CHARrrY REGISTRATION NUMBER 1206625 COMPANY REGISTRATION NUMBER 12121987 SHEFFtELD ALTERNATIVE PROslON FOR EDUCATION LTD TIA SHAPED UNAUDrrED FIIYANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 UHY
SHEFFIELD ALTERNATIVE PROVISION FOR EDUCATION LTD TIA SHAPED LEGALAND ADMINISTRATIVE INFORMATION Trustees A Blench JFOX J Ward-capes M Thomas ChAlr A Blench CEO Secretary R Staniforth Charlty number 1206625 Company number 12121987 Reglstered ofnce The Qu8thl 99 Parkway Avenue Shcfficld South Yorkshire S9 4WG Independent ex4mlner M Mealing Bsc FCCA UHY Hacker Young 6 Broadfield Court Broadfield Way Sheffield S8 OXF BAnker8 Cowoperative Bank plc PO Box 250 Skelmcrsdale WN8 6WT 8]n Money StsnderlaDd SR43 4JB
SHEFFIELD ALTERNATIVE PROVISION FOR EDUCATION LTD TIA SHAPED CONTENTS Page Trustees, report Independent examinetrs report io Statement of financial activities Balance sheet 12-13 Not¢s to the financial stAtcments 14-24
SHEFFIELD ALTERNATIVE PROVISION FOR EDUCATION LTD TIA SHAPED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 AUCUST 2025 Th¢ truste¢8 present their annual re[ and finala} ststements for the year ended 31 Augi]st 2025. The financial statements have b¢en preparcd in accordance with the accounting policies set out in rfftote I to the fllwicial statements and comply with thc cbarity's govcrning dUmen¢ the Companics Act 2006 and "Accounting and Reporting by Charitics: Statement of Recommended Practice applicable to charities preparillg thcir accounts &tL accordance with the Financial Retx>rtiDg Standard 8pplicable in th¢ UK and RepubliL of Ireland (FRS 102). (cffccllve l January 2019). Objeetlves and aetlvitles Th¢ objects of the charity are: To act as 8 rtmurce for young people up to the 88¢ of 25 who are not able to engage effectively in mainstream edueational setting living within the eity of Sheffield and South Yorkshire by providing advice and assistance and or8ani8itig programmcs of phy8icaL educational and oth¢r activitieg as a m¢atks of.. a) advancing in life and helplng yolln2 people by developin8 their skills. cap8cities and capabilitie5 to enable them to participate in society as independ¢nL mature and responsible inth'vidual8' b) advAnclng education- c) rclieving UnemploynDt. d) providing recreats'onal and leisure time activity in the interest of social welfare for peopl¢ living in the area of benefit who have need by rcason of their yout}4 age, infinnity or di.$ability, Vety or social aod economi¢ circumstances with a view to improving the conditions of lifc of such pcrsoL%. The ljwstees bav¢ given due regard to th¢ Clwity Commission's public bencfit guidance when exerci¥ing any powcrs OT dutics to which the guidance is levant and are pleased to rep)rt on the achievcments and perforn)ance of the organisation in linc with th¢ org8Di5ation's charitable objectives for public benefit. Achlevements and performan¢e Chair of Trustees Comments.. Yel again 2024-25 has be another cb8llengin8 but revArdiDg year for our team of dedicated staff and volunteers here at Shaped. In pulling together my comments for this report I have Ttfiected utM)n our discussions trn5t¢es at board meetings. the CEO rwrts we regularly e1ve as a board and our own visits into the provision. The overwhelming I get is of the vuln¢rnbility of the young people we wi)rk with and how as a provision w¢ offcr hope and a pathway towards a rnor¢ positive future for our thdenL8 and their farnilies and carcrs. Many of our young people have experienced trauma or are currently working through challenging circum8tance.8. 1 am proud to b¢ chair of trustees and of the ongoing work that our leam does. Seeking to dcmonstr&te every day the sha Valua%'. Committed_ In everyihing we say and do. we d0$trate commitment lo the)Y)ungpeople we work with and the1rfami1i through our daity interaclions. Attenilve to their needg-Paying attention to Wh if gOg onfor thenL often tsthrneath the surface. Responsive to iheir needs- lye aim to respond in the best way in woys thatpromote gpDwth. Empowering environmÉni- To achieve tAis we will alws hold afiuth/beliefin everyyotsngperson. a secu hopefor iheirfuture. rJnd offer rhem an environmenl ofunconditional love.
SHEFFIELD ALTERNATIVE PROVISIO1¥4 FOR EDUCATIOIY LTD TIA SHAPED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 I will mention a few things thot we have been developing this year. We h&ve been further embedding rhythms of working such as weekly briefmgs noting concern8 actions and Celebrating succe&8c£. We have focussed on developing Incsed CODSiStcncy ID Curriculum planlling and delivery across the sites. The demand for our menkning offer has Incre ovcr the year we appointed our mentoring lead and expanded the mentoring team. The intention of our curriculum is to impTOVC wellbeing. give students a positive expericDce of learning and ¢nable them to develop skills And tools which will belp them in their live5 beyond Shaped. This is about so much more than exam results and grades. N¢verthel&s& w¢ are pleased to see stydents accessing formal exams with us each summer. with increasing success. Being more strategic in the use of functional 8kills in F,nglish and Maths over the year &8 a complimentary assessment supplementing GCSE learning has paid dividends. In summer 2025 we 5UPP)rted 10 students lo sit a number of Gcsbs. Following the sirengths and interests of specific stud¢nts we saw Science. English Lit¢ratur¢ 8Dd Geography papers being sat for the fwst time. Over the year developed and implemented a new foThnat for planning the provi8ion for each young person. the Shaped Support Plan. The fonnat of these mirroring extended support plan5 used by schools. This development was very well T¢ccivcd by s¢hools parents and career8 and strengthened with our key stakeholder8. A focus this year has also been around gaining & d¢¢per understanding of what is happening in the alternative provision scene IK>tb locally and nationally. Working oui how we move towards becotnitig a regiswed provision and how wc be influencers and change makS around thi$ agenda. We ar¢ & charitable company, and our income ¢om¢8 from charges made for our s]CeS (W Schools and TN8ts) and voluntary donations. As we mentioned at last year's AGM. we have set up a School l)cvelopment Fund to help COVLY the costs of moving to becoming a registered alternative proviston. We would welLome any donations, either one off or on a regular b&8i8. Please sec Bec Staniforth (Busines5 Manager) for further detail8. Thank you for your support in what¢v¢r foTm it comes it is all welcome 8nd helps us to make a diff¢renc¢ for every young person. Mr Andrew Blench
SHEFFIELD ALTERIYATIVE PROVISION FOR EDUCATIOIY LTD TIA SHAPED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Review of the Year. The year ending August 2025 saw Shaped reach its 6th anniversary as an organisation providing Altcrnative Education Provision to young people in Crisis in Shcffiel(L During this year the extraordinary dedication alld passion of our staff at Shaped Iw enabled us to successthlly navig8te challenges and continue ctlriching the lives of young ppIe we work with. Our team's unwavering cornmRtment to each young person has been evident throughout the year. enabling our young people to experience our core values of CA.R. E. (Commilmenl Attentivenes4 Responding in th¢ best way & Empowernient). Alternalive Education Provision Throughout the academic year 2024125 we continued to provide Alternative Educalion Provision from our 2 centres (Spa View & Yew taoe). Working will4 ill (81, 15 young people over the year. eight in YI l and seven in YIO. All student places at Shaped AP are Comm10n¢d dirertly by our paitier schools with a S¢ryicc Level Agreement put in place to ¢ov¢r the placemenL and this year we worke4J with 6 th'fferent partner schools from th¢ city, one of which was new to Shaped. Over the year we have continued to build positiv¢ working relationships with c8ch school. in parn¢ular supportin8 schools during Ofsted visits tn th¢ year. These p)sitive relauonships have enabled us to coniinue to support thc youn8 people, and their fami'lies is the best way possible. Our approach lo teaching and learning (our p¢d¥8ogy) relies on a number of fimdamentsl core beliefs.. Every child's naturnl stste is one wbere they learn and grow. Like a seed, in the ri8bt environment they will grow. but in a toxic/traumatic OT wrong environment they will noL (TTcelSeed) Young people in crisis are not able to Icarn whilst they fe¢1 unsafe. judgc( muLkcd. con8umcd by thcir circumstances. and without positive tElationships. Therefore, establishing rapporL a positive relationship 8nd incrwin8 trust are the first step in helping thern to feel able to learn and grow. Behaviour is what we are able to . But it is the result of all that 'eS under the burface. that which w¢ are not able lo see. This is made up of their identity. beliefs. values, and attitud¢5. This is the complex and intertwined sense of self that been Shap and infiucnc•A over nwiy years by the relationships and circumstances of key people in their lives. Our priority as we invitr young people into Shaped 18 to create a sense of belonging and acceptance. invtting them to be part of the Shaped community, where we all 1¢8rn and grow together. Without prioritising this. our stydcnts woll't be re&dy to learn. This sense of commuEiity is the fowidation of the learning environment needed to allow space for learning and 8rowth. As a student's confidence around learning grows we seek to support them to access forn)al &ssessments such as Functional Skills and GCSE'S 8nd in 2024-25 all eight Yl I students left Shaped with a foTn]al qualification. In June fIve ofthe YI i AP students sat their Maths and English tanguage GCSE'S, we had 840/¢J attcndance at the exams" with 3 of the 5 students pa&sing both subjects aC"eVing an avernge of grdde 2. One student was supported to sit fi]rther exams in English LiteratUTe, Science and Geography. phssing all of them with an average grdd¢ overdll of 3. All 5 Shaped students said that they would not have attended their exams if they had not been hosted at Shap.
SHEFFIELD ALTERNATIVE PROVISION FOR EDUCATION LTD TIA SHAPED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Current Learner case stuth'¢s: . Learner l joined ws at the begi[Ing of Year I l. His 001 slwed that although he was &cademically able, he had become di5cngaged and would truant lessons and dimipt others. They felt he would benefit from working within a smaller. supponiv¢ group to help him Progress towards his GCSES. Throughout the year, the team worked hard to help him feel settled and secure at Shaped, and from this place he w&5 able to re-engage kK)sitively in hiy learning. seeing it as something to invest in and not disengage frolll. Maths had always been a particular StreD8t but with CODsislenl encouragement and tsilored suppor¢ be also grew in confidence in English. The team identified the additional adjustments he needed-such as using a laptop in exams-40 help him succeed. He went on to sit MatELS and Ellglish GCSES su¢c¢&sfully, aclll'eving a 3 in each subje¢L and he left Sbaped with confinned placc at college. Learner 2 joined us in Year 10 through our muitoring offer. She ftiund it difficult to renlD in class at sch(K)18nd was frequently placed in the isolation r(rn, often exwessing that she didn't "see the point of school., Havin8 experienced significant trauma within the w¢ system, she struggled to trust adults. Our mentoring t¢am began by spending time with her in school. fi)cusing on building a trusting and consistent relationship. As this trust dev¢lop&l, we w¢rc able to encourage her to visit one of our centres. After a teTm of adUal introdudion and supporL she transitioneAI inlo the centre group. where she quickly b¢came a v81ued and inllu¢ntial member, helping new learne settle in when they joined. During her time wilh us. we saw her grow in confidcn¢¢ and re-en8a8e positiv¢ly with learnin8. This progress ¢nabl¢d her to feel empowered, develop a clearer vision for ber future, and recogDiS¢ her own potential and whw she could achieve. We began working with tArner 3 during the final le of Year 10, following a reftrral from her schoo5 due lo a noticcable dccline in ¢ngagement. Although she had preViolY demonstrated high levels of ability throughout Key Stage 3. this had diminished durin8 her transition into Key Stage 4. UpM)n joining Shapcd, she integrated well into the group. building positive relationships with thc team and engaging confidently in both M8ths and English. wh¢re she demonstrated strong capability. ThrouBhout Year 11. staff fUSed on devc14)ping her 4elf-4warenS. en&hlin8 her to recoKni%e the UDderlying factors that t[dC certain situations cballengin& As thc year pro8$sed, it became Clear tbat she required greater acadcmic stretc14 and our approach was adapted to xncludc increased one-to-one tutoring in prcp8ration for her GCSES. This targeted suptKYrt enabled her to retnain motivated and engage& and she went on to suessfUllY sit GCSES in Maths. English Language and Literatu, Science and Ge0phy. achieving either grade 3 or 4 in all 5ubje¢ts. She is now thriving at College, where she is studying Travel and Tourism. A¢ross all our centres within the fvll cohort of the AP students we saw positive engagement in our curriculum over the y¢aT. with an average attendance across both centr¢s of 7V/o ovcr th¢ full year. Each student has a Story of succe&8 over the year. which looks different for each of them. We've secn Sdents grow in confidence, resili¢n¢e. self awaren, self control, social Skills, cultura] capital. and positive life-gkills througb their time at Shaped and we know that this prepares tbwn for the next sla8¢ of life (post 16: college, training and the world of work).
SHEFFIELD ALTERNATIVE PROVISION FOR EDUCATION LTD TIA SHAPED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (COIYTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Me In S¢pt¢mb¢r 2023 in response to observations frotn our team and our partner schools. we launched a mentoring servicc focused on working l-to-l with students who had become disengaged from &ny forn]al educaliot). Since the COVID-19 pandemic a growing number of young people had found it challcnging to return to matn8tream sehool. and had become 'strk,. Onc£ out of the system it clearly more and more diffi¢vli lo return as the gap between them and their peers grew wider & increasing levels of anxiety could been se¢n by many young people. It 15 also observed that young people not 8ttending educatlon are at an incre&8cd risk of becoming involved in Criminal or scxual exploitattoTJ. Over the academic year 2024r25 year we saw the mentoring WO grow significantly - with 8 I IK)O/o increase is 8tudent numb¢rs from the previous year. We worked with 16 young people on the mentoring service all of whom had b¢¢ome disengaged from mainstream education to varymg degrees. Our bespoke mentoring approach responds to the needs of each individual youn8 person and is focused on slowly building up positive $tIng relatioDsbip. From this place the mentor is able to introduce the young people to new situations. new pwple and inlo new learnin8 cnvirojlltients. This helps build confidcnce, re8iliencc tn the yOUll8 person. The 16 students covered a wide sptttnrn of ages working with students from Y8 through to YI l. As we met caLh student ov¢r the year we mad¢ an &wssment of the right pathway / outcomes for then) and work¢d with them toward8 thi8. Four of the students who wcrc YI I's w¢rc supwrtcd by our teaching staff through one-to onc tutoring as part of the mcntoring support. Through this we saw stud¢nts' ablc to rc-cnyge in Icam?ng and grow in lnfidence through the sessions. PTeporing them to is thcir GCSE'S at Shapcd. Fiv¢ YI I mentorin8 studenLs sat their GCSE'S witb us, with 80/0 attendance. Again alongsid¢ all students sitting Maths and Engli.gh Language we suprrf)rted one stud¢nl to sit English lilerthre and Science. All stydents passed the subjects they wcre entered for with the avera8¢ grade for the group being a grade 3. Mentoring Case Study . Learner I wa8 referred to Us during the final terni of Yw 10, having become disengaged from cducation and involved with th¢ pohcc aDd the youth justice system. H¢ joined Shaped with a clear desire to re-eslablish his ColectiOn with learning and work towards sitting his GCSES. Our mentoring team first focused on building a strongj Positive relationship with him, recognising that this foundation was essential for helping him understand the stcps required to achieve his goals and empowering him to take 0C[ShIp of the PTOCeSS. The tutoring team then supported him in preparing for his exarninalions. and he successfully sat GCSE Maths and English, achieving a gr4de 2 in both. He left Shaped with a renewed sense of direction, a clearer understan(b"n8 of his future ambitions, and a developing passion for pursuing a car¢¢r in sp)rts coh1n8. Learner 2 joincd us in Year I I, following an initial requesi from her School for in-school mcntoring support. She found it diificuli to remain in le&80% within large groups and would often leave the classroom. Our mentoring leaD] wogniscd that a mor¢ Individualis one-Io-Otte approa¢h would better support hcr engag¢mcnL so we ¢nabled h¢r to access our wnalised tutoring offer as part of her mentoring progrdmmc. Through this worl it became ¢lear that she w&$ a Capable and rnotivated learner with a strong desire to achieve. The team supported her in prwcssing an ADHD diagnosis. helping her to deepen her self-understanding and develop strat¢eS to manage a range of situations more effectively. We Also supported her to 51t her GCSES at Shaped in Math5. English Language. English Literature and Science. all of which she passed with an average grad¢ of 4. She is now thriving at college, where she is studying sports a¢hing.
SHEFFIELD ALTERNATIVE PROVISION FOR EDUCATION LTD TIA SHAPED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 . Learner 3 w&% referred to us afier becoming completely disengaged from school 8nd ceasing attendance altogether. Working alongside the school safeguarding team. we built initsal connects'ons with her and her family and introduced a tryoke support paekage, beginning with home-based mentoring where she felt most secure. Our meniorin8 team established a supportive and trusting relationship with both her and her family. which aduallY ¢Dabled her to feel confident enough to attend one of OUT Sbaped centres. Fnmi there. she began working towards Functional Skills qualifications. Although she inits'ally beh'eved she was UDlikcly to achieve any fonnal oulcomes. she successfully Completed iN)th Maths and Engh"sh Functional Skills and left with appropriate support in place for her post-16 transition. Across both the AP and rnentoiitig work the cohort of studenL8 included: . 6 Sdents with Education Heath Care Plans IEHCP) . 9 students who are Children kn>)ked After (CLA) 6 studcnts had Social Care Involvement {not CLA) . Through the year thc majority (95 /0) of students had additional safeguarding concerns at som¢ point through thc ycar. in Diificulties Sin¢e Shaped was established in 2019, we have successfully 0rated a day-care group foT adults with learning difficulties alongside our Alt¢rn8tive ProvisioD work During the 2024125 awlemic year, this off ontinued twice weekly at our Spa VI Centreon Wethiesdays with three 8dults attendin& and on Fridays with seven. At last year'5 AGM, our CEO, Dave Warnan. outlincd the organisalioD'S intention to seek Ofst¢d registration. In assessing the implications of this challge, it becamc clcar that rcgistered slatsts would prevent us from running the Adult group and the AP provision simultaneously. As a resulL the trustees made the difficult decision to close the Shaped Adult groiip at the end of the academic year (July 2025). Wc w¢r¢ able to celebratc with the group and bring this eleD]ent of Shaped's WO to a positivc close. Emportantly, another Organition b&s taken on thc provisio ensuring thai the adults continuc to &e$S a comparable offer.
SHEFlItELD ALTERNATIVE PROVISION FOR EDUCATION LTD TIA SHAPED TRUSTEES, REPORT UNCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 FlnAncial revlew Shaped's key financial objective 15 to ensure we maintsin financial stability. con1inued solvency and robust financial systems and governance procedures ye8T on year, so that we can $Sta]n delivery of OUT Charitable objectiv¢5 both cwrently and into the futtwe. Shaped's turnover increased this year to £332239. compared with £303.9 in 2024. The majority of this incomc (62 % ) w&s dcrivcd from dcliverin¥ AP scrviccs to schools. with service prices rising in Scptcmber 2024 to all with the rates set by Sheffield City Council. Income from the expanded mentoring offer grew Slgnificanily to £71,098 {21 % of totsl income). up from £13.840 in 2024. The adult learner group at Spa View contributed a fvrther £27.116. representing 80/0 of overall income. Gaining charity ststus in January 2024 ¢nAbled us to bcgin applying for fimditig to support the d¢v¢lopmcnt of new areas of work beyond our AP provision. ID April 2024. we re¢¢1V a grant from the KFC Foundation to help expaDd ow rnentoring offer, followed by 8 further £J,(M)O donation in April 2025, which contributed towards a$slated stsifing Costs. In addition to thi4 we received severnl genero¥ individual donations throughout the year, and we claimed Gift Aid on eligible contributions. bringing in a further £7.977. In January 2025. at our AGM, we outlined our vision for Shaped to become arA Ofsied-registered alternative provision. with a longer-term ambition of achieving Independent Sch(M)I status. To suppon this vision, we launched the Shaped School Dcvclopment Fun ¢nabling donations and funthzising income to b¢ specifically alloeatcd towards thc costs asso¢iat¢d with pursuing Ofsted rcgistratiowarticularly the staff time required to prepare the appIltiOn. An initial don10 of £6,0(Kl was r¢ttived and carried forward ints) the 2025-26 financial year. We are extremely 8rUI kn everyone who has Sup Shaped's wodc this year. Expendimre for the year totslled £286.803 (2024: £303,490), resulting in a sury)lus of £45,436 (2024.. £5(M)). By adjustmg our opernting model to dcliver provision across two AP 51tes 8nd oDe menloring sile, we were able to m&in¢ain overall costs at a similar level to thc previous year while a¢hievin8 a reduction in rent81 expenditUTC. As a pcople-centred Organisatio our stsff remain our most valuable a85Ct and the driving force b¢hilld all that we do. Consequently, statring costs Continue to represcnt the largest proportion of our expenditure, amounting to £245,267 (2024: £251,704). which equates to 860/0 of total gpend frjr the year. The balancc shcet includes a long-tenn. intrrcst-free loan obtsined in August 2021. The loan was se¢ured to increase organisational staffm8 capacity, enabling the appoinlment of a Business Manager and 5UPPOrting the expansion of operational delivery by reallocating administrative responsibilities previously undcrtakeD by the CEO. Scheduled repayments continucd througlM)Ut the financial year, reduciDg the outstanding balance by £1,200. The trustees remain conunilted to repaying the remaining balance in full &8 fin8n¢ial rcsources allow. oift After making appropriate enquirie4 the trteeS have a reasonable expe¢tstion that the Company has adequate resources to ¢ontsnuc in opcrdtsonal existen¢¢ for the foreseeable futute. For this reaso thcy continue to adopt the going ¢oncem basis in preparing the financial statcrncnts. Fwther details rcgarding the adoption of the goitig concern basis can be found ill the Accounting Policies. The trnstees recognise the nccd to diversify our fimding base and raise unrestricted inwme. Thi8 is a long- tenn strate8y to ¢nsure the financial sustsioability of the chan"ty.
SHEFFIELD ALTERNATIVE PROVISION FOR EDUCATION LTD TIA SHAPED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Reseryes olic The Board Df Tru.qtees acknowledg&q the importance of broadenitsg the charity's fimding base and increasing levels of unrestrict income part of a long-tcrm stratrgy to ensure the organisation's financial Sustainability. In line with Charity Commission guidance. the Trusttts have estsblished a reseTV¢S policy which sets a target of holding a Mini of threc months. operating Costs in reserves, providin8 a financial buff¢r duTing periods of uncertainty. At the close of the financial year. the thIty'S total reserves amounted to £23.969. cornpriging unrestricted general funds of £17.969 and desited funds of £6,000. Although this remains b¢low the three-month thrget. it represents an improvement ort the previous year. The Tntee$ are satisfied that the re8c¢S position is appropriate ai this stage and reflects 8)nsible fiDan¢ial rnaDagement iti accordance with ¢b¢ charity's pol&cy. Risk Review The trusiees have in place a risk management strategy which mpriSeS of: An annual detailed review of thc risks the charity may fae¢. • The estsblishmcnt of systcms and procedure8 to mitiwe those risks identified in the plan. and • The implementation of predules designed to minimise any potential impaet on the charity $hould those risks Materiale. The risk register is fotinally revicwed by the Board on an annual basis. and foeuses on five key themcslareas of risk: Governance, Financial. Operational, Strategic, Reputstional and Compliance. The risk register has likelihood and impact assigned to ¢a¢h item to give a weigbting for each identified risk. which identifies the major risks, enabling management to focus their attention on critical ftOrS and ensure appropriate systems and pro¢¢dur¢5 ar¢ in place. The trustees believe that the systems and procedur in place will mitigate the risks. S&fe Work with young people can caThy considcrabl¢ risk in tenns of child protection and safeguarding issues. The ttustees have ensured that sha bas a safer rruItMent pollcy and thai sthflinvolved in recruitmcnt receive safer recrnitmcnt traintng. Shad is registcred with the Disclosures and Barring Service for vetting staff. trustees and volunteers. In addition, personal references and enhanced DBS check5 are followed up for those staff and volunteers who are in direct supervision of. or work with young peopl¢. Shaped's Designated Safcguarding ttad and the TnLStee with KstK)nsibility for Safe8uardmg me¢t on regular basis and prrs¢nt an arUal self•a5SCSStllcnt 2nd action plan to thc Board. During the year there were no safeguarding incidents rqKJrted tn the relation to Shaped'8 worK and a thorough annual review of the organisations safcguarding policy was conducte
SHEFFIELD ALTERNATIVE PROVISION FOR EDUCATIOIY LTD TIA SHAPED TRUSTEES, REPORT (tNCLUDING DIRECTORS, REPORT) (COIYTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Structurey goverDaDce and mAnA%em¢nt The cbarity is estsblished LS a company limii¢d by guarantee. without a share capital, and is Tegisfrred &8 a charity with the Charity Commission. The affairs of th¢ charity aTe governed by its Memorandurn and Articles of Association. The liability of the Members in the cvent of the company being wound up ts limited to a swn not ¢x¢eedin8 £1. Chan'tsble statS was achieved on 19 January 2024. The trustees meet fornwlly. approxitDately every two months with the CEO and Business Man&ger. to ensure compliance with the staled objectives. DuTing the year. The Board of TnLSttts mel fornially 6 times. The tnee$ are involved in major stratcgic decisions and bav¢ ultimate responsibility for the condu¢t and finAn¢ial stability of Shaped. They seek to sUprt thc CEO in 8 culture of mulual confidence and t11. The Board of Tnlee$ delegates au day to day operntions of the charity to the Chief Exccutive. Commitment from the trust ffmaTns high and ar for fuuwe investmettt of time include Risk Management and Safeguarding. Thc trustees, who are abo the dirTs for the purkM)se of company law, and who sVed during the ycar and up to the date of Signatu of the financial ststements were: A Blencb JFOX J Ward-Cape8 M Thomas Recruittnent and appointment of trte¢8 Prospective trustecs arc re¢Nited based on their skil]g and suitable charn¢ter. alongside their interest in the work tbal Shaped does in its work with young pcople. Prospectivc trust$ infonnally meet with both a membcr of the trustee board and the Chicf Executive prior to appointsnenL and duc diltgen¢¢ is takcn on their suitability via a personal declaration of suitability, skills audit and a Satisfactory enhanced l)BS che¢k. TNslees are requ¢sted to familiarise themselves with th¢ work of the charity and to read the Charity Commtssion publication, 'The Essential Trustee: What you need to know.. alongsid¢ undertaking bAsi¢ safc8uaYding training to inforn] their rol¢. Nofte of the tnkstees h&% any bcneficial intercst in the company. All of the trustees att members of the company and guarantee to contribute £1 in the event of a winding up. The ttees, rewjrt was approved by the Board of Th¢¢8. A Bl¢nch Trustee 9 M8r¢h 2026
UHY 6 Broadfield Court Broadfield Way Shcffjeld S8 OXF INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SHEFFIELD ALTERNATIVE PROVISION FOR EDUCATIOIY LTD I report to the trustees on my examination of the fuwicial statements of Sbeffield Alternative Provision for Education Ltd (the charity) for the ye4r endd 31 August 2025. Responslbllltles Ind b#sli of report As the trustees of the ¢harity (and also its directors for the Purposes of company law) you are responsible for the preparation of the financi81 statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act). H&vin8 sati.sfied myself that the financial staiements of the charity are not required to be &udited under Part 16 of th¢ 2006 Act and are eligible for ind¢pend¢Dt examinatio I report in respect of my examination of the charity's financial thtements carried oul under section 145 of the Charilies Acl 2011 (the 2011 Act). In carrying uut my examination I have followed all the applicable DirectioN given by thc Charity Commission undcr s¢clion 145(5)(b) of thc 2011 ACL Independent examlner'j statement Since the charity's gross income exceeded £250.000 your examiner musi be a Memb of A body listed in section 145 of the 2011 Act. I confTh that l atD qualified to undertake the examition because L am member of ACCA. which is one of the listed bodies. I have completed my cxamination. I confirm that no martcrs have come to my attention in Connection with the ¢xamin&tion 8ivin8 me cause to believe that in any material respe¢t: a¢¢ounts'ng records wcrc kept in respe¢t of the charity as rcquircd by section 386 of the 2(X)6 Act; or the financial statements do not accord with those cOr(L8. or the fInela1 stat¢m¢nts do not comply with th¢ accountiDg requiremcnts. of sertion 396 of the 2006 Act other than any requirement that thc accounts give a truc WK1 fair vicw which is not t4 matkr considered as part of an indep¢nd¢nt examination" OT the financial statements havc not en prepared in accordance with the mcthods and principlc5 of the Statement of R¢comm¢nd¢d Practice for accounting and reporting by charities applicable to charitics preparing thelr accounts in accordance with the Financial ReFX)rtAllg Standard applicable in thc UK and Republic of brland (FRS 102). I have no concerns and h8ve come acros8 no other matters in connection with the examination to which attention should be drawn in thi5 report in order to wble a proper understanding of the fllwicial statem¢nts to be reached. M Meaiing Bsc FCCA UHY Hacker Young Chartèred Aeeountints Dat¢d.. 9 March 2026 io-
SHEFFIELD ALTERNATIVE PROVISION FOR EDUCATXON LTD TIA SHAPED STATEMENT OF FINANCIALAcrIvIS INCLUDING INCOME AND EXPENDrruRE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2025 Totsl Uins¢rktr fvnd5 E¢D¢r 2025 2025 2025 2024 Notes ncome from: Donations and l¢gacies Charitable activities 11.747 314,492 17.747 314.492 18.473 285.517 Total Income 326.239 332.239 303,990 tndlture OD: Charitable a1vIti% 286,803 286,803 303.490 Net In¢omlng regourceB before transfers 39,436 45,436 300 Net Income for the yearl Net movement In fulld8 39,436 45,436 500 Fund balances at I September 2024 (21.467) (21,467) (21.967) Fund balances at 31 August 2025 17.969 23,969 (21,467) The statement of financial activities includes a118ains and lo&K8 r08n in the year. The statement of financial activitie8 includes all gains 8nd losscs recolSed in the ycar. All income and ¢xpenditure derive from continuing activities. The ststement of financial activities also complies with the requirements for an income and expenditure accouni under the Comp80ies Act 2(K)6.
SHEFFIELD ALTERNATIVE PRoS1ON FOR EDUCATION LTD TIA SHAPED BALANCE SHEET AS AT 31 AUGUST 2025 2025 2024 Not Flxed assets TaThgible assets 247 Current sse¢g Debtors Cash al bank and in hand 12 3286 38.754 245 2,641 42.040 2.886 Credltor8: amoullts rllg due vAthID on¢ y¢&r 13 (9J71) (14.81)0) Net current a59etsl(Liabilitic5) 32.669 (11.914) Total Assets lesj current llAbUltleJ 32.669 (11,667) Credltor5: amounts fAlllng due after mor¢ than one yeAr 14 (8,7CM)) (9.800) Net #$$etslOlbllltles) 23.969 (21.467) Income funds Unrestricted funds - dc5ignated Unrestricted funds - general 16 6,CKIO 17,969 (21,467) 23.969 (21,467) 12-
SHEFFIELD ALTERNATIVE PROVISION FOR EDUCATION LTD TIA SHAPED BALANCE SHEET (COrINUED) AS AT31 AUGUST 2025 The company is entiiled to the exemption from th¢ audit requirement eontained in 8tion 477 of the Con)panies Act 2006. for the y¢ar ended 31 AugiLSt 2025. The directors acknowledge their r&spJnsibilities for complying with the Tequirements of the Companies Act 2006 with respect to accounting records and the prqmration of financial statements. The members bave not required the con]pany to obtain an audit of its financial sta*ments for the year i questiotL in arcordance with section 476. These financial ststements have been prepared in accordance with the provisions gppli¢abl¢ ¢ompanies subject to the small companies regime. The fillclaI statements were approved by the Tr$(ee9 on 9 March 2026 A Blench Trustet Company registration number 12121987 13-
SHEFFIELD ALTERNATIVE PROVISION FOR EDUCATION LTD TIA SHAPED NOTES TO THE FINAIYCIAL STATEMENrs FOR THE YEAR ENDED 31 AUGUST 2025 A¢lltIng polides CbArlty Informatlon Shefficld Altcrnativc Provision for Ethication is a privatc company limited by guarantce incorporated in England and Woles. The registered office is The QLthL 99 Parkway Avenue, Sheffield, South Yorkshire. S9 4WG. The company was incoTporatcd on 25 July 2019, and in March 2023 the directors agreed to action an application to the ChaTity Commission for charilable status for th¢ organi5ation. The application was submitted in July 2023 and the directors wett tnfornied the application was success1 in Deeemb¢T 2023. The organisation became a registsred ¢h8rity on 19 January 2024. 1.1 Accountlng convendoD Thc fjnancial stalcmcnts havc becn prcparcd in accordance with the charity's governing document, thc CompatLiCS Aci 2006. FRS 102 The Financi R¢FK)rting stsdard applicable in the UK and Republic of Ireland" (-FRS 102") and the Charities SORP "Accounting and Reporting by chan't1.. S¢ent of Recomm¢nd¢d Prtice applicablc to charities pparIng their accounis in accordancc with the Trinancial Rwrting Standard applicable in the UK and Republi¢ of Ir¢land (FRS 102)" (effective l January 2019). The charity is a Public Benefit Entity as defined by FRS 102. The ehariry h8$ t8k¢n advantage of the provisions in the SORP for charities not to Prepare a Staternent of Cash Flows. The f1nancial ststements are prepared in sterliD& which is the flCtIOnal Curren of the charity. Monctary amounts in thcsc financial slatcmcnts are roundcd to the nearcst £. Thc financial statcmenls h8v¢ bLYn prepared under th¢ historical cost convcntion. The principal accounting policies adopted are Set out bclow. 1.2 Gohng eoncern At the time of approving th¢ financial statement4 thc trusl¢¢s hav¢ a reasonablc cxpeclation that the cbArity has adequate r¢sowces to continue in operational existence for the forcsccable fulure. Thus the trustees continue to athpi the going concern basis of accouDtmg iti prepill8 the financial ststem¢nts. 1.3 CharitAble funds U1St¢ted funds are available for at th¢ discretion of the tn¢¢3 in fiwth¢Tanee of their charitable obj¢¢tives. Restricted fund5. if any, are subj¢¢l to specific conditions by donors &$ to how they may be used. The purposcs and u8es ofthe restn.cted fid5 are sel out in the notes to the financial 5tat¢ments. IA Inco* resources Income is Tecognised when thc charity is legally eDtitlcd to it after any perfonnance conditions have beetl meL thc amounts Can be measured rcliably. and it is probable that incomc will b¢ received. 14_
SHEFFIELD ALTEIiIYATKVE PROVISION FOR EDUCATION LTD TIA SHAPED NOTES TO THE FINANCIAL STATEMENTS (coiYfiNUED) FOR THE YEAR ENDED 31 AUGUST 2025 Accounting polici {Conilnued) Cash donations are recogTrÈsd on reipL Othcr donations are reco8tiised once the clwity has been notified of the donatio unless performance conditions require defeal of tb¢ amount. Income tsx recoverable in relation to donations received Und Gift Aid or dccds of wvonant is r(wgnisod at the time of the donation. Grants are recognised in full in the year in which they are receivable. All granis are allocaied between the incorne categories of the Ststement of Financial Activities on a basis designed to reflect the use of the income. tncomin8 resources from cbaritsbl¢ tradin8 activities aTe accowitrd for when camed. 1.5 Reiourtes expended Re50UTces expended are recolS¢d in the year in which they are incurred and include irreLoverable VAT. Charitsblc activities compTiSCS thosc costs incwred by thc charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be ailocatal directly to suth artivities and their costs of an indirect nature to support them. Governance costs include those costs 8&8ociated with meeting the ¢onstitstional and statOry requirements of the charity and include the independent examination fees and Costs linked to the strate¢ management of the clwity. 1.6 Tanglble fixed assets Tangible fixed assets are inilially measur at ci)st ond subsquclltly mc88urcd cost or valuation, net of dcprcciation and any impairmcnt losse$. D¢pre¢iation is recogni$ so as to WTite off the cost or valuation of a&sets less their residual valucs over their useful lives on the followin8 b&8CS: Computer equipment 33•A strt line The gaitt or loss arising on the disposal of an asset is det¢nnined as the difference between the sale proceeds and the carrying value of the asse¢ and is recognised in the statement of financial artivities. Assds e05ting less than £5(K> ar¢ not capitslised but are treated &s revenue expenditure in the year thai the expenditure is incuTteiL However, the trsle can capits]ise items below this limil at their discretion. 1.7 Impatrment or1ed awts At cach reporting end date. the charity reviews the wing atnouDts of its tangibl¢ assets to determine whether there is any indication that th0 assets bave suffeT&J an impairnient loss. If any such indication exists, the recoverablc amount of the asset is &stimated in ordcr to determine the extent of the impaimieDt loss (if any). 15_
SHEFFIELD ALTERNATIVE PROVISION FOR EDUCATION LTD TIA SHAPED NOTES TO THE FINAF4CIAL STATEMENfs (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Accounting policies (Conilnued) 1.8 Cash cash equlvAlents Cash and cash equivalents include cash in hand detx)sits held at call wlth banks. other short-lenn liquid investments with original rnaturities of thrc¢ moDtILS or less, and b8nk overdrafts. Bank overdrafts are shown within borrowings in current liabiliti 1.9 Fln&nclAI Ingtrnments The ¢harity ¢l¢¢tcd to 8pply th¢ provisions of SectiOD I I 'Basic FiDan¢i&l Instsuments. and Section 12 '0ther Financial Instruments Issues. of FRS 102 to all of its flnancial Allstnuncnts. Financial instruments arc Tecognised in the charitys balance sheet when the charity becomes paty to the contractual provisions of th¢ iDstriiment. Financial assets and liabilities are offscL with the net amounts presented in the financial statements, when there is a legally enforceable right to 8et off the recolSed amounts and tb¢r¢ is an intention to settle on a net basis or to realise the assel aDd 5ettl¢ the liability s1multhnU8Iy. 8ask fln•ncl•l aM•ts Basic financial assets. which include debtots and cash and bank balances, are initially measured 81 transaction price including transaction costs and 3re subsequently carried at amortised cost using the effe¢tive int¢rt5t method unless the arrangement constirutes a financing transaction, where the transaction is measurcd 8t the present value of the future receipts discounted at a rnarket rate of interest. Financial ets classified as T1VebIe withm one year are not amortisel Imp4lrm•nt of flnanclal •ss•ts Financial a5scls, other than thos¢ held at fair value through incomc and expenditurc, arc &ss¢ssed for indiG&tOTS of impairtnent al each reporting daic. Financial usscLs impaircd wherc thcre is objective evidcnce that, as & result of one or mott ev¢nts that occuTh¢d after the initi81 recognition of the financial asset. the estimated future cash flows have been affecteJL If an asset 18 impaire4 the impainncnt Ios5 is the difference between the canying amount and the present value of the estimated cash flow5 discounted at the &t'S ori1 effective int¢rest rate. The impairnlent loss is recogni5ed in net incomel(¢xpeDth"ttre) for the year. If there is a decre in the impairnient loss aTising from an evenl 0u[ritig after the impairment was re¢Ql5ed, the itnpainnent is rev¢rs¢d. The r¢vcrsal is such that the CUTrcnt carrying amount does not exceed what the carrying amount would bave been. had the impainnent not previously been rccognised. The impairmcnt mersal is recognisd in llet incompJ(expenditure) for the year. Dw8cognltlon of ffnandal assets Financial &sseLs are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the charity ¢rnnsfers the fancial asset and substantially all the risks and rewards of ownership to another entily. or if some sigDifi¢ant rlsks and rewards of ownership are retained but control of the asset has transfcrred to another party that is able to sell the asset in its tirety to all UDrelated third party. 16-
SHEFFIELD ALTERNATIVE PROVISION FOR EDUCATION LTD TIA SHAPED NOTES TO THE FINANCIAL STATEMENTS (CONfINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Accounting policies (Continued) 8aslc )7nanclal Ilabllltl•s Basic firncIal liabilities. including creditffl5 and bank loans are initially recognised at transaction price unless the 8rrangemcDt constitut&8 a financing transaction. where th¢ d¢bi insttiunent is mcasurcd at the present value of the fijturc payments dIsullted at a uwket rdte of interest. Financial liabilities classified as payable within one year are not amortisol Debt instnunents are subsequently CaTried at amortised rA)sL USAn8 the effective interest rnte method. Trade Credito are obligations to pay for gcS or services that have been acquired in the ordinary Course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within One year or less. If no( thcy are pT¢sent¢d as non-current liabiliti¢s. Tr&de creditors are recognised initially at tr2nsaction price and subsequenty rnwured at amortised cost using the effective interest method. D8rncognltlon of ffnancial Ilabllltles Financial liabilitie5 ar¢ d¢recogllised when the ¢hatity's contractual obligations expire or are discharged or cancelled. 1.10 Employee beneflts Th¢ cost of any unused holiday entitlement is rolS¢d in the period in which the employee's seTViCCS received. Termtnation beneftts are Ye¢ognised immediafrly as an cxpense when the charity is demonstrably Committ to temiinalc the employment of an employ¢¢ or to provide temination benefits. 1.11 Retlrement beneflts Payments to def¢d contributioo retirement benefit schemes are ¢h8rgcd as an expense as they fall due. CrltleaI accountlng esthnatu •nd Judgements In the application of the charity's a¢couDting policies, the IntttS are required to make judgements, estim&tes and assumptions atK>Ut th¢ carying amount of assets and liabilitie8 that aT¢ not readily appent from other SOUTces. The estimates and 8ssociat¢d assumptions are based on historical experience and other factors that are considered to be relevanL Actyal result6 may differ from these estimates. Th¢ ¢stimates and underlying assumptions ar¢ reviewd on an ongoing basis. Revision.8 to accounling cstimates are rglS¢d in the period ill which the estimatc is tcvised where the revision affects only that period, or in the period of thc rcvisioo and fvture periods wherc the revision affects both currcllt and fvture periods. 17-
SHEFFIELD ALTERNATIVE PROVISION FOR EDUCATION LTD TIA SHAPED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Donatlon5 attd legacles Unrestrlded f¥Trd¥ 2025 2025 2025 2024 Donatiorjs and gift8 Granls 8.747 14,747 3,000 15,973 2,500 11.747 17.747 18,473 Grnttts reeelvable for core actlvltle8 KPC Foundauon 3,¢XIO 2.500 3.000 2,51X) ChArltAble actlvldes 2025 2024 Services provided under contr8Ct 314,492 285.517 18-
SHEFFIELD ALTERNATtVE PROVISION FOR EDUCATION LTD TIASHAPED IOTES TO THE FINANCIAL STATEmE[s (CONfll¥uED) FOR THE YEAR ENDED 31 AUGUST 2025 ChArltable actlvhles 2025 2024 Stsff ¢osts Depreciation and impaiTmcnt Direct costs Rent Propety repairs and maintenance Computer nllming ¢08ts Motor running costs Legal and professional Bank ¢harg¢s In.8urancc Printing and stationcry T¢lecommunicaiion8 Sundry 245,267 247 11,762 12.784 105 2.016 3,193 4,535 633 2,312 246 523 2.615 251.704 1.195 18.406 17.611 272 2,142 2,460 3,969 473 2,286 326 453 1.653 286,238 302,950 Share of governance ¢osts (sec note 6) 565 540 286.803 303.490 Support c(fftsts alloted to *¢tlvldes 2025 2024 Governance costs 565 540 Analysed betweett: Charitsble activities 565 540 2025 2024 Governance costs comprRse: Indepcndcnt cxamination fee 565 540 565 540 19-
SHEFFIELD ALTERNATIVE PROVISION FOR EDUCATION LTD TIA SHAPED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Net movemeot ID ndS 2025 2024 The net movement in filnds is ststed after cha[wn{Cr¢ditlng). Fees payable for the independent eXamItion ofthe charitys financial stslements Dwreci&tion of owned tsngible fixed assets 565 247 540 1,195 Trustees None of the trustees (or any persons CODnccted with them) receiv any remuneration or benef1ts from the charity during the year. A Blench donated £600 (2024: LH.4} to thc clwity during the year. Employee8 The averdge monthly number of employ¢¢s duTitig the year was.. 2025 Number 2024 Number Employees Director ttustees 12 Total 13 16 Employment eost8 202S 2024 Wages and salaries Social urIty costs Oth¢T pension costs 229,312 11.126 4,829 234.511 12.426 4.767 245.267 251.704 Thcre were no employccs whosc annual rcmuncratioll was more than £60.0(KI. 10 Taxfitlon The chaTity is exempt from taxation on its activitias because ail its income is applied for chaTitable purtK>ses. -20-
SHEFFtELD ALTERNATIVE PROVISION FOR EDUCATION LTD TIA SHAPED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 11 T4ngible fixed assets Computsr ¢qu5pm¢nt Cost At I September 2024 3,623 At 31 August 2025 3.623 Depreclatlon And Impalnnent At I September 2024 Depreciation ¢bargcd in the year 3,376 247 At 31 August 2025 3,623 Carryljjg amount At 31 August 2024 247 12 Deb¢on 2025 2024 Amounts falllng due wlthln otte ytar: Tradc dcbtors Prepayments and accrued income 3,141 145 100 145 3.286 245 13 Credltors: amounts falllng due wlthln olle year 2025 2024 Bottowtngs Oth¢r taxation and social security Trade creditors Accruals and deferred income 1.200 3.602 659 3.910 4,566 3,875 2,603 3,756 9,371 14,800 14 Credltors: amounts falling due after more than one ye4r 2025 2024 Boow1n8$ 8.7(M) 9,800 21-
SHEFFIELD ALTERNATIVE PROVISION FOR EDUCATION LTD TIA SIIAPED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 15 Retirement benefit schemes 2025 2024 Defjned tolltributlon s¢heme8 Charge to profit or loss io rwt of defjncd contribution scbemes 4.829 4.767 The charity opeT8l¢s a defmed contrl)tition pension schane for all qualifytng employtts. Th¢ a55ets of th¢ s¢h¢me are held separately from those of the charity in an Indedent]Y administered fund. 16 UnMtrirt¢d fuDds- deslgn*ted These are unrestricted fijnds which arc Mrial to the charitys activities. Atl September 2024 ID¢OIDIII8 At 31 August resources 2025 School Development Fund 6.000 6.000 During the year, the charity launched th¢ School Developmcnt Fund. Money will bc rnised by ftmd raisin8 and will be used for WO separale to the charity's day-to-day operations. inslead it will fund work focused on becoming an Independently Restered School in 2026. This will include the prep8r&tion of an Ofited r¢gistration, iu¢luding not limit to covering stsff costs, SUPPOrt and onsultsncy around the process. 17 Unrestrit¢ed funds The unrestricted fimds of the clAty compri8¢ the uttexpcnded balances of donations and gTants wbich are not subj¢¢t lo specific conditions by donors and grantors as to how they may be used. These include designated funds which have been sel aside out of unrestricted fun& by the tnlee9 foT specific purposes. Atl Incoming September resources 2024 R¢$ourte8 At 31 August ¢xpeDded 2025 General funds (21.467) 326239 (286.803) 17.969
SHEFFIELD ALTERNATtVE PROVISION FOR EDUCATIOIW4 LTD TIA SHAPED NOTES TO THE FllYANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 17 Unrestricted funds (Continued) Previou$ year. Atl Incomlnz September resourte4 Resources At 31 August expended 2024 2023 G¢n¢ral fimds (21.967) 303,990 (303.490) (21,467) 18 Analysls of nel assets b¢hveen funds Unr¢strlcted Unrestrlcted funds funds general de8ignAted 2025 2025 Total 2025 At 31 August 2025: Cuent asseLsl(liabilitie8} Long term liabilities 26,669 (8,71)0) 6.000 32,669 (8,700) 17,969 6,000 23,969 Unreytrlcted Unrestrlcted funds funds general deslgn4ted 2024 Totsl 2024 2024 At 31 August 2024: Tangible asscts Current ass¢L$l{liabilitie8) Long terni liabilities 247 (11,914) (9.800) 247 (11,914) (9.8W) (21.467) (21,467)
SHEFFIELD ALTERNATIVE PROVISION FOR EDUCATION LTD TIA SHAPED NOTES TO THE FINANCIAL STATEMEIYTS (CONTINUED) FOR THE YEAR EM)ED 31 AUGUST 2025 19 Related party traDS•Ctlons There were no disclosable related paty transactions dwin8 the year (2024: none). Remuneratlon of key man*g¢m¢nl pergonnel The remunerntion of key managemenl personnel was &q follows: 2025 2024 A8gregale compeDsatioD 64J15 61.669 -24-