Launceston Youth Partnership Limited
Charity No. 1086738
Company No. 04198875
Trustees. Report and Unaudited Accounts
31 May 2023
11111
111
•ACW35KII*
3110112024
COMPANIES HOUSE
A7
#7

Launce5ton Youth Partnership Limited
Conlents
Pages
2to5
Trustees, Annual Report
Independent Examiner's Repgrt
Statement of Financial Artivities
Summary Income and Expenditure Account
Balance Sheet
Notes to the Accounts
IOto17
Oetailed Statement of Financial Activities
18to19
Page I

Latsnteston Youth Partnership Limited
Trustèes Annual Report
The Orchard Centre
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006.
present their report with the unaudited financial ststements of the charity for the year ended 31
May 2023.
REFERENCE AND ADMINISTRATIVE DETAILS
Company No. 04198875
Charlty No. 1086738
Principal oifi¢e
The Orchard
Maiket Street
Launceston
Cornwall
PL15 8AU
RegSstered Office
The Orchard
Market Street
Launce5ton
Cornwall
PLIS 8AU
Dire¢tors and Trustees
The Directors of the ¢haritablÈ company are its Trustees for the purposes ot charity law.
The followin8 Directors and Trusttes served during the yÈar=
A. Giudetti
P. Orridge
M. Youn8
Company Secretary
E.L. Gilbert
Accountsnts
Buttons Accounting Ltd
Prospect House
11 Western Road
Launceston
Cornwall
PL15 7AS
OBJECTIVES AND ACTIVITIES
Launce5ton Youth Partnership Limited. known a5 The Orchard Centre. is a public benefit entity. The Orchard
Centre and the Charity have greatly expanded their support to the local youth and wider cornmunity. The
building continues to thrive and host many new support groups.
Page 2

Launceston Youth Partnership Limited
Trnstees Annual Report
A youth club operates weekly but will move to therr dedicated premisÈs later thrs year. Hosting of many
activities and groups that benefit and support the community take place regularly. Offices remain rented to
Charities to generate intome although the need to increase this to continue to improve the premises after
years of neglect by previous Trustees. has led to offering previously empty office space to small businesses
seeking a rent that allows them to continue or start trading, but most importantly, be part of what is now
seen as a thriving charity known a5 The Oichard Business Community,.
We have read and followed the Charity Comrnission Link- Being a Trustee and our Secretary forwards all
necessary information to the Trustee5. We encoura8e a variety of organisations to Use the premises either
free or at a greatly discounted rate if they are a not-for-profit organisation and provide a service for the
benefit of the community. Vol¢Jnteering includes the time from all trustees in the running of the ¢harity,with
the Chairman often Spending in excess of 20 hours a week to ensure the bullding and thaTity is run
effitiently. We have no paid staff. Gardening is undertaken by a volunteer on a regular ba51S a5 15
maintenance unle55 needing a qualified contractor. However. our income now allows us to look at appolnting
a self-employed facilities manager to oversee this area and lessen the load on the Chairman. Thrs SUPPOrt
from the Community and businesses in our early years has enabled us to bring the charity to the attention of
the town with many complimentary comments for the improving standard of the premises and the services
we offer to the community. They feel welcome. appreciated. and supported by us.
ACHIEVEMENTS AND PERFORMANCE
The Charity premises are used for a weekly youth club Ithis will relocate in August 20231 and Trustees often
support these sessions to enable them to have a greater understanding of the needs of the youth
community- In April. the trustees and volunteers started a new youth group for year 6 pupils after
oncerns from schools and parents at the difficulties mowing into college especially from smaller schools tsr
those outside of the town. This has been very 5UCtessful and although was only for one term, parents and
members have made good relationships with the adults and the member5 feel very confident and supported
with us. They have shared tonterns and family situations and benefit from a small group where we always
have time to listen to them. They have asked of they can contit)ue in September. whtch will be discussed by
those runnin8 to ste if they can commit to this long term. The Charity will review if it is in a position to fund a
youth leèder to relieve the responsibility of organisation and weekly running rom the trustees and
volunteers. Launceston Strèet Pastors have free use on Saturday evening to oversee the safety of residents
nd users of the town and disperse potential incidents. They work with the Police and town C￿V. Our
Chairman has beèn asked to join the CCTV committee to Cfeate links with them as they tonsist of Police.
Community or83nisations and the ccrv operators as well as a local councillor and there are concerns ftrr thè
growing youth population that are catjsing distiJrbance5.
The Mewnory Café have returned to their former regular meetings and premises. the smaller group
e5tabli5hed durin8 lockdown. Still wished to meet here and we have accommodatèd thèm again as manv
people with dementia do not cope well in a noisy. busy environment. Adult Day Care changed the model they
work to and they gave notrce, they were immediately replaced by Step into Learnrng who wished to relocate
to the town and they are now the main income stream as they continue to grow. They are very community
minded and the co-operation between u5 15 proving to be mutually beneficial. They offer free Counselling.
training tourse5 and upskilling to improve peoples chances of returning to or starting work for the first time.
The opportunity to refer people to them from other orKani5ations that operate from our centre, ha5 proved
very beneficial to those clients.
Page 3

unceston Youth Partnership Limited
Trustees AThnv31 Report
The Tnjstees have Strived to bring services and opportunitie5 Otherwise denied to the town, by proactively
approaching organisations io run their much needed mental health SLJPPOrt groups here. We are pleased to
say, groups have now sprung up across North Cornwall after us being the first one and finding lacilitators to
run them. ManDown has now grown in group number5 and Launce5ton can see the p051tÈve impact they
have and our own facilitator was one of the first members of our group which speaks for itself.
Being part of the Warm Bank initiative during the winter and working with the Town Covncil and specifically
the Library Manager, we put together an application for funding and 5UPPOrted many clients with a wam)
space, free Wi-Fi, a meal and cornpany. This was $0 successful we are part of this initative in the current year
120231 with additional funding to allow us to support the community in many different Wav5 as the Volunteer
Corllwall rèports indicated the need for different support networks in the town.
The Charity is driven by its Chairmans enthusiasm and time commitmen¢ which is supported by all Trustees,
to become involved in wider opportunitie5 Wlthin thÈ Town. She works closely with thè Town Council,
Cornwall Council and The Chamber of Commerce a5 the Third Sector Organisation, a5 thi5 is often required
for Government Grants and funding opportunities such as Levelling Up. She is part of the newly formed
Launceston Town Plon Group and is a highly resperted member of this ènd the community. This has a great
benefit to all parties as sharing of ideas and being involved in plans to regenerate the town emerge. We were
part of a successful bid to improve the pedestrian areas and planters and currently involved in 8reater plans
for the town with the next funding opportunity from the 8ovemment. Knowing the town. its community,
town council and how it can thrive, allowed us to fulfil last yearf5 plan5 to develop a Grant Policy to provide
grants to organisations or individuals who have the skills and staff that can deliver activities to the youth and
wider cornmunity, that financial hardship has prevented them from taking part previously. This was discussed
at the 2022 AGM and agreed we would seè what level of funding we could allocate to this and set a
maximum grant of £500 with the average being in the region of £ll)>250. At the 2023 AGM we will look at
the total amount used in this way and plan accordingly.
The Trustees continue to maintain the buildin8 to the highest standards which Benerate5 a large degree of
respect for the Premises from tenants. occasional users and visltors alike. We have replaced several old
radiators and plan to renew the flooring in the cafe. kitchen and entrance area during the summer. The
programme of internal redecoration will continue around the use of the building and the remainin8 area of
unpairtted e￿ernal walls wll also be completed.
FINANCIAL REVIEW
It 45 the policy of the Charity that unrestricted funds which have not been designated for a specifi¢ use
should be maintained at a level equivalent to between three- and six-month's expenditure. The Trustees
onsider thai reserves at this level will ensure that. in the event of a significant drop in fundin& they will be
able to continue the Charivs current activitie5 while consideration is given to ways in which additional funds
may be raised. This level of reserves has been maintained in previous years and the level 15 rising.
The Trustees consider they are now in a secure position to cope with a degree ofloss of income and expect
that in the following year, income will continue to rise and be regular which will 5UStain them ift the1055 of
tenants. The Charity building remain5 fully occupied and has a list of tenants and groups wishing to be here.
The Trustee5' consider that they are now in a secure financial position to cope with a degree of loss of
income and expect that in the following year. income will continue to rise and be regular which will sustain
them in the event of loss of tenants.
The Trustees. have assessed the major risks to which the Charbty is exposed and are satisfied that system5 are
in place to mitigate exposure to the major risks.
Page 4

Launceston Youth Partnershrp Limited
Trustees Annual Report
STRucfuRE. GOVERNANCE AND MAf4AGEMENT
rhe governing document of the charity is it's Memorandum and Articles of Assotiation. The charity is a
private cornp3ny limited by guarantee without share capital.
If the Charity at the meeting at which a trustee retires by rotation. does not fill the vacartcy the retiring
trustee shall, if willing to att. be deemed to have been reappointed unless at the meeting it is resolved not to
fill the vatancy or unlèss a rÈsolutbon for th2 reappointment of the trustee is put to the meeting and lost.
No person other than a trustee retiring by rotation shall be appointed or reappointed a trustee at any
general rneetinE unless..
l. He 15 recommended by the trustees.. or 2. Not less than fourteen nor more than thirty-r￿e clear days
before the date appointed for the meetin& notice executed by a member qualified to vote at the meetinE
ha5 been given to the Charity of the intentyon to propose that person for appointment or reappointment
stating the particular5 which would, if he were so appointed or reappointed, be required to be included in
the Charity's re8i5ter of trystees together with a notice executed by that person of his willingness to be
appointed or reappointed.
Subject as aforesaid. the Charity may by ordinary rtsotuti¢>n appoint a pèrson who is willin8 to art to be a
trustee either to fill a vacancy or as an additional trustee and may also detemiine the rotation in which any
additional trustees are to retire.
The trustees may appoint a person who is willing to act to be a trustee either to fill a vacancy or as an
additional trustee provided that the appointment does not Cause the number of trvstees to exceed any
number fixed by or in accordance with the articles as the maximum number of trustèes. A trustee so
appointed shall hold office only until the next following annual general meetin8 and shall not be taken into
account in determining the triJ5tees who are to retire by rotation at the meèting. If not reappointed at such
general meeting he shall vacate office at the conclusion thereof. Subject a5 aforesaid. a trustee who retires at
n annual 8eneral meeting may. if willing to act. be reappoFnted.
The Trustees are responsible for keepin8 proper accountlft8 record5 that disclose with reasonable accuracy at
any time the financial position of the tharity and io enable them to ensure that the financial statements
comply with the Companies Act 2CKJ6. The Tr￿￿eeS are also responsible for safeguarding the assets of the
charity and hence taking reasonable steps for the prevention and detection of fraud and other irfegularities.
The above report has been prepared in accordance with the provisions applicable to companies subject to
the small companies regimt as sèt out in Part 15 of thè Companies Act 2ry)6 and in accordance with the
Charities SORP IFRS 1021.
Signed on behalf of the board
P. Orridge
Trustee
31 May2023
Page 5

L*unceston Youth Partnership lirnited
Independènt Examlnèrs Report
Independent Examlner's Report to the trustees of Launce5ton Youth Partnership Llmited
I report lo the charity trustees on rny examination of the financial statements ol Launce5ton Youth
Partnership Limited for the year ended 31 May 2023.
Respon5ibilitres and basls of report
As the charity's trustees of the cornpany land also its direttors for the purposes of company lawl you are
responsible for the preparation of the financial statements in accordance with the requirements of the
Companies Act 20061'the 2fy)6 Act.
Having satisfied myself that the financial statement5 of the Charity are not required to be audited under Part
16 01 the 2(K)6 Act and are eligible for independent examination. I report in respect of my examination of
your charity's financial statements as tarried out under section 145 of the Charities Act 20111.the 2011 Act'l.
In carrying out my examination I have followed the Directions given by the Charity Commi55ion under section
145151 Ibl of the 2011 Act.
Independent examlner's statement
I have completed my examination. I can confirm that no material matter5 have come to my attention in
connèction with the examination giwng me cause to believe:
accounttng records were not kept ITr accordance with section 386 of the 2006 Act - or
the financial statements do not accord with those records: or
the financial statements do not comply with the accounting requirements under section 396 of the 2006
Act other than any requirement that the financial statements give a 'true and fair. vièw which is not a
Matter considered as part of an independent eKamination- or
the financial statements have not been prepared in accordance with the methgd5 and principles of the
Statement of Recommended Practice for accounting and reporting by charities applicable to charities
preparing their 3ccount5 in a¢¢ordènce with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FAS 1021.
I have no concerns and have come across no other rnatter5 in connection with the examination to which
attention should be drawn in this report in order to enable a proper undÈrstanding of the financl31
statements to be reached.
Emma Gilbert ACCA
Buttons Accounting Ltd
Prospert House
11 Western Road
Laun¢eston
Cornwall
PL15 7AS
31 May 2023
Page 6

Launceston Youth Partnership Limited
statement of Financlal Actiwties
for the year endèd 31 May 2023
U*restricted Endowment
nds
funds Total funds Total fvnds
2023
2023
2022
2023
Notes
Income and endowments
trom..
Donations and legacies
Other trading activities
Other
137
137
3.324
39.007
42,636
156
42,636
156
Total
42.929
42,929
42,331
Expenditure on:
Raising funds
Charitable activities
Other
758
2.365
27.414
2,365
29,921
2,507
42,279
Total
29.779
2,507
32.286
43,037
Net gains on investments
Net incomellexpenditurel
Transfers between funds
io
13,150
12,5071
10,643
17061
Net incomellexpenditurel
before othef galn5lllosses)
13.150
12,5071
10,643
17061
other 8ains and lows
Net movement in fvnds
13,150
12.5071
10.643
17061
Reconciliation of funds:
Total funds brought fonvard
11.801
151.864
163.665
164.371
Total funds ¢arrled lorward
24.951
149.357
174,308
163,665
Page 7

Launceston Youth Partnership L5mited
Summary Income and Expenditure Account
tor the year ended 31 May 2023
2023
2022
Income
42.929
42,331
Gross income for the year
Expenditure
42.929
42,331
29.661
40.383
Depreciation and charges for
impairment of fixed assets
118
147
Total expenditure for the year
Net income before tax for the year
29.779
40.530
13.150
1.801
et income for the year
13,150
1.801
Page 8

Launceston Youth Partnership Limitèd
balan¢e Sheet
at 31 May 2023
Company No. 04198875
Notes
2023
2022
Fimed assets
TangiblÈ assets
13
149.826
149,826
152.451
152,451
Current assets
Debtors
Cash at bank and in hand
14
2,143
31.679
33,822
19.3401
24.482
397
35,138
35,535
124.3211
11.214
Credltors: Amount falling due within one year
Net current assets
Is
Total assets less rurrent liabil•ties
174.308
163.665
Net assets excluding pension asset or liability
174.308
163,66S
Total net 0$5ets
174.308
163,665
Thefunds ofthe charity
Restricted funds
Endowment funds
17
149,357
149,357
151.864
151.864
Unrestricted fund5
General funds
17
24,951
11.801
24.951
11.801
Reserves
17
Total fund5
174.308
163.665
These accounts have been prepared in accordance with the spetial provisions of Part 15 of the Companies
Act 2006 relating to small companies.
For the year ended 31 May 2023 the company was entitled to exemption Ltnder section 477 of the
Companies Act 2C￿ relèting to small tompanies.
The members have not required the company to r)btain an audit in accordance with section 476 of the
Companies Act 2006.
The director5 acknowledge their responsibilities for complying with the requirements of the Companies Act
2￿6 with respect to accounting records and the preparation of accounts.
Approved by the board on 31 May 2023
And signed on its behalf by-
P. Orridge
TIu5tee
31 May 2023
Page 9

Launce5ton Youth Partnership Limited
Notes to the Accounts
for the year ended 31 May 2023
l Accounting pollcies
Basis of preparatlon
The financial statements have been prepared in accordance with Accounting and Reporting by Charities..
statement of Recommended Prartice applicable to charities preparing their accounts in accordance with
the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective I
January 20151 (Charitie5 SORP IFRS 10211, the Financial Reportlng standard applicable in the UK and
Republic of Ireland IFRS 1021 and the Companies Act 2006.
Change in basis of a¢¢ounting or to previous a¢¢ounts
There ha5 been no change to the accounting policie5 (valuation rules and method of accounting) since
last year and no changes have been made to accounts for previous years.
Fund arcoynting
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of thè
general objects of the charity.
These are unrestricted funds earmarked by the trustees for particular purposes.
These are unrestricted fund5 which include a revaluation reserve representing the
restatement of investment assets at their market values.
These are available for use subject to restrictions imposed by the donor or through
ternis of an appeal.
Oesignated funds
Revaluation funds
Restricted funds
Incomè
Recogn5tion of
Income
Income is included in the Statement of Financial Activities ISOFAI when the charity
becomes entitled to. and virtually certain to receive. the income and the amount of
the income can be measured with sufficient reliability-
Income with related Where income has related expenditure the income and related expenditure is
expenditure
reported gross in the SOFA.
Donatiorbs and
Voluntary income received by way of grants. donations and gifts is included in the
the SOFA when receivable and only when the Charity has unconditional
entitlement to the incorne.
Tax reclaims on
Income from tax reclaims is included in the SOFA at the same time as the
donations and gifts giftldonation to which it relates.
Oonated services
These are only included in income {with an equivalent arnount in expenditure)
and facilities
where the benefit to the Charity is reasonably quantifiable, measurable and
material.
egacies
Volunteer help
The value of any volunteer help received is not included in the accounts.
Investment income This is includèd in the accounts when receivable.
Gainslllossesl on
This includes any gain or loss resulting from revaluing investments to market value
revaluation of fixed at the end of the year.
assets
Gainslllossesl on
investment asse15
This includes any gain or loss on the salt of investments.
PèBe 10

Launceston Youth Partnership Limlted
Notès to the Atcounts
Expenditure
Recognition of
expenditure
Expenditure is recognised on an accruals basis. Expenditure includes any VAT which
cannot be fully recovered. and is reported as part of the expenditure to which it
relates.
ExpenditUYÈ on
These comprisè the costs as50Ci3ted with attracting voluntary income. fundraising
raising funds
tradtng costs and investment management costs.
Expenditure on
These cgmprise the costs Incurred by thÈ Chafity in the delivery of its activities and
haritable activities services in the furtherance of its objetts. including the making of grants and
governance costs.
All grant Èxpenditure is accounted for on an artual paid basis plus an accrual for
grants that have been approved by the trusteès at the end of the year but not yet
paid.
These include those costs associated with meeting the constitutional and statutory
requirements of the Charity. includrng any auditlindependent exarnination fees,
costs linked to the strategic management of the Charity, ttsgèther with a share of
other administration costs.
These are support costs not allocated to a particular attivity.
Grants payable
Governance Costs
Other.expenditure
Taxatlon
The charity is exempt from corporatfron tax on its charitable attivtties.
Tangible fixed assets ènd depreciation
Depieciation is provided at the followin8 annual rates in orderto write off each asset over its estimated
useful life..
Freehold property
2% Straight line
Fixtures and Fittings
20% Reduting balance
Stocks
Stock 15 included at the lower of cost or net realisable value. DonatÈd item5 of stock are recogni5ed at fair
value which is the amount the charity would have bten wlling to pay for the iterns on the open market.
Trade and other debtors
Trade and other debtors are recogni5ed at the settlement amount due after any trade discount offered.
Prepayments are valved at the amount prepaid net of any trade discounts due.
Cash Ind cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with bank5 and other
short-term highly liquid investments with original maturities of three months or less and bank overdrafts.
In the statement of linancial position. bank overdrafts ère shown wtthin borrowings or current liabilities.
In the StatEment of Cash Flows. cash and cash equivalents are shown net of bank overdrafts that are
repayable on demand and form an integral part of the company's cash management.
Page 11

Launceston Youth Partnershlp Limited
Notes to the Accounts
Trade and other credit¢)rs
Short term creditors are measured at the transartion prite. Other creditors and provisions are recognised
where the Charity has a present obligation resulting from a past event that will probably result in the
transfer of funds lo a third party and the amount due to settle the obligation can be measured or
estimated reliably. Creditors and provisions are normally rÈtognisÈd at thÈir settlÈmÈnt amount after
allowing for any trade discount5 due.
Receipt of donated goods. facilities and services
All donated goods, facilities and services received are recognised within incorning resources and
expenditure at an estimate of the value to the charity.
2 Company statu5
The company is a private company limited by guarantee and ronsequently does not have share capital.
3 Statement of Financial Arti¥lties- prlor year
Unrestricted
funds
Restrirted Endowment
funds
nds Total funds
2022
2022
2022
2022
Intome and endowments from:
Donations and le6acies
Other tradin8 activitie5
Total
3.324
39,CK17
3.324
39,007
42.331
42,331
Expendlture on:
Raising funds
Other
274
758
39.772
2,507
42,279
Total
40.256
274
2.507
43.037
Net income
2,075
{2741
12.5071
17061
Net Income before other
galnslllosses)
Other Zains and losses-
Net movernent In funds
2,075
12741
12.5071
17061
2,075
12741
12,5071
17061
Rètonciliation of funds:
Total funds brought forward
Total funds carried fonward
9.726
274
154.371
164.371
11.801
151,864
163,665
Page 12

Launceston Youth Partnership Limited
Notes to the Accounts
4 Income from donations and legacies
Unrestrkted
Total
Total
2023
2022
Grant from Town Countil
General donation5
135
135
280
137
137
3,324
S Income from other trading artivityes
Unrestricted
Total
Total
2023
2022
Office rent5 received
41,792
844
41,792
37,956
1,051
39,007
Parking permits
42,636
42,636
6 Othèr lttcome
Unrestrirted
Total
Total
2023
2022
Sale of Tiles
Bank Interest
120
120
36
36
156
156
7 EmpendI￿re on ralsin8 funds
Totsl
2023
Total
2022
Costs oAgeneroting voluntory
income
Grant from Town Council
716
Recovery Cafe
42
758
P#ge 13

iiunceston Youth Partnership Limited
Notes to thè Actounts
8 Expenditure on charitable activities
Unrestricted
Total
Total
2023
2022
Expenditure on choritoble
octivities
Comrnunity Support
Warm Bank
i.lso
753
1,150
753
Youth Club
462
462
Governance costs
2.365
2.365
9 Othèr expendltwe
UTh￿$trfrt*d
Endowment
Totsl
Total
2023
2022
Employee cosis
Motor and travel costs
76
76
148
2,180
2,180
2.479
Premises costs
Arnortisation, depreciation.
impairment. profitlloss on
disposal of fixed assets
Gertefal admlnistratlve costs
21,911
21,911
33,713
118
2.507
2,625
2,654
2,707
422
2,707
422
2,811
474
Legal and professional costs
27.414
2.507
29.921
42.279
10 Net Incomellexpenditure) before transfers
2023
2022
This is stated after charging..
Oepreciation of owned fixed a55ets
11 Trustee remunèration and expenses
2.62S
2,654
One or more of the trustees has been paid expenses in the current or prior periods.
2023
2022
Number
Number
Nurnber of trustees paid e¥penses
The nature of the reimbursÈd expenses
Travelling expenditure and reimbursement of other
expenditure relating to charitable activities.
Total expenses reimbursed to tr415tees
2,479
12 Staff costs
No employee received emoluments in excess of £60.CW.
Page 14

Launceston Youth Partnership Limited
Notes to the Accounts
13 TanBible fimed assets
Land and Fixtures and
buildings
Total
Flttlngs
Cost or rÈvaluètioTh
At l June 2022
At 31 May2023
Depreciation and
impalmient
At l June 2022
165.371
165,371
10,067
10.067
175.438
175.438
13.507
9,480
22,987
Depreciation charge for the
vear
At 31 May 2023
Net book ￿lUeS
2,507
118
2.625
16.014
9,598
25,612
At 31 May 2023
At 31 May 2022
14 Debtars
149,357
151,864
469
149,826
152,451
587
2023
2022
Trade debtors
2,143
2,143
397
397
15 Creditors:
amounts falling due within one year
2023
2022
Other loans
Trade creditors
Other creditors
Accruals
Oeferred income
3.SOO
17,145
869
2.477
219
2,807
24.321
9.340
16 Deferied Income
Movement of the deferred income shown in Creditor5.- gmountsfalling due within one yeor
2023
2022
At I lune
Released in current year
Deferred in current year
At 31 May
2,807
12.8071
2,397
12,3971
2.807
2,807
Page 15

unceston Youth Partnership Limited
Notes to the Accounts
17 Movement in funds
Incoming
resouries
(including
other
At l June gainsllosses
2022
Resources
At31 May
2023
expended
Restricted funds:
Endowment funds:
The Orchard Centre
151,864
12,5071
149,357
Totol
151,864
12,5071
149,357
Unrestrirted fund5:
General funds
11.801
42.929
129,7791
24,951
Total funds
163.665
42.929
132.2861
174.308
Purposes and restrictions in relation to the funds=
Endowment funds..
The Orchard Centre
Land and buildin85
18 Analysls of net assets between funds.
Unrtstrlcted
Restrictèd
Total
funds
funds
Fixed assets
Net current assets
469
149.3S7
149.826
24,482
174,308
24,482
24,951
149,357
19 Reconciliation of net debt
At l June
At 31 May
2023
2022
Cash flow5
Cash and cash equivalents
35.138
35,138
13.4591
13,4591
31,679
31,679
BorrowinBS
13.5001
13.5001
3,500
3.500
Net debt
31.638
41
31,679
Page 16

Launceston Youth Partnership limited
Notes to the Accounts
20 Related party disclosures
2023
2022
rrttnsattions with relotedporties
Norne of relotedporty
Prospect House Garden CIC
Description of relationship
Mutual trustees who have significant
between the parties
influence over both charilies.
During the Set up phase of Pro5pert House
Garden CIC a grant was applied for but
Prospect House Garden CIC did not have a
bank account ready to receive the fund5. It
Wa5 agreed that Launceston Youth
Partnership Limited would hold the funds on
Description of transoction
triJ5t until Prospect House Garden CIC was
and geneml amounts
able to receive the grant. The final
involved
transaction occured on 29th June 2022.
Amount duefrom/(toJ the relotedporty
Controlllngptsrty
18691
The company is limited by guarantee and has no share capital. thus nts sin8le party tontrols the companv.
Page 17

Launceston Youth Partnership L•mited
Detailed statement of Financial Activities
fortheyear ended 31 May 2023
Unrestricte
d funds
2023
Total funds Total funds
2023
2022
2023
Income and endowments trom:
Donations and legacies
Grant from Town Council
General donations
3,044
280
135
135
137
137
3.324
Other trading activities
Office rents received
Pirking permits
41.792
844
42,636
41.792
844
42,636
37.956
1.051
39,007
Other
Sale of Tile5
Bank Interest
120
120
36
156
36
156
Total In¢ome and endowments
42,929
42,929
42,331
Expenditure on:
Costs of generating donations and
legacies
Grant from Town Council
Recovery Cafe
716
42
758
Total of expenditwe on raising
fvnds
758
Charitablè activitiès
Community Support
Warm Bank
Yourh Club
i.lso
753
462
1.150
753
462
2.365
2.365
Total of expendlture on tharftable
artlvities
2.365
2,365
Employee costs
Staff entertainment
35
113
Staff welfare
76
76
76
76
148
Motor and travel costs
Travel and subsistence
2,180
2.180
2,180
2,180
2.479
2,479
Premises cost5
Rates
Light. heat and power
626
626
4,389
467
4,517
4.389
Page 18

Launceston Youth Partnership Lirnited
Detailed Statement of Financial Activities
Premises cleaning
Premises insurances
Premises repairs and
maintenance
2.171
1,779
2.171
1.779
1,670
1,725
12.946
12,946
25.334
21,911
21.911
33,713
General adrninistrative costs.
including depreciation and
amortisation
Depreciation of land and
buildings
Depreciation of Fixtures and
Fittings
Equipment leasin8 and hire
charge5
Software, IT support and related
costs
2,507
2.S07
2,507
118
118
147
98
34
395
395
Stationery and printing
Subscriptions
Sundry expenses
Telephone. fax and broadband
898
3LX)
898
300
loo
952
454
916
916
927
2,825
2,507
5.332
5.465
Legal and professional costs
Accountancy and bookkeeping
422
422
474
474
422
422
Total of expenditure ot other costs
Total expenditurè
27.414
2.507
29,921
42,279
29.779
2.S07
32,286
43,037
Net gains on investmènts
Net Intomellexpenditsre)
13.150
12.5071
10,643
17061
Net IntomellexpendlttsrÈ} befote
other gainsll105ses1
Other Gains
13.150
12.5071
10,643
17061
Net movement in funds
13.150
12.5071
10.643
17061
Reconciliation of funds:
Tot31 funds brought forward
11.BOI
ISl.864
163,665
164.371
Total funds carried forward
24,951
149.3S7
174.308
163.665
Page 19