2022-03-31-accounts - Barking & Dagenham Youth Zone

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CONTENTS
		Page
TRUSTEES' REPORT
CHAIR'5 REPORT
STRATEGIC REPORT
11 Aims &activities
1.2 Achievements and performan«e
13 Financial review
14 Plans far the future
1,5 Public benefit & volunteers'	cantributian
GOVERNANCE
2.1 Reference and administrative	cletslis
2.2 St~ucture, governance and management
23 Statement ofTrustees' responsibilities		10
2rd Compliance with accounting	standards	10
2.5 Statement as to disclosure to our auditors		10
FINANCIAL STATE ME NT5
Independent auditor's report
Statement offinancial activities
Balance sheet		15
Statement ofcash flows		16
Notes ta the financial statements

					unreatricted	Restricted	TOTAL	Total
					2022	2022	2022	2021.
					8	g	6	6
INCOME ANO ENOOWMENTS				FROBIR
Donations					1,1D9,376	585,244	1,694,62D	2,268,292
Charitable	activities				99,123		99,123	14,899
Fundraising					75,79?		25,792	11,558
investment income
Bank interest					1,178		1,178	934
Other Income
Other income					36,5DZ		36,5D2	1,478
Government		grants-	JRS Income					164,279
Totalincome					1,271,971	585,244	1,857,215	2,461,440
EXPENDITURE
Expenditure on Charitable			Activities
Operating	costs				1,239,434	520,138	1,759,572	1,4S2,906
Total Expenditure					1.239,434	520,138	1,759,572	1,452,906
Nat Income					32,537	65,106	97,643	1,008,534
Fund balance at	1	April 2021			2,277,394	5,430,621	7,708,015	6,699,481
Fund balance at	31March		2D27		z,309,931,	5,495,'727	7,805,658	7,708,015

Barking gt Dagenham	Barking gt Dagenham	Barking gt Dagenham	Youth Zone	Youth Zone				Page 15
Balance Sheet						Company no:		10236576
Asat31March 2022						Charity no:		1172247
					Note		2D22	2021
							8	E
Feted assets
Tangible assets							5324,912	5,641,773
Current assets
Stock							KISS	2,833
Debtors							65,978	30,739
Cash at bank 6 in hand							~13,799	2,249,566
							2r482,620	2,293,13S
Creditors: amounts	raging due		within	one year			(201AI64)	(216,896)
Net current gabgltles							2,28D,746	2,066,242
Net assets							7~5,698	7,703,01S
FUNDS
Unrestricted funds
General funds							2,789,366	2,027,394
Designated fund-		Aepairs	&renewals				474,565	250,DDD
Designated fund-		ITequipment		replacements			50,000
							2,30S,931	2,277,394
Restricted funds					14		5895,727	5,430,621
							7,805dISB	7,708,015

				2022f	2021
Cash flow from operating	activities			226,854	1,240,168
Cash flow from investing	activities
interest received				1,17$	934
Payments to acquire tangible		fised assets		(63,799)	(182,309)
Increase (decrease) in cash and cash equivalents				164,233	1,058,793
Cash and cash equivalents	at	1April 2021		2,249,566	1,190,773
Cash and cash equivalents	at	31March 2022		2,413,799	2,249,566
Cash and cash equivalents	consists of:
Cash at bank and in hand				2,413,799	2,249,566
Reconciliation ofnet income		to net cash flow from operating	activities	2022 f	2021f
Net Income'for the year				97,643	1.008,534
Depreciation				1$0,660	182,235
Investment income				(1,178)	(934)
(Increase) / decrease m debtors				(35,239)	(30,739)
increase in stock					(2,833)
Increase / (decrease)in creditors				(15,032)	83,905
Net cash flow from operating		activities		226,$54	1,240,168

Donations		Unrestricted	Restricted	TOTAL
		2022	2022	2022	2021
		E	E	fi	E
Donations	-capital		50,0DO	50,000	200,000
Donations-	general	2,359		2,3SR	8,457
Grants, trusts 0foundations			394,432	394,432	770,306
Other patrons		105,834	99,812	194,646	350,610
Founder patrons		1,001,184	52,000	1,D53,184	938,919
		1,109,376	585,244	1,694,620	2,Z68,292


4	Income From	Charitable			Activities						Unrestricted	Restrkted		TOTAL	TOTAL
											2D22		2D22	2D22	2021
											f		f		E
	Young people										37,861			37,861	205
	Catering income										61,262			61,262	9,024
	Facility hire														5,670
											99,123			99,123	14,899
5	Income from	otherfundraisingactivlties									Unrestricted	Restricted		TOTAL	TOTAL
											2022		2022	2022	2021
											f			E	E
	Fundraising Events														375
	Community Response										25,792			25,792	11,183
											25,792			25,792	11,558
6	Operating costs										Umestricted	Restricted		TOTAL	TOTAL
											2022		2022	2022	2021
											f		E	E	f
	Wages &Salaries										849,772		269,762	1,119,534	979,445
	Agency &Freelance			staff							11,703			11,703	1,109
	Stafftravel										7,021,		101	7122	396
	StaffTraining										6,345		1,536	7,S81	2,522
	Staff uniform										6,764		47	6,811	6,278
	Licences										1,440			1,440	1,146
	Telephones										4,466			4rt66	2,116
	IT										24,922		250	25,172	23,922
	Consultancy fees										44,049		21,424	65,473	60,146
	Sundry expenses										6,595		4,594	11,189	4,581
	Insurance										25,741			25,741	20,477
	Printing, postage,		stationary								9,087		278	9,365	3,687
	Hospitality										Z98			298
	Marketing &comms										3,635		5,824	9,459	4,191
	Recruitment & DBS			checlis							6,783		350	7,133	1,714
	OnSlde Network		Donation								22,618			22,618	8,50D
	Volunteering	costs (excluding				DBS)					233			233	1,278
	Fundraising costs										1,394		7,198	8,592
	Premises costs										SS,318		16	88,334	78,699
	Sessional delivery		costs								42,672		26,592	69,264	47,274
	Catering/caff	costs									67,369		1,5D6	68,875	16,D62
	Depreciation												180,660	180,660	182,235
	Bank charges										1,809			1,809	856
	Audit fees										6,400			6,400	6,27D
											1,239,434		520,138	1,7S9,S72	1,4S2,906
7	Taxation
	Barking &Dagenham			Youth Zone			Is a registered	Charity.		All the	company's income		is applied to its charitable		objectives
	and the Company		is	therefore		exempt under current			legislation		from most forms	of	taxation.
8	Net Income													2022	2021
														E	f
	Net income /	movement			in funds		is stated after	charging:
	Depreciation	oftangible fixed				assets								180,66D	182.,235
	Audit fee													6,40D	6,270

Staff costs and numbers	Staff costs and numbers	Staff costs and numbers	2022	2021
			E	E
Wage~			1,D27,636	907,536
Social security			73,915	57,429
Pensions			17,983	14,480
			3.,119,534	979,445
No employee	earned more than E66,620 in the year i2021:E60,DOO.
			Z022	2021
			Number	Number
Average number		ofemployees	6t	70

	ended 31March 202	1..
11	Tangible fixed assets			Leasehold	Computer	Fixtures &
				Propertyf	Equipment E	equipment E	TOTAL
	Cost
	At 31 March 2021			5,714,286	56,061	,225,922	5,996,269
	Additions			55,375	7,977	447	63,799
	At 31March 2022			5,769,661	64,038	226,369	6,060,068
	Depreciation
	At31March 2021			212,748	37,737	104,011	354+96
	Charge for the year			1,14,454	19,716	46,490	180,660
	At 31March 2022			327,202	S7,4S3	150,501	535,156
	Net book value
	At 31March 2022			5,442,459	6,SBS	75,868	5,524,912
	At 31March 2021			5,501,538	18,324	121,911	5,641,773
	Capital commitments					292Z	2021
						E	E
	Contracted for						99,973
12	Debtors					2D22	2D21
						E	E
	Trade debtors					48,945	20,051
	Other debtors						10,386
	Prepayments and accrued Income					17,033	302
						65,978	30,739
13	Creditars: amounts	falling due within ane year				2022	2021
						E	E
	Trade creditors					42,693	12,235
	Social security & pensions					34,742	30,522
	Wages					6$,256	64,414
	Accruals and deferred		Income			56,173	1D9,725
						2D1,$64	216,896

Movement ln funds	Movement ln funds
The movement	in funds forthe		year is as fogows:
				Opening				Clos!ng
				Bo/once	income	Expenditure	Transfer	Balance
				6	E
Unrestricted funds
General funds				2,027,394	1,271,971	(1,213,999)	(300,000)	1,JS5,366
Designated fund	- Repairs &renewals			250,000		(25,435)	250,00D	474,565
Designated fund	—ITequipment		replacements				50,000	50,0DO
				2,277,394	1,271,971	(1,239,434)		2,309,931
Restricted funds
Fixed assets				5,305,049	50,000	(180,660)		5,174,389
Rank Foundation					14,339	(6,376)		7,963
Wooden Spoon				10,174				10,174
I.&I2					24,978	(24,978)
lack Petchey				8,367	73,5DO	(74,876)		6,991
Community Fundraising		Project		81,617	150,0DO	(89,382)		142,235
Ford					15,312	(15,312)
Dig its I Creatives				4,187		(4,187l
Babyzone				21,227	11D,OOO	(57,956)		73,271
Sony Project					30,000			30,000
LBBDNeighbourhood		Fund			9,263	(9,263)
Gamesys					52,000	(1.296)		S0,704
LBBDEaster Holiday Club					21,827	(21,827)
Summer Holiday	Club				34,025	(34,025)
Total restricted	funds			5,430,621	S8S,244	(520,138)		5,495,727
Totslfunds				7,708,015	1,857,21,5	(1,759,572)		7,8D5,658

Iylovement	in funds (continued)	in funds (continued)
The movement		in funds forthe prior year	is as fellows:
			Opening	income	Expenditure	Tiansfer	Closing
				E	E	E	E
Unrestricted	funds
General funds			933,717	1,562,304	(593,3S9)	124,762	2,027,394
Designated	fund- Repairs 8 renewals					250,DDD	250,000
			933,717	1,562,304	(593,389)	374,762	2,277,394
Restricted funds
Fixed assets			5,283,783	200,000	(178,734)	(374,762)	4,930,287
Net current	assets		481,981	699,136	(6S0,783)		500,334
Total restdicted		funds	5,765,764	899,136	(859,517)	(374,762)	5,43D,621
Total funds			6,699,481	2,461,440	(1,452,906)		7,708,015
Analysis of	net assets between funds		Iinrestricted	Designated	Restricted	Total	Fatal
			funds	funds	funds	funds	Funds
			Z022	ZDZZ	2022	202.2	2021
				E		E	E
Tangible fixed assets					5,524,912	5,524,912	5,641,773
Net current	assets		1,785,366	524,565	(Z9,185)	2,280,746	2,066,242
			1,785,366	524,565	5,495,727	7,805,658	7,708,01,5
			ilnrestricted	Designated	Restricted	Tarsi	Tata!
			funds	funds	funds	funds	Funds
			2021	2021	2D21	2021	202D
			E	E	E	E	E
Tangible fixed assets					5,641,773	5,641,773	5,641,699
Net current	assets		2,027,394	250,DDD	(21N152)	2,066,242	1,057,782
			2,027,394	250,000	5,430,621	7,708.015	6,699,481