Company no: Charlty no: 10405820 1173107 Croydon Youth Zone Trustees, Report and Flnanclal Statements For the year ended 31 March 2025 •AE121QEI* 2411212025 COMPANIES HOUSE A52
264
Leg@]¢V
Croydon Youth Zone Trustees, Report and Flnancial Statements For the year ended 31 March 2025 COPfftMTS Page TRusfEES' REPORT CHAIRS REPORT srRAIEGIC REPORT 1.1 Alms & •¢tl¥lWes 1.2 Athlevements and p¢rforrnance 1.3 Fln¥n¢l•l re¥lew 1.4 Plans for the future 1.5 Publlc benefit & volunteers, contrlbutlon GOVERNANCE 2.1 Reference and admlnlstratlve detslls 2.2 Strnrtu, 8overnance and mana8ement 2.3 Statement of Trustees. responslbllltles io 2.4 Compllance wlth a¢countln8 Standards li 2.5 St•tement as to dbsdosures to our audltors li FINANCIAL STATEMENTS Independent audltaes rnport 12 St•l•m•nt olfin•ndal •rtl¥hhi 15 Balan¢• sheet 16 St•lement of c•th flows 17 Notu to the FlnJKlal St•tements 18
Croydon Youth Zone Page I Trustee$, Report and Flnandal Statements For the year ended 31 March 2025 CHAIAS REPORT Le8acVs work has never been rnore vltal. Across Croydon, youn8 people contlnue to face $18nlflcant pressures Ilnked to the cost- Of-llne crisi5. rising anxiety and lonellness, and feduced access to safe, affordable spaces. National research shows that many youn8 people stlll spend most of thelr free tlme at home, often Isolated from peers and opportunltles to grow. Agèlnst thls backdrop. Legacy Youth Zone has remalned a constant source of stablllty. hope and belon8ln8 for thousands of young people. Over the past year. Legacy has Contlnued to dellver hl8h-quallty, Incluslve youth work rooted In trusted relationships, skllled youth workers, and a commltment to puttln8 youni people flrst. A wlde ran8e of actlvltles. resldentlals and trlps, creatlve $esslons, employability workshops and leadershlp opportunltles have helped young people develop new skllls, bulld tonfidence and stren8then theSr wellbe5ng and ambltlon to be the best versions of themselves. Our offer has adapted to reflert the needs of youn8 people tod4y* ensvrln8 that L•84w r•malns r•lwant, dynamlc and accesslble to the whol• tommunlty. Thls year marks the first full year ol implÈmentln8 Ouf new orAan5satlon•l strategy. Our Lasiini Leea¢y12024•2027). Developed In partnershlp wlth young people, staff, trustees, partners and the local communhty, the strate8y sets out a clear and ambltlous dlrectlon for the Charlty. It focuses on stren8thenln8 the quallty and reach of our youth work. bulldln8 a posltlve and values-led culture, and ensurln8 financlal sustslnabllity for years to come. l arn proud of the Pfogress made and the momentum created under thls renewed strategic vlsloh. Legary contlnues to benefit from beln8 part of the natlonal Onslde network. The ablllty to share good practlce, acce55 ¥ddltSon•l expertise, and form new relatlonshlps with funders across the country has stren8thened our padty and contrlbuted slanlficantly to our fundralsln8 success. We remaln deeply irateful to all network-wlde sUPPOrters and to the Onside Foundatlon for th•lr Contlnued Investment In Croydon's Ung people, I would a150 Ilke to expreu my slncere appreclatlon to Lesaols dedlcated board of Trustees who ¢ontlnue to provSde thoughtful challen8e. slrateglc Insl8ht •nd unwaverln8 support. Over the past year. the board has strenithened It$ 8overn•n¢e pr•rtl¢es nd broadened Its collectS¥e expertlse, ensurin8 that Le8acy remalns well-placed to navlgate a changln8 external envlronment. Their cornmltment to Creating a board that Is refleclive of the communlty we serve continues to 8uide our recruitment, Inductlon and development work. Thls has also been a year of Drganlsatlonal transltion and opportunlty. Wlth the appolntment of Myke Catterall as Chlef Executlve, Le8ary has benefited from stron& steady and values-drlven leadershlp. Myke, havlng been part of the or8an15ation from the be8lnnln& brln85 a deep understandln8 of both the local communlty and the Youth Zone model. HIS commltment to staff wellbeln& operatlonal excellence. fundralslng dlverslficatlon and youth-led practice ha5 already rnade a sl8nlficant Impact, and the Charlty Is well-posltloned for the ¢omln8 years under his leadershlp. Manaelng the changes In organlsatlonal strate and supportln8 the needs of young people at Legacy Is not wlthout Its challenges and Myke has already proven hlmself to be the rlaht person to help take LeBaw forwards.
Croydon Youth Zone Page 2 Tru$tees' Report and Flnan¢lal Statement$ For tho year ended 31 March 2025 CHAIRS REPORT (conllnu•d) In December 2024, Kathryn Morley inforrned the Board of her Intentlon to step down as Chalr after a rewardlng perlod of servlce to Legacy. As a Trustee and former Treèsurer for Legacy, l stepped Into the role of Chair and am proud to do everythln81 c•n to ensure that L¢8acy contlnues to dellver for Ihe youn8 people of Croydon. Legacy has extraordlnary potentlal. Every day, young people demonstrate their creativlty. resilience and ambition. and e¥ery day our staff and volunteers rlse to meet their needs with compassion. professionalism and determination. With the continued 5UPPOrt ol our trustees, tunders, partners and wlder cornmunlty, l am confldent that Legacy Youth Zone wlll keep growln81ts Impact and strengthening its role a5 a vital. Ilfe<hanglng resource for youn8 people In Croydon. S Culp¢per Chalmian; Company Dlrertor and Tnthe Le8acy Youth Zone In Croydon Date: 231121202S
Croydon Youth Zone Page 3 Trustees, Report and Flnandal Statements For the year ended 31 March 2025 STrATEGIC REPORT 1.1 Almi & a¢tMlles Croydon Youth Zone, named as Le8acy by youn8 people, was opened in September 2019. The Youth Zone is an independent Charity, but we are proud to be part of the 8rowlni Onslde Network whereby we have adopttd a set of principles ihai 8uide our work wlth young people. Our universal offer Is focussed around a state-of-thtrart, multlmllllon pound fadllty that Is purpose bullt and remains dedScated to young people. We work wbih youn8 people aged from 8-19 (up to 25 wlth addltlonal ne•d5) and offer an array of actlvltles for voun8 people to 8et Involved In. Our swvlces are affordable for younz people who can access the provlslon lor Just a £5 annual membershlp and 50p entry fee. Whllst our bulldlng and artlvltle5 provlde o hook for young people to InltSally engaie wlth us, the relatlonshlp$ they develop wlth our ambltlous and energetlc team of Youth Workers ensures they return nl8ht after nlght. We prlde ourselve5 on beln8 open when youn8 people need us the most, durin8 evenlnls and weekends. whenever schools are dosed. SSnce openln& the Youth Zone has had over 16,000 younc people s18n up as members of whS¢h •round 60% are male and 40% are fern41e. We have now dellvered one full year of ¢)ur new strate8y'Our Lastln8 Lelarf whlch wlll gulde our work for the perfad 2024- 2027. We desl8ned ihe 5trate8y In consultstlon and communlcatlon wlth our $tskeholders Includlnl trustees, staff, supportery, partners, parents and carers and most Importantly youn8 people. 'Our Lastlng Le8acV places youn8 people at its heart. We belleve that èll youn8 people should have acce55 to the best opportunltl•s and should be able to use thelr volces to define thelr futures. By provldlni safe and Insplratlonal places for youn8 people to 80 at scale and ensurln8 they have access to positive and trusted role models we are confident we can make a $i8nifi¢ant chan8e In our communlty. evory youni p•rnon to b• bffama th• b•st vmlon of th¢mMIv¢s. Mlsslon: We glve young people ol Croydon the opportunfty to dlswver thelr full potentl•l through p0511fve •cil¥ttles •nd Insplratlonal Yothh Workers wlthln 4 safe en¥lronmenl. To achleve thls vlslon the Charlty wlll be workln8 towards 3 str8te81¢ alms: To be a Safe, welcomlngi and hlih-quality youth provision that is led by youn8 people and responslve to the ch•nglni needs of YOUD8 people and the communlty. l To be a value led and Incluslve or8anlsatlon that dedlcated people asplre to be a part of and commlt to contlnual 8rowth. 3. To be a sustalnable orynlsatlon whleh uses Its re$our¢es responslbly •nd effertNely •nd h•s • lon8-tefm positNe Imp• on the local communlty and envlronment. Wlthin the 3 strateglc alms there are 9 goals that Trustees wlll perlodlcally monltor the organlsatlon'5 proiress aialnst and provlde support to the Senlor ManaBement In Identrfylna and driving forwards areas of development. Through our work. we embrace 5 organi5*ional values: l. YOU peoph Ilrs¢.. Youn8 people are at the heart of everythSn8 we do Insplrln8 and ¢hallen8ln8 US to delfver services Ihat exceed their needs and challenge them to be the best they can be. 2. ExcellenN: We encourage ourselve5 and each other to be best we can be through continuous development and a focu5 on findlna solutlons. Rewrt We act with honesty. integrity. and celebrate diversity acro55 ihe organisation and caring about each other, our voun8 people, and the Youth Zone envlronment. Ambhlon: We are passlonate and drlven In tskln8 on new challenges and embracin8 new Ideas. 5. Collaboratlon: We wlll create and nurture 5tron& creative relation5hip5 and partnership5. workin8 togèther to achieve better results and outcomes for young people.
Croydon Youth Zone Page 4 Trustees, Report and Financlal Statements For the year ended 31 March 2025 1.2 Athlev•ments and p¢rform•nc• Our team of committed and diverse colleagues have shown Incredlble passlon and dedication to deliverinE excellent youth work whlch has resulted In the followln8 of successes; In total we were vlslted by YOU people a total of 30.313 Ilmes durlni Ihe l•$t fjnandal .year showlng that our offer contlnuesto be relevant, popular and en8a8in8. Youne people vls5ted the Youth Zone from all 28 wards In Croydon and beyond. We hosted 3 communlty days at the Youth Zone and over 1,500 resldents from Croydon attended. Ourln8 2024-25 we tralned and onboarded 77 volunteer5 and young leaders from the local communSty who supported the Charlty through operatlonal youth work •nd back offlce admln volunteering. The Youth Zone ensure$ that It Is an affordable space for all young people •nd 53% of our re8ul•r •tt•nde•s are entttled to Free School Meals. We welcomed 681 new members to the Youth Zone In 2024-25. Sln¢e openlni In 2019. 16,322 young people have become member$ of the Youth Zone of whlch 3,712 youn8 people have been actlve In the last 12 months. r Youth Workers supported young people for a total of 33.419 hours and ensured that we malntalned a safe and Insplratlonal envlronment lor members. The Youth Zone Is an Incluslve place for all youni people and 801 of our members have an addltlonal or sp•clal educatlonal need. Le8arfs Impact on the whole comrnunlty cornes from Ihe Indlvldual storles of how the Youth Zone has transformed a youn8 person's Ilfe. Chlld 'A' Is one of those young people and thelr story Is below: "WI lflrst I dldny know or underrtand most Ople. lfvund the musk teqcher who Introd¥4 to the musk room ond storted to show me thlnqs that l ¢ould b¢rome Interested lft, l.e. uslnq drum4 keyboorfs. WOTklnq In the fflk Studlo cnd wrltlno sonis. I love muslc ondjtarted to qttendqlmvrt gllmy¥¢sslons In the musk room. Unfvrtunotely, I was olwoys gettlnq Into trouble at the zone. qettlng Into oryuments, aftd In some cases, flqhdnq. I have ADHD. qnd In somt oreos ol my Ilft, I con flnd thls dlsorder very rhollenqlnq' thls wn lftterf¢re wlth my bho¥lour, dolfy Ive and my developmenL 5¢hool con become veryfrustrotlnqfvr me ot tlmes both wfth odults and mypeers. Havlnq ADHD (an
tso leodto myundernchlevementlnschool. I can glsoflnd thlnqs dMftult•thome.
Aetendlnq Leqory hos iupprtedme a qreat deal. I can meet wlth myfrlend4 14Ut l spend most olmy tlm¢ In the musk leornlng new sk11 Wh¢n lflrst orrf¥ed at the ft was Shannon ond P41ck who took me under blelr wln¢4 Shonnm wlth the m#ik and Nkk In the gym. Thex th wothrssupportedrne whlle ot theione.. however. lstlllfvund that I woj oelthq Into troubl¢. Flnolfy, I met Rose. the Wel&8elnq Trwth worker. After o bad seu19 Rose tao me oslde started to speok to me obout my behavlour. Aijlrst, I dldnt wont to speak to Rose because we hod ftevermet. Rose took the tlme to speok to me oboutmv belh7vlour. lfvund thatshe wantedto ltsten •ndhe4r wh•tlhad to Sry• and not talk back to me or atme. Rose wos oble to calm me down and I was able to explahi myfvstratlon& Plomially. deallnq wlth people In the some spo¢e and qt the sqme tlme15 dlllkuftfvr me to ¢oy wlth. I spent some Ilme wlth Rose thot sesslon. after we hodspoken, Rose told me thot she wos oolng to put q plan Into plwefvr me each vlslt ebtry tlme l arrfve we would meet and hove a Well4elng conver5Qtlon maklnq Sure that my day/week h•d been qolng well. To start wlth we wouldolwqys ¢he¢k In atthe endojthe $essloft to see how thlngs were qolnq. We IVe slnce contlnued to do 5th I hgvefvind these 5esslon$ very supportlve and Infvnnotfve,. I vlslt wlth Rose every tlme I'm gt the wne. Slnce meeilnq wlth Rose. my confidenee aftdbthovlour have Improvedo lot. lftelfree when fm ot the ne oftd know how to handle mysetr befv I wasn able to do 50 wlthout que5tlgnlnq oth¢rs and belng oryumentoth*. Rose hqs suqqested STOP, THINK &V¢EA ThE 0$ l ¢ould howe some Qnger and need someone to SUPM me I'm not ot Legq¢y."
Croydon Youth Zone Pa8e 5 Trustees, Report and Financial Statements For the year ended 31 March 2025 1.3 Flnanclal revltw Hnon¢lalsummary A Summary of the results Is shown below: 2$ 2024 Incomln8 resources Outgoing resources I,04718 1,394.787 {1.$77,1891 {1,639,890) Net In¢omln8 resources 1529.3611 1245.1031 In 2025 our out80in8 resources decreased by £62,701 Compared to 2024 malnly due to a sl8nlficant reductlon In our staff costs for the year. Thls redurtlon was made to ensure that the Charlty was able to Serve the young people ol Croydon for lutufe perlods whllst contlnuing to maxlmlse the use of our bulldln8. The Charlty benefltted from a sl8nlficant reductlon In ener8y costs compared to the year before due to a more favourable fixed term contract. However, as the bulldlng Itself Is now over S years old we have experlenced Increased premlses costs whl¢h we expect to be on8oln8 In the comlng years and have planned for sorne caplt41 work5 need•d. Our Incomlni resources decreased compared wlth 2024 whlch was mainly due to ihe lap51n8 of 50rne of Ouf foundef patrons. Our team are focussed on securlni new patrons and a¢hlevln8 addltlonal Inrne from 8rants, trusts and foundatlons as well as our Charlty ioll d•y. In 2024125 we also had a turnover of staff within our fundralslng team whlch left some recruitment 8aps. Our 2025 results conllnue to provide evidence that the Charlty Is able to achieve significant levels of Income durlng challenulng econornic periods but we remaln mlndful of the decrease of Income from our Inlti•l supporters. In 2024-25 we éxpect our end of veèr posltlon to be con5151ent wl¢h 2023-24. Fundlng for the on8oln8 operat5ng costs of the Youth Zone Is spread acro55 a number of sources Sn¢ludln8 the orl8lnal Founder Patrons. Other potentlal supporters are re8ularly sought and en8•8ed wlth. We also contlnue to develop our fundraislng efforts to secure grants from Trusts and Foundatlons, comrnunlty •nd ¢orpor•te lundraisln8 and ¢hboardÈd a Trusts and Foundat5ons Consultancy or8•nS$•tlon to help drfve thls Income str¢am. Other Income Is derlved from youn8 people's membershlp fees. sesslon fees {50p'sl and café sales where prlcln815 allgned wlth Ihe Onslde Youth Zone Network A8reement to ensure afford•blllty for youni people. In recent years we ha s18nSflcantly a150 8rown the Income derlved from workln8 In partnershlp wlth Ilkemlnded or8anlsatlons to ensure that chlldren and youn8 people Can benefft from our facllltles durlnl the daytlme whleh also ¢ontrfbuted to the or8anlsatlGns Income. Investmentpowers andpolky Under the Memorandum and Artlcles of Assoclation. the charitable company ha5 the power to make any investment which the Trustees see ftt. Investment5 are made where required to fiirther the oirn5 and objects of the Charlty. Currently, the Charlty does not hold any investments other than cash on deposit with Handelsbanken plc. The B¢)ard of Trustees of Legary Youth Zone has established a reserves policy whlch approprlately refiects the rlsks to whlch the Charlty Is exposed. In revlewln8 the potentlal costs that could arlse should a 518nlficant redurtlon In Income be Incurred, the Trustees have determlned that It is ¥pproprlate for unrestrlrted, 'free', reser4es to be malntalned between 3-6 months. At 31st March 2025 the Charity has accumulated unre5trirted, 'free'. re5er4e5 of £776,236 thls provldes cover of 6 months of operating cost5. The Trustee5 artNely manage Legacy Youth Zone's finances so that an adequate level of reseNes is maintalned in compllance wlth the reseN¢s pollcy. The re5er¥e5 pollcy does not consider expendlture whl¢h Ss Ilnked to restrl¢ted prole¢ts and therefore covered by restrirted funds.
Croydon Youth Zone Page 6 Trustees, Report and Finanaal Statements For the year ended 31 March 2025 IJ Flnand•l revl•w l¢ontlnuedl Golnq con¢ern Glven ihe current posltlon of the Charlty wlth regards to unrestrlrted, 'free'. reserves and our on8oln8 commitment to contlnulng to develop fundralslng actlvlty In new areas, the Trustees are satlsfled that the Charlty fulflls ihe crlterla for the i0Sni concern prlnclple. Thls conclu51on ss also derlved followln8 the rqular, detalled revlew of the forecasted Impart of the rlsln8 Cost of Ilvlnl and contlnulng to be a London Uvln8 Wa8e Employer, whlch contlnues to be revlewed by the Trustee5 on an on8oln8 b3515. We have modelled forecast cash flow for this period taking account of current Cash balances and expected Income and expenses and Intended to revlew the org•nls•tlon staff strurture. The Tru5tee$ 3r¢ able to report that the CharKy are concerned about the unrestrS¢ted, 'fr¢e', resery¢ based on future forecastlng but underst•nd5 the drive to dlver51fy Income ensures that the Charity holds an optimlstlc yet cautious financlal outl¢)ok. The Trustees are alert to the contlnued Impact of Inflatlonary pressuTrs, Ilmlted employee pool and other external envlronment factors whlch may affect the lon8-term sustalnablllty of the Charlty. therefore. are supportin8 the Management Team to drlve ambltSous plans felatlng to the Identificatlon and development of new fundln8 Streams In the next yeaf to mltlzate any ne8atl¥e Impact. Pl1nd1fvnd1ftl sources &fvndra151nq stotemert The Trustees would Ilke to place on record thelr •ppre¢latlon to all funders of revenue costs assoclated wlth Le8acy Youth Zone In 2024-25. These Include but are not Ilmlted to.. Day Lewls Pharmacles, Reedh•m Chlldren's Trust, Henry Rlley, Dentsu Ae81s, Four Acre Trust. James Hndlayi 8renley TrusL M R Scaffoldln8 Servlces Ltd, The Onslde Foundatlon. Southem Houslng Assoclatlon, Immerslon Capltal. John Bothamley* Amazon, Seroussl Foundation (In partnershlp wlth the UBS Optlmus Foundation), Crosstree Real Estate, Amro Partners, BP Impact Fund, Croham Golf Club, The 8•fr•tts Foundatlon, JD Sport and more. At thls present tlme the Trustees can conflrm that the Charlty has recelved zero complalnt5 wlth reg4rds to It5 fundra151n8 work. Through all of our work we ensure lull compllante with the Fundralslng Regulator. IA Pl•ng for th• firtur• Trustees contlnue to be ambltlous for youn8 people and the wlder communbty albelt we are consclous of the Impact of the current economlc climate and the Influence ihat thls could have on our funding sources. As has been mentioned in the Aims and ActNitle5 5ertlon, to navlgate through this perlod the Trustees have made a commltment to a new 3 year strategy that we are commltted to deliverln8 for the children and young people of Croydon. The 5trate8y will allow us to focus our work behlnd three strate81¢ aims: l. To be a safe, wel¢omin& and hi8h-qualty youth provlslon that Is led by youn8 people and responslve to ihe chanilnB needs of youn8 people and the community which includes working wlth like-minded partner5 and organisation who we can collaborate wlth the sUPPOrt the yOh work vision and mSssion by deliverin8 wlthln our se[On$. 2. To be • Value led and Inclu51ve organlsatlon that dedlcated people asplre to be a part of and commlt to contlnual 8rowth which Includes a tallored tralnln8 and CPD plan for our team and ¥olunteer5. 3. To be a sustainable orEanlsatlon whlch uses Its resources re5pon5ibly and effectively and has a long-term positive impart on the local community and envlr¢nment by diversifyin8 our Income and revlewlng best value for money contract5 and servlces. We are confldent that remalnlng focussed on delirIng the 5trate8y will ensure that the Charity continues to have a positive Impart On ¢hlldren and youn8 people's lfves In Croydon. Restrktedfvnds ond dell¥ery¢ontrocts The Trustees •cknowled8e that the Charity currentty has obll8atlons to de15ver a number of proJects In partnershlp wlth The J•ck Petchey Foundatlon, Croydon Council, Burberry. UFC. The Onslde Foundation, B•rratt Foundatlon, Reedham Chlldfen's Trust, Onside Youth Zones. FlredUp4 and Prudence Trust. These projects enhance our core worL and we are irateful to those who have funded restrirted projects in 2024-25.
Croydon Youth Zone Page 7 Tru5tees' Report and Flnanclal Statements For the year ended 31 March 2025 1.5 Publk b•nefft & volunt••rf ¢ontrlbullon All the actlvltles of the Charlty were undertaken to further Its charftable purposes for publlc benefft. The provtslon of a hli quality fa¢lllty for young people In Croydon responds to a clear. ongolng demand from young people, parents and carers and the wlder cornmunlty, Although providln8 a servlee to all youn8 people, Croydon Youth Zone wlll ¢ontlnue to focus on attendance and partlcSpation by young people across the entire communlty who will be able to enjoy affordable acces5 to all the fadlltses that the Youth Zone can provlde. Thls will lead to Improved achlevements and enhanced asplratlons amongst youn8 people of the local community. They wlll be happler, he•lthler and make more constructlve use of thelr lelsure tlme whlch wlll be of added benefit and value to the borough. Longer lerm publlc beneflts wlll Include Improved health, reduced ¢rlme, enhanced learnln8 and employablllty and greater communlty whesion. The Trustee$ of Leiaty Youth Zone belleve they have ¢omplled wlth the duty In s•ctlon 17 of the Charttles Act 2011 to h4v• du• re8ard to the publ5¢ beneflt 8uldance published by the Charity Commls$10n. Throu8hout the perlod all members of the Board of Trustees made Invaluable voluntsry contrlbutlon5 to the Charityls work In terms of governance, professlonal and buslness emperlence, flnanclal plannln& fundralslng and leadSn8 Inltlatfves across the Youth Zone. Such ¢ontrlbutlons were. on avera8e. equlvalent to two fvll day each calendar month. Legacy Youth Zone also has benefftted from volunt•ry contrlbutlons from members of the local communlty to support work wlth youn8 people, dellvery of •rtlvltles and support wlth admlnlstration and operatlonal artlvltles, Contrlbutions vary ID tlme ind frequency. but on averi8e around 350 hours per month and all are Invaluable to the success of the Youth Zone.
Croydon Youth Zone Page 8 Trustees, Report and Flnanclal Statements For the year ended 31 March 2025 GOVEIINANCE 2.1 Refernnce and admlnlstratlve d•tslls Croydon Youth Zone was incorporated on l October 2016 (Company registration number: 104058201 as i company limlted by 8uarantee an.d reglstered as a charity on 18 May 2017 (Charity reai5tration number: 1173107). Tndln8 nam• Legacy Reilst•r•d offi 125 Whitehorse Road Croydon CRO 2LG Dlre¢tors & Tnu¢••$ The Dlrertors and Trustees of the Charlty who served durln8 the year and were: S Culpeper (Chalrl O Adekoya J Amln I Chatwal C Chlzea S Da¥les K Karpenko M Lewls K Morlev P Patel C Rees J Tr•yfoot Reappolnted 14 Au8USt 2024, Appolnted Chalr 19 Oecernber 2024 Resl8ned 22 Aprll 2025 Appolnted 15 Aprll 2024 Reappointed 17 April 2025 Res5ined 22 Aprll 2025 Reappointed 19 December 2024 Reslgned 22 Aprll 2025 Reslgned 27 Oecember 2024 Reslgned 19 December 2024 Appolnted 22 Aprll 2025 Appolnted 22 Aprll 2025 Reappolnted 6 June 2024 Chlef Exeurtl¥e G Evans M Catterall Resl8ned 31 December 2024 Appolnted l January 2025 Audltor Mlchael Garrett FCA Xelnadln Audit Limited 100 Barblrolll Square Manchester M2 3BD Bankers Hande15banken plc Romford Branch 3-5 Eastern Road Romford RM13NH WeIte wvnv.le outhzone.o
Croydon Youth Zone Page 9 Trustees, Report and Flnanclal Statements For the year ended 31 March 2025 22 StN¢tUf• iovem•nce and maTh•yfflent 6ovemlng do¢ument Legary Youth Zone Is • comp•ny Ilmlted by iuar8nte• wlthout share capitsl and re8lstered under the Companles Art 26, reilstratlon number 10405820, The company 1$ governed by Its Memorandum and Artkles of Assoclatlon dated l Ortober 2016, Management of the compan¢s affalfs Is vested In the co-Dlrertors. It Is a charity registered with the Charity Commission on 18 May 2017. In the event of wlndlng up. the present members and those who have ceased to be a rnember wlthln one year of suth event have guaranteed the liabilities of the company to the Sum not exceedln8 ten pounds each. Reffliltment andoppolntrnent oJTruJteeJ (Dlr¢rtvTh) The flrst Olrectors were the subscrlbers to the memorandum as notified to Companles House as the first Directors of the Charlty. A person appointed as a Director thereupon becomes a Member of the Charity and a Director who cease5 to hold office for any rea50n thereupon a5¢S tp be • Member of the Charlty. Dlrertors have the power to appolnt, by ordlnary resolutlon, any person to be a Dlrector whols wllllng to act as such. New Dlrector5 wlll be recrulted ¥ccordln8 to ihe needs of the ChJrlty and the sult•blllty of p¢s1b1e ¢andldates. A unanSmous approval of exlst5n8 Dlrertors would lead to the appolntment. The Memorandum and Artlcles of A3soclatlon states ihat the membérs (Olrectorsl shall have no maxlmum and shall not be less th•n three. At the first Annual General Meetin8 all Directors Must retlre and seek re-elertlon. At each subsequent Annual General MeetSn8 one thlrd of the Dlrertors are requlred to retlre by rotation and seek reappolniment If they wlsh to contlnue. The Members of the Charlty are Its Olrectors for the tlme belna and the only persons ellglble to be Members of the Charlty are Its Dlrectors. Full detalls of the rules are contalned In the Compan¢s Memorandum and ArtScles of Assoclatlon, dated on Incorporatlon on 1st October 2016, which may be inspÈctd at the Le8acy Youth Zon• re8lstered office. Orqonlsotlonolstructure Legacy Youth Zonels governed by Its Trustee Board whlch Is re5ponslble for settlng the str¥teilc dlrectlon of the organ15atlon and the poliry of the Charlty. The Trustees carry the ultlmate responslblllty for the conduct of Legacy Youth Zone and for en5urin8 the Charlty satisfies Its legal and ¢ontractu•l obli8ations. Trustees meet èpproxlmately every two months and may deleaate the Implementstlon of thelr declslons or day to day operatk>n of the organlsatlon to senlor manaiement. anv employee of the Charltyi person or committee a$ ihey see fit. Any committee must Inrlude at least one Trustee. The Trustee Board Is Independent frorn fflanagement. Dec151ons are determlned by a 51mple malorlty of vote5. In the c•se of an equallty of votes the Chalrperson of the meetlng has the castln8 VQte. Relotedporty transartlons None of our Trustees recelved remuneration or other benefit from thelr work with the Charlty. Any connertion between a Trustee or senior manager of the Charity with a connecled party Ilncludlng donors, suppliers and stam must be disdosed to the full board of Trustees In the same way as any other contractual relationship wlth a related party. Related party Iransactions are dlsclosed In Note 17 to the Flnan¢lal Statement$. Paypollcy The Trustees, conslder the board of Dlrectors, who are the Chartys Tfusteés, and the senlor mana8emént tearn eomprlse the key management personnel of the Youth Zone In char8e of dlrertln8 and controll[ runnln8 and operatln8 the Charlty on a dav to day basis. All directors give of thelr tlme freely and no dirertor received remuneratlon In the year. The remuneration of the full staff team Is reviewed annuilly by Trustee$ and, If flnanclal resources allow. generalty increase In accordance with being a Real Living Wage ernployer. Trustees continue to be optimb5tic around their cornmitment to be a Real Living Wage ernployer although remain open to reviewing this p051tion based on future announcements from the Real Living Wage Foundatlon and the Charlt<s financial posltlon.
Croydon Youth Zone Pale 10 Trustees, Report and Flnancial Statements For the year endod 31 March 2025 22 Struciure. Eoveman¢e and m¥n•8oment IMnllnued) Rlsk management Legary Youth Zone utlllses a rlsk re8Sster to re8ularty revlew rlsks assodated wlth the Charlty. The top risks to the Charlty are shared wlth Trustees durln8.each board meetlng. There are opportunities for Trustees to explore these risks In greater detall durln8 board meetln85 a5 well as outslde of the tormal meetln8 Structures. A full flsk revlèw Is scheduled at least once a year. The rlsk reglster is malntained by the CharlVs Senior management team and updated on a re8ular bas15. The rlsk re8lster1s divided into the followin8 Cate8orles: Flnancl•l Strateglc Operational Govem4nce and Reputatlon Ficllltles Risks are graded according to the Ilkellhood of o¢(urrln8 and the potentlal Impa¢t to the Charlty. Thl$1s done both before and after the addltlon of control measures. Where approprlate new rlsks are Identified or c105ed In each sectlon and an overall score 15 4lloc&ied to each ute80ry to allow the Board of Trustees to wmpare the management of r1$ to the Charlty over period of time. The overnll amount ol rlsk to the ¢y88nlsatlon has been stsble throughout the last year wlth most areas ha¥lng mlnlmal changes. However, the Trustees are mlndlul that rlsks assoclated wl¢h achlevlng Incorne tar8et5 and malntslnln8 a reseryes posltion of between 34 months should contlnue to be carefully considered wlth re8ard5 to how to mrti8ate these rlsks over the comlng year. 23 St*iem•nt af Tntst••A' rnsponslbllltl•• The Trustees Iwho are èls0 the Olrertor5 of Croydon Youth Zone for the purpose of company lawl are responslble for preparfng the Trustees Annual Report and financial statement$ in accordance with applicable law and United Kin8dom Accountin8 Standards (United Kln8dom Generllly A¢¢epted AccountlD8 Prartlce). Company law requlres the Trustees to prepare financlal statements for each flnanclal year. whlch glve a true and falr vlew of the state of affaSr of the Charltable ¢omp•ny and of the income and expenditure, of the ¢haritsble company for that p•rlod. In preparlng these flnanclal slatementS the Trustees are requlred to: Select 5ultable accounting pollcies and then apply thern eonsistently; Observe the methods •nd principles In the Charlties SORP; Make ludgemenls and estlmates that are reasonable and prudent: State whether appllcable UK Accountln8 Stsndards have been followed, subject to any materlal departures dlsclosed and plained in the financial statements; Prepare the financlil 5tatem•nts on the 8dn8 ¢onom b•si$ unless It Is iMppropri•te to presume that the charltable company will contlnue In business. The Trustees are responsible for keeping adequate accounting records that di5c105e with reax)nable accuraci at any time the financial posltlon of the charltable company and enable them to ensure that the flnancial statements comply wbth the Companles Aa 2006. They are also responslble for s•fe8uardln8 the assets of the Charitable company and hence takln8 reasonable steps for the PVentIon and detectlon of fraud and other irregularltles. The Tfustees conflrm that so far as they are ¥ware, there Is no relevant audit inform¥tlon of whlch the Charws audltors are unaware. The Trustees have taken all of the steps that they ou8ht to have taken as Trustees In order to make themselves aware of the relevant audit inforrnation and to establish that the Charity5 auditor5 are aware of that inforrnation. The financial statements comply with current statutory requirements, the comPanS Memorandum and Articles or Associatian and the Charltles SORP.
Croydon Youth Zone Pale 11 Trustee$, Report and Flnanclal Statements For the year ended 31 March 2025 2A Cornpllanu wlth •cMuntln¢ stsnd•nh In accordance wlth section 414CIIII of the Cornpanles Act 2006 IStrate8Sc Report and Dlrectors Report) Regulatlons 2013, the company has prepared a strate8Sc report, whlth Includes Informatlon that would prevlously been included In the Tru5tees' Report The financial statements comply wlth Current ststutory requlrements, the company's Mernorandurn and Artide5 of Association and the Charilies SORP. 2.5 ststernent as to dlsdosures to our audltors In accordance wlth sectlon 489 of the Companle5 Act 2006, 4 resolutlon to re-appolnt Xelnadln Audlt Umlted wlll be proposed at the Annual General Meetlnl. The Trustees report was approved •nd was $18ned on behall of the Trustees by: S Culpeper Chalrmaft; Company Dlrertor and Trurte• Leycy Youth Zone In Croydon Date . 2311V2025
Croydon Youth Zone Pa8e 12 Independent Auditor's Report to the Members For the year ended 31 March Z025 Oplnlon We have audlted the financlal ststements ol Croydon Youth Zone (the '¢h)rttable companv) for the year ended 31 March 2025 which compr15e the Ststernent of Flnanclal Actlvlties, 8alance SheeL Ststement of Cash Flows and note5 to the financlal ststements, Includln8 a summary of significant accounting policies. The flnanclal reportlng framework that has been applled In thelr preparatlèn 15 applicable law and Unlted Kln8dom Ac¢ountln8 Stsndards, Includln8 Flnanclal Reportlng Stsndard 102 The Flnancl¥l Reportln8 Standard appllcable In the UK and Republlc of Ireland (Unbted Klngdom Generally Accepted Accountlng Prartice). In our oplnlon the flnanclal ststements: 8lve a true and falr vlew of the state of the Charltable Compan¢s affalrs as at 31 March 2025 and of Its Income and expendSture, for the perlod then ended; have been properly prepared In accordance with Unlted Kinedorn Generally Accepted Accountln8 Prattlce; and have been prepared In Krdance wlth the requlrements of the Companles Aci 2006. Basls for oplnlon We condurted our audlt In accordance wlth Internatlonal Standards on AudStln8 IUKJ IISAS IUK}l and appllcable law. Our re5ponslbllltles under those standards are further descrlbed in the Auditorfs respon51bllltles for the audlt of the fin•n¢lal statements 5ectlon of our report, We •re Independent of the charltable company Sn accordance with the hical requlrements that are relevant to our audlt of the financlal statements in the UK, Includlng the FRCS Ethl¢•l Stsndard, and we have lulfilled our other ethlcal responslbllbtle5 In accordance wlth these requlrements. We belleve that the audbt evldence we have obtsined Is sufflclent and approprlate to provlde a bas15 lor our oplnlon. Q>ndusloTrs relat1 to iolng ¢onom In audltlng the finonclal statements, we have concluded that the Trustees, use of the 8oln8 concern basls of accounilng In the preparatlon of the financlal statements is approprlate. Based on the work we have perfom)ed, we have not Identlfied any material uncertalntles relatln8 to events or condltlons thaL Indlvldually or collectively* may cast significant doubt on the Charltable Company's ability to continue as 3 80in8 concern for perlod of at least twelve months from when the financlal statements hre auihor15ed for Issue. Our responslbllltles and the respon51bllities Of the Trustees wlth respert to golng concern are descrfbed In the relevant sectlons of thls report. Other Informatlon The other Information comprises the inforniatlon included Sn the Trustees, annual repoffj other than the financlal ststements and our auditorfs report thereon. The Trustees are responslble for the other InformatloTr. Our oplnton on the Ilnanclal ststements does not cover the other Informatlon and, except to the extent otherwlse expllclt ststed in our report, we do not express any form of a5suranee conclusion thereon. Our respon51b1lY Is to read the other Informatlon and, In doln8 w, ¢onslder whether the h¢f Informatlon Is materlally InconsSstent wlth the flnanclal statements or our knowledge obtalned In the course of the audlt or otherwSse appears to be materlally ml55tsted. If we Identlfy such material inconsistencies or apparent materlal mlsststernents, we are requlred to deterrnine whether this give5 rise to a material mlsstatement in the financlal statements themselves. If. based on the work we have performed. we conclude that there Is a m•terial mlsstatement of th15 Other Infomiation, we are regulred to report that lact. We hève nothin8 to report In th15 regard. Oplnlons on other matters presulbed by the Comp•nl•s Art 2006 In our oplnlon, based on the work undertaken in the course of the audit: the inforrnation 8iven in the Trustees, report. which Includes the Dlrertors, report prepared for company law purposes, for the financial year for whlch the financlal siatements are prepared bs conslstent wlth the financlal statements; and the Director< report included within the Trustees, report has been prepared in accordance wlth appllcable le8al requirements.
Croydon Youth Zone Pag¢ 13 Independent Audltor's Report to the Members (contlnued) For the year ended 31 March 2025 Matters on whldb we are requlred to report by excepilon In the Iltht of the knowledge and understandlnB of the tharltsble company and Its envlronment obtalned In the course of the audit. we have not Identlfled materlal mlsstatements In the Trusteeg report. We have nothlng to report In respect of ihe followlni matters where the Companles Art 2006 requlres us to report to you If, In our oplnlon., adequate accountlng records have not been kept. or the financlal ststements are not In agreement wlth the accounting records and retums; or certaln di5c105ures of Trustees, rernuneratlon speclfled by law are not made; or we have not recelved all the Inforrnation and explanations we requlre for our audl(' or the Trustee5' were not entltled to prepare the flnancial statemenls in accordance wfth the small ¢ompanles re8lme and tske advanta8e of the small companles, exemptlons In prep•rln8 the Trustee< report and from the requlrement to prep•re a strate8lc report. Responslbllttle$ olTNrt••s A5 explalned more fvlly In the Statement of Trustees, Re5ponslbllltles Set out on y¢e 10, the Trustees (who are also the Dlreclors of the Charltable Company for the purposes of company lawl are responslble for the preparallon of the financlal statements and for beln8 Satlsfied that they give a true and falr vlew, and for such Internal ¢ontrol as the Trustees determlne Is necessary to enable the preparatlon of flnanclal statements that ar¢ free from materlal m1s5tatement. whether due to fraud or error. In preparfn8 the financlal staternents. the Trustees are re5PQDSlble for •ssessln8 the charltable Compan¢s ablllty to contlnue as a golng concern, disclosln& as appllcoble, matters related to goln8 concem and usln8 the goln8 Concern ba51$ of accountlng unless the Trustees elther Intend to Ilquldale the charltable comnY or to cease operatlons, or have no reallstlc alternatl¥e but to do $0. Aydltorfs responslbllltles for th• audli ol the fln•nd•l ¥tat•m•nts Our obJertive5 are to obtalD weasonable aurance about whether the flnanclal statements as • whole are free from materlal misstatement, whether due to fraud or error, and to issue an auditorfs report that Includes our opinlon. Reasonable assurance Is a high level of a55urance, but is not a euarantee that an audlt conducted In accordance with ISAS IUKI will always detert materlal mlsstatement when It exlsts. Mlsstatemenis Can arlse from traud or error and are consldered materlal If. Indbvldually or In the a8gre8ate, they could reasonably be expected to Influence the economic dec15ions of users taken on the basls of these financlal statements. Irr•gulritles, Includlni fraud, are Instances of non<ompll•nee wlth lw$ and re8ulatlons. We desl8n procedures In Ilne wlth our respon51bllitle5. Outllned ¥bove, to delert materlal mlsstatements In respert of Irregularltles, Includlng fraud. The extent to which our procedures are upable of detectln8 Srregularltles, Including fraud Is detailed below: Id•ntlfylrq •nd potentlal rfiks rel•ted to Irr•wl•rhleJ In Identlfylng and assesslng rlsks of materlal mlsstatement In re5pert of Irregularltie5 including fraud and nOnoMplI0nCe with laws and regulatlons we have consldered the following: The nature of the Industry and sector, control envlronment and buslness performance Includlng the Charit•ble Cornpany'$ remuneratlon pollcles, key drlvers for remuneration and perlormance targets,. Results of the enquiries of management about thelr own identlfication and assessment of the risks of irregularitie5; Any matters we have identlfled havlng obtalnod and revlewed the company's documenlatlon of thelr polldes and procedures relating to: Identlfyln& evaluatln8 and complySn8 Wlth laws and regulations and whether they were aware of any instances of noncompllance- detecting and respondln8 to ihe rlsks of fraud and whether they have knowled8e of any actual, susperted or alleged fraud; the internal controls e5tsblished to rnitigate ri5k5 of fraud or nonOmplian¢e wlth laws and regulations: the matters dlscussed arnong the audlt engagement team regardlng how and where fraud ml8ht o¢¢ur In the finan¢ial ststements and any potentlal Indicators of fraud.
Croydon Youth Zone Page 14 Independent Audltor's Report to the Members (contlnued) For the year ended 31 Marth 2025 As a result of these procedures. we consldered the opportunltles and Incentlves that may exlst wlthln the or8anlsatlon for fraud nd identified the greatest potential for fraud In the followln8 areas: revenue reco8nition. In common with all audits under ISAS IUK), we ar• also requlred to perform speclfic procedure5 to respond to the risk of mana8ement overrlde. We also obtslned an understanding of the legal and regulatory frameworks that the Chafltable Company operates in. focusing on provlsion5 of those laws and regulatlons that had a dlrert effect on the determinatlon of material arnounts and disclosurès in the financlal statements. The key law5 and re8ulatlons we ¢on$ldered in this context included UK Companies Act, Charitles Act. Health and Safety and Environmental Regulations. In addltlon, we consldered provlslons of other laws and relvlatlons that do not have 4 dlrert effert on the flnanclal statements but compliance wlth whlch may be fundamental to the companvs ability to operate or to avoid a rnaterSal penalty. Audlt r•spoM• to rfths Idontlft•d Our procedures to respond to risks Identified Included the followln8,' revlewln8 the flnanclal statement dlsc105ures and testln8 to supportln8 documentatlon to assess compllance wlth provlslons of relevant laws and reiulatlons descrlbed a5 havlng a dlrect effecl on the fin¥nEl•l statements; enquirlng of management concemin8 actual and potentlal Iltlgatlon and dalms; performlnB analytlcal procedures to Identlfy any unusual or unexperted relatlonshlps that miy Indlcate rlsk5 of m*terl•l rnIs5tatement due to fr•ud; readln8 mlnutes of meelln8s of those ¢hèr8ed wlth 8overnance and revlewln8 correspondence w6th HMRC; and In addresslng the rlsk of fraud through management overrlde of controls. testlng the approprlateness of IDurnal entrles and other adjustments: assessin8 whether the ludBements made In makin8 a¢¢ountin8 estlmates are Indlcatlve of potential blas.. and evaluatin8 the buslness rntionale of any sl8nfflcant transactlons that are unusual or outslde ihe normal course of buslness. We also communlcated relevant identified laws and re8ulatlons and potential fraud risks to all en8a8ernent team membe Includln8 Internal speclallsts. and rtmalned alert to Iny Indicatlons of fraud or nonvcompllance wlth laws and re8ulatlons thfOU8hout the audlt. No Instances of material non-compllance were Identffied. However, the Ilkellhood of detectln8 Irreaularltles, Includlni fraud, Is Ilmlted by the Inherent dlfflculty In detectln8 IrreBularltles, the effertlveness of the enilty's ¢¢ntrols, and the nature, tlmln8 and extent of the audlt procedures performed. Irregularltles that result from fraud mleht be Inherently more dlfflcult to detect than Irre8ularltles that result from error. A5 explalned above, there Is an unavoldable rlsk that material mlsstatements may not be deterted, even though the audlt has been planned and performed In accordance wlth ISA5 {UKI. A fvrther deserlptlon of our fesponsibilities tor the audit of the financlal statements is located on the Flnanclal Reportlni Council's webslte at: https.11.1rc.or1.ukladltQr5re5Pon5ib1lltles. Thls descrlptlon fomis part of our auditorfs report. Use ol our report This report is made solely to the char5table Cornpany's members. as a body. In accordance wlth Chapter 3 of Part 16 of the Companle5 Art 2006. Our audlt work has been undertaken so that we ml8ht state to the charltable Company's Members those matters we a requlred to state to them In an audltorfs report and for no other purpose. To the fullest extent perrnitted bv law. we do not accept or assume responslblllty to anyone other than the Ch•ritable Company and the tharltable Companrfs members as a body, for our audlt work, for thls report, or for the opinlons we have formed. MolaL 100 Barblrolll Square Manchester Mlchael Garrett (Senlor Statutory Audltorl For and on behalf of Xeinadln Audlt Umlted M2 3BD Statutory Audltors and Chartered Accountants Date: 23 December 2025
Croydon Youth Zone Page IS ststement of Financlal Artlvltles (In¢ludln8 Income & Expendire Account) For the year ended 31 March 2025 2025 2025 Unreslrf¢t¢d Restrlcted 2025 TOTAL 2024 TOTAL Note INCOME AND ENDOWMENT5 FROM.. Oonatlons 681.1x9 14l699 823.ni 1,200,203 Charftable activities 2015> 3,080 207,933 179.037 InVestnt Inron 8ank Interest 4,905 4,905 320 otherIOrne Otherlncome iO,U8 11202 15.227 Tot•1 In¢om• 900.985 116.843 IA147MZI 1,394.787 EXPENDITURE Expendltum on ¢harft•ble artlvltles Operatlng costs 13JO,550 338,638 I77.189 1.639.890 Tot•1 •Mp•nd1rn 1.238.550 J38.638 I77.19 1,639,890 Nel Incorne lexp¢ndlture) 1337.565) 1191,795) 1529.361) 1245,1031 Fund bal4nce brought forward 1.091M60 5.653.106 I.75166 6,996,669 Transfer between funds 15A41 {.341) Fund b•l•nu ¢rf•d forw•Yd 15 776.136 5.445.969 6221.205 6,751,566
Croydon Youth Zone Page 16 Balance Sheet Fortho year ended 31 Marth 2025 Cornpany no . 10405820 Charlty no . 1173107 Not• ZOZS 2024 Flx•d •ss•ts Tangible assets li 5.747A18 5.911.945 curre assets Debtofs Cash at bink •nd In h•nd I3931 476,807 39.021 932.533 716.339 971.554 Credltors: amounts h111 du• wlthln on• y••r 1241,9521 1131,9331 Nel rTeTht Msets 474,387 839,621 Nel assets 6.222.205 6,751,566 FUNDS UThvestrlcted fvnds Generalfvnds 15 6236 1,098,460 Restslrted fund5 15 SA4569 5,653,106 6,222.205 6,751.566 Thè Flnanclal Statements on pages 15 to 26 were approved and authorlsed for Issue by the Board of Trustees and $18ned on Its behalf bv: 5 Culpeper Chalrn)an: Company Dlrertor and TNstee Lelacy Youth Zom In Croydon Date: 2311V2025
Croydon Youth Zone Page 17 Statement of Cash Flows For the year ended 31 March 20Z5 202S 2024 Cash flow from operatln8 artlvltles 1456W61 1114,5621 C•ih Ilow from Invertlni acthililei Interest recelved Payments to acqu tangible red assels 4.905 13.785) 320 ID•¢Y••s•) In¢re•se In ush and cash equlvalents (455,7261 1114,242) C•sh and cash equl¥•lents •t l Aprll 2024 932.53J 1,046,775 Cash and ¢a$h •qufvalents at JI Marth 2025 476A07 932.533 Cash and $h equlvalents conslsts of: Cash at bank and In hand 476.807 932.533 R•GoKlll•tlon of n•t Income to net c•th flow Irom op•r•Uni athltl 2025 2024 Net lexpendlture) Income for the year Depreciation Investment Income Decrease / Ilncrea5el In debtors Increase I Ideerease) In credltors (529,361) 1245,1031 167.912 179.618 14,9051 1320) 121JO.SII) 19.6361 I1019 139,1211 Net cash flaw from operatln8 artlvbtles (456W61 1114.5621
Croydon Youth Zone Page 18 Notes to the Flnancial Statements For the year ended 31 March 2025 General InfornMtlon Croydon Youth Zone ts a charltsble company Ilmlted by 8uafantee In the United Kin8dom. In the event of the charlty belng wound up, the Ilablllty In respert of the 8uarantee is Ilmlted to ÉIO per Member of ihe charty. The address of the reglstered office Is 8iven In the ¢harlty inforniation on pale 8 of these flnanclal statements. The nature of the Charity's operatlons and prlnclpal actlvltles are to build, dellver and sustain a network of youth zones. The Charity constilutes a publ1¢ benefit entlty as deflned by FRS 102. The financlal ststements have been prepared In •ccordance wlth Accountlng and Reportlng by Charltles: Statement of Recommended Practlce applicable to charltles preparln thelr accounts In accordance wlth th¢ Flnanclal Reportln8 Standards appllcable In the UK and Republlc of Ireland IFRS 1021 Issued In October 2019. the Charilles Act 2011 and UK Generdlly Accepted Prathce as St applles from l January 2019. Account1 polld•• 1. 8•91s ol pr¢p•ratlon The Flnanclal Statements are prepared on a goSn8 tt+ncern bas1$ under the hlstorScal cost conventlon. The Flnanclal St•tem¢nts are prepared In sterlln¢ whlch Is the tunrtlonal currency of the Charlty. The sI8nlfint ae¢ountln8 poll¢les •pplled In th• pr•parallon of these Flnanclal Ststements are set out below. These policles have been conslstently applled to all years presented unless otherwlse stated. IL Fund$ Unre5trlcted fund5 Ire avallable for use at the dlscretlon of the Trustees In further•nce of the 8eneral ob5ertbve5 of the ch•rlty and whlch have not been de51gnaied for other purposes. Desl8nated funds comprlse unreslrlcted funds that have been set a51de by the Tru5tee5 for partlcular purposes. Restrlcted funds are funds whlch are to be used In accordance wlth specffl¢ restrlctlons Imposed by donors or whlch have been ra15ed by the eh•rlty for partlcular purposes. The cost of raSsln8 and admlnlsterlng such funds are charied aialnst the speclflc fvnd. The alm and use of each restricted fund Is set out In the note5 lo the Flnanclal Ststements. IIL Income reColtIOn AII Incorne Is Included In the Statement of Flnanclal Actlvltles (SOFA) when the charlty Is le8411y entltled to the Income after any performance condltlons have been met, the •mount can be measured rellably and It Is probable that the Income wlll be reeelved. For donatlons to be recognlsed the Charlty wlll have b••n notlfled of th* amounts •nd the settlement dite In wrftlni. If there Ire condition5 att•ched to the donatlon and this requires a level of perfomiance before entitlement can be obtained then Income Is deferred untll those condltlon5 are fulty met or the fulfilment of those conditions15 Within the control of the Charlty and It Is probable that they will be fvlfilled. Iv. Govemm•rt Thts Government 8rants are recognlsed on the accrual model and are measured at talr value of the asset recelvable. Grants are ¢la55ified as relating to either other income or to assets. Grants related to other In¢ome are reco8nlsed In the profit or1055 over the period In whlch the related costs are recognlsed. Grants relatlng to assets are reCnIsed over the expethd useful lite ol the •yJet. Where part of • grant relating to an asset 1$ deferred, It Is rKo8n5sed as deferred InMme.
Croydon Youth Zone Page 19 Notes to the Financial Ststement$ For the year ended 31 March 2025 Accountln8 polldos {Mntlnued} v. Expendlture Expenditure Is reco8nlsed on an accruals basls as a liablllty is Incurred. Charltableexpenditure Charltable expendlture comprises those costs Incurred by the charlty In the dellvery of Its actSvltles and ser¥lces. It Includes both costs that can be allocated dlrectly to such artivlties and those costs of an Indlrect nature necessary to support them. Governonce costs Govemance Costs Include those Costs •sso¢lated whh rneetI the n$tUtIOn•l and st•tutory requlrements of the charlty and Include ihe audlt fees and costs Ilnked to the strate8lc mana8ement of the charlty. All costs are allocated between the expendlture categorles of the Statement of Financlal Artl¥ltles on a basls deslgned to refflert the use of the resourcè. Costs rel¥tln8 to a partlcular actlvlty are •lIoted dlre¢tly, others are ipportloned on •n approprlate basls. vl. T•Ible flxed assets The total value of flxed a55ets held In the balance sheet reflect the Initlal plannlng and development costs of the asset under construrtlon. These balances hold some items where the value Is less than £250 as the purchase15 deemed to be necessary to brlng the proleLt into a fully operational p051tlon. Upon opening of the Youth Zone and In future perlods thereafter any purchase costlni less than £250 wlll be Included In the profit or loss at cost and any flxed asset costlni more than £250 wlll be capltalSsed and Included on tho balance sheet at cost. Flxed assets are depre¢lated so •$ to wrlte off the ¢ost or valuation, less •ntl¢lpated residual Value, over thelr lntlclpated useful Ilves, Subject lo annull revlew •$ follows: Leasehold property Computer equlprnent Flxtures & flttlngs Motor vehicles over the Ilfe of the lease 33% 5tral8ht Ilne 25% redu¢in8 balanc•125% $tr¥liht Ilne 20% 5tralght line vll. Debton and ¢rndftoN rn¢el¥ablalp•y•ble wlthln one year Debtors and credltors wlth no stated Interest rate and recefvable or payable wlthln one year are recorded at tr4nsirtlon prlce. Any10s5es arisini from impairment are recognised in expenditure, The entity On has baslc financlal Instruments. vlll. Tax The Charlty Is an exempt Charlty wlthln the meanln8 of sthedule 3 of the Charlties Art 2011 andls con51deTed to Pa55 the tests set out In Paragraph I Schedule 6 Finance Act 2010 and therefore 5t meets the definbtion of a charltable company for VK carporatlon tax purposes. IM. Goln8 ¢on¢ern The financial statements have been prepared on a golni concem basls as the Trustees belleve that no materlal uncertalntles exlst. The Trustees have considered the level of funds hèld and the expÈcted level of Ineorne and expendlture for 12 months from authorlsing these financial statements. The budgeted income and expendlture is sufficlent wlth the level of reserrfes for the Charityto beableto continue as a 8oine ¢on¢em.
Croydon Youth Zone Page 20 Note$ to the Flnanclal Statements For the year ended 31 March 2025 Acc4untln8 pollcles leontlnuedl x, Jud8ement and key sour¢es ol estlmakn uncertalnty The followin8 jud8ements (apart from those involvln8 estlmatesl have been made In the pr¢cess of 4pplylni the ¥b+)ve ccountlng polldes that have had the most slgnificant effert on amounts recolnlsed Sn the flnan¢lal statements: Detemilnin8 whether incorne from 8rants •nd ¢ontra¢ts should be classlfled as donatlons or ¢harit•ble •rtbvities income, based on the level of performance conditions and whether the Income Is ¥ payment for services or a voluntary 8ift. Assessln8 whether legary Income meets the crlterla for reco8nltion under SORP, particularly where probate has been gr4nied but the value and tlmln¥ remaln uncertaln. Judgln8 whether expendlture meets the definltlon of tharbtable actlvStle5 or support Costs. and the approprlate allocatSon of overhead5, The key assumptlons concernlng the future •nd other sources of estlmatlon uncertalnty that ¢ould result In materlal djustrnents to the ¢4rrylng value of assets and Ilabllltles wlthln the next flnan¢lal year Indude: Estlmatln8 the falr value of leq•ry Intorne recelvable where there Is uncertalnty over ihe value of the est•te, propertv valuatlon5 and settlem¢nt tlmlni. Oeiermlnln8 the useful economic llves of tangible fixed assets for depreciation purposes, particularly bulldin85 and IT equlpment. Estlmatlon of provlslons fof Potentlal le8al or ¢ontr•ctu•l Ilabllltles arlslni from Arant commltmént$, l•ase oblliatlons, Qr ernployment m•tters. Actuaflal assumptlons used In the valuatlon of deflned benefft penslon scheme IlabSlltles, Includln8 dI$Unt rates, Inflatlon and Ilfe expertancy. xl. Pemlons Conlrlbutlons to deflned contrlbutlon pl•ns •re rKo8nlsed as an expense In the perlod In whlch the related servl¢e Is provlded. Prepald contributions are recognlsed as an asset to the e)rtend that the prepayment will lead to a reductlon In future payments or a cash refund. Donatlon$ Unrestdrted Restrlcted 2025 TOTAL 2025 TOTAL 2024 Grants, trusts & foundations Lo¢al authorlty Founder patrons Corporate donatlons Communlty don4tlons Other patron5 Di8rtal donètlons 343.721 20,744 225,056 16.079 55.493 11,3Z4 8.672 19,708 29,923 433.429 50.667 225.056 39.147 55.493 11,324 8,672 827,074 291,500 31,328 18,360 17.5CKI 8,441 23,061 681.089 142.699 823.788 1,2(KI,203 In¢ome from tharlt•ble artMtI•s Unrestrlrted Restrlcled 2025 2025 TOTAL 2025 TOTAL 2024 OpwatSon of Youth Zone 201.853 207,933 179,037 204,853 207.933 179.037 Other Income Unrestrfcted Restrlded Z025 1025 TOTAL 2025 TOTAL 2024 Other Income 10.138 ii.zoz 15.227 10,138 11.Z02 15,227
Croydon Youth Zone Page 21 Notes to the Flnancial Statement$ For the year ended 31 March 2025 Expendlture on ¢h•vltable actl¥ltles Opemtlng costs Unrestrfrted Restrlcled TOTAL 2025 2025 2025 TOTAL 2024 Fundralslng costs Staff wages & salarles Staff travel expenses Recrultment & DBS checks (staff & volunteers) Staff tralnlng & weware Unrform Telephones Ilandllne. moblles & broadband) l.T. websSte & software ProfÈs$Sonal & n$InCY fees Ll¢en¢ts Other supplles & sundry costs Insurance Prlntln& postage & st•tlonery Hospltallty Marketlng & comms Recrultment 4dv•rts & r•sour¢es Audlt fees Onslde network donatlon nk ¢h•r8es Volunteer costs Utilitles Premlses costs Sessional consumables- all departrnents Café & caterinq Depreclatlon 3,956 J49,207 3,956 997,829 1,821 &790 81.105 935.311 2,772 1,781 9,089 1,673 8,325 15,666 34,603 19,481 3,301 30,908 1,964 1,536 8,280 1,536 8,280 11510 14,714 16,fK181 26.510 2alS 95 4.789 IIA108 8070 25.000 3.357 1,155 60.529 76,396 13,663 S?87 ii,sio 14.714 652 26.510 i.Jis 9S 4.789 11,008 8M70 25.000 3357 1,170 60.529 77,626 36A39 88,993 167,912 6,659 4.336 7,606 6,610 25,C0 2,151 798 67,784 75.320 38.060 86.619 179,618 15 1,230 IZ,776 167,912 1,238,550 338,638 1,577.189 1.639.890 Taxatlon Croydon Youth Zone Is a reglstered Charlty. All the company's Income Is applled to Its charitabl¢ oble¢lives and the Company is therefore exempt under current le8lslatlon from most forms of tax•tlon. Net In¢om¢ lemp¢ndl1•> 2025 2024 Net Income I movement In funds Is stated after charging: Depreel•tlon of tsn8lble fixed assets Audit fees 167.912 8M70 179.618 6,610
Croydon Youth Zone Page 22 Notes to the Financial Statements For the year ended 31 March 2025 Staff $ts and number* 2025 2024 Wages Soclal securlty Penstons 935,640 51,559 10.630 877,804 47,076 10,431 997,829 935.311 202S 14umber 2024 Number Average number of employee$ 73 73 The number of employees who recel¥ed total employee beneflts {èxcludln8 empli)yer penslon costs of more that £60,IXIO 5$ as follows.. 2025 2024 £60,001- £70,000 10 Trust•e remuneratlon •Thd expeThMs There were no Trustees, remuneration, benefits or expenses p•ld for the year ended 31 M•rch 2025, nor for the perlod ended 31 March 2024. 11 T•Ible fixed •is•ts Le4wlwld Computer Flthru a Propeity Equlpment Fllllnq$ Vehkles TOTAL C¢) At l Aprll 2024 Addltlons 6,160.144 95.505 3,785 363J02 16A30 6.835J81 3,705 At 31 March 2025 6360.144 99.290 363.302 16A30 6.839.166 Depved•tlon At l Aprll 2024 Charye for the year 576.308 127303 86.654 8.941 251.n4 28.48Z 8.700 3386 92JA36 167.912 At 31 Mar¢h 2025 70311 95,595 280,256 11,986 L091,348 Net book val At 31 Mar¢h 2025 5,656,6J3 3,695 4W 5.747.818 At 31 March 2024 5,783.836 8,851 111.528 7,730 5,911,945 2025 2024 Trade debtors Prepayments and accrued income Other debtors 226N65 13m7 18,407 15.478 5,136 239.532 39.021
Croydon Youth Zone Pa8e 23 Notes to the Flnancial Stalements For the year ended 31 March 2025 Credltors: amounts falllng due wlthln one year 2025 2024 Trade credltors Accruals and deferred incorne Other tsxes & soclal securlty Penslons control Net wages 13,7118 137.950 25Wi IJ6 62357 40,224 11.941 21,182 2,156 56,430 241,952 131,933 Penslons and other post-retlrnmeni beneffts Deflned centrSbutlon schemes Z02S 2024 Amount re¢¢8nl$ed •$ In expense In the perlod 10,6Jl 10,691 10.631 10.691 The Charlty operates a deflned contrlbutlofi penslon scheme for all quJllfylni ernployees. The assets of the scheme ère held separately from th05e of the CharSty In an Independently admSnlstered fund. 15 Mtw•m•nt In fvnds The movement In funds for the year Is as follows: Openln8 Balance Closln8 •alanc• Incorne Expend6ture Tr•nsfer Unrestrlcted funds General funds 1.098.460 900.985 11.238.550) 15.yll 776,236 Totsl unrestrlrted fvnds 1,098,460 900,985 11,238,550) 15,341 776,236 R•itrfrt•d fvndi Flxed A55et5 8aby20ne Burberry Croydon Counell - HAF Pro8r•mme (Hollday Club) Jack Petchey Foundatlon - Achievement Award Scheme Jack Petchey Intern5hlp Programme Pottery Club- Klln Prudence Trust Reedham Children's Trust Richer Sound5 Salnsbury Sensory Room Equlpment sony Muslc UFC Pioject Vlrldor Beddlngion Communlty Beneflt Wheelchair Basketball Wlnter Hollday Hunger 22123 Youn8 Londoners Fund 5,607,714 209 1865) 1167,9121 5A39AIOZ 1209) 865 33,003 8,100 {27,0031 16,3081 601 6.114 333 1333) 5,070 21,329 35,086 {4.823) 119,042) 146,8381 13.1071 121,4361 247 (l.S58) (5.8021 (3.107) 1.63Z 13,8431 5,950 23,068 12,383 21.685 617 15,(XlOI 7.860 {12.3831 6.477 10.626 128,1621 19,9251 (473) 5.000 17,860) 145 14,084) (511 si T¢)tal Testrirted funds 5.653.106 146.843 1338.638) 115.3411 5845.969 Total lund5 6,751,566 1.047.828 11,577,189) 6222205 Transfers between restrirted and unrestricted funds were made to align expenditure and incorne with the respective fund purposes.
Croydon Youth Zone Page 24 Notes to the Financial Statements For the year ended 31 March 2025 IS Mov•m•nt ITh fvnds Icontlnued) Restrfrted funds at 31 Marth 2025 ¢omprl$e ihe followln8: Lei•ry Reslrlct•d Funds Oescrlpllon Babone A grant to develop a free, walk-in mother and toddler group, breakln8 down barrlers for parents who rnay struule to access traditional provlslon. Burbefry Funding to cover core art programmes. £1SK per year and then sorne •ddltlon•l Income for volunteerln8 projects. Croydon Council- HAF programrne hollday club Fundlni to operate a Hollday Food & Fun dub for the youni people ellglble for free school meal& Jack Petchey Foundatlon- Achlevernent Award Scheme Have helped u5 to be8in to recognlse the ichlevernents of youn8 people at Le8a¢y slnce February 2020. Jack Petch•y Foundltlon - Internshlp Pro8r•mme I year part funded role from Jack Pelchey. We have a youth worker who lead on our Youth Volce and Enygement - thls fundlnz Is for I year and wlll end In March 2026. PotteryClub- Klln Thls Is a funded project, FlreUp4. The fundln8 allows us to dellver pottery dasses and actlvltles to youn8 people. They have Instslled klln and all the pottery equlpment we need. The fundlni COr5 stafflnl. Fundln8 for a yi)uth worker wlth a focus on mental health of young people. Fundlni to cover 4 tarieted school and cOrnmun engagement project for 3 years. The costs cover staffln8 who work dosely wlth schools and cornmunlty orlanlsatlons to help Identlfy and mana8e referrals of youn8 people who wouldn't Ilkely be able to access the youth service wlthout the support. pruden Trust Reedharn Chlldren's Trust Rlcher Sound5 Thls Is a fvnded prolect. Rlcher Sounds Foundatlon pro¥lde us £18K year whlch Is pald to Onslde and we then Involce Onslde. Th15 fundlng vers muslc art pro5ects. Salnsbury Thls fundln8 was for our foot and kltchen consumables. stafflnB and artivitie5. We had 2 instslrnents of nearly £12k. Sensory Room Equlpment A collaboratlve project wlth support recelved from Wooden Spoon, the Toy Trust and James Tudor Trust. which enabled us to equlp our Sensory room with the high quality resource5 to SUPPOrt youn8 people wlth addltional needs. Sony Music Funding for a Pan-London music pmgramme aimed at providing opportunltles for young people wlth muslcal ambltlons. UFC Project A programme to run mixed martlal arts for at rlsk young people. Expenditure was incurred In advance of the fundlng being received after the reportlng date whlch generated the defitit on the tund.
Croydon Youth Zone Page 25 Notes to the Flnan¢lal Statements For the year ended 31 March 2025 15 Movement In funds lwntlnued) Restrkted funds at 31 Mardb 202S comwtse the followlna {contlnued) . Lega¢y Restrlrted Funds Descrlp Vlrldor Beddlnmon Cemmunlty Beneflt Fundlni lor 4 fllrn project Pfomotln8 youn8 people. Th1$ fllm was wrltten and produced by young people. Expendbture was Incurred In advance of fundSn8 belnE reolved. Wheelchalr Basketball Fundln8 for wheelthalr$ and s¢affln8 to dellver wheelchalr b•$keib•ll sports to young people. Expendlture for wheelchèlrs was Incurred In advance of fundlng belng recelved. Staff costs calculated rnonthlv. Wlnter Hollday Hun8er 22123 Fundln8 from Onslde Youth Zones to provlde free meals durlnB the Wlnter perlod Dec 2023 - Feb 2024. Fundlng report completed and submitted to Onside who then release the funds. Youni Londoners Fund Fundln8 Le83ci's employablllty pro8ramme 'Empowered', supportlns young people at rlsk of excluslon. 50clal Isolatlon or crimlnal beha0r to flnd a lob, work experlence and apprentlceshlps throu8h targeted workshops.
Croydon Youth Zone Pa8e 26 Notes to the Financial Statements For the year ended 31 March 2025 Mtw¢rnent In fvnds (conilnuedl The movement In funds for the prior perlod Is as follows.. Openi Balance a051ng Balance Income Expendlture Transfef UnrestrScted funds 1,073,377 1.192,986 {1,167.903) 1471,987) 1.098,460 Restrlrted funds 5,923,292 201,801 5,653,106 Total TeslTkled fvnd$ 5,923,292 201,801 1471,987) 5,653,106 T•tsl fvnds 6,996,669 1.394,787 11,639.890) 6.751.566 16 Analysk of net assets between fund$ Total Junds 2024 fvnds 2025 fvnds 2025 fvnds 2025 fvnds Tan8lble flxed assets Net current assets Illabllltles) 5,747,818 1301.849) 5,747J18 474,387 5,911,945 839,621 776.236 776.236 SA45.969 6222,205 6,751,566 Unrestrlcted Deslqnated lunds fvnds 2024 2024 Restrlrted fvnds 2024 Totol funds 2024 Totol Funds 2023 Tin8lble fixed assets Net ¢urrent •$sets {IlabllltlÈsl 5,911.945 1258.839) S,911,94S 839,621 6.091,563 905,106 1.098.460 1.098,460 5.653.106 6.751.566 6.996.669 17 Related rtytfis•ttlOns Durln8 the year the charitable company received 8rants and donations whlch In total amounted 10 £24.417 from v4rlou5 Trustees of the charltable company. thelr a550clated Foundations or BusSnesses or from charities with a shared Trustee. No other Trustee Of Other personal related to the charltable company had any PeTnal Interest In any contract or transartlon entered Into by the charlty durlng the year. 18 Contrnl There15 no ultlmate controllln8 P•rtv.