Charity registration number 1070668 (England and Wales) Company registration nurnber 03450197 MANCHESTER YOUNG LIVES LTD ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
MANCHESTER YOUNG LIVES LTD LEGAL AND ADMINISTRATIVE INFORMATION Trustees G Holme5 H Uddin D Atkinson R Miemczyk Qshahraz K Bell F Elliot M Harte Key staff E Young Chief Executive Charity number 1070668 Company number 03450197 Reg15tered offlce The Addy Young Peoples Centre Woodhouse Lane Manchester M22 9TF Audltor Mitchell Charlesworth {Auditl Limited 3rd Floor 44 Peter Street Manchester M2 SGP Bankers CAF Bank Limited 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ Royal Bank of Scotland 467 Wilmslow Road Withington Manchester M209AP Shawbrook Bank One New Bailey 4 Stanley Street Salford M3 SJL
MANCHESTER YOUNG LIVES LTD CONTENTS Page Trustees, report Independent auditor's report 9-12 Statement of financial activities 13-14 Balance sheet 15 Statement of cash flows 16 Notes to the financial statements 17-32
MANCHESTER YOUNG LIVES LTD TRUSTEES. REPORT (INCLUDING DIREcfoRS' REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their annual report together with the financial stataments of Manchester Young Lives Ltd for the year ended 31 March 2025, which are also prepared to meet the requirements for a directors, report and accounts for Companies Act purposes. Reporting Framework The financial statements have been prepared in accordance with the accounting policie5 set out in note I to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "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. Chairs Statement It has been a privilege to serve as Chair of Manchester Young Lives during a year of real achievement, continued resilience, and purposeful growth. We have remained unwavering in our commitment to creating safe, inclusive, and aspirational spaces for children and young people across Manchester. This year, we supported over 3,250 young people through our adventure playgrounds. Post 16 learning hubs, and targeted outreach. These numbers reflect the strength of our delivery. but more importantly, they show the continued demand for services that place trust, understanding. and opportunity at the centre of young people's experiences. I want to thank our staff team, whose dedication and professionalism have been outstanding. and our senior leadership who continue to guide the organisation with energy and integrity. I'd also like to acknowledge the retirement of long-serving trustee Rosemary, whose wisdom and commitment have shaped our work for many years. One of the most significant milestones this year was securing a 25-year extension to the lease of The Addy, providing much- needed stability and opening the door for capital improvements. This, alongside our ambition to redevelop the playground through the newly launched Stepping Stones Appeol, shows our determination to invest in the long-term future of the communities we serve. We are also proud to have strengthened our Post 16 provision, piloted new ways of working, and commissioned independent evaluation5 to help us understand what works. Our external partnerships are growing too, especially with employers and funders who share our belief that every young person deserves the chance to thrive. Looking ahead, we remain focused on expanding our reach, improving our infrastructure. and building sustainable, high- quality services. l am confident that, with the continued support of our funders, trustees, staff and local communities, Manchester Young Lives will keep doin8 what it does best: helpin8 youn8 people learn, grow and find their place in the world. Objertlves and actlvltles Charltable oblects: The objects of the charity are.. "The provision of focAlities for the recreotion ond of other leisure time occupotion fvr children ond young people, being focilities.. of which such children ond young people hove need by reoson of their youth or socio-economic circumstonces, ond which will improve the condition of life for such children and young people by promoting their physic¢71, ment¢TI, ond spiritu(Jl well-being. The odvoncement of education for the public benefit by the provision of sUPPOrt and advice to children, young people, and t7dults in such ways Q5 the trustees 5hollfrom 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.
MANCHESTER YOUNG LIVES LTD TRUSTEES. REPORT (INCLUDING DIREcfoRS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Our purpose and activitie5 MYL believes passionately that 'all children and young people can learn. make progre55 and can achieve, no matter what their starting point,. The charity works to a first principal of non-selection. 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 8uidance on public benefit and believe all MYL work in the year has been consistent with this guidance. Manchester Young Lives Centres The Addy Young People's Centre- Wythenshawe Moss Side Adventure Playground- Moss Side A6 Young People's Centre- Ardwick MYL also deliver play activities via hired spaces such as church halls and deliver community outreach for post 16 young people on the 'Make a Start, IMAS) employability programme. Contracts. grants and donations Our largest contracts came from our Post 16 work. Manchester Adult Education Service IMAESI fund our Personal Employability Programme IPEPI and also commission MYL to deliver the employability element of their Post 16 STEPS programme. Additional places on our 'Enhanced Employability Programme IEESI and 'Make a Start, IMAS) were funded through Manchester City Council EHCP Team. All young people require a EHCP to access MYL employability programmes. The largest grant funding came via Manchester City Council for delivery of play and youth provision and school holiday playschemes. MYL secured a 3-year grant from Lottery ITNLCFI for Early Intervention Work which launched in January 2023, we are now in our 3rd 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 2025-26, in addition we have received donations towards playground redevelopment, training and Ilfesaving equipment from our corporate sponsors. Strategles the charity has used to a¢hieve its aims and objectives". 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 youn8 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.
MANCHESTER YOUNG LIVES LTD TRUSTEES. REPORT (INCLUDING DIREcfoRS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Achievements and performance Beneficiaries The overall number of children and young people who have engaged in MYL activities in the period 1st April 2024 _ 315t March 2025 is recorded at 3.297. The largest volume of service users is from our after-school play and youth provision and holiday playschemes with 2,536 children registered with the 111 young people engaging in our Post 16 programmes and 650 via community events and open days. The gender distribution among young people wa5 relatively balanced. with a slight majority of male5 at $8% and 41% female with the other 1% not disclosed. A total of 9% engaged during the period had a disability, 34% chose not to disclose or were in the process of assessment. The overarching ethnicity profile for beneficiaries during this period is 46% White British and 54% BAME. The ethnicity profile for participants has remained consistent with the ward demographics where delivery takes place. Post 16 Programmes Manchester Young Lives Learning Hubs provide personalised learning programmes for young people aged 16-24 with Special Educational Needs and Disabilities ISENDI, and who have an Education Health Care Plan IEHCPI, supporting them to develop academlcally and wlth a view to gaining employment. MYL provided 25 places on our Personal Employability Programme IPEPI funded though MAES and 35 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 has 25 learners on roll, divided into 3 cohorts, with various needs. From April 25 MYL intends to expand our post 16 offer at Moss Side learnin8 hub, to provide an additional 10 places for post 16 learners who would like to work towards a vocational qualification such as health and social care. Working towards employment remains the focus of MYL Learning Hubs. To date this academic year students have undertaken 43 work placements and a further SS learners have participated in group volunteering to support charities and tommunitv projerts. MYL have a dedicated bank of work placement providers and some of our top supporters Over the last 12 months include.. HOME Community Cafe, The Vella Group. The Bread and Butter Thing. Better Gym, Withington Bath House Cafe and The Apple Store for group volunteering. Gaining functional skills qualifications in Maths and English is important for many students to move onto more career specific courses, gain apprenticeships or employment. This year 14 students have sat and passed English exams, and 12 will be taking Maths in June 2025. MYL is confident in the quality of our post 16 programmes and took the decision in 2024 to commission an independent evaluation of the work. "The evoluotion demonstrated the effectiveness of on opprooch which combines youth work with teuching. This combinotion ollows for o more holistic packoge of support to be built oround each student which, in turn. enobles personul und sociol chollenges to be addressed alongside progre55ion in training and towurds employment.. "The experience of students is overwhelmingly p051tive. In particular, this is expressed as different and better thon their previous experiences in educotion and troining becouse there is on understanding of their personol needs. The progromme environment, relutionships with staff and poce of let7rning are common succe55factors quoted by student5." Thanks to 'We love Manchester,, learners continued to benefit from the Post 16 crisis support fund, officially launched April 2023 for a 2-year period. The fund enables the team to act early when a learner is experiencing financial hardship, reducing the risk of them withdrawing from the programme due to finance difficulties.
MANCHESTER YOUNG LIVES LTD TRUSTEES. REPORT (INCLUDING DIREcfoRS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Play and Youth MYL delivers all year round play and junior youth sessions to children and young people aged 6-16 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 adventure playgrounds are a fantastic space for children to play, socialise. make lasting memories with their peers. They are a valuable community asset, a safe space and a hub of support for the 2,536 children and young people who have attend in the last 12 months. AII MYL sessions are open access, so children and young people don't have to book in advance and can just come when it works for them or when they need us. Activities are designed to be both fun and provide informal learning, promoting health and well-being, building confidence, enhanting social skills, and providing opportunities with long lasting benefits. The play is very popular with an average attendance of 40 to 60 children per session and between 25 and 40 young people on our youth sessions. The weather can impact attendance, especially in winter months. Many children attending play and youth sessions have limited opportunities in their lives for wider activities due to low income. Therefore, MYL work with Wood Street Mission, GMYF and other Partners to enhance our offer and provide off site trips to Bewilderwood, a pop-up Cinema, rock climbing, Simply Cycling, RHS, Pantomimes and residentials at Ormside Mill in the Lake District. These trips enable children to see more of the wider world and inspire new interests, buildin8 their confidence in varied social situations. 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 120 families who were the most in need. Recognition of achievement is an important aspect of our work. A further 2SS children and young people were given a recognition award over the last 12 months to recognise showing kindne55 and respect to others and overcoming personal challenges. Holiday Playschemes IHAFI Playschemes were delivered durin8 the Easter, summer. and Christmas holiday5, offering children free daily 4.hour play sessions. These sessions featured a variety of engaging activities, including adventure play, arts and craft5, cooking and baking, team games, and a wide range of physical activities designed to promote health and fitness. Children actively participated in planning the sessions, ensuring the games were fun, inclusive, and accessible for everyone. Additionally, we provided a diverse selection of meals throughout the holiday playschemes to help address holiday hunger. Early Interventlon - Play for All Programme- Well-beSnE Champlons We are now in our final year13'1 of our Early Intervention project. At the end of year 2, we surpassed our targets and demonstrated the significant impact of our work. The team provided intensive support to 1,140 children on a one-to-one or group basis and offered lighter interventions to an additional 1,986 children across Wythenshawe, Moss Side, and Ardwick. Our work ha5 not only positively affected children but has also empowered 66 young volunteers, who a5515t in planning and delivering se55ions and Serve as peer mentors, helping new participant5 engage with the program. The team have developed strong. trusting relationships with children and families. allowing them to identify children who need additional support and understand the challenges they face. MYL commissioned an independent evaluation of the project in early 2025, which highlighted the extra value the integrated programme brings to ploy delivery, which has been submitted to the funder with a continuation of funding application beyond Oec 2025. "The duta demonstrates that the Play for All Early Intervention Progromme is reaching its target audience both in terms of demographics ond need. The children occessing the progromme ore representotive of their local communities and o wide range of social, emotional, mental health ond educationol needs.- "There is strong evidence thot the progromme is successful in delivering more intensive preventotive support without this beNng prominent or overtly targeted. Feedback from porents. volunteers ond externol 5tukeholders all confirmed the importance of 5UPPOrt being integrated into open pl(Jy se55ions."
MANCHESTER YOUNG LIVES LTD TRUSTEES. REPORT (INCLUDING DIREcfoRS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Few Other Key Highlights: Community Events MYL held a number of community events throughout the year including National Playdays, winter festivals, sports days and employability open days which seen over 650 young people attend. Open community events are great for promoting our work in the local community and a great tool for engagement. Real Living Wage Employer In April 2024 MYL became an accredited real living wage employer, we also reviewed our salary scales for front line workers to ensure they remain competitive with similar organisations. NCFE AMR MYL had our NCFE annual monitoring review 4th February 2025. After 3 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 learner5 functional ski115 qualifications. Matrix MYL had our 2nd-year review in December 2024 for our information, advice and guidance seNices Matrix quality standard. We received 8reat feedback from the assessor. all Matrix standards continue to be met. Ofsted Our centre in Wythenshawe, the Addy had an Ofsted inspection April 2024 for our afterschool play provision, the inspection went well and MYL is compliant with all requirements for out of school provision. Lease Renewal In August 2024 we secured an extension on our lease agreement with MCC for The Addy Young People's Centre for a further 25 years. This gives us stability in terms of our delivery but will also enable us to seek capital funding for much needed repairs and maintenance. MYL are currently in the process of renewing the lease5 at our other 2 centre5 in Moss Side and Ardwick. Corporate Sponsorship MYL has been building stronger partnerships with the commercial sector who are interested in supporting charities through their Corporate Social Responsibility ICSRI. The aim to raise our profile, build income & specialised pro-bono services, and create a bank of a work placement providers. Corporate partners who have provided substantial support to our charity over the last 12 months include Palatine Private Equity, JMW solicitors, Mason Advisory, S4B, and This is Influential. stsfflng MYL headcount March 2025 was approximately 38 staff with 42% of these being part-time. During the reporting period 67% of staff were female, 31% were male and 2% were non-binary. Ethnic profile of staff was 56% whitelBritish and 44% BAME backgrounds. We had a couple of part-time vacant Posts towards the year end in March due to staff leaving for pastures new. In addition, the expansion of Moss Side learning hub from April 2025 and a new deputy CEO post due to the growth of the organi5ation will see a further increase in the 5tatting structure in 2025126. MYL have highly skilled and professional staff across the organisation, who share their knowledge, expertise and good practice with colleagues across the divisions to ensure MYL provide quality services to children and young people. Continuous professional development of staff is very important to MYL. Therefore, we regularly review training records to ensure staff are up to date with all mandatory training, additionally we offer training and qualifications relevant to staff roles for CPD such as Leadership and Management courses, youth and play work and IAG qualifications.
MANCHESTER YOUNG LIVES LTD TRUSTEES. REPORT (INCLUDING DIREcfoRS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Future Planning Prioritie5: The charity will focus on 6 Key Strategic Aims: To increase the Play and Youth Offer across MYL 3 centres Enhance and Strengthen our Post 16 SEND Offer Increase our portfolio of partnerships with corporates and develop key partners across the sector, alongside raising our profile. To seek capital funding opportunities for investment into our 3 adventure playgrounds, centre refurbishments and energy efficiency upgrade5. Maintain a commitment to high quality standard5 Wlthin our work Build Financial Strength. Secure Sustainability. and Independence Capltal upgrades planned for 2025126 The Addy Young People's Centre is our largest and busiest adventure playground. At 22 years old it Is now reaching the end of its useful lifespan. Therefore, in June 2025 we will be lèunching a fund-raising campaign Istepping Stones Appeal) to help raise funds for a new adventure playground. We are hoping to raise £650K through a variety of funding opportunities, corporate sponsorship, and donations. The Addy Young People's Centre will see a full kitchen refurbishment with funding already obtained via 2 grants from WCHG and MCC. The Trustees are ¢ommitted to using some reserves for the resurfacing of the MUGAS at Wythenshawe, after 20 years they are showing some significant wear and tear. The resurfacing will ensure the sports area is fit for purpose for future generations. Flnancial review Overview During the year, incoming resources amounted to £1.258,715 12024.. £997,323) and resources expended amounted to £1,089,81112024: £898,241). The closing fund balance at 31 March 2025 wa5 £938,06612024'. £769,1621, of which £353,956 12024.. £92,143) is restricted. Going 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 liabilities as they fall due. Accordingly, they believe that there is no significant going concern risk. Reserves policy The directors have considered the level of free reserves li.e. unrestricted reserves not invested in fixed assets or designated by the Board) that is is appropriate for the company to hold. They have concluded that a target level of free 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 £232k. which is within the desired range.
MANCHESTER YOUNG LIVES LTD TRUSTEES. REPORT (INCLUDING DIREcfoRS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Structure, governance and management Governing document The charitv Is a company limited by guarantee and is governed by its Memorandum and Articles of Association dated October 15, 1997, and amended September 28,2004, and July 27. 2017. It is reEistered as a charity with the Charity Commission. The trustees, who are also the directors for the purpose of company law. and who served during the year and up to the date of signature of the financial statements were: R Knox (Resigned 3 December 20241 G Holmes H Uddin D Atkinson R Miemczyk Qshahraz K Bell M Harte Members of the companv The directors have the power to admit any person or organi5ation to membership and also have the power to permit members to retire, providing there are never less than two member5. There are currently ten member5 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 lon8est in office and are eligible for re-election. Other than a retirin8 trustee, the only people eligible for election as trustees 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 Inductlon and tralnlng New trustees have extensive induction 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 induction pack including copies of the governing document, financial accounts & annual report, business plans, copies of all MYL policies & procedures, trustees job description and code of practice and Charity Commission leaflet CC3.
MANCHESTER YOUNG LIVES LTD TRUSTEES. REPORT (INCLUDING DIREcfoRS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 ststement of trustees. responsibilities The trustees, who are also the directors of Manchester Young Lives Ltd for the purpose of company law, are responsible for preparing the Trustees, 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 trustees 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 trustees are required to.. select suitable accounting policies and then apply them consistently: observe the methods and principles in the Charities SORP.. make judgements and estimates that are reasonable and prudent,. state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed 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 operation. The trustees are responsible for keepin8 adequate accounting records that disclose with reasonable a¢cura¢y at any time 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. Auditor In accordance with the company's articles, a resolution proposing that Mitchell Charlesworth (Auditl Limited be reappointed as auditor of the company will be put at a General Meeting. Disclosure of information to auditor Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information. The trustees, report was approved by the Board of Trustees. G Holmes Trustee Date.. 0611112025
MANCHESTER YOUNG LIVES LTD INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF MANCHESTER YOUNG LIVES LTD Opinion We have audited the financial statements of Manchester Young Lives Ltd (the 'charity'l for the year ended 31 March 2025 which comprise the statement of financial activities, the balance sheet. the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Finonciol Reporting Stondord applicoble in the UK ond Republic of Irelond (United Kingdom Generally Accepted Accounting Practicel. In our opinion, the financial statements: Eive a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of its incoming resources and application of resources. including its income and expenditure, for the year then ended. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditin8 IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditor s responsibilities for the oudit of the finonciol stotements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK. including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a bosis for our opinion. Concluslons relating to golng concern In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, Individually or collectively. may cast significant doubt on the charity's ability to continue as a going concern for a perlod of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustee5 Wlth respect to going concern are described in the relevant sections of this report. Other Information The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility IS to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statement5 or our knowledge obtained in the course of the audit. or otherwise appears to be materially misstated. If we identify Such material inconsistencies or apparent material misstatements. we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companie5 Art 2(X)6 In our opinion, based on the work undertaken in the course of our audit.. the information given in the trustees, report for the financial year for which the financial statements are prepared, which includes the directors, report prepared for the purposes of company law, is consistent with the financial statements,. and the directors, report included within the trustees, report has been prepared in actordance with applicable legal requirements.
MANCHESTER YOUNG LIVES LTD INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF MANCHESTER YOUNG LIVES LTD Matters on which we are required to report by exception In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the dirertors, report included within the trustees, report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion.. adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us,. or the financial statements are not in agreement with the accounting records and returns: or certain disclosures of trustee5' remuneration specified by law are not made: or we have not received all the information and explanations we require for our audit,. or the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies, exemptions in preparing the trustees, report and from the requirement to prepare a strategic report. Re5ponslbilltle5 of trustees As explained more fully in the statement of trustees, responsibilities, the trustee5, who are also the director5 of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for bein8 satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to Cease operations, or have no realistic alternative but to do so. Auditor'5 responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise from 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 financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities. including fraud. is detailed below. 10-
MANCHESTER YOUNG LIVES LTD INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF MANCHESTER YOUNG LIVES LTD Extent to which the audit was considered capable of detecting irregularities. including fraud We identify and assess the risks of material misstatement of the financial statements. whether due to fraud or error, and then design and perform audit procedures responsive to those risks, includin8 obtainin8 audit evidence that is sufficient and appropriate to provide a basis for our opinion. Identlfylng and assesslng potentlal rlsks related to Irregularltles In identifying and assessing risks of material misstatement in respect of irregularities, intluding fraud and non-tompliance with law5 and regulations. we considered the following: the nature of the industry and sector. control environment and busine55 performance: the company's own assessment of the risk5 that irregularities may occur either as a result of fraud or error,. the results of our enquiries of management and members of the Board of Directors of their own identification and assessment of the risks of irregularities,. any matters we identified having obtained and reviewed the company's documentation of their policies and procedures relating to- identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance,. detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud,. the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations,. and the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud. As a result of these procedures, we considered the opportunities and incentives that may exist within the company for fraud and identified the greatest potential for fraud in the following area- the timing of the recognition of revenue. In common with all audits under ISAS {UKI, we are also required to perform specific procedures to respond to the risk of management override. We also obtained an understanding of the legal and regulatory framework that the company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosure5 in the financial statements. The key laws and regulation5 we considered in this context included the UK Companies Act and local taxation legislation. In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the company's ability to operate or to avoid a material penalty. These included Ofsted inspection regulations, food hygiene regulations, and data protection pegulations. 11
MANCHESTER YOUNG LIVES LTD INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF MANCHESTER YOUNG LIVES LTD Audit response to risks identified As a result of performing the above, we identified the timing of the recognition of revenue as the key audit matter related to the potential risk of fraud. In addition to the above, our procedures to respond to risks identified included the following.. reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with relevant laws and regulation5 described above as having a direct effert on the financial 5tatements,' enquiring of management and members of the 8oard of Directors concerning actual and potential litigation and claims,. performing analytical procedure5 to identify any unusual or unexpected relation5hip5 that may indicate risks of material misstatement due to fraud; reading minutes of meetings of those charged with governance and reviewing correspondence with relevant authorities where matters identified were significant,. and in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments. assessing whether the judgements made in making accounting estimates are indicative of a potential bias,. and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business. We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit. A further description of our responsibilities is available on the Financial Reporting Council's webslte at: https'.// www.frc.or8.uk/auditorsresponsibilities. This description forms part of our auditor's report. Use of our report This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might State to the charitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. Jamlelee Johnston (Senior Statutory Auditor) For and on behalf of Mitchell Charlesworth (Audit) Limited, Statutory Auditor Accountants 3rd Floor 44 Peter Street Manchester M2 5GP Date. ..111111.2Ql5.. 12-
MANCHESTER YOUNG LIVES LTD STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted Unrestrirted funds funds general Oeslgnated 2025 2025 Restrirted funds Totsl Unrestricted Unrestricted funds funds general Deslgnated 2024 2024 Restrirted funds Total 2025 2025 2024 2024 Notes Income from: Donations and legacies Charitable activities Other trading activities Investments 5.579 68,723 1,156,923 74,302 1,156,923 4,288 23,202 1.622 48,878 325,851 9,748 50,500 921,322 14,901 10,600 595,471 4,288 23.202 5,153 10,600 Total Income 33,069 1.225,646 1,258,715 17.375 595,471 384,477 997,323 Expendlture on: Fundrasing costs Charitable activities 10,129 10,129 888,112 34.876 1.054.935 1,089,811 497,360 390,752 Total expenditure 34,876 1.054,935 1,089,811 10,129 497,360 390,752 898,241 Net incomellexpenditure) 11.8071 170.711 168,904 7,246 98,111 16,2751 99.082 Transfers between funds 15,470 198,1111 82.641 1158} 158 Net movement in fvnds 13 13,663 198,1111 253,352 168,904 7,088 98,111 16,1171 99,082 13-
MANCHESTER YOUNG LIVES LTD STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestrirted Unrestrirted funds fvnds general Designated 2025 2025 Restrirted funds Totsl Unrestrirted Unrestricted fund5 funds general Designated 2024 2024 Restrirted funds Total 2025 2025 2024 2024 Note5 Reconclllatlon of funds: Fund balances at l April 2024 303,908 373,111 92.143 769,162 296,820 275,OC 98,260 670,080 Fund balances at 31 March 2025 317,571 275,000 345,495 938,066 303,908 373,111 92,143 769,162 14-
MANCHESTER YOUNG LIVES LTD BALANCE SHEEr ASAT31 MARCH 2025 2025 2024 Notes Flxed assets Tangible assets 15 93.377 90.080 Current a55ets Debtors Cash at bank and in hand 16 176,563 788.634 159,407 615,159 965.197 190,5081 774,566 165,4841 Creditors: amounts falling due within one year 17 Net current assets 874,689 709.082 Total assets less current liabilities 968.066 799,162 Provlslons for Ilablllties 130,0001 130,0001 Net assets 938.066 769,162 The funds of the charSty Restricted income funds UnrestrScted funds- General Unrestricted funds- Designated 19 345,495 317.571 275.000 92,143 303,908 373.111 21 938,066 769,162 The financial statements were approved by the trustees on 0611112025 G Holmes Trustee Company re8lStration number 03450197 IEn8land and Wales) 15-
MANCHESTER YOUNG LIVES LTD STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notes Cash flows from operatin8 activities Cash generated from/labsorbed byl operations 27 162,824 152,8471 Investlng actlvltles Purchase of tangible fixed assets Investment income received 112,5511 23,202 10,600 Net cash generated from investin8 activitles 10,651 10,600 Net cash used in finantin8 artivities Net Increase/{decrease) in cash and cash equivalents 173,475 142,2471 Cash and cash equivalents at beginning of year 615.159 657,406 Cash and cash equlvalents at end of year 788,634 615,159 16-
MANCHESTER YOUNG LIVES LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Charlty Informatlon Manchester Young Lives Ltd is a private company limited by guarantee incorporated in England and Wales. The registered office 15 The Addy Young Peoples Centre, Woodhouse Lane, Manchester. M22 9TF. 1.1 Accounting convention 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 preparin8 their accounts in accordance with the Financial Reportin8 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 sterlin& 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 trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Income 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: Donatlons from individuals and other bodies (not being of the nature of a grant) are recognised when receivable. Gifts In klnd are recognised in the accounts at market value when measurable. Grants, whether of a capital or a revenue nature, are recognised when the charity has entitlement 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 condition5 are such that the unspent grant must be refunded Earned Income is measured at the fair value of the consideration received or receivable for services and goods supplied, net of discounts. 17-
MANCHESTER YOUNG LIVES LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting pollcles {Contlnued) 1.4 Expenditure Expenditure is recognised when there is a legal or construttive 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 costs of undertaking the work of the charity- Allocation of sUPPOrt cost5 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 10. 1.5 Tanglble fixed assets Individual fixed assets costin8 more than £500 are capitalised at cost and are depreciated over their estimated useful lives on a straight line basis set out below. Depreciation rates are as follows: Short Leasehold Property Fixtures & Equipment Motor vehicles Playground Construction 5.2% straight line from 01/06106 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 includes 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 instruments The charity only has basic financial instruments which are initially recorded at cost. and subsequently measured at their settlement value. 1.8 Operating lease agreements Payments under operating leases are charged to the statement of financial activities in the period to which they relate. 1.9 Debtors Trade and other debtors are recognised at the settlement amount due, and prepayments are valued at the amount prepaid. 1.10 Creditors and provisions 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 funds 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. 18-
MANCHESTER YOUNG LIVES LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Critical accounting estimates and judgements In the application of the charity's accounting policies, the trustees are required to make judgements, 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 basi5. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision afferts only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Income from donations and legacies Uniestrirted funds 2025 Restrirted fund5 2025 Totsl Unre5trirted funds 2024 Restrirted funds 2024 Total 2025 2024 Donations- General Donations- Education Donations- Playgrounds 5,079 5(K) 20,297 25,376 500 1,622 2,028 3,650 48,426 48,426 46,850 46,850 5.579 68.723 74.302 1,622 48,878 50,500 19-
MANCHESTER YOUNG LIVES LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from charitable activities Designated funds Re5trirted funds Totsl Designated fund5 Restrirted funds Total 2025 2025 2025 2024 2024 2024 Playgrounds and related work Playschemes MCC 69,831 127,800 68.608 69,831 127,800 68,608 79,703 115,000 67,139 10,500 6,750 23,100 79,703 115,000 67,139 10,500 6,750 23,100 Lottery Early Intervention MYZ Partnership Moss Side Play IM5MPHI Other grants 31.843 31.843 Education Post 16 Education Other 834.141 11.700 834,141 11,700 595.471 23,659 619,130 General Kitchen Refurbishment 13.000 13.0 1,156,923 1,156,923 595,471 325,851 921,322 Income from other tradln8 actlvltles Unrestrirted funds 2025 Restrirted fund5 2025 Totsl Unrestrirted fund5 2024 Restrirted funds 2024 Total 2025 2024 Other youth work 4.288 4,288 5,153 9,748 14,901 Incorne from inve5trnents Unrestritted funds Unrestricted funds 2025 2024 Investment income - bank interest 23,202 10,600 -20-
MANCHESTER YOUNG LIVES LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expenditure on raising funds Unrestrlcted funds 2025 Unrestrlcted funds 2024 Fundraising and publicity Other fundraising costs 10,129 Expenditure on charitsble artivities Playgrounds and related work 2025 Playgrounds and related work 2024 Playschemes and related work Post 16 Education General 357,067 722,131 10,613 354,779 513,713 19,620 1,089,811 888,112 Analysls by fund Unrestricted funds - general Unrestricted fund5 - Designated Restricted funds 34,876 497.360 390,752 1,054,935 1,089,811 888,112 21
MANCHESTER YOUNG LIVES LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Charitsble Expenditure Analysis Dlrect Staff Costs Dlrect Support Costs Costs Total 2024125 Play schemes & artivities Post 16 Education General 190,407 438.619 39,526 68,202 127,134 215,310 10,613 357,067 722,131 10,613 629.026 107,728 353,057 1,089,811 DIrt Staff Costs Dlrert Support Costs Costs Total 2023124 Play schemes & activities Post 16 Education General 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 10 Support costs allocated to artlvlties Playgrounds and related work 2025 Education General Total Total 2025 2025 2025 2024 Staff costs 68,297 2,776 397 130,977 5,553 742 3.288 925 202,562 9,254 1,183 132,940 98 7,020 101,288 9,818 865 Depreciation Staff travel and training Office costs Bank charges Governance 53.664 27 1,973 73.137 68 4.833 6,139 30,500 124 4,340 214 127,134 215,310 10,613 353,057 146,935 2025 2024 Governance costs comprlse: Auditlindependent examiner fees Accountancy fees 5,520 1,500 3,340 1,000 7.020 4,340 -22-
MANCHESTER YOUNG LIVES LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 li Trustees None of the trustees lor any persons connected with them) received any remuneration or benefits from the charity during the year. 12 Employees 2025 2024 The payroll costs of the group were a5 follows.. Wages and salaries Social security costs Pension costs 754,321 62,363 14,904 602,744 48,332 10,795 831,588 661,871 The average monthly number of employees during the year was: 2025 Number 2024 Number Charitable activities Support Staff 37 32 Total 39 34 The number of employees whose annual remuneration was more than £60.1)Xl is as follows: 2025 Number 2024 Nurnber Under £60,000 £60,000- £70,000 38 34 -23-
MANCHESTER YOUNG LIVES LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 12 Employees {Contlnued) The key management personnel of the charity comprise the trustees and senior staff 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.. 2025 2024 Key management personnel employee benefits 116,630 106,934 13 Net movement In funds 2025 2024 The net movement in funds is stated after chargingllcreditingl: Fees payable to the charity's auditor: for the audit of the charity's financial statements for other assurance services for other financial services Depreciation of owned tangible fixed as5et5 5,520 3,340 1,000 9,818 1,500 9,254 14 Taxatlon The company is a registered Charity and is entitled to claim annual exemption from UK corporation tax under sedions 466 to 477 of the Corporation Tax Act 2010. 15 Tangible fixed assets Short Ltasehold Property Fixtures & Motor vehltles Equlpment Playground Construct5on Total Cost At l April 2024 Addition5 307.559 220,584 5,363 3,685 466,581 7,188 998,409 12,551 At 31 March 2025 307.559 225,947 3,685 473,769 1,010,960 Depreciation and impairment At l April 2024 Depreciation charged in the year 305.338 1.119 217,724 3,838 3.685 381,582 4,297 908,329 9,254 At 31 March 2025 306.457 221,562 3,685 385,879 917,583 Carrying amount At 31 March 2025 1.102 4,385 87,890 93,377 At 31 March 2024 2.221 2.860 84,999 90,080 -24-
MANCHESTER YOUNG LIVES LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 16 Debtors 2025 2024 Amounts falllng due wlthin one year: Trade debtors Prepayments and accrued income 155,395 21,168 13,620 145,787 176,563 159,407 17 Creditors: amounts falling due within one year 2025 2024 Other taxation and social security Trade creditors Accruals and deferred income 18,710 10,190 61,608 13,699 7,450 44,335 90,508 65,484 18 Provlslons for Ilabllltles 2025 2024 30,000 30,000 Movements on provlslons: At l April 2024 and 31 March 2025 30,000 The provision relates to six years gas supply at The Addy Centre, the company has been unable to identify the supplier despite extensive investigation. The liability 15 not expected to Cry5tallise before 31st March 2026. -25-
MANCHESTER YOUNG LIVES LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 19 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 April 2024 Incoming resources Re50urce5 expended TnSfer5 At 31 March 2025 Playgrounds and related work Education Capital grant5 General 54.343 15.712 20,060 2.028 346.508 845.841 1339,0211 1715.9141 14691 88,486 13,3481 12,0281 61,361 234,125 16,712 33,297 33,297 92,143 1,225,646 11,054,935) 82,641 345,495 Prevlou5 year: At l April 2023 Incoming resources Re50urce5 expended Transfer5 At 31 March 2024 Playgrounds and related work Education Youth Engagement Capital 8rants 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 20 Analysls of restrlcted funds At l April 2024 Incomlng resources Resources Transfers At 31 March 2025 expended Playgrounds and lated work Playschemes MCC Play and Youth TNLCF - Play For All The ALA Green Charitable Trust Other Grants & Donations 11.366 70,081 127,800 68,608 45.000 35.019 166,4261 1127,2921 180,1041 145.0001 120.1991 15,021 508 32,889 21,393 10.088 14691 24,439 54,343 346,508 1339,0211 14691 61,361 -26-
MANCHESTER YOUNG LIVES LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 20 Analysls of restrlcted funds {Contlnued) At l April 2024 Incoming resources Resources Trdnsfers At 31 March 2025 expended Educatlon MY2- MYL Detached MYZ- KCYPS We Love Manchester- Crisis Fund Young Manchester Other grants Fees MAES PEP MAES Step 1.421 5,283 6,595 1,421 5,283 8,893 10,000 1,700 17,7021 11,6811 1191 12.1411 12721 1261.9001 86,019 1329,9901 2,758 1112,5001 2.413 382,421 339,220 112,500 206,540 11,988 15.712 845.841 1715.9141 88,486 234,125 Capltal Grants Capital grants expended 20,060 13,3481 16,712 20.060 13,3481 16,712 General Kitchen Refurbishment Playground Refurbishment Other grants 13,000 20.297 13,000 20.297 2,028 12,0281 2,028 33,297 12,0281 33,297 92.143 1.225.646 11.054.935) 82,641 345,495 -27-
MANCHESTER YOUNG LIVES LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 20 Analysls of restrlcted funds {Contlnued) Previou5 year: At l April 2023 Incoming re50urce5 Re50ur¢es Transfer5 At 31 March 2024 e¥pended Playgrounds and related work Playschemes MCC Play and Youth TNLCF - Play For All The ALA Green Charitable Trust Moss Side Play IMSMSPHI MYZ Partnership Other Grants & Donations 10.635 7.000 22.852 79.703 115,000 67,139 45,000 6,750 10.500 24.950 178.9721 1114.9971 17.0031 157.1021 145,0001 16,7501 110.5001 141.4581 22,687 11,366 32,889 3.909 10,088 44,396 349,042 1354.7791 15,684 54,343 Educat5on MYZ- MYL Detached MYZ- KCYPS We Love Manchester- Crisis Fund Other grants 1,421 1,421 5,283 6,595 2,413 11,409 11,000 1,250 16,1261 16,3861 13,8411 1,981 5,004 23.659 116.3531 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 Capital Grants Capital grants expended 23,408 13,3481 20,060 23.408 13,3481 20,060 Other Youth Work 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 -28-
MANCHESTER YOUNG LIVES LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 20 Analysls of restrlcted funds {Contlnued) 21 Unrestricted funds- Designated These are unrestrirted funds which are material to the charity's activities. At l April 2024 Incoming resources Resources expended Transfers At 31 March 2025 Redundancv Strategic Development Playground Investment Education 100.000 loo,000 75,000 98,111 loo,000 loo,000 75,000 198,1111 373.111 198.1111 275,000 Previous year: At l April 2023 Incoming resources 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 22 Unrestrlcted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At l Aprll 2024 Incomlng resources Resources expended Transfers At 31 March 2025 General fund5 303.908 33.069 134.8761 15,470 317,571 Prevlous year: At l April 2023 Incomlng resources Resources expended Trdnsfers At 31 March 2024 General Fund 296.820 17.375 110.1291 11581 303,908 -29-
MANCHESTER YOUNG LIVES LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 23 Analysis of net assets between funds Unre5trirted fund5 general 2025 Unrestrirted fund5 Designated 2025 Re5trirted fund5 Total 2025 2025 At 31 March 2025: Tangible assets Current assetsllliabilitiesl Provisions 76,665 270.906 130.CKJOI 16,712 328,783 93,377 874,689 130.0001 275.000 317,571 275,000 345,495 938,066 Unrestrirted funds general 2024 Unrestrirted funds Designated 2024 Restrlrted funds Total 2024 2024 At 31 March 2024: Tangible assets Current assetsllliabilitiesl Provisions 70.020 263.888 130,0001 20,060 72,083 90,080 709,082 130,0001 373.111 303,908 373,111 92,143 769,162 Free Reserves: 2025 2024 Free reserves 240.906 233.888 -30-
MANCHESTER YOUNG LIVES LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 24 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. Deslgnated 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 5UPPOrt the transltion of the whole organisation to new ways of working and embedding project development. Playground investment - to refurbish existing playgrounds. Restricted funds The restricted fund for play schemes is for the Easter 2025 programme. Play and Youth for projerts in 2024125. Other grants - towards future costs 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 a55et5 will be charged in future periods to this fund. 25 Operating lease cornrnitments Lessee At the reporting end date the charity had outstanding commitments for future minimum lease payments under non- cancellable operating leases, which fall due as follows- 2025 2024 Within one year 10,758 26 Constitution The company is limited by guarantee and does not have a share capital. 31
MANCHESTER YOUNG LIVES LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 27 Cash generated from operations 2025 2024 Surplus for the year 168,904 99.082 Adjustments for.. Investment income recognised in statement of financial activities Depreciation and impairment of tangible fixed assets 123,2021 9,254 110,6001 9,818 Movements in working capital: Ilncreasel in debtors Increaselldecreasel in creditors 117,1561 25,024 1114,4101 136,7371 Cash generated fromllabsorbed by) operatlons 162,824 152,8471 28 Capltsl Commltments As at 31 March 2025, the charity had capital commitments of approximately £47,800 12024.. None) in respect of contracted expenditure for which work had not yet commenced. These commitments relate primarily to the planned refurbishment of the kitchen at The Addy Iwythenshawel and resurfacing of the Multi Use Games Area IMUGAI at The Addy Iwythenshawel. The full amount of £47,800 is expected to be settled within the 2025-26 financial year. The charity intend5 to fund these commitments through a combination of exi5tin8 restricted funds and available Surplus funds. No capital commitments have been recognised as liabilitie5 in the balance sheet as at 31 March 2025. 29 Related party transactions and ultimate controlling party There were no disclosable related party transactions durin8 the year12024 - nonel. The ultimate controlling party is the board of directors. 30 Analysls of chanzes In net funds The charity had no material debt during the year. -32-