# **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: 

- i. the empowerment of young people to develop emotionally, mentally, physically and spiritually so that they can contribute as active citizens in their community and wider world. 

- ii. the provision of facilities for leisure time and recreational activities with the object of improving the conditions of life of young people in the interests of social welfare. 

- iii. the advancement of education and learning in particular but not exclusively through the provision of advice, information, training and support. 

- iv. the combating of the effects of and distress caused by poverty and social exclusion on young people in particular but not exclusively through the provision of advice, information and support of matters related both to their health, personal and social education, well-being and welfare and also to enable them to enter into employment or establish new businesses. 

- v. For such other charitable purposes as the Trustees in their absolute discretion think fit. 

## **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: 

- Library – offering specific services for young people and open access services and events 

- Targeted Youth Support Service (Career Connect) – offering targeted youth support services 

- EMERGE – mental health services for 16 and 17 year olds 

- Child & Adolescent Support Services (CAPS) – support for parents of children up to 5 years old 

- Manchester Young Lives (MYL) – youth engagement and empowerment 

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

- Youth service providers operate evening open access sessions. 

- Community groups 

- Sports and physical activities 

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: 

- select suitable accounting policies and then apply them consistently; 

- observe the methods and principles in the Charities SORP (FRS 102) (second edition – October 2019)); 

- 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; 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. 

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**<br>**Incoming resources from generated funds:**<br>Donations<br>2<br>Charitable activities<br>3<br>Other trading activities<br>4<br>Investment income - bank interest<br>**TOTAL INCOME**<br>**EXPENDITURE**<br>Raising funds<br>5<br>Expenditure on charitable activities<br>6<br>**TOTAL EXPENDITURE**<br>**NET INCOME/(EXPENDITURE)**<br>**BEFORE TRANSFERS**<br>Transfers between funds<br>**NET MOVEMENT IN FUNDS**<br>**TOTAL FUNDS  BROUGHT FORWARD**<br>13<br>**TOTAL FUNDS CARRIED FORWARD**<br>13|**Unrestricted**<br>**Funds**<br>**£**<br>133,305<br>146,009<br>5,918<br>59|**Restricted**<br>**Funds**<br>**£**<br>3,000<br>109,591<br>-<br>-|**Total**<br>**Total**<br>**2021**<br>**2020**<br>**£**<br>**£**<br>**136,305**<br>_101,695_<br>**255,600**<br>_174,050_<br>**5,918**<br>_48,954_<br>**59**<br>_197_<br>**397,882**<br>_324,896_<br>**1,603**<br>_1,600_<br>**367,759**<br>_308,561_<br>**369,362**<br>_310,161_<br>**28,520**<br>_14,735_<br>**-**<br>_-_<br>**28,520**<br>_14,735_<br>**2,450,241**<br>_2,435,506_<br>**2,478,761**<br>_2,450,241_|
|---|---|---|---|
||285,291|112,591||
||1,603<br>281,034|-<br>86,725||
||282,637|86,725||
||2,654<br>2,284,517|25,866<br>(2,284,517)||
||2,287,171<br>136,763|(2,258,651)<br>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**<br>**FIXED ASSETS**<br>Tangible Assets<br>10<br>**CURRENT ASSETS**<br>Debtors<br>11<br>Cash at Bank and in Hand<br>**CREDITORS**<br>Amounts falling due in one year<br>12<br>**NET CURRENT ASSETS**<br>**NET ASSETS**<br>**FUNDS**<br>Unrestricted<br>13<br>Restricted<br>13<br>**TOTAL FUNDS**|**2021**<br>**£**<br>**38,542**<br>**171,355**|**2021**<br>**2020**<br>**£**<br>**£**<br>**2,288,243**<br>_26,823_<br>_123,683_<br>_150,506_<br>_17,469_<br>**190,518**<br>**2,478,761**<br>**2,423,934**<br>**54,827**<br>**2,478,761**|**2020**<br>**£**<br>_2,317,204_<br>_133,037_|
|---|---|---|---|
||**209,897**<br>**19,379**|||
|||||
||||_2,450,241_|
||||_136,763_<br>_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**<br>**Cash used in operating activities**<br>15<br>**Cashflows from investing activities**<br>Interest and dividends<br>**Cash provided by/(used in) investing activities**<br>**Cashflows from financing activities**<br>**Cash used in financing activities**<br>**Increase/(decrease) in cash & cash equivalents in the year**<br>**Cash and cash equivalents brought forward**<br>**Cash and cash equivalents carried forward**<br>**Cash and cash equivalents consist of:**<br>Cash at bank and in hand|**2021**<br>**2020**<br>**£**<br>**£**<br>**47,613**<br>_12,635_<br>**59**<br>_197_<br>**59**<br>_197_<br>**-**<br>_-_<br>**47,672**<br>_12,832_<br>**123,683**<br>_110,851_<br>**171,355**<br>_123,683_<br>**171,355**<br>_123,683_<br>**171,355**<br>_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: 

- 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 grant have been met, including the incurring of expenditure and the grant conditions are such that unspent grant must be refunded 

## **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**<br>**£**<br>**2 DONATIONS**<br>Donation - redecorate foyer<br>-<br>GM Police - re CCTV<br>-<br>**Revenue Grants:**<br>MCC Children's Services - NRF grant<br>100,000<br>MCC Covid support<br>8,000<br>We Love Manchester - COVID<br>3,000<br>HMRC - CJRS<br>22,305<br>Consultancy grant<br>-<br>133,305<br>**3 INCOME FROM CHARITABLE ACTIVITIES**<br>**_Project grants_**<br>MCC NIF<br>-<br>MCC Easter Play Scheme<br>-<br>MCC - Central Youth Partnership<br>-<br>MCC - garden<br>MCC Jouvert Parade<br>-<br>Young Manchester<br>Grants for Holiday Hunger<br>Greater Manchester Police<br>-<br>Other grants<br>-<br>-<br>**_Facilities provision_**<br>MCC - Library Services<br>37,815<br>Career Connect<br>13,495<br>Community Mental Health<br>33,741<br>85,051<br>**_Other centre activities_**<br>Tenants<br>42,106<br>Casual room & equipment hire<br>18,852<br>60,958<br>**_Total_**<br>146,009<br>**4 OTHER TRADING INCOME**<br>Rent and room hire<br>5,918<br>5,918|**Unrestricted**|**2021**<br>**Restricted**|**Total**|**Unrestricted**|**2020**<br>**Restricted**<br>**Total**|
|---|---|---|---|---|---|
||**£**<br>-<br>-<br>100,000<br>8,000<br>3,000<br>22,305<br>-|**£**<br>-<br>3,000<br>-<br>-<br>-<br>-<br>-|**£**<br>**-**<br>**3,000**<br>**100,000**<br>**8,000**<br>**3,000**<br>**22,305**<br>**-**|**£**<br>-<br>-<br>_100,000_<br>_-_<br>_-_<br>_-_<br>_-_|**£**<br>**£**<br>1,575<br>**_1,575_**<br>-<br>**_-_**<br>_-_<br>**_100,000_**<br>_-_<br>**_-_**<br>_-_<br>**_-_**<br>_-_<br>**_-_**<br>_120_<br>**_120_**<br>_1,695_<br>**_101,695_**<br>_1,599_<br>**_1,599_**<br>_-_<br>**_-_**<br>_-_<br>**_-_**<br>_-_<br>**_-_**<br>_800_<br>**_800_**<br>_-_<br>**_-_**<br>_-_<br>**_-_**<br>_900_<br>**_900_**<br>_-_<br>**_-_**<br>_3,299_<br>**_3,299_**<br>_-_<br>**_41,909_**<br>_-_<br>**_13,230_**<br>_-_<br>**_34,096_**<br>_-_<br>**_89,235_**<br>_-_<br>**_43,822_**<br>_-_<br>**_37,694_**<br>_-_<br>**_81,516_**<br>_3,299_<br>**_174,050_**<br>_-_<br>**_48,954_**<br>_-_<br>**_48,954_**|
||133,305|3,000|**136,305**|_100,000_||
|||1,320<br>14,176<br>1,000<br>500<br>-<br>85,895<br>3,000<br>-<br>3,700|**1,320**<br>**14,176**<br>**1,000**<br>**500**<br>**-**<br>**85,895**<br>**3,000**<br>**-**<br>**3,700**|_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_||
||-|109,591|**109,591**|_-_||
||37,815<br>13,495<br>33,741|-<br>-<br>-|**37,815**<br>**13,495**<br>**33,741**|_41,909_<br>_13,230_<br>_34,096_||
||85,051|-|**85,051**|_89,235_||
||42,106<br>18,852|-<br>-|**42,106**<br>**18,852**|_43,822_<br>_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**<br>**£**<br>**5 COSTS OF RAISING FUNDS**<br>**Costs of rental and room hire**<br>Staff costs<br>-<br>Property costs<br>1,370<br>Support costs<br>233<br>1,603<br>**6 CHARITABLE EXPENDITURE**<br>Staff costs<br>126,440<br>Seconded, freelance & other staff<br>-<br>Staff recruitment, training & other costs<br>1,142<br>Project costs<br>46,204<br>Property & security costs<br>135,663<br>Bank charges & bad debts<br>69<br>Depreciation<br>28,961<br>Support costs<br>29,280<br>Charged to restricted funds<br>(86,725)<br>281,034|**Unrestricted**|**2021**<br>**Restricted**|**Total**|**Unrestricted**|**2020**<br>**Restricted**<br>**Total**|
|---|---|---|---|---|---|
||**£**<br>-<br>1,370<br>233|**£**<br>-<br>-<br>-|**£**<br>**-**<br>**1,370**<br>**233**|**£**<br>-<br>1,404<br>196|**£**<br>**£**<br>_-_<br>**_-_**<br>_-_<br>**_1,404_**<br>_-_<br>**_196_**<br>_-_<br>**_1,600_**<br>_-_<br>**_115,663_**<br>_-_<br>**_(964)_**<br>_-_<br>**_529_**<br>_-_<br>**_-_**<br>_-_<br>**_139,034_**<br>_-_<br>**_60_**<br>_-_<br>**_28,961_**<br>_-_<br>**_25,278_**<br>_35,205_<br>**_-_**<br>_35,205_<br>**_308,561_**|
||1,603|-|**1,603**|_1,600_||
|||-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>86,725|**126,440**<br>**-**<br>**1,142**<br>**46,204**<br>**135,663**<br>**69**<br>**28,961**<br>**29,280**<br>**-**|_115,663_<br>_(964)_<br>_529_<br>_-_<br>_139,034_<br>_60_<br>_28,961_<br>_25,278_<br>_(35,205)_||
||281,034|86,725|**367,759**|_273,356_||



## **7 SUPPORT  & GOVERNANCE COSTS** 

|**_Support costs_**<br>Staff costs<br>Office costs<br>**_Total support costs_**<br>**_Governance_**<br>Staff costs<br>Seconded, freelance & other staff<br>Accountancy & examination<br>Consultancy and legal fees|**Fundraising**|**Charitable**<br>**2021**|**Total**|**Fundraising**|**Charitable**<br>**Total**<br>**2020**|
|---|---|---|---|---|---|
||**£**<br>146<br>87|**£**<br>14,430<br>8,604|**£**<br>**14,576**<br>**8,691**|**£**<br>_139_<br>_57_|**£**<br>**£**<br>_13,743_<br>**_13,882_**<br>_5,671_<br>**_5,728_**<br>_19,414_<br>**_19,610_**<br>_3,472_<br>**_3,472_**<br>_-_<br>**_-_**<br>_1,575_<br>**_1,575_**<br>_817_<br>**_817_**<br>**_5,864_**<br>**_5,864_**<br>**25,278**<br>**25,474**|
||233|23,034|**23,267**|_196_||
||-<br>-<br>-<br>-|3,651<br>-<br>1,628<br>967|**3,651**<br>**-**<br>**1,628**<br>**967**|_-_<br>_-_<br>_-_<br>_-_||
||**_-_**|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**<br>This is stated after charging/(crediting):<br>Accountant/Independent examiner's fees<br>Report<br>Accountancy<br>Depreciation charged on fixed assets<br>Directors' remuneration & trustees' expenses<br>**9 STAFF INFORMATION**<br>**a Staff costs**<br>Salaries and wages<br>Pension costs<br>Employer's NI contributions<br>No employees earned more than £60,000 pa in either year|**2021**<br>**2020**<br>**£**<br>**£**<br>**900**<br>**900**<br>**600**<br>**600**<br>**28,961**<br>**28,961**<br>**-**<br>**-**<br>**136,290**<br>_124,441_<br>**2,278**<br>_1,644_<br>**6,099**<br>_6,932_<br>**144,667**<br>_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<br>**c Average number of employees**<br>The average number of employees was as follows:-|**73,024**<br>_69,434_<br>**2021**<br>**2020**<br>**Average**<br>**Average**<br>**number**<br>**number**<br>**8**<br>_7_<br>**8**<br>_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**<br>**Cost**<br>As at April  1 2020<br>As at March 31 2021<br>**Depreciation**<br>As at April  1 2020<br>Provided<br>As at March 31 2021<br>**Net Book Value**<br>As at March 31 2021<br>As at March 31 2020<br>**11 DEBTORS**<br>Trade debtors<br>Prepayments<br>**12 CREDITORS falling due within one year**<br>Trade creditors<br>Accruals<br>Other taxation and social security<br>Income in advance|**Long**<br>**Leasehold**<br>**Property**<br>**£**<br>2,896,129|**Centre**<br>**Equipment**<br>**£**<br>172,431|**Furniture**<br>**£**<br>51,882|**Office**<br>**Equipment**<br>**£**<br>31,414|**Total**<br>**£**<br>3,151,856|
|---|---|---|---|---|---|
||2,896,129|172,431|51,882|31,414|3,151,856|
||578,925<br>28,961|172,431<br>-|51,882<br>-|31,414<br>-|834,652<br>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**<br>**£**<br>**35,715**<br>**2,827**||**2020**<br>**£**<br>_24,192_<br>_2,631_|
||||**38,542**||26,823|
||||**5,120**<br>**11,002**<br>**2,557**<br>**700**||_353_<br>_7,248_<br>_6,494_<br>_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**<br>**Income**<br>**Expenditure**<br>**Transfers**<br>**31/03/2021**<br>285,291<br>(282,637)<br>2,284,517<br>**2,423,934**<br>285,291<br>(282,637)<br>2,284,517<br>**2,423,934**<br>-<br>-<br>**-**<br>3,000<br>(3,000)<br>**-**<br>-<br>-<br>**-**<br>1,320<br>(1,320)<br>-<br>**-**<br>14,176<br>-<br>-<br>**14,176**<br>1,000<br>(1,000)<br>-<br>**-**<br>500<br>-<br>-<br>**500**<br>-<br>-<br>**-**<br>85,895<br>(45,744)<br>**40,151**<br>3,000<br>(3,000)<br>**-**<br>-<br>-<br>**-**<br>3,700<br>(3,700)<br>-<br>**-**<br>-<br>(28,961)<br>(2,284,517)<br>**-**<br>112,591<br>(86,725)<br>(2,284,517)<br>**54,827**<br>397,882<br>(369,362)<br>-<br>**2,478,761**|**2,423,934**|**-**<br>**-**<br>**-**<br>**-**<br>**14,176**<br>**-**<br>**500**<br>**-**<br>**40,151**<br>**-**<br>**-**<br>**-**<br>**-**|**54,827**|**2,478,761**|**2,478,761**|
|---|---|---|---|---|---|
||2,284,517|-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>(2,284,517)|(2,284,517)|-||
||(282,637)|(3,000)<br>(1,320)<br>-<br>(1,000)<br>-<br>(45,744)<br>(3,000)<br>(3,700)<br>(28,961)|(86,725)|(369,362)||
||285,291|-<br>3,000<br>-<br>1,320<br>14,176<br>1,000<br>500<br>-<br>85,895<br>3,000<br>-<br>3,700<br>-|112,591|397,882||
|**31/03/2020**<br>**01/04/2020**<br>_136,763_|_136,763_|_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_2,313,478_|_2,313,478_|_2,450,241_||
|**2019/20**<br>**01/04/2019**<br>**Income**<br>**Expenditure**<br>**Transfers**<br>_91,817_<br>_319,902_<br>_(274,956)_<br>_-_<br>_91,817_<br>_319,902_<br>_(274,956)_<br>_-_<br>_-_<br>_1,575_<br>_(1,575)_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_120_<br>_(120)_<br>_-_<br>_-_<br>_1,599_<br>_(1,599)_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_800_<br>_(800)_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_1,000_<br>_900_<br>_(1,900)_<br>_-_<br>_250_<br>_-_<br>_(250)_<br>_-_<br>_2,342,439_<br>_-_<br>_(28,961)_<br>_-_<br>_2,343,689_<br>_4,994_<br>_(35,205)_<br>_-_<br>_2,435,506_<br>_324,896_<br>_(310,161)_<br>_-_|_-_|_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_|_-_|_-_||
||_(274,956)_|_(1,575)_<br>_-_<br>_(120)_<br>_(1,599)_<br>_-_<br>_-_<br>_-_<br>_(800)_<br>_-_<br>_-_<br>_(1,900)_<br>_(250)_<br>_(28,961)_|_(35,205)_|_(310,161)_||
||_319,902_|_1,575_<br>_-_<br>_120_<br>_1,599_<br>_-_<br>_-_<br>_-_<br>_800_<br>_-_<br>_-_<br>_900_<br>_-_<br>_-_|_4,994_|_324,896_||
||_91,817_|_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_1,000_<br>_250_<br>_2,342,439_|_2,343,689_|_2,435,506_||
|**Unrestricted funds:**<br>General fund<br>**Restricted Funds:**<br>**Revenue fund:**<br>Donation - foyer redecoration<br>GM Police CCTV upgrade<br>Consultancy grant<br>MCC NIF<br>MCC - Easter Play scheme<br>MCC - Central Youth Partnership<br>MCC - garden<br>MCC Jouvert Parade<br>Young Manchester<br>Grants for Holiday Hunger<br>Greater Manchester Police<br>Summer Outreach<br>**Capital grants:**<br>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:-<br>Tangible fixed assets<br>Current assets<br>Current liabilities<br>Fund balances at March 31 2020 are represented by:-<br>Tangible fixed assets<br>Current assets<br>Current liabilities|**Unrestricted**<br>**Funds**<br>**£**<br>2,288,243<br>155,070<br>(19,379)|**Restricted**<br>**Funds**<br>**Total**<br>**£**<br>**£**<br>-<br>**2,288,243**<br>54,827<br>**209,897**<br>-<br>**(19,379)**<br>54,827<br>**2,478,761**<br>2,313,478<br>**2,317,204**<br>-<br>**150,506**<br>-<br>**(17,469)**<br>2,313,478<br>**2,450,241**|
||2,423,934||
||3,726<br>150,506<br>(17,469)||
||136,763||



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

|Net income/(expenditure)<br>Add back depreciation<br>Deduct interest income shown in investing activities<br>Deduct profit/add back losses on disposals of FA<br>Decrease/(increase) in debtors<br>Increase/(decrease) in creditors<br>**Net cash generated from/(used in) operating activities**|**2021**<br>**2020**<br>**£**<br>**£**<br>**28,520**<br>_14,735_<br>**28,961**<br>_28,961_<br>**(59)**<br>_(197)_<br>**_-_**<br>_-_<br>**(11,719)**<br>_(3,809)_<br>**1,910**<br>_(27,055)_<br>**47,613**<br>_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<br>Due 2 - 5 years|**540**<br>_540_<br>**540**<br>_675_<br>**1,080**<br>_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**