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← Element Society

2024-12-31-accounts

Registered Charity Number: 1157932 Company number: 08576383

Annual Report and Unaudited Financial Statements

For the year ended 31 December 2024

Element Society

Contents

Page
Legal and administrative information 1
Trustees' annual report 2 – 8
Independent examiner's report 9
Statement of financial activities 10
Balance sheet 11
Notes to the accounts 12 - 17

Element Society

Legal and administrative information for the year ended 31 December 2024

Trustees

Ian Balshaw Joseph Parkinson Gregory Burke Adrian Rattenbury Douglas Muzawazi Marcus Isman-Egal Gabriella Lesca

Samantha Headford

Resigned 1 January 2025 Resigned 1 January 2024

Resigned 1 January 2025 Appointed 1 December 2024 Appointed 1 December 2024 Resigned 17 November 2025 Appointed 1 December 2024

Company Secretary Christopher Hill

Key management Christopher Hill

Chief Executive Officer

Charity number 1157932

Company number 08576383

Registered office

Yorkshire House 66 Leopold Street Sheffield S1 2GZ

Accountants

Seven Hills Accountants Limited 57 Burton Street Sheffield S6 2HH

1

Element Society Trustee report for the year ended 31 December 2024

The trustees are pleased to present their annual directors’ report together with the financial statements of the charity for the year ended 31 December 2024 which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes.

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and the 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) issued in October 2019.

Structure, governance, and management

Structure - The charity is constituted as a company limited by guarantee and is governed by its memorandum and articles of association.

Governance - The directors of Element Society are its trustees for the purposes of charity law and are appointed by the company’s members. There is a minimum of 3 directors at any one time.

The Board shall admit to membership such persons as it thinks fit and the Board may from time to time, by resolution, prescribe (and vary) criteria for membership. Nominations of directors are for an indeterminate period, provided that one third or three (whichever is the greater number) directors are required to retire at each Annual General Meeting but so that the nominated Board director(s) shall be eligible for re-nomination.

New trustees attend a series of meetings with the executive team and attend their initial board meeting as an observer as part of their induction to the work of the charity. Formal governance training is delivered internally using charity commission guidance, though we are reviewing how to enhance this process over the coming year.

A governance improvement plan was introduced in Q4 of continued throughout 2025, and will complete in 2026 bring all aspects of governance to a gold standard.

Management

The day-to-day management of the charity is provided by Element Society whereby Christopher Hill fulfils the role of Chief Executive. The senior management team supports the Board of Trustees through its delegated powers.

Principal Activities and Review of Operations

Element Society’s objects are the advancement in the life of young people by providing support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals. This includes young people who are disadvantaged due to factors including but not limited to: mental health, employment, educational attainment, financial status, social skills, low social mobility, discrimination, and stability. Element achieves this by providing support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals.

In late 2025 the trustees propose the following changes to the objects:

“The advancement in life of young people who are disadvantaged due to factors including but not limited to: mental health, employment, educational attainment, financial, social skills, low social mobility, discrimination, and stability, by providing support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals.” subject to Charity Commission approval.

Element Society believes in young people and their ability to do unbelievable things. We work within ethical guidelines on projects that will change the world, but we aim to do this differently.

2

Element Society Trustee report - continued for the year ended 31 December 2024

Our methods are to disrupt current thinking, pool expertise from all disciplines and draw from a wealth of cross-sector experience to have a genuine positive impact on the world. This means bringing enterprise thinking to all our work. We achieve our targets, provide quality client service and always push forward to pioneer new ground. There is no standing still for us, no resting on our laurels, no taking our position as deserved instead of achieved.

Our projects are carefully selected based on a belief and understanding that they can make an achievable difference. We are undeterred by working in different sectors and know that with the right tools we can achieve success for any project that we truly believe in.

Achievements and performance

The trustees confirm that, to the best of their knowledge and ability, they have fulfilled their duty to deliver clear and meaningful benefits for the public through the Charity's programme of work. In doing so, they have referred to the Charity Commission’s guidance when reviewing our aims, objectives, and planning future activities.

This year, the Charity has achieved significant public benefits, with 662 young people aged 16–24 taking part in our projects and programmes. Participants were from across the Sheffield City Region, reflecting our commitment to supporting local young people.

We are a non-profit organisation based in Sheffield that supports young people to achieve the unbelievable. We do this by delivering programmes and workshops that empower young people to make a positive change in their communities, raise their aspirations and become role models to their peers.

Element Society is an independent youth-led organisation that has empowered over 10,000 young people to change their lives and their communities since opening in 2013. Young people on Element’s programmes have completed over 200,000 volunteer work hours, making a difference in Sheffield’s lives and communities. This vital voluntary action has contributed at least £2.5 million of impact to the city.

The charity secured funding to relaunch Street Reach in late 2024, a long-standing community outreach initiative that connects with young people in their own environments, using creative and social activities to build trust and participation.

Element does this by running programmes and projects that make young people feel valued individually and as part of a community, encouraging young people to try something new or achieve something greater, and providing the means and support to give young people better prospects for the future.

3

Element Society Trustee report - continued for the year ended 31 December 2024

Programmes and performance (2024)

The following table summarises unique participants by programme in 2024 (from the Participant Tracker).

Programme / Project Unique young people (2024)
Barbershop Project 15
Life Hack 34
Lunchboxes 60
Work Experience 21
Student placements 6
Youth Justice Music Workshops 4
Moving on Up 30
Root to Table 18
Street Reach 59
HAF 400+
Hays Travel Sessions 15

Street Reach

Street Reach offers targeted support for young people who are at high risk of criminal exploitation and anti-social behaviour in Sheffield city centre. Grounded in the principles of the National Youth Agency (NYA) Youth Work Curriculum, our approach focuses on building crucial social skills, strengthening communication, and guiding young people to manage their behaviour.

Holiday Activity Fund

The Holiday activities and food (HAF) programme provides free holiday club sessions. They are for school aged children (from Reception to Year 11) who get income-assessed/benefits–related free school meals. The programme is funded by the Department for Education. Element delivered in the region of 1,500 places.

Alternative Provision

Alternative provision (AP) provides education for children unable to attend mainstream school. Element is registered on the AP Framework for three components (Primary, Secondary, Transition) Sheffield and has been delivering a programme for primary aged children.

Life Hack

At Element Society, we believe in the power of community to inspire transformation. Over the past year, the Life Hack Programme, supported by BBC Children in Need, has proven just how much young people can achieve when given the right support and opportunities. Designed for NEET (Not in Employment, Education, or Training) young people aged 16–18, Life Hack equips participants with vital skills, builds confidence, and lays the foundation for brighter futures.

4

Element Society Trustee report - continued for the year ended 31 December 2024

Moving On Up

Pre-employability skills programme for 16 -19-year-olds. The project will be completed at the end of 2024 after 3 years. Each year of delivery consisted of 4 weeks of delivery.

Reserves Policy and Going Concern

Element Society’s reserves policy is informed by:

As of 31 December 2024, the reserves target was approximately £65,000 whilst free reserves (general funds excluding fixed assets) stood at £93,810.

The trustees have reviewed Element Society's financial position and future prospects and have a reasonable expectation that the Charity will continue to operate as a going concern for the foreseeable future. While funding for all 2026 costs is not yet fully secured, the Charity has a strong track record of successfully obtaining funding and maintaining robust relationships with local authorities. These longstanding partnerships, coupled with a healthy financial reserve, provide a solid foundation for the Charity's ongoing operations and future growth.

The trustees remain confident in Element Society's ability to deliver its objectives and continue its impactful work supporting young people in the Sheffield City Region.

Fundraising and ethical standards

The charity’s fundraising activities are compliant with the Fundraising Regulator’s Code of Practice. Element Society does not engage in high-pressure fundraising, telephone solicitation, or third-party commercial fundraising.

Plans for the Future

Programme Development and Expansion

In 2026, Element Society will strengthen and broaden its programme delivery to meet the evolving needs of young people across Sheffield. Building on the success of its Alternative Provision (AP) work, the charity will expand the offer to a second site at BaseGreen, with a new focus on sport and fitness as vehicles for engagement and personal development. Element has also secured a contract to deliver a Year 6 transition programme for pupils moving into secondary education within the AP system, a critical step in reducing school exclusion and supporting smoother educational transitions.

The long term vision for AP is to expand our sought after offer into surrounding regions. The charity is in communication with neighbouring Councils regarding their procurement of these services.

Element has secured additional funding to run Street Reach in a targeted area of high level of anti-social behaviour.

Element has also secured contracts to provide targeted support for young people leaving the care system and for those facing health-related challenges, ensuring that vulnerable young people continue to receive tailored, consistent guidance as they navigate complex transitions into independence. This work has started in 2025 but will mostly delivered in 2026.

Alongside new delivery strands, Element will deepen its existing work by bringing established programmes such as Life Hack, HAF, and SEND-specific interventions into school settings, allowing for early engagement and continuity of support during the academic year. This integration aligns with the charity’s belief in prevention, accessibility, and system-level collaboration.

5

Element Society Trustee report - continued for the year ended 31 December 2024

To underpin this growth, Element is investing in a comprehensive staff upskilling programme, equipping its youth workers and project leads with advanced training in safeguarding, trauma-informed practice, inclusive communication, and digital facilitation. This internal investment ensures that the quality of delivery grows alongside the organisation’s reach.

Strategic Partnerships for Funding and Resource Sharing

Element Society will deepen and formalise partnerships that extend reach, strengthen referral pathways, and improve the consistency of support for young people across Sheffield.

Financial Sustainability

Element Society’s approach to sustainability is to protect delivery quality while mitigating for the volatile nature of third-sector funding.

6

Element Society Trustee report - continued for the year ended 31 December 2024

Long-Term Vision

Moving forward, Element Society will continue to adapt to changing youth needs and funding landscapes while upholding our commitment to innovation, community engagement, and measurable impact. The charity’s ongoing focus on sustainable growth, programme diversity, and deep-rooted partnerships will ensure that Element remains a leader in youth development in Sheffield, creating opportunities for thousands of young people to thrive and contribute meaningfully to society.

Principal risks and uncertainties

The trustees have identified key risks affecting the charity’s operations, including dependency on grant funding, recruitment and retention of skilled youth workers, safeguarding, and continuity of premises. Mitigation strategies include maintaining diversified funding sources, investing in staff training, applying robust safeguarding procedures, and pursuing a long-term property solution for Yorkshire House. The board reviews the risk register at least twice annually to ensure appropriate controls remain effective.

Trustees’ responsibilities in relation to the financial statements

The charity trustees (who are also the directors of the charity for the purposes of company law) are responsible for preparing a Trustees’ Annual Report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The report and accounts have been prepared in accordance with the provisions in the Companies Act 2006 relating to small companies.

Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the group and of the incoming resources and application of resources, including the income and expenditure, of the charitable group for that period. In preparing the financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and the group and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial statements.

7

Element Society Trustee report - continued for the year ended 31 December 2024

Small company provisions

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

The trustees' report was approved by the board of trustees on 18 December 2025.

Signed on their behalf by:

Adrian Rattenbury Trustee

8

Independent examiner’s report to the directors of Element Society (‘the Company’)

I report to the charity directors on my examination of the accounts of the Company for the year ended 31 December 2024.

Responsibilities and basis of report

As the directors of the Company you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘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 your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination 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 matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to organisations preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns 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 the accounts to be reached.

Sarah Lightfoot, FCA DChA Seven Hills Accountants Limited 57 Burton Street Sheffield S6 2HH

18 December 2025

9

Element Society

Statement of financial activities (incorporating the income and expenditure account) For the year ended 31 December 2024

Notes
Income from:
Donations
2
Charitable activities
3
Investments - bank interest
Total income
Expenditure on:
Charitable activities
4
Net income/(expenditure)
Transfers between funds
11
Net movement in funds
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
£
321
19,595
1,659
21,575
55,814
55,814
(34,239)
5,543
(28,696)
123,817
95,121		 Restricted
funds
£
8,666
174,763
-
183,429
178,885
178,885
4,544
(5,543)
(999)
58,221
57,222		 Total
2024
£
8,987
194,358
1,659
205,004
234,699
234,699
(29,695)
-
(29,695)
182,038
152,343		 Unrestricted
funds
£
9,594
29,522
1,781
40,897
143,065
143,065
(102,168)
-
(102,168)
225,985
123,817		 Restricted
funds
£
917
156,050
-
156,967
144,950
144,950
12,017
-
12,017
46,204
58,221		 Total
2023
£
10,511
185,572
1,781
197,864
288,015
288,015
(90,151)
-
(90,151)
272,189
182,038

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

10

Element Society Balance Sheet As at 31 December 2024

Element Society
Balance Sheet
As at 31 December 2024
Total Total
Notes 2024 2023
£ £
Fixed assets
Tangible assets 7 1,311 2,621
Investments 8 - 100
1,311 2,721
Current assets
Debtors 9 65,463 760
Cash at bank and in hand 96,331 190,543
Total current assets 161,794 191,303
Creditors: amounts falling due within one year 10 (10,762) (11,986)
Net current assets 151,032 179,317
Total assets less current liabilities 152,343 182,038
Creditors: amounts falling due after more than one year 0 - -
Total net assets 152,343 182,038
Represented by:
Funds of the Charity
General funds 95,121 123,817
Restricted income funds 11 57,222 58,221
12 152,343 182,038

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director's acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.

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

Approved by the Board of Trustees on 18 December 2025.

Signed on their behalf by:

f[Stale.]

Adrian Rattenbury Trustee

11

Element Society Notes to the Accounts For the year ended 31 December 2024

Element Society is a charitable company in the United Kingdom limited by guarantee. In the event that the charity is wound up, the liability in respect of the guarantee is limited to £10 per member of the charity. The address of the registered office is given in the charity information on page 1 of these financial statements.

The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (second edition), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102) and with the Charities Act 2011. The financial statements have taken advantage of the exemption to prepare a Statement of Cash Flows.

Element Society meets the definition of a public benefit entity under FRS 102. The financial statements are prepared under the historical cost convention. The financial statements are presented in sterling which is the functional currency of the charity and are rounded to the nearest £.

b Group accounting

The charity is taking exemption of the requirement to prepare group accounts on the basis that the group is small and is not an eligible group. c Income Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. d Donated services and facilities Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt. e Expenditure and irrecoverable VAT Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

All expenditure is accounted for on an accruals basis, including irrecoverable VAT, and has been listed under headings that aggregate all the costs related to that activity. Direct costs, including directly attributable salaries, are allocated on an actual basis to the key strategic areas of activity. Overheads and other salaries are allocated between expense headings on the basis of the time spent.

Governance costs are those in connection with the management of the charity, organisational administration and compliance with the constitutional and statutory requirements. Where costs cannot be directly attributed they have been allocated to activities on a basis consistent with the use of the resources.

f Tangible fixed assets Individual fixed assets costing £500 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a straight line basis as follows: Fixtures, fittings & equipment 20% straight line Computers 33.3% straight line The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year. g Investments Investment in a subsidiary company is held at cost less accumulated impairment losses. h Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

i Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. j Creditors Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

k Financial instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. l Pension obligations The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. m Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

12

Element Society Notes to the Accounts (continued) For the year ended 31 December 2024

1 Accounting policies (continued)

n Taxation

As a charity, the organisation is exempt from tax on income and gains falling within the available tax exemptions to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.

o Leases

Rental payable and receivable under operation leases are charged to the SOFA on a straight line basis over the period of the lease.

p Funds

Unrestricted funds are donations and other income receivable or generated for the objects of the organisation without further specified purpose and are available as general funds. Designated funds are funds set aside at the discretion of the trustees for a specific project.

Restricted funds are to be used for specific purposes as laid down by the funder.

q Going Concern

The financial statements have been prepared on a going concern basis. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. and consider that the budgeted income and expenditure is sufficient with the level of reserves for the charity to continue as a going concern.

r Exemption from preparing group accounts

The company has taken advantage of the exemption in section 398 of the Companies Act 2006 from the requirement to prepare consolidated financial statements, on the grounds that it is a small sized group.

2 Income from donations

Donations and gifts
Income from charitable activities
Contracts and fees
Other contracts
BBC Children in Need
Life Hack
Barclays Community Football Fund
Accessible football
Hays Travel Foundation
Life Hack 2.0
May Hearnshaw Charitable Trust
Lifehack/Chillzone project
JD Foundation
Lifehack/Chillzone project
The National Lottery Community Fund
Chillzone
The National Lottery Heritage Fund
Heritage Through Food: Roots to Table
The Neighbourly Foundation/Lidl Toy bank
Christmas party
Plan International
"Period Peers" pilot
St Agatha's Community Kickstart Fund
Youth space refurb
Sheffield City Council
Community Iftar
Sheffield City Council
Universal Youth Fund
Sheffield City Council
Holidays Activities with Food Grant - easter
Sheffield City Council
Holidays Activities with Food Grant - summer
Sheffield City Council
Holidays Activities with Food Grant - summer (teenage)
Sheffield City Council
Holidays Activities with Food Grant - winter 23
Sheffield City Council
Holidays Activities with Food Grant - winter 24
Sheffield City Council
Holidays Activities with Food Grant - winter 24 (teenage)
Sheffield City Council
Talk Di talk (Suicide prevention)
Sheffield City Council Local Area Committees
Coronation activities
Sheffield City Council Local Area Committees
New Years resolutions
Sheffield City Council Local Area Committees
Youth zone
Sheffield City Council local area committee
Safer Spaces
Sheffield City Council local area committee
Sisters of Steel
Sheffield City Council local area committee
MOBO Inspired Open Mic and Creative Arts Night
Sarah Nulty Foundation
Power of music workshops
Sheffield Town Trust
Security door
South Yorkshire Police & Crime Commissioner
Galvanise Youth
South Yorkshire Police
Street Reach
South Yorkshire's Community Foundation
Blue Dot Sports taster Days
South Yorkshires' Community Foundation
Moving On Up
South Yorkshires' Community Foundation
O18 YOUTH CLUB
Sported Foundation
Football session
The Talbot Trusts
BlueDot project
Tesco Bags of Help
Chef's circle
Tesco Stronger
Fun days
Voluntary Action Sheffield
Reflective support
Voluntary Action Sheffield
Long covid
VAS - Sheffield autism partnership network
small grants scheme		 Unrestricted
Funds
£
321
321
Unrestricted
Funds
£
19,595
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
19,595		 Restricted
Funds
£
8,666
8,666
Restricted
Funds
£
-
-
1,000
2,485
5,000
5,000
-
35,681
230
-
500
800
15,000
8,105
24,747
8,260
1,268
6,328
1,367
-
-
-
-
540
1,622
2,000
750
1,500
3,826
29,782
1,000
5,000
5,000
-
3,000
-
500
4,000
472
-
174,763		 Total
2024
£
8,987
8,987
Total
2024
£
19,595
-
1,000
2,485
5,000
5,000
-
35,681
230
-
500
800
15,000
8,105
24,747
8,260
1,268
6,328
1,367
-
-
-
-
540
1,622
2,000
750
1,500
3,826
29,782
1,000
5,000
5,000
-
3,000
-
500
4,000
472
-
194,358		 Unrestricted
Funds
£
9,594
9,594
Unrestricted
Funds
£
29,522
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
29,522		 Restricted
Funds
£
917
917
Restricted
Funds
£
-
10,000
-
-
-
-
9,931
35,681
-
2,000
-
-
20,000
5,210
42,484
-
5,072
3,000
250
500
2,696
-
-
-
-
-
4,405
-
-
5,000
7,473
500
-
500
-
-
-
1,348
156,050		 Total
2023
£
10,511
10,511
Total
2023
£
29,522
10,000
-
-
-
-
9,931
35,681
-
2,000
-
-
20,000
5,210
42,484
-
5,072
3,000
250
500
2,696
-
-
-
-
-
4,405
-
-
5,000
7,473
500
-
500
-
-
-
1,348
185,572

13

Element Society Notes to the Accounts (continued) For the year ended 31 December 2024

4 Expenditure on charitable activities

Unrestricted
Note
Funds
£
Direct activity costs
1,812
Staff salary costs
5
30,607
Other staff costs
1,305
Volunteer expenses
-
Accomodation
6,581
Professional fees
2,445
Communications & IT
3,648
Insurance
1,516
Marketing & publicity
500
Depreciation
7
1,310
Impairment loss
8
100
Grants/donations out to other organisations
300
Bank charges
1,274
Administration
3,366
Independent examination
6
1,050
55,814
5
Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel
Salaries and wages
Employer's National Insurance
Employer's allowance
Employer's pension contributions
Redundancy
£60,000 - £70,000
During the year pension contributions on behalf of these employees amounted to £4,118 (2023: £4,139).
The key management personnel of the charity comprise the trustees and the Chief Executive Officer. The total employee
NI contributions) of the key management personnel of the charity were £68,128 (2023: £68,128).
The trustees were not paid or received any other benefits from employment with the charity in the year (2023: £nil) neith
charity trustee received payment for professional or other services supplied to the charity (2023: £nil).
The average monthly number of paid employees during the year was 14 (2023: 8). The actual monthly staff varies due to
projects.The emoluments of employees who earned over £60,000 (excluding employer pension costs) during the year wer		 Restricted
Total
Unrestricted
Restricted
Total
Funds
2024
Funds
Funds
2023
£
£
£
£
£
22,381
24,193
4,137
51,994
56,131
152,119
182,726
102,904
91,428
194,332
1,936
3,241
2,856
187
3,043
1,120
1,120
-
-
-
89
6,670
11,202
684
11,886
400
2,845
6,235
-
6,235
437
4,085
3,751
-
3,751
-
1,516
1,447
-
1,447
-
500
-
-
-
-
1,310
1,310
-
1,310
-
100
-
-
-
-
300
500
-
500
-
1,274
1,750
-
1,750
403
3,769
5,863
657
6,520
-
1,050
1,110
-
1,110
178,885
234,699
143,065
144,950
288,015
2024
2023
£
£
164,717
170,302
13,138
15,536
(5,000)
(5,000)
9,871
10,600
-
2,894
182,726
194,332
2024
2023
1
1
benefits (including employer pension contributions and employer
er were they reimbursed expenses during the year (2023: £nil). No
the extra staff taken on over the summer for delivery of specific
e within the following ranges:

6 Fees payable to Independent examiner's organisation

Independent examination
Taxastion services
Other services		 2024
£
1,050
-
324
324		 2023
£
1,110
210
270
480
Cost or Valuation
As at 1 January 2024
As at 31 December 2024
Depreciation
As at 1 January 2024
Charge this period
As at 31 December 2024
Net Book Value
As at 31 December 2024
As at 31 December 2023		 Fixtures,
fittings and
equipment
£
15,793
15,793
13,172
1,310
14,482
1,311
2,621		 Total
£
15,793
15,793
13,172
1,310
14,482
1,311
2,621

14

Element Society Notes to the Accounts (continued) For the year ended 31 December 2024

8 Investments

Cost
As at 1 January 2024
As at 31 December 2024
Amortisation and impairment
Impairment this period
Net Book Value
As at 31 December 2024
As at 31 December 2023
Turnover
Cost of sales
Net profit/(loss)
Amount gift aided to the charity
Retained in subsidiary in the year
The assets and liabilites of the subsidiary as at the year end were:
Other current assets
Current assets
Aggregate reserves
Share capital
Profit and loss account
9
Debtors
Trade debtors
10
Creditors: amounts falling due within one year
Trade creditors
Accruals
Other creditors
Other taxes and social security
Other loans
The charity holds 100 shares of £1 each in its wholly owned trading subsidiary MakeDough C.I.C, which is incorporated in the United Kingdom, registered comp
office Yorkshire House, 66 Leopold Street, Sheffield, England, S1 2GZ. These are the only shares allotted, called up and fully paid.
The subsidiary was incorporated in August 2022 and the first set of accounts to be filed were made up to 31 August 2023 and no further accounts have been
dissolved on 18 November 2025. The summary of the financial performance of the subsidiary alone is:		 Investments in
subsidiary undertakings
£
100
100
100
100
-
100
period to 31 August 2023
£
£
3,354
(3,430)
(76)
-
(76)
24
24
24
100
(76)
24
2024
2023
£
£
65,463
760
2024
2023
£
£
1,422
1,354
5,546
4,679
1,353
2,577
2,441
1,657
-
1,719
10,762
11,986
any 14302135, registered
filed. The company was

15

Element Society Notes to the Accounts (continued) For the year ended 31 December 2024

11 Restricted funds

Aviva (Crowdfunder): Chef's circle
BBC Children in Need: Life Hack
Skipton Charitable Foundation: Skipton room
Westfield Health Charitable Trust: Building development
Sheffield City Council: Universal Youth Fund
Sheffield City Council Local Area Committees: New Years resolutions
Sported Foundation: Football session
Sheffield City Council: Holidays Activities with Food Grant - winter 23
Sheffield City Council: Holidays Activities with Food Grant - easter
Sheffield City Council: Holidays Activities with Food Grant - summer (teenage)
Sheffield City Council: Holidays Activities with Food Grant - summer
Sheffield City Council: Holidays Activities with Food Grant - winter 24
Sheffield City Council: Holidays Activities with Food Grant - winter 24 (teenage)
Aviva (Crowdfunder): Learn Through Nature
The National Lottery Community Fund: Chillzone
South Yorkshires' Community Foundation: Moving On Up
South Yorkshire Police & Crime Commissioner: Galvanise Youth
The National Lottery Heritage Fund: Heritage Through Food: Roots to Table
Sheffield City Council: Talk Di talk (Suicide prevention)
Tesco Bags of Help: Chef's circle
Sheffield Town Trust: Security door
Sheffield City Council local area committee: MOBO Inspired Open Mic and Creative Arts Night
South Yorkshire's Community Foundation: Blue Dot Sports taster Days
Sheffield City Council: Community Iftar
Sheffield City Council local area committee: Sisters of Steel
Voluntary Action Sheffield: Long covid
Voluntary Action Sheffield: Reflective support
Hays Travel Foundation: Life Hack 2.0
The Talbot Trusts: BlueDot project
Sarah Nulty Foundation: Power of music workshops
May Hearnshaw Charitable Trust: Lifehack/Chillzone project
Sheffield City Council local area committee: Safer Spaces
St Agatha's Community Kickstart Fund: Youth space refurb
The Neighbourly Foundation/Lidl Toy bank: Christmas party
Tesco Stronger: Fun days
JD Foundation: Lifehack/Chillzone project
Barclays Community Football Fund: Accessible football
Sheffield Quakers: Support sessions
Aviva matched donation: Life Hack
South Yorkshire Police: Street Reach
Aviva matched donation: Climate Action
All key restricted fund activities are discussed in the trustee annual report.
South Yorkshires'Community Foundation: Moving On Up
The negative fund balance will be covered by the 2nd grant installment due in 2025.
Prior year comparative
Aviva (Crowdfunder): Chef's circle
Sheffield City Council: Covid Memorial Fund
Arnold Clarke: Fun day
The Hedley Foundation: Outdoor days
The National Lottery Community Fund: Jubilee fun day
BBC Children in Need: Life Hack
Skipton Charitable Foundation: Skipton room
Tramlines Trust: Tramlines Party
Westfield Health Charitable Trust: Building development
Sheffield City Council: Universal Youth Fund
Sheffield City Council Local Area Committees: New Years resolutions
South Yorkshires's Community Foundation: O18 YOUTH CLUB
Sported Foundation: Football session
Sheffield City Council: Holidays Activities with Food Grant - easter
Sheffield City Council: Holidays Activities with Food Grant - summer
Sheffield City Council Local Area Committees: Youth zone
Aviva (Crowdfunder): Learn Through Nature
The National Lottery Community Fund: Chillzone
South Yorkshires's Community Foundation: Moving On Up
South Yorkshire Police & Crime Commissioner: Galvanise Youth
Plan International: "Period Peers" pilot
The National Lottery Heritage Fund: Heritage Through Food: Roots to Table
VAS - Sheffield autism partnership network: small grants scheme
Sheffield City Council Local Area Committees: Coronation activities
Sheffield City Council: Talk Di talk (Suicide prevention)
Tesco Bags of Help: chef's circle
Sheffield City Council: Holidays Activities with Food Grant - winter 23
South Yorkshires' Community Foundation: O18 YOUTH CLUB		 Brought
forward
£
1,396
9,793
1,062
3,865
3,777
500
5,313
500
2,823
-
-
-
-
-
917
486
-
(780)
26,909
1,160
500
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
58,221
Brought
forward
£
14,958
1,988
780
3,164
9,715
9,378
1,356
1,000
3,865
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
46,204		 Income
£
-
-
-
-
15,000
-
5,000
-
1,268
8,105
8,260
24,747
6,328
1,367
-
-
5,000
3,826
35,681
-
-
1,500
2,000
1,000
800
1,622
472
4,000
2,485
3,000
750
5,000
540
500
230
500
5,000
1,000
5,507
2,920
29,782
239
183,429
Income
£
-
-
-
-
-
10,000
-
-
-
20,000
500
7,473
500
5,210
42,484
2,696
917
9,931
5,000
4,405
2,000
35,681
1,348
250
3,000
500
5,072
156,967		 Expenditure
£
(1,396)
(9,793)
-
-
(13,517)
-
(10,313)
(500)
(4,091)
(8,105)
(8,260)
(24,747)
(2,796)
(673)
(917)
(450)
(5,463)
(3,046)
(55,498)
(1,160)
(500)
-
(2,000)
-
(800)
(155)
(472)
(600)
(2,485)
(3,000)
(750)
(5,000)
-
-
(230)
(500)
(5,000)
-
-
(2,920)
(3,509)
(239)
(178,885)
Expenditure
£
(13,562)
(1,988)
(780)
(3,164)
(9,715)
(9,585)
(294)
(1,000)
-
(16,223)
-
(2,160)
-
(5,210)
(42,484)
(2,696)
-
(9,445)
(5,000)
(5,185)
(2,000)
(8,772)
(1,348)
(250)
(1,840)
-
(2,249)
(144,950)		 Transfers
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(36)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(5,507)
-
-
-
(5,543)
Transfers
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Carried
forward
£
-
-
1,062
3,865
5,260
500
-
-
-
-
-
-
3,532
694
-
-
(463)
-
7,092
-
-
1,500
-
1,000
-
1,467
-
3,400
-
-
-
-
540
500
-
-
-
1,000
-
-
26,273
-
57,222
Carried
forward
£
1,396
-
-
-
-
9,793
1,062
-
3,865
3,777
500
5,313
500
-
-
-
917
486
-
(780)
-
26,909
-
-
1,160
500
2,823
58,221

16

Element Society Notes to the Accounts (continued) For the year ended 31 December 2024

12 Net assets by fund

Tangible fixed assets
Net current assets
Creditors of more than one year		 Unrestricted
Fund
£
1,311
93,810
-
95,121		 Restricted
Funds
£
-
57,222
-
57,222		 Total
2024
£
1,311
151,032
-
152,343		 Unrestricted
Fund
£
2,721
121,096
-
123,817		 Restricted
Funds
£
-
58,221
-
58,221		 Total
2023
£
2,721
179,317
-
182,038

13 Related party transactions There were no related party transactions during the year.

17