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2023-03-31-accounts

Page
Reference and Administrative
Details
Report ofthe Trustees 2 to 10
Report of the 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 30
Detailed Statement of Financial Activities 31 to 32
REGISTERED OFFICE Inspire Youth Zone Inspire Youth Zone
Chapel Street
Chorley
United
Kingdom
PR7 1BS
REGISTERED COMPANY 09972518 (England and Wales)
NUMBER
REGISTERED CHARITY 1167309
NUMBER
AUDITORS McMillan
8		 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

key achie vements
from this financial year are listed be
396 Safeguarding
cause for concerns dealt with
41,610 Visits from young people
896 Individuals
supported
on Detached
448 Universal
sessions delivered
7,789 Free meals provided
2,258 Young people supported

for the year ended 31 March 20 23
2023 2022
Unrestricted Restricted Total Total
Notes funds
8		 fund
6		 funds fundsf
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 3 1,013,334 246,293 1,259,627 862,447
Charitable
activities		 6
Youth Zone activities 24,491 24,491 23,793
Catering
income		 36,418 36,418 22,398
Facilities hire 4,755 41,835 46,590 48,943
Other trading
activities		 4 26,939 130 27,069 54,580
Investment
income		 5 13,072 13,072 911
Other income 34,428 12,090 46,518 53,755
Total 1,153,437 300,348 1,453,785 1,066,827
EXPENDITURE ON
Raising funds 7 11,433 11,433 3,667
Charitable
activities
Youth Zone activities 1,211,663 339,824 1,551,487 1,150,871
Total 1,223,096 339,824 1,562,920 1,154,538
Net gains/(losses)
on investments		 (34,595) (34,595) (23,619)
NET INCOME/(EXPENDITURE) (104,254) (39,476) (143,730) (111,330)
Transfers
between		 funds 18 214,207 (214,207)
Net movement
in funds		 109,953 (253,683) (143,730) (111,330)
RECONCILIATION OF FUNDS
Total funds brought forward 917,654 4,400,672 5,318,326 5,429,656
TOTAL FUNDS CARRIED FORWARD 1,027,607 4,146,989 5,174,596 5,318,326

31 March 2023
2023 2022
Unrestricted Restricted Total Total
Notes funds
E		 fund
E		 funds
8		 fundsf
FIXEDASSETS
Tangible assets 13 4,341,252 4,341,252 4,460,872
Investments 14 438,824 438,824 472,137
438,824 4,341,252 4,780,076 4,933,009
CURRENT ASSETS
Stocks 15 1,218 1,218 1,722
Debtors 16 106,890 106,890 150,677
Cash at bank and in hand 666,474 4,081 670,555 497,925
774,582 4,081 778,663 650,324
CREDITORS
Amounts
falling due within one year		 17 (185,799) (198,344) (384,143) (265,007)
NET CURRENT ASSETS 588,783 (194,263) 394,520 385,317
TOTAL ASSETS LESSCURRENT
LIABILITIES 1,027,607 4,146,989 5,174,596 5,318,326
NET ASSETS 1,027,607 4,146,989 5,174,596 5,318,326
FUNDS 18
Unrestricted
funds		 1,027,607 917,654
Restricted
funds		 4,146,989 4,400,672
TOTAL FUNDS 5,174,596 5,318,326
Notes 2023 2022f
Cash flows from operating activities
Cash generated
from operations		 1 162,993 (77,453)
Net cash provided by/(used in) operating activities 162,993 (77,453)
Cash flows from investing activities
Purchase
of tangible
fixed assets		 (2,153) (67,050)
Purchase
of fixed		 asset investments (1,282) (495,756)
Interest received 3,800 911
Dividends
received		 9,272
Net cash provided by/(used in) investing activities 9,637 (561,895)
Change
in cash		 and cash equivalents
in the reporting period 172,630 (639,348)
Cash and cash equivalents at the
beginning
ofthe		 reporting period 497,925 1,137,273
Cash and cash equivalents at the end
ofthe reporting period 670,555 497,925

ACTIVITIES
2023 2022
E E
Net expenditure
for		 the reporting period (as per the Statement
of Financial Activities) (143,730) (111,330)
Adjustments
for:
Depreciation
charges		 121,774 120,293
Losses on investments 34,595 23,619
Interest received (3,800) (911)
Dividends
received		 (9,272)
Decrease
in stocks		 504 372
Decrease/(increase) in debtors 43,787 (115,372)
Increase
in creditors		 119,135 5,876
Net cash provided by/(used in) operations 162,993 (77,453)
ANALYSIS OF CHANGES IN NET FUNDS
At 1/4/22f Cash flow
F		 At 31/3/23f
Net cash
Cash at bank and in hand 497,925 172,630 670,555
497,925 172,630 670,555
Total 497,925 172,630 670,555

DONATION S
AND LEGACIES
2023 2022
Unrestricted Restricted Total Total
funds funds funds funds
6 6
Donations 1,013,334 246,293 1,259,627 862,447
Donations 2023 2022
Unrestricted Restricted Total Total
funds funds
F		 funds
f		 funds
f
Chorley Council 100,000 100,000 100,000
Founder Patrons 264,699 264,699 199,300
Grants and trusts 378,348 240,484 618,832 387,474
Others 265,993 5,646 271,639 175,620
Gift Aid 4,295 163 4,458 53
1,013,335 246,293 1,259,628 862,447
OTHER TRADING ACTIVITIES
2023 2022
Unrestricted Restricted Total Total
fundsf fundsf funds
6		 funds
6
Other fundraising 26,939 130 27,069 54,580
INVESTMENT INCOME
2023 2022
Unrestricted Restricted Total Total
funds
6		 fundsf funds
6		 fundsf
Dividends received 9,272 9,272
Deposit account interest 3,800 3,800 911
13,072 13,072 911

6. INCOME FRO M CH ARITABLE ACTI VITIES
2023 2022
Activity
Young people Youth Zone activities 24,491 23,793
Catering income Catering income 36,418 22,398
Facilities hire Facilities hire 46,590 48,943
107,499 95,134
7. RAISING FUNDS
Raising donations and legacies
2023 2022
Unrestricted Restricted Total Total
fundsf fundsf funds funds
E
Fundraising costs 5,142 5,142 3,667
Other trading activities
2023 2022
Unrestricted Restricted Total Total
funds funds funds funds
F F 6
Bad debts 6,291 6,291
Aggregate amounts 11,433 11,433 3,667
8. CHARITABLE ACTIVITIES COSTS
Support
Direct costs (see
Costsf note 9)
6		 Totals
6
Youth Zone activities 1,543,166 8,321 1,551,487

SUPPORT COSTS
Governance
Finance costs Totals
6 6 6
Youth Zone activities 1,821 6,500 8,321
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
2023 2022
F 6
Auditors'
remuneration		 6,500 6,000
Depreciation - owned assets 121,774 120,293
Investment broker fees 7,990 4,244

STAFF COS TS
2023 2022
F F
Wages and salaries 812,142 677,234
Social security costs 48,143 33,091
Other pension costs 15,083 13,241
875,368 723,566
The average monthly number ofemployees during the year was as follows:
2023 2022
Staff 117 96
The number of employees whose employee benefits (excluding employer pension costs) exceeded
660,000 was:
2023 2022
f60,001 - f70,000 1 1

TANGIBLE FIXEDASSETS
Fixtures
Long Plant and and
leasehold machinery fittings
COST
At 1 April 2022 4,725,580 10,486 125,636
Additions
At 31 March 2023 4,725,580 10,486 125,636
DEPRECIATION
At 1 April 2022 364,990 5,440 88,619
Charge for year 94,512 1,127 8,567
At 31 March 2023 459,502 6,567 97,186
NET BOOK VALUE
At 31 March 2023 4,266,078 3,919 28,450
At 31 March 2022 4,360,590 5,046 37,017
Motor Computer
vehicles
F		 equipment
6		 Totalsf
COST
At 1 April 2022 51,570 24,437 4,937,709
Additions 2,153 2,153
At 31 March 2023 51,570 26,590 4,939,862
DEPRECIATION
At 1 April 2022 1,074 16,713 476,836
Charge for year 12,893 4,675 121,774
At 31 March 2023 13,967 21,388 598,610
NET BOOK VALUE
At 31 March 2023 37,603 5,202 4,341,252
At 31 March 2022 50,496 7,724 4,460,873

Listed
investments
6
MARKET VALUE
At 1 April 2022 472,137
Additions 1,282
At 31 March 2023 473,419
PROVISIONS
Revaluation adjustments 34,595
NET BOOK VALUE
At 31 March 2023 438,824
At 31 March 2022 472,137
There were no investment assets outside the UK.
Cost or valuation at 31 March 2023 is represented by:
Listed
Investments
6
Cost 473,419
15. STOCKS
2023 2022
E E
Stocks 1,218 1,722
16. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
6
Trade debtors 63,840 56,873
Prepayments and accrued income 43,050 93,804
106,890 150,677

CREDITORS: AMOUN TS
FALLING DUE WITHIN O		 NE YEAR
2023
F		 2022f
Trade creditors 45,168 47,168
Social security and other taxes 25,480 20,441
Staff salaries 52,792 48,357
Accruals and deferred income 260,703 149,041
384,143 265,007

MOVEMEN T
IN FUNDS
Net Transfers
movement between
At 1/4/22
6		 in fundsf funds
6		 At 31/3/23
Unrestricted
funds
General
fund		 445,517 (70,941) 214,207 588,783
Designated fund 472,137 (33,313) 438,824
917,654 (104,254) 214,207 1,027,607
Restricted funds
Restricted fund 4,400,672 (39,476) (214,207) 4,146,989
TOTAL FUNDS 5,318,326 (143,730) 5,174,596
Net movement
in funds,		 included in the above are as follows:
Incoming Resources Gains and Movement
resources expended
6		 lossesf in funds
6
Unrestricted
funds
General
fund		 1,144,165 (1,215,106) (70,941)
Designated fund 9,272 (7,990) (34,595) (33,313)
1,153,437 (1,223,096) (34,595) (104,254)
Restricted funds
Restricted fund 300,348 (339,824) (39,476)
TOTAL FUNDS 1,453,785 (1,562,920) (34,595) (143,730)

Comparati ve s
for moveme		 nt
in fun		 ds
Net Transfers
movement between
At 1/4/21 in funds funds At 31/3/22
6 f 6 6
Unrestricted funds
General
fund		 913,614 36,826 (504,923) 445,517
Designated fund (27,863) 500,000 472,137
913,614 8,963 (4,923) 917,654
Restricted funds
Restricted fund 4,516,042 (120,293) 4,923 4,400,672
TOTAL FUNDS 5,429,656 (111,330) 5,318,326
Comparative net movement in funds, included in the above are as follows:
Incoming Resources Gains and Movement
resources
6		 expendedf lossesf in funds
Unrestricted funds
General
fund		 1,027,820 (990,994) 36,826
Designated fund (4,244) (23,619) (27,863)
1,027,820 (995,238) (23,619) 8,963
Restricted funds
Restricted fund 39,007 (159,300) (120,293)
TOTAL FUNDS 1,066,827 (1,154,538) (23,619) (111,330)

for the year end ed 31 March 2023
2023 2022
Unrestricted Restricted Total Total
funds funds funds funds
E 6 6 f
INCOME AND ENDOWMENTS
Donations
and		 legacies
Donations 1,013,334 246,293 1,259,627 862,447
Other trading activities
Other fundraising 26,939 130 27,069 54,580
Investment
income
Dividends
received		 9,272 9,272
Deposit account interest 3,800 3,800 911
13,072 13,072 911
Charitable
activities
Young people 24,491 24,491 23,793
Catering
income		 36,418 36,418 22,398
Facilities hire 4,755 41,835 46,590 48,943
65,664 41,835 107,499 95,134
Other income
Other income 34,428 12,090 46,518 52,056
Furlough
grants		 1,699
34,428 12,090 46,518 53,755
Total incoming resources 1,153,437 300,348 1,453,785 1,066,827
EXPENDITURE
Raising donations and legacies
Fundraising
costs		 5,142 5,142 3,667
Other trading activities
Bad debts 6,291 6,291
Charitable
activities
Wages 645,214 166,928 812,142 677,234
Social security 48,143 48,143 33,091
Pensions 15,083 15,083 13,241
Insurance 16,772 16,772 14,045
Telephone 2,153 2,153 2,795
Postage and stationery 4,445 498 4,943 4,768
Sundries 5,631 74 5,705 12,141
Consultancy
costs		 23,705 23,705
Carried forward 761,146 167,500 928,646 757,315

for the year end ed 31 March 2023
2023 2022
Unrestricted Restricted Total Total
fundsf funds
F		 fundsf funds
Charitable
activities
Brought forward 761,146 167,500 928,646 757,315
Travel costs 4,604 272 4,876 3,290
Training 3,977 703 4,680 2,030
Computer
costs		 14,149 14,149 18,576
Licences 6,605 6,605 7,363
Other staff costs 2,542 2,542 2,384
Legal and professional fees 8,056 8,056 4,311
Marketing
and advertising		 2,612 120 2,732 2,420
Recruitment
and		 DBS checks 4,373 4,373 7,119
Onside
Network		 Donation 34,500 34,500 33,000
Activity delivery costs 223,369 49,337 272,706 121,685
Premises costs 9,089 9,089 5,106
Repairs and renewals 49,016 120 49,136 24,786
Utilities 79,304 79,304 32,483
Long leasehold 94,512 94,512 94,512
Plant and machinery 1,126 1,126 1,450
Fixtures and fittings 8,567 8,567 16,756
Motor vehicles 12,893 12,893 1,074
Computer
equipment		 4,674 4,674 6,501
1,203,342 339,824 1,543,166 1,142,161
Support costs
Finance
Bank charges 1,821 1,821 2,710
Governance
costs
Auditors'
remuneration		 6,500 6,500 6,000
Total resources expended 1,223,096 339,824 1,562,920 1,154,538
Net (expenditure)/income (69,659) (39,476) (109,135) (87,711)