Company registration number: 3240655 Charity registration number: 1057949 Young Devon (A company Ilmlted by guarantee) Annual Report and Flnanclal Statements for the Year Ended 31 March 2025 WESTCOTTS CHAATERSD ACCOUNTANTS 8 BUSINSS$ ADVISERS
Young Devon Contents Reference and Admlnlstratlve Details Straleglc Report Trustees, Report 3to15 Independent Audltors, Report 16to19 Consolldated Statement of Flnandal Actlvltles 20 Consolldated Balance Sheet 21 Consolldated Statement of Cash Flows 23 Notes to the Flnandal Statements 25to40
Young Devon Reference and Administrative Details Charfty Reglstratlon Number 1057949 Company Registration Number 3240655 Prfnclpal offlce and reglstered 10 Erm6 Road Office Ivybridge Devon PL21 OAB The trustees R Hastlngs {Reslgned on 07 Nov 2024) S Warren-Brovm C Coward A Hannaford V Flower L Brown C Laws T Slmmonds M Chapple L Borg Audltor Westcotts (SW) LLP Chartered accountants & statutory auditor Plym House 3 Longbridge Road Marsh Mills Plymouth Devon PL6 8LT Bankers Lloyds Bank plc Fore Street Ivybridge Devon PL21 OAB Page 1
Young Devon Strategic Report for the Year Ended 31 March 2025 The following sections for achievements and performance and financial review form the strategic report of the charity Trustees. responsibilities Statement The trustees (who are also the dlrectors of Young Devon for the purposes of company law) are responslble for preparlng the trustees, report and the financial statements in accordance wlth applicable law and Unlted Klngdom Accounting Stsndards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 'The Financlal Reporting Standard applicable in the UK and Republic of Ireland.. Company law requires the trustees to prepare financlal ststements for each financial year. Under company law the trustees must not approve the finandal statements unless they are satisfled that they give a true and fair view of the state of affairs of the parent charitable company and the group and of the Incomlng resources and appllcation of resources, Indudlng Its income and expenditure, of the charltable group for that perlod. In preparlng these financl81 statements, the trustees are required select suitable accounting policies and apply them consistently,, observe the methods and prlnclples In the Charltles SORP; make judgements and estimates that are reasonable and prudent., state whether appllcable accounting standards, comprising FRS 102 have been followed, subject to any materlal departures dlsclosed and explained in the financial statements; and prepare the financial statements on Ihe going concem basis unless it Is Inapproprlate to presume that the parent charitable company wlll continue In business. The trustees are responslble for keeping proper accounting records that can disclose with reasonable accuracy at any tlme the financlal position of the parent charitable company and the group and enable them to ensure that the flnanclal statements comply with the Companles Act 2006. They are also responsible for safeguardlng the assets of the parent charitsble company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrlty of the corporate and flnanclal Infomiation Included on the charltable companys website. Legislation goveming the preparation and disseminatlon of financlal statements may dlffer from legislation in otherjurlsdlctlons. Audltor Each trustee has tsken steps th8t they ought to have tsken as a trustee in order to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that Information. The trustees confirm that there is no relevant information that they know of and of which they know the audltor Is unaware. Th trustees, annual report and the strategic report was approved by the trustees of the charity on 2971112025 . and signed on behalf of the board of trustees by: V Flower Trustee Page 2
Young Devon Trustees. Report The Trustees present thelr annual report and the consolidated financial statements of the charity and its subsidiary Young Devon Trading Limited for the year ended 31 March 2025. They are satisfied that the Financial Ststements comply with the requirements of the Charits'es Act 2011, the Memorandum and Articles of Association and Accounting and Reporting by Charities: Slatement of Recommended Practice applicable to charltles preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) (Charities SORP (FRS 102)). ObJectlve6 and actlvltles Our objectives as a charfty are described In our governlng document 8S: to help young people develop thelr physlcal, mental and spirltual capacities so that Ihey can develop as individuals and members of society, valulng and respecting relationships with them that recognise thelr rights and responsibilities and actlvely promoting each individual'5 developmenl, Chol and change. In particular, but not SO as to Ilmlt the generalty of the foregoing: (1) To brlng together people who are wllllng to further the above objects to stimulate interest in all aspects of work wlth young people (2) To work dlrectly wlth young people, espedally those who are vulnerable or marginalized within thelr own communStles, provlding senilces and training which enhance their personal development and general well-belng (3) To unite and support the worl< of those youth organisatlons. clubs and groups In the geographlcal county of Devon, whose primary purposes are in accordance with those of the Company (4) To develop training, volunteering and other services whlch Snfomi and support others who work with young people in furtherance of the above purposes (5) To carry out research and develop strategSes In partnership wlth others which lead to the development of good youth work practice Our Viaion Young people 1SvSng safer, happler and healthler Ilves with better long-term prospects as they move Into adulthtjod. Our Mission Changlng the odds In favour of young people. Page 3
Young Devon Trustees. Report Our Values Over rent years we have worked to develop our understsnding of the importance of relationships to our work and the necesslty to respond In ways that recognise trauma experienced by the young people we help. These values are: Klndness". We are welcoming and acceptlng, we Ilsten first to understand your story. Collaboratlon: We work together-with young people and wlth partners- to find the best solutions Commltment: We are determined to make a difference and to make sure your voice is heard. Authentlclty: We'll be honest, realistic and clear. Incluslvlty: It doesnl matter who you are or where sDu'ra from, you matter here. Publ1¢ benellt The Charitys Trustees have complled wlth thelr duty In Sectlon 4 of the Charltles Act 2011 to have due regard to the Publlc Benefit guidance Issued by the Charlty Commission. The Trustees do not recelve any prlvate beneflt from the Charlty. The actlvltles employed by the Charity in pursuit of its five strateglc objectives are set out in strategic and seplice reports. The public benefit outcomes identlfied by Ihe Trustees have been built on the following: 1. Building quality re18tlonships to help young people. 2. Make young people's volces heard in decision making across Devon. 3. Improve the range and quality of accommodation for young people. 4. Increase access to mental health and well-belng servlces. 5. Enable young people to develop the skllls they need to progress in lrfe. With the exception of our Supported Housing and Supported Lodglngs services, where young people contrlbute to the cost of the accommodation through the benefits system, Young Devon's services are free at the polnt of dellvery, ensuring the charity doesn't exdude anyone because of cost. Our Youth Work approach is based on the understsndlng that relationships can be transformational at any stage of life. Done well, they have the power to brfng health. happiness and a wealth of opportunit16s. We aim to develop good quality, stable, therapeutSc support to help young people overcome experiences of trauma and develop the confidence and agency to tsckle lrfe's challenges. Our commltment to relationshlps extends to collaboratlon wlth funders and partners to ensure we're meeting the needs of local young people and communitles. We regularly work in partnership with other local charities, providing yDung people with more options for getting help when needed. Page 4
Young Devon Trustees. Report During the year we have continued to work on our core strategic activities: Accommodatlon= We have continued to embed the systems and processes required to ensure that we can evidence the great quality of work that our teams do with young people in the event of an Ofsted inspection of our supported accommodation servIs. We are continuing to develop new supported housing projects to respond to the growing need for young people to have safe. secure places to live whilst also receiving the support they need to stabilise, recover and progress. We were delighted to have one of our four new flats ready for a young person with the others due to be used in 2025. Unfortunately, development on our 47-bed partnership project with Exeter YMCA has been slower than expected and will come online in 2025. providing excellent quality accommodation and support. We are also in the final stages of planning for new properties in Exeter. these will offer additional spaces to house young people in an area where we consistently have a waiting list. These properties will be ready to house young people in 2025. Our strateglc alm to brlng more of the properties we use into the ownership of the Charity means that we now own 12 properties, 9 of which are for supported accommodation, providing over one third of the beds we use for young people. The remaining 3 owned properties providing office space and accommodatlon rented on the open market to raise funds for the charity. Wellbelng". Demand for wellbeing services remains high with as many as 100 new young people every week asking for help of some kind. Our services adapted as best as possible offering wellbeing conversations, single session therapy, social prescribing and mental health youth work alongside our traditional talking therapies of counselling and cognitive behavioural therapy (CBT). We also continued to develop our ServIS for young people who have experlenced crlme and domestic abuse in their lives, developing new offers specifically for young people experiencing domestic abuse. Building on this work we plan to expand the support offered to young people with our new 'Empowering Voices, pilot project aiming to support families where young people are displaying harmful behaviours due to their experiences of domestic abuse. To support our strateglc alm to Increase the access to support wlth wellbelng we have been able to use Department of Health and Social Care (DHSC) funding to open a new YES centre in Barnstaple and extend delivery of our services from Newton Abbot. This project has been transfomative enabling us to support communitibs with greater ability to get help locally whilst also evidencing that this kind of provision is hugely valued by comrnunitles. We will build upon this provlslon In 2025 continuing to explore how we can increase community engagement In responding to the wellbelng needs of local young people. Page 5
Young Devon Trustees. Report Skills: Our youth work approaches to supporting young people develop their skills have covered a range of activities induding young people researchlng and responding to community safety issues in their local area, young people attendlng open aCsS youth club provlsion and engaging young people in wildlrfe projects alongslde Dartmoor Wlldllfe Trust. Our post-16 courses have experlenced growth In numbers, partlcularly in Exeter where partnershlp wlth Exeter College has not only increased the number of young people we can SUPFK)rt but also Improved our abillty to develop a meaningfvl pathway into further training. The qualty of our courses remains exceedingly high with young people progressing through Maths and English in 8 far shorter time than traditional educational settings. Volc8: Worklng lo ensure young peoplé's volces are Ilstèned to remalns core to how we work. From Ihe daily details of how support Is dellvered, and bulldlngs are used to havlng a say In the services and decisions made about them, we've enabled young people to be heard. Throughout the year young people have been engaged in re-designing how support In our h05Pital services Is dellvered, how community safety is addressed in local areas and how services should respond to young people's mental health needs. 20 young people recelved advocacy support durlng legal cases and more than 350 were glven advlca and support because they were at rlsk of homelessness. Other young people took part in a project designing and delivering content to local young people on how to access mental health services locally and how that felt to Ihem. Ralationships at thé heart: We strive to ensure Ihat good quality relationships remain central to all of our work, we know that for young people who have experienced trauma a trusted relationship is often one of the most important steps on the path to wellbeing. Increasingly, we are applying this same approach to our project vrfork and are delivering more work In partnership with other organisations than ever before and value the diverslty and sharing of good practlce that thls bring5. We have been proud to deliver work supporting Vlctims of Crlme and Domestic Abuse by partnering with: Young People Comwall., Space Youth Servlces. Exeter Communlty Inltiatives., Kooth; Clear Counselling; and The Zone, Plouth. We have also delivered the In Reach hospitsl support servlce worklng alongslde: The Intercom Trust. Encompass Southwest; Space Youth Senllces and The Zone Plymouth. Accesslng our stsff and our 8ervlc•s: All our staff are based in community buildings in Devon (Ivybridge, Newton Abbot, Exeter. Sidmouth, Bamstaple & Ilfracombe), Plymouth and Torbay . Information about the charity and the services we deliver can be found via our website at vnvw.youngdevon.org Page 6
Young Devon Trustees. Report Achievements and Performance Over the past year, almost 5,000 young people have been part of the Young Devon community. For some, that meant a few sessions with our wellbeing team; forothers, il was weekly youth club nlghts, a 12-week course, or a full year living in our accornrnodation. Whatever the setting, our approach stays the same, person- centred. strengths-based and focused on helping each young person recognise their potential and shape their future. SUPPORTED 4952YOUNG PEOPLE We're proud to have been able lo support so many young people across Devon, Plymouth and Torbay, listening to their needs and responding wlth kindness and compassion. "Young Devon were honest, acceptlng and understandlng" Over the past year, we've supported thousands of young people seeking help with their emotional wellbeing and mental health. Each session focused on early support- giving young people the space to talk, understand their feelings, and build the tools they need to manage their emotions with confidence. One ongoSng challenge has been the number of sessions where appointments were offered but not attended. We're committed to understanding the reasons behind this, so we can make sure our services remain accessible, effective, and a good use of resources. 8556 WELLBEING SESSIONS Thanks to the DHSC funding, our expanded provislon in YES centres accounted for more than 1,000 attended sessions. This growth shows the difference that local. open-access support can make in helping young people reach the help they need. when they need it. Page 7
Young Devon Trustees. Report This year. we were thrilled to be shortlisted for the 2024 Children and Young People Now Youth Work Awards in the Youth Work Project of the Year category for our In Reach project. This ground-breaking work. offering young people transformational support to help them spend less time in hospital and regain stability In their lives. We've seen positive outcomes, a significant reduction in hospital stays, and decreased engagement with health seNices. AWARD- WINNING YoimiwoRK! The project has given young people hope, opportunity, and the belief that change is possible. While we may b8 biased. we were honoured to be chosen as winners of the award - a proud moment for our whole team and a celebration of the resilience and detemiination of the young people we work alongside. Relatlonships Each year, we invlte the young people we work with to share their views through a set of quality indicators. This helps us understand how well we're doing in building the kind of trusted relationships that truly make a difference In their lives. We ask whether they feel they can trust the support staff they work with, how satisfied they are with the help they've received, and whether they feel happy with the progress thelre making. These insights help us to keep irnproving ensuring that every young person feels heard. supported. and empowered on their Journey. o FEEL USTENEDTO wrrHSUPPORT Page 8
Young Devon Trustees. Report Financial Review During the year ended 31 March 2025 Young Devon achleved total Incomlng resources of £5,918,552 (2024: £4,919,437) of which £1,581.114 was restricted {2024: £1,169,761) and £4,337,438 was unrestricted (2024: £3,749,676). Resources expended were £5,723,664 (2024: 4,994,155). The overall position at 31 March 2025 is a net increase in funds of £194.888 (2024: decrease of £74,718) which results in total funds brought fonNard of £1.717,290 of which £68.514 are restrlcted. Public sector funding from a range of sources represented our maln source of income. Induding funding from a variety of NHS sources totalling more than £1.4M. Local Authorities continue to provide significant amounts of funding for the organisation. including Income from Devon County Council for a range of services which totalled £975.996, Torbay Councll Income of £687,295 and Exeter City Counal of £295,696. Our work In Plyinouth was predomlnantly funded through The Plymouth Complex Needs Alliance which contrlbuted £280,912. Our post-16 educatlon Is delivered in partnership with Weston College providing Sncome of £284,108. A significant portlon of funds relate to the housing of young people in accommodatlon, but Income also Indudes funds for tackling homelessness, skills development and young people's mentsl health and wellbelng. The Charity aims for full costs recovery on funded projects wherever posslble but certaln projects w511 never be self-sustalnlng. as a result we look to diversify Income streams to cover shortfalls in actlvlties whlch fomi an essentlal part of the charitrfs aims and objectlves. Reserves pollcy The Trustees have considered the operatlonal and financial risks and the level of reserves required. We have considered our potential redundancy Ilability, should the charity cease to exist, and our Smmediate lease commitments (within 12 months). This amounts to £837,419. In the event of a crisSs sltuatlon, we would seek to negotiate wlth our funders and landlords, in addltlon in the event of a servlce belng transferred elsewhere TUPE would apply for Ihe majority of staff, as such It Is unlikely that resepies of that level would be required Taklng thls Snto account, the Trustees consider an appropriate level of resenies would be £750,000. Young Devon has unreslricted reser48s of £1.648,778 (2024: £1,465,393) which includes seven properties (net of mortgage li8bilty) of £1.375,843 (2024: £1,186,200) whlch represents Increased strength bullt Into Ihe balance sheet following the declslon to Invest in properties over preceding financlal years. There are currently no designated funds, therefore there is a remaining balance of £272,935 (£240,193) In resenles Immediately available. Any remalnlng lease commltments beyond the 12 months stated above would be covered by the sale of properties. During 2025 we will be undertaklng a new wellbeing contract. leading a sizeable partnershlp across the whole of Devon. In light of this we wlll undertake a review of our resepies policy at the end of the 202512026 financial year. Page 9
Young Devon Trustees. Report Risk Manag•ment Policy The Board of Trustees holds overall responsibility for the organlsatlon's systems of Internal control, including the management of rlsk. The Chlef Executlve, as the accountable officer, oversees the operation of these systems and ensures that the policies and frameworks set by the Board are effectively implemented. The Finan and Rlsk Management Sub-Group of the Board provldes oversight by monltorlng the organlsatlon's budget, accountlng practlces, and finanaal performance against agreed targets. The direction of the organisation is guided by our strategic plan. Day-to4ay operations are govemed by establlshed flnanclal regulations and intemal controls. which are managed by the Chief Executive wlth the support of the Head of Finance and the wider finan team. Young Devon is now Ofsted-registered to provide supported accommodatlon for 1 & and 17-year-old looked-after children and care leavers. To meet these regulatory standards, we have Introduced new online systems and Snvested In quallty assurance and registered manager roles to ensure consistently high quality of provision, as well as robust rlsk management and compllance wSth Ofsted reporting requirements. Our risk management framework Is revIevd and developed annually to ensure that rlsks are identified, recorded, and monitored across all relevant categorles. The rlsk register Is regularly updated, with new rlsks explored in detall at sub-group level. MitSgatlng actlons are documented and progress is reported to the full Board at each meeting. Where necessary, speclfic meetings are convened to address urgent risks. The Board also conslders key organisational rlsks as part of Its strategic planning processes. In additSon, the CharEty malntalns a Buslness Contlnulty Plan, whlch Is revlewed regularly with partners to ensure the effectiveness of our risk management approach. The Trustees have a duty to identify potential high-level risks and ensure that approprlate mltlgatlng actlons are in place. To support this, the Finance and Risk Management Sub-Group-comprlsSng at least two Trustees, the Chief Executive, the Flnance Manager, and a senlor manager-revlews the orgsnisation's strategic rlsk matrlx and provldes oversight of operatlonal rlsk prosses. The Board recelves and revlews thSs document quarterly. Page 10
Young Devon Trustees. Report Reliance on public sector funding: The majority of our fvnding comes from public sectr)r SoUrs. Considerable work has been undertaken to diversify across different local authorities. central Govemment funding and a broad range of NHS bodies. However. an overall reduction In Local Authority budgets, means that contracts and payments run the risk of ending. Potentlal changes In govemment policy to increase spending on young people's services are welcome, but it is unknown how and where thSs funding will be delivered. The Board manages these risks through a robust process of contract management and oversight of existing 8nd potential tenderlng opportunities. To mitigate the rlsk, the charity is contlnually reviewlng income streams and the work of dlversifying income streams with work being undertaken to revlew other potential options. Safeguardlng Chlldren and Vulnerable Adults: The charity works wlth a large number of young people, and a smaller number of vulnerable adults, many of whom face complex and challenging circumstances. The potentlal reputatlonal risk associated with any safeguardlng Incldent remains high. To rnanage thls, the charfty operates a Safeguarding Sub-Group comprisSng at least two Trustees, the Chief Executive, and the Safeguardlng Lead Officer along with operational stsff and managers. Safeguarding praclice is continually revlewed and strengthened through stsff training, professlonal development, responsive processes, and proactlve qualSty assurance measures. Overslght Is maintained at Board level to ensure that safeguardlng remalns a central organisational prlorlty. We have Introduced 8 range of adolescent-focused safeguarding training to ansure conslstent, relevant, and high-qU81ty support for the young people we work with. The corporate rlsk reglster has also been updated to reflect continued concerns among staff and partners about young people experiencing suicidal thoughts or plans. In response, we have Increased staff training on sulclde awareness and developed an organisation-wide mental health framework to bulld staff Confiden in supporting young people experlencing emotion81 crisSs. Stratagic Planning: As a charity supportlng vulnerable young people with increasingly complex and evolving needs, the absence of a clear and dellverable strategy represents a significant ongolng rlsk. The Board mitigates this through robust annual strateglc planning and review processes, supported by detailed operaling plans and key perfomance indlcators (KPIS) to ensure that our charftable objectives are being met effectively. Havlng successfully navlgated the challenges of the COVID-19 period, the organlsation is now experlendng unprecedented levels of demand. The Board continues to monltor and manage the risks assodated wlth rlslng servlce pressures and ensures that services remain sustainable, responsive. and fit for purpose. Capacity: At both strategic and operational levels, the capacity of our teams presents a key area of risk. As seNlces expand and evolve, there Is an ongoing challenge in ensuring that the charitys structure - and the size and make-up of Its teams - can adapt quickly enough to meet new and emerging needs. To respond to thls challenge a review and restructur8 of senior roles Is planned wlth the intention of increasing capacity in some key functlons. This challenge is compounded by sector-wide difficultles In recrulting and retalning skilled staff. To address this, V have increased salaries where funding allows, invested in staff wellbelng, and strengthened opportunities for professional developrnent. A comprehensive review of staff structures and pay is planned, led by the Head of Finance and the HR Manager, with input from a cross-organisation staff group. Page11
Young Devon Trustees. Report Rlsk Management We use a RAG (red, amber and green) exception reporting system to monitor and manage risk via the Board's three sUrOUps. Health & Safety and Safeguarding . HR & Workforce Development Finan & Risk This reporting framework enables speedy escalatlon of Issues and rlsks, wlth actlons and learning embedded throughout aiding successful delivery. Alongside the review of the governing document the Trustees intend to review the focus of suwroups to ensure that appropriate tSme Is spent ensuring the Charity is well-led and the staff team Is supported to Idenllfy and pursue opportunitles for service development. Plans for future perlods Over the next two years we have plans to: Implement the new Wellbelng Early Help Partnership across Devon, Plymouth and Torbay. Establlsh new properties for homeless young people In Exeter. Review our participation pathways and reflect on how best to Invest Sn young people in this workstream. Develop a new strateglc plan to take the Charlty through to 2030. Structure, Governance and Management Governing document Young Devon Is a Company Limited by Guarantee, having no Share C8Pital and being a Registered Charlty that has elected to omit 'Limited' from its working name. The Company was estsblished under a Memorandum of Assoclatlon. which estsblished the objects and powers of the charitable company and Is govemed under Its ArtScles of Assoclation. Appointment of Trustees The Board of Trustees acts Jointly In both reglstered roles. Throughout the last year we have revlewed the rnembership and recruited externally to the role of Chalr of Trustees. A skllls audlt wlll now be undertaken wlth a vlew to planning for future appointments. Trustee induction and tralnlng Provision for the induction and training of Trustees is led through the Chief Executive and Chair of the Board. This indudes the role of the Trustees, the strategic intention of the Young Devon Business Plan. a briefing on all sep4ices provided, the organisation's financial position. systems. reporting, management policies and health and safety. The 'The Trustee Induction Pad( and Programme. of Young Devon, underpins this training. Publications such as "The Essential Trustee: what you need to know" (Charrty Commission) and the °Good Governance" pack (ACEVOINCVO) are also issued to np.w Tnistp.p.s Page 12
Young Devon Trustees. Report Our Organisational Structure Operational management Is led by the Chlef Executlve who reports to the Board of Trustees. The servi Leadership Group (SLG) comprised slx Heads of Ser¥lce and three Managers who work alongside the Chief Executlve In malntalning quallty and forward plannlng. All staff report to the Chlef Executive through agreed organisational structures. Our workforce consists of 183 full and part-time staff (115 FTE) and 80 supported and trained volunteers, interns & hosts. Young Devon'5 workforce operates from 32 locations. provides floating support to other settings across Devon and undertakes outreath work across the county and works In collaboration wlth statutory agencles. other charltles and voluntary organisations. At the end of 2024-2025 almost all staff received a salarylwage increase of 20A with the exception of small number of staff who received larger increments to ensure that salaries increased to retain the National Llvlng W8g8 Foundation's recommended Living Wage. The blggest single impact on the organisation's staffing is the announced increases in National Insurance. These changes wlll cost the charlty Sn excess of £100,000 per annum and therefore restrictlng the ability of the organlsatlon to give larger pay rlses or recrult more staff. Central support servlces Underplnnlng the work of Young Devon are a range of support services established to assist our workforce In dellver5ng to their full potentlal; as well as ensure that our work is constantly evolving to achieve the greatest impact in the lives of the young people we work with. Quality Managément Within the man8gement structure of Young Devon, we have the followlng systems In place to ensure high quality S8fe working practice by stsff. Thls is achieved by: • a comprehenslve probatlon and Inductlon process, monthly supervlslon and annual appr818al. • wlde-ranglng tralning and contlnuous professional development. • regular team meetings and an open culture encouraging reflectlve practlce. Perft)rmance Management Wlthln the organlsatlon our perfomiance management policy has a range of systems in place to establlsh targets and monitor performance. All staff have: ' a minimum of quarterly supervlsion ' an annual appraisal and work plan process management trainSng to all staff that have line management responsibility, along with HR workshops delivering In-depth training in those areas line managers have requested further support in Page 13
Young Devon Trustees. Report Quallty Assurancè Young Devon Is committed to the Implementatlon of its ovm Intemal quality management systems and processes, and those of independent and extemal quality awarding bodies. In addition, the organisation remains committed to developing inclusive practice and supporting the workforce to the best of our ability and therefore hold the following standards: . Disabilty Confident Employer . Mindful Employer Regulatlon for supported accommodation serViS for young people is now the responslbility of Ofsted and we have Invested In a new Head of PractlcelRegistered Manager role and accompanying systems to ensure that we are able to Meet new compllance standards. Workforce The Trustees know that the slngle greatest asset of the organisation is the people who vnrk here and the wealth of experlence they brlng. We are fortunate enough to have staff members who have been with Young Devon for over twenty years and are also lucky enough to be regularly welcoming new staff, students and volunteers wlth fresh eyes to help develop our work. The Trustees wish to thank all of the staff for continuing to deliver exlIent levels of support to young people whllst also worklng to secure ongolng fundlng for varfous projects. The Servlce Leadership Group and the Trustees remaln committed to looking for creatlve and co-produced ways of ensuring the wellbeing of all staff and have piloted the use of Independently facilitsted group supeNlsion for any staff member to access. Bulldlngs and Physlcal Assets Young Devon works wlth and supports young people from 32 settings across Devon, Plymouth and Torbay. as young people continue to tell us that a place to go tailored for them is really Important. W8 have continued to work with others in securing more physical spaces ring-fenced for young people,. and a programme of Improvement of our existing settings. Last year, in addition to our cydlcal maintenance of all our supported housing projects, we allocated resources to improve: Ilfracombe: These bulldings have been renovated to improve the offer for young people and the creation of a new one-bed training flat is nearing completion. Newlon Abbot: we are worklng to evolve the existing Change Academy into a new YES centre to give more space to support young people's mental health. Plymouth: completed the purchase and planning pemission ft)r tumlng a shop and store space Into four one bed f18ts wlth the first flat already complete. The key personnel wlth Young Devon are the Board of Trustees. the Chief Executlve Officer and Senior Leadership Group. The Trustees do not receive remuneration and no Trustees claimed expenses during the year. Page 14
Young Devon Trustees. Report The annual report was approved by the trustees of the charity on behalf by: 2911112025 and signed on ils V Flower Trustee Page 15
Young Devon Independent Auditor's Report to the Members of Young Devon Oplnlon We have audited the financial statements of Young Devon (the 'charitable parent companl) and its subsidiarles (the 'group') for the year ended 31 March 2025, which comprise the Consolidated Statement of Flnancial Activities, Consolidated Balance Sheet. Balance Sheet, Consolidated Statement of Cash Flows, Statement of Cash Flov and Notes to the Flnancial Statements, including summary of significant accounting policles. The financlal reporting framework that has been applied in their preparation is United Klngdom Accounting Standards, comprlslng Charlties SORP - FRS 102 'The Financial Reporting Standard appllcable In the UK and Republic of Ireland, and applicable law {United Klngdom Generally Accepted Accountlng Practlce). In our opinion the financial statements: give a true and fair view of the state of the group's and parent charity's affairs as at 31 March 2025 and of Its Incomlng resources and application of resources, Including its income and expendlture, for the year then ended., have been properly prepared In accordance wlth Unlted Klngdorn Generally Accepted Accounting Practice; and have been prepared in accordance wlth Ihe requlrements of the Charltles Act 2011 and Companies Act 2006, Basls for oplnlon We conducted our audit In accordance with Intemational Standards on Audltlng (UK) (ISAS (UK)) and applicable law. Our responslbllltles under those standards are further descrlbed in the auditor responslbilltles for the audlt of the financial statements section of our report. We are independent of the group In accordance wlth the ethical requirements that are relevant to our audit of the financlal statements In the UK, Includlng the FRC'S Ethical Standard, and we have fulfilled our other ethical responslblllties in accordance wlth these requirements. We believe that the audlt eviden we have obtained is sufficiant and approprlate to prov5de a basls for our oplnlon. Concluslons relatlng to golng concern In audltlng the flnanclal statements, we have conduded that the trustees use of the going concern basls of accountlng In the preparatlon of the fln8nclal ststements Ss appropriate. 88sed on the work we have performed, we have not identlfied any material uncertaintles relatlng to events or condltions that. individu811y or collectively. may cast slgnificant doubt on the group's ablllty to continue as a golng concern for a period of at least twelve months from when the original financlal statements were authorlsed for issue. Our responsibilities and the responslbilities of the trustees with respect to golng concem are d8scrib8d in the re18vant S8Ctions of this report. Other infomiatlon The trustees are responslble for the other infomiation. Th8 other information comprises the informatSon Sncluded In the annual report. other than the financial statements and our auditor's report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwlse expllcltly staled in our report. V do not express any form of assurance conclusion thereon. Page 16
Young Devon Independent Auditor's Report to the Members of Young Devon In connectlon wlth our audlt of the financlal statements, our responsibility is to read the other Infomatlon and, In doing so, consider whether the other infonnation is materially inconsistent with the financial statements or our knowledge obtalned In the audlt or otherwise appears to be materially mlsstated. If we Identlfy such materlal Inconsistencies or apparent material misstatements, VR are required to determine whether there Is a material misstatement in the financial statements or materlal misstatement of the other infomation. If, based on the work we have performed, we conclud6 that there is a materSal mlsststernent of this other information, we are required to report that fact. We have nothing to report in this regard. Oplnlon on other matter prescrlbed by the Companles Act 2006 In our opinion, based on the work undertaken in the course of the audit: the information given in the StrategSc Report and Trustees, Report for the financlal year for whlch the financlal statements are prepared Is consistent th the financlal statements. and the Strategic Report and Trustees. R8POrt have been prepared In accordance wlth appllcable leg81 requirements. Matters on whlch w• are r•qulr•d to report by exceptlon In the light of our knowledge and understanding of the group and the parent charitable company and Its environment obtained in the course of the audlt, we have not Identlfied material mi&statements in the Strategic Report and the Trustees, Report. We have nothlng to report In respect of the following matters where the Companles Act 2006 requires us to report to you If, In our oplnlon: adequate accountSng records have not been kept by the parent charitable company, or returns adequate for our audlt have not been received from branches not visited by us; or the parent charitsble company financial statements are not In agreement with the accounting records and retums. or certaln disclosures of trustees remuneratlon specified by law 8re not made. or we have not receSved all the informatlon and explanations we require for our audit. Responslbllllles of trustses As explalned more fully the Statement of Irustses, responsibilitl6s, the trustees are responslble for the preparatlon of the financlal statements and for being satisfied that they give a true and falr vlew, and for such Internal control as the trustees determine is necessary to enable the preparatlon of flnancial ststements that are free from material misstatement, whether due to fraud or error. In preparlng the financlal statements, the trustees are responslble for assesslng the charitvs abilty to continue as a going concem, disclosing. as applicable, matters related to going concem and uslng the golng concem basis of accounting unless the trustees elther Intend to Ilquldate the charity or to cease operations, or have no reallstic alternative but to do so. Auditor rnsponslbilitias for the audlt of the flnancial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error. and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee Ihat an audit conducted in accordance with ISAS (UK) will always detect a material mlsstatement when it exists. Misstatements can arise from fraud or error and are consldered material If, Individually or in the aggregate. they could reasonably be expected to influence the economic decisions of users tsken on the basis of these financial statements. Page 17
Young Devon Independent Auditorfs Report to the Members of Young Devon The extent to which our procedures are capable of detecting Irregularltles, Indudlng fraud is detailed below. Irregularltles, Indudlng fraud, are Instances of non-compliance with laws and regulations. We design prOdureS in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, Includlng fraud. The extent to which our procedures are capable of detecting Irregularltles, Indudlng fraud Is detailed below: We identified areas of lav and regulations that could reasonably be expected to have a material effect on the financial statements from our general commercial and sector experien and through discussion with the Trustees and other management. We communicated identified laws and regulations Ihroughout our tsam and remained alert to any indications of non-compllance throughout the audit. Thé Charity is subject to laths and r8gulatlons that gov8m the praparatlon of the financS81 statements, induding financial reporting legislation. The company Is also subject to other laws and regulations where the consequences of non<ompliance could have a materlal impact on the amounts or disclosures within the financial statements, Includlng employment. anti-brlbery and anti-money laundering. Owing to the inherent Ilmlt8tlons of an audlt, there Is an unavoidable risk that we may not have detected some material mis5tatments In the financial statements, even though we have properly planned and performed our audit In accordance with audStlng standards. In any audit, there remains a higher risk of non-deteclion of irregularities, as these may involve collusion, forgery, Intentlonal omlssions, mlsreprensentatlons, or the override of internal controls, We are not responsible for preventing non-compliance and cannot be expected to detect non-compllance wlth all laws and regulations. As part of an audit in accordance with ISAS (UK), we exerclse professional judgement and malntain professlonal sceptlclsm throughout the audit. We also: Identlfy and assess the rlsks of material misstatement of the financial statements, whether due to fraud or error, deslgn and perform audit procedures responsive to those risks, and obtaln audit evidence that is sufficient and appropriate to provide a basis for our oplnSon. The risk of not detecting a materlal mlsstatement resulting from fraud is higher Ihan for one resulting from error, as fraud may Involve colluslon, forgery, Intentional omissions, mlsrepresentatlons, or the override of Intemal control. Obtain an understanding of intemal control relevant to the audlt In order to design audit procedures that are appropriate in the circumstances. but not for the purpose of expresslng an opinion on the effectlveness of the group's intemal control. Evaluat6 the approprl8ten8ss of accounting pollclès used and the reasonableness of accounting estimates and related disclosures made by the trustees. Conclude on the appropriateness of the trustees use of the going concem b8sls of accountlng and, based on the audit evidence obtained. whether 8 material uncertainty exists related to events or condltlons that may cast significant doubt on the group's or the parent charitable companls abilty to continue as a going concern. If we conclude that a material uncertainty exists, we are requlred to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or condltlons may cause the group or the parent charitable company to cease to continue as a going concern. Evaluate the overall presentation, structure and content of the financial statements, including the dlsclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentstion. Page 18
Young Devon Independent Audltorfs R8POrt to the Members of Young Devon We communicate with those charged with governan regarding, among other matters, the planned scope and timing of the audit and signlficant audlt findings, including any significant deficiendes In intemal control that we identify during our audlt. Us• of our report This report is made solely to the charitable parent companws trustees, as a body, In accordance wlth Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that wa mlght state to the group's trustees those matters we are required to state to Ihem in an auditor's report and for no other purpose. To the fullest extent permltted by law, we do not accept or assume responslblllty to anyone other Ihan the charitable parent company and its trustees as a body, for our audit work, for thls report, or for tha opinions we have formed. Adam Croney ACA (Senior Statutory Auditor) For and on behalf of Westcotts (SW) LLP. Pl House 3 Longbrldge Road Marsh Mllls Plymouth Devon PL6 8LT Date:.. Page 19
Young Devon Consolidated Statamant of Flnanclal Activities for the Year Ended 31 March 2025 (Including Consolidated Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestrlcted funds Restrlctsd funds Total 2025 Total 2024 Not• Income and Endowments Donalions and legacies Other trading actlvltles Investment Incom8 Other income 4,322,144 6,365 5,700 3,229 1,581,114 5,903,258 6,365 5,700 3,229 4,912,789 598 4,031 2,019 Totsl Incom• 4,337,438 1,581,114 5,918,552 4,919,437 Expendlture on: Charitable activitles Trading activities Total èxpèndlture Nat Incomel(expendlture) Transfers between funds (4,154,247) (1,569,206) (211) {5,723,453) 211 (4,993,926) 229 (4,154,458 1,569,206 5,723,664 4,994,155 182.980 3,290 11,908 3,290 194.888 (74,718) Net movement In funds 179,690 15,198 194,888 (74,718) Reconclllatlon of funds Total funds brought forward Total funds carrled forward 1,469,086 53,316 1,522,402 1,597,120 17 1,648,776 68,514 1,717,290 1,522,402 All of the group's activities derive from continuing operations during the above iwo perlods. The funds breakdown for 2024 Is shown In note 17. The notes on pages 25 to 40 fom an integral part of these financial statements. Page 20
Young Devon (Reglstratlon number: 3240655) Consolidated Balance Sheet as at 31 March 2025 2025 2024 Nots Flxed assets Tangible assets 12 1,783,976 1,580,373 Current assets Debtors Cash at bank and In hand 14 915,207 735,459 265,150 546,245 1,650,666 811,395 Credltor8: Amounts falllng due wlthln one year Net current assets 15 1,444,417 794,287 206,249 17,108 Total assets less current Ilabllltl88 1,990,225 1,597.481 Credltors: Amounts falllng duo after more than one year 16 Net a88et8 272,935 75,079 1,717.290 1,522,402 Fundg of the group: Restrlcted Income fund¥ Restricted funds 68,514 53,316 Unrestrlcted Income funds Revaluation reserv6 Unrestrlcted funds 393,485 1,255,291 393,485 1,075,601 Total unrestrfcted funds 1,648,776 1,717,290 1,469,086 Total fund8 17 1,522,402 The financl81 statements on pages 20 to 40 were approved by the trustees, and 8Uthorlsed for Issue 2911112025 on.................... and signed on thelr behalf b V Flower Trustee The notes on pages 25 to 40 fonn an integral part of these financial statements. Page 21
Young Devon (Registration number: 3240655) Balance Sheet as at 31 March 2025 2025 2024 Note Flxed assets Tangible assets Investments 12 1,783,976 1,580,373 1,783,977 1,580.374 Currnnt assets Debtors Cash at bank and In hand 14 915,207 731,975 265,150 542.550 1,647,182 807,700 Credltorg: Amounts falllng due wlthln on• year Net current a8sets 15 1,444,417 794,287 202.765 13.413 Total a88ets less current Ilabllltla8 1,986,742 1,593,787 Creditors: Amounts falling dué after more than one year 16 Net assets 272,935 75,079 1,713,807 1.518.708 Funds of the charlty: Restrlcted Income funds Restricted funds 65,224 53,316 Unrestrlcted Income fund9 Revaluation r8seNe Unrestricted funds 393,485 1.255,098 393,485 1,071,907 Total unr88tricted funds 1.648,583 1,465,392 Total funds 17 1,713,807 1.518.708 The financial statements on pages 20 to 40 were approved by the trustees, and authorised for issue 2911112025 on.................... and slgned on their behalf by: V Flower Trustee The notes on pages 25 to 40 form an integral part of these financial st8tements. Page 22
Young Devon Consolldated Statement of Cash Flows for the Year Ended 31 March 2025 2025 2024 Note Cash flows from operating activities Net cash incom61(expenditure) Adjustments to cash flow8 from non-cash Item8 Depreciation 194.888 (74,718) 12 89,985 78,940 284,873 4,222 Worklng capltal adjustments (Increase)Idecrease in debtors Increasel{decrease) Sn creditors Increase In deferred income 14 15 15 (650,057) 126,098 517,902 123.480 (54,247) 35,437 Net cash flows from operating activities 278,816 108,892 Cash flows from Investlng actlvltles Purchase of tangible fixed assets Cash flows from flnanclng actlvltlaB Repayment of loans and borrowlngs Proceeds from borrowlngs 12 (293.588) (366,098) (6,014) 210,000 (1,304) Net cash flovrfs from financlng activities Net Increasel{decrease) In cash and cash equlvalents Cash and cash equivalents at 1 April 203,986 1.304 189,214 (258,510) 804,755 546,245 Cash and cash equivalents at 31 March 735,459 546,245 All of th8 cash flows are derived from contlnulng operations durlng the above two perlods. The notes on pages 25 to 40 form an integral part of these financial statements. Page 23
Young Devon Statemant of Cash Flows for the Year Ended 31 March 2025 2025 2024 Note Cash flows from operating actlvltles Net cash incomel(expendlture) Adjustments to cash flows from non-cash ltsms Depreciation Investment Income 195,099 (74,489) 12 89,985 5,700 78,940 4,031 420 279,384 Worklng capltal adjustments (Increase)Idecrease In debtors Increasel(decrease) in credltors Increase in deferred Sncome 14 15 15 (650,057) 126,098 517,902 123,480 (54.247) 35.437 Net cash flows from operatlng acllvlties Cash flows from Investlng actlvltles Interest received Purchase of tsnglble flxed assets N8t cash flows from investing actlvities 273,327 105.090 5,700 293,588 4,031 366,098 12 (287,888) (362,067) Cash flows from flnanclng actlvltles Repanent of loans and borrowlngs Net Increasel(decrease) In cash and cash equivalents Cash and cash equlvalents at 1 April 203,986 1,304 189.425 (258,281) 800,831 542.550 Cash and cash equlvalents at 31 March 731.975 542,550 All of the cash flows are derlved from continuing operatSons durlng the above bNo perlods. The notes on pages 25 to 40 fom an integral part of these financial statements. Page 24
Young Devon Notes to the Flnancial Statemants for the Year Ended 31 March 2025 1 General Inforniatlon The charlty Is a publlc benetit entlty and a prlvate company limited by guarantee. registered In England and Wales and a registered charlty In England and Wales. The address of the registered office is 10 Erme Road. Ivybrldge, Devon, PL21 OAB. 2 Accountlng pollcles Summary of slgnlflcant accountlng pollcles and key accountlng estlmatas The prfndpal accountlng pollcles applied in the preparatlon of these financial statements are set out below. These policles have been consistently applled to all the years presented, unless otherwlse stated. Statement of compllance The flnancial statements have been prepared in accordance wlth Accountlng and Reportlng by Charltles: Slatement of Recommended Practice (appllcable to charitles preparing thelr accounts in accordance wlth the Fin8nci81 Reporting Standard appllcable In the UK and Republic of Ireland (FRS 102)) (issued in October 2019) - (Charitles SORP (FRS 102)), the Flnanclal Reporting Standard applicable in the UK and Republlc of Ireland {FRS 102) and the Companies Act 2006. Basls of preparation The flnancial statements have been prepared on the hlstorical cost basis, as modlfled by the revaluation of certain financial assets and Ilabilltles measured at fair value through Income or expenditure. The consolidated financial statements consolidate the financlal statements of the charity and its subsidiary up to 31 March 2025. No statement of financial activitles Is presented for the charity as permitted by section 408 of the Charltles Act 2006. The fin8ncl81 ststements are prepared In sterllng, which is the functional currency of the entlty. Going concem The financSal statements have been prepared on a going concern basis. The Trustees have prepared the financial statements on the golng concem basis as, although challenging, they are confldent that they can continue to operate and meet their liabilities. Judgements and Key sources of estlmatlon uncertalnty The preparation of the financial statements requires management to make Judgements, estimates and assumptions that affect the amounts reported. These estimates and Judgements are continually reviewed and are based on experience and other factors. including expectations of future events that are belleved to b6 reasonable under the circumstances. Fund accounting Unreslricted funds are available for use at the discretion of the trustees to further any of the charitys purposes. Page 25
Young Devon Notes to the Financial Statements for the Yaar Ended 31 March 2025 Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrlctlons on thelr expenditure declared by the donor or through the terms of an appeal, and fall into one of two subolasses: restricted Income funds or endowment funds. Income and endowments All income is included in the statement of financial activities when entitlement has passed to the charity. It Is probable that the economic benefits assoclated with the transaction wlll flow to the charlty and the amount can be rellably measured. The following specific policies are applied to particular categories of income: Income from donatlons or grants Is recognlsed when there Is evldence of entltlemant to the gift, recelpt is probable and its amount can be measured rellably. Income from conlracts for the supply of services is recognlsed wlth the dellvery of the contracted service. Thls Is classified as unrestricted funds unless there Is a contractual requlrement for It to be spent on a partlcular purpose and retumed if unspent. In whlch case It may be regarded as restrfcted. Investment Income Dividends are recognlsed once the dividend has been declared and notification has been received of the divldend due. Expendltura Expenditure Is recognlsed on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and Is dasslfied under headings of the statement of financial actSvities to which it relates: Raising funds Expendlture on raising funds includes the costs of all fundralslng actSvltles, events, non-charitsble tradlng activities, and the sale of donated goods. Charitable activitles ExpendSture on charitable actlvltles Includes all costs Incurred by a charlty In undertaking actlvities that further Its charitable aims for the benefit of Its benefSclarles, Includlng those support costs and costs relating to the govemance of the charlty apportloned to charltabla activlties. Othér éxpenditure Other expenditure includes all expenditure that Is neither related to raising funds for the charlty nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories refiecting the use of the resource. Direct costs attributable to a slngle activity are allocated directly to that activity- Shared costs are apportioned beeen the actlvltles they contribute to on a reasonable. justifiable and Consistent basis. Page 26
Young Devon Notes to the Financial Statements for the Year Ended 31 March 2025 Tanglble fixed assets Tangible assets are initially recorded at cost. and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at Ihe date of revaluation less any subsequent accumulated depreciation and subsequent accumulated Impalrment losses. An Increase In the carrylng amount of an asset as a result of a revaluation, Is recognlsed in other recognlsed galns and losses, unless It reverses a charge for imp8iment that has previously been recognlsed as expendlture wlthSn the statement of financial activities. A decrease in the carrylng amount of an asset as a result of revaluatlon, Is recognised Sn other recognised gains and losses. except to which it offsets any prevlous revaluatlon gaSn, in whlch case the loss is shown wthln other recognised gains and losses on the statement of financial activitles. Depreclatlon and amortlsatlon Depreciation Is calculated so as to wrlte off the cost or valuation of an asset, less its resldual value. ovar the useful economlc Ilfe of that asset as follows: Asset ¢la88 Freehold property Dapreclatlon meth¢Jd and rate 50 years the shorter of 10 years or the perlod of the lease 3 years Leasehold Improvements Fixtures and fittings Impalrment of fixed assets A review for indicators of impairment is carrled out at each reporting date, with the recoverable amount belng estimated whera such indicators exist. Where the carrying value exceeds the recoverable amount, the asset Is Impalred accordingly. Prlor Impaiments are also revSewed for posslble reversal at each reportlng date. For the purposes of Impalrment testlng, when It Is not posslble to estimate the recover8ble 8mount of an individual asset, an estlmale is made of the recoverable amount of the cash-generating unlt to which the asset belongs. The cash4Jenerating unit Is the smallest 'identlflable group of assets that Includes the asset and generates cash inflows that largely independent of the cash Snflow from other assets or groups of assets. For Impalrment testSng of goodwlll, the goodwill acquired in a business combination Is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination. irrespective of whether other assets or Ilabllities of the charlty are assigned to those unSts. Page 27
Young Devon Notes to the Financial Statements for the Year Ended 31 March 2025 Government grants Govemment grants are recognised at the fair value of the asset reIVed or recelvable. Grants are not recognised until there is reasonable assurance that the charity wlll comply with the conditlons attaching to them and the grants will be received. Where the grant does not impose specified future perfOrMan-re1ated conditions on the recipient. it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the perfOrMan-re1ated conditions have been met. Where grants received are prior to SatIsng the revenue recognltlon criterla, they 8re recognised as 8 Ilablllty. Flnanclal Instruments Classlflcatlon A finandal asset or a flnanclal liablllty is recognlsed only when the entlty becomes a paty to the contractual provlsions of the instrument. Recognltlon and moasuramant Basic financlal Instruments are Inltlally recognlsed at the amount receivable or payable including any re18ted transactlon costs, unless the arr8ngement constitutes a financing trans8Ctlon, where it is recognised at the present value of the future paymants discounted at 8 market rate of interest for similar debt instrument. Current assets and current liabSlltles are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Financial assets that are me8sured at cost or 8mortlsed cost are revlewed for objectlve evidence of impairment at the end of each reportlng date. If there Is objectlve evldence of Impalment, an impairment loss is recognised under the 8pproprlate headlng In the statement of financial actlvltles In whlch the Inltial gain was recognised. For all equty instrum8nts regardless of signlficance, and other financi81 assets that 8re Individually significant, these are assessed individually for impairment. Other financial assets, are either assessed individually or grouped on the basis of slmllar credit risk chardcteristics. Llmlted by guarantee The charity is a company limited by guarantee. In the event of the charity being wound up, the liability In respect of the guarantee is Ilmited to £10 per trustae. Page 28
Young Devon Notes to the Financial Statements for the Year Endad 31 March 2025 3 Incorne from donations and legacies Unrestrfcted funds Restrlcted funds Total 2025 Donatlons Donations Grants Govemment grants 38,538 38,538 4,283,606 4,322,144 1,581,114 1,581,114 5,864.720 5,903,258 Unrestrlcted funds R•8trlctad funds Total 2024 Donatlons Donallons Grants Government grants 30,378 30,378 3,712,650 3,743,028 1,169,761 4,882,411 4,912,789 1.169.761 4 Income from other tradlng actlvltles Unrostrlcted funds Total 2025 Total 2024 TraSnlng 6,365 6,365 6,365 6,365 598 598 5 Investment Income Unrestrlctsd funds Total 2025 Total 2024 Interest recelved 5,700 5,700 4,031 6 Other Incoma Unrestrlcted funds Total 2025 Total 2024 Insurance daim 3,229 3.229 2,019 Page 29
Young Devon Notes to the Financlal Ststements for the Year Ended 31 March 2025 7 Expendlture on charltabl• activities Total 2025 Total 2024 Core costs Volca Wellbeing Accomm'n Skllls Dlrect project costs Staff costs Rates and utilities 25,986 Property costs 239,217 Travel costs 10,663 Office admln 19,068 IT& communlcatlon 45,901 Marketlng and promotlon Professional fees Govemance & audit Flnance charges Depreclatlon 22,613 603,264 79,451 1,794,589 1,634.954 410,697 366 4,535 10,361 2,942 3,942,304 3,541,327 621,468 569,205 1,093 8,618 344,012 27,766 38,572 1,799 5,370 122,342 6,716 8,035 1,436 149,421 598,563 86,513 27,682 123,180 413,235 67,675 27.831 1,477 227 24,039 61,139 10,174 141,480 117,104 6,682 2,080 265 291 9,318 12,659 19.893 19,893 17,589 14,526 14,526 11.926 15,612 43,251 1,066,676 6.688 44.631 22,300 11,498 89,985 80,697 564,350 5,723,453 4,993,926 386 1.717 81,530 1,863,812 2,147,085 Of the total exper)dlture £1,569,206 was restrlcted (2024: 1,202,394) and £4,154,247 was unrestrlcted {2024: 3,791.532). Expenses are allocated on tha basls of dlrect allocation to the particular actlvltles. General adminlstratlon costs that allocated dlrectly are evenly between the areas. Taxatlon The charity Is exempt from tax on Income and g8ins fallSng wlthln sectlon 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. Page 30
Young Devon Notes to th8 Financial Statements for the Year Ended 31 March 2025 9 Net Incomlngloutgoing resources Net Incomingl(outgoing) resources for the year Indude: 2025 2024 Depreclatlon of tanglble fixed assets 89,985 78,940 10 Staff costs The aggregate payroll costs were as follovrfs: 2025 2024 Staff costs durfng the year wore: Wages and salaries Soclal securlty costs Penslon costs 3,229,326 249,030 64,477 2,923,308 223,841 58.829 3,542,833 3,205.978 The monthly average number of persons (including senior management I leadershlp team) employed by the group durSng the year expressed as full time equivalents was as follovts: 2025 No 171 2024 No 159 Average head count of employees The number of employees whose emoluments fell wSthln the followlng bands was: 2025 No 2024 No £60,001- £70,000 £70,001- £80,000 11 Trustees remuneratlon and expenses No trustees, nor any persons connected with them, have receSved any remuneratlon frorn the group during the year (2024: £nil). No trustees have received any reimbursed expenses or any other benefits from the charity during the year (2024: £nil). Page 31
Young Devon Notes to the Financial Statements for the Year Ended 31 March 2025 12 Tanglble flxed assets Group Freehold property Leasehold Fixtures and Improvements flttings Total Cost Al 1 April 2024 Addltlons 1,699,921 249,052 283,606 13,223 469,751 2,453,278 31,313 293,588 At 31 M8rch 2025 1,948,973 296,829 501,064 2,746,866 Depreclatlon At 1 Aprll 2024 Charge for the year 176,705 63,949 258,019 14,011 438.181 12,025 872.905 89,985 At 31 March 2025 240,654 272,030 450,206 962,890 Net book valuè At 31 March 2025 1,708,319 24,799 50,858 1,783,976 At 31 March 2024 1,523,216 25,587 31,570 1,580,373 The property on Wilder Road has been by revalued Underwood Wright Chartered Surveyors, an Independent v8luer, in October 2019 with the value being applied following completlon of the purchase in Jun8 2020. The charity r8cognises the same tangible fixed assets as the group. In respect of tangible fixed assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised If the assets had been carried under the historical cost model are as follows: 2025 2024 At 31 March 2025 Aggregate cost Aggregate depreciation 1,549,213 (175,411) 1,373.802 1,300,161 (170,430) 1,129,731 Carrylng value Page 32
Young Devon Notes to the Flnanclal Statements for th8 Year Ended 31 March 2025 13 Investment entliles Subsldlary undertaklngs Class of share Percentage of shares held Young Devon Trading Ltd. 1 Ordlnary share of £1 100 Young Devon Trading Limited is the wholly owned tradSng subsldlary of the charity. The company is ncorporated In the UK, its company number is 06958521. The reglstered address Is 10 Erme Road, Ivyoridge, Devon, PL21 OAB. The subsidlarrfs flnanclal slatements have been consolidated with the charitys for the year to 31 March 2025. In the year, the subsldlary received no trading income (2024: £nil) and Incurred expenditure of £211 (2024: £229) whlch resulted in a loss of £211 (2024: £229 loss). At the yearond, the subsidiary had reserves of £3,483 (2024: SerVeS of £3,694). 14 Dobtors Group 2025 Charlty 2025 2024 2024 Trade debtors Prepayments Accrued incom8 Other debtors 699.350 77,804 127,783 10,270 915,207 84.178 35.369 137,933 7,670 265,150 699,350 77,804 127,783 10,270 915,207 84,178 35,369 137,933 7,670 265,150 Page 33
Young Devon Notes to the Flnanclal Statements for the Year Ended 31 March 2025 15 Craditors: amounts falling due within one year Group 2025 Charity 2025 2024 2024 Bank loans Trade creditors Other taxatlon and sodal securSty Accnjals Deferred Income Other credltors 7,471 213.139 1,341 122,835 7,471 213.139 1,341 122,835 59,184 150.364 992,544 21,715 1,444,417 51,827 129.142 474.642 14,500 794,287 59,184 150,364 992,544 21,715 1,444,417 51,827 129.142 474,642 14,500 794,287 Deferred Income 2025 2024 Deferred Income at 1 April 2024 Resources deferred in the period Amounts released from previous periods Deferred income at year end (474,642) {2,259,608) 1,741,706 (439,205) (795,519) 760,082 992,544 474,642 16 Credltors: amounts falling due after one year Group 2025 Charity 2025 2024 2024 Bank108ns 272,935 75,079 272,935 75,079 The bank loan Is secured agalnst the propety on Wllder Road. Page 34
Young Devon Notes to the Financial Statements for the Year Ended 31 March 2025 17 Funds Group Balance at31 March 2025 Balance at 1 Aprll Incomlng Resources 2024 resources expended Transf•rs Unrestrfcted funds General funds Revaluation reserve Designated funds 795,601 4,337,438 (4,154,458) 393,485 280,000 (3,290) 975,291 393,485 280,000 Total unrèstrlcted funds 1,469,086 4,337,438 4,154,458 <3,290) 1,648,776 Group and charlty restrlcted funds Restrlcted funds SWEF (South West Enterprlse Fund) ECC Homeless Preventlon Sexual Health Early Help Sidmouth Youth Clubs OPPC Targeted Youth Worf< YES Pilot Hubs Exeter YES Centre Wellbelng WhSle Watlng WellbeSng Practitioner EDDC Homeless Prevention DCC Domestic Abuse Small Fund - Youth council Small Fund - CEW Small Fund - Housing North Small Fund - Housing South Small Fund - Torbay Houslng Small Fund - Central office CEW Travel Grant Doing What Matters PCMHI 40,153 147,287 10,000 575,800 40.006 6,855 298,857 394 7,555 197,210 48.715 119,972 (40.153) (147,823) (14,510) (575.800) (40.019) {8,302) (271,121) (360) <4,897) (197,210) (52,631) (122.504) (999) (867) (1,401) (4,565) {943) 7,595 14.019 7,059 9,509 13 1,447 27,736 50 2,658 16 3.916 18,101 15,569 999 867 1,401 7,000 943 1,499 650 2,435 1,999 3,498 (650) (831) (83,620) 831 7,670 75,950 Total restricted funds 53.316 1,581,114 (1,569,206 3.290 68.514 Total funds 1,522,402 5,918.552 5,723.664 1,717,290 Page 35
Young Devon Notes to the Financial Statements for the Year Ended 31 March 2025 Balance at 1 Aprll 2023 Balance at 31 March 2024 Incomlng Rasources M8ourc•s axp•nd•d Transfers Unrestrlcted funds General funds Revaluation reserve Designated funds 853,558 393.485 280.000 3,749,676 {3,791,761) (15,872) 795,601 393.485 280.000 Total unrestrlcted funds 1,527,043 3,749,676 3,791,761 15,872 1,469,086 Restrlcted funds SWEF (South West Enterprise Fund) ECC Homeless Preventlon Sexual Health Emotlon81 Health and WellbeSng Sidmouth Youth Clubs OPPC Targeted Youth Wk YES Pilot Hubs Exeter YES Centre Wellbelng Practltloner EDDC Homeless Prevention DCC Domestic Abuse Small Fund - Central office CEW Travel Grant Doing What Matters PCMHI Changemaker Fund Total restrlcted funds 32,564 (32,564) 691 15,559 143,152 10.000 (136,248) (11,540) 7,595 14,019 51.823 614.733 38,125 {666.556) (41,711) 3,586 9,884 443 542 126,239 {9,884) (443) (530) (126,239) 16 47,760 59,986 (43,844) (41,885) 3,916 18,101 2,000 (2,525) (60,730) {9,762) (17,380) 553 2,524 1,999 60,730 9,762 25,050 7,670 70,077 1,169,761 1,202,394 15.872 53.316 Total funds 1.597,120 4.919.437 4,994.155) 1.522,402 Page 36
Young Devon Notes to the Financial Statements for the Year Ended 31 March 2025 Charlty Balance at 31 March 2025 Balance at 1 April 2024 Incomlng resources Resources expended Unrestrfctsd funds General funds Revaluatlon reserve Designated funds 7g1,907 393.485 280.000 4,337,438 {4,154,247) 975,098 393,485 280,000 Total funds 1,465.392 4.337,438 4,154.247 1,648.583 Balanco at 1 Aprll 2023 Balance at 31 March 2024 Incomlng Resources resources expended Transfers Unr•strlctsd funds General funds Deslgnated funds Revaluatlon reserve 849.635 280.000 393,485 3,749.676 (3,793,257) (14,147) 791,907 280,000 393,485 Total funds 1,523,120 14,147 3.749,676 1,465,392 3,793,257 Restricted funds represent speclflc projects which are restrlcted by virtue of thelr fundlng contracts. Surpluses and deficits arlslng on these funds are transferred to unrestricted funds in accordance with accounting policies. SWEF (South West Enterprlse Fund) Buslness Grants for Young Entrapreneurs Aged 18-30 and support In education. Employing staff to deliver homelessness preventSon across Exeter Council area to young people 8t rlsk of homelessness. ECC Homeless Preventlon Sexual Health To provide a sexual health servlce In Ivybrldge and Newton Abbot. Sidmouth Youth Clubs To deliver session to young people attending youth dubs. Targeted Support is a service to support young people who may be experiencing challenges. Thls could be with the pressures of being a leenager, such as difficult relationships, feeling low, angry or confused about your future. OPPC Targeted Youth Work Page 37
Young Devon Notes to the Financial Statements for the Year Ended 31 March 2025 12 month Pilot to setup to support YES Hubs across Devon YES Hubs provide services and advi to address a variety of issues you may be facing, including homelessness, domestlc abuse, nutrition, CV wrhlng and inteNiew skllls. YES Pilot Hubs Exeter Yes Centre (Small Fund) Funds ralsed to support young people activities Exeter YES. Improving Access to Psychological Therapy program for the recrultment and traSnlng of psychoSoglcal wellbelng practitioners to access and support people with common mental health problems. WellbeSng Practitioner Employing staff to deliver homelessness preventlon across East Devon Dlstrfct Councll to young people at risk of homelessness. EDDC Homeless Preventlon DCC Dornestlc Abuse Provldlng support to young women who have experlenced domeslic abuse In Devon. Small Funds Funds raised to support young people actlvities. Dolng What Matters Internal project to recrult and support volunteers In and for Young Devon. The Primary Care Mental Health (PCMH) service covers GP surgeries In Devon. The seIce provides sp8ciallst mental health support for GP surgerles so that young people with mental 111 health can access prompt advice and support, recelve help In a communliy sattlng and experlence a mo Jolned-up approach to care. Primary Care Mental Health Integration Changemaker Fund Funds to support young people (poverty and homelessness). Page 38
Young Devon Notes to the Financial Statements for the Year Ended 31 March 2025 18 Analysls of not assets betwe8n funds Group Unrestrlcted funds Total 2025 Tangible fixed assets Current assets Current liabilities Credltors over 1 year Total net assets 1,783,976 1,650,666 {1,462,390) (254.962) 1,717,290 1,783,976 1,650,666 (1,462,390) {254.962) 1,717,290 Unrestrlcted funds Total 2024 Tangible flxed assets Current assets Current liabilities Creditors over 1 year 1,580,373 811,395 (794,287) (75,079) 1,522,402 1,580,373 811,395 (794,287) (75,079) 1,522,402 Total net assets Charity Unrnstricted fund8 Total 2025 Tanglble fixed assets Current assets Current liabillties Creditors over 1 year Totsl net assets 1,783,977 1,647,182 (1,462,390) 254,962) 1,713,807 1,783,977 1,647.182 (1,462,390) 254,962) 1,713,807 Unrestrlcted funds Total 2024 Tangible fixed assets Current assets Current liabilities Credltors over 1 year 1,580,374 807,700 (794,287) 75,079 1,580,374 807,700 (794,287) 75,079 Totsl net assets 1,518,708 1,518,708 Page 39
Young Devon Notes to the Financial Statements for the Year Ended 31 March 2025 19 Analysls of net funds Group At l Aprll 2024 Flnancing At 31 March cash flows 2025 Cash at bank and In hand Debt due within one year Debt due after more than one year 546,245 (1,341) (75.079 469.825 189.214 (24,103) 179,882 735.459 (25,444) 254,961 Net debt 14.771 455,054 20 Obllgatlons under leases and hlre purcha8• contracts Opèratlng leas• commltmants Total future mlnlmum lease paents under non-cancellable operatlng leases are as follows: Group 2025 Charlty 2025 2024 2024 Land and bulldlngs Wlthln one year Between one and five years After five years (241,835) (385.134) 314,652 (213,615) (413,354} 322,151 (241,835) (385,134) 314,652 941,621 (213,615) (413,354) 322,151 949,120 941,621 949,120 21 Rélatèd party transactlons Young Devon Tradlng Llmlted Young Devon Trading Limited are the wholly owned trading subsidiary of the ch8rity. The registered address is 10 Eme Road. Iridge. Devon. PL21 OAB. At the end of the reporting period the subsidiary had no debts owing to the parent charity (2024: £Nil). The subsidiarfs financial statements have been consolidated with the charitys for the year to 31 March 2025. YGS Landscapes Llmitsd Steven Warren-Brown, a Trustee of Young Devon - is also a Director of YGS Landscapes Limited. During the year. services were provided by YGS Landscapes Limited to Young Devon, whilst this is a related party. the transaction amounting to £1,500 was held at arms length. Page 40