2021-03-31-accounts - Youth Federation Limited

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					Page
Charity Information
Chairman's	Report
Trustees' Report					3-13
Independent	Auditor's Report				14-16
Consolidated	Statement	of Financial	Activities
Comparitive	Consolidated	Statement	of Financial	Actwrties	18
Consolidated	and Charity	Balance Sheets			19
Company Balance Sheet					20
Consohdated	Statement	of Cash Flows			21
Notes to the	Consolidated	Financial	Statements		22-41

					2021		2020
				Unrestricted	Restricted	Total	Total
				Funds	Funds	Funds	Funds
				6	6	6	6
INCOME
Donations and legacies			2.		133,150	133,150	26,353
Income from investments			3.		385	385	864
Income from charitable	actwities		4.	1,516,219	677,380	2,193,599	2,280,822
Other income			5.	45,755	24,333	70,088	37,341
TOTAL INCOME				1,561,974	835,248	2,397,222	2,345,380
EXPENDITURE
Expenditure on charitable		activities	6.	1,440,712	626,024	2,066,736	2,347,438
Other expenditure
Other finance costs			19210.	3,358	1,000	4,358	2,000
TOTAL EXPENDITURE				1,444,070	627,024	2,071,094	2,349,438
NET INCOMEI(EXPENDITURE)				117,904	208,224	326,128	(4,058)
OTHER RECOGNISED	GAINS AND
LOSSES
Actuanal gains or (losses) benefit pension schemes		on defined	10.		~4t, ooo	~4t, ooo	29,000
NET MOVEMENT IN FUNDS				117,904	167,224	285,128	24,942
RECONCILIATION OF	FUNDS
Total funds brought forward				81,685	940,889	1,022,574	997,632
TOTAL FUNDS CARRIED		FORWARD	22.	199,589	1,108,113	1,307,702	1,022,574

					2020
				Unrestricted	Restricted	Total
				Funds	Funds	Funds
				E	8	f
INCOME
Donations and legacies			2.	500	25,853	26,353
Income from investments			3.		864	864
Income from charitable	activities		4,	771,146	1,509,676	2,280,822
Other income			5.	18,699	18,642	37,341
TOTAL INCOME				790,345	1,555,035	2,345,380
EXPENDITURE
Expenditure on chantable		activities		810,642	1,536,796	2,347,438
Other expenditure
Other finance costs			19J10.		2,000	2,000
TOTAL EXPENDITURE				810,642	1 538,796	2,349,438
NET INCOMEI(EXPENDITURE)				(20,297)	16,239	(4,058)
OTHER RECOGNISED	GAINS AND
LOSSES
Actuanal gains or (losses)		on defined
benefit pension schemes			10.		29,000	29,000
NET MOVEMENT IN FUNDS				(20,297)	45,239	24,942
RECONCILIATION OF	FUNDS
Total funds brought forward				101,982	895,650	997,632
TOTAL FUNDS CARRIED		FORWARD	22.	81,685	940,889	1,022,574

			Notes	Group		Charity	Charity
				2021	2020	2021	2020
				8	6
FIXEDASSETS
Intangible assets			12.	12,165		12,165
Tangible assets			13.	290,909	288,796	50,803	47,389
Investments			14.			1	1
Investment property			15.	432,810	432,810	432,810	432,810
				735,884	721,606	495,779	480,200
CURRENT ASSETS
Debtors			18.	230,320	246,147	128,146	311,438
Bank and cash			25.	896,151	991,471	712,268	315,754
				1,126,471	1,237,618	840,414	627,192
CREDITORS: Amounts within one year		falling due	17.	~367,302	780,200	~272,874	~76,502
NET CURRENT	ASSETS			759,169	457,418	627,540	550,690
TOTAL ASSETS LESS		CURRENT
LIABILITIES				1,495,053	1,179,024	1,123,319	1,030,890
CREDITORS. Amounts		falling due
after more than	one year		18.	(88,292)	(97,450)
DEFINED BENEFIT PENSION
SCHEME LIABILITY			10.	(94,000)	(59,000)	(94,000)	(59,000)
PROVISIONS FOR LIABILITIES				(5,059)
NET ASSETS				1,307,702	1,022,574	1,029,319	971,890
FUNDS:
Unrestricted funds			22.	199,589	81,685	1,039,094	902,864
Restricted funds				1,202,113	999,889	84225	69026
TOTAL FUNDS	EXCLUDING
PENSION RESERVE				1,401,702	1,081,574	1,123,319	1,030,890
Pension reserve	—restricted			(94,000)	(59,000)	(94,000)	(59,000)
TOTAL FUNDS				1,307,702	1,022,574	1,029,319	971,890

			2021	2020
		6	6	f	8
FIXEDASSETS
Tangible assets			23,815		26,385
Investments			1		1
			23,816		26,386
CURRENT ASSETS
Debtors		57,558		115,937
Cash at bank		15,201		4,285
		72,759		120,222
CREDITORS: Amounts	falling due
within one year		~756,673		~97,673
NET CURRENT ASSETS/(LIABILITIES)			(83,914)		28,349
NET ASSETS/(LIABILITIES)			60,098		54,735
FUNDS:
Unrestricted funds			(70,098)		31,001
Restncted funds			10,000		23,734
TOTAL FUNDS			60,098		54,735

			Group	Group	Charity	Charity
			2021	2020	2021	2020
		Notes	f	f	f
NET CASH INFLOW/(OUTFLOW)	FROM
OPERATING ACTIVITIES		25.	(37,397)	362,768	431,345	(212,548)
CASH FLOWS FROM INVESTING	ACTIVITIES
Interestincome			385	864	385	864
Purchase oftangible fixed assets			(49,150)	(57,324)	(35,216)	(48,936)
Sale oftangible fixed assets				1,005
CASH PROVIDED BY/(USED IN) INVESTING
ACTIVITIES			~48,765	~55,455	~34,831	~48,072
CASH FLOWS FROM FINANCING	ACTIVITIES
Repayment of borrowings			~9158	~8,711
CASH PROVIDED BYFINANCING	ACTIVITIES		~9158	~8,711
INCREASE/(DECREASE) IN CASH AND CASH
EQUIVALENTS IN THE YEAR			(95,320)	298,602	396,514	(260,620)
Cash and cash equivalents at the beginning
of the year			991,471	692,869	315,754	576,374
TOTAL CASH AND CASH EQUIVALENTS AT
THE END OF THE YEAR			896,151	991,471	712,268	315,754

					2021
					Unrestricted	Restricted	Unrestricted	Restricted
					Funds	Funds	Funds	Funds
					E	6	E	6
Youth Federation Limited
Merseyside Youth Assoc		—Talent	Match		213,911	224,360		406,319
Big Lottery Fund - Youth	Investment			Fund				278,647
World Merit								4,441
Ncata						10000
					213,911	234,360		689,407
Youth Federation for Cheshire,			Halton,
Warrington and Wirral
Bank ofAmenca						36,101
Cheshire Community Foundation						8,956
Cheshire East Council
Community Learning								4,666
Cycber Safety						17,398
Cheshire West &Chester		Council
COVID-19 grant						5,000
Other Projects						20,000
Targeted Support	And Intervention					21,858		42,630
Children in Need						9,706		35,867
Coca Cola - Employment		Days						2,000
CRH Charitable Trust						10,000
Dame Kelly Holmes Legacy Trust								1,700
Dept For Digital, Culture,		Media &Sport						35,436
Earl of Chester's Fund								2,000
Healthy Stadia								20,000
Miscellaneous support						572
New Leaf/Golden Gates	Housing		Trust					80,289
NHS - Mental Health 8 Wellbeing						10,140		20,000
Phihp Barker Charity								32,000
RFCA North West								5,000
Sir Jules & Princes						4,500
Steele Chantable Trust						9,500
Thomas Wall Trust						5,000
UK Youth
Active Youth						12,043
Generation Code						3,750		2,050
Reach Up						15,680
Bespoke NCS						5,000		16,857
Be Internet Citizens						13,200		8,400
VOLA New Futures						50,048
VOLA Sefton CVS								47,246
Westminster Foundation
Back Qn Track						20,541		20,541
September Promise						124,555
Wirral Learning Contract						1,600
Youth Endowment Fund						37,872
						443,020		376,682

				2021		2020
				Unrestricted	Restricted	Unrestricted	Restricted
				Funds	Funds	Funds	Funds
				6	f	6
Changing	Young Lives Limited
National	Citizen	Service		987,343		771,146
DWP - Cheshire		&Warrington	Pledge	314,965			443,587
				1,302,308		771,146	443,587
TOTAL				1,516,219	677,380	771,146	1,509,676

					2021		2020
					Unrestricted	Restricted	Unrestricted	Restricted
					Funds	Funds	Funds	Funds
Income from		training					3,412	930
Miscellaneous		income			5,095	3,321	15,287	503
Exceptional	item - Insurance			proceeds				17,209
Coronavirus	job retention		scheme grants		40,660	21,012
					45,755	24,333	18699	18,642

				Notes	2021			2020
					Unrestricted	Restricted		Unrestricted	Restricted
					Funds	Funds		Funds	Funds
					f	8		f	6
Youth Federation			Limited
Staff costs					437,863	224,	360	47,715	527,593
Other costs					32,403	23,734		16,201	160,022
Governance		costs			8,734			2,336
					479,000	248,	094	66,252	687,615
Youth Federation			for Cheshire,	Halton,
Warrlngton		and	Wirral
Staff costs						288,495			260,675
Other costs						60,547			114,599
Grant making						20,000
Governance		costs		7.		6,689			6,335
						375,	731		381,609
The Fermain		Club
Staff costs						1,200			5,635
Other costs							180		6,005
Governance		costs					819		883
						2,	199		12,523
Changing	Young		Lives Limited
Staff costs					406,481			411,854	168,589
Other costs					550,218			326,378	274,998
Governance		costs			5,013			6,158
					961,712			744,390	443,587
Woodside	Youth		Centre
Staff costs									6,351
Other costs									5 111
									11,462
					1,440,712	626,024		810,642	1,536,796


Youth Education		9	9
Youth Club Support		2	1
National Citizen	Service	40	36
Youth Investment	Fund	5	4
Talent Match		14	11
General Fund		2	7
		72	68

	2021	2020
	E	E
Net interest (expense)/income	~1,000	~2,000
Recognised in net income/(expenditure)	(1,000)	(2,000)
Recogmsed in other gains/(losses)	41,000	29,000
Total net income/gains recognised
Amounts recognised in the balance sheet were as follows
	2021	2020
		9
Present value offunded obligations	(449,000)	(378,000)
Fair value of plan assets	355,000	319,000
Net pension scheme asset/(liability)	~9944,, t090100~5599,, 00t0l0o

Changes	in the	present	value ofthe defined benefit obliga	tions were as follows
				2021	2020
				E	8
Opening	defined	benefit	obligation	(378,000)	(414,000)
Benefits	paid			17,000	17,000
Interest Actuarial	expense gain/(loss)			(8,000) ~90,000	(10,000) 29,000
Closing	defined	benefit	obligation	~449,000	~329,000

								2021	2020
									8
Opening	plan	assets						319,000	321,000
Benefits	paid							(17,000)	(17,000)
Interest	income							7,000	8,000
Contributions		by charity						7,000	7,000
Actuarial	gain/(loss)							39,000
Closing	plan	assets						355,000	319,000
The amount		that each	major class of pension			plan assets constitutes	of the fair value	of the total plan assets wa
as follows:
								2021	2020
								E	8
Equities								124,250	146,740
Bonds								166,850	133,980
Property								28,400	25,520
Cash								35,500	12,760
								355,000	319,000
The return on plan assets				was as follows:
								2021f	2020 8
Interest	income							7,000	8,000
Total return on plan assets								7,000	8,000
The principal		actuanal	assumptions		used were as follows
								2021	2020
Discount	rate							2.9%	2.3%
Expected rates of salary increases								3.6%	2.6%
Pension	increases							2.9%	1 9%
The mortality		assumptions		used for longevity		(in years) on retirement	age at 65 are:
Retiring	at the balance		sheet date
—Males								21.4	21.2
—Females								24.0	23.6
Retiring	in 20 years
—Males								22.4	21.9
—Females								25.7	25.0

This is stated after charging:
	2021	2020
	E	E
Group
Depreciation	34,805	26,990
Auditors' remuneration
Audit	13,800	9,150
Non audit		4,200
Charity
Depreciation	19,570	15,140
Auditors' remuneration
Audit	8,880	5,400
Non audit		2,700

Group and Charity	Software f	Total
Cost
At 1 April 2020
Additions	12,165	12,165
Disposals
At 31 March 2021	12,165	12,165
Depreciation
At 1 April 2020
Charge for year
Disposals
At 31 March 2021
Net Book Value
At 31 March 2021	12,165	12,165
At 31 March 2020

TANGIBLE ASSETS
Group	Land	&	Tenants	Office
	Buildings		Improvements	Equipment	Total
	8
Cost
At 1 April 2020	216,470		41,918	204,472	462,860
Additions				36,985	36,985
Disposals			9,360	(108,063)	(108,063)
At 31 March 2021	215,478		32,558	133,394	391 782
Depreciation
At 1 April 2020	10,000		25,843	138,221	174,064
Charge for year		1,999	4,070	28,736	34,805
Disposals			(9,360)	(107,996)	(9,360)
At 31 March 2021	11,999		20,553	58,961	199,509
Net Book Value
At 31 March 2021	204,471		12005	74,433	290,909
At 31 March 2020	206,470		16,075	66,251	288,796
Charity			Tenants	Office
			Improvements	Equipment	Total
			8		8
Cost
At 1 Apnl 2020			9,360	151,999	161,359
Additions				23,051	23,051
Disposais			(9,360)	(86,983)	(9,360)
At 31 March 2021				88,067	88,067
Depreciation
At 1 Apnl 2020			9,360	104,610	113,970
Charge for year				19,570	19,570
Disposals			(9,360)	(86,916)	(9,360)
At 31 March 2021				37,264	124,180
Net Book Value
At 31 March 2021				50,803	50,803
At 31 March 2020				47,389	47,389

FIXEDASSET INVESTMENTS	FIXEDASSET INVESTMENTS	FIXEDASSET INVESTMENTS	FIXEDASSET INVESTMENTS
Youth Federation Limited owns 100% of ordinary f1 share). This company was				the issued share incorporated on		capital of Changing Young 20 December 2012 and		Lives Limited (being one its principal activity is the
delivery ofthe NCS programme.		The	profit and loss		account of the subsidiary		for the year		ended	31	March 2021
is as	follows.
						2021					2020
						f.					f
	Turnover Cost of sales					1,302,308 ~885,530			1,216,284 ~665,751
	Gross profit Administrative expenses					416,778 ~168,372			550,530 ~556,67
						248,406					(6,147)
	Other operating income					63 828					52,052
	Operating (loss)/profit					312,234					45,905
	Interest payable and similar	charges									3,543
	Profit before taxation					308,874					42,362
	Tax on (loss)/profit on ordinaiy		activities			(364)					482
	Loss/(profit) after taxation					308,510					42,844

Group and Charity	Total
	f
VALUATION
At 1 April 2020	432,810
At 31 March 2021	432,810

		Group		Charity
		2021 f	2020f	2021 f.	2020 f
Bankloans		9,487	9,538
Trade creditors		51,672	25,197	28,187	13,224
Other creditors		96,645	156,341	148,463	19,983
Income received	in advance	178,543	564,320	16,715	25,227
Other taxes and	social security	30,955	24,804	19,509	18,068
		3673II2	760,200	212,874	76,502

		Group
		2021	2020	2021	2020
		f.	f	f	f
Bankloans		88,292	97,450
		88,292	97,450
Bank loan maturity	analysis
1-2years		9,773	9,487
2-5 years		31,452	30,211
&5 years by instalments		47,067	57,752
		88,292	97,450

	Group
	2021	2020	2021	2020
	f	f	f	f
Bankloans	97,779	106,988
	97,779	106,988

INCOME	RECEIVED IN ADVANCE
		Group		Cia~
		2021	2020	2021	2020
		6	6	f	6
NCS Programme		121,379	539,093
Talent Match		16,715	20,227	16,715	20,227
UK Youth	- Reach Up		5,000		5,000
Children	in Need	18,229		18,229
CWAC		6,720		6,720
Back on track		10,000		10,000
Cheshire	Fire and Rescue	5,500		5,500
		178,543	564,320	57,164	25,227


Group and Cha	rity		2021	2020
			5	6
Minimum lease	payments	fall due as follows:
Net obligations	repayable:
Within one year			7,406	7,174
Between one and five years			9,988
			17,394	7,174

							Other
Group			At 1 April				Movementsl	At 31 March
			2020 8	Income f	Expenditure E		Transfers E	2021 8
RESTRICTED FUNDS
Youth Federation		Limited
Talent Match				224,360		(224,360)
Big Lottery Fund	—YIF		23,734			(23,734)
Nesta				10,000				10,000
			23,734	234,360		(248,094)		10,000
Youth Federation		for Cheshire,	Halton,
Warrlngton and Wirral
Youth Education			25,601	435,789		(166,358)	(228,942)	66,090
Youth Club Support			19,691	33,959		(21,478)	(24,037)	8,135
General Fund Pension Reserve		209,935 ~59,000		131,127		(188,895)	245,979 ~34,tltl0	398,146 ~93,000
			196,227	600,875		(376,731)	41,000	379,371
The Fermain Club
General Fund			498,784	13		(2,199)		496,598
Revaluation Reserve			86,000					86,000
			584,784	13		(2,199)		582,598
Woodside Youth	Centre
General Fund			136,144					136,144
			136,144					136,144
			940,889	835,248	~627,024		~44,000	1,108,113
UNRESTRICTED	FUNDS
YFL General Fund			31,001	225,849		(475,642)		(218,792)
Changing Young	Lives Ltd		50,684	1,336,125		(968,428)		418,381
			81,685	1,561,974	~44440711			199,589
TOTAL FUNDS			1,022,574	2397222	~,	,18290704,		1,307,702

Charity			At 1 April			Movementsi	At 31 March
			2020 f	Income f	Expenditure f	Transfers f.	2021 f.
RESTRICTED FUNDS
Youth Federation		Limited
Talent Match				224,360	(224,360)
Big Lottery Fund	-YIF		23,734		(23,734)
Nesta				10000			10,000
			23,734	234,360	(248,094)		10,000
Youth Federation		for Cheshire,	Halton,
Warrington and Wirral
Youth Education Youth Club Support			25,601 19,691 45,292	435,789 33959 469,748	(166,358) ~21,478 (187,836)	(228,942) ~24,037 (252,979)	66,090 8,135 74,225
			69,026	704,1tl3	~435,930	~252979	84225
UNRESTRICTED	FUNDS
YFL General Fund			31,001	382,166	(491,146)		(77,979)
Youth Federation		for Cheshire,	Halton,
Wanington and	Wirral
General Fund Pension Reserve		209,935 ~59,000 150,935		148,178 148,178	(206,761) (206,761)	245,979 ~34,000 211,979	397,331 ~93,tNIO 304,331
The Fermain Club
General Fund			498,784	13	(2,199)		496,598
Revaluation Reserve			86,000				86 000
			584,784	13	(2,199)		582,598
Woodside Youth	Centre
General Fund			136,144				136,144
			136,144				136,144
			90285l	530357	~700,106	211,979	945,094
TOTAL FUNDS			971,890	1,234,455	~1.138,036	~41,000	1.029,319

				Group		Charity
				2021	2020	2021	2020
				E		8	6
Net movement ln funds				285,128	24,942	57,428	(17,902)
Interest income				(385)	(864)	(385)	(864)
Depreciation				34,804	26,990	19,570	15,140
Loss on disposal of	fixed	assets		68		68	0
Decrease/(increase)	in debtors			15,827	(50,139)	183,292	(149,414)
(Decrease)/increase	in creditors			(407,839)	395,839	136,372	(25,508)
Increase/(decrease)	in pension		scheme
liability				35,000	(34,000)	35,000	(34,000)
Net cash inflow/(oufflow) operating activities		from		~37,33	362,768	431,345 ~242,548