company was registered as a charity on 10 November 2008.

These financial statements present the financial position as at 31 August 2025, and the result for the year then ended.

Method of appointment or election of trustees

The management of the company is the responsibility of the trustees who are elected and co-opted under the terms of the Articles of Association.

The Articles of Association allow The Sheffield United Football Club Limited to nominate no less than 50% of the total number of trustees on the board at all times.

At the first annual general meeting held on 25 May 2009 all of the trustees were required to retire for reappointment. At each subsequent annual general meeting one third of the trustees shall retire for reappointment by rotation.

Induction and training of trustees

The trustees are mindful of their duties in connection with the induction and training for trustees and appropriate steps have been taken. They also have regard to the Charity Commission's guidance on public benefit.

Trustees

All of the trustees served throughout the year, except where otherwise stated:

D Baker, Chairman P S Flower G Saville (resigned 27 March 2025) B J Simpson-Lyons M D Monteiro L Clarke N Sheppard D Andrew (appointed 16 September 2024) P M Fielder (appointed 17 September 2024) S Hancock (appointed 11 September 2024) A Little (appointed 17 September 2024) A Chadwick (appointed 3 June 2025) J N Wragg (appointed 7 July 2025)

Company no 06736385 Charity no 1126620

Docusign Envelope ID: 86DC9081-A771-8DDE-80F3-4443469977D0

Sheffield United Community Foundation Limited Annual Report for the year ended 31 August 2025

2

Commercial in Confidence

Trustees report

During the year the charitable company provided its trustees with third party indemnity insurance.

Risk management

The trustees have assessed the major risks to which the company is exposed, in particular those related to the operations and finances of the foundation and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks.

The Trustees have identified the following principal risks and uncertainties affecting the Foundation:

Pay and remuneration of the charity’s key management personnel

The Foundation’s arrangements for setting the pay and remuneration of key management personnel are overseen by the Board of Trustees. Salaries are benchmarked against recognised sector comparators, including national football club charity data and local charity sector data. This ensures that remuneration remains fair, transparent and proportionate to the scale and complexity of the Foundation’s work. The Chief Executive’s remuneration is reviewed by the Chair of Trustees, with reference to organisational performance, delivery outcomes and external benchmarks. No individual takes part in discussions relating to their own pay. Volunteers, whilst fundamental to the organisation for all their work, are not significant in number to our operations and therefore do not form part of remuneration considerations.

Policies and objectives

Sheffield United Community Foundation operates for the public benefit, primarily serving residents of the Sheffield City Region.

The Foundation’s vision is:

A Healthy, Empowered, Inclusive Community.

The Foundation’s Mission is:

Harnessing the power of Sheffield United Football Club, we deliver bespoke programmes that tackle inequalities and provide opportunities to improve lives and strengthen communities.

Going concern

The Trustees are satisfied, after appropriate enquiries, that the Foundation has sufficient resources to continue operations for at least 12 months from the date of signing the financial statements. Accordingly, the financial statements have been prepared on a going concern basis.

Strong performance in Education and Employability, together with new initiatives in Communities and Wellbeing, has maintained a robust cash position. The Trustees are confident that no material uncertainties exist regarding the Foundation’s ability to continue as a going concern.

Looking ahead, the Foundation will continue expanding its work across Education, Employability and Community Wellbeing. Key priorities include scaling targeted mental health support, enhancing pathways for young people facing disadvantage, and strengthening partnerships with local authorities, schools and health organisations. Learning from

Company no 06736385 Charity no 1126620

Docusign Envelope ID: 86DC9081-A771-8DDE-80F3-4443469977D0

Sheffield United Community Foundation Limited Annual Report for the year ended 31 August 2025

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Commercial in Confidence

Trustees report

delivery in the year, particularly the importance of early intervention support and digital accessibility has informed our future focus and resource planning. Over the next 12 to 24 months we will work to broaden reach across underserved communities, diversify income, and invest in staff capacity to support sustainable impact.

Achievements and performance

Review of activities

Overview

Operations continued from the Head Office at Blades Business Hub, Bramall Lane Stadium, with additional use of stadium facilities for programme delivery. Across 85 citywide sites, programmes were accessible within a 10-minute travel radius, supporting participant engagement and environmental sustainability. The Senior Leadership Team oversaw 26 programmes (2024: 26) aligned with the strategic plan, covering Accessibility & Inclusion, Community Engagement, Education & Skills, Employability & Training, Health & Wellbeing, and Sport & Physical Activity. In 2024/25, the Foundation engaged 9,676 individuals (2024: 14,328), reaching all 28 Sheffield wards.

Financial Performance Overview

The Foundation concluded the financial year with a net surplus of £121,401, significantly outperforming the budget deficit of £24,063. This result reflects prudent financial management and effective cost control across the organisation’s operations.

The primary financial KPI monitored by Trustees is net unrestricted income, which provides an indicator of the Foundation’s financial resilience and ability to invest in future programmes. Additional KPIs include total income secured from grants and contracts, and unrestricted reserves at year end.

Income Overview

Total income for the year amounted to £2,530,545, falling short of the budget by £32,531.

While several projects underperformed budget, most notably the Study Programme, others such as the Lottery, Football Camps, and the Disability programme exceeded expectations, helping to mitigate the overall shortfall.

Expenditure Summary

Total expenditure was £2,409,145, which was £184,344 below budget. Savings were achieved primarily through reduced payroll and operational costs, with notable underspending on projects such as Active Through Football and Football Camps.

Net Income Before Transfers: £121,400

Transfers Between Funds: Not formally journalled, unrestricted fund used where restricted project funds have been fully utilised for the period; manual allocations noted net movement in funds: Unrestricted: (£45,708) Restricted: £45,708.

Fund Balances

At year-end, total funds carried forward stood at £1,266,809, comprising a mix of Unrestricted Funds of £1,101,310 and Restricted Funds of £165,499.

The Foundation maintains a healthy reserve position, with unrestricted reserves covering approximately 5 months of operational activity.

Financial Sustainability and Impact

The Foundation demonstrated strong financial resilience and sustainability. Despite income shortfalls in some areas, strategic cost management and high-performing projects contributed to a positive financial outcome. The surplus supports continued investment in community engagement, education, and health initiatives, reinforcing the Foundation’s mission and long-term viability.

Company no 06736385 Charity no 1126620

Docusign Envelope ID: 86DC9081-A771-8DDE-80F3-4443469977D0

Sheffield United Community Foundation Limited Annual Report for the year ended 31 August 2025

4

Commercial in Confidence

Trustees report

Trustees

Changes to the Board during the year included:

As of September 2025, the Board comprises 12 Trustees.

Volunteers

The Foundation benefits from a small number of volunteers; however, their contribution is not material to the scale of our operations. For this reason, volunteer time is not included within the Statement of Financial Activities.

Performance Overview

Education & Employability

In the 2024/25 academic year, the Study programme enrolled 157 learners, a slight increase from 154 in the previous year. The E-Sports programme saw notable growth, with 41 learners compared to 25 in 2024. Higher Education also expanded, with 51 learners enrolled, up from 44 the year before. The Probation project engaged 36 offenders during the year. Premier League Inspires reached 90 pupils across three schools, down from 162 pupils across six schools in 2024. Youth Hubs supported 196 young people aged 18 to 25 on Universal Credit, increasing the previous year’s figure of 187. Nature Based Blades engaged with 103 young people across 3 secondary schools in 24-25 with Extra-Curricular Primary School activity engaging with a further 664 pupils across the year.

Communities & Wellbeing

During the 2024/25 reporting period, the Healthy Fans Healthy Futures initiative engaged 512 participants, up from 476 the previous year. Football Camps attracted 1,694 unique participants, including 418 girls, with a total attendance of 5,962, of which 954 were girls. The Premier League Kicks programme supported 1,148 young people, an increase from 1,008 in 2024. The Joy of Moving programme reached 3,032 children across 31 primary schools, nearly doubling its reach from 1,585 children the previous year. Premier League Primary Stars supported 93 teachers (2024: 80), delivered 12 mass participation events (2024: 11), and engaged 1,482 unique individuals. Active Through Football saw participation maintained at 100 individuals, also 100 in 2024 while the Empower Women and Girls programme saw 190 attendees during the delivery year. Additionally, the Grassroots Women and Girls Football programme provided support to 15 teams and is now recognised as the largest girls-only football club in the region.

Incoming Resources

The Foundation achieved total income of £2,530,545 ( 2024: £2,085,894 ), an increase of 21% from the previous year. This was derived from:

Donations of £109,236 (2024: £100,394), reflecting an increase of 9%.

Engagement Activities £2,421,309 (2024: £1,985,500) . Consisting of £1,664,269 from unrestricted funds and £757,040 from restricted funds.

Expenditure

Total expenditure amounted to £2,409,145 ( 2024: £2,310,630 ), with resources expended as follows:

Youth Engagement Activities: £2,409,145 split between unrestricted £1,717,902 and restricted £691,243 funds.

The 4% increase in total expenditure reflects the scaling of activities to meet increasing community needs and the continuation of targeted programmes supported by restricted funding.

Company no 06736385 Charity no 1126620

Docusign Envelope ID: 86DC9081-A771-8DDE-80F3-4443469977D0

Sheffield United Community Foundation Limited Annual Report for the year ended 31 August 2025

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Commercial in Confidence

Trustees report

Net Income and Transfers

Net income before transfers stood at £121,400 (2024: Net expenditure £224,736). Following transfers between funds of £45,708, the net movement in funds for the year was split as follows:

Unrestricted Funds: £9,395 Restricted Funds: £112,005

Fund Balances

The Foundation carried forward total funds of £1,266,809 as of 31 August 2025, compared to £1,145,409 in the prior year. This comprises:

Unrestricted Funds: £1,101,310 (2024: £1,091,915) Restricted Funds: £165,499 (2024: £53,494)

The increase in restricted funds is attributed to the addition of more restricted projects in the period. Unrestricted reserves continue to provide a strong financial foundation for future operations.

Financial Sustainability and Impact

The Trustees remain committed to ensuring the long-term sustainability of the Foundation’s activities. The organisation has built on the prior periods robust financial position, with unrestricted reserves of £1,101,310, ensuring resilience against future challenges and supporting the delivery of impactful programmes.

This financial performance highlights the Foundation’s ability to adapt and grow while maintaining a clear focus on community engagement, youth support, and sustainability.

Fund Raising

The Foundation complies with the Charities (Protection and Social Investment) Act 2016 in relation to fundraising. No professional fundraising agencies are used, and the Foundation does not undertake unsolicited public fundraising. All fundraising is conducted by Foundation staff, primarily through grant applications, corporate partnerships and community-based initiatives. No fundraising complaints were received during the year, and the Trustees are satisfied that fundraising practices protect supporters, beneficiaries and the public from unreasonable intrusion or undue pressure.

Club Relationship

The partnership with Sheffield United Football Club remains strong. As of 2025, Club staff held six Trustee positions (50% of the Board). Collaboration extended across Commercial, Facilities, Academy, Finance, Women's and Girls Football alongside existing relationships that champion Equality, Diversity & Inclusion, matchday engagement, and safeguarding.

Reserves Policy

The Foundation’s policy is to retain free reserves at a level which provides adequate working capital and allows it to meet its anticipated commitments in the short and medium term. For this purpose, free reserves are defined as total reserves less restricted reserves. It is considered that free reserves to cover a three-month period are sufficient with a maximum free reserve of six months. The current level of free reserve stands at £1,101,309, which equates to approximately 4.4 months operating costs.

Conclusion

After a successful 2023/24, the Foundation built its momentum with another year of meaningful progress toward a healthy, empowered, and inclusive community. Guided by strong governance and strategic foresight, it expanded its work through innovative programmes that improved access and deepened long-term impact.

Company no 06736385 Charity no 1126620

Docusign Envelope ID: 86DC9081-A771-8DDE-80F3-4443469977D0

Sheffield United Community Foundation Limited Annual Report for the year ended 31 August 2025

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Commercial in Confidence

Trustees report

Statement of trustees' responsibilities

The trustees (who are also directors of Sheffield United Community Foundation Limited for the purposes of company law) are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees confirm that:

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website.

Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Small companies note

In preparing this report, the Trustees have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

D Baker Chairman and Trustee

22/5/2026 Date:

Company no 06736385 Charity no 1126620

Docusign Envelope ID: 86DC9081-A771-8DDE-80F3-4443469977D0

Sheffield United Community Foundation Limited Annual Report for the year ended 31 August 2025

7

Commercial in Confidence

Independent Auditor's report to the trustees of Sheffield United Community Foundation Limited

Opinion

We have audited the financial statements of Sheffield United Community Foundation Limited (the ‘charitable company’) for the year ended 31 August 2025, which comprise the Statement of Financial Activities, Balance sheet, Statement of Cash Flow and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102; The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We have been appointed as auditor under the Companies Act 2006 and report in accordance with regulations made under that Act. 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 charitable company 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 responsibilities in accordance 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

We are responsible for concluding on the appropriateness of the trustees’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charitable company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify the auditor’s opinion. Our conclusions are based on the audit evidence obtained up to the date of our report. However, future events or conditions may cause the company to cease to continue as a going concern.

In our evaluation of the trustees’ conclusions, we considered the inherent risks associated with the charitable company’s business model including effects arising from ongoing inflationary pressures, we assessed and challenged the reasonableness of estimates made by the trustees and the related disclosures and analysed how those risks might affect the charitable company’s financial resources or ability to continue operations over the going concern period.

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company’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 information

The other information comprises the information included in the Annual Report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the Annual Report.

Company no 06736385 Charity no 1126620

Docusign Envelope ID: 86DC9081-A771-8DDE-80F3-4443469977D0

Sheffield United Community Foundation Limited Annual Report for the year ended 31 August 2025

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Independent Auditor's report to the trustees of Sheffield United Community Foundation Limited

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matter on which we are required to report under the Companies Act 2006

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees Report or the Directors’ Report included in the Annual Report.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Trustees' Responsibilities Statement set out on page 6, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Company no 06736385 Charity no 1126620

Docusign Envelope ID: 86DC9081-A771-8DDE-80F3-4443469977D0

Sheffield United Community Foundation Limited Annual Report for the year ended 31 August 2025

9

Commercial in Confidence

Independent Auditor's report to the trustees of Sheffield United Community Foundation Limited

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our 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 material misstatement when it exists.

Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below:

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Company no 06736385 Charity no 1126620

Docusign Envelope ID: 86DC9081-A771-8DDE-80F3-4443469977D0

Sheffield United Community Foundation Limited Annual Report for the year ended 31 August 2025

10

Commercial in Confidence

Independent Auditor's report to the trustees of Sheffield United Community Foundation Limited

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Gillian Hobbs

Senior Statutory Auditor for and on behalf of Grant Thornton UK LLP Statutory Auditor, Chartered Accountants Sheffield Date: 22/5/2026

Company no 06736385 Charity no 1126620

Docusign Envelope ID: 86DC9081-A771-8DDE-80F3-4443469977D0

Sheffield United Community Foundation Limited Annual Report for the year ended 31 August 2025

11

Commercial in Confidence

Statement of financial activities (incorporating the income and expenditure account)

Note
Incoming Resources
Donations
Engagement activities
Total income
4
Expenditure
Resources expended
Youth engagement activities
Total expenditure
5
Net income before transfers
Transfers between funds
13
Net movement in funds
Total funds brought forward
13
Fund balances carried forward at 31 August 2025
13		 Unrestricted
funds
£
108,736
1,664,269
1,773,005
(1,717,902)
(1,717,902)
55,103
(45,708)
9,395
1,091,915
1,101,310		 Restricted
funds
£
500
757,040
757,540
(691,243)
(691,243)
66,297
45,708
112,005
53,494
165,499		 Total funds
2025
£
109,236
2,421,309
2,530,545
(2,409,145)
(2,409,145)
121,400
-
121,400
1,145,409
1,266,809		 Total funds
2024
£
100,394
1,985,500		 Total funds
2024
£
100,394
1,985,500
2,085,894
(2,310,630)
(2,310,630)
(224,736)
-
(224,736)
1,370,145
1,145,409

All activities are classed as continuing.

The accompanying accounting policies and notes form an integral part of these financial statements.

Company no 06736385 Charity no 1126620

Docusign Envelope ID: 86DC9081-A771-8DDE-80F3-4443469977D0

Sheffield United Community Foundation Limited Annual Report for the year ended 31 August 2025

12

Commercial in Confidence

Balance sheet (registered number: 06736385)

Note
Fixed assets
Tangible assets
8
Current assets
Debtors
9
Cash at bank and in hand
Creditors: amounts falling due within one year
10
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after more than one year
11
Net assets
14
Charity funds
Restricted funds
13
Unrestricted funds
13		 2025
£
87,085
704,887
855,848
1,560,735
(380,830)
1,179,905
1,266,990
(181)
1,266,809
165,499
1,101,310
1,266,809		 2024
£
115,445
413,247
958,274
1,371,521
(341,090)
1,030,431
1,145,876
(467)
1,145,409
53,494
1,091,915
1,145,409

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements were approved by the trustees on

22/5/2026

and signed on their behalf by:

D Baker Chairman and Trustee

The accompanying accounting policies and notes form an integral part of these financial statements.

Company no 06736385 Charity no 1126620

Docusign Envelope ID: 86DC9081-A771-8DDE-80F3-4443469977D0

Sheffield United Community Foundation Limited Annual Report for the year ended 31 August 2025

13

Commercial in Confidence

Statement of cash flows

Cash flows from operating activities
Adjustment for:
Depreciation
Decrease/(increase) in debtors
Increase in creditors
Gain/(loss) on disposal of fixed assets
Net cash generated from operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Proceeds from disposal of fixed assets
Change in cash and cash equivalents in the reporting period
Cash flows from financing activities
Obligations under finance lease
Change in cash in the year
Cash and cash equivalents brought forward
Cash and cash equivalents carried forward		 2025
£
121,400
53,442
(291,640)
39,764
-
(77,034)
(25,082)
-
(25,082)
(310)
(102,426)
958,274
855,848		 2024
£
(224,736)
41,586
81,918
95,914
(30)
(5,348)
(61,465)
31
(61,434)
(684)
67,466
1,025,740
958,274

The accompanying accounting policies and notes form an integral part of these financial statements.

Company no 06736385 Charity no 1126620

Docusign Envelope ID: 86DC9081-A771-8DDE-80F3-4443469977D0

Sheffield United Community Foundation Limited Annual Report for the year ended 31 August 2025

14

Commercial in Confidence

1

Notes to the financial statements

Company information

Sheffield United Community Foundation Limited is a registered charity and company limited by guarantee. The registered office is Sheffield United Football Club, Bramall Lane, Cherry Street, Sheffield, South Yorkshire, S2 4SU. The charitable company is incorporated in England and Wales.

2 Basis of preparation

The financial statements have been prepared under the historical cost convention. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) – (Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the provisions of FRS102 Section 1Asmall entities and the Companies Act 2006.

The financial statements are presented in pounds sterling (£).

Company status

The company is a company Limited by guarantee. In the event of the company being wound up, the liability in respect of the guarantee is Limited to £10 per member of the company. The members of the company are the Board of Trustees.

Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Income

All incoming resources are included in the Statement of financial activities when the company has entitlement to the funds, certainty of receipt and the amount can be measured with sufficient reliability.

Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold. Donated facilities are included at the value to the company where this can be quantified and a third party is bearing the cost. No amounts are included in the financial statements for services donated by volunteers.

Donated services or facilities, which comprise donated services, are included in income at a valuation which is an estimate of the financial cost borne by the donor where such a cost is quantifiable and measurable. No income is recognised where there is no financial cost borne by a third party.

Income from government and other grants is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Expenditure

All expenditure is accounted for on an accruals basis and has been included under expenses categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of the resources.

Support costs are those incurred directly in support of expenditure on the objects of the charity.

Governance costs are those costs incurred in connection with the administration of the charity and compliance with constitutional and statutory requirements.

Company no 06736385 Charity no 1126620

Docusign Envelope ID: 86DC9081-A771-8DDE-80F3-4443469977D0

Sheffield United Community Foundation Limited Annual Report for the year ended 31 August 2025

15

Commercial in Confidence

3

Notes to the financial statements

Tangible fixed assets and depreciation

Tangible fixed assets costing £100 or more are capitalised at cost. Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor vehicles - 25% straight line Fixtures & fittings - 25% straight line Gaming Computers - 33% straight line

Irrecoverable Value Added Tax

The Foundation is unable to recover the Value Added Taxation charged on its purchases. The irrecoverable amount is charged to the statement of financial activities.

Taxation

As a registered charity the company is exempt from taxation on its income and gains to the extent that they are applied for its charitable purposes.

Retirement benefits

Defined contribution pension schemes

The pension costs charged in the year represents the amount of the contributions payable to the schemes in respect of the accounting year.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Going concern

After making appropriate enquiries, the trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future being a period of 12 months from the point of signing the financial statements. The forecast has been prepared to August 2027. For this reason, they continue to adopt the going concern basis in preparing the financial statements. In addition, with continued growth in the Education and Employability department, and new developments in the Communities and Wellbeing department, the Foundation has maintained a strong cash position, which gives confidence to the trustees to deem it appropriate to prepare the financial statements on a going concern basis. The trustees believe that there are no material uncertainties which may cast doubt over the Foundations ability to continue as a going concern.

Significant judgements and estimates

Preparation of the financial statements requires management to make significant judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. The recognition of income from grants, including their classification as restricted, involves judgement as to whether performance or other entitlement commitments have been met.

Company no 06736385 Charity no 1126620

Docusign Envelope ID: 86DC9081-A771-8DDE-80F3-4443469977D0

Sheffield United Community Foundation Limited Annual Report for the year ended 31 August 2025

16

Commercial in Confidence

4 Income received

Notes to the financial statements

Donations
Head Office
Memory Lane
SUSA Lottery
Grants receivable
Active Through Football
Fans Fund
Football Camps
Foundation Degree
Head Office
Healthy Fans Healthy Futures
Joy of Moving
Nature Based Blades
NCS
Premier League Inspires
Premier League Kicks Programme
Premier League Primary Stars
Skills Booster
Universal Youth Grant
Welcome Through Football
Project income
Chesterfield College
Inclusive Sport Programme
Empower LGBT+
Empower Women & Girls
E-Sports
Extra-Curricular Primary
Football Camps
Football Development
Foundation Degree
Grassroots Women & Girls
Head Office
Healthy Fans Healthy Futures
Memory Lane
Nature Based Blades
NCS
Premier League Inspires
Premier League Kicks Programme
Premier League Primary Stars
Probation
Street Soccer
Study Programme
SUSA Lottery
Youth Hub
Total income		 Unrestricted
funds
2025
£
99
-
108,637		 Restricted
funds
2025
£
-
500
-		 Total funds
2025
£
99
500
108,637		 Total funds
2024
£
-
-
100,394
108,736
-
-
20,840
143,575
101,981
-
-
-
78,564
-
-
-
-
-
-		 500
81,550
35,000
33,766
-
16,442
90,083
30,844
38,333
-
50,000
132,256
75,000
-
70,279
-		 109,236
81,550
35,000
54,606
143,575
118,423
90,083
30,844
38,333
78,564
50,000
132,256
75,000
-
70,279
-		 100,394
96,250
-
53,134
109,900
115,000
19,167
22,169
19,167
18,840
48,497
129,586
75,000
2,055
28,796
(15,044)
344,960
45,777
102,222
-
-
183,714
41,923
121,861
1,265
2,150
-
8,392
-
-
-
-
26,250
-
51,210
1,250
-
608,577
38,715
86,003		 653,553
-
-
-
3,800
-
-
-
-
-
32,245
-
30,000
-
20,334
-
-
17,108
-
-
-
-
-
-		 998,513
45,777
102,222
-
3,800
183,714
41,923
121,861
1,265
2,150
32,245
8,392
30,000
-
20,334
-
26,250
17,108
51,210
1,250
-
608,577
38,715
86,003		 722,517
-
-
1,390
-
127,938
50,370
158,442
-
3,640
30,736
15,915
10,000
1,000
6,666
56,428
37,309
5,130
64,707
3,250
1,737
627,280
-
61,045
1,319,309
1,773,005		 103,487
757,540		 1,422,796
2,530,545		 1,262,983
2,085,894

Company no 06736385 Charity no 1126620

Docusign Envelope ID: 86DC9081-A771-8DDE-80F3-4443469977D0

Sheffield United Community Foundation Limited Annual Report for the year ended 31 August 2025

17

Commercial in Confidence

Notes to the financial statements

5

Resources expended

Youth engagement activities Direct
£
599,289		 Support costs
Salary Overheads
£
£
1,533,362
243,734		 Governance
£
32,760		 Total
Total
2025
2024
£
£
2,409,145
2,310,630

Net income

This is stated after charging:
Depreciation of tangible fixed assets
Depreciation of finance leases
Audit of financial statements		 2025
2024
£
£
53,131
40,927
311
659
32,760
31,200

During the year, no trustees received any remuneration or benefit in kind (2024: £nil). During the year, no trustees received any reimbursement of expenses (2024: £nil). The Audit fee is inclusive of VAT.

7

Staff costs

Staff costs were as follows:
Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the period was as follows:		 2025
£
1,368,465
131,832
33,065
1,533,362
2025
No.
50		 2024
£
1,305,125
102,726
29,865
1,437,716
2024
No.
49

No (2024: One) employee received total employee benefits within the band £60,000 to £70,000.

One (2024: No) employee received total employee benefits within the band £70,000 to £80,000.

Key management personnel

Key management personnel within the charitable company are defined as the Chief Executive Officer and the Chief Operating Officer.

The total cost of employment in respect of the key management personnel was £139,941 (2024: £134,617) (including employer national insurance contributions and employer’s pension contributions).

Company no 06736385 Charity no 1126620

Docusign Envelope ID: 86DC9081-A771-8DDE-80F3-4443469977D0

Sheffield United Community Foundation Limited Annual Report for the year ended 31 August 2025

18

Commercial in Confidence

8

Notes to the financial statements

Tangible fixed assets

Cost
At 1 September 2024
Additions
Disposals
At 31 August 2025
Depreciation
At 1 September 2024
Charge for the year
Eliminated on disposals
At 31 August 2025
Net book amount
At 31 August 2025
At 31 August 2024		 Motor
vehicles
£
23,850
-
-
23,850
23,850
-
-
23,850
-
-		 Fixtures
& fittings
£
228,763
25,082
-
253,845
113,318
53,442
-
166,760
87,085
115,445		 Total
£
252,613
25,082
-
277,695
137,168
53,442
-
190,610
87,085
115,445

Tangible Fixed Assets includes one additional asset held at under finance lease with a net book value of £466 (2024: £777) .

9

10

Debtors

Trade debtors
Other debtors
Prepayments and accrued income
Creditors: amounts falling due within one year
Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income
Obligations under finance leases		 2025
£
165,022
494
539,371
704,887
2025
£
231,572
39,405
371
109,223
259
380,830		 2024
£
35,954
2,508
374,785
413,247
2024
£
56,278
32,636
842
251,050
284
341,090

Creditors: amounts falling due within one year

Company no 06736385 Charity no 1126620

Docusign Envelope ID: 86DC9081-A771-8DDE-80F3-4443469977D0

Sheffield United Community Foundation Limited Annual Report for the year ended 31 August 2025

19

Commercial in Confidence

Notes to the financial statements

Creditors: amounts falling due within one year (continued)

Accruals and deferred income detail
Accruals
Deferred income
Grassroots Women & Girls
Healthy Fans Healthy Futures
Universal Youth Grant
Extra-Curricular Primary
Foundation Degree
11
Creditors: amounts falling due after more than one year
Obligations under finance leases
12
Obligations under finance lease
Obligations under finance leases within one year
Obligations under finance leases due after more than one year		 2025
£
105,386
-
-
-
2,457
1,380
109,223
2025
£
181
2025
£
259
181
440		 2024
£
185,440
700
23,000
40,314
1,596
-
251,050
2024
£
467
2024
£
284
467
751

Company no 06736385 Charity no 1126620

Docusign Envelope ID: 86DC9081-A771-8DDE-80F3-4443469977D0

Sheffield United Community Foundation Limited Annual Report for the year ended 31 August 2025

20

Commercial in Confidence

Notes to the financial statements

13 Statement of funds

Unrestricted funds
General funds
Restricted funds
Restricted funds
Total funds		 Brought
forward
£
1,091,915
53,494		 Incoming
resources
£
1,773,004
757,541
2,530,545		 Resources
expended
£
(1,717,901)
(691,244)		 Transfer *
£
(45,708)
45,708
-		 Carried
Forward
£
1,101,310
165,499
1,145,409 (2,409,145) 1,266,809

Restricted funds

The restricted income carried forward at 31 August 2025 is made up as follows:

Active Through Football
Fans Fund
Grassroots Women & Girls
Healthy Fans Health Futures
Head Office
Joy of Moving
Memory Lane
Nature Based Blades
Premier League Inspires
Premier League Kicks Programme
Universal Youth Grant
Wembley		 £
30,563
7,942
7,556
35,121
2,951
13,170
3,776
18,435
754
11,915
31,257
2,059
165,499

14 Analysis of net assets between funds

Tangible fixed assets
Current assets
Creditors due within one year
Creditors due after more than one year		 Restricted
funds
2025
£
5,976
247,640
(88,117)
-
165,499		 Unrestricted
funds
2025
£
81,109
1,313,095
(292,713)
(181)
1,101,310		 Total funds
2025
£
87,085
1,560,735
(380,830)
(181)
1,266,809		 Total funds
2024
£
115,445
1,371,521
(341,090)
(467)
1,145,409

Company no 06736385 Charity no 1126620

Docusign Envelope ID: 86DC9081-A771-8DDE-80F3-4443469977D0

Sheffield United Community Foundation Limited Annual Report for the year ended 31 August 2025

21

Commercial in Confidence

Notes to the financial statements

15 Related party transactions

The related parties, through their relationship as Trustees of the Sheffield United Community Foundation Limited, are:

The Sheffield United Football Club Limited: The Company made sales of £Nil this year (2024: £92) . The Company incurred charges of £266,107 for accounting support and hire of facilities (2024: £143,783) . £Nil (2024: £4,747) of historic sales ledger balances are subject to a bad debt provision. £4,747 has been written off as bad debt in the year.

The related parties, through their relationship as employees of the Sheffield United Community Foundation Limited, are:

Sheffield United Supporters Association: The company received donations of £108,637 (2024: £100,394) . The company operates a payroll for SUSA and received £38,715 (2024: £49,961) for payroll and other costs relating to the SUSA Superdraw Lottery.

16 Capital commitments

There were no capital commitments at 31 August 2025 or 31 August 2024.

17 Subsequent events

M D Monteiro stepped down from his position as a trustee on 26 March 2026.

Company no 06736385 Charity no 1126620