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2022-09-30-accounts

REGISTERED COMPANY NUMBER: 03694091 (England and Wales) REGISTERED CHARITY NUMBER: 1159246

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022

FOR

YES2VENTURES LIMITED

Hodgson & Oldfield 20 Paradise Square Sheffield S1 2DE

YES2VENTURES LIMITED

CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 30 September 2022

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7 to 8
Notes to the Financial Statements 9 to 20

YES2VENTURES LIMITED

REFERENCE AND ADMINISTRATIVE DETAILS for the Year Ended 30 September 2022

TRUSTEES M O Powell
P C Davison
S Holdsworth
COMPANY SECRETARY D W B Ware
REGISTERED OFFICE Neepsend House
Percy Street
Sheffield
S3 8BT
REGISTERED COMPANY 03694091 (England and Wales)
NUMBER
REGISTERED CHARITY 1159246
NUMBER
INDEPENDENT EXAMINER Hodgson & Oldfield
20 Paradise Square
Sheffield
S1 2DE

Page 1

YES2VENTURES LIMITED (REGISTERED NUMBER: 03694091)

REPORT OF THE TRUSTEES for the Year Ended 30 September 2022

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 September 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

The charitable company's objectives are to promote social inclusion for the public benefit by preventing people from becoming socially excluded, relieving the needs of those people who are socially excluded and assisting them to integrate into society, in particular by:

A) providing transport facilities for people who have special need of such facilities because they are elderly, poor or disabled people with young children or those living in isolated areas where there are no adequate public transport facilities.

B) providing opportunities to establish and grow businesses to relieve the needs of those people and assist them to integrate into society.

C) providing advice, guidance and training to develop the capacity and skills of the members of the socially and economically disadvantaged community in such a way that they are better able to identify, and help meet, their needs and to participate more fully in society.

For the purpose of this clause 'socially excluded' means being excluded from society, or parts of society, as a result of one or more of the following factors:

Unemployment; financial hardship; youth or old age; ill health (physical or mental); substance abuse or dependency including alcohol and drugs; discrimination on the grounds of sex, race, disability, ethnic origin, religion, belief, creed, sexual orientation or gender re-assignment; poor educational or skills attainment; relationship and family breakdown; poor housing (that is housing that does not meet basic habitable standards); crime (either as a victim of crime or as an offender rehabilitating into society).

Public benefit statement

The trustees have complied with their duty in Section 17(5) of the 2011 Charities Act to have due regard to the guidance published by the Charity Commission on public benefit.

Page 2

YES2VENTURES LIMITED (REGISTERED NUMBER: 03694091)

REPORT OF THE TRUSTEES for the Year Ended 30 September 2022

ACHIEVEMENT AND PERFORMANCE

Yes2Ventures establishes, grows and supports enterprises to create employment that gives hope and purpose to the lives of many people at risk of social exclusion. Over the last financial year, the organisation has continued to develop a travel support enterprise to take more than one hundred and seventy people with learning disabilities and health related issues to where they want to go. More than thirty support workers, some employed by us and some self-employed, have been engaged in providing this much valued service.

On contract to Sheffield City Council, and funded in part by the European Social Fund, we have also prepared more than 130 disadvantaged job seekers for work and 35 more for further education. As well as using traditional job finding methods - cv preparation, job search, interview practice, etc - we have set up workshops to teach skills in food preparation, in craft manufacture, in art and in non-vocational activities that can build confidence.

We negotiated a premises lease in February 2021 and created an accessible bar, art gallery and workshop space in the city centre to pursue our training and employment objectives. This activity has almost exhausted our reserves but it is proving to be a social success, if not yet a commercial one.. In December 2021, we took a lease on a railway arch in Attercliffe and we propose to develop a microbrewery to create more jobs and opportunities.

The Board has met with its advisers very regularly throughout the year, and the skill and energy of the Directors and advisers has provided great support in preserving our recognised provider status with Sheffield City Council and the renewal of our ISO 9001 standard certification to the 2015 standard.

FINANCIAL REVIEW

Incoming resources for the year were £538,933 (2021: £402,741) a significant increase from the previous year however resources expended rose from £432,740 (2021) to £569,096, leaving a net deficit for the year of £30,163 (2021: net deficit of £29,999). The deficit arose due to difficult economic conditions at our Sheffield city centre venue. Contract income from Sheffield City Council for the provision of employability services amounted to £76,282 and £48,000 was received in a grant from Key Fund Yorkshire, restricted to assist the development of our new activity.

All monies received for restricted purposes were expended during the year leaving a balance on restricted funds of £nil at 30 September 2022. The balance on unrestricted funds at the year end date was £42,215 and free reserves amounted to (£4,745).

Risk management and reserves

The director trustees have considered the risks posed to the company by competition and by change of government policy. We are satisfied that we are vigilant in monitoring these risks, and that our business development strategy will increase the company's chances of increasing its financial stability.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Yes2Ventures Limited is a not-for-profit charitable company limited by guarantee. It became a registered charity from 18 November 2014. The company was incorporated under its Memorandum and Articles on 12 January 1999 as amended by special resolution on 27 October 2014.

The charity may, by ordinary resolution, appoint a person who is willing to act to be a trustee/director. The minimum number of directors shall be three.

Page 3

YES2VENTURES LIMITED (REGISTERED NUMBER: 03694091)

REPORT OF THE TRUSTEES for the Year Ended 30 September 2022

TRUSTEES

The trustees shown below have held office during the period from 1 October 2021 to the date of this report.

M O Powell P C Davison S Holdsworth

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Yes2Ventures Limited for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company 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 charitable company 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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

Approved by order of the board of trustees on 30 June 2023 and signed on its behalf by:

M O Powell - Trustee

Page 4

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF YES2VENTURES LIMITED

Independent examiner's report to the trustees of Yes2Ventures Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 2022.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) 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 charity'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

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

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 charities 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.

S C Fields

Hodgson & Oldfield 20 Paradise Square Sheffield S1 2DE

30 June 2023

Page 5

YES2VENTURES LIMITED

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) for the Year Ended 30 September 2022

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
23,025
Charitable activities
3
Social establishment and support services
388,697
Other income
2,929
Total
414,651
EXPENDITURE ON
Raising funds
4
-
Charitable activities
5
Social establishment and support services
444,814
Other
-
Total
444,814
NET INCOME/(EXPENDITURE)
(30,163)
RECONCILIATION OF FUNDS
Total funds brought forward
72,378
TOTAL FUNDS CARRIED FORWARD
42,215		 Restricted
funds
£
48,000
76,282
-
124,282
-
124,282
-
124,282
-
-
-		 30.9.22
Total
funds
£
71,025
464,979
2,929
538,933
-
569,096
-
569,096
(30,163)
72,378
42,215		 30.9.21
Total
funds
£
90,879
311,548
314
402,741
172
432,168
400
432,740
(29,999)
102,377
72,378

The notes form part of these financial statements

Page 6

YES2VENTURES LIMITED (REGISTERED NUMBER: 03694091)

BALANCE SHEET 30 September 2022

Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
12
46,960
CURRENT ASSETS
Debtors
13
49,847
Cash at bank and in hand
3,855
53,702
CREDITORS
Amounts falling due within one year
14
(58,447)
NET CURRENT ASSETS
(4,745)
TOTAL ASSETS LESS CURRENT
LIABILITIES
42,215
NET ASSETS
42,215
FUNDS
16
Unrestricted funds
TOTAL FUNDS		 Restricted
funds
£
-
-
-
-
-
-
-
-		 30.9.22
Total
funds
£
46,960
49,847
3,855
53,702
(58,447)
(4,745)
42,215
42,215
42,215
42,215		 30.9.21
Total
funds
£
42,962
51,512
1,023
52,535
(23,119)
29,416
72,378
72,378
72,378
72,378

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

Page 7

YES2VENTURES LIMITED (REGISTERED NUMBER: 03694091)

BALANCE SHEET - continued 30 September 2022

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

The financial statements were approved by the Board of Trustees and authorised for issue on 30 June 2023 and were signed on its behalf by:

M O Powell - Trustee

P C Davison - Trustee

The notes form part of these financial statements

Page 8

YES2VENTURES LIMITED

NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 30 September 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.

The presentation currency is the Pound Sterling (£) and monetary amounts in these financial statements are rounded to the nearest £.

Financial reporting standard 102 - reduced disclosure exemptions

The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Income from Government and other grants, whether capital or revenue, is recognised when the charitable company 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. Such income is only deferred when the donor specifies that the grant must only be used in future accounting periods or the donor has imposed conditions which must be met before the charity has unconditional entitlement.

In respect of the furlough grant, all conditions, with respect to the eligible costs being claimed, need to be met.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 20% on reducing balance Motor vehicles - 25% on reducing balance

Assets costing less than £500 are not capitalised.

continued...

Page 9

YES2VENTURES LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 30 September 2022

1. ACCOUNTING POLICIES - continued

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for 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.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2. DONATIONS AND LEGACIES

Donations
Grants
Grants received, included in the above, are as follows:
Sheffield City Council
Coronavirus job retention scheme
Autism Workshop Grant
Castlegate Festival
Feeding Britain
Wardpot
SESF (Keyfund)
SYCF
Other grants
Key Fund Yorkshire		 30.9.22
£
7,146
63,879
71,025
30.9.22
£
4,311
-
-
700
-
-
-
7,500
3,368
48,000
63,879		 30.9.21
£
3,406
87,473
90,879
30.9.21
£
-
55,091
2,500
400
3,982
500
25,000
-
-
-
87,473

continued...

Page 10

YES2VENTURES LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 30 September 2022

2. DONATIONS AND LEGACIES - continued

Covid support grants were received from the Coronavirus Job Retention Scheme for furloughed employees in the year to 30 September 2021.

3. INCOME FROM CHARITABLE ACTIVITIES

Activity
Social establishment and support
Support services
services
Social establishment and support
Grants
services
Social establishment and support
Painting sales
services
Social establishment and support
Bar & food sales
services
Social establishment and support
Workshop sales
services
Social establishment and support
Coffee weekend
services
Grants received, included in the above, are as follows:
Sheffield City Council
4.
RAISING FUNDS
Raising donations and legacies
Support costs		 30.9.22
£
345,484
76,282
1,864
39,034
2,315
-
464,979
30.9.22
£
76,282
30.9.22
£
-		 30.9.21
£
259,502
40,982
1,299
7,140
1,625
1,000		 30.9.21
£
259,502
40,982
1,299
7,140
1,625
1,000
311,548
30.9.21
£
40,982
30.9.21
£
172

continued...

Page 11

YES2VENTURES LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 30 September 2022

5. CHARITABLE ACTIVITIES COSTS

5.
CHARITABLE ACTIVITIES COSTS
Social establishment and support
services
6.
DIRECT COSTS OF CHARITABLE ACTIVITIES
Trustees' remuneration etc
Staff costs
Vehicle leasing
Rent & rates
Insurance
Light, heat & service charge
Telephone
Printing, post & stationery
Marketing & subscriptions
Sundries & cleaning
Support worker costs
Travel expenses
Travel support expenses
Training & workshops
Repairs & renewals
Consultancy
Bar & food purchases
Bar consumables & equipment
Kitchen consumables & equipment
Bad debts
Depreciation
Loss on sale of assets		 Direct
Costs (see
note 6)
£
561,058		 Support
costs (see
note 7)
£
8,038
30.9.22
£
6,094
311,894
11,326
40,193
2,690
6,152
1,919
1,189
2,201
2,081
73,230
293
55,309
14,864
2,958
750
14,293
853
731
909
10,332
797
561,058		 Totals
£
569,096
30.9.21
£
12,188
228,379
11,326
33,644
2,530
1,498
2,642
709
2,124
2,124
54,214
64
36,540
11,790
3,574
2,641
7,593
912
2,543
2,369
3,702
657
423,763

continued...

Page 12

YES2VENTURES LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 30 September 2022

7. SUPPORT COSTS

SUPPORT COSTS
Finance
£
Social establishment and support
services
3,990
Activity
Basis of allocation
Finance
Governance
Governance costs
Governance		 Governance
Other
costs
£
£
2,948
1,100		 Totals
£
8,038

8. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

Depreciation - owned assets
Other operating leases
Deficit on disposal of fixed assets
Pension costs
Independent examination fees
Rent
9.
TRUSTEES' REMUNERATION AND BENEFITS
Trustees' salaries
Trustees' expenses
Trustees are reimbursed for reasonable travel and office expenses incurred.
10.
STAFF COSTS
Wages and salaries
Other pension costs
The average monthly number of employees during the year was as follows:
Social establishment & support services		 30.9.22
£
10,333
11,326
797
3,290
1,100
36,104
30.9.22
£
6,094
30.9.22
£
314,698
3,290
317,988
30.9.22
30		 30.9.21
£
3,702
11,326
657
1,670
1,100
21,879
30.9.21
£
12,188
30.9.21
£
238,897
1,670		 30.9.21
£
3,702
11,326
657
1,670
1,100
21,879
30.9.21
£
12,188
240,567
30.9.21
29

No employees received emoluments in excess of £60,000.

continued...

Page 13

YES2VENTURES LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 30 September 2022

10. STAFF COSTS - continued

The average monthly number of employees calculated on the basis of full time equivalents was 17 (2021: 16).

11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
61,897
Charitable activities
Social establishment and support services
270,566
Other income
314
Total
332,777
EXPENDITURE ON
Raising funds
172
Charitable activities
Social establishment and support services
339,954
Other
400
Total
340,526
NET INCOME/(EXPENDITURE)
(7,749)
Transfers between funds
2,750
Net movement in funds
(4,999)
RECONCILIATION OF FUNDS
Total funds brought forward
77,377
TOTAL FUNDS CARRIED
FORWARD
72,378		 Restricted
funds
£
28,982
40,982
-
69,964
-
92,214
-
92,214
(22,250)
(2,750)
(25,000)
25,000
-		 Total
funds
£
90,879
311,548
314
402,741
172
432,168
400
432,740
(29,999)
-
(29,999)
102,377
72,378

continued...

Page 14

YES2VENTURES LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 30 September 2022

12. TANGIBLE FIXED ASSETS

COST
At 1 October 2021
Additions
Disposals
At 30 September 2022
DEPRECIATION
At 1 October 2021
Charge for year
Eliminated on disposal
At 30 September 2022
NET BOOK VALUE
At 30 September 2022
At 30 September 2021		 Fixtures
and
fittings
£
55,691
14,331
-
70,022
14,541
9,984
-
24,525
45,497
41,150		 Motor
vehicles
£
3,330
1,600
(3,330)
1,600
1,518
349
(1,730)
137
1,463
1,812		 Totals
£
59,021
15,931
(3,330)
71,622
16,059
10,333
(1,730)
24,662
46,960
42,962

All tangible fixed assets are used in direct furtherance of the objectives of the charity.

13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade debtors
Other debtors
VAT		 30.9.22
£
47,227
2,620
-
49,847		 30.9.21
£
40,136
8,944
2,432
51,512

Page 15

continued...

YES2VENTURES LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 30 September 2022

14.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.22
£
Bank loans and overdrafts (see note 15)
12,247
Other loans (see note 15)
19,000
Trade creditors
3,229
Social security and other taxes
8,912
Other creditors
6,762
Accrued expenses
8,297
58,447
15.
LOANS
An analysis of the maturity of loans is given below:
30.9.22
£
Amounts falling due within one year on demand:
Bank overdrafts
12,247
Other loans
19,000
31,247
16.
MOVEMENT IN FUNDS
Net
At
movement
1.10.21
in funds
£
£
Unrestricted funds
General fund
69,923
(29,613)
Designated fund
2,455
(550)
72,378
(30,163)
TOTAL FUNDS
72,378
(30,163)		 30.9.21
£
-
7,333
3,315
3,183
5,969
3,319
23,119
30.9.21
£
-
7,333
7,333
At
30.9.22
£
40,310
1,905
42,215
42,215

Page 16

continued...

YES2VENTURES LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 30 September 2022

16. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Designated fund
Restricted funds
Behaviour Change
Pathways to Success
Key Fund Yorkshire
TOTAL FUNDS		 Incoming
resources
£
414,651
-
414,651
10,253
66,029
48,000
124,282
538,933		 Resources
Movement
expended
in funds
£
£
(444,264)
(29,613)
(550)
(550)
(444,814)
(30,163)
(10,253)
-
(66,029)
-
(48,000)
-
(124,282)
-
(569,096)
(30,163)

Comparatives for movement in funds

Unrestricted funds
General fund
Designated fund
Restricted funds
Social & Community Capital
Feeding Britain
TOTAL FUNDS		 At
1.10.20
£
77,377
-
77,377
25,000
-
25,000
102,377		 Net
movement
in funds
£
(7,454)
(295)
(7,749)
(25,000)
2,750
(22,250)
(29,999)		 Transfers
between
funds
£
-
2,750
2,750
-
(2,750)
(2,750)
-		 At
30.9.21
£
69,923
2,455
72,378
-
-
-
72,378

continued...

Page 17

YES2VENTURES LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 30 September 2022

16. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Designated fund
Restricted funds
Behaviour Change
Pathways to Success
Social & Community Capital
SEFS Keyfund
Feeding Britain
TOTAL FUNDS		 Incoming
resources
£
332,777
-
332,777
15,961
25,021
-
25,000
3,982
69,964
402,741		 Resources
Movement
expended
in funds
£
£
(340,231)
(7,454)
(295)
(295)
(340,526)
(7,749)
(15,961)
-
(25,021)
-
(25,000)
(25,000)
(25,000)
-
(1,232)
2,750
(92,214)
(22,250)
(432,740)
(29,999)

A current year 12 months and prior year 12 months combined position is as follows:

Net
Transfers
At
movement
between
1.10.20
in funds
funds
£
£
£
Unrestricted funds
General fund
77,377
(37,067)
-
Designated fund
-
(845)
2,750
77,377
(37,912)
2,750
Restricted funds
Social & Community Capital
25,000
(25,000)
-
Feeding Britain
-
2,750
(2,750)
25,000
(22,250)
(2,750)
TOTAL FUNDS
102,377
(60,162)
-		 At
30.9.22
£
40,310
1,905
42,215
-
-
-
42,215

continued...

Page 18

YES2VENTURES LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 30 September 2022

16. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Designated fund
Restricted funds
Behaviour Change
Pathways to Success
Social & Community Capital
SEFS Keyfund
Feeding Britain
Key Fund Yorkshire
TOTAL FUNDS		 Incoming
Resources
Movement
resources
expended
in funds
£
£
£
747,428
(784,495)
(37,067)
-
(845)
(845)
747,428
(785,340)
(37,912)
26,214
(26,214)
-
91,050
(91,050)
-
-
(25,000)
(25,000)
25,000
(25,000)
-
3,982
(1,232)
2,750
48,000
(48,000)
-
194,246
(216,496)
(22,250)
941,674
(1,001,836)
(60,162)

Restricted Funds

These represent monies received by way of grants where the monies have been restricted to a specific purpose by the donor as follows:

Unrestricted Funds

These represent monies which are free to be used generally by the charitable company.

Designated Funds - these represent monies where fixed assets have been purchased from a restricted fund but are not restricted assets. As such, the net book value of the assets have been transferred to unrestricted funds and designated as fixed assets to match against future depreciation.

continued...

Page 19

YES2VENTURES LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 30 September 2022

17. EMPLOYEE BENEFIT OBLIGATIONS

The charitable company's pension scheme is a defined contribution pension scheme and all contributions paid are charged to the Statement of Financial Activities in the period that they were paid. Contributions paid by the company for the year were £3,290 (2021:£1,670). There were no outstanding or prepaid contributions at 30 September 2022.

18. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 September 2022.

19. ULTIMATE CONTROLLING PARTY

The company is controlled by the director trustees.

20. LIABILITY OF MEMBERS

The liability of members is limited to a sum not exceeding £10, being the amount that each member undertakes to contribute to the assets of the charity in the event of its being wound up while he, she or it is a member or within one year after he, she or it ceases to be a member, for

1) payment of the charity's debts and liabilities incurred before he, she or it ceases to be a member,

Page 20