| ~Pa e No. | ||||
|---|---|---|---|---|
| Reference and Administrative | Information | |||
| Trustees | Report | 2-8 | ||
| Auditors | Report | 9- 11 | ||
| Statement | of Financial | Activities | 12 | |
| Balance Sheet | 13 | |||
| Statement | ot Cash Flows | |||
| Notes to | the Financial | Statements | 15-25 |
| President: | Sir Norman Stoller CBE |
Sir Norman Stoller CBE |
Sir Norman Stoller CBE |
KStJ DL | ||
|---|---|---|---|---|---|---|
| Trustees at date report approved: | Christopher Wareing |
(Chair) | ||||
| John Ainley | ||||||
| Fozta T Amin (appointed | 30.05.23) | |||||
| Dave Benstead | ||||||
| Philip Marsh (appointed | 01.02.23) | |||||
| Ann Ashton | ||||||
| Janelle M Barker |
||||||
| Paul Axon (appointed | 01.02.23) | |||||
| Terry Flanagan | ||||||
| Andrew Milnes |
||||||
| Jonathan Lloyd |
||||||
| Other Trustees who | served during year: | Kashif Ashraf (resigned | 28.03.23) | |||
| Stephanie A Bolshaw |
(resigned 31.01.23) | |||||
| Adam J Poyner | (resigned 31.01.23) | |||||
| Chief Executive (interim): | Lucy Lees | |||||
| Registered | Office: | Egerton Street | ||||
| Oldham | ||||||
| OL1 3SE | ||||||
| Business | address: | Egerlon Street | ||||
| Oldham | ||||||
| OL1 3SE | ||||||
| Auditors: | BK Plus Audit | Limited | ||||
| Sterling House | ||||||
| 501 Middleton | Road | |||||
| Chadderton | ||||||
| Oldham | ||||||
| OL9 9LY | ||||||
| Bankers: | Natwest | |||||
| 10Yorkshire Street | ||||||
| Oldham | ||||||
| OL1 1QT | ||||||
| Company | number: | 06946098 | ||||
| Registered | Charity | number: | 1134427 |
| 2023 | 2022 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Unrestricted | Restricted | ||||||
| Nate | Funds | Funds | Total | Funds | Funds | Tots I |
|||
| f | f | f | f | f | f | ||||
| INCOME | |||||||||
| Donations and legacies |
2 | 510,922 | 510,922 | 653,433 | 67,749 | 721,182 | |||
| Charitable activities: |
|||||||||
| Dehvery income | 3 | 193,340 | 369,884 | 583,224 | 134,476 | 464,722 | 599,198 | ||
| Other lradmg activities |
|||||||||
| Fundraising | events | 4 | 229,035 | 229,036 | 143,850 | 143,850 | |||
| inveslmenlincome | 3,139 | 3,139 | 69 | 69 | |||||
| Otherincome | 2 938 | 2 938 | 43 394 | 43 394 | |||||
| Total incoming resources |
939,374 | 389,884 | 1,329,258 | 975,222 | 532,471 | 1,607,693 | |||
| EXPENDITURE | |||||||||
| Raising funds | 99,950 | 99,950 | 77,056 | '(/,058 | |||||
| Chsrilabie activities: |
|||||||||
| Youth proJects | and activities | 7 | 988,461 | 530,555 | 1,519,026 | 740,439 | 670,719 | 1,411,158 | |
| Governance | 7 | 26,466 | - | 26,466 | 25,991 | — | 25,991 | ||
| Total expenditure | 7 | 1,114,877 | 630,665 | 1,645,442 | 843,488 | 670,719 | 1,514,207 | ||
| Net (outgoing) Incoming |
resourcos | ||||||||
| before other recognised | gains and losses | (176,603) | (140,681) | (316,184) | 131,734 | (138,248) | (6,514) | ||
| Other recognised gains and losses |
|||||||||
| Net movement ln funds |
(176,503) | (140,681) | (316,184) | 131,734 | (138,248) | (6,614 | |||
| Reconciliation offunds |
|||||||||
| Total funds brought forward |
1 071 972 | 5636798 | 6708 770 | 940 238 | 5775 046 | 5715 28vl | |||
| Total funds carried forward | 19 | 896,469 | 5,496,117 | 6,392,586 | 1,071,972 | 5,636,798 | 6,708,770 |
| Nlahdlo (Oldham Youth |
Zone) | |||
|---|---|---|---|---|
| BALANCE SHEET: | AS AT 31 MARCH 2023 | |||
| Note | 2023 | 2022 | ||
| 6 | 6 | |||
| FIXEDASSETS | ||||
| Tangible assets | 12 | 5,538,270 | 5,713,656 | |
| Total fixed assets | 5,538270 | 5,713,656 | ||
| CURRENT ASSETS | ||||
| Stock | 13 | 1,000 | ||
| Debtors | 14 | 564,424 | 579,272 | |
| Cash at bank and In hand |
15 | 582,253 | 678,016 | |
| Total current assets | 1,147,677 | 1,257,288 | ||
| LIABILITIES: | ||||
| Creditors failing due within one year |
293,361 | 262,174 | ||
| Net current assets | 854316 | 995,114 | ||
| Net assets | 20 | 6392,586 | 6,708 770 | |
| THE FUNDS OF THE CHARITY | ||||
| Reslricfed income funds | 19 | 5,496,117 | 5,636,798 | |
| Unrestricted funds |
19 | 896,469 | 1,071,972 | |
| Total charity funds | 19 | 6 392586 | 6,708 770 |
| /Vo/e | 2023 | 2022 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 6 | 6 | |||||||||
| Cash used in |
operating | activities | 24 | «93,912 | 24,533 | |||||
| Cash flows from investing | activities | |||||||||
| Interest income | 3,139 | 69 | ||||||||
| Purchase of tangible | fixed | assets | (4,990) | (22,483) | ||||||
| Sale of Iangible | fixed | assets | ||||||||
| Cash provided | by (used | in) investing | activities | ~1,954 | «22 414 | |||||
| Increase/(decrease) | in cash | and cash | equivalents | |||||||
| in the year | (95,763) | 2,119 | ||||||||
| Cash and cash | equivalents | at the beginning | of the year | 678,016 | 675,897 | |||||
| Total cash and | cash | equivalents | at the end of the year | 582,253 | 678,016 |
| Unrestricted | Restricted | Total | Total | |||||
|---|---|---|---|---|---|---|---|---|
| 2023 6 |
2023 f |
2023 E |
2022f | |||||
| 2 | Income from donations | and le acies | ||||||
| Patrons programme | and | donations | 187,042 | 187,042 | 174,719 | |||
| Gift Aid recoverable | 23,880 | 23,880 | ||||||
| Covld-19 support grants |
178,714 | |||||||
| BBCChildren in Need grant |
67,749 | |||||||
| Local authority grants |
300,000 | 300,000 | 300,000 | |||||
| 510,922 | 510,922 | 721,182 | ||||||
| 3 | Income from charitable | activities | ||||||
| Delivery incomer | ||||||||
| Performance related |
grants | (prolect funding) | 14,181 | 389,884 | 404,065 | 464,722 | ||
| Service level agreements | 32,184 | 32,184 | 13,342 | |||||
| Caftan and refreshments | 37,204 | 37,204 | 28,300 | |||||
| Facility hire | 74,453 | 74,453 | 62,055 | |||||
| Membership, fees and sale |
ofgoods | 35 318 | 35,318 | 30,779 | ||||
| 193340 | 389,884 | 583,224 | 599,198 | |||||
| 4 | Income from other tradin | activities | ||||||
| Fundraising events |
229,035 | 229,035 | 143,850 | |||||
| 229,035 | 229,035 | 143,850 | ||||||
| 5 | Investment Income |
|||||||
| Bank deposit interest | 3,139 | 3,139 | 69 | |||||
| 3,139 | 3,139 | 69 | ||||||
| 6 | Other Income | |||||||
| Coronavirus job retention |
scheme grant | 19,804 | ||||||
| Staff secondment | 13,820 | |||||||
| Other income | 2,938 | 2,938 | 9,770 | |||||
| 2,938 | 2,938 | 43,394 |
| TES TO TH ~Edtt |
E FINANCI | AL S | TATE | MENTS: Y |
EAR ENDE | D | 31 MARCH | 2023 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Charitable | activities | |||||||||
| dt | ||||||||||
| ERICH tt | d | Ots | Total | Total | ||||||
| 2023 | 2022 | |||||||||
| E | 6 | |||||||||
| Costs directly allocated to activities | ||||||||||
| Staff costs | 57,981 | 777,805 | 835,786 | 799,703 | ||||||
| Recruitment | and employee | costs | 11,652 | 11,652 | 14,814 | |||||
| Rent and property costs | 220,387 | 220,387 | 194,143 | |||||||
| Stationery | and administration | 21,034 | 21,034 | 9,074 | ||||||
| Printing, promotions, |
advertising | and publicity | 3,385 | 477 | 3,862 | 13,174 | ||||
| Telephone, | data communication | and computer | 33,431 | 33,431 | 24,353 | |||||
| Depreciation | 162,338 | 162,338 | 174,135 | |||||||
| Project delivery costs | 131,025 | 131,025 | 77,809 | |||||||
| Catering | 29,535 | 29,535 | 31,822 | |||||||
| Bad debts | 170 | 170 | 220 | |||||||
| Fundraising | 38,584 | 38,584 | 15,875 | |||||||
| 99,950 | 1,387854 | 1 487,804 | 1,355,122 | |||||||
| Support costs | ||||||||||
| Staff costs | 56,163 | 16,906 | 73,069 | 83,751 | ||||||
| Recruitment | and employee | costs | 2,913 | 2,913 | 3,703 | |||||
| Rent and property costs | 24,487 | 24,487 | 21,572 | |||||||
| Stationery and administration |
2,337 | 2,337 | 1,008 | |||||||
| Telephone, | data communication | and computer | 11,144 | 11,144 | 8,118 | |||||
| Professional | services | 12,437 | 12,437 | 8,519 | ||||||
| Audit | 9,560 | 9,560 | 9,200 | |||||||
| Depreciation | 18,038 | 18,038 | 19,348 | |||||||
| Bank charges | 3,653 | 3,653 | 3,866 | |||||||
| 131,172 | 26 466 | 157,638 | 159,085 | |||||||
| Total expenditure | 99,950 | 1,519,026 | 26,466 | 1,645,442 | 1,514,207 |
| Total | Total | ||||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| 8 | Staff costs | F | E | ||
| Total staff emoluments | for the year were as foliowst' | ||||
| Salaries | 828,381 | 808,583 | |||
| National | Insurance | 58,321 | 53,809 | ||
| Pension | 22,153 | 21,062 | |||
| 908,855 | 883,454 |
| number of |
full | -time | equivalent employees dunng the ye |
ar were as follows: | |||
|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||
| dumber | ttvruber | ||||||
| Chantable | activilies | 29 | 25 | ||||
| Generating | funds | 2 | 1 | ||||
| Administration | and | support | 3 | 3 | |||
| Governance | 1 | 1 | |||||
| 35 | 30 |
| Net mov | emen | t in fund |
s | |||||
|---|---|---|---|---|---|---|---|---|
| Total | Total | |||||||
| 2023 | 2022 | |||||||
| K | 5 | |||||||
| Net movement | in funds | is arrived | at after charging | l(crediting): | ||||
| Depreciation | oftangible | fixed assets | —resiricted | 140,681 | 143,708 | |||
| - unrestricted | 39,695 | 49,775 | ||||||
| Auditors | remuneration | |||||||
| Audit of the | financial | statements | 9,560 | 9,200 | ||||
| Operating | lease rentals | —Office equipment | 5,308 | 3,541 |
| ra'' | ||||||||
|---|---|---|---|---|---|---|---|---|
| Long | Leasehold | Office 8 | ||||||
| leasehold | improve- | Club | electrical | Furniture | & | Motor | ||
| property | ments | Equipment | Equipment | fittings | vehicles | Total | ||
| Cost | ||||||||
| At 1 April 2022 | 6,241,174 | 76,831 | 119,265 | 77,854 | 37,187 | 15,885 | 6,568,196 | |
| Additions | 960 | 4,030 | 4 990 | |||||
| Dlsposals At 31 March 2023 |
6,241,174 | ~76 831 | 120,225 | 81,884 | 37 | 187 | 15885 | 6 573 186 |
| De reclat on | ||||||||
| At 1 April 2022 | 638,989 | 36,150 | 91,482 | 60,178 | 21,785 | 5,956 | 854,540 | |
| Charge for the period | 124,824 | 6,065 | 23,180 | 12,274 | 10,062 | 3,971 | 160,376 | |
| Dlsposals Al 31 Marcli 2023 |
~763813 | 42,215 | 114,662 | 72,452 | 31,847 | 9,927 | 1,034 916 | |
| At 31 March 2023 | ~5477 361 | 34,616 | 5,563 | 9,432 | 5,340 | 5,958 | 5,538,270 | |
| At 31 March 2022 | 5 602 185 | 40 681 | 27 783 | 17 676 | 15 | 402 | 9,929 | 5,713656 |
| 2023 | 2022 | |||||||
| 6 | 6 | |||||||
| Stock | ||||||||
| Cafe and kitchen stock | 1,000 |
| 2023 | 2022 | ||
|---|---|---|---|
| 8 | 6 | ||
| 14 | Debtors | ||
| Trade debtors | 98,088 | 129,065 | |
| Other debtors | 425,400 | 425,610 | |
| Prepayments | 40,936 | 17,097 | |
| Accrued income |
7,500 | ||
| 64,4 4 | 57 72 |
| 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 | at | bank | 581,643 | 677,809 | |||||
| Cash | in | hand | 610 | 207 | |||||
| 582,252 | 678 | ||||||||
| 16 | Creditors; amounts faffln |
due within | one | ear | |||||
| Trade | creditors | 80,008 | 4,905 | ||||||
| Other | creditors | 5,671 | 1,959 | ||||||
| Accruals | 74,951 | 84,307 | |||||||
| Deferred | income | 132,731 | 171,003 | ||||||
| 293,361 | 262,174 | ||||||||
| Movemenls on deferred |
income account. | ' | |||||||
| Brought forward | 171,003 | 166,235 | |||||||
| Released | (171,003) | (166,235) | |||||||
| Income deferred | in current year | 132,731 | 171,003 | ||||||
| 132,731 | 171,003 | ||||||||
| 17 | 0 eratin | lease commitments | 2023 | 2022 | |||||
| f | E | ||||||||
| The total | future minimum |
lease payments | under | non-cancellable | |||||
| operating | leases are as | follows: | |||||||
| Office | equipment leases |
which expire: | |||||||
| within one year | 577 | ||||||||
| between two |
and | five years | 13,424 | 4,796 | |||||
| in over five yeais | |||||||||
| 13,424 | 5,373 |
| 18 | Anal sls ofcharitable | funds | ||||||
|---|---|---|---|---|---|---|---|---|
| Analysis of fund movements: |
||||||||
| At | At | |||||||
| 1 April | Incoming | Resources | Gains | 31 March | ||||
| 2022 | resources | expended | (losses) | 2023 | ||||
| E | 8 | E | 6 | 6 | ||||
| Unrestricted funds: |
||||||||
| General fund |
1,071,972 | 939,374 | 1 114,877 | 896469 | ||||
| Restricted funds: | ||||||||
| Acquisition of property |
at | |||||||
| Egerton Street, Oidham | 3,611,704 | (83,993) | 3,527,711 | |||||
| Extension to property |
at | |||||||
| Egerton Street, Oldham | 1,985,567 | (40,730) | 1,944,837 | |||||
| Other fixed asset purchases | 36,768 | (14,854) | 21,914 | |||||
| Fundraising event for |
||||||||
| purchase of new vehicle |
2,759 | (1,104) | 1,655 | |||||
| Grants for project delivery |
381,215 | (381,215) | ||||||
| Others | 8,869 | (8,669) | ||||||
| Toiai restricted funds |
5,636,798 | 389,884 | 530,565 | 5,496,117 | ||||
| Total funds | 6,708,770 | 1,329,268 | (1,645,442) | 6,392,686 | ||||
| 0 | Anal sis of net assets |
between | funds | |||||
| General | Designated | Restricted | Tots I |
|||||
| Funds | Funds | Funds | Funds | |||||
| f | 5 | 8 | f | |||||
| Tangible fixed assets |
42,153 | 5,496,117 | 5,538,270 | |||||
| Current assets | 1,031,046 | 116,631 | 1,147,677 | |||||
| Current liabilities |
176,730 | 116,631 | 293361) | |||||
| Net assets 31 March 2023 | 896,469 | 5,496,117 | 6,392,586 |
| Donations | Charitable | Charitable | Other trading | |||
|---|---|---|---|---|---|---|
| Patrons | activities | activities | ||||
| programme | Facility | hire | ||||
| & donations | and other | ~Fundraisin | Total | |||
| E | F | |||||
| North Ainley | 376 | 2,109 | 2,485 | |||
| Mr J Ainley (Trustee) | 5 | 5 | ||||
| Mr J Lloyd (Trustee) | 20 | 20 | ||||
| Mr A Milnes (Trustee) | 100 | 100 | ||||
| Mr T Flanagan | (Trustee) | 3,020 | 2,492 | 5,512 | ||
| Mrs J Barker | (Trustee) | 1,200 | 1,200 | |||
| The Barker Foundation | 25,000 | 25,000 | ||||
| Mr C Wareing | (Trustee) | 393 | 393 | |||
| St Annes ARLFC Ltd | 620 | 620 | ||||
| Bedspace Ltd |
1,500 | 1,920 | 590 | 4,010 | ||
| 30,038 | 2,296 | 7,011 | 39,345 |
| Bedspace Ltd |
6250 | |
|---|---|---|
| North Ainley | 61,000 | |
| The Mahdlo Endowment | Trust | 5425,400 |
| F426,650 |
| Reconciliation of net |
moveme | nt in fund |
s to net c | ash flow from o | cretin activ |
|---|---|---|---|---|---|
| 2023 f |
2022f | ||||
| Net movement in funds |
(316,184) | (6,514) | |||
| Add back depreciation | charge | 180,376 | 193,483 | ||
| Deduct interest income | shown | in investing | activities | (3,139) | (69) |
| Decrease/(increase) in |
stock | (1,000) | |||
| Decrease/(increase) in increase/(decrease) in |
debtors creditors |
14,848 31,187 ~3,37 |
(16,690) ~74,37 34, 3 |
| Mahdlo (Oldham You |
th | Zone) | For informat1on | only - nol | ||
| part of statutory | accounts | |||||
| DETAILED INCOME AND | EXPENDITURE ACCOUNT; | YEAR ENDED 31 MARCH 2023 | ||||
| /y ofe | 2023 | 2022 | ||||
| 8 | 8 | |||||
| DONATIONS AND LEGACIES |
2 | 510,922 | 721,182 | |||
| INCOME FROM CHARITABLE ACTIVITIES | 3 | 583,224 | 599,198 | |||
| INCOME FROM OTHER | TRADING ACTIVITIES | 4 | 229,035 | 143,850 | ||
| INVESTMENT INCOME | 3,139 | 69 | ||||
| OTHER INCOME | 6 | 2,938 | 43,394 | |||
| 1,329,258 | 1,507,693 | |||||
| LESS EXPENDITURE: | ||||||
| Staffing costs | ||||||
| Salaries, Ni and Pension | Contributions | 8 | 908,855 | 883,454 | ||
| Freelance workers | ||||||
| 908,855 | 883,454 | |||||
| Premises costs | ||||||
| Ulilitie s | 119,509 | 52,367 | ||||
| Waste management | 3,389 | 3,307 | ||||
| Security | 4,442 | 11,567 | ||||
| Repairs, maintenance | and | materials | 52,636 | 93,431 | ||
| Cleaning | 44,841 | 36,916 | ||||
| tnsurances | 20,058 | 18,127 | ||||
| Fixed assets depremation | 180,376 | 193,483 | ||||
| 425,251 | 409,198 | |||||
| Management costs |
||||||
| Telephone | 8,729 | 10,718 | ||||
| Computer costs | 35,846 | 21,752 | ||||
| Professional fees |
21,997 | 17,719 | ||||
| Bank charges | 3,653 | 3,866 | ||||
| lsad debts | 170 | 220 | ||||
| Licences and partnering | arrangements | 28,310 | 23,614 | |||
| Staff recruitment, uniforms, |
travel and training | 14,565 | 18,517 | |||
| Iylarketlng and communications |
681 | 11,307 | ||||
| Administration | 23,370 | 10,082 | ||||
| Patron programme/general | events | 3,181 | 1,867 | |||
| Income generation events |
36,296 | 15,154 | ||||
| Fundraising | 2,288 | 721 | ||||
| 179,086 | 135,537 | |||||
| Delivery costs | ||||||
| Weekly programme consumabies |
28,031 | 1,774 | ||||
| Celebration and promotion |
events | 136 | 1,252 | |||
| Volunteer expenses |
376 | 54 | ||||
| Project delivery costs | 71,647 | 48,293 | ||||
| Off sife activity costs | 2,525 | 2,823 | ||||
| Catenng and retail supplies |
29,535 | 31,822 | ||||
| 132,250 | 86,018 | |||||
| TOTAL EXPENDITURE | 1,645,442 | 1,51/i,207 | ||||
| SURPLUS INCOME OVER EXPENDITURE | ,181 |