REGISTERED CHARITY NUMBER: 1183616
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 May 2024
for
Nurturing Foundations
Raise Chartered Accountants 10th Floor
3 Hardman Street Spinningfields Manchester M3 3HF
Nurturing Foundations
Contents of the Financial Statements for the Year Ended 31 May 2024
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 4 |
| Independent Examiner's Report | 5 | ||
| Statement of Financial Activities | 6 | to | 7 |
| Balance Sheet | 8 | ||
| Notes to the Financial Statements | 9 | to | 14 |
| Detailed Statement of Financial Activities | 15 |
Nurturing Foundations
Report of the Trustees for the Year Ended 31 May 2024
The trustees present their report with the financial statements of the charity for the year ended 31 May 2024. The trustees have adopted the provisions of 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) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES Objectives and aims
The purposes of the charity are:
To advance in life and help young people, and in particular (but not exclusively) those from Black, Asian and Minority Ethnic Backgrounds, by providing support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals.
To promote social inclusion for the public benefit by preventing people from becoming socially excluded, relieving the needs of those people who are socially excluded and assisting them to integrate into society.
Our vision continues to shape our annual activities, focusing on youth-oriented events, personal development initiatives, and skills enhancement programs. These activities empower young people by fostering self-confidence, social and life skills, and positive mental well-being while also providing opportunities for them to engage in volunteering.
In addition to our work with young people, the charity remains committed to enhancing the quality of life for residents of North Manchester and the wider Greater Manchester area through inclusive and engaging community events.
To achieve our objectives, we implement educational programs in collaboration with local schools, colleges, and higher education institutions. We deliver a variety of social skills activities led by professionals to support young people’s confidence and self-expression. Where possible, these programs align with educational curricula to promote academic achievement.
We extend our sincere gratitude to our dedicated volunteers, including member volunteers, who have generously contributed their time, energy, and expertise. Their commitment to supporting our members and youth workers has been invaluable, enabling us to make a meaningful impact in the community.
Public benefit
The charity is a public benefit entity
The Trustees have considered the obligations of the Charities Act 2011. We are satisfied that Nurturing Foundations complies with the Act and with section 4 of the Act concerning ‘public benefit’ guidance issued by the Charity Commission.
Our main activities and who we are trying to help is described.
All our charitable activities focus on the prevention of emotional, social and economic disadvantage due to the lack of financial means and are undertaken to further our charitable purposes for the public benefit.
The trustees review the aims, objective and activities each year. The review looks at what we have achieved and the outcomes of our work over the previous 12 months. The review looks at the success of each key activity and the benefits they have brought to those groups of people it has set out to help. The review ensures that the aims, objective and activities remained focused on its stated purposes.
We have referred to the guidance of the Charity Commissions general guidance on public benefit when reviewing aims and objectives and in planning our future activities. In particular, the Trustees have considered how the planned activities will contribute to the aims and objectives they have set.
Page 1
Nurturing Foundations
Report of the Trustees for the Year Ended 31 May 2024
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Tackling Inequalities – Spirit of Manchester Awards
We were honoured to be shortlisted as a finalist in the Tackling Inequalities category of the Spirit of Manchester Awards. This recognition highlights our commitment to addressing, deprivation, social and health inequalities and the positive impact of our work within the community. We remain resilient, continually evolving to meet the needs of young people and families. Through advocacy and engagement, we continuously work to amplify community voices and promote equity—particularly through the African and Caribbean Alliance (ACA), which we lead.
5th Anniversary Celebrations
Supporting Young People’s Futures: The New Horizons Initiative.
We welcomed esteemed guests, including the Deputy Lieutenant, the Lord Mayor of the City of Manchester, the Lord Mayor’s Consort, Councillors, partner organisations, corporate sponsors, parents, community members, young people, and beneficiaries. Together, we shared our ongoing journey with Manchester City Council towards becoming a Child-Friendly City, emphasizing the importance of listening to young people and addressing the issues they identify as priorities.
Many young people in our community face significant barriers—low aspirations, poor educational attainment, and social, emotional, and mental health challenges—which limit their ability to progress in education, employment, and life. Beneath the vibrant image of our city, a growing mental health crisis continues to impact young people, highlighting the urgent need for targeted support. At the heart of our mission is the New Horizons Initiative—a lifeline for young people in Greater Manchester. Through tailored counselling, mentoring, and employability coaching, we will empower young people to overcome obstacles and improve their mental health and well-being.
Charity of the Year – Shoosmiths
Partnership with Shoosmiths: A Major Milestone
A significant achievement this year has been our selection as Charity of the Year by the international law firm Shoosmiths—a testament to our hard work and dedication. Being chosen among other charities highlights the impact of our work and the trust placed in us.
This partnership has provided numerous benefits, including: Increased visibility, Volunteer support, Access to legal expertise and career support for young people.
We are deeply grateful to the Shoosmiths team for their generosity, commitment, and belief in our mission.
Engagements:
University of Manchester – Research: 118 students and 97 staff members have contributed to surveys and focus groups with the aim of understanding the importance of a more inclusive academic in workplace environment and usage of race-related language. We were commissioned to conduct Research on Understanding and Redefining Race Terminology: Towards Inclusive and Appropriate Language Recognition. The study addresses significant questions related to the impact of racial words on inclusivity, mitigation of biased terms, academic awareness of biased language, and ethical considerations in restricting racial terms.
Manchester City Council Youth and Play Funding in partnership with the Manchester Youth Zone enabled us to establish a dedicated hub for in-person delivery at the Manchester Communication Academy benefiting both young people and their families. Social Saturdays and After School Clubs have supported 380 young people to receive vital support with an average of 70 attending regularly each term. These innovative sessions have successfully developed essential life skills, boosted confidence, and raised aspirations among young people aged 11-16 thro ugh engaging, interactive activities. The impact of these sessions has been profound: 92% of participants reported increased understanding of self confidence, 87% experienced improved mental health, greater confidence, enhanced decision-making abilities, stronger community connections, and began volunteering, 85% reported improved overall well-being, 82% developed stronger social skills, resilience, and communication abilities, gained better financial management skills and deepened their engagement with local social networks.
Sported Barclays Community Football Fund supported 20 young people from lower socio-economic backgrounds to develop their football skills and a young adult into a leadership coaching role who now volunteers during football training sessions and games.
Duke of Edinburgh (DofE) have supported 15 young people on the Bronze Award, helping to improve their confidence and making positive impact in the community. We became a new DofE centre under the “Our Access Without Limits funding programme” which aims to ensure that the DofE is for all young people and reflects the most diverse young people. We have been able to open-up access to the DofE for young pe ople living in difficult circumstances, including those unable to afford to take part as the programme is Free.
BBC Children in Need have supported 95 young people to fully access our services and specifically overcome barriers to culturally competent participation. As an organisation that takes a lead role in North Manchester, the funding has supported us to expand our footprint ensuring our community needs are properly met. We have been able to play a key role in delivering and collaborating to provide accessible services to beneficiaries. The funding has enabled us to strengthen and expand our current projects (to meet demand) and co-develop new ones. We have increase capacity by employing an operations manager to support the growth of our services which has in creased managerial capacity.
Page 2
Nurturing Foundations
Report of the Trustees for the Year Ended 31 May 2024
Co-op Foundation generously supported our youth activism programmes to directly work with 24 young people annually into positions of power. Youth School of Leadership participants identify how they can make impact by becoming youth ambassadors who role model leadership and advise our Board ensuring young people’s voices are heard. They are in the process of setting up a Youth Advisory B oard led by a Young Trustee.
UK Youth funding has enabled us to extend our online learning activities to more young people from wider community networks who already feel the effects of isolation from COVID 19. This has helped to develop and increase our organisations impact by integrating the skills builder approach into our work and services to the young people thereby developing strong aspirations through a variety of positive activities that they can participate in which has helped to fight isolation, build resilience and self-esteem by virtually bringing them together.
Youth Bank program supports young people to develop the skills to become grant makers. 15 young people evaluated projects proposed by young people across North Manchester, assigned funds to those they consider meet the criteria with the aim of making a positive difference to other young people. They visited the projects of the successful applicants and learnt invaluable skills. They went on a youth exchange program to Germany learning from a community of youth led changemakers around the world. The third year of the Youth Bank project has commenced.
Making Education a Priority (MEaP) collaborated with us to extend Youth Outreach Community Hubs with funding from the National Lottery Community Fund to support young people at risk of anti-social behaviour and violence. Young people are able to access activities to improve physical fitness and mental health, improve confidence and help to focus on their educational and career aspirations.
100% of participants have started volunteering in the community. 87% increased confidence in contributing to their community; 85% reported improved confidence, improved mental health, increased independence, decision making skills and improved relationship with their local community; 82% reported improved wellbeing; 80% reported improved social skills, improved resilience and communication skills, increased ability to manage their finances, increased engagement with their local social networks, and a more meaningful social life.
African and Caribbean Alliance (ACA) increases the capability and capacity of smaller emerging community organisations, supporting them to thrive and become sustainable. Through this Alliance, which we lead, we continue to increase their collective resilience, which has positively imp acted the health and wellbeing of Manchester residents.
NHS Manchester Local Care Organisation (MLCO) commissioned us to deliver a Healthy Hearts project embedding a community development model of engagement that focuses on raising awareness of improving heart health and the associated risk factors of high blood pressure and high cholesterol to over 100 Black African and Caribbean community members thereby improving health and wellbeing outcomes in North Manchester.
FINANCIAL REVIEW
Financial position
The total income received in the year was £187,652 (2023: £105,408). The Charity's expenditure came in over income by £10,296 (2023: by £19,358).
The Trustees continue to have oversight of the Charity's finances.
Reserves policy
The Trustees have examined the requirements for free reserves and they consider that, given the nature of the Charity's work, free reserves should be equivalent to approximately 4 months routine expenditure of £20,000. The trustees are of the opinion that this provides sufficient flexibility to cover temporary shortfalls in incoming resources.
Going concern
There are no material uncertainties about the charity's ability to continue, as they have retained sufficient unrestricted reserves, inline with the reserves policy.
FUTURE PLANS
As we look ahead to the coming year, our focus remains on strengthening our capacity and infrastructure to enhance sustainability and improve the way we measure and report our impact. We are committed to meeting the increasing demand for support from young people while also positioning ourselves as an enabler for emerging local voluntary organisations.
Our interactive and engaging workshops, along with other structured activities, will continue to foster confidence and capability among young people. Additionally, we aim to expand our provision of safe spaces across different parts of the city, ensuring more young people have access to supportive and positive environments.
To maintain and strengthen our presence in Manchester and Greater Manchester, we will continue to build strategic partnerships. Our membership with Manchester Community Central (MACC) and our collaboration with the North Manchester Network of Voluntary Organisations will be instrumental in securing our long-term sustainability and impact within the region.
Page 3
NurturihR RL'PI)rt of tlK' Tru%ltt ftsr the Yeai. 31 2024 STRUCTVRE. GOI'EIL•4ATr4CE AND IMANAGEMENT The charity is con11[¢d by ils goveming docuni¢nl. a deed of trus't and conslilul¢s a charitable incordd orgallisation. Recruitment anil appointment of new ttijstfes Mejnlxrs uf the B(iotd vl. TrLfil¢ts ar¢ ¢l¢Lt¢d and ¢i)-OPted a¢'¢ording io ihe ¢on51itUlion and under the tem]s of Ihe M¢]nvrandum and ArticlL* ot'A%qoL&alion. ThL LILctiO on lo the board iakc placc i)n an annual b&qiq ai Ilic ('lri5 Annual (iencral mclling. All rwqiees otlertheir services &$ 1'olun and do noi tell'e aoy paymeoi for their lime and commirmenr. REFERENCE AND ADMIYISWTII'E DETAILS Ri%i4te Ch#rih' nurnbrr 1183616 Principal a(Idres5 The Cenrre Hatpurhey N¢ighLK)UthO( Pr()j¢cl C'ari%btLK)k Sireel Hary)urhcy M9 SUX T Omolc K Odo(k) F (Jni C'hartered Accountants Iodi Flth)r 3 Hdrdmdrt Stre Spinninglicld% M]lhler M.3 3HF Approvtxl by order of the knard of tNsiees on 14 MarLh 2025 a1 signed on ils hairbY. K Odojo. Tt¢¢ Page 4
Independent Examiner's Report to the Trustees of Nurturing Foundations
Independent examiner's report to the trustees of Nurturing Foundations
I report to the charity trustees on my examination of the accounts of Nurturing Foundations (the Trust) for the year ended 31 May 2024.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Su Rai
Raise Chartered Accountants 10th Floor 3 Hardman Street Spinningfields Manchester M3 3HF
14 March 2025
Page 5
Nurturing Foundations
Statement of Financial Activities for the Year Ended 31 May 2024
| Unrestricted Designated fund funds Notes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 3,267 - Charitable activities Social workshops 28,000 - Radequal - - Support for families during seasonal holidays - - MCR Active - - Mental Health and wellbeing - - First 1,000 days of a child - - Summer Buzz project - - Young parents hangout project - - Co-op foundation live launch - - Million Hours YOURS Fund - - Equan/DWF Community Fund Cultural Foodbank - - Co-op Future Communities 30,000 - Investment income 2 34 - Total 61,301 - EXPENDITURE ON Raising funds 3 20,637 - Charitable activities Social workshops 25,713 - Radequal - - Support for families during seasonal holidays 1,184 - MCR Active - - Mental Health and wellbeing 2,102 - First 1,000 days of a child - - Summer Buzz project - - VCSE covid recovery - - Young parents hangout project 2,813 - Co-op foundation live launch - - Million Hours YOURS Fund - - Equan/DWF Community Fund Cultural Foodbank - - Co-op Future Communities 22,514 - Total 74,963 - NET INCOME/(EXPENDITURE) (13,662) - Transfers between funds 10 (25,000) 25,000 Net movement in funds (38,662) 25,000 RECONCILIATION OF FUNDS Total funds brought forward 59,756 - |
Restricted fund £ - 34,000 - 41,908 800 39,857 - - - 1,250 5,536 3,000 - - 126,351 - 34,550 - 41,257 800 38,675 - - - - 750 3,953 3,000 - 122,985 3,366 - 3,366 8,500 |
31.5.24 31.5.23 Total Total funds funds £ £ 3,267 8,385 62,000 43,000 - 8,937 41,908 - 800 1,000 39,857 1,150 - 8,937 - 8,937 - 25,000 1,250 - 5,536 - 3,000 - 30,000 - 34 62 187,652 105,408 20,637 9,840 60,263 21,140 - 1,027 42,441 - 800 15,893 40,777 12,440 - 15,050 - 12,789 - 17,268 2,813 19,319 750 - 3,953 - 3,000 - 22,514 - 197,948 124,766 (10,296) (19,358) - - (10,296) (19,358) 68,256 87,614 |
|---|---|---|
The notes form part of these financial statements
Page 6
Nurturing Foundations
Statement of Financial Activities for the Year Ended 31 May 2024
| Unrestricted Designated fund funds Notes £ £ TOTAL FUNDS CARRIED FORWARD 21,094 25,000 |
Restricted fund £ 11,866 |
31.5.24 31.5.23 Total Total funds funds £ £ 57,960 68,256 |
|---|---|---|
The notes form part of these financial statements
Page 7
NurturihR Shiyt 31 l¥lJi 2024 31.5.24 31.5.23 Total funds Unr¢stric*d fund D¢sig[d funds Rtsiticl¢d fund timds Not FllAD ASSETS Tangible as%etS 4,775 4.775 5.5W CURRENT ASSE75 Cash in IMnd 17.340 25,IXX) 12,789 55,129 66,308 CREDITORS Ajnounis talling duL within onc ycar 9 11.021) 19231 11,9441 13,6511 NET CURRENT ASSETS 16,319 25,IKIJ 11,866 53,185 62,657 TOTAL ASSETS LESS CURRENT LL4BILITIES 21,094 25.1 11,866 57,960 68256 NET ASSETS 21.094 25.IKM) 11.866 57.960 68.256 io UnrcsiriLied fi2nds R¢slri¢l¢d funds. 46.094 11.866 59.756 8.500 TOTAL FUNDS 57,9( 68,256 The tinancial siatemenls were approved by thc Brd ot. Tnjstees and authorised tor issue on 14 March 2025 and sId on its tehdlf by". K Ododo- Trustee The notes fornipart of fjnancial stal¢tn¢nts Page il
Nurturing Foundations
Notes to the Financial Statements for the Year Ended 31 May 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost Motor vehicles - 25% on reducing balance Computer equipment - 33% on cost
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Financial instruments
The charity only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities, such as trade and other debtors and creditors, loans, overdrafts and cash at bank, which are measured at amortised cost.
2. INVESTMENT INCOME
31.5.24 31.5.23 £ £ Deposit account interest 34 62
continued...
Page 9
Nurturing Foundations
Notes to the Financial Statements - continued for the Year Ended 31 May 2024
3. RAISING FUNDS
Raising donations and legacies
4.
| Raising donations and legacies | ||
|---|---|---|
| 31.5.24 | 31.5.23 | |
| £ | £ | |
| Insurance | 3,071 | 3,064 |
| Telephone | 945 | 1,110 |
| Postage and stationery | 1,862 | 1,550 |
| Support costs | 14,759 | 4,116 |
| 20,637 | 9,840 | |
| INDEPENDENT EXAMINERS' REMUNERATION Independent examination |
31.5.24 £ 870 |
31.5.23 £ 864 |
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 May 2024 nor for the year ended 31 May 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 May 2024 nor for the year ended 31 May 2023.
6. STAFF COSTS
| STAFF COSTS | |
|---|---|
| Wages and salaries Other pension costs |
31.5.24 31.5.23 £ £ 70,448 40,112 663 235 |
| 71,111 40,347 |
|
| The average monthly number of employees during the year was as follows: Charitable activities |
31.5.24 31.5.23 7 3 |
No employees received emoluments in excess of £60,000.
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted Designated fund funds £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 8,385 - Charitable activities Social workshops 13,000 - Radequal - - MCR Active - - Mental Health and wellbeing - - First 1,000 days of a child - - Summer Buzz project - - Young parents hangout project 25,000 - Investment income 62 - Total 46,447 - |
Restricted fund £ - 30,000 8,937 1,000 1,150 8,937 8,937 - - 58,961 |
Total funds £ 8,385 43,000 8,937 1,000 1,150 8,937 8,937 25,000 62 105,408 |
|---|---|---|
continued...
Page 10
Nurturing Foundations
Notes to the Financial Statements - continued for the Year Ended 31 May 2024
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| Unrestricted Designated Restricted fund funds fund £ £ £ EXPENDITURE ON Raising funds 7,181 - 2,659 Charitable activities Social workshops 6,013 - 15,127 Radequal 1,027 - - MCR Active 4,551 - 11,342 Mental Health and wellbeing 1,700 - 10,740 First 1,000 days of a child 1,700 - 13,350 Summer Buzz project 3,879 - 8,910 VCSE covid recovery 1,028 - 16,240 Young parents hangout project 3,567 - 15,752 Total 30,646 - 94,120 NET INCOME/(EXPENDITURE) 15,801 - (35,159) RECONCILIATION OF FUNDS Total funds brought forward 43,954 - 43,660 TOTAL FUNDS CARRIED FORWARD 59,755 - 8,501 8. TANGIBLE FIXED ASSETS Fixtures and Motor Computer fittings vehicles equipment £ £ £ COST At 1 June 2023 6,050 1,857 7,400 Additions 598 - 2,298 At 31 May 2024 6,648 1,857 9,698 DEPRECIATION At 1 June 2023 3,026 812 5,870 Charge for year 1,662 261 1,797 At 31 May 2024 4,688 1,073 7,667 NET BOOK VALUE At 31 May 2024 1,960 784 2,031 At 31 May 2023 3,024 1,045 1,530 |
Total funds £ 9,840 21,140 1,027 15,893 12,440 15,050 12,789 17,268 19,319 124,766 (19,358) 87,614 68,256 Totals £ 15,307 2,896 18,203 9,708 3,720 13,428 4,775 5,599 |
|---|---|
continued...
Page 11
Nurturing Foundations
Notes to the Financial Statements - continued for the Year Ended 31 May 2024
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 31.5.24 31.5.23 |
31.5.24 31.5.23 |
||||
|---|---|---|---|---|---|
| £ | £ | ||||
| Other creditors | 1,944 | 3,651 | |||
| 10. | MOVEMENT IN FUNDS | ||||
| Unrestricted funds | At 1.6.23 £ |
Net Transfers movement between At in funds funds 31.5.24 £ £ £ |
|||
| General fund | 59,756 | (13,662) (25,000) |
21,094 | ||
| Designated funds | - | - 25,000 |
25,000 | ||
| Restricted funds | 59,756 | (13,662) - |
46,094 | ||
| Restricted funds | 8,500 | 3,366 - |
11,866 | ||
| TOTAL FUNDS | 68,256 | (10,296) - |
57,960 | ||
| Net movement in funds, included in the above | are as follows: | ||||
| Unrestricted funds | Incoming Resources Movement resources expended in funds £ £ £ |
||||
| General fund | 61,301 (74,963) |
(13,662) | |||
| Restricted funds | |||||
| Restricted funds | 126,351 (122,985) |
3,366 | |||
| TOTAL FUNDS | 187,652 (197,948) |
(10,296) | |||
| Comparatives for movement in funds | |||||
| Unrestricted funds | Net movement At At 1.6.22 in funds 31.5.23 £ £ £ |
||||
| General fund | 43,954 15,802 |
59,756 | |||
| Restricted funds | |||||
| Restricted funds | 43,660 (35,160) |
8,500 | |||
| TOTAL FUNDS | 87,614 (19,358) |
68,256 |
continued...
Page 12
Nurturing Foundations
Notes to the Financial Statements - continued for the Year Ended 31 May 2024
10. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Restricted funds TOTAL FUNDS |
Incoming resources £ 46,447 58,961 105,408 |
Resources Movement expended in funds £ £ (30,645) 15,802 (94,121) (35,160) (124,766) (19,358) |
|---|---|---|
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 May 2024 or the year ended 31 May 2023.
12. RESTRICTED FUNDS
The Manchester Youth Zone - To support the project for the First 1,000 days of a child, funding our summer, Easter and Christmas holidays activities and supporting the Radequal project to help towards the prevention of prejudice and division.
Manchester City Council - To support our project to help others with mental health and the impact of COVID and to fund the Social Saturdays Project.
Manchester Active - To fund the project to provide free bicycles and help young people stay active.
UK Youth FundTo support core staffing costs and resources to help provide an informal, safe and non-therapeutic space for activities that suits young people
Lloyds Bank Foundation - To support our project to help others with mental health and the impact of COVID and to fund the Young Parents Hangout Project..
NHS MLCO - Community Development Worker and Healthy Hearts project with Manchester Local Care Organisation MLCO
Making Education a Priority - Youth Led Community Safety Project (Young Manchester)
13. MOVEMENT IN FUNDS
| Income | Resources | |||
|---|---|---|---|---|
| Brought forward | resourced | expended | Carried forward | |
| Lloyds Bank Foundation | 5,000 | 5000 | ||
| The Manchester Youth Zone | 3,500 | 32,083 | 35,584 | |
| Manchester City Council | 41,524 | 28,450 | 11,866 | |
| HS MLCO | 37,857 | 37,857 | ||
| Together fund | 800 | 800 | ||
| Young Manchester | 300 | 300 | ||
| Co-op foundation | 1,250 | 1,250 | ||
| The Big Life | 3,000 | 3,000 | ||
| Making Education a Priority | 6,536 | 6,536 | ||
| Cultural foodbank | 3,000 | 3,000 | ||
| 8,500 | 126,351 | 122,984 | 11,866 |
continued...
Page 13
Nurturing Foundations
Notes to the Financial Statements - continued for the Year Ended 31 May 2024
14. DESIGNATED FUNDS
The Charity has designated funds from the unrestricted reserves for the following two purposes;
Cultural Heritage project - £10,000 After school clubs - £15,000
Page 14