The trustees present their annual report and financial statements for the year ended 31 March 2026.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)".
Young Gloucestershire ("YG") is a countywide youth work charity in Gloucestershire.
The objectives, for which the charity was established, as described in its governing document, are: ‘helping young people to develop their physical, mental and spiritual capabilities or to provide such other help and support to young people as the Trustees see fit, including the relief of poverty, the advancement of education, the advancement of health, the advancement of citizenship and community development, the advancement of the arts, culture, heritage or science, the advancement of amateur sport, the advancement of human rights, the advancement of equality and diversity, the relief of those in need by reason of youth, age, ill-health, disability or other disadvantage, and such other purposes recognised from time to time by law as charitable.’
This can be summed up in the phrase ‘inspiring young people’.
YG's Vision is:
For young people to have the confidence, motivation and skills to improve their lives.
Our Mission:
We work to achieve this vision by creating opportunities that educate, inform, and inspire by;
Providing training for young people to take the next step;
Working with young people to make informed decisions by offering practical support;
Working with communities to provide opportunities for young people.
Our Values:
Participation: Young people are at the heart of our service.
Flexibility: We respond to the changing needs of young people.
Equality: We support all young people to reach their potential no matter their circumstances.
Partnership: We value working with like-minded communities and organisations to achieve our vision.
Young Gloucestershire is the local association for UK Youth and the countywide delivery partner for King’s Trust Teams.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
The charity aims to create opportunities that educate, help and inspire young people. The projects are targeted to help any young person in need with no discrimination regarding race, background, education or ability.
No charge is made to the young people being assisted, a fee may be charged to another organisation.
Young Gloucestershire's areas of work in 2025/26 focused on supporting young people’s mental health challenges, gain the skills needed to find meaningful employment, mentoring, support those on the edges of the criminal justice system, and to wrap around and support the whole family unit.
Over this period, we have continued our growth and developed several new services to respond to the needs of young people in the county.
There continues to be a specific focus on our mental health services and support for young people to re-engage in education, as well as mentoring programmes aimed at young people who are considered at risk.
Items of note in the 2025/26 period were:
The difficult climate for charities to operate in continued in 25/26, YG continues to make adaptions to the structure and operations to ensure financial stability in the current climate.
We were pleased that many of the funding sources in 24/25 were recommissioned and allowed us to continue delivering vital services to young people. Although in 25/26 we increased our reach and supported 21% more young people than 24/25 we continue to see an increasing demand for our services and we are struggling to identify the funds to meet the growing demands which means we are seeing an increase in wait times for young people to access our services.
An area of significant note is the launch of the youth work apprenticeship programme upskill the sector, build relationships and increase opportunities to work in the youth work workforce is advancing. We are keen to continue to offer this service across the country. We are pleased to have 18 youth work apprentices registered and in training with us during the year.
We have continued to work in partnership with a number of organisations across Gloucestershire including Gloucester Hospital, Young Adults Service, The S19 partnership, Office of Police and Crime Commissioner and a range of voluntary sector organisations to ensure we can meet the needs of young people and capacity build in the sector.
During the year, the charity worked with 6,342 young people through one-to-one and group initiatives providing intensive support to young people.
There are some key demographics of those we supported this year:
25.7% of Children, young people and families (CYPFs) we support need some form of safeguarding support
21% of CYPFs we support have experienced significant levels of trauma, with an ACEs score of 4 or above
27.77% of CYPFs in service with YG received support around access to education and other learning and development,
46.72% of CYPFs in service receive therapeutic and counselling mental health support and
34.5% of CYPFs received another form of support or mentoring.
YG provided 1,402 travel bursaries to support CYPFs in accessing education, training, work and support services, both with YG and beyond.
YG Staff travelled over 133,483 miles to provide CYPFs access to YG support.
69.3% have shown improvements on their mental health and wellbeing (WEMWBS score increase), with the average score increase in the Warwick Edinburgh Mental Wellbeing survey amongst improvers being 8.5.
Education and Development Highlights
The Education and Development team continued to focus on supporting young people missing from education or employment. The key services provided:
Transition chat – had 298 young people were referred aged 16 and 81% made an application to post 16 destinations.
S19 – Supporting 216 young people not in education to have their voice heard and progress back into education.
King’s Trust Team- supporting 126 NEET young people to gain the skills to progress into work.
Mentoring and Families Highlights
This area of work has continued to expand and diversify its offer:
The hospital programme continues to be successful, and we supported 232 young people on this programme, with sedation on the ward reduced by 98%, safe holding is down by 82% and it being identified that Youth work on the ward was one of the interventions that contributed to a reduction in Registered Mental health Nurses spend of nearly 1 million pounds between 2022 and 2025
Arcus – providing 105 children, young people and families support around gender diversity
Ukraine youth work – providing support to young people who have been displaced by conflict.
Drugs and alcohol – supporting 99 young people who are involved with drugs and alcohol
Online Navigation – supporting 107 young people at risk online
These programmes and many more in the department are allowing us to respond to emerging needs of young people.
Therapeutic Services Highlights
Our core mental health offer providing support to young people 16+ has continued to respond and meet the needs, we are proud to have undertaken external research which clearly shows the value of the programme and the achievements of the work, and we will be sharing the outcomes of this work in coming months.
Flourish – The Flourish programme continues to grow, and we have seen a significant increase in referrals for this programme in 2025/26.
The Fusion programme – supporting young people discharged from Wotton Lawn has come to the end in this year, this programme supported some of the most at risk young people as they reintegrated back into the community.
It has been a challenging year for fundraising with the competition for applications continuing to be fierce. However, we continue to develop our fundraising approach.
Any voluntary regulated scheme binds none of the fundraising undertaken.
If a fundraising event is organised on behalf of YG, information on how to do this is provided on our website, but this activity needs to be monitored. We have received no complaints regarding fundraising.
The expectation for 26/27 is to continue implementing the new fundraising strategy to enable the financial security of the charity and the growth of services to meet demand.
Young Gloucestershire's financial performance remained strong.
Total income was £3,565,299 (2025: £3,621,870) Expenditure for the year was £3,598,959 (2025: £3,546,240); We aim for full cost recovery wherever possible, but certain projects will never be self-supporting, so we look to diversify income streams to cover shortfalls in those activities that e form an essential part of the charity's aims and objectives.
A net total of £161,966 (2025: £160,981) has been transferred from the unrestricted fund to the restricted fund in this financial year. The total net income for the year was £4,894 (2025: £76,582).
This leaves the charity with general unrestricted funds of £665,021, designated funds of £1,068,450 and restricted funds of £639,468.
The trustees have a policy to hold in liquid free reserves, (as net cash and readily available investments) an approximate sum required for continuing the operation of the charity for three to six months. The trustees are of the opinion that an appropriate level of liquid free reserves would be in the range of £380,000 - £750,000. This would give time, in the event of a curtailment in income, for further funding to be secured.
At the year end, the charity was holding as net current assets a sum of £501,461 of which £43,647 were restricted and so unavailable for general use. This leaves the charity with liquid free reserves of £457,814. The charity is therefore meeting its objectives.
The financial statements detail the sources of funds available to the charity.
Incoming resources which warrant a separate mention are as follows:
· £173,170 through colleges for the funding of King’s Trust Team programme.
· £1,452,535 from the NHS Gloucestershire Clinical Commissioning Group for the work of our mental health and counselling services.
· £1,219,563 for the delivery of the transitions and S19 support services as well as a travel bursary and HAF from Gloucestershire County Council.
The charity has also received funding from a variety of other sources including:
Pets at Home
Capital Group
The Prudence Trust
Henry Smith
Charles Hayward
Big Lottery
Waite & Hayward
St James Place Charitable Foundation
The Dr Martens Foundation
The Rausing Foundation
The Ernest Cook Foundation
Tewkesbury Borough Council
Office of Police and Crime Commissioner
Cheltenham Borough Council
All of whom provide funding to enable the charity to carry out its charitable objectives.
Young Gloucestershire investments are managed on our behalf by LGT Wealth Management LLP. The figures below do not include Treasury Management funds.
Investments are distributed in various asset classes, the details of which are included below. The Investment Committee sets the overall performance and ethical parameters under which our investment managers operate.
The primary objectives of our investment portfolio are to:
Generate long-term income.
Maintain an appropriate balance between equities, bonds, other investments, and cash to spread and manage risk.
The total return on our portfolios over the financial year was a positive return 6.7%
The trustees and staff assess on an on-going basis the significant risks to which the charity is exposed, in particular those related to the operations and finances of the charity and to the health and safety of its employees and the public. In doing so the board of trustees has created a risk register that brings all the risks from across the organisation together and highlights the key risks for the organisation.
The current top risks for the organisation are:
Recruitment of appropriate skillsets – this has improved in the last year, with the introduction of youth work apprenticeships.
Funding – the current funding environment is uncertain; there is a lot of competition for limited funding amounts and little long term commitment which impacts planning.
AI introduces a whole new world of risks for staff and young people and needs to be factored into a review of our policies.
The following strategies have been put in place:
Recruitment of Appropriate Skillsets
Over recent years YG has found it needs a wider and more varied skillsets to deliver the services we deliver. The services we deliver are reliant on the skillset of the staff delivering these services. YG has been widening the range of qualifications it seeks and exploring the development opportunities available to the team to ensure we can meet these needs. As the organisation is growing, we are diversifying our skills and this is having a positive impact. The launch of the youth work apprenticeship means we have had 6 youth work apprentices working for YG training in the role and the plan is to continue to expand this.
Our plans for the future are to continue developing services that meet the emerging needs, themes, and trends we see among the young people we serve.
Key areas of focus for 26-27 are:
The continued development of a new data base which we hope to launch in the year.
The continued growth of the youth work apprenticeship programme seeking to train at least 50 youth workers.
The development of a management apprenticeship for the VCSE sector.
Further development of mental health youth work offers for 11–16-year-olds.
The development of a new strategy in line with the changing environment.
Seeking to grow our support for young people 11-16 particularly around those self-harming, facing anxiety and those with emotional based school avoidance.
The charity's registered office and registration numbers are recorded under legal and administration information. The charity is a charitable company with no share capital and is limited by guarantee. The governing documents of the charity are the Memorandum and Articles of Association.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
All trustees give their time voluntarily and receive no benefits from the charity. There were no expenses claimed by trustees during the year.
The Board of Trustees has a wide range of specialist skills and experiences which include:
Finance
Building Surveying
Youth Work
Personnel Management
Project Management
Community Safety
Business Management
Education & Welfare
Legal
Voluntary & Community Sector
New trustees are selected by recommendations for their experience to fill skills gaps, or through advertisement and an open recruitment round.
New trustees are introduced to the managers and staff by the Chief Executive and spend time getting to know the activities of each department during their induction as well as visiting programmes and projects.
None of the trustees has any beneficial interest in the company.The Board of Trustees oversees Young Gloucestershire’s programmes and services in order to ensure Young Gloucestershire meets its objectives, strategic plan and legal requirements.
The Board of Trustees is responsible for setting the strategic direction of the organisation and delegates the implementation of this policy to the Chief Executive and managers. This delegation is kept under review through regular board meetings. The trustees receive reports, department’s performance against planned targets and financial reporting ahead of the formal Board Meetings.
The organisation has a range of policies and procedures appropriate to the range of work, responsibilities and legal regulations including:
Safeguarding
Health & Safety at Work
Equal Opportunities
Complaints
Financial
Risk
Data Protection & Privacy
The charity employs a CEO who manages the organisation, she is supported by a senior management team who have specific area focuses.
The board of trustees delegate the day to day responsibility of operations to the CEO and senior management team. The trustees undertake a strategic review periodically and this was completed during the financial year. This sets the direction and parameters of the work. Trustees meet bi monthly to review progress against priorities set and ensure the organisation is compliant. In addition finance committee meetings are held monthly.
The senior management team meet monthly to review progress and set the direction and focus to achieve the strategy.
Young Gloucestershire has a staff salary structure, and roles are analysed against this.
The trustees each year make the decision for the whole organisation in relation to a cost of living pay rise based on the current market situation. A cost of living pay rise was agreed in January 2026 and will be implemented for April 2026.
The board of trustees sets the salary of the CEO and COO.
Young Gloucestershire is active in numerous local county, regional and national partnerships including:
Gloucester VCS Alliance
UK Youth
Young People South West
Gloucester, Tewkesbury, Cotswolds, Forest of Dean and Cheltenham ILP/ICB
Health and Wellbeing Board
Coalition for the wellbeing of children and young people.
In accordance with the company's articles, a resolution proposing that Pitt Godden & Taylor LLP be reappointed as auditor of the company will be put at a General Meeting.
The trustees' report was approved by the Board of Trustees.
The trustees, who are also the directors of Young Gloucestershire Limited for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Opinion
We have audited the financial statements of Young Gloucestershire Limited (the ‘charity’) for the year ended 31 March 2026 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements:
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Other information
The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of our audit:
the information given in the trustees' report for the financial year for which the financial statements are prepared, which includes the directors' report prepared for the purposes of company law, is consistent with the financial statements; and
the directors' report included within the trustees' report has been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report included within the trustees' report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of trustees' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit; or
the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the trustees' report and from the requirement to prepare a strategic report.
As explained more fully in the statement of trustees' responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud, and non-compliance with laws and regulations, was as follows:
• We identified the laws and regulations relevant to the charity from discussions with the board and the finance team. The laws that we consider may have a direct material effect on the financial statements or the operation of the charity include the Charities Act 2011, the Companies Act 2006, employment, health and safety, and data protection.
• We ensured that the audit engagement team collectively has the appropriate competence, capabilities and skills to identify non-compliance with the applicable laws and regulations noted above.
• We assessed the extent of compliance with these laws and regulations through enquiries with the trustees and members of the finance committee and inspecting legal costs, and assessing any correspondence with the Charity Commission over the year.
We assessed the susceptibility of the charity’s financial statements to material misstatement, including obtaining an understanding of how fraud may occur, by:
• making enquiries of management as to where they considered there was susceptibility to fraud, and their knowledge of any actual, suspected and alleged fraud;
• assessing and testing the internal controls in place to mitigate fraud risks and non-compliance with laws and regulations.
To address the risk of fraud through management bias and override of controls, we:
• performed analytical procedures to identify unusual or unexpected transactions;
• assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias;
• reviewed a sample tested journal entries to confirm that they were genuine transactions.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
• agreeing financial statement disclosures to the underlying supporting documentation;
• reviewing the minutes of meetings of the board as to actual and potential litigation and claims;
• checking for correspondence from the Charity Commission.
There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the trustees and other management and the inspection of regulatory and legal correspondence, if any.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: http://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
Investments
Raising funds
The statement of financial activities includes all gains and losses recognised in the year.
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
Young Gloucestershire Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is The Old Dock Office, Commercial Road, Gloucester, Gloucestershire, GL1 2EB.
The financial statements have been prepared in accordance with the charity's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain financial instruments at fair value. The principal accounting policies adopted are set out below.
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Designated funds are funds set aside by the directors out of unrestricted general funds for specific future purposes or projects.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Gifts of assets are included in the Statement of Financial Activities at the fair value of the donated asset at the time of donation.
When donors specify that amounts given to the charity must be used in future accounting periods, the income is deferred until those periods.
When donors impose conditions which have to be fulfilled before the charity becomes entitled to use such income, the income is deferred and not included in incoming resources until the preconditions for use have been met.
When donors specify that donations and grants are for particular restricted purposes, which do not amount to preconditions regarding entitlement, this income is included in incoming resources of restricted funds when receivable.
Income/receipts from the Government and other agencies which relate to a contract for services have been included as income from activities in furtherance of the charity's objects once the service has been delivered.
Resources expended are included in the Statement of Financial Activities on an accruals basis. Inclusive of any VAT, that cannot be recovered.
Governance costs include those incurred in the governance of the charity and in connection with the administration of the charity and compliance with constitutional and statutory requirements.
Support costs are those costs incurred directly in support of expenditure and have been allocated to activity cost categories on the basis of staff time or usage per capita.
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost.
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits and redundancy costs are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
Community
Development Team
Other income
Sales within charitable activities
Raising funds
Community
Development Team
Direct : Other staff costs
Direct expenses
Premises costs
Community
Mentoring and Families
Post 18 Drugs and alcohol- Working in partnership with the county drug service, providing drug and alcohol support specifically for young people 18-25
11-18 Drug and alcohol support – Supporting young people in schools and community with Tier 2 drug and alcohol support and delivering awareness raising sessions.
Mentoring (Full Circle) provides mentoring to young people 10-18 as an early intervention for those at potential involvement in crime, at risk etc... This mentoring programme will be delivered by volunteers and paid staff depending on need.
Pathways – Supporting young people with disabilities one to one as they leave education to remain engaged in their communities.
Therapeutic parents – Providing face to face or telephone support to families who have mental health challenges. Providing a casework approach meeting a variety of needs and acting as an advocate when needed
Hidden Victims of Crime – Providing support to families who have a loved one in prison. We assess the needs of the family and design an intervention to respond to needs of the individuals. Support can include help with sorting housing and benefits, understanding the court system, telling children, liaising with agencies or improving mental health and well-being for the children.
Gloucester Hospital project – supporting young people admitted to hospital facing challenges with mental health, providing one to one youth work and community support on returning home.
ARCUS family – Providing support to families of children and young people who are questioning their gender identity, to support the challenges this creates.
ARCUS youth -providing support to young people who are questioning their gender identity, providing support to work through these challenges.
Ukraine refugee – Supporting Ukraine young people 11-18 who are in the UK, embedding them in communities, work or training.
Step Down Youth Worker – Supporting young people with practical steps as they leave the YAS service.
Therapeutic Services
Link chat - Each young person has an allocated youth worker who provides regular emotional, wellbeing and practical support to work through the challenges a young person is facing, (16-25) support can be face to face or phone, text, zoom.
Linked up+ - Providing a youth worker who focuses on practical steps and a counsellor who focuses on mental health seeking to provide long lasting coping mechanisms for young people to manage their mental health 16-25 specifically for young people in care or leaving the care system 16-25 (working in partnership with Infobuzz)
Flex – Providing a youth worker and counsellor to provide support to young people 16-25 who have struggled with mainstream mental health services and require mental health support
Bounce – Providing a youth worker and a CBT counsellor to support young people who are self-harming. 14-25
Bounce + - Providing youth work-lead support for young people who are suffering with self-harm. This is a Cheltenham based service 14 - 25.
Link Chat+ - Seeking to respond to the growing needs of mental health challenges in young people, a youth work led mental health service based in Cheltenham supporting young people with face-to-face mental health support.
Flourish – a pilot group work programme seeking to reduce the CAMHS waiting list providing support to young people through group intervention.
Bluebells – providing mental health support to young people working in partnership with Cheltenham PCN/Forest PCN seeking to provide early intervention support.
Development Team
Education and Development services
Transition chat - Providing one to one support to young people and their families from mainstream, Alternative provision, hospital education and SEND schools to ensure they have a positive transition into next step education or training once completed school or are in year 12.
Princes Trust Team - Providing a 12-week programme designed to teach young people all the skills required to move from NEET to EET. Teaching key skills, improving CVs and gaining practical experience (16-25).
Apprentices programme – A commitment to employ three young people apprentices to work across YG in different areas to develop young people’s futures.
S19 – Providing support to enable young people who are not in engaging school to have their voice heard in relation to education choices.
Apprenticeship training - Delivering level 3 youth work apprenticeships across the South West (and beyond) to train the next generation of youth workers.
Level 4 youth work - Delivering level 4 youth work training to build skills in the youth work workplace
Actual staff costs
Use of assets
Other staff costs
Proportion of staff costs
Office costs
Proportion of staff costs
Premises costs
Proportion of staff costs
Marketing costs
Proportion of staff costs
Finance costs
Proportion of staff costs
Other governance costs
Included in finance costs is interest payable on the bank loan of £2,421 (2025: £3,537).
Governance costs includes payments to the auditors of £7,500 (2025: £7,499) for audit fees. A further £nil (2025: £10,440) was paid to the auditors in respect of non- audit services - other financial services
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
The average monthly number of employees during the year was:
The number of employees whose total employee benefits for the reporting period fell within each band of £10,000 from £60,000 onwards are shown below:
The remuneration of key management personnel was as follows:
The above figure is for an average of 8 staff (2025: 9 staff).
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
Freehold land and buildings with a carrying amount of £1,144,532 (2025 - £1,167,855) have been pledged to secure borrowings of the charity. The charity is not allowed to pledge these assets as security for other borrowings or to sell them to another entity.
The long-term loans were paid off during the year ended 31st March 2026. They were secured by a debenture comprising fixed and floating charged over all assets and undertakings, including all present and future freehold and leasehold property, book and other debts, chattels, goodwill, uncalled capital, both present and future, together with a first legal mortgage over the freehold property known as 1 Dock Office, Commercial Road, Gloucester.
Deferred income is included in the financial statements as follows:
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
Gains and losses
Gains and losses
The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:
In addition to the building fund, at the end of March 2025, the Trustees designated further funds as shown in the table below. When Young Gloucestershire took over the work of Infobuzz and received the funds as a donation, part of the agreement was that Young Gloucestershire would hold that money as designated funds for a minimum of three years to ensure the services of Infobuzz continue.
The investment portfolio and cash held for investment relate to fund received from a donor, and Young Gloucestershire want to use those funds to create a long-term legacy.
Gains and losses
Unrestricted fund
Designated fund
Restricted fund
Unrestricted fund
Designated fund
Restricted fund
At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:
There were no disclosable related party transactions during the year (2025 - none).