Charity registration number 1163183 Company registralion number 09267940 (England and Wales) WIRRAL YOUTH ZONE TIA THE HIVE ANNUAL REPORT AND CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 An Onside Youth Zone • xeinadin
WIRRAL YOUTH ZONE TIA THE HIVE LEGALAND ADMINISTRATIVE INFORMATION Trustees Mr C A C Hurst {Chair) Mr J H Schofield Mr P J Bibby Mrs K E Eugeni Mr P J C GarrvJan MrMLNoon Mr J Syvret CBE Mrs H C Ka[KIeS Mrs S Weir (Appointed 9 May 20231 (Appointed 9 IAay 20231 Senlor managèment Mrs J Wlson Chf Exe¢xrtive Offir Charity nurnber 1163183 Company number 09267940 RegiSted office rral YcArth Zone Bright Sireel Birkenhead rral Merseyside CH414EA Auditor Xeinadin Audit Limited 46 Hamilton Square Biikenhead Wirral Meiseyside CH41 SAR Bankers Handelsbanken Beech House 0aand5 (Yffi(2 Patk Hooton Cheshire CH66 7NZ
WIRRAL YOUTH ZONE TIA THE HIVE CONTENTS Page Foreword from our Chair Trustees. report Statement of trustees. r&SpsibilitIeS 10 Independent auditorfs report Statement (>f financial aclivilies 14 Balance sheet 1S Slatemenl of cash llws Notes to the financial slatemenis 19-33
WIRRAL YOUTH ZONE TIA THE HIVE FOREWORD FROM OUR CHAIR FOR THE YEAR ENDED 31 MARCH 2024 "It's amazing, this place...It affects so many different young people in different way5. Hopefully if I do go for a job somewhere loixl, they'll be doing something good in the comfflunty- helping to pul a smile on kids faS." Ian, Hive senior rnernbeT. Isn't it wonderful to see not just how young people see The Hive. bLrt also how they see the Wrral community in supporting it? That Sense of colledive ownership is fundamental to what we do here. The Hive belongs to Witral'5 young people and the task of ensuring it's here for them and doing vthat they need us to do bek)ngs to all of us. This year has shown the breadth and depth of the supp(Mt that takes - whith indudes the steadfast support of our long-term partners, Wtral Counul, and the power of continued investments by grant funders, project comtmissioners. patrons, Hive 100 members and corporate partners., along wilh the Indible fvndraising efforts of so many people induding ovr young members and Hive supporters. We a so incredibly graleful for all your support. l also want to say Ihank you lo our amazing trustees. staff and volunteers. From Ihe ueativity of our youth workers in designing an engaging, compelling offer so that ylwng people come back again and again to the hours of dedication from our volunteers and men¢ors in providing incredible support- none of this happens wtthout you. Thanks to all your efforts in 2023124. we 5UPPOrted more than 2.800 young peop ¢wer 34.ow visits. taking part in an estimated 50CX) activitiesl An unbeliev8ble achievement. After seven years we know we continue to a make an impact- and look fOard to a new chapler as we welcome ovr new CEO Jayne lsOn. Our final thank you is to ma Easdown. who after seven years of working at The Hive moved onto a new opportunity- Charles Hurst Chair Date.. L9
WIRRAL YOUTH ZONE TIA THE HIVE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The trustees present Iheir annual report and ffinanual statements for the year ended 31 March 2024. The financial statèments have been prepared in aCa)rdan with the accounting policies set (iut in note 1 to the financ4al slalements and comply with the ¢harity's ATtides ol Association, the Companies Act 2006 and 'Accounting and Reporting by Charib"es.' Statement of Rewmmended Practice applicable to charities preparing their aCCCTrunls in accordanee with ihe Financial Reporting Standard applicable in the UK and RepU1C of Ireland IFRS 1021" (effective 1 January 20191. Oblectives and activiti rral YoLth Zone, named by young peoplè as Yhe Hrve. is a purpose-built space for young people aged 8 - 19 arKI up to 25 for those with disabilities. Centrally located in Bitkenhead, our £6M centre retlY eèlebrated its 7th birthday. Wirral Ywth Zone is part of a growing nelwork of similar independent youth otganisalion8 Ihal all share the same principles, developed by the diarrty Onside Youth Zones. whKh is creating 21st r£ntury yt)uth spaces in towns and tie5 acyoss the UK. Our prov8n m(xJel givès young people from auoss Wrral a($$ to a variety ol fantast aclivities for a cost of onty £5 for an annual membership and Sop per viyl. The Youth Zone provides a safe environment where young people Can spend their leisuie tiJne, raise their aspirations and improve their physKal and mental health. Up lo 20 different activities take place each night induding football. boxing. danting, dimbing, creative arts, musi¢, drama and employability tratning -all for just 50p per visit. lIst Wrral Youth Ze is prcth lo be part of the Onside NeOrk. we are first and foremost an independent chatty, which ensures we can respond to the needs of the local young peOe and the surrounding c(Knmunity. Our vision is th81 young petsple are healthier, happier and thrive wthin Iheir communities. do this by providing somewhere safe to go. something positive lo do and someone trusted to talk to. Every young person deserves a safe space wheie they can enjoy themselves and feel supported and valued. The arnazing equipment and opportunities offéred al The Hive are important. l)ut the real impact comes from the lrfe- changing youth work and inspiring youth workers who are at the hpart ol what we do. Our approach is that we: Help identify and focus on young people's strengths and potential ratherthan ju51 addressing problerns Engage young people as adive partners tn their development. giving Ihem a voice and encouraging them to take leadership roles within The Hive and beyond Focus on Equality and Inclusion we promote human rights. wGial justice. and anti-oppressive practices and work hard to ensure that our youth WOTk is aSSIble and indusive for all young people Create a fanlaslic environmenl where young people feel safe yel are th8llenged to glow and leam Continue to develop by regularly assessing and adapting our praCtIs, based on feedback from young people and other stakeholders. This creates a supportwe fram8work that fosters personal and soual delOpMent. enhances èmployabifty, and improves overall welkb•ng. Throughout Dur Wk, we ernbface five organisational values-. Young people first.. young people are at the heart of everything we do. inspiring and chalknging us to deliver eryices that exceed their needs and challenge them to be the best they can be_ Excellènee.. we encourage ourselves and each other to be the best we be through ¢ontinuous learning and improvement and a fotsjs on fin(fing solutions. Respect.. we act wilh honesty and integrity. celebrating diversty across Ihe whole organisation and caring about each other, our youn9 peop5e and the Youih Zone environment.
WIRRAL YOUTH ZONE TIA THE HIVE TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Arnbition.. we are passionate and driven in taking on new chaInge$. embracang new ideas, and exceeding OUT ambitions for young people, the Youth Zones and our kKal Commun11¢$. Collaboratron.. we will create and nurture Strong. ueatNe partnetships. working togelher to achieve belter results and tsutcomes for youn9 people. To achieve our vision, we worked toward5 five Strateg goals in 2023r24.' Young people - To ensure thal our offer is rÈlevant and young people see The Hive as a destinats'on ol choice and we engage as many yourbg peOe as possible Finan¢ial sustainability - To be a sustainable organisalion which can maintain a stale-Df-the-art facilty and a well-equipped high quality staff team Embedded in thè community - To be an integrated and respected part oflhe fabrTrc of the Wirtal. Pèople To maintain a high calibre of staff and volunteèis Ihrough rtsbusl recwitment procedures and continuous staff training Goveman¢e- To ensure robvst govetnance and strict adheren to pofiaes and procedures. Achièv•ments and perfomiance Our ye2r in nurnbers.. 14,560 hour5 of unNersal youth work. through an eslimaled 5.000 actNitie$ 34,000 visits by young people to our sessions 40.000 visits to The Hive when you dUde the addillon Ihou5ands of times young people used our building with other community partners. schools. colkges. Wttal's youth émployment hub and parent and ild gioups. 500 food Ènd essentials hampers delivered lo f8milies 10,000 free meals served up over the ¥nter months 1,600 holiday club places delivered for children as one of govemment's HolidayActivity and Food partriers Support for 389 young people acmss sèven primary schools and three secondary schoo15 Ihrr)u9h our Bee Amazing.. Lemon3d8 wellbeing prDgrÉmme. helping young people to build their resilience skills 100s of Christmas gifts disliibuled 41 volunteers and 21 youn9 leader5 CDnfr]bts-n9 3.280 volunteering hour5 37 mentors supporting 40 young pèople. But what this means is so mu¢h mre. "Since coming to The Hive, I've become more confident in myself. be myself morè. learned how to be a DJ..-that confidence has raised me loads." "I wasn't like the fittest or the most musically talented. but thavs changed since I started coming here." "It's made a masslv¢ impact on my life." Our universal offer We have four unw8rsal sessions per week- lor our youn9er members aged 8-12, and two for DUI seniors aged 13 and over. At each session young people can buy a hot meal for £1 and a¢sS over 2CI activities. Our youth workers work hard to make SU that no two evenings are the sarne- with themes throughout the year to engage young people thiough sports, arts. rnedia and dis1xJsons. On average. we have more than 150 young people each session which lasls for at leasl four hours, enabling the young people to try all th& aCti(S on offer.
WIRRAL YOUTH ZONE TIA THE HIVE TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 As well as fun, our sessions indude an element of leamin9 by stealth whether ihat's a fows on health and wellbeing or teamwort( and communi(xtiOll, as well as skills needed for the fulure_ Our new focu5 on Saence, Technology. Engineering and Maths activities {STEMI have proved lo be a real hit on Session. with both junior and senior mernbers. We tailor the approad) to work for every age and il's been fantast to see the fun young people have had with 'farting' cars. DIY helicopter5, erupting volcanoes. robot hands or balloon parachutes, slime and DIY hovercraft whilst learning about chemical reacaions. gravity and propulsion_ Science and the enviionment are also key messages behind OLEr environmentally friendly kit car. This year, the project 15 giving teams ol juniors and seniors Ihe than lo build and race their own car at tracks around the country. 'Strawbery Dave, as the rar was named - went against 50 olher teams rentlY and although we didn't win laslesl car. Ihe team was awarded the coveled'spirit ol GenpOwer, award by race organisers the Greenpower Trust. 'Discus5ion5 Wlth a brew. have proved a popular addition on our senior sessions each Friday, exploring issues such as vaping, phone use, exploitation, coercive control. grooming. gang5 and violence, eating disorders and gambling, as well as many discussions lo explo equalty and diversity- A combinalion ol short films, exerases and choice DVDS are used lo generate discussions. We have worked hard to look at inL¥easing the number of young people altending sessions and joining as members through an outreach programme lo local %hools and COTnmunity groups. This has halted a decline in numbers, but we need lo continue to develop this approath. Our approach to inclusion Our speryfi¢ inclusion session. Hiveability. continues to be a massive highlight ol our offer. We have Iwo separate inclusion sessions.. one for young people and their parents and siblings each Sunday, where on average 100 people attend. This is supported by inclusion workers on our universal sessions. who can support young people with any adaptation5 needed. We have over 30Yo ol ¢)ur members with addrtional needs who regularly attend all our sessions. Iri re5ptsnse tts this demand, we also secured funding to run a senior Hiveability session for young people aged 14 and over, whith focuses on preparation for Independen and has proved partictjlarly popular. Our specialist support Our specialist mentoring prograrne continued to match skilled volunteers with young people who are facing specific challenge5 or want to achieve speafic goals. Thanks lo ihe programme, we saw a number ol young mentee5 getting back to school and college after experienung hugety challenging times for their mental health. The programme was there for thern when other support roules had faile(l Of meant long waits for specialisl help. From volunteering opportunTlies for young people to Programmes whtch helped them gain qualthcalions, connections, experience and a taste ol the working worfd. we supported many more young people to tool up for their next steps over the year. Our woth induded team-ups with.. Get it Loud in Libraries- which brou9hl senior members together with Wirral libraries. inspiring facilitators and music pathway partners in 8 week full of beat-boxing. song-writing. rapping and taking album worthy 5nap5. Young people finished the week with a GCSE-level 8ionze Arts Award to add to their CV, and re31- world experience of what it's like to get started in the music industry. NHS Cadets Our partnership continued wth Sl John Ambulan and NHS Wtral Partrsership TIu5t to deliver this programme, which combines practical skills for heallhcare careers with exposure to tlie huge range of potential opportunities they open up. Duke of Edinburgh Our programme giving young people a different way to complete their award away from the traditional school route and supporting young people who otherwise may not have the opportunity to take art in the scheme saw five young people gain their bronze awards. completing both a trial and final expedition. putting in hours of volunteering and developing their skills. We ended the year with 17 young people signed up for the next ¥ound of the p¥ogramme.' 3 on bronze. 11 on silver and 3 on gold. Our Bee Independent". The Lemonade progTatnme continued its work in our centre and out in schools righl across Wirral, helping small groups ol pupils tts build their iesilienTr skills lo support better mental heatth_ The proje¢t Covers everything froni healthy eating lo recognising emotions and managing them in positive way, identfying what makes a good fnend and how we would behave il someone isn't so kind. and how lo boost our self.esleem. In the last year the project worked with almost 400 young people whom were put forward by their teachers or oyr youlh wotkers as children who might need to develop their skills to deal with the challenges lrfe Ihrows at Ihem.
WIRRAL YOUTH ZONE TIA THE HIVE TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 'My son has èutism and honesty sftrygs all the time, but he Ironestly couldn't sfop falking about how much he enjoy8d Ihis aclivily and how gre81 il was. Just wanted fo say thank you. because he was re8lly h8ppy." Parent. Lemonade proj•¢t pupil 'Fmm the start the le8m have been 9&t wothng with our needed Cohort tst sturlènfs for their wellbeing. All stiidenls have enjoyed Ihe session5 and tlpern has ljeen a I>uzz 8mund lh8 classroom with what they hav& leamlor made.- Inspiring Futurès Our sm-week programrTE ft)r young people who have disengaged from sd)ool. are too anxious to go. or are at risk of being exduded ran throughout the year with over 30 young people taking part. Such is the demand from schools that we've been SUPPQTbng young people every week with an edu(xtional locus. visits to museums, industry and some funl We firhd out what inspires them and Éncourage those young people to go back to school to get whal they need tr) reach their aspirations. The impad is in¢[ble.. the most recent cohort saw a signfftant Increase in sch¢Jol attendance. "Thank you for makjng th8 students, day so happy and positivel 7heyhav8 èll come back lo school so enlhusiasbG ènd wilh huge smiles on Ih8irfaGes.' Working wlth our community Thanks to fvnding from Wrral C(MJncil, ovr parlnership LFC Foundation and the generosty of our rpOrate partners, we have been able to initiate a new campaign ol wèekly f1 ddiveries across the borough to those who need bt most. We have been able to prov¢de deliveries eath w&k tts at leasl 20 member5 ranging from individual families lo semi- independent ¢are leaveis and people in supp(Mled accommodation. At Christmas wg delivered 90 food hampers and fhen each receNed grfts for each oflheir thildren induthng a pair ol pyjama5. We continue to work in partnership with loral groups and organisations in providing the use of our facili(ie5 and facililaling addilional support for children and young people in Wrral. This has inGluded'. A partnership with Progre55 Schools (or altematNe KS3 provision Hosting Mcrseyside Cornmun¢ty Training to provide a youth eynploymertt hub Ihree times a wéek Local schools and colleges using our facilities LFC Foundation basing some of their fantastic programmes here. using The Hwe a5 a satellite hub on the Wrral. We have Increas our footfall in Ihe building considerabty and will ¢xJntinue to look at how we maximise the use gf our buildÈng * all times. Fundraising statement All of Wirral Youth Zone's fundraising activty is carried (xrt in line wtth Charity Commission guidelines and relevant legislation. There were no complaints made against the charily during the per. The charity approves all requesls fw tundiaising by asses&ng whether it is in line with legislation and best practice guidan. This indudes where and h¢)w the lunds are raised. All fundraising actNities are structured and in Wrral Youth Zone's (x)ntrol. there is fundraising that is completed by a third party.
WIRRAL YOUTH ZONE TIA THE HIVE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Flnancial review The Truslees would like to thank all of our patron5, corporate supporters. community partners, Wirral Council and the variou5 grant-lnaking bod lor their continuèd support of The Hive Youth Zone this year. Ihfithout the support of all of these key slakeholders. we WOU not have been so succ£sstul. Financial sustainability We worked hard tts make sure we conlroifed (yjr expendtbjre whilst maximising incnme. with regular oversight from the finartcè commrttee to ensure we navigated a difficult year. We made some changes thiou9h restructuring Ihe team, whilst minimising Ihe impacl on oui services. We also looked at how we could raise more funding. working in partnership with Onside to secuTe additional sOUrCe to invest in our fundraIng team and grow our income lo meet our requirements. We have a new income generation stralegy whith wll ensu continue to look al new income slrearrs whilst c("nng to steward our existing partneis. We reviewed 811 our contracts and uJmF4eted a best value exerose to ensure we were spending our funds wisely, including bringing some contfacts in house. Goin9 concern The Financial Statements are prepared on a goin9 fA)nc£m basis. At the time of approving the accounts. ihe trustees have a reasonable expectation that the chwity has adequate [esourS lo (x)ntinue in operational existence for the feseeable future. Thus. the Iruslees fA>ntinue to adopt th8 going concem basis of aGGounting in preparing the accounts. The charsty shows a suiplus at opèrational level (before depreoation of the restriGled asset) for 202>24 and has a slrong budget for 2024-25 showing an expected operational surplus of £3k and the budget figures ft>r 2025-26 to the end of September lone year from the date of sKJning the accounts} shows an expected operab"on31 surplus of @ £4k {£8k for the full yew). The charity has new management and a finan(ial team. which are working on improving the financi81 information to aid decision making in the tharity. The finanaal situation is supervised overall by ihe Finance Committee. reviewing acwunts regularty arKJ discussing with ihe selli leam. After careful analysis (rf the Charity's income. expenditure, unfestrided reserves, and foTecasts the Trustees are confhlent in thè Charity's ability to continue as a going concern. The Trustees do not have any material unrtaInlieS about the Charity's ability to coniinue as a going concem for a timescale ot at least 12 months frotn the date of signing of the Truslees, Report Resètves policy The Board of Truslees ha5 established a reseNes policy which appropriatety reflects the risks to which the charity is exposed. In compliance with such policy, it will VieW regulady bolh the sum it wishes to hold in reserves in the unrestiicled budget and the basis for that figuie. The iesetves poliry considers ongoing fixed costs bul excludes variable costs and any expenditure whith is linked to Stric{ed projects and therefore covered by restricteij funds. In rewewing the potential costs that could arise should a wgnificant reduction in inccime be incvrred, Ihe Trustees have detern)ined that unrestricted. 'free'. reserves should be Maintair at approximalely 3-8 months of these day- to-day running costs. The TrusleÈs agree that the purpose of the unrestricted fund5 ts to support all day-to-day activities necessary at Wrral Youlh Zone to support the universal youth provision. due consideration has been given lo Ihese aGtivilies in the annual review of the resetve5 poliLy. As mentioned, the re52rve5 polw considers ongoing fixed costs and excludes variablè costs and other one-ofl addilionavdiscretionary ilems, during the peritsd. &6 months of fixed costs are delerrnined as £339,549- £679.098. The Trustees Inanage the tharivs finances so that an adequate level of reserves maintained in compliance with the reserves policy.. on 31 March 2024 thi5 was £407.984 thi5 amounts lo 3.6 month5. ver.
WIRRAL YOUTH ZONE TIA THE HIVE TRUSTEES, REPORT {INCLUDING DIRECTORS, REPORTI {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Rèvlèw of risks Wirral Youth Zone accepts deg$ of risk lo attueve better tMe$ for more children and young people. We cognise thal our risk appetite wll vary, and all our deasions wll be based on the opportunity. completion of appropriate due diligence and a review of Ihe identifEd risks. To be successful The Hive must rernain a robust and finanaalEy sustainable organisation with suffiaenl capacity lo support our members and run our core offer and farAIty and therefore our cnre risks musl be managed. We also know that our reputal.on Is param(HJnt lo rx)mplete our work and will address situations and take 8ctions where our reputation is al risk from unacceptaNe behaviors or vayues by our stsff or volunteers. We have a low to cautious tolerance for rlsk apart from our work wlth young p•opl• when w• hav• no appetite for risk in terms ofpmtecting them from harni. The Trustees have developed a risk register which ouyines the major stralegio twsiness and operational risks whid) thè chaiity faTrs and confirm Ihal systems have been established lo enable reports lo be produced so that the necessary steps can be taken to miligale the risks_ The risks are reviewed quarterty by the CEO and any changes or new risks are reported to IhÈ board. At this stsge the priniipal tisks arè.. Financial ot being able lo athiev¢ incoTne targets ot controlling expervjiture leading to ductIon in reserves and cash flow i55ues We do not support adèquate numbers of YOLW people in our sess>ons, or through the lack of community and partnership an9agement in Ouf work We do not SUffient ¢3plure the IMpt of o¥Ji woth lo repNt to funders and we are nol able to inuease the profile of our work Safeguarding. accidents or inudents whith would lead to reputational damage A major building inadent. Pla for future periods The board and new CEO. along th input from young people. staff and 5takehokJers developeil a new three-year strategy which wll be finalised during th8 summer of 2024. Staying true to the OnSKle ONA, a key element will be focusing on OUT universal sessions with the aim of working with 3,0 young people through 1.fA)O altendances perweek. Strategic aim. To be 8 safe, high quality unNersal provision whid) is led by young people.. inspiralional and responsive to their changing nèeds, and to those ofWThal's communittres. Our goals are.. 1.The Hive Youth Zone is safe and accessible lo all. 7 days a week. have at leasl 28CTrD members. be supporting al least 800 young people each week tts run an additional session to have developed rnore actiMbes utilising our gym. boxing and performing arts area 2_ The Hive Youth Zone is at the heart ol the community. wilh high levels of engagement and attendance Ihrough high-qualily youth work and events. 3. The Wirnal communtty feels a serise of ownership of The Hive. supporting our Gharity and our vision for young people. 4. Our offer is refined, agile and continuousty improving to engage and support our young members 5. We will capture the imp8ci of our work and grow our repulalion as a charity which makes a positive. long-lem) difference.
WIRRAL YOUTH ZONE TIA THE HIVE TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT) ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Strategic aim We will strengthen The Hive Youth Zone by Investing in our staff and facli ities. growing our in(X)me generation through nw)re diverse income streams and by improving wemance - includiThJ representation of young people's voices. Our goa15 are.. 1. Young people are at the heart ol our degsion making and have a k)ud and clear voice at all levels. 2. Our approach to governance, quality assuran and compliare is conb"nuousty improving 3. We ale an employer of choice. aitradyng and retaining an outstanding teatn of staff and volunteers 4. The Hive has greater financial stabilty through new opportunthes and the growih of our sUPPOrter netwtyk 5. We ale f1nancially responsitAe whilst continwng lo invest in our state-ol-lhe-art building 6. We will have a reputab.on as a tharity creating a WltiVe. lon*tem impacL Structure, govèmance and management The Charity is a c£)mpany limited by guarantee and is governed by ils memoiandum and Artides of Assoryabon dated 18 September 2014. 11 is a thatrty registered wilh the Charity Commission on 18 August 2015. In the event of the company windinTrup. the members have guaranteed the Iiabiltttes of the company to th8 sum nol exceeding £10 each. The trustees. who are also the diiedots for the purpose of company law. and vJho seNed during the year and up lo the dale ol signature of the finanaal statemenls were-. Mr C A C Hurst (Chair) Mr J H Schofield Mr P J 8ibby Mrs K E Eugeni Mr P J C Garrigan MrMLNo Mi J Syvret CBE Mrs H C Kanakides Mrs S Weir (Appointed 9 May 20231 (Appointed 9 May 20231 Recruitment and appointment of trustees Those persons notrfied to the Registrai of Companies as the first d1CtOrS of the charity are the fiTsI Iruslees. The Trustees have power lo appoint any peison to be a truslee. The members may remove or appoint trustees by passing 8 Speual Resolution and il there is a conflid befvleen the members and the trustees, the members decision The number of members should nol be less than three and Ihere is no maximum. At the first Annual General Meeting all directors rÈlired and soughl re-election. At each subsequent annual general meeting one third of the directors are required lo retire by rotation and seek re-appointsnent rf IhEy wish to Eontinue. The members are the subscribets to the Memorandum and sud) persons as are approved by the members to become new members.
WIRRAL YOUTH ZONE TIA THE HIVE TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORTI (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Organisational stwclure rral Youth Zone is governed by its Trustee Board whith is responsible for seting the strategic direction of the organisation and the poliw of the charity- The Trustees carry Ihe ultimale responsibility for the conduct of Wirral Youth Zone and for ensuring that the charity satisfies rt5 legal and contractual obligalons. The board is required to indude a Chair and Vice Chair. Trustees are elected for a temi ol up to three years but may be ie-elected. In addition to the annual general meeting, the board meets four times a year and can also form sub committees to provide an additional level ol scrutiny. Currently we have two sub committees. The Finance Committee which meets quarterly and our newly formed strategy development sub group to start work on the straiegy for the next three years. Each committee reports to the hjll board on their adivities and any concems. Decisions are detemiined by a sirnpte rnajotrty ol votes. in the case of an equality of votes the Chair of the meeting ha5 the casling vote. Remuneration policy The rernuneration committee makes recommendations to the board on an annual basis regarding salaries paid, increase5 and employer benefits. In Order lo reath a recommendalion. the MneratIOn committee Iwhi¢h is made up of representatives trom the board of directors and the CEO) use the wider youth zone network arKI similar third sector organisations as a benchmark. Auditor In accordance with the cornpanrfs artides. a resolution propo&ng that Xeinad¢n Avdit Limited be reappointed as auditor ol the company wll be put at a General Meeting. Public benefit ASI the activities of Ihe charity {as symmari5ed above) were undertaken to lurther its d)aritable purposes for public benefil. The provision of a high-quality youlh zone for young people respond5 to a clear, ongoing demand frorn young people. parents ar the wder community fof more and betler pla5 for young peopte to go. The youth zone tsffers universalty accessible activilies to young people aged 8-19 lup to 25 wilh a disability) regardless of ia¢e, sexual orienlalion. disability, gender we focus on atlendance and partiapalion by loung members of surroNdIng communilies who ale able lo enjoy affordable access to all tli e opportunities that the youth zone provides. The Trustees ol Wirral Youth Zone have complied with the duty in section 17 of the Charities Ael 2011 to have due regard to the public beneffit guidance published by the Charaty Commission. Disclosure of inforniation to auditor Each ol the trustees has confirmed that there is no information of which they are aware wht¢h is relevant to the audit, bul ol which the auditor is unaware. They have fvrther confirmed that they have taken appropriate steps to identify such levant informab.on and to estsl$h that the audilot is aware of such infomiation. The trustees, report was approved by Ihe Board ofTru$tees. MrCA rst Ichair) Trustee Date..
WIRRAL YOUTH ZONE TIA THE HIVE STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 The tru5t8es, who are also the dwectots of Wrral Youth zor for the purpose of ¢ornpany law. are responsible for preparing the Trustees, Report and the finanual ststements in acc(Kdance wth applicable law and United Kingdom Accounting Standards Iunited lingdom GeneraItyAcpted Accounting Practice). Company Law requi$ the trustees to prepare financgal slalefferhts for eath financial year which ge a true and fair view of the stale of aflairs of thè charity and of Ihe incoming resources and application of resources, including Ihe income and expendiiure, of Ihe Charitab o)mpany for th3t yèar. In preparing these finanaal slatements. the trusiees are iequired to= - seled suitable accounting policies arKI th appty them consislenty.. - observe the methods and prin¢ipks in the Charibes SORP.. - make judgements and eslirnates that are reasonable and prudenL and prepare the financial statements on the going )r1¢eM ba&s unless tt is inappropriate lo presume Ihal the charity will conlinue in operation. The trustees are responsible for keepiTrJ adequate accounting records that disdose with reasorbable accuracy al any time thè finanaal posiEion of the chartty and enable Ihem to ensure that the finanrAal statèmenls compty with the Companies Act 2006. They are also responsitAe for safeguarding the assets of the charity and hen for taking reasorhable steps for the PreVenn and dètèctron of fraud and other iriegul81ibes.
WIRRAL YOUTH ZONE TIA THE HIVE INDEPENDENT AUDrroR'S REPORT TO THE MEMBERS OF WIRRAL YOUTH ZONE Opinion We have audited the financial slalernents of Wrral Youth Zon¢ (the 'tharityJ ar ifs subsidiary for the year ended 31 March 2C124 which rx)mpri5e consolidaled s12tement of finanoal &tMbes, the Cons0ated and charity balance sheet and the noles to the finanaal statements. induding summary ol significant aco)unting policies The financial reporting framework that has been applied in their preparation is al¢able law and United Kingdom Accounting Standards, induding Finanaal Reporting Slandard 102 The Financial Reporting Slandard appliGable in the UK and RepiibliG oflreland (United tyj0M GenerallyAr£eptedAc¢ounting PraGtice}. In our opinion, the financial statements". give a true and fair view of the state of the group and charitable company's affairs as at 31 March 2024 and of ils incoming resour¢es arKI application of reSoUrs, induding its income and expenditure, for the year then ended.. have been properly prepared in accordance with Unrted Kingdom Generalty Aepted Accourhling Prad1.. and have been prepared in accordance wth Ihe reqU1MentS of the CompaniesAct 20[. Basis for opinion We conducted our audit in accordance wth Inlemational Standards on Auditing IUK) {ISA5 (UK)) and applicable law. Our responsibiltties under Ihose standards are further described in Ihe Auditorfs TrspOnSilies for Ihe audit of the financial slat8m8nts sÈction of our report. We are nidependenl of the tharity in acwrdance wilh the ethical requirements that are relevant to our audrt of the finanual statements in the UK. induding the FRC'S Ethical Standard. and we have fulfilled our other ethKal responsith"lth"es in accordance wilh these requirements. We believe Ihat the audit eviden we have obtained is suffiuent and appropriate to prowde a basis for our opinicn. Concluslons relating to going ¢on¢ern In auditing the finan31 statements, we have conduded that the trustees, use of the going ¢x>n¢em basis of accounting in Ihe preparation of the financjal statements is appropriate. Based on the work we have perfornied. we have not idenlified any materral uncertainties relating to events or conditions that, individually or collectively, may cast sygnificant doubt on the charty's ability lo continue as a going eoncem for a period of al least Iwdve monlhs from when the ffinanaal statements are aLrthorised for issue. Our responsibilitses and the respK)nsibilthes of the truslees th respect to goiryJ 0)nrn are described in the relevant sections of Ihis report. Other infomation The other information comprises the information induded in the anrhual report other than the finanaal statements nd our auditovs report thereort. The truslees are responsib le for the other inftsm)ation contained within the annual port. Our opinion on thè financial st8tements does not cover the other inlom)ation at)d, except to the extent otherwise explicitly stated in our report, we (lo not express any fom ol assuiance conclusion thereon. Our responsibility is to read the other infomalson and. in doing SD. cA>nsider whether the other informalion is materially inconsistent with the finanual statements or our knowledge obtained in the couise of the audit, or otherwise appears to b8 materially misstated. If we identify such material inconsistencies o¥ apparent material misstatements, we are required to detemiine whether this gives rise to a rllaterial misstatement in the financial statemenls themselves. If, based on the work we have performed. we condude Ihal there is a maiertal misstatement of this other information, we are required to report that fact. We have nulhing lo ieport in thi5 regai¢J. Opinions on other matters proscribed by the Companies A¢1 2006 In our opinion, based on the work undertaken in the COUT5e of our audit- the informalion given in the tiustees. repori for the finanaa] year for which the financial statements are prepared. which indudes the d1ctorS. report prepared for the purposes of Gompany law. is conslstenl with the financial statèments", and the directors, report induded within the tru5tees' rèport has been ppared in a(Lordance with applicable legal requirements.
WIRRAL YOUTH ZONE TIA THE HIVE INDEPENDENT AUDJTOR'S REPORT {CONTINUED) TO THE MEMBERS OF WIRRAL YoirfH ZONE Matters on which we are r8quired to report by exception In the light of the knowledge and Urerstanding of the charrty and environmErt oblained in the ¢ourse of the audit, we have not identifiéd material misstatements in the diredors. report induded within the Iru5tees' pOrt. We have noihing to repKJrt in respera of the foll("n9 matters in relation to which the Companies Act 2006 iequires Us lo ieport to you if, in our opnion.. adeqvale accA>unb"ng records have not been kept. or retums adequate for our audil have not been received from branches not visited by us.. or the financial slalements are not in agreement with the accounting records and returns,. or rtain disclosures of truslees. rernunerab" spectfied by law are not made.. or we have nol r1Ved all the inforrnation arKI explanations we require lor our aUdt.. or the trustees were not entitled to prepare the finarbCi31 statements in accordan with the small CoMpanS regime and take advantage of the small COTnpanies' exemptions in preparing the trustees. report and from the requ7ment ID prepare a strategic repoTL Responsibilities of trustees As explained more fulty in the statemenl of Irustees. re5ponsibililies. the Irustees, who t alsts the directors of the d)arity for the purpose of company law. are responsible for the pparatIOn of Ihe financial statements and for being satisfied that they give a true and lair view. and for suth intemal control as Ihe trustee5 determine 15 necessary lo enable the preparation Cpf finanaal statements that are freè from material misstatement. whether due io fraud QT error. In preparing the ffinancial statements. the ttU51Ees are spOnsIble for assessing the group and Charits ability lo continue as a going Con, disd051, as applicablè, matters related to going conwn and using the going concern basis of accounting unless the Irustee5 either Kntènd to IiquKlate the d)aritable company or to cease operations, or have no realistic allemative tNJt lo do so. Auditorfs responsibilities for the audit of the financial statements Our Objectives are to obtain asonable assuiance aboLrt whetheT the finanoal slatements as a whole are free from material misstatetllenl, whether due to fraud or error. and to issue an audilof s repDrt that indudes our opinion. Reasonable assurance is a high level of assuran but is not 2 guarantee thal an audit conducted in accordance with ISAS IUKI will always detsct a material mtsstaternent when it exists_ Miss181ements can arise from fraud or err and are considered material rf, individually or tn Ihe aggregate. Ihey could reasonably be expeded lo influence the economic decisions of Le(S taken on Ihe basis of these ffnanryal stalemenls. The extent to which our procedures are capaNe of dete(Xing irregularities. induding fraud. is detailed below. Extent to which the audit was considered capable of dètecting irregularities. including fraud our approach to identifying and assessing the risks of material misstatement in reSpt of irregukrities, induding fiaud and ngn-conipliance wtth law5 and regulations. was as follows". the engagement partner ensured that Ihe engagement team colleclively had the appropriate competence, capabilities and skills to identify or recognise norKompliance with applicable laws and regulations,. we identifd the laws and regLationS applicable to the group through diScAJssnS with Iruslees and other rnanagernènt, and from our knowledge and experience ol thaiity secEor we focused on specific laws and regulations whi(* we considtrted may have a direct material eflecl on the financial Statements or the operations of the gioup, including the Companies Act 2006, Charitie5 Aci 2011. data protedion, antkbribery, employmenl, food hygiene and heallh and safety legislation- we assessed the extent ol compliance with the laws and regulations identified above through making enquiries of rnanagernent team and inspeding legal correspondence,. and identified laws and regulations were communicated within the audit team regularly at)d the leam remained alert to instan$ ol non- conipli8rice througholrt the audit.
WIRRAL YOUTH ZONE TIA THE HIVE INDEPENDENT AUDITOR'S REPORT {CONTINUED) TO THE MEMBERS OF WIRRAL YOUTH ZONE We asse55ed the suscepb"bility of (he group's finanoaj slatements to material misslatement. induding obtaining an understanding of htsw fraud might occur, by.. making enquiries of management team as to where they c¥*nsidered there wa5 SUSC£Ptibiltty to fraud, their knowledge of actual, suspected and alleged fraud. and consideiing the internal controls in Pla lo mitigate risks of fraud 8nd non-complian with 18ws and regulations. To address the risk of fraud through management bias and override of controls, we= performed analytical procedures to identify any unusual or unexpected latiOnshipS.. tested journal entrie5 to identify unusual transactions., assessed whether judgements and assumpts5 made in delermining the accounting estimates weie indicative ol potential bias.. and investigated the ralionale behind significant or unusual transathons. In response to the risk of irregularities and no1A)mplianCe wrth laws and regulations, we designed produreS whi¢h included, but were not limited to.. agreeing financial ststernent disclosure5 to underlying sUPPOrting documentation", enquiring of management as to actual and potential litigation and daims-, and reviewing correspondence with HMRC and relevant regulators. There a inherent limitabons in OUT audit procedures described al)ove. The more removed that laws and regulations are from financial transactions. the less likely it is that we would become aware of non£omplian¢e. Auditing standards also limit the audit procedu$ required lo identify nortr-compliance wsth laws and regulations to enquiry of the dIlor& and otheT management and the inspection of regulatory and legal rrespOndencE, rf any. Material mi5Statements that arise due to fraud can be hardei to detect than those that arise from error as they may involve deliberate concealtHent or collusion. A further description of our responsibilities is available on the Financial Reporting Councifs website at." https"./l www.frc.org.uklauditorsrespon&bilities. This description forms part of OUT auditorfs reptsrt. Use of our report This report is made solely to the charitable companrfs members. as 8 body. in accordance w5th Chapter 3 of Part 16 ol the Companies Act 2006. Our audit work has been undertaken so that we tnight state to the charitable company's members those matters we are required to stale to them in an audrtorfs report and for no other purpose. To the fullest extent permitted by law, we do not ac£ept or Èssume responsibility to anyone other than the charitable cornpany and the charitable Company's member5 a5 a body, for our audit work, for this report. or tor the opinions we have lomied. Helèn Furlong FCCA ISÈnior Statutory Auditor) for and on behalf of Xeinadin Audit Limited Chartered Accountants Statutory Auditor 46 Hamilton Square Birkenhead Wirral MerseysKle CH41 SAR 13-
WIRRAL YOUTH ZONE TIA THE HIVE CONSOLIDATED STATEMENT OF FINANCIAL ACTMTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 IVARCH 2024 Unrestricted Restricted nds funds 2024 2024 Totsl Unrestri¢ted Restrlcted funds funds 2023 2023 Total 2024 2023 Notes Income and endowments from: Donations and legacies Charitable adivilies other trading activities Other income 930.7QK) 163.1 4.768 42.689 314.167 1.244.867 163.190 4,768 42.689 951,284 177.041 126,927 39.189 327,591 1,278.875 177.041 126,927 39.189 Total ineome 1.141.347 314.167 1.455.514 1.294.441 327,591 1.622,032 Expenditure on.. Raising funds Charitable activibes 120.511 994.926 120,511 415.511 1.410,437 99,222 1.095.548 99,222 442.878 1.538,426 Total oxpenditure 1,115.437 415.511 1.530,948 1.194,770 442.878 1.637,648 Net incomellexpendlturè) and movement in funds 25,910 1101.344) 175,4341 99.671 1115.28n 115.6161 Reconciliation of funds- Fund balances at 1 April 2023 382.074 4.699.549 5,081.623 282,403 4.814,836 5,097.239 Fund bala4ces at 31 Mah 2024 407.984 4.598.205 5.006.189 2,074 4.699.549 5,081.623 The slalemenl of finan¢ial 8¢tivities indudes all gains and losses recognised in the year. AJI in)Me and expendilu¥e derive from continuing activities. Th8 notes on pages 19 to 33 fom part ofthese ffinan¢iJ Stalements. 14_
WIRRAL YOUTH ZONE TIA THE HIVE CONSOLIDATED BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Notes Fixed assets Tangible assels 14 4.564.181 4,680.836 Current assets Stocks Debtors Cash at bank and in hand 15 16 2.5( 141.742 533.216 2,759 72.399 557,642 6T1.464 632,800 Creditors.. amounis falling due within one year 17 P35.456) 1232.0131 Net current assets 442.008 400.787 Total assets less current liabilities 5,0(,189 5.081.623 Net assets 5.OC6.189 5.081.623 The funds of the charity Restricted inccime funds Unie5trirted funds 20 4.598,205 407.984 4.699,549 382,074 s,0(.189 5,081,623 The notes on pages 19 to 33 form part of Ihesè finanaal statements. The financial statements w8re approved by the trustees on . Mr C A C Hurst Ichair) Trustee Company registration number 09267940 (England and Wales) 15-
WIRRAL YOUTH ZONE TIA THE HIVE CHARITY BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Notes Fixed assets Tangible assets Investments 14 4.564,181 4,680.836 4,564.183 4,680.838 Current asset5 Debtors Cash at bank and in hand 16 147,555 524,173 69,432 556,085 671.728 625.517 Creditors- amounts falling due within one year 17 (229,2491 1224,2591 Net current assets 442.478 401.258 Total assets less current liabilities 5,006.661 5,082,096 Net assets 5.006.661 5.082,096 The funds of the charity Restricted income funds Unrestricted funds 20 21 4.598.2 408,455 4,699,549 382.547 s.oc,661 5,082.096 The notes on pages 19 10 33 forni part of Ihese finanual stalements. The fina al statemenis were approved by the Irustees on Mr C A C Hbrsl ICh8ir) Trustee Company regislralion number 09267940 (England and Wales) 16-
WIRRAL YOUTH ZONE TIA THE HIVE CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes Cash flows from operating activities Cash labsorbed by}Igenerated from operations 24 (22,4681 119.943 Net cash used In Investlng activitles Ngt cash usèd in financlng actlvitles Net Idecreaseyincrease In cash and cash equ5valents (22,4681 119.943 Cash and cash equivalents at beginning of year 555.684 435.741 Cash 2nd cash equivalent8 at end of year 533.216 555.684 Rglating to: Cash al bank and in hand Bank overdrafts included in ueditors payable within one ye 533.216 557.642 {1.958} The notes on pages 19 to 33 fomi part of Ihe5e fin8naal statements. 17
WIRRAL YOUTH ZONE TIA THE HIVE CHARITY STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Cash flows from operating activitles Cash lab50rbed by}Igeneraled from oper81ions 25 {31,9131 130,8 Net cash in investing aetivlties Net cash used in financing activities Net l(Jecreasellincrtase in cash and cash equivalents 131.913} 130,863 Cash and Cash equivalents al beginning of year 556.086 425,223 Cash and eash equivalents at end of year 524.173 556,086 The notes on page5 19 10 33 form part oflhese financial sialements. 18-
WIRRAL YOUTH ZONE TIA THE HIVE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies Charity information Wirral Youth Zone is a private company limited by guarantee incotporated in England and Wales. The rggistered office is Wirral Youlh Zone. Bright Street, Birkenhead, Wirral, Merseyside. CH414EA. 1.1 Accounting convention The financial slalements have been wepared in accordan wilh the charity$ tgovtrmin9 d¢)cumentl, the Companies Act 2(X)6. FRS 102 The Finanoal Repor'n9 StandaTd applicablo in the UK and Republic ol Ireland" fFRS 102.1 and the Charities SORP "Accounting and Reporting by Charities.. Slatement ol Recommended Practice applicable to charities Preparing their accounts in accordance with the Financial Reportuig stsrard appIable in the UK and Republic of Iretand {FRS 1021. {effecbve 1 January 20191. The charity IS 8 Public Benefft Entily as defined by FRS 102. The financial ststemenis are prepared in stÈrfing. which is the functional Curren c)f the charity. Munetary amounts in these financial staternents arè rounded to the nearest £. The fina)cial statements have been prepared under ihe historical Vents"On. The prinupal accounting policies adopted are set out bek)w. 1.2 Going concem At the time of appioving the accounts, the trustees have a reasonable expectation that Ihe charity has adequate Te50urces to continue in operalional existence fot the foie5eeable future_ Thus. the Iruslees continue to adopt thé going concem baws of accounting in PTeparing Ihe accounts. The charity shows a suiplus al operational level (before depre(xation of the restrKted assell foi 2023-24 and has a strong budget for 2024-25 sh(wing an expected opeiational surpkns Cpf £3k and the budget figures for 2025-26 to the end of September lone yeat from the date of signing the attountsl shows an expeded operational surplus of £4k {£8k forthe lull yearl. The chaTlty has new management and a new finan(ial team. which aTe working on improving the financial infomabon to aid decisK)n making in the tharity. The finanaal situab.on is supeNised overall by the Finance Committee. reviewing accourts regulady and discussing with the senior team. After caieful analysis of the Charity's income, expendilure. unrestricled iesetves, and fo($[$ the Trustees are confident in the Charity's ability to continue as a going conr£rn. The Trustees do not have any material uncertainties about the Charity's abilrty lo continue as a going concem for a timescak of at least 12 months from the date of signing of thé Tnjstees, Rep)rt 1.3 Charitable fvnds Unrestricted funds are available for use 81 the discretion of the trusEees in furtheran of their charitable objectives. Resillcted funds a subject to spifiC condrtioDs by donors or grantors as to how Ihey may be used. The purposes and uses olthe restricted funds are sel out in the notes lo the ffinatKi81 st3tementS. Endowment funds are subject to specafic conditions by dorts that the capital must be maintained by the charity. 1.4 Income Income is recognised when the charity is Ially enh.tled lo il after any perforrnance ¢ondition5 have been met, the amounts ¢an be measured reliably. and rt is probable ihal ino)me will be received. 19-
WIRRAL YOUTH ZONE TIA THE HIVE NOTES TO THE FINANCIAL STATEMEKfs (CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (Continuedl Cash donations 8Te recognised on rp1. Other donations are recognised once the charity ha5 bèèn notified ol the donation. unless performan condiliMs require deferral of the amount. Income lax recoverable in relalion to donations received under Gift Aid orikeds of co¥enanl is recognised at the tim¢ ol the dtsnan. Legaaes are recognised on receipt or oiher4¥ise if the tharity has been notified of an impending distribution. the amount is known. and reIpt is expecled. 11 the amount is not known. the legacy is treated as a contingent asset. Local government gtanls ate recognised on receipt. Income from trading adNilies, includes incornè frtrm trading activieS lo raise fvnds for the tharity- In¢ome is iecognised when eamed and the thaTity is entitled to the receipl. 1.$ Expenditure Expenditure is recognised onr* therè is a lega] w constru¢ai¥e obligation lo trdnsfer economic benefit to third party, it is probable that a transfer of e¢onomic benefits wll be required in settlement. 8nd the amount of the obligation can be measured relia14y. Expenditure is clas&fied by adNity. The costs of eath 8cbvity are made up of the lotsl of direct costs and sharèd costs, induding support costs involved in undertaking eath activity. Dired CCTrSts attributable to a single activity are allocated direclly to that actNity. Shared costs whith contribute to n)ore than one activity and support costs whiEh are not attributable to a single actiW arè apportioned beiween those activities on a basis cons15tent with the use of reSoUrs. Central staff GOSts are alk>¢aled on the basis of time spent, and deprerialiorb charges are allocated on the portion ol the assel's use. Raising funds tndudes all expenditure incurreil by Ihe tharrty to raise funds for its chariiable purposes and incdeS costs of all fundiaising actIvie5. events and norKhatitable acltvities. SupFxJrt costs are those that that assist the WO of the chaiity but are not diredly attributable to the chariiable activities. Support cosls include office cosls, adminislrative payrotl costs and govemance cost$ which support the charily's activitEs. W)ere the support costs nn0t be 8tlributable lo a direct actiwly Ih¢y have beon allocated to the costs of raising funds and chartlable actwibes on a pro-rata basis. Govemance cnsts represenl r£)Sts assoriated with mÈÈting the conslituti(x)al and statutory requirements ol the charity and include the audiE fees and costs linked to the strategic management of the charity. 1.6 Tangible fixed assèts Tangible fixed assets are initially measured at cost and subwuentty rneasureil 8t ¢osl or valuab"tsn. net ol depreoalion and any tmpaiment losses. Depreclatlon is recognised so as to write off the cost or vatiOn of assets 5$ their residual values over their Useful lives on the followtng ba5e5- Leasehold land and 1]ding3 Plant and equipment Fixtures and fiitings Computers 2¥0 Straight line 33Yo Straight line 25Yo reduTrng balance 33¥v siraight line The gain or loss aring on Ihe disposal of an assel is delermtned as the drfferen been the sale proceeds and the Eairying value of the assel. and is recognised in the 5taternent of financial actsvilies_ -20-
WIRRAL YOUTH ZONE TIA THE HIVE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 hlARCH 2024 Accounting policies (Continued) 1.7 Impaim)•nt ol fixad ass•ts At each reporting end date, the charity reVw$ th8 CArrying amounts of its tangible assets to deterrnine whether there is any rndtcation that those assets have suffered an imp8irmenl 10$5. If any such Indication exists: the rewverable amount ol the asset is esb"mated in order to determine the extent of Iho impairment loss lif any). 1.8 Stocks StoGks are staled at the lower of cost ènd estimated sdling pri lèss cDsts lo complete and sell. C05t rx)mpri5es direct materials and, vA)ere applicab, direci bOur costs and those overt)eads that have been incurred in bringing the stc*ks to their present locatH)n and condition. Ilems held for distribution al no or nominal consideratH?n are measured the lower of P1ment cost and cost. Net iealisable value 15 the estimated selling piice tess all estimated costs of coMpletn and cosls to be incurred in marketing. selling 2nd distritxJtK)n. 1.9 Cash and cash equlvalents Cash and cash eqvivalenls include 5h in hand. deposits held 31 ¢all with banks, other short-lem liquid investments with original maturities ol three months or le55. and bank overdiafts. Bank overdrafts are shown within borwngs in current liabilities. 1.10 Flnanclal instruments The charity has elected to 8pply the provisiDn5 of Sedion 11 'Basic FinarKial Instruments. and Section 12 'Other Finanaal Inslruments15sues' of FRS 102 to all ol Its finanaal instruments. Financial instruments are Co9n1sed in the charilys balan sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset. with the nel amounts pre5wled in the finaal statements. when there is a legally enforceable Tight lo sel off the iecognised amounts and ther8 3n intention to séttle on a nèt basis or to reali5e the asset aThJ settle the liabilty simultanÈ8ly. Basic financialassets Basic financial assets. whith indude debtors and cash and bank balawes. are initially measured at Iransaction pricè including transaction costs and are subsequently carried at amortised cost using the effective inteiesl method unless the arrangement conslitules a finanryng transaciion. where the transaction is mea5uied al the present vslue of the fijlure receipts discounted at a market rate of interest. Finanaal asse15 classified as Ceivable within one year are not n0"sed. Basic financial liabilities Basic finanoal liabilities, including creditors and bank loans are initially recogni5ed at tl8ns8CtiorTr price unl8ss the arrangement constitutes a financin9 transaciion. Whe the debt instrument is measured at the pSent value of the ftrture payments disrDunted at a market rate of interest. Finanual liabilibes dassrfied as payable within one year are not amorknsed_ Debt instruments are subsequentty carried al amortised cost. using the effectNe interest rale method. Tiade Crt0$ a obligations to pay for goods or services thal have been acquired in thÈ ordinary course of operations suppliers. Amoltnts Payab are classified as current liatslibes if payment 18 due within one yèar or less. If not. they are presented as nonvcurrenl liabilities. Trade creditors are regnISed initially at transaction price and subsequenlly niea5ured al amortised c05t U9 the efiective interest method. Derecognition olfinancialliabfflities Financial li8bilities are derecognised when the thawivs contractual obligab.ons expire 01 are discharged or cancelled. 21
WIRRAL YOUTH ZONE TIA THE HIVE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JWARCH 2024 A¢¢ounting policies (Continuedl 1.11 Employee benefits The wst ol any unused hotsday entitlement is recognised in Ihe pervxl in whith the employee's servicÉs are receiveil. Termination benefits are recogni5ed immediatety as an expens8 when the charity is demonstrably committed IcTr terminale the employment of an employee or lo provide tetrnination benefrts. 1.12 Retirement benèfrts Payments lo deftned contributKJn retsment benefit schemes are thaig8d as an expense as they fall due. Critlcal accounting e$timates and judgements In the application of the charity's accounting policies. the twslees are requiied to make judgements, estirnales ond assumplions about the carrying amount of assets and babilibes Ihal are not readily apparent from other sources. The eslimales and as50uated assumptions are based on histOriGqI 8xperience and other factors that are considered to be relevant. Actual results may differ fiom these e5tirnates. The estimates and undedying assumptions are reviewed on an ongoing basis. Revisions loi ¥c¢ounling e5timalES are recognised in the period in which the estimate is vISed where the revision affects only that period. or in the period of the revision and future periods vthere Ihe revisKJn affeds L¥>th eurrent and (uiurè periods. Income from donations and legacies Unrestrfcted Restricted funds lunds 2024 ?024 Totrl Unrèstrictèd Restricted funds funds 2023 2023 Total 2024 2023 Donations and gifts GÉnèral donations and founder patrons 451.999 314.167 766,166 491.670 327.591 819,261 478.701 478.701 459.614 459,614 930.700 314.167 1,244.867 951.284 327.591 1.278,875 Grants receivable for core activities Wirral Borough Council 2(XJ,000 Olher 278,701 21K).000 278,701 195.1)00 264.614 195,OOCt 264,614 478,701 478,701 459.614 459,614
WIRRAL YOUTH ZONE TIA THE HIVE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from charftable activities Unrestricted funds 2024 Unrestricted funds 2023 Charitsble A¢tivity Membership and entry fees Catering income Facility hire income SS,102 59,464 62,475 2,412 163.190 177.041 Income from other tradTng activitiès Unrestricted Unrestricted funds funds 2024 2023 Fundraising events 4.768 126.927 Other income Unrestricted UnTestri¢led funds funds 2024 2023 Other income Gift aid Interest reNe 5,554 30,0 7,135 3,183 35,667 339 42,689 39,189 Expenditure on raising fvnds Unrestricted Unrestricted funds funds 2024 2023 Fundraising at)d publi¢ity Fundraising support Staff costs 30.750 89.761 99,222 12Q,511 99,222 -23-
WIRRAL YOUTH ZONE TIA THE HIVE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Expenditure charitable aetivities Charity Trading Co 2024 2024 Total 2024 Charity Trading Co 2023 2023 Total 2023 Direct costs Slaft costs Depreciation and impairment Advertising Purchases 397.717 397.717 594,124 594,124 116.655 19,245 3.678 116.655 19.245 e6.056 119,3 38,376 11.750 119,633 38,376 82.179 62.378 70,429 537.295 62.378 599.673 763.883 70,429 834,312 Share ofsupport and goveman¢e costs {see note 9) Support T16.473 592 Governar 27,414 6.285 777.065 33,699 657.200 40,445 1.029 5.440 658,229 45.885 1,341.182 69.255 1.410.437 1.461.528 76,898 1,538,426 Analysis by fund Unrestricted funds Restricted funds 925,671 415.511 69,255 994.926 415.511 1,018,650 442,878 76,898 1.095.548 442,878 1.341.182 69,255 1.410,437 1.461,528 76.898 1,538.426 Support costs allocated to activities 2024 2023 Staff costs Insurance Light and heat Telephone Post and stationary Staff travel Session consumables Repairs and renewals Computer costs Other expenses Bank charges GovernanGe costs 374.070 25.7 79.106 14.910 4.978 1.886 139,861 70.412 20.765 43,014 2.156 33.699 262,832 24,697 115,123 14,584 7,728 3,531 93,438 53,166 28,880 51,537 2,713 45,885 810.764 704,114 Analysed between: Charity Trading Co 803.887 6,877 697,645 6,469 810.764 704,114 -24-
WIRRAL YOUTH ZONE TIA THE HIVE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support costs allocated to activitie5 (Continyedl 2024 2023 Governance costs comprise: Audrt fees Accountancy Legal and professti)nal 11,505 3,660 18,$34 9.140 2.500 34.245 .699 45.885 10 Net movement In funds 2024 2023 The nel movement in funds is slated after chaTginlCdlLlng)'. Fees payable to the 9roup's audttor_ - for the audit of the group's financial statements - for other finanGial Services Depreciation of owned lang11e fixed as5els 7,860 3,82Q 116,655 9.140 2.500 119.633 11 Trustèès None of the truslees lor any person5 connected WI them) receNed any remuneration or benefils from the charity durin9 the year. 12 Employee¥ The average rnonthly number of employees during the year was.. 2024 Number 2023 Numbar 63 Employment Costs 2024 2023 Wages and salari8S Social se¢urity ctrsls other pension costs 794,81J4 50.145 16.599 879.172 58,072 18,934 861,548 956,178 There were no employee5 whose annual remunerats.on was Tnore than £60,OtKJ. -25-
WIRRAL YOUTH ZONE TIA THE HIVE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 12 Employ88s Iconlinuèdl Remun8ration of key mana9ement pèrsonnel The remuneration of key management personnel was as follows- 2024 2023 A9gregate compensalion 171,867 147,694 Key management personnel are deemed lo LE members of the senior managemenl team, which consists of the Chief Executive, Head of Youth. Head of Fundraising. Head of Busines5 15tarted in year) and Head of Comms Istsrted in year) 13 Taxation The d)arty is exempl from taxation on its activi1$ because all its income is applied lor charitable PLJrposes. 14 Tangibl• fixed assets- Group and Charity Leasehold land and bundlngs ptanl and FIAtur8¥ ¥nd equipment Cornputer5 Total Cost Al 1 April 2023 5.270,388 100.409 156,458 79.168 S,6(,423 At 31 hAarch 2024 5.270,388 1rMI.409 156.458 79,168 5,606.423 Depreciation and impairment At 1 April 2023 Depreciat*)n tharged in the year 625.925 105.324 1.409 123.172 8.244 76.081 3,087 925,587 116.655 At 31 March 2024 731.249 100.4%19 131.416 79.168 1,042,242 Carrying amount At 31 March 2024 4.539.139 25,042 4.564.181 At 31 March 2023 4.644.463 33.286 3.087 4.680.836 15 Stk$-GrouP 2024 2023 Raw materials and consumables 2.X16 2.759 -26-
WIRRAL YOUTH ZONE TIA THE HIVE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 16 Dèbtots Group Amounts falling due within one year. 2024 2023 Trade debtors Other debtors Prepayments and accrued irKorne 54,103 4.395 83,180 28,028 46,307 141,678 72,335 2024 2023 Amounts falling duè after more than on• year. Deferred tax asset 64 64 Totsl debtors 141.742 72,399 DebtOT5 Charity Amounts fallin9 due within one year. 2024 2023 Tiade debtors Amoun15 owed by subsidiary undertang$ other debtors Prepaymen15 and accrued income 50.755 6,599 4,395 85,806 19,809 49,623 147.555 e9,432 17 Creditot¥= amounts fallin9 due wthin one year Group 2024 2023 Notes Bank overdrafts Oth* laxation and so¢ial securty Deferred income Trade Cfeditors Other creditws Accruals 8nd dèfèrrèd incomè 1,958 19,931 97,621 35,837 22,106 54,560 15,525 122,451 16.504 32,241 48.735 18 235.456 232,013
WIRRAL YOUTH ZONE TIA THE HIVE NOTES TO THE FINANCIAL STATEMEfrrrs (CONTINUED} FOR THE YEAR ENDED 31 MARCH 2024 17 CreditOT5'. amounts falllng due wthin one year IContinu8dl Creditors: amounts falling due ¥1 one year Charfty 2024 2023 Notes Bank overdrafts Olhertaxation and social security Deferred income Trade creditors Amounts owed 19 subsidiary undertakings othér ueditors Auxuals and deferred income 14.820 122,451 9,029 18,841 97.621 31.384 4,682 22,1Q 51,645 18 30,614 52,335 229.249 224,259 18 Deferred Income- Group and Charity 2024 2023 Other deferred income 122.451 97.621 Defeed inwme is induded in the financial staleff*nts as follows: 2024 2023 Delerred income is included swthin." Current l¢abilities 122,451 97,621 hrtovetnents in the year.. Deferred Incon al 1 April 2023 Released from previous periods Resour$ deferred in the year 97,621 (97,6211 122.451 88.394 186.394) 97.621 Deferred income al 31 M8rch 2024 122,451 97,621 19 Retirement bènèfit schemes 2024 2023 Defined contrtbution schemes Charge to profrt or loss in resped of defined contribulton sthemes 16,599 18,934 The Gh81ity operates a defined contribution pension scheme for all qualifying employees. The assets tsf the scheme ara held séparatety from Ihose of the tharity in an independenlly administered fund. -28-
WIRRAL YOUTH ZONE TIA THE HIVE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 10 R•strict•d funds- Group and Charity The restricted funds of Ihe charity comwise thè unexpended balances of donations and grants held on trust subject lo sperific conditK¥ns by donors as to how thèy may be used. At 1 April 2023 Incoming resources Re50urce5 expended Transfers At 31 March 2024 Capital National Lottery Ftball Foundation Boxing Spring HAF Cradle lo Career WBC Household Support One Wirral- Digital Indusiex) Arts & Enterprise Fund Kitchen Fil Out HAF Summer FLJnd Summer HAF +13 Household Fund Gaming Fund l Milln Hours HAF Christmas Sports England Winter Holiday Hunger Grant- Onside Winter 23 Househokl Fund Easter HAF NHS C8dets Onside Foundation Johrh Lewis Burberry 4.680.842 {116,655} {114.762} {1.323) 1213) {201 130.5421 {201 11.6491 (4691 (45,0001 111.5071 17201 {10.3711 {4,6961 {2,0301 ,5161 4,564,187 114.762 1.323 213 20 16.682 30.685 20 1.649 16.825 45.000 11.507 720 10.371 9,6SS 2.030 11.274 4.959 3,758 12.964 15.988 I12.) 115.9881 14.0601 15.0001 113.78n 16.2191 {10.OWI 13,787 14.S95 10.(xJ) 8,476 4,699,549 314.167 1415,5111 4.598.205 -29-
WIRRAL YOUTH ZONE TIA THE HIVE NOTES TO THE FINANCIAL STATEMENTS {COTrtfiNUED) FOR THE YEAR ENDED 31 MARCH 2024 20 Re$tri¢ted funds- Group and Charity Icontinuedl Previous year. At 1 April 2022 Incoming Resources expended Transfers At 31 March 2023 Capital Football FoundalicTrn Toytsta Parasport Lottery Fund Thomas Kirkham FOundatn Magenta- Outread) Merseyside VRP National Lottery Culture of Health Orsted Gerald Micklerll Charitable Trust Nationa Lottery- Together for I Planel Sprbng HAF Cradle to Carer Sport England Bally Thomas Duchy of Lancaster DWF Eleanor Rathbone Charitable Steel Rainfofd Trust Souter Fund WBC Household Support One Wirral Digilal Indusitsn HAF Summer 2022 Youth Diversion Fund Arts & Enterprise Fund Halloween 8oxing HAF Winter Fund Onside Hunger Grant WBC ]Mnter Grant Summer HAF 2023 Medicash 4.8.475 {119.633) 4,680,842 1,323 5.616 211 1.043 1.836 2.412 16,659) 12,047) 13,2081 16,4151 197.6631 {11.13n {10,4491 6.415 97.863 11,137 10.449 12.8461 6.871 (6.8711 19781 151.036} {5.668} {4.74S) {3,9001 {1.000} {4.436) 110.344) {1.018) 1400) 110.474} 110.685) 110,0341 1283) 15.531) (2.000) {1.749) {1,312) 127.464) 113,939) {1.3451 {7.608} 22 16,682 67.718 5.874 4.746 3.900 1.000 4.436 10.344 812 400 10.474 10.685 10.034 283 12061 206 469 211 1.312 27.464 13.939 1.345 7.608 4,814,836 327,591 {442.878) 4,699,549
WIRRAL YOUTH ZONE TIA THE HIVE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARGH 2024 21 Unrestricted funds- Group The unrestricted furhds of the tharily comprise the unexpended balances of donations and grants which are not subject to speofic ccffidittons by donors and grantors as to how they rnay be used. These indude designated funds which have been sel aside out of unrestricted fltnds by the trustees for specific purposes. At 1 April 2023 Incoming re¥ources Resources At 31 March expended 2024 General funds 382.074 1.141.347 11.115.437) 407,984 Previous year- At 1 April 2022 Incoming r•sources Resources At 31 March expended 2023 General ftjnds 282,403 1,294.441 {1.194,7701 382,074 Unrestricted funds - Charity At 1 April 2023 Incoming ources Resource$ At 31 March expeTuled 2024 General fvnds 382.547 1.075.965 {1.050,057) 408,455 Previous year.. At 1 April 2022 Incoming r•sources Rescurces At 31 March expended 2023 General funds 282,876 1.234.977 11,135.3061 382,547 22 Analysis of net assets bètween funds- Group UnrÈstrietèd funits 2024 Rèstrictèd funds 2024 Totsl 2024 At 31 March 2024= Tangible a55ets Currelll asse1510iabilitie5) 4.564.181 34,024 4,564,181 442,008 407.984 407.984 4,598.205 5,()06,189 31
WIRRAL YOUTH ZONE TIA THE HIVE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 22 Analysis of net assets between funds- Group (Continued) Unresthcted funds 2023 R8strlet•d fund$ 2023 Total 2023 At 31 March 2023- Tangible assets Current assetsloiabilitiesl 4.680,836 18.713 4.fj80.836 400,787 382.074 382.074 4.699.549 5,081.623 Analysis of n•t assets between hJnds- Charity Unrestricted funds Restricted funds Total 2024 2024 2024 At 31 March 2024: Tangible assets Current a$5etsllliabilitiesl 4,564,187 34.019 4,564,187 442,474 408.455 408.455 4.598,206 5,J(K,661 Unrestricted funds Restricted funds Total 2023 2023 2023 At 31 March 2023- Tangible assets Current assètsloiabifities) 4,680,836 18,713 4,680,836 401.260 382,547 382.547 4.899.549 5.082,09S -32-
WIRRAL YOUTH ZONE TIA THE HIVE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 23 Related party transaction8 Transactions related parties During Ihe year the charity entered irrto the followtng tran5aclions with relaled p8ttie8.' During the year the charity recen donations which in totsl amounled to £50,000 12023 - £25,7891 from Various trustees of the charity, their 8$50ty8ted foUndab.S or from companies in which they have significanl control. 24 Cash generated from opèrdtl¢)ns 2024 2023 Deficit for the year 175.4341 {15,6161 Adjuslmenls for.. Deweciation and impairment of langible fixe(J assets 116,655 119,633 Movements in wtrrking capiial.. Decreasellincreasel in stocks Ilnereasel in debtors (Decreaseifincrease in ueditors Increase in delerted income 253 {69.3431 {19.429} 24.830 18691 16831 6,251 11,227 Cash (absorbéd byllgèntrat•d from operations (22.468} 119.943 Cash generated from operations 2024 2023 Deficit for the year 175.435) (1S.6161 Adjustments for. Depreaation and impairment ol tangible fjxed assets 116,&55 119.633 lovements in working capit81-. {Increaseydecrease in debtors IDeueasellincrease in creditor In¢xease in defeired income 178.123) 119.840) 24,830 10.550 5.069 11.227 Cash labsorf)ed byllgenerated from operations 131,913) 130,863 26 Analysis of chan9es in nèt funds The charrty had rK> material debt during the year.