Company no.. Charfty no.. 10236576 1172247 Barking & Dagenham Youth Zone Trustees, Report and Financlal Statements For the year ended 31 March 2023 Art Ons'deyouth ZDne Barkin8 & Da8enham Youth Zone Trustees, Rèport and Flnan¢ial Statements For the year endèd 31 Marth 2023 CONTEpirs PaBe TRUSTEES. REPORT CHAIRS RE¢IORT STRATEGIC REPORT 1.1 Aim5 & activities 1.2 A¢hleverrents and perforniance 1.3 Finanoal review 1.4 Plansforthefuture 1.5 Publlc beneflt & volunteers. contrlbutton GOVERNANr 2.1 fteferen￿ and admln15tratfve detalls 2.2 Structure, eovemance and management 2.3 ststement of Trustees, re5ponslblllties 2.4 Compllance wlth accountlng stsndards 2.5 stater￿ntasts dlsclosure to ouraudltors io io io FINANOAL STATEMENTS Jndtpendent audltorf5 report 5tstement of finandal actiwtles li 14 B•lanc• $h•et 15 Staternentofca5h fiows 16 Not•s toth•ffinancial statem•rts 17 Barking & Dagenham Youth Zone Pa8e I Trustees, RopJ¥t Ind Financial StJtement5 For the yéar ended 31 March 2023 CHAIRS REPORT I'm delighted to be able to Introduce myself as &arklThg and Dagenharn Youth Zone's new Chairperson followlng the retlrerr*nt of Charles Mlndenhall, our found5n8 Chalrperson, in March 2023. Charles led the Charlty for 6 year5 and was responsible for guiding our developtnentfrom Inltkl conTrpt all the way through to a fully operatlonal Charity. Charle5, tenure was not without its Challenges whlch Intluded a global pandemlc and the beginnings of the current Cost of Llvlng Crlsis. However. it IS testament to Charles, the wider board of Trustees and our hard workingstaff team that the Charlty has wmpetentw navigated those challenges and continues to provide much needed support lor young people and the wider tommunity. In addition to Charles. departu￿, l a150 want to pass on my thanks to Ash Siddique and Yvonne Kelly who retl￿d from their role5 a5 Trustees In the last year. Both Ash and Yvonne ensured that our board of Trustees ￿Mained focussed on the needs of the cornrnunlty and we are all gratefvl for their contributions during their time on the board. We were all thrllled to be able to welcorne 5uriyaa Gnanapandithan to the board of Trustees in recent months who will take on the role oFAssoclate Trustse. I know Surlyaa will be focussed on ensurlng the volces of youn8 people are front and cerntre of all our declslon making over the next fewyears. The last year ha5 seen the Charity resume a full peTiod of serv￿8 to young people wlthout any of the pandernic-related changes In clrcumstances that we'd become accustomed to over the prevlous two year5. The Irnpacts of the pandernic have been far reachin8 and have certalnly been clear throughout our work th15 year. A new study Into the soclal lives of chlldren and young people aged 11-18 In England, published by Onside, showed that young people In London are navigatlng a world outside of school that is increasingly isolated and hon*-based, wlth Ilmited opportunltles for face-tO- face 50clallsln& maklng new frlends or meeting people In person. The report found that one in five young people119%1 in London spend most of thelrfree tlme alone. The report went on to show that 57% of young people In London say they are watrhlng MO￿ streamed content now than before the Covld-19 lockilown,. 38% of younE people say they a￿ dolng more gaming now than before the Covid- 19 pandemlc.. and 33% are watchlng more TV now. The role of place5 Ilke Barking aThd Dagenham Youth Zone has never been more needed and I'm feally proud of the work that has been achieved by the tearn in the last year. Over the course of the last year the Youth Zone ha5 retzined an aVera￿e of 3632 mernbeT5 and ha5 seen an aver8Re of just under IOC¥) young people access our UnNersal sessions eath week. We've also started dellverlng servlces for young people outside of the Youth Zone at Marks Gate which is at the most northern part of the borough. Over 60 young people attended some of those sessions which is testament to th& team's dedlcatlon to building trustlng relationships wlth youn8 people and the wlder communlty. We try to be as Incluslve and representstive of the whole community a5 we can be and therefore I'm pleased to report that IO% of our member5 tell us they have an addltlonal need, 65% of rnembers come fiom Blaci As5an or other Ethnic Mlnorlty background5 and 25% of our members are entlded to F￿e School Meals. We served 28,087 nutri￿ou5 meals durfng the year, of which 11,085 were f￿ as part of our response to the cost of living crisis and ensuring all young people un have a hot meal each dav. Whilst it 15 importsnt that we work at s￿le, en5uringthat each individual young person has an opportunltyto have thelr story told and voice heard 15 of the utmost importance. Hazel is a Senior member of the Youth Zone and they have a story which summari5e5 how oursupport foryoung people can be $0 irnpactful.. A youth workerln Future ¢olled Crystjl helpedme Immensely, notfvst wlth mytroftos o tloncer. buttofvelmore conAldent wlth myskMl& 5hehJsadeqree In tI￿tre ot the BRITS¢hool where lom Inspired to go topursuemydreom lob tvs t7performer. lftelhonoured to be op#rtoAFuttsre. Ithus mode me see the world In a dlfvrentperspertlvepndlnwredme to toke everyposslbleopportunlty. Belng ayouni leoderhos mademefvelproudthotl Insplrethejunlormembers the wayFuturestoffhovelnspfredme. Thonkyou FutrKe.fvrthe stuff, thepeopk i knvemet 0ndtI￿0pwrt￿nltIes I Iwve Imd. Icm grotefvlto hove you In myllfr. Our wort< wlth young people would not be possible wlthout the support of our InC￿dIble funders who we are so 8rateful to for their cotnmttment tt¥ the Charity. Our amazing Ytsuth Zone exists because of the bellef that our capital funders had a few years ago but we would not be able to contlnuè to provide young people with a safe and inspirational place to go wlthout ongolng donations to our core costs. We contlnue the work to diversify and develop our income stre3n￿. We were all elated with the huge generosity shown by so many people a5 Part of our'London Without knmits. Crowdfunder carnpalgn that raised in excess of £IOO.000 for the Charity and opened up new relatlonships wlth people Intèrested In 5UPPOrting our work. Barking & Dagenham Youth Zone Page 2 Tru5tee5' Report and Financial Statements For the year ended 31 March 2023 Wtth the help of some of our existing supporters we also dellvered our very first Golf Day which raised nearly E20.000 towards our core costs. EThsudnB that new incorne stream5 continue to develop suetessful￿ alongside maintalnlng the support of our Incredlble emlstlng group of funders will provide the long-term sustalnablllty of ourCharity- In the last financial year the Charty was irnparted by the cost of living crisis from a financial perspettive and we have reported a deficit foi the first time in our annual accounts. This was in part due to energy costs that tripled In mparison to the prevlous financi41 period as well as our decision to bring fcrward an increase In stsff remuneration- we continue to be a proud memberof the Real Llvln8Wa8e Foundation. Our collaboration with local. regional and national organisations glves further depth to our work and en5￿￿$ that we are an integral part of the to￿[ community. In the lastyearwe became a foundlng member of the Councll's Safe Havens 5rhÈme which means that we are desiBn8ted as a welcomlng place in the borough Whe￿ all people can get immedlate help when they need it. We also worked wlth a local ksketball focussed organi5ation called Rlght Development Foundation IRDFI who were In need of facilltles to contlnue to provide their 5Ervite5 to youn8 people during a transitlon Ferfod In their development. Wh115t RDF only needed a few weeks of supportfrom the Youth Zone, thi5 provides a good example of how we can add value to likemlnded groups and OrganI￿lI0nS In the area. We are also very proud that 8èbyzone, a concept that was plloted and developed at our Youth Zone. became a Charlty In its own rlght. Thls isn't the flrst tlme a new Charity supportlng the local community ha5 formed from eady be8lnnlngs and support at our Youth Zone and we hope it won't be the last. I'm pleased that Barking and Dagenham Youth Zone continues to play an active part of the Onside Network of Youth Zone5. The beneftts Df belng involved In the Network for our Charlty, stsff and voung people are huRe and weare all keen to contlnue to develop our role wlthln the Network overthe comlng years. The operatlonal Senlor Management tearn has rernalned con515tent throughout the last year ensurlng Stability and chance to Increase the qualltyof our servlces. They are ably supported by a statt team of up to 70 other individuals who work In Youth Work delivery, ¢aterin& facilrcles, receptlon and back offKe functlon5 wlth the consiMent focus of dolng the very best for young peopSe. The numbers of volunteers that we work wlth has Steadily increased over the last few rnonth5 partly due to our developing relationships with lotal universltles and ongolng success of our Young Leade programme. Providing C￿Or pathways for young people who wish to becorre Youth Workers will help us to be well P051tioned despite the ongoing recrur(ment and retention thallenges across the third sector and beyond. SlThce my introductlon as a Tnjstee of the cha￿tY I've been Impressed by the whole team's resoundlng commltment to our organisatlon31 values, thelr professlonallsm. and above all how they con515tently prioritise young people flrst. We have lust launched our new three year strategy'our Future is 8right' which will sree¥ us through to 2026. I'm ￿allY proud of th5s vls10Tr for youn8 people and that it was put tO8ether in consultauon and communicatioTh with our stakeholders Includln8 trustees, staff, supporters, partners, pa￿nts and carers and. most Importantlyi young people. It 5eerns Ilke there have never ￿en 50 many Un￿rtaIntleS and Inequalltles In SLKlety- Thls means that now is the rlght tlme to set out the next steps on ourlourney and create a vision that pnwldes reassuranTr, bellef and Insplratlon for young people. The Future team, the trustees and l a￿ passionate and determined to deliver the very best for younB people and vjlth your support we are confident that'our Future 15 Brighv wlll be somethlng every young petson wlll belleve In. M. Yates Chalr, Trustee & Dlrertor Future Youth Zone In Bark1￿4nd Da￿en￿M Date.. 11.IZ-ZS Barking & Dagenham Youth Zone Page 3 Trustees, Report and Financial Statements For the year ended 31 Marth 2023 STrATEGIC REPORT Alms & actbvlt5es 8arklng & Dagenharn Youth ZoThe. named by young people a5'FutU￿., Is a purpose-bullt faclllty for the borough's yotsn8 people aged 8-19, and up to 25 forthose with addklonal needs. The Youth Zone Is locaied ifi Parsloes Park. vthere Porters Avenue meets Gale StreeL and officlally opened fts door5 to young people In May 2019, Future Youth Zone Is wtthln a network of slmllar independent youth organlsatbns that all share the same prlnclples, developed by the charity Onslde. whlch Is creatlng state-of-the-art, multlmllllon-pound youth tsc11￿e5 acros5 the UK. Youth Zones are a me55a8e to youn8 people that someone really belleves In them and has invested in their future. Youth Zones are based upon a proven model, which has been estab115hed In several other town5 and cltles 3cr05S the country, and young people from Barklng and Dagenham have acce55 to a varlety of fanta5￿C actlvltles for a c05t of only £5 for an annual mernbershlp and Sop per ￿$It. The Youth Zone provldes a safe envlronn*nt, where youn8 people can spend thelr leISu￿ tlme, helping each young person to ralse thelr asplratlons, as well as improve thelr physkal and mentsl health. Up to 20 dlfferent activities take place each nlght, such as football, boxln& dancln& cllmbln& ¢￿ative arts, mu51t. drama and employabllrty training all for just 50p per visit. Whllst Future Youth Zone Is proud to be part of the On51de Network it Is Important that we are an Independent charity which ensures that we can ￿pond tothe need5 of the local young people and the surroundlng communlty. Ourvision Future: po$ltlv•ly transfonnI￿voUng peopws Ilves. ForFuture to inspirèyoung people to lead hÈalthler, more positive lives. roisingtheir aspiration5 to become happy carlng and re$pon$ible citizen5 Wth more to offer themselves, theirfamilies the community and employe￿. To achleve thls v151on the Charty worked towards 4 strategic alms in 2022-23 as part of our three year Strategy. Thts wa5 the final yearof a three yearstrategy: l. To be a young person ￿d, inspirational. well accessed youth provlslon wtth hi8h re8uLqr attendarKe and high active membershlp. 2. To be an org8nisation where staff and volunteers demonstrate the values of the Youth Zone so that young people learn and th￿ve through opportunlty ffleet the expected standards of behavlour. 3. To be a le3rnlng and developing organi￿tIon whlch 5UPPOrts and encourages growth wlthln ygung people, programm? dellvery. the team and volunteers. To be a 5ustsinable or8aThisatlon which uses its ￿$OUr¢e5 reswnsibly and effectivety and ha5 a long-terrn posltlve Impart on the local corHmunilv. Within the 4 stratewc airn5 there were 11 goals that Trurtees periodically MOn￿o￿d the pro8re5s agalnst and provlded supwrt to the Senior Management in identlfylng and drlving forwards areas of developrnent. We are pleased to report that over the three year period of the strategy. 9 out of 11 goals have been deemed to be completed and 2 out of 11 goals have been deemed to be partially met. In collaboratlon wlth our stakeholders the Chartty has ￿tentIV introduted a new three year strategy whKh will build on the foundatlon of Dur successes as well as coTrtinLE our future development. Through our work, we embrace S organlsatlonal values: l. Youn8 people young people are at the heart of everything we do, inspiring and challenging us to delNer servlcÈs that exceed their needs and challen8ethem to be the best they can be. 2. Excellen￿.. we encourage ourse￿e5 and each other to be the best we can be through contlnuous learnlng and Improvement and a focus on findlng solutions. Respect: we act wlth honesty and integrity. celebrating dSverslty across the whole or8anlsatton and carlng about each other. ouryoung people and the Youth Zone erwironment. AmbStlon: we are passionate and drl¥en In taking on new challenges, embraclng new Ideas, and exceedin8 our ambltlons for young people, thèyouth Zones and our local cornmunltles. 5. Coll4boratlon.' we wlll create and nurture stron& ¢￿at￿ve partnershlps, worklng together to achleve better results and outcomesforyoung peop￿. Barking & Dagenham Youth Zone Page 4 Trustee5' Report and Financlal Statements For the year ended 31 March 2023 AcNevtments and perfomian¢• Ourtearn of committed and dlver5e colleagues have shown 5ncredible passlon and commltm?nt to dell¥erln8 excellent youth work whlch has resulted in the folbwln8of successes- In totsl we have been vlslted by young people a totsl of 171W8tin*s SIn￿ we opened. Our sesslon attendances have been Increaslng over the last year towards levels that we eX￿rien￿d prlor to the P3ndemlc. 9)me sessions have over 200 youn8 people engaglng In posltlve actl¥ltle5. During 2022-23 a totsl of 44volunteers from the local ctsmmunfty supported the Charlty. The Youth Zone ensures that It Is an affordable space for all young people and 1,998 of our regular attendees arè ent6tled to Free School Meals. Jr caterlng team served 28.087 hot rnea15 for young people and 9.969 of those meals were provlded free of charge as part of our Wlnter Hungercampalgn. Slnce openlng In 2019. 13.726 young people have become members of the Youth Zone of which 4.649 young people have been active in the last 12 rnonths. Our Young Leaders programme continued to ensure that young people remain at the heart of our offer and 17 new Young Leaders were trained overthe lastyear. 65% of Members belongto BlacK Aslan and Mlnority Ethnic Groups. The Youth Zone Is an Inclu51ve place for all youn8 people and over IO% of our artlve mernber5 have an addltional need. Ouryouth Zonè is about so much more than lust numbers and each member has a story to tell just likejaylen and hls mum Almee. "Futu￿ has helped me change my hurTh)ur and my happlness. Before l used the be an8ry at school. but Future helped me feel free, relaxed and Is somewhere l ¢*)n't have to worry about thlngs happenlng outside. Future has been some of the best tlmes gf my IKe- Jay￿n, Junior Member -Parentlng15 hard for anyone but thanks to my issues and being a $in8le pa￿nt a lot of added pressure and creates a real need for support especlally for my son. FutUTe Youth Zone has been absolutely amazing sinte day one, they have made Jawen feel like part of the family, dealt wlth my meltdowns and been there for both of usl There's lots of other chlldren Ilke my son who desperatety need the support and a friendly fa￿ they can turn to whenever but a150 a ￿[e space to learn newthlngs and bulld man¥5kills whilst havlnE funl- Almee, Jaylen's mum Flnanclal rèylew PtsIuiiLlul)uiiiiiwi A 5urnrnary of the results is Shown below- 2023 2022 Intomlng resources Outgolng resources 1542301 1,857,215 11,884333) 11,759,572) Net Incomln8 resources 1342,0321 97.643 In 2023 our our8olng resources Increased due to an In year r15e in Staff wages In line wlth Inflatlon whlch cost the organlsation an addltloThal £30.￿0 and a £70,000 inuea* in energy costs from the prevk)us year. Our ener8y costs WIII decrease In 2023-24 due to belngable to secure a more favourable rate w￿h our supplier. Our Incomlng reS¢)ur￿5 red￿￿d cornpared wlth 2022 whlch was partly due to an ln year dec15ion for Babyzone to become a Charlty In It5 own rSght and to dellver its serv]￿5 d1￿CtlY which redU￿d our expetted Income by £1(￿.000. We also experienced a projerted de¢￿aSe In donatlons from our Inltlal group of Founder Patrons who had so generously contributed to our early years of operatlon. However. our 2023 results provlde further evldence that the Charity can achieve 5ignrficant levels of Income durfng challenglng economic periods and the beglnnings of new ineome streams like community fundraising and Income recelved from gfant making bodies. In 2023-24 we expect our our4olng resources to remaln cgnsistent and our Incomln8 resources to in¢r8ase as a result of continuin8 efforts ID devebplngdifferent incorne stream5. Barking & Dagenham Youth Zone Trustee5' Report and Financlal Statemenls For Ihe year ended 31 March 20Z3 Page 5 Floa￿1•1 r•¥l•w ltontlnuedl Fundlng for the ongoing operatlng costs of the Youth Zone Is currently derlved frorn patrons who responded to the Inltlal Founder Patron fundraising campalgn for the Youth Zone. We cofflrnunlcatè wfth thls key pM)ol of donors on regul?r basls to ensure they are informed and enga8ed as to the lrnpact of the Charlty. Other potentlal 5UPPOrters are regulady sou8ht and enEaged with. We also continue to devekjp our fundra151Trg efforts to secure grants from Trusts and Foundayons. community. corporate and d$8ltal fundr315in& Other intome is derived from young people's membership fees. sess￿￿ fees Isop'sl an*J café 5ale5 where prlclng Is ali8ned with the Onside Youth Zone Network A8reernent to ensure affordabillty for young people and In a ful￿ operatlonal year would generallv account for of our Incomln8 resources. In fu￿re wrs Tr￿￿et$ are aware ihat the 8enerous support of some funders WOII redu￿ or corre ￿ an agreed condush)n and the￿ffft it L8 Irnperat￿e the Charlty contlnue5 Its to ￿￿tr$Ify sDpwrt b35e. Under the Memofandtsm and Artkles of Assotiation, the charitsble company has the p)wer to make any Investment whlch the frustees see fft. Investmeftts are made where required to further the aims and oblects of the Charlty. Currently. the Charfty does not hold any Invesbments otherthan cash on deposit with Handelsbanken plo The Board of Trustees of Future Youth Zone has established a reserve5 poly whlch approprlatéty refietts the rlsks to whlch the Charfty is exposed. Due lo the CU￿￿1 uncertalnty of the econornlc cllmate includlng ￿cent In¢￿aSe$ In costs and on8olng antlclpated Increase In demand for our servlce5 the Trustees have a￿￿ed that the (tharlty wlll contlnue to malntaln the reserve5 pollcy so wecarry &12 months throu8hoLrt the nextfinandal perfod. The ChaTltVs flxed a55et Is critical to the services we provide," In order to rnalntaln and equlp the Youth Zone to a hl8h 5taniJard, a desl8n?ted fund for malof bulldln8 repalrs and renewak5 Wa5 e5tsb115hed In March 2021. 55nce then, the Trustees have 5ntentlonaify both 5nvÈsted Into thls fund, and aLso applled some of thls fundlng Into Improve our faclllties,. at 31st March 2023 the balance stsnds at £444.336. The Cthar￿Y also SO￿ttt to start a designated fund specltlcally for replacing IT equipmeni used by both staff and youn8 people and as at 31, March 2022, the fund was e5tsbllshed wfth £50.C4J]. This was considered a prutlent measure bv rrtthes g￿en that most equlpment L￿d is over 3 years old and to satisfy our ongoing commitmeni of ensurtn8 youn8 people have access to modern technow. The￿ has been a small aNK)LJnt of expenditure ￿lated to thls fund o¥er the last 12 rThJnths and the total balance as of 31st March 2023 Is £49.151. At 31. March 2023 the Charlty accumulated unfesthtted, 'free', reserves lexclLKliDe tht desi8n•t•d fvndsl ol £l.W.348 whlch would cover over 12 months of operating c¢)st> The Trustees manage Future Youth Zone'sfinances so that an adequate level of reserves a￿ malntalned In cthmp1i3n￿ with the ￿serveS F*Jlky. The Chartty vrill miew rt8ulady both the sum It wlshes to hdd in reservts in unre5trirted funds and the ba￿$ for that 14gure patycutsdytonsiderifi8 the onWA8 cost of Itvlrt8 crls15, la511ng impact of the pandert and poteDtlal need for the tharity to incwse Sts servKes. The reseNes pollcy does not conslder eXpend[tU￿ whkh Is Ilnked to ￿$trftted prolects and therefore covered by restrlcted fvnd5. G￿en the curfent posltlon of the Charlty wlth re8ards to Un￿strIcted, 'free'. reserves, the SLKCW of ourfirst few years of fundralslng and the developlng fundralslng artfvrty In new areas the Trustee5 are satlsrted that the Charfty fulti15 the crlterfa forthe goln8 concern prlnclple. This condusion Is a150 derfved folbwln8 the regular. detalled revlew of the forecasted impact of the rlslng c95t of ITvln8 whlch contlnue5 to be reviewed by the Trustees gn an ongolng basls. We have modelled forecast ￿$h flow for th15 perlod taknn8 account of current Cash balance5 and expected Income and expenses. The Trustees are able to report that the char￿ malntalns a posltlve unrestricted. 'free'. reserve and thls alongslde generous pledge5 by exlstln8 and new 5UPPgrtérs tn511res that the Chartty hold5 an opdm15tlc yet cautlous ftnartclal 0￿￿00k. Barking & Dagenham Youth Zone Page 6 Trusteei Ri'port IL nd FinancSal Statements For thè yè3r ended 31 March 2023 Flnanchl re¥lew l¢ontlnuedl The Trustees are alert to the contlnued Impatt of Inflatlonary pressures. 15m￿ed employee pool and other external envlronment factors whlch May affect the long term sustalnability of the Charity,. therefore are supportng the Management Team to dr￿e ambloous plans relatlng to the IdentifTcatlon and development of new fundln8 Streams In the nextye8rto mltlg3te any negative impact. PrlndpolFundlng Sour￿$ &Aundrolslng stutefflent The Trustees would like to place on record their appreclation to all funders of Capital costs assoclated wlth Future Youth Zone. These include,. The London Borough of Barklng and Dagenham, The Queen's Trus¢ The Jack Petchey Foundatlon and 5eroussl Foundatlon Iln partnershlp wlth the UBS Optimus Foundatlos)). The Trustees would Ilke to place on record their appreciation to all funders of revenue msts associated wlth Future Youth Zone. These include.. The London Bcrough of Barking & Dagenham. 11 Foundation, The Abrah8rt Family, Almacantar, Barry Hearn, Bridges Impart Foundath)n, Thè Carter Famlly. The Draper5 Company, Dream Polnt Homes, Peter and Llndy Estlin, Fairbay CharitableTrusr, Fresh Wharf Estates, Green51ade Farnily Foundatlon, Onslde Foundatlon. Omar Abbosh, Paula Hawklns. fara and Mlchelle Brady, the AKO Foundatlon, The Worshlpful Company of Disti51ers, The Jack Petchey Foundation, The Lord Mayorfs Appeal, the Marfa Marfna Foundatlon, the Mindenhall Family, Trust for London. the Watson Family, Countryslde Propertles. TelenL Ford Fund, the Artemis Charthble Foundatlon. Barry Stewart & Sons, Broom Consultants, The Pemberton-Barnes Trust, The Oglesby Charitable Trust, The Rayne Foundatlon. The CareTÈch Foundation. thÈ Rank Foundatlon, ReventU5, Picton. Kate Malone and the All Fired Up aurtion, Grant Gorden, Henry Rltchotte, Manol Blth31. John Sonnerhed, Mike Yates, Bleu Blanc Rouge Foundation, John and Sally Roberts. Burberry. The Charle5 S French Foundation, London Youth, The London Marathon Corntnunity Trust, Sport EnEland, The Alaz Foundatlon. Austln and Hope Pilkington TrusL Fowler Smlth and Jones Trust, L&Q- Beam Park, Fusion 21 Foundation, ICG and British WheÈlchair Basketb311. We are 8rateful to the many Founder Patrons who have renewed their 5UPPN)rt, and to those who have joined us as P3trons. We are also grateful to those who afe supportin8 us In other ways, as we dlverslfy our incotne. In November 2022 in partnership with Legacy and Unhas Youth Zones it was Incredible to see the comrnunity pull together to support our Crowdfunder whlch saw 61 champlons raise ￿lSed over £233.011 for Future alone. In partlcular gur most grateful thanks go to the Mlndenhall Famlly and Barry Hearn OBE who matched fvnded donatlons. We are also grateful to the Abrahart and Watson famllles for hostlng a second Golf Day. At thls present tlme the Trustees on conf(rm that the has recelved zeio complaints wlth regards to Its fundralslng work. Through all of our work we ensure full compllance with the Fundralslng Regulator. Plan$ forthe future The Trustees reco8n15e the Smportance buildlng on ihe solld foundatlons estsbllshed during the first few years of operatlon. as well a5 contlnuing to be ambitious for young people and the wlder cornmunity. We are conscious of the impact of the pandemic and the cost of Ilvlng crlsis on young people and wlll therefo￿ be progresslng our plan5 to ensure as many young people as posslble can access a universal youth provision in the borou8h. Imth thls in mind we have developed a new three year 5tr3te8y our stakeholders. The new strate8y will 8ulde our work from 2023-2026 and wlll place young people, cur team and culture and su5talnablllty of the Charity at its core. We are confident that our future plans will ensure that the Charity COlltInu￿ to have a w51￿Ve impact on chlldren and voung people's I￿e$ in Barking and Dagenham. Restrlrtedfvndsonddellvery¢ontrorts The Trustees acknowledge that the Charty currently ha5 obllgatl0n5 to dellver a number of pfolects In partnership with The Jad¢ Petchey Foundation. London Borough of 8arkingand Dagenham. The Rank Foundation. 11 Foundation. The IGY Foundation, Burberry, Ford Fund, Ballvs FoundatTron, Snow Camp. The Oglesby Charrtable Trust, The Rayne Foundatlon, The CareTech Foundation, The 29th May 1961 Foundatlon, Sony Music. Sport England. All Fired Up. CREST. Barry Hearn. 8ritish Wheelchair Basketball. Austln and Hope Pilkington Trust, Fowler Smith and Jones Trust, The Ajaz Foundatlon, Beam Park and the London Borough of 8arkin8 & Dagenharn. These projects enhan¢e our core work and we are grateful those who have funded restrlcted projects In 2022-23. These prolerts are associated wlth restricted funding which must be spent for the purpose5 of the assoclated projects only. Trustees are confident that deltvery of these prolects contrlbutes posltlvety to our core oblectfves and 15 manageable wlthln ourexistlng operatin8 structures. Barklng & Dagenham Youth Zone Page 7 Trustees. Report and Financial Statements For the year ended 31 March 2023 Public benefft &volunteers' ¢ontrlbutlon I the act1v1t1￿ of the Charlty were undenaken to further its charltable purposes for publlc benefit. The prov151on of a hl8h-quallty faclllty for young people In Barking and Dagenham responds to a clear. ongolng demand from young people, parents and tarers and the wider community. Ahhough providing a Sery￿e to all young people. Barking and Dagenham Youth Zone wtll wntinue to focu5 on attendance and participation by young people across the entlre community who will be able to enloy affordèble access to all the facilities thatthe Youth Zone cèn provlde. This wlll lead to Improved achievements and enhan￿d aspirations aryK)ng5t young people of the local communfty. They wlll be happier, healthier and mak2 more constructlve use of their leisure time which wlll ￿ of added beneftt and value to the borou8h. Longer terrn publk beneflts wlll Include improved health, reduced crlme, enhan￿d ￿arnIng and employability and greater communlty coheslon. The Trustees of Future Youth Zone belleve they have complled with the duty In sertlon 17 of the Charltles Act 2011 to have due regard to the public beTrefitgUidan￿ publlshed by the Charfjty Commlsslon. Throughout the period all m2mber5 of the Board of Trustee5 made Invaluable voluntsry contrlbjtlons to the Charltls work In temis of 8ovemance, profe55ional and bu51ne55 experIen￿, flnanclal plannin8* fundraisln8 and leadlng nitlatlves 3cross the Youth Zone. Such contrlbutlons were, on average, equlvalent to one full day each calendar month. Future Youth Zone also has benef￿ from voluntary contributlon5 from members of the local communlty to support work w￿h young people, delfvery of a¢tfv(tles and support wRh adtnln15tratlon and operatlonal actIv￿leS. Conirlbutlons vary In Ume and frequency. but all are Invaluable to the success of the Youth Zone. Barking & Dagenham Youth Zone Pa8e 8 Tru5tee5' Report and Financial Statements For the year ended 31 March 2023 GOVERNANCE R¢ference and adm1n1￿rat[¥e detaNs Barklng and Dagenham yO￿h Zone was Incorpoiated on 16th June 2016 (Company reglstratlon number 102365761 as a company limlted by guarantee and regstered a5 a Charfty on 24th March 2017 (Charlty reglstratlon number 11722471. Tradln8 name Futufe YDUth Zone Registertd officè 201-225 Porters Avenue L)agenham Esse% England RM9 5YX Dlrertors &Tn)stees The Dlrectors andTrustees of the Charlty who served during the peiiDd and were.. K. Andrews Reelected on 12 December 2022 J. Bate5 R**le¢ted on 12 December 2022 Y. Kelly Resigned on 27 February 2023 C. Mindenhall Re*lected on 12 Decernber 2022,. Resl8ned on 13 March 2023 Resi8ned on 26 SeptÈmbÈr 2023 L Ramadhan M. Rantell R. Rowlands A. Slddique A. Valadan Cllr M. Worby M. Yates Resigned on 6 September 2022 Appointed on 26 September 2023 Assnrlatp fni8tpp S. Gnanapandlthan Appolnted on 19June 2023 Chlef Executlve Gavln Evan5 acted as Chlef ExecLrtlvethroughoJtthe perfod. Auditor Michael Gairett FCA Xelnadln Audlt Llmlted 100 Barbirolll Square Manchester M2 3BD Bankers Handelsbanken plc Romford Branch Ground Floor, 3-5 Eastem Road Romford RM13NH Web-slte www.fvture outhzone.or Barking & Dagenham Youth Zone Pagè 9 Trustees, Report and Financlal Statements For the year ended 31 March 2023 Structure* 8o¥emJnce and managtmtnt Governing Document Future Youth Zone Is a company limited by guarantee without share capital and registered under the Companles Act 2(KI6. registratlon number 10236576. The tDmpany is governed by its Memorandum and Articles of Assoclatfjon dated IS June 2016. Management of the compan15 affairs is vested in the co-Dirertor5. It is a Charity re£I5te￿d wlth the Charity Commlsslon on 24 March 2017. In the e￿nt of windlnB UP* the present mernbers and those who have ceased to be a member wthln one year of such event have guaranteed the Ilabllltles of the companyto the sum not exceedingten pounds each. Recruitmentond t7ppoAntmertoJ Trustees fDlrertorsJ The first Dlrectors were the 5ub5criber5 to the mernofandurn as notlfied to Companles House as the first Directors of the Charity. A person appolnted as a Dlrector thereupon becomes a Member ol the Charfjty and a Dlrector who ceases to hold Offi￿ for any rea50n thereupon ￿aSe$ to be a Member of the Chartty. Dlwtors have the power to appolnt. be orrjlnary I*SiJlulivii, aiiy yrisvil Lu Dii¥LLui wliu Is wlllliig Iu dLI SULII. N¥w DlteLlvis wlll Lvd i*iuIL*d dLLuiIJIIi¥ to the needs of the Charlty and the sultabllity of possible caTrdidate5. A Unanin￿U$ approval of existing Dlrectors would lead tothe appointment. The Memorandum and Articles of A550CiatlOll states that the member5 IDlrectorsl shall have no rnaximum and shall not be less th3n three. At the flrst Annual General Meeting all Directors must retlre and seek re-elettion. At each subseovent Annual General Meetlng one thlrd of the Dlrectors are ￿QuIred to ret￿￿ by rotafjon and seek appointrnent If they wish to contlnue. The Member5 of the Charity are its Dlrectors for the tlrne belng and the onty persons ellglble to be Member5 of the Charrty are rf(s Directors. Full detslls of the rules are contalned In the Companvs Memorandum and Artlcles of Assoc(atlon. dated on Incorporatbn on 16th June 2016, whlch may be inspected atthe Future YoLrth Zone registered office. Organlsotlon¢715tNrtiire Future Youth Zone Is governed by its Trustee Board which 15 re5POn5ible for setting the strategic direction of the or8ani5ation and the pollcy of the Charity. The Trustees carry the ulumate responsiblllty for the condurt of Future Youth Zone and for ensurin8 the Charlty 5atlsftes Its lewdl and contractual obligatlons. Trustees meet approxlmatelv every ¢hree months and may delegate the Implementatlon of their deci510ll5 or day to day operation of the organlsation to senlor management. any employee of the Charfty, person or commlttee as they see fft. Any committee must include at least one TnJ5tee. The Trustee Board Is Independentfrom management. Declslons are determlned by a 51Fnple malortty of vote5. In the case of an equallty of votes the Chairperson of the. meetlTrg has the castlngvote. Relotedpartytrunsartlons None of our Trustees recefved remuneratlon or other benefit from their work wtth the charity. Any connecttpn between Trustee or senior rnanager of the Charlty wlrh a connerted party Ilncludln8 donor% suppllers and staffj must be d15closed to the full board of Trustees In the same way as any other contractual relatlonshlp w4th a related partv. Related party transactlon5 are di5dosed In Note 16 to the Flnanclal Ststements. Poypolkv The Trustees. consider the b03rd of Dlrettors, who are the Charlty's Trustees, and the senlor management team cornpri* the key mana8ernent personnel of the Youth Zone In charge of dI￿¢[lng and controllln& runnlng and operatln8 the charlty on a day to day b3sls. All dlrettors glve of thelr tlme freely and no d1￿ctOr received remuneratlon in the year. The rerlluneration of the full staff team Is revlewed annualty by the Investments and Remunerations Commlttee and. If flnancoal resources allow, generally Increase in accordance wlth Real Llvlng Wage and perf0rrnan￿ of staff members. Rlskmunugeme Future Youth Zone utllises a risk wister to re8ulady revlew rlsks assoelated wlth the Charlty. At every Trustee Board meeting the risk reglstsr ts revlewed by the ChadW5 trustees Wrth deeper wlew5 scheduled at least twlce a year. The rlsk register15 maintslned by the Charlvs senlor management team and updaied on a regular basts. The rlsk regi#er Is divided Intothe following categories.. Barking & Dagenham Youth Zone pa￿ 10 Trustee5 Report and Financlal Statements For the year ended 31 March 2023 12 StNrture. zov•marKe and managemem I￿rrtInued) Strategic Operatlonal Governance and Reputstion FacllltlES Rlsks are graded according to the likelihood of occurrfng and the rthnt(al Impact to the Charity. This 15 done both befo￿ and after the addition of corrtrol measures. Where approprfate new risk5 are identlfied or closed In each sectlon and an overall score 15 allocated to each cate80ry to alhjw the Board of Trustee5 to Compa￿ the managementof rfsks to the Charity over a period of time. Over the course of the last year we have seen rlsks closely Ilnk to the p3ndernK ￿dUce in thelr weighting although risks associated wr(h cost of living Increases are becomln8 more prevalent. The Trustèes wlll continue to tonslder how the Charlty wlll be able mttlgats these and other longstsndlng rtsks overthe comingyear. Staternent of Trustees. responsibilrlies The Trustees Iwho a￿ also the Directors of Barking & Dagenharn Youth Zone for the purpose of company lawl are responslble for preparlng the Trustees. Annual Report and the financial statements in 3ccordance wlth appllcable law and Un5ted Klngdom Accountlng Stsndard5 (United Kingdom GÈn@rallyAccepted Accounting Practice). Company law requires the Trustees to prepa￿ flnan¢lal statements for each financlal year, whlch 8lve a true and falr view of the thte of affairs of the charftable company and of the incorne and expenditure, of the charitsble comwny for that perfod. In proparln8 these ftnanclal statements, the Trustee5 are required to.. select Su￿*able accounting policie5 and then apply them conslstentlv observe the methods and prfnclples In the Charltles SORP., makeludgements and esrimates that are reasonable and prudent., state whether appllcable UK Accountlng Standards have been folbwed, subject to any materlal departures dlstlosed and explained In the financial statements.. prepa￿ the flnanclal statements on the going concern ba*s unless It Is Snapprop￿ate to prèsume ihat the charitsble company wlll contlnue In business. The Trustees are re5ponslble for keepln8 4dequate accounting retords that dlsclose with reasonable a￿￿raCY at anv time the flnanclal p051tion of the charitable company and enable them to ensure that the financial statements complv with the Cotnpanles Act 2￿)6. They are also responslble for safeguardlng the assets of the charltsble company and hente fortaklng reasonable stepsfor the preventlon and detection of fraud and other Ir￿g￿larIt1es. The Trustees confimi that so far as they a￿ aware, the￿ Is no relevant audlt inforrnation of which the Charlty's auditors are unaware. The Trustees have taken all the step5 tha¢ they ought to have taken as Trustees In order to make themselves awa￿ of any relevant audlt Infom)atlon and to e5tabllsh that the CharltV5 audltors are awa￿ of that Information. IA Cornplianc• with a¢counllnR standard$ In accordance wSth section 414CIIII of the Companies Act 2006 Istrateglc Report and Directors Report) Regulatlons 2013, the cornpany has prepared a St￿teg￿ report, which includes Infomiatlon that would previously been Included in theTrustees' Report. The flnanclal statsments comply wlth current Stat￿Ory requirements, the company's Memorandum and Art(tles of Assoclat(on and the Charities SORP. ststtmÈnt as to disd¢)surÈtoour8udltors In accordance wlth section 489 of the Companies Act 20(fi. a ￿$01￿tIon to re4ppolnt Xelnadln Audlt Llmlted w511 be proposed at the Annual General Meeting. The stees rePrt was approved and was signed on behalf of the Trustees bv: M Yates Chalr. Trustee & Dlrector Date.. 11. 12- zs Barking & Dagenham Youth Zone Page 11 Independent Audltor'5 Report to the Members For the year ended 31 March 2023 Opinlon We have audlted the financlal staternents of Barklng & Dagenham Youth Zone Ithe'charltable company'l for the year ended 31 March 2023 whlch Comprise the Ststement of Flnancial Actwities, Balantr SheeL Statement of Cash Flows and notes to the flnancial statements, Includlng a summary of significant attounting policies. The financial reportlng framework that has ken applied in thelr preparatlon Is applicable law and United Klngdom Accounting Standards. including Flnanclal Rewrting Standard 102 The Flnandal Reporting Standard appllcable In the UK and Republic of Ireland Iunlted Klngdom Generalty Accepteil Accountln8 Practlcel. In our opinlon the flnancial 5tatements'. 8fve a true and falr vlew ol the state of the alar￿able Company's affalrs as at 31 March 2023 ènd of its income and e¥pendrture, forthe perlod then ended,. have been properly prepa￿d in actordance with United KlThgdom Generally A¢￿pted Accountlng Practlce- and have beeTh prepared In accordance wath the ￿qUirementS of the CompaTrles Act 2006. BasFs foropinlon We condurted our audit in accordance wrth Internatlonal Stsndards on Auditing IUKI IISAS IUKII and applicable law. Our re5ponsiblllties under those standards are further descrlbed In the Auditorfs responslbilities for the audltof the financlal 5tatemEnts section of our repon. We a￿ independent of the charftable company In accordance wth the ethlcal requlrements that a￿ relevant to our audtt of the ftnancial statement5 In the UK, Includlng the FRC'5 Ethical Standard. and we have fulfllled our other ethlcal responsibllltfes In accordance wlth these reqUI￿rnents. We belleve that the audit evidence we have obtalned Is sufflclent and appropriate to provide a basls for ouroplnbn. Conclusions relatlng to £oin8 ¢on¢•m In audltlng the finantial statements, we have concluded that the Trustees, use of the golnK con￿rn basis of accountln8 in the preparatlon of the flnanciol 5tsternents 15 approprlate. Based on the work we have performed. we have n¢X Identified any materfal un£ertalntles relatlng to events or condltlons thar Indlvldualty orcollectively* rnay cast sign6ficant doubt on the Charitsble Company's abl1￿ to contlnue as going concern for a pertod of at ￿aSttWefve Months from when the financial statements are authorlsed for i￿￿e. Our ￿SPonSibl11t1es and the responsibilltles of the Trustees with respect to going concem are described in the relevant sectlons of thls report. Other infomwtion The Trustees are re5ponslble for the other infom)atlon. The other Information comprlses the Inforniatlon Included In the Trustees, ￿partOtherthan the flnanclal statement5 and our auditorf5 report thereon. Our oplTrlon on the flnanclal statements does not cover the other Information and, exttpt to the extent otherwise explicitty stated in our report we do nOte¥p￿$S any forrn of aSSUTance concluslon thereon. In connettion wf(h our audit of the flnanclal statements, our reswjnsibiltty is to ￿ad the other Infomatlon and, In dolng $0, consider whether the other Informatlon is materlally Inconslstent wlth the financlal 5tstemEnts or our knowledge obtalned In the audlt or otherwise appears to be materlally mISsta￿d. If we Identlfy such mèterfal Incon51sten¢ies or apparent materlal mlsstatements, we a￿ requlred to determlne whether there Is a material mlsststement In the ftnancial 5tatement5 or a materlal misstatement of the other inf0m￿tion. If. based on the work we have performed, we condude thatthere is a materlal mlsstatement of this other information. we are requlred to report that fact. We have nothlThg to report In thls ￿￿ard. Oplnlons on other matters prescrfbed by the Companles Art Z006 In our opinion. based on the work undertaken in the course of the audit: the Informatlon ￿Ven In the Trustees. report, whlch Includes the DIrectOr￿ report prepared for company law purposes. for the financial year for which the financkl statements are prePa￿d is tOllSi5tent with the finanEiol statements,- and the Directors, reth)rt Included wlthin the Trustees, report has been prepared In accordance wlth appllcable lerdl requirements. Barking & Dagenham Youth Zone Pa8e 12 Independent Auditor's Report to the Members Iconlinuedl For the year ended 31 March 2023 Matters on wN¢h we are requlred to report by exception In the light of the knowledge and understandlng of the charftable company and its envlronment obtsined In the course of the audiL we have not identrfied material mlsstatements in theTru5tee$' report. We have nothing to report in respett of the folbwlng matters where the Ctsmpanles Act 20[￿ requirès us to report to you if, In Ouf opinion.. the information given in the TrLthe'5 Annual Report Is inconsistent in any material respect with the financial ststements,. or the Charitable Company has not kept adequate accounting record5,' or the flTranclal statements are not In agreement with the accountlng records and retums- or we have not recefved all the Information and explanations we require for our audit. the Trustees. were not entltled to prepare the flnanclal statement5 in actordance wlth the STnall companies re8ime and take advantage of the small companles, exemptlons in preparlng the Trustees, report and from the roqulromont to proparo a rtratoalG roport. Respon$1bll￿leS of Trustees As explained more fully in the Statementof Trustees. Responslbilities set out on page 11. theTrustees (who are also the Directors of the Charltable Company for the purp05e5 of company kiwl are responsible foT the preparatlon of the flnanclal statements and for belng ￿tisfIed that they give a twe and falr view. and for s￿h internal control a5 the Trustees determlne 15 necessary to enable the preparatlon of flnandal ststernents thai are free frorn rnaterial rnlsstatement, whether due tofraud or error. In preparin8 the financial 5tatemÈnts, the Trustees are responsible for assessing the charitsble companrfs ablllty to continue as a going concern, dlsclosln& a5 appllcable. matters related to going concem and using the going concein basls of accountlng unless the Trustees either Intend to liquidate the charitable company orto cease operation5, or have no realistK alternative but to do so. Audltorfs responslbllltles forthe audst of the flnanclol statements Our obl￿tIveS afe to obtsin ieasonable assurance about whether the financlal statements as a whole are free frorn Mate￿01 mlsstatemenL whether due to fraud or error, and to Issue an auditorfs report that Include5 our opinion. Reasonable assurance Is a hlgh level of assuran￿. but 15 not a guarantee that an audlt conduLted In accordance wlth ISAS IUKI wlll always detect a material mi55taternent when Tt exists. Mlsstètsments can arise from fraud or error and are consldered materlal ff. 5ndlvldually or in the aggreiote, they could reasonably be expected to Infiuence the e£onomlc declslons of u5erstaken on the basis of these financial statements. Irregularities, includlng fraud, are Instsnces of non-complian￿ with laws and regulations. We de51gn pr¢xedures In Ilne with our reSpon￿bIlItIeS. Outllned above, to detect rnatsrial mi55tatements In respect of irregularitÈS, Includlng fraud. The extent to whlch our procedures are capable of detecting irre8ularltles. Indudlngfraud 15 detailed below.. IdentFfylng and a55P551n8 Potentlal ilsks related to IrreRularttles In Identifying and asSe￿Ing rlsks of material rnlsstatetnent in respect of Irregularltles Including fraud and non- compliance with law5 and regulations we havè considered the followlng.. The nature of th2 industry and sector. control environment and business performance includlng the Charltable Company's remuneration policie5. key drNer5 for remuneration and performance targets. Results of the enquiries of management about their own identthcatlon and assessment of the rtsks of Irregularlties.. Any matters we have identifia hawng obtained and reviewed the company's documentstKin of thelr pollcles and procedures relatlngto.. identifylTh& evaluatlng and complylng wlth laws and wulatlons and whether they were aware of any Instances of noncompliance,. detertlng and respondingto the r15ks of fraud and whetherthey have knowledge of any actual, suspected or alleged fraud.. the Internal controls e5tsbllshed to rn1￿8ate rlsks of fraud or non-o)mpllance wlth laws and re8ulotions,' the rnatters dlscu5sed arnong the audit enRagement tearn TeBardlng how and where fraud mlght occur ID the financlal statements and any potentlal Ind￿torS of fraud. Barking & Da8enham Youth Zone Page 13 Independent Auditor's Report to the Members Icontinuedl FOT the year ended 31 March 2023 As a result of these proceilures, we consldered the opportunitles and Sncentives that may exist withln the organi5ation for fraud and Ident5fied the greatest potentlal for fr3ud In the followlng areas.. revenue recognitlon. In common with all audlts under ISA5 IUKI, we are also required to perform 5pedfic procedures to res￿nd to the rlsk of management overrlde. We also obtrlned an undersfandlng of the Wl and regulatory framework5 that the ChaT￿b￿ Company operates In. focusing on PTOV15ions of those laws and regulations that had a dirert effert on the determlnatlon of mateT181 amounts and disc105ures In the financial statements. The key laws and regulation5 we conside￿d In thls context included UK CompanE5 ACL Charities Act, Health and Safety Law5 and Environmental Regulations. In addltlon. we consldered provlsions of other laws and ￿gUlatIonS th8t do not have a dlrect effeLt on the flnanclal statements but compliance with which may be fundamental to the cornpaTry'5 ability to operate or to avoid a material pena￿v. Audlt response to rlsk5 Identlfied Our prO￿d￿re5 to respond to rlsks Identlfled Included the followlng.. revlewlng the flnanck?l statement dIsclosu￿ and testingto supportlng documentstlon to aS5e&s compllance wrth provlsbns of relevant laws and regulations described as havln8 a direct effert on the financial statement5: enquiring of management concerning actual and potential litigation and claim5,' perfoming analyticèl procedures to Identlfy any unusual or unexpected relationships that may Indlcate rlsks of materlal mlsstatement due to fraud,. reading mlnLttes of meetlngs of those charged wlth governance and reviewln8correspondence wtth HMRC.. and In addressing the rfsk of fraud through management overriile of controls, testlng the appropriaten&5s of jovrnal entrles and other adlustments- assesslng whether the ludgements made In maklng accounting estimates are indicative of 8 potential bia5- and evaluatlng the buslne55 rationale of any 5i8nificant transactions that are unusual oroutside the normal coursE of bu51ne55. We also communlcated relevant Identtfied laws and regulatlons and potentlal fraud rlsks to all engagement team members including Internal speclallsts, and ￿MaIned alert to any Indlcatlons of fraud or non-compllance wlth laws and regulation5throughout the audit. No instance5 of MateTial nonxornplionce were identified. However, the likelihood of detecting irregularltles, Includin8 fraud, Is Ilmited by the Inhe￿nt diffl(ulty in detecrin8 Ir￿gUlarItIeS. the effectlveness of the entlty's controls. and the nature. tlmlng and extsnt of the audlt procedures perfomied. Irregularltle5 that result from fraud mlght be Inherently more difficuk to detect than Irregularities that result from error. A5 explained above. there is an unavoidable rlsk that material misststements may not be detected. even thouih the audit has been planned and performed in accordan with I￿ IUKI. A further descrlptlon of our reS￿nsibIli￿e5 for the audit of the flnancial statements is loKated on the Flfianclal RepDrtln8 Council's web51te at- https'.Ilwww.frc.org.uVaudltorsresponsiblli(ie5. Th￿ description forms part of our audltorfs report. Use of our report Thts report is made solety to the Charltls Members. as a body, In accordance wlth Chapter 3 of Part 16 of the Cornpanies Act 2006. Our audrt work has been undertaken so that we mlght state to the Charitls Mernber5 those matters we are ￿qUIred to state to them ITr an auditorfs ￿ptrrt and for no other purpose. To the fvIW extent permitted by law, we do not a¢￿pt or a55ume re5pon5ibility to anyone other than the Charfty and the Charlvs mernbers as a bodyi forour auditwork, forthi5 reporL orforthe Dpinion5 we have foTmed. NQQaL 100 Barblrolll Square Manchester M2 3BD Mlchael Garrett Isenlor StatutoryAudltorl For and on behalf of Xelnodin Audit Umffied ststutoryAudltors and Chartered Accountsnts Date - 11 De<ÈmbÈr 2023 Barking & Dagenham Youth Zone Page 14 statement ol Finèncial Actlvitles lincluding Income & Expenditure accountl For the year ended 31 March 2023 Note Unrestrlcted R•strl¢ted 2029 2023 TOTAL 2023 Total 2022 INCOME AND ENDOWMENfs FROM: Donations 991￿ 237,174 1228,687 L694.620 char￿able actIv￿leS 119AIO 119,910 99,123 Fundra5slng 2U59 22.SYJ 25.792 In¥e5tmentlncome Bank Snterest 6.608 1,178 otherlncome Other Income 164.S37 164,537 36,502 Totsl Income 1,305J27 237.174 L542301 1,857,215 EXPENDITURE Expentllture on OJorltobleArtlvftles Operating cosls 1,212,223 672.110 1.884,333 1.759,572 Totsl Ex￿ndItUTe 1.212,223 672.110 1.884.333 1,759,572 Net Income{expendlturel Fund balance at l Aprll 2022 904 14349361 1342.0321 Z,909,931 5,495.727 7.805.658 97,643 7,708,015 Fynd bala￿e￿I 31 March2023 14 ZA02￿35 5,(160,791 7A63.626 7,805,658 Barking & Dagenham Youth Zone Balance Sheet As at 31 March 2023 Pate IS Company no.. Charlty no." 10236576 1172247 Note 2023 2022 Flxed a55ets Tangible assets li S,4O0.990 5,S24,912 Cur¥ent 055ets Stock Debtors Cash at bank & In hand 33 49.112 2,321367 2,833 65,978 2,413.799 1373,312 2,482,610 Cred￿5. amounts falllng due within •ntyar 1310,676) 1201.8641 Net wrrent ass¢ts 2,062.636 2.280.746 Net assets 7A63.6Z6 7,805.658 FUNDS Unrestrfaed lunds General funds Designated fund- Repair5 & renewals Deslgnated fund- IT equlpment repla￿￿￿nts L909a48 444,336 49,151 1,785,366 474.565 so,TrJo 2,402*35 5,060,791 2,309,931 5,495,727 Rèstricted furmts 7A63,626 7,805,658 The flnanclal statements on p38es 14 to 22 were approved and authorised foi issue bythe Board of Trustees and si8ned on Its behalf bv.. M Yates Chalr, Trustee & D1￿ctor Date- 11-11. ZS Barking & Dagenham Youth Zone Page 16 Statement ol Cash Flow5 For the year ended 31 Marth 2023 20 2022 Cashflowfrom operatlnÉ artl¥ltles 183A961 226,854 Cash flowfrom investing actiwtie5 Interest recelved Payrnents to acqulre tsnglble fJxed assets 6.608 115.5441 1,178 163,7991 (Decrease) 5ncrea5e In ¢ash and ¢a5h ¢q￿¥￿IentS 192N321 164.233 Cash and cash equivalents at l April 2022 2,413,799 2.249.566 Cè5h and cash equlvzlents at31 Marth 2023 2,321,367 2.413.799 Cash and cash equi￿ltnt$ton$7Sts of: Cash at bank and in hand 2.321367 2,413.799 Reconclllatlon of net Inwmeto net cash flowfrom optrating èctl¥llles 2023 2022 Net lexpendtturel income forthe year De￿￿e[atIon Investment Income Ilncrea5el in debtor5 Increase In stock Increase / l¢Jecrea5el In C￿dItOrS 1341￿52> 139A66 16.6081 I6￿6 97.643 180,660 11,1781 135.2391 108A 115.0321 Net cash flowfrom 0￿ratIng 8rtNities 183N961 226.854 Barking & Dagenham Youth Zone Notes to the Financial Statements For the YL3ar ended 31 DAarch 2023 Page 17 Genwal Inforniatlon Barking & Oagenham Youth Zone is a charltable company Ilmrted by guar3ntee In the Unlted Klngdom. In the event of the Charlty belng wound up, the liability In respect of the guarantee Is Ilrnlted to £10 per mernber of the Charity. The address of the registered Offi￿ Is glven in the a)arity Information on page l of these financlal statements. The nature of the Charfty's operations and prfnCl￿J aCtIv￿(e$ are to bulld, deliver and susraln a network of youth zones. The Charlty constltutes a publlc benefit entlty a5 deftned by FRS 102. The financlal 5taternents have been prepared In accordence wth Accountlng and Reportlng by Charfties.. Statement of Recornmended Pratt￿ appllcable to charfties preparlng thelr accounts in accordance with the Financial Reportlng Standards appllcable in th2 UK and Republic of Ireland (FR5 1021 Issued In October 2019. the Charit￿$ Act 2011 and UK Generally AC￿pted Practice as It applies from I January 2019. Ac¢ountln¥ pollclès Basi5 of preparatlo Statements a￿ prepared in sterling which Is the funct(onal currency of the Charity. The slgnrficant accounting policies applled In the preparation of these financial 5taternents are set out below. These pollcles have been con515tently applied to all year5 presented unless otherwise stated. 11. Funds Unrestricted fijnds are avallable for L￿e at the discretion of the Trustees Sn furtherance of the 8eneral obA￿t￿eS of the Chartyand which have not been designated torother purp05e5. Designated funds comprlse un￿*￿ri￿ed fund5 that have been set aslde bythe Trustees for partlcular purposes. Restritted funds are funds which are to be used In accordancÈ with specific rEStrirtion5 ItllPDSed by donor5 or which hav? been raised by the Charity for partlcular purposes. The cost of ralslng and admlnlsterlng such funds a￿ charged agalnstthe speclflc fund. The alm and use of each restrlcted fund is set out in the notss toth? financlal ststements. 111. IKome retognltlon All incorne is included in the Statement of Financial ActiV[t￿5 ISOFAI when the Charrty is legally entit￿d to the income after any perforrnaThce condltljns have been met, the amount can be measured reliably and it Is probable that the Incomewill be received. For donations to be recognised the Charlty wlll have been notlfled of the amounts and the settloment date In wrfting. If there are condltions attached to the donatlon and thi5 requlre5 a level of performance before entitlement can be obtslned then Income Is deferred unfjl those condttitsns are fully met or the fulfilment of those conditions is withln the control of the Charity and i( is probable thatthey wlll be fulfilled. Expèndhur• EXpendItu￿ ts recognlsed on an accruals basls as a liabilrty is Incurred. Churitoble expenditure Charitsble expendfjtu￿ comprlses those costs incurred by the Charty in the dellvery of Its actIV￿leS and Sery1￿$. It includes both costs that can be allocated directly to such actwities and those costs of an Indlrect nature neCe￿ry to support them. GovemoncÉ costs Govemance costs include those costs assoclated with meeting the constiturlonal and statutory requlrements of the Charlty and include the audltfees 3nd costs Ilnked to the strateglc managementof the Charity. All costs are allocated between the expendlture categorles of the Statement of Flnancial Actlvltle5 on a ba515 de51gned to refieci the use of the resour￿. Costs relatlng to a partlcular artlvFty are allocated d1￿ctlY￿ Others are apportloned on an approprlats basis. Barking & Dagenham Youth Zone Page 18 Note5 to the Financial Statements For the year ended 31 March 2023 Tan8lble fixed assets The totsl value of Fi¥ed assets held in the balan￿ sheet at 31 Mèrch 2022 refflettthe plannlng and development costsof Ihe asset under ¢oNstruttion. These balances comprfse of some items Whe￿ the value15 less than £250 as the purehase Is deemed to be necessary to brlng the project Into a fully operational p05itiOn. Upon ownln8 of the Yolrth Zone and In future perlods thereaftèr any purchase costln8 le55 than £250 will be expensed In the Ststernent of Fln3nclal Activltl25 at cost and any asset costlng rnore than £250 will be capitsllsed and Included on the Balan￿ Sheetat cost. Flxed assets a￿ depreckted so as to wrfte off the cost or valuatlon, less antlclpated re51dual value, over thelr antlcipated useful Ilyes. sublectto annual review as follows.. Youth Zone leasehold property overthe term of the lease Computerequlpment over 3 year5 Flxtures and equipment 25% reducing balancel over3 years Debtorsand uedltors recelvablelpayable Mthin oney•ar Debtors and credltors wlth no ststed Interest rate and receivable or Payab￿ wkhln one year are recorded at transadlon prke. Any1055e5 arlsSng from lrnpalrrnent are reco8nised In expendlture. The entty only has basic financlal Instruments. ¥ll. Tèx The Charlty Is an exempt Charlty wtthln the meanlng of schedule 3 of the Charr(ies Act 2011 and Is considered to pass the tests set gut In Paragraph I Schedule 6 Finance Act 2010 and therefore It meets the deflnltion of a charitsble cornpanyfor UK cotyoratlon tax purposes. ¥tH. GolN¥ concern The financlal statements have been prepared gn a golng concem ba51s as the Trustees belleve that no rnateiial uncertaintles exlst. The Trustees have consldered the level of funds held and the expeLted level of income and expenditure for 12 month5 from authorising these financlal statrments. The budgeted Incorne and expendlture Is 5ufflcient wf(h the level of reseryes for the Charityto be able to tontlnue as a going contsm. Pen￿on5 Contriburions to defined contyibutlon plan5 are recognlsed a5 an expense In the period In whlch the related servite is provided. Prepald contrlbutlons are recogn15ed as an asset tu the extend rhaithe prepayrnent wlll lead to a reéuctlon In future payments ora cash refund. Governmtntgrants Govemment grants are recognised on the accrual mcKlel and are measured at falr value of the asset recelvable. Grants are classrfied a5 relating to eithei other income or to assets. Grant5 related to other income are ￿COgniSed in the profft or loss over the pefiod in which the related costs are reco8nlsed. Grants relating to assets are ￿COgnised over the expetted useful Ilfe of the asset. whe￿ part gf a grant relatlng to an a55et is deferred, it Is recognlsed as deferred Income. Donatlons Unrestrfrted 2023 Restrlcted 2023 TOTAL 2023 2022 Donatlons- capltsl Donations- general Grants. trusts & foundatlons Other patrons Founder patrons 59,159 244,860 163,316 524,178 59.159 367,861 19B,562 603,105 2.358 394.432 194,646 1,053,184 35.246 78,9Z7 991.513 237.174 L228,687 1.694.620 Barkin8 & Dagenham Youth Zone Note5 to the Financial Statements For iho year endod 31 M4irih 2023 Page 19 IrKomtfrom ¢￿rft8b1e A¢ii¥ities Unrestricted Rèstricted 2025 2023 TOTAL 2023 OTAL 2022 Young people Catering income Fa¢llity hlre Baby zone 41.197 65,379 1656 10.678 41,197 65,379 2,656 10,678 37,861 61.262 119.910 119PIO 99.123 Incomèfrom other fundralslng actmtles Unr•$trirt•d R•strkt•d 1023 20ZS TOTAL 2023 TOTAL 2022 Communlty Respome 22,559 22,559 25,792 22,559 22,559 25,792 Operating costs Unrestricted Re5trirled 2013 2023 TOTAL 2023 TOTAL 2022 Wages & Salaries ency & Freelance staff 5tsff travel Staff Training stsff unrforni Ljcences Telephones 818,470 6,SSI 4,882 415,174 1,23a,644 6.551 5.196 11.811 3.516 3.726 1.119,534 11.703 7.122 7,881 6,811 314 1.631 3,516 3,n6 6A54 24J85 4B,049 L685 4.971 24385 63,652 1,757 5.102 25,172 91,214 11,189 9.365 298 9,459 7,133 22,618 233 8,592 88,334 69.264 18.875 180.660 I,B(YJ 6.400 Profe551onal & consU￿ncyfees Sundry expeD5e5 Prlnung, postage, stattonary Hospltallty Marketln8 & comrns Recrultment & DBS checks Onslde Network Donatlon Volunteerin8 Costs lexcludln8 DBSI Fundraising c05t5 Prernises costs Sessional dellvery tosts Caterln8Jcafé costs Depreciation Bank charges Auditfees 15,603 71 64 3.085 4.751 6.082 25,000 190 L233 134*57 27.953 61NI 7.836 6.082 25.IMIO 203 3.830 160A26 78.734 79,081 139,466 2,597 25,969 SO,781 17.210 139A66 9,403 7.970 7,970 1.212,223 672.110 1,884,333 1.759.572 Taxatlon Barking & Dagenham Youth Zone Is a registered Charity. All the company's income 15 applied to its charitable objertNe5 and the Company Is therefore exempt under cuiient legislatN)n frorn m05tforms of tsxation. Net irtome lexpendlturel 2023 2022 Net income/ movement in funds is stated after char8in8'. Deptsciatlon of tsngible fixed a55ets Aud)t fee 139,466 7,970 180,660 6,400 Barking & Dagenham Youth Zone Page 20 Notes to the Financial Statements For the year ended 31 March 2023 Staff Msts and numbers 2023 2022 Wa8es Soclal securlty Penslons I.133￿67 79,997 19,780 1,027.636 73,915 17,983 L233,6 1.119,534 The emoluments of one Mern￿r of staff Includlng benefits but excluding employer pension costs fell wthSn the range from £70.CKJO- £80.0(M).12022- £60,000 to £70.OLk)l. 2023 Number 2022 Number Average numberof ernployee5 70 61 io Trust•0 remun•ration and expen585 There were no Trustee5' remuneratlon. beneffts or expen5e5 pald for the year ended 31 March 2023 nor for the year ended 31 March 2022. li Ta￿l￿1¢fiXed asset5 e¢¥sehold Computer FL*tvres & Property Équlpment equlpment TOTA£ Cost At l April 2022 AddltlOll5 S.769￿61 64.038 9,951 226,369 S.593 6.060,068 15,S44 At 31 March 2023 5.769,661 73,989 231,962 6.075.612 Dtpredatton At l April 2022 Charge forthe year 327.Z02 115A92 57A53 4,656 150.501 19A18 S35.156 139A66 At 31 Ma￿h 2023 442.594 62.109 169.919 674.622 Net book value At 31 Marth 2023 5,327067 li￿80 6Z.043 5Ath),990 At 31 March 2022 5,442,459 6,585 75,868 5.S24.912 12 Debtors 2023 2022 Trade debtors P￿payMentS and accrued Incorne 48,698 414 48,945 17,033 49.112 65,978 Credltors.. amounts falllng duewtthln oneyear 2023 2022 Trade creditors Soclal securlty & pen*ons Wages Accruals and deferred Income 55.069 39.661 79.673 136.2n 42,693 34,742 68,256 56,173 310.676 201,864 Barking & Dagenham Youth Zone Page 21 Notes to the Financial 5tatementS For the year ended 31 March 2023 M0￿mÈnt in The movement In fvnd$forthe year 15 as follows.. Opening &71on Uoslng &wlun¢e Income Expenditure Tronsfer Unrertrltted fuThJs General funds DeslgnatÈd fund- Repair5 & renewals Deslgnated fund- IT equipment repla￿MeTrts 1,785,366 474.565 50,000 1,305,127 11,212,223) 31,078 1,909.348 130.2291 4M4J36 18491 49.151 2,309,931 1,305,127 11,212,223) 1402035 Restrfrted funds Fixpd Rank Foundatlon Wooden Spoon 5 Ways Wellbeing Jack Petchev IGY Burberry Ford Sport England Volleyball CREST Pottery Clubs Glrls Football Barry Hèarn Project E50k Wheelchalr Basketball Babyzone Austin & Ho Sony Project Culture of He3￿h eam Park-unrestritted Ily's Foundation LBBD Easter Hollday Club IHAFI Summer Hollday Club IHAFI 4,174IR9 7,963 10,174 1119,Jfifil 117,5221 110,1741 112,5001 16,0851 1131,9861 110.0601 122.1861 14,2531 112,5141 11,chJoi 11,5001 150.0001 110.2601 173.2711 17,0001 130,0001 119.3281 14.5C4)1 165,6311 115,9971 126,8771 S,nl49?4 9,559 12,500 13.514 6,991 142,235 10,Z49 10,060 22.186 5.452 12,514 1,000 I,soo 50.000 10.2 L199 73.271 30,000 19,328 4.500 14,927 15,997 26,877 50,704 Total restrl