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||**Page**|
|---|---|
|Trustees' report|1 - 5|
|Independent examiner's report|6|
|Statement of financial activities|7|
|Balance sheet|8|
|Notes to the financial statements|9-20|





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|||**Unrestricted**|**Restricted**|**Total**|**Unrestricted**|**Restricted**|**Total**|
|---|---|---|---|---|---|---|---|
|||**funds**|**funds**||**funds**|**funds**||
|||**2023**|**2023**|**2023**|**2022**|**2022**|**2022**|
||**Notes**|**£**|**£**|**£**|**£**|**£**|**£**|
|**Income from:**||||||||
|Donations and||||||||
|grants|**2**|14,172|310,419|324,591|11,423|93,324|104,747|
|Charitable activities|**3**|8,960|90|9,050|87,964||87,964|
|Investments|**4**|1,418||1,418|67||67|
|**Total income**||24,550|310,509|335,059|99,454|93,324|192,778|
|**Expenditure on:**||||||||
|Charitable activities|**5**|21,616|291,342|312,958|90,441|107,321|197,762|
|**Net income/(expenditure)**||||||||
|**for the year/**||||||||
|**Net movement in funds**||2,934|19,167|22,101|9,013|(13,997)|(4,984)|
|Fund balances at 1 April||||||||
|**2022**||68,187|83,630|151,817|59,174|97,627|156,801|
|**Fund balances at 31**||||||||
|**March 2023**||71,121|102,797|173,918|68,187|83,630|151,817|





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|||**2023**||**2022**||
|---|---|---|---|---|---|
||**Notes**|£|£|**£**|**£**|
|**Fixed assets**||||||
|Tangible assets|**11**||1,880||1,099|
|**Current assets**||||||
|Debtors|**12**|13,924||7,265||
|Cash at bank and in hand||160,556||148,866||
|||174,480||156,131||
|**Creditors: amounts falling due within**||||||
|**one year**|**13**|(2,442)||(5,413)||
|Net current assets|||172,038||150,718|
|**Total assets less current liabilities**|||173,918||151,817|
|**Income funds**||||||
|Restricted funds|**14**||102,797||83,630|
|Unrestricted funds||||||
|Designated funds|**15**|50,000||50,000||
|General unrestricted funds||21,121||18,187||
||||71,121||68,187|
||||173,918||151,817|




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||**Unrestricted**|**Restricted**|**Total**|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|
||**funds**|**funds**||funds|funds||
||**2023**|**2023**|**2023**|2022|2022|2022|
||**£**|**£**|**£**|£|£|£|
|Donations and gifts|3,722|-|3,722|1,423|-|1,423|
|Membership fees|450|-|450|-|-|-|
|Grants receivable (note|||||||
|2)|10,000|310,419|320,419|10,000|93,324|103,324|
||14,172|310,419|324,591|11,423|93,324|104,747|





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|**2 **|**Donations and grants**||||||**(Continued)**|
|---|---|---|---|---|---|---|---|
|||**Unrestricted**|**Restricted**|**Total**|Unrestricted|Restricted|Total|
|||**funds**|**funds**||funds|funds||
|||**2023**|**2023**|**2023**|2022|2022|2022|
|||**£**|**£**|**£**|£|£|£|
||**Grants receivable for**|||||||
||**core activities**|||||||
||South Hams District|||||||
||Council core funding|10,000|-|10,000|10,000|-|10,000|
||Devon Voluntary Action -|||||||
||COMF|-|2,000|2,000|-|11,794|11,794|
||Livewell SW - Community|||||||
||Wellbeing & Health|-|11,000|11,000|-|-||
||South Hams District|||||||
||Council - Homes for|||||||
||Ukraine||20,625|20,625||||
||National Lottery - SHCVS|||||||
||Covid-19|-|55,869|55,869||53,310|53,310|
||NHS Devon CCG - VCSE|||||||
||Assembly||-|-|-|25,000|25,000|
||Mewstone Primary Care|||||||
||Network|-|11,280|11,280||||
||South Hams DC and|||||||
||Devon CC - Ivybridge|||||||
||Hub|-|-|||1,220|1,220|
||Devon Voluntary Action -|||||||
||NHS SW Cost of Living|-|6,643|6,643|-|||
||Ivybridge Town Council -|||||||
||Ivybridge Community|||||||
||Connector||4,000|4,000||2,000|2,000|
||South Hams Primary|||||||
||Care Network|-|37,591|37,591||||
||Devon County Council -|||||||
||Tumbly Hill|-|6,115|6,115||-||
||Devon County Council -|||||||
||Western Hospital|||||||
||discharge||72,701|72,701||||
||Devon County Council -|||||||
||Western Hospital|||||||
||discharge VCSE capacity|||||||
||building||78,920|78,920||||
||Yealm Intern|-|3,675|3,675|-|-|-|
|||10,000|310,419|320,419|10,000|93,324|103,324|





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||**2023 2022**||
|---|---|---|
||**£**|**£**|
|Project work and management|9,025|87,892|
|Sundry income|25|72|
||9,050|87,964|
|Analysis by fund|||
|Unrestricted funds|8,960|87,964|
|Restricted funds|90||
||9,050|87,964|



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||**Unrestricted **|**Unrestricted**|
|---|---|---|
|||**funds funds**|
||**2023**|**2022**|
||**£**|**£**|
|Interest receivable|1,418|67|





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|||**2023**|**2022**|
|---|---|---|---|
|||**£**|**£**|
||Staff costs|163,417|124,502|
||Depreciation and impairment|639|464|
||Project activity expenses|137,181|51,077|
||Staff recruitment and training|819|1,017|
||Advertising, printing and publicity|360|7,627|
||Travel and meeting expenses|3,216|1,725|
||Venue cost, speakers and trainers|194|480|
||(Profit)/Loss on disposal of tangible fixed assets|(48)|-|
|||305,778|186,892|
||Share of support costs (see note 7)|3,118|8,776|
||Share of governance costs (see note 7)|4,062|2,094|
|||312,958|197,762|
||**Analysis by fund**|||
||Unrestricted funds|21,616|90,441|
||Restricted funds|291,342|107,321|
|||312,958|197,762|
|**6 **|**Grants payable**|||
|||**2023**|**2022**|
|||**£**|**£**|
||Grants to institutions:|12,341|-|





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|**7**|Support costs|||||||
|---|---|---|---|---|---|---|---|
|||Support|Governance|**2023**|Support|Governance|**2022**|
|||costs|costs||costs|costs||
|||£|£|**£**|£|£|**£**|
||Insurance|474||474|369|-|369|
||Rent, utilities and office|||||||
||maintenance|-||-|5,600|-|5,600|
||Telephone and internet|||||||
||access|1,025|-|1,025|1,233|-|1,233|
||Office expenses,|||||||
||stationery and|||||||
||photocopying|151||151|513||513|
||Subscriptions and|||||||
||donations|95|-|95|• 800|-|800|
||Computer costs|241|-|241|(215)|-|(215)|
||Sundry costs|1,132|-|1,132|476|-|476|
||Independent examiners|||||||
||fees - external scrutiny||1,674|1,674||1,290|1,290|
||Independent examiners|||||||
||fees - other services|-|2,388|2,388|-|804|804|
|||3,118|4,062|7,180|8,776|2,094|10,870|
||Analysed between|||||||
||Charitable activities|3,118|4,062|7,180|8,776|2,094|10,870|



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|**Employment costs**|**2023**|**2022**|
|---|---|---|
||£|£|
|Wages and salaries|152,786|119,945|
|Social security costs|4,651|823|
|Other pension costs - defined contribution pension scheme|5,980|3,734|
||163,417|124,502|



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|**Tangible fixed assets**||
|---|---|
||**Fixtures, fittings & equipment**|
||**£**|
|**Cost**||
|At 1 April 2022|5,257|
|Additions|1,420|
|Disposals|(49)|
|At 31 March 2023|6,628|
|**Depreciation and impairment**||
|At 1 April 2022|4,158|
|Depreciation charged in the year|639|
|Eliminated in respect of disposals|(49)|
|At 31 March 2023|4,748|
|**Carrying amount**||
|At 31 March 2023|1,880|
|At 31 March 2022|1,099|





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|**12**|**Debtors**|||
|---|---|---|---|
|||**2023**|**2022**|
||**Amounts falling due within one year:**|£|£|
||Trade debtors|13,523|7,141|
||Prepayments and accrued income|401|124|
|||13,924|7,265|
|**13 **|**Creditors: amounts falling due within one year**|||
|||**2023**|**2022**|
|||£|£|
||Other taxation and social security|-|2,694|
||Trade creditors|-|1,327|
||Accruals and deferred income|2,442|1,392|
|||2,442|5,413|





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||||||**Movement **|**in funds**|||
|---|---|---|---|---|---|---|---|---|
||**Balance at**|**Income**|**Expenditure**|**Balance at**|**Income**|**Expenditure**||**Balance at**|
||**1 April 2021**|||**1 April 2022**|||**3**<br>**11 **|**March 2023**|
||**£**|**£**|**£**|**£**|**£**|**£**||**£**|
|Ivybridge|||||||||
|Community|||||||||
|Connector|20,249|2,000|(11,200)|11,049|4,000|(10,393)||4,656|
|Community|||||||||
|Wellbeing &|||||||||
|Health|24,771||(9,474)|15,297|11,000|(26,297)|||
|Rural|||||||||
|Community|||||||||
|Building|9,337||(9,337)||||||
|SHCVS|||||||||
|Covid 19|20,987||(20,987)|-|-|-||-|
|TQ6|||||||||
|Community|||||||||
|Hub|22,283|53,310|(43,309)|32,284|55,869|(58,940)||29,213|
|Ivybridge Hub|-|1,220|(1,220)|-|-|-||-|
|VCSE|||||||||
|Participation|-|25,000|-|25,000|-|(25,000)||-|
|COMF|-|11,794|(11,794)|-|2,000|(2,000)||-|
|Homes for|||||||||
|Ukraine|-|-|-|-|20,625|(11,507)||9,118|
|Mewstone|||||||||
|Primary Care|||||||||
|Network|||||11,280|(11,280)|||
|NHS SW|||||||||
|Cost of Living|||||||||
|Community|||||||||
|Fund|||||6,643|(6,643)|||
|South Hams|||||||||
|Primary Care|||||||||
|Network|||||37,591|(36,735)||856|
|Tumbly Hill|-|-|-|-|6,205|(6,100)||105|
|Western|||||||||
|Hospital|||||||||
|Discharge|||||72,701|(47,951)||24,750|
|Western|||||||||
|Hospital|||||||||
|Discharge|||||||||
|VCSE|||||||||
|Capacity|||||||||
|Building|||||78,920|(44,821)||34,099|
|Yealm Intern|-|-|-|-|3,675|(3,675)||-|
||97,627|93,324|(107,321)|83,630|310,509|(291,342)||102,797|





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||**Balance at**|**Income**|**Expenditure**|**Balance at**|**Income**|**Expenditure**|**Balance at**|
|---|---|---|---|---|---|---|---|
||**1 April 2021**|||**1 April 2022**|||**31 March 2023**|
||**£**|**£**|**£**|**£**|**£**|**£**|**£**|
|Designated||||||||
|reserve fund|50,000|-||50,000|||50,000|
|General||||||||
|unrestricted||||||||
|funds|9,174|99,454|(90,441)|18,187|24,550|(21,616)|21,121|
||59,174|99,454|(90,441)|68,187|24,550|(21,616)|71,121|
|The purpose of the designated||fund is set|out in the Trustees' Report.|||||
|**Analysis of net **|**assets between funds**|||||||
||**Unrestricted**||**Restricted**|**Total Unrestricted**||**Restricted**|**Total**|
|||**funds**|**funds**||**funds**|**funds**||
|||**2023**|**2023**|**2023**|**2022**|**2022**|**2022**|
|||**£**|**£**|**£**|**£**|**£**|**£**|
|Fund balances at 31||||||||
|March 2023 are||||||||
|represented by:||||||||
|Tangible assets||1,880||1,880|1,099||1,099|
|Current assets/(liabilities)||69,241|102,797|172,038|67,088|83,630|150,718|
|||71,121|102,797|173,918|68,187|83,630|151,817|



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