OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2025-03-31-accounts

Company registration number 01547097 (England and Wales) Charity registration number 281797 (England and Wales)

YOUNG GLOUCESTERSHIRE LIMITED

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

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
Ms S. Danson
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 (Until March 2025)
Mr T. Jones (Until February2025)
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 - 9
Statement of trustees' responsibilities 10
Independent auditor's report 11 - 13
Statement of financial activities 14
Balance sheet 15
Statement of cash flows 16
Notes to the financial statements 17 - 39

YOUNG GLOUCESTERSHIRE LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2025

The trustees present their annual report and financial statements for the year ended 31 March 2025.

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 UK Youth and the countywide delivery partner for King’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 2024/25 focused on supporting young people’s mental health challenges, gain the skills needed to find meaningful employment, mentoring, 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 2025

Who we have supported:

Gender breakdown % of Total Age Group of % of Total
beneficiaries
Female 56.09% 0–10 2.55%
Male 38.83% 10–14 20.29%
Gender diverse 4.09% 15–19 55.26%
Not provided 0.99% 20–25 17.01%
Total 100.00% 25+ 3.15%
Not provided 1.74%
Total 100.00%
IMD Range % of Total Status % of Total
0–20 15.08% Part-time education 5.78%
20.01–40 15.29% On Roll, not attending 6.51%
40.01–60 24.38% Not provided 13.98%
60.01–80 22.03% NEET 18.54%
80.01–100 21.59% Full-time education 44.17%
Not provided 1.64% Employed part-time 4.22%
Total 100.00% Employed full time 6.54%
Note: Index and multiple depreviation is the official measure CME (Missing from 0.26%
of relative deprivation across the UK Education)
Total 100.00%

% of Total

Ethnicity

Ethnicity % of Total
Asian / British Asian 1.25%
Black / Black British 1.56%
Dual Heritage 4.74%
Not recorded 17.55%
Other 0.47%
White 74.43%
Total 100.00%
District % of Total
Gloucester 28.26%
Tewkesbury 17.06%
Stroud 16.61%
Cheltenham 16.41%
Forest of Dean 10.78%
Cotswold’s 8.28%
Not provided 1.51%
Out-of-county 1.09%
Total 100.00%
Source % of Total
Education 25.57%
CAMHS 14.19%
Other 11.74%
Self-referral 11.74%
Other Mental Health 8.54%
Parent/Guardian 8.31%
Social Services 7.92%
VCSE 2.50%
Navigation Hub 1.59%
GP 1.56%
Internal 1.46%
MHICT 1.12%
Other (combined 40 3.75%
or fewer referrals)
Total 100.00%

YOUNG GLOUCESTERSHIRE LIMITED

TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2025

Items of note in the 2024/25 period were:

Due to the increase of national insurance and living wage the costs of Young Gloucestershire would rise above a manageable level in 25/26 if the current organisation structure was maintained, as a result a restructure of the organisation was undertaken in Jan 25 to reduce costs and overheads to ensure sustainability for 25/26. This restructure saw the reduction of two senior managers, fundraising manager and communications/marketing manager. These changes have seen the merger of two operational departments and the remaining Senior Management team taking on additional responsibilities for fundraising and communications.

Our Mental Health Services have continued to grow, providing additional mental health programmes and increased reach. A programme of note is the demand on our Flourish service providing support to young people who would otherwise be on the Child and Adolescent mental health (CAMHS) waitlist. This programme has seen increasing demands.

Mentoring and Family services have continued to develop and grow. However, we have seen the Gloucestershire Mentoring Partnership (GMP) come to an end which has seen a decrease in mentoring services for those with involvement in crime, CSE, and high adverse childhood experiences (ACES). New programmes of note are the Ukraine Youth Work Programme providing support to young people who have been displaced from Ukraine. Online Navigation supporting young people who are at risk online and the growth of our gender diverse services to young people and families.

Our support for young people back into education has increased with the growth of the Section 19 programme, which seeks to support young people who are not attending school due to a range of complex issues.

In summer 24 we introduced a new way of working called the ‘YG way’ this sets out the standards and processes as an organisation that we want to deliver to young people. Data shows a 15% increase in the sessions delivered to young people since this process was put in place. We are proud of this achievement and continue to review the ‘YG way’ to improve outcomes for young people.

During the year, the charity worked with 5,199 young people through one-to-one and group initiatives providing intensive support to young people. We are particularly proud our trauma informed practice, young people in our service who have high levels of trauma see the biggest improvement in well-being. 19.04% of the young people engaged in our services have experienced high levels of trauma, with ACE scores of four or more. Those with the highest adversity achieved the greatest gains. Average WEMWBS improvements reached 10.84 points for individuals with ACE scores of 7 or more, compared with 8.72 points for those scoring under 4.

There are some key demographics of those we supported this year:

YOUNG GLOUCESTERSHIRE LIMITED

TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2025

Education and Development Highlights

The Education and Development team continued to focus on supporting young people missing from education or employment. The key services provided:

Mentoring and Families Highlights

This area of work has continued to expand and diversify its offer:

These programmes and many more in the department are allowing us to respond to emerging needs of young people.

Therapeutic Services Highlights

Our core mental health offer providing support to young people 16+ has continued to grow with an increase in referrals. The hospital programme continues to go from strength to strength, and we were proud to win an NHS partnership award for this work. Our bluebells programme expanded to a second worker and additional surgeries in Forest of Dean and Tewkesbury. Our partnership with the young adult service has continued and allows us to ensure the needs of young people are met more effectively.

Other key highlights of the year are the confirmation of core funding to deliver mental health services, securing funding to work with an external researcher to evaluate our Flex (counselling and youth work offer)

Fundraising

It has been a challenging year for fundraising with the competition for applications becoming more intense and many funders reevaluating their funding strategies and seeking to only support smaller organisations. However, we continue to develop our fundraising strategy. The restructure of the fundraising team means the fundraising responsibility in the later part of the year and moving forward sits with members of the Senior Management Team. An independent consultant was brought in to help YG evaluate the funding approach and this has guided the changes for the organisation.

Aside from the challenges all the funds required were raised for the charity to meet the funding needs.

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 25/26 is to continue implementing the new fundraising strategy to enable the financial security of the charity and the growth of services to meet demand.

YOUNG GLOUCESTERSHIRE LIMITED

TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2025

Financial review

Young Gloucestershire's financial performance remained strong.

Total income was £3,621,870 (2024: £3,146,840) Expenditure for the year was £3,546,240 (2024: £2,872,268); 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 that e form an essential part of the charity's aims and objectives.

A total of £160,981 (2024: £94,561) has been transferred from the unrestricted fund to the restricted fund in this financial year. The total net income for the year was £76,582 (2024: £309,609).

The trustees decided to designate further funds during 2025, including the donation received from Infobuzz last year, to ensure the continuation of the Infobuzz work, and money received for investment in the portfolio, which will be used to create a long term legacy.

This leaves the charity with general unrestricted funds of £58,692, designated funds of £1,055,074 and restricted funds of £728,179.

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 £647,685 of which £49,272 were restricted and so unavailable for general use. This leaves the charity with liquid free reserves of £598,413. 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.

The board reviewed the designated funds for the charity in line with the restrictions of the current funds and have agreed new designated funds. This is detailed in note 27.

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:

· £1,498,456 from the NHS Gloucestershire Clinical Commissioning Group for the work of our mental health and counselling services.

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

Pets Foundation The Henry Smith Foundation Big Lottery The Dr Martens Foundation Clive Richards Foundation The Masonic Charitable Foundation Nationwide Building Society The Notgrove Trust ILP Tewkesbury ILP Cotswolds The Ernest Cook Trust St James' Place Charitable Foundation 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 2025

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 portfolios over the financial year was a positive return of 3%

The distribution of investments as of 31st March 2025 was :

UK Corporates 8%
Oversea Corporates 26%
Global 44%
North America 7%
Asia 5%
Alternatives/Cash 9%

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 2025

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 modernday 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. This includes:

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 G. Leon Mr J. Tabor Ms S. Danson

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:

YOUNG GLOUCESTERSHIRE LIMITED

TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2025

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.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 a 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 Dec 2024 and will be implemented for April 2025.

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

YOUNG GLOUCESTERSHIRE LIMITED

TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2025

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.

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: 9 December 2025

YOUNG GLOUCESTERSHIRE LIMITED

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 MARCH 2025

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 2025 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;

• reviewed a sample tested journal entries to confirm that they were genuine transactions.

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

• agreeing financial statement disclosures to the underlying supporting documentation;

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 Bishop (Senior Statutory Auditor)

For and on behalf of Pitt Godden & Taylor LLP, Statutory Auditor Chartered Accountants Unit 3 Ambrose House Meteor Court Barnett Way Barnwood Gloucester GL4 3GG 9 December 2025

YOUNG GLOUCESTERSHIRE LIMITED

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025

Unrestricted
Restricted
funds
funds
Notes
£
£
Income from:
Donations and legacies
3
150,237
674,040
Charitable activities
4
2,763,798
-
Activities for generating funds
5
-
-
Investments
6
29,289
4,506
Total income
2,943,324
678,546
Expenditure on:
Raising funds
7
307,377
102,789
Charitable activities
8
2,414,522
730,198
Other
14
(8,646)
-
Total resources expended
2,713,253
832,987
Net gains/(losses) on investments
15
(5,908)
6,860
Net incoming/(outgoing) resources before
transfers
224,163
(147,581)
Gross transfers between funds
(160,981)
160,981
Net income/(expenditure) and net movement in funds
63,182
13,400
Fund balances at 1 April 2024
1,576,684
714,779
Fund balances at 31 March 2025
1,639,866
728,179		 Total
2025
£
824,277
2,763,798
-
33,795
3,621,870
410,166
3,144,720
(8,646)
3,546,240
952
76,582
-
76,582
2,291,463
2,368,045		 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

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 2025

2025 2024
Notes £ £ £ £
Fixed assets
Tangible assets 17 1,228,812 1,249,793
Investments 18 589,003 560,444
1,817,815 1,810,237
Current assets
Debtors 20 307,140 484,268
Cash at bank and in hand 1,433,349 1,351,199
1,740,489 1,835,467
Creditors: amounts falling due within
one year 22 (1,092,804) (1,236,924)
Net current assets 647,685 598,543
Total assets less current liabilities 2,465,500 2,408,780
Creditors: amounts falling due after
more than one year 23 (97,455) (117,317)
Net assets 2,368,045 2,291,463
Income funds
Restricted funds 26 728,179 714,779
Unrestricted funds
Designated funds 27 1,055,174 635,525
General unrestricted funds 584,692 941,159
1,639,866 1,576,684
2,368,045 2,291,463
The financial statements were approved by the Trustees on 9 December 2025
Mr M. Sheridan Mr M. Moule
Trustee Trustee
Company Registration No. 01547097

YOUNG GLOUCESTERSHIRE LIMITED

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 MARCH 2025

Notes
Cash flows from operating activities
Cash generated from operations
33
Investing activities
Purchase of tangible fixed assets
Proceeds from disposal 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 in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2025
£
£
121,772
(39,684)
13,240
(24,886)
-
31,074
(20,256)
(19,366)
(19,366)
82,150
1,351,199
1,433,349		 2024
£
£
545,816
(89,000)
-
(65,014)
17,014
17,658
(119,342)
(18,790)
(18,790)
407,684
943,515
1,351,199

YOUNG GLOUCESTERSHIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

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 Basis of preparation

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 2025

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.

Income/receipts from the Government and other agencies which relate to a contract for services have been included as income from activities in furtherance of the charity's objects once the service has been delivered.

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 & 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 2025

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 and redundancy costs 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 2025

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.

3 Donations and legacies

Unrestricted
Restricted
funds
funds
£
£
Donations and gifts
73,777
-
Charitable grants
76,460
674,040
150,237
674,040
For the year ended 31 March 2024
410,290
611,506
Donations and gifts
Transfer from Infobuzz
-
-
Other
73,777
-
73,777
-		 Total
2025
£
73,777
750,500
824,277
-
73,777
73,777		 Total
2024
£
410,290
611,506
1,021,796
1,021,796
246,727
163,563
410,290

YOUNG GLOUCESTERSHIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

3
Donations and legacies
Unrestricted
Restricted
funds
funds
£
£
Grants receivable for core activities
Spirax Sarco
5,000
-
St James's Place Foundation
-
55,281
Capital Group
71,460
-
Hobson Charity
-
11,000
Four Acre Trust
-
-
OPCC
-
-
The Notgrove Trust
-
10,000
Pets Foundation
-
46,200
Dulverton Power up
-
-
CHK Foundation
-
96,476
Cotswold ILP
-
-
Big Lottery
-
49,996
Tewkesbury ILP
-
10,000
Henry Smith
-
36,004
Waite & Hayward
-
17,400
The Julia and Hans Foundation
-
-
UKSPF
-
61,248
The Clive Richards Foundation
-
20,616
Gloucestershire County Council
-
60,000
Refugees
30,838
Cheltenham Borough Council
-
-
Masonic Trust
-
27,500
Ernest Cook
-
15,546
Nationwide Community Grant
-
17,850
Children in Need
-
11,800
Cotswold District Council
12,040
Prudence
-
21,105
Tewkesbury Borough Council
-
44,695
Other Charitable foundations
-
18,445
76,460
674,040
4
Charitable activities
Community Development
Team
Other income
£
£
£
Sales within charitable activities
1,753,862
998,766
11,170		 (Continued)
Total
Total
2025
2024
£
£
5,000
5,000
55,281
40,393
71,460
-
11,000
-
-
22,021
-
64,042
10,000
1,826
46,200
34,650
-
10,740
96,476
70,489
-
42,437
49,996
-
10,000
26,584
36,004
19,790
17,400
6,670
-
10,000
61,248
-
20,616
-
60,000
115,713
30,838
-
-
9,789
27,500
27,500
15,546
35,742
17,850
17,850
11,800
26,036
12,040
-
21,105
-
44,695
7,361
18,445
16,873
750,500
611,506
Total
2025
Total
2024
£
£
2,763,798
2,064,503		 (Continued)
Total
Total
2025
2024
£
£
5,000
5,000
55,281
40,393
71,460
-
11,000
-
-
22,021
-
64,042
10,000
1,826
46,200
34,650
-
10,740
96,476
70,489
-
42,437
49,996
-
10,000
26,584
36,004
19,790
17,400
6,670
-
10,000
61,248
-
20,616
-
60,000
115,713
30,838
-
-
9,789
27,500
27,500
15,546
35,742
17,850
17,850
11,800
26,036
12,040
-
21,105
-
44,695
7,361
18,445
16,873
750,500
611,506
Total
2025
Total
2024
£
£
2,763,798
2,064,503
611,506
Total
2024
£
2,064,503

YOUNG GLOUCESTERSHIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

5 Activities for generating funds

Service charges to Infobuzz Limited
Income from investments
Unrestricted
Restricted
funds
funds
2025
2025
£
£
Income from listed
investments
4,095
4,506
Interest receivable
25,194
-
29,289
4,506		 2025
£
-
Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
8,601
2,975
4,896
25,194
17,460
-
33,795
20,435
4,896		 2024
£
35,210
Total
2024
£
7,871
17,460
25,331

6 Income from investments

YOUNG GLOUCESTERSHIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

7 Raising funds

Unrestricted
Restricted
funds
funds
£
£
Fundraising and publicity
Staff costs
175,253
56,361
Support costs
125,205
42,528
Fundraising and publicity
300,458
98,889
Governance costs
Support costs
3,550
1,390
Investment management fees
3,369
2,510
307,377
102,789
For the year ended 31 March 2024
Fundraising and publicity
231,281
87,961
Allocated Governance costs
1,184
442
Investment management fees
3,036
2,728
Total Fundraising and publicity
235,501
91,131		 Total
2025
£
231,614
167,733
399,347
4,940
5,879
410,166		 Total
2024
£
182,509
136,733
319,242
1,626
5,764
326,632
319,242
1,626
5,764
326,632

YOUNG GLOUCESTERSHIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

8 Charitable activities

Community Development
Team
£
£
Staff costs
1,325,488
500,042
Direct : Other staff costs
57,492
20,410
Direct expenses
83,480
99,918
Premises costs
68,575
-
1,535,035
620,370
Share of support costs (see note 10)
689,512
271,813
Share of governance costs (see note 10)
20,447
7,543
2,244,994
899,726
Analysis by fund
Unrestricted funds
1,645,325
769,197
Restricted funds
599,669
130,529
2,244,994
899,726
For the year ended 31 March 2024
Unrestricted funds
1,189,484
669,778
Restricted funds
249,817
436,557
1,439,301
1,106,335		 Total
2025
£
1,825,530
77,902
183,398
68,575
2,155,405
961,325
27,990
3,144,720
2,414,522
730,198
3,144,720		 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

YOUNG GLOUCESTERSHIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

9 Description of charitable activities

Community

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

Development Team

Provides a range of education development opportunities for young people:

YOUNG GLOUCESTERSHIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

10
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
£
£
673,539
-
56,071
-
74,705
-
237,031
-
67,057
-
8,480
-
12,175
-
-
7,499
-
25,431
1,129,058
32,930
167,733
4,940
961,325
27,990
1,129,058
32,930		 2025
£
673,539
56,071
74,705
237,031
67,057
8,480
12,175
7,499
25,431
1,161,988
172,673
989,315
1,161,988		 2024 Basis of allocation
£
530,740 Actual staff costs
47,855 Use of assets
61,423 Proportion of staff costs
205,133 Proportion of staff costs
41,753 Proportion of staff costs
9,380 Proportion of staff costs
6,414 Proportion of staff costs
9,904 Governance
941 Governance
913,543
138,359
775,184
913,543

Included in finance costs is interest payable on the bank loan of £3,537 (2024: £4,113).

Governance costs includes payments to the auditors of £7,499 (2024: £7,501) for audit fees. A further £10,440 (2024: £8,924) was paid to the auditors in respect of non- audit services - other financial services

11 Net movement in funds 2025 2024
£ £
The net movement in funds is stated after charging/(crediting):
Fees payable for the audit of the charity's financial statements 7,499 7,501
Depreciation of owned tangible fixed assets 56,071 47,855
Profit on disposal of tangible fixed assets (8,646) -

12 Trustees

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

YOUNG GLOUCESTERSHIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

13 Employees

The average monthly number of employees during the year was:

Charitable activities
Generating funds
Total
Employment costs
Wages and salaries
Social security costs
Other pension costs		 2025
Number
97
2
99
2025
£
2,454,283
210,199
66,201
2,730,683		 2024
Number
82
2
84
2024
£
1,936,495
164,057
51,676
2,152,228

Redundancy and termination payments totalling £63,198 were made in the reporting period. These were all funded from unrestricted reserves and paid before the end of the financial year. This included ex -gratia payments of £22,688.

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:

The number of employees whose annual remuneration was more than £60,000 is as follows:

Remuneration band between £60,000- £70,000
Remuneration of key management personnel
The remuneration of key management personnel was as follows:
Aggregate compensation		 2025
Number
1
2025
£
387,234		 2024
Number
1
2024
£
341,602

YOUNG GLOUCESTERSHIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

14 Other expenditure

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Net profit on disposal of tangible fixed assets (8,646) -

15 Gains and losses on investments

Unrestricted
Restricted
funds
funds
2025
2025
Gains/(losses) arising on:
£
£
Revaluation of
investments
(5,908)
6,860
Sale of investments
-
-
(5,908)
6,860		 Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
952
24,770
10,755
-
(488)
-
952
24,282
10,755		 Total
2024
£
35,525
(488)
35,037

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.

17 Tangible fixed assets

Freehold land
and buildings
Fixtures &
fittings
£
£
Cost
At 1 April 2024
1,240,436
40,544
Additions
-
-
Disposals
-
-
At 31 March 2025
1,240,436
40,544
Depreciation and impairment
At 1 April 2024
49,258
24,304
Depreciation charged in the year
23,323
7,113
Eliminated in respect of disposals
-
-
At 31 March 2025
72,581
31,417
Carrying amount
At 31 March 2025
1,167,855
9,127
At 31 March 2024
1,191,178
16,240		 Computers
£
35,007
6,395
-
41,402
18,003
9,575
-
27,578
13,824
17,004		 Motor
vehicles
£
80,066
33,289
(31,950)
81,405
54,695
16,060
(27,356)
43,399
38,006
25,371		 Total
£
1,396,053
39,684
(31,950)
1,403,787
146,260
56,071
(27,356)
174,975
1,228,812
1,249,793

YOUNG GLOUCESTERSHIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

17 Tangible fixed assets

(Continued)

Freehold land and buildings with a carrying amount of £1,167,855 (2024 - £1,191,178) 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.

18 Fixed asset investments

Valuation
At 1 April 2024
Additions
Valuation changes
At 31 March 2025
Carrying amount
At 31 March 2025
At 31 March 2024
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
£
560,444
27,607
952
589,003
589,003
560,444
2025
2024
£
£
197,623
420,956
589,003
560,444
1,150,077
1,313,255
2025
2024
£
£
95,647
289,633
101,976
131,323
109,517
63,312
307,140
484,268

YOUNG GLOUCESTERSHIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

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		 2025
£
117,404
19,949
97,455
12,440		 2024
£
136,770
19,453
117,317
34,415

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		 2025
£
19,949
40,182
123,363
818,043
91,267
1,092,804
2025
£
97,455		 2024
£
19,453
40,986
41,803
1,043,993
90,689
1,236,924
2024
£
117,317

YOUNG GLOUCESTERSHIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

24 Deferred income

Deferred income is included in the financial statements as follows:

2025
£
Current liabilities
803,763
803,763
£
Balance at 1 April 2024
1,041,133
Amounts released to incoming resources
(1,029,583)
Amounts deferred in the year
792,213
Balance at 31 March 2025
803,763
Amounts deferred at 31 March 2025 were:
£
NHS CCG - Project administrator
Pets Foundation
11,550
Prudence
23,895
Gloucestershire County Council - Refugees - Homes for Ukraine
15,362
Gloucestershire County Council - Online Modern Harm
12,254
Gloucestershire County Council - S-19 Mentoring provision
36,424
Gloucestershire County Council - HAP Spring 25
15,000
Cheltenham Borough Council - Chelt Hub Mental Health
2,917
Dr Martens - Arcus Youth
15,000
Henry Smith - Hidden Victims
10,806
Charles Hayward - Hidden Victims
25,000
Sumner Wilson - Full Circle
10,000
Ernest Cook Trust -Environmental
15,000
Spirax Sarco
2,500
St James's Place Charitable Trust
25,000
St James's Place - Baby Link Chat
14,988
Big Lottery - Parental Mental Health
23,781
NHS CCG -Fusion
63,641
NHS CCG - Flourish
104,515
NHS CCG - Bluebell
105,332
NHS CCG - YAS Youth Support
38,279
NHS CCG - GRH Paediatrics Ward Support
196,627
Tewkesbury ILP - YP Voice
5,000
Waite & Hayward - Arcus Youth
30,000
Others
892
803,763		 2024
£
1,041,133
1,041,133

YOUNG GLOUCESTERSHIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

25 Retirement benefit schemes
2025 2024
Defined contribution schemes £ £
Charge to profit or loss in respect of defined contribution schemes 66,201 51,676

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 2025

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 2024 resources expended losses March 2025
£ £ £ £ £ £
Community -
Schools &
Community - 10,000 (6,938) - - 3,062
Community -
Transgender - 38,100 (38,560) 783 - 323
Community -
Environmental 3,554 16,868 (18,445) - - 1,977
Community -
Tewkesbury
Mentoring - 44,695 (46,799) 2,104 - -
Community - Awards
for all 1,041 - - - - 1,041
Community - Music
Project 289 - - - - 289
Community -
Cotswold Chat - 12,040 (12,676) 636 - -
Community -
Parental Mental
Health - 54,371 (55,332) 961 - -
Community - YG
Hub - - (34,515) 34,515 - -
Community -
Wellbeing 1,084 - - - - 1,084
Community -
Linkchat SJP 30,281 (35,670) 5,389 - -
Community -
EmpowHer 80 - - - - 80
Community - HLF 2,509 - - - - 2,509
Community - My Life
My Plan 628 - - - - 628
Community -
Prudence - 21,105 (25,304) 4,199 - -
Community -
Primrose 2,268 - - - 2,268
Community -
PowerUp 2,540 - - - - 2,540
Community - Bloom 3,194 - (26) - - 3,168
Community - Hidden
Victims - 37,004 (51,639) 14,635 - -
Community - Drugs
and Alcohol - 34,480 (31,239) - - 3,241
Community - GMP - 96,476 (100,775) 4,299 - -

YOUNG GLOUCESTERSHIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

26 Restricted funds (Continued)
Balance at 1 Incoming Resources Transfers Gains and Balance at 31
April 2024 resources expended losses March 2025
£ £ £ £ £ £
Community - Arcus - 9,300 (4,423) - - 4,877
Development -
Sporting Chances 1,128 - - - - 1,128
Development -
ExChange 8,573 - - - - 8,573
Development - Full
Circle - 69,916 (78,519) 8,603 - -
Development - Bus
Funds 664 - - - - 664
Development -
Vehicle - 11,000 (1,146) - - 9,854
Development -
Animal Assisted - 46,200 (63,477) 17,277 - -
Development -
Pathways 1,835 30,000 (33,735) 1,900 - -
Development -
ESHO 95 - - - - 95
Development -
Diversion - OPCC 3,044 - - - - 3,044
Development - Rise - 61,248 (57,355) - - 3,893
Development -
Violent Crime 4,759 - - - - 4,759
Corporate - Dock
office refurbishment 12,752 - (6,376) - - 6,376
Corporate - Building
purchase -Dock
Office 414,462 - (4,244) - - 410,218
Corporate -
Equipment 9,974 - (4,331) (4,593) - 1,050
Corporate - Brenda
Hoskins Trust
Legacy 242,582 4,506 (66,180) 63,670 6,860 251,438
Development -
Nationwide (8) 17,850 (19,498) 1,656 - -
Development -
Refugees - 30,838 (35,785) 4,947 - -
714,779 678,546 (832,987) 160,981 6,860 728,179

YOUNG GLOUCESTERSHIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

26 Restricted funds (Continued)
Source of restricted funds £
Waite and Hayward 17,400
Prudence 21,105
Henry Smith 36,004
Cotswold District
Council 12,040
Ernest Cook 15,546
Big Lottery 49,996
St James's Place Charitable Foundation 55,281
Clive Richards 20,616
Masonic Trust 27,500
Nationwide 17,850
UKSPF 61,248
Tewkesbury ILP 10,000
The NotgroveTrust 10,000
Refugees 30,838
Hobson Charity 11,000
Pets Foundation 46,200
CHK 96,476
Gloucestershire County Council 60,000
Children in Need 11,800
Drugs & Alcohol Tier 2 4,480
Tewkesbury Borough
Council 44,695
Gloucestershire Community Foundation 4,375
Income from Brenda Hoskins investments 4,506
Income from other restricted sources 9,590
678,546

YOUNG GLOUCESTERSHIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

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: In addition to the building fund, at the end of March 2025, the Trustees designated further funds as shown in the table below. When Young Gloucestershire took over the work of Infobuzz and received the funds as a donation, part of the agreement was that Young Gloucestershire would hold that money as designated funds for a minimum of three years to ensure the services of Infobuzz continue.

The investment portfolio and cash held for investment relate to fund received from a donor, and Young Gloucestershire want to use those funds to create a long-term legacy.

Balance at
1 April 2023
£
Building fund
642,162
Infobuzz donation
-
Boiler
-
Investment portfolio
-
Cash held for investment
-
642,162		 Resources
expended
Balance at
1 April 2024
£
£
(6,637)
635,525
-
-
-
-
-
-
-
-
(6,637)
635,525		 Resources
expended
£
(6,637)
-
-
-
-
(6,637)		 Transfers
31
£
-
246,728
59,598
73,386
46,574
426,286		 Balance at
March 2025
£
628,888
246,728
59,598
73,386
46,574
1,055,174

YOUNG GLOUCESTERSHIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

28
Analysis of net assets between funds
Unrestricted
fund
Designated
fund
Restricted
fund
2025
2025
2025
£
£
£
Fund balances at 31 March 2025 are represented
by:
Tangible assets
112,856
688,486
427,470
Investments
264,180
73,386
251,437
Current assets/(liabilities)
305,111
293,302
49,272
Long term liabilities
(97,455)
-
-
584,692
1,055,174
728,179		 Total
Unrestricted
fund
Designated
fund
2025
2024
2024
£
£
£
1,228,812
177,079
635,526
589,003
317,862
-
647,685
563,534
-
(97,455)
(117,317)
-
2,368,045
941,158
635,526		 Restricted
fund
2024
£
437,188
242,582
35,009
-
714,779		 Total
2024
£
1,249,793
560,444
598,543
(117,317)
2,291,463

YOUNG GLOUCESTERSHIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

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		 2025
£
-
25,068
25,068
2025
£
2025
£
-		 2024
£
8,750
77,054
85,804
2024
£
2024
£
6,395

31 Events after the reporting date

Since the year end the trustees decided to move the management of the investment portfolio from LGT Wealth Management to Rathbones Investment Management.

32 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. During the year ended 31 March 2024, Young Gloucestershire agreed to acquire Infobuzz. Infobuzz transferred a grant of £246,727 to Young Gloucestershire on its closure. Prior to this, during 2024 Young Gloucestershire charged Infobuzz £20,790 for management related services, and £2,625 for office space & utilities and £17,606 for general recharges. Infobuzz Limited charged Young Gloucestershire £840 for the provision of welfare services and recharges.

YOUNG GLOUCESTERSHIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

33
Cash generated from operations
Surplus for the year
Adjustments for:
Investment income recognised in statement of financial activities
Gain on disposal of tangible fixed assets
(Gain)/loss on disposal of investments
Fair value gains and losses on investments
Depreciation and impairment of tangible fixed assets
Movements in working capital:
Decrease in debtors
(Decrease)/increase in creditors
Cash generated from operations
34
Analysis of changes in net funds
At 1 April 2024
£
Cash at bank and in hand
1,351,199
Loans falling due within one year
(19,453)
Loans falling due after more than one year
(117,317)
1,214,429		 2025
£
76,582
(33,795)
(8,646)
-
(952)
56,071
177,128
(144,616)
121,772
Cash flowsAt 31
£
82,150
(496)
19,862
101,516		 2024
£
314,322
(25,331)
-
488
(35,525)
47,855
83,517
160,490
545,816
March 2025
£
1,433,349
(19,949)
(97,455)
1,315,945