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 d0￿ment
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 acco￿ts 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, Respon￿bIlItIeS
The Charities Acis and Lumpanie5 Acis ieuuire Ilie Boaid ol Tfustpes to pippaiv l*nancial 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 prlncipl*s 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 51111ici*iit 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 examin8t￿n 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 i*pt?rt In rp¥pEr.l ol niy g*3rnination 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 t￿l￿deS 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 a￿dit. 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 stateryker*fs below.
Independent Examlner's Staiement
I have lom￿e1￿11 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 Charit￿5 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 CharIt￿5
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
E￿endItUTe 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: arn￿ntS 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
8*ance 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
e￿￿11￿8 that the Charitab￿ compaiiy keeps accounting recoids that comply with Sections 386
nr$ 38101 the Compan*s Act 2006 and
Ibl
preparin8 linancl* statements whiih Éive a true and tair view of the slate ol affairs of the
ch3r*table 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 FInar￿la1 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
N￿e 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
AcC￿ntIn1 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