REGISTERED COMPANY NUMBLI R: 03458723 (England ind Wales)
REI GISTERED CHARITY NUMBER: 1090289
Report of Ihe Trustees and
Audited FlnY4nclal Statements
for the Year EDded 31 March 2024
for
GLOUCESTERSHIRE YOUNG CARERS PROJECT
Cooper Parry Group Limited
Sky View, Arg08y Road
East Midlands Aiwort
Castl¢ Doiiington
Derby, DE74 2SA

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GLOUCEI STERSHIRE YOUNG CARERS PROJECT
Reference a￿d AdminRstr8tlve Det&ll8
for the year ended 31 March 2024
TRUSTEES
R Parish (Chair)
A Deeks
S Nair
M Clifford
P Winterbottom
R Smith
T Bailey (Appointed on 01105A024)
C Orr (Appoit]ted on 0110512024)
COMPANY SECRETARY
R SirAith (Appointed on 1511112023)
R Patisli (Resigned on 1511112023)
KEY MANAGEL￿IEINT PERSONNLI L C Rhodes {CEO appointed 2810512024)
E Semadeni
H Gill
M Hitcbings
REGISTERED OFFICE
7 Twigworth Court Business Centre
Twigworth
Gloucester
Glou¢e8tersbire
GL2 9PG
REGISTERED COMPANY NUMBER 03458723 (England and Wales)
REGISTERED CHARITY NUMBER 1090289
AUDITORS
Cooper P&rry Group Limited
Sliy View
Argosy Road
East Midlands Airport
Castle Doninglon
Detby
DE74 2SA
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GLOUCESTERSHIRE YOUNC CARIRS PROJECT
Report of the Tru$teei
for tb¢ year ended 31 March 2024
OBJECTIVES AYJ D ACTIVITIES
Volunteers
Paid staff (9 full_time and 13 parl-time) are supported by more than 45 volunteers (as drivm, support to respite group workers,
fulldraisers and trustees).
ACHIEVEMENf AND PERFORMANCE
Chatr's Summary of the 2023124 Year
I Am delighted to introduce the Armi￿1 Report and Accounts for Gloucestersbire Young Carers 2023124 on behalf of the Tntstees,
the staff and most importarntly tb¢ benefLciaries of our charity, the young and young adult ¢arer8 of GIoU¢este￿hIre with whom we
work.
I¢ is a daunting challenge to be invited lo select highlighl's from a year that has produccd so many. H¢r¢ just a few I wanted to
8POtlight!
Young C￿e[S, GYC staff and Supporte￿ catne together in September 2023 to launch our 30th Anniver8ary year. It was a night to
remember! We celebrated three decades of the evolution of GYC and Members of the Young Carers Forum told us about thc .30 for
30, fi￿draISIng challenges we had to prepare ourselves for in th¢ yeor ahead. We were especially pleased to welcome some of the
people who were Énstnirneiital in s¢tting up GloucestershiTr Youn8 Carers all thos¢ years ago, inrludillg the fllst yowig carers
identified in Gloucestershire who sat on the original steerin8 group.
This year we undertook a rigorous r¢cnLitment process for a new CEO. We made sure that TnL8tees, staff and young people were
involved in the selection, and I am delighted to say that Cheryl Rthod¢s was appointed. Cheryl will lead GYC as it embarks on the
next 30 years (alld beyondl) bringing us tog¢ih¢r to deliver our vision that 'all youllg carers enjoy their childhood and experieDC¢ a
positive IratisÉtion to adulthood,.
I have a particular interest in the voices of young oarers and young adult oarers being hcar(L' I b¢li¢ve this interest align8 closely with
GYC'S mission 'to suppon and enable yOUDg Carers lo build on their strengths and achicvc their aspirations,. FI¢r¢ are two examples
of where I know youllg carers supported by GYC have dcnjonstrated tbis missioll ill aGtion, having an itiipact at both a national É￿d
local level year.
N8tionally. by sh￿iThg their lived experiences of caring for family members, young people supported by GYC seized th¢ opportrjiiity
to ittfluence the thinking of elected iepresentatives in both Hoiiscs of Parliaft]ent about ways lo improve support for young carers and
young adult carets. Closer to home, social work students studying at the University of Gloucestershtre had their learning enlianced
by hearing &bout caring for tliose with 'stigmatised conditions, such as mental ill-health and substance misuse issues from young
people prepared to share their stories.
These are two great examples of how others. future per¢epu(Trns and prdCtice8 have been influenced by bearing the voices ol young
are1¥ and young aduli carers. Opportunities such as Ihese also have apositive impact on tlie ¢onfLd¢nce of the young people involved.
They may be used to taking un chall¢nges tbeir pecrs tnight not be ¢xpeGted to, but that does not m¢an it is easy for them to stand iLP
dnd represent themselves. They have done themselves and GYC proud.
Paul Winterbottom, who Chaired the GYC Board l&st year finished his introduction to the 2023124 annual report with the followillg
words. and I honestly can't improve on then]: "The contribution of GYC will not be me&8ured by a reduction in the number of youn8
carer5 but by the r¢Gognition in commlinities of the v&luable role and responsibilities they take, their achieVen￿llts, lor themselves,
their families aud wider society now and in years to come"
Thank you to all those people who have worked for and with Gloucestershire Young Carers this year.
Pagf 3

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s￿￿V3 ￿Nn0￿

GLOUCESTERSHIRE YOUNG CARERS PROJECT
Report of the Trust¢es
for the year ended 31 March 2024
GYC'S Mlsslon
Our visiou is simple and direct: that 'all young carers enjoy their childhood #nd experlenee a posltive transition to adulthood,.
This is coupled with OUT rni88ion, which is 'to support and enable young earers to bulld on their strengths and achieve their
aspiratlons,.
W¢ are a development organisation, guid¢d by th¢ voi¢¢ of young people. Recognising young carers as 'experts by lived experience,
is at the core of OUT work and we are passionate about empowering young carers to influence services whetlLer through our yOLmg
carer foNn]s and groups or on &n individual basis.
GYC has worlced with yoiing carers to develop the broad outcomes that we aitn lo deliver:
Young carers hav¢ the sm¢ opportunities as other young people who do llot Iiave caring responsibilities,
Young carers maintsin good emotional and physical health
Young carers have a voice, are listened lo and are able to influence services
Young c&rer8 <1¢cess ediicalion and employment and &chiev¢ w¢ll
Young care￿ gAperi¢nc¢ po5ittv¢ tran511ioos to adulthood
We re¢ogrAiZe tILat we are unable to oh￿ge die reality of the health issues of the person young careT8 care for, and the ongoing impact
of this. OUT aim is to ensure tknt young carers and young adult carers are not disadvantaged by their caring rol¢. Through a range of
personalised siipporl, we aim to achieve the following positiv¢ Ghang¢$ itk their live8, in essence foT th¢m to..
Have a break from Ibeir caring role
Be a Gbildlyoung person
Understaud th¢ir raring rol¢ aud b¢ b¢tter ible tc> ¢ope and build resilience
Receive the support tbry need to enable them to reduce the impact of caring
Develop positive relationships witt) peers and fonn a network of support
Gain support within educational and work s¢tting8
Know their rights Emd bc able to ckLOOS¢ tIL¢ir path a& they move illto adulthood
GYC'S multi-diseipliiiary team delivet3 a whole family, integrated service Lo youug fjare￿ and their families. We work with yoiillg
carers and theiT fa￿111￿5 offerillg an asse8smcnt of their caring role and developing a support plan which offers acr¢ss to servi¢¢s
and young person friendly infOrn￿tIot1, and we wolk to help the cared for ELccess support to reduce the impact of caring on the youllg
person.
Youllg carers are offcred groupll.. l support as appropriate:
'Caring Counts, for young wer8 1 l+, a programme offering yoiing ¢￿'¢t& the OppOr￿nity to slwe t￿C]r cxperiences and
learn how to loo1< after their own health alld wellbeing.
Respit¢ supporL' groups and activities allfA¢d at raising aspiration8, developing peer support dnd having a break,
121 sessions addressing individiial issues and challenges.
Specialist targeted time limited Eroups, resid¢ntials and day ¢vent8 ft>r children caring for someone with meiital ill health
and/or SL]bstance misuse sbaring experieTr¢es parlicular to their carillg role and developing coping strategies.
Young Adult CaTer s¢rvice providii)g on¢ to one and group support specifically for thos¢ aged 16 to 24, of'fering support to
improve their m¢nts] wellbcing and Tnainlain these young people in education gnd ernploymenl.
Our services are 8trengths-based iinderpinned by the evidence bas¢d Fiv¢ Ways to Wellbeing: ConiJ¢ct, GetActive. Take Nol'ice,
Learning alld Give.
We work extensively wrth our partners in education, 8OLial care, health, voluntary sector and ¢orpor&te fmd community nttworks to
improve the idenlificatioii of yQUllg ¢ar¢rs and share good practice, deliver traiiiing and sli8r¢ inforniation to enable Iliem to improve
their re8ponse to young ¢ar¢rs.
Page 5

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GLOUCESTERSHIRE YOUNG CARERS PROJECT
Report of the Trustees
for ihe year ended 31 March 2024
ACHIEVEMENT AND PERFORMANCE {continued)
Education Work
Our ongoing engagement with schools continues to increase awareness of young carer5 and improve school response. Through
' Young Carer Aware. assemblies ?89? young carers were reached. Sch(M)Is were also supported to increase the number of young
carers identified in the School Census return, Youii
carLrs and tli¢ sLliool censu.
and in setting up young earer gmups within school
with the dei'elopment of a guide. Young Carers A¢tion Day saw the delivery of an online workshop for teachers delivered in
partnershkp with two young carers and two schools.
Two schools achieved GYC'S School Accreditation demonslrating best practice in identifying and supporting young ¢arers.
Direct Delivery Highlights
Participation- 30th A[￿1VerSa
Launch
Ten past and present member5 of the Fonun joined siaff and trustees in hosting and preseThting at the launch of the 30th Anniversary
giving powerful testimonies of their involvement with the charity and plans for the up¢oming year's celebrations.
Respite Croups and A¢tivitie5
By the end of the year I I respite groups were being delivered in localities across the county with 183 young carers aged 8-15
allending. In addition, 261 places were offered on activitie5 including opportunities to partake in sports, wildlife, craft, drama,
sailing. Suiniiicr ALtikilies.
Caring CouJJt5
The health and wellbeing groups were delivered to 43 young carers.
'Ii has hiade me i'ealise that I ni no aloiie and eTreivoize is goiiig ihrough ihe same thing,
'Ii kas helped me leain hoiv fo improve i¥ellbeiiig'
'Thai I skoiild also take care of mvself noljust oihei-people. lo niake newfi'iends aiid to reali5e that not eveiything is in mv conttol
so il s iiot alivay.¥ nii'faiilt.
121 Support
Fourteen young carers (aged 8- 15) benefited from ihis service. The support is based on a model of 6 bespoke sessions that are goal
focussed with each session working towards a small achievablc target towards the larger objective. Sessions inLluded goals around
accessing further services, confidence building, increasing s¢lf_esieem. understanding the caring role and understanding tbe illness
or disability of the cared for.
Targeted Support
Delivery of GYC'S 'Us Too, programmes for young carers c8rÈng for a family member with mental ill health continued to be
delivered despite changes in long standing personnel. Three programmes were delivered during the year. Feedback from the second
programme showed.
> IO0/ had￿n
88 /0 had made friends
88% feli they were not alone now
75 % understood that it wasn'l their fauli if their parent had mentsl ill health
Page 7

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GLOUCESTERSHIRE YOUNG CARERS PROJECT
Report of the Trustees
lor rthe yeAr ended 31 March 2024
INTERNAL AND E4 XTERNAL FACTORS
GYC has continued to successfully deliver to the contract with Glouc¢st¢rshire County Col￿011 (GCC) alld NHS Gloiicestershi
Integrated Care Board (ICB) (fonnally NHS Gloucestershire Clinical Commissioniiig GroLlP) which was awarded in April 2019,
providing S¢Tvice8 to young carers alld young adult carers aged 8 to 24 across GloiiG¢ster8hire. Following the &warding of a Tollovgr
for two ycars the contract llow n￿S imtil the ¢nd of March 2D26,
The Board of Trustees continues with its strategy of diversifying thnding through a Compre￿ensive fundraising strat¢gy'. adding value
to, and extending the services delivered to young carers and their families. maintaining and expallding specialist and innovative
delivery; in¢rea8ing the organisation's fmancial robustness. The ell￿agen￿llt of volunteers, corpoLZtes and con]munity groups 1$
¢rucial to the delivery of this strategy.
GYC'S comtnit¢¢d Board of six trust¢¢s have a wide r￿1ge of high-level experience in user participation, healtb and social c&re,
ediication, children's saf¢guardittg, accountancy and finance, business management and development, and hum￿ resources.
Governance was reviewed at the BoardlLeadership Team Away Day resulting in th¢ revision of Iliree sub ¢ommittees'. Quality,
Governance, HR and s&fegLts￿dlllg' Fu)allG¢ and R¢$ources' Stralegic. Two trustees stepped down] for personal r¢a50llS itL 2022, and
one new trustee wa8 appoillted. We undthake an annual audit of skill gap within the BoaTd and recruit througb loGal networks.
Following review of the internal structure of GYC our skilled and dedicated multi-di8¢iplinary Leadership Team will be jomEd in
May by CELeryl Rhodes as CEO. This reorganisation will ensure GYC 18 fit for PULyose in the coming ye￿￿ to continue to deliver
for young ¢arers and cetnent GYC'S position in the ecosystem of provision for young people arLd families ill GloucesterslLir¢ and
beyond. The Leadership Team alld Board of TruBtees h&ve been siipported in this proGess by a critic￿ Friend funded throiigh the
Youth Stiat¢gic Investmetst Fund. OYC continues to maintaitt a highly sknlled and dedicated frontline alld back-office workforc¢
and ¢n$utes that memb¢rs of staff liave access to continued professiotkal dgvclopment that maintain6 and improves their expertise
attd delivery.
Looking Ahead
We Ejnlicipate that the high level of refeLTals will Continue into 2024-2025 with the associated iLfApact on capaeity- All increase in the
individual need5 of young carers has b¢¢n observed with as80ciated challenges to delivery and the need for creative soliitions. GYC
ontinues to find that many young carers aTe experiencing poor ment2d health and ale fLnding it diffiGult to ac¢¢ss professional
siipporL GYC will continue to work diieLtly with young ¢￿¢r$ and togetker with pl￿¢T agencies to ensiiTe that young carers and
young adiilt carers receive the 8UPPOrt tbat they need, xnd that families are refened to appropriate support.
Tbe year ahead will see GYC prepaLillg for the reteudering of the COLtract with GCC and NHS ICB and Preparing to exit the YSIF
in 2026. Support for the exit fL'om tb¢ YSIF will be provided by our Partllership and Leaming Lead and Critical Friend and learniug
from the YSIF network of partt]¢rs.
We loo1( fonvard to fully embedding th¢ new organisational 8trnctur¢ and ba¢k4)ffice processes streamliiiing oui. service to increase
our cap￿IlY and olfering d¢veloptnellt opportunities for OUT Staff. With invigoi'&L¢d slrategiL lead from our newly appointed CEO,
we will continue our developinent and qualiLy approach lo service deliv¢ry, illfjrellsing our sustainabtlity whi18t cementing and
widening our infliience within the county and nationally to in]prove outsom¢s for young carers and young adult Carers.
Page 9

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GLOUCESTERSIIIRE YOUNG CARERS PROJECT
Report of the Trustees
for the year ended 31 March 2024
InduL'tion and training of ll¢w trustees
All TrLLStees are subject to DBS checks. All Tnistees hav¢ access to training provided for the Voluntary and Community sector.
There is a written policylprocediire on the recniitment and induction of Trustees which includes visits to the office, meetings with
8tatT, and ObSe￿ati0Th of activities and meetings with yoiing carers.
Th¢ managen￿llt Cornmittte continues to keep under review tbe expertise and experience contained within its membership and is
cl￿EntlY recruitillg to expand this,
STATEMENT OF TRUSTEEI S, RESPONSIBILITIES
The trustees (who are also the directors of Gloiicestershire Yoiing Carers Project for the purposes of company law) are responsible
for preparing the Report of the Trustees and the financial statements iii accordance wilb applicable law attd United Kingdom
Ac¢oulltillg Standards (Ulliled Kingdom Generally Accepted Accountillg Practice).
Cofftpany law requires tb¢ tn18te¢s to prepare fitwi¢ial.Itatement8 for each financial y¢ar which give a tru¢ and fair view of tb¢ state
of affairs of the charitable CoMp￿Y and of the incoming resources and application of resoiirces, including the income and
expenditure, of the charitable company for that period. In prepai'ing those financial staten]ents, the trustees ar¢ required tg,.
Select suitable &¢cotmting poli¥i¢s tb¢n apply thetn consistently.
observe the methods atth prinGiples in the Charity SORP.
make judgements and estimates that are reasonable and prudenL'
prepare the fmancial ststejnellls on the going concern basis Ullless it is inappiopriate to presume that the charitsble Company will
continue in buginess.
The trLiStees are responsible for Iceeping proper accounting iecords which dis¢108e with reasonable accuracy at any time the finaftciaj
position ot the charitable compatty and to enable them to ensure that the fiiwicial 8tatetnents cornply with the Companies Act 2006.
They are also respon8ible for safeguardillg the a￿etS of the charitable company and h¢uG¢ for taking ieasonable steps for th¢
prevenliou ttnd detection of fraud and other irregularities.
STATEMENT AS TO DISCLOSURE OF tNFORMATION TO AUDITORS
In so far as lkn¢ Tnist¢¢s &e aw￿￿..
- there is no relevant illfortllalioll of wbi¢& the ch￿1t8¢b]e company's auditor8 are unaware.
each trustee has tal<en all the steps that they ought to have talcen as a tniste¢ iLi order to n￿ke themselves aware of any audit
inforniation and lo establisli that charitable ¢otnpany'5 &udTlors arc awai'¢ of that infornthtion,
Audltors
The auditrjrs, Cooper P&rry Groiip Limited, will be proposed for re-appointment a¢ the forthcoming Anniial General Meeting.
This report has been pr¢pared in accordance with the special PTOViSiOThS of Part 15 of the Companie8 A¢t 2006 relating to small
companies.
This report was approved by the board of trugfr¢8 Oll ..
. and signed on its behalf by,.
Rebec
¥4 Parish- Chair
Trustees
Pagell

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Jo sJaqwaN aui w sjoiipny iuapuad?puI eui Jo ijoda

Report of the llldependent Auditors to the ￿e￿berS of
Gloucestershire Young Carers Project
Matters on which we are required to report by exception
In the light of the l(llowledge and Ullderslanding of the ¢haritabl¢ cotnpany and its eiivitonment obtained in the course of the audit,
we have not identified rnalerial misslat'emenl8 In Ibe Report of the Trustees.
We have notELing to report in r¢sp¢ct of the following n￿llerS where the Companies Act 2006 requires us lo report to you if, in our
opinion.,
adequate accounting records have not been kept orTetums adequate for our audit have not been received fnirn branches not visited
by u8. Of
th¢ firnÈmcial ststem¢nts are not in agreement wilb the accounting r¢¢ords and r¢tum8', or
certain disclosures of trustees, remuneration specified by law are not made; or
we have not received all the iiiformatloll and explanations we reqiiire for our &udit; or
th¢ tnTsts¢s were not entitled to talce advantage of the small ¢ompanies ¢x¢mption from tb¢ requiren]ent to prepare a Strategi
Report or in preparing the Report of the Tnistses.
Respon&lbillties of trustees
A8 explained more fully in th¢ Stalemellt of Truste¢s' Responsibilitie8, the trustees (who are also the diiectors of th¢ charitabl¢
company for th¢ puryoses of Gompany law) are responsible for the preparatioii of the fmancial statements and for being satisfied that
they give a liiie and fair view, and for such internal Gontrol a8 the trustees determine is nec¢8SUy to ¢llabl¢ th¢ p￿paration of finaThGial
$tsten*nts that are free from material rni8Statement, whether due to fraud or error,
In preparing the financial statements. the tnjstees are respotL8ible for assessing the charitable cumpany's ability to continue as a going
conoern. disclosing, as applicable, matters r¢lat¢d to going concern and using the going concernbasis of &CCOUllting unl¢sB the trustees
either intend to liquidate the charitable company or to cease operationg. or have tto realistic alt¢Tnative but to do so.
Our responsibilities for Ihe audlt of the financial statement8
Our objectives are to obtain reasonable assurance about wheth¢r the financial State￿￿￿1S as a whol¢ ￿ fre¢ from materi
misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that itiGludes our opinion. R¢asonabl¢
assurance is a higb level of assurance, but is not & guarantee that an audit conducted in accordance with ISA& (UK) will always detect
a material misslat￿llent when it ￿1518, Mi8Statgmgnts can arise from fraud or error and are considered n￿terIal if, illdividually or in
the aggregate, they couLd reasonably be expected to infiuen¢¢ th¢ e¢onotni¢ d¢¢isions of users lakell on the basis of these financial
statements.
Irregidarities, illcluding frdud, ar¢ instattc¢8 of noll-Gomplianc¢ with laws and regulations. We design procedures in Line with our
responsibilities. outlined above. to detect material misstatsments in respect of irregularities, including fraud. The exlenl to which our
procedures are ¢apabl¢ of detecting irregularities, includiiig fraud is detailed below..
Our assessment focussed on key laws and regulations the charitable company has I'o comply witb and areas of the financial staten]enls
we asse58ed as being more su8L'eptible to misstatement, These key laws and regulations included but weTe not limited ts Compliance
witli the Companies Act 2006, Charilie8 Act 2011, taxation legislatio￿ data proteclioll and anti-bribery legislation.
We &re Dot responsible for prcventing iNegularities, including fraud. Our approach to detecting i￿egUL￿1tjeS inoliiding fraud,
included, bul was not limited to, dLe following:
obtaining an understanding of the legal and regulatoiy fr&rnework applicable to tbe charitable CoMp￿]Y and how
the Gharitable company is complying with that framework, incliidiiig agreement of financial sla*mellt disclosures
to ui)d¢rlying documentation and olheT evidence.
obtaining an ullderstanding of the charit&ble company's control environment and how the charitable company has
applied relevant control procedures, thiougli discussions with rnanagement and by performing walkthrough testing
ov¢r k¢y areas.
obtaining an undetstanding ofthe charitable company's rislc &gses8ment proces8, including the risk of fraud. &id
PLrfortning audit testing to addi'ess the risk of managetn¢lll overyide ol colitrols, including testing jouriial entrics
and other adjustm¢nls for appmpriateness, evalual'ing the business rationale of Significant transaction8 outside the
normal Col￿Se of business and reviewing a¢¢ourtting cstimates for bias.
Page 13

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SO UOU2#lèP JO POQU!1g41I ?iD PJèP!SIIOa OStE 9th 'S?TITJvinEau! Jo uoii?•?p ?iP V?S8?rypB iiom ]!pnE Jno SuTJ?PTStTO? Jslry
{panuuuoJ) s Ju?waiEI5 lYI)uruu aui Jo i!pnE ?111 JOJ S•!iutql8uodsoi Jno
ija!oJ& sJJJ#) ZunoA gJ!usJoisaanoi
Jo slaqWa￿ eui oi saoiipny Juapuadapui auj Jo iJod•

GLOUCESTERSHIRE YOUNG CARERS PROJECT
Statement of Flnanclal Activitles
for the year ended 31 Mareh 2024
2024
Total
nds
2023
Total
fiinds
UnrestriGted
ftinds
Restricted
funds
Notes
INCOME AND ENDOWMEiYfs FROM
Donations and legacies
49.799
200
49,999
63,145
Charitable actlvltles
Support alld activities for young carers
432,495
256,294
688,789
743,050
Other trading &ctivities
Investmelll income
700
5,940
23,500
Total
505,794
256,494
762,288
812,835
LXPENDITURE ON
Raising funds
(9,927)
(9,927)
(8,918)
Charitable a¢tivities
Support and activities for yoimg carers
(568,974)
(378,924)
{947,898)
(850,541)
Total
(578,901)
(378,924)
(957,825)
(859,459)
PIET INCOME I(EXPEI NDITURE)
{73,107)
(122,430)
(195,537)
(46,624)
Transfer¥ behyeen (unds
19
1,000
Net movement in fullds
(74,107)
(121,430)
(195.537)
(46,624)
REI CONCILIATION OF FUNDS
TotAI funds brought forivard
571,536
323,681
895,217
941,841
TOTAL fi UIYDS CAiiRIED FORWARD
497 429
202251
699.680
895,217
The noles forni part of these financial state¥nents
Page 15

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GLOUCKSTERSItIRE YOUNG CARERS PROJII CT
Cash Flow Statement
for the year ended 31 March 2024
2024
2023
Nofrs
Ca$li floivs from operating activltle
Cash generated from operations
176 976)
104,038
N¢t provided by/{used in) operating ￿tIVitIeS
176,976)
Cash flows from Investlng Activities
Purchase of tangible fixed assets
Interest received
(7,496)
5,940
N¢t cash (used in)Iprovida by investing &ctivities
1,556
Change In c*sh and cash equivalents In the
reporting period
Cash and ca8h equivolents t4t the begiulling of
the reportlng perlod
(153,476)
102.482
916 $02
814,020
Cash llnd eash tqulvalents at the erLd of the
reporting pei.iod
763,026
916.502
The notes fonn part of the8e financial State￿entS
Page 17

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GLOUCESTERSHIRE YOUNG CARERS PROJECT
Note5 to the Finallcial Statements
for the year ended 31 Mareh 2024
CCOUNTIIYG POLICIES
Basls of preparlng Ihe flllfin¢lal statements
The fmallcial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in
aG¢ordiwc¢ with the Charitie8 SORP (FRS 102) 'A¢counting and Reporting by Charities.. Statement of Recommended
Praolice applicable to charities preparing their ￿COunt8 itt a¢¢ordanc¢ with the Financial Reporting Stattdard applicabl¢ in
the UK and Repiiblic of Ireland (FRS 102) (effective l Jauuary 2019),, Financial Reporting Standard 102 The Financial
Reporting Standard applicable tn th¢ UK and Republic of Ireland, and the Companies A¢1 2006. The financiaj stalemellts
have been prepared under the historical Cost ¢ollvention.
The signffi¢ant a¢¢oun¢xiig policies applied in the preparation of these fLnancial statements al'e set out below. Tliese policies
have beet) consistently applied to all years presented unles8 otherwis¢ stated.
Going con¢¢rn
The trustees cotttiniie to adopt the going concern assumptton the basis of preparation of the Charity's financi&l statements.
In doing so, the trustees confirni they believe that no material uncertainties exist in the foreseeable ￿tUre regarding the
charity's ability to coutlllU¢ as a going concern. In forming this conclusion, Ibe trnstees have considered the level of funds
held and Ibe expected l¢v¢l of in¢om¢ f￿d expenditure for 12 molltbs frotn th¢ date of authori5illg tL]E￿ financi815tatements.
Income
All illcome is recognised ill tb¢ Statement of Financial Activities once the Charity has ¢lltiil¢m¢llt to tEL¢ funds, it 13 piobable
that the income will be received and the amount ¢an be measured reliably.
Donations
DonLtion8 are recognised on a receivable ba818 wbere there is certainty of re¢¢ipt and the arnount can be reliably me&8ured.
If thei¢ arg wuditions attached to the donation and this requires a level of performance before entitlement can be obtained
then incotn¢ is dderr¢d until those ¢onditiOllS are tully tnet or the fiJifilm¢nl of Lhose condilions is within the control of the
charity and it LS Probable tFLat they will be fulfilled.
Grants receivable
Government and other grants are included ill the Statsrnent of fijwicial Activities on a receivable basis. The balallce of
income received for specific pui'poses butnot expended during thepeiiod is shown io the relevant funds oil the balance 8heeL
IlThere income is received ill advallC¢ of entitle￿ellt of receipt its recognition is deferred and illcluded in creditot3 as d¢ferred
income. Nvhere entidement occurs before incorne is receive4 the income is accrned.
Other illcom¢
Ol'her incon)e. including the hire of faciliti¢s, is r¢Gognised tn tbe period it is receivable alld to the extent the gogds have
been provided or on completion of tlie service.
Interest receivable
Interest on funds held on deposit is incliided when r¢¢¢ivabl¢ ii lld th¢ amount Gan be measured reliably by the Lharity,. this
is num￿llY iipon llotification of the interest puid or payable by the bank,
Volunteer titne
No amount is ftncluded in the financial statements for voluiiteer time in line with the SORP (FRS 102). Further detail is given
in the Trustees, Amual R¢port.
Crltlcal accoiinting estimates and areas of Judgement
Preparation of tho financial staternents has not iequired the TNstees lo make sigLiiric￿lÈ judgerncnls or estimates. There are
no key assurnplions concerning the future alld othcr key Sources of estimation uncerlainly at the i'eporting dale that have a
significallt risk of causing a nulerial adjustment to the carrymg amount of ass¢ts aiid liabilities within the next financial year.
Page 19
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GLOUCESTERSHIRE YOUNG CARERS PROJEI CT
Note5 to the Flnanclal Statements - contlllued
for the year ended 31 March 2024
ACCOUNTING POLICIES - continued
Gifts in kind and don&ted services
Assets dollaled for use by the charity are tr¢ated as donations and capitalised at a valu¢ equivalent to tlie marl<e¢ value at the
date of the donation. Donated services &re not included in the fmancial statements but are tlluch apprecialed by the charity
as shown in the t￿stee$ r¢port,
Debtors
Debtors in¢lude amounts owed to the charity for the provision of services, this includes aLnounls receivable ielating to grants
or contract fi￿ding. Debtorg also include the arnounls that the charity has paid in advance for goods or 8ervices tbey will
receive past the Y￿ end date. ALI debtors are iJeasured using their anticipated recovei'able amounts.
Credilors
Creditors include expenditure thai has a legdl oi. constrLielive obligation th¢11 cornmit8 the ch&rity to niake payment to a third
party or it is probable tbat setilernwl will be required. This eXPeTJditiire will relate to good or servic¢s provided in the past
however the settlen]ent has not tEdc¢n plac¢ before the year end reporting dat¢. Creditors also include any deferred income
the charity ha8 received for serviees not yet provided.
Lenslng ¢ommitment$
Rental8 payable and receivable under operatlllg leases are charged to the Statement of Financial Activities on a straight-line
basis over the period of the lease.
DONATIONS AND LEGACIES
Unrestrlcted
funds
Restrlcted
fuuds
Total
2024
Total
2023
The Helell Foundation donations
Find Nathan Fund donation
Alexander Biim Limited donation
Glouceslei Rotary donation
Oth¢r donations
325
1,750
500
1.200
59,370
49,799
200
49,999
200
49,999
OTHER TRADING ACTIVITIKS
Unrestricted
funds
Restrlcted
funds
Total
2024
Total
2023
Book sales
700
700
Pug¢ 21
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GLOUCESTERSHIRE YOUNG CARERS PROJECT
Not¢8 to the Finan¢i*l St4t¢mellts - continued
for the year ended 31 March 2024
COSTS OF IL4IsfNG FUIYDS
Unrestricted
funds
Restrlcted
funds
Total
2024
Tot
2023
Simdries
9,927
9,927
EXPENDITURE ON CHARITABLE ACTivrriEs
Direct
Costs
Support
eosts
Totil
2024
Total
2023
Support and activities for young carers
739 925
207,973
947,898
850,541
Of the total ￿pendIture oll ch￿Ilable activities of £947,898, £568,974 relates to unrestricted futtds and £378,924 relates to
restricted funds.
DIRECT COSTS
Total
2024
Total
2023
Staff cost8
Activities for young careTS
Artivity tr¢ill8POrt costs
668,023
25,052
46,850
525,128
22,573
40,919
739 925
588,620
SUPPORT COSTS
Total
2024
Total
2023
Staff costs
Rent
Insurance
40,326
50,799
3,427
5,378
4,991
16,984
9,414
23,092
96,365
43,127
3,765
4,126
5,269
14,506
15,239
19,470
lJighl and heat
Telephone costs
Postage and stationery
oiher support costs
Recruitsnent and training
Page 23
continued...

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GLOUCESTERSHIRE YOUNG CARERS PROJEI CT
Not¢$ to the Fin4n¢ial Statemellt5 - continued
for the year ended 31 Mar¢h 2024
12.
TRUSTEES, AND KEY MANAGEMENT REMUNERATION AND EXPENSKS
Tlicrc were no trustees, Itmuneralion or other benefits for tlie year ended 31 March2024 nor for the yeaT eL]ded
31 March 2023.
Trustees, expenses
There were no twstees, expenses paid foi the year eoded 31 March 2024 nor for the year ended 31 March 2023.
Key Management P¢rsonnel
Total
2024
Total
2023
W&ge8 and salaries
Social 8ecurity costs
Pension costs
130,425
13,919
3J75
147 719
149,438
16,364
3,847
169 649
The Charity's key managemgllt persolln¢l comprise the management te&m listed on page l.
13.
STAFF COSTS
Total
2024
Totxl
2023
Wages and salaries
Social secuiity costs
Pension costs
643,006
52,548
12,795
545,325
66,330
9,838
708J49
621493
Th¢ av¢rag¢ monthly number of ￿￿p10Y¢¢S during the year was as follows.,
2024
31
2023
32
Support sl&ff
No employees r¢¢eived emolumonts in ¢xG¢ss of £60,000.
The above figure includes wages and salaries costs for both support staff and diiect service staff.
Page 25
continu¢d,,.

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GLOUCESTERSHIRE YOUNG CARERS PROJECT
Noles to the Flnancial Statements - contlnued
for the year ended 31 March 2024
15.
TAIYGIBLE FIXED ASSETS
Fixture8
Coinputer
eqiiipment
fittings
Totals
COST
At l April 2023
Additions
22,481
42,500
64,981
At 31 March 2024
22,481
42,500
64,981
DEPRECIATION
At l April 2023
Cbarge for year
21,865
154
24,815
4,425
46,680
At 31 March 2024
22.019
NET BOOI< VALUE
At 31 March 2024
462
At 31 March 2023
616
16.
DEBTORS: Amouiyfs FALLING DUE WITHIN ONE YEAR
2024
2023
Trade debtors
Prepayments and &ccnied inLome
3,270
1,388
1,365
1,365
4,658
17.
CREDITORS: AMOULYtS FALLING DUE WITHIN OIYE YEAR
2024
2023
Tr&de cieditOTS
Social 8¢ciwity and other taxes
Credit c￿d
9,061
12,898
3,283
40,941
12,250
21,564
10,721
2,612
Nel wages
A¢Gruals and defett¢d incone
78,433
44,244
Page 27
¢otttittued...

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CLOUCESTERSHIRE YOUNG CARE, RS PROJECT
Note5 to the flinancial Statements - continued
for the year ended 31 March 2024
19.
FUNDS (¢ontinued)
Julla & Hans Rauslng Trust
The funds will be used towards the expansioll of the Youllg Adult Carer service.
Natlonal Lottery
The fund will be used lowar(Ls the delivery of our young carer respite groups,
NHS Cloucestershire ICB
The flmds will be used for services for chil(tren of parents with a meiital illness. The fLmds will be used towards a social
presciibing project.
Paul Hamlyn Foundatlon
The funds will be spent across die following intei-related area8'.
Co-produ¢tioll - CoJ¢iniiation artd furtb¢r development of young carer led workshops for profesgionals (The Mosquito
Mission).
Independent Evaluation
Cvlou¢¢st¢rshire.
Strat¢gi¢ DeYelopment- Branding Gloucestershire Young Carers as #n asset-b&$ed oi'ganis&tion and utilising this as a'unique
selling point, (USP).
Evaluation of GYC'S co-productioll as ass¢t-based approau.h by The Universlty of
Simon Smlth - Donatlon
The funds will be ￿￿ed lowarots the expansion of the Young Adult Carer service.
Th¢ Helen Foundatlon
The BUr8￿Y fill￿ was set up with donations and has becn supplemented by per8onal donations and specific fimd-raising.
Where possible, it is augmented with 8 y¢arly contribution from unrestrict'ed donatiolls to GYC, as determined by the Board
of Tru8ts¢s.
This buTsary 8¢eks to address, in & small way, the financial obstacles that inany young carers experience as they fac¢ the
transition into adul¢hood and to help them realise their potential,
Trianglc Trust
The funds will be used towards a new EduGation Offi¢¢r post.
20.
RELATED PARTY DISCLOSURES
There were no related party trdnsacciolls during the year ended 31 March 2024 Dr the year ended 31 Marcli 2023.
21.
COMPANY LIMITED BY GUARANTEE
The compally is a charitable company limited by guarantee and not having a share capital. The guarantee of the members is
limited ID & contribution of £1 each in the event of tbe company being wound up wbilsl that person is a member or witbiti
Olle year of ceasing to be a rnejnber.
Page 29