Re8lStered Company Number.. 05641665 (England and Wales) Registered Charity Number.. 1114192 Report of the Trustees and Unaudited Financial Statements For the Period Ended 315t March 2024 For Close House Projerts
Close House Projects Contents of the Financial Statements For the year ended 31st Mèrch 2024 Contents Page Charity and Company Information Trustee's Report Statement of Dlrectorsrfrustees Responslbilitles Accountants Report Statement of Financlal Actlvltles Income aryl Expentlitvre Account Balance Sheet Notes to the Accounts 2to6 Iotoll 12to20
Close House Projects Report of the Trustee5 Company Information For the year ended 31st March 2024 Close House Projects is established as a Company limited by guarantee and is registered 8$ a Charity with the Charity Commission. The affairs of the Company are governed by it5, Memorandum and Articles of Association. The liability of the members in the event of the Company bein8 wound up is limited to a SLtm not exceeding £10. Chalr Dr L Othtrim Directors Mr R Kèlly Mr S Pratley Rev A Dodwell Dr L Outtrim Rev I P Cardosa Dutra Miss F Roberts Secretary MrBLea Accountants and Independent Examlner Luke Keegan Chartered Management Accountant Greendawn Accounting Limited IA The Homend Ledbury Herefordshire HR8 IBN Bankers Santander Bootle L304GB CAF Bank LtLI 25 Kings Hill Avenue West Mallin8 ME19 4JQ Registered Office Close House 3 St Peters Close Hereford HRI 2DL Registered Number 05641665 Charlty Number 1114192
C105e House Projerts Report of the Trustees Company Information For the year ended 31st March 2024 Introduction The trustees are pleased to present their annual directors report together with the consolidated financial statements of the charity for the year ended 315t March 2024 which are also prepared to meet the requirements for a directors, report and accounts for Companies House. The financial statements comply with the Charities Act 2011, the Companie5 Act 2006, the Memorandum and Articles of Association and the Accounting and Reporting by Charities.. Statement of Recommended Practice Applicable to charities preparing thèir a¢tount5 in accordance with the Financsal Reporting standards applicable in the UK and Republic of Ireland IFRS1021 la5 applied to small entities by section IA of the standard) leffective I January 20151. The Board of Trustees are satisfied with the performance of the charity during the year and the position at 31st March 2024 and consider that the charity is in a p051tion to continue its activities dijring the coming year. and that the charity's assets are adequate to fulfil it's obligations. However, there is a recurfing dependence on bid- writing and fundraising that is a constant dem3nd on resource5 in a climate of increasing competition on diminishing funds. Name. registered office and constitution of the tharity The full name of the charity is Close House Projects. The legal registration details are.. Date of incorporation Company Registration Number The Re815tered Office t5 Charity Registration Number is The telephone number is 1st December 2005 05641665 Close House, St Peters Square. Hereford. HRI 2DL 1114192 01432274239 Objertives and Artl¥itie5 of the Charity A summwi of the objetts as set out In its 8overnin8 d0ment The objectives and principal activities of the charity are to help young people in Herefordshire especially but [t exclusively through their leisure time activities so as to develop their physical, mental and spiritual capacities that they may grow to full maturing individuals and members of society. The strategies employed by the charity to meet these objectives are to l. Provide a range of services aimed at improving the quality of life for young people in Herefordshlre 2. Continue to improve the level of services, information and advice provided. 3. Monitoring the level of income received by the charity. Publlc benefit that is provided the by the charity Close House works with young people. offering safe Social meetsng spaces and leisure activities that improve their social, physical and spiritu31 developrnent. Close House Wofks in a holistic and inclusive way, with services accèssible by all young people. We offer young pèople a real voice in their communities and enable them to fully participate in the life of their community.
Close House Projects Report of the Trustees Company Inf+xm•tion For the year ended 31st March 2024 An explanation of the charlty's main objectives for the vear. We continue to providè drop-in social support and Youth Work from Close House. the former vicarage of St Peters. We use the building and occasionally church space. a5 a base for activities and Youth Volunteering projects aeross the city. An explanatlon of the charity's Strategies for achievlng Its Stated objectives. Close House will continue to offer Safe, Social meeting spaces for young people. together with a range of activities decided upon by the young people. Our work will be carried out in the city centre and at a number of different community spaces. We will tontinue to develop the rage of projects as the need arises. The Charity'5 grant making policies The charity does not make grants to other organisation5 The contributlon of volunteers The Charity has a governing bo3rd of 7 Irvstees who are also dlrector5 of the company, all of whom are volunteers. The charity also utilises the setvices of several volunteers at any one time on a regular basis, some of whom are involved on traininR schemes. In¥estmenl perfrKmon¢e xhleved against investment objeciives set We have been able to successfully build rèserves to give ourselves a healthy start for the coming year. and the local community and local Charitable Trusts are to be thanked for this, alongside the hard work o* the youth worker5 who achieve the target5 set by their respective lunders. Summary of the main achievements of the tharlty durln8 the year 2023124 has proved a year of reestablishment for Close House. A5 the post-covid Community Resilience funds flnished up. we were fully appreciative of the Eveson Trust who gave us capacity to navigate the Changes in the Herefordshire youth work sector. Our Holiday program$ grew from strength to strength. and the Outback club received their f¥rst Stjbstantial grant, which secures the provision for 2 years. With two staff achieving their Youth Work cenCeS, and two new staff embarking on their journeys, the small team are qualified and strong. As DropFin services are better attended each year. and the range of workshops of activities broadens, the challen8e will be to increase the fundraising and maintain the quality of experience for eath of our young people. 2024125 will require a strengthening of our Govemance, and more 5UPPOrt for this vital service as it aches it$ 20th Birthday in October'24.
Close House Projects Report of the Trustees Company Information For the year ended 31st March 2024 Strurture. Governance and Management Nature of the Governln8 Document and consltutlon of the charity Close House Projects is established as a Company limited by guarantee and is re8lStered as a Charity with the Charity Commission. The affairs of the Company are governed by it5 Memorandum and Articles of Association. The liability of the member5 in the event of the Company being wound up Is limlted to a sum not exceetling £10.00. The methods adopted for the recrultrnent and appc4ntmeni of new trustees The existing directors recommend new directors for appointment by the boafd at the company's general meetings. The board appoints director5 who can provide specific ski115 and knowledge to the company to enable the furtherance of its charitable objectives, No director receives remuneration or reimbursement of any expenses. Prospective directors are provided with detalls of the company's objectives. their legal obligations under company law and charitable law and what their role as director will entail prior to any appointment beln8 ma(Je. The organlsatlonal sirurture of the charlty and how declslons are made. The Dlrectors of the charitable corr¢pany have appointed a Chairman to control and review the company's management structure. The management structure controls and manages the activltles of each of the charity's current proiectS. The systems of internal control operated by the company are designed to provide reasonable, but not absolute assurance a8ainst material misstatement or loss. These Include.. l. Annual budget5 approved by the board 2. Re8ulaT consideration by both the board and senior management of financlal results, variance5 from budgets and other financial and non-financial indicators 3. Delegation of authority and segregatlon of duties 4. Identification and management of risks The malor rlsks to whl¢h the th•rlty Is exposed and re¥lews •nd systems to mltllate rlsks The major risks to wh+ch the charity is exposed as identified by the trustees, have been reviewed and system5 have been established io mana8e those risks. Flnanclal Revbew Pollcles on Reserves Thè director5 have reviewed the reserves of the company. The review encompassed the nature of the Income and expendlture streams, the existing contractural arran8ements and the work undertaken. together with the need to match vèriable income and fixed commitments. The review concluded that to allow the company to be managed effectively and to provide a buffer for Interupted services, a general Unrestricteil Funds reserve equivalent t0 Six months of normal expenditure costs should be maintained. this is around £54,00012023'. £54.0001. the general Unrestricted Funds reserve at 31st March 2024 amounted to £51,09112023.. £83,231> which is a Suff icient level ol reserves. Availability and adequary al assets ol eath of the funds The board of trustees is Satisfied that the cha¥ity'S è55et5 in each fund are avallable and adequate to fulfll It5 obligations in respect of each fund.
Close House Projects Report of the Trustees Company Inf(Ymation For the year ended 31st Mafth 2024 Transactions and Flnan¢ial Position The financial statements have been prepared in accordance comply with A¢¢ounting and Reporting bv Charities.. Statement of Recomrnended Practice Applicable to charitie5 preparing their accounts in accordance wtth the Financial Reporting Standard applicable in the UK and Republic of Ireland leffective l January 20151 las applied to small entities by section IA of the standardl- (Charities SORP IFR51021. and the Companies Act 2¢XJ6. The St3ternent of Financial Activities shows net incomin81 loutgoingl resource5 for the year of a revenue nature of1£32.140112023.' £28.5311. The total reserves at the end of the year stand at £84.49612023'. £116,1361. Share Capltal The company 15 limited by guarantee and therefore has no share capital. The narne of the Manager and other senlor staff Memberls} to whcrfn day to day management is delegated by the charlty trustees During the year the trustees dele8ated the day to day management of the charity to Mr B Lea, the manager. The members ofthe board ol Trustees of the Charity during the year were: Dr L Outtrim- Chair Mr R Kelly- Treasurer Mr S Pratlev Rev A Dodwell Rev J P CJrdosa Dutra Miss F Robert5 (resigned 16th August 20241 As the directors of the company are also trustees of the charity. and their responsibilities include all the responsibilities of directors under the Companies Act and of tru5tee5 under the Charities Acts The directorsltrustees are all members of the charity
Close House Proie(t5 Report of ihe Trustees Company Information For the year ended 125t March 2024 The memben ol the board ol Trustees ol the Ch•rity ai the date the rewt and accots were appro¥Yd wefe.. DT l Outlrim- Chair fvlr R Kelly Treasurer Mr S Vratlev Rev A i)udwell Rev J P Cardosa Dutr 51at¢menl ol Dlrett(s' and Trustees, ResponbIlItIeS The Charities Acis and Lumpanie5 Acis ieuuire Ilie Boaid ol Tfustpes to pippaiv lnancial statement5 lor ea(h financial year which give a Ifue and lair view ()1 thp %taie ol affairs of ihe charily as at the crid ol the linanclal vear and of the surpl¢Js or delicit of the chaflty In preparini those Iinaniial statement5 the Board Is required to". select SLtitable accountiti8 policies an(J then apply them accordinRIy observe methods ènd prlncipls In the Chai ill+% rnake iudrfeii)tnt5 and estimates that are rea5011able and prudpril,. and prepare the financial stateinents on Ihp 8()IllK I I)IKprn basi% unless it Is Inappropriate to Pfesume that ihe chartly will Lvrilitiue In bu51nv55 state whether opplicable ac.countin1 standJrd¥ and statements of recommended praciice have been lullowed, subRct to Jny material departure5 di5rlosed and explained Iri thp Iiiiaiir'lAI siatemtnls rhe Truslep5 are also ie5POn51ble lor maintaiiiinrt adequate accouniitirf records which disclosp with reasonable tiuracy at any iJn)e the fiiiancial position ol tl)p ( IIAiity aiid which ale 51111iciiit tv show arid explain the charily'5 trai)sactioiis and ei)able iherri l() vii%uii. Ihdt the fitiancidl %lhleiTlÉ'nl% ( Ihniply with Ilie Curnpani?% t 2011 and cornply with the regulatlons made under the Charity (Acrounls and Rpports Regulatinn512OQ8 Thev afe also respon51ble for 5dle8u8rdin8 ihe a%se15 of the chartty and hence lor iakin8 itosonable sleps lor the Pfevenlion and detection of fraud and othef irre8ularities. The Tlvstees are 0150 responsible for the iontents ol the Trustee5' report Method ol prep•r•tion ol the accounis I he aCLount5 have bepn piepdr*d under tlip histafical cost convention and in Hirordance wilh FRS 102. The Financial Reportin8 Standaiij appliiable In the. IIX and Republii of Iieland las applipd to small vntities bv section IA of the 5taridaidl Thls report was f ppf¢y4T•d by th• 8oard ol Tru51ees on....... ............. ...... MrBLe• Comp•nv cretary
Close House Project5 Independent Examiners Report to the irustee5 on the a£count5 of the Chority lor the year ended 31st March 2024 I fewrt to the trustees on wny examin8tn of the account5 01 the above charity 1.the Twst"I for ihe year ended Re5pon5ibilitles and basis ol rep¢xt As the cl?diity's trustees, you art respon51blÈ lof the preparation ol the account5 in accordance with the fequiFemen15 01 the Chariiies Act 20111-the Act") I ipt?rt In rp¥pEr.l ol niy g3rnination of tlTr. TriJst'5 aCCOiJnt5 carried out ijndei secrion 145 of the 2011 Aet nd In carrying oul my exaiiiiiiJti(MF. I have followed all the applicable Directions given by the Charity rownrnission yndei sertion 14515llbl of the Act. Basls of Indtyendeni Examtner's report y examindtsoii was cairied out in accordance with the General Di¥ection5 by the Charity Commission. An examtnation tldeS a review of the accountin8 iecord5 kept by the charity and a cornparison ol the accounts presented with those records It also iiiclude5 consideraiion uf any unusual items or di5c105ure5 in the accounts. and seeking explanations Irom you as tfUStee5 concerntll8 any siJ£h matter5. The procedure5 vndertaken do provide all the evidence that wtsuld be required in an adit. and consequently no opinion is 8i¥en a5 to whether ihe accounts present a 'true al fail view di the ieport 15 Itrnited to those matters Set out In the staterykerfs below. Independent Examlner's Staiement I have lome111 my pxamination. I confirm that no matevial rnatter5 have come to my attention in conneciion with the examinat¥on (other thdl) that disclosed below .1 which gives me cause to believe ihat in. any rnateriAI respect, the reqvlrernents TO keep account¢r¥g Tecorijs in accoidanre with 5ertion 130 01 the Charit5 A(1, or lo keep accounttn8 records in accordance with Section 386 and 387 of the Companies Act 2(K6: and to p¥epare accounts which aCCOTd wilh the accotsnting records, Corn¥ with the accounting reotsirpmeni% ol Se£lion5 594 and 345 of the Companie5 Act 2tX)6 and with the metherfls and piirKiples of the Statemet)i of Recoinmer¥ded Practice. Aicounting and Reportin8 by CharIt5 have not been mei. or to whlch, In my opinion. Jttentlon should t drawn in order lo enable a Proper understandin8 of the aLI'.OlJnt5 tu be reached. tyke Xeegan A Chartered Mana8emeni Actountant fiTeendawn AccountirtK Livnsted IA The Homend Ledbury Herelordshtie HR8 18N f)ate 1511112¥U4
Close House Projerts Statement of finan¢l•l •rflvltles For the year ended 31st March 2024 Unrestricted funds 2024 Restricted Inccmne funds Total funds 2024 2024 pric year lunds 2023 Recommended categorles by artlvlty In¢omlng resources Income and endowments from: Donations ènd le8acies Charitable attivities Othei trading activities Investments Separate material item of income Other Totol RescwTct5 expended EendItUTe on.. Charitable actlvities Governance Costs Other Totol 110.866 23,011 110,866 23.011 121,031 53.174 2,647 2,647 1,076 136.524 136,524 175,281 167,474 1,190 167,474 1,190 146,490 260 168,664 168.664 146.750 Net income/lexpenditurel before Investment ialns111055es1 Net 8ains/l1055esl on *nvestments Net incomellexpendlturel Extraordlnary Items Transfers between funds her re¢o8nlsed 8alnslllossesl: Gain5 and105se5 on revaluation of fixed 55et5 for the charity'5 own use Other gains111055e51 Net movement In Junds 132,1401 132,1401 28,531 132,1401 132,1401 28.531 132,1401 132.1401 28,531 Reconclllotlon ojfunds.. Total funds brought forward Totttlfvnds corrledlonvord 83,231 $1.091 33,405 33,405 116.636 84,496 88,105 116.636
Close House Pfojects Income and Expenditufe Accwnt •$ required by the Companies Art lof the year ended 31st March 2024 2024 2023 Turnover 133,877 174,205 Direct C05t5 of turnover 167.474 146,490 Gross surpluslldefiatl 133.5971 27.715 Governance costs 1.190 260 Operating surplus/ldefot} 134.7871 27,455 Interest receivable 2.647 1,076 Surpluslldefiatl on ordlnary artlvltles l)elore tax 132,140) 28.531 Surpluslldefidtl for the financial year 132.1401 28,531 Retalned surplusl{defidtl for the finacial year 32.140 28.531 All artivlties derlve from contlnulng ¢)perations
Close House Projects F¢Y the year ended 31st March 2024 Unrestrlrted Restricted funds income funds 2024Tot•l 2023 Fixed assets Tanglblè assets Totolfixedo5sets rreni assets Oebtors Cash at bank and in hand Total current assets 7,950 46,914 54,864 7.950 80,319 88,269 2,249 114,657 116,906 33,405 33,405 Creditors: arnntS falling due within one year 13,7731 13.7731 12701 Net current0$5ets/(Ilobilitiesl 51,091 33,405 84.496 116,636 Totol a5set5 less current Ilabilitles 51.091 33.405 84.496 116.636 Credltors: amounts falllng due after one year Provislons tor IlabSlltles Total netassets orllubllltles 51.091 33,405 84.496 116.636 Fund5 of the Charity Restrlcted Income fvnds 33.405 33,405 33,405 Ilnrestrirted funds 51,091 51,091 83,231 Total tharity fund5 51.091 33.405 84.496 116,636 io
C105e House Projects 8ance Sheet Icrntl Fly the yew ended 31st M•rch 2024 rhe charitable cornpary is pntltled to eiemption fiom audit under Section 477 of the Companies Act 2C(16 for the peiiod eThled 31 Maich 2024. The members havp not rer4ui¥ed the charitable company to obtain an Audit of it5 financial statements foi the peiiod erided 3 1 March 20?4 in accofdance with Sectlon 476 of the Companies Act 2rK6. The Tftsstees acknowlÈd8e iheir respon5ibilit¢es lor e118 that the Charitab compaiiy keeps accounting recoids that comply with Sections 386 nr$ 38101 the Compans Act 2006 and Ibl preparin8 linancl statements whiih Éive a true and tair view of the slate ol affairs of the ch3rtable company as at the end of eaih financial year and of its 5Ufplus or deficit for each financial year In accordance with the quIreMentS of Section5 394 ènd 395 and which otherwse cornply with the reqLtiremen15 01 the Cornpar7tes Act 21> relating to financral 5talernents. so lar as applic•ble lo the charitatrAe company. I hese f¥nattièl Statements have l*en prefy41pd in actofdanre with thp %pKlal provisions of Part 15 01 the CorEEpanie5 Act 2W6 ielating 10 5vnall charitable companies arml with the FInarla1 Repcrtin8 Standèrd dtstslicoblè In the UK IFRS 1021. Ihe finaTrctal statements were approved by the 8oard ol Trustees and Ylere on its behalf by.. Mr S Pratlèv Trustee Approved by the board ol trusiee5 On. .......... li
Close House Projects NOTES TO FINANCIAL STATEMENTS For the year ended 3Jsi March 2024 Ne l A¢countinB policies Basis of accounting The financial statement5 have been prepared in accordance with the Statement of Recomrnended Practice-. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 effective l January 2015 and with the Finantial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS1021 and with the Charities Act 2011. The charity meets the definition of a PLbblic benefit entity under FRS102. Assets and liabilities are initiallv recognised at historical cost or transaction value unle55 Otherwise stated in the relevant accotjnting policy notelsl. Advantage has been taken of Seclion 396151 of The Companies Act 2IX)6 to allow the format of the financial statements to be adapted to reflect the Special nature of the charity's operation anil in order to comply with the requirèments of the SORP The particular accounting policies are set out below The financial statements are prepare¢J on a going tontem basis, under historical cost convention. Rewnition of income Income is accounted for on a receivable basis, deferred as described below where appropriate Income includes grant income and all other income relating to the company'5 operations including donations. Statutory funding and fund-raising. Grants received are allocated equally over the periods to which they relate Investment Income Bank Interest received is on an actual receipts basis Delerred Income In accordance with the SORP grant5 received in advance and specified by the donor as relating to specific accounting periods or alternatively are subject to condit10115 that are still to be met. and which are outside the control of the charity or where it is uncertain whether the conditions can or will be met, are defined on an accruals basis to the period to wh4ch they relate. Such deferrals are shown in the notes to the accounts and the sums Involvetl are Shown a5 creditors in the accounts. Recognition of liabilities abilitie5 are recognised where it is more likely than not that there 15 a legal or constructive obligation commltting the charity to pay out resource5 and the amount of the obligation can be measured with reasonable certainty. Expendlture Reco8nili Items are intluded within the relevant activity categories on an èccruals ba51S In particular the policy for including items within costs of generating funds. charitable artivities and governance costs is.. 12
Close House Projects NOTES TO FINANCIAL sfATEMENTS Icont.) For the year ended 31st March 2024 Note l Attountin8 pdicies Icont.) Costs of generating funds There are no costs that are attributable to the generating of funds Charitable activities Charitable expenditure shall include all expenditure directly related to the objects of the charity includin8 the costs of any Roods services that have been incurred in the furtherance of the obiectives Governance costs Governance costs shall ir)clude all expenditure directly related to the administration of the charity including expenditure incurred in the management of the charity's assets, organisational administration and compliance with the statutory requirements. Allocation of costs within types of resources expended The methods principle5 for the allocation and apportionment of 311 costs between the different activity categories of resources set OLbt above are.. There are a number of costs, including Staffing Costs, where it is impracticable to allocate these costs precisely between administration and charitable expenditure and the trustees have allocated such costs on the basis of reasonable estimates as follows.. Staffing costs ond reloted expenses On the basis of salary costs. and an estimate of hour5 spent on different activities. The salary and pension costs of the Manager and Secretary are Shared equally between Charitable Activities. The Trustees believe this provides a true reflection of the costs incurred Unrealised and realised gains Realised gains and losses are included in the accounts on the date at which a contractual obligation Is entered into. Unrealised gains and losses are compvted by reference to the market value of the investments at the balafite Sheet date, compared to the brought forward cost or valuation, and gains and losses arising on similar categories of investments are netted off. Fimed assets and depreciatlon Furniture and equipment 15 written off in the year of acquisition Taxation As a registered charity, the company is exempt from income and corporation tax to the extent that its income and 8ain5 are applicable to charitable purposes only. Value Added Tax is not recoverable by the company and is therefore included in the leVant costs in the Statement of Financial Activities 13
Close House Projects NOTESTO FINANCIAL STATEMENTS Icontl For the year ended 31st March 2024 Note l Accountlng pollcles Icty)tl Fund Accounting The charity maintasns a general vnrestricted fund which represents funds which are expendable at the discretion of the tru5tee5 in the furtherance of the objects of the charity. Such fund5 may be held in order to finance both working capital and capital investment. Restricted fund5 have been provided to the charity for particular purposes, and il is the policy of the board of trustees to carefully monitor the application of those fund5 in accordance with the restrictions placed upon them. Therè 15 no formal policy of transfer of funds or the allocation of funds to designated funds. othèr than described above. Any other proposed transfer of funds would be considered on the particular circumstances. Recr*&nition of pension costs and pension assets and liabilities The charity operates a defined contribL¢tion pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. Wlndin8 up or dissoluti(M of the ¢harlty In the event of winding up or dissolution of the charity if there remain any a55et5 in the accumvlated funds after the satisfaction of all debts and liabilities these assets will be passed to other charitable bodies having similar objects to the charity. 14
Close House Projects NOTES TO FINANCIAL STATEMENTS Icmtl For the year ended 31st March Z024 Note 2 Analysis of income Restricted Income funds Unrestricted funds 2024 Total nds 2023 Donations and legacies: Donations and glfts Gift Aid Legacies General grants provided by govefnment bodies Grants from othef chafltable organisatlons Total 23,827 7,950 23.162 23.827 7.950 23.162 16,614 20.000 20.000 35,000 35,927 35,927 69,417 110.866 110.866 121,031 Charitable actlwties: Funding by government bodies 22,802 22,802 47,772 Sale of goods Other 209 209 5.402 53.174 Total 23.011 23,011 Income from investments: Interest income Total 2.647 2,647 2.647 2,647 1.076 1.076 TOTAL INCOME 136.524 136.524 175,281 15
Close House Projects NOTES TO FINANCIAL STATEMENTS l¢ontl For the year ended 31st Marth 2024 Note 3 AnalysFs of expenditure Restrlcted Income fvnds Unrestricted funds 2024 Total fvnds 2023 Direct Charitable Expenditure Gr05s wages and salaries Pension contributions charitable employees Activity Cost5 Equipment cost5 Food costs Total Direct Costs ICh),524 1,191 20,641 69 3,826 126,251 I,524 1,191 20.641 69 3,826 126.251 89.496 1,248 17,676 1,027 IC8,4147 Support Costs Management and Administration costs Salaries Administrative staff Pension contribution5 administrative staff Training Premises Costs Rent Payable Insurance ght and Heat Cleaning Premises Repairs and Renewals General adminlstratlve Expenses Telephone and Internet Stationery and Printing Sub5cript10115 IT and software Travel cost5 Adminsstfatiori costs Bank charge5 Total Support Costs 20.422 521 292 20,422 521 292 17,197 719 5.795 2,467 5,795 2.467 7,935 2,055 1,800 1,173 372 230 1.735 230 1,735 1.263 628 1.188 2.288 1.080 1.454 62 41.223 1.263 628 1,188 2,288 1,080 1.454 62 41,223 954 390 1.053 104 33.752 Total expendlture on tharftable adivitit5 167.474 167,474 143.199 Govemance Colls Accountin8 and Independent Examiner Fees Total Govemance Costs 1,190 1.190 1.190 1.190 260 260 TOTAL EXPENDITURE 168,664 168.664 143.459 16
C105e House Projects NOTES TO FINANCIAL STATEMEKfs Icont.) For the year ended 3151 March 2024 Note 4 Detalls of certaln Items of expeftditure 2024 2023 Rentals under operatln8 leases Penslon wsis 5.C¥)O 1,712 5.554 1,%7 AcCntIn1 and Independent Examlner Fees 1.190 260 Note 5 Pald emplviee5 5.1 Staff Costs 2024 2023 Salarles and wages Soclal 5ecurlty costs Penslon costs Idefined contrlbutlon scheme) Other employee beneflts Total staff costs 118.620 912 107,613 1,712 1,967 121.244 109,580 There were no members of staff wlth emolurnents In exce55 of £60.000 per 4nnum12023.. NIII 5, 1 Number of empltrrfees 2024 2023 En8a8ed on dlre¢t th•rliable attlvltles En8a8ed on management and admin15tratlon 5.3 Penslon Contrlbutlons 2024 2023 Number ol staff to whom benefits are a¢cruln8 Under money purchase penslon sfhemes 17
Close House Project5 NOTESTO FINANCIAL STATEMENTS l¢ontl For the year ended 31st March 2024 Note 7 Debtrys and epa}ents 2024 2023 Analysis of debttrs Recoverable Gift Aid 7,950 2,249 Total Debtors 7.950 2.249 Note 8 Creditors and accruals Analysls ot credittys Amounts fallFn8 due withln one vear 2024 2023 Closing PAYE creditors Closing pension creditor Accnjals and deferre(l income Total CredFtors 1,638 935 1.200 3,773 270 270 Note 9 Cash and Shi tem) deposlts 2024 2023 Cash at bank and on hand 80,319 114.657 Total cash and short temi deposltS 80.319 114.657 18
Close House Projects NOTES TO FINANCIAL STATEMENTS Icont.) For the year ended 31st March Note 10 Charlty funds 10.1 Details of material funds held and movements dvring the CURRENT reporting period Fund balan¢es brought foThvard Purpose and Restrictlons Fund balan Expenditure Transfers carried forward Income Fund names General funds General. unrestricted fund Restricted fund for music project5 83.231 136,524 1168,6641 51,091 L¢ve Wire 33,405 33.40S Total Funds 116.636 136.524 168,664 84.496 10.2 Details of material funds held and movements durin8 the PREVIOUS reporting period Fund balan¢es brought forward Purpose and Restrlrtiorts Fund bal•n¢es Expenditure Transfers Carried forward Income Fund names General Funds General, unrestricted fund Restricted fund for music projects 54,700 175,281 1146.7501 83.231 Live Wire 33.405 33,405 Total Funds 88,105 175,281 1146,7SOI 116,636 Live Wire Restrirted Fund Livewire is an inclusive music development programme for young people between the age of 11 and 22 in Herefordshire aimed at developing young musician5 musical and performance skills, confidence and a platform for musical opportunities. 19
aose House Projects NOTESTO FINANCIAL sfATEMENTS Icont.) For the year ended 31st March 2024 Note 11 C¢)mpany Limited by Guarantee The Charity is incorporated under the Companies Act 1985 and is limited by guarantee, each member having undertaken to contribltte Such amounts not exceedin8 ten pounds as may be required in the event of the company bein8 wound vp wh*lst he or She is still a member or within one year thereafter. There al'e 6 members of the company12023.. 6 members) Note 12 General Inlorniation Close House Projects, is a private company, liinited by guarantee, Incorporated in England and Wales. registered numbef 05641665. The registered address os C105e House, 3 St Peters Close, Hereford, HRI 2DL 20