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2024-03-31-accounts

Company number: 01348975 Charity Number: 507162

The Gaddum Centre

Report and financial statements For the year ended 31 March 2024

The Gaddum Centre

Reference and administrative information

for the year ended 31 March 2024

Company number 01348975

Charity number 507162

Registered office and operational address St Wilfrid’s Enterprise Centre Royce Road Hulme Manchester M15 5BJ

Trustees Trustees, who are also directors under company law, who served during the year and up to the date of this report were as follows:

Elaine Mills Chair Jonathan Miller Vice Chair (resigned 5 March 2024) Ady Bibby Jonathan Brewer John McKernaghan Kabir Patel (resigned 5 March 2024) Beth Plant Sarah Thompson Ian Williamson Robert Cookson (appointed 11 September 2024) Jacqueline Nickson (appointed 11 September 2024) Zoe Robertson (appointed 11 September 2024) Key management Lynne Stafford Chief Executive (to October 2023) personnel Ben Whalley Chief Executive (from March 2024) Head of Operations (to February 2024) Lauren Edwards Head of Operations Emma Jackson Head of Finance Jo Campbell Head of Development (to June 2024) Bankers Lloyds Bank 42-46 Market Street, Manchester, M1 1PW Auditors Slade & Cooper Limited Beehive Mill, Jersey Street, Ancoats, Manchester, M4 6JG

1

The Gaddum Centre

Trustees’ annual report

for the year ended 31 March 2024

The trustees (who are also Directors of the Charity for the purposes of the Companies Act) present their annual report and the audited financial statements of The Gaddum Centre (the Charity) for the year ended 31 March 2024. Included within the trustees’ report is the directors’ report as required by company law.

Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102.

Summary

In the year ending March 2024, Gaddum experienced a year of change and renewal.

Quarter 4 officially marked the end of Gaddum’s “5-year Business Plan” which was launched in 2019. It is important to note that this business plan’s lifespan saw Brexit, COVID, Cost of Living, governmental and geopolitical issues result in Gaddum’s 2024 Business Plan exit into an unrecognisable landscape from 2019.

Other key changes within Gaddum for the period was seen in its Chief Executive Officer leaving on 6th October 2023, and the Board of Trustees taking forward a recruitment process which saw national, regional and local advertisements across multiple communications routes. This process saw applications from a diverse range of skilled candidates, interviews in December 2023, and the appointment of a new CEO who commenced in post towards the end of the financial year 23-24.

Ben Whalley, who assumed the CEO position on a full-time basis from 1st March 2024, was an internal candidate, having served as Head of Department from 2018 and Deputy CEO from 2022. At the time of his appointment, he was on secondment into the Greater Manchester NHS as a Regional VCSE Mental Health Systems Integration Lead within their Mental Health Unit – working alongside the NHS and VCSE sectors on over £40million of commissioning into VCSE organisations for Greater Manchester’s 2.8 million population.

Following Ben Whalley’s appointment as CEO, Gaddum was also selected by NHS Greater Manchester and the VCSE sector to host his successor, and the organisation went out to recruit shortly thereafter.

As a result, 2023-24 was an appropriate final year for the business plan’s retirement. From 1st March 2024, the organisation will move into intensive planning on Gaddum’s next steps as a Charity, existing for the benefit of its many diverse individuals, community and partner beneficiaries.

Of significant challenge in 2023 was the loss of one of our largest contracts, commissioned by Manchester City Council, providing Statutory Advocacy for its citizens. Having been the provider of this service since 2015, the service went out to competitive tender and, based on a set scoring criteria, a larger (national) provider was appointed to take the service into its next iteration from 1st October 2023.

This contract loss saw Gaddum taking immediate action internally to ensure that the ensuing loss of funding did not cause longer term financial harms to the charity and get to a point of stability moving forward.

Other than the attrition of the Manchester Advocacy Team, the workforce remained relatively stable, but Gaddum experienced the same recruitment challenges as the rest of the VCSE sector.

In terms of place and space – Gaddum remains registered at St Wilfrid’s Enterprise Centre as its administrative head office but continued to lease two units from the Ethical Property Company at Green Fish Resource Centre, in the heart of Manchester’s Northern Quarter. This continued to be Gaddum’s

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The Gaddum Centre

Trustees’ annual report

for the year ended 31 March 2024

site for its workforce to attend, use space; collaborating within teams, hosting meetings and running day-to-day back-office functions.

Objectives and activities

Objectives throughout the period were aligned to the Business Plan’s key standards of Stability, Development Quality and Engagement, which were cascaded as appropriate across the organisation’s workforce and through which activity was planned.

Through quarterly board meetings (and two subcommittees) the Senior Leadership Team reported to the board against these, being held to account for performance and agreeing and defining shared definitions of success.

In terms of activity, and throughout the period, Gaddum continued to excel as a trusted provider of services, offering essential services across the areas we operate. Our funding continued to come from a diverse range of funding sources, and Gaddum either met or exceeded all grant, contract and independently funded service requirements.

Strategically, Gaddum continued to establish new links into health and social care systems, furthering the views of its beneficiaries and encouraging statutory systems into coproduced, community asset based approaches as opposed to those focussed on deficits and weakness.

PUBLIC BENEFIT

The Trustees have complied with their duty to have due regard to the public benefit guidance published by the Charity Commission. The Charities Act 2011 identifies 13 descriptions of charitable purpose and in our view the work of the Charity meets the following:

Activities undertaken to further charitable objectives for public benefit are described below. All services are provided free of charge to beneficiaries.

The trustees review the aims, objectives, and activities of the charity each year. This report looks at what the charity has achieved and the outcomes of its work in the reporting period. The trustees report the success of each key activity and the benefits the charity has brought to those groups of people it is set up to help. The review also helps the trustees ensure the charity's aims, objectives and activities remained focused on its stated purposes.

The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning its future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives that have been set.

All Trustees support Gaddum as volunteers on Gaddum Trustee Board. Gaddum continues to offer placements to social work students, counselling students and return to practice counsellors. The Placement Lead acts a qualified practice educator lead with assistance from designated staff who are similarly qualified. The contribution of volunteers is stated in service reports to Trustee Board and reflected as social value offers in budgets, for tenders and bids for funding.

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The Gaddum Centre

Trustees’ annual report

for the year ended 31 March 2024

Achievements and performance

As summarised above, the organisation approached it’s 2024 Business Plan end, the Board of Trustees were actively recruiting a new Chief Executive Officer who would, reporting to the board, take the organisation into its next era. This was successful, and Ben Whalley assumed the position from 1st March 2024.

Despite the loss of the Manchester Advocacy Contract, Gaddum was appointed as one of only two Culturally Appropriate Advocacy Providers, commissioned directly by the Department for Health & Social Care. This is following the significant success in the previous iteration of funding from the Pilots where Gaddum directly influenced national strategy and the government’s review of the Mental Health Act.

Gaddum was also reappointed following a competitive tender process as the key delivery partner for Carers Manchester, providing a first point of contact to carers in the City of Manchester and to support the wider pathway and network development for carers.

Seeing continued growth in 2023-24, Gaddum’s Engagement Team were formally awarded a contract to support the system with Coproduction in mental health commissioning and delivery across Greater Manchester. Beginning on 1st August 2023, the contract mobilised rapidly, with skilled practitioners in place quickly. As a result of a strong mobilisation plan, and effective stakeholder engagement, the Engagement Team surpassed expectations and were awarded an additional year’s extension as the year came to a close.

Carers

As the commissioned service provider for Manchester and Salford in 23/24 Gaddum were the service provider for 40% of carers living in Greater Manchester enabling access to Carers Assessments, emergency fund payments, welfare benefits advice, wellbeing support and respite activities. In 23/24 our Salford Carers Service provided 545 adult carer support and 674 young carer support sessions. Our Manchester Carers Contact point received over 5000 calls from carers accessing support through our helpline.

“I didn’t really want to reach out and let people know how much I was struggling. But when I did, the help was unbelievable. I’m 100% so glad I got in contact when I did.”

Therapy Services

Over 23/24 Gaddum has provided therapeutic services to children, young people and adults across Manchester, Salford, Stockport and Heywood, Middleton and Rochdale. Our delivery model is community-based, meeting individuals where they are at in GP practices, schools and community venues. In addition, we ensure inclusivity in our services through our online and telephone offer. In 23/24 405 people completed therapy with Gaddum.

“He seems a lot calmer, he is talking more. Over the last few weeks, whilst he’s been having therapy, it seems like a weight has been lifted off his shoulders – he doesn’t get as frustrated or angry”

Culturally Appropriate Advocacy

The Culturally Appropriate Advocacy Pilot began project mobilisation in October 2023 and by January 2024 began to provide advocacy within hospital wards. The programme worked in partnership to codesign the service offer, with 23 people with lived experience, as well as local mental health trusts and

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The Gaddum Centre

Trustees’ annual report

for the year ended 31 March 2024

community providers. In the period January – March 24 the service successfully supported 22 individuals with over 180 contacts.

“The new accommodation I am in is nice and I’m not suffering racism”

Social Work Programme

Collectively, throughout the 23/24 academic year, 30 students placed with us at Gaddum have been working towards completing their first and final practice placements, working for 2,220 days. Based on a working week of 35 hours, working for 42 weeks per year (210 days), our social work students have contributed the equivalent hours of just over 10.5 full time members of staff.

Therefore, based on the current front-line salary of £23,933 the financial Return of Investment for this academic year is £252,995.

‘I believe I have learnt a lot of skills and knowledge to help support individuals effectively - I learn skills as little as having patience and allowing an individual to have their voice heard, and letting them share as much, or as little as they want and listening carefully to what they want to say, whilst helping them explore the options of rights without any pressure.’

Financial review

As a Real Living Wage employer, the significant increase in the Real Living Wage rates in the 23-24 financial year saw a sliding scale of pay increases of up to 9%, with Senior Leadership receiving no pay award and the lowest members of the organisation receiving the highest % increase of 9%. This was issued due to the on-going cost of living crisis and the recognition of our workforce, despite not receiving the same levels of increases from our funders. This resulted in an increase in staffing costs in the financial year of £40k (£95k annually).

There was also significant spend of £60k in the engagement with an external consultant to support with the marketing strategy of the organisation .

In a move from the previous financial year, there was an improvement in the external economic climate at year end and as such there was a market value investment gain at year end of £103k which aided the financial position of the organisation.

Reserves policy

Gaddum's board of trustees and senior leadership team are committed to ensure sufficient reserves are maintained to guarantee the organisation can continue to meet the needs of the service users within the appropriate time scales in line with its charitable objectives and all staffing obligations, whilst protecting its investments.

In the event of the loss of substantial core funding, service delivery staff would be eligible for TUPE arrangement to the new provider with no redundancy costs liable for Gaddum. However, three months organisational operating costs of £171k will be retained in reserves as a minimum to cover core costs.

Following the sale of its head office premises in September 2021, there are significant reserves being held as the organisation continues to lease space whilst seeking opportunities to reinvest monies into a new head office location. It is expected that a material amount of the £2.721m unrestricted reserves will be re-invested in a property that meets the needs of, not only staff members, but the services we currently deliver and communities we serve. The property will be aligned to our charitable vision, supporting individuals and communities we exist to serve to achieve equitable health, wealth and self, and will be fit for Gaddum’s needs far into the future.

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The Gaddum Centre

Trustees’ annual report

for the year ended 31 March 2024

The Finance Subgroup & Trustee Board have agreed in the constantly changing environment, in which the organisation operates, that following the procurement of a new premises, the organisation will then hold sufficient reserves to develop new services so it can continue to serve the community in accordance with its objectives.

Plans for the future

Gaddum’s Senior Leadership Team have been working closely with the board to take time to reflect on Gaddum’s purpose, vision and mission. In doing this there has been extensive consultation with Gaddum’s beneficiaries, board, workforce and external stakeholders across commissioning authorities, partners and communities. This has been a significant strengthening of our resolve as a charity, and we move in the next year to define our long term strategic plan, which is aligned to our purpose.

This has led to a vibrant coproduction programme which has provided the organisation with much needed challenges in relation to how Gaddum fundamentally approaches lived experience involvement, plans services with individuals, and has transformed our relationship with the communities we exist to serve.

In the year 2024-25, Gaddum looks ahead as we develop our Values, Vision and Mission. The organisation does this to ensure there is absolute alignment internally, but also to communicate effectively to external stakeholders – commissioners, beneficiaries and the wider community – who we are and what we stand for as a Charity.

Structure, governance and management

The recruitment of new members for Gaddum Trustee Board follows a similar process to Gaddum’s wider recruitment processes under its HR policies and procedures. There is a wide advertising campaign using a variety of social media and traditional platforms including Gaddum website, LinkedIn, VCSE infrastructure networks, GM VCSE leadership networks, professional networks of Trustee Board members and Senior Management Teams. The use of VCSE networks ensures Trustee Board vacancies are disseminated into communities. We include the following statement: -

‘We are seeking people from diverse backgrounds and communities to be more reflective of our service users and the wider Greater Manchester population. These are voluntary positions, and we are looking for people with experience and knowledge at a strategic or senior level. Key attributes will be leadership, accountability, integrity, and commitment.’

Potential new members for Trustee Board are interviewed by Chair, Deputy Chair, Chief Executive, and other Trustees as appropriate or applicable. Potential new Trustees are asked to attend a Trustee Board meeting as an observer before a final decision to appoint is made by all members of Trustee Board. New Trustees are expected to undertake “Role of Trustee” training delivered by Salford CVS after appointment and as an update as required. A bespoke programme of Trustee Board development is ongoing, delivered by an external consultant; Trustees are expected to attend.

The Board meets quarterly in the evening, with subgroups on specific strategic organisational areas:

Finance subgroup – quarterly Building subgroup – ad hoc Remuneration committee – annually as part of finance subgroup Business Development subgroup – quarterly

The Chief Executive and Senior Management Team have day to day strategic and operational responsibility for running Gaddum. Reports and papers outlining key organisational decisions are

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The Gaddum Centre

Trustees’ annual report

for the year ended 31 March 2024

presented at Trustee Board meetings for sign off by Trustees. A number of Trustees have specialist expertise, and their advice is sought when required.

The Senior Management Team in 2023-24 comprised of: - Lynne Stafford – Chief Executive (resigned 6th October 2023) Ben Whalley – Chief Executive (appointed 1st March 2024) Lauren Edwards – Head of Operations Emma Jackson – Head of Finance Jo Campbell – Head of Development (resigned 22nd June 2024)

The organisation is a charitable company limited by guarantee and registered as a charity.

The company was established under a memorandum of association which established the objects and powers of the charitable company and is governed under its articles of association.

Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The Trustees are members of the charity, but this entitles them only to voting rights. The Trustees have no beneficial interest in the charity.

All Trustees give their time voluntarily and receive no benefits from the charity. Any expenses reclaimed from the charity are set out in note 11 to the accounts.

Related parties and relationships with other organisations

All members of Trustee Board and Senior Management Team are requested to declare Related parties and relationships with other organisations on appointment and at appropriate intervals.

Remuneration policy for key management personnel

The remuneration of Chief Executive & Senior Management Team is considered separately by the Trustee Board.

Risk management

A Gaddum Strategic Risk Register has been developed and is presented, reviewed, and revised at Quality and Governance Subgroup and Trustee Board meetings..

Fundraising

Gaddum does not undertake direct fundraising, but receives donations and funds raised by individuals and groups.

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The Gaddum Centre

Trustees’ annual report

for the year ended 31 March 2024

Statement of responsibilities of the trustees

The trustees (who are also directors of The Gaddum Centre for the purposes of company law) are responsible for preparing the trustees’ annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them 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 for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

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The Gaddum Centre

Trustees’ annual report

for the year ended 31 March 2024

Auditors

Slade & Cooper Ltd were appointed as the charitable company's auditors during the year and have expressed their willingness to continue in that capacity.

This report has been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime of the Companies Act 2006.

The trustees’ annual report has been approved by the trustees on 20/11/2024 and signed on their behalf by

Elaine Mills

Chair

9

Independent auditors’ report

to the members of

The Gaddum Centre

Opinion

We have audited the financial statements of The Gaddum Centre (the ‘charitable company’) for the year ended 31 March 2024, which comprise the Statement of Financial Activities (including the income and expenditure account), the Balance Sheet, the Statement of Cash Flows and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the trustees’ annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

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Independent Auditor’s Report (continued)

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement set out on page 8, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

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Independent Auditor’s Report (continued)

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud is detailed below:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

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Independent Auditor’s Report (continued)

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Christy Yun Hing Lau FCCA CTA DChA Senior Statutory Auditor

for and on behalf of

Slade & Cooper Limited Statutory Auditors Beehive Mill Jersey Street Manchester M4 6JG 24[th] December 2024

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The Gaddum Centre Statement of Financial Activities (including Income and Expenditure account) for the year ended 31 March 2024 Unrestricted funds Restricted funds Total funds 2024 Total funds 2023 Note Income from: Donations and legacies 29,363 281,215 310,578 206,076 Charitable activities: 1,787,239 378,630 2,165,869 2,571,352 Investments 47,504 47,504 27,975 Total income 1,864,106 659,845 2,523,951 2,805,403 Expenditure on: Raising funds 11,156 11,156 11,166 Charitable activities: 2,048,217 724,583 2,772,800 3,210,022 Total expenditure 2,059,373 724,583 2,783,956 3,221,188 Net income/(expenditure) before net gains/(losses) on investments (195,267) (64,738) (260,005) {415,785) Net gains/(losses) on investments 102,355 102,355 (87,830) Net income/(expenditure) for the year (92,912) (64,738) { 157,650) (503,615) Transfer between funds 10,912 (10,912) Net movement in funds for the year (82,000) (75,650) (157,650) (503,615) Reconciliation of funds Total funds brought forward 2,702,282 281,523 2,983,805 3,487,420 Total funds carried forward 2,620,282 205,873 2,826,155 2,983,805 The statement of fi nancial activities includes all gains a nd losses recognised in the year. All income and expenditure derive from continuing activities. A full comparative SOFA is available at the end of the accounts. 14

The Gaddum Centre Company number 01348975

Balance sheet as at 31 March 2024

Note
£
£
Fixed assets
Tangible assets
14
24,114
Investments
15
1,533,686
Total fixed assets
1,557,800
Current assets
Debtors
16
119,224
Cash at bank and in hand
17
1,500,879
Total current assets
1,620,103
Liabilities
Creditors: amounts falling
due in less than one year
18
(351,748)
Net current assets
1,268,355
Total assets less current liabilities
2,826,155
Creditors: amounts falling
due after more than one year
20
-
Net assets
2,826,155
The funds of the charity:
Restricted income funds
22
205,873
Unrestricted income funds
23
2,620,282
Total charity funds
2,826,155
2024		 £
£
46,057
1,366,151
1,412,208
109,739
1,844,415
1,954,154
(371,578)
1,582,576
2,994,784
(10,979)
2,983,805
281,523
2,702,282
2,983,805
2023		 £
£
46,057
1,366,151
1,412,208
109,739
1,844,415
1,954,154
(371,578)
1,582,576
2,994,784
(10,979)
2,983,805
281,523
2,702,282
2,983,805
2023
1,412,208
1,582,576
2,994,784
(10,979)
2,983,805
281,523
2,702,282
2,983,805

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 17 to 34 form part of these accounts.

Approved by the trustees on 20/11/2024 and signed on their behalf by:

Elaine Mills (Chair)

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The Gaddum Centre Statement of Cash Flows for the year ending 31 March 2024 Note 2024 2023 Cash provided by/(used in) operating activities 26 (322,726) (301,095) Cash flows from investing activities: Dividends, interest, and rents from investments Purchase of tangible fixed assets Proceeds from sale of investments Purchase of investments 47,504 (3,134) 792,378 (857,558) 27,975 (32,007) 102,354 (387,169) Cash provided by/(used in) investing activities (20,810) (288,847) Increase/(decrease) in cash and cash equivalents in the year (343,536) (589,942) Cash and cash equivalents at the beginning of the year 1,844,415 2,434,357 Cash and cash equivalents at the end of the year 1,500,879 1,844,415 16

The Gaddum Centre Notes to the accounts for the year ended 31 March 2024 Accounting policies The principal accounting policies adopted, judgment5 and key sources of estimation uncertainty in the preparation of the fi nancial 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), second edition October 2019 (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006 and UK Generally Accepted Accounting Practice. The Gaddum Centre 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 Preparation of the accounts on a going concern basis The trustees conslder that there are no materlal uncertalntles about the charltable company's ablllty to continue as a going concern. The trustees have made no key judgments 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 Ila bllltles wlthln the next reportlng perlod. c 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. For legacies, entitlement Is taken as the earlier of the date on which elther., the charity Is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacyi in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor's intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material. Income received in advance of a provision of a specified service is deferred until the criteria for income recognition are met. 17

The Gaddum Centre Notes to the accounts for the year ended 31 March 2024 (continued) d 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 i nterest paid or payable by the Bank. e Fund accounting Unrestricted funds are available to spend on activities that further any of the purposes of charity. 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. f 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. Expenditure is classified under the fol lowing activity headings: Costs of raising funds comprise the costs of investment management fees & expenditure in relation to staff members who are directly engaged i n fund raisi ng. Expenditure on charitable activities includes the costs undertaken to further the purposes of the charity and their associated support costs. Other expenditure represents those items not fal ling i nto any other heading. Irrecoverable VAT is charged as a cost agai nst the activity for which the expenditure was incurred. g Allocatlon of support costs Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support Costs include back office costs, finance, personnel, payroll and governance costs which support the charity's programmes and activities. These costs have been allocated between the different charitable activities. The charity has calculated its allocation of the support costs based on the income from the individual projects to the total income of all work streams. h Operating leases Operating leases are leases in whlch 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. l Tangible flxed assets Individual fixed a55etS Costi ng £400 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a straight line basis as follows: Freehold bui Iding Office fixtures and equipment 20/0 200/0 to 330/0 18

The Gaddum Centre Notes to the accounts for the year ended 31 March 2024 (continued) j Fixed asset investments Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. The statement of fi nancial activities includes the net gai ns and losses arising on revaluation and disposals throughout the year. The Charity does not acquire put options, derivatives or other complex financial instruments. The main form of financial risk faced by the charity is that of volatility in equity markets and investment markets due to wider economic conditions, the attitude of investors to investment risk, and changes in sentiment concerni ng equities and within particular sectors or sub sectors. k 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. I 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, m 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. n Flnancial 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. 19

The Gaddum Centre

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

o Pensions

The cost of providing retirement pensions and related benefits is charged to the Statement of Financial Activities over the periods benefitting from the employees' services.

The disclosures in the financial statements follow the requirements of Section 28 of FRS 102 in relation to multi-employer funded schemes in which the Charity has a participating interest.

Contributions payable under an agreement with the scheme to fund past deficits are recognised as a liability in the financial statements calculated by the repayments known, discounted to the net present value at the year end using a market rate discount factor of 0.66% at 31 March 2021, 2.35% at 31 March 2022 and 5.52% at 31 March 2023. The unwinding of the discount is recognised as a finance cost in the Statement of Finance Activities in the period incurred.

The Charity also operates a money purchase pension scheme for its employees. The assets are held separately from those of the Charity. The annual contributions payable are charged to the Statement of Financial Activities. The disclosures in the financial statements follow the requirement of FRS102.

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

Current reporting period Unrestricted Restricted Total 2024
£ £ £
General Donations 28,863 281,215 310,078
Donations for Salaries 500 500
Total 29,363 281,215 310,578
Previous reporting period Unrestricted Restricted Total 2023
£ £ £
General Donations
Donations for Salaries		 2,185 138,891
65,000		 141,076
65,000
Total 2,185 203,891 206,076

20

The Gaddum Centre Notes to the accounts for the year ended 31 March 2024 (continued) Income from charitable activities Current reporting period Unrestricted Restricted Total 2024 Advocacy Services Carers Services Coproduction Therapy Service5 Central 496,538 463,493 66,667 722, 144 38,397 496,538 711,508 116,443 802,983 38,397 248,015 49,776 80,839 Total 1,787,239 378,630 2,165,869 Prevlous reportlng perlod Unrestricted Restricted Total 2023 Advocacy Services ca￿r5 Services Therapy Services Central 694,464 462, 744 757,248 85,694 694,464 1,002,029 789, 165 85,694 539,285 31,917 Total 2,000,150 571,202 2,571,352 Investment income 2024 2023 Quoted investments 47,504 27,975 47,504 27,975 All investment income is unrestricted. 21

The Gaddum Centre Notes to the accounts for the year ended 31 March 2024 (continued) Cost of raising funds 2024 2023 Investment management costs 11,156 11,166 11,156 11,166 All expenditure on cost of raising funds is unrestricted. Analysis of expenditure on charitable activities Current reporting period Restricted resources expended Direct Costs Support Costs Total 2024 Carers Services Coproduction Therapy Services 503,669 41,824 66,786 81,521 5,747 25,036 585,190 47,571 91,822 612,279 112,304 724,583 Current reporting period Unrestricted resources expended Direct Costs Support Costs Total 2024 Advocacy Services Carers Services Coproduction Therapy Services Governance Costs (see note 8) 458,453 472,126 52,968 550,498 84,621 154,464 28,125 241,322 5,640 543,074 626,590 81,093 791,820 5,640 1,534,045 514,172 2,048,217 Total resources expended 2, 146,324 626,476 2,772,800 22

The Gaddum Centre Notes to the accounts for the year ended 31 March 2024 (continued) Analysis of expenditure on charitable activities continued Previous reporting period Restricted resources expended Direct Costs Support Costs Total 2023 Carers Services Therapy Services 595,490 137,640 208,298 61,850 803, 788 199,490 733,130 270,148 1,003,278 Previous reporting period Unrestrlcted resources expended Direct Cost5 Support Costs Total 2023 Advocacy Services Carers Services Therapy Services Governance Costs (see note 8) 684, 962 479,067 548,496 164, 085 68, 680 256,016 5,438 849,047 547, 747 804, 512 5,438 1,712,525 494,219 2,206, 744 Total resources expended 2,445, 655 764,367 3,210,022 Analysls of governance and support costs Current reporting period Total 2024 Total 2023 Audit fees Accommodation Admin Fees and charges General Expense ICT Partnerships and sub-contracts Staff Costs 5,640 98,607 14,816 101,368 97,295 93,004 149,967 65,779 5,438 92,843 33, 089 103,012 106,941 78,388 270,844 73,813 626,476 764,368 Net income/lexpenditure) for the year This is stated after chargi ng/(crediting): 2024 2023 Depreciation Auditor's remuneration - audit fees Auditor's remuneration - accountancy fees 25,077 5,640 3,000 26,999 5,640 3,000 23

The Gaddum Centre Notes to the accounts for the year ended 31 March 2024 (continued) 10 Staff costs staff costs during the year were as follows.. 2024 2023 Wages and salaries Social security costs Pension costs Other Staff Costs Redundancy and termination costs 1,796,636 157,429 84,559 1,273 8,496 2,056, 138 188, 548 98,804 741 2,048,393 2,344,231 Allocated as follows: Charitable activities 2,048,393 2,344,231 2,048,393 2,344,231 One employee has employee benefits in excess of £60,000 but below £70,000 (2023: Nil). No employees with benefits in excess of £70,000 and below £80,000 (2023.. 1). No employees have benefits in excess of £80,000 and below £90,000 (2023.. 1). No employees have benefits in excess of £90,000 and below £IOO,000 (2023.. Nil) The average number of staff employed durlng the perlod was 78 {2023: 86). The key management personnel of the charity comprise the trustees and the senior management team and are listed in the Trustees, report, The total employee benefits of the key management personnel of the charity were £243,472 (2023: £237,193). 11 Trustee remuneration and expenses, and related party transactions One party connected to the management committee received remuneration during the year as detailed below. (2023.. One). The spouse of Ady Bibby (trustee) was paid £35,173 for marketing and PR consultancy during the year (2023: £41,00 1). The legal authority for this is through the governing document of the charity. No (2023.'One) member of the management committee received travel and subslstence expense5 during the year (2023:£20). Aggregate donations from related parties were £Nil (2023.. £Ni l). 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 i n any contract or transaction entered i nto by the charityi including guarantees, duri ng the year (2023: One). True North Communications Limited is a company owned by Ady Bibby (trustee). It was paid £6,516 for development of the Gaddum website during 2022123. The legal authority for this is through the governing document of the charity. 24

The Gaddum Centre Notes to the accounts for the year ended 31 March 2024 (continued) 12 Government grants The government grants recognised in the accounts were as follows.. 2024 2023 Manchester City Council 855,794 1,037,376 855,794 1,037,376 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 i n the charity. 14 Flxed assets: tanglble assets Freehold Property Computer & office equipment Total Cost At l April 2023 Additions Disposals 146,280 3,134 146,280 3,134 At 31 March 2024 149,414 149,414 Depreciation At l April 2023 Charge for the year Disposals 100,223 25,077 100,223 25,077 At 31 March 2024 125,300 125,300 Net book value At 31 March 2024 24,114 24,114 At 31 March 2023 46,057 46,057 25

The Gaddum Centre Notes to the accounts for the year ended 31 March 2024 (continued) 15 Investments 2024 2023 Market value at the start of the year Add- additions to investments at cost Disposals at carrying value Add net ga in/lloss) on revaluation 1,366,151 857,558 (792,378) 102,355 1,169,166 387,169 (102,354) (87,830) Market value at the end of the year 1,533,686 1,366,151 Investments at fair value comprised.. UK Bonds UK investments and unit trusts Global investments 144,967 221,232 1, 167,487 140,879 203,808 1,021,464 1,533,686 1,366,151 Investments are all carried at fair value and are all traded in quoted public markets. 16 Debtors 2024 2023 Trade debtors Accrued Income Prepayments Other Debtors 57,830 36,405 19,773 5,216 26,863 39,000 36,868 7, 008 119,224 109, 739 17 Cash at bank and In hand 2024 2023 Short term cash Investments Short term deposits Cash at bank and on hand 23,543 1,011,915 465,421 65,893 1, 778,522 1,500,879 1,844,415 26

The Gaddum Centre Notes to the accounts for the year ended 31 March 2024 (continued) 18 Creditors: amounts falling due within one year 2024 2023 Trade creditors Taxation and social security costs Other creditors Accruals Deferred income Pension deficit contribution 42,090 27,460 14,964 94,295 160,740 12,199 44,152 39,876 82,567 91,154 99,187 14,642 351,748 371,578 19 Deferred income 2024 2023 Deferred grant brought forward Grant received Released to income from charitable activities 99,187 618,054 {556,501) 130, 789 635,519 (667,121) Deferred grant carried forward 160,740 99,187 Income has been deferred because it has been received for the following year. 20 Credltors: amounts falling after more than one year 2024 2023 Pension scheme liability 10,979 10,979 27

The Gaddum Centre Notes to the accounts for the year ended 31 March 2024 (continued) 21 Pension Fund The company participates in the scheme, a multi-employer scheme which provides benefits to some 950 non-associated participating employer5. The scheme is a defined benefit scheme in the UK. It is not Possible for the company to obtain sufficient information to enable it to account for the scheme as a defined benefit scheme. Therefore it accounts for the scheme as a defined contribution scheme. The scheme is subject to the funding legislation outli ned in the Pensions Act 2004 which came i nto force on 30 December 2005. This, together with documents issued by the Pensions Regulator and Technical Actuarial Standards issued by the Financial Reporting Council, set out the framework for funding defined benefit occupational pension schemes in the UK. The scheme is classified as a 'last man standing arrangement" Therefore the Charity is potentially liable for other participating employers, obligations if those employers are unable to meet their share of the scheme deficit following withdrawal from the scheme. Partici pating employers are legal ly required to meet their share of the scheme deficit on an annuity purchase withdrawal from the scheme, A full actuarial valuation for the scheme was carried out at 30 September 2020. This valuation showed assets of £800.3m, liabilities of £831.9m and a deficit of £31.6m. To eliminate this funding shortfall, the Trustee has asked the participating employers to pay additional contributions to the scheme as follows: Deflclt contrlbutlons From l April 2022 to 31 January 2025: £3,312,000 per annum (payable monthly) Unless a concession has been agreed with the Trustee the term to 31 January 2025 applies. Note that the scheme's previous valuation was carried out with an effective date of 30 September 2017. This valuation showed assets of £794.9m, liabilities of £926.4m and a deficit of £131.5m. To eliminate this funding shortfall, the Trustee asked the participating employers to pay additional contributions to the scheme as follows.. Deficit contributions £11,243,000 per annum (payable monthly and increasing by 30/0 each year on 1st April) From l April 2019 to 30 September 2025: The recovery plan contri butions are al located to each participating employer in li ne with their estimated share of the Series l and Series 2 scheme l iabil ities. 28

The Gaddum Centre Notes to the accounts for the year ended 31 March 2024 (continued) 21 Pension Fund continued Where the scheme is in deficit and where the company has agreed to a deficit funding arrangement the company recognises a l iabil ity for this obligation. The amount recognised is the net present value of the deficit reduction contributions payable under the agreement that relates to the deficit. The present value is calculated using the discount rate detailed in these disclosures. The unwinding of the discount rate is recognised as a fi nance cost. Present value of provision 31 March 2024 £s 31 March 2023 £s 31 March 2022 £s Present value of rovision Reconciliatlon of opening and closing provisions Year ending 31 March 2024 (£5) Year ending 31 March 2023 (£s) Provision at start of period 25,621 40,189 Unwinding of the discount factor (interest expense) Deficit contribution paid Remeasurements - impact of any change In assumptlons Remeasurements - amendments to the contribution schedule 980 (14,642} 758 (14,642) (684) Provlsion at the end of the perlod 11,968 25,621 Income and expenditure impact Year ending 31 March 2024 (£s) Year ending 31 March 2023 (£s) Interest expense Remeasurements - impact of any change in assumptions Remeasurements - amendments to the contribution schedule Contribution5 paid i n respect of future service Costs recognised in income and expenditure account 980 758 (684) includes defined contribution scheme and future service contributions (i.e. excluding any deficit reduction payments) to defined benefit schemes which are treated as defined contribution schemes. 29

The Gaddum Centre Notes to the accounts for the year ended 31 March 2024 (continued) Pension Fund continued Assumptions 31 March 2024 31 March 2023 31 March 2022 er annum er annum er annurr Rate of discount 5.31 5.52 2.35 The discount rates shown above are the equivalent single discount rates which, when used to discount the future recovery plan contributions due, would give the same results as using a full AA corporate bond yield curve to discount the same recovery plan contri butions. 22 Analysis of movements in restricted funds Current reporting period Lsaiance ar 31 March 2024 Balance at I April 2023 Income Expenditure Transfers Activities Carers Services Coproduction Therapy Services Central Services 206,055 529,230 49,776 80,839 (585,190) (47,571) (91,822) (1,648) (2,205) (7,059) 148,447 18,679 56,789 637 56,789 Total 281,523 659,845 (724,583) (10,912) 205,873 Previous reporting perlod yaiance ar l April 2022 aiance ar 31 March 2023 Income Expenditure Transfers Activities ca￿r$ Services Therapy Services Central Services 384,061 29,071 56,789 618,685 156,408 (803, 788) (199,490) 7,097 32,690 206, 055 18,679 56, 789 Total 469,921 775, 093 (1, 003,278) 39,787 281, 523 Name of restricted fund Description, nature and purposes of the fund The fol lowing funds are material balances within restricted funds Carers Services Balance at 31 March 2024 Carers Manchester - Manchester Carers Network £117,844 Balance at 31 March 2023 Salford Carers Centre non contract salaries £158,047 Lottery Young Carers Pmjects - funds to identify and support young carers £87, 803 30

The Gaddum Centre

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

23 Analysis of movement in unrestricted funds

General fund
Previous reporting
period
General fund
Current reporting
period		 Balance at
1 April 2023
£
2,702,282
2,702,282
Balance at
1 April
2022
£
3,017,499
3,017,499
 Income
£
1,864,106
1,864,106
Income
£
2,030,310
2,030,310		 Expenditure
£
(2,059,373)
(2,059,373)
Expenditure
£
(2,217,910)
(2,217,910)		 Investment
gains/
(losses)
£
102,355
102,355
Investment
gains/
(losses)
£
(87,830)
(87,830)		 Transfers
£
10,912
10,912
Transfers
£
(39,787)
(39,787)		 As at 31
March 2024
£
2,620,282
2,620,282
As at 31
March
2023
£
2,702,282
2,702,282

Name of

unrestricted fund Description, nature and purposes of the fund

General fund The free reserves after allowing for all designated funds

31

The Gaddum Centre Notes to the accounts for the year ended 31 March 2024 (continued) 24 Analysis of net assets between funds Current reporting period General fund Restricted funds Total Tangible fixed assets Fixed asset investments Net current assets/l liabil ities) Creditors of more than one year 24,114 1,533,686 1,062,482 24,114 1,533,686 1,268,355 205,873 Total 2,620,282 205,873 2,826,155 Previous reporting period General fund Restricted funds Total Tangible fixed assets Fixed asset investments Net current assets/(liabilities) Creditors of more than one year 46,057 1,366,151 1,301,053 (10,979) 46,057 1,366,151 1, 582, 576 (10,979) 281,523 Total 2, 702,282 281,523 2, 983, 805 25 Operatlng lease commltments The charity's total future minimum lease payments under non-cancellable operating leases is as follows Equipment 2024 2023 Less than one year One to five years 440 1,209 440 1,649 1,649 2,089 26 Reconciliation of net movement in funds to net cash flow from operating activities 2024 2023 Net Income/(expenditure) for the year Adjustments for: Depreciation charge (Gains)/losses on investments Dividends, interest and rents from investments Decrease/(increase) in debtors Increase/(decrease) in creditors (157,650) (503,615) 25,077 (102,355) (47,504) (9,485) (30,809) 26,999 87,830 (27,975) 75,870 39,796 Net cash provided by/{used in) operating (322,726) (301,095} 32

The Gaddum Centre Notes to the accounts for the year ended 31 March 2024 (continued) 27 Private Charities The total balance held on behalf of independent private charities and third parties at the 31st March 2024 is £296,724 (2023.. £364,901). This balance is not included in the assets of the Gaddum Centre. The charity holds as custodians on behalf of the independent private charities an investment portfolio with Brewin Dolphin, the current value of which is £252,149 (2023.. £312,455). This is not shown as an asset of the Gaddum Centre. Investments are held as a separate entity withi n our i nvestment portfolio. This is recorded and accounted for as a separate entity within our investment schedule. A second bank account is held for trust funds. This is accounted for separately, with all inter-charity transfers clearly documented and approved by two Senior Managers. This ensures the funds of the trust funds are not being used for The Gaddum Centre activities, Investments are held by the Gaddum Centre as a custodian for the following charities: Charity Objects Robert Bell Charity For the benefit of people on low i ncome, resident in the City of Manchester. William Cavanagh Trust For people on low income living in Gorton or West Gorton only. I nis cnariry Is resrricrea to neiping women wno are Mancnester residents. Preference is given to teachers or ex-teachers who are retraining and are Manchester residents and unable to cover the whole costs themselves. Small grants in support of respectable women over the age of 60 who reside in the city of Manchester. Originally for leather worker5, but now hel ps individuals on low Income who are Manchester residents. Provides convalescence for people who have received hospital care, It can also be used to provide clothing or help someone recovering at home. Covers an area within 60 mile5 of Manchester. For people on low income, over 55 years of age who live within radius of eight mi les of Manchester Town Hall. I he money comes trom South Atrica an¢ varies trom year to year, Grants can be made to people on low income who are residents of Higher Openshaw and its surrounding areas. Fund for plumbers and associated tradesmen and their dependants who are Greater Manchester residents in need, Support5 5tudent5 aged 21 or under who are studying the arts. Helps with costs di rectly associated with their course. The purpose of the Society is to encourage children to learn life saving ski Ils. This is not a registered Charity, Darbishire House Trust Pratt Charlty John Royle Fund Satterfield Charity Shylock Charity Yates Charity Gratrix Charity Ann Butterworth and Daniel Bayley Charity Humane Society These are the charltles who have a combined portfollo wlth Brewln Dolphln For both the Ann Butterworth and Daniel Bayley Charity and the Humane Societyi decisions are made by the trustees of those charities and Gaddum receives instrurtions for payment of invoices or grants. For the other charities, Gaddum Trustees make the decisions on how the money is spent on advice from Chief Executive & Senior Leadership Team. 33

The Gaddum Centre Notes to the accounts for the year ended 31 March 2024 (continued) 28 Prior year Statement of Financial Activities (including Income and Expenditure account) Unrestricted funds Restricted funds Total funds 2023 Total funds 2022 Income from: Donations and legacies 2,185 203,891 206,076 171,975 Charitable activities.. 2,000,150 571,202 2,571,352 2,618,408 Investments 27,975 27,975 8,362 Total income 2,030,310 775,093 2,805,403 2,801,795 Expenditure on: Raising funds 11,166 11,166 7,177 Charitable activities.. 2,206,744 1,003,278 3,210,022 2,685,937 Total expendlture 2,217,910 1,003,278 3,221,188 2,693,114 Net income/(expenditure) before net gains/(losses) on investments (187,600) (228,185) (415,785) 108,681 Net gains/(losses) on investments (87,830) (87,830) 18,754 Net income/(expenditure) for the year (275,430) (228,185) (503,615) 2,357,790 Transfer between funds (39,787) 39,787 Net movement in funds for the year (315,217) (188,398) (503,615) 2,357,790 Reconciliation of funds Total funds brought forward 3,017,499 469,921 3,487,420 1,129,630 Total funds carried forward 2,702,282 281,523 2,983,805 3,487,420 The statement of fi nancial activities includes al I gains a nd losses recognised i n the yea r. All income and expenditure derive from continuing activities. 34