Sheffield City Trust Explained

Sheffield City Trust is a registered charity in the United Kingdom that owns and/or manages fifteen entertainment and sports venues in Sheffield, South Yorkshire, England.

Charitable objectives

The Trust was established in 1988 with three charitable objectives:

Venues

The Trust operates a range of sports and entertainment venues:[1]

Sports and leisure centres

The trust formerly managed Don Valley Stadium until its demolition.

Entertainment venues

In January 2025, both venues will no longer be managed by Sheffield City Trust, with ASM Global taking over operations.[2] [3]

Golf courses

Finance

The charity is funded via its three wholly owned subsidiaries, Sheffield International Venues Ltd, Sheffield City Hall Limited and Sheffield Festival Limited. In 2005–6 the Trust had an income of £56.7 million, expenditure of £55.8 million and held assets valued at £316 million. It is one of the 100 largest UK charitable organisations ranked by annual expenditure.[4] The current chair of the Trust is David Grey,[5] the previous chair was Howard Culley and before that (1997–2008) was Paul Blomfield.

Despite this, in recent times the trust has suffered financial problems and in 2022 received a £7 million lifeline from Sheffield City Council and agreed to hand back some of the major venues the trust manages.[6]

Notes and References

  1. Web site: Venues Sheffield City Trust . 8 December 2023 . www.sheffieldcitytrust.org.
  2. News: Constable. Oli. 9 July 2024. New operator selected for Sheffield City Hall. 9 July 2024.
  3. News: Tague. Neil. 27 February 2024. International venues giant to run Sheffield’s arena. 9 July 2024.
  4. http://www.charitiesdirect.com/CharitiesSearchTop500.asp?sortby=E Charities Direct: Top 500 Charities - Expenditure
  5. Web site: DAVID GREY MBE . Connect Yorkshire . 22 May 2022.
  6. News: Williams. Molly. 15 March 2022. 'End game' for Sheffield City Trust as all leisure and entertainment facilities handed back to council. 9 July 2024.