##
##
||||~PN|
|---|---|---|---|
|Reference
and Administrative||Information||
|Trustees Report|||2-8|
|Auditors
Report|||9-11|
|Statement
of Financial|Activities||12|
|Balance Sheet|||13|
|Statement
of Cash Flows|||14|
|Notes to the Financial|Statements||15-25|
##
|President:|President:||Sir Norman
Stoller CBEKStJ DL|Sir Norman
Stoller CBEKStJ DL|Sir Norman
Stoller CBEKStJ DL|Sir Norman
Stoller CBEKStJ DL|Sir Norman
Stoller CBEKStJ DL|
|---|---|---|---|---|---|---|---|
|Trustees||at date report approved:|Christopher
Wareing||(Chair)|||
||||John Ainley|||||
||||Kashif Ashraf|||||
||||Dave Benstead|||||
||||Stephanie
A Bolshaw|||||
||||Ann Ashton
(Appointed|||29.06.21)||
||||Janelle
M Barker|||||
||||Adam J Poyner (appointed||||25.05.21)|
||||Terry Flanagan|||||
||||Andrew
Milnes|||||
||||Jonathan
Lloyd|||||
|Other Trustees who served during year.|||Lindsay Walsh|(resigned||25.05.21)||
||||Kathryn
A Morley (resigned||||25.05.21)|
|Chief Executive (interim):|||Lucy Lees|||||
|Registered||Office:|Egerton Street|||||
||||Oldham|||||
||||OL1 3SE|||||
|Business||address:|Egerton Street|||||
||||Oldham|||||
||||OL1 3SE|||||
|Auditors:|||Wrigley Partington|||||
||||Sterling
House|||||
||||501 Middleton|Road||||
||||Chadderton|||||
||||Oldham|||||
||||OL9 9LY|||||
|Bankers:|||Natwest|||||
||||10Yorkshire Street|||||
||||Oldham|||||
||||OL1 1QT|||||
|Company|number:||06946098|||||
|Registered||Charity number:|1134427|||||
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||||||2022|||2021||
|---|---|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted||Unrestricted|Restricted||
||||Note|Funds|Funds|Total|Funds|Funds|Total|
|||||6|6|6|8|f|6|
|INCOME||||||||||
|Donations
and legacies|||2|653,433|67,749|721,182|962,582|633,343|1,595,925|
|Chantable
activities.||||||||||
|Delivery income|||3|134,476|464,722|599,198|25,294|407,138|432,432|
|Other trading
acti wties;||||||||||
|Fundraising|events||4|143,850||143,850|5,484||5,464|
|Investment
income||||69||69|157||157|
|Otherincome||||43 394||43 394|345699|500|346 199|
|Total incoming
resources||||976,222|532,471|1,507,693|1,339,216|1,040,981|2,380,197|
|EXPENDITURE||||||||||
|Raising funds|||7|77,056||77,056|78,631||78,631|
|Charitable
activities||||||||||
|Youth projects
Governance||and activities|7
7|740,439
25,991|670,719
—|1,411,158
25,991|433,619
32,946|953,690|1,387,509
32,946|
|Tote I expenditure||||843,488|670,719|1,514,207|545,396|953,690|1,499,086|
|Net (outgoing)
incoming||resources||||||||
|before other recognised||gains and losses||131,734|(138,248)|(6,614)|793,820|87,291|881,111|
|Other recognised
gains and losses||||||||||
|Net movement
In funds||||131,734|(138,248|(6,514|793,820|87,291|881,111|
|Reconciliation
offunds||||||||||
|Total funds brought
forward||||940,238|5,775,046|6,715,284|146,418|5,687,755|5,834,173|
|Total funds carried forward|||19|1,071,972|6,636,798|6,708,770|940,238|6,775,046|6,715,284|
##
##
|||Note|2022|2021|
|---|---|---|---|---|
||||6|6|
|FIXEDASSETS|||||
|Tangible assets||12|5,713,656|5,884,656|
|Total fixed assets|||5,713,656|5,884,656|
|CURRENT ASSETS|||||
|Stock||13|||
|Debtors||14|579,272|562,582|
|Cash at bank and|in hand|15|678,016|675,897|
|Total current assets|||1,257,288|1,238,479|
|LIABILITIES:|||||
|Creditors
falling due within one year||16|262, 174|407,851|
|Net current assets|||995,114|830,628|
|Net assets||20|6,708,770|6,715284|
|THE FUNDS OF THE CHARITY|||||
|Restricted income|funds|19|5,636,798|5,775,046|
|Unrestricted
funds||19|1,071,972|940,238|
|Total charity funds||19|6708,770|6,715,284|
##
##
|Mahdlo (Oldham
Youth Zone)|Mahdlo (Oldham
Youth Zone)||||||
|---|---|---|---|---|---|---|
|STATEMENT OF CASH FLOWS:||YEAR ENDED 31||MARCH 2022|||
|||||Note|2022|2021|
||||||F|6|
|Cash used
in|operating
activities|||24|24,533|586,335|
|Cash flows from investing
activities|||||||
|Interest income|||||69|157|
|Purchase of tangible
fixed assets|||||(22,483)|(244,823)|
|Sale of tangible|fixed assets|||||11,620|
|Cash provided|by (used in) investing|activities|||~22, 434|~233,646|
|Increase/(decrease)
in cash and cash||equivalents|||||
|in the year|||||2,119|353,289|
|Cash and cash|equivalents
at the beginning||of the year||675,897|322,608|
|Total cash and|cash equivalents
at the end ofthe year||||678,016|675,897|
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|Long leasehold|property|2'/o Straight|line|
|---|---|---|---|
|Property
building|works|10~/o Straight|line|
|Club equipment||33.3'/o Straight|line|
|Office and electdical equipment||33.3'/o Straight|line|
|Furniture
and fittings||33.3'%%d Straight|line|
|Motor vehicles||25'/o Straight|line|
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|||||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||||2022|2022|2022|2021|
||||||||g|8|F|
|2|Income from donations||and le||cles|||||
||Patrons programme|and|donations|||174,719||174,719|751,784|
||DCMS grant re: Community|||Match||||||
||Challenge|project|||||||436,076|
||Gift Aid recoverable||||||||8,065|
||Covid-19 support
grants|||||178,714||178,714||
||BBCChildren
in Need grant||||||67,749|67,749||
||Local authority
grants|||||300,000||300,000|400,000|
|||||||653,433|67,749|721,182|1,595,925|
|3|Income from charitable||a|tlvities||||||
||Delivery income:|||||||||
||Performance
related|grants||(project|funding)||464,722|464,722|407,138|
||Service level agreements|||||13,342||13,342|12,800|
||Cafe and refreshments|||||28,300||28,300|(418)|
||Facility hire
Membership,
fees and sale|||of goods||62,055
30,779||62,055
30,779|6,904
6,008|
|||||||134,476|464,722|599,198|432,432|
|4|Income from other t|din||activl|les|||||
||Fundraising
events|||||143,850||143,850|5,484|
|||||||143,850||143,850|5,484|
|5|Investment
Income|||||||||
||Bank deposit interest|||||69||69|157|
|||||||69||69|157|
|6|Other Income|||||||||
||Coronavirus
job retention||scheme grant|||19,804||19,804|325,936|
||Staff secondment|||||13,820||13,820||
||Profit on fixed asset disposal
Other income|||||9,770||9,770|11,620
8,643|
|||||||43,394||43,394|346,199|
##
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##
||||||Charitable|activities|||
|---|---|---|---|---|---|---|---|---|
||||||dd||||
|||.dpi|t|d|td 8
d=e a
a
tll|OQ|Total
2022f|Total
2021f|
|Costs directly allocated to activities|||||||||
|Staff costs||55,924|||743,779||799,703|898,812|
|Recruitment
and employee costs|||||14,814||14,814|5,463|
|Rent and property costs|||||194,143||194,143|118,163|
|Stationery
and administration|||||9,074||9,074|8,207|
|Printing,
promotions,
advertising|and publicity|5,259|||7,915||13,174|16,477|
|Telephone,
data communication|and computer||||24,353||24,353|37,562|
|Professional
services|||||||||
|Depreciation|||||174,135||174,135|136,742|
|Loss on fixed asset disposal|||||||||
|Project delivery costs|||||77,809||77,809|88,918|
|Catering
Bad debts|||||31,822
220||31,822
220|9,647|
|Fundraising||15,875|||||15,875|3,086|
|||77058|||1 278,064||1 355,122|1,323077|
|Support costs|||||||||
|Staff costs|||||66,960|16,791|83,751|114,539|
|Recruitment
and employee costs|||||3,703||3,703|1,366|
|Rent and property costs|||||21,572||21,572|13,129|
|Stationery
and administration|||||1,008||1,008|911|
|Telephone,
data communication|and computer||||8,118||8,118|12,521|
|Professional
services|||||8519||8,519|8,226|
|Audit||||||9,200|9,200|8,800|
|Depreciation|||||19,348|-|19,348|15,194|
|Loss on fixed asset disposal|||||||||
|Bank charges|||||3,866||3,866|1,323|
||||||133,094|25,991|159,085|176009|
|Total expenditure||77,058|||1,411,158|25,991|1,514,207|1,499,086|
##
##
||||||||||Total|Total|
|---|---|---|---|---|---|---|---|---|---|---|
|8|Staffcosts||||||||2022
8|2021|
||Total staff|emoluments||for the|year were|as follows:|||||
||Salaries||||||||808,583|936,160|
||National
Insurance
Pension||||||||53,809
21,062|57,927
19,264|
||||||||||883,454|1,013,351|
|9|Staff numbers||||||||||
||The average
monthly|||head count was 63||staff (2021:79)and the average||monthly|||
||number of|full-time|equivalent||employees|during|the year were as follows:||||
||||||||||2022|2021|
||||||||||Numtu¹|ffumber|
||Charitable|activities|||||||25|30|
||Generating|funds|||||||1|1|
||Administration
and||support||||||3|4|
||Governance||||||||1|1|
||||||||||30|36|
##
##
##
|Net mov|ement
in fund|s|||||
|---|---|---|---|---|---|---|
||||||Total|Total|
||||||2022|2021|
||||||K|8|
|Net movement
in funds||is arrived at after charging||/(crediting):|||
|Depreciation
oftangible||fixed assets|- restricted||143,708|111,548|
|Auditors|remuneration:||- unrestricted||49,775|40,387|
|Operating|Audit ofthe
lease rentals|financial
statements
- Office equipment|||9,200
3,541|8,800
4,214|
##
##
##
||Long|Leasehold||Office &||||
|---|---|---|---|---|---|---|---|
||leasehold|Improve-|Club|electrical|Furniture
&|Motor||
||propertY|ments|Equipment|Equipment|fittings|vehicles|Total|
|est||||||||
|At 1 April 2021
Additions
Disposals|6,241,174|67,531
9,300|114,252
5,013|72,282
5,572|34,589
2,598|15,885|6,545,713
22,483|
|At 31 March 2022|6 241 174|76831|119,265|77,854|37,187|15,885|6,568,196|
|At 1 April 2021
Charge for the period
Disposals|514,166
124,823|30,162
5,988|64,128
27,354|39,879
20,299|10,737
11,048|1,985
3,971|661,057
193,483|
|At 31 March 2022|638989|36150|91,482|60,178|21,785|5,956|854,540|
|Net Book Value||||||||
|At 31 March 2022|5,602,185|40,681|27,783|17,676|15,402|9,929|5,713,656|
|At 31 March 2021|5,727,008|37,369|50,124|32,403|23,852|13,900|5,884,656|
|||||||2022|2021|
|||||||6|8|
##
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##
|||2022f|2021
K|
|---|---|---|---|
|14|Debtors|||
||Trade debtors|129,065|61,699|
||Other debtors|425,610|425,400|
||Prepayments|17,097|27,218|
||Accrued income|7,500|48,265|
|||579,272|562,582|
||can b|e r|equested
back from|equested
back from|the trust as|and w|hen required
at sho|rt notice.||
|---|---|---|---|---|---|---|---|---|---|
|15|Cash|at|bank and in hand|||||||
||Cash
Cash|at bank
in hand||||||677,809
207|675,474
423|
|||||||||678016|675897|
|16|Creditors||amounts
fallin||due within|one|ear|||
||Trade|creditors||||||4,905|110,745|
||Other|creditors||||||1,959||
||Accruals|||||||84,307|130,871|
||Deferred||income|||||171,003|166,235|
|||||||||262, 174|407,851|
||Movements
on deferred|||income account:||||||
||||Brought forward
Released
Income deferred||in current year|||166,235
(166,235)
171,003|193,130
(193,130)
166,235|
|||||||||171,003|166,235|
|17|0 eratin||lease commitments|||||2022|2021|
|||||||||6|6|
||The total||future
minimum|lease payments||under|non-cancellable|||
||operating||leases are as|follows:||||||
||Office|equipment
leases||which expire:||||||
||||within one year|||||577|224|
||||between
two|and|five years|||4,796|8,690|
||||in over five years|||||||
|||||||||5,373|8,914|
##
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|Anal
I
f
aritabl
n|Anal
I
f
aritabl
n|Anal
I
f
aritabl
n||||||
|---|---|---|---|---|---|---|---|
|Analysis
offund movements:||||||||
||||At||||At|
||||1 April|Incoming|Resources|Gains|31 March|
||||2021|resources|expended|(losses)|2022|
||||6|6|6|6|6|
|Unrestricted
funds:||||||||
|General
fund|||940,238|975222|843,488||1,071,972|
|Restricted funds:||||||||
|Acquisition
ofproperty|at|||||||
|Egerton Street, Oldham|||3,695,697||(83,993)||3,611,704|
|Extension
to property|at|||||||
|Egerton Street, Oldham|||2,026,297||(40,730)||1,985,567|
|Other fixed asset purchases|||49,189|5,460|(17,881)||36,768|
|Fundraising
event for||||||||
|purchase
of new vehicle|||3,863||(1,104)||2,759|
|Funding
from BBCChildren||In||||||
|Need towards
new flooring||and||||||
|olhei' coals||||67,749|(67,749)|||
|Grants for project delivery||||454,008|(454,008)|||
|Others||||5,254|(5,254)|||
|Total restricted
funds|||5,775,046|532471|670,719||5,636,798|
|Total funds|||6,716,284|1,507,693|(1,514,207)||6,708,770|
|An
I
isofn
a s|betwe||f nds|||||
|||||General|Designated|Restricted|Total|
|||||Funds|Funds|Funds|Funds|
|||||5||6|6|
|Tangible
fixed assets
Current assets
Current
liabihties
Net assets 31 March 2022||||76,858
1,136,689
141 575
1,071,972||5,636,798
120,599
120,599
5,636,798|5,713,656
1,257,288
262,174
6,708,770|
##
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|Bedspace Ltd|Bedspace Ltd|||63,000|
|---|---|---|---|---|
|North Ainley||||61,250|
|Mr A Milnes|(Trustee)|||61,000|
|Mr T Flanagan||(Trustee)||6800|
|The Mahdlo|Endowment||Trust|F425,400|
|||||F431,450|
##
##
|Reconciliation
ofn|et|moveme|nt
in fund|s
o net c|ash flow from o|eratin
activ|
|---|---|---|---|---|---|---|
||||||2022|2021|
||||||E|E|
|Net movement
in funds|||||(6,514)|881,111|
|Add back depreciation||charge|||193,483|151,935|
|Add back (profit)/loss|on fixed asset disposal|||||(11,620)|
|Deduct interest income||shown|in investing|activities|(69)|(157)|
|Decrease/(increase)|in|stock||||1,501|
|Decrease/(increase)
Increase/(decrease)|in
in|debtors
creditors|||(16,690)
~446,677|(422,336)
~44, 999|
||||||24,533|586,335|
|ao (Oldham
Yout|||one)|For Information|only - not||
|---|---|---|---|---|---|---|
|||||part ofstatutory|accounts||
|DETAILED INCOME AND|||EXPENDITURE ACCOUNT:|YEAR ENDED 31 MARCH 2022|||
||||||2022|2021|
||||||6|8|
|DONATIONS
AND LEGACIES||||2|653,433|1,595,925|
|INCOME FROM CHARITABLE ACTIVITIES||||3|666,947|432,432|
|INCOME FROM OTHER TRADING ACTIVITIES||||4|143,850|5,484|
|INVESTMENT INCOME|||||69|157|
|OTHER INCOME||||6|43,394|346,199|
||||||1,507,693|2,380,197|
|LESSEXPENDITURE:|||||||
|Staffing costs|||||||
|Salaries, Nl and Pension
Freelance workers|Contributions|||8|883,454|1,013,351|
||||||883,454|1,013,351|
|Premises costs|||||||
|Utilities|||||52,367|39,441|
|Waste management|||||3,307|2,276|
|Security
Repairs, maintenance
and||matedtals|||11,567
93,431|6,848
40,865|
|Cleaning|||||36,916|23,553|
|Insurances|||||18,127|18,310|
|Loss on fixed asset disposal|||||||
|Fixed assets depreciation|||||193,483|151,935|
||||||409,198|283,228|
|Management
costs|||||||
|Telephone|||||10,718|14,502|
|Computer costs
Professional
fees|||||21,752
17,719|35,580
17,026|
|Bank charges
Bad debts|||||3,866
220|1,323|
|Licences and partnering
arrangements
Staff recruitment,
uniforms,
travel and training|||||23,614
18,517|17,444
6,829|
|Marketing
and communications|||||11,307|16,477|
|Administration
Patron programme/general||events|||10,082
1,867|9,119|
|Income generation
events|||||15,154|2,374|
|Fundraising|||||721|712|
||||||135,537|121,386|
|Delivery costs|||||||
|Weekly programme
consumables
Celebration
and promotion
events
Volunteer expenses|||||1,774
1,252
54|29,977
15,171
90|
|Project delivery costs
Off site activity costs
Catering and retail supplies|||||48,293
2,823
31,822|23,513
2,723
9,647|
||||||86,018|81,121|
|TOTAL EXPENDITURE||||1,514907||1,499,056|
|SURPLUS INCOME OVER|||EXPENDITURE|||881,111|
|||||27|||