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2022-03-31-accounts

GREATER MANCHESTER YOUTH NETWORK LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR

THE YEAR ENDED MARCH 31 2022

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 2022

INDEX

Administrative information 1
Trustees’ and Directors’ annual report 2 – 7
Independent Auditor’s report 8 – 11
Statement of financial activities 12
Balance sheet 13
Statement of cash flows 14
Notes to the financial statements 15 – 30

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GREATER MANCHESTER YOUTH NETWORK LIMITED ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED MARCH 31 2022

CHARITY NUMBER 1151897
COMPANY NUMBER
6130270
TRUSTEES/DIRECTORS S Palmer (Chair)
M Spick (Vice Chair)
E Stelfox (Treasurer)
J M Harding (Resigned 01/01/23)
B Learner
S E Tongue
S Westhead (Appointed 01/07/21)
A Taassob (Resigned 01/05/22)
J Ford (Appointed 01/07/21)
COMPANY SECRETARY A Fairweather
KEY MANAGEMENT A Fairweather – Chief Executive
F Shirley – Head of Delivery
A Webster – Head of Development
REGISTERED OFFICE AND Greenfish Resource Centre
PRINCIPAL PLACE OF BUSINESS 46-50 Oldham Street
Manchester
M4 1LE
ACCOUNTANTS AND Third Sector Accountancy
AUDITORS Holyoake House
Hanover Street
Manchester
M60 0AS
BANKERS Barclays Bank plc
Wilmslow Road
Didsbury
Manchester M20 6RN

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GREATER MANCHESTER YOUTH NETWORK LIMITED TRUSTEES’ AND DIRECTORS’ ANNUAL REPORT FOR THE YEAR ENDED MARCH 31 2022

The trustees present their report and the audited financial statements for the year ended 2022 Included within the trustees’ report is the directors’ report as required by company law.

The directors or members of the board of the charitable company (the charity) are its trustees for the purpose of charity law. Throughout this report they are collectively referred to as the ‘trustees’.

Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102.

OBJECTIVES AND ACTIVITIES

Charitable objects

The objectives of Greater Manchester Youth Network (GMYN) are:

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

Our vision is #YoungPeopleCan

Our mission is to enable young people to have a positive impact on their own lives and the wider community

Activities

The charity continues to design and deliver core support programmes and services, focussed on positive and developmental opportunities to young people facing multiple challenges and disadvantages.

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

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GREATER MANCHESTER YOUTH NETWORK LIMITED TRUSTEES’ AND DIRECTORS’ ANNUAL REPORT FOR THE YEAR ENDED MARCH 31 2022

OBJECTIVES AND ACTIVITIES (Continued)

Public benefit

The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning its future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives that have been set.

COVID-19 Aftermath & Recovery Plan

GMYN has continued to adapt and respond well since the pandemic crisis, changing delivery, showing resilience and determination in our approach and effectively planning to ensure the charity can still deliver services at a high level. We have continued with the staff vaccination programme in line with policy, risk assessed all provision of programmes and services and ensured young people are kept safe.

We have been able to use learning to continue to adjust provision accordingly meaning we can plan for further challenges and ensure we can still meet demand. We have seen a continued increase in demand for our services as young people’s issues continue to grow and services reduce. 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. We need to ensure our delivery is flexible and maintains to be adaptable based on the environmental and external factors. The funding environment continues to change with funders priorities changing from crisis management to more focusing on helping with the aftermath and impact of the pandemic on young people’s health and wellbeing.

ACHIEVEMENTS AND PERFORMANCE

At GMYN, (Greater Manchester Youth Network), our vision is #YoungPeopleCan and we help young people in Greater Manchester overcome many challenges. We support young people aged 10 to 25 transition to adulthood feeling skilled, supported and positive. Many of these young people have had adverse experiences in their young lives. GMYN’s innovative services offer exciting opportunities and support that young people are not able to access elsewhere.

In the last 12 months, we have supported 826 young people across Greater Manchester, including 326 who are care experienced; 68 who have SEND (Special educational needs and disability ); and 241 who have SEMH (Social, Emotional & Mental Health) needs. In the next year, we expect our reach to increase further as we expand delivery into new boroughs.

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 included the continued development of a new partnership network (Youth Alliance GM) which is aiming to bring more organisations together to work more collaboratively.

GMYN’s activities and support continue to provide public benefit and meets various needs of young people facing multiple disadvantages.

Supporting young people facing disadvantage

GMYN continues to deliver innovative and exciting programmes and services, that support and enable disadvantaged young people to have a successful transition to adulthood. We have supported young people to achieve through empathetic, flexible, inclusive support. These activities are crucial and help young people develop new skills, build new friendships and feel valued. We see young people as important, influential parts of their communities and our support programmes have reflected this.

Care Experienced Youth Programmes.

We have been able to expand our provision for care experienced young people into new boroughs as well as expanding our preemployability and training programmes. This has allowed the charity to enhance its offer to reach much more young people. This continues to be our main area of delivery and support provision. In Manchester we saw a huge increase in demand this year to support Unaccompanied Asylum Seeker Children/New arrivals (UASC), which we were able to do by developing a new support offer including sport and social prescribing activities.

Youth Leadership

This year we developed our youth voice/leadership work, ensuring we provided various platforms for young people to influence and lead GMYN. This enabled GMYN to develop our leadership programmes including our Leadership group, Changemakers SEND group, Care Experienced Young People Ambassadors and our Peer Evaluation Youth Panel. Our work with young people with SEND/SEMH continues to grow so we have now created a new role to support this, ensuring more young people have the ability to be heard.

Young People with special educational needs and disabilities (SEND)

This has been an area of growth for the charity with the expansion of various programmes to support young people with SEND. This includes the development of new youth leadership programmes, independent travel training support, and working with voluntary sector and local authority partnerships to look at the provision of support more widely. This year we created a new core role for the charity “SEND Lead” which brought new support and expertise to GMYN and will allow us to further develop our offer.

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GREATER MANCHESTER YOUTH NETWORK LIMITED TRUSTEES’ AND DIRECTORS’ ANNUAL REPORT FOR THE YEAR ENDED MARCH 31 2022 ACHIEVEMENTS AND PERFORMANCE (Continued)

Youth Volunteering/Social Action

GMYN delivered the NCS (national citizen service) programme in Manchester successfully this year including winning the award for team of the Season, an amazing achievement for the charity. Although the COVID pandemic continued to impact the programme we surpassed our targets for both Summer and Autumn. We continue to embed volunteering and social action throughout our other programmes including the development of new social prescribing activities and campaigning platforms for our youth leadership groups.

Youth Alliance Greater Manchester

As one of the lead organisations supporting the development and formation of this partnership, it has been great that this new alliance is continuing to grow and gain support. With now over 140 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. Our aim now is to seek core funding to allow the Alliance to deliver projects and support services.

Income generation

We have been successful this year in being able to access new funding from different sources which helped provide vital resources for the charity. As well as this we have been able to further develop the charity’s key messaging in order to really demonstrate the difference and impact we make. This has enabled us to apply for successful core and delivery grants from new funders such as Swire Foundation, Esmée Fairbairn and the Charles Hayward Foundation. Unrestricted funding will continue to be a main priority for us, with new fundraising ideas being developed to enable GMYN to move away from delivery grants and be much more sustainable.

Organisational development

We have continued to develop GMYN as an organisation, especially since we have seen an increase in growth that meant we needed to ensure GMYN was ready for further growth in the future. Further developments have included the investment into our bespoke salesforce system, that will allow us to measure our impact much more robustly. Investment in our ICT and Infosec infrastructure set us up to be able to achieve the Cyber Essentials Plus quality standard. Our youth participation principles have helped us to create further opportunities for young people to be involved with the strategy and running of GMYN, including working with the trustees, supporting staff recruitment and helping to design and evaluate our programmes.

FINANCIAL REVIEW

Overview

The charity has seen an increase in income this year of 219k (28%) to £1,008k. With turnover now over £1 million the charity has needed to prepare for this with regards to improved systems and processes, in anticipation of the audit and greater reporting requirements. The increase in income is largely in respect of increases in income from charitable activities which has been driven by increases in unrestricted contract income, including the NCS contract of £162k (2021: £62k).

The charity had an overall deficit in the year of £3.7k, which has resulted in a decrease in the overall net assets from £304k to £301k. The overall deficit in the year is made up of a surplus on unrestricted funds of £19k and a deficit of £23k on restricted funds. The surplus on unrestricted funds for the year of 2022 represents 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. Whilst the deficit on restricted funds has been driven by the fact that restricted funds brought forward have been spent in the year.

Reserves Policy

The Board of Trustees have set a reserves policy which requires free reserves to be 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 charity has been working hard to increase levels of unrestricted reserves, which has been difficult with the current funding environment.

The organisation’s total of free reserves (unrestricted funds not invested in fixed assets or otherwise designated) was £182,600 at the year end against a target of £200,000

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

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GREATER MANCHESTER YOUTH NETWORK LIMITED TRUSTEES’ AND DIRECTORS’ ANNUAL REPORT FOR THE YEAR ENDED MARCH 31 2022 PRINCIPAL RISKS AND UNCERTAINTIES

The trustee board discusses risk management at every board meeting to ensure the charity has appropriate measures in place to identify and mitigate various risks. The charity has updated its policies and procedures to make sure they are up to date and are suitable for the activities the charity delivers. This includes Health and Safety, Child Protection, Information Security and regular risk assessments of activities. The charity has various processes in place and has allocated additional resources in management and operations this year to ensure risks are minimised for both staff and young people. The trustees hold an annual away day where they review principal risks and any uncertainties the charity will face in the coming year. These risks are recorded on the charity’s risk register which is updated regularly and uses a RAG rating to help prioritise risks and appropriate mitigation. This register is reviewed by trustees at board meetings to allow for discussion and ensures trustees are aware of any potential impact to the charity.

GMYN uses programme reports to monitor performance against contracted targets for programme delivery and has recently invested in a new salesforce system to provide a more accurate monitoring process. The board also receives quarterly management accounts to monitor income/expenditure in line with the annual budget as well as monitoring cash flow. SMT reports to each board meeting on any health and safety and safeguarding concerns. Safeguarding is always a priority, and the trustees are aware that the number of safeguarding concerns has increased due to the nature of the charity’s work and its growth in the number of vulnerable young people being supported. The charity ensures all delivery staff receive the appropriate safeguarding training and has allocated the role of designated safeguarding lead to three managers.

Another risk facing the Charity is failing to meet its financial targets especially for income generation from grants, charitable activities and especially 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. The recruitment of two new fundraising posts was decided to help mitigate this risk and also the need to invest in the organisation's communication tools to help get more interest from corporate supporters.

FUTURE PLANS

The charity is now in the second year of its new strategic plan for 2021-2024 and is preparing for an external evaluation of the charity’s services and support programmes. This will allow us to plan much more efficiently and have a clear focus on where our strengths lie and where we should focus our resources. The evaluation will allow an external perspective of our delivery models and measurement systems, giving an honest review of where we are strong and where we can improve. We look forward to seeing the results of this work.

Although the charity has done well financially this year and seen growth in income considering the current climate, this has been the result of good planning and working hard to diversify funding streams. The charity is well aware that the impact of COVID-19 and changes in funding priorities will continue to have a detrimental impact on future opportunities and needs to be prepared.

Our continued aim is to diversify our income streams including looking at training and evaluation services, 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.

Objectives

These objectives are taken from our three-year strategic plan for 2021-2024 and continue the plans and deliverables from our second year going forward.

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GREATER MANCHESTER YOUTH NETWORK LIMITED

TRUSTEES’ AND DIRECTORS’ ANNUAL REPORT FOR THE YEAR ENDED MARCH 31 2022

GMYN’s innovative services offer exciting opportunities and support that young people are not able to access elsewhere. GMYN’s delivery of programmes and support services 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 ensures young people are safe, heard and capable of great things.

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

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.

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 trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.

Management

The day to day management, including business undertakings and responsibility for delivery of the charity’s business plans, Identifying and assessing strategic risks, issues and opportunities and taking responsibility for initiating and leading associated changes, is undertaken by GMYN’s CEO and the Senior Management Team.

Related parties

See note 12 within the financial statements for details of related party transactions in the year and preceding year.

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GREATER MANCHESTER YOUTH NETWORK LIMITED TRUSTEES’ AND DIRECTORS’ ANNUAL REPORT FOR THE YEAR ENDED MARCH 31 2022

Cooperation 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 also an affiliated member of UK Youth, the national youth charity providing activities and strategic support to the voluntary youth sector.

Remuneration policy for key management personnel

GMYN has a remuneration policy that states that all employees are paid in line with scales set by NJC and remuneration requests are reviewed and authorised by the appropriate senior management and trustees. GMYN uses NJC scales to appropriately grade salaries based on their role, responsibility and skills and expertise needed to deliver. The designated amount to cover staff remuneration is shown in the annual budget which is authorised by the trustees. Any other discretionary pay increases or bonuses are also authorised by the trustee board.

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 group and of the incoming resources and application of resources, including the income and expenditure, of the charitable group for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable group 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.

STATEMENT AS TO DISCLOSURE TO OUR AUDITORS

In so far as the trustees are aware:

There is no relevant audit information of which the charitable company’s auditors are unaware

The trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

COMPLIANCE WITH ACCOUNTING STANDARDS

The trustees confirm that the financial statements comply with current statutory requirements, the requirements of the company’s memorandum and articles of association and the requirements of the Charities SORP (FRS 102).

AUDITORS

Third Sector Accountancy Limited were appointed as the charitable company's auditors during the year and have expressed their willingness to continue in that capacity.

The trustees’ annual report has been approved by the trustees on and signed on their behalf by 25 January 2023

S Palmer - Chair of Trustees/ Director

26 / 01 / 2023

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Independent auditor’s report to the members of Greater Manchester Youth Network

Opinion

We have audited the financial statements of Greater Manchester Youth Network (the charitable company for the year ended 31 March 2022 which comprise the Statement of Financial Ac�vi�es, the Balance Sheet, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accoun�ng policies. The financial repor�ng framework that has been applied in their prepara�on is applicable law and United Kingdom Accoun�ng Standards, including Financial Repor�ng Standard 102 The Financial Repor�ng Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accoun�ng Prac�ce).

In our opinion, the financial statements:

• give a true and fair view of the state of the charitable company’s affairs as at 31 March 2022 and of the incoming resources and applica�on of resources, including its income and expenditure, for the year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accoun�ng Prac�ce; • have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with Interna�onal Standards on Audi�ng (UK) (ISAs (UK)) and applicable law. Our responsibili�es under those standards are further described in the Auditor’s responsibili�es for the audit of the financial statements sec�on of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibili�es in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions rela�ng to going concern

In audi�ng the financial statements, we have concluded that the directors’ use of the going concern basis of accoun�ng in the prepara�on of the financial statements is appropriate.

Based on the work we have performed, we have not iden�fied any material uncertain�es rela�ng to events or condi�ons that, individually or collec�vely, may cast significant doubt on the charitable company's ability to con�nue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibili�es and the responsibili�es of the directors with respect to going concern are described in the relevant sec�ons of this report.

Other informa�on

The other informa�on comprises the informa�on included in the trustees’ report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other informa�on. Our opinion on the financial statements does not cover the other informa�on and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connec�on with our audit of the financial statements, our responsibility is to read the other informa�on and, in doing so, consider whether the other informa�on is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we iden�fy such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other informa�on. If, based on the work we have performed, we conclude that there is a material misstatement of this other informa�on, we are required to report that fact.

We have nothing to report in this regard.

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Independent auditor’s report to the members of Greater Manchester Youth Network

Opinions on other ma�ers prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

• the informa�on given in the trustees’ report, which includes the directors’ report prepared for the purposes of company law, for the financial year for which the financial statements are prepared is consistent with the financial statements; and

• the directors’ report included within the trustees’ report has been prepared in accordance with applicable legal requirements.

Ma�ers on which we are required to report by excep�on

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not iden�fied material misstatements in the directors’ report included within the trustees’ report.

We have nothing to report in respect of the following ma�ers in rela�on to which the Companies Act 2006 require ~~s~~ us to report to you if, in our opinion:

• the trustees were not en�tled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies’ exemp�ons in preparing the trustees’ report and from the requirement to prepare a strategic report.

Responsibili�es of trustees

As explained more fully in the trustees’ responsibili�es statement set out on page 7, the trustees (who are also directors of the charitable company for the purposes of company law) are responsible for the prepara�on of the financial statements and for being sa�sfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the prepara�on of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to con�nue as a going concern, disclosing, as applicable, ma�ers related to going concern and using the going concern basis of accoun�ng unless the trustees either intend to liquidate the charitable company or to cease opera�ons, or have no realis�c alterna�ve but to do so.

Other ma�er

The corresponding figures were not audited.

Auditor’s responsibili�es for the audit of the financial statements

Our objec�ves are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the

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Independent auditor’s report to the members of Greater Manchester Youth Network

Auditor’s responsibili�es for the audit of the financial statements (con�nued)

Irregulari�es, including fraud, are instances of non-compliance with laws and regula�ons. We design procedures in line with our responsibili�es, outlined above, to detect material misstatements in respect of irregulari�es, including fraud. The extent to which our procedures are capable of detec�ng irregulari�es, including fraud is detailed below.

Capability of the audit in detec�ng irregulari�es, including fraud

Based on our understanding of the charitable company and environment in which it operates, we iden�fied the principal risks of non-compliance with laws and regula�ons related to pension legisla�on, tax legisla�on, employment legisla�on, health and safety legisla�on, and other legisla�on specific to the industry in which the charitable company operates, and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regula�ons that have a direct impact on the prepara�on of the financial statements such as the Companies Act 2006, the repor�ng requirements under the Chari�es SORP and FRS102, and the Chari�es Act 2011.

We evaluated management’s incen�ves and opportuni�es for fraudulent manipula�on of the financial statements (including the risk of override of controls), and determined that the principal risks were related to:

Our audit procedures were designed to respond to those iden�fied risks, including non-compliance with laws and regula�ons (irregulari�es) and fraud that are material to the financial statements. Our audit procedures included but were not limited to:

Compliance with laws and regula�ons:

There are inherent limita�ons in the audit procedures described above and the further removed non-compliance with laws and regula�ons is from the events and transac�ons reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detec�ng a material misstatement due to fraud is higher than the risk

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Independent auditor’s report to the members of Greater Manchester Youth Network

of not detec�ng one resul�ng from error, as fraud may involve deliberate concealment by, for example, forgery or inten�onal misrepresenta�ons, or through collusion.

A further descrip�on of our responsibili�es for the audit of the financial statements is located on the Financial Repor�ng Council’s website at www.frc.org.uk/auditorsresponsibili�es. This descrip�on forms part of our auditor’s report.

Use of the audit report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those ma�ers we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permi�ed by law, we do not accept or assume responsibility to anyone other than the charitable company and, the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Patrick Morrello (Senior Statutory Auditor)

For and on behalf of Third Sector Accountancy Limited, Statutory Auditor Holyoake House Hanover Street Manchester M60 0AS

Date 26 / 01 / 2023

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Greater Manchester Youth Network

Statement of Financial Activities

(including Income and Expenditure account) for the year ended 31 March 2022

----- Start of picture text -----
As re-stated
Unrestricted Restricted Total funds Unrestricted Restricted Total funds
funds funds 2022 funds funds 2021
Note £ £ £ £ £ £
Income from:
Donations and legacies 3 43,655 - 43,655 59,026 - 59,026
Charitable activities 4 567,001 397,269 964,270 326,326 400,831 727,157
Other trading activities 5 288 - 288 2,740 - 2,740
Investments 6 24 - 24 212 - 212
Total income 610,968 397,269 1,008,237 388,304 400,831 789,135
Expenditure on:
Raising funds 7 431 - 431 24,415 - 24,415
Charitable activities 8 590,544 420,962 1,011,506 320,781 410,197 730,978
Total expenditure 590,975 420,962 1,011,937 345,196 410,197 755,393
Net income/(expenditure) for the year
10 19,993 (23,693) (3,700) 43,108 (9,366) 33,742
Transfer between funds (606) 606 - - - -
Net movement in funds for the year 19,387 (23,087) (3,700) 43,108 (9,366) 33,742
Reconciliation of funds
Total funds brought forward 194,826 109,549 304,375 151,718 118,915 270,633
Total funds carried forward 214,213 86,462 300,675 194,826 109,549 304,375
----- End of picture text -----

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 Company number 06130270

Balance sheet as at 31 March 2022

----- Start of picture text -----
As re-stated
Note 2022 2021
£ £ £ £
Fixed assets
Tangible assets 15 31,629 6,807
Total fixed assets 31,629 6,807
Current assets
Debtors 16 72,373 68,168
Cash at bank and in hand 278,401 254,815
Total current assets 350,774 322,983
Liabilities
Creditors: amounts falling
due in less than one year 17 (81,728) (25,415)
Net current assets 269,046 297,568
Total assets less current liabilities 300,675 304,375
Net assets 300,675 304,375
The funds of the charity:
Unrestricted funds 19 214,213 194,826
Restricted income funds 18 86,462 109,549
Total charity funds 300,675 304,375
----- End of picture text -----

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 15 to 30 form part of these accounts.

Approved by the trustees on and signed on their behalf by:25 January 2023

S Palmer (Chair of Trustees)

E Stelfox (Trustee/ Treasurer)

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Statement of Cash Flows for the year ending 31 March 2022

----- Start of picture text -----
Note 2022 2021
£ £
Cash provided by/(used in) operating activities 22 53,061 40,714
Cash flows from investing activities:
Dividends, interest, and rents from investments 24 212
Purchase of tangible fixed assets (29,499) (5,669)
Cash provided by/(used in) investing activities (29,475) (5,457)
Cash flows from financing activities:
Repayment of borrowing - -
Cash inflows from new borrowing - -
Cash provided by/(used in) financing activities - -
Increase/(decrease) in cash and cash
equivalents in the year 23,586 35,257
Cash and cash equivalents at the beginning of the year 254,815 219,558
Cash and cash equivalents at the end of the year 278,401 254,815
----- End of picture text -----

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Greater Manchester Youth Network

Notes to the accounts for the year ended 31 March 2022

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) issued in October 2019 - (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 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.

The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £ sterling.

b Judgments and estimates

The trustees have made no key judgments 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.

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

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Greater Manchester Youth Network

Notes to the accounts for the year ended 31 March 2022 (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

Notes to the accounts for the year ended 31 March 2022 (continued)

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.

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 £500 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 5-10 years
Equipment 3-10 years

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Greater Manchester Youth Network

Notes to the accounts for the year ended 31 March 2022 (continued)

k 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.

l 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.

m 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.

n 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.

o Pensions

Employees of the charity are entitled to join a defined contribution ‘money purchase’ scheme. The charity’s contribution is restricted to the contributions disclosed in note 11. There were no outstanding contributions at the year end.

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.

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Greater Manchester Youth Network

Notes to the accounts for the year ended 31 March 2022 (continued)

onations
avid Roberts
aul Hamlyn Foundation:Nordson Grant
J Charitable Trust
FC Foundation
edra Trust

o
t
a
l
n
c
o
m
e
f
r
o
m
c
h
a
r
i
t
a
b
l
e
a
c
t
i
v
i
t
i
e
s
ore
Grants
Earned Income
are Experienced
Grants
Earned Income
ocial Action & Volunteering
Grants
Earned Income		 Unrestricted
£
15,429
23,226
5,000
-
-
-
43,655
Unrestricted
£
42,148
23,211
66,130
35,300
-
263,882		 Restricted
£
-
-
-
-
-
-
-
Restricted
£
72,010
-
233,148
30,215		 Total 2022
£
15,429
23,226
5,000
-
-
-
43,655
Total 2022
£
114,158
23,211
299,278
35,300
30,215
263,882		 Unrestricted
£
37,026
-
-
2,000
15,000
5,000
59,026
Unrestricted
£
175,865
48,195
-
-
-
62,182		 Restricted
£
-
-
-
-
-
-
-
Restricted
£
56,660
223,435
-
47,741
-
A
s
r
e
-
s
t
a
t
e
d		 Total 2021
£
37,026
-
-
2,000
15,000
5,000
59,026
Total 2021
£
232,525
48,195
223,435
-
47,741
62,182

4 Income from charitable activities

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Greater Manchester Youth Network

Notes to the accounts for the year ended 31 March 2022 (continued)

4 Income from charitable activities (continued)

Youth Leadership
Grants
Earned Income
Employability
Grants
Earned Income
Sector Support & Capacity Build
Grants
Earned Income
T
o
t
a
l
5
I
n
c
o
m
e
f
r
o
m
o
t
h
e
r
t
r
a
d
i
n
g
a
c
t
i
v
i
t
i
e
s
Other Income
6
I
n
v
e
s
t
m
e
n
t
i
n
c
o
m
e
Income from bank deposits		 32,500
37,380
-
16,500
30,000
19,950
567,001
Unrestricted
£
288
288
Unrestricted
£
24
24		 29,205
-
32,691
-
-
-
397,269
Restricted
£
-
-
Restricted
£
-
-		 61,705
37,380
32,691
16,500
30,000
19,950
964,270
Total 2022
£
288
288
Total 2022
£
24
24		 35
17,549
-
-
22,500
326,326
Unrestricted
£
2,740
2,740
Unrestricted
£
212
212		 46,497
-
18,998
7,500
400,831
Restricted
£
-
-
Restricted
£
-
-		 46,532
17,549
18,998
-
30,000
-
727,157
Total 2021
£
2,740
2,740
Total 2021
£
212
212

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Greater Manchester Youth Network

Notes to the accounts for the year ended 31 March 2022 (continued)

----- Start of picture text -----
7 Cost of raising funds
Unrestricted Restricted 2022 Unrestricted Restricted 2021
£ £ £ £ £ £
Staff costs - - - 24,381 - 24,381
Direct costs - - - 34 - 34
Advertising & promotion 431 431 - - -
431 - 431 24,415 - 24,415
8 Analysis of expenditure on charitable activities As re-stated
Total 2022 Total 2021
£ £
Staff costs 715,192 537,362
Project costs: Project specific spend 97,160 67,598
Project costs: Partner cost 63,442 37,768
Project Costs: Venue Hire 16,431 1,145
Project costs: Consultancy & professional fees 11,087 6,814
Project Costs: Evaluation Costs 170 2,000
Project Costs: Travel & Meeting Costs 358 908
Support costs (see note 9) 102,386 75,883
Governance costs (see note 5,280 1,500
1,011,506 730,978
----- End of picture text -----

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Greater Manchester Youth Network

Notes to the accounts for the year ended 31 March 2022 (continued)

----- Start of picture text -----
8 Analysis of expenditure on charitable activities (continued) As re-stated
Total 2022 Total 2021
£ £
Restricted expenditure 420,962 410,197
Unrestricted expenditure 590,544 320,781
1,011,506 730,978
9 Analysis of governance and support costs
As re-stated
Support Governance Total 2022 Support Governance Total 2021
£ £ £ £ £ £
Staff: Training and recruitment 14,560 - 14,560 1,480 - 1,480
Staff: Travel & subsistence 6,078 6,078 4,868 - 4,868
Premises Costs 51,224 - 51,224 49,876 - 49,876
Depreciation 4,677 - 4,677 1,900 - 1,900
General office costs 25,847 - 25,847 12,369 - 12,369
Accountancy contractor fees - - - 5,390 - 5,390
Audit & accountancy costs - 5,280 5,280 - 1,500 1,500
102,386 5,280 107,666 75,883 1,500 77,383
----- End of picture text -----

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Greater Manchester Youth Network

Notes to the accounts for the year ended 31 March 2022 (continued)

10 Net income/(expenditure) for the year

----- Start of picture text -----
As re-stated
This is stated after charging/(crediting): 2022 2021
£ £
Depreciation 4,677 1,900
Auditor's remuneration - audit fees 3,600 -
Auditor's remuneration - accountancy fees 1,680 -
Independent examiner's fee - 1,500
Staff coststaff costsaff costsff costsf costs costsostsststss
Staff costs during the year were as follows: As re-stated
2022 2021
£ £
Wages and salaries 648,960 512,095
Social security costs 54,476 40,432
Pension costs 11,756 9,216
715,192 561,743
Allocated as follows:
Cost of raising funds - 24,381
Charitable activities 715,192 537,362
715,192 561,743
----- End of picture text -----

11 Staff coststaff costsaff costsff costsf costs costsostsststss

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Greater Manchester Youth Network

Notes to the accounts for the year ended 31 March 2022 (continued)

11 Staff costs (continued)

No employees has employee benefits (gross salary plus employer pension contribution) in excess of £60,000 (2021: Nil).

The average number of staff employed during the period was 32 (2021: 27).

The key management personnel of the charity comprise the trustees and the Chief Executive Officer., the Head of Development and the Head of Programmes. The total employee benefits of the key management personnel of the charity were £138,174 (2021: £122,436).

12 Trustee remuneration and expenses, and related party transactions

Neither the trustees nor any persons connected with them received any remuneration or reimbursed expenses during the year (2021: Nil).

Aggregate donations from related parties were £500 (2021: £nil).

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

Alex Fairweather, the CEO, is related to the sole director of Stomm Ltd (Company number 07590501). The charity incurred expenditure of £3,582 (2021:£3,520) in respect of IT services provided by Stomm Ltd in the year.

Apart from the above, 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 (2021: nil).

13 Government grants

The government grants recognised in the accounts were as follows:

HMRC JRS scheme
Manchester City Council: Covid Grant		 2022
£
-
6,163
-		 2021
£
40,282
-
40,282

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

14 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.

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Notes to the accounts for the year ended 31 March 2022 (continued)

----- Start of picture text -----
15 Fixed assets: tangible assets As re-stated
Fixtures
Equipment Total
& Fittings
Cost £ £ £
At 1 April 2021 5,485 43,380 48,865
Additions 7,069 22,430 29,499
Disposals (5,485) (35,810) (41,295)
At 31 March 2022 7,069 30,000 37,069
Depreciation
At 1 April 2021 5,485 36,573 42,058
Charge for the year 248 4,429 4,677
Disposals (5,485) (35,810) (41,295)
At 31 March 2022 248 5,192 5,440
Net book value
At 31 March 2022 6,821 24,808 31,629
At 31 March 2021 - 6,807 6,807
----- End of picture text -----

During the year the charity acquired fixed assets at a cost of £17,606 (2021: £3,173) which were funded by grant income which is included in the SOFA for the year.

16 Debtors

ade debtors and grants receivable
crued Income
epayments
her debtors		 2022
£
33,613
28,773
8,788
1,199
72,373		 2021
£
42,947
13,999
4,498
6,724
68,168

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Greater Manchester Youth Network

Notes to the accounts for the year ended 31 March 2022 (continued)

17 Creditors: amounts falling due within one year

----- Start of picture text -----
2022 2021
£ £
Trade creditors 2,333 23,751
Accruals 42,401 1,500
Deferred income (contracted income) 32,600 -
Taxation and social security costs 4,230 -
Pension liability 164 164
81,728 25,415
----- End of picture text -----

18 Analysis of movements in restricted funds

As re-stated

Total
CEYP Salford (12-15) - Henry
mith
alford CVS
loyds Foundation
Prince's Trust
oung Manchester
Holiday Programme
BBC CIN
Awards for All
Big Ask
Brook Young People
BBC Children in Need - Next
teps Grant
Will SEND - Co-Op Foundation
ransitions Manchester -
National Lottery Community
und
rafford Care Leavers
Workers Education Association
Social Action in
Education
Adventure Fund
Health Action Champions
DCMS Youth Investment Fund -
CIN
Other- General		 Balance a
April 202
£
8,3
39,8
29,4
(6
12,4
5,0
2,5
6,5
6,0
109,5		 t 1
1
Income
£
31
-
-
49,797
-
4,990
-
42,731
75
30,204
02
127,009
-
36,300
-
15,000
06)
-
49
-
61
12,334
-
32,691
00
-
37
13,075
00
-
-
960
-
9,955
-
18,598
-
3,625
49
397,269		 Expenditure
£
(8,331)
(29,636)
(20)
(42,731)
(39,832)
(144,411)
(27,216)
(5,000)
-
(12,449)
(17,395)
(32,691)
(2,500)
(19,612)
(6,000)
(960)
(9,955)
(18,598)
(3,625)
(420,962)		 Transfers
£
-
-
-
-
-
-
-
-
606
-
-
-
-
-
-
-
-
-
-
606		 Balance at 31
March 2022
£
-
20,161
4,970
-
30,247
12,000
9,084
10,000
-
-
-
-
-
-
-
-
-
-
-
-
86,462

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Greater Manchester Youth Network

Notes to the accounts for the year ended 31 March 2022 (continued)

18 Analysis of movements in restricted funds (continued)

----- Start of picture text -----
Comparative period As re-stated
Balance at
Balance at 1 31 March
April 2020 Income Expenditure Transfers 2021
£ £ £ £ £
Awards for All - 9,997 (1,666) - 8,331
BBC Children in Need- BOOM 4,491 42,861 (47,352) - -
IWill SEND - Co-Op Foundation 26,982 39,784 (26,891) - 39,875
Hidden Talent - GMCVO 130 23,426 (23,556) - -
Transitions Manchester -
National Lottery Community
Fund 15,955 113,683 (100,236) - 29,402
Employability - NW Dev'nt Fund 908 - (908) - -
Boom Salford - Esmee Fairburn 11,058 500 (15,023) 3,465 -
Boom Salford CVS 27,516 4,995 (32,511) - -
Lloyds Foundation - Boom - 24,667 (25,273) - (606)
Princess Trust - 24,895 (12,446) - 12,449
Soil Association - 6,667 (6,667) - -
Swire Charitable Trust 8,367 - (8,367) - -
Trafford Care Leavers 6,030 37,002 (37,971) - 5,061
Workers Education Association 5,000 18,998 (23,998) - -
Young Manchester - -
Adventure Fund 2,500 - - - 2,500
Health Action
Champions - 13,074 (6,537) - 6,537
Social Action in
Education 9,978 - (513) (3,465) 6,000
HMRC JRS - 40,282 (40,282) - -
Total 118,915 400,831 (410,197) - 109,549
----- End of picture text -----

Name of restricted fund Awards for All Big Ask

Brook Young People

BBC Children in Need Next Steps Grant IWill SEND - Co-Op Foundation

Transitions Manchester - National Lottery Community Fund

Description, nature and purposes of the fund

Contribution towards SEND programme - staff and activities costs. Annual salary for programme worker & consultancy costs Wellbeing sessions delivered by GMYN in Bury.

BBC Children in Need's Covid-19 Next Steps Programme

I Will community spaces- supporting young people with SEND to deliver a city-wide 3-year social action, life-skills development and mentoring programme that will directly support Care Experienced Young People (CEYP)

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Notes to the accounts for the year ended 31 March 2022 (continued)

Name of Description, nature and purposes of the fund restricted fund

salary and on costs of a Programme Coordinator at a project providing a range of development activities for Care Experienced Young People in Salford, Greater Manchester.

CEYP Salford (12-15) - Henry Smith

Salford CVS

Wellbeing Matters Community Asset Fund 2021/22 CEYP Tameside - Prince's Trust CEYP Trafford Care Leavers - THT Care Experience Programme - Bury

Prince's Trust CEYP Tameside - Prince's Trust Trafford Care Leavers CEYP Trafford Care Leavers - THT Workers Education Association Care Experience Programme - Bury Young Manchester Adventure Fund The Adventure Fund 2019-20 Health Action Champions MHCC Thrive Fund 2020-22 Social Action in Education Youth and Play Fund 2018 - Support Looked After Children with summer holiday activities. It will BBC CIN increase friendships, increase their sense of community, and provide fun.

Purchase of equipment on behalf of young people to improve their wellbeing, enhance programmes and give them a comfortable youth space as designed by them.

DCMS Youth Investment Fund - CIN

19 Analysis of movement in unrestricted funds

As re-stated

eral fund
















d		 Balance at 1
April 2021
£
194,826
194,826
Balance at
1 April 2020
£
151,718
151,718
The free reserv		 Income
Expenditure
Transfers
£
£
£
610,968
(590,975)
(606)
610,968
(590,975)
(606)
Income
Expenditure
Transfers
£
£
£
388,304
(345,196)
-
388,304
(345,196)
-
es after allowing for all designated funds
A
s
r
e
-
s
t
a
t
e
d		 As at 31
March 2022
£
214,213
214,213
As at 31
March 2021
£
194,826
194,826
eral fund
eral fund

o
m
p
a
r
a
t
i
v
e
p
e
r
i
o

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Notes to the accounts for the year ended 31 March 2022 (continued)

----- Start of picture text -----
General Designated Restricted
fund funds funds Total 2022
£ £ £ £
Tangible fixed assets 31,629 - - 31,629
Net current assets/(liabilities) 182,584 - 86,462 269,046
Total 214,213 - 86,462 300,675
Comparative period As re-stated
General Designated Restricted
fund funds funds Total 2021
£ £ £ £
Tangible fixed assets 6,807 - - 6,807
Net current assets/(liabilities) 188,019 - 109,549 297,568
Total 194,826 - 109,549 304,375
----- End of picture text -----

21 Operating lease commitments

The charity's total future minimum lease payments under non-cancellable operating leases is as follows

s than one year
e to five years
er five years		 2022
2021
£
£
23,962
-
-
-
-
-
23,962
-
Property		 2022
2021
£
£
-
-
-
-
-
-
-
-
Equipment

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Notes to the accounts for the year ended 31 March 2022 (continued)

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

----- Start of picture text -----
As re-stated
2022 2021
£ £
Net income/(expenditure) for the year (3,700) 33,742
Adjustments for:
Depreciation charge 4,677 -
Dividends, interest and rents from investments (24) (212)
Decrease/(increase) in debtors (4,205) 466
Increase/(decrease) in creditors 56,313 6,718
Net cash provided by/(used in) operating activities 53,061 40,714
23 Prior period adjustment
Unrestricted Restricted
funds funds Total
£ £ £
Funds brought forward as previously stated (1 April
2021
178,019 119,549 297,568
Fixed Assets
Capitalisation of assets incorrectly expensed 6807 - 6,807
FRS102 (Charity SORP) income recognition
NCS Income 10,000 (10,000) -
Funds brought forward as restated (1 April 2021) 194,826 109,549 304,375
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Fixed Assets

A prior period adjustment in respect of assets purchased in the 19/20 and 20/21 financial years which were expensed in the SOFA despite being eligible for capitalisation under the charity's fixed asset accounting policy has been made.

FRS102 (Charity SORP) income recognition

Income under the NCS contract had previously been recognised as a restricted grant. A prior period adjustment has been posted to account for the income as unrestricted.

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