Libre Digital

	Page
Company Information	1
Directors' Report	2—3
Accountants' Report	4
Income and Expenditure Account	5
Balance Sheet	6
Notes to the Financial Statements	7—8

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Libre Digital

Company No. 07210149

Directors' Report For The Year Ended 31 March 2025

Directors' Report

The directors present their report and the financial statements for the year ended 31 March 2025.

Principal Activity

The company's principal activity continues to be that of widening access to technology and information by and for

communities, increasing media literacy and digital inclusion.

Review of the Business

In Year 15, we have continued our focus on online delivery, following a successful grant application to The National Lottery Community Fund. All of this has been made possible with the continued support of Sheffield Town Trust, complemented by Magic Little Grants.

Having lost Jane Watkinson, a founding director then key worker, to ill health, founder Jay Baker has taken on several of her responsibilities but this was a challenge, so the organisation welcomed back Claire Watkinson to the board of directors, which has begun to explored potential changes to the organisation to ensure efficiency and sustainability, such as a transition to a co-operative model.

Projects

A summary of our projects this last year are as follows:

1) Sheffield Town Trust Subscription List (£1500 has been received from three annual payments of £500) – We were very thankful to be on the Sheffield Town Trust Subscription List for 3 years at the rate of £500 per year, with these annual subscriptions helping fund some of our core costs. This financial year we spent the third and final annual £500, with £420 of this going towards our accounts preparation, producing an accountants report, calculating and submitting our tax return to HMRC, and £80 towards Webarchitects for our web costs. The majority of our core costs are covered by restricted funding and therefore this grant from Sheffield Town Trust has helped reduce the pressure on the volunteers involved in running the organisation, especially regarding writing the applications to fund the core costs in time, and create more security. This has crucially meant that more time and resources have gone towards growing the organisation and our delivery in an attempt to become more sustainable – including growing our unrestricted reserves and income generation, including via our Friends of FreeTech Project membership programme and donations. This grant has helped support the invaluable outcomes we have achieved through running the other projects mentioned in this report, as it has helped ensure the organisation’s core costs are funded.

2) Magic Little Grant via Localgiving in partnership with the Postcode Neighbourhood Trust, FreeTech Project Core Costs (£500) – This grant was key to us continuing our operation, funding our annual core costs, covering accounts, insurance, telephony, and – in this financial year – printing costs, therefore helping ensure the running of our online tech workshops.

3) The National Lottery Community Fund, Awards for All, Tea & Tech (£19,838) – Through this grant, we are delivering Tea & Tech – levels 1, 2, and 3 – twice over two years, aimed at helping at least 60 predominantly older people, primarily in South Yorkshire, to use technology in ways that save time, money, and waste. This is based on previous participants’ feedback and input that was designed to shape Tea & Tech in the way they wanted: having “tech” and “tea” in the name to emphasise the relaxed approach to the workshops; registering once and then able to access any of the three levels as they feel appropriate; the levels running in a linear way, one after the other, with no stopping and starting as before when different grants could only support specific levels at different times; the branding and website of the FreeTech Project has been revamped to reflect this.

Partners

In this last year we have developed our connections and partnerships, including with:

Social Isolation and Loneliness Alliance, Doncaster Culture and Leisure Trust – our organisation is a member of this alliance with the lead facilitator maintaining regular dialogue with the lead contact at the alliance, who helps promote our activities as part of this.

Future Developments, Aims and Expansion

With funds secured to deliver “Tea & Tech” online workshops over two years, we look forwards to implementing relevant changes.

“Tea & Tech” will meet the requests of our beneficiaries by:

Having one learning programme, with one name: “Tea & Tech”

Providing three different levels, all running in a linear way, one after another

Emphasizing the relaxed environment of the workshops (hence the name)

...CONTINUED

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Libre Digital

Directors' Report (continued)

For The Year Ended 31 March 2025

Review of the Business - continued

We have also revise the branding of our core delivery through the FreeTech Project, including the website, with an emphasis on greater accessibility, complemented by better inclusivity for those joining our workshops from home – sometimes due to disability – with slides provided by email before workshops begin and Zoom captioning enabled.

In addition, some participants wanted friends and family to grow comfortable with video meetings but were outside of South Yorkshire, so we are relaxing our rules about eligibility to attend, though ensuring South Yorkshire residents receive priority on available spaces.

Conversations have begun about exploring ways to improve sustainability and efficiency, for example by eliminating the hierarchical distinction between the board of directors and those working on service delivery, and these discussions will be key to the organisation’s future.

Directors

The directors who held office during the year were as follows:

Reuben Clarke
Derek Hatton
Ka Man Shing
Claire Watkinson	Appointed	29/04/2024

Statement of Directors' Responsibilities

The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing the financial statements the directors are required to:

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

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Small Company Rules

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

On behalf of the board

Claire Watkinson

Director

03/12/2025

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Libre Digital

Accountants' Report

For The Year Ended 31 March 2025

Accountants' Report

Chartered Accountants' report to the directors on the preparation of the unaudited statutory accounts of Libre Digital for the year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Libre Digital for the year ended 31 March 2025 which comprise the Income and Expenditure Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the directors of Libre Digital , as a body, in accordance with the terms of our engagement letter dated 15 February 2023. Our work has been undertaken solely to prepare for your approval the accounts of Libre Digital and state those matters that we have agreed to state to the directors of Libre Digital , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Libre Digital and its directors, as a body, for our work or for this report.

It is your duty to ensure that Libre Digital has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Libre Digital . You consider that Libre Digital is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the accounts of Libre Digital . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

Signed

09/12/2025

Seven Hills Accountants Limited

Chartered Accountants

57 Burton Street

Sheffield

S6 2HH

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Libre Digital

Income and Expenditure Account

For The Year Ended 31 March 2025

Income and Expenditure Account

		2025	2024
	Notes	£	£
TURNOVER		9,797	11,316
Cost of sales		(5,336 )	(7,365 )

GROSS SURPLUS		4,461	3,951

Administrative expenses		(4,349 )	(3,922 )

OPERATING SURPLUS AND SURPLUS BEFORE TAXATION		112	29
Tax on Surplus		(21 )	(6 )

SURPLUS AFTER TAXATION BEING SURPLUS FOR THE FINANCIAL YEAR		91	23

The notes on pages 7 to 8 form part of these financial statements.

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Libre Digital

Balance Sheet

As At 31 March 2025

Balance Sheet

		2025		2024
	Notes	£	£	£	£
CURRENT ASSETS
Cash at bank and in hand		12,202		21,654

		12,202		21,654
Creditors: Amounts Falling Due Within One Year	4	(11,603 )		(9,546 )

NET CURRENT ASSETS (LIABILITIES)			599		12,108

TOTAL ASSETS LESS CURRENT LIABILITIES			599		12,108

Creditors: Amounts Falling Due After More Than One Year	5		-		(11,600 )

NET ASSETS			599		508

Income and Expenditure Account			599		508

MEMBERS' FUNDS			599		508

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

On behalf of the board

Claire Watkinson

Director

03/12/2025

The notes on pages 7 to 8 form part of these financial statements.

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Libre Digital

Notes to the Financial Statements

For The Year Ended 31 March 2025

Notes to the Financial Statements

1. General Information

Libre Digital is a private company, limited by guarantee, incorporated in England & Wales, registered number 07210149 . The registered office is Libre Digital, The Circle, 33 Rockingham Lane, Sheffield, S1 4FW.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

Other grants

Revenue from grants is accounted for when the organisation has entitlement to the funds, certainty of receipt and the amount can be measured with sufficient reliability. Grants given for a specific purpose are deferred where the expenditure falls into a later accounting period.

2.3. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable surplus. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable surplus will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable surplus will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in surplus or deficit for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

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Libre Digital

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Corporation tax	21	6
Accruals and deferred income	504	480
Other grants	11,078	9,060

	11,603	9,546

5. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Other grants	-	11,600

6. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

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