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2021-03-31-accounts

Company registered number 12467282 Registered charity number 1191495

Step up Mcr

Financial Statements

for the period ended 31st March 2021

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Step up Mcr

Report of the Board of Directors for the period ended 31st March 2021

Reference and Administrative Information

Charity name Step up Mcr Charity Registration Number 1191495 Company Registration Number 12467282 Registered Office C/O ONE MANCHESTER Lovell House 6 Archway Hulme Greater Manchester M15 5RN

Trustees

Nicole Hope Paul Kelly Gary Loftus Angela Martin Appointed 20 Jan 21 Anton Schultz Treasurer Dr Paula Louise Turner Appointed 11 Jan 21 James Scott Vandeventer Peter Heywood Resigned 6 May 21

Secretary, appointed 24 Feb 21

Independent Examiner

Paul Cowham FCA Green Fish Resource Centre 46-50 Oldham Street Manchester M1 4LE

Bankers

CAF Bank 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ

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Step up Mcr Report of the Trustees For the period ended 31 March 2021

The trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the unaudited financial statements of the charity for the period ended 31[st] March 2021.

Charitable Objects

  1. The Charity’s Objects are to promote for the benefit of the public and of the community of, and in particular but not limited to, the Area of Benefit, including:

  2. the promotion for the benefit of the public of urban regeneration in areas of social and economic deprivation (and in particular in the Area of Benefit and surrounding areas) by all or any of the following means;

    • i. the relief of financial hardship;

    • ii. the relief of unemployment;

    • iii. the advancement of education, training or retraining, particularly of unemployed people, and providing unemployed people with work experience;

    • iv. the provision of financial assistance, technical assistance or business advice or consultancy or other charitable help in order to provide training and employment opportunities for unemployed people in cases of financial or other charitable need through help:- (i) to enable people to set up their own business or (ii) to existing businesses;

    • v. the creation of training and employment opportunities by the provision of workplace, building and / or land for use on favourable terms;

    • vi. the maintenance, improvement or provision of public amenities;

    • vii. the provision of recreational facilities for the public at large or those who by reason of their youth, age, infirmity or disablement, poverty or social and economic circumstances, have need of such facilities;

    • viii. the provision of office and meeting space for non-profit making organisations and individuals; and

    • ix. such other means as may from time to time be determined subject to the prior written consent of the Charity Commission for England and Wales.

  3. the development of capacity and skills of members of socially and economically disadvantaged communities within the Area of Benefit and surrounding areas in such a way that they are better able to identify, and help meet, their needs and to participate more fully in society; and

  4. the promotion of social inclusion by preventing people from becoming socially excluded, relieving the needs of those who are social excluded and assisting them to integrate into society (and for the purpose of this clause 'socially excluded' means being excluded from society, or part of society, as a result of being a member of a socially and economically deprived community)

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Step up Mcr Report of the Board of Directors for the period ended 31 March 2021

Activities

Step Up MCR is the place based giving charity for Manchester, focussing on Ancoats & Beswick and Clayton & Openshaw in our pilot phase. We bring people together from within the community to make the most of our combined resources, energy, and skills for the benefit of local people.

Our aim is to create more resilient communities and address local inequalities by boosting community activity, raising aspirations and increasing health and wellbeing. We do this by brokering support between community projects and those wanting to give back and creating spaces for people to discuss and gain support for community-led projects.

In promoting local giving, we recognise that anybody can give back to the community- whether its time, money, resources, skills, knowledge or space. This might be a resident with a great idea to boost health and wellbeing in their neighbourhood, or a local business looking to make an impact on their own doorstep. All our activity aims to build community potential and pride.

Step Up MCR has invested in the unlimited potential of people in our neighbourhoods by supporting the growth of community-led initiatives in the last financial year. We have catalysed projects through consultancy support, and match-funding community fundraising drives. The Beacon Centre Crowdfunder campaign we hosted supported a new community health and wellbeing hub in Clayton with a Centre Manager role.

Promoting local activities through our marketing and communications has included printing and distributing a community newspaper to households across Ancoats & Beswick and Clayton & Openshaw. Each newspaper is posted to 11,000 households, providing a reach of over 30,000 people to grow the community. The newspaper enables Step Up MCR to galvanise residents and businesses to give back to the community so that new and existing local projects and organisations can flourish. We intend to grow this as a community resource going forwards.

Step Up MCR has developed mechanisms to support local decision-making and volunteering pathways. We have grown an independent Advisory Panel of 18 members who live and work in our project areas and supported 8 Project Champions from local partners and businesses to volunteer their time mentoring community projects and connecting them into Step Up’s wider offer of support.

This year we have also maintained a focus on arts-led community engagement which has connected communities. We developed a cycle-powered vehicle for community connecting and held an engagement event with commissioned artists at a local community centre. We have received funding to develop further arts-based approaches in the next financial year.

The Trustees have had due regard to the Charity Commission’s guidance on Public Benefit at all relevant times.

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Step up Mcr Report of the Board of Directors for the period ended 31 March 2021

Grant making

Step Up MCR’s policy on grant making allows the charity to support charitable and noncharitable organisations as well as individuals to grow community-led projects.

Staff and volunteers

As an organisation operating with a small delivery model, Step Up MCR recognises the role of volunteers as key to delivering our charitable objectives. Volunteers contribute to core decisionmaking functions, offer project support and brokerage, and support at community events. In turn, Step Up MCR is able to support volunteers with training, connections, and regular guidance.

Achievements and Performance

2020-2021 was primarily focussed on development of the charity, as well as initial support for a range of local projects.

During the year Step Up MCR transitioned from being a hosted project with a local social housing association, to an independent organisation.

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Step up Mcr Report of the Board of Directors for the period ended 31 March 2021

Financial Review

Step Up MCR established our own bank account part way through the financial year.

We are grateful to our partners for the support to help Step Up MCR establish. We ended the year with a healthy bank balance, primarily consisting of restricted funds to support delivery and community projects as well as funding to support us with core costs into the coming year.

We would like to thank the following organisations for their financial and in-kind support without which Step Up MCR would not have been able to be established.

Reserves Policy

Our reserves policy is to maintain three months of operating costs in order to provide a cash-flow buffer so we can remain solvent when faced with unknown costs.

We recognise that we are a growing organisation and that our necessary reserves are likely to increase each year. Our levels of reserves will be reviewed quarterly by the board, and regularly assessed based on an up-to-date risk register.

Governance and structure

Governance

The organisation is a registered charity (no. 1191495) and a company limited by guarantee (no. 12467282). Its governing document is the Memorandum and articles of association

Board of Trustees

An overall majority decision must be made by the sitting Board of Trustees in the appointment of new Board members.

Risk management

The Trustees have reviewed the major risks to which the charity is exposed, and put in place procedures to manage those risks.

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Report of the Board of Directors for the period ended 31 March 2021

Statement of Board of Directors responsibilities

The Board of Directors is responsible for preparing the Report of the Board of Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the Board of Directors to prepare financial statements for each financial year. Under that law the Board of Directors has elected to prepare the financial statements in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) (United Kingdom Generally Accepted Accounting Practice applicable to Smaller Entities). Under company law the Board of Directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and the income and expenditure of the charitable company for that period. In preparing these financial statements the Board of Directors is required to:

The Board of Directors is responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company’s transactions and disclose at any time the financial position of the charitable company and to enable it to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

Members of the Board of Directors, who are directors for the purposes of company law, and trustees for the purposes of charity law, who served during the period and up to the date of this report are set out on page 1.

This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (issued in March 2005) and in accordance with the provisions applicable to companies subject to the small companies’ regime of the Companies Act 2006.

11 / 17 / 2021

Approved by the Board of Directors on ………………. and signed on its behalf by:

Anton Schultz (trustee and treasurer)

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Independent Examiner's Report to the Trustees of Step up Mcr

I report to the charity trustees on my examination of the accounts of the Company for the period ended 31 March 2021.

Responsibilities and basis of report

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner’s statement

I have completed my examination.

I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

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.

Paul Cowham FCA DChA Green Fish Resource Centre 46 – 50 Oldham Street Manchester M4 1LE

11 / 17 / 2021

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Step Up Mcr

Statement of Financial Activities (including Income and Expenditure account) for the period ended 31 March 2021

Unrestricted
funds
Note
£
Income
Donations and legacies
3
964
Grants and charitable contracts
4
11,000
-
-
Investments
5
-
Total income
11,964
Expenditure
Charitable activities
6
-
Total expenditure
-
8
11,964
Transfer between funds
-
Net movement in funds for the year
11,964
Reconciliation of funds
Total funds brought forward
-
Total funds carried forward
11,964
Fees and other income
Net income/(expenditure) for the
year		 Restricted
funds
£
3,992
67,000
-
-
70,992
697
697
70,295
-
70,295
-
70,295		 Total funds
2021
£
4,956
78,000
-
-
82,956
697
697
82,259
-
82,259
-
82,259

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

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Step Up Mcr Company number 12467282

Balance sheet as at 31 March 2021

Note 2021
£ £
Fixed assets
Tangible assets - -
Total fixed assets -
Current assets
Debtors - -
Cash at bank and in hand 82,759
Total current assets 82,759
Liabilities
Creditors: amounts falling
due in less than one year 13 (500)
Net current assets 82,259
Total assets less current liabilities 82,259
Creditors: amounts falling
due after more than one year 14 -
Net assets 82,259
Funds of the charity
Restricted income funds 14 70,295
Unrestricted income funds 15 11,964
Total charity funds 82,259

For the year in question, the company was entitled to exemption from an audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These accounts are prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small companies and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the company.

The notes on pages 10 to 16 form part of these accounts.

11 / 17 / 2021

Approved by the trustees on ….......................... and signed on their behalf by:

Signed

Name

Anton Schultz

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Step Up Mcr

Notes to the accounts for the period ended 31 March 2021

1 Accounting policies

The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

a Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The charity has applied Update Bulletin 1 as published on 2 February 2016 and does not include a cash flow statement on the grounds that it is applying FRS 102 section 1A.

Step Up Mcr meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

b Reconciliation with previous Generally Accepted Accounting Practice

In preparing the accounts, the trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 the restatement of comparative items was required. No such restatement was required.

c Preparation of the accounts on a going concern basis

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

There are no key judgments which the trustees have made which have a significant effect on the accounts.

The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next reporting period.

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Notes to the accounts for the period ended 31 March 2021 (continued)

d Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Income received in advance of a provision of a specified service is deferred until the criteria for income recognition are met.

e Donated services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised; refer to the trustees’ annual report for more information about their contribution.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

f Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.

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Notes to the accounts for the period ended 31 March 2021 (continued)

g Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of charity.

Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose.

Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work or for specific projects being undertaken by the charity.

h Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

i Operating leases

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

j Tangible fixed assets

The charity does not currenly own any fixed assets.

m Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

n Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

o Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

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Notes to the accounts for the period ended 31 March 2021 (continued)

O Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

P Pensions

The charity does not currently operate a pension scheme.

2 Legal status of the charity

The charity is a company limited by guarantee registered in England and Wales and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The registered office address is disclosed on page 1.

3 Income from donations and legacies

Donations
Donations, Beacon Centres Appeal
Total		 Unrestricted
£
964
-		 Restricted
£
-
3,992		 Total 2021
£
964
3,992
964 3,992 4,956

4 Income from charitable activities

One Manchester SLA
Total
One Manchester LCO
One Manchester
Community
One Manchester,
Manchester Active		 Unrestricted
£
-
-
11,000
-		 Restricted
£
20,000
27,000
-
20,000		 Total 2021
£
20,000
27,000
11,000
20,000
11,000 67,000 78,000

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Notes to the accounts for the period ended 31 March 2021 (continued)

5 Investment income

Investment income
Income from bank
deposits		 Unrestricted
£		 Restricted
£
-		 2021
£
-
- - -

All of the charity's investment income arises from money held in interest bearing deposit accounts. All investment income is unrestricted.

6 Analysis of expenditure on charitable activities

General running/operational costs
Other governance costs
Restricted expenditure
Unrestricted expenditure
Net income/(expenditure) for the year
This is stated after charging/(crediting):
Depreciation
Independent examiner's remuneration
- accountancy
- independent examination
Independent
examination		 Total 2021
£
197
500
697
2021
£
697
-
697
2021
£
-
250
250

8 Net income/(expenditure) for the year

9 Staff costs

The charity does not currently have any staff.

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Notes to the accounts for the period ended 31 March 2021 (continued)

10 Trustee remuneration and expenses, and related party transactions

Neither the trustees nor any persons connected with them received any remuneration or reimbursed expenses during the year (2020: Nil).

Aggregate donations from related parties were £nil (2020: £nil).

There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.

No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity, including guarantees, during the year (2020: nil).

11 Government grants

No government grants are recognised in the accounts.

12 Corporation tax

The charity is exempt from tax on income and gains falling within Chapter 3 of Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.

13 Creditors: amounts falling due within one year

Trade creditors and accruals 2021
£
500
500

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Notes to the accounts for the period ended 31 March 2021 (continued)

14 Analysis of movements in restricted funds

Beacon Centre Appeal
Manchester Local Care
Organisation – c/o One Manchester
One Manchester Community Grant
Manchester Active – c/o One
Manchester		 Balance at
1 April
2020
£
-
-
-
-		 Income
£
3,992
20,000
27,000
20,000		 Expenditure
£
-
-
(697)		 Transfers
£
-
-
-		 Balance at
31 March
2021
£
3,992
20,000
27,000
19,303
- 70,992 (697) - 70,295

The balances on restricted funds are all unexpended grants for the charity's projects. Transfers from restricted funds occur when capital items are purchased and this satisfies the restriction on the funding.

Manchester Active and Manchester Local Care Organisations provided grant funding to One Manchester while they were hosting the Step Up Project. Following the establishment of Step Up as an independent charity these funds were subsequently transferred to Step Up Manchester with consent, and restricted in accordance with the original funding terms and conditions.

15 Analysis of movement in unrestricted funds

Balance at
1 April
2020
Income
£
£
-
11,964
-
11,964
General fund
The free reserves of the charity
General fund		 Balance at
1 April
2020
£
-
Income
£
11,964		 Expenditure
£
-		 Transfers
£
-		 As at 31
March 2021
£
11,964
- 11,964 - - 11,964

16 Analysis of net assets between funds

Analysis of net assets between funds
Tangible fixed assets
Net current assets/(liabilities)
Total		 General
fund
£
-
11,964		 Designated
funds
£
-
-		 Restricted
funds
£
-
70,295		 Total
£
-
82,259
11,964 - 70,295 82,259

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