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|||||~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||||
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||||||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|
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||||||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|
##
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##
|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||
##
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##
|||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||