REGISTERED COMPANY NUMBER: 05412359 (England and Wal88) REGISTERED CHARITY NUPIBER: 1114577 Westcolts Charterod A¢untants 7¢ Cranmere Road Exeter Road Industrial Eslale Okeh8mplon EX20 1UE
Holsworth Com ontsnts of th• Flna Pag• Report of th• Trustees knd•p•nd•nt Examlnofs R•port 8l•l•mont of Flnandal Actlvltl Balan¢• Sh•o1 8 to 9 Not•• to th• FIn0kn1 Stat•m•nl• 10 to 16 D•talhd Stat•m•nt ol Flnanclal Actlvltl•• 17
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Communl Pro Trust ort ol the frust8 8 Year Ended 30th A rll 2024 - Reffinandn9 of ihe Trusvs five rental properties in Holswodhy. Sheepwash and Clawton, - Rècruitrnanl of additional Trusl6ès, particularly with a soci81 Medialmae1lng bias. Tho Local Authority now appear to be supportive in finding a way to take schemes foVard. Nationally, the provision of a Community Fund. a meaninglul Capbtal fund is a priority for all COMMU Land Trusts lo gnsure Ihose Communrty Land Trusts, Regional Hubs and th8 National CThnmunity Land Trust Neork, of which Holsworthy CLT is a membgr, can become sustainable organisaliorfj providlng aThJ malnlalnlng housin9 Ihat is affordabl8 for local 0P1& for yoars to coma. FINANCIAL REVIEW Flnanclal posltlon Tho Trusl 98neraled an unrestrlcteo surplus of £12,688 (2023 £30n from the rental and management of local housing and a restrlcted d8lic6t of £11,618 (2023 £25.479 deficit} IrAlowlng the delivery of a number of projects by the Ho18WOrthy Youth Cenlre that were lunded in this and Ihe previous year. At 30th Aprll 2024 tho Tnjsfs unrestrleted r8sèrves wern £324,06912023 £311,381) wlmle the r8Strictod res8m8 wore £206,09712023 £217,715). As at 30th April 2024 the T(t'S unrastriclod free reseNes were £18,74612023 £12,770). Th• r•s•rvw ropre8onl items readly Convértib into c88h. Prfnclpal fundlng •ouw¢•• The principal funding sources of th8 Tnjst arise Irom rontal and manAg•m•nt f008 In ro8p•cI of the unrestrlcled re8•ry•s and frrxn local govemm?Dt lund$ lor the Hobworthy Youlh Centre. Remrvej pollcy The Board of Trusteés wll hold financial f888rves in line with the guidanc8 i88U8d by tho Charfty Comm188lon to 6aleguard Ihe Charty's projects wi the evenl of delay8 In receipt of revenue grants and other fundlng or Incon ganeralion. Since, in pro4evelopment stage8, the Charity is entirely dopendenl for income upon grant monles. donor funding or loans, the Trustee8 Intend Ihol a re8er4e should bo bullt up to Ihe equlvalenl ol befvmen three and slx monlh6 operating Costs. The Trustses are ¢ommStted to Complllng 8 naw fwe yeor buslne88 plan, whkh wlll Incl9 a revlew of Ihe level of re8eThes, and lo ensure Ihey are al th& apprcpriate lovel lo rneel the needs ol the busine58 aTrJ both Ihe Charlltefj Capital and Revenuo obligalions. The Tru8tee8 alm to retaSn unre8tr1cted reseples of £100,000 to cover approximately a year ol costs for both the Youth Centr• and the ownod propert8. Golng conrn Thero are no malarial unrtaIntleS about Ihe Charity's ability to continue. STRUCTURE, GOVERNANce AND MANAGEMENT Gov¢rnlng dKumonl Tho charty is controlkd by its gornIng document, a deed of trust, and constitutes a Ilmiled company. limlted by guaranlee. 38 defined by the Comp8nie8 Act 2. 8tru¢tur•, gov•rnan¢• and manag•m¢nt The directors of the compary are also Charity Trustees for the purposes of ¢harty law. Vndef qUIrementS ol the Memorandum and Artid88 of Association the Tntslee8 shal number not more than 10. nor less than 3; th• number of local aulhwity persons shall not exceed one third of the lolal number of Trtee8. One third of the mernbers of the Board of Trusteas Sh811 retire at each AGM and shall be ellglbla for re•le¢llon. Ro¢rultmont and appolnlment of now iN$t••8 New Tiustees are fecruitod from the local aroa, drawiw on different strengths to enable Trusl to have suftident kn¢Jwlodp arKI paranCe to deliver ils obièctwes. Organlsallonal structure The Charity Board of Tiuste85 rne monthty and is responsible lor the slraleglc dlreclion arKI pollw of the charity. Page 3
worth Commun Pro Trust of Ihe 12024 STRUCTURE. GOVERNANCE AND MANAGEMENT Inducllon and tralnlng of n•w Irustses New Truslees spend time with the existing Board lo recAiv8 an overvfjew of the organigallon and key docurwits 8uth as the errandUrn and Articles of Association. accounts, current yea¢s budget and future plans 8nd cbieclive$. They wlll also receive Infomiation from tho Charity Commisslon on th• regponsibllities ol TNst¢e$. The Charity 1$ member ol the Communty Lar Tn1 and In this regald, Tru$teos receive Iralnlng and devdopment h)fomiation to as818t In th88• rewnslbllltkn8. Rolat•d partlo8 The Charity at its incepllon r8c8bved Its Inlllal resourcm frcffi Second H¢Jme Councll Tax that ig lolntly 8dminiJtéréd by Devon County Councl and TorrKlg• Dislrid Council. Thg purchase ol the first sch8me Vthitlock Courv, was undertaken with (undlng fffjm Charity 8ank and Vonturo80 who had reSF)8Cti1Y flrst ond sècond charges on tho propoty. These monies have been repaid In full to tha18nders. The Tnmt ha8 Irrp1emont a Do It Yours•lf Equily (X¥n8tship {DIYEOI 8ch8mo whlch h•$ •150 lJ••n furKl•d by th• provlsion of grant ald from Tothdgo Olslricl Councll for spending on alfonloble housing in Hol8worthy. Venturesomè and Charity Bank fvnded 8ub88quenl developm•nl schemgs at Sheepwash 8rbd Bridgerul8 respxtivoly with the completed rental homes of a non-recourse loan from V•ntUffj8ome and Resonanc8 Lld. A loan from Resonanc• Lld obtained lor the acquisillon of ffive homes ¢urrently r•nled at affordable rents to local peopl8, four ot th• homes • on lh• Rydon fields dovelopmant in Hol8WOrthy and one is In Clowton. Rlsk managgm•nl Risks lo whlch the Charitylg exposad arn addre88ed Ihrough regular meetings ol the Board and eonslant monlloring by it of the likely rlsk8 facd by the Charity a8 Its actbvltles develop. Thew were sp•¢ifKally addre88•d in the busineu plan 2010111 that sets oul the Trusfj comrnilm•nt to provkl• SO for local pooplo. As now 8chgmes ar• propo88d, the Tru81ees ¢onslder the r18ks (and rewards) of the d•veltJpnwnts prlor lo entewing into contractual commltnwnls. REFERENCE AND ADMINISTRATIVE DETAIL8 R•glit•r•d Comp8ny numb•r OS412359 (England and Wales) R•gl8t•r•d Ch•rlty numb•r 1114577 Ro918t•r•d 0ffk• Unll 2 Dunheved Court Ponnygillam Way Launceglon PL15 7ED Tru•t••• J A A119n Mrs P J Johns K J James Mi88 P J Mill Mrs D Squirrell (oppointod 1.8.24) Mrs S A Gay (appolnled 1.8.24) Company 8Kr•tary Mrs P J Johns Independonl Examln Chartered Acr&)untants 7c Craere Road Exetsr Road Industrial Estats Okehamplon EX20 1UE Page 4
Hol worth Communl Pro Trust Ltd rt of th8 TfUSt•O8 lor the Year End d 30th A rll 2024 This report has b8en prépared in accordan wlth thé spècial provisions of Part 15 01 the Companiès Act 2006 rdating to small companies. Approved by order of tho board of trust88s on J*.J . and Suned on its behall by.. Mr8 P J Johns- Page 5
Pro TNst Ltd Ind•p8nd•nt •xmln•¢• r•port to tho tru•lw• ol Holsworthy Communlty Property Trust Lld Cth• Company? I report to the chaftty trustees on ffly exarnination of the accounts of the Conwany lor Iho y8ar ond•d 30th Aprll 2024. R•$ponslblllllo8 and ba of r•port As the charity's trustees of Ihe Company (and al$0 ils directors for purpose$ of company lawl you aro r•spon8iblè for th& weparation of the accounts in accwdance with the requiremènts of tho Compani•s Act 20[ {Ih8 2006 Acl,). Having satisd myself Ihat th• accounts of the Company are nol r¢quired to bo audited under Part 18 of thè 2006 Act 8fKI arn eligible for IrKlep8ndenl examinollon. I report in respecl of my examination of your chaAty'8 accounts 88 cawried c¥Jt under Section 145 of tho Charities Act 2011 I'the 2011 Acf). In carrylng out my •xaminatlon I have followed the Dlrections given by tho Charity Commi88ion under Seclwi 145(5} (b) of the 2011 ACL Ind•p•nd•nt •xamln•rfs ¥tst•m•nt I hav• ¢4)mpleled my eXnina¢10Tr. I confimi that no mattws havo como to my altention In connection wllh th• examination 9l¥lw mé caus8 to lI8ve. a)UntIng reId8 not kept ri r08pect of tha C¢)mpany as réquiréd by Section 386 of the 201A Ad: or the 8¢¢1)unts do not accord wlth Ihose r8cords' or the accounts do not COlY with the accounllry re9Uifom•nts ol Secoon 396 of the 2LJ)6 Act olhar than any requirement Ihal the a¢counts give a true and fair view which 1$ not a msttw consid8r8d as part of an dependent examlnation; or the accounts have not b8en prepared th aCCoance wlth the methods and principles of the Statement ol Rocommanded PTacll(x for accountiw and reportlng by ch*itias (appllceble to thariti88 pmparSffj thalr account8 In accordance with the Flnancial R•portlNJ Stondard appllcAblè in th8 UK and Rewblic of Ireland IFRS 102)). I hava no conc8rns and have m8 acro88 no olher matters kn connection wllh the examination to which attontbn shoukl be drawn In Ih18 report In ordgr to enable a propor undor$tandlng of tho ae£ount• to bo reach8d. Mr8 S L Watt8 FCCA DChA Weslcolls Chartered Accountant• 7e Cronmero Road Exeter Road lThJu•lrial E8t•le Okohampton EX20 1UE 11125.. Page 6
Holsworth Commun Pro Trust Statemen fFln for th• Year Ended 30th A rll 2024 2024 Total fund8 2023 Total funds Unrestricled Reslricted funds Notes INCOME AND ENDOWMENTS FROM Grants and donations 1,000 49,586 50,386 17,908 Charllablo a¢tlvltloS Management of propertie$ Youth Cenlre 42,889 42,889 93.454 1,966 Investment incomo 95 95 20 Total 113 368 EXPENDITURE ON Charltablo acllvltlos Managetrnnt of propertiei Youth Cenlro 31,296 31.298 93.167 Total NET INCOMEIIEXPENDITURE) 12,68B 1,070 125,172) RECONCILIATION OF FUNDS Total lurKls Ixought forward 311.381 217.715 529,098 554,288 TOTAL FUND8 CARRIED FORWARD 208 097 529 096 The nole8 fomi part of these finan(xal statsnpnts Page 7
ol$wo Commu Pro h A rll 2024 2024 Tol•l lund• 2023 Total Unr•strictsd fund Rostrlcted fund5 Note$ FIXED ASSETS Invostment property 472,362 4n,362 472,362 CURRENT ASSETS Debtor8 Cash at bank 10 215,S92 177,794 393,386 392.217 223,574 206.097 429,671 443,218 CREDITORS Amounts falhng due within ono year 11 121,169) (28.3e41 NET CURRENT ASSET8 414 852 TOTAL ASSETS LE88 CURRENT LIABILITIE8 874.767 206.097 B80,804 887.214 CREDITOR8 Amounts falling dut after morn than one yeor 12 (350,698) 1350.698) (358.118) NET ASSET8 208 097 FUNDS UnTeJtricled fund• R•8trictéd funds 15 324,069 206 097 311,381 217 715 TOTAL FUNDS Tho charflable ¢panY 18 •nlilled lo ex•mplion fram audit under Sectbjn 477 01 the cpanIeS Acl 2(¥)6 lor th• year •nded 30th Aprfl 2024. Tho members havo not required Ihe MpanY to obtain an audll of bts financial statOnI8 for Iho year ended 30th April 2024 In accordanc• wilh Secllon 476 of the Companlas Act 2006. Th8 tru8tee8 acknowkndga their respon$lbllities for (a) ensurlng that the charilablg Company keopa a¢untIng records that comply wlth Sectlon• 386 and 387 of the Companle8 Act 20fA and preparing financial slatements which give a INe and fair vifftv of state of affair8 of the ¢harllabl8 compary as at the end of eath financlal year and of ils surplu8 or deficil for éach finan¢lal year in accordance whh th• r•quirernenls of Secllons 394 and 395 and whlth 0th8P•Vi8e comply wlth the requIrennIS of the Companio8 Act 2006 r•lating to financlal 81at•ments. far 08 aFvllcable to Ihe charllable company. (bl The notes fomi part of Ihese finandal stat8m8nts Page 8 conllnued...
Balance Shefrt - ¢ nlSnu•d Th&se financial statements have been pr8pared in accordanch with th8 pfovi8ion8 applicable to charitable companies 8ubieGt to the small conN)anies regime. The financial statemen were aFvrov6d by th8 Board of Trnsts88 arKJ authorised for issu6 on .%.. .IT+ . and were 519ned on its behalf by.. The notes form part of these financial statements Page 9
TruGt Ltd Not to th• Flnanclal Stat rEn AccouKfiNG POUCIES Basls of prnparlng th• finan¢lal stal•m•nts The financral stateMts of the tharitabl• company. which is a public benefit entity und•r FRS 102, have been prepared in a¢)rdance with thè Charities SORP (FRS 1021 'A¢¢ounlMvJ Reporting by Charlties: Slatement of ReC0mnindOd Practic• applicable lo ¢hariti9s FrfepariNJ Ihelr a¢¢ounts in accordance wllh the Financial Reporting Slandard applicable in the UK and Repthlic of Ireland (FRS 102) {•ff•clivo 1 January 20191., Financial Reporting Standard 102 The Financial R8porUng Standard applicabl8 In the UK and Republic of Irelgnd, and th• Compaiies Acl 2006. Th• finant481 ststen)ents have been syepared undef the historical rmt convention. In¢om• All income Is re¢ognised in Stalomont ol Financial Aetivlti6$ once tho chaTrty has enlltbnwnt to the funds. It probab that the Incom8 will b8 recel¥ed aThJ the anount can b? measured weliably. Expendhur• LiabSlllle$ are roc0grld 48 èxpendlture a8 soon 08 there 14 o legal or constructive obligatiDn committiiYJ tho charlty to that expenditure, 11 Is probable that a tron$fer of economic benefits wlll be f8quir•d in $ett18ment and the Thunt ol the oblatIon can be moasured rollably. Expenditurè is accountod lor on an a¢uuals basls and h43 been dastsified under headings that aggregate all cost f•lated to the ¢atewy. knre costs cannot be dlrecty attitlutéd to particular hoading• they have b¢en allocat•d to a¢tivitlo$ w a basis consi8tent tha u&• of r880urco8. Invtm•nl proprty Inve8tmont propety 1$ Initially reco•d al co8t, whi¢h incl8 purcha•0 prk• and any dimcty attrlbutablo aXperKllre. Inv••tmènt proporty h reVaed to118 lalr wal at oach reportbng d•te by the Trutst•eS and any chanw in fa Val are rec¢gni8ed kn Income and expendltur•. If a reliabla mea$ur8 of fair value 18 Th) longor available wilhout undue COSt or efftirt for an Ilom of invesknent kyopety, il 8hall be Iran8lerred to tan9ibl8 a08ets and Irgated u such until il 58 expoctod that lair value wlll bo r¢llably maUraLo on an on-golng basis. Toxatlon The charity18 exempl fr¢Yn coOratIon tax on Its charltabl• aclivth•i. Fund accounlkng Unrestricted luThJ8 Can be used In accordanct wrth the charilable +Jbj•cbves ot th• di6cr•ti¢Jn ol thè trugle8S. Restiicted fvnd$ only be uséd for partkulai reslric¢ed purpo80$ wlihln the objects ol the charlty. R•slriction• 180 whon e1ffied by Ihe donor or when fundg arn raMd for parlicular r•$trl¢ted puws. Furthw 6xplanalk of th• nature and purpoa• of •ath fund18 Includ•J in the notos to Ihe Itnandgl statement8. Gov•mrn•nl fundlng The Youth Cenlte roc0ive8 9ovomnwnl funding to enablo 11 lo prov49 8UPPOrt to thè local conwnunty at tt Communlty c•nlr•. Th• funding Is dl8¢los8d in the accounts on receipt treated wlK>lly ai rnstricled income. Full detalls of the varw)U8 PTol¢¢ts belng undertakon aro dl$¢lo8•d within nots 17. INVESTMENT INCOME 2024 2023 Deposit actt4unt Interest 95 20 Pag8 10 continued...
Notes to the Flnanclal Statements . contlnuod INCOME FROM CHARITABLE ACTIVITIES 2024 Management of prop8rti6s 2023 Total activities Service charges and nts Property managémenl charges Youth Centre income Sundry income Projed funding writlen off 39,174 3.715 40,220 6,594 1,988 177 CHARifA8LE ACTNITIES COSTS Direct Costs180• note 5} Support co$ts18ee nole 81 Tota16 Managemant ol propgrt188 Youth Centre 30,096 31,296 DIRECT COSTS OF CHARITABLE ACTIVITIES 2024 2023 Property costs Insurance Rental costs Youth Centre costs Bank chapJeB Legal and wofossional Vlebsite costs oiect costs wrrtten off Llght and h8al Interest payable and 81milar charges 4,752 1,723 1,51)0 1,204 95 3,103 552 4,914 1,486 413 45,373 81 2,286 552 63,511 589 SUPPORT cosrs Managemont Man4ement of properties Page 11 continued...
Commun Tru8t Ltd Notsl lo tatements - 8UPPORT COSTS . eonllnu•d Support cosis, iluded in the above, are as follows.. 2024 Management of prop8rt18S 2023 Total acliviile$ A¢¢ountancy TRUSTEES. REMUNERATION AND BENEFrr8 There was no Irust•88' romuMratlon or other be( fof the year ended 30th Awl 2024 nor for thè year anded 30th Awll 2023. No emplo9 recewed emolmnts of more than £60.00012023: Nonal. Tru•t•••' •xp•nM• There wora no tru8teos' expenses paid for Ihe year ended 301h Aprl 2024 nor for Iho yur endwl 30th Awll 2023. COPAPARATIVES FOR THE STATEMENT OF FINANCIAL ACTNITIES Unrn$trldod fund Total fund8 funds ICOME AtrJD eNDOWMENT8 FROM Grant8 and donallons 17.908 17.908 Charltabl• actlvlll•s Managemgnt of prop•rties Youth Centr• 93.454 93.454 1.986 1.986 InveStnnI Inccffio 20 20 Total EXPENDITURE ON Charllabk a¢tlvftlo8 Managemenl of pTopert*s Youth C•ntre 93.167 93.167 Total NET INCOMEI(EXPENDITURE) Trnn•f•r• b•tWOon fvnd• 307 (25.479) (25.172 Not mov•m•nt In fund• 165,093) 39.921 (25,172) RECONCILIATION OF FUNDS Total funds Ixought forward 376,474 177,794 564,288 TOTAL FUNDS CARRIED FORWARD 217 715 Page 12 conllnued...
Pro Not08 to th8 Flnanclal Statement8 - Contlnuèd INVESTMENT PROPERTY FAIR VALUE At 1stMay 2023 and 30th April 2024 NET BOOK VALUE At 30th April 2024 At 30th April 2023 All invostment prcperties repre8enl woperties (hat have been acquired by the Tru81 to provlde Ithv c08t hOing for Ihe local community within the objectives of the charitable company. The investmènl properties, whlch are propertie8 held as rental propgty, are h&kl wllhin Iho United Klngdom. 10. DEBTORS: AMOUNT8 FALLING OUE IMTHIN ONE YEAR 2024 2023 Tiode debtors Equlty mortgag•g Prep8ymenl8 11,768 380.2SO 11.318 380.250 649 392 217 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Othor loans {800 note 13) Other creditors Accruod •xp8ns 18,797 1,172 18.174 5,672 12. CREDITORS: AMOUNT8 FALLING DUE AFTER MORE THAN ONE YEAR 2024 2023 Other loans l¥ee note 13) 358,118 13. LOAN8 An onoty$1$ ol Ihe maturity of loans is gfven beltr'. 2024 2023 Amounts falling due within one yeor on demand: OlheT loan5 Amounts falling bo8n ono arKI year8, other loans - 1-2 years Amounts falling due b91ween hvo and five years.. Other loans - 2-5 years Amounts lalling duè In more than fve year8. Repayable by inslaknenls: Other loans more Syts instal 323,510 285,422 Page 13 conlinued
h Commun Pro Trust Notes lo the Finan¢lal Statemonts . contlnu•d SECURED DEBTS The following secured debts are includéd wilhin credllor6: 2024 2023 Communlty Land and Financé CIC Community Land and Finance CIC h88 a tharge over Th• Or¢hard. Clavrton, Holsworthy: CheNII, 5 Wesley Road, Ho15WOrthy; Sorrell. 16 V*le$ley Road. Holsworthy: Chlves, 10 St Petors Road. Hol8WLYthy and Ros•mary. 17 Sl Peters Road. Holsworthy, MOVEMENT IN FUND8 Nel movemonl In lunds Al 1.5,23 30.4.24 Unr•strlct•d fund• Gonèral fund 311,381 12.688 324,009 R••trlcl•d funds Equity Mortgage Scheme Holsworthy Youth Cgntre 177,794 177,794 TOTAL FUND8 Not movement In lundB, indudod In th• abov• ar• as lollow•: Incomi sour¢os Re8ourrn •xp•nd•d Mov•m•nt in Unr••trt¢t•d fund• G•neral fund 43,984 131.296) 12.688 RMlrf¢l•d fvnds Hol$worthy Youth C8nlM 49,586 (61304) TOTAL FUND8 Comparallv•• for mov•m•nt In lund• Net Transfws belween fiJnds At 30.4.23 At 1.5.22 In fwKI$ Unrestrlct•d fund• Gen•ral fund 376.474 307 {65,41J)> 311,381 R•strlcted funds Equlty Mortgaga Schem• Holsworthy Youth Centrè 177.794 177.794 217 715 TOTAL FUNDS 554,268 25.172) Page 14 continued...
Not•$ to Iho Flnancl•l Statomfrnts - contlnuad 15. MOVEMENT IN FUNDS - conllnugd CornpaTative net rnovement in lunds. Included In Ihe above are as fdlows.. Incoming resources Resources expended Movem8nt In fund8 Unr•strl¢tsd fund8 G8neral lund 93.474 (93.1671 307 RoBtrl¢tod lund8 Holsworthy Youth Centre 19.894 (45.3n) <25,479) TOTAL FUNDS 138 5401 A current yeai 12 months and prior year 12 months combined p061tlon Is as fdlows.. Net movement In fd$ Tr8n8fors b•een funds At 30.4.24 At 1.5.22 Unf•8trfct•d fund• General fund 376.474 12.995 (65.41JO) 324,069 Re•trlcted lund8 Equity Mortga90 Schem9 Hol8WOrthy Youth C•nlre 177,794 177,794 37 097) TOTAL FUND8 A current year 12 months and prior year 12 months combined net movement In lund6, Included In the above are as follows.. Re8ource8 exponded Movement in lunds resources Unfo•trl¢t•d fund• General fund 137,458 (124,4631 12,995 RoBtrlct•d fund8 Hol8worthy Youth Centre 69,480 (1C6.5771 (37,097) TOTAL FUND8 206 938 (2310401 16. RELATEO PARTY DISCLOSURES There wora no ralated party transactions for Ihe year ended 30th April 2024. Pa98 15 continued...
Trust Lld N•)t•8 to lh• Flngnclal 8 ntlnued 17. RESTrICTED FUNDS Equlty Mortgage Sdlgme: The Testricted funds for the abov8 are belng hald to appty agalnst the Eqtsity Mortgag95 on the v8rlous properties thal tho Charltabla Company has assisted local mIdts to purchase. Holsworthy Youth Centr•.' Funds hav• been r4$ed throwJh receipt ol grants and 8th8Klized charges lo anab thg Holsworthy Youth Centr• lo provid8 support to h)cal $¢hool ¢hlldren and others In th? MnIty. These lunds ara brok•n down as follow$'. HYCH Community Caf8 Total HYC Music S•rvieès HYC Centr• Pr4eot Services HYC Youth Wother Brou ht lorward 30.04.23 Funds recaivtid Pa ments made Carri•d forward 30.04.24 39,921 49.819 9,708 233 £Nil £Nil HYC G•noral HYC Young Cararn HYC Adult Wellbelng HYC Prdoct HYC Bulldl Brou hl foThvard 30.04.23 Funds received rnents madg CarTled forwarf 30.04.24 695 600 12 233 £245 18. LEGAL FORM Tho TNst is controlled by its gov•ming do¢ument. a d••d of t[lt, and con8titut•s a ¢horitoble limit•d company, Ilmlt8d by guarantee, a8 dofinod by the CpanIeS Act 20{, Tr ¢harilabl• company incorporatèd k) the Unlled Klngdom. Tho princpal addre•$ of th• TNt18.' 4 8odmin Street. Hol8WOrthy, Cievon EX22 68B Pa98 16
ro f Flnancl l A lvl for the Year Ended 30th rll 2024 2024 2023 INCOME AND END¢)WMENTS Grants and donatlons Donation8 Grants 1,000 50.586 17,SM)8 Inv•$tmant Incom• Depo8il account interasl 20 Charltable actlvltle• Service ch8rges and rents Prop8ty rnanagemenl charge8 Youth Centra income Sundry Income Project funding wrftten off 39,174 3.715 40.220 6,594 1.986 177 Total In¢omlng re•ourc•i 93,570 113,368 EXPENDITURE Charltabl• actlvltl•8 Propety $18 Insurance R8ntal co818 Youlh Centre cost4 Bank Charg8$ Legal and profes6icffial Web$fte costs Proi¢¢l costs wnttan off Lh1 and heal Bank loan Interest 4,752 1,723 1,500 61,204 95 3,103 552 4,914 1.486 413 45,373 81 2,286 552 83,511 589 91,300 136,746 Support cost8 Manag•rnent Accountancy Total re8ource8 expended N•1 Incom1•xP•ndItuf•> This page does not form part of the $tatutory financial Statements Page 17