2021-03-31-accounts - Wirral Youth Zone

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Trustees		John Syvret CBE
		Peter Bibby
		Phillip Garrigan
		Matthew Noon
		Sara Stephens
		Fiona Norcross
		Katherine Eugeni
		Sandra Kirkham
		Charles Hurst (Chair)	(Appointed	19July 2020)
Chief Executive Officer		Stuart Bames
Charity number		1163183
Company	number	09267940
Registered	office	Wirral Youth Zone
		Bright Street
		Birkenhead
		CH41 4EA
Auditor		McLintocks (NW) Limited
		46 Hamilton Square
		Birkenhead
		Wirral
		Merseyside
		CH41 5AR
Bankers		Handelsbanken
		Beech House
		Oaklands Office Park
		Hooton
		Cheshire
		CH66 7NZ

			Page
Trustees' report
Statement oftrustees'	responsibilities		12
Independent auditor's	report		13-16
Group statement offinancial		activities	17
Group balance Sheet			18
Company balance sheet			19
Group statement ofcash flows			20
Notes to the financial	statements		20- 34

Financial review Asummary ofthe results is shown below:
	2021	2020
Income	1,851,087	1,457,904
Expenditure	(1,519,867)	(1,970,850)
Net income/(expenditure)	331,220	(512,946)

			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			funds	funds		funds	funds
		Notes	202'I F	2021f		2020 6	2020	2020 F
Income a		nts from
Donations and legacies		3	1,232,428	510,301	1,742,729	891,176	285,317	1,176,493
Charitable activities		4	91,385		91,385	246,211		246,211
Other trading activities		5	20,468		20,468
Other income		6	27,686		27,686	35,200		35,200
Total income			1,371,967	510,301	1,882,268	1,172,587	285,317	1,457,904
enditure on:
Raising funds		7	64,436		64,436	74,275		74,275
Charitable activities		8	853,374	633,240	1,486,614	1,318,286	578,289	1,896,575
Total resources
expended			917,810	633,240	1,551,050	1,392,561	578,289	1,970,850
Net incoming/
(outgoing) resources
before transfers			454,157	(122,939)	331,218	(219,974)	(292,972)	(512,946)
Gross transfers
between funds			(14,697)	14,697
Net income/(expenditure)
forthe year/
Net movement	in funds		439,460	(108,242)	331,218	(219,974)	(292,972)	(512,946)
Fund balances at 1
April 2020			93,698	5,069,583	5,163,281	313,672	5,362,555	5,676,227
Fund balances	at 31
March 2021			533,158	4,961,341	5,494,499	93,698	5,069,583	5,163,281

				2021		2020
			Notes	6		6
Fixed assets
Tangible assets			14		4,925,496		5,041,165
Current assets
Stocks			16	2,574		2,875
Debtors			17	68,566		51,674
Cash at bank and	In	hand		637,202		234,226
				708,342		288,775
Creditors: amounts		falling due within
one year			18	(139,339)		(166,659)
Net cunent assets					569,003		122,116
Total assets less	current liabilities				5,494,499		5,163,281
Income funds
Restricted funds -	fixed assets		20		4,925,502		5,041,173
Restricted funds -	other		20		35,839		28,410
Unrestricted funds					533,158		93,698
					5,494,499		5,163,281

				2021		2020
			Notes	6
Fixed assets
Tangible assets			14		4,925,496		5,041,165
Investments					2		2
					4,925,498		5,041,167
Current assets
Debtors			17	75,627		67,222
Cash at bank and in	hand			629,501		221,818
				705,128		289,040
Creditors: amounts	falling due within
one year			18	(135,653)		(166,453)
Net current assets					569,475		122,587
Total assets less current		liabilities			5,494,973		5,163,754
Income funds
Restricted funds - fixed assets			20		4,925,502		5,041,173
Restricted funds - other			20		35,839		28,410
Unrestricted funds					533,632		94,171
					5,494,973		5,163,754

			Notes	2021 f		2020 f	f
Cash flows from operating		activities
Cash generated	from/(absorbed by)		25
operations					417,675		(298,666)
Investing activities
Purchase oftangible fixed assets				(15,049)		(64,088)
Proceeds on disposal oftangible fixed
assets				350
Net cash used	in investing	activities			(14,699)		(64,088)
Net cash used	in financing	activities
Net increase/(decrease) in		cash and	cash
equivalents					402,976		(362,754)
Cash and cash	equivalents	at beginning	ofyear		234,226		596,980
Cash and cash	equivalents	at end of	year		637,202		234,226

		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		funds	funds		funds	funds
		2021f	2021f	2021 F	2020f	2020f	2020
Wirral Borough Council		400,000		400,000	400,000		400,000
General donations	&
founder patrons		654,132	479,074	1,133,206	491,176	66,732	557,908
Government grants		178,296		178,296
Youth Investment	Fund		31,227	31,227		218,586	218,586
		1,232,428	510,301	1,742,729	891,176	285,317	1,176,493

			Unrestricted	Unrestricted
			funds	funds
			2021 F	2020f
Membership		&entry fees	16,258	79,314
Catering	income		33,927	101,325
Facility	hire	income	41,200	65,572
			91,385	246,211

				Unrestricted	Unrestricted
				funds	funds
				2021	2020
				6	6
	Fundraising	events		20,468
6	Other income
				Unrestricted	Unrestricted
				funds	funds
				2021	2020
				F	8
	Net gain on	disposal oftangible	fixed assets	350
	Other income			8,340
	Gift aid			18,949	35,200
	interest received			47
				27,686	35,200

			Unrestricted	Unrestricted
			funds	funds
			2021	2020
			F	8
undraisin	and	ublici
Staff costs			64,436	74,275
			64,436	74,275

				Charity	Trading Co	Total	Charity	Trading Co	Total
				2021 f	2021 f	2021f	2020 f	2020 f.	2020f
Staff costs				590,194		590,194	926,786		926,786
Depreciation		and
impairment				130,720		130,720	181,855		181,855
Advertising				2,225		2,225	12,463		12,463
Purchases				32,118	30,611	62,729	39,945	97,766	137,711
				755,257	30,611	785,868	1,161,049	97,766	1,258,815
Share ofsupport costs
(see note	9)			675,604	70	675,674	614,263	455	614,718
Share ofgovernance (see note 9)			costs	24,572	500	25,072	21,542	1,500	23,042
				1,455,433	31,181	1,486,614	1,796,854	99,721	1,896,575
Analysis	by	fund
Unrestricted		funds		822,193	31,181	853,374	1,218,565	99,721	1,318,286
Restricted	funds			633,240		633,240	578,289		578,289
				1,455,433	31,181	1,486,614	1,796,854	99,721	1,896,575

9	Supportcosts
			Support Governance		2021	Support	Governance	2020
			costs	costsf		costs f	costs
	Staff costs		346,964		346,964	280,202		280,202
	Insurance		26,156		26,156	32,643		32,643
	Light and heat		52,066		52,066	49,389		49,389
	Telephone		9,830		9,830	7,573		7,573
	Post and stationary		5,997		5,997	4,256		4,256
	Staff travel		3,504		3,504	13,564		13,564
	Session consumables		100,623		100,623	83,398		83,398
	Repairs and renewals		41,021		41,021	45,909		45,909
	Computer costs		32,816		32,816	32,620		32,620
	Other expenses		56,070		56,070	63,520		63,520
	Bank charges		627		627	1,644		1,644
	Audit fees			12,180	12,180		10,930	10,930
	Legal and professional			12,892	12,892		12,112	12,112
			675,674	25,072	700,746	614,718	23,042	637,760
	Analysed between
	Charitable activities		675,674	25,072	700,746	614,718	23,042	637,760
10	Net movement in funds						2021	2020
							f	F
	Net movement in funds is stated after charging/(crediting)
	Fees payable to the company's		auditor for the	audit ofthe	company's
	financial statements						12,180	10,930
	Depreciation ofowned tangible		fixed assets				130,719	181,855
	Profit on disposal oftangible	fixed assets					(350)

2021	2020
Number	Number
87	129

Employees		(Continued)
Employment costs	2021	2020
	8
Wages and salaries	924,538	1,189,572
Social security costs	56,582	69,558
Other pension costs	20,474	22,133
	1,001,594	1,281,263

Wirral	Youth Zone Trading Co. Limited	Youth Zone Trading Co. Limited
Asummary		ofthe results ofthe subsidiary	is shown below:	2021	2020
				6	6
Income				31,181	99,744
Expenditure				(31,181)	(99,720)
					24
Aggregate		assets and liabilities
Current	assets			14,090	19,079
Current	liabilities			(14,561)	(19,550)
				(471)	(471)

Tangible	fixed assets - group and	fixed assets - group and	fixed assets - group and	charity
				Leasehold	Plant and	Fixtures and	Computers	Total
				land and	equipment	fittings
				buildingsf
Cost
At 1 April	2020			5,270,388	100,409	152,684	69,264	5,592,745
Additions						3,774	11,275	15,049
Dieposals							(1,371)	(1,371)
At 31 March		2021		5,270,388	100,409	156,458	79,168	5,606,423
Depreciation		and impairment
At 1 April	2020			309,749	97,024	80,712	64,094	551,579
Depreciation		charged	in the year	105,420	3,385	16,068	5,846	130,719
Eliminated	in	respect	ofdisposals				(1,371)	(1,371)
At 31 March		2021		415,169	100,409	96,780	68,569	680,927
Carrying	amount
At 31 March		2021		4,855,219		59,678	10,599	4,925,496
At 31 March		2020		4,960,638	3,385	71,972	5,170	5,041,165

				2021	2020f
Raw	materials	and	consumables	2,574	2,875

Debtors
Group			2021	2020
Amounts falling due within		one year:	8	F
Trade debtors			32,248	30,924
Other debtors				1,591
Prepayments	and accrued income		36,254	19,095
			68,502	51,610
			2021	2020
Amounts falling due after		more than one year:	6
Deferred tax	asset		64
Total debtors			68,566	51,674
Charity			2021	2020
Amounts falling due within		one year:		6
Trade debtors			31,425	30,925
Amounts owed by subsidiary		undertakings	7,948	15,611
Other debtors				1,591
Prepayments	and accrued income		36,254	19,095
			75,627	67,222

Creditors: amounts	falling due within one year
Group		2021	2020
		F
Other taxation and social security		17,905	19,698
Trade creditors		16,328	9,882
Other creditors		37,714	46,704
Accruals and deferred	income	67,392	90,375
		139,339	166,659
Charity		2021f	2020
Other taxation and social security		17,957	19,698
Trade creditors		13,590	9,676
Other creditors		37,714	46,704
Accruals and deferred	income	66,392	90,375
		135,653	166,453

	Assets	Assets
	2021	2020
Balances:	6	6
Tax losses

				Movement in funds	Movement in funds
			Balance at	Incoming	Resources	Transfers	Balance at
			1Aprg 2020	resources	expended		31 March 2021
				6	F	F	6
Capital			5,041,172		(130,367)	14,697	4,925,502
Youth Investment	Fund			31,227	(31,227)
BBFC			23,473		(16,667)		6,806
Outreach				2,492	(2,492)
Peter Harrison Foundation				988	(988)
Radio City			2,142	2,430	(2,209)		2,363
Football Foundation			1,323				1,323
Liverpool CVS				500	(500)
Albert Gubbay				31,600	(26,540)		5,060
Home Office			1,417				1,417
Merseyside Police			56	3,000	(3,000)		56
Inclusion Offer				12,412	(8,668)		3,744
Clothworkers Foundation				1,750	(1,750)
Arts So c city				500	(500)
Merseyside Waste	Authority			5,217	(2,828)		2,389
Ironmongers				5,409			5,409
Lottery Covid-19 Relief				72,559	(72,559)
Barclays Covid-19	Relief			100,000	(100,000)
SMF Covid-19 Relief				100,000	(100,000)
Community Cashback				12,422	(5,804)		6,618
CMC				52,295	(52,295)
Cheshire Community		Foundation		4,533	(4,533)
Wirral BC				29,673	(29,673)
LFC Foundation				40,000	(40,000)
Pavers Charitable	Trust			500	(500)
HAF Holiday Club				794	(794)
			5,069,583	510,301	(633,894)	14,697	4,961,341

						Movement	Movement	in funds
					Balance at	Incornlne	Resources		Transfers	Balance at
					1 April 2019	resources f	expended		6	31 March 2020 6
	Capital				5,307,946		(266,774)			5,041,173
	Youth Investment			Fund	18,046	218,585	(236,631)
	BBFC				35,990		(12,517)			23,473
	Medicash				573	15,000	(15,573)
	Inspiring Futures					9,953		(9,953)
	Outreach					8,454		(8,454)
	Feeding Britain					2,289		(2,289)
	Peter Harrison		Foundation			512		(512)
	Radio City					2,752		(610)		2,142
	Football Foundation					1,700		(377)		1,323
	DM Thomas					608		(608)
	Duchy ofLancaster					2,000		(2,000)
	Mencap					942		(842)
	Home Oflice					8,500		(7,083)		1,417
	Merseyside	Police				5,584		(5,528)		56
					5,362,555	285,317	(578,289)			5,069,583
21	Analysis of	net assets between funds
				Unrestricted	Restricted	Total	Unrestricted		Restricted	Total
				funds	funds			funds	funds
				2021	2021	2021		2020	2020	2020
				6		F		6		F
	Fund balances		at	31
	March 2021	are
	represented	by:
	Tangible assets				4,925,496	4,925,496			5,041,165	5,041,165
	Current assets/
	(liabilities)			533,158	35,845	569,003	93,698		28,418	122,116
				533,158	4,961,341	5,494,499	93,698		5,069,583	5,163,281

	2021f	2020f
Within one year	2,184	2,184
Between two and five years	546	2,730
	2,730	4,914


Cash generated from	operations		2021f	2020f
Surplus/(deficit) for the	year		331,218	(512,946)
Adjustments for:
Gain on disposal oftangible fixed		assets	(350)
Depreciation and impairment oftangible fixed assets			130,718	181,855
Movements in working	capital:
Decrease in stocks			301	1,157
Decrease/(increase) in	debtors		(16,892)	2,618
(Decrease)/increase in	creditors		(27,320)	28,650
Cash generated from/(absorbed		by) operations	417,675	(298,666)