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||||||||Page|
|---|---|---|---|---|---|---|---|
|Trustees'<br>annual<br>report (incorporating||||the|director's|report)||
|Independent|auditor's|report to|the members||||18|
|Statement|offinancial|activities|(including||income and|||
|expenditure|account)||||||22|
|Statement|offinancial|position|||||23|
|Statement|ofcash flows||||||25|
|Notes to the financial||statements|||||27|





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|Registered|charity|name|name|Young Devon||||
|---|---|---|---|---|---|---|---|
|Charity registration||number||1057949||||
|Company|registration||number|3240655||||
|Principal oflice and||registered||10 Erme Road||||
|office||||Ivybridge||||
|||||Devon||||
|||||PL21 OAB||||
|The trustees||||||||
|||||R Hastings||||
|||||SWarren-Brown||||
|||||C Coward||||
|||||A Hannaford||||
|||||V Flower||||
|||||L Merilion||||
|Auditor||||Westcotts (SW) LLP||||
|||||Chartered<br>accountants||&statutory|auditor|
|||||Plym House||||
|||||3 Longbridge|Road|||
|||||Marsh<br>Mills||||
|||||Plymouth||||
|||||Devon||||
|||||PL6 8LT||||
|Bankers||||Lloyds Bank|pic|||
|||||Fore Street||||
|||||Ivybr idge||||
|||||Devon||||
|||||PL21 OAB||||
|Solicitors||||Foot Anstey||||
|||||Senate Court||||
|||||Southernhay|Gardens|||
|||||Exeter||||
|||||Devon||||
|||||Exl 1NT||||





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|||||||2023||2022|
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|||
|||||Note|funds<br>f|funds<br>E|Total funds<br>6|Total funds<br>6|
|Income and endowments|||||||||
|Donations<br>and legacies||||5|3,655,847|1,581,353|5,237,200|4,433,625|
|Other trading<br>activities||||6|721||721|14,132|
|Investment<br>income||||7|1,733||1,733|58|
|Other income||||8|6,614||6,614|3,080|
|Total income|||||3,664,915|1,581,353|5,246,268|4,450,895|
|Expenditure|||||||||
|Expenditure<br>on charitable||activities||9|3,597,205|1,565,058|5,162,263|4,362,418|
|Expenditure<br>on other trading|||activities||231|—|231|21|
|Total expenditure|||||3,597,436|1,565,058|5,162,494|4,362,439|
|Net income|||||67,479|16,295|83,774|88,456|
|Transfers<br>between|funds||||(13,407)|13,407|||
|Net movement<br>in|funds||||54,072|29,702|83,774|88,456|
|Reconciliation<br>of|funds||||||||
|Total funds brought|forward||||1,472,971|40,375|1,513,346|1,424,890|
|Total funds carried forward|||||1,527,043|70,077|1,597,120|1,513,346|





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||||||Group|Group|
|---|---|---|---|---|---|---|
||||||2023|2022|
|||||Note|6||
|Fixed assets|||||||
|Tangible fixed assets||||15|1,293,215|987,937|
|Current assets|||||||
|Debtors||||17|388,630|589,365|
|Cash at bank and in|hand||||804,755|685,462|
||||||1,193,385|1,274,827|
|Creditors: amounts|falling||due within one year|18|813,136|671,953|
|Net current assets|||||380,249|602,874|
|Total assets less current|||liabilities||1,673,464|1,590,811|
|Creditors: amounts|falling||due after more than one year|19|76,344|77,465|
|Net assets|||||1,597,120|1,513,346|
|Funds ofthe charity|||||||
|Restricted<br>funds|||||70,077|40,375|
|Unrestdicted<br>funds:|||||||
|Revaluation<br>reserve|||||393,485|393,485|
|Other unrestricted||income funds|||1,133,558|1,079,486|
|Total unrestricted<br>funds|||||1,527,043|1,472,971|
|Total charity funds||||22|1,597,120|1,513,346|





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|31 March 2023|||||||
|---|---|---|---|---|---|---|
||||||Charity|Charity|
||||||2023|2022|
|||||Note||f|
|Fixed assets|||||||
|Tangible<br>fixed assets||||15|1,293,215|987,937|
|Investments||||16|1|1|
||||||1,293,216|987,938|
|Current assets|||||||
|Debtors||||17a|388,630|585,715|
|Cash at bank and|in|hand|||800,831|684,957|
||||||1,189,461|1,270,672|
|Creditors: amounts||falling due within one year||18|813,136|671,953|
|Net current assets|||||376,325|598,719|
|Total assets less|current liabilities||||1,669,541|1,586,657|
|Creditors: amounts||falling due after more than one year||19|76,344|77,465|
|Net assets|||||1,593,197|1,509,192|
|Funds ofthe charity|||||||
|Restricted<br>funds|||||70,077|40,375|
|Unrestricted<br>funds:|||||||
|Revaluation|reserve||||393,485|393,485|
|Other unrestdicted|||income funds||1,129,635|1,075,332|
|Total unrestricted|funds||||1,523,120|1,468,817|
|Total charity funds||||22|1,593,197|1,509,192|





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## 

|Consolidated<br>Stateme<br>Year ended 31 March|nt of Cash F<br> 2023|lows|||
|---|---|---|---|---|
||||Group|Group|
||||2023<br>f|2022<br>6|
|Cash flows from operating|activities||||
|Net income|||83,774|88,456|
|Adjustments<br>for:|||||
|Depreciation<br>oftangible fixed assets|||56,343|69,597|
|Changes/n:|||||
|Trade and other debtors|||200,735|(126,979)|
|Trade and other creditors|||141,933|66,329|
|Cash generated<br>from operations|||482,785|97,403|
|Cash flows from investing|activities||||
|Purchase oftangible assets|||(361,621)|(178,496)|
|Net cash used<br>in investing<br>activities|||(361,621)|(178,496)|
|Cash flows from financing|activities||||
|Proceeds from/repayments|ofborrowings||(1,871)|(2,201)|
|Net cash used<br>in financing<br>activities|||(1,871)|(2,201)|
|Net increase/(decrease)<br>in|cash and cash|equivalents|119,293|(83,294)|
|Cash and cash equivalents|at beginning|ofyear|685,462|768,756|
|Cash and cash equivalents|at end ofyear||804,755|685,462|





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|Year ended 31 March|2023||||
|---|---|---|---|---|
||||Charity|Charity|
||||2023|2022|
||||6||
|Cash flows from operating|activities||||
|Net income|||84,005|83,378|
|Adjustments<br>for:|||||
|Depreciation<br>oftangible fixed assets|||56,343|69,597|
|Changesin:|||||
|Trade and other debtors|||197,085|(123,329)|
|Trade and other creditors|||141,933|67,970|
|Net cash from operating<br>activities|||479,366|97,616|
|Cash flows from investing|activities||||
|Purchase oftangible assets|||(361,621)|(178,496)|
|Net cash used in investing<br>activities|||(361,621)|(178,496)|
|Cash flows from financing|activities||||
|Proceeds from/repayments|of borrowings||(1,871)|(2,201)|
|Net cash used in financing<br>activities|||(1,871)|(2,201)|
|Net increase/(decrease)<br>in|cash and cash|equivalents|115,874|(83,081)|
|Cash and cash equivalents|at beginning|ofyear|684,957|768,038|
|Cash and cash equivalents|at end ofyear||800,831|684,957|





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|||Unrestricted|Restricted|Total Funds|
|---|---|---|---|---|
|||Funds<br>f|Funds<br>f|2023<br>f|
|Donations|||||
|Donations||68,796||68,796|
|Grants|||||
|Grants and|contracts|3,573,195|1,581,353|5,154,548|
|Government|grant income|13,856||13,856|
|||3,655,847|1,581,353|5,237,200|
|||Unrestricted|Restricted|Total Funds|
|||Funds<br>f|Funds|2022<br>f|
|Donations|||||
|Donations||71,840||71,840|
|Grants|||||
|Grants and|contracts|3,140,053|1,187,294|4,327,347|
|Government|grant income|34,438||34,438|
|||3,246,331|1,187,294|4,433,625|



## 

|Other trading<br>activit|ies|||||
|---|---|---|---|---|---|
|||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||Funds|2023<br>f|Funds<br>f|2022<br>f|
|Youth centre||721|721|1,082|1,082|
|Trading Subsidiary|Income|||||
|Training||||13,050|13,050|
|||721|721|14,132|14,132|



## 

|||Unrestricted|Total|Funds|Unrestricted|Total|Funds|
|---|---|---|---|---|---|---|---|
|||Funds<br>F||2023|Funds<br>f||2022<br>f|
|Interest|received|1,733||1,733|58||58|





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## 

|Other inco|me|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||Unrestricted||Total|Funds||Unrestricted<br>Total Funds|||
|||||Funds<br>6||||2023||Funds<br>6|2022<br>f|
|Insurance<br>claim||||6,084||||6,084||2,916|2,916|
|Reimbursements||||530||||530||164|164|
|||||6,614||||6,614||3,080|3,080|
|Expenditure|on|charitable<br>activities by activity type||||||||||
|||||||||||Total|Total|
|||Core||||||||funds|funds|
|||costs|Skills|Voice Wellbeing||||Accomm'n||2023|2022|
||||||||||E||9|
|Direct project<br>costs||14,369|111,078 1,295,236 1,647,987|||||582,785||3651 455|3,177,088|
|Staff costs||492,540|532|6,918||16,056|||3,636|519,682|357,426|
|Rates and utilities||19,002||||97,842||||116,844|104,233|
|Properly costs||213,402||1,290|254,027||||1,268|469,987|391,022|
|Travel costs||5,249|5,175|18,155||32,814|||18,568|79,961|52,062|
|Office admin||28,055|95|881||11,222|||2,435|42,688|46,072|
|IT &corn'cation||67,362|2,421|21,994||45,376|||9,800|146,953|110,331|
|Markt'ng<br>&<br>promo'n||6,104||2,098||1,282|||8,828|18,312|12,689|
|Professional|fees|22,822|13|||||||22,835|21,866|
|Govern'nce<br>audit|&|14,550||||||||14,550|10,850|
|Finance charges||4,646||||5,566||||10,211|9,182|
|Depreciation||31,633|61|2,961||19,639|||2,049|56,343|69,597|
|Internal<br>charges||(945,673)|40,737|347,471||437,517||132,591||12,643||
|||(25,939)|160,112|1,697,004 2,569,328||||761,960||5,162,465|4,362,418|



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|2023|2022<br>f|
|---|---|
|56,343|69,597|



## 

|Staff cos|ts|||||
|---|---|---|---|---|---|
|The total|staff costs and|employee|benefits for the reporting|period are analysed as|follows:|
|||||2023<br>f|2022<br>K|
|Wages and salaries||||2,974,246|2,620,232|
|Social security costs||||224,895|183,590|
|Employer|contributions|to pension|plans|58,101|48,569|
|||||3,257,242|2,852,391|



|costs are a|nalysed<br>within|Project costs, Staff c|osts and Office admin.||
|---|---|---|---|---|
|The number|ofemployees|whose remuneration|for the year fell within the following|bands, were:|
||||2023|2022|
||||No.|No.|
|660,000to|669,999||1|1|



## 



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## 

|Group tangible<br>fixed assets|||||
|---|---|---|---|---|
||Freehold|Leasehold|Fixtures and||
||property|Improvements<br>r|fittings<br>f|Total<br>6|
|Cost|||||
|At 1 April 2022|1,046,734|245,559|433,266|1,725,559|
|Additions|340,176|17,167|4,278|361,621|
|At 31 March 2023|1,386,910|262,726|437,544|2,087,180|
|Depreciation|||||
|At 1 April 2022|98,620|229,173|409,829|737,622|
|Charge for the year|25,746|14,545|16,052|56,343|
|At 31 March 2023|124,366|243,718|425,881|793,965|
|Carrying<br>amount|||||
|At 31 March 2023|1,262,544|19,008|'l1,663|1,293,215|
|At 31 March 2022|948,114|16,386|23,437|987,937|



## 

|the histori|c|al cost model are as follows:||
|---|---|---|---|
||||Freehold|
||||property|
||||6|
|At 31 March 2023||||
|Aggregate||cost|985,395|
|Aggregate||depreciation|(116,336)|
|Carrying||value|869,059|
|At 31 March 2022||||
|Aggregate||cost|645,219|
|Aggregate||depreciation|(90,590)|
|Carrying|value||554,629|





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|Subsidiarie|s<br>and oth|er investments||||
|---|---|---|---|---|---|
||||||Percentage|
||||||ofshares|
||||Class ofshare||held|
|Subsidiary|undertakings|||||
|Young Devon Trading||Ltd.|1 Ordinary|share off1|100|



## 

|17.|Group debtor|s|||
|---|---|---|---|---|
||||2023|2022|
||Trade debtors||247,464|392,284|
||Prepayments|and accrued income|133,496|192,411|
||Other debtors||7,670|4,670|
||||388,630|589,365|
|17a.|Charity debtors||||
||||2023|2022|
||||8|8|
||Trade debtors||247,464|388,634|
||Prepayments|and accrued income|133,496|192,411|
||Other debtors||7,670|4,670|
||||388,630|585,715|





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## 

|Group and company|creditors: amounts<br>falling d|ue within one year||
|---|---|---|---|
|||2023<br>f|2022|
|Bank loans and overdrafts||1,380|2,130|
|Trade creditors||131,381|86,497|
|Accruals and deferred|income|611,247|524,685|
|Social security and other taxes||51,087|47,027|
|Other creditors||18,041|11,614|
|||813,136|671,953|



## 

|Group|and|com|pany creditors: amounts<br>falling|due after more than one year||
|---|---|---|---|---|---|
|||||2023|2022|
|Bank|loans|and|overdrafts|76,344|77,465|



## 

## 

|Deferred in|come||||||||
|---|---|---|---|---|---|---|---|---|
||||||||2023|2022|
||||||||6|f|
|At 1 April 2022|||||||388,865|386,730|
|Amount<br>released||to income|||||(388,865)|(386,730)|
|Amount<br>deferred||in year|||||439,205|388,865|
|At 31 March|2023||||||439,205|388,865|
|Government|grants||||||||
|The amounts|recognised||in|the financial statements||for government|grants are as follows:<br>2023<br>2022||
|||||||||8|
|Recognised|in income from|||donations|and legacies:||||
|Government|grant|income|||||13,856|34,438|





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|Group unre|stricted|funds||||||
|---|---|---|---|---|---|---|---|
||||At||||At 31 March|
||||April 2022|Income|Expenditure|Transfers|2023|
||||6|6|||5|
|General funds|||799,486|3,664,915|(3,597,436)|(13,407)|853,558|
|Revaluation|reserve||393,485||||393,485|
|Designated|funds||280,000||||280,000|
||||1,472,971|3,664,915|(3,597,436)|(13,407)|1,527,043|
||||At||||At 31 March|
|||1|April 2021<br>f|Income<br>f|Expenditure<br>6|Transfers<br>6|2022<br>6|
|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|
|Charity unrestdcted||funds||||||
||||At||||At 31 March|
|||1|April 2022<br>6|Income|Expenditure<br>6|Transfers<br>f|2023<br>6|
|General funds|||795,332|3,664,915|(3,597,205)|(13,407)|849,635|
|Revaluation|reserve||393,485||||393,485|
|Designated|funds||280,000||||280,000|
||||1,468,817|3,664,915|(3,597,205)|(13,407)|1,523,120|
||||At||||At 31 March|
|||1|April 2021<br>6|Income<br>6|Expendituref|Transfers<br>f|2022<br>6|
|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|



## 



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|Group &charity restricted<br>funds|||||||
|---|---|---|---|---|---|---|
||At 1 April|||||At 31 March|
||2022<br>E|Income <br>6|Expenditure<br>f|Transfers<br>f||2023|
|Changemaker<br>Fund||14,447|(14,447)||||
|Community<br>Connectors||66,944|(74,385)|7,441|||
|Covid Funding PPE &Food Grant|4,988|5,000|(5,182)|(4,806)|||
|Doing What Matters|||||||
|Early Help|10,559|543,653|(559,198)|4,986|||
|ECC Homeless<br>Prevention|3,459|130,554|(125,674)|(7,648)||691|
|EDDC Homeless<br>Prevention||47,760|(55,408)|7,648|||
|Emotional<br>Health and Wellbeing||295,209|(243,387)||1|51,823|
|Exeter YESCentre|275|766|(1,037)|||4|
|OPPC Targeted<br>Youth Work||2,761|(2,761)||||
|Plymouth<br>Building (Small Fund)|31||(36)||||
|Sexual Health||34,000|(18,441)|||15,559|
|Sidmouth<br>Youth Clubs||45,126|(50,028)|4,902|||
|Small Fund||2,000||||2,000|
|SWEF (South West Enterprise||27,373|(27,373)||||
|Fund)|||||||
|Victim Support|21,063|173,492|(195,433)||878||
|Wellbeing<br>Practitioner||192,268|(192,268)||||
||40,375|1,581,353|(1,565,058)|13,407||70,077|
||At 1 April|||||At 31 March|
||2021<br>f|Income|E<br>xpenditure|Transfers||2022<br>6|
|Community<br>Connectors|1,436|59,351|(67,320)|6,533|||
|Covid Funding PPE & Food Grant|4,988|43,175|(43,175)|||4,988|
|Devon County Counselling|13,769||(13,769)||||
|Doing What Matters|||(12,517)|12,517|||
|Early Help|17,372|366,992|(373,805)|||10,559|
|Emotional<br>Health<br>and Wellbeing||159,205|(159,205)||||
|Exeter YESCentre|727|341|(793)|||275|
|Homeless<br>prevention|7,162|179,041|(182,744)|||3,459|
|Ivybridge<br>Counselling|2,314||(2,314)||||
|Plymouth<br>Building (Small Fund)|500||(469)|||31|
|Sexual Health||10,000|(10,000)||||
|Sidmouth<br>Youth Clubs||34,750|(34,956)||206||
|Small Fund||260|(1,166)||906||
|Victim Support||136,213|(115,150)|||21,063|
|Wellbeing<br>Practitioner||197,966|(197,966)||||
||48,268|1,187,294|(1,215,349)|20,162||40,375|





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|23a|. Charity analys|is|ofn|et a|ssets between|funds||||
|---|---|---|---|---|---|---|---|---|---|
||||||||Unrestricted|Restricted|Total Funds|
||||||||Funds|Funds|2023|
|||||||||6|6|
||Tangible fixed|assets|||||1,293,215||1,293,215|
||Current assets||||||877,157|312,304|1,189,461|
||Creditors less|than|1|year|||(570,909)|(242,227)|(813,136)|
||Creditors greater than|||1 year|||(76,344)||(76,344)|
||Net assets||||||1,523,120|70,077|1,593,197|
||||||||Unrestricted|Restricted|Total Funds|
||||||||Funds<br>f|Funds<br>6|2022<br>8|
||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|
|24.|Analysis ofchanges|||in net debt||||||
||||||||||At|
||||||||At 1 Apr 2022<br>f|Cash flows<br>f|31 Mar 2023|
||Cash at bank and||in hand||||685,462|119,293|804,755|
||Debt due within one year||||||(2,130)|750|(1,380)|
||Debt due after|one|year||||(77,465)|1,121|(76,344)|
||||||||605,867|121,164|727,031|
|25.|Operating<br>lease commitments|||||||||
||The total future|minimum|||lease payments|under|non-cancellable<br>operating leases are as follows:|||
|||||||||2023|2022|
||Not later than|1 year||||||226,342|254,012|
||Later than<br>1 year and|||not|later than 5years|||260,090|290,736|
||Later than 5years|||||||255,850|307,810|
|||||||||742,282|842,098|



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