GORSE HILL STUDIOS CREATIVE COMMUNITY FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 Registered Charity No. 1172118 Company Registration No. 09646545
GORSE HILL STUDIOS CREATIVE COMMUNITY INDEX PAGE NUMBER CONTENTS TRUSTEES ANNUAL REPORT INDEPENDENT EXAMINERS REPORT io STATEMENT OF FINANCIAL AcfiviTIES li BALANCE SHEET 12 STATEMENT OF CASH FLOWS 13-25 NOTES TO THE ACCOUNTS
GORSE HILL STUDIOS CREATIVE COMMUNITY Report of the trustees for the year ended 30 June 2024 The trustees present their annual directors, report and financial statements of the charity for the year th ended 30 June 2024 which are also prepared to meet the requirements for a directors, report and accounts for Companies Act purposes. The financial statements comply with the Charities Act 2011. the Companies Act 2006, the Memorandum and Articles of Association, and the 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 UKand Republic of Ireland IFRS 1021 {effective ljanuary 2019). Purpose To provide young people with a place to belong, to express themselves through the Arts, and to find out who they are. Vision To be the flagship multi arts youth organisation within Greater Manchester; making an impact nationally through our pioneering work. Mission We support young people to build achievable aspirational pathways for their future, enabling them to overcome challenges and express themselves in a safe, inclusive, and creative space to reach their potential and help build a stronger community, and change their future. Our Values COMPASSION COMMUNITY CREATIVITY CONSISTENCY CHALLENGE Objectives and activities The objectives of the charity are to promote and advance Invoement, participation, and access to the arts for the public and especially for children, young people and their families in Greater Manchester and particularly Gorse Hill ward and neighbouring areas. Key objectives,. supporting young people's personal and social development using the Arts to develop leadership, aspirations and potential provide an accessible resource for young people to engage in creative arts help to reduce isolation and improve wellbeing Gorse Hill Studios Creative Community continues to focu5 on providing services that meet the needs of the children, young people and their families, Youth Work methods and practises underpin all parts of the charity. Youth Work targeted services for children and young people: creative opportunities and pathways access to education and learning formal learning in an informal setting providing nurturing and challenging support through youth work and mentoring building trusted relationships
GORSE HILL STUDIOS CREATIVE COMMUNITY The core activities of GHSCC are to provide: youth campaigns and awareness projects projects which aim to alleviate current youth problems bespoke alternative creative education programmes mentoring opportunities, including developing young people as Advocates and peer leaders an opportunity to develop career aspirations and pathways, including providing a link to creative industries arts projetts and activities, specialising in combining art forms a combination of youth work and health related initiatives including creative therapies as an alternative approach to young people accessing therapeutic support specialism in delivering support to young people with additional needs youth work services, maintaining young people's opportunities through participation a social action programme, taking a 'youth-led' approach affordable and desirable creative spaces, resources and support The trustees confirm that they have referred to the Charity Commission's guidance on public benefit when reviewingthe Charity's aims and objectives, in planning future activities, and setting the policies for the year. The charity furthers its charitable purposes for the public benefit through: providing a youth led creative environment with particular focus on young people who are excluded from education, marginalised and disadvantaged strengthening community cohesion, bringing diverse communitiestogether to learn and grow new initiatives and build resilience providing aSternative creative education programmes to support young people with a pathway into education, employment or make better life choices providing affordable desirable space, resources and support to emerging artists, local creative organisations, community groups and projects At Gorse Hill Studios, we predominantly work with young people aged 8 to 18, extending support up to age 25 for those with additional needs. Many of the young people we serve face multiple disadvantages. Last year, we engaged with approximately 869 young people, of whom 32% were eligible for free school meals, 31% had special educational needs and disabilities. 37% came from ethnic minority communities, including those who speak English as a second language. Additionally, 34% had care experience (including care leavers), 13% of our 16-25 age group were not in education, employment, or training {NEET}, 9% of our 8-16 age group were not attending mainstream education, and IO% identified as LGBTQ+. In the last 12 months, 869 young people accessed 3148 session5 at GHS. A significant portion of our users-approximately 75%-come from low-income households. Many live in under-resourced communities, and around 85% of our 18-25-year-old members are care leavers beginning to live independently. The records demonstrate that in the last 12 month5 there was over 96% attendance rate by participants at GHS emphasising the success of the charity at engagement with some of the hardest to reach young people in the in the local area. Everyday outcomes are measured via our in- house monitoring system as well as regular surveys and case studies.
GORSE HILL STUDIOS CREATIVE COMMUNITY We delivered over three thousand sessions 32% received arts awards or another accreditation. 25% of our care leavers completed youth work qualifications and 50% gained employment 92% of our young people say they have 3 trusted adult they can speak to 75% say they feel less isolated 65% say they have made new friends 69% say they feel positive about the future 96% say they have increased knowledge of criminal exploitation Partnership Work The Charity continues to develop partnerships, building on relationships with the existing partners and taking opportunities where appropriate to gain new partners. Specifically: Sport Works - delivered creative, fun activities in partnership with Sport Works, to young people with disabilities in the evenings and at weekends. Trafford Council commissioned by Trafford Council to provide nurturing support and guidance to enable the voice of young people to be present and heard at a strategic level through the following forums: Trafford Youth Cabinet and the Care Leavers Forum. Virtual Heads from 4 Greater Manchester Boroughs, accepting new referrals for the ACE programme. LCEP- Local Cultural Education Partnership, part of the steering group that is establishing the much-needed Trafford LCEP, aimed at cultural organisations, education and artists co-creating a vision that will actively promote, embed access to cultural education for children and young people across Trafford. Holiday provision- established 3 brand of school holiday activities, Culture Club, as part of the national HAF tackling holiday hunger. New creative, local & national community partners such as Gorgeous Gorse Hill and Trafford Community Collective, Peoples Voice Media and Drywave. Education partners at all levels including Universities to offer work placements and research opportunities. Trafford Community Collective working tOW3rds becoming an active memberof the collective. Through a partnership with Trafford Hong Kongers, we have accessed stsff awareness training and fundin& recruiting a Hong Kong BNO to support local families to access our services. Greater Manchester, Violence Reduttion Unit, Community Led Approaches- local community partnership consultation focused on priorities for the Gorse Hill area Our Sale West cornmissioned to establish a local youth provision, responding to the needs of local children and young people and their families. Waterside Arts Centre and Lowry theatre, theatre makin& Trafford Pride, Sale arts festival partnerships A review of our achievements and performance The Charity continues to take steps to build and develop our governance, with a recruitment drive for new board members. Our bespoke alternative education provision, STEP programmes and open access arts provision have given young people the opportunity to progress into education, employment and further education. By working together with our supporters, volunteers, partners
GORSE HILL STUDIOS CREATIVE COMMUNITY and funders we have been able to achieve change foryoung people, making a real positive difference through our work. In particular". We are continually listening to the young people we serve and responding to changes driven by external factors- we did this by carrying out a consultation with all our STEP stakeholders. We have invested in an online monitoring and evaluation system, using our data and insight smarter focusing on our outcomes and how are work impacts on the young people we work with. Staff development and making Gorse Hill Studios a desirable organisation to work for, we have implemented an online training portal and carried out regular staff surveys. We have worked with a HR & Business consultant reviewing all our working practices, reviewed the purpose of the organisation and responded to stsff surveys to improve our supervision provision and commissioned an external HR seDiice. Co - Creation and delivery partner of new introduction to youth work course in collaboration with Trafford College. National Living wage employer. Robust infrastructure including in-house monitoring system and HR function. He Love s Me He Loves Me- applied theatre, challenging and raising awareness of exploitation and working-class struggles, developing new audiences Financial review The charity generated a net deficit of £71,937 Iprioryear deficit £16,415). Despite an increased deficit following some one-off costs and the general background of increases in the costs of living, the trustees were satisfied with the result and believe it continues to be a good foundation for the future. Management are working with the board of trustees and all stakeholders to make sure we are doing all we can to mitigate the current challenging circumstances through carefully managing salary increases, seeking additional funding opportunities and working with local and national support schemes, Investment powers and policy The trustees will be looking to invest a proportion of funds in an interest-bearing account, whilst retaining an appropriate level of cash to manage day to day activities. Reserves policy and going concern Total reserves at the year-end totalled £469,590. The trustees have reviewed the reserves policy and determined that, due to the significant proportion of employee costs directly associated with restricted fund activities, there is no need to designate a significant proportion of unrestricted funds to cover employee costs associated with the closure of the business. Previously, in note 15 of the accounts, the Trustees had designated £130,000 of unrestricted reserves to cover three months, notice periods for all permanent staff. This sum has now been re-allocated to the General Reserve. The balance held in unrestricted. undesignated, reserves at 30 June 2024 was £141,467 of which £136,932 are free reserves after allowing for funds tied up in tangible fixed assets. After total losses in the last two years exceeding £88,000, and the financial risks highlighted in the Risk Management section below, the Trustees feel it prudent to retain a suitable sum in free reserves to
GORSE HILL STUDIOS CREATIVE COMMUNITY provide some contingenoi should these external financial pressures impacton the business in the next two to three years. The Trustees also aim to maintain reserves in unrestricted funds at a level which covers at least three months of unrestricted charitable expenditure, which can vary from year to year, along with sufficient funds to respond to applications for grants and ensure that support and governance costs are covered. Unrestricted charitable expenditure during the year was £5,66212023: £88,666). The charity's main source of income is from grants and rental income. The trustees consider that it is appropriate to prepare the accounts on a going concern basis and, consequently, the 3ccounts do not include any adjustments that would be necessary if these sources of income should cease. Risk management The trustees have conducted a review of the major risks to which the charity is exposed, and systems have been established to mitigate those risks. The following key risks have been identified: The Charity continues to liaise with Trafford Council to finalise the lease arrangements for the building in which it operates. This will undoubtedly result in a Significant increase in annual premises costs, the extent of which has yet to be determined. Service Level Agreements for key services, i.e. Fire Safety, Heating Management and PAT testing are also to be negotiated with Trafford Council. Cost of living crisis- we are prioritising core fundsto be able to offercompetitive salaries. Also, some 3-5-year financial projections are being prepared to proactively understand and get ahead of any possible future challenges. Income is currently projected by using historic numbers of referrals to the STEP programme,. fewer referrals could significantly reduce income. We have established contracts with other authorities. The charity needs to explore moving the Step programme forward with an application to become a registered alternative provision. Retention and recruitment of staff in a job seeker friendly employment market. Cyber-crime and increasing IT security challenges we have ongoing specialist advice and systems updates. With day-to-day interaction with vulnerable children and young adults, safeguarding is a key area. Safeguarding is embedded in the recruitment process, Charity policies and procedures and overseen through reports into and regular review by the Board. The trustees are aware of the importance of securing a fitfor purpose lease arrangementwith Trafford Council, along with securing cost-effective utilities providers. The Board are confident that the STEP projected income is fair and appropriate. Plans for Future Periods We are continuing to work towards achieving our Business Plan: 2021- 25. Work has now started on revisiting the strategic plan in a view to produce revised or new objectives for the following 3-year plan. Additionally, the strategic objectives can be seen to have seven key distinct stages: Continue to maintain a robust financial management system
GORSE HILL STUDIOS CREATIVE COMMUNITY Strengthen financial stability through diversifying income. including exploring new avenues of funding and social investment Continue developing and investing in a fundraising and funding strategy Team training needs and training plan agreed for all staff Funding and Fundraising strategy completed 65% of funding targets achieved Explore developing more links with corporate sponsors Take dirertion from the funding and business development working group The focus is on income generation and securing core funding in order to widen the offer of the alternative creative education programme. We will have a focus on partnership and collaboration through facilitating networking events with alternative education providers, unlocking the potential to build a wider movement of change for young people who share our ambition for young people. We aim to produce hard evidence to detail how we bring about positive changes for young people with whom we work. In response to the evolvingcost-of-living crisis and local needs, GHS is actively workingtowards gaining full cost recovery in wider funding bids and developing the traded offer. The organization recognizes the necessity of balancing its commitment to providing essential services with the financial sustainability required to navigate the challenging economic landscape. Structure, governance and management Gorse Hill Studios Creative Community is a company limited by guarantee governed by its Memorandum and Articles of Association dated 18 June 2015. It is registered as a charity with the Charity Commission and is constituted under a trust deed dated 17 March 2017. Appointment of trustees As set out in the Articles of Association; trustees are elected annually bythe members of the charitable company attending the Annual General meeting and senie for a minimum period of 3 years. Trustee induction and training Trustees are recruited for their knowledge and expertise. Potential Directors are approached informally about joining the Board of Directors. They are made aware of the obligations of company Directors and referred to the Business Plan on the responsibilities of company Directors. They are then invited to attend a meeting of Directors as observers and if the potential Trustee still wishes to be a Trustee of the company and the existing Directors are in agreement about their appointment, thev are invited to become members of the Board of Directors. Directors are encouraged to remain informed about their duties as Directors and will be circulated with Company communications on issues that pertain to the good governance of the Charity. Organisation The board of trustees administers the charity. The board normally meets 4 times per year. Senior managers are appointed by the trustees to manage the day-to-day operations of the charity. Related parties and coPeration with other orsanlsations None of our trustees receive remuneration or any other benefit from their work with the charity. Any connection between a trustee or senior manager with any service providers must be disclosed to the full board of trustees in the same way as any other contractual relationship with a related party. Note 2 to the financial statements discloses related party transactions.
GORSE HILL STUDIOS CREATIVE COMMUNITY Reference and administrative information Charity Name: Gorse Hill Studios Creative Community Charity Number: 1172118 Company Registration Number: 09646545 Directors and trustees The directors of the charitable company (the charity) are its trustees for the purpose of charity law. The trustees and officers serving during the year and since the year end were as follows- Key management personnel: Trnstees and Directors Simone Finegan Lee Morgan Jennifer Riding Ruth Hannan Glynis Williams Lydia Anthony Michelle Calame Thomas Cole Erica Douglas-osborn David Lobban Michelle Odogu Treasurer Company Secretary Chair (resigned December 2023) (resigned November 2024) (appointed November 2024) {appointed November 2024) (appointed November 2024) {appointed November 2024) Senior managers Caroline Gle3ves Registered Office Gorse Hill Studios Cavendish Road Strerford Manchester M32 OPR Independent Examiners Community Accountancy Service Limited The Grange Pilgrim Drive Beswick Manchester MII 3TQ Banker5 Virgin Money 34 Princes Street Stockport SKI IRE
GORSE HILL STUDIOS CREATIVE COMMUNITY Royal Bank of Scotland Drummond House IEE) Branch Customer Service Centre Drummond House l Redheughs Avenue Edinburgh EH12 9JN Trustees, responsibilities in relation to the financial statements The charity trustees (who are also the directors of Gorse Hill Studios Creative Community for the purposes of company law) are responsible for preparing a trustees, annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing the financial statements, the trustees are required to: Select suitable accounting principles and then apply them consistently: Observe the methods and principles in the applicable Charities SORP; Make judgments and estimates that are reasonable and prudent; State whether applicable accounting standards have been followed, subjett to any material departures that must be disclosed and explained in the financial statements; Prepare the financial statements on a going concern basis unless it is appropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities. By order of the board of trustees Glynis Williams Chair th Date: 24 March 2025
Independent examiner's report to the trustees of Gorse Hill Studios Creative Community Ih I report on the accounts of the company for the year ended 30 June 2024, which are set out on pages 10 to ?5. Respective responsibilities of trustees and examiner The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 201 l Act) and that an independent examination is needed. The charity is required by company law to prepare accrued accounts and I am qualified to undertake the examination by being a qualified member of The Association of Chartered Certified Accountants. Having satisfied mvself that the charity is not subject to audit under company law and is eligible for independent examinatio it is my responsibility to". examine the accounts under section 145 of the 201 l Act . to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(b) of the 201 l Act. and to state wheiher particular matters have come to my attention. Basis of independent examiner's report My examination 'aS carried out in accordance with the 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 an). unusual items or disclosures in the accounts, and seeking explanations from you as 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 AS limited to those matters set out in the statement below. Independent examiner's statement In connection with my examination, no matter has come to my attention: { l ) which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with section 386 of the Companies Act 2006. and to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006. . and 'ith the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met. or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. AM King FCCA Community Accountancy Service Ltd The Grange. Pilgrim Drive B¢swick, Manchester, Ml 13TQ .u. Ih Date: 24 March 2025
GORSE HILL STUDIOS CREAnvE COMMU 10 STATEMEN OFFI INC UDI IAL ACTivrnES FOR ThE YEAR E NDITURE ACCO NE 2024 Tctsl Funds Total Funds Unresth¢tsd R8strfeted Year Erhded 30 Ye#r End8d Furtds Funds June 2024 30 June 2023 Incom• from: DonatK)ns and lega5 charitab Activities other Trading Activities Investment Income Totsl 13.145 731.460 33.863 539 779,1)07 141 Is} 6,833 34.599 1.312 723,469 730.302 34.599 1.312 768.077 723.469 Expendlture on.. Raisng Funds Chantable Act¥ities Other Total 16 161 1.433 4.229 11956 821396 14,389 825,625 16.146 779,183 93 795 422 5.662 834,352 Net fjncomellexpendltu) 1110.8831 171.9371 116,4151 Transfers befyveen funds 136.6511 36.651 Net m0ment In funds 1295 174.2321 171.9371 116.4151 Reconclllation of fvnds Total funds bicxjght foard Totsl fvnds carfed fotwaryl 1151 139,172 141.467 402.355 328.123 54L527 469,59) 557.942 541,527 Thè statement of finanraal acknbe5 Includes all wn$ and k)s8es rwniwj in the year. All incKffne aDd exwditure derive from continuing actiwbes The notes pages 13 to 25 fom part of Ihesè &Onts.
GORSE HILLSWDIOS CREATIVE COMMUNIIY 11 CE SHEET AS Ju Cornpany Ragiwabon Number. 09646545 2023 Fixed asgets: Tangible assets Totsl fixed assets 1101 80.613 80,613 98.281 98.281 Current assets.. Debtofs Cash * Bank & in Hand Total Cufrent assets 115.&35 320,418 436.281 131,326 370,e62 501,99B Liabillti8s- Creditors. Amounts Trdllng due wilhm 28.778 30.121 Net cuwent assets 407.503 471,877 Total assets less eJJrrent habiltl 488.116 570,158 Crwjitors". Arnounts falling due after mcrfe than one y 114} 118,5261 128.8311 Totsl De¢ a$8ets 469.590 $41.527 The funds ofthe charlty: Restritted income funds 328.123 402.355 Unrestrlrted income funds 115) 141,487 139.172 Totsl tharityfunds 541.527 For the period in question the company was entr(led to the exemption conferred by seaion 477 of the Companies Act 26. and that notice ha5 been dewjsited under secton 4761n relatio to its accounts forthe linarKial year,. and the direttors acknowledge their ponsibIlitieS for complying with reouirements of the Companies kt 2CI)6with respectto accounting records and the preparaiion of accounts. These accounts have been prepared in accordance with the provisions applicable to companies sui)"ect to small companies. regime. Approv1 by the trustees 24th March 2025 Thè notès ¢Ji pages 13 to 25 form part oltrw xoun
G( HILLSTUDIOS CREATIVE COMMUNITY 12 Statement of Cash FI forth• yearended 30 J¢ 2024 Reo7nciliation of nei movement in funds to net ¢¥h flowfrorn OperatiartI¥l Year Ended Year Ended 30 30 June 2024 June 2023 Net rnovement in fuM15 Add back depreciation Interest paid Deduct investment Income IlncreasellDecrease in debtors IDeCrea5el/incaSe in creditors Netcash Iprovldedllused In operatlry actfvities (71.93n 21.890 3.168 11.3121 15.471 11.3431 I34.[3) 116.4151 21.211 3.168 15391 151,0231 113.7401 157,3281 Cash flows from Investment ac¢fvSlleB.' PureJ)ase of fi'xed assets Net cash provlded by investing acuvltles 14.2221 14,2221 1112 1951 1112,1951 Cash lwS trorn Ilnanclng aclfjv41ies'. Repayment ol loan Inte5t receivèd Inieresi paid Net cash us& in finanuw %b¥rits 110.1051 1.312 13.1681 111.9611 19,2641 539 13,1681 111,893} IDecreasellin(ease ji cash and cash equivaknts during the 150.2461 1181,4261 Cash and cash equi¥aleFts bro frmward 370,e62 552.088 Cash and cash equhtal8nts canled forward 320,416 370,662
GORSE HILL5WDIOS CREATIVE COMMUNITY 13 Ilot¢s to the xccwrrts forthè ended Joth ju 2024 l. Accounting poliths lal Baslsof preparation and assessment oFgolng co1 The accounts Ilinancial statementsl have been prepared under the historical cost conventton with r(ems recogni5ed at Cost or transaction value unless Otlwwise stated in the relevant notes to these accounts. The h"nancial sleMentS have been prepared in acCordae wsth the Statement of Recommended Practice-. Accounti and Reporting ty Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in UK arsd Republic DI Ireland IFRS 1021 issued and the Financial Reming knndard applicab in the United knnRth)m and Republic of Ireland IFRS 1021 and the Charities Act 2011.. issued l January 2019. The charity constitutes a public benefit entity as defined by FRS 102. trustees consithT that there are no rnatefial uncertainties ab)uttFt charity's atrih.ty to continue as a gO1C0eM. Ibl Funds structure ResrrictÈd funds are fld$WhIch are to be used in accordance with 5cific $trIcE10n5 imwsed bYthed0r or trust deed. There are 39 restritted funds. Unrestritted income funds Comprise those funds which the trustees arefree to uselor any purpose ID furtheran of the charitable objects. UnStrICted funds incIJe designated funds where the trustees. at their discretiory have created a fund for a specific wrw5e. Further details of each fund are disdosed in note 15. l¢} Income re¢ognSthon All income is recognised once Ihe charity ha5 entitment to the income. r( is wobable that the iOMeW111 t received and the amount of irKome reCeiVae can be measured reliabty. Donations are recognised whenthecharity has trRen notified in wrr(in8of the amount and settlement date. In the eventthat a donation 15 5ubjecl to condition5 tF0t require a level of performance teforethe ctrwrity 15 entitled to t fund5, the income is deferred and mt recognised until either those conditions are fully met. or the fulfilment of those conditions is Whol wlthinthe control of the charityand it is wobable thatthose condtri6 will be fvifilled inthe reporting period. Interest on funds held on deposit is included when receivable and the amount can rwsured reliabty by the charity; this is normally upon notilicioTr of the interest paid or payable bythe bank. DivideThJs a recoRnised Onthe dividend has been declared and notifKation has trt received of the dNhlend d. {dl Exptnditure Reco8nltlon Liabilities are recognised as expenditure as 500n as there is a legal orconstftJcti¥e obligation committing the charity to that expenditure. It is probable thol 5eltlement will be required and the amount ol obligatK)n caq be rneasud All expenditure 15 accounted for on an accrua15 basis. All exr*nses including supwrt costs governance costs a allocated or apportioned to the applicable expenditure headines. For more information on this atiributioTh refer to note In trRIow. lel Irrecoverable VAT Irrecoverable VAT is charged against theexpenthtyre for which itwas incurred. If) Allocatlon ofsupport and gO¥erNarKe$ts Support costs have been allocaied between governance costs and othersupwt cost& Governance (osts comprise all cost5 involving the public accountability of the charity and its compliance with regulation and good prartKe. These costs include costs related to independent examinabon and legal fees together with an apportionment ol overhead nd 5UPPOrt costs. Govern8nce costs and support Costs 13t1Thg to charitable attNities have been apwrtioned based ontype of expense. The allocation of support and governan cotts is anaJysÈd in note 7. I Costs of ralsing funds The costs of raisin8 fvnds consist of a¢fvertisir#dand event Costs. Ihl tharitoble Arflvbtles Costs of charitable acti¥ities incluth gOvernaeCo5ts antl an appoitinment ol SUPk¥)rt(osts as sknin in note 7.
G0115E HIiLSTUDIOS CREATIVE COMMUNITY Plrkns to the xcounts ftyth# ytsr 8rMlod 301h ju 2024 l. cOuntIng policies Icijiiiinuedl lil Tangible fixed assets and depreciation All assets cosrin8 Fnore than £W ale capitalised and valued at hisrorKal cost. Oepreciation ischarged OA the following ba51S'. Office and Music Equipment, Minibus. Furniture and Fixtures. Mobile Stage and Music Studio Refurbishmeni Depreciated over pertods between 3 and Ioyears til Realistd gains and losses All gains and losses are taken to the Ststement of Finarrial Attiwties as they arise. Reali5ed gains and1055es on investments are calculated as the diffefence tween sales pr[eedS and their opening carryirvd value or their purchase value if acquired subseouenrio the first day of the financial year. Unrealised gains losses are calculated as the difference tween frair value at tl year end andtlraryin8Va. Reah"5ed and unrealised investrnerTrt gain5 and losse5 èye combined in the Swement of Finanual Activiti Ikl Pen$iorns The charity currently administers Contriblon$t0 an autenrolMent pension scheme on behalf of iDdividuals. The charity ha5 rio liabi1Sty beyond admirnisterin8 the deduttion5 and payingthese to the provider. 111 Debtors Trade and other debtors are recognised atthe settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of al trade discounts due. Im) Creditots and P$0$ Creditors and provisions are recogrsisedwhere the tharity ha5 a present obli£ation resullinBfroma pasteventthat will probably result in the transfer of lund5 to a ihsrd party aThJ the amount due to Settle the ObligatR can be measuredor estimated reliably. cditorS and pro¥+sions are Dormally reco8nise¢J èttheir settlement amount afterallowilo anytrade discounts due. 2. Rèlat party trartsactyons and tntst8•s' oxpgnsos and l•mungraTh The trustees all give freely their time and experttse without any fomi of remuneration or other benefft In cash or ki1 12023.. £nill. Expenses paid to the trustees in the year rotalled £nil12023.. £nill. RoiErta Gleave5. the daughter of 5enkor manager Caroline Gleaves, was paid £nil12023.. £1.1171 for tlivery of youth supportwork Dun£3n Gleaves. the husband of senior manager Caroline Gleaves. was paid £71012023.. £8201 for repair5and malntenance work. 3. Don*ion¥ and aGI•S Funds Fund$ Tdal Funds TrAal Funds Year ENlod 30 Y•8r Ended Yèar £18d Year Ended 30 ju 2024 30 Junè 2024 30 Junè 2024 June 2023 Donations 1.864 13.145 13,145 Previous reporting period Funds Funds Tot¥1 Funds Year Errfltd Xl Yeor Ended Yèar End•d Jung 2023 Xl Jun• 2023 30 Juno 2023 Oonatsons 13.145 13.145 13.145 13.145
GORSE HILimiDIOS CREATIVE COMMUN 15 Nctss to thè accounts for the year¢nded 30th June 2024 4. Incom• from charltallle a¢tlvlli05 Unrtskncted Restrf¢ted Funds Funds T(al Fd5 TL•I Funds Year Ended 30 Yèar Endtd Year enoed Yèar End8d 30 June 2024 30 Jun• 2024 30 June 2024 Jung 2023 Unrestiicted grants.. Fnends of stretford Public Hall Autotrader High sfEriffs Trust Trafford Cornmunity CoUKtive NHS Garfield Weston FouThtsbon Pilgrim Trust TransW)rt for Greatei manctrter Restricted grants. Adyen NV. CUUre Club Care Leavers FcKum Care Leavers Transbtron Group Community an1$at Comrnunity Rewrters- C(*)bnue Salford CVS- A¢he Assel Fund Trafford Housing Trust- Music stj) Traffor(J MBC- Muyc Studv) Nab"onal Foundabon Y¢wlh hlJsr- Nljsic Styd Salford CVS- Snap Back SouThJs Trafford Housing Trust- cultu CILtJ Trafford YOS- Culture Club Univetsity of Leeds- Culbjtè Club STEP IFomierW ACE)". Greater Sport Greater Sport. GMYCA Moth'r¥J NAVSH Apprenti RSMP SUt01 cJNvd. 500 4.000 500 1,471 1.471 362 5.000 1,917 7.748 7,746 13.773 46.927 1.625 14.960 11888 14.960 11888 51,042 14,960 2.000 926 319,132 19.080 1.382 4.958 10.lxyj 484.739 337.70B 337.708 6.833 429.433 436.266
16 Nctss tt th• accounts forthe yoarèNled 30th June 2024 In from eharttable ac¢lvStles FurKIs Funds T(al Funds Totsl Funds Y•ar Ended 30 Yeor Ended Yr End•d Yeaw Ended 30 Jun• 2024 30 June 2024 30 JuA• 2024 Jw• 2023 Su&total Trafford Swrts Retionship- CuMKe Club Trafford MBC Care Leavers Care Leavers Interviw4 Sup Gorgeous Gotse Hill - Cunure Club Trafford MBC- Community Link Wther Trallord MBC- Culture Club Pilgrim Trust Sport Works Limr(e¢l- Challenge Spjt Works Limited- Short Bfeak5 S8trMd Swrt Work5 Limited- Sak West Trafford Care Leavers Peer NNors Traffd MBC. G Vitr Onty Trafford MBC- Hate Crime Freedorn Personal Safety- (knj ViLs On GMCAIWEA GMCVO- Costof Living Gater Manchester PdKe. Gocwl Vibes ( Greater SF()rt- Right to Streets Trafford M8C- Youth Cabinet House of Cn)nS. Youih Cabinet Trafford M8C- Youth Conne(A Parent Grr4 Calm Connectsons- Culture Club Curious Minds- Cuibfft Club Culre Club Tiafford ComrnunKy &YÈ¢Xi¥e. Cle Club Safe Str(mg Communibes Tralford Cornmunrty cle(Ve- Rffjhts to Streets GM Moving- Rohts lo Streets Trafford Cultural Educabon Pership Nemrk u%c Mentoring Foundation 92 . Music Mentonng WaS Family Enterprise Trust Sak West Short Film Project Sl Jom Vianney &hcM)I Trafford Youth Cabinel Totsl Income 6,833 429,433 6.375 436.266 6,375 484,739 62.174 16.312 1.200 141 12.499 32.835 32.835 30.000 16.768 49,776 16.768 49,776 12,89S 34.D12 1.018 47.508 4.869 9.838 15.700 16,085 15.71Y) 22.630 15.71J) 22.630 200 1.900 210 13.C4XI 13,000 8.487 3.000 3.750 200 3,000 3.750 200 240 1.125 150 150 1.951 1.958 558 731,460 6.833 723,469 730.302 "' STEP IFormerlyACEI stsnds forAMemabve Creath arnl ctsnpTW ftjnding from Allnncham Coiieg& of. Ashkn) on Mersey School, Brentwood HJh Schx4. CamfThn Group, Di%S Br(N)klands Acmy, Fkxton Girfs schcl. Manchester Academy. Manchester Cty Counol. Mawe Hall Sch>)l. oak Acadery. Oasts Acajerrry, Sa HVJM School, Saifvd ht)nrton'r¥a. Sl Anth(*)y's Schcd. The Parks TBfford M8C. Virbjai Sdth R¢rJKiaie, Welliw Schry)l and Wiffal Couml.
GORSE HILL sfuD105 CREAnVE COVAUITY 17 Iloiesto the attwntsfor theyeai ended >)thJune 2024 Incom• from chafjtsble acifvltKs Previous reFk)rting period Funds FuNI$ Tcal Ful5 Year Ended 30 Year Ended Yèar ended ne 2023 30 n 2023 30 June 2023 Unrestrth grants". Friends of Stietford Public Hall Garfjeks Weston Foundatso TranSrt lor Gater Mancheskr Restricted grants. Adyen NV- Cutture Club Care Leavers Transi*on Group Community RewJrters- Continuè Trafford Housing Twst- Music Sludio Trafford MBC - Music Stu( Salfor4 CVS- Snap 8a¢k Sounds Trafford Housng Trust- Culture Club Trafforrj YOS- Culturè Club University of Leeds- Curtute Club ACE" Greater Sport Greater Sport. GMYCA M)viThJ NAVSH ApyentKe RSMP Trafford Sp)rts Relatsonship- Culture Club Traltord MBC Care Leavers Cate Leavers Inter¥iew Supwt GorgwJus Gorse Hill- CUre Club Trafford MBC- Cornrnunity Link Worker Trafford MBC- Cultufe Club Spcrt Works Llrnlt- Challenge Iformeity LDD Davyhulrnel Sport Works Limited. Sh¢M Bwks Sabjrda Swt Wotks Lirnited- Sale Wesl Trafford C3rè Leavers Peer Vantors Trafford MBC- Good Wites Freedom Personal Safety- G(x)d On Greater Manchester Police- G( Vibes Onty Gwter Sport- Right to Streets Trafford MBC- Youth Cabin Trafft)rd MBC- Youth Connect Parent GrrA Calm Connections- Culture Club Culture Club Trafford Cultural ELIUcaon PartnerS"p Netst4k Music Mentoring Sl John Vianrw Schcoy Trafford You¢h Cabinet 30.000 1,917 13,773 1.625 1.917 13,773 1.625 51.042 14.960 51.042 14. 2,000 2.000 926 319.132 19.080 7.382 319.132 19.080 1,382 4.958 10,000 62.174 16,312 1.200 141 10,¢JXI 62.174 16,312 12.499 1.300 12.896 12,499 12,896 34,012 1.018 47,508 34.012 1.018 47.508 500 9.838 15.700 16.085 9.838 15,7(Kl 16.085 1.900 210 6.467 3.000 1.125 1.958 558 731,460 210 6.487 3.000 1.125 1.958 558 695.9fA) 35,5
GORSE HILLSTUDIOS CREATIVE COPIthIU 18 Nctss to th• accourrts for the y8ar•nded 30th June 2024 5. In¢omo from othertradlng actl¥lti•s Funds Funds Total Funds Totsl Fund¥ Yèar Endtd 30 Y•ar Endèd Year Enthd Year Ended 30 Jun• 2024 30 June 2024 30 Jw)e 2024 ne 2023 Project Incorne Fundraising Events Rental incorne 4,938 392 29.269 34.599 4.938 392 29.269 34,599 4,198 29.665 33.863 Previous rewrting period Funds Fynds Total Funds Yèar Endod 30 Y•ar End•d Year ErM1od ne 2023 30 2023 30 thjne 2023 Projert Income Rental income 4,198 29.665 33.863 4.198 33,863 6. Expendlture Yr Ended Yew Ended 30 30 Jun• 2024 June 2023 Comsof raislngfunds: Events Costs Ad¥Mtssing and markthng 14.025 14,025 15,997 149 16.146 14.389 14.389 expendItu on ChartsIe activili•s: Employmenl Costs Training RcKxn Hire Felance Costs DBS Fees Lln5 Travel Expenses Minor Equipment Resources Bad Debts Repairs and Maintrnan Retreshments Supervision Sui6cripbons rr maintenan arkj %)fhYa Cleaning Telephone Bank Charges Loan Interest Insurance GOVeran and su1 C$ Post. Pnnting 8 Stsbonery Depreciation 488.167 7.126 1.943 193.867 1.249 756 9.164 1.416 28.239 486.167 7.126 1.943 193,867 1.249 756 9.164 1.416 28.239 491.415 18.032 1.807 150.843 1.(12 149 24.724 1,305 1.305 3.105 1.550 2.8 1.917 11.189 2.528 8.116 1,917 11,189 2.528 6.116 8.593 3.107 18 3.168 1.092 12.253 3.166 2.176 32.497 720 21.890 825.625 3.168 2.176 32,497 720 21.8 825.625 21,211 7T9.183 Othèr •xptndttU. Sundry Expenses 93 795.422 640.014 840.014
GOPSE HIiLSTUIXOS CREATIVE COMMUIIITY 19 Nots8 to th¢ accounts forth? year end8d 30th 2024 6. Expendtyre Year Ended Yw Endtd 30 30 June 2024 June 2023 Rertricted expenditure Unre5tritted expenditure 834.352 5.e62 840.014 706.756 88.666 795,422 7. AlIcatIOn Of80¥ernan ond support£osts The breakdown of support costs and how these were allocated ietween governance and ollr supyM)rt costs is shown below.. General Supwt Governance Total 2024 Ba¥18 of apwtitinmtni Independent Examinat¥)n Fees PrOfeSsn?1 Fees Payroll Bureau Fees 1.502 1,502 type ol expendthjre 27.815 type ofexpeTrYre 3.180 ofFwkn¥e 32.497 27.815 3,1BO .995 PrevLOUS repK)rb'ng Indeent ExarninatK)n Fee5 Professional Fees Payrol18ureau Fees 1.970 1.970 Ofe¥e .509 ofexperKSiture 1.774 01¢rthre 12.253 1.774 10.283 1.970 & Anatysls ofemploymerf costs 30 ju 2tr24 June 2023 Wages and Salaries Pensions Swal Secunty Costs 444.037 9.108 33,022 486 167 448,9)3 8.692 33.820 491,415 Ajlwted as rdths" charitab Acii¥its Support Cost5 486.167 491.415 486.167 491,415 The avorage number olemOYeeS during the wr ¥vas 30 Iwewous peri(Kl. 321. The charity considers rts key managemeni tersonnd Ctsmpnsestheln arKI SenwKtsnag¥& Thelthl employment benefits of the key management personnel were £46.Eill (previou5 period.. £34.7511. No eMoyee has beffils in excAss LrfE60,O Iprevws wfic*l.' fictrl. 9. Indopendent Examiner F8es Y•ar Endod Y•ar Endod 30 30 Jun• 2024 Jum 2023 Independent exarninatrJTh fees 1.502 1.502 1,970 1.970
GORSE HILL STUDIOS CREATIVE COAIWNITY Notesto the xcounts forthe yearerrfled 30thJune 2024 10. Tangible Flx¢d Assrts Ollke aNI Music EquipmonL Minlbus. Mobfjle Stwje Siudw) Total Cost At l Juty 2023 Additions At 30 June 2024 129.201 4,222 133.423 129.201 4,222 133,423 Depreciztlon At 1 July 2023 Charge for Year At 30 June 2024 30.920 21,8 52.810 30.920 21.890 S2.810 NET 600K VALUE At 30 June 2024 80,613 98.281 80,613 98,281 At 30 June 2023 IL Anatysis ofdebtors 2024 2023 Debtor5 Prepayments 112.370 3.495 115.865 127,375 3,961 131,336 Oebtor5 and prepayments relad to restricted funds £l(KI.88812023.. £127.1921 and U51Cted £14.97712023: £4.1441. 12. Credltors: amounts fall6detlItiln v AsS to GT(N¥ih Loan Credrtors other ueditors and accwals Oeferrad incorne Taxatk)n and scoal security costs 10.105 1.753 9.023 10.105 1,901 1,200 7.861 9.054 30.121 113} 7.897 28.T78 13. Deferred Incon Deferred Irscome compnses hjndry rewved in ad¥arte. Balan a5 al 1 Juty 2023 Amount rekased to inccxne eamtrj Irom Amountdelerred in year BaL8nee at 30 June 2024 7,861 17,861} 14. Credltorn: Amounts falllng dy• •ft•r than one y•ar 2024 2023 Access to Grcmth Loan 18.526 18.526 28.631 28.1 The Acces5 to Growth Loan is repayable as follows.. Within one to two years Wlthin two to five years 10.105 18.526 28.631 10.105 28.831 38.736
GCM15E HIiLSTUDIOS CJIEATNE COMMUN 21 Notesto the arcountsfor thepar ended 3Othju 2024 15. Analysls ol charilatrdè fuThJs Anaty8is of moY•n*nts in wnr¢stsl¢t•d funds Balanc• at i Incoming R•sources 2023 R•sourcw expended Banc• ai 30 June 2024 General Fund Designated Funds 9.172 130.000 139.172 (s.) 93,349 1130,0001 136,6511 141.467 44.608 15.6621 141.467 Previous repordng p•rtod Bala¥ * 1 July 2022 15.493 130.orii 14S.493 lrtcornlng R¢sources R•sources 83.047 B•lBn¢e * 30 Tr4n5f•vs June 2023 17021 9,172 130.orx) 129.172 General Fund Designated Funds 83.047 188.6861 17021 Name of unrestrlthd fvNI.' General Fund Designated Funds Oqscriptlon. natyre and wrpx• 011ld The Yree re$t$, Fcy fvIuTe redUThtsr drou costs
GORSE HILL mJDIOSCReATIVE COMMUlaTY Notes to the I¢¢15 fvrthe ymr ended 30th June 2024 15. Anatysis of charttsble fvnds Analy$t3 ol mthfefthnts in r•stsicttd funds Balance ai 1 Juty a)23 In¢oming Balance at 30 Junè 2024 N8tKJnal FoundatK)n Rethage Fund- Musc Stth0 Care leavers Forum Communty Organisation Salford CVS- Ach'eve Ast Fund Trafford Housing TnJst- MUS Trafford MBC_ Music Sald CVS- Snap Back STEP (Formerty ACE). Gwler Sport RSMP Trafford SFOrts ReIatrhShIp- Cultwe Club Manchèster Airw)rt Traffor(J MBC Care Leavers Care leavers Inier¥ivw Supp Trafft)rd MBC- Cuiiure Club Pilgrim Trust Sp)rt Works rn1d- Chaiknge Sport Works Limited- Shcxt Breaks Sabjr Trafford Care Leavers Peer Mentors Trafford MBC- Hate Cnme GMCAIWEA GMCVO- Cost of Living Greater Manchester Polr*- Wi$ Grearer Sp)rt. Right to Stree Trafford MBC- Youth Cabinel House of Commons. Youth Cabinet Trafford MBC- Youth Cneth PaTrt Group Curious Minds- Culture Club Culiure Club Trafford Community Cokthe- CU0 Club Safe Strong Cornmunite5 Trafftjrd Comfflunty co1C¥e. RW to streets GM Moving- Rhts 10 stets Foundation 92- Music MentoriNJ Wates Family Enterprise Trusl Sale Wesl Short Film Project Trafford CUlra1 Educati( Partnership Netstffk Musc Ventn9 13.400 120.6041 (lo.1) 148,5111 111.1321 149.7281 18.7031 114.9601 1341.1321 18,7601 110.rM]01 16.3751 {4001 7.746 48.927 14.0 12.888 2,335 416 3.828 32.248 42,603 36,838 51.3C6 14. 230.769 8.760 10.000 15601 4CK) 11651 32.248 337.708 227.145 6.375 165 14201 (32.4251 118.4751 118.946 151.30n 134.8621 15.3791 129,4701 123.8001 13.6941 130,3031 123.32n {2rK)I 11.9001 113.0001 17401 13.rKM)I 13,7501 12001 {2401 1150) 32,835 30.IXXI 16.768 49,776 26,228 4,869 210 620 11.525 139 1.531 8.634 11701 23.800 3.694 14 603 697 15.700 200 13.000 740 3,750 2LW) 240 19) 5.rjjo 5.000 3,380 {4.5201 11,9511 13.0001 (7091 1834,3521 1,951 655 328,123 402.355 723.469 36,651 £74.851 ofthe Mwc SludK) Refurtdshmerf represents dwi8t.
Goiise HILL snJDIOS CREAnVf COMMUNtri 23 NrAes ththt accounts fortht yearded 3(thJunE X124 15. Analysisof charff¢ablefvnd$ Anatysis ol movernents in restrKtsd fvd$ Prevk)us rep)rting per Balance at 1 Juty 2022 Incomlrwj Re¥ourees Balance at 30 June 2023 Music Studio Refuroishment GRnls". ACAXS lo GrThvth- Music Studio Natn31 Foundation Recharye Fund- Siud Trafford Housing Twst- Mus¢ Slud Trafford MBC- Music Studio Other Restrirted Gfants. Adyen NV- Culture Club Care Leavers Tranlion GTWP Community Rep)rtpJs- Continue Saiford CVS- Snap Back S(KIs Trafford Hougng Trust- Cultyre Chjb Trafford YOS- Cullure Club University of Leeds- Cumure CW) ACE" Greater Swt Greater Sport- GMYCA MovitVJ L05tock SchcK)l- Mentonr NAVSH Apprenti RSMP Trafford Creative Ventorship- NIJS Kntonr Traltord Skhyts Relatyonsts'p- Cullu Cbjb ManchesterAirport Trafford MBC Care Leavers Carè Leavers Interview Supp)rt Gorgeous Gorse Hill- Cultute Club Trafford MBC- Communtty Link Wcrfker Trafkjrd MBC- Cutljre Cksb Tralford MBC- Digitsl Grant Sport Works Limited - Challenge Ilormerty Sport Works Lirnited. SIK)rt ak$ Satt¥days Sp)rt Works LITnited - Sale West Traffcd ca Leavers Peer Mentors Trafford MBC. GcK#J Vibes (hty Freedom Personal Safety. Gry)d Vites Greater Manchester Police- Gofyj Greater Sport- RvJht to streets Trafford MBC- Hate Crime Trafford MBC- Youth cabt Trafford MBC- Youth Conne¢t Parent Group Calm Connecti. CuKure C Culture Club Trafford Cultural EdWIM Parb)er5hip Netsrk MUSL Mentonng st John Vianney Sch Trafford Youth Cabinet 12.OC() 38.898 30.394 112,0001 125.4981 13.400 36,838 51.306 51.042 1.917 13.773 1625 14,960 {1,9171 121,4051 13.7501 2.125 14.960 IiTh)o} 12,W)I 19261 1350.5741 116,0231 11,3821 16381 17.3991 14,8321 14.9001 165.5WI {4001 {18.W)I 12401 11411 120.5731 11.3001 14.52n 119.8611 136.5221 11.32n 139.394} 14.5331 {3CK)I 16.1441 11.0971 14.6601 115.7361 926 319.132 19.080 262.211 5.703 230.769 8.780 1441 4.832 4.gtKJ 1856 4.958 10.000 10,000 61174 15601 400 11651 2,333 16.312 141 12.499 8.074 4.527 6.853 4.041 12, 34.012 1.018 47. B8 1.531 8.834 4.033 30D 9.838 15.7th) 3.694 14,603 16.085 348 697 1,900 210 6.487 3.000 1,125 1.958 558 695.980 12101 15.7471 740 18651 11.4531 12.3921 1706.7561 15051 1.834 412.449 402.355
GORSE HIiLSTUDIOS CREATIVE COMMUN Notesto accountsforthpyear erthd 31kh 2024 IS. Analysisof tharttablefvnds Name of r•strictsd fund: National Foundation Recharge Fund- Styd Care Leavers Forum Community Organisation Saiford CVS- ACe¥e Asset Furxl Trafford Housing Tru5l- Music Sludio Traffoid MBC- MUS Studio Salford CVS. Snap W ScAmds STEP (Formerly ACE)" Greater Sport RSMP Trafford Sports RelatiorF5hip- Cullure Club Manchester Airport D8SCriPtfjon, natyre aThl purpose ofthe fd sic Stydv) refvrtsshmentfun("ng Youth activities Snap back sounds mux woJeL MUS Studio refuth'shrnèFrt fvnding MUS Sl(Klio refuthshrnent fijnding lor adurt teco¥wy through MUS Ddwery ofAtsrnab¥e crea Ea)n pr(wmI$ to ycxKo pP Swrts &jerShIP Hong KoThJ BrEbSh natiry IOS) inwrabon wq.ect foi Ihe Cunure Club Cowd 19 suptAknrvJ and gard)ing acbvths. The tHkn on this fvnd represents depreoaty ca Lea¥&s FfflLm prwl SUFW)rt the CulbJre Club Yth and creative the¢aps Cornmissloned fvJrKling to ddiverarknty sess¥)rts for young wth disabl1"e$ arK1 Mirj drU"e9 A Trafford Ctrjntsl oxnmisslced SENIDI respts (SraYs and school holiday51 for child uThler 11 yea Ytyj Can mentoriThJ wo YOU V¢xe prci Leaming and PYLwJramme Trafford MBC Care Leavers Care Leavers Interview Support Trafford M8C- Culture Club Pilgrim Trust Swrt Work5 Limited- ChalleD£e Swrt Works Limited- Short Breaks Saiurdays Trafford Care Leavers Peer Memors Trafford MBC- Hate Crime GMCAIWEA GMCVO- Cost of Livi1 Greater Manchester Police- Gd Wibes Onty Greater Sport- Right to Streets Trafford MBC- Youth Cabinet House of Commons- Youth CaL¥net Trafford MBC- Youth Connect PareniGroup Curious Minds- Culture Club Culture Club Trafford ComrnunTrty Collective- Culture Club Safe Strong Communities Trafford Community Collective- Rights to Streets GM Movin8- Rights to Streeis Foundation 92- Music Mentoring Wates Family Enterprise Trust Sale West Short Film Projert Trafford Cultural Edu(ation Partnefship Network Music Mentorbng Generic youth Lyowgon for Party in the Park. kK21 evèni YcKrth VO. action. Trurvj pecfle ar4J Oth"c5 Youth vty. soual acb"on. yourvj pe(pè p)h" creat've panting gjpwt pKwamry. courses forthe Cuknre Club for the Cunure Club for ts Cumjre Cluty G¢xxJ Vites Onth dub Ccxmmunty cdebrabon evwt Musc St1105 sesgor Pride Festival project Y(KJlh Club ojnsuttabw and ¢Jelivwy for a sh(Mt film pro for sd fundir rrieritoriTrJ
GORSE HILLSTUDIOS CREATrVE COMMU Z5 Nth5to the accounts for the year trnled a(Mh June 20Z4 16. Anatysls of net ass•ts bth¥•en funds Fund$ FurHIs Funds Total 2024 Tangible fixed assets Cash at bank and In han Other net currwt asset*lliat41thsl Totsl 4.535 159.609 122 677) 141.467 76.078 160.807 91.238 328,123 80.613 320.416 6B,561 469.5 Prwious raportlng pefiod Funds Funds Funés Total 2023 Tangible fixed assets Cash at bank an¢Y In hand Other net current assetsiiliabilblie81 Totsl 5.030 55.518 151,3761 9.172 93.251 185,144 123.960 402.355 98.281 370.662 72.584 541,527 130.IMO 130.OCK) 17. Flnanclal Instrun The ¢hanty only has finanual as3etsaThJ lthlitiès of a kind that qualfy as bas fiTh3noal instsuments. Basic finam instwments a initolly rewgnised a transacbon Yalue an(J subsequenty m8asured atts"r setuemwt value the extsption of bank loans which are subsequently rfeasured at an anvtised cost usiro the effecb¥e Intere melhtsl.