Herts Young Homeless HERTS YOUNG HOMELESS GROUP (hyh) (A Company Llmlted by Guarantee) Report and Flnanclal Statements Year ended 31 March 2025 Registered Charity No. 1069498 Company No. 3525558
Herts Young Homeless Group Year ended 31 March 2025 Releronco and admlnistratlve detalls Trustee Board and Board Officorn Chalmian: Petsr Holland Vlco Chalrnian: Carol ShuU(ever Troa8urer: Tim Willies Trust•e8 and dlroctors: Mathew Baxter Ross Watklns Jake White Paul Groves David Ball Ruth Barne8 Sarah Mllsom Company Secrotary: Jonny Whitehead Regl•torgd Offi. 1 st Floor, Gracem8ad House, Woods Avenue, Haffield, Herts, AL10 8HX Sonlor Managom•nt Team for 2024125 Chl•f Exocutlvo Jonny Whltehead H•ad of Sorvlc•s Mlka Saha Head of Fundral8lng and Communlcatlon8 Carollne Nell and Tamora Burford Operatlons Manag•r Vacant Flnanco Managor Paul Boty Audftors, Bankers, and Logal Advlsors Audltor (Ext•rnal): Moore Klngston Smith LLP, 4 Victoria Square, St Albans, Herts, AL13TF Bank•r•: Natwest Plc, 10 St Peterfs Street, St Albans, Herts. AL13LY Addltlonal r•latlonshlps us•d durlng the year for banklng and flxed temi Investment puTro$fjs: Virgin Money, Jubilee House, Gosforth. Newcastle upon Tyne, NE3 4PL Close Brothers Ltd, 10 Crown Place, London. EC2A 4FT Shawbrook Bank, Lutea House. The Drive, Great Warl6y, Brentrwood. Essex, CM13 3BE Nationwide Building Society, PO Box 3, 5-11 St. Georges Street, Douglas, Isle of Man, IM99 1AS Brltlsh Isles Cambridge & Counties Bank Limited. Chamvmd Court, 5B New Walk. Le1$ter. LE16TE Redwood Bank Ltd. Suite 101 The Nexus Bulldlng. Broadway. Letchworth Garden City, England, SG6 3TA
Herts Young Homeless Group Year ended 31 March 2025 Contents Page Report of the Truste8S Trusleès, Responsibililies Stat&ment 12 Independent Audilorfs Report 13 Slatement of Financial Activities 17 Balance Sheet 18 Statamenl of Cash Flows 19 Notes to the Financial Statements 20
Report of the Trustees CEO Report We worked with over 16,000 young people during the year and made a real difference to the lives of so many of them. Youth homelessness grew by 18./0 in Hertfordshire last year so we know we need to rise to that challenge and I'm really proud of the whole team for having done so. Our education team were awarded the national PSHE Education Award by Children and Young People Now in November. This was a testament to the whole team but particularly to the vision of our Early Intervention Manager, Laura Stewart, who has led the programme ever since she set it up 17 years ago. Meanwhile, our education team had a bumper year, teaching 15.428 young people about homelessness, independent living, Gonflict rasolutlon, healthy relationships and anger management. We saw a steady growth in the number of young people r8celving advlce and support across our services. We know ifs not just about quantity though. Which is why it's so heartening to see such strong outcomes: the quality of our services is something we can be proud of. For example, 93¥0 of young people accessing our under-16s mediation serrfice either returned to, or remained in, the family home. We are now entering the final year of our current strategy and I'm dellghted that our newly- appointed Youth Advisory Board will help us decide what we do over the next few years. They have really brought to life our ambition to be more youth-led. We couldn't do what we do without the backing of a huge number of supporters; people who donate their time andlor their money. We have a growing number of volunteers helping us in the office and out in the community. l am hugely grateful to them for their support. l also want to thank everyone who has been so generous with their financial support for hyh. We rely on hundreds of individual donors, local businesses, a myriad of communlty groups and a number of grant-giving trusts and foundations. All of them play 8 central role in what we do. Many of our supporters came together for our StAlbans Sleepout In November which is our iconic annual event. This year w& raised over £40,000 to support our work. As we look to the future, we recognise that hyh and all of our partners, not least Hertfordshire County Council, with whom we work so closely, will be facing much change. We are confidenl that we are in a good position to deliver excellent services to young people and families who need support and we are committed to working in partnership with existing and new partners to help prevent youth homelessness in Hertfordshire. I would like to thank every single member of staff, all of our volunteers and our fantastlc Board of Trustees. Our excellent team enable the charity to deliver the very highest standard of support to young people and families who urgently need us. Jonny Whltehead, Chief Executive Officer Page I
Chairman's Report We have had a good year and the charity is going from strength to strength. We are in a healthy financial position and I'm hugely grateful to all our funders, commissioners, donors and partners without whom we would not be here, Their generosity and their commitment to funding quality services is something I find humbling. It was very moving to hear two of the young people we work with speak so eloquently at our gala dinner. They spoke about the challenges they'd faced, the role hyh had played in improving their lives, their current successes and future ambitions. Genuinely, the whole room was moved by their stories and it reminded us all of the difference that hyh mak8S throughout the year. l am really pleased to see that the Board's decision in 2023 to invest in our staff paid off in 2024125 with a much higher retention rate, particularly amongst our skilled frontline teams. l am always impressed with how much the whole team lives and breathes our values: open, expert and big-hearted. The team is what makes hyh so effective so thank you to all our staff and volunteers. Finally, I would like to thank my fellow Trustees. I was delighted that four Trustees were appointed for another term during the year. We have changes to come in 2025126 but the skills, knowledge, experience and good humour of my fellow trustees really does stand us in good stead. Peter Holland Chairman and Trustee Page 2
Vision, mission & values Our vision Every young person has a safe home from which they can grow and thrive. Our mission To break the cycle of youth homelessness in Hertfordshire through education, advice and support for young people and their families. Our values Open We are purposefully inclusive; we pledge to reach out to young people in our local communities, their families, and service partners to design solutions together. Expert We run services based on the evidence of what works; we pledge to innovate, to create new ways to tackle youth homelessness and share what we leam. Big-hearted We are all passionate about tuming around young people's lives; we pledge to put good outcomes for young people at the centre of all we do. Page 3
Our strategy Our Strategic Priorities By 2026, Herts Young Homeless will support more young people and their families across Hertfordshire to reduce family conflict and prevent homelessness, achieving more positive outcomes. To achieve our ambition to connect with 40,000 young people by 2026 we will Be more... 1. Youth-led In order to stay relevant, accessible and attractive, we will listen to young people's experiences and involve them in continuing to develop and improve all of our services. 2. Innovative We will constantly evolve and proactively adapt the way we work. 3. Digital We will invest in technology and digital solutions to improve everything we do. 4. Inclusive Our people will feel included and valued. We will embed Equality, Diversity and Inclusion (EDI) across all areas of our organization. Overview of uur work Preventionliarly Ini¢rventio Ind¢péndent Living SuF)port rryh Famty LknkWth•i 5emc• 18+ Llne F•Taty Fthut•Rwis Counselling and Youth Engagement Prevention Crisis Intervention EdLtstlon Som(• hyhtr nyhtsJ Lir* Vlthfjr Page 4
2024125 Highlights 1. Our Youth Advisory Board was established with 11 young people aged 16-24. 2. Our education service won Children and Young People Now national PHSE Education Award. 3. We were finalists in the Inspiring Herts awards for workplace wellbeing. 4. We were delighted to receive support from new funders including Lady Margaret Paterson Osborn Trust and The Cherry Family Foundation. 5. Our team achieved consistently high outcomes for the young people they worked with. on average Page 5
Progress on our strategic priorities We made good progress with all four of our strategic objectives 1. Be more youth-led Our youth engagement work took off. By the end of the year we had: Established a Youth Advisory Board with eleven talented young people aged 16-24 bringing a diverse range of experiences Recruited two enthusiastic young trustees (under 30) to our Board Benefitted from the insights of work experience students Improved our digital communications thanks to input from our first Youth Summit 2. Be more innovative Across our teams, we constantly look for ways to improve what we do and how we do it. Innovations included: Refining our Future Roots house with more structured support for the housemates via ASDAN qualifications and improvements to our rent management, staffing and referral criteria Seeking a second Future Roots house and scoping plans with potential partners Reaching out to the most disadvantaged young people by targeting schools with high levels of pupil premium students 3. Be more digital We finalised and implemented a digital roadmap that we began in 2024: We made improvements to our internal systems, including our HR platform, and to our extemal digital engagement, most notably the launch of our Live Chat service for 18-24 year olds Led by our Digital Developments Group we turned our attention to Al and how to make best use of it. We tested, and upskilled ourselves on a range of Al tools, including those designed to improve productivity and communications Page 6
Progress on our strategic priorities continued 4. Be more inclusive We invested significantly in training and supporting our hyh team in equity, diversity and inclusion (EDI). As a result we: Conducted a baseline survey all of our staff on EDI and used the results to develop an Action Plan for improvements Introduced quarterly surveys with our team to track progress and identify further areas for improvement Trained all staff in the basics of inclusion, ran b8spok8 inclusion training for all people managers and commissioned bespoke sessions on race, ethnicity and homelessness. Th8 training was delivered by young people with lived experience • Strengthened the knowledge and engagement at Board level, with two Trustees now taking a lead role on EDI Meanwhile, we recognise that many of the young people we work with face discrimination and inequity in their lives. Our Inclusion Group identified this as a focus area and we began that work with a whole team workshop at the end of the year Page 7
Financial Review For 202412025 hyh recorded a deficit of £19,158 (2024 deficit £18,922) against a budgeted loss of £110,829. The improvement compared to budget was driven by increased fundraising activities and highar accommodation income. Accommodation costs associated with the Future Roots house were up on last year and budget, but were matched by the increase in accommodation income received. The staff recruitment and ret8ntion policy started in December 2023 has borne fruit with a much more stable workforce this year. The full time equivalent staff numb8r for 2024125 is 42 compared to 2023124 of 36. The consequence of this is increased staff cost, but this has enabled us to deliver improved services to our end users. Our Reserves Policy is to maintain free reserves between three to six months, total cost of charitable activities. plus closure costs which include staff redundancies in line with standard practice in the charity sector. This is recalculated every year. This year we closed within our policy at just under 6 months of free reserves. We closed with free reserves of £496,558, designated funds of £153,609 (which includes a service continuity reserve of £100,000) and restricted funds of £103,462 which includes £83,281 on the Future Roots Project, We have continued with the 2022-26 strategic plan, and in 2025-26 we will develop the new strategic plan for 2026-2030. Investment Powers & Pollcy Funds are held in FCA registered UK banks covered by govemment guarantees. The charity continues to adopt a conservative investment policy that seeks to balance capital preservation and achieving an appropriate return. Rlsk Management The Trustees follow a risk management strategy which comprises: Consideration of any heightened or new risks to the organisation at each Board meeting Determining and reviewing the risk appetite of the organisation The establishment of polices, systems and procedures to mitigate those risks identified The implementation of procedures designed to minimise or manage any potential impact on the charity should those risks materialise The maintenance of a risk register and an annual Board review of the principal risks and uncertainties that the charity faces Appointment of a Lead Trustee on risk. We continue to use our risk regist8r, 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 Senior Leadership Team {SLT), and Board sub committees. Page 8
We currently identfy the following risk areas as being most significant to our charity: rlsk arnas Mftl atlons In laco Staff Updated recruitment processes in place covering Unable to attract, and recruit staff with all stages. the right skills, experience and Annual salary review process to ensure attrlbutes. competitive salaries. Failure to retain staff given the Package of support available for staff including increasing levels of trauma amongst Employee Assistance Programme, clinical the young people we work with. supervision and time off for counselling if Office environment restricts our ability appropriatelrelevant. to deliver our strategy. Additional office space leased. Designated fund in place for office rovements. Serious Incident Trustee Reporting and Major Incident Response policies in place and revlewed regularly. Regular reporting on major and Serious Incidents to the Board. Policies and procedures in place for reducing the risk of, and for the handling of, Serious Incidents across H&S, data protection, safeguarding, employment and other areas. Strong sklll set amongst Trustees for advising on scenarlos and Incldents. Business Continuity Plan in place and regularly r8viewed. IT arKI securlty access poll¢y in placa. Cyber Essentlals certlficate compllance malntalned and liability Insurance pollcy Sn place. Regular communlcatlons wlth staff about cyber 88curlty rlsks and mltlgatlons. Web and vulnerablli assessments undertaken. Monthly reports provided to Treasurer and Chief Executive and quarterly reports to Flnance Committee and Board. Monthly revlew of reserve posltlon by TreasurerlFinance Manager and quarterly by Finance Committee. Ongolng monitoring of local govemment flnancial situation across councils. Budget settlng process Includes sultsbly conseprfative income assumptions about local authori fundin IT managed services provider in place with strong SLAS and 2417 system monitoring. GDPR policy in place and training provided. Employee induction includes ITI security access and GDPR training. Insurance cover in place. IT equlpment replaced l upgraded on a rolling basis. Digital Developments Group meets bi-monthly with Lead Trustee en ement. Serlous Incld•nts Failure to manag8, 8scalate or report Serlous Incidents {including safeguarding) leads to reput8tlonal damage. regulatory Invastlgation andlor loss of confidence amongst external stakeholders and donors. C ber Fraud Cyber fraud resultSng In loss of servlce, financial loss or reputational damage. Flnanclal Prolonged failure to achieve a break even budget or generat8 positive cash flow. Chang8 in local or national Govemment pollcy andlor level of funding. Informatlon Technolo Inadequate Infomiation Technology systerns or Inadequate skilled staff r8source, failing to meet day to day operational needs. Non complianc8 with GDPR. Page 9
Structure Herts Young Homeless is a registered charity and a company limited by guarantee, with its constitution set out in its Articles of Association. Senior Leadership 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 Senior Leadership 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. Board of Trustees Senior LeadershipTeam Our teams Our services Chief Execullve OfflcoT Advice & Information Governance Commlllee Seryicgs M8dSallon Head of Servlco5 Outreach Finan¢¢ Commlttee Head of Fundralslng & Communicallons (Job ShaTr) HR. IT. Finance Education Hèad ol Fundraislng & Communications (Job Shorn) Counselling Fundralslng Worknng Group Fundraising & Comrnunications Youth Engagement Finance Manager 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 wtth the charity. Trustees are required to disclose all relevant interests and withdraw from decisions where a confllct In interest arises. Any transactions where trustees had a relationship with a related third party are disclosed in the notes to the accounts. Publlc benefit statement The Trustees confimi that they have complied with the duty in the Charities Act 2011 to have du8 regard to the Charity Commission's general guidance on public benefil. 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
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 ststements, 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; State whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements., Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. 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 irregularit18S. 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 audltor In so far as the Trustees are aware at the time of approving our Trustees, annual report.. There is no relevant audit information, being information needed by the auditor in connection with preparing the report, of which the charity's auditor is unaware; and The Trustees have taken all steps that they ought to have taken as Trustees in order to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information. Auditor Moore Kingston Smith were appointed as auditor in the year. The report of the Trustee Board was approved by the Trustees on 1 st October 2025 and signed on their behalf by: Peter Holland Chairman and Trustee Page 12
Herts Young Homeless Group Year ended 31 March 2025 Independent auditorfs report to the members of Horts Young Homeless Group Oplnion We have audit8d the financial statements of Herts Young Homeless ('the company,) for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Ststemènt of Cash Flows and not8s to the financial statements, Includlng slgnlfl¢ant apxountlng polld88. The flnancial r8porting framework that has been applied In thelr preparatlon Is applicable law and Unitsd Kingdom Accounting Stsndards. including FRS 102 'The Financlal Reporting Standard Applicable in the UK and Republic of Ireland. (United Kingdom Generally Acceptsd A¢¢ounting Practice). In our opinion the financi81 statements: ' glv8 a tru8 and falr vl8w of the state of the charltabla company's affalrs as at 31 March 2025 and of Its Incomlng resourc88 and appllcatlon of resources, Includlng Its Income and exp8ndltura, for th8 year then ended; have been properly prepared In accordance wlth Unlt8d Klngdom Generally Accepted Accountlng Practlce,. and . have been prepared In ac¢ordance wlth the requlrements of the Companies Act 2006. Ba818 for oplnlon We conducted our audlt In accordance wlth Intematlonal Standards on Audlting (UK) (ISAslUK)l and appllcable law. Our responslbillties under those standards are further descrlbed In the Audltorfs Responslblllll88 for the audlt of th8 financial statements sectlon of our feport. We are Indep8ndent of the charltable company In accordance wlth the ethical requlrements that are r818vant to our audlt of th8 flnancial statements In the UK, Includlng the FRC'S Ethl¢al Standard, and we have fulfilled our other ethlcal responsibllltles in accordance wlth these requlrements. W8 belleve that the audlt evldence we have obtalned Is 8ufflclent and approprfate to provSde a basls for our opinion. Con¢lu•lon• rolatlng to golng conc•rn In audltlng the financlal 8tatem8nts, we have concluded that the trustee8' use of the golng concem b881s of accounting In the preparatlon of the flnanclal 8tatsment818 8pproprfate. Based on th8 work we have performod. we have not Idantllled any materlal uncertalntles relatlng to events or condltlons that. Indivldually or collectively, may cast slgnlflcant doubt on th8 charltable ¢ompanls ablllty lo conllnue as a going concem for a p8rfod of al least e7ve months from when the flnanclal statements are authorlsed for l$sue. Our responslblllties and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Other Inlorniatlon The other Inf0MtIon comprlses the infomiatlon Included In the annual r8port. other than the financlal statements and our auditor's pOrt thereon. The tnJst88s are responsible for the other infonnation. Our opinion on Ihe financial stateménts does not cover the other information and, except to the extent otheThvi5e explicitly stated In our r8POrt, we do not express any form of assurance conclusion thereon. Our responslbility is to read the other infomiation and, in doing so, conslder vthether the other Infomatlon Is materially inconsistent with the financlal statements or our knowledge obtained in the audit or otherwise appears to be materially misststed. If we identlfy such material Inconslstencies or apparent material misstatements, we are required to determin8 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 matèrial misstatement of thi8 Other infomation, we are raquired to report that fact. We have nothlng to report in this regard. Page 13
Herts Young Homeless Group Year ended 31 March 2025 Independent audltorfs report to the members of Herts Young Homeless Group Opinlons on other matters prescrlbed by the Companles Act 2006 In our opinion, based on the work undertaken in the cours8 of the audit.. Ihe information given in the trustees, annual report for the financial year for which the financial statements are prepared is consistent with the financial slatements., and the trustees. annual report have been prepared in accordancè with applicable legal requirements. Mattors on whlch we aro roqulred to roport by 8xcoPtlon 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. W8 have nothing to report in respect of the following matters wh8r8 tha Companiès Act 2006 requires us to report to you if. in our opinion.. adequate accounting records have not been kept, or retums adequate for our audil have not been received from branches not Vl8lt8d by us,. or the flnanclal stat8ments are not In agreement with the accounting records and returns., or certain disclosures of trustees, remuneralion specified by law are not made., or we have not received all the information and explanations we r8quir8 for our audit., or the trustees were not entitled to prepare the financial slalements in accordance with th8 small companl8S regime and take advantage of the small companies exemplion in preparing the Trusl88s' Annual R8POrt and from preparing a strategic report. R•spon8lbllltlos of trust$ As 8xplaln8d more fully In th8 trustees, responslbllltles stalement set out on page 11, the trustees (who are also the directors of the charitabl8 company for th8 purposes of company law} are responsible for the preparation of th8 financlal slat&m8nts and for b8ing satlsfSed that they glve a twe and fair view, and for such internal control as the trusl88s de18mine 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 continu& as a going concern. disclosing, as applicable, matters related to going concem and using the going concem basis of accounting unless the trustees elther intend to liquidate the charitable company or to cease operations, or have no realistic alternatlv8 bul to do so. Audltor's re8ponslbllltl88 for the audlt of the flnanclal $tatement• Our obj8CtIV8s are to obtain reasonable assurance about wh8thèr the financial statemènls as a whole are free from material misstatem8nl, 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 misslatemenl when It exists. Misstatements can arise from fraud or error and are considered material if, individually or in aggregate, they could reasonably b8 expected to influence the economic decisions of users laken 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 th8 audit. We also= Identify and assess the risks of material misstatement of the financial slalements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit 8vidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a mal8rial 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 inlemal control. Page 14
Herts Young Homeless Group Year ended 31 March 2025 Independent audltorfs raport to the members of Herts Young Homeless Group Obtain an und8rstandlng of intemal control relevant to the audit in order to d8slgn audlt procedures that are approprlata In the circumstances, but not for the purposès of 8xpr8sslng an oplnlon on the effectiveness of th8 charltabl8 company's internal control. Evaluate th8 appropriateness of accounting polici8s used and the reasonableness of accounting e5timate8 and related disclosures made by the truste8S. Conclude on the appropriateness of the trustees, use of the golng concem basls of accounting and. based on the audit 8vld8nce obtained, whethar a materlal uncertalnty exlsts r8lat8d to events or conditions that may cast slgnlflcant doubt on the chaTitsble company's ablllty to contlnue as a going concem. If v Concludè that a materfal uncertainty exists, we a requlred to draw attentlon in our auditor's report to the related dlsclosures in the financlal ststements or. If such dlsclosures are Inadequate. to modify our opinlon. Our concluslons are based on the audlt evldence obtalned up to th8 date of our audltorfs r8POrt. However. future events or conditions may cause the charltsble company to Cease to contlnue as a going concem. Evaluate the overall presentatlon, structure and content of the flnanclal stat8m8nts, Including the disclosures. and whether the financial statements represent the underlylng transactlons and events In a manner that achleve8 falr presentstlon. We communlcate wlth those charged wlth govemance regardlng, among other matters, the planned scope and tlmlng of th8 audit and signlflcant audlt flndlngs, Includlng any signlficant deficiencles In Intemal control that Identlfy durlng our audit. Explanatlon a• to what •xt•nt th• audlt wa• con8ld•r•d capablo of d•t•ctlng Irr•gularltl••. In¢ludlng fr•ud Irregularities. Includlng fraud, are Instances of non-compliance wlth laws and regulatlons, We deslgn procedures In Ilne wlth our responslbllitles, outlined above, to detect material mis$tat8ments In respect of Irregularlties, includlng fraud. The extent to which our procedures are capable of detectlng Irregularltl8S, Including fraud Is detalled below. The objectives of our audit In respect of fraud, are: to identlfy and 88sess the rfsk8 of materfal misstatement of the financial statements due to fraud: to obtain sufficient appropriate audit evidence regarding the assessed rlsks of material misstatement due to fraud, through designing and implementing appropriate responses to those assessed risks,. and to respond approprialely to inslances of fraud or suspected fraud identified durfng the audit. However, the prtmary responsibility for the prevention and detection of fraud rests wlth both management and those charged wlth governance of the charftable Mmpany, Our approach was as follows: We obtalned an understandlng of the legal and regulatory requirements appllcabl8 to the charftable company and considered that the most significant are the Companles Act 2006, the Charities Act 2011, the Charity SORP, arKI UK financial reporting standards as Issued by the Financial Reporting Council. We obtained an und8rstsnding of how the charitsble company complies with thes8 requirements by dlscusslons wlth management and those charged wlth govemance. We assessed th8 rlsk of malerlal misstatement of the financial statements. Including the rfsk of mat8rial misstatement due to fraud and how it might occur. by holdlng dlscusslons vlth manag8m8nt and those charged with govemance. We inquired of management and those charged wlth govemance as to any known instances of non- ¢omplianc8 or suspected non-compliance with lav and regulations. Page 15
Herts Young Homeless Group Year ended 31 March 2025 Independent auditorfs report to the members of Herts Young Homeless Group Based on this understanding, we designed specific appropriate audit procedu$ to identify instanGes of non- compliance with laws and regulations. This included making enquiries of management and those charged with governance and obtaining additional corroboratlV8 8vid8nce as required. There are inherent limitations in the audit procedures described above. We are less lik81y lo become aware of instances of non-compliance with laws and regulations that 8re not closely related to events and transactsong reflected in the financial statements. Also, the risk of not delecling a material misstatement due to fraud is higher than th8 risk of not delecllng one resulting from error, as fraud rnay involve deliberate concealment by, for example, forgery or intentional misr8pr8senlations. or through collusion. Use of our report Thls report Is made solely to the ch318b1e companvs members, as a body, In accordance wllh Chapter 3 of Part 16 ofthe Companies Act 2006. Our auditwork has been undertaken so that we might stale lo the company's membèrs those matters we are required lo slate to them in an auditor's report and for no other purpose. To th8 fvllesl extent permitted by law, we do not accepl or assume responsibility to any party other than the charitable company and charitsble company's members as a body, for our audit work, for this report, or for the opinions we h8ve formed. Roger Ogden (Senlor Statutory Audltor for and on behalf of Moore Kingslon Smith LLP 4 Victoria Square Sl Albans AL13TF Date 09.10.2025 Page 16
*a> C•4 ff) Q) * aj a) a) ( ¢VJ * t7) U T> q) 8uoÈo
Herts Young Homeless Group Balance Sheet at 31 March 2025 Registered Charity No. 1069498 Company No. 3525558 31 March 2025 31 March 2024 Notes Flxed assets: Tangible assets 50,695 50,695 52,778 52,778 Curront assots: Debtors Short term investments Cash and cash equivalents Total current assets 225,608 532,536 178,957 937,101 237.558 516,246 196,085 949.889 Llabilitios: Creditors: Amounts falling due within one year 10 234.167 229,880 Not current assots 702,934 720,009 Net assets 753,629 772,787 The funds of tho Charlty: Unrestricted funds - general Restricted funds 650,167 103,462 666,888 105,899 11 Total Charlty funds 753,629 772,787 These financial statements have been prepared with the special provision of part 15 of the Companies Act 2006 relating to small entities, The acc on..... nts were a ved and authorised for issue by the Board of Trustees s.and signed on their behalf by: Peter Holland Chairman and Trus ee Tim Wlllles Treasurer and Trustee The notes of pages 20 to 28 fomi part of these finanGial ststements. Page 18
Herts Young Homeless Group Statement of Cash Flows for the year ended 31 March 2025 2025 2024 Cash flows from op•ratlng actlvltlos: Net {deficitlnncome for the year as per the Statement of Financial Activities (19,158) (18,922) Adjustments for: Amortisation Depreciation Profit on disposal of tangible flxed assets Profit on disposal of intangible fixed assets Interest from investments (Increase) In short term Investments Decrease In debtors Increase l(Decrease) in creditors 767 16.336 252 4.988 (18,568) (100,210) 41,474 6,837 26.145 {20,374) (16,290) 11,950 4,287 Not cash used In opratlng actlvltlog (13,440) (80,720) Cuh flows (usod In)Igenerat•d from Inv••tlng •¢tlvltl•8: Purchase of tangible fixed assets Interest from Investments (24,062) 20,374 (54,437) 18,568 N•t cash (u•ed In) Inve•tlng actlvltl•8 3,688 35,869 Change in cash and cash equlvalents in the year (17,128) (116,589) Cash and cash equlvalents at the beglnnlng of the year 196,085 312,674 Cash and cash Oqulvalents at the end of the year 178,957 196,085 Page 19
Herts Young Homeless Group Notes to the flnanclal statements for the year ended 31 March 2025 1. Accountlng policies 1.1 Genoral Information hyh is a Company limited by guarantee, incorporated in England and Wales. The address of its Tegistered office and principal place of business is disclosed in the Company information. The principal aclivities are to provide a free county-wide service dealing with the problems of housing and homelessness by supplying specialist services for vulnerable, youn9 people in Hertfordshire as well as seTviGes 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 Basls of proparatlon 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 stalemants in a¢cordanc8 Wlth the Charities SORP FRS 102 (second edition - October 2019) - AGwunting and Reporting by Charities: Statement of Recomm8nd8d Practice applicabl8 to charities preparing th8ir accounts in accordance with th8 Financial Reporting Standard applicable in the UK and Rèpublic of Ir81and and the Compani8s Act 2006 and Charit18s Act 2011. 1.3 Golng Concern The financial statements are prepared on a going ¢on¢em basis. Th8 Trust88s hav8 assessed wh8ther th8 us8 of th8 golng concern basis is appropriate and hav8 consid8r8d possible events or conditions that might cast signlficant doubt on the ability of the charity lo continue as a going concern. Th8 Trusl88s hav8 made this assessment for a period of at least one year from the date of approval of the financial slalements. In particular lh8 Trust8es hav8 considered the charity's forecasts and projections and have taken account of pressures on fundraising events and other funding. 1.4 Income Grants, Project Funding, and large Single Donations have been treated as income in the year they have been 8arn8d 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 thls is needed to phase contracted income in order to maintain service levels. 1.5 Expendlture All expenditure and admlnislratlon costs comprlse direct 8XP8ndlture, Includlng direct staff costs attrlbutable to the activity. together with c8ntral support costs which are expended in line with our charitabl8 objectives. Where central support costs cannol bè directly attributed to an activity, they are allocated on a basis using 81th8r 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 accounllng Unrestricted fvnds are considered by the Trustees as funds coming into the Charity and held in reserves to provide for the services of the Charily. Restricted funds are considered by the Trustees to be funds that are granted to the Charity with certain addits'onal requirements to provide specific charitable activities. Accounting for restricted activities is maintained separately to unrestricted funds, being reported separately lo the commissioning bodies as required under the terms of the grant. 1.7 Cash and cash equlvalents 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. Page 20
Herts Young Homeless Group Notes to tho flnanclal statements for the year anded 31 March 2025 (contlnued) 1. Accountlng pollcles (contlnued) 1.8 Inv•stmonts It is th8 Charftys policy to ensure that all fund8 are held in FCA registered banks and yleld Interest appllcable to low risk cash investments. 1.9VAT Th8 Charity is not reglstered for VAT. Irrecoverable VAT Is Included In the costs of the item to which it relates. 1.10 Flxed Assots Includlng Offlco Furnlturo and Equlpmont The Charity has a capitalisation policy of £500 of individual assets and £500 for bulk purchases of slmSlar assets where Indlvldual assets fall below the threshold. Depreciation 18 provlded at rates calculated to writs each asset down to its estimated residual value over its expected useful life: Flxtures and flttlng8'. Office equipment: Prop8ty, plant and 8qulpment 3 years stralght Ilne basis 3 years straight line basis 10 years straight1Sne ba818 1.11 Pen•lon• The Charfty provldes stsff wlth access to one current scherne (a hlstoric scheme Ss also held) to whlch the Charlty provides fundlng beaon 3% and 6%, dependlng on the contrlbution of the employee. From 1 October 2014 all new employees jolned an auto enrolment compliant sch8ma In thelr flrsl full month of employm8nt If they met the eligibillty ¢ondltion$. Th8S8 funds ar8 pald over monthly to the s8rvlce provlders and held In the Indlvldual's name. 1.12 Crodltor• The Charity seeks to pay all credltors wlthln agreed credSt tems. 1.13 Leas Au•t• Rental appllcable to operating leases. where substantially all benefits and risks of ownership remain with the les80r, are charged to the Statement of Financial Activitles as Sncurred. 1.14 GovomanrA Costs Govemance costs (include board expenses and audlt fee) Incurred are reported to comply wlth constltutlonal or statutory requlrements of the Charity. 1.15 Flnan¢l•l In•trum•nts The Charity only 8nters Into baslc financial instrument transactions that result in the recognition of financial assets such as trade and other debtors and short le Investments (notice period not exceeding 3 months) and financial liablliiles such as trade and other creditors. Basic financial instruments a Initially re¢ognised at transaction value and then subsequently measured at their settlement value. 1.16 Judg•m•nts In applylng accountlng pollclos and k•y 8our¢•8 of •stlmatlon un¢•rtalnty Due to the nature of th8 charitable company's activities and financial statements, the Trustees do not consider there to be any significant judgements or sources of estirnation uncertainty which could infiuence the aderf8 understsnding of the financial ststements. Page 21
Herts Young Homeless Group Notes to the financial statements for the year ended 31 March 2025 (continued) 2a. Donatlons Incomo Unrestrlcted Restricted Total funds funds funds 2025 Total funds 2024 Community Donations Corporat8 Donations Individual Giving Grants and Trusts 157.512 158.134 91,106 34,800 441,552 157,512 158,134 91,106 34,800 441,552 105.132 140.990 93,638 68,810 408.570 2b. Charltable actlvltles Income Unrestrlctèd Restrlcted Total funds funds funds 2025 Totsl funds 2024 Client Grants Homeless Hub Floating Support Intensive Outreach Health U16s Mediation Education Future Roots {solar panels) Future Roots 17,526 399,497 329,235 114,177 79,009 116.361 154.542 17,526 399,497 329,235 114,177 79,009 141,801 172,252 2,800 399.613 348.459 83,706 96,685 109.348 122.764 11.000 67.543 1,241.918 25,440 17,710 130,996 1,341.343 130,996 1.384,493 43,150 2c. Other tradlng actlvltles Income Unreslrlcted R•strlct•d Total funds funds funds 2025 Total funds 2024 Fundraising Events 123,993 123,993 123.993 123,993 91,332 91,332 2d. Investment Income Unrestricted Restrlcted Total funds funds funds 2025 Total funds 2024 Bank interest received 20,374 20,374 20,374 20,374 18,568 18.568 2e. Other Income Unrestricted Rostriet•d Total funds funds funds 2025 Total funds 2024 Sponsorship Other 429 429 600 3,851 4.451 429 429 Page 22
Herts Young Homeless Group Notes to the flnanclal statements for the year ended 31 March 2025 Icontlnued) 3. Expendlture Staff costs Dlrnct costs Support Costs 2025 Total 2024 Total Raislng funds 257.599 62,493 44,186 364.278 369,541 Charltablfj Artlvltlg• Homeless Hub Floating Support Intensive Outreach Health U16s Mediatlon EducatSon Head Office Future Roots 373.454 318,615 108,766 89,116 136.365 185,489 36,675 64,206 1,312,686 8.787 4.182 3,721 4,409 7,513 9,879 5,600 56,074 100,165 53.328 47.905 15.640 12,397 20,498 24,528 33.126 5,448 212,870 435.569 370.702 128.127 105,922 164,376 219,896 75,401 125,728 1,625,721 350,836 345,550 79,331 123,485 127,708 205,191 79.257 102.862 1.414.220 Total expondlturn 1,570,285 162,658 257,056 1,989,999 1,783,761 Analysls of ¢•ntral Support costs and ov•rh•ads 2025 2024 Govemance Head Office staff Inforniation technology Premises expenses Lagal and profasslonal Stationery, postage, telephone, equlpment Sundry costs Depreclatlon 13,273 508 54,574 71.274 26,382 27.771 37,129 26,145 257,056 10,581 751 51,526 65,271 34,451 27,827 69,934 17,492 277.833 The basis of allocatlon was budgeted direct hours. Govemance costs comprise th8 audit fee and Board expenses. Page 23
Herts Young Homeless Group Notes to the financial statements for the year ended 31 March 2025 (continued) 4. Net expenditure Net expenditure is presented after charging.. 2025 2024 Operating leases on land and buildings Auditors, remun8ration - audit 53.100 12,460 48.728 10,000 S. Employee costs Analysis of staff costs, Trustee remuneratlon and expenses 2025 2024 Wag8s and salari8S Social security costs Pension costs Group Life Insurance Policy Other costs 1,366,778 109,655 65,657 9,493 18,702 1,570,285 1.087,200 85,844 54.256 2,017 39,535 1,268,852 Durlng the year one employee earned remuneration in excess of £60,000 {2024.' 1). No members of staff received termination paylnents in the year (2024: £nil). hyh operdtes two contribution penslon schemes. a stakeholder defined contribution scheme and an auto- enrolment pension scheme. The assets of the schemes are held separately from those of the Charity in an independently administered fund. The pension cost charge represents contributions payable in the year by the Charity to the fund: total contributions amounted to £65,657 (2024.. £54,256). In the year, the Trustees received £nil remuneration (2024: £nil) and £nil (2024.. £nil) reimbursement of expenses. The value of expenses waived by the Trustees is undisclosed as immalerial. Remuneration totalling £277,451 (2024: £261,454) was paid to 6 members of key management personnel (2024.. 6). This figure includes staff changes during the year. Avarag? number of omployaes by actlvlty 2025 2024 Raising funds Charitable activities Management and administration 36 29 50 43 The equivalent full-time number of staff is 42 (2024: 36). Page 24
Herts Young Homeless Group Notss to the flnanclal statements for the year ended 31 March 2025 (contlnued) 7. Tanglble fixed assots Flxturos and fittings Property. Plant and Equipmont aqulpmant Total Cost At 1 April 2024 Addltlons At 31 March 2025 15,841 2,182 18,023 41,634 21,880 63,514 11,000 68,475 24.062 92,537 11,000 D•prnclatlon At 1 Aprll 2024 Charge for the year At 31 MarGh 2025 10,521 4.618 15,139 4,626 20.427 25,053 550 1.100 1.650 15,697 26,145 41,842 N•t Book Value At 31 March 2025 2,884 38.461 9.350 50,695 At 31 March 2024 5,320 37,008 10,450 52,778 8. Debtors 2025 2024 Trade debtors Other debtors Prepayments Accruad Incom8 7.710 3,682 35.439 178,777 225.608 40,357 552 15,220 181.429 237,558 Page 25
Herts Young Homeless Group Notes to the financial statements for the year ended 31 March 2025 (continued) 9. Short temi investments and cash and cash equivalents 2025 2024 Short term investments.. Fixed notice accounts (notice not exceeding 12 months) 532.536 516.246 Cash and cash equivalents 178,957 196.085 10. Crodltors - amounts falllng duo wlthln ono yoar 2025 2024 Trade creditors Accruals Deferred income Sundry creditors Social security and pension 23,171 17,440 144,036 13,469 36,051 234,167 5.673 32,307 128,862 28,896 34,142 229,880 Deferred Income Deferred income represents income received or InvoSced durlng the year. In respect of future charltable activities taking place after 31 March 2025. Balance Raleased Deferred In the year In the year Balance 31 March 2025 2024 Deferred income 128.862 220,893 236,067 144,038 11. Funds Balance 1 Aprll 2024 Mov•mont In resources 8alanc• Income Expendlture Transfers 31 March 2025 Unrestrlcted funds Designated funds.. Digilal and data fund SeNice continuity fund EDI & 8nvironm8ntal fund Office refurbishment fund Strategic fund 500.871 609,987 (614,300) 496.558 18,323 100,Crf)O 18,323 100,000 19.511 119,511) 30,000 17,694 666,888 30,000 5,286 650,167 12,408 (646,219) 629,498 Restrlcted funds HCC Early Intevention Service Local Authorities Henry Smith Crouchfield Trust Future Roots grants and donations Future Roots solar panels General Restricled Hardship funds General Restricted other funds 842,909 91,540 65,357 116,361 72,782 130,996 (842,909> (91,5401 (65,3571 (116,361) (72,7821 (133,609) (1,100) (12,291) {7,831) 1.343,780 76,544 10,450 15,017 3,888 73,931 9,350 13,614 6,567 10,888 10,510 105 899 1,341,343 103,462 Total funds 772 787 1970 841 1989 999 753 629 Page 26
Herts Young Homeless Group Notes to the flnanclal statements for the year ondod 31 March 2025 (contlnued) 11. Funds (contlnued) Hortfordshlre County Councll (HCC) We are contracted by HCC to provide our Homeless Hub, Outreach Houslng Support and Intenslve Outreach services. Early Int•rv•ntlon Servlce• We recelve fundlng from a number of sources, Including trusts and foundatlons, to support our work to prevent homalassness. Local Authorltl•• We recelve fundlng from the Dlstrlct and Borough Counclls In Hertfordshlre to support the dellvery of our Educatlon servlce. Henry Smlth We receive grant funding from The Henry Smlth Charity to support our Under-16s Mediation sep4ice. Crouchfl•ld Trust Fundlng for the Wellbelng workers to support young people and thelr parents. To support thalr mental health and wellbelng, and the engagement in the mediatlon sepiice. Futur• Roots grants and donatlon• We have recelved donations to fund the runnSng costs of our accommodatlon project, Future Roots, including from The Hadlgy Trust and Lady Margret Patterson Osbourne Trust. G•n•ral r•8trlcted grants We recelved varlous grants to support our youth engagement work and to support our service users wTrth food vouchers, care p8ckag68 and wlth the costs of movlng Into new accommodatlon and 8U8talnlng thelr tenancy. 12. Analy818 of net a880ts bgtwgon fund• UnrnStrlCt Ra8trlct•d Total FIX A88ets 41,345 9,350 50,695 Curr•nt asset• Debtors Short term Investments Cash and cash equivalents 225,608 532,536 84,845 225.608 532,536 178.957 94,112 Curront Ilabllltles Falling due withln one year (234,167) 650,167 (234,167) 753,629 03.462 Page 27
Herts Young Homeless Group Notes to the financial statements for the year ended 31 March 2025 (continued) 13. Flnanclal commitments At 31 March 2025 Herts Young Homeless was committed to making the following payments under leases or contracts: Leases on land and buildings which expire within: At 31 March 2025 47,700 21,958 At 31 March 2024 47,700 21,958 1 year 2-5 years more than 5 years 69,658 69,658 14. Share capltal 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. Penslon commltments The Charity operates a defined contribution penslon scheme. The assets of the scheme are held separately from those of the Charity in an independently administered fund. The pension cost charge represents contribulions payable by the Charity to the fund and amounled to £65,657 (2024., £54,256). Contributions totalling £8,263 (2024.. £7,637) were payable to the fund at the Balance Sheet dale. 16. Related party Iran8actlons During the year the charity received £47,724 (2024.. £35,721) from fundraising events run by Echelon Consulting Limited, a company in which M Baxter is a director. During the year the charity paid £13.461 (2024: £7,927) to Homeless Link, a charity in which R Watklns is a director. 17. Control The Board of Trustees are deemed to be the controlling party. 18. Analys16 of changes In net debt 1 April 2024 Cash flows Other non- cash changes 31 March 2025 Cash and cash equlvalents Cash Overdrafts 196,085 (17.128) 178,957 196,085 (17,128) 178,957 Total 196,085 17,128 178,957 Page 28