Charlty reglstration number 1086780 (England and Wales) Company registration number 3987232 EAST CLEVELAND YOUTH HOUSING TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
EAST CLEVELAND YOUTH HOUSING TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees C Ditchbum A Wardle V Yare D Eagle S M Bullock Secretsry C Ditchburn Project Manager A Pettersen Charity number 1086780 ompany number 3987232 Registered office Bhive Business Centre Skellon Industrial Estate Sk Bhive Business Centre Skelton Industrial Estate, Skelton-ln-cleveland Saltburn-By-The-Sea England TS12 2LQ Independent examiner Bevedey Goodall AbacusBean Limited Level Q Surtees Business Park Stockton on Tees TS18 3HR Bankers Unity Trust Bank PO Box 7193 Planlary Road Willenhall WV1 9DG
EAST CLEVELAND YOUTH HOUSING TRUST CONTENTS Page Trustees, report Independent examiner's report Statement of financial activities Balance sheel Notes to the financial statements 8-19
EAST CLEVELAND YOUTH HOUSING TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT> FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their annual report and financial stalements for the year ended 31 March 2025. The financial slalemenls have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the trust's governing documents, the Companies Act 2006 and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 (effective 1 January 20191" Objectives and activities East Cleveland Youlh Housing Trust works lo help young people improve their lives in the community Ihat they live and work. through offering a diverse range of opportunities and experiences. The aim of the Trust is to provide 16-25 year olds living in rural comrnunilies of East Cleveland with.. 11 A Network of affordable. supported accommodation for young people who are in housing need, 21 Local training opportunities in building related skills through the renovation of empty properties, work undertaken in community buildings and for other voluntary sector organisalions, 31 Opportunities for personal development and support to develop life 2nd social skills. Public benefit The trustees hav8 paid due gard lo guidance issued by Ihe Charity Commission in deciding what activities the trust should unolertake. Achievements and performan¢e ECYHT has continued to invest in its existing asset base. The refurbishment, modernisation and where possible, retro fitting of assets has helped improve tenants living standards and ensures that our properties exceed the quality requirements of the UK'S Decent Homes Standard. The long-terrn aim is lo reduce the frequency of repairs and maintenance, increase energy efficiency, and enhance each properties aesthetic appeal within the community. ECYHT will continuè to create high quality, affordable and secure homes for those most in need of housing. The second year of the five-year slrdlegy plan has been a year of growth and development. ECYHT has increased its property porffolio. training opportunities and tenants. ECYHT'S community works programme was successfully restarted for the first timè in 3 years. This has helped to raise tjnreslricted income and promote its construction- based services. The trustees would like to recognise the work of the staff team, volunteers and all those stakeholders who conlinue to support the work of the organisalion in Redcar & Cleveland. Flnan¢i41 review It is the policy of the trust that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to six month's expenditure. The trustees consider that reseNes at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the trust's current activities while Consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. The company's Statement of FirTrancial Activities can be seen on pa9e 5. During the year unrestricted activities have resulted in a deficit of £21,443 (2024 - £24,535, which leaves unrestricted reserves lo carry forward of £872,672 (2024 - £894.115). Included in Ltnreslricled reserves are funds of £740,891 12024 £725,502) relating to the property and £554 (2024 - £8481 relating lo other fixed assets. Free reserves are £131,227 (2024 - £167,765). Restricted funds had a surplus in the year of £26,02512024 - deficit of £3,017). This leaves reslricled funds lo carry forward of £278,673 (2024 - £252,648). The funds relating to properties on reslricled reserve5 are £239,631 {2024 - £237,131). The nel assets of the organisation stood al £1,151.345 compared to £1,146.763 in 2024. A list of grants received is shown on notes 3 & 4 and reftects the broad range of stakeholders who invest in the project and the increased funding activity undertaken.
EAST CLEVELAND YOUTH HOUSING TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Major risks The Iruslees continue to assess the major risks to which the charity is exposed and has worked hard over the year to manage the risks that the pandemic has brought in terms of sustaining s&rvice delivery as we move fonmard. The trustees are satisfied that the systems we have adapted over the year continue lo mitigate the current risks with which we are faced. The current board of directors, staff team, volunteers and stakeholders linked with the organisation have worked hard over the last 12 months in the most challenging of circumstances to keep delivering our core services lo clients across our neighbourhoods. The board is committed lo tre ongoing development of the trust working in the unfamiliar environment continuing lo build and sustain an agile and robust charity that will maximise its impact in our locality- The board has continued to review its role in assessing and managing the risks profile it has to manage. In the face ol the current challenges that we face the board continue lo monitor and review the changing risk profile and maintain a system to mitigate those risks. Tho board are continuing lo move fOard with ils income diversrty work as part of the strategy to make the charity more sustainable to enable the future delivery of the core objectives and aclivilies. Plans for future periods ECYHT is entering the mid-way point of ils fiv8-year strategy. Sufficienl capital has been secured to aid with the purchase of more empty homes and grants lo deliver apprenticeship training are in place to help support the employment 2nd education of local young people. ECYHT will work towards gaining increased recognition and support for its services throughout Redcar & Cleveland. Our brand and identity are weak and a new name which better reflects the organisalion is needed. This will offer us a catalyst lo develop our roputation and reach across the borough. Work lo onsur6 that our Memorandum & Articles are fil for purpose has begun and we aim to employ someone with social media expertise lo raise awareness and promotion of our activities digitally. ECYHT will Continue lo work to ensure that the people of East Cleveland have access to a range of services and aclivities including opportunities for affordable housing, training and volunteering. Underpinnin9 this aspiration are bNo key outcomes the strategy plan will help us lo deliver. Young people in East Cleve18nd are.. better prepared for the world of work have increased aspirations for their future Structure. governance and management The Irt+st is a company limited by guarantee and govemed by its Memorandum and Articles of Associalion incorporated on 8th May 2000. The tnjstees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were.. C Dilchbum A Wardle V Yare D Eagle S M Bullock None of the trustees has any beneficial interest in the company.
EAST CLEVELAND YOUTH HOUSING TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The trustees, report was approved by the Board of Trustees. C Ditchbum Trust•e A Wardle Trustee Date..
EAST CLEVELAND YOUTH HOUSING TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF EAST CLEVELAND YOUTH HOUSING TRUST I report to the trustees on my examination of the financial statements of East Cleveland Youth Housing Trust (the trust) for the year ended 31 March 2025. Responsibilities and basis of report As the trustees of the trust land also its directors for the purposes of company lawl, you are responsible for the preparation of the financial slalemenls in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the financial statements of the trust afe nol required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the trust's financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515)Ibl of the Char(lies Act 2011. Independent examiner's statèment I have completed my examinats'on. I confimi that no mallers have come lo my attention in connection with the examination giving me cause lo believe that in any material respect.. accounting records were not kept in respect of the trust as required by section 386 of the Companies Act 2006. the financial statements do not accord with those records.. or the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination., or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021. I have no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order to enable a proper understanding of the finallcial slalements to be reached. Beverley Goodall BA BFP FCA AbacusBean Limited Level Q Surtees Business Park Stockton on Tees TS18 3HR Dated..
EAST CLEVELAND YOUTH HOUSING TRUST STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted Restricted funds funds 2025 2025 Total Unrestrictgd Restricted funds funds 2024 2024 Total 2025 2024 Notes Income and endowmgnts from: Oonations and legacies Charitable activitie5 Community works Grants received 20,100 20.100 23.350 23.350 35,292 35,292 56.613 56,613 27,957 27.957 Investments Other income 81,127 81,127 69.547 138 69,547 138 Total income 136,519 56,613 193,132 93.035 27.957 120,992 Expendlture on: Raising funds Charitable activities 75 117,495 75 148,469 157,962 30,588 188,550 30.974 Total expenditure 157.962 30,588 188,550 117,570 30,974 148,544 Net incomellexpendrturel and movement in funds (21.4431 26,025 4.582 {24.5351 {3,0171 {27.552) Reconciliation of funds: Fund balances at 1 April 2024 894,115 252,648 1,146.763 918,650 255,665 1,174,315 Fund balances at 31 March 2025 872.672 278,673 1.151,345 894,115 252,648 1,146,763 The slalemenl of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
EAST CLEVELAND YOUTH HOUSING TRUST BALANCE SHEET AS AT31 MARCH 2025 2025 2024 Notes Flxed assets Tangible assets Investment properties 13 14 554 980,522 961 962,633 981,076 963,594 Current assets Debtors Cash at bank and in hand 15 12,670 172.830 16.086 183,926 185,500 200,012 Creditors: amounts falling due wlthin one year 17 (10.731 } {10,843} Net current assets 174,769 189,169 Total assets less Current liabilltles 1.155.845 1,152,763 Creditors: amounts falling due after more than one year 18 {4,500) 16,0001 Net assets 1,151,345 1,146,763 Income funds Restricted funds Unrestricted funds 20 278.673 872,672 252,648 894.115 1,151,345 1,146,763
EAST CLEVELAND YOUTH HOUSING TRUST BALANCE SHEET (CONTINUED) ASAT31 MARCH 2025 The company is entitled lo the exemption from the audil requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025. The directors acknowledge their responsibilities for complying with Ihe requirements of the Companies Act 2006 with respect Ir) accounting records and the preparation of financial slatemenls. The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476. These financial slalemenls have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the Trustees on C Dilchburn Trustee A Wardle Trustee Company R¢gistration No. 3987232
EAST CLEVELAND YOUTH HOUSING TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting poli¢les Charity infom?ation Ea51 Cleveland Youth Housing Trust is a private company limited by guarantee incorporated in England and Wales. The registered office is Bhive Business Cenlre, Skellon Industrial Eslale Sk Bhive Business Centre. Skelton Industrial Estate, Skellon-ln-cleveland, Sallburn-By-The-Sea, TS12 2LQ. England. 1.1 Accounting convention The financial statements have been prepared in accordance with the trust's goveming document, the Companies Act 2006 and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective 1 Jantjary 2019)" The trust is a Public Benefit Entity as defined by FRS 102. The trust h8S taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 nol to prepare a Statement of Cash Flows. The financial statemenls are prepared in sterling, which is the funclional currency of the trL*sI. Monetary 8mounts in these financial statements are rounded lo the nearest £. The financial Statements have been prepared under the historical cost convention, modified to include the valuation of freehold properties and lo include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below. 1.2 Golng concern At the lime of approving the financial statements, the trustees have a reasonable eXpeatIon that the trust has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes. Restricted funds are subject to specific conditions by donors or grantors as lo how they may be used. The purposes and uses of the reslricled funds are sel out in the notes lo the financial slatemenls. 1.4 Income Income is recognised when the trust is legally entitled lo it after any performance conditions have been met, the amounts can be measured reliably, and il is probable that income will be received. Cash donations are recognised on receipt. other donations are recognised once the trust has been notified of the donation, unless performance conditions require deferral of the amount. Income lax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the trust has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
EAST CLEVELAND YOUTH HOUSING TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng policies (Continued) 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit lo a third party, il is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which conlribule to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resour$. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the porb'on of the asset's use. 1.6 Tangible fixed assets Tangible fixed assets are initially measured al cost and subsequently measured al cost or valuation, net of depreciatioii and any impaiment losses. Depreciation is recognised so as lo write off the cost or valuation of assets less Iheir residual values over their useful lives on the following bases.. Tools and equipment Office equipment Motor vehicles 10 % straight line 25 /LTr Straight line 25 /v Strai9hl line The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset. and is recognis8d in the slalemenl of financial aclivilies. 1.7 Investment property Investment property. which is property held to earn rentals andlor for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured al fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the SOFA. 1.8 Impairment of fixed assets At each reporting end dale, the trust reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffer8d an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order lo determine the extent of the impairment loss lif any). 1.9 Cash and cash equivalonts Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-lerm liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in cuffent liabilities. 1.10 Financial instruments The trust has elected lo apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '0ther Financial Instruments Issues, of FRS 102 lo all of its financial inslrumenls. Financial instruments are CogniSed in the trust's balance sheet when the trust becomes party to the contractual provisions of the inslrument. Financial assets and liabilities are offset, with the nel amounts presented in the financial statements, when there is a legally enforable right lo sel off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and setue the liability simultaneously.
EAST CLEVELAND YOUTH HOUSING TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policles {Contlnued) Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured al transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction. where the transaction is measured at the present value of the future receipts discounted al a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basi¢ financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a mat1(et rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligalions to pay for goods or services that have been acquired in the ordinary course of operation5 from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measurtd al amortised cost using the effective interest method. Derecognltlon of finan¢lal Ilabilities Financial liabilities are derecognised when the trust's contractual obligations expire or are discharged or cancelled. 1.11 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's seNices are received. Termination benefits are recognised immediately as an expense when the trust is demonstrably committed lo terminate the employment of an employee or to provide termination benefits. 1.12 Retirement benefits Payments lo defined contribution rettremenl benefit schemes are charged as an expense as they fall due. Critical accountlng gstimates and judgements In the application of the trust's accounting policies, the trustees are required to make judgements, estimates and assumptions about th8 carying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on hisloTical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and undedying assurnplions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. 10
EAST CLEVELAND YOUTH HOUSING TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from donations and legacies Unrestricted funds 2025 Unrestricted funds 2024 Donations and gifts Grants 100 20,000 1,350 22.000 20.100 23,350 Grants The Ballinger Charitable Trust Local Giving Ltd Yorkshire Building Society 20.000 20,000 500 1,500 20,000 22,000 Income from charitable activities Unrestricted Restricted funds funds 2025 2025 Total Unrestricted Restricted funds funds 2024 2024 Totsl 2025 2024 Communlty works Services provided under conlracl 35,292 35,292 Grants roceived Performance related grants 56,613 56.613 27,957 27,957 35,292 56,613 91,905 27.957 27,957 11
EAST CLEVELAND YOUTH HOUSING TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 In¢om¢ from charftable activltles (Continued} Performance related grants analysis Grants received 2025 Grants re¢elved 2024 Normanby Charitsble Trust The Percy Bilton Charity Virgin Money Foundation Darlinglon Building Society Albert Gubay Albert Hunt Trust Jack Brunton Sackler Trust Tees Valley Foundation Leeds Building Socsoty Other 2,500 4,680 15,000 5,509 5.000 10.000 6,000 3,000 20,000 2,500 10.000 113 268 56,613 27,957 Income from investments Unrestricted Unrestricted funds funds 2025 2024 (Xher income 81,127 69,547 Other income Unrestricted Unrestricled funds funds 2025 2024 Other income 138 12
EAST CLEVELAND YOUTH HOUSING TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expenditure on raising funds Unrestricted Unrestricted funds funds 2025 2024 Fundraising and publicity Advertising 75 Expenditure on charitable activities Unrestrl¢tod Restricted expendltura gxpenditure 2025 2025 Totsl Unrestrlcted Raslrlcted expendlture expenditure 2024 2024 Total 2025 2024 Direct costs Staff costs Depreciation and impairment Insuran Rent Propety renovations Telephone Bank charges Motor. travel & volunteers Professional fees Development & training Refreshments, recreational & events Printing, stalionery & advertising Sundry expenditure Accountancy Cleaning & repairs Computer running costs Health & safety 125,058 6,818 131,876 105,449 8,798 114,247 407 1,850 5,315 17,589 41 407 7,356 8,815 28,589 484 164 2,736 715 1,030 1.262 1,262 6,842 4,349 6,069 954 159 3,370 1,661 808 5,506 3,500 11,000 443 6,842 4,349 6,069 550 404 159 3,276 1,661 801 2,660 715 1.025 76 350 350 21 673 694 758 268 1,589 136 61 326 34 241 1.811 792 509 3,400 136 61 1,130 733 410 1.080 341 151 1,747 42 300 2,250 775 710 3,330 341 151 2,747 804 1,000 157,962 30,588 188.550 117,495 30,974 148,469 Analysls by fund Unrestricted funds Restricted funds 157,962 157,962 30,588 117,495 117,495 30,974 30,588 30,974 157,962 30,588 188,550 117,495 30,974 148,469 13
EAST CLEVELAND YOUTH HOUSING TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED> FOR THE YEAR ENDED 31 MARCH 2025 Net movement in funds 2025 2024 Net movement in funds is stated after chargingllcrediting) Accountancy fees.. Independent examination fee Other Accountancy services Depreciation of owned tangible fixed assets 1,800 1,600 407 1,800 1,530 1,262 10 Trustees None of the trustees lor any persons connected with Iheml received any remuneration or benefits from the trust during the year. 11 Employees The average monlhly number of employees during the year was.. 2025 Number 2024 Number Charitable Activities Administration Total Employment costs 2025 2024 Wages and salaries Social security costs Other pension costs 125,715 3.980 2,181 109,653 2,814 1,780 131,876 114,247 There were no employees whose annual remuneration was more than £60,000. Remuneratlon of key management personnel The remuneration of key management personnel was as follows.. 2025 2024 Aggregate compensation 63,781 60,180 12 Taxatlon The charity is exempt from taxation on ils activities because all ils income is applied for charitable purposes. 14-
EAST CLEVELAND YOUTH HOUSING TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 13 Tangible fixed assets Tools 8nd equipment Offlce equipment Motor ¥ehi¢l•s Total Cosl At 1 Apr1 2024 2,816 5,078 10,296 18.190 At 31 March 2025 2,816 5,078 10.296 18.190 Depra¢latlon and lrnpalmionl At 1 April 2024 Depreciation charged in the year 2,427 39 4.506 368 10.296 17,229 407 At 31 March 2025 2,466 4,874 10,296 17,636 Carrying amounl At 31 March 2025 350 554 At 31 March 2024 389 572 961 14 Investment property 2025 Fair value At 1 April 2024 Additions through extemal acquisition 962,633 17,889 At 31 March 2025 980,522 Investment properties were valued by management in July 2019 based on local knowledge of the area and from recent property sale values in the vicinity. Management consider that the valuation a131st March 2025 would be materially the same. There are restrictions on the ability to realise proceeds on disposal on certain investment properties. These amount lo £239.631. 2025 2024 Freehold 980.522 962.633 15-
EAST CLEVELAND YOUTH HOUSING TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 15 Debtors 2025 2024 Amounts falling du¢ within on¢ year.. Trade debtors Prepayments and accrued income 5,774 6,896 7,144 8,942 12,670 16,086 16 Loans and overdraft5 2025 2024 Other loans 7,500 7.500 Payable within one year Payable after one year 3,000 4.500 1.500 6.000 The loans are secured on the propety 111 High Street, Brollon, TS12 2QD. 17 Creditors.. amounts falling due wlthin one year 2025 2024 Borrowings Other taxation and social security Payments received on account Trade creditors other creditors Accruals and deferred income 3,000 2,400 1429) 3,948 612 1,200 1.500 2,155 1397) 4,741 1,531 1,313 10,731 10,843 18 Creditors: amounts falling due after more than one year 2025 2024 Borrowings 4,500 6,000 19 Retirement benefit schemes 2025 Defined contribution schemes 2024 Charge lo profit or loss in respect of defined contribution schemes 2.181 1,780 16-
EAST CLEVELAND YOUTH HOUSING TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 19 Retlrement benefil schemas (Contlnued) The trust operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the trust in an independently administered fund. 20 Restrl¢t8d funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specrfic conditions by donors as lo how they may be vsed. At 1 April 2024 Incoming iesources Resources At 31 March expended 2025 252,648 56,613 130,5881 278,673 Previous year: At 1 April 2023 Incoming resources Resourcès At 31 March èxpended 2024 255,665 27.957 130,9741 252,648 21 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject lo specific conditions by donors and grantors as to how they may be used. These include designated fund5 which have been set aside out of unrestricted funds by the truslees for specific purposes. At 1 April 2024 Incomlng r•source$ Resources At 31 Mar¢h expended 2025 General funds 894,115 136,519 1157,962) 872,672 Previous year: At 1 April 2023 Incoming resources Resources At 31 March expended 2024 General funds 918,650 93,035 (117,570} 894,115 17-
EAST CLEVELAND YOUTH HOUSING TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 22 Analysis of net assets between funds Unrestricted funds 2025 Restrlcted funds 2025 Total 2025 At 31 March 2025: Tangible assets Investment properties Current assetsllliabililies} Long lemi liabilities 554 740.891 131,227 554 980,522 174.769 14.500) 239,631 43,542 14.500) 872,672 278,673 1,151,345 Unrestrlcted funds 2024 Restricted funds 2024 Total 2024 At 31 March 2024: Tangible assets Investment properties Current assetsllliabilities) Long temi liabilities 848 725,502 167.765 113 237,131 21,404 {6,000} 961 962,633 189,169 16,0001 894,115 252.648 1.146.763 23 Related party transactions There were no disclosable related party transactions during the year12024 - none). 18-
EAST CLEVELAND YOUTH HOUSING TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 24 Uso of RestrS¢tod Funds Wirgin Money Foundation GrarTrt for the trusts core costs Neighbourly Foundatlon To fund costs associated with housing renovation projects Greggs Foundation A donation for a tenants white goods and school unifomi The Percy Bilton Charity Grant to cover property renovation work Darlington Building Socigty Grant to cover Tenancy Support Leader role and lo support the upgrade and improvements of existing properties Nomianby Charltable Trust Grant to cover property renovation cosls Balllnger Charltable Trust Funding for the Building Skills Manager role Yorkshire Building Society An unrestricted grant for general purposes Albert Gubay For Ihe wages and costs associated with the Housing Development Leader role Leeds Building Society A capital grant towards the purchase of a propety Albert Hunt Trust A grant for propety renovation and modernisation Jack Brunton A grant for a renovalion project Sackler Trust Agift lo support youth unemployment and lack of affordable housing 19-