## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |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| ## ## ## |15|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|funds|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|