Charity number: 1107927 Company number: 05249208 Charity number: 1107927 Company number: 05249208
MANCROFT ADVICE PROJECT (MAP) IA Company Limited by Guarantee CONTENTS Page Reference and Administrative Details of the Charity. its Trustees and Advisers Trustees. Report 2- 11 Independent Auditors. Report on the Financial Statements 12-16 Statement of Financial Activities 17 Balance Sheet 18 Statement of Cash Flows 19 Notes to the Financial Statements 20-36
MANCROFT ADVICE PROJECT (MAP) IA Company Limited by Guarantee REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025 Trustees C M Billings. Chair K A Blake-Holmes K Buchanan The Revd E J Carter H R Lews lappointed 29 September 2025) J P Mason-Gordon (appointed 30 September 2024) I V McGuire (resigned 1 September 2025) G Prasad D Roe (resigned 27 June 2024) D L Slowther L K Spratling Company registered number 05249208 Charity registered number 1107927 Registered office The Risebrow Centre Chantry Road Norwich Norfolk NR21RF Company secretary D Mobbs Chief executive officer D Mobbs Independent auditors BW Audit Ltd Chartered Accountants Berry & Warren 54 Thorpe Road Norwch NR1 1RY Bankers CAF Bank Limited 25 Kings Avenue Kings Hill West Malling Kent ME19 4JQ Patrons Mr William Amistrong OBE Lady Philippa Dannatt MBE, HM Lord-Lieutenant of Norfolk The Rt Hon Sir Nomian Lamb His Honour Judge Jeremy Richards Page 1
MANCROFT ADVICE PROJECT (MAP) IA Company Limited by Guarantee TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Trustees present their annual report together Yth the audited financial statements of the charity for the year 1 April 2024 to 31 March 2025. The Annual Report serves the purposes of both a Trustees, report and a directors, report under company law. The Trustees confirm that the Annual Report and financial statements of the charitsble company comply the current statutory requirements, the requirements of the Charitable company's governing document and the provisions of the Statement of Recommended Practice {SORP) applicable to charities preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019). Since the charity qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors, Report) Regulations 2013 has been omitted. Objectives and activities Policies and objectives MAP'S vision is that.. All young people will know at it is to be valued. and that they will have the support and information they need to make a successful transition to adulthood. Mission Statement The Mancroft Advice Project exists to provide quality information, advice, counselling and support for the holistic development of young people aged under the age of 25 in Non¥vich and Norfolk. Objects To advance education among young people under the age of 25 by the provision of a young people's information, advice, advocacy and counselling setvice. To promote, preserve and protect the heatth of young people in Norfolk and Suffolk through the provision of support, education and practical advice. The relief of poverty among young people in Norfolk and Suffolk. To promote the education of those dealing Vth young people by means of training, support and development. The Project receives considerable assistance in its activities from unpaid volunteers. This assistance is unquantifiable but wthout it the Project would not be able to pursue its current level of activity- Page 2
MANCROFT ADVICE PROJECT IMAP) (A Company Llmited by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 202S Objectlves and activities Iconlinued) Public benefit The Board of Trustees Gonfimi that they have had due regard to the Charty Commission's guidance on public beneh't. The Board of Trustees consider that the Charity meets the Charity Commission's public benefit requirements in the advancement of its objects. its services being avail*)16 to all young people aged up to 25 Norfolk and Suffolk. As set out above, the benefils that arise from the aims are Ihe improved wellbeing of young people and their successful transition lo adulthood. Many of those who access our services are already socially excluded or ar8 at risk of social eXclusn. MAP provides targeted support to young people expeiiencing deprivation.. especially in parts of NOl¢h and Great Yarmouth where in Gertain wards as many as 50% of children and young people live in inGome deprived households. Youth urmplOYMent is at high levels. Services are accessiblè via appointment or the drop4n at the project, or via our oulreach work in schools, hostels and other agencies Achievements and plans for the future a. Maln achlevements of the charity 11 has been another impressive year for MAP. The mental health serViS we provide for the NHS are some of the best perfonring across the country. We are a very important partner locally. ensuring services are responsive and &cessible. Our advice services are reaching more y¢Jung people wtth ever complex problems. including homelessness, debt and unemployment. Our youth work seNices have done so much, from outdoor activities to campaigns to make playgrounds more accessible. Young people tell us how much they value our support, how they feel listened to. not judged and supported in the way they need. We have also trained thousands of local professionals to improve thr kncfiNledge and sklls. The year has had challenges. Our funding is under more pressure. Young people are facing multiple crises. like homelessness, destilution, discrimination. low wages and benefits cuts- severe mental health problems including suicide and self-harm. low school attainment and health inequaltties. with increasing levels of extremism and within a worsening climate crisis. We have a lot to manage. What make5 us who we are is a strong collaboration behveen our staff. supporters and young people, working on our mission and sharing our values. We'd like lo thank SUPPOrters and partners for working with us, especially the NHS, Norfolk County Council and all the trusts and foundations who fund and advocate for our work. Finally, a huge thanks goes to our staff and volunteers. Without their hard Work, talents and commitment to our value5 we would nol make the impact we do. Carollne Billlngs Dan Mobbg Chalr of Trustees Chief Executive Page 3
MANCROFT ADVICE PROJECT (MAP) IA Company Limited by Guarantee TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Achievements and plans for the future (continued) b. Impact We support young people across Norfolk and in Suffolk to have a successful transition to adulthood by providing advice, counselling and youth work. Through campaigning, advising and training, we work to ensure all young people feel valued. We are changing the wodd from vthere V are. We are driven by our values. We value every individual. we're young person centred, professional and we work for social justice. We work to ensure young people have their basic needs and rights met, such as housing, food or a job., have good mental health and have a say over what happens to them and their community. In the 2024125 financial year, MAP worked directly yth 5.224 young people Advice services Our advice serVIS provided advice, emotional support and coachinglmentoring on: Employment. education and training Money, benefits and debt Housing and homelessness Drugs and alcohol Education rights Sexual health and relationships Parenting Mentsl health We provided mediation and advocacy. We provided dropin support from our hubs in Nolch, Great Yarmouth and King's Lynn and telephonelonline support across Norfolk. In the last year our advisers supported 1.981 young people across Norfolk and delivered 8.793 sessions of advice. The most common issue young people came to us about was mental health, followed by housing, and money and debt. We helped 125 young people avoid homelessness We supported 114 young parents and their families We helped young people access £213,824 of benefit entitlements and £19,397 of grants. We provided 907 young people wth drop-in mental health advi Of the young people who completed our survey". 95°A of those who received support either agreed or strongly agreed that 'overall the support I received was good, 97 % said that they were eated well by the advise 980h 'felt listened to, Young people told us= "The support I have received has been amazing. Its always reassuring to know where they are if I need them." "Everything you do is good. You realty help my mental health.- °ffhe advisor] that I spoke to is always helpful and takes me seriously when I feel that others in my lrfe don't." Page 4
MANCROFT ADVICE PROJECT (MAP) IA Company Limited by Guarantee TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Achievements and plans for the future (continued) Therapeutic Services Our therapeutic services provided professional counsellinglpsychotherapy, psychckeducation., short and long term; one-to-one and in groups. We worked across Norfolk and Suffolk in our centres, other Community venues and wthin schools. In 2024125 MAP'S therapeutic team offered support to 1,876 young people. Our counsellors and youth mental heatth workers provided 10.823 sessions. Of the young people who completed our survey: 99 % said that they were Ireated well by the people vtho saw them. 99 % felt listened to 99.fi said 'overall the help I received here was good- Young people told us= 'Compared to anything else I've tried I fett like I was taken seriously. I felt I could be listened to while receiving appropriate SpOnseS that areny Yelling me what to do., just support.. "I dony usually talk to anyone about myself and Gan find it really drfficult. But I have been able to do that here. It has been helpful to talk about the bullying. I fett listened to and taken seiiously.. .1 came into these sessions feeling more hopeless than optimistic, and having that tumed around by the end of the stint. Youth Work S8Thices Our youth work service provided infomial education, youth participation, activities and groups across Norfolk. We supported young people to be able to influence what is happening in their community and facilitate six of Norfolk County Council's Youth Advisory Board5. In 2024125 our youth work team worked wth 1.367 young people. Youth workers delivered.. 1,558 mentoring appointments 761 group sessions 700 Youth Advisory Board sessions 11 residentials 11,736 young people took part in the most recent Norfolk-wide Youth Advisory Board (YAB) consultations. The top issues identified were= mentsl heatth- bultying,. transport,. parks and outdoor spaces. In 2024125. 317 young people participated in our goal-based mentoring project.. 840kn made positive movement towards one or more goals 79% reported an improvement in their mental health (using The Warwick-Edinburgh Mentsl Wellbeing Scale) Young people told us= 'This is only the second time I have left the house over the holklays. l am so happy being out now I have something fun like this to do." Page 5
MANCROFT ADVICE PROJECT (MAP) IA Company Limited by Guarantee TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Achievements and plans for the future (continued) .1 have learnt way more interesting things about what is happening in Norfolk, I now have access to amazing people like nyy youth workers, l am able to go to great places for free: help people in need, I have been able to build my confidence talking to people and presenting.. Our campaign to make play areas more accessible was honoured wth a 2024 Flourish Award. Training Services Our training services, the TALK Centre, proNllded training and development to staff and volunteers who support young people. We trained non-specialist workers to become "mental health champions. so they can better meet the needs of young people. We provided training on a range of areas such as better sleep. autism, reasonable adjustments and general mental health. Achievements include= 121 Courses run 1,340 people registered 294 organisations registered 2,100 training bookings 73 events 1 OOOk attendees rated training 4 or 5 out of 5. 83 % of those attending mental health champion training left the course confident to support young people thout specialist support, up from 27% before starting the course. Attendees told us: 'The speakers were wonderful and engagement in temis of questions following the course was really goocr "Fab facilitators, clearprofeSSna1. good use of technolog -1 learnt a lot and loved the training. It was easily accessible and simple to understand - I will remember this training for a long timel" Page 6
MANCROFT ADVICE PROJECT (MAP) IA Company Limited by Guarantee TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Achievements and plans for the future (continued) c. Plans for the future We are embarking on a new Strategic Plan for 2026-2029 continuing our commitment to being a strongs supportive and influential youth charity. We remain focussed on our mission, vision and values. We wll be strong by having excellent staff and volunteers, young people meaningfully involved at all levels including our board, and maintaining high standards in governance, finance and facilities. We aim to sustain our current turnover and gain greater control over our premises to improve sustsinability including exploring opportunities for ownership. We will particularly strengthen our approach to equality, diversity and inclusion and improve howwe collect and use data to inform our work. We wll be supportive by continuing to deliver high quality advice. therapeutic and youth work ServIS that meet the evolving needs of young people. We will be influential by strengthening our communications, supporting young people led campaigns and developing our training services. While our focus remains local, across Norfolk and in Suffolk, we wwll also work to influence nationally. through training, campaigns and working with Youth Access to develop centres like ours across the county. Financial review . Going concern After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concem basis in preparing the financial statements. Further details regarding the adoption of the going oncern basis can be found in the accounting policies. b. Reserves The need for reseThes MAP has a need to hold a level of financial free reserves to enable ti to have sufficient funds to= Meet its liabilities followng significant disinvestment or other worst case scenarios. This includes redundancy, legal and lease costs. Invest in the organisation for long term benefit. This includes professional development, buildings and IT. Provide working capital. This includes payment in arrears, late payments and u*front costs. Give confidence to funders by having reserves of between three and six months of current running costs. Financial assessment To reach a reasonable level of reserves the Trustees have considered the followng factors.. Charity Commission guidance. Public sector spending cuts I threats and short temi funding. The landlord for our N0ch centre is the St Peter Mancroft Church which 15 a key partner in the charity- The current potential costs of redundancy, legal fees and current lease liabilities. Current cash flow, turnover and projected turnover. All potential risks as outlined on the MAP risk register - in particular the impact of the current cost of living crisis and inflation pressures on wages. Page 7
MANCROFT ADVICE PROJECT (MAP) IA Company Limited by Guarantee TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Reserves target The risks from high inflation and increasing costs along with a difficult fundraising environment and an increase in our budgeted turnover means there is an ever greater need for reserves. The minimum target for free reserves is £1.750,000, which is four months of current budgeted running costs. This is made up of.. £750,000 working capital £1,000,000 to cover liabilities of redundancy, legal, contract and lease commitments for worst case scenarios Actual free reserves. excluding designated funds. amounts to £1,583.426 (2024.. £1,427.203). Review and monitoring The board wll review the level of reseeS required annually. The board VAII monitor cash flow quarterly (or more frequently if required) with analysis of management accounts. Decisions about the use of investment funds Viill be made at board meetings by way of request for funds from the Chief Executive with consideration by the board of the current working capital position of MAP. c. Material investments policy Under the Memorandum and Artides of Association. the Board of Trustees have the power to invest the monies of the charity not immediately required for the furtherance of its objects in or upon such investments, securities or property as may be thought fit. Currently funds are deposited with CAF Bank. d. Financial risk management objectives and policies The Trustees are aware of the requirement to identtfy and rewew the major ri5k5 to which the charity is exposed and to establish systems to mitigate those risks. A review is carried out on a regular basis and approved by the Board of Trustees. MAP has a Finance, Audit and Risk Committee reporting directly to the Board made up of senior managers and Trustees. e. Principal funding The project receives a wide range of funds for specific purposes from various charitable trusts and statutory bodies. In addition core funding has been received from John Risebrows Charity since the charity was formed. Structure, govemance and management . Constitution Mancroft Advice Project {MAP} is a charitable company limited by guarantee, incorporated on 4 October 2004 and registered as a Charity on 3 February 2005. The Charity was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the Charity being wound up members are required to contribute an amount not exceeding £1. Page 8
MANCROFT ADVICE PROJECT (MAP) IA Company Limited by Guarantee TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Structure, governance and management Icontinued b. Methods of appointment or election of Trustees Periodically a skills audit of the Board of Trustees is carried out. If any weaknesses, or gaps in skills, are identified then the Charity wll advertise for new Trustees to address this. When vacancies arise the Chair seeks applications. Applicants are nominated by referees then attend an informal session with the Chair. On the Chaivs recommendation applicants then attend a full board meeting. The board then votes on whether the applicant should be appointed. MAP aims to recruit younger trustees to best reflect beneficiaries and supports the mission and values of the Young Trustees Movement. . Organisational structure and decision4naking policies The charity is administered by the Board of Trustees, being the directors for company law purposes, as listed on page 1, who set out the general policy of the charity. The Board of Trustees meet quarterly. Subgroups are formed on a needs basis and meet on a needs basis. The charity is staffed by the Chief Executive, Director of Operations, Finance Manager, Human Resource Manager, Development Manager, Head of Advice Services, Head of Therapeutic Services, Head of Youth Work Services, Advisers, Counsellors, Youth Workers, Officers and Administrators. d. Policies adopted for the induction and training of Trustees On appointment, Trustees receive a copy of "The Good Trustee Guide" which includes all relevant guidelines for their new role. They also receive an extensive induction and information about the charity lch includes the Memorandum and Articles of Association, and the latest accounts of the charity. In addition, Trustees are encouraged to read Charity Commission and other newsletters and to attend courses designed to keep them abreast of their duties and responsibilities. This includes safeguarding training. 8. Pay policy for key management personnel MAP has a pay policy to ensure a fair and consistent treatment of staff when making pay decisions. It describes our various processes linked to pay. This includes pay scales, pay progression and pay review processes. MAP has job families, each of which contain broad bands, wtlh a pay range attached to each. Market conditions were fully reviewed for practitioners in 2023 and for senior staff in 2024 to ensure salary ranges remain competitive and appropriate. The job families group together job roles requiring similar types of responsibility, knoedge and accountability- Senior staff roles (vth the exception of the CEO} are the highest level bands. Once an individual is paid at the top of the pay scale, no further progression increments are awarded. In such cases, individuals only receive scale adjustments following a pay scale review. The salary of the CEO is set and monitored by the board. Page 9
MANCROFT ADVICE PROJECT (MAP) IA Company Limited by Guarantee TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Structure, governance and management Icontinued f. Related party relationships The Charty receives annual funding from John Risebrows Charity, a registered charity, of which The Revd E J Carter is a trustee. The charity also transacts with St Peter Mancroft Church and St Peter Mancroft Mission Hall Trust where The Revd E J Carter is also a trustee. g. Trustees, indemnities Trustees, indemnity is in place for qualifying third paty provisions, covering trustees, costs of legal liability for damages and costs awarded against them from any claim which arises from any actual or alleged wrongful act, error or omission committed or attempted by a trustee during the performance of their duties as a trustee. h. Fundraising standards information MAP'S fundraising activity is always coherent th MAP'S values. We comply with and are guided by the Institute of Fundraising Code of Fundraising Practice and the International Statement of Ethical Principles in Fundraising.. Honesty.. Fundraisers will always be honest and truthful, upholding public trust and never misleading supporters or the public. Respect.. Fundraisers will always be respectful of our beneficiaries and donors, following their choices and wishes, wherever possible. Integrity.. Fundraisers wll always act wth integrty, followng legislative and regulatory requirements, and wll always work for the best interests of our causes and supporters. Transparency" Fundraisers wll athys be transparent. clear and accurate about the work of our causes, how donations wll be managed and spent. and report on costs and impact accurately. Responsibility.. Fundraisers wll always act responsibly, understanding that we share a common objective to promote fundraising excellence for the benefit of the common good. We value and encourage diversity in our practice and our fundraisers, and continually seek to develop our professional standards. We never use third parties for fundraising. This is so we can ensure our ethical standards and values are fully applied to all our fundraising activities. We have a clear Privacy Noti regarding our work with funders and clear safeguarding policies to ensure we never have= Unreasonable intrusion on a person's privacy; Unreasonable persistent approaches for the purpose of solicrting or otherwise procuring money or other propety on behalf of the charty: Placing undue pressure on a person to give money or other property. We have exlIent relationships viith our funders and receive regular positive feedback about how we work with them. We have never received a complaint about our fundraising practices. Page10
MANCROFT ADVICE PROJECT {MAP} (A Company Limited by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Statement of Trustees, responslbilltles The Trustees (who are also the directors of the ¢haTity for the purposes of Company law} are responsible for preparing the Trustees. Report and the financial slatements in accordance wtth applicable law and United Kingdom Accounting Standard5 (United Kingdom GeneralSy Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trust68s musl not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of ils incoming resources and applÈ¢ation of resources, including its ncome and expenditure. for that period. In preparing these financial stslements. the Trustees are required lo: select suitable &counting policies and then apply them cOr7SiStent. observe the methods and principles of the Charities SORP {FRS 102).. make judgments and accounling estimates that are reasonable and prudent.. state whether applicable UK Accounliro Standards {FRS 102) have been followed, subject to any material departures disckjsed and explained in the financial statements- prepare the financial slatèments on the going concem basis unless it is inappropriate lo presume that the charity viill continue in business. The Trustees are responsibl8 for keeping adequate aGcounting records that a sufficient lo show and explain the charity's Iransactions and disclose with reasonable accuracy al any time the financial position of the charity and enable them to ensure Ihat the financial stalements 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. Disclosure of Infomiatlon to auditors Each of the persons who are Trustees at the time when this Trustees, Report is approved has confirmed that.. so far as that Trustee is aware, there is no relevant audil N)fonnation of which the charivs auditors are unaware. and that Trustee has taken all the sleps that ought to have b8en taken as a Trustee in order to be aware of any relevant audit information and to establish thal the chariws auditors are aware of that information. Approved by order of the members of the board of Trustees arKI signed on their behalf by. C M Billlngs Trustee Date.. 10111125 Page11
MANCROFT ADVICE PROJECT (MAP) IA Company Limited by Guarantee INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF MANCROFT ADVICE PROJECT IMAP) Opinion We have audited the financial statements of Mancroft Advice Project (MAP) (the 'charity'} for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements= give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of its incoming resources and application of resources. including its income and expenditure for the year then ended., have been properly prepared in accordance with United lQngdom Generally Accepted Accounting Practice., and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance Intemational Standards on Auditing (UKI IISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the Trustees, use of the going concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least fvrfelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Trustees th respect to going concern are described in the relevant sections of this report. Page 12
MANCROFT ADVICE PROJECT (MAP) IA Company Limited by Guarantee INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF MANCROFT ADVICE PROJECT IMAP) (CONTINUED) Other infomiation The other information comprises the infomiation induded in the Annual Report other than the financial statements and our Auditors, Report thereon. The Trustees are responsible for the other information contained thin the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent othemse explicitly stated in our report, do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent wth the financial statements or our knoedge obtained in the course of the audit, or othetwse appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine vthether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information. we are required to report that fact. We have nothing to report in this regard. Opinion on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the Trustees, Report for the financial year for which the financial statements are prepared is consistent the financial statements. the Trustees, Report has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light of our knOedge and understanding of the charitsble company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees, Report. We have nothing to report in respect of the foll0vng matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion= adequate accounting records have not been kept, or retums adequate for our audit have not been received from branches not visited by us- or the financial statements are not in agreement with the accounting records and returns,. or certain disclosures of Trustees, remuneration spectfied by law are not made., or we have not received all the information and explanations we require for our audit.. or the Trustees were not entided to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies. exemptions in preparing the Trustees, Report and from the requirement to prepare a Strategic Report. Page13
MANCROFT ADVICE PROJECT (MAP) IA Company Limited by Guarantee INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF MANCROFT ADVICE PROJECT IMAP) (CONTINUED) Responsibilities of trustees As explained more fully in the Trustees, Responsibilities Statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. Page 14
MANCROFT ADVICE PROJECT (MAP) IA Company Limited by Guarantee INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF MANCROFT ADVICE PROJECT IMAP) (CONTINUED) Auditors, responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance aboLrt whether the financial statements as a whole are free from material misstatement, whether due to fraud or error. and to issue an Auditors, Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance wth ISAS (UK) V¥411 always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if. individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The objectives of our audit in respect of fraud are,. to identify and assess the risks of material misstatement of the financial statements due to fraud,. to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses to those assessed risks- and to respond appropriately to instances of fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both the management and those charged V¥4th govemance of the charitable company. Due to the field in which the charitsble company operates, we identified the areas most likely to have a direct material impact on the financial statements as compliance wth UK accounting standards, the Companies Act 2006 and the Charities Act 2011. In addition. we considered the provisions of other laws and regulations which, whilst not having a direct impact on the financial statements, are fundamental to the charitable company's ability to operate including health and safety. employment law and compliance wth various other regulations relevant to the operation of the charitable company. Our approach to identifying and assessing the risk of material misststement in respect of irregularities including fraud and non-compliance with laws and regulations. included the following= Enquiry wth management about any actual or potential Ittigations and claims against the charity- Enquiry wth management about any known or suspected instances of non-compliance with laws and regulations and fraud., Reviewng legal and professional fees for indicators of undisclosed legal proceedings- Reviewing Board meeting minutes. Reviewng the Risk Register., Reviewng financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations- Assessing the risk of material misstatement of the financial statements, including the risk of material misstatement due to fraud and how it might occur, by holding discussions management and those charged with governance,. and Auditing the risk of management override of controls. including through testing of journal entries and other adjustments for appropriateness. Due to the inherent limitstions of an audit, there is a risk that we wll not detect all IegUlar1ties, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance wth a law or regulation is removed from the events and transactions reflected in the financial statements, as we viill be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregulari(ies occurring due to fraud rather than eOr, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. Page15
MANCROFT ADVICE PROJECT (MAP) IA Company Limited by Guarantee INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF MANCROFT ADVICE PROJECT {MAP) (CONTINUED) A further description of our responsibilib'es for the audit of the financial statements is located on the Financial Reporting Council's website at.. WM.frc.or -uklauditorsres onsibilities. This description forms part of our Auditors, Report. Use of our report This report is made solety to the charitsble company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to stste to them in an Auditors, Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitsble company and its members. as a body. for our audit work. for this report, or for the opinions we have formed. Joanne Fox BA FCA {Senior Statutory Auditor) for and on behalf of BW Audit Ltd Chartered Accountants Statutory Auditors Berry & Warren 54 Thorpe Road Nowch NR1 1RY Date.. 10 November 2025 Page 16
MANCROFT ADVICE PROJECT (MAP) IA Company Limited by Guarantee STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted funds 2025 Restricted funds 2025 Total funds 2025 Total runds 2024 Note Income from: Donations and legacies Charitable activities 25.917 3.563.064 53,170 3.625 6,000 620,443 31.917 4,183,507 53,170 3,625 32,810 3,466,982 45,915 894 Investments Other income Total income 3.645,776 626,443 4,272,219 3,546,601 Expenditure on: Charitable activities 3.535.136 496,062 4,031,198 3, 598,426 Total expenditure 3,535,136 496,062 4,031,198 3, 598,426 Net incomel(expenditure) Transfers beeen funds 110,640 105,750 130,381 1105,750) 241,021 (51, 825) 14 Net movement in funds 216,390 24,631 241,021 (51,825) Reconciliation of funds: Total funds brought forward Net movement in funds 2,057,988 216.390 144,207 24,631 2,202,195 241,021 2, 254,020 (51,825) Total funds carried forward 2.274.378 168,838 2.443,216 2, 202, 195 The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 20 to 36 form part of these financial statements. Page 17
MANCROFT ADVICE PROJECT (MAP) IA Company Limited by Guarantee) REGISTERED NUMBER: 05249208 BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Note Flxed asset5 Tangible assets 11 145,460 72.797 145,460 72,797 Current assets Debtors Cash at bank and in haTrJ 12 751,399 3.063.341 770, 750 2.087.398 3,814,740 2.858. 148 Creditors.. amounts falling due within one year 13 (1,516,984) (728, 750) Net current assets 2,297,756 2, 129,398 Total assels less current Ilabilitles 2,443,216 2, 202,195 Total net assets 2,443,216 2.202. 195 Charity funds Restricted funds Unrestricted funds 14 168,838 2,274.378 144,207 2,057,988 14 Total funds 2.443.216 2,202, 195 The Trustees acknowledge their responsibilitie5 for complying with the requirements of the Acl with respect to accounting records and preparation of financial statements. The financial siatements have been prepared in accordance with the provisions applicab16 to anlities subj'ect to the smau companies regime. The financial statements were approved and authorbsed for issue by the Trustees and signed on their behalf by.. C M Billings Trustee Date: 10111115 The notes on pages 20 to 36 form part of these financial statements. Page 18
MANCROFT ADVICE PROJECT (MAP) IA Company Limited by Guarantee STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Cash flows from operating activities Net cash used in operating activities 1,028,524 (126,323) Cash flows from investing activities Interest receivable Purchase of tangible fixed assets 53,170 (105,751 45,915 (85, 827) Net cash used in investing activities (52,581) (39,912) Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year 975,943 (166,235} 2, 253, 633 2.087.398 Cash and cash equivalents at the end of the year 3,063,341 2,087,398 The notes on pages 20 to 36 forni part of these financial ststements Page19
MANCROFT ADVICE PROJECT (MAP) IA Company Limited by Guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 General inforniation The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is The Risebrow Centre. Chantry Road, Norwch. Norfolk. NR2 1 RF. Accounting policies 2.1 Basis of preparation of financial statements The financial statements have been prepared in accordance the Charities SORP (FRS 102) Accounting and Reporting by Charities= Statement of Recommended Practice applicable to charities preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Mancroft Advice Project (MAP) meets the definition of a public benefit entity under FRS 102. Assets and liabilities are inib'ally recognised at historical cost or transaction value unless otheNise stated in the relevant accounting policy. 2.2 Going concern The financial statements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern. 2.3 Income All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Grants are included in the Statement of Financial Activits'es on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued. Cxher income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service. Page 20
MANCROFT ADVICE PROJECT (MAP) IA Company Limited by Guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (continued) 2.4 Expenditure Expenditure is recognised on an accruals basis once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settiement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activty. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent wth the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the ports'on of the asset's use. Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. 2.5 Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity., this is normally upon notification of the interest paid or payable by the institution with thom the funds are deposited. 2.6 Tangible fixed assets and depreciation Tangible fixed assets costing £2,000 or more are capitalised and recognised when future economi benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be induded in the measurement of cost. Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives. Depreciation is provided on the foll0Yng bases.. Property improvements Fixtures and fittings Computer equipment over the lrfe of the lease 250/0 Straight line 33% straight line 2.7 Debtory Trade and other debtors are recognised at the setuement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 2.8 Cash at bank and in hand Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Page 21
MANCROFT ADVICE PROJECT (MAP) IA Company Limited by Guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (continued) 2.9 Liabilities and provisions Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the setdement can be estimated reliably. Liabilities are recognised at the amount that the charity anticipates it wll pay to settle the debt or the amount it has received as advanced payments for the goods or SeiceS it must provide. 2.10 Financial instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. 2.11 Operating leases Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight-line basis over the lease temi. 2.12 Pensions The charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charity to the fund in respect of the year. 2.13 Fund accounting General funds are unrestricted funds vthich are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and vthich have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the TNstees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Restricted funds are funds which are to be used in accordance wth spectfic restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Investment income, gains and losses are allocated to the appropriate fund. Income from donations and legacies Unrestricted funds 2025 Restricted funds 2025 Total funds 2025 Page 22
MANCROFT ADVICE PROJECT (MAP) IA Company Limited by Guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Income from donations and legacies (continued) Unrestricted funds 2025 Restricted funds 2025 Total funds 2025 Donations 25,917 6,000 31.917 Unrestricted funds 2024 RestriGted funds 2024 Total funds 2024 Donations 12,810 20, 000 32,810 Income from charitable activities Unrestricted funds 2025 Restricted funds 2025 Total funds 2025 Advice services 536,269 1.403.095 1,366,067 257,633 303,099 43,657 266,608 7,079 839,368 1,446.752 1,632,675 264,712 Therapeutic services Youth work SeICeS TALK 3,563,064 620,443 4,183,507 Unrestricted runds 2024 Restncted funds 2024 Total funds 2024 Advice services Therapeutic services Youth work services 471,545 1,432,562 924,301 265, 128 42,200 331, 246 736,673 1,474, 762 1, 255, 547 2,828,408 638, 574 3,466,982 Page 23
MANCROFT ADVICE PROJECT (MAP) IA Company Limited by Guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Investment income Unrestricted funds 2025 Total funds 2025 Total funds 2024 Bank interest receivable 53,170 53,170 45,915 Total 2025 53,170 53,170 45,915 Total 2024 45,915 45,915 Other incoming resources Unrestricted funds 2025 Totsl funds 2025 Total funds 2024 Training l eamed income 3,625 3,625 894 Total 2025 3,625 3,625 894 Total 2024 894 894 Analysis of expenditure by activities Activities undertaken directly 2025 Support costs 2025 Total funds 2025 Charitable activities 4.019,409 11,789 4,031,198 Page 24
MANCROFT ADVICE PROJECT (MAP) IA Company Limited by Guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Analysis of expenditure by activities (continued) Actwities undertaken directly 2024 Support costs 2024 Total funds 2024 Charitable activities 3,587,926 10,500 3, 598,426 Analysis of direct costs Service delivery 2025 Total funds 2025 Total funds 2024 Staff costs Other staff costs 3,165,974 130.283 225,332 45.827 114,095 43,340 261.470 33,088 3,165,974 130.283 225,332 45,827 114,095 43,340 261,470 33,088 2, 631, 596 110, 778 225, 825 36, 096 87,01t 48,473 432, 71T 15,430 Accommodation costs Business administration costs Equipment costs Service support costs Project specific costs Depreciation 4.019.409 4.019.409 3,587,926 Analysis of support costs Advice services 2025 Total funds 2025 Total funds 2024 Governance costs 11,789 11,789 10,500 Page 25
MANCROFT ADVICE PROJECT (MAP) IA Company Limited by Guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Auditors. remuneration 2025 2024 Fees payable to the charity's auditor for the audit of the charitys annual accounts 9,300 10,500 Fees payable to the charity's auditor in respect of.. Payroll services provided by auditor 6, 785 Stsff costs 2025 2024 Wages and salaries Social security costs Contribution to defined contribLrtion pension schemes 2,784,750 248,317 132,907 2,321, 130 187,252 123,214 3,165,974 2, 631, 596 Key management personnel remuneration amounted to £405,436 (2024.. £384,784) in respect of nine employees (2024.. 9). The average number of persons employed by the charity during the year was as follows.. 2025 No. 2024 No. 109 97 The number of employees vthose employee benefits (excluding employer pension costs} exceeded £60,000 was.. 2025 No. 2024 No. In the band £60,001- £70,000 In the band £70,001- £80,000 10. Trustees. remuneration and expenses During the year, no Trustees received any remuneration or other benefits (2024 - £NIL). During the year ended 31 March 2025, no Trustee expenses have been incurred (2024- £NIL). Page 26
MANCROFT ADVICE PROJECT (MAP) IA Company Limited by Guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 11. Tangible fixed assets Leasehold property Fixtures and improvements fittings Computer equipment Total Cost or valuation At 1 April 2024 Additions 240,444 105,751 5.370 5,668 251,482 105,751 At 31 March 2025 346,195 5.370 5,668 357,233 Depreciation At 1 April 2024 Charge for the year 167,647 33,088 5.370 5,668 178,685 33,088 At 31 March 2025 200,735 5.370 5,668 211,773 Net book value At 31 March 2025 145.460 145.460 At 31 March 2024 72, 797 72, 797 12. Debtors 2025 2024 Due within one year Trade debtors Prepayments and accrued income 693,833 57,566 689, 950 80, 800 751,399 770, 750 Page 27
MANCROFT ADVICE PROJECT (MAP) IA Company Limited by Guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 13. Creditors: Amounts falling due within one year 2025 2024 Trade creditors Other taxation and social security Accruals and deferred income 57,256 56.568 1,403,160 65, 257 45, 630 617,863 1,516,984 728, 750 2025 2024 Deferred income at 1 April 2024 Resources deferred during the year Amounts released from previous periods 567,680 (567,680 1,354,423 148, 265 (148,265) 567, 680 1,354,423 567, 680 Page 28
MANCROFT ADVICE PROJECT (MAP) IA Company Limited by Guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 14. Statement of funds Statement of funds - current year Balance at 31 March 2025 Balance at 1 April 2024 Transfers inlout Income Expenditure Unrestricted funds Designated funds Propety fixed asset fund Cost of living fund Project funds 72.797 191,850 293,341 72.663 (151,532} 66,373 145.460 40,318 359,714 557,988 (12,496) 545,492 General funds General Funds 1,500,000 3,645,776 13,535,136} 118,246 1,728,886 Total Unrestricted funds 2,057,988 3,645,776 13,535,136) 105,750 2,274,378 Designated funds Property fixed asset fund - Funds set aside for capitsl improvements to properties. Cost of living fund - Funds set aside to respond to inflation pressures. Project funds - Funds set aside for specific projects which are to be spent in future periods. Page 29
MANCROFT ADVICE PROJECT (MAP) IA Company Limited by Guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 14. Statement of funds Icontinued) Balance at 31 March 2025 Balance at 1 April 2024 Transfers inlout Income Expenditure Restricted funds Access to Justice Foundation Age Concern Blagrave Trust Catton Grove Big Local Children in Need 80.556 8,831 44,000 8,678 179,4061 18,831 (44,051) 110.5141 17,661) 12201 (11,802) {1,4111 11.9741 (62,100) {53,220) 161.2781 (105,2691 (18,475) 16.667 {387) (10,000 {556 1,150 26,516 1.836 7,661 26,465 Childrens Alliance Donations Dulverton Trust 8,752 7,000 8,532 198 5,000 1,411 1,974 30,900 436 GY Open Access Henry Smith Foundation National Citizens Service Trust 62,400 52,784 61.612 98,031 18,475 56.000 31,200 National Lottery Norfolk Community Foundation Norfolk County Council Norwch Charitsble Trusts Paul Hamlyn Foundation Ranworth Trust 25,340 28,133 25.674 20,895 49.333 4,613 5,000 10,000 Right to Succeed Social Investment Business Foundation St Peter Mancroft PCC 1,334 778 105,750 12,240 (105,750 {12,240> 144,207 626,443 (496.0621 (105.7501 168.838 Total of funds 2,202,195 4,272,219 14,031,198) 2,443,216 Page 30
MANCROFT ADVICE PROJECT (MAP) IA Company Limited by Guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 14. Statement of funds Icontinued) Restricted funds Access to Justice Foundation - Advice and support to resolve legal problems Age Concern - Health related advi Blagrave Trust- Support for young people to influence policy and support for staff wellbeing Catton Grove Big Local - Dropin and outreach activities Centre for Youth Impact- Impact network Childrens Alliance- A Waterbabies project for leaming to swm Children in Need- Group work Donations - Gender identity support. therapeutic support and emergency food Dulverton Trust- Communty Youth Banks project. GY Open Access- Group work Henry Smith Foundation- Young parents support Intereg 2 Seas - European Education Project National Citizens Service Trust- A social action project National Lottery - An advice partnership with Norfolk Cits"zen's Advice. Citizens Advice Diss and Thetford and Norfolk Community Law Service. NHS Norfolk and Waveney - Advice work and inflation costs Norfolk Community Foundation - Supporting Positive Activities and Community Engagement ISPACEI Youth Fund, Sir Norman Lamb Mental Health & Wellbeing Fund, DCMS Know Your Neighbourhood fund, Public Health - Empowering Communities for Mental Health and Wellbeing Fund, Surviving Winter Fund, Healthy Young Minds Fund and Empowering Communities Fund supporting group work, mental health, gender identity and young parents Norfolk County Council A Public Health suicide prevention and an advice partnership with Norfolk Community Advice Nthork NonNich Charitable Trusts - Support from Nop4vich Consolidated Charities and Anguishes to provide advice and group work. One Norwich - Health related advice Paul Hamlyn Foundation - Evaluation and showcasing Ranworth Trust- Group work. st Peter Mancroft Church - Rent costs in Nonmch. Page 31
MANCROFT ADVICE PROJECT (MAP) IA Company Limited by Guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 14. Statement of funds Icontinued) Right to Succeed - Administration and event support Social investment Business Foundation improvements. Youth Investrnent Fund capitsl grant for building YAB - Social Action activities Transfers - transfers made from restricted funds reflect where capital grants have been received and subsequently spent on capital projects. Statement of funds - prior year Balance at 31 March 2024 Balance at 1 April 2023 Transfers in/out Income Expenditure Unrestricted funds Designated funds Propety fixed asset fund Cost of living fund Project funds 101,871 285,956 216,245 (29,074) (134.423) (27,500) 72, 797 191,850 293, 341 40,317 77, 096 27,500 604,072 27,500 (190, 997) 117,413 557, 988 General funds General Funds 1,300,000 2,860,527 (2,541,412) (119, 115) 1, 500,000 Total Unrestricted funds 1,904,072 2,888,027 (2, 732,409) (1, 702) 2, 057, 988 Page 32
MANCROFT ADVICE PROJECT (MAP) IA Company Limited by Guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 14. Statement of funds Icontinued) Restricted funds National Lottery Norfolk Community Foundation Henry Smith Foundation Norfolk County Council YAB 24,890 14.715 68,322 72,973 61,800 18,475 114,636 14,223 14.279 (67,872) (59, 555) (30, 900) (18,475) (213, 127) (174,223) (14,279) (8, 765) (2,OOOJ (16, 787) 25, 340 28, 133 30, 900 98,491 160,000 NHS Norfolk and Waveney Sir Peter Mancroft Church Norwch Charitsble Trusts EMR 8, 765 2,(100 18. 198 2,000 59,324 1,445 (66,243) 10,000 Dulverton Trust 1,411 NSPCC (2,000) Centre for Youth Impact Catton Grove Big Local Intereg 2 Seas Ranworth Trust Children in Need (59,324) (7,590) 7,981 64,541 10.000 38, 157 38,327 47.300 16,560 5,000 20,000 48,000 1,836 1, 702 (10,000) (30,496) (38,327) (27, 951) (16, 124) 10,000 7,661 One Norwich Blagrave Trust National Citizens Service Trust 7. 167 26,516 436 Paul Hamlyn Foundation Donations 5,000 5,000 5.000 (20,000) (48,OOOJ (764J (1,458) NCAN General GY Open Access Other 2. 738 1,458 1,974 349.948 658.574 (866,017) 1. 702 144,20T Total of funds 2,254,020 3,546, 601 (3.598,426) 2, 202, 195 Page 33
MANCROFT ADVICE PROJECT (MAP) IA Company Limited by Guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 15. Analysis of net assets between funds Analysis of net assets between funds - current year Unrestricted Restricted funds funds 2025 2025 Total funds 2025 Tangible fixed assets Current assets 145,460 3,645,902 (1.516,9841 145.460 3,814,740 (1,516,984 168,838 Creditors due wthin one year Total 2,274,378 168,838 2,443,216 Analysis of net assets between funds - prior year Unrestricted funds 2024 Restncted funds 2024 Total funds 2024 Tangible fixed assets Current assets Creditors due V¥4thin one year 72, 797 2, 713,941 (728, 750) 72, 797 2, 858, 148 (728, 750) 144,207 Total 2,057. 988 144,207 2, 202, 195 16. Reconciliation of net movement in funds to net cash flow from operating activities 2025 2024 Net incomelexpenditure for the year (as per Statement of Financial Activities) 241,021 (51,825) Adjustments for: Depreciation charges Dividends, interests and rents from investments Decreasel(increase) in debtors Increase in creditors 33,088 (53,170) 19.351 788,234 15,430 (45,915) (514,675) 470, 602 Net cash provided byl(used in) operating activities 1,028,524 (126,323) Page 34
MANCROFT ADVICE PROJECT (MAP) IA Company Limited by Guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 17. Analysis of cash and cash èquivalents 2025 2024 Cash in hand 3,063,341 2,087,398 Total cash and cash equivalents 3.063.341 2,087,398 18. Analysis of changes in net debt At 1 April 2024 Cash flows At 31 March 2025 Cash at bank and in hand 2,087,398 975,943 3,063,341 2,087,398 975,943 3,063,341 19. Capital commitments 2025 2024 Contracted for but not provided in these financial statements Acquisition of tangible fixed assets 96,875 20. Pension commilments The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fvnd and amounted to £132,906 (2024 £123,214). No amounts were outstsnding at the balance sheet date. Page 35
MANCROFT ADVICE PROJECT (MAP) IA Company Limited by Guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 21. Operating lease commitments At 31 March 2025 the charity had commitments to make future minimum lease payments under non- cancellable operating leases as follows= 2025 2024 Not later than 1 year Later than 1 year and not later than 5 years 108.183 248,568 112,205 156,034 356,751 268, 239 22. Related party transactions During the year, core grants were received from John Risebrows charity amounting to £57,000 (2024 - £57, 000). The Revd E J Carter is trustee of John Risebrovls charity. A grant amounting to £12,240 (2024 - £14,279) was received from St Peter Mancroft Church, payments to St Peter Mancroft Church amounted to £16,027 (2024 - £15,309) and rent of £39,194 (2024 - £39.1941 was paid to St Peter Mancroft Mission Hall Trust. The Revd E J Carter is trustee of these organisations. Page 36
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Charity Number: 1107927 Company number: 05249208 Charity Number: 1107927 =Company number: 05249208