REGISTERED COMPANY NUMBER: 09972518 (England and Wal85)
REGISTERED CHARITY NUMBER: 1167309
Report of the Trustees and
Audited Financial Statements
for the Year Ended 31 March 2024
for
Chorley Youth Zone
(A Company Limited by Guarantee)
Mcmlllan & Co LLP
Chartered Accountants and
Statutory Auditor
28 Ealon Avenue
Matrix Office Park
Buckshaw Village
Chorley
Lancashire
PR7 7NA

Chorley Youth Zone
Contents of the Financial Statements
for the year ended 31 March 2024
Page
Referance and Admlnlslratlve Detalls
Report of the Trustees
2 to 12
Report of the Independent Auditors
13 to 16
Statement of Financlal Actlvities
17
Balance Sheet
18
Cash Flow Slatement
19
Notes lo the Cash Flow Statement
Noles to the Flnanclal Statements
21 to 32

Chorley Youth Zone
Reference and Administrative Details
for the year ended 31 March 2024
REGISTERED OFFICE
Inspire Youth Zone
Chapel Streel
Chorley
United Kingdom
PR7 1BS
REGISTERED COMPANY
NUMBER
09972518 (England and Wales)
REGISTERED CHARITY
NUMBER
1167309
AUDITORS
Mcmillan & Co LLP
Chartered Accountants and
Slatutory Auditor
28 Eaton Avenue
Matrix Office Park
Buckshaw Village
Chorley
Lancashire
PR7 7NA
BANKERS
Handelsbanken
1 sl Floor
Chatsworth House
Ackhurst Park
Chorley
PR71NW
Website http.'Il www.inspireyouthzone,orgl
Page 1

Chorley Youth Zone
Report of the Trustees
for the year ended 31 March 2024
The trustees who are also direclors of the charity for the purposes of the Companies Act 2006, present their
reportwith the financial statements ofthe charityfor the yearend&d 31 March 2024. The trustees have adopted
the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable lo
charities preparlng their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 102) {effeclive 1 January 2019).
Chorley Youth Zone was incorporated on 27 January 2016 (Company registration number.. 09972518) as a
company limited by guarantee and registered as a Charity on 24 May 2016 (Charity registration number:
1167309).
Tradlng name
Inspire
Dlrectors and Truslees
The Dlrectors and Trustees of the Charity who served during the period are..
James Carter
Gwynne Furlong
Andrew Turner
Matthew Currle
Davld Barton
Neale Graham
Christopher Sinnott
Heather Aust
Anthony Garner
Andrew Dunn
Matthew Hirst
resigned 25 September 2023
reslgned 30 June 2024
reslgned 15 August 2024
reslgned 20 September 2023
appolnled 20 Seplember 2023
Chlef Executlve
Janlne Blythe
WHO ARE WE?
Chorley Youth Zone, named'lnspire, by young people, is a purpose-buill facilityfor Ihe borough's young people
aged 8-19, and up to 25 for those with disabillties or special educational needs. The Youth Zone is located in
the heart of Ihe town, on the corner of Railway Street and Chapel Street, with easy access on foot and by bus,
traln and car.
Insplre is part of a nelwork of similar independent youth organisations that all share the same princlples,
developed by Ihe Charity Onslde (CharSly registratlon number: 1125893). Onside's mission is to empower
young people lo lead poslllve, fulfilling Ilves by providing acGes5 10 incredible spaces and exceptional youth
work delivered by outstanding people, where they are needed the most. Inspire offers annual membershlp for
only £5 and 50p per visll, ensurSng provislon15 affordable for all. 11 provides a safe environment where young
people can spend their leisure lime, helplng each young person lo raise their aspirations, as well as improve
their physlcal and mental health. There are up to 20 differenl aclivities available each night. including football,
dancing, climbing, creative arts, music. drama and employabilily trainlng.
Inspire follows the sustainable model used across the ne￿ork, comprising of a unique partnership approach;
drawing logelher the Local Authority. private sector business people. young people and the local community.
This partnership approach aims to embed the Youlh Zone in the community for the long term, whilst meeting
the immediate needs of young people,
Page 2

Chorley Youth Zone
Report of the Trustees
for the year ended 31 March 2024
OBJECTIVES AND ACTIVITIES
Inspire Objectives
Inspire (Chorley Youth Zone)'s objecls are to help and educate children and young people resident in Chorley
and surrounding areas through their leisure time activities by promoting their full physical and spiritual potential
in order that they may grow to full maturity as individuals and members of society and their conditions of life
may improve.
Inspire's vision is that every young person in the Chorley Borough and surrounding areas has the opportunity
to grow up to be the best they can be. We do this by providing a safe and nurturing environment where young
people can learn, develop, grow. have fun. and get the support they need, when they need it.
Inspire Youth Zone opened its £4.8m, state-of-the-art youth facility in May 2018. Part of the rapidly growing
'OnSide Network,, Inspire offers a huge range of activities and support thal aims to give young people
somewhere to go, something to do and someone to talk to. VQe believe that all young people deSe￿e a high-
quality and inspirational place they can call their own, to make new friends, try new things, and get Ihe support
they need. We also believe this should be affordable to all, which is why annual membership costs just £5,
and entry lo access all facilities and activities, is just 50p per visiL Inspire is open when schools are closed,
evenings, weekends, and holidays, 52 weeks per year.
Inspire supports young people between the ages of 8-19 years (up to 25 for those wlth a dis8bility), and 81so
seeks to support the wider community, providing weekly'family days, aimed notjust at the siblings and families
of members, but also at the wider community - adults are encouraged to attend, as long as they are
accompanied by a childl On these sessions the whole family are encouraged to particlpale in activities
together.
Our Values
INSPIRATIONAL
Cieuitss o lun
•nvlronm8nL that
encourages
young peopKg to
achlovo thglr I￿1
potontlol
PRESENT
eomroltt•EII,
AMBITIOUS
Conslstenlly
develops, evolv8S
and 1$ ploneefing
in Youlh Work
rlngs 6nlhusiasnl'
ond vislbillly to
their work
ConsFstently
"pg.{4PJ.¥aVv
1111
prov￿$ high
puoffty sèssk>n lor
young pèoplo
riry ¢norgy und
Leod8 from the
Ironl ond 88ts
achlovobl
xpectatlons
Opens up now
oxpèrl8ncg$ ond
opportun11￿$ lor
young people
Diivsn to tokè on
now chollonggs
and oppoit¢Jnttl05
P055ionolg obouL
b¢5ng Ihe best
•fy.,11i;lrsi th
session
Insplre Actlvltles
Inspire aims to ensure that young people have the opportunity to discover their passion and their purpose.
We do this by giving young people from diverse backgrounds access to incredible tacililies in a vibrant,
purpose-built space packed with engaging activities, and the opportunity lo make friends, develop new skills,
unlock their potential and have fun.
Page 3

Chorley Youth Zone
Report of the Trustees
for Ihe year onded 31 March 2024
ActlvStles
At Inspire, members can 'Be Inspired, lo:
Be Honest - lalk aboul what is going on for them, and sometimes discuss how our behaviour Impacts
others. a place to give and receive help and support
Be Creative - in our wonderful arl. craft and textiles space, trying new and amazing ways of self-
expression
Be Fil- in the Inspire gym- highend. friendly and accessible cardio, weights, free weights and ¢lr¢ults
and box fit- just for membersl
Be Comfortable - sometimes you Just need a space that's a little quleter and chllled, where you can
read, do homework, play board games (and LEGO)!
Be Adventurous - wonderful climbing wall wilh qualified climbers (and a bit of healthy compet5tlon)
Be Active 2 court sports hall and a programme of activities including basketball, netball, tennls,
badmlnton. Fulsal, dodgeball and so much more
Be Loud drums, keyboard, guitar, band practice, radio statlon, karaoke and lip sync batlles and not
forgeltlng the Insplre YouTube Channel
Be Onside - football, touch rugby and other stuff - in our cool. stale of the art, basemenl pitch
Be Dramatic
street dance, drama games, musical theatre, cheerleading, tumbling and morrls
dancing.
Be Transformed - so much more than make-up, nails and hair. this is all aboul being the best version
of YOU and practlclng klndn8ss, acceptance, tolerance, self-esteem. self<onfidence and learning how
to be safe in a modern, dlgltal world and get advice and guidance about relationships, family and
frlendshlps (age appropriate)
Makers Zone - a new additlon for the comlng year. Developed in 2023124 the Makers Zone allows for
the development of codlng skllls, 3D printing, laser printing, technical crafts and maklng In gener81,
wSth an enterprlse focus - helplng to develop skills and crealivity for the fulurel
Be Tasty - in the Insplre Teaching kitchen. learning essential life skills to prepare for adulthood
Be Refuelled - food, It's important. The cafe provides hot and healthy home cooked meals from Just
£1- affordable for everyone
Be So¢Sal - In the Inspire Recreatlon Area, the beating heart of the Youth Zone, pool, darts, plng pong,
sllly games, play statlon batlles, dancing and sing offs and a place to relax wlth friends
Insplre also provides targeted holiday and food activily clubs during the school holidays, focused on Young
People with disabililies and young people in receipt of free school meals or who are otherwlse vulnerable.
Page 4

Chorley Youth Zone
Report of the Trustees
for the year ended 31 March 2024
OBJECTIVES AND ACTIVITIES
Progress against 5 year strategy
The focus during the 2023124 financial year has continued lo be an incremental return to 'business ss usual,
following several years of significant disruption. As expected. we have seen the knock-on Impact of the
pandemic and subsequenl cosl of living crisis. continuing to affect children, young people and thelr families.
Social, emotional and physical developmenl continues lo be affected. impacting confidence. achievement,
health and resilience. Increasing cosl of living and food prices continues to affect our poorest families, causing
food poveily and again. knock on health issues.
Fiscal uncertainty, the continuing impact of Brexit, rising interesl rales and political uncertainly has rnade
fundraising difficult over the last 12 months especially when such a large proportion of income comes from
local private sector businesses.
2023124 Is year 213 of current strategy period with the following strateglc prlorilles:
To be financially secure with positive cashflow and robust financlal management processes
For Insplre to be the number one destination for the young people of Chorley
To be a safe and Inspiring place for people to work and young people to enjoy
To ralse awareness and impact of Inspire as a flagship local charity and secure financlal support
from the business and local community
Flnancially secure
2023124 contlnued lo be a challenglng year for charities and fundraising, with Inspire belng no exceptlon.
Uncerlainly in the business community continued to affect charitable donations, sponsorship and decisions
being made around multiyear Investment, a cornerstone of Inspire's fundraising strategy, negatively impacllng
our ability lo meet Philanthropiclmajor donor fundralsing targets.
This year saw the return of fundralslng events, the first since the pandemic, with both the golf day and the Ball
being very well attended and both exceedlng the fundraising targels for the event. Grant and contract income
has also been strong this year, offsetting underperformance In other areas.
Desplte these challenges, the charity has managed finanrjal resources well and contlnues to build the long-
term sustainabi1Sty of the charity by prudent expenditure, slrong financial policies and a long-term inveslment
strategy to bulld reserves with a designated slnklng fund for the planned refurbishment of the building which
wlll be requlred In the coming years. Further inveslment In the Partnerships Team has been successful and
will support the achievement of an ambitious Income Generation Plan, supportlng the future growth and
8uslalnablllty of the ¢harlty.
No 1 Desllnation for Chlldron and Young Peoplo
Growth In membershlp and attendance has been slow and steady In the first ty￿ quarters, plcklng up In quarler
3 and, by the end of the year, was on target. The change in programme last year wilh Ihe introduction of EPIC
(Engagement, Projects, Interventions and Clubs). has b8en a slrength and has seen strong engagement.
While there is still room to support more young people Ihrough this programme and develop il further, dellvering
the EPIC programme has created the space for Inspire lo support many more young people as well as serve
as a test bed to trl8lllaunch new activities.
Consuiiation wlth pariners has seen Inspire do more in the community over the last year with detached youth
work targeting some of the most deprived areas in the borough and using our'scran Van, to ensure acce58 to
food for young people in the community. especially in the School holldays.
In addition. this year has seen the introduction of delivery in bolh prim8ry and second8ry schools, lo help
supporl education outcomes, focusslng on health and wellbeing prevention and early interventlon programmes
with primary aged children and attendance, anxiety and behaviour support in high schools. This co-ordlnated
approach is aimed at prevenling the escalation of issues that may impact on health and wellbelng and also
school atlendance and lo help schools to 'wrap support. around children and young people at rlsk.
Page 5

Chorley Youth Zone
Report of the Trustees
for the year ended 31 March 2024
OBJECTIVES AND ACTIVITIES
A safe and insplrlng place
Inspire takes Its responsibilllles to heallh and safety and safeguarding very seriously and continues to make
signlflcant Investment both in training and systems to encourage escalation but also manage the level and
associated workflows of safeguarding cases brought to our altention each year. Inspire works closely wlth
schools, early Interventlon services and other partners who support children across the borough.
Our vlsion and values are now well embedded Into all our internal processes which are reviewed each year
and we continue lo place high importance on trainlng and support of team members al all levels. Whilst Inspire
continues lo achieve high levels of Commltmenl, staff turnover levels remain higher than ideal, and parlicularly
amongst the part timelsesslonal team. through thls dld slart to settle towards the end of the year. This Is
consSstenl with allled sectors Includlng educatlon, lelsure. health and social care and is therefore perhaps
reflective of the labour markel In general rather than Inspire as an employer.
This year we were able again lo exceed National Minimum Wage standards and continue our commitment to
paylng the National Llving Wage wherever possible. reflecting the value we place on the team and our
appreciatlon of the work they do. We are also starling to see an increase in the qualily and quantily of
volunle8ring in the organisatlon, which is encouraging.
Insplre as a flagshlp local Charlty
Inspire has had an incredible impact on young people, families and ihe wider community slnce opening In
2018, supporting over 10,000 local young people over this period.
We have been forlunale to have been able to support not only chlldren and young people throughout thls time,
but also families and the wlder community and this year we have been able to extend this further, introducing
a community day each week. 'Inspire Invltes, Is sponsored by one of our key partners, Cadent. and allows use
of the bulldlng as a communlty centre focussed on supporting vulnerable adults In our community. This Is an
excellenl use of the facilltles and Is already attracllng and average of 75 people a week who come to soclalise,
learn new skills, exercise and get support from a range of parlners including energy advice, energy efficiency
and safely around carbon monoxide.
As Inspire is sited in the middle of two of the most deprived areas in Chorley. it is well placed to welcome
people living in our communlty who may benefit from this support as well a5 combat lonellness and support
mental health and wellbeing.
Communily fundraising continues to be an area of development, and the return of community fundraising this
year is the start of Ihis journey for us as we encourage Ihose in our community to help us raise the funds we
need lo continue lo deliver at this level.
As a stlll relatively young Charlly, we have much lo do In ralslng our proflle wlthln the community and garnering
hi9h profile support from Ihe local and business communily alike. The return of communily fundraising events
in this financial year has been positlve and will ¢onllnue to be a focus in the future, not only as a means to
raise funds, bul also to raise the profile of Inspire as a local charity.
Page 6

Chorley Youth Zone
Report of the Trustees
for the year ended 31 March 2024
OBJECTIVES AND ACTIVITIES
Achlevement durlng thè yéar
165•
IVE
&rAcHEp¢wfa￿GE￿E￿TS
TIVE
sio
6801
23%
INCREASE IN
CONFIDENCE
DYOUNG
41WELCo
PEO
'311
WE AAVE
YEMPERS
ACROSS WARDS
50
Èo.U8RDING
c.ofvcERNS
YOUNG PEOPLE WITH
ADDITIONAL NÉEDS
EVERY WEEK:_
AC
MEMB
HIP
TEOF
PLA
GE WEEKLY I
ATTENDANCE
Publlc benèflt
The Trustees of Chorley Youth Zone belleve they have complied with the duly in sectlon 17 of the Charltles
Act 2011 to have due regard to the publlc beneflt guidance published by the Charity Commlsslon,
Open 40 hours a week. every week of the year, we provlde a wlde range of inspirational activitie8 for the young
people of Chorley and surrounding areas to enjoy. Our membership is for young people age 8 - 19, and up to
25 for those with additional needs, costing just £5 per year and 50p per sessK)n, ensuring access Is affordable
to all.
Fundraislng Statement
The Trustees have given due consideration to Charity Commission published guidance on the operation of the
publlc benefit requirement and are satisfied that this requirement is met by carrying oul lh8 activities as
descrlbed in this report.
Page 7

Chorley Youth Zone
Report of the Trustees
for the year ended 31 March 2024
STRATEGIC REPORT
FINANCIAL REVIEW
Flnanclal posltlon
Donations and legacies for the year were £1,288,726 (2023: £1,259,627). a significant number of which were
grants for new projecls undertaken during the year. The assoclated costs for these new projects also meant
that expenditure increased. leaving a net deficit for the year of £72,247 (2023: £143.730).
The value of our investments improved slightly during the year, but these are held for the longer term and our
view is thai Ihelr value wlll contlnue to increase in the future as markets recover from the current economic
cllmale.
The cash balances as at 31 March 2024 were £847.514 (2023: £670,555) and the closing net assets were
£5,102,349 (2023: £5,174,596).
Prlnclpal fundlng sources
Inspire raises funds by approaching businesses and philanthropic individuals who have an Interest In
supporting young peop16. We also apply for grants from Trusls thal have the same interest.
The charlty Is reglstered with the Fundraising Regulator and complies fully wilh its code of conduct.
Prlmarlly wework wlth people who have been Inlroduced to our cause on a one-to-one basls and all fundralslng
actlvltles are monltored by the Chief Executive. During the period Ihe charity received no complaints regarding
its fundralslng actlvities.
The charity does nol door-to-door street fundraise so does not come Into contact wllh vulnerable or other
people who may feel intruded upon, unreasonably persislently approached or have had undue pressure placed
upon them.
Investment pollcy and objectives
The charlty has performed well during the perlod and has been able lo build on the reserves pollcy and
es18bllsh an investment policy for funds not immediately needed (sinking fund), bolh key prlorllies for the
Board. The charlty continue5 to critically review both its income generation strategy and expendlture to ensure
11 contlnues lo perform well, taking full advantage of funding opportunities, securing phllanlhroplc and business
support and generating Income whlle ensuring high quality and cost-effective delivery.
A full revlew of expendlture has been undertaken for the followlng year (2024125) ensuring that staffing levels
remaln opllmal and that the charily Secures best value for services wherever possible.
The cash expenditure of the charity is closely monitored by the executive team, along with the Board's Fln8nce
Committee.
As wlth many ¢haritles of this nature, there are significant funding pressures and securing sufficient levels of
funding in-year wlll be a challenge until the charity is betler established. However, whilst it is never possible lo
be certain concerning future events, the Trustees consider thal the steps they have taken are sufficient lo
mainiain the financial affalrs of Ihe charily adequately lo enable it lo continue ils activities at their current scale.
Page 8

Chorley Youth Zone
Report of the Trustees
for the year ended 31 March 2024
STRATEGIC REPORT
Financial review
Reserrfes pollcy
The Board of Trustees has established a reserves policy which appropriately reflects the risks to which the
Charity is exposed. In reviewing the potential cosls that could arise should a signlficant redLJCtion in income be
incurred, the Trustees have delermined that unrestricled, Yree, reserves should be mainlained at a minimum
of 3 months (with a targel to gradually reach 6 months free reserves).
Total unrestricted reserves at the end of the period were £994,781 (2023: £1,027.607).
Operating cosls In Ihe coming year are estimated to be around £135k per month, reflecting an Increase in the
number of projects and contracts being delivered throughout the year. This dictates a minimum free reserve
level of three months at £405k for 202412025 with a target to retain 4 months (£540k) for thls purpose. The
amount offree reserves is calculated and reviewed on a monthly basis lo ensure compliance, wlth any variance
being reported to the Board. The reserves policy does nol Consider expenditure whlch 15 Ilnked to restricted
projects 8nd therefore covered by restricted funds.
Glven the uncertainly related lo fundralsing capability in the coming year the board agreed lo a deficit budget
for the coming year. anticipating that approximately £150k of Ihls year's reserves may be required in year to
enable the full service lo continue to be delivered.
The Trustees manage the Youth Zone's finances so that an adequate level of reserves and sinking fund can
be malntained in compllance with thls pollcy.
Financlal and rlsk management objectlves and pollcles
The board fully accepts Its responsibilities under the Charity Commission's statement of Recommended
Practice ISORP). The Trustees have considered the major risks lo whlch the charity is exposed and are
committed to ensuring these are effectively managed.
The Chlef Executive and senior managers have undertaken comprehensive risk assessment and established
risk registers from a business an¢J operational perspectlve and have established risk management and control
procedures whlch are reviewed regularly by the board.
Page g

Chorley Youth Zone
Report of the Trustees
for the year ended 31 March 2024
STRATEGIC REPORT
Future plans
Inspire responded quickly to Ihe pandemic and post pandemic landscape, from a delivery and a financial
perspective and has been able to adapt to rislng energy and inflationary rises.
Looking ahead, there are continued challenges with fundraising and costs that will continue lo put pressure on
the organisation and its abllily to delivery conslsiently lo children and young people. The Income generalion
slralegy will be reviewed In the coming year and extended to a 5-year plan, taking into account the longer-
term nature of some of the grant and Trust funding and the impact this has on the income profile for the charity.
Investment made in the Partnerships Team in 2023124 will continue as will the development of a strategy that
wlll further broaden income streams and bring greater resilience.
Dellvery will continue to reflect the needs of the membership whilst also taking note of local strategy,
partnerships and need.
2024125 will see a review oflfocus on governance and developlng a the next 3-5year strategy, contlnuing to
bulld on the consld8rable development and success to date.
Reslrlcted funds and dellvery cofttract8
£4,107,568 (2023.. £4,146,989) will be carried forward into 2024125 for restricted projects (see note 20).
Robust communicatlon will be prioritised to ensure that Insplre continues to be able to meet is obligatlons for
any current contracts or agreements. We have excellent relationships with funders and will work wlth them to
adapt provision where needed.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governlng document
The charity is controlled by its governing document. a deed of trust, and constitUl6s a Ilmiled company.1Smited
by guarantee, as defined by the Companies Acl 2006.
Insplre, Chorley Youth Zone is a company limited by guarantee and is governed by Its Memorandum and
Artlcles of Association dated 27 January 2016. It is a Charity registered with the Chailly Commlssion on 24
May 2016.
In the event of the Company winding-up, the members have guaranteed the liabilltles of the Company to the
sum not exceedlng £10 each.
Recrultmenl and appolntment of new trustees
The flrst Directors were the subscribers to the memorandum as notified lo Companies House as the first
Directors of the Charity. A person appointed a5 a Director thereupon becomes a Member of the Charity and a
Director who ceases to hold office for any reason Ihereupon ceases lo be a Member of the Charlly.
The Directors have power to appoint, by ordinary resolution, any person lo be a Dlrector who Is wllling lo act
as such. A person appointed as a Dlrector is also appointed, and registered with the Charity Commlsslon, as
a Trustee.
The number of Directors should not be less than three and there is no maximum. At the first Annual General
Meeting all Directors must retire and seek re-election. At each subsequent annual general meeting one third
of the Directors are required lo retire by rotation and seek re-appointment if they wish to continue.
The Members of the Charity are its Directors for the lime being and the only persons eligible lo be Members
of the Charity are its Directors.
Page 10

Chorley Youth Zone
Report of the Trustees
for the year ended 31 March 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Organisational structuro
Inspire (Chorley Youth Zone) is governed by its Truslee Board which is responsible for settlng the strategic
direction of the organisation and the policy of the Charity. The Trustees carry the ultimate responsibility for the
conduct of Chorley Youlh Zone and for ensuring that the Charity satisfies its legal and contractual obligations,
The Trustees may delegate the implementatlon of their decisions or day-to-day management of the affairs of
the Charity to any employee of the Charily, person or committee as they think fit. Any committee must Include
at least one Trustee.
Inspire has a number of sub-groups of the Board including Health and Safetyl Premises, Safeguarding. HR
and Remuneratlon and Income Generation. All groups include at least one board memberllrustee alongslde
the operational counterparts. Actions required may be delegated by the board memberltruslee at their
discretion.
A Chief Executive Officer. appointed by the Board, manages the day to day operallons. To facilitate effective
operations the Chief Executive has delegated authority as approved by the Board for all operational matters
Including finance. human resources and operational delivery, The board approves the strategic plan and
annual Business plan and scrutlnlses business performance including financial performance as well as
providlng advice to the Chief Execullve on operational matters of performance.
The pay of the Chief Executive Officer Is revlewed annually by the Remuneratlon sub-commillee,
benchmarking salaries against those of slmilar Youlh Zones within the Onslde Youlhzone Network and sector.
Induclion and tralnlng of new trustees
Newly appolnted truslees are provided with comprehensive induction to Inspire Youth Zone's provislon,
including key Informatlon about the organisation's development, governance and safeguardlng.
STATEMENT OF TRUSTEES. RESPONSIBILITIES
The trustees (who are also the directors of Chorley Youth Zone for the purposes of company law) are
responsible for preparlng the Report of the Trustees and the financial statements in accordance wlth 8ppllcable
law and United Kingdom Accountlng Standards (United Klngdom Generally Accepted Accounting Practice).
Company law requlres the truslees to prepare financial statements for each financial year whlch glve a true
and fair view of the slate of affairs of the charitable company and of Ihe incomlng resources and applicallon of
resources, including the income and expenditure, of the charitable company for that perlod. In preparlng those
flnancial slatements, the trustees are required to
select suitable accounting policies and then appty them consistently;
observe the methods and principles in the Charity SORP;
make judgements and estimates that are reasonable and prudent:
prepare the financial slatemenls on the going concern basis unless it is inappropriate to presume that the
charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy
al any time the financial position of the charitable company and to enable them to ensure that the financSal
siatemenls comply with the Companies Act 2006. They are also responsible for safeguardlng the assets of the
charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other
irregularities.
In so far as the truslees are aware:
there Is no relevant audit information of which the charitable company's auditors are unaware; and
the trustees have laken all steps Ihat they ought to have taken to make themselves aware of any relevant
audit information and to establish thal the auditor5 are aware of that information.
Page11

Chorley Youth Zone
Report of the Trustees
for the year ended 31 March 2024
AUDITORS
The auditors, Mcmillan & Co LLP, will be proposed for re-appointment at the forlhcoming Annual General
Meeting.
Report of the trustees, inkorporating a strategic report, approved by order of the board of trustees. as the
company directors, on .)S....Q.L and signed on the board's behalf by:
Matthew Currie - Trustee
Page 12

Report of the Independent Auditors to the Members of
Chorley Youth Zone
Oplnlon
We have audited the financial statements of Chorley Youth Zone {the 'charitable company,) for the year ended
31 March 2024 which comprise the Stalement of Financial Activities. the Balance Sheet. the Cash Flow
Statement and notes to the financial statements, including a summary of significant accounling policies. The
financlal reporling framework that has been applied in their preparation is applicable law and United Kingdom
Accounting Standards (United Kingdom Generally Accepted Accounting PraGtIGe).
In our opinion the financial statements:
give a true and fair view of the state of the charilable company's affairs as at 31 March 2024 and of its
incomlng resources and applicalion of resources. including ils income and expenditure, for Ihe year then
have been properly prepared in accordance with United Kingdom Generally Accepled Accounting Practice.
and
have been prepared In accordance with Ihe requlrements of the Companies Act 2006.
Basls for oplnlon
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and
8pplicable law. Our responslbilities under those slandards are further described in the Auditors, responsibilities
for the audit of the financial statemenls section of our report. We are independent of the charilable company
in accordance with the ethical requirements that are relevant to our audit of the financial statements In the UK.
Includlng the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibllllies in accordance wlth
these requirements. We believe that the audit evidence we have obtained is sufficlent and approprlate to
provlde a basis for our opinion.
Concluslon8 relatlng to golng concern
In 8uditlng the financial statements. we have concluded that the trustees, use of the going concern basis of
accounting In the preparation of the financial statements is appropriate,
Based on the work we have performed, we have nol identified any material uncertalntles relating to events or
conditions that, Indlvldually or collectlvely. may cast significant doubt on the charitable company's ablllty to
continue as a going concern for a period of ai least Iwelve months from when the financial slalemenls are
authorised for Issue.
Our responsibilities and the responsibllities of the trustees with respect to going concern are described in the
relevant sectlons of this report.
Other Informatlon
The trustees are responsible for the other informatlon. The other informalion comprises the informalion
Sncluded in the Annual Report, olher than the financial statements and our Report of the Independent Auditors
Ihereon.
Our opinion on the financial slatements does not cover the other information and, except to the extent
otherwise explicitly slated in our report. we do nol express any form of assurance conclusion thereon.
In connecllon with our audit of the financial statements, our responsibility is to read the other information and,
in dolng so, consider whether the other information is materially inconsistent with the flnancial statements or
our knowledge obtained in the audit or otherwise appears lo be materially misstated. If we identify such
material inconsistencies or apparent malerial misslatements, we are required lo determine whether this gives
rlse to a material misstatement in the financial slatements themselves. If, based on the work we have
performed, we conclude that there is a material misslatemenl of this other information, we are required to
report that fact. We have nothing to report in this regard.
Oplnlons on other matters prescribed by the Companles Act 2006
In our opinion, based on the work undertaken in the course of the audit:
the information given in the Report of the Trustees for the financial year for which the flnanclal statement5
are prepared is consistent with the financial statements; and
the Reporl of the Trustees has been prepared in accordance with applicable legal requiretnents.
Page 13

Report of the Independent Auditors to the Members of
Chorley Youth Zone
Matters on which we are required to report by exceptlon
In the light of Ihe knowledge and understanding of the charitable company and its environmenl obtained in the
course of the audit, we have nol identified material misstatements in Ihe Report Of the Trustees.
We have nothing to report in respecl of the following mallers where the Companies Act 2006 requires us.to
report to you if, in our opinion..
adequate accounting records have not been kepl or retums adequate for our audit have not been received
from branches not visited by us., or
th8 financial statements are nol in agreement with the accounting records and returns. or
certain disclosures of trustees, remuneration specified by law are not made., or
we have not received all Ihe information and explanations we require for our audit.
Responsibllities of trustees
A5 explained more fully in the Statement ol Trustees. Responsiblllties. the trustees (who are also the direclors
of the charllable company for the purposes of company law) are responsible for the preparation of the financial
statements and for being satisfied that they give a Irue and fair view, and for such internal control as the
trustees determSne is necessary lo enable the preparation of financial statements that are free from maierial
mlsstalement, whether due to Iraud or error.
In preparing the financial statements, the trustees are responslble for assessing the charltable company's
ability lo continue as a going concern, disclosing, as applicable, matters related to going concern and usSng
Ihe going concern basis of accounting unless the trustees either intend to liquidate the charltable company or
to cease operations, or have no realistic alternative but to do so.
Page 14

Report of the Independent Auditors to the Members of
Chorley Youth Zone
Our responslbllltles for the audit of the financlal statemenls
Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free
from material misslalement. whether due to fraud or error. and to issue a Report of Ihe Independent Auditors
Ihat includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an
audit conducted in accordance with ISAS (UK} will always detect a materlal misslatemenl when it exisls.
Misstatements can arise from fraud or error and are considered material If, individually or in the aggregate,
they could reasonably be expected to influence the economic decisions of users taken on the basis of these
financial statements.
The exlenl to which our procedures are capable of detecting irregularities, induding fraud Is detailed below:
Our approach to identifying and assessing the risks of material misstatement In respect of irregularities,
Including fraud and non-compliance with laws and regulations, was as follows..
the engagemenl partner ensured that the engagement team collectively had the approprlate
Gompetence, capabililies and skills to Identify or recognise non-compliance with applicable laws and
regulations.,
we identified the laws and regulations applicable to the company through discussions with dlrectors
and other management, and from our commercial knowledge and experience of the sector"
we focused on specific laws and regulations which we considered may have a direct malerial effect
on Ihe flnancia5 statements or the operations of the company. Including the Companies Act 2006,
taxation legislallon and dala protection, anti-bribery, employmenl. environmental and health and
safety legislation.,
we assessed the extent of compliance with the laws and regulalions identified above through maklng
enquiries of management and inspecting legal correspondence., and
identified laws and regulations were communicaled within the audlt team regularly and the team
remained alert to Instances of non-compliance throughout the audit.
We assessed the susceptlbillty of the companrfs financial statements to material misstalement, Includlng
oblaining an understandlng of how fraud might occur, by..
making enquiries of managemeni as to where Ihey considered there was susceptlbi1Sly lo fraud, their
knowledge of actual, suspected and alleged fraud., and
considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and
regulations.
To address the risk of fraud through management bias and override of controls, we..
performed analytical procedures to identify any unusual or unexpected relationships,. and
tested journal entrles lo identify unusual Iransactions.
In response to the rlsk of irregularities and non-compliance with laws and regulations, we designed procedures
which included. but were not limlted to-.
agreeing fi'nancial statement disclosures to underlying supporting documentation.
reading the minutes of meetings of those charged with governance.
enquiring of management as lo actual and polential litigation and claims., and
reviewing correspondence with HMRC. relevant regulators includlng the Health and Safely
Executive. and the company's legal advisors.
There are inherent limitatlons In our audil procedures described above. The more removed that laws and
regulations are from financial transactions, the less likely il is that we would become aware of non-compliance.
Auditing standards also limit the audit procedures required lo identify non-compliance with laws and regulations
to enquiry of the directors and other management and the inspection of regulatory and legal correspondence,
if any.
A further description of our responsibilities for Ihe audit of the financial statements is located on the Financial
Reporting Council's website al www.frc.org.ukJaudilorsresponsibilities. This description forms part of our
Report of Ihe I ndependent Audilors.
Page 15

Report of the Independent Auditors to the Members of
Chorley Youth Zone
Use of our report
This report is made solely lo the charilable company's members, as a body, in accordance with Chapter 3 of
Part 18 of the Companies Acl 2006. Our audit work has been undertaken so thal we rnight state to the
charitable company's members those matters we are required to state lo them in an audilors, report and for
no other purpose. To the fullest extent permitted by law. we do nol accept or assume responsibility lo anyone
other than the charilable company and the charitable company's members as a body, for our audit work, for
this report, or for the opinions we have formed.
Neil Mcmillan FCA (Senior Ststutory Auditor)
for and on behalf of Mcmillan & Co LLP
Chartered Accountants and
Statutory Auditor
28 Ealon Avenue
Matrix Office Park
Buckshaw Village
Chorley
Lancashire
PR7 7NA
Date,,
Page 16

Chorley Youth Zone
Statement of Financial Activities
(Incorporating an Income and Expenditure Account)
for the year ended 31 March 2024
2024
Total
funds
2023
Total
funds
Unrestrlcled
funds
Restricted
fund
Noles
INCOME AND ENDOWMENTS FROM
Donations and legacles
854,942
433.784
1,288.726
1.259,627
Charltable actlvltles
Youth Zone activities
Catering income
Facilities hire
21,251
32,569
5.239
21,251
32,569
42,486
24,491
36,418
46,590
37,247
Fundraising
Investment Income
Other Income
64,827
30,571
30,965
64,827
30,571
27,069
13,072
Total
1040 364
538 639
1,579 003
1453 785
EXPENDITURE ON
Raising funds
25,860
25,860
11.433
Charltable actlvltles
Youth Zone activities
1,064,578
562,464
1,627,042
1,551,487
Other
29
29
Total
1090,438
562 493
1652 931
1.562.920
Net galnsl(Ioss88) on Investments
34 595)
NET INCOMEI(EXPENDITURE)
Transfers belween funds
(48,393)
(23,854)
15567)
(72,247) (143,730)
18
Net movement In funds
132,826)
(39,421)
(72,247)
(143,730)
RECONCILIATION OF FUNDS
Total funds brought forward
1,027,607
4,146,989
5,174,596
5,318,326
TOTAL FUNDS CARRIED FORWARD
994,781
4,107 568
5 102 349
5.174,596
The notes form part of these financial statements
Page 17

Chorley Youth Zone
Balance Sheet
31 March 2024
2024
Total
funds
2023
Total
funds
Unrestricted
funds
Restricted
fund
Notes
FIXED ASSETS
T8nglble assets
Investments
13
14
4,251,193
4,251,193
450,076
4,341,252
438,824
450 076
450,076
4,251.193
4,701,269
4,780,076
CURRENT ASSETS
Stocks
Debtors
Cash al bank and In hand
15
16
2,706
47,495
821515
2.706
47,495
847,514
1,218
106,890
670 555
25,999
871,716
25,999
897,715
778,663
CREDITORS
Amounts falling due within one year
17
(327,0111
(169,624) (496,635> (384,143>
NET CURRENT ASSETS
143 625)
401,080
394 520
TOTAL ASSETS LESS CURRENT
LIABILITIES
994,781
4,107,568
5,102,349
5,174.596
NET ASSETS
994 781
4 107 568
5 102 349
5174596
FUNDS
Unrestricted funds
Restricted funds
18
994,781
4 107,568
q,027,607
4 146 989
TOTAL FUNDS
5 102,349
5174596
e financial stalemenls were approved by the Board of Trustees and authorised for issue on
i o.6.F.&.pL4)&LI and were signed on its behalf by:
Mallhew Currle - Trustee
The noles form part of these financial statements
Page 18

Chorley Youth Zone
Cash Flow Statement
for Ihe year ended 31 March 2024
2024
2023
Notes
Cash flows from operatlng actlvltles
Cash generated from operations
189.501
162,993
Net cash provided by operating activities
189 501
162,993
Cash flows from investing actlvltles
Purchase of tangible fixed assets
Purchase of fixed asset investments
Sale of tangible fixed assets
Interest received
Dividends received
(34,742)
(9,571)
1,200
17,850
12,721
(2,153)
{1,282)
3,800
Net cash (used in)Iprovided by invesllng aclivitles
12 542>
9.637
Change In cash and cash equlval8nts
In the reporting period
Cash and cash equlvalents at the
beglnnlng of the reportlng perlod
176,959
172,630
670 555
497 925
Cash and cash equlvalent8 al the end
of the reportlng perlod
847 514
670 555
The rK)tes form part of these financial statements
Page 19

Chorley Youth Zone
Notes to the Cash Flow Statement
for the year ended 31 March 2024
RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING
ACTIVITIES
2024
2023
Net expendlture for the reporting period (as per the Statement
of Flnanclal Actlvltles)
Adjustments for:
Depreclalion charges
{Gain)Ilosses on investments
Loss on disposal of fixed assets
Interest recelved
Dividends recelved
(Increase)Idecrease In stocks
Decrease in debtor5
Increase in creditors
(72,247>
{143,730)
123,572
(1,681)
29
(17,850)
(12,721)
(1,488)
59,395
112,492
121,774
34,595
{3,800)
{9,272)
504
43.787
119135
Nel cash provld•d by operatlons
189 501
162 993
ANALYSIS OF CHANGES IN NET FUNDS
At 114123
Cash flow
At 3113124
Net cash
Cash at bank and in hand
670 $55
176 959
847 614
670 555
176 959
847 514
Total
670 555
176,959
847 514
The notes form part of these financial statements
Page 20

Chorley Youth Zone
Notes to the Financlal Statements
for the year &ndod 31 March 2024
STATUTORY INFORMATION
Chorley Youth Zone Is a private company. limited by guarantee, incorporated in England & Wales and
has no share capilal. In the event of the charity being wound up, the liability in respect of the guarantee
is limited to £10 per member of the charity.
The registered number and regislered address can be found on the Company Information page.
ACCOUNTING POLICIES
Basls of preparing the financial statements
The financial statements of Ihe charitable company, whlch is a public benefit entity under FRS 102,
have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by
Charities: Statement of Recommended Practice applicable to charities preparing Iheir accounts in
accordance wilh the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland {FRS
102) (effective 1 January 2019),. Financial Reporting Standard 102 'The Financial Reporling Standard
applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial slatemenls
have been prepared under the historical cost convention, with the exception of Investments which are
Included at market value, as modified by the revaluah'on of certain assets.
The presentatlonal currency of Ihe charity is pound sterling {£) and the amounts in the financial
statements have been rounded to the nearest £1.
The flnanclal statements have been prepared on a going concern ba515. The Trustees have considered
the future fundSng posillon of Ihe charity. and the current reserves. They have prepared forecasts which
cover a period of 12 months from Ihe balance sheet date. which demonstrate that the Charity will
contlnue lo be able to pay it5 liabllllies as they fall due. A full description of the steps taken by Ihe Charity
is set out on p8ge 5 - Financially secure.
Incomg
All income is recognised in the Statement of Financlal Activities once the charity has enlitlement lo Ihe
funds. it is probable Ihat the income will be recelved and the amount can be measured reliably.
For donations to be recognised, the Charity will have been notified of the amounts and the selllement
date in writing. If there are conditions attached to the donation and this requires a level of performance
before enlitlemenl can be obtained, then income is deferred untll those condltions are fully mel or Ihe
fulf ilment of those conditions is wilhin the control of Ihe Charily and it is probable that Ihey will be fulfilled.
Income from cash and short term deposits. dividends and rental income Is accounted for on an accruals
basis.
Expendlture
Llabllilles are recognised as expenditure as soon as Ihere is a legal or constructlve obll9ation comml£tlng
the charlty to that expenditure, il is probable that a iransfer of economic benefits wlll be requlred in
settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on
an accruals basis and has been classified under headings that aggregate all cost related lo the category.
Where costs cannot be directly attributed to particular headings they have been allocaled to activities
on a basis consistent with the use of resources.
Charitable expenditure comprises those costs incurred by Ihe Charity in the delivery of its aclivities and
services. 11 includes both costs that can be allocated directly lo such aclivities and those costs of an
indirect nature necessary to support them.
Governance costs include those costs associated with meeting Ihe constitutional and slalutory
requirements of the Charily and indude Ihe audit fees and cosl5 linked with the strategic management
of the Charily.
Page 21
continued...

Chorley Youth Zone
Notes to the Financial Statements - continued
for the year ended 31 March 2024
ACCOUNTING POLICIES- contlnued
Investménls
The change in market value of investmenls during the year comprises all increases and decreases in
the market value of investmenls held at any time during the year. including profils and losses realised
on sales of investments during the year.
Quoted securities in active markets are valued al Ihe current bid prices at 31 March 2024, or at the
valualion date nearest to the year end.
Tanglble flxed assets
Depreciation is provided al the following annual rates in order to wrile off each asset over its estimaled
useful life.
Long leasehold
Planl and machinery
Fixtures and fitllngs
Motor vehicles
Computer equipment
Over the term of the lease
250k on reducing balance
330k on cost and 25 % on reducing balance
250h on reduclng balance
330h on cost
Flxed assets costing more than £250 are capltalised and included in the balance sheel al cost.
Depreclallon method5, useful lives and resldual values are revlewed if there is an indlcation of a
slgnffiflcant change slnce the last annual reportlng date.
Residual value is based on the prices prevailing at the date of acquisition or subsequent revaluallon.
Where, because ol high eslimaled residual values, depreciation is immaterial, no depreclatSon Is
charged but an annual revlew for impalrmenl is performed. Both residual values and useful lives are
reviewed and adjusted, if appropriate, at each financial year end.
The carrying amounts of the Charity's as8els are reviewed for impairment when events or Changes in
circumstances indicate that the carrying amount of the fixed asset may not be recoverable. If any
indication exists, Ihe assets recoverable amounl is estimated.
Stocks
Stocks are valued al the lower of cost and net realisable value, after making due allowance for obsolete
and slow moving items.
Taxallon
The charily is exempl from corporation tax on its charitable activities.
Fund accountlng
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the
Iruslees. Designated funds, which are a type of unrestricled fund, are funds which the Trustees have
set aside to be used for specific purposes al their discretion.
Reslricted funds can only be used for particular restricted purposes wilhin the objects of the charity.
Reslriclions arise when specified by the donor or when funds are raised for particular restricted
purposes.
The restricted fund relates lo the tangible fixed assets. As the assels are depreciated. Ihere Is a
movement from the unreslricted fund to the reslricted fund.
Penslon costs and other post-retlremenl beneflts
The charitable company operates a defined conlribution pension scheme. Contributions payable lo
Ihe charilable company's pension scheme are charged lo the Statement of Financial Activlties In the
period to which they relate.
Page 22
continued...

Chorley Youth Zone
Notes to the Financial Statements - continued
for the year ended 31 March 2024
ACCOUNTING POLICIES - contlnued
Debtors and ¢redltors recelvablelpayable wlthln one year
Debtors are Creditors with no stated inlerest rate and receivable or payable within one year are recorded
at transactlon price. Any losses arising from impairment are recognised as expenditure.
DONATIONS AND LEGACIES
2024
Total
funds
2023
Total
funds
Unrestricted
funds
Resiricied
funds
Donations
433,784
1,288,726
1,259 627
Donatlons
2024
Total
funds
2023
Total
funds
Unrestricted
funds
Restricted
funds
Chorley Councll
Founder Patrons
Grants and trusts
Others
Gift Aid
100.000
242,892
296,355
207.326
100,000
267,892
669,647
242,818
100,000
264,699
618,832
271,639
25.000
373.292
35,492
854,942
433,784
1288,726
259 628
FUNDRAISING
2024
Total
funds
2023
Total
funds
Unrestricted
funds
Restricted
funds
Other fundralsing
27,069
INVESTMENT INCOME
2024
Total
funds
2023
Total
funds
Unrestricted
funds
Restricted
funds
Dlvldends received
Deposit account Interest
12,721
12,721
17,850
9,272
Page 23
continued.

Chorley Youth Zone
Notes to the Financial Statements - continued
for the year ended 31 March 2024
INCOME FROM CHARITABLE ACTIVITIES
2024
2023
Activlty
Youth Zone activities
Catering income
Facilities hire
Young people
Calering income
Facilities hire
21,251
32,569
42,486
24,491
36,418
96,306
107,499
RAISING FUNDS
Ralslng donatlons and legacles
2024
Total
funds
2023
Total
funds
Unrestricted
funds
Restricted
funds
Fundraising costs
25.521
Other tradlng actlvltle8
2024
Total
funds
2023
Total
funds
Unrest￿cted
funds
Restricted
funds
Bad debts
339
339
Aggregate amounts
CHARITABLE ACTIVITIES COSTS
Support
costs (see
note 9)
Direct
Costs
Totals
Youth Zone activities
1620 475
1627 042
All charitable activity costs relate to Ihe operatron of Inspire. This is considered to be the only activity of
the charily.
Page 24
continued...

Chorley Youth Zone
Notes to the Financial Statements - continued
for the year ended 31 March 2024
SUPPORT COSTS
Governance
costs
Finance
Totals
Youth Zone activities
2,257
4,310
6.567
10.
NET INCOMEI(EXPENDITURE)
Net incomel{expenditure) is stated after chargingl(crediting1:
2024
2023
Audltors, remuner8tlon
Depreciation - owned assets
Deficit on disposal of fixed asset8
Investment broker fees
4,310
123,572
29
6.500
121,774
11. TRUSTEES. REMUNERATION AND BENEFrrs
There were no trustees, remuneration or other benefils for the year ended 31 March 2024 nor for the
year ended 31 March 2023.
Trusteos, expenses
There were no trustees, expenses paid for the year ended 31 March 2024 nor for the year ended
31 March 2023.
12. STAFF COSTS
2024
2023
Wages and sslaries
Soclal security costs
Other penslon costs
915,158
58,965
16,894
812.142
48.143
15.083
991 017
875 368
The average monthly number of employees during the year was as follows:
2024
103
2023
117
Staff
The number of employées whose employee benefits (excluding employer pension costs) exceeded
£60,000 was.,
2024
2023
£60,001- £70,000
The aggregate remuneration of the Key Management Personnel. comprising the Chief Executive, Office
and Administratlon Manager, Youth Work Manager and Volunteer & Training Manager, was £172,100,
a decrease from the previous year due to staff changes and restructuring (2023 £185,386).
Page 25
contlnued...

Chorley Youth Zone
Notes to the Financial Statements - continued
for the year ended 31 March 2024
13. TANGIBLE FIXED ASSETS
Fixtures
and
fitlings
Long
leasehold
Planl and
machinery
COST
At 1 April 2023
Additions
Disposals
4,725,580
10,486
125,636
9,767
At 31 March 2024
4,725,580
133 123
DEPRECIATION
At 1 April 2023
Charge for year
Eliminated on disposal
459,502
94,512
6,567
980
97,186
,717
At 31 March 2024
554 014
7,547
104 852
NET BOOK VALUE
At 31 March 2024
4 171 566
28,271
At 31 March 2023
4 266 078
28,450
Motor
vehicles
Computer
equipment
Tolals
COST
At 1 AprS12023
Additions
Disposals
51,570
26,590
24,975
4,939,862
34,742
Al 31 March 2024
51.570
51,565
4 972 324
DEPRECIATION
At 1 Aprll 2023
Charge for year
Eliminated on disposal
13,967
12.892
21,388
6,471
598,610
123,572
Al 31 March 2024
26,859
721131
NET BOOK VALUE
At 31 March 2024
24,711
23,706
4 251193
At 31 March 2023
37,603
5,202
4,341252
Page 26
conlinued.

Chorley Youth Zone
Notes to the Financial Statements - continued
for the year ended 31 March 2024
14. FIXED ASSET INVESTMENTS
Listed
Inveslments
MARKET VALUE
At 1 April 2023
Additions
438,824
9,571
At 31 March 2024
448 395
PROVISIONS
Revaluation adjustments
NET BOOK VALUE
At 31 March 2024
450 076
At 31 March 2023
438 824
There were no investment assets outside the UK.
Cosl or valuation at 31 March 2024 is represented by.,
Llsted
Investmants
Cost
448,395
15. STOCKS
2024
2023
Stocks
16.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Trade debtors
Prepayments and accrued income
33,370
63,840
43,050
47,495
106,890
Page 27
conlinued...

Chorley Youth Zone
Notes to the Financial Statements - continued
for the year ended 31 March 2024
17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Trade creditors
Social security and other taxes
Staff salaries
Accruals and deferred income
31,140
34,900
67,441
363,154
45,168
25,480
52,792
260,703
496,635
384,143
18, MOVEMENT IN FUNDS
Net
movement
in funds
Transfers
belween
funds
At 114123
At 3113124
Unrestricted fund8
General fund
Designated fund
588,783
438 824
(59,645)
15,567
544,705
450 076
1.027,607
{48,393)
15,567
994,781
Restrlcted funds
Restricted fund
4,146,989
{23,854)
(15,567)
4,107,568
TOTAL FUNDS
5 102 349
Net movement in funds, included in the above are as follows:
Incomlng
resources
Resources
expended
Gains and
losses
Movement
in funds
Unrestricted funds
General fund
Designated fund
1,027,643
(1.087,288)
{59,645)
1,040,364
(1,090,438)
1,681
(48,393)
Restrlcted funds
Restricled fund
538,639
(562,493)
123,854)
TOTAL FUNDS
72,247)
Page 28
conlinued...

Chorley Youth Zone
Notes to the Flnancial Statements - continued
for the year ended 31 March 2024
18.
MOVEMENT IN FUNDS- contlnued
Comparatives for movement in funds
Net
movemenl
in funds
Transfers
between
funds
At 114122
Al 3113123
Unrestrlcted funds
General fund
Designated fund
445.517
472.137
(70,941)
33,313)
214,207
588,783
438,824
917,654
{104,254)
214,207
1,027,607
Restrlctod funds
ReslriGted fund
4,400,672
{39,476) {214,207)
4,146,989
TOTAL FUNDS
5 318,326
143,730)
5,174,596
Comparallve net movement in funds, included in the above are as follows:
Incoming
resources
Resources
expended
Galns and
losses
Movement
in funds
Unrestrlcted funds
General fund
Deslgnated fund
1,144,165
9.272
(1,215,106)
7,990)
{70,941)
33313)
34 595)
1,153,437
(1,223,096)
(34,595)
(104,254)
Restrlcted funds
Restricted fund
300,348
(339,824)
(39,476)
TOTAL FUNDS
Transf6r8 between funds
The reslrlcted fund relates mainly lo Ihe lang1k￿e fixed assets. As these assets ar6 depreclaied there Is
an annual movement from Ihe unrestricted fund to the restricted fund. The remaining balance relates to
Ihe restricted projects ongoing at the year end.
19.
RELATED PARTY DISCLOSURES
Durin9 the year, the charily entered into the following transactions with related parlies..
£25,000 was received from CG Professional Ltd. a company in which Andrew Turner is a
director (2023.. £1,000)
£35,000 was received from The Eric Wright Charitable Trust. James Carter who Is a Iruslee
is a non-executive deputy chairman of the Eric Wright Group which is wholly owned by The
Eric Wright CharilableTrust (2023: £nil>
£25.000 was received from ESG Global Ltd, a company in which Matthew Hirst is a director
12023: £nil)
£8,240 was received from Woom Ltd. a company in which Neale Graham is a director (2023..
£nil)
Page 29
continued...

Chorley Youth Zone
Notes to the Financial Statements - contlnued
for the year ended 31 March 2024
19. RELATED PARTY DISCLOSURES - contlnued
£7,951 was recelved from family members of Ihe Board of Trustees {2023: £6,000)
£1,299 was recelved from family members of the key management team (2023.. £200)
20. RESTRICTED FUNDS
The funds of the charlty include restricled funds comprising the following unexpended balances of
donallons and grants held for specific purpose5:
Movement In fund8
Transfer
between
funds
Balance
31 March
2024
Balance 1
Aprll
2023
Incomlng
resource
Resources
expended
Electriclty NW and Off
the Grid
Prudence Trust
Nelwork Flred Up
Mentoring Project
Inspire Fired Up
Inspire in the Community
Reaching Communities
Detached Programme
Universal & Targeted
H&W
Burberry Foundation
Duchy of Lancaster
Lsncashire Breaktime
Onside Holiday Hunger
Hard Hitters
Adlington Satellite
Inspire a Generation
Onside Makers Zone
Detached Work Chorley
& South Ribble
Panthenon Trust
Clarion Young Leaders
Onside
Impacvsustainability
Fund
Duke of Edlnburgh
7,000
25,632
103,190
39,052
15,000
8,608
72,265
20,000
{7,OOOy
(18,4641
{103,1901
(36,6221
(15,0001
{1261
(71,3211
{18,107)
(7,168)
262
3,096
282
(5,526)
(8,482)
{944)
(1,893)
13,128
17,500
7.000
37.247
4,642
8.599
8.349
10.260
89,650
{13,376)
(8.312)
(3.120)
(30.115)
(3.372)
(7.430)
(9.576)
(10,260)
(33.973)
248
(9,188)
(3.880)
(7.132)
(1,270)
{1,169>
504
723
(29.940)
25,737
10,000
4,781
{9,382)
(3,410)
(618)
(1,371)
36.332
404
(36.332)
(404)
Tanglble fixed assets
Accruals and deferred
income
4,341.252
{123,601)
33,542
4,251,193
198,344)
28,720
169,624)
4.146.989
538.639
15,567
562.493) ￿ 4,107,568
The restricted funds are for parlicular projects specified by the donor as follows
Page 30
continued..

Chorley Youth Zone
Notes to the Flnanclal Statements- continued
for Ihe year ended 31 March 2024
20. RESTRICTED FUNDS - continued
Ele¢trl¢ity NW & Off the Grid
Funding via electricity North West to fund green'initiatives via "Off
the Grid" delivery
Prudence Trust
Funding via Onside for a range of Arts Projects across the year
Network I Inspire Fired Up
Co-ordlnation and management of Ihe Fired Up programme plus
the co-ordination and delivery of the Clay Club
Mentoring Project
This project matched volunteer mentors to young people requiring
support, usually with health and wellbeing issues. This project is
malch funded between Chorley Borough Council and NHSIClinical
Commissioning Group {CCG)
Reachlng Communltles Grant National Lotlery programme to fund work wilhin the communlly,
whether that is for people Ilving in the same area or people with
similar interests of life experiences
Detached programme
Funding from Chorley Borough Council to support Iwlce weekly
detached provision across the Borough
Unlversal and Targeted H&W Funding from NHSICCG lo cover emotional well-belng Gourses
EmpowHER and HIMpact throughout the year
Burberry Foundation
12 month Enterprise and Arts project to Include a Senlor project and
a Junior project
Duchy of Lancaster
Three year pledge of £5,OOOpa to 2023124. Contributing towards
Health and Wellbeing delivery and ¢o-ordinallon
Lancashlre Breaktlme Funding Funded by Lancashire Breakllme (LCC), this club provides pre-
bookable inclusion support for limiled numbers on Core sesslons,
designaled projects and closed inclusion sessions on Sundays
Culture of Health (Onside
H&W)
FurKling via Onside to support Health and Well Belng initiatives
Onslde Hollday Hunger
Funding via Onside for the provision of free meals
Hard Hilters
PPC funding towards Core Epic programme focussed on those al
risk or involved in AS81Youth Nuisance
Adllngton Salellite
Funded by Adlingion Town Council, Chorley Borough Council and
directed private donations and grants lo support weekly detached
sessions in Adllnglon
Inspire a Generation
Funded by England Basketball lo purchase speclalised wheelchairs
and to deliver wheelchair baskelball sessions April to Seplember
2023
Onside Makers Zone
STEM focused project that delivers digital and creatlve skllls to the
members. The project IS Sponsored by BAE and The Onside
Foundation
Detached Work Chorley & Funding received from Lancashire County Council lo research the
South Ribble
feasibility of establishing delached provision in Soulh Ribble
Page 31
continued...

Chorley Youth Zone
Notes to the Financial Statements - continued
for the year ended 31 March 2024
20.
RESTRICTED FUNDS - contlnued
Panthenon Trusl Foundatlon
Funding secured re inclu51on work with disabled children to ensure
that they gel the same opportunitles as other young people
Clarion Young Leaders
Funding from Clarion Futures to set up a Young Leaders
programme to plan and deliver social action projects and events
Onside Impacl I Suslainability Funding to support a step change in income generatlon and
Fund
sustalnability within Youth Zones by making grants to provide
pump-priming resources enabllng Youth Zones and Onside lo
invest In new, expanded or enhanced income generation and
aligned activlly
Duke of Edlnburgh
Fundlng from DCMS to break down the financial barriers 8nd
provide funded places or subsidies for young people from
marginallsed backgrounds to participale in the Duke of Edinburgh
Awards Scheme
21. DESIGNATED FUNDS
Designated funds rel8te to the investments held for the future refurblshment of Ihe building.
22. ULTIMATE CONTROLLING PARTY
There is no ultimate controlling party.
Page 34