**REGISTERED CHARITY NUMBER: 1036979** FOR THE YEAR ENDED 31 DECEMBER 2020 FOR CHUDLEIGH YOUTH CENTRE CHARITABLE TRUST REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 CHUDLEIGH YOUTH CENTRE CHARITABLE TRUST Greenwood Accountancy Ltd 5 Pellow Arcade Teign Street Teignmouth Devon TQ14 8EB CHUDLEIGH YOUTH CENTRE CHARITABLE TRUST CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 December 2020 Page Report of the Trustees 1 to 2 Independent Examiner's Report 3 Statement of Financial Activities 4 Balance Sheet 5 Notes to the Financial Statements 6 to 10 Detailed Statement of Financial Activities 11 CHUDLEIGH YOUTH CENTRE CHARITABLE TRUST ## REPORT OF THE TRUSTEES ## for the Year Ended 31 December 2020 The trustees present their report with the financial statements of the charity for the year ended 31 December 2020. The trustees have adopted the provisions of 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). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The objectives as set out in the governing document are to help young people through their leisure time activities so to develop their physical, mental and spiritual capacities, that they may grow to full maturity as individuals and members of society. ## **Public Benefit** The Trustees are aware of the Charity Commission's guidance on Public Benefit. Our activities are open to all young people regardless of background, faith, gender or personal circumstances. We believe this openness helps young people develop as individuals and encourages them to be part of the wider community. - faith, gender or personal circumstances. We believe this - year ended 31 December 2020 are attached and indicate in 2019 to £27,621 in 2020, due to a Covid response - A proportion of this grant was spent during 2020, decreased from £20,213 in 2019 to £14,828 in 2020 - Committee of Chudleigh Youth Centre Charitable Trust ## **REVIEW OF THE YEAR** The financial statements for the year ended 31 December 2020 are attached and indicate balances carried forward of £32,888 (2019 £20,095), all of which relates to the general fund. Our income has increased from £20,326 in 2019 to £27,621 in 2020, due to a Covid response grant of £10,000 from the National Lottery Community Fund. A proportion of this grant was spent during 2020, with the remainder carried over to the 2021 financial year. Expenditure decreased from £20,213 in 2019 to £14,828 in 2020 primarily due to the reduction in activity during the pandemic. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. ## **Safeguarding poilcy** I confirm that the Management Committee of Chudleigh Youth Centre Charitable Trust comply with their duties under relevant safeguarding legislation all as set out at section 5.0 of the Safeguarding Policy . They do this by: - Having adopted a Safeguarding Policy - Appointing a Safeguarding Officer and publishing their name and contact details in the Youth Centre. - Discussing Safeguarding issues that arise at Management Committee meetings. ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Registered Charity number** 1036979 ## **Principal address** Chudleigh Youth Millennium Centre Market Way Chudleigh Devon TQ13 0HL ## **Trustees** C P Barnes D M Lillington Mrs S Metcalfe W Keen Page 1 CHUDLEIGH YOUTH CENTRE CHARITABLE TRUST ## REPORT OF THE TRUSTEES for the Year Ended 31 December 2020 ## **REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner** David Rudall FMAAT Greenwood Accountancy Ltd 5 Pellow Arcade Teign Street Teignmouth Devon TQ14 8EB ## **RESERVES POLICY** The trustees policy is to maintain liquid reserves of at least three months expenditure which they believe would enable them to meet their financial commitments in all likely senarios. At the end of 2020 the net cash at bank is sufficient to meet this policy. them to meet their financial commitments in all likely senarios. At the end of 2020 the net meet this policy. Approved by order of the board of trustees on ............................................. and signed on its behalf by: ........................................................................ W Keen - Trustee Approved by order of the board of trustees on ............................................. and signed on its behalf by: Page 2 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHUDLEIGH YOUTH CENTRE CHARITABLE TRUST ## **Independent examiner's report to the trustees of Chudleigh Youth Centre Charitable Trust** I report to the charity trustees on my examination of the accounts of Chudleigh Youth Centre Charitable Trust (the Trust) for the year ended 31 December 2020. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: - requirements concerning - and Reports) Regulations 2008 other than any requirement across no other matters in connection with the examination 1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. David Rudall FMAAT Greenwood Accountancy Ltd 5 Pellow Arcade Teign Street Teignmouth Devon TQ14 8EB Date: ............................................. Page 3 CHUDLEIGH YOUTH CENTRE CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 December 2020 |**DRAFT**
**18/09/21 16:36**
Unrestricted
Restricted
fund
funds
Notes
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**26,613**
**-**
**Charitable activities**
General
**974**
**-**
Investment income
2
**34**
**-**
**Total**
**27,621**
**-**
**EXPENDITURE ON**
**Charitable activities**
General
**14,828**
**-**
**NET INCOME**
**12,793**
**-**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**20,095**
**-**
**TOTAL FUNDS CARRIED FORWARD**
**32,888**
**-**|**2020**
**Total**
**funds**
**£**
**26,613**
**974**
**34**
**27,621**
**14,828**
**12,793**
**20,095**
**32,888**|2019
Total
funds
£
15,753| |---|---|---| |||| |||4,501| |||72| |||| |||20,326| |||| |||20,213| |||| |||113| |||19,982| |||| |||| |||20,095| |||| |||| The notes form part of these financial statements Page 4 CHUDLEIGH YOUTH CENTRE CHARITABLE TRUST ## BALANCE SHEET 31 December 2020 |||||||||**2020**||2019| |---|---|---|---|---|---|---|---|---|---|---| |||Unrestricted|||Restricted|||**Total**||Total| ||||fund||funds|||**funds**||funds| |||Notes|£||£|||**£**||£| |**CURRENT ASSETS**||||||||||| |Debtors||7|**438**|||**-**||**438**||432| |Cash at bank|||**35,756**|||**-**||**35,756**||21,049| ||||**36,194**|||**-**||**36,194**||21,481| |**CREDITORS**||||||||||| |Amounts falling due within one year||8|**(3,306)**|||**-**||**(3,306)**||(1,386)| |**DRAFT**
**18/09/21 16:36**
**NET CURRENT ASSETS**
**32,888**
**-**
**32,888**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**32,888**
**-**
**32,888**
**NET ASSETS**
**32,888**
**-**
**32,888**
**FUNDS**
9
Unrestricted funds
**32,888**
**TOTAL FUNDS**
**32,888**
The
financial
statements
were
approved
by
the
Board
of
Trustees
and
authorised
............................................. and were signed on its behalf by:
.............................................
W Keen - Trustee|||||||||for|20,095
20,095
20,095
20,095
20,095
issue
on| The notes form part of these financial statements Page 5 CHUDLEIGH YOUTH CENTRE CHARITABLE TRUST ## NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 December 2020 ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. - as expenditure as soon as there is a legal or constructive it is probable that a transfer of economic benefits will be can be measured reliably. Expenditure is accounted for - headings that aggregate all cost related to the category. Where headings they have been allocated to activities on a basis restricted purposes within the objects - leases are charged to the Statement of Financial ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. **Hire purchase and leasing commitments** Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. ## **2. INVESTMENT INCOME** |**2020**
**£**|2019
£| |---|---| |**34**|72| ||| Deposit account interest Page 6 continued... CHUDLEIGH YOUTH CENTRE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2020 ## **3. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 December 2020 nor for the year ended 31 December 2019. ## **4. STAFF COSTS** The average monthly number of employees during the year was as follows: |**DRAFT**
**18/09/21 16:36**
Part time youth workers
No employees received emoluments in excess of £60,000.
**5.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
15,753
**Charitable activities**
General
4,501
Investment income
72
**Total**
20,326
**EXPENDITURE ON**
**Charitable activities**
General
13,513
**NET INCOME/(EXPENDITURE)**
6,813
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
13,282
**TOTAL FUNDS CARRIED FORWARD**
20,095|**2020**
**1**
Restricted
funds
£
-
-
-
-
6,700
(6,700)
6,700
-||| |---|---|---|---| |||2019|| ||||3| ||||| ||||| ||||Total
funds
£
15,753| ||||| ||||4,501| ||||72| ||||| ||||20,326| ||||| ||||20,213| ||||| ||||113| ||||19,982| ||||| ||||| ||||20,095| ||||| continued... Page 7 CHUDLEIGH YOUTH CENTRE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2020 ## **6. INDEPENDENT EXAMINERS FEES** The Independent Examiner's fee plus accountancy work was £426 (2018 £396). |**7.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||| |---|---|---|---|---|---|---|---| |||||||**2020**|2019| |||||||**£**|£| ||Prepayments|||||**438**|432| ||||||||| |**8.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||||| |||||||**2020**|2019| |||||||**£**|£| |**9.**|**DRAFT**
**18/09/21 16:36**
Trade creditors
**3,306**
**MOVEMENT IN FUNDS**
Net
movement
At 1.1.20
in funds
£
£
**Unrestricted funds**
General fund
**20,095**
**12,793**
**TOTAL FUNDS**
**20,095**
**12,793**
Net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
**Unrestricted funds**
General fund
**27,621**
**(14,828)**
**TOTAL FUNDS**
**27,621**
**(14,828)**||||||1,386
At
31.12.20
£
**32,888**
**32,888**
Movement
in funds
£
**12,793**
**12,793**| ||**Comparatives for movement in funds**||||||| |||||||Net|| |||||||movement|At| |||||At 1.1.19||in funds|31.12.19| ||||||£|£|£| ||**Unrestricted funds**||||||| ||General fund||||13,282|6,813|20,095| ||**Restricted funds**||||||| ||Lottery||||6,700|(6,700)|-| ||**TOTAL FUNDS**||||19,982|113|20,095| continued... Page 8 CHUDLEIGH YOUTH CENTRE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2020 ## **9. MOVEMENT IN FUNDS - continued** Comparative net movement in funds, included in the above are as follows: ||Incoming|Resources|Movement| |---|---|---|---| ||resources|expended|in funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|20,326|(13,513)|6,813| |**Restricted funds**|||| |Lottery|-|(6,700)|(6,700)| |**DRAFT**
**18/09/21 16:36**
**TOTAL FUNDS**
20,326
(20,213)
113
A current year 12 months and prior year 12 months combined position is as follows:
Net
movement
At
At 1.1.19
in funds
31.12.20
£
£
£
**Unrestricted funds**
General fund
13,282
19,606
32,888
**Restricted funds**
Lottery
6,700
(6,700)
-
**TOTAL FUNDS**
19,982
12,906
32,888
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are
as follows:
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
**Unrestricted funds**
General fund
47,947
(28,341)
19,606|||| |**Restricted funds**|||| |Lottery|-|(6,700)|(6,700)| |**TOTAL FUNDS**|47,947|(35,041)|12,906| continued... Page 9 CHUDLEIGH YOUTH CENTRE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2020 ## **10. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 December 2020. Page 10 CHUDLEIGH YOUTH CENTRE CHARITABLE TRUST DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 December 2020 ||2020|2020|2019| |---|---|---|---| |||£|£| |**INCOME AND ENDOWMENTS**|||| |**Donations and legacies**|||| |Grants & donations||**26,343**|12,159| |Fundraising||**270**|3,594| |||**26,613**|15,753| |**Investment income**|||| |Deposit account interest||**34**|72| |**Charitable activities**
Youth subs & tuck shop
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Youth worker costs
Rent and water
Insurance
Light and heat
Youth Work / Curriculum
Purchases
Cleaning
Telephone
Repairs & renewals
Legal & professional fees
Total resources expended
**Net income**|**DRAFT**
**18/09/21 16:36**|**974**
**27,621**
**7,484**
**2,172**
**384**
**1,467**
**632**
**618**
**33**
**744**
**760**
**534**
**14,828**
**14,828**
**12,793**|4,501
20,326
8,990
4,009
688
2,512
1,092
1,136
162
809
389
426
20,213
20,213
113| This page does not form part of the statutory financial statements Page 11