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← Young Manchester

2024-03-31-accounts

Charity Number: 1166873

Young Manchester

Annual report and financial statements For the year ended 31 March 2024

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Young Manchester Reference and administration information

Charity number 1166873 Registered office and operational address Linley House Dickinson Street Manchester M1 4LF

Trustees

Trustees who served during the year and up to the date of this report were as follows:

Sarah Klueter Furqan Naeem Bounty Vegah Daniel Suba Victor Lawes Roukagia Afan George Whalley (Resigned July 2023) Simone Finegan James O’Farrell Jodie McNally Craig Barratt (Appointed July 2023)

Key management personnel

Imogen Gregg-Auriac Co-Chief Executive Officer (Resigned December 2023) Samuel Remi-Akinwale 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

Independent examiner

Patrick Morrello ACA, 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 2024

The Trustees present their annual report together with the unaudited financial statements of the charity for the year 1 April 2023 to 31 March 2024. 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). Reference and administrative information set out on page 1 forms part of this report.

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:

Young Manchester provides grant programmes that directly benefit children and young people in line with our charitable purpose.

In awarding grants Young Manchester aims to be proactive, fair, efficient and professional. Our approach grant making criteria is clear and consistent, but will also remain flexible in order to ensure that donors wishes can be incorporated and that changing needs in our communities are addressed.

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Young Manchester

Trustees’ annual report for the year ended 31 March 2024

We develop grant making processes that best suit the programme and the needs of the sector and children and young people which can include collaborative approaches to funding and limits fostering competition within the sector where possible.

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.

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 NHS Greater Manchester.

Beyond this the mission has expanded to support children and young people to influence businesses that impact their lives through consultations, co-design and delivery of activities centring young people’s voices and insights.

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 2024, we note that the financial challenges continue for Young Manchester and the whole youth and play sector along with the children and young people it supports.

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Young Manchester

Trustees’ annual report for the year ended 31 March 2024

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.

Young Manchester secured £100,000 in unrestricted support for the transitional year of 24/25 from Esmee Fairbairn and Paul Hamlyn Foundation.

There are three achievements that the Trustees wish to highlight for the year:

A snapshot of key highlights are shared below

Strengthening the Youth & Play Sector

Young Manchester’s free membership programmes work 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 have continued the growth of our members networks and supplementary school's partnerships. Benefits delivered for members include:

W/ Youth

W/Youth seeks to build on the work of ‘The City of Social Action’ 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. W/Youth furthers this by supporting children and young people to influence business practices and strategy through consultations, co-design work. We have found this to be successful in the work we have done with University of Manchester, Sister and Manchester Fort.

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 maintained this by maintaining our young CEO in their role.

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Young Manchester

Trustees’ annual report for the year ended 31 March 2024

Beneficiaries of our services

Young Manchester's mission is to improve the life chances of children and young people across Manchester. Young people aged 8 - 19 are the primary beneficiaries of our work, they are the primary age group for youth and play services and activities in the city.

We aim to support the most vulnerable or most in need children and young people in Manchester. Hence, our grants programmes may be targeted at children and young people: with special educational needs and disabilities; of racialised and marginalised ethnic groups and from economically challenged households.

Nevertheless, we aspire for a Manchester where:

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 2026. 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 have a range of options to reduce costs - whilst retaining Young Manchester’s core grants making, convening and youth listening functions – which are financial sufficient.

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Young Manchester

Trustees’ annual report for the year ended 31 March 2024

(b) Review of 2023/24 performance

We ended the year with a deficit of £295k, however, we maintain an unrestricted reserves position of £154,388 as of March 2024. This is reflective of the uncertainty in the sector. Despite the challenge of the year as we settled into the co-CEO model.

Nevertheless, we found success in establishing our new business model as we diversify our offer - securing clients such as Sister, University of Manchester and Manchester Fort; whilst maintaining our SEND Local Offer grants programme and expanding our Hope for Cheetham programme through match funding from the Manchester City Council’s Youth & Play team and Community Safety teams.

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 2024 the charity's reserves were:

Unrestricted funds (free reserves): £154,388
Restricted funds: £72,073
Total funds: £226,461

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.

The management of the CIO is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.

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Young Manchester

Trustees’ annual report for the year ended 31 March 2024

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.

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

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.

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 development of the youth CEO model, the organisation is working to establish strong operational infrastructure to ensure the sustained and agile delivery of our grant making and infrastructure activities whilst further cultivating our youth programmes supporting young people to lead, shape and influence the city they live in.

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Young Manchester

Trustees’ annual report for the year ended 31 March 2024

(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:

==> picture [413 x 441] intentionally omitted <==

----- Start of picture text -----
Risk Mitigating Actions
Failure to secure ongoing The charity has formed strong relationships with
unrestricted funding to cover funders and has a proven track record for successful
operational costs. delivery.
Young Manchester has established a diversified
income pipeline 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.
Loss of key staff Focus on systems and processes in annual plan to
support institutional strength, particularly a focus on
finance and operations. This practically looks like
comprehensive process mapping, automation and the
development of process resources.
Wellbeing focus of organisation implemented through
line management support and culture management.
Loss of key Board members The organisation will deliver a trustee recruitment
drive in early FY 24/25.
Furthermore, the Young Manchester will support skill
development amongst trustees.
----- End of picture text -----

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.

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Young Manchester

Trustees’ annual report for the year ended 31 March 2024

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 2025/26 are:

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:

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Young Manchester

Trustees’ annual report for the year ended 31 March 2024

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

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

30 / 01 / 2025

The trustees' annual report has been approved by the trustees on …………………………..and signed on their behalf by:

Craig Barratt Treasurer

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Young Manchester

Independent examiner’s report to the trustees for the year ended 31 March 2024

I report on the accounts of the charity for the year ended 31 March 2024 set out on pages 12 to 33.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (“the Charities Act”) and that an independent examination is needed. The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of ICAEW .

It is my responsibility to:

Basis of independent examiner’s statement

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Other matters

Your attention is to drawn to the fact that the charity has prepared the accounts (financial statements) 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

We understand that this has been done in order for the accounts to provide a true and fair view in

accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

  1. which gives me reasonable cause to believe that, in any material respect, the requirements:

  2. to keep accounting records in accordance with section 130 of the Charities Act; and

  3. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act

have not been met; or

  1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

D Worrcllo

Patrick Morrello ACA

Third Sector Accountancy Limited Holyoake House Hanover Street Manchester, M60 0AS

30 / 01 / 2025

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Young Manchester

Statement of Financial Activities for the year ended 31 March 2024

Unrestricted
funds
Note
£
Income from:
Donations and legacies
3
-
Charitable activities
4
137,544
Total income
137,544
Expenditure on:
Charitable activities
5
171,837
Total expenditure
171,837
(34,293)
8
(34,293)
Transfer between funds
-
Net movement in funds for the year
(34,293)
Reconciliation of funds
Total funds brought forward
188,681
Total funds carried forward
154,388
Net income/(expenditure) before net
gains/(losses) on investments
Net income/(expenditure) for the year		 Restricted
funds
£
1,000
657,603
658,603
919,227
919,227
(260,624)
(260,624)
-
(260,624)
332,697
72,073		 Total funds
2024
£
1,000
795,147
796,147
1,091,064
1,091,064
(294,917)
(294,917)
-
(294,917)
521,378
226,461		 Unrestricted
funds
£
32,438
85,902
118,340
244,595
244,595
(126,255)
(126,255)
83,176
(43,079)
231,760
188,681		 Restricted
funds
£
-
365,612
365,612
1,080,683
1,080,683
(715,071)
(715,071)
(83,176)
(798,247)
1,140,944
342,697		 Total funds
2023
£
32,438
451,514
483,952
1,325,278
1,325,278
(841,326)
(841,326)
-
(841,326)
1,372,704
531,378

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 2024

Note 2024 2023
£ £ £ £
Current assets
Debtors 14 132,208 127,724
Cash at bank and in hand 204,145 439,088
Total current assets 336,353 566,812
Liabilities
Creditors: amounts falling
due in less than one year 15 (109,892) (45,434)
Net current assets 226,461 521,378
Total assets less current liabilities 226,461 521,378
Net assets 226,461 521,378
The funds of the charity:
Unrestricted funds 17 154,388 188,681
Restricted funds 16 72,073 332,697
Total charity funds 226,461 521,378

The notes on pages 15 to 33 form part of these accounts.

30 / 01 / 2025 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 2024

Note
2024
£
Cash provided by/(used in) operating activities
19
(234,943)
(234,943)
Cash and cash equivalents at the beginning of the year
439,088
Cash and cash equivalents at the end of the year
204,145
Increase/(decrease) in cash and cash
equivalents in the year		 2023
£
(1,066,549)
(1,066,549)
1,505,637
439,088

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Young Manchester

Notes to the accounts for the year ended 31 March 2024

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).

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.

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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Young Manchester

Notes to the accounts for the year ended 31 March 2024 (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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Young Manchester

Notes to the accounts for the year ended 31 March 2024 (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:

Irrecoverable VAT is charged as a cost against 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.

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 2024 (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.

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 2024 (continued)

Donations
Donations in kind
Total
Income from charitable activities
HMRC employers allowance
DWP access to work
Children In Need
Manchester City Council -
Youth & Play fund
Manchester City Council -
City of Social Action
Manchester City Council -
Covid Recovery Fund
Young People's Foundation
Curious Minds - Youth
& Play Fund
Impetus The Private Equity Fund
Total carried forward		 Unrestricted
£
-
-
-
Unrestricted
£
5,000
2,478
-
-
-
-
1,313
-
-
8,791		 Restricted
£
1,000
-
1,000
Restricted
£
-
-
112,500
22,542
-
61,518
22,033
-
-
218,593		 Total 2024
£
1,000
-
1,000
Total 2024
£
5,000
2,478
112,500
22,542
-
61,518
23,346
-
-
227,384		 Unrestricted
£
6,386
26,052
32,438
Unrestricted
£
5,000
4,270
-
-
-
-
24,960
-
-
34,230		 Restricted
£
-
-
-
Restricted
£
-
-
25,750
-
25,000
38,482
10,000
15,000
50,000
164,232		 Total 2023
£
6,386
26,052
32,438
Total 2023
£
5,000
4,270
25,750
-
25,000
38,482
34,960
15,000
50,000
198,462

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Young Manchester

Notes to the accounts for the year ended 31 March 2024 (continued)

Income from charitable activities continued

Unrestricted
£
Total brought forward
8,791
Manchester City Council - Strengthening
Universal Services Fund (SEND)
-
The Princes Trust - Digital People
-
Esmee Fairbairn
50,000
Paul Hamlyn Foundation
50,000
Oglesby Charitable Trust
-
Youth Endowment Fund
-
Home office - windrush
-
Greater Manchester Sports Partnership
Youth Alliance GM Moving
-
The Growth Company
(Supplementary Schools)
-
Manchester City Council -
Members Day
3,700
GMYN - EDI Toolkit Development
2,062
EY Foundation - Transforming
Employment Prospects
3,502
Brighter Sound Ltd - WOMEX
4,902
Manchester City Council -
Keeping Young People Safe
-
Other charitable activities
329
Commissioning income
-
Administration income
14,258
Total
137,544		 Restricted
£
218,593
193,432
-
22,000
-
20,000
93,428
7,150
80,000
3,000
-
-
-
-
20,000
-
-
-
657,603		 Total 2024
£
227,384
193,432
-
72,000
50,000
20,000
93,428
7,150
80,000
3,000
3,700
2,062
3,502
4,902
20,000
329
-
14,258
795,147		 Unrestricted
£
34,230
-
20,708
-
-
-
-
-
-
-
-
-
-
-
-
136
10,850
19,978
85,902		 Restricted
£
164,232
199,380
2,000
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
365,612		 Total 2023
£
198,462
199,380
22,708
-
-
-
-
-
-
-
-
-
-
-
-
136
10,850
19,978
451,514

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Young Manchester

Notes to the accounts for the year ended 31 March 2024 (continued)

Grants awarded (see note 7)
Charitable activities
Staff costs
Engagement and communications
Infrastructure and training
Campaigns
Web development
Other costs
Consultancy
Academic evaluation
Ambassador programme
Governance costs (see note 6)
Support costs (see note 6)
Restricted expenditure
Unrestricted expenditure		 Total 2024
£
707,978
33,329
228,053
5,038
-
-
-
2,166
-
-
4,318
9,311
100,871
1,091,064
919,227
171,837
1,091,064		 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

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Young Manchester

Notes to the accounts for the year ended 31 March 2024 (continued)

6 Analysis of governance and support costs

Staff costs
Office space / premises
Office running costs
Administration expenses
Web development
Travel and subsistence
Training
Insurance
Storage
Digital communication
IT costs
Consultancy
Professional fees
Governance
Irrecoverable VAT		 Support
£
9,822
16,968
7,952
711
2,620
292
3,312
5,071
680
1,336
3,408
12,222
18,773
-
17,704
100,871		 Governance
£
6,751
-
-
-
-
-
-
-
-
-
-
-
-
2,560
-
9,311		 2024
£
16,573
16,968
7,952
711
2,620
292
3,312
5,071
680
1,336
3,408
12,222
18,773
2,560
17,704
110,182		 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

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Young Manchester

Notes to the accounts for the year ended 31 March 2024 (continued)

7 Grants awarded 2024 2023
All grants were made to institutions, not individuals.
42nd Street 9,000 39,974
4CT - 59,482
Abraham Moss Warriors 48,310 -
Active Communities Network 20,000 -
Barlow Moor Community Association - 20,068
Benchill Community Centre - 34,997
Brighter Sounds - 5,000
Burnage Academy School - 984
Cheetham Hill Advice Centre 1,000 -
Communities for All 8,629 -
Communities on Solid Ground - 1,468
Contact Theatre 12,180 -
Creative City England CIC 5,990 -
Diane Mohdal Sports Foundation - 1,479
Elevate Young Minds - 19,950
Everyone Can 1,500 -
Families Against Violence - 20,000
Gaddum - 49,909
GLL 10,920 -
GM Coalition of Disabled People - 18,950
GM Youth Network 162,190 106,243
Goals 5,768 -
Groundwork 5,280 711
Guidance Hub 31,934 -
Hideout Youth Zone - 2,845
HOME MCR - 8,950
Justlife - 20,000
Kartwheel Arts - 500
Kids Of Colour CIC 1,232 -
Lancashire Lions Visually Impaired Sports Club - 4,880
Levenhulme Youth Project - 19,074
LGBT Foundation - 19,795
Lovely Heritage Downs Syndrome - 1,253
M13 Youth Project 35,000 20,995
Mad Theatre 11,868 2,970
Making Education a Priority 23,606 18,000
Manchester City FC in the Community Foundation 1,585 12,760
Manchester Community Central 53,000 -
Manchester Outdoor Education Trust - 17,563
Manchester Schools' PE Association 20,000 -
Manchester Settlement 3,000 22,600
Manchester Urban Diggers 21,467 15,993
Total carried forward 493,459 567,393

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Young Manchester

Notes to the accounts for the year ended 31 March 2024 (continued)

Grants awarded continued
Total brought forward
Manchester Youth Zone
MGT Youth Group
Millenium Powerhouse
N-Gage
Nurturing Foundations
Odd Arts
Our Space Youth Club
Parthian Climbing Ltd
Power 2
Projekts
Rainbow Centre
Rainbow Surprise
RECLAIM
ReflecTeen Hub Organisation
Regen
Rekindle School Ltd
SENDcode CIC
Simply Cycling
Socio-Economic CIC
South Manchester Down Syndrome Support
Sow the City
Starling
StreetGames
The Empowerment People
The Manchester Deaf Centre
The Proud Trust
The Politics Project
The Whitworth
The Children's Adventure Farm Trust Ltd
Venture Arts
Water Adventure Centre
Warrington Youth Zone
Wythenshawe Community Housing Group
Yellow JigSaw
YMCA George Williams College
Young Manchester Carers Forum
YPAC Manchester
Z-Arts
Total grants awarded		 493,459
23,092
6,903
26,212
-
-
-
-
-
-
1,666
1,000
-
40,000
874
3,182
-
3,010
4,200
3,000
650
3,450
-
69,000
2,000
10,000
-
-
-
-
-
-
-
2,180
-
-
-
14,100
-
707,978		 567,393
67,401
1,000
2,500
17,000
19,250
5,367
2,000
2,500
30,000
35,053
-
1,520
25,000
-
5,000
6,930
2,500
8,650
-
-
4,000
35,850
-
-
20,000
20,000
9,000
1,763
3,048
8,659
1,000
4,874
15,347
13,487
14,000
19,926
-
300
970,318

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Young Manchester

Notes to the accounts for the year ended 31 March 2024 (continued)

8 Net income/(expenditure) for the year

This is stated after charging/(crediting): 2024 2023
£ £
Auditor's remuneration - audit fees 2,560 5,590
Independent examiner's fee - accountancy services 13,985 18,293
Independent examiner's fee - independent exam 415 -
ff costs
ff costs during the year were as follows:
Wages and salaries
Social security costs
Pension costs
Allocated as follows:
Charitable activities
Support costs
Governance costs		 2024
£
218,531
19,816
6,279
244,626
228,053
9,822
6,751
244,626		 2023
£
197,371
17,612
5,257
220,240
208,998
5,804
5,438
220,240

Staff costs during the year were as follows:

No employee has employee benefits in excess of £60,000 (2023: Nil).

The average number of staff employed during the period was 8 (2023: 9).

The key management personnel of the charity comprise the Trustees, the CEO and the Head of Partnerships. The total employee benefits of the key management personnel of the charity were £117,106 (2023: £125,503).

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Young Manchester

Notes to the accounts for the year ended 31 March 2024 (continued)

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 (2023: Nil).

No members of the management committee received travel and subsistence expenses during the year. (2023: £nil).

Aggregate donations from related parties were £nil (2023: £nil).

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 Young Manchester awarded grants totalling £9,000 to 42nd Street (2023: £39,974).

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, Young Manchester awarded grants totalling £2,180 to WCGH (2023: £15,347).

Manchester Youth Zone

Samuel Remi-Akinwale is CEO of Young Manchester, and is also a trustee of The Manchester Youth Zone Ltd (appointed August 2023). During the year Young Manchester awarded grants totalling £23,092 to The Manchester Youth Zone Ltd (2023: £67,401).

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 (2023: Nil).

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Young Manchester

Notes to the accounts for the year ended 31 March 2024 (continued)

11 Government grants

The government grants recognised in the accounts were as follows:

2024
£
DWP access to work
2,478
Manchester City Council - Youth and Play
22,542
Manchester City Council - Strategic Leadership
-
Manchester City Council - Strengthening Universal
Services
193,432
Manchester City Council - City of Social Action
-
Manchester City Council - Covid Recovery Fund
61,518
Manchester City Council - North Manchester Review
12,429
Manchester City Council - Members Day
3,700
Manchester City Council - Keeping Children
and Young People Safe
20,000
Home Office - Windrush fund
7,150
323,249		 2023
£
4,270
-
(10,000)
199,380
25,000
38,481
-
-
-
-
257,131

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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Young Manchester

Notes to the accounts for the year ended 31 March 2024 (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 and deferred income
Other creditors
Taxation and social security costs
At 1 April 2023
At 31 March 2024
At 1 April 2023
At 31 March 2024
At 31 March 2024
At 31 March 2023		 Office
equipment
£
5,894
5,894
5,894
5,894
-
-
2024
£
19,314
6,039
269
106,586
132,208
2024
£
76,725
27,609
389
5,169
109,892		 £
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
Total

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Young Manchester

Notes to the accounts for the year ended 31 March 2024 (continued)

16 Analysis of movements in restricted funds

Balance at 1
April 2023
£
Seed Funding
19,780
City of Social
Action
17,286
Youth and Play
20,355
Mental Health Fund
90,000
Children in Need
107,343
MHCC Covid
Recovery Fund
-
OCT Grant Fund
14,118
SEND
12,516
Creative
Engagement
Partnerships
4,357
Cheetham - Youth
Engagement Fund
41,634
Young People's
Foundation
5,308
Amnesty
International
-
Youth Alliance GM
- Esmee Fairbairn
-
GM Moving Youth
Alliance
-
MCC Cheetham
Keeping Young
People Safe
-
The Growth
Company
-
Windrush
-
YPF LYP capacity
building
-
Total
332,697		 Income
£
-
1,000
22,542
-
112,500
61,518
20,000
193,432
-
93,428
5,000
-
22,000
80,000
20,000
3,000
7,150
17,033
658,603		 Expenditure
£
(19,780)
(17,417)
(30,210)
(45,282)
(219,843)
(53,000)
(17,719)
(208,811)
-
(154,290)
(2,158)
(427)
(41,820)
(80,000)
(10,629)
(2,175)
(6,289)
(9,377)
(919,227)		 Transfers
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Balance at 31
March 2024
£
-
869
12,687
44,718
-
8,518
16,399
(2,863)
4,357
(19,228)
8,150
(427)
(19,820)
-
9,371
825
861
7,656
72,073

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Young Manchester

Notes to the accounts for the year ended 31 March 2024 (continued)

Analysis of movements in restricted funds continued

Balance at 1
April 2022
Comparative period
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
Creative
Engagement
Partnerships
4,357
Equality, Diversity
Inclusion
19,851
Cheetham - Youth
Engagement Fund
-
Digital Futures
5,371
Young People's
Foundation
266
Innovation and
Development
76
Total
1,140,944		 Income
-
18,750
25,000
5,000
-
-
-
38,481
-
7,000
-
-
-
-
199,381
-
-
-
-
50,000
2,000
10,000
-
355,612		 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)
-
(18,000)
(8,366)
(2,069)
(4,958)
-
(1,080,683)		 Transfers
(17,625)
(68,689)
-
31,822
22,742
170
(6,250)
-
-
117
(53)
(11,827)
(22,354)
13,000
(22,000)
5,000
-
(1,851)
(5,302)
-
(76)
(83,176)		 Balance at
31 March
2023
19,780
-
17,286
20,355
90,000
-
107,343
-
-
14,118
-
-
-
-
-
12,516
-
-
-
4,357
-
41,634
-
5,308
-
332,697

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Young Manchester

Notes to the accounts for the year ended 31 March 2024 (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
new investment opportunities, marketing and events.
City of Social Action A project supporting the voice of Children and young people in the City of
Manchester.
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.
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.
MHCC Covid Recovery Supporting the voluntary sector to mitigate the effect of the pandemic on
Fund business continuity.
OCT Grant Fund To improve networks in the voluntary sector.
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.
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.
Cheetham - Youth A 5-year investment into Cheetham Hill for the purpose of delivering the
Engagement Fund community created Hope for Cheetham strategy to change systems that
support young people from Cheetham Hill to achieve their hopes and
ambitions and protects young people from violence.
Young People's A grant awarded by the YPF Trust to be used on staff training, development
Foundation Grant and support in response to the added pressure created by the Covid-19
pandemic.
Amnesty International Funding to support children and young people to engage in consultations
around economic, social and cultural rights.
Youth Alliance GM - Funding to support the development of a network of youth and play
Esmee Fairbairn organisations across Greater Manchester to strategic advocate and collaborate
on issues from a Greater Manchester perspective and build on the success of
#beewell.

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Young Manchester

Notes to the accounts for the year ended 31 March 2024 (continued)

Name of restricted fund Description, nature and purposes of the fund GM Moving Youth An investment to explore and pilot the role of youth organisations in Alliance supporting sport and physical activity outcomes for children and young people. MCC Cheetham A grant to resource programmes that support young people up to the age of Keeping Young People 19 to engage in recreational activities, develop their skills, advance education, Safe relieve unemployment, advance emotion and physical health and wellbeing. The Growth Company A sponsorship of the Manchester’s Supplementary Schools Achievement Windrush Investment to support a programme of engagement for youth organisations and supplementary schools to increase awareness of the windrush compensation scheme. YPF LYP capacity Funding to cover Young Manchester time supporting the YPF Trust in building supporting the development of local youth partnerships across the North West of England.

Comparative period
General fund
General fund
Name of
unrestricted fund
General fund		 Balance at 1
April 2023
Income
Expenditure
Transfers
£
£
£
£
188,681
137,544
(171,837)
-
188,681
137,544
(171,837)
-
Balance at 1
April 2022
Income
Expenditure
Transfers
£
£
£
£
231,760
118,340
(244,595)
83,176
231,760
118,340
(244,595)
83,176
Description, nature and purposes of the fund
The free reserves after allowing for any designated funds.		 As at 31
March 2024
£
154,388
154,388
As at 31
March 2023
£
188,681
188,681

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Young Manchester

Notes to the accounts for the year ended 31 March 2024 (continued)

18 Analysis of net assets between funds

Net current assets/(liabilities)
Total
Comparative period
Net current assets/(liabilities)
Total		 General
fund
£
154,388
154,388
General
fund
£
239,980
239,980		 Designated
funds
£
-
-
Designated
funds
£
-
-		 Restricted
funds
£
72,073
72,073
Restricted
funds
£
281,398
-		 Total 2024
£
226,461
226,461
Total 2023
£
521,378
521,378
Net income/(expenditure) for the year
Adjustments for:
Decrease/(increase) in debtors
Increase/(decrease) in creditors
Net cash provided by/(used in) operating activities		 2024
£
(294,917)
(4,484)
64,458
(234,943)		 2023
£
(851,326)
(27,173)
(188,050)
(1,066,549)

33

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