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2023-03-31-accounts

Manningham Project Limited

Charity number 1103020

A company limited by guarantee number 04481358

Annual Report and Financial Statements

for the year ended 31 March 2023

Manningham Project Limited

Annual Report and Financial Statements for the year ended 31 March 2023

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 2023

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 Martin Carter Chair Mollie Somerville Vice Chair Joanna Allan Treasurer Heather Grinter Yasmin Saddique Christine Dawson Bruce Barnes Catherine Milford

Appointed 24 February 2023 Resigned 24 November 2022 Resigned 24 November 2022 Resigned 24 November 2022

Charity number

Company number

1103020 04481358

Registered in England and Wales Registered in England and Wales

Registered and principal address

Bankers

203 Lumb Lane Unity Trust Bank Bradford Four Brindleyplace BD8 7SG Birmingham B1 2JB

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 as amended on 18 February 2023. 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 2023

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 provided advice services throughout the year under our contract with Citizens Advice Bradford, funded by Bradford Metropolitan District Council. We also continued to deliver weekly sessions on behalf of Bradford VCS Alliance. Our Lumb Lane advice centre remained the main location for client appointments while the ending of COVID-19 restrictions enabled us to re-establish weekly sessions at outreach venues in our district. We provided 1,602 client appointments during the year, securing £1,477,290 for clients and stabilising £11,975 of debt.

Self-Reliance Programme

The Self-Reliance Programme uses a solution focused coaching approach to help clients to identify goals, to set themselves targets and achieve greater levels of independence and fulfilment. We have continued to develop the programme which has been advertised widely via the website, word of mouth referrals, staff identifying suitable clients during advice work sessions and signposting from other local organisations. In October we were awarded a substantial three year grant from the National Lottery Community Fund which will support the continuation and possible expansion of this programme.

Staff changes

Azar Khan, our manager for 14 years, began his very well-earned retirement having given Manningham Project a very remarkable 40 years of service. He will be very much missed by trustees, staff and clients. Sajila Malik has been promoted to the role of Service Manager and we are pleased to welcome Umar Ghafoor, who has joined us as Chief Executive.

3

Manningham Project Limited Trustees' report (continued) for the year ended 31 March 2023

Achievements and performance (continued)

Looking forward

Bradford Metropolitan District Council has awarded us a new revised contract with Bradford Citizen’s Advice for four years until March 2027. Regrettably the value of this contract has been reduced from 36 hours of advice sessions per week to 30. Nevertheless, we will continue to provide additional advice sessions for Bradford VCS Alliance and our new National Lottery Community Fund grant will provide ongoing support for our Self-Reliance Programme. We are actively seeking additional grant funding to make up for the reduction in the Council’s contract and to cover other overheads not currently met by our currently assured income.

Financial review

The net expenditure for the year was £27,064, including net expenditure of £29,944 on unrestricted funds and net income of £2,880 on restricted funds.

While the outcome of our current fundraising is uncertain we nevertheless hold sufficient reserves for us to continue operating in the coming year. The trustees have assessed 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 £72,855.

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 £37,150 based on budgeted 2023-2024 expenditure making a total target reserve of £77,150.

4

Manningham Project Limited Trustees' report (continued) for the year ended 31 March 2023

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 7/11/2023

Martin Carter (Trustee)

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 2023, 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:

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.

Rhys North ACA

9/11/2023

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 2023

Notes
2023
Unrestricted
funds
£
Income from:
Grants and donations
(2)
496
Sales and fees
99,836
Other income
2,570
Bank interest
388
Total income
103,290
Expenditure on:
Salaries and on costs
(3)
114,495
Training
78
Staff expenses
979
Rent and rates
369
Heat, light and water
4,158
Cleaning, repairs and maintenance
897
Printing, postage and stationery
1,419
Insurance
1,476
Telephone and broadband
1,654
IT costs
-
Subscriptions
1,347
Other expenditure
588
Independent examination
1,254
Professional fees
2,466
Depreciation
738
Fuel top-ups
1,200
Bank charges
116
Total expenditure
133,234
Net income / (expenditure)
(29,944)
Fund balances brought forward
103,535
Fund balances carried forward
(4)
73,591		 2023
Restricted
funds
£
26,308
-
-
-
26,308
9,118
-
-
7,650
172
295
100
78
134
775
349
82
-
4,675
-
-
-
23,428
2,880
8,760
11,640		 2023
Total
funds
£
26,804
99,836
2,570
388
129,598
123,613
78
979
8,019
4,330
1,192
1,519
1,554
1,788
775
1,696
670
1,254
7,141
738
1,200
116
156,662
(27,064)
112,295
85,231		 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

All incoming resources and resources expended derive from continuing activities.

7

Manningham Project Limited

Balance sheet

as at 31 March 2023
2023
Unrestricted
£
Fixed assets
Tangible assets
(5)
736
Total fixed assets
736
Current assets
Debtors and prepayments
(6)
18,178
Cash at bank and in hand
(7)
67,426
Total current assets
85,604
Current liabilities:
amounts falling due within one year
Creditors and accruals
(8)
12,749
Total current liabilities
12,749
Net current assets
72,855
Net assets
73,591
Funds
Unrestricted funds
73,591
Restricted funds
-
Total funds
73,591		 2023
Restricted
£
-
-
-
11,640
11,640
-
-
11,640
11,640
-
11,640
11,640		 2023
Total
£
736
736
18,178
79,066
97,244
12,749
12,749
84,495
85,231
73,591
11,640
85,231		 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

For the year ending 31 March 2023 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 are 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 7/11/2023

Martin Carter (Trustee)

8

Notes to the accounts

Manningham Project Limited

for the year ended 31 March 2023

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, if 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 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.

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.

9

Manningham Project Limited Notes to the accounts continued for the year ended 31 March 2023

1 Accounting policies continued

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)
The Ark Charity Shop
Other donations
3 Staff costs and numbers
Gross salaries
Social security costs
Employment allowance
Pensions
Payroll charges		 2023
Unrestricted
funds
£
-
-
-
496
496		 2023
Restricted
funds
£
7,650
18,363
295
-
26,308		 2023
Total
funds
£
7,650
18,363
295
496
26,804
2023
£
116,466
8,752
(5,000)
2,491
904
123,613		 2022
Total
funds
£
15,310
9,985
-
15
25,310
2022
£
95,908
6,702
(4,000)
2,541
521
101,672

The average number of employees during the year was 5.4, being an average of 3.7 full time equivalent (2022: 6.3, 3.2 FTE). There were no employees with emoluments above £60,000.

Defined contribution pension scheme
Costs of the scheme to the charity for the year
Amount of any contributions outstanding at the year end
4 Restricted funds
Balance b/f
Incoming
£
£
BMDC Community Buildings
-
7,650
Ark
-
295
Soverign Health
250
-
NLCF Self Reliance Programme
2,652
-
BMDC Additional Restrictions
4,000
-
NLCF Reaching Communities
-
18,363
BMDC IT Grant
1,858
-
8,760
26,308		 Outgoing
£
7,650
-
250
2,652
4,000
8,077
799
23,428		 2023
£
2,491
-
Transfers
£
-
-
-
-
-
-
-
-		 2022
£
2,541
-
Balance c/f
£
-
295
-
-
-
10,286
1,059
11,640

10

Manningham Project Limited Notes to the accounts continued for the year ended 31 March 2023

4 Restricted funds continued

Fund name

BMDC Community Buildings Ark Soverign Health NLCF Self Reliance Programme

BMDC Additional Restrictions

NLCF Reaching Communities

BMDC IT Grant

Purpose of restriction

Towards running costs of the charity's premises, support of community Towards training.

To contribute to repair costs for the disabled ramp access. For developing the charity as an agent for change as part of the selfreliance pilot programme.

For consultancy support, facilitation and support to trustees through recruitment process and training in AdvicePro.

To support people in developing skills and knowledge so they can tackle their own problems and improve quality of life.

Towards improving the use of communications and information technology in supporting clients.

5
6
**7 **		 Tangible assets
Cost
At 1 April 2022
Disposals
At 31 March 2023
Depreciation
At 1 April 2022
Depn reversed re. disposals
Charge for year
At 31 March 2023
Net book value
At 31 March 2023
At 31 March 2022
Debtors and prepayments
Debtors
Prepayments
Cash at bank and in hand
Cash at bank
Cash in hand		 £
6,964
(414)
6,550
5,490
(414)
738
5,814
736
1,474
Computer
equipment		 £
15,535
(9,035)
6,500
15,535
(9,035)
-
6,500
-
-
2023
£
17,372
806
18,178
2023
£
78,856
210
79,066
Equipment,
fixtures and
fittings		 Total
£
22,499
(9,449)
13,050
21,025
(9,449)
738
12,314
736
1,474
2022
£
7,583
500
8,083
2022
£
116,456
295
116,751

11

Manningham Project Limited

Notes to the accounts continued

for the year ended 31 March 2023

8 Creditors and accruals
Other creditors
Accruals
Taxation and social security		 2023
£
11,124
1,625
-
12,749		 2022
£
11,124
1,389
1,500
14,013

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 £32,095 (previous year: £35,804).

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:		 2023
£
596
1,550
2,146		 2022
£
676
-
676

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 2023

2023
2022
Unrestricted Unrestricted
funds
funds
£
£
Income
Grants and donations
496
15
Sales and fees
99,836
98,465
Other income
2,570
777
Bank interest
388
18
Total income
103,290
99,275
Expenditure
Salaries and on costs
114,495
89,897
Training
78
1,230
Staff expenses
979
58
Rent and rates
369
188
Heat, light and water
4,158
3,169
Cleaning, repairs and maintenance
897
259
Printing, postage and stationery
1,419
1,216
Insurance
1,476
1,595
Telephone and broadband
1,654
1,894
IT costs
-
22
Subscriptions
1,347
351
Other expenditure
588
167
Independent examination
1,254
900
Professional fees
2,466
3,004
Depreciation
738
738
Fuel top-ups
1,200
675
Bank charges
116
115
Total expenditure
133,234
105,478
Net movement in funds
(29,944)
(6,203)
Fund balances brought forward
103,535
109,738
Fund balances carried forward
73,591
103,535		 2023
Restricted
funds
£
26,308
-
-
-
26,308
9,118
-
-
7,650
172
295
100
78
134
775
349
82
-
4,675
-
-
-
23,428
2,880
8,760
11,640		 2022
Restricted
funds
£
25,295
-
-
-
25,295
11,775
500
-
7,650
-
-
-
-
-
3,483
-
-
-
10,804
-
-
-
34,212
(8,917)
17,677
8,760		 2023
Total
funds
£
26,804
99,836
2,570
388
129,598
123,613
78
979
8,019
4,330
1,192
1,519
1,554
1,788
775
1,696
670
1,254
7,141
738
1,200
116
156,662
(27,064)
112,295
85,231		 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

13