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￿ 5tst￿8nts of the charty for the year ended 30th April 2023. The trust88s have adopted th8 provIS￿n3 of
Acctyjnts'ng and R8P0￿rg by charit1￿.. St*èmwt of Rocommwdqd Praciico 8Ppl￿ble lo ¢harftle5 preparirYJ Ihar
aco)unts in *cor¢fan￿ with Ihg Financla Reportiig Stsnéard 8p￿1¢3￿Ae 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 clroJrn8￿nCOs 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, what￿r that be th￿9h $ub*diz8d ￿nts u property purchow. 8ctiwty
provld85 Ihe fOllty￿n9'.
meeti￿ fvl housing ne8ts:
- Locally ¢ontroll8d.,
- Locallyf￿arwj..
- Local ￿￿￿0pMents..
Q>Munlty basad..
- LoGql homthners a stak8 In thelrO)mmunli￿,
- Promolng SOC•￿ Inclusi￿.,
lnv8sts.ng in bng-temi comrnunliy (Jevelopments
- Safe9uardiThJ the futu￿ afford8billtyof I￿al horn￿,.
- A su51ain2tA8 loe21 cnmmunty..
2. To provide 8 Community Centre Ihr0L￿h Holsworthy Youth Centre that Sup￿rtS Ihe lo￿ ¢xJmrnunity throuth servit&%
and prc48cts held th the c*ntr8. This ineludés providing a kjcation fcf 8ft8r-5choDI actlv1118S.
SignifEGHnt adv1￿¢8
Thè Trust (x)ntinues to putsuo pro]eds in the kxal area fa•ltatirvJ bcal hous￿)9 beirvJ rnade available to tho89 from the
ca cornrnunity. The Trust8fjs cononue to whlle k)oklng to refinsnc8 tho TrLLgVs five r4ntsl propertie5 in
Ho&worthy and Clawton.
The Tru8t has wntinu&J ￿ provlde the Communlty Cgntrg * Holmrthy Youlh Centr8 for Ihe u58 of the kjcal
communty. ThLs has prowded both a youth centre for after 9¢hool acANid&8 bul a15D a venw for prdects Such as Mu51C
Servlcss. Communlty Caf8, AdultW4lboino services and Ihe Petroc ESF Project al Ihe cenlre.
Public bonerrt
In F48nniog our actMU8s lorthe yoarwe k8pI in mind tho Charity CommKs$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$worthy Yotjth Centr• lcommunlty C•ntr•l
Sass￿s Prov0￿ Ihe fou0￿ng nights are..
-Tuesday
- ye8r6. 7 and 8..
- Wednesday - sthool year g upwards.,
- Thursday
- w)ung ￿ref5 support 9roup,'
One of ¢hallenge3 wa$ that lh8 oldgr 188no9& gr￿P 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 th￿lenge5 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 IndUs￿l[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 Wan￿ng 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
I0￿e￿ 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 8bill￿e8 and ¢h811erw attend and mix
togelhw. We feel Itru5 is an import8nl step in helping young pecple underst￿d 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 St*l&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. DISc￿55K)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 HobW￿lhy, wh8re we have
pr£viousty h*$ wy affordable ￿￿81￿9.
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 obt*nwtg plwning and lh8 variDUS SUPPO￿￿ r8POrts',
2. Nol belTrJ aNe to secA¥e a Tru*ee or Contra￿r kwth flnanca81 èxpertise to holp us bthr man49 our ￿L￿1n9
stock.
Our
- Conbnue lo devebp the Community Gent￿..
- Loo￿r@ forward we are boplrvJ to Ly)mpbt8 on a purthose affordable (fvffjlliros at Shebbew..
- Refin8nong of the Twsf8 fve rental prope￿e$ in Hdsh%frthy and Cla%*lOn.'
- Ra￿ltment ol addIt￿n81 Tru$lw. partirxJlaAy with 8 finan￿al 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
Nat*Jnalty, 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, R￿lon81 Hub5 ané the Natvnal Communlty Land Trust Ner*xKk of whlth
Holsworthy CLT is a member. can b8L1￿8 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$t generated 8n Un￿51￿￿e￿ surpbs of £307 12022 £132631 from the rentsl and fflanWJw￿nt of bGal houslng
8nd 8 r85tricted d8ficit of £25.479 12022 nil) foifowirrtj Ih8 d8liv0ry of 8 number ol proJ￿ts by the Holsworthy Youth
Centre Ihatwere funded In ihls and the prewous ye8r.
DLtriro this year the ￿)Ik in pr¢gress ￿(￿*ted funding lor the Whlmble Hill proled was wftten off b0￿y￿e th0
Trust has tsthn th8 orfr￿u￿ deGisi¢)n that it is not viablè for th8 Trnsl lo pwsuè thls proiec*.
ReseN85 of £6$,4￿ relating exduswely to thè HolM)rthy Youlh Centre have b88n transfgrr8d to r051ri¢W res￿8$ as
the funds ￿Lates01￿Y 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 res￿88 were
£217.71512022 £177.7941.
Prln¢lpal fvnding aour¢¢s
The prinapal lundlng sources of th8 Trust atse from rent￿ 8nd man8gem￿l Igas In reSp￿t of tho unrestricted rèseNes
nd from I￿81 g)V8mm8nt funds tsthe Hr￿B￿rthY YDLth Centre.
Reserves PDIi¢y
The Boar¢ of TNst885 ￿11 finanda res8Ne5 In line whh the guld8nce 158ued by th8 Ch8rlty Commi5sbn io
Saf￿uard the Chaitrf$ yo1￿ts in the ev￿1 of dglay8 In rewpt of revenue gwts ond other fU￿￿g Qr int>)me
ger￿alk)n.
Sineo. in pr&d8vebprngnt SW8, thè (Jarity 15 erthty dePe￿ent 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 mater￿1 uncArtaintie5 aboutth? a￿lity 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 cTh￿ty 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 e￿a￿e Ihe Trust to havo sUffi￿ent
k[￿￿etJoe and experienee to delfver ts objectwos.
Organlsational 8truciur•
The Ch•ily Board of Trust885 meels monlhly 8TrJ Is resp￿￿￿¢ for th8 5trdteglc d￿r￿110n 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 reca￿e an oveNIw4 of the (ry3nisalK)n and key dOCu￿nts such as
the MÈmor8ndurn and Artic￿8 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 Tr￿tse8. 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)n￿￿11the$.
R¢l•t•d parb88
Tha Ch￿ty ot 6ts InceptDn r8eèNed its In￿81 re￿Urc<S from Soc¥)ThY Home Council Tax Ihat 15 iaintly *Jrnni51ered by
Devon County Coundl Torritoe Dlslrfct Councl.
The purchase of Ihe first sch8m8 'Whitl(Kk Court. w8s undortaken ￿th fvnding from Charity Bank and Ventur&s(me
bvho hwj respe¢tfvely first and sec￿￿ chwges on the propety. Th858 rnonl8s havg been repaid ln full lo Ihgsè l￿ders.
The Trust has implementEd a Do 11 Yoursdf Equlty (Avnership IDIYEOI schernè ￿1¢h ha$ 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$0 currcnJy in roceipl of
non-recnur5e loan IrDm CLT Fund lo flnance ils prfrdevelopmenl expendllure at the proposed S81f-bulld s¢hemè at
Whimble Hill. A ￿en from Resonancè Ltd has been obtained for the ￿?￿r￿￿on of five homes Currently renied at
affrjrtsble rwts 10 peop￿, four of thè h)m85 are on the Rydon fields development in Fk)18WOrthy and one is in
Clawton.
R15k managam8nt
Ri5k5 lo whith the Charity is exposed are ￿ljreSSed thrO￿h ￿gUlar rneetlngs of the eoard and oJn5tant monilorhg by
it of Ihe likely Nsks fac￿ by thè Charity as its 8cli¥llw develop. These wpr¢ spedffcdty addre￿0d In th¢ buslnes8 plon
2010111 Ihai sets out the Trusls cortitnitmwl to provide 50 hcffies fu peopl8.
As new 5chome$ ar8 pfoFQ5ed, the Truste8s consider the rlsks land rewards) of Ihe dpvthpments pmr to en¢￿Thj into
Contral￿81 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
Pa￿4

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 Co￿0ny.)
I report to the charity tnJstéè& on my 8xamin8lon of th8 a￿￿niS of the Company for the year t￿￿ed 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 p￿ParatioN ol the 8WOUnts in accordan￿ wllh Ihe requlr8m8nls of Iha Companles Act 20061.1￿ 2006 Arfl.
H¥vin9 Satisfi&l myseFf thal thg aG￿nts 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 ch￿tieS Act 2011 1'lh8 2011 Aci'i. In Carrying aut my examination 1 have followed the
DIrect4¢￿$ gNèn by the Chartty Commission uThderSw￿n 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 8xaMina￿On', 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 apPl￿ble 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 ¥￿¥1￿05
M8nagem8ntofprop•rt*s
Youlh ￿tra
93,454
93.4$4
1,986
Investrnent inryNn8
Tolal
93A74
19.894
113,368
106.061
ExpeNDITURÉ ON
Charftable actlvlllo$
Managern￿l 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 tsefv￿en funds
30T
165AOOI
125.4791
65,400
125.172)
13.263
15
Not ￿&Th￿nI 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
P￿87

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
Arn￿￿￿1$ fauing due I￿lhI￿ oné y￿r
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 mc*e than one yew
12
13511181
13Je,1181
1412.2091
A$$ETS
311,381
217,715
529.096
554.26S
FUNDS
Unr￿1nded 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 ￿kn￿￿edge 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 L*arftable 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 ar￿dance ¥*ith the provlsknn5 4)pli¢th8 io charitable comwies
Subl￿t lo the $mall compgnies wime.
The statemtnts wtsre approved by eoard Df Tru8ie85 aUth￿sed for Issue
A7.-.o.1...3£k%4-...... and wwe signed on its bthalf by.
Ibl
on
P J ￿hn$-T￿$t8O
The notes fomi p8rt ofth8sefinano81 state￿nts
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.. st*em￿l
of Rwtnrnond8d PraGtsce applicable lo tharilies pr8paring th￿r 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 prepa￿d 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 $¢tUeTneni and
the amount of thè obliylion Ggn be rneasured reliably. Expandiiure 18 acLy)unied for on an accruals bass and
has been Classifi￿ under headlngs thai aggr8gale all ojsi related to the category. Where costs ¢anml be
direcuy atMOuio¢J ￿ parVrJJiar headingy they have tse￿ a1￿le￿ to acuvilw on a b0515 consis￿nI wilh the use
of resources.
Investment prowty
Inv851wnent property 18 inrfJ'dty recorded at fA)s( whith indudes pur¢*ase prf¢g and any dlrody *lbutsUe
expenditure.
In¥8thienl property 1$ W81ued to ts fair value al each rtkX)rtlThJ date by the Trust885 and any thaNJas in fair
v￿u8 are r8cL¥Jnis8d In 5rKomo and expenditurg.
a rollable measure of f8ir value no longer avalla￿e bTrithoul unéue cost or Effort lor an item of Investrnent
property. il $hall be transferred lo tangible ass4ts •d tr8ated as such un￿1 rt Is oxpectgd that fair valué wll be
rellabty m8a5urable on an oTrgoing basi5.
Sto¢ks
siodE$ are valued * the lower of cost and nel realisable Va￿e, after maklng due alb•Janc* for c4JsL481e and
sbw rrK)ving1181rts.
Taxatton
Th8 tharityls 8xernpthDm (￿rpora￿on taxon N5 ¢harltab18 acti￿1￿￿8.
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 purp￿8 ol fund is indud8d in Ihe rtrJt85 to Ihe financial Ststa￿ts.
Governm•nt fundlng
Tho Youth C&ntre ￿Ceive$ g0vernrTr￿l fundlng to 6nabl8 11 ￿ prowde 5UPPOrt to th8 local Community at Ihg
Cownmunl¢y ￿ntre. The fUr￿lD9 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 DONAT￿N8
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' rernunèrat￿jn 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
Manag￿ent of propert
Youlh Centrè
40.912
51.886
40,912
51,886
Total
92,798
92.798
NET INCOP4lE
13,263
13.263
Pa￿10
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 (*>I￿tiVeS ofthe th￿ta￿e 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$. 2-5ye8rs
72.696
Amounts falling due in mora than fve yeats..
Repayab￿ by Instalments..
Oth9r roan8 rnore 8yr5 illstal
28JA22
339.481
14.
secuRED DEBTS
The followlng sec￿ed d9bts are Induded wlhin Creditors..
2023
2022
Communlty LaNJ aTrJ Flnance CIC
404,133
412.269
Cornmunty Land and Finance GIG h88 8 tharga ovw Th8 Orchard, aawton. Hol8WhJrthy'. Ch￿11, 5 Wedey
Road. Hol$￿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)vam￿t 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•$tyl¢tod funds
Ywth Centr8
19,894
145J73}
125.4791
TOTAL FUNDS
111360
1138.5401
125,1721
Ctsmparafjvo5 fgr movarrnnt In funds
N8t
mov8ment
In funds
At
30.4.22
Al 1.5.21
Unre51rf¢ted fund5
Genwa fwd
363211
13,263
376.474
RegtrlGted funds
Eq￿ty Mortgage Sth•rn&
177.794
177,794
TOTAL FUND8
541.lJ)5
13,283
554.208
Cornparthe ngt movernent In funds, Ind￿ded in the thovè arg as fd£ws.'
IncNnir
R￿U[C
pxp¢nded
m0￿Ment
UnY•$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 * cOn￿nUed
A wrrent yaar 12 monir6 and pr￿Y y•¥ 12 MOntt￿ ￿rnbIn￿J 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 bets￿en 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¢* se￿1 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
k￿LS￿rthY
Youth aub
General
606
500
SD1
£895
Total
6S,400
19,984
Broughl lo￿ard 30.04.22
Funds r￿a￿ed
Expenditure
Carrled lo￿ard 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 r￿￿Vad
Expenditure
Cart￿d 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 co￿r011ed bylts 9￿¢MIng droJft￿nL a d88(1 of Irusl, and con$t￿leS a chall￿Ne Ilrniled company,
Ilmlted by guarant¥a, 88 d8fkned ty the Companles Act iK6. Th? charitobie company was Inc￿rPOrated In
Unrted Kingth)m.
The F￿n￿P8[ addre5$ ofthoTrusi b.. 4 8odmln Strrt Fb1￿1hy. D￿on EX22 6BB
Pag8 15