## 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**
1
## 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.
2
## 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.
3
## 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.
4
## 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: ……………..…..………….
5
## 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:
- 1 accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or 2 the accounts do not accord with those records; or
- 3 the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or
- 4 the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Signed: …………………………………… Name: Rhys North ACA
Date: …………………….
## **West Yorkshire Community Accountancy Service CIO**
Stringer House 34 Lupton Street Leeds LS10 2QW
6
## 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.
7
## 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: ……………..…..………….
8
## 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.
9
## 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|
10
## 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**
11
## 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|
|---|---|---|
12
## 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|
|---|---|---|---|---|
13