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 2025

FOR

YES2VENTURES LIMITED

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

TRUSTEES

M O Powell

T E O Fordham (resigned 2.12.25)

D W B Ware

J D Le Corney (resigned 17.7.25)

I Livingstone (resigned 17.7.25)

Ms E Garratt (appointed 2.12.25)

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

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 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

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.

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 2025, 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, brewing, woodwork and in art and in non-vocational activities that build confidence and self-esteem.

A new contract this year reflects our transition from an organisation that delivers to one that supports, The Travel Support Enterprise had been taken on by Disability Sheffield, the workshops have 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 remains, so the charity has returned to its central mission of advocating for the development of Social Firms The cost of this transition was facilitated by a grant from Sheffield City Council's Market Sustainability and Improvement Fund, and is now supported by the new contract with Sheffield City Council, using funds from The Department of Health.

FINANCIAL REVIEW

Income and expenditure is now very small, compared to previous years, and the organisation is debt free and maintains adequate reserves in preparation for future ventures.

Incoming resources for the year reflected the curtailing of some activities and the transfer of others and reduced to £73,159 (2024: £309,205) and resources expended matched the pattern of income at £70,957 (2024: £295,944) resulting in a net surplus for the year of £2,202 (2024: £13,261). Grants from Sheffield City Council for the provision of employability services and social care amounted to £65,786 and other grants and donations totalled £1,517.

The balance on restricted funds at the year end date was £nil (2024: :£nil). The balance on unrestricted funds at the year end date was £40,204 (2024: £38,002) and free reserves were £28,703.

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.

TRUSTEES

The director trustees shown below have held office during the period from 1 October 2024 to the date of this report.

M O Powell

T E O Fordham (resigned 2.12.25 to become Head of Social Firm Development)

D W B Ware (also Company Secretary since the company was founded)

J D Le Corney (resigned 17.7.25)

I Livingstone (resigned 17.7.25)

E Garratt (appointed after the year end on 2.12.25)

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. Under that law, the trustees 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 trustees 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 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 Charities 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 19 June 2026 and signed on its behalf by:

M O Powell - Trustee

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 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.

S C Fields

Hodgson & Oldfield

Aizlewood's Mill

Nursery Street

Sheffield

S3 8GG

19 June 2026

30.9.25

30.9.24

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

2

1,517

-

1,517

28,452

Charitable activities

3

Social establishment and support services

71,441

-

71,441

280,753

Other income

201

-

201

-

Total

73,159

-

73,159

309,205

EXPENDITURE ON

Charitable activities

4

Social establishment and support services

70,957

-

70,957

295,944

NET INCOME

2,202

-

2,202

13,261

RECONCILIATION OF FUNDS

Total funds brought forward

38,002

-

38,002

24,741

TOTAL FUNDS CARRIED FORWARD

40,204

-

40,204

38,002

30.9.25

30.9.24

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

Notes

£

£

£

£

FIXED ASSETS

Tangible assets

10

11,501

-

11,501

19,730

CURRENT ASSETS

Debtors

11

22,958

-

22,958

30,673

Cash at bank and in hand

18,489

-

18,489

8,617

41,447

-

41,447

39,290

CREDITORS

Amounts falling due within one year

12

(12,744

)

-

(12,744

)

(21,018

)

NET CURRENT ASSETS

28,703

-

28,703

18,272

TOTAL ASSETS LESS CURRENT LIABILITIES

40,204

-

40,204

38,002

NET ASSETS

40,204

-

40,204

38,002

FUNDS

14

Unrestricted funds

40,204

38,002

TOTAL FUNDS

40,204

38,002

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 19 June 2026 and were signed on its behalf by:

M O Powell - Trustee

D W B Ware - 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.

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 £400 are not capitalised.

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.

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

30.9.25

30.9.24

£

£

Donations

1,517

28,452

3.	INCOME FROM CHARITABLE ACTIVITIES

30.9.25

30.9.24

Activity

£

£

Support services

Social establishment and support services

5,200

216,535

Grants

Social establishment and support services

65,786

60,690

Bar & food sales

Social establishment and support services

-

3,528

Workshop sales

Social establishment and support services

455

-

71,441

280,753

During the previous 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:

30.9.25

30.9.24

£

£

Sheffield City Council

65,786

60,690

4.	CHARITABLE ACTIVITIES COSTS

Support

Direct

costs (see

Costs

note 5)

Totals

£

£

£

Social establishment and support services

67,854

3,103

70,957

5.	SUPPORT COSTS

Governance

Finance

Other

costs

Totals

£

£

£

£

Social establishment and support services

1,121

199

1,783

3,103

6.	NET INCOME/(EXPENDITURE)

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

30.9.25

30.9.24

£

£

Depreciation - owned assets

2,866

7,818

Other operating leases

27

10,890

Deficit on disposal of fixed assets

5,469

10,892

Pension costs

432

1,158

Independent examination fees

1,333

1,200

Rent

5,822

14,514

7.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 September 2025 nor for the year ended 30 September 2024.

Trustees' expenses

Trustees are reimbursed for reasonable travel and office expenses incurred.

8.	STAFF COSTS

30.9.25

30.9.24

£

£

Wages and salaries

19,234

136,075

Other pension costs

432

1,158

19,666

137,233

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

30.9.25

30.9.24

Social establishment & support services

1

12

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

The average monthly number of employees calculated on the basis of full time equivalents was nil (2024: 7).

9.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

funds

funds

funds

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

28,452

-

28,452

Charitable activities

Social establishment and support services

223,441

57,312

280,753

Total

251,893

57,312

309,205

EXPENDITURE ON

Charitable activities

Social establishment and support services

235,254

60,690

295,944

NET INCOME/(EXPENDITURE)

16,639

(3,378

)

13,261

RECONCILIATION OF FUNDS

Total funds brought forward

21,363

3,378

24,741

TOTAL FUNDS CARRIED FORWARD

38,002

-

38,002

10.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 October 2024

48,819

2,000

50,819

Additions

486

-

486

Disposals

(20,464

)

(2,000

)

(22,464

)

At 30 September 2025

28,841

-

28,841

DEPRECIATION

At 1 October 2024

30,301

788

31,089

Charge for year

2,866

-

2,866

Eliminated on disposal

(15,827

)

(788

)

(16,615

)

At 30 September 2025

17,340

-

17,340

NET BOOK VALUE

At 30 September 2025

11,501

-

11,501

At 30 September 2024

18,518

1,212

19,730

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

11.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Trade debtors

22,958

30,301

Other debtors

-

372

22,958

30,673

12.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Other loans (see note 13)

6,100

12,511

Trade creditors

-

1,508

VAT

900

201

Other creditors

2,298

4,398

Accrued expenses

3,446

2,400

12,744

21,018

13.

LOANS

An analysis of the maturity of loans is given below:

30.9.25

30.9.24

£

£

Amounts falling due within one year on demand:

Other loans

6,100

12,511

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

14.	MOVEMENT IN FUNDS

Net

At

movement

At

1.10.24

in funds

30.9.25

£

£

£

Unrestricted funds

General fund

36,798

2,522

39,320

Designated fund

1,204

(320

)

884

38,002

2,202

40,204

TOTAL FUNDS

38,002

2,202

40,204

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

73,159

(70,637

)

2,522

Designated fund

-

(320

)

(320

)

73,159

(70,957

)

2,202

TOTAL FUNDS

73,159

(70,957

)

2,202

Comparatives for 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

Comparative 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

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

Net

At

movement

At

1.10.23

in funds

30.9.25

£

£

£

Unrestricted funds

General fund

19,839

19,481

39,320

Designated fund

1,524

(640

)

884

21,363

18,841

40,204

Restricted funds

Pathways to Success

3,378

(3,378

)

-

TOTAL FUNDS

24,741

15,463

40,204