Cheetham Hill Advice Centre Cheetham Hill Advice Centre Annual Report 2024-25 ## **Contents** Introduction and Chair’s Report ................................................................................................................... **3** Advice Service ........................................................................................................................................................... **4** Outcomes .................................................................................................................................................................... **5** Strategic Impact ...................................................................................................................................................... **6** Volunteers ..................................................................................................................................................................... **6** Targeted work ........................................................................................................................................................... **7** Environmental Focus ............................................................................................................................................ **7** Partners, funders and support ....................................................................................................................... **8** ## **Strategic model** ## **Influence at a strategic and citywide level** ## **Develop community capacity through local leadership** **Increase community resilience via community training and events** ## **Introduction and Chair’s Report** This annual report covers the period of 1 April 2024 to 31 March 2025. This has been a complex year for our community who have seen their financial resilience depleted by both the Covid pandemic and then the cost-of-living crisis. Our team of paid staff and volunteers have worked incredibly hard to help the people who came to our door and have managed to respond to the immediate emergencies and crises people present with as well as achieving measurable improvements in people’s longer-term stability. We were proud to receive accreditation as a Real Living Wage employer this year. We have also built on last year’s zero carbon efforts and developed a full Environmental and Energy Policy to further guide our work in this area. We have extended our policy engagement as an important way to advocate for our community at a strategic level. This has included in Making Manchester Fairer, neighbourhood work in addressing health inequalities in the Black community and involvement in convening a local anti-poverty community. We are grateful for all the local partners and official agencies who both support and facilitate this involvement. ## **Key Achievements** We continue to be part of the successful partnership commissioned to deliver the citywide advice contract. This work is delivered in partnership with Citizens Advice Manchester and Shelter with a new contract beginning in October 2024. This partnership allows all involved to bring their strengths and specialism to work together to improve the lives of people in Manchester. ## **Our thanks** We are grateful to all of our funders, our partners, our staff team, our volunteers and our trustees. We remain eternally grateful to the people in Cheetham Hill and across Manchester who trust us with their problems and support us. We have expanded our outreach work in response to requests from the community and local partner agencies. We have attended events for carers of disabled children, retired people, families struggling to meet basic living costs, people with long-term health conditions and events with the aim of reducing environmental impact and improving people’s financial resilience. ## **Sarah Sedge,** Chair of Cheetham Hill Advice Centre ## **Improve stability and wellbeing for individuals by providing advice** **2** **3** **Cheetham Hill Advice Centre** Annual Report **Cheetham Hill Advice Centre** Annual Report ## **Advice Service** We helped with 2,190 welfare benefit issues and helped to increase and maintain over £3.5 million worth of welfare benefits (£3,508,525 in total). We helped with 827 debt cases and had £102,717 in debt written off for people. We dealt with 282 housing issues and also helped people claim £40,301 in charitable grants. We additionally helped with education, employment and health and social care issues. Over the past year we helped 1,435 people with 4,051 issues. This is an increase of 23% in advice provision compared to the previous year with many people struggling to make ends meet during the cost-of-living crisis. 41% of all the people helped are Disabled and one in five of all cases being linked to disability and long-term health conditions (20%). **----- Start of picture text -----**
Key Statistics
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From Black, Asian
or other racialised 80%
communities
Lives in North
76%
Manchester
Disabled 41%
Female 49%
Male 50%
Non-binary/
1%
Other gender
0 20 40 60 80 100
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Ethnic origin
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0 20 40 60 80 100
Asian 45% Black 15% White 12% Arab 10%
Chinese 1% Mixed 2% Other 4% Not known 11%
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£3,663,147
income has been
increased or protected
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## **Outcomes** We helped 1,435 people in the year with many people coming to CHAC for help due to inflationary increases on the costs on food, energy and housing. Our advice increased people’s income to help ensure they can meet their essential payments and also lessens worry and stress. We helped 182 people to access appropriate housing as well as helping 56 people to access discretionary housing payments that keep a family in their home, preventing homelessness from occurring. I was so stressed when I got the bills and did not know what to do. My late husband was dealing with all the household bills before he passed away recently. I am glad I came to the advice centre. Special thanks to the advisor who helped me to work out my budgeting and negotiated an affordable payment plan. I am now feeling more positive about my life. We know that increasing people’s financial situation and housing stability are the first steps in helping lift people out of poverty. We work in a way that increases people’s confidence to resolve their problems in the future, improving their knowledge and increasing skills to prevent problems from occurring again. **----- Start of picture text -----**
Client
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Outcomes
604 872 99%
felt increased found the
empowered in their service helpful
to act understanding
93% 89% 82%
feel more are less are sleeping
able to cope stressed better
187 254 91
with housing charitable registered with
outcomes grant awards utilities Priority
Services Register
% calculated from all completed evaluation forms in the year (249)
Cheetham Hill Advice Centre Annual Report 5
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**4** **Cheetham Hill Advice Centre** Annual Report ## **Strategic Impact** Cheetham Hill Advice Centre is part of a number of key partnerships and strategic groups which extend the impact of the work of the charity and advocate for the community on a citywide level. These include addressing health inequalities, anti-poverty initiatives, codelivering Manchester Advice Forum, supporting growth and diversity in service provision in North Manchester, increasing resilience and involving the voices of people who are experts by experience. A diagram summarising CHAC’s wider strategic impact is below. **----- Start of picture text -----**
Making
Experts by Work Citywide
Manchester
experience and skills Advice Service
Fairer
Health
North Cheetham
On-line Inequalities
Manchester Cultural Anti-poverty
safety in the Black
Together Festival
community
Cheetham
and Crumpsall Advice Hope for Our
Anti-Poverty Forum Cheetham Manchester
Community
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## **Volunteers** I came to CHAC to fill up some of my time and get out of the house after Covid. CHAC was the nearest place and I am able to walk here each week. I have always been interested in doing something like this and have enjoyed it. It is only half a day a week and I quite look forward to it – you never know what is going to happen! I have gained a wider knowledge of what is available for people help wise and it has opened my eyes to how people cope with so little. We are so grateful to the amazing volunteers who gave up their time to help deliver our services in the last year. We were helped by 32 volunteers who between them delivered 962 hours of time with us at CHAC. Volunteers provided advice, ran our reception desk, gave out information, helped people with on-line processes and spent time with people who struggled to complete forms or make official phone calls without that assistance. There is the additional value of volunteers helping people in multiple languages, providing support and ensuring more people are helped face-to-face. ## **Sana** CHAC Volunteer ## **Targeted Work** ## **Targeted approach** We were fortunate this year to be funded to deliver targeted work for some of Manchester’s most vulnerable residents. We delivered work around health inequalities, work to address the costof-living crisis and work to help older people and families that are struggling financially. This work has sat alongside our central advice offer and meant that we could provide bespoke help and bring our services to more areas via specific sessions. ## **Autumn and Winter** We delivered energy saving sessions during autumn to help people reduce their energy use as well as reducing their bills. Over the winter period we increased the number of people accessing Pension Credit and Attendance Allowance as well as ensuring as many older people as possible were able to access Winter Fuel Payments. ## **Spring and Summer** We reached out to families over the spring and summer to help families access the Wood Street Mission school uniform scheme as well as giving away 200 PE bags at a Anti-Poverty Community event in Crumpsall Park. We delivered sessions to parents of Disabled children as well as delviering financial capabilty sessions for parents in schools, in faith community buildings and at community groups across North Manchester. ## **Environmental Focus** We have continued our efforts around reducing our environmental impact and work towards zero carbon. This has been as an organisation as well as with the local community. As an organisation we have reduced our use of paper and printing throughout our service provision as well as within our record keeping and filing. We were happy when a member of our team asked to collect our used tea bags and coffee grinds and they have been composting these on a Manchester allotment. We have developed outcome monitoring tools that don’t use paper and have made these available to community members who want to use them. This has enriched our work on energy reduction that we have carried out within our community alongside education sessions on reducing water use as well as using less gas and electricity out of choice as well as necessity. **6** **7** **Cheetham Hill Advice Centre** Annual Report **Cheetham Hill Advice Centre** Annual Report A copy of our full accounts is available from the Centre upon request. ## **Independent Examiners** Hilton-Jones Ltd t/a Community Accountancy Service Hollinwood Business Centre Albert Street Oldham OL8 3QL ## **Finance and Administration Officer in the financial year** Abiodun Aremu ## **IT Support** Bytesize ## **Banker** Co-operative Bank 1 Balloon Street Manchester ## **Partners** Abraham Moss Warriors, Citizens Advice Manchester, Communities for All, Greater Manchester Immigration Aid Unit, Hopewell, New Testament Church of God, Manchester Mind, Manchester Refugee Support Network, Shelter, Wai Yin and Young Manchester. ## **Funding** Our main funding in the year came from The National Lottery Community Fund, Manchester City Council and The Henry Smith Charity, the Peter Kershaw Trust and United Utilities Trust Fund. Cheetham Hill Advice Centre is an independent advice charity working with people across Manchester and predominantly in Cheetham, Crumpsall and North Manchester. We work with the local community through providing an advice service, training volunteers and partnership initiatives as well as developing the opportunity for voluntary sector, public sector and businesses to improve the lives of local people. If you’d like to find out more about Cheetham Hill Advice Centre or get involved please get in touch. ## **Cheetham Hill Advice Centre** 1 Morrowfield Avenue Cheetham Hill Manchester M8 9AR T: 0161 740 8999 E: office@cheethamadvice.org.uk IAA registration number: N201100029 Registered Charity Number 1136328 | Company number 7253445 Registered Charity No. 1136328 Company Registration No. 7253445 CHEETHAM HILL ADVICE CENTRE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 MARCH 2025 Cheetham Hill Advice Centre Contents Page Oirectors, Report 1 to6 Independent Examiner's Report Statement of Financial Activities Balance Sheet Statement of Cash Flows 10 Notes to the Accounts 11 to 19 CHEETHAM HILL ADVICE CENTRE Report of the Trustees for the Year Ended 30th March 2025 The trustees present their annual directors, report and financi31 statements of the charity for the year ended 30th March 2025 which are also prepared to meet the requirements for a directors, report and accounts for Companies Act purposes. The financial Statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and the Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FR5 1021 (effective I January 20151. Reference and administrative information Charity Name: Cheetham Hill Advice Centre Charity Number.. 1136328 Company No.. 7253445 Directors and trustee5 The directors of the charitable company Ithe charity) are its trustees for the purpose of charity law. The trustees and officers serving during the year and since the year-end were as follows.. Sarah Sedge Andrew Alexander Gridley Khouloud Aziouni Mary Atkinson Revd. Sarah Fletcher Tracy Langton Amer Salam Mohammed Ali Jane Eberhart Guy Johnson Bishop Herbert McKenzie Resigned 11 September 2025 Key management personnel: Trustees and Directors Sarah Sedge Chair of Trustees Guy Johnson Treasurer Senior Managers Sinéad O'connor Registered Office 1-3 Morrowfield Avenue, Manchester, M8 9AR Page 1 CHEETHAM HILL ADVICE CENTRE Independent Examiners Hilton Jones tla Community Accountancy Service Hollinwood Business Centre, Albert Street, Failsworth OL8 3QL. Bankers Cooperative Bank plc, 70-72 Cross Street, Manchester, M2 41G CAF Bank, 25 Kings Hill Avenue, West Mailing, Kent, ME19 4JQ Objectlves and activlties The purposes of the charity are to promote any charitable purpose for the benefit of residents of the City of Manchester, but primarily for the benefit of the commLtnity in Cheetham and Crumpsall and in particular the advancement of education, the furtherance of health, the relief of poverty, distress and sickness. The trustees confirm that they have referred to the Cha rity Commission's guidance on public benefit when reviewing the Charity's aims and objectives, in planning future activities, and setting the policies for the year. The charity furthers its charitable purposes for the public benefit through the provision of quality assured social welfare advice, information and support, to enable residents to lift themselves out of poverty, and to improve their quality of life and gener31 health and wellbeing. It increases the capabilities of individuals through running a volunteer development programme, recruiting and training a diverse group of local people to ensure services are culturally and linguistically appropriate and accessible, and it increases the capabilities of other organisations by running outreach services, by offering training to their volunteers, and by providing them with a consultancy advice service. Structure, Bovernance and management Cheetham Hill Advice Centre is a company limited by guarantee governed by its Memorandum and Articles of Association dated 13, May 2010. It is registered as a charity with the Charity Commission (dated 14, June 20101. Appointment of trustees As Set out in the Articles of Association trustees are elected annually by the members of the charitable company attending the Annual General meeting, with the officers being elected from the Board. The number of trustees shall not be less than three but (unless otherwise determined by ordinary resolution) shall not be subject to any maximum. Trustee induction and training New trustees are giving a formal induction from the Manager that includes an overview of the charity's activities and funding as well as copies of all the relevant written policies, and provided with access to external training to further develop their knowledge of trustee roles and responsibilities. Page 2 CHEETHAM HILL ADVICE CENTRE Organisation The board of trustees administers the charity. The board normally meets monthly, with a break in August. A M3nager is appointed by the trustees to manage the day-to-day operations of the charity. Related parties and co-operation with other organisations None of our trustees receive remuneration or other benefit from their work with the charity. Any connection between a trustee or senior manager with any service providers must be disclosed to the full board of trustees in the same way a5 any other contractual relationship with a related party. In the current year such related party transactions are reported in Note 10. A review of our achievements and performance From April 2024 to March 2025, we helped 1,435 individuals and families with 4,051 different advice issues. In the past year we have helped to have debts written off to the value of £102,717. We helped with 2,190 welfare benefit and tax credit issues and raised £3,508,525, in additional benefits for local people. At the end of March 2025, we had 1,287 open cases with 742 individua5s. We have continued our response to the Cost-of-Living crisis and have prioritised reducing debt and bringing in more money for people, including through grants to individuals and families. During the year we helped 90 individuals successfully apply for charitable grants, either through utility suppliers, Other charities and the Manchester City Council's Household Support Fund, all together the grants equalled £40,301. We were fortunate this year to be funded to deliver targeted work for some of Manchester's most vulnerable residents. We delivered work around health inequalities, work to address the cost-of- living crisis and work to help older people and families that are struggling financially. This work has sat alongside our central advice offer and meant that we could provide bespoke help and bring our services to more areas via specific sessions. We delivered energy saving sessions during autumn to help people reduce their energy use as well as reducing their bills. Over the winter period we increased the number of people accessing Pension Credit and Attendance Allowance as well as communicating with older people to ensure as many as possible were able to access Winter Fuel Payments. We reached out to families via the spring and summer to help families access the Wood Street Mission school uniform scheme as well as giving away 200 PE bags at 3n Anti-Poverty Community Page 3 CHEETHAM HILLADVICE CENTRE event in Crumpsall Park. We delivered sessions to parents of Disabled children as well as delivering financial capabilty sessions for parents in schools, in faith community buildings and at community groups across North Manchester. Financial review The charity conducted their annual and business financial reviews in February 2025. Trustees reviewed the charity's Business Plan and ensured progress was made and targets were met. The Business Plan runs from 2024-27 and this sits alongside the Fundraising Strategy which runs from 2023-26. Core funding comes from Manchester City Council via a sub-contract with Citizens Advice Manchester. This partnership work involves Cheetham Hill Advice Centre working alongside Citizens Advice Manchester and Shelter to deliver Manchesterfs citywide advice contract. This contract is from Manchester City Council and is managed by the Directorate for Commissioning. The contract was retendered in Summer 2024 with the existing partnership being successfully awarded the new contract. This contr3Ct began in October 2024 and now provides income for Cheetham Hill Advice Centre until September 2027 with the option for this to be extended until 2029. Other key funders over the past year have been The National Lottery Community Fund, The Henry Smith Charity, United Utilities Trust Fund, the Peter Kershaw Trust and Manchester City Council grants including 'Our Manchester Voluntary and Community Sector grant,, 'Cost-of-Living granv, 'CHEM- Community Health Equity Manchester, and funding to advise over 65's about Pension Credit, Attendance allowance and Winter Fuel Payments. Risk management The charity reviewed their business plan in August 2024 and have updated the three-year plan for 2024-2027. The Risk Management Policy was reviewed in M3rch 2025. This identified the major risks to which the charity is exposed and systems established to mitigate those risks. Reserves policy and going concern The balance held in unrestricted reserves at 30 March 2025 was £152,538 of which £152,538 are free reserves, after allowing for funds tied up in tangible fixed assets. The charity's reserves policy states that the charity will hold between 3-6 months operating costs in unrestricted reserves. This is to be used to meet the needs of clients in the event of unforeseen or financially damaging Page 4 CHEETHAM HILL ADVICE CENTRE circumstances and to meet its financial obligations to its employees with regard to potential redundancy liabilities. Having regard to the budget the trustees consider that the charitv Is a going concern. The charity's reliance on 8rant funding is managed through a flexible approach to staffing, with employees redeployed across to other projects wherever possible if one funding stream ends and new funding is brought on stream. Plan5 for future periods The charity has a Fundraising Strategy and is working to strengthen services for the increased need that they know is growing in the community. Funding is already in place for services until 2026 with the new citywide advice contract providing stability to the core part of the charity's delivery. The Fundraising Strategy outlines the work needed to secure funding post 2026. The charity is developing new ways to capitalise on the knowledge and skills to deliver specific projects and targeted interventions. A number of grant funding streams are due to end in 2026 and the charity have a programme to replace this funding over the next twelve months. This programme will be the focus of work between now and March 2026 and will include diversifying the charity's funding to allow for continued seNice delivery and targeted activity. The charity has ensured there are adequate free reserves needed to cover all statutory costs alongside three months of operational costs. This financial planning will ensure the charity can meet all statutory requirements whilst also ensuing stability of service delivery and governance during a period of changes to income and funding streams. The charity are reducing the environmental impact of their work through a carbon reduction plan and careful management of resources. The charity continues working with local businesses to develop way5 for companies to support the charity via the provision of pro bono goods and services. This allows the charity to improve financial resilience and reduce environmental impact. Resignation or Trustees Tracy Langton resigned as a Trustee on 11 September 2025. Page 5 CHEETHAM HILL ADVICE CENTRE Trustees responsibilities in relation to the financial statements The charity trustees (who are also the directors of Cheetham Hill Advice Centrel for the purposes of company lawl are responsible for preparing a trustees, annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing the financial statements, the trustees are required to.. Select suitable accounting principles and then apply them consi5tently,' Observe the methods and principles in the applicable Charities SORP,. Make judgments and estimates that are reasonable and prudent,. State whether applicable accounting standards have been followed, subject to any material departures that must be disclosed and explained in the financial statement5,' Prepare the financial statements on a going concern basis unless it is appropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the a55ets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities. By order of the board of trustees Sarah Sedge - Chair ?￿LS. Page 6 Cheetham Hill Advice Centre Independent examiner's report to the trustees of Cheetham Hill Advice Centre For The Year Ended 30 March 2025 Independent examiner's report to the trustees of Cheetham Hill Advice Centre I report to the trustees on my examination of the accounts of Cheetham Hill Advice Centre for the year ended 30 March 2025. Responsibilities and basis of report As the charity's trustees of the Company land also its directors for the purpose5 of company law) you are responsible for the preparalion of the accounts in accordance with the requirements of the Companies Act 2006 {'the 2006 Act,). s Having satisfied myself that the accounts of the Company are not req*Jired lo be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under seclion 145 of the {'the 2011 Aci,). In carrying out my examination I have followed the Directions given by the Charity Charities Acl 2011 Commission under section 145151 Ib) of the 2011 Act. Independent examiner's statement Since the Company 5 gross income exceeded £250,000 your examiner musl be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified lo undertake the examination because l am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come lo my attention in connection with the examination giving me cause to believe.. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act., or 2. the accounts do not accord with those records,. or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view which is not a matter considered as part of an independent examination., or 4. the accounts have not been prepared in accordance with the methods and principles of the Slalemenl of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reportin9 Standard applicable in the UK and Republic of Ireland {FRS 102). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order lo enable a proper understanding of the accounts to be reached. Signed: James Hilton-Jones FCCA Hilton Jones Ltd Ua Community Accountancy Service Hollinwood Business Centre. Albert Street. Oldham. OL8 3QL 19 December 2025 Page 7 Cheetham Hill Advice Centre Statement of Flnaneial Aetlvities For The Year Ending 30 March 2025 2025 Total Fund$ 2024 Total Fvnds Unre$trl¢ted Restricted Funds Funds Notes INCOME FROM.. Donations and Legaci85 Investment Income Chaiilable Activities Other Trading Activities Other Income 2,397 2.397 900 83.249 335.143 418.392 417.824 1.000 TOTAL 85.648 335.143 420.789 419.724 EXPENDITURE ON.. Raising Funds Charitable Activities 12.3251 169.9631 12.3251 1308.4201 1378.3831 11,0941 1389,1391 TofAL 172.2881 1308.4201 1380.7081 1390,2331 NET INCOMING IOUTGOINGI RESOLIRCES FOR THE YEAR BEFORE TRANSFERS 13.358 26.723 40.081 29,491 TRANSFER BETWEEN FUNDS 15 NEf INCOMING IOUTGOINGI RESOURCES FOR THE YEAR AFTER TRANSFERS 13.358 26.723 40.081 29,491 RECONCILIATION OF FUNDS Total Funds Bfought Forward 139,180 23.763 162.943 133.452 TOTAL FUNDS CARRIED FORWARD 16 152,538 50.486 203.024 162,943 The slatgment of financial activities includes all gains and losses In the year. All ineoming resources and resou￿$ expended denve frtsm eonlinuing aclivilies. The notes on pages 11 to 19 form part of these accounts. Page 8 Cheetham Hill Advi¢e Centre Balance Sheet As at 30 March 2025 2025 2024 Note5 FIXED ASSETS Tangible Fixed Assets 10 CURRENT ASSETS D8blors & Prepayment5 Cash at Bank & In Hand 12 14,098 239,051 34,787 206,224 253, 149 241,011 LIABILITIES.. Amounts falling due within one year 13 50,125 78,069 150.1251 178.0691 CIBnt Accounl. Client Ledgef Monie5 owed from Client Account Cash al Bank 11,4551 11,3221 2,777 13751 19101 1,285 NET CURRENT ASSETS 203,024 182.942 TOTAL NET ASSETS 203,024 182.943 THE FUNDS OF THE CHARITY Unrestricted Reservgs Restricted ReseNe$ 152,538 50.486 139.180 23,763 TOTAL CHARITY FUNDS 203,024 162,943 For the year in question the company was entitled to the exemption frorn audit under $e¢lion 477 of the Companies Act 2006 relating to small companies. The members have not required The company to obtain an audrt of ils accoLJnls for the year in question in a¢rrJrdance with seeiion 476. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect lo accounting r8cords and Ihe preparation tsf accounts. These accounts have been prepared In accordance with the provisions applicable to companies subject lo the 5rnall companies, gime. Approved on b8half of the Board Sarah S8dg8 Chair Guy Johnson asurer Dale". The notes on pages 11 to 19 fomi part of these accounts. Page 9 Cheetham Hill Advlce Centre statement of Cash Flows For The Year Ending 30 March 2025 2025 2024 RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES Net movement In funds Add back depreciation Oeduct investment Income Decrea$ellincr88sel in debtors Increasellde¢rea$el in creditors 40.081 29,491 3,984 20,689 127,9441 112,2631 17,382 Net cash us8d in operating activities 32,827 38,574 Cash flows from investment activities-. Inte￿$1 Purchase of fixed assets Net ¢a$h provided by investing activities Incre8selldecreasel in cash and c8sh equivalents during the year 32.827 38,574 C83h and G95h 8quiva18nls brought for¥vard 206,224 167,650 Cash and cash equivalents ¢arried forward 239.051 206.224 Page 10 Cheetham Hill Advice Centr9 Notes to th¢ Financial Statements For The Year Ending 30 March 2025 Accountlng poli¢ie¥ lal Basis of preparation and assessment ol going concern The accounts (financial slat8mentsl hav8 been pr8pared under the historical Cost convention with ilerns recognised al cost or transaction value unless otherwise slated in the ￿levant nol8s lo these accounts. The financial statements have been prepared in accordance with the Stalemenl of Recommended Pra¢ti¢e'. Accounling and Reportln9 by Charities preparino their accounts in accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 January 2019 and the Financial Reporting Standard applicable In the United Kingdom and Republic of Ireland IFRS 1021 and the Charities Act 2011. The Charity conslilules a public benefit entity as defined by FRS 102. The Ifuslees consider that there are material uricertain11è5 about tre ¢harity'S ability to continue as a going ¢onc8m. Ibl Funds $tru¢ture Reslricled funds are funds which a￿ to be used in 9￿rdanCe with specific restrictions Itnposed by the donor or trust deed. There were 13 re51ricled funds al the year end. Unrestricted income funds comprise those funds which the Imslees a￿ f￿e lo use for any purpose in furtherance of the charitable objects. Unrestricted funds Include designated funds where the Iruslee5. at their discr¢tion have created 8 fund for a specific purpose. Furiher details of each fund a￿ disclosed In note 15. Icl Income ￿COgnItIon All Income 1s recognised once the ¢harily ha$ entillemenl lo the income, It Is probable that the income will be receiv8d and the amount of in¢ome receivabl& can be measured rèliably. Donations are recognised when the charity h85 been notified in wilting of tKilh the amount and selllemenl date. In the event that a donation is subject to conditsons that require a level ol performance befor8 the charily is entitled to the funds, th8 income is defer￿￿ and not recogni$ed until eilh8r those conditson5 are fully met. or the lulfilmenl of those condition5 IS wholly within Ihe control of th8 charity and Il Is Probable that those conditions will be fulfilled in th8 reporting period. Interest on funds held on deposit is Included when ieceivable and the amount can be measured reliably by the chaiity-. this is nomially upon nolificalion of the Interest paid or payable by the bank. Operating income represents grants. contracts, Operating in¢ome represents gran15. contract5 and Sundry Income re¢eivable Idl Expenditure Rocognition Liabilities are r8cogn158d as 8xpendItu￿ as soon as there is 8 18gal or constructive oblig81ioll comfflitting the charity lo that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. A51 expenditu￿ 1$ accounted for on an 8wrua15 basis. All expell5es including 5UPPOrt Costs and governance costs are albcaled or apportioned lo the applicable expenditure headings. For more information on this attribution ￿fer to note In below. lol Ifre¢oveYable VAT Irrecovgrable VAT is charged against the expenditure heading for which il was incurred. In Allo¢ation of support and governanc8 Costs Support cosls have been allocated beb￿een governance costs and other 5UPPOrt Costs. Govemance costs comprise all costs involving the public accounlabi11ty of the charity and ils complian￿ with regulation and good practice These costs include c0515 related lo independent examination and legal f8es logether with an apportionrnenl of overhead and support cost5. Governance cost5 and support Costs relating lo chaniable activities have been apportioned based on stsff tlm8 and farylilies used in each a¢tivily. The allocation of support and g0Veman￿ Costs is analysed In note 7. 191 Charitsble A¢tSvitie$ Costs of charrtable activities include governan¢e costs and an apportionment of support costs as shown In Note 6. Page11 Cheetham Hill Advice Centre Notes to the Financial Statement$ l¢ontinuedl For The Year Ending 30 March 2025 Ihl Tangible fixed assets and depreciation Fixed asset$ are included In the accounts at nel book value. Additions of 8 single Item or a group of similar assets 8xce&ding £500. are capitalised al eost (valuation for donated assetsl. Depreoalion is provided lo write off the cost I&s5 the eslimaled ￿sIdUal value of lan9ible fixed assets over their estimated useful lives as follows'.- Cornpuler Office Equipment & Fittings 33.33% on cost 25Vo on cost lil Taxation The organisation Is exempl from Incorne lax by reason of ils charitable status. Income tax suffered on investment incorne is claimed in full. The Charrty is not cuf￿ntlY registered for VAT. til Pension$ The charity has an auto enrolment pension scheme and has no liability beyond making its ¢onlnbulions and paying across the deductions for the employee's contributions. Costs are charged lo expenditure in the period Incuireis. Ikl Contlngent liabllities A contingent liability Is Identified and disclosed for those transactions resulting from a possible obligation which will only be confirmed by the occu￿nCe of one or rn0￿ uncertain future events not wholly within the Iruslees, control. 111 Debtors Trade and other debt015 are ieco9nised at 5eltlernenl amount due after any trade discount offered. Pr8payment5 are valued at the amount p￿paid net of any trade discounts due. Im) Creditors and Provisions CreditOf5 and provisions are recogDi$ed where the charity has a present obligation resulting from a past ev8nt that will probably result In the transfer of funds to a third party and the amount due lo settle the obligation ¢an be measured or estimated ￿liablY. c￿￿110r$ and provisions a￿ nornlally recognised at their settlement amount after allowng foi any trade discounts du8. Inl Operat¢ng Leases Payments under operating leases are charged to the income and exp8ndilure account in the p8llod lo which they relate. Net Income for the year 202S 2024 This is ststed after charging.. Dep￿CiatiOn - owned assets Independent Examiners Fees Oth8r financial s&rvices 3.984 980 1,348 1.009 1.939 Page 72 Cheetham Hill Advice Centre Notes to the Financial Statements Icontinuod) For The Yoar Ending 30 March 2025 INCOME FROM CHARITABLE ACTIVITIES Unrestficteil Restricted Funds Funds Total 2025 Unrestncled Restricted Fund$ Funds Total 2024 Grants Henry Smith Chanty Henry Stnilh Covid 19 National Lottery- Reaching Commun MCC C051-0l.Living Fund NW National Lottery- Cost of Liw MCC CHEM 70.700 49,800 113.457 13,715 70.700 49.800 113457 13.715 40.500 39.200 115,484 40,500 39,200 115,484 14,972 14.972 8.784 26.604 52.083 8.784 26.e04 52.083 26,806 52,083 41,910 26.606 52.083 41.910 Our Man¢hesler VCE Grant MACC HSFIMOF Giant Conlr8¢ts.' CAB - advice services Other- advi￿ services 73,979 9,270 73,979 9,270 88.089 1,000 86.069 1.000 83,249 335, 143 418.392 87,069 330.755 417,824 INCOME FROM OTHER TRADING ACTIVITIES Unrestricted Restricted Funds Funds Total 2025 Un￿striCted Reslricled Fund5 Funds Total 2024 R8ferr81 Fe88- HSF 1,000 1.000 1,000 1.000 COST OF RAISING FUNDS Unrestrl¢ted Restrleted Fund5 Funds Total 2025 Unrestricted RestrKled Funds Fund5 Total 2024 Employment costs Rent, rates and insuran Heal, light & water R8P8irs and m8inl8nance Cleaner & ¢leaning materia15 422 38 239 245 152 422 36 239 245 152 155 540 1.630 155 540 1.630 2.325 2.325 1.094 1,094 Page 13 Cheetham Hill Advice Centre Not¢$ to the Financial Statements Icontlnued) For The Year Ending 30 March 2025 EXPENDITURE Unrestricted Restrtcted Fund$ Funds Total 2025 Total 2024 Charitable A¢tNvitles Employmènt Cost5 Recruilmenl DBS Checks Inlerpreling Client expen5e5 Staff Training Advertising & Publicrty Slaff Travel Staff Welfare Volunteer Expenses Volunteer Travel Support Cos15 Governance Costs 65.305 150 251,765 399 317,070 549 285.192 889 144 6.942 42.310 964 1.754 145 912 1.620 950 43.671 3.646 341 5.885 6,226 500 233 2,612 1,9S7 106 1,346 657 786 41,761 1,146 3,112 2,190 106 1,346 6S7 786 43,845 2,496 2.084 1.3SO 69,963 308.420 378,383 389.139 Reslricled Funds Unreslric18d Funds 308,420 69,963 322.353 68.786 378.383 389.139 ALLOCATION OF GOVERNANCE ANO SUPPORT COSTS 8a51sof Ap￿rt￿nMent General Support Governance 2025 2024 Support Costs Empltsymenl Costs R8nl. Rate5 and In5ur8nce Heal. Light & Water R8pa115 and Maintenan Cleaner & Cleaning Materi815 Computer Maintenance & Software Minor Equipment Printing and Stationery Telephone and P05t Publications and Subscriptions Professional Indemnity & Liability Insurances Depreciation Sundries Consultancy Profe5510nal Fees Management Committee & AGM Exp8nses Accountancy & Payroll Staff Time spa￿ Lls Space U Spa¢e Spa¢0 us Space Used Sp$¢e Us8d Staff Sl8tt Tu Siaff Tuue 2.131 696 4.537 4.660 2.899 5.743 372 4.792 5.259 3.481 1.993 3.98S 225 1.000 1.545 1.671 2.328 3.893 4.374 9.945 3.893 4.374 9.945 5.328 5.328 6.895 5.420 2.534 6,895 5.420 2,534 siatt Tu)Je att fune 587 587 1.350 1.920 1.146 2.948 1.350 1.920 1.146 2.948 43.845 2.496 46.341 47.317 Page 14 Cheetham Hill Advlce Centre Notes to thè Financlal Statements leontinued For The Year Ending 30 March 2025 STAFF NUMBERS AND COSTS 2025 2024 Wages and Sa1anes Social Security Costs Pen510n Costs 317.070 245,615 15.900 4,699 217.070 266,214 The Charity employed 14 staff during the year, with an av8rag8 of 12. The average number of employees. as a full time equivalent was. Managernenl & Admini$lralion Provision of Serrfi￿$ 10 10 14 12 The charity considers it5 key management personnel comprises the trusiees afjd manager. The total employment benefits, including employer pension ¢onlribulions of the key management personnel was £32,679 Iprevious year." £28.4121. No employees has benefits ill excess of £80,000 12024. none). TRUSTEES, REMUNERATION AND EXPENSES NO remuneration was paid or payable directly or indirectly out of the funds of the oharity during th8 year lo any Iruslees or to any persons known to be conriecled with any of them. 10 TANGIBLE FIXED ASSETS Furniture & Computer Equipment Equiptnent Total COST At 31 March 2024 Additions D15P05als AI 30 March 2025 10.186 22.894 32,880 10.186 22.694 32,880 DEPRECIATION Al 31 March 2024 Charge for Year Disposals At 30 March 2025 10,185 22.694 32,879 10.186 22.694 32,880 NET 800K VALUE At 30 March 2025 At 30 March 2024 11 CAPITAL COMMITMENTS 2025 2024 Contracted bul not proviijed for Page 15 Cheetham Hill Advice Centre Notès to the Financial Statements {continuedl For The Year Ending 30 Mar¢h 2025 12 DEBTORS 2025 2024 Other Oebtofs Accrued Income Prepayments 9833 30,235 4.265 4.552 14.098 34.787 Reslricled Funds Unrestricl8d Fund5 3,639 10.459 5.113 29.874 14,098 34.787 13 LIABILITIES.. AMOUNTS FALLING OUE WITHIN ONE YEAR 2025 2024 Deferred Income Other Coditors Accnsals 47,465 1,426 1,234 72.910 3.723 1.436 50.125 78.069 Restricted Funds Unrestricted Funds 45.490 4,635 73.434 4.635 50.125 78.069 4 DEFERRED INCOME 2025 2024 Deffer￿d Income comprises grants paid in advance. 8alan¢e brouohl forward as al 3151 March Amount released to Income earned from ¢harilable activities Amount deferred in year 72 910 172,9101 47.465 57.893 157.8931 72.910 Balanc8 f2rried foward as al 30th March 47.465 72,910 All deferred Income Is restricted. Page 16 Cheetham Hill Advice Centre Notes to the Financial Statements Icontinuedl For The Year Endin 30 March 2025 15 ANALYSIS OF CHARITABLE FUNDS Balance at 31 March 2024 Balance at Incoming Transfers Outgoing 31 March 2025 RESTRICTED FUNDS NW Legal Services Twst John Granl Davies Twst Henry Smith Charity Henry Smith Covid19 LTSG National Lottery- Reaching Communilies NW MCC Cosl-ol-Living Fund Peter Kershaw Trust 1,092 412 1,839 69 4,625 1.092 412 16,029 10.610 7,237 5,465 2,749 70.700 49 800 113.457 13.715 156.5101 139,2591 1110,8451 18.2501 1291 135,0061 2,778 8.402 331 26.604 MCC- Wellbeing MCC CHEM Our Manchester VCE Grant Arcon Housing MACC HSF I MDF Grants 331 900 4.980 681 8,784 52.083 17,8841 150,837} 3,S34 681 23.763 33S,143 308,420 50.486 ilrJr&strtcled Funds." General 139.180 85.646 172,2881 152.538 Total UnEstitted Funds." 139.180 85,846 72,2881 152.538 TOTAL 162.943 420,789 380.70B 203,024 Purpose of funds:_ Contribution toward5'. John Grant Davies Trust NW Legal Services TNst Henry Stnilh Cttarily Henry Smith Covid19 LTSG National Lottery- Reaching Communities NW MQC Cost-of-Living Fund towards the AdviTr SeNi¢e and the work of the charity lowaids equipment lo support advice delivery and volunteers towards the Advice Servic8 towards Co¥id-19 pfoje¢l - towards the Aijvice Sep4ic8 towards advice for people impa¢led by the Cost-of-Living Crisi5 - towards the salary of adviser and advice Se￿ice towards volunteer èxpenses towards helping & advising people experi&nang health Inequalities client welfare lowards mobiles & tablets for clients towards volunle8r comput8rs towards supporting volunteers and the Advice Service - toward5 volunteer expenses & equipment Peter Ker5haw Tru51 MCC CHEM MACC HSF I MDF Giants MCC- Wellbeing Tesco Bag5 of Help Our Manchester VCE Grant Arcon Housing Page 17 Cheetham Hill Advice Centrg Notes to the Financial Statements l¢ontinuedl For The Year Ending 30 March 2025 15 ANALYSIS OF CHARITABLE FUNDS (Continued) Previous Year Balan￿ at 31 March 2023 Balance at Incoming Transfers Oulgoing 30 March 2024 NW Legal Services Tfust John Grant Davies Trust enry Smith Charity Henry Smith Covid19 LTSG Nationa5 Lollery- Cost of Liwng National Lollery- Reaohing Communit185 NW Peter Kershaw Trust 1.092 412 1,142 1,192 1,092 412 1,839 69 40,500 39.200 14.972 115.484 139.8031 140,3231 115,1831 1111,6781 16381 120,1371 211 819 3.416 1,933 331 4.625 2,778 8,402 331 3.534 861 26.806 MCC- Wellbeing Our Manchester VCE Grant Arcon Housing 52.083 148,5491 681 MACC HSF Grant 41.910 400 142,3101 Capit&l.. Our Manchester VCE Grant Henry Smith Chaaty National Loltery- Reaching Communities Tesco 399 3,149 184 13991 13,1491 14,750 330,755 611 1322,353 23,763 Llnrestricled Funds.. General 118.702 88,969 67,880 139.180 rolal Unrestricted Funds.. 118,702 88.989 67.880 139,180 TOTAL 133.452 419.724 390,233 162,943 16 ANALYSIS OF NET ASSETS BETWEEN FUNDS Net Current Assets Net Current Assets Flxed Assets 2025 Totsl FIx8d Assets 2024 Total Rostricted Funds un￿strI¢ted 50.488 152.538 50,486 152,538 23.763 139.179 23.763 139.180 203.024 203,024 162.942 162.943 17 COMPANY STATUS Thg company 15 limited by guarantee and has no share capital. ￿1 mernb8rs have agreed lo contribut8 a Sum not ex￿e￿Ing £10 in event of winding up. 18 CONTINGENT LIABILITIES There were no contingent liabilities al 30th March 202512024 £nill Page 18 Cheetham Hill Advice Centre Notes to the Financial Statements {continuedl For The Year Ending 30 March 2025 19 GOING CONCERN The company's main source of incom8 is grant funding and advic8 service5. The Trustees consider that Il is appropriate to prepare the accounts on a ooing Concem basis and. con58quently the accounts do not include any adjustmellt5 that woul¢ be necessary if the funding sourTrs should cease. 20 POST BALANCE SHEET EVENTS The trustees Consider that there are no significant post balance sheet events that impact on the financial statements as presented. Th8 trust8es continue to update th8 bu5ines5 plan and risk manag8ment strategies. 21 ULTIMATE CONTROLLING PARTY The company is under the sha￿￿ control of the Trustees named on Pag8 1. There is no one person with significant control. Page 19 Registered Charity No. 1136328 Company Registration No. 7253445 CHEETHAM HILL ADVICE CENTRE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 MARCH 2025 Cheetham Hill Advice Centre Contents Page Oirectors, Report 1 to6 Independent Examiner's Report Statement of Financial Activities Balance Sheet Statement of Cash Flows 10 Notes to the Accounts 11 to 19 CHEETHAM HILL ADVICE CENTRE Report of the Trustees for the Year Ended 30th March 2025 The trustees present their annual directors, report and financi31 statements of the charity for the year ended 30th March 2025 which are also prepared to meet the requirements for a directors, report and accounts for Companies Act purposes. The financial Statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and the Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FR5 1021 (effective I January 20151. Reference and administrative information Charity Name: Cheetham Hill Advice Centre Charity Number.. 1136328 Company No.. 7253445 Directors and trustee5 The directors of the charitable company Ithe charity) are its trustees for the purpose of charity law. The trustees and officers serving during the year and since the year-end were as follows.. Sarah Sedge Andrew Alexander Gridley Khouloud Aziouni Mary Atkinson Revd. Sarah Fletcher Tracy Langton Amer Salam Mohammed Ali Jane Eberhart Guy Johnson Bishop Herbert McKenzie Resigned 11 September 2025 Key management personnel: Trustees and Directors Sarah Sedge Chair of Trustees Guy Johnson Treasurer Senior Managers Sinéad O'connor Registered Office 1-3 Morrowfield Avenue, Manchester, M8 9AR Page 1 CHEETHAM HILL ADVICE CENTRE Independent Examiners Hilton Jones tla Community Accountancy Service Hollinwood Business Centre, Albert Street, Failsworth OL8 3QL. Bankers Cooperative Bank plc, 70-72 Cross Street, Manchester, M2 41G CAF Bank, 25 Kings Hill Avenue, West Mailing, Kent, ME19 4JQ Objectlves and activlties The purposes of the charity are to promote any charitable purpose for the benefit of residents of the City of Manchester, but primarily for the benefit of the commLtnity in Cheetham and Crumpsall and in particular the advancement of education, the furtherance of health, the relief of poverty, distress and sickness. The trustees confirm that they have referred to the Cha rity Commission's guidance on public benefit when reviewing the Charity's aims and objectives, in planning future activities, and setting the policies for the year. The charity furthers its charitable purposes for the public benefit through the provision of quality assured social welfare advice, information and support, to enable residents to lift themselves out of poverty, and to improve their quality of life and gener31 health and wellbeing. It increases the capabilities of individuals through running a volunteer development programme, recruiting and training a diverse group of local people to ensure services are culturally and linguistically appropriate and accessible, and it increases the capabilities of other organisations by running outreach services, by offering training to their volunteers, and by providing them with a consultancy advice service. Structure, Bovernance and management Cheetham Hill Advice Centre is a company limited by guarantee governed by its Memorandum and Articles of Association dated 13, May 2010. It is registered as a charity with the Charity Commission (dated 14, June 20101. Appointment of trustees As Set out in the Articles of Association trustees are elected annually by the members of the charitable company attending the Annual General meeting, with the officers being elected from the Board. The number of trustees shall not be less than three but (unless otherwise determined by ordinary resolution) shall not be subject to any maximum. Trustee induction and training New trustees are giving a formal induction from the Manager that includes an overview of the charity's activities and funding as well as copies of all the relevant written policies, and provided with access to external training to further develop their knowledge of trustee roles and responsibilities. Page 2 CHEETHAM HILL ADVICE CENTRE Organisation The board of trustees administers the charity. The board normally meets monthly, with a break in August. A M3nager is appointed by the trustees to manage the day-to-day operations of the charity. Related parties and co-operation with other organisations None of our trustees receive remuneration or other benefit from their work with the charity. Any connection between a trustee or senior manager with any service providers must be disclosed to the full board of trustees in the same way a5 any other contractual relationship with a related party. In the current year such related party transactions are reported in Note 10. A review of our achievements and performance From April 2024 to March 2025, we helped 1,435 individuals and families with 4,051 different advice issues. In the past year we have helped to have debts written off to the value of £102,717. We helped with 2,190 welfare benefit and tax credit issues and raised £3,508,525, in additional benefits for local people. At the end of March 2025, we had 1,287 open cases with 742 individua5s. We have continued our response to the Cost-of-Living crisis and have prioritised reducing debt and bringing in more money for people, including through grants to individuals and families. During the year we helped 90 individuals successfully apply for charitable grants, either through utility suppliers, Other charities and the Manchester City Council's Household Support Fund, all together the grants equalled £40,301. We were fortunate this year to be funded to deliver targeted work for some of Manchester's most vulnerable residents. We delivered work around health inequalities, work to address the cost-of- living crisis and work to help older people and families that are struggling financially. This work has sat alongside our central advice offer and meant that we could provide bespoke help and bring our services to more areas via specific sessions. We delivered energy saving sessions during autumn to help people reduce their energy use as well as reducing their bills. Over the winter period we increased the number of people accessing Pension Credit and Attendance Allowance as well as communicating with older people to ensure as many as possible were able to access Winter Fuel Payments. We reached out to families via the spring and summer to help families access the Wood Street Mission school uniform scheme as well as giving away 200 PE bags at 3n Anti-Poverty Community Page 3 CHEETHAM HILLADVICE CENTRE event in Crumpsall Park. We delivered sessions to parents of Disabled children as well as delivering financial capabilty sessions for parents in schools, in faith community buildings and at community groups across North Manchester. Financial review The charity conducted their annual and business financial reviews in February 2025. Trustees reviewed the charity's Business Plan and ensured progress was made and targets were met. The Business Plan runs from 2024-27 and this sits alongside the Fundraising Strategy which runs from 2023-26. Core funding comes from Manchester City Council via a sub-contract with Citizens Advice Manchester. This partnership work involves Cheetham Hill Advice Centre working alongside Citizens Advice Manchester and Shelter to deliver Manchesterfs citywide advice contract. This contract is from Manchester City Council and is managed by the Directorate for Commissioning. The contract was retendered in Summer 2024 with the existing partnership being successfully awarded the new contract. This contr3Ct began in October 2024 and now provides income for Cheetham Hill Advice Centre until September 2027 with the option for this to be extended until 2029. Other key funders over the past year have been The National Lottery Community Fund, The Henry Smith Charity, United Utilities Trust Fund, the Peter Kershaw Trust and Manchester City Council grants including 'Our Manchester Voluntary and Community Sector grant,, 'Cost-of-Living granv, 'CHEM- Community Health Equity Manchester, and funding to advise over 65's about Pension Credit, Attendance allowance and Winter Fuel Payments. Risk management The charity reviewed their business plan in August 2024 and have updated the three-year plan for 2024-2027. The Risk Management Policy was reviewed in M3rch 2025. This identified the major risks to which the charity is exposed and systems established to mitigate those risks. Reserves policy and going concern The balance held in unrestricted reserves at 30 March 2025 was £152,538 of which £152,538 are free reserves, after allowing for funds tied up in tangible fixed assets. The charity's reserves policy states that the charity will hold between 3-6 months operating costs in unrestricted reserves. This is to be used to meet the needs of clients in the event of unforeseen or financially damaging Page 4 CHEETHAM HILL ADVICE CENTRE circumstances and to meet its financial obligations to its employees with regard to potential redundancy liabilities. Having regard to the budget the trustees consider that the charitv Is a going concern. The charity's reliance on 8rant funding is managed through a flexible approach to staffing, with employees redeployed across to other projects wherever possible if one funding stream ends and new funding is brought on stream. Plan5 for future periods The charity has a Fundraising Strategy and is working to strengthen services for the increased need that they know is growing in the community. Funding is already in place for services until 2026 with the new citywide advice contract providing stability to the core part of the charity's delivery. The Fundraising Strategy outlines the work needed to secure funding post 2026. The charity is developing new ways to capitalise on the knowledge and skills to deliver specific projects and targeted interventions. A number of grant funding streams are due to end in 2026 and the charity have a programme to replace this funding over the next twelve months. This programme will be the focus of work between now and March 2026 and will include diversifying the charity's funding to allow for continued seNice delivery and targeted activity. The charity has ensured there are adequate free reserves needed to cover all statutory costs alongside three months of operational costs. This financial planning will ensure the charity can meet all statutory requirements whilst also ensuing stability of service delivery and governance during a period of changes to income and funding streams. The charity are reducing the environmental impact of their work through a carbon reduction plan and careful management of resources. The charity continues working with local businesses to develop way5 for companies to support the charity via the provision of pro bono goods and services. This allows the charity to improve financial resilience and reduce environmental impact. Resignation or Trustees Tracy Langton resigned as a Trustee on 11 September 2025. Page 5 CHEETHAM HILL ADVICE CENTRE Trustees responsibilities in relation to the financial statements The charity trustees (who are also the directors of Cheetham Hill Advice Centrel for the purposes of company lawl are responsible for preparing a trustees, annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing the financial statements, the trustees are required to.. Select suitable accounting principles and then apply them consi5tently,' Observe the methods and principles in the applicable Charities SORP,. Make judgments and estimates that are reasonable and prudent,. State whether applicable accounting standards have been followed, subject to any material departures that must be disclosed and explained in the financial statement5,' Prepare the financial statements on a going concern basis unless it is appropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the a55ets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities. By order of the board of trustees Sarah Sedge - Chair ?￿LS. Page 6 Cheetham Hill Advice Centre Independent examiner's report to the trustees of Cheetham Hill Advice Centre For The Year Ended 30 March 2025 Independent examiner's report to the trustees of Cheetham Hill Advice Centre I report to the trustees on my examination of the accounts of Cheetham Hill Advice Centre for the year ended 30 March 2025. Responsibilities and basis of report As the charity's trustees of the Company land also its directors for the purpose5 of company law) you are responsible for the preparalion of the accounts in accordance with the requirements of the Companies Act 2006 {'the 2006 Act,). s Having satisfied myself that the accounts of the Company are not req*Jired lo be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under seclion 145 of the {'the 2011 Aci,). In carrying out my examination I have followed the Directions given by the Charity Charities Acl 2011 Commission under section 145151 Ib) of the 2011 Act. Independent examiner's statement Since the Company 5 gross income exceeded £250,000 your examiner musl be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified lo undertake the examination because l am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come lo my attention in connection with the examination giving me cause to believe.. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act., or 2. the accounts do not accord with those records,. or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view which is not a matter considered as part of an independent examination., or 4. the accounts have not been prepared in accordance with the methods and principles of the Slalemenl of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reportin9 Standard applicable in the UK and Republic of Ireland {FRS 102). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order lo enable a proper understanding of the accounts to be reached. Signed: James Hilton-Jones FCCA Hilton Jones Ltd Ua Community Accountancy Service Hollinwood Business Centre. Albert Street. Oldham. OL8 3QL 19 December 2025 Page 7 Cheetham Hill Advice Centre Statement of Flnaneial Aetlvities For The Year Ending 30 March 2025 2025 Total Fund$ 2024 Total Fvnds Unre$trl¢ted Restricted Funds Funds Notes INCOME FROM.. Donations and Legaci85 Investment Income Chaiilable Activities Other Trading Activities Other Income 2,397 2.397 900 83.249 335.143 418.392 417.824 1.000 TOTAL 85.648 335.143 420.789 419.724 EXPENDITURE ON.. Raising Funds Charitable Activities 12.3251 169.9631 12.3251 1308.4201 1378.3831 11,0941 1389,1391 TofAL 172.2881 1308.4201 1380.7081 1390,2331 NET INCOMING IOUTGOINGI RESOLIRCES FOR THE YEAR BEFORE TRANSFERS 13.358 26.723 40.081 29,491 TRANSFER BETWEEN FUNDS 15 NEf INCOMING IOUTGOINGI RESOURCES FOR THE YEAR AFTER TRANSFERS 13.358 26.723 40.081 29,491 RECONCILIATION OF FUNDS Total Funds Bfought Forward 139,180 23.763 162.943 133.452 TOTAL FUNDS CARRIED FORWARD 16 152,538 50.486 203.024 162,943 The slatgment of financial activities includes all gains and losses In the year. All ineoming resources and resou￿$ expended denve frtsm eonlinuing aclivilies. The notes on pages 11 to 19 form part of these accounts. Page 8 Cheetham Hill Advi¢e Centre Balance Sheet As at 30 March 2025 2025 2024 Note5 FIXED ASSETS Tangible Fixed Assets 10 CURRENT ASSETS D8blors & Prepayment5 Cash at Bank & In Hand 12 14,098 239,051 34,787 206,224 253, 149 241,011 LIABILITIES.. Amounts falling due within one year 13 50,125 78,069 150.1251 178.0691 CIBnt Accounl. Client Ledgef Monie5 owed from Client Account Cash al Bank 11,4551 11,3221 2,777 13751 19101 1,285 NET CURRENT ASSETS 203,024 182.942 TOTAL NET ASSETS 203,024 182.943 THE FUNDS OF THE CHARITY Unrestricted Reservgs Restricted ReseNe$ 152,538 50.486 139.180 23,763 TOTAL CHARITY FUNDS 203,024 162,943 For the year in question the company was entitled to the exemption frorn audit under $e¢lion 477 of the Companies Act 2006 relating to small companies. The members have not required The company to obtain an audrt of ils accoLJnls for the year in question in a¢rrJrdance with seeiion 476. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect lo accounting r8cords and Ihe preparation tsf accounts. These accounts have been prepared In accordance with the provisions applicable to companies subject lo the 5rnall companies, gime. Approved on b8half of the Board Sarah S8dg8 Chair Guy Johnson asurer Dale". The notes on pages 11 to 19 fomi part of these accounts. Page 9 Cheetham Hill Advlce Centre statement of Cash Flows For The Year Ending 30 March 2025 2025 2024 RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES Net movement In funds Add back depreciation Oeduct investment Income Decrea$ellincr88sel in debtors Increasellde¢rea$el in creditors 40.081 29,491 3,984 20,689 127,9441 112,2631 17,382 Net cash us8d in operating activities 32,827 38,574 Cash flows from investment activities-. Inte￿$1 Purchase of fixed assets Net ¢a$h provided by investing activities Incre8selldecreasel in cash and c8sh equivalents during the year 32.827 38,574 C83h and G95h 8quiva18nls brought for¥vard 206,224 167,650 Cash and cash equivalents ¢arried forward 239.051 206.224 Page 10 Cheetham Hill Advice Centr9 Notes to th¢ Financial Statements For The Year Ending 30 March 2025 Accountlng poli¢ie¥ lal Basis of preparation and assessment ol going concern The accounts (financial slat8mentsl hav8 been pr8pared under the historical Cost convention with ilerns recognised al cost or transaction value unless otherwise slated in the ￿levant nol8s lo these accounts. The financial statements have been prepared in accordance with the Stalemenl of Recommended Pra¢ti¢e'. Accounling and Reportln9 by Charities preparino their accounts in accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 January 2019 and the Financial Reporting Standard applicable In the United Kingdom and Republic of Ireland IFRS 1021 and the Charities Act 2011. The Charity conslilules a public benefit entity as defined by FRS 102. The Ifuslees consider that there are material uricertain11è5 about tre ¢harity'S ability to continue as a going ¢onc8m. Ibl Funds $tru¢ture Reslricled funds are funds which a￿ to be used in 9￿rdanCe with specific restrictions Itnposed by the donor or trust deed. There were 13 re51ricled funds al the year end. Unrestricted income funds comprise those funds which the Imslees a￿ f￿e lo use for any purpose in furtherance of the charitable objects. Unrestricted funds Include designated funds where the Iruslee5. at their discr¢tion have created 8 fund for a specific purpose. Furiher details of each fund a￿ disclosed In note 15. Icl Income ￿COgnItIon All Income 1s recognised once the ¢harily ha$ entillemenl lo the income, It Is probable that the income will be receiv8d and the amount of in¢ome receivabl& can be measured rèliably. Donations are recognised when the charity h85 been notified in wilting of tKilh the amount and selllemenl date. In the event that a donation is subject to conditsons that require a level ol performance befor8 the charily is entitled to the funds, th8 income is defer￿￿ and not recogni$ed until eilh8r those conditson5 are fully met. or the lulfilmenl of those condition5 IS wholly within Ihe control of th8 charity and Il Is Probable that those conditions will be fulfilled in th8 reporting period. Interest on funds held on deposit is Included when ieceivable and the amount can be measured reliably by the chaiity-. this is nomially upon nolificalion of the Interest paid or payable by the bank. Operating income represents grants. contracts, Operating in¢ome represents gran15. contract5 and Sundry Income re¢eivable Idl Expenditure Rocognition Liabilities are r8cogn158d as 8xpendItu￿ as soon as there is 8 18gal or constructive oblig81ioll comfflitting the charity lo that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. A51 expenditu￿ 1$ accounted for on an 8wrua15 basis. All expell5es including 5UPPOrt Costs and governance costs are albcaled or apportioned lo the applicable expenditure headings. For more information on this attribution ￿fer to note In below. lol Ifre¢oveYable VAT Irrecovgrable VAT is charged against the expenditure heading for which il was incurred. In Allo¢ation of support and governanc8 Costs Support cosls have been allocated beb￿een governance costs and other 5UPPOrt Costs. Govemance costs comprise all costs involving the public accounlabi11ty of the charity and ils complian￿ with regulation and good practice These costs include c0515 related lo independent examination and legal f8es logether with an apportionrnenl of overhead and support cost5. Governance cost5 and support Costs relating lo chaniable activities have been apportioned based on stsff tlm8 and farylilies used in each a¢tivily. The allocation of support and g0Veman￿ Costs is analysed In note 7. 191 Charitsble A¢tSvitie$ Costs of charrtable activities include governan¢e costs and an apportionment of support costs as shown In Note 6. Page11 Cheetham Hill Advice Centre Notes to the Financial Statement$ l¢ontinuedl For The Year Ending 30 March 2025 Ihl Tangible fixed assets and depreciation Fixed asset$ are included In the accounts at nel book value. Additions of 8 single Item or a group of similar assets 8xce&ding £500. are capitalised al eost (valuation for donated assetsl. Depreoalion is provided lo write off the cost I&s5 the eslimaled ￿sIdUal value of lan9ible fixed assets over their estimated useful lives as follows'.- Cornpuler Office Equipment & Fittings 33.33% on cost 25Vo on cost lil Taxation The organisation Is exempl from Incorne lax by reason of ils charitable status. Income tax suffered on investment incorne is claimed in full. The Charrty is not cuf￿ntlY registered for VAT. til Pension$ The charity has an auto enrolment pension scheme and has no liability beyond making its ¢onlnbulions and paying across the deductions for the employee's contributions. Costs are charged lo expenditure in the period Incuireis. Ikl Contlngent liabllities A contingent liability Is Identified and disclosed for those transactions resulting from a possible obligation which will only be confirmed by the occu￿nCe of one or rn0￿ uncertain future events not wholly within the Iruslees, control. 111 Debtors Trade and other debt015 are ieco9nised at 5eltlernenl amount due after any trade discount offered. Pr8payment5 are valued at the amount p￿paid net of any trade discounts due. Im) Creditors and Provisions CreditOf5 and provisions are recogDi$ed where the charity has a present obligation resulting from a past ev8nt that will probably result In the transfer of funds to a third party and the amount due lo settle the obligation ¢an be measured or estimated ￿liablY. c￿￿110r$ and provisions a￿ nornlally recognised at their settlement amount after allowng foi any trade discounts du8. Inl Operat¢ng Leases Payments under operating leases are charged to the income and exp8ndilure account in the p8llod lo which they relate. Net Income for the year 202S 2024 This is ststed after charging.. Dep￿CiatiOn - owned assets Independent Examiners Fees Oth8r financial s&rvices 3.984 980 1,348 1.009 1.939 Page 72 Cheetham Hill Advice Centre Notes to the Financial Statements Icontinuod) For The Yoar Ending 30 March 2025 INCOME FROM CHARITABLE ACTIVITIES Unrestficteil Restricted Funds Funds Total 2025 Unrestncled Restricted Fund$ Funds Total 2024 Grants Henry Smith Chanty Henry Stnilh Covid 19 National Lottery- Reaching Commun MCC C051-0l.Living Fund NW National Lottery- Cost of Liw MCC CHEM 70.700 49,800 113.457 13,715 70.700 49.800 113457 13.715 40.500 39.200 115,484 40,500 39,200 115,484 14,972 14.972 8.784 26.604 52.083 8.784 26.e04 52.083 26,806 52,083 41,910 26.606 52.083 41.910 Our Man¢hesler VCE Grant MACC HSFIMOF Giant Conlr8¢ts.' CAB - advice services Other- advi￿ services 73,979 9,270 73,979 9,270 88.089 1,000 86.069 1.000 83,249 335, 143 418.392 87,069 330.755 417,824 INCOME FROM OTHER TRADING ACTIVITIES Unrestricted Restricted Funds Funds Total 2025 Un￿striCted Reslricled Fund5 Funds Total 2024 R8ferr81 Fe88- HSF 1,000 1.000 1,000 1.000 COST OF RAISING FUNDS Unrestrl¢ted Restrleted Fund5 Funds Total 2025 Unrestricted RestrKled Funds Fund5 Total 2024 Employment costs Rent, rates and insuran Heal, light & water R8P8irs and m8inl8nance Cleaner & ¢leaning materia15 422 38 239 245 152 422 36 239 245 152 155 540 1.630 155 540 1.630 2.325 2.325 1.094 1,094 Page 13 Cheetham Hill Advice Centre Not¢$ to the Financial Statements Icontlnued) For The Year Ending 30 March 2025 EXPENDITURE Unrestricted Restrtcted Fund$ Funds Total 2025 Total 2024 Charitable A¢tNvitles Employmènt Cost5 Recruilmenl DBS Checks Inlerpreling Client expen5e5 Staff Training Advertising & Publicrty Slaff Travel Staff Welfare Volunteer Expenses Volunteer Travel Support Cos15 Governance Costs 65.305 150 251,765 399 317,070 549 285.192 889 144 6.942 42.310 964 1.754 145 912 1.620 950 43.671 3.646 341 5.885 6,226 500 233 2,612 1,9S7 106 1,346 657 786 41,761 1,146 3,112 2,190 106 1,346 6S7 786 43,845 2,496 2.084 1.3SO 69,963 308.420 378,383 389.139 Reslricled Funds Unreslric18d Funds 308,420 69,963 322.353 68.786 378.383 389.139 ALLOCATION OF GOVERNANCE ANO SUPPORT COSTS 8a51sof Ap￿rt￿nMent General Support Governance 2025 2024 Support Costs Empltsymenl Costs R8nl. Rate5 and In5ur8nce Heal. Light & Water R8pa115 and Maintenan Cleaner & Cleaning Materi815 Computer Maintenance & Software Minor Equipment Printing and Stationery Telephone and P05t Publications and Subscriptions Professional Indemnity & Liability Insurances Depreciation Sundries Consultancy Profe5510nal Fees Management Committee & AGM Exp8nses Accountancy & Payroll Staff Time spa￿ Lls Space U Spa¢e Spa¢0 us Space Used Sp$¢e Us8d Staff Sl8tt Tu Siaff Tuue 2.131 696 4.537 4.660 2.899 5.743 372 4.792 5.259 3.481 1.993 3.98S 225 1.000 1.545 1.671 2.328 3.893 4.374 9.945 3.893 4.374 9.945 5.328 5.328 6.895 5.420 2.534 6,895 5.420 2,534 siatt Tu)Je att fune 587 587 1.350 1.920 1.146 2.948 1.350 1.920 1.146 2.948 43.845 2.496 46.341 47.317 Page 14 Cheetham Hill Advlce Centre Notes to thè Financlal Statements leontinued For The Year Ending 30 March 2025 STAFF NUMBERS AND COSTS 2025 2024 Wages and Sa1anes Social Security Costs Pen510n Costs 317.070 245,615 15.900 4,699 217.070 266,214 The Charity employed 14 staff during the year, with an av8rag8 of 12. The average number of employees. as a full time equivalent was. Managernenl & Admini$lralion Provision of Serrfi￿$ 10 10 14 12 The charity considers it5 key management personnel comprises the trusiees afjd manager. The total employment benefits, including employer pension ¢onlribulions of the key management personnel was £32,679 Iprevious year." £28.4121. No employees has benefits ill excess of £80,000 12024. none). TRUSTEES, REMUNERATION AND EXPENSES NO remuneration was paid or payable directly or indirectly out of the funds of the oharity during th8 year lo any Iruslees or to any persons known to be conriecled with any of them. 10 TANGIBLE FIXED ASSETS Furniture & Computer Equipment Equiptnent Total COST At 31 March 2024 Additions D15P05als AI 30 March 2025 10.186 22.894 32,880 10.186 22.694 32,880 DEPRECIATION Al 31 March 2024 Charge for Year Disposals At 30 March 2025 10,185 22.694 32,879 10.186 22.694 32,880 NET 800K VALUE At 30 March 2025 At 30 March 2024 11 CAPITAL COMMITMENTS 2025 2024 Contracted bul not proviijed for Page 15 Cheetham Hill Advice Centre Notès to the Financial Statements {continuedl For The Year Ending 30 Mar¢h 2025 12 DEBTORS 2025 2024 Other Oebtofs Accrued Income Prepayments 9833 30,235 4.265 4.552 14.098 34.787 Reslricled Funds Unrestricl8d Fund5 3,639 10.459 5.113 29.874 14,098 34.787 13 LIABILITIES.. AMOUNTS FALLING OUE WITHIN ONE YEAR 2025 2024 Deferred Income Other Coditors Accnsals 47,465 1,426 1,234 72.910 3.723 1.436 50.125 78.069 Restricted Funds Unrestricted Funds 45.490 4,635 73.434 4.635 50.125 78.069 4 DEFERRED INCOME 2025 2024 Deffer￿d Income comprises grants paid in advance. 8alan¢e brouohl forward as al 3151 March Amount released to Income earned from ¢harilable activities Amount deferred in year 72 910 172,9101 47.465 57.893 157.8931 72.910 Balanc8 f2rried foward as al 30th March 47.465 72,910 All deferred Income Is restricted. Page 16 Cheetham Hill Advice Centre Notes to the Financial Statements Icontinuedl For The Year Endin 30 March 2025 15 ANALYSIS OF CHARITABLE FUNDS Balance at 31 March 2024 Balance at Incoming Transfers Outgoing 31 March 2025 RESTRICTED FUNDS NW Legal Services Twst John Granl Davies Twst Henry Smith Charity Henry Smith Covid19 LTSG National Lottery- Reaching Communilies NW MCC Cosl-ol-Living Fund Peter Kershaw Trust 1,092 412 1,839 69 4,625 1.092 412 16,029 10.610 7,237 5,465 2,749 70.700 49 800 113.457 13.715 156.5101 139,2591 1110,8451 18.2501 1291 135,0061 2,778 8.402 331 26.604 MCC- Wellbeing MCC CHEM Our Manchester VCE Grant Arcon Housing MACC HSF I MDF Grants 331 900 4.980 681 8,784 52.083 17,8841 150,837} 3,S34 681 23.763 33S,143 308,420 50.486 ilrJr&strtcled Funds." General 139.180 85.646 172,2881 152.538 Total UnEstitted Funds." 139.180 85,846 72,2881 152.538 TOTAL 162.943 420,789 380.70B 203,024 Purpose of funds:_ Contribution toward5'. John Grant Davies Trust NW Legal Services TNst Henry Stnilh Cttarily Henry Smith Covid19 LTSG National Lottery- Reaching Communities NW MQC Cost-of-Living Fund towards the AdviTr SeNi¢e and the work of the charity lowaids equipment lo support advice delivery and volunteers towards the Advice Servic8 towards Co¥id-19 pfoje¢l - towards the Aijvice Sep4ic8 towards advice for people impa¢led by the Cost-of-Living Crisi5 - towards the salary of adviser and advice Se￿ice towards volunteer èxpenses towards helping & advising people experi&nang health Inequalities client welfare lowards mobiles & tablets for clients towards volunle8r comput8rs towards supporting volunteers and the Advice Service - toward5 volunteer expenses & equipment Peter Ker5haw Tru51 MCC CHEM MACC HSF I MDF Giants MCC- Wellbeing Tesco Bag5 of Help Our Manchester VCE Grant Arcon Housing Page 17 Cheetham Hill Advice Centrg Notes to the Financial Statements l¢ontinuedl For The Year Ending 30 March 2025 15 ANALYSIS OF CHARITABLE FUNDS (Continued) Previous Year Balan￿ at 31 March 2023 Balance at Incoming Transfers Oulgoing 30 March 2024 NW Legal Services Tfust John Grant Davies Trust enry Smith Charity Henry Smith Covid19 LTSG Nationa5 Lollery- Cost of Liwng National Lollery- Reaohing Communit185 NW Peter Kershaw Trust 1.092 412 1,142 1,192 1,092 412 1,839 69 40,500 39.200 14.972 115.484 139.8031 140,3231 115,1831 1111,6781 16381 120,1371 211 819 3.416 1,933 331 4.625 2,778 8,402 331 3.534 861 26.806 MCC- Wellbeing Our Manchester VCE Grant Arcon Housing 52.083 148,5491 681 MACC HSF Grant 41.910 400 142,3101 Capit&l.. Our Manchester VCE Grant Henry Smith Chaaty National Loltery- Reaching Communities Tesco 399 3,149 184 13991 13,1491 14,750 330,755 611 1322,353 23,763 Llnrestricled Funds.. General 118.702 88,969 67,880 139.180 rolal Unrestricted Funds.. 118,702 88.989 67.880 139,180 TOTAL 133.452 419.724 390,233 162,943 16 ANALYSIS OF NET ASSETS BETWEEN FUNDS Net Current Assets Net Current Assets Flxed Assets 2025 Totsl FIx8d Assets 2024 Total Rostricted Funds un￿strI¢ted 50.488 152.538 50,486 152,538 23.763 139.179 23.763 139.180 203.024 203,024 162.942 162.943 17 COMPANY STATUS Thg company 15 limited by guarantee and has no share capital. ￿1 mernb8rs have agreed lo contribut8 a Sum not ex￿e￿Ing £10 in event of winding up. 18 CONTINGENT LIABILITIES There were no contingent liabilities al 30th March 202512024 £nill Page 18 Cheetham Hill Advice Centre Notes to the Financial Statements {continuedl For The Year Ending 30 March 2025 19 GOING CONCERN The company's main source of incom8 is grant funding and advic8 service5. The Trustees consider that Il is appropriate to prepare the accounts on a ooing Concem basis and. con58quently the accounts do not include any adjustmellt5 that woul¢ be necessary if the funding sourTrs should cease. 20 POST BALANCE SHEET EVENTS The trustees Consider that there are no significant post balance sheet events that impact on the financial statements as presented. Th8 trust8es continue to update th8 bu5ines5 plan and risk manag8ment strategies. 21 ULTIMATE CONTROLLING PARTY The company is under the sha￿￿ control of the Trustees named on Pag8 1. There is no one person with significant control. Page 19