CIRENCESTER HOUSING FOR YOUNG PEOPLE 'IA company limited by guarantee and not havlng share capitall CHARITY NO. 1199326 COMPANY NO. 13558425 REPORT ANO UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 September 2024
CIRENCESTER HOUSING FOR YOUNG PEOPLE Acom an Ilmited b uarantee and not havin share ca Ital FOR THE YEAR ENDED 30 Se tember 2024 CONTENTS Trustees. Report 14 Independent Examiner's Report Statement of Financial Activities Balance Sheet Not•$ to the Accounts 9-17
CIRENCESTER HOUSING FOR YOUNG PEOPLE TRUSTEES, REPORT Acom an limited uarantee and not h•vln share ca FOR THE YEAR ENDED 30 Se tember 2024 ObJe¢tlves and actlvlties The Charity's objects, as staled in the memorandum, are.. For the benefit of the public are to relieve hardship, need or distress of person in necessitous circumslanees by providing or assisting in the provision of housing, in particular but not exclusively, for young persons in Cirencester and the surrounding area. Publlc 8èn8fit: achigv8mènt8 and perfomance The Objeds for which the charity is estsblished for the benefit of the public a lo relieve hardship, need or dislfess of persons in neeessilous circumstances by providing or assisting in the provision of housing, in particular but not exclusively, for young persons in Cirencesler and the surrounding area. Flnanclal R•vlew From the accounts, il will be seen that incoming resources for the year lo 30 September 2024 were £375,098. Resourees expended were £374,795 net surplus was thus £303. Looking lo the balan sheet, current assets less current liabilities were £23,683 and lolal nel assets were £349,122. We ideally would like lo Increase the level ol free reserves lo the $lated 3 to 6 months position G•noral overvlew CHYP provides long term housing with 24hour support lor 16-25-year-old homeless people, as it has for nearly 40 years. We have houses. Querns Lane accornmodales up lo 7 residents, each with their own room and sharing a communal kitchen, living space and bathrooms. Our support staff and offices are based al Querns Lane. The inspirational team of key workers provides tailored support to each young person's needs in a caring, environment Al CHYP residents have regular sessional activities both 1 to 1 and in groups. Group activities include Job Club, SupperlLunch Clubs, organised shopping trips and Music workshops. Staff offer emotional support, practical advice, and empower the young people lo find their own dire¢lion. This gives our residents the skills lo enable them to take care of their own mental and physical wellbeing and make positive life choices. Our propety in Ashcroft Road has room for 4 residents and has historically been used for those who require less support and are moving lowafds independent living. We know CHYP makes a significant differen¢e to the life chances of our young residents. Oulreaeh - We continued light touch support or more intense support when required during and after they move on to independent living. Like a family we are there when needed., even when they have left home. We slay in contact with many long after they have left us. Some drop In on a regular basis just lo say hello or for advice and friendship. CHYP is family for them. Reserves Pollcy The aim of Cirencesler Housing for Young People Limited is to have reserves of beeen 3 and 6 months running costs. Running costs are currently around £30,000 per month. At present free reserves are £23,683. Structure. Governance & Management Under a constitution adopted on 10 August 2021, CHYP'S objects are 'The relief of need, hardship or dist$$ of persons in necessilous circumstances by providing or assisting in the provision of housing in particular, but not exclusively lo young persons and in particular, bul not exclusively to young persons in Cirencesler and the surrounding area" The Charity is a Registered Charity (Number 11993261.
CIRENCESTER HOUSING FOR YOUNG PEOPLE TRUSTEES, REPORT Aeom an limited b uarantee and not havin share ca FOR THE YEAR ENDED 30 Se tember 2024 Govgmlng documont Memorandurn and Articles incorporated 10 Aug 2021. Appointment of tru8tee8 Trustees are appointed by processes laid down in the articles tsf association. New Trustees may be co-opted by the Trustees, in accordance with the governing document, lo provide necessary skills lo support the Charity, and fvll appointment and routine re-election procedures are undertaken at annual general meetings. Tfu8tee Indu¢tlon and tralnlng Trustees are briefed on their legal obligations under company and charity law, the governing document, decision making processes and financial performance of the Charity. We commission periodic external training events, in order to ensure high standard5 of governance and awareness. Oryanl8atlon The Trustees are responsible lor the governance and administration of the Charity. They meet quarterly and receive reports from the Management committee and adminislralor. These reports convey the disbursement decisions, matters of policies and procedures, and financial budgets and portS. Rlsk mAnaggm•nt The Trustee Board has conducted a review of the major risks lo which the charity is exposed. A risk register has been established and is updated al least annually. Vvhere appropriate, systems or procedures have been established lo miligale the risks which the Charity faces. The risk which has been Identified as high is the level of grant funding and potential changes in the local authority funding particularly with regard to Housing 8enefil. All other risks fall into the low or m8dium category with the initial perceived high risk caused by the pandemic miligaled by Government grants. Internal control risks are minimised by the implementation of procedures for authorisation of all transa¢lions and projects. Financial transactions require the aulhorisalion by Irusleesldireclors. Procedures are in place to ensure compliance with health and safety of staff, volunteers, clients and visitors to our premises. Plan8 for futur• perlods The Charity hopes the change in structure will help users, members and doners understand the true worth and benefit to the community of CHYP This is especially Important this current time when we have a cost-of-living crises and a housing crisis. "CHYP. is very proud of the support il gives lo the users of ils facilities that gives Ihern both physical and emotional safety and support al an important lime of their lives. CHYP will continue to learn from its current service provision to ensure consislenl positive outcomes. For example. residents have gone on lo attend University and set up their own businesses. The directors have pul 26 Ashcroft Road on the market 85 It was fell that the expense of upgrading was not cost effective. The money realised will be used to facilitate the extension of the Querns Lane propety to provide lurther 6 rooms Iheie.
CIRENCESTER HOUSING FOR YOUNG PEOPLE TRUSTEES, REPORT Acom IlmSted b uarantee and not havin share ca FOR THE YEAR ENDED 30 Se ternber 2024 Directors and Trustees The Directors of the Charitable Company Ithe Charity) are the Trustees for the purpose of charity law and throughout this report are collectively referred lo as the Trustees. The Trustees serving during the year and since the year end were as follows.. Jane Rosalie Gunner Thomas lan Walmore Effie Margaret Edney Louise Jane Monleilh Henniker-Gotley Andrew Robert Johnson Paul Hutton Pauline Rushlon Company Number.. 13558425 Icharity no 11993261 Directorsrrruslees at 30 September 2024". Jane Rosalie Gunn6r Thomas lan Walmore Effie Margaret Edney Louise Jane Monleilh Henniker-Golley Andrew Robert Johnson Paul Hutton Pauline Rushlon Secretary.. Jane Rosalie Gunner Registered Office.. 29-31 Quern$ Lane Cirencesler Gloucesler$hire GL7 1RL Independent Examiner.. Miss Ruth Herbert FCCA Wenn Townsend S Gosdilch Street Cirencesler Gbuceslershire GL7 2AG 8ankefS'. HSBC 2 The Promenad8 Chellenham Gloucestershire GL50 1 LR
CIRENCESTER HOUSING FOR YOUNG PEOPLE TRUSTEES, REPORT Acom an Ilmlted b uarantee and not havin share ca FOR THE YEAR ENDED 30 Se tembgr 2024 Rgsponslbllltles of the Trustees The Chanly Trustees Iwho are also the directors of Cirencester Housing For Young People for the purpose5 of company lawl are responsible for preparing a Trustees, annual report and financial statements in accordance with applicable law and United Kin9dom Accounting Standards Iuniled Kingdom Generally Accepted Accounting Practice) Company law requires the Trustees lo prepare financial statements for each financial year which give a true and fair view of the stale of the affairs ofthe Charrtable Company as al the balance sheet date and of Ils incoming resour$ and application of resources, including income and expenditure, for the financial year. In prepanng those financial stalemenls, the boafd should follow best practice and.. select suitable accounting policies and then apply them consislenlly., observe the methods and principles in the applicable Charities SORP., make judgements and estimates that are reasonable and prudent., $lale whether applicable UK accounting standards have been followed, subject lo any material departures disclosed and explained in the financial slalemenls., prepare the financial statements on the going concern basis unless il is inappropriate to presume that the Charity will continue in business. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy al any lime the financial position of the Charity and to enable them lo ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence taking reasonable Steps for the prevention and dele¢lion of fraud and other irregularities. The Trustees are responsiblè for the maintenance and intègrity of the Corporate and financial information included on the Charitable Company's website. Legislation in the United Kingdom governing tho preparation and dissemination of financial slalements may differ from legislation in other jurisdictions. Approved by the Trustees on 27 January 2025 and signed on ts behalf by.. Jane Gunner Secretary
INDEPENDENT EXAMINERS REPORT TO THE MEMBERS OF CIRENCESTER HOUSING FOR YOUNG PEOPLE Acom an Ilmlted b uar•ntee and not havin a $hare ca I report lo the Charity Trustees on my examination of the accounts of the charitable company for the year ended 30 September 2024 which are set out on pages 6 to 17. Respon$lbllltles and ba$ls of rgPQrt As the Charity Trustees of the company land also Ils directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 I'lhe 2006 Act'l. Having satisfied myself that the accounts of the company are nol required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company's accounts as carried out under section 145 of the Charitie$ Act 2011 I'lhe 2011 Act'l In ¢arrying out my examination I have followed the Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Indapondent exarnlnor'8 Statement Since the company's gross income exceeded £250,000 your examiner musl be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified lo undertake the examination because l am a member of the Association ol Chartered Certified Accountants, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come lo my attention in connection with the examination giving me cause lo believe that in any material respect.. accounting records were not kept In respect of the company as required by section 386 of the 2006 Act,. or the account$ do not accord with those records", or the accounts do not comply with the accounting requirements of se¢lion 396 of the 2006 Act other than any requirement that the a¢counl$ give a 'true and fair view, whi¢h is not a matter considered as part of an independent examination., or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable lo ¢harilies preparing their accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 I have no concerns and have come across no other matters in connection with the examinatlon to which allenlion should be drawn in this report in order lo enable a proper understsnding of the accounts to be reached. Name: Ruth Herbert Relevant Professlonal quallflcatlon or body: FCCA Address: Wenn Townsond 5 Gosditch Street Clrencester Gloucest•rshlr8 GL7 2AG Date: 28 January 2025
CIRENCESTER HOUSING FOR YOUNG PEOPLE Acom an limited b uarantep and not havin share ca STATEMENT OF FINANCIAL ACTIVITIES & INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 Se tember 2024 Note Unrestricted Restricted Funds Funds Totsl 2024 Total 2023 Incomg: Income from generated fvnds Donations and grants Charitable activities Investment income Shop income 189.641 64,000 705 88,318 34,409 224,050 64,000 730 86,318 520,227 55.426 731 87.159 25 Total Income 340,684 34.434 375,098 663.543 Expendlture: Charitable activities Shop expenditure Charitable expenditure Other cos1$ 3a 74,964 274,566 9,243 74,964 290,588 9.243 67,895 236,805 10,024 16,022 Tolal Expondlturg 358,773 16,022 374,795 314,724 Net Incominglloulgolngl Resour¢•• for the year 118,109} 18,412 303 348,819 Tran$l•rs 3,200 13,2001 Net Movèment In FuTrd3 114,9091 15,212 303 348,819 Funds brought forward 348,456 363 348,819 Funds lo be carrlod for•vard 333,547 15,575 349,122 384,819
CIRENCESTER HOUSING FOR YOUNG PEOPLE Acom Ilmitod b uarantee and not havin share ca BALANCE SHEET ASAT30Se tember 2024 Note 2024 2023 FIXEO ASSETS Tangible Assets 392,576 405,413 CURRENT ASSETS Debtors Cash al Bank 403 47,920 2,286 46,036 48,323 48,322 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 10 124,6401 124,9971 NET CURRENT ASSETS 23,683 23,325 CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR {67,1371 179,919} TOTAL ASSETS LESS CURRENT LIABILITIES 349,122 348.819 NET ASSETS FUNDS Unrestricted 333,547 348,456 Restricted 15,575 363 349,122 348,819
CIRENCESTER HOUSING FOR YOUNG PEOPLE Acom an limited b uarantge and not havln share ca BALANCE SHEET ASAT30Se tember 2024 In approving these financial statements as Directors of the Company we hereby confirm.. lal The Company is entitled to the exemption from audit under Section 477lcl of the Companies Act 2006 for the year ended 30 September 2024. The Trustees have not required the Charitable Company to obtain an audit of its financial statement for the year ended 30 September 2024 in accordance with section 476 of the Companies Act 2006. Ibl That we acknowledge our r8sponsibilities for.. 111 ensuring that the Company keeps accounting records which comply with section 386 and 387 of the Companies Act 2006 and 121 preparing financial statements which give a true and fair view of the slate of affairs of the Company as al the end of the financial year and of ils profil or loss for the year then ended in accordance with the requirements of section 394 and 395 and which othetwise comply with the Pfovisions of the Companies Act 20(IS relating to financial slatemenls, so far as applicable lo the Charitable Company. These accounts have been prepared in accordance with the provisions applicable lo cornpanies subject to the small companies, regime and in arLordan¢e with FRS102 and the Charities SORP IFRS1021. The notes on the following pages form part of these accounts. These financial statements were approved and aulhorised for issue by the Trustees on 28 January 2025 and signed on their behalf by.. A R Johnson Chalr of Tru8teO8 Company Registration No. 13558425
CIRENCESTER HOUSING FOR YOUNG PEOPLE Acom an Ilmited b uarantee and not havin $hare ca Ital NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 Se gmbor 2024 1. ACCOUNTING POLICIES Basis of •¢¢ountlng The financial slalemenls have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021- (Charities SORP IFRS 10211. Cirencesler Housing for Young People Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilrties are initially recognised at historical cost or transaction value unless otheiSe slated in the relevant accounting policy notes. Fund accountlng Unrestricted funds comprise those funds which the Trustees are free lo use in accordance with the charitable objectives. Reslricled funds are funds which have been given lor particular purposes. Income All Incoming ie$ources are included in the income and axpendilure account when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied lo particular categories income.. Rental income when due Donated services and facilities are included al the value Its the company where this can be quantified. The valu8 of seNi¢e$ provided by volunteers has not been included in these accounts. Investment income 1$ in¢luded when receivable. endilure and irrecoverable VAT Expenditure is recognised once there is a legal or conslruclive obligation to make a payment lo a third paty, il is probable that selllemenl will be required, and the amount of the obligation can be measured reliably. Expenditure is ¢la$sified under the following activity headings.. Expenditure on ¢haritsble activities includes the costs of delivering services & other activities together with their a$so¢iated support costs. Irrecoverablo VAT is charged as a cost against the activity for which the expenditure was incurred. Cash at bank and in hand Cash al bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the dale of aequisilion or opening of the deposit or Similar account. Creditors and rovisions Creditors and provisions are recognised where the Company ha5 a Present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due lo settle the obligation ean be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. Le al status of the Com an The Charity is a company limited by guarantee and has no share capital. In the event of the Charity being wound ijp, the liability in respect of the guarantee is limited lo £1 per member ol the Charity. The Charity is registered and Ineorporated in England and Vvales and ils registered address is.. 29-31 auerns Lane, Cirencesler. Glouceslershire, GL7 1 RL
CIRENCESTER HOUSING FOR YOUNG PEOPLE Acom Ilmlted b uarantee and not havln share ca NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 S¢ tember 2024 Public Benefit and concessiona loans The company considers itself a public benefit entity as defined by FRS102 and accounts for concessionary loans at the amunt received adjusted for interest, and repayments. De recialion Depreciation is provided on a straight-line basis from the date of coming into use over the estimated useful lives ol the assets. Asset lives being used al 30th September 2024 are freehold property 50 years, other 8ssets 5 years. Grants Taken lo the appropriate account on an accruals basis. Funds The company's funds consist of unrestricted and restricted amounts. The company may use unreslricled amounts at ils discretion. Restricted funds represent Income which is restricted to 8 particular purpose, in accordance with the donor's wishes. Designated funds are unreslricled funds set aside by the Committee out ol unrestricted general funds lor specific future purposes or projects. INCOME FROM CHARITABLE ACTIVITIES Unrestrleted Funds Restrlcted Fund8 Total 2024 Total 2023 Donations and grants Charitable activities Investment income Shop income 189,641 64,000 705 86,318 34,409 224,050 64,000 730 86,318 520,227 S5,426 731 87,159 25 340,664 34,434 375,098 663,543 Included in donations and grant$ last year is an amount of £354,823 gifting the assets of the old ClnceSter Housing For Young People Limited lo the new charity. 3a SHOP EXPENDITURE nrestrlcted Funds Rostrleted Funds Total 2024 Total 2023 Shop expenditure Shop salanes 34,187 40.777 34,187 40.777 25,664 42,231 74,964 74,964 67.895 10
CIRENCESTER HOUSING FOR YOUNG PEOPLE Acom an Ilmlted b uarantee and not havin share ca Ital NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 Sg tembor 2024 CHARITABLE ACTIVITIES Unrestricted Fund¥ Restricted Funds Total 2024 Total 2023 Salary and expenses Council tax and water rates Insurance Repairs and maintenan Electricity and gas Television licence Cleaning Bad debts Printing, stationery and telephone Staff recruitment. training and compliance Depreciation - equipment Depreciation - propety Sundry expenses Tenant Iroining Gifts to residents Fundraising expenditure Tenants fund expenditure Bank charges Mortgage interest 188,079 6,861 7,650 19,256 12.430 241 919 15.988 4.488 1.053 11.877 199,956 6,861 7,650 19,256 12,430 241 919 15,988 4,488 1,053 177,865 6,249 6,010 12,026 8,454 323 2,036 14,2291 4,137 1,452 256 12,581 1,787 52 256 12,581 3,005 52 455 12,581 345 2,547 520 372 4,592 422 648 1,218 1,008 1,008 2,927 486 1,430 2,927 1,430 274,566 16,022 290,588 236,805 EXPENDITURE Unre8trlctgd Funds Re8trlcted Funds Total 2024 Total 2023 Independent examiner fee Professional charges 3,250 5,993 3,250 5,993 3,000 7,024 9,243 9,243 10,024
CIRENCESTER HOUSING FOR YOUNG PEOPLE Acom an limited b uarantee and not havin share ca NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 Se temb¢r 2024 FIXED ASSETS Freehold Pro Offlce and ul ment oth•r Total Cost A101.10.23 Additions Disposal 642.587 84,475 727,062 AI 30.OJ.24 642,587 84,475 727,062 Depreclatlon al 01.10.2023 237,540 84,109 321,649 Charge for year Disposal 12,581 256 12,837 AI 30.09.24 250,021 84.365 334,486 Not Book Value AI 30.09.24 392,566 110 392,576 AI 30.09.23 405,047 366 405,413 MOVEMENTS IN FUNDS Funds at 109124 2024 Bal bm In¢omo Transfers Ex endlture Restricted funds Unreslricled 363 348,456 34,434 340,664 13.200} 3,200 116.0221 1358.7731 1 S,575 333,547 Total funds 348,819 375,098 1374.7951 349.122 2023 Funds at 30109123 Bal blf Income Transfors Ex ndlture Restricted funds Unreslricled 12,515 651,028 13,2001 3,200 18.9521 1305,5721 363 348,456 663,543 1314,7241 348,819 12
CIRENCESTER HOUSING FOR YOUNG PEOPLE Acom an Ilmlted b uarantee and not havin shar¢ ¢a NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 Se tembgr 2024 MOVEMENTS IN FUNDS 2024 Fund5 blfwd Income Ex enditur8 Transfor Funds clfwd Unre8trlcted fund8 General fvnd 348.456 340,664 1358,7731 3,200 333.547 Restricted funds Music Works Wellbeing grant National Lottery Temperance Trust Cirencesler Girls Club Tonanli fund Mortgage grant 22,917 500 4,083 220 500 3,014 3,200 17,7941 15001 14,0831 12201 15001 12,9251 15,123 363 452 13,2001 363 34,434 116,0521 13,2001 15,575 Total funds 348,819 375,098 1374,7951 349,122 13
CIRENCESTER HOUSING FOR YOUNG PEOPLE Acom an limlted b uarantee and not havln sharo ca Ital NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 Se tembor 2024 MOVEMENTS IN FUNDS- prloryear 2023 Funds blfvid Income Ex enditur• Transfer Funds elfvid Unrestrlcted fund8 General fvnd 651,028 1305,7721 3,200 348.456 Restrlct•d fund8 Building repairs Lunch Club Tenants fund Mortgage grant 3.360 1,000 4,955 3,200 13,3601 11.0001 14,5921 363 {3,2001 12,515 18,9521 13,2001 363 Total funds 663,543 1314,7241 348,819 Muslc work grant made for specific music projects for residents Wellbeing grant to aid staff happlness National lottery Communlty Fund for client relationship and service management tool Temperance Trust grant for resident actlvities Cirencester Glrls Club trip for staff and residents to Cotswold Wildlife Park Tenants fund is a specific grant to be spent on the tenants, needs. Mortgage grant is provided to help cover the capital costs of paying the unrestricted mrtgage. 14
CIRENCESTER HOUSING FOR YOUNG PEOPLE Acom an limlted b uarantee and not havln share ca NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 Se tember 2024 ANALYSIS OF NET ASSETS BETWEEN FUNDS 2024 Dosi nated General Fund Rgstrieted Fund8 Total Funds 2024 Fixed assels 392,576 392,576 Current assets 32,345 15,575 47,920 Current liabilities 124,640} 124,6401 Long term liabilities 167,1371 167,1371 333.547 15,575 349, 122 2023 Desl Gengr Fun Restrlctod Funds Total Funds 2023 Fixed assets 405,413 405,413 Current assets 47,959 363 48,322 Current liabilities 124,9971 124,9971 Long term liabilrties 179,9191 179,9191 348.456 363 348,819 TAXA TION As a charity, Cirencester Housing for Young People is exempl from tax on income and gains falling within the Income Taxes Act 2007 section 524 to the extent that these are applied to ils charitable objects. No tax charges have arisen in the Charity. DEBTORS 2024 2023 Debtors 403 2,286
CIRENCESTER H USING FOR YOUNG PEOPLE Acorn an Ilmited b uaranteo and not havin share ca NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 Se tember 2024 2024 2023 10 CREDITORS IAMOUNTS FALLING DUE WITHIN ONE YEAR) Creditors Social Security and PAYE Accruals and deferred income Bounce bank loan CDC loan secured on 29131 Querns Lan6 4.330 2.746 4,000 10,000 3,564 5,285 2,148 4,000 10,000 3,564 24,840 24.997 11 LONG TERM LOAN HSBC bank bounce back loan CDC loan secured on 29131 auerns Lane 7,448 59.689 16,666 63,253 67.137 79.919 Repayable within one year Repay8ble beeen and five years Repayable in five years or more 13,564 21,704 45,433 13.564 30,922 48,997 80,701 93,483 The loan which is from Cotswold District Council ICDCI is inlerest-free and for a period of 25 years from February 2018. It is secured on numbers 29 and 31 auerns Lane, Cirencesler. 12 CONCESSIONARY LOANS CDC loan secured on 29131 Querns Lane 63,253 13 SHARE CAPITAL Th8 Company is limited by guarantee and does not have share capital. 14 FINANCIAL COMMITMENTS At the balance sheet dale the Company had made commitments of £nil lo pay disbursements in the following financial year. 15 CONTINGENT LIABILITIES There were no known contingent liabilities al the balance sheet dale. 16 RELATED PARTY TRANSACTIONS There were no known material related paty transactions during the yoar. 16
CIRENCESTER HOUSING FOR YOUNG PEOPLE Acom limited b uaranlee and not havln share ¢a Ital NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 Se tember 2024 17 TRUSTEES RENUMERATION The Trustees received no remuneration or expenses dLsring the period. 18 ANALYSIS OF STAFF COSTS AND THE COST OF KEY MANAGEMENT PERSONNEL 2024 2023 Wages and salaries Social security costs Other pension costs 226,183 8,580 5,970 203,311 6,578 10.207 240,733 220,096 The average monthly number of employees during the period was as follows.. 2024 2023 Care and Direct service user provision 17 17 No employees received emoluments in excess of £60,000 The Charity has no key management personnel. This function being undertaken by the Trustees. 17