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 el￿ed
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(c￿ntantS 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 p￿parIng 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 theTft￿Qe$
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
v￿rkerS 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 th￿r 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 0￿UMent and cons11￿10￿ 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 bel￿WOUnd 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 struC￿re 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 r￿n-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 ma￿r 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) re￿UrceS 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 0fTruSte￿otthe 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 DIreCt￿S, 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 d￿rIty 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 acCo￿ts 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
reqU1￿MentS 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 P￿Sent 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 2￿6 and with the methc*Ys 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 fin￿ClaI activitles
Forthéyew ended
3tst m0￿h 2025
Unrestrlrted
funds
2025
Restri¢ted
Incomefunds Totsl funds
2025
2025
ioryear
fvnds
Recommended categoyles byacllvlty
Incomlng resources
Income and end0Vm￿ntsfrom.
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 bef￿e
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)
I￿505
133,597)
Governa￿e 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
UThr￿trirted funds
64.355
Total charftyfvnds
64355
33A05
97,760
io

Close House Projects
Balance Sheet (cont)
For the year ended
31st Marth 2025
The d￿rItable 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 COM￿yW1th 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.
ExPendI￿re 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 pla￿d upon them.
There 15 no fornial policy of transfer of funds orthe all￿atIon 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 expenth￿re
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
I￿1 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 m0￿ments 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 He￿10rdsh7re
¥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)
Forthe￿I 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