REGISTERED COMPAIYY NUMBER: 08341220 (England Ind Wg1¢s) REGISTERED CHARITY NUMBER: 1151247 Report of the Trustees v4nd Finan¢ig1 Ststements for the Year Ended 31 M¥4T¢h 2025 for WOLVERHAMvfoN YOUTH ZONE L4ncaster Haskins Limited Granville House 2 Tettenhall Road Wolverhampton West Midlands WVI 4SB
WOLVERHAMPTON YOUTH ZONE Contents of the Financial Statements for the Year Ended 31 March 2025 Page Reference And Administrative Details Report of the Trustees ststement of Trustees, Responsibilities Report of the Ind¢pendent Auditors 12 Statement of Financial Activities 15 Bvdlance Sheet 16 Clsh Flow Statement 17 Notos to the Cash Flow Statement 18 Notes to the Financial Statements 19 Detsiled Statement of Financial Activities 31
WOLVERHAMPTON YOUTH ZONE Referenee and Administrative D¢tsils for the Year Ended 31 March 2025 TRUSTEES Mrs P K Brigue (resigned 6.8.25} Mrs A Benjamin (resigned 31.3.25) Mrs K C Griffiths (resigned 31.8,24) Mrs L J Bashford l Budd (resigned 8.11.24) Tmun Miss C L K Swift (resied 6.11.24) AKR&ju Ms S A Butcher (resigned 2.11.24) Mrs A K Summan.Ram E Vitalis - Chair (appointed 17.7.24) O V Adekoya (appointed 29.1.25) C Hawkins Pinchers (appointed 21.5.25) P Humpage (appointed 21.5.25) L A Rook (appointed 25.9.24} C S B Bissitt (appoinl¢d 6.8.25) COMPANY SECRETARY MTS A K Summan-Ram REGISTERED OFFICE The Way School st¢t Wolverhampton West Midlands WV3 ONR REGISTERED COMPANY NUMBER 08341220 (England and Wales) REGISTERED CHARrrY NUMBER 1151247 INDEPENDENf AUDITORS Lancaster Haskins Limited Granville House 2 Tettenhall Road Wolverhampton West Midlands WVI 4SB BANKERS Handelsbanken Trinity Court Ground 2 Broadlands Wolverhampton WVIO 6UH Page I
WOLVERHAMYTON YOUTH ZONE Report of the Trustees for the YeAr Ended 31 March 2025 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 March 2025. The ttUStees have adopted th¢ provisions of Accounting and Reporting by Charities: Statement of Recommcnded 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 l January 2019). Megsage from our Chair It is with great pride and a deep sense of responsibility that I present my first Chair'5 report for The Way Youth Zone. It h&8 been an exceptional year of energy, renewal, and strategic refocus - not just for us locally in Wolverhamptoo but as part of the wider Onside N¢twork. which continues to champton high-quality. youth-led provision across the UK. A New Cha tcr at The Wa 2024-25 marked a period of ren¢wdl at The Way. with the appointment of our new Chief Executive, Paul Snape, who brings both grassroots and executive-level leadership experienG¢. Paul's arrival signalled a reinvigoration of our strategic direction. culminating in the launch of our new four-year plan, co-produced with young people, staff and trustees. This plan focuses on enhancing youth provision. developing a sustsinable funding model, investing tn our people, and Strengthening infrastructure. These pillars are not abstract aspiralions - they are already in motion. Under Paul's leadership, and through the extraordinary work of our staff and volunteers, The Way has grown its membership and increased regular attendance. We now support over 800 young people per week, offering more than 20 activities per session. Our newly refurbished sensory room, strengthened employabllity programmes, and refreshed arts and wellbeing initiatives reflect the evolving need5 Of the young people we serv¢. Youn Peo le First Alwa s Everything we do continues to be shaped by our unwavering commitment to youth voice and youth leadership. Our members ar¢ not just participants - they are co<reators, advisors, ambassadors, and changemakers. This year, young people helped lead initiatives around mental health, diversity and inclusion, and even played a key role in designing new spaces within the Youth Zone. Their feedback, often shared via digital channels, social plarforms, and through structured youth voice forums. is driving real change. We have also increased our reach in communities where need is greatest, with focused outreach work ensuring that The Way is inclusive, accessible. and representative of Wolverhampton's rich diversity. We are particularly proud of our targeted programmes for young people with additional needs. and the 0wIng engagement from girls and young women, supported by a safe and ernpoweiing environment. Our Network and Our Movement The Way's strength lies not only in its building, team, or programmes - but in its belonging to something bigger: the Onside Netsvork. Onside continues to be a beacon of innovation in youth worK with over 50.000 members now acros5 more than 16 Youth Zones nationally. The power of being part of this movement is evident in how best practice is shared. peer support is enabled, and standards are raised collectively. This year we benefitted from several Network_led initiatives including leadership development frir youth workers. digitsl infrastructure upw7des. and Shared impact reporting frameworks. Across Linkedln, Instagram, and Onside's own platfonn, The Ways achievements bave been regularly showcased as an example of local excellence powered by national collaboratton. Partnershi sandlm We are hugely grateful to our funders, sponsors, and individual donors - both longstanding and new. Your belief in our mission and trust in our leadership h&8 enabled us to sustain and gmw our offer at a time when the cost-of-living Grisis continues to affect the lives of many families in Wolverhampton. Partnerships with the City Council. schools, local businesses, and health organisations have strengthened this year. These alliances have allowed us to jointly tackle issues such as food insecurity. youth unemployment, and isolation. Our commitment to serving as a trusted hub for young people and families continues to grow stronger each day. Page 2
WOLVERIIAMPTON YOUTH 7nNE Report of the Trustees for the Yev4r Ended 31 March 2025 Lookin Forward As Chair, I have the privilege of working alongside a highly engaged and experienced Board of Trustees. This year, we have committed to reviewing our owi governance, increasing our visibility, and strengthening how we listen to and refle¢t community voice ill our strategic decisions. The Way has never been more relevant. In uncertain times, we are a place of stability, creativity, and hope. Together with our team, our supporters. our partners. and most importantly, our young people - we aff building a legacy that will outlive us. To all who have 5UPPOrted us this year - thank you. Your investment is not only in a building or a programme, but in futures that deserve to be brigllt. Edward Vitalis Chair of the Board of Trustees The Way Youth Zone, Wolverhampton OBJECTIVES AND AcfiviTIES Who we are Wolverhatllpton Youth Zone. named by young people as 'The Way. is a purpose-built facility for the city's young people aged 8 - 19. and up to 25 for those with additional needslglobal delay. The Youth Zone provide5 a safe environment, where young people &qn spend their leisure time, helping each young person to raise their aspirations, well as improve their physical and mentsl health. The Youth Zone provides help, support, and education for young people of all abilities, predominantly resident in the Wolverhampton area, through the provision of sports, arts and re¢reation activities, mentoring and employability support. Up to 20 different activities take place each nighL such as football, boxing. dancing, climbin& creative arts, music, drama, and employability training- all for just £5 annual membership and 50p per vislt. Our operating model uses a unique parlnership approach; drawing together the Local Authority. private sector businesses* young people and the wkder local community. This partnership approach establishes the Youth Zone at the heart of the community for the long teTm, whilst meeting the needs of young people today. Our Vision To be the go-to place for young people in Wolverhampton. Our Mission - To invest in young people, aged 8-19. through safe. state of the art facilities. dedicated staff and quality. fun activities. We will engage with young people on a voluntary basis, SLWPOrting them to thrive, make positive decisions, creating growth and resilienG¢ for the future. Always putting young people first. Our Values TOGETHER We are committed to building tK)sitive, inclusive relationships with all. Individuals are Tespected and celebrated within The Way community. HONEST We are open and sincere. We act with inteIty and transparency and are accountable for our words and actiOT]S. - ENERGETIC We approach all we do with a'can-do, attitude. We are positive. dynamic. and tlexible and always give our best foT Wolverhampton's yOLmg 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 improv¢. We ww, progress, and develop a5 an organisation and as individuals. W¢ l¢ad by cxample. and inspire others. - YOUTH-LED We are needs-led and young person focused throughout our wo. Page 3
WOLVERHAMPTON YOUTH ZONE Report of th¢ Trustees for the YeY4r Ended 31 March 2025 STIL4TEGIC REPORT Achievements and perfoTmance Our aetiviti¢8 The charity delivers its objectives through a purpose-built Youth Zone building. branded 'The Way. which was built in the heart of the city in one of the most deprived areas of the West Midlands. Lt provides somewhere for young people to go and give them something to do and someone to talk to in a safe environment, providing a huge range of positive activities for a minimal charge per visit. We are nomially open 6ayS a week as a safe space for young people. The experienced and skilled staff and volunteers at The Way enge with young people aged between 8 and 19, or up to 25 for young people with a global delay, by providing first-class sports. dance. music. medi4 art5 and recreation activities. which empower them to build grealer self-confidence and self-esteem, develop positive relationships, raise and achieve their aspiralions. develop self-dis¢iplin¢, resilience and trust and live happier. healthier lives as per the objectives of the charity. A¢tivities offered include: - a multi-use outdoor all-weather 5POrts pitsh tt) host five-a-side football matches. a Multi-Se four-COLLrt sports hall. - a perfomiing arts studio for dance and theatre including. street. hip hop and contemporary dance, choreogTaphy* drama and dance leadership. a llY equipped fitness suite, a music studio offering rewrding. produ¢ing, mixin& singing, DJ Facilities and musical instrument coaching. an enterprise media suite and programme through which young people Can get support looking for jobs and wvrk experience placements &$ well as help writing their Cvs or enhancing InteieW skills. - a climbing wall. a training kitchen, giving young people essential life skills. - a boxlng and MMA studio. - a'Health and Wellbeing Room,. offering a space ft)r young girls and women and support with more challenging issues such as relationships and keeping safe. - a cafe designed by the young people and offering home cooked food at discount prices. - an extended arts room offering pottery, drawing, writing, fhlon, textiles, and photography. and - a newly refurbished sensory room-designed by our young people. Page 4
WOLVERHAMVtON YOUTH ZONE Report of the Trustees for the Year Ended 31 March 2025 STRATEGIC REPORT Achievements and performanee Building on Our Heritage In the heart of Wolverhampton, a beacon of inspiration and opportunity arose in 2012, thanks io the visionary collaboration between the Wolverhampton City Council, local businesses, and Onside. The Way Youth Zone. a dream hampioned by philanthropists likc Stevc Morgan CBE. The Queen's Tn( and St Jamcs's Place Charitable Foundaiion, transfotined into a vibrant reality. offering a sanctuary where the youth Could soar. Since opening our doors in January 2016, we have been a second home to young people aged 8-19, offering an array of over 20 activities nightly. Our purpose-built haven is more than just a building- it's a dynamic space where young minds from all walks of life converge to explore, create, and dream. Here, friendships blossom, skills are honed. and potential is unleashed in an atosphere brimming with energy and fun. At the core of The Way Youth Zone is our dedicated team of youth workers. the unsung heroes who provide unwavering support and guidance every day. They ar¢ the mentor& the Gonfidants. and the cheerleaders who ensure that every young person feels heard, valued, and empow¢red. Through meaningful conversations, collaborative projects, play1 games. and specializ¢d support, we offer transfomative experiences that ignite the spirit and foster resilience in our community's youth. This year mark5 the ninth full operational year for The Way. Our programme5 and partnerships have continually ¢volved to address the shifting needs of the young people and the cornmunity we 5erYe. Today's youth face real-tim¢ ¢hallenges in mentsl health, resilience, and cost of living. We are profoundly grateful to our past and present supporters for turning the Youth Zone vision into reality. W¢ have a responsibility towards our children and young people to ensure they continue to reap the benefits of our Safe, state-of-the-art facilities. committed staff, and highuallty, enjoyable activities that foster growth and resilience. Our Impact During the Year The 202412025 period Maed the first year of our four-year strategic plan, themed REBUILD. This foundational year focused on strengthening our core offer, rebuTlding trust and relationships, and laying the groundwork for long-term growth and sustainability. We measured our progress against a comprehensiv¢ set of KPIS and OKRS a¢ross the organisation. Our achievements are wuped below under eh strategic theme: Youth Provision & Stakeholders - Increased opening hours to 27 per weeK across 6 days, and 4 types of sessions. - Delivered 424 sessions across Juniors (8-12), Seniors (13-19). SEND Squad and Family Sessions. - Our average "green" membership per rnonth was 2,485. and of those mernbers:
Weekly attendance averaged 800 young people, with strong engagement across all age groups. 500/0 of members remained active. reflecting high levels of satisfaction and retention. Delivered an average of 20+ activities per session, spanning sports, arts, employability, and wellbeing. - Provided more than 800 healthy meals weekly, ensuring access to affordable andlor free nutrition. Expandcd our SEND and inclusion offer. with a 20% increase in participation from young people with additional needs. - Delivered monthly impact reporting, capturing both qualitative and quantitative outcomes. - Ran successfvl Holiday Activities and Food (HAF) programmes. reaching hundreds of children during school breaks. Intemal & Infrastructure - Implemenfrd new HR systems and began str¢amlining operational processes. - Strengthened intemal communications and daily briefjngs aGross teams. Improved building utilisation and income generation through new long terni licence agreements, and an attractive room hiTe proposition. - Integrated Fareshare and Neighbourly platfonns to reduce catrTing wsts and improve sustainability. Page 5
WOLVERHAMPTON YOUTH ZnNE Report of the Trustees for the Year Ended 31 March 2025 STRATEGIC REPORT Achievements ind performanee Fundrdisin & Communications - Hosted the Bright Beginnings Bash. a flagship event celebrating our journey and re-engaging patrons, supporters, and partners-old and new. - Reconnected with lapsed supporters and welcomed new donors into The Way community. - Relaunched our patron network offer, with increased engagement and stewardship. - Strengthened our communications strategy. including storytelling. irnpact rqK)rtin& and social media eT]gagement. Learnin &Peo le Develo ment - Delivered blended learning opportunities through the Flick Platfo and the Onside Talent AeMY. - Began an organisational restrncture and clarified both staff and leadership mles and responsÉbilities. - Began a stsff engagement programme. beginning with an all-staff survey. to develop into a You Said. We Did feature. - Embedded a culture of continuous improvement and feedback across teams. Finances & Bud et Mana ement - mi&t¢d to Xero accounting software, improving fmancial reporting and transparency. - Strengthened budget planning and refor¢¢asting pro¢ess¢s. - Improved restricted funding management and introduced clearer project budgeting frameworks. - Identified cost-saving opporNnities and improved procurernent practices. The Way is more than a building-it's a place where young people feel safe, seen, and supported. A place where aspirations are raised, and futures are shaped. The ripple effects of our work are visible in improved wellbeing. reduced anti-social behaviour, artd stronger cornmunity cohesion. Social Value As part of the Onside Youth Zone network, The Way eontributes to the significant social value generated ac)SS ihe country. According to Onside's independent evaluation, every £1 invested in a Youth Zone delivers over £13 in social value. This includes improved mental and physical health. reduced crime and anti-social behaviour, enhanced educational outcomes, and increased employability. At The Way. we see this impact every day-from young people gaining confidence and leadership skills, to families accessing vital support, to communities becoming safer and more wnnected. Our work doe5n% just change lives-it strengthen5 the fabric of Wolverhampton. By providing a safe. inclusive, and inspiring environment, we are helping to build a Ilealthier. more r¢sili¢nt ¢ity-one young person at a time. By investing in The Way. and our young people, we are investing in Wolverhampton's future. Together, we are paving The Way to Brighter Futures. Financial review Finaneial position A sununary of th¢ income and expenditure is as folloms: 2025 2024 Total in¢ome Total expenditure (excluding depreciation charges) 1,264,964 (1.386.361) 1.214,896 (1,273,308) Net in¢omel(expendi¢ure) b¢for¢ depre¢iation charges Depreciation charges (119,397) (115,868) (58.412) (122,140) Net in¢omel(expenditur¢) for the year {237,265) (180,552) Page 6
WOLVERHAMPTON YOUTH ZONE Report ofthe Trustees for the Year Ended 31 March 2025 STRATEGIC REPORT Financial review Reserves policy The trustees ofwolverhampton Youth Zone (The Way) are focusing on building back to a reserve equivalent to a rolling three months of operdling c05ts, although current Te5erves are below this target. This policy ensures ihe charitys financial stability and ability to continue its vital work in th¢ event of unfore5¢en circumstances. While priorit15ing this reserve level. trustees will also strategically invest ndS in young people, recognising that this investment is needed now more than ever. Over time, the goal is to build on these reserves, providing even water security and flexibility for the ¢haritys future endeavours. Going concern The Trustees have reviewed the ability of the Charity to continue to operate as a going conceTn, considering the impa of infiation and other external environmental pressures in this review. After care1 analysis of the Chariws inwTn expenditure and unrestricted reSee5, the Trustees are confident in the Charity's ability to Continue as a going concem. Through the Senior Te the Trnstees continue to maintain light control of the fixed cost base and a clear line of sight of the financial health of the Charity. After making enquiries, the Trust¢¢s have a reasonable expectation that the charity has adequate resources to continue in operdtional existence for the foreseeable future. Thus, they continue to adopt the going concern basis of a¢¢ounting in preparÈng the annual financial statements. Further detsils regarding the adoption of the going concern basis can be found in note 21 of the financial statements. Directors and trustees The trustees who served during the year and thereafter are listed on page l. Risk management The Trustees operate a considered and thorough appn)ach to identifying and managing the major risks to which the Charity is exposed. The risk register, which has been under regular review this year, is presented and revAew¢d annually (as a minimum) by the Trustee board. the Senior Leadership Team review the register quarterly and where a significant change in risk level or type has been identified, will escalafr this to the Trustee board more frequently. The Risk Register will be kept under revicw to ensure it remains suitable. The Trustees have considered the principal risks and consider these to be- recruitment. retention & wellbeing of staff teams; and failure to secure budgeted income from private and public fimders and fundraising activities. Tn relation t() recruitment. retention and wellbeing of staff teams, people planning is a regular activity and progress is considered against the aims of the organisation. We want to attract and retain people with talent, commitmenL and a passion to make a difference to the lives of young people. We can support thi5 through investing in our team: w¢ want staff who are developed to meet their full potential. We can do this through good Communications, internal trdilliT]& employee support, performance and appraisal processe5. In relation Éo securing funding, a significant level of support already been given and continu¢s to be generated from several local and national benefactors for which we are grateful. Alongside funding from Wolverhampton City Council and fees provided by users of the facilities, this is expected to ¢over operational revenue costs. We are working to broaden our income base through a renewed wmmunications and fundraising strategyj together with targeted funding bids aligned to our delivery programme. Page 7
WOLVERHAMPTON YOUTH ZONE Report of the Trustees for the Year Ended 31 March 2025 STRATECIC REPORT Planning for the future As we enter the second year of our strategic plan-REFOCUS-we shift from rebuilding to tharpening our offer, aligning re50UTces. <md deepening our impact. This year is about clarity, quality, and connection. Youth Provision & Stakeholders We will wntinue to grow and enhance our dynamic. youth-led provision by: Expanding our universal offer to 34 hours per weeK including piloting chill n chat hour before each main session targeting the home school community and those who might prefer a quieter space. - Embedding digital inclusion, employability. and mental health support into core programmlng. - Strengthening our inclusion strategy to ensure all young people feel welcome and supported. - Developing and sGaling our outreach and partnership work with schools, Family Hubs, and community groups. Internal & Infrastructure We WAII refine our infrastructure to support growth and resilience by. - Embedding our Quality Management System and streamlining operntional processes. - Further enhancing HR systerns and staff wellbeing initiatives. - Increasing income from building hire and catering through improved commercial strategies. - Delivering a proa¢tive capital maintenanc¢ programme to future-pr(bof our facilities. Fundraisin & Communications We will build a sustainable funding model and amplify our brand by.. - Growlng our patron network and diversifying income str¢ams. - Launching a l O-year legY campaign to re-engage founder patrons. - Strengthening donor stewardship and impact communications. Leveraging digital platforn]s to tell our story and engage new supporters. Learnin &Peo le Develo ment We will continue to be a great place to work by: - Finalising our organisational restructure and leadership development framework. - Delivering a ¢ompr¢h¢nsive training matrix for all roles. - Embedding the Onside Excellence Frdmework and continuous improvement culture. - Lnhanctng governance through trustee development and board engagement. Finance & Bud et Mana ement We will further strengthen our financial systems and plamling to ensure long-terni sustainability by: - Embedding the use of Xero for real-time financial reporting and irnproved transparency. Introducing a five-year financial plan aligned with strategic priorities and growth ambitions. - Enhancing budget forecasting and reforecasting processes to support agile decisioD-making. Standardising project budgeting and full cost recovery frameworks across departments. - tklivering training for budget holder5 to increase financial accountability and confidenGe. STRuuRE, GOVERiYALYCE AND MANAGEMENT Governing document Wolverhampton Youth Zone is a company limited by guarantee without share ¢apital and registered under the Companies Act. The company is governed by its Memorandum and Articles of Association and rnanagement of the company's affairs is vested in the Tte¢s. Page 8
WOLVERHAMPTON YOUTH ZONE Report of the Trustees for the Year Ended 31 March 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Recrnitment alld appointment of trustrts New Trustees are to be reLruited according to ihe skills and capacity needs of the charity and the suilabillty of p)ssible candidate5. Following the opening of the facility the composition of the Board has changed to reflect people who are active in the local community. As such. Trustees have been appointed in relation to their integrity and probity and proven record in their chosen professional career. It 15 expected Ihat the policy attaching to appointments will continue in that vein. The backgrouTtd of each appointee is such that formal training is not required. Newly appointed Trust¢e5 are provided with a comprehensive induction to Th¢ Way. through in-house meetings with the existing Trustee5 and the Chief Executive OITicer. The rules of Trnstee appointment are set out in the company's Memorandum and Articles of AssociatiOT4 which may be inspected at the registered otTice. Organisgtional structure Wolverhampton Youth Zone is governed by its Board of Trustees. which is spOnsIble for setting the strategic direction of the organisation and the policy of the charity. The Trustees carry the ultimate responsibility for the conduct of the Wolverhampton Youth Zone and for ¢nsuring ihat th¢ Charity satisfi¢s its l¢gal and wntracwal obligations. The Trustees meet on a bi-monthly basis. Day-to-day management is delegated to the Chief Executive oifi¢er. Paul Snape. The Board of Trnstees considers that working with the Board. who are the directors, the Chief Executive Officer is key to the leadership of the ¢harity. Paul is supported by an experienced, skilled, and efftIVe management team. The pay of the Chief Executive Officer is reviewed amiually by the Board of Trustees via NARCO (Nominations and Remuneration Committee). Volunteers In addition to employing fvll and part-time stsff, The Way's operating mi)del is also reliant on the support of regular volunteers who attend specific sessions to engage with young people across all our activities. We a incredibly thankful and appr¢Giative to all our volunteers. and they are a vital part of our charitable work. Wider network W¢ are part of the Onside Network. a growing group of youth centres we call Youth Zones across the UK developed by the charity Onside Youth Zones (charity number 1125893) with the same mission, lo provide young people with the OPkK)rtunity to shille and fvlfil their potential. Between us we support tens of thousands of young people nationwide. As the OnSid¢ Network grows together, it works together. We support each other by sharing ideas. learning frorn each other about what works for young people and by charnpioning the power of youth work locally. regionally and nationally. Over 50,000 young people memb¢rs of OnSid¢'s growing Network, currently in areas including: Barking and Dagenham. Barnet, Bolton. Blackbum, Carlisle, ChoTley. CroydoD. Hammersmith and Fulham, Manchester. Oldham, Salford Warrington, Wigan and Wirral. We are proud to be part of a Network that has been putting young people and thelr needs first for over a decade. IV5 inspiring. IVS empowering. And it works. Fund-rlising standards information The Trnstees wish to record their thank5 to all those Trusts, individuals and companies who have made donations to support the WO of the Charity. Wolverhampton Youth Zone raises funds by approaching businesses and philanthropic individuals who have an interest in supportiT]g young peopl¢. We a150 apply for grants and to Trusts that have the same interest. The charity is not currently a member of any voluntary srheme for r¢gulating fund-raising. During the period, the charity re¢eived no complaints regarding its nd-raising activities. The charity does not street or dooT-to-door tund-raise so does not come into Contact with vulnerable or other people who may feel intruded upon, be unreasonably approache(L or have pressure placed upon them. Page 9
WOLVERHAMYfoN YOUTH ZONE Report of the Trustees for the Year Ended 31 March 2025 AUDITORS The auditors. Latlcaster H&8kins Limiled, will be proposed for re-appointment at the forthcorning Annual General Meeting. Report of the tnte¢s, incorporating a strategic repor¢ approved by order of the board of trustees. as the company directors. on 24 September 2025 and signed on the board's behalf by: E Vitalis - Trustee Page 10
WOLVERHAMwfoLY YOUTH ZONE Ststement ofTrustee5' Responsibilities for the Year Ended 31 March 2025 The trustees (who are also the directors of Wolverhampton Youth Zone for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (Uniled Klngdom Generally Accepted AGGounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of th¢ incoming resources and application of resource5, including the income and expendityre, of the charitable company for that period. In pr¢paring those financial slatements, the trustees are required to select suitable accounting policies and then apply them consistently. observe the methods and principles in the Charity SORP. make judgements and estimates that are reasonable and prudent, state whether applicable accounting standards have been followed, subject to any material departhres disclosed and explalned in the financial statements, prepare the financial ststements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the fAnancial position of the charitable company and to enable thern to ensuTe that the financial statements Comply with the Covnpanies Act 2006. They are also responsible for safeguarding the assets of the charitable company and henc¢ for tsking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the trustses are awar¢: there is no relevant audit inforniation of which the charitable company's auditors are unaware. and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit inforniation and to establish that Éhe auditors are aware of that inforn]a¢ion. The financial ststements comply with current statutory requirements, the company's Memorandum and Articles of Association and the Charities SORF. Pagell
Report of the Independent Audilors to the Members of Wolverhampton Youth Zone Opinion We have audited the financial statements of Wolverhampton Youth Zone (the 'charitable company,) for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Ststement and notes to the financial statements. including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom GcnErally Accepted Accounting Practice), includitkg Financial Reporting Standard 102 'The Financial Reporting Stsndard applicable in the UK and Republic of Ireland,. In our opinion the financial statements.. give a true and fair view of the state of the charitable company's affairs a8 at 31 March 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended: have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 The Financial Reporting Standard appli¢abl¢ in the UK and Republlc of Ireland,. and have been prepared in accordance with the requirements of the Companies Act 2006. Bydsis for opinion We conduthed our audit in accordance with Intemalionai Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are rther described ill the Auditors, responsibilities for the audit of the financial statements section of our report. We are independent of the Charitable Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going eoncern In auditing the financial statements, we have concluded that the trust¢¢S' Use of the going conrern basis of accounting in the preparatiort of the financial statements is appropriate. Based on the work we have perfonned, we have not identified any material uncertainties relating to cvents or Conditions thaL individually or collectffively, may cast significant doubt on the charitable company's ability to contlDue as a going oncern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concem are described in ihe relevant sections of this report. Other information The trustees are responsible for the other inforntion. The other infomation comprises the inftimation included in the Annual Report. other than the financial statements and our Report of the Independent Auditors thereon. Our opinion on the financial statements does not cover the other inforniation and. except to the extent othen¥ise explicitly gtated in our report, we do not express any forn) of assurance conclusion thereon. In connection with our audit of the fmancial statements, our responsibility is to read the other inforn)ation and, in doing so, wnsider whether the other infomation is materially inconsistent with the financial statements or OUT knowled¥e obtsined in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to deterniine whether this gives rise to a material mi55tatement iT] the financial statements themselves. If, based on the work we have perfornied, we conclude that there is a material misstatement of this other information. we are requird to r¢port that fact. W¢ have nothing to report in this regard. Opinions on other matters prCTibed by the Companies Aet 2006 In our opinioll, based on the work undertaken in the course of the audlt: th¢ inforniation given in the Report of the Trustees for the financial year for which the financial stat¢ment5 are prepared is consistent with the financial stat¢m¢nts' and the Report of the Trustees has been prepared in accordance with appllcable legal requirements. Page 12
Report of the Independent Audltors to the Members of Wolverhampton Youth Zfjne Matters on which we are required to report by exception In the light of the knowledge and understanding of ihe ¢haritsble company and its environment obtained in the course of the audit. we have not identified material misstatements in the Report of the Trustees. We have nothing to report in respect of tILe following matters where the Companies Act 2006 requires us to report to you if, in our opinton- adequate accounting records have not been kept or returns adequate for our audit have not been received frorn branches not V151ted by us. or the financial statements aTe not in agreement with the accounting records and returns: or certain disclosures of trustees, remuneration spe¢ified by law are not made. or we have not received all the inforniation and explanations we require for our audit. Responsibilities of trustees As explained more fully in the Statement of Trustees, Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparatlOD of the financial statements and for being satisfled that they give a true and fair view. and for such internal control as the trustees detemiine is necessary to enable the preparation of financial statements that are free from materiaE misstatemenL whether due to fraud or error. In preparing the financial ststements, the trustees are responsible foi assessing the charitable company's ability to continue as a going concern. disclosing. as applicable. matters related to going concern and using the going concern basis of accounting unless the ttwtees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but lo do so. Our responsibilities for the audit of the fAncial statements Our objectives are to obthin reasonable assurance about whether the financial statements as a whole ar¢ free frorn material mtsststemenL whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guardntee that an audit Conducted in accordance with ISAS (UK} will always detert a material misstatement when it exists. Misstatements ¢an arise from fraud or eor and are considered material if, individually or in the aggregate. they Could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. The extent to which our procedures are capable of deteGting irregularities, including fraud is detailed below., We have obtained an understanding of the legal and regulatory frameworks that are applicable to the ¢harity. The key laws and regulations we considered are ongoing compliance with the Companies Act 2006, the Charities Act 2011, employment law, health and safety, pension legislation and working with children regulations. We gained an understanding of how the charity is complying with those frameworks through discussion with management and the Trnstees and review of the charity's documented policies and procedures. We assessed the susceptibility of the Charity's financial statements lo material mis51atement in¢ludAng fraud by ¢onsideTing the key risks impacting the financial statements. The key risks considered applicable to charities were identified as fraud risks with respect to management override. timing of recognition of income. manipulation of results to budget and going concern. We noted no issues in relation to these key risks. We sample tested journal entries to supporting documentation and the recognitiOT] of project income. We obtained and evaluated the Trustees, going concern assessment and assessed the key assumptions and forecasts driving the Trustees, assessmenL including their assessment of liquidity and the operational resilience of the charity. Based on our understanding we designed our atlt procedures to identify non-compliance with such laws and regulations. We have reviewed that the charity's control environment is adequate for the size of the charity. We communicated identified laws and regulations throughout our team and remain alert to any indication of non-compliance throughout the audit. A further des¢ripÉion of our responsibilitie5 for the audit of the financial statements is located on the FinanGial Reporting Council's website at INww.fr¢.org.uklauditorsresponsibilities. This description forms part of our Report of the Independent Auditors. Page 13
Report of the Independent Auditors to the Members of Wolverhampton Youth Ine Use of our report This report is made solely to the charitable companys rnembers. as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might statr to the charitable company's members those matters w¢ are required to state to them in an auditors, report and for no other PUTpose. To the fullest extent permitted by law. we do not accept or assume responsibility to anyone other than the charitable company and the haritable company's members as a body, for our audit worK for this reporL or for th¢ opinions we have fonned. Christopher Birchell FCA (Senior Statutory Auditor) for and on behalf of Lancaster H&8kins Limited Granville House 2 Tettenhall Road Wolverhampton West Midlands WVI 4SB Date: ....IS iO.?..I.I.oi&............ Page 14
WOLVERHAMPTON YOUTH ZONE Statement of Financial Aetivities for the Year Ended 31 M8r¢h 2025 31.3.25 Total funds 31.3.24 Total funds Unr¢strict¢d fijnds Restricted fund Notes tNCOME AND ENDOWMENTS FROM Donations and IcgaGies 724,057 366,016 1,090,073 1,068,401 ChaTltable activities Membership fees Session fees Catering income Room hire 12.729 17,620 46.153 84,632 12.729 17,620 46.153 84,632 9,788 6,729 40.205 76,428 Other trading a¢tivities Other income 8,702 5.055 8.702 5,055 6.156 7,189 Total 898.948 366,016 1.264.964 1,214,896 EXPENDITURE ON Raising funds 132,302 132,302 75,122 Charitable activities All charitable activities 993.349 376,578 1.369.927 1.320.326 Total 1.125.651 376,578 1.502.229 1.395.448 NET INCOMEI(EXPENDrruRE) (226,703) (10,562) (237,265) (180.552) RECONCILIATION OF FUNDS Total funds brought forward 4,541,161 82,673 4,623,834 4,804,386 TOTAL FUIYDS CARIUED FORWARD 4,314,458 72.111 4.386,569 4,623,834 CONTINUING OPERATIOIYS The above results are derived frorn continuing operations. All gains and losses recognised in the period are included above. The notes fom] part of these financial statements Page 15
WOLVERHAMPTON YOUTH ZONE Balance Sheet 31 March 2025 31.3.25 Total funds 31.3.24 Total fijnds Unrestricted fiLnds Restricted fund Notes FIXED ASSETS Tangible assets 12 4,174,876 8,877 4,183,753 4,279.961 CURRENT ASSETS Debtors Cash at bank and in hand 13 125.766 103.670 37.725 59.019 163.491 162,689 103,976 396,991 229.436 96.744 326,180 500,967 CREDITORS Amounts falling due within one year 14 {89,854) (33,510) (123,364) (157,094) NET CURREIYT ASSETS 139,582 63,234 202,816 343,873 TOTAL ASSETS LESS CURRENT LIABILITIES 4.314.458 72.111 4,386.569 4,623,834 NET ASSETS 4,314.458 72.111 4,386.569 4.623,834 FUNDS Unrestricted fiinds Restricted funds 15 4.314,458 72,111 4.541.161 82,673 TOTAL FUNDS 4,386,569 4,623,834 The financial stat¢m¢nts werc approv¢d by th¢ Board of Trust¢¢s and authoris¢d for issue on 24 September 2025 and We signed on its behalf by.. E Vitalis - Trustee A K Summan-Ram- Trustee The notss forn] part of these financial statsments Page 16
WOLVERHAMvfoN YOUTH ZDNE Cash Flow Statement for the Year Ended 31 Mareh 2025 31.3.25 31.3.24 Notes Cash Ilows from operating activities Cash generated from operations (214,643) {20,954) Net cash used in operating aclivities (214,643) (20,954) Cash tlows from investing aclivities Purchase of tsngible fixed assets (19.659) (14,952) Net cash used in investing aclivities (19.659} (14.952) Change in eash and cash equivalents In the reporting period Cash and cash equivalents At the beginning ofthe reporting period (234,302) (35.906) 396,991 432,897 Cash And cash equivalents the end of the reporting period 162,689 396,991 The notes forni part of these financial statement5 Page 17
WOLVERHAMPTON YOUTH ZONE Notes to the Cash Flow Statement for the Year Ended 31 March 2025 RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTtvtTIES 31.3.25 31.3.24 Net expenditure for the reporting period (as per the Slatement of Financial Activities) Adjustments for: Depreciation charges Increase in debtors (Decreasevincrease in Gredit015 (237.2651 (180.552) 115.867 (59,515) (33,7301 122.140 {49.633) 87,091 Net cash used in operations (214.643) {20,954) ANALYSIS OF CHANGES IN NET FUNDS At 1.4.24 Cash flow At 31.3.25 Net cash Cash at bank and tn hand 396,991 (234,302) 162.689 396,991 (234,302) 162,689 Total 396,991 (234,302) 162,689 The notes forni part of these financial statements Page 18
WOLVERHAMPTON YOUTH ZONE 1¥4otes to the Financial Statements for the Year Ended 31 March 2025 ACCOUNTING POLICIES Bgsis of preparing the financial stAtemenÉs The financial staternents of the charitable company, whi¢h is a publi¢ benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Pwtice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Flnancial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Iland, and the Companies Act 2006. The financial statements have been prepared under the historical cost C4)nvention. Company and charitable status Wolverhampton Youth Zone, a public benefit entity, is incorporated in England and Wales as a company limited by guarantee not having share capital. There are currently twelve trustees who are also members of the company. Each mernber has undertaken to Contrtbute to the assets in the event of winding up a sum not exceeding £10. The charity is a registered charity. The registered offic¢ is given on page l. Income All income is re¢ognised in the statement of financial activities when the charity has entitlement to the nds, any perforniance conditions attached to the ilem(s) of income have been met, it is probable that the income will be re¢eived and the amount can be measured reliably.. Income from donations and legacles Voluntary income is received by the way of donations and gifts and is included in full in the Slatement of Financial Aclivities when the charity has entitlement to the funds, any perforniance conditions attached to the item(s) of income have been mel, it'5 pmbable that the in¢orne will be received and the amount can be measured reliably. Donated services and facilities which comprise donated services are included in in¢ome at a valuation which 15 an estimate of the fitwlcial cost borne by the donor where such a cost is quantifiable and measurable. Expenditure and alloeAtion of eosts Expenditure is r¢¢ognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the arnount of the obligation can measured reliably. Expenditure is lassified under the following heading5: The charities operating costs include stsff Costs and other related costs. Such costs are allocated between cost of raising fiinds and Charitable expenditure. Staff costs are allocated according to the wsts of staff working directly in the relevant activity and property costs are allocated according to the space used by each activity. Costs of raising ndS The costs associated wilh fundraising a¢tAvities and expenditure incurred during fundraising events. Charitable expenditure Costs of activities in the furtherance of the charity's objects include all expenditure directly r¢lated to the objects of the charity. Support costs Support costs are those functioDS that assist the work of the charity but do not directly undertake direct charitable activities. Support costs include back office costs, such as administration costs which support The Way's programmes and activities. Governance costs include those inCued in the governance of the charity and its assets and are primarily assoGiated with ¢onstitutional and statutory requirements. Where costs are not directly attributable to any activity, they have been apportioned using an appropriate basis. Page 19 continued,..
WOLVERHAMFfoN YOUTH ZONE Notes to the Financial Statements- contlnued forlhe Yr Ended 31 March 2025 AccouiYfiNG POLICIES - contlDued Expenditure and allocAtion of costs Government Grant5 Government grants relating to revenue are recognised on a systematic basis over the periods in which the entity recognised the related ¢osts for which the grant is intended to compensate. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over ils estimated useful life. Long leasehold Fixtures and fittings Straight line over 50 years 33.33 /0 on cost Taxation The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 201 l and is consldered to pass the tests Set out in pardgraph I Schedule 6 Finance Act 2010 and therefore it meets the definition of a haritable company for UK corporation tax purposes. Fund accounting The charity maintain5 various types of funds as follows: Unrestrided funds Unrestricted funds are available to sp¢nd on activities that further any of the purposes of the charity. Designated funds Designated funds are unrestricted funds of the charity which the Trustees have decided at their discretion to set aside for a specific purpose. Restricted funds R¢stri¢ted funds are fiinds which have been given for a particular purpose or project. Debtors Trade and other debtors are reeognised at the settlement amount due after any trade discounts are offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Creditors Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of fijnds to a third party and the amount due to settle the obligation can be TneasuTed OT estimated reliably. Creditors and provisions are nomially rewgnised at te1r settlement amount after allowing for any trade discounts due. Financigl instruments The charity only has financial assets and liabilities of a kind that qualifies as basic financial instruments. Basic financial instrnments are initially recognised at transaction value and subsequ¢ntIy me&8ured at their settlement value. Opernting lewses Rentals under operating le&ses are ¢harg¢d on a straight-line b&8is over the lease term, even if the payments are not made on such basis. Benefits received and receivable as an in¢entiv¢ to sign oper&ting lease are similarly spread on a straight-line basis over the lease terni. The ¢harity leases the freehold land from Wolverhampton City Council at a peppercorn rent for 125 year5. The fair value of the freehold peppercorn rent is not valued due to the prohibitive costs of doing so. Pag¢ 20 continued...
WOLVERHAMvfoiw4 YOUTH ZONE Notes to the Fin*neiil Statements - continued ror tbe Year Ended 31 March 2025 ACCOUNTIIYG POLICIES - continued Going concern The cllarity's activities, together with the factors likely to affect its tUre development, perfomance and position are set out in the Trustees, Annual Report, which also describes the financial position of the Charity including its cash and reserves policy. The Charity forcca5t5 and projections. taking account of reasonably possible change5 in grants and donation income and other uncertainties, show that the charity should be abl¢ to operate with the uent level of reserv¢s it has. The Trustees have a re&8onable expectation that the Charity has adequa Tesources to continue in operational existence for the foreseeable fijture. thus they Continue to adopt the going concern b&sis of accounting in preparing the annual financial statements. Employee benefits - pensions The charity operafrs a defined contribution pension scheme and the pension charge represents the amounts payable by the charity to the fund in respect of the year. DONATIONS AND LEGACIES 31.3.25 31.3.24 Donations Gift aid Grants 310,297 13,485 766.291 185.363 10.368 872,670 1,090,073 1,068.401 Out of the total income of £1.090.073 (2024.. £1.068.401). £724,057 (2024: £719,236) was unrestricted and £366,016 (2024.. £349,165) was restricted. OTHER TRADING AcfivITIES 31.3.25 31.3.24 R(rn hire 8,702 6.156 INCOME FROM CHARITABLE ACTIVITIES 31.3.25 31.3.24 Activity Membership fees Session fecs Catering incom¢ Room hire Operations of The Way Operations of The Way Operations of The Way Operations of The Way 12.729 17,620 46,153 84,632 9,788 6.729 40,205 76.428 161.134 133,150 Page 21 continued..
WOLVERHAMPTON YOUTH ZONE Notes to the Financial Statements - continued for Ébe Year Ended 31 March 2025 RAISING FUNDS Raising donations and Iwcie5 31.3.25 31.3.24 StatT¢osts Support costs 113,822 18.480 70.381 4,741 132,302 75,122 Expenditure on raising fiu]ds was £132,302 (2024: £75,122) of which £132,302 (2024: £75.122) w&8 unrestricted and £Nil was restricted (2024: £Nil). CHARITABLE ACTIVITIES COSTS SupwTrrt costs (see note 7) Direct Cosls Tota15 All ¢haritabLe activities 1,199,294 170,633 1,369.927 Expenditure on charitable activities was £1,369.927 (2024: £1.320.326} of which £993.349 (2024: £1,031,269) was unrestricted and £376,578 (2024: £289,057) was restricted. SUPPORT COSTS Governance costs Management Other Totals Raising donations and legacies All charitable acÉivities 18,480 I I l.259 18.480 170.633 32.005 27,369 32,005 129,739 27,369 189.113 Governance cosls included in support costs above, include the cost of the annual audit of £19.200 (2024: £18.000). Support costs are allocated to the one charitable tiVity. the operation of The Way. Support costs are not allo¢at¢d to trading activities nor lld raising activities as these are incidental to its charitable activity. Page 22 continued...
WOLVERHAMvfoN YOUTH ZONE Notes to the Financial Statements- continued forthe Year Ended 31 Mareh 2025 SUPPORT COSTS- contlnued Support costs, included in the alK>ve. are &$ follows: 31.3.25 31.3.24 Raising donations and legacies ¢haritsble activities Total activities Total ctivities Outsourced activities Premises costs Licenses Travel expeT 32,005 32.005 18,480 8,937 6.809 3,101 10,367 4.043 37,898 935 4,248 5,461 29.460 19,200 1,024 593 6,552 18,480 23.869 2.971 1,141 4,741 10,638 1.318 86,128 1,749 3,862 2,418 30,120 18.000 8.937 6,809 3.101 10.367 4,043 37,898 935 4,248 5.461 29.460 19,200 1.024 593 6,552 IT Postage and stationery Sundries Recruitment DBS ¢hecks Staff training Marketing lllsurance Governance costs Bad debts Bank charges Professional fees 713 17,584 18,480 170,633 189,113 205.252 NET INCOMEI(EXPENDITURE) Net income/(expenditur¢) is stat¢d after ChargIn(crediting). 31.3.25 31.3.24 Governance costs Depreciation - owned assets 19,200 115.867 18,000 122,140 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. Trustees, expenses There were no trustees, expenses paid for the year ended 31 Matrh 2025 nor for the year ended 31 March 2024. Pagc 23 continued...
WOLVERHAMPTON YOUTH ZONE Iyotes to the Finan¢iil Statements- continued for the Year Ended 31 March 2025 io. STAFF COSTS Staff ¢osts were as follows: 31.3.25 31.3.24 Wages and salaries Social security Costs Other pension costs 862,485 59,109 34,760 745,544 42,771 35,716 956,354 824.031 The average monthly number of employees during the year was as follows: 31.3.25 31.3.24 Raising funds Charitable activities 50 58 52 60 The key management personnel of the Charity are listed in the Trustees Report. The total remuneration {in¢luding pension contributions and social security costs) of the key management personnel of the Charity for the year totalled £71,365 (2024: £66,722). COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds Restricted fund Totsl funds INCOME AND ENDOWMENTS FROM Donations and legacies 719.236 349,165 ,068.401 Charitsble activitie5 Membership fees Session fees Catering income Room hire 9,788 6,729 40.205 76,428 9,788 6,729 40,205 76,428 Other traditvd activities Other income 6.156 7,189 6,156 7,189 Total 865,731 349.165 1,214,896 EXPENDITURE ON Raising funds 75,122 75.122 ChAritable activities All charitable activities 1.031.269 289.057 1,320,326 Total 1,106,391 289,057 1,395.448 NET ILYCOMEI{EXPENDITURE) (240,660) 60,108 (180,552) P8ge 24 continued...
WOLVERHAMPTON YOUTH ZONE Notes to the Financial Statements - eontinued for the Year Ended 31 Mareh 2025 ii. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- continued Unrestricted Restricted funds nd Total fiind5 RECONCILIATION OF FUNDS Total funds brought forward 4,781,821 22,565 4,804,386 TOTAL FUNDS CARRIED FORWARD 4,541,161 82,673 4.623.834 12. TANGIBLE FIXED ASSETS Fixtures and fittings Long leasehold Totals COST At l April 2024 Additions 5.084,603 258,228 19,659 5,342,831 19,659 At 31 MarGh 2025 5,084,603 277,887 5,362,490 DEPRECIATIOIY At l April 2024 Charge for year 824,217 101,692 238,653 14.175 1.062.870 115,867 At 31 March 2025 925,909 252,828 1.178.737 NET BOOK VALUE At 31 March 2025 4.158.694 25,059 4,183,753 At 31 March 2024 4,260.386 19,575 4.279.961 13. DEBTORS: AMouNfs FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Trade debtors Other debtors ACced income Prepayments 123.597 78,427 5,848 11,500 8,201 16,229 23.665 163.491 103,976 All balances shown above are due within one year. Page 25 ontinued...
WOLVERHAMYTON YOUTH zNE Notes to the Financial Stydtements - eootinued for the Year Ended 31 Mgrch 2025 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31,3.25 31.3.24 Trade creditors Social security and other taxes Other Creditors Deferred income Accrued expenses 27,704 18,872 28,945 23,500 24,343 46,015 11,364 3,259 78.323 18,133 123,364 157,094 DEFERRED INCOME 31.3.25 31.3.24 Balance brought forward Amount released to income in the year Amount deferred during the year 78,323 (78,323) 23,500 78,323 Balance caLTied forward 23,500 78,323 Deferred income relate5 to donations that have been received in advance of Éhe fmancial period which they relate to, in accordance with tFLe tenns of the donor, and grant income that has been re¢eived in advance of the related funding objectives. in accordance with the ternis of the grant. Deftrred income relating to room hire is also included. 15. MOVEMENT IN FuDs Net movement in ndS Transfers between nd5 At 31.3.25 At 1.4.24 Unrestricted funds Unrestricted funds Designated funds 261.199 4,279,962 {110,835) (115,868) (10,782) 10,782 139,582 4,174.876 4,541,161 (226,703) 4,314.458 Restricted funds Restricted funds 82,673 (10,562) 72,111 TOTAL FUNDS 4.623,834 (237.265) 4,386,569 Page 26 continued...
WOLVERHAMFfoN YOUTH ZONE Notes to the Financial Statements- continued for the Year Ended 31 March 2025 15. MOVEMENf IN FUNDS - continued Net movemenl in fimd& included in the above are as follows: Inwming resource5 Resources expended Movement in funds Unrestricted fun(Ls Unreslricted funds Designated funds 898,948 {1,009,783) (115,868) {110.835) (115.868) 898,948 (1,125,651) (226,703) Restri¢t¢d funds Restricted funds 366,016 (376,578) (10,562) TOTAL FUNDS 1,264.964 (1.502,229) (237.265) Compar4tives for movement in funds Net movement in funds Transfers between nds At 31.3.24 At 1.4.23 Unrestricted funds Unrestricted ndS Designated funds 419,743 4,362,078 (118,520) (122,140) (40,024) 40,024 261,199 4279,962 4.781,821 (240,660) 4,541,161 Restricted funds Restricted funds 22,565 60,108 82,673 TOTAL FUNDS 4.804,386 (180,552) 4,623,834 Comparativc net movement in nds, included in the above are as follows: Incoming resources Resources expended Movement in ndS Unrestricted funds Unr¢stricted fid5 Designated fimds 865,731 (984,251) (122,140) (118.520) (122.140) 865,731 (1,106,391) (240,660) Restricted funds Restricted ndS 349,165 (289,057) 60,108 TOTAL FUNDS 1,214,896 (1,395,448) (180,552) Page 27 continued...
WOLVERHAMPTON YOUTH ZL)NE Notes to the Financial Statements - contlDued forthe Year Ended 31 March 2025 15. MOVEMEIYT IN FUNDS - continued Asat31 March 2025 As at l April 2024 MOVEMENT IN FUNDS Unrestrieted funds General funds - all funds Designated funds - building project Income Expenditure Transfer 261,199 898,947 (1,009,782) (10,782) 139,582 4,279.962 (115.868) 10.782 4.174,876 4.541.161 898.947 ( 1,125.650) 4,314,458 R¢stricted funds Peter Harrison Foundation - Wheelchair Basketball Grantham Yorke - Sports Equipment Keith Rae Trust- Circus Project UFC - Ultimate Fighting Championship National Lottery Fund - Mentoring Aspirations Plus Project Cadent Project via Inspir¢ Tabitha Trust - Staffordshire Foundation Th¢ Football Foundation YO Wolves Masonic Trnst Emotional Health & Wellbeing stsff Recruitment HAF WCC Lot A - Easter 2024 Enovert Community TNst - Kitchen Refurb Grantham Yorke - Rethrbishment of the Sensory Room Burberry Inspire 2023-24 via Onside - Arts Project HAF WCC Lot A - Autumn 2024 WCC Autumn Elalf Terni Grant National LDttery Fund - Winter Hunger Fund Sports England - The Way Family Calisthenics WCC February #YES Grnnt 2024 - Fe24 Half Terni Onside Foundation - Impact Fund Brilish Wheelchair Basketball - Sport Park HAF 2025 - E&ster & Summer Hedley Foundation Grant (SEND) Onside - Residentials 2,468 (2,468) ( I,944) (800) (I l.073) 1,800 800 11.073 31,425 83,111 58,500 330 8.190 17,000 (105,636) (58,500) (330) {8,190) {17,000) 8,900 15.098 (15,098) (1.933) (4,925) 1,933 4,925 3,100 3,100 14,920 7,733 35.858 4,084 (14.920) (7,733) (35.858) (4,084) 30 (30) 8,386 29.608 79.984 12,387 5,600 3.000 7,202 (8,386) (59.911) (9.987) 49,681 2.400 5,600 3,000 (570) (7,772) 82.673 366.016 (376.578) 72,111 Asatl April 2023 Asat31 March 2024 PRIOR YEAR Unrestricted funds General funds- all funds Designated funds - building project Inwftne Expenditure Transfers 419,743 4,362,078 865.731 (984.251) (40,024) 261,199 (122,140) 40,024 4279,962 Page 28 ntinued...
WOLVERHAMPTON YOUTH ZONE Notes to the Finanelal Statements- continued for the Year Ended 31 March 2025 15. MOVEMENT IN FUNDS- continued 4.781.821 865.731 {1,106,391) 4,541.161 Restrieted funds Peter HalSOn Foundation - Wheelchair Basketball Grantham Yorke - Sports Equipment Eveson Trust- Growing Futurcs Keith Rae Trust - Circus Project UFC Ultimate Fighting Championship Culture of Health - Onside National Lottery Funding - Mentoring Wolverhampton City Council - May Holiday Club Masonic Trust Emotional Health & Wellbeing Staff ReGruitm¢nt Holiday Club (various donors) Enovert Community Tnt- Kitchen Refurb Grantham Yorke - Refurb Sensory Room Burberry Inspire 2023-24 HAF WCC WCC Autumn Half Terni Grant National Lottery Fund - Winter Hunger Sports England - Family Callisthenics WCC February #YES Grant 2024 Onside Foundation - Impact Fund 2,468 1,797 10,000 800 2,468 144 {1,653) (10,000) (800) 800 800 7.500 7.200 11,627 (14,700) (11,627) 81,684 (50,528) 31,426 7,928 (7.928) 35,258 3,115 (20,160) (3.115) 15.098 11.515 (11.515) 3,100 17.500 35.763 8,919 3,100 (17,500) (35,763) (8,919) 72,260 (72,260) 684 10,112 41.699 (654) (10,112) (12,091) 30 29,608 22,565 349,164 (289,056) 82.673 16. RELATED PARTY DISCLOSURES Mr T Munro is an employ¢¢ of Wolverhampton City Council which has provided funding of £307,249 (2024: £268,189) to the charity during the period. Wolverhampton City Council have also hired rooms at the Way costing £6,202 (2024: £34,970) and used café facilities costing £Nil (2024.. £258). Ms A Benjamin (resigned 3110312025) and Ogheneochuko Adekoya (appointed 2910112025) a employees of Onside Youth Zones which has provided funding of £72.192 (2024-. £378.908} to the charity during the period and has used café facilities c4JSting £91 (2024- £350). Ms L Bashford is an employee of Wolverhampion Coll¢g¢ which has provided funding of £A9,700 (2024: £25,000) to the charity during the period. No individual trustees have provided funding to the charity during the period. Page 29 continued...
WOLVERHAMYfoN YOUTH ZONE Notes to the Financial Statements - contlnued for the Year Ended 31 March 2025 17. FIIYANCIAL INSTRUMENrs The charity only has financial assets and liabilities of a kind that qualify as basic financial instrnments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. 18. FINANCIAL COMMTfMENTS There were no financial commitments at the year-end (2024. £Nil). 19. GOING CONCERN The charity's activities, together with the factors likely lo affect its fjjture development, perforn)ance and position are set out in the Trustees. Annual Report, which also d¢ribeS the financial position of the Charity including its cash and reserves policy. The Charity forecast and projections, taking account of reasonably possible changes in grants and donation income and other uncertaintie& show that the charity should be able to operate with the Cuent level of reserves it has. The Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational ¢xist¢nce foT the foreseeable future, thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements. 20. TAXATION The charity's activities are potenlially exempt from taxation under Part I l of the Corporation Tax Act 2010. No t&x charge has arisen in the period. Page 30
WOLVERHAMPTON YOtrrH ZA)NE Detailed Statement of FlnanciAI Activities for the Year Ended 31 March 2025 31.3.25 Total funds 31.3.24 Total funds Unrestrithd funds Restrithed funds INCOME AND ENDOWMENTS Donations and legAcies Donations Gift aid Grants 310,297 13,485 400,275 310.297 13,485 766.291 185,363 10.368 872,670 366.016 724,057 366,016 1,090,073 1.068.401 Other trading activities Room hire 8,702 8.702 6,156 CharitAble activities Operdtions of The Way 161,134 161,134 133,150 Other incom¢ Bank Interest Received 5.055 5,055 7,189 Total incoming resourees 898,948 366,016 1,264,964 1214,896 EXPEiYDrruRE Raising donations and legAeies Wages and salaries Consultancy 103.202 10,620 103,202 10,620 66,881 3,500 113,822 113,822 70.381 Charitable Activities Wages and salaries Youth Project Delivery Expense Travel expenses Premises costs IT Catering Onsid¢ Youth Zone Services Long leasehold Fixtures and fittings 578,042 20,348 275,109 33,068 853,151 53,4 E6 757,150 33,905 671 95,476 26.868 58,605 25,000 101,692 20,448 28,773 17,325 46.645 25,000 101,692 14.176 46,569 247 12.300 75.342 17,572 58.945 25,000 101,692 14.176 832,001 367,293 1,199,294 1,119,815 Support costs Management Outsourced activities 32,005 32,005 This page does not forni part of the statutory financial statements Page 31
WOLVERHAMPTON YOUTH 7A)NE Detailed Statement of Financial Aetivities for the Year Ended 31 March 2025 31.3.25 Total funds 31.3.24 Total funds Unrestrithed fijnds Restricted funds M*n8gement Other Premts¢s wsts Licenses 'rravel expenses IT Postage and stationery Sundries Recruitment DBS checks Staff training Marketing Insurance 18.480 8,937 6.735 3,101 7,689 4.043 33,148 935 3,790 4,136 29,460 18,480 8,937 6,809 3,101 10,367 4,043 37.898 935 4,248 5.461 29,460 23,869 2.971 1,141 4,741 10.638 1,318 86,128 1.749 3,862 2.418 30.120 74 2,678 4,750 458 1,325 120,454 9,285 129,739 168,955 Governance costs Governance costs Bad debts Bank charges Professional fees 19.200 1,024 593 6,552 19,200 1.024 593 6,552 18,000 713 17.584 27,369 27,369 36.297 Total resources expended 1,125,651 376,578 1,502229 lJ95,448 Net (expenditure)lincome (226.703) (10.562) (2)7,265) (180,552) Tbis page does not forni part of the statutory fitwicial statements Page 32