Charity registrdtion number 1070668 Company registration number 03450197 {England and Wales) MANCHESTER YOUNG LIVES LTD ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
MANCHESTER YOUNG LIVES LTD LEGAL AND ADMINISTRATIVE INFORMATION Dlrectors R Knox G Holmes H Uddin DAtkinson R Miemczyk Qshahraz K Bell F Elliot M Harte IAppointed 28 June 20231 Key staff E Young Chief Executive Char5ty number 1070668 Company number 03450197 Reglstered offlce The Addy Young Peoples Centre Woodhouse Lane Manchester M22 9TF Independent examiner Mitchell Charlesworth IAuditl Limited 3rd Floor 44 Peter Street Manchester M2 5GP Bankers CAF Bank Limited 25 Kings Hill Avenue Kings Hill West Mallin8 Kent ME19 4JQ Royal 8ank of Scotland 467 Wilmslow Road Withington Manchester M209AP Shawbrook Bank One New Bailev 4 Stanley Street Salford M3 5JL
MANCHESTER YOUNG LIVES LTD CONTENTS Page Directors, report Independent examiner's report Statement of financial activities io-ii Balance sheet 12 Statement ofcash flows 13 Notes to the financial ststements 14-30
MANCHESTER YOUNG LIVES LTD DIRECTORS, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their annual report together with the financial stataments of Manchester Young Lives Ltd for the year ended 31 March 2024, which are also prepared to meet the requirements for a directors, report aml accounts for Companies Act purposes. Reportlng Framework The financial statements have been prepared in accordance with the accounting policies set out in note I to the financial statements and comply with the charity's governing document. the Companies Act 2006 and "Accounting and Reporhng bv Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102}" leffective l January 20191. Chairs Statement As the Chair of Trustees for Manchester Young Lives. it is my privilege to present the annual repLYt for the financial year ending 31 March 2024. This year has been one of significant growth and transformation for our organisation, marked by notable achievements and strategic developments. LeadershSp Changes A major change within our board was the retirement of our long-standing Chair, Chris Duncan, at our AGM in December 2023. Chris Duncan's dedication and leadership have been instrumental in guiding MYL through variou5 pha5e5 of growth. We express our deepest gratitude for his years of seNice and unwaverin8 commitment to our mission. A further chan8e to our board is the welcome appointment of a new trustee with extensive experience in HR Fiona Elliot, who was appointed in June 2023, and who is already provin8 to be a valuable asset to the organisation. Operational and Strategic Developments Throughout the year, we continued to provide essential services through our adventure playgrounds, Centres, and Post 16 learning hubs, positively impacting the lives of children and young people in some of Manchester's nY)st deprived areas. Our guiding principle remains that all children and young people, regardless of their starting point, can learn, progress, and achieve. One of our key strategic achievements was securing a 3-year grant from the National Lottery Community Fund for our Early Intervention Work, which launched in January 2023. This funding has enabled us to enhance our support services, beneliting 285 children with dedicated early intervention and providing lighter touch interventions to an additional 718 children. Our Post 16 programmes saw significant expansion. doubling the number of places and opening a new learning hub in Moss Side. This growth reflect5 our cornmitment to providing comprehensive support to young people with Special Educational Needs and Disabilities ISENDI, helpin8 them develop academically and prepare for employment. Awards and Recognitions This year, MYL was honoured with several awards, highlighting the impart of our work. We received the Youth Buzz 'Play Project of the Year, award in March 2024, recognizin8 our contributions to play in Manchester. Additi)nally, one of our young volunteers won the Spirit of Manchester - Volunteer of the Year award, showcasing the incredible dedication of our young people to their communities. Communlty Engagement and Beneflclary Impact Our outreach efforts and community engagement activities have been robust. with over 3,125 childr8) and young people engaging in MYL activities from April 2023 to March 2024. We have maintained a balanced gender distribution and diverse ethnic representation among our beneficiaries. ensuring our services are inclusive and reflective of the communities we serve. Staff and Volunteer Development MYL'S success is driven by our dedicated staff and volunteers. This year, we expanded our team, adding 11 new posts to SUPPOrt the growth of our Post 16 programmes. We remain committed to the continuous professional delopment of our Staff, providing training and qualifications to enhance their skills and expertise.
MANCHESTER YOUNG LIVES LTD DIRECTORS, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Future Plans Looking ahead, we aim to replicate the su¢¢essful play and youth delivery model from our Wythenshawe adventure playground across our other sites in Moss Side and Ardwick. We also plan to commission an independent evaluation of our Post 16 work to continuously improve our programmes. Securing capitsl funding for infrastructure imtrovements and energy efficiency upgrades across our centres will also be a prioritv. Objectives and activities Charitable objects: The objects of the charity are.. "The provision of facilities for the recreation and of other leisure time occupation for children ond young people, being focilities.. of which such children ond young people have need by reason of their youth or Socio-economic circumstances, ond which will improve the condition of life for such children ond young people by promoting their physicol, mentol, ond spirituol well-being. The advancement of educotion for the public benefit by the provision of support and odvice to chillren, young people, ond adults in such ways os the trustees shollfrom time to time determine.- The Charity's main activities are the provision and operation of adventure playgrounds and activity centres and Post 16 learning hubs for young people with an Education, Health and Care Plan IEHCPI. It operates in some of the most deprived areas of Manchester. Our purpose and artlvltles MYL believes passionately that 'all children and young people can learn, make progress and can achieve, no matter what their starting point,. The charity works to a first principal of noTrselection, alongside a celebration of cultural diversity and inclusion, these are key ingredients in our work. In shaping the charity's objectives for the year trustees have considered the Charity Commission's guidance on public benefit and believe all MYL work in the year has been consistent with this 8uidance. Manchester Young Lives Centres The Addy Young People'5 Centre-wythenshawe Moss Side Adventure Playground- Moss Side A6 Young People's Centre- Ardwick MYL also deliver activities via our outreach work in hired spaces and through street based detached work Contracts, grants and donations Our largest contract came from our Post 16 work funded via Manchester Adult Education Service IMAESI for Personal Employability Programmes with additional place5 funded through Manchester City Council for young people with EHCP. In addition, we received a new partnership contrart with MAES, commissioning MYL to deliver the employability element of their Post 16 STEPS programme. The largest grant funding came via Manchester City Council for delivery of play and youth services, holiday activities and strategic leadership for play in Manchester. However. changes to commissioning within MCC resulted in our strategic leadership role for the city coming to and end 31st December 2023. MYL secured a 3-year grant from Lottery ITNLCFI for Early Intervention work which launched in January 2023, we are now in our 2nd year of funding. The charity has been successful in securing a number of smaller grants from trusts and foundations to fund discrete project work which continues into 2024-25. in addition we have received donations for extra value work from our corporate sponsors.
MANCHESTER YOUNG LIVES LTD DIRECTORS, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 At the end of the financial year 2022-2023 MYL migrated the accounts system to a new online package, as part of this process there were some data transfer issues which meant that some transactions totalling £74,739 were omitted from the opening balances. This has been addressed in the Current financial year and is refleded corredly in the accounts. Strategles the ¢harity has used to achieve its aims and objertives: Present a broad and balanced programme of activities which provide learning opportunities which are stimulating, engaging, easily accessible and positive. Provide discrete projects focused on areas of need and concern for young people's personal and social development. Encourage successful outcomes for children and young people which builds confidence, resilience, self-esteem and supports the transition to adulthood. Welcoming and celebration of the diversity of culture and history, which informs our learning and is promoted in all areas of the charity's work. Ach5evements and performance BeneficSarles The overall number of children and young people who have engaged in MYL activities in the period I" April 2023- 31" March 2024 is recorded at 3,125. The largest volume of service users is from our after-school play and youth provision and holiday playschemes with 2,681 children registered with the remaining young people engaging in our Post 16 and detached programmes. The gender distribution among young people was relatively balanced, with a slight majority of male5 at 56% and 43% female with the other 1% not disclosed. A total of 7% engaged during the period had a disability, 44% h1 no disability and 49% chose not to disclose or were in the process of assessment. The overarching ethnicity profile for beneficiaries during this period is 45% White British and 55% BAME. The ethnicity profile for participants has remained consistent with the ward demographics where delivery takes place. MYL Development Dav Trustees and senior leaders came together in November 23 for our annual development day, to review our purpose, and establish key themes and priorities in order to update our >year strategic plan. Views and opinions from young people are important to our trustees therefore young people were asked to contribute through a variety of WH such as attendance at board meetings, and through a video presentation played at the development day with young people across the divisions sharing their experiences and recommendations. Play Project of the Year- Youth Buzz Awards MYL won the Youth 8uzz 'Play project of the year, award in March 24 for our contribution to Play n the city of Manchester. This included MYL leading on large scale Play Day event in Whitworth Park and supportbng MCC with a variety of consultations, including Play satisfaction, Our Year and Child Friendly City. SplrSt of Manchester One of our young volunteers who has overcome many challenges won the Spirit of Manchester- Volunteer of the Year award for his volunteering contributions at our Wythenshawe centre 'The Addy, This was a fantastic achievement and great recognition for giving up his free time to help disadvantaged young people and support his local community. MYL also had several young people nominated and 5hortli5ted for other awards including Outstanding Achievement and Manchester StarAward.
MANCHESTER YOUNG LIVES LTD DIRECTORS, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Northern Council for Further Education INCFE) Annual Monitoring Review MYL had our NCFE annual monitoring review 28th February 24 after a successful review, MYL passed all the requirements and we were graded a low risk centre, this was followed by a successful NCFE external quality assurance review of the learners functional skills qualifications. Matrix MYL had our one-year review in December 23 for our information, advice and guidance services Matrrx quality standard. We received great feedback from the assessor, all Matrix standards continue to be met. Lord Mayor of Manchester MYL young volunteers were invited to the Lord Mayors Suite at Central Library for afternoon tea in April 23 as a reward for their volunteering contributions. Additionally, our post 16 learners in Wythenshawe received a visit from the new Lord Mayor of Manchester in June 23, to gain an insight into our post 16 work, the learners also shared their experiences of living in Manchester and why they love their city. Post 16 Programmes Manchester Youn8 Lives Learnin8 Hubs provide personalised learnin8 programmes for young people a8ed 16-24 with Special Educational Needs and Disabilities ISENDI, and who have an Education Health Care Plan IEHCPI, suppothn8 them to develop academically and with a view to 8ainin8 employment. Since Sept 23 MYL has had a significant expansion of our post 16 offer, more than doubling the number of places across our Wythenshawe and Ardwick learning hubs and opening up a 3, learning hub in Moss Side as a base for our Outreach and STEPS programme. This has inevitably seen a significant increase in the post 16 staffing structure. MYL provided 25 places on our Personal Employability Programme IPEPI funded though MAES and 27 places funded by MCC for a of mix of centre based and community employability education for young people who need additional support and flexibility to complete functional skills learning, alongside developing work and life skills. The Steps programme is a partnership with MAES, young people on programme complete their functional skills with MAES and MYL deliver the employability skills through a combination of 1-2-1, group work, industry visits and work placements. The Steps programme commenced 2nd October with 25 learners on roll. divided into 3 cohorts, with various needs. Developing the skills needed to secure and maintain a job via work placements and volunteering are a central strand of all MYL Learning Hubs. Work related learning is embedded into the curriculum to support young people to develop the skills and self-belief to go out into a workplace. Each young person has an individual Work Development Plan t) support their individual needs and aspirations. Travel training is provided for young people who need to develop skills in navigating public transport. MYL Learning Hubs offer a unique blended team of qualified Teachers, Basic Skills Tutors and Youth Engagement Workers, which enables us to offer funcknonal skills qualifications accredited by the NCFE alongside a high level of pastoral support and enrichment. These qualifications can often be a gateway to the careers young people want to pursue. 3 young people have achieved entry level 3 in Maths, with a further 8 due to complete by the end of the academic year. Furthermore 20 young people are completing NCFE Employability Award. Thank5 to 'We love Manchester, MYL were able to set up a Post 16 crisis support fund, officially bunched April 23 for a 2-year period. The fund enable5 the team to act early when a learner 15 experiencing tinancial hardship, reducing the risk of to impact negatively on their engagement on programme.
MANCHESTER YOUNG LIVES LTD DIRECTORS, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Play and Youth MYL delivers all year round play and junior youth sessions to children and young people aged &16 years from our 3 Adventure Playgrounds in Wythenshawe, Ardwick and Moss Side and play from hired spaces at Norbrook Youth club and St Pauls Church Hall in Higher Blackley. MYL are the leading provider of play in the city mainly due to the popularity of our adventure playgrounds and the variety of activities and opportunities we have on offer. The Addy Young People's Centre is now open 5 evenings per week thanks to several funding streams for the play and youth delivery. This is fantastic news for the children of Wythenshawe, and we hope to replicate this across our other 2 adventure playgrounds in Ardwick and Moss side, Setting it as a priority in our strategic plan. MYL play and youth se55ion5 are open acce55 on a first come first serve basis. The play is very popular with an average attendance of 40 to 50 children per session and between 25 and 35 young people on our youth se55ion& The weather can impact attendance, especially in winter months. MYL support children and families to overcome hardship by making referrals when necessary for clothing and uniform support. We also received and distributed several thousand pounds worth of toys and gifts over the Christmas period donated by Hits Radio Mission Christmas and Mason Advisory and provided food hampers during Easter, Summer and Christmas school holidays for 90 families who were the most in need. Many children attending play and youth session have limited opportunities in their lives for wider activities due to low income. Therefore MYL has worked with Wood Street Mission and other Partners to provide trips to the theatr¢ pantomimes, educational trips to Gauntlet 8irds of Prey Eagle and Vulture Centre, Club de Padle, Cirques du so11, water sports such as canoeing and kayaking at Water Adventure Centre IWACI and Debdale outdoor centre plus sports days picnics in local Parks These trips broaden children's horizons, build their skills confidence and self-esteem through new experiences. Holiday playschemes {HAFI Playschemes were delivered during Easter, summer and Christmas children were able to attend and benefit from a free 4-hour play session each day which included numerous activities such as adventure play, arts and craft, cooking and baking, team games plus a wide range of physical activities to support health and fitness. Children were involval in all session planning, making sure games were fun, interactive and accessible to all. We also provided a wide variety of meals for children throughout the holiday playschemes to help combat holiday hunger. National Play Day MYL held 3 community events for National Playday in August which seen over 500 people attend, the theme was 'playing on a shoestring,. Families enjoyed lots of free activities. music from our DJ entertainers, competitions, circus skills, lunch and much more. We also supported Manchester City Council UNICEF child friendly city consultstion during the event. Early Intervention Pro8ramme-Well-belng champions Our Early Intervention project had a successful year, providing a dedicated programme of early intervention support to improve mental health and well-being to 285 children aged 5-14. A further 718 children have benefitted from lighter touch interventions such as tips to support positive mental health via group work/advice & guidance. The project team have delivered targeted group and l-l sessions. liaised with other support agencies and families, and advocated for children's perspectives in difficult situations. The Early Intervention Workers have worked closely with Community Connectors, and other partners such as the Wildlife Trust on natural play and sensory activities. MYL also trained and 514)ported 30 young people to become peer mentors to children on the early intervention programme.
MANCHESTER YOUNG LIVES LTD DIRECTORS, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Youth Engagement Although once a significant part of MYL'S work across the ¢ity over the last few years there has been a shift in our main funding streams with our street-based detached being our smallest area of work, mainly due to limited funding for detached. MYL do deliver a significant amount of outreach work through our post 16 programme5, however this is via a referral and enrolment first basis. Desplte a small project the detached team engaged 217 young people in North Manchester during the period, predominately across Moston and Hapurhey with a small percentage 15%) from Higher Blackley. Successful collaboration with key organisatr.ons and effective signpostr.ng to local youth and support projects demonstrated a commitment to holistr"c sUPPOrt for young people. Emphasising the importance of a network that enhances the reach and impact of detached youth work. Stsffing MYL headtount March 2024 was approximately 34 staff with around 50% of these being part-time. Additionally, MYL had 4 vacancie5 at this time i full-time and 3 part-time. There has been a significant increase in the staffi'ng structure due to the expansion of our post 16 work. creating 11 new posts including 8 on post 16 plu5 a new maintenance dlicer and 2 cleanerl caretakers. During the reporting period 74% of staff were female, 24% were male and 2% were noTrbinary. Ethnic prolile of staff was 59% white/British and 41% BAME back8rounds. MYL have highly skilled and professional staff across the organisation, who share their knowled8e, expertise and 8ood practice with colleagues across the divisions to ensure MYL provide quality services to children and youn8 people. Continuous professional development of staff is very important to MYL. Therefore, we regularly review trainin8 records to ensure staff are up to date with all mandatory training, additionally we offer training and qualifications relevant to staff roles for CPO such as Leadership and Management courses, youth and play work and IAG qualifications Future Plannln8 Prlorltles: To explore new funding opportunities which would replicate our Wythenshawe adventure playground pby and youth delivery to our other adventure playgrounds in Moss Side ond Ardwick brin8in8 delivery up to S evenings per week at all 3 sites. To build on the Success of our post 16 work, continually learning and improving the quality of our programme5 and commission an independent evaluation of our work. To seek capital funding opportunities for investment into our 3 adventure playgrounds, prioritisirg our Wythenshawe site due to the age of the structures. Increase our portfolio of partnerships with corporates with the aim to raise our profile, build ir£ome, specialised pro- bono services, and create a bank of a work placement providers. To seek funding for energy efficiency upgrades across the 3 centres. Financial review Overview During the year, incoming resources amounted to £1,000,837 12023.. £815,562) and resources expended amounted to £898,24112023.. £740,879). The closing fund balance at 31 March 2024 was £772,67612023.. £670,080), of which £98,260 12023.. £99,165) is restricted. Golng concern In light of the availability of designated funds. and the forecasts that the trustees have overseen, the trustees are confident that the charity has the resources and cashflow to meet its liabilitie5 as they fall due. Accordingly. they believe that there 15 no significant going concern risk.
MANCHESTER YOUNG LIVES LTD DIRECTORS, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Reserves policy The directors have considered the level of free reserves li.e, unrestricted reserves not invested in fixed assets or designated bv the Boardl that is is appropriate for the company to hold. They have concluded that a target level of f ree reserves equivalent to three to six months core costs, those costs that are not easy to vary to the short term, is appropriate. This equates to between £150k to £250k. At the year-end, the company had free reserves of £237k. which is within the desired range. Structure, governance and management Govern5ng document The charity is a company limited by guarantee and 15 governed by its Memorandum and Articles of Association dated October 15, 1997, and amended September 28,2(K)4, and July 27. 2017. It is registered as a charity with the Charity Commission. The directors who served during the year and up to the date of signature of the financial ststements were.. C Duncan (Resigned 12 December 2023} R Knox G Holme5 H Uddin D Atkinson R Miemczyk Qshahraz K Bell (Appointed 28 June 20231 M Harte Members of the companv The directors have the power to admit any person or organisation to membership and also have the wwer to permit member5 to retire, providing there are never less than two members. There are currently ten members of the company, each of whom agrees to contribute a sum not exceeding £10 in the event of the charity being wound up. Appolntment of trustees The directors, who are trustees, are appointed by the members in the general meeting. At each AGM, one-third of the directors retire by rotation, being the longest in office and are eligible for re-election. Other than a retiring trustee, the onlv people eligible for election as tru5tee5 are those either nominated by the trustees or by a member giving not less than 14 and not more than 35 clear days, notice of the intention to propose a person for appointment or re-appointment. Trustee Snductlon and tralning New trustees have extensive inducknon including an introduction to senior management to assist in the understanding of their roles and responsibilities. Visits to projects based at various locations are also arranged. New trustees receive a comprehensive induthon pack including copies of the governing document, financial accounts & annual report, business plan5, copies of all MYL policies & procedures, trustees job description and code of practice and Charity Commission leaflet CC3.
MANCHESTER YOUNG LIVES LTD DIRECTORS, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Statement of directors, responsibilities The directors, who also act as trustees for the charitable activities of Manchester Young Lives Ltd, are responsible for preparing the Directors, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company Law requires the directors to prepare financial Statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources. including the income and expenditure, of the charitable company for that year. In preparing these financial statements, the directots are required to: select suitable accounting policies and then apply them consistentlv,. observe the methods and principles in the Charities SORP.. make judgements and estimates that are reasonable and prudent. and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The directors are responsible for keeping adequate accounting records that disclose with reasonable a¢¢ura¢y at any fjme the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The directors, report was approved by the Board of Directors. G Holmes Dlrertor 23/1012024
MANCHESTER YOUNG LIVES LTD INDEPENDENT EXAMINER'S REPORT TO THE DIREcfoRS OF MANCHESTER YOUNG LIVES LTD I report to the directors on my examination of the financial statements of Manchester Young Lives Ltd (the charity) for the year ended 31 March 2024. Responsibilities and basis of report As the directors of the charity land also its directors for the purposes of company lawl you are responsible for the preparation of the h'nancial statements in accordance with the requirements of the Companies Act 2006 Ithe 2006 Act). Having satisfied myself that the financial ststements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's financial statements carried out under section 145 of the Charities Act 2022 (the 2012 Actk In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145lSllbl of the 2022 Act. Independent examiner's statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the charity as required by section 386 of the 2CQ6Act; or the financial statements do not accord with those records,. or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination,. or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounts'ng and reporting by charities applicable to charits'es preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the fi'nancial statements to be reached. Jamielee Johnston CA For and behalf of Mitchell Charlesworth (Audit) Limited 3rd Floor 44 Peter Street Manchester M2 5GP 2311012024 Dated..
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MANCHESTER YOUNG LIVES LTD BALANCE SHEEr AS AT31 MARCH 2024 2024 2023 Notes Fixed assets Tangible assets 14 90,080 99,898 Current assets Debtors Cash at bank and in hand 15 159,407 615,159 44,997 657,406 774,566 {65,484} 702,403 1102,2211 Creditors: amounts falling due within one year 16 Net current assets 709,082 600,182 Total assets less current Ilabilities 799,162 700,080 Provlslons for Ilabllltles 17 130,0001 130,0001 Net assets 769,162 670,080 The funds of the charity Restricted income funds Unrestricted funds- 8eneral Unrestricted funds- Designated 18 92,143 303,908 373,111 98,260 296,820 275,000 20 769,162 670,080 The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2024. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476. These financial statements have been prepared in accordance with the provision5 applicable to companie5 subject to the small companies regime. 2311012024 The financial statements were approved by the dirertors on ......... G Holme5 Director Company registration number 03450197 {England and Wales) 12-
MANCHESTER YOUNG LIVES LTD STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes Cash flows from operating artivities Cash (absorbed byl/generated from operations 25 152,8471 159,138 Investing activities Purchase of tangible fixed assets Investment income received 16,2691 4,182 10,600 Net cash generated from}{used In) Invest5n8 activities 10,600 12,0871 Net cash used in linancing activities Net Idecrease}Ilncrease In cash and cash equl¥alents 142,2471 157,051 Cash and cash equivalents at beginning of year 657,406 500,355 Cash and cash equivalents at end of year 615,159 657,406 13-
MANCHESTER YOUNG LIVES LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies Charity information Manchester Young Lives Ltd is a private company limited by guarantee incorporated in England and Wales. The registered office is The Addy Young Peoples Centre. Woodhouse Lane. Manchester, M22 9TF. 1.1 Accountlng conventlon Basis of preparation The financial statements have been prepared under the historical cost convention, in accordance with the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" I'FRS 102,1 and the Charities SORP "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191. The charity is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. 1.2 Goln8 concern At the time of approving the financial statements, the directors have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Inwme All income is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. The following applies to particular types of income: Donations from individuals and other bodies (not being of the nature of a 8rantl are recognised when receivable. Glfts In klnd are re¢ognised in the accounts at market value when measurable. Grant5, whether of a capital or a revenue nature, are recognised when the charity ha5 entitIennt to the funds, any performance conditions have been met and it is probable that the income will be received. Deferred Income Income is only deferred and included in creditors when: The income relates to a future accounting period A sales invoice has been raised ahead of the work being carried out and there is no contractual entitlement to the income until the work has been done Not all the terms and conditions of the grants have been met, including the incurring of expenditure and the grant conditions are such that the unspent grant must be refunded Earned income is measured at the fair value of the consideration received or receivable for service5 and goods supplied, net of discounts. 14-
MANCHESTER YOUNG LIVES LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (Continued) 1.4 Expenditure Expenditure is recognised when there is a legal or constructive obligation to make a payment to a third party, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings: Cost of raising funds including those associated with fundraising activities, managing investments and commercial trading by the subsidiary companv. Charitable activities cost5 of undertaking the work of the charity. Allocation of support Costs Support costs are those functions which assist the work of the charity either by supporting the delivery of charitable activities or by supporting the generation of funds. They include property costs, back-office functions, staff costs and professional fees. The basis of allocations is set out in note 6. 1.5 Tan8lble fixed assets Individual lixed assets costing more than £500 are capitalised at cost and are depreciated over their estimated useful lives on a straight line basis set out below. Depreciation rate5 are a5 follows: Short Leasehold Property Fixtures & Equipment Motor vehicles Playground Construction 5.2% straight line from 01106106 lover remaining life of the lease) 6.67%125%140%133% straight line 20% straight line 18% straight line 1.6 Cash and cash equivalents Cash at bank and in hand include5 cash from short-term highly liquid investments with short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 1.7 Financial in5trumentS The charity only has basic financial instruments which are initially recorded at cost. and subSeqntIV measured at their settlement value. 1.8 Operating lease agreements Payments under operating leases are charged to the statement of linancial activities in the period to which they relate. 1.9 Debtors Trade and other debtors are recogni5ed at the settlement amount due. and prepayment5 are valued at the amount prepaid. 1.10 Creditors and provi5i0n5 Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of fund5 to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount. 15-
MANCHESTER YOUNG LIVES LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Critical accounting estimates and judgements In the application of the charity's accounting policies. the directors are required to make judgerrents, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recoEnised in the period in which the estimate is revised where the revision affects only that peritxl, or in the period of the revision and future periods where the revision affects both current and future periods. Income from donatlons and legac5es Unrestrirted funds 2024 Restricted funds 2024 Total Unrertricted funds 2023 Restricted funds 2023 Total 2024 2023 Donations- Core Donations - Playgrounds 1,622 2,028 46,850 3,650 46,850 3,729 3,729 30,000 30,000 1.622 48.878 50.5IXI 3,729 30,O¢yJ 33,729 16-
MANCHESTER YOUNG LIVES LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from charitable activities Designated funds Restricted fund5 Total Designated funds Restricted funds Total 2024 2024 2024 2023 2023 2023 Playgrounds and related work Playschemes MCC 79.703 115,000 67,139 10,500 6.750 23,100 79,703 115.OC(J 67,139 10,51XI 6,750 23,IlXI 87,595 153,000 78.500 87,595 153,000 78,500 Lottery Early Intervention MYZ Partnership Moss Side Play IMSMPHI Other grants Edu¢atlon Post 16 Education Other 595,471 23,659 619,130 100,208 1,795 100,208 1,795 Youth Engagement MYZ Partnership Hidden Talent Other income 19.719 17,007 116,483 19,719 17,007 116,483 595,471 325,8SI 921.322 102,003 472.304 574,307 Educational income is credited to the designated fund for education. Income from other tradln8 artivlties Unrestricted funds 2024 Restricted funds 2024 Total Unrestrirted funds 2023 Restricted funds 2023 Total 2024 2023 Playgrounds Other Youth Work 4,249 187,023 4,249 199,095 5.153 9.748 14.901 12,072 Other trading activities 5.153 9.748 14.901 191,272 12.072 203,344 17-
MANCHESTER YOUNG LIVES LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from investments Unre5trirted funds 2024 Unrestricted funds 2023 Investment income - bank interest 10,600 4,182 Expenditure on ralsing tunds Unrestricted funds 2024 Unrestrlcted funds 2023 Fundralslng and publlclty Other fundraising costs 10.129 13,178 Expenditure on charitable artivities Charltable Expenditure 2024 Charltable Expenditure 2023 Playschemes and related work Post 16 Education Youth Engagement 354,779 513.713 19,620 322,408 112,258 293,035 888,112 727,701 Analysls by fund Unrestricted funds- general Unrestricted funds- Designated Restricted funds 125,002 90,766 511,933 497.360 390,752 888,112 727,701 Educational expenditure is charged to the designated fund for education. 18-
MANCHESTER YOUNG LIVES LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charitsble Expenditure Analysis Dirert Staff Costs Direct Cost5 Support Costs Total 2023124 Play sthemes & activities Post 16 Education Other 209,518 351,064 46,196 144,528 99,065 354,779 18,121 513,713 19,620 19,620 560,582 190,724 136,806 888,112 Dlrert Staff 05Trct Support Costs Costs Costs Total 2022123 Play schemes & activities MYL Independent School Youth Engagement 180,019 67,772 157.733 65,454 18,403 44,296 76,935 322,408 26,083 112,258 91,006 293,035 405,524 128,153 194,024 727,701 19-
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MANCHESTER YOUNG LIVES LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Governance costs comprise: Independent examiner fees Office costs 4,340 4,565 2,795 4.340 7,360 li D5rectors None of the directors lor any persons connected with them) received any remuneration or benefits from the charitv during the year. 12 Employees 2024 2023 The payroll c05t5 of the group were as follows.. Wages and salaries Social security costs Pension costs 602,744 48,332 10,795 489,086 37,328 10,891 661.871 537,305 The average monthly number of employees during the year was: 2024 Number 2023 Number Charitable activities Support staff 32 25 Total 34 27 The number of employees whose annual remuneration was more than £60.000 is as follows: 2024 2023 Number Number Under £60,000 £60,000- £70,000 34 27 -21
MANCHESTER YOUNG LIVES LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 12 Employees (Continued) The key management personnel of the charity comprise the trustees and senior stsff as set out in page l. The trustees do not receive any remuneration for their services The total employee benefits of other key management personnel was as follows= 2024 2023 Key management personnel employee benefits 106,934 131,721 13 Net movement In funds 2024 2023 The net movement in funds 15 stated after charging/lcreditingl'. Fees payable to the charity's independent examiner: for the independent examination of the charity's financial statements for other financial services Depreciation of owned tangible fixed assets 4,340 4,565 1,550 14,251 9,818 14 Tan8ible fixed assets Short Leasehold Property Fl¥tures & Motor vehkles Eguipment Playground Construthon Totsl Cost At l April 2023 307,559 220,584 3,685 466,581 998,409 At 31 March 2024 307,559 220,584 3,685 466,581 998,409 Depreciation and irnpairrnent At l April 2023 Depreciation char8ed in the year 304.219 1,119 214,749 2,975 3,685 375.858 5,724 898,511 9,818 At 31 March 2024 305,338 217,724 3,685 381,582 908,329 Carrying amount At 31 March 2024 2.221 2,860 84.999 90,080 At 31 March 2023 3.340 5,835 90,723 99,898 -22-
MANCHESTER YOUNG LIVES LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 15 Debtors 2024 2023 Amounts falling due within one year: Trade debtors Prepayments and accrued income 13,620 145,787 27,938 17,059 159,407 44,997 16 Creditors: amounts falling due within one year 2024 2023 Other taxation and social security Trade creditors Accruals and deferred income 13,699 7,450 44,335 8,325 11,068 82,828 65,484 102,221 17 Provisions for liabilities Z024 2023 30,000 30,000 Movements on provlslons: At l April 2023 and 31 March 2024 30,000 The provision related to six years gas supply at The Addy Centre, the company has been unable to identify the supplier despite extensive investigation. The liability is not expected to crystallise before 31st March 2024. -23-
MANCHESTER YOUNG LIVES LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 18 Restricted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. At l Aprll 2023 Incomlng resources Resources expended Transfers At 31 March 2024 Playgrounds and related work Education Youth Engagement Capital grants Other Youth Work 44,396 349,042 23,659 1354,7791 116,3531 15,684 8,406 120,6561 13,3481 72 54,343 15,712 20,656 23,408 9,800 20,060 2,028 11,776 119,6201 98,260 384,477 1390,7521 158 92,143 Prevlous year: At l April 2022 Incoming resources Resources expended Transfers At 31 March 2023 Playgrounds and related work Youth Engagement Capital 8rants Other Youth Work 28,390 41,469 26,756 2,550 319,095 183.209 1303,0891 1204,0221 44,396 20,656 23,408 9,800 13,3481 12,072 14,8221 99,165 514,376 1511,9331 13,3481 98,260 19 Analysls of restrlcted funds At l April 2023 Incoming resources Resources Transfers At 31 March 2024 expended Playgrounds and related work Playschemes MCC Play and Youth TNLCF - Play For All The ALA Green Charitable Trust Moss Side Play IMSMPHI MYZ Partnership Other Grants & Donations 10,635 79,703 115,000 67,139 45,000 6,750 io,soo 24,950 178,9721 1114,9971 17,0031 157,1021 145,0001 16,7501 110,5001 141,4581 22,687 11,366 22.852 32,889 3.909 10,088 44.396 349.042 1354,779} 15,684 54,343 -24-
MANCHESTER YOUNG LIVES LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 19 Analysis of restrirted funds (Continued) Education MYZ- MYL Detached 1,421 1,421 5,283 6,595 2,413 MYZ- KCYPS We Love Manchester- Crisis Fund Other grants 11,409 11,000 1,250 16,1261 16,3861 13,8411 1,981 5,004 23,659 116,353} 8,406 15,712 Youth Engagement Big Lottery- Engage To Succeed Hidden Talent Other grants 1,421 1,837 17,398 11,4211 11,8371 117,3981 20.656 120,6561 Capitsl Grants Capital grants expended 23,408 13,3481 20,060 23.408 13,3481 20,060 General Rank Foundation Other grants 9.800 9,748 2,028 119,6201 72 2,028 9,800 11.776 119,6201 72 2,028 98,260 384,477 1390,7521 158 92,143 The Youth Engagement project ha5 been consolidated into other profits and this is shown as a transfer between the funds. -25-
MANCHESTER YOUNG LIVES LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 19 Analysis of restrirted funds (Continued) Previous year: At l April 2022 Incoming resources Resources Transfers At 31 March 2023 expended Playgrounds and related work Playschemes MCC Play and Youth TNLCF - Play For All The ALA Green Charitable Trust Other Grants & Donations 10.090 87,595 153,000 33,314 30,000 45,186 187,0501 1153,0001 110,4621 130,0001 152,577) 10,635 7,000 22,852 11,300 3,909 28,390 349,095 1333,0891 44,396 Youth Engagement Big Lottery- Engage To Succeed Hidden Talent Other grants 19,719 17,007 116,483 118,2981 116,5701 1139,1541 1,421 1,837 17,398 1.400 40.069 41,469 153.209 1174,0221 20,656 Capitsl Grants Capital grants expended 26.756 13,3481 23,408 26,756 13,3481 23,408 Other Youth Work Rank Foundation 2,550 12.072 14,8221 9,800 2,550 12,072 14,8221 9,800 99.165 514,376 1511,9331 13,3481 98,260 -26-
MANCHESTER YOUNG LIVES LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 20 Unrestricted funds- Designated These are unrestricted funds which are material to the charity's activities. At l April 2023 Incoming resourtes Resources expended Transfers At 31 March 2024 Redundancv Strategic Development Playground Investment Education 100,000 100,000 75,000 loo,000 loo,000 75,000 98,111 595,471 1497,3601 275,000 595,471 1497,3601 373,111 Prevlou5 year: At l April 2022 Incoming resources Resources expended Transfers At 31 March 2023 Redundancy Strategic Development Playground Investment Education 100,000 100,000 75,000 loo,000 loo,000 75,000 102,003 190,7661 111,2371 275,000 102,003 190,7661 111,2371 275,000 21 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specilic conditions by donors and grantors as to how they may be used. These include desi8nated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At l April 2023 Incoming resources Resources expended Transfers At 31 March 2024 General Fund 296,820 17,375 110,1291 11581 303,908 Previou5 year: At l April 2022 Incoming resources Resources expended Transfers At 31 March 2023 General Fund 221,232 199,183 1138,1801 14,585 296,820 -27-
MANCHESTER YOUNG LIVES LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 22 Statement of funds Transfers to General funds Movements in designated funds, as reported in the Trustees, Report. have resulted in transfers to and from general reserves. Designated funds The designated funds are set aside to meet future obligations of the charity in relation to.. Redundancy- to reflect potential liabilities. Strategic development to support the transition of the whole organisation to new ways of working embedding project development. Playground investment- to refurbish existing playgrounds. Education - to support the changing framework of education and support transition arrangements pre and post 16. Not restricted to the independent school or statutory delivery models. Restrlrted funds; The restricted fund for play schemes is for the Easter 2024 programme. Play and Youth for projects in 2023124. Other grants - towards future cost5 of playground equipment and future play sessions. The balance of capital grants expended represents amounts received and Spent on fixed assets where they are continuing restrictions. Depreciation on the related assets will be charged in future periods to this fund. 23 Analysls of net assets between funds Unrestricted funds general 2024 Unre5trirted funds Designated 2024 Re5trirted funds Total 2024 2024 At 31 March 2024: Tan8ible assets Current assetsllliabilitiesl Provisions 70,020 263,888 130,000} 20,060 72,083 90,080 709,082 130,0001 373,111 303.908 373,111 92,143 769,162 -28-
MANCHESTER YOUNG LIVES LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 23 Analysis of net assets between funds (Continued) Unrestricted funds general 2023 Unrestrirted funds Deslgnated 2023 Restricted fund5 Total 2023 2023 At 31 March 2023: Tangible assets Current assets/lliabilitiesl Provisions 76,490 250,330 {30,000} 23,408 74,852 99,898 600,182 130,0001 275,000 296,820 275,000 98,260 670,080 Free Reserves: 2024 233,888 24 Operating lease commitments Lessee At the reporting end date the charity had outStandin8 commitments for future minimum lease payments under non- cancellable operating leases, which fall due as follows: 2024 2023 Within one year Between two and five years 10,758 11,736 10,758 10,758 22,494 -29-
MANCHESTER YOUNG LIVES LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 25 Cash generated from operations 2024 2023 Surplus for the year 99,082 74,683 Adjustments for.. Investment income recognised in statement of financial activities Depreciation and impairment of tangible fixed assets 110,6001 9,818 14,1821 14,251 Movements in working capital: Ilncreasel/decrease in debtors IDecreasel/increase in creditors 1114,4101 136,7371 43,098 31,288 Cash (absorbed byllgenerated from operations 152,8471 159,138 26 Analysls of changes In net funds The charity had no material debt during the year. 27 Constitution The company is limited by guarantee and does not have a share capital. 28 Taxation The company is a re8lStered charity and is entitled to claim annual exemption from UK corporation tax under sections 466 to 477 ofthe Corporation Tax Act 2010. 29 Capltsl Commltments There were no capital commitments at the end of the year12023- None). 30 Related party transactions and ultlmate controlllng party There were no disclosable related party transactions during the year12023- none). The ultimate controlling party is the board of directors. -30-