Reglstered number: 10445685 Charlty number- 1173239 BARNET YOUTH ZONE (A company limited by guarantee) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 BARNET YOUTH ZONE {A ￿MpanY Ilmltgd by guarantoo) CONTENTS Page Raforonca and administratlve d8talls of the Charlty, fts Trustees and adv16er Chalmian's slatèm•nt Trustees. report Indgyndent auditorf¥ rgport on thg financlal stalomonts Statement ol flnanclal actfvitie5 4-11 12-15 16 Balancè shèet 17 Stat•m•nl of Cash fl¢)ws Notes to lh• flnanclal statements 19-34 BARNEf YOUTH ZONE IA eompany Ilmtt8d by guarantgo) REFERENCE AND ADMINISTRATIVE DETAJLS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2022 Trustees O Alabi (appointed 26 November 2020} J Mlen K Black F Byers (appointed 12 A￿1 2021) N Hammond J Lemer Lord J Mendalsohn K Mortey (appointed 26 November 20201 K Shah l Rapp {resigned 12 April 20211 G Malton (appointed 7 July 20211 Company regl$t¢r•d numbgr 10445685 Charlty roglsl•r numb&r 1173239 Registered offlce 76 Montrose Avenue Edgwa HA8 ODT 5ndopendent auditor CrowB U.K. LLP 3rd Floor The Lexicon Mount Street anchester M2 5NT Bankers Hande18banken Hygeia Building 66 College Road Harrow HA1 1BE Page 1 BARN￿ YOUTH ZONE {A wnpany Ilmlted by guarnnt•&l CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 31 MARCH 2022 The chaiman p￿sents his stslement lor the year. We began the year wth the UK just beginning to exit the third national COVID-19 lockdown and are etKllng it, thankfully, no legal restrickn'ons and much reduced guidance on what we can and cannot do 8s a Youth Zone. The pandemi¢ has been, for ug all as individu￿$ and for Unitas as an organisation, 8 difficurt joumey. not loasl because it has not been linear. The r&imposition of isolation fr)r close contacts at the end of 2021 in r&sponse to the rise of the Omicron variant: for instance. Teminded us all that. despite a relatively quiet surnmer a¢￿ autumn, the pandemic wa8 not over. But rt is fair to say that we enter the new finanoaal ygar reasonably confident that somèthing approad)ing nomiality has rèturned. Organisationdly, l am pleased to say that Unrtas has made significant strides this yeaT. We bagan it with an Interim Chief Executive, Phil Marsh, who was seoJnded lo us from Onside. I cannot thank Phil and Onside enoL5gh for thair support., Phil has been 3 youth woth8f for decxdes and brought much.needed rigour, energy and structure to Unitas. Over the summer we went ¢)Jt to advert for a permanent Chief Executive and after a thorough prO￿$S we appointed Robin Moss: who had just Spent almost a decade at a major national youth and education charity. Robin is also a lo(¥l residerrt and therefore Unitas. community is his cr>mmunity. Plis employment began in August with a month "on the roarf visib.ng tha other Onside youth zones before working with Phil Irom September onwards. Phil's Ser￿ndment wth Unitas ended in eady 2022., he will a￿ayS be a part of the Unitas sltsry. Very sadly, over the 2021 Play bank holhsay weekend. a young man was killed outside Unita5. Whilst neither nor his attackerwere members of Unitas, the physical location of Ihe assault and the en8uing police inv¢stigation meant that we had lo close Ihe youth zone for a few days. Our $taff also wÈrÈ fir8t on th6 scene and administered first aid. This was a traumatic experience for all involved lo)unselling was offered to the slaffj and reminded us all of the importance of safety, seujrity and proper staff training. It also highlighted the vital Importan￿ of Unila8. misson as part of broader 80(xety. The streets are not a￿lay5 safe for young peokle, and thè fact that this territAe act happ8ned in broad daylighl brings hom8 Iha value but also challenge of our v¥ork. The actiwlie5 of the youth zone, some of which are detsiled bdow, are inspiring. Every day the twilding throngs with life oyer a thousand young people a week (x)me through our doors. Every session there is so much on offer 8POrts, climbing, arts and crafts, pgrfoming arts, mu&c, ent&rprisa and employaknlity, mentoring. cooking, gardening and much more. The work io indLth young people with addits.onal needs t￿th a8 part of gur mainstream sessions and on the Sunday #￿MItIes5 SEND-only session5 - is paitic￿larIY important. And the regular diet of special events al tt)e youth zon¢ {every￿ing from themed nights to giant inflatables to youth boxing shows lo music and dance perf0mlan￿S and much mo￿) keeps the offer fresh inviting. On behalf tsf th& Trustees. l thank the staff Ipaid and voluntary) for th￿r dedication, creativity and hard work that truly gogs "above and beyond.. Vve were honoured to h¢Xt a viyit by Dame Rachel de Souza, thè Children's Commissioner for England, in January 2022, vtho made a point of highlighting the amazing I￿rk ¢k&ne by the staff. Our fundraising this year. whilst not as high as 2020r21 {when we benefited from the government's 'CDmmunity Match Challenge'l. was still impressive given the restricts'ons for many months On having donors visrft th8 building. In November 2021 we hekl two Patrons. Impa(a Receptions. our first I￿persOn fundraisers lor more than a year and a half. Unrtas receives no local or national govemment lunding and as such our donors are vital lo our ability to conltnue doing what we do. I cannot thank them enough for their generosty and support for Unitas, especially dunng 3 period when even visib.ng the building was al times impossit>le. As wa mature as an organi$alion, we are also seeking lo dThiersify our sources ol In￿Me to indude mor8 trusts and foundations, corporal¢s and an in¢reas¢d foojs on the local ¢ommunity. This will ensure that Unitas can continue lo thrive in sustainable way for the foreseeable fjjture. Finalty, in April 2022 liust after the end Df this financial yearl, our He￿ of Fundraising and Communicab'ons Kayleigh McDougall left Unitas to take up 3 senior rolè elsewhere., we wish her the very besL Unitas, impad, less than three years after owing, is already evident. Young p￿pIe who come to Unitas report increased confiden￿, resilience and higher aspirations for t￿r fLrtUTes. They feel healthier and mako more friends. They understand the importance of safe and p05rfllve relth"on5hips and h8ve gre8lÈr lo18rance for Page 2 BARNET YOUTH ZONE {A company Ilmlted by guarantee) CHAIRMAN'S STATEMENT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2022 difference. And most of all, they feel that they have someone lo talk to when times are tough. Youth work is transformative for many young people and Unitas has rapidly become a major source of support for many hundieds of young people who olheTwise would really struggle. The media's Coverage ol young people is often fr8med negatively - the problems they bring or the challenges they face. At Unitas, we see young people as having infinite potential. It is our job to facilitate a space where they can truly flourish. So muctt else ol what the Unitas team doe5 is les5 visible bul no les5 important. From keeping the building clean and in excellent condition, tts ensuring full compliance with relevant regulation, to operating a smooth and effective finance syslem. to providing high-quality training opportunities for our staff. lo ensuring our social media presence is regular. youlh-focused and responsive, lo a hundred other aspects of daily life al Unitas, these are what keeps the organisali(>n licking along As we enter 2022123, 1 am confident that Unitas can not only gel back to where it was beforè th& pandemic bLJt reach èven greater heights. Finally, I want lo Ih8nk my Board of Tru51ees for their hard work. engagement and oversight. They give of their lime freel and they e that governan Unitas is lu¢ky to have their talents at its disposal and I am enormo y appreciativ Keith Black Chair, Company Director and Trustee Date.. 22 loeK I Z Page 3 BARNET YOUTH ZONE IA company Ilmlted by guararrtepl TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2022 The Tru8te8s pras8nt8d th￿r report with the financial statements of the charity for the ygaT ended 31 March 2022. The Trustees have adopted the PTowsions of Ac£ounbng and Reporting by Charities.. Statement ol Recommended Practice applicable to charitie5 and preparing their accounts in aco)rdance with the Finanrial Reporting Sts¥￿ard applicable in the UK and Republi¢ of Ireland (FRS 1021 leffective 1 January 20191. AIMS AND ACTIVITIES Oblectlves and alm Unitas Youth Zone is a youth charity, based in Bumt Oak in the London Borough of BameL whose vision is to unite young people to help them lulfil their t)olertbal. Based at a ststwf-the-art facility and staffed by a large and iverse team of youth workers, we offer 20+ 8i*wties every day of th8 we&k. We are a universal provision, open to all young people from the ages of &19 land up lo 25 for young people with additional nèèds), ftjnded primari throu9h philanthrowc gifts from g￿erouS indmdual donors and piivate-sector companies. Financial acceBsibility is at the heart ol what we do- membership for 8 year is £5, entranc¥ each ses$ion Iwrth acce55 to als adivitiès included in that) is 50p and a d￿l￿o￿s, nLrtritious hot meal is £1. Young people who cannot affi)rd these costs are provlded with them for free. A registsrBd charity, we opgnsd in June 2019. We are part of Ihe Onside netr￿rk of youth zone8. Whilst all independent organisations. th8 ne￿ork brings us together through a shared "DNA" and mutual support. Onside has been building 21st Century youth facilthes acro88 the UK f¢r over 8 dgeado, based upon the hugo1y- SUC￿sS￿l Bolton Lads and Girfs Club model- an organisation established 125 years ago. We provide young people with "somewhere to go, something lo do and someone lo talk to.. We are indebted lo Barnel Counal and our original capitsl ftJrKlers for prowding us our amazing building. and our Founder Patrons and other donors who contribute èach year to our running costs. Stewardship of these donors is a major activity of our fundraising team, to ensure that they feel engaged in life of ts yotjth zona and hopefully will continue to give. W8 deliver a r8ngè of exerting athvity basad programmes 1hat challenge, stimulate, and provide new opportunities for young people. Our facAlities indude a dedicated arts spacè. a dimbing wall, a gym and filnes5 suite, a recreation spa￿. a boxing Studio. a sensory r(x)m, a wellbeing room, an enterprise and employability room, a rooftop ovtdoor 4G pitch, a fvll-sized sports hall. a perfoming arts studio, a calé, a training kilch•n, as wèll as musie, recording studio and multimedia spaces. Young people of all ages are able lo ¢ontribule to the future of the youth zone via our United YoLth' groups. and ywng peo￿8 over 16 Can train as a °Young Leaderf, and volunteer as leaders on OLEr Junior (6-12 year olds) sessions. We arÈ staffèd by 8 mixtum ot paid employees and volunteers. At any one time, our total workforce is over 100, making us a significant local employer. In 2021122, we reathed a $1gnTfieanl mlloslone." we appointed to a full- 'me position someone who had started thèir Unitasjoumey as a young p8rson. Unit8s is rèprasented in the key local and sectoral roundtables and organi5ation5, and aims lo be a positive force in the life of our local community We let kne building out on both 8 comm?i(ial and reduced-rate or free basis, depending on the group. We are prtsud that the Mayor of 8amet for 2021122, Cllr Alison Comelius, has indicated to Lfjs that we will be the beneficiary of her end-of-mayoraty fundraising event in mid-2022. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document Unitas is a company limited by guarantee %Mthout share caprfal arKI are registered und&r the Companies Act 1985, regislr21ion number 10445685. The oimpany is governed by rts Memoiandum and A￿deS of Association daled 25 October 2016. Management of the company is rÈstèd with thè eodir6Ctors, it is a charity and was registered wlh the Charty Commission on 1 June 2017. In the èv8nl ofwinding up, the ptesent members and those who have cea8wJ to be tnombersin the previous year Pagè4 BARNET YOUTH ZONE (A company limltod by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2022 will the guarantee the liabilities of the cnmpany onty up to 8 8um of £10 each. Rg¢rultment and appolntmant of trustees The first diroctors were subscribers to the Memorandum and notified to Compariies, House as the fir81 directors of thè charity. A person appointed as a director thereupon becomes a member of the tharity and directors who ceased to hold office for any reason, they cease to bè a member ol the tharity. Directors havg the power to appoint by ordinary r8solulion, any F￿[sOn to be a director who is willin9 ID act as such. N8w director8 will recruited acwrding to the need8 of the thariiy and suitatxlity of possible candidates and unanimous approval of exSsling di￿￿orS would lead to th8ir appointsnenL The Memorandum 8nd A￿cleS of a5sociatti)n slates that the number of members Idirec*orsl shall h8v& not be less than three. At the first Annual General Meeting all directors must retire aThJ seek re election. At each bsequenl Annual Gener81 Meeting, one third of the director5 are fequired to retire by rotation and Sgek rèappointment if they ￿$h to continue. Al the Annual General Meeting in 2021, one third of the current directors sought re-Èlection and all were r￿e1eded. Full detsils of the rules are contained in the ￿T￿PanIS Memorandum of Artides of Ass￿¥tion, dated the incorporation on 25 Oclober 2016 which may bo inspected at the unit as the regislereil office. Trust8es' Inductlon and tralnlng The induction of nèw Trustees may commence ahead of fom81 apwintment which is subject to the 58115faclory complets'on of the vetbng pro￿8¥. Potential ¢andidates are providéd with vaTIOUS Charity Commiss1tsn guidan Ilnduding Safeguarding, and the Essential Trustee guidance) and a copy of the Memorandum & Articles ol Associaticfft. Following appointment, new trustees are provided with 8 comprehensive induction to the Unitas Youth Zone Ihiough the provision of in house training. The inducb.on process also Indudès support from Onside. whcl have produced comprehensive guide for Tru$laes of youth zortes. New trustees also p8rticipate in comprehensive handover mèetings Mlh relevant members of staff. Organlsatlonal structure Unitas Youth Zone is govemed by Ihe trustee t)oard which is res￿￿￿ble for setb"TrJ the strategic direciitsn of the organisation and the policy of the thaiity. The trustees carry the ultimate responsibility for the ￿nduct of the organisation and for ensunng that the chanty satisfies its legal and contracbJal obligxlion8. Trustees meet formally six time3 8 year and may delegate the im￿ementation of the deusions and day lo ¢Y8y operations of the organisation to senior management Ot any ¢mployee ol the Charty, person or committee as they sèè fit. Any oJmfflittee musl include at least one truste&. The trustee board is independent from management. Deastons art dÈtemiined by a simple majority vote. In Ihe case of an equalty of votès th8 thaimian of the meettng has the casting vote. Ther& are CUTrently five 5ubr young people 8ddilional ne8ds {ag8 8-251 and their parenlslcarers. This 43 hciur a week core provision lover 2.000 hours a yearl is supplemented by extra daytime sessions during the 13 weeks a year of school holKlays - in 2021r22. this amounted to an extra 496 hours. Therefore Unitas, youth prowsion, ev￿ exduding some k)d(down-specrfic online PTogramming, running a food and dolhÉs bank for the local eommunity, offering our Spac￿ during the day at a redU￿d or no cost lo loc community groups and other fomis of d)aritablè activity. amounted to more than 2,500 hours during 2021122. (For comparison, most schools in Ihe UK are open for young peop￿ for doserto 1,500 hours a year.1 As reslri¢tiM$ lifted ovèr thÈ COLJrse of Ihè year, wè werè ablè to rèturn our provision back lo universal access- in other words, removing the caps on group sizes and the number of young people in the buildiro, removing the need to pre-Iy)Dk and not having to restn'ct entry to only those defined as children of key workers or olhÈrNis8 vulnerable. From summer 2021, with a few short excepb"ons. we were fvlly open and reThained so for the rest Dt thè finanei81 yÈ8r. During thè Omicfon wavè of thè pandemic in Dè(*mbèr 20211January 2022 we had many staff either off sid( or having to self-isC￿ due to b￿ng dose contacts but. due to careful inf&Gtion o)nlrol and monitoring of where young ￿￿pIe had been in the building. we were able to iemain well-enough staffed to stsy open throughout. We were proud lo Th)1 have to close for a ￿ngle day due to COVID-19 over the wnler. Attend8nces varied ovw th& yèar. Somètimès they vmre ￿$nStra1n8d by wvemment or National Youth Ager guidance and we saw reduced numbeTS in autumn 2021 as schools re-opened. By the end of the year, though, participation was Strong again regLslarty 751>1.000 visits a week {more during the school holidays). In totai, from 1 April 2021 to 31 M8r¢h 2022, 31.709 visrts were ie¢orded lo Unilas18nd average of more than 85 a dayl. Almost 3,000 young people gtsrted or renewèd their membership to Unitas in this p8riod too,. and 44% of our membership receive Free School Meals (this o)mpares to 14% of all young people in Bamell. Unita$' strategy 18 Page 6 BARNET YOUTH ZONE IA company Ilmlted by guarant8e) TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2022 to be reaching at least 4,000 Msits a month and more than 50,000 a year.. we are confident that in 2022123 we will ￿ach Ihls. As the year progressed, we were also able to host more exlemal visilr)rs. Highlights included the aforementioned visit of the Children's Commissioner for England in January 2021, a poignant ceremony on Mitsvah Day in November 2021 to ￿an1 three irees in our outside recreats.on area a5 Part of a Borough-wide ini1181ivg 10 rem8mb8r thos8 lives lost in the pandèmic {mom thaft a Ihousand in Barnet alone), a numbar of d818galions from local authorths auoss the UK kjoking to possibty set up I￿1r ¢)wn youth zones and the Mayor of Bamel, who visited one of our Sunday ￿￿rnIng sessions in November 2021. Our young people are a constant sourcè Df inspiration and pride. SintrA thè summèr, a group of s8v8n hav8 been leaming skiinglsnowboarding through the support of Onside and a charity called SnTrN Camp. They have been so enthusi8stl¢ about thi8 that they have taken the °Excel' course and are working towards qualifl¢atlon$ as skllsnowboard inslructgrs. We have other young pewe who have pr¢)duced films. three currently at Musl￿filM schools directly because ol their time spent at Unitas and othars wrsuin9 youth work qualifications so they can give back to young people what they have been fortunate enough through Unitas to themselves re￿]Ve. We now a180 have a number of sessional stsff who were themselves young peop￿ at Unilas. and a8 mentioned abova one full-time member ol staff. Unitas benefits, in #ddilion to paid employees. from volunteers. They play a range of role8 wlhin the youth zone from facilitiès and re￿ptIOn tr) working "on sèssitsn" with young people directly. Th8 numbar of volunteers declined during the pandemic but is beginning to rise again- by the end of the financial year, we had 11 regular volunteers who gave 245 hou(s a month (equivalent to £2:707 a month c*f saved wages), with another eight in the induction pr0ce38. We hope lo have over 30 by the end of 2022Q3. We have also inaugurated a "Volunte¥r of the Yearf award to recognise their 3chi•vèm8nts. For 2021, it was awardad jointly to Carol McNamara and Veisha Pindori8 we are enomiously grateful to both of them. and to all of our volunteers, for everything they contri1￿le to Unitas. Of ￿urSe. in addrtion lo these volunteers, all of c*ur Trustee5 are Yoluntsers, and thèy provtde untold hours of support to Unitas ontireiy freo of chargo. Unita8 has marked the key GU￿ural and religpjus festivals of the year and cx)ntinues to provide a safe Space for Èxploring young pèople's many idenlilies. Pride Week anLI Black History Month al80 provKlè opportunitiès for edu¢alion and celebration. Unrtas. membership is extremely dNefSQ - the￿ is no one ethnic group with even close lo a majority, and Black, Asian and Minority EthnTrc groups {sDmetimes called BAMEI rep￿sent 75%-80% of attendees. OUT staff is 31milarfy diverse. Cornpulsory unojnscious bias training was rolled out for all staff in 181è-20211o Ènsure awareness of potential prejudic* 15 raised_ FINANCIAL REVIEW Summary financlal rèvlÈw Financial perfom)ance in 2Q21122, in light of Ihe impact of Cowd 19. presented a challenging fLJndraising landscape at first but one that was overcome due lo the fact Ihe charity cc4ttinued lo remain agile, engage patrons and continues to dIVer￿fy income through new streams such as Trusts. Grdnts and Foundations and community fundr818ing. This Wa8 rÈfflected in thè financkal performan¢e of the Youth Zone with income falling to £1.312,318 and a deuease of 17% in unrestricted ￿serVeS from £1,880.556 to £1,559.213. A summary ot the income and expendibjre for the year ended 31 Mafch 2022 is as follows.. Page 7 BARN￿ YOUTh ZONE (A company Umlt8d by guaranteg) TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR EMDED 31 MARCH 2022 Unrestricted Reststed Total Funds Funds Funds 2021-22 2021-22 2021-22 To181 Funds 2020-21 Total Income Total Expenditure Net Incom81{Expenditure) Transfer between Funds Nel MJvement in Funds Total Funds CarrEd FoNard 1,218,714 1,540,057 321,343 93,604 1.312,318 2,Q89,775 149,834 1,689,891 1.339,899 56,230 377,573 749,876 321,343 56.230 - 377,573 749,876 1,559,213 6.065,367 7,624,580 8.QJ2.153 Funding for the ongoing operating rJ)sts of the Youth Zane is primarity derived from Founder Patrons who typically pledg& 3 or 4 years of funding and we communute wth this key pool ol donors on a regular basis to ensure they aro informed and engaged as to the impact of the Charity. Other wtenli81 supporters are regularly Sokjght and enoaged with and. along Grarts and Trusts. venue hi￿ and digital fundraising, a￿ income areas that will be develtsped ctrver thè coming ygar to Support the Charity to diversify its inry)me portfolio. Olh8r income is derived from young mèmbership fees, session fees and café sales whwe prKing Is aligned with the Onside Youth Zone Netsvorfo Agreemerrt lo ensure affordability ftsr yOLJng P8opI8. Investment powerts and poll¢y UnéÈr thè m8mDrandum and arb'des of association. the charitable company has the power lo make any investment which the Trustees see fil. Investments are madè wherè r￿Uired to further the aims and oty'octives of the Charity. As of 31 March 2022: the Charity does not currently hold any inve5tmenls olhei than ¢ash on dpp05il with Handelsbanken ￿c, though an Investment Poliry was passed by Trustees in January 2022 that will allow. probably by summer 2022, for part of the reserve to be invested lo goner*e a retum. Reserves pollcy In order to ensu￿ ￿ntInued sustainabilty, Unitas retains cash reserves. These 8rÈ held in bank accDunls- thè bulk1£1,638,903 as of 31 March 20221 in a revenue a¢xount and a smaller amount1£66,102 38 0131 March 20221 in a capital account. Combined, these provide MO￿ than a year's operating expenrti￿re. The Trusteés consid8r this morè than adequatè for th8 n8èds of th8 tharity and as such are looking to invest approximately half of this reserve to generate a relum and hence hdp prole¢t thè rè8eNè from inflation. The policy of the arity will remain, though, to hold six months. operating expendiiure in cash. Charity reserves are reF)Orted monthly to the Board through the Management Accoun15, and Trustees are carefvlly monttoring ino)me, expendrbjre and the level of unresth'o*ed wervÈs. At 31 st March 2022 the Charity had free reserves of £1,559.213 which provide 12.5 month5 cover ltsr co running costs. A prowrtion of funds raised from the private sector against the DGMS Community Match Challenge project was 'matched' in 2020121 are held wthin the unreslriet@d rèsèrves. There is an expectation that the Chanty will spend this within the next ffinanoal peTK)d. The free re8ervès figur& is after allowing for the d&signaled ￿nd of £150,000. A further $um of £6,065,367 (Induding the f￿ed assets) was carried forward 88 restrictod ￿serVeS lo be spent as spe¢ified by the donors. The total funds of the Charity at the year end werè £7,624,580. On this basis, the Trustèès are of the view that ttie Charity is a going Ix)ncem b¢¢ause rt continues lo be able lo meèt 118 o￿lgationS as they f811 due. Pago 8 BARNET YOUTH ZONE (A company Ilmited by guaranl•o) TRUSTEES. REPORT (CONTINUED} FOR THE YEAR ENDED 31 MARCH 2022 Golng concern There are a number possilAe challengès to Unitss. aEMlty to fx)nlinu8 as a 90in9 ￿nc&m, and the Tru8tee8 have carefully considered them all as part (trf overall risk management approach. On the income side, the iwo PriTnary Sou￿3 of ftjnds are donations from the publi¢ (especially major donors) and income derived from young petsple Imembèrship. èntrancè fè8s, café and tuck shop income etcl. The former is slgnificant larger- by a factor of ten- than the latter. The Trustees have ensured that all major donors are r9gularly ¢onta¢led. thal any decrease in their giving is flagged up as far in advance as possib18, and that all gift aid that can be daimed back on their donations is. Sen511ivty checks aro regularty run to see the effect ol losing any particular donor. No one ¢Jonor giv?$ more than 7% of our total ir￿rne and our Founder Patron ¢OTnmilmenl 18 over IhrÈe ye8rs, so we have p18nty of lea&in I'm6 in order to secure a renewal. We also a¢tiVoly se¢k new donors through expanding our existing netsyork, reaching out lo potential cc>rporate partners and increasingly running events. In tem5 of inu)mo from young people, this was hit hard by the pandemic but, a8 attendances ￿t0ver, so wll the intxjme. In tems of expenditure, all spending is signed off by the Chief Exeujtive {and, il ovèr £2,000, a Trusteel. A budget frarnework wa5 in place for 2021r22, and a more dthled budget agreed by Trustees in March 2022 for the 2022123 finall￿81 year. Monthly Management Accounts ensure that spending is on Ira¢k and if not. th8 relevant d8partment can be questioned about TL ContingerKy budge15 exi81 for unexpecteil expenditure. Payroll the largest single item of expenditu￿ by far- 18 Care￿Ity sCnJtin￿$Qd every month and new position5 are only ever added with the approval c>f the Chief Execubve. The Financ8 Commrttee also monitor8 8pending and hpkls the professional staff to account. Adequate insurance cover is also in place. VVhilBI il is never possible t¢ be certain of the fvtU￿, to date th¢ Tru$lees consKler that the stsps taken are sufficient lo dassify thè charty as a going concem and are confident in the Youth Zone'5 ability to meet ts obligations forthe coming financAal year. Prlnclp31 funding sour¢¢s land fundraising ststsmont} Unit8s is Irijly fortunat8 to have thè support of a group ol Founder Patrons. These are individuals and corporate partners who are wiling and able to give al least £25.(X)O a yÈar for thrèè ￿r9. Thès• provide the backbone of OUT fundraising campaign ar￿ our close ￿1￿.0n$hlp with them is key to our continued fundraising suc£ess. We also re￿1ve finafjcial support from some trusts and foundations {often lor specific piece of targeted workl. from local community groups who fU￿raiSe Dn our behaK and of individuals who give smaller amounts either regularty or through one-off giving. For a charty of Unitss. Size, our fundtaising tyJsl$ are low by industry standards and the'relurn on inveslmenf high", this ensures th* Unitas remains an attractiv& prospect for donors, Unitas Youth Zone seeks to adhere lo the o)des laid down by the Fundraising Regulator and h88 re￿iVed zero complaints regarding our practi￿8. We do not use 3rd party seNeos to suppurt our fundraising activty. We provide ongoing training and support for our fundraisers to ensure that individuals are engaged respÈctfiJlly and with inle9rty. We do not embaTk upon mass fvndrai5ing campaigns, cold calling or street based collections. PLANS FOR FUTURE PERIODS A5 the pandemic recedes (all being welt). Unitas. luture planning is focJJsed in ffive main areas.. Fundraising and Cornmunicalions we wll be slrengihening the3e hvo wtal fvn¢tions. We are currently out lo advert for a Head of Fundraising and our 8im is to tKJild a team and a fundraising strategy that can, in the medium term, raise £2m a yoar to fund our futu￿ expansion. We are investing in a Communications Officer role to bolster our sooal media presence and free up our CommunicalK)ns Manager's tine lo focus on supporting th& Fundraising team, on developing a r￿W web8ite and on other 8trategi¢2lly-important projects such as inc¥easing our building hire income stream 21 Targeted Proie&s we currentTy have three largeted projects {all externally-fundedl tt)al opèrat8 alongsid8 and complementing our core offer. These are.. a mentoring programme- a musi¢ and music production Page 9 BARN￿ YOUTH ZONE (A Company 11m1t￿ by guarant•g1 TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2022 one-INne 8UPPOrt programme,. and a 'CuNurÈ of Heatth" programm8 that aims tr) improve young people's health and welltreing. We have just received knnding lor a daylpottery programme to start in 3ulumn 2022. Wo will be seeking other similar programmes that are more spec4alist in nature bul that provlde even more opportunities for our members 31 Fèmal& PartlCiP81ion our Seniors lag8 13+1 attendances ar& skewed Gonsderabty towards those vtho identify as male. There are many potential causes 01 thi5 and the team are a¢tNely wort(ing Dn a range of inilialives to tackle them. As a universal prow5ion. our aspiration 15 for all young pei)ple trj feel comfortable coming to Unst88, and reaching 50% female attendan￿$ is our attn 41 Partnership Work and Satellite - Barnel and more Ixoadly North London is ble88Èd with a vibrant youth sector. Unitss is committed. Whe￿ approwTale. lo wortiny in partnership with the sector. both to bring Ihelr activilios and young people into Unitas and, rf for mutual benefft, to run joint activities and initiatives. As memb&rs of the Young Barnel Foundation, we seek to engage o)nstructively and creatively %*ith the local CDmmunity. We would al￿ in due course aim lo operate Unita8 programming in othèr sitès 8cross tha bomugh. A first slep currently being actively rx>nsidored Is to run some hdiday dub a(*wties in partnership wth a o)mmunity centre in tho east ol Barnel 5) Monitoring and Evaluation - although WÈ havè an Èx￿11ènf datsbaselCRM systèm and do monitoring and evaluab'on activity on Some projerts, we would lik8 to S1gnrfunt￿ expand the breadth. depth and frequency. Thi5 11 allow us to not only better quantfy out impact bul a150 plan ¢yJT provision and allocation of rasources in a more dats-led and Btrategic manner PUBLIC BENEFIT AND VOLUNTEERS. CONTRIBUTION Public Ben•fit I tho acti￿11¢$ of the Charity las summarised above) weTe undertaken to further its chaTitatrAe purposes for public benefit. The provision Df a high quality borough wde centre fac41ty for young people responds to a clear. on-going demand from young people. parents and wider cknmmunitiès for moré and better places for young people to g¢. Although pnviding a service to all young people, Unitas Youth Zone will focus on attendance and parti¢ipation by young members of disadvanlaged communthes who w711 be able lo enjoy affordable access to all the opportunities that the facilities wll wowde. This wll lead to irnproved achievements and enhan￿d 8$piraliM# 8mong$l young mémberg f)f the local Community. Thèy vthll bo happier, healthier and make more constructivè use of the leisurè time which consequenty will h81p reduce nuisance and anti soryal behaviour. Longer term pu￿1¢ benefits will indude improved heath, reduced crime, enhanced learning and ÈmplDyability and greater communty c4Jhesion. The Tw8tÈÈs havè complied with the duty in s8thon 17 oflhe Charities Act 2011 lo have due regard lo the publi benefit guidance published by the Charty Commission. Volunteers Throughout the period all m8mbers of th8 Board of Trustees have made invaluable Voluntary contribution5 to the Charity's work in terms of govemance, prOfe￿onal and business experien￿, financial planning, fundraising and leading iniliat'ves. Such contributions were. on average, equal lo one fvll day per calendar month. We also, as mentioned abDve, benefit enorrrousty from the support of other volunteers 55 well. TRUSTEES. RESPONSIBIUTIES IN RELATION TO FINANCIAL STATEMENTS The Trustees Iwho are a150 the DiTectots of Bamet Youth Zone ft)I the purpose of company lawl are responsible for prèparing thè Trustèès, Annual Report and th& finanaal statements in accordance with applicable law and United Kingdom Accounting Standards (United lQngdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare finan¢ial ststernents fr)r each finan(¥al ygar. which give a true and fair view of thè statè of affairs of th& d)aritablÈ company and of tha income and eXpendi￿re. of the charttable Page 10 BARNET YOUTH ZONE IA company limited by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2022 company for that period. In preparing these finanaal statements, the Trustees are required lo.. select suitable accounting policies and then apply them consislenlly. observe the methods and principles in the Charities SORP. make judgements and estimates that are reasonable and prudent. stste whether applicable UK Accounting Standards have been followed, subjecl to any rnalerial departures disclosed and explained in the linanaal statements. prèpare the financial statements on the going con¢Èrn basis unless it is inappropriate to presume that the charitable company will continue in business. The Trustees are responsible lor keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding thè assets of the charitable company 8nd hen¢e are taking reasonable steps for thè prèvention and detection of fraud and other STATEMENT AS TO DISCLOSURE TO OUR AUDITORS The Trustees confirm that so far as they are aware, there is no relevant audit information for which the Charity's auditors are unaware. The Trustees have taken all the steps that they ought lo have taken as Tru51ees In order lo make Ihernselves aware ol any ielevanl audit Information and lo establish that the Charity's auditors are Wa￿ of that information. AUDITORS Crowe U.K. LLP were appointed as auditors in the year. A resolution to reappoint Crowe U.K. LLP will be proposed al the Annual General Meeting. Apyvetr-_.b¥_ 22nd September 202 order members of the board of and signed on their behalf by.. Trustees on K Black Trustee Page11 BARNET YOUTH ZONE IA company Ilmhed by guarantee INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BARNET YOUTH ZONE Oplnlon WÈ have aud((Èd the financial statèmènts of Bamel Youth Zone Ithe 'charityl for thè year ended 31 Mafch 2022 which comprise the Slalemenl of financial actiwties. the batance sheet, the statement of cash fl¢)ws and tho related notes, induding a summary of significant a¢￿Unting poli￿e$. The financlal reporting fram8woth that has been applied in their preparab'on is appli￿ble law alld unit￿ KingJom Accounting Slandards, includiro Finanaal Raporting Standard 102 'The Finan￿al Reporbng Standard applicable in the UK and Republic of Ireland, (United Kingdom Generalty Accepted A￿unting Practsce). In ouropinion the financial statsmenls= give a Irue and faif wew of the stale of the charitable companls affairs as at 31 Mard) 2022 and of its incoming resour￿5 a￿1 apF￿lCatiOn of rg5r)ury￿5. indud1￿ rt5 incom6 and oxpenditure for the year then ènd8d', have been prO￿￿Y prepared in 8ccordane* with Uniled Kirydom G8n8rally A￿pted Accounting Practice,. and have been prepargd in 8c¢orurse ofth8 a¢JJit'. the information given in Ihe Trustees, rewrt induding the Strategic report for the finandal ygar for which the finsneial ststem&nts ar& prepared is c￿ls1Sterrt with Ihe finarrial stslements. the Trustees, ￿pOrt 8nd thè Strat•gic rèport have been prepared in accornlance wth applicable legal requirements. Matters on whl¢h we are r$quir￿ to r8port by exceptlon In the light trf our knowladge and undèrsianding of the charitable company atKI Its environment obtainecl in the course of the audit, we have not idenbfied material misstatements in the Trusleos, ￿pOrt including the Strategic r¢port. We have ngthing to report in res￿ of the follrymng Tnatters in rela￿On to whKh Companie8 Act 20￿ reqUI￿S us to rèp¢yt to you if, in our opinion. adequate accounting rets)rds have not been kopL or retums adequate for our audit hav8 not been received from branches not visited by us., or the finanoal slatenRnts are not in agreement with U)e ac(x)unb'ng reo)rds and returns,. or certain di$do$urès of TnJstÈès' r&muneration SFecified by law are not made,. or we have not recewed all the infomtsbon and èxplanations we reqtsire for our audit. Page 13 BARNET YOUTH ZONE IA CoM￿Y Ilmltèd by guarantsel INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BARNET YOUTH ZONE ICONTINUEDI Responslbllltles of t￿￿tee8 A8 explain￿ mor8 fully in the trustees, rasponsibilib6S Statement. the Trustees (who are also the directors of the charitable company for the purposes of company lawl are responsible for the prepaTrb"gn of th¢ finan¢ial statèments and for being satisfied th81 they give a true and fair vièw, and for such internal control as the Trustees detemiine is necessary to enable the preparatlon of finanaal statements that are free from material mi$stalement, whether due to fraud or error. In pr8paring th• financial statements, the TrusEees are responsible for assessing the charitable companls 8bility to continue as a going concem. disclosing. as applKable: matters related to going eon¢em and uslng the going concem ba8is of a￿untIng unless the Trustees either intend lo liquidate the d)arrt8bia company or to cease Qporalions, or hav? no realisti¢ allemative bul to do so. Audltofs r•sponslbllltl6s f¢r th• audlt of tho flnan¢lal stat•mont$ Our tsbie¢ttve$ are to obtain rèason8blè assuiancè a￿ut whèthèr th8 financial statements as a whole are free from material misstalemenl, whether due to fraud or error. and to ISSU8 an auditor's report that includes Dur opinion. Reasonable a55urancE is a high level of assuran￿. but is not a guarantee that an 8udV( conducied in accordance with ISAB IUKI wll always deleGt a material mi5Stalemenl when rt exists. Misstatements can arise from Iraud or error and are considered material rf. irKlividually or in the aggregate, they could reasonably be 8xpect8d to influ8nce the economic dec4sions of users taken on the basis ofthese finanThal statements, Irregularities, induding fraud, are instances of non-ojmpliance with laws and regulations. We design procedures in line with our responsibilities. ouuined above, lo detect material misstatements in reype¢t of irregulariti8s, induding fraud. The extent lo whi(* our procedures are capable of dete¢bng irregularities. induding fraud is detailÈd bèlow.. We identified and asyessed the risks of materi81 mi551atement of the finanaal st*ments from irr8gularities, whether due to fraud or error. and discussed these between our au¢Jil team members. We then designed and pèrfomied audit procedures responsive lo those risks. induding obtaining audit ewdence suffirjent and appropriate to provide a bass for our opinion. We obtained an understanding of the legal and regulatory frameworks within which the company operates, focusing on those laws an¢J regulabons that have a ¢Jireci effe¢i on the detemiination of material amounts and disclosures in the financial statements. The laws and regulations we cYJnsidered in this context were the Cornpanies Act 2006, Charities Aet 2011 artd Èmpbyment tsx legislation. AudrfLing stsndards limit the required audit Procedures to identify nOn￿mplIance %*ith these laws and regulation$ to &nqLJiry ol the Directors and other management and inspection of regulatory and legal corre5ponden¢e. if any. We identified the greatest risk of material impact on the finanual stalemÈnts from irrègularitiés, induding fmud, to be the 0￿rrIde of ctsnlmls by management and completeness of income. Our audit procedures to respond lo these nsk5 included enquiries of management abwt their own identification and assessment of the risks Ctrf irregularities, sample testing on the posting ol journals and rewewng acwunling estimate8 for biases. Our au¢Jit approach foT InMme was to being our tèyling from souwe do¢umÈntati()n $uth as grant agreements, the membership database and session attendanc* wislers. Owing lo the inherent limitati￿$ of an audrt. there is an unavoKlable risk that we may not have delectsd some material misslalemenls in the financi¥l sialements. even though we have properly planned and p¢rfomed our audit in a(Lordan￿ wtth audrting standards. Wè are not respon%ble for prèvènting non-compliance and cannot be expect￿1 lo nowomplwn¢e wrth all laws and regulations. A fvrther descrip￿On of our re8ponsibil￿.e8 for the audrt of the finanfial statemen1$ is located on the Financial Page 14 BARNgf YOUTH ZONE IA company Ilmttad by guarant80) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BARNET YOUTH ZONE {CONTINUED} Reporb'ng Council'5 website al.. v4wN.frc. auditDl8 report. .uklaudrtorsres on8ibiliti8s. This description torm8 part (>f our Us8 ofour rnport This report is made s￿erY to the charitablè wmpangs members, as a body. in accordance Chapter 3 of Part 16 of the Companies Act 2008. Our audit work has been undertaken so that we might Stale to the ¢haritable companls Tnembers those matters we are required to stale to them in an auditof$ report and lor no other purpose. To the fullest extent perrniited by law. we do not a¢>xpt or assume responsibility to anyone other than the charitable c4Jmpany and rtg members, as a body. for our 8udit work, fr>r this report, or for the opinions wg have formed. Vlcky Szulist Isenlor ststutory audltor) for and on beha￿ ol Crowe U.K. LLP Statutory Audit 3rd Floor The Lexicon Mount Street Manchester M2 SNT D8te.. 4th October 2022 Pago1S BARNET YOUTH ZONE (A company Ilrnlted by guarantee) STATEMENT OF FINANCIAL AcTIV￿lEs IINCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 MARCH 2022 Unr•stri¢t•d funds 2022 RoStrf¢t•d funds 2022 Total funds 2022 Tolal fvnds 2021 Notg Income from.. Donations and lega(#e8 Charitable activities Olhgr Imding activitie5 Investments Other inc¢me 1,124.547 43.081 93,6Q4 131B,151 43,081 565 835 49,686 1,931,496 6,823 308 270 835 49,686 150,878 Total Income 1,218.714 93,604 1,312,318 2,089, 775 Expendlture on: R8i&rKJ funds Charitable actiwli6s 10 11,262 1,528,795 11,2fj2 1.678,629 2,933 1.336,966 149,834 Total expendlture 1.540,057 149.834 1.889,891 1,339,899 Nèt movemont in funds {321,3431 156,230} 13TI,5731 749,816 Reconclliation of funds: Total funds brought forward Nel movement in funds 1,880.556 1321,3431 6.121.597 156,2301 8,002.153 1377.5731 7,252,277 T49,8T6 Total funds carrfed forward 1,559,213 6,065,367 7,624,580 8,002, 153 The Statement of finanoal a(*vities include5 all gains and lo&%s rewgnised in the year. The note5 on pages 19 10 34 form part of these financaal statements. Page 16 BARNET YOUTH ZONE IA company limited by guarantee) REGISTERED NUMBER.. 10445685 BALANCE SHEET AS AT 31 MARCH 2022 2022 2027 Note Fixed assets Tangible assets 16 5,984,108 6, 142,573 5,984.108 6, 142,513 Current assets Debtors Cash at bank and in hand 17 120,520 1,705,125 T6,532 1,995,893 1,825,645 2.075,425 Creditors.. amounts falling due within one ye8r 18 1185,1731 (215,785) Net current assets 1,640,472 1.859,640 Total assets less current liabilities 7,624.580 8,OQ2, 753 Nèt assets &xcludlng pension asset 7,624,580 8,002, 153 Total net as$et$ 7,624,580 8,002, 153 Charity funds Reslricled funds 6,065,367 1,559,213 6, 127,597 1,880,556 Unrestricted funds Total funds 7,624,580 8,002, 153 The Trustees acknowledge their responsibilities lor complying wlh the requI￿M&nts of the Act with respect lo accounting records and preparation of financial slalements. The financial 22nd Septem statements were _app ved and authorised for issue by the Trustees and signed on their behalf by.. on K Black Chair The notes on pages 19 to 34 form part of these financial slalemenls. Page 17 BARNET YOUTH ZONE (A ￿mpanY Ilmlled by guarnntee) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 ￿CH 2022 2022 2027 Note Cash ftows from oper8ting a¢tivttles Nel cash used in operat'ng acb'vitie5 21 1228,9401 959,277 Cash flows from Inv8sllng actlvlll8s Dividends, interests and rents from investments Purch8sa of tangible ffixed assets 835 270 {67,6631 (1fj2,616J Net cash used In Inv•stlng a¢tfvMh$ 166.8281 1162,3461 Cash flows from finan¢lng a¢tlvltl¢s Net cash provlded by flnanclng activities Change In cash and cash equlvalents In the year Cash and cash equivalents at the beginning of the year (293.7681 1,998,893 7￿,931 1,201,g62 Cash and cash equiv•l$nts at th• end of th• y•ar 1.705,125 1,998,893 The notes on pages 19 to 34 fom part of these finanoal st*ments Page 18 BARN￿ YOUTH ZONE IA company Ilmlt8d by 9uarnnt￿) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 General Information Bamet Ycothh Zone is a charitable company limtted by guarantee, ino)rporated in England and Wales. The registered address can be found on the Referen￿ and Admin5tratNe Inlorm8ts¢n page. Accountlng pollcles 2.1 Basls of preparn￿On of ftnanelal $L￿ments The finanaal stslements have been preparetl in accorda￿ wth Ihe Charitie8 SORP IFRS 1021- Accounting and Repgrbng by Chartb&s". Stslement ol R¢¢omm¢nded Pra¢11￿ applicable to (*aritie8 preparing their accounts in aCC4)rdan￿ with the FinancAal Reporting Standard applicab￿ in tho UK and Republic of Irèland IFRS 1021 leffe¢b"vè l January 20191, thè Finanei81 R8portSng Standard appll¢able in the UK and RepuNi¢ of Ireland IFRS 1021 and the Companies Act 2006. Barnet Youth Zone meets the definition of a public benefit entity under FRS 102. As8el8 and liabllllie$ are inibalty recognised al historieAI tr￿#t or transaditsn Val￿ unlèss Othe￿is8 statèd in the relevant accounting policy. 22 Golng concem Thè Trustee's assessment is that thère ar8 suffioent fijnds to maintain operations for al least the next 12 months. This is based on the level of the Char(ty'5 unrestricted resÈrvè8, which are in exc&ss of 12 months. worth of expenditure. Fundraisng nelworts continue to be developed and the nature of operaknons are su¢h that the o)st base can be managed shoul¢ there be a sudden drop in income. 8ased on the above, the Trustees consider the Charity to be a going concem. 2.3 Incomè All income is recognised oncE the Charity has ent￿ement lo the in￿rne. il is p￿babIe th* the income will be received and the amount of in¢ome ￿Ce￿a￿e Can be m¢asur¢d reliably. Grants are included in the state￿￿nt of finanual actiwties on a receivable basis. The b8lanc@ of income received for speofjc purposes but not expended during the peri¢yJ is shown in the relevant Jnds on the b818nce sheet. whe￿ in¢x>me is recewl in advarKe of entTUom¢nt ol ￿ceipt, its recognition is dèfe￿&d 2nd induded in creditors as def&rrèd income. Where ent￿ernenl o(xurs before income is received, the income is acuued. Incom& tax rewverabk in ￿lS￿"0n to investn￿nt income is recc4Jnis¢d al the time the investment incomé is reeeivable. Other income is recognised in the pEriod in whith it is rw2Nable and to the extent the g¢)ods have been provided of on compleb.on of the 5eTri(x. 2.4 Expendlture Expenditure is recogni5ed once there 18 a legal or constructive obligation to transfer economic benefrfc to 8 third party, it is probable that a transfèf of Èconomic bènefits will b& required in settlement and the amount of the obligation can be measured reliably. Expendrture 15 classified by activity. The costs of each activty are made up of the total of dired cos15 ar￿ shared ￿st$. in¢luding support cAisls involved in undertaking each 8cliw"ty. Direct ¢xsts attributable lo a single aGtivity are allocated diredy to that actiwty. shar￿ costs V4hith conthbute to more than on8 aclivity and support costs which aTe not attributable to a single athvity are apportioned be￿een those acttvities on a basis consistent with Page 19 BARNET YOUTH ZONE (A company Ilmlted by guarant891 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 MARCH 2022 Aceountlng pollclÈs l¢ontinuad 2A Expenditure Icontlnuedl the use ol resourc8s. Central gtaff costs are 8IIctated on the basis of time spent, and depreciation charges allocated on the Portion of the asset's use. Expendi￿re ¢)n rai￿n9 funds includeB all expenditure inoJrr&d by th& Charity lo raise funds for ils charitable purFM)ses and indud88 Costs of all fiJndrai5ing acbvilies events and non4harilable trading. Expendiiure on tharitable activrbes is inuJrred on dire¢Uy undertaking the actiwties which ￿1rther the Charitys objectiv¢s, as well aB any a83ouated support costs. All expenditure 18 indusive of irrecovefable VAT. 2.5 Intèrest recelvable Interest on fvnd8 hekl on deposTt is included when receIva￿e and the amount can be measu￿d reliably by the Ch8rity- thls is r￿rMalty upon notification of the interest paid or poyaLq£ by the insbtulion with whom the funds are deposite(l. 2.6 Tanglblg fixod assets and depreciation Tangible ffixed 85sels coskn'ng £500 or more are capilalised and reco9nised when fvlure economic bènéfits arè probable and the cost or value of ihe asset can bo rn0a8u￿d ￿lIablY, Tangible fLKed assets are inib.ally r•cr>gnisèd al cost. After recognition, under the cost m￿e5, tangible xod assets are measured at cost less accumulated depre(iation and any accumulated impairmgnl losses. All (xjsts inwrrÈd to bring a tsngible fixed asset into ils intended working condition should be induded in the measurement of cosL Depr￿latIOn is charged so as lo allocal& the cost of tangible fixed assets 1955 their re￿dUal value over their estimatsd useful lives. Depreciation is provided on the foll¢Mng basis.. Leasehold prO￿ty Motor vehicles Fixtures and fitb'ngs Computei equipment Over the per￿d to which the lease relates 33% straight line 33% straight line 33% straight line 2.7 Debtors Trade and other debtors are recognised at the setUem8nt amount aftèr any tradè discount offered. Prepayments are valugd at the amount wepaid net of any trade discounts due. 2A Cash at bank and Sn hand Cash at bank and in hand includes cash and short-temi highly liquKI investments with a short maturity ol ihree months or les5 from the dale of acquisition or opening of the deposit or similar a¢counl. Page 20 BARNET YOUTH ZONE {A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 A¢¢ountlng poll¢les {¢ontlnu•dl 2.9 Uabllltles and provlslon5 Liabilities are re￿gnised when there is an obligab.on al the balan￿ sheèt date as a rgsull of a past event, it is probable that a transfer of economio b8n8fft will bè r8quir8d in s8tt18m&nt, and the amount of ihe sèttlement ean be estimated reliably. Liabilities are rewgnised at the amount that thg Chartty antiTr"patss it will pay to settl¢ lh¢ debt or the amount rf( has re￿ed as acfvanced payine￿ts for Ihe goods or serV￿eS it musl prowde. Provisions are mÈasured at the Ix$l estimate of the an￿￿nts required to setue the Obl￿allon. Wh8r8 the effect of the b'me value of money is material, the prowsion is based on the present value of those amounts, discounted at the pre-tax discount rale that refleds the risks speafic lo liability. The unwindlng ofthe discixjnt 1$ le￿n￿ in the ststemenl of ffinancial athilies as a finance cD8t. 2.10 FlnanGlal Instruments The Chartty only has finanryal assets 8rKI fjnancaal liabil￿"e3 of a kind that qualify as basic finanoyal instruments. Basic financial instruments are initially recognis8d at transaction valu8 and subs8quenUy MeasU￿d at their settlement value wllh the exception of bank loans which ale subsequently measured at 8rTh)rtised cost using the effeL*ve interest method. 2.11 Penslon8 The Charity operales a defined C￿trIbUtion ￿nsion stheme 8nd thè pension charg8 raprèsents the amounts payable bythe Charity to the fijnd in respect of the ygar. 2.12 Fund a¢¢r*untlng General fvnds are unrestricted funds which are available for use at the discretion of the Trustee5 ift rtheTance of the geneRI objectives of the Charity and whth have not ken designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designal&J ￿nd is sel out in the notes to the financial slalements. Restricted funds are fvnds whith are to be Ltsed in accordance wth speofic restrictions imposed by donors or which have been raised by Ihe Charity for parliojlar purposes. The costs of raising and aéminislering such funds are Charged against Ihe speoffic fvnd. The aim and use of each ro5trfcled nd is set OLbt in the notes to the finarrial statements. Inveytment income. gains and losse5 are allccated to the appropriate fund. Page 21 BARNEf YOUTH ZONE (A company Ilmlted by guarantse} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Crillcal accountlng a$timato$ and ar¢a$ of judgment Estimatés and judgments are ojnlinualty evaluatgd and are ba8ed Dn historical 8xp8rienc8 and othèr factors, induding expectations of ftrture events that are bèlièved to be reasonable under the rcumstances. Critical accounting estimates and assumptions: The Charity makes estimates and assumpb.ons Cor￿rning th8 future. The resulting ac(x)unting eslimales and assumptiony wll. by definition, s8ldom equal the retaled actua5 results. The estimatos and assumptions that hav& a significant risk ol causing a matsrial adjustment lo the carrying amounts ol a￿￿18 and 5iabilities Trmthin th& next finanaal year are disLussed below. Crltlcal accountlng g$tlm•tes and area5 of judgment Estimates and judgments are continually evaluated and are based on historical èxp8rienca and other fadors, induding 8￿ecIationS of futurè evènts th8t are believed to be reasonable under Ihg rcum5tances. Critical accounting estimate5 and assumptions: The Charity makes esb'males and assumpb"on8 ￿n￿rnIng the fLrtur8. The fesutting accounting estimate and assumptions wll, by definition, seldom equal Ihe related actual results. The trslimales and assumptions that have a significant risk of causing a material adjustment to the carying amounts of assets and liabilities within the next finarrial year are diwssed bel¢yw. Income from donatlon$ and legacios Unrestricted Restrfcted funds nds 2022 2022 Total funds 2022 Donations and Grants 1,124,547 93,604 1,218.151 Unrestricted funds 2021 Restricted fvnds 2021 Total funds 2021 Donations and Grydnls 1,604,384 327, 112 1,931,496 Page 22 BARN￿ YOUTH ZONE (A Company 11m1t￿ by guarantso) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Income from charltable activiti•s Unrestrlcled funds 2022 Total funds 2022 Young People 43,081 43,081 Unrgslri¢l&d funds 2021 Total fvnds 2021 Young People 6.823 6,823 Incom8 from othgr tradlng actlvm Income from fundraising events Total funds 2022 Unrgstricted funds 2021 Total fvnds 2021 Fundraising Events 3C18 308 Page 23 BARPIET YOUTH ZONE (A company limlled by guarant•e NOTES TO THE FINANCL4L STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 In¢om$ from othartradlng a¢tlvltles {eontlnuod) Income from non charitabk tradlng activltios Unrestrlcted funds 2022 Total funds 2022 Tol81 funds 2027 Sale of Goods 585 565 Inv•8tment Income UnTestrlcted funds 2022 Totsl funds 2022 Bank Interest 835 835 Unrestricted fvnds 2021 Total fijnds 2021 Bank Interest 270 270 Olhar Incomlng r8sourc•s Unrostrlcted funds 2022 Total funds 2022 Catering income CJRS inwme Roomllaolity hire 40.824 3,484 5,378 40,824 3,484 5,378 49,686 49.686 Page 24 BARNET YOUTH ZONE (Acompany Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEPR ENDED 31 MARCH 2022 Other In¢omlng rnsourcos {¢ontlnuodl Unfr¥strfctgd funds 2C>21 Total funds 2Q21 0th8r itxom8 10 io 7,425 135,063 B.377 Catering income CJRS itKotno Roomlfacility hire 7,428 135,063 8,377 150,878 150.878 fo. Exp•ndltur• on ralslng funds Costs of ralslng volunlary Income Unrèstrlet•d funds 2022 Total funds 2022 Fundraising Costs 11,262 11.262 Unrestricted funds 2021 Restt7cted funds 2021 Tolal fun(ts 2021 Fundraisin9 Costs 2.447 486 2,933 Page 25 BARNET YOUTH ZONE {A company Ilmlted by guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOEO 31 MARCH 2022 11. Anolyslts of expendlture on charllable actlvkties Summary by fund type Unrestricted Restrlcted funds funds 2022 2022 Totsl funds 2022 Young People 1,52B,795 149,834 1,678,629 Unrestri¢ted fvnds 2027 Rgsttlded funGIs 2027 Tolal funds 2Q21 Young People 827,901 509,065 7,336, 966 12. An8ly$is of expand￿Ur& by aetlvttles A¢livlti6s un•Jertaken dirè¢lly 2022 Support costs 2022 Total funds 2022 Young People 1.266.153 412,476 1,678,629 AcliwlEs undertaken directly 2021 Support costs 2021 Total nds 2021 Young People I.￿1,395 335.571 1,336,g66 Page 26 8ARNET YOUTH ZONE IA company Ilmlt•d by guarantoel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 12. Analysls of expènditure by activltles (contlnuedl Analysls of dlract wsts Young Peoplè 2022 Total funds 2022 Staff Costs Depreoatign Other Staffing Costs managem￿ Costs Premises Costs 1,058,225 7S,910 42,424 639 1,058,225 76,910 42,424 639 Oelivery Costs 87,949 87.949 1,266,153 1,286,153 Young People 2021 Total funds 2021 Staff costs Depreciati Other Staffing Costs M8nag&menl Cegts Delivery Costs 913.362 42, 126 10,424 297 35,186 913,362 42, 126 10,424 297 35, 186 7.001,395 1,007,395 Analysls of support costs Young People 2022 Total fundB 2022 Depreuation Managernent Costs Premis&s Costs 149.158 179.233 84.085 149,158 179,233 84,085 412,476 412,476 Page 27 BARNET YOUTH ZONE {A¢ompany Ilmltsd by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 12. Analysls of expendlture by activitlos Icontlnuodl Analysls of support costs Icontinueil} Young People 2021 Total funds 2021 D¢pr¢cialion Management Costs Premi8e$ Cost5 144,264 125.875 65,432 144,264 125,875 65,452 335,577 335,571 13. Audltorfs ramuneratlon 2022 2Q21 Fee5 payable to the Charity's auditorfor the audit of the Charitls ar)nual accounts 4.200 4,000 Fees payable to the Chariws auditor in ￿SpeCt of All non-audit servieÉ8 r￿t in¢luded above 1.000 950 14. Staff co8ts 2022 2021 Wages and salariès Social security costs Contribution to defined contrtbutton pension schemes 987,877 55,397 14,951 845, 163 54,095 14, 104 1.058,225 913,362 The average number of persons employed by the Charity during the year was as follows.. 2022 No. 2021 No. Youth Zone 85 76 Page 28 BARNEf YOUTH ZONE {A company Ilmlt¢d by guarantsel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 14. Staff ￿￿¢S Icorrtlnuedl No employee received romuneration amounting lo MO￿ than £60.000 in either year. The aggregate remuneration of the Key Management Personne5, which coJnprises of the Ghief Executive. HR & System5 Manager, Head of Fundraising. Head of Youth Work and Operational M8n8ger lo1811 £275.17712021.. £224,166). The current rep￿ng period is the first year in vthich these rol88 hav8 been in effect for the full year. 15. Trusts•s' r•munoratlon and expenses During the year, no Trustees r￿1Ved any remuneration or olher benefts {2021 - £NIL). D¢Jring the year ￿￿ed 31 March 2022. no Tw8tee ex￿nses have been incurred {2021- £NILJ. 16. Tanglbla flx•d assets Freehold property Motor Fixlures and vehl¢le$ frttings Computer equipment Total Cost or valuallon At l April 2021 AddIti￿S 192.752 25,7T8 205A98 15.378 74826 1,557 6,473,076 67,663 24.950 A¢ 31 Marth 2022 6,218,530 24,950 220,876 76,383 540.739 Dgprg¢iation At 1 April 2021 Charge for the year 212,054 124,058 75.620 70,833 42,889 24,940 330,563 226,068 6,237 At 31 March 2022 336,112 6237 146,453 67.829 556,631 Net book value At 31 Marth 2022 5,882.418 18,713 74,423 8.554 5,984,108 At 31 Mar¢h 2921 5,980.698 129.878 31,937 6, 742,513 Page 29 BARMET YOUTH ZONE IA¢ompany Ilmil￿ by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MPRCH 2022 17. Debtor8 2022 2021 Tradè debtors Other debtors PrepayTnents and a￿ru¢d incomg 65,374 3,938 72.594 55.146 120.520 76,532 18. Credltors: Amounts f8lllng due wSthln one year 2022 2021 Trade creditors Other taxation and yo￿al s￿rIty other creditors 26,205 35.606 78.330 45,032 14, 793 61.456 63,907 75,629 Accruals and deferred income 185,173 215,785 Page 30 BARNET YOUTH ZONE (Acompany Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 19. Statement of funds ststoment of funds - cunent year Balan¢0 at 31 Ma￿h 2022 Balance at 1 Aprll 2021 Incijmo Exp•nditure Unrestrlctod fvnds G¢ngral Funds 1.880,556 1218.714 (1.540,05n 1,559,Z13 Restrlctsd funds Fixed Assets 6.107.625 4522 22,lJO 1124.058) 6.005,567 5,522 8,647 J Pelchey Comms Managèr J Petchey Athievement5 Award$ Renovation of ReC￿3￿"0n Area- JG Mentoring Proje0* S￿Y Music Proje¢t 7,6S0 13,644 20,31 D 30,000 11,5031 119,5941 12.8531 11.8261 5,950 17,457 28.174 6.121,597 93,604 1149.8341 6.065,367 Total of fundy 8,002,153 1.312.318 11,669,891) 7.624580 Restri¢tsd Funds Jack Petchsy Aehlèvement Awards - awarded to outstanding members of IhÈ Youth Zone in payments 01 £250. Th& young person is able to deade how best lo spend on resources for the bgnefit ol the YZ. Community Match Challgnge - A projec4 fvnded by the Sè¢retary of Stale for Digital, Culture, Medi8 & Spr)rts IDCMSI lo respond to 1he nÈÈds of the most vuln¢rable and marginalised people a￿cted by COVID-19. This is utilised for outreach Work in partne￿hip with a local housing association. Natlonal Lottery - COVID Support - Funds to support the Youth Zone COVIt>19 rec¢>very work including activity packs delivered lo youThJ people at ￿Me. Clty Brldge Trust- Funds awarded for COV1[￿19 adapted provision. bDth remotety and within th8 Youth Zone. Renovation of R•erÈation Arga - JG - CampawJn to raise funds to renov*e the ouside garden spa this yÈar. Mentoring Project - Funding from the Lord Mayorfs Appoal to support on&knone mentoring of young people who have been identified as needing extra support by trained staff mèntors. Sony Music Proleet - Funding to support one-t￿r)ne work befvleen music speualist youth workers and young people wlLh a talent for music (vocals, instruments or music recording and produclionl. culminating in a showcase event in wnter 2022. Jack P9tGhey (Comms Managerl - grant towards the salary o)sl$ of the Youth Zone's Communications Manager. D£$ignatsd Funds A designated fund has been created Spe￿f￿allY for maintaining the facilty c)f the Charty. Pagè 31 BARNET YOUTH ZONE IA ¢ompany limlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 19. Statemènt of fund¥ Icontlnuedl ststement of funds - prlor yéar Balance at 31 MaKh 202t B818nc& 81 1 Ap1712020 Transfers Inlout Incon￿ Expenditur Unrè$trfctsd funds Deslgnated fund8 Dg5ignated Funds 150.000 150.000 General funds Gonoral Funds 910.857 f. 762.663 (830,348J (112.616) 1,750.556 Total Unrestrlctsd funds 7,060.857 1.762.663 (830.348) 1172,816) 1,880,556 Restricted funds Fixèd Assets 6.181.398 9,022 (786,389) 112,616 6,107,625 5.522 J Petchey c￿mm5 Managar J Pelchey Ach￿Vernents Awards Communty Match Challenge National LOtt￿- COVID Support City Bridge Renovation of Recreation Area -JG (3.500) 2,500 211,890 (211.890J 82,662 28,610 {82,fj621 (28.61OJ 5.950 5,950 6. 191.420 327, It2 (509,551) 112,616 6, 721,597 Total of funds 7,252.277 2,089,775 (1.339,899) 8,002,153 Page 32 BARNET YOUTH ZONE IA company limlted by guwantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 20. Analysls of net assets b•tw88n funds Analysis of nèt a$$•ts between fiJnds- current year Unr•strletod R•strlctad funds funds 2022 2022 Total fvnd$ 2022 Tangibl& ffixed a88ets Current assets Creditor5 due within one year 5,984,108 81,259 5,984,108 1,825,fj45 185.1731 1,744,366 {185,1731 Total 1,559,213 6,C65,367 7,e24,580 Analysls of net assets between funds - prlor year Unre81riGted funds 2021 RsslriGted funds 2021 rolal funds 2Q21 Tangible fixed assets Current assets Creditors due within one ￿ar 50,tX 2.046,347 (215,785) 8,092,513 29.084 6. 742,515 2,075,425 (215,785) Total 1,880,556 6,121,597 8,002, 153 21. Reconciliation of net movement In funds to Tret cash flow from operatlng actlvltles 2022 2Q21 Net In￿me/expendit￿le for the year 188 per Stslement of Finand81 Activiliesl 1377,5731 749.876 Adlusknents for: Depreaalion charges Dividends. interests and rents from investmerrt5 Inuéas8 in debtr)rs 226,068 1835) {67,9121 {8,6881 186.390 (270) (74,938) 98,219 I￿￿ease1(deCreasel in creditors Net Cash provldod bylluS￿ In) optrratlng a¢tlvltles 1226,9401 959,277 Page 33 BARNET YoirrH ZONE (A¢ompany Ilmttod by guaranloo) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 PAARCH 2022 22, Analy$ls of cash and cash equivalènt$ 2022 2C121 Cash in hand 1,705,125 1,998,893 Total ¢ash and cash BquSvalents 1,705.125 7.998.893 23. Analysls ol changes In net debt At 1 April 2021 Cash flows At 31 March 2022 Cash at bank and in hand 1.gY8.B93 1293,768) 1.705.125 1.998,893 1293,7681 1,705,125 24. Penslon commltments The charity operates a defined LX)TrtribuiitJn pen&on scheme. The assets of the scheme are held separately from those of the eharity in an irthFkfKlentty administered fvnd. The pension ¢081 chBrg8 represents wntributions payable by the company to the fund arKi amounted lo £14,951 (2021.. £15,313}. 25. Related party tr8nsoetlons DurirKJ the year the charity re(xiveil donatirms which amounted to £12,500 12021., £25,000) from W¢sl City Properb'es. ¥ company in which a Trustee is also a Direc*or. Th8 charty purchased advertising space from Bamet TV Limited, 8 cDmpany in which a Trustee a director. The total value was £nil12021.. £1921. No amount was owed as at 31 Marth 2022, Pag¢ 34