**REGISTERED COMPANY NUMBER: 06332726 (England and Wales) REGISTERED CHARITY NUMBER: 1102656** 

**REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 FOR DROP ZONE YOUTH PROJECTS LTD.** 

J F Hornby & Co Chartered Accountants The Tower Daltongate Business Centre Daltongate Ulverston Cumbria LA12 7AJ 



**DROP ZONE YOUTH PROJECTS LTD.** 

## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022** 

||**Page**|
|---|---|
|**Report of the Trustees**|1 to  4|
|**Independent Examiner's Report**|5|
|**Statement of Financial Activities**|6|
|**Balance Sheet**|7 to  8|
|**Notes to the Financial Statements**|9 to  13|
|**Detailed Statement of Financial Activities**|14 to  15|





## **DROP ZONE YOUTH PROJECTS LTD.** 

## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022** 

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2022. The trustees have adopted the provisions of 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). 

## **OBJECTIVES AND ACTIVITIES** 

## **Objectives and aims** 

The objects of the charity as contained within its trust constitution is to educate young people through their leisure time activities so to develop their physical, mental and spiritual capacities that they may grow to full maturity as individuals and members of society. 

The charity also works closely with schools and children's services to enable the charity to reach young people who are identified as being at risk of exclusion or are not currently on roll at school. The charity provides an alternative education facility, which has identified that this group of young people have very limited access to sports and recreation facilities and often have complex needs including mental health issues. The charity aims to support young people to understand triggers and the pressure of their daily lives which in some circumstances can be chaotic and to teach stress management methods. 

The charity aims to promote activities to raise the aspirations of young people, helping those to gain access to services, advice and guidance. 

## **Public benefit** 

The trustees confirm that they have complied with their duty under section 4(2) of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission and consider that the pursuit of the association's aims through the activities described above is consistent therewith. 

Page 1 



**DROP ZONE YOUTH PROJECTS LTD.** 

## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022** 

## **ACHIEVEMENT AND PERFORMANCE Charitable activities** 

Whilst 2020 seemed to be a roller coaster 2021 started again with a lockdown and caused us to pick up where we left off in 2020. With a gradual lifting of restriction throughout the year our staff coped remarkably well throughout. Funding increased and helped put us on a viable footing with many of our supporters stepping up during this period to ensure that our young people were not disadvantaged. 

The organisation led by Cath and Sue performed minor miracles in this area. Amongst them were negotiations with Barrow Borough Council in purchasing Lakeland House and leasing it to ourselves which allowed us to move out of Bath Street to a more central location. The premises at the Market were returned to the Council. Lakeland House is a far more suitable location, and the intention is that it will become a multi-agency premises to be able to support young people in the region, thus making it easier to tailor total solutions for them. 

This could be a new phase in helping our area to improve the outcomes for those that desperately need them. The organisation is currently in a strong financial position, but we are aware that funding can be very volatile, and we cannot be complacent. In this we have a strong Financial Controller who has introduced measures that allow close monitoring of our finances. Alongside this we would like to thank J F Hornby & Co who have looked after our accounts extremely well over the past few years. 

In the next year we will be introducing measures to strengthen our support for the Management and staff. 

Finally, I would like to pay tribute to our trustees for their continued support, our management team and to the staff for their dedication, hard work and tireless dedication to the ideals, aims and objectives of the Drop Zone. I would also like to take this opportunity to thank all our funders who have supported us throughout 2021. 

## YOUTH WORK DELIVERY 

2021 was again a bit of an up and down year in terms of our delivery but we managed to still offer provision through both detached and centre based working. We have undertaken several multi agency detached nights with our local partners which have been able to steer a lot of our local delivery. It is very important that our young people are involved in developing their own provision so positive outcomes are achieved. Our young people in Askam suggested, planned and undertook a project within the local graveyard to tidy up certain areas, this was supported by the local vicar and community. They, alongside young people from Dalton have also engaged in 6 weeks programs with local DJ's JD & Swerve, learning about music production, lyric writing and mixing. We were successful in securing funding from Cumbria Community Foundation to renovate a part of Dalton Station alongside Network Rail and Dalton Town Tidy Group. This will be one of our main projects moving into 2022. All our young people who access our youth work provision have taken part in Scarecrow Avenue, designing and creating their own Scarecrows to display and have had the opportunity to access the Battlestation Bus from Blackpool which offers children and young people a unique gaming opportunity. This was a really positive piece of partnership work between Drop Zone, Youthability and Furness Young Carers. The gaming theme continued with a bespoke gaming, pilot project alongside Cumbria County Council, Dalton community Association, DZ and Devoke Studios, offering young people the opportunity to learn basic coding and gaming. The pilot ran for 4 weeks in November and December and was really successful. We will be looking at developing this project this year. We moved into our new premises last September which enabled us to facilitate both our LGBTQ+ groups from Lakeland House. Our groups settled in very well and have been really busy yarn bombing, planning Furness Pride and continuing the BAFTA Award which offers organisations the opportunity to sign up to an inclusivity charter for Trans Awareness. This has been really positive with 44 organisations signing up in 2021. We also were able to take our groups up to Carlisle for Cumbria Pride and host Tabby Lamb in our building, who delivered an amazing creative writing workshop. We also hosted another amazing Pride event in May online, involving other organisations, communities and artists. The event wouldn't have happened without the support of the Forum and Barra Culture who helped create an amazing online event and rainbowed ginnel. Youth Work is a recognised profession and has it's own curriculum, highlighting how important it is for young people's development. 2022 holds a lot of opportunities for DZ and it's partners and we are looking forward to a positive year. 

## EDUCATION 

Page 2 



## **DROP ZONE YOUTH PROJECTS LTD.** 

## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022** 

Our extended education provision, again, has continued, throughout more lockdowns. We have facilitated face to face delivery throughout the year so all young people receive the support they need. We have supported over 30 young people in 2021, most referred into us from local secondary schools but we also strive to support young people who are home educated and looked after. All our young people have undertaken their Functional Skills assessments and have worked really hard to achieve accredited outcomes. Our year 11's left us in the summer term and have moved on to post 16 provision successfully. Funded by the HAF through our County Council, we were able to put a bespoke package together over the summer holidays to support transitions. We worked closely with our partners and were able to offer Functional Skills, Young firefighters, Photography, Gardening and SEN support. This project was really positive and gave young people essential skills to move on. Alongside delivering the school curriculum we also recognise the importance of the transferrable life skills so our young people have the tools to become rounded adults. With this in mind our amazing staff have delivered projects around mental health and well being in Mental Health Awareness week. They have helped develop resources for Anti Bullying week, Alcohol Awareness week and were able to spend a day at Kepplewray, which was really positive. Before the summer term ended, ourselves and the local PRU had concerns about and increase in young people carrying knives for protection and felt that it needed addressing. Very quickly we pulled together a 6 week pilot alongside our local Child Centred Policing Team, the NHS and a local teacher who had experience of the devastating effects of knife crime, and delivered it in Furness Academy. It was really successful so we continued to deliver from September in other local Secondary's and some Primary's. Through this work we were able to secure funding to develop a resource and have also organised a visit from the Knife Angel in January 2022. This highlights the importance of preventative education and if funding allows we want to be able to sustain this long term. We have had a few staff changes in 2021, losing some really valued members of the team but also gaining some. All our staff, again, work tirelessly to support young people and we can never thank them enough. Our gratitude extends to all our schools and the Local Authority for continuing to support our bespoke provision and last but no means least our parents and amazing young people. Here's to 2022. 

## **FINANCIAL REVIEW** 

## **Financial position** 

The finances show that we have a restricted reserve that will cover all our commitments and supports the reserves policy, and an unrestricted reserve that allows us to have a small amount of flexibility whilst pursuing new funding. 

## **Reserves policy** 

It is the trustees policy that unrestricted reserves should cover six months operating costs.  The unrestricted reserves at 31st December 2021 and 31st December 2020 exceeded the policy requirement. 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document** 

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. 

Drop Zone Youth Projects Ltd was incorporated on  3rd August 2007. The activities of the charitable company were previously carried out by Drop Zone Youth Projects, an unincorporated charity registered 16th March 2004. On 3rd August 2007 the activities of the unincorporated charity, together with its entire assets and liabilities were transferred to the new charitable company. 

The charity is a private company limited by guarantee. Each trustee is a member of the company. The members have guaranteed the liability of the company to a limit of £1 each. 

## **Recruitment and appointment of new trustees** 

New Trustees are appointed by the Board of Trustees at the Annual General Meeting and serve until they resign or retire. The existing Trustees ensure that new Trustees have the necessary skills to contribute to the Charity's management and development. 

## **Risk management** 

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. 

Page 3 



**DROP ZONE YOUTH PROJECTS LTD.** 

## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022** 

## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number** 06332726 (England and Wales) 

**Registered Charity number** 1102656 

## **Registered office** 

Lakeland House Abbey Road Barrow in Furness Cumbria LA14 1XL 

## **Trustees** 

Mr M C Cumming Ms K Hanks Mr R O'Connor Mr D Coverdale Mr A Callister Director (appointed 10.1.22) Mrs C Vernon (appointed 11.2.22) 

## **Company Secretary** 

## **Independent Examiner** 

J F Hornby, FCA FCA J F Hornby & Co Chartered Accountants The Tower Daltongate Business Centre Daltongate Ulverston Cumbria LA12 7AJ 

## **Bankers** 

HSBC Bank plc 104 Duke Street Barrow in Furness Cumbria LA14 0LR 

Approved by order of the board of trustees on 10 April 2023 and signed on its behalf by: 

Mr M C Cumming - Trustee 

Page 4 



**INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF DROP ZONE YOUTH PROJECTS LTD.** 

## **Independent examiner's report to the trustees of Drop Zone Youth Projects Ltd. ('the Company')** 

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2022. 

## **Responsibilities and basis of report** 

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). 

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. 

## **Independent examiner's statement** 

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of FCA which is one of the listed bodies. 

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 

2. the accounts do not accord with those records; or 

3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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 

4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). 

I have no concerns and 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. 

J F Hornby, FCA FCA J F Hornby & Co Chartered Accountants The Tower Daltongate Business Centre Daltongate Ulverston Cumbria LA12 7AJ 

10 April 2023 

Page 5 



## **DROP ZONE YOUTH PROJECTS LTD.** 

## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022** 

|Unrestricted<br>funds<br>Notes<br>£<br>**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>1,959<br>**Charitable activities**<br>Youth Activities and Services<br>84,526<br>Other trading activities<br>2<br>1,750<br>Investment income<br>3<br>236<br>**Total**<br>88,471<br>**EXPENDITURE ON**<br>**Charitable activities**<br>Youth Activities and Services<br>97,446<br>**NET INCOME/(EXPENDITURE)**<br>(8,975)<br>**RECONCILIATION OF FUNDS**<br>Total funds brought forward<br>120,233<br>**TOTAL FUNDS CARRIED FORWARD**<br>111,258|Restricted<br>fund<br>£<br>2<br>230,087<br>-<br>-<br>230,089<br>199,330<br>30,759<br>177,484<br>208,243|31.12.22<br>31.12.21<br>Total<br>Total<br>funds<br>funds<br>£<br>£<br>1,961<br>1,465<br>314,613<br>278,682<br>1,750<br>578<br>236<br>10<br>318,560<br>280,735<br>296,776<br>262,063<br>21,784<br>18,672<br>297,717<br>279,045<br>319,501<br>297,717|31.12.22<br>31.12.21<br>Total<br>Total<br>funds<br>funds<br>£<br>£<br>1,961<br>1,465<br>314,613<br>278,682<br>1,750<br>578<br>236<br>10<br>318,560<br>280,735<br>296,776<br>262,063<br>21,784<br>18,672<br>297,717<br>279,045<br>319,501<br>297,717|
|---|---|---|---|
||||280,735|
||||262,063|
||||18,672<br>279,045|
||||297,717|



The notes form part of these financial statements 

Page 6 



## **DROP ZONE YOUTH PROJECTS LTD.** 

## **BALANCE SHEET 31 DECEMBER 2022** 

|Unrestricted<br>funds<br>Notes<br>£<br>**FIXED ASSETS**<br>Tangible assets<br>7<br>805<br>**CURRENT ASSETS**<br>Debtors<br>8<br>16,037<br>Cash at bank and in hand<br>95,970<br>112,007<br>**CREDITORS**<br>Amounts falling due within one year<br>9<br>(1,553)<br>**NET CURRENT ASSETS**<br>110,454<br>**TOTAL ASSETS LESS CURRENT**<br>**LIABILITIES**<br>111,259<br>**NET ASSETS**<br>111,259<br>**FUNDS**<br>10<br>Unrestricted funds<br>Restricted funds<br>**TOTAL FUNDS**|Restricted<br>fund<br>£<br>307<br>10,000<br>197,935<br>207,935<br>-<br>207,935<br>208,242<br>208,242|31.12.22<br>Total<br>funds<br>£<br>1,112<br>26,037<br>293,905<br>319,942<br>(1,553)<br>318,389<br>319,501<br>319,501<br>111,259<br>208,242<br>319,501|31.12.21<br>Total<br>funds<br>£<br>3,109<br>26,776<br>270,921<br>297,697<br>(3,089)<br>294,608<br>297,717<br>297,717<br>120,233<br>177,484<br>297,717|
|---|---|---|---|



The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022. 

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006. 

The trustees acknowledge their responsibilities for 

- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and 

- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. 

The notes form part of these financial statements 

continued... 

Page 7 



## **DROP ZONE YOUTH PROJECTS LTD.** 

## **BALANCE SHEET - continued 31 DECEMBER 2022** 

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. 

The financial statements were approved by the Board of Trustees and authorised for issue on 10 April 2023 and were signed on its behalf by: 

Mr M C Cumming - Trustee 

The notes form part of these financial statements 

Page 8 



**DROP ZONE YOUTH PROJECTS LTD.** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022** 

## **1. ACCOUNTING POLICIES** 

## **Basis of preparing the financial statements** 

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. 

## **Income** 

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. 

Grants received are credited to profit and loss account in the financial period in which they are received. 

## **Expenditure** 

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. 

## **Tangible fixed assets** 

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. 

Fixtures and fittings -  20% on cost Computer equipment -  33% on cost 

## **Taxation** 

As a charity, Drop Zone Youth Projects Ltd is exempt from tax on income and gains falling within sections 472-474 of the Corporation Tax Act 2010, sections 478-489 of the Corporation Tax Act 2010, or section 258 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the Charity. 

## **Fund accounting** 

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. 

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. 

## **Pension costs and other post-retirement benefits** 

The charitable company operates a defined contribution pension scheme.  Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. 

continued... 

Page 9 



## **DROP ZONE YOUTH PROJECTS LTD.** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022** 

## **2. OTHER TRADING ACTIVITIES** 

|**2.**|**OTHER TRADING ACTIVITIES**|||
|---|---|---|---|
|||31.12.22|31.12.21|
|||£|£|
||Room hire|1,568|300|
||Sundry receipts|182|278|
|||1,750|578|
|**3.**|**INVESTMENT INCOME**|||
|||31.12.22|31.12.21|
|||£|£|
||Deposit account interest|236|10|
|**4.**|**NET INCOME/(EXPENDITURE)**|||
||Net income/(expenditure) is stated after charging/(crediting):|||
|||31.12.22|31.12.21|
|||£|£|
||Depreciation - owned assets|2,476|3,212|



## **5. TRUSTEES' REMUNERATION AND BENEFITS** 

There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021. 

## **Trustees' expenses** 

There were no  trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021. 

## **6. STAFF COSTS** 

The average monthly number of employees during the year was as follows: 

||31.12.22|31.12.21|
|---|---|---|
|Staff|11|12|



No employees received emoluments in excess of £60,000. 

continued... 

Page 10 



## **DROP ZONE YOUTH PROJECTS LTD.** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022** 

## **7. TANGIBLE FIXED ASSETS** 

|Fixtures<br>and<br>fittings<br>£<br>**COST**<br>At 1 January 2022<br>721<br>Additions<br>-<br>At 31 December 2022<br>721<br>**DEPRECIATION**<br>At 1 January 2022<br>288<br>Charge for year<br>145<br>At 31 December 2022<br>433<br>**NET BOOK VALUE**<br>At 31 December 2022<br>288<br>At 31 December 2021<br>433<br>**8.**<br>**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**<br>Trade debtors<br>Other debtors<br>**9.**<br>**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**<br>Trade creditors<br>Other creditors<br>Accruals and deferred income<br>**10.**<br>**MOVEMENT IN FUNDS**<br>At 1.1.22<br>£<br>**Unrestricted funds**<br>General fund<br>120,233<br>**Restricted funds**<br>Restricted<br>177,484<br>**TOTAL FUNDS**<br>297,717|Computer<br>equipment<br>£<br>61,381<br>479<br>61,860<br>58,705<br>2,331<br>61,036<br>824<br>2,676<br>31.12.22<br>£<br>26,037<br>-<br>26,037<br>31.12.22<br>£<br>432<br>-<br>1,121<br>1,553<br>Net<br>movement<br>in funds<br>£<br>(8,974)<br>30,758<br>21,784|Totals<br>£<br>62,102<br>479<br>62,581<br>58,993<br>2,476<br>61,469<br>1,112<br>3,109<br>31.12.21<br>£<br>21,760<br>5,016<br>26,776<br>31.12.21<br>£<br>2,557<br>532<br>-<br>3,089<br>At<br>31.12.22<br>£<br>111,259<br>208,242<br>319,501|
|---|---|---|



continued... 

Page 11 



## **DROP ZONE YOUTH PROJECTS LTD.** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022** 

## **10. MOVEMENT IN FUNDS - continued** 

Net movement in funds, included in the above are as follows: 

|**Unrestricted funds**<br>General fund<br>**Restricted funds**<br>Restricted<br>**TOTAL FUNDS**|Incoming<br>resources<br>£<br>88,471<br>230,089<br>318,560|Resources<br>Movement<br>expended<br>in funds<br>£<br>£<br>(97,445)<br>(8,974)<br>(199,331)<br>30,758<br>(296,776)<br>21,784|
|---|---|---|



## **Comparatives for movement in funds** 

|At 1.1.21<br>£<br>**Unrestricted funds**<br>General fund<br>119,247<br>**Restricted funds**<br>Restricted<br>159,798<br>**TOTAL FUNDS**<br>279,045<br>Comparative net movement in funds, included in the above are as follows:<br>Incoming<br>resources<br>£<br>**Unrestricted funds**<br>General fund<br>102,768<br>**Restricted funds**<br>Restricted<br>177,967<br>**TOTAL FUNDS**<br>280,735|Net<br>movement<br>At<br>in funds<br>31.12.21<br>£<br>£<br>986<br>120,233<br>17,686<br>177,484<br>18,672<br>297,717<br>Resources<br>Movement<br>expended<br>in funds<br>£<br>£<br>(101,782)<br>986<br>(160,281)<br>17,686<br>(262,063)<br>18,672|
|---|---|



continued... 

Page 12 



**DROP ZONE YOUTH PROJECTS LTD.** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022** 

## **10. MOVEMENT IN FUNDS - continued** 

A current year 12 months and prior year 12 months combined position is as follows: 

|**Unrestricted funds**<br>General fund<br>**Restricted funds**<br>Restricted<br>**TOTAL FUNDS**|At 1.1.21<br>£<br>119,247<br>159,798<br>279,045|Net<br>movement<br>in funds<br>£<br>(7,988)<br>48,444<br>40,456|At<br>31.12.22<br>£<br>111,259<br>208,242<br>319,501|
|---|---|---|---|



A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: 

|**Unrestricted funds**<br>General fund<br>**Restricted funds**<br>Restricted<br>**TOTAL FUNDS**|Incoming<br>resources<br>£<br>191,239<br>408,056<br>599,295|Resources<br>Movement<br>expended<br>in funds<br>£<br>£<br>(199,227)<br>(7,988)<br>(359,612)<br>48,444<br>(558,839)<br>40,456|
|---|---|---|



## **11. RELATED PARTY DISCLOSURES** 

There were no related party transactions for the year ended 31 December 2022. 

## **12. GENERAL INFORMATION** 

Drop Zone Youth Projects Ltd is a company limited by guarantee and incorporated in England. It's registered office is Lakeland House, Abbey Road, Barrow In Furness, Cumbria, United Kingdom, LA14 1XL. 

The financial statements are presented in sterling, which is the functional currency of the company. 

Page 13 



## **DROP ZONE YOUTH PROJECTS LTD.** 

## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022** 

||31.12.22|31.12.21|
|---|---|---|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Donations|1,961|1,463|
|Legacies|-|2|
||1,961|1,465|
|**Other trading activities**|||
|Room hire|1,568|300|
|Sundry receipts|182|278|
||1,750|578|
|**Investment income**|||
|Deposit account interest|236|10|
|**Charitable activities**|||
|Youth work|84,526|81,935|
|Secondment|19,366|-|
|Grants|210,721|196,747|
||314,613|278,682|
|**Total incoming resources**|318,560|280,735|
|**EXPENDITURE**|||
|**Charitable activities**|||
|Wages|184,190|155,745|
|Social security|9,421|7,200|
|Pensions|3,346|2,751|
|Catering|717|665|
|Travelling|881|173|
|Youth days and activities|16,916|23,686|
|Sub-contractors|39,528|5,260|
||254,999|195,480|
|**Support costs**|||
|**Management**|||
|Rent and rates|3,848|8,897|
|Insurance|3,640|1,606|
|Light and heat|7,545|1,341|
|Telephone|5,146|2,600|
|Postage and stationery|1,298|1,093|
|Advertising|2,072|1,116|
|Carried forward|23,549|16,653|



This page does not form part of the statutory financial statements 

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## **DROP ZONE YOUTH PROJECTS LTD.** 

|**DETAILED STATEMENT OF FINANCIAL ACTIVITIES**|**DETAILED STATEMENT OF FINANCIAL ACTIVITIES**||
|---|---|---|
||**FOR THE YEAR ENDED 31 DECEMBER 2022**||
||31.12.22|31.12.21|
||£|£|
|**Management**|||
|Brought forward|23,549|16,653|
|Sundries|156|366|
|Accountancy fees|2,690|377|
|Legal and professional fees|174|2,525|
|Repairs|1,545|1,235|
|Refuse removal|119|667|
|Staff training|1,856|-|
|Subscriptions|2,088|2,166|
|Computer expenses|3,683|2,407|
|Cleaning|1,227|2,185|
|Donations|2,140|34,688|
|Fixtures and fittings|144|144|
|Computer equipment|2,331|3,068|
||41,702|66,481|
|**Finance**|||
|Bank charges|75|102|
|Total resources expended|296,776|262,063|
|**Net income**|21,784|18,672|



This page does not form part of the statutory financial statements 

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