Reglstered Company Number: 05641665 (England and Wales) Registered Charity Number: 1114192 Report of the Trustees and Unaudlted Financlal Statements For the Perlod Ended 31st March 2025 For Close House Projects
aose House Projects Contents of the Finanaal Ststements Forthe year eled 31st Mèrch 2025 Contents Pa8e Charlty and Company Inforniatlon Trustee's Report Statement of Dlrector5ifru5tee5 Respon51bllltles Accountants Report Statement of Finandal Activitles Income and Expendlture Account Balance Sheet Notes to the Accounts 2to6 Iotoll 12to20
Close House Projects Report oftheTrustees Compa)ylnformation FOrthe ended 3tst Mxch 2025 Close House Projects Is established 45 a Company limited by guarantee and 15 registered as a Charity wlth the Charlty Commission. The affalrs of the Company are governed by its, Memorandum and Artlcles of Association. The Ilability of the members in the event of the Company being wound up is limited to a sum not exceedlng £10. Chair Dr L Outtrlm Mr R Kelly Mrs Pratley RevA Dodwell Dr L Outtrim RevJ P Cardosa Dutra Miss F Roberts Resigned 16th August 2024 Secretary MrBLea A(cntantS and Independent Examlner Luke Keegan Chartered Management Accountant Greendawn Accounting Limited IA The HomeThJ Ledbury Herefordshlre HR8 IBN Bankers Santsnder Bootle L30 4G8 CAF Bank Ltd 25 Kirgs Hlll Avenue West Malling ME19 4JQ Close House 3 St Peters aose Hereford HRI 2DL Re8lstwed Number 05641665 Charity Number 1114192
Close House Project5 Report ofthe Trustees Company Infombation Forthe year ended 3tst Mwch 2025 Introduction The trustees are pleased to present their annual direttors report together with the eonsolidated financial ststements of the charity forthe year ended 31st March 2025 which are also prepared to meet the requlrements for a directors, report and accounts for Companies House. The financial statements complywlth the Charlties Art 2011. the Companie5 Act 2006, the Memorandum and Artlcles of Assoclatlon and the Accounting and Reporting by Charltles: Statement of Recommended Practice Applicable to charities pparIng thelr accounts In accordance with the Financial Reporting standards appllcable in the UK and Republlc of Ireland IFRS1021 las applied to small entities by section IA of the standard) (effective I January 20151. The Board of Trustees are satlsfied wlth the perf0rn)an of the charity during the year and the posltlon at 31st March 2025 and con5iderthat the charlty Is In a posltlon to continue its activities during the coming year, and thatthe charlvs assets are adequate to fulfil it'5 obligation& However, there is a recurrlng dependence on bi writin8 and fundraisingthat is a constant demand on resources In a cllmate of Increasing competition on diminishingfunds. Name, reglstered office and constltutlon ofthe tharmv The full name of the charlty Is aose House Projects. The legal registration details are: Date of Incorporatlon Company Registration Number The Reglstered Office is Charity Registration Number is The telephone numberls 1st December 2005 05641665 aose House, St Peters Square. Hereford, HRI 2DL 1114192 01432274239 Objertlves and Artlvltles ofthe ChaTIty A summary ofthe objects as set out in its governing document The objectives and principal activities of the charity are to help young people in Herefordshlre especlally but not excluslvelythrough thelr lelsure tlme actlvltles so asto develop their physical, mentsl and spiritual capacities that they may growto full maturing individuals and members of society. The strategles employed by the charlty to meet these objectives are to l. Provlde a range of services aimed at improvingthe quality of life for young people in Herefordshire 2. Continueto improve the level of services. information and advice provided. 3. Monltorlng the level of Income received bythe charity. Publlc benefftthat Is provlded the bythe chaiity aose House works wlth young people, offering safe social meeting spaces and leisure activities that improve thelr soclal, physlcal and splrltual development. Close House works In a hollstlc and Incluslve way* wlth seNlces accessible by all young people. We offeryoung people a real Vol In thelr communltles and enable them to fully partlclpats In the Ilfe of their community.
Close House Projects Report of theTftQe$ Company Informallon Fortheyear ended 3tst March 2025 An explanatlon of the clwitvs main objecllves forthe year. We continue to provide dropin sodal support and Youth Work from Close House. theformervl¢arage of St Peters. We use the building and occasionally church space. as a base for actlvlties and Youth Volunteering projects across the dty. An explanation of the charltys strategies for athlevlng Its stated objectlve aose House wlll contlnue to offer safe, soclal meetingspaces for young people, togetherwith a range of activities dedded upon by the young people. Ourworkwlll be carried out in the clty centre and at a number of dlfferent community spaces. We will eontinue to develop the rage of projects as the need arises. The Charivs grant makin8 policies The charlty does not make grants to other oreanisatlons The contrlbutlon of volurteers Charity has a govemlng board of 7 trustees who are also directors of the companyi all of whom are voluntsers. The charity also utillses the services of several volunteers at any one tlme on a regular basis, some of whom are involved on training schemes. Investment performance achleved a8ainst invesknent )bJecllves set We have been able to successfully build rese to glve ourselves a healthy stsrt forthe coming year, and the local communlty and local Charitsble Trusts are to be thanked forthls, alongslde the hard work of the youth vrkerS who athieve the targets set bytheir respective funder& Summary ofthe main achlevements ofthe charity thrlngtheyear 2024125 has been a strong year forthe aose House team, with all proSects achieving excellent outputs and all staff members working hard to develop thr own skllls whlle also supportirE some of the hardest to reach young people In Herefordshire. Our Dropln SeNices are very popular, Outback is a busy and livety Frlday night community. and Workshops are taking more excitlng projects everyweek. Overall, aose House is meeting as many young people in a year as It dld before the pandemic, so the service has truly been rebullt from scratch. The loyal support of local unders has made thls possible, including the Hereford City Coun¢ll, Eveson TrusL Herefordshire Communlty Foundatlon, The Brallsford Charlty. Rathbone Moral Ald. EF Bulmer TrusL The Turner Trus¢ the SR & PH Southall Trust, and Herefordshire Council HAF program. Manythanks to the Board for navlgatlng our Safe8uarding revlew and Board Recruitment drlve. and to the Stsff and Volunteers for keeplngthe Community vlbrant an(1 EPIC.
Close House ProjertS Report of theTrustees Company Informatlon Forthe year ended 31st Marth 2025 Structure, Governance and Management Nature ofthe G¢)vtsning 0UMent and cons1110 ofthe tharfty aose House Projects is estsblished as a Company limlted by guarantse and Is re8lstered as a Charity with the Charity Commlsslon. The affalrs of the Company are governed by its Memorandum and Artlcles of Assoclatlon. The Ilabllity of the members in the event of the Company belWOUnd up Is Ilmlted to a sum not exceeding £.00. The methods adoptedfortho recwltment and appolntment of newtrustees The existing dirertors recommend new dlrectors for appolntment bythe board atthe company's general meetings. The board app)ints directors who can provide specific ski115 and knowledge to the company to enable the fvrtherarKe of Its charitsble oblectlves. No dlrector recelves remuneration or reimbursement of any expenses. Prospective directors are provided with details of the companrfs objectives, their legal obllgatlons undercompany law and charitsble law and whattheir role as directorwill entail prior to any appointment being made. The OTganlsatlonal struCre ofthe dwlty and how dedslons are mad The Directors.of the charitable company have appointed a Chaimian to control and review the company's management structure. The management structure controls and manages the actlvllles of each of the chariws current projects. The systems of Intsrnal control operated bythe company are deslgned to provlde reasonable, but not absolute assurance a8ainst material misststement or los& These include: l. Annual budgets approved by the board 2. Regularconsideration by both the board and senlor management of financial resufts. variances from bjdgets and otherfinancial and rn-finanCIal indicators 3. Delegation of authority and segregation of duties 4. Identification and management of risks The major rlsks towhlth the tharlty Is exposed and revlews and systems to mttigate rlsks The mar rlsks to whlch the charlty Is exposed as Identlfled by the trustees, have been reviewed and systems have been estsblished to manage those rlsk& Flnandal Revlew Polkles on ReseNes The dirtttors have reviewed the re*rves of the company. The review encompassed the nature otthe income and expenditure streams, the eKlstlng contractural arrangements and the work undertaken. together with the need to matrh varlable Income and fixed commltment& The revlew concluded that to allow the companyto be managed effectively aml to provide a buffer for interupted services. a general Unrestricted Funds reserve equivalentto six months of normal expenditure costs should be maintsined, this is around £54,00012023: £54.000}. the general Unrestricted Funds reserve at 31st March 2024 amounted to £51,09112023: £83,231) which Is a sufflclent level of reswves. Avallablllty and adewacyof assets of eath ofihefunds The board of trustees Is satisfied that the charity's assets in each fund are avallable and adequ to fvlfil its obllgatlons in respect of each fund.
aose House Projects Report of theTrustees Company InforrWion For the year ended 31st Mar¢h 2025 Transactlons and Flmncial Posltl¢)n The financial statements have been prepared in accordance comply with Accountln8 and Reportlng by Charities: Statement of Recommended Practlce Appllcable to charities weparlngtheir accounts In accordance with the Flnanclal Rewrtin8 Standard appllcable in the UK and Republlc of Ireland leffectlve ljanuary 20151 las applied to small entltles bysection IA of the stsndardl- (Chartties SORP IFRS1021, and the Companles Act 2006. The Statement of Financial Actlvltles shows net Incomln81 (outgoing) reUrceS for the year of 4 revenue nature of £13,26412024:1£32.14011. The total reserves at the end of the year stand at £97.76012024: £84,496). Share Ca The company is limited by guarantee and therefore has no share capitsl. The name of the Manager and other senlorstaff Mwnberls) towhom dayto d4y rnanagement b delegated by the charltytrustees During the year the trurtees delegated the day to day management ofthe charlty to Mr B Lea, the manager. The members ofthe board ofTrustees ofthe Charlty durlngtheyear w¢re: Dr LOuttrlm- Chalr Mr R Kelly- Treasurer Mr S Pratley Rev A Dodwell Revj P Cardosa Dutra Miss F Roberts {resi8ned 16th August 20241 As the dlrectors of the company are also trustee5 of the charlty, and thelr responsibillties Include all the responsibilitles of dlrectors underthe Companles Art and of trustees underthe Charltles Acts The direttorsltrustees are all members of the charlty
Close House Projects Reportofthe Trustees Company Infomiation Forthe year ended 3tst M•rch 2025 The members of the board 0fTruSteotthe Charlty atthe date the report and accountswere approved Dr L Outtrim- Chair Mr R Kelly- Treasurer Mr S Pratley Rev A Dodwell Revj P Cardosa DLrtra Statement of DIreCtS, andTrustees' Responslbllltles The Charities Acts and Companles Acts requlre the Board of Trustees to prepare financlal statsments for each financlal year whlch glve a true and falrview of the state of affairs of the charity as at the end of the financlal year and of the surplus or defldt of the charlty. In preparlngthose finan¢lal ststements the Board 15 required - selert 5uitsble accountlng policies and then apply them aecordinglv - obseNe methods and prlndples In the Charities SORP - make judgements and estlmates that are reasonable aryl prudent; and - prepare the financial statements on the golng concem basis unless itls inappropriate to presume that the tharltywlll continue in business - stats whether applicable accounting standards and statements of recommended practlce have been followed, SLsbject to any materlal departures dlsc105ed explained in the financial ststements. The Trustees are also responsible for maintainingadequate accountlng records whlch dlsclose with reasonable accuracy at anytime the financial posltlon of the drIty and which are sufficient to show and explain the charity's transattions and enable them to ensure that the financial statements comply vAth the CompanlesAct 2011 and comply with the regulations made underthe Charfty (Accounts and Reports Regulations) 21J)8. Thev are also responslble for safeguardirE the assets of the charity and hence fortsklng reasonable steps for the prevention and detetiion of fraud and other Irregularltles. The Trustees are also responslble forthe contents of the Trustees, report Method of preparallon ofthe accounts The accounts have been prepared uThJerthe hlstorical cost conventlon and In accordance with FRS 102, The Flnanclal Reportlngstandard appllcable In the UK and Republic of Ireland las applled to small entitles by sectlon IA ofthe stsndardl 2$ Thls report was approved bythe Board olTrustees on........................................ MrBLea COMP Secretary
Close House Projects Independent Ex4•nlners Reportto the trustee5 the acCots ofthe Charlty forthe yw ended 3tst Marth 2025 I reportto thetrustees on my examination of the accounts of the above charity I the TrusVI for the year ended 31st March 2025 Responsibilitles and bags of report As the tharitrfs trustees. you are responslble for the preparation of the accounts in accordance with the reqU1MentS of the Charlties Act 20111.the ACWI. I report In respect of my examlnatlon of the Trusvs accounts carried out under section 145 of the 2011 Art and in carrying QLrt my examination, I have followed all the applicable Directlons given by the Charity Commisslon undersection 1451511bl of the Act. Basls of Independent Ex4•))Iner's report My examination was carried out in accordance with the General Directions glven by the Charity Commission. An examlnatlon includes a revlew of the accountlng records kept by the charity and a comparison of the accounts presented with those records. It also Includes consideradon of any unusual ltsms or disclosures In the accounts. and seeking explanations from you as trustees concemlng any such matters. The procedures undertaken do not provlde all the evldence that would be requlred in an audit, and consequently no opinion is given as to whetherthe atcounts PSent a Irue and falrvlew, and the report Is limited to those matters set out In the ststements below. Independent Examinerfs Statement I have completsd my examination. I confirm that no materlal matters have come to my attention In connectlon with the examlnatlon (other than that disclosed below I which gives me cause to believe that In, any material respect, the requirements: to keep accountin8 records In accordanee with sectlon 130 of the Charftles Act. or to keep accounting records In accordance with Sectlon 386 and 387 of tr Companies Art 2(M)6: and to prepare accounts whlch accord with the accounting records. compty with the accounting requirements of Sectlons 394 and 395 of the CompanSes Act 26 and with the methcYs and principles of the Ststement of Recommended Pract1. Accountin8 and Reportlng by Charlties have not been met or to whlch. In my opinion, attention should be drawn in order to enable a proper understanding of the accountsto be reached. LL I Luke Keegan ACMA Chartered Management Accountant Greendawn Accounting Limlted IA The Homend Ledbury Herefordshlre HR8 IBN Date.....
Close House Projects ststement of finClaI activitles Forthéyew ended 3tst m0h 2025 Unrestrlrted funds 2025 Restri¢ted Incomefunds Totsl funds 2025 2025 ioryear fvnds Recommended categoyles byacllvlty Incomlng resources Income and end0Vmntsfrom. Donations and legacles Charitsble activitles Othertrading activitles Investments Separate material item of income Other Totol 149,025 28,888 149.025 28,888 110.866 3,539 3.539 2,647 181.452 181A52 136,524 Expenthwre on: Charitable activities Govemanee Costs Other 167,408 167.408 167,474 I,0 168, 168.664 Net Incomel{expendlturel befe Investmefitgainsl(losses) Net 8ainslllossesl on Investments Net Incomel{expendlture) Extraordln•ry Items Transfers between funds Other recognlsed galnsl(1055e$): Galns and l¢)sses on revaluation of fixed ssets forthe dHrlVs own use Othergalnslllossesl Netmovement infvnds 13,264 13,264 {32,140) 13,264 13,264 132,1401 13.264 13,264 {32.1401 Totsl funds brought forward 51,091 33.405 33A05 116.636 84096 97,760
Close House Projects Income and ExpendltureAccount as iequired bythe Companle5 Art for the year ended 31st MaY¢h 2025 2ty25 TuTnover 177,913 133,877 Dlrert costs of turnover 167,408 167.474 Gro55 surplusl(defidt) I505 133,597) Governae costs 1,190 Operatsng 5urplusl(defdt) 9.725 134,787) Interest receivable 3,539 2,647 Surpluslldefiatl ¢n ordlnary actlvhles before tax 13.264 131140) 5uTplusl{dellclt) forthefln•nclal year 13,264 1311401 Retsined SUTplus/(defidt) forthe fin•naalyear 13,264 131140 All acilvltles delivefrom continulng operatlons
Close House Projects For theye¥ ended 3tst March 2025 Unrestrfcted Restrtcted funds Income ndS 2025 Total 2024 Flxed assets Tanglble assets Totolfixedossets Debtors Cash at bank and in hand 7,515 61,820 69,335 7,515 95,225 102,740 7,950 33.405 33,405 8&269 Creditors: amounts falllng duewhhln one year 14,9811 {4,981} 13,7731 Netcurrentassets/(liabrfities) 64355 33,405 97.760 84A96 Total assetsle Cuffentliobllltles 97,760 84A96 CredltOTS: amountsfallww the after •)ne Provisionsfor liabilitles Totolnet(tssets orllabmltles 33,405 W96 Funds of the Charlty Restricted Income funds 33.405 33.405 64.355 33,405 5L091 UThrtrirted funds 64.355 Total charftyfvnds 64355 33A05 97,760 io
Close House Projects Balance Sheet (cont) For the year ended 31st Marth 2025 The drItable company is entlded to exemption from audlt under Sectlon 477 of the Companles Act 2th)6 for the period ended 31 March 2025. The members have not requlred the charitable company to obtsin an audlt of its financlal ststements forthe period ended 31 March 2025 in accordance wlth Section 476 of the Companies Act 200& The Trustees acknowledge thelr responslbllltles for (al ensuring that the charltable company keeps accountlng records that COMyW1th Sertlons 386 and 387 of the Companles A¢t 2006 and preparlng finan¢lal statements whlch give a true and falrvlew of the stats of affalrs of the charltable company as at the end of each finandal year and of its surplus or deficlt for each flnanclal year in accordan wlth the requlrements of Sectlons 394 and 395 and whlch otherwtse comply wlth the requirements of the Companles Art 2006 relatin8 to financlal statements, so far as appllcable to the charltstle Company. These flnanclal ststements have been prepared In accordance wlth the speclal provlslons of Part 15 of the Companies Act 2006 relatlng to small charitable companles arKI vath the Flnanclal Reportln8 Stsndard applicable In the UK IFRS 1021. The financial statements were approved bythe Board of Trustees and were sl8ned on its behalf by: Mr S Pratley Trustee Approved by the board of trustees on.-.... li
Close House Projects NOTESTO FINANCIALSTATEMENTS For the year ended 3tst March 2025 Note l Accounting pollaes Basls of accountlng The financial statements have been prepared In accordance with the Ststement of Recommended Practlce: Accountlng and Reportlng by Charltles preparlngthelr accounts In accordance wlth the Flnanclal Reporting Stsndard appllcable In the UK and Republic of Ireland IFRS 1021 effectlve ljanuary 2015 and with the Financlal Reportlng Stsndard appllcable In the Unlted Klngdom and Republlc of Ireland IFRS1021 and with the Charities Act 2011. The charlty meet$ the definition of a public benefit entity under FRS102. Assets and liabilltie5 are Inltlally recognlsed at hlstorlcal cost or transactlon value unless otherwise stated In the rdevant accounting pollcy notslsl. Advantsge has been tsken otsectlon 396151 of The CompanlesAct 2006 to allowthe format of the flnanclal statements to be adapted to reflect the speclal nature of the ¢harlty's operatlon and In order to comply wlth the requirements of the SORP The partlcular accountlng pollcles are Set otrt bélow The financl81 ststemerrts are prepared on a golnB concern basls. under hlstorlcal cost conventlon. Recognltlon of Income Income Is accounted for on a recelvable basls. deferred as descrlbed below where approprlate Income Includes grant Income and all other income relatlng to the company's operations includlng donatlons, ststutory fundlng and fund-ralslng. Grants recelved are allocated equally overthe perlods to whSch they relate Investment Income Bank Interest received Is on an actual recelpts basls Deferred Income In accordance with the SORP grants recelved In advance and specified by the donor as relating to speclfic accountlrÉ perlods or alternatlvely are subject to condltlons that are stlll to be met. and whlch are outside the control of the charlty or where it Is uncertaln whether the condltlons can orwlll be meL are deflned on an ac¢ruals basis to the perlod to which they relate. Such deferrals are shown In the notes to the accounts and the sums Involved are shown as credltors In the ac¢ounts. Reco8nltlon of tlabllltles Llabllltles are reco8nlsed where It Is more1Skely than not that there Is a legal or constructlve obllgatlon comm5tt1ng the charltyto pay out resources and the amount of the obligatlon can be measured wlth reasonable certalnty. ExPendIre Recognltlon Items are included within the relevant actlvlty categorles on an accruals basls In partlcular the pollcyfor includln8 Items withln costs of generatlngfvnds, tharitsble artlvlties and governance costs is., 12
Close House Projects NOTESTO RNANCIALSTATEMENTS (cont.) For the year ended 31st March 2025 Note l Accountin8 Polici {cont.) Costs ofgeneratlngfunds There are no costs that are attrlbutsble to the generating of funds Charltsble activities Charltable expenditure shall indude all expenditure dlrectly related to the objerts of the charity Includingthe costs of any goods and servlces that have been Incurred in the furtherance of the objertives Governance costs shall include all expendlture dlrectly related to the administration of the charlty ineluding expenditure incurred in the management of the charltys assets. organisational adminlstration and compllance wlth the statutory requlrements. Allocation of costs wlthin type5 of resources expended The methods and prlndples forthe allocation and apportionment of all costs between the different artivty categorles of resources set out above are: There are a number of costs, Indudlng staffing costs, where It Is Impractlcable to allocate these costs precisely between adminlstratlon and charitable expendlture and the trustees have allocated such costs on the basls of reasonable estimates as follows: Stoffing ¢05ts and related expenses On the basi5 of salary costs. and an estimate of hours spent on different activltles. The salary and pen51on costs of the Manager and Secretary are shared equally between Charltable Activities. The Trustees belleve this provides a .true reflertion of the costs incurred Unrealised and reajlsed galns Reallsed galns and losse5 are included In the accounts on the date atvthich a contractual obllgatlon is entered Into. Unrealised gains and losses are computed by referen to the market value of the Investsnents at the balan sheet date, compared tts the brought forward cost orvaluation, and galns and losses arising on slmilar catsgorfes of investsments are netted off. Ixed assets and depredatlon Fumiture and equlpment Is written off In the year of acquisition Taxation As a registered charity, the company is exempt from ineome and corporatlon tax to the extentthat its incorne arKI gains are applicable to charitsble purposes onty. Value Added Tax Is not recoverable by the company and is therefore Included in the relevant costs in the Statement of Flnanual Activitles
aose House Projects NOTES TO HNANCIALsfATEMENTS (cont) For the year ended 3tst March 2025 Note l Accountlng polkles (cont) Fund Accountlng The charity maintains a general unrestrlcted fund whlch represents fund5 which are expendable at the dlscretlon of the trustees in the furtheranee of the objects of the charlty. Such funds may be held in order to finance both working capital and capital Investment. Restricted funds have been provided to the charlty for partlcular purposes, and it is the policy of the board of trustees to carefully monltorthe appllcation of th)se fvnds in accordance with the restrlctlons plad upon them. There 15 no fornial policy of transfer of funds orthe allatIon of fund5 to designated funds, other than described above. Any other proposed transfer of funds would be considered on the particular clrcumstances. Recognitlon ol pals1 costs and penslon assets and Ilabilities The charity operates a defined contriFHJtion pension scheme. Contrlbytions are charged to the profit and loss account as they become payable In accordance with the rules of the schem& IhfindlnE up or (fisselution of the tharlty In the event of wlndlng up or dlssolution of the eharity If there remain any assets in the accumulated fund5 after the satlsfaction of all debts and Ilabllltles these assets will be passed to other charitsble bodies having similar objects tothe charlty. 14
aose House Projects NOTESTO FINANCIAL STATEMENTS (contl For theyear ended 3tst March W25 Note 2 Analysls of income Restritted Inc¢me funds Unrestrlcted tunds 2025 Totsl funds 2024 Donatlons and legacies: Donations and gifts Gift Aid Legaoes General grnnts provlded by goverftment bodles Grants from other charftsble organisatlons Totsl 17.234 2.444 17,234 21827 7.950 23,162 35,000 35.000 20.000 94,347 94.347 35.927 149,025 149,025 IIOA66 Charitable acllvlties: Fundlng by government bodles 28,269 28.269 22,802 Sale of goods Other 403 215 209 215 Totsl 28,888 2U88 Income from ii)vestments: Intsrest income Total 3.539 3539 3.539 3,539 2.647 2.647 TOTAL INCOME 181.452 136.524
Close House Projects NOTESTO FINANCIAL STATEMENTS Icont) For theyw ended 3tst March 2025 Note 3 Anatysis of expenthture Restricted Income fvnds Unrestricted funds 2025Total funds 2024 Dlrert Charltable Expendlture Gross wages and salarie5 Pension contributions charitsble employees Actwity Costs Equipment costs Food costs Totsl Dlrert Costs 102,811 1.092 10,749 102,811 1,092 10.749 150 3,926 i.7 l(X).524 20.641 69 3,826 126,251 3.926 118 727 support C05ts Managwnent and Administration costs Salaries Administratlve stsff Pension contributions administrative stsff Tralnl Premlses Costs Rent Payable InsurarKe Light and Heat aeanlng Premlses Repalrs and Renewals General administrall¥e Expenses Telephone and Internet Stationery and Printing Subscriptions IT and softwa Travel costs Admlnlstratlon costs Bank charges T¢)tsl Support costs 23,957 540 23.957 20,422 521 292 5,680 3,936 5,795 2,467 1,800 230 1,735 3,936 1.800 1.722 3.758 1.722 3.758 1,102 356 1.055 1.102 356 1,055 846 2.353 1,513 63 4&681 1.263 628 2,288 1,080 1.454 62 41223 2,353 1,513 63 48.681 Totsl expendltureon tharitable activltles 167A08 167A08 167A74 Govemance Costs Accountlng and Independent Examiner Fees Totsl Govemance Costs 780 1,190 lJ90 TOTAL EXPENDITURE 168,188 168,188 168ffj64 16
aose House Projects NOTESTO FINANaALSTATEMENtS {conL) For theyex ended 3tst March 2025 Note 4 Detslls of certain items of expenthre 2025 2024 Rentsls under oper*ln6 leases Pension wsts 5.000 1,632 5.000 1,712 A¢¢ountlng and Indeperbdffit Examlner Fees 1.190 Note 5 Pald empl¢)yees 5.1 Staff Costs 2025 Salaries and wages Sodal security costs Penslon costs Idefined contrlbutlon scheme) Other employee beneftts Total staff costs 122.717 4,051 1,632 117.708 1,203 1.712 128,399 120fi23 There were no members of staff wlth emoluments in excess of £60,000 per TrUM {2024: MI) 5. 1 Number of employees 21ns 2024 Engaged on dirert charltable activitie5 Engaged on management and a(h))inistratioD 5.3 Pension Contrlbutl•)ns 2024 Number of staff towhom benefitsare accrulng Under money purchase pension sthemes 17
aose House Projects NOTESTO FINANaALSTATEMENTS (cont) For theyear ended 31st Marth 202S Note 7 Debtorsand prepayrnents 2025 2024 Afialysi$ of debtor5 Recoverable Gift Aid 7,515 7,950 Total Debtors 7.515 7.950 Note8 Analysls ofuethors Amounts fairing due withln one 2025 2024 Closing PAYE creditors Closlng penslon credltor Attnjals and deferred income Total Creditors 2.392 1,688 900 4.981 1.638 270 270 Note 9 Cash and short terni deposlts 2025 21Y14 Cash at bank and on hand 95,225 114,657 Totsl cash and short term deposlts. 95225 114.657 18
Close House Projects r+lOTE5TO FINANCIAL STATEMENTS Icont.) For theyear ended 31st Marth Note 10 Charlty funds I1 Dthli s of material funds held and movements durln8 the CURREf4T reportlng perlod Fund balances brought forward Purpose and Restrlcttons Fund balances E¥pen(Iture Transfers carried fonvard Income Fund names General Funds General, unrestrlcted fund Restricted fund for muslc projects 51,091 181,452 {168,188) 64,355 Uv¢ Wlre 33,405 33A05 Total Funds 181.452 97.760 10.2 Detall$ ot m•teTl•l fvnds held and m0ments durfn8 th• PREVIOUS reportlng perfod Fund balances brought fonvJrd Purpose and Restrlctlons Fund balances Expendlture Transfer$ rrIed ft)rward Income Fund names General Funds General, unrestrltted fund Re5trlcted fund for muslc projects 83,231 136.524 1168.6641 5L091 Llve Wlre 33,405 33,405 Totsl Funds 116 636 136,524 168,664 84,496 Llve Wlre Restrlcted Fund Llvewire Is an incluslve muslc development programme for youn8 people between the a8e of 11 and 22 In He10rdsh7re ¥lmed at developlng young musicians muslcal and performance skllls. confldence and a plarform for muslcal opportunltles. 19
Close House Prolects NOTESTO Rl+lANCIAL STATEMENTS Ic•JnL) FortheI ended 31st Marth 2025 Note 11 Company Llmited by Guarantee The Charlty Is Incorporated under the Companles Act 1985 and Is Ilmitsd by guarantee. each member havlng undertaken to contribute such amounts not exceeding ten pounds as may be requlred In the event of the company being wound up whilst he or she is still a member or wthin one year thereafter. There are 5 members of the company12024: 6 members) Note 12 General Infomiatlon aose House Projects, Is a prlvate companyi Ilmlted by guarantee, In¢orporated In England and Wales, re8lstered number 05641665. The reglstered address Is Close House, 3 St Petsrs Close, Hereford, HRI 2DL 20