Mahdlo (Oldham Youth Zone) IB company limiled by guaranle ryl nol haviftg 8 shar8 C8PttsII FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 Company number.. 06946098 Registered Charity Number= 1134427 BK Plus Audlt Lifflited Chartered Cerlllied Accountants Sterling House 501 Middlelon Road Chadderton Oldham OL9 9LY
Mahdlo (Oldhamyouth Zone) CONTENTS eNo. Reference and Administrative Information Trustees Report Audltors Report 9-11 Slalement of Flnan¢ial Activities 12 Balance Sheet 13 Slalement of Cash Flows 14 Notes to the Financial Slalemenls 15-25
Mahdlo Ioldhamyouth Zone) Reference and Adminlstratlve Informatlon Presldent: Sir Norman Sloller CBE KStJ DL Trustees at date report approved: Chris Wareing (Chaif) John Ainley Fozia T Amin (appointèd 30.05 231 Dave Benstead Philip Marsh Ann Ashton Janelle M Barker Paul Axon Terry Flanagan Jonathan Lloyd Other Truste08 who served durlng year: Andrew Mllnes (resigned 22.02.241 Chlef Execullv8: Lucy L88s Reglstered OffS¢0: Eg8rton Streel Oldham OL13SE Buslness address: Egerton Slreel Oldham OL13SE Audltors: BK Plus Audit Llmited Sterling House 501 Middleton Road Chadderton Oldham OL9 9LY Bankers: Natsvest 10 Yorkshlre Street Oldham OL11QT Company number: 0694fj098 Reglsterod Charlty number: 1134427
Mahdlo (Oldham Youth Zone) Trustees Report for the year ended 31 March 2024 The Trust885, who are also Directors for the purpose ol company law. present their report and the flnancial statements of the charity for the year ended 3151 March 2024. The provisions of the Statement of Recommand8d Praclice "Accounting and Reporting by Charities" (SORP IFRS102)) have been adopted in preparing tha annual report and financial slalements of the Gharity. Message from CEO, Lucy Lees As w8 reflect on thè past tw6lve months, we are immensely proud of Mahdlo Youth Zone's achlavéments and Ihe posltive Impact we have created wlthin our community. Our commitment to supporting young people and their families remains stronger than ever, and this dedication has manifested through various initiatives and programs Ihat alleviate pressures while opening doors for personal growth and developmènt for all of the young people of Oldham. Objectlves and Actlvitles The charitable objecliv8s as sel out in the Memorandum and Articles arè'to help and educate children In the North Wesl of England through their leisure lime acliviti8s by promoting théir full physical and spiritual potential in ord6r that they may grow lo full malurily a5 indivlduals and m8mbers of society and that thelr Conditions of lrfe may improve" Our misslon is'to dellver hlgh quality actlvitias and experiences for young p80ple from Oldham aged 8- 19125 with a disability) to enhance the quality of Ihair livas and provide support services for Ihosa who need addltional help lo achleve their potenlial.. W8 achi8ve this through our six programme areas.. Get Actlve- Young people's participation in a wide range of sports arKI physical activities at a 'try, train or t6am' level that promote good health, fitness and build self-esteem. Get Creatlv• - Utilising the specialist danGe sludlo, music room and media sui18 young people can engage in a broad range of arts and m6dia opportunities that develop creativity skills and confidence. Get Outdoors- Wè give young people the chance lo get out oftheir usual neighbourhood, exp8rienc8 outdoor adventure and reconnect wilh the environment promoting confidence, teamwork and social skill5. Get Sorted- Young people are able lo access support around personal health and wellbeing issues. We link with existing services In the town lo ensure we are SUPPOrting young people to access the Information advice and guidance they really need. Through one-lo-ones and group workshops, we promote healthy minds, lifestyles and p05ilive choices. Get Ahead- We recognise that getting the right skills and support Is key to gatling ahead. Wilh the help of partners and local businesses. our t8am support young peopla lo get on the right path for the futur8. Get Connected - We want young people to play a real role in the running of Mahdlo and lo hav8 a clear and coherent voice in the wid8r community. We support Ihem to be more connected through community projects and volunteering opportunities Ihat promote cilizen5hlp and leadership skills. The activities of the charity are undèrtaken to further its charilable purposes for public benefit and, in shaping our objectives for the year and planning our activities, the Iruslees have considered the Charity Commission's guidance on public benefit, including the guidance 'public benefi1= running a charity IP821" Th8 provision of a high-quality facility for young people responds to a clear, ongoing demand from young people, parents and the wider community for more and belter places for young people lo go. Our universal services. mainly based around our Get ActlV8, Get Creative and Gel Outdoors offer. are OP8n to all young people in Oldham. For Ihose experiencing disadvanlage or needing additional support
we offer additional targeted services. Short-term outcomes are happier young people making healthier choices Wlth increased social skills, achievements and enhanced aspirations. This has the wider impact of improv8d health and wellbeing, reduced crima, anhanced lèarning and employability and greater community cohesion. Key Achlev8m8nts In 202312024 This past year, in response to the intraasing challenges our community faS due lo the rising cost of living, we introduced freè membership. attendance. and hol meals for all members and th8ir families throughout the winter months. By providing such essential support, we helped ease worries about basic needs. from hot meals lo a safe and warm environment, as well as a trusted spac8 wh8r8 young people and families could shar8 their concÈms. The gratitude expressed by families afflrm8d the impact and necessity of this support. underscoring the importance of our role within the community. Our commitmanl lo empowéring young people to explore Iheir talents and passions continued to drive innovative programs. Th8-Artslam" events have become a highlight in Mahdlo's creative offerings, providing a vibrant platform for young artisls and performers to showcas8 Ih8ir skills. Our budding entrepreneurs also flourished, wllh some launching their own arl shops, g8Sning valuable businèss skills in the process. Meanwhilè, our sporting programs saw incredible success, parliGularly with our Senior Zone football team winning th8 Onside Youth Zones Foolball League. England midlielder and ManGhèst8r United legend Paul Scholes celebraled Ih8ir achieveménts by presenling medals and the league trophy, inspiring both our young wom8n and Junior Zon8 members to form their own teams. A signiflcanl highlight was th8 inspiring vislt from Honorary Patron Professor Brian Cox CBE, who shared his knowledge of the universe wilh 1,100 young people from local schools and collegès. This event fostered a de8p Int8resl in science and discovery. with many young attendeès describing it as a transformative experien¢8. Thèse moments reflecl just a few highlights from an outstanding year at Mahdlo. Each achlevement is testament to the collective efforts of our dedicated staff, voluntaers, patrons, and. above all, our remarkable young peop16 and Iheii families. Together, we have built a supportive, safe, and thrivlng 8nvironmenl where young people are empowered to SUC¢88d and grow. Key Slat18tlc8 Welcomed $8ven new patrons to Mahdlo. Beneficiary of Ihe Mlch881 Josephson MBE Ball for the thlrd consecutive year. Continued council funding al £300k. reflecting our robust relationship with local government. 52,820 visits ovar the past year. 2,899 unique memb8rs. 25.000+ free mea15 provlded. 280 young people with disabilities in attendance. comprising 10Yo of our membership. 1,211 members from BAME backgrounds. 409/0 increase in Family Zor)e attendanc8. Tracked 1,100 young people's journeys Ihrough monitored evaluation.
Impa¢t Kayden's Journey to Confidence Since joining Mahdlo in April 2022. Kayden has Iransformed from a shy attendee lo a confident leader and Mahdlo buddy. Initlally struggling lo connecl. Kayden's passion for the arts helped him build friendships and a sense of purpose. By 2023, he had become a welcoming faca in Holiday Zone, where he continues to help new members feel at ease. Leon's Incredibla 11-Ye8r Joumey Leon joined Mahdlo as a Junior Zon8 member in 2013 and has attended ov8r 1,400 times since. He took on the role of Young Leadar in 2022, where he volunleers and supports younger membèrs with his passion for arts and creativity. As Leon's journèy com8S to a close in 2024. he leave5 a legacy of positivity and m8ntor8hip for his peers and Mahdlo as a whole. The comlng year The upcoming year wlll bring excitlng developments. as we striv6 to meel th8 8valving needs of Oldham's young people and families. We will continue lo connect with our community, ansuring that Mahdlo's services remain responsive and accessiblè to all. espeGially those unable to reach our town cènter facilitiès. Raising awareness is a priority to make sure every young person knows Ihe opportunllies availablè lo Ih8m through Mahdlo. In an inGreasingly competitive funding landscape. Mahdlo is commilt8d to show¢asing ils ndispensable value to the community, while also expanding our pool of support8rs. We ar8 deeply gratefvl for our existing patrons and donors, and we aim to grow this base to ensure sustainable, wlde-reaching SUPPOrt for the future. Supportlng our 18am remains a priority, as we conlinue lo provid8 d8velopmenl and trainlng opportunities to foster a cullure of excellence. Flnanclal Revièw The statement of financlal activities (pag8 12) shows an increase In total income. from £1.33m for FY2023 10 £1.53m for FY2024. Delails of the main income sources and the variances belween th8 years can be found in notes 2 10 6 of the financial slalemants. Total expenditure (nole 71 ha5 increased to £1.68m {FY2023: £1.65MI, resultlng in a deficit for th8 year of £151 k compared with a deflcil of £316k for FY2023. The effect of the deficil on the balance sheet (page 13) is that the charity's net assets have reduced from £6.39m as at 31 March 2023 10 £6.24m as at 31 March 2024. Of that amount, £5,36m are reslricled funds and £0.88m unreslricled. Rgserves Pollcy The Board of Directors of Mahdlo has established a reserves policy, in compliance with which il will annually review both the sum il wishes to hold in res8rv8 in the unrestricted budgel and the basis for that figure. The Directors continually strive to manage the charity's finances so that an adequate level of reserves can be maintained in compliance with the r8s8rves policy. Reserves to be mainlained at a level, which ensures Ihat at least 3 month5 of the organisation's core activity, could continue durlng a period of unforeseen difficulty.
That these reserves aré readily realisable unfeslricted reserves and ar& in addition to funding Ihe fixed assets. This level of reserves has been agreed for the following reasons: To provide working capital to allow for retrospective funding and the assoclated time difference betwèen expenditure and receipt of funds. Mahdlo's income sources (particularly the Patrons programme and fundraising activiliesl are vulnerable lo changes in the economic slluation and any nolice period for loss of major donors could be r6latively short. To support new seNiCa development to enable Mahdlo to be responsive lo b8n6ficiary needs and to facilitate improvements to the operational running of the organisalion. To ensur8 that the building ¢an be kept fully functional, well 8quipp8d and in a good stal8 of rèpair and remains a major attraction and asset. To invest in staff and volunteer training and development to ensure quallty of service delivery. To enable Mahdlo to meet its d81ivery commitments wilhout interruption in times of economic hardship. To be seen as a responsrble charity by the Charity Commission, our Fundars, partners and the Community that engage with Mahdlo. To avoid the creation or retention of unnecessary surplus8s for which there is no planned requirement in line with the organisalion's charilable aims. Due to the typè of funding Mahdlo can and is likely lo access, which can take up to 6 months to secure, there is a need for a long8r-term policy lo increase reserves to an appropriate amount of working capital lo fund these lime delays. This will be achieved by.. Developing a fundlng strategy Ihal enables forward planning of income generation including targets over and abovè immediate running costs. Prioritising fundraising activities and evenls and ensuring a continual focus on fundralsing not just in times of need. Appropriate accounting, including building into budgets, accounts and reports a sum for depre¢ialion. Bullding Mahdlo's reputation as a qualty charily. worthy of support and investment. This reservès pollcy will be reviewed by the Chief Execulive and th8 Board on an annual basis. It is the intenllon to increase reseNe18vels incrementally towafd 6 months a5 Ihe organisalion's activlty grows. Investment Pollcy With having relaliv8ly low unreslricled reserves and a variable income slrgam, funds bLtIII up in advance of expenditure nèed to b8 reasonably liquid: however. some funds may b8 r81ained and invested for future use. To ensure such inveslm6nts are safeguarded.. Any dècision about investments wlll be made by the Board Ipot8ntially having 18kÈn professional advice) considering the sullability and diversification of investments, including investments in déposit accounts, lo ensure that the fallure of one investm8nt or institution does not have a major impact on Mahdlo. Inveslments will be made in line with Mahdlo's values and ethos. Inveslment performance will be regularly reviewed. Records will be maintained ol all investments held (including details of all those sold or purchased) by the charity. Accounting controls will be fully implemented lo ensure Ihat all dividends or interest paymenls due are received arKI accounted for.
Structure, Governance and Management Mahdlo (Oldham Youth Zone) is a Gharity and a company limitèd by guarantee without share capllal. MahdlD is registered under the Companies Act 1985, registration number 06946098. The company is govarned by its Memorandum and Arlicles of Associalion, dated 271h June 2009. Management of th8 company's affairs is v8Sted in the co-diredors. In the event of a winding-up. the present members and those who have ceased to be a m8mber wlthin one year of such an ev8nl have guaranteed the liabilities of the company to the sum nol exceeding one pound each. Organlsallonal Structure Mahdlo is governed by its board of Trustees which retains ovarall responsibility for Ihe slrategic direction and the policy of the organisation. The Trustees cary the ultimate responsibilily for th8 conduct of M8hdlo and for ensuring that the charity satisfies Ils18gal and contractual obligations. The Board appToves the slraleglc plan and annual Busines5 Plan and scrulinises business performance inGluding flnancial performance as well as provldlng advice lo the Chief Executive on operational matters of importance. A Chief Ex8CtJlive is appointed by the Board to manage the day-lo-day operalions. To facilitate effective operations the Chi8f Executive has delegated aulhorily as approved by Ihe Board for operational matters including finance, human resources and operational d81ivery allowing the Chief ExecutlV8 to SLtpport tha Board in developing and delivering strategy and ensuring the agread Business Plan KPI'S are mel. The s8nior manag8menl t8am has a range of qualifications and experiences including Accountancy, Youth Work, HR and Facilitles m8nagement. The Board agr88d the stwclure during annual Business Plannlng and ar8 required lo approve any substantial Changes to Ihe Senlor Team. All salaries are benchmarked by an ind8p8ndent HR specialist against other Youth Zones, Local Authority and Ihe local labour market. Th8 board agrees all pay incr8as8s as a result of cost of living during the Business Planning cycle. Any new post created 81 any level requir8s CEO, HR and Finance approval. Senior posts would be agr8ed by Ihe Trustee wilh HR portfolio prior lo près8nlatlon to Board. All posts are subl8Ct to interview and are advertised internally andlor 8Xtgrnally. Mahdlo is part of the family of youth zones èstablished by Onslde. We hav8 a network agreement wllh Onside, which allows u5 to be parl of a large. trusted youlh organisalion, whlch has the ability to lobby government and access support from larga funders. and share best practice within th8 neOrk. A representativ8 of Onside operates as a Trusteè on Ihe Mahdlo Board ensuring a strategic communications link exists belween Mahdlo and Onsidè. The Board of Tru6tees The Board comprises 11 Trustees including Ihe Chair. IndIvUal Trustees hold portfolios relevant lo their prof8ssional backgrounds and interests. These include Finance, Fundraising, HR, Safeguardlng and Facilities management. Truslees can be nominated for a fixed period. One third of tha Directors will ralire by rot81ion at each Annual General Meeting. Retiring Dir8Ctors can be reappoinled. The Trus168s meet on a bi-monthly basis. Recrultment and Appolntment of Trustees N8w trustees will be recruited according to the needs of the charity and the SLEitability of possible candidates. The unanimous approval of Èxisting Trustees would lead to Ihoir appointmenl.
The Memorandum and Articles of AssOctIon stale Ihat the number of members shall have no maximum and shall not be less than three. Full details of the rules are conlained in the Gompany's Memorandum and Articles of Association which may be inspected al the r8gistered offic8. Inductlon of Trustees Newly appolnled trustees are provided with a comprehensive induction to Mahdlo through the provision of in-hous8 training. This includes key information aboul the organisation and its d8velopment. governance and safeguarding. The Board undertakes annual strategy reviews. Individual appraisals bahNeen Trustees, the Chair and Chief ExecutNe have been implementéd to develop Board capacity. Rlsk Management The Board fully accepts its responsibilities under Ihe Charity Commission's Stalem8nl of Recornmend8d Practicè (SORP)- The Trustee5 have considered the major risks to which the charity is exposed and aré committèd to ensuring these are effectively managed. Th8 Chief Executive and senlor managers have undertaken comprehensiv8 risk assessments and 8slablished risk registers from an organisational and operalional perspectiva and have established suitable risk management and control procedures which are revlewed regularly by the Board. Key risks to the organisatlon include FinanGlal, R8pul8tional. Regulatory and Op8rational. The Rlsk Regisler is updated quarterly and reported lo Board with major risks highlighted and control measuras discussed. Comprehensive financial accounls including cash flow, I&E and the 8alanc8 sheet are reported lo Board bi-monthly. Th8 Key flnancial risks relate to fundlng shortfalls and unconlrolled expendilure. As with most charilles. developing sustainable funding streams in order to d81iver Mahdlo's obj8cIiv8s is of paramount mportance. The overall strategy Is to balance reslrict8d funding from specific projects and grants with unreslflcted funds primarlly from Patrons. Donors and fundraislng events. In the longer term, a key objeclive is to develop commercially viable income streams, which will underpin core delivery. Expenditure is 1Sghlly managed wllh operallonal managers responslble for budgats relating lo their oparalional responsibilities. Costs are monitored and managed by the CEO and the sènior management team uslng the organisatian's cenlralised staff managemanl system. Regulatory rlsk is the responsibility of the CEO, Finance manag8r and Facilities manager who managas Health and Safety and Fire and other slatulory risk areas. The Board is appointed and revi8wed within th8 context ol Charities Commission guidelines. and new regulatory judgements will be reported to Board as required. The key op8ralion81 risks are managed through operational risk planning with a claar hierarchy of responsibility. Spacific procedures exisl to manage Safeguarding and Health and Safety. Trustees, Responslbllllies The charity's Trustees are responsible for preparing th8 Annual Report and financial statements in accordanc8 wilh applicable law and Ihe United Kingdom Generally Accepled Accounting Praclice. Company law requires the charity's Trustees lo prepare financial statements for each financial year that give a true and fair view of the stale of the charity's incoming resources and applications of resources during the year and of its stale of affairs al the end of the year. In preparing those financial slalemenls, the trustees are required to= Select suitable accounting policies and apply them con51Stently; Observe the methods and principl8s in Ihe Charities SORP- Make judgements and estimates Ihal are reasonable and prudent..
stale whethér applicable accounling standards and slatemenls of recommended practice have been followed, subjoct to any departures disclosed and explained in the financi81 slalements; and Prepare the financial statements on the going concern basis unless il is inappropriate to assumo the charity will continue in operation. The Trustees are responsible for keeping proper accounting records that disclose with reasonabl8 a¢curacy at any time the financial posltion of the charilable company and enables them to en5L¢re thal the financial slalements compty wilh the Companies Act 2006. The Truslees are also responsible for safeguardin9 the assets of the charitable cornpany and henc8 for taking reasonable steps for the prevention and d8tection of fraud and olher irregularilies. Stalement as to dlsclosure to our audltors In so far as th8 trustees ar8 aware al the time of approving this report.. There is no relevant information. being information ne8d8d by the auditor in conneclion wllh preparing thoir report. of which the audilor is unawarè, and The truslees, having made enquiries of fellow directors and Iha audltor that they oughl to have individually taken, have each taken all steps that h8lshe is obliged lo lake, as a director in order to make themselves aware of any relevant audit information and to establish that Ihe auditors is aware of Ihal information. Compliance wllh a¢countlng standards The Trustees confirm that the financlal statements comply wilh current slatulory requir8menls, the requirements of the Company's Memorandum and Articles of Association and the requirements of the Charltles SORP IFRS102). This report has been prepared In accordan¢8 wilh the Statement of Recommended Pracllce Accounting and reporting by Charities and in accordance wilh the spècial provisions of Part Vll of the Companies Acl 2006 relating lo small companies. This report was approved by the Board of Directors on the board by: and signed on behalf of Chris Wareing Chair of the Board
Mahdlo (Oldham Youth Zone) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF MAHDLO IOLDHAM YOUTH ZONE O Inlon We have audiled the financial slalemenls ol Mahdlo Ioldhatn Youlh Zone) for the ye8r ended 31 March 2024 which comprise the Slalement of Financial Aclivilies, the Balance Sheel. the Slalemenl of Cash Flows and nole5 to the financial slalemenls, including a summary ol significant accounling policies. The linancial reporting framework that ha5 been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 'The Financial Reporting Standard applicable in the UK and Republic ol Ireland. {Unlled Kingdom Geneially Accepted Accounting Praclicel. In our opinion the financial stalom8nts-. give a true and fair view of the slale ol the charitsble companls aftairs as al 31 March 2024 and of its incoming resources and application of resource5 for the year Ihen ended., have been property prepared in a¢¢ordan¢e wilh United Kfftgdom Generally Accepled Accounling Pr8clice'. and have been pr8par6d in accordance with the requlremenls of the Companies Act 2006. Basls for o inlon We conducted our audit in accordance with International Slandards on Audiling IUKI {ISAs IUKII and applicable law. Our responsibilities under thos8 51andaids are further descnbed in th8 Audilorfs responsibilities for the #udil ol the Ilnanclal slalemenls section ol our report. We are independenl of Ihe charilable company in accoidance with the ethical requirement$ Ihal Èrè r8lèvanl lo our audit ol Ihe financial slalemenls in th8 UK, including Ihe FRC'S Ethical Standard, and we have lullilled our olher elhi¢al responsibilities in accofdance with these requir8m8nls. We believe that the audit evldenc8 we have obtained is sufficient and approprlalo lo providè a basis for our oplnlon, Concluslon8 relatln to oln oncoin In auditing the financial slalemenls, we have concluded that the Iru5tee's use ol the going concern basis of accOn11n In the preparation ol the linancial slalomenls 1$ 8ppropriale. Based on the work w8 hav8 parformed, we have nol idenlilied any material uncertainli95 relallng lo events or condlllons that. individLtally OT collectively, may cast significant doubl on the charilable company's ability lo continue as a golng concern for a perlod of al least hvelve months from when the financial 3talemen15 are aulhorised for issue. Oui responsibilities and Ihe responsSbllilles of Ihe direclors with respect lo going concern are described in th8 relevanl 8ecllons ol this report. Olhor Inf rm The other Inlormalion comprises the informalton in tho anr¢ual feporl. olher than the financial $18lemenls and oui audllor's report Ihereon. The Iruslees are responsible lor the olher inlormalion. Our opinion on the finanGial 51818menls does not cover the other Information and. excepl lo the exlenl olhefwise explicitly slated in our report, w do not express any form of assurance conclusion Ihereon. In conngclton wilh our audit of the financial slalernants. our responsibility is lo read Ihg other informalion and, in doing so, consider whelher the other Inlormalion Is materially inconsi51enl with the financial statements oi our knowledge oblalngd in the audit or olh8rwise appears lo be m6lerlally misslaled. If we identify such material inconsi91encies or apparent misslalemenls, we afe required io delefmine whether there is a m8leri81 mis$lalemènl In Ihe financial stalements or a malefial mi98lalem8nl of the other information. 11, based on the work we have performed, we conclude Ihal Iheré is a maleiial misslalemenl of Ihl$ olher information. we are required lo report that lacl. We have nothin9 to repori in Ihis regard. O Inlons on other matter rescrlbed b the Com anles Act 2006. In our opinion, based on the Wofk undertaken the course ol the 8udit-. the information gÉven in the Iruslees, feport, which includes Ihe directors, report prepared for the purposes of company law, for the linan¢ial year for which the finan¢ial stalemenls ate prepared is con$islenl wilh the financial slalements., and the directors, report included within the Iruslees, report has been prepared in accorda with applicable legal requifemenls.
Mahdlo Ioldham Youth Zone) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF MAHDLO (OLDHAM YOUTH ZONE) Icontlnuedl Matters on which we are re uired to re ortb exc8 tion In the lighl of the knowledge and underslanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misslalement5 in the directors, report included within the Iruslees, report. We have nothing to reporl in respect of the following matters in relation to which the Companies Act 2006 requires us to report lo you if. in our opinion: adequate aGcounting records have not been kept, or return5 adequate for our audit have not been received from branches not visited by us; or the financial staternenls ar8 not in agreemenl with the accounting records and returns- or certain disclosures of trustees, remuneration specified by law are not made., or we havg not received all the information and explanations we require for our audit,. or the trustees were not entitled lo prepare the financial statements in accordance with the small companies regime and take advantage of the small companies exemption in preparing the trustees, report and take advantage of the small Gompanies exemption from the requirement to prepare a strategic report. Re8 onslbllities of trustees As explained more lully in the Trustees, Responsibilities Slal8ment sel out on page 7, the Iruslees (who are 81so the directors of the charitable company for the purposes of company law) are responsible for the PparatiOn of the financial slalemenls and for being satisfied that they give a true and fair view, and for such internal control as the Iruslees determine is necessary to enabl8 the preparation of financial stalemenls that are free from material misstatement, whether due lo fraud or error. In pr8paring the financial statements. the trustees ar8 responsible for assessing the charitable company's ability lo continue as a going concern, disclosing. a5 applicable, matters relating to going concern and using the going concern basis of accounting unles5 the trustees either intend to liquidate the charitable company or lo cease operations. or have no realistic alternative bul to do so. Audltor'$ res onslbllltles for the audit of Ihe financial statements Our objectives are lo obtain reasonable assurance aboul whether the financial slalemenls as a who18 are free from material misstatement, whether due to fraud or erfor. and lo issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance. bul is not a guarantee that an audit conducted in accordance with ISAS (UK) will always deleGI a material rnisslalemenl when il exi5t5. Misslatemenls can arise from fraud or error and are Gonsidered malerial if, individually or in the aggregate. they could reasonably be expacled lo influence the economic decisions of users taken on Ihe basis of these financial slalements. Irregularities, including fraud, are instances of nonvcompliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detecl malerial misslalemenls in respecl of irregularities, including fraud. The extent lo which Ouf procedures are capable of detecling irregularilies.including fraud is detailed below.. 10
Mahdlo (Oldham Youth Zone) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF MAHDLO {OLDHAM YOUTH ZONE) (continued) Based on our understanding of the charitable company, we identified that the principal risks of non-compliance related to those laws and regulations that have a direct impact on the financial st8tements such as the Companies Act 2006 and the Charities SORP (FRS 102). We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including thg risk of override of controls), and determined that the principal risks were related to posting inappropriate journal entries to manipulate financial results and management bias in accounting estimates. Appropriate audit procedures were performed to address those risks including testing journal entries and challenging assumptions and judgements made by managemenl in their significant accounting estimates. There are inherent limitations in the audit procedures described above and the furthar removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of il. Also, the risk of not delecling a material misslatemenl due to fraLtd is higher than the risk of not detecting one resulting from error. as ffaud may involve d8liberale concealment by. for example, forgery or intentional misrepresentations, or through collusion. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at W.frc.Org.uk1audIt0rsreSponSlbiIitles. This description forms part of our auditor's report. Use of our re ort This report is made solely to the charitable companvs members. as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might stale to the charitable ompany's members those matters we are required lo slate to them in an auditors, report and for no other purpose. To the fulle51 exlent permitted by law, we do not accept or assume responsibility lo anyone other than the charitable company and the charitable company's m8mbers as a body, for our audit work, for this report, or for the opinions we have formed. Dominlc Huxley Isenlor statutory auditor) For and on behalf of BK Plus Audlt Limited Chartered Certified Accountants and statulory Auditor Sterling House 501 Middleton Road Chadderton Oldham OL9 9LY Dale ',
Mahdlo (Oldham Youth Zone) STATEMENT OF FINANCIAL ACTIVITIES (including Incomè and expenditur8 account) . YEAR ENDED 31 MARCH 2024 2024 Unrestrtcted Restricted Funds Funds 2023 Unréstrlctèd Reslrlcted Funds Funds Note Total Total INCOME Donations and legacies 608,437 608,437 510.922 510,922 Charitable aclivilies.. Delivery income 209.663 488,440 898.103 193,340 389,884 583,224 Other tr8ding aGlivilies.' Fundiaising events 214,577 214.577 229,035 229,035 Inveslment income 8,859 8.859 3.139 3,139 Other income Total In¢omlng re80ufe•s 2,938 939.374 2,938 389,884 1,329.258 1,041.536 488,440 1,529.976 EXPENDITURE Raising lunds 97.770 97,770 99,950 99,950 Charitable aclivilies.. Youth prolecls and acllvilies Governance 934.585 29,S67 618.613 1.553.198 29,567 988,461 26,466 530,565 1,519,026 26,466 Total expendlture 1,061,922 618,613 1,680,535 1.114,877 530,565 1.645,442 Net loutgolngl Incomlng r4sour¢o1 before oth•r recognlsed galns and Ios$oS (20.3B6) 1130.173) (150,559) (175,503) (140,6811 1316,184) Other rocognlsed galn8 and los$•* Net mov•ment in funds 20,386 1130,173 150.559 (175,5031 140,681 (316,184) Reconclllallon offunds Tol81 funds broughl fOard 896,469 5,496.117 6.392.586 1,071,972 5,636.798 6,708.770 Total fund$ carflod forward 19 876,083 S.365,944 6,242,027 896,469 5,496,117 6,392,586 All In¢omlng resources and resources expefided ara derived Irom eoThtirthi9 aGts"wtlFs. Th8 aGCQtnpanylng net88 are an integral pbrt ol Ihl$ 8lalem8nl of ffinancial acliviltOS. 12
Mahdlo {Oldham Youth Zone) BALANCE SHEET AS AT 31 MARCH 2024 Note 2024 2023 FIXED ASSETS Tangible assets 12 5,417,266 5,538,270 Total flxed assets 5,417,266 5,538,270 CURRENT ASSETS stock 13 1.000 1.000 Debtors 14 566,760 564,424 Cash at bank and in hand 15 657,478 582,253 Total current assets 1.225,238 1,147,677 LIABILITIES: Creditors falling due within one year 16 400,477 293,361 Net current assets 824,761 854,316 Net assets 20 6,242,027 6,392,586 THE FUNDS OF THE CHARITY Restricted incom8 funds 19 5,365,944 5,496,117 Unrestricted funds 19 876,083 896,469 Total charity funds 19 6,242,027 6,392,586 These accounts have been prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small companies and conslilule the annual accounts required by the Companies Act 2006 and are for circulation to members of the company. The accounts were approved by the board on . and signed on it5 behalf by TrusteelDirector Chrls Warelng Reglstratlon number 06946090 The accompanylng notes ar9 an inl8gral part of Ihls balance she81. 13
Mahdlo (Oldham Youth Zone) STATEMENT OF CASH FLOWS YEAR ENDED 31 MARCH 2024 Not8 2024 2023 Cash used in operatlng actlvities 24 97,168 93,912 Cash flows from investing activities Interast income 8.859 3,139 PurGhase of tangible fixed assets (30,802) (4,990) Sale of tangible fixed assets Cash provlded by (used In) Investing activities 21.943 1,851 Increaselldecrease) in cash and cash equivalents in the year 75.225 (95,763) Cash and cash equivalents al the beginning of the year 582,253 678,016 Total cash and cash equivalents al tho end of the year 657.478 582,253 14
Mahdlo (Oldham Youth Zone) NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 1 Accountln ollcies The principal accounting polici8s adopted, Judgemenls and key sources of eslimalion uncertainty in the pr8paration of the linancial slalements are as follows- a) Basis of proparation The financial statements have been prepared in accordance wllh Accounling and Reporting by charilie5- Stalemenl of Recommended Practice applicable lo charllies preparing their accounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 leffeclive 1 January 20151- (Charities SORP (FRS 10211, Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 and the Companies Act 2006. Mahdlo Ioldham Youth Zone) meets the d8finilion of a public benefil entity undor FRS 102. Assels and liabilities are initially recognised al historic cosl or IransaclK*n value unless olh8rwi5e slated in th9 relevant accounting pollcy nole(s). bl Company status The charlty is a company Ilmiled by guarantee. The membgrs of the company are drawn from throughout Oldham's civic, bu51ness, educalion and training. and voluntary 58clor communllles. In the event of the chaiity being wound up. the Ilability in respect of Ihe guarantee is limited to £1 per member of the charity. The charity was incorporalod in England and Ihe address of 115 r8gi51ered office is Egerton sIet, Oldham. OL1 3SE. c) Income recognition policie• Items ol income are recognised and included in the accounts when the charity is legally enlilled lo the income, any performance conditions attached lo th8 Itemlsl of income have been mel or are fully within the control of the charity, there is sufficienl certainty Ihal receipt of the income is considered probable and the amounl can be measured reliably. The followlng speclflc pollcies apply lo categories of income: Grant8 for core funding, which do not impose perfom)ance relaled condllions, are recognised when received. Grants towards specif Pfojecl costs aro reco9nised based on tho perlormance mod81. as the project is delIVed. Income relating lo conlfacts is deferred where the services have only been partially performed al the year end. Inveslm6nl income is recognised on a r8ceivable basis. dl Donated services and facllltles Donated services or facilities are recognised when Ihe charity has control over the item, any conditions associated with the donated item have been mel, the receipl of Ihe economic benefit from the use by the chafily of the item is probable and that economic benefit can be measured reliably. On receipt, donated services and facilities are recognised on the basi5 of the value ol the gift lo the charity which is the amount the charity would have been willing lo pay lo obtain services or facilities of equivalent economic benefit on the open market,. a corresponding amount is then recognised Sn expendilure in the perlod of receipt. e} Ponaions The charity operates a defined contribution pension sehern. The annual contribulions payable are charged lo the SOFA in the year lo which they late. The assels of tho scheme afe hgld ind8pend8nlly from those of the Charity- 15
Mahdlo (Oldham Youth Zone) NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 1 Accountln olicies continued fi Resgurces expended Expenditure is recognised onc8 there is a legal or constructive obligation to make a payment lo a third party. it is probable that settlemenl will be required and Ihe amount of the obligation can be measured feliably. Expenditure is classified under headings Ihal aggrega18 all costs r8lated lo the category. Where costs cannot be difeclly allributad to P8rtlcular headings they have been allocaled lo activities on a basis coftsislenl with use of the resources.Costs relating lo a particular activity are allocated directly, others are apportioned on an appropriate basis (eg. number of employees or eslimatad usage). Expendllure is classified under th8 following activity headings: Costs of raising funds are those costs Incurred in trading a¢livilies Ihat raise funds. Charitable exp8ndilure comprises those costs incurred by the charity in Ihe delivery of ils activities and services. and include both the dire¢1 costs and support costs relatlng lo these activities. Governance costs, which are includ8d within charitable aclivllies. include those costs associated with meeting th8 conslilulional and stalulory requirements of the charity and include the audit fees and costs linked lo the strategic management of the Gharity. g} Irr8covèrable VAT All resources expended are classified under activity headings Ihat aggregate all costs related to the category. Irrecoverable VAT is charged against the category of resources expended for whlch it was incurred. h} Operatlng18a*•# Ren121s applicablè lo operating leases are charged to the SOFA over the period in which the cost is incurred. 11 Tanglble flxed assets and depreclatlon Individual fixed assets costing £500 or more are capilalls8d at cost and depreciated over their useful economic lives as follows- Long leasehold property Property building works Club equlpment Office and electrical equipment Furniture and fillings Motor vehicles 2tl/tr Straight line 10ts1. Slraighl line 33.3D/. Slraighl line 33.30/0 Slraight line 33.3Y. Straight line 25Yo Slfaight line J) Fund accountlng Unreslricled funds comprlse accumulated surpluses and deficit5 on general funds that are avallable for use al the discretion of the Irusteesldireclors in furlherance of the general objeclives of the Charlty and Ihal have not been designated for other purposes. Restricted funds are funds sub5ect lo restrictions imposed by the donor or by tho specific terms of the appeal under which the funds are raised. Designated funds comprise unreslricled funds thal have been pul aside at the discretion of the Irusleesldirectors for particular purposes. 16
Mahdlo (Oldham Youth Zone) NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 1 Accountin ollcles contlnued k) Taxatlon The company is a registered charity and as such is entitled to the exemption from tax to the 8xlent that the income received falls within section 505 ICTA 1988 and section 256 CGTA 1992 and is applied to charitable purposes only. l) Hollday pay The holiday year end does not coincidé with the financial year end and consequently, provision is made in the accounts for holKtays accrued but not taken as at the end of the financial year. m) Debtors Trade and other debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid net of any discounts due. n) Cash at bank and In hand Cash at bank and in hand includas cash and short term hhlY liquid investments with a short maturlty of three months or less from the date of acquisition or opening of the deposit or similar account. o) Credltors and provlslons Creditors and provisions are recognised where the charity has a Pfesent obligation resulting from a past event that will probably result in Ihe transfer of funds to a third paty and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. p) Assessment of golng concern The trustees consider that therè are no malerial uncortaintles about the chariws ability to continue as a going concern and the accounts have been drawn up on the going concern basis which assumes that the charity will continue in operation for the forseeable futur8. q) Flnanclal Instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financi81 instruments are initially recognised at transaction value and subsequently measured at their s6lt16ment value with the exception of bank loans which are subsequently measured at amortised cost using the effecttve interest method. 17
Mahdlo (Oldham Youth Zone) NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 Unr•strlct•d Restrictèd Total 2024 Total 2023 2024 2024 2 Income from donations and le acies Patrons programme and donations Gift Aid recoverable BP funding Onside Local authority grants 229,020 11,917 67,500 300.000 229,020 11,917 67,500 300,000 187,042 23.880 300,000 608,437 608,437 510,922 3 Income from charitable activlties Déllvory income.. Performance relat8d grants (project funding) Servic8 lavel agreemenls Café and refreshments Facility hire Membership, fees and sale of goods 12,935 43.597 38,721 83.112 31.298 488,440 501,375 43,597 38,721 83,112 31,298 404,065 32,184 37,204 74,453 35.318 209,663 488.440 698,103 583,224 4 Income from other tradin activities Fundraising events 214,577 214,577 229,035 214.577 214,577 229,035 S Investment income Bank deposit interest 8,859 8,859 3,139 8,859 8,859 3,139 6 Other income Staff secondment Other income 2,938 2,938 18
Mahdlo (Oldharn Youth Zone) NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 7 Ex enditure Charitable activilies Raisin funds Total 2024 Total 2023 Costs dlrectly allocated to activities Staff costs Recruitment and employee costs Rent and property costs stationery and administr8tion Prinling, promotions, advertising and publicity Telephone, data communication and computer Depreciation Project delivery costs Calering Bad debts Fundraising 69,158 821,455 11,610 179,782 20,927 1,696 27,537 136,625 143,173 35.793 (210) 890,613 11,610 179,782 20,927 7,826 27,537 136,625 143,173 35,793 (210) 22,482 835,786 11,652 220,387 21,034 3,862 33,431 162,338 131,025 29,535 170 38,584 6,130 22,482 97,770 1,378,388 1,476,158 1,487,804 Support costs staff costs Recruilmenl and employee costs Rent and propety costs Stationery and administration Telephone, data commursicalion and computer Professional services Audit Depreciation Bank charges 88,738 20,087 2,902 19,976 2,325 9,179 34,931 108,825 2,902 19,976 2,325 9,179 34,931 9,480 15,181 1,578 73,069 2,913 24,487 2,337 11,144 12,437 9,560 18.038 3,653 9,480 15.181 1.578 174,810 29,567 204,377 157,638 Total expondlture 97,770 1,553.198 29,567 1,680,535 1,645,442 Support costs have been apporlioned using numbers of people per area of activity, or on a basis which is considered consistent with the use of the resources. 19
Mahdlo (Oldham Youth Zone) NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 Total 2024 Total 2023 8 Staff costs Total staff emolumÉnls for the year were as follows: Salaries Nallonal Insurance Pension 919,225 54.618 25,595 828.381 58,321 22,153 999.438 908,855 9 Staff numbers The averag8 monthly head counl was 87 slaff (2023.. 641 and the average monthly number of lull-time equivalent èmployees during the year were as follows.. 2024 2023 rnber Charitable activllles Generaling fsjnds Administration and support Governance 28 29 33 35 No trustees were paid or reimbursed expens8s during the year. The Company consld8rs ils key management personnel to comprise the trustees and the Chief executive officer. The lotal employment benefits ex¢luding employer pension contributions of the key management personnel were £43,31712023: £52,991). No employee earned £60,000 per annum or more (2023: rM)ne) 10 Net movement In funds Total 2024 Total 2023 Nel movemenl in funds is arrived al after charging Ilcredillng): Depreciation of tangible fixed assels - reslricled unreslricled 131.973 19,833 140.681 39,695 Auditors remun8ralion'. Audit of the financial slalemenls Operating lease rentals - Office equipment 9,480 3,825 9,560 5,308 11 Taxation The company is a registered charily and no provision for taxatlon Is considered necessary. 20
Mahdlo (Oldham Y¢uth Zone) NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 12 Tan ible fixod as$?t$ Long 108s?hold proporty L?asehold lrnprov¢- ments Office & Club EqulpmBnt Furnlluro & fltlings Motor vehiclès Equipmènt Total C05t At 1 April 2023 Addilians Disposals Al 31 March 2024 6,241,174 76.831 12.859 120.225 13.258 81.884 37.187 15.885 6,573,186 30,802 6,2d1,174 89.690 133.483 86,569 37,187 15,885 6.603,988 Do roclatio Al 1 April 2023 Charge fof Ihé period Dlsposals Al 31 March 2024 763.813 124.824 42.215 6,063 114.662 5.045 72.452 6,852 31,847 5,051 9.927 3,971 1,034,916 151.806 888,637 48,278 119.707 79.304 36,898 13,898 1,186.722 k V•lu• Al 31 March 2024 5.352,537 41,412 13.776 7.265 289 1,987 5,417,266 Al 31 March 2023 5.477,361 34.616 5,563 9,432 5,340 5,958 5.538.270 2024 2023 13 Stock Cafa artd kilch•n stock 1,000 1,000 21
Mahdlo (Oldham Youth Zone) NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 2024 2023 14 Debtors Trade debtors Other d8btors Prepayments Accfued inGome 112,734 425,400 27,151 1.475 98,088 425,400 40,936 566,760 564.424 Other debtor3 includes £425,400 held by The Mahdlo Endowment Trust. a separate charity, whose objects are lo support the charitab18 work of Mahdlo (Oldham Youth Zone). Those monie8 can be requested back from the tru51 as and wh&n required at short notice. 15 Cash at bank and in hand Cash al bank Cash in hand 657.410 68 581,643 610 657,478 582.253 16 Credltors amounts falltn due wlthln one Trade creditors Other Credllors Accruals Deferred income 131,840 5,842 77,893 184,902 80,008 5,671 74,951 132,731 400,477 293,361 Movements on deferT8d income account: Brought forward R8lea5ed Income deferred in current year 132.731 1132,731) 184,902 184,902 171,003 (171,003) 132,731 132.731 170 eratin lease commltments 2024 2023 The total future minimum lease payments under non-cancellabl8 operating leases are as follows.. Office equipment leases which expir8= within one year bekneen and five years in over five years 10,548 13.424 10.548 13,424 18 Share ca The compar)y has no share capital, and Ihe liability of members is limited by guarantee lo £1 per member. ital 22
Mahdlo (Oldham Youth Zone) NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 19 Anal sis ol Charltable funds Analysls of fund movements: At 1 Aprll 2023 At 31 PdFarch 2024 Incornlng résourcés Rèsources axpondèd Galns (losses) Unrestricted funds.. General fund 896,469 1.041,536 1,061,922 876.083 Restrlcted fund5.' Acquisition of propety at Egerton Street, Oldham 3,527,711 (83,9931 3,443.718 Exlension to property at Egerton Street, Oldham 1.944,837 140.7301 1,904,107 Olher fixed as881 pur¢hases 21.914 1,800 (8,146) 17,568 Fundraising event for purchase of new vehicle 1.655 11.1041 551 Grants for projecl delivery 476.866 {476,8661 Others 9.774 {9,774) Tol81 restricted funds 5,496,117 488.440 618,613 5,365,944 Total funds 6,392,586 1,529.976 11,680.535) 6,242,027 20 Anal $18 of net a$8els betwaon funds Gen•ial Funds Daslgnatod Funds Restrl¢tad Funds Total Funds Tangible fixed assels Current assets Current liabililles Net assets 31 March 2024 51.322 1,091,553 266,792 876,083 5,365.944 133,685 133,685 5.365.944 5,417,266 1,225,238 400,477 6.242,027 21 Contln ent Ilabllltles There is a conllngenl liability in conneclion with a grant relating lo the charity's long leasehold property whereby if, during a period of 20 years ffom the date of the grant offer letter dated 26 February 2009, the charity shall be in breach of any ol the grant condilions, the grant sh811 be repayable upon receipt of a written demand from The Secretary of Stale for Education. The amount of the grant was £4,994,577 and The Secretary of Stale for Education holds a legal charge over the charity's long leasehold property in respect of this potential liability- 23
Mahdlo (Oldham Youth Zone) NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 22 Penslon fund The company operates a defined conlribulion pension scheme to whlch there is no commitment, thè assets of which are held in a separately administered fund. Conlribulions lo the pension scheme during the year amounted to £25,595 (2023.. £22,153). 23 Ralated transactions During the year the charlty received the following income from r8laled parties without condilions.. Charllable Other tradlng activitles actlvltl85 Facility hirè and other Donatlons Patrons programme & donattons Fundraisin Total North Ainley Mr J Ainlèy (Trustee) Mr J Lloyd (Trusleel Mr T Flanagan (Trustee) The Barker Foundation 8edspace Resource Ltd 2.590 40 427 250 3,267 40 365 2,221 25,000 3,780 365 2,221 25.000 3,780 27,630 427 6,616 34,673 Also during th8 year the charity purchased goods and services from the following related partles: £16,268 PSO Trading Ltd Al 31 March 2024 the following unsecured amounts were owed by related parties: 88dspace Resource Ltd The Mahdlo Endowm8nl Trust £3.330 £425.400 £428.730 Al 31 March 2024 Ihe following unsecurèd amounts were owed lo relaled partl8S: £6.973 PSO Trading Ltd Mrs J Barker. a trusleeldirector of the charlty. is a Iruslee of The Barker Foundation. Mr J Ainley, a Irusteeldirector of Ihe charity. is 8 partner in North Ainley Solicitors. Mr P Axon. a trusleeldirector of the charity is a director of PSO Trading Ltd. Mr C Wareing is a Irusteeldifeclor of the charity and a director of Bedspace Resourcs Ltd. The Mahdlo Endowment Trust is a separate charity. whose objects are to support the charitable work of Mahdlo (Oldham Youth Zone). Mr J Ainley and Mrs J M Barker, trus18es of Mahdlo (Oldham Youth Zone), aro also trustees of The Mahdlo Endowment Trust. 24
Mahdlo Ioldham Youth Zone) NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 24 Reconciliation of net move ent in funds to net cash flow from o oratin activitles 2024 2023 Nel movement in funds Add back depreciation charge Oeduct interest income shown in investing activities Decreasellincrease) in stock Decreasel{increasel in debtors Increaselldecreasel in creditors (150.559) 151.806 {8,B59) 1316.184) 180,376 (3,139) (1,000) 14.848 31.187 93.912 (2,336) 107,116 97,168 25
Mahdlo (Oldham Youth Zonè} The followlng pages do not lorm part ol thè statutory ac¢ount$. 26
Mahdlo {Oldham Youth Zone) For informatn only- r¥)1 part of slaluiory accounts DETAILED INCOME AND EXPENDITURE ACCOUNT: YEAR ENDED 31 MARCH 2024 018 2024 2023 DONATIONS AND LEGACIES 608.437 510,922 INCOME FROM CHARITABLE ACTIVITIES 698,103 583.224 INCOME FROM OTHER TRADING ACTIVITIES 214,577 229.035 INVESTMENT INCOME 8.859 3,139 OTHER INCOME 2,938 1.529,976 1,329.258 LESS EXPENDITURE . Staffing costs Salaries,Nl and Pension Conlributions Freelance workers 999.438 908,855 999.438 908,855 Premlses costs Ulllilles Wa8te management Secuflly Repairs, malnlenance and malerlals Cleaning InsLtrances Fixed assels depreciation 81,332 3,612 3.564 40.494 49.206 21.550 151.806 351,564 119,509 3,389 4.442 52,636 44,841 20,058 180,376 425,251 Management costs Telephone Compulor costs Professional fees Bank charges Bad debls Llconces and partnerlng arrangements Staff recruilmenl, uniforms, travel and training Marketing and COMMUnallOnS Adminislralion Patron programmelgeneral evgnls Income generation events Fundralsing 10,235 26.481 44,411 1,578 12101 27,481 8,729 35,846 21,997 3.653 170 28,310 Ji 14,512 2,423 23,252 5,403 21.750 732 178.048 14,565 681 23,370 3,181 36,296 2,288 179,086 Dellvery cost$ Weèkly programme consumables Celebration and promotion events Volunteer expenses Projecl delivery costs Off sile activity costs Catering and retail supplies 25.683 13.588 220 74.633 1,568 35,793 151.485 28,031 136 376 71,647 2.525 29,535 132,250 TOTAL EXPENDITURE 1.680,535 1,645,442 SURPLUS INCOME OVER EXPENDITURE 150,5591 1316.1841 27