Company registration number: 03648122 Charity registration number.. 1072028 Youth Enquiry Service, Brixham Limited (A company Ilmited by guarantee) Annual Report and Financial Statements for the Year Ended 31 March 2024 AOINICVY 2411212024 COMPANIES HOUSE A44
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Youth Enquiry Service, Brixham Limited Contents Reference and Administrative Details Trustees, Report 2to7 Independent Examiner's Report Statement of Financial Activities Balance Sheet 10 Notes to the Flnancial Statements 11 to24
Youth Enquiry Service, Brixham Limlted, Reference and Administrative Delails Truslees A M Stemmer K Griffith R A Snell L P Murphy A Carton Secretary CGUY Charity Registratlon Number 1072028 Company Registration Number 03648122 Reglstered Offlee The Edge Bolton Street Brixham Devon TQ5 9DH Independenl Examiner Westcotts ISW) LLP Peiitor House Nicholson Road Torquay Devon TQ2
Youth Enqulry Servlce, Brixham Llmlted Trustees, Report The trustees, who are directors for the purposes of company law, present the annual report together with Ihe financial statements of the charitable company for the year ended 31 March 2024, Obleciives and actlvities Objects and aims Objective of the charily is to create a welcoming and supportive space where people of all ages and all backgrounds can come together to create opportunities. Our vision is tor a vibrant Brixham, where everyone feels valued, connected and able to live fulfilled lives. We believe in doing things with people and noi for people. The trustees have paid due regard to the Charily Commission's guidance on public beneflt. Oblectlves, strategies and actlvltles This has been another very busy year for the charity. The steep rise in the cost of living over the last couple of years had had a significanl impact on the people the charity helps . Brixham is in an area where wages are low and employment opportunities scarce. Anxiety and Stress related problems have also been increasing as people try to make ends meet but are finding the strain too hard to cope with. These issues then cause relationship problems and heallh problems for some of the people we are seeing come into YES. Our support workers have been helping people with the following issues:
Youth Enquiry Service, Brlxham Limited Trustees, Report Objectlves, strategies and activities (cont.) Benefit checks Bills and financial awareness Blue badge applications Carers allowance Care home fees Community care Council tax Debt and budgeiing Devon Home Choice registration (online applications) Domestic abuse issues Eviction issues Employment education and training Energy and ulility bills Food bank Government Gateway problerns Health issues Housing Housing benefil Job applications and help with C.V's Pension queries P.l.P. claims Relationships and family issues Support for refugees Universal Credit Wellbeing Work capability assessments The Food Bank at YES Corninues to be in demand as local people struggle with their bills which are rising. We are increasingly seeing people that are in low paid work requesting food parcels in the third and fourth week of each month as they run out of money. It is often hard for these people to ask for help, and we hope that by getting funding lo open a Community Fridge that is accessible during our opening hours helps wilh this. The fridge and baskets of vegelables, bread and other food items are housed in an area of the building that is easily accessible and has a separate entrance. We gel food frorn local businesses and supermarkets donaied io us and we have found Ihai local people also add items they do not need, YES, continues to offer a Home from Hospital service to support people leaving hospital as they go back to their homes. This helps to free up hospital beds for other patients. The local Dociors surgeries also refer people lo us that need support to stay in their homes. Together wilh our Handy Person Service we are able to help with moving furnilure around, putting up rails to aid access lo homes, repairing toilet seats, small DIY jobs and repairs and sometimes heating food or shopping.
Youth Enquiry Service, Brixham Limited Trustees. Report Objectives, strategies and activitles (conL) Activities held at The Edge l YES Brixham., Bereavement Support Group Brixham Folk Club Circuit training Community Dance Digital Empowerment Orumming Workshop Meet Cook Eat Menial Health Support Group Music (two groups and one inter-generational one for young people> Music Events (four per yearl Trapeze Yoga Ukrainian Support Group Yoga Young volunteers Muslc@TheEdge .The charlty has continued 10 SUPPOrt the community through the use of Music. The project has been very well supported by a volunteer team and which has supported local groups. Charity Shop The YES Charity Shop continues to bring in revenue for the Charity and is very much valued in the community. We have a bank of volunteers and also have young people volunteering as part of their Duke of Edinburgh award and also people on community seniice. The shop is valuable for direciing people needing support up to The Edge who may not otherwise know what YES offers. Makers Space This is situated in the charity shop and is a place for people to take part in workshops or groups offering craft activities. There are opportunities for people to take part in activities that are free to access and include, sewlng, mending, upcycling, beading, chess, and other crafts using materials and equipment that have been donated. YES Homes We have had tenants in all our flats during this financial year. All the tenants are vulnerable in some way. We did have problems with one tenant, but this was resolved. At present we have eight Ilats, three houses and 0 small reiail units that are let out to local people.
Youth Enquiry Service, Brixharn Limiled Trustees. Report Public benefit The trustees confirm thai they have complied with the requirements of section 17 of Ihe Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. Flnanclal revlew Total income received during the year was £398.458 (2023 - £368,327) of which £170,153 (2023 - £100,655) related to donations and grants. The remaining £228,305 {2023 - £267.6721 included trading activities, invesirnents and Oiher income. Total expenditure was £406,060 (2023 - £423.381) of which £367,855, (2023 - £385,643) was spent on charitable activities. Policy on reserves The sum of £1,264,542 {2023 - £1,272,144) remains in our funds, with unrestricted funds of £766,724 12023 - £765.171) and restricted funds of £497.81812023 - £506,973). The trustees agree that we will aim to hold a minimum of three months and a maximum of six months in reserve, based on regular expenditure and this equates to approximate £96,000 per quarter. The current ffee resenies are £39.39512023 £51,395). but due to the diverse income streams Ihe truslees are confident that any shortfall would be met if it was required. We are constantly looking for opportunities and unrestricted funding, although this is hard to find. We are also looking to bulld more rental properties to generate more income and strengthen our sustainability. Plans for future periods Aims and key objectlves lor luture perlods During the coming 12 months April 2024 - March 2025 we plan to look at further funding opportunities for core funding including partnership working and increasing our delivery of projects for the local authority. We wlll continue lo look at ways of supportlng the wellbeing of members of the local community especially in these times of increasing food, energy and housing costs. Many people in the local community are finding that they are financially not able to make ends meet and need help and support io become financially resilient. (Y equal importance is the wellbeing of our staff and volunteers and we will continue to keep their needs addressed, especially in regard lo the increased workload they are carrying as a result of the escalalion in demand for our services.
Youth Enquiry Service, Brixham Limited Trustees, Report Structure? governance and managemenl Nature olgovemlng document The charily is controlled by ils governing document, memorandum and articles of association and constitutes a company limited by guarantee as defined by the Companies Act 2006. Recruitment and appolntment ol trustees New trustees are appolnted by advertising on our website and on a volunteering website, we also approach people who are interested and committed to supporting our charity. Prospective trustees are invited to attend a trusiee meeting as an observer. if they are interesied in becoming a trustee the current trustees then go through an interview procedure. We have a booklet Ihat explains the role and responsibilities of trusiees. New truslees are made aware of their responsibilities, including the safe management of the charity's assets and participation towards key decisions, upon their induction. Volunteers The average number of volunteers who supported the charity during this period were between 50 and 60. Roles and Responslbillties of Volunteers include.. Supporting the Music Projecis Charity Shop volunteerlng Supporting YES Charity Events General volunleering at The Edge (the home of the charity) Food Bank support Major risks and management of those rlsks The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
Youth Enquiry Service, Brixham Limiled Trustees. Report Statement ol trustees. responslbilltles The trustees (who are also the directors of Youth Enquiry Serrfi, Brixham Limited for the purposes of company law) are responsible for preparing the trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounling Standards (United Kingdom Generally Accepiecl Accounling Pradice), including FRS 102 The Financial Reporting siandard applicable in the UK and Republic of Ireland" The report and accounts have been prepared in accordance wilh the provisions in the Companies Act 2006 relating to small companies. Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are saiisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources. including its income and expenditure, of the charitable company for that period. In preparing these financial statements. the trustees are required to: select suitable accounting policies and apply them consistently; observe the methods and principles in the Charities SORP. make judgements and estimates that are reasonable and prudent; state whether applicable accounting standards, comprising FRS 102 have been followed, subject io any material departures disclosed and explained in Ihe financial statements,. and prepare the financial statements on Ihe going concern basis unless it is inappropriate to presume that the charitable company will conlinue in business. The trustees are responsible for keeping proper accounting records that can disclose wilh reasonable accuracy ai any lime the financial posilion of the charitable company and enable them lo ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity ol the corporate and financial information included on the charltable company's website. Legislaiion governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Small companies provlsion siaiement This report has been pr8par8d in accordance with the small companies regime under the Companies Act 2006. The annual report was approved by ihe trustees of the charity on8.7/o&.tr.. and signed on its behalf by: R A Snell Trustee
. Youth Enquiry Service, Brixham Limited Independent Examlner's Report to the trustees ol Youth Enqulry Service, Brixham Limited ('the Company.) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024. Responslbllltles and basls of report As the charity's trustees of the Company (and also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect ot my examinalion of your charity's accounts as carried out under section 145 of the Charities Act 2011 {'the 2011 Act'l. In carrying out my examination I have followed the Directions given by Ihe Charity Commission under section 14515)Ib) of the 2011 Act. Independent examiner's statement Since the Company's gross Income exceeded £250,000 your axaminer must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of . which is one of the listed bodies. I have completed my examination. I confirm that no Matters have come to my attention in connection with the examination giving me cause to believe.. 1. accounting records were not kept in respect of Youth Enquiry SeNice, Brlxham Limited as required by section 386 of the 2006 Act: or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements ot section 396 of the 2006 Act other than any requirement that the accounts give a'true and fair view, which is not a matter considered as part of an independent examination: or 4. the accounts have not been prepared in accordance wilh the methods and principles of the Statement of Recommended Practice for accounting and reporting by charilies [applicable io charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021]. I have no concerns and have come across no other matters in connection with the examinalion to which allenlion should be drawn in this report in order io enable a proper understanding ot the accounts to be reached. M D Crabtree jFCCAj Westcotts (SW} LLP Pelitor House Nicholson Road Torquay Devon TQ2 Date:
Youth Enquiry Service, Brixham Limited Statement of Financlal Aclivities for the Year Ended 31 March 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted funds Restrlcted funds Total 2024 Total 2023 Note Income and Endowments from: Oonations and legacies Charitable activities Other trading activitl8S Inveslment income Other income 166,439 103,812 78,446 469 3,714 33,352 170,153 137,164 78,446 469 100,655 191.854 74,109 220 Total income 360 192 398 458 368 327 Expenditure on: Raising funds Chariiable activities 138,2051 312482 (38,205) 367 855 {37,738> 385 643 55.373 Total expenditure Nel incomellexpenditure) Transfers between funds 350 687 406 060 423 381 9,505 (17,107) 17,602) {55,054) Net movement in lunds 1,553 (9,155) 17,602) (55,054) Reconclllatlon of funds Total funds brought forward 765 171 506 973 1272 144 1327 198 Total funds carried forward 21 766 724 497818 1264 542 1272 144 All of the charity's activities deriv8 from continuing operations during the above two periods. The funds breakdown for 2023 is shown in note 21. The noles on pages 1110 24 lorm part ol these financial slatemenls
Youth Enquiry Service, Brixham Limited {Reglstratlon number: 03648122) Balance Sheet as at 31 March 2024 2024 2023 Note Fixed assels Tangible assets 15 2,160,811 2,163,314 Current assels Debtors Cash at bank and in hand 16 17 26.306 19,110 61,859 77,580 Credltors: Amounts falllng due within one year Net current assets 18 39.395 51.395 Total assets less Current Ilabllllles 2,200,206 2,214,709 Credltors: Amounts falllng due after more than one year 19 Net assets 935 664 942 565 1264,542 1272 144 Funds of the charity: Restrlcled Income funds Restricted funds 497,818 506,973 Unrestricted income funds Unrestricted funds 766 724 765 171 Total fund8 21 1264 542 1272 144 For the financial year ending 31 March 2024 the charity was entitled lo exemption from audil under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities: The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and The directors acknowledge their responsibilities for complying wlth the requlremenis of the Act with respect to accounting records and the preparation ol accounts. These financial statements have been prepared in accordance with the special provisions relaling to companies subject to the small companies regime within Part 15 of the Companies Act 2006. The inancial statements on pages 10 to 26 were approved by the trustees, and authorised for issue on signed on their behalf by: R A Snell Trustee The notes on pages 11 to 24 lorm part of these Ilnanclal stalemenls
Youth Enquiry Service, Brixham Limited Notes to the Financial Statements for the Year Ended 31 March 2024 1 Charlty aluS The charity is limiied by guarantee, incorporated in England, and consequently (k)es not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation. The address of its registered office is.. The Edge Bolton Street Brixham Devon TQ5 9DH 2 Accountlng pollcies Summary of slgnlllcant accounllng pollcles and key accountlng esiimaies The principal accounting policies applied in the preparation of these financial statements are sel out below. These policies have been consistently applied to all the years presented, unless otherwise stated. Slatement ol compllanee The financial statements have been prepared In accordance with Accounting and Reporting by Charities.. Statement of Recommended Praclice {applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) {issued in October 2019) (Charities SORP {FRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 and the Companies Act 2006. 8asls of preparatlon Youlh Enquiry SeNice, Brixham Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or Iransaction value unless otherwise stated in the relevant accounting policy notes. Going concern The trustees consider that there are no material uncertainties about Ihe charity's abilty to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charlty.
Youth Enquiry Service, Brixham Limited Notes to the Financial Statements for the Year Ended 31 March 2024 Judgements and key sources of esiimation uncertainty The preparation of the financial siatements requires management to make judgements, estirnates and assumptions Ihat 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 believed to be reasonable under the circumstances. Accounting estimates and assumpiions are made concerning the fulure and, by their nalure, will rarely equal the related actual outcome. Income and endowments All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of Ihe income receivable can be measured reliably. Donatlons and legacles Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, Ihe income is deterred and noi recognised until either those conditions are fully met, or the fulfilmenl of those conditions is wholly within the control ol the charity and it is probable that these conditions will be fulfilled in the reporting period. Grants receivable Grants are recognised when the charity has an entitlement to the funds and any conditions linked to Ihe grants have been met. Where pertormance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released. Expendlture All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading ihat aggregate similar costs to that category. Where costs cannot be directly attributed lo particular headings they have been allocated on a basis consisient with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the assel's use. Other support costs are allocated based on the spread of staff costs. Ralslng lunds These are costs incurred in attracting voluntary income, the management of investments and Ihose incurred in trading activities that raise funds. Charltable activities Chariiable expenditure comprises those costs incurred by the charity in the delivery of its actlvltles and seNices for its beneficiaries. 51 includes both costs that can be allocated directly to such activilies and those costs of an indirect nature necessary to support them. Supporl costs Support costs include central funciions and have been allocated to actlvity cost categories on a basis consistent with the use of resources, for example. allocating property costs by floor areas, or per capila, staff costs by the time spent and other costs by their usage. 12
Youth Enquiry Service, Brixham Limited Notes to the Financlal Statements for the Year Ended 31 March 2024 Governance Costs These include the costs aiiributable io the charily's compliance with constitutional and slatutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses. Tanglble flxed 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 the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease In the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain. in which case the loss is shown within Oiher recognised gains and losses on the statemeni ol financial aclivilies. Depreclaiion and amortlsatlon Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows.. Asset class Freehold property Fixture, fittings and equipment Motor vehicles Depreclatlon method and rate 2 1. Straight line 200/. Reducing balance 25°/o Reducing balance Impalrmenl ol Ilxed as8eis A review for indicators of impairment is carried out ai each reporting dale, wilh the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds Ihe recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. Cash and cash equlvalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-terrn highly liquid investments that are readily convertible to a known amount of cash and are subjecl to an insignificant risk of change in value. Fund slructure Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity. Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. 13
Youth Enquiry Service, Brixham Limited Notes to the Flnanclal Statements for the Year Ended 31 March 2024 Pensions and other post retirement obligations The charity operates a defined contribution pension stheme which is a pension plan under which fixed contribulions are paid into a pension lund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to ernployee seNice in the current and prior periods. Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution paymenis exceed the contribution due for service, the excess is recognised as a prepayrnent. Financial instrumenls Classilicatlon Financial asseis and flnancial liabilities are recognised when the charity becomes a party to the conlractual provisions of the instrumenl. Financlal liabilities and 8quiiy instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabililies. Recognltlon and measurement All financial assets and liabilities are initially measured ai iransaction price (including transaction costs), except for those financlal assets classified as at fair value through profit or loss. which are inilially measured at fair value (which is normally the transaction price excluding iransaciion costs), unless the arrangemeni constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market raie of interest for a similar debt instrument. Financial assets and liabilities are only offset in the siatement of flnancial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or lo realise the asset and settle the liability simultaneously. Financial assets are derecognised when and only when a) Ihe conlractual rights to the cash flows from the financial asset expire or are settled, b) the charily transfers lo anolher party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to anoiher party. Financial liabilities are derecognised only when the obligaiion specified in the contract is discharged, cancelled or expires. 14
Youth Enqulry Service, Brixham Limited Notes to the Flnanclal Slatements for the Year Ended 31 March 2024 Debt instruments Debl instruments which meet the followlng condltions are subsequently measured at amortised cost using the effective interest method.. (a) The contractual turn to the holder is (i) a fixed amount: (li) a positive fixed rate or a positive variable rate- or (iii) a combination of a positive or a negative fixed rate and a positive variable rate. Ibl The contract may provide for repayments of the principal or the return to the holder (but not both) to be linked to a single relevant observable index of general price inflalion of Ihe currency in which the debt instrument is denominated, provided such links are noi leveraged. Ic) The conlract may provide lor a determinable variaiion of the return to the holder during the life of the instrument. provided that {1) the new rate. salisfies condition {a) and the variation is not contingent on future events other than (1) a change of a contractual variable rate,. (2) to protect the holder against credit deterioration of the issuer- {3) changes in levies applied by a central bank or arising from changes in relevant taxation or law; or (11> the new rate is a market rate of interest and satisfies condition (a). {d) There is no contractual provision that could, by its terms. resull in the holder losing the principal amount or any interest attributable to the current period or prior periods. {e) Contractual provisions that permit the issuer io prepay a debt instrument or permit the holder to put st back to the issuer before maturity are not contingent on future events. olher than to proted the holder against the credit deterioration of the issuer or a change in control of the issuer, or io proteci the holder or issuer against changes in levies applied by a central bank or arising from changes in relevant taxation or law. (fl Contractual provisions may permlt the extension of the term of the debt instrument, provided that the reiurn 10 Ihe holder and any other contractual provisions applicable during the extended term satisfy the conditions of paragraphs (a) to (c). Debl instruments that are classilied as payable or receivable within one year on initial recognition and which meet the above conditions are measured at Ihe undiscounied amount ot the cash or Oiher consideration expected to be paid or received, net of impairment. With the excepiion of some hedging insiruments, other debt instruments not meeting these conditions are measured at fair value through profit or loss. Commitments to make and receive loans which meet Ihe conditions rnentioned above are measured at cost (which may be nil) less impairment.
Youth Enquiry Service, Brixham Limited Notes to the Flnancial Statements lor the Year Ended 31 March 2024 3 Income from donalions and legacies Unrestricled funds R8Strlcted funds Total 2024 Donations General Grants General Grants Tudor Trust 20,955 20,955 132,484 3,714 136,198 166439 170153 4 Income from charltable aclivities Unrestrlcted lund8 Restrlcied funds Total 2024 Service charges Property income 11,984 27,500 39,484 103 812 137164 S Income from other tradlng actlvltles Unresiricied funds Total 2024 Shop income Fundraising events Room hire Cafe iakings 70,892 3,962 2,448 70.892 3.962 2.448 78,446 6 Investment Income Unrestricted fund8 Total 2024 Bank interest receivable 469 469 469 469
Youth Enquiry Service, Brixham Limited Notes to the Financial Statements for the Year Ended 31 March 2024 7 Other Income Unrestricted funds Restricted funds Total 2024 Gift Aid Other income including Covid Support Funding 3,680 7.346 3,680 8.546 12.226 1.200 8 Expendllure on raising funds Costs of other tradlng aclivities Unrestrlcled funds Total funds Shop costs Cafe 37.893 312 38.205 37,893 312 Total lor 2023 9 Expendlture on charltable actlvltles Unresirlcted lunds Restricted funds Total 2024 General Staying Put Tudor Trust Brixham Youth Hub and Young Volunteers Empiy Homes and Home from Hospital Picking up the Pieces and People's Health Trust Reach, Carers, Edgeworks and MHE Jewson 294,819 294.819 13 1,568 13 1,568 745 745 15,074 32,025 47,099 1,543 1.543 276 21,792 367,855 276 21,792 55.373 312482 17
Youth Enquiry Service, Brixham Limited Notes to the Financial Statements for the Year Ended 31 March 2024 10 Analysls of governance and support costs Support costs allocated to chariiable actlvltles Total 2024 Total 2023 Accountancy fees 11 Net incomlngloutgoing resources Net outgoing resources for the year include: 2024 2023 Depreciation of fixed assets 4.618 12 Independent examinatlon fees 2024 2023 Examination of the financial statements 13 Staff costs The aggregate payroll costs were as follows.. 2024 2023 Staff costs during ihe year were: Wages and salaries Social security costs Pension costs 211,288 10,783 208,740 10,653 224 723 222 013 The monthly average head count of employees during the year was 1212022: 12). The average number of full-time equivalent employees during the year is analysed as follows: 2024 No 10 2023 No 10 Number of staff No employee received emoluments ol more than £60,000 during the year. 18
Youth Enquiry Servlce, Brixham Limiled Notes to the Financial Statements for the Year Ended 31 March 2024 14 Trustees remuneration and expenses No trustees. nor any persons connected with them, have received any remuneration from the charity during the year. No trustees have received any reimbursed expenses from the charity during the year. 15 Tangible flxed assets Land and buildings Flxture & Flttlngs Motor vehicles Total Cost At 1 April 2023 Addillons 2,145,516 42,794 9,450 2,197,760 At 31 March 2024 2145516 2 199208 Depreclatlon At 1 April 2023 Charge tor the year At 31 March 2024 27,026 7,420 508 34.446 Net book value At 31 March 2024 2 145.516 2,160,811 At 31 March 2023 2 145 516 2 163314 In respect of tangible fixed assets held at valuaiion, Freehold Property with cost totalling £2,145,516 (2023.. £1,815,516), aggregated depreciation £181,17212023: £152,565) and net book value totalling £1.964.344 (2023: £1,662,951) would have been recognised if the assets had been carried under the historical cost model. 16 Debtors 2024 2023 Trade debtors Prepaymenls Accrued income Other debtors 4,749 2,621 13,165 (1401 2,621 13,165 26,306 19
Youth Enquiry Service, Brixham Limited Notes to the Financlal Statements for the Year Ended 31 March 2024 17 Cash and cash equivalents 2024 2023 Cash on hand Cash at bank 1.323 34,230 923 18 Creditors: amounts falling due within one year 2024 2023 Bank loans Accruals 11,520 10,944 15,241 26,185 19 Credltors: amounts falllng due after one year 2024 2023 Bank loans 935 664 The loans are secured on the charity's properties. 20 Pension and other schemes Delined contrlbuiion penslon scheme The charity operaies a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £2,652 {2023 - £2,620). 20
Youth Enquiry Service, Brixham Limited Notes to the Flnanclal Statements for the Year Ended 31 March 2024 21 Funds Balance at 31 March 2024 8alance at 1 April 2023 Incomlng Resources resources expended Transfers Unrestricted funds General Fund Cafe Edge Works Shop E Homes Young Volunteers Picking up the Pieces Revaluation ReseNes Tudor Trust 207,192 6,976 45,831 89,361 271,091 1,144 1,765 70,892 (294,819) 13121 12761 (37,8931 {15,0741 17451 (23,026) 160,438 7,808 47.320 122,360 15,074 1,953 82,357 330.000 2,300 3,508 82,357 330,000 765 171 360 192 350 687 766 724 Reslrlcted lunds Power to Change People's Health Trust Jewsons l Homes England slaying Put Home trom Hospital Access Impact Brixham Youth Hub Recycling 477,998 9,669 6,801 477,998 11,840 3,714 7,052 11 ,5431 {21,792) (131 (32,025} 7,939 13 6,183 600 751 27,500 1,658 600 751 506 973 497818 Total funds 1272 144 398,458 406,060 1264 542 General Funds These are held to ensure there is suff icient funds for day-lo-day running of the chartty and to carry out the charity's objectives 21
Youth Enquiry Service, Brlxham Limited Notes to the Financial Statements for the Year Ended 31 March 2024 Designated Funds Cafe - Community Cafe @ The Edge. Edge Works - Renovation works at The Edge. Shop - Charity Shop. E Homes .- Expenses for rental properties. Carers - Carers project activities and support for Carers. Young Volunteers - Strenglhening and enriching our community as well as building friendships and developing skills. Picking up the Pieces - Supporting the charity through Covid and for reserves. Property valualion - Represents the value of the valuations made to tangible fixed assets. Tudor Trust - Support and advice servlces. The transfers between funds arose due to corrections of allocations during the year and in the previous year, also balances were taken to the general unrestricted fund where projects had finished on other funds. 22
Youth Enquiry Service, Brixham Limited Notes to the Financial Statements for the Year Ended 31 March 2024 Restricted Funds Music Mayhem - Active music projects. Power to Change - The developfflent of property on Ihe former Thresheffs site. Peoples Health Trust - Delivery of music workshops and on costs. Reach Fund - Salaries and on costs. Jewsons l Homes England Salary and on costs, design, investigations and planning for the redevelopment of the fomier Jewsons site. Staying Put - Salaries and costs to deliver the handy man service to do odd jobs for the over 50's to enable people to remain in their own homes for longer. Tudor Trust - Support and advice seniices. Youth Music - Delivery of music workshops for young people. Home from Hospital - Salaries, Project Management and on costs. Bounce Back - Wages, training, expenses to make the premises at The Edge and the Shop Covid compliant, project management, transport for Ihose with mobility issues. Cavern Mews - Development of three new tsvo bedroom properties at Cavern Mews. Access Impact - Business Development consultancy services. Brixham Youth Hub - Wages and other costs to deliver the BYH project. Recycling - Setup of a recycling projecl. MHE - Therapeutic inlerventions, such as counselling and aciivilies to promote good menial health. 22 Analysis of net asseis between funds Unrestricted funds General Total funds at 31 March 2024 Reslrlcted funds Tangible fixed assets Current assets Current liabilities Creditors over 1 year 1,810.811 59,459 (22,464) 935,664 350,000 2,400 2,160.811 61,859 122,4641 935 664 Total net assets 912.142 352.400 1,264,542 23
Youth Enquiry Service, Brixham Limited Notes to Ihe Financial Statements for the Year Ended 31 March 2024 Unrestricted funds General Total funds ai 31 March 2023 Resirlcted funds Tangible fixed assets Current assets Current liabilities Creditors over 1 year 1,656,341 77,580 {26,185) 506,973 2,163,314 77.580 126,185) 942 565 Total net assets 765171 506 973 1272 144 23 Related party transactions There were no related party transactions in the year. 24
Youth Enquiry Service, Brixham Limited Statement of Flnancial Activities by fund for the Year Ended 31 March 2024 Unrestricted Funds Total Total Unrestricted Unrestricled Funds Funds 2024 2023 Income and Endowmenis from: Donations and legacies Chariiable activities Olher Irading activities Investment income Olher income 166,439 103,812 78,446 469 91,370 148,745 74,109 220 Total income 360 192 317133 Expendlture on: Raising funds Charitable activities {38,205) 312 482 (37.738) 278 774 Total expenditure 350 687 316512 Net income Transfers between funds 9,505 621 Net movement in funds 1,553 51,429 Reconclllatlon of funds Total funds brought forward 765171 713 742 Total funds carried forward 766 724 765 171 This page does not form part of the statutory financial statements 25
41 Youth Enquiry Service, Brixham Limited Statement of Flnancial Actlvltles by fund for the Year Ended 31 March 2024 Restricted Funds Tolal Total Restricted Restrlcted Funds Funds 2024 2023 Income and Endowmenis from: Donations and legacies Charitable activities Other inGome 3.714 33.352 9,285 43,109 Total income Expenditure on: Charitable activities 106 869 Total expenditure 106869 Net expenditure Transfers bemieen funds 117.107) {55,675) Net movement in funds (9.155) 1106,483) Reconcillatlon of funds Total funds brought forward Total funds carried forward 506 973 613456 497 818 506 973 This page does not form part of the statutory financial Statements 26