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2024-03-31-accounts

Company registered number 12467282 Registered charity number 1191495

Step Up MCR

Financial Statements

for the period ended 31st March 2024

Step Up MCR Report of the Board of Directors for the period ended 31st March 2024

Reference and Administrative Information

Charity name Step Up MCR Charity Registration Number 1191495 Company Registration Number 12467282 Registered Office The Resonance Centre The Old School House Clayton Street Manchester England M11 4EA

Trustees

Thomas Frederic Joseph Woodcock Chair Dave Knott Treasurer – appointed 21 October 2024 Gurjinder Singh Kang Treasurer – resigned 20 October 2024 Angela Martin Dr Paula Louise Turner James Scott Vandeventer Christopher Richard John Yasmin Amelia Clarke Anton Schultz Resigned 20 February 2024 Thomas Waring Resigned 20 February 2024

Key Management Personnel Nicole Hope

Programme manager and secretary

Independent Examiner

Paul Cowham FCA Withington Works Withington Baths 30 Burton Road Manchester, M20 3EB

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 2024

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 2024.

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 2024

Activities

Step Up MCR is a place based giving charity operating in the North Manchester wards Ancoats & Beswick and Clayton & Openshaw. Through the power of local giving, we grow community-led health and wellbeing projects making a real difference to people’s lives so that everybody feels happy, healthy and at home in our city.

Our work looks to create more resilient communities and address local inequalities by boosting community activity, raising aspirations and increasing health and wellbeing. We achieve 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.

In the year beginning April 1[st] 2023-24, we received funding from The National Lottery Community Fund’s Reaching Communities programme which enabled us to double our staff team. We recruited a new Neighbourhood Connector in September 2023 to work alongside our Programme Manager. With funding secured for the next three years, we dedicated greater resource to our community offer and engaged new audiences in our work. We held successful community engagement events for over 1,000 people, and grew our bank of locally supported projects from around 30 groups to over 80. Increasing the size of the organisation also gave us the capacity to develop our business giving models and explore participatory grant making approaches.

Since starting, our Neighbourhood Connector has grown Step Up MCR’s offer to communities by establishing a Peer Support Network of over 40 North Manchester community projects and residents. The network was launched in January 2024 and has included support sessions in Safeguarding, Emergency First Aid, Bid Writing and Mental Health Awareness. We have plans to expand this going into 2024-25, bringing in businesses to deliver sessions through social value commitments. Between January- March, sessions supported over 90 unique beneficiaries.

In the last year, we have worked to engage communities through our community newspaper delivered quarterly to 11,300 households and community venues across Ancoats & Beswick and Clayton & Openshaw, and through our arts-led approach. In July 2023, we held our Dream Big Beswick event with funding from We Love MCR and Manchester City Council. Dream Big Beswick was a colourful and jam-packed event showcasing the community spirit of Beswick. Working with our supported projects, The East Manchester Academy, Handmade Productions and other local partners, we were able to hold a full day of activities for the local community featuring music, art, spray painting, podcasting, football, laughter yoga, puppetry and more. We held the event at a local school, enabling over 500 people to make the most of the parade and activities on offer.

Another successful engagement event this year gave us an opportunity to explore participatory grant making. In December 2023 we launched our Step Forward Fund in partnership with Manchester Local Care Organisation and MCRactive. We created a funding pot of £8,000 for community health and wellbeing projects in Ancoats & Beswick and Clayton & Openshaw, inviting anyone with a good idea to pitch for £2,000 towards their health and activities. We received 18 applications and shortlisted eight groups, shifting power to local people to decide how the funding would be invested in their neighbourhoods. The event took place just before Christmas at the Hallé St. Peter’s in Ancoats with around 300 attendees. The successful pitches included a young people’s football team in Beswick, a local running club in Ancoats, a boxing and fitness class in Clayton, and a men’s mental health support group in Openshaw.

Additionally, in making grants to local health and wellbeing projects, we created a new Neighbourhood Health Fund to invest into community-led projects. The funding of £10,000 was created to support Heart Health (hypertension) and Bowel Health (bowel cancer screening) at a neighbourhood level. The funding has been launched and to break down barriers to accessing health funding, we have planned drop-ins with local health practitioners to support groups to apply, offered one-to-one support and

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gave application feedback after submissions. The funding will be awarded by a panel of local health experts and community partners.

Our business giving profile has also been a step-change for us in the last year. In October 2023, Step Up MCR salvaged hundreds of items of office furniture to support 18 North Manchester community organisations with free donations. Working alongside Go Green Managed Services (GGMS), we rescued a 40ft lorry full of furniture from landfill to benefit over 20 community organisations in North Manchester. In growing our business profile, we also held a ‘Step Up Your Social Impact Event’ in March 2024 which led to us growing our ‘Giving Back Days’, a service matching businesses to local volunteer opportunities. We plan to continue growing our ‘Giving Back Days’ into 2024-25.

Step Up MCR Report of the Board of Directors for the period ended 31 March 2024

Grant making

Community grants awarded in the year

Project Amount Description Notes
Evermore £793 Environmental school
project for Beswick.		 Project put on pause
due to ill health.
Funding not yet
distributed.
Drywave CIC £5,000 Music and wellbeing project
for young people in
recovery from drugs and
alcohol in Clayton.		 £5,000 was committed
in Crowdfunder match
funding, however the
project did not reach its
target and could not go
ahead. The funding was
returned to our grants
budget.
Newleaf
Foundation		 £3,280 Weekly healthy hot meals
and community lounge in
Beswick.
The Halle £2,500 Singing for wellbeing
workshops Ancoats &
Beswick and Clayton &
Openshaw.
Ancoats Run Club £2,000 Training accreditation for
weekly run club leaders.
Beswick CFC £2,000 Equipment and training
costs for Beswick football
team.
The Beacon
Centre/ The Yard
Boxing		 £2,000 Equipment and storage
costs for The Yard boxing
and fitness classes at The
Beacon Centre.
Directions for
Men		 £2,000 Men’s mental health support
sessions in Openshaw.

4

The Inspirational
Women		 £1,000 Women’s support group in
Beswick.
FungALL CIC £2,000 Mushroom farming initiative
to be based at BUG Garden
in Beswick.
Salvation Army £1,000 Fitness sessions for older
people in Openshaw.
Total Grants Awarded - £23,573
Amended Total Expenditure- £17,780

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

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Step Up MCR Report of the Board of Directors for the period ended 31 March 2024

Policy on social investment including programme related investment

Step Up MCR has produced a Social Investment Policy to support the establishment and maintenance of two Endowment Funds, the Step Up MCR Infinite Fund and the Step Up MCR Impact Fund. The Endowment funds will create capital sums for investment that can create a sustainable source of income for the charity’s objectives, creating a lasting legacy to support the neighbourhoods Step Up MCR operates in. The Endowment funds will look to generate investment in local communities with short and long term impact. The Policy sets out Trustee responsibilities, Investment Objectives, Investment Targets and Risk. Trustees will appoint a Fund Manager to ensure investments are made to ethical companies, including in organisations aligning with so-called ESG (environmental, social, and governance) standards of transparency.

Staff and Volunteers

Step Up MCR has two full time staff members, including a Programme Manager and Neighbourhood Connector. Our Programme Manager is responsible for leading on the delivery and developing Step Up MCR as an organisation in line with our purpose and vision, while our Neighbourhood Connector works on our Community Offer, engagement and events.

We are supported by eight Trustees, not including our Programme Manager who acts as Secretary to the Board. Our Board of Trustees gained two new Trustees in 2024, with two others stepping down. Anton Schultz left as Board Treasurer after five years of dedicated service, without which the organisation would not be what it is today. Thomas Waring stepped down as Trustee and was replaced by Thea Monk, while Gurjinder Kang filled our Treasurer position.

Our Programme Manager co-ordinates bi-monthly Advisory Panel meetings with 16 members, including local residents, partners and businesses. The panel provides a reference group that is well connected to local public agencies, business and local residents. The panel includes partners One Manchester, Manchester Local Care Organisation, MCRactive, Manchester City Council, Manchester Settlement, Mosscare St. Vincent’s, CGL, Ancoats Urban Village, The Resonance Centre, Canal & Rivers Trust, and others.

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Step Up MCR Report of the Board of Directors for the period ended 31 March 2024

Achievements and Performance

We are proud to have grown our local giving profile and engaged more residents and businesses in our work in 2023-24. We have tested new approaches and launched new programmes of work. All of our activity has boosted health and wellbeing, increased skills and knowledge, brought people in communities together, and increased local pride in Ancoats & Beswick and Clayton & Openshaw.

Our key achievements include:

Financial Review

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 and people for their financial and in-kind support to develop our organisation and grow grassroots community campaigns:

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.

The level of free reserves held by the charity as at 31 March 2024 was £21,136. This is total reserves less restricted funds, less fixed assets less designated funds.

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Step Up MCR Report of the Board of Directors for the period ended 31 March 2024

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. Members must provide a written application form, observe a Board meeting and be invited to complete a Members Details form if welcome to join the Board.

Risk management

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

Related parties

Angela Martin serves on the board as an independent Trustee and is also employed by Manchester Active (MCRactive). MCRactive have a service level agreement with Step Up MCR. Angela Martin has declared this interest with both Step Up MCR and MCRactive. Although there is no direct benefit as a volunteer trustee, to manage any conflict, Angela Martin is not involved in any decisions regarding MCRactive’s financial support for Step Up MCR.

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Step Up MCR

Report of the Board of Directors for the period ended 31 March 2023

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.

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

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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 2024.

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 Withington Works Withington Baths 30 Burton Road Manchester, M20 3EB

10

Step Up Mcr

Statement of Financial Activities (including Income and Expenditure account) for the period ended 31 March 2024

Unrestricted
funds
Note
£
Income
Donations and legacies
3
2,713
Grants and charitable contracts
4
23,218
-
-
Investments
5
207
Total income
26,138
Expenditure
Charitable activities
6
33,911
Total expenditure
33,911
9
(7,773)
Transfer between funds
-
Net movement in funds for the year
(7,773)
Reconciliation of funds
Total funds brought forward
28,909
Total funds carried forward
21,136
Fees and other income
Net income/(expenditure) for the
year		 Restricted
funds
£
5,874
98,400
-
-
104,274
79,190
79,190
25,084
-
25,084
93,565
118,649		 Total funds
2024
£
8,587
121,618
-
207
130,412
113,101
113,101
17,311
-
17,311
122,474
139,785		 Total funds
2023
£
309
60,000
-
-
60,309
124,808
124,808
(64,499)
-
(64,499)
66,843
2,344

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

11

Step Up Mcr Company number 12467282

Balance sheet as at 31 March 2024

----- Start of picture text -----
Note 2024 2023
£ £ £ £
Fixed assets
Tangible assets - - -
Total fixed assets - -
Current assets
Debtors 14 15,600 10,000
Cash at bank and in hand 129,171 115,470
Total current assets 144,771 125,470
Liabilities
Creditors: amounts falling
due in less than one year 15 (4,986) (2,996)
Net current assets 139,785 122,474
Total assets less current liabilities 139,785 122,474
Creditors: amounts falling
due after more than one year 16 - -
Net assets 139,785 122,474
Funds of the charity
Restricted income funds 16 118,649 93,565
Unrestricted income funds 17 21,136 28,909
Total charity funds 139,785 122,474
----- End of picture text -----

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 13 to 21 form part of these accounts.

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

Signed

Name

12

Step Up Mcr

Notes to the accounts for the period ended 31 March 2024

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.

13

Step Up Mcr

Notes to the accounts for the period ended 31 March 2024 (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.

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.

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Step Up Mcr

Notes to the accounts for the period ended 31 March 2024 (continued)

O 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.

p Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic

q Pensions

The charity does not currently operate a pension scheme.

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Step Up Mcr

Notes to the accounts for the period ended 31 March 2024 (continued)

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
Total
Resonance centre
Crowdfunder
Donations, Max
Tracks Campaign
Gift aid		 Unrestricted
£
1,513
-
-
-
1,200		 Restricted
£
-
4,837
1,037
-
-		 Total 2024
£
1,513
4,837
1,037
-
1,200		 Unrestricted
£
309
-
-
-
1,904		 Restricted
£
-
-
25,774
36,994
-		 Total 2023
£
309
-
25,774
36,994
1,904
2,713 5,874 8,587 309 - 309

4 Income from charitable activities

Grant income
Other income
Earned income
Total
MCC work and skills
One Manchester
MLCO
Reaching
Communities England
We Love MCR
MSV Housing Group
Active communities
Network
Great Places
Manchester Active
National Lottery
Community Fund		 Unrestricted
£
1,000
2,000
-
-
5,000
300
14,000
-
-
918		 Restricted
£
-
5,000
-
-
30,000
-
9,900
5,000
45,000
3,500
-		 Total 2024
£
1,000
5,000
2,000
-
30,000
5,000
10,200
19,000
45,000
3,500
918		 Unrestricted
£
-
-
-
10,000
10,000
5,000
-
15,000
-
-
-		 Restricted
£
-
-
-
-
20,000
-
-
-
-
-
-		 Total 2023
£
-
-
-
10,000
30,000
5,000
-
15,000
-
-
-
23,218 98,400 121,618 40,000 20,000 60,000

16

Step Up Mcr

Notes to the accounts for the period ended 31 March 2024 (continued)

5 Investment income

Investment income
Income from bank
deposits		 Unrestricted
£
207		 Restricted
£
-		 2024
£
207		 Unrestricted
£
77		 Restricted
£
-		 2023
£
-
207 - 207 77 - -

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 office costs and overheads
Staff costs
Travel and accommodation
Staff and volunteer expenses and training
Rent
Marketing and communications
Professional fees
Other project costs
Grants payable
Other governance costs
Restricted expenditure
Unrestricted expenditure
Independent
examination		 Total 2024
£
2,629
57,597
1,054
635
4,483
17,290
348
9,892
18,323
850
113,101
2024
£
79,190
33,911
113,101		 Total 2023
£
1,536
40,942
1,197
1,542
-
8,985
8,136
6,449
55,171
850
124,808
2024
£
(118,649)
243,457
124,808

17

Step Up Mcr

Notes to the accounts for the period ended 31 March 2024 (continued)

8 Grants Payable

During the year, the charity awarded 11 grants totalling £23,573 to 11 different organsations. Support costs associated with grat giving were £7,943.

9 Net income/(expenditure) for the year

This is stated after charging/(crediting): 2024 2023
£ £
Depreciation - -
Independent examiner's remuneration
- accountancy 450 450
- independent examination 400 400
- Quickbooks training and support -

10 Staff costs

Staff costs during the year were as follows:

Wages and salaries
Social security costs
Employers pension contributions		 2024
£
53,449
388
3,760		 2023
£
36,720
1,174
3,048
57,597 40,942

No employee has employee benefits in excess of £60,000 (2023: Nil).

The average number of staff employed during the period was 2 (2023: 1). The average full time equivalent number of staff employed during the period was 2 (2023: 1).

The key management personnel of the charity comprise the trustees and the Project Manager. The total employee benefits of the key management personnel of the charity were £41,035 (2023: £39,768).

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Step Up Mcr

Notes to the accounts for the period ended 31 March 2024 (continued)

11 Trustee remuneration and expenses, and related party transactions

Neither the trustees nor any persons connected with them received any remuneration. Two trustees received were reimbursed travel and accommodation expenses during the year of £303.50 (2023: Nil).

Aggregate donations from related parties were £nil (2023: £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 (2023: nil).

12 Government grants

No government grants are recognised in the accounts.

13 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.

14 Debtors

Trade and grant debtors
Prepayments and accrued income		 2024
£
14,400
1,200
15,600		 2023
£
10,000
-
10,000

15 Creditors: amounts falling due within one year

Trade creditors and accruals
Taxation and social security costs		 2024
£
1,305
3,681
4,986		 2023
£
850
2,146
2,996

19

Step Up Mcr

Notes to the accounts for the period ended 31 March 2024 (continued)

16 Analysis of movements in restricted funds

Crowdfunder
Max Trax Campaign
Resonance Campaign
Great Places
Max Trax Campaign
Total
Previous
reporting
period
National Lottery Community Fund
One Manchester Community Grant
Manchester Local Care
Organisation
We Love Mcr
Reaching Communities England
Manchester Local Care
MSV Housing
Manchester Local Care
Organisation – community grants
One Manchester Community Grant
Manchester Active – c/o One		 Balance at
1 April
2023
£
-
78,211
15,354
-
-
-
-
-		 Income
£
4,837
1,037
30,000
9,900
5,000
5,000
45,000
3,500		 Expenditure
£
-
(5,130)
(28,880)
-
-
(5,000)
(36,680)
(3,500)		 Transfers
£
-
-
-
-
-
-
-
-		 Balance at
31 March
2024
£
4,837
74,118
16,474
9,900
5,000
-
8,320
-
93,565 104,274 (79,190) - 118,649
Balance at
1 April
2022
£
-
500
54,957
10,000
3,045
3,729
10,520		 Income
£
36,994
-
25,774
20,000
-
-
-		 Expenditure
£
(36,994)
-
(2,520)
(14,646)
(3,045)
(3,729)
-		 Transfers
£
-
(500)
-
-
-
-
(10,520)		 Balance at
31 March
2023
£
-
-
78,211
15,354
-
-
-
82,751 82,768 (60,934) (11,020) 93,565

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.

20

Step Up Mcr

Notes to the accounts for the period ended 31 March 2024 (continued)

17 Analysis of movement in unrestricted funds

Balance at
1 April
2023
Income
£
£
28,909
26,138
-
-
-
-
28,909
26,138
Balance at
1 April
2022
Income
£
£
9,727
42,290
746
-
29,000
-
39,473
42,290
General fund
The free reserves of the charity
General fund
Previous
reporting
period
Beacon Centre Designated Fund
General fund
Beacon Centre Designated Fund
One Manchester Core funding for
2022-23
One Manchester Core funding for
2022-23		 Balance at
1 April
2023
£
28,909
-
-
Income
£
26,138
-
-		 Expenditure
£
(33,911)
-		 Transfers
£		 As at 31
March 2024
£
21,136
-
-
28,909 26,138 (33,911) - 21,136
Balance at
1 April
2022
£
9,727
746
29,000
Income
£
42,290
-
-		 Expenditure
£
(34,874)
-
(29,000)		 Transfers
£
11,766
(746)
-		 31 March
2023
£
28,909
-
-
39,473 42,290 (63,874) 11,020 28,909

18 Analysis of net assets between funds

Tangible fixed assets
Net current assets/(liabilities)
Total		 General
fund
£
-
46,220		 Designated
funds
£
-
-		 Restricted
funds
£
-
93,565		 Total
£
-
139,785
46,220 - 93,565 139,785

21