_**WORKING TOWARDS THE NEEDS OF YOUNG PEOPLE IN BOVEY TRACEY**_
## **BOVEY TRACEY YOUTH ACTION** _**YOUTH CAFE PROJECT**_
_**A REGISTERED CHARITY (No. 1078292)**_
## **Treasurer’s Report for the Year ended 31 December 2020**
## _**Overview**_
The year started with £18,079 cash in hand, last year was £25,658, and an average monthly operational expenditure of £1,714, a significant decrease from last year at £4,388, a consequence of the COVID-19 lockdown. The impact of Coronavirus meant for a significant part of the year the café remained closed and the staff were placed on furlough. We ended the year with £25,159, an increase of £7,080. In 2019 our funds decreased by £7,579. Our savings account opened the year with £10,134 and ended with £10,142, a continued reflection of the poor interest rates on business savings accounts.
## _**Income**_
Major sources of funds for the year were:
|urces of funds for the year were:|||
|---|---|---|
||2020|2019|
|Bovey Tracey Town Council|£7,500|£3,125|
|Donations from Organisation/Grants|£6,178|£11,968|
|Personal Donations|£6,780|£17,356|
|Fundraising|£0|£238|
|Café Account|£528|£2,322|
|HMRC (furlough)|£6,655|£0|
This year has seen a significant change from previous years in the profile of the income for the year. Although down we continue to see helpful contributions through organisations/grants and personal donations, many thanks to all those who contributed to our cause. The total income for the year was £27,642, which includes HMRC furlough payments, a little lower from last year, £35,064. Café account contribution was significantly down, but clearly down due to the closure of the café. We have had a yet another year without fraudulent bank transactions which did distort our previous years income and expenditure figures!
## _**Expenditure**_
The total expenditure for the year was £20,569, last year it was £52,660. This sizeable decrease being down to the building work performed on the café in 2019 and of course the café closure. Our salary cost was £14,533 slightly lower than 2019, £16,487. In 2019 utility bills were £3,240 whilst this year they were £1,220. Similarly, we saw reductions in café and associated activities.
## _**2021**_
In 2021, to date, we have continued with the café closed and staff in furlough. With the support of the HMRC furlough payments we have maintained the availability of our team for when we resume the café/activities as well as made a small increase, month by month, on our cash in hand.
M Knuckey 12 September 2021
## **BOVEY TRACEY YOUTH ACTION**
## **BOVEY TRACEY YOUTH ACTION**
**UNAUDITED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020**
|**CONTENTS**||
|---|---|
||**Page**|
|Treasurer's Report||
|Independent Examiner's Report||
|Statement of Financial Activities|1|
|Balance Sheet|2|
|Notes|3 & 4|
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BOVEY TRACEY YOUTH ACTION**
I report on the accounts of the Trust for the year ended 31 December 2020 which are set out on pages 1 to 4.
## **Respective responsibilities of trustees and examiner**
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required (under section 93(2) of the Charities Act 1993) and that an independent examination is needed.
## It is my responsibility to:
Examine the accounts (under section 43(3)(a) of the 1993 Act)
Follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 43(7)(b) of the 1993 Act); and
to state whether particular matters have come to my attention.
## **Basis of independent examiner's report**
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters.
The procedures undertaken do not provide all the evidence that would be required by an audit, and consequently I do no express an audit opinion on the view given by these accounts.
## **Independent examimer's statement**
In connection with my examination,no matter has come to my attention;
- 1) which gives me reasonable cause to believe that in any material respect the requirements
to keep accounting records with section 41 of the 1993 Act; and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 1993 Act have not been met; or
- 2) to which in my opinion attention should be drawn in order to enable proper understanding of of the accounts to be reached.
**A PRICE & CO Certified Accountants and Reporting Accountants 11 Staddons View Bovey Tracey Devon TQ13 9HW**
**Date 26 July 2021**
## **BOVEY TRACEY YOUTH ACTION**
## **UNAUDITED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020**
|**Note**
**Incoming Resources**
Grants & Donations
Income from Activities
for generating Funds
Investment Income
Furlough payments received
Other Incoming Resources
**Total Incoming Resources**
**Resources Expended**
Wages and Salaries
**2**
Water Rates
Light and Heat
Telephone and Internet
Printing, Postage & Stationery
Computer Software
Training / Supervision
Activities
Insurance
Professional Fees
Building Maintenance
Miscellaneous
Depreciation
**Total Resources Expended**
**Net Incoming Resources**
**Total Funds brought forward**
**Total Funds carried forward**|**Un**
**Restricted**
**Total**
**Total**
**restricted**
**Income**
**This**
**Last**
**Funds**
**Funds**
**Year**
**Year**
**£**
**£**
**£**
**£**
20,458
**20,458**
32,504
**0**
238
**0**
0
6,656
**6,656**
0
8
**8**
17
0
27,122
**27,122**
32,759
14,556
**14,556**
16,488
8
**8**
570
1,212
**1,212**
2,671
430
**430**
223
-
**-**
-
354
**354**
-
**-**
152
860
**860**
671
1,273
**1,273**
1,887
802
**802**
472
407
**407**
16,963
155
**155**
248
497
**497**
584
0
20,554
**20,554**
40,929
6,568
**6,568**
(8,170)
188,260
**188,260**
196,430
0
194,828
**194,828**
188,260|
|---|---|
**The notes set out on pages 3 and 4 form an integral part of these accounts.**
1
## **BOVEY TRACEY YOUTH ACTION**
## **UNAUDITED BALANCE SHEET AS AT 31 DECEMBER 2020**
|**Note**
**Fixed Assets**
Tangible Assets
**3**
**Current Assets**
Prepayments
**4**
Cash at Bank
**Total Current Assets**
**Creditors: amounts falling**
**due within one year**
**5**
**Net Current Assets**
**Net Assets**
**Represented by:**
**Income Funds**
Restricted Funds
Unrestricted Funds
**Total Funds**|**Un**
**Restricted**
**Total**
**restricted**
**Income**
**This**
**Funds**
**Funds**
**Year**
**£**
**£**
**£**
169,687
**169,687**
0
169,687
**169,687**
321
**321**
25,160
**25,160**
0
25,481
**25,481**
0
340
**340**
0
25,141
**25,141**
0
194,828
**194,828**
194,828
**194,828**
0
**0**
0
194,828
**194,828**|**Total**
**Last**
**Year**
**£**
170,184|
|---|---|---|
|||170,184|
|||336
18,080|
|||18,416|
|||340|
||||
|||18,076|
||||
|||188,260|
|||188,260|
|||188,260|
**These accounts were approved by the Trustees on and signed on their behalf by:**
**2021**
## **TRUSTEE**
**The notes set out on pages 3 and 4 form an integral part of these accounts.**
2
## **BOVEY TRACEY YOUTH ACTION**
## **NOTES TO THE UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **1) ACCOUNTING POLICIES**
## **a) Basis of accounting**
These accounts have been prepared under the historical cost convention and in accordance with applicable Accounting Standards except as disclosed in these accounts.
The format of the accounts has been revised to comply with Part VI of the Charities Act 1993 (as amended) and regulations made under Part VI and the Statement of Recommended Practice (SORP), Accounting by Charities.
## **2) STAFF COSTS**
No Trustee received any remuneration in the period under review. Any expenses incurred by the Trustees were reimbursed at cost.
## **3) TANGIBLE FIXED ASSETS**
|**3) TANGIBLE FIXED ASSETS**|||
|---|---|---|
|**COST**
At I January 2020
During accounts period
**At 31 December 2020**
**DEPRECIATION**
At I January 2020
During accounts period
**At 31 December 2020**
**NET BOOK VALUE**
At 1 January 2020
**At 31 December 2020**|**Freehold**
**Property**
**£**
166,863
-
**166,863**
-
-
**-**
166,863
**166,863**|**Fixtures &**
**Fittings**
**£**
27,812|
|||**27,812**|
|||24,491
497|
|||**24,988**|
|||3,321|
|||**2,824**|
3
## **BOVEY TRACEY YOUTH ACTION**
## **NOTES TO THE UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
|**4) DEBTORS**
Prepayments
**5) CREDITORS**
Other creditors
Accruals|**2020**
**£**
**321**
**2020**
**£**
**-**
**340**
**340**|**2019**
**£**
336|
|---|---|---|
|||**2019**
**£**
-
340|
|||**340**|
4
## **BOVEY TRACEY YOUTH ACTION**
## **BOVEY TRACEY YOUTH ACTION**
**UNAUDITED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020**
|**CONTENTS**||
|---|---|
||**Page**|
|Treasurer's Report||
|Independent Examiner's Report||
|Statement of Financial Activities|1|
|Balance Sheet|2|
|Notes|3 & 4|
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BOVEY TRACEY YOUTH ACTION**
I report on the accounts of the Trust for the year ended 31 December 2020 which are set out on pages 1 to 4.
## **Respective responsibilities of trustees and examiner**
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required (under section 93(2) of the Charities Act 1993) and that an independent examination is needed.
## It is my responsibility to:
Examine the accounts (under section 43(3)(a) of the 1993 Act)
Follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 43(7)(b) of the 1993 Act); and
to state whether particular matters have come to my attention.
## **Basis of independent examiner's report**
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters.
The procedures undertaken do not provide all the evidence that would be required by an audit, and consequently I do no express an audit opinion on the view given by these accounts.
## **Independent examimer's statement**
In connection with my examination,no matter has come to my attention;
- 1) which gives me reasonable cause to believe that in any material respect the requirements
to keep accounting records with section 41 of the 1993 Act; and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 1993 Act have not been met; or
- 2) to which in my opinion attention should be drawn in order to enable proper understanding of of the accounts to be reached.
**A PRICE & CO Certified Accountants and Reporting Accountants 11 Staddons View Bovey Tracey Devon TQ13 9HW**
**Date 26 July 2021**
## **BOVEY TRACEY YOUTH ACTION**
## **UNAUDITED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020**
|**Note**
**Incoming Resources**
Grants & Donations
Income from Activities
for generating Funds
Investment Income
Furlough payments received
Other Incoming Resources
**Total Incoming Resources**
**Resources Expended**
Wages and Salaries
**2**
Water Rates
Light and Heat
Telephone and Internet
Printing, Postage & Stationery
Computer Software
Training / Supervision
Activities
Insurance
Professional Fees
Building Maintenance
Miscellaneous
Depreciation
**Total Resources Expended**
**Net Incoming Resources**
**Total Funds brought forward**
**Total Funds carried forward**|**Un**
**Restricted**
**Total**
**Total**
**restricted**
**Income**
**This**
**Last**
**Funds**
**Funds**
**Year**
**Year**
**£**
**£**
**£**
**£**
20,458
**20,458**
32,504
**0**
238
**0**
0
6,656
**6,656**
0
8
**8**
17
0
27,122
**27,122**
32,759
14,556
**14,556**
16,488
8
**8**
570
1,212
**1,212**
2,671
430
**430**
223
-
**-**
-
354
**354**
-
**-**
152
860
**860**
671
1,273
**1,273**
1,887
802
**802**
472
407
**407**
16,963
155
**155**
248
497
**497**
584
0
20,554
**20,554**
40,929
6,568
**6,568**
(8,170)
188,260
**188,260**
196,430
0
194,828
**194,828**
188,260|
|---|---|
**The notes set out on pages 3 and 4 form an integral part of these accounts.**
1
## **BOVEY TRACEY YOUTH ACTION**
## **UNAUDITED BALANCE SHEET AS AT 31 DECEMBER 2020**
|**Note**
**Fixed Assets**
Tangible Assets
**3**
**Current Assets**
Prepayments
**4**
Cash at Bank
**Total Current Assets**
**Creditors: amounts falling**
**due within one year**
**5**
**Net Current Assets**
**Net Assets**
**Represented by:**
**Income Funds**
Restricted Funds
Unrestricted Funds
**Total Funds**|**Un**
**Restricted**
**Total**
**restricted**
**Income**
**This**
**Funds**
**Funds**
**Year**
**£**
**£**
**£**
169,687
**169,687**
0
169,687
**169,687**
321
**321**
25,160
**25,160**
0
25,481
**25,481**
0
340
**340**
0
25,141
**25,141**
0
194,828
**194,828**
194,828
**194,828**
0
**0**
0
194,828
**194,828**|**Total**
**Last**
**Year**
**£**
170,184|
|---|---|---|
|||170,184|
|||336
18,080|
|||18,416|
|||340|
||||
|||18,076|
||||
|||188,260|
|||188,260|
|||188,260|
**These accounts were approved by the Trustees on and signed on their behalf by:**
**2021**
## **TRUSTEE**
**The notes set out on pages 3 and 4 form an integral part of these accounts.**
2
## **BOVEY TRACEY YOUTH ACTION**
## **NOTES TO THE UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **1) ACCOUNTING POLICIES**
## **a) Basis of accounting**
These accounts have been prepared under the historical cost convention and in accordance with applicable Accounting Standards except as disclosed in these accounts.
The format of the accounts has been revised to comply with Part VI of the Charities Act 1993 (as amended) and regulations made under Part VI and the Statement of Recommended Practice (SORP), Accounting by Charities.
## **2) STAFF COSTS**
No Trustee received any remuneration in the period under review. Any expenses incurred by the Trustees were reimbursed at cost.
## **3) TANGIBLE FIXED ASSETS**
|**3) TANGIBLE FIXED ASSETS**|||
|---|---|---|
|**COST**
At I January 2020
During accounts period
**At 31 December 2020**
**DEPRECIATION**
At I January 2020
During accounts period
**At 31 December 2020**
**NET BOOK VALUE**
At 1 January 2020
**At 31 December 2020**|**Freehold**
**Property**
**£**
166,863
-
**166,863**
-
-
**-**
166,863
**166,863**|**Fixtures &**
**Fittings**
**£**
27,812|
|||**27,812**|
|||24,491
497|
|||**24,988**|
|||3,321|
|||**2,824**|
3
## **BOVEY TRACEY YOUTH ACTION**
## **NOTES TO THE UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
|**4) DEBTORS**
Prepayments
**5) CREDITORS**
Other creditors
Accruals|**2020**
**£**
**321**
**2020**
**£**
**-**
**340**
**340**|**2019**
**£**
336|
|---|---|---|
|||**2019**
**£**
-
340|
|||**340**|
4