2024-03-31-accounts

Sheffield City Trust Annual report and consolidated financial statements Registered number 2164600 Charity Registration Number 700520 Year ended 31 March 2024 ADINU)LC 2411212024 COMPANIES HOUSE A71

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SheffEeld City TNst Annual report ¢onsolitknrd fin8n¢ial staletnents Yurended 31 March 2024 Contents Tru.%1￿$. and directnr5' rep)rt (including slrat¢gic T¢￿rt) Statement of truste&s' responsibilities in respect of the strategic reporL the tnLStees' report and the tonsolidated f￿ancial stOl¢ment 13 tndependent auditor's report io the members of Sheffield City Trust Consolidated siatemettt of financial activities fineoryordting income & drpe.ndtlwe accounl) Company stat¢mcnl of fAnancial activities {incorporaiirtg incoffle & expendittwe a¢countJ CoDsolidaled balance sheet 14 17 18 19 Company baiartce sheet Consclidaled cash flow stotement 20 21 Consolidated analysis oEnet debt Notes to the finAncia] siaiemenlg 22 23

Sheffield Ciiy Trust Annual report and consolidated financial ststements Year ended 31 IM￿h 2024 Trustees, 2nd directors, report (including strategic report) Thc tr￿lee5. who act as directors for the purp¢yx of company law, ar¢ pleased to PTuenl thcir r¢port and fmncial stsiemenis for the year ended 31 Mafch 2024. Purpose of the eharlty obj¢ols of the ¢harily are as detailed in the chariry's soverning documen¢ ils Arti¢lcs of Association. An object of the charyty is to proojote the benelit of the inhabitants of South YoTkshire and surrounding ¢ouDlies by the provision of f8cililie5 for recreation and leisure lime occupalion ID the interestof social welfare. The charity hL8 eontinued in its p)licies of providing recreational and other leisure facilities of a high standard and as economicauy as possible. The Charity seeks to encourage hiBh levels of use by the commuDity with policies that encourage wide pblic access. Th¢r¢ has been no material change in these ptslicies over the relevant period. A further objeGI of the charity is lo prornole and preserve 8¢)od physical and m¢ntal healt￿ The objective is pursued by ¢ncouraging high levels of use of recreational and l¢isure facilities by the community. In additio the charity has a policy of caThyin8 Out ad hoc initiative¥ and ¥iving financial 5uppori ¢0 apprDPriate proje¢ls which has b¢en ¢onlinued during the year. Othcr obj¢cts of Ibe clwl'ty includ¢ the encourngemcnl of the arts and the acquisilion. preservatLOll, testoration and mainl¢Dan¢¢ of buildings of histori¥ and aTchilcLttsral inter¥s1 in She￿ie1d. Activities In fufiherance of the charity's object to provid¢ facilities for rKreation and other leisure time occupations Sheffield City Tnsi operated ihe following facilities directly in the year. Beauchief Golf Course Birley Gc)If C(Jurse Concord Sports Centre Heeley Swimming Pool and Gym HillsknmuBh Leisure Cenlre icesheffield Ponds forye Intern*ional Sports Centre Sinfm Golf Course (until 31 July 2024) Springs L¢i8ure Centre Taplon Park Golf Course (uniil 16 Decembu 2024) Tinsley Park Golf Course W¢sttield Sports Centre {uaiil 3 January 2024) The charity has ¢oniinued io op¢r8lc th¢ following fJ¢iliti¢5 through ils Subjidiaryi Sheffield tntemariona] V¢nu¢s Limi￿d. En¥li¥h Insti￿te of Sport- Sh¢tTield utilita Amia Sheffield Sheffield City H811 Sheffield Internaiional Venues Limiied a]so a¢18 as principal for all commercial Rclivity within the above veDues. Any profits tDade by She￿Ie1d Inl¢rnalional V¢nues Limil¢d. where the company suffici¢nl distributable TeserYe& may bc pa55ed b3¢k to the rlwity by wdy of4 gift aided pa)rynent. The operation of leisure facilitl&8 eoniinue.I to be the prirnary way in which the two main IA)jects of the choriry are achieved. The tsuslee8 ensure that participation ￿ntInUeS to grow and benchmark attendance against national standards. Pri¢￿ are 5cI al a kvel that encourages we by ps many people as possible and many facilities arc fijll at peak times.

Shdfjeld City Trust Annual rq￿rt and C(￿S01ldared fJn3Rcial stat¢mcnts Year end&1 31 March 21r24 Trustees, and directors, report (including strategic report) (coniiniied) Activities (conlinued) The lotaj number of memberships as i holiMi¢ number bas peaked to a p051 Covid- l9 high, including child aGtiviUe% and fitness products. Shortag¢s in supplies and rhe ¢haU¢n8e6 we face with re¢ruitsn¢nt and more r¢certtly the impact of inflation (ethgt of living) have required a responsiv< adaptive and flexible approaeh to be Continued over the pa 12 montbs to mamtain this good perfotznanee. For the third year in succession we bave included concwionllry rates on all aclivitie5 to try to alleviate the fiDan¢ial butden.on groups tha¢ typi¢aJfy would welcome this discount. A di$counc of 400/0 is applied to all relevant activilie5 and has seen A very good uptske. specifically from families of ¢hildr¢n on frce ￿h0o] meals. On Coacbed admissions we have over 2.750 children benefiting from this each week. The English lDstilulc ol Sw)n- she￿ie1d continues to be the home for GB Boxing, GB Paro Badminlott, GB Para Table Tennis and GB Goalball along with Sheffield Hallam University's Sport and Physical Activity aGad¢mi¢ learning. At Ponds Forge International Sports Centre (ISC), the swimming clubs have prepared to enter the Otympi¢ year with various athletes Aiming to be in Pari5 2024. The U¢ilita Arena Sheffield is Ihc home of the Eli lee Hockey League team. th¢ Sheffield Sel¢rs. Th¢ charity Gontinu¢5 to parnKr with the N81ional C¢nEre for Sport and Exer¢ise Medicine in Sheffield ('NCSEM') where ¢lini¢81 fa¢ilitl¢8 Are ¢trloc&ted wilh facilities for.8POrt and exercise. Ai Concord Sports CeDtre. NHS patients are IT¢8led in an environm¢nl which promot¢$ physical a¢liviiy as medicine. Thc ccntre also promotes physicAI activity as a prime preventer of ill health with exit Toutes for patients into our exercise referral schern¢ and other activitie8. Essenlid maintenance work has been undertakgn on various fa¢ilities in partnership with Sheffield City Council. In July 2023, the competition pool al Poftds Fur&te ISC w&9 closed for an eibvht-week period for planned essential Main￿nanCe. and in November 2023. Heeley Swimming pool was eloscd for 5 week5, for the same purpose. We hove had a strong y¢ar forourevent progrnmme. with both regional, national and internatsonal cvcnLS b¢inB h(x8ied acro¥s the group. EIS Shctrield hosted international events in the sporls of badminlorn l)bk t¢DniJ and boxing throu8h collaljoration with she￿ield City Council and the National Governing Bodies that call She￿ie1d home. Golf has continued 8ainitt8 in its popularity, as it allows exercise while ouigide and socialising with frieftds. This hos had a posittve effect on the usgge of all five of the chariry's cour5¢5. Utilita Arena Slieffield and Sheffield City Hall dclivered a wid¢ and varied ar15 and ¢nt¢rtai1￿cllt progrnnune h05tin8 some of the most popular a¢ts in mu51¢, ¢OtDedy and theatre. Opern and ballel also appeared in th¢ progrJmm¢ as well as the Sbetrield International Classical Concer¢ Season fcaturillz both inrematioLal and domestic orcbesiras. Community events kkve always been a major part of the cbariry's evenly diary, and these include ibe popular community tea daoccs. local dance xtsool ￿rf0m]￿¢¥ gnd the l#al amat¢ur dram*tic s¢xiely, Manor Opcrats'c Society. who performed a week loll8 musical in May (fjrease - Tbe Musical) and their Iraditional two week paniomime. Robin Hood & H&s Merry Men ai Christmas. In Ihe iaresi Pollstar ratings of European veDues The Ciiy Hall was ranked os the number 3 venue in the Theatre cat¢gory (number l in the UK) and the Utilila Arena Shefficld was 18th itt the Afena Category (number 8 in ihc UK). Thi$ ￿Vered the period from January 2023 to March 2024. Elite Ice Hockey LeaRu¢ Continued lo play a major p8rt of Ihe events programme with Ihe QllEoiug partnership with th¢ Sheffteld Sieeler5. This year. tO8eiher with the Sieelers. the Uiilita Arena Sh¢tTi¢ld bosted 37 games and welcomed 260.190 faA8, predominanily from ihe I￿al Sheffield area. This included the Elite League Challenge Cup Final. The Inlemational Ice H(xkey Federation {llHF) hav¢ r¢¢ently reported that. th¢ venue was the 18th most atteDded ice hockey sladium in Europe improvuw frojll last ye•r of 24ttL The venue continue5 to be ihe number on¢ attended lee Hockey Stadium in the UK.

Sheffield City Trust Annual rLWrt ond cong)lithted financi&l skitements Year eThd&l 31 March 2024 Trustees, and directors, report (including strategic report) {enntinued) Aetlwitie$ (contlnuedj Our conllnuniry development aclivAties continue to suppon the lo¢a] area away from the facilities. Work with school and education establishments sees engagement and suppon kn over I20 local schools, through coaching provision of equiprnenL lickeis and subsid1s￿l venue bire. A Summer Sports Van programme saw lar8e levels of engagemen¢ with a continuation in eertaiti14xalions as we work clos¢ly with Cornmunity oificers and Coun¢illors. This sees activity and engagement. as well as food distribuuon as we look lo enga8e through differeni needs for local families. Our involvement in the Healthy Activities and Food (HAF) proEratnme has again been extensive. with over 10,000 hildren aL'¥essirJ& a rJnbt¢ of our faciliti￿ we provide actiYitie¥ and fuod for children on free school tneals duriti8 holiday weeks. This delivery has seen children leaTning to swim and learning to skate. a$ well as partllering with various'¢ommunity or8aiii$&tion% to enlure an offer av&ilable to all local families that Njrround our I¢isuT¢ facilities. The charity dees not set targets for grottt giving as it is a comparauvely small pan of the work undertaken. A5 slated above, the provision and mnnngement of the fELcilities is the primary method of meeting the ObJ￿Ls of the charity. The trustees monitor the level of fuftds in the desipted ftwd (see note 4 of the fitwicial statements) in order i en5urc that they mak¢ best use of th¢ limited income availobk and do make grants lo ¢ommunity groups in Shcfficld in order ¢0 support their work promoting spoffs and physical activity within Ih¢ir communili¢s. tn rneasurimg achievements against the above objectives, the charity uses fm8ncial measures, a revie￿ of which18 given below, In addition to f￿anCIal perforniance measures. the charity monilors the perfonnance of ils vertues using non-fmancial key performance indicatvrs ihat ¥ive infunnation re¥arding au¢ndance at each venue by activity. and split attendances by age and gender. These perforniaace indicators are moniiored again51 iarEeTS and pmious years. rcsulrg. Financlal Revlew The fjJrtdin8 agreements for the venues between the charity and Sheffield Ctty Coun¢il mean the charity is entitled ceive income lo partially fund its operat￿& activitie5. wluch in the yearamounted to £10,080,000 f2023.. £7,OJ&,UUU). When c(Jn$id¢rin8 the financial perforniance of th¢ charity the tsus￿¢$ examine the TewlL$ ofeach f&ciliry that the charity operates. In 2023124 financial perforniance and attendance levels frorn ¢4Jmmunity Usage ¢ontinued to grow, however the impact ofcontinuin8 doficult e¢onomie ¢ircumslances on the rn#jority of wers ¢ontinu¢d to be felL Th¢ group hlld posiiive Un￿$trICted generdl reserves al 31 March 2024 of £1 J14.￿0 (2023.. £1.640,000) Total incomthg resources amounted to £50,832,0¢)0 (2023.. £41.546,000) and totsl r6sour¢es expended 4mcwiled lo £58.056.000 (2923. £39.048,000) resultin8 in net ouigoing resOU￿eS before ux of £7224,OW Q023.' incoming f£2,498.000). resources o The results of the¢harily's tradin8 subsidiary, ShetTield Lniematsonal Venues Limil¢d and also Phoenix Sports Limited are 5¢t out in not¢ 2 10 lh¢ finan¢iaJ stalerneots. The principal activities of Sh¢ffi¢ld In*rnatiMal V¢nu¢s Limited in the year uThd¢r review were the man8gemcDt of the faciltties to deliver comnier¢ial in¢orne. These activiiies are in 5W)port of the charity's aclivities such w providitt8 public •ierin8 in the buildinLs' and supp)Tling elile athleleè ￿ w¥e the 5paret> when not ID by the genera] public. Sheffield International Vemies also manages wuelated coMm￿la1 activity that raises the profile of ihe charity and its Facilities aDd generates income which 18 ￿Sed to Jupwrt thc core charitsble activities. 7 Hills Leisure Trust bas not traded in the year and the objective of the chariry in the year was to allow the ordvly wind up ol the charity. On 29 March 2Q23. the charity. together with its (kintwit subsidiary, 7 Hills Coullnercial Limited knd SIV Enterprise5 Limit¢d ¢n￿red Member5 Volunthry Liquidolions (MVL). In March 2024. the fmal ¢oupons were paid on the Cjwity's Luxembourg-lisied debi seGuTities. Tle Cbariry ceased lo be & listed company at that time and is no longer subject to the securiiies laws and regula110￿ which apply to companies with publicly traded bonds.

Shelrield City Trust Annual report and ¢onsc¢ltdutd findnLial s¢#*menl$ Year￿ded 31 March 2024 Trustees, and dlrectors, report (Including strategie report) (conlimied) Bu$ineM review Th¢ In￿te¢S consider ihe general trend in financial perforn?ance of the venuas ￿ be satAsfactory considering the ecnnomic climate. Sh¢ffield City COU￿11 continues to support Ibe clwity financially under the Uisling funding agreements. In addilivn ro venue-specific fimdAng, Sheffield City T￿51 ¢nteTcd into agreemeni with SbefTrld City Council on 31 March 2022, which wa,4 updated by a Deed of Extension on 10 July 4023 10 support the ¢harity'S operniions and .%olvency over the p¢ri¢yL to December 2024 and beyond. This has allow￿ the tNst¢C5 to continue to deliver services al Cu￿ent levels and io plan tor the orderly transfer of 5ervice5 to a new operalor. The Mistees be]iev¢ investsnent can be ll￿de in the faciliiics in a fllw)ciaJly SLtslainable way in parniership with Sheffield City Council and continue to work with Sheffield City Council on this. As disclosed in note I, a procuremeni pro¢ess was iniliaied by Sheffield Cily Council for the fi]thre operation of the charity's facilities, with the result that the LX)mpally is expccl¢d to ceaK to operate ils [￿111¢1¢5 frorn January 2025, at which point SCT wiu transfer its operational assets and staff ￿ ShelTield City CouD¢iI or (as the Council moy requirc) to the new operators appointed by the Council. Support provided by Sheffleld City Council to the Sheffield City Trust group will ctsntinue thrOUgh¢￿t both the pericd of continued operniion of facilities and after that untd the chaTiry'$ solvent'liquidation, 03 to which pleasc refer lo not¢ l. AJ sucb, th¢ directors do not ¢onsider the charity to bc a 8Qi118 concern. Our prldng pollry Price$ 4r¢ sel lo ¢￿61? as many people as possible to use th¢ faciliue5 while ensuring that iNome ¥¢n¢ra￿d i¥ suffiiient to cover the costs of the charity. General ecotioraic trends are currently showing susiained signifranl cost rises across mu¢h of out key expenditure tleThLS IheRfore. as lar as possible, a higher level of income musl be generated by use of the facilities fyom both ohar7tsble acliviiies and commerGial acuvities. managpJa by another eompany within che ¥roup. However. il is e￿ential that prices aT¢ affordable and in no way create a ba￿Ler to use of the facilities by any of the people of Sheificld and u)nce&iionary pritts are used to ensure that the leayi wealthy are able lo attend. The tr￿1¢¢S ￿vieW pricing for all Chan￿ble aGtivitie5 on an annual basis in ordcr to deliver the best possible facilities all citizens of Sh¢ffield ai affordable pric¢s. Invethent power• #nd pollcy The trnslees balance the needs of the or8anisaiion to have fimds ivailable Eor the operations of the charilv and the n¢¢d lo maximise investsneni retum& Recently, Inte￿$t iales have EYeD rising and the ch￿lty has responded by moving its tunds into accounts whicb gen¢rat¢ a b¢rtu r¢ttun thus g¢n¢raling additional iDwm¢. No are invesioj in nonwush assets such & PTopety or Shares. All propety owned by the chaTity is in orthr to deliver services directly io the b¢ncfieiaries. The trustse8 ￿lIeve thai the level of ¢•sh ond bank assets owncd is iii$ufficirnt for th¢ ¥harily to ¢on$ider invebtm¢nt ill btoGK 5har¢s' OT bonds. partiGulaily in the cur￿¢ vol8tik climaie for tnvestsneflts. Penthn Seheme The tharitable group ¢onmTr)ut&s to a (kfll￿d buAefit F)etLsioo scILeme prnvided by Sollth Yorkshire Pen8ion Authority C'SYPA'I. As di$closed in previous years a number of members tsansEetTed into the SYPA scheme under the provision of TUPE. Th¢ 5cli¢me ¢losed lo rtew members on I September 2009. On 31 Ma￿h 2022. the group entered into an agreement with Sheffjeld City Council in whi¢b th¢ histori¢ pension a¥¥e15 and liabilities transferred lo Sheffield CityCoun¢il. thus Kmoving the defi¢il from the balanc¢ sheetof Sheffield Cily Trt￿t. Sheffield City TNSI continues Io pay contr1E￿tiOnS inio the scheme for All eligible employees and the ture benefits of ihose employees were unaffected by the ¢hange. All new employeeR 8?nce I September 2009 who didn't jfiin under the pmvision$ of TUPE have b¢cn cligible to join a defined confft'bution. group money purchase s¢h¢me. SllR¢¢ l JaDuary' 2014 the group h&s provided pensions under the auco-enrolmeni provisioTLS and all new employees are authmatically enrolled into the group money PUTcha5e scheme unle&1 they dccidc to opl out.

Sh¢ffi¢ld City TTh* Annuol report tsnd con501idth¢d financial staiemeDL¢ Year ended 31 MaTLh 2024 Trustees, and direetors, report {iDcluding strategic report) (Continued) Reserves poliry The reservcs of Ihc charity are splii beiween reqtricted and unr￿tricIed funds. It is tho policy of the trjstees ro spend unrestn.cted reserves in pursuit of the charitablc Ob)￿liveS in a way Ibat maxirnises their valuc ID meetillg those objectives. At the end of the financial year, the Charity had consoLidal¢d unffstricted of £1,457.1)00 f2023.. £2,017.OQOJ and rEstTiCted hnd¥ of £24,182.000 (2023.. £30,846,000J. The restricted fimds of the ¢h&rity at 31 March 2024 are 8el out in note 5 of the financial stalemen￿. The level of free TeseTve$ at th¢ end of the finanGiai year wbs £418.000 12023.. negrtiive £2.569.fKJO). As described abovc under"Busine￿ R¢viEW", Sh¢trield Cily Council is supporting the 0￿ratIOnS of th¢ charity. ar its evenrual plamed solvent liquidation. under the Funding Agrecmenl daied 31 March 2022. This amngement being the maih financial support for the chllrity unlil its winding up. the trusters ronsider il appropriate w 18rget 4 neutral r¢serYes position. To achieve this the charity will continue to drive an increase in f4Xltfall Across all venues and ￿￿1n11s¢ attendances. whilst continuing to grow the programme of events across both the entcrtaiDment and sportins venueb. whil¥t it continuc¥ Iv operdl¢ the venues. For further inFomiaiion refer lo 'plans for tiJlur¢ periods.. Tbe 31 March ?022 FundinB A¥teemenl. tobYetheT with the positive c•sb balances held by the charity, provide the tr￿Steal with the nece￿ary comfort lo continue tradin8 uniil the management and oporation of the venu¢s is handed back to ShctTicld City Council and ihen an to new roeratOTS. The Truslees believe that, in li8hi of the provisions of the Funding Agreement. the levcl of reserv￿ is salisfa¢lory 41 pre$enl. Pl#n$ for future perlodj The trustees considered the fjjture of the Charity and ￿lIeve that it will laryely be a C￿lInu1￿0rt of the ¢xisling model for th¢ nine month5 that the chariry will conlinuc to opcrar¢ th¢ venu&q after Marth 2024. The tsustee8 and Senior leadetship team continue to dn'vc the charity and tts busine&s forward. aiming to m￿lMise usa8e 2nd atiendanceq whilst recognising that tbe current ditricult economi¢ conditions afl'e¢ting the majority of u$ers may have a negative impacl on that goal. As from completion in January 2025 of the tran8fer of Sheffield City Tru81'A ai the conclusion of Sheffield Ciry Council's public pro¢uremenl prK¢sses (Tefer to nol¢ I for mor¢ detail), the clwi'ty expccrs to cease opernting any of die venue$, It iniellds that the charity will then pr￿¢¢d to ao orderly wind up and solvertt liqvidalion, supponed finan¢ially by Shoffield City CourKiI. li is anticipated that the eharity will c¢Rsc to be a mernber of Phoenix Spons Limited in January 2025, wilh ShelTieJd City Council or a compiny, as direGled by she￿ie1d City Council, becoming the sole mcmber. The pcrforniance of the ¥roup in the first six monihs of 2024123 was 5atisfa¢tory, when takin8 into account the challenging generdl economi¢ climate. 11 is the inienrion of the truslccs 10 continue lo inve¥l in facilities as mucli as po%sible And io maximise ottendances, as mucb as possible during these challenRin8 economic limes And up unlil the dale of handover..

ShetTield Ciiy Trus¢ Annual rep(Kt and consolidated financial statements Year ended 11 March 2n?4 Trustees, and dlreetors, report (Ineluding strateglc report) (continued) Reference and admlntstratlve detall$ Charity Registration Number. 700520 Company Registration Ni umb¢i". 21646C Re8i.flered Office English Institute of Sw*rt- Sh¢ffield Colcridge Road Sheffield S9 5DA S¢cret4ry LM Gavin Adv15erJ Solieitor Amdltor BaAker Hemin8wAy8 Solieitors Lin)iwl I I Wcstbourne Road Sheffield SIO 2QQ Crowe U.K. LLP St George's House 56 Peier Street Manchesler Barclay8 Bank PIC 10.12 Pinstone Street Sheffield SI 2HN M2 3NQ Dlrtrfon •nd dlri¢tor¥' lTrterests The trjstees, who also a¢1 3$ direclorl who hcld offiG¢ dur￿8 the y¢ar and after the year end are as follows.. P Abel HB&st' L Clarke D Grey MBE G MooTe (deceased l D￿anb¢[ 2024) A Peitifer MBE R Plews P Taylor J Wamer The Charity has a Group Audit Committee and Mr J Wamer is chaim)an of ihai Group Audit Commiti¢e. The Group Audit Committee members are Mr J Warner and Mr R Plew$. None of the (T￿lIet.$ who held oftice at the end of the financial year had any dis¢losable interest in debentures of the Ih#rily or in any shares or debentUTes of any other gTOUP company. According lo the Register of TTUStees' lllterests. no rights to subscribe for debents￿r$ of the Charity or in aay sbares or debentures of any other 8rouFI company were granted to any of the tntstees or their imm¢digle families orexertised by Ihem durinu the yeaT. Employees Th¢ ￿￿p has a policy of offering job opportunilies to PCT501L8 with disabilities where possible. The 8rthip has a fornial eonsultation procedure in Te5pect of employees. terrns and coaditiotss and health and safety iSSUe5. The senior employe¢ of th¢ 8YOUP IS". Chief EK¢¢utive Andrew Snelling IDsur4nce for trustees and officers Etwrnnce for tswiees Imd officer8 against liabilities in relation 10 Ihe group, as pemitied by the Componies A¢t 2006, is maintained under a policy held by Sheffield City Trust. The cost of this arnouDled to £15,000 (2023.. £IJ.oooJ.

Sheffield City Tru51 Anrbual ¥w)rt and Con￿lidated financial stat¢mcnts Year ended 31 March 2n24 Trustees, And directors. report (Ineludlng strategle report) (¢on¢iniiedJ Structurei governance and m4nxgement Sbeffield City Tnw is a company limited by guardntee and a regisiercd charity and 1$ governed by irs Articles of Asso¢iaiioll. The truqlets are the membcrs of shc charity under company law. Thc charity is domiciled and its principal p]a¢¢ of business is in Ihe UK. The trusttts recognise the importance of comrnunicalion with beneficiaries will issue regular newsletters and updates on specific projects and overall perforn)ance. These reports may also include some 8llmmary [￿anCIal inforniation from the fthancial siatements of Ibe charity. OrggnlsAtlon of th¢ ¢harlty At present the charity has eigh¢ trustee5. Followin8 the outcome of Shetfjeld City Council's lender prrtess. given the haTily will cease lo operate the venues from January 2025. and Subsequently wind up. the charity doeI4 not intend io look io allracl any fv11her trustees. Durin8 the year, the clwi'ty had five wholly owoed subsidiaries, Shcrf)¢ld ln1￿4110nal Venues Limited, SIV Enlery>riS￿ Limiied. PhoeuiK Sport5 Limiled, a company limiied by guarantee. which has compl¢m¢niary object¥. 7 Hills Leisure Tn￿t. a reeisiered charity. with independeni trusiees. but of which the charity is the sol¢ member and 7 Hillg Commercial Limited. SIV Enterprises Limiicd. 7 Hills Leisure Trnst a￿d 7 Hills Commercial Limiied did not trade durin8 the year and on 29 March 2023, were pui inio Mcmbcrs Voluntary Liquidation. Sheffield International V¢nu&8 Limited und¢nake4 all commercial activitie5 in the venues in order to support Ihe charitable activily. The overall managemfflt and control of the charity's ￿livI1[e$ And finances are vesied in Ibe Chief Executive. Andrew Snellit)g. The bowd of the clwlty meeis monthly and Mrsnelling attends all meetin88, reporting on All key operntiornal And fmRnGiAI matt¢r$. Therc is a Group Audit Commill¢¢ ivhich meets as requwed. There is J Charilible Purpose8 Committee which focuses on the work of the chanty oulside lh¢ v¢nu¢s, Th¢ Charitable Purposes Committ¢¢ hos three membe￿. Helen Best. Chairwoman. Gralwn Moorc and PcleT Taylor. Trustee inductlon and triinini On joining the charily. new tru￿e¢S benefited from atl illduction pro¢eg8 ID which they spent some time with the ¢hairmon and chief executive and ihen the ocher senior managers and familiarised th¢rnqelveg With the operntionA of the charity and its subsldiaries. Each tswre¢ lakes a spe¢ial ini¢r¢M in one aspeci of the chariry's operations or support funrAions w b¢ able lo act as a point of ¢ontacr for ￿nIOr managemcnl. As with any special Skills that any trustees may hove, thii arrDngement adds lo the ¢£Tecliven¢5s of ihe Inistee board but d0¢5n't change the responsibilily of all Irus1¢¢s for all ￿pects of th¢ 8overnatt¢e aod actsvilies of the clwity. Rel&tionship with thther eharltiei and organigationa The ¢hority ¢O-operates closely wiih Sheffield Ciiy Council as appropriate in pursuit of irs ¢haritsble obje¢tives. The relationship is conducted in ac¢ordanGe with fornial fimdADg agreements. A ¢oun¢illor attd an officer of the Goun¢il are invited to attend as observers al meetsng ol the board. The council did not appoint ¥4 nomine¢ director io the board of Sheffield International Venu¢s Limited in the yeor. rhe ¢ounGil reserves the right lo appoint a dire¢tor in ihe fvture. Pay poliev for lenlor staff The Irust¢e5, who 4¢1 &5 director3 for the pU￿05e of company law, coosider that the board of Inistees and the chief exccutivc comprise tbe key tnanagement personnel of the chariry in charge of directing and controlling and running and operating the cbarily on a day to day basis. All In￿1¢¢$ give iheir time treely and no tswtee received any remunerlltion in Ihe year. Th¢ pay of the ¢hief executive is r¢viewed annually by the board of tsuslees. Ill view of tlL¢ nature of the Charity, the trusttts benchDwk against pay levels ia other leisure tsusts and other similar organisalions.

Sheffield City Trust Annual rwi and consolidat•J tin4n¢ial stateM￿lS Year ¢ndcd 31 March 2024 Trustees, and direetors, report (including strategic report) (Continued) Pay poliey for Senior St￿(1 Iconrttntsed) All such organisations are differ¢nL and the ￿slee$ art aware of the Organis￿lon8l complexilies of the group and take this into ¢onsidrfatioJ) when Comparing with1or8er ¢hariiie$. The trnstees also look al sirnilar job role5 in the lo￿1. Sheffteld, economy and otber local charitable organi￿11•)￿1 to ensure th41 solarie$ ftrc reasonable within the market." MonE¢m¢nt of rl$k Th¢ trnstees are responsible for ensuring the effective management of risk includin8 a syst¢m of in￿rnal fllwicial ¢onlToI whi¢h is maintained by the charity. They cotssider risk management to be an important part of th¢ir role and endeavour to follow best praciiee. During the year, the management teams at each venue have again discussed thc risks identified with the mernbers of the Senior leadership team and have ensured that proper CODtrols are in placc wiihin thcir venu¢. They have also ¢onsidered eacli of the objectives s¢¢ for th¢ v¢nue in th¢ coryx)ral¢ 5trdL¢gy of the Lharity lo ensure tha¢ the risks a linked into the operational objectives and that the process of Tisk mitioation is embedded in the aGtion plans to deliv¢T Ihe obj¢¢tives. This work of monitorin8 and miligarin8 risks within ihe venues conTinues to ￿ a major tssk of the general man8ger at each venue. The senior leaderthip ream regularly considers corpornte risk in its meetings and updates the risk register ac¢ordingly. Tbe Group Audil Cornmitiee reviews this process al eacb of its mtttings as standard agenda item FKovidin8 additional checks and spe¢ifi¢ skill on lop of the trust¢¢s' own rnoniioring process. The fTUStees believe one of the key risks ro the ¢hariiy io be the ability of she￿ield Ciry Council to provid¢ adequate nd5 to tnaintsin the buildin8$ durin8 the period in which they are opern¢ed by the Sheffield City Trnst group. Additional fvnding has been provided by Sheffield City Council to cover the cost of essenlial mainietunce work on th¢ venue5 durin8 the period tilmugh to January 2025 and the planned trnnsfer of the facillties lo n¢w operator$ prctured by the Council. The tN81ec$ alqo believe the gcncral cconomie Clima￿ to be a rnajor risk to the group, pafticularly in re￿¢Cl of the $i8nifi¢ant rise in cosl of living over recent years. The 8eneral rise in cost of living is impacting on individuals. disposable incomes and as such will impact on the ability of c￿tOmerS to pay for the services offered by the company, as they choos¢ wheff io spend whai disposable income Ihey have. Ri.sin8 prices in recenl years, which Temain Atrjbbornly high. are al8n ¢on8idered a major ri.sk to the group, in particular bi8her ener8y Costs. as energy ¢osLq m•ke up a Significant part of the cbarity'5 overall ¢ost base. however these costs are managed to the extent possible thTough fixed pricc contracts. Followin8 the procurement Process initiated by Sheffield City Council io ideniify new operntor5 for the entertainment and leisure facilities, the charity will cea%e to operate any venues from January 2025. All venues are expected io transfer ￿ Sheificld City Couftcil, and ultimately to new operators in January 2025. Support provided by .8heffield Cily Council ¢0 the Shcffield City Trn.st group will ¢ontinu¢ throughout boih the period of continued operntion of facilities and then bcyond, UDlil such time the Trpjsi has completed the proces5 of winding up, solv¢n¢ly {refer note I for fi￿her derail). As such. the directors do not consider the company lo be a going eoneern. The rA￿lee8 have idcniified a number of othcT ri.￿kS which they consider trj be irnportant to th¢ busine&$ and have action plans to milj8ate a8aiDst them but believe that the risks considered above are tbe most significant. Publle Benefit The trusiees are aware of their duty to ensure thal the Charity provid¢5 a public beo¢fiL Each year the prices Gharyed for the cliaritable activities within each venue are reviewed by the trustees in ord¢r tv ensure that Ihey are reasonable and affordable (o the vast majority of the citizens of Sh¢tTi¢ld. The trust¢&s aT¢ proud of their fithe&s membership package which provide5 high quality fIts￿S membership at very good value for money, the excellent coAched activiry pro8rTmme wlJi¢h provides affordable Access to swimmin8, gyThn&¥tics and trampolining Icssons amongsl others &nd of the loiv prices of the Sh¢ffiekl Inlenmlional Concert S¢asoL In in¢r¢asin8ly difficult ￿0￿0￿1C times it is becoming difficult to mailltaill a¢¢ess io $0 many citizu￿. The truslees believe that the hi8h leels of cu5totneT service. for which th¢ group ha$ won awards. demonstrates gn eibos of providing the highesl possibl¢ siandard$ to all. AddilK*nally. the Gharity offers ¢oncessionary pri¢es on all produ¢ts. inoluding fitness membership and coached programmes, at 4011/0 di%ount. The level and breadth of dis￿Unt available are market leading and reflect the charity's commitment to cnsuriDg seryices are available to a5 many of Ihe ritizens of Sbeffield as POSSAbk. The ¢h3rity is the only mmber of 7 Hills Leisure Tn￿t. a now dornwit charity going il]rough Membe[5 Volunwy Liquid&iioD.

Shdfidd City TNst Annual report ar￿ consolidated financial 5talcmcnts Ye4r ended 31 March 2￿4 Trustees, and dlrectors, report (including strategic report) (conlinued) SrAkeholder engagement and sedloD 172 st4temeDt The group op¢rdtcs in an ¢nvirottment whi¢h involves engagement wilh 8 wide network of siakeholder5. The trustees understand that its relationships Wlth stakehold¢rs evolve and change over tirne. To rtspond to Ihis, lhe Board kccpi itself infonned of its key S￿keholderS, inlercsts throuLsb a rombinaiion olboih direct and indirect cngagement. The trus(ees have regard io the inierttts of their siokeholders when discharging their duiies. Th¢ to￿tee$ bave identified the key stakeholders as its cusiom¢rs. people (employees), suppliers and the cammunilies ill which il op¢ratrs. This section descrthes how the Board engages with its key slakeholdus and F￿W it CODsiders their int¢resLS wh¢n rnaking decisions. Further, it demoDslrales how the board takLs into ¢onsideration Ibc long-temi impact of its de¢ision& ILS desire to maiftiain a reputsiion for high 51andaTd8 of businc5s Conduct. and ils r¢quirement lo act fairty be￿eeTh rnernb¢￿ of Ihe wup. Cusiomers The Irustees recognise that the imponan¢e of creating long la$ltn8 relationships with our customffis ond PArtneTs is vital to the way we do business. F¢)r example, thrnugh the qualty of the experieoce provided ift venu&s find interdclion with our general customer base wliilst in our venues. through the GP exetEi5e referral prosrammc that we offer And work we do with our ¢u.%lomcrs bcnefic Ihe Iwal community we develop and build ￿￿"tin4 r¥lalionships wbi¢h work lo the benefit of all parties. Our reputstion and surK¢5s are built on the r¢laiionships we rreaie. and we ensure thai we contsDUE to build on these for thc ￿tur¢. In addition, we cary out fornul and informal feedback with customers that use our venue8, usitig Ihe results of Ihis feedback to further d¢velop relalion¥hip¥ aTKI make changes lo the busine￿ wliere is it Gonsidered appropriatc lo do so. In making straiegic bus1rte￿ deoisions, th¢ tswstees consider th¢ir impfvct on cwtomcTS. for example when considering the pricing stru¢tur¢, and aim lo make busines$ decision5 that are b¢n¢fi¢ial and in the interests of the cuslomer base. People. Our people are ￿ndaMental to the charity'q suceLs8. Wc rccogni.4e Ihal iheir opinions count towards improving the workplarx and the continued perforniance of the business. The charity has a fomial consultation prDcedure in Teypect of e7nployee¥' ienns and Gondiiion5 and healtii aT)d saf¢ty issue5. We engage wirh our people through surveys. by providing learning and development opporfunilies i¥here required and through providin8 acce&$ fo health and wcllbcing initiativcs. The charity has a poli¢y of olTerin8 job opporfunities 10 persons with di5abilitie$ where p05sible. StsppliLVS The group's Supply chain p]•ys aft important part in the deliv¢ry of iLq qtrdlegy Ind its succe55 is ts'cd to the wfornian¢e of suppliets. We coniinue to build strong relalioiK8hipy with our key supplier¥ and our wider 5￿k¢hOlder populats'on. W¢ are commirted to securing KrYic¢s and supplies from lo¢al suppliers lo support the strat¢8y of the group and the impOrw￿ il places on the local economy. Th¢ group ensures that it maiotains high standards of business conduct Ihroushout its supply cbain. Communiiies and eni'yonmeni It is imporrant lo w to support and give back to the lo￿1 ¢{￿nmunitI¢S in whiGh we operate including a COTllmitmeThl to tiupporting employees io give lirne to comrnunity and charithble aciivilies. These include operntin8 variou$ 8Ctivities within the community, for example ¢ookiog metds for the homeless. volunieeting in local food banks and volunteering in local s¢hoo15. We continue lo ¢noDitor and are committed to reduGing our carbon footPTinl.

Sh¢ffield City Trust Annu81 reporr consolidated fifiancial statements Yrur ¢nd¢d 31 Marcli 2024 Trustees, and directors. report (including strategic report) (continued) Streamlined Energy and Carbon Reporting UK ¢n¢r&v ond asspclatsdgreenho¥se ¢mission$ Cutrent UK based annual energy usage and associaied annual greenhouse gas ("GHG") emissions are reporred pltrsuant ￿ th¢ Companies (Directors, Report) and LAmit¢d Liability PaTkn¢rship5 {Ener8y and Carbon Report) R¢gulatiODS 2018 ("the 20I8 Rcgulati0115-) that canie into force I" Awil 2019. OryanisÉTlionalboMndary tn accordance with the 2018 Regulations the energy use and associated GHG ernis8ions are for those a&sets owned or controlled within the UK only as det￿ed by the opmtional control boundary. This includes ftheen sites. aking with fleet vehicles and person•1 Vehicl￿ used for busine8¥ mileage ("srey llcel"). R¢porli#gperiod The annual reportins period 1$ 1° April to 31° March eaGh year and the ¢Aer8y aThd carbon emissions are aligned lo Ihis period. Qu4ntificali¢•ft ond rewrrfh¥ nthihodolo The 2019 UK Government Enviroomentsl Reporting Guidelines ond the GHG Proio¢ol Corporatr A¢countin¥ und Reporting Standard (revised edition) werc followcd. Thc 2023 UK Cwovernment GHG Conversion Factors for Company Reporting were used in erni&sion calculations as these relate to the majority of the reporting period. Th¢ report h&s been reviewed independently by Zen¢rgi Limited. Electricity. gas. purchased heat and oil conswnption were based on consumption data and invoice records, while mileage expense Claims and fjjel records were used lo calwl4¢e ¢ner8y and ¢mission5 from fl¢¢t vehicles artd grey fleet. Where energydata was not availabl¢. Ihe pro-ratrd <41irnation technique has been4pplied and noted on th¢ ¢arbon dashboard 2022123 emission figure.s hav¢ been revised. Total fuel datA was not provid¢d. This has been reviewed and Validated in 2023124 reporting pcriod. To align carbon congumplion, the direct eomparison estimauon lechnique haq be¢n applied. Gross calorific valu¢s were used except for mileage energy calculations ￿ per Government CFHG Cooversion Factors. The emissions are divided into mandatory and volunory emissions according lo ihe 2018 Regulations. then further dii'ided into the diTect combu4tion of fvcls and the operation of fllcilitiis {8cope l}. indireoi emissions frotn purchased ¢lectri¢ity{s¢ope 2) and fvrther indirect emissions that otturm a conyquence of iTUSt activities but Occur from sources not owned or wntrolled by the organisation (s¢ope 3). Breakdown ofene Ir ¢onsum tion used o C471culale emuslons Ener8y type Reporting Year 2022-ZOZ3 Reportln8 Year 2023-2024 Mandatory enerey source$; Gas 10,649.947 9,339,084 Purchased electricity Transport bjel Totsl Enery (mandatory) Voluntary energy source5: District heatln8 18,308,276 I6￿80,503 92,264 91.527 29.050,487 26.319.114 21,362.2Z7 18.134.726 449.051 427,036 Total energy (voluntsry) Total energy (mandatoryand voluntary) 21,811.278 18.561.762 50,861.765 44,880,876 10

Shcffi¢ld City TrusE Annual reporl and consolida¢¢d financial sraiemenis Year ¢nded 31 Marcli 2024 Trustees, and directors, report (inclllding strategic report) (continued) Streamlllled Energy alld Carbon Reportlng (continued) Breakdown ofémlsslons associaied wtsh the re eneruv use licotsi." Reporting Year 2022-2023 Em1531on source Reporting Ye4r ZOZ3.2024 Mandatory emtssion sources: 5¢ope I Gas 1,944.0 1,7U8.4 Trust owned vehicles 11.9 11.6 kope 2 Purcha5cd elcarlclry Oocaiion based) 3,540.5 3.497.2 Scope 3: Category 6: Business travel [grty fleet) Total gross emissions (mandatslry) Voluntary em15$1oa sources: 5.504,1 S.224.8 Scope I 116.1 110.4 Scope Z Dlstrlct Heatlng Totsl gross ernisslofvs {voluntsry) Totsl gross emlssh)ns (mand*tory and volunrary) l)utslde olscopej Biofv¢l (C¢>. only) 3,647.2 3357.8 3,763.3 3J68.Z 9,267.4 8593.0 34.7 33.4 Outside of .%copes emissions are used lo account for burning biomass and oihtr biothl$. Thc crni.qqions are labelled 'out8ide of scopes. because the 5Gope l impaci of the C02 rElca5d through these fvels has been deterniiDed to be 'n¢t ' (since the fijel source ilself absorb5 an equivalent amount of Coi during ihe growth phase as the C02 released through. combustion). Therefo￿. to fully account for the emission& the C02 componeni of the combustion pro¢ess 1$ quantsfied but plaeed 'oulside of s¢opes.' (&8 opposed to in scope I which is usual for dire¢ily combusted fuels), The CH4 and NIO cnmponentq of the combustion of the fvel have been rwrted in .4cope l. Reportln8 Year 2022.2023 Intenslty ratlos Reportlng Year 2023.2024 Mandatoryemlsslon only: TonDes of CO!c per thou5and.5qu•re Inaer floor a Mandotoryand voluntary emlsslons: Tonnes of C.02e per th0usand.squfy￿ meter flojr ar¢ 46.6 78.4 72.7 Inlensity r41io The iniensily ratio is tolal gTQ55 ¢mi55ions in melTiC ionnes C02e (mand8tory ¢J]]issions) per thoUSand-￿ll0re m¢ter tloor area is reported to refleci the ener8y e￿l¢lenCY of the buildings, which are the souree of most emi&sion6. Floor arerd 18 ealeulated using Gr088 Internal Area. predominanily from Display Energy Certificaids and Energy Perfomancc Certificates.

Shrfield City Trusi Annuil rtix)rt and con501idatd linancial statements Year cmded 31 March 2024 Trustees, and directors, report (including strategic report) (continu&l) Strelmllned En¢rgy And C*Tbon RepordnK (conltnued) Eneyeffi¢ie#cy a¢lion dunng eurrentfMancialye•Tr The ESOS Phase 2 audits carried oul in 2019 identified & number ofshort and knig tenn en¢r8y savini opportwiitie5; below are aGuons that look place during the 2023124 reporting period. Siaff awareness has increased ibrou8b educallon on how io be MO￿ ener8y efficien¢, reduGing wabla¥e. Thi4 Anitialivc bas an tslimaied annual saving of around 1.300 Mwh and 230 tCIIe. Fan Speed ¢ontrols were restored in air handling units l and 2, ar I.lillsborough Leisure Centre during the 2023 BMS refurbiqhment, resultin8 in a poieniial annual saving of100 Mwh And 26 ￿Ole. Darnpets iti the easi and west air hand]ing wiiL8 at Pond8 Forge have bccn Tcpaired and replaced resultin8 in an approximite annual savin8 of133 Mwh. LED lighting upgrndes al ShetTield Arena. P¢)nd$ Forge, Eo81i5b InSti￿te of Sport. Hillsborou8b Leisurc Centre and ICE Sheffield. sigAifi¢anily reducing electricity usage. TK'hnolo¥ical invei>lmenl21 have continued through the intltsllalion of n¢w ¢hiller$ ai Ihe En8hsh Insufute of Sporu pumps & Controls and mor¢ energy etTKient heat exch4n8ers at Ponds For8e for th¢ pools. New RMS systems irnplemeftted al Ponds Fotge, Hillsborough Leisure CentTe and ICE Sheffield. Sheffield City Tnjst remains committed lo reducing its Carbon footprint and ¢ontinu¢s to look out for new ¢n¢rsy Saving and funding OPmnitie8 goinR forward. The fornial of the SECR disclosure and some of 'the prior year number5 are dighrly different from that reported in the prior year as the charity Ilas changed its ener8y advisots durAti& the year resulting in Ininor diffeTences in calculation. DI￿109￿re of EDform8don to audlior The tNstee$ who held office at the date of approval of Ihe tNslees' report and this strnte8L¢ repon conftrn] thaL so far aq they are each aware, tliere is no relevant llfjorrnation of which the 8TOUP'S auditor is unawar< and eath trustee ha$ taken all ¥teps thut helshe oughi to have taken as a m15tee to rnake hims'elftherself 4w8re of any relevant audit infomwtion And io esthblish that the group'4 auditor is aware of Ihot informalio Auditor In aecordance with Section 487 of the Companies Aci 2006. the auditor will be deemed lo be rwpointed and Crowe U.K. LLP iheretore continued in office. In ac¢ordance with Section 414 of thc Companie$ A¢1 2006, the company has prepared a trustee's report Ihat includes infonDation that would bc in¢lud¢d ith a 51raiegic report. The trustees authorise both the ¢ruste¢s' r¢p)rt ar￿ 5tyategi¢ report below. By order of the board D Grey MB Chrtinnan English Instituie of Sport- Sheffield Coleridge Road Sheffield S9 5DA 17 D￿ember 2024 Compan}. regtsiraiion number 2164600 Cliarity, r¢giTiratinn ntunher 7QOJ20

Sheffi¢ld City Thist Annudl rnp)rt ¥nd Consolidat￿ fin1¢1￿ Statements Year ended 31 Mirch 2024 Statement of trustees, responsibilities in respect ol. the strthtegic repor¢ the trnstees, report 2nd the consolidated f￿ancial Statements The trustees are responsible for preparing the Trusltts, Annual Report and the tiaancial slatements in accordallce with appli(xble law and regulaiions. Company law requires the trustees to prepare fU￿ne18] statements for each fllmncial year. Under that law they are required to prepare the group and charitable comparty fmancial statements ill accordance with UK A¢¢ountin8 Srandards and applicable law (UK Generally Accepted Accountin8 Praclice). in¢ludipg FRS 102 The Fin￿¢111 Reporting Standard applicable in the UK and Republic of Ircland. Under cornpllny law the trustees musi not Approve the financial statements unless they llrt sats'sfied that they give trne aDd fair view of the state of affairs of the group and charitable company and of their profit or1055 for thal period. In prepArths each of the 8roup and charitable company fmancial statemellls. the trnsree5 are required to: leci iUitaF)Ic accounling policiei and then apply them ccmsi8tently? make judgements and estimates that are TeasoDable and prudeni slate whether applicable UK Accounting Standards have been followe4 subject to any material dcp•rture5 disclosed and explained in the f￿4￿¢1￿1 slatemenls. assess the group's and itse charitable company's ability 10 cmtinuc as a goiog concern, disclosing. ￿ applicable. Ma￿1$ related to 80ing concern: and ue the Boing e<meem b&*i8 of 8¢eouniing unle&$ they eiiher intend io liquid41e the group or the chariiable company or to ¢ea$e operalion5, or have no realxstic alternative but lo do $0. The trusL¢e5 4r¢ Tesponsible for keepin¥ adequate accounting recor(L¥ thal ¥re .4uFficienl lo show and explain the charitable C¢)mpany's trnn%aclions and disclose with r¢asonable accurncy a¢ any lime the financial position of the charitable company and enabl¢ them to ensure that Tts finan¢ial slat¢m¢nLs comply with the Companies AGI 2006. They ure Ttt¥pofLsibl¢ for such internal eontrol as they delern]ine is llece￿ary to enable the prepdt8tion or rinanci41 statements that are free from material rni)slolemenl. wheiber due ro fraud or error. and hov¢ g¢nernl respottsibility for king such ￿epI a.% ftre re&8onahly open tn them ￿ sttfeg￿rd the Li8ets of the group and to prev¢nt and deie¢i fraud and other irregularities. 13

ShetTield City TTUSI Annual report and ¢Onwlidai￿ fmanLial stsieinents Year ended 31 March 2￿24 Independent auditor's report to the members of Sheffield Clty Trust Opinion We have audited the financial stsiements of Sh¢ffield City TffUS¢ (the Truse.) aiid its subsidiaries ('the group.) for the year cnded 31 March 2024 which comprise the Consolidated Statement oEFinancial ALliviti¢s. Cornpany Siaiemenl ot Financial A¢uvirI￿, Consolidated Balance She¢L Company Balance Sheel Consolida￿d Cashflow Statement. and rclated not￿, including th¢ ac¢ountln8 policies in note l. tn ow opinioll th¢ fmancial statements: give a buc and falr view of tht Slate of thc 8roup's and the Trt￿l's affairs L$ 8¢ 31 MArch 2024 and of the group's incorning rcsourccs and 8pplication of resources, including its illcom¢ and expenditure for tbe year then ended. have been properly prepored in accordan¢e with Uniied Kingdom thndards. in¢luding FRS 102 The Financial Rcporting Stsndard applicable in the UK and Rcpublic of Ireland: and. hRve been prepared iti a¢¢ordanc¢ with the requirements of the Companies Act 2006. Basls for oplnlon Wc conducied our audil in accordance wilh International Srand#rds on Auditing (UK) IISAS (UK)) and applicable law. Our responsibilities under those slandar&4 are further described in the Auditor's r¢sp)nsibililies for the audit of th¢ fmancial sralemenis section of our reporL We are independent of the group in accordance with the er￿'¢al requ1￿MeNts that are relevant to our audit of the financial ststemenLs in the UK. including the FRC'S Ethical Standard, and we have fvlfilled our oth¢r ethical responsibilities in gccordaoce with these requirements. We believe that Ihe audit cvidcnce we hav¢ obtaiD¢d is su￿￿1¢1]1 and appropriale lo provide a basis for our opinion. EmphaJl¥ of Trtier- flnn¢l41 ¥lyt•m•nl$ pr•pared bx¥l¥ uther tha iolni Mneern We draw attention io noie l in the fmanGial staiemenls whi¢h explaios ihat ihe company's dire¢tQP intend io ¢e4s¢ operuiions in January 2025 with a view ro winding up the company gnd tberefore do not ¢on5id¢r il lo be appropriaie adopt the going concern basis of accounting iti preparing the fmaftGial statements. The winding up i.8.￿hedUled io thke pla¢e tn 2025. following a Lraftsfer of operalioKs ro new providers on completion of a tender process by She￿Ield Cily Council. Accordingly. the flliaiieial statements have prepared on a basi5 Qther than going Concern 8s described in nots l. Our opinion is not modified in respeG¢ of this mat*r. Other Informatlon Th¢ In￿te￿ are responsible for the other inforniation contained wiihirt the thnrtual report. The oth¢r infornijtion ¢ompri5es the infomiation included in the annual reporL other ihan the financial sta(cments and our auditor's report thereon. Our opinion on the financial st&temenL% does ftoi cover the oiher informaiion an(L ¢xcept io the exteni otherwise expli¢itly staled in our ryort, we do not cxprc%% any fonn of ai%urnnee conclusion ihereon. Our responsibility is to read the other intom?alion and in doing so. ¢on%ideT whether the other infornjalion 1$ mat¢rially incvnsi%lent with lh¢ financial statements. or vur knuwledge obtsined in the audil or otherwise appears to be materially misstated. If we identify such material iJJconsistencie% or apparent maierial Missi￿¢Men[S. we aT¢ required to deierniine ' whether thi8 gives rise to & rnaterial Mil￿atement in Ihe financial 8IAtem¢DL8 themselves. If, based on ihe work we have perforrned, we conclude that there is a materi41 misstatement of this other inforniation, we are required to report that fact. We have nothin8 to Tep)rt in thi8 Tegard. Oplnlong on other matters pre8crlbed by the Compthnles Act 2006 Io QUT opioion based on th¢ work yod¢rtaken in the Cou￿¢ of QUT audit the inforni￿1On given in th8 trus￿&8. report, which includes the dire¢iors' report and the strateElC report prcparcd for the PUTPOSCS of company law. for ihc fin8Dcial yw for which Ihe fmancial Statements are prepared is consistent wlth the financial ststements. and the strdtegi¢ report and the directors, report in¢luded within the truste¢s' report have beell prepared in accordance with appli¢8bl¢ legal requiremcnls. 14

Sheffi¢ld Ciry Trugt Aftnujl frf￿ ￿d ¢onsolidared fitmncial statements Yw eThded 31 Marth 21r24 Independent auditor's report to the members of Sheffield City Trust (continued) Matters on wbith we are requirtd to report by ex¢eption In light of the knowledge and underst&ndin¥ of th¢ Twyl and their environmeni obLgitied in Ihe cours¢ ot. th¢ audit. we have not identified material missthtements in the sfrntegic Teport or the direciors. report included within th¢ trub'tees. reporL We have nothing lo report in ￿SPe￿ of the following matters in relation to which the Companies Act 21)06 requires us to report to you if, in our opinion". the parent e4)mpany has not kept deqtsate accounting records.. or the pareni eompaoy fiftan¢ial statements are not in ugreement with the accounitng records and relurns: or certain dis¢losuT¢8 of tNsleeh' ren)uaeration specified by law are noi made,. QT we bave not received all the infornation and ¢xplanalions we requTre for our audiL Rejponilbllltlei Of tru¥t¢ei A$ ¢iplained morc fully in the ￿51t¢s. responsibilities stalemeni set out on page 13. the tyst¢¢s (who are a150 the direcloTS of the Trnsl for the Pu￿•$¢$ of eornpany law) are responsible for the PryFArntion of the finafteial Stslements and for being salisfied thal Ibey 8ive a true and faiT view, and for such internal control ￿ the trustccs d¢tern)ine 18 necessary to enable the preparalion of financial 51alern¢n15 thai ar¢ free from rnaterial misstatemenl, whether due to fraud or error. Tn preparin8 the finaneial 8iatemenLI. the tTu$lw4 are respon.4ibl8 for a&se&8ing the Trust abiliiy to continue &s a goiD8 concern. disclosing. as appltcable, maltcrs related to going conc£rn and using the going concern ba518 of accnuntin8 unless the Eruste¢s either intend to liquidatc Ihe Trnsi or io ¢¢asc operdtions, or havc no realistic ajtcrnative but lo do so. Audltor's respon$lblllde$ for thE xudli of the fin￿n¢(al stattments Our objectiTre5 are lo obtain r¢asonable assuran¢¢ 8boul whether the finaneiAI #tstements &1 4 whole are free from mal¢rial misstht¢m¢ol, whether du¢ lo fraud or error. and to issue an auditor's rqjort Ihal includes our opinioll. Reasonable assurance is • high level of assurance but is not a guarantee that an audit conducied in accoidance with ISA5 (UK) will alway5 detsct a material rnisstatement when it exists. Misstatements. ¢¥D arise from frdud or error and are considered material if. indiv1th￿IlY or in ibe oggre8al¢, they could reasonably be expecied io ll￿Uence the economi¢ decisions of user5 tsken on tbe b•sis of these financial ststements. Irregularities. in¢luding fraud. are in51w1¢¢5 of non•coinplian¢e wilh laws aJ)d regulations. We desi8n procedures in line with our re$ponsibilili¢s. outlined above, to det¢ct matcrial mi5s¢alBments in respe¥'l of irT¢gul8rili¢5. including fraud. The extent lo whi¢h our procedures are capable of deiecting irregularilics. in¢luding frdud is detailed below: We obtained an understanding of the legal and r¢Bulaiory fram¢works within which the fjroup nd Trusl op¢rntc. We co1￿ldered tliis context lo be the Companies Act 2(Ki6 and Charities A¢t 2011. W¢ idcntifi¢d the greatest risk of rnaterial inwact on Ibe non-stalutory fLnancial slalcmenls from tffegularilies, including fraud, to be the override of eotktrols by manag¢ment, ¢ompleieness of grant in¢orne and cutoff of event irdcome. (hr audii procedures to respond to thcsc risk$ included enquiries of M￿￿EeMent about their own identification and assessment of the risks of irre8ulariiies, sample testing on the posting of jouma]s. ￿alcUlating grant amortisation and eTrsuring the conlci irrAtmcnt of a sample of in year grants re¢eiv¢d. t¢sting the ¢uloff of events held around the reporting date and reviewinB the a¢counlmg estitttates for btis. Owing to the utherentlsmitations of an audit, there Is an unavoidable risk ihat some material mi&slaternenL% of th¢ nott- staDJttsry financial statements MAY not be detecied, even Ihough the audit li PToperly planned and perfornied in accordance with the ISAS (UK). The potential effects of inherent limilalions ar¢ pirticularly signif)cant in ihe case of ¢ni5Staiemeni resulting from fraud because tiaud may involve Sophisticated aiid carefidly orgaDized schemes designed to conceal it, inoluding deliberdte failure to rccord transactions. collusion or intentional Trilirep￿￿I81l0￿S being made lo u& A further description ofout respon417)iliti¢s for the audit of the financi￿ slat¢ment5 i5 avallable on the FID￿cial Reporting Council's website at: www.frc. il-ties. Thib description foTm¥ plrt of our auditor's reporL 15

Shetfi¢ld City Tw$1 Annual reE￿ and conwlithta financial.stawnents Year￿ded 31 Mi]rch 2024 Independent auditor's report to the members of Sbeffield City Trust (continued) Uie of our report This reFK)rt j5 made solely to the Trnsl's membffls, as a body. in accordance with Chapter 3 of Part 16 ofthe Compantes Act 2006. Our audit work has bcen undertaken so Ihal we mighi $tal¢ to the TnLS('s members those mailers we are requ￿ to siatr 10 them in an auditor's report and for no other purpov%. To the fullest extent permitted by law. we do rkot accept or &&sume resPOn$iTr*ility io anyone other than the TnL8t and the Trust's members a$ a body, for our audit worK for this rEpori or for th¢ opinioDS we have fonned. Vlekv Sxullil (S¢nior S¢atutory Auditor) lor and on behalf of Crowe U.K. LLP, Statulory Audltor Chari¢r¢dAccouxiantx 3rd Floor Si Geor8cs House 56 Peier Sireel Manchester M2 3NQ 18th December 2024

Shelrield City Tn Annu•l report eonsolidaied fin$nei￿ staiemenls Ye4r endts] 31 MaT¢h 2024 Consolidated statement of financial activities (incorporating income & expendiiure accounl) For theyeap rnded 31 March 2024 URrestri¢t¢d funds Restrltted Fund5- chArltbl¢ ¢tlvltie¥ 2024 £000 Totsl f•ff•ds Totsl fvrtds Noie 21124 2024 £000 202J £c In¢omlDg resources Incorne frorn charitable aetlvitiL% Inv&trnent income Ineomc from dcmations and legKie r¢ceiYoble Income from doTt81ions and legac1￿- sh¢fr￿Id City CLwn¢il 32,194 756 31194 756 29.319 103 212 Grnnts 10.909 762 17.071 11.912 Total IncomlTh% r¢$our¢es 44,0ft1 762 50.832 41.546 Resourtei eApthded Expendithre on ffiiing li]nds Expcnditurc on Charitable ￿tiViti￿- 8enernl (32￿16) (11￿14) 12096) (lQ,510) (35,712> (22JM 122.1061 116,9421 T¢tal resothred expended {44,&30) 111.426> 158,056) 139.04111 Net (outgolnWlo¢omln8 resolltees befort thx T&xation (560) (6,664) (7.2241 2,498 33 N4t (outgolneVln¢omlni re8ouree$ before olher recogntsed 8Alni •nd losses (560) (6,664) (7J24) 2,533 Net1105syprofl¢ In tbe year 1560) (6,664) (7.224 2J33 b#lanvi broughi forwanl 2,017 30J46 32163 30.330 Fund b•lan¢tJ urrled for￿rd 4/5 1,457 24,182 25.639 32.863 The accthmp*nyin8 iiole8 forni part of ihe financial stal¢ments. All inLomin¥ resource¥ and ra¥ouroes expcnded d¢rive from ¢ontinuin£ activitie5 which are in fvrtherance of the charity's objeGts.

ShetTield City TnJ¥t Annual rw¢ ond consolidated finan¢ial Ycar ended 31 Mfvrth 2024 Company statement of financial activities (incorporating income & expendiuire ac¢ouni) For theytdr ended 31 Morch 2024 Unrestricted funds Restrieted fU￿d8- ¢lirliable iviti TotAI Tothl funds Note 2024 £fjoo 2024 £000 2024 2023 £O(K) Income froffl charitablc activitiq Invc5tm¢nt int￿ne Income fmm donlltions and le8a¢i¢s- GMi$ TeceivAbl¢ InLV)me from donations #nd l¢ga¢ies- Shrffield City Coun¢il 10,901 172 10,901 172 iuJao 102 iowoi S115 IS,916 IlJ86 Tot41 In¢omlni re%our¢ 21A80 4115 26,995 22.IY5 Re1our¢￿ expended Elpendi￿re on Lharitable activitie5- 8en¢rnl (24345) (IOA30) (31J175) 119.003) Totil r#ource$ exptnded (22J45) (10,530 (32075 (l9.0￿j) Net (outz?In8)nnfomlni rosoUr￿ b¢fvr¢ tax (465) 15,415) (18801 3.192 Net (outtolng)Ilntomlnt resourtd befor• other recogni5ed ¥&•ns 8Trd losses (465) {5,415> (5,880) 3.192 Net (lossyproflt In Ihe yelr Fund bajanl￿ brou8hi forwerd (465) 1.084 <5,415) 11,040 (5,880) 11,124 3.192 8.932 Fund bAla•e•& urrfed l•rwrd 4/J 619 S,025 244 12.124 The accompanyiog noles fonD part ofihe fitMi¢ial slatements. All incoming rcsourccs and ￿SOurC¢S cxpcrthd dcrivc from continui08 activilies which in fvnherance of the clwity's objcc 18

Sheffi¢td City TTUSI Annual rep)rt Md ¢oJyJlidaied financial statcm¢nts Ycar endcd 31 Murch 2024 Consolidated balance sheet As 0131 M¢r¢h 2024 Noie 2024 2023 £000 £o(Ki £000 £000 Fixed assets Iniangiblc Assers Tongible fixol a55efS Ne821ive g¢Miwill li 12 io 139,169 (0,163) 149J37 16J68) 133.013 142.986 Ctsrrtht #Sstts st￿ks 14 tkhtThr.i lincludins debtor¥ due After one ye•r of £nil 15 12023.. £32.490.OOOJ) Cash at bank and in hand C4sh ai bank and in hand- third pary iicket monies 257 38,041 233 35.1fi6 16 io 7,549 0,013 9,036 37,457 (163320) 50.448 134.0161 Credltori: ￿nOU￿¢S falling due wiihin y¢4r 17 Iyet current (Ilabllitlesy assetj (105.763) 16.432 TOIAI less ¢urTent Ilabllltl 27,250 139.418 Credltors: •rnounis hlling due aftcr more than one yebr Provljloiii f•r Ilfyb511U 18 19 1126,440) 25.639 32.863 Fund bal•*¢4s Urtrtstricred reserves Designai¢d reserve Ga)erdl ffserve 143 lJ14 377 1.640 Net unrestricted fund5 Rtstricred funds 1.457 24.181 2.017 30.8d16 Totfjl funds 25,639 32.863 The accompanying notes forni part of Ihc y￿n¢la1 slat¢ments. These fjnancial stalemeots were 4ppro d by the ￿1rd Oldi￿rIorS on 17 December 2Q24 and weff si8ned on its l)ehalf by., D Grey MBE Chdlman Charily Registration Nurnbcr 700520 1 Company reg￿tr tion mnnber. 2164600 19

Sheffield Chfv Trti Annual TCP(rt and consolidated financial swtemen Year ended 31 Mar¢h 2024 Company balance sheet AJ ug 31 Murch 2024 Nole 2024 2023 £oo• £ooD £(XKJ £000 Flx¢d 835elS Investments Intangible wets Tangible fixed 13 17 124.597 12 IIS918 IAS.925 124.614 CuTr¢nt ajwts D¢blors (in¢luding debtors due after on¢ year of £nil 120?3- £J2.490.000)) C￿h ai bank und in hand 15 39,758 36.454 2,91J4 3.000 42,063 (150,732) 39.454 125.3891 Credfttsn: amounts fallin8 du¢ within one year Jyet ¢￿TreAt (Ilibllltlesy08ser8 1101070) 14,065 Totsl As$ets less curreni Ilablllll Credltors., Amounts fallin6 due after mowe ihan one ye ovljlon for Ilab511tles 7,85$ 138.679 i¥ 19 (126.440) (A.611) 6,244 12,124 Fund b•180¢es UDr¢s¢rici¢d r¢svv tk5ignated rt5erye Generdl relerve 143 476 377 707 Net unTttlriCttd funsts RL%trictcd fund% 619 5.62$ 1.084 11.040 Total fuadg 6,244 12.124 The aCcon￿any1llg nol¢s forni part of th. These f￿anCIal ststements were appmv d by th¢ board of dire¢tors by.. fjnancial Maternencs. 17De¢ ber 2024 and wue si8ned on its behlf D Grey MBE Chairma Charity Registration ber 7(YJ520 1 Q)mpJny registratioi umber: 2164(￿0

Sheffield City Tru Annual repon and consx)lidar¢d tinanciai stawnents Year ended 31 March 2024 Consolidated cash flow statement Fffyryet7r eAded 31 March 2023 Noie 2024 £000 2￿2] £LNJO Cash flows frorn operxtlng xttlvlt5e Net lout8oingvincotniny resou¢Tes bdoreother recognisedgainsorloss¢s Adjts.IiMe￿Lf for.. DepTe¢i4tion and Jrntirtisation InreT￿l re¢civable and Similar in¢ome Inlerrt4t p￿y￿b]e and ¥irnilHr Lh¥r¥e¥ Profil on di5POSat Provision fordilapidations And redundart¢y (7,224) 2.5J3 10111/12 13,104 (756) 1,080 (4) A.496 4.498 (1031 2.047 (5) 19 7.796 (2,875) (241 3,159 Increase in tt¥de and oiher debiorq In¢re8se in stocks Increase in trad¢ and oth¢r ¢rtdito 15 14 17 (845) {17) 056 11.322 35 Tax received e&$h from opero1in8 #rfivilles &Q56 11.357 C•sh flows from Investlne irflvliles A¢4111Sition of iangjble fixLYI a￿e[S Proceeds from disp)sal of tangible f￿ed assers Intereyt rtteived 12 (3,233) 12,C45) 756 103 Nel eish from Inweilln8 Idlvltles (2,471) (1.937) Ciih floM from flnirtelni Actlvlrfti Pro¢eeds from new lo Intcrt5t paÈd Rcpaymcnt nf lJormwin81 Ptdyment of fin4n¢e1¢4se Ilabilltie8 17,608 {1,076) q17,8O8) {199) 16,559 12,U431 110.791) 164) Net from flnAn¢ln¥ •¢llvltl¢$ (1,475) 11339) N¢¢ in ¢gsh gnd ￿$h ¢quiv•l• CAJh and casli equivilents brough¢ fopvd 4,110 15,049 7.081 7.96LI Cash and ￿$￿ equiwlents ¢rried forv4ard 19.159 15,049 The accompanying J)oies forn] part of the finan¢iai sthtements. 21

Shcffield City TnJst' Annual report and COn￿lI￿t￿j financial statemertts Yearemde4131 March 2024 Conso11dat￿ analysis of net debt Foryedp ended 31 March 2024 Af l April 2023 Ceshtlow• Non.￿Sh movements At31 M•rcb 2024 £000 J9,159 (59) (3313) Isi) £0( 4,110 £000 CAsh * hank ond in hAnd Bonk loan$ Oth¢r loan8 Finance Le&tts Bl￿d Sheffield City Council 15,049 {2591 (3.5131 {2501 117.6Chi (122.8171 17,608 (17.(>OR) {4) (14(425) {129.394) 4.S09 {4) (114￿9> 22

Sh¢tTield City TTU$i Annual rff￿rt and con501idated fitLanLial statem¢nts Y¢kr eoda 31 Marth 21)24 Notes to the finAnciAI statements Accounting policies Sheffield City Trusr (Ihe"¢harily') is a company limiied by gu8r•Dtee. is a resisi¢T¢d charity (resistralion numb 700520) and is incorporated and domiciled in the UK. The charity is a public benefit eniiry. The inancial ￿ateMentS have been prepared in accordance with United Kingdom Accounting Stsndar(Is. irteliiding Financial Reportin8 Standard 102 -Tl)e Financi81 Reportin8 Standard applicable in the UK and Rwblic of ITelanLf' Ichoriliu SORP FRS JU2J. the Charities A¢¢ 2011 and ihe Lompani¢s Act 2006. rhe pre5¢ntation ¢urr¢n¢y of these tinancial stalemeiits is steTling. Thc current ycars financial s¢at¢m¢nts are for the year from I April 2023 to 31 March 2024 (2023.. J April 2Q32 10 51 March 2023J. The paren¢ Company is ineluded in the ¢onsolidoied financial statements,. and is considered lo b¢ a qualifying entity under FRS 102 paragraphs 1.8 to 1.12. The following exemptions available under FRS 102 in r¢sp¢a of certain disclosures for ihe parent company financial staiemeftts have been applied.. No.separnte poreni Company cash flow staternent with related notes is included.. and Key management personnel compensation h&8 not betn included a second tim¢. Th¢ a¢£oiLnling policies set out bclow have. wile5¥ Oth¢rwis¢ stoted, been applied consistenily to ill periods presented tn these financial stalernents. Judgements made by the director& in ¢he appli¢ion of ihese aewunting policies that have significani effect on the financial statemenis And eslimaies with a significant risk of mattrial adjustment in the next year are discussed in note 24. Going e•n¢*r During the year ended JI March 2024, Sheifield City Tru￿ had nel oulgoin8 resources b¢fore tax of £7224,000. an increase in cash of £4,110.000 to £19,159.000 and Group net as$ets of £25,639,000 as 8131 March 2024. .urrent Tradino Sheffield City Council provides le8ally binding SUPPOrt to Sheffield City Trust Is follows: Under the 'Shortfall Fundii)g Agrecment. Sheffield City C.oun¢il provides delicit funding support with reference to three v¢nue5 (Utilit? Ara)a Sheftield, Hi115borou81i Leisure Centre and Ponds For8¢ Intemational Sport5 Cenlrel which were constructed for th¢ 1991 World Stttdent Games, Under the Shortfall Fundin8 A8Teemertt. Sheffield City Council provided the fijnds required to repay the tharily's £140.25 million bonds and the inlercsi on lh¢ bonds. Additionally, Sheffield City Trttst entered into a Funding Agreement with Sh¢ffi¢ld City Council on 31 March 2022 to provid¢ th¢ fund$ and cashllow $upport necess￿ to support the financial position of the charity until its solv¢nt liqiiidation. As wilh ony Chariiy plxing reliance on i paktner for financial support. Ihe TNsiees acknowlcdic rhai there can be no ¢ertainty thai this wpport will coftiinue glihou&h. at ih¢dote of 4pproval of these finan¢ial statements. they have no rewrt io believe that it will noi do $0. Sheffield City Council has eonflmed its inlention to ccfftclude its publi¢ prncurement pro¢esses in lirn¢ lo allow the iran5fer the ¢hori¢v's operaiing assets to Sheffield Ciry Council or the #ppoini¢d operators. in early January 2025. As indiLdt¢xl dbL)ve. Sheffield City Council has a¥re￿I 10 5UPPQrt th¢ charily finan¢ially l)oth before 3nd aft¢T Ihai transfer of ass¢(s. IhTou&h 10 th¢ charkty's 501venl li4uidaiion. It is articipated that in eady January 2025. Sheffield City Trnsi wll cease to be a member of PhoBnix Sp¢)rt$ Limited wilh Sheffield City Council. or another ¢ompany as dir¢cied by Sheffield City Council. becorning the sole member. wilh Phoenix Sports Limiied irdnsfLvrin8 as a zoins concern. clu As a result of the above. die charity will cease tts operate arty venues in eaTlv January 2025 and will th¢reafter look iowards a solveni liquidation followin8 irs ¢essaiion of irad¢. The ¢harity is therefore not eonsidered to be a going ¢on¢ern and Ihe ac¢ounLS hgve iherefore been prepared on this basis. As 8 resuli of applying ihenon-going concern basis, there has been no r¢vi5ion of the numb¢rs.

Sheffield City Tru81 Annual T¢POrt and ￿nSOl1dated finAncial stai¢meni¥ Y￿r ended 31 March 2024 Notes to the financlal statements (continued) Ac¢ountin8 policies (CO+Vtlnued) Operuliny Se¥menls The Trustecs beli¢ve tha( Ihe Group comprises A single ieport&n8 Se8mettt. that being the provision of faciliTies ¢0 enable the pubb"c to participate in recreational activities. which promotes the h¢alth and well being of the people of Sbetyield and surrounding areas. Basls of¢onsolidarion The consolidAted financial st8iements include the fmancial slftiement$ of the Gbartryand its iradin¥ ¥ubsidiary und¢Tthkings made up to 3 J Marcb 2024. The consolidated stsicment of flnancial activities consolidaies the results of ihe ¢haritable activities of the group on a line by line basis. Dormaol subsidiarie$, 7 Hills Leisure Trusi, ? Hills Commcrcial Limitrd aad SIV En(ery>ri$cs Limited have been excluded from the consolidaiion. Jnvslments In the ¢lwily'S fmanciol statements. inveslm¢nts in subsidiary UDdertskin¥¥ staled 81 ￿5¢ less provision for permllneni diminuiion in value. Fired a,9.￿.1 and depreciaiion Tangible fixed wets are stated at cost less deprttiation. Depreciation ig provided to write ()ff the eo.st or valuation less the estimated residual valu¢ of tangible fLxed ass¢ts by equal inslalments over their esb"malcd U1e￿I ¢wnomiG liv¢.%. Historically. applicable rai¢s weT¥ as follows: Fixrures. fittings and equipmcnt 5•/0 10 I OO•A per annum Leasehold buildings (other than veDuesl life of lease No depr¢¢iafion Provid￿ on freeho>ld or leasehold land. As a Tysult OF the outcome of Shefficld City Council's publi¢ procuremeui process and in line with the l¢ase agreemenis. Oll &&set8 ftre expecied io iraLsfer io the new operator and as such dep￿Ciall0ft has been accelerated in the ciml year and all assets, with Ihe exception of those held in Phoenix SporLs Limited which will transfer with ihe kBal entity, 8re bein8 wrillen down lo 8 £nil residual value by 31 December 2024. Caplh71 r¢eelv4ble ond restrletedfunds In accordattce wilh the requirements of the Financial Reponing Scandard 102 "The financial rvporting Standard applicable in ihe Uniied Kingdom and Ireland" (Charilie5 SORP (FRS 102)) capi￿1 granis are recognised as resrricted funds in the accounting period in whi¢h tbey aF¢ rc¢¢ived. Depreciation charged oYeT th¢ period irnposed by the grant agreemeni associated with the restri￿ed fund. Ks ittcluded within ratricled fvnds. Reslrici¢d fjJnds are funds which are to be used in accordance with s￿lf1¢ restriction5 imposed by donors or which have been raised by the chariry forpanicular purpo8e& The aim and use of each restricted fulld is Set oui in the notes to the financial 4thtements. ReventsegroAL$ dAd Axpe.Ttnctedfunds Genernl fimds are unrestriclcd funds which ore &vailable for oi the di.8cretion of the trustees in furtherance of the general objectives of ihe charity and whtch have not beert designated for other purpo8c.s. Dc$ignated fuDds ¢ompris¢ unrestri¢l¢d fvftds Ihil have been set aside by the trustees for particular purposes. Revenue gr4nts are reco8nised in the period in which the relevani expendiwre is in¢urr¢d and in line with any onditions specific lo the gT8nt. Ivhere perforniance criteria are mel, the graal is released. Leaies ￿￿etS aquircd uader finance leases are capitalised and the ouLitanding fiffi￿e lease obli8alions ole shown in creditoN Op¢ratin8 It￿ rentals ore ehrged to the profil and loT4 ￿cOUnt on • strnight line hasix over the peTiod of the lease. Sioes Stocks aTe staled al the low¢rof Cosl and net realisable value. P¢nslon eosts Th¢ group operas a def￿ed conty1b￿10n pension ￿h¢￿e. The assets of the 5Gheme are h¢ld separately from th￿Se of ¢he group in an independenily adminisfered fimd. The amount charged to the profit and loss account Tepresentl the contribution5 payable lo the. scheme in respect of the accouniiDg period. 24

Sheffield City TNst Annual ynd C(￿SU11da1cd finattcial ￿teMent$ Yur ended J l Mar¢h 2024 Notes to the fin8nc121 statements (corttinugd) Aceountlng polt¢ies (continued) Pension costs {conltnMed) In the yeai, the group contributed lo a pension s¢knem¢ op¢rai¢d by South Yod(shire Pension Authority prOvidu￿ benefits based 00 final pcnsionablc pay, On 31 March 2022. the historic assets and liabilities of the South Yorkshire Pension Scheme were subsurned by the Sheffield Ciry Council South York¥hire Pensivp Scheme 8ftd the group has been discharged of its nel pension liability. Contributions lo the scheme during Ihe year are charged lo profit and loss account Goodwill Qoodwill arising on ￿quISItion 15 rel¢ased over th¢ period of use of the non-monelary assets to which it relates. Negative goodwill arising on acquisition is released io th¢ statement of financial activities in the periods in which the fair values of fton-monetary assers PUrCh￿ed on the same acquisilion are recovered, whether through depreciaiioa or salc. Sheffield City TNSI is considered lo pass the l¢sls sc¢ out in Paragraph I Schedule 6 Fin8nc¢ Act 2012 and therefore meets th¢ defjnition of a charitable company for UK corporation tax pury)05¢5. Acwrdingiy, the harily is potentially ¢xeJnpt from taK in rcsp¥cl of ittcomc orcapiLal gairs re¢eived within categories covered by Chapier 3 Part I I Corporation Tax Act 2013 or Section 256 of the T&xaiion of Charyeable Oains Act 1992. to ihe exient that such income or g&ln8 are Applied exclusively to charitabl¢ puryoses. She￿Ield tniernational Venucs Lirniled is tb¢ trading Subsidiary of the TnLL The compony h&s a policy of making gift aid payinents equivaleDt to at least it5 taxable profit subject to sulficient distributsble reserve$ being available. Therefore. it does not expect to incur any tax ¢hJrges and deferred tax a¢coun(ing is not considered to b¥ neces6ary. Incomin8 rnsoureesfvm Char￿￿ble aetlvilies InGoming re￿Ure¢S from Charitable aciivilie8 represents ike amounts (excluding value added tax) derived frorn the renthl of 81tes in Sheffield developed recreation81 facilities logethcr with other income derived from Ihose.sil¢s, includin8 pa￿¢￿1 by the communily for use of Ihc recreational faciliti¢8. All income from these llctivilies arises frnm activities in the Uniled Kin8dom. Interest reeeivable andpoyahle Inter¢st receivable or pa￿ble is recogni.8ed in the statement of financial a¢tivilies on an oGGruals basis. Resourees wended ollo¢olion olcharitable L¥penditMre Resources expended are ￿￿Unted for on an a¢cnJals basis and arc clwifi¢d by the trustees as exixrtdiftwe on raising tunds or eXpendi￿re on charitable activity. dependin8 on tlie nature of the expcndituK incurred. Where resourG¢è+ ¢xpend¢d ar¢ apportioned ihis.i% done on Ihe bat>ib of ibe UlTre uf Ihe rEsourG¢s. Flnan¢lallnsffuments The company hos chosen 10 8dopt Sections I l and l2 of FRS102 in resperA of financial instrutnents. Fiiidn¢laldsse Basic f￿ancial asseis. including rrnde and other receivables and cash and bank balances are initially reco8nised at transaclioft price. unless the arrnn8emenl c4nstitt]t¢$ ft fman¢ing trnnsaction: where the transa¢tioo is measured al the pr¢s¢nt value of the fvtUTe receipts, discounied at a market rate of interest. Such &%5ets are subscquently caTTied at amortis¢d ¢ost usinB tb¢ ¢ffKtsv¢ Inte￿3¢ rated method. Financial assets are derecognised when (a) the contraclual rights to the cash flows trnm Ihe asset expire or are settled. or (b) substanlially dll the risks &nd rewards of theownership of ihe asset are Iransferred io anoiher Party, or (c) coniml nf ihe •8sci been transferrtd io Anothcrpaty with(￿1 impthsing additional restri¢iions. Financial l￿bilitie Basic financial liabilxtl¢s. including trade and other payables, bank loans and loans from frllow group companies. ar¢ initially r¢¢ognised at trat)saction price, UDless the raftgell)¢nl ¢on5titutes a financing Iransaction. where the debt instrument 1$ measured at the presenl volue of th¢ fiJtur¢ TeceipL8 di5counl¢d al market raie of interest. Trade payable5 aTe obligations io pay for goods or servicu Ibal have been acquired in the ordinary course or busines5 frorn supplier5. Accounts payable are classified as Current li8biliti¢$ if pa￿ent t.$ duc within one year or less. Jf nol they pr¢5¢nted as non-cusyent liabilitt'es. Trade payables are rccognisd initially at tr4nsa¢lion price and Subsequently measured at arnortised c￿t using the effectivc Inte￿$t meibod. Financial liabiliti￿ are derecwised when the liability is extinguishe(L thaii.s when the contrac¢ual obiigaiion is discharged ¢anG¢lled or ¢xpir¢s. 25

Sheffield City Trusi Annyad w()rt coiisolidated financial 5tateni¢nts Y¢ar ended 31 Mareh 2()24 Notes to the financial statements fconttnue Results of Subsidiary organisations During the ycaT the charity had five wholly OV4ned subsidiarie3 which Hre incorporated in the UK. Sheffield Internalional Venues Limiicd manages spor1ing and re¢r¢ational facilities as agent for Sheffield City Trust in resP￿t of the community income and expendI￿re. and as principal in r¢sp¢¢l ot- ancillary Gomn)ercial income and expenditu￿ for ShetTield Cily Tr￿1. 7 Hills Leisure Tn￿1 and 7 Hills Commercial Litnited have noi traded in the year having enteTed inio Members Volunwy Liquidation on 29 fvIa￿h 2023. Phoenix Sports Limited provides full own¢r5hip and operntion of the English Institute of Sport - Sheffield, The charity indirectly SIV Enierprises Limiied. through ShetTield Iniernaiiollal Venue5 Limile(L Stv EnleTprises Limited did noi trade during the yearhaving entered ioto Membe(s Voluntary Liquidation on 29 March 2023. A summary ofthe tradin8 acliviues of Sheffield Cily Tru5t'S Subsidiaries are shown below. Sheffld InternatlonAI Venuei Llmlted 21)24 £ooo' 2Q23 Turnover her operaiinB incomE Row'rnthterials and eon$umabl¢s Staff ¢o$is Depreciatinn Othcr OPLToting charye5 21,293 2,144 (2,979) (5,4¥41 12,0911 113,4401 111.818 846 12.612) 15.051) 11.3541 (9.869) Opertlng (loslyprofli Net intert5t receivable11￿YabIe} (5671 567 778 Pront ordlnary attlvltl¢$ bef•r¢ t4xgtloD T&K on pmfit on ordinary activities 764 Profti retxlntd In ihe sub$ldlary 764 The dir¢ctors reviewed the fvrmkn'ng arFaagements for Sheffield International Venues Limited and its budgets for the coming p¢riod. up lo the dalc (bat th¢ venucs a￿ transfeTTed to a llew ¢)perator and believe that due to the %ignificani increase in energy cosis, it will not mak¢ a p)sitive contribuiion to the finan¢ial affairs of lh¢ charity in 9 months lo D￿eMber 2024. Th¢ directors will keep this position under close review and rakc appropriaie action to miligate against fvture losses. 20 £000 2023 £0 The asseis ond liabilltles of the 5ubsidiory were: Ton￿￿1¢ fixed 4SSaS Currcttt aMeLI Creditors.. omounts fallin8 due wiihin one year Creditor5'. amounts fallin¥ due after mor¢ thon oneycar 1391 IA,641 (19J68) 2,290 {14j43> 1694) Net 85sets 764 764 SialoM)t ot Nher comprthensive income Z024 2023 £o¢xJ Profi¢ for the fwan¢i81 period 704 Toiil ￿mprehensIve Ineom for tht flnAnttsl yeof 764 20

Sheffi¢ld City Trust Annual ad wt)wlidalul financial sts¢einents Year endtd 31 MRrch 2024 Notes to the financial statements (continued) Re9uIts of subsidiary orgfiDisAtlons {¢onlinuedJ PhoenLN Sports Llmlted 2024 £000 20?3 £000 Ittcome Lottery grant ￿leaS¢d Yorkshirt Forward 8fEnt rE1c￿cd LIf￿£le fund GTrnt incomc Oihtr income 433 14 441 92 92 433 14 424 71 Toill Ineorne 1,1172 1.034 Expendlture Building MAintenJnc¢ Depreciation (363) (6¥4) 13721 (6.$8) Operiltrg proflt 23 Prolli on ordlnarv •¢tlvltles before tax Tax on profit r)n ordinary a¢iiviiies 35 Prnllt retAltttd ltt the iub$ldl*ry 25 39 The directors reviewed Ihe fLmding arrdngements for Pho¢nix Sports Limiied dnd ils budsTeis for ihe coming period and belicve that il will ¢onlinu¢ 10 make a sm411 positive ¢ontribulion kn the financial aFfairs of ihe ¢hariiy. 2024 £000 2023 £000 Tlie assds ind liabililies of the subsidi¥ry wL7V. Tangible fixd asg¢ts Curreni ￿ets Deferred income.. amounls falling due within (me yor D¢f¢rr￿ incornc.. •M￿niS fallin8 due after mole Ihon one year 15,791 1,703 (611> (16.926) 16.083 2.366 (571) 117,940) Net118blllt(¢s (371 (62) 7 HIUg Lelgure Trust and SIV EDterprlsM Llmited Both 7 Hills Leisure Trust and SIV Enterprises Limited were dornwit in the year, baving eotered a Members Voluntary Liquidation on 29 Maffh 2023 ond are ID the process of being siruck off, As such they. together with 7 Hills Cnmmercial Lilnited, havc bccn cxcludcd from the ¢onsolidation. 7 Hill$ Commercial Lirnitcd WB$ di&8olved on 14 September 2024. 27

Sheffi¢ld Ciiy Trust Annua] report and consolidated financial statanen15 Y¢ar ended 31 March 2n24 Notes to the financial statements (eoniintsed) Resource5 eApended Group Company Unreslrittsdfunds 2024 2023 2024 £iJoo 2023 Éooo Erpcdimrt rais1118fii4Yd Ground Tent {￿crhea& includin8 sraff c054 dewecialion and rin&nce Iwe ini¢rtsi 16 15 20,403 32,810 20.418 Erpendithre nn choritsljle ottiwtles- Creneral GTound reni lftteresr ¢)n loan$ In￿reSt payable oli iwds Ovetheath ir)cludiiiB staff d￿￿￿14tion •nd finthce le& inttt¢sr 225 137 1.885 225 137 10,711 12.744 21,249 14,805 11,814 14,881 22,34S 16,942 Total unrutrleled regowr¢es expend¢d 44,630 35.299 22 J4S 10,942 £rpendiiu&r ort ralsln8fiin Overheo Depre¢iaiion 1.433 ft,463 656 1,032 2,896 1.688 £tptrtdlrnr¢ on ¢harfiablo ac11￿lI¢S Overheads D¢pfeciaiion 3,5•7 7,023 649 1,412 3,507 7,1123 649 1,412 i0J30 2.061 10,53Q 2,061 Tot41 re51rl£ted resourees exptnded 13,426 3,749 10,530 2,061 28

Sheffield City Tryst Annual rcp(xt consolidated financial 5tatemrnts Year ended 31 Ma￿h 2n24 Notes to the financial stgtements (continued) 4 ilnrestrieted funds Th¢ breakdown ot'ih¢ unrc5tsieied tunds betwttn desi￿al¢d ond Stheral funds 15 tollows.. At31 March 202J y¢aT At31 Mirth 2024 yur A131 Mwch 2U22 In¢om¢ Tran¥r beiween Incomt £00 Vtilised £000 Group Direci support ofoiherchritable ctivitits in Sheffield Healih fund 0thcrdcsl￿atcd Tescrv¢s 491 {2141 377 1238) (5) 19) {2) Retained (dericitvs￿pIyS 12.51 Tl 39,202 135.045) {44J90} lJ14 12.012) 39,302 135264) (9) 2,017 44,070 (4(630) IAS7 Comp#hy Dir¢4t support of oiher ¢haririble activitiL¥ in Sheffield H￿1th fund OiheTdtsi8Mied reserves GeneMlJbn45 Rethined Idefi¢itV$yJplu5 491 1214) (s) 377 {238} 143 (21 12.747) 20,177 (10.723) 7tr1 21514 {22.105) 476 12,242) 20.277 110.942) I.I>X4 21,NR (2234S) 619 Thc fijnd t<Tr iuppnrt the nth¢r chiritahlc Activiti￿ nf the charity pmvidcA 8rnnts tfi Thther 8roups whcre those groups ore ¢on5ider& the mosi oppropNiote wuy of fwth¢rin8 the chority's objects within Ihe sp¢¢ili¢ lor¥et communiti¢5. The he41th fund tstablixhed try fund thildren'% eduutinn and nutritian pr(wammtt Re$trl¢ted funds At31 Inromin8 March R¢50ur¢¢s Uiilised Transfer5 Aijl Mthrch 2023 £noo In¢oml R¢sourt Utlltsed Atjl M4r¢h 2024 £wo 2022 rEs¢rve¥ £oon £000 Grotsp icesheffield capitsl grant Skffield City Hall renovaiic+n srnni EISS grani NCSEM ai Cfjrtco￿ Spons C¢ntye E5¥ential mainlenanc¢ EISS Sport hDII grant Other ¥Trnts 5.760 3,085 18,164 239 3,936 1,143 11851 1921 5.575 2.993 17.293 159 3,671 1.104 51 13,IP3) (1.710) (￿￿) (91) 17J77) ZJ9Q 1.283 16,4115 180) 12,3891 lJ91 19Jl 2.124 6,696 1.030 120 66 (107) 32342 2.244 {3.749} 30.84fj (13.426) 24.182

ShelTJeld City Trust Annual Teport and eon$olidated Finaneial statcmcnts Y¢4r¢nded 31 Mor¢h 2024 Notss to the financial statements (continued) Restricted funds (coniint4ed) Ai31 Marth 2021 £0 In¢omins Uiilised Transfers beiwcen reserve5 Intomln ReM)urceg Utilix A¢Jl M8r¢h 2024 MaTch £￿0 £0 £00 Compwi iceSlTreffield ￿pI&l graiji Sheffield Ciry Hall moyation grnnt NCSEM ai Sport5 Centre EwnDal rnainienatte EISS Sport hall grani Other grnnts 3.760 3.08) 239 2.048 42 11851 1921 {801 1.79¥ (1,6121 (31 (891 5.375 2.993 159 2234 39 {3,115) (1,7101 2,JYlb 1.283 68 1.865 16 9.049 5,418) 1231 (103) 120 11,174 1.918 {?.(Ns1) 5.115 110530) 5,625 The reslri¢led funds of £2,390,000 in respect of i¢eSheJTIeld repitsent JJndini received from Sport En¥lan41 to #id the charity in building the naiional ice cenlre in ih¢ Lower Don V4lley. This proje¢t was completed in 2003 and the fvnd is being amonised as lh¢ asset is deprttiated. The rtstri¢teAI fund.$ of £1.283.000 in respeet of the Sheffleld c.ity H411 renov4ti0n proj¢¢t repr¢serti fundTng Teceived from the European Single RegenerAtion Bud8el to fund ihe cosi of professional fees. during the design phase ofth¢ project. and from Europcan Objecriv¢ l fijnding io fvnd ihe building phase. Theprojecl compleled in 2005 and the fiJnd 1% heing amorti8ed 8$ thc a.il is depreciated. The reslricled funds of£16,405,000 in respecr of EISS r¢pr¢senls funds re¢¢ived from Sport England and Yorkshire Fon¥ard lo aid Phoenix Sports Limited in buildin8 the EISS and a further amounl received from Sp)n England lo provide a lifecycle fund to m¢¢t the m•inl¢naD¢c ￿51 of the up-keep ot EISS. The project to build the EISS w&$ coinpleied in 2003 and the fuiids received for tliat purpose al'e bein8 amorti$ed a$ th¢ ¥$$# 1$ depreciated. Th¢ restricted funds of £68.OCrf) relate to Olympic Legacy funding re¢¢iv¢d from Publi¢ H¢alih England on behalf of the Depanment of Health IDOH.). The charity is Part of o Consortium of organisations in Sheffield thac is promoling and re8ear¢hin8 ih¢ po8itive benefit of physical activiry on health. Thes¢ funds have been used to generate a positive benefit for tho NHS by renovating and equipping Coneord Spons Centre for us¢ by lh¢ public for medt¢al fa¢ilitie8 wi¢hin a buildin8 also used for physical aciivity. The projeci was completed in 2015 and the tljnds re¢eived for thai purpose are bein8 arnonised as the asset is depre¢iaTed. The restritled fund of £2.990,OIJO in respect of tssential maintenance represents fund8reccivcd from Sheffield City c.ouncil io aid essential maintenance work on ihe various proptie. which are owncd by Sheffield City Coun¢il d op¢rai¢d by th¢ charity. The funds are being amortised eli￿r Lq the a&vA8 Are depreciated or the cost of repairs incurred. Th¥ reslricled funds of£i,030.000 in r¢sp¢¢i of the EISS Sport$ Hall represents fun& received from Sheffield City Counkil lu build a spDrts h¥ll at the English Ins(itute ofspoT(- Sherrield for the use of a local school. Fuiids are bring amortised as the assets are depreciaied. Included wiihin othe¥ 8ranL8 are two £5,000 Sheffield City Council Eam LAC fund granis and a £5.000 ShetTield City Council North LAC fund 8ranrs for projecrs thAt pr¢)moie children and young people's health and wellbein The useful economic life of all I￿lS mentioned within re4tricted fund5 is in line with the duration of the respective leases p¢rfatnin8 lo the buildings for which that Work was funded. As a result of ShetTield City Council's public pro¢uremenl process and in line with ihe lease agreemenls. all rutricted &8sets. with the exception of those in Phoenix Sports LimiieAI. are expect￿ to transfer to the new operator and as such depreciation ha5 been accelerated in Ihc currcnl year and all reslricted assets are to b¢ writt¢n dO￿Tr lo £nil residual value by 11 December 2024. By iheir naiure r¢giriaed funds ean only be used for the purpose they were intended and not to fund general or unrestricl¢d clivily. 30

Sheffield City Tn Annual r¢port and consolidated financial stst¢menl¥ Year t1￿d 31 Mxch 2024 Notes to the financial statements Iconttnued) Net (oiilgolng)Ilkneomlng rewurceg before tax•don are Jtated afttr thArglng Group Comphny 2024 £000 2024 £000 2023 £000 2023 Audit(>r's Tcmunerion- Audii of the3¢ financial stot•nen D¢pJwiation of owntsj assets DepreLI￿lon of assrts held under finaftce Itases Hircof assas under (yeraling I￿5¢5. othtr&sset Arnorti$8tson of n¢wdliW¢g()￿1WI?I linpalm￿l of trade T￿tIvable$ Invcniory rtto8nis&J as an rApens¢ 47 13,204 195 126 (20 (6 2,S42 4511 183 111223 195 126 ?.294 183 (205) 27 2.028 Remuntr•¢loD of¢n￿lee$ No ¢molurneni$ were paid to ￿Y of the Irustee5 durini the ye4r12023.. £nilj. No expenses were reimbursed to any irustees in rwecl of ￿Y expenditure made on behalf of the charity (202J.. Stgff numbers Vdnd e05ts Th¢ ftvera8e rtumbeT of persons employed by Ihe group (includin8 direolors) durin8 the year finalysed by category, was as follows". Group CompAny 21)24 Number 2024 N¥fflber 2023 Number 2023 Number Leisure Operations and maintenan¢e AdminIs￿li0n Cmerins 411 A72 138 317 412 172 135 .11? 394 159 159 281 2111 J.Q16 9fi5 I,ft30 Stsff numbers and costs include all contrdcted and casu81 staff regardless of hour5 worked. Th¢ ftumber of pennanenl fvll time rol¢s in¢r¢ased durin8 Ihe year 8$ did the number of casual employees. 31

Shrffield City Tru$1 .4nnual report and consolidated fiTkAnciai siatt7neni$ Year endttj JI March 2(r24 Notes to the financial ststements (conlinued) Staff numbtr$ gnd ¢ost5 (contlnued) llie Aggregate payroll cost of the employees employed by the group during th¢ y¢ar w&$ Ls follows: Group Compny 2024 £0 2023 2024 2023 £000 Wo8&4 2nd salaAes SLxial security costs Other pl81￿ ¢oits RulUndr￿CY costs 13J83 920 706 I,4&3 1?.21XI IJJ 926 706 12.2¢)0 64] 27 643 27 . I￿￿)8 13,716 l&698 .1.716 Where requiRd, companies within the group prneure HR serviees from Sheffield City T￿$1 as requlred to ¥upporf the ¢)p¢ration¥ of the venues aod a management fee 15 charged for these srrvir¢¥. Thv s¢aff numb and costs of all contracted staff employed by Sheffi¢ld City Tn￿t itreyGtive of which group ¢ompany they pr()vide ￿ry1c￿ to a￿ in¢luded in the company numbers above. Thc number of ¢rnployees in the group wbose emoluments amount￿ to over £60,OC4) in ibe year w&8 as follows= 2024 2n23 £60.001- £70,000 £70.001- £80.000 £80.001- £￿,000 £110,001.£120.000 £120.001 . £130.OIKI The group made coniributions of £61,0￿ {2023.. £56.OOOJ lo defined benefii sohemes in respe¢t of the8¢ employees.

Shetrield City Trusi Annu¥l TEport and ¢ong)lidated financial siaiementg Ye4r endaj 31 March 2(n4 Note5 to the tinanci￿ stydtsments (contirttsed) ofcharye thjwr Grvup 2024 2023 £o¢J) Currtthttsx Adjustments in rrspcct of priorpryiody {35) Total currnnt tAX eredlt for the￿Ir (35) D¢ferreil I￿￿tIon and mersal of timin8 differene Totsl tax credlt for the ye)Ir 135) Faciors dfftciing tlie t4LY ehargefor the cun¢ntyÈar The current lax charge for the period is higher 12023,. lower) than the sthndllrd ofcorp)rnlion in the Unitcd Kingdom, which. for the pcriod cnded 31 Mbrch 2024, 19% (2023.. 194wi . The differences are cxplained below.. 2024 2023 inwmiA% ry¥our¢e$ beforethx (7.224) 2.498 Currcfti ￿ at 19•h (2023.. 1 Non deJu¥Lible and non taxable it¢rns AdjLlStments relatinB to Prior pthodj LossC8 ulilisc Depreciation in excl￿ of ￿pIral Rllowanrts (lJ73) 1,127 47S (4551 1351 (2471 227 (ijo) 376 Tot41 tAx Crtdlt for ihe ye•r 135) Sh¢ffi¢ld Internotionql Venues T.irnited has a tax 8tr8tegy of making & gitl aid pthymenl to its charitoble parent. Sheffield City Trust of any taxable profits •nd the level of historical losses. and as such reco8nilion of deferred lax movements 1% not required.

Sheffield c.ity TnLI AnNu&l rtport And eonsolidaled finDncial sfQt¢meATS Yearended 31 March 20?4 Notes to the fmanciaj statements (continued) io NegAtive goodwill co.sr Ai beginning gnd end of yeor (¥,?411 lJnFalrnevil•ssesloMonls411•ft Ai besirbning tsfy¢Ar Charge foryear 2.373 205 At end tsf year 2,578 C41r)'Iiig4iiio¥rtf At end of vexr (ffjJ63) At bc8irfflin8 of year (6.368) As part of the trnrtsoclion to thke fijll ownership and direct operation of the EISS. the tnwt acquired Phoenil Sports Limited for £1 on 31 March 2011. Phoenix Spons Limited i.s a non-profit-distrlbuling asset locked company. Pho¢nix Spurt& Limited is Ihe company which owny the 150 year le4se reluiinbi ¢0 EISS. At Ihc date of the acquisition the net awts acquired had a book value of £nil, being the net book value of the E'nglish Insti￿te of Sport - Sh¢(field buildin8 of E20ffj less the amounts provided by the English Sports Council to fvnd ihe conslruciion of Ihe l)uilding, £20m. shown a$ deferred income. In aC￿l￿ance with UK GAAP r¢quirem¢nls rc8ardin8 4CqUlSltion accountinB, the fair valu¢ of the EISS building was deternjined ai the date of aequisitiott as £29m, As this Nmounl exceeded the deem¢d consid¢ration paid, £20m, n¢ga¢ive 800dwill oC£9m was recogftised. This goodwill is being amc)rtised over 50 years in line with ihe usefvl economic lifc of the English InstiDJte of Sport- Sheffield buildin8 and the historic grani fundiD8 which financed its ¢onSIn￿tiOn. li lot2n8ible a$8ets- ￿￿tware Group Total £000 Co$1 At bc8innin8 of yeor 47 At end of year 47 AMorih4rfon At beginning of year Chargc fpr y¢ar 30 10 At of year Closlng tSoo At end of year At beginnin8 of year 34

SI￿1¢1d City TnJs( Annual report and consolided fwancial Statan￿[S Year ended 31 March 2024 Notes to the financial statements (contintied) ij Intsngible Asyets- wftware (continued) Comp•oy Total £000 Cosl At beginning of year 45 At of year 45 Al bc8innin8 ol'ye c.harge for vear 28 i() Ai eb)d of year 38 Clt)3IMz 4im¢wRI At end of vear At iKgi¢min8 of yeur 12 Tangible rued assets Group Leaiehold Itrtd •nd buildingg Flxturti, lltflngA and e4ylpm¢ni £000 Assets under ¢oTrstru¢tion Total £000 At be8innin8 of ye Additio 173.740 28.754 15.1 (3641 3.405 675 3.080 2n3.149 3,233 {3641 TrnnsfLYs (3.4051 At end of yeTrr 173.740 31.928 350 206.018 Depreewhon At b¢8ittnin8 Ot year CffiaJE¢ y Disposal$ 32,436 7.588 21.376 3.811 (362) 53.812 13 J99 13021 d ¢ey¢fjr 40.024 20,82S 66.849 At end of year 131716 5,103 Js 13109 At be8inning of 141.304 7J58 075 149.337 Within leasehold land and buildings there are assets with a book value of£108,(100.000 12023.. £108,000.oooJ. which arc not kin8 depT￿lated. The value of these assets will be realised in full UPQD exercise of th¢ brcak lauK c(mtain¢d within the relared leas¢. Addiiional depreciaiion of £7.247.IXIO has been charged in the yearas a result of accelerating thedepreciation (see note l accounts￿8 poli¢ies- f￿¢d wets and depreciation). 35

Shctficld Ciry Tn￿{ Annual report ond wnsolidated financial sraiements Ye•r ¢nd¢d 3 l March 2(n4 Notes to the flnanclal statements l¢ort¢inued) 12 Tanglble fixed •ssets fcodlthued) Company Leasehold Ixnd atsd bulldln8> £0 FixlurE¥i rittlngs *nd Assets Under tqulpment Constrietloo Total £000 £000 Cojf AL iwinning of yur Addiiions Diwals Transfers Gw Trnn5ft 141.439 11.751 12Y (3181 1,939 677 3.080 153.¥67 3.209 13181 (1.939) 11.4661 (1,466) At￿dQfY 141.439 13301 352 155.2Y2 D¢pr¢dfjiitrn Al ixginning ol'ye Charge fnr year Diswals 21,435 6,897 7,¥35 3J23 (310) 29,270 10.420 (316) Ai cnd of 28.332 11,042 39.374 Na book lwlue 113,107 L459 352 11S918 AI Ix8innin8of y¢ 120,004 3.916 677 124.597 Withi'n leasehold land and builditigs there are wets with a book valu¢ of £108,000,000 (2023.. £J08.000.000) which ar¢ not b¢i118 depr￿lated. The value of these aueis will be realised in fjjll upon exercise of the break cluuye contained within the r¢lated l¢a5e. AddiEional depreciation of£6,970.000 has been cbarged in the year &s a result of acc¢leratiDg the depreciation (sec noie l account￿% poliei¢s- fLxed assets alld dcpr¢Giation). The following are included in the total ttet book Yalu¢ of tBn8ible fixed assers in respect of assets held under finance legses. Gra￿P Company Flxtsre flttln&¥g 14lllpmeii¢ £000 Fl%ture& fl¢tlngs equlpmenr £000 2024 Net book value 120 120 Depr•elv4110• 195 195 2023 Net b￿k value 355 -355 Dewttiation 183 183 36

Shrfjeld City Trwgt Anrtuai report aad con501ided financial 5tat¢mLTIs Year ended 31 March 2024 Notes to the fmanclal statements (contlnued) 13 InvesimerAU- Company Investtnent I ¥ub91di•ry Nct book volw at bcgbnning and ofycar On 31 m￿￿h 2015 the charlly forgave. by way of a ¢apita] contiibution. motiies owed by its sub.8idiary Sheftield Inlemational Venues Limrted. This capital contTibution gave rise io the capi¢ali.sation of the historic inler-company debtor of £7.578.000. The inv¢stmettl is reviewed for impainnent ar￿uallY. by consider￿8 the nei present V31u¢ of futtwe c&8h flows of Sheffield International Venues Limited over a period to March 2024. The investment wa5 fully impaired in 2019. This 15 I￿3C$Sed amually. and the previous impaimienl is still deemed appropriate. On l April 2019. all siaff ofShe(field InierDalional Venues Limid w¢re transferred under the provision5 of TUPE to she￿Ie1d City Trust. Ai the same time, the assets and liabiliiies of the South Yorkshire Pellsio Authority scheme were also tnmsferred and 0$ a result of this, Sheffield Ciry Trust tank on the historic pension liability by way of a capiial contribution. The investment was fvlly impaired in 2020. This IA reassessed annually. and the previous imwrnient ts still deemed appropnate, The charity holds investmenis of £IOO relatin8 to sbrn held in subsidiaries. Thc eniitie% in whtch lh¢ Charity holds b¢neficiAI intuesL% are &8 follow8: Company number Prlndp•l scllvlty Country of Percentge r¢il$irntlDn of ordlniry •hJre¥ held S4bsirf¢aryunderni•85 Sh¢ffi¢ld Inl¢rnational v￿u¢8 Limited 02220575 Mtsntsgem¢nt of sportirtg and erttertoinment lociliiies and provisim of ￿[ains and conferen¢in8 servicL% En8lnnd and Woles 10 7 Hills L•suTeTrust 07Y23816 MDn&8emenl of sportin8 and rec￿tiOn01 facili11&s En8l&nd and Wolcs 7 Hills Commerviol Lirniied 03330121 PycViSton of cotering servi Ensland and w￿e$ loo• Phoenix Sp¢Yts Limited U3487052 (*￿tiOn 8nd stlaiegic dircction of English In51itui¢of Sport- ShetTield IEISS) En8landattd Wd¢s SIV EnlwKi¥v Limit 06385377 manu¥￿￿( tsf$pMing and r¢Yrc8lional lacililies. b catering facility and thc provision of nsuliancy servic En8land gnd loo 37

Sh¢ffield City Trus1 Annual w and consolidaied financial siatanents Year ended 31 March 2024 Notes to the financial stAtements (continued) 13 Investmenli- CompADV {contlxtsed) tn the opinion of the dirtctOTS the investtnents in and amounts due from the cbarity's subsidiarymidertakings are worth al le&%t the amounts at which they are slated in th¢ balanrK sheet. ln respect of Phoenix Sports Limited and 7 Hills Leisure TTUSt, whilsl their corporat¢ 5truGturu are limited by guardntee they are treated as invesiments by the group on the basis of control. +7 Hills Commerciol is held indirectly by 7 Hills LeLSurc Trust **•SIV Enlerprises is held indirectly by Sheffield tn¢¢rnational V¢nu¢s Limit¢d On 29 March 2023, 7 Hills tLisure Trust. 7 Hills Comrncfcial Limiled and Stv Enterprises Limited entered into Memèer5 Voluntary Liquidatioos. The registered office for these cnlilies is 4111 F.loor Fountain Pre¢incL Leopold Street, Shcffield, Sl 2JA. The rcgistcrcd office for Shcfficld International Vcnues LAmitcd and Phoenix Sp¢)rts Limiied is English tn5titht¢ of Sport- Sheffield, Colcrid8¢ Road. Sheffield S9 SDA. 14 Stotki Group Company 2024 £000 2024 2023 £th)o 2023 £000 Ggcds forru4le 257 233 Debto Croup CompAIty 2023 LUOO 2024 £000 2023 £000 2024 Trndc dcbt(ffg Othcrdebior5 Pr¢payments and a¢￿Ved in¢orne Amounts ow¢JJ by group undertakings Sh¢iTi¢l(J City Cuunril 837 1,491) 33J84 883 957 3JJ26 329 306 33J73 3,842 2,130 33.155 2,730 2,13 38.041 35,166 39.75 36.454 Prepayments and accrued income includes £32.490:000 (2023.. £32.490,OOOJ of grant ineome due from SheffLeld City Council following the disposal of Don Valley Stsdium and the restrucluriiig of the financ¢ leasin8 arrangemen1& This debtor is expected to be received at the date ai which the charity tran¥fer5' il¥ venues to Sheffield City Council. eXp￿lea ¢0 be on or around 2 January 2025. The canying value of trade reccivablu 1$ ¢onsidered a rea51?nable approximation of fair v￿U¢. 38

Sheffleld City Trust Annual report And consolidated finortcial statement$ YcaT ended 31 March 2024 Notes to the financial statements (Co￿l￿￿ed) 16 Cash ¥t bank In hand Grfjup Coffipan) 2023 £oc 2024 £000 2023 £O(K> 2024 £iJoo c.ash at bank and in hand Third paTry tickct moni&s 7,S49 11.610 6.013 9.036 2,9D4 19.A59 15.049 Third pany tickth monies represent amounts held on behalf of third party eV￿t promotors for tickets sold, that will b¢ paid io Ihe promoior wh¢n ihe event has taken place, Credltori." mounts falling due within one Year 17 Group Company 2n23 2024 £000 2023 £000 1024 £000 Bank lo•n$ Istr no 18) Obli8¥ltion$ uhder finance le&w (see note 18) 59 51 20Q 199 17.604 1.¥09 11293 2,911 59 si 200 17.604 1.791 1.251 2,199 2.145 Trnd¢ ¢reditor5 h¢r¢rediiors including tsx81ion and 50cioI Fttwriry AccNal% arKI deferred income ATnouTrty owed io 8mup undertakin83 Oiher10gns Shettield City c.ouncil 1,739 13,971 3.401 1,731 995 2,469 1,489 3,513 140,425 3.51J 14U.425 1&7,221 -14.010 150,732 25J89 Included within other credi¢of8 are amounts du¢ lo third party ev￿1 pTr)moior5 of £12,011,000 Q023.. £9.094.000). Included in ihe group accruals d¢fernl income 1$ deftrred income of £1.395.000 f2023.' £1.182.000) whi¢h relates to mcrnberships and events. Amounts oweil ¢0 ¥roup urtderiakings are intcr¢51 free and repayabl¢ on deinand. The cnnying omount of iTade [￿d other pay8blu approximates to iheir fair valu¢. The finance lease liability is sttured against thE assets for which th¢ finan¢¢ is provided. 18 Credilory: Amoiints flling diie fter more than one year Gr¥Mp Cothpiny 2024 ?02J £00) 2(b14 2023 £000 Bank loans Other lo&n$ Obli8aiions under fbnonce Itases S9 3.513 59 3.513 51 Shdlitld Ciry Coun¥il 122.817 122.817 126.440 126.440 The group has two bank loans to fiind the purchase of fixd a&sets at a rate of 4.5Yo and 3.870/0 Wlth an outstanding balance of £56.￿0 and £3,000 rc5PCCtivcly. ai the year end. During 2014 the charity l¢)ok 4 fivr vear loan of £3.500.000 froin Shdfield City Council for the refurbi5hrnertt of the Utilits Arensl Sh¢tTield 4t an ini¢r¢st rnte. per annum. of 2.IP/ty 8bov¢ the Bank ofEn8l•id's b&se rate and thwing 2015 the tharily Iwk a five year loan of£i.750:000.Irom Sh¢ffield City Coun¢il for the refurbishment of Ponds Fc*rge International Sports C￿tre at an intu¢st r4t4 pu annum, of 2.0% above the Bank of En8land's base Rte.

Sheffield City Trust Annutl report 8nd consolidafed financial siaiements Y¢ar ended 31 Morth 2024 Notes to the financial ststements (eontlnued) 18 Credltors: llmounts f8lllDg due after more ¢haD one year {eonflnued) Tli&%e loans were consolidated inio a combined loan of £1.575.000 in January 2019 over five years at a rate of 2Q/• above the Bank of ETb8land'5 base rate, with a balan¢¢ at 31 March 2024 of £1 J13,000. No capithl repaYm￿ts re now requirrd on this108n from Sh¢ifield City Council until December 2024. In 2020, the charity receiv￿ a fiv¢-y¢ar loan of £l.000.000 from she￿Idd City Council to assist with c&shflow at an intere$trdi¢ of 20h. 8bov¢ th¢ Bank of England's base rale aod during 2021 th¢ ¢harity receiv a funher 4 year loan of £1.200,ocKJ from SheLTield Ciiy Council 10 &%sist with cashfiow at an inieresl rnt¢ of 20/0 a￿ve the Bank of England's base rdte. No capital repayments are now required on Ihese loan5 from Sheffield City Council until Decernber 2024. Under the tern)s of the Shortfall Funding Agreement between the charity and Sheffield City Council. the council madc paymen(s bi-annually sufficient in value to enable the charity io meet its bond repayrnent obligations. Theye receipts ore repayable to Sheffield City Council following exercis¢ of the i¢rniirth¢ion clause in the Shonfall Fulldin8 Asreement, and on thi5 basis l¢rninalion and r¢payment are lo have effect at th¢ ¢nd of D¢¢¢mb¢i 2024. Durin8 the financial year the bond liability wa5 settled in full. In 2023, the fair value was considered to be £17,608,000 which reflected the unil value of the bond mullipli￿ by th¢ last marker traded value. Th¢ maturity of the ballk and other loaD5 is due as ftillows.. Croup C•mpl￿> 2024 £000 2023 £000 2024 Within one y¢w Iii the s¢oThd to fifth years 200 3.572 3J72 200 3.579 3,572 3.772 3,$72 3.772 On l March 2000 ihe company i￿U¢d £140.425.QIY) of bonds at an issue prernium of 0.7190A. The bonds attracted interest payments of 6.2511/0 paid bi-arniually. The bonds were Tcpayable atdatesbetween 2014 and 2024. They were guarantccd by Shefficld City Council. Tbe bonds were st8d net of unamortised tSSU¢ costs ot£873.000 and gro&¢ of the unamortised issuepremium of£795,000. The bonds have now been Settled in full. Croup Compny 2024 £000 The rnawrities of the bttnds tyre &$ follows.. 2024 £000 2023 £OOD 2023 Wlihin one ye4r 17.lJ04 17.0 17.604 17,604 The maturities of obli8aiions undtr ihe le•s¢s are 45 tollow5'. Group CompAnV 2024 £000 2023 £000 2024 £0 2023 £t)¢x) Wiihin (Jne year In thesecond to fifth yws si 51 51 51 51 250 51 250 40

Sheffield CityTNst Annual rcport gnd cortsolidat￿ inan¢ial statunents Ycor cndcd 31 Marth 2024 Notes to the financial statements Iconlinued) 19 ProvS$ions for li8bi]ities Group C•mpany 1023 2024 £oob 2023 2024 £000 Dilopithrion prnvisicyt Redund&ncy Proision 150 150 1.611 1,61l Di14pid•lion provision Provisions of £JQO.000 and £50.000 have been included for the ¢ost of rep21T work required to No of the group. leased prnperties, in ¥CCOTdAn¢e wilh the ternis of the lew4 that are thie to com¢ to an end on 16 December 2024 and 31 De¢enther 2024 respcctivcly. Redun4on¢ypr0v￿IOn A provision of £1.461.000 has been ioduded for the cosl of redundancics which will be made followin£ the transfer of veftue% 10 new operatorA in January 2025. D¢lepred A¢¢eler•ted tix depreellltlon £000 137 1105) Other tlmln8 dlfferences £ooo 2024 Total £uuo 11.0241 717 2023 Tutstl £000 (451) {5731 Ai l April 202? Movcfflenl in year 822 Ai 31 Mar¢h 2023 & l April 2023 Movement in year 32 (91) 1339) (307) 75 11.0241 717 At 31 March 2024 (1731 (232) 1307) Reeo8ftiscd Unrecosnlsed (59) (173> (?321 (30n (59) (173) (232) (307) Th¢ def¢Tred asset has not been reco￿11¢d on the ground5 that thLYe is inbiJffici¢ni evid¢n¢e th8t the assd will be r¥%ovcred. 41

Sheffield City Tnj Annual r¢pJn and consoltdat¢d financial staternent% Year ended 31 Mar¢h 2024 Notss to the financial statements (continued) 20 Analys16 of group Tret a￿ets between funds 2024 2023 Unregtriettd Ideslgnted and Restrithed gtherAI) £000 Unrestrieted (d¢5ign&ted nd Ra5rriCtul general) £0 Tot•1 Tottl £ofjo £0 £oc Tangible fixed a8SCts Inton8iblt Assets Nu ¢urrenT (liabiliri¢sVass¢Ts Liabililies falling due after more thaTh Dnc ycbr Provision for liDbillti# and ehavgv Negative g¢Jodwill 114,987 24,182 139.109 118.491 30.846 149,337 17 16.432 {1?6.44UI (105.703) 1105,763) 16.43? (1•6.440) (1,611) (0,1￿) (1,611) (0.103) (115) (6.3681 {6.368) N4t Jsiots as At 31 Mireh 2024 1,457 24,182 25,639 2,017 30.846 32.863 21 Commltmtntj Annual commithTrents under non-cAncellable operating le&ses are as follows: Group CoTrpAny 2024 £00 2023 £uw 2024 £000 Operoting leos¢$ whith ¢xpirv. Within orte year In lh¢ ¢0 lifth in¢lu¥L￿ Morc than tive yurs 272 428 272 42A 819 819 Ai 31 March 2024. the group had commitmenLs' to PUTEha¥e r￿ed &%sets aJnountinB ￿ £39,000. This. expendittwe will be funded by eiiher the e5scntial maint¢nanGe 8rani from Sheffield City Council or the EESS lifecycle fvnd beld by PhoeJJix Spon5 Limited. Pellilon schenle 22 Defined eontnbulionpension scheme- Gro4p and Compa#y Th¢ group op¢rates a defin￿ fQDITibulion p¢u5ion scheme. The pension ¢ost charge for the period rep￿sentS ¢ontribulions payabk by the group to the scheme and amoun*d lo £382,(K)0 (2023.. £360.000J. Con¢ribulioos amouolirtg to £45.000 f2023.' £J9.000) w¢r¢ payable to the scheme and are iD¢luded ill creditots. DeJ7fted COAtrlbudoHpen$lon schéme- Gromp dnd Company Tbe group cotttsibuted lo a defiiied benefi¢ pension sGheme op¢rated by South Yorkshire Pension Authority. On 31 March 202? the historic assets and liabilitie5 of the group5 South Yorkt>hiT¢ Penbion SLheme were subsumed into the Sheffield Ciry Council South Yorkshire PensioD scheme. The group w&4 discharged of its nel liability on this dale. Th¢ Tn￿1 has 00 liability to the plan for other enlilies. obligatiODS. Contributions lo the d¢fined benefit pension aT¢ inGhMled in the profit and lo&s acrounL The group expects to conlribut¢ al a rat¢ of 17.5 /tr in re$pe¢t of active rnembers of the defined benefit plan i th¢ next financial year. the assets and liabilities of which have been sub57llned within the Sheffield City Coun¢il South Yorkyhire Pe￿%10￿ Authority Scheme. The pension ¢¢x8t charge for th¢ period Tepresents ¢ontributions payabl¢ by the group to the scheme and amounted to £316,1)(M) (2023.. £284,IJUO). ContributlOlL8 amountirtg to £44,000 r2023.. £42.000) were payable to the scheme and are included in ¢reditors. 42

Sheffield City Trust AnnuAI report and Consolid￿e￿ finan¢ial miemen Year ended 31 March 2024 Notes to the financial statements (continued) 23 Dlreetors and ke} man48*ment Remvneraiion arnountin8 10 £522.(XXI 0023.. £489,000) paid to dirrctors aftd oth¢r key nwiag¢ment durin8 the year. In additio￿ the ¢harity made conlributions of £61,000 12023.. £56.0001 lo def￿ed benefit scheme5 in respect of the directors and other key mena8ement. Accounting estimates •nd Judgemen¢$ In preparing these fuwicial 51alements. the rrustees have had 10 make the following jud8ernenl$: Dclerniine whether there are indicators of impairrn¢nl of the charity's non-currenl ass¢l$. Th¢ invcstm¢nl5 were fully inipaired in the previo￿ years and there is no indication in the Current fiD#ncial year that would result in a rever5dl of this impainnent. Other key soureL$ oEestirnatioD unccrtainty aTe". TanBible fixed assets are depreciated over their uKful lives lakinB into account residual values where appropriate. The acthjal lives of the assets and residual value5 are as5e5sed annually and tnay vary dependin¥ oo a number of factOTS. In re-as8¢ssing a&s¢i lives. fa¢tots such a5 technological innO￿lI0n, product life Cycles and maintcnancc prograrnrnes are taken into account. Residual value wessmcnt4 coTr.sidcr f88lZ¢8 .8uch &4 futu￿ rn￿ket conditions. the ￿Main1ftg life of th¢ &8s¢t gnd projected disposal vall￿. Post balaDce sheet events After the year end, the charity gave notice in respect of its opcrntion and managemeni of Sinfin Golf CouThe and Taplon Golf Course and the operation and management of these vcnue$ was transferred to A new operdlor on the 31 July 2024 and 16 D¢c¢mber 2024 respectively, 24 23 On 14 September 2024, 7 Hills Commercial Limited was dis501ved. After the year end, followin8 Sbeffield City Council's tender proceeds, Ihe Couacil Jonounced new operators for th¢ entertainn￿ll1 and sport and leis4we venues. For ￿rth¢r detail rcfcr to nol¢ l. 43