2021-03-31-accounts - Chorley Youth Zone

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		Page
Reference and Administrative Details
Report ofthe Trustees	2	to	11
Report ofthe Independent Auditors	12	to	15
Statement of Financial Activities		16
Balance Sheet		17
Cash Flow Statement		18
Notes to the Cash Flow Statement		19
Notes to the Financial Statements	20	to	28
Detailed Statement of Financial Activities	29	Io	30

REGISTERED	OFFICE	Inspire Youth Zone
		Chapel Street
		Chorley
		Lancashire
		United Kingdom
		PR7 1BS
REGISTERED	COMPANY	09972518(England	and	Wales)
NUMBER
REGISTERED	CHARITY	1167309
NUMBER
AUDITORS		McMillan &Co LLP
		Chartered Accountants		and
		Statutory Auditor
		28 Eaton Avenue
		Matrix Office Park
		Buckshaw Village
		Chorley
		Lancashire
		PR7 7NA
BANKERS		Handelsbanken
		Winkley Chambers
		30Winkley Square
		Preston
		PR1 3JJ

Directors and Trustees	Directors and Trustees	Directors and Trustees
The Directors and Trustees ofthe Charity who served			during	the period are:
James Carter
Gwynne Furlong
Andrew Turner
Matthew Currie
Stacey Turner	Resigned	2 December 2020
Stephen Hitchen	Resigned	2 December 2020
David Barton
Neale Graham
Christopher Sinnott
Heather Aust	Appointed	10February 2021
Anthony Garner	Appointed	10February 2021

							2021	2020
					Unrestricted	Restricted	Total	Total
				Notes	fund f	fund f	funds f	fundsf
INCOME AND ENDOWMENTS			FROM
Donations and legacies				2	835,914	386,770	1,222,684	945,697
Charitable activities
Youth Zone activities					5,409		5,409	59,085
Catering income Facilities hire					2,271 24,800		2,271 24,800	48,415 36,903
Other trading activities Investment income				3 4	90,590 718	7	90,590 725	53,097 544
Other income					174,576		174,576	30,152
Total					1,134,278	386,777	1,521,055	1,173,893
EXPENDITURE ON
Raising funds				6	3,860		3,860	12,195
Charitable activities
Youth Zone activities					543,511	514,749	1,058,260	1,044,075
Total					547,371	514,749	1,062,120	1,056,270
NET INCOME/(EXPENDI		rURE)			586,907	(127,972)	458,935	117,623
RECONCILIATION OF FUNDS
Total funds brought	forward				326,707	4,644,014	4,970,721	4,853,098
TOTAL FUNDS CARRIED FORWARD					913,614	4516,942	5429,956	4,979,721

Balance Sheet 31 March 2021
					2021	2020
			Unrestricted	Restricted	Total	Total
			fund	fund	funds	funds
		Notes	F	F	6	5
FIXEDASSETS
Tangible assets		13		4,514,115	4,514,115	4,621,020
CURRENT ASSETS
Stocks		14	2,094		2,094	1,750
Debtors		15	35,305		35,305	67,945
Cash at bank and	in hand		1,135,346	1,927	1,137,273	390,956
			1,172,745	1,927	1,174,672	460,651
CREDITORS
Amounts falling due within one year		16	(259,131)		(259,131)	(110,950)
NET CURRENT ASSETS			913,614	1 927	915,541	349,701
TOTAL ASSETS	LESSCURRENT
LIABILITIES			913,614	4,516,042	5,429,656	4,970,721
NET ASSETS			913614	4,516,042	5,429,656	4,970,721
FUNDS		17
Unrestricted funds					913,614	326,707
Restricted funds					4,516,042	4,644,014
TOTAL FUNDS					5,429,656	4,970,721

Cash Flow Statement for the year ended 31 March 2021
	2021	2020
Notes
Cash flows from operating activities Cash generated from operations 1	766,776	208,425
Net cash provided by operating activities	766,776	208,425
Cash flows from investing activities Purchase oftangible fixed assets	(21,774)	(173,715)
Sale oftangible fixed assets Interest received	590 725	544
Net cash used in investing activities	~29,459)	~77377)),
Change in cash and cash equivalents in the reporting period	746,317	35,254
Cash and cash equivalents at the beginning ofthe reporting period	390,956	355,702
Cash and cash equivalents at the end ofthe reporting period	1,137,273	390,956

year ended 31 M	ar	ch 2021	ch 2021	ch 2021	ch 2021
RECONCILIA'TION		OF NET INCOME To NET CASH FLOW				FROM OPERATING ACTIVITIES
							2021	2020
							E	k
Net income for the reporting Financial Activities)				period (as per the	Statement	of	458,935	117,623
Adjustments for: Depreciation charges Interest received							128,089 (725)	116,798 (544)
(Increase)/decrease		in stocks					(344)	437
Decrease/(increase) Increase in creditors		in debtors					32,640 148 181	(37,916) 12,027
Net cash provided		by operations					766,776	208,425
ANALYSIS OF CHANGES			IN	NET FUNDS
					At 1/4/20		Cash flow	At 31/3/21
						E		6
Net cash
Cash at bank and	in	hand				390,956	746,317	1,137,273
						390,956	746,317	1,137,273
Total						390,956	746,317	1,137,273

						2021 f	2020 f
Donations						1 222,684	945,697
Donations
			Unrestricted	Restricted		Total	Total
			2021 f	2021 f		2021 f	2020 f
Donations	through	OnSide
Foundation							145,000
Chorley Council			100,000			100,000	100,000
Founder Patrons			272,829			272,829	368,406
Grants and	trusts		416,672	386,070		802,742	130,697
Others			46,413		700	47,113	190,449
Gift Aid							10,945
			835,914	386,770		1,222,684	945,697

3.	OTHER TRADING ACTIVITIES
		2021 f	2020 f
	Fundraising events		16,677
	Other fundraising	90,590	36,420
		90,590	53,097
4.	INVESTMENT INCOME
		2021 f	2020 f
	Deposit account interest	725	544

for t	he year en	ded 31 March 2021	ded 31 March 2021	ded 31 March 2021	ded 31 March 2021
5.	INCOME	FROM CHARITABLE ACTIVITIES
							2021	2020
					Activity		6
	Young people Catering income Facilities hire				Youth Zone activities Catering income Facilities hire		5,409 2,271 24,800	59,085 48,415 36,903
							32,480	144,403
6.	RAISING	FUNDS
	Raising	donations	and	legacies
							2021	2020
							8	5
	Fundraising costs						3,860	12,195
7.	CHARITABLE ACTIVITIES				COSTS
							Support
						Direct	costs (see
						Costs	note 8)	Totals
							6	E
	Youth Zone activities					1,050,471	7,789	1,058,260
8.	SUPPORT COSTS
							Governance
						Finance	costs	Totals
						E	E	5
	Youth Zone activities					1,459	6,330	7,789
9.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)			is	stated after charging/(crediting):
							2021	2020
								E
	Auditors'	remuneration					6,330	6,360
	Depreciation - owned assets						128,089	116,799

year ended 31 Marc	h 2021
STAFF COSTS
				2021 E	2020 f
Wages and salaries Social security costs Other pension costs				607,703 30,797 9,828	625,205 29,718 8,535
				648,328	663,458
The average monthly	number	of employees	during the year was as follows:
				2021	2020
Staff				81	78

Office and Administration manager, Youth Work Manager, Head of Fund Training manager, was 6198,200, an increase of the previous year due filled (2020:6159,095).	Office and Administration manager, Youth Work Manager, Head of Fund Training manager, was 6198,200, an increase of the previous year due filled (2020:6159,095).	Office and Administration manager, Youth Work Manager, Head of Fund Training manager, was 6198,200, an increase of the previous year due filled (2020:6159,095).	raising and V to the vacant	olunteer and position now
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
		Unrestricted	Restricted	Total
		fund	fund	funds
		F	E	6
INCOME AND ENDOWMENTS		FROM
Donations and legacies		780,777	164,920	945,697
Charitable activities
Youth Zone activities		59,085		59,085
Catering income Facilities hire		48,415 36,903		48,415 36,903
Other trading activities Investment income		53,097 471	73	53,097 544
Other income		30,152		30,152
Total		1,008,900	164,993	1,173,893
EXPENDITURE ON
Raising funds		12,195		12,195
Charitable activities
Youth Zone activities		918,166	125,909	1,044,075
Total		930,361	125,909	1,056,270
NET INCOME		78,539	39,084	117,623
RECONCILIATION OF FUNDS
Total funds brought	forward	248,168	4,604,930	4,853,098

for th	e year ended 31 March	2021
12.	COMPARATIVES FOR	THE	STATEMENT OF FINANCIAL ACTIVITIES -continued
					Unrestricted	Restricted	Total
					fund f	fund f	funds f
	TOTAL FUNDS CARRIED FORWARD				326,707	4,644,014	4,970,721
13.	TANGIBLE FIXEDASSETS
					Fixtures
			Long	Plant and	and	Computer
			leasehold	machinery f	fittings	equipment f.	Totals f.
	COST
	At 1 April 2020 Additions Disposals		4,725,580	10,486	104,377 18,944 ~2,300)	10,801 2,830	4,851,244 21,774 ~2,300)
	At 31 March 2021		4,725,580	10,486	120,961	13,631	4,870,658
	DEPRECIATION
	At 1 April 2020 Charge for year Eliminated on disposal		175,966 94,512	2,074 1,916	45,808 27,825 ~7,770)	6,376 3,836	230,224 128,089 ~7,770)
	At 31 March 2021		2)D,470	3 990	71,863	10,212	356,543
	NET BOOK VALUE
	At 31 March 2021		4,455,102	6,496	49,098	3,419	4,514,115
	At 31 March 2020		4,549,614	8,412	58,569	4,425	4,621,020
14.	STOCKS
						2021 f	2020 f.
	Stocks					2,094	1,750
15.	DEBTORS: AMOUN'TS	FALLING DUE WITHIN ONE YEAR
						2021 f	2020 f
	Trade debtors					10,341	53,794
	Other debtors					2,836	6,109
	Prepayments and accrued income					22,128	8,042
						35,305	67,945

CREDITORS: AMOUN	TS FALLING DUE WITHIN O	NE YEAR
		2021	2020
			F
Trade creditors		33,689	19,461
Social security and other taxes		21,713	16,753
Other creditors		280	2,022
Staff salaries		43,925	41,438
Accruals and deferred	income	159,524	31,276
		259,131	110,950

MOVEM	EN	T	IN FU	NDS
						Net
						movement	At
					At 1/4/20	in funds	31/3/21
					6	E	E
Unrestricted			funds
General	fund				326,707	586,907	913,614
Restricted		funds
Restricted		property		fund	4,644,014	(127,972)	4,516,042
TOTAL	FUNDS				4,970,721	458,935	5,429,656

Net movement in fu	nds, included in the ab	ove are as follows:
		Incoming	Resources	Movement
		resources	expended	in funds
		E	6	E
Unrestricted funds
General fund		1,134,278	(547,371)	586,907
Restricted funds
Restricted property	fund	386,777	(514,749)	(127,972)
TOTAL FUNDS		1,021 055	~),002,220)	450,025

Comparatives for	movement in funds
			Net
			movement	At
		At 1/4/1 9	in funds F	31/3/20 f
Unrestricted funds
General fund		248,168	78,539	326,707
Restricted funds
Restricted property	fund	4,604,930	39,084	4,644,014
TOTAL FUNDS		4,853,098	117,623	4,970,721

Comparative net m	ovement in funds, inclu	ded in the above are as follow	s:
		Incoming	Resources		Movement
		resources f	expended 8		in funds L
Unrestricted funds
General fund		1,008,900	(930,361)		78,539
Restricted funds
Restricted property	fund	164,993	(125,909)		39,084
TOTAL FUNDS		1,173,893	~10562,70)	,	117,623

A current year 12 m	onths and prior year 1	2 months combined position is	as follows:
			Net
			movement	At
		At 1/4/1 9	in funds f	31/3/21 F
Unrestricted funds
General fund		248,168	665,446	913,614
Restricted funds
Restricted property	fund	4,604,930	(88,888)	4,516,042
TOTAL FUNDS		4,853,098	576,558	5,429,656

		Incoming	Resources	Movement
		resources	expended	in funds
			L'	E
Unrestricted funds
General fund		2,143,178	(1,477,732)	665,446
Restricted funds
Restricted property	fund	551,770	(640,658)	(88,888)
TOTAL FUNDS		2,694,948	2,)) 738)00576,558

for the year ended	31 March 2021
				2021	2020
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		F		6	6
INCOME AND ENDOWMENTS
Donations and legacies Donations		835,914	386,770	1,222,684	945,697
Other trading activities Fundraising events Other fundraising		90,590		99 999	16,677 36,420
		90,590		90,590	53,097
Investment income
Deposit account interest		718		725	544
Charitable activities
Young people Catering income Facilities hire		5,409 2,271 24,800		5,409 2,271 24,800	59,085 48,415 36,903
		32,480		32,480	144,403
Other income
Other income		19,737		19,737	30,152
Furlough grants		154,839		154,839
		174,576		174,576	30,152
Total incoming resources		1,134,278	386,777	1,521,055	1,173,893
EXPENDITURE
Raising donations Fundraising costs	and legacies	3,860		3,860	12,195
Charitable activities
Wages Social security Pensions		305,601 12,180 4,257	302,102 18,617 5,571	607,703 30,797 9,828	625,205 29,718 8,535
Insurance		10,872	10,499	21,371	22,833
Telephone Postage and stationery Sundries		1,449 795 857	1,412 3,533 2,079	2,861 4,328 2,936	2,417 3,202 5,107
Consultancy costs Travel costs		86	12,813	12,813 86	2,500 2,713
Training Computer costs Carried forward		362 5,519 341,978	2,989 13,812 373,427	3,351 19,331 715,405	2,717 20,925 725,872

Detailed Statement for the year ended 31	ctivities
			2021	2020
	Unrestricted	Restricted	Total	Total
	funds	funds	funds	funds
	F	6	6
Charitable activities
Brought forward Licences	341,978 5,063	373,427 2,626	715,405 7,689	725,872 849
Other staff costs	473	4,822	5,295	1,758
Legal and professional fees Marketing and advertising Recruitment and DBSchecks	3,890 1,648 51	53 1,668 2,211	3,943 3,316 2,262	4,084 2,920 2,518
Onside Network Donation	24,750		24,750	29,000
Hospitality costs Activity delivery costs Premises costs	66 101,315 8,564	1 133	66 102,448 8,564	782 60,478 45,346
Repairs and renewals Utilities	29,718 18,927		29,718 18,927	13,357 32,845
Long leasehold Plant and machinery Fixtures and fittings Computer equipment		94,512 1,916 27,824 3,836	94,512 1,916 27,824 3,836	92,147 2,074 19,520 3,058
	536,443	514,028	1,050,471	1,036,608
Supportcosts
Finance
Bank charges	1,459		1,459	1,107
Governance costs
Auditors' remuneration	5,609	721	6,330	6,360
Total resources expended	547,371	514,749	1,062,120	1,056,270
Net income/(expenditure)	586,957	~1279727	458,,935	117,623