Company no: Charty no.. 11303137 1179712 Empower Youth Zones fornierty Manthtster Youth Zone- East Trustees. Report and Financial Statements For the year ended 31 March 2023 •ACffj7YZ4• 1&111r2023 CCWAPANIES HOUSÉ EMPOWER SAIFQAD HIDE OUT AnOnSideYouth Zone
Empower Youth Zones Trustees, Report and Finantial Statements For the'year ended 31 March Z023 TRUSTEES, REP WHO WE ARE SVRATEGICAEP(¥RT 2.1 Objetts and actiwties 2.2 Achievment5 durlwthe perfod 2.3 Financial re¥iew 2.4 Aisk Management 2.5 Principal Fundin¢ Str£$ ind FdlntS1alerrt 2.6 ReseThes Polity 2.7 Investmtnt Policy 2.8 Fuiwe Plans & Co¥id Aeco¥ery SOlINANcE 3.1 Releren¢e and admini5tratNe detai15 3.2 Structure, 8ovefflanceand manaÉement 3.3 Vdunteerf cvntributicrfb 3.4 Public benefit 3.5 statement01Tstes. feSpDnbIIrt io FIIIAPICIALSTATEMEI(fS li 14 Balarfe she 15 Slatemem ol ¢ashllw*s 16 17
Empower Youth Zones P38e 2 Trustees. Report and Financial Statefflents lindtsdinl Strate8le Report) For the year ended 31 March 2023 The Tfustees Iwho are also the Dirertors fly the purpDse of Compafiy Lawl have eaSure ID presentiftg thwr annual report aod the financial sratements for the vear ended 31 Marth 2023. TheTrvstees have adopted the provig0ft5 ofthe Staternerlt of Retommendetl Prallice 150RPI "Accoyntiw #nd RtWtin8 by charl$- IFRS 1021 in preparin8 ihe annual report and rinandal sratements ofthe Charlty- I WHOWE ARE Empower Youth Zune8 OPErates wwseuilr fa(ilities for Ainthesrer Ind SaWord'¥ y¢)ung peopbÈ a¢ed 8- 19. to 25 forth05e th addibvnal needs. The 'NideOuV Youth Zone Site 15 located IWe Rvad in G<fvn. Manthe#er and offioalty Oper its doNs in Seoembei ZOZQ. A 0nd youth zone operated by Empor ts duÈto open in earw Z025. Empower Youth Zones is part of è network of Similar independènt uth orwlsati¢)hs that all share the Same prI{PIeS eveloped by the charity Onside Youth Zones IRe8 No.. 11258931. The Youth Zones proNide a safe en¥ironmeAt. where young people fan spend their lewre time, he¢pinB eath younE person to rnise their aspifaiiwts as well as irnprove their physlcal and menial health. Vp w io different actr#it$ 11 take pL%e ea¢h nl8ht. kncludI fc•xball, bo¥in& dandn& dSmbin& creaJwe 3ry5, fflu5K, dr4ma and ernoYabll1tytraII8-4II lorjust 5(ty) pei ¥isrti ¥tslon that Children and Young Pttplt in Man(lsieT and Satrd we In5plred to heathy. Ppy, safe succe5slul INe> Out mlMSon is to enswe Hideout Youth chiklren and YC4 people with someere safe to 80. somdhln8 posibve to do and sore¥Sted tot•lkto. To realise this ¥ion, Hideout YouthZL haSWoed towa$4 straiegK8oals in 2022123.. I. YOUNG PEOPiE- prOdE the h1OhqUality offerfor all thildren •ndyoung people 2. IWRPEOPLE. eecome an empknyerof choicets bOthe$11Th8 and potential new employee5 3. SUSTAIWABIUn.Achw4e I0er terrn anCl security alknwsvs to be ambrf¢iou5and pl•n confidenty into the futur 4. REPUTATIIJ14.I stakeholdws are awar*of TrltoUrS impact ahd successes
Empower Youth Zone5 Trusiees. Report ènd Financial Statement5 liDcludinE Strate%ic Report1 Fov the year ended 31 Maich 2023 Pale 3 2 TEGIc REPORT Empower Yo¢Jth Zw's tharitsble obiErts are to help and educate children and yow people rdeI in the Cities of Manthester. Salford and surroundlng areas thrwh thtir •Srtme xlilIeS by promo¢iTr8 th•f full physical and spiritual potenuèl in order thai they r¥ 8row to maturity as indMduJls and mErnbets ol Society and their ¢1110Th5 of life may improve. 11 Athl•wmwts dyrh¥thpethd In 2022123 the ChrW$ maln4thie¥emwts induded: Securityt £16.3m towards a new Ywth lone in Salfwd. be the first time in the Onside Metwork that a nale ytrJth zwe Charity wll operate 2 y¢wrh ie5. As è resuli, the Ch¥ity le8alty than#ed its name to Empower Youth Zones and the Charity CJetts to indude th¢ of Salford. The MLY of Capital and Revehuè hJndin8 was secured wa exist4w major capital th)nty Fred tsono. Samord tsty Council and IhE final capital fundinw wa5 sere viè the DCMS Youth In¥esrrnent Fund. Growing our ffmbership ol thIren youry PEople to over f. with ¢Jver 3CKiJ beir in the pasi 12 months. 44% of these identifd as feffia vs $6% male. 18X hlentthtd as hawne addrtwnal Deeds. 90% are Irom ihe lop 20% most deprNed communities in the UK a5 perthe IMD ¥ankihg$175Xa¢e in the top lO%I. Prtividin¢ on avera$e over 41W mea15 per week wih a totsl of just o¥er 20.LK) across the ar. 45.X of these meals wtrt provided at no cost forsome ofour 7wITheraWe thihlren and youn8 people on free 5th001 rnÈals. launchin8 as a te of EdintrMJrth lice¢¢ £etytre 96 your people compleu.re their Certbficate of Athievement yth 22 completin8 theirlull Brtn2e award. Gro¥Ming our partnershy offer the yEar wovknng with oveT 25 kKal partneTS across muslc. art, sports, erno¥ment and health. Thwe partnership5 continue to irow and enhance the offer and ueats fvrther parhway5 for chlldren and youn8 peopleattendin8 the Youth Zone. Fxllt1rn8 13 weeks of school holthy prty1Y over 41 Staff and Volunteer5 Contrib1$ to 65 artIlIeS, 2861 visits were recorded writh over 41AX) hot meaL% pro4h4ed duri the schod holidays 5UPPOrted via 'Moliday Activity Fuhd'grants. Becomin8 a Aeal Lwirl Wa8e Empb•Yr. 14urKhin¥ a new. stall aThJ 08n111 and Eryloyee A55i5tsn Pro8ramme. 8einÈ acuedfted as a Supporterf of the Greater McheSter Good Employmerrt (harterto support our strattyc aim ofbecoming and emwoyer of choice. Providin¢ 144fomial training opptrtunitres to stsft andTS. includinga newyoun¢ leaders pro$rnmmÈ. WinninB our first tvtr 3 awards in 2022.. The Duke of Edinburyh NW challenge Award, the Spirrr of M3nthestrr Tacklin4 Inequalits ar promotiry OibNty Award and the Manthester Be Proud Award- Or8ani5aiiQn gf theyear. Hosting our second Annual Patrons DinThr with ovef gj pairons arwj supportws attending. The evening w45 completely led byyoung wople frorn the MCth05¢ thet3tttin& pertormèrttes. tOUfS. ke¥note speakers etc.
Empower Youth Zones PaÉe 4 Truslees. Report and Finèntial Statements linduding Strategic Report) For the year ended 31 March 2023 13 Flhatxll rthlew Asummary of the re5 is shoMI beknw.. 2021 Incomin8 re50urce5 Ouwin8 re50urce5 I64 1.396,263 IIAIg.7061 11,125.3381 Net Incoming re50w¢es Ibofore inVestnty1ns and k)5Stsl Z46.158 270,925 Intomt lo¥ the year was £1.665W1202?.. fl.396.2631. Patron wKornt linduthr Grft for the year totalled £761.592 12022.. £744.4931 and £200.CW12022". E2CAI,rKJi ¥A5 recwved from maeSter City Coutsol towards the ty)Éoing running eosts of the Chkn. Ourtn8 the ye•r £133.3BI12022= £151.0621 wa5 recewed in the fom) of Grants includlng £59.934 from the Holiday Acii¥ity and Food IHAFI pro8ramme to provide free meals and atliwty duiiw holKlty periods for youne people on FreeSth00l Meab. Expenditure for ¥r irKr¢45ed to £1,419,7C% 12022.. £1.125.3381. wtth £849,669 12012". E711.9601 being spent on Saries. This wassty11 le55than thttyi8irl budg due io vacanties. Utility Costs irKreased to £102.22912022.. £42,416). Atthe eThJ of the perhjd Unrestritted Ruer¥r5wve£3.636.05012022. £3.483.287). 14 $kMa1baEemtht The Trustees have cOndered the major risks to whh the 15 exposed Jnd have e5tsbli5hed suitablt risk mana8ement and control procedures. At pteseni the primary rtsks thntif4 relet0.. FuNlrai5iw- i51n8 the number of and maintsining a h4gh-guality steward$hip exper%nry with exi5tini Patrons remains 3 hiBh ii5k due to Raps ID tyjr Fmdrar5AIR Team. The appomilrrent of ow Director of FundraiNn8and (ommswll hdpto this risk sta1h and Operailw- relaM8 to reCrtInEn( rettnthtin Ind devekwment of key dekvery stsff and ¥olunieers as weu as operai0Ths Rt8ulatory Risk is the reS51b1lY of the CEO. Adrnirl Many and 8uil(lin8 and FaiilÈtie5 Mènaler who manage Hea5th and Safety. Fire and other statutory ik5k area5. The CEO ha5 dvelDped 3 fill rtsk iwmer including mitrfalloTh and contrd measures shared re8ulartywiih ihe bwd. 2.S Prirwal Fundiw Sourctsahd FundraWb¥St•teme The Directors wish to reccrd their thanks to Mr Fred Done ar Manchester city Counul IMCCI lor thelrorednl 5UPPOrt to the Charity. The Dirertors tmnk thelollowing iThJiyMJuals and bvsine55es wh(t the 1150 pled8ed to support the revenue ampaign (ln 20221231,. Transfom)in8 Li, ANS Group. Paul Shanr)n. Godel Technolo85, Theo Paphit15 Foundatiun. Brun00d. The JD FtyJnd•tion. Beyond Cwporète and the This Is M•Ththwer Atard5. Ste¥e MalDne and farn1, Robb Har8reaTrs #nd farnity. One Manthesier, Erf Wriehl. Twher Mow. AO Fwndation. MIS0 Mar5. Houlihan Lokey, David M Robinson Itd, Anthony Motiowlopen Money. Lendlease. Penelope Cheshire FoUndatTr. Onside Foundatioh. The Manchesler Ball. MbrIdge. lfiljexim. EWIOr. ATPI Group. Raheem 5terfing Fwrbdation. SLS. Zochonis Ch¥itèble Tntst. Salford City CouThril. The fvndraising priorty thi$ ye¥ h$ tohtirwjed to ftw on HHleorfs pa Carnpatgn Yth a ¥iew fQ dfversilwni th¢ income portfdio. To support thi5 a phiLinthrDPy Manaier and a Grants Trusrs Mana8er were recruited. A further prionty wa5 gi¥en to the Capital campai¢h for Salford Youth Zone. ThL% campat8n h45 now ended and the Founder Patr¢nlRevenue mplISn 15 due to kunth in mid 2023. The CbaiiVs ih"rertor of Fyndrai5in8 and CommunicaOn5 wors losely with the CEO and Ch3ir ol Empower Youth Ztyies to ac and monitor perform•nce reL4fjn8 to thls campai8n rhrou8h a Fundraisin8 Sub Board Cornmittet. Empower yOh Zones Li wtsieied the Fundraisin8 Re8ulaior and cornpls ihe Fundraiwn8Code of Practise. The Charity d( nDt Use external fundwaisews and there Iwe been no c(ffiplaints madE to the Charty about its lundraisinB method5.
Empower Youth Zones Pa8e 5 Tiustees. Report and Financial Slatements linthding strateg Report) For th¢ year ended 31 March 2023 Iffj Reservts Polkv The Board Of TrUee$ of EmpoerYouth lone5 hase5oWt5he4 a w1lKywPth appr•pr+atdy reflects the rlsks to whith the Charity is eNposed. The cuvrtnt appropriate reserve nnEe tsdetefmffled byconsiderinB: The current le¥el ol planned eupwdityre and the conknrgendEs hi8hliBhied belDW. The at)nual expenditure Is turrently cir£a £l.Sm pet annum. Thi5 also ryeate a of re5eTh%5 that (ouhg be invested io Renerate tonsiderable amounts of Val inrne from these inve5trnent ptfOlIO5 to reduce rdkinte short temi funding Specific desi8n2d torbtinitftc The Trtte$ wil consider ¥ariou5 rfsks that 11 Iiiw the approprfate I1 ol reserves to hok4, these currentlyinclude.. year 4 risV- As a new Youth Zw< many Founder Patrons have pkd8ed a 4.year commitment with many ol Ihese I1 ¢offlmrtrnents due to ewre ai the same time. While the Trustees hope that èll Founder Patror15 wfjll contynue their Sup, io rewnise the risk that not all are able to in ihe cuNeDt economic dlmate and ro ensure there is rne wsecure replacernerbt fundin& the Trustees wh to hokj a specift COnLiwency felated to this risk Th15 reserve is calcuLited a5 multiple of Fovnder Patrons that a due to renèw each year. and ih15 an be amEnded as Founder Patrons comftwi bmd their inityal terni. andl¢y •$ the rb5k of future rbQn- commirment chan8e5. The Tntstees curr1 Iwsh io hdd a designated reserve of £S(X)k agonSt this risK equatit0 12 Ftyder P•tron •ftsof E25L plus £Z(•3kinannI pledged support from thè Lotsl Authorty. Cra1 re5eNe- The TrLthees apprEti¥te that as a rw Youth Zone ihe current capitsl equlwenr thar Installed in theyouth Zone is oIAn excelknt 51andard. In order to mainrainihat standard, Ihe Tru5tee5 bef1 that a des¥nated cawal reserve 5houh1 be held. to be calw up io isure that afiy equipment that 15 in need of repair o¥ replacement t8n be done so on a tinty bays and to the deOred standard. The leyd of th15 reseThe w1 be fe8ularty rewed. The Trustees curTentty leel that a dwnated capital re5Erve of £250k Is ppropriate. Gerberal contin8enty. The Trustees cutyent4T feel a 8ener¥l reserye 01 £37Sk to Cler a minwnurn 013 months operatsn8 costs is appropiiatt. Given the aloTementioned resevve requirerner. tht Trustees believe thai total reser m a rnnge ol £1.5rn to £4.125m is appropriate. Thi5 wll beeWed atlea510nts per•)nw by Ihe Twsttts. L7 InestmentPoll¢y Under the memoranduffl and art¥les of a5socvaiKffi. the thaiitable compaty has the ky)wer io make any investment %thich the Tiusiees see fil. Investmenrsare rnade7hefe reqvired tofurtherthe aims and objects olthecharity. In 2022123 Hideout Youth Zor* continued to hold investment portfoli05 totsllin8 £2,559.216 Brewin Dolghin and Goldentree Financial Sernces Ptc. The tharity holds 3 investment portfdi05 acr055 both or¥anisatn$ 12 with Brewin Oolphin and l With GoldenTreel and asai 31st Mwth 2022 thevalue of the In¥e51rrI was É2.660,$81.
Empower Youth Zones PaÉe 6 Tru5tees' Report and FiMntièl siatements linduding Strate¢ic Report) For the year ended 31 March 2023 2J Fulure Plwu& Co¥ld Re¢v Goin8 into 2023n4 have J¢be0 our nv straie8ic plan ¥thith Mbill See us contiTh to WOTk towards our 4 sirare8K oblert'. YOUP46 PÉOPLE. PrOde the huhe5144ualityollw fNallttMId YOU Kf WÈwill.. 8uild on tyjr Duke of Edinb[h p¥o8FaThme tooflercertificates of achiv¥ement. brmzeand 9er awards. Maintain membefship of 15yrbB People. Deliver at least9 weeks o15(hool hOl1V pro¥i5ion durin8the dty1h upto SO plates offered freeforthose on FSM. Continue to wovk 4wth partners io maintsin and integrated and engaging offer. Build on tyjr strattyt positon with reEardsto hxal parther5hipand sale¥uardingforum OUR PEQPlf . Bewm¢an thoice both potent newernpbyee5 We will= Pro8ress to a'Meml)rf oftheGM Good Emp)1 charter. Facilitateat a$r i all staff and ¥dunteerval51d0Prnefvl days. Celebrate and promoie ourselves as a new Atal Li¥iTr8Wa8e Emplryei. Tr•nsition all staff over to newsalary Pafvale and bandin8 System. Offer * least Z stafflvdunteers a kver 2 youth wrk gualificiorb. pport at tast 2 staff io£omplete managernenttrainir SUSTAIPIABiufi - Athl hin8er temi firla1 swity thith amtyws u5 10 be aMboUS plan tonfidehtty into the luture We 411.. Add capacity ty recrurf(iry to tht lrnI Fundwif team to de. coffffiurHty. corporate and a sertr Philanthropy Manager. Establlsh a 3 year income generation Stratw. Maithtaln and 8rowthe current Patron 5UPPDrterwthw. Lauthth the Founder Pavon Campaign for Salford Youth Zont. Seeuie ongtyng revenue commfftrtfrorn LcKal •thorrtyfOTlurther3 >avs mithlmum. REPUfAT1014- Ai stakeholdws are awareof HideQ¥fs impactarKI 511tcesses We 11.. E5tsblish youth- communicat)Ds markeiiro (elthies wn8 peOP's5u(ce55e5 & achipvtmehts. 5e¢ur¢ 1-2 rnedia opportuThities exh month. Plan and delNer at least 4youth led tèmpaiensthat ele¥atetrK Grow lollowin& interadionsand n848erneNts atfOSS all $0(ial media ptsrformsvi•weted and 8eneric commynxatKffl G4mpa¥ns. Secure4-5 Award norninaiions. LFOAO YOUTH ZONt Securin8 plannin8 permiwty) from the Lwal Authmto develop thewuth zone centralSalloTd. stsrt de¥0Pment on site bvQ3 2023. Establishin8 a youn8 people's grovp that trAII support the inter#?r des*n of the centre, Ihe brnhd developmentand namin& retruthent of the senlof leadership trarn and •ct 4$ ambas5ador5 at publicevents. Launch Founder Patron revenue campaw in Q2 2023.
Empower Youth Zones Pa8t 7 Trurtees, Report and Finantial statements IllUdinB Strategic Report) For the year ended 31 M¥r¢h 2013 3 GO¥ERNAMCE 3.1 R•11¢ detslls Empower Vovth Zohes was incorporated on 13 Apn"12018 Icornwn¥ reeiratIOn number.. 113091371 as a cornpany limited bv¢varanteed rets¢1 as a tharrtyon 19 ALWA 2018 lth¥ityre8isrr•tiDn nber.. 11797121. TrndinE Iiames Empower Yotsth Zones Hideout Youth Zone Salford Youth Zane Relistered ollke l Queen's Avenue Manthester M12 SPX The Directrffs and Truskes Ofthectharltywt sefftd thJrAVdihe ped and we. J Whittaker P Xiw5zanWA T Pepper J M35raff P MedlKott Sheikh V 8raddoc* l Atkin$ chCetIti A Farrlcker Audltor Michael Garrttt FCA Xe4nadin Audit Limited IIYJ BarbirdliSqu•rE Manthe5ter M2 38D outh Jarbkers Handekbanken Manch25ter spinninId5 Branth 4th Floor. 15 Qutystieet Manchesier M3 3HN Bardays I Churthill Place London E14 SHP
Empower Youth Zones Pa¢e8 Trustees. Report and Financial S¢oternent5 (includin¥ Stratetlr Reportl Fo¥ the year ended 31 March 2023 Empower Youth Zones is a wnpany limited by 8varantee Mth(¥rt share capital and re¥i5tered undEr tht Companies Aci 1985. re8tratn nufflber 11309137. The company i4 8o¥erned by its Memur4ndum and ArticlE5 of A550tlabon dated 21 Marth ZOIB and updated in January 2023. Manapmeni of the eomparfs affairs 15 ¥Sted in the Direttois. It Is a Charlty registered %wth the Charity Commison on 29 Aulust 2018. In the event af a windin8-up. the present membets and those Twho ceased io be a meftknr thIN one year ol such an Èvent h¥vt8uar¥nteed the liabilities of thetompanytotrstMn notexceedineien UndStaCh. The first Pirertois thrie the wb5cribers to the memoTrndurn a5 notified tu Cofflwie5 House as the first Direttcs of the harity. A person appTrted a5 a Directo¥ thereupDn becomes • Member of the (harlty and a Direttor who teases to hold olfice for any reason thweupon ceases to be a Membtr ol the Charity. DIrecr$ have the power to aPPOffil, by Ordary re501ution. any person to bE a Director who is willingto att as suth. New Threttors wryll be feuiiited actordin8 10 the needs of the Charity and ihe sulUblty of powbk tandthie& A unanimous approval of eAistww Dire(tors would lead io their appDintm?nt. The Me{randU Artides of AssocrdtK)n states that the number of Meffibe ItXreuor51 shall have no m0MM and shall not be less than thrtt. At the Anrtual Gweral MewiTh8 all lre(r5 mu# •re and seek relect•on. At each 5ubsequetyt Atyrwal General MeinÉtyie thrd of the Directors a reqviled to retire by rOtsin and seek re.appiintment il theywish totontlnue. The Members of the Charity are rls Lhretttirs forthE time the pèrsons tIknb to bÈ Members of the Char are ts Directors. Full detai15 of the rules are ¢ontsined in th¢c¢¥rpanrfs Memorandum and ArtKles of AssrKiatir, datedon incorpor•tiah on Zl Marth 2018. whith may be iPeCted at the Empoweryouth lor5 rewtered oifKe. I twstees receNe a full Indvrt4w and irainlng i$1¥ of. safe8uardiw risk mana8ernenL fundriisin& rolt of a trustee and sustalnabllity ahead of formal app¢ynrmenL All kev polici, the organisaw 5trUrture and of a5CIation ale shared. Tralnin8 and de¥dopment ned5 are rEewed at amu and a5 and therb any Itee5 are appoirted oi Empower Ytyjth Zones is govemed by Its Trvstee Board whKh is responsible for sthn8 the Mraregic dirertion gf the organisation and the w)lity of the Ch¥ity. The Trustees cairy Ihe utrimate rewnybility fty ihe ¢onOurt ol Empower Youth Zones and for ensuthÉ that the Charity satysfies its kgal and cgntrartual obli8ation5. Trustee5 meer appr0mote1Y every two months and may dele8ate the Implementaiion of thwr decln5 or oper•tiw ol the to senlDr man4emeni. any employee of the Charity. peison or cornmitlee as they See rrt. Any cornmittee must include at least one Trustee. The Trustee Board L% independent from mana8ernent. Decisths are determTned by a simple mahority of In ihe use of an equah.ty olwtes th• Chalrman of th• rn•etin8 ha5 the castin8vote. Transactions wth related parties we disdo*l in note 15 to the fan(la1 staternents and Xt¢rdan wr¢h ra8raph 163 of the SORP IA¢wuntingand reporting by thare$.. stsiemeni ol Rerommended Prartice ISORP 21X)51
Empower Youth Zones Pa8e 9 Trustee5' Report and Financial Statemen15 Stratt8i¢ Reportl For the year ended 31 March 2023 The Oirectors CMSM4er the board of Direclors. are the Charity5 tru51ee5. and the senh?r marba8ement team eofflpti5e ihe key mana8ernent personnel of thE Youth Zone in char8e ol dirertin8 and eantrollin& runni and operatini the Charity on a day.to4ay ba5i5. Director5 ol their time freety and Director received remuneraiion in the year. Deiai15 of Oirector< expenses and related party transarrms aredixlosed Note 23t0tcCOVTrts. The p of the full staff ream is re¥ied and. rf finanoal resoww èlkr•. increased in accoidance 4tsth projerted Government Inflaiion res into account CPI and API. In ¥iew of the Dare of the charity, the Oirenofs bety¢hMa aeainsi pay 19 ir• other simlar in the ¥oluntary Sector. as well as xross the On&"de Youth Zone Network. 3.3 Votumeerf ThrLw¥hout the all members of the Ooard of Trustees mède Invaluab ¥ohJntsry mntributKins to the Chèrrfs in terrns of ¢oveman¢e. profttyonal and business eMpence. finafioal planniTrL fvndrèisin8 ano leading initiari¥es acr055 the preied. Suth tontrfbyrion5 tre. on knwe. equhalenf totw fvll dayse¥h ¢aler4lar month. 15 registered voluniee have been trained. indurted and a¢tNeMthin the perK)d prwdiwxon aw48e 150 P)ursof ¥olunteerin8 per month. JA benefft JI the attiwties of the Chanty la5 syfflm•rtsed at4)vel were yndenaken io lyrther its tharItab puty0$ lor wblic benefit. The pro¥isb)n of a high-quality, Centralty locaied faolily peopk responds to a dear, ongtyn8 dernand frrm yout)8 people. parenrs and wider communit$ for more and bwer plxes for youn8 people to go. Although providin8 a service to all young people. Empower yOh Zones wll f4xu5 on artondance aTrd partPa)n by young mefflber5 Df di53dvanta¥ed ommunityes who will be ab to enjoy alfordabk acce55 to all the opportunitks that the facilities will provide. This will le•d to irnpro¥ed achievements and enhaed aspirat5 JrnDn¥5tyoun8 mernbers ofthe kncal cornmunity. They will be hèppiEr, healthier and make more constw<twe use of their knsure timewhith consequentty will help reduce nui5ante aod anti-social behaviour. Loryer tetm public benefit5 11 indude imprDved health. cedvced CTirnE. enhanced learnin8 and efflployablity and8reatsr commu•ity Cohes).
Empower Youth Zone5 PaBe 10 Yrustees. Report and Fintyn¢ial Statements linthdine Strategic Report) For the year ended 31 March 2023 3.5 StaternEnt olTvusiets' respMsi4knes The Trustees Iwho are also the ettlS of Empower Ytyjth Zones for the wrpoge of wmpany lawl re responlIe for preparinK the Tru5tee5' knnual Report and the financial strtements in accordance with ¥ppLvble law and United Kingdom AccountinuStand8r¢Js Iunitsd Kinldom GerLeraltyA¢cemedAccountiw Praaicel. Company law requlres the Trustees io piepare financial statements for each finan(ial YEar. 8Ne a true and falc of the state of affairs ol ihe ¢harttable cofflpany and of ihe incorne and e¥pEnditure. of the charitable company loy that period. In preparw)8these financial ststements. theTsItes0re requifed to.. selert suitable accounting pesd then appttheM COnSl.. obser¥e the rneihods and principle5 inthe Charities SORP- ffl•kejud8ements and e51imates that are rea$Qnae and pwoent.. srate whether oppli¢able UK Accountirf Standrds have beem subject to material departvre5 di5c105ed and explained in the finanllal 5tatements.' prepa the finanoal llarements on ronryrn bs unkn tt is ihappmpriats to that Ihe chèritable eompanywill contsNJe in busine5S. The Tru¥tees are reSponb lof keeping adequate a¢untIng re[% that disc105e ith wea50n1b attura¢y at any the financial of the thèritable cwpany and en3e ihem to erwre that the fInalJI ststements wmply wfth the Companies Art 1006. They are also responybk for safe8uald6 the assets of the {haritab mmpany and hefice for takin¢ feasonable steps forthe kWtsntiw and detection olfraud and otherirte8ularitie5. ThÈ Trustees aro re5pon5ible for the maintern(e and inteyyty of ihe ¢orporaie fin0a1 Information inclwled on the charkable cofflpany's vlebte. LeB151¥in in the Uthited KihEdom ¢o¥eming rhe preparatim and diemInation of finaneial statements may drfFer from le¥ation in otherjunsdKt•)fis. In sofarastheTrustees a aaallhe iirne ol apprNn8ourTrustets' InThJal rtport There is no relerfarf Inforn?ation. being InfOnatioTI needed by the audhor in coNneLllon wfth prepaftr¢ their re of whKh the Charity's audr(or ¥naware', and TheTru5tees, havthE made trqvines of fdh)w Directors the Oww's au(litor that l¥Jt to have irxlividual taktn. have eath takert all steps thai helshe Is owryed to Take 45 a dIreCr in order to make themselves aware of any rdevantaudit informath)n and to establish thatthe auditori5awaTeol that informatiorb. C¢hmpllanceTith a[Wl$tandI(ds In accordance with section 414CIIII ol the CthMfvles I(6 IStrategK Rewrt and Th"rertors Reportl Re8ulations 2013. the company has prtpartd * stratewt rtprt wlith iThfirnaikn that would prevkn)usly been ilUded in the Trustees, Report. The financial Stalents (onwty woh wrrerbt Statu re4uirements. totwns MeThrandm and thlcles of Assouation and the ChariisSORP. Author4 A proposal to rèapwnt Xtinadin Audit UnteLlasaudltwof the Charity be Pt0 the AThnu41 GEr•I Meetin8. The Trustees Report, includin8 the strate Repor¢ was •pprtNed wa$se on behaffolthe Trylee5 .. J Vthiuaker Chair. Company Dir2rtu andTrUste De.' 20 Sepl•rr•r2023
Empower Ywth Zones Page 11 Independent Auditor'5 Report to the Members For the year ended 31 March 2023 We have audited the financial statements of Empower Youth Zones (the 'charItab cornpanrfl for the yearended 31 Marth 2023 which iomprise the Statement of Financial Acii¥itie5. Balance Sheet. Ststement of C45h Fbw5 and notes to thefinancial ststements. Including a 5umrnary of 5ignffjcaAt actountinK poIKie> The financol repoffjng framework ihat has been applied ITh th•r preparation is applitable and Unttetl Kinedom Accounting StaTrdard5. induding Financial Reporting Stsndard 102 The Financial Reporting Standard applKable in the UK and Reput4ic of Ireland IUnf(ed KinEdorn Generally Aecepted Acwunikng Practicel. In our ¢)pinion the financial statements= a true and fair eW of the state of the Charltable Companvs affair5 a5 at 31 March 2023 a1 of it5 incomt and expendrture. for the Per then ended- have been propeily prepad in accordance wrth United Kingdom Generally Accepted AcmuntiTh8 PrartKe.' and have been prepared in accordan wilh the requirements of ihe Compan5 Act 2(lJ6. Bas15 for oplrAoTh We condutted our atsdrt in accordance with International Stsndartls on Audit8 IUKI11SAs IUKII and applicabk law. Our responsibilties under those Standards are further described the Audrtorfs rtsponsibilitiÈs for the audrt of the financial statements sett#)n of our port. W¢ are independent of the charitabk company in accordance with the ethkal requiremems that are revant io our audit of the financk?15tatements in the UK. in(ludinK the FRCS Ethical Standard. and we have fuwilled our Other ethical SpOnsIbl11es in accOrdae with these requireTrnts. We belwe that the audit eviden¢twe have obtained is sufficient and appfopriaie to prtr4ide a basis for our Op10. Coftdu51ons relatitoOi cottem In audr(ing the financk11 statements. we have concluded that the Tw5tees' use of goi tth¢ern bèsis of èctounting in the preparation of the financial statemEnts 15 approprilte. Based the work we have performed. we have not idtntrfd any rrterrdl uncertalAis tsting to events or conditions that, ind¢vidualty or colthivety, may cast s48nilicant doubt on the Chariiable Company's abiltty to cominue as a goir Coen for a period of at least twe Inth$froM when the financial stateents are authori5ed for issue. Our resp0Th5ibilities anij the responsibilrts of the Trustees wllth Pect to going concern are descriW in the relevant settKJns of this report. oiher Infonn•llon The Trustees are responsible for the other Informaln. The other iThforrnation comprise5 the information intluthd In the 7rustees' report other than the financ&al statements and our auditorfs report thereon. Our oplnksn w the financial statements does not ccNer the other inftwmath)n and. exteo to the etfit explKr(ty stated in our report. we do not empress anyform of èwrante ¢ondusK)n thereon. In connectfjon with our audit of the financyal stateffents. our re5pon5ibility is to re•d the other information and. in doing so, consider whether the other infornHtion is materi41ty inconsistent wlth the faTr¢ial statements or our kngwledge obtained in the aud Lw otherwise appears io be materialty misstsied. If we identify such material inconsistenc5 or apparent maierlal mlsstatemeftts. we are required to determine whether there 15 • materk41 rni5St•tement in the financ1 statements or a mèterial mi$5tatement of the other informalb. If. based on the work we have performed. conclude that there 15 maierk81 misstatement ofthis her informn. are required to rert that fact. We have nothlng to rert In this re8ard. op1nior on othw matttrn prKribÈd h ih•Compan Art 2006 In ouropifiion. based on the work undÈrtaken in the course of the audit.. the information ei¥en in the Trustees. port. whKh Includes the Olreuors. report prepared for company law purposes. for the hnancièl year for whlch ihe finarKial staieff*nts are preplred is cgTrsistent with the financial statements- and the Dlrectors. repjrt cluded wthin thè Trustees. has been rye1ed In actordance wlth applicab lerdl requirements.
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Empower Youth Zones Independent Auditor's Report to the Mernbers Irontinuedl For the year ended 31 March 1023 Page ly A5 a resuh of these pr<Kedures. we cun5idtred the opportunitiE5 and entt$ that mty eiist within the owyis•tI f fraud and identrfd the 8reatesl potents•l for fvaud in the folhmw areas.. income recognitloty. In eommoh with all audils under IS IUKI. we arealso required to wfwm specrfK yocedures to respondtothe riskof maTh4ement override. We also obtained an understandin8 01 the le8al and re8ulaw IramvS that the Charitable Company operate5 in. focu5in8 on provision5 01 those la¥ts and re8ulatiLmS thai had a direct elf&t the detethinath?n of matwial arnDllnts and disch7sures in the finaficial staieThents. The key lèws regUlathy we fonsidered in this context included UK Compathies Act, Charities ACL Health and Safety Law5 ar Enwronmentsi Rewlations. In •Jdition, we con5ithred prwstons ol other la¥Ns and re8uLItAins thal do not have a dwect effect on the financkil statom•nts but Complian with may be fvndamental to th? cwanrfs ability to operate or to avrrfd a m•terial penalty. Audltnspormty rf5b Id•r Our prwduro5to respond 19 risks tdMIlfd inc1udedth?fdkn. reviewiog the financial ststemerf dth5u[e5 and te#in8 to 5UPPOrtin8 documentation to a¥e5s compllance with pro5¢S ol relewont laws and re8uL4ivMs described as direclefferton the financial $tatements,' enquifing of man4ement concernlng •ttual and wenti•l IrigarK•n and daim5." performing an31£41 Pi¢xedures io ideTrfy any unusual or unexpeaed relafjon5hips that r1 indkate risks of material misstaiemeni dve to fraud.. readiog minutes of meeiithgs of those thèryed 8owemènce ènd re¥iewin8 correspondencewith HMRC.. and in addressine the risk of fravLI thrgh management override ol conirols. te5tlng ihe appropriateness of journal entrs and other adjustments: asse551n8 whether ihejudEements made in miing a¢countin8 esiimate5 ¥e Indicative of a Fwential bias. evaltithe bUneS5r3On•It olanywificant iransactWJn5 that are Ltrnusual or outside the normal cour5eof busine55. We also tommuniured relevant K1e•tffjd I5 and re8ulations and porentiol Iraud rtsks 1¢ 311 enÉa8ement team members includSn8 internal 5peciolists. and remained alert to any indications of fraud or non+crffiphan£e with laws fe8ulatioTrs throtsghour the autht. No Instances of rnaterial non-complonce ere entified. Howtrer. the likelihood ofdetectin8 irye8ul¥ities. Inthding fraud. is lim(¢ed by the inherefii drffKulty in detectin8 irre8ulaiiiie5. the effeCtNer$S 01 the eniity's controls, and the nature. tim1 and extent of the PredrS perfNmed. IrTegularir5 Iht result from fraud m¥ht be Inherentty more diffiiult to detect than irregularitS that result from error. As explained above. thefe 15 an Urvdab risk that rnatErial misstatements may nL7t be detected, even though the audit has planned and perfotmed in accordance thIA5 IUKI. A fvrther description of ow resp0n5lblli for iho audrt of the smements ts located on the FIDanoal Reportln8 Councifs website aL. httpsJlwM.frc.w8.uVauthtor5resporsibib¢s. This de5CfiPtJon forms part ofouraudirorf5 report Ilse ol tyjr report This report Is made 5dely to the Chartys Members. a5 a bth. In accordanre with Chapter 3 of Parr 16 of the Companies Act 2CQ6. Our audit )rk has been vndert•keTh 50 that Ve mi8hi Stale to the Charivs Members those fftotters we are iequired to 51e 10 them in an audiir*s reportand for no other purpose. To the fullest exient perrnired by L, we do not accept w aume responslbiliry 19 anyone other than the char and the Charitys mernbEr$ Is a body, for our audit w forthi5reporL or for the ownvjns we hfOrmed. MQQaL MichaelGairett ISenK)r St•tuioryAwlitcKI For and on behaNof Xeinadin Audrf( Linited 100 Barblrdm Square MaDih25tef M2 380 Date.. 20 Septembw 2023
Empower Youth Zones Pa8e 14 Statement ol Finanri•l Artivtti¢5 linduding In¢om and Expendrture Report) For thÈ year ended 31 Marrh 2023 2022 INCOME HEOM Oonatlons athd Wcies Chaiitable aclMtiES InveMentS 1336.996 197.598 53370 L404.9% 1.181,968 197.598 159,199 63370 55,096 Tot1 1597.164 Lfj65W 1.396,263 EXPENDITURE OpEratin8 costs Governance $15 iU62J IA13.066 1.118.838 6,51X) Total Expev4tyre 1307m3 111623 L419,706 1.125,338 Netln(•mo Iwondllwol boloro pln5aTrln¥e51w Net1105sesl 8aiThson irwestm)ts 290.nl 246,15• 270,925 li3018) 15.1021 Netlncorne lexpendivxI 152.763 144.QJl 3M3JJ7 6A3L950 265,823 Fund balants at 31 2022 915337 9.549,414 Fund balaw at 31 Marth 2023 3.636MO 6287J27 9.923J77 9.815,237 The statementof fihamtial attr1e$lClIMe$4ll a#d hSe$ in the penrA. l income and Èxwditure d*i¥efrom cortirwiry
Empower Youth Zones Pa8e IS Balance Sheet As at 31 March 2023 iia09137 1179712 Z02Z Tingible assrfs 4142fv16 6.2B9,134 Cuffemas5•ts Stock Debturs Investments Cash at ba•k ard in hand Short term depoyts 23•4 62371 $59216 U62383 1,723 83.130 2.660,581 820,445 93,210 4Y4J22 3,659,089 IL462.%11 1132.9861 Nei ¢iirrent¥s$4ts 08lJ6l 3,526,lOa Net a55E15 9,923377 9.815.237 FUNDS Unrestrfcted funds Restricted funds 17 A7 3,483,287 6,331,950 6J87A17 9.923377 9,B15,237 The financial statements w pa8e$ 14 10 ZZ were approvtd and Jthtirised kn15SL by the Board of Trustee5 and 8e(l on s behair h: I Vthittaker Chair. Company Dirertorand Trustee Date.. 20 Settsmbw 2023
Empower Youth Zones Pa8e 16 Statement of Cashflow5 For ihe year ended 31 March 2023 2023 2022 L645W 3,369 Interest rectNed Investment income Purchast ol investMts Disposal of investments Payments to acquire fixedassets 76 55.020 ILI3L4151 1750,OWI 1,1>94.762 93.210 1fj65.5051 163.9181 In(asèlae(Iel$¢l fjnothandth ¢gutr•41wrts LOQW6 1365,1431 Cèth andtssh¢qul¥ahnts at l 1022 913.655 1.178.898 4%h anJ(ashegul¥ahEntsat JI Marth 2021 Lg10.3SI 913.655 •%h anO¢asheythalEnts con51sts th. Short terrn deposits Cash at bank and rtd 93,210 820,445 62.281 L920.351 913.65S 1023 2022 Net incomtforthe year Oepredation Losses l &*iN%l on in¥estmehts Investment Income Ilncreasell decrease in stock Oecreasel 1creaSe1 In debior5 Increase In creL¥tors IN140 112.623 I,0 163.270) 16611 20.759 lJ29.975 265,823 111,912 5,102 155.0961 194 140.4271 12.861 Netcash flowfrom operabn8alll 1.645.5e4 3CQ.36Y
Empower Youth Zones Pa8È 17 Notes io the Flnancial Statements For the year ended 31 Marth 2023 1 6eneralinfonniion Empower Youth Zcne. formevty known 35 Manchester Youth Zone - EasL is a thartsble company limited by 8uaranree in the ljnited Kir¥dom. In the event of the tharity bng TAnd up. the Ilabllity in respea ol the guarantee ts limired 1¢ £10 per member of the th3rity. The addrets of the re8lStered offKe is in the Charity inforrnatlon on page l of these financial statement5. The nature of tht Chafity's twrntK)ns and W11PaI are to build. deliver and 5usrain Youth Zones in East Man¢hesterand Sllard. The Charity constitutes 4 putAic bpnefit ertity 35 defined ty FRS IOZ. finarKral stareffents have been prepared in accordance with Acrountinl and Reportif8 by Charities.. Statemenr of Recommended Prattice applkawe to ¢haritle5 preparing thelr accounts In accofdaDce th the Finanoal ReportinÉ siandarls applicab ifb the UK and Republic of Ireland IFRS 1021 issued I6J2014. thecha11t$Att 2011 ano VX Gener31ty Accepted PracWceasiiappllo5frorn ljanuary 201S. 2 pdl<les 8Jsis ol weparntlon The financial 5tatem¢nts art prepar on a eoir4 (oncern under the historal COA conventn. The fiD•ncial statements are prepared in sterli the fvnaional oJrreKy of the tharity. The slinfficant ¥counting pdicie5 apPld in the prepaTrtion of these ffinathcil statements are s o¢A bdow. These have been consistenV appl to all years presented othewse stated. Flts UDrestrirted funds we ava11able use at the di10n of ihe Trustee5 furtherance of the seneral objEdives of the Charity and whi¢h have notbeen desi8fbatedforother purp05e5. Restricted funds are lunds whith are ts be used in cordan with spe(ihc thct)ns imp05ed by thir5 or thich have been rèised by the (harity for particuhr wrposes. The com of raising arld admintsiering 5wh funds are ¢h•r¥ed #plnst th¢ speerflc fvmd. The aim and use oleath resthned hjnd 15 set outin the Thote5 tothefinan¢ii1 ststernents. 111. In¢•m¢ TOnI110n I Income ts irlcluded in ihe Ststement of financi41 Acmes ISOFAI then the Charity 15 legalty enlitled to thp intOrnE aftèr any perform4n¢econdiiion5 havbeen mel the afflouniGin bE mea5ufed rdiabty and it ispTobab5e Ihatthe incomewill be received. For donaiians to be recoBni5ed the Charity Thryll have been Ttified ol the amounts and the settlefflent date in writin8. If there Jre condf15 attarhtd to tr donation and requi a W of performance belore ntiement un be obtained then inCDrne 15 deferred until those conditityls are fvI or the fvffilwent ol th05e conditlDf5 IS wi(hin ihe control of the Charity ¥nd it is probablethat Ihe¥wll be fulfilled. Irwestment income representsamwnts receivak4e re5pecLof the peiiud. Accrued incornE 15 recognised on invE51ments up to the balance shtw date. Grants in connectvJn the Job rttent•)th sthemÈ art recou¥sd in the io tthith the Underlyi staff costs rele to. Iw. Ewnthiurt Expendiwre is rero8ni5ed on an aruua15 b¥st5a5a kblliryis wwred. Choriiobleexpenditure CharStae expenOtiJre cowrises those COMS irfftirred by thE thlty in dthery of its activit and It includes th tosts that ran be allotsted dettr W 5uth Xtr¥it costs of an indirect nure necessary to support them. GovernoKe costs Governance costs indude Ihose costs assc¢iated ¥wth meetin8 Ihe c(xisrrtutionol ènd 5tstutory requirement5 of the (hantyand i•du¢Jethe audr( ftts and costs linked tothe stritegic manaeementof ihecharity. l Costs ire allocated berween the expenditure ute8orie5 of the Stattfflent of Financbil liibities on a basis desed to reflect the vse of the resource. Costs relati to a partic1[ atmy are llDc*ed diretity. othErs arE apporth?ned on an appropriate basik
Empower Youth Zones Page 18 Notes t¢ the Finènclal Statements Forthe year ended 31 Marth 1023 T¥nelbl• Iled assets Fixtd assets tostine more ihan £2%) a tapitaltsed and Induded on the balance sheet at cosr. These refiett tht Initial planningan¢J de¥dopment cowof the a$8et undty con5tnJctK)n. Fixed assets art deprethated so as to twrite oft the cost ty valuation. less antycwed reslual Alue. o¥er th•r anticipared U5¢ful lives. subjttttt+annts re¥w. asfc4kffts'. Leawhold property Fitturesind fittin8S Coffiwier equipment Gym equiprnent Cateriw equlpment Plant & mathinery 0.8% based on a IEaseof 125year5 25% redwn8 baLrynce 33% straht1Ine 20% StrahtI1ne 33% stra%ht line vl. In¥tMents Llsted investments are5hown aifflavket Value atthe sheetdar¢. Debtots crediiors %tsith no stated intere# rate and re(er¥ab or pavable ce year a recorded at tran5KtKn prite. losses arlsinefrorn impo1mNI are recogn4 in expenditure. ¥lll. Ta The Charity is an Èxempt Charity within ihe rnoanirvd of sthedule 3 of the ChaTitie5 Act 2011 and is considered to Pa55 the lesi$ Set out in Para8raph I Schedule 6 finance Act 2010 and therefore it meeis the defirbitKsn of J Charitab company for UK CLYporation tax purp05e5. The financial statements have been ptypared on a ooin8 cohcwfi basis as theTNstees belTtrethat no mero1 ¥ncertaifttles exist. The Trustee5 have considered fhp level of fufids heKI and the expeoed e1 of ithcome and eMp•)dityre for 12 months from authod&n8 these financkl s1•reMen The bvd8eied expenditure bsufflc6eni ih the of reserves fgr the Chafityto be ab iowniinue as a 8oineconcern. Pen5 Contributions ta defined tontnbthk)n plans are rec(enised as an expense the perh)d It) whith the related seThfi¢e is provided. PrepaSd ¢orttribJtsofS are re¢o¢thised as an asset io the ex4 that the prepaymeni wdl lead to a red¥ction In future payments ora cash ref¥NL TOTAL TOTAL 2022 2023 Donations- (apiial Dunatiotys- othtt Grants. rrusis & foundations Onwe Foundat. DCMSComrrwJnity Wtthed LocalAuthority Founder prDThs GrftAid 6tt 60A i.oyz 113382 141.618 86,416 151,Q62 i381 21)00 761,592 36An Ico,o)o 684.493 76192 362n 1.336J96 Llts1,996 1.181.968
Empower Youth Zones Pa82 19 Notes to the Financial Stattments For the year ended 31 March 2023 4 Intomt from Chrftable A¢tr•Nles TOTAL TOTAL 2022 Yaun8 People's >rtr¥ity sesslons Facility hlre IAO,985 46.613 IIOJ45 ij 96.497 62.701 159,199 5 In¥Y51rnerii lff TOTAL 2023 TOTAL 2022 Bank interest recewed Income from SnvestmeThts 814 S4A46 76 55,020 63270 63271J 55.096 TOTAL 2023 TOTAL 2022 stsff waBe5 & salaries Staff travel expen5e5 Freelance and A8entystaff Fundrai%in¥ & Event5 Staff and Volunteers 085 thets Staff Unrform Telephone Statiwery Hoswtality Computer costs Office SupleS Feeto Onshle Sundry Exp•nses Insurance MarkèLIiYd tosts Legal & professi¢)n Ucences Tr3inlng Tr4ps and ResldeniiaL4 Yourh Work Costs Catering Suppl*s CattrinE EouipmeDt Recruitment emtsescosts Oepreciation Bank thèrRes 849ffi99 IA93 s31 6PAO I35 711,960 611 5,024 4,553 1.040 3.339 2,220 3,683 i.iii 26,717 2.628 2LLKJD 1,620 18.ior 3.198 28.585 2.205 3,187 L493 5532 535 L643 1,931 L931 3,582 29,683 33,035 25mQ 3J93 17585 3103S 16,982 5.313 $85 S313 4AIZ 37.362 14536 160 26.051 37.366 393 16.175 ,890 111.912 1.270 160 173.735 173.715 LO56 L056 1300.4M3 li23 L413.066 1,118,838
Empower Youth Zones Pa8e 20 Notes t¥ Iht Financial Statements For the year ended 31 March 2023 7 Nei lYK•me le%penditil 2022 Net income I mo¥emeDt in fvnds is suted alwtharery." Depreciatiorb Audrt Fee 111.91Z 6.5fA) 8 Taxaison Eryower Yoth Zone is a re8istered tsrty. the ¢orrynVs income t5 applied to its th•rirable objertNes ¥nd the Company is thereloie exempt vnder cwreni from rN>stform50ftaYation. 2023 2022 Waees Social securbty Pension5 n9AJg 66S.790 36.469 9,701 ILn7 849WJg 711.960 The oluMents ofohe member ofstaft inchxlin8 beDefrts but exdwkng empltyffr pen5iW fdl within the raD8e from £60.WO- £70,(AX).12022- Nill. 20 Number 1022 Number Average numterof empknes 62 Tho 48re8ate remuneration of the Key Mana8ement Personnd. comprising the ch E¥ecuti¥, Business Adminlstration Manager. Head of Youth WDrk & Head ol Fundraisi¢bRWaS £166.1(xII1012." £191A581 AO Tvustt remwerntlonand expEn5es Expenses of £14 have been pahl to theTrustee5 durirythi5 puiod12022.. 1141 11 Tanwblefixed sts ieoseholdLtrod Computer Firturesa Equipment Motor Vehicles TOTAL At l April 2022 Additn$ '5P05a15 6.150.841 665.505 61,692 249.944 io,coJ 6.472.477 665.$05 Al 31 M4rch 2023 6,816.346 61.692 249.944 io,¢ 7.137,982 Depre¢it At l April 2021 Charge for the year Olsposals ?7.805 49.207 37.25? 19929 66.611 41.483 1.670 183.343 IIZ.623 At 31 March 2023 127.012 57.186 108.LB4 3.674 295.966 Net bwk vlut At JI PAar<h 2023 fj.689.3J4 4S06 14XJ50 6,326 Al l Aprfl 2022 6.07536 24,43S 183.a33 8.330 6,289.134
Efflpower Youth Zones Pay 21 Note5 to the Financial Ststemtnts For the year ended 31 Marth 2023 2022 Cwtracted for 201.714 1> IrbvestrnÈnts X23 2022 The Charityhas in¥ested surplus fIdS as folow5." Interest be¥riw dep05ilS Usted in¥esrmwts Zm9216 2.16e,581 59216 2.66Q,581 2022 At l 4è•rf12022 Additlons Dlsposals Change in market value 5(o.rA(1 2.160.581 1.6fj0. 2.(rfJ8,893 1.131.415 I.IJIA15 750.WO 11.OY4.7621 IIA194.7611 193,2101 1138.0181 1138J>l81 15,1021 At31 Mwrh 2023 s(Q.c( 2,059,216 2559.216 2,6(Q,581 14 Debt 2022 Trade leor$ Prepayments and ac£wed CoMe 16A)I 45J70 13,336 69.794 62371 83.130 IS Crtditols: amtyJrts fllrf4*Je wIthkn•nei E02Z Tradp. rditOrs Other creditors Accruals Deferied Incom• 73316 79.914 53.731 L256.000 47,677 68,966 16.343 L462.%1 132,9B6 16 M¢weffl•ffl Inknds The mo¥emEnt in fvnd5 fartheytar is aoslnq Expenlte 3•loft¢e Unrestdtted Funds 3.483,287 1.459.846 11.307.083) ShJ6,050 Restricted fd$- fixed assets 6331.950 1112.6231 6287327 6.331.950 1112.6231 6287327 9.815.Z37 1527.846 11.419.706) 9J23,377 l of the fixed assets restritttd funds represent amounts receNed for the coThstruttioN and develorfftnt of the new Yovlh Zone tstyle5.
Empower Youth Zones Page 22 Note5 to the FinaDci•l St41ements For the year ended 31 M¥ch 2023 16 mo¥eMtMtlnfiN The movement in fundsforthe wioryÈarisasfokn" ng 8olo+Ye Exptnthtwe unrestiirted Funds Rtstrted fvnds 3.149.482 6JJ9.932 1344.603 46.558 11.010.798) 1114.5401 3,483,287 6,331.950 9.549.414 1,391.161 11.125,3381 9,815.237 Total fvnds rotol J¥ndJ 2Q22 Tan8iblefixed assets Netcurrentassets 642.OJ6 1554.6891 6,842,016 3,OBI,361 6,289.134 3,526.103 1.636.050 3fi36M50 6287.3Z7 9J21.177 9I15.237 Res¢rited Totol fvnds 2022 Total fvnds 2021 2022 2022 Tangible fixèd assets Net¢urrenta5sets 6289.134 42,8J6 6.289.134 3.526.101 6337.128 3,lJ2.286 3.483.287 3.483.287 6.331.950 9M15.237 9.549,414 18 Aeiaed partyt1•C¢ts Thwe wwe no Related Partytransadlonsdui$ year12022.. NII 19 CMtr•l There is no ultimate tontrollin¢ p•rty.