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|||FOR THE YEAR ENDED|FOR THE YEAR ENDED|30SEPTEMBER|30SEPTEMBER|2023|||
|---|---|---|---|---|---|---|---|---|
|||(including|income and|expenditure|account)||||
||||||||Year|Year|
||||||||Ended|Ended|
||||||||30.09.23|30.09.22|
||||Notes|Unrestricted||Restricted|Total|Total|
|||||Funds||Funds|Funds|Funds|
|||||f||||f|
|INCOME FROM:|||||||||
|Donations
8 Legacies|||(2)||4,796||4,796|5,448|
|Charitable
Income|||(3)|||94,242|94,242|127,510|
|Bank Interest|||||211||211|157|
|TOTAL|||||5,007|94,242|99,249|133,115|
|EXPENDITURE ON:|||||||||
|Charitable
Activities|||(4)|(15,422)||(98,675)|(114,097)|(104,358)|
|NET INCOMING
(OUTGOING)|||||||||
|RESOURCES FOR|THE YEAR|||(10,415)||(4,433)|(14,848)|28,757|
|TRANSFERS BETWEEN FUNDS|||||||||
|RECONCILIATION|OF FUNDS||||||||
|Total Funds Brought|Forward||||33,295|39,428|72,723|43,966|
|Total Funds Carried|Forward||(11)||22,880|34,995|57,875|72,723|
||||BALANCE S|HEET AS AT|30SEPTEMBER|2023||
|---|---|---|---|---|---|---|---|
|||||2023||2022||
||||Notes|E||||
|FIXEDASSETS||||||||
|Tangible
Fixed Assets|||(8)||880||1,018|
|CURRENT ASSETS||||||||
|Debtors|||(9)|6,730||7,936||
|Cash at Bank and|in Hand|||52,920||85,816||
|||||59,650||93,752||
|LIABILITIES:||||||||
|Amounts
falling due||||||||
|within one year|||(10)|(2,655)||(22,047)||
||||||56,995||71,705|
|NET CURRENT ASSETS|||||57,875||72,723|
|ACCUMULATED|FUNDS|||||||
|Restricted|||||34,995||39,428|
|Unrestricted|||||22,880||33,295|
||||||57,875||72,723|
|Approved
and signed||on behalf of|the Trustees|Management|Committee|||
|nciliation
of net|movemen|t|in|fu|nds to net ca|sh flow from op|erating
activities||
|---|---|---|---|---|---|---|---|---|
||||||||2023|2022f|
|Net movement
in funds|||||||(14,848)|28,757|
|Add back depreciation|||||||888|1,792|
|Deduct investment|income||||||(211)|(157)|
|Decrease/(increase)|in debtors||||||1,206|486|
|Increase/(decrease)|in creditors||||||(19,392)|(37,244)|
|Net cash used in|operating||activities||||(32,357)|(6,366)|
|Cash flows from investment|||activities:||||||
|Interest|||||||211|157|
|Purchase
of Fixed|Assets||||||(750)|(1,140)|
|Net cash provided|by investing|||activities|||(539)|(983)|
|Increase/(decrease)|in cash||and|cash equivalents||during|(32,896)|(7,349)|
|the year|||||||||
|Cash and cash equivalents||brought|||forward||85,816|93,165|
|Cash and cash equivalents|||carried forward||||52,920|85,816|
##
|NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30SEPTEMBER 2023||||
|---|---|---|---|
|1.ACCOUNTING
POLICIES||||
|(a) Basis of preparation
and assessment
ofgoing concern||||
|The accounts (financial statements)
have been prepared
under the historical|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 accordance
with the Statement||of||
|Recommended
Practice: Accbunting
and Reporting
by Charities
preparing
their accounts
in||||
|accordance
with the Financial
Reporting
Standard
applicable
in the UK and Republic of Ireland||||
|(FRS 102) issued on 1st January 2019and the Financial
Reporting
Standard|applicable
in|the United||
|Kingdom
and Republic of Ireland (FRS 102)and the Charities Act 2011.||||
|The charity constitutes
a public benefit entity as defined
by FRS 102.||||
|The trustees
consider that there are no material
uncertainties
about the charity's
ability to continue||||
|as a going concern.||||
|(b) Funds structure||||
|Restricted
funds are funds which are to be used
in accordance
with specific restrictions
imposed||||
|by the donor or trust deed. There were 7 restricted
funds at the year end.||||
|Unrestricted
income funds comprise those funds which the trustees
are free to use for any||purpose||
|in furtherance
of the chantable
objects. Unrestricted
funds
include designated|funds where|the||
|trustees
at their discretion
have created a fund for a specific purpose.||||
|Further details ofeach fund are disclosed
in note 11.||||
|(c) Income recognition||||
|All income
is recognised
once the charity has entitlement
to the income,
it is|probable
that|the||
|income
will be received
and the amount
of income receivable
can be measured
reliably.||||
|Donations
are recognised
when the charity has been notified
in writing
of both the amount||and||
|settlement
date.
In the event that a donation
is subject to conditions
that require a level of||||
|performance
before the charity
is entitled
to the funds, the income
is deferred|and not recognised|||
|until either those conditions
are fully met, or the fulfilment
ofthose conditions|is wholly
within||the|
|control of the charity and
it is probable
that those conditions
will be fulfilled
in|the reporting|period.||
|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.|
|(d) Expenditure
Recognition||||
|Liabilities are recognised as expenditure
as soon as there is a legal or constructive
obligation||||
|committing
the charity to that expenditure,
it is probable
that settlement
will be required
and|||the|
|amount
of the obligation
can be measured
reliably.||||
|All expenditure
is accounted
for on an accruals basis. All expenses
including|support costs|and||
|governance
costs are allocated
or apportioned
to the applicable
expenditure|headings.
For||more|
|information
on this attribution
refer to note (f) below.||||
|(e) Irrecoverable
VAT||||
|Irrecoverable
VAT is charged
against the expenditure
heading
for which
it was incurred.||||
|(f) Allocation of support
and governance
costs||||
|Support costs have been allocated
between
governance
costs and other support costs. Governance||||
|costs comprise
all costs involving
the public accountability
ofthe charity and|its compliance||with|
|regulation
and good practice. These costs include costs related to independent
examination|||and|
|legal fees together
with an apportionment
of overhead
and support costs.||||
|Governance
costs and support costs relating
to charitable
activities
have been apportioned|||based|
|on staff time and facilities used
in each activity.||||
|The allocation
of support
and governance
costs is analysed
in note 5,||||
|NOTES 'TO THE ACCOUNTS FOR THE YEAR ENDED 30SEPTEMBER|NOTES 'TO THE ACCOUNTS FOR THE YEAR ENDED 30SEPTEMBER|2023|2023|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|(g) Charitable
Activities||||||||||||
|Costs of charitable
activities
include governance
costs and an|apportionment|||of support||costs as||||||
|shown
in Note 4.||||||||||||
|(h) Tangible fixed assets and depreciation||||||||||||
|Fixed assets are included
in the accounts at net book value. Additions|||of a single||item or||a group|||||
|of similar assets exceeding F500, are capitalised
at cost (valuation
for|||donated|assets).||||||||
|Depreciation
is provided
to write off the cost less the estimated|residual||value|of tangible|||fixed|||||
|assets over their estimated
useful
lives as follows:—||||||||||||
|Short Leasehold
Improvements
20% on cost||||||||||||
|Computer
Equipment
33%on cost||||||||||||
|Fixtures,
Fittings
8 Equipment
20% on cost||||||||||||
|(i) Taxation||||||||||||
|The organisation
is exempt from income tax by reason of its charitable|||status.|Income tax||||||||
|suffered
on investment
income
is reclaimed
in full. The Charity|is not|currently||registered|||for VAT.|||||
|(j) Pensions||||||||||||
|The trustees operate a defined
contribution
auto enrolment
compliant|||pension.|The charity has|||||no|||
|liability beyond
making
its contributions
and paying across the|deductions
for the employee's|||||||||||
|contributions.||||||||||||
|(k) Contingent
liabilities||||||||||||
|A contingent
liability
is identified
and disclosed for those transactions||resulting||from a possible||||||||
|obligation
which
will only be confirmed
by the occurrence
of one or more uncertain|||||future||events|||not||
|wholly
within
the trustees'
control.||||||||||||
|(I) 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.||||||||||||
|(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 the funds to a third party and the amount||||||due||to|settle|||
|the obligation
can be measured
of estimated
reliably.
Creditors|and provisions|||are|normally|||recognised|||at|
|their settlement
amount
afterzllowing
for any trade discounts|due.|||||||||||
##
|O|TES TO TH|E A|CCOU|NTS FOR THE YEAR ENDED|30SEPTEMBER 202|3||
|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Total|
|2|DONATIONS||& LEGACIES||Funds|Funds|2023|
||||||f|f|f|
||Donations||||4,796||4,796|
||||||4,796||4,796|
||||||Unrestricted|Restricted||
||Previous|Year|||Funds|Funds|2022|
||||||f|||
||Donations||||3,898||3,898|
||Mr Greenaway||||600||600|
||Ms Packham||||950||950|
||||||5,448||5,448|
||||||Unrestricted|Restricted|Total|
|3|INCOME FROM CHARITABLE ACTIVITIES||||Funds|Funds|2023|
|||||||f|f|
||Grants:|||||||
||MCC|||||60,000|60,000|
||BBCChildren||ln Need Grant 2|||20,926|20,926|
||MCRactive|||||13,316|13,316|
||We Love MCR|||||1,000|1,000|
||(less deferred||to 2024)|||(1,000)|(1,000)|
|||||||94,242|94,242|
||||||Unrestricted|Restricted|Total|
||Previous|Year|||Funds|Funds|2022|
|||||||f||
||Grants:|||||||
||Big Lottery|—Awards||for All||10,000|10,000|
||MCC Playscheme|||||15,402|15,402|
||Young Manchester|||||31,332|31,332|
||MCC Arts|||||2,000|2,000|
||MCC|||||1,910|1,910|
||Big Lottery|Awards||for All - Celebrate||9,377|9,377|
||BBCChildren||ln Need|||32,110|32,110|
||BBCChildren||In Need Grant P|||40,852|40,852|
||(less deferred||to 2023)|||(20,426)|(20,426)|
||Gift Aid||||1,895||1,895|
||Events 8 Premises|||Hire|3,058||3,058|
||||||4,953.00|122,557|127,510|
##
##
##
|||||||||||E||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||MCC||70||
|||||||||Young|Manchester|5,776|5776|
|||||||||||5,846|5776|
||In 2023|&2022 prepayments'of||||f5,776 relate||to the restricted|Young Manchester|fund. This was for a|trip|
||which was postponed|||due|to Covid-19.|||||||
|10|LIABILITIES:AMOUNTS||||FALLING DUE WITHIN ONE YEAR|||||2023|2022|
||||||||||||E|
||Accruals|||||||||1,655|1,621|
||Deferred|Income||||||||1,000|20,426|
|||||||||||2,655|22,047|
|11|DEFERRED INCOME|||||||||||
||Balance|as at 1st October|||2022|||||20,426||
||Amount|released|to|income earned|||from activities|||(20,426)||
||Amount|deferred|in year|||||||1,000||
||Balance|at 30th September|||2023|||||1,000||
||Deferred|income|is comprised|||ofthe following||grants.||||
|||||||We Love MCR||||1,000||
|||||||||||1,000||
##
|NO|TES TO THE ACCOUNTS|TES TO THE ACCOUNTS|TES TO THE ACCOUNTS|FOR THE|YEAR ENDED 30S|EP|TEM|BER 20|2|3||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|11|MOVEMENT
IN FUNDS|||OF THE|Balance||||||||||Balance|
||CHARITY||||01-Oct|Incoming||||Transfers||Outgoing|||30-Sep|
||Restricted Funds:||||2022f||||||||||2023
E|
||MCC Playscheme||||1,770||||||||||1,770|
||Young Manchester||||24,010|||||||||(24,010)||
||Big Lottery Awards|for|All||145|||||||||(145)||
||MCC - Youth Round 4||||1,252|||||||||(1,252)||
||MCC||||11|||60,000||||||(27,016)|32,995|
||BBCChildren
In Need||2||12,240|||20,926||||||(33,166)||
||MCRactive|||||||13,316||||||13,086)|230|
||||||39,428|||94,242||||||(98,675)|34,995|
||Unrestricted
Funds:|||||||||||||||
||General||||33,295|||5,007||||||(15,422)|22,880|
||||||33,295|||5,007||||||15,422)|22,880|
||||||72,723|||99,249||||||114,097)|57,875|
||Previous Year||||Balance||||||||||Balance|
||||||01-Oct|Incoming||||Transfers||Outgoing|||30-Sep|
||||||2021||||||||||2022|
||Restricted Funds:|||||||E||||||||
||MCC Playscheme|||||||15,402||||||(13,632)|1,770|
||Young Manchester||||7,449|||31,332||||||(14,771)|24,010|
||NHS||||1,506|||||||||(1,506)||
||GMP||||820|||||||||(820)||
||Big Lottery Awards|for|All|||||10,000||||||(9,855)|145|
||MCC - Youth Round 4||||1,252||||||||||1,252|
||MCC - Playscheme||||262|||||||||(262)||
||MCC - Arts|||||||2,000||||||(2,000)||
||MCC|||||||1,910||||||(1,899)||
||Big Lottery Awards|for|All|—Celebrate||||9,377||||||(9,377)||
||Arawak||||4,619||||||(4,619)|||||
||BBCChildren
In Need||||8,866|||32,110||||||(40,976)||
||BBCChildren
ln Need||2|||||20,426||||||(8,186)|12,240|
||||||24,774||122,557||||(4,619)||(103,284)||39,428|
||Unrestricted
Funds:|||||||||||||||
||General||||19,192|||10,558|||4,619|||(1,074)|33,295|
||||||43,966||133,115||||||(104,358||72,723|
||Arawak transfer offunds|||is due to an|underallocation
in|previous||years.||||||||
||Name ofRestricted Funds:||||Description,|nature||and purpose|||ofthe fund|||||
||MCC Playscheme||||towards
holiday||playscheme||costs|||||||
||Young Manchester||||towards
activities||for|young people||||||||
||Big Lottery Awards|for|All||towards
festival||8 workshops|||||||||
||MCC - Youth Round 4||||towards
youth|activities||||||||||
||MCC||||towards
youth|activities||||||||||
||BBCChildren
In Need||2||towards
childrens
activities, balance||||||includes||future depreciation|||
||MCRactive||||towards
youth|activities||||||||||
||Name ofunrestricted||Funds:|||||||||||||
||General||||the free reserves||after allowing|||for all designated||||funds||
##
||||Unrestricted|Restricted||
|---|---|---|---|---|---|
||||funds|funds|Total 2023|
|Fixed assets||||880|880|
|Cash at bank and|in hand||23,314|29,606|52,920|
|Other net current|assets/(liabilities)||(434)|4,509|4,075|
|Total|||22,880|34,995|57,875|
|Previous year analysis||of net assets between funds||||
||||Unrestricted|Restricted||
||||funds|funds|Total 2022|
|Fixed assets|||258|760|1,018|
|Cash at bank and|in hand||32,498|53,318|85,816|
|Other net current|assets/(liabilities)||539|(14,650)|(14,111|
|Total|||33,295|39,428|72,723|
##
##