REGISTEREO COMPANY NUMBER.. 05412339 (England and W81•8} REGISTERED CHARITY NUMBER: 111457T dFln nclal Ststsm8r¥ts for th• Year E[ed 30th A ri12 23 nl Llmlted Acom an ran W8BwI18 Chartered Ac£wntsnts 7c Cranmere Ro& Exgtw Road Industrftj Estate Okehamplon EX20 1 UE
olsworth tsntants of Ista lor tho Y*ar Ended 30th A rll 2023 R•port ofthe Trustses 1 to 5 Ind•wnd•nt Examinefe R•port 8tst8m•nt of Nnanclal Advlti•s Balance Sheet Notes to thg Financi StatenAnts 9 to 15
Rtr rt tsfthe Tru¥t•e• th• Yoar En hA rf12023 Tho trustees who arg also directo of Ihe charity for th• piJrpose$ of the Cory8nies Ad 2¢6. present Iheir ropDrt vthh th8 financi 5tst8nts of the charty for the year ended 30th April 2023. The trust88s have adopted th8 provISn3 of Acctyjnts'ng and R8P0rg by charit1.. Stèmwt of Rocommwdqd Praciico 8Pplble lo ¢harftle5 preparirYJ Ihar aco)unts in cor¢fan with Ihg Financla Reportiig Stsnéard 8p1¢3Ae in thè UK and Republ d Irthd IFRS 1021 19ffecUve 1 January 20191. OBJECTIVES AND AcnvJTIES Objectives and alms TO provide thrdable propety tts who ara In neGe5511aus clroJrn8nCOs wlthln the Hc15WOrthy tlarket Mwket and Co851 Town Inib8tive and $urroundlng a$. The main obie(alvoe dth8 Trust are.. 1. Tre prO$Ton cost local houslng, whatr that be th9h $ubdiz8d nts u property purchow. 8ctiwty provld85 Ihe fOlltyn9'. meeti fvl housing ne8ts: - Locally ¢ontroll8d., - Locallyfarwj.. - Local 0pMents.. Q>Munlty basad.. - LoGql homthners a stak8 In thelrO)mmunli, - Promolng SOC• Inclusi., lnv8sts.ng in bng-temi comrnunliy (Jevelopments - Safe9uardiThJ the futu afford8billtyof Ial horn,. - A su51ain2tA8 loe21 cnmmunty.. 2. To provide 8 Community Centre Ihr0Lh Holsworthy Youth Centre that SuprtS Ihe lo ¢xJmrnunity throuth servit&% and prc48cts held th the cntr8. This ineludés providing a kjcation fcf 8ft8r-5choDI actlv1118S. SignifEGHnt adv1¢8 Thè Trust (x)ntinues to putsuo pro]eds in the kxal area fa•ltatirvJ bcal hous)9 beirvJ rnade available to tho89 from the ca cornrnunity. The Trust8fjs cononue to whlle k)oklng to refinsnc8 tho TrLLgVs five r4ntsl propertie5 in Ho&worthy and Clawton. The Tru8t has wntinu&J provlde the Communlty Cgntrg * Holmrthy Youlh Centr8 for Ihe u58 of the kjcal communty. ThLs has prowded both a youth centre for after 9¢hool acANid&8 bul a15D a venw for prdects Such as Mu51C Servlcss. Communlty Caf8, AdultW4lboino services and Ihe Petroc ESF Project al Ihe cenlre. Public bonerrt In F48nniog our actMU8s lorthe yoarwe k8pI in mind tho Charity CommKs$ion wdance on wblic btnefft. Vglunt•ers As most chariJ85 lsworthY Communty Propaty TrLLS1 is rd*nt on the support of volLtn188r5. The tharfjty wuld I be able to d8lvar 6ts 3Ims and oLlethvès Wit)ut thdrsupport. Page 1
Pro Trust L d30thA r1120 ACHIEveMENT AND PERFORMANCE Chadtable actlvltkns Hol$worthy Yotjth Centr• lcommunlty C•ntr•l Sasss Prov0 Ihe fou0ng nights are.. -Tuesday - ye8r6. 7 and 8.. - Wednesday - sthool year g upwards., - Thursday - w)ung ref5 support 9roup,' One of ¢hallenge3 wa$ that lh8 oldgr 188no9& grP were now at college and wwld not b8 back in tthe for sesgions. Covid to Nvo year groups havlng missed out on introduced to Ihe club vthith wouw have asslgted them reeling rnore comfortable then the $es3kJn5 9tsrt8d. Volunteets w8r8 Impacted by C4)vid &s wme deGid8d they not relum. Post Covld one of the thlenge5 youno peopl8 presented w&F a helghtened 18vel of anxlety an¢ strugglg lo control emolions. W8 also surprised by the high number Of leBnagars bvho were realty struggling vnth gender bullylng. Our approach of non-judgem8ntal IndUsl[Y with a calm. friendly nature resulllng in many 5¢epllcal young people lully engaging th the $5ton5 provlded and bdnging thwr friends. many of which also were Impa&d by thalleryes. Th¢ numb&r attwdin9 weekty 88S5ion$ are regulady In exce$$ of young wple. Musc has always played an Smport8nt part at the club, bul the nurnber of young people Wanng to start or grow th&1 ing of muslc h85 drama'CallY expanded. W8 h81d our annuHI wmrnunity open day and many ol the young people I0e band5 ané porformed during the 8v8nt. Thb Springboard Into Ihe local town Council requesting performanc85 at various town events. Lo(xl OrganIsat>S also requasted performances al their ev8n15 and we patti(ipeled In a North Devon musitsl extravaganza ovgnt. The ronfidanco and muBscal siandard of the young paoplo incrodible and has (x)ntinu8d to Inspire many Othe lo'Th8ve a go" at muslc. As an w¢lusiv8 club, we Wnlinue to havo many young peDpio th varled 8bille8 and ¢h811erw attend and mix togelhw. We feel Itru5 is an import8nl step in helping young pecple understd that kgter in life they wll mix with è wide range ol pe¢e and the SmpDrtan¢e ofa p)silbie 8nd encourayng atUhO8 while doing so. Whilst being a smal, rur town. ar8 not Immune to national thahenges and onling grootTung ha5 Stl&l trj featu th 50m¥ of ihe teenagers. Our non-jud9emenial wroach ha5 resulted in youro people fa8[ confidenl to tslk Io us aLx)Ut tlms Issu8 whlth we tak8 very $8riou$ty. It has been a priwle9e to wrrk alorvJsid8 ouryoun9 people who we a cffjdlt to the t. Local Housing: 1. Th8 Twstees W[ the assistsnce ol ihelr Ar£ountsnts h88 bw abla to manage Ihgir houslng., 2. DISc55K)n have been ongoing wlth tr8 Hanning Oeparfftnl al Tosrldg8 Dlslrict CounL¥l and a Devdop# to progrtss a purthase or affordatrAe dWdlIn ifi Sh8bbear. a netqhborfw villagè to HobWlhy, wh8re we have pr£viousty h$ wy affordable 819. l. Not b•ng able its produGe any SGheme for the site at Whimbie Hill. Thls ha8 in our lund8rs wriJThJ off the loan for obtnwtg plwning and lh8 variDUS SUPPO r8POrts', 2. Nol belTrJ aNe to secA¥e a Truee or Contrar kwth flnanca81 èxpertise to holp us bthr man49 our L1n9 stock. Our - Conbnue lo devebp the Community Gent.. - Loor@ forward we are boplrvJ to Ly)mpbt8 on a purthose affordable (fvffjlliros at Shebbew.. - Refin8nong of the Twsf8 fve rental propee$ in Hdsh%frthy and Cla%*lOn.' - Raltment ol addItn81 Tru$lw. partirxJlaAy with 8 finanal or mark•iing bias. Th8 Local Authority nth¥ appw10 bo supportiv8 in findirrfJ a way io take Ihls aeheme fotNvard. Page 2
mun o TFuste08 for the Y¢ar Ended 30th A 1202 NatJnalty, the eMtensin)n of Cornmunty Furf. a meaningful Captsl tund is a prw)rity for all Community Land Tnjsls to ensure those Cornmunity Land Tru515, Rlon81 Hub5 ané the Natvnal Communlty Land Trust NerxKk of whlth Holsworthy CLT is a member. can b8L18 Suslainable organisalions providing and rnainlaining houwg tha¢ 1$ fforfable for lor£l p)e for years to o)me. FINANCIAL REwew Flnanclal poshlon Tho TnJ$t generated 8n Un51e surpbs of £307 12022 £132631 from the rentsl and fflanWJwnt of bGal houslng 8nd 8 r85tricted d8ficit of £25.479 12022 nil) foifowirrtj Ih8 d8liv0ry of 8 number ol proJts by the Holsworthy Youth Centre Ihatwere funded In ihls and the prewous ye8r. DLtriro this year the )Ik in pr¢gress (ted funding lor the Whlmble Hill proled was wftten off b0ye th0 Trust has tsthn th8 orfru deGisi¢)n that it is not viablè for th8 Trnsl lo pwsuè thls proiec. ReseN85 of £6$,4 relating exduswely to thè HolM)rthy Youlh Centre have b88n transfgrr8d to r051ri¢W res8$ as the funds Lates01Y to prci8(ts administered by the HD15WOrthy Youth Centre At 30th April 2023 the Twgfs unreBtrfd8d r8S8Ne9 ¥%wo £311,381 12022 £378,474) Whi th8 r8slricb4 res88 were £217.71512022 £177.7941. Prln¢lpal fvnding aour¢¢s The prinapal lundlng sources of th8 Trust atse from rent 8nd man8geml Igas In reSpt of tho unrestricted rèseNes nd from I81 g)V8mm8nt funds tsthe HrBrthY YDLth Centre. Reserves PDIi¢y The Boar¢ of TNst885 11 finanda res8Ne5 In line whh the guld8nce 158ued by th8 Ch8rlty Commi5sbn io Safuard the Chaitrf$ yo1ts in the ev1 of dglay8 In rewpt of revenue gwts ond other fUg Qr int>)me geralk)n. Sineo. in pr&d8vebprngnt SW8, thè (Jarity 15 erthty dePeent for inr))me upon grant monle5, domr fundlry loans, the Tru51ees Intend that a reserve Shou bè buitt up to the eqwvg•nt of bètween thr88 3nd months operating C08ts. The Tru$loes ar8 wmmitted lo wrnpili a now five year bu$ines5 plan. whlth wll Inelude o rovlvw ol th• of reseNes, ¢0 eDsure they are at the 8pproprbat8 levd lo rneet tha needs of th8 sInesS and both tha ChariUo5 Capitsl Ènd Revenu8 obli9atKJn8. Golng con¢om There are rKJ mater1 uncArtaintie5 aboutth? ality to fX)nUnu8. STRU¢TURE, GOVERNANCE AND MANAGEMEP Goveming document The charity is controlled by its goveming dotyJment, 8 d88d d trusL and con5Ulutes a Ilmlted eomp8ny, limited by guarante•. as defined by the Compani85 Act 2006. Structur•, govemance and management The directors of the company ar8 8150 ChaFity Truste85 for the purry)s88 of cThty 18w. Undw requirgm8nts of tho Memfandum and Arbcle5 of Association th¥ Trustees sh811 number rK)I more th 10. less thèn 3-. the number of Ioc81 authority persons 9hall nol èxeeed onè third of th8 totd number of Trustee5. One third of rnembgrs of the Board of Trustees shsl retire al each AGM and shall be alyible for rtrdecdgTh. Rqcrultm•nt and appolntment of now trustse¥ Under th9 requlremonts ol the Mernorandurn and Artide5 of As5oaalion. the Trustèes sh811 number not morg 10 or le69 Ihan 3. Th8 numberof loc41 gutherity persons sh811 Th)t éX¢88d ore thlrd of the totej numberof Trustees. New Tru81e85 TeL*Ut&J from Iha kJrAI area. drawkng different strerWh$ to eae Ihe Trust to havo sUffient k[etJoe and experienee to delfver ts objectwos. Organlsational 8truciur• The Ch•ily Board of Trust885 meels monlhly 8TrJ Is resp¢ for th8 5trdteglc dr110n and pollcyof the th&fjty. Page 3
Isworth C 41 e Trust8 d 30th forthoy STRUCTURE, GOVERNANCE AND MANAGEMENT Inductlon and tralnlno ol now tru8t889 New Trustees spend tlm8 wlth the exlslng Board to recae an oveNIw4 of the (ry3nisalK)n and key dOCunts such as the MÈmor8ndurn and Artic8 ofAs8walK)n, aCCA)unts. currenl yea¢5 budw Iutsjre kgans and ¢Jbje(tive8. They wlll 80 re¢Bive niformalion frorn tho Charity Commi55i(x) on the responsibllties of Trtse8. The Charity Is a m8mb¥ of th8 ComTnunity Land Trust Network and In Ihi5 rqgaré. Tru5t¢es roc8Ne trainirrfj and deveiwmenl inforMa)n to asslst In these r•sp)n11the$. R¢l•t•d parb88 Tha Chty ot 6ts InceptDn r8eèNed its In81 reUrc<S from Soc¥)ThY Home Council Tax Ihat 15 iaintly *Jrnni51ered by Devon County Coundl Torritoe Dlslrfct Councl. The purchase of Ihe first sch8m8 'Whitl(Kk Court. w8s undortaken th fvnding from Charity Bank and Ventur&s(me bvho hwj respe¢tfvely first and sec chwges on the propety. Th858 rnonl8s havg been repaid ln full lo Ihgsè lders. The Trust has implementEd a Do 11 Yoursdf Equlty (Avnership IDIYEOI schernè 1¢h ha$ been fund8d by the provisioft of grant aid from Torrldg8 District CouncAI for 5pendiw on 8ffordgble housng in Holsworthy. Venturésome and Charity 8ank fund8d 5ubswuent devoloprnenl 5themès at Sh80PWHsh and Bridgerule fft8pe¢tlvely wth the nlal horne5 of a non4ecourse ban Irom Venturesomg snd ReBOnan Lld. Tre Charity 15 a1$0 currcnJy in roceipl of non-recnur5e loan IrDm CLT Fund lo flnance ils prfrdevelopmenl expendllure at the proposed S81f-bulld s¢hemè at Whimble Hill. A en from Resonancè Ltd has been obtained for the ?ron of five homes Currently renied at affrjrtsble rwts 10 peop, four of thè h)m85 are on the Rydon fields development in Fk)18WOrthy and one is in Clawton. R15k managam8nt Ri5k5 lo whith the Charity is exposed are ljreSSed thrOh gUlar rneetlngs of the eoard and oJn5tant monilorhg by it of Ihe likely Nsks fac by thè Charity as its 8cli¥llw develop. These wpr¢ spedffcdty addre0d In th¢ buslnes8 plon 2010111 Ihai sets out the Trusls cortitnitmwl to provide 50 hcffies fu peopl8. As new 5chome$ ar8 pfoFQ5ed, the Truste8s consider the rlsks land rewards) of Ihe dpvthpments pmr to en¢Thj into Contral81 cornrnilThents. REFERENCE AND ADMINISTRATIVE DETAILS Reglslèr•d Company numb•r 054123S9 (England and W81851 Rgglstsrnd Charlty numb•r 1114577 Reglstsred offlc 7¢ Cr8nmere Road Exetw Road Industrial Eststs Okeharnpton EX20 1 UE Prfnclpal addloss 4 Bodmln Slrgat HolwKthy Devon EX22 68B Truats•s J A Allen Mrs P J Johns KJ Jam&s Miss P J Millar C¢nyany Se¢Mtary Mrs P J Johns Pa4
tLt l$t rtof forth• Yaar Ended 30th A rll 202 REFERENCE ANDADMINISTRATIVE DETAILS Ind•pendent Ex8rTxn•r WesD)tts Chartered Acwuntants 7c Cranmer8 Road Exeter Road Indu8knal Estalo Ok8hampton EX20 1UE Thi5 report h85 bea) prepwed In ordanc8 With the sp8ad provL8h?r of Part 15 of the Compgnles Ad 2CI)6 to small companles. Aprmvad b ord8rofthe toard 0ftrust ui ......... 2.1.: 01: So%.*. and $4ned on tt6 bgh?If by. Mrs P J jJhn5-ToJsto6 Page 5
Inde ende Holsworth to tho Tru Èsof ommu Indèpandont•xamln0ts f•port to th¢ tru$tse$ ot Hol¥worthy Communlty Prop•ty frust Lld I'tho Co0ny.) I report to the charity tnJstéè& on my 8xamin8lon of th8 aniS of the Company for the year ted 30th April 2023. R8sponsÉbllltles and basis of report As lh& charitys trustees of the Company land also Its threclors br lh¢ purpose5 01 company lawl you are re8pLn&ble for the pParatioN ol the 8WOUnts in accordan wllh Ihe requlr8m8nls of Iha Companles Act 20061.1 2006 Arfl. H¥vin9 Satisfi&l myseFf thal thg aGnts of the Company are not r8qulred lo b9 audilod und8r Part 16 of the 2006 Aci and are 81igible fof independent 8xamlnaUon. I rerth in respect of ry examin8tK)n of your charily5 acLY)unts 2s carried oul under SeLaion 145 of the chtieS Act 2011 1'lh8 2011 Aci'i. In Carrying aut my examination 1 have followed the DIrect4¢$ gNèn by the Chartty Commission uThderSwn 145151 Ibl of the 2011 Ad. IndeFendent examlnerf$ stateme)t I have completed ryry examination. l GDnlSmi Ihal no matter5 have com• my tgntion In cDnneGIK)n with the gx¥nin8ik)n m• U9* ¢0 bolw4e'. accounling ro(x)rd8 Were not kept in wpect of the CA)mpany as requked by Se¢¢lon 3e6 of the 2)6 Art or th8 aowunts do not ¥cnrd wlth Ihos8 records., or the ac(Unts ikn rY)t comply with the accujnvng requSrements of Se¢Xion 396 01 rhe 2tlJ6 A(1 Other than 8ny rÈqyiremenl that the acojunts gtvg a true and fwr view which ks not a mattw ¢on8idered a8 part ol an Indep8ndent 8xaMinaOn', or the acu)uTrts havg not be wepared in a¢crydance wth th8 rn8tlY)ds 8nd princlples of thè Stalernent ol Recommended Pr8dlee (or 8ryx)unling and repurtirs ty chartiies lappli¢able to tharlt1es preparing tli&r accounis ITh acrA)rdance bmth th8 Finandal R8POrting Slandaré apPlble in the UK and Repll of Irdand IFRS 1021}. I havo no concems and have Ly)rne across no othar malters in oJnnoctrJn wrth the ex8mlnaUon to a¢18nticrf shou b8 drawn in this report in order lo enab a prop8r undet5tan¢lng Df the acwunts to b8 reached. Mrs S L Watts FC¢A DChA Weswtts Chartered Aecounlants 7¢ Cranmer8 Road Exeter Ro8d Induth81 Eslai8 Okehampton EX20 1 UE Oale: Pag8 8
Pro rnen Fift nc ear Ended 30th A ril 2023 for th 2023 Total funds 2022 To fuThl8 Unr8Strict&J fund R8Strid funds INCOME AND ENDOY4NENTS FROM nts and donations 17.W8 17.W8 56.010 Charitabh ¥¥105 M8nagem8ntofprop•rt*s Youlh tra 93,454 93.4$4 1,986 Investrnent inryNn8 Tolal 93A74 19.894 113,368 106.061 ExpeNDITURÉ ON Charftable actlvlllo$ Managernl ofpropertle8 Youlh C8ntrO 93.1 93,167 4S,373 40,912 51.888 45,373 Total 93,167 45,373 138.540 92,798 NET INCOMEIIEXPENDITURE) rranstors tsefven funds 30T 165AOOI 125.4791 65,400 125.172) 13.263 15 Not &ThnI In fund• 16S.0931 39.921 125,1721 13.263 RECONCILLAnON OF FUNOS Total funds brought forward 37eA74 1TI.794 ¥54,2B6 541.005 TOTAL FUNDS CARRIED FORWARD 311.381 217.715 529.096 554,268 The nole¥ fom) part ofthese finanTr81 statements P87
5412359 Balance Sheet 30th 2023 Total funds 2022 Totsl tund5 Unr951ri(led lu Restrl(X8d fijnds Notes PIXED ASSETS Investmgnl prcyerty 472,362 472A62 141,031 CURRENT ASSETS S¢ocks D8blcKs Cash at bank 398.37 384,802 71,046 10 214.423 11,078 177,794 39,921 392317 50,999 225.501 217.715 443.216 854.227 CREDITORS Arn1$ fauing due IlhI oné yr 128,3641 {28,364} 128,7211 NET CURRENT A8seT8 197,137 217.715 414,852 825,506 TOTAL ASSETS LESS CURRENT LL4BILITIES 669,499 217.715 887.214 966,537 GREOITOR8 knounls f811ing due aftar mce than one yew 12 13511181 13Je,1181 1412.2091 A$$ETS 311,381 217,715 529.096 554.26S FUNDS Unr1nded fvnds Resld¢t8d funds 15 311.3BI 217.T15 376,474 177,794 TOTAL FUNDS 529,096 S54268 Thg ¢hari¢abl8 compwy is io exemption frorn unde¥ Secthon 477 01 the Cthrpanies AGt 2006 for the year enthd 30th Aprti 2023. The members have not quIr•I th8 compary to oblan an audil of ts finanriaj statements for the year 8nd815 30th Awl 2023 In aLwrd8nce Trmlh SectK)n 476ofthe CoFwani88 Act 2006. The trustees knedge their r8sp)nsibilibe8 for ensuriThJ that the charitable company keeps atrA)wting records thai comply th Secti)ns 386 and 387 of the Companles Aci 2006 and prepariry financial slalements Ythich give a tru8 and faw view L)1 th8 state of 91r$ of the Larftable ujmpany as at the er of 8ach financ181 year and of tts surrlus or defiril fof each finanual year In ac¢ord8n vllh requirements of Sedions 394 and 395 and which otherwse comply wth the requiramenls of the Companw Act 2(XA r9klng to flnancl4 stataments. so far as applicab18 to the charitale company. These financia statements have beth) prepared kn ardance ¥*ith the provlsknn5 4)pli¢th8 io charitable comwies Sublt lo the $mall compgnies wime. The statemtnts wtsre approved by eoard Df Tru8ie85 aUthsed for Issue A7.-.o.1...3£k%4-...... and wwe signed on its bthalf by. Ibl on P J hn$-T$t8O The notes fomi p8rt ofth8sefinano81 statents Page
ote or t Flnancl ststem8 e Year 30th A 112023 ACCOUNTING POLICIES Bo$18 of Prep?ng the flnanrlal $tztèmonts The financia statements of Ihe ¢haritable company, which is a public nefIt entity under FRS 102. havg be prepared in &cordanc2 wlh the Charities SORP IFRS 1021 'Accnunling and Reporting by Charities.. steml of Rwtnrnond8d PraGtsce applicable lo tharilies pr8paring thr accounts in accordance wlh the FinanrA?I Repofting sianoard applrablo in the UK and Republic of IreLgnd IFRS 102118ffe¢tivo 1 January 20191,. Financial Rèportiry Standard 102 'The Flnan¢k31 Reporting Siw)dard appll¢abl8 in the UK and R8public of Irdand and the Compani8s AGI 2006. The fing slalements have been prepad under the hi5torl¢al w51 convention. Income I ¢0m8 k8 rerA)Bnised in the Statement of Financial Actwities once the thar51y haa enbtlernènt to the lunds, il is probable that the income will b8 r8c•ived and the amount rAn be measured Trliabty. Expendltur• Liabilities 8r8 recDgnised 35 expen¢ltur• a5 soon as Ihers * a lega or nstruCtive oblio8lon LtsmrftUr¥J the charily lo that 8xpendilufe, il is probable Ihal a Iransler of ecornmi¢ beneflts 11 be rtquired in $¢tUeTneni and the amount of thè obliylion Ggn be rneasured reliably. Expandiiure 18 acLy)unied for on an accruals bass and has been Classifi under headlngs thai aggr8gale all ojsi related to the category. Where costs ¢anml be direcuy atMOuio¢J parVrJJiar headingy they have tse a1le to acuvilw on a b0515 consisnI wilh the use of resources. Investment prowty Inv851wnent property 18 inrfJ'dty recorded at fA)s( whith indudes pur¢ase prf¢g and any dlrody lbutsUe expenditure. In¥8thienl property 1$ W81ued to ts fair value al each rtkX)rtlThJ date by the Trust885 and any thaNJas in fair vu8 are r8cL¥Jnis8d In 5rKomo and expenditurg. a rollable measure of f8ir value no longer avallae bTrithoul unéue cost or Effort lor an item of Investrnent property. il $hall be transferred lo tangible ass4ts •d tr8ated as such un1 rt Is oxpectgd that fair valué wll be rellabty m8a5urable on an oTrgoing basi5. Sto¢ks siodE$ are valued * the lower of cost and nel realisable Vae, after maklng due alb•Janc for c4JsL481e and sbw rrK)ving1181rts. Taxatton Th8 tharityls 8xernpthDm (rporaon taxon N5 ¢harltab18 acti18. Futhd accounljny UnrestriGted funds be US In aEGordance wlh the tharitsble obj'ectives at the dis(Trllon of the tsus18es. R8Stricled fund5 can only be used for partKular tricted purpos85 Withln the objects of the charity. R8slridion6 S8when specified by Ihe thnor or bvhen fund5 arè raised for parUt)Jlarre*rhr19d purrose5. Furth8r •xpl8n8ti)n of the n8tur8 and purp8 ol fund is indud8d in Ihe rtrJt85 to Ihe financial Ststats. Governm•nt fundlng Tho Youth C&ntre Ceive$ g0vernrTrl fundlng to 6nabl8 11 prowde 5UPPOrt to th8 local Community at Ihg Cownmunl¢y ntre. The fUrlD9 is di8dosed in lh8 8C(x)unts on weipl and treated %thrAly as r8strbclqd inwrne. Full detsils of the variou5 projects being undertaken are di5ckJsed wthin note 17. conlinu¥J...
Holsworth Com for tho Year Ended 30 A ri12023 GRANTS AND DONATN8 2023 Grants 17.908 se,010 INVESTMENT INCOME 2023 2022 Depost a(>*unt Ini8r6St 20 CHARITABLE AGTIVITIES COSTS Support Ix)sts (see note Sl Direct Costs rota8 Mana9emenl of prop•ties Youlh C8ntre 91,373 45.373 1.794 93,167 45.373 136.746 1.794 138,540 SUPPORT COST8 Management M8nagemenl of pnjperbes 1,794 TRiISTEES' REMUNERATION AND 8ENEFITS Ther8 was rn truslee5' rernunèratjn or olh8r benefits for the ¥r ended 30th Aprtl 2023 nor tr the year endod 301h Awl 2022. No ampl0 wnobjmgnts of nKJW thgn £80,COD12022'. None). Trust•¢$' •xpen888 There wert trustees, expens9¥ paid for th6 yw ended 30th Apdl 2023 nor for the year endad 3Jlh April 2022. COMPARATIVES FOR THE STATEMENT OF FINANGIAL ACTIVITIES Unrestri&ed lund Reslriclwj nds Total nds INCOME AND ENOOWIMENTS FROM Grants and donauons 56,010 56.010 Charitable actlvltles Managwngntof propartias 50,048 50,048 JnvÈstment income Total 106,061 1Cfj.061 EXPENDITURE ON Charltable a¢tivrbgs Managent of propert Youlh Centrè 40.912 51.886 40,912 51,886 Total 92,798 92.798 NET INCOP4lE 13,263 13.263 Pa10 contlnued...
ued forthe Year Ended 30th A 11202 COMPARATNES FOR THE STATEMENT OF FINANCIAL ACTMTies. contlnued Unre9trf¢ted fu R8$¢ted ftjnds Total (unds RecoNCIUATION OF FUND5 Totd fiJnds brw9hl foThvard 363,211 177.794 541,00S TOTAL FUNDS CARRIED FORWARD 378,474 177.794 554,268 INVESTMENT PROPÉRTY FAIR VALUE At 181 May 2022 Additv)n$ 141.031 331.331 At 30th April 2023 472,362 NEf BOOKVALUE At 30th Aprl 2023 472.362 At 30th 2022 141.031 All inv8Strnenl prorertles represwl properti85 that have been ac4u1 by tha Trust to provlde low LY)st housi forthe local o)mmunity Ihe (*>ItiVeS ofthe thtae wmpany. Thoinveslrwt propertles, wNch are prop8ities hehl as nIal property. are fdd wthin the Urmted Klwdom. STOCKS 20TJ 2022 Work in prc¥Jr855 398.379 10. DEBTORS: AMOUNTS FALUNG DUE wmiiN ONE Y&4R 2023 2022 Trade debtor8 Equty m¢xtgage8 Prepayments 11.318 380,250 380.250 392217 384.802 Pag811 corfnued...
rnunl Trust L d s to Ihe Financlal Sta for the ar Ended 30th A rll 2023 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Other loans (S noté 131 Other creditors Accw8d 8xp8nsgs 18.174 5,672 4,518 18,202 7.579 2.940 28,364 28.721 12 CREDITORS: AMOUNTS FALUNG DUE AFTER MORE THAN ONE YEAR 2023 Other loark8 (see note 131 358.118 412.269 13. LOANS An an&tysis of thè m8bJrlty of108ns k8 gwen balow.. 2023 2QT2 Arnounls f811ino due thin one year on d6m8nd'. Other loans 18.174 18202 Amounts falling due beNv8en )d five years.. Other loan$. 2-5ye8rs 72.696 Amounts falling due in mora than fve yeats.. Repayab by Instalments.. Oth9r roan8 rnore 8yr5 illstal 28JA22 339.481 14. secuRED DEBTS The followlng seced d9bts are Induded wlhin Creditors.. 2023 2022 Communlty LaNJ aTrJ Flnance CIC 404,133 412.269 Cornmunty Land and Finance GIG h88 8 tharga ovw Th8 Orchard, aawton. Hol8WhJrthy'. Ch11, 5 Wedey Road. Hol$r.. Sorrell, 16 W851ey Road. Holswjrthy., Chive5. 10 St Pstsrs Road, d Rowary, 17 St Peters Road, Holsworthy. 15. MOVEMeNT IN FUN08 Net rrrf)vemant In funds Tronsfer6 bgknn fur& At 30.4.23 At 1.5.22 Unrwtri¢tsd funds General fund 37&474 307 165AOO) 311.381 RAstrieied fvnds Equty Mortgage Stherne Holsworthy Youth Centre 177.794 177.794 39,921 125,4791 65,400 177.794 125A791 65AOO 217,715 TOTAL FUNDS 554268 12S,1721 $29,096 Page12 conun...
Holswo mu td Fln3n Y•gr En teme A rf1202 15. MOVEMENT IN FUNDS. confjnued Net ftN)vamt in fvn¢s. Indudwj In tha abovg we as 1olkw.' Incoming re8ourcas Res)urr£s axpend8d Movement in funds Unf05tdcted funds General fund 93,474 193,1171 307 R•$tyl¢tod funds Ywth Centr8 19,894 145J73} 125.4791 TOTAL FUNDS 111360 1138.5401 125,1721 Ctsmparafjvo5 fgr movarrnnt In funds N8t mov8ment In funds At 30.4.22 Al 1.5.21 Unre51rf¢ted fund5 Genwa fwd 363211 13,263 376.474 RegtrlGted funds Eqty Mortgage Sth•rn& 177.794 177,794 TOTAL FUND8 541.lJ)5 13,283 554.208 Cornparthe ngt movernent In funds, Indded in the thovè arg as fd£ws.' IncNnir RU[C pxp¢nded m0Ment UnY•$trlrtad funfls Genwal bjnd 1.061 192,79B} 13.263 TOTAL FUNDS 106,061 192,7981 13,263 A current year 12 months and prf¢Yyear 12 months rxJm&ined posllKffi as1011ows'. Net movemert in fund¥ Tr£nsfars beb¥een fvnds Al ).4.23 At 1.521 Unra5tr1cted fundg General fund 383211 13,570 165.400) 311,381 Restrtctsd funds EquHy Mortwe Sth8me Ho15wo1hy Youth Gentra 177.794 177.794 39,921 125.479} fj5.400 177,794 125.4791 65,400 217,715 TOTAL FUNDS 541,005 111,g)91 529,096 P89813 cDnlinu8d...
tat ntInue for the Yfrar Ended 30th A rll 202 1& MOVEMENT IN FUNDS * cOnnUed A wrrent yaar 12 monir6 and prY y•¥ 12 MOntt rnbInJ net movrnl in hjnds. induded in the abm are a5 folk)ws.' Incomirg resourc8s Resourtss Movgment expended in fynds Unr08trteted funds General fund 199,535 1185.965) 13.570 Re•trlct•d fund• Holsworthy Youth Centre 19,894 145,3731 125.4791 TOTAL FUNDS 219.429 1231,3381 Transfers betsen lunds Funds in respect of the Youth tr$ have been ro¢Lassthed this yeara? Restrided Fund5. 16. RELATED PARTY DISCLOSURES The were rn rela paty tran88eiion$ lorthe year anded 3(th April 2023. 17. RESTRICTED FUNDS equity Mortg8ge SGheme'. The r8StrlGled funds for the aEK)vtr are bwng heid to apply against Ihe Equity Mortgag9$ on ihe vario perties th81 tho Charttab18 Company has a8SiSt8d bc21 residanls to purth8S8. Holsworthy Youth Centre". FLtnds hav& beun raised thtwh recwpt of gants and SUbsdiz th8rg6s lo enable the HolBKrthy Yrxrth Centre kn rKowde supr(Jrt 1010¢ se1 chlldr8n arml olhws h th8 community. These we brok dDvm as folh)w5.' Ho15WOrthy YoJth Canlrg Muslc Services 4,314 9,706 10 Hol(hY Y(xJth Centre Community Caf? 233 Youth Centre Prolecl SerwiGes kLSrthY Youth aub General 606 500 SD1 £895 Total 6S,400 19,984 Broughl loard 30.04.22 Funds raed Expenditure Carrled loard 30.0423 20,588 s.coo Hobwrrthy Youth Centre Projed 27.5 1.3n 16 £12 Hokworthy Youth C8ntre Building 3,079 3,486 Adultwellbe osthces YoungCarer5 90 ESFProlec 8.838 16,6711 Brought forward 30.04.22 Funds rVad Expenditure Cartd foNMrd 30.04.23 651XJ 78 12 472 Pag814 o)ntinued...
Pro Ltd ot to th• Fl anclal Statements- eontlnue for the Year 18. LEGAL FORM Th8 Trust is cor011ed bylts 9¢MIng droJftnL a d88(1 of Irusl, and con$tleS a challNe Ilrniled company, Ilmlted by guarant¥a, 88 d8fkned ty the Companles Act iK6. Th? charitobie company was IncrPOrated In Unrted Kingth)m. The FnP8[ addre5$ ofthoTrusi b.. 4 8odmln Strrt Fb11hy. Don EX22 6BB Pag8 15