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← The Terminus Initiative

2025-03-31-accounts

The Terminus Initiative

(A company limited by guarantee Number 5210544 )

(Registered Charity Number 1113438)

Financial Statements

for the year ending 31 March 2025

Contents Page
Company Information 2
Trustees' report 3-4
Examiner's report 5
Statement of Financial Activity 6
Balance sheet 7
Notes to the Financial Statements 8-11

The Terminus Initiative

Company information

Trustees

Jonathan Dunning Jonathan Haigh Karen Harrison Claire Keen Nigel Lee Samantha Nicholson Zaidie Orr Ian Price

Resigned 4 July 2023 Chair Resigned 25 November 2024 Resigned 25 November 2024

Resigned 15 April 2025 Resigned 20 June 2023

Company number

5210544

Charity number

1113438

Registered office

240, Lowedges Road, Sheffield S8 7JB

Bankers

The Co-operative Bank

Independent Examiner

Craig Williamson White Rose Accounting for Charities The Ghyll Threapland Aspatria CA7 2EL

2

The Terminus Initiative

Trustees' report

The Trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report and financial statements for the year ending 31 March 2025. The trustees have adopted the provisions of the Statement of Recommended

Practice (SORP) "Accounting and Reporting by Charities" issued in March 2005 in preparing the annual report and financial statements of the charity.

Structure, governance and management

The charity is a company limited by guarantee. The company was incorporated on 19 August 2004.

Its governing document is the Memorandum and articles of association as amended by written resolution dated 8 March 2006.

Charitable objects

To further such purposes as are charitable under the laws of England and Wales as the trustees see fit from time to time, in particular but not exclusively advancing Christian faith for the benefit of the community in Lowedges by:

Achievements and performance

Over the past year, our community work has continued to grow across all activities. Existing activity groups have increased in participation, and planning is underway to introduce new initiatives designed to broaden our demographic reach.

Driven by the need to secure new premises due to rising costs and the current location being no longer fit for purpose, the organisation’s initial plan to relocate to the Michael Church has been revised. In addition to the proposed lease at the Michael Church, the Board of Trustees has agreed with the Gavins Foundation a potential relocation to their newly acquired Lowedges Hub. An agreement has now been reached to move operations to this site in 2025. This strategy will reduce operational risk associated with potential delays at the Michael Church site and enable the charity to expand its services.

The charity remains committed to establishing an enterprise business to support long-term sustainability and work towards financial self-sufficiency. Progress in this area has been slower than anticipated due to the revised operational relocation plans.

There have been several staffing changes during the year, including the successful recruitment of a new Operations Manager. This role has been pivotal in mitigating operational risk and enhancing organisational capacity.

Both the Healthy Living and Chaplaincy programmes continue to perform strongly, supporting the charity in delivering on its core objective: “Turning around lives for good.”

3

The Terminus Initiative

Trustees' report continued

Public Benefit

The Trustees have regular reports on activities, and examine the services provided to ensure that all our activities provide clear Public Benefit. In doing this they have regard to guidance provided by the Charity Commission. Our premises are used by a wide variety of other groups which serve the needs of local people. Our Equal Opportunities Policy seeks to ensure that all members of the community are able to access our services and activities.

Reserves Policy.

With agreement of our partners and following a decision of the board, The Terminus Initiative is to hold a reserve of unrestricted funds of not less than £10,000. This is to ensure that certain commitments may be upheld for a period of three months. This policy is to be reviewed annually.

Trustees responsibilities for the financial statements

Company and charity law requires the trustees to prepare financial statements for each financial period which show the state of affairs of the charity and of net income or expenditure of the charity for that period. In preparing those financial statements, the Trustees are required to:

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable the Trustees to prepare financial statements. The Trustees are responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention of fraud and other irregularities.

This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.

10/12/2025

This report was approved by the Trustees on __ and is signed on their behalf by:

~~ria Ley~~ Nigel Leesigned on 10/12/2025, 10:23:25 GMT

4

The Terminus Initiative

Independent Examiner's report on the Accounts of The Terminus Initiative for the year ending 31 March 2025

I report on the accounts of the company for the year ended 31 March 2025, which are set out on pages 6 to 11.

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to:

q examine the accounts under section 145 of the 2011 Act;

q to follow the procedures laid down in the general Directions given by the Charity Commission under section 145 (5)(b) of the 2011 Act; and

q to state whether particular matters have come to my attention.

Basis of independent examiner’s report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that in any material respect the requirements:

· to keep accounting records in accordance with section 386 of the Companies Act 2006; and

· to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities

have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Signed:_ ~~_____~~ ______ signed on 10/12/2025, 10:36:51 GMT Craig Williamson White Rose Accounting for Charities The Ghyll Threapland Aspatria CA7 2EL

10/12/2025

Date:______

5

The Terminus Initiative

Statement of Financial Activities

for the year ending 31 March 2025

Notes

INCOMING RESOURCES
Gifts and donations
Grants and contracts
2
Rental Income
Café and Shop Sales
Other Income
Total income
RESOURCES EXPENDED
Conversation club and migrant support
Charitable activities
Salaries Costs
3
Rent
Business and Water rates
Utilities
Cleaning
Insurance
Equipment, Repairs and renewals
Stationery, Telephone & Postage
Volunteer expenses
Independent Examination
Other expenditure
Total resources Expended
Net incoming/(outgoing) resources
Total Funds brought forward
Total Funds carried forward
7		 Unrestricted
£
11,828
5,096
2,645
-
5,747
25,316
1,585
-
3,878
-
595
3,421
-
871
482
2,820
119
475
2,256
16,502
8,814
76,613
85,427		 Restricted
£
-
217,932
-
-
-
217,932
-
56,834
123,551
7,540
-
-
-
-
-
-
-
-
-
187,925
30,007
50,907
80,914		 2025
Total
£
(12 months)
11,828
223,028
2,645
-
5,747
243,248
1,585
56,834
127,429
7,540
595
3,421
-
871
482
2,820
119
475
2,256
204,427
38,821
127,520
166,341		 2024
Total
£
(7 months)
2,864
111,341
6,718
1,885
33
122,841
1,596
40,478
56,413
4,398
1,787
470
41
807
1,227
868
20
350
673
109,128
13,713
113,807
127,520

6

The Terminus Initiative

Balance sheet as at 31 March 2025

Company number: 5210544
2025 2024
£ £
CURRENT ASSETS
Debtors 5 7,200 96
Cash at bank and in hand 4 172,091 134,814
LIABILITIES 179,291 134,910
Accruals 6 (12,950) (7,390)
NET CURRENT ASSETS 166,341 127,520
Total assets 166,341 127,520
Total Funds
Unrestricted funds 85,427 76,613
Restricted Funds 7 80,914 50,907
166,341 127,520

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities;

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

10/12/2025

The financial statements are approved by the Trustees on ______ and signed on its behalf by:

~~riage lee~~ signed on 10/12/2025, 10:23:25 GMT Nigel Lee

7

The Terminus Initiative

Notes to the accounts

for the year ending 31 March 2025

1 Accounting Policies

The Financial Statements have been prepared in accordance with the Companies Act 2006, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102), and the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with FRS102 (effective from January 2015 and updated with effect from January 2016) - (the Charities SORP (FRS102)), as modified for smaller charities.

The Charity meets the definition of a public benefit entity as defined under FRS102.

Grants donations and Income from charitable trading activities are recognised in full in the Statement of Financial Activities in the year in which they are received.

Restricted funds are used for specific purposes as laid down by the donor. Expenditure which meets the criteria is identified to the fund together with a fair allocation of management and support costs.

Unrestricted Funds are other income received or generated for the objects of the charity without further specified purpose and are available as general funds.

(e) Resources expended

Resources expended are included in the Statement of Financial Activities on an accruals basis, inclusive of V.A.T. The company is not VAT registered.

Governance costs of the charity relate to the costs of running the charity such as

the costs of meetings, professional costs and statutory compliance, and includes any costs which cannot be specifically identified to another expenditure classification. In the opinion of the trustees all support costs relate to charitable expenditure.

Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost of each asset over its useful life.

(g) Fund Accounting

Funds held by the charity are either restricted funds or unrestricted general funds. Unrestricted funds are funds which can be used in accordance with the charitable objects at the discretion of the trustees. Restricted funds that can only be used for a particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

8

The Terminus Initiative

Notes to the accounts

for the year ending 31 March 2025

2 Grants and Contracts

Grants
Awards for all
Freshgate Trust
Gavins Foundation
Heeley City Farm - Dementia
Lauderdale Trust
Peak District Foundation
People Keeping Well - Resilient Communities
People Keeping Well -
Sheffield City Council LAC
Sheffield City Council Ward Pot
Sheffield City Council SPF
Sheffield City Council
Sheffield City Council Christmans Dinner
Sheffield City Council - Community Meals
Sheffield City Council Community Chest
Sheffield City Council Allotment
Sheffield City Council Cost of Living
Sheffield City Council Family Hub
Sheffield City Council Healthy Holidays
Sheffield City Council - Community Xmas party
Sheffield Methodist Connexion
South Yorkshire Community Foundation
The Macarthy Store
Sub Total restricted funds
University of Sheffield - Unrestricted
Total		 2025
£
20,000
1,000
29,600
6,250
15,368
350
25,000
54,536
6,700
1,500
30,150
-
-
-
1,000
5,000
-
-
8,279
720
8,200
3,539
740
217,932
5,096
223,028		 2024
£
-
-
-
2,500
5,600
-
12,500
27,818
-
5,000
21,875
1,000
970
2,000
-
-
2,500
20,000
2,338
-
-
7,240
111,341
-
111,341

9

The Terminus Initiative

Notes to the accounts

for the year ending 31 March 2025

3 Staff Costs and Trustee Remuneration

The Trustees received no remuneration in the year. The Staff costs were;

Salaries & NI
4 Cash at Bank and in Hand
Balance at Bank
Cash Balance		 2025
£
127,429
127,429
2025
£
171,750
341
172,091		 2024
£
56,413
56,413
2024
£
134,764
50
134,814

5 Debtors: Amounts due within one year

Debtors
Creditors: Amounts falling due within one year
Creditors
Accountancy		 2025
£
7,200
7,200
2025
12,475
475
12,950		 2024
£
96
96
2024
£
7,040
350
7,390

6 Creditors: Amounts falling due within one year

10

The Terminus Initiative

Notes to the accounts

for the year ending 31 March 2025

7 Fund accounts

Fund Balances on restricted funds are;

Funder
Awards for All
Freshgate Trust
Gavins Foundation
Gavins Foundation
Heeley City Farm - Dementia
Lauderdale Trust
Peak District Foundation
PKW
Sheffield City Council Family Hub
Sheffield City Council Cost of Living
Sgeffield City Council Warm Space
Sheffield City Council WCC
Sheffield City Council Arp project
Sheffield City Council Ward Pot
Sheffield City Council Community Chest
Sheffield City Council Allotment
Sheffield City Council Healthy Holidays
Sheffield City Council SPF
Sheffield City Council - Community Xmas party
Sheffield City Council Community Meals
Sheffield City Council
Sheffield Methodist Connexion
South Yorkshire Community Foundation
The Macarthy Store		 Opening
balance
1 April 2024
£
-
-
-
-
-
6,735
-
4,020
19,150
2,500
345
285
-
-
-
-
-
10,868
-
2,000
1,000
-
4,004
-
50,907		 Receipts
£
20,000
1,000
20,000
9,600
6,250
15,368
350
79,536
-
-
-
-
6,700
1,500
1,000
5,000
8,279
30,150
720
-
-
8,200
3,539
740
217,932		 Payments
£
(6,853)
-
(9,101)
(44)
(3,900)
(19,760)
-
(83,556)
(8,115)
(4)
(345)
(285)
(6,700)
-
-
-
(8,279)
(23,724)
(720)
(1,715)
(1,000)
(8,200)
(5,419)
(205)
(181,072)		 Closing
balance 31
March
2025
£
13,147
1,000
10,899
9,556
2,350
2,343
350
0
11,035
2,496
-
-
-
1,500
1,000
5,000
-
17,294
-
285
-
-
2,124
535
-
80,914

11 

Signatures' technical details

Signatures

nigelanthonylee@yahoo.co.uk

10/12/2025, 10:23:25 GMT

Fingerprint

5a75ce94ff448a73ac5d31ecace940b10e973a18

whiteroseafc@hotmail.co.uk

10/12/2025, 10:36:51 GMT

Fingerprint

dd0ba0ad6562c2d7c4203c3d0ca6e5825428869c

Event log

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Signing page opened by signee nigelanthonylee@yahoo.co.uk.
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Signing process completed.
Summary
Envelope's ID:bni3cg7l
Document's hash:153e7099d026c3e60480c617e00f3f884d68175a8fd689e3f7231b9449d1a185
Final stamp:10/12/2025, 10:36:52 GMT

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