REGISTERED COMPANY NUMBER: 09972518 (England and Wales) REGISTERED CHARITY NUMBER: 1167309 Report of the Trustees and Audited Financial Statements for the Year Ended 31 March 2025 for Chorley Youth Zone (A Company Limited by Guarantee) Mcmillan & 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 2025 Page Reference and Admlnlstratlve Detalls Report of the Trust8es 2 to 13 Report of the Independent Audltors 14 to 17 Statement of Flnanclal Actlvltles 18 Balanc& Sh@8t 19 Cash Flow Statement 20 Notes to the Cash Flow Statement 21 Notes to the Flnanclal Statements 22 to 36 Detalled Stalement of Flnanclal Actlvltles 37 to 38
Chorley Youth Zone Reference and Administrative Details for the year ended 31 March 2025 REGISTERED OFFICE Inspire Youth Zone Chapel Street Chorley United Kingdom PR7 1BS REGISTERED COMPANY NUMBER 09972518 (England and Wales) REGISTERED CHARITY NUMBER 1167309 AUDITORS Mcmillan & Co LLP Chartered Accountants and Statutory Auditor 28 Eaton Avenue Matrix Office Park Buckshaw Village Chorley Lancashire PR7 7NA BANKERS Handelsbanken 1 sl Floor Chalsworth House Ackhurst Park Chorley PR7 1NW INVESTMENT ADVISERS Rowan Dartington & Co Lld St James's Place House 1 Tetbury Road Cirencester Gloucestershire GL7 1FP Website hllp.'Il www.inspireyoulhzone.orgl Page I
Chorley Youth Zone Report of the Trustees for the year ended 31 March 2025 Chorley Youth Zone was incorporated on 27 January 2016 (Company registration number.. 09972518) as a compaTly limited by guarantee and registered as a Charity on 24 May 2016 (Charity registration number: 11673091 Tradlng name Inspire Directors and Trustees The Directors and Trustees of the Charily who served'during the period are= Matthew Hirst (Chair) Heather Aust David Barton Julia Bales Daniel Beaumont James Carter Paul Cook Matthew Currie Andrew Dunn Neale Graham James Morris Christopher Sinnott Andrew Turner Kara Wood resigned 16 January 2025 appointed 15 January 2025 appointed 15 January 2025 resigned 7 March 2025 appointed 15 January 2025 resigned 15 August 2024 appointed 3 August 2025 resigned 30 June 2024 appointed 15 January 2025 Jaines Carter acted as Interim Chair until Matthew Hirst was appoinled Chair on 1 January 2025. Chlef Executlve Janine Blylhe WHO ARE WE7 Chorley Youth Zone, named 'lnspire' by young people, is a purpose-built facility for the borough's young people aged 8-19, and up lo 25 for those with disabilities or special educational needs. The Youth Zone is located in the heart of the town, on the corner of Railway Street and Chapel Street, wilh easy access on foot and by bus. train and car. Inspire is part of a network of similar independenl youth organisations Ihat all share the same principles, developed by the Charity Onside (Charity registration number.. 1125893). Onside's mission is to empower young people lo lead positive, fulfilling lives by providing access to incredible spaces and exceptional youth work delivered by oulstanding people, where they are needed the most. Inspire offers annual membership for only £5 and 50p per visit. ensuring provision is affordable for all. It provides a safe environment where young people can spend their leisure lime. helping each young person to raise their aspirations, as well as improve their physical, and menlal heallh. There are up to 20 different activities available each night, including football, boxing, dancin9. climbing, creative art5, music, drama and employability training. Inspire follows the sustainable model used across the network, comprising of a unique partnership approach., drawing together the Local Aulhorily. private seclor business people, young people and the local community, This partnership approach aims to embed the Youth Zone in the community for the long term, whilst meeting the immediate needs of young people. Pag& 2
Chorley Youth Zone Report of the Trustees for the year ended 31 March 2025 OBJECTIVES AND ACTIVITIES Inspiro Objectives Inspire (Chorley Youth Zone)'s objects are to help and educate children and young people resident in Chorley and surrounding areas through their leisure time activities by promoling their full physical and spiritual potential in order that they may grow to full maturity as individuals and members of society and their orbditions of life may improve. Inspire's vision is that every young person in the Chorley Borough and surrounding areas has the opportunity lo grow up lo 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 gel the support they need, when they need il. Inspire Youth Zone opened its £4.8m. state-of-the-art youth facility in May 2018. Part of Ihe rapidly growing 'OnSide Network,, Inspire offers a huge range of activities and support that aims lo give young people sorrewhare lo go, something to do and someone to talk lo. We believe that all young people deserve a high- quality and inspirational place they can call their own, to make new friends, try new things. and get the support they need. We also believe this should be affordable to all, which is why annual membership Gosls jusl £5, and entry to access all facilities and activities, Is just 50p per visit. 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 with a disability), and also seeks to support the wider community, providing weekly 'family days, aimed not just at the siblings and families of members, bul also al the wider community. Adults are encouraged lo attend. as long as they are accompanied by a childl On these sessions the whole family are encouraged lo participate in activities together. Over the pasl year, we have further opened our doors to embed into the community launching "Inspire Invites" every Friday - our own take on community warm hubs. Rising from three attendees the first day we launched these sessions to now having over 100 regulars each week who come to us for free activities, food, and connection. Our Values In•plr(rtlonal'. Supportlve: we'ro here when noeded, Pfos•nl: vjè're èngagDd and 118tenlnH. whaV* posslbh. Inspire Actlvltles Inspire aims lo ensure that young people have the opportunity lo discover Iheir passion and their purpose. Wo do this by giving young people from diverse backgrounds access lo incredible facilities in a vibrant, purpose-built space packed with engaging activities, and the opporlunily to make friends, develop new skills, unlock their potential and have fun. Actlvltles Al Inspire, members can 'Be Inspired, to.. Be Honest - talk about what is going on for them. and sometime5 discuss how our behaviour impacts others, a place to give and receive help and support Be Crèative - in our wonderful art. craft and textiles space, trying new and amazing ways of self- expression Page 3
Chorley Youth Zone Report of the Trustees for the year ended 31 March 2025 Be Fil in the Inspire gym; high-end, friendly and accessible cardio. weights, free weights and circuits and box fit - just for members! Be Comfoitable - sometimes you jusl need a space that's a little quieter and chilled, where you can read, do homework, play board games (and LEGO)! Be Adventurous - wonderful climbing wall with qualified climbers (and a bit of healthy competition) Be Active 2 court sports hall and a programme of activities including basketball, netball, tennis, badminton, Fulsal, dodgeball and so much more Be Loud - drums. keyboard. guitar, band practice, radio stah'on, karaoke and lip sync battles and not forgetting the Inspire YouTube Channel Be Onside - football, louch rugby and other stuff - in our cix)I, state of the arl. basement pitch Be Dramatic street dance, drama games. musical theatre, cheerleading, tumbling and morris dancingl Be Transformed so much more than make-up. nails and hair, this is all about being the best version of YOU and practicing kindness. acceptance, tolerance, self-esteem, self-confidence and learning how to be safe in a modern, digital world and get advice and guidance about relationships, family and friendships (age appropriate). Makers Zone - developed in 2023124 the Makers Zone allows for the development of codlng skills, 3D printing, laser printing, technical Crafts and making in general. with an enterprise focus helping to develop skills and creativity for the futurel Be Tasty - in the Inspire Teaching kitchen. learning essential life skills to prepare for adulthood Be Refuelled - food, it's importanl. The cafe provides hol and healthy home cooked meals from just £1 affordable for everyone Be Social - in the Inspire Recreation Area. the beating heart of the Youth Zone, pool, darts, ping pong, silly games, play slation battles, dancing and sing offs and a place to relax with fiiends Inspire also provides targeted holiday and food activity clubs during the school holidays, focused on young P8ople with disabilities and young people in receipt of free school meals or who are otheiSe vulnerable. Inspire's offer is about far more than just surface level activities though. We offer a future. From climbing lo coding, music lo mindfulness, art to fitness - everything we do is led by Youth Workers who do so much more than run sessions. They become trusted adults, positive role models, and the support system many young people have never had. They sland shoulder to shoulder with young people through their struggles in school, at home, or with mental health. They leach real life skills. boost confidence, and help young people see a future they've never even imagined for themselves. Page 4
Chorley Youth Zone Report of the Trustees lor the year ended 31 March 2025 OBJECTIVES AND ACTIVITIES Progress agalnst 5 year strategy The focus duTing the 2024125 financial year has conts-nued to be an incremental return to 'business as usual, following several years of significant disruption. As expected, we have seen the knock-on impact of the pandemic and subsequent cosl of living crisis. continuing to affect children, young people and their families. Social, emotional and physical development continues to be affected, impacting confidence, achievement. health and resilience. Increasing cost of living and food prices continues to affect our poorest families, causing food poverty and again, knock on heallh issues. That said. this year has been very slrong in terms of performance with numbers of young people supported and the number of engagements back to pre- pandemic levels. Fiscal uncertainty, the continuing impact of Brexit, rising interest rates and political uncertainty has mad8 fundraising difficult over the last 12 months especially when such a large proportion of income comes from local private sector businesses. In the final year of this strategy period, our overall priorities have remained, but with an additional focus on governanG@, planned refreshment of the Trustee Board, and planning for the next strategy period. To be financially secure with positive cashflow and robust financial management processes For Inspire lo be the number one destination for the young people of Chorley To be a safe and inspiring place for people lo work and young people to enjoy To Taise awareness and impact of Inspire as a flagship local charity and secure financial support Irom the business and local community 54.035 3047 12.534 9522 1498 ACTtVll IE¥ 'KkC.11 ITA Tfts LSSIL>14ts ULLIVLItL LNtyA£•LMENI' Flnanclally secure 2024125 continued to present significant challenges auoss the charity sector and Inspire was no exception. Despite a resilienl approach. the external fundraising environment remained volatile, shaped by ongoing economic uncertainly and shifting donor priorilies. Philanthropic giving, corporate partnerships, and community fundraising remain central pillars of Inspire's fundraising strategy. However, the year saw notable setbacks, including the withdrawal of support from two major donors due to instability and changes within their respective businesses. While our stewardship efforts remained strong and helped relain most existing supporter5. the ability to secure new, mulliyear commilmenls. a cornerstone of our long-term fundraising model, proved particularly difficult, resulting in significant underperformance in this area. Investments have not performed as well as hoped. but the Board continues to keep Ihis, and the investment strategy, under constant review with the aim of maximising Ihe return on this investment for the long-term security of the charity. On a niore positive note. grant and contract iticome perfomied in line with expectations, providing a stable and reliable foundation upon which other fundraising activities could be buill. This conslstency has been vital in maintaining core service delivery and 5UPPOrting our broader mission during a challenging financial year. Page 5
Chorley Youth Zone Report of the Trustees for the year ended 31 March 2025 OBJECTIVES AND ACTIVITIES Inspire applied for, and secured. a contract with Cadent on behalf of the Onside Network. The Gontract is focussed on supporling vulnerable families and individuals, especially those at risk of energy poverty. While the contract is significant at over £1million over 2 years. in effect, the vast majority of this funding is dispersed across the Youlh Zone nelwork to 10 other Youth Zones. Inspire effectively acts as a contract manager for this fund. Looking ahead. Inspire remains committed to strengthening its fundraising resilience, diversifying income slreams, and deepening relationships with supporters to ensure long-term sustainability. Despite the challenges faced in the year, Inspire has continued to manage it's financial resources with care and discipline. Close managemenl of expenditure, robust financial policies, and a clear long-term investment slralegy have underpinned our approach to sustainabilily. A key Gomponenl of thls strategy is the development of a designated sinking fund. established lo support the plannad refurbishment of our building in the coming years. This forward-looking measure reflects our commitment lo maintaining and enhancing our premises while safeguarding the Gharity's future. Number One Desttnatlon for Chlldren and Young People Consultation with partners has seen Inspire do more in Ihe communily over the last year with detached youth work largeling some of the most deprived areas in the borou9h and using our 'Scran Van, to ensure access lo food for young people in the community, especially in the school holidays. In addition, this year has seen the continuation of delivering intervenlion5 in both primary and secondary schools, to help support education outcomes by focusing on health and wellbeing prevention and early intervention programmes with primary aged children and attendance, anxiety and behaviour support in high schools. This co-ordinated approach is aimed al preventing the escalation of issues that may impact on health and wellbeing and also school attendance and lo help schools to 'wrap supporl, around ¢hildren and young people at rlsk. As a result of the level and complexity of safeguarding issues presented, Inspire has invested in a Targeted Seivices Manager role that will also act as Designated Safeguarding Lead and key coordinator, focused on quality, improving reporting and management of safeguarding reporting as well as enabling Inspire lo be more proactlve in supporting young people and partners. In this financial year, Inspire has supported well over 3.000 young people, and over 54,000 engagements, exceeding the largels for the year. Over 3.000 young people supported. 54,000 engagements Page 6
Chorley Youth Zone Report of the Trustees for the year ended 31 March 2025 OBJECTIVES AND ACTIVITIES A safe and inspiring place Inspire continues to prioritise the safely, wellbeing. and development of everyone who engages with our sèrvices. We lake our responsibilities around heallh and safely and safeguarding extremely seriously, and this year we have continued to make further investments in training, systems, workflows and staffing strLlCture to support effective case management and escalation. Our safeguarding approach is strengthened through close collaboration with schools, early intervention Seices, and other partners working with children and young people across the borough. Our vision and values are now deéply embedded in all inlernal processes which are reviewed annually lo ensure continued relevance and effectiveness. We place high importance on Iraining and support of our team, recognising that a well equipped workforce is 8sseniial to delivering safe and impactful setvices. Ithilst Inspire continues to benefit from high levels of staff commitment, turnover remains higher than ideal, pariicularly among part lime and sessional staff This trend mirrors patterns seen in allied sectors such as education, leisure, health, and social care. and appears to reflect broader labouf market challenges rather than organisational factors. We are proud to have exceeded National Minimum Wage standards again Ihis year and remain committed to paying the National Living Wage wherever possible. This reflocts the value we place on our team and our appreciation of the vital work they do. Encouragingly, we are also starting to see growth in both the quality and quanlily of volunteering which is a posilive indicator of community engagement and support. I nsplre . A Ilagship local Charlty Since opening in 2018, Inspire has supported over 12.000 local young people, makin9 a significant and lasting impact on children. families. and the wider community. Wilh an average of over 1,000 engagements a week, we are constantly looking for ways lo exlend our reach even furfher. Our weekly community day, known locally as 'lnspire Invites. has gone from strength lo strenglh. A 'Warm Hub, for the local community. this has become a mainstay of local provision as we work closely with local Partners and the Social Prescribing Service lo provide a valuable service aimed at combating loneliness, encouraging connections and promoting mental and physical wellbeing for adulls. Sponsored by our key partner Cadent, this initiative transforms our building inlo a vibrant community cenlre with services including cooking on a budget, energy advice, carbon monoxide safety, and energy efficiency guidance, helping lo address practical needs while fostering connection and wellbeing. Page 7
Chorley Youth Zone Report of the Trustees for the year ended 31 March 2025 OBJECTIVES AND ACTIVITIES Located between two of the most deprived areas in Chorley, Inspire is uniquely placed to offer accessible stjppoil to those who need il most. This initiative is helping to combat loneliness. improve mental health, and build a slrongèr, more resilient communily. Raising Inspire's profile in the local community remains a priority, helping us to reach and support young people wherever they are and encouraging a whole community response. The return of communily-led events marks the beginning of a renewed effort to engage local people in not Just being aware of Inspire's mission, bul supporting it. These events not only help raise essential funds but also play a vilal role in raising the charity's profile within the community and among local businesses the more people we can talk to and engage in conversation. the more we can spread the word of our funding model, our impact and how our Gommunily can help to ensure our survival. As a stlll relalively young charity, Inspire recognises the importance of building visibility and securing high- profile support. We are committed lo growing our presence and slrengthening relationships with supporters so we can both utilise them as a platform lo help spread our messaging and inform, and ullimalely to ansure we can continue delivering high-quality seivices for children, young people, and families across the borough. Achlevements durlng the year Over the past year, we have worked hard lo raise Inspire Youth Zone's profile and cement our position as a flagship local charity. Our team and young people have allended a wide range of community events from the Chorley Flower Show and Adlington Carnival to school fairs and local celebrations - meeting new people, sharing our mission, and inspiring others to get involved. A key achievement has been the growth of our Community Ambassadors programme. These young people have represented us not jusl at a local level. but at a national level too. They confidently attend events, speaking first-hand about how Inspire has impacted Iheir lives. encouraging others to join, and demonstrating the real value of supporting us. We have also created plalfonns for young people lo showcase theii talents skills Ihey have developed and the confidence Ihey have gained through Inspire. From performing at Chorley Live to taking Ihe stage at the Chiislmas Light Switch On, these moments challenge misconceptions that Youth Zones are "just for naughty kids" and instead highlight that we are a vibranl. inclusive space for all young people. Every public appearance, pertormance, and conversation has strengthened our reputation, influenced percaptions, and helped ensure that Inspire Youth Zone is recognised as a vilal, posilive force at the heart of the community. Page 8
Chorley Youth Zone Report of the Trustees for the year ended 31 March 2025 OBJECTIVES AND ACTIVITIES Public beneflt The Trustees of Chorley Youth Zone believe Ihey have complied with the duly in section 17 of the Charities Act 2011 to hava due regard to the public benefit guidance published by tha Charity Commission Inspire Youth Zone is a safe, welcoming Spa where young people (aged 8-19 and up to 25 with additional needs) can just be Ihemselves, try new things. make friends, and feel supporled, no malter their background or circumstances. Membership is just £5 8 year and sessions cost only 50p. And if even that is too much, we'll cover it - no questions asked. With over 20 activities every night and incredible facilities like a climbing wall. gym, music room, Makers Zone, dance sludio. art space, sporls hall and football pitch there really is something for everyone. W8 even serve hot meals for £1, or free if needed, because no young person should ever go hungry. We're here to level the playing field, build confidence, leach life skills. and offer real support to help young people thrive This is more than a youth club - this is their space lo grow. feel heard, and belong. Fundralslng Statement The Trustees have given due consideration lo Charity Commission published guidance on the operation of thè public benefit requirement and are satisfied that Ihis requirement is met by carrying out the activities 85 described in this report STRATEGIC REPORT FINANCIAL REVIEW Financlal posltlon Donalions and legacie5 for Ihe year were £1,818,539 (2024:'£1,288.726), a significant number of which were grants for new projects undertaken during the year. The associated costs for these new projects also meant that expenditure increased, leaving a nel defbcil for the year of £128,851 (2024: £72,247). The value of our investments fell slightly during the year. but these are held for the longer term and our view 15 that Iheir value will conlinue to increase in the future as markets recover from the current economi climate. The cash balances as at 31 March 2025 were £705,492 (2024: £847.514) and the closing net assets were £4,973,498 {2024'. £5.102,349). Priiicipal f u nding sources Inspire raises funds by approaching businesses and philanthropic individuals who have an interest in SUPPOfting young people. We also apply for grants from Trusts that have the same interest. The charity is regislered with the Fundraising Regulator and complies fully with its code of conduct. Primarily we work with people who have been introduced to our cause on a one-t¢>one basis and all fundraising activities are monitored by the Chief Executive. During the period the charity received no complaints regarding its fundraising activities. The charity does not door-to-door street fundraise so doe5 not come into contact with vulnerable or other people who may feel inlruded upon, unreasonably persistently approached or have had undue pressure placed upon them. Page 9
Chorley Youth Zone Report of the Trustees for the year ended 31 March 2025 STRATEGIC REPORT Flnanclal review Investment policy and objectlves The charity continues to monitor its investments and investment policy in the light of world events. During this period Inspire has continued its investments with funds not immediately required for operational delivery, bul for known future cosls related to the building and its contents (sinking fund). The charity continues to critically review both its income generation strategy and expenditure to ensure it continues to perform well, taking full advantage of funding opportunilies, securing philanthropic and business support and generating income while ensuring high qualily and cost*ffective delivery. A full review of expenditure has been undertaken for the following year (2025126) ensuring that staffing levels remain optimal and that Ihe charity secures best value for seNices wherever possible. The cash exponditure of the charity is closely monitored by the executive team. along with the Board's Finance Committee. As wilh many charities of this nature, there are significant funding pressures and securing sufficient levels of funding in-year will be a challenge. However, whilst It is never possible to be ceilain concerning future events, the Trustees consider that Ihe steps they have taken are sufficient lo maintain the financial affairs of the charity adequalely to enable it to conlinue ils activities at the current scale. Reserves policy The Board of Trustees has established a res8N8s policy which appropriately reflects the risks lo which the Charity is exposed. In reviewing the potential costs that could arise should a significant reduction in income be incurred, the Trustees hav6 determined that unieslricted, 'free' reserves should be mainlained at a minimum of 3 months (with a largel to gradually feach 6 months free reserves). Total unreslricled reserves at the end of the period were £938,523 (2024.. £994,781). Operating costs in Ihe coming year are estim81ed lo be around £150k per month, reflecting an increase in Ihe number of projects and corslracts being delivered Ihroughout the year. This dictates a minimum free r8serve level of three months at £450k for 202512026 with a target lo retain 4 months (£600kl for this purpose. The amount of free reserves is calculated and reviewed on a monthly b8SlS to ensure compliance, with any vaiiance being reported to the Board. The reserves policy does nol consider expenditure which is linked to restricted projects and therefore covered by reslricled funds. Given the uncertainty related lo fundraising capability in the coming year the board agreed to a deficit budget for the coming year, anticipatir¢g that approximately £125k of this year's reserves may be required in year to enable Ihe full service to continue to be delivered. The Trustees manage the Youth Zone's finances so that an adequate level of reserves and sinklng fund can be maintained in compliance with this policy. Flnanclal aiid risk management objectlves and policlès The board fully accepts its responsibilities under Ihe Charity Commission's statemenl of Recommended Practice ISORP). The Trustees have considered the major risks to which the charily is exposed and are commilled lo ensuring these are effectively managed. The Chief Executive and senior managers have undertaken comprehensive risk assessment and established risk registers fiom a business and opefational perspective and have established risk management and control procedures which are reviewed regularly by the board. Page 10
Chorley Youth Zone Report of the Trustees lor the year ended 31 March 2025 STRATEGIC REPORT Future plans Inspire is constanlly evolving to meet the needs of the local communrty, within the context and objects of the charity. The team has developed a new strategy covering the next 3-5 years, complemented by a Business Plan and are currently developing a 'Culture Deck, lo sit alongside this. The strategy includes five key priorities that reflect the ambilion of the organisation over the next three years. P*IOftITYJ NURTupiiioixe£u£N¢E WtsR¥FOICE PIIOFIts.' IMCRE•SIMGIMD IMqEOOINO RestriGted funds and delivery contracts £4,034,975 12024.. £4,107,568) will be Garried forward into 2025126 for restricted projects (see note 21). Robust communication will be priorilised lo ensure that Inspire continues lo be able to meet is obligations for any current contracts or agreements. We have excellenl relalionships with funders and will work with 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 constitutes a limited company, Ilmited by guarantee, as defined by the Companies Acl 2006. Inspire, Chorley Youth Zone is a company limited by guaranlee and is 9overned by ils Memorandum and Articles of Association dated 27 January 2016. It is a Charity registered with the Charity Commission on 24 May 2016. In the evenl of the Company winding-up, the members have guaranteed the liabililies of the Company to the sum not exceeding £10 each. Recruitment and appointment of new trustees The first Directors were the subscribers lo the memorandum as notified to Companies House as the first Directors of the Charity. A person appointed as a Direclor thereupon becomes a Member of the Charity and a Direcloi who ceases to hold office for any reason thereupon ceases to be a Member ofthe Charity. The Directors have power to appoint, by ordinary resolLJtion, any person to be a Director who is willing to acl as such. A person appointed as a Director is also appointed, and registered with the Charity Commission, as a Trustee. The nLimber of Direclors should not be less than three and there is no maximum. At the first Annual General Meeting all Direclors must retire and seek re-election. Dirèctors each commit to 1 year initially, after which a review is undertaken. If both parties are willing the Director. Ihen commits to a minimum 3 year term. A Director can commit to a further 3 year lerm (7 years maximum). In exlenuating circumstances the Board may request a Director lo stay for a third and final term, subject to the needs of the Charity. Each Director undeilakes an annual reviewlevaluation with the Chair to assess performance and to review plans for continuing in their role or slepping away and successK)n planning. The Members of the Charity are its Directors for the time being and the only persons eligible lo be Members of the Charity are its Directors_ Page 11
Chorley Youth Zone Report of the Trustees for the year endèd 31 March 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure Inspire (Chorley Youth Zone) is governed by its Trustee Board which is responsible for setting the strategic diroclion of the organisalion and the policy of the Charity. The Trustees carry the ultimate responsibility for the conduct of Chorley Youlh Zone and for ensuring Ihal the Charity satisfies its legal and contractual obligations. The Trustees may delegate the implementation of their decisions or day-to-day management of Ihe affairs of the Charity to any employee of Ihe Charity, person or committee as they think fit. Any committee must include at leasl one Trustee. Inspire has a number of sub-groups of the Board including Health and Safelyl Premises, Safeguarding, HR and Remuneration and Income Generation. All groups include al least one board memberllrustee alongside the operational counterparts. Actions required may be delegated by the board memberllrustee at their discretion. A Chief Executive Officer, appointed by tho Board. manages the day to day operations. To facilitate effective operations the Chief Executive has delegated authority as approved by the Board lor all operational matters includin9 finance, human resources and operational delivery. The board approves the strategic plan and annual Business plan and sGrulinises business performance including financial performance as well as providlng advice to the Chief Executive on operational matters of performance. The pay of the Chief Executive Officer is reviewed annually by Ihe Remuneration sub-commillee. benchmaiking salaries against Ihose of similar Youth Zones within the Onside Youth Zone Network and sector. Inductlon and tralning of new trustees Newly appointed Iruslees are provided with comprehensive induction to Inspire Youlh Zone's provision, including key information about the organisation's development, governance and safeguarding. STATEMENT OF TRUSTEES. RESPONSIBILITIES The trustees (who are also the directors of ChoTley Youth Zone for the purposes of company law) are responsible for preparing the Report of the Trustees and Ihe financial slalemenls in accordance with applicable law and Uniled Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting PractlC8). Company law requires the trustees to piepare financial statements for each financial year which give a true and fair view of the slate of affairs of the charilable company and of the incoming resources and application of resources. including the income and expenditure, of the chaTilable company for that period. In prepafing those financial statements, Ihe trustees are required lo select suitable accounting policies and then apply them consislently., observe the methods and principles in the Charity SORP.. make judgements and estimates thal are reasonable and prudent: prepare the financial statements on the going concern basis unless it is inappropriale to presume that the charitable company will continue in business. The Irustees are responsible for keeping proper accounting records which disclose with reasonable accuracy al any time Ihe financial position of the charitable company and lo enable them to ensure that the financial statemenls comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for laking reasonable steps for the prevention and detection of fraud and olher irregularities. In so far as the trustees are aware.. there is no relevant audit information ofwhich the charitable company's auditors are unaware., and the Iruslees have taken all steps that they oughl to have taken to make Ihemselves aware of any relevant audit information and to eslablish that the auditors are aware of that information. Page 12
Chorley Youth Zone Report of the Trustees for the year ended 31 March 2025 AUDITORS The audilors, Mcmillan & Co LLP, will be proposed for re-appointment at the forlhcoming Annual General Meeting. Report of the trustees, incorporating a slralegic report, approved by order of the board of trustees, as the company directors. on 21 October 2025 and signed on the board's behalf by.. Mallhew Currie - Trustee Page 13
Report of the Independent Auditors to the Members of Chorley Youth Zone Opinion We have audited the fi'nancial stalements of Chorley Youth Zone (the 'charitable company,) for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes lo the financial statements. includin9 a summary of significant accounling policies. The financial reporting framework that has been applied in Iheir preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial stalemenls.. give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of its incoming resources and applicalion of resources. including ils income and expenditure, for the year then ended.. have been properly prepared in accordance with United Kingdom Generally Accepted AcGounting Practice, and have been prepared in accordance with the requirements of the Companies Act 2006. Bas Is for opinion We conducted our audil in accordance with International Standards on Audiling (UK) {ISAs (UK)) and applicable law. OUT responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements Ihal are relevant to our audit of the financial slalemenls in the UK. including the FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilities in accordance wilh Ihese requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Concluslons relatlng to going concern In auditing the financial slalemenls, 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 not idenlified any material uncertainties relating lo events or conditions that, individually or collectively, may cast significant doubl on the charitable company's ability to continue as a going concern for a period of al least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Iruslees with respecl to going concern are described in the relevant sections of this report. Other informatlon The trustees are responsible for the olhei information. The other information comprises the Information included in the Annual Report, olher than the financial stalements and our Report of the Independent Auditors ther&on. Our opinion on the financial statemenls does not COV8r the other infonnatlon and, except to the extent otherwise explicitly staled in our report, we do nol express any form of assurance conclusion Ihereon. In connection with our audit of Ihe financial statements, our responsibility is to read the other information and, in doing so, Gonsider whether Ihe other information is malerially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be malerially misslated. If we identify such material inconsistencies or apparent material misstatements. we are required lo determine whether this gives rise to a material misstatement in the financi81 statements themselve5. If, based on the work w8 have performed, we conclude that there is a material misstatement of this other information. we are required to report thal fact. We have nothing to report in this regard. Opinlons on other matters prescrlbed by the Companies Act 2006 In our opinion. based on the work undertaken in the course of the audit= the information given in the Report of Ihe Trustees for the financial year for which Ihe financial statements are prepared is consistent with the financial statements., and the Report of Ihe Trustees has been prepared in accordance with applicable legal requirements. Page 14
Report of the Independent Auditors to the Members of Chorley Youth Zone Matters on which we are required to report by exception In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audil, we have not identified material misstatements in the Report of the Trustees. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report lo you if, in our opinion.. adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us., or the financial statements are not in agreament with the accounting records and returns., or certain disclosures of trustees, remuneration specified by law are nol made.. or we have not received all the information and explanations we require for our audit. Responsibilities of triistees As explained more fully in the Statement of Trustees, Responsibilities, the Iruslees (who are also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement. whether due to fraud or error. In preparing the financial slatemenls, the Iruslees are responsible for assessing the charitable company's abilily to continue as a going concern, disclosing, as applicable. malters related lo going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charilable company or to cease operations, or have no realistic allemalive but to do so. Page 15
Report of the Independent Auditors to the Members of Chorley Youth Zone Our responslblllties for the audit of the financlal statement5 Our obieclives are lo obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement. whelher due to fraud or error. and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISA5 (UK) will always delect a material mi5slatemenl when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in Ihe aggregate, they could reasonably be expected to influenGe the economic decisions of users taken on the basis of these financial statements. Our approach to identifying and assessing the risks of material misstatement in respecl of irregularities, including fraud and non-compliance with laws and regulations, was as follows= thè engag@menl partner ensured that the engagement leam collectively had the appropriate competence, capabilities 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 directors and other management, and from our commercial knoedge and experience of the sector; we focused on specific laws and regulations which we considered may have a direct material effect on Ihe financial statements or the operations of the company, including the Companies Act 2006, taxation legislation anrj data protection. anti-bribery, employment, environmental and health and safety legislation,, we assessed the extent of compliance with the laws and Tegulalions identified above through making enquiries of management and inspecting legal correspondence; and identified laws and regulations were Gommunicalod wilhin the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. We assessed th8 suscepiibility of the company's financial statements to material misstatement, Including obtaining an understanding of how fraud might occur. by.. making enquiries of management as lo where they considered there was susceptibility to fraud, their knowledge of actual. suspected and alleged fraud; and considering the internal controls in place lo 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 procedur8S to identify any unusual or unexpected relalionships., and tested journal entries to identify unusual Iransactions. In I'e5ponse to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, bul were not limited to.. agreeirig financial statement disclosures to underlying supporting documenlation., reading the minutes of meetings of those charged with governance; enquiring of management as to actual and potenlial litigation and claims., and reviewing correspondence wilh HMRC, relevant regulators including the Health and Safety Executive, and the company's legal advisors. There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial Iransactions, the less likely il is that we would become aware of non- compliance. Auditing standards also limit the audit proceduies required to identify non-compliance with laws and regulations to enquiry of the directors and olher management and the inspection of regulatory and legal correspondence, if any. A furthèr description of our responsibililies for Ihe audit of the financial slatements is located on the Financial Reporting Council's website at ww.frc.org.uklauditorsresponsibilities. This description forms part of our Reporl oflhe Independent Auditors. Page 16
Report of the Independent Auditors to the Members of Chorley Youth Zone Use of our report This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might stale to the charitable company's members Ihose mallers we are required to state to them in an auditors, report and for no other purpose. To the fullest extent permilled by law. we do not accept or assume responsibility to anyoiie other than the charitable company and Ihe charitable company's members as a body, for our audit work, for Ihis report, or for the opinions we have formed. Neil Mcmillan FCA (Senior Slatulory Auditor) for and on behalf of Mcmillan & Co LLP Chartered Accountants and Statutory Auditor 28 Eaton Avenue Malrix Office Paik Buckshaw Village Chorley Lancashire PR7 7NA Dale. 21 October 2025 Page 17
Chorley Youth Zone Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the year ended 31 March 2025 2025 Total funds 2024 Total funds Unrestricted funds Restricted fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 762,774 1,055,765 1,818,539 1,288,726 Charltable activlties Youth Zone activities Catering income Facilities hire 31,660 32,063 21,587 298 31,958 32,063 57,229 21,251 32,569 42,486 35,642 Fundraising Iiiveslment income Other income 101,377 38,552 101,377 38,552 64.827 30,571 98,573 Total 992,801 1 091,705 2 084 506 1,579,003 EXPENDITURE ON Raisiiig funds 21.100 21,100 25,860 Charltable actlvltles YoLilh Zone activities 1,023,307 1,153,429 2,176,736 1,627,042 Other 29 Total 1.044,407 1 153429 2 197 836 1652 931 Nel gainsl{losses} on investments 16 521) 15 521) 1,681 NET IhlCOMEI(EXPENDITUREI Transfers between funds (67,127) 10,869 161,724) 10 869) {128,8511 (72,247) 21 Net movement In funds {56,258) (72,5931 1128.851) (72,247) RECONCILIATION OF FUNDS Total funds brought fomard 994,781 4,107,568 5,102,349 5,174,596 TOTAL FUNDS CARRIED FORWARD 938,523 4,034 975 4 973,498 5,102,349 The notes form part of these financial statements Page 18
Chorley Youth Zone Balance Sheet 31 March 2025 2025 Total funds 2024 Total funds Unrestricted funds Restricted fund Noles FIXED ASSETS Tangible assets Investments 4,131,920 4,131,920 439,844 4,251,193 450,076 16 439,844 439,844 4,131,920 4,571,764 4,701,269 CURRENT ASSETS Slocl(s Debtors Cash at bank and in hand 17 18 2,669 47.704 677,534 2,659 47,704 705,492 2,706 47,495 847,514 27,958 727,897 27,958 755,856 897,715 CREDITORS Amounts falling due within one year 19 {229,218} 1124,903) {354.121) (496,635) NET CURRENT ASSETS 498 679 96,9451 401,734 401080 TOTAL ASSETS LESS CURRENT LIABILITI ES 938,523 4,034,975 4,973,498 5,102,349 NET ASSETS 938,523 4,034 975 4 973 498 5,102,349 FUNDS Unreslricled funds Reslricled funds 21 938,523 4 034,975 994,781 4 107 568 TOTAL FUNDS 4 973 498 5 102 349 The financial statements were approved by the Board of Trustees and authorised for issue on 21 October 2025 and were signed on its behalf by.. Matthew Currie - Trustee The notes form part of these financial statements Page 19
Chorley Youth Zone Cash Flow Statement for the year ended 31 March 2025 2025 2024 Notes Cash flows from operatlng activltles Cash generated from operations 172,848) 189,501 Nel cash (used in)Iprovidad by operating activities 172,848) 189.501 Casli f lows from investlng activities Purchase of tangible fixed assets Purchase of fixed asset investments Sale of tangible fixed assets Sale of fixed asset inveslmenls Interest received Dividends received 19,077) 15,289) (34,742} {9,571) 1,200 ,640 27,280 17,850 12,721 Net cash provided byl{used in) investing activities 12,5421 Change In cash and cash equlvalents in the reporting perlod Cash and cash equlvalents at the bgglnning of the reportlng period (142,022) 176,959 847 514 670 555 Cash and cash equlvalènts at Ihe end of the reportlng period 705 492 847 514 The notes form part of Ihese financial statements Page 20
Chorley Youth Zone Notes to the Cash Flow Statement for the year ended 31 March 2025 RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES 2025 2024 Net expendlture for the reportlng period {a5 per the Statement of FinancSal Activities) Adjustments for.. Depreciation charges Lossesllgainl on investments Loss on disposal of fixed assets Interest received Dividends received Decreasel(increase) in stocks (Iiicrease)Idecrease in debtors (Decrease)lincrease in credilors (128,851) {72,247) 128,350 8,881 123,572 (1,681) 29 (17,850) (12,7211 11,4881 59.395 112.492 127,280) (11,272) 47 1209) 142,514 Net cash (used Inllprovlded by operatlons 172,848) 189501 ANALYSIS OF CHANGES IN NET FUNDS Al 114124 Cash flow At 3113126 Net cash Cash at bank and in hand 847.514 142,022 705 492 847 514 142 022) 705,492 Total 847.514 142 0221 705 492 The noles fom) parl of Ihese financial statements Page 21
Chorley Youth Zone Notes to the Financial Statements for the year ended 31 March 2025 STATUTORY INFORMATION Chorley Youth Zone is a private company. limited by guarantee, incorporated in England & Wales and has no share capital. In the event of the charity being wound up, the li8bility in respect of the guarantee is limited to £10 per member of the charity. The registered number and registered address can be found on the Company Information page. ACCOUNTING POLICIES Basls of preparlng the flnancial statements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charilies SORP {FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Praclice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland (FRS 1021 (effective 1 January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006, The financial statements have been prepared under the historical cost convention. willi the exception of investments which are included al market value, as modified by Ihe revaluation of certain assets. The presentational currency of the charity is pound sterling (£) and the amounts in the financial statements have been rounded to the nearest £1. The financial statements have been prepared on a going concern basls. The Trustees have considefed the future funding position of the charity. and the current reseNes. They have prepared forecasts which cover a period of 12 months from the bal8n¢e sheet date. which demonstrate that the Charity will continue to be able to pay ils liabilities as they fall due. A full description of the sleps taken by the Charity is sel out on page 5 - Financially secure. Income All income is recognised in the Statement of Financial Aclivilies once the charily has enlitlemenl lo the funds, il Is probable that the irscome will be received and the amount can be measured reliably. Donations, grants and gifts are recognised when receivable. In the event that a donation is sublecl to fulfilling performance condilions before the charity is entitled lo the funds, the income is deferred and not recognised until il is probable Ihat those conditions will be lulfilled in the reporting period. Income from Gift Aid tax reclaims is recognised for any donations with relevant Gift Aid certificates recognised in income for the year. Any amounts of Gift Aid not received by the year-end are accounted for in income and accrued income in debtors. Income from government and othei grants, whether 'capital' grants or'revenue, grants, are recognised when the ¢harity has enlillemenl to the funds. any performance condilions attached to Ihe grants have been met, il is probable that the income will be received and the amount can be measured reliably and is not deferred. Income received in advance for a future fundraising event or for a grant received relating to the following yeaf are deferred until the criteria for income recognition are mel. Interest on deposit funds held is included when ieceivable and Ihe amount can be measLtred reliably by the charity which is normally upon nolification of the interest paid or payable by the bank. Dividends are recognised once Ihe dividend has been declared and notification has been received of the dividend due. This is normally upon notification by our investment advisor of the dividend yield of the investment porlfolio. Income lax recoverable in relatson to investment income is recognised at the time the inveslfflent income is receivable. Sponsorship from events, fundraising and events registralion fees are recognised in income when the evenl takes place. Page 22 continued...
Chorley Youth Zone Notes to the Financial Statements - continued for the year ended 31 March 2025 ACCOUNTING POLICIES - continued Expendlture Liabilities are recognised as expenditure as soon as there is a legal or construclive obligation ommitting the charity to that expenditure, il is probable that a transfer of economic benefits will be required in setllemenl 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 to the category. Where costs cannot be directly atlributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Charitable expenditure comprises those costs incurred by the Charity in the delivery of its activities and services.11 includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Governance cost5 include those costs associated with meeting the constitutional and statutory requirements of the Charity and include the audit fees and costs linked with the strategic managemenl of the Charity. Investments The change in market value of investments during Ihe year comprises all increases and decreases in the market value of investments held at any time during the year, including profits and losses realised on sales of investments during the year. Quoted securities in active markets are valued al the current bid price5 at 31 March 2025, or 8t the valuation date nearest to the year end. Tanglble flxed assets Depreciation is provided al Ihe following annual rates in order to write off each asset over ils eslimaled useful life. Long leasehold Plant and machinery Fixtures and fillings Over the term of Ihe lease 250A on feducing balance 330/0 on cost and 2511/0 on reducing balance Motor vehicles Computer equipment 25% on reducing balance 330/0 on cost Fixed assets costing more than £250 are capitalised and included in the balance sheet at cost. Depreciation methods. useful lives and residual values are reviewed if there is an indication of a significant change since Ihe last annual reporting dale. ResidLial value is based on Ihe prices prevailing at the date of acquisition or subsequent revaluation. Where, because of high estimated residual values, deprRciation is immaterial, no depreciation is charged bul an annual review lor impairment 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 assets are reviewed for impairmenl when events or changes in circumstances indicate that the carrying amount of the fixed assel may not be recoverable. If any indication exists, the assets recoverable amount is estimated. Stocks stocks are valued at the lower of cost and net realisable value. after making due allowance for obsolete and slow moving items. Taxation The charity is exempt from corporalion tax on ts charilable activilies. Page 23 continued...
Chorley Youth Zone Notes to the Financial Statements - continued for the year ènded 31 MaTch 2025 ACCOUNTING POLICIES - contlnued Flind accou ntlng Unrestricted funds can be used in accordance with the chaiilable objectives at the discretion of the trustees. Designated funds. which are a lype of unrestricted fund, are funds which the Trustees have set aside lo be used for specific purposes al their discrelion. Reslrictad funds can only be used foi particular restricted purposes within the objects of the charity. Reslriclions arise when specified by the donor or when funds are raised for particular restricted puiposes. The restricted fund relates to the tangible fixed assets. As Ihe assets are depreciated, there is a movement from the unrestricted fund lo the restricted fund. Penslon costs and other post-retlrement benefits The charitable company operates a defined conlribulion pension scheme. Contributions payable lo the charitable company's pension scheme are charged to the Statement of Financial AGtivities in the period to which they relate. Debtors and credltOTS receivablelpayable within one year Debtors are creditors with no stated Interest rate and receivable or payable within one year are recorded al Iransaction price. Any losses arising from impairmenl are recognised as expenditure, DONATIONS AND LEGACIES 2025 Total funds 2024 Total funds Unrestricted funds Restricted funds Donations 762 774 1,055 765 1.818,539 1288,726 Donations 2025 Total funds 2024 Total funds Unrestricted funds Restricled funds Chorley Council Founder Patrons Grants and trusts Others Gift Aid 100.000 304.677 177,858 173,640 6,599 100,000 304,677 1,233,623 173.640 6,599 100,000 267,892 669,647 242,818 8,369 1,055,765 762,774 1,055,765 1,818,539 1,288,726 Included in restricted grants and Irusls income is £501,841 {2024'. £nil) re Ihe Network Cadent project. Page 24 conlinued...
Chorley Youth Zone Notes to the Financial Statements - continued for the year ended 31 March 2025 FUNDRAISING 2025 Total funds 2024 Total funds Unrestricted funds Restricted funds Other fundraising 101,377 101,377 64,827 INVESTMENT INCOME 2025 Total funds 2024 Total funds Unrestricted funds Restricted funds Dlvidends received Deposit account interest 11,272 27,280 11,272 12,721 17,850 38.552 38,552 30,571 INCOME FROM CHARITABLE ACTIVITIES 2025 2024 Activity Youth Zone activities Catering income Facilities hire Young people Catering income Facilities hire 31,9SB 32,063 57 21,251 32,569 42,486 121,250 96,306 RAISING FUNDS Ralslng donatlons and legacles 2025 Total funds 2024 Total funds Unreslricled funds Restricted funds Fundraising costs 25,521 other tradlng actlvities 2026 Total fund5 2024 Total funds Unrestricted funds Restricted funds Bad debts 339 Aggregate amounts 21,100 21,100 25,860 Page 25 conlinued...
Chorley Youth Zone Notes to the Financial Statements - continued for thè year ended 31 March 2025 CHARITABLE ACTIVITIES COSTS Direct Costs (see note 9) Support costs (see note 10) Totals Youth Zone activities 2,168,594 8,142 2 176,736 All ch2ritable activity costs relate lo the operation of Inspire. This is considered to be the only activity of Ihe charity. DIRECT COSTS OF CHARITABLE ACTIVITIES 2025 2024 Staff costs Insurance Telephone Postag6 and stationery Suiidries Consultancy costs Travel costs Training Computer cosls Licences other staff costs Legal and professional fees Marketing and advertising Recruitment and DBS checks Onside Network Donation Activity delivery costs Premises Gosts Repairs and renewals utilities Depreciation 1,189,938 25,044 1,253 4,690 5,466 991,017 21,197 2,022 4,909 7,906 32,917 6,315 5,436 15,672 8,979 1,462 3,203 5,698 18,157 34,450 259,094 5,716 19,168 53,585 123,572 8,565 5,366 14,773 10,575 5,830 29,586 2,706 2,366 24,999 598.390 7.366 60,619 42,712 128,350 2,168 594 1620,475 Included within activity delivery costs and wages are £465,000 (2024: £nil) and £33,516 {2024.' £nil> respectively re the Nelwork Gadenl project (see nole 14). Page 26 continued...
Chorley Youth Zone Notes to the Financial Statements - continued for the year ended 31 March 2025 10. SUPPORT COSTS Governance costs Finance Totals Youth Zone activities 2,242 8,142 Support costs, included in the above, are as follows: 2025 Youth Zone activities 2024 Total activities Bank charges Auditors. remuneralion 2,242 5,900 2,257 4,310 142 6,567 NET INCOMEI(EXPENDITURE) Net incomellexpenditurel is stated after chargingl(crediting): 2025 2024 ALiditors' remuneration Depreciation- owned assets Deficit on disposal of fixed assets 5,900 128,350 4,310 123,572 29 12. TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneralion or olher benefils for the year ended 31 March 2025 nor for the year ended 31 March 2024. Trustees, expenses There were no trustees, expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. 13. STAFF COSTS 2025 2024 Wages and salaries Social security costs Other pension costs 1,090,982 78,661 915,158 58,965 16,894 1,189,938 991,017 Thè average monthly number of employees during Ihe year was as follows.. 2025 108 2024 103 Staff Page 27 continued...
Chorley Youth Zone Notes to the Financial Statements - continued for the year ended 31 March 2025 13. STAFF COSTS - continued The number of employees whose employee benefits {excluding employer pension costs) exceeded £60,000 was.. 2025 2024 £60,001- £70,000 £70,001- £80,000 The aggregate remuneralion of Key Management Personnel, comprising the Chief Executive, Office & Administralion Man2gei, Youth Work Manager, Head of Communications & Marketing, Philanthropy Manager. Grants & Contracls Manager, Finance Manager and Head of Services, was £317.595, a significant increase from the previous year due to slaff changes and reslructuring12024 '. £172,100). 14. GRANTS PAYABLE As part of the Network Cadent project, the charily received £501,841 (2024: £nil) from Cadent to distribute to qualifying Youth Zones. As a iesult, it made 10 grants (2024: nil) to other Onside Youth Zones lotalling £465,000. Support cosls of £33,516 weie incurred for grant making activities. An analysis of the grants payable is shown below.. Grants made to organisalions.. Charity number 1172247 1173239 1135949 1179712 1134427 1134580 1101086 1134451 1163183 1151247 2025 Barking & Dagenham Youth Zone Barnel Youth Zone Blackburn Youth Zone Einpower Youth Zones Ltd Mahdlo {Oldham Youth Zone) The Manchester Youth Zone Limited Warrington Youth Zone Limited Wigan Boys & Girls Club Wirral Youth Zone Wolverhampton Youth Zone 20,000 35,000 60,000 10,000 60,000 60,000 60,000 50,000 50.000 60,000 Support costs (included in wages) 33,516 498,516 Page 28 continued..
Chorley Youth Zone Notes to the Financial Statements - continued for the year ended 31 March 2025 15. TANGIBLE FIXED ASSETS Fixtures and filtings Long leasehold Plant and machinery COST Al 1 April 2024 Additions 4,725,580 10,486 133,123 1,629 At 31 March 2025 4 725,580 134,752 DEPRECIATION At 1 April 2024 Charge for year 554,014 94,512 7,547 2,621 104,852 8,130 At 31 March 2025 648,526 112,982 NET BOOK VALUE Al 31 March 2025 4 077 054 318 21,770 At 31 March 2024 4,171,566 2.939 28,271 Motor vehicles Computer equipment Totals COST Al 1 April 2024 Additions 51,570 61,565 4,972,324 9,077 Al 31 March 2025 4,981401 DEPRECIATION At 1 April 2024 Charge for year 26,859 12,893 27,859 10,194 721,131 128 350 At 31 March 2025 849 481 NET BOOK VALUE Al 31 March 2025 11,818 4 131,920 At 31 March 2024 23,706 4,251,193 Page 29 continued...
Chorley Youth Zone Notes to the Financial Statements - continued for the year ended 31 March 2025 16. FIXED ASSET INVESTMENTS Lisled investments MARKET VALUE At 1 April 2024 Additions Disposals Revaluations 450,076 5,289 16,6401 Al 31 March 2025 439 844 NET BOOK VALUE Al 31 March 2025 439,844 At 31 March 2024 450,076 The listed investments are analysed below . Equities - UK Equities - Overseas Bonds- UK Bonds- Overseas Other- UK Cash 82,494 186,191 123,522 7,040 23,507 18.76 42.33 28.08 1.60 5.34 3.89 439,844 100.00 Total overseas investments 193 231 43.93 Cost or valuation at 31 March 2025 is represented by: Llsted investmonts Cost 439,844 17. STOCKS 2025 2024 Stocks 2,706 Page 30 continued...
Chorley Youth Zone Notes to the Financial Statements - continued for the year ended 31 March 2025 18, DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade debtors Prepaymenls and aGcrued income 25,247 22,457 33,370 14,125 47,495 19. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade creditors Social security and other taxes Staff salaries Accruals and deferred Income 73,498 47,439 78,246 154 938 31,140 34,900 67,441 363,154 364 121 496.635 20. LEASING AGREEMENTS Minimum lease payments under non-cancellable operaling leases fall due as follows.. 2026 2024 Within one year Between one and five years 1,858 6,811 8,669 21. MOVEMENT IN FUNDS Net movemenl in funds Transfers between funds Al 114124 At 3113125 Unrestrlcted funds General fund Designated fund 544,705 460,076 {56,8951 10,2321 10,869 498,679 439,844 994,781 (67,127) 10,869 938,523 Restrlcted funds Restricted fund 4,107,568 {61,7241 {10,869) 4,034,975 TOTAL FUNDS 5,102,349 128,851) 4 973,498 Page 31 continued...
Chorley Youth Zone Notes to the Financial Statements - continued for the year ended 31 March 2025 21, MOVEMENT IN FUNDS - contlnued Net movement in funds, included in Ihe above are as follows- Incoming resources Resources expended Gains and losses Movement in funds Unrestrlcted funds General fund Designated fund 981,529 11,272 11,038,424) 6,983) (66,895) 10 232) 15 5211 992,801 11,044,407) (15,521) 167,1271 Restrlcted funds Restricted fund 1,091,705 (1,153,429) (61,7241 TOTAL FUNDS Comparatives for movement in funds Nel movement in funds Transfers between funds At 114123 At 3113124 Unrestrlcted funds 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 Restricted funds Restricted fund A.146.989 (23.854) (15,567) 4,107,568 TOTAL FUNDS 5,174,596 72,247) 5,102,349 Comparative nel movement in funds, included in the above are as follows.. Incoming Resources resources expended Gains and losses Movement in funds Unrestricted funds General fund Designaled fund 1.027,643 12,721 (1,087.288> 3,150) {59,645J 11,252 1,681 1.040.364 (1.090,4381 1,681 (48,393) Restricted funds Restricted fund 538,639 1562,493> (23,854) TOTAL'FUNDS 1.579,003 1,652,931) 1,681 72,2471 Page 32 continued...
Chorley Youth Zone Notes to the Financial Statements - continued for the year ended 31 March 2025 21. MOVEMENT IN FUNDS - continued Transfers between funds The restricted fund relates mainly to the tangible fixed assets. As these assets are depreciated there is an annual movement from the unrestricted fund to Ihe restricted fund. The remaining balance relates to the restricted projects ongoing at the year end. 22. RELATED PARTY DISCLOSURES During the year. the charity entered into the following transactions with related parties- £6,250 was received from CG Prolessional Ltd, a company in which Andrew Turner, who resigned as 8 Trustee in the year, is a director 12024.. £25,000) £40,000 was received from The Eric Wright Charitable Trust. James Carter, who resigned as a Trustee in the year is a non-execulive deputy chairman of the Eric Wright Group, which is wholly owned by The Eric Wright Charitable Trust {2024: £35,000) £25.000 was received from ESG Global Ltd, a company in which Mallhew Hirst Is 8 director {2024.' £25.000) £nil was received from Woom Ltd, a company in which Neale Graham is a direclor {2024: £8,240) £1,200 was received from family members of the Board of Trustees (2024.. £7,951) £1,200 was received from family members of the key management team {2024: £1,299) Page 33 continued...
Chorley Youth Zone Notes to the Financial Ststements - continued for the year ended 31 March 2025 23. RESTRICTED FUNDS The funds of the charity include restricted funds comprising the following unexpendad balances of donations and grants held for specific purtM)ses: Movement In funds Transfer between funds Balance 1 April 2024 Incoming resources Resources expended Balance 31 March 2025 Prudence Trust Network Fired Up UKSP Employability Mentorin9 Project Inspire Fired Up Reaching Communities Detached Programme Universal & Targeted H&W Burberry Foun(Jation LanGashire Breaklime PCCS Community Fund Intervention Adlington Satellite HAF Inspire Onside Makers Zone Onside Funded Residenlials Inspire Cadent delivery Network Cadenl Clarion Young Leaders Onside Impact I Sustainability Fund Duke of Edinburgh GA Pel Foods Music Project Gosling Foundation Makers Zone The Clolhmakers Foundalion Gen Al Percy Bilton Trust 7.560 1,273 21,844 11,456 10,000 73,151 16.701) (1,273) (21,7541 (9,349) (9,062) (71.997) {859) (262) (90) (2,107) (938) (1,154) 262 20.000 8.205 (19.5941 17,9821 1406) 1223) 15,061 35.714 5.000 (11,184) (30.965) {3,551) (3,877) (4,749) {1,4491 9,183 97,741 59,424 6,069 (9,182> (88,013) (55,274) (5,408) (1) (9,728) {7,800) (661) 25,737 22,087 60.226 (55.076) (5.1501 501.841 3,419 (498.516) (2,133) (3,325) (1,286) 100,490 (99,595) 895 8,188 9,962 {8,188) (4,235) 1606) 5,121 20,000 (20,000> {1,8951 (1,895) 2,500 3,398 (750) (3.402) 1,750 Tangible fixed assets Accruals and deferred income 4,251.193 (169.624) (128,350) 9,077 44,721 4,131,920 (124,9031 4.107,568 1,091.705 1.153,429) 10,8691 4,034,975 Page 34 continued...
Chorley Youth Zone Notes to the Financial Statements - continued for the year ended 31 March 2026 23. RESTRICTED FUNDS - continued The reslr¢cted funds are for particular projects specified by the donor as follows Prudence Trust Funding via Onside for a lange of Arts Projects across the year Network I Inspire Fired Up Co-ordination and management of the Fired Up programme plus the COrdination and delivery of the Clay Club UKSP Employabilily Careers and employability support for young people, fund managed by Chorley Council Menloring Project This project matched volunleer mentors to young people requlring support, usually with heallh and wellbeing issues. This proiect is funded by NHSIICB Reaching Communities Grant National Lottery programme lo fund work within the community, whether that is for people living in the same area or people with similar interests of life experiences Detached programme Funding from Chorley Borough Council to support twice weekly delached provision across the Borough Universal and Targeled H&W Funding from NHSICCG to cover emotional well-being courses EmpowHER and HIMpact throughoul the year Burberry Foundation 12 month Enterprise and Arts project to include a Senior project and a Junior project Lancashire Breaklime Funding Funded by Lancashire Breaktime (LCC), this club provides pre- bookable inclusion support for limited numbers on Core sessions, designated projects and closed inclusion sessions on Sundays PCCS Community Fund Intervention Mentoring directed lo Young People al risk of anti social behaviour Adlinglon Satellite Funded by Adlington Town Council, Chorley Borough Council and directed private donations and grants to support weekly delached sessions in Adlington HAF {Inspire} Holiday. Food and Activities programme. Government funded holiday club with funding routed through Lancashire County Council via Chorley Council Onside Makers Zone STEM focused project Ihat delivers digital and creative skills to the members. The project is sponsored by BAE and The Onside Foundation Onside Funded Residential Funding provided by Onside to provide a residential trip for some Inspire members Inspire Cadent Network Cadent Deliveryl Funding from Cadent lo cover management costs of the nelwork- wide programme Clarion Young Leader5 Funding from Clarion Futures to set up a Young Leaders programme lo plan and deliver social action projects and events Page 35 continued...
Chorley Youth Zone Notes to the Financial Statements - continued for the year ended 31 March 2025 23. RESTRICTED FUNDS - continued Onside Impact I Sustainability Funding to support a step change in income generation and Fund sustainability within Youth Zones by making grants lo provide pump-priming resources enabling Youth Zones and Onside to invest in new. expanded or enhanced income generation and aligned activity Duke of Edinburgh Funding from DCMS to break down the financial barriers and provide funded places or subsidies for young people from marginalised backgrounds lo participate in the Duke of Edinburgh Awards Scheme GA Pet Foods Music Project Funding frorn a local business lo specifically support activities to music Gosling Foundatlon Makers Funding to support making activities in the Maker's Zone Zone The Clothmakers Foundation Funding to refurbish the Health and Wellbeing room Gen Al Via Onside to maximise the. use of Al and develop skills in this area Percy Bilton Trust Capital support of sensory equipment for the Emotional regulation room (Be Comlorlablel 24. DESIGNATED FUNDS Designated funds relate to the investments held for the future refurbishment of the building. 25. ULTIMATE CONTROLLING PARTY There is no ultimate controlling party. Page 36
Chorley Youth Zone Detailed Statement of Financial Activities for the year ended 31 March 2025 2025 Total funds 2024 Total funds Unrestricted funds Restricted funds INCOME AND ENDOWMENTS Donatlons and legaGies Donalions 762,774 1,055,765 1,818,539 1,288,726 Fundraising Other fundraising 101,377 101,377 64,827 Investment Incomè Dividends received Deposit account interest 11.272 27,280 11,272 12,721 38,652 38,552 30.571 Charitable actlvltles Young people Catering income Facilities hire 31.660 32,063 298 31,958 32,063 57,229 21,251 32.569 85,310 35,940 121,250 96,306 otlier incomg Olh8r income 98,573 Total Incoming resources 992,801 1,091,705 2,084,506 1,579,003 EXPENDITURE Ralslng donatlons and legacles Fundraising costs 21,100 21,100 25,521 other tradlng activities Bad debts 339 Charltable actlvities Wages Social security Pensions Insurance Telephone Postage and slalionery SLindries Consultancy costs Travel costs Training Computer costs Carried forward 594,760 78.661 20.295 25.044 1,253 4,594 5.414 496,222 1,090,982 78,661 20,295 25,044 1,253 4,690 5,466 915,158 58,965 16.894 21,197 2,022 4,909 7,906 32,917 6,315 5,436 15,672 1,087,391 96 52 7,227 5,117 14,023 756,388 1,338 249 750 498,707 8,565 5.366 14,773 1,255,095 This page does not form part of the statutory financial statemenls Page 37
Chorley Youth Zone Detailed Statement of Financial Activities for the year ended 31 March 2025 2025 Total funds 2024 Total funds Unrestricted funds Restricted funds Charltable activities BroLighl foiward Licences Other staff costs Legal and professional fees Marketing and advertising Recluilmenl and DBS checks Onside Network Donation Aclivily delivery costs Premises costs Repairs and renewals Ulililies Long leasehold Plant and machinery FixlLires and fillings Motor vehicles Computer equipment 756,388 10,575 5.830 29,586 2,706 2,357 24,999 73,934 7,366 58,712 42,712 498.707 1,255,095 10,575 5,830 29,586 2,706 2,366 24,999 598,390 7,366 60,619 42,712 94,512 2,621 8,130 12,893 1,087,391 8,979 1,462 3,203 5,698 18.157 34.450 259,094 5,716 19,168 53,585 94,512 980 8,717 12,892 6,471 524,456 1,907 94,512 2.621 8.130 12,893 1,015,165 1,153,429 2,168,594 1,620,475 Other Loss on sale of tangible fixed assels 29 Support costs Flnance Bank charges 2,242 2,242 2,257 Governance costs Auditors, remuneration 5,900 Total resources expended 1,044 407 1,153,429 2,197,836 1,652,931 Net lexpendlturelllncome 73,928) This page does not form part of the slatutory financial statements Page 38