COMPANY REGISTRATION NUMBER: 00399872 CHARITY REGISTRATION NUMBER: 302398 Hitchin Youth Trust Company Limited by Guarantee Financial Statements 31 August 2025
Hitchin Youth Trust Company Limited by Guarantee Financial Statements Year ended 31 August 2025 Pages Trustees, annual report (incorporating the Directors, report} 11011 Independent auditorfs report to the members 12to15 Statement of financial activities {including InMe and expenditure account) 16 Statement of financial position 17 Notes to the financial statements 18to27
Hitchin Youth Trust Company Limited by Guarantee Trustees, Annual Report Ilncorporating the Directors, Report) Year ended 31 August 2025 The Trustees. who are also the Dirt$ for the Pufposes of conyany law. present their report and the financial statements of the charity fNthe year ended 31 August 2025. Relerence and admlnistratlve detalls Reg15tered ¢harity namè Hitchin Y¢xrth Trust Charity registrntion number 302398 Company registration number 399872 Prlncipal office and registered Lomboume House office 111 Walsworth Road Hrtchin SG4 9SP The tru5tses Peter Kel Andy Har(ly David Mclnlosh Tim Slalkartt Laura Evans Clare Skeels Shirley Br(Y¥n Mandy Mills GeTaint Edwaffjs Tashmina Hoque Julie Donnelly Kirsten Sabine Sue Walkinson Gill Carpenter Farth Hq'eer Sam Hankin Christn Lbyd-vlllliams Julia CamKyJy Lucy Walder Andrew Baker Gail Chrisley ResJned 28th May 2025 Resuned 30th April 2025 Resyned 30th April 2025 Restgned 30th April 2025 Appointed 2* January 2025 Apptynled 26th March 2025 Appointed 24th Septembei 2025 Appoinled 24th September 2025 Honorary sKretary Sue Watkinson Audltor H$ and Crxnpany charte Accounlants and Statutory Auditors Fwsl FILXY 99 Bancroft Hrtchin SG5 1NQ Bankgrs Barclays Bank 516 Hh Street Hrtchin SG5 1BJ
Hitchin Youth Trust Company Llmlted by Guarantee Trustees. Annual Report (Incorporating the Directors, Report) (cLtIed) Year ended 31 August 2025 Investment managers Cazenove Capital 1 London Wall Place London EC2Y SAU Chairfs report We conbnue to have a strong board of Trustees wrth a vanety of skills wuired lo run the Trust. Once again I wc¥Jld like lo lake this oppunfy to thank all of the Trustees for their hard wort during the year lo make it possib for u5 to continue the wot* that we do. ObJectl¥es and actlvltles The Trust obj'eclives are to.. Further youth actwilies in Hrtchin arKI Dtstricl (the former Hrtchin Urt)an and Rural Distr1 Councils), and lo prowde and maintain the facilthes made avaiLable for youth organisatKJns al 111 Walsworth Road, Hitchin, Herrfordshe. SG4 9SP Ensure all aclrwlw are carried oul wrthin an appropriate leg81, fin8rrial and administrative framework Provide akwropriate resources for yOLrth groups Ensure that resources of Ihe Trust are managed and maintained provhjently to be abbe to maintain th¢ Trust indetmite Maintain strategic investment pians in accordance wlh appropriate a¢fve This is achieved by utilising the investmenl relums to provide grants to eligible Olgl$allOnS and indivKluals and to proVe facilrties for w4)riale groups.
Hitchin Youth Trust Company Llmlted by Guarantee Trustees, Annual Report qlncorporating the Dlrectors, Report) (wilwedj Year ended 31 August 2025 Structure, g¢vemance and manapment Governin document The Trust is a ccffipany IKnrted by guanlee meorporaled on 29 Octotw 1945 (Company number. 00399872, RegiSted Office". Lambourne House. 111 Walsworth Road, Hitchin, Hertfordshire. SG4 9SP) and registered as a charity on 29 Juty 1963 (Charity number.. 302398. Principal Office.. Lambourne House, 111 Walsworth Road. Hitchin, HertfordshiTe, SG4 9SPI. h is govemed by its Memorandum and Articles of A5SOCkatn. Public Benefit The Trustees have pd due regarf to the Charrty Commission's Public Benefrt Guidance and complied with Section 17 of the Charrties Act 2011 in exercising Ihr powers and duties. The Trustees have sought to demonstrate that the Tnjsl continues lo provhde Klentrfiabk benefits lo young people in line with rts objectives, erther lil direct lo young peop untler the age of 26 as individuals or as part of a group.. or lill indirectty by assisting adutts who require training for working with yOLrth groups. The benefrts are available lo all who qualfy. All app1KalnS are subject to due prccess and consideration wi(houl bias or discrwninalK•n. anisational Strudure The Trust has a board of Trustees (the Main Council) and has continued its eslablrshed practice of meeting 10 10 12 times per annum. The Trustees are responsib for overseeing the activities of the Trust in order to ensure that the Trust mee15 rts objectives. The Trustees comply with the object of the Mem¢yaTrJum of ASswIath, and work wlhin the seope of the pNers sel out therein. At the dale of Ihis rep there are 17 Trustees. The Trustees aTe representalwes frcm within the community from a varEty of backgrounds, skills, kn(Miledge and experience, all of whom contribute lo the working and management of the Trust. A structure of commillees is in pL%e and they are SUpFut by an Honorary Secretary who is sponsle for.. overseeing and SerVlg all commrttee5 ensuring that the offices are administered effKienlty ensuring that all appropriate papers are passed to the reI ccrfnniltee Chairperson the slatulory governance of the Trust The committees are.. Main Counol cc¥nposed ol al Trustees. and it rewrted lo by." All Ihe wnmrttee chairpersons The Honorary Secretary The Honorary Treasurer The Main Council 1$ re¥on$ible for: ReceivirKJ rewrts and recomffendations from all committees. the Honorary Secretary and Honorary Treasurer. and making deci%ions on the connendaIlons received Receiving and conskyering Grant Aid Applications
Hitchin Youth Trust Company Llmited by Guarantee Trustees. Annual Report (Incorporating the Directors. Report) Year ended 31 August 2025 structur•. gov•manc• and management (rnrfimiedj Investment Corrmittee To fomuL3te and agree the investment policy and lo monrtor il on an ongoing basis To recewe, rewew and ts)nswYer the inveslmenl portfol) managed by the appointed Investment Managers. To meet with the Investment ManerS periodalty. typiealty three Irnes per annum To report lo the Main Council in order thai they are aware of the investment strategies of the InveStnI managers and perfofmance of the rtfO Fabric Commitlee To ensure thal the premises and grourKls from whh the Trust operes and provides facilitS for youth gr¢)ups, are property maintained and conyty wrth appropriate slatulory requirements To report to the Main Council of WkS to be undertaken and sthsequently rrtr)nilor any implemented approved works Merrt)ership Commrttee To ensure that the necessary ski115. knowledge and experience are sustsine(l in iecruiling rwi Trustees by caryng ¢)ul regular Skills Audits To rUit and MtteNiew polential Trustses with a vivw to makg Tecommendalions to the Main Council Publ RelatnS Committee To raise general awarenes$ of the of thè Twst and encourwae appropriate gwl 4)plicalions General Data Protection ReguLalion IGDPR) Committee After a professional Data Protection Audit we introduced a small commttlee lo VIeW the results of the audit and impkn)ent some recommendations to make sure we CL)nlinue to be fijlty ¢LpIlant. The CLNnmittee wll continue to mOnitC and review procedLwes. AII Trustees are invowl in revivwir¥J the and prccedures lo ensure they are up lo dale. maintained and operalirvJ effeivy. This ensures that the Trust is opeTating as efficiently as Possib. The Main Councd is suppcrted by an Honorary Treasurer wts) is reswnsible for.. Ensuring that the Main Council is prowded Mlh monlhty financial data Provhling a link to the Trust bankers Ensuring that all Infoatn is avaibble to Trust's autlrtors Recruilmenl and inlment of Trustees The Trustees. through the membership committee, seek lo ensure that". All Proposed Tfuslees enhance the wnmttted, diverse bcmty of Tru51ee5 arKJ a le lo demonstrate the necessary obligalK)ns before being approv8d and elected When vacancies occur, that proposed new Trustees will enhance the appropriate commrttee requirements All Tiuslees reguLgrty mplete a skius audit to ensure that all new appointments meet the Trust's requirements No Twstee receives any remuneration for Selv provided.
Hitchin Youth Trust Company Limited by Guarantee Trustees. Annual Report Ilncorporating the Directors. Report) 1conl1n4&) Year ended 31 August 2025 Structure, govemance and management (¢d) In Tr AII Trustees are familial wtth the wor of the Trust and arg encouraged to be involved in the aclNities on a regular basis. Any Prowsed new Trustees are invited to attend Main Council meetings and be invofve(I to famtliarise themselves th the Trust. the CteXt li whth it operates. their dut, commitment required, their legal oblNJalion under chari(y and company law and the Charrty Ccffimission guidan on public benefit. befote being appointed. pro)$ed Trustees rtteive brieffings of Ihe Trusfs a¢hV8nts, its future plans their responsibilities. All existing Trustees and proposed Trustees are expecled lo familiarise themselves wrth the Charity Cc¥nmission's Guidance CC3"The Essentt"al Trustee" Ccrfnpantes House dccumenl"Life of a Company Part 1. Annual Requirements-. the Menvandum and Articles of Asscciathjn and are Issued with a copy of the last fi.nancial statements to enhan they urKlerstsnding of thw'r stslulory responsibilities. All Trustees have access to Irdining portu¥tIeS. Hrtchin Youth Trust has continued with rt5 Mer[shIP of North Herts Centre for Voluntary serVe (NHCVSI and attends regular meetings of the North Herts Youth Actlon Group which is chaired by the Cc*nmunity Engagement Team at North Herts DistrKt Counul. Membetship of NHCVS gives the Trustees ac¢ess to training and 9ovemance assistance akjngside other k>cal Trusts and Charities. Attendance al the meetings has provided a nebvork to find OLrt more about other youth organisalions in the area. This link has creat&J increaséd awareness ofthe Trust in the area and furtherenquirkgs about grant appli¢ation$. Rtsk Mana emenl The Twsl has a formal rtsk management policy and register vthich continues lo be used by each committee to manage and hwJhlNJhl entified risks to the Main Counal. Systems and predureS are then PrOt estsblished or UFtsted to mitigate risks as they are identif1ed.
Hitchin Youth Trust Company Llmlted by Guarantee Trustees. Annual Report (Incorporating the Directors, Report) (CLwliniRdl Year ended 31 August 2025 Athievem•nts and performance Durmg the year, th& Trust has continued rts eSlIhed ptIce of provIng financial support for voluntsry youth organisKJns and VKIIVuals in Hrtchin and District (the former Hitchin Urban and Rural District Councils). Grant AJ aw¥ds approvèd during the year were". 2025 2024 OrganiSatnal •wards Personal gran15 Schod trip grants Bursary awards Tracy Ryan Harilship Fun¢J Pholoc¢Jpyiro for Youth Organi5atKJns 61,394 14.D68 11.051 75.698 21.487 10.297 2.453 585 176 Tolal grant aid awards 93.662 110,111 UnclMed grants therefce CanCeld 14,9561 19.566 The Trust's a0MModa.on cffl the ground I1r of 111, WalsvK>rth Road. Hitchin, Hertfordshire, SG4 9SP is offered free of charge lo youth groups and organisations in the local area. For the year ended 31 August 2025 the estimated value tha the Trust has saved the users of the building is £51.49312024' £52.1731. The value of the facilrties provKled free ol charge decreased due lo the building being closed for a short period of lime whilst building WO look place. The figu includes use of 3 offices in the bLtilding accommodab.ng Star( Grrt, Elsa and StarKI By Me as well as adhoc bts)kings for committee meetings of youth organisab.ons and training courses for eXarnp FirSt"d and Safeguarding. The office space is also used lo see young people for mentoring and counselliThJ. In order to be in a position lo provide grants and awards the Trust ccmtinued lo l¢aise wth stslutory bc4Jies. other educational groups and charities and voluntary organisats.ons in the area. The Tiustees use a rc41ing 10-year Malitenan plan to tset for the maintenance of th8 building and grounds. This plan helps them maximise the use ofthe building for il is intended and lo keep the building and grounds in good. safe order. It also alkM for repairs lo be carried out if necessary. This year in addition lo our mainlenance budget the Truslees reed to spend additM?nal funds to replace the remaining single glaze(I windows to hdp wlh insulatKJn in the winter months and VentitIon in Ihe SUner. As the builjing is wrthin a conseNalion area and dassed as a'positive building, this required a design sympalhelic lo the style of the buikling and plartning pem)ission. We are very PaSed wilh the resum. We have also refurbished the toilets in the Youth Room area to bring them up to date with current qUIrementS lor accessibrfity and gNing Ihem a much needed flfft
Hitchin Youth Trust Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directors. Report) (eontthu8dJ Year ended 31 August 2025 A¢hiev•m•nts and perfornwn¢e (wiluw•d) The Trustee5 4proved awards durirKJ the year to 15 cygantsatnS representing over 1,000 young people and 98 indivhdual awards, aswell a5 providing the use ofthe premises lo arnd 15 youth groups, catering for approximalety 180 young pecyle each week. Awarding grants lo individuals and youth can1$09ns enables young people in the area to take part in a variety of activbties and benefrt from help that woukl not otherwise be available lo them. Individuals have receNed financial support from Hitchin Youth Trust to cover the cost of sports aclivrties and eXtrUrTicUlarivrtle$. Scrfne oflhese indivthjuals have been training for sometirneand the family have previousty funded Ihe activity themselves due lo thanging circumstances they would need lo stop. The funding we have provhled has enabled them to continue in an actwity that enjoy and. in som8 se$, show an inciedible amount of talent arKI Cunrnitrrnt. The Trust pays a number of small bursarEs yeaf to students from families suffering financial hardship. The bursaries are I1 intended lo cover fees a1 accommLxlatK)n expenses bul can help lo purchase equipmenl for lge courses or help towards activrtres vthile at Univer5ty, therefo enhancing student's exFjwn. The Trust continues lo financialty svpport prwnary schc)I residential lrips for those lamilies who cannot afftird lo send their children. This gives the children the chance to eyierKe a trip away from home before they start at secondary schcol. We have continued to fund a 4-week mindfvlness course offered to all year 6 da5ses in primary schools. This was first offered after the pandemic and give$ young people excellent lools lo help with their transition to secondary. Hrt¢hin Youth Trust are pro(tyJ lo have remaingj inVoed with Ihe Hrtchin Fd ProvisKJn Team during the year which helped families in our area who We struggling lo feed Iheir children. The Team also provided Christmas Hampers lo families in need lo gNe them presents and supermarket vouchers al Christmas lime. Help was provided via professional ferraIs. RepresonlatNes ftom the Trust attend bxal network meetings to prnOte our Work and make sure the Trustees have an understsndiThJ of tIVitIeS in Ihe area for young people. During the year the Trusteès reviewed the Trustee Tem and voted to have a temi of 4 years with maximum of 3 terns that eoukl be served at the Trust. Thi8 ts in line with Charity Commiss*on guidance and will help lo keep Kleas refreshed and abn9 wrth the skills audrt shoukj mean that the Tru51 aayS has a group with the correct skills lo lake the Trust forvrnrd. It has however meant that a number of Trustees retired during the year, makin9 way for new volunteers. l am paSed lo say we have some excellgnl new mbers. l am very grateful for the time that Tru51ees give lo the Trust. Some of our Trustees visrted The Chanty Hub based at Warner Bros. StudKJs in Leavesden and sel up by the Lord Lieutenant. This was folkmed with a meeling vrfh Ihe Lord LEulenant who kindly came lo meet and talk to some of our stakeholders wl)o use the premises. Alhough our building is very drflefenl, we do offer a simiLir service and encourage neIkIng acros5 the office user groups. This has led us to draw up pL3ns lo refU1$h the office area and review the space to allow for further youth organisalions lo join us. The woth was onginalty planned to go ahead In the summer this year, but has been delayed until earty next year. We h¢V that rfi will be up and running by the next Annual Report.
Hitchin Youth Trust Company Llmited by Guarantee Trustees, Annual Report (Incorporating the Directors. Report) (cgntinued) Year ended 31 August 2025 Flnancial review The financial resutts for the year on pages 16 and 17 refied a total net increase in funds of £68,139 which is made up of". 2025 Nel expenditu Realised g8in on investrnenls Unrealised gain on revaluation of investments TO1 nel increase in lunds (10.9611 198 78.902 68,139 As at the 31 August 2025 the Trust had Unrestiicted Funds of £5,426,767. This comprises.. 2025 Tangible fi'xed assets and investments Current assets Current Ik¥bililies 5,477,150 14,402 164,7851 5,426,767 Total Prln¢lpal sources of Incoming resources Total income for the year decreased by £870. fron £266.299 to £265.429. The main reasons for the deciease are as follows". The value of the facilities provKled free of charge decreased by £680 to the building being closed for a short peri( of li whilst Ihe building Iwk place. Prlnclpal Itorns of expendlture Total expenditure increased by £47.696 from £228.694 to £276.390. This increase is due lo the expendiiure incurred on the repair and maintenance work on tho building. The management fees paid lo Cazenove Capital are charg&Y at 0.20% (plus VATI of the average chargeable value for the Fund Accounl and 0.15% {plus VATI of Ihe Cash Account. The total managemenl charges for the year ended 31 August 2025 are £12.568 (2024.. £12.021}. In addrtion to these charges there are undèrlying instNment costs incurred by the fund provNJers of 0.4% for SMAF Fund and 0.17% for other lunds. This gave a total urKlerfying instrument cost for the year ended 31 August 2025 of £48,032.2212024'. £37.804_15}. These Costs are included In the prices of certain instruments $0 not inv(Mced separatety. Each applI¢10n fora grant rs MnsKkred indivhlualty and subj"ted lo scrutiny based on the needs and silualton of theapplicanl The Truslees ate aware that demand coukj increase dramalKally which could pul a strain on funds. bul there is a structure in pl&e lo review pdIC lo make the necessary changes to allow the Tiust to continue lo support kcal young pecple. Overall costs have been carefully Control and m¢Mitored.
Hitchin Youth Trust Company Limited by Guarantee Trustees. Annual Report Ilncorporating the Dlrectors, Report) l¢onllnu•dl Year ended 31 August 2025 Inv•stmont Policy To support the bng-lem objeclrves ofthe Trust the comiitlee has &3reed a lolal return investment and spending policy that determines the annual budget and i% ffleasud against increases In the consumer pri¢gs index. The pcAicy is reviewed periodtslly. The Trust engages profession81 weahh managers lo manage the portk)IK) and meets re9ulady wrth the managefs. tYpalty three bmes a year. On advi the Trust adopts a n))derate investment strategy to fuffil the bng4ern objeclwes of the Trust and lo meet ils ongc4ng budget requirements. Reserves Policy The Trust has unrestrKted reserves at 31 AUgL 2025 of £5.426.767 of general funds are £5,304,757. The capital expenditure fund of £122.010 is equal to the tangible fixed assets at 31 August 2025 as these fund5 are r1 freely aV?dIab for use by the cfrwty. The movements on th8 funds are shown in note 20. The Cazenove investmenl targets an annual di¥lribution cl 4%. If the fund dislributh.on ts in excess of Ihe sustainable spending policy of the Trust's investment poJKy the excess distribution is reinvested into the investmeni fund by Cazenove. The cash rTh)vemenls refltIng this are shown in note 16. In line wrth the Trust$ investnpnt poIy. the Trustees wsh lo keep enough funds lo maintain the level of support given to young Peop in the kjng temi The TTUStees maintain cash &counls to manage the Trusts reqUinntS. Flxed Asset Investments Note 16 sh(yws the split ol the portfolto behn cash and investments and the rnovwnents in the year. The relevant accounting framvwJrk for the Trust is Accounting and Reporting by Charitigs.. Slalemenl of Re¢ommended PraCte appIab to charrties preparing their accounts in accordan with the Financial Re[%)'n9 Standard applKable in the UK and Republ of Ireland IFRS 1021 leffective 1 January 20151 I'the SORP"). In accordance with the SORP. the fixed asset investments are included in the balance sheet al market value at the yw end and any unrealised gains or losses are included in the Sbtement of Financial ActivilEs. Insurance The Trust MaInt.nS Insuran in spect of the Trustees rwJardiTh3 their duties on behaw of the Trust. Plan5 for future periods Th8 fvnds invested arg closety managed with the obJ"ectNe of delNering a sustainable level of tolal returns lo the Trust.
Hitchin Youth Trust Company Limited by Guarantse Trustees, Annual Report (Incorporatlng the Directors, Report) (ronfrnuedj Year ended 31 August 2025 Plans for future periods (conthwdj In order lo maintairb rts objectNes, the fulure pLws the Trust to: Maintain an approprpte level of rrmbership with the necessary skims. kncwiledge and experience lo ensure the continuity of the Trusl and rts obl"te5 To conlinug lo WO closely with rts investment manwjers lo ensure a p1•0 is in pkce lo maintain lolal retums in the kng term To continue to build relationships with relpvant bxal organi&itions and indNiduals lo promote the see$ and facilities available To conlinue the rolling 10-year Maintenan budget. to ensure faCilitS are kept to the highest usable standards Tw$l•o$' re$ponsibiliti•s statement The Trustees, who are also Directors for the purposes of company knv, are sponS)Ie for preparing the trustees, report and the financial statements in accordance with appluble law and Untted KiNJdom Accounting Standard5 (United Kingdom Generalty Awpted Accounting Practs.l. c1panY law requires the Charty tTuslee5 to prepare financial statemenls for each year whh gNe a true and fair VI of the slate of affairs of the charrtable company and the incoming resources and appIallOn of resources, including the inconE and expendilure. for that period. In preparing Ihese financial statements. Ihe Trnstees are to". Sect Surtable accounting poliCS arnl then q)pty them consistentty.. observe the methods and prinapbes irb the appl Charrties SORP", make judgments and accounts.ng estMrAtes that &e reasonable arnl prudent.. prepare the fInala1 statements on the going COrn basi% unS rt is inappropriate lo presume that the charty 11 conlinue in business. The TnJslees are responsible keeping adequate accounlirig records that are sufficienl lo demonstrate and explain the charity's transact*)ns and disclose wrth reasonable accuracy al any time the financial position of the ¢haiity and enable them to ensure that the financial stalemenls compty wrth the compan Act 2006. They are also responsib for safeguarding the assets of the charty and hence for taking reasonable steps for the preventfi and detection of fraud and other irTegularilEs. The Trustees folknvthe pfin¢le$ of good governare as selrHJt in the Charty Governance Code Issued by The Charity Govemance Code Sleering GKwp. The Trustees are responsible for the maintenance arKI integrity of the infomation included on the company's website. The Annual Report is availab on the websf(e whth includes financial information about the Trust and has been approved by all Trustees at the Annu81 General Meeting. LegisL4lion in the United Kingdom goveming the preparatKJn and disseminalion of financial statements may diffef from legislatn in other jurisdictns. 10
Hitchin Youth Trust Company Limited by Guarantee Truslees. Annual Report Ilncorporating the Directors, Report) {fOnlints•dJ Year ended 31 August 2025 Auditor Each of Ihe persons a Trustee al the date of approval of thi5 report confin5 that.. so far as they are aware, there is no relevant audit infOrmats" of which the charity's auditor ¢s urware.. and they have taken all steps that they rght lo have taken as a Trustee to make Ihemsdvgs alre of any relevant audr( informalh and to e5&Ilsh that the chartys auditor is aware of that information. Small cornpany provision5 This report has been prepared in accordare wrth the pwswJn$ applKable to QbpanIeS enlilled lo the small ctynpanies exerylion. The Trustees. annual report was 4)proved 26 November 2025 and Sig on behalf of the Board of Trustees Petef Kèlly Chair
Hitchin Youth Trust Company Llmlted by Guarantee Independent Auditorfs Report to the Members of Hitchin Youth Trust Year ended 31 August 2025 Oplnlon We have audited the financial StatentS of Hitclmn Youlh Trust (the 'charity'l for the year ended 31 August 2025 which comprise the Statement of Financkql Activits. Statement of Financial Posrtion and notes lo the financial slalemenls, including a summary of SnIant accounting policies. The ffinancial reporting framew(yk thal has been aPpld in their preparatKJn is applicable law and United KgdOM Accounting Standards IUnf(ed Kingd¢)m Generally Accepted Accounting Practice). In our opinion the financial statements-. gwe a Iwe and fair vw ofthe stale of Ihe charity's affairs as at 31 August 2025 and of rt5 incoming resources and application of rescMJrces. induding 11$ income and expendrture, for the year then ended.. have been property prepared in &ccdance with United Kingd Generally Aepted Accounting Praclu.. and have been prepared in aee¢xdarte with the requireffÈnts of the Companies Act 2006. Basis for opinion We conducied our aLbJrt in aCLordance with Inlemational Standards on Auditing IVKI IISAS IUK}l and applicable law. Our re5ponsibililie5 un¢Jer those stsndards are further described in the auditor's iesponsibilrties for the audit of the financial statements seCtn of our report. We are independent of the ch8rity in aecordance with the elhKal requirenEnts th are relevant to our audit of the financial slalemenls in the UK, including the FRC'S Ethical Stst)dard. and we have fuffilled OUT other ethical rgsponsibililies in CordanCe ¥Mth these requirements. We believe that the audrt evidence we have obtained is sufficienl and appropnale to provJe a basis for our opinKJn. Conclusions relatlng to golng concern In audi(ing the fina{al swements. have concluded that the trustees. use of the going concem basts of accounting in the preparal•)n of the financial statements appropriate. Based on the work we have perfoTm2d, we have not Klenlrfied any material un¢ertainlies relating to events or conditions that. indiwdually tr cc4tNety. may cast signrficanl doubt on the charrty's abilrty to continue as a going conrn for a penod of at least twelve mnths fffjm when the finanoal statements are authofised for issue. Our responsibilities and the responstsililies of the trust*s wi(h SpeCt lo w'ng ¢¢rn are described in the relevant se¢th?n$ of thts report. 12
Hitchin Youth Trust Company Limited by Guarantee Independent Auditorfs Report to the Members of Hbtchin Youth Trust (¢oftdnud) Year ended 31 August 2025 Other information tTuslees are re¥onsible the other informal•Jn. Thè other mfornath)n Ccmprises the information included in the Annual Report. other than the fanCIal sLments and our Report of Ihe Independent Auditors Ihereon. Our opinion on the finanal Statements does not eover the other infomiation and we do not express any form of assuiance conclusion Ihereon. In conneetiort with our audit ofthe Iancl statements. our responsibilty is to read the other information and. in doing so. consKler whether the other information is materialty inconsistent wrth the financial statements or our knkdge obtained in the audrt or otheThvise aN)eafs lo be malerially misslaled. If, based on the WO we have perfomied, conclude that there is a material misstslemenl of this other inf0Matn, we are qUired lo report that facl. We have rv)thing to report in this regard. Oplnlon$ on other matters prescribed by the Companies Act 2006 In our opinion, based the w•1k undertaken in the course of the audrt.. the infomiation given the Trustees. Annual Ret for the financial year for which the financk?I slalemenls a ppad is u>nsistent wrth the financial slatements; and the Truslees. Amnual Report has been prepared in xcordance wi(h appIable kgal iequirements. Matters on whl¢h we are requlrnd lo report by exceptk+n In the light ofthe knovAedge and understsnding of the charty and its env1ffmenI obtained in the course of the audrt, we have not Identffd material misstalements in the Trustees, Annual Report. We have nolhiry lo report in respect of the follcming mattws wi relatson to whh the Ccfflpanies Act 26 requires us lo report to you . in q)mh)n". adequate aCCjnIIng records have not been kep( or retums alequate for our audil have n¢X been received from branche5 not visited by us.. or the financ1 statements are rn)t in agreemwrt ¥h the &counling records and relums., or certain disclosu of Iruslees. remunerati speci by law are not mad8.' or we have not received ail the infoffnatb)n and explanion$ we require for our audil., or the trustees were nol entitled lo take a(fvantage of the small companies exemption from the requirement lo prepare a Stralegc Report LY in preparing Ihe Trustees. Annual Report. R•sponslbllitios of trustees A5 explained mce lulty in the Iwslees. wPonslIS stslement, the trustees {who are also the Directors for the puiposes of crxnpany lawl a SpOnsIble for Ihe pieparation of the financial statements and for "ng satisfied that they give a Iwe and fair and for such internal control as the Iruslees detem)ine is necessary lo enable the preparatn of financial slalefr*nls that afe free frc4n material misslalemenl. whether due to fraud CK err(K. 13
Hitchin Youth Trust Company Limited by Guarantee Independent Auditorfs Report to the Members of Hhchln Youth Trust (conlinued) Year ended 31 August 2025 ResponslbllltSe8 of trustees contlnu In preparing the financ1 Statets. the Iwstees e Te5ponsi assessing th8 ¢haWs abilty to nlinue as a going concern, discknsing. as applicable. matters related to going concern and using I going concern basis of acc¢yJnting unsS the trustees erther intend lo liquidate the charity or lo cease eperalions, or have no realist ahemalNe btrt to do so. Our re$ponsibllltlo$ for the audit of th• financial sLitements Our objectives are lo obtain aSOnable assurance al)OLrt whether the financial slaleffnts as a whde arg free from malenal misstatement. whether due to fraud or error, and lo issue a Report of the Independent Auditors that Includes our opinKJn. Reasonab assurance ts a high level i)f assurance, bul is nol a guarantee that an audrt conducted in xcordance with ISAS IUKI will aayS delect a material misstatement when rt exists. Misslalements can arise from fraud or errLY and are conSided material if. indwidually of the aggregate, they could ¥easonably be expected to inffluen¢e the econom decisions of users taken on the basis of these financial slatemenls. Irregularities, indudw#J fraud, are rnstances of non-conyIk4re wrth Laws and regulations. We design Procedures in line wi(h our responsjilits. oullined above. to detect material misslatemenls in respeci of irregularf(ies. including fraud. The extent to whh our pr(edureS are Capab of detecting irregularitie$, in¢lLJing fraud is detaded bekm". Base¢J cfi our understanding of the enlity and sector in whh it cyerates. we Klenlrfd the prinupal risks of non-compliance with laws and regulatn$ reling to charitable companies and the application of charitable funds. We also cons¥Jered ttrKJse laws and regulatnS Ihat have a direct impact on the prepafation of the financial Statements. communicated idenb.fied w$ and regulations throughout our team and remained art to any indatnS of rn-COmplvan thrtyjghout the audit. We assessed the susceptsbilrty of the charitable company's financkal statements to material misslatemenl, induding obtaining an undeistanding of hchv fraud may (Kcur. by making enquwies of the Iruslees and management as lo where they considefed there was susceptibility lo fraud and wnsidering the internal controls in place to mitsgate fraud risks and nOn-ColrKe wrth laws and regulali¢)n$. In response to the risk of fraud through management bos (including the rtsk of override of controls) and the risk of irregularf(ies and nort-compliance wrth law5 ar regulations. we designed PredureS which included, but were not linrted to.. pgrforming anatyts.cal prdureS to Klenlify unusual or unexpected transactions aTrJ balances assessing whelhef judgements and assumplions made in deteThrining &counting estimates were indKalNe of potential bias checking income from and the value of investment$ against supporting statemlS perfomiing completeness of income tests checking granl expen(l((ure against truslees. council meetings sample lesling of expense invoKe5 for appropnateness a1 correct allocation checking calculatK>ns prepared by the company lesl thecking the appropriateness ofioumal entnes agreeing financkal st*ement disdosures to the underlying $wlIng dcrtumentatK)n checking for correspondence wilh the Charty Commtssion reading the minules of trustees, counal meetings 14
Hitchin Youth Trust Company Limited by Guarantee Independent Auditorfs Report to the Members of Hitchin Youth Trust (Mntirwed) Year ended 31 August 2025 The are inherent limitations in cr audrt prccedures outlined above. The mL¥e remved thal laws and regulations are from financial transactions. the less likety it is that we would become aware of non- eompliance Auditing standards also limtrt the audrt procedures lo idenlrfy non-compliance with laws and regulations to enquiry of the trLrstees and other management and the inspe¢tKJn of regulatory and legal correspondence, rf any. Pjlalerkal misstatements that arise due to fraud can haider lo delect than Ihose that arise from efror as they may involve delthrale concealment or collusKJn. We are not responsible for preventing non-eomplBnce and cannot be eXpled to delect non-complrance wrth all laws and iegulats'ons. A further deseriplion of our re$SlIrtIeS for the audit of the financial slalemen15 15 hxaled on the Financial Reporting Council's website al vfvM.tre.org.uklaudilorsreswnsilx"lilies. This descriplKin form5 pwt of our Report of the Independent Audit(Ks. Use of our report This report is made solety lo the Chari$ members, as a bcKly, in accordan with Chapter 3 of Part 16 of the Companies Act 2c. Our audit WO ha5 been undertaken 50 that we mwht Slate lo the charity's members those matters we are required to Slate to them in an audilorfs report and for no other purpose. To the fullest extent pemiitted by law. we do not accept or assume responsibilty to anyone other than the charity and Ihe Charity's members as a body. for our audit work. for thts report. or for the opinions we have fo A (Senr Statutory AL*Jrtor) For and on behalf of Hicks and Company Chartered Accountants and Statutory Auditors First Fbor 99 Bancroft Hilehin SG51NQ 26 November 2025 15
Hltchin Youth Trust Company Llmited by Guarantee Statement of Financial Activlties {including income and expenditure accountl Year ended 31 August 2025 2025 Unrestricted funds Total funds Total funds 2024 Inwne and endowments Donations and legacies Inveslmenl irKome 51,493 213.936 51,493 213,936 53,540 212,759 Total Income 265.429 265,429 266.299 Expenditurg Expenditure on raising (unds". Investment management costs Expendi(ure on charitable aclNrties Other expendrture Totsl expendlture 12,568 263.822 12.568 263.822 12.021 216,673 276.39) 276,3 228.694 Net incc¥nellexpense) Net gains on invesknents (10.%1) 79,1CW) (lo.1) 79,1C 37.605 362,678 11 Net Income and net movement In funds 68.139 68,139 400,283 Reconciliation of funds Total funds brought forward Total fundy carried for4vard 5.358.628 5.358.628 4.958,345 5,426.767 5.426.767 5.358,628 The statement of financol livi11eS includes all gains and bsses recognised in the year. All income and ewendilure derive from conb"nuiThJ actNI1. The notes on pag•s 18 to 27 fomi part of these financlal $tatements. 16
Hitchin Youth Trust Company Llmlted by Guarantee ststement of Financial Position 31 August 2025 2025 2024 Flxed assets Tangible fixed assets Investments 15 16 122.010 5.355.140 122,725 5,230,145 5.477,150 5.352,870 Current assets Debt Cash * bank and in hand 17 S,06S 9.337 4,875 60,765 14.402 65,640 Creditors: amounts falling due within ¢)ne year Nel Current Illabllitlesvassets Total assets less current liabilits 18 164.7851 {50,3831 5,426.767 159,8821 5,758 5.358,628 5,358,628 Net assets 5,426,767 Funds of the charity Unrestricted funds 5,426,767 5.358,628 Total charity funds 5,426.767 5,358.628 Those financial slalements have been Pfepared in xcwdarKe with the provisions applicable to companies subject to the small c(ffipan' regime. These financial statements were approved by Ihe board of tru51ees and aulhorised for Tssue on 26 November 2025. and are soned on ofthe board by.. Peter Kelly Chair Mandy Mill$ Treasurer Thè not•s on pw$ 18 to 27 fomi part ofthes• flnandal statements. 17
Hltchin Youth Trust Company Llmiled by Guarantee Notes to the Financial Statements Year ended 31 August 2025 General Infomwtlon The charity is a publ benefit entrty and a private company Iwniled by guarantee, registered in England and Wales and a registered charty in England and Wales. The address of the registered ¢)ffice is Lambourne House. 111 Wa$worth Road, Hitchin. SG4 9SP. Statement of compliance These financial statements have been prepared in complk?n¢8 With FRS 102, 'The Financial Reporting Standard appIable in the UK and the Republic of Ireland,, the Statement of Recommended Practi applicable to Charrt preparing their accounts in xcordance wrth the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland {FRS 1021 (Charities SORP IFRS 1021} and the Conyanies Act 26. Accounting policies Ba$1$ of pr¢paratl¢ The financial slalemen15 have bn prepared on the historal cost basis, as modffie(I by Ihg revaluatvjn of certain financral assets and liabilities and investsnent properts measured al fair value through income or exrnditure. The firTrancial statements are prepared in sterIg. whh is the functp)nal currency of the enlty. Golng concern There are material UnCertntIeS &knul Ihe charty's abilty to continue. Dlsclosure ex•mptlons The entity satisfS the crrteria of being a qualrfying entrty as defir+ed li FRS 102. As such. advantage has been taken of the following discbjsure exemptKJns aVaILle under paragraph 1.12 of FRS 102-. lal cash flow statement has been presented for the company. 18
Hitchin Youth Trust Company Llmlted by Guarantee Notes to the Flnanclal Statements Year ended 31 August 2025 Accounting polici•s (con8nurfdJ Judgements and key sources of ostimation uncertainty The preparatiorb ofthe fmanck81 stemenls wuires Manageent to make jUdgnts, eslimales and a$sumptk)ns that affect Ihe amounts reported. These estimates and judgements are conlinualty {evwl and ale based on expernce atyl othei factors. including expectalws of future events that are believed lo be reasonable under the eircumstances. Fund a¢¢ountlng unles1rted funds are available for use at the di5cretDn of the trustees to further any of the charity's purposes. Desmjnated lunds are unrestricled fijnds eamwked by the trustees for particular future project or commitment. Restrted funds are suty'ected to reSIr$nS on their expendilure declared by the donoroT through the temis of an apwl and fall into one of tJ¥o sul>classes.' restlets income funds or endowment funds. Incom5ng resources All C0ft is Èncluded in the statement financ1 &lNilies wtr*n entitknient has passed to the charity, It is probable that the econom benefrts associated wrth the transaction will fknv to the charrty and the amount can te relHbly measured. The followng specific poIleS are applied lo particular Categories of income.. income Irom donations or grants is rgniSed wn there is ev#Jence of entitlent to the grft, receipt is probable and rts arrKJunl can be measured relb. Donatsd s?rvk?$ and facilllies Services and facilities pftMde(I by the Trust lo other youth ¢yganisalK)ns al no charge are included in the statement of financial ath"vrties al an esl¥nate of the value of Ihe donation to the other Charitabk organisations. The value of the donation is cal¢uLqted on number of hours Ihe facilities are used by youth ofganisalb)ns at an hourty rate charged by simikqr premises in the lo1 area. Donaled services and fa¢ilrties are recognised as expense when provKled and an equNalenl amount reCOgned as income underthe appropnate heading in the stalement of financial aclivities. The value ol services and f¥lIrtS prOVed by the Trust in the year ended 31 August 2025 wa5 £51.49312024." £52.1731. The value of the facilrties prov•Jed free of charge dreaSed due lo the building bery ¢k)sed for a short of I•e whiL%l buikling work t¢>)k place. Resources expended Expend(iure is accounted for on an accrual baws. expendrture on raisir¥J funds irKludes the costs of all fundraising actNilies. events. non- charitable trading actNths. including the cost of investment Maement costs 19
Hitchin Youth Trust Company Limited by Guarantee Notes to the Flnancial Statements (r(wlIndI Year ended 31 August 2025 Accounting policies i¢onknu•d) Re50urce$ expended expendilufe on charilable acliwiEs indudes all cosls irred by a charty in undertaking aclNrties that further its Charitab aims for the benefrt of rts beneficiaries, including those support Costs and costs relating to the govemanceoflhe charity apportioned to Chaiilabl aclivilies. Grants payab ao rec()Jnised vthen a kgal ¢y operationaly bindin9 rnnlment has been made following Main Council approval lo make Ihe grant payment. other expenditure includes all eThdure that is neither related to raising funds for the harity nor part of its expenditure on charitable xtivies. Expenditure intludes any VAT whh cannot be fvlty wovered. and 6 classifd under headings of the statement of financial activiiEs to whh li feLAte5". All costs are alk)caled to expenditure categories refkcling the use of Ihe resource. Direct costs attributable lo a Sing activrty are alkcaled directly to that aclrvty. Shared costs a apport)ned befven the trtIeS they contribute lo on a reasonable. juslifiable and consistent basis. Tanglbl& aTt$ Tangible assetsare inrtk41ty Torded 81 Cost. and Subsequent slated al cost less any accvmulaled depreciation and wnpairment h)5ses. Any tangib assets carried at fevalued amounts are recorded al the fair value * the de of revaluatKJn less any subsequent xcurnulaled dwreckil)n and subsequent accumuLAled impaimienl losses. An increase in the carrying anounl of an asset as a result of a revalualion. is wognised in other recognised gains and bsse$. unkss rt reverses a charge for impairment that has prevvjusty been recognised as eX[d(CUre within the slatemenl of finan¢ral actNrtEs. A decrease in the carrying amount of an asset as a iesuh of revalualK>n. recognised in other recognised gains and losses, except lo which it offsets any Pre¥u$ revaluatK)n gain. in whrh case the loss is shown within other Tecognised gains losses on the statement of financkal xtMts. Depre¢latlon Depr110n is cakulaled so as to wrrte off the cost or valuation of an a55et, less its residual value, over the useful ecc410m life of that asset as fcll(yws'. Fixture5 and fittin95 20% straight ffine Investments Unlisted equrty investments a initialty recorded at cost. and subsequenlty ffasured at fairvalue. If fair value cannot be relvably measured, assets are measured at eosl less Impalml. Listed inveslmenls are measured al far ¥ae wilh Changes in fair value being rewJnised in income or expendrture.
Hitchin Youth Trust Company Limited by Guarantee Notes to the Financial Statements (continua Year ended 31 August 2025 Accounting policies f¢onllnu• Impalnnent of Ilxgd assgts A review for Indicato of impairffnl is caffied 04rt al each reporting date. with the reVerable amount being estimated where such indicators e$1. Ihhere the carrying value exceeds the rewerable amounl, lh& asset is impaired accordingly. Prior impairments are also reviewed for possib veal al eh rep(xtng date. Financlal Instrurnpnts A firnCIal asset or a financial liabilrty is reccJnised when the entty beco$ a party to the contr&tual proMsk)ns of the inslrumenl. Basi¢ finala1 instruments are inrtolly recognised at the amount recewable or payable ineluding any reLed transaCtn cosls. unkss the arrangement constsbjtes a financirvJ transaction. wheTe il is recognised at Ihe psen1 value of the hjture payments discounbj at a market late of interest for a similar debt instrument. Current assets and currenl liabilitEs are subsequentty m&%ured al the e8sh or other consideration expected lo be paid or received and nc4 discounted. Debt inslrLbments are subsequenlty measured at artlIsed cost. Where investments in shares of preference shares are publty traded or their fair value can otherwise be measured reliabty. the Inveslmenl is subsequenlty measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured al cost less impaim)ent. Oefined contribution p•nsion plans Contributions to defined Contrutn pension plans are recc¥Jnised as an expense in the peri1 in which the related servKe is provKled. Prepaid cOntributnS are recogni5ed as an a55et lo the extent that the pfepayrrEnt wll lead to a redLtKIn in future payments or a cash refund. Llmit•d by guarantee The COmpY 15 a Company limrted by guarantee arKI haviTrJ a Share Capital. The liability of Ihe Members is limited to £1 each as denoted in the Memorandum ofAsxrptDn ofthe Company. 21
Hitchin Youth Trust Company Llmlted by Guarantse Notes to the Financial Statements (conbnwd) Year ended 31 August 2025 Donatlons and l•gaci•s r•c•ivables Unrestrithd Tolal Funds Unrestricted Total Funds Funds 2025 Funds 2024 Donatlons DcatIonS 1.367 1.367 Other donalion$ and legacies Cost of providirrfJ facilf(ies free of charge to olhei youlh cganISa110 51.493 51.493 52,173 52,173 51,493 51.493 53,540 53,540 Investment income vrS1Cted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Income from listed investments Bank interest receivab 213,694 242 213,694 242 212.488 271 212,488 271 213.936 213,936 212.759 212,759 Investment management costs Unrestiieted Total Funds unst17cled Total Funds Funds 2025 Funds 2024 Portfolio management 12,568 12,568 12,021 12.021 12.$68 12,568 12,021 12,021 22
Hitchin Youth Trust Company Llmited by Guarantse Notes to the Financial Statements fcoRtinuedJ Year ended 31 August 2025 Expenditure on charitable activities by fvnd typ• Unrestricted Total Funds Unre51ricted Total Funds Furbds 2025 Funds 2024 Grants, AwaTds, Butsaffts and Donations In house Youth Gioups Support costs 129,934 128,951 4.937 129.934 128,951 4.937 132,765 79.271 4.637 132.765 79.271 4.637 263,822 263.822 216.673 216,673 Expenditure on charltable activities by actfvity type Ath"vrtTes undertaken directty Total funds 2025 Total funds 2024 Support Costs Grants. Awards. Bursar Donations In house Youth Groups Governance costs 129.934 128,951 129,934 128,951 4,937 132,765 79,271 4,637 4.937 258.885 4.937 263,822 216.673 10. (Xh8r expenditure Unreslrithd Tolal Funds Unrestricted Total Funds Funds 2025 Funds 2024 Loss on disposal of tangible [e assets hdd for charity's (wn use 11. Net galnslllosses) on investments Unreslricted Totsl Funds Unreslricted Total FurKIs Funds 2025 Funds 2024 Realised gainsllbjssesl on listed invesbmenls Unrealise(I Ibsses) on listed inveslments 198 198 412 412 78.91Y2 78,902 362,266 362,266 Net gainsllb)ssesl on investments 79.1Tr) 79,1 362,678 362,678 23
Hitchln Youth Trust Company Llmited by Guarantse Notes to the Financial Statements Year ended 31 August 2025 12. Net Income Net income 15 Stalgj after Chargin(Cl.n9)'. 2025 2024 Depreciation of tangib fixed assets Fee5 payable for the audi( of the financk31 s1aleffts 715 1.485 780 1,485 13. Staff Costs The total staff costs and employee benefs for the tIng pem)d are anatysed as follows.. 2025 2024 Wages and salaries Employer rnntribul)ns lo pens)n plans 17,869 349 16.265 311 18.218 16.576 The average head couni of employees during the year was 1 12024". 11. The average number of fv114ime equant erwoyees durir#J the year is analysed as foltrws.. 2025 No. 2024 No. Number of staff No employee received empb)yee benefits of more than £60.000 during the Year124.. Nill. 14. Trustee rernuneration and expenses The Trustees of Ihe charrty provth their seplices voluntarily and have receNed no rernuneratn or other benefrts from the charty and e not induded in the staff costs anatysis. 24
Hltchin Youth Trust Company Llmlted by Guarantee Notes to the Financial Statements (¢onttnL*dJ Year ended 31 August 2025 15. Tanglble fixed assets FumittFre. Freehold Fixlures Land and and Building Equipment Total Cost or valuatlon At 1 Septernber 2024 Addition5 Disposals 121.429 8,782 130.211 At 31 August 2025 121.429 8.782 130,211 Depreciation Al 1 September 2024 Charge for Ihe year Disposals 7,486 715 7,486 715 At 31 August 2025 8.201 8,201 Canylng amount At 31 August 2025 121.429 581 122.010 Al 31 August 2024 121.429 1,296 122.725 The value ofthe original grfl of the property in 1945 was £3.500 and the cost of improvements was £117.929. The total cost of land and buiklings therefore £121.429. 16. Investments Cash or cash equivalents Listed investments Total Cost or valuation Al 1 September 2024 Purchase of investments from cash accounts Movemenl of cash held in managed funds Disposal of inveslmenls IrKome from inve51rnenls Portfolio management fee5 paid in the year Withdrawal to Barclay$ rn1 account Fair value movements 290.058 152.108) 55.715 3.034 213,936 112.397) 1155.6441 4,940,087 52.108 155.7151 (3.0341 5.230,145 213,936 {12,3971 1155.6441 79,100 5,355.140 79,100 At 31 August 2025 Carrying amount At 31 August 2025 At 31 August 2024 342.594 5.012.546 342,594 5,012,546 5.355.140 2.058 4.940.087 5,230,145 All investments swn above e hehj al valuats"on. 25
Hitchin Youth Trust Company Llmfted by Guarantee Notes to the Financial Statements f¢onl) Year ended 31 August 2025 16. Investm•nts (¢ontlnuedJ Financial assets held at fair value The market valuations were supplied by Cazenove Caprtal and are ¢onsJered lo be the reath.ty available martet prices al the year end. The investments are split as follows.. 2025 2024 Bond investments Equty investments Aweinalive investments Cash held within muhi-asset fund Accounts and Investrnenls on cal 520,CE7 3,833,605 658,874 179,923 162,671 595.561 3,683.877 660.649 124.207 165.851 5.230.145 5,355.140 Historical cost at 31 August 4.0,360 4.914,268 17. Dobtoys 2025 2024 Prepayments and accnjed IncC Other debtS 5,048 17 4.858 5.065 4.875 18. Creditors.. amounts falling due wilhin one year 2025 2024 Grants approved unpaKI Accruals and deferred income Other eredil¢Jrs 55.943 8,222 620 51,203 8,059 620 64.785 59.882 19. Penslons and other post retlrement nefft$ Defined contribution plans The amount rec(yJni5ed in inctyne or experKliture a5 an expense in relatK)n to defined conlribution plans was £34912024. £3111. 26
Hltchin Youth Trust Company Limited by Guarantee Notes to the Financial Statements (conlinwd) Year ended 31 August 2025 20. Analysis of charitable funds UnrgStrl¢lgd funds At I Seplember 2024 Transfer At between 31 August funds 2025 Gains and (bssesl IncLYne Expendrtu General fvnds Capital expenditure fvNJ 5.235,9)3 265.429 (275.6751 79.1 5.304.7S7 122,725 {7151 1276.39)) 122,010 5.358,628 265,429 79,1 5.426,767 Al I September 2023 Transfer At between 31 August funds 2024 Gams and Ikjssesl Inconp Expenditure General lunds Capital expenditure frjnd 4.834.840 266.299 {227,9141 362.678 5,235.903 123.505 (7801 266,299 (228.694) 122.725 4.958,345 362.678 5.358,628 21. Analy$l$ of net assots bolwegn funds UnrestrLted Funds T¢>tal Funds 2025 Tangible fixed assets Investments Current assets Credi(ors less Ihan 1 year N•¢ assets 122.010 5,355,140 14.402 164.785) 5,426.767 122.010 5.355,140 14.402 (64.7851 5.426.767 Unrestitled Funds Total Funds 2024 Tangible red assets Investments Current assets Credilors less than 1 year Net assets 122.725 5,230,145 65,640 (59.882) 5.358,628 122.725 5,230.145 65.640 159.8821 5.358,628 27