PRESTON YOUTH ZONE LTD
Preston Youth Zone is a large scale open access youth facility in the heart of the city. A brand new build, the Youth Zone will be open 7 days a week and offer up to 20 activities per session for just a £5 annual membership fee and 50p entry. The Youth Zone plans to open in Summer 2025.
Financial health, per its FY2025 accounts
The accounts state that total reserves at 31 March 2025 were £6,511,861, comprising £6,091,250 in restricted funds and £420,611 in unrestricted funds. The trustees report that unrestricted reserves amount to approximately 3.5 months' cover of operational costs, which is above their stated policy target of three months. The charity is currently in the construction phase of its Youth Zone facility, with significant capital funding secured from various sources.
What the accounts disclose
“The number of employees whose annual remuneration was more than £60,000 is as follows: £60,000 - £70,000 1” — page 21
“The number of employees whose annual remuneration was more than £60,000 is as follows: £60,000 - £70,000 1” — page 21
“The Trustees have determined that unrestricted, ‘free’, reserves should be maintained at approximately 3 months running costs.”
“Fiona Norcross, who is a director of Preston Youth Zone, was a member of the key management personnel of OnSide until 30 September 2024. During this period, Preston Youth Zone Ltd paid £207,360 (2024 - £585,120) to OnSide by way of a Project Services fee.” — page 25
“Preston Youth Zone has been awarded a total grant of £4.2million from the Ministry of Housing, Communities and Local Government of which they have received £96,669 during the period to 31 March 2025 (2024 - £606,578).”
“Fiona Norcross, who is a director of Preston Youth Zone, was a member of the key management personnel of OnSide until 30 September 2024. During this period, Preston Youth Zone Ltd paid £207,360 (2024 - £585,120) to OnSide by way of a Project Services fee.” — page 25
“Preston Youth Zone has been awarded a total grant of £4.2million from the Ministry of Housing, Communities and Local Government of which they have received £96,669 during the period to 31 March 2025 (2024 - £606,578).”
“Fiona Norcross, who is a director of Preston Youth Zone, was a member of the key management personnel of OnSide until 30 September 2024. During this period, Preston Youth Zone Ltd paid £207,360 (2024 - £585,120) to OnSide by way of a Project Services fee.” — page 25
“Preston Youth Zone has been awarded a total grant of £4.2million from the Ministry of Housing, Communities and Local Government of which they have received £96,669 during the period to 31 March 2025 (2024 - £606,578).”
Year-over-year changes
- Employees paid over £60,000: 0 (FY2024) → 1 (FY2025).
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- GUY TOPPINGchair
- Adrian Shaun Phillips
- Anthony Cox
- FIONA LOUISE NORCROSS
- JOHN GEORGE CHESWORTH
- Munir Gulamyahya Mohmed Patel
- Rachel Anne Gelder
- Sarah Page
- Venkata Dharma Kovvuri
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £5.8m | £684k |
| 31/03/2024 | £1.5m | £173k |
Common questions
Is PRESTON YOUTH ZONE LTD financially healthy?
Per its FY2025 accounts: The accounts state that total reserves at 31 March 2025 were £6,511,861, comprising £6,091,250 in restricted funds and £420,611 in unrestricted funds. The trustees report that unrestricted reserves amount to approximately 3.5 months' cover of operational costs, which is above their stated policy target of three months. The charity is currently in the construction phase of its Youth Zone facility, with significant capital funding secured from various sources. Its FY2025 accounts were audited by DonnellyBentley Ltd.
What does the highest-paid employee of PRESTON YOUTH ZONE LTD earn?
Per its FY2025 accounts, the highest-paid employee was in the £60,001 - £70,000 band, and 1 employees earned over £60,000.