Registefyd nUMr. 10405820 Charity numbor: 1173107 CROYDON YOUTH ZONE IA company limitsd by guarantee) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
CROYDON YOUTH ZONE {A comp•ny limited by guarnntse) CONTENTS Page Roferoncg and adrninislnliva detalls of the Charity, its Twstees and advisèrs Ch•irfs statement Trustees. report Independenl •uditorfs report on tho financlal statemonts statèmont of financial ¥¢tlvitlo$ 3-11 12-14 15 Balanu sheet 16 Statement of cash flows 17 NotM to th¥ financlal $tstsments 18-33
CROYDON YOUTH ZONE IA company Ilmlted by guarnnts•) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2022 Trustees O Adekoya M Byrne S Oavies D Dunlop D Morris R Patel N Sleep, Chair (resigned 11 October 20221 8 Ahmed lappoinled 23 February 20221 G Chizea (appointed 23 February 2022} M Lewis (appointed 11 October 20221 Company registered numbor 10405820 Charity r8gistsr•d number 1173107 Rogl$tgred offlco Legacy Youth Zone 125 Whitehorse Road Cryodon CRO 2LG Chi•f ax•eutiv• officer B Shelboume Independent auditor Crowe U.K. LLP 3rd )loor The Lexicon Mount Street M8nche5ter M2 5NT Bankers Handelsbanken plc 2nd Floor, Sirnpson House 6 Cherry Orchard Road Croydon CRO 6BA Page 1
CROYDON YOUTH 20NE {A ¢ompany limitsd by 9uardntse) CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 31 MARCH 2022 The chair presents their statement for the year. 'Coming together is a beginning., keeping together is progress,. worting together is success., Edward Everett Hale. This staternenl is a great 3ummary of where Legacy Youth Zone is as an organisation. The strength and success of the charity 15 based on collaboralirjn betrween young people, community. private seetor and the local authority. This ha5 very muth been demonstrated over the past the years, since the youth zone opened it's doors. It is the worfd working perfectly and is only the beginning of the great impact Legacy can have in South London. Between 2021 and 2022, Legacy has had nearly 50,000 visits! That's 50,000 limes young people have walked through our doors to engage in OUT offer. Over 2500 new mernbers have slgned up over the last 12 months. On average, we've had a thousand visits per week and we've had over 10,000 members registered Since we opened. Young people have been on various trips including skiing. trekking through the Scotbsh Highlands, as well as many others around the county. We launched our partnership with Global Sports Brand UFC and we've begun a music develop programme wlh Sony Music. Young people have performed in drfferent venues including Croydon'5 8oxpark, at Croydon's got talent and they've even been put through to auditions for the Wesl End'5 Lion lfjng. Dozens of young people have als¢ graduated through our Empowered employability programme and Secured a job or a place at ¢ollege or university. This couldn't have happened and continue to happen without all of the people involved in Legacy Youth Zone, from our team of staff and volunleerg, tts our incredibly generous supporters Some of whom are listed on the nest page, who conliriuously go above and beyond to make Sure young people have a bright luture. As the quote says, 'keeping together is progre5s° and Legacy wll only be able IQ sueed and change young peoples lives rf all the partner5 remain together. This is the biggest challenge of all but we love worknng with all our supporters lo build long lasting and meaningful relationships, not just transactional ones. Ml the different individuals who are part of Legacy make it what it IS. We've managed to make it through Covid's immediate impact, but we're still dealing wth the lasting effect, and as we contsnue to deal with the cost of living crisis. Legacy will be here for young people. DuTing Covid, and the various reslriclions, we've been so thankful for the support of our generous donors who enabled us to continue making Sure Legacy vas providing a safe and inspiring place for young people. Unfortunately, now it is really becoming more apparent that we are far from being out of the woods, with some of our supporters not able lo continue wlh us on ourjourney, and so now more than ever, we need more organi5ations and individuals to become part of the Legacy family. We need to continue to young people ffirst and make sure that their needs are at the forefront of all we do, they are why we exist and we want to see them thrive and grow. to reach their potential. It's a simpl¢ ncept and. ifwe get il right, it wll have an enormous impact on our members. lives, on the communty, and on those around them. Lefs keep going and growng together. to help young people become the best versions of themselves, and to keep making sure Legacy succeeds in its mission, ahayS being mindful that it IS 811 of our responsibilitses to equip the next generations wlh the things they need to reach their potential. and remembering we Can only do it this together. Ag always thank you for your all your wonderful support, patience, encouragement and trust. and we always look fDNard to welcoming you lo Legacy to show YDU how much impact your support has on our members. live5. Rupa Patel Deputy Chair, Company Director and Trustee Date.. 12 December 2022 Page 2
CROYDON YOUTH ZONE IA company Ilmlt¢d by guaiantse) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2022 With special thanks lo our generous supporters who help to impact thousand5 of young people through Legacy Youth Zone. A huge thank you to all of our wonderful funders! ROSSTREE cx4RI THE TAYLOR FAMILY FOUNDATION SONY RELIEF INNEED CROYDON WWV4.croydon.gov.uk REEDHAM dentsu Children's Trust ni four acre trust I MILLWOOD... CHEQUERS YOUR LONDON AIRPORT qa/¢éYcL OENOVO MAYOR OF LONDON VISTRA IAYL£ 5 APPEAL +Tr CHARITY Anonymous Who we are Groydon Youih Zone, named 'LegacY by young people. is a purpose-built facility for the borough's young people aged 8-19, and up lo 25 for those wth additional needs. Legacy is located on Whitehorse Road in Croydon. It as officially opened in September 2019 to provide a safe and inspiring place for young people, where they can gain help to reach their potential. Page 3
CROYDON YOUTH ZONE (A company limlted by guar•nt•el TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2022 Legacy Youth Zone is part of a network of similar independent youth ¢)rganisations that all share the same principles. developed by the Charity Onside Youth Zones. Legacy was the third Youth Zone to open in London in 2019 and the fiTSt in South London. Onside has been building 2151 Century youth facilities a¢rc>SS the UK for the past 12 years. based upon the hugely successful Bolton Lads and Girfs Club model an organisation estsblished 125 years ago. Youth Zones have now been established in several other towns and ¢'eS across th8 UK and young people from Croydon have access to a variety of fantastic activitie5 for a cost of only £5 for an annual membership and 50p per visit, as well as having aesS to a hot meal for only £1. Legacy provides a safe enwronment, where young people can spend their leisure time, helping each young person lo raise their aspirations as well as improve their physical and mental healih. Up to 20 different a¢bvities take place each evèning, induding football, boxing, dancing. climbing. creative arts. music, drama and cooking. all for just 50p per visitl The Youth Zone also provides more targeted youth work activities such as employability support and mentoring. Legacy works in the community in collaborab.on with other local organisations induding s¢hools and the police. Legacy Youth Zone began its third operats.onal year as the restrictions of the global pandemic were beginning to ease. As the pandemic restrictions reduced. the Youth Zone was ae to host larger numbers of young peop18 and resume opetating at pre-pandemic levels. We were extremely fortunate to have our patron5 continue lo support us through the duration Df the pandemic which we're very grateful for. However due to economic Pfessures as a resurt of the pandemic, some donors were no longer able lo renew their financial support. Despite thbs challenge, the Legacy fvndraising team have continued to engage with new potential sUPPOrters and launch new fundraiging inits"ab"veg. We are etemally gratefvl to our patrons who have renewed their support and Continue to grow wth the charty, helping change the live5 of thousands of young people. The fundraising team has delivered a programme of fvndraising challenge$ that have engaged the communty, improved the website to enable easier navigats"on. increase donations, and delivered a number of business breakfasts, as well as continuing other ftJndr8ising 8cty"vities. Onside, a national young people's charity, connects the current 14 independent Youth Zones across the UK into collaborative NeOrk, thIch includes Legacy. Legacy works on variou5 inib"atives wthin the network to enhance the opportunib.es for young people. expand the reach of the Youth Zones nthork. and improve the quality of youth support available for young people. Legacy has continued to work wrth Onside lo access additional finaneial support and has been developing Pan London fundraising inthatives. Legacy has continued lo promote itself across the community to ensure that as rnany people as possible are aware of the Youth Zone and what (c has to offer. The Youth Zone has been able to begin developing more partnerships Wth other Drganisations in the area to enhance youth support services that young people are able to access. The charity has been able to complement the work of other organisations in the youth work sector. As well as its core offer the Youtr Zone conb.nued lo provide food parce15 through the year and provided 16000 mea15 With the help of City Harve51 and Fareshare. Babyzone, another ¢ommunty initiative. has proved to be a great success also and gThien parents and toddlers an amazing opportunty to take part in a range of development ath'vities weeY wrthin Legacy's facilitie5. The Youth Zone has worked with over 10.000 YIn9 people since opening and continues to have an impact on their lives. One of our member5, Camron, let us know about hi5 experience of attending Legacy .1 didn't know what to expect at the beginning and I felt a bil neNous, but by the end I was excited. I like the sensory foom as il makes me feel relaxed, it's calming. I've done lots of activities with Legacy. like sailing. BMX biking and GtrKarting where I was the driver of the day, an(1 I gol a medal. Thank you for everything.. Camron is just one of many who benefit from attending Legacy, and it's great to hear that ¥fvhal we provide makes such a significant difference to our members. StructUf*> govèmance and management Govèrning Document Croydon Youth Zone is a company limited by guarantee vthout share capitsl and registered under the Companies Act 1985, registration number 10405820. The company is govemed by its Memorandum and Articles of Association dated 22 July 2016. Management of the company's affairs is vested in the Directors. It is a charity registered with the Charity Commission on 18 May 2017. Page 4
CROYDON YOUTH ZOIIE IA company Ilmll•d by guarantgo TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 PAARCH 2022 R•cruikngnt and appointment of TW$tr IDlr8ctors) The first Directors were the subscribers lo the memorandum as notified lo Companies House as the first Directors of the Charity. A person appointed as a Director thereupon becomes a Member t>f the Charity and Director who ceases to hold office for any reason thereupon ceases to be a Member of the Charity. Directors have the power lo appoint. by ordinary Tesolution, any person to be a Qireetor is wlling to act as such. New DiTectors will be recruited according lo the needs of the Charity and the sultability of possiblg ¢andidates. A unanimous approval of existing Dirèctors would lead lo their appointment. The Memorandum and Articles of Association states that the number of members {Directorsl shall have no maximum and shall not be less than three. At the fir51 Annual General Meeting all Directors were required to retire and seek re-electson. At each subsequent Annual General Meeting one third of the Directors are required to retire by rotsti¢n and seek rappoIntMent if they wsh lo continue. The Members of the Charity are its Directors for the ts'me being and the only persons eligible to be Members of the Gharity are rls Directors. Full detsils of the rules are contained in the company's Memorandurn and Article5 of Association, dated on incorporats'on on 1 OGtober 2016, which may be inspected at the Legacy Youth Zone gistered office. Organisational Structure Legacy Youth Zone is governed by its Trustee Board which is responsible for setting the strategic direction of the or9anisation and the policy of the Charity. The Trustees carry the ulliTnale responsibility for the Conduct of Legacy Youih Zone and for ensuring that the Charity satisfies its legal and contractual Dbligalions. Trustees meet approximately every tsvo months and may delegate the implementation of their decisions or day-to-day operation of the organisation lo senior management. any employee of the Charity, person or committee a5 they see fit. Any committ88 mu61 inGlude al leavt ono Tru too. Thc Tiu¥tcc Bogrd is indcpcndent from m8n8gement. Related Parti None of our Trustees receive remuneralSon or other benefit from their work rith the Charity. Any connection betwèen a Trustee OT senior manager of the Charity wth a connected party linduding donors. suppliers an stam must be dis¢l¢sed to the full Board of Trustees in the sarne w8y as any other contractual relationship wth a related paty. In the current year no such related party transactions were reported. The pay of the full staff team 15 reviewed annually and, if financial resources allow, normally increased in accordance with average eaming5. In view of the nature of the Charity. the Directors benchmark against pay levels in other similar Chare$ in the voluntary sector, as well as across the Youth Zone Netsvork. Pay Policy The Directors consider the Board of Directors. who are the Charity's Trustees, and the seniclr management team comprise the key management personnel of the Youth Zone In charge of directing and controlling, running and operats.ng the Charity on a day-ttrday basis. All Directors give of their time freely and no Director received remuneration in the year. The pay of salarred staff is reviewed once a year. Depending on performance. approval of trustees and rf finanaal resources allow an in¢8$e wl be awarded in line with benchmarked pay levels in other similar charities In the Voluntary sector, as well as across the Onside Youth Zone Neork. As a London Living Wage employer the pay of hourly paid staff is increased in line with guidan¢e issued via the Real Living Wage Foundation, approval of trustees and rffinancial resources allow. Risk Management Legacy Youth Zone utilises a risk register to regularfy review risks associated with the Charity. At every Trustee Board meeting the risk register is reviewed by the Charity's trustees with deeper reviews scheduled at least lce a year. The risk register 1$ maintained by the Charity's executive management tearn and updated on a gUlar Page 5
CROYDON YOUTH ZONE IA company limitsd by guarnnts•) TRUSTEES. REPORT ICONTINUED FOR THE YEAR ENDED 31 MARCH 2022 basis. The risk Teg15teT is divided into the follo¥Aring categories.. Finanaal Strategi¢ Operational Governance and Reputation Facilities Risks are graded according to the likelihood of occurring and the potential impact to the charity. This is done both before and after the addition of control measures. Where appropriate new risks are identified or closed in each se¢liDn and an overall score is allocated 10 Each category to allow the Board of Trustees lo compare the management of risks lo the charty over a period of time. Objactives and activities Legacy Youth Zone's objects are lo help and educ*2 children and young people re5idEnt in Croydon and the surrounding area through their leisure time activities by promoting their full physical and spiritual potential In order that they may gTOW to Tnaturity a5 Individuals and active members of 50¢iety and their conditions of life rnay Improve. A¢higv8Thents during period Thank5 to the support of our Patrons and other supporters, the 5tsff team, volunteers. and community, Legacy Youth Zone has been able to continue to provide ongoing sUPPOrt for young people and the wider ¢ommuntty during another turbulent second year of Covid-19 pandemic restrictions. Thankfully, as restrictions eased. young people were able lo begin properly returning to the Youth Zone. The generous svpport of Lega¢y's donors enabled the team to continue to focu$ its attention on providing engaging and suppOve provision. In 202112022, the Gh8rity's main a¢hievements were: Provided 237 free hot meals and 7,493 £1 hot meal$ Created a new Mission and Visi¢)n statement Helped launch the Croydon equality and diversity pledge and the George Floyd Race Matters Pledge Registered over 8,000 member5 Since opening., Raised over £1.7 million in voluntary income. Recruited 6 new Young Leaders110 in totall Recruited 20 new volunteer5122 in total) Distributed 5,776 fr&e mea15 (January, 2021-May, 2022) Hosted 38.483 young people atiendances Achieved the Bronze London Youth Quality Mark Continued to provide young people wth Somewhere safe and inspiring lo go Ihroughout the year. including on Christmas Day. Young people who attended Legacy said their self-esteem, resilience. physical and mental heahh have improved. Worked as a key partner in the community, supporting sthools and other organisations to support young people. Launched our new website Launched our new Media Squad and Young Ambassadors programme Legaw Youth Zone continues to enjoy the support of Onside Youth Zones (charity number 11258931 and works in pathership with the network of Youth Zones across the ¢ountry. Investmènt Actlviti&s Under the Memorandum and Articles ef As50ciabon, the charitable company has the power lo make any Page 6
CROYDON YOUTH ZONE IA company limited by guarantsel TRUSTEES, REPORT (CONTINUED} FOR THE YEAR ENDED 31 MARCH 2022 investment which the Trustees see fit. Investments are made Whe required to further the aims and objec15 of the Charity. CurFently, the Charity does not hold any investments other than cash on deposit with Handelsbanken plc. Financial r&vlow A summary of the results is shown below.. 2022 2021 Incoming resource5 Outgoing resources 2J64,53S 1961,760 I I52.1231(1,GOS,g56l Net incomlng resources 212N12 35204 The Youth Zone remains in a satisfactory finantyal p05rtion at the end of 31 March 2022. This is due to the extremely generous commitment and support of its donors. However. some supporters have not been able to ¢ontinue supporting and the fundraising team are continuing to engage with new individuals to explore their capacty to become donors. A5 a result of Legacy still not being one hundred percent operational IhroughoLrt 2021122, there was a slight underspend al the end of the financial year ¢ompared to the budgeted expenditu. Courtesy of some unexpected donalltsn$, Income wa5 above the forecasted amount. Surplu$ fund$ will be alli)¢ated to the reserves to ensure Legacy continues to meet the revised reserve5 policy lof circa 6 rnonlhs, cover) and are able to continue as a going concern. Fund5 of £100,000 have been added to a designated fvnd for the building. total £200,000. to ensure that future major building works Can be undertaken and lo keep the facillty up to dale and current. Young people continued to make a contribLrtion through enty fees and membership registration. This has increased since 2020121 due to the removal of COVID restrictions. Rosorv8s policy The Board of Trustees of Legacy Youth Zone has established a reserves policy lch appropriately refflects the risks to which the Charity is exposed. In reviewing the potential costs that could arise should a significant reduction in income be incurred. the Trustees have determined that it is appropriate for unrestricted. free,, reserves to be maintained of 6 months of anticipated expendrture. In order to ensure the Charity 18 8190 able to maintain the fixed asset (the Youth Zone) to a high stsndard, a designated fijnd specifically for major building repairs and renewals has been established. Total fijnds, including the building, were £7,854,704 of which £6,265,141 were restricted and £200.000 designated. Al 315t March 2022 the Charty has accumulated unrestricted 'free' reserves of £1,389.563,' this provides cover equivalent to nine months of operating costs. Unrestricted, free reserves exclude the designated fvnd discussed above. The Trustees actively manage Legacy Youth Zone's finances SO that an adequate level of reseTves is maintained in compliance wth the reseNes pdicy. The reserves policy does not consider expenditure which is linked to restricted projests and therefore covered by restricted fund5. The Charity will VIeW regularty both the sum it wishes to hold in r¥seNos in unrestricted funds, and the basis for that figu, parb'cularfy conslderfng the impact of the cost of living increase. Page 7
CROYDON YOUTH ZONE IA COTnpany limited by guarantsel TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Going Con¢ern Triistees continued to asses$ the Youth Zone's ability to continue to operate into 2022123 as a going concem. Much effort has been made throughout the year to stsy in regular contact wlh our supporter5 and keep them updated regarding the work delivered by the Youth Zone throughout the year. Tfuslees have continued lo be overwhelmed by, and exiremely thankful for, the generosity of Legacy's supporters in fulfilling their pledges and improving the lives of young people in CToydon. This 5UPPOrt has allowed Legacy io begin to retUTn tD nomal operation, followng the reduction in Covid-19 restrictions. and to provide much needed support and activities fof ils members once more. The Management Accounts are rewewed at Board meetings and al quartedy Financial Sub-committee meetings with th& Chair and Treasurer. This ensures that going concem is regularly considered and any future issues identified and planned for in a timely manner. To date the Twstees are confident that the Youth Zone will meet its obligations for the next 12 months 12022120231. Given the current position of the Charity with regards to unrestricted reserves. the succes5 of the initial Founder P8tron fundraising campaign and the growing fundraising 3¢tivty in new areas, the Trustees are satisfied that the Charity is fulfilling the criteria Of the going concem principle. This conclusion 1$ also derived from the regular, detsiled review of the forecast financial impact of the Covid-19 pandemic. We have modelled forecast cash flows for this period, taking account of current cash balances and expected income and expenses. The Truslees are able to report that the Charity maintains a posrtive unrestrirted reserve and this alongside generous pledges by existing and new supporter3 ensures that the Charlty maintain a rauti17us bul positive view of its finanaal p05rtion. The Charity conb.nues to identify and develop new funding streams for the future to mitigate the negative irnpact of the Covid-19 Pandemic and more recent inflationary environment which has affeded the Cost of living. SumTnary Financial Reylew The Youth Zone has a satisfactory finanaal foundation after its seGond full year of operation. The Youth Zone has continued to develop its fundraising model and begin new fijndraising initiatives. These inibatives ensure that the broader community a able to support Legacy. The Charty also continues lo be generously 5UPPOrted by Ils dtsnor5, several of whom have neWed their commitment after the expiry of their initial donation. Legacy is extremely grateful lo them for1.heir continued generosity. The Youth ZDne continues to develop its relationships Wth its donors to ensure their support is relational and they are able to see the impact tsf their funding first hand. The Youth Zone team inclvding the Fundraising Team, Finance Team, Chief Executive, Treasuref and other Board Member5 will Continue to monitor and review the Youth Zone's financial performance to ensu that rt is able lo fulfil its objectives. The budget for 2022123 has been drawn up with the view that the Youth Zone will be able lo operate uninlerrtjpted from restrictions and wth more young people accessing the wonderful opportunities that are on offer to them. The Youth Zone ha5 been building ils reputstion wthin the area and is detemiined to ensure that it continues to embed itself in the ecmmunity as a valued stakeholder. Princlpal Fundlng Sources The Directors wish to record their thanks to all those individuals, charities and companies who have made donations supporting the work of the Charity in 2021122.. The Lord Mayorfs Appeal, Rusknn Square, L&Q, Optivo, Page 8
CROYDON YOUTH ZONE IA company limed by guaranl•é TRUSTEES, REPORT (CONTINUED} FOR THE YEAR ENDED 31 PAARCH 2022 Ga"ck Airport, CCHA, Day Lewis Pharmacy, Four Acre Tnjst, Maria Marina Foundation, Reedham Children's Trust, Findlay Charitable Trust, ILS Operations Mcoonalds, The Hesettine Family, The Carter Family, Denlsu. The Seroussi Foundation lin partnership with The UBS Optimus Foundatitinl, Legal & General. Croydon Council. Millwood Servicing LTD. M R S¢8ffolding, Crosstree Real Estate, The Taylor Famity Foundation, The Brenley Trust, The Nelson Family, Immersion Capital, Sony Music Justice Fund, Jack Petchey Foundation. Mayor of London's Young L¢ndoners' Fund., and to all the Chanty's other funders who have made the project possible including those who wish to remain anonymDUS. Future Plans In the year 202212023. we wll ¢onlinue to focvs on increasing attendance at the Youth Zone through developrnenl of our delivery programme. We wll be developing our membership joumey so that we can increase meaningful eng8gements wrth our members. We a developing our Marketing & Communications strategy so that young people are inspired to attend, and so that the Youth Zone is a recognised charity that individu81$ and organisab'ons want lo support. We wll continue to develop our fundraising strategy in order to meet our income target. We will increase the Youth Zone's rentsl capacity outside of core operating hours to establish a passive income stream. We w711 conlinue to increase volunteer numbers to provide more opportunities for young people. We continue to be mindful of making sure tral all we deliver is inclusive and a¢¢essible for members, and our stsff are representative of the local community, are diverse, and their talents are developed so that we can further inspire and raise the ambitions of Dur members. How thè Charlty 15 adapting due to Coronavirus Throughout the CoMd-19 Pandemic the Youth Zone adapted to the changing restrictions and guidance. The Pandernic did continue to disrupt our operation into the 21122 financial year, but fortunately we were able to weather the various challenges that we en¢ountered, induding managing staffing reductions due lo the virus. We were able to remain open during the Christmas wriod and provide Christmas lunch and presents on Ghristmas Day. From the beginning of 2022 the pre-pandemic operation began to return and the YoLrth Zone has gradu8lly become busier and attracted new mernbers. Other community initiatives have continued to be a success, such as Baby Zone and our free food par¢el distn"bution. We began working with schools more during the day, offering enrichment activities to enhance the school curriculurn. Athough the Pandernic was a challenge to navigate our way through, it did provide a chance for team members to refine their craft and build rneaningful relationships with young people. As a result of this, we had a number of young people who had been Senior members, join us as paid staff, working wth our Juniors. The hope 1$ that 2022123 vjill be our first full year of uninterrupted operatsons. Our reserves remain at the expected level and are reviewed regulaty alongside the rest of the finanal information. The Management A¢¢ounts will continue to be reviewed and income and expenditure reforecasls made rf necessary to make sure that the Youth Zone remains financially sustainable and able to meet its objectives. Any depletion of reseNes will be monitored and measures adopted to look to increase them again. Restricted funds and dellvfrry contracts Over the last year there has been fijrther restricted fijnding secured for drfferent programmes which enhance the Youth Zone's actiwties. This is in addit.on to the Mayor of London's Young Londoners, Fund which covers the cost of our'Empowere(I' employability programme. This grant was created for young people to receive support in finding employment or training. Legacy secured funding for a Culture of Health programme lo support young people's mental health funded by The Prudence Trust. The Youth Zone also launched a Mixed Martial Arts programme in partnership with UFC and the Mel Police. Jack Pelchey Foundation have continued to support Legacy through the Jack Pelchey Awards Scheme and their Intern programme. Sony Music began supporting a rnusic mentoring programme across the three London Youth Zones. Securing funding for more targeted projects continues lo be an area where Legacy aims to grow lo help contribute lo the costs of provlding young people with 8 safe and inspiring place to go in their leisure time. Page 9
CROYDON YOUTH ZONE {A Company Ilmitsd by guarnntse) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2022 All the activities of the Charity las summarised above) were undertaken to further ils chartsble purposes for public benefit. The provision tsf a high-quality facilty for young people responds to a clear, ongoing demand from young people, parents and the wider community lor rnore and better place5 for young people to go. Although providing a service to all yOkJng people, Legacy Youth Zone focuses on attendance and participation of young people from disadvantaged comrnunities. These young people are now able lo enjoy affordable access to all the opportunf(ies that the facilities prowde. Legacy has been able lo remain open, in one form OT another during the pandemic. This has meant that theTe was aayS a 58fe, engaging place for young people to gts and engage in positive activities which improved their mental, ernob"ona1 and physical wellbeing. Legacy ha5 also been able to continup to work with local parthers to ensure that young people in and around Croydon have been able to access Tvuch needed support, and Legacy has been able to endorse and support other local initiatives. The Trustee5 of Legacy Youth Zone believe they have complied with thelr duty (set out In sects.on 17 of the Charities Act 20111 to have due regard to the public benefit guidance published by the Charity Commission. Our volunteers are an extremely irnportanl part of the life of Legacy Youth Zone, they contribute lo our reception team, ¢atering team. youth work activ.eS team and Board. They are all valued and recognised for their contribution, and Legacy would not be able to carry out the acb'vilies il does wthDuI them. They have contrlbuted to the daily operation, enhancing the experience of members. impacted our financial planning. gtsvernance, fundraising, safeguarding, communication5, health and safety. and helped wlh new inits"atives. Such voluntary contributions totalled approximately 1.480 hours over Ihe past 12 months. The reducb.on compared lo previous yeary was as a result of the loss of voluntoors over the pandemic. We ¢ontinue to build back up this vitsl reserve as restriction5 ease. Statement of Trust••s' Re$ponsibilltie8 The Trustees Iwho are also the Difectors Df Croydon Youth Zone for tho purpose of company lawl are responsible for preparing the Tru51ee5 Annual Report and financial statements in aC¢Ofdance with applicable law nd United Kingdom Ac¢ounting Standards (United Kingdom Generally Accepted Accounting Praclicel. Comp8ny law requires the Trustees lo prepare financial statements for each financ4al year, whith give a true and fair view of the state of affair of the charitable Company and of the income and expenditure. of the charitable company for that period. In preparing these financial s18temen15 the Tru51ees are required lo.. Select suitable accounting policies and then apply them consislenuy., Observe the method5 and principles in the Charitses SORP., Make judgements and eslimales that are reasonable and prudent; Slate whether applicable UK Accounting Stsndards have been followed, subject to any material departure5 disclosed and explained in the financial statement5", Prepare the financial statements on the going Goncern basis unless it is appropriate lo presume that the charitable company will continue in business. The Trustees a SponSible for keeping adequate accounting records that disclose vAth reasonable accuraGy at any time the financial position of the charitable company and enable them to ensure that the financial statements compty the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. The Tnjstees confimi that so far a5 they are aware, th is no relevant audit information of which the charity's auditors are unaware. The Trustees have taken all Df the Steps that they ou9ht lo have taken as Trustees in Order to make themselves aware of the relevant audit information and to Èstsblish that the charity s auditor5 are aware of that information. The financial statements comply with current statutory requirements, the companls Memorandum and Artides or Asso¢iation and the Char"rties SORP. Page 10
CROYDON YOUTH ZONE IA company Ilmitsd by guarantsel TRUSTEES, REPORT (CONTINUED} FOR THE YEAR ENDED 31 MARCH 2022 Auditors In accordan¢e with Section 489 of the Companies Act 2006. a resolution to appoint Crowe U.K. LLP will be pioposed at the Annual General Meeting. Approved by order of the members of thè board of TTUSteès on 12 December 2022 and signed Dn their behalf M Byme Treasurer, Company Director and Trustee Page11
CROYDOM YOUTH ZONE {A company limlted by guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CROYDON YOUTH ZONE Oplnion We have audited the financial statements of Croydon Youth Zone (the 'tharitsble company'l for the year ended 31 March 2022 lch comprise the statement of financial activities. the balanee sheet. the statement of cash flows and the related notes, induding a summary of significant accounting policies. The financial reporhng framework that has been applied in their preparation is applicable law and United Kingdom Accounting standards. including Financial Reporting Stsndard 102 The Financial Repotbng Standard applicable in the UK and Republic of Ireland, IUnf(ed Kingdorn Generally Accepted Accounting Practice). In our opinion the financial slaternents.. give a true and fair view of the state of the charitsble comp3nls affairs 88 at 31 March 2022 and of its incoming resources and application of resources, including 115 income and expenditure for the year Ihen ended., have been propedy prepared in accordance wlh United Kingdom Generally Accepted Accounting PraGtice', and have been prepared in accordance vdith the requirements of the Charities Act 2011. Basis lor opinion We conducted our audit in accordance with IntemJtional Stsndards on Audrting IUKI IISAS (UK)) and applicabl law. Our responsibilities under those Standards are further described in the Auditor's responsibil((ies for the audit of the financial statements sectiors of our report. We are independent of the charitable cornpany in accordance ilh the ethical requirements that are relevant lo our audit of the financial Statements in the United Kingdom, indudlng the Finaiiuidl RepkTritlng Council'y Ethical Stat)d3rd, and we have ftiifillp.d our other ethical responsibtlities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinic41. C¢)nGlusions r8lating to going concern In auditing the financial statements, we have conGluded that the Trustees, use of the going concem basis of acctsunting in the preparation of the ffinancial statements Is appropriate. Based on the work we have performed, we have not identthed any rnaterial uncertainties relating lo events or condib.ons that. individually or colleclivety, may cast significant doubt on the charitable company'5 ability to continue as a going concern for a period of at least 1ve months from when the financ01 statemenls are authorised for issue. Our responsibilities and the respon$ibilVcies of the Trustees wlh respe¢t to going concem are described in the relevant 5e¢tions of this report. oth•r infomiation The other information comprises the information induded in the annual report Other than the financial statement$ and our auditof's report thereon. The Trustees are SponSible for the other information contsined within th annual report. OUT opinion on the financi81 statements does not cover the other informats.on and, except la the extent otherwise explicrtly stated in our repr)rt we do not express any form of assuranGe conclusion Ihereon. Our responsibility is to read the other information and, in doing so. consider whether the other information 15 materially inconsistent the financial statements or our knowledge obtained in the course of the audit, or Othelse appears to be materially misstated. If we identsty such material inconsistenues c+r apparent material mi55tstements, we are required to Lletermine whether this gives rise t¢) a material misstatement in the financial Pag¥ 12
CROYDON YOUTH ZONE {A company limited by guarantsel INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CROYDON YOUTH ZONE ICONTINUEDI statements themselves. If. based on the work have perfomied, we Condude that there is a rnalerial mis3ts1ement of this other information, we are required to report that fact. We have nothing lo report in this regard. Alatters on whlch wt are required to rnport by •xception We have nothing to pOrt in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us lo report to you if, in our opinion.. the information given in the Trustees. report is inconsistent in any material respect with the finanual statements., or $ufficient accounting records have not been kept., or the financial statements are not in agreement with the accounting records and returns., OT we have not reraved all the information and explanations we require for our audrt. Responsibilities ot trustsos As explained more ftjlly in the Iru5tees' responsibilities statement. the Trustees (who are also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial ststements and for being satisfied that they give a true and fair wew, and for such intemal control as the Tnjslees deterrnine is necessary to enable the preparation r)f financial ststemenls that are free from rnaterial misstatement, whÈther due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the charitsble company's ability to continue as a going concern, disclosng, as applicable, matters related lo going cOnM and using the going concem basis of accounb'ng unle55 the Trustee5 either intend to liquidate the charitable company or to ¢ease operations, or have no realistic allemalive to do so. Audltorf$ r•$pon$ibilities for the audit of the flnanclal $tstsmonts We have been appointed as auditor under section 144 of the Charitie5 Act 2011 and ftport in accordance wth the Act and relevant regulatsons made or having effect thereunder. Our obje¢live$ are lo obtain reasonable assurance about whether the financial $latemenl$ as a vthole are free from material misstatement, whether due to fraud or error, and to issue an auditorfs report that indudes our opinion. Reasonable a55urance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS IUKI wll ay5 detect a material misstatement when it exists. Misstatements can arise from fraud or etrgr and are considered material if. individually or in the aggregate. they could reasonably be expected to influen¢e the economic decisions of users tsken on the basis of these financial ststements. IrTegularilies, including fraud, are instance3 of non-compliance with laws and regulations. We design procedures in line with our responsibilities, oudined above. to detect rnaterial misstatements in respect of irregularities. including fraud. The extent to whi¢h our procedures are capable of detecting irregularibes, including fraud is detailed below. We obtsined an understanding of the legal and regulatory frameworks wlhin whi¢h the Gharitable company operates, focusing on those laws and regulations that have a direct effect on tre detèrmin8tion of mateii81 mounts and disclosure5 in the financial statements. The laws and regulations we ¢on$id¢red in this context were the Companies Act 2006, Charities Act 2011 and employment legislation. Page 13
CROYDON YOUTH ZOME IA company limlt•d by guarantse} INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CROYDON YOUTH ZONE ICONTINUEDI Audng standards limit the required audit procedures to identify the non-compliance wth thesè laws and regulations to enquiry of the trustees and other management and inspection of regulatory and legal correspondence, if any. We identified the greatest risk of mgterial impact on the financial statements from irregularities, induding fraud, to be the override of controls by managernent and completeness of income. Our audit procedures to Spond lo these risks included enquirie5 of management about their own identsfication and a5$essment of the ri5k5 of irregularities. sample testing on the posting of joumals, reviewing aG¢ounting estimates for biases and sample testing from grant and donation docuTnentstion. Ing to the inherent limitstions of an audit, there is an unavoid8ble risk that we may not have detected some material misststement5 in the financial statements, even though we have properfy planned and performed our audit in accordance wth auditing standards_ We are not responsible for preventing non40mpliance and cannot be expeded to delect non-compliance with an laws and regulations. A fvrther description of our Tesponsibilitie5 for the audit of the financial statements is located on the Financial Reporb"ng Council's website at.. . .or .uklauditorsTe5 onsibiliti s. This description foms part of our audrtos report. Use of our report This report is made solèly to the charf(able Company's members, as a body, in accordance wth Part 4 of the Charities IAccounts and Reportsl Regulations 2008. Our audit work has been undertaken so that we might state to the charTtable company5 members those matters we are required to slate to them in an auditorfs report and for no other purpose. To the fullest extent permitted by law, we do not accepl or assume responsibility to anyone other than the charitable company and its members, as a body, for uur audit work. foi this report, or for the opinions we have lonred. Vicky Szulist Crowè U.K. LLP ststutory Auditor 3rd floor The Lexicon Mount Street Manchester M2 5NT Date= 14th December 2022 Crowe U.K. LLP are eligible lo act as auditors in tem)s of section 1212 of the Companies Act 2006. Page 14
CROYDON YOUTH ZOME IA company limited by guarantèè} STATEMENT OF FINANCIAL ACTIVITIES IINCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 MARCH 2022 Unrestrictsd funds 2022 Rgstriclgd funds 2022 Total funds 2022 Total funds 2021 Note Inc0rn9 from: Donations and legaciès Charitable a¢tivities'. Membership & Session Fee$ Holiday Club Enterprise Income Catering Income Roomlfacility Hire Investments Other income 1,520,896 503.063 2,023,959 1,815.301 37,582 31.936 1.229 38,851 15.170 759 37,582 31.936 1,229 38.851 15,170 759 4,270 22,725 140 12.379 9,071 591 97,283 15.049 15.049 Total ineomo 1.661,472 503,063 2,164.535 1.967, 760 Expèndlturn on: Charitable adivilies 1,3FA,274 59T.849 1,952.123 1,608.956 Totsl gxp?nditur• 1.354,274 597.849 1,952,123 1,608,956 Nat incomellèxpenditurel Transfers between funds 307.198 111,851) 194.7861 11.851 212.412 352,804 16 Notmovem•nt in funds 295,347 {82.9351 212,412 352,804 Reconclllatlon of funds: Total fund5 brought forward Net movement in funds 1.294,216 295.347 6.348.076 82.9351 7,642,292 212,412 7,289,488 352,804 Total fvnd$ carried forward 1.589.S63 6.26S,141 7,854,704 T,$42,292 The Statement of ffinancial a¢tivities includes all gains and losses recognised in the year. The notes on pages 18 to 33 form part of these financial statements. Page 15
CROYDON YOUTH ZONE IA company Ilmited by guarantee) REGISTERED NUMBER: 10405820 BALANCE SHEET AS AT 31 MARCH 2022 2022 2021 Note Fixed assets Tangible assets 6.201,319 6,338,958 6,201.319 6,338,958 Curront assets Debtors Cash at bank and in hand 14 83.772 1.730,845 21,395 1,435, 900 1.814.617 1,457,295 Creditors.. amounts falling due wthin one year 15 1161,232) (153,961) Net current a$$ets 1.653,385 1,303,334 Total nèt assets 7.854,704 7,642,292 Charlty fund$ Restncled funds,. Restrided fvnds 16 6,265,141 6,348, Q76 Ttstsl restricted fvnds Unrestricted funds 16 16 6.265,141 1,589,563 6,348,076 1.294,216 Total funds 7,854,704 7,642,292 The T(uslee5 a¢knowledye their responsibilities for complyng with the requirements of the Act wth respect lo accounting records and preparation of financial ststements. The finanu31 statements were approved and aulhorised for issue by the Trustees on 12 December 2022 and signed ¢)n their behalf by.. M Bym• Treasurer, Director and Trustee The notes on pages 18 to 33 fomi part of these financial ststemertts. Page 16
CROYDON YOUTH ZONE {A company limlted by 9uaranteel STATEPAENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2022 2022 2021 Nots Cash IIov45 fmm op•rating activiti•s Net cash used in operating activitie5 18 379.534 605,717 Cash flows from Investlng activlties Dividends. interests and rents from investments Purchase of tangible fixed assets 759 591 (66,235) 185.3481 Not ¢a•h used In Investlng •ctlvltle$ 184.5891 {65,6441 Cash flows from financing aetivltl Net ¢a$h provided by financing activities Change In cash and cash equivalents in the year Cash and cash equivajenls at the beginning of the year 294.945 540,073 1,435,900 895,82T Cash and cash equivalents at the end of the year 1.730.84S 7,435,900 The notes en pages 18 to 33 form part of these financial statements Page 17
CROYDON YOUTH ZONE IA company Ilmbted by guarnntse) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Goneral informatlon Croydon Youth Zone 15 a private charrkable ¢ompany limrted by guarantee, incorporated in England and Wales. Please see the referance and admini5ttative information on page 1 for the registered addregs. Accountlng policies 2.1 Basis of prnparation of financial statem•nts The financial statements have been prepared in accordance %Mth the Charities SORP IFRS 1021 Accounting and Repotting by Charities.. Statement of Recommended Practice applicable to charities preparing their acrounts in accordance wth the Financial Reporting Stsndard applicable in the UK and Republic Of Ireland IFRS 1021 {effecb"ve 1 January 20191, the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021 and the Companie5 Act 2008. Croydon Youth Zone meets the definition of a public benefit entity undpf FRS 102. Assets and liabilrties are initially recognised at historical cost or tranS310n valytr unless othernise stated in the relevant accounting policy. 2.2 Golng conc•m The Trustees. assessment is that there are SLrfficient funds to maintain operations for at least the next 12 months. This is based on the lèvel ol the Charty's unrestricted reserves which are in excess of 12 months. worth Of expendrture. Fundraising networks continue to be developed and the nature 01 operations are such that the cost base can be managed shauld Ilieie liv a sudden drop in income. The charity have a number of Founder Patrons and fundraising efforts continue wih the local community. Based Dn the above, the Trustee5 consider the Charity to be a going concern. 2.3 Income All Income is recognised once the Charity has entitlement to the income, it is probable that the income wll be received and the amount of income re¢eivable can be measured reliably. Grants are included in the statement of financial aclivrties on a receivable basis. The balance of Income received for specific purposes but not expended during the period is shown in the relevant funds on the balance sheet. Where income is received In advance of Èntillemenl of receipt, its recognition is deferred and included in creditors as deferred income. Where entiuemenl occurs before income is received, the income is accTued. Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on Completion of the service. Page 18
CROYDON YOUTH ZONE IA company Ilmlted ty guarnnts•} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Accountlng policies Icontinuedl 2.4 Expendlture Expenditure is Tecognised once there is a legal or constructive obligation to transfer economic benefft to a third party, it is probable that a transfer of economic benefit5 will be required in Settlement an the amount of the obligation can be measuied reliably. Expenditure 15 ¢la5sified by a¢livity. The costs of each actiwty are made up of the total Df direct costs and shared costs, including support costs involved in undertaking each activty. Direct costs attributable to a single activity are allocated diredy to that ath'vity- Shared costs contribute to more than one activty and support costs which are not attributable to a single a¢livity are apportioned beeen those activities on a basis consistent wlh the use of resources. ExpenditUTe on charrtable activities is incurred on direcuy undertaklng the activhies which further the Charitys objectives, as well as any associated support costs. All expenditure 15 inclusive of irrecoverable VAT. 2.5 Intsrest rn¢elvablg Interest on fvnds held on deposit is included when receivable and the amount can be measured reliably by the Charity., this is nornially upon notification of the interest paid or payable by the insts'tution with whom the fvnds a deposited. 2.6 Tangible flxed assets 4nd doproclatlon Tangible fixed assets costing £250 or more ar¥ Capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initlally recognised at C051. After recognition, under the cost model. tangible fixed assets are measured al ¢ost less accumulated depreciation and any accumulated impairment losses. Al costs incurred to bring a tangible fixed asset into it5 intended workn'ng condition should be included in the measurement of cost. Depreciation is charged so as to allocate the cost of tangible fixed assets less thelr residual value over their estimated usefvl lives . Depreciation is provided on the following basis.. Leasehold Property Motor vehicles Fixtures and fittings Computer equipment over the lrfe of the lease 200A straight line 25. reducing balance 33% straighl line 2.7 Debtors Trade and other debtors are recognised al the setdement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 2.8 Cash atbank and in hand Cash at bank and in hand Includes cash and short-temi highly liquid investments wth a short maturty of three months or less from the date of acquisftion or opening of the deposit or Similar account. Page 19
CROYDON YOUTH ZOME (A company limitsd by guarnnloo) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Accounting poll¢l•s (contlnu8d) 2.9 Uabilltlos and provisions Liabilities are recognised en there is an obligation at the balance sheet date as a resuli of a past event. it is probable that a transfer of economic benefit wll be requiFed in settlgment, and the amount of the settlement ¢an be estimated reliably. Liabilities are recognised at the amount that the Charity anticipate5 it will pay to settle the debt or the amount it has received as advanced payments for the goods or seNices It musl provide. Provisions are megsured at the best estimate of the amounts required to settle the Dbllgation. Where the effect of the lime value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rale that reflects the risks specific to the liability. The unwinding of the discount is recognised in the statement of financial activrties as a finance cosL 2.10 Finan¢lal instrumonts The Charity only has financial assets and financial liabilities of a kind that qual'fy as ba51¢ financial instruments. Basic financial instruments are inilialy recognised al transacbon value and subsequent measured at their settlement value with the exception of bank loans whiGh are SLbbsequenUy measured at amortised co$t using the effective inleresl method. 2.11 P•nsion$ The Charity operates a defined contributron pension s¢h•me and Ihe pension charge represents the mounts payable by the Charity to the fijnd in rei>pe¢t of the year. 2.12 Fund a¢nting General fijnds are unrestricted funds which are available for kjse at the discretlon of the Trustees in rtheTance of the general objectives of the Charty and vthich have not been designated for other purposes. Desgnated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each desi9nated fund is sel out in the notes to the financial statements. Restricted funds a fijnds which are to be uged in acctsrdance wth specffic restrctions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering sucm funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial stalemenls. Investment income. gains and losses are allocated to the appmpriate fund. Page 20
CROYDON YOUT14 ZONE IA Company lImd by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 P41ARCH 2022 Critical accounting 8stimat8s and ar¢a$ of Judgment Estimates and judgmènts are continually evaluated and are based on historical experience and other factors, including expectations of future events that are beli8ved to be reasonable under the circumstsnGes. Critical accounting estimates and a5sumptions'. The Trustees do not consider the to be any critical accounting estiamtes Dr assurnplions. The Charity makes ests'mates and assumptions ¢onceming the future. The resulting accounting estimates and assumptions wll, by definition, seldom equal the related aetual SUIts. The estimates anrj assumptions that h8ve a significant risk of causing a matèrial adjustment lo the carrying amounts of assets and liabilities within the nex* financial year ar8 disGu$sed below. Crltlcal areas of judgment.. The Trustees do not consider there to be any critical areas of judgement. Income from donatlon$ and l•ga¢le$ Unrestrictsd Rèstricted funds funds 2022 2022 Total funds 2022 Donation$ Granis, Trusts & Foundations Local Authority Founder Patrons Corporate Donation$ Community Donation$ Other Patrons Digital Donations 55,505 250,000 1,139,259 26,044 18,026 8,000 24.062 476,100 24,963 531,605 274,963 1.139.259 26.044 18.026 8.000 26,062 2,000 Subtotsl detailed disclosurg 1,520,896 503,OS3 2.023.959 1.520,896 503,063 2.023,959 Page 21
CROYDON YOUTH ZONE (A company limited by guaranlfjel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 InGom8 from donations and18gacles (continued) Unrestricted funds 2021 Restricted funds 2027 Total funds 2021 Donatlon$ Don8tions- General Grants, Trusts & Foundations Local Authority Founder Patron$ Cgrporate Donations Com7nunity Donations Other Patrons Digi(al Donations 6,378 71, 157 300,000 810,000 22,333 3,371 15,QOO 8, 754 6,378 649,465 300,000 870,000 22,333 3,371 75,000 8, 754 578,314 1,23S,987 578,314 1,815,301 Incorn• from charitsblo actlvities Unrestrictad funds 2022 Totsl funds 2022 rotal funds 2021 Income from charitable activ((ies- Operation of Youth Zone 124,768 124.768 48,585 Investment In¢omo UnrtriCtd funds 2022 Total funds 2022 Tol81 funds 2021 Investment income 759 759 591 Page 22
CROYDON YOUTH ZONE IA company Ilmltsd by guarantso) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Other Incoming resourc•s Unrestricted funds 2022 Total funds 2022 Tolal funds 2021 Other Income- in¢luding COVID related income 15.049 1S,049 97,283 Analysis of expendlturg on Charitable activltles Summary by fund type Unrestrlctsd R9str1¢ted funds funds 2022 2022 Total 2022 Operation of Youth Zone 1,354,274 597.849 1,952.123 Unraslnclgd funds 2021 RestriGtgd funds 2027 Tolal 2021 Operatson of Youth Zone 929,472 679,484 1,608,956 Analysis of expendituro by activiti0$ Activities undertaken directly 2022 Support costs 2022 Total funds 2022 Operation of Youth Zone 1,366,237 585,886 1,952.123 Page 23
CROYDON YOUTH ZONE IA company limitèd by guarants•) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Analy$l$ of oxpenditure by activities Icontlnuodl Activities undertak8n dirpotly 2021 Support costs 2021 Total funds 2021 Operation of Youth Zone 7, 177,416 431,540 1,608,956 Analysis of 5UPPOrt costs Operation of Youth Zon• 2022 Total funds 2022 Total funds 2021 Depreciation Other staff costs Uniform Telephones IT, website & software Professional & consultancy fees Licences Other supplieis & sundry costs Insurance Printing, photocopying & stationery H05Pltality Marketing & communications Onside Netsvoik donation Volunteer Costs Utilitie5 Premises costs Catering Bak rharges Audit fees 222,987 18,770 3.163 6,376 21,853 21,864 12,067 4,678 33.605 8,270 23 222,987 18,770 3,163 6.376 21.8S3 21,864 12.067 4.678 33,605 8.270 23 215,243 6, 789 2,647 6,834 16,228 3,253 10.739 2,045 27,514 5,068 133 26,893 24,705 360 26,893 24.705 360 6,698 12,750 147 48,265 42,797 17,452 668 6,270 54,108 58,128 58,104 1,472 8,460 54,108 58.128 58.104 1,472 8.460 585,886 585,886 431,540 Page 24
CROYDON YOUTH ZONE IA company Ilmlted by guardntsel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 10. Auditor's rnUn•raIl¢n 2022 2021 Fees payable to the Charitls auditor for the 8udit of the Charitys annual axount5 6,000 5,500 Fee$ payable to the Charills audrtor in respect of.. All non-audrt services not induded above 1.000 770 11. Staff costs 2022 2021 Wages and salaries Social Security c03ts Contribution lo defined Contribution pension schemes 1.131.616 69,886 16.889 7,048,290 57.032 15,324 1.218,391 1, 120.646 The average number of persons employed by the Charity during the year was as follows.. 2022 No. 2021 No. Staff 90 97 No employee received remuneration amounting lo more than £60.000 in either year. The agggate remuneration of the Key Management Personnel, coFnpri$es the Chief Executive, Business Adminislralion Manager. Head of Youth Work, Head of Fundraising and Volunteer and Training Manager al a total Cost of £232,87912021'. £253,010). 12. Trusteès. remuneration and •xp8ns•s During the year. no Trustees received any remuneration or other benefits (2021- £NIL)- During the year ended 31 March 2022, no Trustee gxpenses have been incurred (2021- £NIL). Page 25
CROYDON YOUTH ZONE {A company limitsd by gu•rant•el NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 13. Tangible fixad assets Freehold property otor Fixtufès and v•hicles ffftings Computer equipment Total Cost or valuatlon At 1 April 2021 Addits"ons 6.288,203 7,895 315,436 43.529 73,731 17.494 6,677.370 85,348 16,430 Al 31 March 2022 6,296.098 16.430 358,965 91.225 6,762.718 Depreclation Al 1 April 2021 Charge for the year 196.716 125,829 102.225 67,620 39,471 27A12 338,412 222,987 2.126 At 31 March 2022 322.545 2.126 169,845 66,883 S61,399 Net book valu• At 31 March 2022 5,973,563 14,304 189,120 24342 6,201.319 Al 37 March 2021 6.091,487 213,211 34,260 6, 338,958 14. Debtors 2022 2021 Due within ono year Trade debtors Other debtors Prepaymenls and accrued income 78.3S6 5,136 280 6.360 5.250 9,78S 83,772 21,395 Page 26
CROYDON YOUTH ZONE IA company limitèd by guarantsal NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 15. Creditors.. Amounts falling due withln one year 2022 2021 Trade creditors Other taxation and social security Other creditors 33,714 30,180 83.785 13.553 37,321 29.350 80,729 12,561 Accruals and deferred income 161,232 153,961 18. Slatsm&nt of funds ststement of funds. current year Balaneè at 31 March 2022 Balance at 1 April 2021 Tran5fer5 Incom• Expgndtture unrestrict fijnds Deslgnatod funds Major Works & Repair 100,000 100.000 200.000 General funds General Funds- all fvnds ,194.216 1.661,472 11.354.274) 1111.8511 1.389,S63 Total Unrestricted funds 1,294.216 1,661,472 {1.354.2741 111,8511 1.589,$63 Restricted funds Fixed Assets Sensory Room Equipment Ivarious fundersl Jack Pelchey Intemship Programme Jack Pel¢hey Achievernent Awards 6,190.348 1228.055) 5.962.293 13.339 1956) 12.383 29.142 123,602} S,540 2,490 20.$44 5,249 {4,5381 {1.6291 3,203 18,915 Big Local Green Anonymous- Laptop Computers Young Londoners Fund Table Tennis England 1.155 18,070 575 37.161 133,7621 15751 452 21,921 Page 27
CROYDON YOUTH ZONE IA company limitsd by guarnnt•el NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 16. Stslèmant ol funds Icontinuedl Statament of fundg - current yoar Ic4)nllnuod Balance at 31 March 2022 BalanG• at 1 April 2021 Transfvrs inlout Income Expendltur• 8abyzone Jack Pelchey COVID Queens Comrnonwealth Fund Anonymous- Fundraising Initiative UFC Prolect Kick Stsrt HAF ProgTamme Holiday Club Sony Musi¢ Prudence Trust Culture of Health Champions Children Campaign Menttsring L&Q Viridor Beddington Community Benefit 6.Z27 4992 5.000 100.000 14,974 156,2941 {18.1511 15.ODOI 49,933 1,815 85,338 150.000 1119.1851 11,S181 116.1S1 11,5181 11,851 24,963 36.440 11,851 24,963 100,000 3.325 7,776 163.5601 15.0951 18.6401 1.770 864 2.000 16.622 19601 125.3871 8.765 (5001 Isooi 6.348,076 503,063 (S97.8491 11.BS1 6,265.141 Total of funds 7.642,292 2.164,535 11,952.1231 7.854.704 Page 28
CROYDON YOUTH ZONE {A company limltsd by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 16. Statèment of funds Icontinuedl Restricted fvnds at 31 March 2022 comprise the followng.. l. Sensory Room Equipment (various fundersl A collaborative project with 5UPPOrt received from Wooden Spoon, the Toy Trust and James Tudor Trust, which enabled us to equip our sensory room with the high qualty resources to support young people wf(h additional needs. 2. Jubilee Trust Provided us with funding that en8bled us to purchase tsutdoor cinema equlpmert netball equipment and football equipment for our young people. 3. Jack Pelchey Achievement Awards Have helped us to begin to recognise the achievements of young people at Legacy since February 2020. 4. Big Local Bioad Green Funding to develop a fulty equipped library within Legacy. complete bmth bespoke bookcases, desks, computers and staffing to support with their sch¢)ol work and general well-being. 5. Anonymous- laptop computers Donated funds to purchase laptops for young people who did not have access to a device at home during national lockdowns, lo help support wth their school work and general well-being. 6. Young Londoners Fund Funding Legacvs employabilty programme ¥Emp¢wred', Supportlng young people at risk of exclusion, social isolation or criminal behaviour to find a job, work èxperience and apprentice5hip5 through tsrgeted workshops. 7. Table Tennis England Funded outdoor table tennis equipment lo establish a table tennis club for young people at Legacy 8. Babyzone A grant to develop a free, walk-in mother and loddler group. breaking down barriers for parenls who may stwggle lo access traditional provision. 9. Jack Petchey COVID A grant to help us deliver crucial helath and wellbeing sUPPOrt by contributs.ng 200 of the project costs to be delivered beeen April and Odtsber 2021. Funding the youth wtrrkers that make thi5 possible in the recreational area, wellbeing rooms and through our sports provision. 10. Queens Commonwealth Fund A grant ¢ontributiong towards our Enterprise offer, sUppOng young people to develop their business 8Men in a lun and relaxed 5etling. 11. Arts Council A grant to sijpport the momentum buim with our ueative offer frjr the young people of Crgydon. Funding our dedicated art5 worker, lo ensure we could continue to offer young people in our Community a varied and creative arts and culture offer during lockdowns. 12. CMC A government grant to support Youth Zones across the Onside netsvork to deliver our essenlial yolrth work seNices for young people in a posl-COVID world. 13. Sports England Funding to support our bullding costs during lockdown, including utilities, secunty. Maintenan and deaning. 14. Anonymou5- Fundraising A grant to help devdop Legacls fundTaising team through establishing new income streams and supporting the charitys overall sustainability. 15. UFC Project A programme to run mixed Maal arts for at rTsk young people. Expenditure was incurred in advance of the funding being received after the reporting date which generated the deficit on the fund. 16. Kickstart A government employment scheme aimed at getting young people back into employment. 17. HAF Programme Holiday Club Page 29
CROYDON YOUTH ZOME IA company limitsd by guar•nts8) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 16. Statement of funds Icontinuedl Funding to operate a Holiday Food & Fun club for young people eligible for free school meals. 1 b. Sony Muslc Funding for a Pan-London music programme aimed at providing opportunifies for young people wth musical ambitions. 19_ Prudence Trust Funding for a youth worker wlh a focus on mental health of young people. 20. Culture Df Health A Project aimed al creating a complete healihy environment at the Youth Zone. 21. Champions Children Campaign Mentoring To facilitate the recruitment of a Mentoring Co-ordinator. 22. L&Q Health & wellbeing fvnding with a focus on mentsl heahh support. 23. Viridor Beddington Community Benefit Funding for a film project promoting young poeple. This film was writien and produced by young people. Expenditure was incurred in advance of funding being received. ststèm•nt of funds - prior y¢ar 8alanGe &t 31 March 2021 Balance at l Apnl 2020 Trnnsfers irnlout Income Expenditure Unrestricted fund8 Dèsignated funds Major Works & Repair loo,000 100,000 General funds General Funds- all fvnds 840,241 1,383,446 (929,471) (100,000) 1,194,216 Total Unrestricted funds 840,241 1.383,446 (929,471J 1,294,216 RtrIcted funds Fixed Aysets Sensory Room Equipment IvaTIOU5 fijndersl Jubilee Trust Jack Petchey Achievernent Aw8rd$ Big Local Green Anonymous- Laptop Compulerg Young Londoners Fund 6,405.591 (215,243) 6, 190,348 16, 764 392 (3,425) (392) 13,339 1,500 (57QJ {4,456} 2,490 20,544 25.000 25,000 55,741 (23.845) 137,677) 1, 155 18,070 Page 30
CROYDOII YOUTH ZONE IA company limited by guararrtee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 16. Statement of funds lcontinued) Statement of funds- prlor year (¢ontlnuedl Balance at 31 March 2021 BalanGe at l April 2020 Transfers inlout IncL)me Expenditure Table Tennis England Babyzone Jack Pelchey COVID Queens Commonwealth Fund Anonyrnous- Fundraising Inits"ative Arts Council CMC Sports England 1.050 6,227 4,992 5,000 (475) 575 6,227 4, 992 150,000 14,864 303.940 10,000 (64,664) (14.864) (303.940) fto,000) 85,336 6,449,247 578,314 (679,485? 6.348.076 Total of funds 7,289.488 7,961, 760 (1,608,956) 7,642.292 17. Analysls of nol assets tween fund$ Analysis of n•t assots behveen funds- curr•nt y•ar Unrestrict8d Re$trictsd funds funds 2022 2022 Total funds 2022 Tangible fixed assets Current 855ets Creditors due wthin one year 6.201.319 63,822 6,201,319 1,814,617 {161,2321 1,750,795 1161.232) Total 1,S89,563 6.265.141 7.854.704 Page 31
CROYDOM YOUTH ZONE IA company limlt8d by guarnnts8) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 IIIARCH 2022 17. Analysis of net assets funds Icontlnued) Analy51s of net assets betw¢eD funds - prior y•ar Unresfvcted ftjnds 2021 Restricted ftjnds 2021 Total funds 2027 Tangible fixed assets Current assets Creditors due VAthin one year 6,338,958 9,118 6,338, 958 1,457,295 (153,961) 1,448, 177 (153,9671 1,294,216 6,348,076 7, 642,292 Total 18. Reconciliation of net fflov8ment In fund5 ta net cash flow from op•rating activiti•s 2022 2021 Net income for the year las per Statement of Financial A¢tivities) 212.412 352, 804 Adlustftiènts for: Depreciation charge$ Dividends, interests and rents from investsnents Decreasellincreasel in debtors Increase in creditors 222.987 17591 162,377) 7.271 215,243 (591) 15,818 22.443 Not cash PTovldèd by operating activities 379,534 6Q5, 717 19. Analysi$ of ¢a8h and cash equival•nts 2022 2027 Cash in hand 1.730,845 1.435,900 Totsl cash and cash oquivalents 1.730,845 1,435,900 Page 32
CROYDON YOUTH ZONE IA company limlted by guarantsel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 20. Analysis of chang•s in ntt debt At l Aprll 2021 Cash flov*8 At 31 March 2022 Cash at bank and in hand 1,43S,900 294.945 1,730,84S 1.435,900 294.945 1,730.84S 21. Capltal commitments 2022 2027 Contracted for but not providèd In thèse financi?1 ststements Acquisition of tangible fixed assets 82.215 82,215 22. Pension commitments The charitable company operates a defined Ggntribulion pension SGheTne. The assets of the scheme are held separately from those of the charitable company in an independently administered fund. The pension ost charge repre5ent5 contribution5 payable by the charitable company to the fijnd and amounted to £3,10612021.' £3,437) were payable tts the fund at the balance sheet dale and are included in creditors. 23. Related party transactions The Charty has not èntered into any related party transaction during the year, nor are there any outstanding balances owing behyeen related parties and the Charity at 31 March 2022. Page 33