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2021-03-31-accounts

GREATER MANCHESTER YOUTH NETWORK LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR

THE YEAR ENDED 31 MARCH 2021

Company number 6130270 Charity number 1151897

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GREATER MANCHESTER YOUTH NETWORK LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

I NDEX

Administrative information 1
Trustees’ and Directors’ annual report 2 – 6
Independent Examiners’ report 7
Statement of financial activities 8
Balance sheet 9
Statement of cash flows 10
Notes to the financial statements 11 – 23

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GREATER MANCHESTER YOUTH NETWORK LIMITED ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 MARCH 2021

DIRECTORS

S Palmer (Chair) M Spick (Vice Chair) E Stelfox (Treasurer) J M Harding (Charity Secretary) B Learner S E Tongue A Taassob J Ford S Westhead C Edusei Resigned 15/12/20

COMPANY SECRETARY A Fairweather KEY MANAGEMENT A Fairweather – Chief Executive F Shirley – Head of Programmes A Webster – Head of Development REGISTERED OFFICE AND Greenfish Resource Centre PRINCIPAL PLACE OF BUSINESS 46-50 Oldham Street Manchester M4 1LE ACCOUNTANTS AND Paul Cowham Accountancy INDEPENDENT EXAMINERS Greenfish Resource Centre 46-50 Oldham Street Manchester M4 1LE Greenfish Resource Centre BANKERS Barclays Bank plc Wilmslow Road Didsbury Manchester M20 6RN

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GREATER MANCHESTER YOUTH NETWORK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

The trustees present their annual report together with the financial statements of the charity for the year ended 31 March 2021 which are also prepared to meet the requirements for a directors’ report and accounts for Companies act purposes.

REPORTING FRAMEWORK

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and 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 (FRS102) (effective 1 January 2015), referred to as the Charities SORP (FRS 102).

OBJECTIVES AND ACTIVITIES

Chartable objects

The objectives of Greater Manchester Youth Network are:

To advance in life and relieve the needs of young people through:

Activities

The charity continues to design and deliver core support programmes and services focussed on positive and developmental opportunities to disadvantaged young people.

The charity identified priorities for the year including identifying key performance indicators. The following areas were decided as the priority areas for Greater Manchester Youth Network:

Public benefit

The Board has had regard to the Charity Commission guidance on public benefit.

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GREATER MANCHESTER YOUTH NETWORK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

ACHIEVEMENTS AND PERFORMANCE

At GMYN, (Greater Manchester Youth Network), our vision is #YoungPeopleCan and we help young people in Greater Manchester overcome challenges. We support young people aged 13 to 25 transition to adulthood feeling skilled, supported and positive. Over the past year we have also trialled programmes supporting younger children, allowing young people aged 9 and up to now take part in our programmes.

In the last 12 months, we have supported 713 young people across Greater Manchester, including 296 who are care experienced; 31 who have SEND (Special educational needs and disability ); and 71 who have SEMH (Social, Emotional & Mental Health) needs. In the next year, we expect our reach to increase further, directly supporting over 750 beneficiaries.

We have continued to maintain our core aim of working in partnership with other organisations across various sectors to share our resources and experience and combine our knowledge of youth work with the other specialisms and expertise of partner organisations. This has enabled GMYN to diversify our delivery, add additional support measures and reach more young people.

COVID-19 Crisis & Aftermath

GMYN has continued to respond well to the crisis, adapting to lockdown measures, showing resilience and determination in our delivery and effective planning to ensure the impact on the organisation is managed.

GMYN must continue to adapt and plan strategically to ensure our role as an emergency response charity is valued. We have been able to use learning to adapt our provision accordingly meaning we can use these adaptations for more long-term planning and delivery. GMYN will continue to remain active and resilient with the capacity to deliver what is needed.

As before, there are still further opportunities and lessons to be learned including more effective ways of delivering our programmes and support. Although we still not know the continued impact the COVID-19 pandemic will have on GMYN, we need to ensure that the charity continues to plan and respond to the following:

Strategic plan

In March 2021, the board of trustees launched the new three-year strategy for 2021-2024. This new set of objectives and deliverables include new directions for the charity and considered the impact of Covid 19 pandemic as well as identifying new opportunities. This new strategy gives the charity a clear direction as to where to deliver new programmes, what priority areas to focus on and new plans for diversifying our income.

Income generation

We have been successful this year in being able to access COVID-19 emergency funding which helped provide vital resources for the charity. As well as this we have been able to focus on the charity’s key messaging and impact measurement in order to really demonstrate the difference we make . This has enabled us to apply for successful core grants from new funders such as Garfield Weston and Henry Smith Foundation. This will continue to be a main priority for us, to enable GMYN to move away from delivery grants and be much more sustainable.

Youth Alliance Greater Manchester

As one of the lead organisations supporting the development and formation of this new group, it has been great that this new alliance has grown so much already. With now over 100 partners joined from various sectors and from across GM, this has shown there is real appetite to work together and collaborate on new ideas and opportunities.

Supporting and enabling vulnerable young people

GMYN continues to develop and deliver bespoke activities that support disadvantaged young people to engage in progression activities. These activities are crucial and that help them to develop new skills, build new friendships and feel valued. We have been able to expand our provision for care experienced young people into new boroughs as well as expanding our employability and training programmes.

Youth Leadership

This year saw the first time GMYN was able to invest into a core Youth Participation Lead staff role. This enabled GMYN to develop our leadership programmes including our Changemakers SEND group, Health Action Champions, Care Experienced Young People Ambassadors and the final year of our Hidden Talent Youth Panel. Our work with young people with SEND/SEMH is an area we will continue to grow and develop and ensure more young people have the ability to be heard.

Employability

We have expanded our employability programmes into new boroughs including Tameside, Oldham and Bury to help care experienced young people develop life skills such as budgeting, cooking and independent living. This has helped young people gain confidence

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GREATER MANCHESTER YOUTH NETWORK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

and the ability to aspire to seek employment or other development opportunities. This continues to be an area of growth for GMYN and we will be focussing more resources on expanding these programmes into other GM boroughs.

Youth Volunteering/Social Action

GMYN delivered the NCS (national citizen service) programme in Manchester successfully this year. Although the COVID pandemic had an impact and the programme had to be adapted and reduced, we surpassed our targets for both Summer and Autumn. We continue to embed volunteering and social action throughout our other programmes and give young people the opportunity to make change in their communities.

Organisational development

We have continued to adapt our delivery this year, looking at how we can maintain support for young people by using other methods such as online/digital as well as more 1-1 support that can be delivered in lockdown measures. This has been continued development since the first COVID-19 lockdown where we needed to make big changes to how we ran our programmes and organised activities. We are still learning and adapting, and this will continue to be the case going forward. We see this as a good opportunity to help GMYN plan and adapt.

Equality and Diversity

Whilst our staff team is diverse in many ways, the racial diversity of the young people we support and the society we live is not currently represented. Since October we have been in discussions with our staff team, young people and other youth leaders to plan how we can move forward. Since January we have been working with charity "Kids of Colour" to help us explore anti-racism to enhance our delivery, help us review our work and culture and ensure we remove any barriers to inclusion. This has been a very positive development journey so far.

FINANCIAL REVIEW

Overview

The charity had a surplus on unrestricted funds for the year of c£75k (2019/20 – c£37k) representing the commitment of reserves to support the ongoing work of the charity, whilst investment is made in building and diversifying the sources of funding whether through earned income or project grant support.

Risk management

The Board has identified the major risk facing the Charity as failing to meet its financial targets especially for income generation from grants, charitable activities and donations. The charity monitors income from all sources and continues to apply for grants from a diverse and extensive range of existing and potential sources.

Reserves

The Board of Trustees have set a reserves policy which requires free reserves are built at a level which ensures that a minimum 6 months of GMYN’s core activity could continue during a period of unforeseen difficulty. This is consistent with general third sector practice.

The organisation’s total of free reserves (unrestricted funds not invested in fixed assets or otherwise designated) was £178,019 at the year end against a target of c£200k.

The calculation of the required level of reserves is an integral part of the Charity's financial planning and the annual budget.

GMYN’s Reserves Policy is to be reviewed and updated at the end of each financial year to take account of any change in circumstance. When monitoring the levels of reserves the Board of Trustees will take into account an appropriate strategic course of action should an excess or deficit occur.

Going concern

In common with other charities of a similar size and type, the Charity is reliant on continuous fundraising, including the submission of grant funding applications, for its continued operation.

The Directors have not identified any specific matters affecting going concern and these accounts.

FUTURE PLANS

The organisation is now in the first year of its new strategic plan for 2021-2024 and we launched this plan to show the charity’s aims to support young people over the next three years. Although the charity has done well financially this year considering the current climate, this has been the result of financial support offered and good planning. The charity is well aware that COVID-19 will continue to have a detrimental impact on future opportunities and needs to be prepared.

Our continued aim is to diversify our income streams, access more core funding and increase our level of unrestricted reserves. This will ensure the charity continues to be resilient and sustainable and also allow for further investment into the organisation.

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GREATER MANCHESTER YOUTH NETWORK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

Objectives

These objectives are taken from our three year strategic plan and continue the plans and deliverables from our first year going forward.

GMYN’s delivery of programmes continues to give opportunities for young people to flourish and our variety of programmes and support offers is becoming even more diverse. We want to ensure that our delivery remains high quality and gives young people every chance to succeed. Our care experienced youth programmes continue to expand, with the continued growth of our employability support offer.

Our partnership work continues to develop across Greater Manchester especially with the expansion of the Youth Alliance GM and our leadership role in supporting this new partnership. GMYN’s role as strategic lead for youth work continues to grow and more and more we are seeing new opportunities for the charity to become involved at a lead level.

We are proud that our vision is YoungPeopleCan!

STRUCTURE GOVERNANCE AND MANAGEMENT

Governing document

The Charity is a company limited by guarantee and is governed by its Memorandum and Articles of Association dated February 27 2007 and as amended by special resolutions dated April 12 2012 and April 15 2013. It is registered as a charity with the Charity Commission, having been registered with effect from May 3 2013.

Members of the company and appointment of trustees

The trustees and directors of the company are the same people, collectively known as the Board or Board of Directors.

The Board of Directors may, at its discretion, admit to membership, subject to the restrictions the Articles:

Upon admission to membership, a person or the representative of an organisation is appointed a director company and when they cease to be a member also cease to be a member of the Board.

However, where the charity is receiving more than fifty percent of its funding from a Local Authority the proportion of the Local Authority’s associated persons cannot exceed nineteen percent of the total number of members of the Board of Directors.

The Trustees who served during the year, together with any changes up to the date of approving this report are listed on page 1.

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GREATER MANCHESTER YOUTH NETWORK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

Trustee recruitment, induction and training

The membership of the Board is reviewed annually by the board in accordance with its agreed procedures.

Trustees are recruited for their commitment and the skills and knowledge they can bring to the organisation. All trustees receive induction information and training as appropriate to their needs and there is an opportunity to access ongoing training for personal development.

Register of interests

Trustees are required to complete a form on appointment, which is updated annually, registering their interests, including the membership of other voluntary organisations. The Board procedures ensure that Trustees do not participate in decisions in which they have an interest.

Organisation

The Board, which must not be less than six members (but has no upper limit), administers the Charity and meets as necessary.

The day to day operations of the Charity are the responsibility of the Chief Executive and senior management team, to whom the Trustees delegate authority for operational matters including finance, employment and development, within the overall strategy agreed by the Board.

Related parties

There are no related party transactions in either this or the preceding year.

Co-operation with other organisations/charities

The charity is a partnership driven organisation. It ensures it works strategically and collaboratively alongside similar youth infrastructure organisations and delivers programmes in partnership with other youth organisations. The charity is a member of NW Youth, a collaboration of youth charities delivering youth services across the region. The charity is also an affiliated member of UK Youth, the national youth charity providing activities and strategic support to the voluntary youth sector.

TRUSTEES’ RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS

The trustees (who are also directors of Greater Manchester Youth Network Limited for the purposes of company law) are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial 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 these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

SMALL COMPANY PROVISIONS AND APPROVAL

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

Approved by the Board of Trustees and signed on its behalf by:

Date: 07 / 29 / 2021

S Palmer - Director

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GREATER MANCHESTER YOUTH NETWORK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2021.

Responsibilities and basis of report

As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I a member of Institute of Charered Accountants in England and Wales (ICAEW) which is one of the listed bodies.[1]

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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 to enable a proper understanding of the accounts to be reached.

Paul Cowham Accountancy Greenfish Resource Centre 46-50 Oldham Street Manchester M4 1LE

07 / 30 / 2021

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Greater Manchester Youth Network Ltd

Statement of Financial Activities (including Income and Expenditure account) for the year ended 31 March 2021

Unrestricted
funds
Note
£
Income
Donations and legacies
-
59,026
Charitable activities
3
264,144
4
2,740
Investments
-
212
Total income
326,122
Expenditure
Raising funds
5
24,415
Charitable activities
6
218,132
Total expenditure
242,547
7
83,575
Transfer between funds
(8,316)
Net movement in funds for the year
75,259
Reconciliation of funds
Total funds brought forward
102,760
Total funds carried forward
178,019
Fees and other income
Net income/(expenditure) for the
year		 Restricted
funds
£
-
463,013
-
-
463,013
-
519,653
519,653
(56,640)
8,316
(48,324)
167,873
119,549		 Total funds
2021
£
59,026
727,157
2,740
212
789,135
24,415
737,785
762,200
26,935
-
26,935
270,633
297,568		 Total funds
2020
£
51,520
785,748
-
236
837,504
26,483
682,570
709,053
128,451
-
128,451
142,182
270,633

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

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Greater Manchester Youth Network Ltd Company number 6130270

Balance sheet as at 31 March 2021

Note
£
£
Fixed assets
Tangible assets
12
-
Total fixed assets
-
Current assets
Debtors
13
68,168
Cash at bank and in hand
254,815
Total current assets
322,983
Liabilities
Creditors: amounts falling
due in less than one year
14
(25,415)
Net current assets
297,568
Total assets less current liabilities
297,568
Net assets
297,568
Funds of the charity
Restricted income funds
15
119,549
Unrestricted income funds
17
178,019
Total charity funds
297,568
2021		 £
£
1,138
1,138
68,634
219,558
288,192
(18,697)
269,495
270,633
270,633
167,873
102,760
270,633
2020		 £
£
1,138
1,138
68,634
219,558
288,192
(18,697)
269,495
270,633
270,633
167,873
102,760
270,633
2020
1,138
269,495
270,633
270,633
167,873
102,760
270,633

For the year in question, the company was entitled to exemption from an audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These accounts are prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small companies and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the company.

The notes on pages 11 to 23 form part of these accounts.

07 / 29 / 2021

Approved by the trustees on …....................... and signed on their behalf by:

Eric Stelfox Sam Palmer Name Name Signature Signature

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Greater Manchester Youth Network Ltd

Statement of Cash Flows for the year ending 31 March 2021

Note
2021
£
Cash provided by/(used in) operating activities
20
35,045
Cash flows from investing activities:
Bank interest
212
Purchase of tangible fixed assets
-
Cash provided by/(used in) investing activities
212
35,257
Cash and cash equivalents at the beginning of the year
219,558
Cash and cash equivalents at the end of the year
254,815
Increase/(decrease) in cash and cash
equivalents in the year		 2020
£
120,295
236
-
236
120,531
99,027
219,558

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Greater Manchester Youth Network Ltd

Notes to the accounts for the year ended 31 March 2021 (continued)

1 Accounting policies

The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

a Basis of preparation

The financial statements have been prepared in accordance with 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 (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Greater Manchester Youth Network Ltd meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

b Reconciliation with previous Generally Accepted Accounting Practice

In preparing the accounts, the trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 the restatement of comparative items was required. No such restatement was required.

c Preparation of the accounts on a going concern basis

The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern.

There are no key judgments which the trustees have made which have a significant effect on the accounts.

The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next reporting period.

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Greater Manchester Youth Network Ltd

Notes to the accounts for the year ended 31 March 2021 (continued)

d Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Income received in advance of a provision of a specified service is deferred until the criteria for income recognition are met.

e Donated services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

f Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.

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Greater Manchester Youth Network Ltd

Notes to the accounts for the year ended 31 March 2021 (continued)

g Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of charity.

Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose.

Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work or for specific projects being undertaken by the charity.

h Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

i Operating leases

Operating leases are leases in which the title to the assets, and the risks and rewards of ownership, remain with the lessor. Rental charges are charged on a straight line basis over the term of the lease.

j Tangible fixed assets

Individual fixed assets costing £1,000 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a straight line basis as follows:

Fixtures and fittings 20% straight line Equipment: 33% straight line

m Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

n Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

o Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party 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.

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Greater Manchester Youth Network Ltd

Notes to the accounts for the year ended 31 March 2021 (continued)

O Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

P Pensions

Employees of the charity are entitled to join the charity's defined contribution workplace pension scheme. The charity’s liability to the scheme is restricted to the contributions disclosed in note 9, subject to the minimum legal requirement.

2 Legal status of the charity

The charity is a company limited by guarantee registered in England and Wales and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The registered office address is disclosed on page 1.

Income from donations and legacies

Donations
BJ Charitable Trust
KFC Foundation
Zedra Trust
Total
The Manchester Law
Society		 Unrestricted Restricted
£
£
37,026
-
2,000
15,000
-
-
-
5,000
-		 Unrestricted Restricted
£
£
37,026
-
2,000
15,000
-
-
-
5,000
-		 Total 2021
£
37,026
2,000
15,000
-
5,000		 Unrestricted
£
22,291
-
21,346
7,883
-		 Restricted
£
-
-
-
-
-		 Total 2020
£
22,291
-
21,346
7,883
-
59,026 - 59,026 51,520 - 51,520

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Greater Manchester Youth Network Ltd

3 Income from charitable activities

Notes to the accounts for the year ended 31 March 2021 (continued)

Grants
BBC Children in Need
Boom Salford CVS
Young Manchester
Earned income
Projekts Skate
Coop College
Garfield Western
MCC
Other earned income
Total
The Growth Company
Nat Lottery Com Fund
Dage Precision Indust
HMRC JRS scheme
Lloyds Foundation
Salford Foundation
Boom Salford Esmee F
Hidden talent GMCVO
Awards for All
UK Youth
Swire Charitable Trust
Trafford Care Leavers
NWYPDT
Workers Education
Association
Small amounts < £1k
Stockport Homes
Soil Association
Covid 19 response
Foundation Fibca
Princess Trust		 Unrestricted Restricted
£
£
-
42,861
-
9,997
-
-
-
39,784
-
40,282
-
62,182
-
23,426
-
4,995
50,500
500
52,058
-
9,463
24,667
-
113,683
-
-
-
24,895
-
6,667
4,755
-
-
-
-
37,002
-
18,998
77,370
13,074
2,589
-		 Unrestricted Restricted
£
£
-
42,861
-
9,997
-
-
-
39,784
-
40,282
-
62,182
-
23,426
-
4,995
50,500
500
52,058
-
9,463
24,667
-
113,683
-
-
-
24,895
-
6,667
4,755
-
-
-
-
37,002
-
18,998
77,370
13,074
2,589
-		 Total 2021
£
42,861
9,997
-
39,784
40,282
62,182
23,426
4,995
51,000
52,058
34,130
113,683
-
24,895
6,667
4,755
-
37,002
18,998
90,444
2,589		 Unrestricted
£
-
-
4,589
-
-
-
-
-
-
-
-
-
-
5,000
3,333
5,000
-
-
-
77,762
373		 Restricted
£
43,921
-
-
34,982
-
148,896
18,750
44,956
50,000
-
24,886
51,273
14,908
-
-
-
20,000
47,837
5,000
120,907
798		 Total 2020
£
43,921
-
4,589
34,982
-
148,896
18,750
44,956
50,000
-
24,886
51,273
14,908
5,000
3,333
5,000
20,000
47,837
5,000
198,669
1,171
196,735
8,598
42,000
700
13,560
-
2,551		 463,013
-
-
-
-
-
-		 659,748
-
8,598
42,000
700
13,560
-
2,551		 96,057
9,640
11,464
6,500
20,000
7,760
1,500
5,713		 627,114
-
-
-
-
-
-		 723,171
9,640
11,464
6,500
20,000
7,760
1,500
5,713
67,409 - 67,409 62,577 - 62,577
264,144 463,013 727,157 158,634 627,114 785,748

15

Doc ID: 9b9a921d4dc1a5e6c68c3622baeef1a0ee43fc03

Greater Manchester Youth Network Ltd

Notes to the accounts for the year ended 31 March 2021 (continued)

4 Fees and other income

Fees and other income
Other income
Other trading income
Fundraising
Investment income
Income from bank deposits		 Unrestricted Restricted
£
£
2,740
-
-
-
-
-		 2021
£
2,740
-
-		 Unrestricted
£
-
-
-		 Restricted
£
-
-
-		 2020
£
-
-
-
2,740 - 2,740 - - -
Unrestricted Restricted
£
£
212
-		 2021
£
212		 2020
£
236
212 - 212 236

All of the charity's investment income arises from money held in interest

5 Analysis of expenditure on raising funds

Analysis of expenditure on raising funds
Fundraising costs
Staff costs
Direct costs
Support costs		 Total 2021
£
24,381
34
-		 Total 2020
£
21,127
5,356
-
24,415 26,483

These amounts represent the cost of making grant applications and raising donations.

16

Doc ID: 9b9a921d4dc1a5e6c68c3622baeef1a0ee43fc03

Greater Manchester Youth Network Ltd

Notes to the accounts for the year ended 31 March 2021 (continued)

6 Analysis of expenditure on charitable activities

Direct costs
Staff costs
Project costs
Volunteer expenses
Travel & subsistence
Training and recruitment
Depreciation
Premises costs
Support costs
Telephone
Printing postage and stationery
General office costs
Advertising and promotion
Legal and professional
Governance costs
Staff costs
Accountancy legal and professional
Restricted expenditure
Unrestricted expenditure		 Total 2021
£
542,751
103,727
-
4,868
12,210
1,138
49,876
1,665
541
19,399
110
-
1,500		 Total 2020
£
473,814
124,612
394
9,441
5,822
2,445
46,528
959
345
16,434
376
-
1,400
737,785 682,570
2021
£
519,653
218,132		 2020
£
536,185
146,385
737,785 682,570

7 Net income/(expenditure) for the year

This is stated after charging/(crediting): 2021 2020
£ £
Depreciation 1,138 2,445
Independent examiner's remuneration
- accountancy 900 900
- independent examination 600 600

17

Doc ID: 9b9a921d4dc1a5e6c68c3622baeef1a0ee43fc03

Greater Manchester Youth Network Ltd

Notes to the accounts for the year ended 31 March 2021 (continued)

8 Staff costs

Staff costs during the year were as follows:

ff costs during the year were as follows:
Wages and salaries
Social security costs
Employers pension contributions
Sessional workers
HMRC overmayment in previous years		 2021
£
526,087
40,432
9,216
24,463
(19,104)		 2020
£
439,388
36,023
7,885
18,209
-
581,094 501,505

No employee has employee benefits in excess of £60,000 (2020: Nil).

The average number of staff employed during the period was 27 (2020: 29).

The average full time equivalent number of staff employed during the period was 18.59 (2020: 23).

The key management personnel of the charity comprise the trustees, the Chief Executive, the Operations Lead and the Programmes Manager. The total employee benefits of the key management personnel of the charity were £131,682 (2020: £122,436).

9 Trustee remuneration and expenses, and related party transactions

Neither the trustees nor any persons connected with them received any remuneration, reimbursed travel expense of £nil were paid during the year (2020: Nil).

Aggregate donations from related parties were £nil (2020: £nil).

There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.

No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity, including guarantees, during the year (2020: nil).

18

Doc ID: 9b9a921d4dc1a5e6c68c3622baeef1a0ee43fc03

Greater Manchester Youth Network Ltd

Notes to the accounts for the year ended 31 March 2021 (continued)

10 Government grants

The government grants recognised in the accounts were as follows:

HMRC JRS scheme 2021
£
40,282		 2020
£
-
40,282 -

There were no unfulfilled conditions and contingencies attaching to the grants.

11 Corporation tax

The charity is exempt from tax on income and gains falling within Chapter 3 of Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.

12 Fixed assets: tangible assets

Cost
Additions
Depreciation
Charge for the year
Net book value
At 1 April 2020
At 31 March 2021
At 31 March 2021
At 31 March 2020
At 1 April 2020
At 31 March 2021		 Fixtures,
& fittings
£
5,485
-		 £
35,810
Equipment		 £
41,295
-
Total
5,485 35,810 41,295
5,485
-		 34,672
1,138		 40,157
1,138
5,485 35,810 41,295
- - -
- 1,138 1,138

19

Doc ID: 9b9a921d4dc1a5e6c68c3622baeef1a0ee43fc03

Greater Manchester Youth Network Ltd

Notes to the accounts for the year ended 31 March 2021 (continued)

13 Debtors

Debtors
Trade debtors and grants receivable
Prepayments and other debtors		 2021
£
56,946
11,222		 2020
£
68,634
-
68,168 68,634

14 Creditors: amounts falling due within one year

Trade creditors
Taxation and social security costs
Accruals		 2021
£
23,915
-
1,500		 2020
£
5,217
11,980
1,500
25,415 18,697

15 Analysis of movements in restricted funds

Awards for All
BBC Children in Need - Boom
IWill SEND - Co-Op Foundation
NCS - Growth Company
Hidden Talent - GMCVO
Employability - NW Dev'nt Fund
Boom Salford - Esmee Fairburn
Boom Salford CVS
Lloyds Foundation - Boom
Princess Trust
Soil Association
Swire Charitable Trust
Trafford Care Leavers
Workers Education Association
Young Manchester
Adventure Fund
Health Action Champions
Social Action in Education
HMRC JRS
Transitions Manchester - National
Lottery Commuity Fund		 Balance at
1 April
2020
£
-
4,491
26,982
48,958
130
15,955
908
11,058
27,516
-
-
-
8,367
6,030
5,000
-
2,500
-
9,978
-
Income
£
9,997
42,861
39,784
62,182
23,426
113,683
-
500
4,995
24,667
24,895
6,667
-
37,002
18,998
-
13,074
-
40,282		 Expenditure
£
(1,666)
(47,352)
(26,891)
(109,456)
(23,556)
(100,236)
(908)
(15,023)
(32,511)
(25,273)
(12,446)
(6,667)
(8,367)
(37,971)
(23,998)
-
(6,537)
(513)
(40,282)		 Transfers
£
-
-
8,316
-
-
-
3,465
-
-
-
-
-
-
-
-
-
(3,465)		 Balance at
31 March
2021
£
8,331
-
39,875
10,000
-
29,402
-
-
-
(606)
12,449
-
-
5,061
-
2,500
6,537
6,000
-
167,873 463,013 (519,653) 8,316 119,549

20

Doc ID: 9b9a921d4dc1a5e6c68c3622baeef1a0ee43fc03

Greater Manchester Youth Network Ltd

Notes to the accounts for the year ended 31 March 2021 (continued)

16 Analysis of movements in restricted funds (continued)

BBC Children in Need - Boom
BBC CIN - Summer Holiday Prog
IWill SEND - Co-Op Foundation
NCS - Growth Company
Hidden Talent - GMCVO
Health Action Champions
Employability - NW Dev'nt Fund
Local sustainability fund
Boom Salford - Esmee Fairburn
Boom Box
Home Office
Boom Salford CVS
Lloyds Foundation - Boom
Swire Charitable Trust
Trafford Care Leavers
Workers Education Association
Young Manchester
Adventure Fund
Social Action in Education
Other small grants
Total
Previous reporting
period
Transitions Manchester - National		 Balance at
1 April
2019
£
10,391
-
-
-
6,250
-
-
-
-
25,003
-
-
24,952
10,348
-
-
-
-
-
-
Income
£
33,966
9,955
34,982
148,896
18,750
-
51,273
14,908
50,000
44,956
24,886
20,000
47,837
5,000
2,500
118,407
798		 Expenditure
£
(39,866)
(9,955)
(8,000)
(90,976)
(19,870)
(34,488)
(35,318)
(14,000)
(58,682)
(42,392)
(35,234)
(11,633)
(36,544)
-
-
(98,429)
(798)		 Transfers
£
-
-
(8,962)
(5,000)
34,488
-
-
-
(5,263)
-
-
-
-
(5,263)
-
-
(10,000)
-		 Balance at
31 March
2020
£
4,491
-
26,982
48,958
130
-
15,955
908
-
11,058
-
-
27,516
-
8,367
6,030
5,000
-
2,500
9,978
-
76,944 627,114 (536,185) - 167,873

The balances on restricted funds are all unexpended grants for the charity's projects. Transfers from restricted funds occur when capital items are purchased and this satisfies the restriction on the funding.

21

Doc ID: 9b9a921d4dc1a5e6c68c3622baeef1a0ee43fc03

Greater Manchester Youth Network Ltd

Notes to the accounts for the year ended 31 March 2021 (continued)

17 Analysis of movement in unrestricted funds

General fund
General fund
Previous reporting
period		 Balance
at 1 April
2020
£
102,760		 Income
£
326,122		 Expenditure
£
(242,547)		 Transfers
£
(8,316)		 As at 31
March
2021
£
178,019
102,760 326,122 (242,547) (8,316) 178,019
Balance
at 1 April
2019
£
65,238		 Income
£
210,390		 Expenditure
£
(172,868)		 Transfers
£
-		 As at 31
March
2020
£
102,760
65,238 210,390 (172,868) - 102,760

18 Analysis of net assets between funds

Tangible fixed assets
Net current assets/(liabilities)
Total		 General
fund
£
-
178,019		 Designated
funds
£
-
-		 Restricted
funds
£
-
119,549		 Total
£
-
297,568
178,019 - 119,549 297,568

19 Lease commitments

The charity had the following commitments under non-cancellable operating leases:

Land and buildings Equipment Equipment
2021 2020 2021 2020
£ £ £ £
Leases expiring in:
One year - - - -
Two to five years - - - -

22

Doc ID: 9b9a921d4dc1a5e6c68c3622baeef1a0ee43fc03

Greater Manchester Youth Network Ltd

Notes to the accounts for the year ended 31 March 2021 (continued)

20 Reconciliation of net movement in funds to net cash flow from operating activities

Net income/(expenditure) for the year
Adjustments for:
Depreciation charge
Loss/(profit) on sale of fixed assets
(Gains)/losses on investments
Dividends, interest and rents from investments
Decrease/(increase) in stock
Decrease/(increase) in debtors
Increase/(decrease) in creditors
Net cash provided by/(used in)		 2021
£
26,935
1,138
-
-
(212)
-
466
6,718		 2020
£
128,451
2,445
-
-
(236)
-
6,164
(16,529)
35,045 120,295

23

Doc ID: 9b9a921d4dc1a5e6c68c3622baeef1a0ee43fc03

Audit Trail

Title GMYN accounts for signing File Name G05 accounts draft 5 2021.pdf Document ID 9b9a921d4dc1a5e6c68c3622baeef1a0ee43fc03 Audit Trail Date Format MM / DD / YYYY Status Completed

07 / 29 / 2021 Sent for signature to Sam Palmer (sam.palmer76@gmail.com), 14:14:28 UTC Eric Stelfox (ericstelfox@gmail.com) and Paul Cowham (contact@pcowhamaccounts.com) from paul.cowham@gmail.com IP: 167.98.134.42 07 / 29 / 2021 Viewed by Sam Palmer (sam.palmer76@gmail.com) 14:28:15 UTC IP: 82.29.11.14 07 / 29 / 2021 Signed by Sam Palmer (sam.palmer76@gmail.com) 14:34:24 UTC IP: 82.29.11.14 07 / 30 / 2021 Viewed by Eric Stelfox (ericstelfox@gmail.com) 08:14:41 UTC IP: 81.97.198.95 07 / 30 / 2021 Signed by Eric Stelfox (ericstelfox@gmail.com) 08:15:11 UTC IP: 81.97.198.95

Audit Trail

Title GMYN accounts for signing File Name G05 accounts draft 5 2021.pdf Document ID 9b9a921d4dc1a5e6c68c3622baeef1a0ee43fc03 Audit Trail Date Format MM / DD / YYYY Status Completed

07 / 30 / 2021 Viewed by Paul Cowham (contact@pcowhamaccounts.com) 09:58:22 UTC IP: 92.22.100.207 07 / 30 / 2021 Signed by Paul Cowham (contact@pcowhamaccounts.com) 09:58:39 UTC IP: 92.22.100.207 07 / 30 / 2021 The document has been completed. 09:58:39 UTC