REGISTERED NUMBER.. 14613939 Charity nUrnr. 1204227 CREWE YoufH ZONE LTD TRUSTEES. REPORT AND FINANCIAL STATEMENTS ' FOR THE PERIOD ENDED 31 MARCH 2024 111 JDFTV4K8 14111r2024 COMPANIES FKXJSE A13
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DonneltyBentley Chartered Accountants Hazlemere 70 Chorley New Road Bofton BL148Y
CREWE YOUTh ZONE LTD IA company limited by guaantee CONieNTS Page Ref•r¢n¢e ¥KI admlnlstrth detai of lh• ¢harfty. Its Irust••s and ad¥i$ws TnJstae¥' r•port (Induding OIrecto. R•port) Independ•nt examlnatton rewl Statsm•nt of finan¢ial a¢llviti¢s lincluding Irb¢om and EXrtUrn A¢¢ount) Balan¢• $h••t 10 Stat•m•nt of ¢ash flo 11 Not•s to Ilflnancil stal•rnents 12-20
CREWE YOUTH ZONE LTD {A company Ilmlt•d by guarwtee) REFERENCE AND ADhllNISTRAllVE DETAILS OF THE COAIPANY. ITS TRUSTEES AND ADVISERS FOR ThE PERIOO ENDED 31 MARCH 2024 Trustees GrahaFn Ram5bottom (ChaFrman) (appointed 24 janu 3Y23) Vanessa Joan Haworth (apwinled 24 January 20231 John lan Sullivan O'Doherty (apFonted 28 September 23} Claire Louise Williamson lapwinted 24 January 20231 Joelle Susan WarTen {appointed 28 Septembei 2023) David Mtchael Ashwell lappointe¢J 28 June 224) Nicola Louise Healh (appointed 28 June 20241 Donna May Smith {appoinled 28 June 2024) Swlor Management Toam Sbjart Manifould - Chf Exetive Company regISter number 14613939 CharSty rog1stor nltmbor 1204227 Registered offic• Suite Ge Atria, Spa Road. Bolt(. UK. 8L14AG Independent auditoffs Donnelly8entley. Hazlenwe, 70 CFbytey New Road, 8olton, BL1 48Y 8aTrkers Handelsbanken UK c. Lakesi¢Je. Festival Park. st0k&Trent. ST1 5RY
CREWE YOUTH ZONE LTD IA company Ilmit•d by gu•rnntq•) TRUSTEES. REPORT (INCLUDING OIRECTORS. REPORT) FOR ThE PERIOD ENDED 31 MARCH 21n4 The Tmstees, who arE also Oirectcvs of the ¢ompany, wesenl their Directors. rewt Ihe purpose5 of section 417 of the Companies Act 2006 and TN5lees' Annual Repjrt for the WJTposes of sKtKin 162 of the Charib85 Act 2011 together with Ihe Financial Slaternents of the Chlty for the period endirt9 31 Mar¢h 2024. Crewe Youth Zone Lld wa5 incorkwyated on 24 janu 2023 (Comparby regslratton nurnb8r'. 14613939) as a ompany limited by r1ee aTrJ regtstwed a5 a Charrty on 7 Auwst 2023 (Charity regi51rat¥Jn number.. 1204227)_ Who we are Crewe Youth Zone. re¢endy rpmed by young people as'Dome'. will be a purpose budl facility for the town's young people aged 8- 19. and up to 25 With addittona needs. The Youth Zone will be located on the Oak Street C Park to the gwih ol the town centre. and is expected lo be completed in 2025126. It is core comporEnt of a wider development funded by Crewe Town5 Fund which sees Ihe development of several sile5 10s$ Ihe twi. The Town$ FurthJ kyogramme whh fe5 on town centre r9generation, culture and heritage. community spxes and con(8d places. The programme wll hlOve substantBI regeneration of the Flag Lane Communty Hub. the exiensitin of Cumberland Arena aThl ihe Mill Street CorrKlor whh 11 see a $ignrfinUY irnwoved cydiNJ and pedestrAn route along the roaj. amongst others. Crewe Youth Zone lIjOin a network ofsimilar independent youth organisationslhal all 5har8 the sarne principles, developed by Ihe Charity Onsbde Youlh ZorEs, which is tlId1rj 21stcenturyyouth faolities acr05S the UK. Youth e5 are based upon a proven mth#ef. whlth has been estsblished in sever4 other towns and crties across the country. and young people from Crewe will have access to a variety of fantastic actleS for a cost of onty £S for an annual membetship and g)p pef Visrt. The Youth Zone will provide a safe environment. where young peOe can spend their leisure time. helping each Yn9 per to raise theiraspirabons, as wdl as improve their physical and mental health. Up to 20 drfferent aCtNitS will take pl8¢e each nh1, as fotstb311, boxing, dancin9. ¢limbing, creative arts. fflLts, drama and emptyabdty trainiTrJ- all foriust 50p per vis The Onside Youth Zone model uses a unue plrwship approh. dravmg together the L(1 Autty. private sector businesses, youryJ people and the wwjer Ictat community. This partnership appfoach aims lo establish the Youth Zone right in heart of the communrty for the I9 terni. whlsi meets"NJ the nèeds of young people today. Preparation for Crewe Youth Zone has been laking ptace fcf a numtw of years, th all the capital fijnding in plate to devdop this ama21ng newfacilty, and an xb.ve revenue fundraisiThJ campaign underway this will provide the necessary funds required lo operate the Youth Zonè for Ihe first Ihiee year5. FollowiryJ the end of thefinancièl period. site preparatior6 are urKlerway, and we look forward lo construct# w(Kks progressing in 2024125 and throughout 202S126. Expectations a offic1 opening tak¢ng place in 2026 when Crewe's young people can begin to benefft from Ihe¢r arrkaang new Youth Zone. Structure vemance and rnana ement G0MIng do¢umont Crewe Youth Zone is a company limited by guarantee wlhout share cala1 and registered under IhÈ Companies Act 2006, registration number 14613939. The cornpany is govemed by its Memorandum and Artides of A550cialion dateij 24 January 2023. Management of the cornpanrfs affars is vested in the CoireCtOrs. 11 a - C_harity gistered with the Chwity Comrni5540n on 07 August 2023. In the event of a winding up, the present membws and those who have ceased to be a member within one ye8r of such an event have aranteed the liabilitie5 of Ihe company to Ihe sum not exoeding len pounds each.
CREWE YOUTH ZONE LTD IA Company limit¢d by guranlo¢1 TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE PERIOD ENDED 31 IAARCH 2024 The director5ltrus1 w1 5erwJ durlng tl pwiod ¥e.' Graharn Ramsboltom IChaThn) V8nessa Joan Haworth John Ian Sullivan O'Doh8rty Claire Louise Williamson Joelle Susan Warren Recruitm¢nt and appointm•nt of Tru8t•e8 (Dir•ctorsl The fir51 Dire¢tN5 were the subscribers io the memorandum as notified lo Companies Hous• as the first Directors of thè Charity. A person appointed as a Dire thereupon IorneS a Membw of the Charity and a Director vtho ceases to hold offK% fcf any reason thergjpon SeS to be a Member of the Charity. Directo have the power to apFK)int. ty ordinary resolution, any person to be a Oir8Ctor wlxj s wdling to acl as such. New Directors wll be ro¢ruited awrding to the needs of the Charity and the suitability of posthe eandhlates. A unanimous approvat of existing Directors b%yJld lead to thth'r appointment. The M8morarKlum and Artides of AsS?110n states that the number of members (Directors) shall have no maximum and not be less It)an tPee. At the fr5t Annual General Meet5ng al Directors musl retire and seek rg-election. At each subsequonl Annual General meeb.ng one third ofthe Directors are required to te by rOtst)n and seek re4ppointmenl rf they wtsh lo corrtnue. The Members of the cty are its DiretaoT5 the bme bwNJ and the onty persons elKJible to be Members of the Charity are its Dwect(ffs. Full details of the rules are Contained in ts Mparf$ Mèmorandum and Articks of As5co"alion, dated on iOrp(tion on 24 January 2023. may be inspected at the Crewe Youth Zone registered offi. A pay VIeW wll be conducted annually by the Chief ExecutNe with a tffoposal being brought to the Nomlnalion & Remuneration Committee. The CEO rernains responsible for Ihe proposal of the Organis8tion's ernployees remuner8tion with oversight Irom the Committee. The Committee shall be consulted on the CEO'S proposed lolal Fdanned aggregate employee costs for the next financial year. irKluding the proposed standard annual salary u1ft, prior to the setting of tt)e annual txjdgel. A number of scÈnario$ may be prew1 to the Committee which constder economic conditions. indNidual perfan and the financi security of the Organisation Organlsatlonal structurè Crewe Youth Zone is govern by its Trustee Board vthKh reSp(ThIb lor setting the strategt dyrectK)n of Iha ganisalion and the polw of the Chanty. The Trustees cary the ulb.male re¥nsibIlIty for the conduct of Crewe Youth Zone and for ensuring thal Char¢ty salisfie5 its legal and contractual obligations. TnJstees meet approxim8lely 5 Iirrie5 a yew and may ddegale the impknlatIOn of Iheir derysions or daY-ldaY operation of the organisalion to senior management. any employee of ihe Charity. person or cornmittee as they see fil. Any committee rnu5t include at leasl one Truslee. The Trustee Board u% independent from maroJerrtht. Oe¢i5ions are det¢miined by a swnple majryity of voles. In Ihe case of an equality of votes the Chainian of the fngeting has the casting vote. Risk manasom•nt The Trustees have considered the major risks to whKh the Ch 15 exposed arKI have established 5uiiable risk managerTTenl and control pro¢e(1ure$. R•lat•d party trwa(ions Are disclosed in Note 16 to finanaal statemmts.
CREWE YOUTH ZONE LTD {A ¢ompany limitqd by guarantepl TRUSTEES. REPORT {INCLUDING DIRECTORS. RePORn FOR THE PERIOD ENOED 31 MARCH 2024 Objective and activities Crewe Youth Zone's r)biects are to help dKenand Yn9 peopl&resident in Crewe and surroun¢Ji areas through Ihwr leisure tirne activit by potij their full physical and sixn'tual potenti81 in order that they may grow lo fijll malurity as rrKlr4i¢Ju and mwnbers of a1 theK corKtitnS of lrfe may improve. Achievements during the period We are indebted to the caprtal fijnders WI have ecrfnmrtteo to supwrt the Ythrth Zoné. ChÈshire East COW1, Crewe Tr)wll5 Fund and the Govwnmernl's Youth Investment Fund have commltted their support lo Ihe caiylal project alorg wlh strategic funders the Garfield Weston Foundation aThJ BP Intemational Lld: together these funders have provNJed of the fin8nces reded fty the construcbon and fft out of Ihe facility wovide all the maining capital ftjnding requi and have been Itrumenta in dnving the project forward. Cheshire East Ctyjncil. Crewe Ttyvns Fund, the Youth Investment Fund have 8150 pwed revewe support during the pre- opening phase and eY years of the Ycmjth Zone's owab"on. The Founder Patron CPajn. whth PYOVkles a signrfKant prwtion of the operating wenue for the Youlh Zone, aims lo seeure a lotsl of £3.4m to SUPPtY( the first three years of nlnning costs of the Youth Zo.. this wll ome from a combinab.on of gJppciers * FcMJnder Patron {£100k) and Cornerslore Patron levels1£400kl. We are pleased to report that we have already ¢>)nfirTned pledges of supwt fronl the Julia and Hans Rausiro Trust. and llxal ernployer Radius. This 0p ts grOn9. and we are moving rsItiVety towards our target of securing 34 Found Patrons pr¥Y lo opening. alongside othu funders WFW) have committed to 5uwth.ng the Youlh Zone. In the lead up to incorporation and thrcrtjghout 2023124. CharTWs Trustees arKI partner5 haveworked tirelessty to ensure the project rernains on course deswte dekys experwKed. Wo are ateful for the resolute support of I th& Youlh Zo.$ furKlers. supporters and champKns vtho have remained committed to our work wth young people. Crewe Youth Zone enjoys the supp of Onside Youth Zors Icharty nurrthr 11258931 in rt5 developmnt and will become a member of the 9rowing OnSKle nefvth ofyouth zty. Public benefit AJI the activits.es of Ihe Charity las summarised above) were urKlertaken lo fvrther its charitable wrp05e5 for public benefit. The provision of a high*ualty town tre facilty for young people responds to a ¢Jear, ongoing demand from young people, parents and wider communilies fflore and better places for youThJ people lo go. Although pro¥idiThJ a servKe to all youTrJ peotye. Crewe Youth Zone wll focus on atteTrJance ar participatson by young members across the entire ¢ommunty who will be ab to enjoy affordable access to all the opplxtunities that the facilrties 11 provi¢Ye. This will lead to improved ¥hievements and enhanced aspirab"or6 amongstyoung members ofthe local community. They wll be happier. health arvj make rre cortstructive use of their leisure time which nsequenvyII help reduce nutsance and anb"50cI4 behavr. Longerterm wblic benefilswll include improved health. reduced rne, enhanced learning and efflpknyatmlity and greater community cohesion. The Trustees of Crewe Youth Zone belreve they have pIled th the duty in secllon 17 of thè Charities 2011 to have due regard to Publ benefft widance wbli5hed by ts Charity Commis5M)n. Vclunt••rs' eontrib(rtion Throughout Ihe period all member5 of Ihe Board of Trustees made irNaluabfe vobjntsry contributions lo the Charily's work in terms of govwnance. professional and business èxperience. firn¢la1 planning. fundrdi5ing and leading inrtialives acro fv proiecL Such Lx)ntribulions were. on averw. equivalent to full days each calendar month.
CRewE YOUTH Z014E LTD (A Company limited by gurnte8) TRUSTEES. REPORT {INCLUDING DIRECTORS, REPORn FOR THE PERIOD ENDED 31 MARCH 2024 ""Investment'actl¥ft••s" _ . Un(Jer rnemorandum'and th"des ofr4ssLwly)n."the thilable company has the wer lo make any vestmerrt which the TNslees see fil. Investments_are_made V•there required lo further the aims and obfre¢ts of Ihe Charity. The Chanty does not wrenlly hdd any Vestments (4her than cash on dep0511 with Handelsbanken plc. Flnand41 revlew A summary ofts results is belcm: Incoming res(rceS Outgjing resources Net irwming resources 874.640 (85.016) 789.624 The Charity is stlll in its eady lrfe 7Mth gaS and donations being f[Ved to fvnd the design and con$lnKlion of the Youth Zone. The Charity continues to oJltNate further donations to Sup1 future wenue expenses from a variety of sources as abo¥e1see"a¢hievements in Ihe period"). The Charity hal total reserves of £789,624 at 31 Mafch 2024. R•s•rv•s policy The Charrty has se¢xJred the furmling to complete the cOnStrtion of the Ycwlh Zcffi? and Ihe Founder Patr Iwenuel campaign well uthlway. The Tru5tee5 have prepared propctions of the operating costs expected once ts facilsty is open. The Board of Truslees of Crth¥e Youth Zone has estsblished a reserves pdi¢y which appropwialely refiects the risks to which the Charity is exposed. Once the Youth Zone 15 operatlng and in compliance with such policy. il wdl review regularfy both the sum it wishes to hoFd in reseNes in the Ltnrestricted budget and Ihe basis forthal figure. Tl reserves does rtCOnSidereXpenlIre whh is linked to restricted prosects ar)d trwefore eovered by reSted fvnds. In reviewng the potential cx)sts that could arise shtxJkJ a sKJnift8nt reductron in income be Irurred, the Trustees have delemined thai unreslrtted. 'free'. reserves should be maintained al apKYoximalety 3 months running costs. This is based on the running costs when the Youth Zone is fully operational an(1 is not therefore based on Ihe expenditure in these counts. Total reserves at 31 klarch 2024 We £789.624 of whrh £789,561 are restricted reserves and £63 a UnStrICted reserves. £787,069 of lot81 reseNes orty be realised ty disposing of fixed assets. Principat funding Sources The Dir9Ctors wish to record tsir thars to all Itw indivTrduals aThJ ¢xganisations WI have maje donations or pledged th8ir SLbPPOrt to Iha work of Charity: Ihis indudes all those listed above F4us otheranonymous donors. We c8nnot ovef5ts1e the importale of the FourKler Patrons who have v)mmrtted their supFort to Crewe Youth Zone so far. In partrcular. as Ct)merstone Patrons, the Julia an¥J Hans Rausing TnJst has shown incre¢Jible enlhusrasm and generosity toward Ihe project. an¢J Iheir"involvement wdl only aid to the credibilty of our work, h81ping lo draw lurther sUPPOrtJrom the local tsInesS and phdantthpic ttlrnmunity. Futurn plans With all parties fvlly ¢ommilted to the cOmpleb" of Crewe Youth Zone. work is ¢onlinuing to execute the construction of an incredible.facility, with plans.to devate in the inleric to provide a WElcoming, high and aitraclive Imwession lo all wsihng young people. As cOnstructn pro9Se$, the Youth Zone will look lo s¢gnrficantly increase the size of the leam employed- wth just 2 members of staff CUrrenY in a¢e, the Chief Executive wll lead on this exercise. uealing a large ijelivery and SUPFYt team lo indude both paid stsff and volunteers, who will be recrurted and inducted feajy for openifKJ.
CRÈ YOIITM IONE LTD IA coAwany li¢nit•d ty gu•Trnt•• ¥RU5TEES' REPORT IINCIUn1 OIAEC70AS' ftepoRn FOR THE PERIOO EWEO 31 MARCH 2024 Ihe 53me &The. the crrtMwJe togfwi lYJth z.$ Fcwfider patr5h at¥W ¢ The Ttu¥%ees ¥e Ihe citecS Youth Zoneknr the M•J5e I} are le5b lor ihe fruè$' knual Rethyt d thp x¢danLt with apr•c)IE Jnd obsetye ihe prw5 ol the SORP 2019 (FRS 1Qa. ny tifflE the finarKial W5¢•yt olthe charita14ecryary arrfl en5WEttr4t thtrfinCl aremer5 hEnr Iwting rea50tW swk)rlh2 ol trwjd oltv Smal wrnp4ny •XWnPtiOD Grtharn Ramyix D*0. 21 0#th 2024
CREWE YoirtH ZONE LTD (A company Ilmltad by gunt•• IPIDEPENOENT EXAMINER% REPORT TO THE TRUSTEES OF CREWE YOUTH ZONE LTD I report to the charty trustees on my examinat of the xcounts clthe cryny the pen'od ende(131 March 2024 which ¥e setouton pages 9 to 20. Responsibilities and basis of rgport As the charity tru51eesof the company (arvj also its diTeclor5 ftIrtt purpose5 of compary lawl you are Tr5poftsible for the prepardtion of ihe acc(yJnts in accordwKe wrth ts requwerwit5 of the Companies Act 2006 {'the 2006 Act,). Having satisfied mysellthat the accounts of the company tX)t requi to be drted under Part 16 of Ihe 2CN)6 Act and are eligible for independt examinal>)n. I rewrt in respectof my examinatM?n ofyourcompanys acunt$ as carried out under section 145 01 the CharItS Act 2011 {'the 2011 Acf). In c¥n9 out my examination I have followed the Directions gNen by Ihe Charity Commi53KJn und sec1 145(5Nb) of the 2011 A£t. Independent examinerfs sLitoment Since the comparfs gross income exceeded £250.OW yw examiner must be a member of a bcty lisled in section 145 of the 2011 Act. I confinn that l am qua1ffj to urKJertake the examinatw)n because l am a member of ICAEW, is one of the IL%ted IJIes. I have conpleted my examinab"on. I confirrn thal malters have (x)me lo my attentK)n in connection with the examination givir#J me cause to bdieve that in ary material resF acctyJnts'ng records We not kept in respecl of the comk)any as require(J by serAM)n 386 01 the 2006 Act.. 2. the accounts do rKJt accord with those records,. or 3. the accounts ¢0 not ¢omply wilh Ihe acclnti(vU requirements of section 396 of the 2006 othor than any reqlt1rerrnt Ihat the accounts gNe a 'true and faw which is mt a matier cy)nsidered as part of an independent examinatK)n." 4. the accounts hav8 rK)t been Frfepared in accordance with Methj$ arKI princAples of the Slalemenl of Recommended Practts for accountiry aTrJ reporting by charit. I have no cx*rKerns and have come across rKJ other matters in eonnectr'on with the examination to vthth attention should be drawn in this report in order to ele a proper understandirwJ of the ac(x)unts to be rexhed. Cath•rin¢ Cole BA FCA ICAE Donndly 8enUey Limrted Chartered Accwntsnts Statutory Auditors Hazlemere 70 Chorley New Ro•J Bolton 8L1 48Y 21 October 2024
CREWE Yoimi ZONE LTD (A Company fimlt•d by gu¥ant••) STATEMENT OF FINANCIAL ACTMfiES INCORPORATIMG INCOME AND EXPENDITURE ACCOUNT FOR THE PERIOD ENDEO 31 MARCH 2024 Unrestricted R¥strl¢t•d fund$ funds 2024 2024 Totsl funds 2024 Not• INCOME FROM: tlonations and legades Inve$lments 874,ST7 874.517 63 TOTAL INCOME 63 874,577 EXPENDITURE ON: Raising fuTr Charitable &tivib"es 11.776 11.776 TOTAL EXPENIMTURE 85.016 85,016 NET INCOME I {EXPENDITURE) BEFORE TRANSFERS 789.561 789,624 Transfers betsveen FU1$ NET INCOME I (WENDITURE) BEFORE OTHER RECOGNISED GAINS AMD LOSSES 789.561 789,624 NET MOVEMENT IN FUNDS 789.561 789,624 RECONCILIATION OF FVNDS: Total funds brought f(yw*d TOTAL FUNDS CARRIED FORWARD -63 -789.561 789.824 The notes M pages 12 to 20 fom pwl of these tlnarKk slatements. A15 income and expenditure derNe from o)nb"nulng ac11e$. Stslement of Financial Activitte5 includes all gains and losses recconk%ed during the year.
CREWE YOUTH ZOPIE LTO IA ¢ornpany fjmitqd by 0aran[l REGISTERED NLIMBEA.. 1461J93 BALANCE SHEEr AS AT 31 14ARCH 2024 7OZ4 Iloi• FIXED ASSETS TWe assets 787.L%9 CLtRReP4T ASSETS Detitys C45h al and ITr 287.017 47. 334.a83 CRETORs. •toJfiis iy¢kn ¢yie ye¥ 10 332.328 NET CUIIREIIT ASSEfsi <LIA8ILITIESI NET ASSETS 789.624 CHARfTV FUNI)S Resincled fud$ furKJs TQTAL FLWIDS 789.624 r finaTh)¥ •nenis ha been prepared spe0¥ pr41$ d P•1 15 ol Ihe pani kt rewin9 lOthntht4e smal cows. Fwhle perfvid 31 2024 VE£L¥npy ¥vasert41Ed undÈf sect 4n dlhÈ CtrTrpaThes Act 2rth relètirg tosm41 C<ry¥AQS. The m•nDers hb w rwuiieo w ci)TWy ior the ended 31 Mafth 7024 n xcordance wfth Seekn 476. The diroctfS Xkn(pwiÉdgÈ thw Sl•llS lor olihe With re%ped ntm9 recud5 the wepaiKffj ollJianDa staremenl& Thefhiancial statement$¢1d tr Ttsjstees 21 Ocirt 2024 ano 5wJned their behaw ty. GIath Trv5tee The p4es )2 WJ 20 ftyrn wse fwrt41 si*•wi 10
CREWE YOUTH ZONE LTD (A company Ilmltqd by guaran1•• STATEP41ENT OF CASH FLOWS FOR THE PERIOD ENDED 31 MARCH 2024 2024 Note Cash flows from operating a¢iivilies Nel cash kwovided by operating acbvib&5 13 834.898 Cash flows from investing xtivities: Bank interest received Purchase of tal¥Jib fixed assets 63 787.095 Net cash usod In Investing aotl¥ities 787.032 Changg In ¢ash and •qul¥alonts In tho r 47.866 Cash and cash equN*nts brought fovward 14 Cash and cash equivalents carrd foThffird 47.866 The notes on pw 12 10 20 form part ofthese f11a1 statements.
CREWE YOUTH ZONE LTD IA company rnIt by guar•)to•) NOTES TO THE FINANCIAL STATEME14TS FOR THE PERIOD ENDED 31 MARCH 2024 ACCOUNTING POUCIES 1.1 Basws of pr•pafation of financial statemènts The finanoal ststements have been kyepored in accordance wlh Accountmg and Reports"ng by Charities: Statement of Recommended Practice appticable to Charits wewing their accounts in acuydano vith the Finawal Repry"llg Standard applicalk in th8 uKar Republic of Ireland issued in October 2019, the Financd Reports"n9 Standard aPplble in the United Kingdom and republ of Ireland IFRS 102) the Charitie5 Act 2011, the Cc¥npanie5 Act X4)6 UK Generally Apted Accounting Practice. Crewe Youth Zor meets thè definilyon of a public i¥)efrt entity uThJer FRS 102. Assets and lialItieS are inal reccwised al c£Jst or trarBthin Vatue unless otherwise staled in relevant aLwJnting pc4w. 1.2 Company status The company is a c(Nnpany limrted by guwantee KKorwyated in England aThJ Wales. The members ofthe wmpany are the Trustees named on page 2. In the event of the MPanY being wound up, the liability in respect of the guaranlee is limiieLf to £10 per member of the company. The address of the regiStd office is Surte Ge Atro, Spa Road. Bolton, UK. BL1 4AG. The nature of the charl$ operalions and prinopat actsvities are to imwove the lrfe charKes of young people in the with Crewe and surroiJndirvJ area. heln9 them lo gain increa5e(I levd5 of confKlence and seff4sleem and raLsing their aspwations fry the lulure. 1.3 In¢ome All income is induded in tle StsteMt of Financial Athe$ ISOFA) once the company has entitlement to the income. it is probable that the income wll be receNed. aThJ the amount of income receivatjle be measured rdK4bty. Gffts in kind dorkated for di5tn"bution a rnduded al valuation and regnised as $rOMe vlhen Ihey are d1strltrte to the projects. Gffts tjonated for resale are Ined as income when Ihey are 501d. Donated faciltties are induded ai the value to the cornpany where Ihis can be quantified and a third p¥ty is bearfftg the cost. No amounts are induded in th8 financial slalements for 5eNces donated by volunteers. Donaied servtis or facilities a recognised when the company has contrc4 over the itern. any ¢onditions assockqted with the donated item have been rnet, the receipt of econom bènefit from the use of the company of thè eM is probatAe and that e)Mi¢ benefrt can be measured reliably. On rtt•pL donated ryOfessKM ar donated faclrts afe recognised on the basis of th value of the grft to the company whh is the amount the company V•rJuld have beEn wlltng lo pay to obtain swres (* f3ulrties of equN8lent economic benefit on the open market.. a rresponding amtyJnt is then recognised in expeThfjilure in the peric•J of ¢typI. Irwime tax reco¥wable in relatiort to donattrJns received under Grft Aid or deÈds of Covenant is recognised at the time of the donation. Income lax re¢over3blè in relation to investrnent irtomè ts recwise(l al the time the investment income is re¢eivable. 12
CREWE YOUTH ZONE LTD IA company limlt•d by guarantw) NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024 ACCOUNTING POLICES (contmue 1.4 Gfa Income from &Kivernment arnl other grants e recognised at fair value vthen the thity has enlitlèment after ary perfmnance condrtths have been mel, it is prob8ble that the incorne will be received and the amount be measured rellay. If entitlement is not mel then Ise amounts are deferred. 1.S Int•r•st rec•ivable Irrterest on furKls held on deposr( is induded reces¥ae and Ihe awnt ¢an be rneasured rellaY by the company. this is nomial nLrtific8liort of the irrtexest paid or payatAe by the Bank. 1.6 Expendilure Al expenditure 15 acccMJrrte(t tr oft an accruals bas arKI has been claS$ff undar headlngs that aggregate all costs rdated to tt CategY. ExpendFture is rec£snised once there is a legal or constructive oblffJat#)n lo transfer economic bènèfil to a third party. il is probablÈ that 3 Irartsfer of ecorMiC benefrts wll be required in settlemenl arml thÈ am¢xJnt of the obligation Can be measur¢d reliably. Expenditure is dassffied by activity. The costs of each activity are made up of the total of direct costs and shared costs, indudfftg support t51S trN0ert in undert8king each actNity. Dlrect costs attributsljle to a single ivty allttated diredy to that a¢¢Nity. shar costs which contritMJte to more than one actrvrty arKI support costs are not attributab to a single a¢tivlty 8re apportioned between those acfrvtrt on a bass consistent the use of wo¢Jrces. Central staff 5ts are allated on the basis of li spen( and deweciatwjn chwges allccated on thè pth'on of the asset's Use. FUndraIng costs ¥e those 1rrtwr in sethng v(Aunlary ¢OMritrKJUorts and do not irKlud8 tha of disseminats.ng information in suppcxt of the charrtae actNrties. Support costs 8re those costs iturred directly in 5UPPOrt of expenditure on the oblts of the comparry and includè woiect management carrked at Headquarters. Costs of genwatiThJ lunds are costs Irrred in attrath.rtg voluntary income. ¥ttJ those incurred in tradwtg activities that raise funds. Charitable ac*vities and GovernarKe costs are costs incurred on the companls educational rations. induding support Costs and costs oktsng lo the tywerft8nce of the company apportioned to charitable activits. 1.7 Tangible fix•d •ts depr•clati¢)n Twytyle Ted assets are carried * ¢o$l, .net of_dppreciation and any wovisvjn for impairment. Depreciab"on is kYovi¢ed at rates cakxjlated to wnte off the cost of fued assets, kss Ihe¥ estimated residual value. over their expected useful INes on the following bases: Ccffiputer equipment 33% straight f The property is wffendy under Construction and not be depreciated unb'l oy)nstruction has been completed. 13
CREWE YOUTH ZONE LTD (A pjrnpany Ilmlt8d by guarant•g) NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 PAARCH 2024 ACCOUNTING POLleS {continu•d) 1.8 Op•ratlng Iw5•S Rentals urtder operatuig leases we chW to the Ststemenl of financiat adivilies incorp¢y8ting income and expenditure acc1 on a straight Ine basis over the lease temi. 1.9 Debtors and Ixedito TrtÈiv•ble I pyable within <¥n• year Debtors and cre(lrtors with Tr) stated irrtwest r and recevable or payable wtthsn one year are recorded at transaction kwice. Aty b)sses SIng from impairment are recc4Jnised in expenditure. 1.10 Cash at bank and In hand Cash al bank arKI n har IndeS 4xh and shcA1 lerm highty liquKI Investments vthh a $W maturity of three month5 (Y less frorn the date of&qu111Qft (¢Jening of derx)sil or similar account. 1.11 Provlslons Lrabilities we recognised when Ihere is an Obligati at the Balanc sheet dale as B rg$uIt of a past event, il 15 probable that a transferof ecoN)mt berfrt wll be require(I In sewement. and the amount of the settlernent can be estimated rd1¥b. 1.12 Flnanclal Instnmnents The company onty has financial assets and financial liabdtts of a kind that qualify as bas financtal instruments. Basicfinancial instruments are inrtially reccgnt5ed at transaction valueand subsequently measured at their setuemenl value with the exception of bank ¢oan5 whlch are subsequenty easured at arnutysed cost usin9 the effective interest melhoj. 1.13 Pensions The company OPeS a defined cofttribution pension scheme and the pen$)n Charge represents Ihe amcwJnts PaYae by the company to the fund in respect of the ye8r. 1.14Fund a¢¢ounting Gera1 funds we UnStrICted funds which are available for use al the dtscretK)n of the Trustees in furiheraw of the general obieclNes of the cornpany and whKh have nol been designaied for other purposts. Designated funds comprise unrestrict&J fvnds that have been set aside by the tnjstees fty part¢cul¥ purposes. The aim and use of eath designaled fund is sel out in the to the accounts. Restrtcted fLtnds are funds whh are to be used in acCOrdae with specffjc restriclions imposed by donor5 or which have been raised by the MpanY for panthlar purposes. The costs of raising and adminisle¢9 such funds afe Char against the spec¢ furmy. The aim and use of each trIcted fund is set out in the notes to the fInarla1 statements. 14
CREWE YoirfH ZONE LTD (A company limi¢•d by guaraneo01 NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 21Y24 ACCOUIfflNG POUCIES (¢ontinu•dl 1.15Tax Th& clwity is an exempt charity the meanir¥J of Schedu 3 of the Ch¥itw Act 2011 and is cons•Jefed lo pa5$ the St set out bn Paragraph 1 Sthedule 6 Financ Act 2010 and therefore It meets the deffinn of a charitable company for UK Corporation T8x purposes. preparatn of these financial statements rgluwe certain judgements, estimales and assumplkins that affect the repted 8mounts of assets, liabilrts, iicomo and èxpenses. Ests"mates an(J judgements a conlinuajly èvaluated and are based on historic experience and oth8r factors. trUdIng exPtIOr offulure events that are bdieved to reaso1& under cir¢ym51ances. 1.17 Gging Con¢wn The financval statements have been Fyep¥ed on a goiry co(M basis as the trustees belwe Ihal no material uncertainties exist. The trustees have considered the level offtjnds h8ld and Ihe expethd level of income and expenditure for 12 months from authorisirwJ Ihese financial statemenis. The budgeted irwme and expenditure is sufficnI with the Of re5er¥es fc the charily lo be able to conlinue as 8 wng ¢ffM. INCOME FROM I)ONATIONS AND LEGACIES UnY•strletèd R•striet•d funds fvnds 2tr24 Total funds Government grants 874.577 S77 Tot donations and kngac*s 874 577 VESTMETrif INCOME Unrestricted fund5 2024 R•strict•d funds 2024 fund$ 2024 Bank interest receNed 63 15
CREWE Yoimi ZONE LTD (A company limit•d by guarant••> NOTES TO ThE FINANCIAL STATEMENTS FOR THE PERIOD E140E0 31 IIARCH 24 DIRECT COSTS Charltabl• ActivTrties ¢tssts 2024 Professtonal fees Trps and minibu$ hire 2,832 11,776 11,776 SUPPORT COSTS Charltable Actlvltiè$ Total 2024 Telephone ComputÈr eAJsts Brand design Insurance Other staff eA)sts Olhèr costs Onside capit81 project fees R8cxustment costs Account8ncy fees Wagès and salaries Pension cost 173 761 173 761 9.OlY) 566 858 566 858 36,000 11,775 5,300 7.906 191 26 73.240 36.000 11.775 5.300 7,906 191 26 73.240 AJI charitable a¢lNiiw wwe attrityjiable to reslrthd furhts. NET INCOMEI{EXPENDITURe) This is stated after ¢hargw". 2024 Depreciation of langit4e fixed assets 5ndependent exarninab.on fees 2,220 Ouring the period, no trustees *ceived a.ny remuneralKJn. During thè period. trustees received any beriefits.in krf_." Ouring the period. no trustees reowed any 1mbLEr$eM8nt of expenses. 16
CREWE YOUTH ZOPIE LTD IA company limi¢ad by guarafi) NOTes TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 IAARCH 2024 STAFF COSTS Staff costs tre as frAIows." 2024 Wages and salaS Pens#)n costs 7,906 191 8,097 One member of5&VaS appointed in FetsU 2024 arrfJ one member ofstaff bras appointed In March 2024 2024 Key management personnel e consKJered lo be the Chf Executive. The total amount of employ89 benefits pa lo the key management personnd for the period was £3.923. TANG18LE FIXED ASSETS Cwewe yOh Zone- ljuilding under Comp(rt•r Equlpment T¢)tal Cost A(1dilions 2,393 787,0 At 31 March 2024 7H702 Deweeiation Charge for the year 26. At 31 March 2024 26 M¢t book value At 31 March 2024 787,069 Crewe Youth ZO has entwed into a 125 year lease with Cheshire E8St Cc¥Jncil to lease the land on wlich the building rs being constructe(l. 17
CREWE YOLrrH ZOME LTD (A company Ilmlt¢d by gu4r•nlw) NOTES TO THE FINANCIAL sTATENTs FOR THE PERIOD ENDED 31 MARCH 2024 DEBTORS 2024 (Xher detslc Prèpayments and cr1 incc¥ne 286.808 209 287.017 10. CREDITORS: Amounts falling 1n <Jn• y• 2024 Trade creditofs Other taxation and social Stty Accruals & rJefwr¥J ir9 Other credit 58,713 1.524 267.335 332,328 11. STATEPAENT OF FUNDS Incom Expenditure Transf•rA Balance at Between 31 March Funds 2024 Unr•strlct•d Funds General Funds Restrlc¢od Funds Restricled FurKIs 874,57T 874.S77 789.561 789.561 85,016 Tot4 of Funds 874.640 Rastri¢t•d Fund Incom• Exp•ndltur• Fund Balan¢• at Transf•rs 31 March 2024 YIF Revenue grant YIF Captsl nI Cheshire East Capitsl gant 86,673 392.9]4 395.000 {85.016) 1.657 392,904 39S,000 Total 874.57T 85.016 789,511
CREWE YOUTH ZONE LTD IA ¢ompany limit•d by guarant) NOTES TO THE FINANCIAL STATEMENTS FOR THE PE0D ENDED 31 MARCH 2024 11 ANALYSIS OF NET AsseTS BETVlEEFUMDs -""_ . Unrnstrlcted Restricted fund$ funds 2024 2024 fund$ 2024 Tangible fixed assets Current assets Creditors due vnthin one year 787.069 334.820 332.328 789.S61 787.069 334.883 32,328 789.624 11 RECONCILIATION OF PAOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 Net irame/{expenrtUre) fty trje ye¥ (as per Statement of Finarwl ActivitS) 789.624 Adlustm•nt I. Depreciats"on charges Dividends. interest rents from inveslments Iln(YeaseYdeca$e In debtors Idecreaseyinuease in tredilor5 Net cash provided by operating aclivits {63) (287.017) 834.WJ8 14. ANALYSIS OF CASH AND CASH EQUIVALENTS 2024 Cash at bank arJ in h8rtd Total 15. PENSION COMMITMENTS The company operates a defined contribun5 pension stheme. Tr a55als of the sdwne we hehj separatdy from those of Ihe company in an indepenY alministered frJrKI. The pensign cost charge fepie5ents contsibutions payable by the company to the fiJTrJ and amounted lo £191. Tre were £333 outstanding contribulKyr at balarmx Sheet date,Iwhich indLKle LKIth 8mploy&s arNJ employee'5 contrhbutson5}. 16. RELATED PARTY TRANSACTIONS Ttwe wefe no rat party tranSactS. 19
CREWE YOUTH ZONE LTD {A company limited by guarant••) NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOO ENDED 31 MARCH 2024 17. CONTROLLING PARTY Tl*re is no wntrolling paty.