|||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)|