**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.
- Including - Making young people feel valued individually and as part of a community `o` Socially mixing our groups and programmes where appropriate. `o` Promoting stories of young people doing good things
- Inspiring - Encouraging young people to try something new or achieve something greater `o` Supporting youth-led social action `o` Encouraging young people to use their voice
- Improving - Providing the means and support to give young people better prospects for the future
- Training skills and developing attributes, building confidence
- Providing support and space for young people to grow
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:
- Its forecasts for levels of income in future years and the reliability of each source.
- Its forecasts for expenditure in future years on the basis of planned activity.
- The analysis of any future needs, opportunities, contingencies or risks and the likelihood and impact of each.
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.
- **Local authority collaboration.** Building on work with Sheffield City Council (including HAF and Alternative Provision), the charity will develop clearer service pathways with education and early help teams, and will explore agreements that enable multi-term planning rather than short project cycles.
- **Schools and colleges.** Element will bring proven interventions into school settings (including Life Hack, SEND-specific strands, and transition support), co-designing timetables with pastoral leads so support is delivered at the right moment in the school year.
- **Care leavers and health partners.** With new contracts secured for care-experienced young people and those facing health challenges, the charity will align practice with NHS and community health teams to ensure continuity of support around attendance, wellbeing, and progression.
- **Police and community safety.** Work with South Yorkshire Police and Safer Sheffield will focus on diversion, confidence-building, and safer spaces, linking outreach (e.g. Street Reach) with targeted follow-on support.
- **Corporate and community partners.** Element will develop a small number of deeper alliances (e.g. employers, tech and media partners, sports and outdoor providers) that provide mentoring, placements, space, kit, and specialist skills. Agreements will prioritise youth benefit, safeguarding, and continuity over one-off sponsorships.
- **National networks.** Partnerships with organisations such as the Youth Hostels Association and mission-aligned charities will reduce delivery costs and widen access to residentials and specialist experiences.
## Financial Sustainability
Element Society’s approach to sustainability is to protect delivery quality while mitigating for the volatile nature of third-sector funding.
- **Balanced income mix.** The charity will keep a healthy spread across statutory, trust and foundation, corporate, and earned income. Where possible, it will seek multi-year agreements and retain a pipeline that replaces ending grants six months in advance.
- **Commissioned and in-school delivery.** Bringing existing interventions into schools and colleges creates steadier income and lowers barriers to access for young people.
- **Quality.** Growth will be tied to capacity. New delivery (e.g. at a partner site at BaseGreen site and Year 6 Transition Programme) with quality assurance and safeguarding audits embedded.
6
**Element Society Trustee report - continued for the year ended 31 December 2024**
- **Internal capability.** The charity is investing in a staff upskilling programme and upgrading lighttouch systems for scheduling, case recording, and impact reporting so teams can work efficiently across sites.
- **Risk management.** Funding concentration, premises risk, and staffing capacity are monitored on the risk register and reviewed by trustees at least twice yearly. Reserves are maintained in line with policy, and scenario planning is used to protect delivery commitments.
## 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:
- 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;
- State whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
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:
- f\[Salem]
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**
- **1 Accounting policies a General**
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|
|---|---|---|---|---|---|---|
- **3 Income from charitable activities**
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**|
|---|---|---|
- **7 Tangible fixed assets**
|**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