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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|
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|Charity Registration|Charity Registration|number:|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)|
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|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)|
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|||||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|
##
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|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|
##
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|(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|
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||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|Total|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|
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||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|
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||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|
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||||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|
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|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|
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||||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|
##
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|||||||
|---|---|---|---|---|---|
|.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|
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|.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|
##
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|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|
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||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|
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|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)|