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← Sheffield Young Carers Project

2025-03-31-accounts

Registered Charity Number: 1140105 Company Number: 07461229

Sheffield Young Carers Project

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

For the year ended 31 March 2025

Sheffield Young Carers Project

Contents

Page
Legal and administrative information 1
Trustees' annual report 2 - 21
Independent examiner's report 22
Statement of financial activities 23
Balance sheet 24
Statement of cashflow 25
Notes to the accounts 26 - 32

Sheffield Young Carers Project Legal and administrative information For the year ended 31 March 2025

Trustees

Rosie Valerio Lynda Gill David Stockdale Steven Brookfield Sara Rehman Samantha Pilkington Thomas Atkin-Withers Richard Ross Abu-Bakar Chohan Appointed 7 August 2024

Key management

Sara Gowen Co-CEO Laura Selby Co-CEO

Charity number

1140105

Company number 07461229

Principal address

Unit R7B Riverside Block Sheaf Bank Business Park 20 Prospect Road Sheffield S2 3EN

Accountants

Seven Hills Accountants Limited 57 Burton Street Sheffield S6 2HH

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Sheffield Young Carers Trustees' annual report For the year ended 31 March 2025

The trustees are pleased to present their annual directors’ report together with the financial statements of the charity for the year ending 31 March 2025 which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes.

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and the 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) issued in October 2019.

Our vision, values, mission and strategic objectives

Sheffield Young Carers Project (SYC) is the only dedicated service for young people with caring responsibilities and/or impacted by familial substance misuse in the city. Our vision is ‘to work with young people to make a difference for life’. Young people are always at the heart of what we do: our service model is rights-based and needs-led, helping us to identify, engage and support young carers and young people affected by familial substance misuse. We have an excellent reputation for high-quality service delivery and effective awareness-raising work. But we want to do more. We want to make a difference for life for all young carers and young people affected by familial substance misuse .

Since April 2019, we have been funded to support young people affected by familial substance misuse. We reviewed our values and mission in 2022 to ensure our service meets the needs of all the young people we support. Many young people affected by familial substance misuse have also been young carers as part of their lived experience. However, we have adapted our values and our service to ensure that we provide a high quality and relevant support around the issues of substance misuse, its impact on young people and families, as well as linking strategically into meetings and networks around substance misuse issues in Sheffield. In 2022, we received additional funding from the Office for Health Improvements and Disparities, through Sheffield City Council, to further develop our work including delivering the M-PACT programme for families (see below). This programme will ran until March 2025.

SYC reviewed it Strategic Vision in 2022, establishing a new plan for 2023-28. The reviewed and revised values, mission and objectives are outlined below. SYC values are:

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Sheffield Young Carers Project Trustees' annual report - continued For the year ended 31 March 2025

SYC’s Mission, we will:

  1. Promote the needs and rights of children and young people who are carers and/or impacted by familial substance misuse.

  2. Involve and inspire children and young people, families and the wider community to create lasting change.

  3. Challenge discrimination and oppression, and advocate for the rights of individuals and oppressed groups.

  4. Learn from, develop and share best practice to continually improve our service.

  5. Enable others to improve the lives of children and young people who are carers and/or impacted by familial substance misuse.

SYC’s strategic objectives 2023-28

Our objectives explain how we will work to meet our vision and mission, We will:

  1. Our young people’s participation and voice at the heart of all we do.

  2. Use a whole family approach to improve the social inclusion, educational and employment opportunities, emotional and physical wellbeing.

  3. Raise awareness and enable others to identify and support children and young people who are carers and/or impacted by familial substance misuse.

  4. Work in partnership with others to embed long term change for children and young people who are carers and/or impacted by familial substance misuse.

  5. Continue to improve and innovate whilst maintaining quality, strategic direction and financial stability.

Public benefit

Children and young people aged 8 to 25 in Sheffield are enabled to access age-appropriate respite and breaks/activities that includes recreation and support that builds self-confidence and resilience. These promote opportunities for young people to reach their full potential through equal access to education, social and career opportunities.

We actively seek to provide a high-quality service to those young people and their families who may have previously been socially and financially excluded. We facilitate young people being personally empowered as individuals and groups so that they actively participate in the planning, delivery and evaluation of Sheffield Young Carers and its activities.

In shaping our objectives for the year and planning our activities the trustees have given careful consideration to the Charity Commission’s public benefit guidance.

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Sheffield Young Carers Project Trustees' annual report - continued For the year ended 31 March 2025

Progress towards our vision

Our work with young people and families has enabled us to make a number of significant steps towards our long-term strategic plan. For example:

Activities and performance

The main areas of charitable activity are the provision of support groups, individual sessions, advice and information, family support, training and awareness work including outreach work in schools and other organisations where young people who are carers and/or impacted by familial substance misuse can be identified and supported. For the financial year 2024-25, our activities are set out below.

Support for young people: Flexible and responsive support for young carers and young people affected by familial substance misuse aged 8-25 across Sheffield to provide respite and build resilience and confidence. Young people are offered one year of support which includes:

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Sheffield Young Carers Project Trustees' annual report - continued For the year ended 31 March 2025

SYC groups* We offer weekly evening groups for 8-12 year olds and 12-16 year olds:

We also run a group for 16-25 year olds that takes place at various times depending upon the topic and plan for the group. The group takes place in various locations and we reimburse young people’s travel costs to get to and from this group.

Current funders: Sheffield City Council, National Lottery Community Fund, Henry Smith.

Counselling service: Free To Be You: We have commissioned a counselling service that we buy in – staff can make referrals directly to the service and young people get 8 sessions of therapeutic support (with potential for extension if young people/the counsellor feel there is a need and we have funding available). Current funders: Community fundraising

Family Project: This project is available to families where there is a young person providing care. Families receive on year of support including:

We can also support parents into activities and support in their local areas as our provision is ending.

Current funder: National Lottery Community Fund

M-PACT: Moving Parents and Children Together Programme : This is a groupwork programme which aims to improve the well-being of children/young people (ages 8-17) and families who have been affected by parental substance misuse. It is a whole family, multi-family, structured brief intervention, which uses psychosocial, educational and systematic approach.

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Sheffield Young Carers Project Trustees' annual report - continued For the year ended 31 March 2025

The 10 session programme of support is designed to help families address areas including communication and coping strategies, as well as educating family members on what addiction is and the impact it has. Support includes:

Current funders : Sheffield City Council. Funding finished in March 2025.

SYC Action Group: The Action Group is for young people aged 12-25 who have been members of SYC within the last year and want to be more involved in running SYC. The Action Group offer includes:

Current funders : Paul Hamlyn Foundation and community fundraising

SYC Activity Fund: An alternative to SYC service – not available for people in SYC/on the SYC waiting list

Development and Strategic Work: SYC work city-wide to ensure good quality support is available to young carers and young people affected by substance misuse in their families, both on a strategic and operational level:

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Sheffield Young Carers Project Trustees' annual report - continued For the year ended 31 March 2025

Current funders: Sheffield City Council, Garfield Weston Foundation, Paul Hamlyn Foundation, British and Foreign Schools Society, National Institute of Health Research, our own fundraising through sponsorship, events and donations

Fundraising and PR: SYC aims to raise the profile of young carers and young people affected by substance misuse in their families by generating PR opportunities where possible. We also work hard to ensure the organisation has enough money to continue its work, through both grants and community / corporate fundraising.

Administration: SYC has a team of administrators who support the other staff in their roles and ensure the organisation’s monitoring, finances and reporting are all maintained accurately.

Evidencing impact and need

Over the last year, we have continued to develop the methods and techniques for measuring the impact of our work. This has included development of our monitoring tool, My Life My Journey to reflect changes in our service. We are currently exploring the development of online tools for both monitoring and referral processes. We have undertaken surveys with key stakeholders including young people, families, staff and professional partners:

“Just thank you - you are amazing advocates for young people.”

“You are all fantastic and we love working with you as an organisation.”

“SYC does a brilliant job in helping ensure young carers from Sheffield and across the country are able to have their voices heard and get involved with campaigning. They also do excellent work around young people supporting someone with alcohol/substance misuse.”

In addition, we continue to take part in research and consultation work – feeding in the views of our young people into local and national surveys. We have continued our links with the London School of Economics, undertaking national research funded by the National Institute for Health Research. We have also worked with Gloucestershire Young Carers and University of Gloucester on a research project into the ethics of using lived experience as part of training and awareness work.

Young people at the heart of all we do

Sheffield Young Carers is young-person led and responsive . We work city-wide with all communities across Sheffield and we have a very strong ethos of participation. We regularly consult young people and adults to gather and test new ideas and, as well as the support we provide to young people and families, we always try to involve them in the ongoing development and delivery of our service.

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Sheffield Young Carers Project Trustees' annual report - continued For the year ended 31 March 2025

Young people attend and contribute to our annual strategic away day and young people and their families also:

We also work hard to ensure that young carers' voices are heard, both locally and nationally. We do this by facilitating opportunities for young people, as well as representing young people who are carers and/or impacted by familial substance misuse on a wide range of local and national networks and working groups, e.g. Sheffield’s Hidden Harm Implementation Group and Sheffield Children’s Safeguarding Partnership.

Action Group is our young people’s voice and influence group for members of our service who want to advocate for young people within our service and beyond. Members get access to training courses, group project sessions, external voice and influence opportunities and accreditation. Our Action Group plays a critical role in our awareness raising and influencing work by engaging in external reviews and consultations, informing the city’s action plan for young carers, and formulating recommendations for local councillors, MPs and government.

In 2024-25 Action Group worked on how professionals can identify young carers by producing a video and top tips on how to talk to young carers. Action Group shared key tips to help professionals communicate with them in a respectful and supportive way.

Young Carers National Voice , we have continued to coordinate this national network and employ the national coordinator, funded by Paul Hamlyn Foundation. It is a group for young carers from across the country to come together and campaign collectively on issues that are important to them. There are now young carers from 26 young carers services across England engaged in the network. In 2024-25 the young people chose to campaign on school inspection and early identification. They have:

We have not been able to secure ongoing funding for Young Carers National Voice. We are currently in negotiation with Carers Trust to take over YCNV in 2025-26.

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Sheffield Young Carers Project Trustees' annual report - continued For the year ended 31 March 2025

Impact of our work

One of our main aims is to reduce the impact of caring and familial substance misuse on young lives. We have achieved this within the year in a number of ways. Looking at the outcomes for young people and families, we are able to evidence the different ways that the impact has been reduced from increased confidence and wellbeing to increased skills and access to support at schools and in other services. However, this has been another difficult year for young people and their families, we have recorded lower levels of progress and impact for many young carers as they have continued to face the consequences of increased caring responsibilities within the pandemic, with the increasing pressures from the cost of living crisis and increased waiting lists for so many support services, including SYC. This consequent impact on their emotional wellbeing is reflected in all the young people we support.

The support that we offer at SYC is tailored to young people’s needs. During their time with us, every young person is supported to complete ‘My Life, My Journey’, our bespoke monitoring tool. Our tool includes a series of outcome measures which each young person rates themselves against and a number of key questions which allow our support workers to get to know them better. Each young person is also encouraged to set a personal goal: something that they would like to achieve with our help and support. We use a similar monitoring star tool with cared for parents (CFP) supported through the Family Project.

The three domains where most progress was reported were:

The three domains where least progress was reported were:

The impact of SYC’s direct work with young people. In 2024-25 we:

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Sheffield Young Carers Project Trustees' annual report - continued

For the year ended 31 March 2025

Impact of SYC’s Family Project

This year we have further developed the role of our parent advisors – where cared for parents are able to offer their skills and experiences to help develop and deliver improved services for families, including:

In 2024-25, we

Our one-to-one support for families

Last year we were able to provide Family Project support to 127 families . We contacted 36 new families , who took up our full service offer (a combination of intensive one-to-one support, formal group work and informal social activities). The ongoing Cost of Living crisis and extreme pressure on services, including long waiting lists, have had a major impact on the families we supported, with increases in stress, food poverty, isolation and anxiety.

Our group work programme

As well as providing intensive one-to-one support to families, last year we provided parent networking events and a bespoke online group work programme for adults being cared for by a young carer (also known as ‘cared-for people’).

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Sheffield Young Carers Project Trustees' annual report - continued For the year ended 31 March 2025

In 2024-25, we:

Whole family trips

Impact of our education work

Our Greater Reach, Brighter Futures (GRBF) project came to an end in Sept 24. A film and two summary reports (for schools, and for the University) were produced and will be disseminated.

Education networks

We continue to notice an increased engagement and commitment towards supporting young carers in school and college, including increased attendance at meetings, and several providers appear to be replacing the designated Young Carer Lead role when they leave their post.

In 2024-25, we achieved:

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Sheffield Young Carers Project Trustees' annual report - continued For the year ended 31 March 2025

Targeted support

This year, we started a mini-project with four schools (1 primary, 3 secondary/6th forms). This involves lead staff training in staff awareness , pupil/family awareness, SYC's formal identification process, supporting young carers, with a view to supporting schools to create a Young Carer Policy and apply for the Young Carers in Schools Award . All schools are really engaged and have already made changes in the school to identify and support young carers

Further training

We have led two awareness training sessions to PGCE students at both University of Sheffield and Sheffield Hallam University with over 50 students attending, and an online training session to Post-16 settings with over 30 attendees.

Impact of our training and awareness work

Our E-Learning course 'Young Carers: Identifying and supporting young people with caring responsibilities in Sheffield’ was completed by 134 learners successfully completed the course this year. 133 learners would recommend the course to colleagues.

73 professionals took part in the multi-agency training we co-deliver with a young adult carer and Sheffield Carers Centre. The course, ‘Understanding Carers Needs’ was attended by professionals from education, health and social care and across public and voluntary sector. Feedback from the training was very positive: 99% stated they would recommend the training to colleagues and 95% stated they would make changes to their practice as a result of the training, including:

“I will be more aware about whether the children we're working with could be young carers and consider what we would do if we identified someone who was and wanted support.” Overall feedback included:

“It’s good to have updates and a refresh and be reminded to 'look for' Carers. Thank you.” “Nice and accessible. Lovely people. Especially thanks to Jo (the young carer) for sharing her story.”

Ensuring regular feedback and evaluation

As well as working closely with young people and their families to ensure that our work remains relevant and effective and reflects their needs and wishes, we regularly consult our staff, trustees and volunteers, and the professionals that we work with throughout Sheffield , to ensure that all parts of our community are involved in our work. In 2024-25, we conducted surveys with young people, families and stakeholders. The findings from the surveys were fed into our strategic planning cycle, informing development and delivery of our service.

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Sheffield Young Carers Project Trustees' annual report - continued For the year ended 31 March 2025

Strategic development and awareness raising

As well as providing direct support to young carers and their families, we have also worked hard this year to provide a wide range of professionals with the information, support and skills that they need to identify and support young carers within their own settings . As well as our routine casework with young people’s schools, colleges and workplaces, their social workers and any health professionals who are working with their families etc., we have provided training and advice to more than 110 organisations (including health services, education providers and the local voluntary sector) and more than 720 professionals , including social work students, trainee nurses, safeguarding officers and post-16 PGCE students. We have also provided advice, training and resources to more than 120 schools and alternative education providers, who belong to our Schools Network.

Given that many young carers are hidden from view, it is very hard to develop an accurate picture of the number of young carers who are being supported by other professionals and organisations in Sheffield . Even those we ask directly are often unable to specify exactly how many young carers attend their school or belong to their GP practice, for example. Over the past year, however, we have continued working closely with Sheffield City Council, to build up the Young Carers Register for the city. The register is slowly building up but SYC remains as the main source of information.

We have also followed up the review of the young carers assessment in 2021-22 by working with the City Council to develop an options paper on how to ensure young carers’ rights are being met within Sheffield in 2022-23. In 2024-25 we have continued this work to ensure that young carers receive their statutory rights. The young carers assessment service will be held within Sheffield City Council’s SNIPS (Special Needs Inclusion Play/Care Service). We have been working with SNIPS to develop a clear pathway for referrals into SNIPS and through to Sheffield Young Carers. We will work with them in 2025-26 to ensure improved access for young carers to an assessment, action plan and review, in particular at the key points of transition in their lives.

Our strategic and awareness raising work is critical because , ultimately, we want everyone in Sheffield to ‘think young carer’ and to understand (and where possible, prevent) the significant impact that caring responsibilities can have on a young person’s emotional wellbeing, as well as their life chances.

SYC’s partnerships and networks

SYC has participated in a wide range of partnerships, networks and forums to ensure young people who are carers and/or impacted by familial substance misuse are fully included in service planning across the city and beyond. Examples include:

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Sheffield Young Carers Project Trustees' annual report - continued For the year ended 31 March 2025

This is not an exhaustive list and we have worked collaboratively with a number of statutory and voluntary sector agencies within the city and across the UK.

Research

SYC continues to develop its skills and expertise in the field of research, recognising where we can play a part as an expert practitioner in the development and delivery of research projects which can effect change on the ground for young carers and their families. The two main areas of research in 2024-25 are:

1. Contribution to three academic papers produced from the findings of the REBIAS-YC research project with the London School of Economics (LSE) into how young carers access support and the gaps in provision.

2. Ethics of young carers being co-trainers and presenting their personal stories with the University of Gloucester and Gloucestershire Young Carers (GYC). We have worked with GYC to develop a toolkit for other young carers services on how to support young carers to tell their stories.

Findings from above research projects were presented at the International Young Carers Conference in Manchester in May 2024.

3. REBIAS II project started in February 2024 and picks up on the research findings about the lack of whole family working to support young carers identification and support . SYC is leading on public involvement, in particularly coordinating the Young Carers Research Advisory Group and the Parents Research Advisory Group.

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Sheffield Young Carers Project Trustees' annual report - continued For the year ended 31 March 2025

Learning from stakeholders

In 2024 , we conducted a range of surveys of stakeholders, including families and external partners. The surveys show that Sheffield Young Carers is highly respected and valued by those who work with it. There is clear evidence of tangible changes to wider professional practice and to the lives of young people and families. The staff team are widely acknowledged as amazing advocates for young people, proactive, and collaborative with great communication, follow ups and liaison with professionals. Leadership is viewed as passionate, dedicated, highly motivated and respected across Sheffield, nationally and beyond.

Awareness of SYC’s work with young people affected by substance misuse is strong at 75% of respondents. Awareness of the MPACT programme is apparent at 71% of Strategic Partners and 59% of Stakeholders which is a similar level to last year. Awareness of SYC e- training resource was evident at 57% of Strategic Partners and 67% of referrers. While awareness is apparent, there is a need to continue to promote services, especially for those frontline services which experience a level of staff turnover.

Confidence in SYC is high across both cohorts with an aggregate of 75% expressing confidence in recommending and referring young people to SYC. The quality of SYC’s work is rated as very good or excellent by 73% of the Strategic Partners, and 79% of referrers rated SYC quality as good, very good or excellent.

A number of practical contributions SYC has made to the work of other agencies are listed including keeping a log of young carers in school each year, introduction of a specific question about caring to admission forms (education and health), introducing a new Young Carers Lead and using the M-PACT referral service.

A number of tangible benefits for young carers and young people affected by substance misuse are listed. Raising aspirations and directly leading to university applications are cited as enabling a discussion with the family together around the impact of substance misuse. The service is credited with preventing a family reaching crisis point, giving young carers breathing space with giving young carers a voice.

The main barriers highlighted are not recognising a caring role, and not knowing support is appropriate and available. Stigma, fear of being judged and a lack of trust are also mentioned. Schools struggling with capacity to deliver on an identification process features as do referral paperwork and waiting times. There’s recognition that young people not in education can be missed by services but can be the most impacted. One issue raised here which has not featured before is the need to gain consent for referrals.

SYC learns from the feedback we receive from stakeholders into our future planning and development of our service. In 2025-26, we will be reviewing our young people’s delivery model to explore ways to improve the outcomes for young people.

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Sheffield Young Carers Project Trustees' annual report - continued For the year ended 31 March 2025

Financial review

The results for the period ended 31 March 2025 are shown on the accompanying financial statements.

There are no uncertainties about the Charity continuing to operate in 2025-26 and beyond. We enter the financial year 2025-26 with the majority of funding secured and plans in place to secure additional grants and donations. However, the funding climate is extremely difficult and the Trustees have agreed a financial plan should funding not be secured. This includes the potential of staff redundancies as well as reducing project costs. There is a freeze on recruitment in place from March 2025. The figures in Reserves Policy below indicate our levels of unrestricted and designated funds. The restricted funds carried forward in 2025-26 are £124,065. Designated funds will be allocated on the basis of meeting the original designations. The Paul Hamlyn Foundation designated funds have funded our Programme of Influence (Action Group and YCNV) in 2024-25. Further designated funds will be allocated to projects that require funding and meet any requirements of the designated funder. These funds are restricted to specific projects and areas of work, as agreed with the different funders/donors.

Reserves Policy

As at 31 March 2025 the Charity held free reserves of £166,779 (these are general funds not including fixed assets) (2024: £192,027). In addition to free reserves, the charity holds £138,539 of designated funds (2024: £206,397).

At the annual review of the reserves policy in February 2025 (next review February 2026), the Board of Trustees considered the additional risks of the ongoing cost of living crisis and the difficult funding environment in preparing SYC’s reserves policy, plus the ongoing need to ensure sustainable funding for the continuation of SYC's work. The Board agreed a minimum reserve level of £113,322 (2025-26) and £126,380 (2026-27) to cover SYC project closure costs and liabilities including redundancy costs.

The Board also agreed to hold additional reserves above the minimum level required to be used for development purposes as well as a contingency for the ending of current grants. This need for a sustainability reserve is important as the competition for charitable trust funding and other grants is increasing. The Board agreed that the higher level of reserves for 2025-26 need to be within the range £120,000-150,000. The excess reserves above the maximum range at 31/03/2025 are expected to be spent on core activities during the 2025-26 financial year. The Board of Trustees will continue to review the financial situation throughout 2025-26 to ensure that free reserves remain within policy, and opportunities are taken to generate unrestricted reserves.

This policy will be reviewed annually.

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Sheffield Young Carers Project Trustees' annual report - continued For the year ended 31 March 2025

Future plans

We have worked hand-in-hand with young people for 28 years, carrying out meaningful research, developing effective services, and amplifying the voice of young carers and young people affected by familial substance misuse in Sheffield and beyond. We want to turn our learning into practice by making sure that local and national policies are not only in place but are also being implemented effectively on the ground. We believe that this is the only way to ensure that every young person - regardless of age, postcode or background - is identified and supported as soon as possible, to help prevent early childhood experiences from having a negative, long-lasting impact on the rest of their lives.

We undertook a review of our current strategic plan, including our mission and values, setting our a new 5-year vision. We set yearly targets and review these as part of our annual strategic planning event.

In 2025-26, in order to achieve our mission, we will:

1. Deliver a flexible service to meet the needs of each young person and their family with 80%

seeing an improvement or change:

  1. Undertake a review of the young people’s service to evaluate and develop our delivery model.

  2. Produce an introductory film about our groups and group venues to help reduce anxieties or concerns about attending our group work programme.

2. Improve the ability of 50 organisations within Sheffield to identify and provide better

support to young people and families, with 80% reporting a change to their practice and improved understanding. In addition to the ongoing training offer (multi-agency and e-learning), we will:

  1. Develop our relationship with Ryegate to include a Young Carers Lead in all teams and take up of e-learning module for staff induction and CPD.

3. Influence 5 decision-makers to take action by working with 2 national alliances/partnerships and 12 local alliances/partnerships:

  1. Engage with Sheffield’s newly- and re-elected MPs to collaborate on opportunities for young carers rights to be enshrined in law and for the legislation to be implemented (including keeping up the pressure about schools/Ofsted).

4. Improve and develop our service through an organisation wide inclusion review leading to more diverse service provision with 1 community currently underserved receiving an improved service:

  1. Investigate barriers to men and boys’ engagement with our service, using our national and research contacts plus links with men and boys groups in Sheffield.

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Sheffield Young Carers Project Trustees' annual report - continued For the year ended 31 March 2025

5. Continue to improve and innovate in the evaluation of our service leading to improved measurement of the lasting impact of our work with young people and families, by collecting and analysing data:

  1. Building up our sustainability and evidencing our impact through developing links with local business leaders.

All of the above will be done with the active participation of SYC’s Young Carers Action Group, Young Carers National Voice and our Parent Advisors.

Structure, governance and management

Sheffield Young Carers Project was incorporated on 6 December 2010 and registered as a charity on 28 January 2011 and is governed by its Memorandum and Articles of Association. Its legal status is that of a company limited by guarantee (Company No. 7461229) and a registered charity (Charity No. 1140105). It has no share capital and the liability of each member in the event of winding up is limited to £1.

The Charity is governed by its constitution. The objects of the charity is:

The relief of young carers*, without distinction of sex, sexual orientation, nationality, ethnic or national origins, race colour, disability, political or religious beliefs by associating the local authorities, voluntary and other organisations and the local inhabitants in a common effort to:

*Young carers being defined as persons up to 21 years of age whose lives are affected in some way because of the need to care for someone at home

Recruitment and support of trustees

Overall management of the Charity is the responsibility of the Trustee Directors who are elected and co-opted under the terms of the Memorandum and Articles of Association.

The Board of Trustees are recruited, inducted and trained under the Appointment of Trustees Policy. All trustees undertake basic safeguarding training and a DBS check every three years.

Safeguarding training is also provided to the whole Board by SYC’s designated safeguarding lead as required. Trustees stand for a three-year period and can stand for re-election. The trustees are re-elected at the annual general meeting.

Day to day project activity is carried out by staff and volunteers.

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Sheffield Young Carers Organisational and Staffing Structure – 2024-25

Board of Trustees

Richard Ross (Chair) Thomas Atkin, Steven Brookfield, David Stockdale, Lynda Gill, Sam Pilkington, Sara Rehman, Rosie Valerio, Abu-Bakar Chohan

Young People’s
Project Worker
Tremayne Galloway
(P/T 28 hrs)
Young People’s
Project Manager
Catriona Foster (F/T)
Young People’s
One-to-One
Worker
Luke Johnson
(F/T)
Young People’s
Project Worker
Newton Shambare
(F/T)
Young People’s
Project Worker
Vicki Sampson
(P/T 28 hrs)
Young People’s
One-to-One
Worker
Katie Winter
(F/T)
Young People’s
One-to-One
Worker
Rachel Taylor
(P/T 21 hrs)
Young People’s
Project Worker
Taryn Grieve
(P/T 28 hrs)		 19
Co-Chief Executive Officers
Sara Gowen (P/T)
Laura Selby (P/T)
Student Social Worker
(FT: up to 2 placements p/yr)
Monitoring and
Evaluation
Officer
Jane Leathley
(P/T –14 hrs)
Fundraising
Manager
Sarah Gerrard
(P/T 28 hrs)
Family
Project
Worker
Rachel Cundy
(P/T 21 hrs)
Office Manager
Denise Anderson
(F/T)
Family Project and
MPACT Manager
Helen Bolt (FT)
Fundraising
Officer
Nick Hardwick
(F/T)
Education
Development
Worker
Shuna Beckett
(P/T 17.5 hrs)
Family Project
Worker
Maryam
Mahmud
(P/T 32 hrs)
YCNV
Coordinator
Raphy Poon
(P/T 10.5 hrs)
Family
Engagement
Worker
Danielle Ball
(P/T 21 hrs)
Participation and
Development
Manager
Laura Cole (F/T)

Sheffield Young Carers Project Trustees' annual report - continued For the year ended 31 March 2025

Investment policy

The trustees have considered the most appropriate policy for investing funds subject to the overriding requirement of maintaining liquidity of funds.

Risk management

The Board of Trustees oversees a risk register, which is reviewed every two months at the Board meetings. The risk register uses a RAG rating to highlight any particular risks with the actions recorded and reviewed at the following meetings. The main risks identified in 2024-25 were:

Into 2025-26, the following risk has been identified as amber:

Trustees’ responsibilities in relation to the financial statements

The charity trustees (who are also the directors of the charity for the purposes of company law) are responsible for preparing a Trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The report and accounts have been prepared in accordance with the provisions in the Companies Act 2006 relating to small companies.

Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the group and of the incoming resources and application of resources, including the income and expenditure, of the charitable group for that period. In preparing the financial statements, the trustees are required to:

20

Sheffield Young Carers Project Trustees' annual report - continued

For the year ended 31 March 2025

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and the group and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial statements.

Small company provisions

This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.

The trustees declare that they have approved the trustees' report above on 20 August 2025.

Signed on behalf of the trustees by:

Richard Ross Chair of Board of Trustees

21

Independent Examiner’s report to the trustees of Sheffield Young Carers Project (“the Company”)

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.

Responsibilities and basis of report

As the charity’s trustees of the Company (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 the Company 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 examiner’s statement

Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, 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 cause to believe:

  1. accounting records were not kept in respect of the Company 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 applicable 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 understanding of the accounts to be reached.

Sarah Lightfoot, FCA DChA Seven Hills Accountants Limited 57 Burton Street Sheffield S6 2HH

21 Aug 2025

22

Sheffield Young Carers Project Statement of financial activities (incorporating the income and expenditure account) For the year ended 31 March 2025

Notes
Income from:
Donations and grants
2
Charitable activities
3
Other - access to work
Investments
Total income
Expenditure on:
Fundraising activities
4
Charitable activities
5
Total expenditure
Net income/(expenditure)
Transfers between funds
15
Net movement in funds
Total funds brought forward
Total funds carried forward		 General
funds
£
33,346
19,268
900
643
54,157
31,225
25,569
56,794
(2,637)
(22,611)
(25,248)
192,027
166,779		 Designated
funds
£
33,000
645
-
-
33,645
2,975
118,139
121,114
(87,469)
19,611
(67,858)
206,397
138,539		 Restricted
funds
£
6,475
552,302
-
-
558,777
32,663
611,295
643,958
(85,181)
3,000
(82,181)
206,246
124,065		 Total
2025
£
72,821
572,215
900
643
646,579
66,863
755,003
821,866
(175,287)
-
(175,287)
604,670
429,383		 Total
2024
£
191,054
644,311
14,382
606
850,353
66,964
713,653
780,617
69,736
-
69,736
534,934
604,670

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

A full comparative by fund can be seen in note 19.

23

Sheffield Young Carers Project Balance sheet As at 31 March 2025

Notes 2025 2024
£ £
Fixed Assets
Tangible Assets 10 - -
Current assets
Debtors 11 2,038 3,561
Cash at bank and in hand 445,099 618,034
Total current assets 447,137 621,595
Creditors: amounts falling due within one year 12 (17,754) (16,925)
Net current assets 429,383 604,670
Total assets less current liabilities 429,383 604,670
Creditors: amounts falling due after more than one year - -
Total net assets 429,383 604,670
Funds of the Charity
General funds 166,779 192,027
Designated funds 13 138,539 206,397
Total unrestricted funds 305,318 398,424
Restricted income funds 14 124,065 206,246
Total funds 16 429,383 604,670

For the year ending 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 director's acknowledge their responsibilities for 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 companies subject to small companies' regime.

Approved by the board on 20 August 2025.

Signed on their behalf by:

Richard Ross Chair of Board of Trustees

24

Sheffield Young Carers Project Statement of cashflow For the year ended 31 March 2025

Reconciliation of net expenditure to net cash flow from operating activities
Net income/(expenditure) for the year (as per the SOFA)
(175,287)
Adjustments for:
(Increase)/decrease in debtors
1,523
Increase/(decrease) in creditors
829
Investment income
(643)
Depreciation
-
Cash flows from operating activities
Net cash provided by/(used in) operating activities
Cash flows from investing activities
Investment income
643
Net cash (used in)/provided by investing activities
Change in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year		 2025
£
(173,578)
643
(172,935)
618,034
445,099		 69,736
14,374
(1,462)
(606)
873
606		 2024
£
82,915
606
83,521
534,513
618,034

25

Sheffield Young Carers Project Notes to the Accounts For the year ended 31 March 2025

1 Accounting Policies

(a) Basis of preparation

Sheffield Young Carers Project is a charitable company in the United Kingdom limited by guarantee. In the event that the charity is wound up the liability in respect of the gurantee is limited to £1 per member of the charity. The address of the registerd office is given in the company information on page 1 of these financial statements.

The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (second edition), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102) and with the Charities Act 2011.

The charity meets the definition of a public benefit entity as defined under FRS102. The financial statements are presented in sterling which is the functional currency of the charity and are rounded to the nearest £1.

(b) Income Income is recognised in the SOFA when the charity has entitlement to the funds, any performance conditions attached to the monies have been met, the receipt of the income is probable and its amount can be reliably measured.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

(c) Donated activities, goods and services

Donated activities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably.

Secured goods and funds, given by other organisations directly to clients, are not accounted for as donated, as SYCF only facilitated this support.

(d) Expenditure, irrecoverable VAT and liabilities

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include administration costs, finance, personnel, payroll and governance costs which support the charitable activities. Support costs have been allocated between activities based on staff time.

(e) Tangible fixed assets

All items of capital expenditure below £500 are written off as incurred.

Depreciation has been calculated to write down the cost or valuation, less estimated residual value, of all tangible fixed assets over their expected useful lives on a Computer and I.T. equipment 4 years straight line

(f) 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.

(g) Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

(h) Trade creditors

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 does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

(i) Fund accounting

Unrestricted funds are donations and other income receivable or generated for the objects of the organisation without further specified purpose and are available as general funds.

Designated funds are funds set aside at the discretion of the trustees for specific projects.

Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work or for specific artistic projects being undertaken by the charity.

(j) Pensions

The organisation has a defined contributions pension scheme. Contributions are charged in the accounts as they become payable in accordance with the rules of the scheme.

26

Sheffield Young Carers Project Notes to the Accounts - continued For the year ended 31 March 2025

1 Accounting Policies - continued

(k) Operating lease rentals

Rentals under operating leases are charged to the Statement of Financial Activities on a straight line basis over the lease term.

(l) Corporation tax

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

(m) Going concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

Funder
Project
Paul Hamlyn Foundation
Youth Strategic Investment Fund
Paul Hamlyn Foundation
Expert Support Package
Education Development
The Garfield Weston Foundation
Development manager
Sheffield Town Trust
The Talbot Trusts
Donations
Donations in kind
2024 fund split
Income from charitable activities
Funder
Project
BBC Children in Need
The National Lottery Community Fund
Family Project 4
The National Lottery Community Fund
Today for Tomorrow Project 2
The National Lottery Community Fund -
Awards for All
8-12 Group work
The British and Foreign School Society
Greater Reach, Brighter Futures
Henry Smith Charity
Young People's Project - Support worker
Postcode Neighbourhood Trust
Young People's work
Sheffield City Council
Core Service Grant
Sheffield City Council
Core Service Grant - Substance misuse
treatment and recovery
Family Holiday Association
Holiday support for specific families
Carers Trust
Items/activities for specific families
The Cutlers Company
Holiday Activities
Church Burgesses Educational Foundation
Holiday Activities
Sheffield Town Trust
Holiday Activities
The James Neill Trust Fund
Holiday Activities
The Charles & Elsie Sykes Trust
Holiday Activities
The Freshgate Trust Foundation
Holiday Activities
JG Graves Charitable Trust
Holiday Activities
The Liz and Terry Bramall Foundation
Holiday Activities
The Tramlines Trust
Holiday Activities
Westfield Health
Holiday Activities
Student placement fees
Other income
2024 fund split
Worshipful Company of Pewterers (The
Seahorses Trust)
Young People's Project - Support worker -
2020-2023		 General
funds
£
-
-
-
-
3,000
3,000
6,000
27,346
-
33,346
40,554
General
funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2,800
16,468
19,268
5,330		 Designated
funds
£
-
-
3,000
30,000
-
-
33,000
-
-
33,000
150,000
Designated
funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
645
645
254		 Restricted
funds
£
-
-
-
-
-
-
-
6,475
-
6,475
500
Restricted
funds
£
-
112,646
102,129
20,000
-
35,350
-
168,500
94,246
880
1,051
2,000
5,000
2,500
3,000
5,000
-
-
-
-
-
552,302
-
-
552,302
638,727		 Total
2025
£
-
-
3,000
30,000
3,000
3,000
39,000
33,821
-
72,821
Total
2025
£
-
112,646
102,129
20,000
-
35,350
-
168,500
94,246
880
1,051
2,000
5,000
2,500
3,000
5,000
-
-
-
-
-
552,302
2,800
17,113
572,215		 Total
2024
£
110,000
30,000
10,000
-
-
-
150,000
36,354
4,700
191,054
191,054
Total
2024
£
7,391
109,228
98,940
9,809
28,227
34,600
24,312
168,500
141,601
-
1,800
2,000
3,000
5,000
1,000
3,000
638,408
2,800
3,103
644,311
644,311

27

Sheffield Young Carers Project Notes to the Accounts - continued For the year ended 31 March 2025

4 Expenditure on fundraising activities

Fundraising costs
Fundraising and monitoring salary costs
2024 fund split
5
Expenditure on charitable activities
Young People's work
Family Project
Voice and influence
Development and strategic work
Activities and grants
2025 fund split
2024 fund split
Prior year comparison
Young People's work
Family Project
Voice and influence (formally Action Group)
Development and strategic work (formally Development)
Activities and grants
6
Support costs
Support salary costs
Other Staff Costs
Office Costs
Premises and Utilities
Depreciation
Professional fees
Governance costs		 General
funds
£
2,899
28,326
31,225
4,467
Direct Project
Costs
£
53,244
3,026
6,474
37,236
37,535
137,515		 Designated
funds
£
-
2,975
2,975
-
Direct Project
Costs
£
104,847
4,479
12,487
7,562
35,220
164,595
General
funds
£
25,569
37,944
Direct salary
costs
(note 6)
£
265,927
78,042
1,001
50,703
5,089
400,762		 Restricted
funds
£
-
32,663
32,663
62,497
Direct salary
costs
(note 7)
£
269,788
79,832
50,490
35,003
6,688
441,801
Designated
funds
£
118,139
73,562
Support
costs
(note 5)
£
114,245
23,918
2,041
25,769
132
166,105
Note
7		 Total
2025
£
2,899
63,964
66,863
Support
costs
(note 6)
£
99,976
26,511
5,331
16,187
602
148,607
Restricted
funds
£
611,295
602,147
Return of
unspent grant
£
9,271
-
-
-
-
9,271
2025
£
72,177
16,122
23,091
25,725
-
4,968
6,524
148,607		 Total
2024
£
4,467
62,497
66,964
66,964
Total
2025
£
474,611
110,822
68,308
58,752
42,510
755,003
Total
£
755,003
713,653
Total
2024
£
442,687
104,986
9,516
113,708
42,756
713,653
2024
£
82,166
32,443
21,601
23,817
873
4,408
797
166,105

Support costs are allocated to activities on the basis of staff time spent.

28

Sheffield Young Carers Project Notes to the Accounts - continued For the year ended 31 March 2025

7 Staff Costs

Salaries
Employer's National Insurance
Employer's Allowance
Pension costs		 2025
£
516,411
46,662
(5,000)
19,869
577,942		 2024
£
489,609
42,921
(5,000)
17,895
545,425

The average number of employees during the period was 21 (2024: 20). No employee received emoluments of more than £60,000. Pension costs are allocated to activities and funds in proportion to the related staffing costs incurred.

Fee for independent examination
Taxation advisory services
Other services
Other fees paid to Independent examiner's organisation:		 2025
£
3,000
300
324
624		 2024
£
3,270
-
270
270

The trustees were not paid or received any other benefits from employment with the charity in the year (2024: £nil). No trustees were reimbursed expenses during the year (2024: travel expenses of £7 for 1 trustees were paid during the year). No other charity trustee received payment for professional or other services supplied to the charity (2024: £nil).

The key management personnel of the charity comprise the trustees and the Joint Chief Executive Officers. The total employee benefits of the key management personnel of the charity were £77,281 (2024: Managing director £51,767).

10 Tangible Fixed Assets

Computer and I.T.
equipment
£
Cost or Valuation
As at 1 April 2024
6,453
As at 31 March 2025
6,453
Depreciation
As at 1 April 2024
6,453
Charge this period
-
As at 31 March 2025
6,453
Net Book Value
As at 31 March 2025
-
As at 31 March 2024
-
11 Debtors
2025
£
Trade debtors
1,040
Prepayments
998
2,038
12 Creditors: amounts falling due within one year
2025
£
Trade creditors
2,589
Accruals
3,300
Other creditors
2,460
Taxation and social security
9,405
17,754		 Total
£
6,453
6,453
6,453
-
6,453
-
-
2024
£
2,370
1,191
3,561
2024
£
886
3,300
2,324
10,415
16,925

29

Sheffield Young Carers Project Notes to the Accounts - continued For the year ended 31 March 2025

13 Designated funds

Paul Hamlyn Foundation: Youth Strategic Investment Fund
Paul Hamlyn Foundation: Expert Support Package
Programme of Influence
Hardship Fund
Group Work
Education Development
Young Carers National Voice
Counselling service
Garfield Weston Foundation: Development manager		 Balance at
01-Apr-24
£
92,810
31,580
64,948
7,059
-
10,000
-
-
-
206,397		 Income
£
-
-
645
-
-
3,000
-
-
30,000
33,645		 Expenditure
£
-
(7,258)
(40,812)
(2,960)
(16,658)
(15,901)
(10,716)
(9,374)
(17,435)
(121,114)		 Transfers
£
(8,306)
-
(24,781)
-
23,372
5,382
11,444
12,500
-
19,611		 Balance at
31-Mar-25
£
84,504
24,322
-
4,099
6,714
2,481
728
3,126
12,565
138,539

Paul Hamlyn Foundation: Youth Strategic This unrestricted grant was received towards core funding to support strategic and operational development and growth. Investment Fund The trustees have chosen to designate this fund, to better identify the costs incurred for this work. The funder has agreed that the planned underspend can be spent in other ways - £8,306 has been set transferred towards the Action group designated fund. Paul Hamlyn Foundation: Expert Support This unrestricted grant was received towards costs identified to realise growth plans and support organisational Package development. The trustees have chosen to designate this fund, to better identify the costs incurred for this work. Programme of Influence Money from the Paul Hamlyn Foundation: Youth Strategic Investment Fund has been allocated into a separate budget to continue to deliver voice and influence work up till August 2025. The remaining funds in this budget were then allocated to the Young Carers National Voice and other services in the year. Transfers were made to: Young Carers National Voice Counselling service Education Development Hardship Fund Money set aside to meet specific family needs, as and when required. Group Work This funding was set aside to cover group work and activity costs - £23,372 of general funds has been used in the year towards these activities. Education Development Money set aside to work with education providers to identify and support young carers. This is a continuation of our Great Reach Brighter Futures programme. This was supported by the Progamme of Influence this year. Young Carers National Voice Money set aside to support the action group (now restricted funding has ended). This was supported by the Progamme of Influence and Paul Hamlyn Foundation: Growth fund this year. Counselling service Money set aside to continue the previously Council funded service - money set aside from core, and supported by some restricted donations (see note 14).

Core funding set aside to support the costs
Prior year comparison
Paul Hamlyn Foundation: Growth Fund (now called Youth Strategic Investment Fund)
Paul Hamlyn Foundation: Expert Support Package
Hardship Fund
Group Work
Education Development
Programme of Influence
Garfield Weston Foundation: Development
manager		 of the development manager.
Balance at
b/fwd
Income
£
£
72,088
110,147
26,662
30,000
5,038
-
3,384
107
-
10,000
-
-
107,172
150,254		 Expenditure
£
(23,956)
(25,082)
(2,979)
(21,493)
-
(52)
(73,562)		 Transfers
£
(65,469)
-
5,000
18,002
-
65,000
22,533		 Balance at
c/fwd
£
92,810
31,580
7,059
-
10,000
64,948
206,397

30

Sheffield Young Carers Project Notes to the Accounts - continued For the year ended 31 March 2025

14 Restricted funds

The National Lottery Community Fund: Today for Tomorrow Project 2
The National Lottery Community Fund: Family Project 4
The National Lottery Community Fund - Awards for All: 8 - 12 Group work
Henry Smith Charity: Young People's Project - Support worker
Sheffield City Council: Core Service Grant
Sheffield City Council: Core Service Grant - Substance misuse treatment and recovery
The British and Foreign School Society: Greater Reach, Brighter Futures
Paul Hamlyn Foundation: Staff Wellbeing
Carers Trust: Items/activities for specific families
Family Holiday Association: Holiday support for specific families
Postcode Neighbourhood Trust: Young People's work
Various: Holiday Activity Support group
The National Lottery Community Fund - Awards for All: 8-12 Group work
Sheffield Town Trust and donations: 8-12 Group work
Donations: Counselling service
Donations: End of term activities
Various: Holiday Activity Support group
The Sheffield Town Trust subscription was
Prior year comparison
BBC Children in Need: Action Group - 2020-2023
BBC Children in Need: Young People's Project - Support worker - 2020-2023
The National Lottery Community Fund: Today for Tomorrow Project 2
The National Lottery Community Fund: Family Project 3
The National Lottery Community Fund: Family Project 4
The National Lottery Community Fund - Awards for All: 8 - 12 Group work
Henry Smith Charity: Young People's Project - Support worker
Sheffield City Council: Core Service Grant
Sheffield City Council: Core Service Grant - Substance misuse treatment and recovery
The British and Foreign School Society: Greater Reach, Brighter Futures
Hardship fund
Paul Hamlyn Foundation: Staff Wellbeing
Paul Hamlyn Foundation: Young Carers National Voice
NHS South Yorkshire: Winter Pressures Project Funding
Carers Trust: Items/activities for specific families
Postcode Neighbourhood Trust: Young People's work
Various: Holiday Activity Support group
All funds are restricted to the projects or activities as specified by the funders.		 Balance at
01-Apr-24
Income
£
£
26,514
102,129
23,480
112,646
4,613
-
10,185
35,350
10,148
168,500
87,525
94,246
12,036
-
10,185
-
-
1,051
-
880
12,560
-
9,000
17,500
-
20,000
-
295
-
5,680
-
500
206,246
558,777
set aside for this fund.
Balance at
b/fwd
Income
£
£
3,611
14
11,418
7,391
29,784
98,940
33,510
-
-
109,228
-
9,809
9,393
34,600
1,545
168,800
74,655
141,605
8,066
28,227
198
-
12,028
-
17,986
-
34,000
-
-
1,800
-
24,313
-
14,500
236,194
639,227		 Expenditure
£
(101,463)
(110,822)
(4,613)
(31,936)
(173,192)
(171,759)
(12,036)
(1,118)
(1,051)
(880)
(12,560)
(13,671)
(2,677)
-
(5,680)
(500)
(643,958)
Expenditure
£
(3,625)
(18,809)
(102,210)
(28,510)
(85,748)
(5,196)
(33,808)
(160,197)
(128,735)
(24,257)
(198)
(1,843)
(18,455)
(34,000)
(1,800)
(11,753)
(5,500)
(664,644)		 Transfers
£
-
-
-
-
-
-
-
-
-
-
-
-
-
3,000
-
-
3,000
Transfers
£
-
-
-
(5,000)
-
-
-
-
-
-
-
-
469
-
-
-
-
(4,531)		 Balance at
31-Mar-25
£
27,180
25,304
-
13,599
5,456
10,012
-
9,067
-
-
-
12,829
17,323
3,295
-
-
124,065
Balance at
c/fwd
£
-
-
26,514
-
23,480
4,613
10,185
10,148
87,525
12,036
-
10,185
-
-
-
12,560
9,000
206,246

15 Transfers

From:
To:
General funds
Counselling service
To fund services
General funds
Group Work
To fund services
General funds
Transport
Set aside unrestricted grant
Education Development
5,382
Young Carers National Voice
11,444
Programme of Influence
To fund services
16,826
Programme of Influence
General funds
To fund services
7,955
Youth Strategic Investment Fund
General funds
To fund services
8,306		 General
funds
£
(12,500)
(23,372)
(3,000)
-
7,955
8,306
(22,611)		 Designated
funds
£
12,500
23,372
-
-
(7,955)
(8,306)
19,611		 Restricted
funds
£
-
-
3,000
-
-
-
3,000

31

Sheffield Young Carers Project Notes to the Accounts - continued For the year ended 31 March 2025

16 Net assets by fund

Net current assets
Net current assets		 General
funds
£
166,779
166,779
General
funds
£
192,027
192,027		 Designated
funds
£
138,539
138,539
Designated
funds
£
206,397
206,397		 Restricted
funds
£
124,065
124,065
Restricted
funds
£
206,246
206,246		 Total
2025
£
429,383
429,383
Total
2024
£
604,670
604,670

17 Operating lease commitments

As at 31 March 2025 the charity was committed to making the following payments under non-cancellable operating leases as follows:

Payable within 1 year
Payable between 1-5 years		 2025
£
6,115
1,120
7,235		 2024
£
3,531
2,843
6,374

18 Related party transactions

There have been no other related party transactions during the year other than those included in note 9.

19 Statement of financial activities - prior year comparative

Income from:
Donations and grants
Charitable activities
Other - access to work
Investments
Total income
Expenditure on:
Fundraising activities
Charitable activities
Total expenditure
Net income/(expenditure)
Transfers between funds
Net movement in funds
Total funds brought forward
Total funds carried forward		 General
funds
£
33,346
19,268
900
643
54,157
31,225
25,569
56,794
(2,637)
(22,611)
(25,248)
192,027
166,779		 Designated
funds
£
33,000
645
-
-
33,645
2,975
118,139
121,114
(87,469)
19,611
(67,858)
206,397
138,539		 Restricted
funds
£
6,475
552,302
-
-
558,777
32,663
611,295
643,958
(85,181)
3,000
(82,181)
206,246
124,065		 Total
2025
£
72,821
572,215
900
643
646,579
66,863
755,003
821,866
(175,287)
-
(175,287)
604,670
429,383		 General
funds
£
40,554
5,330
14,382
606
60,872
4,467
37,944
42,411
18,461
(18,002)
459
191,568
192,027		 Designated
funds
£
150,000
254
-
-
150,254
-
73,562
73,562
76,692
22,533
99,225
107,172
206,397		 Restricted
funds
£
500
638,727
-
-
639,227
62,497
602,147
664,644
(25,417)
(4,531)
(29,948)
236,194
206,246		 Total
2024
£
191,054
644,311
14,382
606
850,353
66,964
713,653
780,617
69,736
-
69,736
534,934
604,670

32