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||||||||Page|
|---|---|---|---|---|---|---|---|
|Trustees'
annual
report (incorporating||||the|director's|report)||
|Independent|auditor's|report to|the trustees||||18|
|Statement|of financial|activities|(including||income and|||
|expenditure|account)||||||22|
|Statement|of financial|position|||||23|
|Statement|ofcash flows||||||25|
|Notes to the financial||statements|||||27-41|
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##
|Registered|charity|name|name|Young Devon||||
|---|---|---|---|---|---|---|---|
|Charity registration||number||1057949||||
|Company|registration||number|3240655||||
|Principal office and||registered||10Erme Road||||
|office||||Ivybridge||||
|||||Devon||||
|||||PL21 OAB||||
|The trustees||||R Hastings||||
|||||SWarren-Brown||||
|||||C Coward||||
|||||A Hannaford||||
|||||V Flower||||
|||||L Merilion||||
|Auditor||||Westcotts iSW) LLP||||
|||||Chartered
accountants||8 statutory|auditor|
|||||Plym House||||
|||||3 Longbridge|Road|||
|||||Marsh
Mills||||
|||||Plymouth||||
|||||Devon||||
|||||PL6 8LT||||
|Bankers||||Lloyds Bank pic||||
|||||Fore Street||||
|||||Ivybridge||||
|||||Devon||||
|||||PL21 OAB||||
|Solicitors||||Beers Solicitors||||
|||||29 Fore Street||||
|||||Kingsbridge||||
|||||Devon||||
|||||TQ7 1AA||||
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|||||||2022||2021|
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|||
||||||funds|funds|Total funds|Total funds|
|||||Note|2|2|2|2|
|Income and endowments|||||||||
|Donations
and legacies||||5|3,246,331|1,187,294|4,433,625|4,334,557|
|Other trading
activities||||6|14,132||14,132|3,500|
|Investment
income||||7|58||58|62|
|Other income||||8|3,080||3,080||
|Total income|||||3,263,601|1,187,294|4,450,895|4,338,119|
|Expenditure|||||||||
|Expenditure
on charitable||activities||9|3,147,069|1,215,349|4,362,418|3,900,902|
|Expenditure
on other trading|||activities|10|21||21|37,030|
|Other expenditure||||11||||37,833|
|Total expenditure|||||3,147,090|1,215,349|4,362,439|3,975,765|
|Net income|||||116,511|(28,055)|88,456|362,354|
|Transfers between|funds||||(20,162)|20,162|||
|Other recognised
gains
Gains from revaluation
of||and losses
fixed assets||||||401,515|
|Net movement
in|funds||||96,349|(7,893)|88,456|763,869|
|Reconciliation
of|funds||||||||
|Total funds brought|forward||||1,376,622|48,268|1,424,890|661,021|
|Total funds carried forward|||||1,472,971|40,375|1,513,346|1,424,890|
##
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|Consolidated
St
31 March 2022|at|ement of Financial Position||||
|---|---|---|---|---|---|
|||||Group|Group|
|||||2022|2021|
||||Note|6||
|Fixed assets||||||
|Tangible fixed assets|||17|987,937|879,038|
|Current assets||||||
|Debtors|||19|589,365|462,386|
|Cash at bank and in|hand|||685,462|768,756|
|||||1,274,827|1,231,142|
|Creditors: amounts|falling due within one year||20|671,953|605,705|
|Net current assets||||602,874|625,437|
|Total assets less current liabilities||||1,590,811|1,504,475|
|Creditors: amounts|falling due after more than one year||21|77,465|79,585|
|Net assets||||1,513,346|1,424,890|
|Funds ofthe charity||||||
|Restricted
funds||||40,375|48,268|
|Unrestricted
funds:||||||
|Revaluation
reserve||||393,485|401,515|
|Other unrestricted||income funds||1,079,486|975,107|
|Total unrestricted
funds||||1,472,971|1,376,622|
|Total charity funds|||24|1,513,346|1,424,890|
##
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|31 March 2022||||||
|---|---|---|---|---|---|
|||||Charity|Charity|
|||||2022|2021|
||||Note|2|2|
|Fixed assets||||||
|Tangible fixed assets|||17|987,937|879,038|
|Investments|||18|1|1|
|Current assets||||||
|Debtors|||19|585,715|462,386|
|Cash at bank and in|hand|||684,957|768,038|
|||||1,270,672|1,230,424|
|Creditors: amounts|falling due within one year||20|671,953|604,063|
|Net current assets||||598,719|626,361|
|Total assets less current liabilities||||1,586,657|1,505,400|
|Creditors: amounts|falling due after more than one year||20|77,465|79,585|
|Net assets||||1,509,192|1,425,815|
|Funds ofthe charity||||||
|Restricted funds||||40,375|48,268|
|Unrestricted
funds:||||||
|Revaluation
reserve||||393,485|401,515|
|Other unrestricted||income funds||1,075,332|976,032|
|Total unrestricted
funds||||1,468,817|1,377,547|
|Total charity funds|||24|1,509,192|1,425,815|
##
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##
|Year ended 31 March|2022||||
|---|---|---|---|---|
||||Group|Group|
||||2022|2021|
|Cash flows from operating|activities||||
|Net income|||88,456|362,354|
|Adjustments
for:|||||
|Depreciation
of tangible fixed assets|||69,597|51,373|
|Loss on disposal
of tangible|fixed assets|||37,833|
|Changes in:|||||
|Stocks||||2,823|
|Trade and other debtors|||(126,979)|126,577|
|Trade and other creditors|||66,329|466|
|Net cash from operating
activities|||97,403|581,426|
|Cash flows from investing|activities||||
|Purchase
of tangible assets|||(178,496)|(119,874)|
|Net cash used in investing
activities|||(178,496)|(119,874)|
|Cash flows from financing|activities||||
|Proceeds from/repayments|of borrowings||(2,201)|58,143|
|Net cash (used in)/from
financing
activities|||(2,201)|58,143|
|Net (decrease)/increase
in|cash and cash|equivalents|(83,294)|519,695|
|Cash and cash equivalents|at beginning|ofyear|768,756|249,061|
|Cash and cash equivalents|at an't ofyear||685,462|768,756.|
##
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|Year ended 3t March|2022|||||
|---|---|---|---|---|---|
|||||Charity|Charity|
|||||2022|2021|
|||||2||
|Cash flows from operating|activities|||||
|Net income||||83,378|333,510|
|Adjustments
for.||||||
|Depreciation
of tangible fixed assets||||69,597|51,373|
|Changesin:||||||
|Trade and other debtors||||(123,329)|154,285|
|Trade and other creditors||||67,970|29,852|
|Net cash from operating
activities||||97,616|569,020|
|Cash flows from investing|activities|||||
|Purchase
of tangible assets||||(178,496)|(119,874)|
|Net cash used in investing
activities||||(178,496)|(119,874)|
|Cash flows from financing|activities|||||
|Proceeds from borrowings|||||73,145|
|Repayments
of borrowings||||(2,201)||
|Net cash (used in)/from
financing||activities||(2,201)|73,145|
|Net (decrease)/increase
in|cash|and cash|equivalents|(83,081)|522,291|
|Cash and cash equivalents|at beginning||ofyear|768,038|245,747|
|Cash and cash equivalents|at end of year|||684,957|768,038|
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|Donations||and legacies||||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total Funds|
||||Funds|Funds|2022|
||||6||2|
|Donations||||||
|Donations|||71,840||71,840|
|Donations||—subsidiary||||
|Grants||||||
|Grants and||contracts|3,140,053|1,187,294|4,361,785|
|Government||grant income|34,438|||
||||3,246,331|1,187,294|4,433,625|
||||Unrestricted|Restricted|Total Funds|
||||Funds|Funds|2021|
|Donations||||||
|Donations|||30,065||30,065|
|Donations|- subsidiary||15,782||15,782|
|Grants||||||
|Grants and||contracts|3,053,324|1,113,202|4,176,502|
|Government||grant income|117,196||112,208|
||||3,216,367|1,113,202|4,334,557|
||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|---|---|---|---|---|---|---|---|---|
||||||Funds|2022|Funds|2021|
|||||||2||2|
||Youth centre||||1,082|1,082|||
||Training|courses and||consultancy|||3,500|3,500|
||Trading|Subsidiary||Income|||||
||Training||||13,050|13,050|||
||||||14,132|14,132|3,500|3,500|
|7.|Investment||income||||||
||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
||||||Funds|2022|Funds|2021|
|||||||2||2|
||Interest|received|||58|58|62|62|
##
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##
|Other income||||||||
|---|---|---|---|---|---|---|---|
|||Unrestricted
Total Funds|||Unrestricted|Total Funds||
||||Funds|2022|Funds|2021||
||||2|2||2||
|Insurance
claim|||2,916|2,916||||
|Reimbursements|||164|164||||
||||3,080|3,080||||
|Expenditure
on charitable activities by activity type||||||||
||Core costs|Skills|Voice|Wellbeing|Accomm'n|Total|2021|
|||||2|2|2|2|
|Direct project costs
Staff costs|109,725
345,760|539,936
8,478|189,298
(18,241)|725,732
17,183|1,612,397
4,246|3,177,088
357,426|2,694,418
457,085|
|Rates and utilities|13,772||||90,461|104,233|84,023|
|Property costs|153,083|807|223|2,939|233,970|391,022|378,718|
|Travel costs|3,238|14,172|3,756|5,470|25,426|52,062|26,255|
|Office admin|36,500|2,116|279|982|6,195|46,072|45,831|
|IT & corn'cation|46,344|9,408|3,133|13,945|37,501|110,331|116,123|
|Markt'ng
& promo'n|7,941|4,534||214||12,689|7,119|
|Professional
fees|21,806||||60|21,866|15,687|
|Govern'nce
& audit|10,850|||||10,850|14,400|
|Finance charges
Depreciation|5,045
38,898|195|183|3,920|.4,137
26,401|9,182
69,597|9,870
51,373|
|Internal charges|(771,876)|113,236|38,645|198,879|421,116|||
||21,086|692,882|217,276|969,264|2,461,910|4,362,418|3,900,902|
##
##
##
|||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|---|---|---|---|---|---|---|---|
|||||Funds|2022|Funds|2021|
|||||2|2|||
|Loss on disposal|of tangible||fixed|||||
|assets held for charity's||own|use|||37,833|37,833|
##
##
##
##
|Net income|Net income|||
|---|---|---|---|
|Net income is stated after charging/(crediting);||||
|||2022|2021|
|Depreciation
of|tangible fixed assets|69,597|51,373|
|Loss on disposal|of tangible fixed assets||37,833|
##
|The total staff costs an|d employee|benefits for the report|ing
period are analysed as f|ollows:|
|---|---|---|---|---|
||||2022|2021|
|Wages and salaries|||2,620,232|2,269,470|
|Social security costs|||183,590|166,622|
|Employer
contributions|to pension|plans|48,569|44,555|
||||2,852,391|2,480,647|
|costs are a|nalysed
within|Project costs, Staff c|osts and Office admin.||
|---|---|---|---|---|
|The number|of employees|whose remuneration|for the year fell within the following
2022|bands, were:
2021|
||||No.|No.|
|260000to|269999||1|1|
##
##
##
|
received payment
for professional
services supplied
tothe cha
Intangible assets|rity (2021:anil).|
|---|---|
||Goodwill|
|Cost||
|At 1 April 2021 and 31 March 2022|29,980|
|Amortisation||
|At 1 April 2021 and 31 March 2022|29,980|
|Carrying
amount||
|At 31 March 2022||
|At 31 March 2021||
##
##
##
##
|Group tangible fixed assets|||||
|---|---|---|---|---|
||Freehold|Plant and|Fixtures and||
||property|machinery|fittings|Total|
|||||2|
|Cost|||||
|At 1 April 2021|884,373|240,551|422,139|1,547,063|
|Additions|162,361|5,008|11,127|178,496|
|At 31 March 2022|1,046,734|245,559|433,266|1,725,559|
|Depreciation|||||
|At 1 April 2021|69,373|211,008|387,644|668,025|
|Charge for the year|29,247|18,165|22,185|69,597|
|At 31 March 2022|98,620|229,173|409,829|737,622|
|Carrying
amount|||||
|At 31 March 2022|948,114|16,386|23,437|987,937|
|At 31 March 2021|815,000|29,543|34,495|879,038|
##
|||Freehold|
|---|---|---|
|||property|
|||2|
|At 31 March 2022|||
|Aggregate|cost|645,219|
|Aggregate|depreciation|(90,590)|
|Carrying|value|554,629|
|At 31 March 2021|||
|Aggregate|cost|482,858|
|Aggregate|depreciation|(69,373)|
|Carrying
value||413,485|
##
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##
##
##
##
|Subsidiarie|s
and oth|er investments||||
|---|---|---|---|---|---|
||||||Percentage|
||||||of shares|
||||Class of share||held|
|Subsidiary|undertakings|||||
|Young Devon Trading||Ltd.|1 Ordinary|share of61|100|
##
|19. Group debtor|s|||
|---|---|---|---|
|||2022|2021|
|Trade debtors||392,284|316,752|
|Prepayments|and accrued income|192,411|140,172|
|Other debtors||4,670|5,462|
|||589,365|462,386|
|19a.Charity Debtors||||
|||2022|2021|
|||2|6|
|Trade debtors||388,634|316,752|
|Prepayments|and accrued income|192,411|140,172|
|Other debtors||4,670|5,462|
|||585,715|462,386|
##
##
##
##
##
##
##
|Group Creditors: am|ounts
falling due within one|year||
|---|---|---|---|
|||2022|2021|
|||2|P.|
|Bank loans and overdrafts||2,130|2,211|
|Trade creditors||86,497|82,169|
|Accruals and deferred|income|524,685|474,615|
|Social security and other taxes||47,027|41,515|
|Other creditors||11,614|10,183|
|||671,953|610,693|
##
|Credi|tors:|amo|unts
falling due after more than|one year||
|---|---|---|---|---|---|
|||||2022|2021|
|||||2||
|Bank|loans|and|overdrafts|77,465|79,585|
##
|Deferred income||||
|---|---|---|---|
|||2022|2021|
|||2||
|At 1 April 2021||386,730|377,324|
|Amount released|to income|(386,730)|(377,324)|
|Amount deferred|in year|388,865|391,718|
|At 31 March 2022||388,865|391,718|
##
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##
##
##
|Government|grants|grants|||||
|---|---|---|---|---|---|---|
|The amounts|recognised
in the financial||statements|for government|grants are as follows:||
||||||2022|2021|
||||||2||
|Recognised|in income from donations|and legacies:|||||
|Government|grant income||||34,438|117,196|
##
##
|Group unre|stricted|funds|||||||
|---|---|---|---|---|---|---|---|---|
||||||||Gains and||
|||2021|Income||Expenditure|Transfers|losses|2022|
|||2|2||||2|2|
|General funds||795,107|3,263,601||(3,139,060)|(120,162)||799,486|
|Revaluation|reserve|401,515|||(8,030)|||393,485|
|Designated|funds|180,000||||100,000||280,000|
|||1,376,622|3,263,601||(3,147,090)|(20,162)||1,472,971|
||||||||Gains and||
|||2020|Income|Expenditure||Transfers|losses|2021|
|||2|2||2|2|||
|General funds||608,514|3,219,929||(2,841,459)|(191,877)||795,107|
|Revaluation|reserve||||||401,515|401,515|
|Designated|funds|5,000||||175,000||180,000|
|||613,514|3,219,929||(2,841,459)|(16,877)|401,515|1,376,622|
|Charity unrestricted||funds|||||||
||||||||Gains and||
|||2021|Income|Expenditure||Transfers|losses|2022|
||||2||2||||
|General funds||796,032|3,250,551||(3,131,089)|(120,162)||795,332|
|Revaluation|reserve|401,515|—||(8,030)|||393,485|
|Designated|funds|180,000||||100,000||280,000|
|||1,377,547|3,250,551||(3,139,119)|(20,162)||1,468,817|
||||||||Gains and||
|||2020|Income|Expenditure||Transfers|losses|2021|
|||||||2|||
|General funds||633,293|3,152,636||(2,798,020)|(191,877)||796,032|
|Revaluation|reserve||||||401,515|401,515|
|Designated|funds|5,000||||175,000||180,000|
|||638,293|3,152,636||(2,798,020)|(16,877)|401,515|1,377,547|
##
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|Group &charity restricted|funds|||||
|---|---|---|---|---|---|
||2020
E|Income|Expendituref|Transfers|2021
F|
|Bright Futures
Community
Connectors|285|(89)
61,247|(5,566)
(60,096)|5,655|1,436|
|Covid Funding PPE &||||||
|Food Grant||34,340|(29,352)||4,988|
|Devon Gounty||||||
|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|2,482||(1,755)||727|
|Homeless
prevention|10,139|178,224|(181,201)||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|
##
##
##
##
##
##
|Group analysis of|n|et assets between f|unds|||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|TotalFunds|
||||Funds
E|Funds
f|2022
6|
|Tangible fixed assets|||987,937||987,937|
|Current assets|||1,039,782|235,045|1,274,827|
|Creditors less than|1|year|(477,283)|(194,670)|(671,953)|
|Creditors greater than||1 year|(77,465)||(77,465)|
|Net assets|||1,472,971|40,375|1,513,346|
||||Unrestdicted|Restricted|Total Funds|
||||Funds|Funds|2021|
||||f:|||
|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|
##
##
##
|25a|. Charity analysis o|f n|et assets between
fu|nds|||
|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total Funds|
|||||Funds|Funds|2022|
||||||6||
||Fixed assets|||987,938||987,938|
||Current assets|||1,035,627|235,045|1,270,672|
||-Creditors less than|1|year|(477,283)|(194,670)|(671,953)|
||Creditors greater than||1 year|(77,465)||(77,465)|
||Net assets|||1,468,817|40,375|1,509,192|
|||||Unrestricted|Restricted|Total Funds|
|||||Funds|Funds|2021|
|||||2|2||
||Fixed assets|||879,039||879,039|
||Current assets|||1,041,977|188,447|1,230,424|
||Creditors less than|1|year|(463,894)|(140,169)|(604,063)|
||Creditors greater than||1 year|(79,585)||(79,585)|
||Net assets|||1,377,537|48,278|1,425,815|
|26.|Analysis of changes||in net debt||||
|||||||At|
|||||At 1 Apr 2021
2|Cash flows|31 Mar 2022
f|
||Cash at bank and in hand|||768,756|(83,294)|685,462|
||Debt due within one year|||(2,211)|81|(2,130)|
||Debt due after one|year||(79,585)|2,120|(77,465)|
|||||686,960|(81,093)|605,867|
##
|Operating
lease commit|ments|||||
|---|---|---|---|---|---|
|The total future
minimum|lease payments|under non-cancellable|operating|leases are as follows:||
|||||2022|2021|
|||||8|2|
|Not later than
1 year
Later than
1 year and not
Later than 5years|later than 5years|||254,012
290,736
307,810|277,616
278,905
354,187|
|||||842,098|910,708|
##