YPAC MANCHESTER LTD FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Registered Charity No. 1133626 Company Registration No. 07039253
YPAC MANCHESTER LTD INDEX PAGE NUMBER ONTENTS TRUSTEES ANNUAL REPORT INDEPENDENT EXAMINERS REPORT STATEMENT OF FINANCIAL ACTIVITIES BALANCE SHEET io STATEMENT OF CASH FLOWS NOTES TO THE ACCOUNTS FOR MANAGEMENT PURPOSES ONLY 22 TRADITIONAL INCOME AND EXPENDITURE ACCOUNT
YPAC MANCHESTER LTD Report of the trustees for the year ended 31" March 2024 The trustees present thei r annual directors, report and financial statements of the cha rity for the year ended 31, March 2024 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 Act 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 i n accorda nce with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191. Objectives and activities The purposes of the charity are.. To advance in life and help young people, particularly those who are socially or economically disadvantaged, through- a, the provision of recreational and leisure time activities provided in the interest of social welfare, desi8ned to improve their conditions of life. b, providing support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals, The main activities are.. Informal education through open access youth sessions Informal Education through Detached Youth work Term time play sessions and playschemes Supporting school pupils including transitions Health and well-being programmes Supporting Young Peoples employability The trustee5 confirm that they have referred to the Charity Commission's guidance on public benefit when reviewing the Charity's aims and objectives, i n planni ng future activities, and setting the policies for the year. The charity furthers its charitable purposes for the public benef it through.. Youth Work Programme Detached Youth work Employability Support for 16-25 year olds Summer and holiday sessions Play work programme. A review of our achievements and performance Desplte the cha Ilenges of ongoing reductions i n public sector spending and increased competition for funds the charity has been able to maintain its services and continues to offer youth and play work in the areas of Ancoats, Miles Platting, Newton Heath and Collyhurst. We continue to support local young people through 3 key strands of work: l. Young People in the Community 2. Young People at Home 3. Young People achieving and succeeding.
YPAC MANCHESTER LTD We have continued our Youth and Play clubs and detached work this year. We have continued to develop our detached work around the Newton Heath and Philip5 Park areas of Manchester as well as consolidating our established work in Collyhurst and Miles Platting. We also developed work in Clayton and Openshaw a5 part of our detached work offer, partnering with Manchester Young Champs. We commenced support work for young people who lost their friend who was killed in a knife incident, this has developed into a significant piece of support work throughout the year. Finally, we have ensured there was continuing support and developmental work for young people. Our developmental work has included Residential work, youth voice work, engaging educational activities, social action projects and a rts projects. Financial review In 2023-2024 our income increased by approximately £79,000. This reflects the increase in funding around detached work, fundi ng to support our additional youthwork sessions, increased f unding for social action and our position a5 Lead organisation in a funded partnership. This year, our expenditure increased by a round £5 1,000 reflecting that our sala ry expenditure and youth activity costs increased as well as approximately £14k depreciation on various assets. We have a surplus of £5,804 compared to the deficit of £22,157 in the previou5 year, We are continuing to Use surplu5 funds to ensure additional delivery. We will continue to asse55 the organisational expenditure during the year. Impact of Covid Pandemic We are still working with the long-term impact of the covid measures on young people, working with mental health, behavioural and emotional issues With some young people, though these have lessened greatly i n the last year. Investment powers and policy The trustees, havi ng regard to the liquidity requirements of operating the charity, have kept ava ilable funds in an interest-bea ring deposit account. Reserves pollcy and going concern The balance held in unrestricted reserves on 31 ' March 2024 was £29,527 of which all are free reserves, after allowing for funds tied up in fixed assets. The trustees have reviewed the reserves policy in view of the financial performance for 2023-24 and agreed the following.. Reserves Polic YPAC needs reserves to: Meet contractual liabi lities should the organisation have to close. This i ncl udes redundancy pay and notice and amounts due to creditors. To meet unexpected costs like breakdown of essential office machinery, staff cover for illness, maternity leave, parental leave and legal costs defending the cha rities i nterests. To replace equipment as it wears out. Ensure that the charity can continue to provide a stable and quality service to those who need them. Within this context to minimi5e recruitment, staff training, staff induction and marketing costs by avoiding the need for redundancies caused by financial crisis.
YPAC MANCHESTER LTD To provide worki ng capital when funding is paid i n arrear5. From time to time funding has certain restrictions which mean that by law it must be held in a restricted reserve until it is spent in li ne with the fundi ng agreement. The charity aims to build a general reserve of approximately 3 months running costs (approximately £40,000 in 2021-20221 and aims to do so by generating a small surplus of £5000 per annum to go into the general reserve. The charity also aims to hold designated funds for potential redundancy or closure costs and working capital of approximately £29,500 - this f igure to be reviewed a nnua Ily subject to our potential redundancy There are no funds that are materially in deficit. Income from funders does process over two tax years. Therefore, and as mentioned, the Charity's expenditure for the reporting financial year can be more than its income. When the balance from the previous financial year is included, the charity has a cash surplus, The Cha rity's mai n source of income is grants. The Trustees consider that it is appropriate to prepa re the accounts on a going concern basis and, consequently, the accounts do not include any adjustments that would be necessary if these sources of income should cease. Risk management The trustees have conducted a review of the major risks to which the charity is exposed, and systems have been established to mitigate those risks. Plans for Future Perlods YPAC finalised a Business Plan for 2022-25 onwards focussing on increased youth work services. Further f unding will be sought from other funders over the next f inancial yea r to secure the Charity over the next three years. Trustees are reviewing and revising the business plan and funding strategy, Structure, governance and management YPAC Manchester Ltd (formerly Youth Project @ Apostles, and Cuthbert'sl is a company limited by guarantee governed by its Memorandum and Articles of Association dated 13 Oct 2009. It is registered as a charity with the Charity Commission and is constituted under a trust deed dated 20 January 2010, After a review in 2019-20, we have refocussed our work on our Objectives. Appointment of trustees As set out in the Articles of Association trustees a re elected annua Ily by the members of the charitable company attending the Annual General meeting and serve for a period of one year upon which all trustees must be re-elected. Trustee tndurtion and tralnlng Trustee's start on the Board as non-executive members. This forms part of their induction and training. Appointment as full Board Members is made up to 12 months later. The exception to this induction process is for trustees who have knowledge and experience at holding a post of Trustee and Director elsewhere and/or significant knowledge and experience of YPAC. All trustees take part in 'Away Days, to learn more about the Charity. YPAC is a member of 2 infrastructure organisations who provide Trustee training which includes, finance, governance, policy and procedures and law.
YPAC MANCHESTER LTD Organisation The board of trustees administers the charity. The board normally meets every two months. A Manager is appointed by the trustees to manage the day-to-day operations of the charity. 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 manager with 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. In the current year no such related party transactions were reported. Reference and administrative information Charity Name.. YPAC Manchester Ltd (Youth Project @ Apostles, and Cuthbert'sl Charity Number.. 1133626 Company Registration Number: 07039253 Dlrectors and trustees The directors of the charitable com pa ny (the charityl are its trustees for the purpose of charity law. The trustees and officers serving during the year and since the year end were as follows.. Key management personnel: Trustees and Directors William Orr Chair Tracy Sparkes Stephen Conway Claire Evans Hannah Brownhill Yolande Leroy Treasurer (resigned July 20231 lappoi nted July 20231 lappoi nted July 20231 Youth Work Manager Chris Macintosh Registered Office St George5 Youth and Community Centre Bothwell Road Manchester M40 7NY Independent Examiners Community Accountancy Service Limited The Grange Pilgrim Drive Beswick Manchester MII 3TQ
YPAC MANCHESTER LTD Bankers Co-operatlve Bank plc Balloon Street Manchester
YPAC MANCHESTER LTD Trustees responsibilities in relation to the financial Statements The charity trustees (who are also the directors of YPAC Manchester Ltd for the purposes of company lawl are responsible for preparing a trustees, annual report and f inancial 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 fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. I n preparing the financial statements, the trustees a re required to.. Select suitable accounting pri nciples and then apply them con51Stently; 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, subject to any material departures that must be disclosed and explained in the f inancial statements,. Prepare the fi na ncial 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 irregula rities. By order of the board of trustees William Orr Chair th Date.. 4 November 2024
Independent examiner's report to the trustees of YPAC MANCHESTER LTD I repoil on the accoiints of the conipan). tor the year ended 31 March 2024. w'liich are set OLIt on pagil's 8 to ? l. Respectii'e responsibilities of trustees and examiner ThL Irustees (ii'ho al'e also the direLtors ol-tlie conipany for tlie piirposes of conipany law) are respoiisible t()r the prLpai'<qtion ol. the <lLC()Iints. The triislees consider that an audit is not I'eqiii i-Ld l ()]' tli is i'Lcll- Iiiidei. SLCtii)11 144{ ? ) ol" thL Cliarities Act ?0 I l (tlic 201 l Act) and ihat an indepeiideiit e.Kaniiiicili()11 is IlLLdLd. 'fiiL' chai'ilv is i'eqLliI'ed bj, Loiiipaiiy lam, to prepare acci'ued accouiits aiid I cllii qiial i tiLd t() Iiiidei-take tlie exani ination b! beiiibT a qualil led member or'rhe Associati()ii ol" C'licirtLI'Ld (.'ei'ti l iL'd AL'COLiiilaiits, Hai'ingy satistied niyself tliat tlie Lharitj, is iiot subject to aiidit under company law and is el i&JiblL t.or iiidepLiideiit exaniiiiatioii. it is niy rLSP()iisibil ily to: ex<imine tlie acc()uiitS Liiider sectioii 145 ot" thL ?0 I l Act to t.ol l()w' tlIL proLLdiires laid dowii i n the gienL'ral Dii'L'Ltioiis gyiven by tlie Charity Coiniiiissi()11 Liiidei. beLtioii 145(b) of ihe 201 l Act. and lo slate wlieiher particiilar matters liave LoinL to niy aitcntioii. Basis of independent examiner's report M), L'xaiiii11alic)11 Wilb Lai'i'iLd ()Lil iii aLLOI'd£iiice witli thL gyeiieral Directions gvji'cn by the L Iiai'ity ('uiiiiiii.%%ioii. Ali Lxaiii iiiali()ii iiicl Lides a I'ev'iew ol" tlIL accouiiliiigi I'ecords kLPt by the Lliai'it J, aiid a cciiiiparisoii ()t' tliL' ilCL(ILiiils presenlLd w'itli ili()sL rec(Irds. It also iiiLI udes coiisidL'I'ation ot. aiiy. UllUSLial ileiiis or disclosures iii ilie acci)Iintg, aiid seek ingy Lxplanations froiii yoii as ti'iistCLS C()IicL'I-iii llby any siich niaiters. "I'hL' procediires uiidcrtukL'n do not provide all tliL evidLiice tliat would be reqLiired iii an audit and coiiseqiicntly no opiiiioii is gyiven as lo wheiliL'r tlIL aLL()Iiiils pres¢iit a 'truL and lair view. and the report is limited to those matters set ()Iil in thL' %lateiiiLni bLI(Iw. Indepcndent examiner's $tatement In c()IineLlioii '1th nis, cNaniiiiatioii. 110 Inatter has come to ITIY cittention: ( l ) w'hicli b? IN'LS iiie reasc)IiablL" cau.sL l() bcl iewe Iliat ill <llly niaterial rL'Spect thc requirements to keep aLcoLinliiigi reLord% in accordance Th'itli sectioi) 386 of the Companies Aci 2006; and to prep(Ire acLounts w'hich accord w'ith the accountin&y records, comply with the acLoLllltiiigJ requirL'inents of section 396 ot.the Companies Act 2006. and 'itli thL' niethodb and prinLiple.% of ilie StatemL'nt of Recommended Practice: AccoLllltiiigF and Ilcportingp by Charities liave iiot beeii Inet. or l?) to wliich. in ni), opinion. atteiitioii sholild be drawn in ordlr to enable a propcr understandiiigy ot-thc accouiits to be reached. AM lQiiig FCCA Conimunitj. AccoLintancJ' Ser1CL Ltd 'I'lic Graiigje. Pilgyi'jIii Drive. Beswick, Manchester. M l 13'1'Q Ih Date: 4 Noi'¢iiibLr ?0?4
YPAC MANCHESTER LTD STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 ome and Ex nditu includln ount Total Funds Total Fund¥ Year Ended 31 March Year Ended 31 2024 March 2023 Unrestrlcted Funils Restricted Funds Further Deta118 Incomè from.. Donations and legacies Charitable Activities Other Trading Activities Investment Income Total 1.200 23,148 574 1,200 288,090 574 1.040 207,007 3,132 284.944 24,920 264,944 289,864 211,179 Expendlturo on.. Charitab18 Actlvllias 8,502 275,558 284,060 233,336 Total 8,502 275,558 284.060 233.336 Nèt Incomellexpgndlturel 16,418 110,6141 5,804 122,1571 Transfers b&Meen fund$ 5,61S IS,6151 N•t rnovgm•n¢ In lund8 22,033 116,2291 5,804 122,1571 R•eonclllatlon of funds Totsl funds Uroughl lorward Total funds carrled forward 36,994 59,027 90,853 74,624 127,847 133,651 150.004 127,847 The negatlve unre5trlcted expenditure is the result ol the balance ol HMRC employment allowance. The statement ol flnancial activllies includes all gains and losses recognised In the yaar All in¢ome and expenditure derive Irom continuing aciivilie5. The notes on pages 11 to 21 form part of these aceounis,
YPAC MANCHESTER LTD BALANCE SHEET AS AT 31 MARCH 2024 Company Registration Numbèr.. 07039253 2024 2023 Notes Flyed assets.. Tangible assets Total fixed asse15 19.925 19,925 33.223 33,223 Current ass•t8'. Debtors Cash al Bank & in Hand Total current assets 6.938 160,5g9 167,537 9.314 133,728 143.040 Llabllltles.. ¢ditors." Amounts falling t#ue wthin one year 53,811 48,418 Net current assets or Iiabililies 113,72¢ 94,624 Total assets less current liabilities 133,651 127,847 Total n•t as$•t8 or Ilabllrtits 133,651 127,847 Tho fund8 of the charlty.. Restricred income funds 74.824 90.853 Unrestrlcted income funds 59.027 38.994 Total charlty funds 133.851 127,847 For the year in question the company was entitled to the exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The mernbers have not required The cornpany to obtain an audit ol its atcounts for the year in question In accordance with section 476. The directors acknowledge their responsibilities for complying wlth the requirements of the Act with regpect to accountin8 records and the preparation of accounts. These accounts have been prepared in actordance wlth the provisions appllcable to companies subject to the gmall companies. re8ime, Approved by the trustees on 4th November 2024 William Orr Chalr The nolas on pages 11 to 21 fom) part of these accotsnis.
YPAC MANCHESTER LTD 10 Statement ol Cash Flows for the year endlng 31 March 2024 Year ErTrded Year Ended 31 March 31 March 2024 2023 Reconciliation of net movement In fund5 to net cash flow Irom operatlng activities Net movement in funds Add back depreciation Deduct investment income Decrea5e/lincreasel in debtors Increa5e/ldecreasel in creditors 5,804 13.877 122,1 $71 4.371 2,376 5.395 16.822 40,954 Net cash used In operatin8 activitles 27.452 39.990 Cash flow8 fiom Inve8tm•nt 8¢tlvltles'. Interest Disposal of Fixed ass81s Purchase of fixed assets 38.854 139.5261 15791 Net cash provlded by Investlng a¢tlvltlèJ 15791 16721 Increaselldecrèasel In eash and eash eguivalenls during Ihg year 2e.873 39.318 Cash and cash eouivalents brought lolward 133,728 94,408 Cash and e8$h equlv8lent8 carrled forwar(1 160.599 133,726
YPAC MANCHESTER LTD Notes to the accounts for the yaar end•d 31st March 2024 l. Accountlng policles lal Ba51s of preparatlon and as5e5sment of golng concern Thé accounts Ilinanciil 5tatement51 have been prepared under the historical cost convention with items recognised at C05t or transaction value unless otherwise stated in the relevant note5 to these accounts. The financi315tatemèntS have been preparèd in accordance with the Statement of Recommended Practice." Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued on 1st JatTruary 2019 and the Financial Reporting Standard applicable in the United Kingdorn and Republic of Ireland IFRS 1021 Ènd the Charities Act 2011. The charity constitutes 3 public benefit entity a5 defined by FRS 102. The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. Ibl Funds structure Restritted lund5 are funds which are to be used In accordance with specific restrirtlons imposed by the donor Qr trust deed. There are 56 restricted funds. Unre5rricted income funds comprise those funds which the trustees are free to Use for any purpose in furtherance of the charitable objects. Unrestricted funds Include designated funds where the trustees, at their distretion, have created a fund for a specific purpose. Further details of each fund are disclosed in note 15. l¢} Income reco8nltlon All incorlle is recognised once the charity has entitlement to the income, It is probable that the income will be received and the 3mount of Incorne receiv3ble can be measured reliably. Donations 3re reco8nised when the chariiv ha5 been notified In writing ol both the amount and settlement date, In the event that a donation 19 Subject to condition5 that require a level of performance before the charity 15 entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment ol those conditions is wholly within the control ol the charity and It 15 probable that thosè conditions will be lullilled in the reportin8 period. Interest on funds held on deposlt Is included when receivable and the arnount can be measured rellably by the charity,. this is normally upon notification ol the interest paid or payable by the bank. Dividends are re¢o8nised once the dividend has been declared and notlflcation has been recelved ol the dividend due. Idl Expendlture RecoBnltlon Llabilities ère recognised as expenditure as 509n as there Is a legal gr construttlve obligation commlttln8 the charity to that expenditure, it is probable thai settlement will be required and the arnount of the obli8atlon can be measured All expenditure is 3CCOUnted for on an accruals b3515. All expenses Includlng support costs and 8overnance cost5 are allocated or apportioned t¢ the applicable expenditure headin85. For rnore Information on this attribution refer to note 111 below. lel Irrecoverable VAT Irrecoverable VAT ig charged a8ainst the expendlture hèadln8 lor whlch it was incurred. If) AllatIon of support and 8overnance cgsts Support costs have been allocated between Sovernance costs and other 5UPPOrt Costs. Governance costs comprise èll costs involving the public accountability of the charity and its compliance with regulation and 8ood practite. These costs include costs relèted to independent examination and legal fees together with an apportionment of overh¢ad and support costs. Governance costs and support costs relating to charitable activities have been apportioned based on type ol expense. The allocation of support and governance costs Is analy5ed In note 8. 181 Charltable Actlvltles Costs ol charitable activitles include 8ovèrn3nce cost5 and an apportionmènt of support costs 3s shown in note 7.
YPAC MANCHESTER LTD Notes to the accounts for the year ended 31st March 2024 12 Ihl Tangible fixed assets and depreciatlon All a55ets t05tinB more than £500 are capitalised and valued 8t historical cost. Depreciation is charged on the following Equipment Motor Vehicles 33 33% on cost 25% on cost 111 Reali5ed Balns and losse5 All gains and losses are taken to the Statement of Financial Activitie5 as they arise. Realised gains and losses o investments are calculated as the difference between sales proceeds and their opening carrying value or their purchase value il acquired subsequent to the first dzy ol the financial year. Unrealised gains and losses are calculated as the difference between the lair value at the year end and their varyin8 value. Realised and unreali5ed investment Eains and losses are combined in the Statement of Financial Activities. lil Penslons The charity currently adrnlnisters contributions to a pension scheme on behalf of Individuals. The charity has no liability beyond making its tontribution5 and payin8 across the deductions for the employee's contributions. Ikl Debtors Tr3de and other debtors are reco8nised at the settlernenr amount due alter any trade dlscount ollered. Prepayments are valued at the amouni prèpaid net ¢1 any trade discounts due. 111 Credltors and provlslons Creditors and provision5 are reeognised where the charity has a present obligation re5ultin8 frorn 3 past event that will probablv resuli in the iransler ol lund5 to a third party and the amount due to settle the obligation can be rlleasured or e5tlmated rellably. Creditors and provislons are normally recognised at their Settlement amount alter allowing for any trade discounts due. 2. Rèlated party transactlgns and trust•98' &xpen808 ond remungratlon The trustees all 8ive freely their time and expertise wiihoul any form ol rernuneration or other benelSt in cash or kind 12023,, £nill. Expenses paid io the trustees in the year totalled £nil12023.. £nill. Director and Trusiee Claire Evans is ihe C&0 o14CT which is an or8anisation responsible for distrièutin8 Youn8 Manchester 8rants. 3. Donatlon$ and L•gacle8 Unr•strl¢led Rè¥trlcted Totsl Funds Total Funds Year Endeil Year Enilèd Year Ended 31 March 31 Morch 31 March 2024 2024 2023 Yèar Ended 31 Mah 2024 Donation¥ 1,200 1.200 1.200 1,200 1.040 1,040 previous reporting period Unrostrlctad Restrlctèd Total Fund# Year Ended Y•ar End•d 31 March 31 March 2023 2023 Year Ended 31 March 2023 Donation3 1,040 1,040 1,040 1,040
YPAC MANCHESTER LTD Notes to the account5 for the year ended 31st March 2024 13 4. Incomo from charitablè zctlvlties Unrèstrrcte Restricted Total Funds Total Funds Year Ended Year Ended Year Ende 31 March 31 Mar¢h 31 March 2024 2024 2023 Year Ended 31 March 2024 Unrestricted grants.. dCT- CRF Reclaim FEC Development Management Mor83n Sindall UK Youth PEARS Restricted grants.. A¢actus Housing Jigsaw Canal & River Trust 4CT Limited - Covid Recovery 4CT Limited- Health an¢ Wellbeing Fund 4CT Limited- EYSA East 22123 Garfield Weston Manchester Youth Zone- EYSA North Manchesltsr City Council- Youth and Play 4CT Limile¢- Holiday Activity Fund Easter 4CT Limited- HAF February Half.Temi 4CT Limited- KCYPS E85123 4CT - HAF 2023 4CT Limile¢- Holiday Aelivity Fund Summar Xmas 22 4CT Limited- VRU 4CT Lirnitecl- Yovlh and Play East Manchester Youth Zone- HAF October North Manchester Youth Zone GM Navigators Jigsaw Manchester City Council- Youth Bank Mancheslei Youth Zone- KCYPS North Manchester Youth Zone- Wellbeing Manchester Youih Zone. Youth and Play North The National Loiiery Poslcocje Loll¢ry Young Manchester- Youth Led Girfs Young Man¢hester. Youth Led Thursday Henry Smith Tudor Trust 1,350 296 1,500 1,000 19.000 1.350 298 1,500 1.000 19,000 10.000 4.524 1,500 7,800 29.495 20,000 20,000 10,oe9 18.409 18.409 2,800 3,243 49.780 16,230 49.780 16,230 14,000 15,000 19.000 745 25.800 25.800 s,000 1.500 5,000 30,000 10.027 5.000 1.500 5,000 30,000 10.027 2.000 15,823 11,e88 4,810 11,988 4.610 11.008 8,200 5,900 22.500 30.000 264,944 8,200 5,900 22.500 30,000 288,090 30.000 30.000 207,007 23.146
YPAC MANCHESTER LTD 14 Note5 to the accounts for the year ended 31st Match 2024 4. Incomè from charitable attivities Previous reporting perio Unrestri¢t•d Restricted Total Funds Year Ended Year Ended 31 March 31 March 2023 2023 Year Ended 31 March 2023 Restricted grants. Adaclus Housing- Jigsaw Canal & River Tru51 4CT Limited- Covid Recovery 4CT Limited- Health and Wellbeing Fund 4CT Limited- EYSA E85122123 Manchester Youth Zone- EYSA North 4CT Limited- Holiuay Activity Fund Easter 4CT Limited- HAF February Half-Terrn 4CT Limiled- Holiday Activily Fund Summer Xmas 22 4CT Lirniled - VRU 4CT Limited- Youlh and Play East Manchester Youth Zone- HAF October North Manchester Youth Zone- Wellbeing Manchester Youth Zone- Youth and Play North Postcode Lott¥ry Henry Smith Tudor Trust 10.000 4.524 1.500 7,800 29,495 10,069 2.800 3.243 14,000 15,000 19,000 745 2.000 15,823 11,008 30,000 30.000 207.007 10.000 4.524 1,500 7,800 29,495 10.069 2.800 3,243 14,000 15,000 19.000 745 2,000 15,823 11.008 30.000 30.000 207.(107 5. Incomè Irom oth•r tradlng 8¢llvltl•• Unr98trlci•d R•8trlcted Total Fund# Total Fund Year Ended Year Ended Y•ar End•d 31 March 31 March 31 March 2024 2024 2023 Year Endgd 31 March 2024 Generated income 574 574 574 574 3,132 3,132 Prevlous reportln8 period Unrestrlctod Rostrlctgd Total Fund8 Y•ar Ended Year Ende¢J 31 MBr¢h 31 March 2023 2023 Ygar Endèd 31 March 2023 Generated income 3,132 3,132 3,132 3,132
YPAC MANCHESTER LTD Notes to the accounts for the year ended 31st March 2024 15 6. Expenditure Youth an Comrnunlty Work Year Ended Y•ar Ended 31 March 31 March 2024 2023 Expendltur? on charltable a¢tivltle8: Employment Cost5 Recruilmenl Training Freelan Fees Monitoring Sy8tem D8S Fees Youth activity costs Tr3vel expenses Equipment ank Char8es Minibus Expensas Telephon? Rènt Insurance Governance costs Post, Printing & Stslion•ry Depreciation 186,206 285 8,698 5.000 1,386 186,206 285 8.698 5,000 1,386 156,783 257 2.529 202 42.38e 613 4,215 62.475 425 3.272 73 1.102 2.721 14,925 1,378 1.735 502 13,877 84,060 284.060 62.475 425 3,272 73 1.102 2,721 14,925 1.378 1.735 502 13,877 284.060 284.060 12,540 4,120 1.513 696 4,371 233,338 233,336 Total Expenditure Restricted funds Unrestricted funds 275,558 8,502 284.060 23e.068 12,7321 233,336 7. Analy515 of expendlture on charltablt actlvltl•s A$ per note 6
VPAC MANCHESTER LTD Notes to the accounts fot the year ended 31st March 2024 16 8. Allocation of governance and support costs The breakdown of suppori costs and how these were allocated between governance and other support costs IS shown below.. General Support 602 Govèrnance Payroll Bure8U Professional Fee$ Trustee Training & AGM Costs Accotsntancy Fees Total 2024 Basls of apportlonment 602 lype of expense 13 type of expense 160 type of expense 960 type of expense 1.T35 160 960 S15 1.120 General Support 542 21 Govemance Payroll Bureau Professional Fees Accountancy Fees Total 2023 Ba$ls of apportlonm•nt 542 typè of expon8e 21 type ol èxpensè 950 type of expense 1.513 950 950 563 9. Analys15 of Stall Cost5 Yoar Endod Y••r End•d 31 March 31 March 2024 2023 Wages and S81aries Redundancy Social Security Costs Pen510n Costs 155,936 148,108 S.749 4,519 1e6.206 5.022 3,e53 156,783 Support cost$ 166,208 15e,783 16e.208 158.783 The average number ol èmployees during the year wa¥ 14 Iprevious year. 141 The cmarity Considers ils key m8nagemenl personnel comprises the trustees 8nd Youth Work Manager. The lolal employment benefit5, Including employer pension and NIC contributions of the key mana8ernent personnel were £41,296 Iprevious yèar.. £37,1e9. including employer pension contrlbulionsl. No employe¥ has benefits in ¥xcess of £60.000 (previous year. none). 10. Indepèndent Examlner F•e• Y•ar Endod Year Ended 31 Maich 31 March 2024 2023 Independent examination fees 960 960 950 950 71. Tanglble Flxed As3ets Motor Vghl¢le8 Cost At 1 April 2023 Addition5 At 31 March 2024 qulpment Total 38,188 23,454 579 24,033 61,642 579 62,221 38,188 Depreclatlgn At 1 April 2023 Charge lor YÉ3r Af 31 March 2024 9,547 9,547 19,094 18,872 4,330 23,202 28,419 13,877 42,296 NET BOOK VALUE At 31 March 2024 At 31 March 2023 19.094 28,641 831 19.925 33,223 4,582
YPAC MANCHESTER LTD 17 Notes to the accounts forthe year ended 31st March 2024 12. Analysis of debtors 2024 2023 Debtors Prepayments 4,924 4.390 9,314 6,938 6,938 Oebtor5 and prepayments related to restricted funds £6,82612023.. £9,314) and unrÈ5tricted funds £11212023.. Enill. 13. Creditors.. amounts falling due withln one year Z024 2023 Cre¢ilors Short-term compensated absences (holiday payl Other creditors and accruals Deferd Income Taxation an4 social security costs 5,652 3,957 2,009 950 41.500 960 44,000 3,199 53.811 48,418 14. D8ferr•d Incom• Deferred income comprises grants rec8iv8d in advancè BalanTr as ai 1 April 2023 Amount rèleased lo Income earned from charitable aelivities Amount deferred In year Balance at 31 March 2024 41.500 141.5001 44.000 44,000 1 S. Analy818 of charltable funds An8lysi8 ol mov•menl$ In unre8trlet•d Ivnd8 Balancè a¢ 1 Apill 2023 Incomlng Resourc•8 Resource$ Exp•nd•d Balance at 31 March 2024 Transfer• General Fund Designated Fund 7,494 29,500 38.094 24,920 18.5021 S,615 29,527 29,500 59.027 24.920 18,5021 5.816 Previgus reporting period Bal•n¢e at i Aprll 2022 In¢omlng R•$ource8 Resourc•8 Expond8d Balancè at 31 March 2023 Tran•fèrs Ggneral Fund Da$ignaled Fund e.944 25.024 31,968 4.172 2,732 16.3541 4.476 11,8761 7.4Q4 29.500 3e,994 4,172 2,732 Namè ol unre8trlcted fund: General Fund Designated Fund De8¢rlptlon, naturè and purpose of the fund Th8"free r•sèrves after allowing for all deBignal6d fund• For future dund8CY and closure costs
YPAC MANCHESTER LTD 18 Notes to the accounts lor the year endèd 31st March 2024 15. AThalysls of charitable funds Analys1$ ol rnovements in rgstrlctgd funds Balaneè at 1 Aprhl 2023 Incoming Rèsources Resource? Expended Balance at 31 Mar¢h 2024 Transfers Adaclus Housing- Jigsaw Jigsaw BBC Ch11dren in Need Youth Investment Fund Collyhurst Big Local Canal & River Trust Cycle 8nd SlriLle 4CT Limited Young Manchestei East 4CT Litnited - Keepino Children Safe (East) 4CT Limilsd - Health and Wèllb&ing Fund 4CT Limited- EYSA East 4CT Limited- EYSA East 22123 Manchèster Youth Zona- EYSA North Manchester City Council- Youth and Play 4CT Limite¢ XCYPS Ea5123 4CT- HAF 2023 AF 2024 Manchester Youth Zone- Holiday Actsvity Fund North 4CT Limited- Holiday Activity Fund Summer Xm89 22 4CT Limited- MCR Active 4CT Lirniled- VRU 4CT Limited- Work and Skills 4CT Limited- Youth and Play East Manchester Youth Zone- HAF October North Manchester Youth Zone GM Navigatorg Manchester City Council- Youth Bank Manehesler Youth Zone- KCYPS North Manchester Youth Zone- Wellbeing Manchester Youth Zone- Youth and Play North The National Lottery Posicode Lottery Manchester Youth Zone- Keepln9 Childran Safe INorthl NM Lottery Garfield Weston GM Navig8lors Oldham Hub Young Manchèster- Youth Girls Young Manchester- Youth Le¢ Thursday Henry Smith HMG Manchestèr City Counell Manchester City Council Public Health Manchester City Council EYMPP Ubele UK Youth Young M8nchester- Football Young Mancheslor- Playscheme Youth Bank Manchester Youth Zone- CMC Manchèster Youth Zonef(oung Manchester North Maneh651er Youth Zone- EYSA North Manchester Youth Zone- Holiday Activity Fund North Rank Foundation Tudof Trust Tudor Trust Staff Support Fund We Love Manchester Stronger Communities We Love Manchester 1,130 19021 15.0031 111.5481 228 5,000 80,777 2.207 4.524 2.160 1.783 1,903 1,919 1,929 1,138 173 19,229 2,207 801 13,7231 11,8781 282 11,7831 11,9031 18681 1,051 11,9291 18.409 49.780 16,230 299 1,688 83 148.0921 116,1471 593 180 15931 11801 2,659 875 2,174 12.8591 13751 127.2511 soo 723 25.800 5.000 1,500 30,000 10,027 14,6501 11,3951 115.7511 110,0271 12.0001 112.0351 14.5861 13.7081 350 105 14.249 2,000 682 11.988 4.610 e35 24 3.708 2.258 315 17 278 2,258 305 20,000 120,0171 27e 8,200 5,900 22.500 18,2001 14.5831 112.9031 1.317 14,759 sog 1,e96 432 244 5,1e2 509 1.898 540 484 88 90 70 514 8.137 836 11081 12401 1881 1901 1701 1801 14.9741 12031 18291 13901 434 3,183 633 400 1,579 233 1,229 1,969 233 682 2.686 16821 128.9171 30.000 3,789 172 172 347 13471 1275,5581 90,853 284,944 15.6151 74,624 The atK)ve transfers to unrestricte¢ funds were with the written consent of the funders.
VPAC MANCHESTER LTD Notes to the actounts for the year ended 31st March 2024 19 15. Analysis of charitable lunds Analy515 of movements In restrlcted fvnds Previous reportin8 period Balance at I April 2022 Incoming R•sources Resourcès Expende 8alance at 31 March 2023 Transfers Adaclus Housing- Jigsaw Jigs8W BBC Children In Need Youth Investment Fund Collyhur$l 819 Local Canal & River Trust Cycle and Stride 4CT Limited- Covid Recovery 4CT Limited- Young Manchgsler East 4CT Limiie(J- Keeping Childrn Safa (Easll 4CT Limited- Health and Wellbeing Fund 4CT Limited- EYSA East 4CT Limited- EYSA East 22123 Manchester Youth Zone- EYSA North 4CT Limited - Holiday Activity Fund Easter 4CT Limil6d- HAF February H8lf-Temi 4CT Limited- Holiday Activity Fund Summer Xmas 4CT Limit&d- Holiday Activity Fund Summer Xmas 22 4CT Limilad- MCR Active 4CT Limited- VRU 4CT Lirnitecl- Work and Ski118 4CT Llmiled - Youth and Play East Mancttesler Youth Zone- HAF Oclobgr North Manchester Youth Zone- Wellb&ing Manchester Youth Zone. Youth and Play North Postcode Loiièry Manchester Youth Zone. Keeping Children Salè (Northl NM Lollery Garfièld Weston GM N8vigatorJ Oldham Hub Henry Smith HMG Manchester City Council Manchester Cily Council Public Health Manch051er City Council EYMPP Ubèle UK Youlh Young Manchester- Football Young M8n¢hester- Playscheme Young Manchèster Arts Youth Bank Manchester Youth Zone- CMC Manch&3ler Youth Zonelyoung Manchester North Manchester Youth Zone- EYSA North Manchester Youth Zone- Holiday Activity Fund North Rank Foundation Trusthouse Tuilof Trust Tudor Trust Staff Support Fun4 We Love M8nchester Stronger Comrnunilies We Love Manchester 10,000 18.8701 1,130 30.880 2,207 11,7611 1,878 30.777 2,207 4,524 2.160 4.524 5.995 13,8351 11,5001 13.3411 14321 15.8811 6721 128,3571 19,8981 12,8001 13.2431 1,500 S,124 2.335 1,783 1.903 1,919 1,929 1,138 173 7,800 2,601 29.495 10,089 2,800 3.243 593 593 180 14,000 113,8201 15.000 112.3411 15,4161 116,8281 17381 2,659 875 2.174 6.291 19,000 745 2.000 15,823 11,006 2,000 882 3.708 2,258 315 17 276 5,182 509 17,3001 12091 2,467 512 4,049 10,000 4,820 509 1.698 3,000 7,824 88 90 70 531 4.055 9.991 1,422 2,270 2.172 233 e82 14,0321 19,7241 12g.8581 30.000 1.698 540 12,4601 17.3401 88 90 70 S14 14.0551 11,8541 15861 8.137 836 1,229 1,989 233 882 12031 2,849 2.330 12.8491 129.6441 30.000 2,686 10 172 347 90,853 172 378 118.036 1291 1236,0681 207.007 1.878
YPAC MANCHESTER LTD zo Notes to the accounts for thè year ended 31st March 2024 15. Analysls of charltable lund5 Analysis of movement5 in restrlcted fund5 Name of iestricte(I fund.. Adattus HoSIn8- Jigsaw Ji85aw BBC Children in Need Youth Investment Fund Collyhurst Big Local C3nal & River Trust Cycle and Siride 4CT Limited Young Manchester East 4CT Limited- Keeping Children Safe IEastl 4CT Limited- Health and Wellbein8 Fund 4CT Limited - EY5A East 4CT Limited- EYSA East 22/23 Manchester Youth Zone- EYSA North Manchester City Council Youth and Pla¥ 4CT Limited - KCYPS East 23 Doscrlptlon. natur• and purpose of the fun for lerm-time weekly Playwork sessions for p12y sessions from February towards salary costs snd projeel work with the Junior Youth for delivery of school workshops and school 8essions for a bi-weekly cycling session until August 2023 lor the purchase of cycling equipment for cycle project lor youth 8nd play work costs In Milés Plalling and Ancoats lo deliver detached work In Miles Plalling an¢ Neon Heath for dtslivery of Play Plus health and wellbeing seesion for 8-12 year olds to deliver detached work in Mi1è5 Platting and Newton Heath lo deliver detached youth work in Miles Plalling and Newton Heath lo deliver targeted detached work In Collyhursl and Harpurhey to deliver Youlhwork activities batween January and March 2024 to deliver detached work In Miles Plattino, Newton Heath. Clayton and Openshaw lo provide a holiday playseheme during Easltr, Summér and Christmas holidays lo provide a holiday play¥cheme durinG Easter. Summer and Chri$irnas holidays lor delivery of a playscheme over Summer and Christmas for delivery of a playschème over summer and Christmas 2022 for delivtrry of a play$cheme over Easter 2022 lo deliver detached youth work in the Phillps Park area for delivery ol a weekly NEET employability session until June 2022 for youthwork costs In East Manchester lo deliver activities over October half-tèrrn for delivery of dela¢hed work t¢)wards delaehed work and 1.. 1 provision lor youn9 peoplè lo deliver a grant giving programme lo deliver detached work In Collyhursl ancj Harpurhey towards a wellbeing residential lor young people In North Manchègler to deliver detached work in Collyhurjl and Hsrpurhey Million Hours funding for gumrner acllvilies lo deliver a youth club on Thurs(lay èvenings for developing a knile crime resource to provide ess&niial equlpmenl for Individual young people during the Covioj lockdown for a 2 year Detached Youth Work prole¢i across Gollyhurst. Miles Plathng and Anco81s for delivery of Training and Youth work inierv8nb.ons in 22123 social action project for ygung women sotsal action project for Thursday dub towards s818ry costs lor the Social Enterprise work for 8 10 week iargeted youth support proieei lo deliver Trauma Informed Youth work in 22123 to deliver a phOtraphY project across East Manchester to deliver a residential around System change for BAME young people for Youth work activities and a(Jdilional worker ror a football toumament run with ACN and MYZ for delivery of 8 Summer p18ys¢hem8 for young people lo deliver a grant programme lo support Identified young people on a 1-1 basis lo proviiye 1-1 support for young peOe al risk through knife crime and serious youth violence to deliver det8che(I work in Collyhursl and Harpurhey for delivery of detached work and fcA)d provision in Collyhurst and Newton Heath lor aèvelopment of a Theory of Change for Detached work towards salary Costs lo support staff well being lo provide support for year 11 young people leaving school post pand6mi to provide support and resources lo young people during the Covid lockdown 4CT- HAF 2023 HAF 2024 Manchester Youth Zone- Holiday Activity Fund North 4CT Limited - Holiday Actlvity Fund summer Xmas 22 4CT Lirnited- MCR Active 4CT Limiied- VRU 4CT Limited- Work and Skills 4CT Limited Youth and Play East Manchester Youth Zone- 14AF October North Manchester Youth Zone Ghn Navigators Manchester City Council Youth Bank M3nchester Youth Zone- KCYPS Norih Manchester Youth Zone- Wellbelng Manche5rer Youth Zone- Youth and Play North The National Lottery Postcode Lottery Manchester Youth 2onè- Keeping Children S31e (Northl NM Lottery Garfleld WÈ5ton GM N£vi8ators Oldham Hub Young M3nchestÉr- Youth Led Girls Youn8 Manchester- Youth Led Thursday Henry Smith HMG Manchester City Council Manchester City Council Public Health Manchester City Council EYMPP Ubele UK Youth Young Manchester- Football Young Manchester- Playscheme Youth Bank Manchester Youth Zone- CMC Manchester Youth Zone/Youn8 Manchester North Manchester Youth Zone- EYSA North Manchester Youth Zone- Holiday Activity Fund North Rank Foundation Tudor Trust Tudor Trust Staff Support Fund We Love Manchester Stroneer Communitie5 We Love Manchester
YPAC MANCHESTER LTD Notes to the accounts for the year ended 31st March 2024 21 16. Analysls of net assets between funds Unrestrlcted funds Deslgnated funds Re8trlcted funds Total 2024 Tangible fixe¢ assets Cash al bank and In hand Other net currsnt asset(lIabIlltiesI Total 19,925 58.724 12,0251 74,624 19,925 180,599 14e.8731 133,651 74,375 144.8481 29.527 29,500 29,500 Previous reporting period Unrestilcted funds Deslgnated funds Restricted funds Total 2023 Tangible fixed assets Cash al bank and in hand 33,223 93.773 136.1431 90.853 33,223 133,726 139.1021 127,847 10,453 12.9591 7,494 29.500 Total 29,500 17. Flnanclal Instrum8nt8 The eharily only has financial as8els and liabilities of a Kind that qualify 8$ basic financial inslrumont$. Basic finala1 insirumènls are initially re¢ogni5ed on a transaction valuè and subsequently measured al their settlernenl value wlth the exception of bank loans which arè $ubsequenlly meastsr6d at an amortised cost using the èffective interest method.
YPAC MANcHe5TER LTD 22 Income and Expenditure Ac¢oL4nt Year Ended Year Ended 315t March 315t Mar¢h 2024 2023 Income DofjatiOll5 Investment Income Unrestriited grants.. 4CT- CRF Reclaim FEC Development Manègement Morgan Sin(fall UK Youth PEARS Restrictèd grants.. Adaitus Housing JiE53w C3nal & River Trust 4CT Limited- Covid AecovÈry 4CT Limited- Health and Wellbein8 Fund 4CT Limited- EYSA Easi 22123 Gaffield Weston Manchester Youth Zone- EYSA North Manchester Cily Council- Youth and Plav 4CT LirTriled- Holiday Activity Fund Ea51er 4CT Limited- HAF February Half-Terrn 4CT Limited- KCYP5 Ea5123 4CT- HAF 2023 4CT Limited- Hollday Activity Fund Summor Xmas 22 4CT Lirniled- VRU 4CT Limited Youth and Ploy East Manchester Youth Zone- HAF October North Manchester Youth Zone GM Navigatcr5 lig5aW Manchester City Council Youth Bènk Manchester Ycuih Zone- KCYPS North Manchester Youth Zone- WellbÈinB Manchester Youth Zone- Youth ènd Play North Th*. NatiOn31 Lottery Postcod@ Lottery Youn8 Manche5ter- Youth Led Girls Young Manchester- Youth Led Thursday Henry Smith Tudor Trust Generated inctsme Tot•1 Incomi 1.200 1.040 1.350 296 1.500 1,000 19.000 10,000 4.524 1.500 7,800 29.495 20,000 10.069 18.409 2,800 3.243 49.780 16.230 14.000 1S,000 19,000 745 25,800 s,000 1.800 5,000 30,000 10.027 2.000 15,823 11,988 4.810 11.008 8,200 5.900 22,500 30.000 574 289,B64 30.000 30,000 3.132 211,179 Expendlture Employment C¢sts Recruitrrent Training Frèelance Fees Monitorin8 System DBS Fees Youth activity costs Travel expense5 Equipment Bank Char8es Minibus Expenses Telephone Rent Insurance Governance costs Post, Printin8 & Stationery Dèpreciation Total Expenditure 168,206 285 8.e98 5,000 1,386 1se.783 257 2.529 202 42,388 613 4.215 62.475 425 3.272 73 1,102 2.721 14.925 1,378 1.735 502 13.977 284,060 12,540 4.120 1.513 698 4.371 233,338 Surpluslldeficlt for yearl 5.804 122.1571