Company roglstration numbor 14613939 (England and Walesl CREWE YOUTH ZONE LTD ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
CREWE YOUTH ZONE LTD LEGAL AND ADMINISTRATIVE INFORMATION Trustees G Ramsbottom V J Haworth J I S O'Dohety J S Warren C L Wlliamson D M Ashwell N L Heath Dmsmrth {Appointed 28 June 2024) (Appointed 28 June 2024} (Appointed 28 June 2024} Senlor Managgmgnt Team Stuart mrfld Chief EXlive Country of Incorporatlon United Kingdom (England and Wales) 14613939 Charfty reqlstratlon England and Wales Principal address Syrte Ge Atria Spa Road Botton BL14AG Reglst•rnd offi¢0 Suite Ge Atria Spa Road Bolton BL14AG Auditor DonndlyBentley Ltd Hazlemere 70 Chorfey New Road Bolton Lancashire BL14BY
CREWE YOUTH ZONE LTD CONTENTS Page TNstee's rèport ItKlependenl audrtorfs report Statement of financial at#[v'eS 10 8818nce sheet 11 statement of cash fl¢Jws 12 Notes to the finanaal ststemenls 13-22
CREWE YOUTH ZONE LTD TRUSTEE'S REPORT {INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The Trustees. who are also Dir8Ctors of the company, present their Directors, rèwt for the purposes of section 415 of the Companies Act 201 and Trustees. Annual Report for the purposes of section 162 of the Charities Act 2011 together wth the Financial Ststemenls of the Charity for the pertod ending 31 March 2025. Crewe Youth Zone Ltd was incorporated on 24 January 2023 (Company registration numLw'. 14613939) as cornpany limited by guarantee and regisl8r8d as a Chanty on 7 August 2023 (Charity registration number. 1204227). The financial statements have been prepared in accordance wth the accountlng poliaes sel OLrt in note 1 to th& financial ststements and comply wlh the charivs goveming document, the Companies Ad 2CQ6, FRS 102 The Financial Reporb'ng Standard applicable in the UK and Republic of Ireland" and the Charities SORP 'knounting and Reporbng by Charities." Statemellt of Recommended Practice applicable lo char(tiey preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021" Who we are Crewe YoLJth Zone, re¢entJy named by young people as 'The Dome., vlll be a purpose blt facility ts the town's young people aged 8- 19, and up to 25 for those with addib'onal needs. The Youth Zone will be located on the Oak Street Car Park lo the south of the town cenlre, and is expected to be completed in 2026127. 11 is core component of a wider development funded by Crewe Totsyns Fund which sees the development of several siles across the town. The Tc)wns Fund programme focuses on town centre regeneration, culture and heritage, community spaces and connected places. The programme wll athve 8 range of benefits induding sub$tanlial regeneration of the Flag Lane Community Hub, the extension of Cumberland Arena and Ihe Mill Street Corridor which wll see a significantly Improved eyeling and pedestrian route along the road. Crewe Y(yJth Zone will join a netrrk of similar independent youth organisations that all share the same prirtiples. developed by the Charity Onside Youth Zon&s, which is building 21 st century youth frdcilities across the UK. YoLrth Zones are based upon a proven m¢xlel, which has been established in several other towns and cities across the county, and young people from Crewe will have access lo a variety ol fantastic ath"vitses for a eost of only £5 for an annual membership and 50p per visit. The Youth Zone will provide a safe environment, vA)ere young people can spend their leisure lime, helping each young person to raise their aspirations. as well as improve their physical and mental health Up lo 20 different activitie5 wll take Pla each night, such as footb811, boxing. dancing, dimbing, creative arts, music, drama ar¢d employability tralnlng- all forjust 50p per visit. The Onside Youth Zon8 model uses a unique partnership approach,. drawing together the Local Authorty, wNate sector businesses, young people and the wider local community. This partnership approach aims to estsblish the Youth Zone right in the heart of the community for the long lem, whilst meeting the needs of young people today. Preparation for Crewe Youth Zone has been taking place for a number of years, all the capital funding in place lo develop this amazing new facility. ?nd an active revenue fundraising campaign UndeaY that wtll provide the necessary funds required to operate the Youth Zon8 for the firsl three years. Followng the end of the financial period, site preparations are undernvay, and we look forward to construction works kyogressing in 202512026. Expectats"ons are for an official opening tsking pla in 2026 when Crewe'$ young people can begin to benefit from their arn4zing new Youth Zone. Objective and activities Crewe Youth Zone's objects are lo help and educate children and young Feople resident in Crewe and sumunding areas Ihfough Ibeir leisurè lime activities by promoting their full physical and spiritual potential in order that they may grow to full maturity as individual$ and mernbers of society and their conditions of life may improve.
CREWE YOUTH ZONE LTD TRUSTEE'S REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Publlc benefit All thé adivities of the Charity las summarised above) were undertaken lo further its challtsblg purposes for public benefit. The provision of a high-qualily town centr8 facility for young people respond$ to a Clear, ongoing demand from young people, parents and wider communities for more and better places for young people to go. Providing a service to all young people, Crewe Youth Zone will focus on attendance and parbcipth'on by ycAJng mnber$ across the enb.re Mmunity who be able to enjoy affordable access lo all the opportunities that the facilities wi provide. This VAII lead to improved achievements and enhanced aspirations amongst young members of the Ioc8J community. They will be happ, healthier and make more constrtjctive use of their leisure lime whith consequently ill help redu nuisance and anlisoaal behaviour. Longer term public benefits swll Include improved health. reduced crime, enhanced l&aming and employabilty and greater community u)he&on. The Trustees of Crewe Youth Zone believe they have complied with the duty in section 17 of the Charities Act 2011 lo have due regard to th8 public benefit guidance publi$hed by the Charity Commission. Volunteers Throughout the period all members of the Board ofTfu81ees made invaluable voluntary contrfbutbns to the Charivs work in lemis of governance, professional and business expèrience, financial anning. fundraising and leading initiatives across the project. Such 'bUtionS were, on averag8, equivalent to two full days eath calendar mcnlh. Achlevements durlng the pgrfod We are indebted lo the capital funders have commrtted lo supp¢Jrt the Youth Zone. Cheshire East Counal, Crewe Towns Fund and the Govemmenl's Youth Investment Fund have committed their SL¥JPOrt to the capital project along wrth strategic fijnders the Garfield Weston Foundation and BP Intemalronal Ltd.. together these fvnders have ptovided all of the finances needed for the construction arKI fit out of the facility, ryovide all the remaining fApital fvnding required and have been instrumentsl in driving the project foTward. Cheshire East Counul, Crewe Towns Fund, the Youth Investment Fund have also pledged revenue support during the pre-op&rring phase and earty years of tre Youth Z¢xe's operation. The Founder Patron campaign. whith provides a 5ignifi¢ant proportion of the operating revenue for the Youth Zone, aims lo Secure a total of £3.4m lo support the first three years of running costs of the YoLrth Zone,. this wll come frc>m a combination of supporters al Founder Patron 1£100kl and Comerstone Patron 1£400k} levels. We are pleased to report that we have already nfirMed pledges of support from Julia and Hans Rausing Trust, UK Fuels Limited, Bentley Molois Limited, Moming Foods Limited, NWF Group plc and AO Smile Fountsts"on. In the lead up to incorporation and throughout 202412025, the Charity's Trust8es artd partners have worked tirelessly to ensure the project remains on course despite delays experienced. We arg gratsful for the resolute Support of all the Youth Zone's funders, supporters and champions who have remained committed lo our work with young peopb. Crewe Youifi Zone enjoys the support of Onside Youth Zones (chty numbgr 1125893) in its devejpnt and wtll become a member ofthe growTng Onside netsvork ofyoulh Zones. FinanGial review A summary of the results is shown below.. Incoming resources 2,990,237 Outgoing resourc8S 1728,6631 Net incoming resources 2.261.604 The Charity is still in tt5 earfy lrfe with grants and donations being received to fund the design and nStruCtIon of the Youth Zone. The Charty ¢onts"nues lo culb.vate further donations to supkxxl future revenue expenses from a variety of sources as outlined above Isee'achievements in the period'l. The Charity had total reserves of £3,051,228 at 31 March 2025.
CREWE YOUTH ZONE LTD TRUSTEE'S REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 RoSgr¥es pollcy The Charity has secured the fvnding lo complete the construdion of the Youth Zone and the Founder Patron {revenue) campaign is well UndeaY. The Trustees have prepared projections of the operating w5ts expected once the facility is open. The Board of Trustees of Crewe Youth Zone has established a reserves pclicy which appropnalely refiects Ihe risks to which the Charity is exposed. Once the Youth Zone is operating and in compliance with such policy, il wll review regularly both the sum il wishes to hold in reserves in the unrestricted budget and the basis for that figure. The SelVeS policy does not eonsider expenditure which is linked to restricted Pfojecls and therefore covered by restricted funds. In reviewing the potential $ts that could arise sh¢JJld a significant reduelion in income be inojrred. the Trustees have determined that unrestricted, fte,, reserves should be maintained al approximately 3 months running costs. This is based on the running costs when the Youth Zone is fully operational and 1$ not therefore based on the expenditure in these ants. Total reserves at 31 March 2025 were £3,051,228 of whth £2,799.961 are restricted reserves aTrJ £251,267 are unrestrided reserves. Principal lundlng source8 The Directors wish lo record their thanks lo all those individuals and organisalions who have made donab'ons or pledged their supp)rt to the work of the Charity- this indudes all those listed above plus other anonymous donors. We cannot overstate the importanee of the Founder Patrons who have committed their support to Crewe Youth Zone so far. In particular. as Cornerstone Patrons. the Julia and H*s Rausing Trust has shwn incredible enthusiasm and generosity toward the project. and their involvement will only add to the Credibility of our work. helping to draw further 8UPPOrt from the local business and philanthropic communty. Investmenl actlvltles Under the memorandum and articles of association, the eharitabl@ comp8ny has the power to make any investrnent which the Trustees See fil. Investments are made Whe requir8d to further the aims and objects of Ihe Charity. The Charity does not currently hold any investments other than cash on dep)sit wrth Handelsbanken plc. Plans for future p&rlods WThlh all parties fully committed to the completion of Cwe Youth Zone. work is continuing lo exe¢Jle the conslruth.on of an increrjible fscility to Provide a welcc)ming, high spec and attractive impression to all visiting young people. As construction progres88S, the Youth Zone will look to signfflcanlly increase the size of the team employed; with just 3 members of staff currently in place. the Chief Executive bMII lead on this exerdse. creating a large delivery and support team to indude both paid staff and volunteers, who will be recruited and inducted ready for opening. Al the same lime, the campaign will continue to grow the Youth Zone's family of Founder Patrons wth a tsrget of ensuring that the Youth Zone's prellopening and first three years of running costs are fully funded. Crewe Youth Zone already benefits from a Board of experienced and committed Trustees. To build on this, and in preparation for hjll operation, the organisation wll continue to expand the Board of Directors l Trustees including portfolios for finance, legal, safeguarding, People, elc. who will provide effective governance, overslght and suroort across the full spectrum of Youth Zone operations and activili&s.
CREWE YOUTH ZONE LTD TRUSTEE'S REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Stru¢turgJ governanc• and management Gov•rnln9 document Crewe Youth Zone 1$ a company limited by guarantee wilhout share capital and regis18red under the Companies A¢t 2006, registration number 14613939. The company is governed by its Memorandum and Articles of Association dated 24 January 2023. Management of the company'3 affairs is vested in the ctrDireclors. 11 is a Charity registered with the Charity Commis&on on 07AUSt 2023. In the event of a winding up, tho present members and those who have ceased lo be a member within one year of such an event have guaranteed the liabilities of the company to th& sum not exceeding ten pounds eath. The directorsltrustees who served during the Feriod ar8.. G Ramsbottom VJ Haworth J I S O'Doherty J S waen C Lwlliamson D M Ashwell NLHeath D M Smith {Appointed 28 June 2024} (Appointed 28 June 20241 IAppointsd 28 June 20241 Rgcruitment and appolntment of trusteos The first Directors were the subscrib8rs to the memorandum as notified to Companies House as the first Directors of the Charity. A person appointed as a Dilector theupOn becomes a Member of the Chanty and a Director who ceases to hold office for any reason thereupon ceases to be a Member of the Charity. Directors have the power to appoint, by ordinary resolLrtion, any person to be a Directoi who is willing lo act as such. New Directors will be cruitett according to the needs of the Charity and the suitability of possible Candidates. A unanimous approval of existing Directors would lead to their apwintmenl. The Memorandum and Articles of ASslatIon states that the nUmr of members (Directors) shall have no maximum anrj shall not be les$ than three. At the first Annual General Meeting all Directors must retire and seek re-election. At each subsequent Annual General Meeting one third of the Directors are required to retire by rotation an(1 seek re-appoinlmenl rf they wish to contsnue. The Members of the Charity are ils Directors for the lime being and the only persons eligible to be Members of the Charity are its Directors. Full detsils of the rules are contained in the company's Memorandum and Artieles of Association, dated on incorporation on 24 January 2023. which may be inspected at the Crewe Youth Zone registered office. A pay review wll be conducted annually by the Chief Executive with a proposal teing brought to the Nominalv)n & Rernuneration Committee. The CEO remains responsible for the proposal of the Organisation's emplgyees remuneration oversight from the Committee. The Committee shall be consulted on the CEO'S proposed total anned aggregate employee costs for the next financial year, including the proposed standard annual salary uplift, prior to the setting of the annual Lxjdget. A number of scenarios may be presented to the Cornmittee which consider economic conditions, individual perf0mlan and the financial security of the Organis81ion
CREWE YOUTH ZONE LTD TRUSTEE'S REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Organlsatlonal strncturn Crewe Youth Zone is govemed by its Tnjsleè Board which is respDnsible for setting the strategic direetlon of I organisalton and the policy of the Charity. The Trustses carry the ultimate respon5ibilily fr)r the conduct of Crewe Yolrth Zone and for ensuring that the Charrty satisfies ils legal and contractual obligations. Trustees meet approximately 5 limes a year and may delegate the implementstion of their decisions or dey-lo-day operation of the organisahon to SerOr management, any employee of the Charity, person or commrttee as they see fil. Any mmittee must include al least one Trustee. Th& Trustee Board is independent from management. Decisions are determined by a simple majority of voles. In the case of an equalty of voles the Chairman of the meeting has the castiThJ vote. Rlsk management The Trustees have cwidered the major risks to which the Charity 1$ exposed and have established surtable risk managerneni arKI control procedures Related party transactlons Are disciosed in Note 20 to the financial statements. Statsment of trustee's responslbllitles The Iru$lees, who are also the diroctors of Crewe Youth Zon& Ltd for the purpose of company law, We responsible for preparing the Trustee's Report and the financial statèments in accordance with applicable law aThJ United lfjngdom Aceounling Standards (United Kingdom GenerallyAccepled Accounting Practice). Company law requires the Irusle8S to prepare ftnanaal ststements for each financial year which give a true and fair view of the stsle of affairs of the charity and ol the incoming resources and application of resources. induding the Income and expendituie. ol the charitable company for that year. In preparing these financial statements, the trustees are required to.. select suf(able 8ecounb.ng policies and then apply them consistently.. - observe the methods and principles in the Charities SORP-, makejudgements and estimates that are aSnable and prudent.. slate whether applicable UK Aceounling Standards have been followed. subject to any material departures disdosed and explained in the financial statements., and prepare the financial statements on the going concern basis unless it Is inappropriate to presume that the charity will continue in operatn. The trustees are responsible for keeping adequate accounting records that disclose with reasonable aecuracy at any tr.me the financtal posib'on of the charity and enable them lo gnsure that the finanual slalemenls compty wrth the Companies A¢X 2006. They are also r@sponsible for safeguarding tho assets of the charity and hen for tsking reasonable *eps for the prevention and detection of fraud and other Irregularities. Audltor In accortsnce wrth the cc¥npanls artides. a resolution proposing that DonnellyBentJey Ltd be rearpoinled as auditor of the company will be wt al a General Meeting_
CREWE YOUTH ZONE LTD TRUSTEE'8 REPORT (INCLUDING DIRECTORS. REPORT) (coKfiNUED) FOR THE YEAR ENDED 31 MARCH 2025 0¢10¥u1• ol itrfomialton to ltudltor Each ol the trustees has confivm•d that thèr• IB no 1rrf(vrnCfi of vthteh Ihey a awar6 whk* is relevarrt to the audi( but of whkth the ¥tyJtior 1$ unaware. Thoy ha¥• furthèr ccdflrnad that they hava t8ken approprtote 8tspg to id8ntify 8tth levant nfom8tion to e8tat4bh thatthe auditor i¥ aware of8uch inf0mtiOn. Thè trustee'8 reportwa8 approved by the Board ofTnMt8e¥. Date.. ?o&r
CREWE YOUTH ZONE LTD INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CREWE YOUTH ZONE LTD Opinion We have audltect the financial ststements of Crewe Youth Z¢)ne Ltd (the 'charity'l for the year ended 31 M*1 2025 which comprise the stslemenl of financial activities, the balance sheet. the statement of cash flow5 and notes to the financial stslements, including significant accounting policies. The financial reportlng fraMork thot has been applied in their preparation is applicable law and Uni18d Kingdom Accounting Stsndards. including Financial Reporting Standard 102 The Fin8nci81 Reporting standa appIable in th& UK and Republtc of Ir&land (United Kingdom GenerallyAcc6pted AuntIng Practice). In our opinion, the finanaal stslemenls.. give a true and fair view of the state of the charitable companls affairs as at 31 March 2025 aThl of its incoming resources and applicats'on of re8ouTces, including its income and expenditure, for the year then ended., have b8en properly prepared in accordance wth Un6ted Kingdom Generally Accepted AccountirKJ Practi., and have been prepared in accordance with the requirements of the Companie8 Act 2CQ6. Bas18 lor oplnlon We conducted our audtt in aldance th International Standards on Auditing {UK) IISAS IUKI) and applicatle law. Our responsibilities under those standards are futher described in the Auditols Trsponwbilities for the audrt of the financi81 statements section of our report. We are independent of the charity in accordance wTrlh the ethical requirements that a relevanl to our audit of the financial 5ts1emenls in the UK. indudlng the FRC'S Elhi(al Stsndard, and wo have fuffjilled our other ethical responsibilib.es in accordance with these requirements. We believe that the audit eviden we have obtained is Sufficient and appropriate to provide a basis for our OniOn. concluslons relatlng to golng concom In auditing the financial ststemen15, we have concluded that the trustee's use of the going concem ba$1$ of accounting in the preparation of the finanaal stalemenls is appropriate. Based on the work we have performed, we have nol identified any malerlal uncertainties rel?ting to events or conditions that, individually or collecb'vely. may cast significant doubl on the charrty's ability lo continue as a golng concern for a period of et least e1Ve months from when the finanaal statements are authorised for issue. Our responsibilities and the rgsponsibilib'es of the trustees with respect to going concem are describ in the relevant sections of this report. (Xhor matter The corresponding figures for the period lo 31 March 2024 have not been audrted as tho charity was exernpl from audit. This was because the level of income for the year lo 31 March 2024 was below £1 million and therefore an audit wa5 not roquired by the Charities Act 2011. Other information Th& other infomiation comprises Ihg information induded in the annual report other than the finarrial statements and Dur audilorfs report thereon. The trustees are responsible for the oth$r information contained within the annual reJ)ort. Our op_inion on Ihe_financial statements does not Cover the other infornialion and, except to the extent othenNise expli¢rtly slatod in our report, W8 do not express any fom of assurance Gondusion thereon. Our responsibility is 19 read the other information and. in doing so, consider whether the other information is materially nconsistent wlh the financial slalements or our knoipAedge obtained in the eourse of the audit, or otherwise appears to be malerialty misstated. If we identify suth material inconsistencies or appanI material misstatements, we are quired to determine whether this gives rise lo a material mis$talement in the finanoal statements themselves. If, based on the work we have performed, we conclude that th&re is a material misstatement of this other information, we are required to report that fact. We have npthing to report in Ihls regard.
CREWE YOUTH ZONE LTD INDEPENDENT AUDITOR'S REPORT {CONTINUED) TO THE MEMBERS OF CREWE YOUTH ZONE LTD Opinions on other mattsrn pre5crlbgd by the Companles Act 2006 In our OniOn, based on the work undertaken in the course of our audit.. the information given in the trustee's report for the financial year for which the financial slaternenls ar8 prepared, which includes Ihe directors, report prepared for the purposes of company law, is consistent wsth the finanaal stslements- and the directors, report induded wthin the trustee's report ha5 bgen prepared in acccf(lancg wilh applicable legal requirements. Mattgr¥ on which w• are requlred to report by •xcgptlon In the light of the knowledge and understanding of the charity and tts environment obtained in the cowse of the audit, we hav8 not identified material misstslements In the dlrectors. report induded wthln the trust&'$ report. We have nothing to report in respect of the follng matters in relatKJn to which the Companies Act 2006 quireS us to report lo you rf, in our opinion.. adequate accounting records hav8 not been kept, or plums adequate for our audlt have not been received from branches not visited by us-. or the financial statements are not in agreement with the accounlirNJ records and reiums- or ertain disclosures of Iruslees. remuneration specified by law are not made.. or we have not received all the infomiation and explanations we require for our audit." c the trustees were not entided lo prepare financial stslemenls in ?ordanCe the small companies regime and take advantsge of the small companies, exemptions in preparing the trustee's report and from the requirement lo prepare a strategic report. RponsIbIlItIeS of truste As explained more fully in the statement of trustee's responsibilities. the trustees, who are also the directors of the charity for the purpose of company law, are responsible fur the preparation of the financial statements and for being satisfied that they givè a true and fair view, and for such internal control as the trustees determine is necessary to enable the prèparation of financial statements that are free from material rrisstatemenl, whether due lo fraud or errLir. In preparing the financial statements, the Iruslees a responsible for assessing the d)arity'$ 8bility lo continue as a going concern, disdosing, as applicable, matters related to going concern and using the going concem basls of accounting unless the trustees either intend to IiquKlat8 the charitable company or to cease operab'ons, or have no realistic altemative bul lo do str. Audltorfs re$ponsibilities for tho audit of thg flnanclal statements Our objectives are to obtain reasonable assurance about whether the fin8naal statements as a Ole are free from mal&rial misslalement, whether due lo fraud or error. and to issue an audrtof 5 report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an 8UCtit conducted in accordan th ISAS {UKI will always detect a material misslatemenl whèn it exists. Misslalements can artse frtjm fraud or error and are Considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financtal statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. destgn procedure8 1 line wffth our responsibilities, outlined above, to detect material misstslements in r8specl of irregularities, including fraud. The extent-to which our procedures are capable of detecting IrregularitS. indur'ng fraud, is detailed b810w'. We oblainecl an understanding of the legal and regulatory framework applicable to the company and the sector in which it operates and considered the risk of non - compliance with applicable laws or regulations. È delormined that the following laws and wulab.ons were most significant.. the CompaniesAct 201. the Charities Act 2011, Accounting and Reporting by Charities. Statement of Recommended Practice aF)plicable lo charities preparing their accounts in accordan with the Financial and Reporting Standard applicable to the United TrQngdom and Republic of Ireland {FRS1021. those that relate lo safeguerding and child protechon and those that relate to employment law. We designed audit procedures to respond lo the risk, recognising that the risk of rwl detecting a material misslatemenl due to fraud is higher than the risk of not detecting one resulting from error. as fraud may involve d@lib8rale concealment, for example, forgery or intentional Misrep$entatNJn5. or through collusion.
CREWE YOUTH ZONE LTD INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF CREWE YOUTH ZONE LTD We obtsined an undorstaTrJing of how the Company is complying with those legal and regulatory frama¥orks by making enquiries of the management. We eorroborated our enquirfe$ through our review of tmjard minutes. Our lesls also incluijed agree¢ng the financial statements disclosures lo underlying supportiro do(MeNtall0n. There arg inherent limitations in the audit procedures described above and. the ftjrther ned non-compliance with laws and regLslalions 1$ from the events and Iransacb'ons reflected in the finanal ststemenls, the less "elY we Wld become aware of it. VV8 did not identify any key audit matter5 relating to irregularities. inclLrding fraud. We also addressed the risk of management override of intemal eontrols, including teskn.ng joumals and evaluating whether there was evidence of bias by the management or tnJ8tees that represented a nsk of material misstatement due to fraud. A further desffiption of our responsibilities is av8i18ble on the Financial Reporting Council's website al." https.'Il ww.frc.org.ukJaudilorsresponsibilities. This descbiption fomis part of our audttofs report. Uso of our report Thi5 re is rnade solety to the charitsble company'$ members, as a body. in accordance with Chapter 3 of Part 18 of the Companies Act 2006. Our audit work has been undertaken so that we rnighl stats lo the charitat4e company's members tse matters we are required lo slate to them in an auditor's report and for no other purpose. To th8 fullest extent pemitted by law. wè do not accept or assume responsibility lo anyone other than the charilable company and Ihe charitable company's rnembers 8s a body, for our audit work, forthis report, or for the OnionS we have fomied. CdJtr,ne C&b Catherlnp Cole {Senlor Statutory Audltor) For and on behalf of DonnellyBenlley Ltd, Statutory Auditor Chartered Accountants Hazlemere 70 Chorfey New Road Bolton Lancashire BL1 4BY Date..
CREWE YOUTH ZONE LTD STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025 Unrnstrlct&d Restricted funds funds 2025 2025 Total Unrestricted Restrlctsd funds funds 2024 2024 Total 2025 2024 Notss Income from: Donations and legacies Investments 249,820 2,738.940 2,988,760 1.477 1,477 874,577 874.577 63 63 Total Income 251,297 2,738.940 2,990,237 63 874,577 874,640 Expendlture on: Raising funds Charitable actimties 93 13,653 714,887 13,746 714,887 11,776 73.240 11,776 73,240 Totsl expendituro 93 728,540 728,633 85,016 85.016 Net income and movement In fund5 251,204 2.010.400 2.261,604 63 789.561 789,624 Reconciliation of funds: Fund balances at 1 April 2024 63 789,561 789,824 Fund balanc89 at 31 March 202S 251,267 2.799,961 3,051,228 63 789,561 789,624 The ststemenl of financial activities indudes all gains and losses recogni8ed in the year. All IrMe and exFendrture derive from continuing activities. 10-
CREWE YOUTH ZONE LTD BALANCE SHEEr ASAT31 MARCH 202S 2025 2024 Fixèd a889ts Tan9ibh assets 12 2.848,940 787.069 Curr8nta8••ts Oebtors Cash at bank and in hand 13 184,063 1,399,2Q4 287,017 47,886 1.583.267 334,883 Cr#dltots: amount# falllng due whhin 14 {1.180.979) (332,3281 current aBats 402.289 2,555 Total a080ts le88 curr•nt Ilablltl•• 3,051,228 789,624 Th•fund ofthtr ehBrity Rethcted incoma fvftds Unreicknd fvtv$8 17 18 2.799.961 2SI.267 789,S61 83 3.051,228 789,824 Thes• ffinal statement5 hav• been prep?r•d in 3ranc¢ with ts wecaal provl8i¢n8 of Part 1 S ofthg Companlg¥A¢t200e rd•ing to thtsbIe 8mll companies. The finana•l stat9meWW0 ¥proved by the trues on..STh A6vé•41&. 202r 11
CREWE YOUTH ZONE LTD STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Not88 Cash flows from operating activit195 Cash generoled from operions 21 3.212,673 834,898 Investing actlvllles Purchasè of tangible fixed assets Investment income received {1.862.8121 1,477 1787.095) Net cash used In Investlng actlvltl8s 11.861,3351 1787,032) Net Cash gonerated from Ilnancing activitles Ngt Increase in Cash and cash equlvalènts 1.351,338 47.866 Cash and c¥h equivalwts al beginning of year 47,8e6 C8sh and cash equlvalents at end of year 1,399,204 47,866 12-
CREWE YOUTH ZONE LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcies Charty InfomTratlon Crewe Youth Zone Ltd is a private company limited by guarantee incorporated in England and Wales. The reglslered offic& is Suite Ge, Atria, Spa Road, Bolton. BL14AG. 1.1 Reportlng perlod The financial statements have been prepared for a period of 12 months. The prior year financial statements wère prepare(I f a period of more than 12 months due lo in¢orporalion on 24 January 2023 (Company fegistralion numter. 14613939) as a company limited by guarantee. The comparative figures and relat&J notes are therefore not entirely comparable. 1.2 8asls of pr9pardtlon The financial statement$ have been prepared in accord8nce wth the charity's goveming documént. the Companies Act 2006, FRS 102 The Financial Reporting Stsnd8rd applicable in the UK and Republic of Ireland" and the Charities SORP 'Aceounling and Repong by CharTtres.' Statement of Recommended Practsce applicable lo charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and RepuL4ic of Ireland {FRS 102} The charity is a PubliG Benefit Entty as tsfined by FRS 102. The financial statements are prepared in sterling, which is the t)Jnctlonal currency of the charity. Monetary amounts in these finanoal slalements a rounded lo the nearest £. The financial ststemenls have been prepared under the historical cost convention. ImodifieL1 to include the revaluation of freehold properties and lo include investment properties and eertain financial instrlmenls al fair valuel. The prinapal accountsng policyes a¢*)pt¢d are sel out below. 1.3 Golng concem At the time of approving the financial slalements, the trustees have a feasonable expectation that the eharily has adequale resources lo eontrnu& in operational exi$ten¢o for the fOSeeable future. Thus the trLLStees continue lo adopt the going concern basis of accounting in preparing the financi81 stalemenls. 1.4 Charitable fund$ Unrestricted funds are available for use at the dlscrelion of the trustees in furtherance of their charitable objects'ves. Reslrided fvnds are subject to specific conditions by donors or grantors as lo how they may b8 used. The purposes and uses of the restricted funds are set out in the notes to the financ¢al stsl&menls. Endowment funds are sut48Ct lo Specif condtbons by donors that the capitsl must be maintained by the charity. 1.5 Income Income is recogni58d when the charity is legally enlill8d lo il after any perfomance conditions have been me( the amounts can te measured reliably, and il is probabl8 that InMe will be received. Cash donations are recognised on receipt. Other donations are recognised On the charity has b88n notif of the donation, unless performance conditions require defetral of the amount. Income tax reeoverable in lation lo donations r8C8ived under Gift "d or deeds of covenant is recognised al the time of the donation. Legaryes are recognised on receipt Dr othewse if thè Gharity has b88n notified of an impendiThJ distribution. the amount is known. and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. 13-
CREWE YOUTH ZONE LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng policies Icontlnuedl 1.6 Expend5turo Expendre 1$ recognised once there is a legal or conslructiV8 obligation to transfer e¢onomic benefit to a tlyrd paty, it 1$ probable that a transfer of ecorK)mic benefits wll be required In settlement, and the amount of the obligabon can be measured rellably. Expenditure is classffied by activity. costs of each activity aTe made up of the total of dir&t costs and shared costs, including support costs involved in undertaking each activity. Direct costs attn"bulatrAe to a single activity are allocated direcvy to that activty. Shared c¢sts which contribute lo MO than one actr'vity and suppcrt costs which are not atiributae lo a single activity are apportioned between those actNities on a basTrs consistent wth the use of resources. Central staff costs are alloted on the basis of lime SFent, and depreaatson charges ar8 allocated on the porb'on of the asset's use. 1.7 Tanglble Ilxed assets Tangible fixed assets are inrtially measured al cost and $u1>$equent measured al cost or valuaticfi. nel of depreciation and any impaiment Ioss8S. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the followir4J bases." Computer equipment 330h straight line The gain or loss arising on the disposal of asset is determined as the diffen bthen the sale proceeds arxl the carrying value of the asset and is recognised in the statement of finaneial ath"vib'es. 1.8 Impaimient of fixod assots At each reporting end date, the charity vIewS the carrying amounts of its tangible assets to determin8 whether there is any indication that those assèts hav8 suffered an impairment loss. If any such irtdvtion exists. the recoverable amount of the asset is estimated in order to delemine th6 exienl of the impainnent loss Irf any). 1.9 Cash and cash equivalents Cash and cash equivalents indude cash in hand, deposits held al call with banks. other short-leTh liquid investrnents with original malurilies of the months or less, and bank overdrafts. Bank overdrafts are shown within borrowiros in current liabditses. 1.10 Flnanclal Instruments The charity has elected to 8PPty the provisons of Sedon 11 'Basic Financial Instruments, and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of ils finanaal instruments. Financial instruments are recognised in the charity's balance Sheet when the tharity becfjmes paty to the contractual provisions ofthe instrument. Financial assets and liabilitie5 are offset, with the net amounts presented in the financaal statements. when there is a legally enforceable right lo set off the recognised amounts and there is an intention to settle on a nel basis t0 realise the asset and settte the liability simultsneously. 8asic financlalassets Basic financial assets, vthich indude debtors and cash and bank balances, are initially rneasured 6t transaction price including transaction costs and a subsequently carried at amortlsed cost using the effective interest method unless the arrangement constitutes a finanang Iransaction. where the transacth'on is measured al the prgsent Value of the future receipts discounted at a market rate of interest. Finanoal assets dassified as receivable wrthin one year are not amortised. 14-
CREWE YOUTH ZONE LTD NOTES TO THE FINANCIAL STATEIJIENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng policios {¢ontlnued) Baslc Ilnancial liabilities Basic financial liabilities, induding creditors and bank loans are initially recognised at transaction pr unless thè 8rrar)gemenl constitutes a financing transacbon, where the debt instrument is measured at the present value of the future payments discounted al a mathet rate of interest. Financial liabilities classified as payabl8 thin one year afft not amortised. Dèbt instnjmenls are subsequently carried at amortised cosL using the effective interest tate methoj. Trade creditors are obligations to pay for goods or seNices that have been aUired in the ordinary course of operations from suppliers. Amounts payable 8re classified as current liabilities rf paymonl is due wlhin ong year or less. If not, they are presenlgd as non-currenl liabilities. Trade creditor5 are recognised inlttally al Ir8nsaction price and subsequenuy measured at amortised cost using the effective int8rest method. Dgrecognltlon of Ilnancialllabllltles Financial liabilities are derecognisod when the chanty's contractual obligats'ons expire OT are discharged or cancelled. 1.11 Employ99 benoflts The cost of any unused hollday enb'tlemenl is recognised in the period in whKh the employee's services are received. Terniination benefits are recognised immediately as an expense when the charity is demonstrably committed to tem)inale the employment of an employee or lo provide temination b8nefits. 1.12 Retlremont bengflts Payments lo defined contribution reth'rement benefit scheme$ are charged as an expense a$ they fall due. Crfttcal accounting estlmates and ludgemènts In the applicakn.on of the charity's accounb'ng policies. the trustees arg required to make ludgemenls, eslimales and assumptions about the Carying amount of assets and liabilities that are not readily apparent from other sources. The estimates and aSsoated assumptions are based on histortcal experien and other factors that are considered to be relevant. Actual results may differ from these eslim8les. The estimates and underfying assumpb'ons are reviewed on an ongoing basis. Revi$ion$ to accounting e51imale$ are recognised in the period in which the estimate is revised where the revision affects (mly that period, or in the period of the revision and future periods where the revision affects both current and future periods. Income from donatlons and legacies Unrestricted Restrfcted funds funds 2025 2025 Total Unrgstrlctod Re8trlcted funds funds 2024 2024 Totsl 2025 2024 Donations and gifts Govemment grants 249.820 249,820 2,738,940 2,738,940 874.577 874.577 249,820 2,738,940 2,988,760 874,577 874,577 15-
CREWE YOUTH ZONE LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from Investments Unrestricted Unrestricted funds funds 2025 2024 Bank interest received 1,477 Expènditure on rnlslng funds unrestrict Restrlcted fund$ funds 2025 2026 Total Unrgstrlcted Restricted funds funds 2024 2024 Total 2026 2024 Fundiaising and publlclty Stsging fundraising events Film pr¢xluction Profossional fees Trips and minibus hire 5,184 6,000 5.184 6,000 8,944 2.832 93 2,469 2.562 2,832 93 13.653 13,74S 11,776 11,776 Expenditure on Charftable activities Charitable actlviiies 2025 Charltable activities 2024 Direct costs Share of 5UPPOrt and govgrnance costs {see note 7) Support 714.887 73,240 Anatysis by fund Restricted funds 714,887 73,240 16-
CREWE YOUTH ZONE LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Support costs allocatsd to a¢tlvllles 2025 2024 Stsff costs Depreciatlon Telephone Computer costs Brand design Insurance other staff costs Other costs Onside capital prqect fees A¢¢ountancy fees Recruilmenl costs Marketing & research Governance costs 109,570 941 419 5,062 8.096 26 173 761 9,000 567 858 684 36,000 3,080 11,775 1.121 7,938 2,887 514.045 6.292 9.800 54,492 2,520 2,220 714,887 73,240 Analysed between: Charitable acts"vits"es 714.887 73,240 Net movement In funds 2025 2024 The nel movément in funds is stated aftèr ¢hargingl(creditingl- F88s payable for the audrt of th8 charty's financial statements Deprxialion of owned tangible fixed assets ,100 26 Trustees None ¢f the trustees received any remuneration or had expenses reimbursed by the charity during trE year. (2024 £nil). 10 Employees The average monthly number of employees during the year was.. 2025 Number 2024 Numb9r Administrats'on 17-
CREWE YOUTH ZONE LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE YEAR ENDED 31 MARCH 2025 10 Employ988 (Contlnued Ernploymgnt costs 2025 2024 Wages and salaries Social security costs Other pension costs 1,506 6.783 2.281 7.906 190 109,570 8,096 Key management personnel bs considered to be the Chief Executive. The total amount of employee benefits paid to the key management personnel for the period was £68,64412024.. £3,923). The number of employees whose annual remuneration w88 more than £60,000 is as follows.. 2025 Number 2024 Number £60.001 to £70,000 11 Taxation The charity is exempt from ta110 on its activities beeausg all ils income is applied l¢y charitable PLsrposeg. 12 Tanglble fixed assets Crvwe Youth Zone. building uTrdor ¢onstN¢tlon Compylvr equlprnant Total Cost At 1 April 2024 Additions 784.702 1.857,354 2.393 787.095 5,458 1,862,812 Al 31 March 2025 2,642.056 7,851 2,649,907 Dgpreciation and Impalrnient At 1 Aprll 2024 Depreciation charg8d.in the year 26 941 941 At 31 March 2025 967 Carrying amounl At 31 March 2025 2,642.056 6,884 2,648,940 Al 31 March 2024 784,702 2,3e7 787,069 18-
CREWE YOUTH ZONE LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 13 Debtors 2025 2024 Arnounts falllng due within ong yoar: other debtors Prepayments and accnJed in¢ome 152,592 31.471 286,808 209 184.C63 287,017 14 Crnditor8: amounts falling due within one year 2025 2024 Notes Other taxation and sockql security Deferred incc¥no Trade creditors other (¥eo7tors Acwals 6.994 490,805 658.W1 20.015 1,524 262,035 58,713 4,756 5,300 16 1.180.979 332.328 15 Deferred Incom• 2025 2024 Ari%ng from Deferfftd income 490,605 262,035 Deferred in¢ome is included in the finarrial ststenIS as follows.. 2025 2024 D*rred income is included wrthin. Current liabilities 490.605 262,03S Movements in tho y&ar', Deferred income at 1 April 2024 Resources d8ferred in the year 262,035 228,570 262,035 Oeferred irwme al 31 March 2025 490,605 262,035 16 Retirement benefit schemes 2025 2024 Defined contribution schemes Charge lo yofit or loss in respect of definod conlribLrtion schemes 2,281 190 19-
CREWE YOUTH ZONE LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 16 Retlr•merbt benefit Schemes {Continuedl The charty operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from thos8 Dfthe charity in an independently administered fund. 17 Restrlctad lunds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust Subject to speufic conditions by donors as to how they may be used. At 1 Aprll 2024 Incornlng Resources At 31 March rosources expended 2026 YcArth Inveslmgnt Fund- revenue grant Youlh Investment Furxl- capital grant Cheshire East CaFitsI- capital grant 1,657 726,937 728,5401 392,904 395,000 1,862,003 150,000 2.254.907 545,000 789.561 2,738.940 1728,540) 2,799,961 Prevl¢)u8 Period: At 1 Aprll 2023 Incr>mlng resources Resources At 31 March expended 2024 Youth Invesknent Fund- revenue grant Ytsuth Investment Fund- capital grant CShire East Counil - capital grant 8e,673 (85,0161 1,657 392,904 395.000 392,904 395,000 874,577 (85,0161 789,561 The restricted fvnds relate to monies ceIved to fvnd the inlbal constructlon and fftting out of the building and the operating costs of Crewe Youth Zone. The Youth Investment Fund capitsl grant and Local Govemment gfant relate lo the construction of the YoLrth Zone. 18 Unrestrfcted funds The unrestricl8d funds of th8 charity comprise the unexpended balances ol d¢Jnatsons and grants which are not subject to speciffic conditions by donors arKI grantors as to how they may be used. These include designat&l fiJnd5 wFich have been sel aside out of unrestricted funds by the trustees for specifiG purposes. At 1 Aprfl 2024 Incomlng resources Resources At 31 March expended 2025 General funds 251,297 {931 251,267 -20-
CREWE YOUTH ZONE LTD NOTES TO THE FINANCIAL STATEMENTS {CONTINUED> FOR THE YEAR ENDED 31 MARCH 2025 18 Unrestrl¢ted funds IContinu•dl Prevlous P•riod: At 1 April 2023 Incoming resources Resources At 31 Mah expended 2024 General funds 63 19 Anatysls of net assèts botween funds Unregtrlcted fvnds 2025 Restricted funds 2026 Total 2025 At 31 March 2025: Tangible assets Current assetsllliabilrttesl 2,648,940 151,021 2,648,940 402,288 251.267 251,267 2.799,1 3,051,228 Unregtrlcted funds 2024 R8stricted funds 2024 Total 2024 At 31 March 2024: Tangible assets Current asse1511liabrlitiesl 787,C9 2,492 787,069 2,555 63 789,561 789,fj24 20 Related paty transactions There ere no disdosable related paty tran5acttons during the year12024- none). 21
CREWE YOUTH ZONE LTD NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 21 Cash genernted fmm operatlons 2025 2024 Surplus for the year 2,261,604 789.624 Adlustments for: Investment income ognIsed in statement of financial activibes DeprecialFon and impairment of tangible fixed assets (1,477> 941 (631 26 Movements In working capital: Decreasellincrease) in debtors Increase in creditors Increase in deferred income 102,954 620,081 228,570 1287,0171 70,293 262,035 Cash genernted Irom operatlons 3.212,673 834.898 r2 Analysls of changes In n•t funds The charty had no material debt during the year.