Docusign Env8k)p8 ID: CA51J6A9&9AB0403B-9534-D9F572516024 REGISTERED COMPLNW NUMBER: 02701126 (England and Wales) REGISTERLD CHARITY NtIMBER: 10111166 Re ort of the Trust LTnaudited Fin2nci41 Stst¢weuts for the Year EndeIl&L25 for L(rfldoll Social Ente.rprlse Llmited Ivheeler & Co Ltd Chartered Accouniants The Shrubbery 14 Church Street IVh1hUrch Harnpshire RG28 7AB
OocuswJn Envelope ID.. CA506A99A6O4D39S3*DgFS72Sl6o24 ddon Soelal Enter Contents of the Financial Stalemen15 Ended 1st Page Report ofthe Trustee8 I to 3 Independent Examlnerls Report Statemenl of Flnaucial Activities Balanee Sbeet 6 to 7 Notes to the Flnanelal Statements 8 to 13 Detalled Ststement of Flnanelal Aedvltles 14
Docusign Env8lope ID: cA5o6A99AIj043534-O9FST25lSo24 alEn ort of the Trustees for the Year Ended 31st MArch 2025 The trustees who are also dire¢tors of the charity for the pw)oses of tbe Con)panses Act 2006, pt their report with the financial statements of the charity for the year ended 31st MaTrh 2025. The trustees have adopted the provisions of Accountin¥ dlld Rqx)rting by Charities: Statement of Recollunended Practice applicable to charities preparing their accwT]ts in accordance with the Financial Reporting Standard applicabl¢ in th¢ UK and Republic of Ireland (FRS 102) (effective l January 2019). ORIEcfivES AND ACTIVTTtES Objectlve8 and alms The purpose of the charity is provide w()rk cxperience and traini opportunities for people with special needs ro help them develop their skills in a rC cnvironment. The Charity 8eek8 to aChIe this objective through the provision of a Secure managed wot*shop environment that enables service user8 to gaill experience and training in simple assembly tasks and also an understanding of wokn disciplines, time keeping, social skill& working in teams and cornmunicatkng. Slgnlflc2nt activide8 The main t)yes of activities undertaken by the Service U8ers arc simple a88¢mbly and packaging tssks. These opportunities are provided by several Ic¢al manufacturcrs. and triuppliers, who do 80 on a sUCOntraCt basis. Soelal Investments The charity's activities benefit the public by alS1]ng the rehabilitstion and potential of employment of disabled persons in the communtty. The TnLstees consider that this ci)mplict> with their duty under section 4 of the 2CKJ6 Chariiies Act in regard to Chwity comm10n guidance on public benefit. Volunteers The charity does not U8e volunteer staff. ACHIEVEmET AfiD PERFORMANCE Charliable Acllvltles The funding situation in the year produced an income of £144,138 (2024 - £133,649), which when ad(kd to the sales income of £28,425 (2024 £25,680), interest of £20,588 {202Ab £10,312) and donaiions and grant inLome of £550 (2023 - £5C(l) gavc a totsl income of £193,701 (2024 - £170,141) against a budget of £151,700. The total expendithre of £178,807 was more than thc budget of £168,000. Overall the charity Produced a surplus of £14,894 {2024 - £16,327) against a budgeted surplus of £700. No transfers have be£n made from the General Fund to the Premi¥cs DLvelopment Fund. As a result of thc yearfs activities the balance sht shows an incRase in the General Fund from £235,978 to £250,872 and no change in the restricted reserves remaining at £305,727. Internal and external factors Although the clwity continues to be reliant on i)ne customer there has been sonie success in widening the customer base and wod( on this coniinu&s. F¥CL4L REvw Revlew The charity has l]ad a fwther successful year operating under the new Contract with 14ampshire County Council (HCC) Adult SeThices. and wc ho this successful financial perforniance will continue. We need to acknowledge that the ¢harAty'S success is due to the efforts and hard work of the Ivodshop Manager and Page I
DocuspJn Envelope ID: cAS06A9A60403B.9s3409FS72S16o24 Loddon Soclal Enter rise Llmlted Re ort of the Trustees for the Year Ended 31st March 2025 LYANCL4L REVIEW Reserves policy The Tnjstees policy is to mainlain a level of Teserves that cover the costs of winding up the charity and meeting the charAWs future commitrnents. It is the trustees vi¢w that a lljOr risk is the loss of funding income from HCC Adult S¢rvic¢s. HCC like all local authorities are unts continuing pressure to a¢hieve saviogs as a result of rethictioN in cmtTal government funding. Should this $ch for savings ffsult in a reduction in funding for servicc8 .8uLh &8 OUTr• the chaTity would no longTeT be financially viable. The chaTity will thcreforc continue to build QUT reserves to addre&s this possibility. FUTURE PLANS The clwity will continue to seek more local companies to provide wod( for service usffls. STRuuRE, GOVERNANCE AND MNAGEmE Structure Loddon (Charitable TnL8t) Limited was incorporated as a company limited by guarantee on 27th Mah 1992, and wa8 rcg1lteTed by the Charity Commity5ion on 14th May 1992. The Charity is governed by its Mcmordndum and kniclctri of A&sociation. The company changed it's name on 28th MaT¢h 2011 io Lcddon So¢ial Enterprise Limited. Reerultment and appolnlment of new trustee8 TnL8tees are nominated to the board from conta¢ts in the local business community and from the founding companies of the tswt. OrgYdni8atlonal structure All day day tradin8 decisions are taken by the charitys staff, while p)licy deci8ion8 are taken by the board of trnstees. IDductloD and tralnlng of new trustees All new Iruslees are trdined in the business of the charity and the legal framework in which the charity operates. Wlder Detwork The clthTity is not part of a wider network Related partles The charlty l]as no related parties REFEREh'CE AND ADTrIThISTRATtVE DETAJLS Reglstered Company number 02701126 (England and Wales) Reglstered Charity number 1011066 Reglstered oftTiee 9-10 Brunswick Place B&singstoke Hampshire RG213NN Thtstees D J Strawbrldge JBurt AJSPaul M T Leach I F Hodgson BJWest P J Verney Page 2
Oocusign Envelope ID: CA506A99-9AB0403B-9534-D9F572516024 Loddon SotiAI Enter rise LADted ort of the Truste REFERENCE AND ADMINISTRATIVE DETAILS li CompAn> Seeretary Independent Exan)iner Kevin Wheeler FCA Wheeler & Co Ltd Cbarteted Accountants 'll]e Slmibbery 14 Church Street Iwhitchurch Hampshire RG28 7AB Sollcltors Phillips Solicitors iacozporating Brnin CTh&qe Coles, Town Gate, 38 )ndort StreeL Basingstoke, RG217NY Bankers National Westininster Bank pl¢, 3 London Street, B&¥ing8toke, RG217NS ACKNOWLEDGFMFNTS Thc charity greatly appreciates the &8SiStanrK with fundin8 by Hampshire SoLial Services. The charity also appreciates the conlinued cu8tom Df ITW and the membership of Ben West on the Council of Management. Loddon continues to be well meAaged and thanks are due lo Cathy Mar$11, the Workshop Manager, and her team of ass15tants. The COU11 of Management acknowledges the assistsnce re¢eived from Basingstoke & Deane Borough Council by way of exemption from business rates, And the nomination of a councillor to the Council of Management. 05 November 2025 Approvedbyorder of the board of trustees on...................................... .... signpAI on its behalf by: J Burt. Tnle¢ Page 3
DocusSgn Envelo ID.. CA506A99-gA804D3&9534D9F572516024 Inde endenl Examinerls Re Loddon SociAI Enter ort to the Trustees of rise Limited Independent examiner's report to the trustees of Loddon Social Enterprise Limited fthe Company,) l ryort to the charity tsuste¢s on my examination of the a¢Ullts of the Company for the year ended 3 1st MaTGh 2025. Responsibilities and basis of report As the charity's trustees of the Company (and also its directors for the punx)ses of cornpany law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Ad). Having satisfied myself that the accounts of the Company are not required to be audit¢d under Part 16 of the 2(M)6 Act and are eligible for indwident examina110 I report in reSt of my examination of your chaTitys accounts as C8Tried out under Section 145 of the Chariiies Act 2011 {'the 2011 Act,). In carrying out my examination I have followed the Directio$ given by the Charity Commi&sion under Section 145(5) Ib) of the 2011 Act. Independent examlner's statement I have completed my examination. l oonfinn thal no matters have ¢ome to my attention in connection with the examination giving me cause to believe: accounting rccords. were not kept in respect of the Company &y Tequired by Section 386 of the 2006 Act. or the accounts do not acwrd with those records. or the accounts do not comply with the accounting requirements of SeLtion 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is noi a matter considered as part of an independent examinati or the accounLs havc not been prcpared in accordance with the method¥ and principles of the Sthtement of RccommLnded Practice for accounting and reporting by charities (applicable to charities prq)aring their ac¢ounts in accordance with the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland (FRS 102)). I have no concerns and have come acro&8 no other matters in comiection with the examination (o which altention should be drawn in this report in order to enable a proper understhnding of the accounts to bc reached. Kevin Wheeler FCA Wheeler & Co Ltd Chartered Accountants The Shrnbbery 14 Church Stred Whitchurch Hampshire RG28 7AB Page 4
DoGu3rgn Envelope ID.. CAg)6A99.9AB04D3&9534-D9F572516024 L(•ddon Soefial Enterprlse Limited StatemeDI of billancial Aetlvldes for th Year Ended 31st rch 202 31.3.25 Total fidS 31.3.24 Tolal funds Unrestricied fund Restricted funds Notes YCOME EDOwEyTs FROM Donations and legacies 550 550 5(NJ Charltable activities Employm0( of disabled persons 172J63 172,563 159,329 tnvesttn¢nt income 20,588 20,588 10,312 Totsl 193,701 193,701 170.141 EXPEryDITURE OY CbarilAble aetivities Employment of disabled persons 178,807 178,807 153.814 NET INCOME L4,894 14,894 16,327 RECONCILIATIOY LINDS Tutal funds brought foThvard 235,978 305,727 541,705 525,378 TOTAL FUNDS CAKiUbD IORWARD 250,872 3Q5,727 556,599 541,705 The notes fom] part of these financial statements Page 5
Docusign Envelope ID.. CA506A99-9ABCk4D3W534-D9F572516024 Balance Sheet 31st March 2025 31.3.25 31.3.24 Total Unrestricted fijnd Restricted funds funds Noles CURRENT ASSEIS Debtors Cash at bank and in hand io 23,013 241,290 23,013 555,273 46,311 512,619 313,983 264,303 313,983 578286 558.930 CREDITORS Amounts falling due within one year (13,431) (8,256) (21,687) (17,225) NFT CURRFliT ASSETS 250,872 305,727 556,599 541,705 TOTAL ASSETS LESS CURRFNT LIABtLITIES 250,872 305,727 556,599 541,705 NET ASSETS 250.872 305,727 556,599 541.705 FUNDS Unrestricted funds Re8tricted fun(Ls 12 250,872 305,727 235,978 305.727 TOTAL FtJThDS 556,599 541,705 'nK Chitable company is entitled to exempti¢)n from audii under Section 477 of the Companies Acl 2006 for the ycar ended 31 st March 2025. members have not required the company to obtsin an audit of its fllwlcial ststements for the y&gr ended 3 1st March 2025 in accordance with Section 476 of the Companies Act 2C(16. The trustees acknowledge their responsibilities for (a) ensurAn8 that the ch&itsble company keeps accounting records that comply with Sextions 386 and 387 of the Companies Act 2006 and preparing fllwi¢ial statements which give a true and fair view of the state of atfairs of the charitable company as at the end of each fmancial year and of 118 SUlus or defiLIt for cach financial year in accordance with the requiremenLs of Sections 394 and 395 and which othenvise comply with the requirem¢nts of the Companies Act 2006 relatingF to f]nancial statements, so far as applicable to the charitable company. (b) The notes forn] part of these fllwicial statements Page 6 continued...
Docuswn Envebpe ID.. cA506A99-9ASIj4D3&95D9FS72S16o24 ddon Social Enter rise Limited Balanee Sheet- eonthiued 31st March 2025 These finaniial statemcnts have been PTepared in aCcOrdae with the provisions app]icable to cJ)aritsble Com¢S 8ubjcct to the srnall companies regime. The fllMn¢ial ststements were approved by the Board of Trustees and authorised for issue 05 November 2025 . and were signed on its behalf by: by.. J Burt - Tntstee •IAMd by.. Pau IE45293a11894K7.-... A J S Paul - Tntee The nirtes forn] part of these fllW]cial statements Page 7
Docusign Envelope ID: CA506A99-9AB0403&9534-D9FST2516024 ddon Social Ente rise Llmited i'otes to the Flnancial Statements for the Y&gr Ended 31st Mareh 2025 ACCOUhryThG POLICIES Basis of preparing the fancIal statements The fmancial statements of the clwitable company, which is a public benefit entity under FRS 102, have been prepared in acoordae with the Cl)arities SORP (FRS 102) 'Accc4miing and RepKJrting by Charities: Slatement of Recommended Ptice applicable to charities preparing their accounts in cOrdanCe with the Financial ReFrt)rting Standard applicablc in thc UK and Republic of treland {FRS 102) (effective l January 2019),, Financial Reporting Standard 102 The Finla1 RepoTting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements bave been pryared under the historical cost conventio Income All income iy recogni¥ed in the Statement of Financial Activities once the charity has, entitlement to the fimds, it is probable that the income will be received and the amount can be measured reliably. Expendlture Liabiliiies are recognised &8 expenditure as soon as there is a legal or constwclive obligation committing the charity to that expcnditure, it is pmb8ble that a transfer of economic bcnefiL8 will be required in settlement and the amount of the obligation can be rnured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be direclly attributed to particular headings they have been allocated to activiti&S on a basis ¢onsistenl with the use of r&8ources. Allocatlon And apportlonment of costs All costs relate to the n1n activity of the charity. I'an8lbk rued assets Depreciation 18 provided at the following annual rates in Order to write off each over its estimated usefi life. Computer equipment 330/0 1)n ¢ost Tax&tlon The charity is exempt from corporation on its chaTitsble activities. Fund aecounllng Unr¢stiicted funds Gan be used in accordance with the chajitable objectives at the discretion of the tsi)stees, Restricted fimds can only be used for partIlar restricted puw&q within the objects of the charity, Re8tri¢tions arise when specified by the donor or when fulS are raised for particular restrACted purposes. Hfire pureha8e and leasing commfilments Rentals paid under operating l&ises are charged to the Statenwrt of Financial Activities on a straight line basi8 over th¢ period of th¢ Icase. Page 8 continued...
Docusign Envelope ID.. CA506A99-9AB0403B-9534-D9F572516024 Loddon Social En rlse Llmlted ote5 to the Financi S.tatem ontinued DONATIONS AIYD LEGACIES 31.3.25 31.3.24 Donations 550 500 JNVESTMENT ThCOME 31.3.25 31.3.24 Interest rec¢ivable- trading 20,588 10,312 COME FROM CHARITABLE ACTIVITIES 31.3.25 31.3.24 Aciivity Local authority pla¢emenl F.mployment of disabled persons Employment of disabled persons 144,138 28,425 133,649 25.680 Sub-assembly work 172,563 159,329 SIiPPORT COSTS Govemance costs Management Finance Tot21s Employmenl ofdisabled persontri 156,233 3,974 600 160,807 Support costs, included in the above, are as follow¥: 31.3.25 nployment 31.3.24 disabled rLYsons Totsl activities 104,946 29,336 1,951 7,165 542 511 3.958 5,992 1,832 3,700 274 600 86,681 26,627 2,233 4,958 222 271 5,753 3,202 1,485 3.725 247 450 Rent and Services Light and heat Telcphone Postage and stationery Repairs and maintenance SundTi&S Cleaning TreasutYr8 retainer Bank charges Accountancy and legal fees 160,807 135,854 Page 9 continued..
Docusign Envelope ID.. CA5069A804D3SJ4-D9FST2S16024 Loddon Social Enter rise Limited 'otes to the Flnaneial Istim h2 NET INCOMKI(EXPEI%DITURE) Net incomel(expenditure) is ststed after chargingl(crediting): 31.3.25 31.3.24 Other operatll l¢&ses 29,336 26,627 TRUSTEESI RLThfuliERATIo, AND BENEFITS There were no tnte¢s, remuneration or uther benefits for the year ended 31st March 2025 nor for the year ended 3 1st March 2024. Trustees, expense5 There were no truslees, expcn%c% paid for the year ended 31st March 2025 nor for the year ended 31 st March 2024. STA COSTS The average monthly number of employees during the year was as follows: 31.3.25 31.3.24 superv1try Staff (full tim¢ equivalent) No employees received emoluments in excess of £60,(M)O. I'ANGIBLE FIXED ASSETS Computcr ¢quipm¢nt COST At 1st April 2024 and 3 1st March 2025 355 DEPRECIATION At 1st April 2024 and 31st March 2025 355 NET BOOK VALL At 3 1st March 2025 At 318t March 2024 Page 10 wntinu¢d...
Docusign Envelope ID.. CA506A994A804D3&9534-D9F572516024 Loddon Soefial Enterprise Limited Finan Stalements- eontin 10. DEBTORS: AMOUNTS FALL]Th'G DUE WfTHLY ONE YLIR 31.3.25 31.3.24 Trade debtors Prepayments 3,182 19,831 36,770 9541 23,013 46Jll ii. CREDITORS: AMOUIITS FAILING DUE WITIILY OI%E YEAR 31.3.25 31.3.24 So¢ial 8ecurAty and other tsxes VAT Other creditors DefeLTed income ALcrned expenses 3,750 6,831 8256 315 2535 2,465 3,458 8256 315 2,731 21,687 17,225 12. M0VEMFT IN F1)s Net movemenl in fim(Is At 31.3.25 Al 1.4.24 Unre5trlcted funds General fimd 235,978 14,894 250,872 Restrlcted funds Premises development fimd Covid 19- Contff)l Outbreak Millmbyement Fund 291,461 291,461 14,266 14,266 305,727 305,727 TOTAL FUNDS 541,705 14,894 556,599 Nct muvement in funds, included An the above are as follows: Incfmning Resour¢e5 Movement resources expcnded in fi$ Lnrestrieted funds CJcneral fund 193.701 (178,807) 14,894 TOTAL FttNDS 193,701 (178,807) 14.894 Page 11 continued..
DosIgn Envelope10.' LAs069A804D3&9s3D9F5725I6QZ4 lthdon Socfial Enter rlse Limlted ot£&tothe Flnanelal Statements- Continued 12. MOVEMENT Th FUN'DS - ¢ontinued Comparatives for movement In funds Net movement in funds At 31.3.24 At 1.4.23 Ullrestrleted funds General fund 219,651 16,327 235,978 Restrlcted funds Premises development fund Covid 19 - Control Outbreak Management Fund 291,461 291,461 14.266 14,266 305,727 305,727 TO'fAL FUNDS 525,378 16,327 541.705 Comparative net movement in fimds, included in the above are follow8: Incoming resources Resources expended Movement in fund% Unrestrlcted funds General fund 170,141 (153,814) 16,327 TOTAL FUNDS 170,141 (153,814) 16,327 A cumt year12 monthts. and wior yr 12 months combined position is as follows: Net movement in funds At 31.3.25 At 1.4.23 UnrestrA¢ted funds General fund 219,651 31,221 250,872 Re8tr1cted fund8 Premises development fijnd Covid 19 - Control Outbreak Management Fund 291,461 291,461 14.266 14,266 305,727 305,727 TOTAL FUNDS 525.378 31,221 556,599 Page 12
tlocusign Envelope ID: CA506A99-9AB04D38-953¥D9F572516024 tIddOn Soelal EntsrLrtse IAmitsd the Fin ia enls- continued 12. MOVEMEhT IN FUNDS- continued A cuTht year 12 months and prior year 12 months combined net movement in funds, included in the above aTe as follows: Incoming resources Resources expended Movement in fi]nds Unrestrl¢ted fiwds General fund 363,842 (332,621) 31.221 TOTAL FUNDS 363,842 (332,621) 31221 13. RELATED PARTY DISCLOSL]iES There were no related paty transactions for the year ended 31 st Marth 2025. Page 13
Docusyjn Envelope ID: CA506A99-9A804D3B-9534-'D9F572516024 Loddon Social Enter rise Limited ed Stst ent f Finan IActi 31.3.25 31.3.24 INCO1 EI%T)0WLTs Donations and legaeles Donations 550 500 IDVCStment Income Int¢T¢sL r¢¢¢ivabl¢ - traiting 20,588 10,312 Charltable actlvltles LKJ¢al authority pl¢mellt fees Sul>assetnbly work 144,138 28,425 133,649 25,680 172,563 159,329 Totsl Ineomlng resourees 193,701 170,141 EXPFNDITURF Charltable a¢lltIeS Travelling and subsis*nce Welfare 16,607 1,393 16,499 1,461 18,000 17,960 Support costs Management Wages Reni and services 104,946 29,336 ,951 7,165 542 511 3,958 5,992 1,832 86,681 26,627 2,233 4,958 222 271 5,753 3202 1,485 Li&iht and heat Telephone Postage and ststionery Repairs and maintenance Sundries Cleaning 156233 131,432 Flnance 3,700 274 3,725 247 Bank charges 3,974 3,972 Governanee eostS Accountancy and legal fees 600 450 Total resources expended 178.807 153,814 Net income 14.894 16,327 This page does not forni part of the statutory fU]cial statements Page 14