Manningham Project Limited
Charity number 1103020
A company limited by guarantee number 04481358
Annual Report and Financial Statements
for the year ended 31 March 2022
Manningham Project Limited
Annual Report and Financial Statements for the year ended 31 March 2022
| Contents | Page |
|---|---|
| Trustees' report | 2 to 5 |
| Examiner's report | 6 |
| Statement of financial activities | 7 |
| Balance sheet | 8 |
| Notes to the accounts | 9 to 13 |
Prepared by West Yorkshire Community Accountancy Service CIO
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Manningham Project Limited
Trustees' report for the year ended 31 March 2022
Reference and administrative details of the charity, its trustees and advisors
The trustees during the financial year and up to and including the date the report was approved were: Name Position Dates
Position Dates Martin Carter Chair Christine Dawson Vice Chair Mollie Somerville Secretary Joanna Allan Treasurer Heather Grinter Bruce Barnes Catherine Milford
Charity number 1103020 Registered in England and Wales Company number 04481358 Registered in England and Wales Registered and principal address Bankers 203 Lumb Lane Unity Trust Bank Bradford 9 Brindley Place BD8 7SG Birmingham B1 2HB
Independent examiner
Rhys North ACA West Yorkshire Community Accountancy Service CIO Stringer House 34 Lupton Street Leeds LS10 2QW
Structure, governance and management
The charity is a company limited by guarantee and was formed on 9 July 2002. It is governed by a memorandum and articles of association. The liability of the members in the event of the company being wound up is limited to a sum not exceeding £1.
Method of recruitment and appointment of trustees
The trustees of the charity are also the directors for the purposes of company law and are appointed by the members at the AGM.
The Management Committee notes a continuing need to refresh and expand its membership. An aim of the Committee's current strategic review includes finding new members, especially from within the local community.
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Manningham Project Limited
Trustees' report (continued) for the year ended 31 March 2022
Objectives and activities
The charity's objects
To promote the benefit of the inhabitants of Bradford covered by the postal districts of BD8 and BD9 and the neighbourhood thereof, (hereinafter called the "area of benefit") without distinction of sex, sexual orientation, race or of political, religious or other opinions, by associating together the said inhabitants and the local authorities, voluntary and other organisations in a common effort to advance education and to provide advice in the interest of social welfare with the objects of improving the conditions of life for the said inhabitants.
Establish or secure the establishment of a Centre (hereinafter called Manningham Project) and to maintain and manage the same, whether alone or in co-operation with any local authority or other person or body in furtherance of these objects.
The charity's main activities
Manningham Project has provided a free, confidential, comprehensive generalist advice service in the Manningham and Heaton area of Bradford since 1974. We work from our Lumb Lane advice centre and see clients here as well as in multiple outreach locations within the Bradford West area. Volunteers support the advice workers in our core building and enable clients to access computers and online services. We are able to provide a limited appeals service with the option to make referrals and have provided small group courses on topics of help to local residents, such as money management skills.
We have recently introduced a new self-sufficiency coaching service with the aim of helping clients to find solutions to longer term problems that may contribute to their various needs for advice service support.
Public benefit statement
In setting our objectives and planning our activities our trustees have given serious consideration to the Charity Commission’s general guidance on public benefit. In particular we work for the prevention and relief of poverty and the relief of those in need due to financial hardship or other disadvantage through the provision of advice and other practical assistance. This service is available free of charge to all residents of our area of benefit.
Achievements and performance
Advice Services
Manningham Project’s advice services were supported by three continuing sources of funding. The largest contribution was our contract with Citizens Advice Bradford, funded by Bradford Metropolitan District Council. Initially, during the first quarter, the contract provided for twelve advice session per week. Subsequently, in recognition of the high need due to the continuing effects of Covid-19, the Council was able to increase the level of funding to cover fifteen sessions per week, which continued for the remainder of the year. Additional weekly sessions were maintained through the year by Bradford VCS Alliance and, during the first quarter, we benefited from the remainder of the grant previously awarded by the Henry Smith Charity supporting additional advice sessions. Due to pandemic related access restrictions, our usual outreach locations sessions were provided predominantly at our own Advice Centre in Lumb Lane, subject to our appropriate Covid-19 health precautions. These resources enabled us to provide 1,243 client appointments during the year resulting in securing £561,728 for clients and to stabilise £47,200 of debt.
Self-Reliance Programme
In May we received a National Lottery grant for continuing the development of our Self-Reliance Programme. This uses a solution focused coaching approach to help clients to identify goals, to set themselves targets and achieve greater levels of independence and fulfilment. Nine clients were supported during the year all of whom reached the positive outcomes they had been aiming for. Clients were helped in building their confidence for a variety of individual goals such as starting online learning, booking language classes and dealing with housing and other issues. One client was helped to create a manageable exercise programme to overcome depression and another used a troubleshooting approach to address family concerns.
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Manningham Project Limited
Trustees' report (continued) for the year ended 31 March 2022
Achievements and performance (continued)
New website
We launched our new website (www.manninghamproject.org.uk) in November 2021. This now provides active links to our services and the support we can provide and also to a wide range of useful resources, to news items, to job vacancies and to information about our funders, our policies, our staff and our board members.
Looking forward
Bradford Metropolitan District Council has extended our contract with Bradford Citizen’s Advice until March 2023 so that Manningham Project’s funding for 2022/2023 is secure. We continue to develop plans for enlarging our service and we are working to raise funds to achieve this from 2022 onward. We also look forward to being able to respond to the Council’s expected invitation to tender for advice services for the period from April 2023.
Financial review
The net expenditure for the year was £15,120, including net expenditure of £6,203 on unrestricted funds and net expenditure of £8,917 on restricted funds.
While our grant income for 2022-23 is not yet certain we nevertheless hold sufficient reserves for us to continue operating in the coming year. Given this the trustees have reassessed the charity’s ability to continue for at least 12 months from the date that the accounts are approved and conclude that no material uncertainties exist that cast significant doubt on the charity’s ability to continue as a going concern.
Reserves policy
The charity's free reserves, excluding fixed assets, at the year end were £102,061.
Manningham Project will maintain a minimum reserve of £40,000 to cover estimated costs in the event of closure (redundancy payments, lease terminations, clearance and archiving costs and legal and accounting fees). This amount will be reviewed annually.
Existing reserves above this minimum will be held in order to make up anticipated deficits from the organisation’s current activities. As a general guide a level equivalent to three months of annual expenditure above the minimum is considered appropriate for these purposes. This corresponds to £36,800 based on budgeted 2022/2023 expenditure, making a total target reserve of £76,800. The additional reserves held above this level will be used to maintain the level of service during 2022/2023 and to support further fundraising for the further expansion of our service into the future.
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Manningham Project Limited
Trustees' report (continued) for the year ended 31 March 2022
Statement of trustees' responsibilities
The trustees (who are also the directors for the purposes of company law) are responsible for preparing the Trustees report and the financial statements in accordance with the applicable law and UK Accounting Standards.
Company law requires the trustees to prepare financial accounts 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 the year. In preparing these financial statements, the trustees are required to:
select suitable accounting policies and apply them consistently;
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the accounts on a going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (Charities SORP (FRS102)), and in accordance with the special provisions of the Companies Act 2006 relating to small companies.
Approved by the board of trustees on …………..……...…….
Signed: ………………..…………. (Trustee)
Name: ……………..…..………….
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Manningham Project Limited
Independent examiner's report to the trustees of Manningham Project Limited
I report to the charity trustees on my examination of the accounts of the charitable company for the year ended 31 March 2022, which are set out on pages 7 to 13.
Responsibilities and basis of report
As the charity's trustees of the charitable 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 charitable 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 charity's accounts as carried out under section 145 of the Charities Act ('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
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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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
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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
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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.
Signed: …………………………………… Name: Rhys North ACA
Date: …………………….
West Yorkshire Community Accountancy Service CIO
Stringer House 34 Lupton Street Leeds LS10 2QW
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Manningham Project Limited
Statement of Financial Activities
(including summary income and expenditure account) for the year ended 31 March 2022
| Notes 2022 Unrestricted funds £ Income from: Grants and donations (2) 15 Sales and fees 98,465 Other income 777 Bank interest 18 Total income 99,275 Expenditure on: Salaries and on costs (3) 89,897 Training 1,230 Staff expenses 58 Rent and rates 188 Heat, light and water 3,169 Cleaning, repairs and maintenance 259 Printing, postage and stationery 1,216 Insurance 1,595 Telephone and broadband 1,894 IT costs 22 Subscriptions 351 Other expenditure 167 Independent examination 900 Professional fees 3,004 Depreciation 738 Fuel top-ups 675 Bank charges 115 Total expenditure 105,478 Net movement in funds (6,203) Fund balances brought forward 109,738 Fund balances carried forward (4) 103,535 |
2022 Restricted funds £ 25,295 - - - 25,295 11,775 500 - 7,650 - - - - - 3,483 - - - 10,804 - - - 34,212 (8,917) 17,677 8,760 |
2022 Total funds £ 25,310 98,465 777 18 124,570 101,672 1,730 58 7,838 3,169 259 1,216 1,595 1,894 3,505 351 167 900 13,808 738 675 115 139,690 (15,120) 127,415 112,295 |
2021 Total funds £ 86,020 94,698 339 30 181,087 119,226 - 46 7,650 1,825 135 1,283 1,399 1,977 1,238 1,823 1,451 840 12,832 2,645 160 111 154,641 26,446 100,969 127,415 |
|---|---|---|---|
All incoming resources and resources expended derive from continuing activities.
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Manningham Project Limited
Balance sheet
| as at 31 March 2022 2022 Unrestricted £ Fixed assets Tangible assets (5) 1,474 Total fixed assets 1,474 Current assets Debtors and prepayments (6) 8,083 Cash at bank and in hand (7) 107,991 Total current assets 116,074 Current liabilities: amounts falling due within one year Creditors and accruals (8) 14,013 Total current liabilities 14,013 Net current assets 102,061 Net assets 103,535 Funds Unrestricted funds 103,535 Restricted funds - Total funds 103,535 |
2022 Restricted £ - - - 8,760 8,760 - - 8,760 8,760 - 8,760 8,760 |
2022 Total £ 1,474 1,474 8,083 116,751 124,834 14,013 14,013 110,821 112,295 103,535 8,760 112,295 |
2021 Total £ 2,212 2,212 11,075 128,837 139,912 14,709 14,709 125,203 127,415 109,738 17,677 127,415 |
|---|---|---|---|
For the year ending 31 March 2022 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the charitable company to obtain an audit of its accounts for the year in question in accordance with section 476. The trustees (who also the directors for the purposes of company law) acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime and with FRS 102 (effective January 2019).
The financial statements were approved by the board of trustees on …………..……...…….
Signed: ……………...………….…. (Trustee)
Name: ……………..…..………….
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Manningham Project Limited
Notes to the accounts
for the year ended 31 March 2022
1 Accounting policies
Basis of accounting
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared 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 (FRS 102) (effective 1 January 2019) and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102. There has been no change to the accounting policies since last year.
No changes have been made to the accounts for previous years.
Going concern
The trustees are satisfied that there are no material uncertainties about the charity's ability to continue.
Incoming resources
All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to the resources, it is more likely than not that the trustees will receive the resources and the monetary value can be measured with sufficient reliability.
Grants and donations
Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
Where grants are related to performance and specific deliverables, they are accounted for as the charity earns the right to consideration by its performance.
Expenditure and liabilities
Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty.
Taxation
As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.
Tangible fixed assets
Tangible fixed assets costing more than £1,000 are capitalised and included at cost including any incidental expenses of acquisition. Gifted assets are shown at the value to the charity on receipt. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost on a straight line basis over their expected useful economic lives as follows: Fixtures and fittings: Over 5 years straight line
Improvements to leasehold property: Over the life of the lease Computer equipment and software: over 4 years
Pensions
The charity operates a defined contribution scheme for the benefit of its employees. The costs of contributions are recognised in the year they are payable.
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Manningham Project Limited
Notes to the accounts continued
for the year ended 31 March 2022
1 Accounting policies Fund accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
Further explanation of the nature and purpose of each fund is included in the notes to the accounts.
Leases
Rents under operating leases are charged on a straight line basis over the lease term or to an earlier date if the lease can be determined without financial penalty.
| 2 Grants and donations Bradford Metropolitan District Council (BMDC) National Lottery Community Fund (NLCF) Give Bradford - Leeds Community Foundation The Henry Smith Charity Other donations 3 Staff costs and numbers Gross salaries Social security costs Employment allowance Pensions Payroll charges |
2022 Unrestricted funds £ - - - - 15 15 |
2022 Restricted funds £ 15,310 9,985 - - - 25,295 |
2022 Total funds £ 15,310 9,985 - - 15 25,310 2022 £ 95,908 6,702 (4,000) 2,541 521 101,672 |
2021 Total funds £ 24,600 19,780 9,850 29,200 2,590 86,020 2021 £ 111,296 8,058 (4,000) 3,062 810 119,226 |
|---|---|---|---|---|
The average number of employees during the year was 6.3, being an average of 3.2 full time equivalent (2021: 7.5, 4.2 FTE). There were no employees with emoluments above £60,000.
| Defined contribution pension scheme | 2022 | 2021 |
|---|---|---|
| £ | £ | |
| Costs of the scheme to the charity for the year | 2,541 | 3,062 |
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Manningham Project Limited
Notes to the accounts continued
for the year ended 31 March 2022
| Restricted funds Sovereign Health ARK Henry Smith NLCF Self Reliance Programme NLCF Covid-19 Response Fund BMDC Transformation Fund BMDC IT Grant BDMC Community Buildings BDMC Additional Restrictions |
Balance b/f £ 250 500 7,887 4,600 2,740 1,700 - - - 17,677 |
Incoming £ - - - 9,985 - - 3,660 4,000 7,650 25,295 |
Outgoing £ - 500 7,887 11,933 2,740 1,700 1,802 - 7,650 34,212 |
Transfers £ - - - - - - - - - - |
Balance c/f £ 250 - - 2,652 - - 1,858 4,000 - 8,760 |
|---|---|---|---|---|---|
4 Restricted funds
Fund name Purpose of restriction
Sovereign Health Repair to the disabled ramp access. ARK For funding of advice related publications. Henry Smith For funding of advice sessions and running costs. NLCF Self Reliance Programme For developing the charity as an agent for change as part of the self-reliance pilot programme.
NLCF Covid-19 Response Fund To support local communities through COVID-19 crisis.
BMDC Transformation Fund To develop communication strategy, web presence and provide consultation to support work.
BMDC IT Grant
Towards improving the use of communications and information technology in supporting clients.
BDMC Additional Restrictions For consultancy support, facilitation and support to trustees through recruitment process and training in AdvicePro.
BDMC Community Buildings
Towards running costs of the charity's premises.
| Tangible assets Cost At 1 April 2021 Additions At 31 March 2022 Depreciation At 1 April 2021 Charge for year At 31 March 2022 Net book value At 31 March 2022 At 31 March 2021 |
£ 6,964 - 6,964 4,752 738 5,490 1,474 2,212 Computer equipment d |
£ 15,535 - 15,535 15,535 - 15,535 - - Equipment, Fixtures and fitti |
Total £ 22,499 - 22,499 20,287 738 21,025 1,474 2,212 |
|---|---|---|---|
5 Tangible assets
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Manningham Project Limited
Notes to the accounts continued
for the year ended 31 March 2022
| 6 Debtors and prepayments Debtors Prepayments 7 Cash at bank and in hand Cash at bank Cash in hand 8 Creditors and accruals Creditors Taxation and social security Accruals |
2022 £ 7,583 500 8,083 2022 £ 116,456 295 116,751 2022 £ 11,124 1,500 1,389 14,013 |
2021 £ 11,075 - 11,075 2021 £ 128,652 185 128,837 2021 £ 13,633 - 1,076 14,709 |
|---|---|---|
9 Related party transactions
Trustee expenses
No trustee received any expenses during this year or the previous year.
Trustee remuneration and benefits
No trustee received any remuneration or benefit during this or the previous year.
Remuneration and benefits received by key management personnel
The total employee benefits received by key management personnel were £35,804 (previous year: £43,436).
10 Operating leases
| Within one year In the second to fifth years inclusive Expected future minimum lease payments over the remaining life of the lease, analysed into the period in which the commitment falls due: |
2022 £ 676 - 676 |
2021 £ 791 654 1,445 |
|---|---|---|
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Manningham Project Limited
Statement of Financial Activities including comparatives for all funds (including summary income and expenditure account) for the year ended 31 March 2022
| 2022 2021 Unrestricted Unrestricted funds funds £ £ Income Grants and donations 15 12,590 Sales and fees 98,465 94,698 Other income 777 339 Bank interest 18 30 Total income 99,275 107,657 Expenditure Salaries and on costs 89,897 63,418 Training 1,230 - Staff expenses 58 46 Rent and rates 188 - Heat, light and water 3,169 1,825 Cleaning, repairs and maintenance 259 114 Printing, postage and stationery 1,216 1,133 Insurance 1,595 1,399 Telephone and broadband 1,894 1,977 IT costs 22 578 Subscriptions 351 1,823 Other expenditure 167 1,451 Independent examination 900 840 Profes. fees and deve. and research fees 3,004 2,965 Depreciation 738 2,645 Fuel top-ups 675 160 Bank charges 115 111 Total expenditure 105,478 80,485 Net income / (expenditure) (6,203) 27,172 Transfers between funds - 2,950 Net movement in funds (6,203) 30,122 Fund balances brought forward 109,738 79,616 Fund balances carried forward 103,535 109,738 |
2022 Restricted funds £ 25,295 - - - 25,295 11,775 500 - 7,650 - - - - - 3,483 - - - 10,804 - - - 34,212 (8,917) - (8,917) 17,677 8,760 |
2021 Restricted funds £ 73,430 - - - 73,430 55,808 - - 7,650 - 21 150 - - 660 - - - 9,867 - - - 74,156 (726) (2,950) (3,676) 21,353 17,677 |
2022 Total funds £ 25,310 98,465 777 18 124,570 101,672 1,730 58 7,838 3,169 259 1,216 1,595 1,894 3,505 351 167 900 13,808 738 675 115 139,690 (15,120) - (15,120) 127,415 112,295 |
2021 Total funds £ 86,020 94,698 339 30 181,087 119,226 - 46 7,650 1,825 135 1,283 1,399 1,977 1,238 1,823 1,451 840 12,832 2,645 160 111 154,641 26,446 - 26,446 100,969 127,415 |
|---|---|---|---|---|
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