CHARITY REGISTRATION NUMBER 1088512 CONIPANY REGISTRATION NUMBER 4276263 ENABLE (SHEFFIELD) FI,ANCIAL STATEMEIITS FOR THE YE.4R ENDED 31 MARCH 2024 Hackeryoung Chartered Accounianis
ENABLE {SHEFFIELD) LECALAND ADNIINISTRATIVE INFORMATION Trustees A Crnwshaw A Finchett N Mansell A Williams C Williams J F. Dare A Stocks C Silvestei (Appointed 21 August 2023) General Manager M J Richmond Centre Manager D Proud Charity number 1088512 Company number 4276263 Re21Stered office 33 Harborough Ai-enue Sheffield South Yoi-kshire S2 IQP Auditors M Mealing FCCA UHY Hacker Young 6 Broadfield Court Broadficld Way SheffEcld S8 OXF Bankers HSBC Bank PLC 37 High Street Meadowhall Shopping Centre ShetTield South Yorkshire S9 IEN Solicitors Graysons ivith Watson Esam Solicitors 4 - 12 Paradise Square Sheffield SI ITB
ENABLE (SHEFFIELD) CONTENTS Page Trustees, report Statement of trustees, responsibilities Independent auditorfs report Statement of financial actii-ities 10- 11 Balance sheet 12 Statement of cash flows 13 Notes to the financial statements 14-26
ENABLE (SHEFFIELD) TRUSTEES, REPORT (IJCLUDING DIRECTORS, REPORT) FOR THE YEAR E.NDED 31 MARCH 2024 The trLiStees present their annual report and financial statetnents for tbe year ended 31 March 20?4. The financial statements have been prepared in accordanLe wilh the accounting policies bet out in nole I to the financial statements and comply with the charity's Memorandum and Articles of Association, the Companies ALt 2006 and "Accounting and Reporting by Charitics.. Statement of Recommended Practice applicable to charities preparino their accounts in accordance 1th the Financial Reporting Standard applicable in the UK and Republic of Ireland (F-KS 102) (effLctive l January 2019)" Objectives and activities To advance the education of those persons aged 16 and up.ardS who are resident in the City of Sheffield <ind dislriLIs (ind Nvho have physical andlor learning disabilities, by the provision of sheliered workshops. To proi'idL for such persons. in tlie interests of social wLlfare, facilities for recreation or other leisure time occupation with the object of improving their conditions of life. The trustees have referred to the guidance coniained in the Charity Commission's general guidance on public benefit when reviewing the charity's aitns and objectii.es and in planning future activites. All the above activities are undertaken to further the charity's charitable PLuposes foi- the public benefit. Thl trLlStees and senior mana(yement recognise the key role thal slalT and i-olunteers play in the opffation or the charity.. A structure/system is in place to ensure a two way flom, of information and ideas. Achievements and performance During the year to 31 March 2024 the cbariiy saw a return to a full schedule of daily aet1.1(1eS and Leainer numbers are back to pre-pandemic levels. Learner turnover levels remain low and where l.earners COntctS are ended th¢re remains an increase in enqiiiries from potential new Leamers from a younger age group as they move from educational support into adult services support. As a result, ov¢rall perfomiance improved on the year, and this trend is ¢xpected to continue throughout 20?4-?5 as Learners numbers and activities are more consistent than recent years and the dedicated Life Skills House opening in August 2023 and afiTords increasd capacity and learning options. The charity continues to be financially robust. and this allows us to continue to build upon and develop our existing Learners activities to further enhance our Leamers educaiion21 options and to meet the Ch&'ity's objectiN'es. Current activities include- Explore and introduce new training opportunities ReLruil new leamcrs Our achievements are monitored through annual Learner rei-iews together with annual staff appraisals and regulai" statT and management meetings. In line with our policies and procedures all current employed staff are periodically assessed and checked by the Disclosure Barring SeiTh"ice (DBS). Any new staff would be assessed and checked by the DBS and any job offers are contingent upon a suitable DBS check being obtained. We remain on Sheffield City Council's list of Recognised Provide. This is a list of orRanisations throiighout the city that have been assessed and meet the council's quality standards for delivering day services to adults.
ENABLE (SHErriELD) TRUSTEES, REPORT (CONTINUED){INCLUDING DIRECTORS, REPORT) FOR THE YEAR E.NDED 31 IlARCH 2024 Fin2nci21 review The trustees are satisfied with the results of the year which demonstrate that operatioiial perfomance has now recovered froTn the etTects ot.the Pand¢mic years. Total funds from day-to-day operating income during the year amounted to £599.114 (2023 - £485.322). Restricted funds were fully satisFi¢d at the end of the year £nil {2023 £16.500) Unrestricted surpluses in previous years have allowed us to build up a contingency reserve and during the year we have continued to build up a designated restricted fund to coler any fuiure repairs and maintenance of premises and operational assets as well as an operational contingency reserve. It is the policy of the charity that designated unrestricted funds are maintained at a lei'el which ensures that. in thL event of a signiticant interrupiion to charity business operations or a material drop in funding, we will be able to continue the charity's current activities ivhile consideration is giN'en to ways in w'hich additional funds may be raised. The level of designated unrestricted funds is set to accoEnmodat¢ to six monihs operational expenditure. Ai the yeai. end the charity's designated unrestricted funds were £265.139 (2023 - £251,927). The charity dnes nnt have. any property or investments other than ownership of the buildings noted in fixed assetb register. Plans for the future Wc rLtnain un the lis1 of Recognised Providers for Sheffield Ciry Council and therefore feel that we are best placed to attract new leamers and therefore increase our income. The Recognised Providers List details organisations throughout the City that have been assessed and meet the Council's quality standarcls for delivering day services to adults. We have now been on the list since 2013 and have been re-assessed successfully on every occasion. The refurbishment of 2?5 Prince of Waleb Road was completed during the financial year and following a SUCC¢ssful application for Change of Use of the property in May ?02). we otyicially opened a dedicated Life Skills House for Adultb with Learning disabilities in August 7023. The Life Skills House cuii-enily supports existing Leamers although it is anticipated that. once est<iblished. this could be exteLided to provide fonnal trainin(y course to promote Life SkiLls to a wider demo(Traphic. Following the popularity of garden and craft items among the local community, the on-site garden shop continues to attract interest and plans for the fulure are to extend this to in¢oLTJorate online offering throu(yh a neNv website tmd social mcdia platfomi. which will furthcr promotc and raisc awaieiic55 111 tlic widci community. Structure, goTr'ernance and management The charity is a companv limited by guarantee and no shares ar¢ in issue. The charity's objects arc to adi'ance the education of persons aged 16 and upwards who are residcnl in the City of Sheffield and districts and ivho have phjsical andlor leaming difficulties. by the provision of sheltered ivorksho. Also to provide for such persons in the interests of social welfare facilities for recreation or oibei. leisuie time occupation with the object of improving their conditions of life. The trustees. Ivho are also the direclors for the purpose of company law. and who serv'ed during the year and up to the date of signature of the finanLial statements were: A Cra'shaW A Finchett
ENABLE (SHEFFIELD) TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR E.NDED 31 IIIARCH 2024 N Mansell A Williams C Willialns JEDare A Stocks C Silvester {App()inted 21 Aiigiist 2n2a) The Chaimian, Business Manager and senior manauement provide induciion and training for neiv trustfxs, this relates to legal and nCtIOnal responsibilities as well as how the charity operates within its objectives. The board of management of the trnstees is elected every year at the Annual General Meeting. Applications to be a trustee are received at any lime but are considered for acceptance al the meeting of the board. The board actively encourages carers. parents and members of the community. to become trustees. The board meets at regular qiiarterly intervals and at any other times as required. The General Manager reports to this meetin(y and minuteb from the slaff and learners. meetings are circulated at this meeting. The board have a General Manager wbo manaoes the charity on a da}" to day basis, and who ieports directly to the board. Circumstances permitting, a learners committee meets monthly, minutes from these meetings go to the bi-monthly meeting of the stakT. The charity has implemented numerous personnel policies which in many cases are required and approved by fundcr5 a5 part of our provisioii of tiaini112 foi" p¥vpl¥ wilh (lisdbililies. Following the lifting of restrictions assoLiated with the pandemic, regular staff and management training workshops hai'e recommenced. The tru%tee.q 2re fijlly aWAre of their responsibility in relationship to the Health and Safety of employees. learners and visitorslmembers of the public and processes and systems are rLgularly reviewed to ensure they rcmain safe and effectiie. The Ii'iLStees and management have produced a risk asse¥sment policy and procedures have been wiitten t.or all processes to remove or reduce any risk. All procedures and policies have been written to comply with or better the current legislation in t"orce. WheiL' appropriate extcrnal partners are invited in to advise on specific areas. Each department has its oivn safety'risk assessmeiit and F.nable (Shefyield) has identified specific people as fire and safety officers. Hygiene and food safety is also covered under the policies and procedures in force. Financial procedures are in place for reoular reporting io Lhe trustees and they consider the viabiliiy and risk on any neiv project to ensure sustainability. The trustees ellsuie that there are enough resen'es in place to allow SLitslainability bui nol to be exccssive. Disclosure of information to auditor Each of the trustees has confirmed that there is no infomiation of which they are aware which is LElei'ant to the audit. but of which the auditor 15 unaware. They have furthei confknned that they have taken appi'opriale steps to identify su¢h relevant inforniation and to establish Ihat the audilor is awai'e of suLh infomiation.
ENABLE (SHEFFIELD) TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR E.NDED 31 IIIARCH 2024 The trustees, report ivas approved by the Board of Trustees. A CraiTrshai Trustee Dated.. I l November 2024
ENABLE (SHEFFIELD) STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 IWL4RCH 2024 The trustees. who are also the directors of Enable (SbeEfield) for the Purpose of company law, are responsible for preparing the TrLtCes, Report and the financial statements in accordance ivilb applicable law and United Kingdom Accounting Standards (United Kinudom Generally Accepted Accounling Practice). Company Laiv requires the trustees lo prepare financial stalements for each financial year which give a true and fair view of the st1< te of atTairs of the charity and of the incoming resources and applicatioii of resources, inLILidiIig tlie iiiLuIiic diid ¢Ap¢ndiluiL, Ut" the Lh¢iritdble company for Ihai year. In preparing these financial stalements, the trust¢¢s are reqiiired to- select suitable accounting policies and thell apply them consistently" observe the methods and principles in the Charities SORP; - make judgemcnts and estimates that are reasonable and prudent: and prepare the financial statements on the ooino concern basis unless it is inappropriate to presume that the charity will continue in opcration. Th¢ trustees are responsible tor keeping adequate accounting records thai discln.qe ivith reaqnn2hle 2CCIITACy Xt any time the financial position of the charity and enable them to ensure that the financial statements comply with the Cotnpanies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for takino reasonable sleps for ihe prei'ention and detection of fraud and other legUlarl11es.
Hackeryoung Chartered Accouritants 6 Broadfield Court Broadfield Way Shetyield S8 OXF INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ENABLE (SHEFFIELD) Opinion Wc havc audited the accounts of Enable {sheield) (the 'charity') for the year ended 31 March 2024 which comprise the Statement of Financial Activities. the Balance Sheet and the notes to the accounts. including a summary of signiFicant accounting policies. The financial reporting framewoik that has been applied in their preparation is applicable law and United Kingdom Accountin Standards. including Financial Reporting Standard 102 The Finapicial Repop'ting Staiidai"d applicable in tlie UK aiid Republic of lielaiid (United Kingdom Generally Accepted Accouniing Practice). En our opinion, the financial statements.. oive a true and fair N le. of the state of the charitable company's affairs as al 31 March 2024 and of its inLoming r¢sources and application of resources. including its income and expenditure, for the year ihen ended: have been properly prepared in accordance with United Kintrdom Generally Accepled Accounting Practice. and ave been preparcd in accordance '1th the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicablc law. Olir rcsponsibilitkes under tho5¢ Standards arc further described iii thc Audi¢or s ie,SP0113iliililies for the aiidit of thefiiianLial stalemeiils section of our report. Ive are independent of the charitj. in accordance with the ethical rL'quirements that are relevant to our audit of the financial statetnents in the UK. including the FRC s Ethical Standard, and we haN'e fulfilled our oih¢r eihical responsibilities in accoi-dance with these requirements. We believe that the audit evidence ive have obtained is sufficient and appropTiate to provide a basis tor OLir opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded thai the trustees, use of the going concem basis ol accounting in the preparation of the financial statements is appropriate. B&sed nn the ivnrk ive h21 ve perfnm)ed, Ive have not identified any material uncertainties relating to ev'ents or conditions that, individually or Lollectively, may cast signifiLant doubt on the chariry s ability- to continue as a going concern for a period of ai least i.elVe monlhs from when the financial stalements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevunt sections of this report.
Hackeryoung (hartered Accountants INDEPENDE)T AUDITOR'S REPORT TO THE MEMBERS OF ENABLE (SHEFFIELD) CONTINUED Other information The other infoiThation Lomprises the information included in the anniial report other than the financial statemei)ts and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other infornialion and, except to the extent otherwise explicitly stated in our report. we do not express any forn] of assurance conclusion thereon. Our responsibility IS fo read the other infonnation and. in doing so, consider whether the other information is malerially inconsislent wilh Ihe financial statements or our kno,ledge obtained in the cour.qe of the audit, or nthenvisL appe2irq tn he mxterially misstated. If ive identify siiLh mc2teric21 inconsistencies or apparent material misstatements. Ive are required lo detern]ine whether this gii'es rise to a material misstatement in the finanLial statements themselves. If. based on the work we have perfom]ed. we conclude that there is a material misstatement of this other infonnation, we are required to report that fact. We have nothing to report kn this regard. Opinions on other matters prescribed bv the Comp21nies Act 2006 In our opinion. based on the w'ork undertaken in the course ofour audii: the information given in the trustees, report for the financial yeai for which the financial statements are prepat¢d, whicli includ¢s tb¢ dircctois, report prepared foi. tlie puipvscb of iolllP<lliy lilw. IS knUllbisl¥iil with the financial statements. and the directors, report included within the trustees, report has been prepared in accordance Th'ith applicable legal requirements. Matters on which we are required to report bv exception In the light of the knoivledire and undersiandino of the charity and its environmenl obtained in the coiirse of the audit. we have not identitied material misstatements In the directors. report included within the tru£tees' report. Ve have nothing to report in respect of the following matters in relation to which the Companies Act 2006 r¢quir¢s us to report to you if. in our opinion- adeqiiate 2ccoiinting records have not been kept. or returns adequate for our audit have not been re1Ved from branches not visited by us. or the financial statements are not in agreement witb the accounting records and i-eturns. or Lertain disclosurcs of trusiees, remuneratioll specified by law arc not made. or we hai'e not received all the infomiation and explanations w'e require for our audit. or the trustees were not entitled to prepare the financial stalements in accordance with the small companies regime and take advantage of the small companies, exemptions in preparing the trustees, report and from the requirement to prepare a strategic report.
Hackeryoung Chartered Accountants INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ENABLE (SHEFFIELD) CONTINUED Responsibilities of trustees As explained mol-e fully in the statement of trustees, responsibilities, the trustees, who are also the dii-ectors of the charity for the purpose of company law, are responsible for the preparalion of the fiiiancial statements and t.or being satisfied that they give a true and fair i'le, and for such intcrnal control as the trustees dctcrniine 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, thc trustees are responsible for assessing thL chariiy's abiliry io coniinue as a eoing concern, disclosing. as applicable, matters relaled to goiiig coiicem and using the going eonccrn basis of acLountin(F Unless the trustees either intend tn liqiiidxte tlie chAritAble company or to cease operations, or have no real istic alternatii-e but to do so. Auditor'5 responsibilities for the audit of the financial statements Our objectives are t() ()btatn rea%nn2hle 2.sqiJr2nce ahoiil whether the financial statemenls as a whole are free froin material tnisstatement, whether due to fraud or etror, <ind io issue an auditovs report that includes our opinion. Keasonable assurance Is a high leN-el ot- assurance but is noi a guaraiiiee thal an audit conducied in acLordanLe with ISAS (UK) will always detect a material misstatement when it exists. Misstatements C¢in arise from fraud or error and are considered malerial if. individually or in the aggregate, they could reasonably be expected to influence the economic deLisions of users taken on the basis of these financial statements. I¢(lilIar11lCs, including t"raud. are instances of non-compliance with laws and regulatinns. We design procedures in Itne with our responsibilities. outlined above. to detect material misstatements in respect of irreiriilarities, including fraud. The extent to ivhich our procedures are capable of detecting irregularities. including fraud, is detailed beloiv.
Hacker Young Charleied Accountants INDEPENDEJT AUDITOR'S REPORT TO THE MEMBERS OF ENABLE (SHEFFIELD) CONTINUED Based on our understandtng of the charity and the sector in which it operates. we identified the principal risks of non-compliance with laws lind regulatioiis relatcd to the acts by the charity, 'hICh were contrary to applicable laws and regulations including fraud, and ive considered Ihe extent to which non-coinpliance Iiiighi hai-e a material effect on the fanCIal statements. We also considered those laws and regulatioiis that hai-e a direct impact on the preparation of the financial statements such as the Companies Act ?006. We eN'alualed management's iiicentives and opportunittl's for fraudulent manipulation of the financial statements (including Ili¢ L"i¥k vf vf Luiilrvls), dnd d¥L¢Fmin¢d thai (he principal risks were relaied to inflated revenue and the Lharitj's net incolne for the year. Audil procedures perfonned included.. review of the financial statement disclosures to underlying supportiiig documentation, review ot" correspondence with and reports to the regulators, including correspondence with the Charity Commission. rei'iew of correspondence ivith leual advisors, enquiries of management in so far as they relat¢d to the tinancial statLments, and in testing ot- journals and evaluating whether there was evidcnce of bias by the trustees that represented a risk of material miss121ement due to fraud. There are inherent limitations in the audit procedures described above and the furiber removed non- ompliance with laTh's and regulations is frotn the events and transactions reflecred in the financial slatetnents, the lebs likely we would become aware of it. Also. thc risk of not deteclin2 a material misstatement due lo fraud is higher than the risk of not detecting one resulting from etror, as fraud may involve deliberate conccalmcnt by, for cxampl¢, forgery or intcntional miirq)rcscntations. or througli collusioii. A t"uitheT description ot oiir responsibilities is available on the Financial Reporting Council's website at.. https'.l/wwiv.frc.org.uk/auditorsresponsibilities. This description fomis 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 "1th Chapter 3 of Part 16 OF the Companies Act 2006. Our audit "ork has b¢¢n undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor's report and for no other putpose. To the fullest exlent pern]itted by law, we do not accept or assume responsibility to anyone oth¢r than thc charitablc company and ihe charitable company's members as a body, ft)r our audit work, foi this report, or for the opinions we have fonned. Michael Mealing (Senior Statutory Auditor) for and on behalf of UHI. Hacker Young I l November 2024 ChArtered_&ccountants Statutorv Auditor
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ENABLE (SHEFFIELD) BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Notes Fixed assets Tangible assets Current assets Stoek-s Debtors Cabh at bank and in hand 13 912.114 856.690 14 16 1,510 69,503 295,536 2.026 66.307 308,370 366,.549 376.7nl Creditors: amounts falling due iTrilhin one year Taxation and social security- Other Lreditors 6,224 9,667 4.965 12.288 17 15,891 17.253 Net current assets 3)0.65 359,45U Total assets less current liabilities 1 ?62.772 1,216,140 Income funds Restricted funds 18 16.500 Designated funds Gcncral unrestricted funds 19 265,139 997.633 ?51,927 947.713 1.262.772 1,199,640 1,262.772 1.216.140 The financial statements were approved by the Trustees on I l November 2024 A Crawshaiv Trustee Company Registr9tion No. 4276263
ENABLE (SHEFFIELD) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARC.H 2024 2024 2023 -Notes Cash floii-s from operating actil'ities Cash gLnerated from operations 22 77,7?7 32.298 Investing activities Purchase of tangible fixed assets Proceeds on disposal of tangible fixed assets 195.759) (55.735) I,n6R 4.130 2,412 1.036 InN'estment income received Net cash used in ini'esting actii'ities (90,561} (52,2871 Net cash used in financing activities Net decrease in cash and cash equiTr'alents (12,834) (19,989) Cash and cash equivalents at beginnino ofyear 308.370 328.359 Cash and cash equivalents at end of year 29i,536 308,370 13
ENABLE (SHEFFIELD) NOTES TO THE FINANCIAL STATEMENTS FnR THF. YEAR E.NDED 11 IIIARCH 2024 Accounting polictes Compan), information Eiiable (Sheffield) is a private company limited by guarantee incoryTrorated in England and Wales. The registered otTice is 33 Harborough Avenue, Sheffield, South YorksE]ire. S2 1 QP. 1.1 Accounting coni'ention The financidl statemeiits have been prepared in accordance ivith the charity's Memorandum and Articles of Association, the Companies Act ?006 and "AccounÈin(F and ReportÉng by Charitieb.. Statement of Recotnmended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 10?) (clfeciive l January 2019)" The charity is a Public Benefit Eiitlty as defined by FRS I O? The financial statements are prepared in sterling. Ivhich is the functional cUencY of the charity. Mon¢tarJ' amounts in these financial statements are rounded to the nearest £. The accounts have been prepared on the historical cost coni-ention. The prllicipal accounting policies adopted arc set oul beloNv. .2 Going concern At the time of approi-ing the financial stalements, the trustees have a reasonable expectation that the charity has adequate resoiirces to continue in operational existence for the foreseeable Fuiure. Thus the tni.%te.p.s c.nntiniie. to adopt ihe ooino concern bagis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in fierance of their charitable objectives. Designated funds comprise funds ii'hich have been sel aside ai Ihe discretion of the trusl¢es for specific piiryoses. The purposes and uses of the designated funds are set out in the notes to the finanLial statements. Restricted funds are subject to SPLcific conditions by donors as to hoiv they may be used. The purposes and uses of the restricted funds are sel oul in the notes to the accounts. 1.4 Incotning resources Income is recoonised when the charity is legally entitled to it after any perfonnance condilions have been met. the amounts can be measured reliably. and it is probable that income will be received. Legacies are recognised on irceipt or otherwise it- the chariiy has been notified of an impending distribution, the amount is known. and receipt is expected. If the amount is not known. the le(yac)- is treated as a contingent asset. Graiits, iiicludiiig graiiis lor tlie PUlLlidS¥ vr rix¢d dss¢ls, dl¥ I¥Lvgnis¢d in full in the Si<iletnenl vl Financial Activities in the )-ear in which they are reLeivable. .4112rants are allocated benveen the income categories of the Statement of Financial Activities on a basis designed Lo reflect the use OF the incoine. Incoming resources from charitable trading actii'ities are accoullted for when earned. 14
ENABLE (siIErrici LD) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR E.NDED 31 MARCH 2024 Accounting policies (Continued) 1.5 Resources expended Resources expended are co{lnised in Ihe year in which they are incurred and include irrecoverable VAT. Costs of generating funds comprises ihe costs associated w'ith trading for fundraising purposes. including the charity's cafeteria and garden shop. Charitable activities comprises Ihose costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that cali be allocated directly to such aclivities and their costs of an indirect nature necessary to support them. Governance costs include Ihose costs associaled with meeting the constitutional and slatulory requÉrements of the charity and include the audit fees and costs linked to the strategic Tnanagetnent of the charily. 1.6 Tallgible red a55et5 Tanuible ti.Ked assets other than freehold land are stated at cost less depreciaiion. Depi-eLiation is provided at rates calculated to ivrite ofT the cost less estimated residual value of each asset over its expected iis¢tul lite, as folloivs- Land and buildings Pldnt and tnachinery Fixtures. fittings and equipment ?O/o Straight line on buildings I 00/0 and 250/0 Straioht line IO% and 25 /0 Straight line Land at 33 Harborough Ai-enue is not depreLiated. The gain or loss arising on the disposal of an asset is deterniined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. 1.7 Impairment of fixed assets Al each reporting end date. the charity revTews the can)'ing amounts of its tan(yible and intangible assets to dcteiinine ivhether ihere is any indication that those assets bavc sutTered an impairtnent loss. It" any such indication exists. the recoverable amount ot-the asset is estimated in order to detennine the extent of the impaiTment loss if any. 1.8 Stocks Stocks are staled at the lower of cost and cslimated sellino ¥ price less costs to complete and sell. Cost Lomprises direct tnaterials and, where applicable, direct labour costs and those oi'erheads that have been incurred in bringing the stocks to theii- present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost. Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incU¢d in rnarketing. selling and distribution. 15
ENABLE (SHEFFIELD) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDF.D 31 fv1.ARC.H 2024 Accounting policies (Continued) 1.9 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposils held al call with banks. other short-term liquid investments with original maturitics of three months or less, and bank overdrafts. BanL- overdrafts are shoTh'n within bOrro.1ngS in curreni liabilities. 1.10 Financial instruments The charity has elected to apply the provisions of Section E I 'Basic Financial Instruments. and Section 12 '0ther Financial Inslrumeiiis Issues. of FRS 102 to all of its financial inStments. Financial instruments are recognised in the charity's balance sheel when the charity becoiiies party to ihe contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statemeiits, when there is a Icgally enforceable right to set off the recoiynised amounts and there is an intcntion to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial a55ets Basic financial assets. 'hICh include debtors and cash and bank balances. are initially measured al transaction price including transaction Losts and are subsequeiitlj caled at atnortiscd cost iisuig the etTective interest method unless Ihe arrangeiiienl conslitutes a financing transaction. where the transaction is measured at the present value of Ihe futhre receipts discounted at a mark-et rate of interest. Financial a5S¢t5 ¢las5ificd as i¢cciN"ablc witliiii oiic ycai" arc Iiot aIiioL"liscd. Impaimient of financial assets Financial assets, other than those held at fail value through income and expenditure, are assessLd for indir.21nr< of Impxirmenf at each reporting dale. Financial assets <ire impaired where there is objective evidence that, as a result of one or more eitents that occurred after the initial recognition of the financial asset, Ihe estimated future cash flows have been alTected. Ir an asset is impaired. the impairn]eni loss is ihc differcnce betiveen the carryin(F arnount and the present value of the Lslimated cash flO'S discounted at the asset'5 original effective interest rate. The impairment10sS is recoivnised in net incom&(expcnditurc) for ihe year. If thei'e ib a decrease in the impainnent loss alising from an event occurring after the impaiiTrent was recognised. the impaimient is reversed. The reversal is such that the cuent earying amount does not exceed what the carying amount would hai e been, had the impainnent not previously been rccognised. The impaimient reversal is recognised in net income/(expenditUTe) for the vear. Derecognition of financial assets Financial assets are derecoonised only when the contraciual rights to the cash flows from the asset expire or are settled. or ivhen the charity transfers the financial asset and substantially all the risks and rewards of ownership to anoiher entity, or if some significant risks and rewards of ownersbip retained but control of the asset has transferred to another party that is able to sell the asset in its entirety IL) ail Luu¥liilLd iliiL"d PdL"Iy. 16
ENABLE (SHEFFIELD) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDFD 31 [ARc.H 2024 Accounting policies (Continued) BasiG financlal Ilabilities Basic financial liabilities. including creditors and bank loans are initially recognised at transaction price unlcss the arrangement constitiites a tinancing transaction, where the debt inslrumenl is measui'ed at the present value of the future payments discounted at a market rate of interest. Financial liabilities Llabsltied as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost: using the effective interest rate method. Trade Creditors are obligatlolls to pay for goods or services that hav'e been acquired in the ordinary course of operations from suppliers. Ainounls payable are classified as current liabilitics if payment is due within oiie year or less. If not. they are presented as non-cutrent liabilities. Trade creditors are recognised inilially at transaclion price and subsequently measured al amortised cost using the efTective interest method. Derecognitlon of financial liabilities Financial liabilities are derecogliised when the charity's contractual obligations expire or are discharged or cancclled. 1.11 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's seNiLes ar¢ rec¢ifv-ed. Termination bencfits al'e recognised itnmedialely as an e.xpense iwhen the charity is demonsti-ably committed to ternlinate the employment of an emploj'ee or to provide terniination benefits. Critical accounting estimates and judgements In the application of the charit). s accounting policies. the trustees are required to make judgements. estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent t.rom other sources. The estimates and associated assumpiions are based on historical experience and other factors that are considered to be relevant. Actual results may differ frorn these estimates. The estimates and underlying assumptions are revieived on an on(voing basis. Revisions to acLounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where rhe revision affects both CUellt and future periods. 17
ENABLE (SHEFFIELD) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FnR THF. YF,AR F.NDF.D.11 IARc.H 2024 Charitable activities Contract5 and Contract5 anil spot purchases spot purchases 2024 2023 Sales Htithin charitable activities Perfonnance relatcd grants 29,897 i69,217 25,466 459,856 599,114 485,322 Performance related grants Training and day care - spot purchases 569.217 459.856 569,217 459,856 Donations and legacies Lnrestricted Lnre5tricted runds rThd$ general genersl 2024 2023 Donaiions and gifts 6,885 13,763 Investments Lnre5tricted Lnre5tricted fund5 fullds gener41 gener&1 2024 2023 Interest receivable 4.130 1.036
INABLC (siIErriEI LD) NOTES TO THE FINANCIAL STATEIWIENTS (CONTINUED) FOR THE YEAR E.NDED 31 KARCH 2024 Other income 2024 2023 Nel gain on disposal of tangible fixed assets 1,068 Raising funds 2024 2023 oods sold an Other trading activities tra in 46,049 28.619 46,049 28,619 19
ENABLE (SHEFFIELD) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR E.NDED 31 TrL4RCH 2024 Charitable activities 2024 2023 Staff costq Depreciation and impairment Repairs and maintenance Insurance Heat and light Motor expensets Printing. postage and stationery Telephonc Rates Bank Lharges Cleaning Legal and professional lees Cveneral expenge 170,197 40.3i5 24,14? 9.991 12.185 1,510 8.206 3.600 630 224 20.594 4.298 14.161 114.0f1 29.180 20,700 9,445 8.486 437 7,566 2,373 2.687 217 17.134 8.277 16.064 (997) 1.723 Bad and doubtful debts Water rates 2.232 512.516 437.343 Share of goi'ernance costs (see note 9) 6,000 3.960 518,516 441,303 Support costs Support Governance costs costs 2024 2023 Audit fees Accountancy 3,000 3.000 3,000 3.000 1,980 1.980 6,000 6,000 3,960 Itnalysed between Charitable activities 6.000 6,000 3.960 Governance costs includes payment to the auditor of£).000 for audit fees (2023 £1,980).
ENABLE (SHEFFIELD) NOTES TO THE FINANCI.4L sTATEIENTs (CONTINUED) FOR THE YEAR E.NDED 31 IWIARCH 2024 10 Trustees None of the other trustees (or any persons connected with them) received any remuneration during the previous oi current year. Expenses reimbursed to 2 trustees amounted 10 £23612023 - £nil). 11 Employees Number of emplovees ThL average monthly number of employees during the year was: 2024 Number 2023 Number Training and care Administration Tnistees 15 13 26 22 Employment costs 2024 2023 Wages and salaries Social security costs Other pension cosis 344,025 20.009 6,363 291.931 16.490 j,b30 370,397 314.051 There were no employees whose annual remuneration was £60,000 or more. 12 Taxation The charity is exempt from tax on income and gains t211ingT 1th1n section 505 ot the Taxes Act 1988 or section 2f2 of the Taxationof Chargeable Gains Aci 1992 to the extent that these are applied io its charitable objeLts.
NABLC (SIIEFFIELD) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 IWIARC.H 21)24 13 Tangible fi¥ed assets Land and buildings PIAnt and maclhilltry Fixlures, fittings and equipinent Total Cost At l April 20?3 Additions Disposals 1,08?.003 7l,i99 39.iso 17,079 (2,40)) 118.738 7,281 1,240.291 95.759 (2,405) At 31 March 2024 I,li3,402 i4.?24 l26,019 1.3J3.645 Depreciation and impairment At l April 2023 Depreciation charged in the year F.liminated in respect of disposals 2)7,227 21,768 33,118 6.118 {2,405) 93,256 12.449 383,601 40.335 (2.405) At 31 March 2024 278.995 36,831 105,705 421,531 Carrying amount At 31 March 2024 874,407 17,393 20,314 912,114 At 31 March 20?3 824.776 6.432 25.482 856,690 14 Stocks 2024 2023 Raw materials and consumables .510 2,026 IS Financial instruments 2024 2023 CarrTr-ing amount of financial assets Debt insttumeThts measured at amortised cost 62.306 57.583 Carrving amount of financial liabilities Measiired at amortised Lost 9.667 12.288 -22-
ENABLE (SHEFFIELD) NOTES TO THE FINANCI.4L STATEMENTS (CONTINUED) FOR THE YEAR E.NDED 31 IWI.4RCH 2024 16 Debtors 2024 2023 Amounts falling due within one year: Trade debtors Other debtors Prepayments and accrued income 57.010 54,409 3.174 8.724 7.197 69,503 66,307 17 Other creditors falling due Ivithin one year 2024 2023 Trade creditors Other Creditors ACCalS and deferred income 2,878 6,364 20 5,904 6.789 9,667 12.288 18 Kestricted funds The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes: Balance #t Tr*ll$ftr5 Balance gt l April ?023 Tr#nsfers B21k)IlLÈ thl 31 Nlareh 2024 l April 2022 225 Prince of Wales Road Big Lottery Fund- Reception 33,850 i 0,000 {17,3iO} (10.000) 16,iOO (16,500) 43.850 (27,3501 16,iOO (16,500) The 225 Prince of Wales Road fund is towards the renovation and improvement of 225 Prince of Wales Road. This renovation was completed during the year. with the cenlre opening in Augusi 2023.
ENABLE (SHEFFIELD) NOTES TO THE FINANCIAL STATEMEIYTS (CONTINUED) FOR THE YEAR ENDED 31 TrIARCH 2024 19 Designated funds The income funds of the charity include the following designated funds which have been set aside out of unr¢stricted funds by the trustees for specific purposes- Balance At 1 .4pril 21122 Tr*nsfers Balante gt l April 2023 Transfers Balance at 31 Ilarrh ?0?4 Category l.. Property and exiernal area maintenance Category 2.. Maintenance and replacement of asst'ts and equipment c.ategory 3.. Busines5 continuation emergenLy t.und ?).000 17.350 42.350 {17.350) 25,000 2).000 25.000 25,000 169,190 li,387 184,i77 30,562 215,139 219.190 32,737 ?il.927 13.212 265.139 The Trustees elected to quantify the assessment of 'designated' unrestricted ndS which are set aside Irom general unrestricted funds for the following speLific purposes to meet and safeguard the Charity's objectives.. Category l- The maintenance and upkeep of the intemal and external fabric of the buildings and outside spaces. Calegory 2- For improvements deemed necessary to improve the facilities at the Charity to incliide the proviskon of new or replacement equipment and assets as may b¢ necessary from time to time. Category 3- To allow. the Fund to be used in the case of emergency in the event of damage to the building resiilting in temporary or pennanent relocation to ensure continuation of the deliery ol services in accordance with the Charity's objectives. Assess as 6 months operating expenses after adjustments for property repairs and asset expenses. Transt"ers comprise aTnounts capitalised and adjusted for depreciation less amounts transferred frotn the main bank account. The designated Fund is considered to have sU1Clent resources held in an appropriale form to enable them to be applied ill accordance with the restrictions.
ENABLE (SHEFFIELD) NOTES TO THE FINANCIAL STATEI¥IENTS (CONTINUED) FOR THE YEAR E.NDED 31 IWL4RCH 2024 21 Related party transactions Remuneration of key management personnel Th¢ rcmuneraiion olkey mana(yement personnel is as follows. 2024 2112.1 Aggregate compensalion 85.960 76.445 22 Cash generated from operations 2024 2023 Surplus for the year 46.6i2 30.199 Adjustments t"or'. Investment income recognised in statement of financial activities Gain on disposal of lantrible tixed assets Loss on disposal of tangible fixed assels Depreciation and impairnienl of ianEible fixed assets (4.130) (1.068) 11.036) 1,702 29.180 40.335 Movements in working capital.. Decreasc (increase) in SlOLks (Tncrease) in debtors (Decrease) in creditors 516 (3.196) (1.362) 11.274) (7.147) (19.326) Cash generated from operations 77.727 32.298 23 Analvsis of ch2nges in net funds The charity bad no debt during the year.