2024-03-31-accounts - Manningham Project Limited

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Manningham Project Limited

Charity number 1103020

A company limited by guarantee number 04481358

Annual Report and Financial Statements

for the year ended 31 March 2024

Manningham Project Limited

Annual Report and Financial Statements for the year ended 31 March 2024

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

Manningham Project Limited

Trustees' report for the year ended 31 March 2024

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

Name Position Dates Martin Carter Chair Mollie Somerville Vice Chair and Secretary Joanna Allan Treasurer Heather Grinter Yasmin Saddique 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 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 18 February 2023 and 23 November 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.

Manningham Project Limited Trustees' report (continued) for the year ended 31 March 2024

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 also provide a self-sufficiency coaching service we call the Self-Reliance Programme which helps 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. In January 2024 we were awarded a substantial three year grant by the Henry Smith Charity which enables additional advice sessions and supports of our general running costs.

Our Lumb Lane advice centre remained the main location for client appointments while also providing sessions in several outreach venues in our district. We provided 1,318 client appointments during the year, serving 957 clients. We secured £2,011,192 benefit income for clients and stabilised £68,550 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. This programme is supported by a grant from the National Lottery Community Fund. Six clients completed the programme during the year with a further 30 provided with additional support related to the programme.

Further funding

In January 2023 we were awarded a Bradford Fund Strategic Fund Grant to support the work of our new Chief Executive Office. The CEO and trustees continue actively to seek additional grant funding in order to expand our services to meet ongoing unmet needs.

Manningham Project Limited

Trustees' report (continued) for the year ended 31 March 2024

Financial review

The net expenditure for the year was £7,811, including net expenditure of £32,711 on unrestricted funds and net income of £24,900 on restricted funds.

Reserves policy

The charity's free reserves, excluding fixed assets, at the year end were £40,880.

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 £47,600 based on budgeted 2024-2025 expenditure making a total target reserve of £87,600.

Manningham Project Limited Trustees' report (continued) for the year ended 31 March 2024

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 17/10/2024

Martin Carter (Trustee)

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 2024, 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.

Rhys North ACA

22/10/2024

West Yorkshire Community Accountancy Service CIO

Stringer House 34 Lupton Street Leeds LS10 2QW

Manningham Project Limited

Statement of Financial Activities

(including summary income and expenditure account) for the year ended 31 March 2024

Notes 2024 Unrestricted funds £ Income from: Grants and donations (2) 1,128 Sales and fees 86,174 Other income 400 Bank interest 1,072 Total income 88,774 Expenditure on: Salaries and on costs (3) 100,196 Training - Staff and volunteer expenses 510 Rent and rates 168 Heat, light and water 5,479 Cleaning, repairs and maintenance 4,080 Printing, postage and stationery 1,084 Insurance 1,353 Telephone and broadband 921 IT costs 518 Subscriptions 2,402 Other expenditure 806 Independent examination 1,136 Professional fees 1,578 Depreciation 736 Fuel top-ups 400 Bank charges 118 Total expenditure 121,485 Net income / (expenditure) (32,711) Fund balances brought forward 73,591 Fund balances carried forward (4) 40,880	2024 Restricted funds £ 87,369 - - - 87,369 47,910 387 - 7,650 690 406 336 236 738 1,159 79 244 184 2,450 - - - 62,469 24,900 11,640 36,540	2024 Total funds £ 88,497 86,174 400 1,072 176,143 148,106 387 510 7,818 6,169 4,486 1,420 1,589 1,659 1,677 2,481 1,050 1,320 4,028 736 400 118 183,954 (7,811) 85,231 77,420	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

All incoming resources and resources expended derive from continuing activities.

Manningham Project Limited

Balance sheet

as at 31 March 2024 2024 Unrestricted £ Fixed assets Tangible assets (5) - Total fixed assets - Check calculation re employee creditor in Other Creditors Debtors and prepayments (6) 6,863 Cash at bank and in hand (7) 52,564 Total current assets 59,427 Current liabilities: amounts falling due within one year Creditors and accruals (8) 18,547 Total current liabilities 18,547 Net assets 40,880 Funds Unrestricted funds 40,880 Restricted funds - Total funds 40,880	2024 Restricted £ - - - 36,540 36,540 - - 36,540 - 36,540 36,540	2024 Total £ - - 6,863 89,104 95,967 18,547 18,547 77,420 40,880 36,540 77,420	2023 Total £ 736 736 18,178 79,066 97,244 12,749 12,749 85,231 73,591 11,640 85,231

For the year ending 31 March 2024 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 17/10/2024

Martin Carter (Trustee)

Notes to the accounts

Manningham Project Limited

for the year ended 31 March 2024

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.

Check calculation re employee creditor in Other Creditors

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

l t

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.

Manningham Project Limited

Notes to the accounts continued for the year ended 31 March 2024

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) Citizens Advice Bradford & Airedale (CAB) Leeds Community Foundation (LCF) National Lottery Community Fund (NLCF) The Henry Smith Charity The Ark Charity Shop Other donations 3 Staff costs and numbers Gross salaries Social security costs Employment allowance Pensions Payroll charges	2024 Unrestricted funds £ - - - - - - 1,128 1,128	2024 Restricted funds £ 5,000 2,195 10,000 37,174 33,000 - - 87,369	2024 Total funds £ 5,000 2,195 10,000 37,174 33,000 - 1,128 88,497 2024 £ 137,896 11,283 (5,000) 3,155 772 148,106	2023 Total funds £ 7,650 - - 18,363 - 295 496 26,804 2023 £ 116,466 8,752 (5,000) 2,491 904 123,613

The average number of employees during the year was 6.3, being an average of 4.4 full time equivalent (2023: 5.5, 3.8 FTE). There were no employees with emoluments above £60,000.

Defined contribution pension scheme Costs of the scheme to the charity for the year 4 Restricted funds Balance b/f £ BMDC Community Buildings - The Ark Charity Shop 295 The Henry Smith Charity - NLCF Reaching Communities 10,286 BMDC IT Grant 1,059 CAB IT Grant - LCF Give Bradford Fund - 11,640	Incoming £ 5,000 - 33,000 37,174 - 2,195 10,000 87,369	Outgoing £ 5,000 295 16,500 37,208 1,059 77 2,330 62,469	2024 £ 3,155 Transfers £ - - - - - - - -	2023 £ 2,491 Balance c/f £ - - 16,500 10,252 - 2,118 7,670 36,540

Notes to the accounts continued for the year ended 31 March 2024

Manningham Project Limited

4 Restricted funds continued Fund name

BMDC Community Buildings The Ark Charity Shop The Henry Smith Charity NLCF Reaching Communities

BMDC IT Grant

CAB IT Grant LCF Give Bradford Fund

Purpose of restriction

Towards running costs of the charity's premises. Towards training.and supporting telephone advice. Towards the organisation's running costs.

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.

Towards IT costs.

To support the charity's strategic development.

Tangible assets Cost At 1 April 2023 At 31 March 2024 Depreciation At 1 April 2023 Charge for year At 31 March 2024 Net book value At 31 March 2024 At 31 March 2023 Debtors and prepayments Debtors Prepayments Cash at bank and in hand Cash at bank Cash in hand Creditors and accruals Creditors Accruals Other creditors	£ 2,950 2,950 2,214 736 2,950 - 736 Computer equipment	£ 6,500 6,500 6,500 - 6,500 - - 2024 £ 6,863 - 6,863 2024 £ 88,836 268 89,104 2024 £ 11,124 1,803 5,620 18,547 Equipment, fixtures and	Total £ 9,450 9,450 8,714 736 9,450 - 736 2023 £ 17,372 806 18,178 2023 £ 78,856 210 79,066 2023 £ 11,124 1,625 - 12,749

5 Tangible assets

6 Debtors and prepayments

7 Cash at bank and in hand

8 Creditors and accruals

Notes to the accounts continued

Manningham Project Limited

for the year ended 31 March 2024

9 Related party transactions

Trustee expenses

No trustee received any expenses during this year or the previous year.

Trustee remuneration

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 £34,136 (previous year: £32,095).

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:	2024 £ 2,146 2,503 4,649	2023 £ 596 1,550 2,146

Manningham Project Limited

Statement of Financial Activities including comparatives for all funds (including summary income and expenditure account) for the year ended 31 March 2024

2024 2023 Unrestricted Unrestricted funds funds £ £ Income Grants and donations 1,128 496 Sales and fees 86,174 99,836 Other income 400 2,570 Bank interest 1,072 388 Total income 88,774 103,290 Expenditure Salaries and on costs 100,196 114,495 Training - 78 Staff and volunteer expenses 510 979 Rent and rates 168 369 Heat, light and water 5,479 4,158 Cleaning, repairs and maintenance 4,080 897 Printing, postage and stationery 1,084 1,419 Insurance 1,353 1,476 Telephone and broadband 921 1,654 IT costs 518 - Subscriptions 2,402 1,347 Other expenditure 806 588 Independent examination 1,136 1,254 Professional fees 1,578 2,466 Depreciation 736 738 Fuel top-ups 400 1,200 Bank charges 118 116 Total expenditure 121,485 133,234 Net income / (expenditure) (32,711) (29,944) Fund balances brought forward 73,591 103,535 Fund balances carried forward 40,880 73,591	2024 Restricted funds £ 87,369 - - - 87,369 47,910 387 - 7,650 690 406 336 236 738 1,159 79 244 184 2,450 - - - 62,469 24,900 11,640 36,540	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	2024 Total funds £ 88,497 86,174 400 1,072 176,143 148,106 387 510 7,818 6,169 4,486 1,420 1,589 1,659 1,677 2,481 1,050 1,320 4,028 736 400 118 183,954 (7,811) 85,231 77,420	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