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

DogJ*fi En*tsp& 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 Limit*d 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 trc*m 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

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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.
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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.
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