2025-03-31-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 2025

Manningham Project Limited

Annual Report and Financial Statements for the year ended 31 March 2025

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 2025

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 Martin Carter Chair Yasmin Saddique Vice-chair Mollie Somerville Secretary Joanna Allan Treasurer Heather Grinter Ramona Barrow Appointed 24 June 2024 Resigned 21 November 2024 Yassa Yaseen Appointed 21 November 2024 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

Appointed 24 June 2024 Resigned 21 November 2024 Appointed 21 November 2024

Registered in England and Wales Registered in England and Wales

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 2025

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 until October 2024. In January 2024 we were awarded a substantial three year grant by the Henry Smith Charity which enables additional advice sessions and supports 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 2,189 client appointments during the year, serving 1,829 clients. We secured £2,153,395 benefit income for clients and stabilised £5,619 of debt (clients with multiple debts above £2,000 were referred to specialists in Citizens Advice).

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. Eight clients completed the programme during the year with a further 25 provided with additional support related to the programme.

Manningham Project Limited

Trustees' report (continued) for the year ended 31 March 2025

Financial review

The net income for the year was £22,078, including net income of £11,499 on unrestricted funds and net income of £10,579 on restricted funds.

Reserves policy

The charity's free reserves, excluding fixed assets, at the year end were £52,379.

Manningham Project will maintain a minimum reserve of £45,000 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 £48,355 based on budgeted 2025-2026 expenditure making a total target reserve of £93,355.

Manningham Project Limited Trustees' report (continued) for the year ended 31 March 2025

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 27/10/2025

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 2025, 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

WYCAS conduct the bookkeeping and complete the independent examination for the charity. The following criteria are met:

1 the independent examiner is a member of an approved body that has applied the FRC's Revised Ethical Standard;
2 there is documentary evidence in respect of the bookkeeping arrangements that the trustees were "informed management" and have made such judgements and decisions that are needed in relation to the presentation and disclsure of information in the financial statements;
3 the independent examiner was not the book-keeper nor does the examiner report directly to the bookkeeper.

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

28/10/2025

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 2025

Notes 2025 Unrestricted funds £ Income from: Grants and donations (2) 2,734 Sales and fees 77,037 Other income 455 Bank interest 1,125 Total income 81,351 Expenditure on: Salaries and on costs (3) 57,271 Training - Staff and volunteer expenses 315 Rent and rates - Heat, light and water 772 Cleaning, repairs and maintenance 651 Printing, postage and stationery 1,452 Insurance 2,070 Telephone and broadband 1,873 IT costs 130 Subscriptions 2,165 Other expenditure 60 Independent examination 1,131 Professional fees 1,825 Depreciation - Fuel top-ups 80 Bank charges 57 Total expenditure 69,852 Net income / (expenditure) 11,499 Fund balances brought forward 40,880 Fund balances carried forward (4) 52,379	2025 Restricted funds £ 132,460 - - - 132,460 103,525 680 - 7,812 3,913 290 430 390 457 1,537 215 176 189 2,267 - - - 121,881 10,579 36,540 47,119	2025 Total funds £ 135,194 77,037 455 1,125 213,811 160,796 680 315 7,812 4,685 941 1,882 2,460 2,330 1,667 2,380 236 1,320 4,092 - 80 57 191,733 22,078 77,420 99,498	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

All incoming resources and resources expended derive from continuing activities.

Manningham Project Limited Balance sheet

as at 31 March 2025 2025 Unrestricted £ Current assets Debtors and prepayments (6) 18,470 Cash at bank and in hand (7) 54,909 Total current assets 73,379 Current liabilities: amounts falling due within one year Creditors and accruals (8) 21,000 Total current liabilities 21,000 Net assets 52,379 Funds Unrestricted funds 52,379 Restricted funds - Total funds 52,379	2025 Restricted £ - 47,733 47,733 614 614 47,119 - 47,119 47,119	2025 Total £ 18,470 102,642 121,112 21,614 21,614 99,498 52,379 47,119 99,498	2024 Total £ 6,863 89,104 95,967 18,547 18,547 77,420 40,880 36,540 77,420

For the year ending 31 March 2025 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 27/10/2025

Martin Carter (Trustee)

Notes to the accounts

Manningham Project Limited

for the year ended 31 March 2025

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

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.

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.

Manningham Project Limited

Notes to the accounts continued

for the year ended 31 March 2025

2 Grants and donations Bradford Metropolitan District Council (BMDC) National Lottery Community Fund (NLCF) Rands Almshouses The Henry Smith Charity Citizens Advice Bradford & Airedale (CAB) Leeds Community Foundation (LCF) Other donations 3 Staff costs and numbers Gross salaries Social security costs Employment allowance Pensions Payroll cost	2025 Unrestricted funds £ - - 2,000 - - - 734 2,734	2025 Restricted funds £ 8,250 58,210 - 66,000 - - - 132,460	2025 Total funds £ 8,250 58,210 2,000 66,000 - - 734 135,194 2025 £ 150,351 11,725 (5,000) 2,959 761 160,796	2024 Total funds £ 5,000 37,174 - 33,000 2,195 10,000 1,128 88,497 2024 £ 137,896 11,283 (5,000) 3,155 772 148,106

The average number of employees during the year was 6.8, being an average of 4.3 full time equivalent (2024: 6.3, 4.2 FTE). There were no employees with emoluments above £60,000.

Defined contribution pension scheme Costs of the scheme to the charity for the year 4 Restricted funds Balance b/f £ NLCF- Awards for All - CAB IT Grant 2,118 BMDC - Community Buildings - Henry Smith Fund 16,500 LCF Give Bradford Fund 7,670 NLCF - Reaching Communities 10,252 36,540	Incoming £ 20,000 - 8,250 66,000 - 38,210 132,460	Outgoing £ - 1,537 8,250 66,000 7,670 38,424 121,881	2025 £ 2,959 Transfers £ - - - - - - -	2024 £ 3,155 Balance c/f £ 20,000 581 - 16,500 - 10,038 47,119

Fund name Purpose of restriction

NLCF- Awards for All To support the Digital Inclusion project. CAB IT Grant Towards IT costs. BMDC - Community Buildings Towards running costs of the charity's premises. Henry Smith Fund Towards the organisation's running costs. LCF Give Bradford Fund To support the charity's strategic development. NLCF - Reaching Communities

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

Manningham Project Limited

Notes to the accounts continued

for the year ended 31 March 2025

5 6 7 8	Tangible assets Cost At 1 April 2024 Additions At 31 March 2025 Depreciation At 1 April 2024 Charge for year At 31 March 2025 Net book value At 31 March 2025 At 31 March 2024 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 2,950 - 2,950 - - Computer equipment	£ 6,500 - 6,500 6,500 - 6,500 - - 2025 £ 17,500 970 18,470 2025 £ 102,474 168 102,642 2025 £ 790 1,619 19,205 21,614 Equipment, fixtures and	Total £ 9,450 - 9,450 9,450 - 9,450 - - 2024 £ 6,863 - 6,863 2024 £ 88,836 268 89,104 2024 £ 11,124 1,803 5,620 18,547

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 £45,177 (previous year: £34,136).

Manningham Project Limited

Notes to the accounts continued

for the year ended 31 March 2025

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:	2025 £ 854 142 996	2024 £ 834 1,550 2,384

Manningham Project Limited

Statement of Financial Activities including comparatives for all funds (including summary income and expenditure account) for the year ended 31 March 2025

2025 2024 Unrestricted Unrestricted funds funds £ £ Income Grants and donations 2,734 1,128 Sales and fees 77,037 86,174 Other income 455 400 Bank interest 1,125 1,072 Total income 81,351 88,774 Expenditure Salaries and on costs 57,271 100,196 Training - - Staff and volunteer expenses 315 510 Rent and rates - 168 Heat, light and water 772 5,479 Cleaning, repairs and maintenance 651 4,080 Printing, postage and stationery 1,452 1,084 Insurance 2,070 1,353 Telephone and broadband 1,873 921 IT costs 130 518 Subscriptions 2,165 2,402 Other expenditure 60 806 Independent examination 1,131 1,136 Professional fees 1,825 1,578 Depreciation - 736 Fuel top-ups 80 400 Bank charges 57 118 Total expenditure 69,852 121,485 Net income / (expenditure) 11,499 (32,711) Fund balances brought forward 40,880 73,591 Fund balances carried forward 52,379 40,880	2025 Restricted funds £ 132,460 - - - 132,460 103,525 680 - 7,812 3,913 290 430 390 457 1,537 215 176 189 2,267 - - - 121,881 10,579 36,540 47,119	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	2025 Total funds £ 135,194 77,037 455 1,125 213,811 160,796 680 315 7,812 4,685 941 1,882 2,460 2,330 1,667 2,380 236 1,320 4,092 - 80 57 191,733 22,078 77,420 99,498	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