CHAIUTY REGISTRATION NUMBER 108851? COMPANY REGISTRATION NUMBER4276263 ENABLE (SHEFFIELD) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 UHY
ENABLE (SHEFFIELD) LEGAL AND ADMINISTRATIVE INFORMATION Trustees A Crawshaw A Finchett N Mansell A Williams C Williams JEDare A Stocks C Silvester General Manager M J Richtnond Centre Manager D Proud Charity number 1088512 Company number 4?76263 Registered office 33 Harborough Avenue Sheffield South Yorkshire S2 IQP Auditors M Mealing FCCA UHY Hacker Young 6 Broadfield Court Broadfield Way ShetTield S8 OXF Bankers HSBC Bank PLC 37 High Street Meadoivhall Shopping Centre Sheffield South Yorkshire S9 IEN Solicitors Graysons with Watson Esam Solicitors 4 - 12 Paradise Square Sheffield SI ITB
ENABLE (SHEFFIELD) CONTENTS Page Trustees, report Stalement of trustees, responsibilities Independent auditor's report Statement of financial activities io- li Balance sheet 12 Statement of cash flows 13 Notes to the financial statements 14-28
ENABLE (SHEFFIELD) TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The trustees present th¢ir annual report and financial statements for the year ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policies set out in note I to the financial statements and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006 and Accounting and Reporting bj. Charities: Statemeni 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 l January 2019)" Objectives and activities To advance the education of those persons aged 16 and upward5 who are resident in the City of Sheffield and districts and who have physical andlor learning disabilities. by the provision of sheltered workshops. To provide for such persons, in the interests of social ivelfare. facilities for recreation or other leisure time occupation with the object of improving their conditions of life. The trustees have referred to the guidanc¢ contained in the Charity Commission's general guidanc¢ on public benefit when revieiving the charity's aims and objectives and in planning future activities. All the above activities are undertaken to further the charity s charitable purposes for the public benefLt. The trustees and senior management recognise the key role that staff and volunteers play in the op¢ration of the charity. A structurelsyst¢m is in place to ensure a two wa> flow of information and ideas. Achievements and performance During the year to 31 March 2025, Enable further consolidated its active Learner numbers and is now confident that the effects of the pandemic have been wholly miiigated. The charity continues to provide a full schedule of daily activities and there remains a consistent level of enquiries from potential new Leamers. increasingly from a younger age group as they move from educational support into adult services support. This has allowed the charity to maintain Learner numbers as older Leamer's leave the service. As a result. overall perfomiance improved on th¢ year. and this trend is expected to continue ihroughout 202i-26 as Leamers numbers and activities are more consistent than previous y¢ars and the dedicated Life Skills House is now fully operational. 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 educational options and to meet the Charity's objectives. Current activities include: Explore and introduce new training opportunitl¢S Recruit ttew leamers Our achievements are monitored through annual Learner reviews togeiher with annual staff appraisals and regular staff and management meetings. In line with our policies and procedures all current employed staff are periodically assessed and checked by the Disclosure Barring Service (DBS). Any new staff would be assessed and checked by th¢ DBS and any job offers are contingent upon a suitable DBS check being obtained. We remain on ShetTield City Council's list of Recognised Providers. This is a list of organisations throughout the city that have been assessed and meet the council's quality stsndards for delivering day services to adults.
ENABLE (SHEFFIELD) TRUSTEES, REPORT {CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Financial review The trustees are satisfied with the results of ihe year ivhich demonstrate that operational perfomiance has now fully recovered from the effects of the Pandemic years. and has a robust foundation to be able to meet existing and planned future objectives. Total funds from day-to-day operating income during the year amounted to £704.969 (?0?4: £599,114). Restricted funds held at the end of the year ivere £19,600 (2024.. £nil) and relate to a Nattonal Lottery Grant for the refurbishment of Disabled Facilities which were ongoing at the year end. Unrestricted surpluses in previous years have alloived us to build up a contingency reserve and during the year w¢ have continued to build up a designated restricted fund to cover any future repairs and maintenance of premises and operational assets as well as an operational contingency reserve. It remains the policy of the charity that designated unrestricted funds are maintained at a level which ensures that, in the evenl of a significant interruption to charity business operations or a material drop in funding, we ivill be able to continue the charity's current activities while consideration is given to ways in which additional funds Tnay be raised. The level of designated unrestricted funds is set to accommodate to six months operational expenditure. At the year end the charity's designated unreslricted funds were £304.395 (2024- £265.139). The charity does not have any property or investments other than ownership of the buildings noted in fixed assets register. Plans for the future We remain on the list of Recognised Providers for Sheffield City Council and therefore feel that we are best placed to attract neiv 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 Standards for delivering day services to adults. We have noiv been on the list since 2013 and have been re-assessed successfully on every occasion. The approved Sheffield Council Day Rate has increased annually in line with inflation and whilst this 15 not accepl¢d as guaranteed this has contributed to the improved financial perfom]ance of the charity. Unfortunately, and despite the popularity of the garden area and the development of Hobby Comer and craft items, the expected increase in demand has yel to materialise and the daily usage of the on-site garden shop has remained static. The plans for an online shop offering are still considered to be a positive addition to the charity services although this is not seen as a priority as the charity concentrates on the development of Primary services and the charity faciliti¢s. Following the success of the Life Skills House. investigations are to be undertaken during the next financial year into the feasibility of potential structural expansion to the main centre to increase actLVlty' spaces and capacity, and additionally to consider the benefits and impact of adding solar panels to both properties. These investigations are expected to take a significant amount of time. and subject to financial. operational. local planning and logistical analyses it is not expected that any decision to move forward with these projects will be forthcoming any time soon and the). are considered to be 3 to 5 year projects should they be feasible and approved.
ENABLE (SHEFFIELD) TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Structure? governance and mallagement The charity is a company limited by guarantee and no shares are in issue. The charity's objectives are to advance the education of persons aged 16 and upivards who are resident in the City of Sheffield and districts and who have physical and/or learning diificulties. bv the provision of sheltered workshops. Also to provide for such persons in the interests of social welfare facilities for recreation or other leisure time occupation with th¢ object of irnproving their conditions of life. The trustees, Ivho are also the directors for the purpose of company law, and who served during Ihe year and up to the date of signature of the financial slatements were.. A Crawshaiv A Finchett N Mansell A Williams C Williams JEDar¢ A Stocks C Silvester The Chaim)an, Business Manager and senior management provide induction and training for new trustees, this relates to legal and functional responsibilities as well as how the charity operates within its objectives. The board of management of the trustees is elected every year at the Annual General Meeting. Applications to be a trustee are received at any time but are considered for acceptance al the meeting of the board. The board actively encourages carers to become trustees. The board meets at regular quarterly intervals and at any other times as required. The General Manager reports to this meeting and minutes from the staff and learners, meetings are circulated at this meettng. The board have a General Manager who manages the charity on a day to day basis. and who reports directly to the board. Circurnstance5 permitting. a leamers committee meets monthly. minutes from these meetings go to the bi-monthly meeting of the staff. The charity has implemented numerous personnel policies which in many cases are required and approved by funders as part of our provision of training for people with disabilities. Health and Safety of employ¢es. learners and visitors/members of the public and processes and systerns are regularly reviewed to ensure they remain safe and effectiv¢. The trustees and management have produc¢d a risk assessment policy and procedures have been written for all processes to remove or reduce any risk. All procedures and polici¢s have been written to comply with or better the current legislation in force. Where appropriate external partne are invited in to advise on specific areas. Each department has its own saf¢tylrisk assessment and Enable (Sheffield) h&5 identified specific people as fire and safety officers. Hygiene and food safety is also covered under the polici¢s and procedures in force. Financial procedures are in place for regular reporting to the Irustees and they consider the viability and risk on any new project to ensur¢ sustainability. The trustees ensure that there are enough reserves in place to allow sustainability bul not to be excessive.
ENABLE (SHEFFIELD) TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Disclosure of information to auditor Each of the trustees has confimied thal there is no infomiation of which they are aware which is r¢levant to the audit, but of ii'hich the auditor is unaware. They have further confirn]ed that they have taken appropriate steps to identify such relevant infornlalion and to establish that the auditor is aware of such information. The trustees, report was approved by the Board of Trustees. A Crawshaw Trustee Dated: 17 November 2025
ENABLE (SHEFFIELD) STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The trustees, who are also the directors of Enable (Sheffield) for the purpose of company law. are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company Law requires the trustees to prepare financial statements for each financial year ivhich give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, tncluding the income and expenditure, of the charitable company for thai year. In preparing these financial statements, the Irustees are required to: select suitable accounting policies and then apply them consistently" observe the methods and principles in the Charities SORP. make judgements and estimates that are reasonable and prudent" and prepare the financial statements on the going concern b&sis unless it is inappropriate to presume that the charity will continue in operation. The trustees are respon5Rble for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position ol the charity and enable them to ensure that the financial stalem¢nt5 comply with the Companies Act ?006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
UHY 6 Broadfield Court Broadfield Way Sheffield S8 OXF INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ENABLE (SHEFFIELD) Opinion We have audited the account5 of Enable (ShetTield) (the 'charity') for the year ended 31 March 202) which comprise the Statement ol Financial Aclivities, the Balance Sheet and the notes to the accounts, including a Summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Staiidard 10? The Finap7cial Reporling Standard applicable in ihe UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements: give a true and fair vieiv of the state of the charitable company's affairs as at 31 March ?025 and of its incoming resources and application of resources, including its income and expenditure, for the year then have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice- and have been prepared in accordan¢¢ with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with Intemational Stsndards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Audilor's responsibilitie5 for the audit of ihefinancial statemenls section of our report. We are independent of the charity. in accordance with th¢ ethical requirements that are relevant to our audit of the financial stalements 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 tFLe 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, Ive have concluded that the trustees, use of the going concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have p¢rformed. we have not identified any material uncertainties relating to events or onditions that, individually or collectively. may cast significant doubt on the charity'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.
UHY INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ENABLE (SHEFFIELD) CONTINUED Other information The other information comprises the information included in the annual report other than the financial statements and our auditovs repon ihereon. The trustees are responsible for the other inforniation contained within th¢ annual report. 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 th¢ other inforniation and, in doing so, consider i¥'hether the other inforTnation is materially inconsistent with the financial statements or our knoivledge obtained in the course of the audit. or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatement5. we are required to determine whether this gives rise to a material misstatement in the financial slatements themselves. If. based on the ivork w¢ have performed. we conclude that there 15 a material misstatetn¢nt of this other infomiation, we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Aet 2006 In our opinion, based on the ivork undertaken in the course of our audit.. the inforn]ation given in the trustees, report for the financial year for which the financial statements are prepared, which includes the directors, report prepared for the purposes of company law, is consistent with the financial slatements- and the directors, report included within the trustees, report has been prepared in accordance with applicable legal requirements. Matters on Ivhich we are required to report by exception In the light of the knoKI'ledge and undersianding of the charity and its environment obtained in the course of the audit. w¢ have not identified material misslatements in the directors. report included within the trustees, 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: adequate accounting records have Thot been kept. or returns adequate for our audit have not been received from branches not visited by us. or the financial statements are not in agreement with the accounting records and returns. or certain disclosures of trustees, remun¢ration specified by law are not made" or we have not received all the infom]ation and explanations we require for our audit- or
INDEPENDENT ALTDITOR'S REPORT TO THE MEMBERS OF ENABLE (SHEFFIELD) CONTINUED Responsibilities of trustees As explained more full). in the statem¢nt of trustees, responsibilities. the trustees. who are also the directors of the charity for the puryose of company laiv. 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 detemiine is necessary to enable the preparation of financial statements that are free from material misstatemenl, whether due to fraud or error. In preparing the financial statements, (he trustees are responsible for assessing the charity's ability to continue as a going concem, disclosing, as applicable. matters related to going concem 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 altemaliv¢ 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, Ivhether due to fraud or error. and to issue an auditovs report that includes our opinion. Reasonable assurance is a high level of assurance bul is not a guarantee that an audit conducted in accordance with ISAS {UK) will always detect a material mi55tatement when it exists. Misstatements can arise from fraud or error and are considered rnaterial if, individually or in the aggregate, they could reasoThabl>' be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities. including fraud. ar¢ 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 rregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.
UHY INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ENABLE (SHEFFIELD) CONTINUED Based on our understanding of the charity and ihe sector in which it operates, we identiffted the principal risks of non-compliance with laivs and regulations related to the acts by the charity, which were Contrary to applicable laws and regulations including fraud. and we considered the extent to Vw'hich non-compliance mighi have a material effect on the financial stalernents. We also considered those laws and regulations that have a direct impact on the preparalion of the financial statements such as the Companies Act 2006. We evaluated management's incentives and opportuniti¢s for fraudulent manipulation of the financial statements (including the risk of override of controls), and deterniined that the principal risks were related to inflated revenue and the charity's net income for the year. Audit procedures performed included= review of the financial statement disclosures to underlying supporting documentation, review of correspondence with and reports to the regulators. including correspondence with the Charity Commission. review of correspondence with legal advisors. enquiries of management in so far as they related to the financial statements. and in testing of journals and evaluating ivhether there was evidence of bias by the trustees that represented a risk of material misstatement due to fraud. There are inherent limitations in the audit procedures described above and the further reTnoved non- ompliance with laws and regulations is from the events and iransactions reflected in the financial statements, the less likely ive ivould become aivare of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting frotn error. as fraud may involve deliberate concealment by, for example. forgery or intentional misr¢presentations. or through collusion. A further description of our responsibilities is available on the Financial Reporting Council's website at.. http5=l/wwiv.Irc.org.uklauditorsresponsibiliti¢s. This description fornis part of our auditor's report. Use ofour report This report is made solely to the charitable company's metnbers. as a body. in accordance ivith Chapter 3 of Part 16 of the Compani¢s Act ?006. Our audit work has been undertaken so that we might state to the charitable company's members those matters ive are required to state to them 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 charilable company and the charitable company's members as a body. for our audit work, for this report. or for the opinions ive have fornied. Michael Mealing (Senior Statutory Auditor) for and on behalf of UHY Hacker Young 17 November 20?5 Chartered Accountants Statutorv Auditor
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ENABLE (SHEFFIELD) BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Notes Fixed assets Tangible assets Current assets Stocks Debtors Cash at bank and in hand 15 821,287 912,114 16 18 540 79.514 360,2?4 1,510 69,503 295,536 440,278 366,549 Creditors: amounts falling due Ivithin one year 19 (16,793) (15,891) Net current assets 423.485 350,658 Total assets less Current liabilities [ ?44.77? 1,26?,772 Income funds Restricted funds Unrestricted funds Designated funds General unrestricted funds 21 19,600 22 304,395 920,777 265.139 997.633 1.22i,172 1,262.772 1,244.772 1,262.772 The financial statements were approved by the Truslees on 17 November 2025 A Crawshaw Trustee Company Registration No. 4276263 12-
ENABLE (SHEFFIELD) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notes Cash flows from operating activities Cash generated Irom operations 25 106,782 77,727 Investing activities Purchase of tangible fixed assets Proceeds on disposal of tangible fixed assets Investment income received (47.406) (95.759) 1,068 4.130 5.312 Net cash used in investing activities (4?.094) (90,561) Net cash used in financing activities Net inerease/(deerease) in casb and cash equivalents 64,688 (12,834) Cash and cash equivalents at beginning of year 295.536 308,370 Cash and cash equivalents at end of year i60.224 295.536 13
ENABLE (SHEFFIELD) NOTES TO THE FINANCIAL STATEMENrs FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Company information Enable {ShefField) is a private company limited by guarantee incorporated in England and Wales. The registered olCe is 33 Harborough Avenue, Sheffield. South Yorkshire. S2 1 QP. 1.1 Accounting convention The financial slalemenls have been prepared in accordance with the charity's Memorandum and Articles of Association. the Companies Act 2006 and "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 l January ?019)" The charity is a Public Benefit Entity as delined by FRS 102. Th¢ financial statements are prepared in sterling. which is the functional currency of the charity. Monetary amount5 Iri these financial statements are rounded to the nearest £. The accounts have been prepared on the historical cost convention. The principal accounting policies adopt¢d are set out below. 1.2 Going concern The Trustees consider that it is appropriate to prepare the financial statements on a going concern basis. The going concem assumption is based upon the continuing improvement in year-on-year performance, the consistent level of L¢amers making use of the Charity's facilities and the success of the neivly opened Life Skills House. This assumption is further supported by the going concem budgets, prepared with consideration to previous year actual results and current known income and expenditure budget5 moving forward. The 2026 financial year is forecast to end wkth a surplus and in addition the Trustees continue to Investigate opportunities to improve the long-tem sustainability of the Charity, including options on enhancing Leamer services and facilities and the continuing development of financial and administrative operations. As a result the Trustees consider the going concern ba5iS to be appropriate. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Designat¢d funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements. Restricted funds are subject to specific conditions bv donors as to how they may be used. The purposes and uses of the restricted funds are sel out in the Thotes to the accounts. 1.4 Incoming resourees 14-
ENABLE (SHEFFIELD) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Continued) Income is recognised when the charity is legally entitled to it after any perfonnance conditions have been met. the amounts can be measured reliably, and it is probable that income ivill be received. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known. and receipt is expect¢d. If the amount is not known. the legacy is treated as a contingent asset. Grants, including grants for th¢ purchase of fixed a55ets. are recognised in full in the Statemenl of Financial Activities in the year in which they are receivable. All grants are allocated betil'een the income categories of the Statement of Financial Activities on a basis design¢d to reflect the use of the income. Incoming resources from charitabl¢ trading activities are account¢d for when ¢amed. 1.5 Resources expended Resources expended are recognised in the year in which they are incurred and include irrecoverable VAT. Costs of gerkerating funds cornprises the costs &ssociated with trading for fundraising purposes. including the charity's cafeteria and garden shop. Charitable activities comprises those costs incurred by the charity in the deliverj of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and their costs of an indirect nature necessary to support them. Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fees and cosis linked to the strategic management of th¢ charity. 1.6 Tangible fixed assets Tangible fixed assets other than freehold land are stated al cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follo1s. Land and buildings Plant and machinery Fixtures, fillings and equipment Computers 20/0 Straight line on buildings IOO/o and 25 % straight line I 00/0 and 250/0 Straight line Land at 33 Harborough Avenue is not depreciated. The gain or loss arising on the disposal of an asset is detemiined as the difference between the sale proceeds and th¢ carrying value of the asset. and is recognised in the statement of financial activities. 15
ENABLE (SHEFFIELD) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting pollcies (Continued) 1.7 Impairment of fixed assets At each reporting end date, the charity reviews the carrying amounts of its tangible and intangible assets to d¢t¢rmine whether there 15 any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to detennine the extent of the impairn)ent loss if an).. 1.8 Stocks Stocks are slated at the loiver of cost and estimated selling price less costs to complete and sell. Cost comprise5 direct materials and, where applicable. direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost. Net realisable valu¢ is the ¢stiEnated Selling pric¢ less all estitnat¢d costs of completion and costs to be incurred in marketing, selling and distribution. 1.9 Cash and cash equlvalents Cash and cash equivalents include c&sh in hand. deposits held at call with banks, other short-temi liquid nv¢stment5 With original maturiti¢s of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.10 Financial instruments The charity has elected to apply th¢ provision5 01 Section I I 'Basic Financial In5trum¢nt5' and Section l ? 'Other Financial Instruments Issu¢s' of FRS I O? to all of its financial instruments. Financial instruments are reeognised in the charity's balance sheet when the charity becomes party to the ontractual provisions of the instrument. Financial assets and liabilities are offset, with the nel amounts presented in the financial statements, when there is a legally enforceabl¢ right to set off the recogni5ed amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets. which include debtors and cash and bank balances. are initially measured at transaction price including transaction costs and are subsequently catTied at amortised cost using the effective interesl method unless the arranoement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. 16-
ENABLE (SHEFFIELD) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Continued) Impairment of financial assets Financial assets, other than those held at fair value through incotne and expenditure, are assessed for indiLators of itnpairment at each reporting dale. Financial assets are impaired iN'here there is objective evidence that, as a result of one or more events that occurred after the inilial recognition of the finai)cial asset, the estimated future cash flows have been affected. If an asset is impaired, the impainnent loss is the difference betiveen the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rat¢. The impairment loss is recognised in net Èn¢omel(expenditure} for the year. If there is a decrease in the impairn]ent loss arising from an event occurring after ihe impairtnent was recognised, the impairnient is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impainnent not previously been recognised. The impairment reversal is recognised in nel income/(expenditure) for the year. Derecognition of financial assets Financial assets ar¢ derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the charity. transfers the financial asset and substantially all the risks and rewards of ownership to another entity.. or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially r¢cognised at transaction price unles5 the arrangement constitutes a financing transaction. where the debi instrurnent is tneasured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified 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 obligations to pay for good5 or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not. they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. 1.11 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Terniination benefits are recognised immediately as an expense when the charity is demonstrably committed to tenninate th¢ employment of an etnployee or to provide temination benefits. 17-
ENABLE (SHEFFIELD) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Continued) 1.12 Retirement benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. Critical accounting estimates and judgements In the applicaiion of the charity'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 from other sources. The estimates and associated assumptions are based on historical experience and other factor5 that are considered to be rel¢vant. Actual results may differ from these estimates. The estimates and underlying &55umption5 are r¢viewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estirnate is revised ivhere the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Charitable activities 202) 2024 Sale of goods Perfonnance related grants 30,616 674,353 29,897 569,217 704.969 599,114 Performance related grants Training and day care - spot purchases 674.353 569,217 674,353 569,217 Donations and legacie5 Restricted Total Lttré$¢ri¢tèd runds funds fund$ geDer#l gener*l 2025 2025 2025 2024 Donations and gifts 7.084 19,600 26,684 6,885 18
ENABLE (SHEFFIELD) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Investments Lnn5trirted linStri¢1¢d fllttds Eeneral gether21 2025 2024 Interest receivable 5.312 4,130 Other income 2025 2024 Net gain on disposal of tangible red assets 1.068 Raising funds 2025 2024 Costs of oods sold and tradin Other trading activities ex enses 55,191 46.049 55.191 46,049 19-
ENABLE (SHEFFIELD) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Charitable aetivities 202) 2024 Staff costs Depreciation and impaimient Repairs and maintenance Insurance Heat and light Motor expenses Printing, postage and stationery Telephone Rates Batdi charges Cleaning Legal and professional fees General expenses Bad and doLtbtful debts Water rates 431,220 137,955 27.765 10,526 22,192 3.770 10,483 3.750 370,397 40.335 24,142 9,991 12,185 1,510 8,206 3.600 630 224 20.594 4,298 14,161 179 19,459 3,109 20,024 3,066 2,232 693,498 512,516 Share of govemance costs (see note 9} 6,000 6,000 699,498 518,516 Th¢ depreciation and impairnient balance of £137.955 includes an impairment to the land and buildings valuation of £96.853 during th¢ year. Support costs allocated to aetivities 2025 2024 Governance costs 6,000 6,000 Analysed between: Charitable activities 6,000 6,000 -20-
EL¥ABLE (SHEFFIELD) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Support costs allocated to aetivities (Continued) 2025 2024 Governance costs comprise: Audit fees Accountancy 3,600 2.400 3,000 3.000 6,000 6,000 10 Net movement in funds 2025 2024 The net movement in funds is stated after chargingl{crediting)'. Fees payable for the audit of the charity's financial statements Depreciation and irnpairment of owned tangible fixed assets Loss/(profit) on disposal of tangible fixed ass¢ts 3,600 137,955 276 3,000 40,335 (1,068) 11 Trustees One of the trustees. A Finchett is a salaried employee and received remuneration totalling £14,539 (2024.. £13,437). In accordance with the Volunteer Expenses Policv, payments made to ihree (20*4.. £nil) trustees in relation to non- trustee volunteering activities during the year amounted to £120 (2024: £nil). Mileage expenses reimbursed to one (2024: two) trust¢¢s amounted to £638 (2024: £236). 21
ENABLE (SHEFFIELD) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 12 Employees Number of employees The average monthly number of employees during the year was: 2025 Iyumber 2024 Number Training and care Administration Trustees Non salaried volunteers 17 15 29 26 Employment costs 2025 2024 Wages and salaries Social security costs Other pension costs 398,642 ?5.289 7,289 344,025 20,009 6,363 431,2?0 370.397 There were no employees whose annual remuneration was £60,000 or more. 13 Other 2025 2024 Net Loss on disposal of tangible fixed assets 276 14 Taiation The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. -22-
ENABLE (SHEFFIELD) NOTES TO THE FINANcL STATEMENfs (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 15 Tangible fixed assets Land buildin25 Pl¥nS marhint Fixtures fittings CDmpuler5 Total Cost or valuation At l April ?0?4 Additions Di5P05als Impairment .153,402 29,810 54,?24 126,019 3.5?0 9.977 (1,461) (20.653) 1,333,645 47,406 (22.114) {398,21 ?) 4,099 (398,?12) At 31 March 2025 785,000 56.283 I li.343 4,099 960,725 Depreciation and impairment At l April 2024 Depreciation charged in the year Eliminated in respect of disposals Impaimient 278.995 22,364 36,831 IOi,706 6.998 9,691 (1.461) (20,377) 421,532 41,103 (21,838) (301,359) 2.050 (301,359) At 31 March 2025 42,368 95.020 2.050 139,438 Carrying amount At 31 March 2025 785,000 13,915 20.323 2.049 821,287 At 31 March 2024 874.407 17.393 20.314 912.114 Land and buildings with a carrying amount of £881,853 were revalued at £785,000 on 8 August ?025 by SMC, independent valuers not connected with the charity on ihe basis of market value. The valuation conforms to International Valuation Standards and was based on recent market transactions on arm's length terms for similar properties. 16 Stocks 2025 2024 Raw materials and consumables 540 .510 23-
ENABLE (SHEFFIELD) NOTES TO THE FINANCIAL STATEIVIENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 17 Financial instrument$ 2025 2024 Carrying amount of financial assets Debt instruments measured at atnortised cost 71.976 62,306 Carrying amount of financial liabilities Measured at ajnortised cost 10,543 9,667 18 Debtors 2025 2024 Amounts falling due within one year: Trade debtors Other debtors Prepayments and accrued income 67,802 4.174 7,538 57,010 5,296 7,197 79,514 69,503 19 Creditors: amounts falling due within one year 2025 2024 Other taxation and social security Trade creditors Accruals and deferred income 6,250 1.484 9,059 6,224 2,878 6,789 16.793 15,891 20 Retirement benefit schemes 2025 2024 Defined eontribution schemes Charge to profit or loss in respect of defined contribution schemes 7.289 6,363 The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. -24-
ENABLE (SHEFFIELD) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 21 Restricted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how ihej may be used. At l April 2024 Incoming resources Transfers At 31 March 202) National Lottery Community Fund 19.600 19,600 Previous year: At l April 2023 Incoming resources Transfers At 31 March 2024 225 Prince olwales Road 16,500 (16,500) The 225 Prince of Wales Road fund ts towards the renovation and improvement of 225 Prince of Wales Road. This renovation was completed during the year. with the centre opening in August 20?3. The National Lottery Community Fund is towards the renovation and refurbishment of the toilets in the property. The renovation works were completed after the year end date. 2i-
ENABLE (SHEFFIELD) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 22 Designated funds The unrestricted funds of the charity comprise the unexp¢nd¢d balances of donations and grants which are not subject to specific conditions by donors and grantors as to hoiv they may be used. These include designated funds which have b¢¢n set aside out of unrestricted funds by the trustees for specific purposel. Balance at l April 2023 Transfers Balanct at l April ZQ24 Tr*v5fers BAIADte 91 31 Ilarch 2025 Category l .. Property and external area maintenance Category 2.. Maintenance and replacement of a5S¢ts and equipment Category 3.. Business continuation emergency fund 42,350 (17,350) 25,000 25,000 25.000 25.000 25,000 184.577 30,562 215,139 i9,256 254,395 251,927 13.21? 265.139 39,2)6 304.395 The Trustees elected to quanlify the assessment of "designated, unrestricted funds which are set aside from general unrestricted funds for the following specific purposes to meet and safeguard the Charity s objeclives= Category l- The maintenance and upkeep of the internal and external fabric of the buildings and outsid¢ spaces. Category 2- For improvem¢nts deemed necessary to improve the facilities at the Charity to include the provision of new or replacement equipment and assets as may be necessary from tim¢ to time. Category 3- To allow the Fund to be used in the case of emergency in the event of damage to the building resulting in temporary or pennanent relocation to ensure continuation of the delivery of services in accordance with the Charity's objectives. Assess as 6 months operating expenses after adjustments for property repairs and &8set expenses. Transfers comprise amounts capitalised and adjusted for depreciatlOD less amounts transferred from the main bank account. The designated fund is considered to have suifici¢nt resources held in an appropriate form to enable them to be applied in accordance with the restrictions. -26-
ENABLE (SHEFFIELD) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 24 Related party transactions Remuneration of key management personnel The remuneration of key management personnel is as follows. 2025 2024 Aggregate compensation 92.486 85,960 During the )'ear the charity purchased services to the value of £2.500 from Enhanc¢d Energy Solutions Ltd, which is a company controlled by the trustee A Finchett's son. 25 Cash generated from operations 2025 2024 (Deficit)1surplus for the year (18,000) 46,632 Adjustments for.. Investment income recognised in stat¢m¢nt of financial activities Loss/(gain) on disposal of tangible fixed assets Depreciation atid impaimient of tangible fixed assets {5,312) 276 137.955 (4,130) (1,068) 40,335 Movements in working capital.. Decrease in Stocks (Increase) in debtors Increasel{decrease) in creditors 970 (10.011) 904 516 (3.196} (1.362} Cash generated from operations 106.782 77,727 26 Analysis of changes in net funds The charity had no material debt during the year. 28-