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2024-03-31-accounts

Charity registration number 281797

Company registration number 01547097 (England and Wales)

YOUNG GLOUCESTERSHIRE LIMITED

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

YOUNG GLOUCESTERSHIRE LIMITED

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr M. Sheridan Mr M. Moule Ms C. Stallard Mr S. McKeag Mr P. Holroyd Ms C. O'Donoghue Mr S. Titterton Mr G. Leon Mr J. Tabor (Appointed 24 October 2023) Ms S. Danson (Appointed 24 October 2023) Key Management Personnel

Chief Executive Officer Ms T. Clark
Chief Operating Officer Ms A. Wynn
Finance Manager Ms L. Howes
Senior Managers Mr T. Saunders
Ms E. Blakelock
Mr T. Jones
Ms I. Sime
Ms M Watkins
Mrs C Farman
Charity number 281797
Company number 01547097
Registered office The Old Dock Office
Commercial Road
Gloucester
Gloucestershire
GL1 2EB
Auditor Pitt Godden & Taylor LLP
Unit 3 Ambrose House
Meteor Court
Barnett Way
Barnwood
Gloucester
GL4 3GG
Bankers HSBC Bank plc
The Cross
Gloucester
GL1 2AP
Solicitors Willans LLP
28 Imperial Square
Cheltenham
Glos
GL50 1 RH

YOUNG GLOUCESTERSHIRE LIMITED

LEGAL AND ADMINISTRATIVE INFORMATION

Investment advisors Crowe Financial Planning UK Ltd St James's House St James's Square Cheltenham Gloucestershire GL50 3PR Investment advisors LGT Wealth Management LLP 14 Cornhill London EC3V 3NR

YOUNG GLOUCESTERSHIRE LIMITED

CONTENTS

Page
Trustees' report 1 - 10
Statement of trustees' responsibilities 11
Independent auditor's report 12 - 14
Statement of financial activities 15
Balance sheet 16
Statement of cash flows 17
Notes to the financial statements 18 - 40

YOUNG GLOUCESTERSHIRE LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2024

The trustees present their annual report and financial statements for the year ended 31 March 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".

Objectives and activities

Young Gloucestershire ("YG") is a countywide youth work charity in Gloucestershire.

The objectives, for which the charity was established, as described in its governing document, are: ‘helping young people to develop their physical, mental and spiritual capabilities or to provide such other help and support to young people as the Trustees see fit, including the relief of poverty, the advancement of education, the advancement of health, the advancement of citizenship and community development, the advancement of the arts, culture, heritage or science, the advancement of amateur sport, the advancement of human rights, the advancement of equality and diversity, the relief of those in need by reason of youth, age, ill-health, disability or other disadvantage, and such other purposes recognised from time to time by law as charitable.’

This can be summed up in the phrase ‘inspiring young people’.

YG's Vision is:

For young people to have the confidence, motivation and skills to improve their lives.

Our Mission:

We work to achieve this vision by creating opportunities that educate, inform, and inspire by;

Our Values:

Young Gloucestershire is the local association for both UK Youth and the countywide delivery partner for Prince’s Trust Teams.

How Young Gloucestershire's activities deliver public benefit

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

The charity aims to create opportunities that educate, help and inspire young people. The projects are targeted to help any young person in need with no discrimination regarding race, background, education or ability.

No charge is made to the young people being assisted, a fee may be charged to another organisation.

Young Gloucestershire's areas of work in 2023/24 focused on supporting young people’s mental health challenges, gain the skills needed to find meaningful employment, support those on the edges of the criminal justice system, and to wrap around and support the whole family unit. Over this period, we have continued our growth and developed several new services to respond to the needs of young people in the county.

There continues to be a specific focus on our mental health services and support for young people to re-engage in education, as well as mentoring programmes aimed at young people who are considered at risk.

YOUNG GLOUCESTERSHIRE LIMITED

TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2024

YOUNG GLOUCESTERSHIRE LIMITED

TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2024

Items of note in the 2023\24 period were:

YOUNG GLOUCESTERSHIRE LIMITED

TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2024

YOUNG GLOUCESTERSHIRE LIMITED

TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2024

Education and Development Highlights

Our highlights include the further development of 1-to-1 support for young people through our Transition Chat, Steps and Evolve projects which work to re-engage young people back into education or find successful pathways once they have completed school.

We have also increased our support for NEET young people through our YG Hub, Apprenticeships, Rise and ESHO projects to help them seek meaningful employment.

Our Team programme continues to offer a pathway for NEET young people to develop their skills and move to EET status, and we have also introduced housing support and environmental elements to our work with NEET young people to help them find their way forward.

Community and Mentoring Highlights

Our highlights for this department include the expansion of our work in drugs and alcohol support for young people between the ages of 11-25.

We have successfully secured the future of our Canine Assisted Intervention work that sees two therapy dogs work with young people with low level anxiety and includes the chance to work towards a pet care qualification.

We have increased our support to include mentoring within the Tewkesbury district and offer county wide 1-to-1 support to young people experiencing Online Harms.

Therapeutic Services Highlights

Highlights for Therapeutic Services include the introduction of a Group work programme seeking to reduce the CAMHS waiting list and provide timely support to young people through group intervention.

We have successfully piloted and extended our Bluebells programme which provides early intervention Mental health support to young people and is in partnership with Cheltenham and Forest of Dean primary care networks.

Our biggest highlight of the year was launching our programme with Gloucester Hospital Project that helps support young people admitted to hospital facing challenges with mental health and provides one to one youth work and community support on returning home. The programme has already had a massive impact on the ward with improved outcomes for young people

Fundraising

This year was a stable year for Young Gloucestershire, with existing contracts renewed or extended and several new contracts secured. We are pleased that at a time of high need, the charity has continued to be able to expand in response to the demand in the community.

Young Gloucestershire employs a Head of Income Generation, Communications and Data, one full-time Fundraising Manager whose primary focus is applying for grants from charitable foundations and running fundraising events, and one part-time Business Development Manager who oversees research, contracts and tendering.

The Head of Income Generation, Communications and Data is responsible for developing corporate relationships, high net worth donors, and working strategically with the CEO on statutory contracts and tenders.

We also have an online giving page and a text donate number. Aside from employees of our corporate partners, we do not use any third parties to fundraise on our behalf.

Any voluntary regulated scheme binds none of the fundraising undertaken.

If a fundraising event is organised on behalf of YG, information on how to do this is provided on our website, but this activity needs to be monitored. We have received no complaints regarding fundraising.

The expectation for 24/25 is to continue nurturing corporate relationships to drive unrestricted funding income, develop the fundraisers of the future from our previous service users, and continue developing and diversifying our streams of income.

There will also be a need to secure capital funding to allow us to contribute to the future building strategy for YG.

YOUNG GLOUCESTERSHIRE LIMITED

TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2024

Financial review

Young Gloucestershire's financial performance remained strong. The financial results for 2023/24 include Infobuzz which was acquired by Young Gloucestershire on 28[th] October 2023.

Total income was £3,146,840 (2023: £2,316,692) Expenditure for the year was £2,872,268 (2023: £2,286,534); We aim for full cost recovery wherever possible but certain projects will never be self-supporting, so we look to diversify income streams to cover shortfalls in those activities which form an essential part of the charity's aims and objectives.

A total of £94,561 (2023: £74,821) has been transferred from the unrestricted fund to the restricted fund in this financial year. The total net income for the year was £309,609 (2023: £24,985). This leaves the charity with general unrestricted funds of £941,159, designated funds of £635,525 and restricted funds of £714,779.

Reserves policy

The trustees have a policy to hold in liquid free reserves, (as net cash and readily available investments) an approximate sum required for continuing the operation of the charity for three to six months. The trustees are of the opinion that an appropriate level of liquid free reserves would be in the range of £380,000 - £750,000. This would give time, in the event of a curtailment in income, for further funding to be secured.

At the year end, the charity was holding as net current assets a sum of £598,543 of which £35,009 were restricted and so unavailable for general use. This leaves the charity with liquid free reserves of £563,534. The charity is therefore meeting its objectives.

The long term creditor represents the mortgage and is secured on the property. For this reason, both are excluded from liquid free reserves.

Principal funding sources

The financial statements detail the sources of funds available to the charity.

Incoming resources which warrant a separate mention are as follows:

The charity has also received funding from a variety of other sources including:

Four Acre Trust Pets Foundation Masonic Charitable Foundation Nationwide Building Society The Notgrove Trust OPCC BBC Children In Need ILP Tewkesbury ILP Cotswolds Ernest Cook St James' Place Charitable Foundation GCC Levelling Up Tewkesbury Borough Council Waite and Hayward

All of whom provide funding to enable the charity to carry out its charitable objectives.

YOUNG GLOUCESTERSHIRE LIMITED

TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2024

Investment policy

Young Gloucestershire investments are managed on our behalf by LGT Wealth Management LLP. The figures below do not include Treasury Management funds.

Investments are distributed in various asset classes, the details of which are included below. The Investment Committee sets the overall performance and ethical parameters under which our investment managers operate.

The primary objectives of our investment portfolio are to:

The total return on our portfolio over the financial year was a positive return of 22%.

The distribution of investments as of 31st March 2024 was:

UK Corporate 7%
Oversea Corporates 26%
Global Equities 38%
North America 6%
Asia 7%
Alternatives/Cash 16%.

The trustees have declared that the charity will not directly invest in armaments, tobacco, or pornography.

Risk assessment

The trustees and staff assess on an on-going basis the significant risks to which the charity is exposed, in particular those related to the operations and finances of the charity and to the health and safety of its employees and the public. In doing so the board of trustees has created a risk register that brings all the risks from across the organisation together and highlights the key risks for the organisation.

The current top risks for the organisation are:

The following strategies have been put in place:

Recruitment of Appropriate Skillsets – Over recent years YG has found it needs a wider and more varied skillsets to deliver the services we deliver. The services we deliver are reliant on the skillset of the staff delivering these services. YG has been widening the range of qualifications it seeks and exploring the development opportunities available to the team to ensure we can meet these needs. As the organisation is growing, we are diversifying our skills and this is having a positive impact.

YOUNG GLOUCESTERSHIRE LIMITED

TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2024

Plans for future periods

Our plans for the future are to continue developing services that meet the emerging needs, themes, and trends we see among the young people we serve. This includes developing programmes of support that continue to wrap around a young person and their family, supporting those at risk of school exclusion, those impacted by modern-day harms, and refugees and asylum-seeking young people.

We are also continuing to upskill and empower our workforce to be specialised youth workers, with the aim to introduce a recognised level 3 youth work qualification.

We plan to develop and improve our systems and processes for managing data and programme delivery, which will lead to operational efficiency and transparency across the organisation.

Structure, governance and management

The charity's registered office and registration numbers are recorded under legal and administration information. The charity is a charitable company with no share capital and is limited by guarantee. The governing documents of the charity are the Memorandum and Articles of Association.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mr M. Sheridan Mr M. Moule Ms C. Stallard Mr S. McKeag Mr P. Holroyd Ms C. O'Donoghue Mr S. Titterton Mr A. Mulla (Resigned 6 September 2023) Mr G. Leon Mr J. Tabor (Appointed 24 October 2023) Ms S. Danson (Appointed 24 October 2023)

All trustees give their time voluntarily and receive no benefits from the charity. There were no expenses claimed by trustees during the year.

The Board of Trustees has a wide range of specialist skills and experiences which include:

New trustees are selected by recommendations for their experience to fill skills gaps, or through advertisement and an open recruitment round.

New trustees are introduced to the managers and staff by the Chief Executive and spend time getting to know the activities of each department during their induction as well as visiting programmes and projects.

None of the trustees has any beneficial interest in the company.

YOUNG GLOUCESTERSHIRE LIMITED

TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2024

The Board of Trustees oversees Young Gloucestershire’s programmes and services in order to ensure Young Gloucestershire meets its objectives, strategic plan and legal requirements.

The Board of Trustees is responsible for setting the strategic direction of the organisation and delegates the implementation of this policy to the Chief Executive and managers. This delegation is kept under review through regular board meetings. The trustees receive reports, department’s performance against planned targets and financial reporting ahead of the formal Board Meetings.

The organisation has a range of policies and procedures appropriate to the range of work, responsibilities and legal regulations including:

Organisational structure

The charity employs a CEO who manages the organisation, she is supported by the COO and senior management team who have specific area focuses.

How decisions are made

The board of trustees delegate the day to day responsibility of operations to the CEO and senior management team. The trustees undertake a strategic review periodically and this was completed during the financial year. This sets the direction and parameters of the work. Trustees meet bi monthly to review progress against priorities set and ensure the organisation is compliant. In addition finance committee meetings are held monthly.

The senior management team meet monthly to review progress and set the direction and focus to achieve the strategy.

Remuneration policy

Young Gloucestershire has a staff salary structure, and roles are analysed against this.

The trustees each year make the decision for the whole organisation in relation to a cost of living pay rise based on the current market situation. A cost of living pay rise was agreed in January 2024 and will be implemented for April 2024.

The board of trustees sets the salary of the CEO and COO.

Partnerships in the wider community

Young Gloucestershire is active in numerous local county, regional and national partnerships including:

Auditor

In accordance with the company's articles, a resolution proposing that Pitt Godden & Taylor LLP be reappointed as auditor of the company will be put at a General Meeting.

YOUNG GLOUCESTERSHIRE LIMITED

TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2024

Disclosure of information to auditor

Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

The trustees' report was approved by the Board of Trustees.

Mr M. Sheridan

Dated: 15 October 2024

YOUNG GLOUCESTERSHIRE LIMITED

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 MARCH 2024

The trustees, who are also the directors of Young Gloucestershire Limited for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the trustees are required to:

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

YOUNG GLOUCESTERSHIRE LIMITED

INDEPENDENT AUDITOR'S REPORT

TO THE MEMBERS OF YOUNG GLOUCESTERSHIRE LIMITED

Opinion

We have audited the financial statements of Young Gloucestershire Limited (the ‘charity’) for the year ended 31 March 2024 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

YOUNG GLOUCESTERSHIRE LIMITED

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF YOUNG GLOUCESTERSHIRE LIMITED

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report included within the trustees' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the statement of trustees' responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud, and non-compliance with laws and regulations, was as follows:

• We identified the laws and regulations relevant to the charity from discussions with the board and the finance team. The laws that we consider may have a direct material effect on the financial statements or the operation of the charity include the Charities Act 2011, the Companies Act 2006, employment. health and safety, and data protection.

• We ensured that the audit engagement team collectively has the appropriate competence, capabilities and skills to identify non-compliance with the applicable laws and regulations noted above.

• We assessed the extent of compliance with these laws and regulations through enquiries with the trustees and members of the finance committee and inspecting legal costs, and assessing any correspondence with the charity commission over the year.

We assessed the susceptibility of the charity’s financial statements to material misstatement, including obtaining an understanding of how fraud may occur, by:

• making enquiries of management as to where they considered there was susceptibility to fraud, and their knowledge of any actual, suspected and alleged fraud;

• assessing and testing the internal controls in place to mitigate fraud risks and non-compliance with laws and regulations.

YOUNG GLOUCESTERSHIRE LIMITED

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF YOUNG GLOUCESTERSHIRE LIMITED

To address the risk of fraud through management bias and override of controls, we:

• assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias;

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the trustees and other management and the inspection of regulatory and legal correspondence, if any.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: http://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Nicholas J Bishop FCCA ACA (Senior Statutory Auditor) for and on behalf of Pitt Godden & Taylor LLP

16 October 2024

Chartered Accountants Statutory Auditor

Unit 3 Ambrose House Meteor Court Barnett Way Barnwood Gloucester GL4 3GG

YOUNG GLOUCESTERSHIRE LIMITED

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2024

Unrestricted
Restricted
funds
funds
Notes
£
£
Income from:
Donations and legacies
3
410,290
611,506
Charitable activities
4
2,064,503
-
Activities for generating funds
5
35,210
-
Investments
6
20,435
4,896
Total income
2,530,438
616,402
Expenditure on:
Raising funds
7
235,501
91,131
Charitable activities
8
1,859,262
686,374
Total resources expended
2,094,763
777,505
Net gains/(losses) on investments
15
24,282
10,755
Net incoming/(outgoing) resources before
transfers
459,957
(150,348)
Gross transfers between funds
(94,561)
94,561
Net income/(expenditure) and net movement in funds
365,396
(55,787)
Fund balances at 1 April 2023
1,211,288
770,566
Fund balances at 31 March 2024
1,576,684
714,779		 Total
2024
£
1,021,796
2,064,503
35,210
25,331
3,146,840
326,632
2,545,636
2,872,268
35,037
309,609
-
309,609
1,981,854
2,291,463		 Total
2023
£
597,962
1,672,968
39,516
6,246
2,316,692
242,798
2,043,736
2,286,534
(5,173)
24,985
-
24,985
1,956,869
1,981,854

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

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

YOUNG GLOUCESTERSHIRE LIMITED

BALANCE SHEET

AS AT 31 MARCH 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 17 1,249,793 1,208,648
Investments 18 560,444 474,447
1,810,237 1,683,095
Current assets
Debtors 20 484,268 567,785
Cash at bank and in hand 1,351,199 943,515
1,835,467 1,511,300
Creditors: amounts falling due within
one year 22 (1,236,924) (1,075,910)
Net current assets 598,543 435,390
Total assets less current liabilities 2,408,780 2,118,485
Creditors: amounts falling due after
more than one year 23 (117,317) (136,631)
Net assets 2,291,463 1,981,854
Income funds
Restricted funds 26 714,779 770,566
Unrestricted funds
Designated property funds 27 635,525 642,162
General unrestricted funds 941,159 569,126
1,576,684 1,211,288
2,291,463 1,981,854

The financial statements were approved by the Trustees on 15 October 2024

Mr M. Sheridan Ms C. Stallard Trustee Trustee Company Registration No. 01547097

YOUNG GLOUCESTERSHIRE LIMITED

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024

Notes
Cash flows from operating activities
Cash generated from/(absorbed by)
operations
32
Investing activities
Purchase of tangible fixed assets
Purchase of investments
Proceeds from disposal of investments
Investment income received
Net cash used in investing activities
Financing activities
Repayment of bank loans
Net cash used in financing activities
Net increase/(decrease) in cash and cash
equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2024
£
£
545,816
(89,000)
(65,014)
17,014
17,658
(119,342)
(18,790)
(18,790)
407,684
943,515
1,351,199		 2023
£
£
(293,979)
(82,913)
(460,980)
-
6,246
(537,647)
(18,162)
(18,162)
(849,788)
1,793,303
943,515

YOUNG GLOUCESTERSHIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

Charity information

Young Gloucestershire Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is The Old Dock Office, Commercial Road, Gloucester, Gloucestershire, GL1 2EB.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Designated funds are funds set aside by the directors out of unrestricted general funds for specific future purposes or projects.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Secondments are quantified in the Statement of Financial Activities by reference to the salary scales of the entity providing the secondees. Gifts of assets are included in the Statement of Financial Activities at the fair value of the donated asset at the time of donation.

YOUNG GLOUCESTERSHIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

When donors specify that amounts given to the charity must be used in future accounting periods, the income is deferred until those periods.

When donors impose conditions which have to be fulfilled before the charity becomes entitled to use such income, the income is deferred and not included in incoming resources until the preconditions for use have been met.

When donors specify that donations and grants are for particular restricted purposes, which do not amount to preconditions regarding entitlement, this income is included in incoming resources of restricted funds when receivable.

Grants from the Government and other agencies have been included as income from activities in furtherance of the charity's objects on an accruals basis where these amount to a contract for services.

1.5 Expenditure

Resources expended are included in the Statement of Financial Activities on an accruals basis. Inclusive of any VAT, that cannot be recovered.

Governance costs include those incurred in the governance of the charity and in connection with the administration of the charity and compliance with constitutional and statutory requirements.

Support costs are those costs incurred directly in support of expenditure and have been allocated to activity cost categories on the basis of staff time or usage per capita.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings 50 years straight line, windows - 15 years straight line Fixtures and fittings 5 years and 8 years straight line Computers 4 years straight line Motor vehicles 4 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

1.8 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

YOUNG GLOUCESTERSHIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.10 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.11 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

YOUNG GLOUCESTERSHIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

YOUNG GLOUCESTERSHIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

3 Donations and legacies

Unrestricted
Restricted
funds
funds
£
£
Donations and gifts
410,290
-
Charitable grants
-
611,506
410,290
611,506
For the year ended 31 March 2023
152,141
445,821
Donations and gifts
Transfer from Infobuzz
246,727
-
Other
163,563
-
410,290
-
Grants receivable for core activities
Spirax Sarco
-
5,000
St James's Place Foundation
-
40,393
Tewkesbury CIF
-
-
Four Acre Trust
-
22,021
OPCC
-
64,042
The Notgrove Trust
-
1,826
Peter Cruddas Foundation
-
-
Pets Foundation
-
34,650
Dulverton Power up
-
10,740
CHK Foundation
-
70,489
National Grid
-
-
The D'oyly Carte Charitable Trust
-
-
Cotswold ILP
-
42,437
Tewkesbury ILP
-
26,584
Henry Smith
-
19,790
Waite & Hayward
-
6,670
Youth Endowment Fund
-
-
Gloucester City Council
-
-
The Julia and Hans Foundation
-
10,000
The Clive Richards Foundation
-
-
Gloucestershire County Council
-
115,713
National Lottery - Awards for All
-
-
Masonic Charitable Foundation
-
27,500
Ernest Cook
-
35,742
Nationwide Community Grant
-
17,850
Children in Need
-
26,036
Cheltenham Borough Council
-
9,789
Tewkesbury Borough Council
-
7,361		 Total
2024
£
410,290
611,506
1,021,796
246,727
163,563
410,290
5,000
40,393
-
22,021
64,042
1,826
-
34,650
10,740
70,489
-
-
42,437
26,584
19,790
6,670
-
-
10,000
-
115,713
-
27,500
35,742
17,850
26,036
9,789
7,361		 Total
2023
£
156,677
441,285
597,962
597,962
-
156,677
156,677
5,000
16,355
50,000
10,000
78,363
22,973
10,450
-
21,480
76,635
10,000
4,000
-
7,000
-
-
1,415
132
-
5,000
67,227
10,224
-
24,167
-
-
-

YOUNG GLOUCESTERSHIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

3
Donations and legacies
Other Charitable foundations
4
Charitable activities		 -
-		 16,873
611,506		 (Continued)
16,873
20,864
611,506
441,285		 (Continued)
16,873
20,864
611,506
441,285
441,285
Sales within charitable activities
Analysis by fund
Unrestricted funds
Restricted funds
For the year ended 31 March 2023
Unrestricted funds
Restricted funds		 Community Development
Team
Other income
£
£
£
1,463,154
595,275
6,074
1,463,154
595,275
6,074
-
-
-
1,191,829
444,119
15,925
19,271
875
-
1,211,100
444,994
15,925		 Total
2024
£
2,064,503
2,064,503
-		 Total
2023
£
1,672,968
1,652,822
20,146
1,652,822
20,146
1,672,968

5 Activities for generating funds

Service charges to Infobuzz Limited
Income from investments
Unrestricted
Restricted
funds
funds
2024
2024
£
£
Income from listed
investments
2,975
4,896
Interest receivable
17,460
-
20,435
4,896		 Total
Unrestricted
funds
2024
2023
£
£
7,871
1,444
17,460
3,840
25,331
5,284		 2024
£
35,210
Restricted
funds
2023
£
962
-
962		 2023
£
39,516
Total
2023
£
2,406
3,840
6,246

6 Income from investments

YOUNG GLOUCESTERSHIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

7 Raising funds

Unrestricted
Restricted
funds
funds
£
£
Fundraising and publicity
Staff costs
133,639
48,870
Support costs
97,642
39,091
Fundraising and publicity
231,281
87,961
Governance costs
Support costs
1,184
442
Investment management fees
3,036
2,728
235,501
91,131
For the year ended 31 March 2023
Fundraising and publicity
175,116
63,395
Allocated Governance costs
2,299
721
Investment management fees
636
631
Total Fundraising and publicity
178,051
64,747		 Total
2024
£
182,509
136,733
319,242
1,626
5,764
326,632		 Total
2023
£
142,777
95,734
238,511
3,020
1,267
242,798
238,511
3,020
1,267
242,798

YOUNG GLOUCESTERSHIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

8 Charitable activities

Community Development
Team
£
£
Staff costs
806,733
632,246
Direct : Other staff costs
37,068
33,471
Direct expenses
78,915
95,208
Premises costs
86,811
-
1,009,527
760,925
Grant funding of activities (see note 10)
-
-
Share of support costs (see note 11)
424,570
341,395
Share of governance costs (see note 11)
5,204
4,015
1,439,301
1,106,335
Analysis by fund
Unrestricted funds
1,189,484
669,778
Restricted funds
249,817
436,557
1,439,301
1,106,335
For the year ended 31 March 2023
Unrestricted funds
933,568
584,248
Restricted funds
255,092
270,828
1,188,660
855,076		 Total
2024
£
1,438,979
70,539
174,123
86,811
1,770,452
-
765,965
9,219
2,545,636
1,859,262
686,374
2,545,636		 Total
2023
£
1,125,711
57,617
182,281
72,633
1,438,242
27,500
560,885
17,109
2,043,736
1,517,816
525,920
2,043,736

YOUNG GLOUCESTERSHIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

9 Description of charitable activities

Community

Working across the community providing mental health and well-being support

YOUNG GLOUCESTERSHIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

9 Description of charitable activities

(Continued)

Development Team

Provides a range of education development opportunities for young people:

10 Grants payable

North Cotswold Food Bank
Severn Wye
GL3 Hub
Tewkesbury Foodbank
Citizens Advice
Tewkesbury Citizens Advice
Priors Park Neighbourhood Project
Mindsong
Caring for Communities and People		 Community
2024
2023
£
£
-
2,250
-
4,000
-
2,250
-
4,500
-
3,000
-
1,500
-
3,000
-
4,000
-
3,000
-
27,500

Community

In 2023 Young Gloucestershire received a grant of £50,000 from the NHS Integrated Care Board in order to enable support for individuals, households, accessing services in the Tewkesbury locality. Part of this included grants to assist with cost-of-living pressures. Young Gloucestershire were required to pay out grants to recipients specified in the grant agreement. These are listed above. Young Gloucestershire also received funds to assist with those projects or alternatively any other projects meeting the criteria.

YOUNG GLOUCESTERSHIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

11 Support costs

Staff costs
Depreciation
Other staff costs
Office costs
Premises costs
Marketing costs
Finance costs
Audit fees
Other governance costs
Analysed between
Fundraising
Charitable activities		 Support
costs
Governance
costs
£
£
530,740
-
47,855
-
61,423
-
205,133
-
41,753
-
9,380
-
6,414
-
-
9,904
-
941
902,698
10,845
136,733
1,626
765,965
9,219
902,698
10,845		 2024
£
530,740
47,855
61,423
205,133
41,753
9,380
6,414
9,904
941
913,543
138,359
775,184
913,543		 2023 Basis of allocation
£
415,196 Actual staff costs
43,864 Use of assets
34,222 Proportion of staff costs
150,067 Proportion of staff costs
(119) Proportion of staff costs
6,235 Proportion of staff costs
7,154 Proportion of staff costs
7,501 Governance
12,628 Governance
676,748
98,754
577,994
676,748

Included in finance costs is interest payable on the bank loan of £4,113 (2023: £4,741).

Governance costs includes payments to the auditors of £7,501 (2023: £7,501) for audit fees. A further £8,924 (2023: £7,718) was paid to the auditors in respect of non- audit services - other financial services

12 Net movement in funds 2024 2023
£ £
The net movement in funds is stated after charging/(crediting):
Fees payable for the audit of the charity's financial statements 7,501 7,501
Depreciation of owned tangible fixed assets 47,855 43,864

13 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

The charity paid the balance of £nil (2023: £59) for trustee liability insurance.

YOUNG GLOUCESTERSHIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

14 Employees

Number of employees

The average monthly number of employees during the year was:

Charitable activities
Generating funds
Employment costs
Wages and salaries
Social security costs
Other pension costs		 2024
Number
82
2
84
2024
£
1,936,495
164,057
51,676
2,152,228		 2023
Number
69
2
71
2023
£
1,514,131
131,273
38,280
1,683,684

The number of employees whose total employee benefits for the reporting period fell within each band of £10,000 from £60,000 onwards are shown below:

Remuneration band between £60,000- £70,000
Gains and losses on investments
Unrestricted
Restricted
funds
funds
2024
2024
Gains/(losses) arising on:
£
£
Revaluation of
investments
24,770
10,755
Sale of investments
(488)
-
24,282
10,755		 2024
Number
1
Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
35,525
(3,501)
(1,672)
(488)
-
-
35,037
(3,501)
(1,672)		 2023
Number
1
Total
2023
£
(5,173)
-
(5,173)

15 Gains and losses on investments

16 Taxation

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.

YOUNG GLOUCESTERSHIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

17
Tangible fixed assets
Freehold land
and buildings
Fixtures and
fittings
£
£
Cost
At 1 April 2023
1,171,040
40,544
Additions
69,396
-
Disposals
-
-
At 31 March 2024
1,240,436
40,544
Depreciation and impairment
At 1 April 2023
29,967
17,190
Depreciation charged in the year
19,291
7,114
Eliminated in respect of disposals
-
-
At 31 March 2024
49,258
24,304
Carrying amount
At 31 March 2024
1,191,178
16,240
At 31 March 2023
1,141,073
23,354		 Computers
£
25,403
9,604
-
35,007
11,652
6,351
-
18,003
17,004
13,751		 Motor
vehicles
£
74,066
10,000
(4,000)
80,066
43,596
15,099
(4,000)
54,695
25,371
30,470		 Total
£
1,311,053
89,000
(4,000)
1,396,053
102,405
47,855
(4,000)
146,260
1,249,793
1,208,648

Freehold land and buildings with a carrying amount of £1,191,178 (2023 - £1,141,073) have been pledged to secure borrowings of the charity. The charity is not allowed to pledge these assets as security for other borrowings or to sell them to another entity.

YOUNG GLOUCESTERSHIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

18 Fixed asset investments

Valuation
At 1 April 2023
Additions
Valuation changes
Disposals
At 31 March 2024
Carrying amount
At 31 March 2024
At 31 March 2023
19
Financial instruments
Carrying amount of financial assets
Debt instruments measured at amortised cost
Equity instruments measured at fair value through the Statement of Financial
Activities
Carrying amount of financial liabilities
Measured at amortised cost
20
Debtors
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income		 Listed
investments
£
474,447
67,972
35,526
(17,501)
560,444
560,444
474,447
2024
2023
£
£
420,956
456,344
560,444
474,447
1,313,255
1,180,682
2024
2023
£
£
289,633
455,481
131,323
863
63,312
111,441
484,268
567,785

YOUNG GLOUCESTERSHIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

21 Loans and overdrafts

Loans and overdrafts
Bank loans
Payable within one year
Payable after one year
Amounts included above which fall due after five years:
Payable by instalments		 2024
£
136,770
19,453
117,317
34,415		 2023
£
155,560
18,929
136,631
54,938

The long-term loans are secured by a debenture comprising fixed and floating charged over all assets and undertakings, including all present and future freehold and leasehold property, book and other debts, chattels, goodwill, uncalled capital, both present and future, together with a first legal mortgage over the freehold property known as 1 Dock Office, Commercial Road, Gloucester.

The loan term is 10 years from the date of drawdown. The loan is repayable in monthly instalments with a fixed interest rate of 2.87% for the first 5 years. The interest rate will then revert to 2.72% over the base rate for the remaining term.

22 Creditors: amounts falling due within one year

22
Creditors: amounts falling due within one year
Notes
Bank loans
21
Other taxation and social security
Trade creditors
Other creditors and deferred income
Accruals
23
Creditors: amounts falling due after more than one year
Notes
Bank loans
21		 2024
£
19,453
40,986
41,803
1,043,993
90,689
1,236,924
2024
£
117,317		 2023
£
18,929
31,859
61,098
884,065
79,959
1,075,910
2023
£
136,631

YOUNG GLOUCESTERSHIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

24 Deferred income

Deferred income is included in the financial statements as follows:

Current liabilities
Balance at 1 April 2023
Amounts released to incoming resources
Amounts deferred in the year
Balance at 31 March 2024		 2024
£
1,041,133
1,041,133
£
873,670
(873,670)
1,041,133
1,041,133		 2023
£
873,670
873,670

YOUNG GLOUCESTERSHIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

24 Deferred income

(Continued)

Amounts deferred at 31 March 2024 were:
NHS CCG - Project administrator
Children In Need
Pets Foundation
The Not Grove Trust
Nationwide - Homestart Bright Start
Gloucestershire County Council - Online Modern Harm
Gloucestershire County Council - Transition Chat
Gloucestershire County Council - SEMH
Gloucestershire County Council - S-19 Mentoring provision
Gloucestershire County Council - Ignite
Gloucestershire County Council - HAF Easter 2024
Gloucestershire County Council - Evolve
Gloucestershire Community Foundation
Tewkesbury Borough Council- Mentoring
Henry Smith - Hidden Victims
CHK - Mentoring
CHK - GMP Youth Worker
Ernest Cook Trust -Environmental
Spirax Sarco
St James's Place Charitable Trust
Bridge Builders - Full Circle
Big Lottery - Parental Mental Health
NHS CCG - Group Work
NHS CCG - Tewkesbury Flex
NHS CCG - YAS Youth Support
NHS CCG Waiting List reduction
NHS CCG - Fusion
NHS CCG - Bluebells
NHS CCG - GRH Paediatrics ward
ILP Cotswold - Cotswold Chat
Waite & Hayward - Transgender
Others
25
Retirement benefit schemes
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes		 £
1,800
11,550
10,000
17,850
82,834
70,000
29,583
18,360
8,910
8,958
85,274
4,375
44,695
21,710
19,828
20,000
15,000
5,000
39,196
20,616
24,750
102,605
1,324
50,107
25,000
45,000
13,375
213,364
16,676
6,662
6,731
1,041,133
2024
2023
£
£
51,676
38,280

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

YOUNG GLOUCESTERSHIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

26 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

Movement in funds Movement in funds
Balance at 1 Incoming Resources Transfers Gains and Balance at 31
April 2023 resources expended losses March 2024
£ £ £ £ £ £
Community -
Schools &
Community - 32,641 (34,745) 2,104 - -
Community -
Transgender - 19,170 (31,036) 11,866 - -
Community -
Environmental - 35,742 (32,188) - - 3,554
Community -
Tewkesbury
Mentoring - 1,305 (1,894) 589 - -
Community - Awards
for all 1,041 - - - - 1,041
Community - Music
Project 289 - - - - 289
Community -
Cotswold Chat - 42,437 (42,452) 15 - -
Community - Go the
Extra Mile - - (55) 55 - -
Community - YG
Hub 15,000 (55,428) 40,428 - -
Community -
Wellbeing 1,084 - - - - 1,084
Community -
Linkchat SJP 29,976 (32,131) 2,155 - -
Community -
EmpowHer 80 - - - - 80
Community - HLF 2,509 - - - - 2,509
Community - My Life
My Plan 628 - - - - 628
Community -
PowerUp - 10,740 (8,200) - - 2,540
Community - Bloom - 9,789 (6,595) - - 3,194
Community - Hidden
Victims - 29,710 (43,193) 13,483 -
Community - Drugs
and Alcohol - 12,500 (16,780) 4,280 - -
Community - Mental
Health - 4,375 (7,654) 3,279 - -
Development -
ExChange 12,683 34,167 (38,277) - - 8,573
Development -
Sporting Chances 1,128 - - - - 1,128
Development - Full
Circle - 79,547 (79,617) 70 - -

YOUNG GLOUCESTERSHIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

26 Restricted funds (Continued)
Balance at 1 Incoming Resources Transfers Gains and Balance at 31
April 2023 resources expended losses March 2024
£ £ £ £ £ £
Development - Bus
Funds 2,197 (1,533) - - 664
Development -
Animal Assisted - 34,650 (43,767) 9,117 - -
Development -
Mentoring - 70,489 (74,373) 3,884 -
Development -
Pathways - 1,850 (15) - 1,835
Development -
ESHO - 48,363 (48,268) - 95
Development -
Diversion - OPCC - 25,708 (22,664) - 3,044
Development -
Violent Crime 48,000 (43,241) - - 4,759
Corporate - Dock
office refurbishment 19,128 - (6,376) - - 12,752
Corporate - Building
purchase -Dock
Office 418,734 - (4,272) - - 414,462
Corporate -
Equipment 14,962 - (4,988) - - 9,974
Corporate - Brenda
Hoskins Trust
Legacy 296,103 2,168 (68,917) 2,473 10,755 242,582
Development -
Nationwide - 17,850 (17,858) - - (8)
Development -
Sovereign Iwill Fund - 7,497 (8,260) 763 -
Other investments 2,728 (2,728)
770,566 616,402 (777,505) 94,561 10,755 714,779

YOUNG GLOUCESTERSHIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

26 Restricted funds (Continued)
Source of restricted funds £
Waite and Hayward 6,670
Good Exchange 5,000
The Notgrove Trust 1,826
Tewkesbury ILP 26,584
Ernest Cook 35,742
Cheltenham
Borough Council 9,789
St James's Place Charitable Foundation 40,393
Nationwide
Community Grant 17,850
Masonic Charitable
Foundation 27,500
Dulverton 10,740
Four Acres 22,021
The Julia and Hans
Foundation 10,000
Sovereign IWill Fund 7,498
Henry Smith 19,790
Children in Need 26,036
Pets Foundation 34,650
Office of Police Crime Commissioner 64,042
Gloucestershire County Council 115,713
CHK 70,489
Cotswold ILP 42,437
Spirax Sarco 5,000
Tewkesbury Borough
Council 7,361
Gloucestershire Community Foundation 4,375
Income from Brenda Hoskins investments 2,168
Income from other restricted investments 2,728
616,402

YOUNG GLOUCESTERSHIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

27 Designated funds

The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes: The fund below has been designated for the building purchased during the year.

Building fund
Analysis of net assets between funds
Unrestricted
fund
Designated
fund
Restricted
fund
2024
2024
2024
£
£
£
Fund balances at 31 March 2024 are represented
by:
Tangible assets
177,079
635,526
437,188
Investments
317,862
-
242,582
Current assets/(liabilities)
563,534
-
35,009
Long term liabilities
(117,317)
-
-
941,158
635,526
714,779		 Balance at
1 April 2022
Resources
expended
Balance at
1 April 2023
£
£
£
648,799
(6,637)
642,162
648,799
(6,637)
642,162
Total
Unrestricted
fund
Designated
fund
2024
2023
2023
£
£
£
1,249,793
112,175
642,162
560,444
204,788
-
598,543
388,794
-
(117,317)
(136,631)
-
2,291,463
569,126
642,162		 Resources
expended
31
£
(6,637)
(6,637)
Restricted
fund
2023
£
454,311
269,659
46,596
-
770,566		 Balance at
March 2024
£
635,525
635,525
Total
2023
£
1,208,648
474,447
435,390
(136,631)
1,981,854

28 Analysis of net assets between funds

YOUNG GLOUCESTERSHIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

29 Operating lease commitments

Lessee

At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Within one year
Between two and five years
30
Capital commitments
Amounts contracted for but not provided in the financial statements:
Acquisition of property, plant and equipment		 2024
£
8,750
77,054
85,804
2024
£
2024
£
6,395		 2023
£
56,586
71,554
128,140
2023
£
2023
£
-

31 Related party transactions

Remuneration of key management personnel

The remuneration of key management personnel was as follows:

2024 2023
£ £
Aggregate compensation 341,602 243,658

Other related party transactions

Infobuzz Limited is a charity that was connected to Young Gloucestershire by a common Trustee and the two charities shared a CEO. On the 28 October 2023, Young Gloucestershire agreed to acquire Infobuzz. Infobuzz transferred a grant of £246,727 to Young Gloucestershire on its closure. Prior to this Young Gloucestershire charged Infobuzz £20,790 (2023: £23,797 ) for management related services, and £2,625 for office space & utilities (2023: £4,125), and £17,606 (2023: £23,036) for general recharges. Infobuzz Limited charged Young Gloucestershire £840 (2023: £1,594) for the provision of welfare services and recharges.

YOUNG GLOUCESTERSHIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

32
Cash generated from operations
Surplus for the year
Adjustments for:
Investment income recognised in statement of financial activities
Loss on disposal of investments
Fair value gains and losses on investments
Depreciation and impairment of tangible fixed assets
Movements in working capital:
Decrease/(increase) in debtors
Increase/(decrease) in creditors
Cash generated from/(absorbed by) operations
33
Analysis of changes in net funds
At 1 April 2023
£
Cash at bank and in hand
943,515
Loans falling due within one year
(18,929)
Loans falling due after more than one year
(136,631)
787,955		 2024
£
314,322
(25,331)
488
(35,525)
47,855
83,517
160,490
545,816
Cash flowsAt 31
£
407,684
(524)
19,314
426,474		 2023
£
24,985
(6,246)
-
5,173
43,864
(355,639)
(6,116)
(293,979)
March 2024
£
1,351,199
(19,453)
(117,317)
1,214,429