4CT LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Registered Charity No. 1120417 Company Registration No: 04750811 4CT LIMITED INDEX PAGE NUMBER CONTENTS TRUSTEES ANNUAL REPORT 8-10 AUDITORS REPORT li STATEMENT OF FINANCIAL AcfiviTIES 12 BALANCE SHEET 13 STATEMENT OF CASH FLOWS 14-26 NOTES TO THE ACCOUNTS 4cr LIMITED Report of the trustees for the year ended 31" March 2025 The trustees present their annual directors, report and financial statements of the charity for the st year ended 31 March 2025 which are also prepared to meet the requirements for a directors, report and accounts for Companies Act purposes. The financial statements comply with the Charities Att 2011, the Companies Act 2006, the Memorandum and Articles of Association, and the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 (effective I January 2019). Objectives and activities l. The charity's objetts I"Objects°l are specifically restricted to the following: la) To promote the benefit of the inhabitants of Greater Manchester (hereinafter called the 'area of benefit, by associating the local authorities, voluntary organisations, other agencies and inhabitants in a common effort to advance education and to provide facilities in the intere5t5 of social welfare for the recreation and leisure-time occupation with the object of improving the conditions of life of the said inhabitants, and (b} The promotion of the voluntary sector forthe benefit of the public. For the purpose of this object, the voluntary sector means charities and voluntary sector organisations as follows: Charities are organisations established for exclusively charitable purposes in accordance with the law of England and Wales; Voluntary organisations are independent organisations, which are established for purposes that add value to the community as a whole or significant settion of the community, and which are not permitted by their constitution to make a profit for private distribution. Voluntary organisations do not include local government or otherstatutory authorities. 4cfs main work is across 4 ke themes: l. Developing facllltles 4cr Mana ed Communi Facilitie5 The Grange, In Beswick, open for 19 years as a multi-purpose community venue Sporting Edge, in Openshaw, a youth and community 5POrts centre opened in 2008 Broadhurst Community Centre, operated since 2018 Stirling Centre in Newton Heath operated since 2023 Other Centres Other centres- supporting centres in other area5 such as Gorton and Newton Heath, offering support, interim management and development of other centres, working with these centres to jointly develop sustainable facilities with robust policie5 and procedures, delivering the best possible seniices for local service users and helping to co-ordinate local networks and partnerships. 4cr LIMITED Our previous CEO acted as the partnership Directorfor Levenshulme Inspire Centre, and we collaborate on joint work such as the Holiday Activity Fund. 2. Building Capacity A broad term forthe work we do to support other community organisation5, this can be anything from handling a small grant for a local group, organising DBS checks for staff or volunteers or more formal consultancy work where a group pays for 4CT expertise to help with a particular issue. 3. Valuing Children and Young People Children and Youn Peo le with Disabilities I club for young adults per week (aged 18-25) 4 clubs for children and young people providing short breaks110-17 year olds) 6 Saturday clubs for children and young people14-10 year olds) Holiday playschemes (6-12 year olds) Youth and Pla 4CT continues to be a lead agency for the East Manchester Youth and Play Partnership, this includes holding the funding for 5 other groups and working collaboratively with wide range of groups. This contract has been renewed regularly since 2020. we received funding for 2024-2025. An extension of this funding will continue in 2025-2026, 4CTwill be a recipient of a grant with East Manchesteryouth and Play Partnership being the Lead agency. 4CT also ran playschemes in East Manchester and co-ordinated a wider HAF programme for 6 agencies and a citywide SEND programme 4. Delivering SeNices From dancing and table tennis, lunch clubs and c05t of living support we deliver a range of activity in and around our centres to support local communities. The trustees confirm that they have referred to the Charity Commi55ion's guidance on public benefit when reviewing the Charitls aim5 and objettives, in planning future activities, and setting the policies for the year. The charity furthers its charitable purposes for the public benefit through 4cr delivers a wide range of services and activities that contribute to improved quality of life for participants and improve the wider area. Examples of community benefit achieved by 4cr include free acce55 to services such as computers and sports services through the facilities we manage access to positive diversionary activities for children and young people through ouryouth and play programmes and wider community benefit of reduced nuisance and anti-social behaviour. 4cr produced an impact report in September 2024 that summarised all the work we had undertaken during the summer school holiday periods. We continue to respond to support communities after the Covid pandemic and during the cost-of-living crisis. 4cr LIMITED Financial review We were unable to add to our reserves due to a reduction in core funding combined with increased costs in this financial year. We will continue to explore a diverse range of income generating activities. Investment powers and policy The trustee5, having regard to the liquidity requirements of operating the charity, have kept available funds in the current account. ReseNes Policy and Going Concern The balance held in unrestricted reserves at 31" March 2025 was £93,491 (2024- £131,271), which included £30,000 designated reserves (2024 - £30,000). Free reserves at 31" March 2025 was £58,771 {2024- £90,431), after allowing for designated funds and funds tied up in fixed assets. The Trustees aim to maintain free reserve5 at a level equivalent to approximately three months of unrestricted charitable expenditure. This provides sufficient funds to meet operational costs, governance commitments, and respond to grant opportunities. The charity's main sources of income are grants from Manchester City Council, the Peter Kershaw Trust, and The National Lottery, and fees from facility hire at Sporting Edge. After reviewing the charity's financial position and income streams, the Trustees consider it appropriate to prepare the accounts on a going concern basis. No adjustments have been made forthe potential cessation of these income sources. Risk management The business continuity plan was updated in December 2024 and amended in April 2025. All policies and procedures are reviewed against our policy schedule. Safeguarding and Health and Safety Policies are reviewed at board annually with other pollcie5 reviewed bi-annually unless significant legislation 15 passed. Risk assessments are reviewed annuallyi and a risk register is drawn up and reviewed at each board meeting. Health and safety and safeguarding incidents are reported tothe Board and our Quality Policy and conduct monthly quality audit. Procedures are in place to establish compliance with legislation and good practice. Plans for Future Periods 4￿ have produced a business plan for 2025-28. The Charity will continue to deliver ouryouth and Play work, managing its current community facilities and community development remaining our core offer. We have recently purchased a building in Gorton which will be used by community groups starting from February 2026. In addition, the Stirling Centre in Newton Heath will also have a modular youth space added to the building and we will develop further work there. The Charity has secured grants for its youth and play work, core funding and detached youthwork funding for Beswick for a further three years. We will continue to apply for Holiday Activityfunding for SEND young people and as lead partner for organisations across East Manchester. 4cr are exploring the Possibility of merging with another local charity YPAC Manchester to increase the delivery Df youthwork in the area whilst reducing overheads. 4cr UMITED Structure• governance and management 4cr Limited is a private company limited by guarantee governed by its Memorandum and Articles of Association dated July 2012. 4CT was established in 2005 and registered as a charity in England and Wales in August 2007. We continue to recruit new trustees that add to our existing skills, knowledge and experience. Appointment of trustees As set out in the Articles of Association trustees are elected annually by the members of the charitable company attending the Annual General meeting and serve for a period of 3 years. Trustee induction and training Most trustees are already familiar with the work of the charity 35 a result of being local people and due to their Involvement in the charity. Additionally, new trustees are invited and encouraged to attend induction and training in relevant policies and procedures as and when necessary. Organi5ation The board of trustees administers the charity. The board normally meets quarterly. A Chief Executive is appointed by the trustees to manage the day-to-day operations of the charity. Key Staff Remuneration The charity follows Charity Commission guidance in setting the remuneration of key management personnel. Trustees ensure that any payments made are reasonable and justified, and that there is a clear link between pay and the responsibilities of the role, In determining appropriate salary level5, Trustees consider benchmarking information from comparable charities and third sector organisations, alongside the individual's skills, qualifications and experience, and the scope and complexity of the role. The charity's income, resources and long-term financial sustainability are also taken into account. All remuneration decisions are made by the Trustees, with any conflicts of interest identified and managed in accordance with the Charitvs conflict of interest policy. Related parties and co-operation with other organisations None of our trustees receive remuneration or other benefit from their work with the charity. Any connection between a trustee or senior managerwith any service providers must be disclosed to the full board of trustees in the same way as any other contractual relationship with a related party. Any related party transactions in the year are disclosed in Note 2 of the accounts. Acting as a custodian for other organisations, funds In line with our aim of building capacity acros5 the sector, the charity atts as a custodian for funds on behalf of other organisations. There are a number of reasons why an organisation may be unable to hold funds in its own right. These can include not having a bank account, not having enough people involved to meet grant providers, requirements for financial controls, lacking the appropriate organisational structure to receive fundingi or feeling that they do not yet have the resources or expertise to manage funds safely themselves. When the charity agrees to hold funds on behalf of another organisation, this 15 5UPPOrted by formal application process and the provision of appropriate identification. In some cases, the grant 4cr LIMITED providerf5 terms require the funds to be held by the charity. All funds are held separatelyi and any movement of money must be supported by written authorisation from a designated representative of the organisation. Details in these fund5 can be found in Note 13. Volunteers 4￿ uses volunteers to provide additional support to our paid staff in delivering services. Volunteers play a particularly important role in our community development work, helping us to extend our reach and respond more effectively to local needs. All volunteers are offered appropriate support and training throughout their time with us, ensuring they feel confident in their role and are able to contribute safely and effectively. Reference and admlnlstrative information Charity Name: 4CT Limited Charity Nurnber: 1120417 Company Registration Number: 04750811 Directors and trustees The directors of the charitable company {the charity) are its trustees for the purpose of charity law. The trustees and officers serving during the year and since the year end were as follow5: Key management personnel: Trustees and Dirertors Susan Brookes Treasurer (resigned December 2024) Jane Chadfield Leslie Chadfield David Iredale Jenna Hillyard Tracy Sparkes Councillor Con Keegan Claire Evans Company Secretary Christine Connaughton Company Secretary Christopher Macintosh Company Secretary Chair of Trustees (appointed December 2024) {appointed March 2025) (resigned April 20251 (appointed January 2025) {appointed April 20251 Chief Executive Claire Evans Resigned January 2025 Christopher Macintosh Appointed March 2025 Registered Office The Grange Pilgrim Drive Beswick Manchester MII 3TQ 4cr LIMITED Auditors TC Group Park House 200 Drake Street Rochdale OL16 IPJ Independent Examiners Hilton Jones Va Community Accountancyservice Hollinwood Business Centre Albert Street Oldham OL8 3QL Bankers The Co-operative Bank plc l Balloon Street Manchester M60 4EP 4CT LIMITED Trustees responsibilities in relatlon to the financlal statements The charity trustees (who are also the directors of 4CT Limited for the purposes of company lawl are responsible for preparing a trustees, annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice). Company law requires the charity trustees to prepare financial statements for each year which give a true and fairview 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 that period. In preparing the financial statements, the trustees are required to: Select suitable accounting princlples and then apply them consistently. Observe the methods and principles in the applicable Charities SORP,. Make judgments and estimates that are reasonable and prudent," State whether applicable accounting standards have been followed, subjectto any materlal departures that must be disclosed and explained in the financial statements; Prepare the financial statements on a going concern basis unless it is appropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the trustees are aware there is no relevant audit information of which the charitable company'5 auditors are unaware, and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information. This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies." By order of the board of trustees David Iredale Chair th Date., 30 January 2026 REPORT OF TKE INDEPENDENT AUDITORS TO THE TRUSTEES OF 4CT LIMITED Opinion We have audited the financial statements of 4CT Limited (the 'charitable company) for the year ended 31 March 2025 wbich comprise the Ststement of Financial Activities, the Balance Sheet. the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The finmllcial reporting framework that has been applied in their preparation is applicable law nd United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Prnctice). In our opinion the fllwicial statements.. giv¢ a trne and fair view of the sts* of the charitable company's affairs 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 Kingdom Generally A¢cepted Accounting Practice. arLd have been prepared iti accordance with the requirements of the Companies Act 2006. BASIS for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are fijrtber described ID the Auditors, responsibilities for the audit of the fmancial statements section of our report. We independent of the Ch￿itable company ill accordance witb the ethical requirements that are relevant to our audit of th¢ financial slat¢nwits in the Ull including the FRC'S Ethical Standard, and we have fulfilled our other ¢thi¢al responsxbilities in accordance with these requir¢ments. We believe that the audit evidenc¢ we have obtained is sufficient alld appropriate to provide a b&%is for our opinion. Other matter As this is the first year that the charity has required an audit, the corresponding figures for 2024 are unaudited. Conclusions relating to going concern In auditing the fm8n¢ial statements, we have ¢oncluded that the thLStee5' use of the going concern basis of accounting in the preparation of the financial sthtem¢nts is appropriate. Based on the work we have perforni¢d, we have not identified any matertal uncertainties relating to events or conditions tbat. individually or collectively. may cast significant doubt on the cbaritsble company's ability to continue Is a going concern for a period of at least twelve months from when the finatLcial staternents are #uthorised for issue. Our r¢sponsibiliti¢s and the f¢SPQDsibilities of the trustees with respect to going concern are de￿ibed in the relevatLt sections of this report. Other inforniation The trustees are responsible for the other infornjation. The other inforniation comprises the information included in the Annual Repor other than th¢ finall¢ial statements and our Report of the Independent Auditors th¢reon. Our opinion on the f￿ancial statements does not cover the other iDfolltLation and, except to the extent otherwise explicitly stated in our report, we do not express any fomi of assurance conclusion thereon. In connection with our audit of the fit)ancAal staten￿nts. our responsibility is to read the other inforni&tion in doing so, Consider wh¢tber the othw inforniation is materially inconsistent with the fuwicial Statell￿nts or our knowledge obtained in the audit or otherwise appears to be nHterially misstated. If we identify such material inconsistencies or apparent Illa￿7a1 njisstatements, we are required to deterniine whether this gives rise to a material misstatement in the fllwicial statements the￿￿eLVeS. If, based on ¢be work we have p￿OrnI¢d, we conclude that th¢r¢ 15 a ma￿1a1 misstatement of this other infomlatioll, w¢ ar¢ required to report that fa¢t. We have nothing to report in this regard. Matters on which we are required to report by exception We have nothing to report in respect of the ftillowing matters where the ChaTities (Accounts and Reports) Regulations 2008 requires us to report to you if. in our opinion.. the infom)ation given in th¢ Rqkn of the Trustees is inconsistent in any material respect with the finan¢iai statements" or the clwitable company has not kept adequate ￿Counting T￿ordS. or the financial ststements are not in agreement with the accounting records and rettm)s' or we have not received all the infollnation and explanations we require for our audit. Respollsibl]Sties of trustee5 As explained more fjJlly in the Ststement of Trustees, Responsibilities. the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the prepardtion of the financial statements and for being Satisfi￿ that they give a ue and fair view. and for such internal control as the trustees determine is necessary to enable the preparation of financial ststenwits that are free from material misstatement. whether due to fraud or error. In prepaTing the fllwicial statements. the trustees are TespoDsible for assessing the charitsble company's ability to continue as a going concern. disclosing, applicable. matters related to going concern and using the going coThc¢rn basis of accounting unless the trnstees either intend to liquldate the charitable company or to cease operations. or have no realistic alternative but to do so. REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF 4CT LIMITED Our responslbllltles for the audit of the financlal statements We have been &ppoint¢d as auditors under Section 144 of the Charities Act 2011 and r¢port in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error. and to issue a Report of the Independent Auditors that includes our opinion. Re&sonabl¢ assurance is high level of assurdnc¢, but is not a guardntee that an audit conducted in accordance with ISAS (UK) will always detect a material misst8tem¢nt when it exists. Misststements can arise from fraud or error and are Considered Mat￿la1 if. individually or in the aggrega they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Our approach to identifying and assessing the risks of material misstatement in respect of irregularities. including fraud and non-complian¢¢ with laws and regulations. w&8 as follows: -the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and r¢gulations; -we identified the laws and regulations applicable to the company through discussions with directors and other managemenL and from our commercial knowledge and experience of charities. -we focused on specific laws and regulations which we considered may have a direct material effert on the financial statements or the operations of the charity. including the Clwities Act 201 land Companies Act 2006 and -we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and Inspecting legal Correspondence where necessary, -id¢ntified laws ond regulations w¢re communicated within the audit team re8ularly and the team remained alert to instances of non-compliance throughout the audit. We assessed the susceptibility of the charity's financial statements to material misstatemenL including obtsinxllg an understanding of how fraud might occur. by.. -making enquiries of management as to where they consid¢r¢d there was susceptibility to fraud, their l(nowledge of acttwl, suspected and alleged fraud alld onsidering dle internal controls in place to mitigate risks of fraud and non-compliance wlth laws and Tegulations. To address the risk of frdud through management bias and override of controls. w¢: -perfonned 8nalytical procedures to identify any unusual or unexpected relationships. -tested journal entries to identify unusual trallsactions. -assessed whether judgements and assumpts'ons made in det¢rn]ining the accounting estimates were indicative of potential bias. and -investigated the rationale behind sigDifieallt or unusual transa¢tions. In r¢spons¢ to the risk of irregularities and non-complianc¢ wlth laws and regulations. we de5ign¢d procedures which in¢luded. but were not limited to.. -agreeing fman¢ial ststement disclosures to underlying supporting documentation. -enquiTing of management as to actual alld potential ]itigation and claims. and -reviewing cottespondence with HMRC. There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial traDsaGtions. the less likely it is that we would bewme aware of non-compliance. Auditing standards also limit the audit procedures required to id¢ntify non-compliance with laws and regulations to enquiry of the directors and other mallagem¢Tht and the inspection of regulatory and legal corresponden￿. if any. Material misstatements that arise due to fraud call be harder to detect than those that arise from error as they may involve deliberate concealment or collu5101L REPORT OF THE INDEPENDEKf AtrDITORS TO THE TRUSTEES OF 4CT LIMITED A fifftber description of our responsibilities for the audit of the financial ststements is located on the Finallcial Reporting Council's website at www.frc.org.uklauditorsresponsibilities. This description forn]s part of our Report of the tndependent Auditors. Use of our report This report is made solely to the charitable company's tn￿tees, as a body. in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them An an auditors, report and for no other purpose. To th¢ fvllest extent pennitted by law, we do not acttpt or assume rcsponsibility to anyone other than the cftwitable company al￿ the chatitable CompaTh￿S trustees as a body* for our audit work. for this report, or for the opinions we have fornied. TC Group Statutory AuditOTS Eligible to act as an auditor in t¢nns of S¢¢tion 1212 of the Companies Act 2006 Park House 200 Drake Street Rochdale Lancasbire OL16 IPJ Date: 30th Janwry 2026 io 4CT LIMITED 11 ENTOF FINANcfALACT IES FOR THE YEAR ENDED 31 MARCH 2025 INCLUDING NCOME AND EXPEND￿uRE ACCOU Total Funds Totql Fund8 Year Ehded 31 March Yéar Endod 31 2025 March 2024 Unr8strtctéd Fund5 Rostrlctsd Fund FurthqrDota115 In￿rne from: Donafjons and legades CharitableAdvWe$ Other Trading A¢￿￿tieS Total {31 141 151 4,613 343.920 20.404 368,937 2,￿0 763￿5 7.513 1.107.453 20.404 1,135,370 970,159 13,883 984.042 766.433 Expondlturé on: R8islng Funds CharflabJÈ AcU¥M95 Totsl 161 161 192.897 60B,811 BOI.708 191897 981,815 1,174,712 197.194 810.476 ICK17.670 373,004 373.004 N•t ljwmelloxpondliurnl 14,0671 135.2751 139,3421 123.6281 Transf￿ betsve8n frjnds 133.7131 33,713 N•t movement In funds 137.7801 11.5621 139.3421 123.6281 Rèconclllduon of lund8 Total fvnd5 broughtforward Total funds eathèd foTward 1141 131.271 93.491 13.093 11.531 144364 105.022 167.992 144,364 The stotement of financl81 a¢￿￿￿¢$ Includes all galns and lossès recognlsed In Ihe year. AN Incom6 8tvJ expendrture derive from conlnuing activities. The nol¢$ on paye5 14 to 26 form part olthos* a¢wunts. UMITED 12 BALANCE SHEET AS AT31 MARCH 2025 Company ￿￿￿tratIon numbBr: 04750811 Unrastrlctsd R8strlct8d Funds Funds 2025 2024 Flx•d ass•ts.. Tan9ibl8 a55ets Total fixed assets (101 4.720 4.720 8.129 8.129 12,849 12.849 13.959 13.959 Currant a8s818: Dabtors Cash at Bank & In Hand Tolal cjjrrent assets 1121 68,591 90,391 158,982 7,913 11.373 19.286 76.504 101.764 178.268 150,414 85.960 236.374 Llabllltte$: CrodltOT5: Amountsfvlllng duo %*ithln ￿n&￿al 1131 70,211 16.884 86.095 10S.969 Nel Current OS5Bts 88.771 3.402 92.1n 130.405 Total assets less currentllabnil￿s 93A91 11.531 105,022 144.364 Totsl net as&ets 93,491 11.531 105.022 144.364 Tho fvnds oftho Gharfty: RestrictÈd lThcome funds 1141 11.531 11,531 18,093 Vnrestricted Income funds 1141 93,491 93,491 131.271 Total charltyfvnds 93,491 11.531 105,022 144.364 Forthe period In qUeS￿On the companywas entltled to the exemptloTh conferred by5ectlon 477 of the Cotnpanie5 Act 2006. and that no not[￿ has been deposlted undersectlon 476 in relatlon to Its accounts forthe finandÈl year.. and the dlrectors acknowled8ethelrresponslbllitlesfor.' - comptylngwith the requirements of the Companles Art2C¥J6wlth respett to aryountittg record5 and the preparatiork of accounts. These a¢counts have been prepared in a¢¢Ordan￿wIth the provlsions appllc8ble to companie55ubjert to the small companie5. regime. AppTDved bythe trustees on 30th Jonuary2026 ),L David Iredale Chair The notes cn p8g05 14 to 26 forn partofth858 H￿nts. LIMrrED 13 statemonl of Cash Flm forthe yearondlng 31 Mareh 2025 Reconelllatlon of net movement Infundsto nettashfflowfrom operatlrrf adlvltles Year Ended Ygar Ended 31 March 31 Mareh 2025 2024 Net movementln funds Add back depreciatlon Decrease/llncreasel In debtoys Incre3selldetr¢asel In creditovs (39,342 9,610 73,910 119,8741 123.6281 26,634 188,7981 Nettash us¢d In operatlngactlvltles 178,308 Ca8h Ilows from Investhient actlvltl88: Pu￿h￿s￿ Off￿ ￿ets 18,5001 (9,2961 N¢t ¢4sh usod In Invesllng actl*AtI8$ 18,50CII 19.2961 In¢r•a50lldecreas81 ITr cash 8rn1 ¢a$h eiuivalents during the ￿ar 15,804 187,6041 Cash ar￿ c4sh equlvalants broughtfarward 85,960 173.S64 Ca8h and cash •qulval•rrts curlod forward 101.764 05￿$0 AnalyBls of ehangtts In notfunds At 1tstAprfl 2024 At 31st M•rGh 2025 Ca6hflow Nat Ga5h Cash at Bank and In H8Th1 Total 85,960 85.960 15.804 15.804 101.764 101,764 4cr LIMifED 14 Nots& to th• accourts forthe year•rthl8d 318t March 2025 l.Actountimipolldes lal Basls of preparatlon and assessrn•ntof The accounts Ifinancial statements) have been prepared underthe historical c05t convention with ftems retognised at cost ortran5action value unle55 Otherwise ststed ¢Ththe relevant notes to these account5. The finantial stat¢m¢nts have been prepared in accordance with the Statement of Recommended Practice: kcounting and Reporting byCharitie5 preparin8theiraccounts in accordance wlth the Financial ReportinE Standard applicable in the UK and Republtc of Ireland IFRS 1021, issued IstJanuary2019. and the Financial Reporting Standard applicable in the United ￿nEdOM and Republic of Ireland IFRS 1021 and the Charlties Act2011. The tharlty constttutes a publlc beneflt entltyas defined by FRS 102. Thetrustees considerthatthere are no materlal uncertalntles aboutthe ch3rSty's ablllty to Con￿nUe as a going Con￿rrI. (bl Funds slrnGiurè Restricted funds are funds which ale to be used In attordance wlth speclflc restrlcttons Imposed bythe donor or tll￿t deed. There are 28 restr4ded fund5. Unre5trirted incorne funds cDmpriseth05e fvndswhi¢hthe tru$tee$ are free to use forany purpose In further8nce of the charitable objects. Unrestricted fvnds include designated funds where the tru5tee5. at thÈirdiscYetlort. have created a fund for a specific purpose. Furtherdetails of each fund are disclosed In note 14. The charfty receives 8rants on behalf ofthird party organisations aso custodiantrustee a5explained in the trusteEs repprt.The5e grants are not induded In the Charitysststement of Flnancial Act4vities butthe amountof funds held atthe year end 15 t￿41ed )$ funds held ascustodian trustee in creditors. Icl Ineome reeognltlon I Income Is reCOgn￿ed once the charfty has entltlementtothe Income, It is probablethatthe income will be received andthe ¥mouniof Intome receivable can be measured rellably. Donatlons are recognlsed when the chartty has been notified In writing of both the amount and settlement date. In the evÈntthata donation is subjectto condltion5 that requlre a level of performance beforethe charltyls entitled to the fund5. the lThcome isdeferred and not recognised untll eitherthose condltions are fullymeL or the fulfllment of those ondition515whollywithln the control of the charityand it Is probablÈ that those condlfions wlll be fulfilled In the reporting period. Interest on funds held on dep051ti5 inclvded when recÈl¥able and the amoLtnt can be measured rellably by the charfty.. thi5 is normallyupon notificotion of the interest paid or payable bythe bank. Dwidends are recognlsed once the divldend ha5 been declared and notification has been recewed of the dividend due. The charityrece5ves grants on behalf of thlrd party organisatton5. These grants are ￿mOved from In¢ame and treated as reditor5 until Such time a5thethlrd portie5 recefve payment. Idl Expenditure Re¢oEnltlon liabslitie5 are reco8ni5ed as expenditure a5500n as there is a legal or construrtNe obligation mmmittirkgthe charity to thatexpenditure. It Is probablethatsettlementwill be required and the amount of the obligatloTh can be measured rellably. l expendlture Is accounted foron an accruals bas15. All expenses IncludinE SUPPOrtC05ts and govemance costs are allocated or apportloned to the appllcable expenditure headln8s. For more information on thi5 attribution referto note lfj below. lel Irre£o¥erable VAT IrrecoYerableVATls tharged agalnsithe expendlture headlngforwhlch Itwas Incurred. InAll0¢￿10￿ of5UPPQrt 4rKIBoverninc¢ SupportC05ts have been allocated between governance ¢05ts and other $upportCOSts. Governance costs comprise all Costs involwngthe public accountability of the charity and its wrnplian¢ewith regulation and good pract(ce. These Costs indude costs related to independentexamination and legal fee5108etherwith an apportionment of overhead and 5UPPOrt cost5. Govemance costs and supportC05ts relatln¥ to charitable arti¥itie5 hove been apportioned based orttype of expettse. The allocatlon of support and governance c05ts1s anèlysed in note 7. Ig) Costs of ralslngfunds The costsof ralslng funds conslstsof a￿vIty costs, In Ilnewith funding condition5. Ibl ChailtablE ArtlvlllE5 Cg5ts of tharitable 3rtfvitle5 inrludE govemance costs and an apportlonmentof supportcosts a5 shown In note 7. 4cr UMJTED Notè$ tothe accounts lorthg ygar ended 31st Mareh 2025 11)Tah￿blE ffmed assets and depretlatl¢n 1055ets costin8 more than £5L¥J are capitalised and valued othT5torical c05t. Depreclation 15 charzed on the followin8 CDmputers Motorvehlcles fixtures and Flttln8S 33.33% on cost 25% on cost 2S% on wst 111 Reallsedgalnsand loss¢s All gains and losses are tsken tothe Ststementof FtnaTrcTal Activltlesastheyarlse. Re311sed galn5 and losses on Investments are talculAted a5the difference between sales proceeds and thelropeningcarryingvalue orthelr purchasevalue If atquiied subsequent to the first day of the financlal year. UnrÈalised gain5 and losses are calculated as thè difference betr￿n the fairvalue atthe year end and theirvarwngvalue. Reallsed and unrealised Investment8alns and losses are combined In the Statementof Flnantial Actwitie$. Ikl Penslons The charityopÈrate5 a 5tskeholderpenslon scheme for its employees. The charfty ha5 no liability beyond Ma￿n8 Its contributions and payln8 across the deductlons forthe employee's contrlbutlons. 111 Debtors Trade and othÈrdebtor5 are recognlsed atthe Se￿ernent amountdue afterÈnytrade discountoffered. Prepayments are valued at the amountprepaid netof anytrade dlscounts due. Im) Credltors Ar￿ provlslons Credltors and provisions are recognlsed where the charity has a presentobllgatlon Tesultlng from a past eventthèt wlll probably result In tht transfer of funds to a thlrd party and the amount due te sÈl￿e the obligotion can be measured or estlmated reliably. Credltors and provislon5 are nomially recognised atthelrsettlementamountafterallowlnzforanytrade dlstounts due. In) Cash atbank and In hand Cash at bank and in hand includes cash and shortterm h)Ehly Ilquld Investments with a short maturjty ofthree months or less frorn the date of ac4Ui5ition oropeningof the deposit orsimilar account. lol SIEnlficantlud8ments and estlmatss lThthe process of applwngthe entitys accountittg ppllrne earned from ch8rftaNe a￿VItIeS AmDuntdeferred in ￿#r Balar￿ at31 March 2025 46.432 146.4321 4,597 4.597 4cr UMifED 22 Notes tothe accountsforth• year •rKlgd 31st Mirrh 2025 14 AnalyAls of charjlable fund8 ￿n￿y$l* of movompnl¥ Ih uthrèstrl¢tèd fvrtd• Balance at 1 Aprfl 2024 In¢ornlng Rotsour£¢$ R•sourvs EXpar￿ad Balance 4t31 March 2025 fran8f8rs GenÈr41 Fund D¢5fvJnalèd FuNJ$ 101.271 30,000 131.271 368,937 (3n.004 133.7131 63,491 30.0 93.491 366,937 3n,004 33.713 Prwiou¥ rwting Balanc8 at 1 Aprfl 2023 Incomlng Rtsoyreo$ R45011r¢•s Expqndad Balan¢9 at31 March 2024 Transfé Genèrdl Fund Designated Funds 152,451 478,6go 1477,2001 152.6701 30.000 122.6701 101.271 30.OfA) 131.271 151451 478,690 1477,2001 Ilame olunroslrlctsd lund.. Ge￿ra1 Fund De8lgnat6d Funds DgscTlptlon. n4tur• and purpo¥g Df tho fvr the unrestricted fvnds Dfthe charity forfijbjre redundancyand c105ure costs Tr4n8f•r bthean fund& this represents a retharge ol centrql costs a¥ allNved urmler the fiJnding 8gr88ment 4cr LIMITED Notés to thp acmurts fortho year ended 31st March 2025 1& Analysls olcharltabl•fund& Analy818 ofmov•mènts In Mstrlrted fund5 Balance 4t 1 Aprtl 2024 In￿rnIng Rètsourc¢s Resou￿68 Expended Balancè at31 March 2026 TranBfers Na￿Dn￿ Lot1￿Fund- Mllllon Hours ManchesterActhe- E85t8r MancheslerActlv8 -SEND Manch8slerAdlv8- HAF SEND Manch8sl8rAdv8-Summ6r SÈND Manch8St8rAdva- Summer4CT Manch8sterAdve- Chrfstsnas Manch85t8rAcllve- Summ¥ EMYPP M8nche&tarACt￿a- Sprfng Break Short Br88ks- HAF SEND Short Br8aks_ F6bmary Hall_Tg Short Breaks- ￿2Z Konnect Short b￿akS- Saturdayaubs Short Breaks- Play&¢home$ Short Breaks-SPACE Short Breaks. Summer Hobins Fund Youn9 Mand)es¢er MCC_ EMYPP Developrnent MCC- KCYPS MCC-Youth SeM¢es MCC- Ycxrth and Play MCC- SummgrSEND Peter Ketshaw Fund YPAC Third PatyGrants R8thct8d Donations MCC- Proio¢t 120 44.087 30284 18.915 3,583 92,562 47.237 10.626 57,960 1474 1,500 2,500 12.844 96.127 7.222 11.141 38.661 800 4,160 15,000 79.482 4,167 1&3.094 1,500 25,000 822 23.785 2.900 157,3071 130.6101 118.3071 15.0331 106.1871 147.237) 112.9171 157.9601 12,4741 11,5001 16.5501 114,1871 199,1511 (T,2221 111.2011 (38.6611 18001 14,1601 115,0001 (79,4821 14,2171 1129.3641 11,5001 131.1161 11,3331 129.9831 12,9001 15.3491 1801,7081 13.1QO 326 1.392 1,450 6.375 2,291 4,050 1,343 3.tr24 60 50 3.730 6,116 511 6.198 6,n5 13.093 766A33 33.713 11.531 4cr UMITED Notestothe accountsfortheyearended 3tstMarth 2025 14. Anal￿1• olcharttsbla funds Analys18 of mov8mènts In rèstrletod fvnd$ Previous reportlng period alane& at 1 Aprll 2023 Incomlng Resources Re%ourc88 Experrtkd Balance at 31 Marth 2024 Trwsfèrs M8n￿slerA￿￿e M8nch8sl8rActlv8- Folyuary HaW-Tom Manch6st8rAdve-SummÈrSEND Manch6StèrActlw- 5ummBr4CT ManChesterA¢u￿- Chrf5tmas Man¢h85tèrA¢llve- SummerEMYPP Man¢htrsterAchve- Odober Half-Term MHnche5terActive- Sprfng Braak Short Breaks- Konnect Short Br8aks- F￿Konnect Short Breaks- Sabjrdayclubs Short Br8aks- Pl8yschern88 Short Breaks- SPACE MCC- E88t mand￿Stery¢vth and Play Partnershlp Na￿onal Lottèry Fund- Million Flgu Third Party Grants MCC. Cyd? Prolecl 6.517 67,149 5,100 108.011 70.266 36.016 $5.371 4,890 5.320 6.037 11.192 87,257 11,395 2,779 1750 5.581 2S.238 173,8841 IS.1001 1108.0111 170,2661 137,1401 155,3711 14,8901 15,3201 16.0371 111.732 187,2571 111,3951 16,7421 13,7501 15,4611 (35,8651 12,2491 1530,4701 218 1.124 3.963 120 6,198 6.775 13,093 16.825 9,024 15,541 505,352 22.670 4cr UMITED Notesto the accountshrthe yeorerthd 31st March 2025 14. Analys1& of rhawltable funth Anaty¥ls of movements In r•8lrlct•d funds Name of rUtrI￿o￿ fund: National Lomery Fund- Millb)n Hours Manche5terActiv8- E88ier Descrfptlon, naturo and purpose of tha fund loradditional youth activi118s In Newton Heath forprovision of unN8rsal hdlday Playschemos ftY¢hildren on benefrt rela￿ fre8 school m8aPs forprovlslon of h￿IdaY for¢Nldren SEND for p￿￿Slon of hollday aCti￿titS for ¢hildfyn ￿￿th SEND for P￿Slon of holiday activthés for childron Iwih SEND for PTovlslon of unlversal hol￿aY IPlaysthernes1 for chlklren on b8n8fft related frea school mèals for pm1s1￿ Df Un￿r$al htsThday IPkyschBmeslfoT chlldren on ban8fft ralated Iréè school m8aL8 ferpr0vis￿n of un￿rnal holiday IPJ8y5chemeslforchlldren on benefit r@￿tsd frèe school for provtslon of unlvetsd hollday IPlays¢hemeslfor chlldr8n on benefft rèL8ted freè st*tx)I meals for p￿slon of hollday activM95for chlldren vAlh SEND (or pMwsl¢)n of unNer5al holday {Play5them￿l for children For prthAslon olw)Lth cljbs for srung people ￿lIh SEND To ptovldé r&$plte athties forthlldren strith SENO f¢rprovl&bn of o hollday playscheme forchiklren ￿1h SEND For SPACE lo p￿dfj 5UPPOrtwoth In North and East Manchoslar for ￿ldayaCtnril85 IPlaysthemesl Feryoung Pèopltts rèfurblshment of S￿dIng centre For Organisational dtrvÈlopMent￿jrk In ChBetham Hlll For developmenlaT work for ￿Ul￿wOrk 9genc￿5 in easl Manchester For d81achÈd youlhwork across Miles Plathng, Newton Heath, Clayton and Openshaw forywth and playrxjre a￿￿ti￿S for swth and pLqycorè aEbwties for pr￿S(On of lYJllday activibÈs for chlldwn Iwth SEND to fijnd a Famli ysupportMrrkerpDst foryouth and play cote act1v￿￿$ Grants vthere 4cr has recelv6d g￿nts ftyother ¢horities, orgHnL%aUon5 or groups forthlrd Pa￿e5 forlh8 cycle prol8Ct Manch85terActSv8 -SEND manche5terAct￿e- HAF SEND Mar￿￿terA¢1￿6- SummÈrSEND Manch8slerAdv8- Summér4CT ManchesterAdva. Chrfslm8$ Manch6stsrActl¥¢- Summer EMYPP 1I8nchesterActfva- Sprfng Break Shcrt Bre8k$- W SEND Short Brèak&- FtrbrtJaryHaW-Term Short Breaks- FP£z Konnecl Short Braaks. SaturdHyClubs Short Brèaks- Play5thern6s Short Brts*s- SPACE Short Breaks_ Summ0T Hoblns Fund Young Manchester MCC- EMYPP Dwelo)ment MCC- KCYPS PACC- Youth seTr[￿s MCC-Youth and Play MCC- SummerSEND Patsr Kershaw Fund YPAC Thlrd Paty Grants Restrfcted DonaUon$ MCC- C￿8 Proje 4cr LIMITED 26 Notesto the accountsfortheyearended 3tst March2025 15. An¥lysls of net a588ts botsveon fund8 Unr05tr1ct•d nds D8$lgnat•d ftsnds R05trlcted fvttds Total 2011 Tanglble asset5 Cash at bank and In hand other nel ￿rrent 85seWlablltT881 Total 4,720 60.391 11,6201 63,491 8,129 11,373 17,9711 11.531 12,849 101,764 19,591 105,022 30.oflj 30.000 Prevlous r¢porUftg perfod Unr*8trtd•d fund8 Dè&lgnat4d fund8 Rgstrl¢tsd To1412024 Tanglbla fixed assèts Cash at bank and In hand Other n8toJrrgnta55etsllliabilitiesl Total 10,840 74.336 16.095 101.271 3.119 118,3761 28,350 13.093 13.959 85.960 30,000 30.000 144,364 1& Flnanclal I￿truM￿nts The charftyonlyhas financ￿1 assèts and liabilM¢$ of a kind Ihat qU81fy ss b8slG finanaal Inslwment& BasicfinancT81 Instrument8 are Initiallyrecognlsed on a tron58th￿Tr value and sub5equenty measured al thdrsetllement value ¥￿th the exceplkn ofbank loarts whl¢h #re 5ubsequenly me8sured at an amorbsed cost U￿n9 Ihe effecthe Interest method. 17. Operatln8ltases The total vf fvtvre minimum lease payThents under non-cancellable operatin8 leases are-. Equlpment Leases 2025 Equlpment Leases 20Z4 Payablewithin oneyeaT Payable bett¥een 2 and flve years 3,469 2.866 3,469 6.335