## **REGISTERED COMPANY NUMBER: CE001048 (England and Wales) REGISTERED CHARITY NUMBER: 1156100**
## **REPORT OF THE TRUSTEES AND**
**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024**
## **FOR**
## **MANINPLACE CIO**
D E Ball & Co Limited Chartered Accountants 15 Bridge Road Wellington Telford Shropshire TF1 1EB
**MANINPLACE CIO**
## **CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31st March 2024**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|2|
|**Independent Examiner's Report**||3||
|**Statement of Financial Activities**||4||
|**Balance Sheet**|5|to|6|
|**Notes to the Financial Statements**|7|to|13|
|**Detailed Statement of Financial Activities**||14||
## **MANINPLACE CIO**
## **REPORT OF THE TRUSTEES for the Year Ended 31st March 2024**
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
Maninplace CIO works in conjunction with Maninplace Estate Community Interest Company to provide accommodation and support to the non-statutory homeless in the borough of Telford and Wrekin, responding to those for whom Telford and Wrekin Council does not have a duty to accommodate.
The principal activity is therefore the management of accommodation and the delivery of support services to clients housed in that accommodation, thereby preventing rough sleeping and alleviating homelessness. This activity will prevent fatalities, reduce crime and health problems which would otherwise impact on the criminal justice system, acute and mental health services.
The trustees have had regard to the public benefit guides PB1, PB2 and PB3 when making decisions on the actions of the charity.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
The charity has had very little activity with the KiP Service setting up as a legal entity in its own right.
The community house purchased through public donations is still operating well and has successfully accommodated two individuals who had previously been homeless, moving into emergency and temporary accommodation. The income of the property is now the only source of income.
In January 2024 a decision was taken to wind up the Charity, due to a conflict of interest, the Charity Commission advised that we need to seek approval from them to wind up the Charity and transfer the assets to KiP CIO.
After due process this has commenced, and we await permission from the Charity Commission.
During the year Mr Peter Cresswell has resigned as a founding trustee due to ill health.
The charity has served its constituents well and has now fulfilled its Charitable Purposes.
## **FINANCIAL REVIEW**
## **Reserves policy**
It is intended to apply such reserves as can be built up over time to support the activities of the charity through the acquisition of one or more properties for use by the client group. This would reduce the need to lease properties from private landlords and thus create financial savings, improve quality and provide assets for the charity.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Company number**
CE001048 (England and Wales)
## **Registered Charity number**
1156100
Page 1
## **MANINPLACE CIO**
## **REPORT OF THE TRUSTEES for the Year Ended 31st March 2024**
## **Registered office**
Unit 7 Hollinswood Court Stafford Park 1 Telford Shropshire TF3 3DE
## **Trustees**
A L Olver R Davies
## **Independent Examiner**
D E Ball & Co Limited Chartered Accountants 15 Bridge Road Wellington Telford Shropshire TF1 1EB
Approved by order of the board of trustees on 29th January 2025 and signed on its behalf by:
A L Olver - Trustee
Page 2
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MANINPLACE CIO**
## **Independent examiner's report to the trustees of Maninplace CIO ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st March 2024.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Russell Ball
D E Ball & Co Limited Chartered Accountants 15 Bridge Road Wellington Telford Shropshire TF1 1EB
29th January 2025
Page 3
## **MANINPLACE CIO**
## **STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31st March 2024**
|Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
9,752
Other trading activities
2
98,428
**Total**
108,180
**EXPENDITURE ON**
**Charitable activities**
Supporting People
7,184
KIP
11,273
**Total**
18,457
**NET INCOME**
89,723
**RECONCILIATION OF FUNDS**
Total funds brought forward
34,250
**TOTAL FUNDS CARRIED FORWARD**
123,973|Restricted
funds
£
-
-
-
-
-
-
-
132,617
132,617|31.3.24
31.3.23
Total
Total
funds
funds
£
£
9,752
5,491
98,428
91,943
108,180
97,434
7,184
12,594
11,273
83,516
18,457
96,110
89,723
1,324
166,867
165,543
256,590
166,867|31.3.24
31.3.23
Total
Total
funds
funds
£
£
9,752
5,491
98,428
91,943
108,180
97,434
7,184
12,594
11,273
83,516
18,457
96,110
89,723
1,324
166,867
165,543
256,590
166,867|
|---|---|---|---|
||||97,434|
||||12,594
83,516|
||||96,110|
||||1,324
165,543|
||||166,867|
The notes form part of these financial statements
Page 4
## **MANINPLACE CIO**
## **BALANCE SHEET 31st March 2024**
|Unrestricted
funds
Notes
£
**FIXED ASSETS**
Tangible assets
7
12,220
**CURRENT ASSETS**
Debtors
8
84
Cash at bank
114,641
114,725
**CREDITORS**
Amounts falling due within one year
9
(2,972)
**NET CURRENT ASSETS**
111,753
**TOTAL ASSETS LESS CURRENT LIABILITIES**
123,973
**NET ASSETS**
123,973
**FUNDS**
10
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Restricted
funds
£
118,713
10,868
3,036
13,904
-
13,904
132,617
132,617|31.3.24
Total
funds
£
130,933
10,952
117,677
128,629
(2,972)
125,657
256,590
256,590
123,973
132,617
256,590|31.3.23
Total
funds
£
131,058
11,925
26,136
38,061
(2,252)
35,809
166,867
166,867
34,250
132,617
166,867|
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
Page 5
continued...
## **MANINPLACE CIO**
## **BALANCE SHEET - continued 31st March 2024**
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 29th January 2025 and were signed on its behalf by:
A L Olver - Trustee
The notes form part of these financial statements
Page 6
**MANINPLACE CIO**
## **NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31st March 2024**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Freehold property is not depreciated.
The trustees are of the view that the level of ongoing repair and maintenance of the property will result in the residual value of the property at the end of its useful life being greater than its original cost. This is reviewed annually by the trustees.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
continued...
Page 7
**MANINPLACE CIO**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31st March 2024**
## **2. OTHER TRADING ACTIVITIES**
||31.3.24|31.3.23|
|---|---|---|
||£|£|
|Urban KIP Contract|-|20,460|
|Thrive Partnership Contract|94,176|65,564|
|Rental income|4,252|5,919|
||98,428|91,943|
|**NET INCOME/(EXPENDITURE)**|||
|Net income/(expenditure) is stated after charging/(crediting):|||
||31.3.24|31.3.23|
||£|£|
|Depreciation - owned assets|125|125|
## **3. NET INCOME/(EXPENDITURE)**
## **4. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31st March 2024 nor for the year ended 31st March 2023.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31st March 2024 nor for the year ended 31st March 2023.
## **5. STAFF COSTS**
The average monthly number of employees during the year was as follows:
## **6.**
|||31.3.24|31.3.23|
|---|---|---|---|
|Charitable activities||-|1|
|No employees received emoluments in excess of £60,000.||||
|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL**|**ACTIVITIES**|||
||Unrestricted|Restricted|Total|
||funds|funds|funds|
||£|£|£|
|**INCOME AND ENDOWMENTS FROM**||||
|Donations and legacies|4,310|1,181|5,491|
|Other trading activities|91,943|-|91,943|
|**Total**|96,253|1,181|97,434|
|**EXPENDITURE ON**||||
|**Charitable activities**||||
|Supporting People|12,594|-|12,594|
|KIP|83,414|102|83,516|
continued...
Page 8
## **MANINPLACE CIO**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31st March 2024**
|**6.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**
Unrestricted
Restricted
funds
funds
£
£
**Total**
96,008
102
**NET INCOME**
245
1,079
**RECONCILIATION OF FUNDS**
Total funds brought forward
34,005
131,538
**TOTAL FUNDS CARRIED FORWARD**
34,250
132,617
**7.**
**TANGIBLE FIXED ASSETS**
Freehold
Plant and
property
machinery
£
£
**COST**
At 1st April 2023 and 31st March 2024
130,933
1,650
**DEPRECIATION**
At 1st April 2023
-
1,525
Charge for year
-
125
At 31st March 2024
-
1,650
**NET BOOK VALUE**
At 31st March 2024
130,933
-
At 31st March 2023
130,933
125
**8.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
31.3.24
£
Other debtor
10,952
Prepayments
-
10,952|Total
funds
£
96,110
1,324
165,543
166,867
Totals
£
132,583
1,525
125
1,650
130,933
131,058
31.3.23
£
11,452
473
11,925|Total
funds
£|
|---|---|---|
|||96,110|
|||1,324
165,543|
|||166,867|
continued...
Page 9
**MANINPLACE CIO**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31st March 2024**
## **9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Accrued expenses
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
KIP fund
**Restricted funds**
Building fund
General fund
KIP fund
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
KIP fund
**TOTAL FUNDS**|At 1.4.23
£
28,024
6,226
34,250
45,324
84,257
3,036
132,617
166,867
Incoming
resources
£
12,624
95,556
108,180
108,180|31.3.24
31.3.23
£
£
2,972
2,252
Net
movement
At
in funds
31.3.24
£
£
5,440
33,464
84,283
90,509
89,723
123,973
-
45,324
-
84,257
-
3,036
-
132,617
89,723
256,590
Resources
Movement
expended
in funds
£
£
(7,184)
5,440
(11,273)
84,283
(18,457)
89,723
(18,457)
89,723|31.3.23
£
2,252
At
31.3.24
£
33,464
90,509|
|---|---|---|---|
||||123,973
45,324
84,257
3,036|
||||132,617|
||||256,590|
||||89,723|
||||89,723|
## **10. MOVEMENT IN FUNDS**
continued...
Page 10
**MANINPLACE CIO**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31st March 2024**
## **10. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund
KIP fund
**Restricted funds**
Building fund
General fund
KIP fund
**TOTAL FUNDS**
Comparative net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
KIP fund
**Restricted funds**
KIP fund
**TOTAL FUNDS**|At 1.4.22
£
32,457
1,548
34,005
45,324
84,257
1,957
131,538
165,543
Incoming
resources
£
8,377
87,876
96,253
1,181
97,434|Net
movement
At
in funds
31.3.23
£
£
(4,433)
28,024
4,678
6,226
245
34,250
-
45,324
-
84,257
1,079
3,036
1,079
132,617
1,324
166,867
Resources
Movement
expended
in funds
£
£
(12,810)
(4,433)
(83,198)
4,678
(96,008)
245
(102)
1,079
(96,110)
1,324|
|---|---|---|
continued...
Page 11
**MANINPLACE CIO**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31st March 2024**
## **10. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
KIP fund
**Restricted funds**
Building fund
General fund
KIP fund
**TOTAL FUNDS**|At 1.4.22
£
32,457
1,548
34,005
45,324
84,257
1,957
131,538
165,543|Net
movement
in funds
£
1,007
88,961
89,968
-
-
1,079
1,079
91,047|At
31.3.24
£
33,464
90,509|
|---|---|---|---|
||||123,973
45,324
84,257
3,036|
||||132,617|
||||256,590|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
KIP fund
**Restricted funds**
KIP fund
**TOTAL FUNDS**|Incoming
resources
£
21,001
183,432
204,433
1,181
205,614|Resources
Movement
expended
in funds
£
£
(19,994)
1,007
(94,471)
88,961
(114,465)
89,968
(102)
1,079
(114,567)
91,047|Resources
Movement
expended
in funds
£
£
(19,994)
1,007
(94,471)
88,961
(114,465)
89,968
(102)
1,079
(114,567)
91,047|
|---|---|---|---|
||||89,968
1,079|
||||91,047|
General Fund - represent free funds available to meet the general objectives of the charity.
Building Fund - represents funds for building purchases.
continued...
Page 12
**MANINPLACE CIO**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31st March 2024**
## **11. RELATED PARTY DISCLOSURES**
The charity is closely related to Maninplace CIC who make charitable donations to Maninplace CIO.
Page 13
## **MANINPLACE CIO**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31st March 2024**
||31.3.24|31.3.23|
|---|---|---|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Donations - other|9,752|5,491|
|**Other trading activities**|||
|Urban KIP Contract|-|20,460|
|Thrive Partnership Contract|94,176|65,564|
|Rental income|4,252|5,919|
||98,428|91,943|
|**Total incoming resources**|108,180|97,434|
|**EXPENDITURE**|||
|**Charitable activities**|||
|Wages|-|7,388|
|Rent|7,517|10,869|
|Advertising|199|481|
|Urban KIP Contract|4,256|11,184|
|Thrive Partnership Contract|-|57,742|
|Insurance|2,065|2,119|
|Accountancy|720|1,000|
|Property repairs and maintenance|2,587|4,140|
|Legal fees|790|-|
|Bank charges and interest|-|102|
|Energy and water rates|198|-|
|Training|-|960|
|Depreciation of equipment|125|125|
||18,457|96,110|
|Total resources expended|18,457|96,110|
|**Net income**|89,723|1,324|
This page does not form part of the statutory financial statements
Page 14