**D2 YOUTH ZONE LIMITED** (A company limited by guarantee)
**REPORT AND FINANCIAL STATEMENTS For the year ended 31 March 2021**
**Charity Number 1048939 Company Number 03085535**
## **D2 YOUTH ZONE LIMITED**
(A company limited by guarantee)
## **ANNUAL REPORT AND FINANCIAL STATEMENTS**
For the year ended 31 March 2021
|**Contents**|**Page**|
|---|---|
|Trustees annual report|1 to 6|
|Independent examiners report|7|
|Statement of Financial Activities (including|8|
|income and expenditure account)||
|Balance sheet|9|
|Notes to the financial statements|10 to 17|
## **D2 Youth Zone Limited**
(A company limited by guarantee)
## **TRUSTEE ANNUAL REPORT**
For the year ended 31 March 2021
The trustees are pleased to present their annual trustees’ report together with the financial statements of the charity for the year ended 31 March 2021 which are also prepared to meet the requirements for a trustees’ report and accounts for Companies Act purposes.
The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)
## **1. Objectives and Activities**
To educate and assist young people between the ages of 14 and 25 resident on the Newbiggin Hall Estate, Newcastle upon Tyne, through their leisure time activities, so to develop in a holistic manner their physical, emotional and spiritual well-being so that they may grow to full maturity as individuals and members of society and that their conditions of life may be improved.
The main activities of the service are: detached youth work- taking the service to the young people, supporting the young people to find opportunities for employment, education and training, one to one and group work sessions at the charity’s premises dealing with issues such as sexual health and relationship education and referral to specialist services such as drug and alcohol advice.
## **2. Achievements and Performance**
Newbiggin Hall is a large mainly social housing estate on the Northwest outskirts of Newcastle upon Tyne. It is a place where people may not have the same opportunities afforded to them as those who live in more affluent areas.
For the last 26 years, D2 has provided help for young people that would not be otherwise available; on average thirty young people a day.
The present Board of Directors consists of individuals who do or have worked on the estate, have used the project as a young person or are residents of Newbiggin Hall. The Directors know that not only to the staff achieve the aims and objectives but also deliver much more.
The past year has been one, which has seen D2 rise to many challenges; because of the ongoing COVID-19 pandemic. The staff have diligently followed both government rules and recommended guidelines to continue to support the young people of the estate, whilst keeping themselves and others as safe as possible. This especially when delivering food packages or detached work.
1
## **D2 Youth Zone Limited**
(A company limited by guarantee)
## **TRUSTEE ANNUAL REPORT**
For the year ended 31 March 2021
Like many they have, when possible, worked from home, a lot can be achieved with a phone call: social media and Microsoft Teams have also become invaluable tools.
The Directors are very aware of our responsibility to ensure the viability of D2 and its future in these uncertain times; to avoid a significant shortfall in funding we decided to make one post redundant. This has as we suspected had no effect on the day-to-day work of the project.
Ian Smith Chair
## **3. Financial review**
## **Review of the year**
The results for the year and the company's financial position at the end of the year are shown in the attached financial statements.
During the year the Charity had income of £108,357 (2020: £114,371) of which £48,816 was restricted (2020: £68,007) and expenditure of £83,219 (2020: £91,985) of which £39,599 was restricted (2020: £57,794). There was an operating surplus of £25,138 (2020: surplus £22,386) of which £9,217 was restricted (2020: £10,213).
At 31 March 2021 the Charity had net assets of £83,077 (2020: £57,939) of which £19,430 was restricted (2020: £10,213).
## **Reserves policy**
The Trustees consider the level of reserves, £63,648 (2020: £47,726), prudent for the Charity at this time taking into account potential liabilities in the event that the charity ceased. Our Reserves Policy is reviewed annually.
## **4. Plans for future periods**
As a project which has remained a vital lifeline to young people and their families over this last year, we endeavor to continue to offer this level of support as the whole community slowly begins its recovery from the long-term effects of the pandemic.
We know young people have been hit hard during this period and are an age group who have made huge sacrifices. This in turn has directly impacted their ability to reach their full potential. Our work will focus heavily on supporting their:
- Mental and physical health,
- Education, training, and employment opportunities
2
## **D2 Youth Zone Limited**
(A company limited by guarantee)
## **TRUSTEE ANNUAL REPORT**
For the year ended 31 March 2021
As the influx of emergency funding, which was initially available to the voluntary sector, begins to slow, our efforts will focus on securing funding to enable us to continue to deliver youthwork.
We will continue to attract volunteers from the local community who will support paid staff to deliver a quality youth service.
We plan to take on an apprentice in the next financial year. The young person we employ will be under 25 years, known to the project, be local and show potential to become a youth worker in the future.
## **5. Preparation of the accounts on a going concern basis**
The financial statements have been prepared on a going concern basis. The Trustees have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment. In particular, in response to the COVID-19 pandemic, the Trustees have revised their forecasts to take into account the impact on the business of possible scenarios brought on by the impact of COVID-19, alongside the measures that they can take to mitigate the impact. Based on these assessments, given the measures that could be undertaken to mitigate the current adverse conditions, and the current resources available, the Trustees have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.
## **6. Reference and administrative details of the charity, its trustees and advisors**
|**Registered charity name**|D2 Youth Zone Limited|
|---|---|
|**Charity number**|1048939|
|**Company registration number**|03085535|
|**Registered office**|96-98 East Thorp|
||Newbiggin Hall Estate|
||Newcastle upon Tyne|
||Tyne and Wear|
||NE5 4JD|
3
## **D2 Youth Zone Limited**
(A company limited by guarantee)
**TRUSTEE ANNUAL REPORT** For the year ended 31 March 2021
## **6. Reference and administrative details of the charity, its trustees and advisors (continued)**
**Trustees and Members of the Board** S Hopper R Tulip (Vice Chair) I Smith (Chair) R D Percival S L Vincent (resigned 15.01.2020) Rev. A M Paterson (resigned 31.07.2020)
**Independent Examiner** Doug Maltman FMAAT Connected Voice Business Services ltd Higham House Higham Place Newcastle upon Tyne NE1 8AF
**Bankers** Barclays Bank PLC
## **7. Structure, governance and management**
## **Governing Document**
The organisation is a Charitable Company Limited by Guarantee. The Company was established under a Memorandum of Association, which established the objects and powers of the Charitable Company and is governed under its Articles of Association. In the event of a winding up any member (who is a director) undertakes to contribute to the payment of liabilities, such amount as may be required not exceeding the total of £1.
## **Recruitment and Appointment of the Board**
The Directors of the Company are also Trustees for the purposes of charity law and under the company's Articles are also its members. Under the requirements of the Memorandum and Articles of Association, at the Annual General Meeting one-third of the Directors, who are subject to retirement by rotation, shall retire. Retiring Directors can be re-appointed at the Annual General Meeting.
Trustees are selected on the basis of specialist skills and commitment to the objectives and aims of the organisation.
4
## **D2 Youth Zone Limited**
(A company limited by guarantee)
## **TRUSTEE ANNUAL REPORT**
For the year ended 31 March 2021
## **Board Induction and Training**
New Board Members are introduced to the work of the organisation and informed of their legal roles and responsibilities at an induction meeting. The induction and training programme for new Board Members includes:
- A briefing by the Chair or Chief Executive
- An explanation of roles and responsibilities as a Board Member
- Copies of the main company documents including the Memorandum and Articles of Association and the Financial Statements
- Copy of the business plan and most recent evaluation report
- Copies of recent Board papers including budgets and management accounts
- A copy of the Charity Commission publication "How to be an Effective Trustee"
- A copy of the governance structure.
## **Risk Management**
The Board is responsible for the management of the risks to which the Charity is exposed. A risk register is produced which considers financial, governance and delivery risks.
For each risk, the register identifies:
- Initial risk assessment in terms of impact and likelihood
- Initial risk rating
- Counter measures
- Responsibility / ownership
- Timescale
-
- Amended risk assessment in terms of impact and likelihood
- Amended risk rating
The Board reviews the risk register throughout the year. Through the counter measures put in place in the risk register and the regular reviews and updates, the Board is satisfied that the major risks identified have been adequately mitigated. It is recognised that this approach can only provide reasonable but not absolute assurance that major risks have been adequately managed.
5
## **D2 Youth Zone Limited**
(A company limited by guarantee)
## **TRUSTEE ANNUAL REPORT**
For the year ended 31 March 2021
## **8. Statement of Trustee Responsibilities**
The trustees, who are also directors for the purposes of company law, are responsible for preparing the Trustees’ Annual Report and the Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company Law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company and of incoming resources and application of resources, including the income and expenditure of the charitable company for that year. In preparing those financial statements, the trustees are required to:
- select suitable accounting policies and apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
-
The trustees are responsible for keeping accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Board on 11.08.2021 and signed on their behalf by:
R Percival (Treasurer)
6
## **D2 YOUTH ZONE LIMITED**
(A company limited by guarantee)
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES**
For the year ended 31 March 2021
I report on the financial statements of D2 Youth Zone Limited for the year ended 31 March 2021, which are set out on pages 7 to 17.
## **Respective responsibilities of trustees and examiner**
The charity's trustees (who are also directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 ("the Charities Act) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
- examine the accounts under section 145 of the Charities Act,
- to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act), and
- to state whether particular matters have come to my attention.
## **Basis of independent examiner's statement**
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
## **Independent examiner's statement**
In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:
- accounting records were not kept in accordance with section 386 of the Companies Act 2006; or
- the accounts do not accord with such records; or
- the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination; or
- the accounts have not been prepared in accordance with the Charities SORP (FRS102).
I have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Doug Maltman FMAAT Connected Voice Business Services Ltd Higham House Higham Place Newcastle upon Tyne NE1 8AF
Date: 11.08.2021
7
## **D2 YOUTH ZONE LIMITED**
(A company limited by guarantee)
## **STATEMENT OF FINANCIAL ACTIVITIES**
(INCLUDING SUMMARY INCOME & EXPENDITURE ACCOUNT)
For the year ended 31 March 2021
|6
7
8
**Expenditure on:**
9
**_Total funds carried forward_**
**Reconciliation of funds**
Total funds brought forward
Notes
**_Total income_**
Donations and legacies
**Income from:**
Investments
Charitable activities
Grants and contracts
Operation of the charity
**_Total expenditure_**
**_Net movement of funds_**
Charitable activities|Unrestricted
Funds
£
36,454
23,076
11
59,541
43,619
43,619
15,922
47,726
63,648|Restricted
Funds
£
14,300
34,516
-
48,816
39,599
39,599
9,217
10,213
19,430|**Total**
**2021**
**£**
**50,754**
**57,592**
**11**
**108,357**
**83,219**
**83,219**
**25,138**
**57,939**
**83,077**|Total
2020
£|
|---|---|---|---|---|
|||||19,816
94,513
42|
|||||114,371|
|||||91,985|
|||||91,985|
|||||22,386
35,553|
|||||57,939|
The Statement of Financial Activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities
The notes on pages 10 to 17 form an integral part of these accounts.
8
Charity Number 1048939 Company Number 03085535
## **D2 YOUTH ZONE LIMITED**
(A company limited by guarantee)
## **BALANCE SHEET**
As at 31 March 2021
|**Fixed assets**
Tangible assets
15
**_Total fixed assets_**
**Current assets**
Debtors
16
Cash at bank and in hand
17
**_Total current assets_**
**Creditors:**amounts falling due within
one year
18
**_Net current assets_**
**_Total net assets or liabilities_**
**Funds of the charity**
Unrestricted income funds
Restricted income funds
**_Total funds_**
Notes|**£**
10,438
73,617
**84,055**
**( 978 )**|**Total**
**2021**
**£**
-
**-**
**83,077**
**83,077**
63,648
19,430
**83,077**|**£**
3,593
55,361
**58,954**
**( 1,082 )**|**Total**
**2020**
**£**|
|---|---|---|---|---|
|||||67|
|||||**67**
**57,872**|
|||||**57,939**|
|||||47,726
10,213|
|||||**57,939**|
The company was entitled to an exemption from audit under s477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with the respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.
The notes on pages 10 to 17 form an integral part of these accounts.
These financial statements were approved by the Board on:
and are signed on its behalf by: R Percival 11.08.2021 Treasurer
9
## **D2 YOUTH ZONE LIMITED**
(A company limited by guarantee)
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 March 2021
## 1 **Accounting Policies**
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
## 2 **Basis of accounting**
## 2.1 **Basis of preparation**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The accounts have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) – Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
D2 Youth Zone Limited meets the definition of a public benefit entity under FRS 102.
## 2.2 **Preparation of the accounts on a going concern basis**
The charity reported total unrestricted funds at the year end of £63,648 and has already secured a significant amount of funding for the current year. The trustees are of the view that the immediate future of the charity for the next 12 months is secure and that on this basis the charity is a going concern. Due to the COVID-19 pandemic, it has put pressure on all businesses in 2020. It should be noted that the creditors are being paid when the payments are falling due.
## 3 **Income**
## 3.1 **Recognition of income**
Income is recognised when the charity has entitlement to the resources, any performance conditions attached to the item(s) of income have been met, it is more likely than not that the resources will be received and the monetary value can be measured with sufficient reliability
## 3.2 **Offsetting**
There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by FRS102 SORP or FRS102.
## 3.3 **Grants and donations**
Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
Income received in advance of the provision of a specified service is deferred until the criteria of income recognition are met.
## 3.4 **Volunteer help**
The value of volunteer help received is not included in the accounts but is described in the trustees' annual report.
10
## **D2 YOUTH ZONE LIMITED**
(A company limited by guarantee)
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 March 2021
## 3.5 **Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.
## 3.6 **Fund accounting**
Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the
## 4 **Expenditure and liabilities**
## 4.1 **Liability recognition**
Liabilities are recognised when it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
## 4.2 **Charitable activities**
Expenditure on charitable activities includes the costs of work and other activities undertaken to further the purposes of the charity and their associated support costs.
## 4.3 **Governance and support costs**
Support costs have been allocated between governance cost and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources.
## 4.4 **Irrecoverable VAT**
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
## 4.5 **Creditors**
The charity has creditors which are measured at settlement amounts less any trade discounts.
## 4.6 **Provisions for liabilities**
A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date.
## 5 **Assets**
## 5.1 **Tangible fixed assets for use by the charity**
Individual fixed assets costing £1,000 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a straight line basis, the charity does not currently have any tangible fixed
Fixture, fittings and equipment
Straight line over five years
11
## **D2 YOUTH ZONE LIMITED**
(A company limited by guarantee)
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 March 2021
## **Analysis of income**
|6
7
8|**Donations and legacies**
**Charitable activities**
Income from grants
Newcastle Fund
**Income from investments**
Other
Donations and gifts
- Hadrian trust
- Joseph Frazer Strong
- Northumbria Police
- Violence Reduction Unit
- R W Mann
- Harrison Foundation
- Community Foundation
- Newcastle City Council
- Sir James Knott
- Big Lottery Fund
- Newcastle Best Summer ever
Bank interest
NCC Ward Committee/Woolsington
HMRC Job Retension Scheme Grant
BBC Children in Need
Ballinger Trust
- One family Foundation
- Police Commissioner's Fund
- True Potential
General grants:|Unrestricted
Funds
£
5
1,000
1,000
2,904
968
-
5,000
1,151
-
3,000
950
15,000
-
2,520
2,787
170
36,454
-
7,576
-
15,500
-
23,076
11
11|Restricted
Funds
£
-
-
-
-
-
1,000
-
-
800
-
-
-
12,500
-
-
-
14,300
-
-
34,516
-
-
34,516
-
-|**Total**
**2021**
**£**
**5**
**1,000**
**1,000**
**2,904**
**968**
**1,000**
**5,000**
**1,151**
**800**
**3,000**
**950**
**15,000**
**12,500**
**2,520**
**2,787**
**170**
**50,754**
**-**
**7,576**
**34,516**
**15,500**
**-**
**57,592**
**11**
**11**|Total
2020
£|
|---|---|---|---|---|---|
||||||63
-
1,000
-
-
1,500
-
-
2,000
-
253
15,000
-
-
-
-|
||||||19,816|
||||||3,020
-
33,537
28,006
29,950|
||||||94,513|
||||||42|
||||||42|
Income was £108,357 (2020: £114,371) of which £59,541 was unrestricted or designated (2020: £46,364) and £48,816 was restricted (2020: £68,007)
12
## **D2 YOUTH ZONE LIMITED**
(A company limited by guarantee)
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 March 2021
## **Analysis of expenditure on charitable activities**
|9|**_Charitable activities_**
Direct costs
Support costs
Governance costs
Stationery/postage
Photocopier
Phone/fax
IT
Membership fees
Staff travel
Staff training
Payroll fees
Activity costs
Other expenses
Security
Cleaning, repairs and maintenance
Heat, light and water
Salaries
Pensions
Sessional workers
Volunteer expenses
Redundancy payment
Depreciation
Insurance
Independent examiner's fees for reporting on
the accounts|Unrestricted
Funds
£
20,718
7,979
4,181
2,077
-
106
500
613
177
171
107
87
2,236
955
19
116
902
1,229
550
67
828
43,619|Restricted
Funds
£
33,445
-
-
-
-
-
-
-
6,154
-
-
-
-
-
-
-
-
-
-
-
-
39,599|**Total**
**2021**
**£**
**54,163**
**7,979**
**4,181**
**2,077**
**-**
**106**
**500**
**613**
**6,331**
**171**
**107**
**87**
**2,236**
**955**
**19**
**116**
**902**
**1,229**
**550**
**67**
**828**
**83,219**|Total
2020
£|
|---|---|---|---|---|---|
||||||67,010
-
5,185
-
57
209
252
431
12,021
686
85
144
2,348
910
113
504
1,069
-
-
133
828|
||||||91,985|
Expenditure on charitable activities was £83,219 (2020: £91,985) of which £43,619 was unrestricted or designated (2020: £34,191) and £39,599 was restricted (2020: £57,794)
## 10 **Fees for examination of the accounts**
|Other accountancy services paid to the examiner
Independent examiner's fees for reporting on the accounts|**2021**
**£**
**828**
**613**
**1,441**|2020
£|
|---|---|---|
|||828
431|
|||1,259|
13
## **D2 YOUTH ZONE LIMITED**
(A company limited by guarantee)
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 March 2021
## 11 **Analysis of staff costs and the cost of key management personnel**
|Salaries and wages
Social security costs
Pension costs (defined contribution pension plan)
Redundancy payment|**2021**
**£**
**54,163**
**7,979**
**393**
**4,181**
**66,716**|2020
£|
|---|---|---|
|||64,632
-
2,378
5,185|
|||72,195|
No employee received remuneration above £60,000 (2020: nil)
The key management personnel of the charity, comprise the trustees and the Project Manager . The total employee benefits of the key management personnel of the charity were £29,038 (2020: £29,231).
## 12 **Staff numbers**
The average monthly head count was 3 staff (2020: 3 staff) and the average monthly number of full-time equivalent employees during the year were as follows:
|Charitable activities
The parts of the charity in which the employee's work|**2021**
**Number**
**1.5**
**1.5**|2020
Number|
|---|---|---|
|||2.5|
|||2.5|
## 13 **Transactions with trustees**
None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity.
## **Trustees' expenses**
No trustee expenses have been incurred in the year.
## **Transaction(s) with related parties**
There have been no related party transactions in the reporting period.
## 14 **Defined contribution pension scheme**
The charity operates a defined contribution pension scheme. The assets of the scheme are held separately
from those of the charity in an independently administered fund.
The employer's pension costs represent contributions payable by the charity to the fund and amount to £4,181 (2020: £5,185). There was £0 outstanding as at 31 March 2021 (2020: £0)
14
## **D2 YOUTH ZONE LIMITED**
(A company limited by guarantee)
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 March 2021
|15 **Tangible fixed assets**
**Cost**
Balance brought forward
Additions
Disposals
**Balance carried forward**
**Depreciation**
Basis
Rate
Balance brought forward
Depreciation charge for year
Disposals
**Balance carried forward**
**Net book value**
**Brought forward**
**Carried forward**
16 **Debtors and prepayments (receivable within 1 year)**
17
Short term deposits
Cash at bank
18
Independent examination of accounts
Accruals
**Cash at bank and in hand**
Other accruals
**Creditors and accruals (payable within 1 year)**
Trade debtors
Salary holding account|**2021**
**£**
**10,272**
**166**
**10,438**
**2021**
**£**
**26,001**
**47,616**
**73,617**
**2021**
**£**
**828**
**150**
**978**|**Fixture,**
**fittings and**
**equipment**
**£**
666
-
-
666
SL
20%
599
67
-
666
67
-
2020
£
3,593
-
3,593
2020
£
23,019
32,342
55,361
2020
£
828
254
1,082|**Total**
**£**|
|---|---|---|---|
||||**666**
**-**
**-**|
||||**666**|
||||**599**
**67**
**-**|
||||**666**|
|||||
||||**67**|
|||||
||||**-**|
|||||
15
## **D2 YOUTH ZONE LIMITED**
(A company limited by guarantee)
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 March 2021
## 19 **Events after the end of the reporting period**
Due to the COVID-19 pandemic, it has put pressure on all businesses in 2020-21. It should be noted that the creditors are being paid when the payments are falling due. No other significant events affecting the Company since the year end.
## 20 **Analysis of charitable funds**
## **Analysis of movements in unrestricted funds**
|**Unrestricted funds**
General unrestricted fund
Designated funds
Contingency Fund
**_Totals_**|**Fund**
**balances**
**brought**
**forward**
£
34,172
13,554
47,726|**Incoming**
**resources**
£
59,541
-
59,541|**Resources**
**expended**
£
( 43,619 )
-
(43,619)|**Transfers**
£
-
-
-|**Fund**
**balances**
**carried**
**forward**
**£**|
|---|---|---|---|---|---|
||||||**50,094**
**13,554**|
||||||**63,648**|
## **Purpose of unrestricted funds**
General unrestricted fund The 'free reserves' of the charity Designated funds To cover unexpected costs incurred.
## **Analysis of movement in restricted funds**
|**Restricted funds**
BBC Children in Need
Newcastle Fund
R W Mann
Police Commissioner's Fund
Big Lottery Fund
**_Totals_**|**Fund**
**balances**
**brought**
**forward**
£
4,306
4,407
1,500
-
-
10,213|**Incoming**
**resources**
£
34,516
-
1,000
800
12,500
48,816|**Resources**
**expended**
£
( 29,038 )
( 4,407 )
-
( 800 )
( 5,354 )
(39,599)|**Transfers**
£
-
-
-
-
-
-|**Fund**
**balances**
**carried**
**forward**
**£**|
|---|---|---|---|---|---|
||||||**9,784**
**-**
**2,500**
**-**
**7,146**|
||||||**19,430**|
## **Purpose of restricted funds**
Restricted funds represent income resources used for a specific purpose within the charity as identified by the donor.
BBC Children in Need Newcastle Fund R W Mann Police Commissioner's Fund Big Lottery Fund
To cover the staffing costs of the Project Manager. To cover the staffing costs of D2 Youth Zone Limited. Breaking Bread Project funds. Funds to support holiday activities. To support young people during Covid-19 pandemic.
16
## **D2 YOUTH ZONE LIMITED**
(A company limited by guarantee)
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 March 2021
## 21 **Capital commitments**
As at 31 March 2021, the charity had no capital commitments (2020 -£nil)
## 22 **Analysis of net assets between funds**
|**nalysis of net assets between funds**|||||
|---|---|---|---|---|
|Other net current assets/(liabilities)
Cash at bank and in hand
Tangible fixed assets|Unrestricted
Funds
£
-
54,187
9,460
63,647|Restricted
Funds
£
-
19,430
-
19,430|**Total**
**2021**
**£**
**-**
**73,617**
**9,460**
**83,077**|**Total**
**2020**
**£**|
|||||**67**
**55,361**
**2,511**|
|||||**57,939**|
17