||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|