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MARGINAL CIO
ANNUAL REPORT & FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 202 2
Charity number: 1178831
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CONTENTS
| PAGE. | |
|---|---|
| Trustee Annual Report | 3 |
| Statement of Trustees’ Responsibilities | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 |
| Independent Examiner’s statement | 9 |
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Trustee Report
OBJECTIVES AND ACTIVITIES
In so far as it is complementary to the charity's objects, the charity is guided by both local and national policy. Advice from local organisations has proved invaluable to the charity in establishing improved links within the community and identifying relevant policy developments and prospective funding. The principal objects and activities in the year under review continued to focus on the development of social welfare, physical and mental health of children and young people aged 13+ within the Liverpool City Region.
This is achieved by providing leisure time activities designed to develop young people’s capabilities so that they may grow to full maturity as individuals and members of society. The charitable company operates a number of projects and initiatives and works in partnership with other agencies to ensure the widest: range of services are available that best match the needs of its client population.
PUBLIC BENEFIT STATEMENT
In considering the objectives and activities, the Trustees have considered Charity guidance on public benefit to ensure that the organisation is meeting its requirements.
ACHIEVEMENTS AND PERFORMANCE
We have continued to grow and develop the activities within Marginal CIO and our aspiration to grow the first young person led publishing house within the UK. Within the past reporting year, we have continued to deliver progressive, inclusive, and young person led publishing and story development workshops to 125 children and young people across the Liverpool City Region. We have specialised in supporting children and young people between the ages of 8-25 including: looked after children, young carers, care leavers, LGBTQIA young people, SEND young people, young people suffering with chronic and life limiting illnesses and young people experiencing low and complex mental ill-health. In the last financial year we have also continued to deliver open access and closed groups for children and young people based in community centers, children’s homes, libraries and Alder Hey Children’s hospital to reduce participation barriers for young peopl e experiencing multiple social, emotional or economic disadvantages. We have further continued to develop our commissioning arm to stabilize our reserves as a charity. Our highlights during the past year include developing a comics anthology of marginalised young people entitled 'Mind over Margins Joy Edition' based on young people and young people's experiences of finding joy despite their marginalised statuses. We have also continued to work on a children’s book entitled 'Lola and the Dragon' in conjunction with young people from Alder Hey’s Oncology Unit and version 2 of 'LGBT and Me'. During this period we have published 3 children's books.
Evaluation output has indicated that 70 % of children and young people improved their mental health; 6 4 % of children and young people reported a reduction in feelings of suicidal ideation and 8 8 % of children and young people reported a significant improvement in social connectedness post accessing our support for 12 weeks or more. Evaluation output further uncovered that 6 2% of children and young people who accessed our services had never previously accessed youth services since they found other ‘generic youth work’ services too triggering and frightening; 4 0 % had reduced their A&E Attendance; 8 8 % of children and young people felt like no one ‘understood’ them. On initial engagement 94 % of young people reported feeling lonely; with 72 % of young people citing that they had little to no friends.
The local community has benefited from an increased offer of positive youth activities in areas across the Liverpool City Region that focus on destigmatizing mental health issues within young people. Local communities have also benefited from closer community cohesion, especially from being able to offer more volunteer opportunities, leading onto access to teacher training courses, further education, or full-time employment.
The generous donations and funding received through businesses, community fundraising and partnership funding has meant that we could continue with our work at an accelerated pace.
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FINANCIAL REVIEW
Total income for the year was £ 3 0,000 of which £10,000 related to funding projects upon which restrictions are placed. Total expenditure in the year was £ 33,100 leaving a surplus for the year. The charitable company’s reserves stand at £ 69107
RISK MANAGEMENT
The main risks to which the charitable company is exposed as identified by the Trustees has been considered and systems have been established to mitigate those risks.
RESERVES POLICY
Reserves policy: It is the policy of Marginal CIO to maintain unrestricted funds, which are free reserves at a level to cover 3 months running costs (£ 10,725 ) and redundancy costs. As an organisation we will focus on increasing our reserves to the required amount through building full cost recovery into our grant and trust funding applications to lessen reliance on unrestricted income that is generated through zine sales and session commissioning.
PLANS FOR THE FUTURE
We have had an exciting and positive start to the year and will:
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Continue to develop Marginal as the first young person led publishing house in the UK.
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Develop needs led services to better support the needs of children and young people to thrive against austerity.
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Expand our drop-in sessions
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Develop a volunteer development programme to upskill children and young people to take ownership of Marginal CIO in the future.
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Invest more in commissioning and expanding our project across the city region. We have taken this year to assess the change from the COVID-19 pandemic and to develop our 5-year strategy for Marginal CIO.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Marginal CIO (the charity) is an incorporated entity governed under a Constitution of an Incorporated Organisation. The Trustees are responsible for the overall management and control of Marginal CIO and hold regular meetings.
All trustees give their time freely and no remuneration was paid during the year. The charity is run by the Trustees. The Trustees are made full members of the organisation, elected annually at the Annual General Meeting.
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MARGINAL CIO STATEMENT OF TRUSTEES RESPONSIBILITIES
The Trustees are to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the CIO as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year.
In preparing those financial statements, the Trustees’ should follow best practice and
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Select suitable accounting policies then apply them consistently
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Observe the methods and principle in the Charities SORP
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Make judgements and estimates that are reasonable and prudent
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Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the CIO will continue as a going concern
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State whether applicable accounting standards have been followed, subject to any material departure disclosed and explained in the financial statements.
The Trustees’ are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the CIO and enable them to ensure that the financial statements comply with all the relevant processes. They are also responsible for safeguarding the assets of the CIO and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report has been prepared in accordance with the Charities act 2011, Accounting and Reporting by Charities; Statement of Recommended Practice (SORP 2015) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1st January 2015).
By Order of the Board
………………………………….. Rhiannon Mair, Chair
Date: 2 2 /1 1 /202 3
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MARGINAL CIO STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31st DECEMBER 2021
| Income and endowments | Notes Unrestricted | Notes Unrestricted | Restricted | Total funds | Total funds |
|---|---|---|---|---|---|
| from | funds | funds | 2022 | 2021 | |
| Charitable activities | 1 | 20000 | 10000 | 30000 | 40000 |
| Other trading activities | 0.00 | 0.00 | 0.00 | 0.00 | |
| Total income | 20000 | 10000 | 30000 | 40000 | |
| Expenditure on | |||||
| Charitable activities | 2 | 23100 | 10000 | 33100 | |
| Total expenditure | 23100 | 10000 | 33100 | 62293 | |
| Total funds brought forward | 72207 | 0.00 | 72207 | 72207 | |
| Total funds carried forward | 69107 | 0.00 | 69107 | 72207 |
All the above amounts relate to continuing activities of the CIO
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MARGINAL CIO BALANCE SHEET AS AT 31st DECEMBER 2020
| Notes | 31st December | 31st December | 31st December |
|---|---|---|---|
| 2022 | 2022 | 2021 | |
| (Unrestricted) | (Restricted) | ||
| £ | £ | £ | |
| Fixed Assets | |||
| Tangible Fixed Assets | 0.00 | 0.00 | 0.00 |
| Current Assets | |||
| Cash at bank and at hand | 69107 | 0.00 | 72207 |
| Prepayments | 0.00 | 0.00 | 0/00 |
| _ _ _ _ _ | _ _ _ _ _ | _ _ _ _ _ _ | |
| 69107 | 72207.00 | ||
| Current Liabilities | |||
| Creditors: amount falling | |||
| Due within 1 year | 0.00 | 0.00 | 0.00 |
| _ _ _ _ _ | _ _ _ _ _ | _ _ _ _ _ _ | |
| Net Current Assets | 69107 | 72207 | |
| _ _ | _ _ _ _ | ||
| Total Assets less Current Liabilities | 69107 | 72207 |
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These financial statements have been prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of ireland (FRS102).
MARGINAL CIO FINANCIAL NOTES OF THE YEAR ENDED 31st DECEMBER 2020
| Unrestricted funds 2022 72207 Note 1. Income Grant income-Children In Need- for Project worker Salary & stationery Commission 20,000 92,207 Note 2. Expenditure on charitable activities |
Restricted funds 2022 10,000 10,000 |
Total Funds |
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| 2021 72207 10,000 30000 112, 2007 |
| Project Session worker Printing Costs Artwork Adobe creative suites Accounts preparation Insurance |
Unrestricted funds 2022 24120.00 4000.00 2400.00 1680.00 450.00 450.00 33100.00 |
Restricted funds 2022 10000 1000.00 |
Total Funds 2021 32857.01 25000.00 2205.00 1674.00 450.00 106.74 62292.75 |
|---|---|---|---|
Description of Funds
BBC Children in Need- £10k Towards project worker costs
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Independent Examiner’s report
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/12/202 2
Responsibilities and basis of report
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 2011 Act) and that an independent examination is needed. It is my responsibility to:
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examine the accounts under section 145 of the 2011 Act,
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to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act, and
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to state whether particular matters have come to my attention.
Basis of Independent examiner’s statement
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.
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:
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to keep accounting records in accordance with section 386 of the Companies Act 2006; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting 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.
Signed: J C McChrystal Date: 2 0 /1 1 /202 3 Name: J C McChrystal Qualification: CIMA Adv diploma of management