# MOSS SIDE MILLENNIUM POWERHOUSE LIMITED
# ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS
## FOR
THE YEAR ENDED MARCH 31 2025
Company number 03802430 Charity number 1077564
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MOSS SIDE MILLENNIUM POWERHOUSE LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2025
## INDEX
|Administrative information
1|
|---|
|Trustees’ and Directors’ annual report
2 – 9|
|Independent auditor’s report
10 - 13|
|Statement of financial activities
14|
|Balance sheet
15|
|Statement of cash flows
16|
|Notes to the financial statements
17 – 33|
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MOSS SIDE MILLENNIUM POWERHOUSE LIMITED TRUSTEES’ AND DIRECTORS’ ANNUAL REPORT FOR THE YEAR ENDED MARCH 31 2025
**DIRECTORS** Erinma BELL (Chair from 06/10/23) John Egerton (Appointed 25/04/24) Frances CAMPBELL-MILLER (Appointed 25/07/23) Samuel Ray LEWIS (Appointed 26/07/23) Otis Shaun THOMAS (Appointed 26/07/23) Charlotte Louise Norman (Appointed 31/07/24) Elizabeth Donevan (Appointed 02/04/24) Fiona Cummins (Appointed 30/10/24 & resigned on 16/09/25) Emily Rowles (Resigned 17/01/24) Jane Thorpe (Resigned 05/02/24) Lisa Mary Harvey-Nebil (Resigned 05/02/24) Carla Bridget Amesu (Resigned 10/05/24) Penelope Rhiannon Shannon (Resigned 31/10/2024) **KEY STAFF** CEO - Lisa Samuels Operations Manager- Troy Zuritta Business & Finance Manager – Wesam Sedeq **REGISTERED OFFICE &** Moss Side Millennium Powerhouse **PRINCIPAL PLACE OF** 140 Raby Street **BUSINESS** Manchester M15 4SL **INDEPENDENT AUDITOR** Patrick Morrello ACA Third Sector Accountancy Limited Holyoake House Hanover Street Manchester M60 0AS **BANKERS** CAF Bank Limited 25 Kings Hill Avenue Kings Hill, West Malling Kent M19 4JQ
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MOSS SIDE MILLENNIUM POWERHOUSE LIMITED TRUSTEES’ AND DIRECTORS’ ANNUAL REPORT FOR THE YEAR ENDED MARCH 31 2025
The trustees present their annual report together with the financial statements of the charity for the year ended March 31 2025 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 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 objectives, the charity operates the Moss Side Millennium Powerhouse, a centre for children, 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. During the year, the charity supported more than 740 young people and families through its programmes, ensuring that our charitable objectives directly translated into measurable public benefit.
## **Contribution of volunteers**
MSMPH has a regular cohort of volunteers that support various projects. The neighbourhood health champion project has 40 volunteers signed up and they volunteer on and offsite. The community wardrobe project has 12 volunteers who regularly sort the clothes donations and attend the monthly Friday events. We also have a dedicated youth work volunteer who has now achieved a Level 3 qualification in Youth Work.
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MOSS SIDE MILLENNIUM POWERHOUSE LIMITED TRUSTEES’ AND DIRECTORS’ ANNUAL REPORT FOR THE YEAR ENDED MARCH 31 2025
## **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 has continued to support a range of users in 2024-25 including:
- Children and Young People
- Youth service providers operate evening open access sessions.
- Community groups and volunteers
- Sports and physical activities
- Families
The staff team, with the support of external specialists, trustees, Social Landlords and Manchester City Council, have delivered significant progress against the aims outlined in their 2024 strategic plan, namely completing the capital refurbishments and delivering our ambition to become a youth delivery provider. We have also continued to grow and support the health and wellbeing service, which has surpassed the expectations of the funder, in terms of the diverse reach, and engagement of neighbourhood volunteers (our ‘health’ champions).
It was a challenging year due to the growth and development of the organisation. The staff team grew during the year, and the building continued to operate despite the disruption caused by a major capital refurbishment programme.
## **Funding**
Thanks to the continued financial support from Manchester City Council and the diligent work of our Business and Finance Manager and the CEO’s commitment to seeking external funds we achieved a healthy surplus, met our income generation targets Our YIF grant enabled us to recover costs against salaries and spaces that were out of use whilst the work continued. The Powerhouse is now in a strong position to both attract and manage large grants, become contract ready and manage more diverse income streams. We have worked with a funding specialist to submit several bids this year to address the deficit operating budget 2025/26 and our Youth work project. Unfortunately many funding streams paused for review at a key time leaving limited options. In May 2025 the CEO was approached by the Albert Gubay Foundation and was invited to apply to their closed funding round. This was a privilege and demonstrated all the positive work in ensuring the Powerhouse’s reputation had strengthened over the last 5 years had paid off. The Powerhouse was successful in securing 3 years match funding for youth work totalling 289,930. This opportunity that has resulted in capital renovations and a steadfast growth in the staff team does impact on our operating model and sustainability. Investment in specialist fundraising support has been planned for 2024/25 to ensure our new youth service, if successful, can continue to be funded over the coming years.
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## MOSS SIDE MILLENNIUM POWERHOUSE LIMITED TRUSTEES’ AND DIRECTORS’ ANNUAL REPORT FOR THE YEAR ENDED MARCH 31 2025
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 has developed from previous years. We now need to focus on income generation from our Ad-hoc spaces by focusing on marketing. We are also focusing on building relationships with businesses to support fundraising and social value requests. There is still some progress to be made to close funding gaps and the team is working hard to introduce savings and seek opportunities. Due to a steady increase in income and tighter financial management the charity now has 6 months reserves.
## **Team**
Our CEO continues to lead our team with energy and passion and most importantly has continued to champion the Powerhouse at every opportunity. She was invited to The Royal Garden Party at Buckingham Palace to recognise her contribution to the sector, Promoting the positive work of the organisation. We hosted a global visit seeing 30 young people from all over the world visit the Powerhouse which was a great honour and the CEO shared the journey and the purpose of the Powerhouse. The reputation of the Powerhouse is that of a reliable and connected service deliverer and a home for the community and partnerships. We have a strong Business and Finance Manager who is a Chartered Certified Accountant and a member of ACCA. We have recruited a new Operations Manager in 2025 to support and develop the team, organising and refining the operations and systems in the Powerhouse. The Youth and Community Development Manager has left us in 2025 and we are in the process of recruitment. We currently have an interim Manager who is making progress and cementing the team after an unsettling period. The Youth team deliver internal and detached youth work continuing to focus on the needs of local young people using the youth work curriculum to informally educate. We continue to support staff to achieve Youth work qualifications and work with local partners to ensure a high standard of knowledge and expertise is present within staff teams.
## **Partners**
We extend our heartfelt gratitude to our corporate sponsors ANS, Dalkia and Henry Blu for their unwavering support and commitment to our mission. Your generous contributions have been instrumental in helping us to deliver the services that children and young people need and ask for, and those, which can be difficult for some funders to support. The fundraising efforts of your teams, especially around Christmas time, truly make a difference. Our Social Landlords, MSV and One Manchester have continued to support us both financially and through expertise.
We continue to work with partners to ensure we have a varied offer for children and young people. Our holiday provision is delivered in house with support and continues to be popular and well attended. We continue to lead a funded partnership to support smaller youth organisations and secure extra activity within the Powerhouse.
The Powerhouse has a partnership with the NHS to support the Neighbourhood Health Champion (NHC) Volunteer Programme. This has grown and developed and brought more volunteers into the Powerhouse and focuses on the local health inequalities.
We bring the community together annually with a festive celebration funded by partners to offer a warm fun environment where families can come and enjoy some festive cheer. This has grown significantly over the years and now has around 430 people attending.
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 growing team who have continued to deliver and improve our offer through very difficult times.
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MOSS SIDE MILLENNIUM POWERHOUSE LIMITED TRUSTEES’ AND DIRECTORS’ ANNUAL REPORT FOR THE YEAR ENDED MARCH 31 2025
We are committed to working with our partners to address any concerns early and to find ways to acknowledge and appreciate their continued support:
|**Central Youth Partnership**|**Tenants**|**Frequent Hirers**|
|---|---|---|
|Families Against Violence|Career Connect - Targeted Youth Support
Service|Flava Netball|
|KYSO Project CIC|Emerge (NHS) - mental health services for
16 and 17 year olds|Stride UK|
|Hideaway|Manchester City Council (MCC) Library|Greater Manchester
Immigration Aid Unit|
|TrinityHouse|Manchester LeavingCare|HongKongers Basketball|
|Odd Arts||Revelation Church|
|Sense services|Thrive in Education (NHS)|Ballers Netball Club|
|National Spiritual Assembly
of the BAHA'IS of the United
Kingdom|
National Spiritual Assembly of the BAHA'IS
of the United Kingdom|Kumon|
||MFT Social Communication Pathway
(NHS) left November 25|CAHN|
||Ihsaan International|Brighter Futures|
||FS TrainingConsultancy|MSV Housing|
|||CITC|
We are proud to work alongside organisations that share our vision for a better future. Thank you for making a meaningful difference in the lives we serve.
## **Social Value**
Our aim to maximise Social Value contributions from suppliers and business has been successful. Thanks to Dalkia Uk and ANS for supporting care leavers and young carers at Christmas time. One Manchester for supplying and fitting a new kitchen to our Art Room, supplying surplus office furniture and for expert hours from a solicitor.
## **Capital Programme**
The capital project was completed in December 2024 and was a steep learning curve for the organisation. Without the Project Manager who has continued to support Pro Bono after the completion of the project, the organisation would have struggled. This is due to the expertise needed to oversee such a large project and the YIF being a particularly complex funding and monitoring model. The work on the building has given it a fresh modern feel and has massively impacted on the EPC taking it from an E to a C. We are now generating our own energy for part of the day and the extensive insulation and window and door replacement has made the building feel a lot warmer.
The future capital works required need funding identifying to realise all the improvements required to further improve the M and E, the Washroom facilities and continue the journey to a more sustainable future.
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MOSS SIDE MILLENNIUM POWERHOUSE LIMITED TRUSTEES’ AND DIRECTORS’ ANNUAL REPORT FOR THE YEAR ENDED MARCH 31 2025
## **FINANCIAL REVIEW**
## **Overview**
We report a surplus of £1,939,838 on unrestricted reserves before transfers.
## **Risk management**
Following the successful delivery of our youth services funded through the Youth Investment Fund (YIF), the Trustees recognise the ongoing risk associated with maintaining this provision once the YIF funding period ends. Continuation of our youth delivery is essential to meeting the needs of young people in our community; however, it requires securing sustainable long-term funding. To mitigate this risk, the Trustees have implemented a proactive fundraising strategy focused on diversifying income streams and securing multi-year support. We are pleased to report that the charity has successfully secured three-year match funding from the **Albery Gubay Foundation (AGF)** , which significantly reduces financial uncertainty and supports the continuation and stability of our youth work. The Trustees will continue to prioritise securing additional funding to ensure that youth provision remains resilient and sustainable beyond the current funding commitments.
We have continued to strengthen our financial position and manage our reserves, although by expanding into the delivery of youth services, we recognise the need to review our business model. We expect to produce a new business plan in 2025/26, alongside reviewing policies and procedures (Delegation of Authority, Corporate and Programme Risk Registers, Maintenance Schedule, Procurement, Working Practices etc.), to ensure a comprehensive approach to risk management, particularly as we begin to scale and diversify our operations.
## **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 income streams through long term office space, ad-hoc room hire and contributions from partner agencies, which contributes sizeably to our unrestricted income.
The principal funding source for 2024/25 has derived from a Youth Investment Fund (YIF) multi-year grant award totalling £2.78m from the Social Investment Business Foundation that started from October 2023.
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.
## **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 £137,104 to £274,207. The increase in core operating costs is linked to an increase in cost across the board including the employment of a permanent Operations Manager.
The free reserves as at March 31 2025 were £370,420 exceeding the set range. The total reserves £4,827,816 (2024: £2,822,085). £47,010 was allocated against a Building, Office and IT Infrastructure and Improvements Designated Fund.
The directors are committed to maintain adequate capital and keep the reserves position under review.
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MOSS SIDE MILLENNIUM POWERHOUSE LIMITED TRUSTEES’ AND DIRECTORS’ ANNUAL REPORT FOR THE YEAR ENDED MARCH 31 2025
## **FUTURE PLANS**
In 2022/23 the trustees agreed a strategic plan for the Powerhouse with 6 clear aims:
1. Completing phase 1 of a capital refurbishment of the Powerhouse.
2. Sustaining our Service Offer and funding our youth programme
3. Refining Processes and introducing a CRM system
4. Planning further phases of refurbishment needed for decarbonisation
5. Board Review and Development
6. Youth Voice
Significant achievements have been delivered in this year to deliver against the above aims. Further work described below will support us to continue to deliver against these original aims:
Aim 1 – Explore Phase 2 of decarbonisation
Aim 2 – Youth services will continue adapting to the local needs of young people and reviewed, with further fundraising plans executed to sustain the service offer longer-term
Aim 3 – Business planning and organisational development activity will be undertaken to manage continued risks and to strengthen our systems, policies and procedures to underpin our foundations during this period of organisational growth.
Aim 4 – Additional planning work will be undertaken to consider future phases of infrastructure development and movement towards decarbonisation.
Aim 5 – Further trustee recruitment and away days will be planned to strengthen the organisation’s approach to governance and board engagement.
Aim 6 – Youth Voice work has been delivered throughout 24/25 with varying degrees of success. This will include us reviewing how we engage children and young people in decision making, and ensure their contributions are valued.
We will take an iterative approach to our planning and delivery of activities to deliver against our aims. We will also consider our approach to evaluation and consultation.
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MOSS SIDE MILLENNIUM POWERHOUSE LIMITED TRUSTEES’ AND DIRECTORS’ ANNUAL REPORT FOR THE YEAR ENDED MARCH 31 2025
## **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. The Articles of Association will be updated in the next financial year to better reflect governance arrangements as we continue to develop, which includes a review of trustee appointment processes, training, and delegated powers.
## **Appointment of trustees**
The trustees are appointed as follows:
The trustees appointed by the Directors hold office for a period of three years and are eligible for election for a further maximum three-year term.
Any trustees appointed by the members in an annual 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.
## **Organisation**
The Board, which must not be less than three members and not more than twelve, 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 Board of directors will implement a new Delegation of Authority in 2025/26 as part of their governance review. Executive control was exercised by the Board or individual Trustees under delegated authority. The day-to-day operations of the Charity are the responsibility of the CEO who reports to the trustees.
## **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:
- elect 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.
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## MOSS SIDE MILLENNIUM POWERHOUSE LIMITED TRUSTEES’ AND DIRECTORS’ ANNUAL REPORT FOR THE YEAR ENDED MARCH 31 2025
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:
John Egerton, Trustee
John Egerton, Director 16 / 12 / 2025 Erinma Bell, Trustee Date
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## **Independent auditor’s report to the members of Moss Side Millennium Powerhouse**
## **Opinion**
We have audited the financial statements of Moss Side Millennium Powerhouse (the charitable company for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 _The Financial Reporting Standard applicable in the UK and Republic of Ireland_ (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements:
• give a true and fair view of the state of the charitable company’s affairs as at 31 March 2025 and of the incoming resources and application of resources, including its income and expenditure, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
• have been prepared in accordance with the requirements of the Companies Act 2006.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## **Conclusions relating to going concern**
In auditing the financial statements, we have concluded that the directors’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
## **Other information**
The other information comprises the information included in the trustees’ report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
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## **Independent auditor’s report to the members of Moss Side Millennium Powerhouse**
## **Opinions on other matters prescribed by the Companies Act 2006**
In our opinion, based on the work undertaken in the course of the audit:
• the information given in the trustees’ report, which includes the directors’ report prepared for the purposes of company law, for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the directors’ report included within the trustees’ report has been prepared in accordance with applicable legal requirements.
## **Matters on which we are required to report by exception**
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report included within the trustees’ report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requir ~~es~~ us to report to you if, in our opinion:
- adequate and proper accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of trustees’ remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
• the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies’ exemptions in preparing the trustees’ report and from the requirement to prepare a strategic report.
## **Responsibilities of trustees**
As explained more fully in the trustees’ responsibilities statement set out on page 7, the trustees (who are 8 also directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
## **Auditor’s responsibilities for the audit of the financial statements**
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.
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## **Independent auditor’s report to the members of Moss Side Millennium Powerhouse**
## **Capability of the audit in detecting irregularities, including fraud**
Based on our understanding of the charitable company and environment in which it operates, we identified the principal risks of non-compliance with laws and regulations related to pension legislation, tax legislation, employment legislation, health and safety legislation, and other legislation specific to the industry in which the charitable company operates, and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006, the reporting requirements under the Charities SORP and FRS102, and the Charities Act 2011.
We evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to:
- Posting manual journal entries to manipulate financial performance; and
- Management bias through judgements and assumptions in significant accounting estimates and significant one-off or unusual transactions.
Our audit procedures were designed to respond to those identified risks, including non-compliance with laws and regulations (irregularities) and fraud that are material to the financial statements. Our audit procedures included but were not limited to:
Compliance with laws and regulations:
- Discussions with management including consideration of known or suspected instances of non-compliance with relevant laws and regulations;
- Communicating identified laws and regulations throughout our engagement team and remaining alert to any indications of non-compliance throughout our audit;
- Review minutes of meetings for issues relating to non-compliance;
- Reviewing both the design and implementation of key policies, including safeguarding.
Material Fraud in the financial statements:
- Making enquiries of management and those charged with governance on whether they had any knowledge of any actual, suspected or alleged fraud;
- Gaining an understanding of the internal controls established to mitigate risks related to fraud;
- Discussing amongst the engagement team the risks of fraud;
- Addressing the risks of fraud through management override of controls by performing journal entry testing; and
- Challenging assumptions and judgments made by management, including reviewing management’s recognition of income in line with FRS102 SORP.
There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
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## **Independent auditor’s report to the members of Moss Side Millennium Powerhouse**
## **Use of the audit report**
This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and, the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
## P Worrello
Patrick Morrello (Senior Statutory Auditor)
For and on behalf of: Third Sector Accountancy Limited, Statutory Auditor Holyoake House Hanover Street Manchester M60 0AS
Date 24 / 12 / 2025
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## **Moss Side Millenium Powerhouse**
## **Statement of Financial Activities including Income and Expenditure account for the year ended 31 March 2025**
|Note
**Income from:**
Donations and legacies
3
Charitable activities
4
Other trading income
5
Investment income
6
**Total income**
**Expenditure on:**
Cost of raising funds
7
Charitable activities
8
**Total expenditure**
Transfer between funds
**Net movement in funds for the year**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**
**Net income/(expenditure) for the**
**year**|Unrestricted
funds
£
14,659
363,968
12,000
10,717
**401,344**
81,472
253,978
**335,450**
**65,894**
1,808,977
**1,874,871**
2,753,844
**4,628,715**|Restricted
funds
£
1,914,042
522,614
-
-
**2,436,656**
-
496,818
**496,818**
**1,939,838**
(1,808,977)
**130,861**
68,241
**199,102**|Total funds
2025
£
1,928,701
886,582
12,000
10,717
**2,838,000**
81,472
750,796
**832,268**
**2,005,732**
-
**2,005,732**
2,822,085
**4,827,817**|_Unrestricted_
_funds_
_£_
_1,606_
_367,950_
_18,313_
_7,425_
**_395,294_**
_60,690_
_379,727_
**_440,417_**
**_(45,123)_**
_270,045_
**_224,922_**
_2,528,922_
**_2,753,844_**|_Restricted_
_funds_
_£_
_270,045_
_240,784_
_-_
**_510,829_**
_-_
_258,178_
**_258,178_**
**_252,651_**
_(270,045)_
**_(17,394)_**
_85,635_
**_68,241_**|_Total funds_
_2024_
_£_
_271,651_
_608,734_
_18,313_
_7,425_
**_906,123_**
60,690
_637,905_
**_698,595_**
**_207,528_**
_-_
**_207,528_**
_2,614,557_
**_2,822,085_**|
|---|---|---|---|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
14
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## **Moss Side Millenium Powerhouse Company Number 3802430**
## **Balance sheet as at 31 March 2025**
|Note|Note||2025|||_2024_||
|---|---|---|---|---|---|---|---|
|||£||£|_£_||_£_|
|**Fixed assets**||||||||
|Tangible assets|14|||4,258,295|||_2,471,405_|
|**Total fixed assets**||||**4,258,295**|||**_2,471,405_**|
|**Current assets**||||||||
|Debtors|15|77,865|||_44,197_|||
|Cash at bank and in hand||534,506|||592,851|||
|**Total current assets**||**612,371**|||**_637,048_**|||
|Creditors: amounts falling||||||||
|due in less than one year|16|(42,849)|||_(286,368)_|||
|**Net current assets**||||**569,522**|||**_350,680_**|
|**Total assets less current liabilities**||||4,827,817|||_2,822,085_|
|**Net assets**||||**4,827,817**|||**_2,822,085_**|
|**The funds of the charity:**||||||||
|Restricted income funds||||199,102|||_68,241_|
|Unrestricted, designated income funds||||4,258,295|||_2,518,415_|
|Unrestricted income funds||||370,420|||_235,429_|
|**Total charity funds**||||**4,827,817**|||**2,822,085**|
For the year in question, the company was entitled to exemption from an audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006,
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts are prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small companies and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the company.
The notes on pages 17 to 33 form part of these accounts.
Approved by the trustees and signed on their behalf by:
**----- Start of picture text -----**
Gob Egerton
**----- End of picture text -----**
Erinma Bell, Trustee 16 / 12 / 2025
John Egerton, Trustee
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## **Moss Side Millenium Powerhouse**
## **Statement of Cash Flows for the year ending 31 March 2025**
|Note
**Cash provided by/(used in) operating activities**
24
_Cash flows from investing activities:_
Dividends, interest, and rents from investments
Purchase of tangible fixed assets
**Cash provided by/(used in) investing activities**
Cash and cash equivalents at the beginning of the year
**Cash and cash equivalents at the end of the year**
Increase/(decrease) in cash and cash
equivalents in the year|2025
£
**1,744,115**
10,717
(1,813,177)
**(1,802,460)**
(58,345)
592,851
**534,505**|_2024_
_£_
**_490,081_**
_7,425_
_(270,045)_
**_(262,620)_**
227,461
_365,390_
**_592,851_**|
|---|---|---|
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Doc ID: f1a2f1a943c3c1595d667e87d3784778f268170f
**Moss Side Millenium Powerhouse**
## **Notes to the accounts for the year ended 31 March 2025**
## **1 Accounting policies**
The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
## **a Basis of preparation**
The financial statements have been prepared in accordance with 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 (FRS 102) issued in October 2019 - (Charities SORP (FRS 102), and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Moss Side Millenium Powerhouse meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.
The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £ sterling.
## **b Judgments and estimates**
The trustees have made no key judgments which have a significant effect on the accounts. The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next reporting period.
## **c Preparation of the accounts on a going concern basis**
The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern.
## **d Income**
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
Income received in advance of a provision of a specified service is deferred until the criteria for income recognition are met.
## **e** Donated services and facilities
- Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised; refer to the trustees’ annual report for more information about their contribution.
On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
17
**Moss Side Millenium Powerhouse**
## **Notes to the accounts for the year ended 31 March 2025 (continued)**
## **e Interest receivable**
- Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.
## **f Fund accounting**
Unrestricted funds are available to spend on activities that further any of the purposes of
h it Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose.
Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work or for specific projects being undertaken by the charity.
## **g 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 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 comprise the costs of fundraising and the associated support
- Expenditure on charitable activities includes the costs undertaken to further the purposes of the charity and their associated support costs.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
## **h Allocation of support costs**
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the charity's programmes and activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities. The bases on which support costs have been allocated are set out in note 5.
## **i Operating leases**
Operating leases are leases in which the title to the assets, and the risks and rewards of ownership, remain with the lessor. Rental charges are charged on a straight line basis over the term of the lease.
## **j Tangible fixed assets**
Individual fixed assets costing £500 or more are capitalised at cost and are depreciated over their estimated useful economic lives as follows:
|Long leasehold land and buildings|0.8% p.a|
|---|---|
|Fixtures, Furnitures and Fittings|25% p.a|
|Office equipment|40% p.a|
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**Moss Side Millenium Powerhouse**
**Notes to the accounts for the year ended 31 March 2025 (continued)**
## **k Debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **l Cash at bank and in hand**
Cash at bank and cash 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.
## **m 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 after allowing for any trade discounts due.
## **l Financial instruments**
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## **n Pensions**
Employees of the charity are entitled to join a defined contribution ‘money purchase’ scheme. The charity’s contribution is restricted to the contributions disclosed in note 11. There were no outstanding contributions at the year end. The costs of the defined contribution scheme are included within support and governance costs and allocated to the funds of the charity using the methodology set out in note 5.
## **2 Legal status of the charity**
The charity is a company limited by guarantee registered in England and Wales and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The registered office address is disclosed on page 1.
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## **Moss Side Millenium Powerhouse**
## **Notes to the accounts for the year ended 31 March 2025 (continued)**
## **3 Income from donations and legacies**
|Donation income
Donations in kind
Capital grant income
**Income from charitable activities**
Grants
Rent and room hire|Unrestricted
£
4,979
9,680
-
14,659
Unrestricted
£
111,556
252,412
363,968|Restricted
£
-
1,914,042
1,914,042
Restricted
£
522,614
-
522,614|Total 2025
£
4,979
9,680
1,914,042
1,928,701
Total 2025
£
634,170
252,412
886,582|_Unrestricted_
_£_
_1,606_
_-_
_-_
_1,606_
_Unrestricted_
_£_
_110,997_
_256,953_
_367,950_|_Restricted_
_£_
_-_
_-_
_270,045_
_270,045_
_Restricted_
_£_
_240,784_
_-_
_240,784_|_Total 2024_
_£_
_1,606_
_-_
_270,045_
_271,651_
_Total 2024_
_£_
_351,781_
_256,953_
608,734|
|---|---|---|---|---|---|---|
## **4 Income from charitable activities**
Government grants recognised in the accounts totalled £2,505,089 (included in notes 3 and 4). There were no unfulfilled conditions relating to these grants.
20
## **Moss Side Millenium Powerhouse**
## **Notes to the accounts for the year ended 31 March 2025 (continued)**
## **5 Income from other trading activities**
|Other income|Unrestricted
£
12,000
12,000|Restricted
£
-
-|Total 2025
£
12,000
12,000|_Unrestricted_
_£_
18,313
18,313|_Restricted_
_£_
_-_
-|_Total 2024_
_£_
_18,313_
18,313|
|---|---|---|---|---|---|---|
## **6 Investment income**
All of the charity's investment income arises from money held in interest bearing deposit accounts. All investment income is unrestricted.
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## **Moss Side Millenium Powerhouse**
## **Notes to the accounts for the year ended 31 March 2025 (continued)**
## **7 Analysis of expenditure on cost of raising funds**
|Staff costs
Support costs (see note 9)
Governance costs (see note 9)
**alysis of expenditure on charitable activities**
Staff costs
Events
Project costs
Other expenditure
Seconded, freelance and other staff
Staff recruitment, training & other costs
Depreciation
Property and security costs
Irrecoverable VAT
Support costs (See note 9)
Governance costs (see note 9)|2025
£
53,609
25,956
1,907
81,472
2025
£
196,566
6,714
248,734
-
1,150
3,830
26,287
158,742
(2,680)
103,826
7,627
750,796|_2024_
_£_
_39,295_
_21,028_
_367_
_60,690_
_2024_
_£_
_144,081_
_2,613_
_183,213_
_519_
_1,750_
_7,828_
_28,961_
_129,655_
_60,834_
_77,105_
_1,346_
_637,905_|
|---|---|---|
- **8 Analysis of expenditure on charitable activities**
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**Moss Side Millenium Powerhouse**
**Notes to the accounts for the year ended 31 March 2025 (continued)**
## **9 Analysis of governance and support costs**
## _**Support costs:**_
|Staff costs
Consultancy and Legal
Bank charges
Office costs
Other expenditure
Staff recruitment, training & other costs
**_Governance costs:_**
Accountancy fees
**10**
**Net income/(expenditure) for the year**
This is stated after charging/(crediting):
Depreciation
Operating lease rentals:
Equipment
Accountancy fees - Independent examiner fees
Audit Fees
Accountancy fees - other fees|2025
£
107,218
12,429
69
8,358
-
1,708
129,782
2025
£
9,534
9,534
2025
£
26,287
2,880
-
5,500
-|_2024_
_£_
_78,590_
_1,305_
_60_
_8,252_
_6,409_
_3,517_
_98,133_
_2024_
_£_
_1,713_
_1,713_
_2024_
_£_
_28,961_
_480_
_415_
_-_
_1,585_|
|---|---|---|
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## **Moss Side Millenium Powerhouse**
## **Notes to the accounts for the year ended 31 March 2025 (continued)**
## **11 Staff costs**
Staff costs during the year were as follows:
2025 _2024_ £ _£_ Wages and salaries 328,716 243,669 Social security costs 22,070 14,082 Pension costs 6,607 4,215 357,393 _261,966_ **Allocated as follows:** Cost of raising funds 53,609 _39,295_ Charitable activities 196,566 _144,081_ Support costs 107,218 _78,590_ 357,393 261,966
No employees had employee benefits in excess of £60,000 (2024: Nil).
The average monthly number of staff employed during the period was 15 (2024: 14).
The key management personnel of the charity comprise the trustees, the CEO, Business and Finance Manager & Operations Manager. The total employee benefits of the key management personnel of the charity were £138,119 (2024: £114,035).
## **12 Trustee remuneration and expenses, and related party transactions**
No trustees claimed any expenses (2024: Nil).
There were no donations from related parties which are outside the normal course of business and no restricted donations from related parties. (2024: Nil)
Erinma Bell is a Trustee. During the year, a child of Erinma Bell's is employed by Moss Side Millenium Powerhouse. As part of their employment, they were paid salary costs totalling £24,074. No other remuneration was received by any trustee or person closely related or connected with them (2024: £2,552).
Rachel Gargill was a member of Key Management Personnel. During the year, the charity purchased computer equipment totalling £6,243 from First4Tech Limited where her son is a director.
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**Moss Side Millenium Powerhouse**
## **Notes to the accounts for the year ended 31 March 2025 (continued)**
## **13 Corporation tax**
The charity is exempt from tax on income and gains falling within Chapter 3 of Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.
## **14 Fixed assets: tangible assets**
|**Cost**
Additions
**Depreciation**
Charge for the year
**Net book value**
**Debtors**
Trade debtors
Staff loans
Accrued income and prepayments
VAT Debtor
_At 31 March 2024_
At 31 March 2025
At 1 April 2024
At 31 March 2025
At 31 March 2025
At 1 April 2024|Long
Leasehold
Property
£
3,166,174
1,797,523
4,963,697
694,769
23,169
717,938
4,245,759
_2,471,405_|Fixtures,
Furniture &
Equipment
£
224,313
15,654
239,967
224,313
3,118
227,431
12,536
_-_
2025
£
66,415
-
11,450
-
77,865|Office
Equipment
£
31,414
-
31,414
31,414
-
31,414
-
_-_
_2024_
_£_
_24,315_
_261_
_13,681_
_5,940_
_44,197_|£
3,421,901
1,813,177
5,235,078
950,496
26,287
976,783
4,258,295
_2,471,405_
Total|
|---|---|---|---|---|
## **15 Debtors**
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## **Moss Side Millenium Powerhouse**
## **Notes to the accounts for the year ended 31 March 2025 (continued)**
## **16 Creditors: amounts falling due within one year**
|Trade creditors
Accruals
Deferred income
VAT Provision|2025
£
8,774
21,106
4,316
8,653
42,849|_2024_
_£_
_231,799_
_13,612_
_22,542_
_18,415_
_286,368_|
|---|---|---|
## **17 Deferred Income**
|Deferred Grant income:
MCC - Youth and Play Hub
NHC Funding
Other deferred income|2025
£
-
-
4,316
4,316|_2024_
_£_
88,000
14,284
(79,742)
_22,542_|
|---|---|---|
## **18 Contingent Liability**
The Youth Investment Fund Capital grant (Circa £2.1m at 31st March 2025 but will total £2.14m at completion) is subject to an "asset liability period" of 10 years from completion. Whilst the likelihood of clawback of the funding is considered low, it is possible.
After the year end a former employee started legal proceedings in relation to their resignation prior to the year end. This means that the charity may incur legal and other costs, the amount of which is yet to be determined.
## **19 Capital Commitments**
As at 31 March 2025 the company had contracted building works amounting to £41,253 (2024: £1,347,501).
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## **Moss Side Millenium Powerhouse**
## **Notes to the accounts for the year ended 31 March 2025 (continued)**
## **20 Analysis of movements in restricted funds**
## **Current reporting period**
|Total
Bike Project
Manchester NHS - SCAC
Other grants
Community Garden
MCC - Easter Play Scheme
MCC - Central Youth
Partnership
MCC/Other - Garden
16 weeks craft session
Feb HAF
MCC cultural dance and
nutrition
School leavers activities
Xmas event
HAF Summer
MCC Y&P
Skate Camp
Youth Investment Fund -
Capital grant
Youth Investment Fund -
Revenue grant
Community Fund
Youth Investment Fund -
Detached|Balance
at 1 April
2024
£
-
2,353
3,404
2,296
445
983
1,000
973
1,194
680
-
6,975
4,454
43,484
68,241|Income
£
2,983
-
-
-
94,465
-
975
(1,194)
91,547
247,591
1,914,042
45,474
20,850
500
1,907
17,516
2,436,656|Expenditure
£
(2,983)
-
(65,685)
(975)
(680)
(91,547)
(6,975)
(253,381)
(43,480)
(11,189)
(500)
(1,907)
(17,516)
(496,818)|Transfers
£
(2,353)
(3,404)
(2,296)
(445)
(983)
(1,000)
(973)
-
-
-
-
(1,797,523)
(1,808,977)|Balance at
31 March
2025
£
-
-
-
-
28,780
-
-
-
-
-
-
-
(1,336)
160,003
1,994
9,661
-
-
199,102|
|---|---|---|---|---|---|
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## **Moss Side Millenium Powerhouse**
## **Notes to the accounts for the year ended 31 March 2025 (continued)**
## **20 Analysis of movements in restricted funds (continued)**
## _**Previous reporting period**_
|_Total_
_Other grants_
_SEND Young Manchester_
_Community Garden_
_16 weeks craft session_
_Community organisation_
_MCC - Easter Play_
_Scheme_
_MCC - Central Youth_
_MCC/Other - Garden_
_MCC - Other_
_Bike Project_
_Manchester NHS - SCAC_
_MCC Y&P for Q4_
_National playday_
_NHC_
_Skate Camp_
_HAF play fund_
_Feb HAF_
_Oct HAF_
_Hate crime awareness_
_MCC cultural dance and_
_The Blair project_
_Youth Led community_
_Youth Investment Fund -_
_Youth Investment Fund -_|_Balance_
_at 1_
_April_
_2023_
_£_
_6,356_
_50,000_
_6,014_
_2,242_
_4,579_
_14,125_
_2,319_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_85,635_|_Income_
_£_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_1,500_
_1,000_
_973_
_30,000_
_18,183_
_4,952_
_3,069_
_1,000_
_1,900_
_29,143_
_500_
_10,029_
_16,147_
_920_
_10,000_
_67,984_
_313,529_
_510,829_|_Expenditure_
_£_
_(6,356)_
_(47,647)_
_(2,610)_
_-_
_(2,283)_
_(13,680)_
_(1,336)_
_(1,500)_
_-_
_-_
_(30,000)_
_(18,183)_
_(3,758)_
_(3,069)_
_(1,000)_
_(1,220)_
_(29,143)_
_(500)_
_(12,271)_
_(9,172)_
_(920)_
_(10,000)_
_(63,530)_
_-_
_(258,178)_|_Transfers_
_£_
_-_
_-_
_-_
_(2,242)_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_2,242_
_-_
_-_
_-_
_-_
_(270,045)_
_(270,045)_|_Balance at_
_31 March_
_2024_
_£_
_-_
_2,353_
_3,404_
_-_
_2,296_
_445_
_983_
_-_
_1,000_
_973_
_-_
_-_
_1,194_
_-_
_-_
_680_
_-_
_-_
_-_
_6,975_
_-_
_-_
_4,454_
_43,484_
_68,241_|
|---|---|---|---|---|---|
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**Moss Side Millenium Powerhouse**
**Notes to the accounts for the year ended 31 March 2025 (continued)**
## **20 Analysis of movements in restricted funds (continued)**
|**Name of**
**restricted fund**|**Description, nature and purposes of the fund**|
|---|---|
|MCC - Easter Play Scheme|Enriching holiday activities and nutritious meals for children and young|
||people aged 5 to 16 who are eligible for benefits-related free school|
||meals|
|MCC - Central Youth|Central Youth Partnership grant|
|Partnership||
|MCC/Other - Garden|Sustainable gardening, focusing on waste repurposing, carbon capture,|
||soil health, pollinator ecosystems, and reducing carbon footprints.|
|Bike Project|Bicycle maintenance and renovation workshops|
|Manchester NHS - SCAC|Recruiting and supporting an NHC scheme coordinator and 40|
||volunteers, managing funds to address local and citywide health|
||priorities, evaluating project impacts and operations, and securing|
|NHC|additional funding to ensure continuity, expansion, and community|
||ownership.|
|SEND Young Manchester|Support youth-led activities that amplify youth voices, promotes social|
||action, and strengthen community engagement for disabled and/or|
||neuro-divergent young people.|
|Community Garden|Sustainable gardening, focusing on waste repurposing, carbon capture,|
||soil health, pollinator ecosystems, and reducing carbon footprints. Key|
||activities include rainwater harvesting, composting, vertical growing,|
||and demoing affordable eco-friendly techniques.|
|16 weeks craft session|Crafting course for children and young people|
|Community organisation|Supporting families impacted by the cost-of-living crisis.|
|HAF play fund|Enriching holiday activities and nutritious meals for children and young|
||people aged 5 to 16 who are eligible for benefits-related free school|
||meals|
|Feb HAF|Supporting the Department of Education’s holiday activities, including|
||healthy eating to prevent holiday hunger and physical activities.|
|Oct HAF|As above|
|Hate crime awareness|Promoting inclusivity and understanding, reducing hate crimes, and|
||providing resources for young people and families through interactive|
||displays, social media outreach, and advice.|
|MCC cultural dance and|Facilitating cultural dance and exercise sessions and nutrition|
|nutrition|workshops.|
|MCC Y&P for Q4|Coordinate and deliver with partners, open access youth and play|
||provision across Moss Side, Hulme, and Fallowfield.|
|National playday|Promote play with activities including arts and crafts, sports, and|
||storytelling.|
## **Transfers**
During the period £1797523 was spent from a retricted fund on fixed assets which were capitalised; the assets themselves are available for the general purposes of the charity and so are not restricted. That amount was therefore transferred to unrestricted funds.
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**Moss Side Millenium Powerhouse**
**Notes to the accounts for the year ended 31 March 2025 (continued)**
## **20 Analysis of movements in restricted funds (continued)**
**Name of Description, nature and purposes of the fund restricted fund** Skate Camp Host Skate Camp, which will facilitate circus, forest school and den building, carpentry, graffiti arts, freestyle rap and acrobatics, alongside skateboarding. The Blair project Encouraging Science, Technology, Engineering and Mathematics (STEM), including science activities for children aged 6–13, focusing on climate change and sustainability. Youth Led community safety grant The funding will support detached youth work to engage young people in parks and streets, particularly those affected by violence or aggressive behaviours, fostering trust and relationships to encourage participation in existing prosocial activities and inform the development of new programs at Moss Side Millennium Powerhouse. Creating a more environmentally sustainable youth facility. Delivering Youth Investment Fund - decarbonisation efforts, including energy efficiency upgrades (such as Revenue grant insulation, replacement of doors and windows), and transitioning to renewable energy sources. Organisational strengthening activities, including business planning, business development and income diversification, environmental sustainability, strengthening the quality of youth work skills and provision, and developing a Target Operating Model. Youth Investment Fund - Partnership strengthening activities, including training and facilitation to Capital grant improve support for young people and families affected by violent crime. Expansion and delivery of youth work, including centre-based, targeted and/or detached youth work, to support children and young people, with a specific focus on wellbeing and life skills.
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## **Moss Side Millenium Powerhouse**
## **Notes to the accounts for the year ended 31 March 2025 (continued)**
## **21 Analysis of movement in unrestricted funds**
## **Current period**
|_Designated funds:_
Property reserve
**_Prior period_**
_General fund_
Total unrestricted
funds
General fund|Balance at
1 April
2024
£
2,753,844
-
2,753,844
_Balance at_
_1 April_
_2023_
_£_
_2,528,922_|Income
£
401,344
-
401,344
_Income_
_£_
_395,294_|Expenditure
£
(335,450)
-
(335,450)
_£_
_(440,417)_
_Expenditure_|Transfers
£
(2,449,318)
4,258,295
1,808,977
_Transfers_
_£_
_270,045_|As at 31
March 2025
£
370,420
4,258,295
4,628,715
_As at 31_
_March 2024_
_£_
_2,753,844_|
|---|---|---|---|---|---|
## **Name of unrestricted fund**
General fund
Building, Office and IT infrastructure and improvements Property reserve
## **Description, nature and purposes of the fund**
The free reserves after allowing for all designated funds To provide for the cost of building improvements to maintain in compliance with Health and Safety and to provide a positive environment for staff, volunteers and our customers. This includes the costs of refurbishing or replacing office furniture and equipment, and/or This reserve is equivalent to the net book value of fixed assets and demonstrates that these funds are not freely available to spend on the operating costs of the charity, and so should not be included in free
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**Moss Side Millenium Powerhouse**
**Notes to the accounts for the year ended 31 March 2025 (continued)**
## **22 Analysis of group net assets between funds**
## **Current reporting period**
|Tangible fixed assets
Net current assets/(liabilities)
Total
**_Previous reporting period_**
_Tangible fixed assets_
_Net current assets/(liabilities)_
_Total_|Unrestricted
funds
_£_
4,258,295
370,420
4,628,715
_Unrestricted_
_funds_
_£_
_2,471,405_
_282,439_
_2,753,844_|Restricted
funds
_£_
-
199,102
199,102
_Restricted_
_funds_
_£_
_-_
_68,241_
_68,241_|Total
£
4,258,295
569,522
4,827,817
_Total_
_£_
_2,471,405_
_350,680_
_2,822,085_|
|---|---|---|---|
## **23 Operating lease commitments**
The charity's total future minimum lease payments under non-cancellable operating leases is as follows for each of the following periods:
|One to five years
Over five years
Less than one year|2025
_2024_
£
_£_
31,120
3,600
138,839
-
8,080
960
178,039
_4,560_
Equipment|
|---|---|
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## **Moss Side Millenium Powerhouse**
## **Notes to the accounts for the year ended 31 March 2025 (continued)**
## **24 Reconciliation of net movement in funds to net cash flow from operating activities**
|**Net income/(expenditure) for the year**
**Adjustments for:**
Depreciation charge
Dividends, interest and rents from investments
Decrease/(increase) in debtors
Increase/(decrease) in creditors
_Net cash provided by operating activities_|2025
£
2,005,732
26,287
(10,717)
(33,668)
(243,519)
**1,744,115**|_2024_
_£_
_207,528_
_28,961_
_(7,425)_
_(4,891)_
_265,908_
**_490,081_**|
|---|---|---|
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