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← Grafton Centre Development Trust CIO

2024-03-31-accounts

Charity Number: 1169169

Grafton Centre

Development Trust CIO

Trustees’ report and financial statements For the year ended 31 March 2024

Grafton Centre Development Trust CIO Reference and administration information

Charity number 1169169

Registered office and operational address

The Grafton Centre, Grafton Street, Hyde, Stockport, SK14 2AX

Trustees

Trustees, who are also directors under company law, who served during the year and up to the date of this report were as follows:

Cllr Philip Fitzpatrick Chair Jacqueline Owen Secretary Julie Brinicombe Denise Ward

No trustees held title to property belonging to the charity during the reporting period or at the date of approval.

Key management personnel

Key management personnel comprise the trustees and the Community Centre Manager.

Bankers

Lloyds TSB Bank PLC 1 Butler Place Westminster London SW1H 0PR

Independent Examiner

Jodie Taylor F.M.A.A.T Taylor Whittakers Accountancy Ltd Unti 1 Gatehead Mill Delph New Road Saddleworth OL3 5DB

1

Grafton Centre Development Trust CIO Trustees’ Annual Report for the year ended 31[st] March 2024

The trustees present their report and the unaudited financial statements for the year ended 31 March 2024

Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102.

Objectives and activities

Purposes and aims

Provide facilities for health and social welfare for recreation and leisure time occupation of residents, the centre aims to work towards defeating isolation and loneliness.

To create a home from home environment to make all our members always feel safe and welcome.

To further or benefit the residents of Tameside and the neighbourhood, without distinction of sex, sexual orientation, race or of political, religious or other opinions by associating together the said residents and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure time occupation with the objective of improving the conditions of life for the residents.

Main activities

Please see our daytime, evening & weekend activity time timetables….

MONDAY Keep Fit £2.50 10.00am – 10.45am
Health Walk meet outside 10.30am – 11.30am
Dance Fitness £2.50 exercise class 11.00am – 11.45pm
Bingo £1.50 1.00pm – 3.00pm
TUESDAY Zumba £3.00 10.00am – 11.00am
Tai Chi for arthritis £2.50 11.15am – 11.45am
Hyde Writers £1.50 1.00pm – 3.00pm
Indoor Bowls £1.50 1.00pm – 3.00pm
WEDNESDAY Fitsteps Dance £2.50 10.00am – 10.45am
Exercise for Fun £2.50 10.45am – 11.30am
Indoor Kurling £1.50 1.00pm -3.00pm
Chit-Chat £1.50 Games and fun 1.00pm –3.00pm

2

Grafton Centre Development Trust CIO Trustees’ Annual Report for the year ended 31[st] March 2024

THURSDAY Line Dancing £2.50 10.00am – 11.00pm
Singing for Fun £1.50 10.00am - 11.00am
Beginners line dancing £2.50 11.30am - 12.30pm
Yoga & Pilates £3.50 11.30am – 12.30pm
Art & Craft £1.50 1.00pm – 3.00pm
Relaxation & meditation £2.50 2.00pm – 3.30pm
FRIDAY
TU3A GROUPS		 Use it or lose it exercise class £3.00 10.15am – 11.00am
Sound bath healing £4.50 12.00pm – 1.00pm
TU3A GROUPS Secretary: -dawngrenter@aol.com
Chair: -chair@tamesideu3a.org.uk
It’s good to talk- 2nd Tuesday 10am - 12pm
Scrabble & Mexican train- 2nd & 4th Wednesday 10am – 12pm
Committee meeting- 2nd Thursday 2pm – 4pm
Book club- 4th Thursday 2pm – 3.30pm
Rummikub- 1st & 3rd Friday 10am – 12pm
History- 4th Friday 10am – 12pm

The centre continues to be rented out most evenings and weekends, though one of our regular users has moved into their own space, we are actively looking to replace this regular income, which helps to ensure our financial stability.

All our entertainment committee members have retired and is now currently run by the manager and assistant for the time being. We always aim to book parties and trips in at least once a month throughout the year. Trips & parties we had were Llandudno, Southport, Easter, Halloween & Christmas parties.

The Community Café continues to provide hot meals & snacks Mon – Thurs cooked & served by our volunteers. All our kitchen staff have up to date training, meaning they are compliant with food regulations and the café was Rated 5 in food hygiene awards. This resource is invaluable for those living alone as it ensures they have access to nutritious home cooked food at a reasonable price.

3

Grafton Centre Development Trust CIO Trustees’ Annual Report for the year ended 31[st] March 2024

Current Evening Rental Schedule

MONDAY Dance Buds 6.30pm – 8.15pm
MONDAY Hyde Musical Society 8.15PM - 10PM
MONDAY Mentell-Gary Hill www.mentell.org.uk
Email: community@mentell.org.uk		 7pm-9pm
TUESDAY Cobra Martial Arts
Cobra Martial Arts (14 to 18yrs)		 6pm – 6.45pm
7pm – 7.45pm
WEDNESDAY Hyde Musical Society 7.30pm – 10pm
THURSDAY Cobra Martial Arts (one to one) 7pm – 7.30pm
FRIDAY Cobra Martial Arts (Children’s class)
Cobra Martial Arts (Adult Class)		 7pm – 7.45pm
8.15pm – 9.15pm

Key Achievements and Performance

Our Christmas lunches were once again a great success supported by Brother UK including some of their staff who came to help out on the day.

Our Summer and Christmas Faires were a big success which not only generated income for the centre but also raised awareness of the facilities and activities the centre has to offer.

The Centre has taken to social media a lot more this year to advertise our events, activities and the rental availability of the centre.

Management and the trustees have spent time looking in to additional income streams and cost reduction.

Our volunteers make all this possible; to recognise their contribution and show our appreciation we have been granted funding to celebrate all their hard work. Which was used to take the volunteers out for a meal.

Beneficiaries of our Services

All adults in the Tameside area are welcome to attend groups and classes for exercise and social interaction, and we have a café servicing low-cost snacks and meals.

Although membership numbers have reduced (due to moving out of the area, illnesses and even deaths), We are gaining many new members all the time from either word of mouth or social media.

Membership fees have not changed price however this will be reviewed for next year.

4

Grafton Centre Development Trust CIO

Trustees’ Annual Report for the year ended 31[st] March 2024

Financial review - TSA completed

At the end of the reporting period Grafton Community Centre had total funds of £79,776 (2023: £96,755) consisting of unrestricted funds of £79,776 (2023: £96,755) and restricted funds of £Nil (2023: £Nil). Cash reserves at bank were £50,969 (2023: £65,140). There are no immediate concerns about the charity’s finance.

During the year the charity received unrestricted income of £87,007 (2023: £102,476) and restricted income of £Nil (2023: £Nil). Expenditure for the year from unrestricted funds was £103,875 (2023: £107,076) and from restricted funds £Nil (2023: £Nil).

Reserves policy

The charity is in the process of developing its reserves policy and currently aims to maintain reserves at the level of 3 months core costs which stands at £21,540 which is well covered by unrestricted funds of £79,776 held by the charity.

Plans for the Future

To increase promotion our centre through the local media and social media outlets.

To continue to explore new opportunities for self-generated income to ensure the future of the centre.

To review our current room rental pricing structure to ensure we are offering value for money while also increasing our income

Looking at replacing current light fixtures to energy saving ones to help reduce costs.

Application for grants to help fund with general running costs as well as repair and renewal costs

Structure, governance and management

Trustees are members of the centre who present themselves as interested to be trustees with a skill set of interest or are approached as outside persons with a skillset which may be helpful to the charity.

The organisation is a Charitable Incorporated Organisation, incorporated and registered as a charity on 14 September 2016.

The charity was established under a constitution which established the objects and powers of the charity and its governance.

The trustees are members of the charity, but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.

All trustees give their time voluntarily and receive no benefits from the charity. The trustees do not claim expenses.

5

Grafton Centre Development Trust CIO

Trustees’ Annual Report for the year ended 31[st] March 2024

Related parties and relationships with other organisations

We work closely together with Tameside MBC.

Remuneration policy for key management personnel

The trustees have adopted a model renumeration policy provided by their payroll provider, Blossom Accounting.

Risk management

The trustees regularly review and assess the risks face by the Charity which fall into the main categories listed below:

The Charity has recruited and retained a board of trustees with an appropriate range of skills and experience with access to specialist support when required, for example, using external legal and accountancy support. In addition, it has recruited experienced and qualified management and support staff.

The operations of the charity are well managed, meet and enhance the requirements of service and centre users, supported by several committed and hard-working volunteers. The trustees have invested in the fabric of the building to enhance user experience and in equipment to improve the efficiency of its operations.

The trustees have secured a lease on the centre building with Tameside MBC that will enable them to bid for a wider range of external funding, in addition to maintaining a steady income stream from lettings, sale of lunches and refreshments, membership fees and activities.

The trustees and volunteers work hard to raise awareness of the opportunities and services offered by the Charity, which is evidenced by the sustained membership. The Charity holds the Queens Award for Voluntary Service. This is the highest award that can be given to volunteer groups in the United Kingdom. The key criteria for successful nomination is that the group provides a service that meets the needs for people living in the local community and it is supported, recognised and respected by the local community and the people who benefit from it.

The trustees regularly review legal requirements and regulations relating to the Charity and its operations.

6

Grafton Centre Development Trust CIO

Trustees’ Annual Report for the year ended 31[st] March 2024

Statement of responsibilities of the trustees

The trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the aims and objects and in planning future activities and setting policy for the future.

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 financial position of the charity, the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

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.

This report was approved by the trustees on date 21 / 03 / 2025 and signed on their behalf by:

==> picture [115 x 46] intentionally omitted <==

Cllr Phillip Fitzpatrick

Chair

7

Independent examiner’s report to the trustees of Grafton Centre Development Trust CIO

I report on the accounts of the charity for the year ended 31 March 2024 set out on pages 8 to 18.

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 and that an independent examination is needed.

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.

==> picture [84 x 52] intentionally omitted <==

Taylor Whittakers Accountancy Ltd Date 21 / 03 / 2025 Unit 1 Gatehead Mill Delph New Road Delph OL3 5DB

8

Grafton Centre Development Trust CIO

Statement of Financial Activities (including Income and Expenditure account) for the year ended 31 March 2024

Note
Income from:
Donations and legacies
3
Charitable activities
4
Total income
Expenditure on:
Charitable activities
5
Total expenditure
Net income/(expenditure) for the year
Transfer between funds
Net movement in funds for the year
Reconciliation of funds
Total funds brought forward
Total funds carried forward
Unrestricted
funds
£
755
79,282
80,037
96,905
96,905
(16,868)
-
(16,868)
96,644
79,776		 Restricted
funds
£
-
6,970
6,970
6,970
6,970
-
-
-
-
-		 Total funds
2024
£
755
86,252
87,007
103,875
103,875
(16,868)
-
(16,868)
96,644
79,776		 Unrestricted
funds
£
58
87,716
87,774
91,374
(3,600)
(3,600)
-
(3,600)
100,638
97,038		 Restricted
funds
£
-
14,677
14,677
14,677
14,677
-
-
-
-
-		 Total funds
2023
£
58
102,393
102,451
106,051
(3,600)
(3,600)
-
(3,600)
100,638
97,038

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

9

Grafton Centre Development Trust CIO Charity number 1169169

Balance sheet as at 31 March 2024

Fixed assets
Note
£
2024
£
Tangible assets
10
39,734
Total fixed assets
39,734
Current assets
Debtors
11
2,955
Cash at bank and in hand
50,968
Total current assets
53,923
Liabilities
Creditors: amounts falling
due in less than one year
12
(1,891)
Net current assets
52,032
Total assets less current liabilities
91,766
Creditors: amounts falling
due after more than one year
13
11,991
Net assets
79,775
The funds of the charity:
Restricted income funds
14
-
Unrestricted income funds
15
79,775
Total charity funds
79,775		 £
2023
£
44,990
44,990
6,385
65,140
71,524
(6,712)
64,812
109,802
(12,765)
97,037
-
97,037
97,037		 £
2023
£
44,990
44,990
6,385
65,140
71,524
(6,712)
64,812
109,802
(12,765)
97,037
-
97,037
97,037
44,990
64,812
109,802
(12,765)
97,037
-
97,037
97,037

For the year in question, the charity was entitled to exemption from an audit under section 144 of the Charities Act 2011.

The notes on pages 10 to 18 form part of these accounts .

Approved by the trustees on 21 / 03 / 2025 and signed on their behalf by :

Cllr Philip Fitzpatrick, Chair/Trustee

10

Grafton Centre Development Trust CIO

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), and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

Grafton Centre Development Trust CIO 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 Preparation of the accounts on a going concern basis

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

c 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.

d 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.

11

Grafton Centre Development Trust CIO

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

e 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 the activity for which the expenditure was incurred.

f Operating leases

Operating leases are leases in which the title to the assets, and the risks and rewards of ownership, remain with the lessor. Rental charges are charged on a straight line basis over the term of the lease.

g Tangible fixed assets

Individual fixed assets costing £100 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a straight line basis as follows:

Leasehold improvements 10% Equipment 25%

h 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.

i 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.

j 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.

k 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 8. Outstanding contributions at the year end were £284 which were paid the following month.

2 Legal status of the charity

The charity is a Charitable Incorporeated Organisation registered with the Charity Commission in the United Kingdom and has no share capital. The registered office address is disclosed on the first page of the trustees' report.

12

Grafton Centre Development Trust CIO

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

3 Income from donations and legacies

Donations
Tameside Council
GMHS Police Trust
Brother UK Ltd
Manchester GUA
Forever Manchester
ESF Community Grant
Action together CIO
Total
Income from charitable activities
Rental Income
Bistro & Kitchen
Weekly Activities
Events & Trips
Membership Fees
Total		 2024
£
755
2620
500
1000
2600
250
7,725
2024
£
27,488
14,310
26,860
6,688
3,936
79,282		 2023
£
1,158
200
-
14,677
(1,300)
14,735
2023
£
41,220
12,387
26,188
3,285
4,636
87,716

4 Income from charitable activities

13

Grafton Centre Development Trust CIO

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

5 Analysis of expenditure on charitable activities

Advertising & Marketing
Audit & Accountancy fees
Charitable and Political Donations
Cleaning
Consulting
Depreciation Expense
General Expenses
Insurance
Interest Paid
IT Software and Consumables
Pensions Costs
Printing & Stationery
Rent & Rates
Repairs & Maintenance
Salaries
Staff Training
Subscriptions
Telephone & Internet
Travel - National
Trips and Events
Utilities - Elec/Gas/Water
Blankets
Activity costs
Restricted expenditure
Unrestricted expenditure		 2024
£
-
358
-
1,409
-
7,140
1,395
725
-
371
740
427
3,655
1,934
42,339
-
1,841
1,044
39
189
15,771
-
24,498
103,875
6,970
96,905
103,875		 2023
£
864
1,632
33
1,643
4,800
6,609
969
641
37
440
840
1,161
795
3,893
44,898
151
1,229
1,005
568
1,307
11,118
-
21,419
106,051
14,677
91,374
106,051

14

Grafton Centre Development Trust CIO

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

6 Staff costs

Staff costs during the year were as follows:

Staff costs during the year were as follows:
Wages and salaries
Pension costs		 2024
£
42,339
740
43,079		 2023
£
44,898
840
45,738

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

The average number of staff employed during the period was 3 (2023: 3).

The average full time equivalent number of staff employed during the period was 1.5 (2023: 1.5).

The key management personnel of the charity comprise the trustees and the Centre Manager. The total employee benefits of the key management personnel of the charity were £25,562 (2023: £25,509).

7 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).

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

The charity paid £1,990 to Fitzpatrick Electrical for services rendered. Fitzpatrick Electrical is owned by a trustee, Philip Fitzatrick. The charity paid £4,800 to Purple Eight for services rendered. Purple Eight is a business owned by the sister of the trustee Philip Fitzpatrick.

Apart from the above, there are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.

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).

8 Government grants

The government grants recognised in the accounts were as follows:

Tameside District Council 2024
£
-
-		 2023
£
200
200

There were no unfulfilled conditions and contingencies attaching to the grants.

15

Grafton Centre Development Trust CIO

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

9 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.

10 Fixed assets: tangible assets

Cost
At 1 April 2023
Additions
At 31 March 2024
Depreciation
At 1 April 2023
Charge for the year
At 31 March 2024
Net book value
At 31 March 2024
At 31 March 2023
11
Debtors
Trade debtors
Taxation and social security costs
Net pay
Prepayments
12
Creditors: amounts falling due within one year
Trade creditors
Other creditors and accruals
Taxation and social security costs
Unsecured bank loan		 Leasehold
improvements
£
70,576
412
70,988
26,852
6,754
33,606
37,382
43,724
2024
£
2,955
-
-
-
2,955
2024
£
-
(656)
250
2,297
1,891		 Equipment
£
6,190
1,473
7,663
4,924
386
5,310
2,353
1,266
2023
£
2,596
1,827
921
1,041
6,385
2023
£
-
1,316
284
5,111
6,712		 Total
£
76,766
1,885
78,651
31,776
7,140
38,916
39,735
44,990

16

Grafton Centre Development Trust CIO

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

13 Creditors: amounts falling after more than one year

Unsecured bank loan
Repayable after more than 5 years by instalments		 2024
£
11,991
11,991
-		 2023
£
12,765
12,765
-

The bank loan is a government sponsored Bounce Back loan. The interest rate is 2.25%.

14 Analysis of movements in restricted funds

Various Grant Inome
Total
Comparative period
ESF Community Grant
Total
Name of
restricted fund		 1 April 2022
Income Expenditure
£
£
£
-
6,970
(6,970)
-
6,970
(6,970)
1 April 2022
Income
Expenditure
£
£
£
0
14,677
(14,677)
0
14,677
(14,677)
Description, nature and purposes of the fund		 Transfers
£
-
-
Transfers
£
-
-
 31 March
£
-
-
31 March
£
-
-

GMHS Police Trust - Purchase of Kitchen Equipment Brother UK Ltd - General Donation for Staff Welfare Manchester GUA - Food Over Xmas Period

Forever Manchester - Energy Fund – Towards Centre Energy Costs

ESF Community Grant - Skills Fund – To Teach Basic English & Maths along with CV Writing Action together CIO - Grant towards Volunteer Appreciation

17

Grafton Centre Development Trust CIO

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

15 Analysis of movement in unrestricted funds

1 April 2023 Income Expenditure Transfers 31 March
£ £ £ £ £
General fund 97,037 87,008 (104,270) - 79,775
Comparative period
1 April 2022 Income Expenditure Transfers As at 31
£ £ £ £ £
General fund 100,638 87,773 (91,374) - 97,037

Name of

unrestricted fund Description, nature and purposes of the fund General fund The free reserves after allowing for all designated funds.

16 Analysis of net assets between funds

Tangible fixed assets
Net current assets/(liabilities)
Creditors of more than one year
Total
Comparative period
Tangible fixed assets
Net current assets/(liabilities)
Creditors of more than one year
Total		 General
fund
£
39,734
53,923
(1,891)
79,776
General
fund
£
44,990
64,812
(12,765)
97,037		 Designated
funds
£
-
-
-
-
Designated
funds
£
-
-
-
-		 Restricted
funds
£
-
-
-
-
Restricted
funds
£
-
-
-
-		 Total 2024
£
37,734
53,923
(1,891)
79,776
Total 2022
£
44,990
64,812
(12,765)
97,037

18

Grafton Centre Development Trust CIO

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

17 Operating lease commitments

The charity's total future minimum lease payments under non-cancellable operating leases is as follows for each of the following periods:

Less than one year
One to five years		 Property
2024
2023
£
£
1,000
1,000
3,000
4,000
4,000
5,000		 Property
2024
2023
£
£
1,000
1,000
3,000
4,000
4,000
5,000
5,000

The charity has a lease arrangement for property for 20 years starting from October 2018 with a break date on the 10th anniversary of the lease start date.

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