COMPANY REGISTRATION NUMBER: 05239863
CHARITY REGISTRATION NUMBER: 1109539
Financial Inclusion Services (Yorkshire) Limited
Company Limited by Guarantee
Unaudited Financial Statements
30 September 2024

Financial Inclusion Services (Yorkshire) Limited
Company Limited by Guarantee
Financial Statements
Year ended 30 September 2024
Page
Trustees, annual report (incorporating the director's report)
Independent examiner's report to the trustees
Statement of financial activities (including income and expenditure
account)
Statement of financial position
Notes to the financial statements

Financial Inclusion Services (Yorkshire) Limited
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report)
Year ended 30 September 2024
The trustees, who are also the directors for the purposes of company law. present their report and the unaudited
financial statements of the charity for the year ended 30 September 2024
Reference and administrative details
R8gistore(I charity name
Charity registration number
Company registration number
Prlnclpal office and reglstered 35 Townhead Street
office
Sheffield
Financial Inclusion Services (Yorkshire) Limited
1109539
05239863
S12EB
The trustees
Mr P Amistrong
Ms C Ursell
Ms M Stavrianakos
Mr J Edwards
Mr C K8arton
Mr N Fletcher
(Resigned 31 July 2024)
Mr R Savage
Mr C Thomas
Independent examiner
Mr S D Allen ACA FCCA
Omega Court
364-366 Cemetery Road
Sheffield
S118FT
Structure, governance and management
Governing Document
The organisation is a charitable company limited by guarantee. It was incorporated on 23 September 2004 and is
govemed by the Memorandum and Articles of Association under which it Is established,
Recruitment and appointment of directors
Recruitment and appointment of directors is an ongoing process within the organisation involving identifying people
with skills, knowledge and relevant axperience to join our board of directors. This is achieved by local advertising
campaigns as well as identifying individuals with specific skills in areas required by the organisation. Information
packs. policies and procedures, training opportunities and induction to the organisation are available to all who
would like to become board members.

Organisational Structure
The organisation is govemed by a board of directors. who are responsible for controlling the management and
administration of the charity. The board have established formalised reporting procedures and clear lines of
accountability. The board second a varying number of hours of Sheffield Credit Union's Gener81 Manager (also
referred to as Chief Executive Officer) and Finance Manager to manage the organisation on a day to day basis on
their behalf. The managers report to the board each month and there are clearly defined roles and responsibilities.
The aims and objectives are set out in the organisations, Memorandum and Articles of Association. Decisions are
agreed and approved at the board meetings that are held regularly throughout the year.
Risk management
The board of directors actively review the major risks to which the charity is exposed and believe that careful
monitoring of re3erve3, combined with an annual review of the controls over fin8n¢ial systems, will provide
sufficient resources in the event of adverse conditions. The board of directors has also examined other operational
risks faced by the charity and can confirm that they have established systems and procedures to mitigate all
potential risks id8ntified.
Public Benefit Statement
The objectives and activities of the organisation have been planned, taking into account the requirements that Ihe
Charities Commission sets out with regard to Public 8enefit. The Public Benefit that the organisation provides
relates to our aims and objectives. 8nd is balanced againsl any potential harm through our risk assessment
procedures, The benefits are not unreasonably restricted. The activities do nol result in private benefit.
Objectives and activities
The charity's principal objectives continue to be to relieve persons in need, poverty and distress by the provision,
and support in the provision, of dobt and personal finance management training, including training in vocational
skills and the provision of such other resources and services as the trustees shall from time to time determine, with
the object of improving the conditions of life for those persons who have need of such services. These objectives
are being met by..
a} Attending strategiG meetings to drive forward issues surrounding financial exclusion at a loGal and county level;
b) Participating in, and leading projects to improve understanding of financial exclusion, for individuals and
organisations.
c> Providing support for individuals experiencing financial exclusion, in partnership with Sheffield Credit Union
Limited as well as through signposting to other ￿levant agenGies and sUPPOrt mechanisms.
d) Offering money management and budgeting support to individuals and to organisations dealing with individuals
In need of thls support.
Volunleers work within the organisation where appropriate to complement the charity's full time staff. The board
eslimale that approximately 40 hours were donated by volunteers during the year (Board meetings & AGM.
Achievements and performance
SCC Employability Project
Shoffiold City Council Contracted FISY Ltd to administar Employability Project grants on their behalf. These grants
are paid to individuals through organisations participating in the project. The organisations receive the grants from
FISY and then provide them to the individuals that they support. The project began in January 2012 and is ongoing.
Since beginning, a total of 1116 grants have been issued, all designed to help individuals lo overcome the barriers
Involved in getting back to work. Purposes have included accessing training, transport passes, work clothing and
olher expenses that would otherwise have made resuming employment difficult for the individuals.

Financial review
Principal sources of funding
This year, Ihe charity's funds have come from contractual income from Sheffield City Council. A significant grant
was received in June 2024 which allowed the presence of part-time outreach workers at community hubs. Other
necessary expenditure, including support for Sheffield Credit Union to explore and develop its community presence
and furtherance of the aims Df financial inclusion, has been found from company reserves.
Reserves Policy
The Board of Directors has established a policy whereby the unrestricted funds not committed or invested in
tangible fixed assets held by the Charity should be between one and six months of the resources expended, which
based on the currenl year equates to bet￿een £969 and £5,814 {2023 .£1,090 and £6,541). The board of directors
feel the available unrestricted funds of £13,973 at 30 September 2024 (2023= £18,390). which is higher than Ihis
target due to reduced projects within the organisation, are sufficient for the charity to CL)ntinue operating its current
activities.
Investment Policy
The general purposes committee has considered the most appropriate policy for investing funds and has found Ihat
the Unity Trust bank meets the charity's requirements.
Plans for future periods
The organisation aims to continue to deliver services to improve financial capability and promote better financial
inclusion. To achieve this, tenderins processes and further funding applications will be submitted when appropriate.
All activities thal aim to improve financial capability will be considered, including sourcing training for those working
with finanGially exGluded individuals. Work within schools and the Gommunity. to deliver money skills sessions and
to rais8 awareness of financial inclusion issues in the wider community are still under consideration for future
projects.
There were no paid employees within the organisation at the end of the financial year, and all salary charges were
in Ihe form of buying in staff hours from Sheffield Credit Union (SCU). With changes of management within SCU we
expect FISY to begjin lo employ part-time staff. The organisalion aims to continue building links with Ihe local media
through work delivered by the General ManagerlCEO and is conlinuing to utilise donated funds, and will use any
new grants, to buy hours to Support Sheffield Credit Union rnember5 With budgeting and financial management.
Th8 organisation will continue to provide volunteer opportunities by recruiting and training new volunteers to our
organlsatlon. We recrult new Dlrectors wlth a variety of skllls to support the Board of Directors, and at the time of
this report the Board of Directors has 2-6 vacancies.
Srnall Company provisions
This report has been prepared in accordance with Ihe provisions applicable to companies entitled to the small
companies exemption.
The trustees. annual report was approved on 12 June 2025 and slgned on behalf of the board of trustees by:
Mr P Armstrong
Mr C Kearton
Trustee
Trustee

Financial Inclusion Services (Yorkshire) Limited
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Financial Inclusion Services
{Yorkshire) Limited
Year ended 30 September 2024
I report to the trustees on my examination of the financial statements of Financial Inclusion Services (Yorkshire)
Limited ('the charity'l for the year ended 30 September 2024.
R85ponsibilities and basis of report
As the trustees of the company land also its directors for the purposes of company law) you are responsible for the
preparation of the financial statements in accordance with the requirements of the Companies Act 2Q06 ('the 2006
Act,).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006
Act and are eligible for independent examination, I report in respect of my examination of the charity's accounts as
carried out under section 145 of the Charities Act 2011 I'the 2011 Act,). In carrying out my examinalion I have
followed the Directions given by the Charity Commission under section 145(5){b) of the 2011 Act. Independent
examiner's statement
I have completed My examination. I confirm that no malters have come to my attention in connection with the
examination giving me cause to believe..
accounting r8cords wer8 not kept in respect of th8 charity as required by section 386 of the 2006 Act,. or
2. the financial stalements do not accord with those records., or
3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other
than any requirement thal the accounts glve a 'irue and fairf view which Is noi a matter considered as part of an
independent examination. or
4. the financial statements hav@ not b@8n prepared in accordanc8 with the methods and principles of the Statement
of Recommended Practice for accounting and reporting by charitles appllcable to charitles preparing their 8ccounts
in accordance with Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102}.
I have no concems and have come across no other matters in connection with the examination to which attention
should be drawn in this report in order to enable a proper understanding of Ihe accounts lo be reached.
Mr S D Allen ACA FCCA Independent Examiner
Omega Court 364-366 Cemetery Road Sheffield S118FT
12 June 2025

Financial Inclusion Services (Yorkshire) Limited
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 30 September 2024
2024
2023
Unrestricted
funds
Restricted
funds Total funds
Total funds
Noto
Income and endowments
Donations and legacies
Charitable activities
1,999
26,964
215
28.963
215
12.974
107
Total income
1,999
27,179
29,178
13,081
Expendlture
Expenditure on charitable activities
6,416
5,211
11,627
13,081
Total •xpendltur8
6,416
5,211
11,627
13,081
Net Income and net movement In funds
(4,417)
21,968
17,551
Reconciliation of funds
To￿1 tunds broughl forward
18,390
18,390
18,390
Total funds carrled forward
13,973
21,968
35,941
18,390
The statement of financial activities includes all gains and losses recognised In the year.
All income and expenditure derive from continuing activities.

Financial Inclusion Services (Yorkshire) Limited
Company Limited by Guarantee
Statement of Financial Position
30 September 2024
2024
2023
Note
Currenl assets
Deblors
14
35
35
Cash at bank and in hand
48,495
35.880
48.530
12,589
35.915
17.525
Crèditors: amount$ falling due within one year
15
Net currenl assets
35.941
18.390
Total assets less current Ilabllltles
35,941
18.390
Net assets
35,941
18,390
Funds of the charlty
Restricted funds
21,968
13,973
Unrestricted funds
18,390
Total charity funds
18
35,941
18.390
For the year ending 30 September 2024 the charity was entilled to exemption from audit under section 477 of the
Companies Act 2006 relating to small companies.
Directors, responsibilities..
The members have not required the company to obtain an audit of its financial statements for the year in question
in accordance with section 476
The directors acknowledge their responsibilities for Complying with Ihe requir8menls of the Act with respect to
accounting records and the preparation of financial ststements
These financial statements have been prepared in accordance with the provisions applicable to companies subject
to the small companies, regime.
These financial statemenls were approved by the board of trustees and authorised for issue on 12 June 2025 , and
are signed on behalf of the board by..
Mr P Armstrong
Trustee
Mr C Kearion
Trustee

Financial Inclusion Services (Yorkshire) Limited
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 30 September 2024
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales
and a registered charity in England and Wales. The address of the registered office is 35 Townhead Street,
Sheffield, S12EB.
2. Statement of complianca
These financial stalements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard
applicable in the UK and the Republlc of Ireland., the Stslement of Recommended Practice applicable to charllles
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland {FRS 1021 (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
Th& financial statements have been prepared on th8 historical cost basis, as modified by the r8valuation of certain
financial assets and liabilitie5 and investment propertie5 measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncerlainties about the charity's ability to continue.
Judgements and key sources of estimation uncèrtainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions
that affect the amounts reported. These estimates and judgements are continually reviewed and are b8sed on
experience and other factors, including expectations of future events that are believed to be reasonable under the
circumstances.
Fund accountlng
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unreslricted funds earmarked L)y the trustees for parlicular future project or commitment.
Restricted fijnds are subjected to restrictions on their expenditure declared by the donor or through the terms of an
appeal, and fall into one of two sub-classes.. restricted income funds or endowment funds.

Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the
charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the
amount can be reliably measured. The following specific policies are applied to particular categories of income=
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable
and its amount can be measured reliably. legacy income is recognised when receipt Is probable and entitlement is
established.
income from donated goods is measured at the fair value of the goods unless this is impractical to
measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value.
Donated facilities and services are recognised in the accounts when received if the value can be reliably measured.
No amounts are included for the contribution of general volunteers.
income from contracts for the supply of
services is recognised with the dolivery of the corbtracted service. This is classified as unrestricted funds unless
there is a contractual requirement for il lo be spent on a parlicular purpose and relurned if unspent, in which case it
may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which
cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates..
expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading
activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a
charity in undertaking activities that further its charitable airns for the benefil of its beneficiaries, including those
support costs and costs relating to the governance of the charity apportioned to charitable activities.
other
expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure
on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a
single activity are allocated directly to that activity. Shared costs are apportioned between the activities they
contribute to on a reasonable, justifi£ble and consistent basis.
Tangible assets
Tangiblé assèts are initially r8cordÉd 8t cosl, and subsequently stated 8t cost less any accumulatèd depreciation
and impairment losses. Any tsngible assets carried at revalued amounts are recorded at the fair value at the date
of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An
increase in the carrying amount of Sn asset as a result of a revaluation, is recognised in other recognised gains and
losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within Ihe
statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation. is
recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which
case the loss is shown within other recognised galns and losses on the statement of financlal activities.

Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value. over the useful
economic life of thal asset as follows:
Fixtures and fittings
Impairment of fixed a55ets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being
estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset 15
impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual
provisions of the instrument. Basi¢ financial instruments are initially recognised at the amount receivable or paable
including any related transaction costs, unless the arrangement constitutes a financing transaction, where il is
recognised at the present value of the future payments discounted al a market rate of interest for a similar debt
instrument. Current assels and current liabilities are subsequently measured al the cash or other consideration
expected to be paid cr received and not discounted.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service
is provid8d. Prepaid contributions are r8cognis8d as an asset to the ext8nt that the prepayment will lead to 8
reduction In future payments or a cash refund.
4. Llmlted by guarantee
The company is a company limited by guarantee not having a share capital. Every member of the company
und8rtakes to contribute a sum not exceeding £1 if th8 company has insufficient assets to discharge its liabilities in
the event of winding up.
5. Donatlons and legacies
33 % straight line
Unreslricted
Funds
Restricted Total Funds
Funds
2024
Donatlons
DoNalioNs and gifts
Grants
Granls receivable
1,479
1,479
1,999
25,485
27,484
1,999
26,964
28,963

Unrestricted
Funds
Restricted
Funds
Total Funds
2023
Donations
Donations and gifts
Grants
4,288
7.109
11.397
Granl5 receivable
1,577
1,577
4,288
8,686
12,974
6. Charitable activities
Restricted
Funds
Total Funds
2024
Restricted
Funds
Total Funds
2023
Other income from charitable activilies
215
215
107
107
7. Expendlture on charltable actlvltles by fund type
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Charitable Activity
Supp3rt costs
4,381
2,035
5,196
15
9,577
2,050
6,416
5,211
11,627
Unrestricted
Funds
Restricted
Funds
Total Funds
2023
Charitable Activity
Support costs
2,918
1,370
8,711
82
11,629
1,452
4,288
8,793
13,081
8. Expenditure on charitable aGtivities by activity type
Activities
undertaken
directly Support costs
Total funds
2024 Total fund 2023
Charitable Aclivity
9,577
2,050
11,627
13,081
9. Analysis of support costs
Analysis of
support costs -
charitable activity
Total 2024
Total 2023
Finance costs
Governance costs
70
1,980
70
1,980
72
1,380
2,050
2,050
1,452
10. Independent examlnatlon fees
2024
2023
Fees payable to the independent examiner for..

Independent examination of the financial statements
1,980
1.380

11. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows..
2024
2023
Wages and salaries
Employer contributions to pension plans
749
2,771
185
50
799
2,956
The average head count of employees during the year was Nil (2023- 1 ). The average number of full-time
equivalent employees during the year is analysed as follows..
2024
2023
No.
No.
Direct charitable work
No employee received employee benefits of MO￿ than £60,000 during the year (2023: Nil).
12. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity ware received by the
trustees.
13. Tangible fixed assets
Fixtures and
f ittings
Cost
At 1 Oct 2023 and 30 Sep 2024
10,735
Depreclatlon
At 1 Oct 2023 and 30 Sep 2024
10,735
Carrylng amount
At 30 Sep 2024
At 30 Sep 2023
14. Debtors
2024
2023
Prepayments and accrued income
35
35
15. Creditors: amounts falling due within one year
2024
2023
Accruals and deferred income
12,587
17,523
Other creditors
12,589
17,525
16. Deferred in¢ome
2024
2023
At 1 October 2023
Amount released to income
16,143
(4,996)
29,117
(12.974)
At 30 September 2024
11,147
16,143

17. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £ 50
(2023.. £ 1851.
18. Analysis of charitable funds
Unrestricted funds
At 30 Sep
2024
At 1 Oct 2023
Income
Expenditure
General funds
18,390
1,999
(6,416)
13,973
At 30 Sep
2023
At 1 Oct 2022
Income Expenditure
General funds
18,390
4,288
(4,288)
18,390
Restricted funds
At 30 Sep
2024
At 1 Oct 2023
Income Expenditure
Restricted Fund 1 Employability
27,179
(5,211)
21.968
At 30 Sep
2023
At 1 Oct 2022
Income Expenditur8
Restricted Fund 1 Employability
8,793
(8,793)
19. Analysls of net assets between funds
Unreslricted
Funds
Restricted Total Funds
Funds
2024
Current assets
Creditors less than 1 year
26,562
(12,5891
21.968
48,530
(12,589)
Net assets
13,973
21,968
35.941
Unrestricted
Funds
R8Stricted
Funds
Total Funds
2023
Current assets
Creditors less than 1 year
35,915
(17,525)
35,915
(17,525)
Net assets
18,390
18,390
20. Related partles
During the year there were £4,47112023 - £3,247) of recharges from the Sheffield Cre(iit Union to the company.

This document was delivered using electronic communications and authenticated in accordance with the
registrar's rules relating to electronic fonn, authentication and manner of delivery under section 1072 of
the Companies Act 2006.