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2022-03-31-accounts

MOSS SIDE MILLENNIUM POWERHOUSE LIMITED

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR

THE YEAR ENDED MARCH 31 2022

Company number 03802430 Charity number 1077564

MOSS SIDE MILLENNIUM POWERHOUSE LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2022

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 2022

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
The Wesley Centre
Royce Road, Hulme
Manchester M15 5BP
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 2022

The trustees present their annual report together with the financial statements of the charity for the year ended March 31 2022 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 objectives, the charity operates the Moss Side Millennium Powerhouse, a centre for young people and the community 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 2022

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 Tenants consists of:

The Powerhouse has continued to support a range of users in 2021-22 including:

Although we have now moved out of COVID restrictions, we have still been faced with challenges at the beginning of the year in terms of delivering provision. The leadership of the Head of Centre and her team has ensured that it has been a productive and inspiring year as we have both increased our resources, service offer, and partnerships and met our performance targets. Most importantly our financial position is resilient and has improved over the last 12 months. Whilst the Trustee board has undergone significant changes, we are able to focus on the future strategy which is testament to the resilience and security the Head of Centre and Business Support Manager have provided.

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. This is a different picture from previous years. 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. As Lisa continues to cement the Powerhouse in the local community, we will need to look to increase the staff team and evaluate the current structure to ensure it is relevant, reflective of the responsibilities held by colleagues and future proofing the organisation. The Youth and Community Development Worker continues to work with young people and our partners to ensure there are spaces and opportunities for young people within the community.

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 2022

FINANCIAL REVIEW

Overview

We report a surplus of £60,439 on unrestricted reserves before transfers, which is a positive result as we have emerged from the COVID restrictions.

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 which was revised in 2019/20 to ensure we had operational oversight of our key targets and risks associated with them. In 2020/21continued to update and improve our general policies and procedures as well as discuss and review local opportunities and partnership development. In 21/22 we have continued to reap the beneifits of this work.

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 from £100,000 per annum revenue funding from Manchester City Council which contributes to core running costs of the building and enables us to host other youth services. We have received an additional 10k which will continue next year.

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 £225,091, c£95k above the target level. However, as the building is now over twenty years old and there are likely to be major refurbishment works in the near future and with rising energy and other costs, the Directors expect to have to commit these additional reserves to meet costs in the next few years. 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

The Powerhouse has adapted to exist within the new landscape which still poses challenges but overall the Powerhouse has been a constant for young people and the community.

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 2022

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: 27/10/22

5

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE MOSS SIDE MILLENNIUM POWERHOUSE LIMITED FOR THE YEAR ENDED MARCH 31 2022

I report to the charity trustees on the accounts of the company for the year ended March 31 2022 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

The Wesley Centre Royce Road, Hulme Manchester M15 5BP Date: 27/10/22

6

MOSS SIDE MILLENNIUM POWERHOUSE LIMITED STATEMENT OF FINANCIAL ACTIVITIES (including the income and expenditure account) FOR THE YEAR ENDED MARCH 31 2022

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
£
119,566
226,512
6,086
35		 Restricted
Funds
£
10,000
134,539
-
-		 Total
Total
2022
2021
£
£
129,566
136,305
361,051
255,600
6,086
5,918
35
59
496,738
397,882
1,650
1,603
440,820
367,759
442,470
369,362
54,268
28,520
-
-
54,268
28,520
2,478,761
2,450,241
2,533,029
2,478,761
352,199 144,539
1,650
290,110		 -
150,710
291,760 150,710
60,439
-		 (6,171)
-
60,439
2,423,934		 (6,171)
54,827
2,484,373 48,656

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 2022

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		 2022
£
98,257
193,980		 2022
2021
£
£
2,259,282
38,542
171,355
209,897
19,379
273,747
2,533,029
2,484,373
48,656
2,533,029		 2021
£
2,288,243
190,518
292,237
18,490
2,478,761
2,423,934
54,827
2,478,761

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 2022, 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: 27/10/22

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 2022

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		 2022
2021
£
£
22,590
47,613
35
59
35
59
-
-
22,625
47,672
171,355
123,683
193,980
171,355
193,980

171,355
193,980
171,355

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 2022

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 2022

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 2022

Unrestricted
£
2 DONATIONS
Donations
4,950
GM Police - re CCTV
-
Revenue Grants:
MCC Children's Services - NRF grant
100,000
MCC Covid support
13,867
MCC - staffing grant
-
We Love Manchester - COVID
-
HMRC - CJRS
749
119,566
3 INCOME FROM CHARITABLE ACTIVITIES
Project grants
MCC NIF
-
MCC Easter Play Scheme
-
MCC - Central Youth Partnership
-
MCC - garden
-
MCC - Our Year
-
MCC - Summer 2021
-
MCC - Youth & Play
-
Young Manchester
-
YM - Easter 2021
-
YM - Summer 2021
-
Grants for Holiday Hunger
-
Other - garden project
-
Other - fashion show
-
Manchester NHS - SCAC
-
Other grants
-
-
Facilities provision
MCC - Library Services
40,249
Career Connect
13,495
Community Mental Health
36,499
90,243
Other centre activities
Tenants
16,777
Casual room & equipment hire
119,492
136,269
Total
226,512		 Unrestricted 2022
Restricted		 Total Unrestricted 2021
Restricted
Total
£
4,950
-
100,000
13,867
-
-
749		 £
-
-
-
-
10,000
-
-		 £
4,950
-
100,000
13,867
10,000
-
749		 £
-
-
100,000
8,000
-
3,000
22,305		 £
£
-
-
3,000
3,000
-
100,000
-
8,000
-
-
-
3,000
-
22,305
3,000
136,305
1,320
1,320
14,176
14,176
1,000
1,000
500
500
-
-
-
-
-
-
85,895
85,895
-
-
-
-
3,000
3,000
-
-
-
-
-
-
3,700
3,700
109,591
109,591
-
37,815
-
13,495
-
33,741
-
85,051
-
42,106
-
18,852
-
60,958
109,591
255,600
119,566 10,000 129,566 133,305
2,954
6,436
-
-
7,500
33,674
10,000
43,790
8,501
2,269
-
1,400
450
14,125
3,440		 2,954
6,436
-
-
7,500
33,674
10,000
43,790
8,501
2,269
-
1,400
450
14,125
3,440		 -
-
-
-
-
-
-
-
-
-
-
-
-
-
-
- 134,539 134,539 -
40,249
13,495
36,499		 -
-
-		 40,249
13,495
36,499		 37,815
13,495
33,741
90,243 - 90,243 85,051
16,777
119,492		 -
-		 16,777
119,492		 42,106
18,852
136,269 - 136,269 60,958
226,512 134,539 361,051 146,009

12

MOSS SIDE MILLENNIUM POWERHOUSE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2022

Unrestricted
£
4 OTHER TRADING INCOME
Rent and room hire
6,086
6,086
5 COSTS OF RAISING FUNDS
Costs of rental and room hire
Property costs
1,299
Support costs
351
1,650
6 CHARITABLE EXPENDITURE
Staff costs
147,811
Seconded, freelance & other staff
500
Staff recruitment, training & other costs
2,959
Project costs
89,428
Property & security costs
128,585
Bank charges & bad debts
96
Depreciation
28,961
Support costs
42,480
Charged to restricted funds
(150,710)
290,110		 Unrestricted 2022
Restricted		 Total Unrestricted 2021
Restricted
Total
£
6,086		 £
-		 £
6,086		 £
5,918		 £
£
-
5,918
-
5,918
-
1,370
-
233
-
1,603
-
126,440
-
-
-
1,142
-
46,204
-
135,663
-
69
-
28,961
-
29,280
86,725
-
86,725
367,759
6,086 - 6,086 5,918
1,299
351		 -
-		 1,299
351		 1,370
233
1,650 - 1,650 1,603
-
-
-
-
-
-
-
-
150,710		 147,811
500
2,959
89,428
128,585
96
28,961
42,480
-		 126,440
-
1,142
46,204
135,663
69
28,961
29,280
(86,725)
290,110 150,710 440,820 281,034

7 SUPPORT & GOVERNANCE COSTS

Support costs
Staff costs
Office costs
Total support costs
Governance
Staff costs
Accountancy & examination
Consultancy and legal fees		 Fundraising Charitable
2022		 Total Fundraising Charitable
Total
2021
£
272
79		 £
26,954
7,855		 £
27,226
7,934		 £
146
87		 £
£
14,430
14,576
8,604
8,691
23,034
23,267
3,651
3,651
1,628
1,628
967
967
6,246
6,246
29,280
29,513
351 34,809 35,160 233
-
-
-		 5,307
1,658
706		 5,307
1,658
706		 -
-
-
- 7,671 7,671 -
351 42,480 42,831 233

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 2022

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		 2022
2021
£
£
900
900
600
600
28,961
28,961
-
-
9 STAFF INFORMATION
a Staff costs
Salaries and wages
Pension costs
Employer's NI contributions		 168,868
136,290
2,732
2,278
8,744
6,099
180,344
144,667

No employees earned more than £60,000 pa in either year

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
Average number of employees
The average number of employees was as follows:-		 75,902
73,024
2022
2021
Average
Average
number
number
11
8
11
8

c Average number of employees The average number of employees was as follows:-

14

MOSS SIDE MILLENNIUM POWERHOUSE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2022

10 TANGIBLE FIXED ASSETS

10 TANGIBLE FIXED ASSETS
Cost
As at April 1 2021
As at March 31 2022
Depreciation
As at April 1 2021
Provided
As at March 31 2022
Net Book Value
As at March 31 2022
As at March 31 2021
11 DEBTORS
Trade debtors
Prepayments
Income receivable
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
Total
£
£
31,414
3,151,856
31,414
3,151,856
31,414
863,613
-
28,961
31,414
892,574
-
2,259,282
-
2,288,243
2021
£
35,715
2,827
-
38,542
5,120
11,002
2,557
700
19,379
2,896,129 172,431 51,882
607,886
28,961		 172,431
-		 51,882
-
636,847 172,431 51,882
2,259,282 - -
2,288,243 - -
2022
£
69,463
4,358
24,436
98,257
295
15,138
3,057
-
18,490

15

MOSS SIDE MILLENNIUM POWERHOUSE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2022

STATEMENT OF FUNDS

13

2021/22
Income
Expenditure
Transfers
31/03/2022
352,199
(262,799)
(2,284,517)
228,817
-
(28,961)
2,284,517
2,255,556
352,199
(291,760)
-
2,484,373
-
-
-
-
10,000
(10,000)
-
-
2,954
(2,954)
-
-
6,436
(14,176)
-
6,436
-
-
-
-
1,400
(973)
-
927
7,500
(4,665)
-
2,835
33,674
(33,674)
-
-
10,000
-
-
10,000
43,790
(70,047)
-
13,894
8,501
(8,501)
-
-
2,269
(2,269)
-
-
-
-
-
-
450
(11)
-
439
14,125
-
-
14,125
-
-
-
-
3,440
(3,440)
-
-
-
-
-
-
144,539
(150,710)
-
48,656
496,738
(442,470)
-
2,533,029		 2,484,373 -
-
-
6,436
-
927
2,835
-
10,000
13,894
-
-
-
439
14,125
-
-
-		 48,656 2,533,029 2,533,029
- -
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 - -
(291,760) -
(10,000)
(2,954)
(14,176)
-
(973)
(4,665)
(33,674)
-
(70,047)
(8,501)
(2,269)
-
(11)
-
-
(3,440)
-		 (150,710) (442,470)
352,199 -
10,000
2,954
6,436
-
1,400
7,500
33,674
10,000
43,790
8,501
2,269
-
450
14,125
-
3,440
-		 144,539 496,738
31/03/2021
01/04/2021
2,423,934
-		 2,423,934 -
-
-
14,176
-
500
-
-
-
40,151
-
-
-
-
-
-
-
-		 54,827 2,478,761
2020/21
01/04/2020
Income
Expenditure
Transfers
136,763
285,291
(282,637)
2,284,517
-
-
-
-
136,763
285,291
(282,637)
2,284,517
3,000
(3,000)
-
-
-
-
-
-
1,320
(1,320)
-
-
14,176
-
-
-
1,000
(1,000)
-
-
500
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
85,895
(45,744)
-
-
-
-
-
-
-
-
-
-
3,000
(3,000)
-
-
-
-
-
-
-
-
-
-
3,700
(3,700)
-
-
-
-
-
2,313,478
-
(28,961)
(2,284,517)
2,313,478
112,591
(86,725)
(2,284,517)
2,450,241
397,882
(369,362)
-		 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
136,763 -
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2,313,478		 2,313,478 2,450,241
Unrestricted funds:
General fund
Designated fund
Invested in fixed assets
Restricted Funds:
Revenue fund:
GM Police CCTV upgrade
MCC - staffing grant
MCC NIF
MCC - Easter Play scheme
MCC - Central Youth Partnership
MCC/Other - garden
MCC - Our Year
MCC - Summer 2021
MCC - Youth & Play
Young Manchester
YM - Easter 2021
YM - Summer 2021
Grants for Holiday Hunger
Other - fashion show
Manchester NHS - SCAC
Summer Outreach
Other grants
Capital grants:
Powerhouse premises & equipment

16

MOSS SIDE MILLENNIUM POWERHOUSE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2022

14 ANALYSIS OF COMPANY NET ASSETS BETWEEN FUNDS

ANALYSIS OF COMPANY NET ASSETS BETWEEN FUNDS
Fund balances at March 31 2022 are represented by:-
Tangible fixed assets
Current assets
Current liabilities
Fund balances at March 31 2021 are represented by:-
Tangible fixed assets
Current assets
Current liabilities		 Unrestricted
Funds
£
2,259,282
243,581
(18,490)		 Restricted
Funds
Total
£
£
-
2,259,282
48,656
292,237
-
(18,490)
48,656
2,533,029
-
2,288,243
54,827
209,897
-
(19,379)
54,827
2,478,761
2,484,373
2,288,243
155,070
(19,379)
2,423,934

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		 2022
2021
£
£
54,268
28,520
28,961
28,961
(35)
(59)
-
-
(59,715)
(11,719)
(889)
1,910
22,590
47,613

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 (2021 £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
540
1,080

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