Charity Commission number.. 1196593 YES MANCHESTER CIO TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
Yes Manchester CIO Contents Page Trustee5 Annual Rew)rt Independent Examinerfs Reporl Slaternent of Financial Activities Balance Sh881 Statement of Cash Flows Notes to the Financial Stslements 7-15
Yes Manchester CIO Trustees, Report For the Year Ended 31 Mareh 2025 The trustees present their rewrt and ffinancial statements for the year ended 31 March 2025. The Charitable Incorporated Organisatson was nStItuted 16 November 2021 and is registered with the Charity Commission under charity number 1196593.11 was fom)ed lo take on all the activities, obligations, assets and liabilities of Your Employment Service CIC (company registration number 08467469). The financial stslemenls have been prepared in accordance with the accounts'ng policies sel out in note 1 to the financial statements and compty the CIO'S goveming document. the Charities Act 2011 and "Accounu'ng and Reporting by Charities.. Ststement of Recommended Practs'ce applicable to charits'es preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 {effective 1 January 20191.. Objectives and activities Yes Manchester CIO helps North Manchester residents lo access employment, volunteering and learning opportunities, improve their digital skills, and achieve financial independence by providing supportive, whole-person infomialion. advice. and guidance for unemployed and under- employed individuals in North Manchester. The charity's purpose and vision is to"creale work ready communities by empowering people lo overcome poverty and exclusion through employment, training and digital skills" The charity's mission is to '$upport individua15 to build ¢onfiden¢e. develop skills. raise aspirations and remove barriers lo accessing new or better work. training or volunteering opportunities across Greater Manchester. Inspiring people to be the best they can be- Their values are lo be always positive, community focused and person cenlered. The ¢harilable obje¢l$ are the lief of unemployment arKI the relief of povety. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the CIO should undertake and regulady review our adherence to operating within the framework of our charitsble articles. Achlevements and perforniancfr Yes Manchester CIO has delNered signrficanl impact to communities of North & Gater Manchester over this financial year despite challenging and continued financial headwinds both internally and in the external funding market. In the year 2024125, we engaged with 742 new customers. delivery support through appointments, digital sessions and dropins with significant fooffall across our core cenlers and outreach locations.. We supported 293 people into meaningful employment and training opportunities through the delivery of core seNices. A 25QA inuease in impact compared lo 2023124 Of those stsrting work, >80Va sustained their emFtynent at 26 weeks.. Yes CIO have continued to develop existing employer partnerships through relationships with employers including Procure Plus, Manchesler City Council and DWP, alongside establishing new routes into employment, bringing more opportunities lo communities across the charity's footprint in North Manchester. The demand for Yes's Services continued to remain high over the course of 24125 with a wailing list in operation of around 2-4 weeks. A testament lo the quality of seNice and impact we make to support those who need our help the most in our communities. Pay2 1
Yes Manchester CIO Trustees, Report For the Year Ended 31 Mareh 2025 Financial review During the year, the total incoming resources were £358,913 as compared to £387.518 in the previous year. Totsl resources expended in the year were £351.449 as compared to £391,974 in the previous year. The surplus for the year was £7.464 as compared to a deficil of £4,456 in the prior year. The charity's financial policies requires that it should have sufFicienl reserves to provide for 3 months activity plus any statutory redundancy liabilty- The Iruslees considers that reserves al this level will ensure that, in the event of 8 significant drop in funding, they will be able to continue the CIO'S current aclivitses while consideration is given lo ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. The Iruslees have assessed the major risks to which the CIO is exposed. and are satisfied that systems are in place to miligale exwsure lo these risks. structure, governance and management Governlng Document The CIO is governed by its constitution adopted 16 November 2021. Governlng Body The Iwslees who served during the year and up to the dale of signature of the financial statements were.. Daniel Matthews Lisa Fish Rebecca Ord Kirsly Evans Dan1 Holden Samuel Curti$ (Appointed 24 January 20241 (Appointed 24 January 20241 Trnstees are appointed in accordance with the charivs constitution. Professi)nal adwsers and other appointments are appointed at the Annual General Meeting or by the Board of Tru$tees. All Iruslees are required lo complete an on-line course inlr(xJueing the ststutory responsibilitses of the role on appointment and are professionals and l or have an interest in the CIO. The Iruslees are able to use other trustees or third party advisors if needed. The Board of trustees meet a number of limes throughout Ihe year including the AGM meeting. The day to clay running of the charity is the responsibility of Ihe managemenl team. The Iruslees. report was approved by the Board of Trustees. Daniel Matthews Chair of Trustees Dated.. 28 January 2026 Pagp 2
Yes Manchostor CIO Independent Examiner's Report For The Year Ended 31 March 2025 I report on the accounts of the company for the year ended 31 March 2025, which have are sel out on pages 410 15. Respectlve responslbilities of trustees and examlner The charity's trustees are resp)nsible for the preparation of the accounls in accordance with the requirements of the Charities Act 2011. l am qualified lo undertake the examination by being a member of the A$SlatIOn of Chartered Certified Accountants. It is my responsibility lo carry out an independent examination of the accounts in accordance with section 145 of the Charities Ael 2011 and the Charity Commission's Directions. 8asls of Indepèndent examinèr's report My examination was carried out in accordance wth the general Directions given by the Charity Commission under section 14515llbl of the Charities Act 2011 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 unusu81 items or dis¢lo$ures in the accounts and seeking explanations from the Iruslees conceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts give a "true and fair view." Independent examlnerfs statement In connection with my examination, no matter has come lo my attention.. 111 which gives me reasonable cause to believe that. in any material respect, the requirements of the Charities Act 2011 lo keep proper accounting records- and lo prepare 8ceounls which a¢¢ord with the a¢¢ounting re¢ord$ and comply wth the a¢¢ounting requirements of the Act have not been met.. or 121 to which, in my opinion, attenlK)n should be drawn in order to enable a proper understanding of the accounts lo be reached. JA4 oA4S JM Hitton-Jones Hilton Jones Ltd Hollinwood Business Centre Albert Street Oldham OL8 3QL 28 January 2026 Page3
Yes Manchester CIO Statement of Flnanclal Actlvltles (including Income and Expendlture Account) For The Year Ended 31 March 2025 Unre5trict•d Restricted Fund5 Fund$ 2025 2024 Notss INCOME FROM Don8lions and legacie5 Charitable activits'es Other incorne 10 20.500 31,828 10 327,075 31,828 306,575 387,518 TOTAL INCOME 52.338 306.575 358,913 387,518 EXPENDITURE ON Charitable aclivits'es 42.960 308,489 351,449 391,974 TOTAL EXPENDITURE 42.960 308,489 351,449 391,974 NET INCOMEIIEXPENDITUREI 9,378 11,9141 7,464 14,4561 NET MOVEMENT IN FUNDS 9,378 11.9141 7,464 14,4561 RECONCILIATION OF FUNDS Tol81 funds broughl forward 15 107,090 1,914 109,004 113,460 TOTAL FUNDS CARRIED FORWARD 15 116,468 116,468 109,004 The statement of financial activilies includes all gains and losses recognised in the year. All income and expenditure derive from continuing actiVi.es. Th8 notes on pages 7 to 15 forni part of these accounts. Page 4
Yes Manchester CIO Balance Sheet As At 31 March 2025 Unrestrictod Funds Restricted Funds 2025 2024 Notes FIXED ASSETS Intangible Assets Tangible Ass915 14.808 4,009 14.808 4,009 17,098 7,582 11 18.817 18.817 24,680 CURRENT ASSETS Debtors Cash at bank and in hand 12 10.850 84,916 10,850 188,067 21,799 155,662 103,151 103.151 95.766 198,917 177,461 Cr•dltor$'. Amounts lalllng dut wlthln one y8ar 13 5,500 95.766 101,266 93,137 NET CURRENT ASSETSIILIABILMESI 97.651 97,651 84,324 TOTAL ASSETS LESS CURRENT LIABILITIES 116,468 116,468 109,004 NET ASSETSIILIABILMES) 116.468 116.468 109,004 THE FUNOS OF THE CHARITY Fieslricled income lund5 Unrastrict8d incomg fund$ 1S 15 1,914 107,090 116,468 116,468 TOTAL CHARrrY FUNDS 116.468 116.468 109,004 For the period in question the company was entiljed to the exemption conferred by secb'on 477 of the Companies Act 2006, and ihat no notice has been deposited under section 476 in relation to its accounts for the financial year. The directors acknowledge their responsibilib'es for cornptying wlh the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance wlh the provisions applicable to companies subject to the small companies, regirne. trustees on 28 January 2026 Daniel Mathews- Chair The notes on pages 7 10 15 fom part ofthese accounts. Page 5
Yes Manchester CIO Statement of Cash Flows For The Year Ended 31 March 2025 RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES 2025 2024 Nel movement in lunds Add back depcIa'0n Oecreasellincreasel in debtors Increaselldecreasel in Creditors 7,464 5,863 10,949 8,129 14,4561 5,863 23,179 12,9291 NET CASH USED IN OPERATING ACTMnES 32,405 21,657 CASH FLOVIS FROM INVESTMENT ACTNinES: Purchase of fixed assets 19501 NET CASH PROVIOED BY INVESTING ACTMTIES 19501 INCREASEIIDECREASEI IN CASH AND CASH EQUIVALENTS DURING THE YEAR 32,405 20,707 CASH AND CASH EQUIVALENTS BROUGHT FORWARD 155,662 134,955 CASH AND CASH EQUIVALENTS CARRIED FORWARD 188,067 155,662 Page 6
Ye5 Manchester CIO Notes to the Financlal Statements For The Year Ended 31 March 2025 1 Accountlng Pollcles 1.1 Basls of pr•paratlon and ass•ssmènt of golng eonc•m The accoijnts (financial staiemenisl have been prepared under the hislorical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in acry)rdance with the Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021. effective 1 st January 2019, antl the Financial Reporting Slandard applicable In the United Kingdtwn anLI Republic of Irèland IFRS The charity conslitutes a public benefit enknty as defined by FRS 102. The trustees consider that there are no material uncertainb.es about the tharitys ability lo continue as a going concem. 1.2 Funds $tTU¢turn Restricted funds are funds whith are to be used in ac¢ordanc8 wilh 8pè¢ific $tCtIonS imposed by the donor or trust deed. The are O restn"c¢ed lunds. Unrestricted income fvnds comprise those funds which the Iruslees are I8 to use for any purpose In furtherance ol Ihe Charilable objects. Unres¢rict&d funds indtjde designated funds where the Irusle8s. al their discretion, have created a fund for a specific purpose. Furthgr details o18a¢h lund are ¢Jisdosed in note 15. 1.3 Income rocognltlon All income is re¢ogni5etl once the ¢h8rity has enlillemenl lo the income. it is probable that the income will be received and the amount ol Income receivable Can be measured 118bty. Donations are recognised when the charity has been notified in wrib'ng of both the amount and settlement dale. In the event that a dOnatn is subject to ¢ondilion5 that require a level of performance before the charity is enliyed lo the lunlls, the income is deferreil and not COgnISj until either those conditions are fully met, or the lullilment ol those conditions is wholly within the control of the charity and 11 is probable that Ihose conditions will be fulfilled in the porting penod. Inleresl on funds held on deposit is in¢lude<l when receivable and Ihg amtxjnl can be measured reliably by thè charity,. this is normally upon nobfication ol the interg$t paid or payablè by thè bank. Divid8nds aro recognised once the dividend has been dedared and notification has been received of the dividend due. 1.4 EXndItur¢ R¢wnltlon Liabilities are recognised as èxpènditure as soon as there is a legal or constnjctive obligation committing the charty to ihat expendiiure. it is pr(thbl8 that seillèment will bè raquir8d and tha amounl ol the obligation can be measured reliably. All expenditure is accounted for on an ac¢ruals basis. All expenses including support costs and govemancg costs are allo¢ated or apportioned lo the applJ¢able expenditure hgadings. For more inforniation on this attribution refer to nole 1.6. Page 7
Yes Manchester CIO Notes to the Financlal Statements For The Year Ended 31 March 2025 1.5 Irrecoverable VAT Irrecoverable VAT is charged against the expenditure heading for which it was incurrèd. 1.6 Allocatlon of $upport and gov¢rn•n¢• ¢osts Support ¢osts have bggn allo¢ated ttwesn governance Costs and other support ¢osts. Govgrnan¢e ¢osts comprise all costs involviny the publi¢ a¢¢ountability of the charity and its complian¢e with regulabon and good practice. These costs indude costs related to independent examination and legal fees together with an apportionment of overhead and support costs. Governance costs and support costs relating lo charitable acb"vities have been apptsrtioneij b8sed on type of expgnse. The allo¢ab"on ol support and 9oveman¢e costs is analysed in note 7. 1.7 Cost¥ of ral$lng lund$ The costs of raisino funds consists of activits'es. marketing and DBS costs. 1.8 Charltabl• A¢tldtl Costs of charitsble a¢livilles Include governance costs and an apportlonmenl ol support costs as shown in note 6. 1.9 Tanglbl¢ flx•d a•s•ts and deprt¢latlon All a55ets costing Tnore Ihan £500 are capitalised and valued at historical cost. Depreciab'on is charged on the fdlowing basis.. Fixtures and fith'ngs Computers FA3 1.10 Reallsed galns and loss 33.33% on cost 25% on cost 25% on cost All galns and losses arg takon to the Slatement of Financial A¢tivib"gs as they arise. Realised gains and losses on investments are calculated as the difference bee&n sales proceads and their opening carying value or their purchase value il acquired subsequent the first day of the financial year. Unrealised gains and losses are calculaled as ihe difference beeen Ihe fair value at the year end and their varying value. Realised and unrealised investment gains and losses are combined in the Statement 1.11 Penslons The charity does nol have any employees and. therefore. does not have a pension scheme. 1.12 Debtors Trade and other debtor5 are Tecognised at the setllemenl amount due after any trade discount offered. Prtrpayments are valued at tho 8mount prep8id nel of any trade discounts due. Paje 8
Yes Manchester CIO Notes to the Financlal Statements For The Year Ended 31 March 2025 1.13 Credltors and provlsk>ns Creditors and provisions are recognised where the charity has a present obligation resulting from a past 8vent that wll probably result in the transfer of lunds to a third party and the amount due to 58ttle the obligation ¢an be measured or esb"mated reliably. Creditors and provisions are normally rg¢ognistsd 81 their settlement amount after allowing lor any trade discounts due. 2 R•lat•d party tran$a¢tl¢n$ and trnsttts. ¢xpèn$•$ and r•mun•r*lon The trustees all give freely their time and expertise without any fomi of remuneration or other benefit in cash or kind 12023.. £nill. Expen5e5 paid to the trustees in the year lotalled £nil12023.. £nill. 3 D¢n•tlon$ and L•ga¢l•$ Unr•5tr1ct•d 2025 R•strlct•d Total Funds Total Funds 2025 2025 2024 Donations 10 10 10 10 Previous rgPOrtin9 period Unr•81Ct•d 2024 R••trlct•d Total Funds 2024 2024 Donations 4 Incom• from Charltab actbvltb•s Unrnstrld•d R•strt¢t•d Total Funds Total Funds 2025 2025 2025 2024 Places for People Manchester City Council- Work Club Manchester City Council-Housing. Work & Skill: Manchestar City Coun¢il-Cost of living WEA One Manchester Revision National Lottery Community Fund Other Grant 10,IX)O 8,860 55.(K)O 15.(K)O 8,632 10,719 72,(X)O 126,364 10,000 8,860 55.000 15,000 8,632 1Q,719 72,000 126,364 20.500 327,075 20,500 20,500 387,518 387,518 306,575 Previous reporting period Unrt$kn¢t¢d 2024 Restri Total Funds 2024 2024 Other Grant 387.518 387,518 387,518 387,518 Page 9
Yes Manchester CIO Not•s to thè Financial Stat•m•nts For Thè Year Ended 31 March 2025 S Nat Incam• 2025 2024 Nel income is stated after charging.. Déprèciation- ownèd assèts Accountancy 5,863 5,500 5.863 5,500 6 Expendlture Servlces 2025 2024 Exp¢ndltur• on ¢harltabl• actlvltl•s Employment costs Staff welfare Staff training Premises expensgs Insurance Computgr running cosls Travelling expenses Printing, postage and ststionery Catering Telephone North Man¢hèsler Business Nelwork Depreciation Governance costs supportsts 273,923 273,923 121 3,504 7,516 4,424 35,426 518 618 172 3,035 328,734 839 3,995 3,839 22.662 505 296 120 3,018 30 5.863 13,356 8,716 391,974 7,516 4.424 35,426 518 618 172 3.035 5,863 14,585 1.867 351,449 5,863 14,585 1,867 351,449 2025 2024 Reslricled funds Unrgslricled funds 306.489 42,960 351,449 30 391,944 391,974 Page 10
Yes Manchester CIO Not•s to thè Financial Stat•m•nts For Thè Year Ended 31 March 2025 7 All¢)catlon of gov•rnane• and support costs The brèakdown of support c(tsts and how thèse were alloc2ted betweèn govemancè and other support costs is shown below. General Support Basis of apportionment 2025 Accountancy Legal and professional Sundry èxpenses type of expense type of expense type of expense 5,500 9,085 5,500 9,085 1.867 16,452 1.867 1,867 14,585 Previous reporting period Gener41 Support Ba818 of apportlonment Gtsv•rn•n 2024 Accountancy Legal and professional Sundry expenses Irrecoverable VAT type of expense type of expense type of expen$e type of expense 5,500 7,856 5,500 7,8S6 2,829 5,887 22,072 2.829 5.887 8.716 13,356 8 Analysls of staff costs 2025 2024 Wages and s81aries 273,923 273.923 328,734 328,734 Charitabl8 activ8$ 273,923 273,923 328,734 328,734 2025 2024 Average number of employees Number of employee5 with benefits in excess of £60,000 2025 2024 Total employment benefils. including employer pension ntribull0S of the key management personnel The charity considers its key management personnel comprises the Irustees. Page11
Yes Manchester CIO Notes to the Financlal Statements For The Year Ended 31 March 2025 9 Independent Examlner Fees 2025 2024 Ind8pendent eX8min8tion fees 5,500 5,500 5,500 5,500 10 Intanglbl• Flx•d Ass•ts Softwaro Totsl Cost Al 1 April 2024 Al 31 March 2025 Dopr¢¢latlan At 1 April 2024 Charge for Year Al 31 March 2025 Net 8ook Vllue Al 31 March 2025 At 1 April 2024 22,898 22,898 5,800 2,290 5,800 2,290 11 Tanglblo Flxod As8•ts Flxtur•$ and flttlngs Computers Total C¢$t At 1 April 2024 Al 31 March 2025 11,914 11,914 4,679 4.679 16,593 16,593 D•pre¢latl¢n At 1 April 2024 Charge for Year Al 31 March 2025 7,699 2,978 10,677 1,312 595 9,011 3,573 12,584 1,907 N8t Book Valu• At 31 March 2025 1,237 2,772 4,009 At 1 April 2024 4.215 3,367 7,582 Page 12
Yes Manchester CIO Notes to the Financlal Statements For The Year Ended 31 March 2025 12 Debtors 2025 2024 Trade debtors 10,850 10,850 21,799 21,799 2025 2024 Restricted Unrestricted 10,850 21,799 21,799 10,850 13 Credltors: amounts falllng duo wlthln ono y•ar 2025 2024 Trade creditors Other laxalion and soclal securlty Other creditors Accrua15 Deferred income 7,802 4,661 41,636 5,500 41,667 101,266 11,2471 1.657 45,560 5,500 41,667 93,137 2025 2024 Reslricled Unrestricted 95,766 5,500 101,266 93,137 93,137 14 Deferred Income 2025 2024 Deferred income comprises renial income and grants invoiced and received in advance. Balance as at 01 April 2024 Amounl released to income eamed from charitable aclivities Amount deferred in year Balance as al 31 March 2025 41,667 141,6671 41,667 41,667 41.667 141,8671 41,667 41,667 Page 13
Yes Manchester CIO Not•s to thè Financial Stat•m•nts For Thè Year Ended 31 March 2025 15 Analysls af eharltabl• funds Anaty$l$ Of movements In unre$trl¢ttd fvnd$ Asat 1 April 2024 Asat 31 March 2025 Incoming Resources R•sourc•s Expèndéd Transfers General lund 107,0 107.0 52,338 52,338 42,960 142,9601 116,468 116,468 Previous reporting period Asat 1 Aprll 2023 Asat 31 March 2024 InrnIng Resource$ RQur¢0¥ Expfyndod Tran$fgrs General fund 111.516 111,516 387,518 387,518 391,944 1391.9441 107,090 107,090 General fund The unreslricled funds ol the charity 15 Analys1$ Of movements In r•strfcted fund$ Asat 1 Aprll 2024 Asat 31 March 2025 In¢omlng R•$ouTc•$ R•sourc•s Expond•d Transf•rs Places for People Manchester City Council- Work Clu Manchester City Coun¢il-Hou5ing. Manchester City Coun¢il-Cost of liv WEA One Manchester Revision National Lottery Community Fund 1.914 10.000 8,860 55,000 15,000 8,632 10.719 72,000 126,364 111,9141 18,8601 155,(K)01 115,(K)01 18,6321 110,7191 172,(K)01 1126.3641 1.914 ,575 {308.4891 Previous reporting period Asat 1 April 2023 Asat 31 March 2024 Incoming Resources Resources Expènded Transf•rs Place$ for Peoplg 1301 1.914 1301 1,914 Page 14
Yes Manchester CIO Not•s to thè Financial Stat•m•nts For Thè Year Ended 31 March 2025 16 Analysls af nèt assèts b8tw••n funds Unrestricted Restrictsd 2025 Intangible fixed assets Tangible fixed assets Cash al bank and in hand Other net current assetsllliabilibesl Total 14.808 4,IX19 103.151 5.500 116,468 14.808 4,009 188,067 90.416 116,468 84,916 84,916 Previous reporting period Unr•itrf¢t•d R•stri¢t•d 2024 Intangible fixed assets Tangible fixed assets Cash al b8nk and in hand Oth8r nét current ass8tsllliabilitiesl Total 17.098 7.582 153,748 71,338 107,09) 17.098 7,582 155,662 71,338 109,004 1,914 1,914 17 Golng Con¢•rn The charity's main source of Income Is grant funding and invostmgnl Income. The trust88s conslder, having re9ard to reserves Ihat il is appropriate to prepare Ihg aUnts on a going ¢on¢em basi$ and. consequenuy. the acc(wJnts do not indude any adjustments that wouhl be necessary if the funding incorne should cease. 18 Post Balance Sheèt Events The Trustees do not consider Ihal there have been any events since the balance shefrl dalg that significantly impact on the financial statèmants. 19 Flnanelal Instrumènts The charity only has financial assets and financial liabilities of a kind that qualify a5 basic financial Page 15