## **THRIVE DEVON**
A Charitable Incorporated Organisation
Charity Number: 1186254
Registered 11[th] November 2019
Annual Report & Accounts for the year ended 31 March 2021
## **THRIVE DEVON ANNUAL REPORT AND FINANCIAL STATEMENTS For the year ended 31 March 2021**
## **Contents Page**
## **INDEX**
- 1 General Information
- 2-3 Report of the Trustees
- 4-7 Statement of Financial Activities
## **THRIVE DEVON ANNUAL REPORT AND FINANCIAL STATEMENTS For the year ended 31 March 2021**
**Trustees** Gordon Anthony Roberts (Appointed 01.06.19) Giles Brian Sutton (Appointed 01.06.19) Penelope Ann Sutton (Appointed 01.06.19) David Robert Spencer (Appointed 01.06.19) Caroline Elizabeth Bright (Appointed 01.06.19) **Principal Office** KINGSBRIDGE FAMILY CHURCH OFFICE BAPTIST LANE, KINGSBRIDGE, TQ7 1QD **Bankers** Lloyds Bank **Independent Examiner** Not Required **Charity Registered No** 1186254
Page 1
**THRIVE DEVON ANNUAL REPORT AND FINANCIAL STATEMENTS For the year ended 31 March 2021**
## **REPORT OF THE TRUSTEES AND GENERAL INFORMATION**
## **Principal Activity**
The Prevention or Relief of Poverty
## **Governing Instruments**
The Charity is established as a Charitable Incorporated Organisation (CIO) and its activities are regulated by its constitution. The objects of the CIO are, for the public benefit, to provide supported housing accommodation with enhanced housing management services, in order to:
RELIEVE THE NEEDS OF PEOPLE WHO ARE FORMER ROUGH SLEEPERS, VULNERABLY HOUSED PEOPLE OR PEOPLE WHO WOULD OTHERWISE BE AT RISK OF STREET HOMELESSNESS, IN KINGSBRIDGE, THE SOUTH HAMS AND SURROUNDING AREAS, INCLUDING BUT NOT RESTRICTED TO EX-OFFENDERS, THOSE AFFECTED BY ILLEGAL SUBSTANCE AND ALCOHOL ADDICTIONS AND PEOPLE AFFECTED BY POOR MENTAL HEALTH BY THE PROVISION OF SUPPORTED HOUSING, ACCOMMODATION AND RELATED SUPPORT SERVICES.
## **Trustees**
The above named have served during the year. The Trustees are kept informed of the activities and performance of the charitable organisation and provided with regular management information. The composition of the board is kept under review and additional appointments will be made should the need arise. All trustees are made aware of their responsibilities.
The Trustees met quorate on the following dates:
28[TH] October 2019
Page 2
## **THRIVE DEVON ANNUAL REPORT AND FINANCIAL STATEMENTS For the year ended 31 March 2021**
## **Review**
This has been a year of research and preparation ahead of operational action.
The main activities have involved searching for a suitable property and conversations with potential referral partners who will provide our first residents.
Both of these activities have been severely hampered by Covid-19 pandemic of 2020 – 2021.
No charitable activity has taken place this year and as a result there has been no income and no expenditure recorded.
The trustees have been active only in the service of research and preparation for the launch of our supported housing project.
## **Financial Review**
During the year the charity has received no donations and no other income and has incurred no expenditure.
## **Reserves**
When operational the Trustees will seek to hold adequate reserves to meet three months operational costs.
## **Risk Management**
The Trustees have reviewed the major risks to which the charity is exposed and have taken steps to mitigate the potential impact of these.
## **Public Benefit**
The Trustees have considered the guidance provided by the Charity Commission regarding public benefit and the work of the charity.
This report was approved by the Trustees on **26/11/21** and signed on their behalf by:
## **Penelope Ann Sutton (Trustee)**
**______________________________________________**
Page 3
## **THRIVE DEVON ANNUAL REPORT AND FINANCIAL STATEMENTS For the year ended 31 March 2021**
## **An Independent Examiner’s Report to the Trustees of Thrive Devon was not required**
**Statement of Financial Activities for the year ended 31 March 2021**
|**INCOME AND ENDOWMENTS**
From:
Donations
Charitable Activities
Interest Received
Total
**EXPENDITURE on:**
Charitable activities
Total
**Net Income**
Total Funds at 31st March 2021
**Total Funds Carried Forward at 31st**
**March 2021**|2021
2021
2020
Unrestricted
Funds
Restricted
Funds
Total
Total
£
£
£
£
0
0
0
0
0
0
0
0
0
0
0
0|
|---|---|
||0
0
0
0
0
0
0
0|
||0
0
0
0|
||0
0
0
0
0
0
0
0|
||0
0
0
0|
Page 4
## **THRIVE DEVON ANNUAL REPORT AND FINANCIAL STATEMENTS For the year ended 31 March 2021**
## **BALANCE SHEET AS AT 31 MARCH 2021**
|**CURRENT ASSETS**
Debtors
Cash at Bank
**CURRENT LIABILITIES**
Liabilities falling due within one year
Net Current Assets
**NET ASSETS**
**FUND BALANCES**
Unrestricted funds
General Funds
Restricted Funds|2021
2020
£
£
0
0
0
0|
|---|---|
||0
0|
||0
0|
||0
0|
||0
0|
||0 0|
Page 5
## **THRIVE DEVON ANNUAL REPORT AND FINANCIAL STATEMENTS For the year ended 31 March 2021**
|2021
2021
Unrestricted
Funds
Restricted
Funds
£
£
**Voluntary income**
Grants
0
0
General donations
0
0
tax Recoverable
0
0
0
0
**Income from Charitable Activities**
SHDC Housing Benefit
0
0
Service payments from residents
0
0
0
0
**Cost of Charitable Activities**
**Direct Charitable Costs**
Leasing Costs
0
0
Utilities and house
…Maintenance
0
0
Staff and Training Costs
0
0
Other Administrative Costs
0
0
Counselling
0
0
0
0
**Support & Administration**
Insurance
0
0
Independent Examination
0
0
Other Administrative Costs
0
0
**Total**
0 0
**Staff & Trustees**
The cost of employing staff in the year
Salary Costs|2021
2021
Unrestricted
Funds
Restricted
Funds
£
£
0
0
0
0
0
0|2021
2020
Total
Total
£
£
0
0
0
0
0
0|
|---|---|---|
||0
0|0
0|
||0
0
0
0|0
0
0 0|
||0
0|0 0|
||0
0
0
0
0
0
0
0
0
0|0
0
0
0
0
0
0
0
0
0|
||0
0|0
0|
||0
0
0
0
0
0|0
0
0
0
0
0|
||||
||0 0|0
0|
|||0
0|
|||0
0|
Page 6
## **THRIVE DEVON ANNUAL REPORT AND FINANCIAL STATEMENTS For the year ended 31 March 2021**
|**Debtors and**
**Prepayments**
Tax Recoverable
**Cash at Bank and in**
**Hand**
Bank Accounts
**Creditors: liabilities**
**falling due within one**
**year**
Creditors
Accruals|2021
2021
2021
2020
Unrestricted
Funds
Restricted
Funds
Total
Total
£
£
£
£
0
0
0
0|
|---|---|
||0
0
0
0|
||0
0
0
0|
|||
||0
0
0
0|
||0
0
0
0|
Accounts approved by the Trustees on **26/11/21** and signed on their behalf by:
## **Penelope Ann Sutton**
## **Trustee**
Page 7