OLDHAM INSPIRING YOUTH
31[st ] July 2024
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Contents
| REPORT OF THE TRUSTEES | 3 - 6 |
|---|---|
| INDEPENDENT EXAMINERS REPORT | 7 |
| 12 MONTH PERIOD ENDED 31ST JULY 2024 | 8 |
| BALANCE SHEET | 9 |
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Reference and Administration Details
Registered Charity Number: 1190867 Principal Address: 31 Lakeside Rise Higher Blackley Greater Manchester M9 8QF
Trustees:
The following have been trustees for the whole of the reported period and to the date of approval of this report:
Margaret Mongan Chair Mohammed Dilwar Hussain Treasurer Nazma Begum Secretary Harmony Steward Trustee (appointed 27/09/2024) Constance Grayson Trustee (appointed 27/09/2024)
Bankers: Barclays
Independent examiner:
Third Sector Support Solutions Ltd, 87 Windmill Avenue, Grimethorpe, Barnsley, S72 7AH
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Chairman’s Report
I would like to place on record my thanks to all the trustees for their hard work and dedication over the last year. In particular, I would like to welcome our newest trustees, Harmony Steward and Constance Grayson, who joined us in September 2024 and have already contributed significantly to our mission. Their expertise and enthusiasm will be invaluable as we continue to grow and serve our community.
Despite ongoing challenges, Oldham Inspiring Youth has remained steadfast in delivering projects and programmes that directly benefit the community, particularly those affected by financial hardship and social isolation. The cost-of-living crisis continues to place strain on many families, but through our initiatives, we have provided vital opportunities for young people and families to come together, engage in meaningful activities, and build a sense of belonging.
Over the past year, we have secured funding that has allowed us to expand our offerings. The introduction of family-friendly sports sessions and girls-only activities ensures inclusivity and supports young people in developing both physically and mentally. Additionally, our commitment to sustainability has led to the purchase of an E-Cargo Bike, allowing us to deliver our community fridge project in a more environmentally friendly manner.
Our volunteers remain the backbone of our charity, and we were delighted to receive funding to recognize and reward their hard work. A dedicated effort to retain and expand our volunteer base has helped strengthen our ability to support Oldham’s young people.
Looking ahead, we remain committed to helping our community thrive. With the continued passion and dedication of our trustees and volunteers, I am confident that Oldham Inspiring Youth will build upon its success and further extend its reach across Oldham.
Treasurers Report
This fiscal year, Oldham Inspiring Youth has continued to operate within its means, ensuring that every grant and donation is used effectively to support our community. Below is an overview of the grants received and how they have been utilised:
Grant Funders 2023/24
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Action Together (£500, August 2023) – Funding used to retain and reward our volunteers through a day out and branded t-shirts.
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Peter Harrison Foundation (£5,000, November 2023) – Enabled us to diversify our activities, offering both indoor and outdoor multi-sports sessions.
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National Lottery (£10,000, November 2023) – Supported weekly family-friendly sports sessions and multiple workshops.
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TfGM (£10,289.95, January 2024) – Used to purchase an E-Cargo Bike to enhance ecofriendly community project delivery.
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Action Together (£1,000, March 2024) – Initiated weekly girls-only activities, supporting young girls both physically and mentally.
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HubHub Foundation (£1,000, April 2024) – Add-on funding for our existing community fridge project.
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Sports England (£10,000, May 2024) – Provided resources for community cycling, multi-sports activities, and educational workshops.
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Sported Foundation (£1,000, June 2024) – Expanded our weekly football sessions and allowed us to purchase essential equipment.
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Action Together (£375, June 2024) – Funding allocated to growing our volunteer base and hosting engagement events.
Oldham Inspiring Youth remains committed to financial stability, operating solely on the funds we receive through grants, sponsorships, and donations. This approach ensures that we continue to deliver impactful projects while maintaining long-term sustainability. As we move forward, we will persist in seeking funding opportunities to further support our community and expand our reach.
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Oldham Inspiring Youth Report of The Trustees 31[st ] July 2024
The trustees are pleased to present the report on activities and projects of Oldham Inspiring Youth for the period to 31[st ] July 2024.
OBJECTIVES AND ACTIVITIES
Oldham Inspiring Youth is an unincorporated association, the aims and objectives are outlined in the association’s constitution. The Objects of Oldham Inspiring Youth are the deliver sport and physical activity sessions within Oldham.
GENERAL REVIEW
Oldham Inspiring Youth deliver Physical wellbeing programmes in communities across Oldham. These programmes are delivered to all genders, ages and ethnicities working in partnership with key organisations to identify those in need and get them the support they need.
RESULTS OF ACTIVITIES
The financial results of our activities are enclosed in the attached statement. Thanks to generous grant providers, Oldham Inspiring Youth continues to deliver multi-sports and activity programmes, positively impacting over 12,000 children and young people in schools and communities. Our initiatives engage children from diverse nationalities and faith backgrounds, fostering inclusion and accessibility. To keep young people active and engaged, we’ve introduced innovative sessions such as indoor Laser Tag, Nerf battles, and Skateboarding clubs. Meanwhile, our community fridge, funded by Hubbub Foundation, provides essential food and hygiene products to an average of 14 individuals daily, with strong local business support sustaining the project.
We remain committed to financial accountability, ensuring every grant is fully utilized for community benefit. Income and expenditure remain balanced, as we only spend what we raise or receive through grants. Every pound in our account directly supports our projects, strengthening our impact and sustainability.
RESERVES POLICY
In order to make judgement of the amount of reserves Trustees have considered the risks in respect of expenditure, unrestricted income, and where appropriate restricted income and where funds can only be realised by the disposal of a fixed asset. Also taken into consideration are any external identified potential major risks to income and expenditure during the year under consideration.
Oldham Inspiring Youth is currently dependant on funding to sustain its activities, as earned income alone would not allow it to continue operating. This means that if there were to be a gap in funding it is likely that Oldham Inspiring Youth would have to close down. To avoid closure if funding difficulties were to happen, the board of trustees has agreed to keep a certain level of financial reserves to ensure that main operations can continue for a period of twelve months.
The level of reserves are calculated and monitored every six months by the board of trustees.
Margaret Mongan, Chair On behalf of the board of trustees
Date: 27/05/2025
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Oldham Inspiring Youth Independent Examiners report on the Accounts for the year ending 31[st] July 2024
The Charity trustees are responsible for the preparation of the accounts in accordance with the Charities Act 2011 (“the Act”)
The charity’s trustees consider that an audit is not required for this period under section 144 of the Act and that an independent examination is needed.
It is our responsibility to:
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Examine the accounts under section 145 of the Charities Act
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To follow the applicable directions given by the Charity Commission (under section 145(5)(b) of the act and
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To state whether particular matters have come to our attention.
Our examination was carried out in accordance with the general direction given by the Charities 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 our examination, no material matters have come to our attention which gives us cause to believe that in, any material respect:
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The accounting records were not kept in accordance with section 130 of the Charities Act, or
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The accounts did not accord with the accounting records, or
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The accounts did 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 the independent examination.
We 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.
Signed:…………………………..
Date: 27 May 2025
Third Sector Support Solutions Ltd
87 Windmill Avenue Grimethorpe Barnsley South Yorkshire S72 7AH
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for the period ended 31st July 2024
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| INCOME | |||
| Fees | - | - | - |
| Fundraising | - | - | - |
| Grants | 37,185 | 30,485 | 21,027 |
| Other | - | - | 545 |
| TOTAL INCOME | £37,185 | £30,485 | £21,572 |
| EXPENSES | |||
| Equipment | - | 880 | 9,772 |
| Fundraising expenses | - | 1,000 | - |
| Governance costs | 1,512 | 510 | 1,650 |
| Sanitary cleaning equipment | - | - | 282 |
| Postage, printing, and stationery | - | 211 | 322 |
| Subcontractor expenses | 18,491 | 20,575 | 8,074 |
| Volunteer expenses | 1,078 | 1,069 | 560 |
| Venue Hire | 8,505 | 1,500 | 2,658 |
| ____ | |||
| Total Expenses | £29,586 | £25,745 | £23,318 |
| NET INCOME | £7,599 | £4,740 | -£ (1,745) |
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BALANCE SHEET for the period ended 31st July 2024
| Assets | Assets | ||||
|---|---|---|---|---|---|
| Category | Assets (£) | ||||
| Equipment | 5,065.84 | ||||
| Oldham Inspiring Youth | 8023.62 | ||||
| Total Assets: | £13,089.46 | ||||
| Liabilities | |||||
| Category | Liabilities (£) | ||||
| Total Liabilities: | £0.00 | ||||
| Assets - Liabilities: | £13,089.46 | ||||
| Capital | |||||
| Category | Capital (£) | ||||
| Capital | 13,089.46 | ||||
| Total Capital: | £13,089.46 |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024.
The trustees acknowledge their responsibilities for
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a. Ensuring that the charity keeps accounting records that comply with the charities act 2011
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b. Preparing financial statements which give a true and fair view of the state of affairs of the charity as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Charities Act 2011 and Charities SORP FRS102 (issued October 2019).
The financial statements were approved by the Board of Trustees on 27 May 2025 and were signed on its behalf by:
Margaret Mongan, Chair On behalf of the board of trustees
Date: 27 May 2025
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