SGYH {A Company Limited by Guarantee) Report and Financial Statements for the year ended 31 March 2024 Charity number: 298777 Company number: 2060534 SGYH Contents Page 1 Report of the management Committee Reference and administrative information Objectives and aims Achievements and performan Financial review Structure, govemance and management 2 Independent examinefs report 3 Statement of financial activities 10 4 Balance sheet 11-12 5 Notes fonning part of the financial statements 13-19 Page 1
SGYH Report of the Management Committee for the year ended 31 March 2022 The Management Committee presents its directors, report and independently examined financial statements for the year ended 31 March 2024. Management Trustees As at 31$1 March 2024 Annette Jones Chair Christine Howard Vice chair Annette Jones Secretary Richard Gilpin Treasurer Janet Biggin Jason Ellis Christian Abbott Etunum Olukayode Ben Williamson Alison Udall Served all year Served all year Served all year Served all year SeNed all year Served all year Served all year Served all year Served part of year Served part of year Served for part of the year Ben Williamson Resigned 31st March 2024 Jane Udall Resigned 15th February 2024 Administrative Information Charity Name: SGYH Charity registration number: 298777 Company registration number: 02060534 Registered Office: 71 High Street. Kingswood, Bristol, BS15 4AD Team Coordinator Amanda Osborne Secretary Annette Jones Independent Examiner Dick Maule FCA. The Cross House, South Woodchester, GL5 SEL Bankers The Co-operative Bank plc, PO Box 101, 1 Balloon Street. Manchester, M60 4EP.
SGYH Objectives and Aims Purposes and Aims The objectives of South Gloucestershire Youth Housing (SGYH) in our memorandum of association are lo provide care. support and resettlement to local homeless young people to help them find and rnaintain independent accommodation." SGYH operates in Kingswood, South Gloucestershire. Summary of our Main Activities SGYH provides an intensive housing management service for single and at risk 16 to 24 year-old young people in temporary, shared independent accommodation. SGYH provides housing management and support for residents in their personal and social development in order to enable them to move onto independent living and accommodation. Residents may need appropriate support. encouragement and advice according to their individual needs to enable them to settle into and maintain their accommodation and their own wellbeing. SGYH Accommodation consists of a 10 bed shared accommodation hostel and 2 training flats whiGh are used for Care leaver aged 16 onwards. Park Wiew.. A ten-room shared house providing temporary stable accommodation for 18-24 year olds. Training Flats: SGYH runs 2 training flats for youth services which help prepare care leavers (16 years onwards) for independent living. Support around life and personal skills is provided by SGYH. From September 2023 the training flats could only be used from Care Leavers 18 and above until the Ofsted registration is complete. Public Benefit Our services deliver public benefit by working closely with the local authority. NHS. Police, educators to improve young people's futures and enable them to get back into independent living and be successful members of the community. This includes reducing crime. improving health and wellbeing. socialisation skills and providing opportunities for move on to independent living. All our referrals are e1Ved from South Gloucestershire Council. Page 3
SGYH Achievements and Perforniance Who Used and Benefited from Our Activities? SGYH supports 16 to 24 yearolds in South Gloucestershire, many of which were homeless, refugees, young people with mental health issues and care leavers. Use of the Project During March 2023 to April 2024 we had 20 young people in Park View (10 beds). These figures suggest a high need for the project, but also indicates that move on homes are not readily available and Ihe need for affordable private renting is required. SGYH is keen to help young people move on as soon as they are ready to live independently. Achievements We have continued to provide a high level of service for Park View, with high move on figures. We have completed the redecoration and refurbished each of the room within the hostel. And have started on the communal corridors. We have refurbished the training flats to ensure their suitability for continued use. We have started the registration process with Ofsted for the training flats. We have continued to ensure all staff are fully trained in all aspects required with annual refresher training. and further training as required from Ofsted. We continue to support the most challenging clients with behavioural and mental health needs. and ensure they have extra support as required. We have been able to maintain a high level of support and successful move ons. We continue to review our policies and procedures on an annual basis. We are in full compliance with all Local Authority and other partnerfs requirements. Repairs and upgrades We continue to employ a part tirne Maintenance person for the general work needed to be done. This continues to improve our tum-around of each roorn as they become available. It also helps with the refurbishment carrying forward and this year particularfy with the training flats. Equal opportunities SGYH provides a SeICe that is accessed by all those in the community. We consider ra. age. gender, sexual orientation. disability and religious belief. Safeguarding We recognise that the welfare of the young people and adults is paramount. All young people and adults. regardless of age. mental capacity. disability. gender, racial heritage, religious belief and sexual orientation or identity, have a right to equal protection from all types of harm or abuse. Some young people and adults are additionally vulnerable because of the impact of previous experiences, their level of dependency. communication needs or other issues. Working in partnership with other agencies is essents'al in promoting young people and adults, welfare. Pago 4
SGYH Outcomes SGYH helps young people find 'move on, accommodation for young people and helps to source training,education, apprenticeships or work. As so many jobs are not available to 16-year olds the priority for them is training and qualifications. Our support helps young people to manage their money, or crisis management such as self-harm or mental health. but also we work hard to keep them in touch with their families. In the long run a good relationship with their family is a major factor in a young person's life and learning how to sustain good relationships is one of the greatest skills we can teach. and help fulfil their aspirations. Fundraising, Grants and Donations SGYH would like to thank its donors whether cash, goods or services were received. We fundraise to help young people achieve their best potential. The charity is not permitted to use income for housing purposes for non-housing expenditure, ie. bus fares to help young people travel to workjcollege. fund study books, clothing for interviews etc. These are items not covered by other funding, but are vita5 to help young people move on in their lives and feel respected and part of the community. We are grateful for the follong support during the year. Mrs June Harvey and Friends Mrs Beryl Osbome Lisa Hook Food donations: Lidl - Kingswood Pa9è 5
SGYH Financial Review The result for the year was a deficit of £16,144 (2023 ~ £-1.240). Our tumover increased to £251,440 from £220,610 in the previous year. During the year we have continued to manage rent arrears effectively and void levels have been kept to a minimum (2.03 / ) Principal Funding Sources Our key SoUrS of funding are: South Gloucestershire Council which provides grants for the provision of support services for young people for whom SGYH provide accommodation in Park View, Kingswood as well funding for the Training Flats. Rental income payable by our young people either personally or via Housing Benefit for rent of accommodation In addition. we receive housTng management allowances from Places for People for providing housing management seNices for Park ITiew. Kingswood. Reserves SGYH has a policy to retain sufficienl reserves to enable it to restructure should the support of the local authority be withdrawn or management contracts with Places for People not be renewed. The rnain concems of the board are to ensure: Funds for a short period between agreement of funding streams Funds for capital projects and equipment replacement costs Funds for possible redundancy costs That staff can continue working. primarily to secure new funding The service users are supported to move on to other servi$ We have £251.071 of designated funds [2023:£251.071]. primarily for the purchase of an additional property to grow the business. Financial Risks SGYH is currently dependent on contracts with South Gloucestershire Council and Places for People to sustain its activities as eamed income from our residents and their housing benefit alone would not allow SGYH to continue operating. SGYH operates with one part-time Team Coordinator. one full time Senior Support Worker, o part time Support Workers, one part time offi Financial Administrator, one part time Cleaner and one part time Maintenance Person. Our Plans Our main aim for the project is to continue with financially stabilising the project and to expand into further properties either for housing or for training purposes for the residents.This we all agree needs to be in the local area of Kingswood to ensure we are able maintain and regulate its functioTb. The Trustee Board is at pains to ensure the project remains viable for years to come and are looking at ways to protect the organisation and its assets. taking professional advice to ensure the use of correct procedures with remaining contracts held and reduction of staffing. Page 6
SGYH structure. Governance and Management Governing Document SGYH is a charity and a company limited by guarantee not having any share capital. The Association's goveming document is its Memorandum and Artides of Association. SGYH has sought professional legal advice on the right legal structure and goveming document for the organisation. Recruitment and Appolntment of Trustees SGYH is committed to planning continuously for the succession of trustees whose terms of office are due to end with the year and have ProdureS in place for recruiting and appointing trustees. During the year all Trustees have undertaken a skills review showing we a have a vast amount of knowledge from Support. Housing. Financial. Management. and Recruttment. Organisational Structure SGYH has a simple structure appropriate to our relatively small size. A voluntary Management Committee meets bi-monthly or more frequently if required and attended by the Team Co-ordinator and as appropriate other staff members and dients. Day-to-day management of the Association is the responsibility of the employed Team Coordinator. Relationships with Related PartSes Related parties are: Places for People - Landlords for the property - Park View. Curo Housing Group- Landlord of the office and the two training flats. South Gloucestershire Council- Department for Children. Adults and Health ( H.A.T) who have full nomination rights for all referrals to SGYH. Members of the Management Committee Members of the Management Committee. who are directors for the purposes of company law and trustees for the purposes of charity law. are set out above. The trustees are responsible for preparing the Trustees. Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Apted Accounting Practice). Page 7
SGYH Charity law requires the trustees to prepare financial slatements for each financial year, which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing these financial statements, the trustees are required to: select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP 2015 (FRS 102); make judgements and estimates that are reasonable and prudent: state whether applicable UK Accounting Standards have been followed. subject to any material departures disdosed and explained in the financial statements; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. 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 Charities Act 2011. They are also responsible forsafeguarding the assets of the charity and hencefortaking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the trustees are aware: there is no relevant information of which the charity's independent examiner is unaware; and The trustees have taken all steps that they ought to have tsken to make themselves aware of any relevant information and to establish that the independent examiner is aware of that infomiation. Independent Examiner Dick Maule was re-appointed as the charitable company's independent examiner during the year and has expressed his willingness to continue in that capacity. This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities 'Accounting and Reporting by Charities, 2015 (FRS 102) and in accordance with the special provisions of the Companies Act 2006 relating to small entities. Approved by the Management Committee on 81h October 2024 and signed on its behalf by: Cl.Twe Annette Jones {Chair of the Board of Trustees) Pa90 8
SGYH Independent Examinerfs Report to the Trustees of SGYH I report on the accounls of the company for the year onded 314 March 2024 whlch are sel out on pages 10 to 1S. R¢sponsibilitl95 and basis of report As Ihe charity Iruslees of Ihe company {and also ils directors for the Purposes of company 18w} you are resFonsible for the preparation of the accounts in accordance with Ihe requirements of the Companies Act 2006 {'Ihe 2006 A¢l')- Having satisfied mysell thal the accounts ol Ihe Company are not required lo be audited under Part 16 of the 2006 Act and afe eligible for independent examination, I report in respect ol my examinalion of your company's accounls as carried out under section 145 of the Charities Acl 2011 {'Ihe 2011 Acl'}- In carrying oul my examination I have followed the Direclions given by Ihe Charity Commission undar section 145(5){b) of th8 2011 Act. Independent examinerf$ statement Since Ihe company's 9ross income exceeded £250.000 your examiner musl be a member of a body listed in section 145 of Ihe 2011 ACL I confirm that l am qualified lo undertake the examination because l am a member of The Institulo of Charlered Accounlants England and Wale5. which is one of the listed bodies. have completed my examination. I confirm Ihal no matters have come lo my attention in eonneclion w¢lh Ihe examination giving me cause lo believe Ihal in any material respecl.. aeeounling records were nol kept in respecl of the company as required by seclion 386 ol Ihe 2006 Acl- or the accounts do not accord wilh Ihose records.. or 3. the accounls do not comply wlh the accounting requirements of section 396 of the 2006 Act other Ihan any requlrement Ihal the accounts give a 'lrue and f81r which is not matter consideied as parl of an independent examination.. or 4. Ihe accounts have not been prepared in accordance with the methods and principles of Ihe Slalemenl of Recommended Practice for accnunting and reporting by chari1ies lapplicable lo charilies preparing Iheir accounts in actordance wilh the Flnancial Reporting Standard applicable in lh8 UK and Republic ol Irgland {FRS 102)]. I have no concefns and have come across no other matters in connection wilh the exarnin81ion lo which allenllon should b8 drawn in Ihis report in order to enable a proper understanding ol the accounts lo be reached. Dick Maule FCA The Cross House South Woodchesler GLS SEL Date.12.11 14 Pa9e 9
SGYH Statement of FlnJiDclal A¢tivitiEs lincluding Income and Expenditure Aeeountl for the year ended 31st. March 2024 Unrestsicted Total No¢e5 2024 2023 Income Donations 2,207 4.2 372 Donated services and facilities 4,200 Investment income Sundry income 6,197 75 1208 10 PFP managcmcni fo¢s Income from Charitable activities Ren¢5 Granls and contracts 14580 11.330 127J72 112,073 Total Ineome 220 10 Expenditure Charitablc activitics Total Expenditure Net incomellexpenditurel {16.144) (1,240) Total funds at 1st. April 2023 327 682 Total funds at 31st. March 2024 li
SGYH Balance Sheet as at 31st. March 2024 2024 2023 Notes Tangible assets (2) Current assets Debtors and prepayments Cash at bank and in hand (31 882 339 982 3.172 331.641 334,813 340.864 Current Ilabllltles Creditors: amounts falling due within 12 months 14) {30,5661 18,3711 Net Current assets/ [Ilabllltles1 310.298 326,442 Net assets 310,298 326.442 Unrestricted Funds Designated Fund General Fund5 Total funds 18) 251.071 59.227 310,298 251,071 75,371 326,442 For the year ended 31st March 2024 The company was entitled to the exemption from audit under section 477121 of the Companies Art 2006 The members have not requested the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibility for complying with the requlrements of the act with respect to accountin8 records and for the preparation of the accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the Small company regime. These financial statements were approved by the Trustees on............. On behalf of the Trustees dated:. &1, 1i014-. 12
SGYH Notes to tbe accounts for the eDded 31st. March 21124 {1) PrintipAI AecouDtiDg Polici The principal accounling policies a¢Jopte(l in the preparalitin of thè financial slatoments are set out below anil have mained unchanged from the previous year. la) Ba$1$ ol pr•paratlon The charity consliiules 8 public banefil 8nlity as defmd by FRS 102. The financial statements have beon prèpared in accordance with Accounting and Repoityng by Charities: Stslement of Recommended Praclice applicable lo charibes prgparing their accounls in accordance wth tha Financial Reporbng Standard app]ible in thg UK and Republ of Ireland {FRS 102) 2nd edition the Charities Act 2011 and thg Companies Aci 2006. The finanaal statements have been prepared under the hIstl cost convention. Ib) Fund aeeountlng lil Unrestricted funds are wdSlable for use at the dis(¥etion of the tW$t in lurlheranco of th8 general objectives ol the charity. IlilDeslgnated funds are unrestricted funds eam)8¢{l by Management Committee for particular purwses. [111] Restricted funds are subjecied lo restrictK>ns on their expen¢Jiture impose(I by the (Jonor or throu9h Ihe le$ of an appe. lel Ineom Incomo is induded Sn the statement of financial acts¥ilies wthen the ¢harity is entitled lo the income and the am(yJnt can be quantified with reasonable accuracy. The fdlowing specific policie5 are applied lo particular categories of income. lil Income rece5ved by way of grants. donations and gtfts ènrj is induded in lull in the Ststement of Financial ActswlEs when re¢eNable. Grants. %%there entitlement is not conditsonal on the delrvery of a specific perforrnance by th& ¢haiity. aw reetsanised vknen the charity becomes un¢onditKJnally entbtted to the grant. lill Donated services and fatilrtbes are induded at the value to the charity %sere this can bts quant¢fied. liiilThe value of pthded by volunteers has nol been wKluded in these att))unts. livl Investment income is inc4uded when ceivable. Ivllncome from charitable trading a¢lNity are accounted forvknen eamed. lw11rrne from grants. %there retated to perfomanee and specific delsverables. are accounted for as the charity eams the right to cKIer&I1oft by its perfomarKe. (dl Exponditur• Expenditure is recogni5ed on an accrual basi$ a$ a Ilablty is inrred. Eypendilure Thludes any VAT which cannot be fully re¢ovew lilcosts of generating funds comprise the sts associated %bilh attracllng volunlary income and the costs of trading for fvndraising purw)se& lill Charitsble expenditure comprises those costs inrTed by the ¢hity in the delivery of it$ activiti&s and Sèmces for its benefioaries. 11 indudes both costs thal ¢an bo #llo¢atèd directty lo such aCtitieS and Ihose costs of an indirect natuw necessary lo Sup them liiilAII costs are allocated belween Ihe e4)endibJre caiegories of the SOFA on a ba3iS designed to reflect thtr of the resoUe. Cosls relating to a parttojlar aCty a allocated direcuy. Othe are apportioned on an appropriate basis. 13
SGYH Notes to the accounts for the year ended 315t. March 2024 (l) Prln¢ipal Ac£ountiDg Poli¢ies (e) Fixed Assets Fix¢d Isscts are written otTover the expecled useful life of the asseL using the straight line method at betwttn 20Q/• and 50% per anDUllL Compulers are writl¢n off in the year of 3CqUlSitio li¢ms ¢osling under £500 are not capitalised. In order to comply with SORP 2015 the property is being depreciated at 2Y• p.a.. 12} Flxed Assets Tangible Fumiture & Equipment Cost Balance brought forward Increase in asset valuation 27,622 27,622 Depreciation Balance brought forward charge for the year 27.622 27.622 Net bookvalue at31st. March 2024 Net book value at 31st. March 2023 (3) Debtors 2024 2023 Prepayment5 Sundry debtor5 882 3.172 3,172 882 (4> tseditors: amounts falling due wlthin 12 months Accounts payable Sundry creditors and accruals 1.873 28.693 30.566 1,793 6,578 8,371 14
5GYH Notes to the accounts forthe year ended 31st. March 2024 (S) Expenditure 2024 2023 Landlord fees Recruitment Cleaning Renewa15 and rnaintenance Office rent Salaries Light and heat Rates and water Office phone Non capitalised equipment Gardening Security Office refreshments Travel and motor vehicle TV licence and contracts 57.602 389 1.763 4,224 4.200 125.207 12.406 4.543 10.105 11.143 2,442 3,103 17 803 477 44.761 838 1,573 10,403 4.200 103.654 12.026 4.291 7.617 7,568 1,578 2,991 162 1.440 477 Insurance Sundry Print, post and statlonery Trustees expenses Training Independent examiner's fees Computer and IT Consultsncy. legal and professional Subscriptions and publications Bank charges 5.513 1,347 4,449 85 2,792 99S 4,412 4.885 4.51)J 182 4,829 983 4,369 348 349 975 2,593 3,577 247 267,584 221,850 16) Analysis of net assets between funds General Funds De51gnated Funds Total Tangible fixed assets Current assets Current liabilities 89,793 {30.5661 251,071 340.864 130.5661 Net assets at 31st March 2024 59.227 251.071 310,298 15
SGYH Notes to the accounts forthe year ended 31sL March 2024 171 Employee informatlon 2024 2023 Average number of staff employed in the year [includes part timej No employee received emoluments of more than £60.000. The average weekly number of employees during the year were calculated on the average monthly head count. Salaries and wages Pensions Social security costs 118,332 2.358 4.517 125,207 The key management personnel of the tharity tomprise the trustees. the Team Leader and the financial officer.The total employment benefit of the key management personnel was £57.909. 12024-£45.7211. 99,978 1,723 1.953 103,654 181 Movements In funds Opening Balance Carried Forward Intome Expenditu Trdnsfers Designated Fund Property Reserve Residents Fund 250.000 1,071 251.071 75,371 326,442 250,000 1,071 251,071 59,227 310,298 General funds 251.440 251.440 1267,584} 1267,584) Movements In funds-previous year Opening Balance Carried Forward Income Expenditure Transfers Designated Fund Property Reserve Residents Fund 250,000 1,233 251,233 76.449 327.682 250,000 1,071 251,071 75.371 326.442 11621 11621 162 General funds 220.610 220.610 {221,8501 {221.8501 191 Trustees The tru5tee5 received no expenses or emoluments in the year. 16