2023-03-31-accounts - Wolverhampton Youth Zone

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		Page
Reference and Administrative Details
Report ofthe Trustees
Statement ofTrustees' Responsibilities
Report ofthe Independent Auditors		10
Statement ofFinancial Activities		13
Balance Sheet		14
Cash Flow Statement		15
Notes to the Cash Flow Statement		16
Notes to the Financial Statements		17
Detailed Statement ofFinancial	Activities	29

TRUSTEES	JGough (resigned 18.5.23)	JGough (resigned 18.5.23)
	KRManning (resigned 8.6.22)
	AJWolverson (resigned 6.9.22)
	Mrs EBennett (resigned 6.9.22)
	Mrs PKBrigue
	Mrs A Benjamin
	Mrs M Howell (resigned 31.3.23)
	Mrs KC Griffiths
	Mrs LJBashford (appointed		27.4.22)
	IBudd - Chair (appointed	12.9.22)
	BFletcher (resigned 29.11.22)
	Mrs JHaydon (appointed	7.6.22) (resigned 11.3.23)
	TD Longmore (appointed	6.9.22) (resigned 29.9.23)
	T Munro (appointed 6.9.22)
	Miss CLK Swift
	A KRaju (appointed 3.2.23)
	Ms SA Butcher (appointed		18.5.23)
COMPANY SECRETARY	Miss CLK Swift
REGISTERED OFFICE	The Way
	School Street
	Wolverhampton
	West Midlands
	WV3 ONR
REGISTERED COMPANY	08341220(England and Wales)
NUMBER
REGISTERED CHARITY	1151247
NUMBER
INDEPENDENT AUDITORS	Lancaster Haskins Limited
	Granvige House
	2 Tettenhal 1Road
	Wolverhampton
	West Midlands
	Wvi 4SB
BANKERS	Handelsbanken
	Trinity Court
	Ground
	2 Broadlands
	Wolverhampton
	WV10 6UH

TOGETHER	We are committed to building positive, inclusive relationships	We are committed to building positive, inclusive relationships	with all. Individuals	with all. Individuals	with all. Individuals	are	are
	respected and celebrated within The Way community.
HONEST	We are open and sincere. We act with integrity and transparency and are accountable						for our
	words and actions.
ENERGETIC	We approach all we do with a 'can-do' attitude. We are positive, dynamic,			and flexible			and
	always give our best for Wolverhampton's young people.
WELCOMING	We create a safe, positive, and supportive atmosphere for all.		We care for people			and	are
	passionate in all we do.
ASPIRATIONAL	We are constantly evolving and always seek to improve.	We	grow, progress,		and	develop		as an
	organisation and as individuals. We lead by example and	inspire others.
YOUTH-LED	We are needs-led and young person focused throughout	our work.

STRATEGIC REPORT
Financial review
Financial position
A summary ofthe income	and	expenditure	is	as follows:	2023	2022
Total income					1,095,011	717,910
Total expenditure (excluding		depreciation	charges)		(1,065,166)	(896,818)
Net income/(expenditure)	before depreciation			charges	22,185	(178,908)
Depreciation charges					(127,647)	(128,034)
Net income/(expenditure)	for	the year			(97,802)	(306,942)

					31.3.23	31.3.22
			Unrestricted	Restricted	Total	Total
			funds	fund	funds	funds
		Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies		2	836,269	126,837	963,106	643,060
Charitable activities
Membership fees			4,174		4,174	7,725
Session fees			5,257		5,257	16,248
Catering income			20,094		20,094	7,732
Room hire			91,319		91,319
Other trading activities		3	9,193		9,193	43,145
Other income			1,868		1,868
Total			968,174	126,837	1,095,011	717,910
EXPENDITURE ON
Raising funds		5	51,131		51,131	25,557
Charitable activities
All charitable activities			951,519	190,163	1,141,682	999,295
Total			1,002,650	190,163	1,192,813	1,024,852
NET INCOME/(EXPENDITURE)			(34,476)	(63,326)	(97,802)	(306,942)
RECONCILIATION	OF FUNDS
Total funds brought forward			4,816,297	85,891	4,902,188	5,209,130
TOTAL FUNDS CARRIED FORWARD			4,781,821	22,565	4,804,386	4,902,188
CONTINUING OPERATIONS

				31.3.23	31.3.22
		Unrestricted	Restricted	Total	Total
		funds	fund	funds	funds
	Notes	f
FIXEDASSETS
Tangible assets	12	4,387,149		4,387,149	4,514,796
CURRENT ASSETS
Debtors	13	54,343		54,343	104,078
Cash at bank and in hand		410,332	22,565	432,897	360,345
		464,675	22,565	487,240	464,423
CREDITORS
Amounts falling due within one year	14	(70,003)		(70,003)	(77,031)
NET CURRENT ASSETS		394,672	22,565	417,237	387,392
TOTAL ASSETSLESSCURRENT
LIABILITIES		4,781,821	22,565	4,804,386	4,902,188
NET ASSETS		4,781,821	22,565	4,804,386	4,902,188
FUNDS	15
Unrestricted funds				4,781,821	4,816,297
Restricted funds				22,565	85,891
TOTAL FUNDS				4,804,386	4,902,188

				31.3.23	31.3.22
			Notes	f.
Cash flows from operating	activities
Cash generated from operations			1	72,552	(243,974)
Net cash provided by/(used	in) operating		activities	72,552	(243,974)
Cash flows from investing	activities
Purchase oftangible fixed assets					(3,489)
Net cash provided by/(used	in) investing		activities		(3,489)
Change in cash and cash equivalents		in
the reporting period				72,552	(247,463)
Cash and cash equivalents	at the
beginning ofthe reporting	period			360,345	607,808
Cash and cash equivalents	at the end		of
the reporting period				432,897	360,345

RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING	RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING	RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING	RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING
ACTIVITIES
			31.3.23	31.3.22
Net expenditure for the reporting		period (as per the Statement of
Financial Activities)			(97,802)	(306,942)
Adjustments for: Depreciation charges Decrease in stocks			127,647	128,034 1,140
Decrease/(increase) in debtors			49 735	(10082)
Decrease in creditors			(7,028)	(56,124)
Net cash provided by/(used	in) operations		72,552	(243,974)
ANALYSIS OF CHANGES	IN NET FUNDS

ANALYSIS OF CHANGES IN NET FUND	S
	At 1.4.22	Cash flow	At 31.3.23 f
Net cash
Cash at bank and in hand	360,345	72,552	432,897
	360,345	72,552	432,897
Total	360,345	72,552	432,897

DONATIONS AND LEGACIES
	31.3.23	31.3.22
Donations	278,129	162,330
Gifi aid	20,000	54
Grants	664,977	480,676
	963,106	643,060

		31.3.23	31.3.22
		f
Fundraising	events		288
Room hire		9,193	42,857
		9,193	43,145

INCOME FROM CHA	RITABLE ACTIV
		31.3.23	31.3.22
	Activity		f
Operations ofThe Way Operations ofThe Way Operations ofThe Way Operations ofThe Way	Membership fees Session fees Catering income Room hire	4,174 5,257 20,094 91,319	7,725 16,248 7,732
		120,844	31,705
RAISING FUNDS
Raising donations and	legacies	31.3.23	31.3.22
Staff costs		48,447	25,557
Support costs		2,684
		51,131	25,557

				Support
			Direct	costs (see
			Costs	note 7)	Totals
All	charitable	activities	890,291	251,391	1,141,682

SUPPORT C	OS	TS
					Governance
			Management	Other	costs	Totals
Raising donations		and legacies		2,684		2,684
All charitable	activities		31,073	138,468	81,850	251,391
			31,073	141,152	81,850	254,075

Support cost	s, included i	n the above, are as follows:
				31.3.23	31.3.22
		Raising
		donations	All
		and	charitable	Total	Total
		legacies	activities	activities	activities
Insurance			31,073	31,073	31,251
Premises costs			25,460	25,460	18,768
Licenses			1,629	1,629	4,187
Travel expenses			21,789	21,789	12,235
IT		2,684		2,684	1,454
Postage and	stationery		5,680	5,680	12,535
Sundries			8,318	8,318	4,893
Recruitment			64,426	64,426	29,900
DBSchecks			3,382	3,382	322
Staff training			7,657	7,657	245
Marketing			127	127	2,518
Governance	costs		14,700	14,700	12,000
Bad debts			820	820
Bank charges			1,337	1,337	1,646
Professional	fees		64,993	64,993	49,650
		2,684	251,391	254,075	181,604
NET INCOME/(EXPENDITURE)
Net income/(expenditure)		is stated after charging/(crediting):
				31.3.23	31.3.22
Governance	costs			14,700	12,000
Depreciation	- owned assets			127,647	128,034

StafFcosts were as fo	llows:
			31.3.23	31.3.22
			f.
Wages and salaries Social security costs Other pension costs			541,594 32,942 25,720	484,584 25,340 27,636
			600,256	537,560
The average monthly	number ofemployees	during the year was as follows:
			31.3.23	31.3.22
Raising funds Charitable activities			1 39	1 35
			40	36

COMPARATIVES FOR THE STATEMENT OF FI	NANCIAL ACTIVITIES
	Unrestricted	Restricted	Total
	funds	fund	funds
INCOME AND ENDOWMENTS FROM
Donations and legacies	441,003	202,057	643,060
Charitable activities
Membership fees Session fees	7,725 16,248		7,725 16,248
Catering income	7,732		7,732
Other trading activities	43,145		43,145
Total	515,853	202,057	717,910
EXPENDITURE ON
Raising funds	14,139	11,418	25,557
Charitable activities
All charitable activities	848,023	151,272	999,295

11.	COMPARATIVES	FOR THE STATEMENT OF FINANCIAL	FOR THE STATEMENT OF FINANCIAL	FOR THE STATEMENT OF FINANCIAL	ACTIVITIES- continued	ACTIVITIES- continued
					Unrestricted	Restricted	Total
					funds	fund 6	fundsI
	Total				862,162	162,690	1,024,852
	NET INCOME/(EXPENDITURE)				(346,309)	39,367	(306,942)
	RECONCILIATION		OF FUNDS
	Total funds brought	forward			5,162,606	46,524	5,209,130
	TOTAL FUNDS CARRIED FORWARD				4,816,297	85,891	4,902,188
12.	TANGIBLE FIXEDASSETS
						Fixtures
					Long	and
					leasehold f	fittings	Totals
	COST
	At 1 April 2022 and	31 March 2023		5,084,603		243,276	5,327,879
	DEPRECIATION
	At 1 April 2022				620,832	192,251	813,083
	Charge for year				101,693	25,954	127,647
	At 31 March 2023				722,525	218,205	940,730
	NET BOOK VALUE
	At 31 March 2023			4,362,078		25,071	4,387,149
	At 31March 2022			4,463,771		51,025	4,514,796
13.	DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
						31.3.23	31.3.22
							8
	Trade debtors					26,805	83,838
	Other debtors					2,222	1,952
	Accrued income					20,000
	Prepayments					5,316	18,288
						54,343	104,078

			31.3.23	31.3.22
Trade creditors			30,328	55,048
Social security and other		taxes	7,835	6,576
Other creditors			1,953	1,842
Accrued expenses			29,887	13,565
			70,003	77,031
DEFERRED INCOME
			31.3.23	31.3.22
Balance brought	forward			19,161
Amount released	to income in the year			(19,161)
Amount deferred	during	the year

MOVEME	NT IN FUNDS
			Net
			movement	At
		At 1.4.22	in funds	31.3.23
Unrestricted	funds
Unrestricted	funds	352,527	67,216	419,743
Designated	funds	4,463,770	(101,6921	4,362,078
		4,816,297	(34,476)	4,781,821
Restricted funds
Restricted funds		85,891	(63,326)	22,565
TOTAL FUNDS		4,902,188	(97,802)	4,804,386

				Incoming	Resources	Movement
				resources	expended	in funds f
Unrestricted funds
Unrestricted funds				968,174	(900,958)	67,216
Designated	funds				(101,692)	(101,692)
				968,174	(1,002,650)	(34,476)
Restricted	funds
Restricted	funds			126,837	(190,163)	(63,326)
TOTAL FUNDS				1,095,011	(1,192,813)	(97,802)
Comparatives for movement			in funds
					Net
					movement	At
				At 1.4.21	in funds	31.3.22
						8
Unrestricted funds
Unrestricted	funds			597,143	(244,617)	352,526
Designated	funds			4,565,463	(101,692)	4,463,771
				5,162,606	(346,309)	4,816,297
Restricted	funds
Restricted	funds			46,524	39,367	85,891
TOTAL FUNDS				5,209,130	(306,942)	4,902,188
Comparative net movement		in	funds, included	in the above are as follows:
				Incoming	Resources	Movement
				resources	expended	in funds
				8
Unrestricted funds
Unrestricted	funds			515,853	(760,470)	(244,617)
Designated	funds				(101,692)	(101,692)
				515,853	(862,162)	(346,309)
Restricted	funds
Restricted	funds			202,057	(162,690)	39,367
TOTAL FUNDS				717,910	(1,024,852)	(306,942)

			As at I				As at 31
			April				March
MOVEMENT IN FUNDS			2022	Income	Expenditure	Transfers	2023
Unrestricted funds
General funds- all funds			352,527	968,174	(900,958)		419,743
Designated funds - building project			4,463,770		(101,692)		4,362,078
			4,816,297	968,174	(1,002,650)		4,781,821
Restricted funds
BBCChildren in Need			4,719		(4,719)
BBCChildren in Need -	Cost of
Living				500	(500)
Mentoring			29,474	40,000	(69,474)
Awards for All			3,738		(3,738)
Council Holiday Club			4,832		(4,832)
Council- HAF			34,783		(34,783)
D'oyly Carte Trust Music/Arts
project			3,000		(3,000)
The Roger dc Douglas Turner
Charitable Trust			3,000		(3,000)
Keith Rae Charitable Trust				440	(440)
Gimmit Trust Adapts				2,000	(2,000)
Holiday Club - Climbing				700	(700)
Burberry - Arts Project Peter Harrison Foundation				5,000 2,468	(5,000)		2,468
Groundwork UK Tesco				500	(500)
Youth Endowment Fund			2,345		(2,345)
Tettenhal I Rotary Grantham Yorke				500 3,000	(500) (1,203)		1,797
Eveson Trust - Growing	Futures			10,000			10,000
Culture ofhealth - OnSide				17,276	(17,276)
Onside Holiday Hunger	Grant			29,034	(29,034)
Keith Rae Trust - Circus	Project			800			800
The Football Foundation				7,119	(7,119)
UFC - Ultimate Fighting
Championship				7,500			7,500
			85,891	126,837	(190,163)		22,565
			Asst I				As at 31
			April				March
PRIOR YEAR			2021	Income	Expenditure	Transfers	2022
Unrestricted funds
General funds- all funds			597,143	515,853	(760,470)		352,526
Designated funds - building		project	4,565,463		(101,692)		4,463,771
			5,162,606	515,853	(862,162)		4,816,297

BBCChildren in	Need	(4,230)	54,852	(45,903)	4,719
Youth Endowment Fund		2,345			2,345
Mentoring		44,671	100,000	(115,197)	29,474
Awards for All		3,738			3,738
Council Holiday	Club		4,832		4,832
Council - HAF			34,783		34,783
Bite Size Pieces			500	(500)
Job Retention Scheme			1,090	(1,090)
D'oyly Carte Trust Music/Arts
Project			3,000		3,000
The Roger A, Douglas Turner
Charitable Trust			3,000		3,000
		46,524	202,057	(162,690)	85,891

						31.3.23	31.3.22
				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
					f
INCOME	AND ENDOWMENTS
Donations	and	legacibs
Donations				278,129		278,129	162,330
Gilt aid				20,000		20,000	54
Grants				538,140	126,837	664,977	4$0,676
				836,269	126,837	963,106	643,060
Other trading		activities
Fundraising	events						288
Room hire				9,193		9,193	42,857
				9,193		9,193	43,145
Charitable	activities
Operations	ofThe Way			120,844		120,844	31,705
Other income
Bank Interest Received				1,868		1,868
Total incoming		resources		968,174	126,837	1,095,011	717,910
EXPENDITURE
Raising donations			and legacies
Wages and	salaries			41,447		41,447	25,557
Consultancy				7,000		7,000
				4$,447		48,447	25,557
Charitable	activities
Wages and	salaries			417,118	141,690	558,808	521,844
Youth Project Delivery Expense				8,454	14,517	22,971	30,242
Travel expenses				790		790	1,060
Premises costs				100,036	1,804	101,840	80,654
IT				15,206		15,206	8,239
Catering				7,873	30,156	38,029	26,618
Onside Youth Zone Services				25,000		25,000	21,000
Depreciation oftangible fixed assets				127,647		127,647	128,034
				702,124	188,167	$90,291	817,691
Support costs
Management
Insurance				31,073		31,073	31,251

				31.3.23	31.3.22
		Unrestricted	Restricted	Total	Total
		funds	funds	fundsf	funds f,
Management
Other
Premises costs		25,460		25,460	18,768
Licenses		1,629		1,629	4,187
Travel expenses		21,789		21,789	12,235
IT		2,684		2,684	1,454
Postage and stationery Sundries		4,684 7,318	996 1,000	5,680 8,318	12,535 4,893
Recruitment		64,426		64,42(	29,900
DBSchecks		3,382		3,382	322
StafFtraining Marketing		7,657 127		7,657 127	245 2,518
		139,156	1,996	141,152	87,057
Governance	costs
Governance	costs	14,700		14,700	12,000
Bad debts		820		820
Bank charges		1,337		1,337	1,646
Professional	fees	64,993		64,993	49,650
		81,850		81,850	63,296
Total resources expended		1,002,650	190,163	1,192,813	1,024,852
Net (expenditure)/income		(34,476)	(63,326)	(97,802)	(306,942)