Charity registration number SC029706 (Scotland)
Company registration number SC243220 (Scotland)
SISG ENTERPRISES LTD
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
SISG ENTERPRISES LTD
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Ms M Whiteside
Miss B Marr
Ms Elizabeth Kennedy
(Appointed 10 December 2024)
Charity number (Scotland)
SC029706
Company number
SC243220
Registered office
Suite 4
Beresford Court
6-8 Beresford Lane
Ayr
Ayrshire
United Kingdom
KA7 2DW
Independent examiner
Azets
3 Wellington Square
Ayr
Ayrshire
United Kingdom
KA7 1EN
SISG ENTERPRISES LTD
CONTENTS
Page
Trustees' report
1 - 5
Statement of trustees' responsibilities
6
Independent examiner's report
7
Statement of financial activities
8
Balance sheet
9
Statement of cash flows
10
Notes to the financial statements
11 - 20
SISG ENTERPRISES LTD
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 1 -

The trustees present their annual report and financial statements for the year ended 31 December 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's [governing document], the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and "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 main objectives of S.I.S.G. Enterprises Limited Charity is to provide the following FREE services:-

 

  1. To provide free practical and social help service for older people with hearing and sight loss

  2. To provide support for hearing aid users and those with sight loss and their families/carers

  3. To provide ongoing advice and signposting service

  4. To provide rehabilitation through skills training

  5. To provide education through sensory awareness training

  6. To recruit and train volunteers to assist within the local community – community help hubs, individuals in their own homes, sheltered housing, day care centres and care homes.

  7. To bring older people with hearing/sight loss out of isolation and increase their confidence and ability to communicate.

  8. To provide peer support groups / activity groups for those with sensory loss

 

SISG ENTERPRISES LTD
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
Achievements and performance

On 1st November 2020 SISG won the Tender to operate a 3 year contract with all three councils as follows, this was then extended until September 2024:-

 

Pan Ayrshire Hearing Support Service

 

Also in Feb 2022 we won 2 years funding from the Community Fund (Lottery) to operate the following project, so this continued until Feb 2024:-

 

Community Fund Project

 

Then in Feb 2024 we were funded for a new development project with the Community Fund (Lottery) to operate the following project:-

 

    Community Fund Project

 

We also operated the following projects during 2024:-

 

    The Alliance (Self Management Fund)

 

Wellbeing Fund (SA)

 

Henry Duncan Grant

 

Bank of Scotland Fund

 

 

 

SISG ENTERPRISES LTD
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -

 

Scottish Building Society

 

Awards For All Project

 

During 2024 the charity carried out a total of 15,224 Community Interventions which is more than the previous year, demonstrating the increasing demand for our services in the communities throughout North, South and East Ayrshire. We operated a total of 8 projects at any one time during the course of 2024.

 

SISG ENTERPRISES LTD
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
Financial review

The board of directors has reviewed the reserves of the charity. This review concluded that to allow the charity to be managed efficiently and to provide a buffer for uninterrupted services, a reserve is required to cover the timing of contributors’ grants.

 

The charity is committed to building up their reserves to safeguard the activities of the charity. At the end of 2024 the charity had £27,336 (2023 - £15,166) in unrestricted reserves and £13,250 (2023- £14,821) in restricted reserves. This is held so that if the charity has to fold there would be enough money to cover closure costs.

        

The results for the year and financial position are shown in the annexed financial statements.

In the opinion of the trustees, the state of the charity's affairs at the balance sheet date was satisfactory but they would like to see more reserves on hand to meet anticipated expenditures moving forward.

 

Future developments

We are delighted to report that after a further development funding application was submitted to the Community Fund we were granted a 2 years project to operate a project “Reducing Isolation/Loneliness, Improving Resilience for People with Sensory Loss” which commenced on the 15th February 2024.

 

Structure, governance and management

S.I.S.G. Enterprises Limited is a company limited by guarantee and a registered charity governed by its Memorandum and Articles of Association.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Ms M Whiteside
Miss B Marr
Mrs A D Barnaby
(Resigned 1 December 2024)
Mrs F C Brown
(Resigned 4 December 2024)
Ms Elizabeth Kennedy
(Appointed 10 December 2024)
Recruitment and appointment of new trustees

At each Annual General Meeting, the members may elect any member, providing they are willing, to be a Trustee. Also, at any time, the other Trustees may appoint any member wishing to be a Trustee.

At each Annual General Meeting all of the Trustees shall retire from office but shall then be eligible for re-election.

The maximum number of Trustees is eight with three constituting a quorum. At this years Annual General Meeting all the Trustees stood down, as required by the constitution, and offered themselves for re-election.

Organisational structure

The day-to-day management of the charity is delegated by the Trustees to the Chair and the Project Manager and the team of paid employees.

SISG ENTERPRISES LTD
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 5 -
Risk management

The trustees have a duty to identify and review the risk to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

 

The external risk of the charity relates largely to the continued support of the local authorities and other contributors. Internal risks are minimised by the implementation of procedures for authorisation of transactions and by the provision of a consistent quality of delivery for all operational aspects of the charitable company.

The trustees' report was approved by the Board of Trustees.

Ms M Whiteside
Trustee
Dated: 31 March 2025
SISG ENTERPRISES LTD
STATEMENT OF TRUSTEES' RESPONSIBILITIES  
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -

The trustees, who are also the directors of SISG Enterprises Ltd for the purpose of company law, are responsible for preparing the Trustees' Report 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 charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

 

In preparing these 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; and

 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

 

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

SISG ENTERPRISES LTD
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF SISG ENTERPRISES LTD
- 7 -

I report on the financial statements of the charity for the year ended 31 December 2024, which are set out on pages 8 to 20.

Respective responsibilities of trustees and examiner

The charity’s trustees, who are also the directors of SISG Enterprises Ltd for the purposes of company law, are responsible for the preparation of the financial statements in accordance with the terms of the Charities and Trustee Investments (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. The trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the 2006 Accounts Regulations does not apply. It is my responsibility to examine the financial statements as required under section 44(1)(c) of the Act and to state whether particular matters have come to my attention.

Basis of independent examiner's statement

My examination is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently I do not express an audit opinion on the view given by the financial statements.

Independent examiner's statement

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

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

to keep accounting records in accordance with section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and

(ii)

to prepare financial statements which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations;

have not been met or
(b)

to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.

Azets
3 Wellington Square
Ayr
Ayrshire
KA7 1EN
United Kingdom
Dated: 31 March 2025
SISG ENTERPRISES LTD
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
- 8 -
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2024
2024
2024
2023
2023
2023
Notes
£
£
£
£
£
£
Income from:
Donations and legacies
2
2,841
105,681
108,522
5,017
120,042
125,059
Investments
3
136
-
136
42
-
42
Total income
2,977
105,681
108,658
5,059
120,042
125,101
Expenditure on:
Charitable activities
4
692
97,367
98,059
609
111,798
112,407
Net incoming resources before transfers
2,285
8,314
10,599
4,450
8,244
12,694
Gross transfers between funds
9,885
(9,885)
-
5,336
(5,336)
-
Net income/(expenditure) for the year/
Net movement in funds
12,170
(1,571)
10,599
9,786
2,908
12,694
Fund balances at 1 January 2024
15,166
14,821
29,987
5,380
11,913
17,293
Fund balances at 31 December 2024
27,336
13,250
40,586
15,166
14,821
29,987

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.
SISG ENTERPRISES LTD
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 9 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
9
238
557
Current assets
Debtors
10
1,223
316
Cash at bank and in hand
42,588
33,717
43,811
34,033
Creditors: amounts falling due within one year
11
(3,463)
(4,603)
Net current assets
40,348
29,430
Total assets less current liabilities
40,586
29,987
Income funds
Restricted funds
12
13,250
14,821
Unrestricted funds
13
27,336
15,166
40,586
29,987

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2024.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

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

The financial statements were approved by the Trustees on 31 March 2025
Ms M Whiteside
Miss B Marr
Trustee
Trustee
Company registration number SC243220
SISG ENTERPRISES LTD
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 10 -
2024
2023
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
16
8,735
12,875
Investing activities
Investment income received
136
42
Net cash generated from investing activities
136
42
Net cash used in financing activities
-
-
Net increase in cash and cash equivalents
8,871
12,917
Cash and cash equivalents at beginning of year
33,717
20,800
Cash and cash equivalents at end of year
42,588
33,717
SISG ENTERPRISES LTD
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 11 -
1
Accounting policies
Charity information

SISG Enterprises Ltd is a private company limited by guarantee incorporated in Scotland. The registered office is Suite 4, Beresford Court, 6-8 Beresford Lane, AYR, Ayrshire, KA7 2DW, United Kingdom.

1.1
Accounting convention

The financial statements have been prepared in accordance with the charity's [governing document], the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended), FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.3
Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

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.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
SISG ENTERPRISES LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 12 -
1.4
Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

Trustees' expenses

 

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.

 

Irrecoverable VAT is charged against the category of resources expended for which it was incurred.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
- 33% reducing balance
Computer equipment
- 33% on cost

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 the statement of financial activities.

1.6
Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.7
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

SISG ENTERPRISES LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 13 -
1.8
Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods 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 not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.9
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.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

SISG ENTERPRISES LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 14 -
2
Donations and legacies
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2024
2024
2024
2023
2023
2023
£
£
£
£
£
£
Donations and gifts
2,256
-
2,256
3,498
-
3,498

Grants

-
105,681
105,681
-
120,042
120,042
Membership fees
585
-
585
1,519
-
1,519
2,841
105,681
108,522
5,017
120,042
125,059
Grants receivable for core activities
Community Fund
-
41,659
41,659
-
34,296
34,296
Bank Of Scotland Foundation
-
10,000
10,000
-
-
-
The Corra Foundation
-
7,000
7,000
-
7,000
7,000
Living Well Fund
-
5,997
5,997
-
23,926
23,926
Awards For All
-
-
-
-
5,320
5,320
Pan Ayrshire Councils (Contract)
-
37,125
37,125
-
49,500
49,500
South Ayrshire Council (Visual Loss Support)
-
2,060
2,060
-
-
-
-
1,840
1,840
-
-
-
-
105,681
105,681
-
120,042
120,042
SISG ENTERPRISES LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 15 -
3
Investments
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Interest receivable
136
42
4
Charitable activities

Charitable Expenditure

Charitable Expenditure

2024
2023
£
£
Staff costs
76,842
91,620
Depreciation and impairment
319
331

Sundries

1,900
1,953

Telephone

994
914

Postage, stationery & adv

3,643
2,729

Rent & rates

800
265

Heat & light

1,479
2,699

Insurance

294
281

Travelling expenses

5,611
4,377

Subscriptions

105
105

Computer expenses

1,046
1,404

Support costs

451
1,317

Bank charges

115
149
93,599
108,144
Share of governance costs (see note 5)
4,460
4,263
98,059
112,407
Analysis by fund
Unrestricted funds
692
609
Restricted funds
97,367
111,798
98,059
112,407
SISG ENTERPRISES LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 16 -
5
Support costs
Support costs
Governance costs
2024
2023
£
£
£
£
Payroll fees
-
1,352
1,352
1,305

Accountancy

-
3,108
3,108
2,958
-
4,460
4,460
4,263
Analysed between
Charitable activities
-
4,460
4,460
4,263
6
Trustees

There were no Trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.

Trustee's expenses

 

During the year, trustees were not reimbursed any travel expenses for the current or prior year.

7
Employees

The average monthly number of employees during the year was:

2024
2023
Number
Number
4
4
Employment costs
2024
2023
£
£
Wages and salaries
73,172
87,068
Social security costs
1,866
2,204
Other pension costs
1,804
2,348
76,842
91,620
There were no employees whose annual remuneration was more than £60,000.
8
Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

SISG ENTERPRISES LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 17 -
9
Tangible fixed assets
Fixtures and fittings
Computer equipment
Total
£
£
£
Cost
At 1 January 2024
2,021
2,314
4,335
At 31 December 2024
2,021
2,314
4,335
Depreciation and impairment
At 1 January 2024
1,985
1,793
3,778
Depreciation charged in the year
12
307
319
At 31 December 2024
1,997
2,100
4,097
Carrying amount
At 31 December 2024
24
214
238
At 31 December 2023
36
521
557

 

10
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
913
-
Prepayments and accrued income
310
316
1,223
316
11
Creditors: amounts falling due within one year
2024
2023
£
£
Other taxation and social security
-
1,482
Accruals and deferred income
3,463
3,121
3,463
4,603
SISG ENTERPRISES LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 18 -
12
Restricted funds
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
Movement in funds
Movement in funds
Balance at
1 January 2023
Incoming resources
Resources expended
Transfers
Balance at
1 January 2024
Incoming resources
Resources expended
Transfers
Balance at
31 December 2024
£
£
£
£
£
£
£
£
£
Restricted
11,913
120,042
(111,798)
(5,336)
14,821
105,681
(97,367)
(9,885)
13,250
13
Unrestricted funds

These are unrestricted funds which are material to the charity's activities made up as follows:

Movement in funds
Movement in funds
Balance at
1 January 2023

Incoming resources

Resources expended

Transfers

Balance at
1 January 2024

Incoming resources

Resources expended

Transfers

Balance at
31 December 2024
£
£
£
£
£
£
£
£
£
Unrestricted
29,063
6,154
(793)
29,044
15,166
2,977
692
9,885
27,336
SISG ENTERPRISES LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 19 -
14
Analysis of net assets between funds

Unrestricted funds

Restricted funds

Total

Unrestricted funds

Restricted funds

Total
2024
2024
2024
2023
2023
2023
£
£
£
£
£
£
Fund balances at 31 December 2024 are represented by:
Tangible assets
24
214
238
36
521
557
Current assets/(liabilities)
27,312
13,036
40,348
15,130
14,300
29,430
27,336
13,250
40,586
15,166
14,821
29,987
SISG ENTERPRISES LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 20 -
15
Related party transactions

There were no disclosable related party transactions during the year (2023 - none).

16
Cash generated from operations
2024
2023
£
£
Surplus for the year
10,599
12,694
Adjustments for:
Investment income recognised in statement of financial activities
(136)
(42)
Depreciation and impairment of tangible fixed assets
319
331
Movements in working capital:
(Increase) in debtors
(907)
(201)
(Decrease)/increase in creditors
(1,140)
93
Cash generated from operations
8,735
12,875
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