Soar Community
Analysis
Soar Community is a registered charity in England and Wales, based in Sheffield. It was registered in November 2005, 21 years ago. Its declared purposes cover general charitable purposes, education/training, the advancement of health or saving of lives and the prevention or relief of poverty, which this site groups under health and saving lives. Legally it is a charitable company (Companies House number 05060698). It says it makes grants to individuals, makes grants to organisations and provides human resources.
In the financial year ending March 2025, Soar Community reported income of £3.4m and spending of £2.3m, leaving 33% of income unspent that year. Across the 5 years on record, from March 2021 to March 2025, income grew from £1.6m to £3.4m (+110%), an average of +20% a year. The sharpest change came in the year to March 2025, when income rose by 46%. Over the whole period it spent 91% of the income it received.
Among 24,651 England and Wales charities whose main cause is health and saving lives and that reported income, Soar Community sits at the 95th percentile: it is larger than about 95% of them. Against every charity in England and Wales with reported income it ranks in the 97th percentile. Charities of a similar size with the same main cause include Let's Talk Well (£3.4m), East London Business Alliance (£3.5m) and Fresh Futures (NCC) (£3.4m).
In its latest detailed accounts, income came from charitable activities 85% and investments 14%. Charitable activities took 99% of spending and raising funds 0.2%. Grants to other organisations totalled £24k. Reserves of £1.2m would cover about 6 months of spending at that rate. It employed 42 people.
Income and spending
Where the income comes from
- Charitable activities 85%
- Investments 14%
- Other 1.7%
In the charity's own words
Promote, for the public benefit, urban regeneration in the North of Sheffield. Ensure that local people lead the regeneration process and engage them in the decisions that affect the quality of their lives. Support local organisations and help them to become more business like and more sustainable. Become sustainable and create wealth that can be used in the area.
Similar-sized charities, same cause
| Charity | Location | Income |
|---|---|---|
| Let's Talk Well | Vantage Point Business Village | £3.4m |
| East London Business Alliance | London | £3.5m |
| Fresh Futures (NCC) | Huddersfield | £3.4m |
| Lifeline Community Projects | Essex | £3.5m |