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|||||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|
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|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|||||||
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||||||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|
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|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|
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|||||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|
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|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|
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|||||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|
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|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|
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|||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|
##
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|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|
##
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|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|
##
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##
|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|
##
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##
|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|
##
##
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##
|2021|2020
f|
|---|---|
|79,585||
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##
|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||
##
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|||||||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|
##
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##
|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|
##
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|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|
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