2021-03-31-accounts

				Page
Trustees' annual report (incorporating	the	director's	report)
Independent auditor's report to the members
Statement offinancial activities (including		income and
expenditure account)
Statement offinancial position				20
Statement. ofcash flows				22
Notes to the financial statements				24

Registered	charity	name	name	Young Devon	Young Devon
Charity registration		number		1057949
Company	registration		number	3240655
Principal office and		registered		10Erme Road
office				Ivybridge
				Devon
				PL21 OAB
The Chair	ofTrustees			R Hastings			(To November		2020)
				V Flower			(From November			2020)
The Trustees				D Conduit			(Resigned	4 February 2021)
				R Hastings
				SWarren-Brown
				RJohnston			(Resigned	6August 2020)
				C Coward
				A Hanniford
				V Flower			(Appointed	5	November 2020)
				L Merilion			(Appointed	5	November 2020)
Auditor				Thomas Westcott
				Chartered	Accountants
				Plym House
				3Longbridge		Road
				Marsh Mills
				Plymouth
				Devon
				PL6 8LT
Bankers				Lloyds Bank		pic
				Fore Street
				Ivybridge
				Devon
				PL21 OAB
Solicitors				Foot Anstey
				Senate Court
				Southernhay		Gardens
				Exeter
				Devon
				EX1 1NT

					2021		2020
				Unrestricted	Restricted
				funds	funds	Total funds	Total funds
			Note
Income and endowments
Donations and legacies			5	3,216,367	1,118,190	4,334,557	4,108,133
Other trading activities			6	3500		3,500	181,991
Investment income			7	62		62	104
Total income				3,219,929	1,118,190	4,338,119	4,290,228
Expenditure
Expenditure on charitable		activities	8	2,766,596	1,134,306	3,900,902	3,871,362
Expenditure on raising funds			9	37,030	—	37,030	293,365
Other expenditure			10	37,833		37,833	31
Total expenditure				2,841,459	1,134,306	3,975,765	4,164,758
Net income				378,470	(16,116)	362,354	125,470
Transfers between	funds			(16,877)	16,877
Other recognised	gains	and losses
Gains from revaluation of		fixed assets		401,515		401,515
Net movement in	funds			763,108	761	763,869	125,470
Reconciliation of	funds
Total funds brought	forward			613,514	47,507	661,021	535,551
Total funds carried forward				1,376,622	48,268	1,424,890	661,021

31 March 2021
					Group	Group
					2021	2020
				Note	R	F
Fixed assets
Tangible fixed assets				17	879,038	446,854
Current assets
Stocks				19		2,823
Debtors				20	462,386	588,962
Cash at bank and	in	hand			768,756	249,061
					1,231,142	840,846
Creditors: amounts		falling	due within one year	21	605,705	626,679
Net current assets					625,437	214,167
Total assets less	current		liabilities		1,504,475	661,021
Creditors: amounts		falling	due after more than one year	22	79,585
Net assets					1,424,890	661,021
Funds ofthe group Restricted funds					48,268	47,507
Unrestricted funds:
Revaluation	reserve				401,515
Unrestricted	funds				975,107	613,514
Total unrestricted	funds				1,376,622	613,514
Total group funds				25	1,424,890	661,021

				Charity	Charity
				2021	2020
			Note
Fixed assets
Tangible fixed assets			17	879,038	409,022
Investments			18	1	1
Current assets
Debtors			20	462,386	616,670
Cash at bank and	in	hand		768,038	245,747
				1,230,424	862,417
Creditors: amounts		falling due within one year	21	604,063	585,640
Net current assets				626,361	276,777
Total assets less	current liabilities			1,505,400	685,800
Creditors: amounts		falling due after more than one year	22	79,585
Net assets				1,425,815	685,800
Funds ofthe charity
Restricted funds				48,268	47,507
Unrestricted funds:
Revaluation	reserve			401,515
Unrestricted	funds			976,032	613,514
Total unrestricted	funds			1,377,547	613,514
Total charity funds			25	1,425,815	661,021

Young Devon Company Limited by Guarantee Statement ofCash Flows Year ended 31 March 2021
		Group	Group
		2021	2020
Cash flows from operating activities Net income		357,366	125,470
Adjustments for: Depreciation oftangible fixed assets Amortisation of intangible assets Impairment of intangible assets Loss on disposal oftangible fixed assets		51,373 37,833	68,318 8,177 17,715
Changes in: Stocks		2,823	(865)
Trade and other debtors		126,577	21,898
Trade and other creditors		5,454	67,733
Net cash from operating activities		581,426	308,446
Cash flows from investing activities
Purchase oftangible assets		(119,874)	(56,354)
Net cash used in investing activities		(119,874)	(56,354)
Cash flows from financing activities
Proceeds from/repayments of borrowings		58,143	(73,002)
Net cash from financing activities		58,143	(73,002)
Net increase in cash and cash equivalents		519,695	179,090
Cash and cash equivalents at beginning	ofyear	249,061	69,971
Cash and cash equivalents at end ofyear		768,756	249,061

				Charity	Charity
				2021	2020
Cash flows from operating		activities
Net income				333,510	82,095
Adjustments for:
Depreciation oftangible fixed assets				51,373	45,557
Changesin:
Trade and other debtors				154,285	62,179
Trade and other creditors				29,852	58,714
Net cash from operating activities				569,020	248,545
Cash flows from investing		activities
Purchase oftangible assets				(119,874)	(56,385)
Net cash used in investing	activities			(119,874)	(56,385)
Cash flows from financing		activities
Proceeds from/repayments		of borrowings		73,145	(14,300)
Net cash from financing activities				73,145	(14,300)
Net increase in cash and	cash equivalents			522,291	177,860
Cash and cash equivalents		at beginning	ofyear	245,747	6?,887
Cash and cash equivalents		at end ofyear		768,038	245,747

over the u	seful economic life o	fthat asset as follows:
Freehold	property	50years
Leasehold	improvements	the shorter of10years or the period ofthe lease
Fixtures and fittings		3years

		Unrestricted	Restricted	Total Funds
		Funds	Funds f	2021
Donations
Donations		30,065		30,065
Donations -	subsidiary	15,782		15,782
Grants
Grants and	contracts	3,058,312	1,118,190	4,176,502
Government	grant income	112,208	—	112,208
		3,216,367	1,118,190	4,334,557
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2020
		F	F	E
Donations
Donations		95,692		95,692
Donations -	subsidiary	2,060		2,060
Grants
Grants and	contracts	3,114,278	896,103	4,010,381
Government	grant income
		3,212,030	896,103	4,108,133

			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2021	Funds F	2020 f
Miscellaneous income					545	545
Training	courses and	consultancy	3,500	3,500	1,045	1,045
Trading	subsidiary	income
Catering	income				175,168	175,168
Training					5,233	5,233
			3,500	3,500	181,991	181,991

		Unrestricted	Total	Funds	Unrestricted	Total	Funds
		Funds f.		2021	Funds f		2020
Interest	received	62		62	104		104

Expenditure on cha	ritable activit	ies by activ	ity type
	Core costs	Skills	Voice F	Wellbeing F	Accomm'n	Total f	2020
Direct project costs	2,289	339,229	160,904	563,046	1,628,950	2,694,418	2,670,026
Staff costs	439,685	3,124	326	14,611	(661)	457,085	414,016
Rates and utilities	10,567	(82)		9	73,529	84,023	85,307
Property costs	141,763	440		198	236,317	378,718	359,173
Travel costs	1,213	4,458	871	1,938	17,775	26,255	98,459
Office admin	36,421	1,112	145	936	7,217	45,831	54,335
IT8 corn'cation	43,584	7,894	3,183	22,408	39,054	116,123	92,632
Markt'ng 8 promo'n	6,187	452		451	29	7,119	12,390
Professional fees	15,743				(56)	15,687	16,777
Govern'nce 8 audit	14,400					14,400	15,700
Finance charges	6,221				3,649	9,870	6,990
Depreciation	22,076	515	183	3,451	25,148	51,373	45,55?
Internal charges	(845,873)	82,682	73,698	236,171	453,322
	(105,724)	439,824	239,310	843,219	2,484,273	3,900,902	3,871,362

Expenditure	on raising	funds
					2021	2020
Commercial	trading operations				37,030	293,365
Other expenditure
			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2021	Funds	2020 f
Loss on disposal oftangible fixed
assets held	for charity's	own use	37,833	37,833	31	31

Net income is stated after charging/(crediting):
	2021	2020
Amortisation of intangible assets Depreciation oftangible fixed assets Impairment of intangible assets Loss on disposal oftangible fixed assets	51,373 37,833	8,177 68,318 17,715 31

Staff costs
The total staff costs and employee	benefits for the reporting		period are analysed as	follows:
			2021	2020
				F
Wages and salaries			480,240	547,070
The average head count ofemployees		during the year was	124(2020:138).

llowing ba	nds, were:
2021	2020
No.	No.
		1

		2021	2020
		R
Audit services		7,500	7,250
Accountancy	services	2,750	2,500
		10,250	9,750

Intangible assets
	Goodwill
Cost
At 1 April 2020 and 31 March 2021	29,980
Amortisation
At 1 April 2020 and 31 March 2021	29,980
Carrying amount
At 31 March 2021
At 31 March 2020

Tangible fixed assets
	Freehold	Plant and	Fixtures and
	property	machinery	fittings	Total
		F
Cost
At 1 April 2020	404,325	225,355	468,872	1,098,552
Additions	78,533	15,196	26,145	119,874
Revaluations	401,515			401,515
Disposals			(72,878)	(72,878)
At 31 March 2021	884,373	240,551	422,139	1,547,063
Depreciation
At 1 April 2020	59,537	196,880	395,281	651,698
Charge for the year	9,836	14,128	27,409	51,373
Disposals			(35,046)	(35,046)
At 31 March 2021	69,373	211,008	387,644	668,025
Carrying amount
At 31 March 2021	815,000	29,543	34,495	879,038
At 31 March 2020	344,788	28,475	73,591	446,854

	the historical	cost mod	el are as follows:
						Freehold
						property
	At 31 March 2021
	Aggregate Aggregate	cost depreciation				482,858 (69,373)
	Carrying value					413,485
	At 31 March 2020
	Aggregate Aggregate	cost depreciation				404,325 (59,537)
	Carrying value					344,788
18.	Investment	entities
	Subsidiaries	and other investments
						Percentage
						ofshares
					Class ofshare	held
	Subsidiary	undertakings
	Young Devon Trading		Ltd.	1	Ordinary share ofF1	100

19.	Stocks
			2021	2020
	Raw materials	and consumables		2,823
20.	Debtors
			2021	2020
	Trade debtors		316,752	384,141
	Prepayments	and accrued income	140,172	192,677
	Other debtors		5,462	12,144
			462,386	588,962

Group creditors: amo	unts falling due within one	year
		2021	2020
			F
Bank loans and overdrafts		2,211	23,652
Trade creditors		82,169	86,614
Accruals and deferred	income	469,627	463,659
Social security and other taxes		41,515	43,132
Other creditors		10,183	9,622
		605,705	626,679

Charity creditors: am	ounts falling due within one	year
		2021	2020
		R
Bank loans and overdrafts		2,211	23,652
Trade creditors		82,169	86,614
Accruals and deferred	income	469,627	463,659
Social security and other taxes		39,873	43,132
Other creditors		10,183	9,622
		604,063	626,679

2021	2020 f
79,585

Deferred	income
			2021	2020
At 1 April	2020		377,324
Amount	released	to income	(377,324)
Amount	deferred	in year	386,730	377,324
At 31 March 2021			386,730	377,324

Government	grants	grants
The amounts	recognised in the financial statements		for government	grants are as follows:
				2021	2020
					F
Recognised Government	in income from donations grants income	and legacies:		117,196

						Gains and
		2020	Income	Expenditure	Transfers	losses	2021
		E			F	E
General funds Revaluation reserve		608,514	3,219,929	(2,841,459)	(191,877)	401,515	795,107 401,515
Designated	funds	5,000			175,000		180,000
		613,514	3,219,929	(2,841,459)	(16,877)		1,376,622
						Gains and
		2019	Income	Expenditure	Transfers	losses	2020
			E	E	F	F	F
General funds Designated funds		509,896 5,000	3,394,125	(3,286,634)	(8,873)		608,514 5,000
		514,896	3,394,125	(3,286,634)	(8,873)		613,514

Restricted funds
	2020	Income	Expenditure	Transfers	2021
Bright Futures		(89)	(5,566)	5,655
Community Connectors	285	61,247	(60,096)		1,436
Covid Funding PPE 8
Food Grant		34,340	(29,352)		4,988
Devon County
Counselling		20,000	(6,231)		13,769
Doing What Matters		12,760	(13,703)	943
Early Help	14,696	310,395	(300,052)	(7,667)	17,372
Emotional Health and
Wellbeing	7,162	170,758	(177,920)
Equal Access in Mind	5,586	36,584	(42,170)
Exeter YESCentre Homeless prevention	2,482 10,139	178,224	(1,755) (181,201)		727 7,162
Ivybridge Counselling	6,037		(723)	(3,000)	2,314
Newton Abbot YES
Centre	215		(225)	10
Plymouth Building
(Small Fund)		500			500
Sexual Health	905	7,500	(8,405)
Sidmouth Youth Clubs		33,300	(35,481)	2,181
Small Fund		28,265	(28,765)	500
Torbay CAMHS
Victim Support		100,000	(107,667)	7,667
Wellbeing Practitioner		124,406	(134,994)	10,588
	47,507	1,118,190	(1,134,306)	16,877	48,268
	2019 f	Income	Expenditure F	Transfers F	2020
Bright Futures		36,655	(37,174)	519
Community Connectors		936	(651)		285
Early Help		230,759	(216,063)		14,696
Emotional Health and
Wellbeing		155,918	(148,756)		7,162
Equal Access in Mind		36,699	(31,113)		5,586
Exeter YESCentre	2801	1,221	(1,540)		2,482
Homeless prevention	2,870	146,048	(138,779)		10,139
Ivybridge Counselling	5,879	5,917	(5,759)		6,037
Newton Abbot YES
Centre	376		(161)		215
Sexual Health
	2,656	10,000	(11,751)		905
Sidmouth Youth Clubs		31,525	(39,168)	7,643
Torbay CAMHS	6,073		(6,019)	(54)
Victim Support		97,733	(97,733)
Wellbeing Practitioner		142,692	(143,457)	765
	20,655	896,103	(878,124)	8,873	47,507

Analysis of net as	set	s between funds
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2021
Tangible fixed assets			879,038		879,038
Current assets			1,042,695	188,447	1,231,142
Creditors less than	1	year	(465,536)	(140,169)	(605,705)
Creditors greater than		1 year	(79,585)		(79,585)
Net assets			1,376,612	48,278	1,424,890
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2020
				E	E
Tangible fixed assets			446,854		446,854
Current assets			725,499	115,347	840,846
Creditors less than	1	year	(558,839)	(67,840)	(626,679)
Creditors greater than		1 year
Net assets			613,514	47,507	661,021

Operating lea	Operating lea	se commit	ments
The total future		minimum	lease payments	under non-cancellable	operating	leases are	as follows:
						2021	2020
							F
Not later than		1 year				277,616	275,948
Later than	1 year and not		later than 5years			278,905	439,125
Later than	5years					354,187	405,147
						910,708	1,120,220