2021-03-31-accounts - Croydon Youth Zone

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progress	t	o identify and d	evelop new funding streams in the next yea	r to mitigate any negative impact.
Summary		financial review
A summary		ofthe results	is shown below:	2021	2020
				E	f
Incoming		resources		1,961,760	3,136,112
Outgoing	resources			(1,608,955)	(1,201,903)
Net incoming resources				352,905	1,934,209

					2021	2021	2021	2020
				Note	Unrestricted	Restricted	TOTAL	TOTAL
					E	E	6	E
INCOME
Donations and legacies
Donations					1,236,987	578,314	1,815,301	3,025,840
Income from	charitable		activities		48,585		48,585	101,874
Fundraising	events							276
Investmentincome					591		591	1,194
Other income					97,283		97,283	6,928
Total income					1,383,446	578,314	1,961,760	3,136,112
EXPENDITURE
Expenditure on charitable		activities
Operating costs					929,471	679,484	1,608,955	1,201,903
Total expenditure					929,471	679,484	1,608,955	1,201,903
Net income				10	453,975	(101,170)	352,805	1,934,209
Fund balance at 31March		2020			840,241	6,449,247	7,289,488	5,355,279
Fund balance at31March		2021		15	1,294,216	6,348,077	7,642,293	7,289,488

Croydon	Youth Zone	Youth Zone	Youth Zone			Page 17
Balance Sheet					Company no:	10405820
Forthe year ended 31March 2021					Chanty no:	1173107
				Note	2021	2020
					6	6
Fixed assets
Tangible assets					6,338,959	6,487,967
Current assets
Debtors				13	21,395	37,213
Cash at bank	and	in hand			1,435,900	895,827
					1,457,295	933,040
Creditors: amounts falling			due within one year	14	(153,961)	(131,519)
Net current	assets				1,303,334	801,521
Net assets					7,642,293	7,289,488
FUNDS
Unrestricted	funds			16
-General funds					1,194,216	840,241
—Designated	fund	- building	repairs		100,000
Restricted funds				16	6,348,077	6,449,247
					7,642,293	7,289,488

				2021 6	2020f
Cash flow from operating	activities			605,717	1,644,944
Cash flow from investing	activities
Interest received				591	1,194
Payments to acquire tangible		fixed assets		(66,235)	(1,768,566)
Increase in cash and cash	equivalents			540,073	(122,428)
Cash and cash equivalents	at	1April 2020		895,827	1,018,255
Cash and cash equivalents	at	31March 2021		1,435,900	895,827
Cash and casii equivelwils	consists ui.
Cash at bank and in hand				1,435,900	895,827
Reconciliation ofnet income		to net cash flow from operating	activities	2021	2020
				6	6
Net income forthe year				352,805	1,934,209
Depreaation				215,243	122,620
Investment income				(591)	(1,194)
oecrease/(increase) in debtors				15,818	(11,699)
Increase / (decrease) in creditors				22,442	(398,992)
Net cash flow from operating		activities		605,717	1,644,944

Donations					Unrestricted	Restricted	TOTAL	TOTAL
					2021	2021	2021	2020
					E	E	E	E
Donations - Capital								1,750,000
Donations -General					6,378		6,378	28,271
Grants, Trusts	&Foundations				71,151	578,314	649,465	40,319
Local Authonty					300,000		300,000	250,000
Founder Patrons					810,000		810,000	917,250
Corporate Donations					22,333		22,333	40,000
Community Donations					3,371		3,371
Other Patrons					15,000		15,000
Digital Donations					8,754		8,754
					1,236,987	578,314	1,815,301	3,025,840
Income from	charitable			activities	Unrestricted	Restricted	TOTAL	TOTAL
					2021	2021	2021	2020
					E	E	6	E
Annual Membership		Fees			1,740		1,740	37,335
Entry Sessional	50p's				2,530		2,530	13,561
Holiday Club					22,725		22,725	256
F nrernri sr In rnmi					can		140
Catering income					12,379		12,379	46,681
Room/Facility	Hire				9,071		9,071	4,041
					48,585		48,585	101,874
Other income					Unrestricted	Restdicted	TOTAL	TOTAL
					2021	2021	2021	2020
					E	E	E	E
CQVID-19- job	retention		scheme		92,744		92,744
COVID-19- other					4,539		4,539
					97,283		97,283

Operating costs					Unrestricted	Restricted	TOTAL	TOTAL
					2021	2021	2021	2020
					E	f	E	f
Staff wages &salanes					684,846	435,800	1,120,646	824,484
Stafftravel expenses					495		495	4,384
Recruitment & DBSchecks				(staff &volunteers)	863		863	11,310
Staff training Ik welfare					5,431		5,431	8,703
Uniform					2,648		2,648	3,661
Telephones (landline		&	mobiles)		6,834		6,834	7,222
I.T.Website &Software					16,227		16,227	5,402
Professional &Consultancy				fees	3,253		3,253	1,954
Licences					10,739		10,739	6,830
Other Supplies & Sundry			costs		2,044		2,044	1,432
Insurance					27,513		27,513	15,125
Printing, Postage	&Stationery				5,068		5,068	6,411
Hospitality					133		133	246
Mw Lu(lux &Cui i	n iis				6,697		0,697	b,l/9
Fundraising costs								496
OnSide Network	Donation				12,750		12,750	9,916
Volunteer costs					147		147	363
Utilities					48,265		48,265	30,184
Premises costs					42,796		42,796	49,882
Sessional consumables-			all	depts	28,172	28,441	56,613	31,678
Cafe 8 catering					17,452		17,452	47,529
Bank charges					828		828	692
Depreciation						215,243	215,243	122,620
Audit fees					6,270		6,270	6,200
					929,471	679,484	1,608,955	1,201,903

Staff costs and numbers	Staff costs and numbers	Staff costs and numbers	2021	2020
			f	E
Wages			1,048,290	776,783
Social security			57,032	37,076
Pensions			15,324	10,625
			1,120,646	824,484
No employee	earned	more than f60,000 in the year (2020:None)	2021	2020
			Number	Number
Average number ofemployees			97	75

10	Net income								2021	2020
									E	E
	Net income / movement		in funds is stated		after charging;
	Depreciation oftangible		fixed	assets					215,243	122,620
	Auditor's fees								6,270	6,200
11	Tangible fixed assets					Land	&	Computer	Fixtures tt
						Property		Equipment	Fittings	TOTAL
							E	E	E	E
	Cost
	At 1April 2020					6,281,030		64,817	265,289	6,611,136
	Additions					7,174		8,915	50,146	66,235
	At 31March 2021					6,288,204		73,732	315,435	6,677,371
	Depreciation
	At 1April 2020					71,041		16,756	35,372	123,169
	Charge for the year					125,675		22,715	66,853	215,243
	At 31March 2021					196,716		39,471	102,225	338,412
	Net book value
	At 31March 2021					6,091,488		34,261	213,210	6,338,959
	At31March 2020					6,209,989		48,061	229,917	6,487,967
12	Capital commitments								2021	2020
									E	E
	Contracted for								82,215	82,215
	Capital commitments	represent		outstanding	building	works by a contractor,
13	Debtors								2021	2020
									E	E
	Trade debtors								6,360	25,000
	Prepayments and accrued		income						9,785	7,072
	Other debtors								5,250	5,141
									21,395	37,213

Creditors: amounts	Creditors: amounts	falling due within one	falling due within one	falling due within one	falling due within one	year			2021	2020
									f	f
Trade creditors									31,321	32,551
Accruais									12,561	5,400
Other taxes gr social		security							29,350	23,467
Pensions control									3,437	2,736
Net wages									76,900	67,365
Other creditors									392
									153,961	131,519
Funds
The movement in	funds		for the year is as follows:
						Opening				Closing
						Rxlanri	Income	Fxpenditore	Transfer	Ralenre
							f	f	f	f
Unrestricted funds
-General funds						840,241	1,383,446	(929,471)	(100,000)	1,194,216
- Designated fund	—building				repairs				100,000	100,000
Total unrestricted	funds					840,241	1,383,446	(929,471)		1,294,216
Restricted funds
Fixed Assets						6,405,591		(215,243)		6,190,348
Sensory Room Equipment				(various funders)		16,764		(3,425)		13,339
Jubilee Trust						392		(392)
Jack Petchey Achievement				Awards		1,500	1,500	(509)		2,491
Big Local Green						25,000		(4,456)		20,544
Anonymous -laptop		computers					25,000	(23,845)		1,155
Young Londoners	Fund						55,741	(37,671)		18,070
Table Tennis England							1,050	(475)		575
Babyzone							6,227			6,227
Jack Petchey COVID							4,992			4,992
Queens Commonwealth			Fund				5,000			5,000
Arts Council							14,864	(14,864)
CMC							303,940	(303,940)
Sports England							10,000	(10,000)
Anonymous - Fundraising				Initiative			150,000	(64,664)		85,336
Total restricted funds						6,449,247	578,314	(679,484)		6,348,077
Totalfunds						7,289,488	1,961,760	(1,608,955)		7,642,293
The movement in	funds for the prior period					is as follows:
						Opening				Closmg
						Balance	Income	Expenditure	Transfer	Balance
						f	f	f	f	f
Unrestricted funds						554,768	1,363,937	(1,078,464)		840,241
Restricted funds						4,800,511	1,772,175	(123,439)		6,449,247
Total restricted funds						4,800,511	1,772,175	(123,439)		6,449,247
Total funds						5,355,279	3,136,112	(1,201,903)		7,289,488

Funds (continued)	Funds (continued)
Restricted funds		at 31March 2021comprise the following:
Legacy Restricted		Funds			Description
Sensory Room Equipment				(various funders)	A collaborative project with support received from Wooden Spoon, the
					Toy Trust and James Tudor Trust, which enabled us to equip our
					sensory room with the high quality resources to support young people
					with additional needs.
Jubilee Trust					Provided us with funding that enabled us to purchase outdoor cinema
					equipment, netball equipment and football equipment for our young
					people
Jack Petchey	Achievement			Awards	Have helped us to begin to recognise the achievements of young
					people at Legacy since February 2020.
Big Local Broad Green					Funding to develop a fully equipped Library within Legacy, complete
					with bespoke book cases, desks, computers and staffing to support
					young people with school work, reading and computer skills
Anonymous	- laptop computers				Donated funds to purchase laptops for young people who did not have
					access to a device at horne during national lockdowns, to help support
					with their school work and general well-being
Young Londoners		Fund			Funding Legacy's employability programme '¹Empowered', supporting
					young people at risk of exclusion, social isolation or criminal behaviour
					to find a iob, work experience and apprenticeships through targeted
					workshops
Table Tennis	England				Funded outdoor table tennis equipment to establish a table tennis club
					for young people at Legacy
Babyzone					A grant to develop a free, walk-in mother and toddler group, breaking
					down barriers for parents who may struggle to access traditional
					provision
Jack Petchey	COVID				A grant to help us deliver crucial health and wellbeing support by
					contributing 209' ofthe project costs to be delivered between April and
					October 2021. Funding the youth workers that make this possible in the
					recreational area, wellbeing rooms and through our sports provision.
Queens Commonwealth			Fund		A grant contributing towards our Enterprise offer, supporting young
					people to develop their business acumen in a fun and relaxed setting
Arts Council					A grant to support the momentum built with our creative offer for the
					young people of Croydon.
					Funding our dedicated arts worker, to ensure we could continue to
					offer young people in our community a varied and creative arts and
					culture offer during lockdowns.
CMC					A government grant to support Youth Zones across the OnSide network
					to deliver our essenital youth work services for young people in a post-
					COVID world.
Sports England					Funding to support our building costs during lockdown, including
					utilities, security, maintenance and cleaning
Anonymous -	Fundraising			Initiative	A grant to help develop Legacy's fundraising team through establishing
					new income streams and supporting the charity's overall sustainability

Analysis ofnet assets between	Unrestricted	Designated	Restricted	Total	Total
	funds	funds	funds	funds	funds
	2021	2021	2021	2021	2020
	6	6	6	6
Tangible fixed assets			6,338,959	6,338,959	6,487,967
Net current assets (liabilities)	1,194,216	100,000	9,118	1,303,334	801,521
	1,194,216	100,000	6,348,077	7,642,293	7,289,488
	Unrestricted	Designated	Restricted	Total	Totol
	funds	funds	funds	funds	Funds
	2020	2020	2020	2020	2019
	6	6	f	f	f
Tangible fixed assets			6,487,967	6,487,967	4,842,021
Net current assets	84,241		(38,720)	801,521	513,258
	84,241		6,449,247	7,289,488	5,355,279