Launceston Youth Partnership Limited Charity No. 1086738 Company No. 04198875 Tru5tees' Report and Unaudited Accounts 31 May 2024
Launceston Youth Partnership Limlted Contents Pages 2to5 Trustees, Annual Report Independent Examiner's Report Statement of Financial Activities summary Income and Expenditure Account Balance Sheet Notes to the Accounts IOto17 Detailed Ststement of Financial Activitie5 18to19 Page I
Launceston Youth Partnershlp Limited Trustees 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 financi31 statements of the charity for the year ended 31 May 2024. REFERENCE AND ADMINISTRATIVE DETAILS Company No. 04198875 Charity No. 1086738 Principal Office The Orchard Market Street Launceston Cornwall PL15 8AU Registered Office The Orchard Market Street Launceston Cornwall PL15 8AU Directors and Trustees The Directors of the charitable company are Its Trustees for the purposes of charity law. The following Directors and Trustees served during the year: A. Giudetti P. Orridge M. Young Company Secretary E.L. Gilbert Accountants Buttons Accounting Ltd Prospect House 11 Western Road Launceston Cornwall PL15 7AS OBJEcfivES AND AcfiviTIES Launceston Youth Partnership Limited. known as 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 community Page 2
Launceston Youth Partnership Limited Trustees Annual Report H05ting of many activities and groups that benefit and support the community take place regularly. Offices remaln rented to Charities to generate income 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 tradin& but most Importantly, be part of what is now seen as a thriving charity known as 'The Orchard Business Community,. We have read and followed the Charity Commission Link- Being a Trustee and our Secretary forwards all necessary information to the Trustees. We encourage a variety of organisations to Use the premises either free or at a greatly dlscounted rate if they are a not for proflt organisation and provide a service for the benefit of the community. Volunteering includes the time from all trustees in the running of the charity. we have no paid staff. Gardening is undertaken by a volunteer on a regular basis as is maintenance unless needing a qualified contractor. This support from the community and businesses in our early years has enabled us to bring the charityto the attention of the town with many complimentary comments for the improving standard of the premises and the servlces we offerto the community. They feel welcome, appreciated, and supported by us. ACHIEVEMENTS AND PERFORMANCE The youth club have outgrown the opportunities in the building and they have re located to the nearby Arcade where they can operate 7 days a week, unlike the premises here. We run a youth group specifically for year 6 pupils to assist their integratlon into College. Many of the youngsters come from small village schools where the total number of pupils is equal to the new class they will transition into. Our Chairman and Vlce Chairman, organise and run these sessions and other volunteers along with local organisations often support us to enable the charity to have a greater understanding of the needs of the youth community- These needs are changing as technology plays an important part in their lives and older teenagers merely Wish to have a safe warm space to meet and socialise rather than the more traditional gameslcrafts etc. Our youth club remains a social media free zone and the youngsters and their parents are happy with this escape from pressure to respond to messages. Launceston Street Pastors have free use on Saturday evening to oversee the safety of resident5 and users of the town and disperse potential incidents. They work with the Police and town C. The Memory Café support group has become a general carers support group once a week. The Charity saw a great need for support for the carers and families and the group has evolved into welcoming carers from all aspects of life. License Holders are an integral part of The Orchard Centre and we invited them all to our AGM with a meal provided and cooked by our Community Kitchen Group, it was the best attended AGM ever. This group was started by us to encourage the ManDown regulars to cook fresh, tasty meals and offered an alternative soci31 group forthem. We plan for this group to continue but include people from a wider catchement area with referrals from the Socia5 Prescriber as well as Love Thy Neighbour and the Food Larder. ManDown have now moved their registered office to us and we continue to work closely with them. To ensure alternative opportunities to the regular group meetings we fund pizza nights and BBQ evenings in local CIC garden that our Chairman is a director of. Page 3
Launceston Youth Partnership Limited Trustees Annual Report The Charity is driven by its Chairmans enthusiasm and time commitment, which Is supported by all Trustees, to become involved in wider opportunities within the Town. She works closely with the Town Council, Cornwall Council and The Chamber of Commerce as the Third Sector Organisation, as this 15 often required for Government Grants ènd funding opportunities such as Levelling Up. This has a great benefit to all parties as sharing of ideas and being involved in plans to regenerate the town emerge. Knowing the town, its community, town council and how it can thrive. allowed us to look at developing a Grant Policy called Community Support Fund to provide grants to organisations or individuals who are offering opportunities to the town or gain access to activities that financial hardship has prevented them from taking part in previously. We have also supported town initiatives that benefit the the town itself. This year we have supported groups with fund5 on average of £250. Girl Guides, Beavers, Carnival, Signing Workshop and Storytelling- inclusive to all. Development of a Website to promote the positive changes taking place in the town as part of being a member of The Town Plan Group. Contribution to a young person wishing to take Gymnastics Qualification- an ex youth club member. Support for a local school to cover costs of swimming lessons for year 5. One of the schoo15 who run a Breakfast club with over 50 youngster5 daily* requiring crockery, new toasters to cope with the numbers and beakers for drinks. The Charity continues to improve the building in ways that complement the ever changing requirements with expanding businesses and new tenants. Expenditure ha5 been on a significant upgrade to the reception area with a desk. manned by a receptionist from one of our tenants as they required additional working space, this staff member compliment5 the area, provides security and as we are not re5pon5ible for her salary, we have donated a small office to the tenant to provide free counselling services to the community 5 days a week. We continue to seek and respond to the needs of the town and working closely with them, and having the resources, allows us to respond in appropriate way5. FINANCIAL REVIEW It is the policy of the Charity that unrestricted funds which have not been deslgnated for a speclfic use should be maintained at 3 level equivalent to between three- and six-month's expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Charity's ¢urrent 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 is rising. The Trustees consider they are now in a secure position to cope with a degree of loss of income and expett that in the following year, income will continue to rise and be regular which will sustain them in the loss of tenants. The Charity building is now fully occupied and has a list of tenants and groups wishing to be here. The Trustees, have as5e55ed the major risks to which the Charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks. STRUCTURE. GOVERNANCE AND MANAGEMENT The governing document of the charity is it's Memorandum and Articles of Association. The charity is a private company limited by guarantee without share capital. If the Charity at the meeting at which a trustee retires by rotation, does not fill the vacancy the retiring trustee shall, if willing ta act, be deemed to have been reappointed unless at the meeting it 15 resolved not to fill the vacancy or unless a resolution for the reappointment of the trustee is put to the meeting and10st. No person other than a trustee retiring by rotation shall be appointed or reappointed a trustee at any general meeting unles5'. Page 4
Launceston Youth Partnershlp Limited Trustees Annual Report l. He Is recommended by the trustees; or 2. Not less than fourteen nor more than thlrty-five clear day5 before the date appointed for the meetin& notice executed by a member qualified to vote at the meeting has been given to the Charity of the intention to propose that person for appointment or reappointment stating the particulars which would, if he were 50 appointed or reappointed, be required to be included in the CharItS register of trustee5 together with a notice executed by that person of hi5 willingne55 to be appointed or reappointed. Subject as afore53id, the Charity may by ordinary resolution appoint a person who is willing to act to be a trustee either to fill a vacancy or as an additional trustee and may also determine 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 a5 an additional trustee provided that the appointment does not cause the number of trustees to exceed any number fixed by or in accordance with the articles as the maximum number of trustees. A trustee 50 appointed shall hold office only until the next following annual general meeting and shall not be taken into account in determining the trustees who are to retire by rotation at the meeting. If not reappointed at such general meeting he shall vacate office at the conclusion thereof. Subject as aforesaid, a trustee who retires at an annual general meeting mayi if willing to act, be reappointed. The Trustees are responsible for keeplng proper accounting records that disclose with reasonable accuracy at any time the financial posltlon of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable step5 for the prevention and detection of fraud and other irregularities. The above report has been prepared In accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP IFRS 1021. Signed on behalf of the board P. Orridge Trustee 31 May 2024 Page 5
Launceston Youth Partnership Limlted Independent Examlners Report Independent Examlnèr's Report to the trustees of Launceston Youth Partnership Llmited I report to the charity trustees on my examination of the financial statements of Lau nceston Youth Partnership Limited for the year ended 31 May 2024. Responsibilities and basis of report As the charity's trustees of the company land also its directors 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 2006 Act. Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements a5 carried out under section 145 of the Charitie5 Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515) Ibl of the 2011 Act. Independent examlner's statement I have completed my examination. I can confirm that no material matters have come to my attention In connection with the examination giving me cause to believe: accounting records were not kept in accordance with section 386 of the 2006 Act . or the financial statements do not accord with those records; or the financial statement5 do not comply with the accounting requirement5 under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair, view which 15 not a matter considered as part of an independent examination. or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to 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 examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Emma Gilbert ACCA Buttons Accounting Ltd Prospett House 11 Western Road Launceston Cornwall PL15 7A5 31 May 2024 Page 6
Launceston Youth Partnership Limited Statement of Financlal Activitie5 for the year ended 31 May 2024 Unrestricted funds Total funds Total funds 2024 2024 2023 Note5 Income and endowments from: Donations and legacies Charitable activities Other trading activitie5 Other 58 58 137 2,439 47,338 loo 2,439 47,338 Iixtr 42,636 156 Total 49,935 49,935 42,929 Expenditure on: Charltable activities other 5,812 25,275 5,812 25,275 2,365 29,921 Totsl 31,087 31,087 32,286 Net gains on investments Net income io 18,848 18,848 10,643 Transfers between funds Net income before other gainslllosses) 10,643 18,848 18,848 Other gains and losses Net movement in funds 18,848 18,848 10,643 Reconclllation of funds: Total funds brought forward 174,308 174,308 163,665 Total funds carried forward 193,156 193,156 174,308 Page 7
Launceston Youth Partnershlp Limited Summary Income and Expendlture Account forthe year ended 31 May 2024 2024 2023 Income 49,935 42,929 Gross income for the year Expenditure 49,935 42,929 27,770 29,661 Depreciatlon and charges for impalrment of fixed assets 3,317 118 Total expendlture for the year Net income before tax for the year 31,087 29,779 18,848 13,150 Net Income for the year 18,848 13,150 Page 8
Launceston Youth Partnership Limlted Balance Sheet at 31 May 2024 Company No. 04198875 Notes 2024 2023 Fixed assets Tanglble assets 13 168,321 168,321 149,826 149,826 Current assets Debtors Cash at bank and in hand 14 203 2,143 31,679 33,822 (9,340) 24,482 30,107 30,310 (5,4751 Creditors: Amount falling due within one year Net current assets 15 24,835 Total assets less current liabilities 193,156 174,308 Net assets excluding pension asset or liablllty 193,156 174,308 Totsl net assets 193,156 174,308 The funds of the charity Restricted funds Unrestricted funds General funds 17 17 193,156 174,308 193,156 174,308 Reserve5 17 Total funds 193,156 174,308 These accounts have been prepared In accordance wlth the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Forthe year ended 31 May 2024 the companywas entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The dlrectors acknowledge their responsibilities for complying with the requirements of the Companies Act 2(K16 with respect to accounting records and the preparation of accounts. Approved by the board on 31 May 2024 And slgned on its behalf by.. P. Orrldge Trustee 31 May 2024 Page 9
Launceston Youth Partnership Limited Notes to the Accounts for the year ended 31 May 2024 l Accounting pollcles Basis of preparation The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 {effective I January 20151 (Charities SORP IFRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) and the Companies Act 2006. Change in basis of accounting or to previous accounts There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years. Fund accounting Unrestrided funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. These are unrestricted funds earmarked by the trustees for particular purp05e5. These are unrestricted fund5 which include a revaluation reserve representing the restatement of investment assets at their market values. These are available for use subjert to restrictions imposed bythe donor or through terms of an appeal. Designated funds Revaluation funds Restricted funds Income Recognition of income Income is included in the Statement of Financial Activities (SOFA) 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. Donations and legacies Voluntary income received by way of grants, donations and gifts is included in the the SOFA when receivable and only when the Charity has unconditlonal entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SOFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable. measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income Thi5 is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gain511105sesl on investment asset5 This includes any gain or loss on the sale of investments. Page 10
Launceston Youth Partnershlp Limlted Notes to the Accounts 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. Expenditure on These comprise the costs associated with attractlng voluntary income, fundralslng raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities Services in the furtherance of its objects, including the making of grants and governance c05t5. All grant expenditure 15 accounted for on an actual paid basis plu5 an accrual for grants that have been approved by the trustees 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, including any auditlindependent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. These are support costs not allocated to a particular activity. Grants payable Governance costs Other expenditure Taxatlon The charity is exempt from corporation tax on its charitable activitie5. Tanglble flxed assets and depreciation DepreciatlDn 15 provlded at the following annual rates in order to write off each a55et over Its estimated useful life: Freehold property 2% Straight line Fixtures and Fittlngs 20% Reducing balance Freehold investment property Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise. Stocks Stock is included at the lower of cost or net reali5able value. Donated items of stock are recogni5ed at fair value which is the amount the charity would have been willing to pay for the items on the open market. Trade and other debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued atthe amount prepaid net of any trade discounts due. Cash and cash equivalents Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments With original maturitie5 Qf three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowing5 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 Partnership Limited Notes to the Account5 Trade and other creditors Short term creditors are measured at the transaction price. 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 to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally reco8nised at their settlement amount after allowing for any trade discounts due. Leased assets Where the charity enters into a lease which entails taking substantially all the ri5k5 and rewards of ownership of an asset, the lease is treated as a finance lease. Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases. Assets held under finance leases are initially recogni5ed as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor 15 included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediatelyi unless they are directly attributable to qualifying a55ets, in which case they are capitalised in accordance with the charty's policy on borrowing costs. Assets held under finance leases are depreciated in the same way as owned a5set5. Operating lease payment5 are recognised as an expense on a stralght-llne basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentlves are recognised as a Ilablllty. The aggregate benefit of incentives Is recognlsed a5 a reductlDn of rental expense on a 5traight-line basis. Penslon costs The charity Operates a defined contrlbutlon plan for its employees. A defined contribution plan fs a pension plan under which the company pays fixed contributions Into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds. Receipt of donated goods. facilities and services All donated goods, facilities and services received are recogni5ed within incoming resources and expenditure at an estimate of the value to the charity. 2 Company status The company 15 a private company limited byguarantee and consequently does not have share capital. Page 12
Launceston Youth Partnershlp Llmited Notes to the Accounts 3 Statement of Financial Activities- prlor year Unrestrlcted Endowment funds funds Total funds 2023 2023 2023 Income and endowments from: Donations and legacies Other trading activities Other 137 42,636 156 137 42,636 156 Total 42,929 42,929 Expenditure on: Charitable activities 2,365 2,365 29,921 Other 27,414 2,507 Total 29,779 2,507 32,286 Net In¢ome 13,150 {2,5071 10,643 Net income before other galnslllosses) Other gains and10sses: Net movement In funds 13,150 12,5071 10,643 13,150 12,507) 10,643 Reconciliation of funds: Total funds brought forward Total fund5 carried forward 11,801 151,864 163,665 24,951 149,357 174,308 4 Income from donations and legacles Unrestricted Total Total 2024 2023 Grant from Town Council General donations 58 58 135 58 58 137 5 Income from charltable actlvltles Unrestricted Total Totsl 2024 2023 2,439 2,439 2,439 2,439 Page 13
Launceston Youth Partnershlp Llmited Notes to the Accounts 6 Income from other trading activltles Unrestrlcted Total Total 2024 2023 Office rents received 46,323 1,015 47,338 46,323 1,015 47,338 41,792 844 Parking permits 42,636 7 Other income Unrestricted Total Total 2024 2023 Sale of Tiles 120 Bank Interest loo loo 36 loo loo 156 8 Expendlture on charitable activities Unrestrlcted Total Total 2024 2023 Expenditure on charitable activities Community Support Warm Bank Supplie5 Youth Club 3,163 25 3,163 25 1,150 753 730 730 462 Community Hub Governance costs 1,894 1,894 5,812 5,812 2,365 9 Other expenditure Unrestrirted Total Total 2024 2023 Employee costs Motor and travel costs 329 329 76 2,190 15,913 2,190 15,913 2,180 21,911 Premlses costs Amortisation, depreclation, impairment. profitlloss on d15posal of fixed assets General administrative costs 3,317 3,317 2,625 2,725 2,725 801 2,707 422 Legal and professional costs 801 25,275 25,275 29,921 Page 14
Launceston Youth Partnership Limlted Notes to the Accounts 10 Net Income before transfers 2024 2023 Thi5 15 stated after charging: Depreciation of owned fixed assets 11 Trustee remuneration and expenses 3.317 2,625 2024 2023 Number Number The nature of the reimbursed expenses Travelling expenditure and reimbursement of other expenditure relating to charitsble activities. 12 Staff costs No employee received emoluments in excess of £60,000. 13 Tangible fixed assets Land and Flxtures and buildings Fittings Total Cost or revaluation At l June 2023 Additions At 31 May 2024 Depreclatlon and Impalrment At l June 2023 Depreciation charge for the year At 31 May 2024 Net book values 165,371 15,360 180,731 10,067 6,452 16,519 175,438 21,812 197,250 16,014 9,598 25,612 2,635 682 3,317 18,649 10,280 28,929 At 31 May 2024 At 31 May 2023 14 Debtors 162,082 149,357 6,239 469 168,321 149,826 2024 2023 Trade debtor5 203 2,143 2,143 203 15 Credltors.. amounts falling due within one year 2024 2023 Trade credltors Accruals Deferred Income 2,477 219 99 5,376 5,475 9,340 Page 15
Launceston Youth Partnershlp Llmlted Notes to the Accounts 16 Deferred Income Movement of the deferred income Shown in Creditors.. amountsfalling due withln one year 2024 2023 At l June Released in current year Deferred in current year At 31 May 17 Movement in fund5 6,644 16,644) 5,376 5,376 2,807 (2,8071 6,644 6.644 Incoming resources (including other gainsllosses Resources At 31 May 2024 expended At l June 2023 Restricted funds: Unrestricted fund5: General funds 174,308 49,935 131,0871 193,156 Total funds 18 Analysis of net assets between funds 174,308 49,935 131,0871 193,156 Unrestrlcted funds Restricted funds Total Fixed assets Net current assets 6,239 24,835 31,074 162,082 168,321 24,835 193,156 162,082 19 Reconciliation of net debt At ljune At 31 May 2024 2023 Cash flows Cash and cash equivalents 31.679 31,679 11,5721 11,5721 30,107 30,107 Net debt 31,679 11.5721 30,107 Page 16
Launceston Youth Partnership Limited Notes to the Accounts 20 Related party disclosures Name of related party Description of relationship between the parties Prospect House Garden CIC Mutual trustees who have significant Influence over both charities. During the set up phase of Prospect House Garden CIC a grant was applied for but Prospect House Garden CIC did not have a bank account ready to receive the funds. It was agreed that Launceston Youth Partnership Limited would hold the funds on trust until Prospect House Garden CIC was able to receive the grant. The final transaction occured on 29th June 2022. Description of transaction and general amounts involved Controlling party The company is limited by guarantee and has no share capital; thus no single party controls the company. Page 17
Launceston Youth Partnership Limited Detalled Statement of Financial Activities for the year ended 31 May 2024 Unrestricted funds 2024 Total funds Total funds 2024 2023 Income and endowments from: Donations and legacies Grant from Town Council General donations 58 58 135 58 58 137 Charitable activities 2,439 2.439 2,439 2.439 Other trading activities Office rents received Parking permits 46,323 1,015 47,338 46,323 1.015 47,338 41,792 42,636 Other Sale of Tile5 Bank Interest 120 36 loo loo loo loo 156 Total Income and endowments 49,935 49,935 42,929 Expenditure on: Charitable activities 3,163 25 730 3,163 25 730 1,150 753 462 1,894 5,812 1,894 5,812 2.365 Total of expendlture on charitable activities 5,812 5,812 2.365 Employee costs Staff training Staff welfare 25 25 304 304 76 329 329 76 Motor and travel costs Travel and subsistence 2,190 2,190 2,190 2,190 2,180 2,180 Premises costs Rates Light, heat and power Premises cleaning Premises insurances 626 626 626 2,947 3,609 1,931 2,947 3,609 1,931 4,389 2,171 1,779 Page 18
Launceston Youth Partnership Limlted Detailed Statement of Financial Activities Premises repairs and maintenance 6,800 6,800 12,946 15,913 15,913 21,911 General administrative costs, including depreclatlon and amortisation Depreciation of land and buildings Depreciation of Fixtures and Fittings Equipment leasing and hire charges Software, tT sUPPOrt and related costs Stationery and printing Subscriptions Sundry expenses Telephone, fax and broadband 2,635 2,635 2,507 682 682 118 13 13 98 395 1,044 214 898 300 214 514 514 940 loo 940 916 6,042 6,042 5,332 Legal and professional costs Accountancy and bookkeeping 801 801 422 801 801 422 Total of expenditure of other costs Total expenditure Net gains on investment5 25,275 25,275 29,921 31,087 31,087 32,286 Net Income 18,848 18,848 10,643 Net Income before other gains/(losses) Other Gains 18,848 18,848 10,643 Net movement In funds 18,848 18,848 10,643 Reconciliation of funds: Total funds brought forward 174,308 174,308 163,665 Total funds carrled forward 193,156 193,156 174,308 Page 19