Charity Number: 1166873
## Young Manchester
Annual report and financial statements For the year ended 31 March 2023
Doc ID: b9970ec3d679a93075c32807cd32be341b1fdb06
Young Manchester Reference and administration information
Charity number 1166873
Registered office and operational address Centurion House 129 Deansgate Manchester M3 3WR
Trustees
Trustees who served during the year and up to the date of this report were as follows:
Sarah Klueter Furqan Naeem Katharine Vokes (Resigned November 2022) Bounty Vegah Daniel Suba Victor Lawes Roukagia Afan Councillor Luthfur Rahman (Resigned July 2022) George Whalley (Resigned July 2023) Simone Finegan Angela Harrington (Resigned November 2022) James O’farrell (Appointed November 2022) Jodie McNally (Appointed November 2022) Craig Barratt (Appointed July 2023)
Key management personnel
Imogen Gregg-Auriac Chief Executive Samuel Remi-Akinwale Co-Chief Executive Officer Emma Sims Head of Partnerships
Bankers
The Co-operative Bank, PO Box 250, Skelmersdale, Lancashire, WN8 6WY
## Solicitors
Addleshaw Goddard, 1 St Peters Square, Manchester, M2 3DE
## Auditors
Crowe UK LLP, 3[rd] Floor, The Lexicon, Mount Street, Manchester, M2 5NT
Accountants
Third Sector Accountancy Limited, Holyoake House, Hanover Street, Manchester, M60 0AS
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## Young Manchester
## Trustees’ annual report for the year ended 31 March 2023
The Trustees present their annual report together with the audited financial statements of the charity for the year 1 April 2022 to 31 March 2023. The Trustees confirm that the Annual Report and financial statements of the CIO comply with the current statutory requirements, the requirements of the ClO's governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective October 2019).
## Objectives and Activities
- a. Policies and objectives
The trustees review the aims, objectives and activities of the charity each year. This report looks at what the charity has achieved and the outcomes of its work in the reporting period. The trustees report the success of each key activity and the benefits the charity has brought to those groups of people that it is set up to help. The review also helps the trustees ensure the charity's aims, objectives and activities remained focused on its stated purposes.
Our vision is that 'every child and young person in Manchester can thrive and realise their full potential through outstanding opportunities’. The objectives of the charity are to act as a resource for young people aged 5 to 19 (25 for young people with additional needs) living in Manchester by providing advice and assistance and organising programmes of physical, educational and other activities. By doing this the charity aims to help young people:
- To advance in life by helping develop their skills, capacities and capabilities to enable them to participate in society as independent, mature and responsible individuals;
- To advance education;
- To relieve unemployment;
- To advance emotional and physical health and wellbeing;
- By providing recreational and leisure activities in the interests of personal and social development with the view to improving conditions of their lives. This is aimed at children and young people living in the area of benefit who have need by reason of their youth, age, infirmity or disability, poverty or social and economic circumstances.
- b. Main activities undertaken to further the charity's purposes for the public benefit
The Trustees discharge their obligations by supporting charities and not-for-profit organisations which improve the lives of young people and meet the charity's objectives. They do this through strengthening, connecting and championing the non-profit sector for children and young people. The Trustees look to place funds and resources where they can make a real and measurable impact to the lives of young people.
The charity believes in the power of youth social action - such as volunteering, fundraising and campaigning, to transform lives and communities and therefore it is embedded in our work.
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## Young Manchester
## Trustees’ annual report for the year ended 31 March 2023
Young Manchester is embedding social action into the day to day business of organisations working with children and young people in Manchester. The City of Social Action initiative provides a platform for young people and organisations to shout about youth social action, youth voice and youth led projects, centring young people making change in their communities.
This mission continues to expand particularly in grant making in Manchester as we embed youth led grant making into funding programmes in partnership with the #iwill fund, BBC Children In Need, Manchester City Council and the Manchester Health and Care Commission body.
The Charity had no fundraising activities requiring disclosure under S I62A of the Charities Act 2011.
## 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
As we reflect on the year ending March 2023 we note it was a year of challenge for Young Manchester and the whole youth and play sector along with the children and young people it supports. Young Manchester has risen to the challenge of supporting the youth and play sector and wider networks in order to play our part in supporting outcomes for children and young people.
There are three achievements that the Trustees wish to highlight for the year:
- Following a transition to a membership model, we have helped strengthen Manchester’s Youth & Play sector, developing a network of 100+ member organisations.
- The final year of the City of Social Action partnership led by Young Manchester benefited thousands of young people across the City and helped funders embed youth social action and youth-led grant making into their local offer supporting young people
- We have continued to share power with children and young people, including hiring a young Co-CEO who leads the organisation.
## A snapshot of key highlights are shared below
## _Strengthening the Youth & Play Sector_
Young Manchester’s free membership programmes works to strengthen, connect and champion the incredible organisations supporting and delivering for children and young people in Manchester. With our wide network of partners, we quickly cultivated 100+ member organisations in a year. Benefits delivered for members include:
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Young Manchester
## Trustees’ annual report for the year ended 31 March 2023
- Safeguarding training
- LEAD+ leadership training and peer network for youth sector organisational leads
- Member networking events
- Collaborative fundraising
## _City Of Social Action_
The City of Social Action seeks to make Manchester the place for youth voice, youth leadership and real change led by children and young people themselves. We have been successful in embedding youth led-grant making into the Keeping Children and Young People Safe fund in partnership with #iwill and BBC Children in Need and the Mental Health Fund in partnership with Manchester Health and Care Commission.
## _Sharing Power with Young People_
We continued our work to ensure Young Manchester is genuinely supporting young people to shape the charity, including through our board of trustees, co-leadership, our young staff team and our ambassadors. During the year we adopted a Co-CEO model, employing a younger Co-CEO under 25 years of age.
We provided platforms for young people to change in their lives, communities and city through grant making - such as the SEND Inclusive Activities Fund - and incubating activists and change makers. The Sharing Power in a Place report provides more detail on outcomes.
## Financial Review
## a) Going Concern
The Trustees have assessed the ability of the Charity to continue as a going concern, considering events and conditions that may cast significant doubt upon its ability to do so for the period to March 2025. There are however material uncertainties within this assessment.
Based on its appropriate enquiries the Trustees, at the time of their approval, note that while very immediate funding is secure and a strategy in place, there is uncertainty in the future fundraising climate.
This has been a transitional year from the charity, in which we have shared power with children and young people, strengthened as a membership organisation, diversified our partnerships, aligned closely with the YPF Trust and increased the diversity of our funding base. This work continues to build on solid foundations already established, including a strong and robust network of local and national supporters and stakeholders, including funding partnerships which the charity will seek to develop and grow.
The organisation has clear fundraising plans in place, delivering a range of income generation tactics, exploring new fundraising opportunities (including community fundraising and consortium projects).
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## Young Manchester
## Trustees’ annual report for the year ended 31 March 2023
These plans however are not yet fully tested and though there is a clear and identified need and role for Young Manchester it is not yet fully clear whether this can be resourced in a sustainable way.
In order to mitigate this risk, the Trustees are developing options to reduce costs - whilst retaining Young Manchester’s core offer to member organisations - and will be consulting with members and stakeholders in the coming months.
## (b) Review of 2022/23 performance
Our overall net surplus for the year ending March 2023 totals £188K. This progress is related to a conservative approach to spending reflecting uncertainty in the sector as well as progress made in receiving restricted funding that relieves core costs.
We maintain a strong unrestricted reserves position as of March 2023. Key funding recognised this year includes:
- Funding for supporting children and young people with special education needs and disabilities of £186K and associated management fees
- Funding from the Youth Endowment Fund to coordinate the delivery of a £1 million community led initiative to support young people from Cheetham Hill to achieve their hopes and ambitions, and that protects young people from violence.
## Reserves Policy
The charity's reserves policy is to maintain a sufficient level of unrestricted reserves to enable normal operating activities to continue over a period of up to five months should a shortfall in income occur and to take account of potential risks and contingencies that may arise from time to time.
The level of reserves required to cover normal operating activities over this period is calculated at £100K. The reserves used in the calculation only include unrestricted free reserves. This figure is based on running costs for 5 months, which is appropriate given the ongoing instability in the sector.
At 31 March 2023 the charity's reserves were:
|Unrestricted funds (free reserves):|£188,681|
|---|---|
|Restricted funds:|£332,697|
|Total funds:|£521,378|
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Young Manchester
Trustees’ annual report for the year ended 31 March 2023
## Structure, governance and management
## (a) Constitution
Young Manchester is a registered charity, number 1166873, and has the form of a Charitable Incorporated Organisation (CIO). The governing document of the charity is a constitution dated February 2016.
In the event that the charity is wound up, the Trustees of the charity have no liability to contribute to its assets and no personal responsibility for settling its debts and liabilities.
## (b) Method of appointment or election of Trustees
The management of the CIO is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.
New Trustees are appointed for a minimum term of two years by a resolution passed at a properly convened meeting of the existing Trustees. In selecting individuals for appointment, the charity Trustees have regard to the skills, knowledge and experience needed for the effective administration of the charity.
Manchester City Council may nominate and appoint two charity Trustees. The appointment of these Trustees must follow the same process as appointment of all other Trustees and each appointment must be for a term of three years. The Trustees appointed need not be a member of Manchester City Council.
New Trustees may be sought by open advertisement or targeted recruitment. The constitution was last reviewed in November 2022 and is expected to be next reviewed and amended in the 2024/25 financial year.
- (c) Policies adopted for the induction and training of Trustees
All new charity Trustees are provided with a current version of the constitution, a copy of the charity's latest Trustees' Annual Report and statement of accounts and the last three sets of approved Board minutes.
Upon appointment to the Board, Trustees are expected to attend regular meetings, for which the papers are usually submitted a week in advance.The constitution provides for a minimum of three to a maximum of ten Trustees.
- (d) Pay policy for senior staff
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## Young Manchester
## Trustees’ annual report for the year ended 31 March 2023
All Trustees give of their time freely and no Trustee received remuneration in the year. The pay of the senior staff is reviewed annually by the Board of Trustees by benchmarking against industry standards.
## (e) Organisational structure and decision making
At the Trustees' meetings, the Trustees agree the broad strategy and areas of activity for the charity, including consideration of grant making, match funding, reserves and risk management approach and performance.
With the introduction of a co-CEO model, the day-to-day operation of the charity is delegated to the Co-Chief Executive Officers.
## (f) Risk management
The Trustees have assessed the major risks to which the CIO is exposed. The risks are reviewed on a bi-monthly basis by the Risk and Finance Subcommittee and reported bi-monthly to the full board. The Trustees are satisfied that systems and procedures are in place to mitigate our exposure to the major risks, in particular those related to the operations and finance of the CIO.
Young Manchester's most significant risks and mitigating actions are set out in the table below:
**----- Start of picture text -----**
Risk Mitigating Actions
**----- End of picture text -----**
|Risk
Mitigating Actions|Risk
Mitigating Actions|
|---|---|
|Failure to secure ongoing unrestricted
funding to cover operational costs.|
The charity has formed strong relationships with
funders and has a proven track record for successful
delivery.
A diversified fundraising strategy to include corporate
organisations and a paid partnership scheme is in
place and is being operationalised. There is a healthy
pipeline of opportunities from not for profit funders
to businesses.
The charity is part of a national network of Young
People’s foundations who are making the case
strategically for the ongoing investment in Local Youth
Partnerships.|
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## Young Manchester
## Trustees’ annual report for the year ended 31 March 2023
|No tested a sustainable business
model|2023-24 is a transition year where business models
and fundraising tactics are being tested.
Young Manchester is developing relationships with
organisations and key business individual supporting
the implementation of these models.|
|---|---|
|Loss of key staff|Wellbeing focus of organisation.
Focus on systems and processes in annual plan to
support institutional strength, particularly a focus on
finance.|
|A safeguarding incident occurs within
a project funded by Young
Manchester.|Safeguarding is embedded in Young Manchester's
commissioning processes including due diligence
review of partners safeguarding policy prior to funding
along with on-going monitoring.|
## Plans for future periods
Young Manchester remains committed to maintaining our ambitions for children and young people in the city, ensuring that our values and principles shine through, and that all children and young people have outstanding opportunities.
The existential challenges facing the organisation and its members has led to the further reviews and refinement of the organisation business model during this period. Our priorities for the year 2023/24 are:
- Sharing power with children and young people – we will focus on ensuring that Young Manchester is genuinely supporting young people to shape the charity, including through our board of trustees, co leadership our young staff team and our ambassadors
- Sharing power with children and young people - we will platform, champion and seed young people driving change in their lives, communities and city. We will do this through grant making and incubating activists and change makers
- Delivering high quality programmes for all children and young people in Manchester, with a focus on those most excluded.
- Equity, Diversity, Inclusion and Belonging – We know that ‘the system’ is unjust and that children and young people’s rights are not realized. We also know that this is not experienced equally, we’ll focus effort this year on our own organization and in the sector to support significant improvements in the experiences of children and young people, through championing and delivery.
- Income Generation - Key to all our work will be income generation, both securing core funds for Young Manchester and significant further investment in the non-profit sector for children
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Young Manchester
## Trustees’ annual report for the year ended 31 March 2023
and young people across the city. We will continue to diversify income and focus increased attention on pivoting our offer towards corporate engagement.
- Supporting our members - we will consolidate our membership offer to ensure that we are supporting our sector to thrive and deliver for children and young people. We will hone this focus to ensure support for emerging members , those working with racialised groups, those operating in youth led or radical spaces
## Statement of responsibilities of the trustees
The trustees 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).
Charity 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 charity and of the incoming resources and application of resources, including the income and expenditure, of the charity 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
- Make judgements and estimates that are reasonable and prudent
- State whether applicable UK Accounting Standards and statements of recommended practice 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 charity 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 Charities Act 2011. They are also responsible for safeguarding the assets of the charity 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 charity'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.
Auditors
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## Young Manchester
## Trustees’ annual report for the year ended 31 March 2023
Crowe LLP were re-appointed as the charity's auditors during the year and have expressed their willingness to continue in that capacity.
12 / 02 / 2024 The trustees' annual report has been approved by the trustees on …………………………..and signed on their behalf by:
Craig Barratt, Treasurer
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## Independent auditor's report on the financial statements to the members of Young Manchester
## Opinion
We have audited the financial statements of Young Manchester for the year ended 31 March 2023 which comprise the Statement of financial activities, the Balance sheet, the Statement of cash flows and the related notes, including 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 charity's affairs as at 31 March 2023 and of its 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; and
- have been prepared in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and in other respects the requirements of the Charities Act 2011.
## 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 United Kingdom, including the Financial Reporting Council'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.
## Material uncertainty related to going concern
We draw attention to note 1c in the financial statements, which indicates that there is uncertainty of the future funding of the Charity as a result of uncertainty in the future fundraising climate. As stated in note 1c, these events or conditions, along with the other matters as set forth in note 1c, indicate that a material uncertainty exists that may cast significant doubt on the charity's ability to continue as a going concern. Our opinion is not modified in respect of this matter.
In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Our evaluation of the Trustees' assessment of the charity's ability to continue to adopt the going concern basis of accounting included review of forecast income and expenditure with consideration of management assumptions, as well as assessment of the actual Charity trading figures that have occurred since the year end, and the comparison of these figures with earlier forecasts.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.
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Independent auditor's report on the financial statements to the members of Young Manchester
## Other information
The other information comprises the information included in the Annual report other than the financial statements and our Auditor's report thereon. The Trustees are responsible for the other information contained within the Annual report. 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. 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 course of 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 this gives rise to a material misstatement in the financial statements themselves. 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.
Opinion 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 for the financial year for which the financial statements are prepared is consistent with the financial statements.
- 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 our 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 Trustees' Report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate 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.
## Responsibilities of Trustees
As explained more fully in the Trustees' responsibilities statement, the Trustees 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 charity'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 charity or to cease operations, or have no realistic alternative but to do so.
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Independent auditor's report on the financial statements to the members of Young Manchester
## 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 identified and assessed the risks of material misstatement of the financial statements from irregularities, whether due to fraud or error, and discussed these between our audit team members. We then designed and performed audit procedures responsive to those risks, including obtaining audit evidence sufficient and appropriate to provide a basis for our opinion.
We obtained an understanding of the legal and regulatory frameworks within which the charitable company operates, focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements. The laws and regulations we considered in this context were the Charities Act 2011 together with the Charities SORP (FRS 102) and the Companies Act 2006. We assessed the required compliance with these laws and regulations as part of our audit procedures on the related financial statement items.
In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which might be fundamental to the charitable group’s ability to operate or to avoid a material penalty. We also considered the opportunities and incentives that may exist within the charitable company for fraud. The key laws and regulations we considered in this context were General Data Protection Regulation, health and safety legislation and employee legislation.
Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquire of the Trustees and other management and inspection of regulatory and legal correspondence, if any. We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, to be within the override of controls by management. Our audit procedures to respond to these risks included enquiries of management about their own identification and assessment of the risks of irregularities, sample testing on the posting of journals, reviewing accounting estimates for biases, and reading minutes of meetings of those charged with governance.
Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing noncompliance and cannot be expected to detect non-compliance with all laws and regulations.
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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Use of our report
This report is made solely to the Charity's Trustees, as a body, in accordance with Charities Act 2011. Our audit work has been undertaken so that we might state to the charity'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 charity and its members, as a body, for our audit work, for this report, or for the opinions we have formed.
Vicky Szulist
for and on behalf of Crowe U.K. LLP Statutory Auditor 3rd floor The Lexicon Mount Street Manchester M2 5NT
19 / 02 / 2024
Date:
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## Young Manchester
## Statement of Financial Activities for the year ended 31 March 2023
|Unrestricted
funds
Note
£
Income from:
Donations and legacies
3
32,438
Charitable activities
4
85,902
Total income
118,340
Expenditure on:
Charitable activities
5
244,595
Total expenditure
244,595
(126,255)
8
(126,255)
Transfer between funds
83,176
Net movement in funds for the year
(43,079)
Reconciliation of funds
Total funds brought forward
231,760
Total funds carried forward
188,681
Net income/(expenditure) before net
gains/(losses) on investments
Net income/(expenditure) for the year|Restricted
funds
£
-
355,612
355,612
1,080,683
1,080,683
(725,071)
(725,071)
(83,176)
(808,247)
1,140,944
332,697|Total funds
2023
£
32,438
441,514
473,952
1,325,278
1,325,278
(851,326)
(851,326)
-
(851,326)
1,372,704
521,378|_Unrestricted_
_funds_
_£_
_29,496_
_258,896_
_288,392_
_257,193_
_257,193_
_31,199_
_31,199_
_22,000_
_53,199_
_178,561_
_231,760_|_Restricted_
_funds_
_£_
_132,829_
_2,902,618_
_3,035,447_
_2,892,944_
_2,892,944_
_142,503_
_142,503_
_(22,000)_
_120,503_
_1,020,441_
_1,140,944_|_Total funds_
_2022_
_£_
_162,325_
_3,161,514_
_3,323,839_
_3,150,137_
_3,150,137_
_173,702_
_173,702_
_-_
_173,702_
_1,199,002_
_1,372,704_|
|---|---|---|---|---|---|
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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## Young Manchester Charity Number 1166873
## Balance sheet as at 31 March 2023
|Note
£
£
Current assets
Debtors
14
127,724
Cash at bank and in hand
439,088
Total current assets
566,812
Liabilities
Creditors: amounts falling
due in less than one year
15
(45,434)
Net current assets
521,378
Total assets less current liabilities
521,378
Net assets
521,378
The funds of the charity:
Unrestricted funds
18
188,681
Restricted funds
17
332,697
Total charity funds
521,378
2023|_£_
_£_
_100,551_
_1,505,637_
_1,606,188_
_(233,484)_
_1,372,704_
_1,372,704_
_1,372,704_
_231,760_
_1,140,944_
_1,372,704_
_2022 as restated_|
|---|---|
The notes on pages 18 to 38 form part of these accounts.
12 / 02 / 2024 Approved by the trustees …..................................... and signed on their behalf by:
Craig Barratt, Trustee
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Young Manchester
## Statement of Cash Flows for the year ending 31 March 2023
|Note
2023
£
Cash provided by/(used in) operating activities
20
(1,066,549)
(1,066,549)
Cash and cash equivalents at the beginning of the year
1,505,637
Cash and cash equivalents at the end of the year
439,088
Increase/(decrease) in cash and cash
equivalents in the year|_2022_
_£_
_(891,355)_
_(891,355)_
_2,396,992_
_1,505,637_|
|---|---|
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Young Manchester
Notes to the accounts for the year ended 31 March 2023
## 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.
Young Manchester 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 have assessed the ability of the Charity to continue as a going concern, considering events and conditions that may cast significant doubt upon its ability to do so for the period to March 2025. There are however material uncertainties within this assessment.
Based on its appropriate enquiries the Trustees, at the time of their approval, note that while very immediate funding is secure and a strategy in place, there is uncertainty in the future fundraising climate.
This has been a transitional year from the charity, in which we have shared power with children and young people, strengthened as a membership organisation, diversified our partnerships, aligned closely with the YPF Trust and increased the diversity of our funding base. This work continues to build on solid foundations already established, including a strong and robust network of local and national supporters and stakeholders, including funding partnerships which the charity will seek to develop and grow. The organisation has clear fundraising plans in place, delivering a range of income generation tactics, exploring new fundraising opportunities (including community fundraising and consortium projects). These plans however are not yet fully tested and though there is a clear and identified need and role for Young Manchester it is not yet fully clear whether this can be resourced in a sustainable way. In order to mitigate this risk, the Trustees are developing options to reduce costs - whilst retaining Young Manchester’s core offer to member organisations - and will be consulting with members and stakeholders in the coming months.
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Notes to the accounts for the year ended 31 March 2023 (continued)
## d Income
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
Income received in advance of a provision of a specified service is deferred until the criteria for income recognition are met.
## e Donated services and facilities
Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised; refer to the trustees’ annual report for more information about their contribution.
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.
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Notes to the accounts for the year ended 31 March 2023 (continued)
## 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. Expenditure is classified under the following activity headings:
- Expenditure on charitable activities includes costs undertaken to further the purposes of the charity and their associated support costs.
- Other expenditure represents those items not falling into any other heading.
Irrecoverable VAT is charged as a cost against support costs.
- i Allocation of support costs
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the charity's programmes and activities.
- j Tangible fixed assets
Individual fixed assets costing £500 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a straight line basis as follows:
Office fixtures and equipment 33%
## 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.
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Young Manchester
## Notes to the accounts for the year ended 31 March 2023 (continued)
## m Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## n Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## o Pensions
Employees of the charity are entitled to join a defined contribution ‘money purchase’ scheme. The charity’s contribution is restricted to the contributions disclosed in note 10. There were no outstanding contributions at the year end. The costs of the defined contribution scheme are included within support and governance costs and allocated to the funds of the charity using the methodology set out in note 8.
## 2 Legal status of the charity
The charity is a charitable incorporated organisation registered with the Charity Commission in the United Kingdom (England and Wales) and has no share capital. In the event of the charity being wound up, the members of the CIO have no liability to contribute to its assets and no personal responsibility for settling its debts and liabilities.
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## Young Manchester
## Notes to the accounts for the year ended 31 March 2023 (continued)
- 3 Income from donations and legacies
|Donations
Donations in kind
Total
Income from charitable activities
Manchester Health Care
Commissioning
Manchester Health Care
HMRC employers allowance
Commissioning Partnerships
OCT
DWP access to work
Children In Need
Manchester City Council -
Youth & Play fund
Manchester City Council -
Strategic leadership
Manchester City Council -
Total carried forward|Unrestricted
£
6,386
26,052
32,438
Unrestricted
£
-
5,000
-
-
4,270
-
-
-
9,270|Restricted
£
-
-
-
Restricted
£
-
-
-
-
-
25,750
-
(10,000)
15,750|Total 2023
£
6,386
26,052
32,438
Total 2023
£
-
5,000
-
-
4,270
25,750
-
(10,000)
25,020|_Unrestricted_
_£_
_603_
_28,893_
_29,496_
_Unrestricted_
_£_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
-|_Restricted_
_£_
_-_
_132,829_
_132,829_
_Restricted_
_£_
_345,000_
_-_
_13,500_
_34,000_
_-_
_348,750_
_1,250,000_
_100,000_
_2,091,250_|_Total 2022_
_£_
_603_
_161,722_
_162,325_
_Total 2022_
_£_
_345,000_
_-_
_13,500_
_34,000_
_-_
_348,750_
_1,250,000_
_100,000_
_2,091,250_|
|---|---|---|---|---|---|---|
- 4 Income from charitable activities
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## Young Manchester
## Notes to the accounts for the year ended 31 March 2023 (continued)
## Income from charitable activities continued
|Total brought forward
Holiday Play Schemes
Manchester City Council -
City of Social Action
Manchester City Council -
Covid Recovery Fund
Young People's Foundation
Big Lottery Fund (#Iwill)
Curious Minds - Youth
& Play Fund
Manchester City Council -
Strengthening Universal
Services Fund (SEND)
Holiday activities and Food
Impetus The Private Equity Fund
The Princes Trust - Digital
People
Other charitable activities
Commissioning income
Administration income
Total|Unrestricted
£
9,270
-
-
-
24,960
-
-
-
-
-
20,708
136
10,850
19,978
85,902|Restricted
£
15,750
-
25,000
38,482
10,000
-
15,000
199,380
-
50,000
2,000
-
-
-
355,612|Total 2023
£
25,020
-
25,000
38,482
34,960
-
15,000
199,380
-
50,000
22,708
136
10,850
19,978
441,514|_Unrestricted_
_£_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_150,650_
_108,246_
_258,896_|_Restricted_
_£_
_2,091,250_
_100,000_
_-_
_-_
_-_
_410,964_
_-_
_156,000_
_(6,674)_
_-_
_151,078_
_-_
_-_
_-_
_2,902,618_|_Total 2022_
_£_
_2,091,250_
_100,000_
_-_
_-_
_-_
_410,964_
_-_
_156,000_
_(6,674)_
_-_
_151,078_
_-_
_150,650_
_108,246_
_3,161,514_|
|---|---|---|---|---|---|---|
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Young Manchester
## Notes to the accounts for the year ended 31 March 2023 (continued)
- 5 Analysis of expenditure on charitable activities
|Grants awarded (see note 7)
Charitable activities
Staff costs
Engagement and comms
Infrastructure and training
Campaigns
Web development
Marketing and events
Other costs
Consultancy
Academic evaluation
Database costs
Ambassador programme
YPF grant expenditure
Governance costs (see note 6)
Support costs (see note 6)
Restricted expenditure
Unrestricted expenditure|Total 2023
£
970,318
7,772
208,998
13,601
4,450
3,061
3,020
-
331
8,609
(2,792)
-
13,785
-
10,928
83,197
1,325,278
1,080,683
244,595
1,325,278|_Total 2022_
_£_
_2,745,472_
_-_
_222,307_
_3,304_
_2,941_
_2,517_
_6,113_
_900_
_409_
_1,120_
_36,002_
_8,981_
_6,891_
_200_
_11,049_
_101,931_
_3,150,137_
_2,892,944_
_257,193_
_3,150,137_|
|---|---|---|
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## Young Manchester
## Notes to the accounts for the year ended 31 March 2023 (continued)
- 6 Analysis of governance and support costs
|Staff costs
Office space / premises
Office running costs
Administration expenses
Database and monitoring
Web development
Travel and subsistence
Training
Insurance
Sponsorship
Storage
Digital communication
IT costs
Consultancy
Recruitment
Young ambassadors
Governance
Irrecoverable VAT|Support
£
5,804
28,142
9,072
1,291
-
-
321
1,264
5,152
-
596
4,520
3,651
22,143
-
-
-
1,241
83,197|Governance
£
5,438
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
5,490
-
10,928|_2023_
£
11,242
28,142
9,072
1,291
-
-
321
1,264
5,152
-
596
4,520
3,651
22,143
-
-
5,490
1,241
94,125|_Support_
_£_
36,045
33,857
-
6,196
1,344
194
427
3,855
4,405
300
504
-
2,664
5,540
5,681
20
-
899
_101,931_|_Governance_
_£_
_5,099_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_5,950_
_-_
_11,049_|_2022_
_£_
_41,144_
_33,857_
_-_
_6,196_
_1,344_
_194_
_427_
_3,855_
_4,405_
_300_
_504_
_-_
_2,664_
_5,540_
_5,681_
_20_
_5,950_
_899_
_112,980_|
|---|---|---|---|---|---|---|
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7
Notes to the accounts for the year ended 31 March 2023 (continued)
|Grants awarded|2023|_2022_|
|---|---|---|
|42nd Street|39,974|_63,339_|
|4CT|59,482|_298,545_|
|Active Communities Network|-|_37,500_|
|Barlow Moor Community Association|20,068|_79,352_|
|Bee Squad|-|_5,506_|
|Benchill Community Centre|34,997|_-_|
|Billy and Andy's Music School|-|_5,896_|
|Brighter Sounds|5,000|_-_|
|Brook Young People|-|_14,944_|
|Burnage Academy School|984|_-_|
|Centre for Youth Impact|-|_13,322_|
|Communities for All|-|_5,000_|
|Communities on Solid Ground|1,468|_34,928_|
|Contact|-|_52,707_|
|Diane Mohdal Sports Foundation|1,479|_10,000_|
|Elevate Young Minds|19,950|_19,950_|
|Evolve Manchester|-|_3,900_|
|Families Against Violence|20,000|_20,000_|
|Gaddum|49,909|_-_|
|GM Coalition of Disabled People|18,950|_38,270_|
|GM Youth Network|106,243|_126,297_|
|Groundwork MSSTT|711|_50,991_|
|Hideaway|-|_20,000_|
|Hideout Youth Zone|2,845|_-_|
|Hive Learning Network|-|_142,700_|
|Holy Trinity|-|_14,230_|
|HOME MCR|8,950|_49,243_|
|Justlife|20,000|_-_|
|Kartwheel Arts|500|_-_|
|Lancashire Lions Visually Impaired Sports Club|4,880|_-_|
|KYSO Project CIC|-|_1,000_|
|LEAD+|-|_10,962_|
|Levenhulme Youth Project|19,074|_4,091_|
|LGBT Foundation|19,795|_-_|
|Lovely Heritage Downs Syndrome|1,253|_-_|
|M13 Youth Project|20,995|_168,187_|
|Mad Theatre|2,970|_9,209_|
|Making Education a Priority|18,000|_16,919_|
|Manchester City FC in the Community Foundation|12,760|_-_|
|Manchester Deaf Centre|-|_20,000_|
|Total carried forward|511,237|_1,336,988_|
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## Notes to the accounts for the year ended 31 March 2023 (continued)
## Grants awarded continued
|Total brought forward|511,237|_1,336,988_|
|---|---|---|
|Manchester Outdoor Education Trust|17,563|_17,562_|
|Manchester Settlement|22,600|_19,600_|
|Manchester Urban Diggers|15,993|_-_|
|Manchester Young Lives|-|_147,856_|
|Manchester Youth Zone|67,401|_274,066_|
|Manchester Youth Group|-|_1,000_|
|MGT Youth Group|1,000|_-_|
|Millenium Powerhouse|2,500|_69,559_|
|Music Stuff|-|_15,000_|
|Nacro|-|_50,000_|
|N-Gage|17,000|_52,788_|
|Nurturing Foundations|19,250|_23,493_|
|Odd Arts|5,367|_19,470_|
|Old Moat Youth Outreach Project|-|_69,030_|
|One Manchester|-|_15,020_|
|Out Space Youth Club|2,000|_-_|
|Outward Bound Trust|-|_1,746_|
|Parthian Climbing Ltd|2,500|_-_|
|Power 2|30,000|_-_|
|Projekts|35,053|_-_|
|Rainbow Surprise|1,520|_10,304_|
|Raspberry Pi|-|_19,400_|
|RECLAIM|25,000|_9,435_|
|Regen|5,000|_-_|
|Rekindle School Ltd|6,930|_-_|
|SENDcode CIC|2,500|_23,550_|
|Simply Cycling|8,650|_7,167_|
|South Manchester Partnerships|-|_6,000_|
|Sow the City|4,000|_18,000_|
|Starling|35,850|_7,000_|
|Strategic Partnerships|-|_822_|
|The Anson Cabin Project|-|_1,236_|
|The Community|-|_1,000_|
|The Manchester Deaf Centre|20,000|_-_|
|The Proud Trust|20,000|_100,705_|
|The Politics Project|9,000|_-_|
|The Whitworth|1,763|_-_|
|Thrive Manchester|-|_5,500_|
|Unity Radio|-|_25,000_|
|UpRising|-|_60,000_|
|The Children's Adventure Farm Trust Ltd|3,048|_-_|
|Total carried forward|892,725|_2,408,297_|
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## Notes to the accounts for the year ended 31 March 2023 (continued)
## Grants awarded (continued
|Total brought forward
Venture Arts
Water Adventure Centre
Warrington Youth Zone
Whalley Range Youth Alliance
Wythenshawe Community Housing Group
Yellow JigSaw
YMCA George Williams College
Young Manchester Carers Forum
Z-Arts
Small event grants
CISCO in Kind Contribution to Digital People
Total grants awarded
8
Net income/(expenditure) for the year
This is stated after charging/(crediting):
Auditor's remuneration - audit fees
9
Staff costs
Staff costs during the year were as follows:
Wages and salaries
Social security costs
Pension costs|892,725
8,659
1,000
4,874
-
15,347
13,487
14,000
19,926
300
-
-
970,318
2023
£
5,590
2023
£
197,371
17,612
5,257
220,240|_2,408,297_
_4,434_
_-_
_-_
_31,461_
_175,903_
_-_
_-_
_-_
_-_
_14,258_
_111,379_
2,745,732
_2022_
_£_
_6,000_
_2022_
_£_
_237,435_
_17,537_
_8,479_
_263,451_|
|---|---|---|
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## Notes to the accounts for the year ended 31 March 2023 (continued)
Staff costs continued
|Allocated as follows:
Charitable activities
Support costs
Governance costs|208,998
5,804
5,438
220,240|_222,307_
_36,045_
_5,099_
_263,451_|
|---|---|---|
No employee has employee benefits in excess of £60,000 (2022: 1).
The average number of staff employed during the period was 9 (2022: 10).
The key management personnel of the charity comprise the trustees, and the director, the head of partnerships. The total employee benefits of the key management personnel of the charity were £125,503 (2022: £100,771).
- 10 Trustee remuneration and expenses, and related party transactions
Neither the management committee nor any persons connected with them received any remuneration or reimbursed expenses during the year (2022: Nil).
No members of the management committee received travel and subsistence expenses during the year. (2022:£nil).
Aggregate donations from related parties were £nil (2022: £1,688k).
The charity enjoys a close working relationship with the following entities through existing trustees. The nature of the relationships are as follows:
## 42nd Street
Simone Finegan is a trustee of Young Manchester, and is also Chief Executive of 42nd Street.
During the year to March 20212 Young Manchester awarded grants totalling £39,974 to 42nd Street (2022: £63,340).
Wythenshawe Community Housing Group (WCHG)
Sarah Klueter is a trustee (and Chair) of Young Manchester, and is also Assistant Director at WCHG. During the year to March 2021, Young Manchester awarded grants totalling £15,347 to WCGH (2022: £101,108).
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 (2022: nil).
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Notes to the accounts for the year ended 31 March 2023 (continued)
## 11 Government grants
The government grants recognised in the accounts were as follows:
|DWP access to work
Manchester City Council - Youth and Play
Manchester City Council - Strategic Leadership
Manchester City Council - Holiday Play
Schemes
Big Lottery Fund
Manchester City Council - Strengthening Universal
Services
Manchester City Council - City of Social Action
Young People Safe
Manchester City Council - Covid Recovery Fund
Manchester City Council - Holiday Activities
and Food|2023
£
4,270
-
(10,000)
-
-
-
199,380
25,000
-
38,481
-
257,131|_2022_
_£_
_-_
_1,250,000_
_90,000_
_100,000_
_410,964_
_216,000_
_-_
_-_
_-_
_(6,674)_
2,060,290|
|---|---|---|
There were no unfulfilled grant conditions outstanding at the time of producing the annual accounts.
## 12 Corporation tax
The charity is exempt from tax on income and gains falling within Chapter 3 of Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.
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## Notes to the accounts for the year ended 31 March 2023 (continued)
13 Fixed assets: tangible assets
|Cost
Depreciation
Net book value
14
Debtors
Trade debtors
Other debtors
VAT
Prepayments and accrued income
15
Creditors: amounts falling due within one year
Trade creditors
Accruals
Other creditors
Taxation and social security costs
At 1 April 2022
At 31 March 2023
At 31 March 2023
_At 31 March 2022_
At 31 March 2023
At 1 April 2022|Office
equipment
£
5,894
5,894
5,894
5,894
-
_-_
2023
£
12,571
3,276
7,312
104,565
127,724
2023
£
11,871
29,807
-
3,756
45,434|£
5,894
5,894
5,894
5,894
-
_-_
_2022_
_£_
_5,326_
_-_
_-_
_95,225_
_100,551_
_2022_
_£_
_-_
_15,415_
_218,069_
_-_
233,484
Total|
|---|---|---|
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Notes to the accounts for the year ended 31 March 2023 (continued)
## 16 Deferred income
**----- Start of picture text -----**
2023 2022
£ £
Deferred grant brought forward - 81,272
Grant received - -
Released to income from charitable activities - (81,272)
Deferred grant carried forward - -
**----- End of picture text -----**
## 17 Analysis of movements in restricted funds
|Balance at 1
April 2022
£
Seed Funding
62,649
#Iwill Fund
49,939
City of Social
Action
112,986
Youth and Play
(7,717)
Mental Health Fund
345,000
Digital Inclusion
(170)
Children in Need
173,997
MHCC Covid
Recovery Fund
216,102
OCT Grant Fund
23,038
Empowering Local
7,000
Playschemes
7,280
Strategic
Leadership
53
Strategic
Partnership
11,827
Thrive
52,354
SEND
27,685
Thrive
Engagement
Programme
22,000
Partnerships
Funding
7,000
Carried forward
1,111,023|Income
£
-
18,750
25,000
5,000
-
-
-
38,481
-
7,000
-
-
-
-
199,381
-
-
293,612|Expenditure
£
(25,244)
-
(120,700)
(8,750)
(277,742)
-
(60,404)
(254,583)
(8,920)
(14,000)
(7,397)
-
-
(30,000)
(227,550)
-
(12,000)
(1,047,290)|Transfers
£
(17,625)
(68,689)
-
31,822
22,742
170
(6,250)
-
-
-
117
(53)
(11,827)
(22,354)
13,000
(22,000)
5,000
(75,947)|Balance at 31
March 2023
£
19,780
-
17,286
20,355
90,000
-
107,343
-
14,118
-
-
-
-
-
12,516
-
-
281,398|
|---|---|---|---|---|
32
Doc ID: b9970ec3d679a93075c32807cd32be341b1fdb06
Young Manchester
## Notes to the accounts for the year ended 31 March 2023 (continued)
Analysis of movements in restricted funds continued
|Brought forward
Creative
Engagement
Partnerships
Equality, Diversity
Inclusion
Cheetham - Youth
Engagement Fund
Digital Futures
Young People's
Foundation
Innovation and
Development
Total|Balance at 1
April 2022
_£_
1,111,023
4,357
19,851
-
5,371
-
266
76
1,140,944|Income
_£_
_293,612_
-
-
50,000
2,000
10,000
-
355,612|Expenditure
_£_
_(1,047,290)_
-
(18,000)
(8,366)
(2,069)
(4,958)
-
(1,080,683)|Transfers
_£_
_(75,947)_
-
(1,851)
-
(5,302)
-
(76)
(83,176)|Balance at 31
March 2023
_£_
_281,398_
4,357
-
41,634
-
-
5,308
-
332,697|
|---|---|---|---|---|---|
Transfers and corrections to opening balance
In the 2022 signed accounts, the amount of the SEND fund carried forward was £(12,506). That figure should have been £27,865, and that is the amount that has now been brought forward as at 1 April 2022. The origin of this error was the amount briought forward at 01 April 2021, which was stated as nil in the 2022 accounts, but should have been £40,191. This has been corrected in the comparatives here.
The #Iwill Fund transferred £49,939 to Youth and Play, because the #Iwill Fund included match funding for Youth and Play. Various other smaller transfers to unrestricted funds were made to reflect costs borne in unrestricted funds that related to those projects.
|_As restated_
_Balance at 1_
_April 2021_
_Comparative period_
_Seed Funding_
_176,125_
_#Iwill Fund_
_419,140_
_City of Social_
_Action_
_-_
_Youth and Play_
_-_
_Mental Health Fund_
_-_
_Digital Inclusion_
_-_
_Children in Need_
_-_
_Carried forward_
_595,265_|_Income_
_2,050_
_-_
_-_
_1,250,000_
_345,000_
_19,400_
_348,750_
_1,965,200_|_Expenditure_
_(70,115)_
_-_
_(111,626)_
_(1,457,717)_
_-_
_(19,570)_
_(149,753)_
_(1,808,781)_|_Transfers_
_(45,411)_
_(369,201)_
_224,612_
_200,000_
_-_
_-_
_(25,000)_
_(15,000)_|_As restated_
_Balance at_
_31 March_
_2022_
_62,649_
_49,939_
_112,986_
_(7,717)_
_345,000_
_(170)_
_173,997_
_736,684_|
|---|---|---|---|---|
33
Doc ID: b9970ec3d679a93075c32807cd32be341b1fdb06
## Young Manchester
Notes to the accounts for the year ended 31 March 2023 (continued)
|_Brought forward_
_MHCC Covid_
_Recovery Fund_
_OCT Grant Fund_
_Empowering Local_
_Playschemes_
_Strategic_
_Leadership_
_Strategic_
_Partnership_
_Thrive_
_SEND_
_Thrive_
_Engagement_
_Programme_
_Partnerships_
_Funding_
_Creative_
_Engagement_
_Partnerships_
_Equality, Diversity_
_Inclusion_
_Violence Reduction_
_Fund_
_Holiday Activity_
_& Food Fund_
_Digital Futures_
_Young People's_
_Foundation_
_Innovation and_
_Development_
_Total_|_Balance at 1_
_April 2021_
_595,265_
_-_
_-_
_-_
_16,579_
_17,876_
_-_
_178,913_
_40,191_
_22,000_
_20,000_
_4,408_
_69,639_
_20,000_
_29,418_
_5,885_
_266_
_-_
_1,020,440_|_Income_
_1,965,200_
_410,965_
_34,000_
_7,000_
_100,000_
_100,000_
_13,500_
_-_
_149,000_
_-_
_-_
_-_
_-_
_-_
_(6,674)_
_262,457_
_-_
_-_
_3,035,448_|_Expenditure_
_(1,808,781)_
_(194,863)_
_(10,962)_
_-_
_(109,299)_
_(117,823)_
_(1,673)_
_(126,559)_
_(161,506)_
_-_
_(6,000)_
_(51)_
_(49,788)_
_(20,000)_
_(22,744)_
_(262,971)_
_-_
_76_
_(2,892,944)_|_Transfers_
_(15,000)_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_(7,000)_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_(22,000)_|_Balance at_
_31 March_
_2022_
_736,684_
_216,102_
_23,038_
_7,000_
_7,280_
_53_
_11,827_
_52,354_
_27,685_
_22,000_
_7,000_
_4,357_
_19,851_
_-_
_-_
_5,371_
_266_
_76_
_1,140,944_|
|---|---|---|---|---|---|
34
Doc ID: b9970ec3d679a93075c32807cd32be341b1fdb06
Young Manchester
Notes to the accounts for the year ended 31 March 2023 (continued)
|Name of||
|---|---|
|restricted fund|Description, nature and purposes of the fund|
|Seed Funding|This is funding provided to support Young Manchester to work towards|
||achieving its charitable objectives via a number of areas, for example, business|
||development and continuity, digital communications, match funding to attract|
|#Iwill fund|This funds youth and play with social action, delivered by neighbourhood and|
||city wide Voluntary and Community Sector (VCS) partners to ensure children|
||and young people aged 5-19 (up to 25 for care leavers and those with|
||additional needs) have sufficient good quality access to youth and play services|
||in their local areas and where the needs are greatest.|
|City of Social Action|A project supporting the voice of Children and young people in the City of|
||Manchester.|
|OCT Fund|To improve networks in the voluntary sector|
|Youth and Play|Delivery of Youth and Play service for Children and Young People.|
|Mental Health Fund|Supporting children and young people's mental health as a result of covid 19|
|Digital Inclusion|Supporting children and young people excluded from the internet exacerbated|
||by the pandemic.|
|Playschemes|This fund complements the all year round play offer in Manchester. The|
||funding aims to enable open access play activities, primarily over the summer|
||and Easter holidays, with particular focus on: addressing gaps in|
||provision; increasing the numbers of disabled children accessing universal play|
||services; and increasing children’s opportunities to play outdoors. This is|
||achieved through the delivery of play activities from the Voluntary and|
||Community Sector in Manchester.|
|Strategic Leadership|This fund is used to support organisations who want to improve their strategic|
||leadership – which will result in significant positive change at a local level.|
|Thrive|The purpose of the Thrive fund is to improve the mental health and wellbeing|
||of children and young people with emotional health and wellbeing, mental|
||health, learning disability and neuro disability challenges.|
|SEND|The purpose of this fund is to support pilot projects which demonstrate|
||enhancement to the current provision/service to better accommodate children|
||and young people with SEND to build confidence, reduce|
||anxiety and increase independence. This is hoped to be achieved by: improving|
||access to universal provision for SEND children and young people; increasing|
||attendance of children and young people with SEND in|
||universal provision; improving inclusivity of universal provision to support|
||children and young people.|
|Children In Need|This fund is used to explore and evidence approaches to tackling violence which|
||impacts on young people, including the development and enhancement of|
||current youth and play work practice. The fund works towards the|
||development of a city-wide strategy and theory of change.|
35
Doc ID: b9970ec3d679a93075c32807cd32be341b1fdb06
Young Manchester
Notes to the accounts for the year ended 31 March 2023 (continued)
|Name of||
|---|---|
|restricted fund|Description, nature and purposes of the fund|
|MHCC Covid Recovery|Supporting the voluntary sector to mitigate the effect of the pandemic on|
|Fund|business continuity|
|Empowering Local|Strategic project to influence national funders in considering how they invest in|
||place.|
|Thrive Engagement|The objective of this programme is to ensure that the voices and lived|
|Programme|experiences of children and young people inform the development and delivery|
||of the Thrive model in Manchester.|
|Strategic Partnerships|To make the case of the voluntary sector to support the public sector to deliver|
||strategic outcomes.|
|Partnerships Fund|The purpose of this fund is to strengthen partnership working in the youth and|
||play sector in Manchester.|
|Creative Engagement|The Creative Engagement Partnership for Young People had the purpose of|
|Partnership|bringing together organisations providing outstanding opportunities for|
||children and young people in Manchester through youth work, play, arts,|
||culture, heritage and sport during the COVID-19 pandemic. The partnership is|
||focused on addressing three core challenges for the youth sector: safety of|
||young people, business continuity and business transformation.|
|Equality, Diversity and|This fund will be used in a number of ways in order to address the challenges|
|Inclusion Fund|which many children and young people face due to the barriers to their success|
||which are based on deep-seated, structural inequality including|
||racial injustice.|
|Violence Reduction|The objectives of this fund is to invest in enhancing delivery for children and|
|Fund|young people in Hulme, Moss Side and Rusholme. The work will specifically|
||seek to: increase engagement by young people in conversations which|
||explore their aspirations, skills and talents; increase the confidence of young|
||people in having a say in the issues that affect and influence the decisions|
||made about services in their community; increase mutual trust between|
||young people and local service providers.|
|Holiday Activity and|Alongside the universal playschemes funding, the purpose of the holiday|
|Food Fund|activities and food fund is to tackle holiday hunger for children and young|
||people in Manchester during school holidays through the provision of|
||food and enriching activities. This funding is specifically aimed at reaching|
||children accessing benefits relating to free school meals.|
|Digital Futures Fund|The purpose of this fund is to meet the ongoing need for digital skills among|
||young people in Greater Manchester which has been exacerbated by the Covid-|
||19 pandemic. A new model of human-centred training to equip young|
||people who most need employment opportunities with the most in-demand|
||digital skills, including software development, network engineering, cloud and|
||cyber.|
|Cheetham - Youth||
|Engagement Fund||
|Young People's|A grant awarded by the YPF Trust to be used on staff training, development and|
|Foundation Grant|support in response to the added pressure created by the Covid-19 pandemic.|
36
Doc ID: b9970ec3d679a93075c32807cd32be341b1fdb06
Young Manchester
## Notes to the accounts for the year ended 31 March 2023 (continued)
## 18 Analysis of movement in unrestricted funds
|_Comparative period_
General fund
Designated fund
_Designated funds_
General fund
_General fund_
Name of
unrestricted fund|Balance at 1
April 2022
Income
Expenditure
Transfers
£
£
£
£
231,760
118,340
(244,595)
83,176
231,760
118,340
(244,595)
83,176
_Balance at_
_1 April 2021_
_Income_
_Expenditure_
_Transfers_
_£_
_£_
_£_
_£_
_80,000_
_288,392_
_(257,193)_
_120,561_
_98,561_
_-_
_-_
_(98,561)_
_178,561_
_288,392_
_(257,193)_
_22,000_
Description, nature and purposes of the fund
The free reserves after allowing for all designated funds
Designated funds represent 5 months of running costs.
Amalgamated into the general fund in the prior year as it is not
a requirement to show this separately|As at 31
March 2023
£
188,681
188,681
_As at 31_
_March 2022_
_£_
_231,760_
_-_
_231,760_|
|---|---|---|
37
Doc ID: b9970ec3d679a93075c32807cd32be341b1fdb06
Young Manchester
## Notes to the accounts for the year ended 31 March 2023 (continued)
19 Analysis of net assets between funds
|Net current assets/(liabilities)
Total
_Comparative period_
_Net current assets/(liabilities)_
_Total_|General
fund
£
239,980
239,980
_General_
_fund_
_£_
_271,952_
_271,952_|Designated
funds
£
-
-
_Designated_
_funds_
_£_
_-_
_-_|Restricted
funds
£
281,398
281,398
_Restricted_
_funds_
_£_
_1,100,752_
_-_|Total 2023
£
521,378
521,378
_Total 2022_
_£_
_1,372,704_
_1,372,704_|
|---|---|---|---|---|
20 Reconciliation of net movement in funds to net cash flow from operating activities
|Net income/(expenditure) for the year
Adjustments for:
Decrease/(increase) in debtors
Increase/(decrease) in creditors
Net cash provided by/(used in) operating activities|2023
£
(851,326)
(27,173)
(188,050)
(1,066,549)|_2022_
_£_
_173,702_
_78,735_
_(1,143,792)_
_(891,355)_|
|---|---|---|
38
Doc ID: b9970ec3d679a93075c32807cd32be341b1fdb06