GREATER MANCHESTER YOUTH NEfwoRK LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 312023 GMYN 'ACIXAFIG* 2211212023 COMPANIES HOUSE A13 *242 #V-.gPeopleC3h Company numb•r 6130270 Charfty numbèr 1151897 GREATER MANCHESTER YOUTH NETWORK LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 312023 INDEX Administratwe infomiation Trustees. and Dirertors. annual report 2-10 1ndependent Auditorfs reFX)rt 11-14 Statement of financial acti￿treS 15 8alance sheet 16 Statemernt of cash flows 17 Notes to the financial statement5 18-30 GREATER MANCHESTER YOUTH NETWORK LIMITED ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED MARCH 312023 DIRE￿OR5 5 Palmer Ichairl M Spick (Vite Chairl E Steffom ITre35urerl l F¢yd S E Tongue 8 Lea¥ner S We5thead J M Harding A Taassob H Johnson S Morris E Vacca S Leighton Resigned 05103123 Resigned 31110123 Resigned ovoI123 Resigned 01105123 Appointed 05105123 Appointed 05105123 Appointed 05105123 Appointed 05105123 COMPANY SECRETARY A Fairweather KEY MANAGEMENT A Fairweaiher- Chief Exewtive F 5hidey- Head of Delivery A Webster- Head of Development REGISTERED OFFICE AND PRINCIPAL PLACE OF BU%NESS Greenfish Resource Centre 46-50 Oldham Street Manchester M4 ILE ACCOUNTANTS AND AUDITORS Third Sector ACco￿tancY Holyoake House Hanoverstreèt Manchester M60 OAS BANKERS rclays Bank plt Wilmslow Road Did5bury Manchester M20 6RN GREATER MANCHESTER YOUTH NEWWORK UMITEO TRUSTEES, AND DIRECTORS, ANNUAL REPORT FOR THE YEAR ENDED MARCH 312023 The trustees present their report and the audited linancial statements for the year ended 2023 Included within the trustees. reFK)rt 15 the dir¢rtors' report a5 required by tompany law. Reference and admini5tratNe inlormabon set out on page I forms part of rhis report. The financial statements complv with CUr￿nt statutory requirernents. the memorandum and articles of association ané the statement of Recommended Practice- Accountingand Reporting by Charities.. SORP applicable to tharitie5 preparing their accounts in accordance with FRS 102. OBJEcfivES AND AcnviTIES Chart¥ble oble¢ls The objectives of Greater Manthester Youth ￿e￿k are: TD advance in life and relieve the needs of ￿rte people through: lal the provision of recreational and leisure tlme aCtivrt￿S provided in the interest of social welfare. designed io improve their conditions of life: Ibl providing support and artivtties which develop their skills, capacities and capabilities to enable them to partiopate in Society a5 mature and re5Pgnsible indr¥iduals. Icl the provision of svpport to develop and womote the work of youth organisations. Our vision is #YoungPeopleCan Our mission is to enable young people to have a p05iti¥e impact on theif own li¥fes and the widÈr community. A£tivlties The charity prs)vides s*v•ral support activities that help bridge the eap between young people and where they tould be. This is through helpin8 them build key life skills. increasing their confidente. improvin8 their mental health and wellbein& and building a support n￿WOrk. on￿ these esseniial foundalions are in place. youn8 people have greatei 5tabilty and can start to look to the future. Our kèy focus is supporting young people ¥tho lace partkular ¢hallen8e5. indud4n8: Care leavers and cared for young people Youn8 people with social. emotional and rnental health need5 Disabled and neurodiverse young people Young refugee5 and ynaccornpanied asylum-seeknng childrèn Young people who are not ready for work The charity identified prlorities for the year indudin8 identi￿"n8 key perfoimance indicators. The followin8 areas were decided as priorities for Greater Manchester Youth Network- Increase our offer for disabled and neurodiverse young people. This included the d*veltspment of a new youth voice and training programrne to increase skills and cleare more opportunities for change. GREATER MANCHESTER YOUTH NETWORK LIMITED TRUSTEES. AND DIREcfoRS' ANNUAL REPORT FOR THE YEAR ENDED MARCH 312023 OBJECTIVES AND AcfivfllES (Continued) Create a GM wide programme to support Unaccompanied Asylum Seeker ChildreThlNew arriva15 IUASCI bv provision of variou5 development and wÈllbting f¢xussed activities in the different boroughs. Continue to grow our delivery supporting cared-foryoung people and care le￿er5. This includes supportin8 a younger age range of 10 upwards and launching new delivery in Bolton. Continue to develop our Youth Participation strategy. including creating More Opportunit￿eS foryoung people to become leaders and ensure ihe charrty provides a voice for youn6 people and that thi5 voice is heard. Expand our work readiness pro8rwTrrnes allowin8 the charity to support more young people find meaningful employment opportunities. Expanding and diversifying our income generation adNities. including devèlopine new partnerships and support n￿wOrkS. therefore enabling us to find new ways io increase unrestricted incorne. Investment into the ehariWs I￿ resouvtes in order to achieve the Cyber E5sentia15 Plus quality mark and ensure the or8ani5ation h35 the appropriate equipment to be able to delNer effecttvely. Review the charrf5 equality and diversity work and plan èn EDI audit to ensure the organisation bettef represents the varied needs of our beneficiaries. Update and stren8then chariV5 brand and commUnicat￿n$. intluding a foojs on promoting our progrnmmes and impact to a wider audience wa varws media. Conduct an external evaluation of GMYN'5 impact measurernent tools to strengthen our abil"rt¥ to review the drfference our delivery makes and alkjw us to better communicate our impact. Continued development of the charit￿$ Sale5force s￿tern IFidol ensurin8 all pro8rammes. impact measurement and sale8uartli08 reportine is improved. Continued development of the Yolrth Alliance Greater Manthe5ter. a partnership of oiganisations acros5 all sector5. working together io create new opportunrcies lor youn8 people. With an aim of gettinB fuhding to deliver activities and training. Public benefit The trustèes havè ieferred to the guidance contalned in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objettives and in plannin8 its future actNlties. In particular. the trustees tonsidtr how planned activities will contribute to the aims and objectives that have been set. GREATER MANCHESTER YOUTH NEfwoRK LIMITED TRUSTEES, AND DIREcfoRS' ANNUAL REPORT FOR THE YEAR ENDED MARCH 312023 ACfrIIEVEMENTS AND PERFORMANCE At Greater Manchester Yovth Netwo￿ IGMYNI. ￿r¥I$l0n is #Youngpeoplecan. and our 8oal is that young people ave safe, heard, and capable of Breat thin8S. GMYN sup￿rtSy0v￿ people aged 10-25 acrossGreater Manchester by offering innovaiive and exciting opportunities they may not be able to access elsewhere_ Our young person-centred approach pr¢)vide5 3 flexible 5UPPOrt offer so young people can opt to participate when needed. Young people receive tailored support to meet their short and lone-term needs. We continue to embed oursefves in local cornmunitie5 and work alongside the local autho¥lty. social workers, carers, partner organisations and schools to ensure £ohe5we. joined-up support. Our team. a group of skilled, exper￿nced, and passionate professionals. deltvers the pro8rammes and services we provide. All our staff bring expertise from key areas suth as Yo￿h work. volunteerin& irainin& teachin8, and lived experience. This brings a unique approach that o)ntinues to make GMYN the 5uttess it is. We have continued to grow and refine our varioLF5 5UPPOrt offersto further int￿a$e the options foi young people to be helped by the charity. In the last 12 months, we have sUPPOrted 795 young peoplé atross Gfeatei Manchester, including young people from the lollowin8 8roups.' Care leavers and cared for youn8 people Young people with social. eM￿lOnal and mentsl health needs Disabled and neurodiverse young peO￿e Youn8 refugees and unaccompanied a5ylum-seeking children Young people who are not ready for work We have grown our partnership work includine expansion into new borou8hs and working with new organisations. Our work developin8 the Youth Alliance Greater Manchester has seen some posilives results already and we are keen to expand GMYN'S role as a leadership charity- GMYN'S a¢tivities and support ¢¢ntinuÈ to provide publK benefit and meets Var￿U$ needs of youn8 people facing multiple disadvantaees. Suppwt4n8 young people f¥ln8 various challenge5 GMYN continues to deliver a variety of programmes and services which provide many drfferenl supportive offers. Our development and drop-in activities 5UPPOrt and enable dss3dvantaged young people io have a successfvl transition to adulthood. We have been able to offer independent life skills trainin& wellbeing and menta1 health activitie5and work readiness support. In all of these offers youn8 people choose their acti¥rt￿ and what they want to get involved In. Thi5 mean5 we remain flexible. youth-led and reSpOns￿e. Wellbelng and mental health programmes We have seen a big increase in the mental heafth needs foryoun8 people. In response we have increased the number of wellbeing and mental health pro8Tamme5 which provide emotional wellbeing support and social prescribing activities foryoun8 people. Our prograrnmes act as a key contributor to improvin8 young people's mental health and wellbeing. developing key 5ki115 and helping to build relationships. Yothh leadership This year we continued to develop our leadership programmes includingerowing our youth voice group. our disability chan8emakers group. and our Care Experienced Young People Ambassadors. These groups have been able to input into various GMYN objectives and work includin8 recruf(in8 Staff, (￿desIgnIng pro8rammes and evaluation5. This continues to be a priority for the cha¥itywith future plans including youth peer evaluations of all of our programrne5. GREATER MANCHESTER YOUTH NETWORK LIMITED TRUSTEES. AND DIRECTORS. ANNUAL REPORT FOR THE YEAR ENDED MARCH 312023 ACHIEVEMENTS AND PERFORIOANCE {co￿nued] Olsabled and neurodiver5eyoun8 people We havè created more youth leadershtp pro8ramme5 and support offers for young people with disabiltties. This includes travel trainin8 SllPPQrt and advocacy. We continued to work with the voluntary sector and local authority partners to look at the pro¥ision of support more widely_ This expanded work has now formed part of GMYN'S core services and will be developed as part of the new strategy to be launched in 2024. Care ￿¥verS and orÈd for young peoplè Due to the InC￿3$e in demand. we applied successfully for fvnding to delNer a new Unaccompanied Asylum Seeker ChildrenlNew arrivals IUASCI programrne for acros5 Greater Manchester. We are looking forward to 5eein8 how this programme is received as we know there is a real need for thi5 Sort of support. We have also been successful In recelving fundlng to launch a new care leavers programme in 8olton as well as a residential to take cared for young people awayto experience an overnight trip for the first time. Youth Alliance Greater Manchester As one ofihe lead organisations now delNeringthe Alliance. it hasbeen great to see thisErow and 83in fi&rther interest from across GM. With now over 150 partner5 joined from various sectors and Irom across GM. th*s ha5 shown there is real appetite to work tO8eiher and cdlat*yate on new ideasand opportunities. We have been able to access funding to resource getting a brnnd and a project sthedule. This has enabled us io plan new work and deliver support for the sector. Organisational developrnent We have continued to develop GMYN including continued investment into our bespoke salesforce system, that will allow u5 to rnea5ure our 4mpact much more robustly. We have improverl our Icr and Info security infrastructure set up which enabled us to be awarded the Cyber Essentials Plus quality standard. We registered for the Disability Confident quality mark and setup an EDI subgroup consisting of stafl and trustees. This will help us io continue our journeyof improvements and ensure GMYN is more inclusive. Incomegeneration It has been a hard yearandwe have had toadaptto secure different income. We were luckyto receive a largedonation thi5 year which really helped the charity and allowed u5 to Sustain delivery in certain boroughs_ 8ut we know we can't rely on this again. We have wofked with our external communicatbon5 company to further develDP the charity's kev messa8ing in order to really demonsirate the difference and impaci we make. This has enabled us to prepare to engage with new partners and more torttacts from the private sector. We know we need to coniinve to look forother iThcome 8eneration opportunities and ensure we are becomin8 les5 reliant on delivery grants in the future. FINANCIAL REVIEW rview The Charity has seen an increase in income of £170k117%1 to £1.179k this year. This increase is largely due to an InC￿ase in income from donations and leeacies of £187k1121%1 ro £835k. Two large one-off donations of £IOOk and £40k were received in the year. The charity had an overall defieit in the year of £6.9k12022= £3.7Kl, made up of deficit on unrestricted funds of £6k12022-. Surplus of £19KI and a surplus on restricted funds of £0.3k12022.. delicit 9123kl. Resebves Pollcy The 8oard of Trustees have set a reser¥es polFcywhich outlines GMYN'S commitment to build free reserves at a level which ensure5 that a fflinimum 3 fflonth5 01 GMYN'S core activity could continue during a period of unforeseen difficulty. GREATER MANCHESTER YOUTH NETWORK LIMITED TRUSTEES. AND DIREcfoRS' ANNUAL REPORT FOR THE YEAR ENDED MARCH 312023 FINANCIAL RewEW {Cortlnuedl We have based our projertions forthe appropriate arnount of re5er¥e5 we require on the basis that the reserves in our target range would provide short-temi until long-term solut￿}n$ can be established. This is con51Stent with 8eneral third sector practice. The charity has been working hard to increase leve15 of unrestricted reserves. which has been difficult with the current fundin8 environment. GMYN trustees and SMT are committed to ensure the charity maintsins ￿althY levels of reserves through- Fundraisin8 campaigns and in¢(tatNe aimed at boosting reser¥e5 levels. Specific 8rant/donation desi8nated lor ￿serveS purs)oses. GMYWS Reserves Polity 15 to be reviewed and updated at the beginning of eath financial year. When reviewing policy. Trustees and SMT shoulé consider any changes to GMYN financial kX)Sition and adjust reservè lè¥*15 target rf necessary. Whèn monitoring the levels of reserves the Board of Trustees will consider an appropriate strate8lC course of action should an excess or deficit occur. The organi5ation's total of free reserve5 lunre5trirted funds not invested in fixed assets orotherwise desi8natedl was £176.396 at the year*nd12022.. £182,584) a8ainst a tar8et of £2CQ.(YX) Risk mJna8ement The tfustees discuss risk at every board meeting including Teporting on any safeguarding. financial and health and safetyconcerns. These risks are recorded on the charl￿5 risk regi5terwhich is updated regularfy and use5a RAG ratin8 to help prioritise risks and ideniify appropriate mitigation_ This re8jSter is reviewed by trustees at board meetings to allow for discussion and ensures trustees are aware of any potential impact to the charity- Safe8uardin8 is always a priority. and the tnjstees are aware of any growing concerns by thè charity's Safeguarding Lèad. The charity has recently expanded its safe8uarding team io cope with rhe growing demand and need to protect our beneficiarie5, includinÉ new Specialisms in supporting unaccompanied asylum-5eeking children. The Iharity also continL¢es to prc+vide regular training to the entire ieam to eThsu￿ staft are informed and confident to deal with any concerns. This includes an annual away day with a safe8vardin8 focus as well as irainin8 provided to new trustees on the delivery of the charit¢5 programmes. This helps to provide insight into the level of safeguarding concerns the organisation deals with. Another risk facin8 the Charity is failing to meet its financial targets e5pecialfy for income generation from grants, charitable activilie5 and especially donations. The large donations we received this year mitigated ihese risks and enabled GMYN to continue deli¥erin8 aCllVltie5 and investing in the organi5ation as planned. The charity rnonitors income from all sources and continues io apply for grants from a diverse and extensive range of existing and potent¢al sources. The planned Tecruitment of an Incomeand Partnerships lead, 3 new role aims to help with generating income from new sources. The charity continues io review and update its wlicies and procedures annually to make sure thry are up to date and are suitable for ihe artivities the charity delNer5. This includes Heakh and Safety. Child Protection. Information Secufity and regular risk assessmenis ol attNi14es. Goinq con¢ern In common with other charitie5 of a 5imilzr size and type, the Chartty 15 reliant on continuou5 fundrai%n& irncjuding the submission of 8rant fundin8 applications, for its continued operation. The Directofs have rnot itleniified any specific matters affecting eoing concem and these accounts. GREATER MANCHESTER YOUTH NEfwoRK LIMITED TRUSTEES. AND DIRECTORS. ANNUAL REPORT FOR THE YEAR ENDED MARCH 312023 FUTURE PL4NS The charity is now in the final year of it$ 2021-2024 strate8ic plan. After a successful trial of new tlelivery themes such as L4isabilitVi 5VPPOrtin8 youn8er children a8ed 10.13 and work readiness pro8rammes, thi5 has helped the charity better prepare For new priorities and funding 5tream5. We are now preparing our next sirategy, ready to be launched in the Sprine of 2024. This is an excr(4n8 time for the chartty. and we are looking forward tts our new ideas and approaches. After a successful external evaluation of the charws services and 5UPPOrt prggramrnes. we have changed and improved oui irnpaLt measurement tools. This has provided u5 Wlth an DrganisatKJnal wide approach to measuring our delNery and ensuring we work to the same outcomes. This will help GMYN in the long term as we will be able to have a much more focused deltvery model which we can measure the impact much easier. The chariiy is well awaie that the change5 in funders priorities and reduced grants wll continue to have a detrimental impatt on future opw)rtunities. This is why we are planning to access different incomè generation platforms 5u¢h as sellin8 trabnin& en838ing the private 5ertor and seekin8 new fvnders that provide core grants. We will continue to diversify our income st¥earns and ensvre the charity Cofttinues be sustainable. We also wani to focus on GMYN becoming mort inclusive. Tr¥"s means an O￿anISatiOnal wide approach to our 80vernance, leadership, delivery and comrnunication5. We want to ensure that all young people feel vèlued and wekomed by GMYN and we see this as a prigrity going fon￿ard. Objectives These objective5 are taken from our strategic plan for 2021-2024 and continue the plans and deliverables for our final year. GMYN wll continue to prtsmote the key rre5sa8ethat #YoungPeopleCan and showcase the Fh)s((Ne impact of youn8 people by further developing ouryouth v04ce platfomis and celebrating young people's a¢hievÈments. SMYN will increase the number of innovative yourh programrnes and servi￿$ and the boroughs we deliver in to enable more youn8 people to have a positive impaa on their own lives and the Wh4er community. GMYN will grow its offer to SL¢PPOrt more dISab￿d and neurodiverse young people by increasing our pro8rammes and attivities. This includes 8ivin8 young people improved skn'lls and rnore oppgrtunity to speak ovt and be heard. Continue to test more pro8rammes for youn8 people under the age of 13 and expand into delivering other activits.es such a5 residentials and youth voice groups. Make ¢Jse of our netwo￿5 and the Youth Allian￿ to continue to work in partnership with other likeminded or8anisations to share our experience, resource5 and expert15e to deliver youth pfogrammes. Seek out a wide range of diverse income streams and new business models to effjuce income generation and increase irn unrestricted funding. Manage and minimise any ri5k5 With regards to delivery of progfammes and services. Support and develop the organisations workforce to ensure commitmeni. enthusiasm as well as high quality delivery. Ensure GMYN h35 appropriate lacilitie5 and funds to en5urÈ high qualty delivery and make best vse of charity resources. GREATER MANCHESTER YOUTH NETWORK LIMITED TRUSTEES. AND DIRECTORS, ANNUAL REPORT FOR THE YEAR ENDED MARCH 31 Z023 FUTIJRE PLANS IContTrnued) ObJÈctivts Icontlnuedl Ensure the trust?e board continues to provide suitable gwernance and support to the charity and expand ¢wr ambassador programme. GMYN'5 innovatwè services continue io offer excitin8 OP￿rtUnf(ieS and support that young people are not able to access elsewhere. Our youn8 person-centred approach provides a flexible support offer 50 young people can opt to participate when needed. Young people receive tailored support to meet their short and long-term needs. WÈ continue to 8row our offer5 of 5UPPOrt and deliver new proBrammes for different beneficiary groups. Our new impact measurement tools and processes will also ensure we can rneasure our impact and ensure that our delivery remains hlgh quality. With the continued £rowth. development and investment into the Youth Alliance GM. GMYN'S r()le as a leadership charity in the youth and play sector is being recognised. GMYN'S stratw"c work continues to grow, and is being acknowledged at a hi8h leve1. We wani to continve this role and help make thanges by engagin8 and influence stakeholders and 5houiing loud that #YoungPeopleCan. STRucfuRE GOVERNANCE AND MANAGEMENT Go¥erning docurnent The Charily is a company limited by 8varantee and r5 govemed 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 reB15tered as a charity with the Charity Commi55ion. having been registered with effea from May 3 2013. Members of ¢omparry and appointment of trustees Thetrustees and d1￿CtorS of the compary are thesame peoplt. collectivetyknown asthe Board or Board of Directors. The Board of 01￿ClOr5 may, at its d1suet￿n, admit to rnember5hip. subject to the restrictions the Articles= lal Any person who has an interest in and wh) is supportive ofthe objects ofthe company Ibl Any company, society, as5¢xiation orfirrn whether incorpoTrted or rKJt that is supportive of the objects of the company and that is based in or operates in the area of benefft. Upon admission to membership, a person or the representative of an organisatK)n is appointed a director tompanv and when they cease to be a membei alw cease to be a member ofthe 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 totsl number of mernbers of the Board of Directurs. The Trustees vrfho sefved ￿ring the year, Io8ether wrth any changes up tg the date of approving this rep)rt are listed on paee l. Trustee recrultment. Indu¢tlon and tralning The membership of the Board bs rev*wed annually by the board in a￿￿dance wf(h its 38reed procedures. Trustees are recruited for their Commitment and the skills and knowle¢Jge they can brin8 to the organisaiion. All trustees receive induction information and trainin8asappr¢priate trjtheir needs and there is an opportunity to acces5 ongoin8 training for personal development. GREATER MANCHESTER YOUTH NEnfiioRK LIMITED TRUSTEES. AND DIREcfoRS' ANNUAL REPORT FOR THE YEAR ENDED MARCH 312023 5TRUCWRE GOVERNANCE AND MANAGEMENT Icontlnuedl Reglster ot Interests Trustees are required to complete a form on appointment. which is updaie¢Y annualW, registering their interests, including the membership of other volvntary or8ani5ations. The Board procedures ensure that Trustees do noi partitipate in decisions in whith they have an interest. Organisatlon The 803rd. which rnu￿ not be less than six members Ibut ha5 no Up￿ limltl. administers the Chaiity and meets as necessary. The trustees are members ol the charity but this entitles thern onty to voting right5. The trustees have no beneficial interest in the charity. Managemeni The day to day management, including business undertakings and responsibilityfof deltvery ol the charity's business plans. Identifying and assessing strategit risks. issues and opportunities and takinE responsibility fr)r initiating and leading a550ciate(t changes. is undertaken by GMYN'S CEO and the Senior Mana8ement Team. Related part5es See note 12 within the finanual statements for details of related party transauions in the year and p￿edIng year. Co-operatlon wlth other oYg•nlsatlonsltharltles The charity is a partnership driven organisation. It ensures it works Strateg￿allY and collaboratively alon85ide simblar vouth bnfra5trurture organisations and thlivers progfammes in partn2r5hip with other youth organisations. The charity Is also an affiliated member of UK Youth, the national youth charity Pro￿ding activities and Strategic support to the voluntaryyouth settor. Remuneratlon policy for key managemert pwsonnel GMYN has a remuneration policy that States that all emp￿YeeS are paid in line with scales set by NJC and remuneration requests are reviewed and authorised byihe appropriate senior management and trustÈes. GMYN uses NJC scales to appropriately 8rade Salaries based on iheir role. responsibility and skills and expertise needed to delivèr. The de518nated amount to coverstaff remuneration is shown in the annual budget which is authorisetl bythe irustees. Any other discretionary p¥y increasesor bonuses are a150 authofi5ed by the trustee tjoard. TRUSTEES. RESPON￿BILITIEs IN RELATION TO THE FINANOALSTATEMEiirs The trustees (who are also directors of Greaier Manchester Youth Network Limited forthe purposes of Company lawl are re5pon5ible lor preparin8 the Tru5tees' Annual Report and the financial statements in accordance with applicable and United Kin8dom Accounting Standards Iunited Kingdom Generally Accepted Attountins Practicel. Company law requires the trustees to prepare financial statements for each financial year whlch eive a true and fair view of the state of affairs of the charitable group and of the incoming resources and application of resource5. includinqthe income and expenditu￿. of the charitable groupforthat period. In preparingthe5e financial statements, the trustees are required to.. • selert Su￿￿ble accounting policies and then apply them consistentlv,. observe the methods and principles in the Charities SORP 2015 IFRS 1021- make judgefflents and estimates that are reasonable and prudent.. • State whether applicable UK Accounting Standar¢Js have been fgifowed. subjert to any material departures disclosed and explained in the financial ststements", prepare the financial Statements on the going contem ba515 unless it ￿ Inappropriate to presume that the charitable company will continue in operation. GREATER MANCHESTER YOUTH NETWORK LIMITED TRUSTEES, AND DIRECTORS. ANNUAL REPORT FOR THE YEAR ENDED MARCH 312023 TRUSTEES, RESPONSIBILITIES IN RELATION TO ThE FINANaAL STATEMENTS Icontlnued) The trustees are responsible for keepin8 proper accountin8 ￿(Or￿S thai disclose with reasonable accurary at any time the financial position of the charitable group and enable them to ensure that the financial staiements comply with the Companies Att 2LX)6. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps forthe prevent￿￿ and detection of fraud and other irregularities. STATEMENT AS TO DISaOSURE TOOUR AUDITORS In 50 far as the trustees are aware.. There 15 no relevant audit information of which the charitable companrfs auditors are unaware The Iru5tees have tsken all step5 that they ought to hav? taken to make themselves aware of any relevant audit information an4Y to establish that the auditors are awère of that ¢nforrn3tion STATEMENT AS TO DISCLOSURETO OUR AUDITORS The trustees confirm that the financial Statements with current statutory reqLtirements. the requirements of the companws memorandum and artides of assooatton and the requirements ofthe Charities SORP IFRS 1021. AUDITORS Third Sector Accountancy Limited were appotnted as the charitable compary's autlit¢xs during the year and have expressed their willin8ness to continue in that capacity. The tru5tee5' annual report ha5 been approved bythe trustees on by and signed on their behalf S Palmer- Chalr of Trusteesl Dlrertor 10 Independent auditorfs report to the members of Greater Manchester Youth Network Oplnlon We have auditetl thefinancial statement5 of Greatermanchesteryouth Network Ithe tharit3ble company forthe year ended 31 March 2023 which compr15e the Statement of Financial Activities. the Balance Sheet. the Statement of Cash Flows and notes to the financial statements, including a summary ol significant accounting policies. The flnancial reporting framework that ha5 been applied in their preparation is applicable law and United Kingdom Accounting siandards. including Financial Fleponing Standard 102 The Finoncit71 Reporting Stondord opplicoble in the UK Jnd Republic ollrelandlunited Kingdom Gener311y Accepied Accounting Pratticel. In our opinion. the financial statements.. give a tiue and fair view of the stste gf the charitable company's affalts as at 31 March 2023 and of the incomin8 resources and application of resources, including its income and expenditure, for the year then ended.. have been property pre￿red in accordance with United Kingdom Generally Accepted Accountin8 Practice,. have been prepared in accordance with the ￿quIrementS of the Companie5 Art 2006. Basis for oplnion We condurted our audit in accordance with International St3ndard5 on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditorfs responsibilitie5 for the audit of the financial statements sect**n of our veport. We are independent of the chaliiable company in accordance with the ethical requirements that a￿ relevant to our audit of the financial statements in tht UK. including the FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilities in accordance with these reqvirements. We believe that the audit evidence we have obiained 15 Sufficient and appropriate to provide a basis for our opinion. Conduslons relat1￿ to golng concem In auditing thè finzncial statemènts. we have toneluded thar the tlTrectors' use of the going Con￿rn basis of accounting In the preparation of the financial statements is appropriate. Based on the work we have perforrr*d. we have not identified any material uncertaintie5 relating to events or conditions that. individually or collect￿ely. may c35t significant doubt on the charitable company's ability to continue as a going concem for a period of at least hvelve months from when the ftnanaal statÈments are authorised for issue. our respon5ibilitie5 and the respon5ibilitlÈs of the directors with respert to goin8 concern are described in the relevant sections of this report. oiher informatlon The other information comprises the information included in the trusteès. report. other than the financial statement5 and our auditorfs report thereon. The trustees are responsible for the other information. Our opinion on the financial statements dges not cover the other informatK)n and. èxcept to the extent otherwise explicitly stated in our report. we do not express any fom of assurance conclusion thereon. In connection with our audit of the financial statements. rèsponsibility is to read the oiher information and, in doing so, consider whether the other information 15 materially inconsistent wrf(h the financial statements or our knowledge obtained in the audit or otherwise appears to be materially rni5Stated. If we identify such material incon51Stencies or apparent rnaterial misstatements. we are required to determine whether there is a material misstatement in ihe financial sta￿rnents or a maerial misstatement of the other inforrnation. If, based on the work we havè pèrformed. wt tontSude that there is a material misstatement of this other infomiation, we are required to report that fatt. We have nothing io ieport in this ￿ard. li Independent auditorfs report to the members of Greater Manchester Youth Network Oplnlons on other matters prescrlbed by the Companles Art 2(#)6 In our opinion, based on the work undertsken in the course of the audit= the information given in the trustees. report. whith includes the directors. ￿pOrt p￿pared for the purpose5 Ot company law, for the financial year for which the financial Statements are prepared is consistent with the finantial Statements.. and the directors, report included within the trustee5' repjrt has been prepared in accordance with applicable legal requirements. Matters on wNch we are required to rEport by exception In the light of the k[￿wledge and understanding of thecharitable companyand its environment obtained in the course of the audit. we have not identified material misstatements in the dwector< report irKluded within the truste￿, report. We have nothin8 to report in respert of the following matters in relat￿n to which the Companies Act 2CI)6 requires us to report to you rf, in our opinion.. adequate and proper accounting records have ￿t been kept. or ￿turnS adequate for our audit have not been received from branches not visited by us,. or the financial statements are not irb agreement with the accounting record5 and returns.. or certain disck*sures of trustee5' remuneration specified by law are not made." or we have not received all the inforrnation and explanation5 we require for our audf(.' or the trustees were not entitled to prepare the financial ststements in accordance with the small companies regime and take advantage of the small companie5, exemption5 in preparing the trurtee5' rewrt and from the requirernent to prepare a strategic reporr. RÈspon51billtles of trustees As explained more fully in the trustees. respgn5ibilitie5 Statement set out on page 7. the iiustees (who are also directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied that they e4¥e a irue and fair view. and for such internal control a5 the Irustees determine is necessary to enable the preparation of financtal statements that are free from material mi55tatement. whether due to fraud or error. In preparing the financial statements. the trustees are responsible for assessing the charirable cornpanws ability to tontinue as a going concern. di5closin& as applicable. matters relaied to going concern and using ihe goin8 concern basis of accouniing unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistK alternative but to do so. Auditorfs responsibilities the a￿1￿1 of the financial statern*nts Our objectives are to obtain reasonable èssvrance about whether the financial staternents as a whole are free ffom material mi5Statement. whether due tg fraud or error. and to issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audii conducted in accordance with ISAS IUKI will always detect a material mi5Statement when it exists. Mi55tatements can arise from fraud or error and are considered material if, individually or in the ag8reRate, they could reasonab￿ be expected to influence the economic decisions of users taken on the basi5 of the￿ financial ststements. 12 Independent auditorfs report to the members of Greater Manchester Youth Network Audltoes rtsponsibtlldes for the audlt of the ffinarKlal statements Icontlnuedl Irre8ularities. including fraud. are instances of non-compliance vrrith laws and regulatrons. We de5iEn procedures in IFne with our responsibllities. Outlined ab)ve. to detect material misstatements in respect of irre8ularities, Indud￿ng fraud. The exlentto which our procedure5 are capable of detecting irfegularities. including fraud is detailed below. Capabllity of the audlt in dÈtert1￿ IrrryularltSes. In¢ludln8 fraud Based on our understanding of the charitable company and environment in which it operates. we identified the principal risks of non-compliance with laws and regulations related to pension legislation. tax le8islatiors. employynent legislation. health and safety legislation, and other legislation specific to the industry in which the charitable company operates, and we considered the extent to which non-compliance msght have a material effect on the financial statements. WÈ alsc* considerefl those laws and re£ulations that have a direct impact 0¢7 the preparation of the financial statements such as the Companies Act 2￿)6. the reporting requirements under the Charitles SORP and FRS102. and the Charities Att 2011. We evaluated mana8emenVs incenrwes ond Op￿)rtUnItIeS for fraudulent manipulation of thè financial statemènts lincludinR the risk of overrtde of controls). and determined that the principal risks were related to.. • Posting manual journal entrie5 to rnanipulate financial perfoman￿. and Management bias through judgements and assumptions in significant actounting estirnates and significant one-off or unusual transartions. Oui audit procedures were ¢Jesi£ned to respond io those identified risks. including non-compli3nce with law5 and regulations lirregularitiesl and fraud that are material to the financial statements. Our audit procedures included t￿t were not limrted to.. Compliance with laws and regulats"ons-. Discussions with management includin8 consideration of known or suspected instanees of non-compliance w¢th relevant laws and re£ulation5." Communicating identified laws and regulations throughout our engagement team and remaining alert to any indications of non-compliance throughout our audit.. Aeview minute5 of meetings for issues relating to non-compliance.. Reviewing both the de5iBn and implementation of key policies. includin8 safe8uardin& Review of correspondence with the re8vlaiors and with legal advisors- Material Fraud in the financial statements.. Makin8 enquiries of management and those charged with governance on whether thty had any knowledge of any actual. suspected or alleged fraud: Gaining an understandin8 of the internal controls established to miti8ate risks related to fraud; Discussing amongst the engagement team the risks of fraud.. Addressing the risks of fraud through management override of conirols by pertorming journal entry te5ting.' and • Challengin8 a$5vmptions and judgments made by fTtanagèment. including reviewing managemenvs reco8nition of income in line with FR5102 SORP. use of depreciation policies. treatment of re5trutturing costs in the year and the defined benefit pension liability and associated disc105ures.' There are inherent limitations in the audit procedu￿$ described above and the further removed non549 304.375 Tot*fwd5(•rrbJfw*4 214213 675 Is Greater Manchester Youth Network Company number 06130270 Balance sheet as at 31 March 2023 Note 2023 2022 Fixed assets Tangible assets 15 31,398 31,629 Total frAed assets 31.398 31,629 Current assets Debiors Cash at bank and in hand 16 42. 273,145 72,373 278,40J Totsl current assets 315.625 350.774 LiabIli￿e5 Creditors.. amounrs falling due in les5 than one year 17 152.4401 181.728} Net currert assets 263.185 269.046 Totsl assets less current Ilabdltles 294.583 3QO,675 Net a55et5 300.675 The fund5 of the chorrty.. Unrestricted fLtnds Resrritted income funds 19 18 207.794 86.789 214.213 86.462 Totsl chirkty fund5 294.583 300.675 These actounts are prepared in accordance with the special provisions of part 15 of the Companies Act 2(KJ6 relating to sm311 cornpanies and con511tute the annual 3ccount5 required by the Companies Act 2C¥J6 and are for irculation to members of the cornpanv. The notes on pages 18 to 30 form part of these accounts. Approved b the rustees on and ￿gned on th ir behalf by.. S Palmer (Chair of Trustees) E Stello¥ (Trustee/Treasurerl 16 Greater Manchester Youth Network Statement of Cash Flows for the yeai ending 31 March 2023 Note 2023 2022 Cash PTovlded byllused lftl oper3Yn8 acttNIJ 22 5393 53.061 Coshflowsfrom investiNFg Octivitrts.. Dividend5. interest. and ¥ents from investmenis urch35e of tan8ible Fixed assets 596 111.2451 24 129.4991 Cash p￿kI¢d byllused Inl Imiestln8 a¢tlvlU 110.6491 {29.475J CoshAlowsfromfinoncing octivities.- Repayment of borrowing Cash inflows from new borrowin8 Cash provided byllused inl financin8 actp41 Intrea5e/ldecieasel in cash and cash equivalents in the year 15.2561 23,586 Cash and cash equivalent5 ar the bewnningof the year 278.401 254.815 Cash and cash equTrvalents atthe end of the￿r 273,145 17 Greater Manthester Youth Network Notes to the accounts lor the year ended 31 March 2023 Accounting pol￿￿$ The principal accountin8 policies adopted. judgrnents and key sources of esiimation uncerrainty In the preparati￿ of the financial statements are as fdlows.. Bass of prepration The financial statements have been prepared in accordance wth Accounting and Reportin8 by Charities." Statement of Recommended Practice applicable io chariiie5 preparin8 thei¥ accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued in October 2019 - ICharitse5 SORP IFRS 1021, Ihe Financial REportin8 Standard ap￿iCable In the UK and Republic DI Ireland IFFiS 1021 and the Companies Act 2¢J)6. Greater Manchester Youth Neiwork meet5 the definition of a public benefit efliity under FRS102. Assets and liabilities are Fnitially recogniseé at historical cost or transattion value unless Otherwise stated in the relevant accounting policy note. The financi31 staternents are presented in sterling which is Ihe funuional currency of the charity and rounéed io ihe nearest £ sterling. b J￿gEments and est(mates The trumees have made no keyiudgments whth have a g£nifKant effert on the accounts. The trustee5 do not COn￿der that there are any sources of estimation uncertainty ai the reporting date thai have a significant risk of causing a material adjustrnent to the carry*rbg amount ol asseis and Ilabilities within the next reportiThg period. Preparation of the a¢a)urits LNI a 8oin8 Cortem basis The trustees considerthat there are no material uncertainties about the charrtable companvs ability ¢0 continue as a going concern_ 18 Greater Manchester Youth Network Notes to the attounts tor the year ended 31 March 2023 Icontlnuedl d Income Income 15 reco8ni5ed when the charity ha5 entitlement to the lunds. any perforrnance conditions attached to the iiemlsl of income have been met. it is probable that the income will be received and the arnount can be measured reliably. Income from govemmen¢ and orher grant5. 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 re113bly and is not deferred. Intomt received in advance of a pro¥i%on of a specifieil semce is deferred until the criteria lor income reco8nition are met. e L)onated se￿ceS and faclllties Oonated profe5sM)nal servi￿$ and donated facilities are recognised a5 incorne when the charity hès control over the item, any tonditions èssociated with the donated item have been met. the recwpt of economit benefit from the use by the charity of the irem is Probable and that economic benelii can be measured reliably. In accofdance vA¢h the Charities 50RP IFRS 1021. general volunteer time Is not reco8nised. On receipt, donated professional seThices and donated facilities arè recognised on the basis of rhe value of the gift io the charity which is the amounr the charity would have been willingio pay to obtairb services or facilities of equivalent econornic benefit on the open rnarket.. a corosponding amount is then reco8nised in expenditure In the period of receipt. f It7tefest feceivable Interest on fund5 held on deposit is irKlvde(I w￿n receivable and ihe amovnt can be mEa5ured rellab by the charity," this is normalty Upc￿ notification of the interest paid or payabl2 by the 8ank. 19 Greater Manchester Youth Network Notes to the accounts for the year ended 31 March 2023 Icontinued) Fund accouTrtln8 Unrestricted funds are available to spend on attiviiies that further any ol the purposes of charity. Designated funds are unrestricted funds of the charitywhith the trustees have decided at their d15cretion to set aside to use for a Specific purpose. Resrricred funds are donation5 which the donor has Specified alt to be 9Jely used for particular areas of the charl￿$ work of for specific projeus being undertaken by the charity. h Expenditure and Srrecmrable VAT Expenditure is recognised once the￿ is a legal or constwctive obligat￿n to make a payment to a third party, it is probatrde that settlement will be required and the amount of the obligation can be measured Irrecoverable VAT is charged as a cosi a8ainst the activity for wh*ch the expenditure was incurred. l Operétln8 lease5 Operating leases are leases in which the title to Ihe a$5ets. and the risks and rewards of ownership. rernain wth ihe lessor. Aenial charges are charged on a slrai8ht line basis over the term of ihe lease. l Tarwbte fixed assets Individual fixed assets costing £2SO or more lor such other level as may from time io time be agreed bv the trustees) are capita115ed at CO￿ and a￿ depreciated #over their estimated useful economic lives on a strai8ht line ba515 as follows-. Fixtures and fittings Eovipment 5-IOyears 3-10 years Greater Manchester Youth Network Notes to the accounts for the year ended 31 March 2023 (continued) k Debtors Trade and other debtors are reco8nised at the seiilement amount sjue after any trade discount offered. Prepayments are valued atthe amounr prepaid Thet of any trade discounrs due. I Cash at bank and in ￿nd Cash ai bank and cash in hand include5 cash and short term hi8hly liquid investments with a short maturity of th￿t months or less from ihe date of acquisiiion oropening of the deposit or ymilar account. Creditor5 and pr￿ls1or¢S Creditors and provision5 are reco8nised where the charity has a present obligation resU￿1n9 from a past event that will probably resu￿ in the transfer of funds to a third party and the èmount due to settle the obligation can be measured or estimated reliably. C￿dItorS and prO￿￿OnS are normally recognised at their setdement amount aftef allowin8 10¥ any trade discounts due. n FiThanclal in5tnJrrents The charify only has financial assets and financial liabilitie5 of a kn.nd thai qualify as basic finanual instruments. 8asic financial instruments are inilially reco8nised at transaction value and subsequently measured at iheir settlement value with the excepiion ol bank loans which are subsequenily measured at amorrised c05t lJ5ing the effective Interest method. o P•nsh)ns Employees of the charity ale entitled io join a defineil contribution 'money purchase. scheme. The chariVs coniribution is resiricted lo the contributions disclosed in note 11. There were no out5tandin8 conlributions at the year end. Legol status of the charity The charity is a company limrted by 8uarantee regi5rered 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 15 limited to £1 per member ol the chèiity. The repstered office addfess is disdosed on page l. 21 Iloiostothe•r(owttsftwtheywended 31 Marth 2023 Irontinuedl Tot* 2023 Re5tntttd ToM12022 32Stsg) Y2.WJ 1S4.818 Tth 325. 7.(W 342.699 IY.828 154.818 Totr12023 e5tYKttd ToEtt12022 GraDi Incomp tr4cted1 8.975 359.185 36&1EO 59.SJ5 223 397.369 456ts84 396.223 T*X 399.IB5 835.155 455038 39?.1$9 853.107 rtestfKted other4r￿0￿E JL 28& 4)1 tA)i Nu¢e5totheaccowtsfortheyear erbded 31 Mar£h 202310￿￿￿) T￿4 Restl￿d Tottt12022 24 24 2023 2022 431 431 CDn5ult3ncyfee& 7.740 L316 641 24.348 847 7.7 2.31S 8.641 Staftcosts tosts1seen¢te91 GavernaKpco5151seElW)te9 67.48$ 61.485 13.5 125.70J Ji? 82.117 Notes tothe aL¢Wbts fry the￿￿ended 31 2023 Irqthuedl rota12023 T(ts11022 staff co515 Plojettcosls PrO￿t5￿c￿Spe PioJettco5ts.. Partnerc05t PIoi¥ifyis vertu¢Hi¢e Pioipttc0515. Con5ultanry& ￿eSS￿￿41￿E￿5 Plojgrtthts Evaluthn Cosls Pi0jEttCo515 Tra¥el& MEeTiwts SuppDrtCOSt5lseeMte 91 GoverThaft¢¢￿sISe¢ 463 97.Ir4J 63.442 16431 11.087 67.615 13.791 It779 17.5fy) 1.354 37U73 358 292.4rf5 4584 IP59.U3 RestrKted eX￿lture Vrtitstlictedexpenditwe 37Sm8 683.585 l￿9.443 NDt￿tOthe4crow￿fOfthe year ended 31 Marth Z013 Icontlnued) stsIIc0515 staH.TTri￿fiI Staff.. Retruitmit Staff ENpenspS Agencvstaff Prem15e5C0515 Oépreoatson ITCu5ts 1TCosts Floo sub￿rIpt￿j￿S E¢yiwenT ènJrepa 24S.4S4 8.917 7.610 24S.454 &927 7.610 201564 10.321 4.339 Q078 Z03.56 10.221 4.339 &078 51055 11.476 25.146 51.0SS Jl.476 6.146 21.421 5L234 46?7 15.877 54334 15.877 9.482 1.955 L152 7.939 7.939 104J L18 Auditand attounts feÈs 5.2 397.221 950 5.? 311230 C¢#of raiyn8furtds Ewditufe oncharit**aclMEie5 147 4.433 25.195 J3 291445 J4.201 297.029 57L87J 397J21 .501 5.2 YJ123D Greater Manchester Youth Network Notes to the accounts for the year ended 31 Maich 2023 {continuedl 10 Net Incomellexpendtturel forthe year This 15 stated after chargin￿{creditIng)'. 2023 2022 Depreciation Auditor's rernuneration- audtt fees Auditor's remunerarion- accountancy fee5 11.476 4.677 1.680 1,680 li Staff tos stsff costs during the year We￿ as folkjws.. 2023 2022 Wages and salaries Social security costs Pension costs 724,855 60.39J 12.734 648.96CI 54.476 11,756 797.979 715.192 located as fdlows: Cost of r315ing funds Charitable acrivifies Support C05t5 88.641 463,884 245.4S4 67,485 444.143 203.564 797,979 715.192 23 Greater Manchester Youth Network Notes to the accounts for the year ended 31 March 2023 Icontinuedl 11 Staff costs Icontlnuedl No emp￿0vee5 has employee benefits (gross salary plus employer pension tontributionl in excess of £flJ.IXQ12022.. Nill. The average number of staff employed during the perroij was 3512022.. 321. The key management personnel of the charity comprise the trustee5. the Chief Execut￿e Officer. the Head of Developrnenl and the Head of Programmes. The total employee befielit5 of the key mana8ement personnel of rhe charity were £ISI.38112022.. £138.1741. Tr￿tee remunerat•)n and exper￿￿. and rejatrd p8rtytransKtK>r Ne*ther the tru5tee5 nor any persons connected with them re￿IVed any remuneration or reirnbursed expenses durin8 the year12022.. Nill. Aggregare donations from related parries were £nil12022-. £5(01. There are no donations from ￿lated parties which are ouwde the norrnal Course of business and no restricted donations from related parties. Alex Fairweather, the CEO. ès ￿lated to the sole director of Stomm Ltd (Cornpany number 075￿￿11. The charity incurred expenditure of £3.IAO12022..£3.5821 in ￿pecI of IT servKes provided by Stomm Ltd in the year. Apart from the above. no twstee or other person rdated ro the tharity had any personal Interest in any contract or transaction entered into by the Charity, includin8 gUaran￿e$. during theyear12022". nill. 13 Gowernment 8rants The government grants reco8nised in the accounts were as fdlow5= 2023 2022 CEYP Manchester- Lottery Community Fund lotiery Community Fund.. Awards for All Manchester City Council Y&P Fund Manchester City Countil.. Covid Grani 127.CQ9 io,(o) 6.163 104,6C 133.172 The were no unfulfilled condiligns and cL4itin8enues attachin8 to Ihe grants. 14 Corporation tax The chanty is exempt from tax Dn income and gains falling within Chapter 3 of Part 11 ol the Corporation Tax Act 2010 or Section 256 of the Taxation ol Char8eable Gèins Acr 1992 to the extent that these are applied to its charitable objects. No tax charges have ansen In the ch3rity. Greater Manchester Youth Net¥vork Notes to the actounts for the year ended 31 March 2023 (continued) IS Flxed assets.. tan81￿e assets Fixtuies & Fitiings Equipment roral Al l April 2022 Addition5 DiskKJsals 30,fX)J 10,023 37.069 11.245 1.222 At 31 March 2023 8.291 40,023 48.314 Oepreclaiion At l April 2022 Charge lor the year Disposals 248 1.357 5.192 10.119 5.440 11,476 Al 31 March"2023 1.605 15.311 16.916 Net book value At 31 March 2023 6,686 24.712 31.398 At31 Morch 2022 6.821 24.808 31,629 OunnB the year the charity acquired fixed assets at a cost of £nil12022". £17.fthl which were funded bv grant incorne which is included in the SOFA for the year. 16 Debtors 2023 2022 Trade debtors and grants ￿te1Vable Accrued Income Prepayments Other debtor5 19.6 19.133 3.687 33.613 28.773 8, 788 1.199 42.480 72.373 25 Greater Manchesier Youth Network Notes to the accounts for the year ended 31 March 20231continuedl 17 Creditcys.. amounts fall1￿ due one year 2023 2022 Trade creLlitors Accruals Deferred Incorne Icontracted incornel Taxation and social security costs Clawback of contract income Perns￿n li3bilitv 1.410 11,884 15,212 13.470 10,464 2,333 42.401 33.6L 4.330 164 52.440 81.728 Arta￿1$ of mcNèmentS in fèstrthd fvnds 8alance at I April 2022 Balance al 31 March 2023 Income Expendiivre Transfers BIB Ask Brook Young Peop Iwill SEND- Ctrop Foundaty ChÈnBÉmakers Publi£ Transport- Coop Foundation Trènsitions Manchester- National Lotterycomrnuniry Fund CEYP Salford112-151- Henrv Srnith 5alford CVS Booih Charit￿5- CE Salf¢rd CEYPTaffle5th- Charle5 Hayward Foundat CEYP TamesbJt- Henry Smith Found3bon CEYP Oldham & ￿ry- C￿ldren In Need B8C CIN 20.161 4.970 30.247 120.1611 110.9101 130.2471 5.940 34.957 110,9571 24.0(J) 12.C I76.f￿LIl 9.084 io,cxx) 36.8CO 136.7991 (lo,(￿) 15.2181 9,085 5.218 25.oc 114,5831 10,417 39.9CO 123.9501 19.950 40.758 140.7581 19.9551 9,955 20.0(X) Eric Wrght Charitable Trust Youth ￿lianCe 13.OLtI 4.017 29.040 14.0171 121,7031 I3.OC￿l I30.1￿) iio,oJ)I iio.ocoi SEN4H- Har8reaves Youth PallKipation MCC Y&P Fund 7.337 Awards for All Ml gall Re5identfdls 22 & 23 io.oth) 17,C 7.oc Totsl 86.462 376.185 1375.8581 86,789 26 Greater Manchester Youth Network Notes to the accounts for the year ended 31 March 2023 (continued) 18 Anatysis of w4ements in fE5trthd furKts (contin￿dI Comporotiveperiod Bolonce ot 31 Morch 2022 8alt7nce ot I April 2021 Income Expenditure Tronsfers AwordsforAII 8igAsk Young People B8CChJldren in Need- Nexi IWi11SEND- Ctrop Foundotit)n 8,331 f8.3311 129.636J 120) 142.731J 49.797 20.161 4.970 42. 731 39.875 29.402 30.204 127.[ 36.3LX7 15.( 139.832J 1144.411J 127.2J6J f5.CiXIJ 30.247 12,1) 9.084 10.1 Trun51tign5 Monthesrer- CÉYP5olfordf12-15I- Ilenry SulfordCVS Iloyds Fwrtdorion prin￿,5 Trust TrGffordCore Leovers worker5 EdutOliLinAssociotion Yovng Ivoncheste Advenrure Fund 16061 13.449 5.061 112.449J 117.395J 132.691J 12,334 32.691 (2.SC￿l HeGlth Adto Chompions sociolArt￿ in Educotion Holidoy PioJromft>e 58CCIN 6.537 13.075 {19.612J 16.(XX)I {wi 19.955J {18.598J (3.625) 9.955 18.598 3,625 DCMS Youih Investment Fund- orher- Generol Totol 109,549 397.269 1420,9621 86.462 NarM of r•strtcted fund Descrlption. n*ure and purpg¥e5 of th? furnl Big Ask Brook Young People Annual salary for programrne worker & consultancy costs Wellbeing sessions delivered by GMYN in Bury. I Will community 4)ace5- 5UPPOrting young people wr(h SEND Iwill SEND- Co-op Foundation Changemaker5 Public Transport- Coop Foundation Youth Advocacy projeci Greater Manchester Youth Network Notes to the accounts for the year ended 31 March 2023 (continued) 18 Analysls of movements in re5trKted fuThts Icontinuedl Name of restricted fund Descripti￿ naiure purposes ofthe fund Transition5 Manchester- National Lottery Ctsmtnunrty Fund To d￿￿tr a city-wide 3-year s￿131 action. life-skills development and mentoring programme that will directly support Care Experienced Young People ICEYPI aged 12- 25. Salary anc¢ on costs of a Programme Coordinator at a projett providing a range of development activitie5 for Care Experienced Young People in Salford. Greater Manchester. Wellbeing Matters CommunityAsset Fund 202ty22 Contribution towards programme rnanager'5 Salary. Programme for ￿n£ people with experience ol the care systern in Tameside. Three year5, salary and on costsof a Care Experience Empwèbilty Programme Coordinator ai a project designed to develop pre- employabiliry ski115 fo¥ care leavers in Tameside, Manchester. CEYP Salford112-151- Henry Srnith Salford CVS 800th Charities- CE Salford CEYP T?meside- Charles Hayward Foundation ceyp T3mesidtr Plenry Smith Foundation GIrtYN will continue to support LAC in &Jry and Oldhotn to positively emerge from the pandemic through en8agin8 them in fun and inspiring codesi8ned group activities and bespoke one to one supporr frorTr a rrusted youth worker enabling rhem to build healthv relationships. rfren8a£e ￿th 50cietyand Improve wellbeing. CEYP Oldham & 8ury- Children In Need BBC CIN Er￿ Wright Charitsble Trust Youth Aliance Hojiday Pro8ramme 8AC Children in Need Contribution towards costs of programme worker. Sertor support and capacity building SEMH- Hargreaves Actwe Cyclin8 progrnmme to svpport disadvantaged young people Youth Participat￿n- Souter Charitable Trust Youth engagemertt National Lottery.. Youth Active Voice Campaigns Youth Active Voice Campaign5 Youth and Playtraining and sector SUPFKIrt Manchester City Council Y&P Fund (Strategic Leadership) Ml Ball Limited- Residentials 2022 & Donation toTr•rdrds Costs of delivering Residentials in 2022 & 2023. 2023 28 Greater Manchester Youth Network Notes to the accounts for the year ended 31 Mar¢h 2023 Icontlnuedl 19 Anaty5is of movement In unrestrkred fvThls 8alance at i April 2022 Asai31 March 2023 Income Expenditure Transfers General fund 214.213 2.866 18(B,2851 207,794 214.213 2.866 I￿￿.285) 207,794 Bolonce ot l Apnl 2021 Asat31 Morth 2022 Inco Expenditure Tronsfers Generolfund 1941.826 610.968 (s￿.975} (s￿) 214,213 194.826 610.968 (s￿.975) (fthj 214,213 General fund The free re5er¥es after allowing for all deg8nated fund5 20 Analysls of net assets bet*Yen funds General fvnd Oesignated funds Restricied funds Total 2023 Tangible fixe(J a$5ets Net current assetsllliabilitiesl 31.398 176,396 31,398 263,185 86,789 Toral 207,794 86.789 294.583 Generol fund Designoted fvnds Restricted fvnds TotGI 2022 Tongiblefixedossets Net cuirent ossets/lltobili¢iesJ 3J,629 182.584 31,629 269.(M6 86.462 Totol 214.213 86,462 3W.675 29 Greater Manchester Youth Network Note5 to the a¢counts for the year ended 31 March 2023 (continued) 21 operati￿ lease cofflmitments The charity's total future minimum lease payments under non-cancellable operatin8 leases is as lollows Pfoperty Equipmeni 2023 3022 2023 2022 Less than one year One to five years Over five years 26.096 23.962 26.096 23.962 Re¢onciliation of net nmwement in fwKls to netcash flow from operatir¥ attr￿treS 2023 2022 Net Incomellexpenditurel fOrthe￿ar Adjustments for.. Depreciarion charge Dividends, Interest and ￿ntS Irom invesrments Oecrea5e/lincre3sel in debtors Increaselldecreasel in ueditors 16.0921 f3.7LXIJ 11,476 15961 29.893 129.2881 4.677 124) f4.205} 56.313 Net Cash prwded ￿lIuse0 Inl operating actknties 5.393 53.061 30