REGISTERED COMPANY NUMBER: 02701126 (England and Wales)

REGISTERED CHARITY NUMBER: 1011066

Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 31st March 2025

for

Loddon Social Enterprise Limited

Page

Report of the Trustees

1

to

3

Independent Examiner's Report

4

Statement of Financial Activities

5

Balance Sheet

6

to

7

Notes to the Financial Statements

8

to

13

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 31st March 2025. 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

Objectives and aims

The purpose of the charity is to provide work experience and training opportunities for people with special needs to help them develop their skills in a safe environment.

The Charity seeks to achieve this objective through the provision of a secure managed workshop environment that enables service users to gain experience and training in simple assembly tasks and also an understanding of working disciplines, time keeping, social skills, working in teams and communicating.

Significant activities

The main types of activities undertaken by the Service Users are simple assembly and packaging tasks. These opportunities are provided by several local manufacturers and suppliers, who do so on a sub-contract basis.

Social investments

The charity's activities benefit the public by assisting the rehabilitation and potential of employment of disabled persons in the community. The Trustees consider that this complies with their duty under section 4 of the 2006 Charities Act in regard to Charity Commission guidance on public benefit.

Volunteers

The charity does not use volunteer staff.

ACHIEVEMENT AND PERFORMANCE

Charitable Activities

The funding situation in the year produced an income of £144,138 (2024 - £133,649), which when added to the sales income of £28,425 (2024 - £25,680), interest of £20,588 (2024- £10,312) and donations and grant income of £550 (2023 - £500) gave a total income of £193,701 (2024 - £170,141) against a budget of £151,700.

The total expenditure of £178,807 was more than the budget of £168,000.

Overall the charity produced a surplus of £14,894 (2024 - £16,327) against a budgeted surplus of £700. No transfers have been made from the General Fund to the Premises Development Fund.

As a result of the year's activities the balance sheet shows an increase in the General Fund from £235,978 to £250,872 and no change in the restricted reserves remaining at £305,727.

Internal and external factors

Although the charity continues to be reliant on one customer there has been some success in widening the customer base and work on this continues.

FINANCIAL REVIEW

Review

The charity has had a further successful year operating under the new contract with Hampshire County Council (HCC) Adult Services, and we hope this successful financial performance will continue.

We need to acknowledge that the charity's success is due to the efforts and hard work of the Workshop Manager and staff.

Reserves policy

The Trustees policy is to maintain a level of reserves that cover the costs of winding up the charity and meeting the charity's future commitments. It is the trustees view that a major risk is the loss of funding income from HCC Adult Services. HCC like all local authorities are under continuing pressure to achieve savings as a result of reductions in central government funding. Should this search for savings result in a reduction in funding for services such as ours the charity would no longer be financially viable. The charity will therefore continue to build our reserves to address this possibility.

FUTURE PLANS

The charity will continue to seek more local companies to provide work for service users.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Structure

Loddon (Charitable Trust) Limited was incorporated as a company limited by guarantee on 27th March 1992, and was registered by the Charity Commission on 14th May 1992. The Charity is governed by its Memorandum and Articles of Association.

The company changed it's name on 28th March 2011 to Loddon Social Enterprise Limited.

Recruitment and appointment of new trustees

Trustees are nominated to the board from contacts in the local business community and from the founding companies of the trust.

Organisational structure

All day to day trading decisions are taken by the charity's staff, while policy decisions are taken by the board of trustees.

Induction and training of new trustees

All new trustees are trained in the business of the charity and the legal framework in which the charity operates.

Wider network

The charity is not part of a wider network

Related parties

The charity has no related parties

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

02701126 (England and Wales)

Registered Charity number

1011066

Registered office

9-10 Brunswick Place

Basingstoke

Hampshire

RG21 3NN

Trustees

D J Strawbridge

J Burt

A J S Paul

M T Leach

I F Hodgson

B J West

P J Verney

Company Secretary

Independent Examiner

Kevin Wheeler FCA

Wheeler & Co Ltd

Chartered Accountants

The Shrubbery

14 Church Street

Whitchurch

Hampshire

RG28 7AB

Solicitors

Phillips Solicitors incorporating Brain Chase Coles, Town Gate, 38 London Street, Basingstoke, RG21 7NY

Bankers

National Westminster Bank plc, 3 London Street, Basingstoke, RG21 7NS

ACKNOWLEDGEMENTS

The charity greatly appreciates the assistance with funding by Hampshire Social Services.

The charity also appreciates the continued custom of ITW and the membership of Ben West on the Council of Management.

Loddon continues to be well managed and thanks are due to Cathy Marshall, the Workshop Manager, and her team of assistants.

The Council of Management acknowledges the assistance received from Basingstoke & Deane Borough Council by way of exemption from business rates, and the nomination of a councillor to the Council of Management.

Approved by order of the board of trustees on 5th November 2025 and signed on its behalf by:

J Burt - Trustee

Independent examiner's report to the trustees of Loddon Social Enterprise Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st March 2025.

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

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.

Kevin Wheeler FCA

Wheeler & Co Ltd

Chartered Accountants

The Shrubbery

14 Church Street

Whitchurch

Hampshire

RG28 7AB

18th November 2025

31.3.25

31.3.24

Unrestricted

Restricted

Total

Total

fund

funds

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

2

550

-

550

500

Charitable activities

4

Employment of disabled persons

172,563

-

172,563

159,329

Investment income

3

20,588

-

20,588

10,312

Total

193,701

-

193,701

170,141

EXPENDITURE ON

Charitable activities

Employment of disabled persons

178,807

-

178,807

153,814

NET INCOME

14,894

-

14,894

16,327

RECONCILIATION OF FUNDS

Total funds brought forward

235,978

305,727

541,705

525,378

TOTAL FUNDS CARRIED FORWARD

250,872

305,727

556,599

541,705

31.3.25

31.3.24

Unrestricted

Restricted

Total

Total

fund

funds

funds

funds

Notes

£

£

£

£

CURRENT ASSETS

Debtors

10

23,013

-

23,013

46,311

Cash at bank and in hand

241,290

313,983

555,273

512,619

264,303

313,983

578,286

558,930

CREDITORS

Amounts falling due within one year

11

(13,431

)

(8,256

)

(21,687

)

(17,225

)

NET CURRENT ASSETS

250,872

305,727

556,599

541,705

TOTAL ASSETS LESS CURRENT LIABILITIES

250,872

305,727

556,599

541,705

NET ASSETS

250,872

305,727

556,599

541,705

FUNDS

12

Unrestricted funds

250,872

235,978

Restricted funds

305,727

305,727

TOTAL FUNDS

556,599

541,705

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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.

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 5th November 2025 and were signed on its behalf by:

J Burt - Trustee

A J S Paul - Trustee

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.

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.

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.

Allocation and apportionment of costs

All costs relate to the main activity of the charity.

Tangible fixed assets

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

Computer equipment

-

33% on cost

Taxation

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

Fund accounting

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

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

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.

2.	DONATIONS AND LEGACIES

31.3.25

31.3.24

£

£

Donations

550

500

3.	INVESTMENT INCOME

31.3.25

31.3.24

£

£

Interest receivable - trading

20,588

10,312

4.	INCOME FROM CHARITABLE ACTIVITIES

31.3.25

31.3.24

Activity

£

£

Local authority placement fees

Employment of disabled persons

144,138

133,649

Sub-assembly work

Employment of disabled persons

28,425

25,680

172,563

159,329

5.	SUPPORT COSTS

Governance

Management

Finance

costs

Totals

£

£

£

£

Employment of disabled persons

156,233

3,974

600

160,807

Support costs, included in the above, are as follows:

31.3.25

31.3.24

Employment

of

disabled

Total

persons

activities

£

£

Wages

104,946

86,681

Rent and services

29,336

26,627

Insurance

1,951

2,233

Light and heat

7,165

4,958

Telephone

542

222

Postage and stationery

511

271

Repairs and maintenance

3,958

5,753

Sundries

5,992

3,202

Cleaning

1,832

1,485

Treasurers retainer

3,700

3,725

Bank charges

274

247

Accountancy and legal fees

600

450

160,807

135,854

6.	NET INCOME/(EXPENDITURE)

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

31.3.25

31.3.24

£

£

Other operating leases

29,336

26,627

7.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31st March 2025 nor for the year ended 31st March 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31st March 2025 nor for the year ended 31st March 2024.

8.	STAFF COSTS

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

31.3.25

31.3.24

Supervisory staff (full time equivalent)

4

4

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

9.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1st April 2024 and 31st March 2025

355

DEPRECIATION

At 1st April 2024 and 31st March 2025

355

NET BOOK VALUE

At 31st March 2025

-

At 31st March 2024

-

10.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

3,182

36,770

Prepayments

19,831

9,541

23,013

46,311

11.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Social security and other taxes

3,750

2,465

VAT

6,831

3,458

Other creditors

8,256

8,256

Deferred income

315

315

Accrued expenses

2,535

2,731

21,687

17,225

12.	MOVEMENT IN FUNDS

Net

movement

At

At 1.4.24

in funds

31.3.25

£

£

£

Unrestricted funds

General fund

235,978

14,894

250,872

Restricted funds

Premises development fund

291,461

-

291,461

Covid 19 - Control Outbreak Management Fund

14,266

-

14,266

305,727

-

305,727

TOTAL FUNDS

541,705

14,894

556,599

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

193,701

(178,807

)

14,894

TOTAL FUNDS

193,701

(178,807

)

14,894

Comparatives for movement in funds

Net

movement

At

At 1.4.23

in funds

31.3.24

£

£

£

Unrestricted funds

General fund

219,651

16,327

235,978

Restricted funds

Premises development fund

291,461

-

291,461

Covid 19 - Control Outbreak Management Fund

14,266

-

14,266

305,727

-

305,727

TOTAL FUNDS

525,378

16,327

541,705

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

170,141

(153,814

)

16,327

TOTAL FUNDS

170,141

(153,814

)

16,327

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

Net

movement

At

At 1.4.23

in funds

31.3.25

£

£

£

Unrestricted funds

General fund

219,651

31,221

250,872

Restricted funds

Premises development fund

291,461

-

291,461

Covid 19 - Control Outbreak Management Fund

14,266

-

14,266

305,727

-

305,727

TOTAL FUNDS

525,378

31,221

556,599

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

363,842

(332,621

)

31,221

TOTAL FUNDS

363,842

(332,621

)

31,221

13.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31st March 2025.