BYHP (SUPPORTING YOUNG PEOPLE IN HOUSING NEED) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Charity Number 1115514 Company Number 05722118
BYHP (SUPPORTING YOUNG PEOPLE IN HOUSING NEED) INDEX Page General Information Trustees, Report Independent Examiner's Report Statement of Financi81 Activities 10 Balance Sheet Statement ot Cash Flows 12 Comparative Statement of Financia l Activities 13 Notes to the Accounts 14-23
BYHP (SUPPORTING YOUNG PEOPLE IN HOUSING NEED) (A company limited by guarantee) Reference and Administrative Details of the Company. its Trustees and Adv55ers For the year ended 31 March 2024 Trustees: Sarah Austen Jane Sarginson Tina Wathern (resigned 13 September 20231 Mark Petterson Macer Gifford (resigned 29 September 2023) Julie Briggs (resigned 5 July 2024) Justin Cadbury Kath Morris Aline Shand Simon Smith Elizabeth Stevens (appointed 25 January 20241 Company registered number: 05722118 Charlty reglsteied number: 1175514 Registered office: 2 Chandos Close Banbury Oxon OX16 4TL Company secretary. Simon John Hockley Smith Chiaf Executlve: Patrick Vercoe Accountants: Caroline Webster FCA UHY Ross Brooke Windrush Court Abingdon Busi ness Park Abingdon OX14 1SY Bankers: Cafcash Ltd PO Box 289 West Malling Kent Solicitors Brelhertons 19 South Bar Street Banbury OX16 9AF
BYHP (SUPPORTING YOUNG PEOPLE IN HOUSING NEED) (A company limited by guarantee) Tyustees. Report For the year ended 31 March 2024 The Trustees (who are also directors of the company for the purpose of the Companies Act) submit their annual report and financial statements of BYHP (Supporting Young People in Housing Needl (the company) for the year ended March 31, 2024. The Trustees confirm that the annual report and f i nancial statement5 of the company comply with current statutory requirements. the requ irements of the company's governing document and the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Report by Charities" revised 2019 IFRS 102) STRUCTURE, GOVERNANCE AND MANAGEMENT a. CONSTITUTION The company is a charitable coinpany limited by guèrantee and was set up by a Memorandum of Association. The company is constituted under a Memorandum of Articles and 15 I registered charity number 1115514. There have been no changes in the objectives since the last annual report. b. MrfHOD OF APPOINTMENT OR ELECTION OF TRUSTEES The In3nagement of the coinpany is the responsibility of the Trustees who are elected and co-opted under the terms of the Charity Commission Scheme. ORGANISATIONAL STRUCTURE AND DECISION MAKING The Board of Trustees aiid Officers meet at least six times per year, and day to day management of the organisation is delegated to the Chief Executive. The Chief Executive manages the staff team and delegates and oversees staff responsibi lities as appropriate. d. RISK MANAGEMENT The trustees regu larly asse.£s the major risks to which the company is exposed as part of each trustees meeti ng and regularly between meetings, particularly those related to the operations and fi nances of the company. The trustees are satisfied tliat this year systems and procedures are now in place to effectively mitigate exposure to the major risks.
BYHP {SUPPORTING YOUNG PEOPLE IN HOUSING NEED) Trustees. Report (Continued. .) For the year ended 31 March 2024 OBJECTIVES AND ACTIVITIES POLICIES AND OBJEcfivES BYHP'S mission statement Says.. We provide a range of specialist interventions offering support, advice and guidance to Young People 13-25, and their fami lies, facing known root causes of youth homeleg5ness. Those that are at risk of NEET (Not being in Education, Employment or Training), Family Breakdowns or Mental Health and Therapeutic needs, using the followi ng strategic objectives: Housing advice and information for those who are homeless or face the prospect of being homeless. Mental Health support, including counselling and psychotherapy. Family Mediation Employment and education support Access to foodbank services The strategic ai ms of the organisation are: To develop a range of services to improve the lives, skills, and opportunities of young people. To continue to provide confidential advice, information, and support services. Provide a range of mental health and wellbeing services. Identify new services to support Young People and react to their evei'_changing challenges. b. ACIVITIES FOR ACHIEVEING OBJECTIVES Our main objectives for the year continued to the be the prevention of homelessness, response to homelessness, and supporting Young People to achieve skills for independent living. The core activities we use to achieve Bnd meet our objectives this year have been: Provision of.. Advice relating to homelessness pathways and avoiding the risks of homelessness. Family mediation to resolve conf lict and enable young people I'emain at home. Employability Services to help young people find and maintain ernployment or reengage in education. Coun5elling and ment31 wellbeing services to support poor merital health. CAMHS Outreach Service providing individualised home and community support for complex needs. PROGRAMME RELATED INVESTMENTS The CEO, Head of Operations, 3nd Mental Healtli Manager worked hard this year to continue to build relationships with organisations to strengtheii financial support. Partnerships were renewed and new coniiections formed for future partnership working.
BYHP (SUPPORTING YOUNG PEOPLE IN HOUSING NEED) Tru5tees' Report Icontinued...) For the year ended 31 March 2024 d. VOLUNTEERS BYHP'S staff continues to be supported by a committed team of volunteers. Five placement therapigis support the counselling service, each provid ing one day a week to deliver BYH P's clients mental health sUPPOrt. A team of three volunteers maintain BYHP'S foodbank, labelling and checking food donations and preparing packages for clients in need. In addition, the volunteers help support fundraising activities and organise fundraising event5. ACHIEVEMENTS AND PERFORMANCE a. GOING CONCERN After maki ng appropi'iate enquiries, the trustees have 3 reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they conti nue to adopt the going concern basis in preparing the f inancia l statements. Further details regarding the adoption of the going concern basis can be found in the Accou nting Policies. b. REVIEW OF ACTIVITIES B YHP received 469 referrals during the period under review. Poor mental health issues continue to be at the foref ront of what we do. Of the 469 referrals, 152 were for the Couiiselling seNice, and 94 referrals were for the Mental Wellbeing Service. These figures represent 52Yo of all B YHP referrals. The mental health team members continue to offer both virtual and face to face appointments to all clients. 8YHP continued to provide group work in schools and supported 66 students across 5 local schools provid ing 6 weekly one hour session covering a range of subjects from healthy relationships to building I'esilience. These 66 students are in addition to the 469 referrals mentioned above. Our Unlocking Poteiitial project, which supported 17- to 21-year-olds who had been NEET for over 6 months, ended in June 2023. However, funding I'aised 3llowed us to continue to provide NEET support and a new N EET service was launched that replacpd both Unlocking Potential and Back on track (which ended in December 20221. The new service supports young people 16 to 25 wha are either NEET or at Risk of NEET and supports them to move back into education or on to employment. Our mediation service had to be suspended following the departure of our family mediator. However, one of our ther3PlSts completed mediation training and was able to re-launch the seiCe in November 2023. Our new mediator was able to support 6 families between November 2023 and March 2024. Investment in our staff continues to be a priority for the charity who are at the forefront of everything we do and achieve. As m@ntioned above we funded one of our therapists to complete mediation training. Our Wellbeing Practitioner has continued her counselling training and completed her Level 3 Counselling certif icate in June 2023. She moved onto the Level 4 cou rse iii September 2023. By July 2025 she will be a fu Ily qualified therapist. She is completing a considerable number Df her placement hours at BVHP in addition to delivering the Wellbei ng Service and school grou p work. One of our plocement therapists interviewed to stay with the company and now works part time for BYHP after having achieved a m3ster'g degree in counselling children and young people.
BYHP (SUPPORTING YOUNG PEOPLE IN HOUSING NEED) Trustees. Report (Continued.._} For the year ended 31 March 2024 Our CEO, Patrick Vercoe, became extremely ill and sadly passed away in October 2023. Despite the impact this had on the team, the Head of Operations, aiid the Mental Healtli Manager, ensured all services continued to operate and the team continued to support young people throughout this challenging time. Our Mental Health Manager received a promotlDn and became the new Head of Mental Health taking on a range of additional responsibilities. B YH P contiiiues to receive support f rom its Fundiiig Circle and a raiige of local companies in addition to nationwide Trusts and Foundations FUNDRAISNG ACTIVITIESNComE GENERATION BYHP draws upon a diverse range of income fi'om Trusts, Foundations, company giving, regular donor giving, major donor g iving, and public-sector contracts. The events volunteers further support the charity by hosti ng fundraising activities locally that both raise funds and 3YH P's profile. Aiiy funds raised that are unrestricted 3re 53ved as reserves where possible, and BVHP is aiming to coirplete restoration and maintain its reserves to the desired level within tlie forthcomiiig financial year. Income generated from charitable activities is restricted for the designated activities a nd is managed separately from funds held in reserves. BYHP'S main funders for 2023-2024 are.. European Social Fund and Big Lottery (Unlocking Potential Project) DCS Group Robert McAlpine Foundation Morrisons Aldi Co-op Thames Valley Police Proceeds of Crime Fund Fine and Country Estate Agents St. James Place Charity Foundation Oxford Health NHS CAMH5 services PYE Settlement Sports of England Schuster Oxford Community Foundation Sanctury Gilander Clotli Workers Foundation B3rr3tt Tesco CDC
BYHP {SUPPORTING YOUNG PEOPLE IN HOUSING NEED) Trustees. Report (Contlnued...) For the year ended 31 March 2024 FINANCIAL REVIEW RESERVES POLICY It is the policy of the charity to maintain suffici ent unrestricted reseNes to provide for charitable expenditure so that B YH P can continue to meet its objectives for a period of 5 months if 311, or most, of its income ceases. Our policy is to bui Id healthy reserves, ond to this end, any operating surplus achieved in any one year is re-invested in the charity and maintaining its service provision for the benefit of young people and theii- families. b. REVIEW OF THE YEAR The charity has negotiated its way through the year, recording a net expenditure before transfers of £26,946122-23 £30,771) and total income of £309,475122-23 £369,486) The trustees are g rateful to all members of staff in meeting the operational challenges following the passing of its CEO and maintaining the level of support expected by its service users. PLANS FOR THE FUTURE Our Fundraising Officer conti nues to meet fundraising targets and is building a network of funding managers for both cvrreiit ?pplicatioii advice and oiigoi ng graiit application guidance. We were unable to recruit a marketing apprentice as planned this year but will be recruiti ng one next year with the oiigoing strategy of raising the profile of the company and bui Idiiig solid communicotions with our wide range of stakeholders. A substantial social presence is important as many fund rnanager5 use this information when reviewing applications, so It is a key area to focus on and grow. We have increased our placement therapy team, as planned, and will be looking to rnai ntain this support with a review to increase volunteers in the future. GRANT INFORMATION We want to thank all our principal funding partners for their financial support. The key fund ing organisations are listed earlier in this report. MEMBERS. LIABILITY The Trustees of tlie company guarantee to contribute ali amount not exceeding £1 to the assets of the charity in the event of windi ng up.
BYHP {SUPPORTING YOUNG PEOPLE IN HOUSING NEED) Trustees, Report (Continued...) For the yeai ended 31 March 2024 EMPLOYEE INVOLVEMENT AND EMPLOYMENT OF THE DISABLED Employees meet with thei r li ne managers every month and all staff are consu Ited on personal needs or operational concerns. In addition, the whole team meets monthly, and the team are encouraged ta raise any maters of concern. Staff are encouraged to raise any issue5 relating to Health and Safety. Health and Wellbeing. Equal Opportunities and Equity i n either their 1-1 meeting s or with the team. BYHP has achieved a Level 1 Disability Confident Committed certificate from the Governments Disability Conf ident service and is looking to acli ieve the level 2 Disability Conf ident Einployer Certificate next year. The company has in place vai'ious detailed policies in relation to all aspects of personnel matters including.. Equal opportunities policy Equality and Diversity policy Sustainability policy Healtli & safety policy Menopause & Andropause policy Whistleblowi ng PDIicy Safeguarding & PREVENT policy In accordance with the co mpany's Equal opportunities policy, the company has long established fair employment practices in the recruitment, selection, retention and trai ning of staff. Full deta ils of these policies are available from the company's offices. PUBLIC BENEFIT BYHP is based in Banbury and works predominantly with the young people in ChepNell, however, the staff will provi de services to any young people that fall into a 15-mile rad ius of the office. I n 2023/24, 278 young people between the ages of 13 and 25 ijged BYHP'S services. 381 young people were assigned to different services, so several of the 278 young people accessed multiple services. TRUSTEES, RESPONSIBILITIES STATEMENT The Trustees (who are also directors of BYHP (Supporting Young People in Housing Need) for the pui'poses of company lawl are responsible for preparing the Trustees. report and the financial statements in accordance with applicable law and United Kingdom Accounti ng Standards IU nited Kingdom Generally Accepted Accounting Practice), Company law requires the Trustees to prepare financial statèments for each financial year. Under company law, Ihe Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitzble company and of the incoming resources and a pplication of resources, inclvding the income and expend iture, of the charitable company for that period. In preparing these financia I statements, the Trustees are required to-. select suitable accounting policies and then apply them consistently; ObSee the methods and principles i n the Charities SORP., make judgments and accounting estimates that are reasonable and prudent-
BYHP (SUPPORTING YOUNG PEOPLE IN HOUSING NEED) Trustees. Report (Continued...) For the year ended 31 March 2024 prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will contiiiue in operation. The Trustees are responsible for keeping adequate accounting records that are sufficient tc show and explai n the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable ccmpony and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for $3feguarding the Zssets of the charitable company and, hence, for taking reasonable step5 for the prevention and detection of fraud and other irregu larities. In prepai'ing this I'eport, the Trustees have taken advantage of the small companies, exemptions provided by section 415A of the Companies Act 200 is'l .kfrtJt This report was approved by the Tyustees on and signed on their behalf by.. Simo Ti'easu rer
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BYHP (SUPPORTING YOUNG PEOPLE IN HOUSING NEED) FOR THE YEAR ENDED 31 MARCH 2024 I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2024 which are set out on pages 10 to 23. Responsibilities and basis of repovt As the charity trustees of the company land also its d irectorg for the pu rposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061'the 2006 Act'l. Having satisfied myself that the accou nts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, | report iii respect of my exa1nination of your company's accounts as c3rried out under section 145 of the Cliarities Act 20111'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515)Ib) of the 2011 Act. Independent examlner's Statement Since the company's gross income exceeded £250,000 youi. examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm thal l am qualified to undertake the exzmination because l am a member of the Institute of Chartered Accountants iii England and Wales, which is oiie of the listed bodies. I have completed my examination. I confirm that no matters have came to my attention in connection with the examination givi ng me c3use to believe that in any material respect.. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act., or the accounts do not accord with those records., or the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view, which is not a matter considered s part of an independent examinatiDn', or the accounts have not been prepared in accordance with tfve methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102). I have no concerns and have come across no other matters in coiinection witli the examination to which attention should be drawii in this report in order to enable a proper understanding of the accounts to be reached. aroline Webster FCA UHY Ross Brooke Windrush Court Abingdon Business Park Abingdon OX14 1SY 13108124
BYHP (SUPPORTING YOUNG PEOPLE IN HOUSING NEED) STATEMENT OF FINANCIAL ACTIVITIES {INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024 Unrestyicted Funds 2024 Restricted Funds 2024 Total Funds 2024 Total Funds 2023 Notes Incoming resources fyom: Donations and legacies Charitable activities Other tradi ng activities Other incoming resources 125,777 67,400 61,448 976 9,334 193,177 61,448 6,692 48,158 176,841 131,602 7,607 53,436 5,716 38,824 Total income 170,317 139,158 309,47S 369,486 Expenditure on: Raising funds Charitable activities 231 231 731 5/6 178,471 151,537 330,008 389,387 Other expenditure 6,182 6,182 10,139 Total expenditure 184,884 151,537 336,421 40Q,257 Net Income/(expendlture) before transfers Unreali5ed loss on i nvestment Transfers between funds Net movement of funds in year Reconciliation of funds.. {14,5671 4,914 112,3791 126,946) 4,914 (30,771 } 13,4261 29,343 129,343) 19,690 (41,722) 122,032) 134,1971 Total funds brought forwai'd Total funds carried forward 149,862 82,295 232,157 266,354 169,552 40,573 210,125 232,157 The Statement of Financial Activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing artivities. io
BYHP (SUPPORTING YOUNG PEOPLE IN HOUSING NEED) BALANCE SHEET AS AT 31 MARCH 2024 Notes 2024 2023 Fixed Assets Tangible assets Investments 11,167 100 11,267 13.462 100 13,562 Current Assets Debtors Cash at bank St James Place Investment 12 28,164 144,495 51,488 28,946 761,025 46,574 224,147 236,545 Credltors Amounts due within one year 13 25,289 17,950 Net Current Asset5 198,858 218,595 Total Net Assets 14 210,125 232,157 The Fund5 of the Charity Unrestricted income funds -General Funds -Designated fund Restricted income funds 144,552 25,000 40,573 149,862 16 82,295 210,125 232,157 For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The di rectors acknowledge their responsibilities lor complying with the requirements of the Act with respect to accounting records and for the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to compaiiies subject to the small compa nies regi me. Thes accounts were 3pproved by the Board of Directors on theb and are signed on behalf of reasurer li
BYHP {SUPPORTING YOUNG PEOPLE IN HOUSING NEED) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Cash flows from operating activities: Net movement in funds for the reporting period (as per the statement of financial activities) 122,032) (34,1971 Adjustments for: 11 ncrease)/decrease in debtors Increase/ldecrease) in creditors Depreciation cliarge Loss on disposal of fixed assets Net cash provided by (used in) operating activities 782 7,339 634 1,661 111,6161 (27,486) (5,5591 1,188 (66,0541 Change in cash and cash equivalents in the reporting period {11,6161 166,0541 Cash and cash equivalents at the beginning of the reporting period 207,599 273,653 Cash and c35h equivalents at the end of the reporting period 195,983 207,599 12
BVHP (SUPPORTING YOUNG PEOPLE IN HOUSING NEED) COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Funds 2023 Restricted Funds 2023 Total Funds 2023 Incoming Resource5 Donations and legacies Charitable activiti es 106,591 70,250 176,841 131,602 131,602 Other trading activities Other incoming resources 7.607 7,607 52,936 500 53,436 Total Income 167,134 202,352 369,486 Resources expended: Raising funds Charitable activities 731 731 223,187 166,200 389,387 Other expenditure Total expendlture 10,139 10,139 234,057 166,200 400,257 Net income/(expenditure) before transfers Unrealised loss on investment (66,923) 13,4261 36,152 130,771) 13,426) Transfers between funds 19811 981 Net movement of funds In year Reconciliation of funds., 171,3301 37.133 134,1971 Total funds brought forwa rd 221,192 45,162 266,354 Total funds carried forward 149,862 82,295 232,157 13
BYHP (SUPPORTING YOUNG PEOPLE IN HOUSING NEED) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 1. Accounting Policies (a) Basis of Accounting BYHP constitutes 2 public benefit 35 defined by FRS 102. The accounts have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in a ccordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191, the Charities Act 2011 nd the Cotmpanies Act 2006. The Trustees consider that thei'e are no material uncertainties about the charity's ability to continue as a going-concern. The f i nancial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £. (b) Company Status BYHP is a company limited by guarantee (incorporated in England and Wales). The members of the company are the Trustees named on page 3. In the eveiit of the comp3ny being wound up, the liability in respect of the guarantee is limited to £1 per member of the company. {() Fund Accounting General funds are unrestricted funds which are available for use at tlie discretioii of the Trustees in furtherance of the general objective of the company and which have not been designated for other purposes. Designated funds are unrestricted funds which are available for general objectives of the company but have been designated by the Trustees for a particular purpose. Restricted funds are funds which arè to be used in accordance with specific restriction imposed by donors or which have been raised by the company for particular purposes. The cost of raising and administering such fu nds are charged against the specif ic fund. The aim and use of each restricted fund is set out in tlie notes to the fi nancial statement. Investment income, g3ins a nd losses are allocated to the appropriate fund. (d) Incoming re50urcps All incoming resources are included in the Statement of Financial Activities when the company has entitlemenl to the fu nds, certainty of receipt a nd the amount can be measured wiih sufficient reliability. Donated servi ces or facilities, which comprise donated services, are i ncluded in income at a valuation which is an estimate of the financial cost borne by the donor wliere such a cost is quantifiable and measurable. No income is recognised where there is no financial cost borne by a third party. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. 14
BYHP (SUPPORTING YOUNG PEOPLE IN HOUSING NEED) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting Policies (Continued) Income tax recoverable in relation to investment income is recognised at the time the investment income is received. (e) Resources expended All expend iture is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly atti'ibuted to particular octivities, they liave been allocated on a basis consistent with the use of the resources. (f) Tangible fixed assets and depreciation Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calcu lated to write of the cost of fixed èsset5, le55 their estimated residual value, over their expected usefu I lives on the following bases., Office equipment 25% I'educing balance Leasehold property improveimeiits 3.33 % straight li ne (g) Investments Investments in subsidiary undertaking are stated at cost at the balance sheet date. The Statement of financial activiti es includes the iiet ga ins and losses arising on revalu ations and di5PO531s thi'oughout the year. (h) Operating leases Reiitals under operating leases are charged to tlie Statement of f inancia l activities oli a straight-line basis over the lease term. Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the period uiitil the date the rent is expected to be adjusted to the prevailing market rate. (l) Government grants Government grants relating to tangible fixed assets are treated as deferred income aiid released to the Statement of financial activities over the expected useful lives of the assets concerned. Other grants al'e credited to the Statement of financial activities as the related expenditure is incurred. (i) Pensions The company operates a defined contribution pension scheme and the pension charge represents the amount payable by the company to the fund in respect of the year. 15
BYHP (SUPPORTING YOUNG PEOPLE IN HOUSING NEED) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 2. Voluntary income Unrestricted Restricted 2024 2023 Donations Grants Service level agreements 80,777 45,000 5,400 62,000 61,448 86,177 107,000 61,448 98,341 78,500 131,602 Volunt3ry income 125,777 128,848 254,625 30a,443 Several service level agreements are now in place working with in tandem with our partners in Oxfordshire which help underpin the f inancial performance of the charity. 3. Activltles for ralslng funds Unrestrlcted Restrlcted 2024 2023 Activities for raisi ng funds 5,716 976 6,692 7,607 4. Other income Unrestricted Restricted 2024 2023 Other income Rent31 income 21,904 16,920 9,334 31,238 16,920 36,516 16,920 Otlier income 38,824 9,334 48,158 53,436 5. Dlrect costs 2024 2023 Refreshments External supewisioii Misc staff expenses Young person costs Wages and Salaries National Insurance Pension costs 97 4,638 1,112 2,782 238,987 14,574 4,030 266,220 210 4,980 2,870 9,728 293,935 20,228 5,086 337,037 16
BYHP (SUPPORTING YOUNG PEOPLE IN HOUSING NEED) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 6. Support costs 2024 2023 Rates Electricity and Gas Travelling Printing, postage and stationery Telephone Membership Repairs and renewals Cleaning Premises expenses Staff Training Insu rance Accountancy and bookkeeping IT Advertising/Brand ing Depreciation Loss oli Disposal of assets 1,248 5,307 3,388 199 4,977 2,255 {403) 5,4S3 4,481 392 5,504 3,560 1,121 21,279 7,553 4,502 3,111 7,423 5,349 3,116 1,188 3,502 6,661 4,795 2,691 634 1,661 63,788 52,350 7. Other expenditure Unrestrlcted Restricted 2024 2023 Legal and professional fees Independent examination fee Bank Charges 4,062 2,040 80 4,062 2,040 80 8,064 1,9BO 95 6,182 6,182 10,139 8. Staff Numbers The average monthly number of employees during the year w3S'. 2024 No 2023 No Manzgement Support workers 14 12 17
BYHP ISUPPORTING YOUNG PEOPLE IN HOUSING NEED) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 9. Statt Costs 2024 2023 Wages and salaries Social security costs Pensions 238,987 14,574 4,030 293,935 20,227 5,086 257,591 319,248 No employee received remuneration ainounting to more than £60,000 in either year. No trustee received any remuneration or expeiises. Fees for professional Services provided by the trustees are detailed in note 18. 10. Tanglble fixed assets Office Equipment & Flxture 81 Fittings Leasehold Property Improvements Total Cost At 1 April 2023 Additions Disposals 35,758 15,585 51,343 135,7581 135,7581 At 31 March 2024 15,585 15,585 Deptreclatlon At 1 April 2023 Charge forthe year Elimi nated on d isposal 34,097 3,784 634 37,881 634 134,097) 134,0971 At 31 March 2024 4,418 4,418 Net book value At 31 March 2024 11,167 11,167 Al 31 March 2023 1,661 11,801 13,462 BYHP has been gifted the Youth and Community Centre. the LaunchPad in Grimsbury by Cherwell District Counci I, oli a loiig lease at zero cost. The value of the lease is u nknown. 18
BYHP (SUPPORTING YOUNG PEOPLE IN HOUSING NEED) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 11. Fixed asset investments Shares in Programmed Related Investments Market Value At 1 April 2023 and 31 March 2024 100 Subsidiary undertakings The following were subsidiary undertakings of the company; Name Holdings 100% Chprwell Counselling Centi'e Ltd- previously BYHP Pantry Limited The aggregate of the share capital and reseNes as at 31 March 2024 and of the profit or loss for the year ended on that date for the subsidiai'y undertakings were as follows.. Aggregate Share Capital Reserves ProliV(loss) Name Cherwell Counselling Ceiitre Ltd 301 12. Debtors 2024 2023 Trzde debtors Prepayments and accrued income 19,056 9,108 5,460 23,486 28,164 28,946 13. Credltors- Amounts Falling Due Wlthin One Year 2024 2023 Taxation and social security Accruals and deferred income Trade creditors Other creditors 5,269 5,245 825 13,950 5,135 5,743 6,476 596 25,289 17,950 19
BYHP (SUPPORTING YOUNG PEOPLE IN HOUSING NEED) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 14. Analysis of Net Assets between Funds Current year Net Current Assets 2024 Total Assets Unrestricted Funds Restricted Funds 158,285 40.573 169,552 40,573 198,858 210,125 Previous year Net Current Assets 2023 Total Assets U nrestricted Funds Restricted Funds 136,300 82,295 149,862 82,295 218,595 232,157 15. Movements on Designated Funds Previous year Balance 31 Mar 2023 Balance 1 Apr 2022 Income Expenditure Transfers Events funding 5,823 (5,823) 5,823 15,8231 Cuyrent year Balance 31 Mar 2024 Balance 1 Apr 2023 Income Expendlture Transfer5 I Cadbury 25,000 25,000 25,000 25,000 20
BYHP (SUPPORTING YOUNG PEOPLE IN HOUSING NEED) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 16. Movements on Restricted Funds Previous year Balance 31 Mar 2023 Balance 1 Apr 2022 Income Expenditure Transfers ESF Big Lottery BBO- Back on Track Tambour Foundation ESF Big Lottery BBO- Up Oxon CAMHS Project YPSA Eirergency Accommodation Fund Mental Wealth Academy Project Education & Employment Meiital Well Bei ng Project Lenox Hanney (Traiiiing -LPSI 9,924 13,520 120,867) (2,5771 990 12,473) 1,483 7,467 60,588 {60,712) 7,343 6,917 12,000 38,244 8,000 {>0,185) (2,458) 14,976 17,542 632 1130) (502) 7,232 51,500 (49,375) {9,357) 25,000 2,577 27,577 500 9,357 9,857 5,000 5,000 45,162 202,352 1166,2001 981 82,295 21
BYHP (SUPPORTING YOUNG PEOPLE IN HOUSING NEED) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Movements on Restricted Funds (continued) Current year Balance 31 Mar 2024 Balance 1 Apr 2023 Income Expendlture Transfeys ESF Big Lottery BBO- Up Oxon CAMHS Project YPSA Education & Employment Mental Well Being Project Lenox Hanney (Training -LPSI BOT 7,343 8,955 (11,013) 15,2851 14,976 17,542 29,066 8,000 (24,126) {16,115) (19,9161 (9,4271 27,577 18,427 (24,194) 5,285 27,095 9,857 59,234 (62,367) 6,724 5,000 12,6551 2,345 15,476 111,0671 4,409 82,295 139,158 {151,337) (29,343) 40,573 A number of restricted fuiids were used to support Young People. One of our restricted funds, Back on Track, a project designed to support young people 15-17 who were 3 risk of not continuing in education came to an end, The funds remaining were moved to our Education & Employment fund so that we can continue to support young people who are NEET (Not in Education, Employment or Trai ning, Our Mental Wealth Academy sei'vice, another restricted fund also ca me to an end this financial year with any remaining balance bei ng transferred to our new Mental Wellbeing SeNice so that we can continue to offer much needed mental health 5UPPOrt to young people 16-25. 17. Pènsion commltments The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £4,030 {2023: £5,086). At the year-end £592 was outstanding12023: £596). 22
BVHP (SUPPORTING YOUNG PEOPLE IN HOUSING NEED) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 18. Trustees. expenses During the year, trustees i iicurred expenditure on tlie company's belialf amountiiig to £ nil.12023- £nil). 19. Related party transactlons Dui'ing the year Wellers Accountants provided the company accounting services totalling £1,692 (2023.. £2,280). The amount outstanding at the end of the year was £Nil12023.' £2701. Simon Smith, director and treasurer of the company is a partner in Wellers. 23