SGYH (A Company Limited by Guarantee) Report and Financial Statements for the year ended 31 March 2025 Charity number: 298777 Company number%ry2060534 SGYH Contents Page 1 Report of the management Committee Reference and administrative information Objectives and aims Achievements and performance Financial review Structure, governance and management 2 Independent examinerfs report 3 Ststement of financial activities 10 4 Balance sheet 11 5 Notes forming part of the financial statements 12-15 Page 1
SGYH Report of the Management Committee for the year ended 31 March 2025 The Management Committee presented its directors, report and independently examined financial statements for the year ended 31 March 2025. Management Trustees As at 31st March 2025 Annette Jones Chair Christine Howard Vice chair Janet Biggins Secretary Richard Gilpin Treasurer Jason Ellis Christian Abbott Served all year Served all year Served part of year Served all year Served all year Served all year Served for part of the year Administrative Information Charity Name: SGYH Charity registration number: 298777 Company registration number: 02060534 Registered Offi. 71 High Street, Kingswood, Bristol, BS15 4AD Team Coordlnator Amanda Osborne Secretary Janet Biggins Independent Examlner Dick Maule FCA, The Cross House, South Woodchester, GL5 SEL Bankers The Cowoperative Bank plc, PO Box 101, 1 Balloon Street, Manchester, M60 4EP. Page 2
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 maintsin independent accommodation.. SGYH operates in Kingswood, South Gloucestershire. Summary of our Main Actlvlties SGYH provides an intensive housing management service for single and at risk 18 to 24 year-old young people in temporary, shared independent accommodation, with the addition of two training flats for care leavers from the age of 16 - 24 yrs old. 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 which are used for Care leaver aged 16 onwards. Park Wiew: A ten-room shared house providing temporary stable accommodation for 18-24 year olds. Tralnlng 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 31st July 2024 the training flats gained their registration from Otsted. Public Benefit Our services deliver public benefit by working closely with the local authority, NHS, Police and mentors 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 received from South Gloucestershire Council. Page 3
SGYH Achievements and Performance Who Used and Benefited from Our Actlvities? SGYH supports 16 to 24 year olds in South Gloucestershire, many of which were homeless, refugees, young people with mental health issues and care leavers. Use of the Project During March 2024 to April 2025 we had 32 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 the 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, encouraging our young people to look at private renting. We have completed the redecoration and refurbished each of the rooms within the hostel and have also redecorated most of the communal areas We have refurbished the training flats to ensure their suitability for continued use. We have completed 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 partner's requirements. Repalrs and upgrades We continue to employ a part time Maintenance person for the general work needed to be completed. This continues to improve our tum-around of each room as they become available. It also helps greatly with any slight emergency maintenance issues, which we are able to rectify quickly without any problem. Equal opportunities SGYH provides a service that is accessed by all those in the community. We consider race, 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 essential in promoting young people and adults, welfare. Page 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 finances, 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 good relationship with their family is a major factor in a young person's Ilfe 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 worklcollege. fund study books, clothing for interviews etc. These are items not covered by other funding, but are vital to help young people move on in their lives and feel respected and part of the community. We are grateful for the following support during the year: Kingswood Town CounGiI Abbey Electrical Martin Crips Mrs Beryl Osborne Lisa HOOK Kate and Rich Caines. Food donations: Lidl - Kingswood Page 5
SGYH Financial Review The result for the year was a surplusl(deficit on £293 (2024 {16,144). Our turnover increased to £276,451 from £251.440 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 % ) Princlpal Fundlng Sources Our key sources 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 housing management allowances from Places for People for providing housing management services for Park View, Kingswood. Reserves SGYH has a policy to retain sufficient 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 main concerns 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 services We have £251,026 of designated funds [2024:£251,071], primarily for the purchase of an additional propety to grow the business. Flnancial Risks SGYH is currently dependent on contracts with South Gloucestershire Council and Places for People to sustain its activities as earned income from its 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, two part time Support Workers, one part time Office 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 function. 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 governing document is its Memorandum and Articles of Association. SGYH has sought professional legal advice on the right legal structure and governing document for the organisation. Recrultment and Appointment of Trustees SGYH is committed to planning continuously for the succession of trustees whose tenns of office are due to end with the year and have procedures in place for recruiting and appointing trustees. During the year all Trustees have undertaken a skills review showing we have a vast amount of knowledge from Support. Housing, Financial, Management, and Recruitment. Organisatlonal 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 clients. Day-to-day management of the Association is the responsibility of the employed Team Coordinator, who liaises regularly with the Chairperson. Relatlonships with Related Parties 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 { HRS) 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 Accepted Accounting Practice). Page 7
SGYH Charity 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 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 disclosed 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 ststements comply with the Charities Act 2011. 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. 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 taken to make themselves aware of any relevant information and to establish that the independent examiner is aware of that information. Independent Examlner Dick Maule was re-appointed as the charitable companws 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 2nd September 2025 and signed on its behalf by: Annette Jones (Chair of the Board of Trustees) Page 8
SGYH Independent Examlnerfs Report to the Trustees of SGYH I report on the accounts of the company for the year ended 3181 March 2025 which are set out on pages 10 to 15. Responslbllltles and basls of report As the charity Irustees of the company (and also Its dlrectors for the purposes of company law) you are responsible for the preparallon of the accounts in accordance with the requlrements of the Companles Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the company are not required to bp audited under Part 16 of the 2006 Act and are eliglble for Independent exarnination, I report in rèspect of my examlnatlon of your company's accounts as carrfed out undar section 145 of the Charlties Acl 2011 {'Ihe 2011 Act,). In carrylng out my examln8tion I have followed the Directions given by the Charity Commlsslon under Section 145(6)(b) of the 2011 Act. Independent examlnerfs statemént Slnce the company's gross Income exceeded £250,000 your axaminer must be a member of a body listed In section 145 of the 2011 Act. I confirm that l am qualif18d to undertake th8 examlnatlon because l am a member of The Inslllute of Chartered AGcountants England and Wales, which is one of the listed bodles. I have completed my examination. I confirm that no mattars have come to my attention In connectlon wlth the examinatlon glvlng me cause to believe that In any rnaterlal respect: accountlng records were not kept in respect of the company as required by sectlon 386 of the 2006 Act; or 2. tho accounts do not accord wlth those records" or 3. the accounts do not comply wlth the accountlng requlrements of sectlon 396 of the 2006 Act other than any requiremenl that the accounts glve a 'true and falr vl8W' which is not a matter consldered as part of an Independent examlnatlon; or 4. the accounts have not been prepared In accordance wlth the melhod8 and prlnclples of the Statement of Recommended Practice for accounting and porting by charltles [applicable to charities preparlng thelr accounts in accordance wilh Ihe Financlal Reporting Standard appllcable in the UK and Republlc of Ireland (FRS 102)]. I have no concerns and have come across no other matters in connection with the examinatlon to whlch altentlon should be drawn In thls report In order lo enable a prop8r understandlng of the accounts to be reached. Dick Maul6 FCA The Cross House South Woodchester GL5 SEL l)LoI rlo,IL Signature:. IE_ L(g-15 Pag? 9
SGYH Statement of Finxnclal Activities lineluding Ineome and Expenditure A¢countl for the year ended 31st. MarLh 2025 UDrestrict¢d Funds Total Notes 2025 2024 Income Donations 1,189 4.200 2.207 4,200 Donated services and facilities Investment income Sundry income 10,201 6,197 75 PFP management fees Income from charitable activities Rents Grants and contracts 15,563 14,580 142,542 102 757 127,372 Total Income 276 451 Expenditure Charitable activities 276 158 267 584 Total Expendfiture 276 158 267 584 Net incomel[expendxturel 293 (16,144) Total fund5 at 1st. April 2024 310298 Total funds at 31st. March 2025 io
SGYH Balance Sheet as at 31st. March 2025 2025 2024 Notes Tangible assets 12) Current assets Debtors and prepayments Cash at bank and in hand 13) 15,154 306 564 882 339,982 340,864 321,717 Current liabilities Creditors: amount5 falling due within 12 months (4} {11,126) 130,566) Net Current assets/ [liabilitiesJ 310,591 310,298 Net assets 310,591 310,298 Unrestricted Funds Designated Fund General Funds Total funds (8) 251,036 59,555 310,591 251,071 59,227 310,298 For the year ended 31st March 2025 The company was entitled to the exemption from audit under section 477[2] of the Companies Act 2006 The members have not requested the company to obtain an audit in accordance with section 476 0* the Companies Act 2006. The directors acknowledge their responsibility for complying with the requirements of the act with respect to accounting 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:. 11
SGYH Notes to the accounts for the yoar ended 31st. March 202S (l) Principal Accounting Policies Th8 princlpal accounting policies adopted in the praparation of the financial statements are set out below and have remained unchanged from the previous y8ar. (a) Basis of preparation The charity constitutes a public bènefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reportlng by Charlties.. ststement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial R8POrting Standard applicable in the UK and Republlc of Ireland {FRS 102) 2nd edition the Chartties AGt 2011 and the Companies Act 2006. The financial statements hava been prepared under the historlcal cost convention. (b) Fund accounting UnreslriGted funds are availablè for use at the discretion of the trustees In furtherance of the general objectives of the charity. liilDesignated funds are unrestricted funds eannarked by the Management Commlttee for particular purposes. [111] Restrtcted fLtnds are subjected to restrictions on their expenditure imposed by the donor or through the tsms of an appeal. (cl Income Incoma Is included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified wtth reasonable accurdcy. The following specific pollcies are applied lo particular categories of income. li] Income received by way of grants, donalions and gifts and is included in full in the Statemènt of Financial Activities when receivable. Grants, where Éntitlement is not conditional on the dèllvery of a specific performanc8 by the charity, are recognlsed when the charity becomes uncondrtionally entitled to the grant. [111 Donaled services and facilities are includ8d at the value to the charity where this can be quantrfied. liJThe value of seNl¢es provlded by voluntoers has not been included in these accounts. livl Investment income is included when rec8lvable. Ivllncome from charitable trading activity are accounted for when 6amod. Ivillncome from grants, where related to performance and specific deliverables, are accounted for as the charity earns the right to consideration by Its performance. Id) Expendlturg Expenditure Is recognised on an accrual basis as a liability is incurred. Expenditur& includes any VAT which cannot be fully recovered 11]Costs of generang funds comprise the costs aswciated with attracting voluntary income and the costs of tradlng for fundraising purposes. rii] Charitable expenditure comprise5 those costs incurred by the charity In the delivery of its actlvlt18s and servlces for Its beneficiaries. It includes both costs that Can be allocated dlrectly to such acllvilles and those costs of an indirect nature necessary to support them IllilAII costs are allocated between the expenditure categories of the SOFA on a basis designed to r6f18Ct the use of the rasource. Costs relating to a partlcular actlvity are allocated directly, others are apportioned on an appropriate basis. 12
SGYH Notes to the accounts for tbe year ended 31st. March 2025 (l) Principal Accountlng Policies (e) Fixed assets Fixed assets are written off over the expected useful life of the asset. using the straight line method at between 201 and 50% per annum. Computers arc written off in the year of acquisition. Items costing under £500 are not capitalised. In order to comply with SORP 2015 the propety is being depreciated at 2 % p.a.. {2) Fixed Assets Tangible Furniture & 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 book value at 31st. March 2025 Net book value at 31st. March 2024 {3) Debtors 2025 2024 Prepayments Sundry debtors 15,154 15,154 882 882 (4) Creditors: amounts falling due within 12 months Accounts payable Sundry creditors and accruals 6,422 4,704 11,126 1,873 28,693 30,566 13
SGYH Notes to the accounts for the year ended 31st. March 2025 (5) Expenditure 2025 2024 Landlord fees Recruitment Cleaning Renewals and maintenance 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 61,996 208 1,662 4,587 4,200 134,341 15,025 4,425 9,621 7,828 2,269 6,283 35 904 512 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 Insurance Sundry Print, post and stationery Trustees expense5 Training Independent examiner's fees Computer and IT Consultancyi legal and professional Refreshments Subscriptlons and publications Bank charges 6,898 1,026 4,928 34 1,838 995 2,864 3,564 14 5,513 1,347 4,449 85 2,792 995 4,412 4,885 4,500 182 104 276,158 267,584 (6) Analysis of net assets between funds General Funds Designated Funds Total Tangible fixed assets Current assets Current liabi lities 70,681 111,1261 251,036 321,717 {11,126) Net assets at 31st March 2025 59,555 251,036 310,591 14
SGYH Notes to the accounts for the year ended 31st. March 2025 (7) Employee informatlon 2025 2024 Average number of staff employed in the year [includes part time] 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 126,533 2,570 5,238 134,341 The key management personnel of the charity comprise the trustees, the Team Leader and the financial officer.The total employment benefit of the key management personnel was £63,639. 12024:£57,5091. 118,332 2,358 4,517 125,207 (8) Movements in funds Opening Balance Carried Forward Income Expenditure Transfers Designated Fund Property Reserve Residents Fund 250,000 1,071 251,071 59,227 310,298 250,000 1,036 251,036 59,555 310,591 (35) (351 35 General funds 276,451 276,451 (276,158) {276,158) Movements in funds-previous year Opening Balance Carried Forward Income Expenditure Transfers 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 (267,584} (267,584) (9) Trustees The trustees received no expenses or emoluments in the year. 15