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2025-09-30-accounts

Docusign Envelope ID: 94278232-1FEA-47CB-9EE0-57586EC8A9C7

Registered number: 07545536 Charity number: 1140947

SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED

(A Company Limited by Guarantee)

TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

Docusign Envelope ID: 94278232-1FEA-47CB-9EE0-57586EC8A9C7

SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED (A Company Limited by Guarantee)

CONTENTS
Page
Reference and Administrative Details of the Company, its Trustees and Advisers 1 - 2
Chair's Statement 4
CEO's Statement 5
Trustees' Report 6 - 16
Independent Auditors' Report on the Financial Statements 17 - 20
Statement of Financial Activities 21
Balance Sheet 22
Statement of Cash Flows 23
Notes to the Financial Statements 24 - 58

Docusign Envelope ID: 94278232-1FEA-47CB-9EE0-57586EC8A9C7

SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED (A Company Limited by Guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 SEPTEMBER 2025

Directors and Trustees Professor Chris Booth-Mayblin, Chair
Darren Littlewood, Vice Chair
Alex Pettifer MBE, Vice Chair
David Akeroyd
Tim Bailey
Rachael Blake (resigned 10 December 2024)
Victoria Clarke Brown FCMA, CDir, Treasurer
Laurence Gavin
Julie Gill
Adrian Kirk
Carole Diane O'Neill RGN JP
Nick Pike
David Price (appointed 26 November 2024)
Professor Jaydip Ray DL
Martin Ross
Melinda Schofield (resigned 24 June 2025)
Tricia Smith (resigned 22 October 2024)
Guy Whitehead
Company registered
number
07545536
Charity registered
number
1140947
Registered office
High Green Development Trust, The Campus
Pack Horse Lane
High Green
Sheffield
South Yorkshire
S35 3HY
Chief executive officer
Martin Singer
Independent auditors
Shorts
Chartered Accountants
Cedar House
63 Napier Street
Sheffield
South Yorkshire
S11 8HA

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Docusign Envelope ID: 94278232-1FEA-47CB-9EE0-57586EC8A9C7

SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED (A Company Limited by Guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

Bankers CAF Bank LTD Virgin Money Investment Managers Rathbones 61 Napier Street Sheffield S11 8HA Evelyn Partners 3 Wellington Place Leeds LS1 4AP CCLA One Angel Lane London EC4R 3AB

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Docusign Envelope ID: 94278232-1FEA-47CB-9EE0-57586EC8A9C7

SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED (A Company Limited by Guarantee)

Honorary Officers

These positions are honorary positions and do not have attendant governance responsibilities.

President

Professor Dame Hilary A Chapman DBE RN - H.M. Lord-Lieutenant of South Yorkshire

President Emeritus

David Moody CVO Andrew J Coombe, CVO CStJ

Vice Presidents

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 Barnsley Mayor of Doncaster Mayor of Rotherham Lord Mayor of Sheffield Chair of the Methodist Church, Sheffield District Chair of South Yorkshire Muslim Community Forum Master Cutler Chief Constable of South Yorkshire South Yorkshire Police and Crime Commissioner Chief Fire Officer, South Yorkshire Fire and Rescue Rabbi, United Synagogue Vice Chancellor, Sheffield Hallam University His Honorable Justice Richardson KC

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Docusign Envelope ID: 94278232-1FEA-47CB-9EE0-57586EC8A9C7

SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED (A Company Limited by Guarantee)

CHAIR'S STATEMENT FOR THE YEAR ENDED 30 SEPTEMBER 2025

In March 2025, we were delighted to welcome Martin Singer to SYCF as our new CEO. This followed the retirement of Ruth Willis after 12 years of leading our organisation. Change and transition can be difficult and new leadership can often pose challenges for an organisation such as ourselves, but equally it can provide the opportunity for a fresh perspective on all aspects of the organisation. I’m pleased to say that the transition was seamless and we finished the year in good financial health with a pipeline of new opportunities and a spring in our step. New leadership also affords the opportunity to build new relationships, refresh old partnerships and create new alliances. This has been a key priority for the new CEO and has laid the foundations for the development of major new grant programmes that will come to fruition in 2025/26.

A new CEO also provided the opportunity for the development of a new strategy, which the Board approved in December 2025 and hopefully set our direction of travel for the next five years. Our mission and purpose remains steadfast: to enable South Yorkshire communities to thrive by supporting community groups across our county, particularly in disadvantaged communities. Staying true to our purpose, we gave out over £2.0m of grant funding to 440 community groups, many of whom were struggling to meet increased demand, due to the cost of living crisis. However, there’s more, not only did we deliver grant funding, but we also provided funding advice and training to numerous groups throughout the region. The Foundation is one of the best kept secrets in South Yorkshire, so increasing our profile and reach is paramount. So, I’m pleased to report that we’ve had some real successes over the past year. This can only improve further as next year we celebrate our 40th anniversary and preparations are well underway to launch in January 2026.

None of our work is possible without the generous support of our donors, funders, and partners, and on behalf of SYCF I want to thank our staff, Trustees, grant panel members, our President, President Emeritus, Vice Presidents, and Honorary Vice Presidents for all their hard work, commitment and support throughout the year. Without everyone’s continued contribution we would not to be able to deliver for the people of South Yorkshire.

Professor Chris Booth-Mayblin Chair Date: 25th March 2026

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Docusign Envelope ID: 94278232-1FEA-47CB-9EE0-57586EC8A9C7

SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED (A Company Limited by Guarantee)

CEO'S STATEMENT FOR THE YEAR ENDED 30 SEPTEMBER 2025

The financial year 2024–2025 has been a period of consolidation and strategic progress for South Yorkshire’s Community Foundation (SYCF). Building on the momentum of previous years, SYCF has continued to deliver its meaningful community impact across the region, to widen its partnerships and to strengthen its financial position.

It has also been a period of organisational change, with Ruth Willis retiring in May after leading the organisation for twelve years. Everyone at SYCF is grateful to Ruth for her contribution to our successes over that time. I took over responsibility for leading the organisation in April and I am immensely proud to be part of a strong organisation that makes such a significant, positive impact on our communities.

The year has been challenging for the voluntary sector with increasing demand for community led services. The general grant fund environment has been difficult with funders commonly reporting many applications for each open round. At the same time some large funders and foundations have spent a proportion of the year reviewing their objectives and funding priorities. Voluntary sector leaders have been under immense pressure while working to ensure that their organisations continue to support their service users within a very difficult environment.

With this context in mind, we are delighted to have delivered over £2m worth of grant funding to organisations across South Yorkshire during the year. Our biggest ever year.

The partnerships that we have with our donors, and supporters are essential and we continue to be immensely grateful to those individuals and businesses who chose to work with us and whose generosity makes such a difference to so many.

We also work with a range of partners to run grant programmes on their behalf. This year, a key partner has been the South Yorkshire Integrated Care Board (SYICB) and we have worked closely with colleagues to design, manage, deliver and assess the impact of grant programmes aimed at supporting positive health outcomes. We have also been pleased to work with the South Yorkshire Combined Mayoral Authority (SYMCA), specifically while managing their Trees for Everyone programme, and developing ideas on future partnerships.

The Foundation remains well positioned financially and strategically to deliver its mission of helping communities to thrive through high impact grant giving and partnership.

Martin Singe r Chief Executive Date: 25th March 2026

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Docusign Envelope ID: 94278232-1FEA-47CB-9EE0-57586EC8A9C7

SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED (A Company Limited by Guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2025

The Trustees present their annual report together with the audited financial statements of the Company for the financial year 1 October 2024 to 30 September 2025. The Annual Report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual Report and financial statements of the Charitable Company comply with the current statutory requirements, the requirements of the Charitable Company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

About South Yorkshire Community Foundation Limited (SYCF)

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 network, UK Community Foundations (UKCF), of 47 community foundations. UKCF’s central team assists and aids the development of individual community foundations throughout the UK. The formation of our policies and our operational procedures are determined by the Trustees in conjunction with the executive staff. SYCF supports the development of a strong Community Foundation presence throughout the UK and subscribes to the quality standards agreed between UKCF and the community foundations in the Network. SYCF currently holds the Quality Accreditation for Community Foundations version 6, which was renewed in May 2025 after a detailed assessment process and will be reviewed again in or around 2028.

The charity promotes lasting charitable giving, by bringing together donors with their chosen causes, through well targeted grants that make a genuine difference and impact on the lives of local people. It acts as a vehicle for individuals, families, funders and companies, who want to put something back into their local communities, either in their lifetime or through leaving a legacy. Similar to having a charitable trust, but without the legal and administrative costs, donors can choose from a number of ways to channel their charitable giving by setting up named funds for the causes closest to their hearts.

For over 39 years, since 1986, SYCF has made grants of more than £39m to community groups and individuals across Barnsley, Doncaster, Rotherham and Sheffield, on behalf of our donors. Some grants are also given out to individuals outside South Yorkshire, through national funds such as Deakin & Withers, for women suffering hardship.

South Yorkshire Funding Advice Bureau (SYFAB), established in 1993 and acquired by SYCF in January 2014, provides funding advice, website resources and training courses to small, grassroots community groups across the region. SYFAB has secured contracts to ensure the sustainability of the service for the next 3 to 5 year.

Objectives and Activities

a. Objectives and Activities

SYCF is established under its Memorandum and Articles of Association, which were reviewed and updated in April 2023, to promote any charitable purposes:

  1. Principally for the benefit of the community in South Yorkshire 2. And in exceptional circumstances, throughout the United Kingdom and elsewhere and in particular (but without prejudice to the generality of the foregoing), the advancement of education, the promotion of good health and the relief of poverty and sickness.

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Docusign Envelope ID: 94278232-1FEA-47CB-9EE0-57586EC8A9C7

SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

Objectives and Activities (continued)

SYCF has three main aims:

  1. To help local people and businesses manage their charitable giving.

  2. To build stronger communities and enrich lives through awarding grants.

  3. To support the critical issues affecting our communities.

The Memorandum and Articles of Association 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 community activities. Grant programmes are established and developed in line with the social needs of the local communities SYCF serves, which are identified via locally based Grant Panels, three yearly Vital Signs Reports, research contracts and other research. Before any grant is made, the public benefits of the proposed activities are carefully assessed. The impact of SYCF’s grant making is then reported to funders, donors, stakeholders, staff and the Trustees as a measurement of achievement. SYCF produces an Impact Report every two 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 set out in that strategy and will be reviewed in October 2025.

Our Vision

Making a positive difference in South Yorkshire’s communities.

Our Mission

To be the most impactful, respected, trusted and sustainable funder of the voluntary, community and social enterprise sector in South Yorkshire. Engaging with donors, local people and strategic partners in programmes and projects that improve the quality of life for our communities and creating healthier, safe and better places to live.

To be a catalyst for positive change, providing community leadership to help solve problems at a local level. Encouraging charitable giving for the benefit of the communities we serve.

Our Values

We are passionate about what we do – making a difference to those in need across South Yorkshire. We care deeply about all the people in our communities, our donors – without whose generosity we could not do what we do - and our team, whose determination to always do that little bit extra makes them extraordinary.

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Docusign Envelope ID: 94278232-1FEA-47CB-9EE0-57586EC8A9C7

SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

Objectives and Activities (continued)

To achieve our Vision and Mission, in the next five years we will deploy our resources towards the following five strategic objectives:

• Produce research and intelligence on a regular basis to inform our decision making and demonstrate our impact.

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

b. Public Benefit

The Trustees confirm that they have referred to and complied with the guidance set out by the Charity Commission on public benefit. By adhering to the three main aims on page 6 and by making grants for the benefit of communities in need, in South Yorkshire, in the opinion of the Trustees, SYCF’s activities 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 on 19 April 2023. It is a registered charity No.1140947.

SYCF has powers to appoint a President, Presidents Emeritus, Vice Presidents and Honorary Vice Presidents. The managing body is formed by the Trustees of SYCF. Each Trustee is appointed at an Annual General Meeting to serve as both a member and a director of SYCF. The Trustees are the only members of SYCF.

Trustees go through an induction programme when they join SYCF, which includes the history of SYCF, its current programmes and plans and a yearly schedule of meetings, which they are expected to attend. They are given a comprehensive Trustee Handbook, which contains The Essential Trustee booklet from the Charity Commission, the latest Audited Trustees Report and Financial Statements and the Trust Deeds and Memorandum and Articles of Association of SYCF. A governance diagram, mission statement, business plan, terms of reference of the various committees, staffing diagram and outline job descriptions, together with 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 Trustees are expected to attend a grant panel as a part of their induction process to obtain a wider understanding of their new role. Trustees are invited to participate in grant panels and to attend other sub committee meetings as part of their role. A Trustee Away Day, including key members of the staff team, takes place annually at which key aspects of SYCF's future strategic development and business plans are discussed.

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Docusign Envelope ID: 94278232-1FEA-47CB-9EE0-57586EC8A9C7

SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

Objectives and Activities (continued)

d. Trustees

The Foundation has maintained robust governance arrangements and financial controls throughout the year. Alongside the four meetings of the main board, Trustees also support our committee structure. These committees are:

The current Trustees of the charitable company are listed below, including those who served during the year:

Professor Chris Booth-Mayblin Chair of Trustees and Chair of E Alex Pettifer Vice Chair, Chair of FFC, IC Darren Littlewood Vice Chair (from 22nd May 2024), E, FFC Rachael Blake GPC (resigned 10[th] December 2024) Victoria Clarke Brown FCMA, CDir IC, E (Treasurer) Carole Diane O'Neill RGN JP Chair of GPC, E, FFC Nick Pike Chair of IC, E David Price FFC (appointed 26 November 2024) Martin Ross FFC, E Tricia Smith GPC, E (resigned 22 October 2024) David Akeroyd Laurence Gavin Julie Gill IC Adrian Kirk GPC (appointed 21 May 2024) Professor Jaydip Ray DL Melinda Jane Schofield FFC (resigned 24 June 2025) Guy Whitehead GPC

e. Key Fund Investments

SYCF maintains a strong relationship with Key Fund Investments Limited (Key Fund), which it helped to found 25 years ago. Over the last few years, Key Fund has grown substantially and in 2021 its Board decided to restructure the Company to allow for new Members and a more modern set of Articles to reflect the current operations of the Company and its independence from the original Founders. In the Articles of Association both the remaining founding members, Locality and SYCF, are entitled to nominate two directors each.

In 2025, Key Fund sought to further update their articles. Key Fund explained the need to be able to nominate directors directly, if the founders were unable to do so. This change did not impact any of the voting rights or benefits of the founders. The proposal was presented to the SYCF Board by the Chair and was approved.

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Docusign Envelope ID: 94278232-1FEA-47CB-9EE0-57586EC8A9C7

SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

Objectives and Activities (continued)

f. Risk Review

The Trustees and the CEO undertake a twice-yearly detailed review of the risks that the organisation faces. All the identified risks have been mitigated as far as possible, and none remain unaddressed.

The principal risks faced by SYCF are the ongoing challenge of covering costs of operations with recurring and transitional income. This places pressure on the Trustees and staff team to deliver both our committed programmes and initiatives as well as pursuing opportunities in support of our charitable objectives, all with a view to revenue generation to assist in closing the funding gap. There is also the risk of competition from other regional initiatives and external fund raising bodies.

The other major risk is the loss of any member of staff, each one of whom is key to the activities of SYCF. This is monitored on an ongoing basis by the Trustees and more specifically by SYCF’s Executive Committee. The Risk Management Register was last reviewed by the Trustees in June 2025.

The aim of the Trustees of SYCF is to mitigate the risks of major income fluctuation by holding an appropriate level of reserves.

Achievements and performance

a. Main achievements of the Charity

Overall, SYCF was involved in delivering £2,152,005 in grant support to community groups and individuals during the year. Of this, £1,139,588 came from Statutory bodies, and £1,012,417 came from local businesses, philanthropists and trusts.

Grants paid out during the year are summarised geographically as follows:

2025 2024
£ % £ %
Barnsley 197,767 9 208,774 14
Doncaster 252,473 12 216,599 14
Rotherham 220,128 10 165,283 11
Sheffield 1,356,465 63 849,928 56
Outside South Yorkshire 125,172 6 73,556 5
Sub total 2,152,005 100 1,514,140 100
Returned grants (2,527) (27,107)
Total 2,149,478 1,487,033

Returned grants represent repayment from organisations which, for a variety of reasons, were unable to proceed with the project for which a grant had been made.

The Endowment funds under management by SYCF as at 30 September 2025 were valued at £13,475,722 (2024: £13,039,689).

b. Fundraising

To increase the amount of money available to us for grant making, SYCF proactively shares the details of our mission, objectives and activities. We engage with individuals, businesses and other partners, who may wish to support and contribute towards our mission.

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Docusign Envelope ID: 94278232-1FEA-47CB-9EE0-57586EC8A9C7

SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

Achievements and performance (continued)

Confidence in SYCF and seeing the impact of their giving are both important to our donors. We arrange and support donor site visits, which proves to be a powerful tool in closing the gap between the boardroom and the community. These visits provide the experience for the donor of seeing firsthand how their fund supports the local community, tackling key social issues and meeting beneficiaries. We also produce annual donor reports for each donor so that they can see the impact of their generosity and the performance of their investment with us.

We use research and insight to help to guide our donors on their funding priorities. We also use data from key partners such as local authorities and the NHS. We carry complete our own community insight project called Vital Signs. Our last report was published in October 2024. The Vital Signs report gives a community led view of the current facts and priorities of the people living in South Yorkshire. The priorities identified in the report are Crime and Safety, Housing and Homelessness, Disadvantage and Inequality, Work and the Local Economy.

Alongside these priorities we offer supporters and donors a range of opportunities to work with us and to invest in our communities. Examples, include new themed funds which seek to recognise the desires of donors to invest and the work of community groups in certain under supported sectors. Businesses are also invited to join our social value led networking group, South Yorkshire’s Giving Network (SYGN). This network aims to support businesses across the region with their social value strategies and to grow the number of businesses supporting the local social impact economy. SYGN members also distribute funding to community groups once a year.

c. Other notable activities during the year

We continue to chair the South Yorkshire Funders Forum, which now meets four times a year, working in collaboration with Yorkshire Funders. This brings all local and national funders and commissioners who operate in South Yorkshire together to discuss opportunities for collaborations and partnership working.

During 2024/25 we continued to develop a close working relationship with the South Yorkshire Mayoral Combined Authority (SYMCA), the South Yorkshire Integrated Care Board (SYICB), the University of Sheffield and Sheffield Hallam University. In the second part of the year, we also worked to develop our working relationships with each of the four local authorities – Barnsley Council, City of Doncaster Council, Rotherham Metropolitan Borough Council and Sheffield City Council.

We gave out £2,152,005 in grants to over 300 community groups supporting 386,600 beneficiaries during 2024/25.

South Yorkshire’s Funding Advice Bureau (SYFAB) continued to be a key part of the SYCF offer. The SYFAB team provided funding advice to community groups across the region. We hold contracts with both Barnsley and Sheffield City Councils and secured separate funding for work in Doncaster, which will continue into 2025/26. SYFAB continued to offer its expertly delivered training courses giving community groups across South Yorkshire and beyond access to high quality training which builds capacity in the sector supports financial sustainability.

SYCF continued its partnership with South Yorkshire Charity Mentors (SYCM). SYCM is a independent charity that provides free mentoring support to voluntary sector leaders and under our joint Memorandum of Understanding, SYCF aims to introduce appropriate groups to the offer. This further supports our ambition to build capacity across the sector.

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Docusign Envelope ID: 94278232-1FEA-47CB-9EE0-57586EC8A9C7

SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

Achievements and performance (continued)

d. Financial Review

The financial year under review has seen a decrease in funds of £451,882 before investment gains of £509,530, resulting in an overall increase in funds of £57,648.

We maintained our ongoing endeavours to grow both the 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 to secure training and consultancy income and to make a positive financial contribution. As always, costs were tightly controlled, and some expenditure was focussed on revenue generating activities.

We were able to distribute over £2.1m in grants, an increase from the previous year of 42.1%.

There were several new funds in this financial year, with a broad range of activities and programmes. Most notable were South Yorkshire Health & Growth Accelerator Community fund, A Tree for Everyone, Q Futures – Moving on Up, Q futures Community Fund. From the myriad of activities undertaking in the year, we were able to generate a welcome surplus on our unrestricted reserves, our operations account.

Once again, we faced a challenging financial environment at the year's outset, so achieving a surplus is a considerable achievement. The CEO and his team are to be congratulated on the achievement of a financial result so significantly better than originally forecast.

Income

Total income for the year was £2,509,647 compared with £2,725,566 in the previous year. Endowment income for the year comprised £125,080 from donors and investment income of £42,888. Restricted fund income for the year was £1,850,662. This comprised £373,067 of investment income, £437,816 from flow through funds, £948,462 from Statutory bodies, and £15,000 from mainly UKCF programmes. In addition, SYCF generated £491,017 unrestricted income to fund its general charitable activities, the largest proportion of which was cost contributions for the management of funds and projects. Investment income was £494,934 and bank interest income was £84,425.

Expenditur e

Total expenditure for the year was £2,961,529 compared with £2,236,811 for the previous year. The cost of raising funds amounted to £57,142 (2024:£49,955), investment management fees were £40,211 (2024: £40,678) and governance costs were £49,892 (2024: £53,407). £2,300,657 was defrayed on charitable activities (2024: £1,624,150) of which £2,152,005 (2024: £1,514,140) was paid out in grants.

After taking into account gains on investment assets of £509,530 (2024: gains of £1,150,930), the net increase in funds for the year was £57,648 (2024: net increase of £1,639,685).

After this net increase, total funds carried forward are £15,656,528 of which unrestricted funds are £529,011, restricted funds are £1,651,795 and endowment funds are £13,475,722.

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Docusign Envelope ID: 94278232-1FEA-47CB-9EE0-57586EC8A9C7

SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

Achievements and performance (continued)

e. Investments

Investment Polic y

SYCF delegates day to day powers of investment to Rathbones (permanent endowments) and Evelyn Partners (expendable endowments) professional fund managers, who manage the charity’s investment portfolio within pre-determined parameters of asset class. The overall objectives are to generate income to enable SYCF to carry out its grant making consistently year by year (with due and proper consideration for future needs) and to maintain and (if possible) enhance the value in real terms of the invested funds while they are retained. The criteria applied are a balance of income generation and capital growth, a medium risk profile and a discretionary mandate. The total income target is currently £455,000 per annum.

The objectives are to be achieved by investing in a broad range of fixed interest securities, equities and collective investment funds, all of which are tradeable on recognised investment exchanges. Part of the portfolio is invested in funds managed by CCLA, the selection of which is advised on by Rathbones. This arises from an obligation under the now closed Community First programme.

The policy contains a requirement to have consideration to ethical, social and governance issues when investing, with a small number of sectors specifically prohibited. SYCF’s Investment Policy and ESG Policy is reviewed on an annual basis.

Portfolio – Rathbones

A well-worn stock market adage is that equity markets climb a wall of worry, and so it has seemed in the last twelve months. Over the past year it appears, the higher the wall the better, because many equity markets around the world reached new all-time highs despite ongoing geo-political concerns and questions over continuing and higher than expected, levels of inflation. Not least of the geo-political shocks was the 'Liberation Day' announcement of a significant increase in US trade tariffs in April which caused alarm in equity markets. However, the resulting tariffs were to a large extent less stringent than first thought and in many cases negotiated away via new trade deals and concessions, although trade tension between the world's two largest economies, the US and China, remain elevated.

Of course, it has not been all gloom and doom, but it can sometimes feel that way because of the nature of media commentary, founded on an understanding that our attention tends to be drawn to bad news rather than good. The global economy has continued to grow this year, with the US economy in particular defying some gloomy forecasts to record steady if unspectacular growth, more than offsetting weakness in European economies.

From a fundamental investment perspective, the best news this year has been the consistent ability of companies to generate profit growth. This was illustrated again during the latest company results season. As has been the case for some time, US technology companies have led the way. Investors regard the adoption of artificial intelligence (AI) is an increasingly important component of this and the 'Magnificant 7' US technology giants have led US and indeed global markets higher over the year. While there are some concerns about the valuations at which these companies trade, it is undoubtedly the case that they are hugely profitable, cash generative companies, albeit investors may feel more comfortable as and when returns broaden out to other sectors of the market.

Against this backdrop, the Foundation's investments have returned 8.8% after all costs and charges in the twelve months to the end of September 2025. This compares with the ARC Steady Growth index which returned 8.0% over the same time period.

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Docusign Envelope ID: 94278232-1FEA-47CB-9EE0-57586EC8A9C7

SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

Achievements and performance (continued)

Portfolio – Evelyn

Evelyn Partners commenced managing the Foundation’s assets during the financial year with the base date for the performance measurement being taken as 31 December 2024. Over the period 31 December 2024 to 30 September 2025 the investment portfolio made a total return, net of fees of +7.71%. This compares to a return in the Asset Risk Consultants (ARC) Charity Steady Growth Index of +6.49%. The portfolio also outperformed the Consumer Price Index (CPI) +4% Index, which was recorded as +6.18% over the nine month period.

The overall net gains on investments, both realised and unrealised, were £509,530 (2024: gains of £1,150,930). The income generated in the year from investments was £494,934 (2024: £505,851).

Financial review

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

b. Reserves policy

At the balance sheet date, the total funds of SYCF were £15.7m. These comprise £13.5m in endowment funds (of which £7.3m was permanent endowment and not available for distribution and £6.1m was expendable endowment and available for distribution), £1.6m in restricted funds (available for distribution but only for the purposes specified by the donor) and £0.5m of unrestricted reserves (the ‘free reserves’ of the charity and available for and in support of its operational activities).

Being a major grant making charity operating in South Yorkshire to benefit communities in need, SYCF is required to establish and maintain its own operational resources to enable it to fulfil its charitable objectives. To support and maintain these operational resources necessitates SYCF retaining financial reserves to meet its ongoing expenditure commitments. This enables us to operate throughout the peaks and troughs of programme related funding.

As referred to in the Risk Review section of this report, SYCF faces ongoing challenges in endeavouring to ‘balance the books’ on its operational account. The levels of ‘near certain’ income and a tightly configured cost base suggest a structural deficit in the order of £100k to £150k per annum which then sets the income raising target for the year. In almost all recent years, this funding gap has been eliminated by the occurrence of revenue generating grant and activity programmes. Nevertheless, the Trustees are of the opinion that reserves should be retained to cover the potential gap for years where such programmes do not arise. They have evaluated this at two years (a period considered of sufficient length for the peaks and troughs of available funding to even out) at the mid-range level giving a reserve requirement of £250k.

In addition, the Trustees are conscious they have a responsibility for seeking income generating opportunities but recognise this may necessitate some form of investment. They have evaluated this at two such opportunities of £50k giving a reserves requirement of £100k. Such revenue generating opportunities would assist in closing any funding gap.

Therefore, the total target level of reserves set by the Trustees is £350k.

Page 14

Docusign Envelope ID: 94278232-1FEA-47CB-9EE0-57586EC8A9C7

SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

The actual reserves at the end of the financial year were £529k, representing a surplus of £179k above the target level. As referred to above, the financial climate for SYCF remains challenging. The Trustees are therefore comfortable with a c51% surplus of reserves above target recognising that this results solely from an exceptionally favourable year in financial terms in 2024/25. In forming this view, they have noted the apparently reducing number of income generating opportunities at the current time and recognised their agreed commitment to a number of ‘investments’ in projects to support income generation.

In this context, they continue to identify potential income generating activities and pursue those considered to be most beneficial and likely to succeed. If they were all successful, it should be possible to maintain the level of reserves around the target level. However, they recognise that these initiatives will take time to bear fruit.

c. Plans for the future

SYCF recognises the extensive list of challenges faced by our communities and by the voluntary sector organisations that serve them. We aim to grow our network of donors and supporters, to build our endowment and to expand our network of partners for whom we provide grant management services.

SYCF also recognises the important of technology and the need to work as efficiently as possible with the means available to us. We will be aiming to unlock as much benefit as possible from our new CRM system and from the use of some artificial intelligence software to support efficiency while retaining human oversight and judgement.

To summarise, the SYCF team will prioritise the following areas in the year ahead:

The Foundation remains well positioned financially and strategically to deliver its mission of helping communities to thrive through high impact grant giving and partnership

Structure, governance and management

a. Constitution

South Yorkshire Community Foundation Limited is registered as a charitable company limited by guarantee and was set up by a Trust deed.

b. Methods of appointment or election of Trustees

The management of the Company is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.

Page 15

Docusign Envelope ID: 94278232-1FEA-47CB-9EE0-57586EC8A9C7

SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

Statement of Trustees' responsibilities

The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

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

Disclosure of information to auditors

Each of the persons who are Trustees at the time when this Trustees' Report is approved has confirmed that:

Auditors

In accordance with s485(4) of the Companies Act 2006, a resolution to re-appoint Shorts will be proposed at the next Annual General Meeting.

Approved by order of the members of the board of Trustees on 25 March 2026 and signed on their behalf by:

Professor Chris Booth-Mayblin Chair

Page 16

Docusign Envelope ID: 94278232-1FEA-47CB-9EE0-57586EC8A9C7

SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED (A Company Limited by Guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED

Opinion

We have audited the financial statements of South Yorkshire Community Foundation Limited (the 'Charitable Company') for the year ended 30 September 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

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

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Page 17

Docusign Envelope ID: 94278232-1FEA-47CB-9EE0-57586EC8A9C7

SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED (A Company Limited by Guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED (CONTINUED)

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The Trustees are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

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

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' Report.

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

Page 18

Docusign Envelope ID: 94278232-1FEA-47CB-9EE0-57586EC8A9C7

SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED (A Company Limited by Guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED (CONTINUED)

Responsibilities of trustees

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

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

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

We assessed the susceptibility of the Charitable Company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

Page 19

Docusign Envelope ID: 94278232-1FEA-47CB-9EE0-57586EC8A9C7

SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED (A Company Limited by Guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED (CONTINUED)

To address the risk of fraud through management bias and override of controls, we:

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

There are inherent limitations in our audit procedures described above.The more removed that laws and regulations are from financial transactions, the less likely it 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 to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect 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 statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.

Use of our report

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

Howard Freeman BSc FCA (Senior Statutory Auditor)

for and on behalf of Shorts

Chartered Accountants Statutory Auditor Cedar House 63 Napier Street Sheffield South Yorkshire S11 8HA

25 March 2026

Page 20

Docusign Envelope ID: 94278232-1FEA-47CB-9EE0-57586EC8A9C7

SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED (A Company Limited by Guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 SEPTEMBER 2025

Income and
endowments from:
Donations and legacies
4
Charitable activities
4
Investments
4
Other income
4
Total income and
endowments
Expenditure on:
Raising funds
5
Charitable activities
5
Investment
management fee
5
Total expenditure
Net
income/(expenditure)
before transfers
Transfers between
funds
Other recognised
gains/(losses):
Gains/(losses) on
investments
Net movement in
funds
Reconciliation of
funds:
Total funds brought
forward
Net movement in funds
Total funds carried
forward		 Unrestricted
funds
2025
£
6,475
321,038
163,404
100
491,017
8,388
456,653
46
465,087
25,930
1,710
749
28,389
500,622
28,389
529,011		 Restricted
funds
2025
£
-
1,477,595
373,067
-
1,850,662
-
2,300,657
-
2,300,657
(449,995)
43,221
-
(406,774)
2,058,569
(406,774)
1,651,795		 Endowment
funds
2025
£
125,080
-
42,888
-
167,968
-
155,620
40,165
195,785
(27,817)
(44,931)
508,781
436,033
13,039,689
436,033
13,475,722		 Total
funds
2025
£
131,555
1,798,633
579,359
100
2,509,647
8,388
2,912,930
40,211
2,961,529
(451,882)
-
509,530
57,648
15,598,880
57,648
15,656,528		 Total
funds
2024
£
56,405
2,053,179
615,422
560
2,725,566
6,426
2,189,707
40,678
2,236,811
488,755
-
1,150,930
1,639,685
13,959,195
1,639,685
15,598,880

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 24 to 58 form part of these financial statements.

Page 21

Docusign Envelope ID: 94278232-1FEA-47CB-9EE0-57586EC8A9C7

SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED (A Company Limited by Guarantee) REGISTERED NUMBER: 07545536

BALANCE SHEET AS AT 30 SEPTEMBER 2025

Note
Fixed assets
Tangible assets
8
Investments
9
Current assets
Debtors
10
Short term deposits
Cash at bank and in hand
Current liabilities
Creditors: amounts falling due within one
year
14
Net current assets
Total net assets
Charity funds
Endowment funds
Restricted funds
Unrestricted funds
Total funds		 134,592
249,555
2,117,275
2,501,422
(96,043)		 2025
£
-
13,251,149
13,251,149
2,405,379
15,656,528
13,475,722
1,651,795
529,011
15,656,528		 153,904
92,544
2,466,021
2,712,469
(130,573)		 2024
£
-
13,016,984
13,016,984
2,581,896
15,598,880
13,039,689
2,058,569
500,622
15,598,880

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees on 25 March 2026 and signed on their behalf by:

Professor Chris Booth-Mayblin

(Chair of Trustees)

The notes on pages 24 to 58 form part of these financial statements.

Page 22

Docusign Envelope ID: 94278232-1FEA-47CB-9EE0-57586EC8A9C7

SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED (A Company Limited by Guarantee)

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 SEPTEMBER 2025

Note
Cash flows from operating activities
Net cash used in operating activities
11
Cash flows from investing activities
Investment income
Proceeds from the sale of fixed asset investments
Proceeds from the sale of investments
Cash movements of fixed asset investments
Net cash generated from investing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
12
The notes on pages 24 to 58 form part of these financial statements		 2025
£
(1,046,459)
579,359
4,637,457
(4,584,914)
222,822
854,724
(191,735)
2,558,565
2,366,830		 2024
£
(78,069)
615,422
2,673,760
(2,659,398)
-
629,784
551,715
2,006,850
2,558,565

Page 23

Docusign Envelope ID: 94278232-1FEA-47CB-9EE0-57586EC8A9C7

SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

1. General information

South Yorkshire Community Foundation Limited (SYCF/the Charitable Company) took over the activities, assets and liabilities of South Yorkshire Community Foundation, The Deakin & Withers Trust and the Samuel Roberts Trust (the unincorporated charities) with effect 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 is a company limited by guarantee (company number 07545536). The registered office is The Campus (High Green Development Trust), Pack Horse Lane, High Green, Sheffield, South Yorkshire, S35 3HY.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

South Yorkshire Community Foundation Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

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

2.2 Going concern

The financial statements have been prepared on the going concern 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 organisation to continue as a going concern for the forseeable future. The Trustees consider the forseeable future to be 12 months from the date that the financial statements are signed.

A ‘baseline’ forecast and income scenarios have been prepared. The ‘baseline’ forecast reflects income which is ‘guaranteed’ (virtually certain) and expenditure on the currently configured fullservice cost basis. This is viewed as a ‘worst case position’. The income scenarios reflect potential income sources based on current information (not available when the 'baseline' forecast was prepared) on opportunities based on a range of probabilities. All these income increase scenarios improve the financial outturn from the ‘baseline’ forecast. None of the forecasts prepared indicate an overwhelming permanent impact on SYCF’s status as a going concern, particularly in light of the expendable endowment funds referred to below

At the balance sheet date, unrestricted reserves were £529,011, of which £558,470 was held in ready access bank balances. In addition, there are certain expendable endowment funds, standing at £490,136 at the balance sheet date, which would be available to underpin operations for the medium term should the need arise.

Given the level of available reserves and liquid resources, based on the forecast and scenarios the Trustees consider SYCF will be able to continue operations on the current basis for the foreseeable future (as defined above).

Page 24

Docusign Envelope ID: 94278232-1FEA-47CB-9EE0-57586EC8A9C7

SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

2. Accounting policies (continued)

2.3 Income

All income is recognised once the Charitable Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

There are two types of endowment funding received by SYCF; Expendable Endowment and Permanent Endowment. The endowment funds are combined in a unitised investment portfolio.

Expendable Endowment Funds

Expendable endowment funds are those which arise from legacies and donations where the donor has made no specific condition that the Funds are to be held as Permanent Endowment Funds.

Permanent Endowment Funds

i) Invididuals and organisations 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 grants in accordance with the wishes of the individual donors. The capital is not distributed.

ii) Individual funds may be set up for amounts in excess of £25,000. The General Endowment Fund includes legacies and donations where the donor has not specifically requested a named fund together with smaller donations.

Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Other income is recognised in the period in which it is receivable and to the extent of the service has been completed.

SYFAB training and consultancy income is recognised as and when the service is provided.

Page 25

Docusign Envelope ID: 94278232-1FEA-47CB-9EE0-57586EC8A9C7

SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

2. Accounting policies (continued)

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit 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. Expenditure 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 activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on raising funds includes all expenditure incurred by the Charitable Company to raise funds for its charitable purposes and includes costs of all fundraising activities, events and noncharitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which 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 except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

All expenditure is inclusive of irrecoverable VAT.

Page 26

Docusign Envelope ID: 94278232-1FEA-47CB-9EE0-57586EC8A9C7

SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

2. Accounting policies (continued)

2.5 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of Financial Activities.

2.6 Financial instruments

The Charitable Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value (including transaction costs except in the initial measurement of financial assets and liabilities that are measured at fair value through profit or loss) and subsequently measured at amortised cost using the effective interest method. Investments, though classified as basic financial instruments, are measured at fair value through profit or loss.

2.7 Operating leases

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the lease term.

2.8 Pensions

The Charitable Company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charitable Company to the fund in respect of the year.

2.9 Fund accounting

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

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

Endowment funds represent those assets which are held long term on trust by the Charitable Company for the benefit of SYCF.

3. Critical accounting estimates and areas of judgement

Preparation of the financial statements requires management to make significant judgements and estimates. There are no such items in these financial statements.

Page 27

Docusign Envelope ID: 94278232-1FEA-47CB-9EE0-57586EC8A9C7

SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

4. Total income

Unrestricted
funds		 Restricted
funds		 Endowment
funds		 Total
2025		 Total
2024
Income £ £ £ £ £
Donations
Friends and members schemes 4,520 - - 4,520 4,741
Donations and legacies 1,955 - 125,080 127,035 51,664
6,475 - 125,080 131,555 56,405
Investments
Investment income 78,979 373,067 42,888 494,934 505,851
Bank interest 84,425 - - 84,425 109,571
163,404 373,067 42,888 579,359 615,422
Charitable activities
Funds for distribution as
grants:
Statutory - 948,462 - 948,462 1,110,340
National Campaign - 15,000 - 15,000 40,200
Individual and corporate - 437,816 - 437,816 483,068
Disaster - - - - 17,619
Individual and corporate - 1,401,278 - 1,401,278 1,651,227
Management fees
Statutory 125,906 - - 125,906 96,893
National Campaign 1,500 - - 1,500 5,306
Individual and corporate 51,282 - - 51,282 48,185
CCG (10,000) - - (10,000) 19,000
SYCF Endowment funds 91,644 - - 91,644 86,200
Other - - - - 9,200
Other trusts managed by SYCF 25,000 - - 25,000 25,000
285,332 - - 285,332 289,784
Training courses / consultancy 19,352 - - 19,352 17,155
Statutory - 76,317 - 76,317 76,917
Grants 16,354 - - 16,354 18,096
35,706 76,317 - 112,023 112,168
Total charitable activities 321,038 1,477,595 1,798,633 2,053,179
Other income
Miscellaneous 100 - - 100 560
Total income 491,017 1,850,662 167,968 2,509,647 2,725,566

Page 28

Docusign Envelope ID: 94278232-1FEA-47CB-9EE0-57586EC8A9C7

SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

5. Total expenditure

Raising
funds		 Governance Charitable
activities		 Investment
costs		 Total
2025		 Total
2024
Direct costs £ £ £ £ £ £
Salaries and associated
costs		 42,610 25,064 211,131 - 278,805 292,699
Office costs 4,838 2,059 33,422 - 40,319 34,360
Activity expenses 2,613 686 65,480 - 68,779 99,478
Professional fees - 1,563 - - 1,563 7,133
Auditors'remuneration - 16,355 - - 16,355 18,839
Apportioned support
costs
Salaries and associated
costs		 6,144 3,614 41,450 - 51,208 29,536
Office costs 698 410 4,703 - 5,811 2,788
Activity expenses 239 141 1,613 - 1,993 1,100
Professional fees - - - 46 46 49
57,142 49,892 357,799 46 464,879 485,982
Evelyn Investment
Drawdown		 - - 208 - 208 -
Total unrestricted
costs		 57,142 49,892 358,007 46 465,087 485,982
Grants distributed (net of
returned grants)		 - - 2,149,478 - 2,149,478 1,487,033
Investment management
fees		 - - - 40,165 40,165 40,629
Endowment management
fees		 - - 89,769 - 89,769 86,050
Other management fees - - 25,000 - 25,000 25,000
Returned to funder - - 49,862 - 49,862 -
Evelyn Investment
Drawdown		 - - 65,851 - 65,851 -
DiverseCity (REN) - - - - - 35,200
SYFAB salaries - - 76,317 - 76,317 76,917
57,142 49,892 2,814,284 40,211 2,961,529 2,236,811

Support Costs

Support costs represent expenditure by SYCF, other than grants, in direct support of its charitable objects and have been allocated based on expenditure that can be directly attributed and on staff hours. Raising funds - 12%, Governance - 7%, Costs of Charitable Activities - 81%.

Weekly staff hours analysis

Raising funds Governance costs Charitable activities Total Raising funds Governance costs Charitable activities Total Raising funds Governance costs Charitable activities Total Raising funds Governance costs Charitable activities Total
Staff hours 51
30		 345
 426
Support hours 2
1		 12
 15
Total 53
31		 357
 441

Page 29

Docusign Envelope ID: 94278232-1FEA-47CB-9EE0-57586EC8A9C7

SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

6. Staff costs

Wages and salaries
Social security costs
Employer's pension contributions		 2025
£
364,366
28,572
13,392
406,330		 2024
£
359,691
25,809
13,653
399,153

The average number of persons employed by the Company during the year was as follows:

2025 2024
No. No.
Employees 14 15

The average headcount expressed as full-time equivalents was 11.8 (2024: 12.0).

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

2025 2024
No. No.
In the band £70,001 - £80,000 - 1

The key management personnel of the charity consist of the Chief Executive Officer, Head of Philanthropy & Programmes, Head of SYFAB (Shared post), Grants & Partnerhip Manager, Grant Officers, Grants Administrator, Barnsley Development Worker, SYFAB Training Coordinator, Business Services Manager, Philanthropy Coordinator, Finance Manager, Marketing and Communications Manager, Programmes & Project Coordinator. The total remuneration of the key management personnel was £403,586 (2024: £399,189).

7. Trustees' remuneration and expenses

During the year ended 30 September 2025, no Trustees received any remuneration or other benefits (2024 - £nil).

During the year ended 30 September 2025, no Trustee expenses have been incurred (2024 - £nil).

Page 30

Docusign Envelope ID: 94278232-1FEA-47CB-9EE0-57586EC8A9C7

SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

8.
Tangible fixed assets
Cost
At 1 October 2024
At 30 September 2025
Depreciation
At 1 October 2024
At 30 September 2025
Net book value
At 30 September 2025
At 30 September 2024
SYCF's office equipment is used at its offices to support the work of its staff.		 Office
equipment
£
8,410
8,410
8,410
8,410
-
-

Page 31

Docusign Envelope ID: 94278232-1FEA-47CB-9EE0-57586EC8A9C7

SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

9. Fixed asset investments

Cost or valuation
At 1 October 2024
Additions
Disposals
Revaluations
At 30 September 2025
Net book value
At 30 September 2025
At 30 September 2024
Historical cost at 30 September 2025 was £10,519,270 (2024: £10,192,040).
At 30 September 2025 the following investments exceeded 5% of the market value:
Vanguard Funds: £1,293,144		 Listed
investments
£
13,016,984
4,584,914
(4,860,279)
509,530
13,251,149
13,251,149
13,016,984

The difference between the market value and the historic cost of investments is largely held in Endowment Funds.

10. Debtors

Due within one year
Trade debtors
Other debtors
Prepayments and accrued income		 2025
£
9,876
111,939
12,777
134,592		 2024
£
16,529
126,896
10,479
153,904

Page 32

Docusign Envelope ID: 94278232-1FEA-47CB-9EE0-57586EC8A9C7

SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

11. Reconciliation of net movement in funds to net cash flow from operating activities

Net income/expenditure for the year (as per Statement of Financial
Activities)
Adjustments for:
Investment income
Decrease in debtors
(Decrease) / increase in creditors
Net cash used in operating activities
Analysis of cash and cash equivalents
Unrestricted cash balances
Restricted cash balances
Short term investments
Total cash and cash equivalents		 2025
£
(451,882)
(579,359)
19,312
(34,530)
(1,046,459)
2025
£
558,470
1,558,805
249,555
2,366,830		 2024
£
488,755
(615,422)
24,467
24,131
(78,069)
2024
£
447,432
2,018,589
92,544
2,558,565

12. Analysis of cash and cash equivalents

Unrestricted cash balances represents the amount available to fund the operations of the Charitable Company.

13. Analysis of changes in net debt

Cash at bank and in hand
Liquid investments		 At 1
October
2024
£
2,466,021
92,544
2,558,565		 Cash flows
£
(348,746)
157,011
(191,735)		 At 30
September
2025
£
2,117,275
249,555
2,366,830

Page 33

Docusign Envelope ID: 94278232-1FEA-47CB-9EE0-57586EC8A9C7

SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

14. Creditors: Amounts falling due within one year

Trade creditors
Other creditors
Accruals and deferred income		 2025
£
7,284
17,224
71,535
96,043		 2024
£
3,481
74,676
52,416
130,573

15. Financial instruments

2025 2024
£ £
Financial assets
Investments carried at fair value 13,251,149 13,016,985

Investment valuations are advised by Rathbones, Evelyn Partners and CCLA. Investments are valued on the basis of mid market prices from the appropriate Stock Exchange or from the relevant fund manager. Where fund managers publish a single price (ie. for OEICS) the valuation has been prepared on the basis of the published price. The prices of financial instruments subject to low liquidity due to their specific financial charateristics (ie. Private Equities) are evaluated on a best endeavours basis.

Page 34

Docusign Envelope ID: 94278232-1FEA-47CB-9EE0-57586EC8A9C7

SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

16. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted
funds
2025
£
Fixed asset investments
14,501
Current assets
593,378
Creditors due within one year
(78,868)
Total
529,011		 Restricted
funds
2025
£
-
1,658,488
(6,693)
1,651,795		 Endowment
funds
2025
£
13,236,648
249,556
(10,482)
13,475,722		 Total
funds
2025
£
13,251,149
2,501,422
(96,043)
15,656,528

Analysis of net assets between funds - prior year

Fixed asset investments
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2024
£
13,904
543,578
(56,860)
500,622		 Restricted
funds
2024
£
-
2,070,642
(12,073)
2,058,569		 Endowment
funds
2024
£
13,003,080
98,249
(61,640)
13,039,689		 Total
funds
2024
£
13,016,984
2,712,469
(130,573)
15,598,880

Page 35

Docusign Envelope ID: 94278232-1FEA-47CB-9EE0-57586EC8A9C7

SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

17. Endowment Funds

Permanent Endowments Total as at 30
September
2024		 Investment
income		 Transfer Investment
management
fees		 SYCF
management
fees 24/25		 Net
movement in
market value
of investment
Total as at 30
September
2025
Doncaster Chamber Benevolent Fund 10,028 - (45) (36) - 473
10,420
The AESSEAL Charitable Trust Grassroots Endowment Fund
for South Yorkshire		 1,033,585 40,385 (45,380) (3,730) (10,175) 49,833
1,064,518
Jackie Drayton Lord Mayor of Sheffield 2006/7 Grassroots Fund 13,719 - (61) (49) (212) 638
14,035
Cutlers'Company Grassroots Fund 283,365 - (1,259) (1,007) (4,380) 13,175
289,894
Employment Bond Grassroots Fund for SY 461,270 - (2,049) (1,639) (7,129) 21,445
471,898
Anonymous Grassroots Fund for SY 48,963 - (218) (174) (757) 2,277
50,091
Great Barnsley Grassroots Fund 9,773 - (44) (35) (151) 454
9,997
Great Doncaster Grassroots Fund 22,261 - (100) (79) (344) 1,035
22,773
Great Rotherham Grassroots Fund 43,094 - (192) (153) (666) 2,003
44,086
Great Sheffield Grassroots Fund 36,262 - (162) (129) (560) 1,686
37,097
Henry Boot Grassroots Fund 70,942 - (315) (252) (1,096) 3,298
72,577
HSBC Grassroots Fund 23,617 - (105) (84) (365) 1,098
24,161
Loscar Wind Farm Community Grassroots 139,052 - (618) (494) (2,149) 6,464
142,255
Neil & Julie MacDonald Grassroots Fund 303,625 - (1,349) (1,079) (4,693) 14,117
310,621
P&A Group Grassroots Fund 29,675 - (132) (105) (459) 1,380
30,359
Carried Forward 2,529,231 40,385 (52,029) (9,045) (33,136) 119,376
2,594,782

Page 36

Docusign Envelope ID: 94278232-1FEA-47CB-9EE0-57586EC8A9C7

SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

Total as at 30
September
2024		 Investment
income		 Transfer Investment
management
fees		 SYCF
management
fees 24/25		 Net
movement in
market value
of investment
Total as at 30
September
2025
Rathbones Grassroots 49,161 - (218) (175) (760) 2,286
50,294
Rotary Club of Hallam Grassroots Fund 24,594 - (109) (87) (380) 1,143
25,161
Senta Grassroots Fund for SY 56,155 - (249) (200) (868) 2,611
57,449
South Yorkshire Grassroots Fund 5,025 - (22) (18) (78) 233
5,140
South Yorkshire Open Forum Grassroots Fund 512,099 - (2,275) (1,819) (7,915) 23,809
523,899
Trustees and Supporters Grassroots Fund 46,336 - (206) (165) (716) 2,155
47,404
UK Steel Enterprise Grassroots Fund 138,798 - (617) (493) (2,145) 6,453
141,996
Wilkinson Institutional Grassroots Fund 222,435 - (988) (790) (3,438) 10,341
227,560
The Samuel Roberts Trust Grassroots Fund 471,336 - (2,094) (1,675) (7,285) 21,914
482,196
Hallamshire Battallion Grassroots Fund 118,933 - (528) (422) (1,838) 5,529
121,674
William Cook Charitable Grassroots Fund 34,363 - (153) (122) (531) 1,598
35,155
The Doncaster Community Grassroots Fund 73,182 - (325) (260) (1,131) 3,402
74,868
The Lloyd Grassroots Fund 28,915 - (128) (103) (447) 1,344
29,581
The Hugh and Ruby Sykes Grassroots Fund 23,828 - (106) (85) (368) 1,108
24,377
The Hallamshire Battallion Fund 34,159 - (152) (122) - 1,608
35,493
John Laing Fund 96,882 - (430) (345) - 4,560
100,667
Keepmoat Fund 42,200 - (187) (151) - 1,987
43,849
Rathbones 33,232 - (148) (118) - 1,564
34,530
Hugh and Ruby Sykes Fund 73,876 - (328) (263) - 3,477
76,762
Carried Forward 4,614,740 40,385 (61,292) (16,458) (61,036) 216,498
4,732,837

Page 37

Docusign Envelope ID: 94278232-1FEA-47CB-9EE0-57586EC8A9C7

SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

Total as at 30
September
2024		 Investment
income		 Transfer Investment
management
fees		 SYCF
management
fees 24/25		 Net
movement in
market value
of investment		 Total as at 30
September
2025
The Lacewood Trust 196,232 - (872) (700) - 9,238 203,898
South Yorkshire Outdoor Pursuits Trust Fund 169,246 - (752) (603) - 7,968 175,859
Yorkshire & Lancaster (Barnsley) Fund 288,819 - (1,283) (1,030) - 13,597 300,103
Deakin & Withers Trust 1,872,670 - (8,320) (6,679) - 88,154 1,945,825
Total Permanent Endowment 7,141,707 40,385 (72,519) (25,470) (61,036) 335,455 7,358,522

Page 38

Docusign Envelope ID: 94278232-1FEA-47CB-9EE0-57586EC8A9C7

SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

17. Endowment Funds (continued)

Expendable
endownments		 Total as at 30
September
2024		 Income Investment
income		 Gift aid Evelyn capital
drawdown		 Transfer Investment
management
fee		 SYCF
management
fee 24/25		 Net
movement in
market value
of investment
Total as at 30
September
2025
Acorn Fund 25,075 - 149 - (376) 182 (84) - 1,391
26,337
Arthur Lee
Charitable Fund		 108,017 - - - (1,612) 783 (361) - 5,848
112,675
AESSEAL CF B
Fund Expendable
Capital Growth		 163,988 - - - (2,448) 1,188 (548) - 8,880
171,060
Anonymous Donor 20,484 9,880 462 - (415) 182 (91) (487) 1,978
31,993
The Barnsley
Community Fund		 183,705 - - - (2,742) 1,331 (614) - 9,947
191,627
Booth-Mayblin
Family Acorn Fund		 4,858 5,000 430 2,500 (198) 95 (37) (210) 1,374
13,812
Dabinett Family
Charitable Fund		 - 48,500 - 12,125 (453) - (92) (949) 3,262
62,393
David Price
Charitable Fund &
The Liz & Terry
Bramall Foundation
Philanthropy Catalyst
Fund		 98,440 - - - (1,469) 713 (329) (1,539) 5,329
101,145
Carried Forward 604,567 63,380 1,041 14,625 (9,713) 4,474 (2,156) (3,185) 38,009
711,042

Page 39

Docusign Envelope ID: 94278232-1FEA-47CB-9EE0-57586EC8A9C7

SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

Total as at 30
September
2024		 Income Investment
income		 Gift aid Evelyn capital
drawdown		 Transfer Investment
management
fee		 SYCF
management
fee 24/25		 Net
movement in
market value
of investment
Total as at 30
September
2025
Doncaster
Community
Endowment Fund		 154,964 - - - (2,313) 1,123 (518) - 8,391
161,647
Frank & Pat Carter
Family Fund		 50,564 - - - (755) 366 (169) (791) 2,739
51,954
General Fund 469,874 - - - (7,012) 3,405 (1,570) - 25,439
490,136
George and Clara
Ann Hall Fund		 114,788 - - - (1,713) 832 (384) - 6,215
119,738
Heald Head Cottage 94,818 - - - (1,415) 687 (317) (1,482) 5,132
97,423
Henry Boot Fund 43,339 - - - (647) 314 (145) (678) 2,347
44,530
Henry Boot
Charitable Fund &
The Liz & Terry
Bramall Foundation
Philanthropy Catalyst
Fund		 45,610 - - - (681) 331 (153) (713) 2,469
46,863
Hepworth Fund 53,836 - - - (804) 390 (180) - 2,915
56,157
High Sheriff of South
Yorkshire Fund		 17,731 - 718 - (273) 131 (61) (290) 1,121
19,077
Hunter Community
Fund		 23,051 - - - (344) 167 (77) (360) 1,248
23,685
Jonathan Hunt
Family Fund		 15,004 1,200 649 300 (254) 122 (55) (270) 1,021
17,717
Carried Forward 1,688,146 64,580 2,408 14,925 (25,924) 12,342 (5,785) (7,769) 97,046
1,839,969

Page 40

Docusign Envelope ID: 94278232-1FEA-47CB-9EE0-57586EC8A9C7

SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

Total as at 30
September
2024		 Income Investment
income		 Gift aid Evelyn capital
drawdown		 Transfer Investment
management
fee		 SYCF
management
fee 24/25		 Net
movement in
market value
of investment
Total as at 30
September
2025
JP Morgan Fleming
Fund		 57,845 - - - (863) 419 (193) - 3,132
60,340
Ken & Janet Cooke
Charitable Fund &
The Liz & Terry
Bramall Foundation
Philanthropy Cataylst
Fund		 56,320 - - - (841) 408 (188) (881) 3,049
57,867
Mrs Audery May
Hampshire Lowe
Fund		 283,535 - - - (4,232) 2,055 (948) - 15,352
295,762
Mark Dransfield &
Deborah Holmes
Charitable Fund &
The Liz & Terry
Bramall Foundation
Philanthropy Catalyst
Fund		 204,432 - - - (3,051) 1,482 (683) (3,196) 11,066
210,050
Pedder Family
Charitable Fund		 364,678 35,000 - 8,750 (5,992) 2,893 (1,311) (6,373) 21,218
418,863
Rotherham
Community Fund		 83,732 - - - (1,250) 607 (280) - 4,534
87,343
SAAD CF B Fund -
Expendable Capital
Growth		 46,923 - - - (700) 340 (157) - 2,541
48,947
Carried Forward 2,785,611 99,580 2,408 23,675 (42,853) 20,546 (9,545) (18,219) 157,938
3,019,141

Page 41

Docusign Envelope ID: 94278232-1FEA-47CB-9EE0-57586EC8A9C7

SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

Total as at 30
September
2024		 Income Investment
income		 Gift aid Evelyn capital
drawdown		 Transfer Investment
management
fee		 SYCF
management
fee 24/25		 Net
movement in
market value
of investment
Total as at 30
September
2025
Sarah Beckett
Charitable Fund &
The Liz & Terry
Bramall Foundation
Philanthropy Catalyst
Fund		 80,181 - - - (1,197) 581 (268) (1,254) 4,341
82,384
Sir Samuel Osborn
Fund		 395,154 - - - (5,898) 2,864 (1,321) - 21,395
412,194
The Sheffield
Community Fund		 23,254 - - - (347) 169 (78) - 1,259
24,257
Sir George Franklin
Fund		 82,351 - - - (1,229) 597 (275) - 4,458
85,902
Stanley Race
Community Fund &
The Liz & Terry
Bramall Foundation
Philanthropy Catalyst
Fund		 202,445 - - - (3,022) 1,467 (677) (3,165) 10,959
208,007
Stanley Race
Bursary Fund & The
Liz & Terry Bramall
Foundation
Philanthropy Catalyst
Fund		 95,148 - - - (1,420) 690 (318) (1,488) 5,150
97,762
SYGN 2,297 1,707 95 118 (39) (4,106) (8) - (64)
-
Carried Forward 3,666,441 101,287 2,503 23,793 (56,005) 22,808 (12,490) (24,126) 205,436
3,929,647

Page 42

Docusign Envelope ID: 94278232-1FEA-47CB-9EE0-57586EC8A9C7

SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

Total as at 30
September
2024		 Income Investment
income		 Gift aid Evelyn capital
drawdown		 Transfer Investment
management
fee		 SYCF
management
fee 24/25		 Net
movement in
market value
of investment
Total as at 30
September
2025
The Abaculi
Endowment Fund		 65,577 - - - (979) 475 (219) (1,025) 3,550
67,379
The Sheffield
Benefactor Fund		 179,993 - - - (2,687) 1,304 (602) - 9,747
187,755
The Bloomer Family
Rotherham Fund &
The Liz & Terry
Bramall Foundation
Philanthropy Catalyst
Fund		 114,653 - - - (1,711) 831 (383) (1,792) 6,205
117,803
The Gregory Family
Fund & The Liz &
Terry Bramall
Foundation
Philanthropy Catalyst
Fund		 50,860 - - - (759) 369 (170) (795) 2,753
52,258
The Marven Gardling
Fund & The Liz &
Terry Bramall
Foundation
Philanthropy Catalyst
Fund		 63,653 - - - (950) 461 (213) (995) 3,445
65,401
Tinsley Relief in
Sickness Fund		 118,127 - - - (1,763) 856 (395) - 6,396
123,221
Carried Forward 4,259,304 101,287 2,503 23,793 (64,854) 27,104 (14,472) (28,733) 237,532
4,543,464

Page 43

Docusign Envelope ID: 94278232-1FEA-47CB-9EE0-57586EC8A9C7

SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

Total as at 30
September
2024		 Income Investment
income		 Gift aid Evelyn capital
drawdown		 Transfer Investment
management
fee		 SYCF
management
fee 24/25		 Net
movement in
market value
of investment
Total as at 30
September
2025
William Cook CFB -
Expendable Capital		 66,768 - - - (997) 484 (223) - 3,616
69,648
The AESSEAL
Charitable Trust
Community First
Fund SY		 742,417 - - - - - - - (32,032)
710,385
The Sheffield
Association in Aid of
the Audit Deaf
Community First
Fund for Sheffield		 188,760 - - - - - - - (8,145)
180,615
William Cook
Charitable
Community First
Fund-SY		 480,729 - - - - - - - (20,742)
459,987
Anonymous
Community First
Endowment Fund		 11,819 - - - - - - - (511)
11,308
Community First
Fund South
Yorkshire		 31,655 - - - - - - - (1,365)
30,290
The Doncaster
Community First
Fund		 39,135 - - - - - - - (1,689)
37,446
Carried Forward 5,820,587 101,287 2,503 23,793 (65,851) 27,588 (14,695) (28,733) 176,664
6,043,143

Page 44

Docusign Envelope ID: 94278232-1FEA-47CB-9EE0-57586EC8A9C7

SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

Total as at 30
September
2024
Income
Investment
income
Gift aid
Evelyn capital
drawdown
Transfer
Investment
management
fee
SYCF
management
fee 24/25
Net
movement in
market value
of investment
Total as at 30
September
2025		 Total as at 30
September
2024
Income
Investment
income
Gift aid
Evelyn capital
drawdown
Transfer
Investment
management
fee
SYCF
management
fee 24/25
Net
movement in
market value
of investment
Total as at 30
September
2025		 Total as at 30
September
2024
Income
Investment
income
Gift aid
Evelyn capital
drawdown
Transfer
Investment
management
fee
SYCF
management
fee 24/25
Net
movement in
market value
of investment
Total as at 30
September
2025		 Total as at 30
September
2024
Income
Investment
income
Gift aid
Evelyn capital
drawdown
Transfer
Investment
management
fee
SYCF
management
fee 24/25
Net
movement in
market value
of investment
Total as at 30
September
2025		 Total as at 30
September
2024
Income
Investment
income
Gift aid
Evelyn capital
drawdown
Transfer
Investment
management
fee
SYCF
management
fee 24/25
Net
movement in
market value
of investment
Total as at 30
September
2025		 Total as at 30
September
2024
Income
Investment
income
Gift aid
Evelyn capital
drawdown
Transfer
Investment
management
fee
SYCF
management
fee 24/25
Net
movement in
market value
of investment
Total as at 30
September
2025		 Total as at 30
September
2024
Income
Investment
income
Gift aid
Evelyn capital
drawdown
Transfer
Investment
management
fee
SYCF
management
fee 24/25
Net
movement in
market value
of investment
Total as at 30
September
2025		 Total as at 30
September
2024
Income
Investment
income
Gift aid
Evelyn capital
drawdown
Transfer
Investment
management
fee
SYCF
management
fee 24/25
Net
movement in
market value
of investment
Total as at 30
September
2025		 Total as at 30
September
2024
Income
Investment
income
Gift aid
Evelyn capital
drawdown
Transfer
Investment
management
fee
SYCF
management
fee 24/25
Net
movement in
market value
of investment
Total as at 30
September
2025		 Total as at 30
September
2024
Income
Investment
income
Gift aid
Evelyn capital
drawdown
Transfer
Investment
management
fee
SYCF
management
fee 24/25
Net
movement in
market value
of investment
Total as at 30
September
2025		 Total as at 30
September
2024
Income
Investment
income
Gift aid
Evelyn capital
drawdown
Transfer
Investment
management
fee
SYCF
management
fee 24/25
Net
movement in
market value
of investment
Total as at 30
September
2025
The Henry Boot
Community First
Fund		 32,716 - - - - - - - (1,411) 31,305
R Children's Trust
Community First
Fund		 44,679 - - - - - - - (1,927) 42,752
Capital Expendable
Funds		 5,897,982 101,287 2,503 23,793 (65,851) 27,588 (14,695) (28,733) 173,326 6,117,200
Total Endowment
Funds		 13,039,689 101,287 42,888 23,793 (65,851) (44,931) (40,165) (89,769) 508,781 13,475,722

£44,931 was transferred from endowment funds. The transfers to restricted funds principally relate to the annual total return transfer on the AESSEAL Grassroots Endowment Fund. These funds are represented by fixed asset investments and short term deposits awaiting investment by the Trustees. To assist with the allocation of income earned on these assets each fund is allocated a unit share of these assets based on the value of the investments when donations are made. Unless agreed otherwise, 85% of the investment income of the permanent endowment funds is allocated to relevant restricted (distribution) fund for grants and the remainder to the administration fund. For full details of the funds, please see our website www.sycf.org.uk.

Page 45

Docusign Envelope ID: 94278232-1FEA-47CB-9EE0-57586EC8A9C7

SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

18. Restricted Funds

The restricted funds of SYCF are distributed as grants throughout South Yorkshire and comprise the following unexpended balances of donations and investment income held on trust to be applied for a specific purpose

Total as at 30
September
2024		 Investment
income		 Grant
expenditure		 SYCF
management
fees
Total as at 30
September
2025
Arthur Lee Charitable Fund 12,985 3,319 (2,000) -
14,304
Yorkshire & Lancaster (Barnsley) Fund 5,304 9,442 (9,900) -
4,846
Dabinett Family Charitable Fund - 888 - -
888
Doncaster Chamber Benevolent Fund 248 328 (488) -
88
Doncaster Community Endowment Fund 2,186 3,763 (4,437) -
1,512
Deakin & Withers Fund 217,993 72,024 (112,955) (25,000)
152,062
George & Clara Ann Hall Fund 5,185 2,787 (1,100) -
6,872
General Fund 3 - - -
3
The Hallamshire Battalion Fund 2,462 806 (1,700) -
1,568
Heald Head Cottage Charitable Fund 2,108 3,743 (3,943) -
1,908
Henry Boot Fund 1,280 1,711 (2,119) -
872
Hepworth Fund 1,831 1,806 - -
3,637
High Sheriff of South Yorkshire Fund 783 - (783) -
-
Hugh & Ruby Sykes Fund 1,606 2,102 (2,621) -
1,087
Anonymous Family Fund - 591 - -
591
J P Morgan Fleming Fund 1,257 1,609 (2,475) -
391
Keepmoat Fund 1,996 1,201 - -
3,197
Carried Forward 257,227 106,120 (144,521) (25,000)
193,826

Page 46

Docusign Envelope ID: 94278232-1FEA-47CB-9EE0-57586EC8A9C7

SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

Total as at 30
September
2024
Investment
income
Grant
expenditure
SYCF
management
fees
Total as at 30
September
2025		 Total as at 30
September
2024
Investment
income
Grant
expenditure
SYCF
management
fees
Total as at 30
September
2025		 Total as at 30
September
2024
Investment
income
Grant
expenditure
SYCF
management
fees
Total as at 30
September
2025		 Total as at 30
September
2024
Investment
income
Grant
expenditure
SYCF
management
fees
Total as at 30
September
2025		 Total as at 30
September
2024
Investment
income
Grant
expenditure
SYCF
management
fees
Total as at 30
September
2025		 Total as at 30
September
2024
Investment
income
Grant
expenditure
SYCF
management
fees
Total as at 30
September
2025
Lacewood Trust Fund 23,826 4,595 (9,000) - 19,421
John Laing Fund 4,582 2,756 (5,702) - 1,636
Mrs Audrey May Hampshire Lowe Fund 11,374 6,236 (3,918) - 13,692
Rathbones Fund 236 779 (582) - 433
Rotherham Community Fund 1,850 2,329 (3,510) - 669
Roy Darlinson Acorn Fund 1,359 695 - - 2,054
Pedder Family Charitable Fund 13,742 15,414 (14,000) - 15,156
Sir Samuel Osborn Fund 24,191 8,691 (6,550) - 26,332
Sir George Franklin Fund 7,615 2,417 (1,850) - 8,182
The Abaculi Fund 11,726 2,589 (3,000) - 11,315
The Hunter Community Fund 681 910 (1,127) - 464
The Sheffield Benefactors Fund 12,007 5,282 - - 17,289
The Sheffield Community Fund 929 565 (1,267) - 227
The Barnsley Community Fund 2,591 4,461 (5,260) - 1,792
South Yorkshire Outdoor Pursuits Trust Fund 2,057 3,968 (4,927) - 1,098
Tinsley Relief in Sickness Fund 1,966 3,286 (4,452) - 800
Total funds with permanent endowments 377,959 171,093 (209,666) (25,000) 314,386

Page 47

Docusign Envelope ID: 94278232-1FEA-47CB-9EE0-57586EC8A9C7

SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

18. Restricted Funds (continued)

Total as at 30
September
2024		 Investment
income		 Income from
donations
and grants		 Grant
expenditure		 Transfers /
other
expenditure
Total as at 30
September
2025
AESSEAL Lieutenancy Fund 99,723 - 92,000 (86,870) -
104,853
Blackstone Edge Wind Farm Community Fund 14,489 - 11,231 (10,600) -
15,120
Blackstone Edge Wind Farm Low Carbon 1,862 - - - -
1,862
Bramall Foundation Moving on Up 50,780 - - (45,780) -
5,000
Digital Connectivety Fund 40,000 - 1,500 (41,379) -
121
Cost of Living-South Yorkshire 11,071 - - (11,071) -
-
Expect Youth Fund 4,199 - - (4,199) -
-
Harry Harpham Memorial Fund 93 - - - -
93
Loscar Wind Farm Community Fund 7,453 - 10,853 (15,346) -
2,960
Moving on Up-General 1,260 - 180 (1,440) -
-
Park Spring Wind Farm Community Benefits Fund 10,346 - 57,071 (63,012) -
4,405
Q Futures-Moving on up Fund - - 45,000 (37,416) -
7,584
Q Futures-Community Fund - - 88,541 (34,965) -
53,576
Legacy Fund 26,162 - 40,000 (17,790) -
48,372
SEGA Programme 26,000 - - (25,191) -
809
Sheffield Chamber of Commerce Fund 1,120 - 28 (389) -
759
Social Enterprise Exchange (SSE) 14,026 - - - -
14,026
South Yorkshire Resilience Fund 786 - - - -
786
Carried Forward 309,370 - 346,404 (395,448) -
260,326

Page 48

Docusign Envelope ID: 94278232-1FEA-47CB-9EE0-57586EC8A9C7

SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

Total as at 30
September
2024		 Investment
income		 Income from
donations
and grants		 Grant
expenditure		 Transfers /
other
expenditure		 Total as at 30
September
2025
SToRMS: The Dan McAllister Foundation Fund 35 - - - - 35
Survival Guide 185 - 203 - - 388
SWEF 18,430 - - (6,400) - 12,030
SYGN-Distribution 2,119 18 2,112 - 4,129 8,378
Tween Bridge Wind Farm Community Benefits Fund 117,351 - 89,097 (79,715) - 126,733
Volunteer Fund 10 - - - - 10
The National Lottery Match 12,836 - - - - 12,836
Total Flowthrough Funds 460,336 18 437,816 (481,563) 4,129 420,736

Page 49

Docusign Envelope ID: 94278232-1FEA-47CB-9EE0-57586EC8A9C7

SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

18. Restricted Funds (continued)

Total as at 30
September
2024		 Investment
income		 Grant
expenditure		 Transfers /
other
expenditure
Total as at 30
September
2025
The AESSEAL Charitable Trust Grassroots Endowment Fund
for South Yorkshire		 43,024 - (43,024) 40,701
40,701
Jackie Drayton Lord Mayor of Sheffield 2006/7 Grassroots Fund 1,185 526 (1,560) -
151
Cutlers'Company Grassroots Fund 26,115 10,856 (27,079) -
9,892
The Doncaster Community Grassroots Fund 2,150 2,804 (3,520) -
1,434
Employment Bond Grassroots Fund for SY 15,027 17,672 (15,009) (1,609)
16,081
Anonymous Grassroots Fund for SY 1,443 1,876 (2,360) -
959
Great Barnsley Grassroots Fund 354 374 (537) -
191
Great Doncaster Grassroots Fund 502 853 (1,126) -
229
Great Rotherham Grassroots Fund 972 1,651 (2,180) -
443
Great Sheffield Grassroots Fund 791 1,389 (1,808) -
372
Hallamshire Battalion Grassroots Fund 2,638 4,557 (5,973) -
1,222
Rotary Club of Hallam Grassroots Fund 723 942 (1,183) -
482
Henry Boot Grassroots Fund 2,083 2,718 (3,411) -
1,390
HSBC Grassroots Fund 1,480 905 - -
2,385
The Samuel Roberts Trust Grassroots Fund 31,168 18,058 (24,553) -
24,673
Hugh and Rugby Sykes Grassroots Fund 700 913 (1,146) -
467
Rathbones Grassroots Fund 962 1,884 (2,340) -
506
The Lloyd Grassroots Fund 850 1,108 (850) -
1,108
Carried Forward 132,167 69,086 (137,659) 39,092
102,686

Page 50

Docusign Envelope ID: 94278232-1FEA-47CB-9EE0-57586EC8A9C7

SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

Total as at 30
September
2024		 Investment
income		 Grant
expenditure		 Transfers /
other
expenditure		 Total as at 30
September
2025
Loscar Wind Farm Community Grassroots Fund 22,853 5,327 - - 28,180
Neil & Julie MacDonald Grassroots Fund 10,442 11,633 (16,127) - 5,948
P & A Group Grassroots Fund 1,888 1,137 - - 3,025
Senta Grassroots Fund for SY 1,648 2,152 (3,223) - 577
South Yorkshire Grassroots Fund 110 192 (250) - 52
South Yorkshire Open Forum Grassroots Fund 13,016 19,620 (24,275) - 8,361
Trustees and Supporters Grassroots Fund 1,010 1,775 (2,309) - 476
UK Steel Enterprise Grassroots Fund 5,005 5,318 (8,579) - 1,744
Wilkinson Institution Grassroots Fund 11,511 8,522 (15,675) - 4,358
William Cook Charitable Grassroots Fund 2,435 1,316 (3,078) - 673
Total Funds with Grassroots Endowments 202,085 126,078 (211,175) 39,092 156,080

Page 51

Docusign Envelope ID: 94278232-1FEA-47CB-9EE0-57586EC8A9C7

SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

18. Restricted Funds (continued)

Total as at 30
September
2024		 Investment
income		 Grant
expenditure		 Transfers /
other
expenditure		 Total as at 30
September
2025
The AESSEAL Charitable Community First Fund SY Wide 12,604 14,601 (16,178) - 11,027
AESSEAL CF B Fund-Expendable Capital Growth 4,856 4,579 (7,215) - 2,220
The Henry Boot Community First Fund 465 483 (581) - 367
The Sheffield Association in Aid of the Adult Deaf Community First Fund for Sheffield 10,192 2,788 - - 12,980
SAAD CF B Fund-Expendable Capital Growth 8,095 1,039 - - 9,134
The Doncaster Community Fund 556 578 (681) - 453
Anonymous Community First Fund 126 175 (168) - 133
R Children's Trust Community First Fund 4,973 660 - - 5,633
Community First-South Yorkshire 326 467 (552) - 241
William Cook CF B Fund-Expendable Capital Growth 3,086 1,479 (1,407) - 3,158
William Cook Charitable Community First Fund 12,515 7,099 (14,410) - 5,204
Total Funds with Community First Endowment 57,794 33,948 (41,192) - 50,550

Page 52

Docusign Envelope ID: 94278232-1FEA-47CB-9EE0-57586EC8A9C7

SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

18. Restricted Funds (continued)

Total as at 30
September
2024		 Investment
income		 Income from
donations
and grants		 Income from
returned
grants		 Grant
expenditure		 SYCF
management
fees		 Transfers /
other
expenditure		 Total as at 30
September
2025
David Price Charitable Fund* 5,601 3,886 - - (6,727) - - 2,760
Frank & Pat Carter Family Fund Charitable Fund* 1,494 1,996 - - (2,494) - - 996
Henry Boot Charitable Fund* 1,347 1,800 - - (2,230) - - 917
Mark Dransfield & Deborah Holmes Charitable
Fund*		 22,051 8,069 - - (12,078) - - 18,042
Sarah Beckett Charitable Fund* 2,369 3,165 - - - - - 5,534
The Bloomer Family Rotherham Fund* 8,095 4,525 - - (9,695) - - 2,925
The Gregory Family Rotherham Fund* 1,420 2,007 - - (2,907) - - 520
The Ken & Janet Cooke Charitable Fund* 4,288 2,223 - - (5,377) - - 1,134
The Marven Gardling Fund* 1,880 2,512 - - (3,113) - - 1,279
The Stanley Race Community Fund* 8,294 7,991 - 1,509 (6,200) - - 11,594
The Stanley Race Bursary Fund* 13,050 3,756 - - (3,000) - - 13,806
Total Philanthropy Catalyst Endowment
Funds		 69,889 41,930 - 1,509 (53,821) - - 59,507
Total General Funds 1,168,063 373,067 437,816 1,509 (997,417) (25,000) 43,221 1,001,259

Page 53

Docusign Envelope ID: 94278232-1FEA-47CB-9EE0-57586EC8A9C7

SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

18. Restricted Funds (continued)

Total as at 30
September
2024		 Income from
donations
and grants		 Income from
returned
grants		 Grant
expenditure		 SYFAB
expenditure		 Return to
funder		 Transfers /
other
expenditure		 Total as at 30
September
2025
Covid-19-DCMS (NET & UKCF) 1,000 - - - - (1,000) - -
South Yorkshire Health & Growth Accelerator
Community Fund		 - 585,000 - (147,045) - - - 437,955
A Tree for Everyone - 50,000 - (50,000) - - - -
South Yorkshire & Bassetlaw Green Social
Prescribing Programme		 6,574 - - - - - - 6,574
Cost of Living Sheffield-SCC 2,600 - - (2,600) - - - -
VCSE Participation Fund 35,492 46,500 - (12,046) - - - 69,946
REN Project-Working Together Fund 6,542 43,632 - (44,326) - - - 5,848
UKSPF Low Carbin Community & Culture Fund 548,090 223,194 1,018 (772,302) - - - -
Economic Recovery Fund 159,995 136 - (111,269) - (48,862) - -
Barnsley MBC - 35,000 - - (35,000) - - -
SCC Voluntary Sector Grant - 41,317 - - (41,317) - - -
Total Public Sector Funds 760,293 1,024,779 1,018 (1,139,588) (76,317) (49,862) - 520,323
Care Leavers Programme 15,000 15,000 - (15,000) - - - 15,000
# iwill Fund 8,904 - - - - - - 8,904
Total National Campaign Fund 23,904 15,000 - (15,000) - - - 23,904

Page 54

Docusign Envelope ID: 94278232-1FEA-47CB-9EE0-57586EC8A9C7

SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

18. Restricted Funds (continued)

Total as at 30
September
2024		 Investment
income		 Income from
donations
and grants		 Income from
returned
grants		 Grant
expenditure		 SYFAB
expenditure		 SYCF
management
fees		 Return to
funder		 Transfers /
other
expenditure		 Total as at 30
September
2025
Flood Relief (South
Yorkshire) 2019		 106,309 - - - - - - - - 106,309
Total Disaster
Funds		 106,309 - - - - - - - - 106,309
Total Restricted
Funds		 2,058,569 373,067 1,477,595 2,527 (2,152,005) (76,317) (25,000) (49,862) 43,221 1,651,795

Page 55

Docusign Envelope ID: 94278232-1FEA-47CB-9EE0-57586EC8A9C7

SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

18. Restricted Funds (continued)

Analysis of grants distributed by area (net of returned grants)

£
Barnsley 197,767
Doncaster 252,473
Rotherham 220,128
Sheffield 1,356,465
Outside South Yorkshire 125,172
Returned grants (2,527)
2,149,478

Grants may be awarded in the financial year but not physically paid until the following year. The independent assessment panel may attach conditions to the grant that have to be met before payment is made.

General Funds - with Permanent Endowment

These are restricted funds comprising donations from individuals, corporations and trusts that are held as permanent endowment funds that are invested with Investec. The income generated is shown as Investment Income and is distributed to communities across South Yorkshire in accordance with the wishes of the donor.

General Funds - without Permanent Endowment

These funds comprise donations from individuals, corporations and trusts specifically for distribution to community groups within South Yorkshire.

Grassroots Endowment Funds

These funds comprise donations from individuals, corporations and trusts and match funding provided by government through the Grassroots Grants Endowment programme. They are held as endowment and the income generated has been distributed in accordance with the criteria for the Grassroots Distribution Funds as set by the Office of the Third Sector (whose functions are now part of the government Department for Digital, Culture, Media & Sport).

Community First Endowment Funds

These funds comprise donations from individuals, corporations and trusts and match funding provided by government through the Community First Endowment programme. They are held as endowment and the income generated by the Community First Funds is distributed in accordance with the criteria for Community First as set by the Office of the Third Sector.

Philanthropy Catalyst Endowment Funds

These funds comprise donations from individuals, corporations and trusts specifically for distribution to community groups within South Yorkshire.

Page 56

Docusign Envelope ID: 94278232-1FEA-47CB-9EE0-57586EC8A9C7

SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

Public Sector Funds

These funds are provided by public sector bodies to be distributed to South Yorkshire communities in line with specific programme aims.

Also included here are the funds contributed by public sector partners to support the South Yorkshire Funding Advice Bureau (SYFAB): a part of the Foundation which provides voluntary groups with general advice, support, and information about funding. Sheffield City Council give a grant to support this activity with Sheffield based groups: it pays for staff time to give support to groups, helping them plan fundraising and running subsidised training sessions. Barnsley Metropolitan Borough Council pay a grant to pay for a worker based in Barnsley, who advises groups and runs events. Both grants also make a contribution towards running costs.

Disaster Funds

Flood Relief Funds

Created by generous local donations to our Flood Disaster Appeal, with match funding from the Ministry of Communities and Local Government and the National Lottery Community Fund, these funds awarded grants to households to relieve hardship caused directly or indirectly by the flooding in South Yorkshire in November 2019, and funded community organisations supporting the recovery and resilience 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 time there is a disaster caused by flooding or another disaster affecting South Yorkshire.

National Campaign Funds

#iwill Fund (previously branded Youth Social Action Fund)

Delivered on behalf of the Big Lottery Fund and the Office for Civil Society, they have invested £2million this year to fund groups delivering local youth social action opportunities through the UK Community Foundations. Local fundraising is also a key part of the Youth Social Action programme. This fund’s aim is to increase the number of young people aged 10-19 into volunteering.

Care leavers programme

Delivered on behalf of UKCF. The purpose of the fund is to support care leavers; making the transition to adult life is especially difficult for young people leaving care. South Yorkshire Community Foundation will be working with local authorities and other organisations to support young people in addressing any of the multitude of challenges they face and provide experiences and opportunities from which they may not otherwise benefit.

19. Operating lease commitments

At 30 September 2025 the Charitable Company had commitments to make future minimum lease payments under non-cancellable operating leases as follows:

Not later than 1 year
Later than 1 year and not later than 5 years		 2025
£
10,936
766
11,702		 2024
£
10,546
1,533
12,079

Page 57

Docusign Envelope ID: 94278232-1FEA-47CB-9EE0-57586EC8A9C7

SOUTH YORKSHIRE COMMUNITY FOUNDATION LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

20. Related party transactions

The Charitable company has entered into any transactions with related parties during the year £23,223 (2024: £9,102). There were no balances outstanding at the year end (2024: £nil).

Aggregate donations made by Trustees and other related parties during the year totalled £8,700 (2024: £8,090). There were no conditions or benefits attached to these donations.

Page 58