BYHP (TACKLING THE ROOT CAUSES OF YOUTH HOMELESSNESS) (FORMERLY BYHP (SUPPORTING YOUNG PEOPLE IN HOUSING NEED) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Charity Number 1115514 Company Number 05722118
BYHP (fACKLING THE ROOT CAUSES OF YOUTH HOMELESSNESS) INDEX Page General Information Trustees, Report Independent Examiner's Report Statement of Financial Activities 10 Balance Sheet Statement of Cash Flows 12 Comparotive Statement of Fiiiancial Activities 13 Notes to the Accounts 14-23
BYHP ITACKLING THE ROOT CAUSES OF YOUTH HOMELESSNESS) (A company limited by guarantee) Reference and Administrative Details of the Company. its Trustees and Advisers For the year ended 31 March 2025 Trustees: Kath Morris IResigned 24 October 20241 Aline Shand Simon Smith Mark Petterson Jane Sarginson Sarah Austen Elizabeth Stevens Justine Cadbury Julie Briggs (resigned 5 July 20241 Company reglstered number: 05722118 Charlty reglstered number.. 1115514 Registered offlce: 2 Chandos Close Baiibury Oxon OX16 4TL Company secretary: Simoii Smith Chief Executive: Liiida Slide Accountants: Hannah Ormston CIPFA ACA UHY Ross Brooke Windrush Court Abingdon Business Park Abingdon OX14 1SY Banker5: Cafcash Ltd PO Box 289 West Malling Kent Solicitors Brethertons 19 South Bar Street Banbury OX16 9AF
BYHP {TACKLING THE ROOT CAUSES OF YOUTH HOMELESSNESS) IA company limited by guarantee) Trustees. Report For the year ended 31 March 2025 The Trustee5 (who are also directors of the charity for the purposes of the Companies Act) submit their annual report and the financial statements of BYHP {Tackling the Root Causes of Youth Homelessness) Ithe company) for the ye3r ended 31 March 2025. The Trustees confirm that the annual report and fin3ncial statements of the company comply with current statutory requirements, the requirements of the company's governing document and the provisions of the Statement of Recommended Practice ISORP} Accounting and Reporting by Charities" revised 2015 {FRS 1021. STRUCTURE, GOVERNANCE AND MANAGEMENT a. CONSTITUTION The company is a charitable company limited by guarantee and was set up by a Memorandum of Association. The company is constituted under a Memorandum of Articles and is a registered charity number 1115514. There have been no changes in the objectives since the last annual report. b. METHOD OF APPOINTMENT OR ELECTIQN OF TRUSTEES The management of the comp3ny is the responsibility of the Trustees who are elected and co-opted under the terms of the Charity Commission Scheme. c. ORGANISATIONAL STRUCTUR£ AND DECISION MAKING The Board of Trustees and Officers meet at least slx times per year, and day to day management of the orga nisation is delegated to the Chief Executive. The Chief Executive manages the staff team and delegates and oversees staff responsibll ities as appropriate. d. RISK MANAGEMENT The trustees regularly assess the major rlsks to whlch the company Is exposed as part of each trustee5 meeting and regularly between meetings, particularly those related to the operations and finances of the company. The trustees are satisfied that this year systems and procedures are now in place to effectively mitigate exposure to the major risks.
BYHP (TACKLING THE ROOT CAUSES OF YOUTH HOMELESSNESS) Trustees, Report (Contlnued...) For the year ended 31 March 2025 OBJEcfivES AND ACTIVITIES POLICIES AND OBJECTIVES BHYP'S mission statement says: We provide 3 range of specialist interventions offerinE support, advice and guidance to young people 13-25 and their families, facing known root causes of youth homelessness. Those that are at risk of NEET INot in Education, Employment or Training), Family Breakdown or Mental Health and Therapeutlc needs, uslng the following strategic obJectives: Housing advice and information for those who are either Homeless or facing the prospect of being Homeless. Mental Health support, Including Counselling and psychotherapy. Family Mediation Employability and education support. Acces5 to foodbank services The strategic aims of the organisation are: To develop a range of servlces to improve the lives, skills, and opportunitles of young people. To continue to p rovide confldential advice, Informatlon, and support servlces, Provide a range of mental health and wellbeing services. Identify new servlces to support Young People and react to their ever-changing challenges. b. ACTIVITIES FOR ACHIEVING OBJECTIVE5 Our main obJectlves for the year contlnued to be the prevention of homelessness, response to homelessness risks, and supporting young people to achieve skills for independent living. The core activities we used to achieve and meet our objectives this year has been: Provision of., Advice on homelessness pathways and avoiding the risks of homelessness. Family mediation resolving conflict and enabling young people to remain at home. Employability services supporting young people to find and malntain employment or re-engage in education. Counselling and mental wellbeing services supporting those experienclng poor menta I hed Ith. Counselling for parents of clients, strengthen ing family relationships and supporting voung people's wellbeing. CAMHS Qutreach Service providing individualised home and community support for complex needs. c. PROGRAMME RELATED INVESTMENTS During the year, BYHP has continued to StrenEthen programme-related investments. building on existing relationships and forming new partnerships to support long-term sustainability. The CEO
BYHP (TACKLING THE ROOT CAUSES OF YOUTH HOMELESSNESS) Trustees, Report (Contlnued...) For the year ended 31 March 2025 and Head of Client Services have worked to secure ongoing support and to establish future opportunities for collaboration, ensuring resources remain in place to deliver services that prevent youth homelessness and tackle its root causes. d. VOLUNTEERS BYHP'S work continued to be strengthened by the valuable contribution of volunteers. A team of five placement therapists supported the counselling service. each providing one day a week to deliver essential menta I health support to clients. Three vol unteers maintained the foodbank, ensuring donations were checked, labelled, and prepared into packages for those in need. Volunteers also played an important role in fundr3i5lng, both by supporting activities and helpi ng to organise events. B YH P is extremely grateful for the dedication, skills, and commitment of its volunteers, whose contribution remalns vital to the delivery of services and the wellbeing of our clients. ACHIEVEMENTS AND PERFORMANCE a. GOING CONCERN After making approprlate enquiries, the trustees have a reasonable expectation that the company has adequate resources to continue In operational existence for the foresee3 ble future. For this reason, they continue to adopt the going concern basis i n preparing the flnancial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies, b. REVIEW OF ACTIVITIES During the year under review, BYHP received 458 registrations across its services. Poor mental health continued to be the most common presenting issue, with counselling and wellbeing support together accountlng for around 60% of all reglstrations. The mental health team delivered both face-to-face and virtual session5, ensuring accessibility and choice for young people and their families. In addition to individ ual support, BYHP delivered group work in schools. Due to staff illness and changes within the team, provision was more limited than in previous years. A total of 11 students across two schools took part in structured sessions covering topics such as healthy relationships, resilience, and emotional wellbeing. The NEET service, established in the previous year, continued to support young people aged 16-25 who are NEET or at risk of becoming NEET. Delivery capacity was strengthened in November 2024 when Michelle Patterson joined the team as the new NEET Key Worker, following Sidra's departure d ue to long-term illness. Michelle a Iso continued to volunteer one day a week as a counsellor, adding additional value to the service. Family mediation remained an important part of BYHP'S work. Following its successful reintroduction in late 2023, the seNice continued to provide support to families experiencing conflict, helping to strengthen relationships and enable young people to remain at home where safe to do so.
BYHP ITACKLING THE ROOT CAUSES OF YOUTH HOMELESSNESS) Trustees. Report {Contlnued...I For the year ended 31 March 2025 Staff development remained a priority throughout the year. Dani jolned BYHP as a Marketing Apprentice in July 2024, strengthening outreach and engagement. Libby completed her Level 3 Counselling Certificate in June 2023. progressed onto the Level 4 course in September 2023, and began completing placement hours alongside delivering the Wellbeing Service. By July 2025, she Is expected to qualify as a therapist. Naomi's mediation training added further capacity to the service, while another placement ther3PiSt, having achieved 3 Master's degree in Counselling Children and Young People, joined BYHP part-time as a counsellor. Leadershi p change5 also took place during the year. Following the appoi ntment of Linda Slide as CEO in March 2024. responsibilities were reshaped to strengthen the management structure. Emma Phil l ips was appointed as Head of Client Services, taking on areas previously overseen by the CEO, to ensure service delivery remained robust and well-coordinated. These change5 have provided greater resilience within the senior team and supported the smooth continuation of BYHP'S work. BYH P contlnues to benefit from the su pport of Its Fundlng Circle, local com panie5, and natlonwide Trusts and Foundations. Their contributions remaln vital in enabling the organisation to del iver seNices that tackle the root causes of youth homelessness. c. FUNDRAISING AcfiviTIES/INCOME GENERATION BYHP draws upon a diverse range of income from Trusts, Foundations, company glving, regular donor giving, major donor glving, and public-sector contracts. The events volunteers further support the charity by hasting fundralsing activities locally that both ra ise funds and BYHP'S profile. Any funds raised that are unrestrlcted are saved as reserves where possible, and B YHP is aim i ng to complete restoration and maintain its reserves to the desired level within the forthcoming financial year. Income generated from charitable activities is restricted for the designated activities and is managed separately from funds held In reserves. BYHP'S main funders for 2024-2025 are.. DCS Sports For England StJames Place Thriving M inds Garfield Western Sanctury Thames Valley Police Robert McAlpine HSBC GWUK Pye Settlement Banbury Charities Fine & Country
BYHP (TACKLING THE ROOT CAUSES OF YOUTH HOMELESSNESS) Trustees, Report ICDntinued...) For the year ended 31 March 2025 Clothworkers Foundation Oxford Community Foundation ESC Lotterv Mental Wellbeing Oxford Community Response Oxfordshire Youth FINANCIAL REVIEW a. RESERVES POLICY It is the policy of the charity to maintain sufficient unrestricted reserves to provide for charitable expenditure so that BYHP can continue to meet its objectives for a period of 5 months if all, or most, of its income ceases. Our policy is to build healthy reserves, and to this end, any Operating surplus ach ieved in any one vear is re-invested in the charity and maintai ning its service provision for the benefit of young people and their familles. b. REVIEW OF THE YEAR The charity has negotiated its way through the year, recording an operating surplus of £103,073123- 24,. £26,946 deficit) from an income of £424,008123-24; £309,475). The trustees are grateful to 311 members of staff for their commitment and resilience during a period of organisational transition, ensuring that the high level of support expected by service users was maintained throughout the year. c. PLANS FOR THE FUTURE BYH P will continue to focus on strengthening its fundraising capacity to ensure long-term sustainability. Our Fundraising Officer remains central to this work, maintaining relationships with funders and building a network of contacts for advice, guidance, and ongoing grant opportunities. During the year we successfully recruited a Marketi ng Apprentice, who is helping to deliver our strategy of ralsing the ch2rlty's profile 3nd improving communications with our wicje range of stakeholders, Over the comlng year, we will build on this foundation, further developing our digital and social media presence. This is i ncreasingly important as many funders review public engagement when considering applicatlon5. We have maintained our team of counselling placement therapists and will continue to provide training and support to ensure the service remains strong. Looking ahead, we will review opportunities to expand our volunteer base across different service areas, further increasing capacity to meet growing demand.
BYHP {TACKLING THE ROOT CAUSES OF YOUTH HOMELESSNESS) Trustees, Report Icontinued. .) For the year ended 31 March 2025 GRANT INFORMATION We wa nt to tha nk all our principal funding partners for their financia I support. The key fundi ng organisations are listed earlier in this report. MEMBERS, LIABILITY The Trustees of the company guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of wlndi ng up. EMPLOYEE INVOLVEMENT AND EMPLOYMENT QF THE DISABLED Employees contlnue to meet with their Ilne managers monthly and all staff are consulted on personal needs or operational concerns. In addition, the whole team meets monthly and are encouraged to raise any matters of concern. Staff are supported to raise issues relatlng to Health a nd Safety, Health and Well being, EoLJal Opportunlties, and Equity, either in their one-to-one meeti ngs or in tea m discussions. To further strengthen thls, BYHP has introduced an easy-to-use mobile application that enables staff to report Hea Ith and Safety issues instantly v13 thelr phone. During the yea r, BYHP achieved the Level 2 Disability Confident Employer certificate from the Government's Disabillty Confident service, building on Its earlier Level l award. The charlty is now worklng towards the Level 3 Leader st3tus, demonstrating its commitment to inclusive and accessi ble employmer)t practices. The company continues to maintain a wide range of policies covering all aspects of personnel matters, including.. Equal Opportunities Policy Equallty and Diverslty Policy Sustainability Policy Health & Safety Pollcy Menopause & Andropause Pollcy Whistleblowing Policy Safeguarding & PREVENT Policy In accordance wlth the Equal Opportunities Policy, BYHP has long established fair employment practices in the recruitment, selection, retention, and training of staff. The charity also places a strong emphasis on professional development, with staff supported to undertake training and qualifications that enhance both individual skills and organisational capacity. PUBLIC BENEFIT BYHP is based in Banbury and works predominantly with young people and families across the Cherwel I district and within a 15-mile radius of the charity's offices. During 2024/25, the cha rity delivered 1,722 sessions across 7 different activities and services, ranging from counselling and wellbeing support to family mediation, employability programmes, housing advice, and foodbank provision.
BYHP ITACKLING THE ROOT CAUSES OF YOUTH HOMELESSNESSI Trustees, Report Icontlnued...) For the year ended 31 March 2025 In total, 241 individuals engaged in support through B YHP'S services thls year. This figure reflects those who actively participated, rather than the wider number of referrals received. Many of these young people and families engaged in multiple sessions, with a combined 1,768 attendances recorded across the year. These actlvlties demonstrate BYHP'S commitment to tackling the root causes of youth homelessness by supporti ng mental health, family stability, employability, 3nd access to essential resources. The trustees confirm that they have had due regard to the Charity Commission's guidance on public benefit when planning and reviewlng the charity's activlties. Through this work, BYHP helps young people and families to build resilience, improve wellbeing, and move towards more stable and positive futures. TRUSTEES. RESPONSIBILITIES STATEMENT The Trustees (who are also directors of BYHP (Tackling the Root Causes of Youth Homelessness} for the purposes of company lawl are responsible for preparing the Trustees, report and the financial statements In accordance wlth applicable13w and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financi31 year. Under company law the Trustees must not approve the flnanclal statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resou rces and appl ication of resources, including the income 2nd expenditure, of the charitable company for that period. In preparinE these financi al statements, the Trustees are required to: select suitable accounting policies 3nd then apply them consistentlv,, observe the methods 2nd principles in the Charities SORP; make judgments and accounting estimates that are reasonable and prudent,. prepare the financia I statements on the going concern basis unless it is ina ppropriate to presume that the charitable company will continue in operation. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and d isclose with reasonable accuracy at any time the f inancia I position of the charitable company and enable them to ensure that the f inancial statements comply with the Companie5 Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detectlon of fraud and other Irregularlties. In preparinE this report, the Trustees h3ve taken 3dvantage of the small companies, exemptions provided by section 415A of the Companies Act 2 This report was approved by the Trustees on and signed on their behalf bv: ,IIIA Treasurer
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BYHP (TACKLING THE ROOT CAUSES OF YOUTH HOMELESSNESS) FOR THE YEAR ENDED 31 MARCH 2025 I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2025 which are set out on pages 10 to 23. Responsibilities and basis ol report As the chzrity trustees of the comp3ny (and also its di rectors for the purposes of company law) you al'e responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061'the 2006 Act,). Having satisfied myself that the accounts of thè company are not requii'ed to be audited under Part 16 of the 2006 Act and are elig ible for independent examination, I report in respect of my exainination of your com pany's accounts 35 carried out under section 145 of the Charities Act 2011 I'the 2011 Act,). Iii carrying out my examination I have followed the Directions given by the Charity Commission under section 145(51(b) of the 2011 Act. Independenl examlner's statoment Since the company's gross income excepded £250,000 your examiner must be a member of a body listed in section 745 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of the Institute Df Cliartered Accountants in England and Wales, which is one of the listed bodies. I liave completed my examination. I confi rm that no matters liave come to my attention in connection with the examination giving me cause to believe that iii any matei'ial respect.. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act., oi. the accounts do not accord with those records., or the accounts do not complywith the accounting requirements of section 396 of the 2006 Act other thali a ny requirement that the accounts give a 'true ènd fair view, which is not a matter considered as part of an independent examination,. or the accounts have not been prepared in accordance with the 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 (FRS 1021. I have no concerns and have coine across no other Inatters in connection with the examination to which atteiition should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Iifr Date. 2611112025 Hannah Ormston CIPFA ACA UHY Ross Brooke Windru5h Court Abingdon Business Park Abingdon OX14 ISY
BYHP (TACKLING THE ROOT CAUSES OF YOUTH HOMELESSNESS) STATEMENT OF FINANCIAL AcfiviTIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025 UnrestrictÈd Funds 2025 Restricted Funds 2025 Total Funds 2025 Total Funds 2D24 Notes Incoming resources from: Donations and legacies Charitable activities Other tradi ng activities Other incoming resources 92,620 201,710 33,642 550 10,000 294,330 33,642 7,084 88,952 193,177 61,448 6,692 48,158 6,534 78,952 Total income 178,106 245,902 424,008 309,475 Expendlture on: Raising funds Charitable activities 301 301 231 5/6 171,109 132,880 303,989 330,008 Other expenditure 6,245 10,400 16,645 6,182 Total expenditure 177,655 143,280 320,935 336,421 Net income/(expendlture) before transfers Unrealised gain on investment Transfers between fuiids Net movement of funds in yèar 451 102,622 103,073 {26,9461 1,957 1,957 4,914 1,304 11,304) 3,712 101,318 105,030 122,0321 Reconciliation of funds-. Total funds brought forward Total funds carrled forward 769,552 40,573 210,125 232,157 173,264 141,891 315,155 210,125 The Stateirent of Financial Activities includes all gains and losses recogiiised in the year. All income and expenditure derive froin continuing activities. io
BYHP (TACKLING THE ROOT CAUSES OF YOUTH HOMELESSNESS) BALANCE SHEET AS AT 31 MARCH 2025 Notes 2025 2024 Fixed Assets Tang ible assets Investments 10 81,700 100 81,800 11,167 ioo 11,267 Current Assets Debtors Cash at bank St James Place Investment 12 76,656 131,422 53,445 28.164 144,495 51.488 261,523 224,147 Creditors Amounts due within one year 28,168 25,289 Net Current Assets 233,355 198,858 Total Net Assets 14 315,155 210,125 The Funds of the Charity Unrestricted i ntome funds -General Funds -Designated fund Restricted iiicome funds 173,264 144,552 25,000 40,573 15 16 141,891 315,155 210,125 For the year ended 31 March 2025 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 directors acknowledge their responsibilities for complying with the requi rements of the Act with respect to accounting recoi'ds and for the preparation of accounts. These accounts liave been prepared in accordance with the provisions applicable to coir panies Subject to the small companies regime. Th e accounts were approved by the Board of Directors on and are signed on belialf Treasurer li
BYHP (TACKLING THE ROOT CAUSES OF YOUTH HOMELESSNESS) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 IVIARCH 2025 2025 2024 Cash flows from operating activitles= Net movement in funds for the reportiiig period las per the statement of f inancial activities) 105,030 (22,0321 Adjustments for. Ilncrease)/decrease in debtors Increase/(decrease) in creditors Depreciation charge Fixed asset additions Loss on disposal of fixed assets Net cash provided by (used in) operating activities 148,492) 2,879 1,662 (72,1951 782 7,339 634 1,661 (11,616) {11,1161 Change In cash and cash equivalents in the rèporting period {11,1161 111,616) Cash and cash equlvalents at the beginning of the reporting period 195,983 207,599 Cash and cash equivalents at the end ol the reporting perlod 184,867 195,983 12
BYHP ITACKLING THE ROOT CAUSES OF YOUTH HOMELESSNESS) COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Funds 2024 Restricted Funds 2024 Total Funds 2024 Incoming Resource$ Donations and legacies Charitable activities 125,777 67,400 193,177 61,448 61,448 Otlier trading activiti es Other incoming resources 5,716 976 6,692 38,824 9,334 48,158 Total income 170,317 139,158 309,475 Resources expended: Raising funds Charitable octivities 231 231 178,471 151,537 330,008 Other expenditure 6,182 6,182 Total expenditure 184,884 151,537 336,421 Net income/(expenditure) before transfers Unrealised loss on investment (14,5671 4,914 (12,3791 (26,9461 4,914 Transfers betwèen funds 29,343 129,343) Net movement of funds In y•?r Reconciliation of fund5'. 19,690 {41,722) (22,0321 Total fuiids brought forward Total funds carried lorward 149,862 82,295 232,157 169,552 40,573 210,125 13
BYHP (TACKLING THE ROOT CAUSES OF YOUTH HOMELESSNESS) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 1. Accounting Policies (a) Basis of Accounting BYHP constitutes a public benefit as 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 accordance with the Financial Reporting Standard applicable in the UK 3nd Republic of Ireland (FRS 1021 (effective 1 January 20191, the Charities Act 2011 and the Companies Act 2006. The Trustees consider that there are no materia l uncertainties about the charity's ability to continue as a going-concern. The financial Statements are presented in sterliiig 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 compaiiy are the Trustees named on page 3. In the event of tlie compaiiy being wound u p, tlie liabi lity in respect of the guarantee is limited to £1 per member of the company. The compaiiy was formerly known as BYHP (Supporting Young People iii Housiiig Need) (c) Fund Accountlng General funds are unrestricted funds which are available for use at tlie discretion 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 purposè. Restricted funds are funds which are 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 funds are charged against the specific fvnd. The aim and use of each restricted fund is set out in the notes to the financial statement. Investinent income, gain5 and losses are allocated to the appropriate fund. (d) Incoming resources All incoming resources are included in the Statement of Financial Activities when the company has entitlement to the funds, certainty of receipt and ihe amount can be measured with sufficient reliobility. Donated services or facilities, which comprise donated services, are included in i ncome at a valuatio which is an estimate of the financial cost borne by ihe donor where such a cosi 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 ffACKLING THE ROOT CAUSES OF YOUTH HOMELESSNESS) 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 expenditure 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 attributed to particular zctivities, they have been allocated on a basis consistent with the use of the resources. (f) Tanglble lixed 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 assets, le5S thei r estimated residual value, over their expected usefu I lives on the following bases: Leasehold property improvements 15 to 30 years straight line BYHP will capitalise expenditures on fixed assets where the total cost (includi ng any directly attributable costs such as installation, delivery, non-recoverable VAT, etc.) exceeds £5,000. {g) Investments Investments iii subsidiary undertaking are stated at cost 8t the balance sheet date. Tlie Statement of financial activities i ncludes the net gains and losses arisiiig on revaluations and disposals throu ghout the year. {h) Operating leases Reiitals uiider operating leases are charged to the Statement of f inancia l activities oli a straight-li ne basis over the lease term, Benefits received and receivable as an iiicentive to sign an operating lease are recognised on a straight-line basis over the period until the date the rent is expected to be adjusted to the prevailing market rate. {1) Government grants Government gi'ants relating to tangible fixed assets a re treated as deferred income and released to the Statement of financial activities over the expected useful lives of the assets concerned. Other grants are credited to the Statement of financial activities as the related expenditure is incu rred. U) Pension5 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 (TACKLING THE ROOT CAUSES OF YOUTH HOMELESSNESS) NOTES TO THE ACCOUNTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 2. Voluntary income Unrestricted Restricted 2025 2024 Donations Grants Service level agreements 67,569 25,051 11.678 190,032 33,642 79,247 215,083 33.642 86,177 107,000 61,448 Voluntary income 92,620 235,352 327,972 254,625 Several service level agreemeiits are still in place working in tandem with our partners in Oxford5hire which help underpin the financial performance of the charity. 3. Activlties for ralsing funds Unrestrlcted Restricted 2025 2024 Activities for raising funds 6,532 550 7,084 6,692 4. Other income Unrestricted Restricted 2025 2024 Other income Rental income 62,032 16,920 10,000 72,032 16,920 31,238 16,920 Other income 78,952 10,000 88,952 48,158 5. DFrect costs 2025 2024 Refreshments Exteriial supervision 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 5,800 474 710 226,300 12,984 4,445 250,713 16
BYHP (fACKLINfj THE ROOT CAUSES OF YOUTH HOMELESSNESS) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 6. Support costs 2025 2024 Rates Electricity and Gas Travelling Printing, postage and stationery Telephone Membership Premises expenses Staff Training Insurance Accountancy and bookkeeping IT Advertising/Branding Depreciation Venue hire Suiidry expenses Loss on Disposal of assets 596 7,328 2,017 42 4,261 1,996 8,401 4,914 3,821 8,051 5,458 1,410 1,662 3,000 319 1,248 5,307 3,388 199 4,977 2,255 21,279 5,191 3,502 6,661 4,795 2,691 634 1,661 53,276 63,788 7. Other expenditure Unrestricted Restricted 2025 2024 Legal and professional fees Independent examination fee Bank Charges 14,462 2,100 83 14,462 2,1QO 83 4,062 2,040 80 16,645 16,645 6,182 8. Staff Numbers The average monthly number of employees during the year was.. 2025 2024 Management Support workers 12 17
BYHP (TACKLING THE ROOT CAUSES OF YOUTH HOMELESSNESS) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 9. Staff Costs 2025 2024 Wages and salaries Social security costs Pensions 226,300 12,984 4,914 238,987 14,574 4,030 244,198 257,591 No employee received remuneration amounting to more than £60,000 in either year. No trustee reLeived Ony remuneration or expenses. Fees for profe55ional services provided by the trustees are detailed in note 18. 10. Tangible fixèd assets Leasehold Property Improvements Total Cost At 1 April 2024 Additioiis Disposals 15,585 72,195 15,585 72,195 At 31 March 2025 87,781 87,781 Depreriatlon At 1 April 2024 Charge for the year Eliminated on disposal 4,418 1,662 4,418 1,662 At 31 March 2025 6,081 6,081 Net book value At 31 March 2025 81,700 81,700 At 31 March 2024 11,167 11,167 BYHP lias been gifted the Youth and Community Centre, the LaLinchPad in Grimsbury by Cherwell District Cou ncil, on a long lease at zero cost. The value of the lease is unknown. 18
BYHP (TACKLING THE ROOT CAUSES OF YOUTH HOMELESSNESS) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 11. Fixed asset investments Shares In Programmed Related Investments Market Value At 1 April 2024 and 31 March 2025 100 Subsldiary undertaklngs The following were subsidiary Lindertaki ngs of the company., Name Holdings 100° Cherwell Counselling Centre Ltd- previously BYHP Pantry Limited The aggregate of the share capital aiid reseNes as at 31 March 2025 and of the profit or loss for the year ended on that date for the subsidiary u ndertakings were as follows.. Aggregate Share Capital Reserves Profitl{loss) Name Cherwell Counselling Centre Ltd 301 12. Debtors 2025 2024 Trade debtors Prepayments and accrued income Other debtors 19,056 57,531 69 19,056 9,108 76,656 28,164 13. Creditors- Amounts Falling Due Withln One Year 2025 2024 Taxation and social security Accruals and deferred income Trade creditors Other creditors 3,902 8,921 11,341 4,004 5,269 5,245 825 13,950 28,168 25,289 19
BYHP ITACKLING THE ROOT CAUSES OF YOUTH HOMELESSNESS) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 14. Analysis of Net Assets between Funds Current year Net Current Assets 2025 Total Assets Unrestricted Funds Restricted Funds 162,631 70,724 173,264 141,891 233,35S 315,155 Previous year Net Current Assets 2024 Total Assets U nrestricted Funds Restri cted Funds 158,285 40.573 169,552 40.573 198,858 210,125 15. Movements on Designated Fund5 Previous year Balance 31Ma 2024 Balance 1 Apr 2023 Income Expenditure Transfers I Cadbury 25,000 25,000 25,000 25,000 Cuirent year Balance 31 Mar 2025 Balance 1 Apr 2024 Income Expendlture Transfe I Cadbury 25,000 25,000 (25,000) {25,0001 20
BYHP (fACKLING THE ROOT CAUSES OF YOUTH HOMELESSNESS) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 16. Movements on Restricted Funds Previous year Balance 31 Mar 2024 Balance 1 Apr 2023 Income Expenditure Transfer5 ESF Big Lottery BBO - Up Oxon CAMHS Project YP5A Education & Ernployment Mental Well Being Project Lenox Hanney (Training -LPS) BOT 7,343 8,955 111,0131 (5,285) 14,976 17,542 29,066 8,000 (24,126) (16,1151 {19,9161 (9,4271 27,577 18,427 (24,194) 5,285 27,095 9,857 59,234 162,3671 6,724 5,000 (2,655) 2,345 15,476 11,067) 4,409 82,295 139,158 {151,3371 129,343) 40,573 21
BYHP (fACKLING THE ROOT CAUSES OF YOUTH HOMELESSNESS) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Movements on Restricted Funds (continued) Current year Balance 31 Mar 2025 Balance l Apr 2024 Income Expendlture Transfers Education & Employment Mental Well Being Project Lenox Haiiney (Traiiiing -LPSI CAMH5 Project YPSA SJP (for Counsellingl J&CSlide Sports of England Catenian foi. tents Oxford Community Foundation CDC Lotteiy Clothworker5 Foundation Groundwork UK 8L Banbury Charities Fixed asset funds 18anbury Charities) 27,095 19,551 115,3031 31,342 6,724 89,337 (66,7821 29,278 2,345 12,655) 310 25,642 8,000 5,000 978 1 5,000 200 (23,526) 18,0001 {5,0001 1930) (13,400) (51) 2,116 977 1,025 11,600) 149 14 114) 1,000 1,000 3,418 {1,9781 1,441 9,000 (4,6271 4,373 72,195 11,0281 71,167 40,573 245,903 (143,2801 {1,3041 141,892 A number of restricted funds were received and applied during tlie year in accordance with donors, intentions. Tlie YPSA project, a four-year funded programme, coiicluded during the financial year ending March 2025. The SJP coun5elling grant was a one-year fund that has now been fully spent. The Groundwork U K and Banbury Charities grant was restricted for essential build ing maintenance; most of the fu ndi ng has been utilised, with the remaining balance allocated to ongoing improvement works yet to be completed. Other restricted funds, including those supporting Education Employment and Mental Wellbeing. continue to deliver services for young people acruss 8YHP's core programmes. The fixed asset fund contai ns the capitalised assets paid for with the Groundwork UK and Banbury Charities g rant. 22
- Pension commitments The company operates a defined contribution pension scheme. The assets of the scheme are held sepa rately from those of the company in an independently ad ministered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £4,44512024: £4,030). At the year-end £592 was outstanding (2024- £592).
- Tvustees. expenses During the year, trustees incurred expenditure on the company's behalf amounting to £nil.12024: £nill.
- Relaled party transactions During the year Wellers Accouiitant5 provided the company accounting seNices totalling £2,640 {2024- £1,692). The amount outstaiiding at the end of the year was £15012024.. £nill. Simon Smith, director and ti'easurer of the company is a partner in Wellei's. 23