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2022-03-31-accounts

HERTS YOUNG HOMELESS GROUP (hyh) (A Company Limited by Guarantee)

Report and Financial Statements Year ended 31 March 2022

Registered Charity No. 1069498 Company No. 3525558

Herts Young Homeless Group Year ended 31 March 2022

Reference and administrative details

Trustee Board and Board Officers

Chairman: Peter Holland
Vice Chairman: Carol Shutkever
Treasurer: Jason Hale resigned 31 March 2022
Tim Willies appointed 22 February 2022
Trustees and directors: Matthew Baxter
Ross Watkins
Jake White
Paul Groves
David Ball
Ruth Barnes
Gilmar Queiros Junior
Tim Willies appointed 22 February 2022
Company Secretary: Helen Elliott resigned 12 January 2022
Jonny Whitehead appointed 13 January 2022
Registered Office: 1st Floor, Gracemead House, Woods Avenue, Hatfield, Herts, AL10 8HX

Senior Management Team for 2021/22

Chief Executive Helen Elliott resigned 31 December 2021
Jonny Whitehead appointed 4 January 2022
Director of Services Sally Scott
Head of Fundraising and Communications Caroline Neill
Operations Manager Kirsty Harrison resigned 28 February 2022
Accountant Steffi Huntingford resigned 11 August 2022

Auditors, Bankers, and Legal Advisors

Auditor (External): Moore Kingston Smith LLP. 4 Victoria Square, St Albans, Herts, AL1 3TF Bankers: NatWest Plc, 10 St Peter's Street, St Albans, Herts, AL1 3LY

Additional relationships used during the year for banking and fixed term investment purposes:

Virgin Money, Jubilee House, Gosforth, Newcastle upon Tyne, NE3 4PL Close Brothers Ltd, 10 Crown Place, London, EC2A 4FT

United Trust Bank Ltd 80 Haymarket, London SW1Y 4TE

Shawbrook Bank, Lutea House, The Drive, Great Warley, Brentwood, Essex, CM13 3BE Nationwide Building Society, PO Box 3, 5-11 St. Georges Street, Douglas, Isle of Man, IM99 1AS British Isles Cambridge & Counties Bank Limited, Charnwood Court, 5B New Walk, Leicester, LE1 6TE Redwood Bank Ltd, Suite 101 The Nexus Building, Broadway, Letchworth Garden City, England, SG6 3TA

Herts Young Homeless Group Year ended 31 March 2022

Contents

Contents
Page
Report of the Trustees 1
Trustees' Responsibilities Statement 13
Independent Auditor's Report 14
Statement of Financial Activities 18
Balance Sheet 19
Statement of Cash Flows 20
Notes to the Financial Statements 21

CEO Report

I was thrilled to start as CEO in January 2022, joining a brilliant team and a very supportive Board of trustees. I had a great handover from my predecessor Helen Elliott who I want to pay tribute to for her leadership of Herts Young Homeless (hyh) over the previous five or so years. She left me a really strong legacy and, having been CEO for three quarters of 2021/22, most of this year’s annual report and accounts are a testament to Helen’s leadership.

Life for young people continues to be hugely challenging. The impact of the pandemic, especially on people’s mental health, and more recently, the ever-rising cost of living, have made it harder for many young people to thrive and build the independent life they want and deserve. As a result, hyh’s support, advice and education programmes have never been more needed.

I am immensely proud of the hard work and dedication of our staff and volunteers. They have responded amazingly to the challenges and the uncertainties that both the pandemic and the cost of living crisis have brought. The hyh team has continued to provide a full range of services to an excellent standard whilst also updating and improving what we do and the way we do it. They have continued to marry up passion and professionalism every step of the way.

I also want to pay tribute to our many partners. We could not have achieved the amazing results we did in 2021/22, on our own so thank you for walking alongside us and the young people we work with. There are hundreds of colleagues we have worked with last year in dozens of other brilliant charities and social enterprises, in the county council and the ten districts across Hertfordshire, schools, colleges and youth groups, and with partners and supporters in companies and businesses across the county. They have all helped us achieve the results we did last year.

2021/22 was a year of change for everyone at hyh:

Page 1

As noted in the Financial Review a number of one off factors during the year helped us finish the period in a strong financial position. This financial position means we are able to plan for the future and invest in our new strategy so that we can support more young people.One of my first tasks as CEO has been to lead the work on developing a new strategy for hyh. This work had been delayed until I arrived and since January has been, quite rightly, a big focus for the trustees as well as for our staff. We are reviewing our vision, mission and values as well as our longer term strategy and will finalise and launch those in autumn 2022.

Meanwhile, we are not standing still. We are building on our successes in 2021/22 with a series of new developments this year, including:

Finally I would like to thank Peter, Carol and the rest of the Board of Trustees for everything they do for hyh and for stewarding the charity over the difficult last few years. We have some great times ahead of us I’m sure.

Thank you for being part of our journey to improve the lives of young people facing homelessness in Hertfordshire!

Jonny Whitehead

Jonny Whitehead

Chief Executive Officer

Page 2

Chairman’s report

I feel very proud of what Herts Young Homeless has achieved in what has been yet another tough year for young people and their families.

Our staff have continued to deliver a range of excellent services across the early intervention, crisis support and independent living portfolios. I am especially delighted that we launched the new Future Roots house: many people have been involved in making this happen and I would like to thank Barry Stillerman for his vision and drive in helping us bring it to life.

We remain in a solid financial position as a charity which, given the uncertainty in the world around us, gives me great comfort. Meanwhile, the renewal of our contracts with Hertfordshire County Council gives us the long term stability from which we can grow, innovate and expand our services for young people and their families.

We now have a great platform from which to finalise and launch our new strategy for the coming few years and our plans to work with more young people and to do so in an ever-better way. These will build on the foundations we have been putting in place this year and should enable us to improve our digital offering, become more inclusive, continue to try out new approaches and services and, above all, see more young people involved in our organisation.

As ever I want to pay tribute to the dedication and commitment shown by my fellow Trustees. They have all focused on specific areas of hyh’s business and have given advice, guidance and support to the staff and volunteers in each area. I want to say thank you to Jason Hale who stepped down as Treasurer in March 2022 and to Gilmar Querios who left us in May 2022. Both of them made an important contribution to the charity and will be missed. I am delighted to welcome Tim Willies as our new Treasurer. Tim joined the Board in February and has made a huge impact already.

Finally, I would like to offer my thanks, and that of my fellow Trustees to the staff, volunteers and supporters of hyh without whom none of our amazing work would be possible.

Peter Holland

Peter Holland

Chairman and Trustee

Page 3

Vision, mission & values*

*we are excited to be launching our new vision, mission and values in late Summer/ early Autumn 2022. Please check back at hyh.org.uk for updates.

our vision is

preventing Hertfordshire’s homelessness together

our mission is

our values

we are professional

we are passionate

we are responsive

we are collaborative

Page 4

Our activities

Prevention and early intervention in 2021-22

Supporting young people and their families to enable the young person to remain living at home. Our services work to reduce the occurrence of youth homelessness in Hertfordshire.

Prevention and early intervention in 2021-22 Prevention and early intervention in 2021-22 Prevention and early intervention in 2021-22
Supporting young people and their families to enable the young person to remain
living at home. Our services work to reduce the occurrence of youth homelessness
in Hertfordshire.
Education funded by Local
Authorities offer face to face
and virtual sessions across
Hertfordshire to children of
secondary school age on
topics of homelessness,
leaving home, independent
living, managing conflict and
healthy relationships.		 95%of those educated said
that 'knew where to get help
and support if having
problems at home'
94%of those educated said
that they 'can now
recognise how their
behaviour may influence an
argument'		 8,669young people
educated
Homeless Hubfunded by
Hertfordshire County
Council (HCC) and working
in partnership with One
YMCA the Homeless Hub
acts as a “front door” to
homeless prevention
services in Hertfordshire,
working intensively with 16
& 17 year olds and their
families or carers to put in
place realistic and
achievable prevention
plans.		 100%of Young People in
Crashpad have a planned
resolution		 279 callswere received on
our advice line
91% were prevented from
needed to access Local
Authority Children
Services
80% were prevented from
making a homeless
application
OurTargeted Outreach
workeralso supported 39
individuals and their families
Mediation funded by The
Henry Smith Charity, our
mediators work with young
people and their parents,
carers or guardians to build
better relationships and
prevent family breakdown.		 89%of those supported
remained in the family home
67%reported being more
able to maintain positive
family relationships		 74U16s families supported
Mediation support was also
provided to the families of
those accessing our
Homeless Hub

Page 5

Crisis intervention Crisis intervention Crisis intervention
Providing crisis support at the time of need. Working alongside our partners
across Hertfordshire to offer fast and effective solutions to those threatened with or
experiencing homelessness
Our Health services support
service users with a range
of mental health needs. We
work to resolve housing
related matters and support
access to long-term
recovery for mental health
and substance misuse
problems.		 Funded by Children In
Need, ourDual Diagnosis
Family Link Worker
supports young people and
their families to access and
engage with our Mediation
service.		 55individuals supported
OurMental Healthand
Dual Diagnosis Outreach
workers, funded by HCC,
support young people and
their families whose
accommodation is at risk
due to mental health and/ or
substance misuse needs.		 65individuals supported

Page 6

Independent Living Support

Empowering individuals to make positive, informed choices, to live independently and to avoid rent arrears and other behavioural, health and social issues which often lead to tenancy failure.

Independent Living Support Independent Living Support Independent Living Support
Empowering individuals to make positive, informed choices, to live independently
and to avoid rent arrears and other behavioural, health and social issues which
often lead to tenancy failure.
Floating Supportfunded
by HCC and delivered in
partnership with Catalyst
Housing, we work with 18 to
24 years olds to provide
housing related advice and
guidance, co-ordinating
plans with relevant partner
agencies to ensure that all
support needs are met.		 Improvements in young
peopleas captured in hyh
staff reports:
•
100%managing
money and personal
administration
•
97%self-care and
living skills		 180individuals supported
OurIntensive Outreach
teamprovided additional
support to29young people.
We launchedFuture Roots,
our supported
accommodation project,
aiming to help young people
to achieve the social and
financial stability to live
independently.		 ‘’This is a home not a
house.’’		 We welcomed our first
housemate in January 2022.

Page 7

Financial Review

The charity recorded a surplus of £154,654 (2021: £211,074) against a budgeted loss of £63,968. This was driven by cost savings, particularly against our staff and travel budgets. We found recruitment difficult, reflecting challenges across the sector, which meant holding vacancies for longer than we usually would. We also made strategic decisions not to recruit into budgeted roles, demonstrating our desire to continually adapt and evolve our staff structure to deliver best value for money. We continued to save on travels costs as we adopted a hybrid working approach and experienced further temporary lockdowns. Included in the surplus is £64,746 recognised as income under the SORP, which was raised during the year for our Future Roots house. These funds will be spent over the next year as the house becomes fully operational.

Our Reserves Policy is to target free reserves between three to six months unrestricted total costs of charitable activities, plus closure costs which include staff redundancies. With the outcome of the tender for our two significant statutory contracts, Homeless Hub and Floating Support, still outstanding at the year end, it felt prudent to adopt a conservative position. We close the year ahead of our Reserves target - with free reserves of £478,810, designated funds of £141,459 and restricted funds of £82,272.

Having successfully secured both contracts since the year end, our new strategic plan for 2022-26 sets out clear areas for investment in the forthcoming years. It is our intention to bring our free Reserves back towards the mid-point of our Reserves threshold in this period.

Investment Powers & Policy

Funds are held in FCA registered UK banks covered by government guarantees. The charity continues to adopt a conservative investment policy that seeks to balance capital preservation and achieving an appropriate return.

Risk Management

The Trustees follow a risk management strategy which comprises:

We continue to use our risk register, which provides greater clarity about the risks and the mitigating controls and, where further action is required, the deadlines and responsibilities. Those actions are reviewed by the EMT, and Board sub committees.

Page 8

We currently identify the following risk areas as being most significant to our charity:

Key risk areas Mitigation
The macro environment has a
negative impact on our ability to
fundraise, our costs, demand for
our services and/or our ability to
remain cyber secure.		 •
Impact of global events and cost of living crisis being kept
under active review by EMT.
•
External relationships in place to be able to predict and
respond to any increased/changing demand from young
people and their families.
•
Business Continuity Plan in place.
•
Cyber security up to date and insurance in place.
•
Fundraising targets and landscape regularly reviewed by
Fundraising working group.
•
External impact on income and expenditure reviewed by
EMT, Finance Committee and Fundraising working group,
including sensitivity analysis of cost of living impact on
fundraising.
Cyber Fraud resulting in loss of
service, financial loss or
reputational damage		 •
IT and Security Access Policy in place.
•
Cyber essentials certificate compliance maintained
across IT infrastructure
•
Cyber Liability Insurance Policy in place with cover for up
to £250,000
Inadequate focus on the
importance of equality, diversity
and inclusion leading to lack of
diversity amongst staff team,
reduced ability to connect
effectively with diverse
communities in Herts, and
potential legal action and/or
reputational impact.		 •
Diversity and Inclusion Policy
•
Checklist included in Recruitment Policy
•
EDI group continue work to develop and implement
specific projects around e.g. data capture and monitoring,
data analysis to identify gaps in our coverage, staff
recruitment, trustee recruitment, staff training,
development of topic-specific expertise (eg neuro-
diversity, LGBTQ+ or gender identity).
Loss of Key Staff and inadequate
short term and long-term
succession plans leads to
significant disruption to the
leadership and management of
the charity.		 •
Succession planning
•
Documented processes and online records of current
activity of individual staff.
•
Agreed notice periods and handovers.
•
Strong EMT operating effectively and sharing knowledge.
•
Updated salarystructure for services teams.
Failure to attract and recruit right
staff with the right skills,
experience and attributes leads to
negative impact on our ability to
operate effectively, on team
morale and on managers' time.		 •
Agreed recruitment processes.
•
Agreed reference, vetting and qualification checking
procedures, job descriptions and contracts of
employment.
•
Agreed advertising process for new appointments with
use of most appropriate sites for both generic and
specialist skills sites.
•
Annual salary review process in place to ensure
competitive salaries.

Page 9

Structure

hyh is a registered charity and a company limited by guarantee, with its constitution set out in its Articles of Association.

Executive Management Team

A Chief Executive is appointed by the Trustees to manage the day-to-day operations of the charity. The Trustees oversee the pay, pension and benefits of the Chief Executive and Executive Management Team. Their remuneration is reviewed annually. All salaries are benchmarked against similar size charities.

The Board

The Board of Trustees comprises up to 12 members who are responsible for ensuring the charity is being well managed and operating within agreed policies, the law and its budget. The Board meets 5 times a year and delegates authority to sub-committees which meet more frequently to focus on the matters within their remit.

----- Start of picture text -----
Executive
Board Management Our teams Our services
Team
Advice & information
Governance Chief Executive Service staff &
Committee Officer volunteers
Outreach
Education
Finance Committee Director of Services HR, IT, Finance &
volunteers
Health
Mediation
Fundraising &
Fundraising Working Head of Fundraising & Communications &
Group Communications volunteers
Office Manager
Accountant
----- End of picture text -----

Trustees

Trustees are appointed by the Board for an initial 3 year term, which can then be extended by the Board for further 3 year periods.

Following a skills analysis of the Board, if gaps are identified, we seek appropriately skilled Trustees following our documented Trustee recruitment process. All new Trustees undergo an extensive induction program to ensure they understand their legal obligations, the charity Commission guidance on public benefit and governance, the content of the company’s Articles of Association, our committees and decision-making processes, our strategy and services and our recent financial performance.

Trustees are encouraged to attend appropriate internal and external training where these will facilitate the undertaking of their role.

Page 10

Related party relationships

None of our Trustees receive remuneration or other benefit for their work with the Charity. Trustees are required to disclose all relevant interests and withdraw from decisions where a conflict in interest arises.

Public benefit statement

The Trustees confirm that they have complied with the duty in the Charities Act 2011 to have due regard to the Charity Commission’s general guidance on public benefit. hyh’s objective is entirely focused on public benefit through the provision of support services, with the aim to reduce homelessness and make a lasting improvement to the quality of life for our service users.

Page 11

Future plans

New vision, mission and values and Strategy

We have so much to be proud of but our work is not yet done. Young people still face homelessness and we want to do more and reach more young people.

Which means we need to Be more ...

This means asking young people what they want us to do and setting up an ongoing youth participation mechanism.

This year we will invest in and pilot the use of an in-house counsellor as a way of addressing unmet mental health needs amongst our service users.

We launch our web chat for our Advice Line in Autumn this year.

Our EDI group continue work to develop and implement specific projects around data capture and monitoring, data analysis to identify gaps in our coverage, staff recruitment, trustee recruitment, staff training and development of topic-specific expertise (eg neuro-diversity, LGBTQ+ or gender identity).

We are excited to launch our new Strategy and vision for 2022-2026 later this year.

Page 12

Trustees’ responsibilities in relation to the financial statements

The Trustee Board is responsible for preparing the annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards.

Company law requires the charity Trustees to prepare financial statements for each 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 Charity for that period. In preparing the financial statements, the Trustees are required to:

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity 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 charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

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

Statement as to disclosure to our auditor

In so far as the Trustees are aware at the time of approving our Trustees’ annual report:

Auditor

Moore Kingston Smith were appointed as auditor in the year.

The report of the Trustee Board was approved by the Trustees on 28 September 2022 and signed on their behalf by:

Peter Holland

Peter Holland

Chairman and Trustee

Page 13

Herts Young Homeless Group Year ended 31 March 2022

Independent auditor's report to the members of Herts Young Homeless Group

Opinion

We have audited the financial statements of Herts Young Homeless (‘the company’) for the year ended 31 March 2022 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’ (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

· give a true and fair view of the state of the charitable company’s affairs as at 31 March 2021 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; · have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs(UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Page 14

Herts Young Homeless Group Year ended 31 March 2022

Independent auditor's report to the members of Herts Young Homeless Group

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

· the information given in the trustees’ annual report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

· the trustees’ annual report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ annual report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

· adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

· the financial statements are not in agreement with the accounting records and returns; or

· certain disclosures of trustees’ remuneration specified by law are not made; or

· we have not received all the information and explanations we require for our audit; or

· the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies exemption in preparing the Trustees’ Annual Report.

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement set out on page 1, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

As part of an audit in accordance with ISAs (UK) we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

· Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

Page 15

Herts Young Homeless Group Year ended 31 March 2022

Independent auditor's report to the members of Herts Young Homeless Group

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

The objectives of our audit in respect of fraud, are; to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses to those assessed risks; and to respond appropriately to instances of fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both management and those charged with governance of the charitable company.

Our approach was as follows:

Page 16

Herts Young Homeless Group Year ended 31 March 2022

Independent auditor's report to the members of Herts Young Homeless Group

· We inquired of management and those charged with governance as to any known instances of noncompliance or suspected non-compliance with laws and regulations.

· Based on this understanding, we designed specific appropriate audit procedures to identify instances of non-compliance with laws and regulations. This included making enquiries of management and those charged with governance and obtaining additional corroborative evidence as required.

There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to any party other than the charitable company and charitable company's members as a body, for our audit work, for

Silvia Vitiello (Senior Statutory Auditor)

for and on behalf of Moore Kingston Smith LLP 4 Victoria Square Date St Albans AL5 1RE

…………………………………….

Page 17

Herts Young Homeless Group

Statement of Financial Activities for the year ended 31 March 2022

Notes
Income and endowments from:
Donations and legacies
2a
Charitable activities
2b
Other trading activities
2c
Investments
2d
Other
2e
Total
Expenditure on:
Raising funds
3
Charitable Activities
3
Total
Net income/(expenditure)
Transfers between funds
Net movement in funds
Reconciliation of funds:
Total funds brought forward
11
Total funds carried forward
11		 Unrestricted
Funds
£
338,400
-
74,870
3,325
26,420
443,015
261,627
88,378
350,005
93,010
-
93,010
527,259
620,269		 Restricted
Funds
£
-
1,234,623
-
-
-
1,234,623
-
1,172,979
1,172,979
61,644
-
61,644
20,628
82,272		 Total
2022
£
338,400
1,234,623
74,870
3,325
26,420
1,677,638
261,627
1,261,357
1,522,984
154,654
-
154,654
547,887
702,541		 Unrestricted
Funds
£
425,875
-
49,460
4,039
17,900
497,274
206,578
76,821
283,399
213,875
-
213,875
313,384
527,259		 Restricted
Funds
£
-
1,151,517
-
-
1,760
1,153,277
-
1,156,078
1,156,078
(2,801)
-
(2,801)
23,429
20,628		 Total
2021
£
425,875
1,151,517
49,460
4,039
19,660
1,650,551
206,578
1,232,899
1,439,477
211,074
-
211,074
336,813
547,887

The charitable Company's income and expenditure all relates to continuing operations. The notes of pages 21 to 30 form part of these financial statements.

Page 18

Herts Young Homeless Group

Balance Sheet at 31 March 2022 Registered Charity No. 1069498 Company No. 3525558

Notes
Fixed assets:
Intangible assets
6
Tangible assets
7
Current assets:
Debtors
8
Short term investment
9
Cash and cash equivalents
9
Total current assets
Liabilities:
Creditors: Amounts falling
due within one year
10
Net current assets
Net assets
The funds of the Charity:
Unrestricted funds - general
11
Restricted funds
11
Total Charity funds		 31 March 2022
£
6,522
27,525
34,047
68,678
585,042
308,605
962,325
293,831
620,269
82,272		 31 March 2021
£
£
7,289
29,721
37,010
107,522
502,041
409,562
1,019,125
508,248
668,494
702,541
527,259
20,628
702,541		 £
510,877
547,887
547,887

These financial statements have been prepared with the special provision of part 15 of the Companies Act 2006 relating to small entities.

The accounts on pages 18 to 30 were approved and authorised for issue by the Board of Trustees on…………………………….and signed on their behalf by:

Peter Holland

Chairman and Trustee

Tim Willies

Treasurer and Trustee

The notes of pages 21 to 30 form part of these financial statements.

Page 19

Herts Young Homeless Group

Statement of Cash Flows for the year ended 31 March 2022

£
Cash flows from operating activities:
Net income for the year as per the
Statement of Financial Activities
154,654
Adjustments for:
Amortisation
767
Depreciation
15,845
Interest from investments
(3,325)
(Increase)/decrease in stocks
-
(Increase)/decrease in short term investments
(83,001)
(Increase)/decrease in debtors
38,844
Increase/(decrease) in creditors
(214,417)
Net cash generated from operating activities
Cash flows (used in)/generated from investing activities:
Purchase of intangible fixed assets
-
Purchase of tangible fixed assets
(13,649)
Interest from investments
3,325
Net cash used in investing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
2022		 £
£
£
211,074
384
14,543
(4,039)
1,392
(257,733)
12,034
180,404
(90,633)
158,059
(7,673)
(24,436)
4,039
(10,324)
(28,070)
(100,957)
129,989
409,562
279,573
308,605
409,562
2021

Page 20

Herts Young Homeless Group

Notes to the financial statements for the year ended 31 March 2022

1. Accounting policies

1.1 General information

hyh is a Company limited by guarantee, incorporated in England and Wales. The address of its registered office and principal place of business is disclosed in the Company information.

The principal activities are to provide a free county-wide service dealing with the problems of housing and homelessness by supplying specialist services for vulnerable, young people in Hertfordshire as well as services for adults who have mental health and housing issues.

The financial statements are presented in Sterling and this is the functional currency of the Charity.

1.2 Basis of preparation

The financial statements have been prepared on a historical cost convention and in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The company is a public benefit entity for the purposes of FRS 102 and a registered charity established as a company limited by guarantee and therefore has also prepared its financial statements in accordance with the Charities SORP FRS 102 (second edition - October 2019) - 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 and the Companies Act 2006 and Charities Act 2011.

1.3 Going concern

The financial statements are prepared on a going concern basis. The Trustees have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The Trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the Trustees have considered the charity's forecasts and projections and have taken account of pressures on fundraising events and other funding.

The Trustees have also considered the ongoing impact of the Covid-19 pandemic and measures taken in the UK. The charity has a strong cash and reserves position at the time of approval of these financial statements. Having made enquiries, the Trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue in operational existence for at least 12 months from the date of the audit report of these financial statements. Accordingly the charity therefore continues to adopt the going concern basis in preparing its financial statements.

1.4 Income

Grants, Project Funding, and large Single Donations have been treated as income in the year they have been earned or deferred to the accounting period in the year the service will be provided unless agreed by the donors. The Trustees consider phasing income adjustments to future periods in light of requests to or by funders where this is needed to phase contracted income in order to maintain service levels.

1.5 Expenditure

All expenditure and administration costs comprise direct expenditure, including direct staff costs attributable to the activity, together with central support costs which are expended in line with our charitable objectives. Where central support costs cannot be directly attributed to an activity, they are allocated on a basis using either direct hours percentage, an estimated time and effort percentage or the percentage of incoming grant funding for the activity to total grants.

1.6 Fund accounting

Unrestricted Funds are considered by the Trustees as funds coming into the Charity and held in reserves to provide for the services of the Charity. Restricted funds are considered by the Trustees to be funds that are granted to the Charity with certain additional requirements to provide specific charitable activities. Accounting for restricted activities is maintained separately to unrestricted funds, being reported separately to the commissioning bodies as required under the terms of the grant.

Page 21

Herts Young Homeless Group

Notes to the financial statements for the year ended 31 March 2022 (continued)

1. Accounting policies (continued)

1.7 Cash and cash equivalents

Cash and cash equivalents are cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

1.8 Investments

It is the Charity's policy to ensure that all funds are held in FCA registered banks and yield interest applicable to low risk cash investments.

1.9 VAT

The Charity is not registered for VAT. Irrecoverable VAT is included in the costs of the item to which it relates.

1.10 Fixed Assets including Office Furniture and Equipment

The Charity has introduced a capitalisation policy of £500 of individual assets and £500 for bulk purchases of similar assets where individual assets fall below the threshold.

Depreciation is provided at rates calculated to write each asset down to its estimated residual value over its expected useful life:

Fixtures and fittings: 3 years straight line basis Office equipment: 3 years straight line basis

1.11 Intangible Assets

The cost of migrating the Charity's IT systems to the cloud were considered a significant investment in the infrastructure of the Charity and have been capitalised as an intangible asset.

Intangible assets are stated as cost less accumulated amortisation.

Amortisation is charged so as write off the full cost, less any residual value, over the economic life of the asset at the following annual rates:

Cloud Migration: 10 years straight line basis

1.12 Pensions

The Charity provides staff with access to one current scheme (a historic scheme is also held) to which the Charity provides funding between 3% and 6%, depending on the contribution of the employee. From 1 October 2014 all new employees joined an auto enrolment compliant scheme in their first full month of employment if they met the eligibility conditions. These funds are paid over monthly to the service providers and held in the individual's name.

1.13 Creditors

The Charity seeks to pay all creditors within agreed credit terms.

1.14 Leased Assets

Rental applicable to operating leases, where substantially all benefits and risks of ownership remain with the lessor, are charged to the Statement of Financial Activities as incurred.

1.15 Governance Costs

Governance costs (include board expenses and audit fee) incurred are reported to comply with constitutional or statutory requirements of the Charity.

Page 22

Herts Young Homeless Group

Notes to the financial statements for the year ended 31 March 2022 (continued)

1. Accounting policies (continued)

1.16 Financial Instruments

The Charity only enters into basic financial instrument transactions that result in the recognition of financial assets such as trade and other debtors and short term investments (notice period not exceeding 3 months) and financial liabilities such as trade and other creditors. Basic financial instruments are initially recognised at transaction value and then subsequently measured at their settlement value.

1.17 Judgements in applying accounting policies and key sources of estimation uncertainty

Due to the nature of the charitable company's activities and financial statements, the Trustees do not consider there to be any significant judgements or sources of estimation uncertainty which could influence the reader's understanding of the financial statements.

Page 23

Herts Young Homeless Group

Notes to the financial statements for the year ended 31 March 2022 (continued)

2a. Donations income

Community Donations
Corporate Donations
Individual Giving
Grants and Trusts
2b. Charitable activities income
Client Grants
Homeless Hub
Floating Support
Intensive Outreach
Health
Rough Sleeping
Complex Needs Service
U16s Mediation
Tenancy Sustainment
Education
Live Life
Future Roots
2c. Other trading activities income
Fundraising Events
2d. Investment income
Bank interest received
2e. Other income
Sponsorship
Other
Government grants		 Unrestricted
funds
£
57,893
116,654
77,491
86,362
338,400
Unrestricted
funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
Unrestricted
funds
£
74,870
74,870
Unrestricted
funds
£
3,325
Unrestricted
funds
£
7,900
16,781
1,739		 Restricted
funds
£
-
-
-
-
-
Restricted
funds
£
1,524
390,088
266,693
73,326
101,548
76,873
-
64,725
10,000
83,715
42,235
123,896
1,234,623
Restricted
funds
£
-
-
Restricted
funds
£
-
Restricted
funds
£
-
-
-
-		 Total funds
Total funds
2022
2021
£
£
57,893
52,110
116,654
74,374
77,491
114,756
86,362
184,635
338,400
425,875
Total funds
Total funds
2022
2021
£
£
1,524
7,583
390,088
394,366
266,693
249,998
73,326
87,494
101,548
82,375
76,873
-
-
125,530
64,725
55,275
10,000
33,750
83,715
64,000
42,235
51,146
123,896
-
1,234,623
1,151,517
Total funds
Total funds
2022
2021
£
£
74,870
49,460
74,870
49,460
Total funds
Total funds
2022
2021
£
£
3,325
4,039
Total funds
Total funds
2022
2021
£
£
7,900
4,500
16,781
1,335
1,739
13,825
26,420
19,660
26,420

Page 24

Herts Young Homeless Group

Notes to the financial statements for the year ended 31 March 2022 (continued)

3. Expenditure

Raising funds
Charitable Activities
Homeless Hub
Floating Support
Intensive Outreach
Health
Complex Needs Service
Rough Sleeping
U16s Mediation
Tenancy Sustainment
Education
Live Life
Head office
Future Roots
Total expenditure		 Staff
costs
£
179,068
312,044
153,231
68,320
86,061
-
64,719
56,913
5,304
77,552
43,305
26,472
36,191
930,112
1,109,180		 Direct
costs
£
60,488
5,119
94,881
2,315
6,054
-
1,733
2,686
-
1,605
5,186
27,796
12,924
160,299
220,787		 Support
costs
£
22,071
70,725
20,978
2,691
10,833
-
10,574
5,826
4,696
12,333
-
24,321
7,969
170,946
193,017		 2022
Total
£
261,627
387,888
269,090
73,326
102,948
-
77,026
65,425
10,000
91,490
48,491
78,589
57,084
1,261,357
1,522,984		 2021
Total
£
206,578
391,915
250,814
83,241
82,375
125,530
-
55,275
30,751
64,800
48,075
100,123
-
1,232,899
1,439,477

Analysis of central support costs and overheads

Analysis of central support costs and overheads
Governance
Head Office staff
Information technology
Premises expenses
Legal and professional
Stationery, postage, telephone, equipment
Sundry costs
Depreciation		 2022
£
10,991
1,147
46,959
54,464
32,761
7,706
23,452
15,537
193,017		 2021
£
9,449
1,779
41,219
37,104
21,303
9,479
8,492
14,927
143,752

The basis of allocation was budgeted direct hours.

Governance costs comprise the audit fee and board expenses.

Page 25

Herts Young Homeless Group

Notes to the financial statements for the year ended 31 March 2022 (continued)

4. Net expenditure

Net expenditure is presented after charging:

Operating leases on land and buildings
Auditors' remuneration - audit
5. Employee costs
Analysis of staff costs, Trustee remuneration and expenses
Wages and salaries
Social security costs
Pension costs
Group Life Insurance Policy
Other costs		 2022
2021
£
£
18,750
18,360
8,514
8,820
2022
2021
£
955,856
941,873
73,454
72,867
48,681
50,112
5,911
5,196
25,278
29,383
1,109,180
1,099,432

During the year no employee earned remuneration in excess of £60,000 (2021: none).

1 member of staff received termination payment totalling £2,000.

hyh operates two contribution pension schemes; a stakeholder defined contribution scheme and an autoenrolment pension scheme. The assets of the scheme are held separately from those of the Charity in an independently administered funds. The pension cost charge represents contributions payable in the year by the Charity to the fund: total contributions amounted to £48,681 (2021: £50,112).

In the year, the Trustees received £0 remuneration (2021: £0) and £0 (2021: £0) reimbursement of expenses. The value of expenses waived by the Trustees is undisclosed as immaterial.

Remuneration totalling £207,835 (2021: £156,562) was paid to 6 members of key management personnel (2021: 4). This figure includes the outgoing, and incoming, Chief Executive Officer and the appointment of the Accountant to the Senior Management Team.

Average number of employees by activity

Generating funds
Charitable activities
Management and administration		 2022
2021
5
4
31
35
6
6
42
45

The equivalent full-time number of staff is 36 (2021: 38).

Page 26

Herts Young Homeless Group

Notes to the financial statements for the year ended 31 March 2022 (continued)

6. Intangible Assets

6. Intangible Assets
Software
£
Cost
At 1 April 2021
7,673
At 31 March 2022
7,673
Amortisation
At 1 April 2021
384
Charge for the year
767
At 31 March 2022
1,151
Net Book Value
At 31 March 2022
6,522
At 31 March 2021
7,289
7. Tangible fixed assets
Fixtures
Office
and fittings equipment
£
£
Cost
At 1 April 2021
-
61,956
Additions
12,894
755
Disposals
-
-
At 31 March 2022
12,894
62,711
Depreciation
At 1 April 2021
-
32,235
Charge for the year
1,075
14,770
At 31 March 2022
1,075
47,005
Net Book Value
At 31 March 2022
11,819
15,706
At 31 March 2021
-
29,721
8. Debtors
2022
£
Trade debtors
36,896
Other debtors
1,345
Prepayments
29,254
Accrued income
1,183
68,678		 Total
£
7,673
7,673
384
767
1,151
6,522
7,289
Total
£
61,956
13,649
-
75,605
32,235
15,845
48,080
27,525
29,721
2021
£
38,633
860
33,487
34,542
107,522

Page 27

Herts Young Homeless Group

Notes to the financial statements for the year ended 31 March 2022 (continued)

9. Short term investments and cash and cash equivalents

Short term investments:
Fixed notice accounts (notice not exceeding 3 months)
Cash and cash equivalents
10. Creditors - amounts falling due within one year
Trade creditors
Accruals
Deferred income
Sundry creditors
Social security and pension		 2022
£
585,042
308,605
2022
£
17,837
23,171
223,592
4,927
24,304
293,831		 2021
£
502,041
409,562
2021
£
22,587
13,336
444,870
1,335
26,120
508,248

Deferred income

Deferred income represents income received or invoiced during the year, in respect of future charitable activities taking place after 31 March 2022.

Deferred income Balance
Released
Deferred
Balance
1 April
in the year
in the year
31 March
2021
year
year
2022
£
£
£
£
444,870
(281,683)
60,405
223,592

11. Funds

Unrestricted funds
Designated funds:
Digital and data fund
Service continuity fund
EDI & environmental fund
Office refurbishment fund
Restricted funds
HCC
Charity Partnerships
Local Authorities
Henry Smith
Crouchfield Trust
Children In Need
Letchworth Heritage
Future Roots grants and donations
Restricted donations
General restricted grants
Total funds		 Balance
Movement in resources
Balance
1 April 2021
Income
Expenditure
Transfers 31 March 2022
£
£
£
£
£
407,259
443,015
(334,379)
(37,085)
478,810
35,000
-
(4,478)
4,478
35,000
75,000
-
(2,607)
2,607
75,000
10,000
-
(8,541)
1,459
-
-
-
30,000
30,000
-
527,259
443,015
(350,005)
-
620,269
4,252
393,339
(397,591)
-
-
-
393,450
(393,450)
-
-
-
80,629
(80,629)
-
-
-
64,725
(64,725)
-
-
2,450
38,632
(38,632)
-
2,450
-
32,618
(32,618)
-
-
2,999
10,000
(10,640)
-
2,359
-
123,896
(59,150)
-
64,746
-
59,150
(59,150)
-
-
10,927
38,184
(36,394)
-
12,717
-
20,628
1,234,623
(1,172,979)
-
82,272
547,887
1,677,638
(1,522,984)
-
702,541

Page 28

Herts Young Homeless Group

Notes to the financial statements for the year ended 31 March 2022 (continued)

11. Funds (continued)

Hertfordshire County Council (HCC)

We are contracted by HCC to provide our Floating Support service and Intensive Outreach support.

Charity Partnerships

We work in partnership with a number of local charities to deliver our services:

Local Authorities

We worked in partnership with Hertsmere Borough Council to support rough sleepers in the area.

Henry Smith

A grant from Henry Smith funds our U16 Mediation service.

Letchworth Garden City Heritage Foundation

Funding for our Tenancy Support Worker.

Children In Need

Funded by Children in Need, a Dual Diagnosis Worker supports families whose mental health needs and substance misuse issues are preventing them from utilising the mediation service.

Crouchfield Trust

Funding to enable Homeless Hub to proactively support families following a young person's return home.

Future Roots grants and donations

We have received donations to fund the running costs of our accommodation project, Future Roots.

General restricted grants

We have received a number of smaller grants to support specific elements of our service delivery for example: We received various grants to fund the workers supporting our Live Life members, including from The Valiant Trust, Nationwide and John Lewis.

12. Analysis of net assets between funds

Unrestricted
£
Fixed Assets
34,047
Current assets
Debtors
68,678
Short term investments
585,042
Cash and cash equivalents
226,333
Current liabilities
Falling due within one year
(293,831)
620,269		 Restricted
Total
£
£
-
34,047
-
68,678
-
585,042
82,272
308,605
-
(293,831)
82,272
702,541

Page 29

Herts Young Homeless Group

Notes to the financial statements for the year ended 31 March 2022 (continued)

13. Financial commitments

At 31 March 2022 Herts Young Homeless was committed to making the following payments under leases or contracts:

Leases on land and buildings which expire within:

1 year
2-5 years
more than 5 years		 At 31 March
2022
42,250
64,625
-
106,875		 At 31 March
2021
18,720
-
-
18,720

14. Share capital

The charitable Company is limited by guarantee with each of its members liable to contribute £1 in the event of it being wound up.

15. Pension commitments

The Charity operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Charity in an independently administered fund. The pension cost charge represents contributions payable by the Charity to the fund and amounted to £48,681 (2021: £50,112). Contributions totalling £6,103 (2021: £5,906) were payable to the fund at Balance Sheet date.

16. Related party transactions

There are no related party transactions that require disclosure.

17. Control

The Board of Trustees are deemed to be the controlling party.

18. Analysis of changes in net debt

18. Analysis of changes in net debt
£
Cash and cash equivalents
Cash
409,562
Overdrafts
-
Cash equivalents
502,041
911,603
Borrowings
Debt
-
-
Total
911,603
1 April 2021		 £
£
(100,957)
-
-
83,001
-
-
-
-
-
(17,956)
-
cash changes
Cash flows
Other non-		 £
308,605
-
585,042
31 March 2022
-
893,647

Page 30