Registered number: 10445685 Charity number: 1173239 BARNET YOUTH ZONE (A Company Limited by Guarantee) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 BARNET YOUTH ZONE (A Company Limited by Guarantee) CONTENTS Page Reference and Administrative Details of the Charity, its Trustees and Advisers Chairman's Statement Trustees. Report Independent Auditor's Report on the Financial Statements Statement of FinanGial Activities 4-11 12-15 16 Balance Sheet 17 Statement of Cash Flows 18 Notes to the Financial Statements 19-36 BARNET YOUTH ZONE (A Company Limited by Guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025 Trustees J Allen Lord J Mendelsohn (resigned 22 May 2025) G Mallon {resigned 22 May 2025) C Aulis A Hayman (resigned 25 September 20251 A Benjamin H Khalick L Allen S Levy K Munday R Somaiya (appointed 15 July 2025> N Patel (appointed 15 July 20251 Cornpany reglstered number 10445685 Charity registered number 1173239 Reglstered office 76 Montrose Avenue Edgware HA8 ODT Honorary President Keith Black Honorary Vlce.President Lord Jon Mendelsohn Independent auditor Crowe U.K. LLP 3rd Floor 56 Peter St Manchester M2 3NQ Bankers Handelsbanken Hygeia Building 66 College Road Harrow HA1 1BE Page 1 BARNET YOUTH ZONE IA Company Limited by Guarantee) CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 31 MARCH 2025 This is my second Chairman's statement and l am proud lo report that Unrtas Youth Zone has gone from slrength to strength over the past year. In a landscape that continues lo be incredibly challenging for young people, and in the face of considerable financial headwinds, we have once again provided safely. consistency and opportunity. Operating from our state-of-the-art building in Montrose Park, we are surrounded by areas of North London with deep and entrenched social issues. On a range of metrics household poverty. educalional attainment, overcrowded housing, life expectancy, obesity, smoking, fuel poverty and others the homes that so many Unitas members come from are lough, but the welcome that awaits them al Unitas is always warm. In the 2024125 financial year. over 3,250 young people attended Unilas at least once. More than 1,000 of them live in Burnt Oak, the most socioeconomically deprived area of the entire London Borough of Barnel, and that thousand represents about a third of all eligible young people in the area an incredibly high proportion for a voluntary provision. This is just one example of the impact that Unitas has, with that impaGt being greatest for those most in need of support. We recorded just over 34,000 attendances across our regular universal sessions (when we open seven times a weekl and our Holiday Club, and we ran three community open days with a combined allendance of over 2,000. We hire oul our space during the day to a range of community groups, often al a much-reduced fee, and are proud of our status as an anchoring institution locally. Supported by funding from Cadent, we have also opened a Warm Hub for old8r residents on a Wednesday, and we now regularly see oveT a hundred attendees. All in all, Unitas, building sees footfall of well over 50,000 visits a year. Every week is special at Unitas, with a regular output of open mic nights, theatre trips, overnight residentials, our sports teams playing fixiures home and away, boxing shows, art exhibitions and much more. We are by some distance the largest recipient of Jack Pelchey Achievement Awards in the Borough127 a year), and this year we were once again voted Charity of the Year at the Barnel Homes annual awards for the second time in three years. With the appointment of an Impact and Insight Officer, generously supported by a grant from the Onside Foundation Impact Fund, we have been able to extend Ihe breadth and depth of our evaluation work. We have strong evidence that coming lo Unitas meaningfully'moves the dial" on outcomes for young people such as self- confidence, resilience, physical and mental health and sociability. As part of the Onside Network of Youth Zones, we can also point to important research both carried out by Onside leg the annual Generation Isolation report on the lives of teenagers today, or the more recent report on Social Value) and by trusted, external organisalion5 leg the report by the Inslilule of Fiscal Studies about the role that youth clubs play in crime reduction and exam performance). All of Ihis research, and more, can be accessed on the Unilas and Onside websites. Our staff - paid and volunteers - are al the heart of what we do and l am once again so impressed by their dedication to young people, their creativity when planning and delivering aclivilies, their patience dealing with often tough and emotional situations as we safeguard young people and their good humour and positivity whenever the doors are open. As you will see in our accounts, 2024125 was a challenging year financially, and we have recorded an operating deficit. The Trustees have been mindful of the increasing cost pressures on all charities as a result of external factors (including the changes to Employer National Insurance contributions), and have therefore instructed the senior management to look at all overheads and reduce them where possible. In doing this. though, we have been mindful of the impact on our young people, and so have not changed our opening hours at all. protecting frontline services. Page 2 BARNET YOUTH ZONE IA Company Limited by Guarantee} CHAIRMAN'S STATEMENT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 We have already seen an uptick in fundraising al the start of the new financial year, with a slrong pipeline of new potential supporters and a fully-staffed fundraising and matl(eling team. l am confident that they will bring in significant new revenue this year, and the budget that the Trustees approved is for a srnall surplus. Finally. three Trustees have stood down in the few months since the end of the financial year. Gerald Malton, our exceptional Health and Safety Trustee. has been a model of Irusleeship in his four years on the Board. Anthony Hayman has been cur Fundraising Trustee and helped to guide and support the professional team to raise substantial funds for Unitas. Lord Jon Mendelsohn, one of the original founding Trustees of the Youth Zone. stood down in May 2025 after nine years. His conlribution to Unitas Youth Zone, and thereby lo young people locally, cannot be over5taled. The Board unanimously agreed that Jon should become our Honorary Vice- President and l am pleased that he has accepted. We have also welcomed onlo the Board Neelesh Patel and Rhea Somaiya, as we continue to further slrengthen our governance. Stuart Levy Chair, Company Director and Trustee Date.. LS /? Ils Page 3 BARNET YOUTH ZONE (A Company Limited by Guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Trustees presented their report with the financial statements of the charity for the year ended 31 March 2025. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities and preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 {effeclive 1 January 20191. AIMS AND ACTIVITIES Objectives and aims Unitas Youth Zone is a youth charity, based in Burnt Oak in the London Borough of Barnel, whose vision is to unite young people lo help them fulfil their polenlial. Based al a state-of-the-art facility and staffed by a large and diverse team of youth workers. we offer 20+ activities on every session. We are a universal provision, open to all young people from the ages of 8-19 {and up lo 25 for young people with additional needs), funded primarily through philanthropic gifts from generous individual donors and privale-seclor companies. Financial accessibility is at the heart of what we do - membership for a year is £5, entrance each session {wilh access to all activities included in thall is 50p and a delicious, nutritious hol meal is £1. Young people who cannot afford these costs are provided with them for free. A registered charity, we opened in June 2019. We are part of the Onside Network of Youth Zones. Whilst all independent organisations, the network brings us together through a shared 'DNA" and mutual support. Onside has been building 21st Century youth facilities across the UK for over a decade, based upon the hugely- successful Bolton Lads and Girls Club model - an organisalion established 125 years ago. We provide young people with "somewhere to go, something to do and someone to talk to" We are indebted to Barnel Council and our original capital funders for providing us with our amazing building, and our Founder Patrons and other donors who contribute each year lo our running costs. Stewardship of these donors is a major activity of our fundraising team, to ensure that they feel engaged in the life of the Youth Zone and hopefully will continue lo give. We deliver a range of exciting aclivily-based programmes that challenge, stimulate. and provide new opportunities for young people. Our facilities include a dedicated arts space, a climbing wall. a gym and fitness suite. a recreation space, a boxing studio, a sensory room, a wellbeing room, an enterprise and employability room, a rooftop outdoor 3G pitch, a full-sized sports hall, a performing arts studio. a café, a training kitchen, as well as music, recording studio and multimedia spaces. Young people of all ages are able to contribute to the future of the Youth Zone via our United Youth" groups, and young people over 16 can train as a 'Young Leader. and volunteer as leaders on our Junior18-12 year olds) sessions. We are staffed by a mixture of paid employees and volunteers. We have a team of salaried staff who both lead the delivery team and ensure that all the relevant back-office functions Ifinance, facilities. HR, data. reception etcl are managed efficient5y and effectively. We then have sessional workers and volunteers who work directly with our members on session, as well as others who play invaluable roles in keeping the building clean, well- maintained and working on reception during the day. We pay all staff al minimum the London Living Wage. Unitas is represented in the key local and sectoral roundtables and organisations, and aims to be a positive force in the life of our local community. We let the building out on both a commercial and reduced-rate or free basis, depending on the group. We have a strong working relationship with Barnet Council and are active members of the Young Barnel Foundation. We also regularly host councillors and other local dignitaries. Page 4 BARNET YOUTH ZONE {A Company Limited by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document Unitas Youth Zone, the working name for Barnel Youth Zone, is a company limited by guarantee without share capital and is registered under the Companies Act 1985, registration number 10445685. The company is governed by ils Memorandum Idaled 25 October 20161 and Articles of Association Ilasl updated 17 November 20221 Management of the company rests with the directors. 11 is a charity and was registered with the Charity Commission on 1 June 2017. In the event of winding up. the present members and those who have ceased to be members in the previous year will guarantee the liabilities of the company only up to a sum of £10 each. Recruitment and appointment of trustees The first directors were subscribers to the Memorandum and notified lo Cornpanies, House as the first directors of the charity. A person appointed as a director thereupon becomes a member of the charity and directors who ceased lo hold office for any reason cease lo be a member of the charity. Directors have the power lo appoint by ordinary resolution any person to be a direclor who is willing lo act as such. New directors will be recruited a¢¢ording lo the needs of the charity and suitability of possible candidates and unanimous approval of existing directors would lead lo their appointment. Unitas has recently Created a formal process for the appointment of new Irusleesldireclors, with a Nominations Committee that scrutinises the process lo ensure that the most suitable candidates are the ones to join the Board. The Memorandum and Articles of Association stale that the number of members Idireclors} shall not be less than three. At the first Annual General Meeting all directors musl retire and seek re election. At each subsequent Annual General Meeting, one-third of the directors are required to retire by rotation and seek reappointment if they wish to continue. Al the Annual General Meeting in November 2024. three of the current directors sought re- election, and none stood down. From May to September 2025, three directors resigned and two new directors were appointed. Full details of the rules are contained in the company's Memorandum and Articles of Association, which may be inspected al the registered office. Trustees, induction and training The induction of new Trustees may commence ahead of formal appointment which is subject to the satisfactory completion of the vetting process. Potential candidates are provided with various Charity Commission guidance (including Safeguarding, and the Essential Trustee guidance) and a copy of the Memorandum and Articles of Association. Following appointment, new trustees are provided with a comprehensive induction to Unitas Youth Zone through the provision of in house training. The induction process also includes support from Onside, who have produced comprehensive guide for Trustees of Youth Zones. New Iruslees also participate in comprehensive handover meetings with relevant members of staff. Organisational structure Unitas Youth Zone is governed by the trustee board which is responsible for setting the strategic direction of the organisalion and the policy of the charity. The trustees carry the ultimate responsibility for the conduct of the organisalion and for ensuring that the charity satisfies ils legal and contractual obligations. Trustees meet formally six times a year and may delegate the implementation of the decisions and day-lo-day operations of the organisalion lo senior management or any employee of the charity, person or committee as they see fit. Any committee must include at least one Iruslee. The trustee board is independent from management. Decisions are determined by a simple majority vole. In the case of an equality of votes the chaiman of the meeting has the casting vole. Page 5 BARNET YOUTH ZONE (A Company Limited by Guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 There are Currently six sub-committees of the Board. The Finance Committee, led by the Treasurer, meets six times a year The Delivery Committee, led by the Trustee for Delivery. meets six times a year This year, we spun off part of this ccmmiltee's remit into a separate People Committee, led by the Trustee for HR, which mel for the first time in July 2025 and will meet quarterly The Health and Safety Committee, led by the Trustee for Health and Safety. meets six times a year The Fundraising Committee, led by the Trustee for Fundraising, and meets approximately six times a year The Pay and Remuneration Committee meets cnce or twice a year and consists of the Chairman. the Treasurer, the Trustee foi Delivery and the Trustee for HR There are also provisions within the organisalian's policies for a Nominations Committee {to meet ad hoc when there is a senior appointment to consider) and a Gift Acceptance Committee (lo meet ad hoc if there is a question or concern about whether the charity should accept a philanthropic gift). Related parties None of our trustees receive remuneration or other benefits from the work with the ch8rity. Any connection between the Iruslees or senior manager of the charity with a connected party (including donors, suppliers, and slaffj must be disclosed lo the full Board of Truslees in the same way as any other contractual relationship with a related party. All related paty transactions are disclosed in note 17 of the financial statement. Pay poliGy The Directors, who are the charity's trustees, and the senior management team and the key management personnel, are in charge of directing and controlling, running and operating the charity on a day to day basis. All directors give their time freely and no directors receive remuneration in the year. Details of directors. expenses and Telated party transactions are disclosed in note 24 of the accounts. The pay of the full staff team is reviewed annually. Slaff paid hourly Imoslly sessional staff. but also cleaning and some reception, facilities and catering stafQ are paid the London Living Wage (adjusted each year in April). It is the aim of Unitas that salaried staff will receive an annu81 pay rise to lake account of cost of living increases, but depending on the financial health of the organisalion this may not always be possible. Other pay increases are for changes of role or responsibilities. The directors benchmark against olher similar charities in the voluntary sector as well as across all the Youth Zone Network. All ch8nges to pay and remuneration are formally approved by the Pay and Remuneration Committee. Rlsk management The Iruslees have considered the major risks to which the charity is exposed. The arganisatlDnal risk register is fully updated annually Imosl recently in March 2025} and each identified risk is assessed every six months by the SLT. Day-to-day risk management is delegated to the Chief Executive and senior leadership team. Key fundraising risks include Ihe reliance on our Founder Patrons for a large proportion of our income., this is rniligated by a slrong and personalised stewardship programme and the close attention to our donors by both Board members and the Chief Executive. A second risk is of us not properly reporting on grants given by Trusts and Foundations. This risk is miligated by careful record-keeping of when reporting is needed and thorough, evidence-based reports being prepared. The final fundraising risk is not having enough fundraising or communications staff lo carry out the work. This is mitigated by paying competitively for a charity of our size, offering a range of benelits and ensuring proper succession-planning is in place. Page 6 BARNET YOUTH ZONE (A Company Limited by Guarantee TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 ACHIEVEMENT AND PERFORMANCE Charitable Activities The key charilable activity of Unitas Youth Zone is our daily sessional provision. This year we were open six days week throughout the year. Each week, we run two sessions (eight hours in totall for Juniors {age 8-12 years old), four sessions 120 hours in total) for Seniors {age 13-19 years old and up lo 25 for those with additional needs) and one session (four hours in total) solely for young people with additional needs {age 8-251 and their parentslcarers. Annual membership of Unitas is £5, each session attended costs 50p and there is always a hol meal for £1. These Costs, already enormously subsidised, are waived for families who cannot afford them. This 32 hour a week core provision (over 1.600 hours a yearl is supplemented by extra daylime sessions during 12 weeks a year of school holidays - in 2024125, this amounted to an extra 450 hour5. Therefore Unitas, youth provision amounted to more than 2,000 hours during 2024125. (For comparison. most schools in the UK are open for young people for closer to 1,500 hours a year.) Our Holiday Club is both well attended and affordable. A young person can attend from 8am-3pm for £10 a day, or until 6pm for just £5 extra., this is be￿een a half and two thirds cheaper than similar commercial provisions. We also can offer free places to those on free school meals in the three longer holidays via the HAF scheme Ifund8d by the Department of Education and distributed by the Young Barnet Foundation). Our provision is exceptionally well-attended. In total in 2024125, we recorded 34,323 visits, a 5Q/o increase on the previous year on a like-for-like basis. We a150 ended the year strongly, with February 2025 being our busiest month since the pandemic {an average of more than 130 young people per session), Our Limitless provision, for SEND young people and their families, also continued lo grow, even after the record year we had in 2023124, and recorded over 1,850 attendances. We are by some distance the largest universal youth provision in the borough and indeed in North London. As an organisalion deeply embedded within our local community, we are proud lo act as a hub for many groups, organisalions and aclivilies. We offer our space for free or al much-reduced rent during the times we are not open for session, with usage ranging from molher-and-baby clinics, one-to-one mentoring, employability work with NEET young people, a warm hub for older local residents, a flee 0-5 year old provision called Babyzone and much more. Unitas, volunteers are some of our most committed colleagues. They bring their lalenls, expertise and energy to the Ofganisation without asking anything in return. Our Trustees oversee our governance and so much more besides, and we cannot thank them enough. In addition, by the end of the financial year we had 31 regular volunteers, contributing hundreds of hours a month of their time across the whole spectrum of th8 Youth Zone's operation5. Every year we recognise one volunleer who has truly gone 'above and bèyond,, and for 2024 this was Alice Ho. Over this financial year, excluding our Truslees. volunleers gave over 3,500 hours of their lime to the organisation, the equivalent of almost £47,DQO had they been paid for that lime. This is 42 /0 more than the previous year. Page 7 BARNET YOUTH ZONE (A Company Limited by Guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 FINANCIAL REVIEW Summary financial review 2024-25 was a challenging year financially for Unitas. Total income was £1.25m 12023-24. £1.4m} and expenditure was £1.76m {2023-24'. £1.65ml. Excluding depreciation, the operating deficit was £367k {2023-24', £101 k). Whilst expenditure was slightly under budget, income fell compared lo the previous year {both restricted and unrestricted). A summary of the income and expenditure for the year ended 31 March 2025 15 as follows.. Unrestricted Funds 2024-25 Restricted Funds 2024-25 Total Funds 2024-25 Total Funds 2023-24 Total Income Total Expenditure Nel IncomellExpenditurel Transfer between Funds Net movement in Funds Total Funds Carried Forward 1,076.295 1,602,380 526,085 130,275 395,810 589,243 176,061 153,001 23,060 130,275 107,215 5,596,252 1,252,356 1,755,381 503,025 1,404,140 1,653.836 249,696 503,025 6,185,495 249,696 6,688,520 Income is d8rived from five principal sources.. major donor (patron) gifts., corporate partnerships,. grants and trusts,. individual and community giving- and non-fundraised income Iletlings. calering and income from young people). Apart from the Holiday Aclivilies and Food programme IHAF) and occasional one-off grants, Unitas receives no income from local or national government. Particular care is made to properly account for restricted funds. This year Unitas also ran ils second crowdfunding campaign alongside the other London Youth Zones, raising more than £125,000 in new income. Expenditure is carefully ccntrolled. Financial processes are in place to ensure that money is only spent according to budget, rigorous records are kept and any overspends are signed off by the Chief Executive or the Board depending on size. Key areas of spend that are kept under particular scrutiny are payroll. energy costs, catering and consumables, maintenance and repair contracts and IT and insurance. Management accounts are produced monthly and available for both the Finance Committee and Trustees lo scrutinise. A reduction in overheads exercise was undertaken in spring 2025 and has resulted in a reduced forecast expenditure for 2025-26. For 2025-26, we have also secured a higher percentage of our income ahead of time. meaning that we are "de-risked" compared to previous years. The Trustees have budgeted for a small surplus and are confident of achieving il. Investment powers and policy Under the Memorandum and Articles of Association. the charilable company has the power to make any investment which the Trustees see fit. Investmenls are made where required to further the aims and objectives of the Charity. As of 31 March 2025, the Charity does not hold any investments. Funds are held in three bank accounts {￿0 with Handelsbanken and one with Charity Bank) During the financial year. we used Handelsbanken's fixed term deposit facility on a number of occasion5. but as of 31 March 2025 there are no funds on fixed term deposit. Page 8 BARNET YOUTH ZONE {A Company Limited by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Reserves policy The charity holds reserves to ensure sustainability. The Trustees, policy is lo hold between four and nine months. operating expenditure in reserve, excluding designated and restricted funds, with a largel of six months. As of 31 March 2025, as disclosed in note 18, unrestricted funds were £589.243. The Trustees have decided to undesignated the strategic projects fund in order to have flexibility, and with further maintenance expenditure on the building that designated fund was £57.573 at year-end. Thus, general funds were £531,670. Unitas, operating expenditure for 2025126 is c. £1.7m, and as such unrestricted funds represent 4.2 months, expenditure and general funds (excluding designated funds) represent 3.75 monlhs. expenditure. Whilst this is al the lower bound of the Reserves Policy, Trustees are satisfied that, with the current level of resetves and a small surplus budget for the 2025-26 financial year approved, the policy is being mel. Going concern Trustees have carefully considered the key financial risks to Unitas, ability lo continue as a going concern as part of the overall risk management processes of the charity. Unitas. Risk Register is fully updated annually and kept under review by management and Trustee committees regularly. Trustees are aware that the level of deficit in 2024125 was large and has reduced reserves by approximately two months. worth of expenditure. The changes lo Employer's National Insurance and the above-inflalion increase lo the London Living Wage have also put pressure on Unitas, payroll costs. In March 2025, Trustees approved a restructure of the salaried team. resulting in the removal of four positions. This has reduced the salaried cost base substantially. Other savings and efficiencies were also agreed and are being implemented. Evidence from the first few payroll months of 2025126 is that the decrease in the salaried staffing bill is sustained. Full management accounts are produced each month. All expenditure is kept under review and is scrLttinised every two months al Finance Committee. This is also the first year in which the charity has a full fundraising and marketing team, and this was not reduced as part of the restructure. As such, along with the continued success al attracting new major donors and new processes implemented lo improve our applications made to trusts and foundations. the Trustees are confident that income in 2025126 will hil or exceed target. Therefore, the Trustees consider that the charity is a going concern and are Confident in the Youth Zone's ability to meet ils obligations for the coming financial year. Principal funding sources {and fundraising statement) Unitas is truly fortunate lo have the support of a group of Founder Patrons. These are individuals and corporate partners who are willing and able lo give al least £25,000 a year for three years. These provide the backbone of our fundraising campaign and our close relationship with them is key lo our continued fundraising success. We also receive financial support from some trusts and foundations {often for a specific piece of targeted workl. from local community groups who fundraise on our behalf and of individuals who give smaller amounts either regularly or through one off giving. For a charity of Unitas. size. our fundraising costs are low by industry standards and the 'return on investment" high,. this ensures that Unitas remains an allraclive prospect for donors. Alongside the other three London Youth Zones, we held out second crowdfunding campaign in March 2025. This exceeded our targets, raising more than £125,000 for Unitas, from over 550 individual donors. Unitas Youth Zone seeks lo adhere to the codes laid down by the Fundraising Regulator and has received zero complaints regarding our practices. We do not use Ihird-party services lo support our fundraising activity. We provide ongoing training and support for our fundraisers to ensure that individuals are engaged respectfully and with integrity. We do not embark upon mass fundraising campaigns, cold calling or streel-based collections. PLANS FOR FUTURE PERIODS Unitas undertook a strategic focus exercise in winter 20241spring 2025 in order to narrow down our objectives and have clarity and organisational alignment. The Trustees approved this new strategy for the period April 2025-Mar¢h 2027 al the Board meeting in March 2025. The new strategy has four strategic objectives.. Page 9 BARNET YOUTH ZONE IA Company Limited by Guarantee} TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 1} Increasin the number of oun eo le who attend - we want lo significantly increase the attendance of existing members whilst al the same lime altracling new members Outslandin ualil of delive we want Unitas, programming and youth work lo be engaging, relevant and creative Sustainable finance - we want lo increase our overall income whilst "de-risking. our fundraising Bein real lace to work and volunteer- we want lo create a supportive and engaging environment lo attract and relain high-quality paid staff and volunteers 21 31 41 Each of these objectives has a small number of KPIS that will be measured monthly, and a limelable for each quarter for implementation. There have already been a number of concrete initiatives launched to bring the strategy lo life, including establishing the People Committee, revamping our social media presence, a new focus on irnpacl stories and data capture and creating both a member journey and a delivery framework. PUBLIC BENEFIT AND VOLUNTEERS, CONTRIBUTION Public Benefit All the activities of the Charity (as summarised above) were undertaken lo further ils charitable purposes for public benefit. The provision of a high quality borough wide centre facility for young people responds lo a clear, on-going demand from young people, parents and wider communities for more and beller places for young people to go. Although providing a service lo all young people, Unitas Youth Zone will focus on allendance and participation by young members of disadvantaged communities who will be able lo enjoy affordable access lo all the opportunities that the facilities will provide. This will lead lo improved achievements and enhanced aspirations amongst young members of the local community. They will be happier. healthier and make more conslruclive use of the leisure lime which consequently will help reduce nuisance and anti social behaviour. Longer term public benefits will include improved health, reduced crime, enhanced learning and employability and greater communily cohesion. The Trustees have complied with the duly in section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission. Volunteers Throughout the period all members of the Board of Trustees have made invaluable voluntary contributions lo the Charity's work in terms of governance, professional and business experience. financial planning, fundraising and leading inilialives. Such contributions were, on average, equal to one full day per calendar month. We also, as mentioned above, benefit enormously from the support of other volunteers as well. TRUSTEES, RESPONSIBILITIES IN RELATION TO FINANCIAL STATEMENTS The Trustees (who are also the Directors of Barnel Youth Zone for the purpose of company lawl are responsible for preparing the Trustees. Annual Report and the financial statements in accordance wilh applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial year. which give a true and fair view of the state of affairs of the charitable company and of the income and expenditure. of the charitable company for that period. In preparing these financial statements, the Trustees are required to.. select suitable accounting policies and then apply them consistently. observe the methods and principles in the Charities SORP. make judgements and estimates that are reasonable and prudent. stale whether applicable UK Accounting Standards have been followed. subject to any material departures disclosed and explained in the financial stalemenls. prepare the financial statements on the going concern basis unless it is inappropriate lo presume that the charitable company will continue in business. Page 10 BARNET YOUTH ZONE (A Company Limited by Guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accLtra¢y al any lime the financial position of the charitable company and enable them lo ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence are taking reasonable steps for the prevention and detection of fraud and other irregularities. 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 Trustees in order lo rnake themselves aware of any relevant audit information and lo establish that the Charity's auditors are aware of that information. AUDITORS Crowe U.K. LLP were appointed as auditors in the year. A resolution lo reappoint Crowe U.K. LLP will be proposed al the Annual General Meeting. Approved by order the members the board of and signed on their behalf by.. Trustees on ZS *k-L Luis Stuart Levy Page 11 BARNET YOUTH ZONE (A Company Limited by Guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BARNET YOUTH ZONE Opinion We have audited the financial statements of Bamet Youth Zone (the 'charity') for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Slandards. including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, Iuniled Kingdom Generally Accepted Accounting Practice). In our opinion the financial stalemenls,. give a true and fair view of the slate of the charitable company's affairs as at 31 March 2025 and of ils incorning resources and application of resources, including its income and expenditure for the year then ended, have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with Inlernalional Standards on Auditing IUKI (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements seclion of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant lo our audit of the financial stalements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe Ihat the audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion. Concluslons relatlng to golng concern In auditing the financial statements, we have concluded that the Trustees, use of the going concern basis of acGounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or condilicns that, individually or collectively, may cast significant doubl on the charitable company's ability lo continue as a going concern for a period of at least ￿e1ve month5 from when the financial statements are authorised for issue. Our re5ponsibilitie5 and Ihe responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report. Page 12 BARNET YOUTH ZONE (A Company Limited by Guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BARNET YOUTH ZONE ICONTINUED) Other information The other information comprises the infomiation included in the Annual Report other than the financial slalements and our Auditor's Report thereon. The Trustees are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except lo the extent otheNise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so. consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misslalements, we are required to determine whether this gives rise to a material mi5Statement in the financial slalements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of thi5 Other information, we are required to report that fact. We have nothing to report in this regard. Oplnion on olher matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the Trustees, Report for the financial year for which the financial slalements are prepared is consistent with the financial statements. the Trustees. Report has been prepared in accordanc8 With applicable legal requirements Matters on which we are required to report by exceptlon In the light of our knowledge and understanding of the charitable Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Truslees. Report. We have nothing lo report in respect of the following matters in relation lo which Companie5 Act 2006 requires us to r8POrt to you if, in our opinion. adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us.. or the financial slatemenls are not in agreement with the accounting records and returns, or certain disclosures of Trustees, remuneration specified by law are not made,. or we have not received all the information and explanations we require for our audit. Responsibilities of trustees As explained more fully in the Trustees. Responsibilities Statement, the Trustees (who are also the directors of the charitable company for the puiposes of company law> are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary lo enable the preparation of financial statements that are free from material mi5Statemenl, whether due to ffaud or error. In preparing the financial statements, the Trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters relaled to going concern and using the going concern basis of accounling unless the Trustees eilher intend to liquidale the charitable company or lo cease operations. or have no realistic alternative but lo do 50. Page 13 BARNET YOUTH ZONE (A Company Limited by Guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BARNET YOUTH ZONE (CONTINUED) Auditor's responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatemenl, whether due lo fraud or error, and lo issue an Auditor's Report that includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit conducted in accordance with ISAS (UK) will aknjays detect a material misstalemenl when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected lo influènce the economic decisions of users taken on the basis of these financial stalemenls. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstalemenls in respect of irregularities, including fraud. The extent to which our prO￿dureS are capable of detecting irregularities, including fraud is detailed below, We obtained an understanding of the legal and regulatory frameworks within which the company operates, focusing on those laws and regulations that have a direct effect on the determination of malerial amounts and disclosures in the financial statements. The laws and regulations we considered in this context were the Companies Acl 2006, Charities Act 2011 and employment lax legislation. We identified areas of laws and regulations that could reasonably be expected lo have a material effect on the financial statements from our sector experience, through discussion wilh the Directors. and from inspection of the Companys board minutes and legal and regulalory correspondence, We discussed the policies and procedures regarding compliance with laws and regulations with the Chief Executive Officer., We assessed the susceptibility of the financial stalements to material misstatement, including how fraud might occur, by meeting with management from relevant parts of the business lo understand where management considered there was a susceptibility to fraud. We also considered the potential for management lo manag8 earnin9s and influence the perceptions of the financial statements. Vve identified the greatesl risk of material impact on the financial statements from irregularities, including fraud, lo be the override of controls by management and completeness of income through the timing of recognition of income. Audit procedures performed by the engagement team included.. Evaluation of the design of controls established to address the risks related to malerial irregularities in the financial statements,. testing manual journal enlries, in particular journal entries relating lo management estimates and entries determined lo be large or relating to non-rouline transactions. Evaluation of income recognition policies and any judgements made around income recognition., reviewing the income 5yStem for significant deficiencies or susceptibility to fraud- Making enquiries of management, Review of minutes of board meetings throughout the period., Our audit procedures were designed lo respond to risks of material misstatement in the financial slatemenls, recognising Ihal the risk of not detecting a material misslalement due lo fraud is higher than the risk of not delecling one resulting from error, as fraud may Involve deliberate concealment by, for example, forgery, misrepresentations or through collusiorb. There are inherent limitations in the audit procedures performed and the further removed non NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 11. Analysis of expenditure by activities (Gontinued) Analysis of direct costs Icontinuedl Young People 2024 Total fuilds 2024 Staff costs Depreciation Olher Staffing Cost5 Delivery Costs 1, 090, 990 19,907 36,568 85,561 1.090,990 19,907 36,568 85,561 1,233,020 1, 233, 020 Analysis of support costs Young People 202S Total funds 2025 Depreciation Management Cosls Premises Costs 127,811 143,278 121.374 127,811 143,278 121,374 392,463 392,463 Yoiing Peoplp 2024 Tot81 funds 2024 Depreciation Management Costs Premises Costs 129, 138 136,117 7 18,043 129, 138 136,117 118,043 383,298 383,298 Page 27 BARNET YOUTH ZONE IA Company Limited by Guaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 12. Auditor's remuneration 2025 2024 Fees payable lo the Charity's audilor for the audit of the Charity'5 annual accounts 7,350 7,000 Fees payable to the Charity's auditor in respect of- All non-audit services not included above 1,400 1,320 13. Staff costs 2025 2024 Wages and salaries Soci81 security costs Contribution lo defined contribution pension schemes 1,118,502 74,512 16,804 1.013,842 62, 420 14, 728 1,209,818 7. 090. 990 Included in Staff Costs for the year w8s a settlement payment of £2.800. The average number of persons employed by the Charity during the year was as follows.. 2025 2024 No. Youth Zone 101 98 The number of employees whose employee benefits (excluding employer pension costs} exceeded £60,000 was.. 2025 No. 2024 No. In the band £60,001 - £70.000 In the band £70,001 £80.000 The aggregate remuneralion of the Key Management Personnel, which comprises of the Chief Executive, Head of HR and Operations, Head of Youth Work and Director of Fundraising, totalled £236,409 {2024.' £210,535). In Ihe current reporting period, three of these positions were filled for the full year and one was only filled for part of the year. 14. Trustees. remuneration and expenses During the year, no Trustees received any remuneration or other benefits (2024 - £NIL). Page 28 BARNET YOUTH ZONE {A Company Limited by Guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 14. Trustees. remuneration and expenses (Goritinued During the year ended 31 March 2025, no Trustee expenses have been incurred (2024- £NIL). 15. Tangible fixed assets Freehold property Motor Flxtures and vehicles fittings Computer equipment Total Cost or valuation Al 1 April 2024 Additions 6,218,530 24,950 228,460 83,453 1,813 6,555,393 1,813 At 31 March 2025 6.218.530 24,950 228,460 85,266 6,557,206 Depreciation Al 1 April 2024 Charge for the year 584,853 124,371 22,869 2,081 220,549 5,353 77,428 3,440 905,699 135.245 Al 31 March 2025 709,224 24,950 225,902 80,868 1,040,944 Net book value At 31 March 2025 5,509,306 2,558 4,398 5,516,262 Al 31 Ma￿h 2024 5,633.677 2.081 7,911 6.025 5. 649, 694 16. Debtors 2025 2024 Due within one year Trade debtors Prepayments and acGrued income 22,604 151.927 43,480 6,978 174,531 50,458 Page 29 BARNET YOUTH ZONE IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 17. Creditors: Amounts falling due within one year 2025 2024 Trade creditors Other taxation and social security Other creditors Accruals and deferred income 181.238 32,047 89,129 20.090 14,033 27,090 69, 495 (6. 790) 322,504 103, 828 Page 30 BARNET YOUTH ZONE (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 18. Slatement of funds Statement of funds - current year Balance at 31 March 2025 Balance at 1 April 2024 Transfers inlout Income Expenditure Unrestricted funds Designated funds Building fund Strategic projects 103,000 150,000 (45.427) 57,573 1150,000 253,000 (45,4271 1150.000) S7,573 General funds General Funds 732,053 1,076,295 (1,556,953) 280,275 531,670 Total Unrestricted funds 985,053 1,076,295 (1,602,380) 130,27S 589,243 Restricted funds Fixed assets Jack Pelchey- Achievement Awards Sony Music Project 202312024 Onside- Burberry Inspire Projecl Onside- Impact Fund Phase 2 Cadenl Grant Inspire Youth Zone Barratt Foundation via Onside Field Consulting LtdlEdgware community funds HAF (Young Barnel Foundalion) Space2Grow.Menlal Health 25- 26 YoungBarnelFoundation ABC - Boxing project Jarllie MOF cooking course- Training Kitchen FiredUp4- Pottery Kiln (Arts & Crafts) 5,649,693 {133,431) 5,516,262 5,830 18,100 8,100 (3,813) 118,100) 10,117 20,000 62,917 120,000 132,808 33,069 63,178 34,125 14,250 134,125 114,250 3,000 (3,000> 14,501 114,501 6,695 2.407 6,695 (3,225) (2,338) 3,156 66 (66 10,000 {10,000 Page 31 BARNET YOUTH ZONE (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 18. Statement of funds {continued) Statement of funds - current year (continued) Balance al 31 March 202S Balance at 1 April 2024 Transfers injout Income Expenditure 5,703,467 176,061 1153,0011 1130.275) 5,596.252 Total of funds 6,688,520 1,252,356 (1,755,381) 6,185,495 Restricted Funds Jack Petchey Achievement Awards - awards to oulslanding members of the Youth Zone in payments of £300. The young person is able lo decide how best to spend the funds on resources for the benefit of the Youth Zone Sony Music Project - the final payment for the previous round of the Sony Music Project, that ran in 2022123 Ilhe renewed funding is below) FiredUp4 - Pottery Kiln (Arts & Crafts) funding to build the necessary infrastructure to start a clay and pottery provision. and lo fund some of the slaffing costs as50cialed with it Onside Struggling households funding provided via Onside to provide necessities (eg toiletries and sanitary products) to families of our members who are struggling financially Sony Music 23124 - funding to support one-to-one work between music specialist youth workers and young people with a talent for music {vocals, instruments or music recording and production), culminating in a showcase event in summer 2024 Onside - Burberry Inspire Project - funding provided via Onside from Burberry lo support three arts projects Onside Impact Fund Phase 2 - funding from the Onside Foundation Impact Fund lo support the employment costs of two fundraising staff ABC - Boxing project- our England Boxing-affiliated Amateur Boxing Club Jamie MOF Cooking course - Training Kitchen a specific projecl in our Training Kitchen lo teach young people to cook in partnership with the Jamie Oliver Ministry of Food programme Cadent Grant Inspire Youth Zone - funding to promote energy efficiency, provide 2 warm hub for older people on a Wednesday and give out information about joining the Priority Services Register Barratt Foundation via Onside funding provided via Onside lo support wellbeing and nutrition programmes Field Consulting LtdlEd9ware Community Fund - funding lo support our employabilily offer HAF (Young Barnet Foundationl- funding lo provide free places on our Holiday Clubs to young people who are entitled to means-le51ed free school meals Space2Grow Mental Health 25-26 Young Barnet Foundation provision for young people funding to support our mental health Designated Funds We have two designated funds. The first has been created specifically for maintaining the facility of the Charity. The second will specifically be allocated to new projects arising out of our 2023-2026 Strategy. The Trustees have decided to undesignate the latter fund. Page 32 BARNET YOUTH ZONE (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 18. Statement of funds (continued) Statement of funds - prior year Balance al 31 March 2024 Balance al l Apnl 2023 Transfers in/oiil Income Expenditur8 Unrestricted funds Designated funds Building fund Strategic projects 750,000 (47, 000) 103, 000 150, 000 150. 000 150,000 (47,000) 750,000 253,000 General funds General Funds 991,063 1, 195,404 {1,447,085) (7,329) 732,053 Total Unrestricted funds 1. 141,063 1, 195,404 (1,494,085) 142.671 985,053 Restricted funds Fixed assets Hobson Charity Jack Petchey- Achievemenl Awards Sony Music Projecl 202312024 Onside - Burberry Inspire Project Onside- Impacl Fund Phase 2 Cadent Grant Inspire Youth Zone 5. 792, 364 (142, 671) 5. 649, 693 {5,000) 8,495 2, 700 4, 000 (5, 365) (4, 000) 5, 830 340 9,647 (340) {8, 7 75) (1.472) (7, 292) (942) 2,500 3,458 {1,208) (2,516) Bairalt Foundation via Onside Field Consulting LldlEdgware communily funds HAF {Young Barnel Foundation) Space2Grow.Mental Health 25- 26 YoungBarnetFoundalion ABC - Boxing project Jamie MOF cooking course- Training Kitchen 648 (648) 6, 208 (6,208) 36.200 17.500 (18.100) (17.500) 18.100 72.803 (72.803) Page 33 BARNET YOUTH ZONE (A Company Limited by Guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 18. Statement of funds (continued) Statement of funds - prior year {continued) Balance al 31 March 2024 Balarpce al 1 April 2023 Transfers inloul Income Exp8nditure FiredUp4- Pottery Kiln (Arts & Crafts} Bally Thomas Charitable Trust ABC Boxing project Jamie MOF cooking course- Training Kitchen 41,384 5, 000 989 (8.375) (5, 000) (4,214) 33,069 (3. 225) 359 (359) 5,797, 153 208, 736 (159, 751) (142.677) 5, 703,467 Total of funds 6.938,216 1.404, 140 (1.653.836) 6, 688, 520 19. Analysis of net assets between funds Analysls of net assets between funds - current year Unrestricled Restricted funds funds 2025 2025 Total funds 2025 Tangible fixed assets Current assets Credilors due wilhin one year Difference 5,516,262 76,834 5,516,262 991.737 1322,5041 914,903 (322,504} (3,156} 3,156 Total 589,243 5.596,252 6,185,495 Page 34 BARNET YOUTH ZONE (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 19. Analysis of net assets between funds (continued} Analysis of net assets between funds - prior year Unreslricted fvnds 2024 Restricled funcls 2024 Total fiinds 2024 Tangible fixed assets Current assets Cr8dilors due within one year 5.649. 694 53, 773 5. 649. 694 1, 142, 654 (703. 828) 1.088. 881 (103, 828) Total 985.053 5, 703,467 6. 688, 520 20. Reconclllatlon of net movement In funds to net cash flow from operatlng activities 2026 2024 Nel expenditure for the year las per Statement of Financial Activities> (503,0251 (249,696) Adjustments for: Depreciation charges Dividends, interests and rents fiom investments (In¢reasellDecrease in debtors IncreasellDecrease) in creditors 135,245 {21,663) 1124,073) 218,676 149,037 (18, 758) 735,317 (87, 652) Net cash used in operating activities {294,8401 (71, 152) 21. Analysls of cash and cash equlvalenls 2025 2024 Cash in hand 817,206 1.092, 196 Total cash and cash equivalents 817,206 1.092, Y96 Page 35 BARNET YOUTH ZONE IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 22. Analysis of changes in net debt At 1 April 2024 Cash flows At 31 March 2025 Cash al bank and in hand 1,092.196 (274,990) 817,206 1,092,196 1274.990) 817,206 23. Pension Commitments The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the company lo the fund and amounted to £16.804 {2024.. £14,728). 24. Related party transactions During the prior year the charity purchased staff uniforms from Regatta, a company in which a Trustee was director. This Trustee stepped down as a Trustee of Barnel Youth Zone in the prior year. The transactions lolalled £1,620 for the year ended 31 March 2024 and no amount was owed as at 31 March 2024. There were no related party transactions in this financial year. Page 36