Charlty RegIstrn￿On No. 1096822
Company Registrdtion No. 04625597 (England and Wales
CHERRYfREE SUPPORT SERVICES LIMITED
UNAUDITED ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

CHERRYfREE SUPPORT SERVICES LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
D1￿ctOrS
Steve Walker (Chair)
Alan Brovm
Jon Dunn
John Fuller
Janice Hoole
Liz Murray
Jon Smith
Lynne Urpeth
Secretary
Jon Smith
Charlty number
1096822
Company numbor
04625597
Prlncipal address
Mickley Lana
Totley
Stteffield
S17 4HE
Reglstered offlce
Mlckley Lane
Totley
Sheffidd
S174HE
Indepondent Examlner
Sutton McGrath Hartley
5 Westbrook Court
Sharrow Vale Road
Sheffield
S118YZ
Bankers
Royal Bank of Scotland PLC
5 Church Street
Sheffield
S11HE

CHERRYfREE SUPPORT SERVICES LIMITED
CONTENTS
Pago
Trustees, report
Independent examiners, report
Statemenl of financial activities
Balance sheet
Statement of Cash flows
Notes to the accounts
8-19

CHERRYfREE SUPPORT SERVICES LIMITED
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
The directors present their report and accounts for the year ende(131 March 2024.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and
comply with the company's Memorandum and Artides of Associats"on, the Companies Act 2006 and "Accounting
and ReportÉng by ChaTities'. Statement of Recommended Practice applicable to charities p￿paring their accounts In
accordance with the Financial Reporting Standard applicable in the UK and Republic of IrelarKI (FRS 102) (effective
1 January 2015).
Objectlves and actlvftles
The company's objectives are to..
provide a safe pla￿ for homeless single young people to live.
provide support and life skills training-
help young people re-establish thelr lives and move either into thelr own accommodation or baGk to their
family home.
The company meets its objectives by offering accommodation, support and in-house counselling. Accommodation
comprises a twenty-bed hostel on Mickley Lane in the Sheffield suburb of Totley and an eight-room house on
Granville Road, near the city centre. The directors recognise their responsibilities by ensuring that the company
continues to provide a service of publlc benefit and to this end, refer to Charity Commission guidelines.
Achlevements and performance
During the year, occupancy rates were 89% for Mickley Lane (2022-22 - 87%) and 93% for Granville Road (2022-
23- 95%). 29 young p￿pIe were moved on In a positivé manner during the year.
A new post of Home & Health Worker was filled in Aprll 2021 for a fixed term of a year, using the six months,
defer￿d income rfngfenced in the previous year's Homeless Link grant, followed by a matching amount from
Cherrytree. This role provides much needed support to young people moving from the company's
accommodation to their own properts'es, both before and after the move. The role has proved so valuable that
Cherrytree agreed to extend its funding of the post until 31 March 2026.
Flnan¢lal revlew
The decreaso of £19,780 in fund balances resulted in unrestricted funds of £19,626 at the year end.
The company's main fundlng Sou￿8 are Sheffield City Council's Supporting People Grant and rents paid by the
Beneffts Agew for residents in the company's accommodation. The principal risk to the company is the loss of the
contract with the Council. In order to mitigate this risk, the company ensures that the service provided to young
people 1$ a positive expersence, Covering their needs through 8 dedicated team of professionally trained staff. The
contract was renewed with effect from 1 April 2022 for a period of five years.
The Chaiman and Chief Executive Officer met with the Council in January 2024 to explain the company's issues
with the level of support being re￿ived, vthich had not increased in line with costs in recent years. In particular, it
was stated that in the medium term, the company may be unable to meet its commitments and be forced to make
difficult decisions about its futur8.
The company continued to receive financial support from CheTrytree, which. in addition to its regular contributions,
provided resources of £50,000 during the year to help overcome cash flow drfficulties.

CHERRYTREE SUPPORT SERVICES LIMITED
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Structure, governance and management
The company is limited by gu£rantee (charity registration number. 1096822 and company registration number:
04625597). It is govemed by the Memorandum and Articles of Association.
Trustees and directors who seN6d during the period were:
Steve Walker (Chair)
Alan Brown
Jon Dunn
John Fuller
Janice Hoole
Lti Murray
Jon Smith
Lynne u￿th
None of the directors have any beneficial Snterest in the company.
The members of the company may by ordinary resolution appoint any indbvidual to fill any vacancy In the
directorship. All directors must retire at each Annual General Meeting but are eligible for re-election. Induction and
training of new directors is undertaken by the company secretary and existing directors.
The board of directors considers and formulates the company's policies. It is also responsible for the actual
management of the company, making or altering rules and regulations and authorising expenditure. The directors
have delegated the daY-t￿laY management of the company to the Chief Executive Officer. The directors review
pay rates annually. The directors have assessed the major risks to ￿1¢h the company is exposed and are satisfied
that Sy8t8m8 8r6 in place to mitigata exposure to these rfsks.
Chefv (registered charity number 232351) is the sole member of Cherrytree Support se￿1￿ Limited.
Cherrytree pays grants to Cheryt￿e Support Services Limited.
Reference and admlnlstratlve d•talls
The prinGipal DfftGe cf Chenwree Support SeTh*i¢es Limited is Cherrytree, Mi¢kley Lane, Totley, Sheffield, S17
4HE. The company number is 04625597 and the charity registration number Is 1096822.
Oetalls of the dlrectors that served during the year and the delegation of day-ttrday management of the company
are provided under the heading 'Structure, govemance and mana9ement' above.
Future plans
During the ongoing challenging financial environment, interim additional support from Cherrytree stabilised the
position during the year. Further support may be needed during the next year, which Cherrytree has agreed to
provide as ne￿ssary.

CHERRYfREE SUPPORT SERVICES LIMITED
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Asset cover for funds
Note 17 sets out an analysis of the assets attributable to the various funds. These assets are sufficient to meet the
company's obligats.ons on a fvn&by-fund basis.
Statement of dlrectors. responslbilities
The directors, who also act as trustees for the charitable activities of Chetyree Support Services Limited, are
responsible for preparing the directors, report and annual accourrts in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company Law requires the directors to prépare accounts for each financial y8ar whlch give a true and fair view of
the state of affairs of the company and of the incoming resources and application of resources, induding the
income and expenditure, of the charitable company for that year.
In preparlng these a￿OUnt8, the dlrectors are required to:
select suitsble accounting policies and then apply them consistently;
- observe the methods and principles In the Charities Ststement of Recommended Practice;
- make judgements and estimates that are reasonable and prudent:
state whether appllcable UK Accounting Stsndards have been followed, subject to any material departures
disdosed and explained in the acc¢)unts; and
prepare the accounts on the going concem basis unless it is Inapproprtate to presume that the company thrtii
continue in operats'on.
The directors are responsible for keeping adequate acwuntlng records that disclose with reasonable accuracy at
any time the financial position of the company and enable them to ensure that the accounts comply with the
Companies Act 2006. They arè also responsible for safeguarding the assets of the company and hence for taking
reasonable steps for the prevention and detection of fraud and other i￿egUlaritieS.
The directors are responsible for the maintenance and integrity of the company and Ilnancial information included
on its website. Legislation in the United Kingdom goveming the preparation and dissemination of accounts may
differ from legislation in other jurisdictions.
The directors. report was approved by the Board of Directors.
gfo
Steve Walker (Chainnan)
Date

CHERRYTREE SUPPORT SERVICES LIMITED
INDEPENDENT EXAMINER'S REPORT
TO THE MEMBERS OF CHERRYfREE SUPPORT SERVICES LIMITED
FOR THE YEAR END 31 MARCH 2024
I report on the accounts of the company for the year ended 31 March 2024, which are set out on pages five to
seven.
Responslblllties and basis of report
As the charity's trustees (and also the directors for the purposes of company law) you are responsible for the
preparation of the accounts in accordance with the requirements of the Companies Act 2006.
Having satisfied myself that the charitable company is not subject to audÈt under company law and is eligible for
independent examination, I have examined your charitys accounts as required under section 145 of the
CharÉties Act 2011 ('the AGV). In carrying out my examination I have followed the DI￿¢￿.0￿$ given by the Charty
Commission under section 145(5)(b) of the 2011 Act
My role is to stats whether any material rnatters have come to my attentlon glving me cause to believe,.
1. that accounting records were not kept as required by section 386 of the Companies Act 20(X8; or
2. that the accounts do not accord with those records. or
3. that the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006
and with the methods and principles of the Charities Ststement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic
of Ireland,. or
4. that there is further infomiation needed for a proper understanding of the accounts.
Indèpendent examlnerfs statement
I have completed my examination and have no concerns in respect of the matters {1) to (4) listed above and, In
connection with ft)Il¢)wing the Directions of tha Charity Commission I have found no matter3 that require drawlng
to your attention.
Jonathon Dickens FCA
Sutton McGrath Hartley
5 Westbrook Court
Sha￿OW va￿ Road
Sheffield
S118YZ
Date;

CHERRYTREE SUPPORT SERVICES LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME & EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Unrestrlcted
funds
general
Unrestrlcted
funds
designated
Restricted
funds
Total
Total
202>24 2022-23
Incorne and
endowments from:
Charitable activities
711,942
773
62,222 774,164
686,179
Investments
Donations and other
income
773
2,853
2,853
4,902
Total income
715,568
62,222
777,790
691,387
enditur8 0
Charitable activit
735,348
62,222
797,570
766.634
Total resources
expended
735,348
62,222
797,570
766,634
Net outgolng
resources beforn
transfers
Gross transfers betsveen
funds
(19.780)
(19,780) (75,247)
Net expenditure for the
year I net movement In
funds
Fund balances at 1 April
2023
Fund balances at 31 March
2024
(19,780)
(19,780) (75,24n
39,406
39,406
114,653
19,626
19,626
39,406
The statement of financial activities includes all gains and losses reGognised in the year.
ASI income and expenditu￿ is derived from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account
under the Companies Act 2006.

CHERRYTREE SUPPORT SERVICES LIMITED
BALANCE SHEET
AS AT 31 MARCH 2024
31 March 2024
31 March 2023
Fixed assets
Notes
Tangible assets
Current assets
Debtors
Cash at bank and in
hand
13
42,280
27,692
18,406
26,683
60,686
54,375
Credftors: amounts lalling due
within one yoar
14
(41,060)
{14,969)
Net current assets
19,626
39,406
Total assats loss current liabilities
19,626
39,406
Income funds
Restricted funds
Unrestricted funds:
Designated funds
General unrestricted
funds
15
16
19,626
39,406
19,626
39,406
19,626
39.406
The accounts were approved by the directors on 1 July 2024.
For the financial year in question the company was entitled to exemption under section 477 of the Companies
Act 2006 relating to small companies. No members have required the company to obtain an audit of its accounts
for the year in question in accordan￿ with section 476 of the Companies Act 2006.The directors aGknowledge
their responsibilty for complying with the requirements of the Act with respect to accounting records and for the
p￿paration of accounts.
These accounts have been prepared in accordan￿ viith the provisions applicable to companies subject to the
small companie
Steve Walker (ChaimBn)
Date:
Company registration number: 04625597

CHERRYfREE SUPPORT SERVICES LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
202>24
2022-23
Note
Cash flows from operatlng actlvities
Cash absorbed by operations
20
(9,050)
(92,808)
Investing activltles
Interest received
773
306
Net cash generated from investlng activltles
773
306
Net decrease In cash and Cash equivalents
(8,277)
{92.502)
Cash and cash equivalents at beginning of year
26,683
119,185
Cash and cash equlvalents #t end of year
18,406
26,683

CHERRYTREE SUPPORT SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting pollcles
Company inforniatlon
Cher￿ree Support Services Lim6ted is a private company limited by guarantee incorporated in England and
Wales. The registered offsce is Mickley Lane. Totley, Sheffield, S17 4HE.
1.1 Accountlng converrtlon
The accounts have been pr&pared in accordance with the charity's Memorandum and Articles of Ass¢xiation,
the Companies Act 2006 and 'Accounting and Reporting by Charities.. Statement of Recommended Practice
applicable to charities p￿Paring their accounts in accordance with the Financial Reporting Standard applicable
in the UK and Republic of Ireland (FRS 102)° (as amended for accounting periods commencing from 1 January
2016). The charity is a Public Benefit Entity as defined by FRS 102,
The accounts are prepared in sterling, ￿1¢h is the functional currency of the company. Monetary amounts in
Ihese financial statements are rounded to the n8arest pound.
The accounts have been prepared under the historical cost convention. The principal accounting pollcle8
adopted are set out below.
1.2 Golng concern
At the tlme of approving the accounts, the dlrectors have a reasonable expectstion that the company has
adequate resour￿8 to continue in operational existen￿ for the foreseeable fuiure. Thus the dlrectors continue
to adopt the 90ing concem basis of accounting in preparing the arxounts.
1.3 Charftable funds
Unrestricted fund9 are available for use at the discretion of the directors in furtherance of their charitable
objectives unless the funds have been designated for other purposes.
Deslgnated funds are part of unrestricted reserves, but have been set aside by the dlrectors for a specific
purpose.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and
uses of the restricted funds are set out in tt)e notes to the accounts.
1 A Incomlng resources
Income is recognised ￿en the company is leg8lly entitled to it after any perforniance conditions have been
met, the amounts can be measured reliably, and it is probable that income viill be received.
Grants 8re credited to revenue when receivable. They are considered receivable when the conditions for re￿Ipt
Qf Ihe grant are deemed, by the directors, to have been met.
Rents are credited to revenue when receivable.
Interest on funds held on deposit is induded ￿en receivable and this is noM￿llY upon notification of the
interest paid or payable by the bank.
No income is shown net of expenditure.

CHERRYfREE SUPPORT SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting pollcles
1.5 Resources expended
All expenditure is accounted for on an accruals basis.
Costs relating ￿IrectlY to the objects of the company. or support costs. are Ireated as costs in the furtherance
of the company's objects.
Govemance costs include expenditure for compliance and managemerrt of the company.
1.6 Tanglble flxed assets
Tangible fixed assets are initially measured at cost and subsequently rneasu￿d at cost or valuation. net of
depreciation and any impairment losses.
The policy is not to capitalise items below a cost Df £1,000.
Depreciation Is recognised so as to vKit8 off the cosi or valuation of assets less their residual values over their
useful lives on the following bases:
Motor vehicles
25% Reducing balance
The gain or loss arfslng on the disposal of an asset 1$ determined as the difference between the sale proceeds
and the carrying value of the assét, and is recognised in net incomel (expendrture) for the year.
It is the policy of the company not to caiytslise fumiture and equipment as this is deemed to be a malntenance
cost and as such, 1$ charged to expenditure.
1.7 Impalrmont of fixed assets
At each reporting end date, the chwity reviews the carying amounts of its tangible assets to detennlne wheth8r
there is any indication that those assets have suffered an impairment loss. If any such indication exists, the
recoverable amount of the asset is estimated in order to determine the exient of the impairment10&8 (rf any).
1.8 Cash and Gash oqulvalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-tefm liquld
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
1.9 Flnanclal Instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Ingtrurnents, and Sectlon 12
'other Financial Instruments Issues. of FRS 102 to all of its finanaal instwments.
Financial instruments are recognised in the company's balance sheet when the charity becomes paty to the
contractual prcvisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statemerrts, when
there is a legally enforceable right to set off the recognised amounts and the￿ Is an intention to settle on 8 net
basis or to reajtse the asset and 88ttle the liabilty simultaneousty.

CHERRYTREE SUPPORT SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting pollcles
Basic flnanclal assets
Basic financial assets. which include debtors and cash and bank balances, are initially measured at transadion
Pri￿ including transaction costs and are subsequently carried at amortiseL1 cost usin9 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 at a market rate of interest. FinanLaal assets classified as
receivable within one year are not amortised.
Impalmient of financlal assets
Financial assets, other than those held at fair value through income and expenditure, are assessed for
indicators of impainnent at eath reporting date. Financial assets are impaired where there is objective evidence
that, as a result of one or more events that oCcU￿ed after the initial recognition of the fina￿la1 asset, the
estimated future cash flows have been affected.
If an asset is impaired, the impaimient loss is the difference between the carrylng amount and the present value
of the estimated cash flows discounted at the asset's original effective interest rate. The impaimient loss is
recognised in net incomel (expenditure) for the year.
If there is a decrease in the Impainnent loss arlsing from an event occurring after the impaiment was
recognised, the impairment is reversed. The reversal is such that the cuffent carying 8mount does not exceed
what the carrying amount would have been, had the impairment not previously been recognised. The
Impalm￿nI reversal is recognised in net incomel (expenditure) for the year.
D•rncognlUon of flnanclal assets
Financial assets are derecognised only when the contrdctual rights to the cash flows from the asset explre or
are settled. or when the charity transfers the financial asset and substantially all the risks and rewards of
ownership to another ents'ty, or if some significant risks and rewards of ownership are retained but control of
the asset has transferred to another party that is able to sell the asset in its ents.rety to an unrelated third party.
Bask financial liabllhles
Basic financial liabilities, including creditors and bank loans are initially recognlsed at transaction price unless
the arrangement constitutes a finanGing transaGtion, where the debt instrument is measured at the present
value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable
ithin one year are not amortised.
Debt instruments a￿ subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year
or less. If not, they are presented as nonwcurrent liabilities. Trade creditors are recognised initially at transaction
price and subsequently measured at amortised cost using the effective interest method.
Derecognltlon of financial Ilablllties
Financial liabilities are de￿￿gnised when the charitys contractual obligations expire or are discharged or
cancelled.
1.10 Employee beneffts
The cost of any unused holiday entitlement is recognised in the period in which the employee's SeNi￿S are
received.
Termination benefits are recognised immediately as an expense when the chartty is demonstrably committed
to temiinate the empSoy7nent of an employee or to provide tennination ben8frts.
10-

CHERRYTREE SUPPORT SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Ac¢ountlng poli¢les
1.11 Retlrement benefits
Payments to def5ned contribution retirement benefit schemes are diarged as an expense as they fall due.
These contribulions are invested separately from the c¢)mpany's assets.
1.12 Value Added Tax
Value Added Tax is not re¢Xsverable by the company and as such is induded in the relevant costs in the
Statement of Financial Activities.
1.13 Leases
Rentals payable under operdting leases, induding any lease incentives received. are charged to expenditu
on a straight-line basis over the term of the relevant lease.
Crltlcal accountlng estlmates and Judgements
In the appllcatlon of the company's accounting policies, the directors are required to make judgements,
estimates and assumptions about the carrying amount of assets and liabilib'es that are not re8dily apparent from
other sources. The estimates and associated assumptions are based on historical experience arKI other factors
that are considered relevant Actual results may differ from these egts'mate8.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revlslons to 8ccountlng
estimates are recognised In the perfod in which the estlmate is revised where the revision affects only that
period, or in the period of the revision and future perlods where the revision affects both current and fvture
periods.

CHERRYfREE SUPPORT SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
3 Charitable activities
2023-24
2022-23
Supporting People Grant
Residents, rents
Benefits Agency rents
Cherrytree grants
315,626
24.804
321,512
112,222
315,093
12.786
290,327
67,973
686,179
774,164
For the year ended 31 March 2024
Unrestricted funds -
general
Restricted funds
711,942
62,222
774,164
For the year ended 31 March 2023
Unrestricted funds-
general
Restricted funds
618,206
67,973
686,179
The Supporting People Grant funds the provision of housing to those who need support
Cherrytree grants contribute towards the costs of a project Y￿rker, counselling and resldents, acts"vitles on an
ongoing basis, and the Horne & Health Worker for a fixed term from 1 October 2021 to 31 March 202e. During
the year, a further £50,000 was granted to help the company overcome cash flow difficulties.
4 Investments
2023-24
2022-23
Interest receivable
773
In the prior year. all investment income related to unrestrictsd funds.
12-

CHERRYTREE SUPPORT SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
5 Donatlons and other income
2023.24
2022-23
4,902
Donations and other income
2,853
In the prior year, all clonations and other income related to unrestricted funds.
6 Charltable actlvities
2023-24
2022-23
staff costs
Securty
Depreciation
Motor vehicle expenses
Repairs, renewals and maintenance
Lighting, heating and cleaning
Rates and insurance
Staff tralning
Rentsl of properties
Homeless Link system
General expenses
Skills initiative
376,988
57,494
385,695
49,652
998
5,724
26.169
86,780
13,798
1,452
45,794
4,644
200
24,473
645,379
6,243
18,218
114,293
16.372
1,012
51,048
4.732
414
22,922
669,736
127,834
Share of govemance costs (see note 7)
121,255
797,570
766,634
In the prior year £68,801 of expenditure on charitable activities related to restricted funds.
7 Support costs
2023-24
2022-23
Basls of
allooatlon
Govemanc
Governance
Goveman
Governan
Govemance
Staff costs
Independent examinerfs fee
Postage, stationery and telephone
Computing costs
Legal fres
97,468
2,340
21,704
4,422
1,900
90,472
2.040
24,823
3,920
127,834
121.255
13-

CHERRYTREE SUPPORT SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
8 Independent examlnerfs remuneration
The analysis of independent examinels remuneration is as follows
Fees payable to the Independent examiner:
2023-24
2022-23
Independent examination of the annual accounts
2,340
2.040
9 Dlrectors
None of the directors (or anyone connected with them) received any remuneraticjn, beneffts or expenses from
the company during the year. Directors, indemnty insurance cover is included in the overall insurance
premiums paid.
10 Employees
Number of employees
The average monthly number of employees during the year was:
2023-24
Number
2022-23
Number
Managerial
Administrative
Project work
14
17
15
17
Employment GQ15ts
202>24
2022-23
Wages and salaries
Social security costs
Other pension costs
435,208
33,565
5,683
474,456
438,161
31,687
6,319
476,167
During the year there were 3 part time staff <2022-23 - 3).
The estimate of the equivalent number of fvll-time staff is 16 employees (2022-23 - 15).
No employee recelved remuneration of £60,000 or more (2022-23 - Nil).
14-

CHERRYTREE SUPPORT SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
11 Tangible fixed assets
vehicles
Cost
At 1 April 2023
At 31 March 2024
29,100
29,100
Depreclatlon and Impalmient
At 1 April 2023
Depreciation charged in the year
At 31 March 2024
29,100
29,100
Carying amount
At 31 March 2024
At 31 March 2023
12 Flnancial instruments
2023-24
2022-23
Carrylng amount of financial assets
Debt instruments measured at amortised cost
30,438
14,547
13 Debtors
2023-24
2022-23
Amounts falllng due wlthin one year
Other debtors
Amounts owed by Cherrytree
Prepayments and accrued income
10,910
3,637
13,145
27,692
24.907
5,531
11,842
42,280
14 Credltors
2023-24
2022-23
Amounts falllng due wlthin one year
Accruals and deferred income
41,060
14,969
As at the previous balance sheet date, were no accruals relating to deferred income at 31 March 2024.
15-

CHERRYTREE SUPPORT SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
IS Restrlcted funds
The income funds of the company indude restricted funds comprising the following unexpended balances of
donations and grants held on trust for specAfic purposes:
ovement in funds - current year
Incomlng
Resources
resources
expended
Balance at 1
Aprll 2023
Balance at 31
March 2024
Cherrytree fund
Motor vehicle fund
Homeless Link fund
62,222
(62,222>
62,222
(62,222
Movement in funds - prevlous year
Balance at 1
Incomlng
Resources
April 2022
resources
expended
Balance at 31
March 2023
Cherrytree fund
Motor vehicle fund
Homeless Link fund
67,973
(67,973)
(828)
828
828
67,973
68,801
The Cherrytree fund contributes towards the cost of a project worker, counselling and residents, activities on
an ongoing basis, and the Home & Health Worker for a fixed tem from 1 October 2021 to 31 March 2026.
The motor vehicle fund contributed to the cost of an all-purpose vehide for the transportation of residents
during their a¢tivities.
In 2020-21, Homeless Link awarded a grant of £38,675 to support costs and income loss arislng from the
COVID-19 pandemic. £8,250 of this was deferred to match the first months. costs of the Home & Health
Worker post, for which recruitment was delayed until 2021-22.
16-

CHERRYTREE SUPPORT SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
16 Deslgnated funds
Th& income fund of the company represents the following designated fund which has been set aside out of
the unrestricted fund by the trustees for specific purposes:
Movèment in funds - current year
Incomlng
resources
Balance at 1
Aprll 2023
Resources
expended
Balance at 31
March 2024
Transfers
Major repairs fvnd
Movement in funds - previous year
Incoming
Resources
resources
expended
Balance at 1
April 2022
Balance at 31
March 2023
Transfv
Major repairs fund
83,564
83,564
(83,564)
183.564)
The major repairs fund was established to recognise that major repairs to the propety occur over extended
periods and a fund should be set aside to meet these costs as and when required. L)uring 2022-23, the
directors decided that the fund was no longer required and transferred the balan￿ to unrestricted funds.
17-

CHERRYTREE SUPPORT SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
17 Anatysis of net assets between funds
Current yèar
Unrostrlcted
Funds
Designated
funds
Restrfct¢d
funds
Total
Fund balances at 31 March 2024 are
represented by:
Tangible assets
Net current assets
19,628
19,626
19,626
19,626
Prevlous year
Unrestricted
funds
Designated
funds
Restricted
funds
Total
Fund balan￿$ at 31 March 2023 are
represented by:
Tangible assets
Net current assets
39,408
39,406
39.406
39,406
18 Oporatlng lea8e wmmitments
At the reporting end date. the company had outstanding commitments for future minimum lease payments
under non-cancellable operating leases which fall due as follows:
2023-24
2022-23
Within one year
17,200
19 Related party transactlons
Debtors (nots 13) included £5.531 (2022-23 - £3.637) owed by Cherrytree. Cherrytree Support Seprfices Limited
is a company limited by guarantee and Cherrytree is the sole member. 11 the company is dissolved, CherWee
promises to pay £1 towards the cost of dissolution and the liabilities incurred by the company while Cherrytree is
a member.
During the year. Cherrytree Support SeNices Limited received £112,222 {2022-23 - £67,973) from Cherrytree to
meet its charitable expenditure costs. The company pays Cherrytree rent for Ihe use of Mickley Lane via Target,
which in the year amounted to £12,000 (2022-23 - £12,000). Miscellaneous expenditu￿ totalling £200 (2022-23
- £200) vras paid by Cherytree on behalf of Cherrytree Support Services Limited.
Consolidated accounts have not been prepared as the trustees of Chetyree do not believe they direct the
operations of Cherrytree Support Services Limited.
18-

CHERRYfREE SUPPORT SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
20 Cash generated from operations
2023-24
2022-23
De￿¥t for the year
(19,780)
(74,749)
Adjustments for.
Investment income recognised in statement of financial 8Ctivities
Depreciation and impairment of tangible fixed assets
(773)
(306}
500
Movements in working capital:
Increase in debtors
Increasel(decrease) in credltors
(14,588)
26,091
(6,636)
(11,617)
Cash absorbod by operations
(9,050)
(92,808)
19-