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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 2024

FOR

YES2VENTURES LIMITED

YES2VENTURES LIMITED






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024




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 19

YES2VENTURES LIMITED

REFERENCE AND ADMINISTRATIVE DETAILS
for the Year Ended 30 September 2024



TRUSTEES M O Powell
P C Davison (resigned 19.6.24)
T E O Fordham (appointed 22.5.24)
D W B Ware (appointed 19.6.24)
J D Le Corney (appointed 19.6.24)
I Livingstone (appointed 19.6.24)


COMPANY SECRETARY D W B Ware


REGISTERED OFFICE Neepsend House
Percy Street
Sheffield
S3 8BT


REGISTERED COMPANY
NUMBER
03694091 (England and Wales)


REGISTERED CHARITY
NUMBER
1159246


INDEPENDENT EXAMINER Hodgson & Oldfield
Aizlewood's Mill
Nursery Street
Sheffield
S3 8GG

YES2VENTURES LIMITED (REGISTERED NUMBER: 03694091)

REPORT OF THE TRUSTEES
for the Year Ended 30 September 2024


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 2024. 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.


YES2VENTURES LIMITED (REGISTERED NUMBER: 03694091)

REPORT OF THE TRUSTEES
for the Year Ended 30 September 2024

ACHIEVEMENTS AND PERFORMANCE
Yes2Ventures helps to establish, grow and support enterprises to create employment that give hope and purpose to the lives of many people at risk of social exclusion. For fourteen years, until 31st March 2024, the company operated a travel support enterprise to take more than one hundred and thirty people with learning disabilities and health-related issues regularly to where they want to go. Some twenty-five support workers, some employed by us and some self-employed, have been engaged in providing this much valued service.

In the first quarter of the year, on contract to Sheffield City Council, and funded in part by the European Social Fund, we continued to prepare disadvantaged job seekers for work and further education. As well as using traditional job finding methods - cv preparation, job search, interview practice, etc - we ran 'Positive Change' workshops to teach skills in arts and crafts, digital and screen printing, woodwork and in art and in non-vocational activities that build confidence and self-esteem.

A year ago, we reported that our founder Directors were minded to retire, and by the end of this accounting period, almost all activity has ceased. The Travel Support Enterprise had been taken on by Disability Sheffield, the workshops had become voluntary social groups, and the microbrewery had stopped brewing. The need to create employment and opportunities for adults who are distant from the labour market remained, so the charity has continued its central mission of advocating for the development of Social Firms and won a contract to do so after the year end. The cost of this transition has been facilitated by a grant from Sheffield City Council's Market Sustainability and Improvement Fund, which has given a new future to the departing enterprises and preserved the charity's core.

FINANCIAL REVIEW
Incoming resources for the year reflected the curtailing of some activities and the transfer of others and reduced to £309,205 (2023: £489,799) and resources expended matched the pattern of income at £295,944 (2023: £507,273) resulting in a net surplus for the year of £13,261 (2023: net deficit of £17,474). Grants from Sheffield City Council for the provision of employability services and social care amounted to £60,690 and other grants and donations totalled £28,451.

The balance on restricted funds at the year end date was £nil (2023: :£3,378). The balance on unrestricted funds at the year end date was £38,002 (2023:£21,363) and free reserves were £18,272..

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 revised and reduced modus operandi will increase the charity's 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.


YES2VENTURES LIMITED (REGISTERED NUMBER: 03694091)

REPORT OF THE TRUSTEES
for the Year Ended 30 September 2024

TRUSTEES
The trustees shown below have held office during the period from 1 October 2023 to the date of this report.

M O Powell
P C Davison (resigned 19.6.24)
T E O Fordham (appointed 22.5.24)
D W B Ware (appointed 19.6.24)
J D Le Corney (appointed 19.6.24)
I Livingstone (appointed 19.6.24)

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

-select suitable accounting policies and then apply them consistently;
-observe the methods and principles in the Charity SORP;
-make judgements and estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

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 31 July 2025 and signed on its behalf by:





M O Powell - Trustee

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 2024.

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
Aizlewood's Mill
Nursery Street
Sheffield
S3 8GG

31 July 2025

YES2VENTURES LIMITED

STATEMENT OF FINANCIAL ACTIVITIES
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)
for the Year Ended 30 September 2024

30.9.24 30.9.23
Unrestricted Restricted Total Total
funds funds funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 28,452 - 28,452 7,407

Charitable activities 3
Social establishment and support services 223,441 57,312 280,753 480,492

Other income - - - 1,900
Total 251,893 57,312 309,205 489,799

EXPENDITURE ON
Charitable activities 4
Social establishment and support services 235,254 60,690 295,944 507,273

NET INCOME/(EXPENDITURE) 16,639 (3,378 ) 13,261 (17,474 )


RECONCILIATION OF FUNDS
Total funds brought forward 21,363 3,378 24,741 42,215

TOTAL FUNDS CARRIED FORWARD 38,002 - 38,002 24,741

YES2VENTURES LIMITED (REGISTERED NUMBER: 03694091)

BALANCE SHEET
30 September 2024

30.9.24 30.9.23
Unrestricted Restricted Total Total
funds funds funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 10 19,730 - 19,730 39,011

CURRENT ASSETS
Debtors 11 30,673 - 30,673 57,770
Cash at bank and in hand 8,617 - 8,617 6
39,290 - 39,290 57,776

CREDITORS
Amounts falling due within one year 12 (21,018 ) - (21,018 ) (72,046 )

NET CURRENT ASSETS 18,272 - 18,272 (14,270 )

TOTAL ASSETS LESS CURRENT
LIABILITIES

38,002

-

38,002

24,741

NET ASSETS/(LIABILITIES) 38,002 - 38,002 24,741
FUNDS 14
Unrestricted funds 38,002 21,363
Restricted funds - 3,378
TOTAL FUNDS 38,002 24,741

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


YES2VENTURES LIMITED (REGISTERED NUMBER: 03694091)

BALANCE SHEET - continued
30 September 2024

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 31 July 2025 and were signed on its behalf by:





M O Powell - Trustee





D W B Ware - Trustee

YES2VENTURES LIMITED

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024

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.

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 exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

the requirements of Section 7 Statement of Cash Flows.

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.

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.

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

YES2VENTURES LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

1. ACCOUNTING POLICIES - continued

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
30.9.24 30.9.23
£    £   
Donations 28,452 2,417
Grants - 4,990
28,452 7,407

Grants received, included in the above, are as follows:

30.9.24 30.9.23
£    £   
Baily Thomas Charitable Trust - 4,490
Other grants - 500
- 4,990


YES2VENTURES LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

3. INCOME FROM CHARITABLE ACTIVITIES
30.9.24 30.9.23
Activity £    £   

Support services

Social establishment and support
services

216,535

359,583

Grants

Social establishment and support
services

60,690

104,178

Painting sales

Social establishment and support
services

-

3,104

Bar & food sales

Social establishment and support
services

3,528

13,569

Workshop sales

Social establishment and support
services

-

58
280,753 480,492

During the year, the travel support enterprise was taken over by Disability Sheffield however the charity is continuing its charitable activities in providing social establishment and support services.

Grants received, included in the above, are as follows:
30.9.24 30.9.23
£    £   
Sheffield City Council 60,690 104,178

4. CHARITABLE ACTIVITIES COSTS
Support
Direct costs (see
Costs note 5) Totals
£    £    £   
Social establishment and support
services

291,531

4,413

295,944


YES2VENTURES LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

5. SUPPORT COSTS
Governance
Finance Other costs Totals
£    £    £    £   
Social establishment and support
services

2,713

450

1,250

4,413


6. NET INCOME/(EXPENDITURE)

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

30.9.24 30.9.23
£    £   
Depreciation - owned assets 7,818 9,251
Other operating leases 10,890 11,398
Deficit on disposal of fixed assets 10,892 2,424
Pension costs 1,158 3,077
Independent examination fees 1,200 1,100
Rent 14,514 28,989

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 September 2024 nor for the year ended 30 September 2023.


Trustees' expenses

Trustees are reimbursed for reasonable travel and office expenses incurred.

8. STAFF COSTS
30.9.24 30.9.23
£    £   
Wages and salaries 136,075 269,695
Other pension costs 1,158 3,077
137,233 272,772

The average monthly number of employees during the year was as follows:

30.9.24 30.9.23
Social establishment & support services 12 25

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

The average monthly number of employees calculated on the basis of full time equivalents was 7 (2023: 14).

YES2VENTURES LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds funds funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 7,407 - 7,407

Charitable activities
Social establishment and support services 376,314 104,178 480,492

Other income 1,900 - 1,900
Total 385,621 104,178 489,799

EXPENDITURE ON
Charitable activities
Social establishment and support services 406,473 100,800 507,273

NET INCOME/(EXPENDITURE) (20,852 ) 3,378 (17,474 )


RECONCILIATION OF FUNDS
Total funds brought forward 42,215 - 42,215

TOTAL FUNDS CARRIED
FORWARD

21,363

3,378

24,741


YES2VENTURES LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

10. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 October 2023 69,030 2,300 71,330
Disposals (20,211 ) (300 ) (20,511 )
At 30 September 2024 48,819 2,000 50,819
DEPRECIATION
At 1 October 2023 31,878 441 32,319
Charge for year 7,415 403 7,818
Eliminated on disposal (8,992 ) (56 ) (9,048 )
At 30 September 2024 30,301 788 31,089
NET BOOK VALUE
At 30 September 2024 18,518 1,212 19,730
At 30 September 2023 37,152 1,859 39,011

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

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 30,301 52,372
Other debtors 372 2,020
Prepayments and accrued income - 3,378
30,673 57,770


YES2VENTURES LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts (see note 13) - 7,480
Other loans (see note 13) 12,511 49,200
Trade creditors 1,508 3,828
Social security and other taxes - 1,902
VAT 201 133
Other creditors 4,398 4,959
Accrued expenses 2,400 4,544
21,018 72,046

13. LOANS

An analysis of the maturity of loans is given below:

30.9.24 30.9.23
£    £   
Amounts falling due within one year on demand:
Bank overdrafts - 7,480
Other loans 12,511 49,200
12,511 56,680

Other loans consist of amounts loaned from individuals to assist the charity with cashflow.

14. MOVEMENT IN FUNDS
Net
At movement At
1.10.23 in funds 30.9.24
£    £    £   
Unrestricted funds
General fund 19,839 16,959 36,798
Designated fund 1,524 (320 ) 1,204
21,363 16,639 38,002
Restricted funds
Pathways to Success 3,378 (3,378 ) -

TOTAL FUNDS 24,741 13,261 38,002

YES2VENTURES LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

14. MOVEMENT IN FUNDS - continued

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 251,893 (234,934 ) 16,959
Designated fund - (320 ) (320 )
251,893 (235,254 ) 16,639
Restricted funds
Pathways to Success 9,672 (13,050 ) (3,378 )
Market Sustainability & Improvement
Fund

47,640

(47,640

)

-
57,312 (60,690 ) (3,378 )
TOTAL FUNDS 309,205 (295,944 ) 13,261


Comparatives for movement in funds

Net
At movement At
1.10.22 in funds 30.9.23
£    £    £   
Unrestricted funds
General fund 40,310 (20,471 ) 19,839
Designated fund 1,905 (381 ) 1,524
42,215 (20,852 ) 21,363
Restricted funds
Pathways to Success - 3,378 3,378

TOTAL FUNDS 42,215 (17,474 ) 24,741

YES2VENTURES LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

14. MOVEMENT IN FUNDS - continued

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 385,621 (406,092 ) (20,471 )
Designated fund - (381 ) (381 )
385,621 (406,473 ) (20,852 )
Restricted funds
Behaviour Change 22,500 (22,500 ) -
Pathways to Success 81,678 (78,300 ) 3,378
104,178 (100,800 ) 3,378
TOTAL FUNDS 489,799 (507,273 ) (17,474 )

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

Net
At movement At
1.10.22 in funds 30.9.24
£    £    £   
Unrestricted funds
General fund 40,310 (3,512 ) 36,798
Designated fund 1,905 (701 ) 1,204
42,215 (4,213 ) 38,002
TOTAL FUNDS 42,215 (4,213 ) 38,002

YES2VENTURES LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

14. 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:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 637,514 (641,026 ) (3,512 )
Designated fund - (701 ) (701 )
637,514 (641,727 ) (4,213 )
Restricted funds
Behaviour Change 22,500 (22,500 ) -
Pathways to Success 91,350 (91,350 ) -
Market Sustainability & Improvement
Fund

47,640

(47,640

)

-
161,490 (161,490 ) -
TOTAL FUNDS 799,004 (803,217 ) (4,213 )

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:

- a Market Sustainability and Improvement Fund grant from Sheffield City Council specifically for salary costs in adult care provision.
- a Pathways to Success grant from Sheffield City Council (part funded by the European Social Fund) specifically for salary costs.
- a Behaviour Change grant from Sheffield City Council (part funded by the European Social Fund).

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.


YES2VENTURES LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

15. 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 £1,158 (2023:£3,077).

16. RELATED PARTY DISCLOSURES

The following loans from related parties were outstanding at the year end date:
£

M PowellTrustee9,100
T FordhamTrustee411


17. ULTIMATE CONTROLLING PARTY

The company is controlled by the director trustees.

18. 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,
2) payment of the costs, charges and expenses of winding up, and
3) adjustment of the rights of contributories among themselves.