2021-03-31-accounts - Wolverhampton Youth Zone

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				Page
Officers, professional	advisers	and administrative	information
Trustees' report
Statement ofTrustees'	responsibilities			12
Independent auditor's	report			13
Statement offinancial	activities			16
Balance Sheet				17
Statement ofcash flows
Notes to the financial	statements			19
Detailed statement of	financial	activities		31

Charity Registration	Charity Registration	number:	1151247
Company	Registration	number:	8341220
Registered	Office:		The Way
			Wolverhampton	Youth Zone
			School Street
			Wolverhampton
			WV3 ONR
Bankers:			Barclays Bank pic
			Leicester
			Leicestershire
			LE87 2BB
Auditor:			Lancaster Haskins		Limited
			Granville House
			2Tettenhall Road
			Wolverhampton
			WV1 4SB
Trustees:			VW Fairclough	(Resigned 26January 2021)
			J Gough
			A SGough (Resigned			1February 2021)
			0 R Bernard (Resigned 14April 2021)
			P J Horton (Resigned			2 November 2020)
			K R Manning
			AJ Wolverson
			E Bennett
			P K Brigue
			A Benjamin
			M Howell
			KGriffiths (Appointed			on 24September 2021)
Company	secretary:		P Horton (Resigned		29September 2020)
			M Howell (Appointed			29September 2020)

Financjaf Performa	nce
					2021	2020
A summary ofthe	income	and	expenditure	is as follows:	6	6
Total income					1,508,419	1,232,270
Total expenditure	(excluding depreciation			charges)	(992,977)	(1,161,907)
Net income before	depreciation		charges		515,442	70,363
Depreciation charges					(124,148)	(132,937)
Net income/(expenditure)		for the year			391,294	(62,574)

				Unrestricted	Restricted	Total	Total
				Funds	Funds	Funds	Funds
				2021	2021	2021	2020
			Note			f	f
INCOME
Income from:
Donations and	legacies		2	634,837	870,597	1,505,434	1,086,567
Other trading	activities		3	700		700	53,854
Charitable activities			4	2,285		2,285	91,850
TOTAL INCOME				637,822	870,597	1,508,419	1,232,271
EXPENDITURE	ON
Raising funds			5	30,524	24,649	55,173	35,895
Charitable activities			6	228,728	833,224	1,061,952	1,258,950
TOTAL EXPENDITURE				259,252	857,873	1,117,125	1,294,845
NET
INCOME/(EXPENDITURE)
FOR THE YEAR				378,570	12,724	391,294	(62,574)
Transfers between		funds	16
NET MOVEMENT		IN FUNDS
FOR THE YEAR				378,570	12,724	391,294	(62,574)
Total funds at	1April 2020			4,784,036	33,800	4,817,836	4,880,410
TOTAL FUNDS	AT	31March
2021				5,162,606	46,524	5,209,130	4,817,836

As at 31March 2	021
				2021	2020
			Note	f	f
FIXEDASSETS
Tangible assets			12	4,639,341	4,713,788
CURRENT ASSETS
Stock				1,140	1,344
Debtors			13	93,996	57,672
Cash at bank and	in hand			607,808	219,804
TOTAL CURRENT ASSETS				702,944	278,820
CREDITORS —Amounts		falling due within one year	14	(133,155)	(174,772)
NET CURRENT ASSETS				569,789	104,048
TOTAL ASSETSLESSCURRENT LIABILITES /NET ASSETS				5,209,130	4,817,836
FUNDS OFTHE CHARITY
Unrestricted funds			16	5,162,606	4,784,036
Restricted funds			16	46,524	33,800
TOTAL FUNDS				5,209,130	4,817,836

(Acompany limited	by guaran	tee)
Statement ofCash	Flows
Forthe year ended	31March	2021
						2021	2020
					Note		f
Cash flows from operating activities
Surplus/(Deficit) for	the year					391,294	(62,574)
Adjustments for:
Depreciation oftangible fixed assets						124,148	132,937
Profit on disposal of	fixed assets						(460)
Changes in:
Stock						204	1,836
Trade debtors and other debtors						(36,324)	(21,571)
Trade creditor and other creditors						(41,617)	30,654
Cash used in operating activities						437,705	80,822
Purchase oftangible	fixed assets					(49,701)	(3,705)
Sale oftangible fixed	assets						1,510
Cash used in investing activities						(49,701)	(2,195)
Increase/(Decrease)	in cash and	cash equivalents		in the year		388,004	78,627
Cash and cash equivalents at the		beginning	ofthe	year		219,804	141,177
Total cash and cash	equivalents	at the end	ofyear			607,808	219,804

	Unrestricted	Restricted	Total funds	Total funds
	funds	funds	2021	2020
	E	f	6	E
Donations	217,549		217,549	174,031
Grants	386,788	870,597	1,257,385	909,612
Gift Aid	30,500		30,500	2,924
	634,837	870,597	1,505,434	1,086,567

			Unrestricted	Restricted	funds	Total funds
			funds	funds	2021	2020
			E	f	E	6
Fund	raising	events	20		20	29,625
Room	hire		680		680	24,229
			700		700	53,854

			Unrestricted	Restricted	Total funds	Total funds
			funds	funds	2021	2020
			E	f	f	E
0 erationsofTheWa		Youth
Zone
Membership	fees		480		480	7,134
Session fees			1,743		1,743	41,008
Catering income			62		62	43,708
			2,285		2,285	91,850

	Unrestricted	Restncted	Total funds	Tote I funds
	fundsf	funds f	2021 f	2020 f
Fund raising events				1,862
Wages and salaries	30,524	24,649	55,173	34,033
	30,524	24,649	55,173	35,895
ANALYSIS OF CHARITABLE EXPENDITURE BYACTIVITY
	Activities	Support
	undertaken	costs	Tote I	Total
	2021f	2021 f	2021f	2020f
Operation ofThe Way
Youth Zone	850,205	211,748	1,061,952	1,258,950

	Unrestricted	Restricted	Total funds	Totalfunds
	funds	funds	2021	2020
		f	f	f
Wages and salaries		514,918	514,918	741,220
Youth Project Delivery Expenses	8,358	75,689	84,047	64,630
Travel Expenses	460	1,250	1,710	2,193
IT	4,682	7,495	12,176	14,063
Catering	3,050	10,504	13,554	46,499
Premises Cost	16,216	70,685	86,901	90,481
Onside Youth Zone Services	12,750		12,750	17,000
Depreciation	124,148		124,148	132,937
Profit on disposal				(460)
	169,664	680,541	850,2DS	1,108,563

			Unrestricted	Restricted	Total funds	Total funds
			funds	funds	2021	2020
			f	f	f	f
Wages and salaries				60,825	60,825	68,572
Recruitment			1,889	4,591	6,480
DBSchecks			1,179	1172	2,351	628
Staff training			6,381	17,696	24,077	8,136
Travel expenses			635		635	2,350
IT			2,149		2,149	2,482
Postage, stationery		&telephone	7,504	7,504	15,007	12,581
Premises costs			11,659	3,676	15,335	15,967
Licences			3,777	468	4,245	8,715
Marketing				7,748	7,748	96
Professional	fees		5,922	38,148	44,070	7,916
Bank charges			787	787	1,574	2,782
Bad debts			4,674		4,674
Sundry expenses			7,709	5,269	12,978	12,362
Governance	costs		4,800	4,800	9,600	7,800
			59,064	152,684	211,748	150,387

Forthe year ended 31March 2021	Forthe year ended 31March 2021	Forthe year ended 31March 2021
9. NET INCOME/(EXPENDITURE)
This is stated after charging:				2021	202D
				f	f
Depreciation oftangible		fixed assets:
- Owned by the charity				124,148	132,937
Auditor's remuneration				9,600	7,800
10.STAFF COSTS
Staffcosts were as follows:				2021	2020
				f	f
Wages and salaries				567,764	772,304
Social security costs				29,132	39,389
Other pension costs				34,020	42,304
				639.916	6 399
The average monthly	number ofemployees		during the year was	2021	2020
as follows:					No
Raising funds
Charitable activities				43	72
				45	74

			Leasehold
			Property	Equipment	Total
			f	f	f
Cost
As at 1April 2020			5,'084,603	190,086	5,274,689
Additions				49,701	49,701
Disposals
As at 31March	2021		5,084,603	239,787	5,324,390
Depreciation
As at 1April 2020			417,448	143,453	560,901
Charge for the year			101,692	22,456	124,148
Eliminated on disposal
As at 31March	2021		519,140	165,909	685,049
Net book value
As at 31March	2020		4,667,155	46,633	4,713,788
As at 31March	2021		4,565,463	73,878	4,639,341
13.DEBTORS				2021	2020
				f	f
Trade debtors				1,192	45,392
Prepayments and accrued income				89,994	10,388
Other debtors				2,810	1,892
				93,996	57,672
All balances shown above are due within one year.
14.CREDITORS —amounts		falling due within one year		2021	2020
				f	f
Trade creditors				88,148	21,068
Other taxation	and social security			8,406	8,946
Other creditors				2,291	3,307
Accruals				15,149	23,579
Deferred income				19161	117,872
				133,155	174,772


.DEFERR	ED INCOME			2021	2020
				f	f
Balance	brought	forward		117,872	60,087
Amount	released	to income	in the year	(117,872)	(60,087)
Amount	deferred	in the year		19,161	117,872
Balance	carried	forward		19,161	117,872

16.MOVEMENTS
IN FUNDS		At				At
		1April				31March
		2020	Income	Expenditure	Transfers	2021
		f	f	f	f	f
Unrestricted funds
General funds-		116,881	637,822	(157,560)		597,143
all funds
Designated fund—		4,667,155		(101,692)		4,565,463
Building project
		4,784,036	637,822	(259,252)		5,162,606
Restricted funds
BBCChildren in		(1,921)	23,895	(26,204)		(4,230)
Need
Football Foundation			9,248	(9,248)
Youth Investment		9,134	41,334	(50,468)
Mentoring		23,584	120,000	(98,913)		44,671
Awards for All		3,738				3,738
Council Holiday	Club		8,302	(8,302)
Sensory Room		(1,039)	10,439	(9,400)
Outreach —Council
project		304		(304)
Youth Endowment
Fund			50,000	(47,655)		2,345
George Henry
Collins			1,000	(1,000)
National Lottery			236,516	(236,516)
Onside CMC			115,000	(115,000)
SMFCMC			100,000	(100,000)
Job Retention
Scheme			154,863	(154,863)
Total funds		33,800	870,597	(857,873)		46,524

.MOVEMENT IN FUNDS (	.MOVEMENT IN FUNDS (	Continued)
Summary offunds
General funds		116,881	637,822	(157,560)		597,143
Designated funds		4,667,155		(101,692)		4,565,463
Restricted funds		33800	870597	(857873)		46524
		4,817,836	1,508,419	(1,117,125)		5,209,130
MOVEMENTS		At				At
IN FUNDS—		1April				31March
PRIOR YEAR		2019 E	Income E	Expenditure E	Transfers f	2020f
Unrestricted funds
General funds—		53,997	733,222	(670,338)		116,881
all funds
Designated fund—		4,768,847		(101,692)		4,667,155
Building project
		4,822,844	733,222	(772,030)		4,784,036
Restricted funds
BBCChildren in		7,560	47,481	(56,962)		(1,921)
Need
Football Foundation			9,976	(9,976)
Youth Investment		40,419	237,561	(268,846)		9,134
Mentoring		7,058	110,000	(93,474)		23,584
Awards for All		876	7,634	(4,772)		3,738
Henry Smith			2,170	(2,170)
Council Holiday	Club		30,000	(30,000)
Windrush Lottery			8,001	(8,001)
Sensory Room			713	(1,752)		(1,039)
Bailey Thomas			5,000	(5,000)
CB gr HH Taylor		903		(903)
Rowley Trust		750		(750)
Outreach —Council
project			31,923	(31,619)		304
West Midlands
Police			5,000	(5,000)
Active Citizens	Fund		3,589	(3,589)
Totalfunds		57,566	499,048	(522,814)		33,800

16.MOVEMENT IN FUNDS (Con	tinued)
Summary offunds
General funds	53,997	733,222	(670,338)		116,881
Designated funds	4,768,847		(101,692)		4,667,155
Restricted funds	57,566	499,048	(522,814)		33,800
	4,880,410	1,232,270	(1,294,844)		4,817,836
17.ANALYSIS OF NET ASSETS	Unrestricted	Designated		Restricted	Total
BETWEEN FUNDS	Funds		Funds	Funds	Funds
	f		E	f	f
Tangible fixed assets	73,878		4,565,463		4,639,341
Current assets	656,420			46,524	702,944
Current liabilities	(133,155)				(133,155)
	597,143		4,565,463	46,524	5,209,130
ANALYSIS OF NET ASSETS	Unrestricted	Designated		Restricted	Total
BETWEEN FUNDS—	Funds		Funds	Funds	Funds
PRIOR YEAR	f		f	E	f
Tangible fixed assets	46,633		4,667,155		4,713,788
Current assets	245,020			33,800	278,820
Current liabilities	(174,772)				(174,772)
	116,881		4,667,155	33,800	4,817,836

	2021	2020
	E	6
INCOME
DONATIONS AND LEGACIES
Donations	217,549	194,170
Grants	1,257,385	909,612
Gift Aid	30,500	2,924
OTHER TRADING ACTIVITIES
Fund raising events	20	9,486
Room hire	680	24,229
CHARITABLE ACTIVITIES
Membership fees	480	7,134
Sessions fees	1,743	41,008
Catering income	62	43,708
TOTAL INCOME	1,508,419	1,232,271
EXPENDITURE
RAISING FUNDS
Fund raising events		1,862
Wages and salaries	55,173	34,033
DIRECT CHARITABLE ACTIVITIES
Wages and salaries	514,918	741,220
Youth Project Delivery Expenses	84,047	64,630
Travel Expenses	1,710	2,193
IT	12,176	14,063
Catering	13,554	46,499
Premises Cost	86,901	90,481
Onside Youth Zone Services	12,750	17,000
Depreciation	124,148	132,937
Profit on disposal		(460)
SUPPORT COSTS
Wages and salaries	60,825	68,572
Recruitment	6,480
DBSchecks	2,351	628
Staff training	24,077	8,136
Travel expenses	635	2,350
Carried forward	999,745	1,224,144

SUPPORT COSTS
Brought forward		999,745	1,224,144
IT		2,149	2,482
Postage, stationery	&telephone	15,007	12,581
Premises costs		15,335	15,967
Licences		4,245	8,715
Marketing		7,748	96
Professional fees		44,070	7,916
Bank charges		1,574	2,782
Bad debts		4,674
Sundry expenses		12,978	12,362
Governance costs		9,600	7,800
TOTAL EXPENDITURE		1,117,125	1,294,845
NET INCOME / (EXPENDITURE)		391,294	(62,574)