2024-09-30-accounts

DocJAgn En¥EkyE ID." AF29E5EF-C7474975-B9D&966FA2E5C761 R•glstsrgd number: 07545536 Charity number: 1140947 SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED IA Company Limited by Guarantee) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

DogJfi Entsp& ID.. AF29ESEF-C7474975-BgDM88FA2E5C761 SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED A Company Limit•d by Guaranteel COIITENTS Page R8f•r•n¢o and Administrativ• D•tails of thè Company• Its Trust￿$ and Adviser* Chairfs Stat•rnant Trustsos. R•port 5-20 Ind•p•ndent Auditors. Report on the FINnclal Statsments 21-24 Statsmont of Flnanclal Acllvlllgs 25 Bolonce Sh••t Statsm•nt ol Cash Fl¢)ws 27 Notes to the Flnanclal Statsments 28-60

DO￿j61￿ Env91ope ID.. AF29E5EF4747497SB9D5.966FA2E5C761 SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITEO IA Company Limited by Guaranteel REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Dirnctors and Trusts•$ Professor Chris Booth-mayblin, Chair Darren Lrttlewood, Vice Chair from 22nd May 2024 lappoinled 1 S November 20231 Dr Julie Macdonald DL, Vice Chair (retired 26 April 2024) Alex Pettifer MBE. Vice Chair Zaidah Ahmed MBE lrets.red 26 April 2024) David Akeroyd (appointed 22 January 2024) Tim Bailey Rachael Blake Irewgned 10 December 2024} victoria Clarke Brown FCMA, CDir. Treasurer Reverend David Bussue (resigned 11 October 2023) Laurence Gavin (appointed 24 April 20241 Julie Gill lappoinled 22 January 2024 Adrian Kirk lappoinled 21 May 20241 Ylannis Koutsis OBE (resigned 13 October 20231 Melvyn Lunn FCA Iretired 26 April 20241 Craig McKay OL (retired 26 April 20241 Aref Mohammed Ir&signed 11 December 2023) Carole Diane O'Neill RGN JP Nick Pike David Price (appointed 26 November 20241 Professor Jaydip Ray DL lapp(Nnted 22 AAarch 20241 Martin R055 Melinda Schofield lappointed 10 January 20241 Tricia Smith Iresigned 22 October 20241 Guy Whitehead (appointed 12 April 20241 Company r•gS8t•r•d numbar 07545536 Charity r•gist•r•d numbor 1140947 RggS$terod officg High Gre&n Development Trust, The Campus Pack Horse Lane High Green Sheffield South Yorkshire S35 3HY Chlef exeeutlve offlcer Ruth E Willis MCIH FRSA Ind•p•ndent •udStors Shorts Chartered Accountants Cedar House 63 Napier Street Sheffield South Yorkshire S11 8HA Page 1

DOC￿81￿ Envehjpe ID.. AFZ9E5EF-C7474975-B9D&966FA2E8C761 SOUTH YORKSHIRE COIAMUNITY FOUNDATION LIMITED IA Company Limited by Guaranto01 REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2024 Bankors CAF Bank LTD Virgin Money Invgstment Advisor Inveslec Wealth & Investment Limited Honorary Offleèrn The$e positions are honorary positions and do not have attendant govemance responsibilities. Presldent Profe5SOT Dame Hilary A Chapman DBE RN- H.M. L4yd-Lieutenant of South Yorkshire President Emgritus David Moody CVO Andrew J Coombe, CVO CSU Vl¢e Pmsld6nts Jonathan Hunt OBE TD DL Lady Neill DL Honorary Vice Presidents Bishop of Sheffield Bishop of Doncaster Bishop of Hallam Bishop of Wakefield High Sheriff of South Yorkshire Mayor of Bamsley Mayor of Doncaster Mayoi of Rotheiham Lord Mayor of Sheffield Chair tsf the Methodist Church. Sheffield District Chair of South Yorkshire Muslim Community Forum Master Culler Chief Constable of South Yorf(shire South Yotl(shire Police and Crime Commissioner Chief Fire Officer, South Yorkshire Fire and Rescue Rabbi, United Synagogue Vice Chancellor. Sheffield Hallam University Hi5 Hot)orable Justyce Richardson KC Page 2

Docusign En¥elopo ID." AF29ESEF-c74749754905-￿FA2ESC76l SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED A Company Limitsd by Guarantee) CHAIR'S STATEMENT FOR THE YEAR ENDED 30 SEPTEMBER 2024 Our vision is to make a positive difference to South Yorkshire communilies, but post Covid the third sector has experienced challenging b"mes, the most recent of which is the cost of living crisi5. To help support community groups during these difficult times we distributed £1.5m of grant funding to 440 community groups. 132,000 b&nefiaaries. This has enabled SYCF lo help petsple in communities faang hardship and dlsadvanlage induding the young. the old. people wth disabilits"es, elhnic minority communities. the homeless, those mentsl health issues, those living wth dementia and their carers. a5 well as those in povety. In addition to our very successful grant fvnding programme5, we have also achieved some real milestones in delivering our strategi¢ plan. Like many charities, financial sustsinabilty has been a perennial problem for the Foundatson and therefore one of our key strategic priorities. Whilst we began the year wih a forecast deficit of £214k, we are delighteil lo report that we finished the year with a £39k surplus on unrestricted funds. During the year we have worked hard to addre$s financial sustainabilty and for the forthcoming year we have developed a bottom up budget. Thi$ ha$ been a major piece of work and will allow u$ lo better forecast income and monitor our different incomes streams. Other successes indude increasing our proflle. We are rightly proud to announce we havè developed a new web$ite, together wth new vide05 showcasing both our work and that of the communty groups we have supported. We also wll be further significanlly increasing our presence. acrcJSS all media. This has been achieved a new marketing and communications strategy vAth an increased focus on all aspects of marketing and communications. It is the 40th anniversary of SYCF in 2026. ￿1¢h provides the Foundab"on wth the opportunrty to further enhance our profile and wor* has already begun on this major project. This year has also seen us deliver 'Vital Sign5', which is a major iyece of research lo understand needg and priorities of communities across South Yorkshire. Vital Signs gives voice lo our cornmunilies and infomis the development of our grant funding programmes. such as our themed multi-year grant programmes. The 2021 Vital Signs report priori115ed young people and employability, and thi5 last year saw us delivering Year three of our themed grants programme, 'Moving On Up.. This grant programme specifically supports Drganisations working with young people of 14-30 years around employment and employability. The latest 2024 Vital Signs report has identffied Crime and Safety as 3 key priorty and, although its eafty days, we hope to use the findings lo develop another multi-year themed grants programme. Our strategy also prioritises building partner5hip5 and collaboration, and as a result relationships are now especially strong with the Mayoral Combined Aulhoiity. Sheffield University. Sheffield Hallam Universty, Sheffield City Counol, Bamsley MBC and the NHS. Our President Emeritu$. the former Lord Lieutenant of South yo￿$hIre, Andrew Combe, undertook a 360 degree feedback exercise with the four LAS on their perception of SYCF. Whilst such exerci5e5 can sometimes make uncomfortable reading, without feedback we cannot improve. The feedba¢k has enabled ug to remew vthat we do and how we do it.. in other words it will assist us in our ambition to build partnerships and support communitses auoss South Yorkshire. Finally, a word on governance and operations. As I have sald ￿vioUSly, Charities such a5 gurselve5 rnu5t a￿ayS demonslrale the very highest Standards of govemance at all limes. To assure effective govem¥n¢e and diversity, we undertook another skills audit of Trustees over the p851 year, vthich has enabled us to continue to refresh our Board and address succession planning. I'm delighted to say we have been able to recnjit eight new tru5tee5 wth a range of skills. including govemance, legal, business, management. digital, media and marketing. finance and community oryanisations, as well as increasing our diversity in lemis of gender, ethnicty, and age. The new Tru51ees have brought ¢urio$ily and fresh ideas and 85 a result contributed greatly lo taklng the organisab'on forward. The existing CEO, Ruth Willis. will retire at the end of May 2025 after 12 succe55ful years leading the organisalion and ￿lIdIng its reputation. Whilst Ruth'5 retirement will be a sad loss for the Foundation. we have very recenuy appointed her 5ucces50r. following 8 strong and competitive recruitment Campaign. The new CEO vJill join the Foundation in sprlng 2025. Pago 3

Dotsjslgn En%*l)pe ID.. AF29E5EF-C7474975-B9D&966FA2E5C761 SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED {A Company Limited by Guar3ntsèl CHAIR'S STATEMEMT ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEPJJBER 2024 Finally, I would like to pergonally thank our slaff, Trusteès, grant panel members, volunteers. our President. Presidenl Emeritus. Vice Presidents. and Honorary Vice Presidents for all their hard work, commiiment and support IhroughoLbt the year. Thank you loo, lo all our partneTS, fijnders, donors and other supporters vtho make everything that we do possible. Without everyone's continued contribution we would not to be able lo deliver for the people of South Yorkshire. $lqo¥Uby.' ,, ll￿$ hdL-W. cri￿￿J￿rA4&4#4 Profes$or Chris BOot1￿mayb11n Chair Date.. 25 March 2025 Page 4

DocusSgn En¥Eknpe ID.. AF29E5EF-C7474975-BgD&Sfj6FA2E5C761 SOUTPI YORKSHIRE COMMUNITY FOUNDATION LIMITED A Company Limited by Guarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2024 The Trustees present their annual report together with the audited finanaal statements of the Company for the financial year 1 October 2023 to 30 September 2024. The Annual Report seryes the purposes of both a Tru$tees' report and a directorg, ￿pOrt under company law. The Tru$lees confimi that the Annual Report and financial statemènts of the Charitable Company comply vnth the current statLrtory requirement$, the requirements of Ihe Charr(able Company's goveming document and the provisions of the Statement of Recommended Practice ISORPI applicable lo charities preparing their accounts in accordance wlh the FinancAal Repo￿ng Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191. Since the Company qualrfies as sm811 under section 382 of the Companies Act 2006. the Strategic Report required of medium and large companies under Ihe Companies Act 2006 (Strategic Rewt and Directors. Report) Regulations 2013 has been omitted. About Souih York$hlr• Communlty Foundatlon Llmfted ISYCFI Established 29th May 1986 under a Deed of Trust, SYCF is an independent grant making charity. SYCF is the largest grant giving charity in South Yorkshire and is part of a national ne￿ork. UK Community Foun(lation$ IUKCFI. of 47 community foundations. UKCF'$ central team assists and aids the development of individual community foundations throughout the UK. The fomiation of our policies and our operational pro¢edure$ are detem)ined by the Trustees in conjunctiot) with the executive ¥laff. SYCF supports the development of a strong Community Foundation presence throughout the UK and subscribes lo the qualty standards agreed befvfftn UKCF and the community foundab'on$ in the Network. SYCF currently holds the Quality Accredrtab"on for Community Foundab"ons version 5, Mthich was renewed in October 2021 and wil be reviewed again in 2024125. The charity promotes lasting tharitsble giving, by bringing together donoTS With their chosen c8uses. through well targeted grants that make a genuine differen¢e and impact on the lives of local people. 11 acts as a vehicle for individuals, families, funders and companies, who want to put something back into their Ioc81 communits'es, erther in their lrfetime or through leaving a legacy. Similar to having a charitable trust, but without the legal and administrative costs, donor5 can choose from a number of way5 to channel their charitable giving by setting up named lunds for the causes closest lo their hearts. For over 38 years, since 1986, SYCF has made grants of more than £37m lo community group5 and individuals across Barnsley. Doncaster, Rotherham and Sheffield. on behalf gf OUT donor5. Some grants are al$0 given out to individuals outside South Yorkshire, through national funds such as Deakin & Withers. for 4w)men suffering hardship. South Yorkshire Funding Advice Bureau ISYFAB), estsblished in 1993 and acquired by SYCF in January 2014, provides funding advice, website resources and training courses to small, grassroots communty groups across the region. SYFAB has secured ¢onlracts to ensure the sustainability of the seryice for the next 3 to 5 years. The Current Chief Executive, Ruth E Willis FRSA MCIH will retire at the end of May 202S. Her replacemenl, Martbn Singer, was appointed al Ihe end of September 2024. Page S

Docusiun Enveknp ID." AF29E5EF-C7474975-B9D&966FA2E5C761 SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED IA Company Limitad by Guar¥nteèl TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR EMDED 30 SEPTEMBER 2024 Obj8ctlvo8 and Actlvltlo9 . ObJe¢tlve$ and Activiti•8 SYCF is established under its Memorandum and Arbdes of Association, whith were reviewed and updated in April 2023, to promote any ¢harilable purpo$e$'. Principally for the benefit of the community in South Yorkshire And in exceptional circvmstsn¢es. throughout the United Kingdom and elsewhere and in parbcular (but wthout P￿lud1¢e to the generality of the frjregoingl, the advancement of education, the promotion of good health and the relief of pov&ty and Sickness. SYCF has three main aims.. TD help l¢xal people and businesses manage their charitable giving. To build stronger communities and enrich lives through awarding grants. To support the critical issue5 affe¢tOng our communities. The Memorandum and Arkn¢les of Agsoclalion were updated in April 2023 to reflect GDPR changes and the new 3-year term of office for Trustees. SYCF benefits the public by securing income for charitable grant programmes from the public and private sectors. and then distributes it as grants to support charitable and Gommunity activities. Grant programmes are estsblished and developed in line wlh the social needs of the local communities SYCF se￿eS, which are idents'fied via locally based Grant Panels, three yearfy Vrtal Signs Reports. research contracts and other research. Before any granl is made, the public benefits of the proposed activities are carefully assessed. The impact of SYCF'S grant making is then ieported lo fun¢Jers, donors. stakeholders. 5tsff and the Trustee5 as a measurement of achievement. SYCF produces an Impact Report every tAvo years in three. In 2021 a new 5-year Strategic Plan was developed, and a new set of objectives. mission and values were agreed by the Trustees. Our ambitions for the next five years are sel out in that strategy and wll be reviewed in October 2025. Our Vision Making a positsve difference in South Yorkshire's communllies. OUT Mls$lon To be the most impacttul, respected. trusted and sustainable funder of the volun18ry, community and social enterprise sector in South Yorkshire. Engaging wth donors, local people and strategic partners in programmes and projects that improve the quality of life for our communities and creatin9 healthier, safe and bettef places lo live. To be a catalyst for positive ehange. providing community leadership to help solve problems al a local level. Encouraging charitable giving for the benefit of the communities we serye. Our Values We are passionate about what we do - making a difference lo those in need across South Yorkshire. We care deeyy about all the people in our communities, our donors- wlhout whose generosity we could not do vh)al we do- and our team, ￿OSe delemiination to always do that little bll extra makes them exiraordinary. Pa￿8

OovJ81gn Envel)pe ID. AF29E5EF.C747497&BgDM66FA2E5C781 SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED IA Company Limitsd by Guarant••l TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 3fl SEPTEMBER 2024 ObJ•cllv•s and Actlvltles Icontlnuedl To achieve our Vi*on and Mission, in the next five years we will deploy our resources towards the following five strategi¢ objectives.. Implement new apwoaches to grant rna￿n9 induding themed programmes. based on a 'place based, approach and using our grant making to address urgent social need wlhin South YorkshiTe'$ communities. To become the 'go to, funder and partner ol choice for those wanting lo improve the quality of lives or communities. Produce our Vital Signs research and intelligence on a regular basis to inform our decision making and demonstrate our impact. In¢￿ase and adapt our ¢ollaboralion and partnership V￿rkIng wth stakeholders to become more impaetful. . Aim to bvild our en¢Jowmenl 19 £20m by 2030. In setting objectives and planning for advities, the Trustees have given due consideration to general guidance published by the Charrty Commission relating lo publi¢ benefil, including the guidance 'Public benefit.. Tunning a charity IPB21'. b. Publlc Ben•fit The TnJ5tee5 confirm that they have referred lo and complied ￿th the guidance set OLrt by the Charity Commission on public benefit. By adhering to the three main aims on page 6 and by making grants for the benefit ol communitses in need, in South Yorkshire. in the opinion of the Trustees, SYCF'S a¢tivities are for the public benefit. c. Governance SYCF is a charitable company limited by guarantee. Company No. 07545536 and is governed by its Memorandum and Articles of Association approved on 21 February 2011 and last updated en 19 April 2023. It is gistered charity No.1140947. SYCF has powers to appoint a President, Presidents Emeritus. Vice Presidents and Honorary Vice President5. The managing body is formed by the Trustees of SYCF. Each Tnjstee 1$ appointed at an Annual Gener81 Meeting to serve as both a member and a director of SYCF. The Trustees are the only member5 of SYCF. Trustees go through an induction programme when they join SYCF, vthi¢h includes the history of SYCF, its current programmes and plans and a yearly sGhedule of meetings. which they are expected to attend. They are given a comprehensive Trustee Handbook, vthi¢h contains The Essenb"al Trustee booklet from the Charfly Commission, the latest Audrted Trustees Report and Finanaal Stslements and the Trust Deeds and Memorandum and Articles of A55OClation of SYCF. A govemance diagram, mission statement, business plan. terms of feference of the variou5 committees, Staffing diagram and ou￿1ne job desGripb'on$, together wlh the various forms a new Trustee must complete to satisfy Charity Commission and Companies House regulations, are also made available to each new Trustee. All new Tru$tee$ are expected to attend a grant Panel as a part of their induction proce5$ to obtain a wder understsnding of their new role. Trustees are invited to participate in grant panels and lo attend other sub committee meets'ngs as part of their role. A Trustee Away Day, including key members of the staff team, take5 place annualty at ￿lch key aspects of SYCF'S future strategic development and business plans are discussed. Page 7

Docusign Enyalope ID.. AF29E5EF4747.4975.B90&*6FA2ESC761 SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED IA Company Limited by Gtsarant•èl TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2024 ObJoctlv¢s and Actlvlllg$ Icontinuedl d. Tiustses During the financial year there were four meetings of the Trustees. which received reports from five constlluled sub committees and any task and finish groups which had been established. The Trustees. who served in the year, are listed below with membership of the principal sub Committees indicated. Most Trustees also seNe on al least one area or speaal fund 9ranl panel. Two Trustees are also directors for the Key Fund and serve on their Board. ExecutNe Committèe IE) Grants Policy Committee IGPC) Investment Committee IICI Future Funds Committee IFFC) Key Fund IKFI The current Trustees of the ¢harrtable company are listed below, including those who seryed during the yeaT.' Professor Chris Booth-mayblin Dr Julia MacDonald DL Alex Pettifer Zaidah Ahmed MBE Tim Bailey Rachael Blake Victoria Clarke Brown FCMA, GDir Reverend David Bussue Yianni5 Koursis OBE Darren Littlewood Melvyn Lynn FCA Craig M¢Kay DL Aref Mohammed Carole Diane O'Neill RGN JP Nick Pike David Price Martin Ross Tricia Smith David Akeroyd Laurence Gavin Julie Gill Adrian Kirk Professor Jaydip Ray DL Melinda Jane Schofield Guy Whitehead Chair of Trustees and Chair of E and IC Vice Chair anrl Chair of GPC. E. FFG (retired 261h April 20241 Vlce Chair. Chair of FFC, IC (Tetired 26 Ayl 20241 Ic GPC Iresigned 1 Olh December 20241 IC, E ITreasurerl GPC Iresigned 11 October 2023) GPC, (resigned 10 October 20231 Vice Chair (from 22nd May 2024), E, FFC GPC, IC Irekn'red 26th April 20241, KF until yd December 2024 Irelired 26th April 20241 FFC I￿519ned 11 October 20231 Chair of GPC, E, FFC Chair of IC, E, KF from 121D February 2024 FFC (appointed 26 November 2024) FFC, E GPC, E (resigned 22 October 20241 (appointed 22 January 20241 lappointed 24 April 20241 IC (appointed 24 April 20241 GPC (appointed 21 May 20241 GPClappointed 22 January 20241 FFC lappointed 15 January 20241 GPC lappoinled 12 April 20241 Darren LilAlewood was co opted as a trustee on 15 November 2023, and Julie Gill and Oamd Akeroyd on 16 January 2024. Melinda S¢hoffield was co-opted on 20 January 2024, Professor Jaydip Ray DL on 22 March 2024 and Guy Whitehead on 12 April 2024 wth their appointments being formally ratified as Trustees al the AGM on 26 April 2024. Laurence Gavin and Adrian Kirk were Covopled on 24th April 2024 and David Price wa5 co-opted on 26th November 2024, wth their appointments lo be ratified at the next AGM on 25th March 2025. Page 8

Do￿￿On En¥olopè ID.. AF29E5EF-C747497&B9DM66FA2E5C761 SOUTH YORKSHIRE COMMUNITY FOUNDATION UMITED IA Company Limited by Guarantsel TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2024 Objoctivos Actlvltl•s {contlnu•d} o. P•lan•gement Slnce October 2023, there have been 17 Trustees who manag8 South Yorkshire Community Foundation Limited. Profe550r Chris Booth-mayblin is the Chair of SYCF. Twstees are also the Membets of SYCF and are Tepresenlalive of a broad and complementary range of qualifications, skills and backgrounds. They live. work or have an interest in one of the boroughs of Bainsley, Doncaster. Rotherham or Sheffield. They include members from the public. private and voluntsry sectors. The Trustees are responsible for the development. implementation and fflanagemenl of SYCF'S strategy. They also appoint an Executive Commrttee and sub committees lo manage specific activities, where necessary and appropriate. There are a150 several task and finish groups app¢inled by the Trustees to develop activity for specific areas of SYCF'S work,. for example the Marketing and Communications Task and Finish Group, who led on the implementation of the new website and the new communicab.ons and Marketing Strategy., and the Financial Sustsinabilily Group who met throughout 2024 lo reviewthe future accounting structure and the annual costs of running SYCF. The Tnjslees act in a voluntsry capacity and did not receive any remuneration or reimbursed expenses during the financial year. A Chief Executive is appointed by the Trustees to manage the day to day operatlons of the charity. To facilitate effective Dperalions, the Chief Executive has been given delegated authority, wthin the lemis of delegation approved by the TTUStee5, for matters including finance, employrnent. govemance. staffing and project managemenl related activity. The delegats'ons are reviewed on an annual basis. The current Chief Executive, Ruth E Willis VMII retire at the end of May 2025 after 12 year5, service at SYCF. Her replacement, M8rtin Singer. was appointed at the end of September 2024. In additi'on. the Trustee5 delegate oversight of grant appli¢ats'ons to locally based Grant Panels as follows.. Bi annual Comrnunty Grant Panels in Barnsley, Doncaster. Rotherham. Sheffield North West and Sheffield SoLrth East. Special grant panel8 for $pe¢ific donor funds and for South Yorkshire wid& funds, for example the Cost of Living Funds, 'Moving on Up, Fund, AESSEAL Lieutenancy Fund and the Oeakn'n and Withets Fund. Three wnd farm community benefit panels - Tween Bridge Community Grants Panel, Park Spring Windfarm Community Benefit Fund and Logcar Windfarm Community Fund is included in the Rotherham Community Grant$ Panel. All grant panels are attended by volunteers from the local community. staff and have representslion from the Trustees. SYCF is eurrently supported by o Strong army of 55 volunleerg. These volunteers give up their time lo support the aims of SYCF through fvndraising, grant assessments and decision making and our project work. Without their contril)ulion much of what we have achieved would simply not have been possible. During thi5 year, volunteers attended 27 grants panels to consider applications and award grants. Face to face meetings have now been reintroduced for all panels. The Trustees are gratefvl for the substsntial effort5 of all volunteer5 and lor the hard work of the stsff during this year. In particular, we would aCknO￿edge al of our long temi volunteers gome of whom have been making panel decisions for SYCF for several years.. Adrian T Hunt, Alex Pettifer. Anne Dean, Audrey Harwood, Bridget Evans, Carole O'Neill, Chadotte Williams, Craig Elli5, Chris Booth-mayblin, David Harri$, Denni5 AndeT50n, Derek Liddell, Diana Young, Dominic William5, Dorothy Coates, Edmund Greenwood. Ernest Bailey. Geoff Smith, Graham Murdin. Professor Jaydip Ray DL, Jennifer Hall, Joe Colville, John Johnson. Judy Dahon, Julie Ma¢Donald, Julie Reed, Leanne Watson. Lynn Smrth, Lynne Vvilliamson. Mark Houlbrook, Mark Vvilde. Martin Ross. Melwn Wake. Melvyn Lunn, Peter Hallam, Richard scarbr¢￿9h, Shahid Ali, Sh8ron Fudge, Susan Durant and Tim Plant. Page 9

Do(aJslgn En￿Ope ID". AF29EsEF_C747497￿gDS_g6SF￿￿ESC76l SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED IA Company Llmlt•d by Guaranteel TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2024 Obj•cliv•s and Aclivitie5 {continued) We wèlcome the following, newly recrurted grant panellisls and volunteers.. Alan Pong, Ben Hickman. Danielle Bett5, Dave Ba5sinder, David Akeroyd, Hamer Boot, Hazel Conduit, Jane M Nadin, Jonty Willis, Kelly Ly￿, Krishna Harish. Michael Swindells, Neil Garnett. Rukhsana Ismail, Sue Wragg and Dr Zanib Rasool. The following have retired from the Grant Panels this year". Ann Rusby, Annette Whitehead, David Edmond50n. Julie MacDonald, Nicholas Anthony lQtchen. Paul Benington and Richard Appley. We thank them for their lime and contribution to the Foundation over many years of servlce. Adam Preston, Programmes and Projects Officer, moved into the Grants Team on 1st October 2024 88 Grants and Projects Officer. Adam is leading on the introductien and development of our new Salesforce CRM database and other key projects. In November 2023 Akhlaq Hanif left the Foundation. Akhlaq made a huge conlributlon to SYCF'S communications and marketing fvnctions, primarily the development of a new webslte and refreshed branding. Natalie Harrison, an experienced communications consultsnL joined SYCF as communicab.ons and Marketing Manager on 1 st March 2024. In early October 2023, Jess O'Neibl joined SYCF as the Grants and PartneTshlp Manager to lead and strengthen the strategic work of our Grants Team. Martin Singer, consultant, continued lo work with SYCF, coordinating and leading on the SY Charity Mentors initsth've ISYCMI. SYCM Set up as a CIO in its own right on 4 December 2023. Joseph Wade and Chloe Wade joined us for work pla¢emenl$ in January 2024 an(i July 2024 respectively. Connor Caw joined us as a Tèmporary Business Support Officef in June 2024. Thanks must also go to Louise Mycroft, Rob Billson. Laura Baker and Tery Scully %tho continued to work wth the SYFAB team delivering the extensive SYFAB training programme. Tim Greena¢re. a previous Trustee. sadly passed away in January 2024. In May 2024, SYCF saw the passing of Allan Jackson who was a Trustee wth SYCF. Both served as Trustees for 10 years. We would like to thank both of them posthumously for their commitment and dedication to South Yorkshire Community Foundation. May 2024 also saw the passing of Allen Peslell who served a9 the Chair of the Blackslone Edge Wind Farm panel. f. Kèy Partnernhlps SYCF has relats'onships wth many key organi$atign$, bolh regionally and nationally. These include South Yotkshire's four Local Authorili&s, the National Lottery Communty Fund, Integrated Care System IICSI, the Charity Commission, local press and media organisations, Bamsley Community and Voluntary Services, Vdunlary Actions in Doncaster, Rothetham and Sheffield, the three ChambeTS of Commerce in the region, the South Yorkshire Mayor and hi5 team al South Yorkshire Mayoral Combined Authority, a number of departrnenls in central government, NHS. Integrated Care Boards and third sector organisations, Black led community NetWOTks. Anchor and place based communty organisations and many others. as well 89 with the other Community Foundations natson311y ar￿ specifically in the Yorkshire area. SYCF regularly works wth the o universities and local colleges. induding providing student placements and working on research projectg. SYCF continues lo develop these relationships to in¢lyd8 very specific development related work focussed on inward philanthropic investment and sh8ring examples of excellence in investlng in our communities lo achieve strategic outcomes, SYCF appreciates the importance of effective collaboration and partnership working for the Success of South Yorkshire as a whole. Page 10

tknwslyn Envelope ID.. AF2BE5EF.C747497&89D&966FN2ESC781 SOUTH YORKSHIRE COIAMUNITY FOUNDATION LIMITED IA Company Limlted by Guarantee) TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2024 Oblocllvos and Activiti9¥ Icontinu•dl SYCF'S Professional Advisers, Group continues to raise the profile of SYCF amongst profession81 advisers across South Yorkshire. We would especially like lo thank Suzy Harri*Milne5 18HPI, Andrew Ryde Ilnveslec) and Steven Daw50n IMKB SolirAlor5) for their continued support throughoul 202312024. In additson. our Investment Advisors. Investec, 5UPPOrt us in many ways and 80 do our Auditors. Shorts. Our partnerships wlh High Net Worth individuals IHNWS) and corporate partner5 concentrates on developing joint solutiong to tackling key soaal need5 in South Yorkshire as identified in SYCF'S fifth Vital Signs Report 2024 and in other partners. corporate and strategic plans. Annual dontsr report meetings have been and continue to be held wth all relevant partners, and this will ensure we continue to provide Ihe highest standard of stakeholder semce for our fund holders. The formal of ¢3ur donor report5 has changed, becoming more strearnlined and these have been well received. In October 2023 we launched a new scheme called the 'Sovlh Yorkshire Giving Nefv￿rk, ISYGNI, which replaced SY100. We eontinue to work towards achieving our aspiration of 100 members. The scheme has attracted those businesses who are passionate about developing their corporate social responsibility through social value, as a part of their grovrth and local comrnunity involvement. The Chair of SYGN Is Jack Kidder from Henry Boots and the Vice Chair is Mark Burfey from Keepmoat. Since the laun¢h of the SY Giving Network, we have established tsvo new dedicated SYGN Funds.. the SYGN Endowment Fund and the SYGN Distribution Fund. All SYGN funds are Donor Directed, which means that members of the SYGN network wll directly decide which grant applications are allocated funding. 25% of SYGN membership payments will go towards the SYGN Endowment Fund, vthich. once rt has reached £25,000, will generate investrnenl incorne lo be given lo community groups. 25% of SYGN m&mbership paymen15 wll be directly distributed to community groups every year, with grant funding allocated and distributed by late 2024. 50% of SYGM membership payments will go Iciwards the Foundation's core cost5. We have also launched OUT new SYGN Linkedln page. We continue to review our marketing and Communications activities to ensure that we are getting our message out and to the right audiences about our work. Thi5 also givp5 recognition to community group5, who are doing Such invaluable work wrthin our communities. Our communications and marketing manager supports our communications delivery, both inlemally and extemally. Dvring 2024, SYCF has developed a new Communications and Marketing Strategy and refreshed its key messages launching a new website in Augu$l 2023. South Yorkshire Funding Adwce Bureau ISYFABI retained its contracts wlh both Barnsley MBC and Sheffield Cty Council with three year and five year contra¢t8 respttts'vely. The team had 230 contacts wth 134 different groups. Funds raised by groups which were helped by SYFAB were É146,505 from 15 different grants. 19 Irabning sessions and webinar5 were held, with 252 people attending. During 2024125 SYCF are working v4rth Sheffield Social Enterprise Nefv￿rk ISSENI. Sheffield City Council, Sheffield Chamber of Commerce and Business Sheffield to deliver Social Enterprise grants of £30,000, lunded through the Shared Prosperty Fund. Our rising influence wfthin the sector in general. and Swth Yorkshire in particular, exemplifies how we are building our reputation and gaining more distribution funds from businesses, philanlhropisls, trusts and slatulory Sources. We aim to be the charity of choice for South Yort(shire, the 'Go to Funder,, the ¢harity to whom donors wll look to PTovide the adwce and infomiation they need to make informed charitable giving choices. In 2024 we have produced a 5uile of do¢umenls to inform existing and future donors and funders. to p￿sent our range of Page11

Doajslpn Envelope ID.. AF29ESEF£7474975-BgD5-9SSFA2ESC761 SOUTH YORKSHIRE COMMUNITY FOUMDATIOM LIMITED {A Company Limited by Guar•nteel TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2024 Objfjctlv&s and ActlvItl￿ Icontlnuedl services as the 'Go To Funderf for South Yorkshire communities. SYCF'S stsff and Trustee team are continulny to work agilely p05t the pandemic. SYCF'S operation$ were only affected to a limited extent and without any adverse effects for the longer term. As a result, we now use hybrid working for the staff team. Our move to High Green Development Trust in 2022 has firmly embedded the Foundation into a community campus and the local communty. SYCF'S plans for the fvlure remain, in Ixoad tefms, similar to what they were befoTe the pandemic. g. Key Fund Invostments SYCF maintsins 8 Strong relationship wth Key Fund Investrnents Limited (Key Fund). which il helped to found 25 years ago. Over the last few years, Key Fund has grown substantsally and in 2021 its Board derjded lo re5tfUCture the Company lo ablow for new Members and a more modem sel of Articles lo reflect the current operations of the Company and ils independence from the original Founders. In the kn¢le$ ol Association both the remaining founding members, Locality and SYCF, are entitled to nominate directors each. The SYCF nominated 01￿CtOrS are eurrently Melwyn Lunn (from November 2021 until 3rd December 2024.. retired as a SYCF Trustee in April 20241. wth Nick Pike officially appointed on 12th February 2024. Thank you goes lo Jame$ Nevrnan OBE. Ihe former SYCF Chairman. for serving as 8 nominated Oireclor of Key Fund for a number of years, until 12th February 2024. Professor Jaydip Ray DL will replace Melvyn Lunn as a director as he has served his 3 year tem), once approved by the Key Fund board. Both SYCF and Locality, as Founder Member5 of Key Fund, are equal beneficiaries of the assets of Key Fund within ils dissolution dause. h. Risk Revlew The Trustees and the CEO undertake a fvlice yearly detailed review of the rosks that the Organisation faces. All the identffied risks have been mitigated as far as possible and none remain unaddressed. The prinapal risks faced by SYCF are the ongoing challenge of covering costs of operations wlh recurring and transitional income. This places pressure on the Trustees and staff team to deliver both our committed programmes and inf(ialives as well as pursuing opportunitie5 in 3upport of OUT charitable objectives, all bmth a view to revenue generation to assist in d05ing the funding gap. There is also the risk of competition from other regional initiatsves and external fund-raising bodie8. The other major risk is the loss of any member of staff, each one of vthom is key lo the activities of SYCF. This is monf(ored on an ongoing basis by the Trustees and more specbficalSy by SYCF'S Executive Committee. The Risk Management Register was last reviewed by the Trustees in December 2024. The aim of the Trustees of SYCF is to mitigatè the risks of major income fluctuation by holding an appropriate level of reserve$. Page 12

DO￿￿9n Envelope ID.. AF29E5EF-C747497$6gD>966FA2E5C761 SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED IA Company Limited by Guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR EtrIDE0 30 SEPTEMBER 2024 Achlevements and porforniancg . M•ln •chlev•m•nts of th• Charity Overall, SYCF was involved in delivering £1.514.140 in grant support to community gTOUPS and individualg during the ye8f. Of this, £657,195 came from Slalulory bodies, and £856.945 c8me from local businesses, philanthropists and iTU$ts. Grants paid out during the year are summarised geographicalty as folk•ws.' 2024 2023 Bamsley Doncaster Rolherham Sheffield Outside South Yorkshire Sub total Returned grants Total 208,774 216,599 165,283 849,928 73 556 1,514,140 14 14 230,310 237,339 140,682 1,156,518 12 56 100 1,857,212 100 1,487,033 1.834,752 Retumed granls represent repayment from organisalions which, for a variety of reasons, were unable to proceed th the project for ￿1¢h a grant had been made. The Endowment fund5 under management by SYCF as at 30 September 2024 were valued at £13,039,689 12023. £11,971,782). b. Fundraislng SYCF does not generally engage in public fundraising but 15 involved in a￿1vitieS lo build ils endowment and other funds to finance it5 grant making programmes. OUT approach is to publiase our mission, objectives and a¢tivities together Wth our methodologies for achieving those objectives. We engage wth individuals and businesse5, who wish to support and Contribute towards our missic*n. In support of Dur phllanthcopy activities we Continue to arrange and support donor 511e visits. which proves lo be a powerful tool in dosing the gap be￿￿en the boardroom and the community. These visits provide a thought provoking experience for the donor in seeing firsthand how their fund supports the local community, tackling key social issues and meeting beneficiarie8. In 2023 we launched, in response to the Cost of Living Challtsnge, a fund for South Yorkshire enabling people who were able to donate their govemment heating rebate. Thi$ leveraged in just over £100,000 to date. This fund wll provide much needed grant funding to communrty organisations addressing the co$t of fivlng challenges. We researched and produced our last Vilal Signs report in October 2024. The Vital Signs ￿port provides a thought provoking snapshot of the current facts and priorities of the South Yofkshire Community. We want to respond to the crisis and support our communities with largeled inte￿entionS where they are most needed. We have been directing our grant giving to 5UPPOrt these Identified priorities,. Crime and Safety. Housing and Homelessness, Disadvantage and Inequality, Work and the Local Economy. All these rnajor thallenge$ for society today are intrfnsically linked and we wanted to support communities holistically. This wll lead SYCF to a review of wheTe lo direcl its available resources. The Wrtal Signs heatth check thi5 ye8r was Carried out in partnership wlh the Mayor for South Yorkshire. Page 13

DoJJwgn Enveltspe ID.. AF29E5EF-C747497&BgD&966FA2E5C761 SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED IA Company Llmlted by Guarantso) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2024 Achi￿￿Ments and ￿rforfflance l¢¢ntlnu•dl A5 a result of the Vital Signs Report, SYCF have been running an Employment and EmF4oyabillty themed programme called Moving on Up, a pilot three year muknyear funding programme. This programme aims to inspire the next generab'on by helping remove barriers lo employment by connecting young people wlh opporbjnities to engage wilh business and employers. The Evaluation Report for Year 1 wa$ published in October 2023. The programme has attracted an extra £145,000 of funding, with a fijrther £250.000 for adults aged 30+ SYCF has plans lo develop a Crime Fund 2025. We delivered a number of new programmes.. In partnership wth Sheffield Social Enterprise Nefvth. Sheffield Cty Council and Sheffield Chamber of Commerce a £30,000 so¢ial enterprise grant scheme through the Shared Prosperity Fund. The Cost of Living Fund for Sheffield and completion of the grants process, monf(oring and evaluation. SWEF, a grant scheme for young entrepreneurs aged betsveen 18 and 25 years of up to £2,000. Working with Research, a SY wide programme lo develop community involvement in research. being delivered by SYCF, Diversecity and the ICB. £40.000 of grant5 are available for communty groups. Further research project5 for the NHS. £600,000 Low Carbon Community and Cultural grants programme in partnership wth Sheffield City Council. Grants are up to £15,000 and are fvnded through the Shared Prosperity Fund. Involvement in the ICB'S Partiupation Fund for community groups. Distribution of grants lo Ihose affected by the November 2023 floods in Catclrffe and TTeeton,' attendan￿ at the Joint Rolherham MBC and VCS Flood Response Group. Sir George Earle Fund for elderly socially isolated people in communities. Expect Youth Fund for young people's community groups in Doncaster. Acom Family Fund building over fjme lo an Endowment Fund, initial donation of £5,000. Care Leavers Project 2024, £45,000 over 3 years. Researeh project with South Yorkshire Mayoral Combined Authority followng the Vital Signs report 2024. which is working towards the Local Nature Resilience Survey. c. othgr notablo activities during the yoar A9 part of our ambition to be 8 sector leader in the region, we continue lo chair the SoLth Yorkshire Funders Group, which now meets four times a year. This brings all local and natt.onal fvnders and commissioners operate in South Yorkshire together to discuss opportunities for collaborations and partnership working. During the latter part of 2023 SYCF worked on the evaluation of the Volunteering Futures Programme led by Bassellaw CVS. This was a three year programme promoting vc4unteering opportUn￿eS to young people within B8s$ellaw and Doncaster. During 2023124 we contbnued lo develop a close working relationship 4Mth the SoLrth YoTk5hire Mayoral Combined Authority. the Integrated Care Board and Partnership. the University of Sheffield and Sheffield H811am Universty. We worked with the University of Sheffield on a series of workshops for Community group5 to develop their evaluation Skills. We gave out £1,514,140 in grants to over 440 community groups supporting 132.818 beneficiarie5 during 2023124. SYCF carried out a Tange of researeh projects for the Integrated CaTe System IICSI during 2022123 and have developed a strong collaborative relationship wrth the ICS and IC8. including the Working with Research programme. P89e 14

Docvw9n Envglop¢ ID.. AF29ESEF_C7474975_B9D&966FAZE5C761 SOUTH YORKSHIRE COMMUNITY FOUPIDATION LIMITED IA Company Limited by Guarants•l TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Achi•v•ments and porformanc• Icontinu•dl SYFAB extended its IrainiThJ programme adding new courses for 2023124 arKI beyond. including 'Choosing the Right Legal Structure for Your Group.. 'Trusts and Foundations Funding,, and 'Budgeting for Fundrai5ing'. d. Floods A Flood Appeal was sel up in October 2023 to ￿Spond to the flood5 for those affected in Catcllffe and Treeton In Rotherham and some properties in Bamsley. e. Flnan¢lal Revlew The financial year under review has seen an increase in funds of £488,755 before investment gain$ of £1,150,930, resU￿1ng in an overall in￿eaSe in funds of £1,639.685. We maintained our ongoing endeavours to grow both Ihe Endowment and Restricted Funds under management which underpin our grant making and continued the management of a variety of grant making programmes. SYFAB has continued 10 Secure training and consultancy income and lo make a positive financial contribution. As a￿vaYs. costs were tightty controlled, and some Èxpenditure was focussed on revenue generating activities. We were able to distribute over £1.5m in grants, a de¢rease from the previous year of 18.50A. There were several new funds in this financial year, wlh a broad range of activities and programmes. Most notable We￿ research work for the ICB, UKSPF Low Carbon Community & Culture fund from the Shared Prosperity Fund. Working Together Fund. EcL)nomic Recovery Fund, South Yorkshire & Ba55etlaw Green Social Prescribing Programme, SEGA Programme, Digit31 Conneclivily Fund, and Legacy Fund. From the myriad of activrties undertaking in the year. we were able to generate a welcome surplus on our un￿striCted reseNes. our operations account. Once again. we faced a challenging financial envilonment at the year'5 Outsel, 50 achieving a surplus 1$ a considerable achievement. The CEO and her team are to be congratulated on the achievement of a ffinancial resuli so significantly better than originally forecast. Incomg Total income lor the year was £2,725,56S compared with £2,943,635 in the previous year. Endowment income for the year comprised £42,099 from donors and investment income of £44,267. Reslricled fund income for the year was £2,114,411. This Comprised £386,267 of investment income. £483,068 from flow through funds, £1,187.257 from Statutory bodies. and £40,200 from mainly UKCF programmes. In add￿on. SYCF generated £524,789 unreslricled income lo fund its general charitable aclivilies, the largest proportion of which was cost contributions for the management of funds and projects. Investment income was £505.851 and bank interest income was £109,751. Expendlture Totsl expenditure for the year was £2.236.811 compared with £2,533.061 for the previous year. The cost of raising fvnds amounted lo £49,955 {2023'. £64,373}, investment management fees were £40.878 12023.. £38,876) and governance costs were £53,407 12023.. £45,595). £1.624,150 was defrayed on chaTltable activilies12023.. £1,935,279) of which £1,514.14012023'. £1.857.2121 was paid out in grants. After taking into a¢￿Unt gains on invesknonl assets of £1,150,93012023.. losses of £64,148), the net increase in funds for the year was £1.839,68512023'. net increase of £346,426). After this net increase, total funds carried forward are £15,598.880 of which unrestricted funds are £500,622, restricted funds are £2.058.569 and endowment fund5 are £13,035,669. Page 15

Do￿$1￿￿ En¥¥bpe ID.. AF29ESEF-C747497&89D5-ge6FA2E5C761 SOUTH YORKSHIRE COMAIUNITY FOUNDATION LIMITED A Company Limitsd by Guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2024 Achigvoments and porformance Icontlnuod) f. Investmènts Inv•$tm•nt Pollcy SYCF delegates day to day power5 of inveslment to Investec Wealth & Investment I'lnvestec'l. Professic￿al fund managers, who manage the charity's investment portfolio within pre determined parameters of asset class. The overall objectives are lo generate income lo enable SYCF to carry out i(5 grant making consistenuy year by year {with due and proper eonsideration for future needs) and to maintain and {if p055iblel enhance the value in real terms of the invested lund5 while they are ietained. The ¢r(teria applied are a balance r)f income generation and caprtal growth. a medium risk profile and a discretionary mandate. The total inctsme target is currentty £525,000 per annum. The objectives are to be achleved by investing in a broad range of fixed interest Securities, equities and CO1￿ctiVe investment funds, all of which are tradeable on recognised investment exchanges. Part of the portfollo is invested in funds managed by CCLA, the selection of which is advised on by Inveslec. This arises from an Jligation under the now dosed Community First programme. The policy contains a requirement to have cOns￿eration lo ethical. social and governance i59ue$ when investing. witti a small number of sectors specifically prohibited. SYCF'S Investment Policy and ESG Policy is rewewed on an annual basis. During 2024 SYCF carried out a roview of its Current Investment Manager 5eNi¢es. As a result. from the end of 2024 the main portfolio will be split be￿en Rathbones Iformerly known as Investecl to manage the sub- portfolio for the pemianent endowrnent on an 'income only. basis. Evelyn Partners are to be appointed lo manage the other sub-portfolio, SYCF'S expendable endowment, on a total return bas15. Mark•ts The last calendar year has wtnes$ed material levels of political volatility. In the UK, the election in July 2024 produced a large 5wng against the presiding Conswvats've Government. while acros$ the Atlanlic there was not only an assa55ination attempt on Donald Trump bul also a very late-in-lhe-day change to the Democrat candidate in the US election, a5 President Biden reluctandy agreed to step aside in favour of his Vice-President Kamala Harris_ Tensions in the Middle East escalated further. as hostilitie5 broadened from Gaza to encompass Lebanon and to draw Iran further into the con)licl while there has been no end in sight for the conflict in Ukraine. Despite these hea(￿1nds, the US economy Continued to perform well and vthile economic growth in other geographies have pioved slightly harder to come by. investor5 have generally been well rewarded over the last Ive months, especially those exposure to the US equity market Nthich has consistenly reached new al lime highs. Furthemiore. sentiment in markets has been buoyed throughout the year by falling levels of inflation and the resultant expectslion that central banks would commenee cutting interest rates. These expectations were met In the Summer as the European Central Bank, Bank of England and the US Federal Reserve all cul their headline interest rates. Portfollo Against thi5 backdrop the Foundation's investment pc*rtfolio retumed 14.oyo Inet of all co$ts and charges) over the Iwelve rnonths to the end of September 2024. By way of comparison, the investment benchmark retumed 13.8% over the same period. Over the year strong positsve returns were noted from the Foundation's overseas equity holdings vthich retumed 15.8% vAlh the US equty holdings within the portfolio achieving the best equity retums. ahead by a little over 18.5% over the year. The Foundation's UK equity holdings retumed 15.8°k. Fixed interest markets recovered somewhat as inflation eased and the interest rate cutting cyde began and within the Foundation's portfolio the fixed interest assets rgturned 6.3%. T71e overall net gains on investments, both realised and unreali5ed. were £1,150,930 12023.. losses of £64.1481. The inc¢Jme generated in the year frorn investrnents wa5 £505,851 12023.. £485,991). Page 16

DO￿91gn Efftk)pè ID.. AF29E5EF.C747497&8gD&966FAZE5C761 SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED IA Company Limltèd by Guarantee) TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2024 Financial rnview . Golng 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. For this reason, they continue lo adopt the going concern basis in preparing the financial statements. Further details regarding the adoptlon of the going concern basis can be found in the accounting policies. b. Ros•rv*s policy At the balance shèet date, the total funds of SYCF were £15.6m. These comprise £13.Om in endow7nent funds lof which £7.1 m was permanent endowment and not available for distribution and £5.9m was expendable endowment and available for dislributionl, £2.1m in restricted funds (available for distrfbutson bul only for the purposes specified by the donor) and £0.5m of unrestn"¢ted reseNes (the Yree reserves. of the charity and available for and in support of its operational activits'es}. Being a major grant making ¢harity operating in South Yorkshire to benefit communities in need, SYGF Is required to establish and maintain ils own operational resources to enable il to fulfil its charitsble objectives. To support and maintain these opeTats"onal re50urGes necessitates SYCF retaining financial reseTves to meet it$ ongoing expendilure commitments. This enables us to operate throughout the peaks and troughs ol pmgramme related funding. As referred to In the Risk Review secb'on of this report, SYCF faces ongoing challenges in endeavouring lo 'balance the bc)Dks' on rts operational account. The levels of 'near certain, income and a lightly configured cost base suggest a structural deficit in ihe order of £10Ok lo £150k per annum which then sets the income raising largel lor the year. In almost all recent years, this funding gap has been eliminate(I by the occurrence of revenue generats'ng grant and activity programmes. Nevertheless, the Trustees are of the opinion that reserves should be retained to Cover the polents.al gap for years where such programmes do nol arise. They have evaluated this at o years la period considered of sufficient length for the peak5 and troughs of available fvnding to even outl at the mid range level giving a reserve requirement of £250k. In addition, the Tru5tee5 are consaous they have a responsibility for seeking income generaknng opportunities but recognise this may nece9sil8te some fomi of investment. They have evaluated this al such opportun￿"eS of £SOk giving a reserve5 requirement of £100k. Such Tevenue generating opportunrties would assist in closing any funding gap. Therefore, the total tsryel level of reserves set by the Trustees is £350k. The actual reserves al the end of the financial year were £501k. representing o surplus of £151k above the target level. As referred to above, the finanaal dimate for SYCF remains challenging. The Twstees are therefore comfortable with a c43% surplus of reserves above largel recognising that this resu￿5 solely from an exceptionally favouTable year in financial terms in 2023124. In forming this view, they have noted the apparenuy reducing number of income generating opportunrties al the current time and recognised their agreed commitment to a number of'inve51ments' in projects to support income generation. In this context, they continue to idents'fy potential income generating activities and pursue those c¢)nsidgred to be most beneficial and likely to succeed. If they were all succe55ful, il should be possible lo maintain the level of reserves around the target level. However. they recognise that these initiatsves Vrfill take tlme to bear fruit. Page 17

Doujwgn Envelopg ID.. AF29E5EF-C74749754905-966FA2E5C761 SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED IA Company Limited by Guapant••l TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2024 c. Plans for th• future Funds available for diStrib￿lon continue lo reduce from Central Government and corne vAth more ￿MF￿￿K management speclficatsons, so are even les$ a¢¢essible. SYCF is thays vgry aware of the lack of resources available to community groups in South Yorkshire, particularly those small community groups often wn and managed by volunteers. The Trustees are committed to increasing the endowment funds so that support of local communities can continue into the future. Building the endowment is one of our five Strategic Objectives going forward and SYCF are looking at our current offer to donors to look at widening the types of funds available. We will continue to look to access fvrther funds lo distribute in grant making. This wll be done in the context of a balanced budget an eye to continuing to increase reserves as the opportunty arises. SYCF is also committed lo continually developing our Vital Signs reportg. In October 2024 we published in OUT latest version. SYCF see this as an integral and signifi¢anl part of developing ovr focus on local needs and social impad. The evidence provided by the Vital Sign$ research will drive SYCF'S work when developing new themed grant programme5 and measuring the social impact of our work. The launch was attended by 80 people and was heled al the AESSEAL Stadium in Rotherham. SYCF Continues 11$ recruitment of new Trustees to the Board to ensure the filling of skills gaps on the board and to su¢¢ession plan for the future. Four Trustees came to the end of their term of office in 2023124. The recnjitment has been driven by a full skills audit of Cur￿n1 board members and looking towards what skills we need going forward to addres5 the Ghallenges of increasing philanthropic giving across South Yorkshire. There are a number of inilialives and programmes that SYCF are and will be involved in going fotward that will impact for future financial years.. As a strategic lunder the three year pilot 'frAoving on Up. fund 18 ¥e$ponding to the outcomes of the Vital Signs Report 2021, addressing issues for young people and barriers to thelr employability. A year one evaluation report has been published. We ￿111 continue lo build the valvable strategic partnerships and collaborations that we have developed. Thi5 ha5 increased the profile of SYCF within the region as 8 significant local funder. We wll continue to grow our Endowment Fund providing a lastsng legacy for South Yorkshire. We will continue to build the SY Giving Network of businesse5 and individuals under the new Chair Jack Kidder. We will work with our local partners to develop addlts'onal grant fvnding programmes to address gaps in funding coming into the region through continued $tr8tegic discussions with key parlners. We wll publish our 2025 Impact Report. Our strategy lo continue lo review the membership of our Board following a skills audit carried OLrt by the Chair, with recruitment of new Trustees to the Board to fill current skills gaps.. digital, HR and the slatLrtory sector. The Financial Sustainability Group comprised of Twslees. wll meet by exception going forward. focusing on our G05t base. A further review of our staffing resources to address future work priorities based on our S year Strategic Plan. The strategic plan priorities wll be reviewed in October 2025.. including a full goveman review by the new Chief ExecLbb've. Continuing our work on equality, diversity and indu*on ensuring that our work is truly retleclive (rf the communities that we serve through our grant making and other seNi¢es. We are developing OUT markeb'ng and communications to ensure that we are communicating our key messages ab¢ut our work to the right audience5 Within deprived communities in South Yorkshire. We launched a new website in 2023. making it more accessible and inluilive. Page 18

Doujsign Env8h¥810.. AF29ESEF.C74749754gD5WFA2E5C761 SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED IA Company Limitod by Guarantsel TRUSTEES, REPORT {CONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2024 We be using the feedback and results of the Quality Accreditation version 5 process to fvrther improve our Strategic planning as well as our continuous leaming and sharin9 of good practice be￿een other community foundation5 Within the UKCF Nelwork. The outcome of Quality Accredilatyon veri50n 6 wll be known mid-2025. SYFAB vJill be continuing to develcp its online training pathages and training aimed specifically at disadvantaged communities in South Yorkshire as well as investing in its services. SYFAB wim be looking at how rt$ expertise can be utilised more widely across the UKCF Nefvlork and lo other organisations. There have been some exaling opportunities that have presented themselves during 2024 which vall be developed. Working with our Professional Adviser Steering Group lo run some specific events for professional advisers across the reglon. Develop our environmental strategy. benchmathng ourselves again$t the UNSDGS,. reviewng our ESG Investment Strategy. Participation in the VSCE Alliance Steering Group and regional Shared Prosperity Fund Steering Group. We have adopted 8 more agile and hybrid pattern of work going fO￿rd. This has proved so far to be a very effective and effiaent way of delivering SYCF'S services. Conty'nuing to support the SY Charity Mentors inits"alive ISYCMI set up In January 2022. SYCM became a CIO in earfy December 2023 and the CEO of SYCF is now one of their Trustees. Working wlh the new CEO of UKCF to strengthen the Nekn¥ork. We VAII bÈ d•liv•ring a number of new programmes.. Further research projects for the NHS and other partners. Followng the publication of the Vital Signs 2024 report. a new Stepping Up Fund grants programme to support community organisations working lo rtduce young people falling into the wortd of crimelreoffending. Developing the South Yorkshire's Giving me￿0￿(. Developin9 a legacy campaign. Working on further Acorn Famity funds. Implementing a new Philanthropy Strategy an¢J action plan. Working towards what our 40th year120261 celebration5 will look like. Involvement in the YPIP with the 12 universities in the Yorkshire and Humber region. Slructure. goveman¢e and manag8m•nt •. Constitutlon South Yorkshire Community Foundation Limited is registered as a charitable company limited by guarantèe and was Set up by a Trust deed. b. Methods of appolnlmgnt or eloction of Trustsos The management of the Company is the ￿SPonsIbl1ty of the Trustees are elected and co-opted under the lems of the Trust deed. Page 19

DptxJ$lgn Envelope ID.. AF29E5EF-C747497s-B9D&966FA￿Sc76l SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED IA Company Llmltsd by Guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Stat•mont of Trnsteo$' r•sponsibilities The Trustees (￿0 are also the directors of the Company for Ihe purposes of company lawl are responsible for preparing the TfUStees' Report and the financial slatemenls in accordance wlh applicable law and United Kingdom Accourbb'ng Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each finan¢i81 year. Under company law. Ihe Trustees musl not approve the financial slalements unless they are satisfied that they give a true and fair ew of the state of affairs of the Company and ol ils incoming resources and application of resources. induding its income and expenditure. for that period. In preparing these financial statements, the Twslees are required to.. select suitable accounting policies and then apply them consistently.. observe the methods and principles of the Chaiilie5 SORP IFRS 102).. make judgements and accounting esb"mates that are ￿asonable and Prudent," stste whether applicable UK Accounting Standard5 IFRS 1021 have been followed, subject to any material departures disclosed and &xplained in the financial ststements.. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company TrMII continue In business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disdose with reasonable accuracy at any bme the financial position of the Company and enable them lo ensure that the fjnancial stalements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and deteclitrn of fraud and other irregularities. Dl$clo$ufo of Inforniallon to auditors Each of the persons who are Trustees at the lime when this Trustees. Report is approved has confifmwj that.. so far as that Trustee is aware, there is no relevant audit information Of which the charitys auditors are unaware, and that Trustee has taken all the Steps that ought to have been tsken as a Trustee in order to be aware of any relevant audit information and lo egtsblish that the Charitys auditors are aware of that information. Auditors In aecordance with s485141 of the Companies Act 2006. a resolution to re-appoint Shorts wll be proposed at the next Annual General Meeting. Approved by order of the members of the board of Trustees on 25 March 2025 and signed on their behalf by.. SvJnodby. CFlFF3D87￿$4B4 Profe$sor Chris Booth-mayblln Chair Page 20

Docusion Ensth)w ID.. AF29E5EF-C747497&89D5-966FA2E5C761 SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED IA Company Limitsd by Guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF SOUTH YORKSHIRE COMMUMITY FOUNDATION LIMITED Oplnlon We have audited the finanrAal 5ts1ements of South Yorkshire Ccfflmuniiy Foundation Limrtèd (the 'Charitsble Company'l for the year ended 30 September 2024 which comprise the Statement of Financial Activities, the Balance Sheet. the Statement of Cash Flows and the related note5, including a summary of significant accovnting poliaes. The financial reporting framework that has been applied in their Preparation is applicable law and United Kingdom Accounting Standards, incIL￿ing Financial Reporting Standard 102 The Financial Reporting Stsndard applicable in the UK and Republic of Ireland, {Unrted Kingdom Generally Accepted Accounting Pra¢ts'cel. In our opinion the financl81 statements". give a true and fair view of the stste of the charitable compan¥s affairs as at 30 September 2024 and of r(5 incoming resource5 and application of resources. including ils Income and expenditure for the year then ended; have been properly prepared in accordance with United Kingdom Generally Accepted Accounting practi￿., and have been preparod in accordance with the requirements of the Charities Act 2011. Basis for opinion We conducted our audit in accordance with Intemational Standards on Auditing (UK} IISA5 IUKII and applicable law. Our responsibilities under those standards are further described in the Auditors. responsibilitie$ for the audit of the financial statements section of our report. We are independent of the charitable company in accordance vAlh the ethical requirements that are relevant lo our audit of the financial stslemenls in the United Kingdom, induding the Financial Reporting Council's Ethical Standard, and we have fulfilled OLsr other ethical responsibilities in accordance ￿￿th these requirements. We believe that the audit evidence we have obtsined is sufficient and appropnate lo provide a basis for our opinion. Conclusions r•latlng to golng ¢on¢gin In auditing the financial statements. we have concluded that Ihe Trusteey, 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, individualty or colledively, may cast sign+ficant doubt on the Charitable compan15 ability to continue as a going eoncem for a period of at least ￿e1Ve months from %then the financial statements are authori$ed for issue. Our responsibilitie5 and the responsibil￿'e5 of the Trustees with respect to going concem are de8¢ribed in the relevant sections of this report. Page 21

Oocusign Envelope10.. AF2BE5EF.C7474975_BgD&966FA2E5C761 SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED IA Company Limitod by Guararteel INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF SOUTH YORKSHIRE COPAMUNITY FOUNDATION LIMITED (CONTINUED) Othgr inforniation The other information comprises the informauon induded in the Annual Report other than the financial statements and our Auditors, Report thereon. The Trustees are responsible for the other information ¢onlained thin the Annual Report. Our opinion on the financial statements does not cover the other infomiation and, ex¢epl lo the extent othe￿iSe explicitty stated in our report, we do not express any form of assurance conclusion Ihereon. Our iesponsibility is to read the other Infom1alion and, in doing so, consider whether the other informatjon is materially inconsistent wth the financial statements or our knovAedge obtained in the course of the audit, or otherwise appears to be materially mi55taled. If we idenbfy such materia5 inGonsistenGies or apparent material misstatements, we are required to delemiine whether this gives rise to a material misstatement in the finan¢ial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement ol this other information, we are required to report Ihat lact. We have nothing to report In thls regard. Mattèrs on which ￿ are required to report by exceptlon We have nothing to report in respect o)f the f¢41owing rnatters where the Charities IAccounts and Report5) Regulation5 2008 requires us to report lo you rf, in our opinion.. the inlomialion given in the Trustees, Report is inconsistent in any matelial resp8Ct with the finanaal 8lalements', or sufficient accounting records have not been kept", or the financial statements are not in agreement with the accounting rècords and rettjms,. or we have not received all the informatian and explanab.ons we require for our audit. Ro$ponslbllltlos of trustges A5 explained more fully in the Trustees, Responsibilities Statement, the Trustees (who are also the directors of the charitable eompany for the pufposes ol company lawl are responsible foc the preparation of the financial stslements and for being satisfied Ihat they give a true and fair view. and for Such intemal control as the Trustee5 delemiine is neGessary lo enable the preparation of financial statements that are free from rnalenal mi5s1atement, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing Ihe charitable company's abilty to continue as a going con¢ern, disclosing, as applicable, matters related to going concern and using the going concern basis of a¢¢ounting unle$$ the Trustees either intend to liquidate the charitable company or lo cease operations, or have no realistic altemative but to do so. Page 22

DooJ5i9n En¥8lcp8 ID.. AF2gE5EF£747497s-B￿m65FA2E5CTfjl SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED IA Company Limited by Guarantee) INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF SOUTH YORKSHIRE COMP•lUMITY FOUNDATION LIMITED ICONTINUEDI Auditors. rgsponsibilitios for the audit of th• finanoial $tstgmeTrts We have been appointed as auditor under section 145 of the Charities Act 2011 and report in accordance wlh the Act and relevant regulations made or having effect Ihereunder. Our objectives are to obtain reasonable assurance about whether the financial Statements a$ a whde a￿ free from material misslalemenl. whether due lo fraud or error, and to issue an Auditors, Report that includes our opinion. Reasonable assurance is a high level of assurance, bul ig not a guarantee that an audit conducted in 8ccordance ￿rith ISAS IUKI wll always detect a material misslalement when it exists. Misstatements can arise from fraud or etroi and are considered material if. individually OT in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregulanties, including fraud, are instsnces of non-compli8nce with laws and regulations. We design procedures in line wth our responsibilits'es, oulline¢J above, lo dele¢t material misslatemenls in respect of irregularities. including fraud. The extent to which our procedures are capable of deteth'ng irregularities, induding fraud is detailed bèl¢)W". Our approach lo identlfylng and assessing the risks of material misslatemenl In respect of irregularities, including fraud and non-compliance wlh laws and regulations, was as follows.. the engagement team collectively had the appropriate competence, capabilities and skills lo identr.ty or recognise non-compliance wlh applicable laws and regulations". through discussions with the directors and other management and from our commercial knowledge and experience of the sectors that the Charitable Company operates in, we identified the laws and regulations appli¢able lo the Charitsble Company", and focusing on the specific baws and regulations which we considered may have a direct maledal effect on the finanGial statements OT the operations of the Charitable Company, we assessed the extent of compliance with those laws and regulations identified above through making enquiries of management and in5pecb.ng relevant correspondence. We assessed the $usceptibility of the Charf(able Company's financial statements to material mis5ts1emenl, including obtaining an understanding of how fraud might occur, by.. making enquifie5 of management as to vthere Ihey considered there was susceptibility lo fraud, Iheir kno￿edge of actual, suspected and alleged fraud,. and ¢onsideiing the internal controls in place to mitigate rigks of fraud and non-compliance wth laws and regulations. To addr&ss the risk of fraud through management bias and override of contro15, we.. performed analytical pro¢edures lo idenlfy any unusual or unexpected relationships., considered joumal entries to identy'fy unusual tran$action$', assessed Ythelher judgements and assumptions made in determining the accounting eslimate5 were indicative of potential bias., and investigated the rats'onale behind 8ignificant or unusual tran8action8. Page 23

SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED IA Company Limited by Guarantéè) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED {CONTINUED) In response to the fisk of irregularities and non-complian￿ with laws and regulations. we designed prixedures which induded, bul were not limited to". agreeing financial ststement disclosures to underfying 5UPPOrting documenlalion,. reading the minutes of meetings of those charged with govemance". enquiring of management as to actual and potential litigation and ¢laims', reviewng any correspondance with HMRC, relevant regulators and the Charitable Companvs legal advisors. There are inh8rent limitations in our audit procedur85 described above.The more removed that laws and regulations are from financial transactions, the less likely il is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations lo enquiry of the directors and other management and the inspection of regulatory and legal correspondence. rf any. Material misstatements that arise due to fraud be harder to delecl than those that arise from error as they may involve deliberate concealment or collusion. A further description of our responsibilities for the audit of the financial slalements is located on the Financial Reporting Council's website at." www.frc,or -LJklauditorsres onsibililies. This description forms part of our Auditors. Report. Usg of our ￿pOrt This report is made solely lo the charitsble Company's Iruslees. as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might slate lo the chariiable Companls trustees those matters we are required to stale lo them in an Auditors, Report and for no other purpose. To the fullest exlenl permilled by law, we do not accept or assume responsibility to anyone other Ihan the charitable Company and ils members. as 8 body, for our audit work. fof this report, or for th8 opinions we have formed. Howard Freeman BS¢ FCA Isènlor Statutory Audltorl for and on behalf of Shorts Chartered Accountants Slatulory Auditor Cedar House 63 Napier Street Sheffield South Yorkshire S118HA 25 March 2025 Page 24

Dowsign Envetope ID.. AF29ESEF-C747497&B9D&WFA2ESC761 SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED IA Company Limited by Guarant•*l STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 30 SEPTEMBER 2024 UnrgstriGtsd funds 2024 Restrld•d Endobwment funds funds 2024 2024 Tolal funds 2024 Total funds 2023 Nots Incom• and endow7nènts from: Donations and legaaes Charitable activilles Investments 14,306 325.035 184.888 560 42.099 56.405 2.053.179 615.422 560 110,624 2,273,215 559,196 600 1,728,144 386,2$7 44.267 Other income Total Incomo and endowments 524,789 2.114.411 86,366 2,72S,566 2.943,635 Expendlture ¢Jn: Raising funds Charitable activities Investment management fee 49.955 435.978 49,955 2.146,178 64,373 2,429,812 1,624.15D 86,050 49 40.629 40.678 38,876 Total 8XP9ndituro 485,982 1,624,150 126,679 2,236,811 2,533,061 Nfrt incomellexp•nditur•l befor• tran8f8rs Transfers betsveen funds 38,807 490,261 140.3131 488.755 410,574 360 41.122 141.4831 Oth•r recognlsed galnslllosseBI- GainslOosses} on investments 1.228 1.149,702 1.150.930 164.1481 Net movement In funds 40.395 531,383 1,067.907 1.639,685 346,426 Roconciliallon of funds: Totsl funds brought forward Net movement in funds 460.227 40,395 1.527.1B6 531.383 11.971.782 1.067.907 13.959.195 1,639.685 13,612,769 346,426 Total funds carri•d fonvard 500,622 2,058,569 13,039.689 15.598,880 13,959,195 The Statement of Financial Activities includes all gains and losses recogni5ed in the year. The notes on page5 28 to 60 form part of these financial statements. Page 25

Oo¢usign Envelope ID.. AF29E5EF_C747497&BgD5_966FA2ESC761 SOUTH YORKSHIRE COMMUNifY FOUNDATION LIMITED {A Company Llmlted by Guaranteel REGISTERED NUMBER: 07545536 BALANCE SHEET AS AT 30 SEPTEMBER 2024 2024 2023 Flxed assets Tangible assets Investments 13,016.984 11.880.417 13.016.984 11,880,417 Curront assels Debtors Short term deposits Cash al bank and in hand 10 13 153.904 92.544 2.466.021 178,371 154,276 1,852,574 13 2,712,469 2,185,221 Credilors.. amounts falling due wlhin one ygaT 14 1130,5731 1106,443) Net current assets 2,581,896 2,078,778 Totsl not assets 15.598.880 13,959,195 Charity funds Endowment funds Reslncled fund5 unrestn.cted fvnds 17 18 13.039,689 2,058,569 500.622 11.971,782 1.527,186 460,227 Total funds 15,598.880 13,959.195 The Trustees acknowledge their responsibilities for complying wth the ￿qUirements of the Act with respect lo accounting records and preparation of financial statements. The financial statements have been prepared in accordance wlh the provisions applicable to enlits.es subiect lo the small companies regime. The financial statements were approved and authorised for issue by the Trustees on 25 March 2025 and signed on their behalf by.. Prof•ssor Chris Booth-mayblln (Chair of Trustees) a Clarko Brown FCMA, DIR iTIFFJD8FA&84B4 CFJC352tr2EE4a•D The notes on pages 28 to 60 form part of these financial slalements. Page 26

DorAJslon Envelow10.' AF29E5EF.C747497>B90&966FA2E5C761 SOUTM YORKSHIRE COMMUNITY FOUNDATION LIMITED IA Company Limited by Guarantee) STATEMENT OF CASH FLOWS FOR TriE YEAR ENDED 30 SEPTEMBER 2024 2024 2023 Noto Cash flows from operatlng activltlos Net cash used in operab.ng a¢tivrtie8 11 178,0691 1393,407) Cash flows from Investlng activitle8 Investment income Proceeds from the sale of fixed asset investments Purchase of fixed asset investrnenls 615.422 559.196 2,673.760 1,803,003 12.659.398> 11.740,3541 Net cash gtnèratsd from Invostlng acllvllle$ 629.784 621,845 Changè in eash and cash •quival•nts in the year Cash and cash equivalents at the beginning of the year 551,715 228,438 2,006.850 1,778,412 Cash and cash ¢qul¥alents at th• end of the year 2.558.S65 2.006,850 The no)tes on pages 28 10 60 form part of these financial statements Page 27

tknw51gn Envelope ID.. AF29E5EF£747497&B9D5.98fjFA2E5C761 SOUTH YORKSHIRE COMMUNITY FOUNDATION UMITED IA Company Limited by Guarantsel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 General Informoti¢n South Yorkshire Community Foundation Limited ISYCFlthe Charitable Company) look over the activib'es, assets and liabilities of South Yorkshire Community Foundation. The Deakin & Withers Trust and the Samuel Roberts Trust Ilhe unincorporated charities) wth effeGI from 1 October 2011 by an agreement and scheme of arrangement approved by the Charity Commission. SYCF was established by a Declaration of Trust dated 29 May 1986 and is a registered Charity, number 1140947. SYCF 1$ a Company limited by guar8ntee (company number 07545536}. The registered office is The Campus (High Green Development Trust). Pack Horse Lane, High Green, Sheffield. South Yorkshire. S35 3HY. A¢countlng pollcles 2.1 Basis of preparation of financlal statements The financial statements have been prepared in ac¢ordan¢e wth the Charities SORP IFRS 1021- Accounb"ng and Reporting by Charities.. Statement of Recommended Prath'ce applicable to charities preparing their accounts in a¢¢ordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191, the Financial Reporting Slandaid appIl￿ble in the UK and Republi¢ of Ireland IFRS 102) and the Companies Act 2006. South Yorkshire Community Foundab"on Limited meets the definitson of a public benefit entity under FRS 102. Assets and liabilities are initially recognised al hislor¢cal cost or itansaction value unless othe￿iSe slated in the relevant accounting policy. The financial statemen15 are presented in pounds Steding (£1. 2.2 Golng concorn The financial statements have been prepared on the going concem basis. The Trustees have assessed the going concern position of SYCF and have no reason to believe that there is a material uncertainty that would affect the ability of the organi58tion lo continue as a going concern for the forseeable fLrture. The Trustees consider the forseeable lulure lo be 12 months from the date that the financial statements are Signed. A 'baseline' forecast and income scenarios have been prepared. The 'baseline' forecast reflecl$ income which is 'guaranteed' Ivirtuany certainl and expenditure on the currently configured full- service cost basis. This is viewed as a 'woTSt case positi'on,. The income scenarios reflect potential income sources based on current information {not available when the 'baseline' foreca$l was prepared) on oppo￿nItses based on a range of probabil￿es. All these income increase scenarios improve the financial outtum from the 'baseline' forecast. None of the fO)r￿a￿lS prepared indicate an oveNknelming permanent impad on SYCF'S status as a going concern, p3￿C￿larty in light of the expendable endowment funds referred to below At the balance sheet date, unrestricted reserves were £500,622, of Nthich £447,432 was held in ready access bank balances. In addition, there are certain expendable end¢)wmenl ftjnds, stsnding at £469,874 at the balance $h¢et date, ￿lch would be available to Lsnderpin operations for the medium tem) should the need arise. Given the level of available reserves and liquid resclurces. based on the fOre￿5t and scenario$ the Trustee5 consider SYCF will be able to continue operations on the Current basis for the foreseeable future la5 defined above). Page 28

Doyjsign Envoloptr ID.. AF29ESEF-C7474975-￿S-S6fjFA2E5C761 SOUTH YORKSHIRE COMPIUNITY FOUNDATION LIMITED {A Company Llmited by Guarants&) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Accountlng pollcies Icontlnuedl 2.3 In¢om• l income is recognised once the Charitable Company has entiuement to thts income, rt is probable that the income will be received and ihe amount of income receivable can be measured reliably. There are types of endowment funding received by SYCF., Expendable Endowment and Pemartent Endowment. The endowment funds are combined in a unitised investment portlolio. Exp•ndablo Endowmgnt Funds Expendable endowrnent funds are those arise from legacies and donations where the donor hag made no specific condition that the Funds 3Te lo be held as Permanent Endowment Funds. Porn)a￿nt Endovnnont Fund il Invididuals and organisalions donate funds to SYCF and the investments represented by such funds generate income and dividends, which, after the costs of administration have been deducted, are distributed as grant$ in accordance with the ￿rishes of the individual donors. The capital is not distributed. ill Individual funds may be sel up for amounts in exce55 Qf £25,000. The General Endowment Fund includes legacies and donation5 where the donor has not specifically ￿quested a named fund together with smaller donations. Grants are included in the Statement of Financial Activities on a rewvable basis. The balance of income recelved for spe¢iffic purposes bul not expended during the period is Shown in the relevant fijnds on the Balance Sheet. Where Income is received in advance of entitlement of Teceipt, ils recognition ig deferred and included in creditors as deferred income. Where entiuement occurs before income is received, the income is ac¢rued. Other income is recognised in the period in which il is receivable and to Ihe extent of the service has been completed. SYFAB training and consultancy income is recognised as and ￿en the seryice is provided. Page 29

Docusign Envthpe ID. AF29EsEF_c747497&B9D￿6FA2ESC76l SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED IA Company Limited by Guarant*el NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Accounting polici•s Icontinuadl 2A Expenditure Expenditure is recognised once there is a legal OT constructive obligation to transfer economic benefft to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expendrtvre is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs. including support costs involved in undertaking each actiwty. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one acb'vity and support costs which are not attn"bulable to a single activity are apportioned betsveen those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of b'me spent. and depreciation charges allocated on the portion of the asset's use. Expenditure on raising funds include5 all expenditure incurred by the Charitable C¢)mpany to ralse funds for ils charitable purposes and indudes costs of all lundraising activities, events and non- charitable trading. Expenditure on charrtable activities is incurred on directty undertaking the activibes vthich further the Charitable Company's objectives, as well as any associated support costs. Grants payable are charged in the year when the offer is made exGept in those cases where the offeT is conditional, such grants being recogni5ed as expenditure when the conditions attaching are fulfilled. Grants offered subje¢l to conditions whieh have not been met at the year end are noted as commf(menl. but not accrued as expendf(ure. All expenditUTe is inclusive of irrecoverable VAT. Page 30

Do￿￿gn Envdope ID.. AF29ESEF.C747497&89D&966FA2E5C761 SOUTH YORKSHIRE COUMUNITY FOUNDATION LIMITED IA Company Limlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Accountlng pol1cl￿ (continued) 2.5 Inv•stm•nts Fixed asset investments are a form of financial instrument and are initially recogni5ed al their trans8Ction cost and subsequenuy measured at fair value at the Balance Sheet date. unles5 the value cannot be measured reliably in whi¢h case it is rneasured at cost less impairment. Investment gains and losses. ￿ether realised or unrealised, are combined and presented as 'GainsllLossesl on investments, in the Statement of Finanaal Activities. 2.6 Flnanclal Instrurn•nts The Charilable Company onty has financial assets and financial liabilities of a kind that qualify as basic ffinancial instruments. Basic financial instruments are initially recognised at transaction value (including transaction costs except in the inf(ial measurement of financial assets and liabilitie5 that are measured at fair value through profit or lossl and subsequenuy measured al amortised cost using the effective interest method. Investments. though classified as basic finan¢ial instruments. are measured at fair value through prcthfil or loss. 2.7 Oporating ha$•$ Rentals paid under operating leases are charged to the Slalement of Financial Activities on a straight line basis over the lease term. 2.8 Pènsions The Chantable Company operates a defined contribution pension scheme an¢J the pension tharge Tepresenls the amounts payable by the Chariiable Company to the fund in resp¥¢t of the year. 2.9 Fund ac¢ounting General funds are unrestricted funds which are available for use 31 the discreb"Dn of the Trustees in furtherance of the general objeth'ves of the Charitable Company and which have not been designated for other purposes. Restricted funds are fijnds which are lo be used in accordance wlh speciffic reslriclions impoged by donors or which have been raised by the Charitable Company for particular purposes. The cost5 of raising and administering such funds are charged against the specific fund. The aim and use of ea¢h restricted fund is set out in the notes lo the financial Statements. Endowment funds represent those assets vthieh are held long temi on trust by the Charitable Company for the benefit of SYCF. Crltlcal ac¢ountlng •8tlmate$ and areas of Judgement Preparation of the financial statement5 require5 management to make significant judgements and estimates. There are no such items in these financial statements. Page 31

Do￿61gn Envolopè ID.. AF29E5EF.C747497&8￿5.ge6FA2Esc76l SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED IA Company Limited by Guarantse} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Total Income Unréstricted fund$ Restricted Endowment funds funds Total 2024 Total 2023 Incomo Oonatlons FTiend5 and members schemes Oonali¢)ns and legacies 4,741 4,741 51.664 42 099 ￿￿405 5,890 104 734 110.624 Inv•8tm•nts Investment income Bank interest 75,317 109.571 184.888 386,267 44,267 505,851 109.571 615.422 485,991 73 205 386 267 559.196 Charltabl• acllvlll•$ Funds for distribution as grants.. ststutory National Campaign Individual and corporate Disaster 1,110,340 40.200 483,068 17.619 1,1tO,340 40.200 483,068 934,500 35,000 874,707 Individual and Corporate Management fees Slatulory National Campaign Individual and corporate CCG SYCF Endowment funds Social Enterprise Ex¢hange Other other trus15 managed by SYCF 1651227 1.651.227 1 844 207 96,893 5,306 48,185 19,000 86,200 96,893 5,306 48,185 19,000 86.200 110,500 2,800 71,372 23,550 80.189 23,196 4,800 25.000 Y,200 9,200 25.000 341.407 Training cour$es l ¢gnsullancy Statutory Grants 17,155 17,155 76,917 18096 112168 9,584 75,117 2.900 76,917 917 Total charltsble >¢tlvltiès Other incom8 Miscellaneous 325 035 1 728 144 2.053.179 2 273 215 560 $60 600 Totsl income 2.114.411 86.366 ￿566 2.943.635 Page 32

Oocusign En¥elope10." AF29E5EF£747497&8g￿968FA2ESc7Sl SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED IA Company Llmlt•d by Guarantsol NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Total expendlturo Raising fund$ Govemance Charitable activities Investment costs Total 2024 Total 2023 Direct costs Salaries and associated eosts 40,258 3,B03 2,192 24,252 1,848 672 228,189 28,709 96,614 1.565 292.699 34,360 99,478 7,133 18,839 286,658 30,664 111,284 5,656 13,860 Office ¢o$ts Activity expenses Professional fees 5,568 18,839 Auditors, remuneratson Apportioned support costs Salaries and associatèd costs 3,270 309 1,970 186 72 24,296 2,293 905 29,536 2,788 1.100 49 26.828 2,291 948 Office costs Activity expenses Professional fees 123 49 47 49.955 53,407 382,571 49 485,982 478.436 526 Depreciation Totsl unr•$trl¢ted costs 49,955 53.407 382,571 49 485,982 478,962 Grants distributed Inet of retumed grants) Investment management fees 1,487,033 1.487,033 1,834,752 40,629 40,629 38,829 Endowment management fees Other management fees Retumed to fundeT Diver5eCIty IRENI SYFAB salaries 86,050 25.000 86.050 25,000 79,991 25,000 410 35,200 35,200 2.09 53.407 ￿771 2236811 ￿1 Support Costs Support costs represent expenditure by SYCF, other than grant5, in direct support of its charitable obiectg and have been allocated based on expenditu￿ that can be directty attributed and on Staff hours. Raising funds- 11 %, Govemance- 7%, Costs of Chariiable Activities- 820£. Weekty stsff hours analys1$ Raising fund$ GovernanGg costs Charltsblè activitie5 Total 49 29 361 439 Staff hours Support hours Total 50 30 370 450 Page 33

DorAJslyn Envelope ID.. AF29ESEF.C747497>89D&966FA2E5C761 SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED (A Company Llmlted by Gu•rantso} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Staff co¥ts 2024 2023 Wages and salaries Soaal security costs Empboyerfs pension contributions 359.691 25.809 13,653 350,877 24,460 13,266 399.153 388,603 The average number of per50ns employed by Ihe Company during the year was as follows.. 2024 2023 No. Employees 1S 14 The average head¢ount expressed as full-time equivalents was 12.012023.. 13.01. The number of employees ￿0$e employee benefits lexcluding employer pension costs) exceeded £60,000 was". 2024 No. 2023 In the band £60,001- £70,000 In the band £70,001- £80,000 The key management personnel of the chanty con515t Df the Chief Exewtive OfficeT, Head of PhilanlhTOPy & Programmes, Head of SYFAB (Shared post), Grants & Partnerhip hAanager, Grant Officers, Grants Administrator, Bamsley Development Worker, SYFAB Training Coordinator, BU￿neSS Services Manager, Philanthropy Coordinator. Finance Manager, Marketing and Communications Manager, Programmes & Project Coordinator. The lotal femuneration ol the key management personnel was £399,18912023.' £389,990). Trustg¢s' romuneratlon and •xp•nse5 During the year ended 30 September 2024. no Trustees received any remuneration or other benefits 12023.. £nill. During the year ended 30 September 2024, no Trustee expenses have been incurred12023' £nill. Page 34

D￿j$vJn Envelope10.. AF29E5EF.C747497WD5-986FN2ESC761 SOUTH YORKSHIRE COMMUNrrY FOUNDATION LIMITED IA Company Umitsd by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Tan9iblo fixod assets Offlc• •quipment Cost At 1 October 2023 8.410 At 30 September 2024 8.410 Depre¢l•tlon At t October 2023 8,410 At 30 September 2024 8.410 Nèt book valuo At 30 September 2024 At 30 September 2023 SYCF'S office equipment is used at its offbces to support the work of its staff. Page 35

Dowsign En￿lope ID.. AF29E5EF-C747497M9DS-966FA2E5C761 SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED IA Company Llmltod by Guarantse) MOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Fix•d ass•t investments Listgd Investments Cost or valuation At 1 October 2023 Add￿On5 11,880,417 2.659.398 12,673,760) 1,150,929 Di5posa15 Revaluats"ons At 30 September 2024 13.016.984 Met l)ook value At 30 September 2024 13,016,984 AI 30 September 2023 11,880,417 Historscal cost at 30 September 2024 was £10,192,04012023'. £9,918.5181. At 30 September 2024 the followng investments exceeded 50k of the martel value". Royal London Ulm Sted Credll.. £854,700 Abrdn Oeic," £645,190 Vanguard Funds". £1,418.944 The drfference betsveen the market value and the historic cost gf investments is largely hebd in Endowment Funds. 10. D•blor$ 2024 2023 Dug wSthln one year Trade debtors Other debtors Prepayment$ and accrued income 16.529 126.896 10.479 25.220 143,665 9,486 153,9Q4 178,371 Page

Docu5iyn En%fow IO.. AF29ESEF-C747497&B9D&966FA2E5C761 SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED IA Company Limitd by Guarantee) NOTES TO THE FINANCIAL STATEMEMTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 11. Reconciliatlon of net movement In funds to n•t ¢88h flow from oparating actlvltlo$ 2024 2023 Net income for the period las per Statement of Financial Activities) 488,755 410.574 Adjustm•nts for: Depreciation charges Investment income 526 {615,422) 1559,1981 24,467 137.4881 24,131 1207.8431 Decrease I lincreasel in debtors Increase I Idecreasel in ¢￿dItOrS Net cash ug•d In op&ratlng activiti0$ 178,D691 1393,407) 12. Analy$ls of ¢a$h and cash •quival•nts 2024 2023 un￿strICted cash balances Restricted cash balances 447.432 101B,589 92.544 415,743 1.436,831 154,276 Short term investments Total ¢a$h and ¢ash •qulval*nts 2,SS8,565 2,006,850 Unrestricted cash balances represents the amount available to fvnd the operations of the Charitable Company. 13. AnalysSs of chang25 In net debt A130 Sept&mboT 2024 October 2023 Cash flows Cash at bank and in hand 1.852.574 154.276 613,447 161,7321 2,466,021 92,544 Liquid investmènts 2.006,850 551,715 2.558,565 Page 37

Oocusiun En¥lop8 ID". AF29ESEF.C747497&B9D&966FN2ESC761 SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED (A C¢mpany Limit•d by Gu¥r•ntaèl NOTES TO THE FINANCIAL STATEklENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 14. Creditors: Amounts falllng due wlthln one year 2024 2023 Trade creditors 3,481 74.676 52,416 4.948 54.645 46,850 Other creditors Accruals and deferred income 130.573 106,443 15. Flnanclal Instrumgnts 2024 2023 Flnanelal assots Investments carried at fair value 13.016,985 11,880,417 Investment valuation5 are advised by Investe¢ and CCLA. Investments art valued on the basi5 of mid rnarketprices from the appropriate Stock Exchange or trcm the relevant fund manager. Where lund managers publish a single price lie. for OEICSI the valuation has been prepared on the basis of the published price. The prices of financial instrument5 subject to low liquidity due to their specific financial ¢harateri$b'¢s lie. Private Equiliesl are evaluated on a best endeavours basis. Pa9e 38

DotrJ8lgn Envelope ID. AF29ESEF£74749754gD5-966FA2E5C761 SOUTH YORKSHIRE COMMUNITY FOUNDATIOM LIMITED {A Company Limltod by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 30 SEPTEMBER 2024 16. Analy$ls of net assats b•twe•n funds Analysis of nel assets between fund$- current Porfod Unrestrlctsd R•strictod Endowmont funds funds funds 2024 2024 2024 Total funds 2024 Fixed asset Investments Current assets Creditors due vAthin one year 13,904 $43,578 156,8801 13,003,080 13.016,984 98,249 2.712,469 161,6401 1130.S731 2,070.642 112,0731 Total 500.822 2,058.569 13.039.889 15.598.880 Analysis of n•t as50ts b8t￿en funds. pr14x p•riod Unrestricted funds 2023 Restricted Endowment funds funds 2023 2023 Total funds 2023 Fixed asset investments 12.727 498.940 151,4401 11.867,690 t1.880.417 1 $9,095 2,185,221 155,0031 <106,4431 c￿￿ent assets 1.527,186 Creditors due wthin one year Total 460,227 1,527,186 11,971.782 13,959,195 Page 39

¢f) (y o o ￿ ¢0 v) O O U) * o st o) o ) o) p) ¢0 * o co o) r• ¢J) v o v O ￿ (O O Q) O <y ¢0 t4 N tt)

J ro ro ¥> ￿ rfj ry) •) o o ¢fj ￿ * r4 * ¢0 tyi 4 * ty Lf) J o o (O r4 C ¢D O * f4 ￿ ¢D Q> (N O * ¢0 * o O (yj * o r• ¢0 ty) Q o KJ a) O O) * DJ ¢D (Th ¢ti o o) ro 0> o (D ¢D o ¢D fN ¢0 O) Q ryj ) fo th a r4 0 ( (*

t7i (TJ ￿ rts c ¢0 • ¢JJ o Ln o Ln J ry o) cn In > o

ro o £ LLU CJ

c J < < <W (OL 0<45￿￿ QW (g ￿LL r o)

'IIl IIE I l*JiLU I I IIL U

Lk rr N OLL ttLL )￿0)CL W ￿LL (n u)kL£fi(L UJOJLLL) U

iLE s èotL J E

£2£3£0￿££ (n ￿LL u

Li U CD LIC IV 2 u <ii L)VJ ￿Li ￿Li UIL

¢ry ￿ CO ¢D CJ a) 10 th r4 O O f ¢0 V> o) * 0 mo ¢n O ¢W (YJ m ¢D a)

O a* O ¢A) ¢n r (o ry L>J co Lr) o * o N c * * o c4 fD ¢D O

a (fj v) o o o ¢0 O O O O ¢D L>) N ty O O 000 i Lri O Cs ¢Q O 00￿0 00￿0 ro a o ro o o a) r4 o o 0 CO f fD O J o) o ¥g 111 15511 cn c c

L>) ￿ N u) u) u) ￿ >

p)0 co D ¢0 o O) ￿ ¢0 0 a) o) ts) p)

¢0 ts) co ¢0 O * tt* ID ¢0 O O Lrj ¢0 fo ¢D u) Lrj J O ¢0 fo ¢0 o)

fo ¢D g> *0 O ￿ O LTJ G) Ln o (w t7J * o ￿ to J ¢0 ¢0 LO LT> m ro t ¢D th)

CO ¢0 aj rt o mo *J) N O O O ro LTJ ro Li W iu * £ < (n i w o

0> r4 OJ O * LN Q) ￿ O rf) O) * 0> (o ¢0 o Qi (Y Oi ry) 111 o ro O C+C* o) st ￿ o * Q LLLL i u)

vn ¢D V Ln P) ￿ ¢0 oro ci Lt> O ¢D V) U L) tni (J > (C JLL W Q) 10

Doojsign Envelope ID.. AF29ESEF-C747497&89D&966FA2ESC7fj1 SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED IA Company Limited by Gu¥rantsèl NOTES TO THE FINANCIAL STATEklENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 18. Re$trietsd Funds Icontinu•dl Analysis of grants distributed by area Inet of relurned grants) Bamsley Doncaster Rolherham Sheffield Outside South Yorkshire Returned grants 208.774 216,599 165.283 849,928 73,556 271071 1.487 033 Grants may be awarded in the financial year bul not physically paid until the followng year. The independent assessment panel may attach condition5 to the gr8nl that have to be met before payment is made. General Funds - wlth P¢vm•nont Endowment These are re5trided fijnds comprising donations from individuals. corporations and trusts that are held a5 permanent endowment fvnds that are invested wth Investec. The income generated is shown as Investment In￿me and is distributed to communities across South Yorkshire in accordance Mth the wishes of the donor. Gèneral Funds - without Pemianfjnt Endowment These funds comprise donation5 from individuals, corporations and trusts specffically for distribution lo ommunily groups ￿thIn SoLbth Yorkshire. Grassroots Endovm)ent Funds These ftJnd$ comprise donation$ from individuals, COfPOTabons and tfU5t5 and match funding PTovided by government through the Grassroots Grants EndowTnenl programme. They are held as endowTnenl and the income generated has been distributed in accordance wilh the criteria for the Grassroots Distributson Funds 88 set by the Office of the Third Sector Iwhose function5 are now part of the government Department for Digital, Cullurg, Media & Sport}. Community First Endowment Funds These funds comprise donations from individuals, corporations and trusts and match funding provided by govemment through the Communty First Endowrnenl programme. They are held as endowment and the income generaled by the Community First Funds is distributed in accordance vAth the crbteria for Communty First as set by the Office of the Third Sector. Phllanthropy C8tstysl Endowment Funds These funds comprise donations from individuals. corporation5 and trusts specifically for distribution to comrnunity gTQUPS wlhin South Yortshire. Page $8

Docusign Envelope I￿. AF29E5EF£7474o7fvB9￿9E6F￿￿ESc7sl SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED IA Comp•ny Limit•d by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Publ1¢ Sector Funds These funds are provided by public Sector bodies lo be distrlbuted to South Yorkshire communities in line wth specific programme aims. A150 included here are the ftJnd$ ¢ontributed by public sector partners lo support the South Yorkshire Funding Advice Bureau ISYFA81." a part of the Foundatson whith provides voluntary groupg with general advice, support, and infomialion about funding. Sheffielij Cty Council give a grant to support Ihis activity ￿th Sheffield based groups.. it pays lor Staff time lo give sUPPOrt to group$, helping them plan fvndrai$ing and running subgidised training sessions. Barnsley Metropolitan eorough Counal pay a grant to pay for a worker based in Barnsley. who advises groups and njns events. 80th grantg 3150 make a contribLrtion toward5 running cogts. Dlsaster Funds Flood Relief Funds Created by generous local donations to our Flood Disaster Appeal. wth match funding from the Ministry of Communities and Local Govemmenl and the National Lottery Communty Fund. these funds awarded grants to hou5ehold5 to relieve hardship caused direcdy or indirectly by the flooding in South Yorkshire in November 2019, and funded community oryanisalions supporbng the recovery and resilien¢e of communities following floods. The remaining balance after the final grants were awarded in early 2021 is being held to kick start an appeal next limè thère is a disaster caused by flooding or another disaster affeeting South Yorkshire. Covld-19 Funds These funds are made up of generous donations from individuals. corporations and trusts, both dirèctly to SYCF and the Nats"onal Emergencies Trust INETI and UKCF, and are di51ribuled to community organi5ations acrosy South Yorkshire ￿SpOnding lo and recovering from the Covid-19 pandemic. National Campalgn Funds We$leyan Foundation Fund Delivered on behalf of the Wesleyan Foundab"on through the Heart of England Foundation. The fund aim$ to help Community Groups and Organisations that focus on health, social and education.

iwill Fund Ipr•viougly branded Youth So¢l81 Action Fund)

Delivered on behalf of the Big Lottery Fund and the Office for Civil Society, they have invested £2million this year to fijnd groups delivering local youth soci81 action opporbjnities through the UK Community Foundations. Local fvndraising is also a key part of the Youth S￿101 Action programme. Thi5 lund'$ aim is to increase the number ol young people aged I￿19 into volunteering. Slr George Earle Fund Delivered on behalf of UKCF. The purpose of the fund is to Support current and former employees of Blue Circle Indu$lries in the UK or relevant sub5idiarie5 in Cases of financial hardship and lo fund local projects SUPPOTting older people facing loneliness and isolation. Care leavers programme Delivered on behalf of UKCF. The purpose of the fund is lo support care leavers,. making the transf(ion to adult life is especially drfficult for young people leaving care. South Yorkshire Community Foundation will be working wrth local authorities and other organisations to support young people in addressing any of the multitude of d)allenges they face and provide experiences and opportunities from which they may not othe￿1$e benefrt. Page 59

Do￿J￿gn Envelope ID.. AF29E5EF.C74T497&89D&P66FA2E5C761 SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED IA Company Llmlted by Guarant•el NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 19. Operatlng lease commltments AI 30 September 2024 the Charitable Company had commitment5 to make fLrture minimum lease payments under non-cancellable operating lea$e$ as follows.. 2024 2023 Not later than 1 year Later than 1 year and not later than S years 10,546 1,533 10,216 2,299 12.079 12,515 20. Ralat8d party transactions The Charitable company has ente￿￿ Into any transactions wsth related parbes during the year £9,102 12023.. £nill. There were no balances outstanding at the year end12023.. £nill. Aggregate donations made by Trustees and other related partie5 during the year lotalled £8,090 12023.. £2,710). There were no conditions or benefits attached Its these donations. Page 60