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• FIn0￿kn1 Stat•m•nl•
10 to 16
D•talhd Stat•m•nt ol Flnanclal Actlvltl••
17

Page 1

I

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 Medialma￿e1lng bias.
Tho Local Authority now appear to be supportive in finding a way to take schemes fo￿Vard.
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 Ne￿ork, 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 Incl￿￿9 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 propert￿8.
Golng con￿rn
Thero are no malarial un￿rtaIntleS about Ihe Charity's ability to continue.
STRUCTURE, GOVERNANce AND MANAGEMENT
Gov¢rnlng dKumonl
Tho charty is controlkd by its go￿rnIng 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 Tr￿tee8.
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 ￿par￿anCe 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 ￿er￿randUrn 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￿ Tn￿1 and In this regald, Tru$teos receive Iralnlng and devdopment h)fomiation
to as818t In th88• rewnslbllltkn8.
Rolat•d partlo8
The Charity at its incepllon r8c8bved Its Inlllal resourcm frcffi Second H¢Jme Councll Tax that ig lolntly 8dminiJtéréd by
Devon County Councl and TorrKlg• Dislrid Council.
Thg purchase ol the first sch8me Vthitlock Courv, was undertaken with (undlng fffjm Charity 8ank and Vonturo80
who had reSF)8Cti￿1Y flrst ond sècond charges on tho propoty. These monies have been repaid In full to tha￿18nders.
The Tnmt ha8 Irrp1emont￿ a Do It Yours•lf Equily (X¥n8tship {DIYEOI 8ch8mo whlch h•$ •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 fac*d 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 Cra￿ere 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 •x*mln•¢• 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 satis￿d 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 eX￿nina¢10Tr. I confimi that no mattws havo como to my altention In connection wllh th•
examination 9l¥lw mé caus8 to ￿lI8ve.
a￿)UntIng re￿Id8 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 CO￿lY 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 aCCo￿ance 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 c￿panIeS Acl 2(¥)6 lor th• year
•nded 30th Aprfl 2024.
Tho members havo not required Ihe ￿MpanY to obtain an audll of bts financial stat￿OnI8 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 requIren￿nIS 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 stateM￿ts 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 ReC0mn￿indOd 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 roc0grl￿d 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 $ett18ment and
the Thunt ol the obl￿atIon can be moasured rollably. Expenditurè is accountod lor on an a¢uuals basls and
h43 been dastsified under headings that aggregate all cost f•lated to the ¢atewy. knre costs cannot be
dlrecty attitlutéd to particular hoading• they have b¢en allocat•d to a¢tivitlo$ w a basis consi8tent tha u&•
of r880urco8.
Inv￿tm•nl proprty
Inve8tmont propety 1$ Initially reco￿•d al co8t, whi¢h incl￿8 purcha•0 prk• and any dimcty attrlbutablo
aXperKll￿re.
Inv••tmènt proporty h reVa￿ed 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$ur8 of fair value 18 Th) longor available wilhout undue COSt or efftirt for an Ilom of invesknent
kyopety, il 8hall be Iran8lerred to tan9ibl8 a08ets and Irgated u such until il 58 expoctod that lair value wlll bo
r¢llably ma￿UraL￿o on an on-golng basis.
Toxatlon
The charity18 exempl fr¢Yn co￿OratIon tax on Its charltabl• aclivth•i.
Fund accounlkng
Unrestricted luThJ8 Can be used In accordanct wrth the charilable +Jbj•cbves ot th• di6cr•ti¢Jn ol thè trugle8S.
Restiicted fvnd$ 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•$trl¢ted puws.
Furthw 6xplanalk￿ of th• nature and purpoa• of •ath fund18 Includ•J in the notos to Ihe Itnandgl statement8.
Gov•mrn•nl fundlng
The Youth Cenlte roc0ive8 9ovomnwnl funding to enablo 11 lo prov*49 8UPPOrt to thè local conwnunty at tt
Communlty c•nlr•. Th• funding Is dl8¢los8d in the accounts on receipt treated wlK>lly ai rnstricled income.
Full detalls of the varw)U8 PTol¢¢ts belng undertakon aro dl$¢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, i￿luded 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 emplo￿9 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
InveStn￿nI 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 hO￿ing
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 bo￿8*n 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 f￿d$
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 mId￿ts 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 $¢hool ¢hlldren and others In th? ￿M￿￿nIty. These lunds ara brok•n down as follow$'.
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 C￿￿panIeS Act 20{￿, Tr* ¢harilabl• company incorporatèd k) the
Unlled Klngdom.
Tho princpal addre•$ of th• TN*t18.' 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
L￿h1 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 Incom￿1•xP•ndItuf•>
This page does not form part of the $tatutory financial Statements
Page 17