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 In￿Me 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 Dir￿t￿$ 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
Christ￿n Lbyd-vlllliams
Julia CamKyJy
Lucy Walder
Andrew Baker
Gail Chrisley
Res*Jned 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 H￿h Street
Hrtchin
SG5 1BJ

Hitchin Youth Trust
Company Llmlted by Guarantee
Trustees. Annual Report (Incorporating the Directors, Report) (cL￿tI￿￿ed)
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 opp￿unfy 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 Distr￿1 Councils),
and lo prowde and maintain the facilthes made avaiLable for youth organisatKJns al 111 Walsworth
Road, Hitchin, Herrfordsh￿e. 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¢fv￿e
This is achieved by utilising the investmenl relums to provide grants to eligible Olg￿l$allOnS and
indivKluals and to proV￿e 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 gu*anlee meorporaled on 29 Octotw 1945 (Company number.
00399872, RegiSte￿d 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 A5SOCkat￿n.
Public Benefit
The Trustees have p￿d due regarf to the Charrty Commission's Public Benefrt Guidance and complied
with Section 17 of the Charrties Act 2011 in exercising Ih*r 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 app1Kal￿nS 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
spons￿le for..
overseeing and SerV￿l￿g all commrttee5
ensuring that the offices are administered effKienlty
ensuring that all appropriate papers are passed to the r￿e￿I 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 ￿con￿nendaIlons 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 Man￿erS period￿alty. typiealty three Irnes per annum
To report lo the Main Council in order thai they are aware of the investment strategies of
the InveSt￿nI managers and perfofmance of the ￿rtfO
Fabric Commitlee
To ensure thal the premises and grourKls from wh￿h the Trust oper*es and provides
facilit￿S for youth gr¢)ups, are property maintained and conyty wrth appropriate slatulory
requirements
To report to the Main Council of W￿kS 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 mak￿g Tecommendalions to the
Main Council
Publ￿ Relat￿nS 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 ¢L￿pIlant. 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 effe￿iv￿y.
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 Info￿at￿n 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 C￿teXt 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￿)$ed Trustees rtteive brieffings of Ihe Trusfs a¢h￿V8￿￿nts, its future plans their
responsibilities.
All existing Trustees and proposed Trustees are expecled lo familiarise themselves wrth the Charity
Cc¥nmission's Guidance CC3"The Essentt"al Trustee" Ccrfnpantes House dccumenl"Life of a Company
Part 1. Annual Requirements-. the Menvandum and Articles of Asscciathjn and are Issued with a copy
of the last fi.nancial statements to enhan￿ they urKlerstsnding of thw'r stslulory responsibilities.
All Trustees have access to Irdining ￿portu¥￿tIeS.
Hrtchin Youth Trust has continued with rt5 Mer￿[shIP of North Herts Centre for Voluntary serV￿e
(NHCVSI and attends regular meetings of the North Herts Youth Actlon Group which is chaired by the
Cc*nmunity Engagement Team at North Herts DistrKt Counul. Membetship of NHCVS gives the
Trustees ac¢ess to training and 9ovemance assistance akjngside other k>cal Trusts and Charities.
Attendance al the meetings has provided a nebvork to find OLrt more about other youth organisalions in
the area. This link has creat&J increaséd awareness ofthe Trust in the area and furtherenquirkgs about
grant appli¢ation$.
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 pr￿edureS are then PrO￿t￿ 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 eS￿lI￿hed p￿tIce of prov￿Ing financial support for
voluntsry youth organis*KJns and VKIIV￿uals in Hrtchin and District (the former Hitchin Urban and Rural
District Councils).
Grant A*J aw¥ds approvèd during the year were".
2025
2024
OrganiSat￿nal •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
Uncl￿Med grants therefc￿e CanCel￿d
14,9561
19.566
The Trust's a￿0MModa￿.on cffl the ground I1￿r 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 ts￿et 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 Venti￿tIon in Ihe
SUn￿er. 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 P￿aSed 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 f￿lfft

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 cygantsat￿nS representing over 1,000 young
people and 98 indivhdual awards, aswell a5 providing the use ofthe premises lo ar￿nd 15 youth groups,
catering for approximalety 180 young pecyle each week.
Awarding grants lo individuals and youth c￿an1$0￿9ns enables young people in the area to take part in
a variety of activbties and benefrt from help that woukl not otherwise be available lo them.
Individuals have receNed financial support from Hitchin Youth Trust to cover the cost of sports aclivrties
and eXtr￿UrTicUlar*ivrtle$. 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$, show an inciedible amount of talent arKI Cunrnitrr￿nt.
The Trust pays a number of small bursarEs yeaf to students from families suffering financial
hardship. The bursaries are I￿1 intended lo cover fees a￿1 accommLxlatK)n expenses bul can help lo
purchase equipmenl for ￿l￿ge courses or help towards activrtres vthile at Univer5ty, therefo
enhancing student's exFjw￿n￿.
The Trust continues lo financialty svpport prwnary schc*)I residential lrips for those lamilies who cannot
afftird lo send their children. This gives the children the chance to eyierKe a trip away from home
before they start at secondary schcol.
We have continued to fund a 4-week mindfvlness course offered to all year 6 da5ses in primary schools.
This was first offered after the pandemic and give$ young people excellent lools lo help with their
transition to secondary.
Hrt¢hin Youth Trust are pro(tyJ lo have remaingj inVo￿ed with Ihe Hrtchin F￿d 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 p￿rnOte 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 a￿ayS
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 p￿aSed 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 ne￿I￿kIng acros5 the office user groups. This
has led us to draw up pL3ns lo refU￿1$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% ffleasu￿d 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. tYp￿alty 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 r￿1 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 refl￿tIng this are shown in note 16.
In line wrth the Trust$ investnpnt poI￿y. 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 reqUi￿n￿ntS.
Flxed Asset Investments
Note 16 sh(yws the split ol the portfolto beh￿n 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 PraCt￿e appI￿ab￿ 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 rr*mbership with the necessary skims. kncwiledge and experience
lo ensure the continuity of the Trusl and rts obl"￿t￿e5
To conlinug lo WO￿ closely with rts investment manwjers lo ensure a p￿1•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
se￿￿e$ and facilities available
To conlinue the rolling 10-year Maintenan￿ budget. to ensure faCilit￿S are kept to the highest
usable standards
Tw$l•o$' re$ponsibiliti•s statement
The Trustees, who are also Directors for the purposes of company knv, are ￿sponS*)Ie for preparing
the trustees, report and the financial statements in accordance with appluble law and Untted KiNJdom
Accounting Standard5 (United Kingdom Generalty Awpted Accounting Practs.￿l.
c￿1panY law requires the Charty tTuslee5 to prepare financial statemenls for each year wh￿h gNe a
true and fair VI￿ of the slate of affairs of the charrtable company and the incoming resources and
appI￿allOn of resources, including the inconE and expendilure. for that period.
In preparing Ihese financial statements. Ihe Trnstees are to".
S￿ect Surtable accounting poliC￿S arnl then q)pty them consistentty..
observe the methods and prinapbes irb the appl￿￿ Charrties SORP",
make judgments and accounts.ng estMrAtes that &e reasonable arnl prudent..
prepare the fIna￿la1 statements on the going COr￿n basi% un￿S rt is inappropriate lo presume
that the charty ￿11 conlinue in business.
The TnJslees are responsible keeping adequate accounlirig records that are sufficienl lo
demonstrate and explain the charity's transact*)ns and disclose wrth reasonable accuracy al any time
the financial position of the ¢haiity and enable them to ensure that the financial stalemenls compty wrth
the compan￿ Act 2006. They are also responsib￿ for safeguarding the assets of the charty and hence
for taking reasonable steps for the prevent￿fi and detection of fraud and other irTegularilEs.
The Trustees folknvthe pfin¢l￿e$ of good governar￿e 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 legislat￿n in other jurisdict￿ns.
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 confi￿n5 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 r￿ght lo have taken as a Trustee to make Ihemsdvgs al￿re 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 accordar￿e wrth the pwswJn$ applKable to Q￿bpanIeS 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 Stat￿entS of Hitclmn Youlh Trust (the 'charity'l for the year ended
31 August 2025 which comprise the Statement of Financkql Activit￿s. Statement of Financial Posrtion
and notes lo the financial slalemenls, including a summary of S￿nI￿ant accounting policies. The
ffinancial reporting framew(yk thal has been aPpl￿d in their preparatKJn is applicable law and United
K￿gdOM 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 &cc*dance with United Kingd￿ Generally A￿epted 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 seCt￿n 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 prov*Je 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 cc4*tNety. may cast signrficanl doubt on the charrty's abilrty to
continue as a going con￿rn 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 (¢oftdnu*d)
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 f￿anCIal sL*ments and our Report of Ihe Independent
Auditors Ihereon.
Our opinion on the finan￿al Statements does not eover the other infomiation and we do not express any
form of assuiance conclusion Ihereon.
In conneetiort with our audit ofthe I￿anc￿l 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 kn￿kdge 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
inf0Mat￿n, 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 Re￿t for the financial year for which the financk?I
slalemenls a￿ p￿pa￿d is u>nsistent wrth the financial slatements; and
the Truslees. Amnual Report has been prepared in xcordance wi(h appI￿able 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 env1ff￿menI obtained in the course
of the audrt, we have not Identff￿d material misstalements in the Trustees, Annual Report.
We have nolhiry lo report in respect of the follcming mattws wi relatson to wh￿h the Ccfflpanies Act
2￿6 requires us lo report to you *. in q)mh)n".
adequate aCC￿jnIIng records have not been kep( or retums alequate for our audil have n¢X been
received from branche5 not visited by us.. or
the financ￿1 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 explan*ion$ 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 mc*e lulty in the Iwslees. wPons￿lI￿*S 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 preparat￿n 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 financ￿1 State￿￿ts. the Iwstees ￿e Te5pons*i￿ 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 un￿sS 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 slaleff*nts 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 a￿ayS delect a material
misstatement when rt exists. Misslalements can arise from fraud or errLY and are conSide￿d 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-conyIk4r￿e wrth Laws and regulations. We design
Procedures in line wi(h our respons*jilit￿s. oullined above. to detect material misslatemenls in respeci
of irregularf(ies. including fraud. The extent to wh￿h our pr(￿edureS are Capab￿ of detecting
irregularitie$, in¢lL*Jing fraud is detaded bekm".
Base¢J cfi our understanding of the enlity and sector in wh￿h it cyerates. we Klenlrf*d the prinupal risks
of non-compliance with laws and regulat￿n$ rel*ing to charitable companies and the application of
charitable funds. We also cons¥Jered ttrKJse laws and regulat￿nS Ihat have a direct impact on the
prepafation of the financial Statements. communicated idenb.fied ￿w$ and regulations throughout
our team and remained a￿rt to any ind￿at￿nS of r￿n-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-Co￿l￿rKe wrth laws and regulali¢)n$.
In response to the risk of fraud through management bos (including the rtsk of override of controls) and
the risk of irregularf(ies and nort-compliance wrth law5 ar￿ regulations. we designed Pr￿edureS which
included, but were not linrted to..
pgrforming anatyts.cal pr￿dureS to Klenlify unusual or unexpected transactions aTrJ balances
assessing whelhef judgements and assumplions made in deteThrining &counting estimates were
indKalNe of potential bias
checking income from and the value of investment$ against supporting statem￿lS
perfomiing completeness of income tests
checking granl expen(l((ure against truslees. council meetings
sample lesling of expense invoKe5 for appropnateness a￿1 correct allocation
checking calculatK>ns prepared by the company
lesl thecking the appropriateness ofioumal entnes
agreeing financkal st*ement disdosures to the underlying $w￿lIng 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 c￿r 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 eXp￿led to delect non-complrance wrth all
laws and iegulats'ons.
A further deseriplion of our re$￿S￿lIrtIeS for the audit of the financial slalemen15 15 hxaled on the
Financial Reporting Council's website al vfvM.tre.org.uklaudilorsreswnsilx"lilies. This descriplKin form5
pwt of our Report of the Independent Audit(Ks.
Use of our report
This report is made solety lo the Chari￿$ 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 (Sen￿r 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 liabilit*s
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 appI￿able 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 2￿6.
Accounting policies
Ba$1$ of pr¢paratl¢
The financial slalemen15 have b￿n prepared on the histor￿al cost basis, as modffie(I by Ihg
revaluatvjn of certain financral assets and liabilities and investsnent propert*s measured al fair
value through income or exr*nditure.
The firTrancial statements are prepared in sterI￿g. wh￿h is the functp)nal currency of the enlty.
Golng concern
There are ￿ material UnCert￿ntIeS &knul Ihe charty's abilty to continue.
Dlsclosure ex•mptlons
The entity satisf￿S the crrteria of being a qualrfying entrty as defir+ed li FRS 102. As such.
advantage has been taken of the following discbjsure exemptKJns aVaIL￿le 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 st*emenls wuires Manage￿ent to make jUdg￿￿nts, eslimales
and a$sumptk)ns that affect Ihe amounts reported. These estimates and judgements are
conlinualty {evw￿l and ale based on exper*nce atyl othei factors. including expectalws of
future events that are believed lo be reasonable under the eircumstances.
Fund a¢¢ountlng
unles1r￿ted funds are available for use at the di5cretDn of the trustees to further any of the
charity's purposes.
Desmjnated lunds are unrestricled fijnds eamwked by the trustees for particular future project or
commitment.
Restr￿ted funds are suty'ected to reSIr￿￿$nS on their expendilure declared by the donoroT through
the temis of an apwl and fall into one of tJ¥o sul>classes.' restl￿ets income funds or endowment
funds.
Incom5ng resources
All ￿C0ft￿ is Èncluded in the statement ￿ financ￿1 &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 poI￿leS are applied lo
particular Categories of income..
income Irom donations or grants is r￿gniSed w￿n there is ev#Jence of entitle￿nt to the
grft, receipt is probable and rts arrKJunl can be measured rel￿b￿.
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 lo￿1
area.
Donaled services and fa¢ilrties are recognised as expense when provKled and an equNalenl
amount reCOgn￿ed as income underthe appropnate heading in the stalement of financial aclivities.
The value ol services and f¥lIrt￿S prOV￿ed 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 d￿reaSed 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 Ma￿￿ement costs
19

Hitchin Youth Trust
Company Limited by Guarantee
Notes to the Flnancial Statements (r(wlIn￿dI
Year ended 31 August 2025
Accounting policies i¢onknu•d)
Re50urce$ expended
expendilufe on charilable acliwiEs indudes all cosls i￿￿rred 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 ￿rnn￿lment has
been made following Main Council approval lo make Ihe grant payment.
other expenditure includes all e￿Thd￿ure that is neither related to raising funds for the
harity nor part of its expenditure on charitable xtiv*ies.
Expenditure intludes any VAT wh￿h cannot be fvlty wovered. and 6 classif￿d under
headings of the statement of financial activiiEs to wh￿h 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
befv￿en the ￿t￿rtIeS they contribute lo on a reasonable. juslifiable and consistent basis.
Tanglbl& aT￿t$
Tangible assetsare inrtk41ty T￿orded 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 d*e 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 xtMt*s.
Depre¢latlon
Depr￿1￿10n 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 ff*asured at fairvalue.
If fair value cannot be relvably measured, assets are measured at eosl less Impalm￿l.
Listed inveslmenls are measured al far ¥a￿e 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 impairff*nl is caffied 04rt al each reporting date. with the re￿Verable
amount being estimated where such indicators e￿$1. Ihhere the carrying value exceeds the
rewerable amounl, lh& asset is impaired accordingly. Prior impairments are also reviewed for
possib￿ ￿ve￿al al e￿h rep(xtng date.
Financlal Instrurnpnts
A fir￿nCIal asset or a financial liabilrty is recc*Jnised when the entty beco￿$ a party to the
contr&tual proMsk)ns of the inslrumenl.
Basi¢ fina￿la1 instruments are inrtolly recognised at the amount recewable or payable ineluding
any reL*ed transaCt￿n cosls. unkss the arrangement constsbjtes a financirvJ transaction. wheTe il
is recognised at Ihe p￿sen1 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 art￿lIsed 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 Contr￿ut￿n pension plans are recc¥Jnised as an expense in the peri￿1 in
which the related servKe is provKled. Prepaid cOntribut￿nS are recogni5ed as an a55et lo the
extent that the pfepayrrEnt wll lead to a redL￿tKIn in future payments or a cash refund.
Llmit•d by guarantee
The COmp￿Y 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
Dc￿atIonS
1.367
1.367
Other donalion$ and legacies
Cost of providirrfJ facilf(ies free of
charge to olhei youlh c￿ganISa110
51.493
51.493
52,173
52,173
51,493
51.493
53,540
53,540
Investment income
vr￿S1￿Cted 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 un￿st17cled 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￿(C￿l￿.n9)'.
2025
2024
Depreciation of tangib￿ fixed assets
Fee5 payable for the audi( of the financk31 s1aleff￿ts
715
1.485
780
1,485
13. Staff Costs
The total staff costs and employee benef*s 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 equ￿a￿nt 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 Year12￿4.. Nill.
14. Trustee rernuneration and expenses
The Trustees of Ihe charrty provth their seplices voluntarily and have receNed no rernunerat￿n
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$ ￿r￿n1 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 ¢ons*Jered 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 debt￿S
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 r￿ed 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