2022-03-31-accounts - Chorley Youth Zone

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	Page	Page
Reference and Administrative Details
Report ofthe Trustees	2	to	10
Report ofthe independent Auditors	11	to	14
Statement of Financial Activities		15
Balance Sheet		16
Cash Flow Statement		17
Notes to the Cash Flow Statement		18
Notes to the Financial Statements	19	to	29
Detailed Statement of Financial Activities	30	io	31

REGISTERED	OFFICE	Inspire Youth Zone
		Chapel Street
		Chorley
		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
		1st Floor
		Chatsworth House
		Ackhurst Park
		Chorley
		PR7 1NW

for the year ended 31	March 20	22
						2022	2021
				Unrestricted	Restricted	Total	Total
			Notes	funds f	fundf	funds E	funds E
INCOME AND ENDOWMENTS Donations and legacies		FROM	3	835,320	27,127	862,447	1,222,684
Charitable activities Youth Zone activities				23,793		23,793	5,409
Catering income Facilities hire				22,398 48,943		22,398 48,943	2,271 24,800
Other trading activities Investment income Other income			4 5	54,580 911 41,875	11,880	54,580 911 53,755	90,590 725 174,576
Total				1 D27,82D	39,007	1,066,827	1,521,055
EXPENDiTURE ON Raising funds			7	3,667		3,667	3,860
Charitable activities Youth Zone activities			8	991,571	15930D	1,15D871	1,050,260
Total				995 238	159,300	1,154,538	1,062,120
Net gains/(losses) on	investments			~23,619)		~23,619)
NET INCOME/(EXPENDITURE)				8,963	(120,293)	(111,330)	458,935
Transfers between funds			19	~4,923)	4,923
Net movement in funds				4,040	(115,370)	(111,330)	458,935
RECONCILIATION OF FUNDS
Total funds brought	forward			913,614	4,516,042	5,429,656	4,970,721
TOTAL FUNDS CARRIED FORWARD				917,654	4,400,672	5,318,326	5,429,656

31 March 2022
					2022	2021
			Unrestricted	Restricted	Total	Total
		Notes	funds	fundf	fundsf	fundsf
FIXEDASSETS
Tangible assets		14		4,460,872	4,460,872	4,514,115
Investments		15	472,137		472,137
			472,137	4,460,872	4,933,009	4,514,115
CURRENT ASSETS
Stocks		16	1,722		1,722	2,094
Debtors		17	150,677		150,677	35,305
Cash at bank and	in hand		497,925		497,925	1,137,273
			650,324		650,324	1,174,672
CREDITORS
Amounts falling due within one year		18	(204,807)	(60,200)	(265,007)	(259,131)
NET CURRENT ASSETS			445,517	~552553	355,317	515,541
TOTAL ASSETS	LESSCURRENT
LIABILITIES			917,654	4,400,672	5,318,326	5,429,656
NET ASSETS			917,654	4,400,672	5,318,326	5,429,656
FUNDS		19
Unrestricted funds					917,654	913,614
Restricted funds					4,400,672	4,516,042
TOTAL FUNDS					5,318,326	5,429,656

Cash Flow Statement for the year ended 31 March 2022
		2022	2021
Notes
Cash flows from operating activities Cash generated from operations	1	~77453,)	766,776
Net cash (used in)/provided by operating	activities	~77,453)	766,776
Cash flows from investing activities Purchase oftangible fixed assets		(67,050)	(21,774)
Purchase offixed asset investments Sale of tangible fixed assets Interest received		(495,756) 911	590 725
Net cash used in investing activities		~551,395)	~29,459)
Change in cash and cash equivalents in the reporting period		(639,348)	746,317
Cash and cash equivalents at the beginning ofthe reporting period		1,137,273	390,956
Cash and cash equivalents at the end ofthe reporting period		497,925	1 137273

RECONCILIATION ACTIVITIES	OF NET	(EXPENDITURE	)/INCOME TO NET CA	SH FLOW FROM O	PERATING
				2022f	2021f
Net (expenditure)/Income		for the reporting	period (as per the
Statement of Financial Activities)				(111,330)	458,935
Adjustments for:
Depreciation charges				120,293	128,089
Losses on investments				23,619
Interest received				(911)	(725)
Decrease/(increase)	in stocks			372	(344)
(Increase)/decrease	in debtors			(115,372)	32,640
Increase in creditors				5,876	148,181
Net cash (used in)/provided		by operations		~77,4537	766,776

ANALYSIS OF C	HANGES IN NET FUND	S
		At 1/4/21	Cash flow	At 31/3/22
		F		f
Net cash
Cash at bank and	in hand	1,137,273	~636348	497,925
		1,137,273	~639,348	497,925
Total		1,137,273	~639,348	497925,

Long leasehold	Over the term of	the lease
Plant and machinery	25% on reducing	balance
Fixtures and fittings	33%on cost and	25% on reducing	balance
Motor vehicles	25% on reducing	balance
Computer equipment	33%on cost

3.	DONAT	IONS AND LEGACIES
					2022	2021
			Unrestricted	Restricted	Total	Total
			fundsf	fundsf	funds F	funds E
	Donations		835,320	27,127	862,447	1,222,684
	Donations				2022	2021
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
			E	f	f
	Chorley	Council	100,000		100,000	100,000
	Founder	Patrons	199,300		199,300	272,829
	Grants	and trusts	387,474		387,474	802,742
	Others		148,493	27,127	175,620	47,113
	Gift Aid		53		53
			835,320	27,127	862,447	1,222,684
4.	OTHER TRADING ACTIVITIES
					2022	2021
			Unrestricted	Restricted	Total	Total
			funds	fundsf	funds E	funds E
	Other fundraising		54,580		54,580	90,590
5.	INVESTMENT INCOME
					2022	2021
			Unrestricted	Restricted	Total	Total
			fundsf	fundsf	funds F	funds 6
	Deposit	account interest	911		911	725

INCOME	FROM CH	ARITABLE ACTI	VITIES
		Activity			2022f	2021
Young people		Youth Zone activities			23,793	5,409
Catering	income	Catering	income		22,398	2,271
Facilities	hire	Facilities	hire		~48 943	24,800
					95,134	32,480
RAISING	FUNDS
Raising	donations	and legacies
					2022	2021
			Unrestricted	Restricted	Total	Total
			fundsf	funds	funds	fundsf
Fundraising costs			3,667		3,667	3,860
CHARITABLE ACTIVITIES COSTS
					Support
				Direct	costs (see
				Costsf	note 9)f	Totalsf
Youth Zone activities				1,142 161	8,710	1,150,871

9.	All charitable the charity. SUPPORT	activity cos COSTS	ts relate to the operation of Inspire.	This is cons	idered to be the	only activity
					Governance
				Financef	costsf	Totalsf
	Youth Zone	activities		~2710	6,000	8,710
10.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)		is stated after charging/(crediting):
					2022f	2021f
	Auditors' remuneration				6,000	6,330
	Depreciation	- owned assets			120,293	128,089
	Investment	broker fees			4,244

There were no trustees' expenses paid for the 31 March 2021.	year ended 31 March 2022 nor for th	e year ende
STAFF COSTS
	2022	2021f
Wages and salaries	677,234	607,703
Social security costs	33,091	30,797
Other pension costs	13,241	9,828
	723,566	648,328

The average monthly number of employees	during the year was as follows:
	2022	2021
Staff	96	81

Manager, was 8172,817, a decrease from the previous year due to th 8198,200).	Manager, was 8172,817, a decrease from the previous year due to th 8198,200).	e current vac	ancy (2021
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
	Unrestricted	Restricted	Total
	fundsf	fund 8	fundsf
INCOME AND ENDOWMENTS	FROM
Donations and legacies	835,914	386,770	1,222,684
Charitable activities
Youth Zone activities	5,409		5,409
Catering income	2,271		2,271
Facilities hire	24,800		24,800
Other trading activities	90,590		90,590
Investment income	718		725
Other income	174,576		174,576
Total	1,134,278	386,777	1,521,055

13.	COMPARATIVES	FOR THE STATEMENT OF FINANCIAL ACTIVITIES	FOR THE STATEMENT OF FINANCIAL ACTIVITIES	FOR THE STATEMENT OF FINANCIAL ACTIVITIES	- continued
				Unrestricted	Restricted	Total
				funds f	fund f	fundsf
	EXPENDITURE ON
	Raising funds			3,860		3,860
	Charitable activities
	Youth Zone activities			543,511	514,749	1,058,260
	Total			547,371	514,749	1,062,120
	NET INCOME/(EXPENDITURE)			586,907	(127,972)	458,935
	RECONCILIATION	OF FUNDS
	Total funds brought		forward	326,707	4,644,014	4,970,721
	TOTAL FUNDS CARRIED FORWARD			913,614	4,516,042	5,429,656
14.	TANGIBLE FIXEDASSETS
						Fixtures
				Long	Plant and	and
				leaseholdf	machineryf	fittingsf
	COST
	At 1 April 2021			4,725,580	10,486	120,961
	Additions					4,674
	At 31 March 2022			4,725,580	10,486	125,635
	DEPRECIATION
	At 1 April 2021			270,478	3,990	71,863
	Charge for year			94,512	1 450	16156
	At 31 March 2022			364,990	5,440	00 619
	NET BOOK VALUE
	At 31 March 2022			4,360,590	5,046	37,016
	At 31 March 2021			4,455,102	6,496	49,098

for th	e year ended 31 March 2022	e year ended 31 March 2022	e year ended 31 March 2022
14.	TANGIBLE FIXEDASSETS - continued
					Motor	Computer
					vehicles	equipmentf	Totalsf
	COST
	At 1 April 2021 Additions				51,570	13,631 10,806	4,870,658 67,050
	At 31 March 2022				51 57D	24,437	4,937,708
	DEPRECIATION
	At 1 April 2021 Charge for year				1,074	10,212 6,501	356,543 120,293
	At 31 March 2022				1,074	16,713	476 836
	NET BOOK VALUE At 31 March 2022				50,496	7724	, 446D87,2,
	At 31 March 2021					3,419	4,514,115
15.	FIXEDASSET INVESTMENTS
							Listed
							investments
	MARKET VALUE
	Additions						495,756
	PROVISIONS
	Revaluation adjustments						23,619
	NET BOOK VALUE
	At 31 March 2022						472,137
	At 31 March 2021
	There were no investment		assets outside the UK.
	Cost or valuation	at 31 March 2022 is represented		by:
							Listed
							investmentsf
	Cost						495,756

for th	e year ended	31 March	2	022
16.	STOCKS
						2022 F	2021f
	Stocks					1,722	2,094
17.	DEBTORS: AMOUNTS		FALLING DUE WITHIN ONE YEAR
						2022f	2021f
	Trade debtors					56,873	10,341
	Other debtors						2,836
	Prepayments	and accrued		income		93,804	22,128
						150,677	35,305
18.	CREDITORS: AMOUNTS			FALLING DUE WITHIN ONE	YEAR
						2022f	2021f
	Trade creditors					47,168	33,689
	Social security	and other		taxes		20,441	21,713
	Other creditors						280
	Staff salaries					48,357	43,925
	Accruals and deferred		income			149,041	159,524
						265,007	259,131
19.	MOVEMENT	IN FUNDS
					Net	Transfers
					movement	between
				At 1/4/21f	in fundsf	funds	At 31/3/22f
	Unrestricted	funds
	General fund Designated fund			913,614	36,826 ~27,663)	(504,923) 500,000	445,517 472 137
				913,614	8,963	(4,923)	917,654
	Restricted funds
	Restricted fund			4,516,042	(120,293)	4,923	4,400,672
	TOTAL FUNDS			5,423,656	~227,335)		5,318,326

Net movement in funds, included	in the above are as follo	ws:
	Incoming	Resources	Gains and	Movement
	resourcesf	expendedf	losses	in fundsf
Unrestricted funds
General fund Designated fund	1,027,820	(990,994) ~4,244)	~23,6)9)	36,826 ~27,863)
	1,027,820	(995,238)	(23,619)	8,963
Restricted funds
Restricted fund	39,007	(159,300)		(120,293)
TOTAL FUNDS	1,D66,827	~),154,538)	~23,649)	~))1,336)

Comparatives for movement in funds
		Net
		movement
	At 1/4/20f	in funds	At 31/3/21f
Unrestricted funds General fund	326,707	586,907	913,614
Restricted funds Restricted fund	4,644,014	(127,972)	4,516,042
TOTAL FUNDS	4,970,721	458,935	5,429,656

Comparative net movement in funds, in	cluded in the above are as follow	s:
	Incoming	Resources	Movement
	resourcesf	expendedf	in funds f.
Unrestricted funds General fund	1,134,278	(547,371)	586,907
Restricted funds
Restricted fund	386,777	(514,749)	(127,972)
TOTAL FUNDS	1,521,055	)),062,)20)	458,935

				Net	Transfers
				movement	between
			At 1/4/20 f	in fundsf	fundsf	At 31/3/22
Unrestricted		funds
General fund Designated fund			326,707	623,733 ~27,863)	(504,923) 500,000	445,517 472,137
			326,707	595,870	(4,923)	917,654
Restricted		funds
Restricted	fund		4,644,014	(248,265)	4,923	4,400,672
TOTAL FUNDS			4,970,721	347,605		5,318,326

A current year 12 months and p above are as follows:	rior year 12 months com	bined net move	ment in funds,	included in th
	Incoming	Resources	Gains and	Movement
	resourcesf	expendedf	lossesf	in fundsf
Unrestricted funds
General fund Designated fund	2,162,098	(1,538,365) ~4,244)	~23,6)9)	623,733 ~27,863)
	2,162,098	(1,542,609)	(23,619)	595,870
Restricted funds
Restricted fund	425,784	(674,049)		(248,265)
TOTAL FUNDS	2 587 882	/2, 216,658)	~23,679)	347,605

						2022	2021
				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
					f	E	E
INCOME AND ENDOWMENTS
Donations and	legacies
Donations				835,320	27,127	862,447	1,222,684
Other trading activities
Other fundraising				54,580		54,580	90,590
investment income
Deposit account	interest			911		911	725
Charitable activities
Young people				23,793		23,793	5,409
Catering income				22,398		22,398	2,271
Facilities hire				48,943		48,943	24,800
				95,134		95,134	32,480
Other income
Other income				40,176	11,880	52,056	19,737
Furlough grants				1,699		1,699	154,839
				41,875	11,880	53,755	174,576
Total incoming	resources			1,027,820	39,007	1,066,827	1,521,055
EXPENDITURE
Raising donations		and	legacies
Fundraising costs				3,667		3,667	3,860
Charitable activities
Wages				638,227	39,007	677,234	607,703
Social security				33,091		33,091	30,797
Pensions				13,241		13,241	9,828
Insurance				14,045		14,045	21,371
Telephone				2,795		2,795	2,861
Postage and stationery				4,768		4,768	4,328
Sundries				12,141		12,141	2,936
Consultancy costs							12,813
Travel costs				3,290		3,290	86
Training				2,030		2,030	3,351
Computer costs				18,576		18,576	19,331
Licences				7,363		7,363	7,689
Other staff costs				2,384		2,384	5,295
Legal and professional			fees	4,311		4,311	3,943
Carried forward				756,262	39,007	795,269	732,332

Detailed Statement of Financial A for the year ended 31 March 2022	ctivities
			2022	2021
	Unrestricted	Restricted	Total	Total
	funds 6	fundsf	funds E	funds
Charitable activities
Brought forward Marketing and advertising Recruitment and DBSchecks	756,262 2,420 7,119	39,007	795,269 2,420 7,119	732,332 3,316 2,262
Onside Network Donation	33,000		33,000	24,750
Hospitality costs Activity delivery costs Premises costs Repairs and renewals Utilities Long leasehold Plant and machinery Fixtures and fittings Motor vehicles	121,685 5,106 24,786 32,483	94,512 1,450 16,756 1,074	121,685 5,106 24,786 32,483 94,512 1,450 16,756 1,074	66 102,448 8,564 29,718 18,927 94,512 1,916 27,824
Computer equipment		6,501	6,501	3,836
	982,861	159,300	1,142,161	1,050,471
Support costs
Finance
Bank charges	2,710		2,710	1,459
Governance costs
Auditors' remuneration	6 ODD		6 DDO	6,330
Total resources expended	995238	159,3DO	1,154536	1,0~2,120
Net income	32,562	~72~,293)	~57,777)	458,935