Company registration number: 07313040 Charity registration number.. 1138554 Doncaster Housing for Young People Ltd (A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 March 2024 Crozier Jones LLP Chartered Certified Accountants and Registered Auditors 9113 Thorne Road Doncaster South Yorkshire DN12HJ
Doncaster Houslng for Young People Ltd Contents Trustees, Report 1 to10 statement of Trustees, Responsibilities 11 Independent Examiner's Report 12to13 Statement of Financial Activities 14to15 Balance Sheet 16to17 Notes to the Flnanclal Statements 18to33
Doncaster Housing for Young People Ltd Trustees. Report The trustees, who are directors for the purposes of company law, present the annual report together with the fi'nancial statements of the charitable company for the year ended 31 March 2024. Objectlves and actlvitlo8 Objects and aims The Charity provides services in line with its objectives, which are to advance the interests of young people beeen the ages of 16 and 25 in Doncaster and surrounding areas who are homeless. vulnerable to homelessness, or inadequately housed, by providing accommodation, advice. services, and support. We operate a range of services that together provide an integrated package of support for young people who are homeless or at risk of homelessness, supporting them to overcome disadvantsge so they can fulfil their potential. Our projects include Supported Lodgings, Floating Support, Shared Supported Housing, Counselling & Wellbeing, a Progressions seNice, and an Employment Skills Project, through which young people acquire new skills and gain valuable volunteering experience, We continue to place great emphasis on homelessness prevention and run an educational project to raise awareness of the realities of homelessness with young people in schools and colleges across Doncaster. A significant proportion of the clients we support are young parents, meaning we are simultaneously supporting generations. Our homelessness prevention work helps prevent young people from developing chaotic lifestyles and the poverty, ill health, and social exclusion this can often lead to. Our work extends into related areas, including support in developing essential life skills and accessing other services, such as support with mentsl ill health. Page 1
Doncaster Housing for Young People Ltd Trustses, Report Objectives, strategies and activities Involving young people The involvement of young people in developing and reviewing SeNiS is a core principle, reflecting a client-led ethos and ensuring services are responsive to changing needs. During the year we delivered over 1,000 hours of counselling and wellbeing support. a service that has grown significantly in recent years based on client needs and feedback. Jess, a client, stated, 'The support and help I've received from DHYP, especially Lisa and Andy, has been absolutely fantastic, from the minute I got in touch to today I'm still receiving support from DHYP." This year, we continued with the client scrutlny arrangements, scrutinising key processes within DHYP which strengthens the Vol of young people within our organisation. For example, young people reviewed our Employment Skills Service during the year, bringing their own lived experiences to the project and significantly amending the project content. Our services are young people-led and respond to emerging client needs which is reflected, for example, in the content of our life skills sessions and Moving on Project which help prepare young people for independent living. We also supported young people to take part in the Vital Signs research for South Yorkshire's Community Foundation, empowering them to have their say about what matters to them in their local community. nb Pictured.. Young people taking part in the scrutiny group meeting Page 2
Doncaster Housing for Young People Ltd Trustees, Report Collaborats'on We work closely with a range of statutory and voluntary organisations across Doncaster and regard effective collaboration as crucial to m8ximising our impact. There is a thriving voluntary, community, and faith sector in Doncaster, doing vitsl work in the community. Through collaboration across all these sectors, we can extend the reach of our services and provide learning and volunteering opportunities for young people. Publlc boneflt When planning the activities for the year the trustees have considered the Charity Commissions guidance on public benefit. The activities described above, and achievements and future plans outlined elsewhere in this report deliver positive change to a large number of young people and to the community in general, and thus deliver public benefit. The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. Page 3
Doncaster Housing for Young People Ltd Trustees. Report Achlevemonts and performance During the year, we provided a range of commissioned and non-commissioned services, funded through a blend of contract and grant funding. Through our housing-related support contract with Doncaster Council, we provide supported lodgings and floating support services, underpinned by a range of perf0rrnan indicators measuring the impact of our work. Our supported lodgings service prepares young people for independent living, with 930/0 of clients successfully moving on from the service during the year, with an average length of stay of 10 months. Our floating support service helps young people set up and sustain 8 tenancy, with 960/0 of clients successfully engaged with the service during 2023-24. At any one time, there are around 45 young people in supported lodgings or on floating support. Within our grant-funded projects, we have a range of performance targets to assess the impact of our work, including: 1. 37 young people supported to find a home 2. 17 young people volunteered in the community or gained workplace experience 3. 14 young people accessed training or education 4. 10 young people participated in the employment skills project 5. 5 young people secured employment 6. 46 young people involved in client engagement activities 7. 94 young people took part in homelessness prevents'on sessions in schools and colleges 8. 554 one-to-one counsellinglwellbeing sessions provided 9. 550 client hours of wellbeing support provided at the Wellbeing Hub 10. Over 200 young people received advice and guidance on housing matters Behind the statistics are personal stories of individual young people and lives transformed. We measure how clients are doing through our Theory of Change, focusing on the client journey and supporting young people to achieve their potential. "DHYP has helped me have stability in my life" (Tom, November 2023) Community Volunteering During the year, clients engaged in various volunteering endeavours providing 432 hours of support to DHYP throughout 2023-24, including clearing pathways at a local scout's club in Squirrel Wood and decorating the cabin like Santa's grotto for their Christrnas events. Page 4
Doncastsr Housing for Young People Ltd Trustses. Report Pictured: Young people took part in volunteering activities at Christmas. Appreciation Trustees would like to express their 8ppreciation to staff, volunteers, and supported lodgings hosts, along with the many funders, stakeholders, companies, and individuals who supported our vitsl work throughout the year. In September 2023, DHYP celebrated its 30th year, we would like to extend a special thank you to our patron, Dame Rosie Winterton who handed out the appreciation certificates to our young people. Page 5
Doneaster Housing for Young People Ltd Trustses. Report FOR Pictured: Our Patron, Dame Rosie Winterton, presented certificates of achievement to young people at our 30th Anniversary Event. We were also honoured to be selected as one of the Doncaster Chamber's President's Charity of the Year in 2023 and are extremely grateful for the generous support we receive from the business sector in Doncaster. Financlal review Total incoming resources from don8tions, charitable activities, investment and other income for the year ended 31 March 2024 was £393,571 (2023: £418,824),. 8 decrease of approximately £25,000, as result of a £58,000 decrease in grant funding, but a £30,000 increase in donations and £3,000 increase in trading and investment income. Total expenditure for the year ended 31 March 2024 was £355,169 {2023.' £344,089),. an increase of £11,000. The reduction in income, and increase in expenditure, resulted in a surplus of income over expenditure of £38,402, compared to £74,735 in 2023. Page 6
Doncaster Housing for Young People Ltd Trustees. Report Policy on resetvos At the year end total reserves carried forward were £245,067 made up of £70,030 restricted funds and £175,037 unrestricted funds of which £72,516 were designated. (2023.. Total funds of £206,665 including £49,318 restricted and £157,347 unrestricted funds of which £53,500 were designated). Total funds include £89,580 which could only be realised by disposing of fixed assets. The charity's unrestricted free reserves at 31 March 2024 were £102,365 (2023.. £103,639). The reserves policy is reviewed annually. The policy commits the charity to assigning any unallocated funds to the reserves on a year-on-year basis until the reserves represent three months, expenditure of the Charity, which is estimated to be approximately £85,000. Funds generated beyond this will be set aside to fund service delivery, including the purchase of propety to provide client accommodation. The current level of reserves is above the 3 month expenditure target and the reserves that we are gradually accruing will be allocated towards the purchase of a further property in Doncaster to provide much-needed, good quality shared accomodation. Designated funds have been set aside for this purpose and to cover major repairs to shared housing in the interim. Further amounts received as unrestricted funds but not spent by the year end from several sources have been designated to be spent on the Wellbeing Project next year. Prlncipal fundlng sources Our floating support and supported lodgings services are commissioned by Doncaster Council and we receive funding from a range of other organisations for the non-commissioned services we provide. During 2023-24 fvnding and grants were gratefully received from the following organisations,. Doncaster Council National Lottery Community Fund The Charles & Elsie Sykes Trust . The Co-op Local Community Fund Homeless Link Lloyds Bank Foundation The Oliver Borthwick Memorial Trust We also received donations from a range of companies and individuals for which we are extremely grateful, including significant donations from Ardagh Glass and Webasto towards our counselling and wellbeing services. We continued our working relationship with Sheffield Hallam University and Hull University and established one with Doncaster College providing work placements for students undertaking Social Work, business, counselling and criminology studies. These placements give students vitsl workplace experience and enrich DHYP through the ideas and inits'atives they bring to the organisation. "Thanks so much for all your help, it feels like home. I want a normal life with a nice home and things to look forward to in the future and I feel like I can have that now" (Lucy, client) Plans for future periods Alms and key objectives for future periods As noted elsewhere in the trustee report our long term plan is to purchase a further property in Doncaster to provide much-needed, good quality shared accomodation, and also to 5UPPOrt a greater number of young people across all our services. Page 7
Doncaster Housing for Young People Ltd Trustees. Report Structur6, governance and management Nature of goveming document Doncaster Housing for Young People Limited is a company limited by guarantee (company registration number 7313040), incorporated on 13th July 2010. On 1st April 2011 the company acquired the assets and liabilities of Doncaster Housing for Young People, an unincorporated charity founded in 1993, and has carried on the activities in succession to that charity since that date. The company is a registered charity (registration number 1138554). Recrultment and appointment of trustees In accordance with the charity's constitution new trustees are appointed by the existing board of trustees. The trustees regularly review the composition of the board and recruit new trustees in the light of skills and experien required and available. Organlsatlonal structure The overall management and governan of the Charity is carried out by a committee of trustees who are also the directors. The Charity employs a Chief Executive Officer and an operational team to manage all day-to-day operational acts'vities and servlce provlslon. The trustees have responsibility for ensuring the Charity is properly funded through grants and other means and that the services we provide and deliver are for the public benefit in line with our obligations as a charity. The Charity is not allowed to be insolvent and is subject to annual examinations by independent examiners, Risk Management We take a pro-active approach to the management of risk and have developed a comprehensive Strategic Risk Register which is reviewed by the Board of Trustees on a quarterly basis, with a range of mitigations in place to manage those risks. For example, a loss of funding is a risk that many charities face and we have put in place an income diversification plan to mitigate that risk and reduce our reliance on individual sources of income. We manage a range of other risks, including risks relating to health & safety, staff retention, data protection and social media. Page 8
Doncaster Housing for Young People Ltd Trustses. Report Reference and Admlnlstratlve Detsils Trustees Ms J F Gladden Mr J Jackson Ms L E Jackson (resigned 8 January 2024) Ms A L Poxton Mrs Y L Thiede (resigned 3 July 2023) Mrs N V Bowler-smith Mr M C Brennan (appointed 21 December 2023) Mr J P Norman (appointed 24 June 2024) Mrs P L Rylatt (appointed 24 June 2024) Senlor Management Team Ms M Beck, Chief Executive Officer (from 20111123) Mr S Shore, Chief Executive Offi'cer (to 17111123> Ms A S Mckenzie, Client Services Manager Prlncipal Offlce Doncaster Foyer Chequer Road Doncaster South Yorkshire DN12AA The charity is incorporated in England & Wales. Company Regi8tration Number 07313040 Charity Reglstratlon Number 1138554 Bankers Virgin Money 19 st Sepulchre Gate Doncaster South Yorkshire DN11SJ Independent Examlner Crozier Jones LLP Chartered Certified Accountants and Registered Auditors 9113 Thorne Road Doncaster South Yorkshire DN12HJ Independent Examiners Crozier Jones LLP offer themselves for reappointment as Independent Examiners. Small companies provision statement This report has been prepared in accordan with the small companies regime under the Companies Act 2006. Page 9
Doncastsr Housing for Young People Ltd Trustees. Report The annual report was approved by the trustees of the charity on behalf by: .ia: 4 and signed on its s J F Gladden Trustee Ms A L Poxton Trustee Page 10
Doncaster Housing for Young Paople Ltd Statement of Trustees, Responsibilities The trustees (who are also the directors of Doncaster Housing for Young People Ltd for the purposes of company law) are responsible for preparing the trustees, report and the fi'nancial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. Company law requires the trustees to prepa financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfi'ed that they give a true and fair view of the state of affairs of the charitsble company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to: select suitable accounting policies and apply them consistently; obseNe the methods and principles in the Charities SORP 2019 {FRS102)' make judgements and estimates that are reasonable and prudent., state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements., and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping adequate accounts'ng records that are sufficient to show and explain the charitsble company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the trustees of the charity on >S: I): and signed on its behalf by= Gladden Trustee Ms A L Poxton Trustee Page11
Doncastsr Housing for Young People Ltd Independent Examiner's Report to the trustees of Doncastsr Housing for Young People Ltd I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2024 which are set out on pages 14 to 33. Respective responslbillties of trustees and examiner As the charity's trustees of Doncaster Housing for Young People Ltd (and also its directors for the purposes of company law} you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 {'the 2006 Act,). Having satisfied myself that the accounts of Doncaster Housing for Young People Ltd are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145{5)(b) of the 2011 Act. Independent examlner'8 Statement Since Doncaster Housing for Young People Ltd's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confimi that l am qualified to undertake the examination because l am a member of the Association of Chartered Certified Accountants which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me c8use to believe.. 1. accounting records were not kept in respect of Doncaster Housing for Young People Ltd as required by section 386 of the 2006 Act,. or 2. the accounts do not accord with those records,. or 3. 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 as part of an independent examination., or 4. 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 lapplicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)]. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understsnding of the accounts to be reached. Page 12
Doncaster Housing for Young People Ltd Indapand8nt Examinar's Report to the trustee8 of Doncaster Housing for Young People Ltd M S Crozi ) FCCA FCA CTA Association of Chartered Certified Accountants Crozier Jones LLP Chartered Certified Accountants and Registered Auditors 9113 Thorne Road Doncaster South Yorkshire DN12HJ Date.. Page 13
Doncaster Housing for Young People Ltd Statement of Financial Activities for the Year Ended 31 March 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestrlcted funds Restrfcted funds Total 2024 Note Income and Endowmants from: Donations and legacies Charitable activities Other trading activities Investment income Other income 47,193 104,097 5,400 2,390 11 47,193 338,577 5,400 2,390 11 234,480 Total income 159,091 234,480 393,571 Expendlturo on: Charitsble activities Other expenditure Total expenditure (141,349) 52 (211,824) 1,944 (353,173) 1,996> 141,401 213,768 355,169 Net income 17,690 20.712 38,402 Net movement in funds 17,690 20,712 38,402 Reconcillatlon of funds Total funds brought forward Total funds carried forward 157,347 49,318 206,665 23 175,037 Unre8trlcted fund8 70,030 Re8tricted fund8 245,067 Total 2023 Note Income and Endowments from: Donations and legacies Charitable activities Other trading activities Investment income 17,539 98,739 3,825 726 17,539 396,734 3,825 726 297,995 Total income 120,829 297,995 418,824 Expendlture on: Charitable activities Other expenditure Total expenditure Net income (56,2551 69 (285,800) 1,965 (342,055) 2,034 56,324 287,765 344,089 64,505 10.230 74,735 Net movement in funds 64,505 10,230 74,735 Reconclliation of funds Total funds brought forward Total funds carried forward 92,842 39,088 131,930 23 157,347 49,318 206,665 Page 14
Doncaster Housing for Young People Ltd Statement of Financial Activities for the Year Ended 31 March 2024 (Including Income and Expenditure Account and Stat8m8nt of Total Recognised Gains and Losses) All of the charity's activities derive from continuing operations during the above periods. Page 15
Doncaster Housing for Young People Ltd {Registration number: 07313040) Balance Sheet as at 31 March 2024 2024 2023 Note Flxed assets Tangible assets 16 89,580 91,576 Current assets Debtors Cash at bank and in hand 17 18 18,803 212,659 19,067 185,450 231,462 204,517 Credltors: Amounts falllng due within one year Net current assets 19 75,975 43,582 155,487 160,935 Total assets less currènt Ilabllltles 245,067 252,511 Credltorn: Amounts falllng due after more than one year Net a880ts 20 45,846 245,067 206,665 Funds of the charlty: Restricted income fund8 Restricted fvnds 23 70,030 49,318 Unrestricted Income funds Unrestricted funds 175,037 157,347 Total funds 23 245,067 206,665 For the financial year ending 31 March 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities.. The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476., and The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. Page 16
Doncaster Housing for Young People Ltd (Reglstration numbar: 07313040) Balance Sheet a8 at 31 March 2024 The fin8ncial statements on pages 14 to 33 were approved by the trustees, and authorised for issue on . ?b: 10:L¥ and signed on their behalf by.. F Gladden Trustee Ms A L Poxton Trustee Page 17
Doncaster Housing for Young People Ltd Notes to the Financial Statamants for the Year Ended 31 March 2024 I Charity status The charity is a charity limited by guarantee England & Wales and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation. The address of its registered office is.. Doncaster Foyer Chequer Road Doncaster South Yorkshire DN12AA Authorised for issue date 2 Accountlng polici88 Summary of 8lgnlflcant accounting pollcles and key accountlng estimates The principal accounting policies applied in the preparation of these financial ststements are set out below. These policies have been consistently applied to all the years presented, unless otherwise Stated. Statement of compllance The financial statements 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 and Republic of Ireland (FRS 102) (effective 1 January 2019) (Charities SORP IFRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102). They also comply with the Companies Act 2006 and Charits'es Act 2011. Basls of preparatlon Doncaster Housing for Young People Ltd meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. Going concern The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity. Income and endowments All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably. Page 18
Doncaster Housing for Young Paople Ltd Notes to the Financial Statemants for the Year Ended 31 March 2024 Donations and legacies Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period. Grants recelvable Grants are recognised when the charity has entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released. Deferred income Deferred income represents amounts received for future periods and is released to incoming resources in the period for which, it has been received. Such income is only deferred when.. The donor specifies that the grant or donation must only be used in future accounting periods; or The donor has imposed conditions which must be met before the charity has unconditional entitlement. Expendlture All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attribuled to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on estimated usage. Charltabla activltles Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Support costs Support costs include those functions which assist the work of the charity but do not directly undertake charitable activities, including admin costs, finance, IT, governance costs and other central functions, and have been allocated to activity cost categories on a basis consistent with the use of resources. Governance costs These include the costs attributable to the charity's compliance with constitutional and statutory requirements, including preparation of statutory accounts, independent examination and trustees, meetings and reimbursed expenses. Page 19
Doncastsr Housing for Young People Ltd Notes to the Financial Statements for the Year Ended 31 March 2024 Government grants Govemment grants are recognised based on the performance model and are measured at the fair value of the asset reiVed or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income in the period in which the charity has entitlement to the income and any performance conditions have been met. Grants relating to assets are recognised in full when there is unconditional entitlement to the grant. Irrecoverable VAT Irrecoverable VAT is charged against the category of resources expended for which it was incurred. Taxation The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from tsxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the exlent that such income or gains are applied exclusively to charitable purposes. Tanglble fixed as8et8 Individual fixed assets costing £1,000.00 or more are initially recorded at cost, and then carried at cost less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Depreclatlon and amortisation Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows.. Asset class Office equipment Property Depreclatlon method and rate 25 % reducing balance basis 50 years straight line Trade debtor8 Trade debtors are amounts due from customers or grant funders for services perfomed in the ordinary course of business. Trade debtors are recognised at the settlement amount due less any provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Page 20
Doncaster Housing for Young People Ltd Notes to the Financial Statements for tha Year Ended 31 March 2024 Trade creditors Creditors and provisions are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Creditors and provisions are normally recognised at their settlement amount. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity dS not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least e1ve months after the reporting date. If there is an unconditional right to defer settlement for at least Ie1ve months after the reporting date, they are presented as non-current liabilities. Borrowlngs Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference beeen the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activikn'es over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the repoth'ng date. Fund structure Unrestricled income funds are gener81 funds that are available for use at the trustees's discretion in furtherance of the objectives of the charity. Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees. Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. Penslons and other post retlrement obllgatlons The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets lo pay all employees the benefit relating to employee service in the current and prior periods. Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment. Page 21
Doncaster Housing for Young People Ltd Notes to the Financial Statements for tha Year Ended 31 March 2024 Flnanclal Instruments Classrficatlon The charity only has financial assets and financial liabilities of a kind that qualfy as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of loans which are subsequently measured at amortised cost using the effective interest method. 3 Income from donatlons and legacles Unr88trlcted fund8 Total 2024 Total 2023 General Donations and legacies; Donations from companies, trusts and similar proceeds Donations from individuals 35,627 11,566 47,193 35,627 11,566 47,193 11,500 6,039 17,539 As noted in the trustee report the charity benefrts from the support and work of volunteers for which it is exrtremely grateful. In accordance with the Charities SORP the economic contribution of general volunteers is not recognised in the accounts. Page 22
Doncaster Housing for Young People Ltd Notes to the Financial Statements for the Year Endad 31 March 2024 4 Incom8 from charitable activities Unrestricted funds Restrictsd funds Total 2024 Total 2023 General DMBC - Housing related support National Lottery - Reaching Communities Co-op Grant The Charles and Else Sykes Fund Oliver 8orthwick Memorial Trust Charities Aid Foundation St Martin in the Fields Lloyds Bank Foundation Trust Changing Lives Homeless Link Glasspool Charity Trust Vicar's Relief Fund Morrisons Property rental and similar income from beneficiaries DMBC Covid Grant Yorkshire Building Society The Coalfi'elds Regeneration Trust 172,298 172,298 161,815 59,032 59,032 811 51,802 2,500 811 750 750 2,500 8,000 2,100 67,508 500 13,500 5,474 4,800 300 500 1.560 2,500 28,333 2,509 28,333 2,509 2,400 2,400 69,944 69,944 70,833 2,072 1,500 1,970 104,097 234,480 338,577 396,734 Page 23
Doncaster Housing for Young People Ltd Notes to the Financial Statements for the Year Endad 31 March 2024 Government grant income includes grant income above from DMBC and the National Lottery, and totalled £231.330 (2023. £215,689). In 2023 £98,739 was attributable to unrestricted funds and £297,995 to restricted funds. 5 Income from other tradlng activltles Unrestrfcted funds Total 2024 Total 2023 General Trading income., Sales of goods and services 5,400 5,400 5,400 5,400 3,825 3,825 Page 24
Doncaster Housing for Young People Ltd Nots8 to the Financial Statements for the Year Ended 31 March 2024 6 Inve8tm8nt income Unrestrlcted funds Total 2024 Total 2023 General Interest receivable and similar income., Interest receivable on bank deposits 2,390 2,390 726 7 Othor Income Unrestricted funds Total 2024 General Other income 11 11 Page 25
Doncaster Housing for Young People Ltd Notes to the Financial Statements for the Year Ended 31 March 2024 8 Expenditure on charltable activlties Actlvlty undertaken dlrectly Activity support costs Total 2024 Total 2023 Employment costs Interest Paid Staff training Volunteer expenses Repairs and renewals Telephone and fax Lodging providers Property Repairs Drop in expenses Hardship Fund Sundry expenses Travel and subsistence Advertising Payroll services Legal and professional fees Rent and rates Utilities Insurance Computer software and maintenance costs Printing, postage and ststionery Bank charges Building capabilities Cleaning 177,056 31,245 3,980 208,301 3,980 3,256 1,668 1,642 2,944 47,835 4,894 1,372 4,289 984 4,111 2,468 829 15,908 27,292 6,516 4,128 187,415 4,530 2,134 1,095 1,822 3,059 44,351 2,200 1,340 7,073 1,225 4,456 3,256 1,668 1,642 2,505 47,835 4,894 1,372 4,289 578 1,061 439 406 3,050 2,468 829 11,192 956 16,778 25,864 4,657 3,572 4,716 27,292 6,516 4,128 4,526 1,959 409 1,236 4,526 1,959 409 1,236 431 3,685 2,083 393 21.056 241 431 289,239 61,739 350,978 339,985 £141,349 (2023 £56,255) of the above expenditure was attributsble to unrestricted funds and £209,629 (2023 - £283,730) to restricted funds. In addition to the expenditure analysed above, there are also governan costs of £2,195 (2023 £2.070) which relate directly to charitable activities. See note 10 for further details. Page 26
Doncaster Housing for Young People Ltd Notes to the Financial Statements for the Year Ended 31 March 2024 9 Other expenditure Unrestricted funds Restricted funds Total 2024 Total 2023 General Not6 Depreciation, amortisation and other similar costs 52 1,944 1,996 2,034 52 1,944 1,996 2,034 10 Analys16 of governanco and 8UPPOrt costs Governance costs Restricted funds Total 2024 Total 2023 Independent examiner fees Examination of the financial statements 2,195 2,195 2,195 2,195 2,070 2,070 11 Net incomingloutgoing resources Net incoming reSoUrS for the year include- 2024 2023 Operating leases - other assets Depreciation of fixed assets 23,400 1,996 23,400 2,034 12 Tru8te68 remuneration and expenses No trustees, nor any persons connected with them, have recelved any remunerats'on from the charity during the year. No trustees have received any reimbursed expenses or any other benefits from the charity during the year. Donations made by the trustees without any conditions attached totalled £120 for the year (2023 £Nil>. Page 27
Doncaster Housing for Young People Ltd Notss to the Financial Statements for the Year Ended 31 March 2024 13 Staff costs The aggregate payroll costs were as follovrfs.. 2024 2023 Staff costs during the year were: Wages and salaries Social security costs Pension costs 187,809 7,613 12,879 167,665 6.572 13,178 187,415 208,301 The monthly average number of persons (including senior management team) employed by the charity during the year expressed as full time equivalents was as follows.. 2024 No 2023 No Employee numbers The average number of employees on a headcount basis was 11 {2023: 10). No employee received emoluments of more than £60,000 during the year. The total employee benefits of the key management personnel of the charity were £79,688 (2023 £67,293). 14 Independent examlnerfs remuneratlon 2024 2023 Examination of the financial statements 2,195 2,070 16 Taxation The charity is a registered charity and Is therefore exempt from taxation on charitable income or gains applied to charitable purposes. 16 Tangible flxed assets Page 28
Doncaster Housing for Young People Ltd Notes to the Financial Ststements for the Year Ended 31 March 2024 Furniture and equipment Land and buildings Total Cost At 1 April 2023 97,182 2,323 99,505 At 31 March 2024 97,182 2,323 99,505 Depreciation At 1 April 2023 Charge for the year At 31 March 2024 5,814 1,944 2,115 52 7,929 1,996 7,758 2,167 9,925 Net book value At 31 March 2024 89,424 156 89,580 At 31 March 2023 91,368 208 91,576 17 Debtors 2024 2023 Trade debtors Prepayments Accrued income 16,854 1,949 16,993 1,743 331 18,803 19,067 18 Cash and ca8h equivalents 2024 2023 Cash on hand Cash at bank 59 185,391 185,450 212,659 212,659 19 Creditors: amounts falllng due wlthln one year 2024 2023 Other loans Accruals Deferred income 45,846 2,194 27,935 7,173 5,670 30,739 43,582 75,975 Page 29
Doncaster Housing for Young People Ltd Notes to the Financial Statements for the Year Ended 31 March 2024 2024 2023 Deferred income at 1 April 2023 Resources deferred in the period Amounts released from previous periods Deferred income at year end (30,739) {27,935) 30,739 (27,935) (75,135) (28,338) 72,734 {30,7391 20 Credltors: amounts falllng due after one year 2024 2023 other loans 45,846 21 Obligatlons under leases and hire purchase contract8 Operatlng lease commitment8 Totsl future minimum lease payments under non-canlIable operating leases are as follows.. 2024 2023 Land and buildings Within one year 9,150 9,150 22 Pension and other 8cheme8 Deflned contribution penslon scheme The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £12,879 (2023 £13,178). Page 30
Doncaster Housing for Young People Ltd Notes to the Financial Statements for the Year Ended 31 March 2024 23 Funds Balance at 1 April 2023 Balance at 31 March 2024 Incornlng Resources resources expended Transfers Unrestrlcted funds General Core 103,847 135,758 (118,634) (18,450) 102,521 Designated Shared Housing Wellbeing 40,000 13,500 53,500 40,000 32,516 72,516 23,333 23,333 (22,767} (22,7671 18,450 18,450 Total Unre8trlcted funds 157,347 159,091 (141,401) 175,037 Restrlcted funds Supported Lodgings Nats'onal Lottery Fund - Progressions Qliver Borthwick Memorial Trust The Coalfields Regenerats'on Trust The Charles And Elsie Sykes Fund Charities Aid Found8tlon Shared House 7,913 172,298 (168,081) 12,130 4,193 59,032 (26,598) 36,627 2,100 (2,100) 821 {821) 4,000 5,494 24,797 750 (4,750) (5,494) (5,924) 2,400 21,273 Total re8tricted fund8 49,318 234,480 213,768 70,030 Total funds 206,665 393,571 355,169 245,067 Page 31
Doncaster Housing for Young People Ltd Notes to the Financial Statements for the Year Ended 31 March 2024 Balance at l Aprll 2022 Balance at 31 March 2023 Incoming Resources resources expended Transfers Unrestricted funds General Core 92.842 120,829 (56,324) (53,500) 103,847 Deslgnated Shared Housing Wellbeing 40,000 13,500 40,000 13,500 53,500 53,500 Total unrestrlcted fund8 92,842 120,829 56,324 157,347 Restrlcted fund8 Supported Lodgings Nats'onal Lottery Fund - Progressions Big Lottery Fund - Reaching Communities - Assertive Outreach Drop in Cafe Oliver Borthwick Memorial Trust The Coalfields Regeneration Trust Co-op Fund St James's Place Wellbeing Matters The Charles And Elsie Sykes Fund Charities Aid Foundation Employment Skills Shared House 1.498 161,815 {155,4001 7,913 14,588 (10,395) 4,193 1,262 449 37,214 (38,476) (449) 259 2,100 (259) 2,100 1,970 (1,149) {1,722) {1,423) {2,655) 821 1,722 1,423 2,655 2,000 1,044 284 26,492 8,000 67,508 (6,000) (63,0581 (284) (6,4951 4,000 5,494 4,800 24,797 Total restricted funds 39,088 297,995 287,765 49,318 Total funds 131,930 418,824 344,089 206,665 Transfers to designated funds represent monies set aside by the trustees ft)r a specific purpose. The charity has designated £40,000 towards major repairs and the future purchase of shared housing, and other donations from specific donors have been designated to be spent on the wellbeing project next year. Page 32
Doncaster Housing for Young People Ltd Notes to the Financial Statements for the Year Endod 31 March 2024 24 Analysls of net assets between fund8 Unrestricted funds Restricted funds Genoral DesSgnated Total funds Tangible fi'xed assets Current assets Current liabilities 156 102,365 89,424 46,164 65,558 89,580 231,462 75,975) 82,933 10,417 Total net assets 102,521 72,516 70,030 245,067 Unrestricted fund8 Totsl funds at 31 March 2023 Ro8trlcted funds General De8lgnated Tangible fixed assets Current assets Current liabilities Creditors over 1 year Totsl net assets 208 120,989 (17,350) 91,368 30,028 (26,232) 45,846 91,576 204,517 (43,582) 45,846 53,500 103,847 53,500 49,318 206,665 25 Related party transactions There were no related party transactions in the year. Page 33