CIRENCESTER HOUSING FOR YOUNG PEOPLE IA company limitgd by guarantee and not havlng share capltall CHARITY NO. 1199326 COMPANY NO. 13558425 REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
CIRENCESTER HOUSING FOR YOUNG PEOPLE Aeom an Ilmlted uarant e and not havln share ca FOR THE YEAR ENDED 30 SEPTEMBER 2025 CONTENTS Pa Trustees, Report 14 Independent Examiner's Report Slalement of Financial Activities Balance Sheet Notes to the Accounts 17
CIRENCESTER HOUSING FOR YOUNG PEOPLE TRUSTEES, REPORT Acom an limited b uarantee and not havin sha ca FOR THE YEAR ENDED 30 SEPTEMBER 2 ObJectlv8s and activitigs The Charity's objects, as staled in the memorandum, are.. For the ben8fft of the public are lo r81ieve hardship, need or distress of person in necessrtous circumstance5 by providing ol assisting in the provis of housing, in particular but not exclusively, for young persons in Cirencesler and the sutrounding area. Public Benoflt: achievements and perfomiance The Objects for which the charity is established for the benerrt of the public are to relieve hardship. need or distress of persons in ne¢essf(ous circumstances by providing or assi51ing in the provision of housing, in particular but not exclusniely, for young persons in Cirencesler and the surrounding area. Flnanclal Revigw From the accounts, it will be seen that incoming resources for the year lo 30 September 2025 were £345,006. Resources expended were £371,534 net loss was thus £26,528. Looking lo the balance sheet, current assets less current liabilities were £289.433 and lolal nel assets were £489,994 which includes the money realised from the sale of Ashcroft Road lo be used lo facililale ex1ending provision on the Quems Lane site. Ideally would like to increase the level of free reserves to the stated 3 to 6 months posf(ion. General overview CHYP provides long tem housing with 24hour support for 16-25-year-old homeless people, as it ha8 for nearly 40 years. We have one house, Querns Lane accommodates up lo 7 residents, each wrth their own room and sharing a communal kitchen. living Spa and bathrooms. Our support staff and offices are based at Querns Lane. The inspirational team of key workers provides tailored support lo each young person's needs in a caring. environment. At CHYP residents have regular sessional actwi(ies both 1 10 1 and in groups. Group activities include Job Club, SupperlLunch Clubs, organised shopping trips and Music workshops. Staff offer emotional support, practical advi, and empower the young people to find their own direction. This gives our residents the skills lo enable them to take cale of their own mental and physical wellbeing and make posf(ive life choices. Following a review of properties and service user needs and a feasibilty study. the management committee made the decision to sell Ashcroft Road ¥Mth the intent to build an 8-bed unil at the back of our Querns Lane property. In early 2025, Ashcroft Road was sold, and we currentty having plans in for the approval of the new unil, including modernising the shared space lo the current property al Querns Lane. Outreach- We continued light touch support or more intense support when required during and afterthey 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. Somo drop in on a regular basis just lo say hello or for advice and friendship. CHYP is family for them. Fundraising is particularly challenging in the current financial climate.. as a resurt, it has been a very industrious year, with some successes as a resuY(. To all those local organisalions who have been able to fundraise or donate lo us we are extremely grateful. We would like lo extend a huge thank you lo Rural Elm, who have been so generous lo CHYP, noljusl financially bul also with their lime. Without their support. we would not have been able to move forward wrth the new connected building on the Querns Lane site with 8 bedrooms, 2 new kf(chens and 3 new bedrooms. 11 was again". the generosity of Trusts and Foundations we relied on once more to keep us going. We would not be able lo look aftei the young people in our caro without them and would like lo thank them all for their vital donations. We are always humbled by the number of donation received from numerous private individuals, many of whom have supported CHYP year after year.
CIRENCESTER HOUSING FOR YOUNG PEOPLE TRUSTEES. REPORT Acom IlmFted b uarantse and not havin share ca R THE YEAR ENDED 30 SEPTEMBER 2025 Reserve$ Pollcy The aim of Cirencesler Housing for Young People Limited is to have reservgs of between 3 and 6 months running costs. Running costs are currently around £30,000 per month. Al present free reserves are £89.433. Structure. Governance & Management Under a eonstitulion adopted on 10 August 2021. CHYP'S objects are'The relief of need. hardship or distress of persons in necessitous circumstanees by providing or assisting in the provision of housing in particular, but not exclusively lo young persons and in particular, bul not exclusively lo young persons in Cirencester and the surrounding area" The Charity is a Registered Charity (Number 11993261. Governlng documont Memorandum and Articles incorporated 10 Aug 2021. Appointment of trustees Trustees are appointed by processes laid down in the articles of association. New Trustees may be co-opted by the Trustees, in accordan with the governing document, lo provide nSSary skills lo support the Charity, and full appointment and routine re-election procedures are undertaken al annual general meetings. Trustge Induction and training Trustees are briefed ontheir legal oblalKIn$ undercompany and charity law, the goveming document, decision making processes and financial perfomiance of the Charf(y. We commission persodic external training evenl5, in order lo ensure high standards of goveTnance and awarene5S. Organisation The Trustees are responsib for the govemance and administration of the Charity. Th8y meet quarterly and receive reports from the Management wmmittee and adminislralor. These reports convey the disbursement decisions, matters of policies and procedures, and financial budgets and reports. Risk management Tho Trustee Board has conducted a review of the major risks to which the charity is exposed. A risk register has en established and is updated at least annualty. Imiere appropriate, systems or procedures have been established lo mitigate the risks which the Charity fas. The risk which has been identified as high is the level of grant funding and potential changes in the local authority funding particulady with regard lo Housing Benefit. All other risks fall into the low or medium category with the iniiial perceived high risk caused by the pandemic mitigated by Government grants. Inlemal control risks are minimised by the ImpMentation of prccedures for authorisation of all transactions and projects. Financial transactions require the aulhorisalion by two Irusteesldireclors. Procedures are in place lo ensure compliance w((h heatth and safety of staff, volunteers, clients and visitors to our premises. Plans for future periods The Charty hopes the change in structure will help users. members and doners understand the true worth and benefrt to the community of'CHYP' This is especially important this current lime when we have a cost-of-living crises and a housing crisis. "CHYP. is very proud of the support il gives to the users of ils facilities that gives them both physical and emotional safely and support al an important time of their INes. CHYP will continue lo learn from ils current service provision lo ensure consistent positive outcomes. For example, residents have gone on to attend UnNersty and set up their own businesses.
CIRENCESTER HOUSING FOR YOUNG PEOPLE TRUSTEES. REPORT Acom an limited uarantee and not havin share ca FOR THE YEAR ENDED 30 SEPTEMBER 2026 Dlrectors and Trustees The Directors of the Charitsble Company {the Charity) are the Trustees for the purpose of charity law and throughout this report are colleclivety referred lo as the Tfuslees. The Trustees sewing during the year and since the year end were as follows.. Jane Rosalie Gunngr Thomas lan Walmore Effie Margaret Edney Louise Jane Monleilh Henniker-Gotley Andrew Rob$rt Johnson Paul Hullon Pauline Rushton Company Number= 13558425 Icharty no 11993261 Directorsrrrustees al 30 September 2025.. Jane Rosalie Gunner Thomas lan Walmore Effie Margaret Edney Louise Jane Monteilh Henniker-Gotley Andrew Robert Johnson Paul Hutton Pauline Rushton Secretary.. Jane Rosalie Gunner Registered orrice: 29-31 Querns Lane Cirencesler Gloucestershire GL7 IRL Independent Examiner.. Miss Ruth Herbert FCCA Wenn Townsend Walermoor Point Watemioor Road Cirencesler GL7 1LF Bankers.. HSBC 2 The Promenade Chellenham Gloucestershire GL50 1 LR
CIRENCESTER HOUSING FOR YOUNG PEOPLE TRUSTEES, REPORT Acom an Ilmited b uarantee and not havin share ca FOR THE YEAR ENDED 30 SEPTEMBER 2025 Rgsponslbllfties of the Trustee5 The Charity Trustees (who are also the directors of Cirenceslei Housing Fof Young People for the purposes of company lawl are responsible for preparing a Trustees, annual report and financial stslements in accordance with applicable law and United Kingdom Accounting Standards IUnf(ed Kingdom Generally Accepted Accounting Practice) Company law requires the Trustees lo prepare financial statements for each financial yearwhrh gNe a true and fair view ofthe state ofthe affairs of the Charitable Company as at the balance sheet date and of ils incoming resources and appIallOn of resources, including income and expendi(ure, for the financial yeaT. In preparing those financkgl 8talements, the board should follow best practi and.. select suitabte ac¢ounling policies and then appty them consislenlfy., observe the methods and principles in the applicable Charities SORP., make judgements and estimates that are reasonable and prudent., stste whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial slalements., prepare the financial statements on the going concern basis unless il is inappropriate lo presume that the Charty will continue in business. The Trustee5 are responsible for keeping proper accoLtnting records that disclose with reasonable accuracy at any time the financial position of the Charty and to enable them to ensure that the financial statements compty wrf(h the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence taking s8onable steps for the prevention and detection of fraud and other irregularf(ies. The Trustees are sponSible forthe maintenan and integrity of the corporate and financial information included on the Charitable Company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may drffer from legislation in olherjurisdictions. Approved by the Trustees on 22nd January 2026 and signed on its behaff by: Jane Gunner Secretary
INDEPENDENT EXAMINERS REPORT TO THE MEMBERS OF CIRENCESTER HOUSING FOR YO NG PEOPLE Acom Ilmlted b ntee and not havin hare ca I feport lo the Charity Trustees on my examination of the accounts of the Charitable company for the year ended 30 September 2025 which are sel out on pages 6 to 17. Rosponslbllitie5 and basis of report As the ChaTrty Trustees of the Company land also tts directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance wrth the requirements of the Companies Act 2006 {'Ihe 2006 Act'}. Having satisfied Myse that the accounts of the company are not required lo 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 Charities Act 2011 I'lhe 2011 Act'l. In carrying out my examination I hav8 followed the Directions given by the Charily Commission under section 14515llbl of the 2011 Act. Independent examinorfs 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 of Chartered Certrfied Accounlanls, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connectn wi(h the examination giving me cause to beli&ve that in any material respect.. accounting records were not kept in respect of the company as requirtd by section 386 of the 2006 Act., or the 8c¢ounls do not accord wbth those records., or the accounts do not Comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view, whh is not a matter considered as part of an independent examination., or the accounts have not been prepared in accordance wrth the methods and principles of the Statement of Recommended Practice for accounting and reporting by charrties apPIable to charities preparing their accounts in accordance with the Financial Reporting Standard appluble in the UK and Republic of Ireland IFRS 102} I have no concems and have wme across no other matters in connection with the examination to which allenlion should be drawn in this report in order lo enable a proper understanding of the accounts lo be reache(l. Namg.. k,/£ Ruth Herbert Relevant Professional quallflcation or body: FCCA Address.. Wenn Townsend Vlatermoor Point Watermoor Road Clrencester GL71LF Datg.. 27th January 2026
CIRENCESTER HOUSING FOR YOUNG PEOPLE Acom limlted b uarantee and not havin $harg ca STATEMENT OF FINANCIAL ACTIVITIES & INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 EPTEMBER 2025 Note Unrestrieted Restricted Funds Funds Total 2025 Total 2024 Incomo: Income from ggnerated funds Donations and grants Charitable activities Investment income Shop income 181,215 55,303 1,573 77,686 29,215 210,430 55,303 1,587 77,686 224,050 64,000 730 86,318 14 Total Income 315,777 29.229 345,006 375,098 Expgndlture: Charitable activities Shop expenditure Charitable expenditure Other costs 62,124 266,213 22,945 62,124 286,465 22,945 74,964 290,588 9.243 20,252 Total Expenditur8 351,282 20,252 371.534 374,795 Net Incorningl{Outgolng} Resources for the year {35,5051 8,977 126,5281 303 Transfers 3,200 13,2001 Net Movement in Funds 132.3051 5,777 {26,5281 303 Gain on disposal of flxed asset 167,400 167,400 Funds brought forward 333,547 15,575 349,122 348.819 Fun(S$ to bg carrled forward 468,642 21.352 489,994 349,122
CIRENCESTER HOUSING F R YOUNG PEOPLE Acom uarantee and not havin share ca BALANCE SHEET AS AT 30 SEPTEMBER 2025 Note 2025 024 FIXED ASSETS Tangible Assets 256,686 392,576 CURRENT ASS$ Debtors Cash al Bank 1,232 312,910 403 47.920 314,142 48,323 CREDITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 10 124.7091 124,6401 NET CURRENT ASSETS 289,433 23,683 CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR 11 (56,125) (67,1371 TOTAL ASSETS LESS CURRENT LIABILITIES 489,994 349,122 NET ASSETS FUNDS Unrestricted General Unreslricted Designated 268,642 200,000 333,547 Reslricled 21.352 15,575 489,994 349,122
CIRENCESTER HOUSING FOR YOUNG PEOPLE Acom an limited uarantee and not havin share ca BALANCE SHEET AS AT 30 SEPTEMBER 2 In approving these financial statements as Directors of the Company we hereby confirm.. {a} The Company is entitled to the exemption from audi( under Section 477lcl of the Companies Act 2006 for the year ended 30 September 2025. The Trustees have not required the Charitable Company to obtain an audit of (ts financial statement for the year ended 30 September 2025 in accordance wrth section 476 ofthe Companies Ad 2006. Ibl That we acknowledge our responsibiif(ies for. 111 ensuring that the Company keeps accounting records which comply with section 386 and 387 ofthe Companies Act 2006 and (2} preparing financial slalemenls which give a true and fair view of the slate of affairs of the Company as at the end of the financial year and of ils profil or loss for the year then ended in accordance wlh the r4uiremenls of section 394 and 395 and which otherwise comply with the provisions of the Companies Act 2006 relating lo financial statements. so far as applicable to the Charitable Company. These accounts have been prepared in accordance with the provisions applicable lo companies subject lo the small companies, regime and in accordance with FRS102 and the Charities SORP IFRS1021. The notes on the folbwing pages fomi part of these accounts. Those financ1 statements were approved and aulhorised for issue by the Trustees on 22nd January 2026 and signed on their behalf by". A R Johnson Chair of Trustoas Company Registration No. 13558425
CIRENCESTER HOUSING FOR Y NG PEOPLE an IlmSted b uaranteè and not havin share ca TES TO THE FINANCIAL STATEMEN FOR THE YEAR ENDED 30 SEPTEMBER 2025 1. ACCOUNTING POLICIES Basis of accounting The finaneial statements have been prepared in accordanc8 Wlth Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charitios preparing their accounts in accordance with the Financial Reporting Standard appli¢able in the UK and Republic of Ireland IFRS 1021- ICh8r(ties SORP IFRS 10211. Cirencester Housing for Young People Limited meets the definition of a public benefi( entity under FRS 102. Assets and liabilities are ini(18lly recognised al historical cost or transaction value unless otherwise stated in the relevant aceounting policy nolos. Fund accounting Unrestricted fvnds comprise those funds which the Trustees are free lo use in accordance with the Charitable objectives. Restricted funds are funds which have been given for particular purposes. Income All incoming resources are induded in the income and expendf(ure account when the Charity is enlilled to the income and the amount can be quanlrfied wi(h reasonable accuracy. The following specific policies are applied to particular categories income.. Rental income when due Donated Services and facilf(ies are included al the value lo the company where this can be quantified. The value of services provided by volunteers has not been included in these accounts. Investment income is inciuded when receivablo. enditure and irrecoverable VAT Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third paty, f( is probable that settlement will be required, and the amount of the obligation can be measured reliably. Expenditure is classrfied under the following aclivty headings.. Expenditure on charitable activf(ies includes the costs of delivering services & other actniilies together with their asswied support costs. Irrecoverable VAT is charged as 8 cost against the activity for which the expendl(ure was incurred. Cash al bank and in hand Cash at bank ancf cash in hand ineludes cash and short term highly liquid investments with a short murily of three months or $5 from the date of acquisf(ion or opening of the depos(t or similar account. Credf(ors and rovisions Credf(ors and provisions are recognised where the Company has a present obligation resulting from a past event Ihatwill probabty result in the Iransferof funds to a third paty and the amount due lo sellle the obligation can be measured or eslimated reliably. Creditors and provisions are nomially recognised at their settlement amount after allowing for any trade discounts due. al slalus of the Com an The Charity is a company limited by guarantee and has no share capital. In the event of the Charrty being wound up, the liability in respect of the guarantee is limited lo £1 per member of the Charity. The Charity is registered and incorporated in England and Wales and its registered address 15.. 29-31 Querns Lane. Cirencester. Glouceslershire, GL7 1RL
CIRENCESTER HOUSING FOR YOUNG PEOPLE Acom n limited b uarantee and not havin share ca NOTES TO THE FINANCIAL STATEMENTS OR THE YEAR ENDED O SEPTEMBER 2025 ubli¢ Benefit and concessiona loans The company considers itseK a public benefit entity as defined by FRS102 and accounts for concessionary loans al the amount received adjusted for interest, and repayments. De recialion Depreciation is provided on a slraighl-line basis from the dale of coming into Use over the estimated useful lives of the assets. Asset lives being used al 30 September 2025 are freehold property 50 years, other assets 5 years. Grants Taken to the appropriate account on an ac¢nJals basis. Funds The company's funds consist of unrestricted and restricted amounts. The company may use unrestricted amounts al its discretion. Reslricled funds represent income which is $tricted lo a particular purpose, in accordan wrth the donor's wishes. Designated funds are unrestricted funds set aside by the Committee out of unrestricted general funds for specific future purposes or projects. INCOME FROM CHARITABLE ACTIVITIES Unrestricted Funds Restricted Funds Total 2025 Tota 2024 Donations and grants Charitable activities housing inc Investment incomg Shop income 181,215 55,303 1.573 77,686 29.215 210,430 55.303 1,587 77.686 224,050 64,000 730 86,318 14 315.777 29,229 345.OC6 375,098 SHOP EXPENDITURE Unrestricted Funds Restricted Funds Total 2025 Tolal 2024 Shop expenditure Shop salaries 22,492 39,632 22,492 39,632 34,187 40,777 62,124 62,124 74,964 10
CIRENCESTER HOUSING FOR YO NG PEOPLE Acom an limited b uarantee and not havin share ca NOTES TO THE FINANCIAL STATEMENT R THE YEAR ENDED 30 EPTEMBER 2025 CHARITABLE ACTIVITIES Unrestrlcted Funds Rèstricted Funds Total 2025 Total 2024 Salary and expenses Council tax and water rates Insurance Repairs and maintenance Electricty and gas Television licence Cleaning Bad debts Printing, slalionery and telephone Staff recruitment, training and compliance Depreciation- equipment Depreciation - property Sundry expenses Tenant training Gifts to residents Fundraising expenditure Tenants fund expenditure Bank charges Mortgage interest 21X,380 6,240 8,663 9,237 6,628 173 1,192 9,670 5,603 1.290 206,380 6,240 8,663 10,137 6,628 173 1.192 9.670 5,603 1.290 199,956 6,861 7,650 19,256 12,430 241 919 15,988 4,488 1,053 900 109 8,181 1,329 109 8,181 1,329 256 12,581 3,005 52 20 20 19,352 1,318 180 1,008 2,927 486 1.430 19,352 1,318 180 266,213 20,252 286,465 290,588 EXPENDITURE Unrestricted Funds Restrlcted Funds Total 2025 Totsl 2024 Independent examiner fee Professional charges 3,400 19,545 3,400 19.545 3.250 5,993 22,945 22,945 9,243 11
CIRENCESTER HOUSING F R YOUNG PEOPLE Acom an limited b uarantee and not havin share ca NOTES TO THE FINANCIAL STATEMETrNS FOR THE YEAR ENDED 30 SEPTEMBER 2025 FIXED ASSETS Freehold Office and other e ui men Total Cost At01.10.24 Additions Disposal 642,587 84,475 727,062 {220,0001 {220,0001 AI 30.09.25 422,587 84,475 507,062 Depreciation at 01.10 2024 250.021 84,365 334.486 Charge fw year Disposal 8,181 192,400} 109 8,290 192,400) AI 30.09.25 165,902 84,474 250,376 Net Book Value At 30.09.25 256,685 256.686 At 30.09.24 392,566 110 392,576 MOVEMENTS IN FUNDS Gain on Funds at enditure dls osal of 30109125 £ flxed asset 2025 Bal blf n$feYs Restred funds Unrestricted 15,575 333,547 29,229 315,777 13,2001 3,200 {20.2521 1351,282) 21,352 468,642 167,400 Total funds 349.122 345,006 1371,5341 167,400 489,994 2024 Galn on ondlture disposal of £ fixed asset Funds at 30109124 Bal blf Incomg Transfers Restricted funds Unrestricted 363 348,456 34,434 340,664 13,2001 3,200 116,0221 {358,773) 15.575 333,547 348,819 375,098 (374,7951 349.122 12
CIRENCE TER HOUSING FOR YOUNG PEOPLE Acom 1Smited b uarantee and not havin share ca OTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 MOVEMENTS IN FUNDS 2025 Funds blfwd Income Ex enditure Transfer Gain on dis offixgd as Funds UnrgstrScted funds General fund Designated fund 333,547 315,777 {351,282) 1196,800} 167.400 268,642 200,000 200,000 Restricted funds Music Works Centrepoint Soho grant National Lottery Julia Rausing Trust Omaze SCreIX Jack Lane Trust Tenants fund Mortgage grant 15,123 111,581} {2,0001 (2,3301 12,9101 3,542 2,000 2,330 2,910 12,500 5,000 900 389 3.200 12.500 5,000 {900) {531} 452 310 13.2001 15,575 29,229 (20,252} 13.200} 21,352 Total funds 349.122 345,006 1371.5341 167,400 489.994 The Designated fund is money earmarked for the 8 bed unit to at Querns Lane development Music work grant made for speclfic music projects for residents CentrerNJint Soho grant for sidentS, rooms National Lottery Community Fund for client relationship and seThice management tool Julia Rau5ing Tnist Christma5 at CHYP Omaze for the Quems Lane new build Screwfix for a new ventilation system Jack Lane Trust for white goods Tenants fund is a specific grant to be spent on the tenants, needs Mortgage grant is provided lo help Cover the capital costs of paying the unrestricted mortgage. 13
CIRENCESTER HOUSING FOR YOUNG PEOPLE an Ilmlted b uarantee and not havln share ca NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 202S MOVEMENTS IN FUNDS- prloryear 2024 Funds bmwd Incom endlture Transfor Funds Unrestricted funds General fund 348.456 340,664 1358,773) 3,200 333,547 Restrlcted funds Music Works Wellbeing grant National Lottery Temperance Trust Cirencesler Gids Club Tenants fund Mortgage grant 22,917 500 4,083 220 500 3.014 3,200 17,794) 15001 {4,0831 12201 15001 12.9251 15.123 363 452 13.2001 363 34,434 116,0521 13,2001 15,575 Total fund5 348,819 375,098 1374,795) 349,122 Music work grant made for specific music prolects for residents Wellbeing grant to ald staff happiness National Lottery Community Fund for client relationship and service management tool Temperance Trust grant for resident activities Cirence5ter Girls 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 lo help cover th8 capital costs of paying the unrestricted mortgage. 14
CIRENCESTER HOUSING FOR YOUNG PEOPLE Acom Ilmlted b uaranteo and not havin share ca NOTES TO THE FINANCIAL STATEMENTS R THE YEAR ENDED 30 SEPTEMBER 2025 ANALYSIS OF NET ASSETS BETWEEN FUNDS 2025 General Fund Restrlcted Funds Total Funds 2025 Fixed assets 256.686 256,686 Current assets 304,670 9,472 314,142 Current liabilitS {24.7091 124,7091 Long lem liabilities 156,1251 156,1251 480,552 9,472 489.994 2024 Desi General Fund R stricted Funds Total Funds 024 Fixed assets 392,576 392,576 Current assets 32,748 15,575 48,323 Current liabilities 124,6401 124,640) Long lem) liabilities {67.1371 {67,137} 333,547 15,575 349,122 TAXATION As a charty, Cirencesler Housing for Young People is exempt from lax on income and gains falling within the Income Taxes Act 2007 section 524 to the extent that these are applied to its charitable objects. No tax charge5 have arisen in the Charity. DEBTORS 2025 2024 Debtors 1,232 403 15
CIRENCESTER HOUSING FOR YOUNG PEOPLE Acom limited b uarantee and not havin share ca ital NOTES TO THE FINANCIAL STATEMENTS OR THE YEAR ENDED 30 SEPTEMBER 2025 2025 2024 10 CREDITORS (AMOUNTS FALLING DUE WITHIN ONE YEAR} Creditors Socral Securty and PAYE Accruals and deferred income Bounce bank loan CDC loan secured on 29131 Quems Lane 7.366 2,800 4.000 6.979 3,564 4,330 2,746 4,000 10,000 3.564 24,709 24,640 11 LONG TERM LOAN HSBC bank boun back loan CDC loan Secured on 29131 Querns Lane 7,448 59,689 56.125 56,125 67.137 Repayable within one y8ar Repayable between and five years Repayable in five years or more 10,543 14,256 41.869 13,564 21,704 45,433 66.668 80.701 The loan which is from Cotswold District Council ICDCI is interesl-free and for a period of 25 years from February 2018. It IS secured on numbers 29 and 31 Querns Lane, ciren$1er. 12 CONCESSIONARY LOANS CDC loan secured on 29131 Querns Lane 59.689 13 SHARE CAPITAL The Company is limited by guarantee and does not have share capital. 14 FINANCIAL COMMITMENTS At the balance sheet dale the Company had made commitment5 of £nil lo pay disbursements in the following financial year. 15 CONTINGENT LIABILITIES There were no known contingent liabiltties at Ihe balance sheet date. 16 RELATED PARTY TRANSACTIONS There were no known material related paty transactions during the year. 16
CIRENCESTER HOUSING FOR YOUNG PEOPLE Acom an limited b uarantee and not havin share ca NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED EPTEMBER 2025 17 TRUSTEES RENUMERATION The Twstees received no remuneration or expenses during the period. 18 ANALYSIS OF STAFF COSTS AND THE COST OF KEY MANAGEMENT PERSONNEL 2025 2024 Wages and Salaries Social securty costs Other pension costs 232,785 7,927 5,300 226.183 8,580 5,970 246,012 240,733 Th8 average monthly number of employees during the period was as follows.. 2025 2024 Care and Direct service user provision 17 17 No employees reNed emoluments in excess of £60.000 The Charity has no key management personnel. This function being undertaken by the Trustees. 17