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2021-03-31-accounts

MOSS SIDE MILLENNIUM POWERHOUSE LIMITED

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR

THE YEAR ENDED MARCH 31 2021

Company number 03802430 Charity number 1077564

MOSS SIDE MILLENNIUM POWERHOUSE LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2021

I NDEX

Administrative information 1
Trustees’ and Directors’ annual report 2 – 5
Independent examiner’s report 6
Statement of financial activities 7
Balance sheet 8
Statement of cash flows 9
Notes to the financial statements 10 – 17

MOSS SIDE MILLENNIUM POWERHOUSE LIMITED ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED MARCH 31 2021

DIRECTORS Richard Higgins Resigned 29/09/21 Carla Henry Appointed 25/11/21 Aziz Ur Rahman Ibrahim Appointed 25/11/21 Anila Khalid Helen Rosemary Knox Resigned 25/11/21 Megan Mayhew Cllr Mahadi S Mohammed Resigned 28/10/21 Lisa Harvey-Nebil (chair from 25/11/21) Appointed 25/11/21 David J Power (chair until 25/11/21) Resigned 25/11/21 Cllr Emily Rowels Appointed 25/11/21 Penelope Shannon Jane Thorpe KEY STAFF Head of Centre - Lisa Davenport Business Support Manager – Nicola Stanley REGISTERED OFFICE & Moss Side Millennium Powerhouse PRINCIPAL PLACE OF BUSINESS 140 Raby Street Manchester M15 4SL INDEPENDENT EXAMINER Peter Smith BA FCA DChA ACCOUNTANTS HGA Accountants & Financial Consultants Ltd t/a Chittenden Horley - Chartered Accountants 456 Chester Road Old Trafford Manchester M16 9HD BANKERS CAF Bank Limited 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ SOLICITORS Eversheds London Scottish House 24 Mount Street Manchester M2 3DB

1

MOSS SIDE MILLENNIUM POWERHOUSE LIMITED TRUSTEES’ AND DIRECTORS’ ANNUAL REPORT FOR THE YEAR ENDED MARCH 31 2021

The trustees present their annual report together with the] financial statements of the charity for the year ended March 31 2021 which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes.

REPORTING FRAMEWORK

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, 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 (FRS102) (effective 1 January 2019), referred to as the Charities SORP (FRS 102) (second edition – October 2019).

OBJECTIVES AND ACTIVITIES

Charitable objects

The vision of the Powerhouse “is to be a place for young people to find pathways to jobs, training and opportunities to create healthy, dynamic and fulfilling lifestyles”.

The charitable objectives for which the Company was established are as follows:

Activities –

In furtherance of its objects, the charity operates the Moss Side Millennium Powerhouse, a centre for young people which provides a base for its own projects and the work of other agencies which support the core objectives of the charity.

Public benefit

Directors’ have completed this report with regard to the Charity Commission’s General Guidance on Charities and Public Benefit document and consider that the Achievements and Performance issues set out below demonstrate that the objectives of the charity have been implemented with regard to the Principles of Public Benefit , as outlined in this guidance.

Contribution of volunteers –

MSMPH does not have any direct volunteers. Youth projects accessing the centre involve their own volunteers under their own organisation policies.

2

MOSS SIDE MILLENNIUM POWERHOUSE LIMITED TRUSTEES’ AND DIRECTORS’ ANNUAL REPORT FOR THE YEAR ENDED MARCH 31 2021

ACHIEVEMENTS AND PERFORMANCE

Moss Side Millennium Powerhouse is a Registered Charity and a Company Limited by Guarantee. It was formed on July 2 1999, registered with the Charity Commission on September 27 1999 and took possession of the newly built Moss Side Millennium Powerhouse in November 2000, under a 125-year peppercorn lease from Manchester City Council (MCC).

The development replaced a site, which was once the Moss Side Youth Club and the funding for the new building included a significant contribution from the Millennium Commission. The capital project was managed and contracted by Manchester City Council as was the 2004/5 extension to the building (known as the West Wing).

The Powerhouse opened in 2000 with a vision to enable young people to have influence on its agenda and which would reflect their own developmental needs.

The Powerhouse benefits from long term partnerships with key agencies:

The Powerhouse has continued to support range of users in 2020-21 including:

The last year has continued to be a challenging operating environment for the Powerhouse as we emerged from Covid restrictions and our partners readjusted their service offers also. However through the leadership of Head of Centre and her team it has been a productive and inspiring year as we have both increased our resources, service offer, partnerships and met our performance targets. Most importantly our financial position is resilient and has improved over the last 12 months. The Trustees have been able to look to the future with optimism as a result and this is not the case for many colleagues in the charity sector in these difficult times.

Funding - Thanks to the continued financial support from Manchester City Council and the diligent work of our Business Support Manager we achieved a healthy surplus, met our income generation targets (exceeding last years) and were able to fund new staff and infrastructure. The Powerhouse is sustainable thanks to MCC support but also on the income generated from our tenants in the building and our own fundraising.

We are pleased to report the building is fully occupied with partners who contribute a wide range of valuable services to young people in our communities. As I know from my 11 years of being a Trustee this resilient financial position was not always evident and this gives us all confidence for the future whilst none of the Team are complacent!

Staff Team - Lisa continues to lead our team with energy and passion and most importantly has increased the range of our partners and the reputation of the Powerhouse as a reliable and connected service deliverer.

For the first time in over a decade we have recruited our own Youth and Community Development Worker and she has been able to add a new range of services and support to our young people and partners.

The building is busy and with a much more diverse and energetic offer than in previous years. The Trustees are grateful to the work of our team of nine staff who have continued to deliver and improve our offer through very difficult times.

Partners - With a full building and new partners we have been conscious that we want to provide a good working environment to our tenants and suppliers. We continue to invest - where we can - in the building services and also to work as well as we can together. The Network meetings have been well attended and have started to bring a new energy and supportive atmosphere to the building as well as new ideas and resources.

Our work with the Central Youth Partnership has been valuable for joining up the skills of partners and is now a positive collaboration for the area. Our aim to maximise Social Value contributions from suppliers and business has been successful. Thanks to Bruntwood and One Manchester we have new furniture for the building donated. Thanks to Trustee Jane Thorpe new carpets donated from business.

3

MOSS SIDE MILLENNIUM POWERHOUSE LIMITED TRUSTEES’ AND DIRECTORS’ ANNUAL REPORT FOR THE YEAR ENDED MARCH 31 2021

FINANCIAL REVIEW

Overview

We report a surplus of £2,654 on unrestricted reserves before transfers, which is a positive result in what has been a testing year due to the pandemic.

Risk management

The Board met on a monthly basis and continued to review the key operational and financial risks facing the organisation. In 2013-14 we had developed a business continuity plan but have revised this in 2019/20 to ensure we have operational oversight of our key targets and risks associated with them. In 2020/21 have continued to update and improve our general policies and procedures as well as discuss and review local opportunities and partnership development.

Principal funding sources

In recent years the Powerhouse has been affected by ongoing reductions in public sector expenditure and increasing pressures on non-statutory funding sources. The organisation continues to develop sustainable income streams through room hire and contributions from partner agencies.

The Powerhouse continues to benefit to from £100,000 per annum revenue funding form Manchester City Council which contributes to core running costs of the building and enables us to host other youth services.

Reserves

The Board has determined that the charity needs reserves of three to six months operating costs to provide working capital and a buffer against changes in the funding regime. This would equate to free reserves in the range of £65k - £130k. The free reserves as at March 31 2021 were £135,691, just above the target level. The directors are committed to maintain adequate capital and keep the reserves position under review.

The Charity needs to generate resources to re-invest in the Centre equipment, as items wear out and/or technology moves on, and it is anticipated that any surplus free reserves will be utilised in this way.

COVID 19 AND THE PANDEMIC

In line with other building based charities the Powerhouse has been impacted by the pandemic caused by COVID19 and the measures taken to combat it. This has meant that the building has been closed during lockdowns and access has been limited at others. However, the Powerhouse has continued to enjoy the support of the City Council and to receive rent income from key partners, and remains a going concern.

FUTURE PLANS

The trustees and staff team have agreed a new strategic plan for the Powerhouse with 6 clear aims:

  1. Ensuring Capacity-funding, partners, intelligence and people

  2. Developing our Service Offer with partners, stakeholders and young people

  3. Engage with our users, young people, stakeholders and places

  4. Planned investment in the Building

  5. Setting Future Ambition

  6. Delivering Performance

Each of these aims has projects to deliver and develop. Some will be harder than others, particularly to set an investment plan for a building that is over 20 years old and one that inevitably shows sign of age. This will require a discussion with Manchester City council who own the building on how this can be achieved together. Our service offer will look at a new health and wellbeing approach with partners and potential funders and building on and employment and skills offer and a creative arts programme. This is clearly based on engagement as we need to work with the ideas, energy, and needs of our places, communities and young people. We need to do the right things with right partners to produce the right results for the future.

This is a challenging but exciting time and this plan builds on the platform not only of the last years work but the work of the trustees over the years to not only ensure the powerhouse is viable and sustainable, but still has the connection and relevance to the place and its people to set a new future.

4

MOSS SIDE MILLENNIUM POWERHOUSE LIMITED TRUSTEES’ AND DIRECTORS’ ANNUAL REPORT FOR THE YEAR ENDED MARCH 31 2021

STRUCTURE GOVERNANCE AND MANAGEMENT

Governing document

The charity is a company limited by guarantee governed by its memorandum and articles of association dated July 2 1999. It is a registered charity with the Charity Commission.

Appointment of trustees

The trustees are appointed as follows:

The trustees appointed by the Young People’s Powerhouse Committee hold office for a period of three years and are eligible for election for a further maximum three-year term. The trustees appointed by other bodies hold office until removed by their appointing body.

Any trustees appointed by the members in general meeting are subject to retirement by rotation, one third (being those longest in office) retiring each year and are eligible for re-appointment.

Trustee induction and training

Induction and training of trustees is carried out by nominators, although trustees are partly recruited because of existing skills and experience, and therefore Trustees are responsible for their own training.

The Powerhouse is working on a formal policy for recruitment and induction.

Organisation

The Board, which must not be less than three members and not more than twenty-one, administers the Charity and meets as necessary, usually no less than 6 times a year. The Board occasionally sets up ad hoc working groups to look at specific matters and to report back.

The day-to-day operations of the Charity are the responsibility of the Head of Centre. Executive control was exercised by the Board or individual Trustees under delegated authority.

TRUSTEES’ RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS

The trustees (who are also directors of Moss Side Millennium Powerhouse Limited for the purposes of company law) are responsible for preparing the Trustees’ Annual 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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

SMALL COMPANY PROVISIONS AND APPROVAL

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

Approved by the Board of Trustees and signed on its behalf by:

Lisa Harvey-Nebil

Lisa Harvey-Nebil – Director

Date: 09/12/2021

5

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE MOSS SIDE MILLENNIUM POWERHOUSE LIMITED FOR THE YEAR ENDED MARCH 31 2021

I report to the charity trustees on the accounts of the company for the year ended March 31 2021 which are set out on pages 7 to 17.

Responsibilities and basis of report

As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the company 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 your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I a member of Institute of Chartered Accountants in England and Wales (ICAEW) which is one of the listed bodies.

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:

  1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts 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

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

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 accounts to be reached.

Peter Smith

Peter Smith BA FCA DChA

For and on behalf of:

HGA Accountants & Financial Consultants LTD t/a Chittenden Horley Chartered Accountants

456 Chester Road Old Trafford

Manchester M16 9HD Date: 10/12/2021

6

MOSS SIDE MILLENNIUM POWERHOUSE LIMITED STATEMENT OF FINANCIAL ACTIVITIES (including the income and expenditure account) FOR THE YEAR ENDED MARCH 31 2021

Notes
Incoming resources from generated funds:
Donations
2
Charitable activities
3
Other trading activities
4
Investment income - bank interest
TOTAL INCOME
EXPENDITURE
Raising funds
5
Expenditure on charitable activities
6
TOTAL EXPENDITURE
NET INCOME/(EXPENDITURE)
BEFORE TRANSFERS
Transfers between funds
NET MOVEMENT IN FUNDS
TOTAL FUNDS BROUGHT FORWARD
13
TOTAL FUNDS CARRIED FORWARD
13		 Unrestricted
Funds
£
133,305
146,009
5,918
59		 Restricted
Funds
£
3,000
109,591
-
-		 Total
Total
2021
2020
£
£
136,305
101,695
255,600
174,050
5,918
48,954
59
197
397,882
324,896
1,603
1,600
367,759
308,561
369,362
310,161
28,520
14,735
-
-
28,520
14,735
2,450,241
2,435,506
2,478,761
2,450,241
285,291 112,591
1,603
281,034		 -
86,725
282,637 86,725
2,654
2,284,517		 25,866
(2,284,517)
2,287,171
136,763		 (2,258,651)
2,313,478
2,423,934 54,827

The notes on pages 10 to 17 form part of these financial statements.

7

MOSS SIDE MILLENNIUM POWERHOUSE LIMITED BALANCE SHEET AS AT MARCH 31 2021

Notes
FIXED ASSETS
Tangible Assets
10
CURRENT ASSETS
Debtors
11
Cash at Bank and in Hand
CREDITORS
Amounts falling due in one year
12
NET CURRENT ASSETS
NET ASSETS
FUNDS
Unrestricted
13
Restricted
13
TOTAL FUNDS		 2021
£
38,542
171,355		 2021
2020
£
£
2,288,243
26,823
123,683
150,506
17,469
190,518
2,478,761
2,423,934
54,827
2,478,761		 2020
£
2,317,204
133,037
209,897
19,379
2,450,241
136,763
2,313,478
2,450,241

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.

For the year ending March 31 2021, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies and no notice has been deposited under section 476 requiring the company to obtain an audit of its accounts for the year in question.

Directors’ responsibilities

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The notes on pages 10 to 17 form part of these financial statements.

Approved by the Board and authorised for issue on: 09/12/2021

And signed on their behalf by:

Lisa Harvey-Nebil

Lisa Harvey-Nebil - Director

Company registration number 03802430

8

MOSS SIDE MILLENNIUM POWERHOUSE LIMITED STATEMENT OF CASH FLOWS AS AT MARCH 31 2021

notes
Cash used in operating activities
15
Cashflows from investing activities
Interest and dividends
Cash provided by/(used in) investing activities
Cashflows from financing activities
Cash used in financing activities
Increase/(decrease) in cash & cash equivalents in the year
Cash and cash equivalents brought forward
Cash and cash equivalents carried forward
Cash and cash equivalents consist of:
Cash at bank and in hand		 2021
2020
£
£
47,613
12,635
59
197
59
197
-
-
47,672
12,832
123,683
110,851
171,355
123,683
171,355
123,683
171,355
123,683

The Charity does not have any debt.

The notes on pages 10 to 17 form part of these financial statements

9

MOSS SIDE MILLENNIUM POWERHOUSE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2021

1 ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared: under the historic cost convention; in accordance with the Statement of Recommended Practice – Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) effective January 1 2019 (second edition – October 2019); FRS102; and the Companies Act 2006. The charity constitutes a public benefit entity as defined by FRS102.

The accounts are prepared in £ sterling, which is the functional currency.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Income recognition

All income is recognised once 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:

Grants , whether of a capital or 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.

Donations from individuals and other bodies (not being of the nature of a grant) are recognised when receivable.

Earned income is measured at the fair value of the consideration received or receivable for services and goods supplied, net of discounts and VAT.

Deferred income

Income is only deferred and included in creditors when:

Expenditure and irrecoverable VAT

Expenditure is recognised once 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:

Costs of raising funds

including those associated with fundraising activities, managing investments and commercial trading by the subsidiary company.

Charitable activities costs of undertaking the work of the charity.

The charity is registered for VAT and can recover all input tax charged. Costs are stated exclusive of VAT were charged.

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 5.

Pension contributions

The charity operates a defined contribution pension scheme for its employees, agreeing the contribution rates with each individual. The contributions are paid to a third party who invests the contributions in a money purchase plan. Contributions are charged to the SoFA as they become payable.

10

MOSS SIDE MILLENNIUM POWERHOUSE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2021

1 ACCOUNTING POLICIES (continued)

Tangible fixed assets and depreciation

Individual fixed assets costing more than £500 are capitalised at cost and are depreciated over their estimated useful lives on a straight-line basis as set out below.

Depreciation rates are as follows:
Long leasehold land and building 1% p.a.
Centre equipment 25% p.a.
Furniture 15% p.a.
Office equipment 40% p.a.

Debtors

Trade and other debtors are recognised at the settlement amount due and prepayments are valued at the amount prepaid.

Cash at bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

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.

Financial instruments

The charity has only basic financial instruments which are initially recorded at cost, and with the exception of investments (as set out above) subsequently measured at their settlement value.

11

MOSS SIDE MILLENNIUM POWERHOUSE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2021

Unrestricted
£
2 DONATIONS
Donation - redecorate foyer
-
GM Police - re CCTV
-
Revenue Grants:
MCC Children's Services - NRF grant
100,000
MCC Covid support
8,000
We Love Manchester - COVID
3,000
HMRC - CJRS
22,305
Consultancy grant
-
133,305
3 INCOME FROM CHARITABLE ACTIVITIES
Project grants
MCC NIF
-
MCC Easter Play Scheme
-
MCC - Central Youth Partnership
-
MCC - garden
MCC Jouvert Parade
-
Young Manchester
Grants for Holiday Hunger
Greater Manchester Police
-
Other grants
-
-
Facilities provision
MCC - Library Services
37,815
Career Connect
13,495
Community Mental Health
33,741
85,051
Other centre activities
Tenants
42,106
Casual room & equipment hire
18,852
60,958
Total
146,009
4 OTHER TRADING INCOME
Rent and room hire
5,918
5,918		 Unrestricted 2021
Restricted		 Total Unrestricted 2020
Restricted
Total
£
-
-
100,000
8,000
3,000
22,305
-		 £
-
3,000
-
-
-
-
-		 £
-
3,000
100,000
8,000
3,000
22,305
-		 £
-
-
100,000
-
-
-
-		 £
£
1,575
1,575
-
-
-
100,000
-
-
-
-
-
-
120
120
1,695
101,695
1,599
1,599
-
-
-
-
-
-
800
800
-
-
-
-
900
900
-
-
3,299
3,299
-
41,909
-
13,230
-
34,096
-
89,235
-
43,822
-
37,694
-
81,516
3,299
174,050
-
48,954
-
48,954
133,305 3,000 136,305 100,000
1,320
14,176
1,000
500
-
85,895
3,000
-
3,700		 1,320
14,176
1,000
500
-
85,895
3,000
-
3,700		 -
-
-
-
-
-
-
-
-
- 109,591 109,591 -
37,815
13,495
33,741		 -
-
-		 37,815
13,495
33,741		 41,909
13,230
34,096
85,051 - 85,051 89,235
42,106
18,852		 -
-		 42,106
18,852		 43,822
37,694
60,958 - 60,958 81,516
146,009 109,591 255,600 170,751
5,918 - 5,918 48,954
5,918 - 5,918 48,954

12

MOSS SIDE MILLENNIUM POWERHOUSE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2021

Unrestricted
£
5 COSTS OF RAISING FUNDS
Costs of rental and room hire
Staff costs
-
Property costs
1,370
Support costs
233
1,603
6 CHARITABLE EXPENDITURE
Staff costs
126,440
Seconded, freelance & other staff
-
Staff recruitment, training & other costs
1,142
Project costs
46,204
Property & security costs
135,663
Bank charges & bad debts
69
Depreciation
28,961
Support costs
29,280
Charged to restricted funds
(86,725)
281,034		 Unrestricted 2021
Restricted		 Total Unrestricted 2020
Restricted
Total
£
-
1,370
233		 £
-
-
-		 £
-
1,370
233		 £
-
1,404
196		 £
£
-
-
-
1,404
-
196
-
1,600
-
115,663
-
(964)
-
529
-
-
-
139,034
-
60
-
28,961
-
25,278
35,205
-
35,205
308,561
1,603 - 1,603 1,600
-
-
-
-
-
-
-
-
86,725		 126,440
-
1,142
46,204
135,663
69
28,961
29,280
-		 115,663
(964)
529
-
139,034
60
28,961
25,278
(35,205)
281,034 86,725 367,759 273,356

7 SUPPORT & GOVERNANCE COSTS

Support costs
Staff costs
Office costs
Total support costs
Governance
Staff costs
Seconded, freelance & other staff
Accountancy & examination
Consultancy and legal fees		 Fundraising Charitable
2021		 Total Fundraising Charitable
Total
2020
£
146
87		 £
14,430
8,604		 £
14,576
8,691		 £
139
57		 £
£
13,743
13,882
5,671
5,728
19,414
19,610
3,472
3,472
-
-
1,575
1,575
817
817
5,864
5,864
25,278
25,474
233 23,034 23,267 196
-
-
-
-		 3,651
-
1,628
967		 3,651
-
1,628
967		 -
-
-
-
- 6,246 6,246 -
233 29,280 29,513 196

Costs that can be wholly attributed to either support or governance are allocated directly to those functions, and other costs are allocated either on the basis of the estimation of time spent (staff costs) or consumption of resources (office costs).

13

MOSS SIDE MILLENNIUM POWERHOUSE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2021

8 NET INCOMING RESOURCES AFTER TRANSFERS
This is stated after charging/(crediting):
Accountant/Independent examiner's fees
Report
Accountancy
Depreciation charged on fixed assets
Directors' remuneration & trustees' expenses
9 STAFF INFORMATION
a Staff costs
Salaries and wages
Pension costs
Employer's NI contributions
No employees earned more than £60,000 pa in either year		 2021
2020
£
£
900
900
600
600
28,961
28,961
-
-
136,290
124,441
2,278
1,644
6,099
6,932
144,667
133,017

b Key management personal

The key management personal comprise the trustees and principle staff as set out on page 1. The trustees do not receive any remuneration for their services.

Employment benefits principle staff
c Average number of employees
The average number of employees was as follows:-		 73,024
69,434
2021
2020
Average
Average
number
number
8
7
8
7

14

MOSS SIDE MILLENNIUM POWERHOUSE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2021

10 TANGIBLE FIXED ASSETS

10 TANGIBLE FIXED ASSETS
Cost
As at April 1 2020
As at March 31 2021
Depreciation
As at April 1 2020
Provided
As at March 31 2021
Net Book Value
As at March 31 2021
As at March 31 2020
11 DEBTORS
Trade debtors
Prepayments
12 CREDITORS falling due within one year
Trade creditors
Accruals
Other taxation and social security
Income in advance		 Long
Leasehold
Property
£
2,896,129		 Centre
Equipment
£
172,431		 Furniture
£
51,882		 Office
Equipment
£
31,414		 Total
£
3,151,856
2,896,129 172,431 51,882 31,414 3,151,856
578,925
28,961		 172,431
-		 51,882
-		 31,414
-		 834,652
28,961
607,886 172,431 51,882 31,414 863,613
2,288,243 - - - 2,288,243
2,317,204 - - - 2,317,204
2021
£
35,715
2,827		 2020
£
24,192
2,631
38,542 26,823
5,120
11,002
2,557
700		 353
7,248
6,494
3,374
19,379 17,469

15

MOSS SIDE MILLENNIUM POWERHOUSE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2021

13 STATEMENT OF FUNDS

2020/21
Income
Expenditure
Transfers
31/03/2021
285,291
(282,637)
2,284,517
2,423,934
285,291
(282,637)
2,284,517
2,423,934
-
-
-
3,000
(3,000)
-
-
-
-
1,320
(1,320)
-
-
14,176
-
-
14,176
1,000
(1,000)
-
-
500
-
-
500
-
-
-
85,895
(45,744)
40,151
3,000
(3,000)
-
-
-
-
3,700
(3,700)
-
-
-
(28,961)
(2,284,517)
-
112,591
(86,725)
(2,284,517)
54,827
397,882
(369,362)
-
2,478,761		 2,423,934 -
-
-
-
14,176
-
500
-
40,151
-
-
-
-		 54,827 2,478,761 2,478,761
2,284,517 -
-
-
-
-
-
-
-
-
(2,284,517)		 (2,284,517) -
(282,637) (3,000)
(1,320)
-
(1,000)
-
(45,744)
(3,000)
(3,700)
(28,961)		 (86,725) (369,362)
285,291 -
3,000
-
1,320
14,176
1,000
500
-
85,895
3,000
-
3,700
-		 112,591 397,882
31/03/2020
01/04/2020
136,763		 136,763 -
-
-
-
-
-
-
-
-
-
-
-
2,313,478		 2,313,478 2,450,241
2019/20
01/04/2019
Income
Expenditure
Transfers
91,817
319,902
(274,956)
-
91,817
319,902
(274,956)
-
-
1,575
(1,575)
-
-
-
-
-
120
(120)
-
-
1,599
(1,599)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
800
(800)
-
-
-
-
-
-
-
-
-
1,000
900
(1,900)
-
250
-
(250)
-
2,342,439
-
(28,961)
-
2,343,689
4,994
(35,205)
-
2,435,506
324,896
(310,161)
-		 - -
-
-
-
-
-
-
-
-
-
-
-
-		 - -
(274,956) (1,575)
-
(120)
(1,599)
-
-
-
(800)
-
-
(1,900)
(250)
(28,961)		 (35,205) (310,161)
319,902 1,575
-
120
1,599
-
-
-
800
-
-
900
-
-		 4,994 324,896
91,817 -
-
-
-
-
-
-
-
-
1,000
250
2,342,439		 2,343,689 2,435,506
Unrestricted funds:
General fund
Restricted Funds:
Revenue fund:
Donation - foyer redecoration
GM Police CCTV upgrade
Consultancy grant
MCC NIF
MCC - Easter Play scheme
MCC - Central Youth Partnership
MCC - garden
MCC Jouvert Parade
Young Manchester
Grants for Holiday Hunger
Greater Manchester Police
Summer Outreach
Capital grants:
Powerhouse premises & equipment

16

MOSS SIDE MILLENNIUM POWERHOUSE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2021

14 ANALYSIS OF COMPANY NET ASSETS BETWEEN FUNDS

ANALYSIS OF COMPANY NET ASSETS BETWEEN FUNDS
Fund balances at March 31 2021 are represented by:-
Tangible fixed assets
Current assets
Current liabilities
Fund balances at March 31 2020 are represented by:-
Tangible fixed assets
Current assets
Current liabilities		 Unrestricted
Funds
£
2,288,243
155,070
(19,379)		 Restricted
Funds
Total
£
£
-
2,288,243
54,827
209,897
-
(19,379)
54,827
2,478,761
2,313,478
2,317,204
-
150,506
-
(17,469)
2,313,478
2,450,241
2,423,934
3,726
150,506
(17,469)
136,763

15 RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASHFLOW FROM OPERATING ACTIVITIES

Net income/(expenditure)
Add back depreciation
Deduct interest income shown in investing activities
Deduct profit/add back losses on disposals of FA
Decrease/(increase) in debtors
Increase/(decrease) in creditors
Net cash generated from/(used in) operating activities		 2021
2020
£
£
28,520
14,735
28,961
28,961
(59)
(197)
-
-
(11,719)
(3,809)
1,910
(27,055)
47,613
12,635

16 CONSTITUTION

The Company is limited by guarantee and does not have a share capital. In the event of the Company being wound up the members are committed to contributing £1 each.

17 TAXATION

The Company is a registered charity and is entitled to claim annual exemption from UK corporation tax.

18 CAPITAL COMMITMENTS

There were no capital commitments authorised and contacted for at the end of the year (2020 £Nil).

19 COMMITMENTS UNDER OPERATING LEASE

The charity had the following commitments under non cancellable leases:

Due with in one year
Due 2 - 5 years		 540
540
540
675
1,080
1,215

20 RELATED PARTY TRANSACTIONS AND CONTROLLING PARTY

The charity has no controlling party. The members, who appoint the trustees, are independent of each other and no individual has a significant proportion of the voting rights.

There are no related party transactions that require to be disclosed.

17