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← Roundabout Limited

2025-03-31-accounts

Company number: 03313253 Charity Number: 1061313

Roundabout Limited

Report and financial statements For the year ended 31 March 2025

Roundabout Limited

Reference and administrative information

for the year ended 31 March 2025

Company number 03313253

Charity number 1061313 Registered office and operational address 13 – 17 St Barnabas Road, Sheffield, S2 4TF

Council of Management/Trustees

The Council of Management comprises all of the trustees who are also directors under company law. The trustees who served during the year and up to the date of this report were as follows:

John Caldwell - Chair Elisabeth Arundale Scott Bailey Kevin Docherty Joel Hanna Julie MacDonald Karen Moxham Amar Tembe Nicholas Barrett Cheryl Kemanci Katie Ellis Tim Castle

Company Secretary Geoff Ticehurst

Key management personnel

Ben Keegan - Chief Executive Tracey Jackson - Deputy Chief Executive Rose Doherty - Head of Accommodation Services Sue Watts - Head of Finance Geoff Ticehurst - Head of Central Services

Bankers Lloyds Bank High Street Sheffield S1 2GA

Auditors Hart Shaw LLP Europa Link Sheffield Business Park Sheffield S9 1XU

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Roundabout Limited

Report of the Council of Management

for the year ended 31 March 2025

The Council of Management is pleased to present its report and the audited financial statements for the year ended 31 March 2025. These financial statements have been prepared to meet the requirements of both a Directors’ Report and Accounts in accordance with the Companies Act, as well as the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP), applicable to charities preparing their accounts in accordance with FRS 102.

Reference and administrative information provided on page 1 forms part of this report. The financial statements comply with all current statutory requirements, the charity’s Memorandum and Articles of Association, and applicable accounting standards.

Objectives and Activities

Aims and Objectives

Roundabout’s charitable objects are to benefit the public by providing support and accommodation for homeless young people in South Yorkshire and North East Derbyshire who are experiencing need, hardship, or distress. The charity also assists in the resettlement and rehabilitation of these young people into the community.

Our principal activities include:

Roundabout Limited is a Company Limited by Guarantee and a Registered Charity. The organisation is governed by a Council of Management, currently comprising twelve trustees. Responsibility for day-today operations is delegated to the Chief Executive, supported by senior managers and a dedicated staff team.

Governance and Review

Ensuring Our Work Delivers Our Aims

Each year, we review our aims, objectives, and activities to evaluate what has been achieved and to assess the outcomes and benefits delivered. This review helps ensure our work remains focused on our charitable purposes and aligned with the needs of the young people we support.

In conducting these reviews, trustees consider the Charity Commission’s general guidance on public benefit and apply this guidance in planning future services and strategic priorities. Trustees place particular emphasis on how planned activities contribute to our mission.

Strategic Focus

Vision

Our vision, as set out in our Strategy Map, is for a region free from youth homelessness, where all young people have a place to call home and receive the support they need to maintain it.

Mission, Values, and Ethos

Roundabout’s mission is to meet the housing needs of every vulnerable young person in our region through high-quality, personalised services.

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Roundabout Limited

Report of the Council of Management

for the year ended 31 March 2025

In the past financial year, our focus has included:

Activities and Beneficiaries

All of Roundabout’s charitable activities aim to improve the lives of homeless or at-risk young people, advancing our public benefit aims.

Key services include:

Roundabout supports young people aged 16–25.

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Roundabout Limited

Report of the Council of Management

for the year ended 31 March 2025

Achievements and Performance

Housing Services:

Roundabout Hostel

Our hostel provides 27 single young people (aged 16–21) with safe accommodation in en-suite rooms or self-contained flats.

Resettlement Team

Works in partnership with Sheffield Youth Justice Service and Children’s Services to support:

Rapid Rehousing Team

Supports young people who have experienced rough sleeping by providing tailored outreach, housing, and support services.

Dispersed Housing Service

In August 2022, Roundabout began delivering the Sheffield Dispersed Housing Service, supporting up to 60 young people in single-occupancy tenancies.

This service:

As of 31 March 2025, Roundabout managed 199 units of single-occupancy accommodation in Sheffield, allocated to young people across the Rapid Rehousing, Resettlement, and Dispersed Housing services (2024: 176 units).

Roundabout Rotherham

Since 2019, Roundabout has delivered youth homelessness services in Rotherham, commissioned by Rotherham Metropolitan Borough Council (RMBC). This provision supports young people aged 16–25 who are homeless or at risk of homelessness, offering both accommodation and personalised support. The service provides a structured pathway that equips young people with the skills and confidence required for independent living and supports them to achieve their aspirations.

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Roundabout Limited

Report of the Council of Management

for the year ended 31 March 2025

In January 2024, Roundabout successfully expanded this service with central government funding, enabling support for up to 37 young people in supported accommodation and a further 30 young people living independently in their own tenancies.

Roundabout Group Living

Since 2012, Roundabout has provided Group Living accommodation for young people aged 16 and over who are in the care of the local authority. We currently operate three Group Living houses in Sheffield, each staffed 24 hours a day. Across these properties, we can accommodate up to 18 young people at any one time.

Housing Support Services:

Supporting Tenants Service

This citywide service supports young people living independently in council, housing association, or private rented accommodation. Funded by Sheffield City Council’s Housing Independence Service, the project works in partnership with young people to help them maintain their tenancies and develop the confidence to live independently after support ends.

During 2024–25, the service received 112 referrals and supported 165 young people. Of the 80 young people whose support concluded during the year, 72 left as part of a planned exit. Overall, 93% of young people maintained their tenancies successfully. A small number moved back with family or friends, or transitioned into specialist supported housing, such as services for those affected by domestic abuse.

Homeless Prevention Service

Roundabout strongly believes that home is the best place for a young person to be—if it is safe. Our Homeless Prevention Service, operating from 22 Union Street in Sheffield since 2014, marked its 10th anniversary in 2024. The service offers early intervention and crisis support to young people aged 16– 25 who are at risk of homelessness, working directly with young people and their families to resolve conflict and prevent family breakdown.

Originally funded through charitable grants and donations, the service secured a Big Lottery Reaching Communities grant in 2016 to expand its reach. In 2022, this funding was renewed for a further four years.

Between April 2024 and March 2025, 684 young people accessed the service. Of these:

All service users received tailored advice and support on issues including welfare benefits, utilities, employment, training, and health and wellbeing.

Schools Peer Education Programme

This homelessness prevention initiative educates secondary school pupils in Sheffield on the realities of youth homelessness. Delivered by trained Peer Educators—young people with lived experience of homelessness—the sessions raise awareness, break down stigma, and signpost sources of help, including Roundabout’s Mediation Service.

Mediation Service

Roundabout’s dedicated Mediation Workers help prevent homelessness by facilitating communication between young people and their families. They provide intensive support—via phone, in-person

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Roundabout Limited

Report of the Council of Management

for the year ended 31 March 2025

sessions, walk-and-talk meetings, and joint family sessions—aimed at improving understanding and resolving conflict.

Between April 2024 and March 2025:

As a result, 85.18% of young people avoided homelessness by remaining in or returning to the family home, moving in with extended family, or transitioning into independent living.

Housing Fund

Roundabout works in partnership with End Youth Homelessness to operate a Housing Fund, helping young people overcome financial barriers when moving on from our services. Grants from this fund help with tenancy start-up costs such as rent deposits, the first month’s rent, furniture, and other essentials.

In 2024–25, the fund supported 102 young people as they moved into independent accommodation.

Employment and Skills Job Coach

Roundabout recognises the crucial role that employment, education, and training play in a young person’s journey toward independence. Our in-house Employment and Skills Job Coach offers tailored one-to-one support in CV writing, interview preparation, and job applications, as well as facilitating work placements and training opportunities through local employers.

During 2024–25, 163 young people engaged with this service, and 51 successfully transitioned into education, employment, or training.

Future Build Project

Launched in 2017 with support from the OVO Energy Foundation, Future Build provides young people with the opportunity to refurbish properties for future use as affordable housing. Young participants work alongside professional tradespeople, gaining hands-on experience and skills to help them secure employment in construction or related sectors.

Roundabout now owns four Future Build properties, including a three-bedroom home purchased in 2021 to grow the project’s reach. In 2024–25:

Volunteer Programme

Volunteers play a vital role in enhancing Roundabout’s services. This year, 360 individuals contributed their time across mentoring, group activities, administrative support, and fundraising events. From board game swaps to Sleep-Outs, quizzes, and raffles, our volunteers were instrumental in raising funds and awareness throughout the community.

We are immensely grateful to all our volunteers for their dedication and the positive impact they make.

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Roundabout Limited

Report of the Council of Management

for the year ended 31 March 2025

Reserves

This year’s strong financial performance has also enabled us to strengthen our free reserves. Achieving a level equivalent to three months of running costs provides Roundabout with greater resilience, ensuring we can continue to deliver essential services and respond effectively to emerging needs, even in the face of external challenges or funding uncertainties.

Summary of Activities

In 2024–25, Roundabout supported 1,292 young people across all services, helping them avoid or escape homelessness. We continue to strengthen and diversify our services, working closely with young people to identify new ways to meet their housing and support needs.

Our commitment extends beyond service delivery—we collaborate with partner agencies to ensure access to appropriate education, training, healthcare, and social support. Roundabout also plays an active role in citywide strategic initiatives and continues its close partnership with the Youth Justice Service.

Ending Youth Homelessness

Roundabout remains resolutely committed to the vision that no young person should need to sleep rough in our region. Our operational strategy is shaped around this aim:

Policy Engagement:

Local Policy

Roundabout actively influences local policy. We:

Our collaboration with Sheffield City Council led to the creation of the Supported Housing Pathway— ensuring targeted, effective accommodation for young people with the highest needs.

National Policy

As a key member of the End Youth Homelessness Alliance, Roundabout contributes to national advocacy efforts and policy development.

Our Chief Executive, Ben Keegan, represents Yorkshire and Humber on the Homeless Link National Advisory Council, influencing government policy on homelessness.

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Roundabout Limited

Report of the Council of Management

for the year ended 31 March 2025

Property Ownership

Roundabout owns 6 properties that accommodate up to 21 young people at any one time. The total net book value of Roundabout owned properties stands at £794,260 as at 31[st] March 2025, which includes £120,000 for an investment asset.

Sustainability, Carbon Footprint and Social Value

Roundabout is working towards reducing our GHG emissions over time and is committed to achieving Net Zero by 2050. We are working on developing an organisation-wide Carbon Reduction Plan and are signed up to the Social Value Portal where we are closely monitoring the social, economic and environmental benefits we contribute to local society via some of our contracts with Sheffield City Council and Rotherham Metropolitan Borough Council.

Financial review

Roundabout’s total surplus for the financial year was £621,347. This was comprised of an unrestricted surplus of £629,623 and a restricted deficit of (£8,276).

Roundabout’s total income for the year was £9,426,145 compared to £8,355,042 in the previous year. This represents a 12.8% increase in Roundabout’s income year-on-year and is as a result of:

Roundabout’s total expenditure for the year was £8,804,798 compared to £8,211,822 in the previous year. This represents a 7.2% increase in Roundabout’s expenditure year-on-year and is as a result of:

Reserves and reserves policy

Roundabout’s total reserves at the year-end were £2,308,674 compared to £1,687,327 at the end of the previous financial year. Of the £2,308,674:

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Roundabout Limited

Report of the Council of Management

for the year ended 31 March 2025

The Charity’s Reserves Policy recommends that general funds should be held to fund 3 months of unrestricted costs in order to meet unforeseen contingencies and to ensure that the charity can run efficiently and meet the needs of its beneficiaries. This is currently calculated at £1.9m for the forthcoming year, against general funds of £1,803,484 which includes the investment asset and other tangible fixed assets. The forthcoming year includes consolidation following significant growth in the previous couple of years. Reserves will be used towards property purchases to further enhance our offering of supported accommodation.

The Reserves Policy has been reviewed in line with the expansion of operations and the associated risks. The Trustees are confident that the current level of unrestricted reserves are adequate for the foreseeable needs of Roundabout Ltd.

Fundraising

2024/25 has been a year of ambitious growth, strategic investment, and deepening community engagement. The fundraising environment continues to feel the effects of the cost-of-living crisis, and while both individual and corporate giving remain under pressure, Roundabout has responded by diversifying activity, investing in long-term relationships, and strengthening our fundraising infrastructure. Youth homelessness continues to be a critical issue, and we remain committed to raising awareness, challenging stigma, and securing support to meet increasing need.

Event Fundraising

This year saw us build on our strongest campaigns while continuing to innovate. We celebrated the continued success of A Night at the Musicals at the Crucible Theatre, which featured over 100 performers and raised over £25,000. We welcomed back The Yorkshire Chocolate Festival and the abseil, alongside favourites like Sleep Out, Sheffield 10k, Ride London, and themed events such as our Murder Mystery Dinner and Quizmas. We also held our first ever Christmas Market at Sheffield Town Hall.

Supporter-led fundraising remained strong, with many individuals completing personal challenges from runs to skydives.

Corporate Fundraising

This is the first full year to have a Business Development Manager in post to focus on growing Roundabout’s corporate relationships. We are investing time in building long-term partnerships, with a clear goal of being recognised as a key charity partner within the local business community. This has already led to new partnerships and increased invitations to corporate dinners, award nights, and presentations, therefore enabling us to speak directly to new audiences.

A highlight is being selected as charity partner for GB Boxing and Strata.

Community and Individual Giving

Our Community Fundraiser has continued to proactively attend local events, talks, and group meetings, strengthening grassroots support. While some regular donors have had to reduce or pause giving due to financial strain, we have continued to welcome new supporters and stabilise regular giving overall. We were selected as the charity partner for the UK Bummit in collaboration with Sheffield University. We are looking to grow regular giving next year through a campaign to help increase stable income for the charity. A highlight for community fundraising this year was Peter Beeby hosting his Christmas hike for us, raising a record amount of money to support our services and young people over the holidays. We

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Roundabout Limited

Report of the Council of Management

for the year ended 31 March 2025

also received large donations from Tapton Hall Freemasons, Sheffield Quakers and St. Augustine's Church.

Trusts, Grants and Legacies

This year saw a significant increase in trust and foundation income. We had a period without a Trust and Grant fundraiser this year which proved quite difficult for submitting applications, however, with the support of the Homewards Foundation, we were able to start a brand-new prevention service at Roundabout. It is increasingly difficult to secure funding through trusts and grants as the landscape of priorities has changed. As charities develop to find new ways of funding their services in a difficult economic landscape we are against increased competition for grants and every opportunity is massively oversubscribed.

In-kind Donations

Alongside financial income, the fundraising team secured an estimated £62,000 worth of in-kind donations. These included goods to support young people, event prizes, clothing, and essential supplies, all contributions that greatly extend the reach of our work.

Fundraising Governance and Practice

Roundabout’s small but committed team of six fundraisers lead all activity in line with the Code of Fundraising Practice, ensuring compliance with the Fundraising Regulator and GDPR. We have not employed any professional fundraisers or agencies, and we do not undertake door-to-door fundraising. Communication preferences are collected and upheld for all supporters.

A named staff member is assigned to support any groups or individuals fundraising in aid of Roundabout. They provide clear guidance and ensure all fundraising is conducted ethically, safely, and legally. From the initial contact through to post-event follow-up, we ensure external fundraisers are supported and well-informed.

There have been no complaints, no compliance breaches, and no investigations into our fundraising activity this year. We remain registered with the Fundraising Regulator and are committed to continuous training. All team members are qualified and experienced, and we regularly review our practices to ensure the protection of vulnerable people.

Roundabout continues to share honest, transparent and respectful messaging, inviting support but never applying undue pressure. Our fundraising is values-led, young-person-focused, and proudly rooted in our local community.

Plans for the future

After a sustained period of rapid growth, Roundabout now plans to consolidate its position and invest in infrastructure to ensure high quality services can be delivered where they are most needed long into the future.

It is a major part of Roundabout’s ethos to strive for continuous improvement in both the management and delivery of our services, to ensure they continue to be relevant and effective in meeting the needs of young people who are homeless or at risk of homelessness. Roundabout will continue to work closely with national and local organisations to ensure that outcomes are successful both for Roundabout itself and for the homeless young people we support.

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Roundabout Limited

Report of the Council of Management

for the year ended 31 March 2025

From 2024 there has been a requirement for Roundabout to be registered with OFSTED for services that work with 16 and 17 year old looked after children. The team will be working hard to ensure we meet all the new OFSTED requirements.

Our main priority this year will be to embed the services we currently run, but there are always new challenges and new needs that need to be met. Alongside this, Roundabout will continue to manage its finances carefully to ensure long-term sustainability. Maintaining free reserves at a level equivalent to three months of running costs will remain a priority, providing stability in uncertain times and allowing us to safeguard services for young people should funding pressures arise.

We will continue to collaborate closely with national and local partners to maximise outcomes for the young people we support, as well as for Roundabout as an organisation. Our goal remains clear: to prevent youth homelessness wherever possible and to ensure that those who do experience it are offered the support and accommodation they need to thrive.

Key priorities for 2025–26 include:

Structure, Governance and Management

Governing Documents

Roundabout is a charitable company limited by guarantee, incorporated on 5 February 1997 and registered as a charity on 15 March 1997.

The charity is governed by its Articles of Association, which define its charitable objectives and powers. Each member of the charity guarantees to contribute up to £1 in the event of winding up. As of 31 March 2025, there were 12 such guarantees in place (2024: 12). Trustees are members of the charity and have voting rights, but receive no financial benefit from their position.

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Roundabout Limited

Report of the Council of Management

for the year ended 31 March 2025

Recruitment and Appointment of Trustees

Roundabout’s Council of Management, which also serves as the Board of Trustees, is responsible for strategic oversight and leadership. Trustees are recruited to ensure the Board reflects the diversity, skills, and lived experience necessary to guide Roundabout’s work effectively.

Induction and Training of Trustees

All trustees receive a comprehensive induction, and are regularly updated on changes in legislation, safeguarding requirements, governance best practice and sector developments. Trustees are encouraged to participate in relevant external training, seminars, and strategic planning sessions.

Organisational Structure

The Council of Management holds overall responsibility for governance and strategic direction. Day-today operations are delegated to the Chief Executive (Ben Keegan), supported by the Deputy Chief Executive (Tracey Jackson), who leads on quality assurance, training, and policy development.

Roundabout is structured into twelve teams, each responsible for the delivery of specialist services:

Related Parties and External Relationships

Roundabout does not currently have any formal subsidiaries or affiliated organisations. All trustees serve on a voluntary basis and receive no financial benefit. Any transactions or potential conflicts of interest are managed through Roundabout’s Conflict of Interest Policy, and declarations are reviewed annually.

Remuneration Policy for Key Management Personnel

The remuneration of senior staff is reviewed annually by the Board of Trustees. This ensures that salaries are aligned with sector benchmarks and reflect the responsibilities of the roles.

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Roundabout Limited

Report of the Council of Management

for the year ended 31 March 2025

Risk Management

Roundabout’s trustees take a proactive approach to identifying and mitigating risks. A comprehensive risk register is maintained, covering areas such as safeguarding, financial stability, regulatory compliance, and operational delivery. Systems and controls are reviewed regularly to ensure continued organisational resilience.

Roundabout maintains robust financial controls and governance arrangements, and continues to focus on sustainability and financial health in the face of increasing demand and rising costs.

Statement of Responsibilities of the Trustees

The trustees (also directors for the purposes of company law) are responsible for preparing the Report of the Council of Management and the financial statements in accordance with UK law and UK Generally Accepted Accounting Practice (GAAP).

In preparing these statements, trustees must:

Trustees are also responsible for maintaining adequate financial records, safeguarding the charity’s assets, and taking reasonable steps to prevent fraud or financial irregularities.

As far as the trustees are aware:

The trustees are responsible for the accuracy and integrity of the information published on the charity’s website in accordance with UK legislation.

Audit Committee

Roundabout has an Audit Committee, which is comprised of three trustees. The Audit Committee is responsible for the review of the annual report and financial statements which are then approved by the Chairman of the trustees.

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Roundabout Limited

Report of the Council of Management

for the year ended 31 March 2025

Auditors

Hart Shaw LLP were re-appointed as the charitable company's auditors during the year and have expressed their willingness to continue in that capacity.

This report has been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime of the Companies Act 2006.

The Report of the Council of Management has been approved by the trustees on 22[nd] September 2025 and signed on their behalf by

John Caldwell

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Independent auditors’ report

to the members of

Roundabout Limited

Opinion

We have audited the financial statements of Roundabout Limited (the ‘charitable company') for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows, and the notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

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

Conclusions relating to going concern

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

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

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

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Independent auditors’ report

to the members of

Roundabout Limited

Other information

The other information comprises the information included in the Report of the Council of Management, other than the financial statements and our auditor’s report thereon. The Trustees are responsible for the other information contained within the Report of the Council of Management. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements, or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated.

If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

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

Matters on which we are required to report by exception

In the light of knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report and the directors’ report.

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

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Independent auditors’ report

to the members of

Roundabout Limited

Responsibilities of Trustees

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

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

Auditor's responsibilities for the audit of the financial statements

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

Extent to which the audit was considered capable of detecting irregularities, including fraud and the audit response

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

We have assessed the overall susceptibility of the financial statements to material misstatement due to irregularities as low.

Our approach at the planning stage which contributed to designing procedures included:

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Independent auditors’ report

to the members of

Roundabout Limited

The significant laws and regulations directly affecting the financial statements where the consequences of non-compliance could have a material effect on amounts or disclosures in the financial statements included: The Charities Act and related regulations, Care Quality Commission, The Statement of Recommended Practice (SORP), The Companies Act 2006 as well as other operational laws and regulations.

We assessed the overall susceptibility of the financial statements to material misstatement due to fraud, as low.

In response to the risks our approach included but was not limited to:

Management override may cause there to be a material misstatement within the financial statements and may present itself in a number of ways, for example:

In relation to how the risk of management override of controls was addressed, our approach included but was not limited to:

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Independent auditors’ report

to the members of

Roundabout Limited

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly followed auditing standards. There is a higher risk of irregularities relating to fraud being undetected as these may involve the override of internal controls, collusion, deliberate omissions and/or misrepresentations.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

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

Hannah Jones (Senior Statutory Auditor)

For and on behalf of Hart Shaw LLP

Chartered Accountants

Statutory Auditor Europa Link Sheffield Business Park Sheffield S9 1XU

Date: 3 October 2025

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Roundabout Limited

Statement of Financial Activities

(including Income and Expenditure account) for the year ended 31 March 2025

Note
Income
Donations and legacies
3
4
Investment income
5
Total income
Expenditure
Costs of raising funds
6
7
Total expenditure
Net gains/(losses) on investments
9
Transfer between funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
Net income/(expenditure)
for the year
Net movement in funds for
the year
Income from charitable
activities
Expenditure on charitable
activities		 Unrestricted
funds

£
464,791
8,603,158
30,748
9,098,697
309,516
8,159,558
8,469,074
-
629,623
-
629,623
1,653,261
2,282,884		 Restricted
funds
£
5,448
322,000
-
327,448
-
335,724
335,724
-
(8,276)
-
(8,276)
34,066
25,790		 Total funds
2025
£
470,239
8,925,158
30,748
9,426,145
309,516
8,495,282
8,804,798
-
621,347
-
621,347
1,687,327
2,308,674		 Unrestricted
funds
£
580,836
7,507,187
14,124
8,102,147
287,694
7,642,631
7,930,325
-
171,822
-
171,822
1,481,439
1,653,261		 Restricted
Total funds
funds
2024
£
£
18,041
598,877
234,854
7,742,041
-
14,124
252,895
8,355,042
-
287,694
281,497
7,924,128
281,497
8,211,822
-
-
(28,602)
143,220
-
-
(28,602)
143,220
62,668
1,544,107
34,066
1,687,327

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

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Roundabout Limited

Company number 3313253

Balance sheet as at 31 March 2025

Note 2025 2025 2024 2024
£ £ £ £
Fixed assets
Tangible assets 13 701,472 740,308
Investments 14 120,000 120,000
Total fixed assets
Current assets
Debtors
Cash at bank and in hand		 15 727,912
1,560,112		 821,472 750,946
599,392		 860,308
Total current assets
Liabilities
Creditors: amounts falling
due in less than one year		 16 2,288,024
(800,822)		 1,350,338
(523,319)
Net current assets 1,487,202 827,019
Total assets less current liabilities 2,308,674 1,687,327
Net assets 2,308,674 1,687,327
The funds of the charity:
Restricted income funds
Unrestricted income funds		 18
19		 25,790
2,282,884		 34,066
1,653,261
Total charity funds 2,308,674 1,687,327

The notes on pages 23 to 36 form part of these accounts.

Approved by the trustees on 22[nd] September 2025 and signed on their behalf by:

J Caldwell

21

Roundabout Limited

Statement of Cash Flows for the year ending 31 March 2025

Note
Cash provided by/(used in) operating activities
23
Cash flows from investing activities:
Dividends, interest, and rents from investments
Proceeds from sale of tangible fixed assets
(Purchase)/donation of tangible fixed assets
Cash provided by/(used in) investing activities
Increase/(decrease) in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Total cash equivalents at the end of the year		 2025
£
929,972
30,748
-
-
30,748
960,720
599,392
1,560,112		 2024
£
244,819
14,124
1,000
(62,092)
(46,968)
197,851
401,541
599,392

22

Roundabout Limited

Notes to the accounts for the year ended 31 March 2025

1 Accounting policies

The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

a Basis of preparation

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

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

b Preparation of the accounts on a going concern basis

The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern. The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next reporting period.

c Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material.

Net rent receivable represents the annual housing benefits attributable to the properties together with the residents' own contributions, less corresponding amounts for periods of non-occupancy. Rents not collectable are included as bad debts under 'Expenditure on Charitable Activities'.

Income received in advance of a provision of a specified service is deferred until the criteria for income recognition are met.

23

Roundabout Limited

Notes to the accounts for the year ended 31 March 2025 (continued)

d Donated goods, services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised and refer to the trustees’ annual report for more information about their contribution.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

e Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.

f Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the charity.

Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose.

Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work or for specific projects being undertaken by the charity.

g Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

h Allocation of support costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the charity's programmes and activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities. The bases on which support costs have been allocated are set out in note 8.

24

Roundabout Limited

Notes to the accounts for the year ended 31 March 2025 (continued)

i Operating leases

Operating leases are leases in which the title to the assets, and the risks and rewards of ownership, remain with the lessor. Rental charges are charged on a straight line basis over the term of the lease.

Leases on photocopier equipment in place on the transition date for FRS 102 (1 April 2014) will continue to be classified as operating leases until the expiry of the contract. Expenditure on improvements and additions to premises occupied under short-term leases is not capitalised.

j Tangible fixed assets

Individual fixed assets costing £1,000 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a straight line basis as follows:

Freehold buildings 2% Motor Vehicles 33%

Depreciation is charged when the asset is brought into use.

Freehold and long leasehold properties owned and that are suitable for the client base are capitalised at the initial purchase price plus costs associated with putting the property into a habitable condition on a fully furnished rental basis. Fixtures and fittings are replaced when necessary, the costs being charged to revenue.

The trustees review annually the net book value of the properties.

k Fixed asset investments

The charity's fixed asset investments comprise investment property. The investment properties were initially recognised at transaction value and are subsequently measured at their fair value as at the balance sheet date. The statement of financial activities includes the net gains and losses arising on revaluation at the balance sheet date.

The Charity does not acquire put options, derivatives or other complex financial instruments.

l Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

m Current asset investments

The charity's current asset investments comprise investment property held for sale. The investment properties were initially recognised at transaction value and are subsequently measured at their fair value at the balance sheet date. The statement of financial activities includes the net gains and losses arising on revaluation at the balance sheet date.

n Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

25

Roundabout Limited

Notes to the accounts for the year ended 31 March 2025 (continued)

o Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

p Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

q Pensions

Employees of the charity are entitled to join a defined contribution 'money purchase' scheme operated by Standard Life. The charity's contribution is restricted to the contribution disclosed in note 10. There were contributions outstanding at the year end of £27,028 (2024: £29,374).

Pension contributions are allocated to activities and restricted/unrestricted funds on the same basis as employees' salaries.

2 Legal status of the charity

The charity is a company limited by guarantee registered in England and Wales and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The registered office address is disclosed on page 1.

26

Roundabout Limited

Notes to the accounts for the year ended 31 March 2025 (continued)

3 Income from donations and legacies

Donations
Legacies
Income from charitable activities
Housing
Hostel:
Net rent receivable
Service Contract Fees
Student placement fees
Other Income
Resettlement & Group Living:
Net rent receivable
Service Contract Fees
Support services
Sheffield Youth Justice Service
Student placement fees
Other Income
Total Housing Income
Housing Support
Supported Tenancy:
Net rent receivable
Service Contract Fees
Student placement fees
Homeless Prevention:
Big Lottery Reaching Comm.
Private Rented Sector
HPS Mediation
Upstream
Other Income
Other Support Projects:
Employment & Skills
Future Builders
First Step
NHS Safe Space
Refurbishments
Health Fund
Suicide Prevention & Mental Health
Other
Total Housing Support Income
Other Income
Student placement fees		 Unrestricted
£
464,791
-
464,791
Unrestricted
£
601,846
275,155
3,904
-
4,907,111
1,370,735
929,489
59,311
-
12,000
8,159,551
51,683
203,828
1,400
-
-
23,616
-
41,300
-
-
-
75,600
-
20,180
-
25,000
442,607
1,000
8,603,158		 Restricted
£
5,448
-
5,448
Restricted
£
-
-
-
1,500
-
-
-
-
-
-
1,500
-
-
-
84,367
59,124
-
20,577
-
30,794
50,000
-
-
-
-
66,638
9,000
320,500
-
322,000		 Total 2025
£
470,239
-
470,239
Total 2025
£
601,846
275,155
3,904
1,500
4,907,111
1,370,735
929,489
59,311
-
12,000
8,161,051
51,683
203,828
1,400
84,367
59,124
23,616
20,577
41,300
30,794
50,000
-
75,600
-
20,180
66,638
34,000
763,107
1,000
8,925,158		 Unrestricted
£
530,836
50,000
580,836
Unrestricted
£
551,176
275,155
14,455
-
3,555,821
1,599,362
806,598
59,311
-
58,375
6,920,253
-
203,828
1,400
-
-
23,616
-
35,000
-
-
-
288,000
-
10,090
-
25,000
586,934
-
7,507,187		 Restricted
£
18,041
-
18,041
Restricted
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
82,272
58,594
-
-
-
35,865
53,123
-
-
-
-
-
5,000
234,854
-
234,854		 Total 2024
£
548,877
50,000
598,877
2024
£
551,176
275,155
14,455
-
3,555,821
1,599,362
806,598
59,311
-
58,375
6,920,253
-
203,828
1,400
82,272
58,594
23,616
-
35,000
35,865
53,123
-
288,000
-
10,090
-
30,000
821,788
-
7,742,041

4 Income from charitable activities

27

Roundabout Limited

Notes to the accounts for the year ended 31 March 2025 (continued)

5
Investment income
Income from bank deposits
Rent - investment property
All investment income is unrestricted.
6
Cost of raising funds
Fundraising staff costs - salaries
Fundraising staff costs - other
Fundraiser's Fees
Fundraising events
Marketing and promotional costs
Travel
Office Costs
Support costs (see note 8)
Governance costs (see note 8)		 2025
£
21,258
9,490
30,748
2025
£
201,337
3,284
5,248
50,699
6,152
1,382
5,262
3,100
33,052
309,516		 2024
£
5,294
8,830
14,124
2024
£
164,928
1,115
3,600
65,522
17,120
1,709
5,484
2,447
25,769
287,694

All expenditure on cost of raising funds is unrestricted.

28

Roundabout Limited

Notes to the accounts for the year ended 31 March 2025 (continued)

7 Analysis of expenditure on charitable activities

Staff costs - Salaries
Staff costs - Other
Premises
Administration
Project costs
Depreciation
Total
Governance costs (see
note 8)
Support costs (see
note 8)		 Hostel
Resettlement
& Group Living
£
£
578,354
2,585,545
-
11,000
-
-
9,943
70,180
272,698
3,319,313
11,790
27,046
8,479
36,826
90,388
392,579
971,652
6,442,489

Housing		 Supported
Tenancy
Homeless
Prevention
Other
Support
Projects
£
£
£
341,047
223,615
201,493
426
8,506
216
-
11,040
-
12,965
9,672
2,482
20,926
35,949
39,419
-
-
-
5,505
6,897
2,468
58,684
73,524
26,307
439,553
369,203
272,385
Restricted expenditure
Unrestricted expenditure
Housing Support		 Total 2025
£
3,930,054
20,148
11,040
105,242
3,688,305
38,836
60,175
641,482
8,495,282
335,724
8,159,558
8,495,282		 Hostel
Resettlement
& Group
Living
£
£
573,689
2,457,318
4,964
137,035
-
-
12,880
88,077
249,331
2,766,884
11,127
24,392
6,118
35,655
64,422
375,408
922,531
5,884,769
Housing		 Supported
Tenancy
Homeless
Prevention
Other
Support
Projects
£
£
£
325,098
196,469
344,539
372
3,094
2,943
-
10,920
-
11,707
4,164
5,957
229
26,861
53,013
-
-
-
4,394
3,782
3,226
46,267
39,825
33,968
388,067
285,115
443,646
Restricted expenditure
Unrestricted expenditure
Housing Support		 Total 2024
£
3,897,113
148,408
10,920
122,785
3,096,318
35,519
53,175
559,890
7,924,128
281,497
7,642,631
7,924,128

Resettlement & Group Living project costs includes £Nil spent on refurbishment projects during the year (2024: £Nil).

29

Roundabout Limited

Notes to the accounts for the year ended 31 March 2025 (continued)

8 Analysis of governance and support costs

==> picture [423 x 138] intentionally omitted <==

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |Support|Governance|Total 2025|Support|Governance|Total 2024| |£|£|£|£|£|£| |Staff costs - salaries|370,013|56,611|426,624|345,674|49,309|394,983| |Staff costs - other|27,470|-|27,470|21,937|-|21,937| |Premises|53,597|-|53,597|52,642|-|52,642| |Office costs|13,285|-|13,285|9,140|-|9,140| |IT costs|87,186|-|87,186|53,145|-|53,145| |Administrative costs|104,172|-|104,172|75,942|-|75,942| |Depreciation|-|-|-|-|-|-| |Audit fees|-|6,630|6,630|-|6,300|6,300| |Accountancy services|-|-|-|-|-|-| |Legal and professional|18,811|34|18,845|27,179|13|27,192| |674,534|63,275|737,809|585,659|55,622|641,281|

----- End of picture text -----

Governance and support costs are allocated between Cost of Raising Funds and Expenditure on Charitable Activities pro rata per staff FTE engaged in those activities.

9 Net income/(expenditure) for the year

This is stated after charging/(crediting):

==> picture [416 x 59] intentionally omitted <==

----- Start of picture text -----
|||| |---|---|---| |This is stated after charging/(crediting):|2025|2024| |£|£| |Depreciation|38,836|35,519| |Operating lease rentals:| |Property|1,492,946|1,165,773| |Auditor's remuneration - audit fees|6,630|6,300|

----- End of picture text -----

10 Staff costs

Staff costs during the year were as follows:

==> picture [412 x 77] intentionally omitted <==

----- Start of picture text -----
|||| |---|---|---| |2025|2024| |£|£| |Wages and salaries|4,014,802|3,906,665| |Social security costs|362,123|362,600| |Pension costs|181,090|187,759| |4,558,015|4,457,024|

----- End of picture text -----

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

==> picture [395 x 37] intentionally omitted <==

----- Start of picture text -----
|||| |---|---|---| |2025|2024| |No.|No.| |In the band £60,001 - £70,000|1|1| |In the band £70,001 - £80,000|1|-|

----- End of picture text -----

The average number of staff employed during the period (including relief staff) was 147 (2024: 144). The average full time equivalent number of staff employed during the period was 123 (2024: 125).

The key management personnel of the charity comprise the trustees, the Chief Executive Officer, the Deputy Chief Executive Officer, the Head of Accommodation Services, the Head of Finance and the Head of Central Services. The total employee benefits of the key management personnel of the charity were £284,262 (2024: £268,700).

Tax-free redundancy payments totalling £24,450 were made during the year following restructure and reorganisation of some services.

30

Roundabout Limited

Notes to the accounts for the year ended 31 March 2025 (continued)

11 Trustee remuneration and expenses, and related party transactions

Neither the trustees nor any persons connected with them received any remuneration or reimbursed expenses during the year (2024: Nil).

Trustees received no travel and subsistence expenses during the year (2024: £Nil).

Aggregate donations from trustees and related parties were £1,560 (2024: £1,050). In addition, during the course of the year, the trustees have attended fundraising events and have made small cash donations at such events.

There are no donations from trustees or related parties which are outside the normal course of business.

No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity, including guarantees, during the year (2024: nil).

12 Corporation tax

The charity is exempt from tax on income and gains falling within Chapter 3 of Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.

13 Fixed assets: tangible assets

Cost
Additions
Disposals
Depreciation
Charge for the year
Disposals
Net book value
At 31 March 2024
At 1 April 2024
At 1 April 2024
At 31 March 2025
At 31 March 2025
At 31 March 2025		 Freehold land
and buildings
£
812,046
-
-
812,046
122,545
15,241
-
137,786
674,260
689,501		 Motor
Vehicles
88,731
-
-
88,731
37,924
23,595
-
61,519
27,212
50,807		 Total
£
900,777
-
-
900,777
160,469
38,836
-
199,305
701,472
740,308

31

Roundabout Limited

Notes to the accounts for the year ended 31 March 2025 (continued)

14 Investments

Fixed Asset Investments:

Add: additions to investments at cost
Disposals at carrying value
Add net gain/(loss) on revaluation
Market value at the end of the year
Market value at the start of the year		 2025
£
120,000
-
-
-
120,000		 2024
£
120,000
-
-
-
120,000

Market value at the end of the year

Investments consisted entirely of an investment property. The historical cost of the investment property was £94,597.

The property was not subject to a professional valuation at the balance sheet date. The fair value is considered to be the market value of the property and was determined by the Council of Management in March 2025 based upon the marketed price and sold price of similar properties in the area.

There are no restrictions on the ability of the charity to dispose of the property.

15 Debtors

Rent receivable
Trade debtors
Other debtors
Prepayments and accrued income
16
Creditors: amounts falling due within one year
Staff overtime and relief worker payments
Trade creditors
Other creditors and accruals
Housing benefit overpaid
Deferred income
Taxation and social security and pension costs
17
Deferred income
Deferred income brought forward
Monies received
Released to total income
Deferred income carried forward		 2025
£
267,366
149,119
72,056
239,371
727,912
2025
£
35,400
90,629
205,486
72,924
282,020
114,363
800,822
2025
£
48,757
424,001
(190,738)
282,020		 2024
£
280,408
129,352
75,933
265,253
750,946
2024
£
43,500
131,428
122,134
58,101
48,757
119,399
523,319
2024
£
118,150
316,332
(385,725)
48,757

Deferred income consists of restricted grant income where payments are received in advance and may cover periods beyond the financial year end. Amounts are deferred to ensure the Statement of Financial Activities accurately reflects the income relating to the financial year.

32

Roundabout Limited

Notes to the accounts for the year ended 31 March 2025 (continued)

18 Analysis of movements in restricted funds

Housing Support
Welfare Fund
Big Lottery
Employment & Skills
Future Builders
Private Rented Sector
Suicide Prevention & Mental Health
Upstream
Other projects
Housing
Norman House Ltd
Total		 Balance at 1
April 2023
£
2,130
-
608
27,472
6,422
-
-
12,136
48,768
13,900
13,900
62,668		 Income
£
2,441
82,272
35,865
53,123
58,594
-
-
20,600
252,895
-
-
252,895		 Expenditure
£
(2,202)
(82,272)
(34,439)
(80,595)
(65,016)
-
-
(16,973)
(281,497)
-
-
(281,497)		 Transfers
£
-
-
-
-
-
-
-
-
-
-
-
-		 Balance at
1 April
2024
£
2,369
-
2,034
-
-
-
-
15,763
20,166
13,900
13,900
34,066		 Income
£
948
84,367
30,794
50,000
59,124
66,638
20,577
15,000
327,448
-
-
327,448		 Expenditure
£
(1,155)
(84,367)
(32,828)
(50,000)
(59,124)
(66,638)
(20,577)
(21,035)
(335,724)
-
-
(335,724)		 Transfers
£
-
-
-
-
-
-
-
-
-
-
-
-		 Balance at
31 March
2025
£
2,162
-
-
-
-
-
-
9,728
11,890
13,900
13,900
25,790

33

Roundabout Limited

Notes to the accounts for the year ended 31 March 2025 (continued)

Name of Fund Description, nature and purposes of the fund Welfare Fund Grants received from other charities to assist young people who do not have access to other income. Big Lottery Big Lottery Reaching Communities grant to fund salaries and operating costs within the Homeless Prevention Service for a five-year period. Employment & Skills Grant to fund an Employment & Skills Job Coach. Future Builders Funding to support nine young homeless people to refurbish a property that they will be able to live in once the refurbishment is completed. Private Rented Sector Funding to help and support young people to access Private Rented accommodation in Sheffield. Suicide Prevention / Mental Health Funding to provide mental health services to our young people. Upstream Funding to provide a new service working with Sheffield schools with the aim of preventing homelessness in the future. Other Projects Various donations totalling £15,000 to support as below: - £9,000 to purchase furniture and other maintenance costs - £3,000 for activities and healthy meals - £1,500 for sports equipment at our hostel - £1,000 for starter packs for our young people - £500 for musical activities for our young people Norman House Limited Funds towards the cost of furnishing and decorating a new 'Core House' to provide resettlement housing in Sheffield.

34

Roundabout Limited

Notes to the accounts for the year ended 31 March 2025 (continued)

19 Analysis of movement in unrestricted funds

General Fund
Desig: Property Assets Fund
Desig: Educational Fund
Revaluation Reserve		 Balance at
1 April
2023
£
925,664
490,775
10,000
55,000
1,481,439		 Income
£
8,102,147
-
-
-
8,102,147		 Expenditure
£
(7,919,638)
(10,687)
-
-
(7,930,325)		 Transfers
£
-
-
-
-
-		 Balance at
1 April
2024
£
1,108,173
480,088
10,000
55,000
1,653,261		 Income
£
9,098,697
-
-
-
9,098,697		 Expenditure
£
(8,458,386)
(10,688)
-
-
(8,469,074)		 Transfers
£
-
-
-
-
-		 As at 31
March 2025
£
1,748,484
469,400
10,000
55,000
2,282,884

Name of Fund Description, nature and purposes of the fund

General fund

The free reserves after allowing for all designated funds.

Designated The property assets fund represents the funds invested in two properties, 11 St Barnabas Road and Glencoe Road. These are property assets fund illiquid and not therefore available to support ongoing operations.

Designated educational fund

The educational fund is targeted towards helping young people into further education.

35

Roundabout Limited

Notes to the accounts for the year ended 31 March 2025 (continued)

20 Analysis of net assets between funds

Tangible fixed assets
Fixed asset investments
Cash at bank and in hand
Other net current assets/
(liabilities)
Total		 General
fund
£
232,072
120,000
1,534,322
(82,910)
1,803,484		 Designated
funds
£
469,400
-
-
10,000
479,400
20		 Restricted
funds
£
-
-
25,790
-
25,790
25		 Total
£
701,472
120,000
1,560,112
(72,910)
2,308,674		 General
fund
£
260,220
120,000
565,326
217,627
1,163,173		 Designated
funds
£
480,088
-
-
10,000
490,088
20		 Restricted
funds
£
-
-
34,066
-
34,066
24		 Total
£
740,308
120,000
599,392
227,627
1,687,327

21 Operating lease commitments

Less than one year
One to five years
Over five years
The charity's total future minimum lease payments under non-cancellable operating leases is as follows for each of the		 2025
2024
£
£
701,197
552,502
634,063
433,738
91,494
123,786
1,426,754
1,110,026
following periods:
Property

22 Non-Adjusting Post Balance Sheet Event

There are no events subsequent to the year end that require disclosure.

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

Net income/(expenditure) for the year
Adjustments for:
Depreciation charge
Loss/(profit) on sale of fixed assets
Dividends, interest and rents from investments
Decrease/(increase) in debtors
Increase/(decrease) in creditors
Net cash provided by/(used in)		 2025
£
621,347
38,836
-
(30,748)
23,034
277,503
929,972		 2024
£
143,220
35,519
(1,000)
(14,124)
(22,217)
103,421
244,819

Net cash provided by/(used in) activities

36