Compqny reElstratlon numbeT: 11309137 ilty reg151r4fion number,. 1179Y12 Empower Youth Zones Ltd (Atompany Ilnilted by8uara*ileel Aiinual Relrt arsd FrnAnci81 Statements for Elieyear Ended 31 March 2025
Empower Vouth Zones Ltd Strateglc Repovt for the Year Ended 31 March 2025 The tfU5tees Iwho are also rhe IXre¢tors for ihe purposes of CoMpV law} l)ave pleJsu¥e preseiillnE thelr strategic repoTt for tlie year ended 31 Marcli 2025, In tojmplloiice wlth s414C of ihe Companle5 Act 2Q06. The Tnistee5 have èdopted the pmlsltyis ol the Stateiment of flecomnielided Pratllte {soHpI "kn¢Olit1g and Reporth)g by Charltlps" IFRS 1021 Iii proparlng ihe 4nnual report and flnanclal stalements of iht Charlty. Who w8 are Empower Yoijth Zones. operates two piirpose-btsilt Faciuttes for Manchester aiid SJlford'syoungpéok4e aged 8 - 19, aiid up to 25 lor those addltlonal iTreeds. Hldeout Youtli 7one Is located on HydE R()ad in Gorton, I8d$tel. and olllclally opened Its doLYS In September 2020. Saiford Youlli Zotie also Dpeifited by Empower officially upened In July 2025. Sallord Youtli Zone Is located on Belvedere Road In Salford. Emyower Youlh Zones Is part ol a Iietwork of 51ninar Independent y(Juth or8aiilsat10115 Ihal all share the sariie prlt)clples, developed by the cliarlty Onslde Youtli Zones (Reg No: 11258931. The Youth Zones provide a safe envl¥oninent. where youn& people can spond th¢lr lelgure tlme, helplng e¥ch young person to ialse Ihplr asplratlons a& well as Improve their physlcal and Ineiiial Iiealth. Ui) 10 20 d4fferent aetlvllles wlll take place each i)Ightt iDtludlng f¢)otb311, boxlngi dancln8. cllmbin8. creatlvÉ arl4 Inu51c. drania and employablllty i1nIn8 811 foriust5(4J per vlsltl Our w151on Is that Chlydren and You#8 People Manchester and Sèiford are Insplred to lead healthy, happyj salg aiid successful Ilves. Our mlsslon Is to ensure Empower Youlh Zones prOdeS Chlldren and young people wlth somewl*ie sBfE to 80, soiJiethlJ)g posltlvè to aiid someone tiusted to ialkto. To rea115e ihlsvi51on, Empower Youth leS has worked t¢)waids 4 SirateEtc goals In 2021125 I, Young people- PTovlde the hiehest-quallty offer For all dilldren and You1 people 2. Our people-8ectsJne an employer of choice for both trxLstln8 and te1)tI•l iiow Èmployees J. Sust&lnablllty- Achieve longer term financial se£urlty wl)Ich allows its to be ambitlous ai)d plan confideiitty Into the future 4. R8pirtatlon- All staknholders are aware ol E4Mpowerf5 Vtlal Impact aiidsuccesses Object$ and atdvltles Enipower Youth Zoiie's charltable oble£tS 8re to lielp and educate chlldren youiig pewle reswent In the Cille% of Mandiesler, 5alford ènd surrounding arejs throv811 their lelsure Ilme acilvllies by i)romDtliig their full physical and splritual poteiitlal in order that tli2y IaY grow trj nialurity as dIdual$ aetl¥e meDbbers of soclÈly and tlielr mndlt10115 or lire Inay improve. Paep. I
Empower Youth Zones Ltd strateglc Repoyt for the Year Ended 31 March 2025 Achleveimentsdurfthg the pevlod Itt 20Z4125 the aiarltvs moln 8elilw¢ments Ihcluded: • Practlcal coiknpletlon of Einpowevs second provFslon- Sallord Youth Z4)ne In Maich 2025. Meinber511ip cainpalbvi lor Salford Youth offltlally Mv¢ In Marcl) 2025 wlth a lar8et of IAOO membe¥ sIBn-ups by the ollicial opeTrln8 dat• olstli July 2025. Growln8 oiir tntal mpmber5hip olyoung people Ot Hideout since ofllclal openiTrg In 2020 toover 9,000. • 3,000 belng èctlve Iii the past 12 tnonih& 45% of tliÈse idenilfled as fÈinale v$ 55% male. 21% tdentlfled as havlhK addllloil needs. 9D% are Irrxn the rop 20% Inost ¢leprlved comirunltle5 Itt iht VK as per Ihe IMD rankln8$175% are In th¢ top lO%I. Pr(>vtdlng ovér 30,000 meals across the year. 100% of tliese meals were provlded ot ho rA)st. Securlng over I,OQO liours of corporate volunteerine support. GrowSng our partnerslilp olfer Ip the yè/r worklng wltli over 25 local partners across muslc, Drt, sports, employnienl and health. Thoso p3rtnershlps cohilnve ro Erow and enliaiice the offcT and create fu¥the paihways lor clilldren and young pÈoplÈ aitendinE ihÉ Yotslh Zone. Facllllatlng 9 we.eks of school hollday wovi51on with over SO Stall and Volunteers contllbutlnE to 70 ctl¢l¢S. over 200 vl$lts were TeroidBd wlth twEr 4,1)00 hot meèls provlded duiln8 the school holldays supported vla'HolldayAttlvliy r.und' grants. Prov5dln8 ove¥ 100 form81 traliiln8 opporluhllles to staff and tyjluiiteers, In¢ludlng a new young leaders pro8ramine. • 22 youhe people completlne ourYoun8 Leaders Awdrd. HostlnE our fourth Annual Patron5 Dlniior wlth over 90 patrons and supporlers atteJidlnR. The eveiiln8 wos ¢ompletety led by youiiÈ people from Hldeout Hiid Salford Youth Zone5 inclvdln8 the MCIIw5t, the t2tÈrlngt perfoTinance5, tours, keytbote speakers etc. In August, Hldeout welcoined HoHte Secretary Yvette Cooper on her lir5t mlnlstcrlal $It. Durlns her sIt, Ihe Hothe Secretary d% glven a tour of tlig. Youtli 2one and l)eld an InteQW wllli The Guardlan speak5ne about toplcs such knlfe crlme and tlie 8overfiinenis $s01Th loryounE people. Our members were also able to ralse their concerns wlth curreiil issues in sociely indudlng crlrne. polici1 and polltics. Inc(Fine f¢r the year f 1157fj,739 12024.. E3.9É0,4561, Restrltl*.d iDr.omÈ for the year was £9.844,244 1202tl.. E2,587,6461, Pati'on Intome Iincktdlng Glft Aldl lor the Ye toknllod £762.38812024.. £470.8651 and £200,00(112024.. £200,(X)01 was recelved ffom Manchester Cty Councll towards the ongoln8 runnlD8 cosls of the Charlly. the yèar £Y2,965120?.4: £1170661 was recelved lil tlie forni o(Grants. The reason for the Increase Income artd re5tFlcted Income the year relales to donallon5 recelved for the coi)stwctloii ol the iiew Salfoid Youth Zone. E¥pw)dlttJYe for thè yeor IncrEased to £2,059,236 12021; £1,604.4101, wlih £1,251,793 12024.. £1,083,251) beinB spenton s•larles. Thls was SEIII 5$ than the budget due tovacancle5. At the ond of tlie pevlod UnrÈstrl¢tÈd Reserves were E4.460,920 {2024: É4.094.4231. pa¥• 2
Empower Youth Zones Ltd Stratèglt Report foy the Year Ended 31 March 2025 Rkk management The Trustees have ton%ldÈred tlie malor rtsks to whlch ihe CliarTrly is exposed and havo estsbOshed 5ultr4ble r15k maiiagennt 411d coiilrol pr(edre5. At yre5ent tho primary risks identified relate to.. FlnaiidallFvndralslng - In¢reasln¥ the number ol patr¢SS aiid maSnt•lnlii8 a hlgh-qualliy stewardshlp experierKe willi existi1 Patrons rémalns a lilgli rlsk due to the new Youth Zone In Salloid now beln8 fully operatlonal andtlie increased It)come reww)ue requiTerneiFIs. Peoplo . Staflln8 afid OpeTatlDnS - relatlng to tlie re¢ruiimen¢ ietentlon and developmei)t of key delNery slallandvolvnteers as well as operatlons Regulètory Rlsk Is the responsibility ol the CEO. Dsreclor Df Operatloits and Bulldlng and Facjlltles Managei who rii¥haEÈ Health and Salely. Nre aiid other statutoly Tlsk areas. The CEO ha5 developed 8 full rlsk rÈ8lSte¥ Includlng Inltlgolion ond conlrol measures wl)Icli Is sliared regularly wlth the bo8rd and foiinjl svbcominlttee for FlnancÈ Audlt Rlsk. Prlntlpullundhkp Sk7tsrces The Dlrectoys wlsh to record they're thanks to Mr Fred Done, Depèrtment Ioi" Culture. Medla and Sport, Soclal Inve5tmeTht Buslness, Manchester Clty Councll IMCCI aiid Salfofd Cily Council ISCCI lor their ongoing support to ihe Charlty. ThÈ Dlreciors also Ihank the lollowlng Indlvlduals aiid buslnesses who have pledged tts SUPPOTt the revenue campalgn (in 2024IZ51,. ANS Group, Pavl & Amy Shannon, Godel Technologles. The Uruntwood Charityt The JD rtyjndaiion, Al¥arez & Maisal, Steve Malone and famity, Robbie HarEreaves and famlly, Onè Manchester. Hobbycraft, Sallx Floiiies. MÈn£liester builclTrNe Soclety. Elle Wrl8lit CliarltablE Trust, Saiidywood Pro1]ty, Natlon?l Lottery Cominui)Ity Fvnd, Pete¥ Harrlson. Togeilier Moiiey, Hottllhan Lokey. Leiidledse. The Manclie5ter Ball, LlvSnEBI'ldge, Inflexlon, ATPI Group, Raheem Sterllng Foundation. SIS, Zochonis Charltèble Fru5L Waterl4iad Private Equ5ty. 8ankof NÉW York Savllls. Thanks to tl)e lollowlng donors who have ralsed funds thTOUEh Èvent5 ond B(lltIes. Ganyna, ADT, J Prestneld Wealth and Word on the Stieet. Thanks lo the Onside Foundatlon for thelr conilnued support and to Ourkerryj Cadent 3hd the Barratt Foundatlon for svppoft vla the Onslde Network. We would also Ilke tnThank Floichers Englneerfng and Per¢lnsula Groui) foi. thelr In-kliid profe551onal SeN[S. The fundra15111E prlorlty th15 yèar lias fotvsed on dltresllylng the Incume PDrtFollo for Hldeout Youtli 2one aiid drlvlnB tlie Four5der Patron campalgn lor Salfofd Youth Zone. Tl)e cliarllvs Dlrèctor ul Fulldra¢51ng and Conimunlcaiions has receiiily been promoted to DEPUty Chlel Executlve and work5 closely wlth the CEO and Chdlr Lif fiiiyower Yuuth zones to plan actlvlty aiid Inonlloi. peilorinante rÈla(Ing to thls camp8lBii through a Fundialsln8 Sub Boa¥d Cotnmlttee. Ernp¢iwer Youth Zones Is reglstered wlth thÈ FuiidTalslthK Regulator and mplies wltli tho Fiindra151nE Code of PdIse. The ch8rity does not vse extÉrhal Ivndraisws and tliere Iiave been no eoniplalnts made to the clTraFlty about Its fundraIsig methods. Pa8e 3
Empower Youth Zones Ltd Strategle Report foi the Year Ehded 31 March 2025 PoNryon resews Tlie Board ol TiusteÈ5 01 ElpOWer Youth Zones has e5tabk.shed a te5eFve5 poky whSch appyoprlately rellects the Y15ks to whlcl) Ihe Charlly is expDSed. Tlie T¥ust¢¢S IOll5ider that tlip approp¥iate reserves range wlll vary from tkne lo Ilme, and deem It approprlate to rovlew and vpdate tl)e approprlate reserve5 lange when n@ssarY. ThÈ current appfoprFato rÉsÈYve Tange Is determined byclsrIn8'. • Tlie current tevel of planned expendllure wid tlie COhtinEendes hlghlEhted beFow. Ylie Dnnual Èxpendlture is currcnily drca £3.5m perènnum. Specillc desl8118tÈd coTrtln8@n£6È5. The Tr4JStÈes will ronsider variou5 Tlsks that wlll Sinpacl the approi)rlale Ipvel ol reserve5 to liold, tliese turrently Iiiclude-. Year 4 rlsk'_ As a new Youth Zone, many Foundei Patmns have pledged a 4-year ¢ommltmeiii wlth In#ny of Iliese In5tial cnmitmen1s due lo expire at the same Iline. Whlle the TrusleÈs hope th?t all Founder Patroiis wlll ¢ontlnue tlipirsupport. to recoErnlse ihe rlsk that not all a¥e able to In tlie ¢urrEnt econorric dlin8te and to Ènsure there Is tIle ia sÈtsJre replacement funtYlnK, tlie Trustees 5h io held 8 specllle ¢ontingew releted to Ihls rlsk. Th15 reseive Is calculatÈd a5 multtple of Founder Patn)n5 that are due to renew each year, and thls can be amei)ded as Foui)dei PJtrons tgmmlt bpyortd theiF initial term, aNd/o¥ as the rlsk ol luture non-coml1ent chai)8es. The Trustee5 cu¥renily wlsh to liold a de5Ignaied reserve of É500k 6galnst this risk, equsjtliig 10 12 Founder Palron gifts of £25k plus £20Uk In 811t)U81 pled iuppoTt Iron) Mantheslee5 local thorliv whlch cvrrentlyls gBreed untll 2025n6. Ctpltal reseive-The Trustees 3ppredale that a5 SBlford Trs a new Youth lone the current tr4pltal equlpmen¢ that 1$ InstallÈd In t1 Youth Zone is ol ÈxcdlÈnt standard. However Hidechjt Youth Zone Is n(wi S years old and In ordÈr to malntaln our hleli fa¢llllV StoiidaYd$, IhÈ Trustee5 beleve tliat 3 deslgnated capital reserve should be held, ta be called to ensure that any equlpmeot that Is In nÈed al iepalr or replatéiTr)ènt can be thbne so on a tlinely basls aiKt to the deslred slandard. Tlie e1 of thls reseive wlll be regul4rSy Tevlewed. ThÈ Trustees curwei)tly feel th3t a deslEnated capltal re5eive of £25Ok lsaiiproprlate. • General COliilnRÈ¢)c¥. The Tustees otrtlY leel that a eei)eral lesee ol El.875m to cover a mFnlmun) 016 months opwatiiig tasis Is approprlate. Huwp.vei, given the njture of oJr work to support vulnerable clilldreii and youiie peopl@ aiid Ideal general Collllngeiicy wout<J allow us to cover 12 months operatin8 COSt5 to enable a sulllclent exit strategy antl forward support plan ftsr servlce Iise¥s to be est¥b115hed. Gell tlie 8forementloned reSee re4ulrements, t])e TrStee$ belleve that total roserves li) a ranBe of £2.8tn to FA.7m Is epwopriate. Thls wlll be revlewed at lea51 On per8niiuFn by iheTrusteÉs. Page 4
Empower Youth Zones Ltd Strateglc Report for the Year Endèd 31 Mareh 2025 InvestmÉht pOYandobJeCKvÈs Under t1 menioranduin and arrlcles of association, Ihe crItable compaiiy has the power to makÈ a Inve5tnieiit wli1cli the TrustÈÈs see Ilt. lrnvestt)Itn15 gie n)ade where requlred lo furtlier the alms li nd oblect5 of tl)e Charlly. In 2024125 Empower Youth Zones transferred Its Investment porlfol%o from Prewlii Dolphln to Bardays. The ch8rfty h&s conli)ued 5ts 5nvestment wlth Goldenlree Fiiianaal Servkes PLC Ihe Chavity ldS 2 Invesinnt portfollos across both orggntsatlons aiid as At 31st March 2025 111@ value of Ilie Inve5tTrienls were £2.743,446 12024.. £2,7SO,6591 th Income retelved OF £69,97713024.- E84,6671. Thp investtnent porlolios decreased In walue by £19.929 compared ta a IncTeè5e In value of E146JOG In thé Marcl) 24 fiiiantlal year. Plans for luture porlads Golng Into 202512G we have retreslied our 3 years slr8tegi¢ plan to focus on @npower as a 8rowSN& youth work charity In GrÈa*ef rtlancliester whldi now opeTale$ 2 youth zones 8uoss 2 Lo¢01 Authorlly areas. The four strdteglc ère3$ 01 lo¢u% .maIn the same, bul the keyobjectlves and 8oalshave evolved-. YOUNG PEOPLE- Grow tyjr offÈr to Èvldonce Increased impact and out£omes for diildren ènd yovnÉ people across Greatei Manrhester. Wè 11. * We wlll launch the unlvÈ¥sal core oifer from July 2025, 7 doys pew week RecTuIt up to 8 newyouih Work Levd 3 apprent1$ attoss H¢deOut ènd Salford Youth Zones • Intrea5e the range Trf Bctredited outcome5 on ollÈr Create 8 Young MtT•bers Tr(Istee Iwtlon rotatlng each year Enibed monltorlng and evaluat10 In e.veryday prctI to provlde clear evldenre of lshpact wltli YJ1 eople able to èrtitul)te tliese OutcoleS Develop an Integrated p•rth+r5hlp ai>pr02cli witli otlieT Youth providers iii Salford • Oevelop ouroutdoor education, re5idenllal. outreacli aiid se£lal attkjn offer • EiisurÈ Iqualllyi D5verslty Ènd Induslon is embedded In all oiiroellvery and decislon-maklng PreSseS Continue to olfer at least 35 liovrsoF piovlsloii Biru55 7 day5 all year round • Eslabllsh a Trustee Delfvery sub-coinmlllee to meet Y Ilmes peryéar Ovk PEOPLE lThvest in LhE dovelopment and wellbplng of sialf and voluntee15 to lsUre tliÈy have the skllls snd c6pa¢lty to supporE tlie ¢harltyeflectlvely. We wlll,, Jlecfuli a lull-llmÈ Olre¢tor ofpeople In addition to 8 Staff a•d Volunteer Ii'alnlng ManÈtèr Ensure teani and Indlvldual leariilnB and dÈvÈlopment pjdns lft plBce, with tralnlng iieeds being dellvered Ipartlciilarly youtli worK & supeivtslon. plannli)8 & prole¢t management, bvd8el & IInaCe, E,D&ll Yecome an aterè.dlted'Mbeff of tlie GM Good Employinent Charily Icurientty SupPter'I ConllThue to atlract and reerult employees aiid volunteers from diverse backÉrouiids th4t iellect the tocal tonimunity ai)d prorntste e4iJ31 opportunilles • Introduce new apprentkeshlp progfanis across Ctsmm5 and MarketSn& Youtli Work. Facllltles and Admln to enable us to grow Revle.w exlstlng Eiiiployea Benellts and Èxplore a more Nexlble 47pproach to refled the divertsily and liarocterlsllc5 of oui'woikftsrce Page 5
Empower Youth Zones Ltd strateglc Repoyt for the Year Ended 31 March 2025 susrAINABILITY- A¢hleve longer term finan¢lal $ÈuJrlty whlch allows us to be ambltlous and plan tonlldent Into tlie future We w511: Develop a 3-ye8r fundrals111g and Income strale8y Se¢uie onBoln8 Lotal Authorltyfundlrb8 of at least £5(¥)k per annum for beyond 2026 Develop dlversllled pilvote sector Incoine prollle tlirough'.- growth of unresirl¢tÈd corpornte and sub- E25k Income- Inalntaliilng curreThl FP level Intome" gr¢wJ twst & 8rani Income for taiyted prolecls • Grow the Income reallsed vla re8ular Foclllly Hlre Explore opporlunltles lor comm1551onln8 and contra¢tlnB work vla Publksector ParlnÈ¥ l.e. Publlc He&llh Contlnue to wlewtommerclal and liivestment OPPOTiunltle5 and pellormante lo¢ludln8dl8llal curiencv REPUTATION - Grow Empowerfs Brand as one of the k3dln8 youth work charftEes In Greater Mancliester wh115t retalftlTrH Hldeout and Sallord Yovth Zone's local ownerslil We wlll: Establlsh youth-led communlcatlons aiid markeiing whldi celebrates youn8 people's successes and 8¢lilevements • Create partner-focused tomms wlilth tlÈail¥ shows how WÈ can work tO8ether and enhance e3cli otherfs Impact Develop ourfundeY-lo¢used Comms Lthl¢h bulld$ Empowerfs brand and emphaslse5 that supporter$ are part ol somethlng great, achleve a great relurn I Impact Bulld on e¥lstlnB relatlon5hlp5 wlth our medla partners In¢ludlnB the BBC and Granada to w0actelY develop a PRIMedla $lorytelllng culture plan annLtalSy Work wlth the Llnlversltle5 In Manche51er and Salford to C(Indtt re5ear¢h relaied to our Impact and outcomes lor ch51dren andyoung people The sirateglc repoltwas approved bythe trustee5 0(the chaiiiyon.i.61.i.&lAr and $Ied an b behall by.. urner Chalrman and trustee Pa8e 6
Empower Youih Zones Ltd Trustees, ReF1t Referen¢e Admlnlstrative l)etai15 Charfty ReElstratlon NuinbeT'. 1179712 Company Reglstratlon Numbei: 11309137 The chailtywas Iricorporated on 13 Aprll 2018 In England and Wale5 as company1Srnlted bv euarabtee aiid 14lstered as a ch&rlty on 29 August 2018. ft[91ered Olftte.. Hid20Ut Youth Zone l QuÉen's Avenltt Manchesier M12 5PX Audltor.. Alextra Audlt Umlt 7-9 Macoii Court Crewe Cl)eshlre CWI 6EA Bankers: Handekbanken Manch851er Spliinln8fleld$ Branch 4tli Flooi. 15 Quaystrept Manchester M33HN Daiclays l thurchlll Place Loiido 114 5HP Pa8e 7
Empower Youth Zones Ltd Trusteg5' Report Trusiee$ a#d offltér$ The trustÈos aiid oflkers servlngdurlng tlie Yebr and SIn the year end were as follows: Trustees: J L Wlilttoker PJ Klrszanek T C PeppÈr J D V M8S18ff P F D Medlicott VJ l Braddock L M IEbon lappoknted 9July 20241 S A Turnw lappoiiiiÈd ?$ September 20241 RJ Kemp (èppolnted 25 Septernber 20241 R Hallworth lèppolnte(E 4 Decen)ber 20241 J M Boy$ lappolnléd S Oecembei 20241 AJ MorrowlTesl8nod 25 Aprn 2Q241 Ch•irman', SA TurTrer lappolnted 26 Junè 20251 J Lwliitlaker IressEned 26 June 20251 Chlef Executlve OfllcEr'. A Fafilcker Stru¢tuie, Bovernan and thanaeement hJotureoJgiJveniliJll documeht Empower Youtli Zones is a Company Iln?Ited by guarantee wlthout share capltal reslstered under the Ctnpa111es Act J985, reElstrotlon nuinber 11309137. The company Is governed by Its MÈittorandum and Aitlcle5 of A5Sociall7 dateil 21 Marcl) 2018 and Update Jai)uary 2023 Mai)agement of ilie companvs allalTS Is vested lib tl)e ¢o-Diiectors. It Is a Charlty regtstered wlth the Charlty Coini)11ssloii on 29 August 2018. In the Tht of a wlndlnE-UPp the present member5 and those who have ceased to be a inember wltlilii one vear of suth an event have euaranieed the1Sabililies of the compil1)y to the siiiii rot exceedln8 ten posJnd5 Page 8
Empower Youth Zones Ltd
Trustees, Report
Recrultment uppolntin2ne oltriislFÈs (Dlrectorsj
The Ilrsi Direclors were the subsuibÈrs to the memorandum 8$ notllle(I to Comp3nle5 House as tlie flr5t
Dlrectors of tho CliarlLV. A person appoliite
Empowèr Youth Zones Ltd Trustees. Report ArMngemÈiitsJorsettlgkEv0Oyoenp¢rnElrjhUneMlljn The Directors Cot[der the board ol Dlrectors, who are tliÈ Cliadly's trustees, atid tho senlor Ianagement team coinprlse the key rnana8eiiieiit pe¥sonnel of tlie YoLiih Zone Iii char8e ol dlrecung and controlllii runnlnB and 0s)efatin8 the Charliy 01% 3 day-to-day bas15. All DlrectOFS 8lve. ol tlielr tlme freely and no Oireitor received relnunerallon in the yebf. Detalls ol Directoré exyenses atid related p3Yly IraiFsèct10115 ale dlsclosed In Note 11 and 25 IQ the artount& The pay ot the T1 stall team Is revlewed annually and, 11 ftnaiidal resou5 allow, normally Iiicreased In attordance wlth projected Gtsveriiment Inllation rares taklng Into a¢¢ouiii CPI ènd RPI. In vlew of tlie TUre of the charlty. the Dlreclors bwichmark aEali)st pby levels In other sknmllar charltles In the voluTrtary stOr. a5 well as acmss the Onslde Youth Zone Nelwork. Volunteers. contrlbutlo Tlirotsghout tlie perfod an mÈmbÈrs of the 8oard of Tlustees m&de Invaknable voluntary tontrlbuilons to tlie aiarlivx work In terms of gownantè, profegsloiial and bu511)ess experlence, IlnaNclal pla#ftln& fuadi%lsln8 and leadliiE iiiltiatlves atross the pTojE¢t. Such COhtr11 )Iitionswere, on weraBÈ. Èqui¥alenl to twofull days each ealendir Inonlli. 19 weglstered volunlÈers have been trfjlned, Indutted and 8Ctlve wltliln the perood provid18 oil average 160hours of VolnteerI peT month. Pubtlc beefit All the activltles ol thÈ Charily las summarlil ?bovÉl wére UthdertÈke to lurthÈr Its charltable purposes for public beiiolrt. The pro¥llon of a liigl?-qualliy, centrally IDCHterl 13rllliy lor yotsn8 pÈtsple re5POlkls to a clear, demand from youn8 people. pa15 and wider ¢omtnun5tie5 fDF more and belter places lor voun8 people to Ro. Although provldln8 a servlce lo allyoun8 people. Einpoweryoulh Zones w511 focu5 on attendance and pai.tlclpètfi by young n)embers of d15advantaEed commuiiltles who wlll be ahle to enjoy allordabl• 8ccess to all the opporliinllles tho1 the facllltTes wlll provl(le. Thi5 wlll lead to Improved achleverllents anil enhais¢ed aspiratlon5 amonESi young membeT5 d tlie l¢)tal c¢minuity. They wlll be l)appter. hejlthler •Tr)d make more ConrtI¢t¢ use ol tlielr lelsure Iline which consequenrlywlll holp nu151ncE and pntl-so¢Jal behavlour. Longei teim publk benÈflts wlll Includè Improved health, reduced £iltllÈ, Q41hanced leaintiig and en)ployabJlliy and greater commvnlty coheslon. Stalement of tru5tees' re5pon$lbllitio$ The trustees Iwlio arè also the directors of Impower Yrjuth Zones Ltd for the purpiw of conwany lawl arÈ re5pon5ible for preparliig the Irustees, feport and the liiiBncial 5tatenients In actordance with applicable Ltyw and Unlted Klnedom Accountlng Standards Iunlted Kli)gdom GeDÈrally Accepted Acttsuntln8 Practkel. In¢ludltl8 FRS 102 'The flnanclal Reportln6 Standard appllcable lii the UK aiid Repubfitof Ireland" Compaty lèw requir the t¥U5tees to yreparp linanclal st31eihents for each Ilnan¢kl year. Under ioTnpany law the trustees must Nbt opprove the f(nanc1215talements unlw$ they are satlsfled that theyglve a t¥Ue and f311 VIÈW of the state ol affalbS of ihe charltable toinpttiiy and of tlie Incomliw rosourcps aiid applScatlon of resou$. Incluéln8 Its incomè and expetiditure. of the charM3ble company for that peilod. In prepoilng these flnandal statements, Ilie trUse$ aye requlred to= selett SUttablÈ actounlln8 pdlclts and app)y thÈm conslslentty: observe the methods and pr141tlples In the Cliarltles SORP., make judgement5 and esumates that are reHs0112ble and wudent,. P28e 10
Empower Youth Zones Ltd Trustees, Report state whether appllc3ble accountlne standard5. Comprlslng FRS 102 have been followed, subjert io anv m?terlal departures disclosed and ewlalned In Ilie Ili)ancial staloinonts; and prepare the financlal &tatÈmÈnis on Ihe &oln8 concern basls unless It Is Inapproprloie to pie5ume that the charftable company wlll ttI1}u In b51e5$. The tnjslees are respon51ble for keeplnB pr()er aLrountknE record5 Ihat can dlsclose with reasonable a¢¢uracy al èny Iline the IlnBntl31 position of the charltable compally 3nd enable then) to ensure that the nnanclal statemeiits coinply tIl the Cornpanlps Acl 2Q06. They aro also responslble f¢Jr safeEuArdlng ihe assets of the charttable company and heiitÈ for taklng reasonable steps lor the prevenllon and detectloii of fraud Ind other Irregularltlès. Tlie trustees responsible for the m8lntenonte Integrlty of the corporate and Ili)aiidal Informaiion Iiicluded on ihe diarltable Cornpany's webslte. Leglslatlon RovernlnE the preparatloii and disseniln3tloi) of Ilnantlal statements may dlller liom leglslatlon Ii? otheilurls(tlctlo4s. Dlsc105ure ol inforinatlon to audltor Each trllstÈe has iaken Steps tlial they Ought to have taken as a trusree Iii order to iiiake themselves aware ol ny relevant avdlt Informaiioi) ahd to establlsh tliat ilte charlly's aditOr Is aware of that Informatlon. The ITUSteos coiillrin that there Is no relevant iilformatioii that they know ol and ol wlilch tliey know the audllor Is uiiaware. Reappolntmenl of 4udlior In accordan with sectlon 485 of the Cornpanles Aci 2a06, a resolutlon lor the re-appoliitment of Alextra Audlt Llmlted as audltors of thÈ ch2rity lsto be praposed at tlie forllicoiniiig Annvol General Meellng. n1 repoTtwas approved by tlie trustees of Ilie th#rltyoii. nd slened on Its behalf by.. Turiiei airman and trustee Page 11
Empowei Youth Zones Ltd Independent Audltoi's Report to the Members of Empower Youth Zones Ltd Oplnlon We l?avÈ audiied tl)e Ilnanrl81 sl8teineThls of Einpower Youth Zotses Ltd (the 'ch&riiVI for the yeor ei)ded 31 Mawh 2025. wlildi ColpriSe Ilie Statemeiit uf Flnanclal Attlvliles. Balance Sheet. Statement of Casli flows, and Notes to the Flnanclèl Statements. Includlii¥ g summary of slgnlflcant attountliid pollcles. The flJ)3nc131 rÈporlln6 frèmework th3t ha5 been appllod In thelr préparatton 15 Unlted KIDBdom Atcouniln8 Standards, comprlsln8 Chille5 SORP- FRS 102 'Tlie Fliiancial ReporliTI8 Slandard applicaLile ITh the UK and Republic ol Iroland, and applicable law IUI)ited T<ingdom Gpnerally Accepted AccouDllfig prartIcl. In ouroplnlon the Nnai)clalsiatements'. gfvÈ a true and lair vlpw of Ehe statÈ of tho thariirfs affalrs as at 31 March 2025 and of Its Incomln8 rsrJurr.es 8hd appllcatlon of re50tJrce5, IntliidlD8 Ils Intne and expendituie, foi'the yeartlien elided,. have heen propel prepaffjd In accord8nce wjth Unlted Kdo 6eneralWAccepted AOUttIng Pra¢iice- £nd have been prepared In accoldancewlth rhe requSrements of th8 Companles Act 2(K)6. Ba515 foroplnlo We conducted our aud5tln aCrdanWIlh International Stèndards on Audltln8 IUKI ItSAS IUKII and applltable law. our respoThslbllllles undor tliose standards aro further destrlbed hi the auditor resPDt15iNlltles for the £udlt of the flnandal stalemenl5 sectlon of our report. We are Indepeiident of the charlty In attordhnce wlth the ethlc31 req¥lremEnts that are relevbnt to Dur audlt of Ihe flnancial slatement5 in the UK. IncludlnE the FRC'5 Etlilcal Stondayd, and wè have lullllled our tsther elhlcbl responslbllilles In atcordance tIl these requiiements. We belleve that the audlt evldence we have obialned Is s1[[Clent and aPP¥¢¥rlate to wovldo a blS for eur oplrtlon. Yel&tlDg to golhg ton¢ém In audlllt)8 Ilie lkn¥ncl¥l stateinents. we hève ¢oncluded thatthe trtsstees use of the golngcowrn basls ol accoun118 In the preparatloii of the Ilnanclal staletnents lsapproprlate. 8Ased the work we liave Ferforimed, we have iFot Ideiitllled any Inaterlal Ureralt1es relètlng to events or ndIon5 that. 1ndldallY0r¢0j1e¢t1VeIv. may castslgnlftcant doubtoh the clierlty's ablllty lo contlrbuè a$ a oliig COter lor a perd of at leasttwelve molli1 Irom i¥hElI tlie oilgliial Ilnanclal sr&emeiits were authorlsed for F55ue. Our ¥esponsibllltles and ttie re5pon51bSlltles Of the irustees tIl respect to golhA ton¢ein are IlÈscrlhed li) Ihe relevant se¢tlons of tlil% report. other knformollon The t¥U51ees ate re5pon51ble for the other Inlorni?Elon. Ihe othw lfOrmatIo1} cTripT1$eS tlie Informatlon Iiicluded In the annual rÈport. oiher tlian thp 1SnHt)thl statemeiits ènd our avditorfs report thereon, Our oplnlon on the Ilnancial statemeiits does not ¢ovor ihe other Inlormatl0Th and, except ro the extonl OthèrwlsÉ ejtpllcltly stated In our report, WÈ do iiot oxpre55 any fomi of assuionce roncluslon thereon. In co##ectlo]i wllli ovr 8udlt of the flDanclol statements. our responslblllty Is to reait the other Infor1all0 8nd. IN dolng so, conslder wheiher the otliei Inform3tlon ts materlally Iii¢on$15tÈnt wlth the Ilnaiidal staiemehis or our knowterfBe obialned ID tlie audlt or ntherwlse appear5 to be i)iarerlalty niisstated. If we Idenilfy such iiiatulal iii¢onslsteiicles OF appareiTrt mteitsl IAlsstatoments. we are Yofjulred to deteimlne whother there ts 8 material mlsstètement ii) the Ilnanclal SEatements or a materlal m15Stateineiit ol thÈ ollier Inlorniatlori. If, basÈd on the work we have peiformed, we contlude that there15 3 m2teriHI misstalement ol thls otherInfMat1on, we are required io repa¥t that fact. P4Èe 12
Empower Youth Zones Ltd Independent Auditor's Report to the MemF)ers of Empower Youth Zones Ltd We have i)tsthln#to reporl lil thls lerd, Oplnloti on otliEr M3tter prescribBd by the CompanlesAct 2006 In ouroplnloi), based on tliÈ work undeiiakeii Iii tlie course ol t1 aiidlt.. the I1)foriatIO1) Élven In the Strategk ri1t aiid Trustees. Report lor the linaridal year for ivhlcl) the Nnandal Statem are prepaied15 conslstent t the financlil statements) ond the StrateEk RepuTI and T¥u51ee5' Report have been préparÈd in aewrdance th 4pplScèblÈ 1È8al requIreMlS, Matters on whkh we are ¥ÈqtslrÈd to ¥èptsri by exceptlon ID the Ilght ol oui knowledge and underslandlng of tl* diarlty and Its ènvlronment obtalned lil tho wurse ol the audlt, wè lièvè not Identlfled iNateilal m155tatwnersts In the Strateglc Report arKI the Trustees, Report. We113vo nDthlng tu report In respect of the followln8 matters where the CompttthiES Acl 2006 requires vs to fÈport to you 11, Ili OUT oplnk)n- adequate Jccountln8 rÈ£ords liave not been kept, or relurns adequate for our 8udlt have not been recelved from b¥an¢hes notvlslted by us- or rhe Ilnonclal statements are not In agreement wlth the accountlng records and returi)$.' or ce¥tain disclosures of irusleÈs reinune12tlot) specilled by laware not ¢iiade.' or we have not rece all tli8 Informatloii and e¥plan)Ilons we requlle forour audlt. R¢5PDlJ51bllllles of irustees A5 explained more I11¥ ii) t1 Stalement ol trstee5, resp01151bllltles (set out (Mi pa8e 10 and 111, the trustÈes are responslble to¥ tho prÈparatlon of ihe Ilnanclal starernents and for being satlslled that tliey elve a truÈ and lalr vlew, and for such IiJtÈmal coiitrol as th2 ttustee5 detormlne 15 npcessary to •iab5p tlie preparatloii ol linaiidal statemeiitsthat are Iree from n)èterlal nilsstaleiiienl. wlieuier due to fraud oièiror. In prepar18 the flnaiKlal slatements, tl)e trustees ère re5poi¥sINe for assessrng the charily's 8bilit¥ to ¢ontlt)ue as 8 so1 coiicern, dlstlosliiÈ, as appllcahle, mallers relèted to 8olnE concern and using the golng conrern basis of occounting unless tl)e trustees either Intend to lifjuldate tl)e charlly oi tij cease t4)eratlons, or l)ave rÈ3tlstlc 31tematlve but to do so. Audltor respuDslbllltles f<irtlig 4udlt of Ilie fln?ndal Stateme15 Our owecrlves are ro oL)taln reasonable assurance 3bout whothÈr ilie fLnai)Ci%il stc1teinents as a whole are free Iro1 materlal inSss(¥temen¢, whether due to Iraud or error, and to Issue an avdltor's repoft that Includes our opii)ion. ReasonaNe assur2Dce Is a li18h level of assurance, bul Is nut a Bu2rantÈe Iliat ali audlt conducted In occordance th ISAS IUKI wlll always detect a matÈrlal mlsstatement wlieii It exlsts. MlsstatemEnt5 r.an arlse lion) fraud or er¥or and are ctshsldeTed materlal 11, 5ndldallY or In tlie aggregate, they could reasonably be eKpe(ted w Influente Ille ECQnQTnk deCIOnS ol users taken on tlie basls of these fltsantlal statemenis. The Èxtenl to which our procedures are ctipbble of dete¢tlnE IrieBulaTlties, Ii)dudln4 Iraud15 detalled below: Page 13
Empower Youth Zones Ltd Independent Audltor's Report to the Members of Empower Youth Zones Ltd We con£ldered tho nature of the coinpiny's Industr¥ and Ils Control envl1tsht, al revlewed the company's documentatloii of tlidr pollclÈs and pT0dUrel relath)g to Iraud alld ¢ompllan¢e wltli laws ad rÈgulatlon& We also quIed olll?ana8eiTrent about theirown idenlilication and assessment ol the rlsks ai)d IrIe8811tles. We obtalned èli yderstandIng of the le8è1 and re8ulatory Ir8mÈwork that the company operates In, and Idetr)tlfled the key laws and re8ulailoi)s that: • lidd d dlrect effe£t on the dÈtermliiaNon of materlal anwunls ènd dlsdosures li the flnanclal stalwnenls. The Included UK Compaiiies Act. tam leglslatlon. peiision legislatlon,. and do not have a dlrect effect on the Ilnanclal statements but cornplknce with whlch may be lundamental tts the comp8nv's aF)Illtv to operate orto avold a materlal penalty. The Included GDPR. employment law, lieatth andsafeiy athd bulldlrt8 iegulaiions. We discu$5ed ainong the audit engagemeiit teain the opportunttles and inc¢ntlve5 that may exist wlthlii 11)e rdanlsatloh forfvaud atid how 8t)d ivhÈrÉ fraud Ireht otcui. ll) tlie flnandal 5t•tements. ltr) cnon wlth all audlts ui)der15As IUKI, we are also requlrÈd lo perform speclflc protedules io respDnd to tlie rlsk of manaBen)e*t overflde. In 8ddressSng Ilie Tlsk of frau(I tl)rovgli mai)38emenE overrtde of controls, we tested tlie approVrlatiÈss of lou131 entrlés ènd otlier adluslmer¢ts.' assessed )ether tlie judgeinents t))ade In makinu accountinE e511mated are Indkallve ol a potenlial bias,. and evaluated the buslness ratl¢nale of ahy sIBnlllcant transdcuons 1113tare unusual orout51de thÈ ttOlln31 c0ts15e tsf buslne5& In addltlon to thé alw our predUleS to respond tothe r15ks Identllied Included the fijllowlng.. • revtewTns Ili)èTrclal 5t3tement dls¢losyres by testlng to suppoit&ig dd¢UlentOtlOn to #ssess compllance wltli PrSlO$ of relev4ni laws aiid reEularlons tl)at have a dlrect effect on the flhanclal staternent,. perl<>m31nu ?nalyllcal prucedijros to lthntlfy arbv unusual or unexpected ielatlon5hlps that may Indl¢at¢ rlsk5 of inateTial IMi5statemeiil due to Iraud. enquiring of management and In-housel external letal counsel acttsal and potentlal IItIEatkJn and lalms, and Instaii¢es of Ji0n-¢ompllanwlth laws and regulaLIoiis.' and readli)g mlnutÈs of meellngs of those £har8ed tI}BoVernatÈ. Tliere are inlieTeiit limilat1}s In our audlt procedures described above. The moTe removed that laws èthd regulalloiis are from finariual tronsactlon5. Ihe less Ilkely It Is thatwewould become aware ol lion-1)p1Sace. AudltlnB 5landafd5 also Ihnlt Ehg audit proVre5 ie4ulred to Identlfy n¢)n-¢ompllano vJlth IdWS and regulatloiis to enoulry of t1 dlrectors and oiher maiiaftement and tlie IiispÈctloi ol regulatory aiml k8al ¢orTe5pondence, If any. aterlal mlsstatements that arlso due to Iraud can be liarder to detect thantl)ose ihat artse Irom error as they maylnvolve ddiberale concealmeni orcoflu510n. PagÈ 14
Empower Youth Zoiies Ltd IndepehdÈht Audltor's Report to the MembÈrs of Empower Youth Zones Ltd Use of ouy report This ieport 15 made 501ely tts tl)e charlttwe Lompany'5 twsiees, as a body. I accordance th Chapier 3 of Parl 16 of the Companles Act 2006. Our audll work ha5 bEen iinder¢aken so that we ml8ht 5tato to the charlty'S tiustees those n)alters we are Teoulred to 51ate thoin In an audiioes repori orbd lor ho olhei purpose. To the fvjllest extent permiired by law. we do not accept or assuino respoi)slblllty to ttryolle other tlian the Charltable rnmVaY and lis IrusieÈs as a body, lor our audll work. loy thls report. or fw Ihé oplnlons we have formed. fi,,,V b (%kJ Mr Dan71en wThe RllÈy FCCA (Senloi Statutory Auditor) Foi. and oli behall olAlextra Audit Limited, StaLtstoiyAuditor 7-9 Macon Couil Crewe Cheshire CWI 61A Date:... P88e. IS
Empower Youth Zones Ltd Statement of Flnanclal Actlvltles forthe Year Ended 31 March 2025 Ilncludln8 Income and Expendlturè Account and Statèment of Total Retoghlsed Galrts and Losses) Uiirestrlcted funds Restrl¢ted fuiids TDtal 2U25 Note Income abd Endowment$from: Oohatlons and legacle5 othertradlnB acllvllks Investmeht Income 1036,395 156.003 160,097 9.844.244 11,280,639 lJf6,003 160,097 Tgtal Income. 1,752M95 9,844.244 11,596.739 Empendlture on: InvÈstmÉnt eosts Cliarltable 2ttlultles (37,7041 IL319,9651 18.4001 137,7041 12,(J50,8361 18,4001 1730,8711 6ovemance costs Total Èxpèndlture Galnsllos5es on Investment 355ets 11,566,069) 119,9291 1730.8711 12.096,9401 (J9,29) Net Incoine 366.497 9.113,373 9.179.870 Wet movement li) funds 36G,497 9,113,37a 9.479,870 Recondllatlofi ol funds Tot31 lund$ brou8lit forwaTd 4,094,423 8,351,308 12,445,731 Tot81 funds carrled fviwaTd 22 4,46a.9211 17A64.6RI 21,425,6ni The iiotes on p8gÈ$ 20 to 34 forin an Integral partol these Ilnanttal $LaiÈinenis. Page 16
Empower Youth Zones Ltd Statement of Flnanclal ActlvltlÈs for the Year Ended 31 Ilftarth 2025 Ilncluding Income and Expendlture Account and 5tatemont of Total Re¢oEnlsed Galns and Losses) Uiirestrltttrd funds Ilestrlctod IndS Total 2024 Note Iiicoine aiid Endowmonls from: Doiiaik>n5 aiid le8acle5 Other IradJnE Èttwitl*.5 Investmertr Income J,079.293 174,782 13&735 2,587,646 Y,666,939 174,782 138.735 Total Ine 1,392,810 1587ts46 3,980,4S6 Expendlture oil: Charitable actfvltles 11,275,8931 17,8301 1320,6851 11,596.5781 17,83Ql Governaiice costs Total expendlture 6?jnsllosses on invesfrnenl assels 11,283.7231 146,306 1320.6851 11.604,4081 146,306 Not illcomÈ 255.393 202,980 2.266.961 202.9801 2.522.354 Transfers beiween fund$ Net movernenl in lutKIs 45&373 2.063,981 2,522,354 Recon¢lll8tion of funds Total lu)Id5 brought forward 3,636,OEO 6,2a7,327 9.923577 Tota5 lund5 carrted forward 22 4,094,423 8,351.308 11445.731 All ol the charfirfs acllvllles derlve from contlnulnRoperatlons durlng th¢ abovetwo perlods. The fvilds breakdowii for 202415 Shown in ncte 22. The tM)tes on pÈ8è$ 20 to 34 Iwm an Inte8¥al parl ol these Ilnahckl statements, Page 17
Empower Youth Zones Ltd (Reglstratlon number: 113091371 Balance Sheet as at 31 March 2025 2025 2024 Note Flxed ttssets TanB5ble assets 14 17.622.113 8,496,033 Current assets stocks Debtor5 Investments Cash ot bank aiid In nd Is 1,2(tyJ 169,952 2.743.446 3.533.213 L435 287.578 1750,659 2,551,639 16 17 18 6A47,811 5.591,311 Credltors,, Amounts falllnB duewlthln one year 19 12,144.3231 IL641,6131 Net ¢urrent 8558ts 4.303,488 3.949,698 Neta$5el5 21.925,601 12,445.731 Funds of the ¢harllw. Restrfcted Incomefund5 Restil¢ted lund5 22 17,464.681 8.351,308 Unre5trlcled Income funds Unrestrlcted funds 4.460.920 4,094A23 Total luiids 22 21,925.601 12M45.731 The finantlal statements on pa8es J6 to 34 were 8pproved by the trustees. and authorlsed for Issue o I..110/1%. and s18ned on thelr behalf by. rner Clialm)an and trustee The note5 on p38e$ 20 to 34 lorm an Inieyal paTt of these Ilnanclal 5tatemeni5. Page 18
Empower Youth Zones Ltd Statement ofcash Flowsforthe Year Ended 31 March 2025 2025 2024 Note Cosh Ilows frdm optratlng ac11tIeS Netca41 Income 9,479,870 2521354 AdJusiilleAts tts eash flow5 from noii.(a511 Items Deprecla15oh Investrneiit Income Lo5sllprofitl on disposal of IiiveslmenES 82,613 1160,0971 19.929 91.seo 1138.7351 1146,306 9,421315 2J28,893 WorlilnR rapltal adly5tm¢nts l)euÈJse In stocks Decrea5elllncreasel In debicrs Increase In c¥edltors 15 235 949 1225,2061 I78.•1 16 117,626 502,710 19 t4et cash flows Irtsm opeT3tln8 attlvliles Cash flows fiom Invesiihg 8¢tlvl¢les IIiiwé5t rece1vble slmllJr Ince@ Purcha$e of tanglble flxed set5 Purthase of Invostments Sale ollnVestnryts 10.042,886 2,283,290 160,097 19,208,693) 12,743,4711 2,710,755 138.735 11,745,S991 1776,7011 731563 14 Net c?sh flows Irom Inveslln6 adltIeS Nel INrea5e In cash and cash equ1v4Trts ,0&1.31?1 1652J)02 981.574 631288 C2sh and cash equlv3lents at l Aprll et5h and $h equivalents at31 March 2.551,639 1,920,351 3,533,213 1551.639 All ol Ilie ro511 flow5 ère derlved from tontlmiliie operatlons durlngtlie above two perlods. The notes on paEe5 20 10 34 form ali Inte8¥al part of thesellnanclal statements. Page 19
Empowér Youth Zones Ltd Notes to the Flnanclal Statements for the Year Ended 31 March 2025 I Ch¥rlty siatiis ThÈ clTrarlly Is limlted byguarantee, Intorporated In Englarid al Wales, and conse4ueiitly does notlibvtr. $hare tai)Ital. Eadi of the tru5tQQ51s Ilable to contrlbute an arnount not excee<ling £30 towards the asse15 of the charliy Inthe evpntol Ilqvldatlon. The a¢fdre$5 01 Ws 1È8iStered olfke 15.. Hldeout Yovth Zone l Queen's Avenue Mand)ester M12 SPX 2 Atcountrngpolldes Summary of slgniflc8llt eccountlnE pollcle$ anfl keya¢countlh¥ estlmhtes The prlntlpal xcountlnE pDllcles app11ed In the prepaiadcl) of these liThanclal statem¢nts /rÈ set ot below. Tliese pollde5 knve been ronslstently applled lo all theyears p¥esented, unlèss otlierwlse stated. St8lemttnt of ¢ompllance The linanci?I dalemonis have been prepared In a¢¢ordance wlth AccouThtlnE and Reportlng by Charftles.. Statement of Trecommeiided Piactlce lappllcable to ch3rltle5 preparlng tlielr accounts In accoi'd8nce wtth the Fli)anclal Reportlng Standard appllrahle lii tlitr iIK ènd Republlc of lYelat)d Ir.RS 1021I115suÈd ID October 201YI ICharStlÈs SORP IFftS 10211, tlie Fin(la1 Reportlng Standard applkable in the UK ond Ropubllc of Ireland IFRS 1021 the clp&nIeS Act 2006. of pYep&ratlo Etnpower You¢li Zones Ltd meets the dellnlElon of a public benellt ehtiiv upder F8S 102. Assets and Ilabllltles ate Inltlally recognlsed at lilsiorfcalcost 01 transacthJn value unle55 Otlie¥wlsÈ stated In Ihe relevant accounline pollcy notes. Tlie5e flnanclal stalements are prep%red In Sterlhi8, whlcj) Is the functloiial currency of thÈ company. All M[yaTountS rouiided to Iho nearest E. Gol#8 concern Tliè tiustees conslder tliat ihgit arè Inaterlal uncertslntles about thg Ili4Tlty's 4billty to continue as a going coi)cern i. any si8nificant aTea5 of uncertainly tliat affect tlie c8rryiiigvalue of asseis lield by ihe tharlly. P3ge 20
Empower Youih Zones Ltd Notes to the Flnanclal ststements forthe Year Ended 31 March 2025 Jud8ements In the applicallobi ol the torblP3ny's accovntli)g polkles, the dllectors dre required to inake judEements, estlmates and aswinpiioiis about the carrwnR amouiit ol assets •nd Ilobilltle5 tl)al are not readily apparei)t from Diher sources. Tl)e estimates 21)d aswtialed assuiiTrptlons are based on hlstorltèl experien and other fa¢Eors illat are coiisidered tL7be relevant. Attijal results Inay dlllei. from these esllmates. The estlmètes and undeily¢nB assumptloiis are revlÈwed on ongoing basis. Revi51ons to accountlil estliTr)ates are recogni5ed Iri tlie perlod In whlch Ihe estlmate Is re¥Ssed whère re110 affects only Iliat Peorf, In Ihe period tsl rev4sloii ènd future peikxlswliere the revt51011 affeds both current aiid future periods. In¢om¢ and erbdowMhts All lthcory)e15 recognised once tlie charlty has entltlernept lo the lCOme, it 15 probable that the Incme will be received and thÈ aiM(>utttof Llie knconie TecElvable can be Ireasuitsd rellablv. Fordonetions to be recognlsed the (harlty will have been nolllted of the aiiiourits iThd the settlerneDI date In wrftlng. 11 there are condltlons attached ¢0 the donatlon aiid thls reqLilres a level of pEifonnaAce beforp entltlempnt Caa be obtalned ilièn Iricoihe Is deferred viitll those tondlllohs ore lully met or the fulf1l1met ol th¢se toiidltlon$15 wlthlTr the wiilfoj of ihe Ch3rlly and11 Is probable thot tlioy WTII bè lullllled. Investment inconie repiÈsents amounts receivabk in respect of the period. Atcwed Income 15 recogn15ed on Thvestment5 up lo the balènce sheÈt dète. GoThts in connectlon wlth tlie lob letltIOn scheme are recognlseif In the pielod to wlilch the underlyln8 Staff ctssts relate to. Expenditure All ¢xpendlture recog11ed once Ihere ts 3 le881 or wThstru¢iive obllEatiort to ihat expendllure. It Is probable sÈtllÈment Is reqii5red aild ilie amoiinl can be nieasured rellably. All Costs are aOcated to the appllcable expendlture headiDB ihat 38greBate 5iniilar costs to that c3teRory. Where tosrs tanTrot be diiertly attrlbuted to partlcijlar headlngs they have beeii allocated on a basls coiislstent wlth tlie use of resources, wltli traI stall t05ts allocated on tlie b881s of tli)ie spent, and depredatlon chaiBe5 allocated on the portlon of the assÈVs use. Oihersupporl C0$15 are allocated based on the spread olstaff costs. Gmnt expeiidltiire Gr8nt5 payable are payinents made to thlrd p8ile5 111 the furtl)Èr?ncè ol thè ¢l)arllable oblecilves. Where the tharlty 8lve$ 0 8rant wlth conditlons for It5 payment lJoln8 J specillt level of service or Quiput lo be provlded, such graiit5 are only rocowitstrd In tl>e Staiement Fliiandal ALtlvltles once tli rt¢lplent tsl the xrani ha5 provlded the speclllcservlce or output, Grants payable wlthoji performance condltlons are lE£OlIsd Iii thÈ 8¢counts whett ? commltment h35 been Jnade aild communlcated io the reclpleni, and there are no coiidltlons to be met relatliw to the want whlth remain in the coiitrol of Ihecharlty. 6rqJJt pmvlsloi Provi51on5 for 8raiits are made wlien the Intonllon to rnake a B¥ant has been comMunl¢ated io tlie veclpleTrl but thei'e Is LuicertalDty abDUt olthe¥ the tlmln8 of the 8raiil or the amount ol grnnt pHyalJle. PaBe 21
Empower Youth Zones Ltd Noles to the Flnandal Statement5 for the Year Ended 31 March 2025 GovernaM¢e costs Tlie5e IndudÈ tlitr cost5 attilbutahle to charftrfs fJ)mpllants wlth con5tltutlon41 and st?tutory YeqiilremeThts, Ihtludlng audlt, strate8tc mai)a8ement and trustee5 theetlngs and relmbursed expenses. Tamatlon The charlly Is lis1dered io pass the tesl$ Set out In Paragraph I Scl)edule 6 of tlie Fliiance Act 2010 and Iherelore 5t meels ihe deliiiititxi o( a charitable compatiy lor UK cortx)ratlDn lax purposes. A(Cor(31n8, tII charity Is polentially Exempt from layatlon In respecl ol Iiicome or capltal EalDs rÈtelved w5tliln categorles covered by Chapter 3 Port 11 of the cparatIOn Tax Act 2010 or Sectlon 256 of the TaKatlon of Chaigeable Galns Att 1992, to the extent Ehat svdi Income 018alns are applled ex¢lvsively to charltable purpose& Tahgtble Ilxed assets Indlvldual Ilxed assets costlng £250 or me are It[allY recorded ai Cost. Those Teflecl the loitial plannliiB and developmÈnt costs ofthe asset under consiruttlon. DepreclBtloii aiid amtyytlsatlon Deweciation Is provldpd on tanglblt flxed ossets so as to write off the c05t or valuotlon, less aiiy e511mated resldvèl le, ovex thelr expect uselul economlc Nle as follows.. Asset dass Leasehold pioperiv Flxlvies 8Dd fittings Computorequlymeiit Gyni equipment C8terli)g equlpment Plant and m?chlnery Motorvehldes Depreclatlon method and rate 0.8% bosed on a lease of 125 years 10%- 25% Teduclng balaiKe 33% slralaht line 20% stral8hl line 33% stralEht Ilne 25% Feducing balance 2( stralÉht Ilne Curtent asset Inve5tmertts listed Investments 8ve shown at maFket value atil)e balancesheet date. Stock Slotk Js valued at the lower of Eost and estlmated seMln£ pricp less costs LO complete and sell. after duÈ reEard (orob501elÈ and sk)vJ movong slocks. Cosi b dÈiemiliied uslng Ihe llrst-lii. flrst-out IFIFOI. Debtors 8hd eredltOl$TeGolvable/ p8¥8ble wlthln onèyeay Trade deljtors and (sedllors wltli iio stated Iiiteres rate ahd recelvable or payablo wlthln one year are recoEni5ed Inlti#ltyat the transactloii prlce. lossÈs arlslrhg from Impalmie)It are recoBnlsÈd In expeildltre. ash and CBsh equlvHlent5 Cash and cash equlvalèhls tf>mprl£e cash on hand ond call dÈposlty 3thd othÈr sIrt-1@1M ht8hly Ilqvld Invle17¢S ihat are readlly Converllble to a known ainour4101 t)$112nd are subject Lo ali Insl8nit(tant rlsk OF thangeTrs alUe. P88e 22
Empower Youth Zones Ltd Notes to the Flnanclal Statements for the Year Ended 31 Maych 2025 Fmnd siructure Urtrestriciod fuiids al'e 3vallable for use at tlie dlscretlon of ihÈ Trusteos furtheranto of the general objectlves of tlie Chorftyond wlilch h&ve not beeli deslgnated for olherpuiposes. Re5trlcEed funds arÈ funds whlch 3re to be usèd In BCCQTd3nce wlth specific iestrtctlons Imposed by donors ur whlch have bethi ra15ed by the cliarlty for pariicular purposes. The cost ol ralsing and admlh15terlDg sucl) fu)Id5 Ie cl)ar8ed agalnst 11)e specl(Ic fund. The alm and use of each restricted lund Is sei out th tl)e note5 to ihe (Inhnclal 5fatementS. Penslons and otlierpost retlr&m&nl obllBatlons A deflned c(Nivlburi&ii ptan Is a pÈnslon p18n under whl¢h flKed tt)ntrlJMttlons are pald loto a penslon fui)d and the comy31)y1185 no legal or £OhsinJcilve oblleatjon to pay furtliw tontrlbtsrioNs evet) 11 the fund doès iioi hold sufllclenl assets lo pay 811 eniployees the benefits relatln8 to employee servite In the curreoi and ptior perlods. ContrSbutlot)s lo dtrflned C<>trIbUtIo11 plaiis èrè iecogiilsed as employee bvTreflt expe1)* when ihey ère dve. 11 tonlrlbijllon payniÈiits exteed the toE)trlbution due lor servi, tlip excess15 Teco8n15ed a5 a pi'epaymeiit. Page 23
Empower Youth Zones Ltd Notes to the Flnaiiclal Statements for the Year Ended 31 March 2025 3 Incoine from donatlons Hhd legariES Unreslrlctg lurbd$ General RÉ*tvlttÈd funds Yotal funds rJonatioiis- capltal Oonè110115-Qther 9,195.752 621,030 9,195,7S2 989,169 212,903 761,899 120,427 4A9 368.139 212.903 761.899 92,965 489 Loc31 authorfty F(xJnder patrons Grants, trnsts & foundatlon GHt aid 27,462 Yolal for 1025 1,436.395 9,844 244 11,280,639 Total for 2024 1079.293 2.587,646 3,fj66,939 4 th¢ohFe lyom othey tradltyE t[tr¢S Unrest¢lcted funds 68lleral Total flattds Young People's a¢tlwty sessttsns 58,613 97.390 97,390 Toial lof 2025 156,003 156,003 Yotal for 2024 174.782 174,782 S Investhnent Income UnYestvl6ted funds onèral Total lunds Income from 1iwe5tmei5 Bank Intérest received 9,977 90,120 69,977 90.12D Tot&1 lor 2025 160,097 160,097 Total for 2024 138.735 138,735 PogE 24
Empowet Youth Zonès Ltd Notes to the Flhanclal Statemehts for the Year Ended 31 March 2025 6 Emp¢dI1uIe on Investment$ ?) Investment managemontcosts Un¥e51rScled funds General Tolal fuiid5 Noto Admlnlsrr811oii of the Invesrnnt5 37.704 37.704 Tot81 for2025 37,704 37,704 7 Expendllure on thayltable actlvltles UNrestrfcted Restrl¢te funds Total funds GeDer&l Ntjlo FRelance and agency 5tafl Slaff traiftln8 -Stafl uTh1form staff ir8vel expenses Stjff and volunlee15 OBS thÉ¢ks Leeal and prolesslonal lees Fund4aisln8 and evenls A(fvertlsln8 Re¢nJirment ndiytxpenses Premlse5 C05t5 It)suraiice Teleplione and fax Coirputer softwai I4117tenantE costs 9.343 18.692 6.765 3,968 3.682 28,311 32.398 14,539 9,343 18,692 6.765 3,968 3.682 136,401 32.398 39.776 47,028 12,639 175.531 29,576 5,198 108.090 ?5,237 15,487 12,639 17S,531 29,576 5.198 34,976 4,904 1.907 13,763 34,976 4,904 1,907 13,163 5,587 891 Prlnlln8* l>OSta8e and stallonerv Iluspltalily Llcences Bank charges Bad debt5 WTltten Dfl 891 t)eprÈclatlDn Wages and salaries Cateih8 equlptnent 5,333 760.426 58.729 77,281 491,3S7 82,614 1,251,7È3 58,729 PaBe 25
Empower Youth Zones Ltd Notes to the Flnanclal Statements for the Year Ended 31 March 2025 Unrestrlcted furÈds G¢hdral Restylcted fuiids Total lunds Note Trlp5 and re5idenllals Youtli WO tos1$ 15.86S 45,401 15,865 58,820 13119 Totsl for 2025 1,319,965 730A?I 2,050,836 Total lor 2024 1.275.893 320.685 1,596,578 8 eovernance cost$ Unreslrfcled funds G&n&ral rotal lunds Noto Audit fee5 Audltof the ffnahclal 5t4ternents 8,400 8.40D Yotal for 2C125 8,400 8.40D Total for 2024 7,830 7,820 9 Nel IncornlnE/outgolnR resources Not htomlng rOurCeS IDrthE year Indude: 2025 2024 Au(kntfees 8,400 82,612 7,830 9th,581 Depredatlon of fl¥¢d 05set$ Pd8e 26
Empower Youth Zones Ltd Notes to the Financial statements for the Year Ended 31 March 2025 10 Trustees rémunoiatlo# ab)d &wettse5 klo trustees, nor any persOr connected wllli Ihern, have rece5ved any reimunerèllok) froin ihe cha¥lty durlng tlie year. No trustees have. recelvttl any rtiinbiJrsÈ.tl expenses oi'any otlier bei)ellts from the ¢h3rlty dvriii8 the year. 11 Staff cost$ The a8gYeg81e payroll $t$ were as follows.. 2025 2024 stsff ¢0st$ durlng the year were., W8ee.s 8Thd salarles Soclal str£[[tY costs Penslon costs 1,158,493 77,765 15.525 I,IK18,543 61A53 13,255 1.251,783 L¢)83.251 The Inoiiihty averaRe number ol persojis linduding senlor mana8emeiit / leadershlp ieaml ernployed by tl)e chaiity durrngtheyear was as follows.. ZlJ25 Nuillber 2024 Number Average mimber of employees 63 The number o(empbyee5 whose emolumemis fell wfthln the followlng bèiids was: 202S 2024 No E60.001- £70.000 £70,001- £80,OUO The a88reBate remuneratlon of the Koy Manageinent PÈrsonnel, wprIs11)E of the Chlel Execullve, Head ol rin?e. DlrectlJT oloperation5 aait Dlrectcf of fundra151n¥ & coinn)unkatlons was £245,224121r24: £215.2441 IZ Audilors. romuneratlon 2025 Audlt of the fln•nclal siatemertts 8,4 7.B30 13 T8X8tlon EmJ)owÈr Youth Zones Ltd Is a re8lstered Ch?riiY. tliÈ tomparty's Income Is applled to Its ch2rliable objettives andlhe C0ft7pany is Iherelore exen)Iit undercurrent leelslation froim nst fwms of taxatloii. Page 27
Empower Youth Zones Ltd Notes to the Flnanclal Statements forthe Year Ended 31 Mar¢h 2025 14 Tan8lbte 1SHfrd assets Furnlture and 84uipment A5sels linder COllSlruttlon bulldlhgs Motorvehlcle5 Total Co$t At IAprll 2024 Addhtlojis 6J47,395 311,635 270.2S5 10.000 2,214,550 8,938,438 8,883,580 9,208,693 At 31 Mèrch 2025 6,347,395 581.890 10,000 ILJS2,988 18,092,273 Oewedatlo At I ApTII 202 Ch3r8& loi tlie ye 177,886 50,779 201,984 29,834 .5.678 2,000 387,547 82.613 At 31 Marcli 2025 228.665 233,B17 7.678 470,160 NÈtbook vAlue At al March 21¥25 6.118.730 348.073 2,322 iJ,152,988 17,622,113 At 31 Mar¢h 2024 6,169.509 4,322 2,214,550 8,496,033 15 Siotk 202S 2024 stocks i.zoo 1,435 16 Débtorj 2025 2024 Tradpdebiors Prepayments Accrue(I Income Othey debtors 43,135 61,267 30,369 3S,181 16,746 29,340 241,492 169,952 287,$78 17 Cuirent asset Investments 2025 20 L15ted Investments liilere5t bearingdep0t5 2,243,446 500,OOD 2.250.659 500.fXXI 2,743,446 2,750.659 Pa8e 28
Empower Youth Zonès Ltd Notes to the FSnanclal Statements for the Year Ended 31 March 2025 Usled Investments Cost orvaluatlon At I ApTiI 2024 Revaluatlon 2,2SO,658 119.9291 2.743,472 12,730,755 Addltlon5 DlsposoE5 At 31 March 2025 2,243.446 18 ¢4sh and r4511 equlv31ents 2025 2(J24 Cash oil hand 621 1,452 2.510,609 39.578 Casli at bank 3,519,540 13,05Z SIt-(erIn deposits 3,533,213 1S51,639 19 credltotsp. 8mounts lolllng duewmhln one year 2025 20Z4 rrade ciedltors otl)Èr taxatloh 8i¥d &oclal Èecurlty other ¢fe.dltors Acttuals and deferred Income 762,822 53.669 109073 1.218,759 626,045 32,734 66,925 915,909 2,144,323 1,641.613 20 Peiislon Hnd othew scliom8S Deflned contilbutloD pttn51tYI schne TliÈ thA¥Ity operates H defined conlrlbulion penslon sc5ieii)e. The pen51vn cost charBe IOT the year represents conlilbutioiis p3yable by the tha*ltV 10 Ehe scheme and aii)ounted to £15.52511024. £13,255). ContrIbtiOlS torallliie £4,89912024- £2,654) were payable to thè scheme at ihe end of the year are Intluded In Other creditOFS. P4e 29
Empowey Youth Zones Ltd Notes to the Flnanclal Statements for the Ye¥r Ended 31 March 2025 21 ComihltmeMt5 CapEtal ¢ommltments The tolal amount contfacted for but not provided In the Ilnanclal st8leixent5 was 5,086 12024 É10,030,8381. Pa8e 30
Empower Youth Zones Ltd Notes io the Flhahelal Statements for the Yèar Ended 31 March 2025 23 Aiialysls ol net asse¢$ between lund$ Unre$tr1GtE lunds Getieral Total funds pt 31 Marth 2025 Restrltted fvnd5 Tan81b assets Net CLtrreTht assets 14,117 4.446.803 17,607.997 1143,3161 17.621114 4,303,487 Total net a55ets 4,460.921J 17.464,681 21.925.601 ljnreslrlcled funds General Total at 31 March 2024 £ IA$ restatedl 8,496,034 3,949,697 Re5trlcted lunds Tanglble flxed et$ Net current Èsseis 4,911 4,089,512 8,491,123 1139,8151 Tatal nei assets 4.094.423 8.351,308 12 24 Anatysls of noi fund% Flnanclng cash flow5 Cban8e* 5 mavket value At ai March 2025 At l Apill 2024 Cash at bank and In hond Curfenl a55el Investineiits 2,551.639 2,750,658 981,574 12.717 3,533,213 2,743.446 119.9291 Net debr 5.302.297 994.291 119,929 ClianBes I market ¥&lue 6,176,659 At 31 Martli 2Q24 AI IApill 2023 flaw Cash at bank and lfi hand Lurrent aSSEt Inv95trneiitS 1,86R.283 2,559,216 689.356 45.136 2.55lh39 2.750,658 146.306 Net debt 4,421.499 734.492 146,306 5,302,297 P3gp33
Empower Youth Zones Ltd Notes to the Flnan¢lal Statements for the Year Ended 31 March 2025 25 Relatd pariy tfansacilons Waterland Prlvate Equlty Ltd Waterlaild Prlvate Eqully LI 15 constdered lo be a r¢laieil pariy hy vlrtue of its relationsJ?Ip with Ryan Ilallwoilh (Trvsteel. During theyear. wattrad Prlvaté Eqully Ltd Made donètithlsol £25,5O012024-. £25,000). At the end ol ilie fknantlalyed¥ Et)111202tl.. £nlll was due Iram Waterland Prlvate Eqtjlty Ltd. Onside Youth Zones Qlslde Youth zones Is cothsldered to b¢ a related party hy rtue of tts relallon5hlp wlth James Ma5ralf ITrustÈÈl. Ourtn8 ihe war, lthc¢)niè and donallansof £94.36012024.. £211,810) were received. At tlie end ol tlie finarKIAI year £10,60112024.' £42,279) w)$ dve frotn Onslde Youth 2one5. Durii)g the year. goods and servlces werÈ provlded io Ilie charlly of E236.95112024'. £266051 At the end of the Ilnancial year E64,341 {2024: EIS,8591 was dije to Ohslde Youth Zones, The Bonk ol Newyotrk Mellon T1 Bank ol New York Mellon Is con51deYed t<> be a relaied pariy by vlilv@ of Its relètioiishlp th Sean Twner Iyrusteel. DLFrliiE the year. The nank ol Wewyork Mellon made donauonsof £16,87012024- £nlt). Al eiid olthe Ilnanclal year £Ill2024., Enill was due fvorn 7he Bank of New York Mellor>. Afvarez & Mar$al Eilrope LLP varez & Marsal lurope LLP fs con%ltSefed to be a related party by vlrlue of Ils relatloThshlp th JonathaD Èoyers ITiU5feel. Durlt)8 iheyear. Irkcotne and donatloiis of £25.26412024.' Enlll werp recefved. At tho end of ihe ftfjancial yearE26412024., Enlll was due fwom Alv7rei & Marsal Europo LLP. 26 Control There Is no ultlmate ¢oiitiolllng parlv. Page 34