GREATER MANCHESTER YOUTH NETWORK LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2025
Company number 6130270 Charity number 1151897 . | ;, ' | Doc ID: 0102009c61fa03326602743376a78c89f67f12a9
GREATER MANCHESTER YOUTH NETWORK LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2025
||INDEX|
|---|---|
|Administrative information|1|
|Trustees’ and Directors’ annual report|2 – 9|
|Independent Auditor’s report|10 - 13|
|Statement of financial activities|14|
|Balance sheet|15|
|Statement of cash flows|16|
|Notes to the financial statements|17 - 29|
Doc ID: 0102009c61fa03326602743376a78c89f67f12a9
GREATER MANCHESTER YOUTH NETWORK LIMITED ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED MARCH 31 2025
|**DIRECTORS**|L McDaid-Jones (Chair)|
|---|---|
||S Leighton (Vice Chair)|
||E Stelfox (Treasurer)|
||S E Tongue|
||E Vacca|
||S Morris|
||J Ford Resigned 25/09/25|
||E Abbott Resigned 25/09/25|
|**COMPANY SECRETARY**|A Fairweather|
|**KEY MANAGEMENT**|A Fairweather – Chief Executive|
||F Shirley – Head of People & Culture|
||J Campbell – Head of Business Development|
||E Davies – Head of Delivery|
|**REGISTERED OFFICE AND**|Greenfish Resource Centre|
|**PRINCIPAL PLACE OF BUSINESS**|46-50 Oldham Street|
||Manchester|
||M4 1LE|
|**ACCOUNTANTS AND**|Third Sector Accountancy Limited|
|**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 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2025
The trustees present their report and the audited financial statements for the year ended March 31[st] 2025, Included within the trustees’ report is the directors’ report as required by company law.
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**
## **Chartable objects**
The objectives of Greater Manchester Youth Network are:
To advance in life and relieve the needs of young people through:
- (a) the provision of recreational and leisure time activities provided in the interest of social welfare, designed to improve their conditions of life;
- (b) providing support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals.
- (c) the provision of support to develop and promote the work of youth organisations.
Our vision is #YoungPeopleCan
Our mission is to enable young people to have a positive impact on their own lives and the wider community.
## **Our values**
At GMYN, **inclusivity** , **empathy** , and being **youth friendly** is the lens in which we operate. We want to go above and beyond and feel that our values demonstrate this:
- We have **compassion** , creating a supportive and nurturing environment where everyone part of GMYN can thrive and feel valued.
- **Fun** is at the heart of GMYN, making every experience enjoyable and engaging.
- Throughout GMYN, **creativity** shapes everything we do, ensuring innovative programmes and inclusive activities that engage and inspire.
- With **courage** at our core, GMYN strives to create transformative change, fearlessly innovating and advocating for young people.
- Continuous **learning** is core to what we do ensuring we reflect, adapt, and evolve to better meet the needs of the young people we support
## **Activities**
Greater Manchester Youth Network (GMYN) is a Charity based in Greater Manchester who believe that #YoungPeopleCan. Through the delivery of more than twenty individual leadership and development programmes, we help young people (YP) aged 1025 to transition into adulthood feeling skilled, supported and positive. Our central base is in Manchester City Centre, but we provide support across all of Greater Manchester, We support on average each year up to 800 young people through a variety of impactful projects and services.
Since 2007 we have positively impacted the lives of more than 14,000 individual young people, many of whom face significant and overlapping challenges in their daily lives, working primarily with:
- Care-experienced young people and care leavers who often lack stability, resilience and access to opportunities.
- Unaccompanied asylum-seeking children who are rebuilding their lives after unimaginable trauma and displacement.
- Disabled and neurodiverse young people seeking genuine inclusion and opportunity.
- Young people with social, emotional, and mental health needs requiring trauma-informed support and someone who believes in them.
- Young People not yet ready for work who need flexible, nurturing pathways to independence.
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## GREATER MANCHESTER YOUTH NETWORK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2025
Our developmental programmes and drop-in activities help young people to strengthen social connections, improve wellbeing, increase confidence, develop skills and have a say on issues that matter to them.
The charity identified priorities for the year including identifying key performance indicators. The following areas were decided as priorities for Greater Manchester Youth Network:
- Launch our new strategic plan for 2024-27 showing our plans and objectives for the next three years including our delivery plans and our role as a leadership charity.
- Launch our new company values which we will embed through the entire organisation, ensuring all our staff, volunteers and young people can embrace the charity’s culture and ethos.
- Continue to grow as a lead charity supporting cared-for young people and care leavers, providing more development opportunities as well as looking at changing systems and creating positive change.
- Develop and refine our core offers to support young people into work, enabling the charity to shape its own core work readiness programmes and deliver them across Greater Manchester.
- Continue to grow and refine our offer for disabled and neurodiverse young people, including delivering more youth voice groups and opportunities for young people to make change across different boroughs of Greater Manchester.
- Grow our youth voice work in line with the Lundy Model of Participation, enabling us to provide a platform for change for young people who face significant challenges in life.
- Continued development of the charity’s Salesforce system (Fido) and outcomes measurement framework, ensuring all programmes, impact measurement and safeguarding reporting is improved.
- Expanding our corporate partnerships and identifying new fundraising activities, incorporating these into our delivery plans providing more opportunities for partner organisations to support GMYN and diversify our income streams.
- Continue to develop our strategy on inclusivity, diversity, equity and access (IDEA), ensuring the organisation provides a fully inclusive and safe space for everyone.
- Develop a social value strategy with clear objectives to focus on our environmental impact and protect our future beneficiaries.
- Continued development of the Youth Alliance Greater Manchester, a partnership of organisations across all sectors, working together to create new opportunities for young people. With an aim of expanding our support offer and membership.
## **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.
## **ACHIEVEMENTS AND PERFORMANCE**
Greater Manchester Youth Network (GMYN) has been supporting and empowering young people for over 18 years, delivering a variety of innovative programmes for 10–25-year-olds across Greater Manchester. Our unique approach, as outlined below, makes GMYN the success it is:
- **A Young Person-Centred Approach:** We provide a flexible and tailored support offer, ensuring young people can opt to participate when needed and receive support that meets their short- and long-term needs.
- **Cohesive, Joined-Up Support:** We embed ourselves in local communities, working closely with local authorities, social workers, carers, and partner organisations to ensure young people receive a holistic and seamless support package.
- **Building Skills and Confidence:** We bridge the gap between young people and their potential by helping them build key life skills, increasing their confidence, improving their mental health and wellbeing, and establishing a strong, lasting support network.
- **Expert and Passionate Team:** Our staff is composed of skilled, experienced, and passionate professionals who bring expertise from key areas such as youth work, volunteering, training, teaching, and lived experience.
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## GREATER MANCHESTER YOUTH NETWORK LIMITED
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2025
- **Long-Term Consistency:** We are dedicated to providing the consistent, long-term support that young people need and deserve, which is often difficult to find elsewhere.
Our asset-based approach is evidenced based and centres on fostering positive relationships between young people and GMYN staff. We have adopted the Lundy Model of Participation as the basis to harness youth voice ensuring it is the driving force across the whole organisation.
GMYN’s activities and support continue to provide public benefit and meets various needs of young people facing multiple disadvantages.
## **Supporting young people facing multiple disadvantage**
GMYN delivers a variety of innovative leadership and development programmes for young people aged 10 to 25 to help them successfully transition to adulthood feeling skilled, supported, and positive. We continue to offer independent life skills training, dedicated wellbeing and mental health activities, and work readiness support. Crucially, young people choose their activities and what they want to get involved in, ensuring our service remains **flexible, youth-led, and highly responsive.**
## **Youth Voice**
We have significantly developed our youth voice framework this year, ensuring it flows through the entire organisation. Our youth voice groups have had a direct and measurable impact, including:
- Inputting into key GMYN objectives and work.
- Actively participating in staff recruitment processes.
- Co-designing new programmes.
- Developing our youth peer evaluation projects, which are now becoming a core, embedded part of all our programmes.
This active participation continues to be a high priority for the charity.
## **Care leavers and cared for young people**
Our delivery for this core group continues to expand, now incorporating additions such as focused life skills training and employability support. This remains an essential and highly in-demand offer. We are actively refining our services to ensure they reach all young people who need them, including the piloting of programmes specifically for younger cared-for young people, providing them with new opportunities for early intervention and development.
## **Disabled and neurodiverse young people**
We have created valuable new support offers for young people with disabilities and neurodiverse needs. This includes the successful development of our social development programme in Manchester with hopes to expand across Greater Manchester. This work continues to grow as a core offer for GMYN, particularly through our Youth Voice initiatives. We will continue to develop further provision including expanding our travel training offers and training support.
## **Wellbeing and mental health programmes**
In response to the clear increase in mental health needs among young people, we have increased the number of our dedicated wellbeing and mental health programmes. These programmes provide essential emotional wellbeing support and social prescribing activities. We are proud to offer flexible services delivered in a safe environment, specifically designed to provide the necessary support to help young people improve their overall wellbeing.
## **Youth Alliance Greater Manchester**
The Alliance continues to grow, with now over 180 partners having joined from various sectors across Greater Manchester. We will continue to seek dedicated funding for this work, allowing us to allocate resources to commence new projects and funding opportunities, ensuring the Alliance meets the growing needs of its members.
## **Organisational development**
GMYN has progressed significant organisational development this year, including delivering on key objectives for our three-year strategy. We continue to work on making improvements including introducing new policies, improving our offer for our employees and ensuring GMYN is the best place to work.
## **FINANCIAL REVIEW**
## **Overview**
The results for the year are set out on page 15
Income for the year increased by 10% to £1,191,583. This is largely due to an increase in grant funding as well as the release of deferment of received contracted income due to cash received in the prior year in relation to projects in the current year. The timing of results from some planned grants was also later than expected meaning those grants will be recognised as income in the year ending 31 March 2026.
Expenditure has also increased for the year but the net loss significantly lower for the year of £24,247 (2024: loss of £100,755).
Although we have seen a marked improvement from the previous year, it has been another tough year for the charity and the voluntary sector more widely. We understand that funders and supporters require transparency, and we want to be open about the challenges we've faced and the decisive actions we've taken to ensure our long-term sustainability. We’ve proactively addressed
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## GREATER MANCHESTER YOUTH NETWORK LIMITED
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2025
challenges and have established a strong and sustainable path forward. We are highly confident in our strategy and infrastructure, and we are ready to move forward with our mission.
We’ve faced many challenges including funders being overwhelmed with applications: closing rounds unexpectedly and much longer appraisal times. Being impacted by reductions in donations and fundraising in an increasingly competitive environment is also hard. The increase in our core costs continues to impact, especially when costs that out of our control are getting higher such as Employers National Insurance.
We have been taking swift and decisive action to address these challenges and strengthen our financial foundation. Diversifying our income streams, responding rapidly to opportunities and ensuring GMYN gains full cost recovery where possible. All of these approaches will have a positive impact on the organisation.
Our strategy is to restore and then grow our reserves while continuing to protect the vital support we provide to young people. We are confident that our planned actions will move us back into a strong surplus position.
We are already showing a much more positive financial position this year, and the trustees feel confident in the organisations approach to cost saving, income generation and responding to opportunities.
## **Reserves Policy**
The Board of Trustees have set a reserves policy which outlines GMYN’s commitment to build free reserves at a level which ensures that a minimum 3 months of GMYN’s core activity could continue during a period of unforeseen difficulty.
We have based our projections for the appropriate amount of reserves we require on the basis that the reserves in our target range would provide short-term until long-term solutions can be established. 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.
GMYN trustees and SMT are committed to ensure the charity maintains healthy levels of reserves through;
- Income generation from various fundraising/corporate giving campaigns and initiatives aimed at boosting unrestricted reserves levels.
- Specific core grants/donations designated for reserves purposes which do not need additional delivery resources to achieve.
GMYN’s Reserves Policy is to be reviewed and updated at the beginning of each financial year. When reviewing policy, Trustees and SMT should consider any changes to GMYN financial position and adjust reserve levels target if necessary. When monitoring the levels of reserves the Board of Trustees will consider an appropriate strategic course of action should an excess or deficit occur.
## **Risk management**
As GMYN continues to grow and expand our programmes, our commitment to delivering our mission in a safe and effective manner remains a top priority. Our success in reaching more young people brings an increased need for robust risk management and mitigation strategies. This year, we have strengthened our approach across several key areas to ensure the long-term resilience and health of the charity.
The trustees and management work closely to identify and manage risks. A dedicated risk register, regularly updated by the Senior Management Team is a central tool in this process. This register uses a RAG (Red, Amber, Green) rating system to prioritize potential risks and guide the development of mitigation plans. The board reviews this register at regular meetings, ensuring that all trustees are fully informed and can contribute to strategic oversight. We maintain a fixed agenda item at board meetings to report on any **safeguarding, financial, and health and safety** concerns.
Safeguarding is a constant priority, and we have enhanced our systems and team to meet the growing needs of our beneficiaries. Our bespoke Fido system allows us to manage and report on all safeguarding issues to a high standard. The system is designed specifically for GMYN's operations, ensuring every incident is handled with the appropriate level of care and documentation. We also recognise that a strong safeguarding culture is built on continuous learning and awareness. To this end, we continue to hold a mandatory annual away day with a strong focus on safeguarding for all staff. This event provides a vital opportunity for refresher training, sharing best practices, and discussing new challenges. Furthermore, all new trustees receive training on the delivery of the charity's programmes and their safeguarding responsibilities, ensuring that oversight and governance are informed and proactive.
Financial oversight is critical to our ability to deliver our mission. We are acutely aware of the risks associated with meeting income generation targets from grants, charitable activities, and donations. This year, we experienced another dip in our reserves due to a few negative outcomes and timing issues with some contracts. We are using these experiences to refine our future financial planning. We continuously monitor income from all sources and diversify our funding by applying for grants from a wide range of organisations.
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## GREATER MANCHESTER YOUTH NETWORK LIMITED
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2025
The forecast for the current year is positive and shows clear signs of stabilization. We have a tested system for managing our finances, monitoring our impact, and demonstrating our value. This is already paying off with an increase in unrestricted income and strategic growth in key delivery areas.
We regularly review and update our policies and procedures to ensure they align with our expanding activities. Key policies, including **Health and Safety, Child Protection, and Information Security** , are standing agenda items at management meetings. This structured approach allows us to allocate responsibilities and ensure that our team has the resources needed to deliver our programs safely. We are proud of our ongoing commitment to learning and development, which drives the continuous improvement of our internal policies as GMYN grows.
## **Going concern**
In common with other charities of a similar size and type, the Charity is reliant on continuous fundraising, including the submission of grant funding applications, for its continued operation.
The Directors have not identified any specific matters affecting going concern and these accounts.
## **FUTURE PLANS**
The charity is now midway through our strategic plan for 2024-27. SMT and Trustees recently met to review this plan to ensure it was still appropriate and in line with current and future plans. An updated plan will be shared by the end of the year.
Our core belief remains that all young people deserve equal access to high-quality youth provision, and we are dedicated to closing this gap. Our strategy is our roadmap for how we will ensure GMYN is well-resourced and positioned to deliver youth work that is responsive, inclusive, and creates **lasting impact** .
Our strategy is built on the principle of adaptability. We will leverage our experience and expertise to meet the ever-changing needs of the young people we serve. Our values will remain central to everything we do by increasing opportunities for young people to be at the heart of our decision-making. We want them to have a stronger **voice and influence** —not only within GMYN but also with external decision-makers.
We will continue to invest in our greatest assets: our people, our processes, and our reputation. A key focus is the **well-being** of our young people, staff, partners, and volunteers. By ensuring everyone is working towards shared outcomes, we can create a more cohesive and effective delivery model, making it easier to measure and demonstrate our impact.
Partnership is key to GMYN, and we want to continue developing to be an even better organisation to work with. We want to share our knowledge and help other groups make their own impact. We are well placed to do this, and we have the passion and drive to provide more leadership and support
We are also focused on strengthening GMYN from within. This includes building on our passionate team, refining our processes, and diversifying our income streams to ensure long-term sustainability.
We are aware of the challenges posed by shifts in funder priorities and reduced grant opportunities. To counter this, we are proactively exploring diverse income generation platforms. Our plan includes engaging more with the **corporate sector** and actively seeking out funders who provide crucial **core grants** . By diversifying our revenue streams, we will ensure GMYN remains financially sustainable and can continue to grow and thrive.
## **Objectives**
These objectives are taken from our strategic plan for 2024-27.
- GMYN will continue to evolve and develop its delivery to ensure young people are safe, heard, and capable of great things. Our previous pilot programmes for younger children, and young people with disabilities has proven we can expand our support and core offers.
- Learning from our previous successes we will continue to build upon our existing Youth Voice work and continue to promote the key message that **#YoungPeopleCan.**
- GMYN will continue to develop its strategic role in the youth sector, providing leadership and support to the wider sector. We will help create new opportunities for learning, sharing of information and enabling other youth organisations to collaborate.
- GMYN must ensure that social value is prioritised over the next three years, in order to focus on our environmental impact and protect our future beneficiaries.
- GMYN will continue to develop and embed an inclusive culture throughout the charity, ensuring a welcoming environment for all young people and all those who work or volunteer at GMYN, or wish to join **#TeamGMYN.**
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## GREATER MANCHESTER YOUTH NETWORK LIMITED
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2025
- GMYN will continue to look at various methods to generate income and sustain our delivery of programmes and services. As the charity’s income now exceeds £1 million, we must prepare for new opportunities and adapt to an ever changing funding environment.
- GMYN will continue to invest in measuring and demonstrating our impact. We will showcase to existing and new supporters that the work we do and the support we offer is vital and transformative.
## **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:
- (a) Any person who has an interest in and who is supportive of the objects of the company
- (b) Any company, society, association or firm whether incorporated or not that is supportive of the objects of the company and that is based in or operates in the area of benefit.
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**
Related party transactions are referred to in note 12
## **Co-operation with other organisations/charities**
The charity is a partnership driven organisation. It ensures it works strategically and collaboratively alongside similar youth infrastructure organisations and delivers programmes in partnership with other youth organisations. The charity is 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 to set scales and remuneration requests are reviewed and authorised by the appropriate senior management and trustees in line with the remuneration policy. GMYN uses set scales to appropriately grade salaries based on their role, responsibility and skills and expertise needed to deliver. The designated amount to
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## GREATER MANCHESTER YOUTH NETWORK LIMITED
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2025
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:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP 2015 (FRS 102);
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
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.
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.
## **SMALL COMPANY PROVISIONS AND APPROVAL**
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
Approved by the Board of Trustees and signed on its behalf by:
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## GREATER MANCHESTER YOUTH NETWORK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31 2025
## **Auditors**
Third Sector Accountancy Limited were re-appointed as the charitable company's auditors during the year and have expressed their willingness to continue in that capacity.
This report has been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime of the Companies Act 2006.
01 / 12 / 2025
The trustees’ annual report has been approved by the trustees on _____________ and signed on their behalf by
## Ke
**L McDaid-Jones - Trustee**
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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 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 _The Financial Reporting Standard applicable in the UK and Republic of Ireland_ (United Kingdom Generally Accepted Accounting Practice).
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 2025 and of the incoming resources and application of resources, including its income and expenditure, for the year then ended;
• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
• have been prepared in accordance with the requirements of the Companies Act 2006.
## Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section 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 responsibilities 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 relating to going concern
In auditing the financial statements, we have concluded that the directors’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
## Other information
The other information comprises the information included in the trustees’ report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify 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 information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, 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 matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
• the information 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.
## Matters on which we are required to report by exception
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 identified material misstatements in the directors’ report included within the trustees’ report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 require ~~s~~ us to report to you if, in our opinion:
• adequate and proper accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of trustees’ remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
• the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies’ exemptions in preparing the trustees’ report and from the requirement to prepare a strategic report.
## Responsibilities of trustees
As explained more fully in the trustees’ responsibilities 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 preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation 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 continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
## Auditor’s responsibilities for the audit of the financial statements
Our objectives 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 economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.
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## Independent auditor’s report to the members of Greater Manchester Youth Network
Capability of the audit in detecting irregularities, including 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 legislation, employment 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 might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006, the reporting requirements under the Charities SORP and FRS102, and the Charities Act 2011.
We evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to:
- Posting manual journal entries to manipulate financial performance; and
- Management bias through judgements and assumptions in significant accounting estimates and significant one-off or unusual transactions.
Our audit procedures were designed to respond to those identified risks, including non-compliance with laws and regulations (irregularities) and fraud that are material to the financial statements. Our audit procedures included but were not limited to:
Compliance with laws and regulations:
- Discussions with management including consideration of known or suspected instances of non-compliance with relevant laws and regulations;
- Communicating identified laws and regulations throughout our engagement team and remaining alert to any indications of non-compliance throughout our audit;
- Review minutes of meetings for issues relating to non-compliance;
- Reviewing both the design and implementation of key policies, including safeguarding.
Material Fraud in the financial statements:
- Making enquiries of management and those charged with governance on whether they had any knowledge of any actual, suspected or alleged fraud;
- Gaining an understanding of the internal controls established to mitigate risks related to fraud;
- Discussing amongst the engagement team the risks of fraud;
- Addressing the risks of fraud through management override of controls by performing journal entry testing; and
- Challenging assumptions and judgments made by management, including reviewing management’s recognition of income in line with FRS102 SORP.
There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
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## Independent auditor’s report to the members of Greater Manchester Youth Network
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 matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted 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.
## D Worrello
Patrick Morrello (Senior Statutory Auditor) For and on behalf of Third Sector Accountancy Limited, Statutory Auditor Holyoake House Hanover Street Manchester M60 0AS
Date 04 / 12 / 2025
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## **Greater Manchester Youth Network**
## **Statement of Financial Activities**
## **(including Income and Expenditure account) for the year ended 31 March 2025**
|Unrestricted
funds
Note
£
Income from:
Donations and legacies
3
55,203
Charitable activities
4
621,272
5
(2,667)
Investments
6
2,116
Total income
675,924
Expenditure on:
Raising funds
7
72,195
Charitable activities
8
645,460
Total expenditure
717,655
10
(41,731)
Transfer between funds
13,200
Net movement in funds for the year
(28,531)
Reconciliation of funds
Total funds brought forward
108,991
Total funds carried forward
80,460
Net income/(expenditure) for the year
Other trading activities|Restricted
funds
£
-
515,659
-
-
515,659
_-_
498,175
498,175
17,484
(13,200)
4,284
84,837
89,121|Total funds
2025
£
55,203
1,136,931
(2,667)
2,116
1,191,583
72,195
1,143,635
1,215,830
(24,247)
-
(24,247)
193,828
169,581|_Unrestricted_
_funds_
_£_
_17,562_
_521,835_
_4,439_
_2,459_
_546,295_
_43,756_
_601,342_
_645,098_
_(98,803)_
_-_
_(98,803)_
_207,794_
_108,991_|_Restricted_
_funds_
_£_
_-_
_532,698_
_-_
_-_
_532,698_
_-_
_534,650_
_534,650_
_(1,952)_
_-_
_(1,952)_
_86,789_
_84,837_|_Total funds_
2024
_£_
_17,562_
_1,054,533_
_4,439_
_2,459_
_1,078,993_
_43,756_
_1,135,992_
_1,179,748_
_(100,755)_
_-_
_(100,755)_
_294,583_
_193,828_|
|---|---|---|---|---|---|
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 2025**
|Note||2025|||_2024_||
|---|---|---|---|---|---|---|
||£||£|_£_||_£_|
|Fixed assets|||||||
|Tangible assets
15|||17,527|||_26,047_|
|Total fixed assets
Current assets
Debtors
16
Cash at bank and in hand|80,163
141,049||17,527|_131,420_
_146,762_||_26,047_|
|Total current assets
Liabilities
Creditors: amounts falling
due in less than one year
17|221,212
(69,158)|||_278,182_
_(110,401)_|||
|Net current assets|||152,054|||_167,781_|
|Total assets less current liabilities|||169,581|||_193,828_|
|Net assets|||169,581|||_193,828_|
|The funds of the charity:
Unrestricted funds
19
Restricted income funds
18|||80,460
89,121|||_108,991_
_84,837_|
|Total charity funds|||169,581|||_193,828_|
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 17 to 29 form part of these accounts.
> Approved by the trustees on and signed on their behalf by: 01 / 12 / 2025 ErucStelfox
E Stelfox (Trustee/ Treasurer)
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## **Greater Manchester Youth Network**
## **Statement of Cash Flows for the year ending 31 March 2025**
|Note
2025
£
Cash provided by/(used in) operating activities
22
(6,349)
_Cash flows from investing activities:_
Dividends, interest, and rents from investments
2,116
Purchase of tangible fixed assets
(1,480)
Cash provided by/(used in) investing activities
636
(5,713)
Cash and cash equivalents at the beginning of the year
146,762
Cash and cash equivalents at the end of the year
141,049
Increase/(decrease) in cash and cash
equivalents in the year|_2024_
_£_
_(120,933)_
_2,459_
_(7,909)_
_(5,450)_
_(126,383)_
_273,145_
_146,762_|
|---|---|
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**Greater Manchester Youth Network**
## **Notes to the accounts for the year ended 31 March 2025**
- 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.
- c Preparation of the accounts on a going concern basis
The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern.
## 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.
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**Greater Manchester Youth Network**
## **Notes to the accounts for the year ended 31 March 2025 (continued)**
## 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.
## g Fund accounting
Unrestricted funds are available to spend on activities that further any of the purposes of charity.
Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose.
Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work or for specific projects being undertaken by the charity.
## h Expenditure and irrecoverable VAT
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
## i Operating leases
Operating leases are leases in which the title to the assets, and the risks and rewards of ownership, remain with the lessor. Rental charges are charged on a straight line basis over the term of the lease.
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**Greater Manchester Youth Network**
## **Notes to the accounts for the year ended 31 March 2025 (continued)**
- j Tangible fixed assets
Individual fixed assets costing £250 or more (or such other level as may from time to time be agreed by the trustees) 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
- 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 scheme. The charity’s contribution is restricted to the contributions disclosed in note 11.
- 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 2025 (continued)**
|3
Income from donations and legacies
Donations and legacies
Total
4
Income from charitable activities
Grant income
Contracted income
Total
5
Income from other trading activities
Other Income|Unrestricted
£
55,203
55,203
Unrestricted
£
536,897
84,375
621,272
Unrestricted
£
(2,667)
(2,667)|Restricted
£
-
-
Restricted
£
515,659
_-_
515,659
Restricted
£
-
-|Total 2025
£
55,203
55,203
Total 2025
£
1,052,556
84,375
1,136,931
Total 2025
£
(2,667)
(2,667)|_Unrestricted_
_£_
_17,562_
_17,562_
_Unrestricted_
_£_
_231,712_
_290,123_
521,835
_Unrestricted_
_£_
_4,439_
_4,439_|_Restricted_
_£_
_-_
_-_
_Restricted_
_£_
_532,698_
_-_
532,698
_Restricted_
_£_
_-_
_-_|_Total 2024_
_£_
_17,562_
_17,562_
_Total 2024_
_£_
764,410
290,123
1,054,533
_Total 2024_
_£_
_4,439_
_4,439_|
|---|---|---|---|---|---|---|
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## **Greater Manchester Youth Network**
## **Notes to the accounts for the year ended 31 March 2025 (continued)**
|6
Investment income
Income from bank deposits
7
Cost of raising funds
Advertising & promotion
Subscription costs
Staff Costs
Support costs (see note 9)
Governance costs (see note 9)|Unrestricted
£
2,116
2,116
Unrestricted
£
16,528
2,252
32,262
20,788
365
72,195|Restricted
£
-
-
Restricted
£
-
-
-
-
-
-|Total 2025
£
2,116
2,116
2025
£
16,528
2,252
32,262
20,788
365
72,195|_Unrestricted_
_£_
_2,459_
_2,459_
_Unrestricted_
_£_
_2,889_
_2,856_
_31,135_
_6,528_
_348_
_43,756_|_Restricted_
_£_
_-_
_-_
_Restricted_
_£_
_-_
_-_|_Total 2024_
_£_
_2,459_
_2,459_
_2024_
_£_
_2,889_
_2,856_
_31,135_
_6,528_
_348_
_43,756_|
|---|---|---|---|---|---|---|
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## **Greater Manchester Youth Network**
## **Notes to the accounts for the year ended 31 March 2025 (continued)**
8 Analysis of expenditure on charitable activities
|Project costs: Project specific spend
Project costs: Partner cost
Project Costs: Venue Hire
Project costs: Consultancy & professional fees
Project Costs: Evaluation Costs
Project Costs: Travel & Meeting Costs
Restricted expenditure
Unrestricted expenditure
Support costs (see note 9)
Staff costs
Governance costs (see note 9)|Total 2025
£
612,979
60,100
41,698
7,408
19,398
30
114
394,973
6,935
1,143,635
498,175
645,460
1,143,635|_Total 2024_
_£_
_591,571_
_64,344_
_47,532_
_13,355_
_39,768_
_-_
_-_
_372,810_
_6,612_
_1,135,992_
_534,650_
_601,342_
_1,135,992_|
|---|---|---|
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## **Greater Manchester Youth Network**
## **Notes to the accounts for the year ended 31 March 2025 (continued)**
9 Analysis of governance and support costs
|Staff costs
Staff: Training
Staff: Recruitment
Staff: Expenses
Premises costs
Depreciation
IT Costs
IT Costs: FIDO
Subscriptions
Equipment and repairs
General office costs
Loss on disposal of fixed assets
Travel & Subsistence
Audit and accounts fees
_Allocation of support and governance costs_
Cost of raising funds
Expenditure on charitable activities|Support
£
273,388
3,046
2,931
-
62,342
10,000
13,301
20,387
23,670
853
1,722
-
4,121
-
415,761
20,788
394,973
415,761|Governance
£
-
-
-
-
-
-
-
-
-
-
-
-
-
7,300
7,300
365
6,935
7,300|_Total 2025_
£
273,388
3,046
2,931
-
62,342
10,000
13,301
20,387
23,670
853
1,722
-
4,121
7,300
423,061
21,153
401,908
423,061|_Support_
_£_
_247,334_
_6,929_
_6,457_
_4,762_
_56,221_
_11,815_
_15,506_
_17,071_
_8,516_
_1,067_
_2,214_
_1,446_
_-_
_-_
_379,338_
_6,528_
_372,810_
_379,338_|_Governance_
_£_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_6,960_
_6,960_
_348_
_6,612_
_6,960_|_Total 2024_
_£_
_247,334_
_6,929_
_6,457_
_4,762_
_56,221_
_11,815_
_15,506_
_17,071_
_8,516_
_1,067_
_2,214_
_1,446_
_-_
_6,960_
_386,298_
_6,876_
_379,422_
_386,298_|
|---|---|---|---|---|---|---|
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**Greater Manchester Youth Network**
## **Notes to the accounts for the year ended 31 March 2025 (continued)**
- 10 Net income/(expenditure) for the year
|This is stated after charging/(crediting):
Depreciation
Auditor's remuneration - audit fees
Auditor's remuneration - accountancy fees
Staff costs
Staff costs during the year were as follows:
Wages and salaries
Social security costs
Pension costs
Allocated as follows:
Cost of raising funds
Charitable activities
Support costs|2025
£
10,000
5,650
1,650
2025
£
832,312
71,259
15,058
918,629
32,262
612,979
273,388
918,629|_2024_
_£_
_11,815_
_4,800_
_1,920_
_2024_
_£_
_790,867_
_65,248_
_13,925_
870,040
_31,135_
_591,571_
_247,334_
_870,040_|
|---|---|---|
11 Staff costs
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**Greater Manchester Youth Network**
## **Notes to the accounts for the year ended 31 March 2025 (continued)**
- 11 Staff costs (continued)
One employee has employee benefits (gross salary plus employer pension contribution) in excess of £60,000 (2024: One).
The average number of staff employed during the period was 37 (2024: 34). The full time equivalent during the period was 26.3 (2024: 26.1)
The key management personnel of the charity comprise the trustees, the Chief Executive Officer, the Head of Development and the Head of People and Culture. The total employee benefits of the key management personnel of the charity were £145,384 (2024: £156,192).
- 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 (2024: Nil).
Aggregate donations from related parties were £295 (2024: £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 £2,859 (2024:£3,003) 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 (2024: nil).
## 13 Government grants
The government grants recognised in the accounts were as follows:
|CEYP Manchester - Lottery Community Fund
Greater Manchester Combined Authority
The Metropolitan Borough Council of Stockport
Lottery Critical Fund|2025
£
134,996
79,676
19,850
-
234,522|_2024_
_£_
_61,002_
_-_
_44,784_
_47,805_
_153,591_|
|---|---|---|
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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**Greater Manchester Youth Network**
## **Notes to the accounts for the year ended 31 March 2025 (continued)**
15 Fixed assets: tangible assets
|Cost
Additions
Depreciation
Charge for the year
Net book value
_At 31 March 2024_
At 31 March 2025
At 1 April 2024
At 31 March 2025
At 31 March 2025
At 1 April 2024|Fixtures
& Fittings
£
8,291
-
8,291
3,022
1,417
4,439
3,852
_5,269_|£
43,306
1,480
44,786
22,528
8,583
31,111
13,675
_20,778_
Equipment|£
51,597
1,480
53,077
25,550
10,000
35,550
17,527
_26,047_
Total|
|---|---|---|---|
During the year the charity acquired fixed assets at a cost of £nil (2024: £nil) which were funded by grant income which is included in the SOFA for the year.
## 16 Debtors
|Trade debtors and grants receivable
Accrued Income
Prepayments|2025
£
32,321
33,165
14,677
80,163|_2024_
_£_
_22,452_
_107,303_
_1,665_
_131,420_|
|---|---|---|
24
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**Greater Manchester Youth Network**
## **Notes to the accounts for the year ended 31 March 2025 (continued)**
- 17 Creditors: amounts falling due within one year
|Trade creditors
Accruals
Deferred income
Taxation and social security costs
Pension liability
18
Analysis of movements in restricted funds
Balance at 1
April 2024
Income
£
£
17,970
-
10,417
25,000
15,950
59,797
19,000
30,000
10,000
11,310
2,500
-
4,000
-
5,000
10,000
-
19,850
-
17,000
-
7,960
-
12,150
-
27,766
-
25,000
-
5,775
-
29,715
-
134,996
-
62,676
-
15,664
-
21,000
Total
84,837
515,659
CEYP Tameside- Henry Smith
Foundation
CE Manchester - Masonic
Charitable Fund
Salford CVS
Edward Holt Trust
Stockport MBC - stockport
CEYP Tameside - Charles
Hayward Foundation
Whose Art Whose Culture
NWYPDT - Youth Voice
CEYP Salford (12-15) - Henry
Smith
GMCA - Test and learn
Electoral Commissioner
Sport England
Hatch
Westwood Recruitment
Impact Fund - Salford CVS
Lottery Community Fund
GMCA Community Grant
MJ Ball - Mental Health
Programme
Youth Alliance
Eric Wright Charitable Trust|2025
£
19,568
14,031
26,667
450
8,442
69,158
Expenditure
£
(17,970)
(25,000)
(59,797)
(30,000)
(11,310)
-
(3,300)
(10,000)
(10,000)
(15,500)
(4,146)
(5,894)
(27,766)
(25,000)
(5,775)
(12,381)
(134,996)
(62,676)
(15,664)
(21,000)
(498,175)|_2024_
_£_
_732_
_15,805_
_69,647_
_18,248_
_5,969_
110,401
Transfers
£
-
-
-
-
(10,000)
(2,500)
(700)
-
-
-
-
-
-
-
-
-
-
-
-
-
(13,200)|Balance at 31
March 2025
£
-
10,417
15,950
19,000
-
-
-
5,000
9,850
1,500
3,814
6,256
-
-
-
17,334
-
-
-
-
89,121|
|---|---|---|---|
25
Doc ID: 0102009c61fa03326602743376a78c89f67f12a9
**Greater Manchester Youth Network**
## **Notes to the accounts for the year ended 31 March 2025 (continued)**
18 Analysis of movements in restricted funds (continued)
_Comparative period_
|_Balance at 1_
_April 2023_
_£_
24,000
9,085
10,417
15,950
13,000
7,337
7,000
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
_Total_
_86,789_
A&H Pilkington Trust
Whose Art Whose Culture
Booth Charities
CE Manchester - Masonic
Inspire - UK Youth
SEND - Brook
Paul Hamlyn Foundation
NWYPDT - Youth Voice
Other grants
Changemakers Public Transport-
CEYP Salford (12-15) - Henry
CEYP Tameside - Charles
CEYP Tameside- Henry Smith
Hatch - UK Youth
CEYP Bolton
CEYP Oldham & Bury - Children
In Need
Salford CVS
Edward Holt Trust
Future You - Ingeus
Y&P Fund (Strategic
Eric Wright Charitable Trust
SEMH - Hargreaves
MJ Ball Residentials 22 & 23
Being Together - UASC
Lottery Community Fund|_Income_
_£_
5,333
38,000
25,000
39,300
-
-
-
61,002
61,002
30,000
5,000
5,348
56,195
40,994
20,964
10,000
267
22,500
9,500
31,392
385
9,830
10,000
22,250
28,436
_532,698_|_Expenditure_
_£_
(29,333)
(29,115)
(25,000)
(39,300)
(13,000)
(7,337)
(7,000)
(61,002)
(61,002)
(11,000)
(5,000)
(5,348)
(56,195)
(40,994)
(10,964)
(7,500)
(267)
(22,500)
(9,500)
(31,392)
(385)
(5,830)
(5,000)
(22,250)
(28,436)
_(534,650)_|_Transfers_
_£_
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
_-_|_Balance at_
_31 March_
_2024_
_£_
-
17,970
10,417
15,950
-
-
-
-
-
19,000
-
-
-
-
10,000
2,500
-
-
-
-
-
4,000
5,000
-
-
_84,837_|
|---|---|---|---|---|
26
Doc ID: 0102009c61fa03326602743376a78c89f67f12a9
**Greater Manchester Youth Network**
## **Notes to the accounts for the year ended 31 March 2025 (continued)**
- 18 Analysis of movements in restricted funds (continued)
## Name of
Description, nature and purposes of the fund
## restricted fund
CEYP Salford (12-15) - Henry Smith
CEYP Tameside - Charles Hayward Foundation
CEYP Tameside- Henry Smith Foundation
CE Manchester - Masonic Charitable Fund
Salford CVS Whose Art Whose Culture
NWYPDT - Youth Voice Stockport MBC - stockport NEET
GMAC Test and Learn
Electoral Commissioner
Sport England
Hatch
MJ Ball Limited - Residentials 2022 & 2023 Westwood Recruitment Salford CVS - Impact Fund National Lottery Community Fund GMCA Community Grant Booth Charities- CE Salford
CEYP Oldham & Bury - Children In Need
BBC CIN
Eric Wright Charitable Trust Youth Alliance SEMH - Hargreaves
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. Programme for young people with experience of the care system in Tameside.
Three years' salary and on costs of a Care Experience Employability Programme Coordinator at a project designed to develop pre-employability skills for care leavers in Tameside, Manchester.
Manchester cared for Children - supporting cared for young people in Manchester aged 10-16 by offering group recreational activities to help young people build confidence and develop skills. Wellbeing Matters Community Asset Fund HMV Podcast - a voice for young people in care to help them share their stories and experience through podcast. Youth Active Voice Campaigns Build your future project - work readniness programme
DNDemocracy campaign - research project aimed at engaging young people aged 16-25 in educational sessions about democracy, voting and voter registration. GMCA - MYRIAD -Test and learn mental health support projects for young people through music.
Programme to support SEMH young people with cycling & wellbeing sessions.
Work Readiness Programmes to support young people across GM that are NEET or at risk of becoming NEET to access paid work experience alongside wraparound support throughout the process. Donation towards costs of delivering Residentials in 2022 & 2023.
Supporting GMYN through contribution to salary costs Impact Fund (Wider Determinants of Health) 2024 Support GMYN to work with young GMYN ‘Build Your Future’ Work Readiness Project Contribution towards programme manager's salary.
GMYN will continue to support LAC in Bury and Oldham to positively emerge from the pandemic through engaging them in fun and inspiring codesigned group activities and bespoke one to one support from a trusted youth worker enabling them to build healthy relationships, re-engage with society and improve wellbeing. Holiday Programme BBC Children in Need Contribution towards costs of programme worker. Sector support and capacity building Active Cycling programme to support disadvantaged young people
27
Doc ID: 0102009c61fa03326602743376a78c89f67f12a9
**Greater Manchester Youth Network**
## **Notes to the accounts for the year ended 31 March 2025 (continued)**
- 19 Analysis of movement in unrestricted funds
|General fund
General fund
_General fund_|Balance at 1
April 2024
£
108,991
108,991
_Balance at_
_1 April 2023_
_£_
_207,794_
_207,794_
The free reserv|Income
Expenditure
Transfers
£
£
£
675,924
(717,655)
13,200
675,924
(717,655)
13,200
_Income_
_Expenditure_
_Transfers_
_£_
_£_
_£_
_546,295_
_(645,098)_
_-_
_546,295_
_(645,098)_
_-_
es after allowing for all designated funds|As at 31
March 2025
£
80,460
80,460
_As at 31_
_March 2024_
_£_
_108,991_
_108,991_|
|---|---|---|---|
- 20 Analysis of net assets between funds
|Tangible fixed assets
Net current assets/(liabilities)
Total
_Tangible fixed assets_
_Net current assets/(liabilities)_
_Total_|General
fund
£
17,527
62,933
80,460
_General_
_fund_
_£_
_26,047_
_82,944_
_108,991_|Designated
funds
£
-
-
-
_Designated_
_funds_
_£_
_-_
_-_
_-_|Restricted
funds
£
-
89,121
89,121
_Restricted_
_funds_
_£_
_-_
_84,837_
_84,837_|Total 2025
£
17,527
152,054
169,581
_Total 2024_
_£_
_26,047_
_167,781_
_193,828_|
|---|---|---|---|---|
28
Doc ID: 0102009c61fa03326602743376a78c89f67f12a9
## **Greater Manchester Youth Network**
## **Notes to the accounts for the year ended 31 March 2025 (continued)**
- 21 Operating lease commitments
The charity's total future minimum lease payments under non-cancellable operating leases is as follows
|Less than one year
One to five years|2025
_2024_
£
_£_
7,965
_8,431_
-
_-_
7,965
_8,431_
Property|2025
_2024_
£
_£_
-
-
_2,160_
-
_2,160_
Equipment|
|---|---|---|
22 Reconciliation of net movement in funds to net cash flow from operating activities
|Net income/(expenditure) for the year
Adjustments for:
Depreciation charge
Dividends, interest and rents from investments
Loss/(profit) on sale of fixed assets
Decrease/(increase) in debtors
Increase/(decrease) in creditors
Net cash provided by/(used in) operating activities|2025
£
(24,247)
10,000
(2,116)
-
51,257
(41,243)
(6,349)|_2024_
_£_
_(100,755)_
11,814
_(2,459)_
_1,446_
_(88,940)_
_57,961_
_(120,933)_|
|---|---|---|
29
Doc ID: 0102009c61fa03326602743376a78c89f67f12a9