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2023-03-31-accounts

Registered number: 2476342 Charity number: 702687

42[nd] STREET COMMUNITY BASED RESOURCE FOR YOUNG PEOPLE UNDER STRESS

(A company limited by guarantee)

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

For the year ended 31 March 2023

42nd STREET – COMMUNITY BASED RESOURCE FOR YOUNG PEOPLE UNDER STRESS CONTENTS

Page
Legal and administrative information 1
Trustees’ report 2 - 22
Independent auditors' report 23 - 25
Statement of financial activities 26
Balance sheet 27
Cash flow statement 28
Notes forming part of the financial statements 29 - 45

42nd STREET – COMMUNITY BASED RESOURCE FOR YOUNG PEOPLE UNDER STRESS LEGAL AND ADMINISTRATIVE INFORMATION For the year ended 31 March 2023

Trustees

Ms E Allen - Chair

Mr H Ahmadzadeh Ms N Nazran Mr H Thomas Ms Vicky Sharrock Mr K Jones Ms H Gibson Ms Roxanna Locke Mr William Thomson

Senior management team Ms S Spray, Director

Ms C Jacob, Head of Service Ms K Nyananyo, Head of Service Ms T Gregson, Head of Operations and Business Development

All members of the Board of Trustees are also directors for the purposes of Company Law.

Company Registered Number 2476342 Charity Registered Number 702687 Registered and The SPACE Principal Office 87-91 Great Ancoats Street Manchester M4 5AG Auditors Crowe U.K. LLP Chartered Accountants & Statutory Auditors The Lexicon Mount Street Manchester M2 5NT Bankers Royal Bank of Scotland Plc St Ann Street Manchester M60 2SS Triodos Bank Deanery Road Bristol BS1 5AS United Trust Bank Limited One Ropemaker Street London EC2Y 9AW

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42nd STREET – COMMUNITY BASED RESOURCE FOR YOUNG PEOPLE UNDER STRESS TRUSTEES’ REPORT For the year ended 31 March 2023

INTRODUCTION

The Trustees are pleased to present their annual directors report together with the financial statements of the charity for the year ending 31 March 2023 which are also prepared to meet the requirements for a director’s report and accounts for Companies House purposes. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective January 2022).

Purposes and Activities

42nd Street: Community based Resource for Young People under Stress is a charitable company limited by guarantee. All members have agreed to contribute a sum not exceeding £1 in the event of needing to wind up the organisation.

Vision

42[nd] Streets vision is for inclusive, accessible mental health and wellbeing support and opportunities for all young people.

Mission

42nd Street supports young people in Greater Manchester aged 11-25 years with their emotional well-being and mental health by offering a choice of effective, creative, young person-centred and rights-based approaches.

The 42[nd] Street team recognises that many young people feel disempowered, that some services are difficult to identify with and access and that mental health and personal difficulties can be made worse by the health, social and economic inequalities that might be experienced

We do all we can to make young people feel listened to, valued, included, safe and unique.

By working collaboratively, we demonstrate local impact with national significance driving meaningful change that makes a positive difference to the lives of young people.

Social Objectives

Our social objectives underpin everything that we do, keeping us focused and with a clear sense of purpose; our social objectives are to:

Business Objectives

By focusing on 6 clear business objectives will ensure that we have the culture, infrastructure, and enablers required to deliver our vision, mission and social objectives.

Our Business Objectives are to:

  1. Ensure that the charity is able to respond to and influence the changing external environment , build relationships and learn from partners, stakeholders and communities.

  2. Continue to build a high quality workforce , insisting on improving mechanisms and behaviours that embed diversity, challenge oppression and celebrate leadership.

  3. Strengthen our robust, compelling and agile outcomes, research and evidence base and become a local and national reference for young person centred, rights-based and creative approaches

  4. Engage, communicate with and influence a wide range of stakeholders and build our digital and creative capabilities

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42nd STREET – COMMUNITY BASED RESOURCE FOR YOUNG PEOPLE UNDER STRESS TRUSTEES’ REPORT For the year ended 31 March 2023

  1. Diversify and sustain our income to maintain and strengthen the financial stability of the charity enabling choice and inclusivity

  2. Embed high quality, sector leading operational processes and systems that support a safe working environment, promote best practice and are sustainably responsible.

Theory of Change

42[nd] Street has developed a theory of change to capture the key mechanisms by which we will achieve our charitable, vision, mission and objectives. This comprehensive model demonstrates how we work beyond a service delivery model, by identifying and tackling the critical systemic barriers that might prevent young people from accessing inclusive mental health and wellbeing support/opportunities and how the actions that we need to invest in relate to one another.

Our Theory of Change sets out how our charity achieves our mission and objectives, influencing the local and national health and social care system with a specific focus on tackling inequalities and ensuring that young people have a voice.

Delivery

We deliver from our purpose built hub, online platform, creative venue -The Horsfall, schools, colleges, social care settings and community venues across Greater Manchester. Our buildings and online platform were all designed with young people and reflect our young person-centred approach, complete with “Narniaesque” wardrobe doors to enter out therapy rooms.

Our c.100 qualified and experienced team includes social workers, youth workers, artists, counsellors, therapists and psychologists who work online, remotely and face to face, we have a small but dedicated finance, business operations, data, facilities and communications team who work alongside young people with lived experience and a passion for influencing change and supporting their peers. The charity provides free, high quality, accessible, relevant and responsive services to young people presenting with a wide range of mental health and psychosocial issues that often manifest as depression, anxiety, low self-esteem, low levels of confidence, family and relationship issues, isolation and loneliness, frustration and anger. 42[nd] Street does not diagnose but we do support young people with diagnoses of Borderline Personality Disorder (BPD) psychosis, eating disorder and bipolar disorder. We have particular experience and a national reputation for our expertise in working with young people who might who self- harm and/or are at risk of suicide and expertise in understanding and supporting young people experiencing isolation and loneliness.

We recognise that there are multiple barriers including cultural, health, social, economic and identity inequalities and structural inequities for many young people that need support and so we aim to design, deliver and review our services and opportunities with them. By encouraging and supporting young people to have the power to have their voices heard and by conducting peer research within the organisation and beyond we are able to tailor support to their needs. One-to-one interventions are combined with opportunities for young people to learn, develop new skills, be creative, play and have fun. We find ways for young people to be curious and to celebrate their unique experiences, demonstrating to themselves and others that they are able to not only manage their mental health, but can also support and inspire others, find creative ways to share their stories and find the strength to navigate their way into adulthood.

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42nd STREET – COMMUNITY BASED RESOURCE FOR YOUNG PEOPLE UNDER STRESS TRUSTEES’ REPORT For the year ended 31 March 2023

Equality Diversity and Inclusion

A key part of the Charity’s work is responding to the health inequalities and inequities that exist in relation to the determinants of health, access to appropriate services and the increased prevalence of mental ill-health and complex psychosocial issues. 42[nd] Street recognises that to achieve our vision and mission we need to understand our organisational strengths, weaknesses and values and embed cultures of inclusion for our workforce, young people and our wider stakeholders.

In recent years the Charity has developed and continues to deliver services and opportunities that recognise that some young people are at increased risk in relation to their mental health and/or who may have poorer access to support including creativity, groups and social action. Therefore our choice of projects and approaches target the needs of LGBTQ+ young people, young men, young women, non-binary, gender fluid and trans young people, disabled young people, young people facing discrimination, young people experiencing cultural and/or religious barriers, young people experiencing poverty and financial hardship, young people at risk of exploitation, asylum seeing and refugee young people, young people transitioning into adulthood at the same time as navigating the changes in service availability, young people experiencing exposure to the Criminal Justice System, care experienced young people and care leavers, young people experiencing isolation and loneliness, neuro-divergent young people and young carers.

In 2022 we strengthened our approach to EDI but developing a new People and Culture Team and a specific Workforce Development and EDI Manager, to support the whole team but explicitly the onboarding and support of people with life and lived experience that can contribute to diversification and representation across our workforce

Our Key Activities are all delivered either face to face or online and include:

One- to- one

Groups

One to one counselling, therapy, psychosocial support and advocacy (online and face to face)

We offer young people one to one sessions in counselling, psycho-social support and a range of IAPT-compliant services including Cognitive Behavioural Therapy, Counselling for Depression. These approaches help young people to manage difficult feelings, support themselves in healthier ways, explore connections between thoughts feelings and behaviours and develop skills and networks that will help them cope. Sessions are usually weekly, last for 50 minutes and the venue/online access, modality, number of sessions length are decided with the young person based on their needs and situation, informed by NICE guidelines. Where young people require additional support in between sessions the workers will offer additional case management.

One to one Bespoke Services in schools and colleges

42nd Street offers both individually contracted services to schools across Trafford, Manchester, Salford and Tameside and is part of the national roll out of the DfE Mental Health in Education Programme. The model of delivery is to place a Mental Health Practitioner within a school/college for a minimum of one day per week to support individual young people referred by the setting for 6-12 weeks of support. 42[nd] Street also offer a variety of group and creative opportunities to young people via schools and colleges, linked to the developments of the BeeWell Survey and meeting the needs of often excluded and marginalised young people.

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42nd STREET – COMMUNITY BASED RESOURCE FOR YOUNG PEOPLE UNDER STRESS TRUSTEES’ REPORT For the year ended 31 March 2023

One to one Integrated Community Response Service and Safe Zones

42[nd] Street offer bespoke community based support in specific settings across Greater Manchester where our Mental Health Practitioners (MHPs) are integrated into the particular setting and take referrals directly from them. The Integrated Community Response Service (ICRS) supports 13- 18 year old young people in identified settings across Greater Manchester with their mental health and wellbeing delivered in partnership with Social Care colleagues, Manchester Mind, Mind in Salford and Manchester and Salford Child and Adolescent Mental Health Services (CAMHS). This model has extended to support young people on the Crisis Care pathways as part of the SafeZones and Parachute Teams to support young people stepping down from presentations at A and E and also those that are care experienced and may be experiencing increased family and placement pressures that are impacting on their mental health and well-being.

The service has been co-created to support vulnerable young people that present with episodes of high level psycho-social distress and risk who need a rapid, short-term response to de-escalate their situation and support their emotional and mental health needs. The service has also been created in recognition of the fact that the current configuration of services is often unable to support these young people’s needs appropriately or in a timely way which can cause their distress and risk to escalate which is unacceptable for them and also places increased, unnecessary pressure on acute and crisis services.

The ICR service has been externally evaluated by the Anna Freud Centre who concluded:

“A review of outcome data indicates the support…has enabled them (young people) to develop therapeutic relationships…providing a significant contribution to the long term resilience of young people developing positive relationships”

Groups-CONNECT

We offer a variety of therapeutic group work opportunities which include TC42 - a group using the Democratic Therapeutic Community approach.

Our identity based groups include a peer support group for young people who identify as women; groups- both face to face and digital, to support Lesbian, Gay, Bisexual Trans and Questioning (LGBTQ+) young people; work with young people with Learning Disabilities and Autism/Asperger’s in Trafford and a peer support group within the Orthodox Jewish Community in Salford for young women who support their neuro-divergent siblings.

In 2023 42[nd] Street started a new Nature Group, using evidence based approaches in the outdoors to build emotional strength, coping mechanisms and resilience.

Kieran’s Getaways are a key element to our programme enabling young people to literally get away either to experience something completely new, to recharge and relax, or to learn new skills and socialise. Kieran’s Getaways are made possible as a result of the money raised by Kieran Raiswell Crump’s family, friends and community in his memory.

Groups- CAMPAIGN

Giving young people voice and influence is another critical part of our approach and programme at 42[nd] Street; the Charity believes that active participation and involvement of young people helps to promote resilience and recovery and also informs the type of services required to best meet the needs of young people. Genuine participatory approaches contribute to safeguarding young people using services by giving them different ways of voicing concerns and raising problems. It also, most importantly, gives young people the opportunity to develop new life skills. This ethos is embodied in our Peer Research project for 16-25 year olds, Q42 project (led by LGBTQ+ young people), Cloud 42 (led by care leavers); Film 42 (led by black young men), Rays (led by young black women) and as part of the Youth Combined Authority supporting the BeeHeard group; Change Ambassadors Programme (led by young people from the ICR work).

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42nd STREET – COMMUNITY BASED RESOURCE FOR YOUNG PEOPLE UNDER STRESS TRUSTEES’ REPORT For the year ended 31 March 2023

These groups of young people are trained to build on their own experiences and knowledge around young people’s mental health and emotional wellbeing. These groups support young people to support one another and to help to shape local, regional and national thinking around service design and public policy. As experts by experience the young people help to shape services, for example Jet 42 have trained practitioners nationally in best practice supporting young black men, Cloud 42 have conducted peer research and a report influencing practice across Greater Manchester, Rays is campaigning around racism in schools and our peer research with 16-25 year olds is shaping new services through Living Well and beyond across GM and nationally. Our creative programme is also an opportunity for young people to tell their stories to new audiences, reduce stigma and challenge opinions attitudes and behaviours.

Groups- CREATE

42[nd] Street has a long history of incorporating arts and creativity into our approaches and engagement with young people and over the last few years we have strengthened this offer and developed a bespoke venue/gallery and programme-The Horsfall is a unique programme and gallery/creative space for young people that explores the power of using creativity to support young people’s mental health and wellbeing in its broadest terms. Wwe believe supporting a Creative Life, helps with processing experiences, realising ideas and amplifying the voices of young people on aspects of life and society that matter to them.

Key elements of the work include

Partnership working -Training programmes for professionals, parents and young people.

42[nd] Street offers a wide range of training packages to front–line professionals, parents/ carers and wider stakeholders that are interested in improving their understanding, approaches and strategies for supporting young people’s emotional wellbeing and mental health. This approach is being scaled up across Greater Manchester and nationally.

Partnership working - Collaboration

Throughout our 42-year history 42[nd] Street has always recognised the strength of partnership working and collaboration and over recent years has been instrumental in bringing cross sector, specialist and community based partners together to co-create, co-deliver, increase capacity and resource and deliver impact at scale. Notably this approach has included:

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42nd STREET – COMMUNITY BASED RESOURCE FOR YOUNG PEOPLE UNDER STRESS TRUSTEES’ REPORT For the year ended 31 March 2023

42[nd] Street embraces the findings of the report “Rebalancing the Relationship” published by NCVO, ACEVO and Lloyds Bank Foundation in February 2021. The report states,

“ A strong voluntary sector ecosystem requires individual organisations to not only recognise and value their strengths, but to recognise and value the strengths of others.”

We are a key partner in the Greater Manchester VCSE Leadership Group that produced the Memorandum of Understanding (MoU) with the Greater Manchester Health and Social Care Partnership signed in May 2017. The MoU sets out a way for the VCSE sector to be better engaged and linked in with the Health and Social Care devolution agenda in Greater Manchester both at a strategic level and within each of the 10 local authority areas. The Leadership Group have also developed a VCSE Policy Position Paper which sets out a long-term ambition for the VCSE sector in Greater Manchester.

It describes a future role equal to those of the state and business and sets out what our sector could bring to Greater Manchester people and communities and what to do to enable it, including investment .

42[nd] Street’s CE continues to play a critical role in the embodiment of this work and became a member of the Alternative Provider Federation in 2021/22 which has now been integrated into the Integrated Care Organisation as a Collaborative.

42[nd] Street is in a strong position to consolidate our role in finding collaborative approaches to tackle complex and systemic social issues, empower communities and young people and put them at the heart of decision- making. Our generous, transformational, system leadership approach- with a focus on impact over organisational gain-will continue to strengthen the sector, avoid unnecessary competition and focus on creating an environment that ensures a range of good organisations can best meet the needs of our young people .

We also know there is most impact when we “work with” rather than “do to’ our young people and therefore we will focus on partnership working with communities and people with lived experience so that they can shape their own support; to shift power to communities and young people, we need a diverse ecosystem of organisations of all types and sizes to play their part, playing to strengths and maximising our resources and impact. “Rebalancing the Relationship” suggests five key questions every leader and individual should consider to improve how their organisation works with others that 42[nd] Street have adopted:

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42nd STREET – COMMUNITY BASED RESOURCE FOR YOUNG PEOPLE UNDER STRESS TRUSTEES’ REPORT For the year ended 31 March 2023

  1. Power. What advantages does my organisation have compared to others, and how can we level the playing field? How can we support organisations led by marginalised groups and communities?

  2. Empathy. What are the challenges other organisations of different types and sizes face? What do other organisations do better than us? What are the challenges and values we have in common?

  3. Honesty. How do other organisations, and people who work for them, experience working with us? How can we make them feel comfortable to have an honest conversation with us?

  4. Communication. Do others know we want to work in partnership and how we approach partnership working?

  5. Impact. How are the people we serve supported by other organisations? How can we work with other organisations to centre the people we serve and coproduce services? How can we prioritise impact above organisational interest?

Key Service Outputs

Sessions Sessions Young People Young People
Activity 22- 23 21- 22 20- 21 19- 20 22- 23 21- 22 20- 21 19 –
20
Screening 1994 1630 1637 1431
Engagement Work 748 162 262 118
Assessment 3367 2184 1171 732 2490 1474 841 523
One to One
Counselling Sessions
(including 529 CfD)		 3447 2414 2794 3675 421 327 294 478
Psychosocial 3770 4333 3730 4799 407 452 417 619
IAPT (CBT) 1879 1541 922 3024 175 282 252 504
ICR 2302 1940 2117 1232 189 218 209 353
42nd Street (EMHP,
MHP, Private)		 3045 4376 1400 1232 413 564 195 266
Partners (EMHP,
MHP)		 1132 884 2291 3163 182 100 344 587
Online Sessions 1512 2220 2222 298 184 327 275 72
Other 141 139

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42nd STREET – COMMUNITY BASED RESOURCE FOR YOUNG PEOPLE UNDER STRESS TRUSTEES’ REPORT For the year ended 31 March 2023

Groups
Women’s Group 36 (41) (45) [42] 8 (14) (13) [29]
Q42 6 (48) (71) [47] 6 (10) (16) [37]
Movement to Feel Good 32 (37) (50) [34] 6 (13) (14) [18]
Change Ambassadors 53 (14) (46) [55] 21 (5) (8) [24]
TC42 45 (69) (54) [46] 19 (31) (7) [15]
Cloud42 12 (8) (9) 4 (10) (5)
Jet42 33 (12) 6 (12)
Crystal 42/ ICR Group 24 (18) 12 (8)
Rays 17 6
Orthodox Jewish Group 45 30
Music Group 2 7
Nature Group 6 6
Tameside Group 36 12

Groups supported an additional 143 young people and 347 sessions sessions. Most groups have remained consistent in number and frequency and we have introduced some new and one off group sessions reduced in number but the sessions remained consistent.

The Horsfall sessions and events

688 young people accessing and being supported in creative activities in either one off 2 hour sessions (420 )or a series of session that lead to an exhibition / public showing ( 248) Exhibitions 12 ( ten pieces shown at festival)

Sessions 207 ( both group and one to one sessions)

180 professionals given training on creativity and mental health

125 First Nurses year Nurses (Chester University) took part in series of 4 sessions

100 social workers across the north took part on day on creativity in participation within child protection

Training and Events

Training and Events
Internal Training Workshops Participants
Existential themes & the human condition 2 18
Basic trans awareness'training 3 58
Cost of living 1 19
EDI awareness 3 56
Existential themes and concepts on the human condition 2 27
Intro to transactional analysis psychotherapy 1 20
Introduction to nature connection 1 10
Mandatory risk assessment 3 62
Outcomes of assessment 1 40
Safeguarding briefing 4 72
Self-harm and suicide 3 57
The use of anti-depressant medication amongst young people;
where does therapy stand?		 2 17
Train the trainer 2 17
Understanding and working with trauma 1 19
Working with young asylum seekers and refugees 1 25
Youth Work and Projects 1 11

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42nd STREET – COMMUNITY BASED RESOURCE FOR YOUNG PEOPLE UNDER STRESS TRUSTEES’ REPORT For the year ended 31 March 2023

Name of training/workshop **Days/workshops ** Participants
Workingwithyoung people usingcreativity 1 6
Supporting young people usingcreativity 1 16
Introduction to Transactional Analysis x 3 3 33
Intro toyouth work and counsellingskills 1 6
Trauma and ACE’s trainingx 2 2 28
Connect and Collaborate – Workingin Nature withyoungpeople 1 12
Introduction to Youth work and counsellingskills 1 16
Workingwith Autism 1 23
Train the trainer 1 13
Understandingthe welfare benefits system 1 12
Sickness and DisabilityTraining 1 8
HousingRights Training 1 8
CreatingPowerPoint training 1 6
PovertyAwareness Training 1 10
Workingwith Grief and Loss 1 16
Leadershipand Management training 1 15
Young Peoples Mental Health-Trauma and De-escalation 3 60
Blessed Thomas Holford RC staff supervision 39 6

Training and Events

42[ND] Street has delivered 31 internal and 26 external 528 internal and 376 external event sessions we have delivered a combination of core mental health training across multiple setting and with a variety of professionals alongside more bespoke training to specific communities and settings including the Orthodox Jewish Community and communities following traumatic events

Demographics

A demographic breakdown of young people accessing individual therapeutic support and group work programmes.

Area Count % 2021/22% 2020/21% 2019/20%
Manchester 2723(2846) 53.2 54.4 37 48.5
Salford 1135(997) 22.2 19.1 16.1 27
Trafford 981(1027) 19.2 19.6 12.8 17.8
Tameside & Glossop 129(214) 2.5 4.1 3 3
Oldham 32(15) 0.6 0.3 0.2 0
Stockport 32(38) 0.6 0.7 0.5 0.1
Bury 31(33) 0.6 0.6 0.3 0.2
Bolton 29(21) 0.6 0.4 0.3 0.1
Heywood, Middleton and Rochdale 19(26) 0.4 .0.5 0.2 0.1
Wigan & Leigh 11(13) 0.2 0.2 0.1 0.1

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42nd STREET – COMMUNITY BASED RESOURCE FOR YOUNG PEOPLE UNDER STRESS TRUSTEES’ REPORT For the year ended 31 March 2023


Gender Identity		 Count % 2021/22% 2020/21% 2019/20%
Female(includingtrans woman) 3297 (3480) 64.5 66.5 47.5 63.2
Male(includingtrans man) 1312 (1377) 25.6 26.3 20.7 34.9
Unknown 161 (124) 3.1 2.4 30 0.6
Gender Queer / Non - Binary 82 (116) 1.6 2.2 1.2 1
Questioning/ Not sure 70 (60) 1.4 1.1 0.1 0
Prefer not to say 65 (33) 1.3 0.6 0.3 0.1
Othergender identity 46 (40) 0.9 0.8 0.2 0.3
Gender Fluid 22 (0) 0.4 N/A N/A N/A
Age at Referral Count % 2021/22% 2020/21% 2019/20%
11-12. 283 (305) 5.5 5.8 3.4 5.3
13-15. 1997 (1914) 39.0 36.6 25.4 42.7
16-19. 1789 (1856) 34.9 35.5 26 33.8
20-25. 1053 (1118) 20.6 21.4 15.6 17.4
Unknown 0 (37) 0 0.7 29.6 0.1
Ethnicity Count % 2021/22% 2020/21% 2019/20%
White British 3296 (3326) 64.3 63.6 46.6 66.9
BAME (Inclusive of White Irish and
other)		 1632 (1578) 31.9 30.2 18.4 25.5
Unknown 172 (0) 3.4 0 32.4 5.5
Prefer Not to Say 22 (109) 0.4 2.1 2.5 2.2
Disability Count % 2021/22% 2020/21% 2019/20%
Not Disabled 3176 (3171) 62.0 60.6 39 63.5
Disabled 828 (787) 16.2 15 11.3 16.4
Prefer not to say 563 (806) 11.0 15.4 9.6 5.5
Unknown 555 (466) 10.8 8.9 40.1 14.6
Sexuality Count % 2021/22% 2020/21% 2019/20%
Heterosexual or Straight 2632 (2707) 51.4 51.8 29.1 43.3
Prefer not to say 941 (769) 18.4 14.7 4.5 9.4
Unknown 511 (660) 10.0 12.6 53.1 28.6
Bisexual 495 (542) 9.7 10.4 6.2 7.6
Other LGBTQ+ 203 (201) 4.0 3.8 1.8 2.2
Gay 194 (161) 3.8 3.1 1.4 1.5
Person asked and does not know or
is not sure		 64 (107) 1.2 2 2.5 6.2
Lesbian 60 (83) 1.2 1.6 1.4 1.2
Pansexual 16 (N/A) 0.3 N/A N/A N/A
Asexual 6 (N/A) 0.1 N/A N/A N/A

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42nd STREET – COMMUNITY BASED RESOURCE FOR YOUNG PEOPLE UNDER STRESS TRUSTEES’ REPORT For the year ended 31 March 2023


Religion and Belief		 Count % 2021/22% 2020/21% 2019/20%
Unknown 3342 (2674) 65.2 51.8 55 36.7
None 1060 (1300) 20.7 24.9 23.9 33.2
Not Stated 274 (636) 5.3 12.2 11.6 14.8
Christian 215 (311) 4.2 5.9 5.4 9.6
Muslim 144 (215) 2.8 4.1 2.6 3.8
Other 49 (37) 1.0 0.7 0.7 1.2
Jewish 14 (21) 0.3 0.4 0.3 0.3
Pagan 9 (7) 0.2 0.1 0.2 0
Buddhist 6 (12) 0.1 0.2 0.1 0.2
Hindu 6 (11) 0.1 0.2 0.1 0.1
Sikh 3 (6) 0.1 0.1 0 0.1
2019/20%
73
16
6
5
2019/20
76.8
10.8
11.8
0.1
0
0
2019/20
55.3
42.5
0.9
1.1
0.2
Are you a young carer for a
parent/carer or family members?		 Count % 2021/22% 2019/20%
No 4022 (2382) 78.5 55 73
Unknown 794 (502) 15.5 11.6 16
Yes 224 (235) 4.4 5.4 6
Not Stated 82 (1035) 1.6 23.9 5
Relationship Status Count % 2021/22% 2019/20
Single 3292 (317) 64.3 7 76.8
Unknown 1600 (1822) 31.2 42 10.8
Not Stated 70 (2176) 1.4 50 11.8
Married/Civil Partner 15 (0) 0.3 0 0.1
Separated 1 (0) 0.0 0 0
Divorced/Dissolved Civil Partnership 0 (0) 0.0 0 0
Not applicable 144 (0) 0.0
Experience of Care Count % 2021/22% 2019/20
Unknown 3019 (2931) 58.8 67.7 55.3
Not applicable 2020 (1317) 39.4 30.4 42.5
Care leaver 47 (30) 0.9 0.7 0.9
In care 35 (47) 0.7 1.1 1.1
Prefer not to say 11 (4) 0.2 0.1 0.2

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42nd STREET – COMMUNITY BASED RESOURCE FOR YOUNG PEOPLE UNDER STRESS TRUSTEES’ REPORT For the year ended 31 March 2023
Employment/Education status Count % 2021/22% 2019/20
Unknown 3239 (3047) 63.1 70.4 53.5
School 885 (656) 17.2 15.2 23.8
Student FE 305 (217) 5.9 5 7.2
Student HE 231 (145) 4.5 3.3 4
Employed 219 (102) 4.3 2.4 3.8
Unemployed 115 (52) 2.2 1.2 1.9
Not in
education/Employment/Training
(Under 19s / NEET)		 57 (410 1.1 0.9 1.4
Alternative Education
Provision(U16)		 30 (24) 0.6 0.6 2.2
Unable to work/long term mental
health / health / disability		 28 (31) 0.5 0.7 1.4
Training 17 (10) 0.3 0.2 0.4
Prefer not to say 6 (4) 0.1 0.1 0.2

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42nd STREET – COMMUNITY BASED RESOURCE FOR YOUNG PEOPLE UNDER STRESS TRUSTEES’ REPORT For the year ended 31 March 2023

Age distribution

----- Start of picture text -----
Age Range 2022/23
800
600
400
200
0
7 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 31
----- End of picture text -----

73% were 18 or under, 27% were 19+

37% Manchester 19+ 14% Salford 19+ 11% Trafford 19+ 66% were under 18, 34% were over 18 45% Manchester 18+ 20% Salford 18+ 15% Trafford 18+

It is important to note that the proportion of 18-25-year olds from Manchester is significantly larger than the other areas, this is in line with the high proportion of young adults in the City and the significant role that 42[nd] Street is playing in the all age mental health system.

Ethnicity

28% were from backgrounds other than White British 43% in Manchester 15% in Salford 24% in Trafford

These ratios are in keeping with the ratios across the areas demonstarting how well 42nd Street is supporting equlaity, diversity and inclusion within these areas

----- Start of picture text -----
43
55 Gender
63 [62]
19
10
68
609
Female (including trans woman)
1,210 Male (including trans man)3,006
Not Known
Questioning / Not sure
Not Stated
Gender Queer / Non‐Binary
Non‐Binary
Other (not listed)
----- End of picture text -----

Gender

5% identified as Questioning, Gender Queer, Non-Binary, Gender Fluid or Gender Queer. 6% in Manchester 5% in Salford 5% in Trafford Trans females and males are captured within the male and female data; the ratios at 42[nd] Street have been growing year on year

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42nd STREET – COMMUNITY BASED RESOURCE FOR YOUNG PEOPLE UNDER STRESS TRUSTEES’ REPORT For the year ended 31 March 2023

Disability

22% identified as having a disability 25% Manchester

20% in Salford 18% in Trafford

----- Start of picture text -----
Disability
Memory or ability to concentrate, learn or understand…
Unseen/invisible disability e.g. epilepsy, asthma etc
Manual Dexterity
Speech
Progressive Conditions and Physical Health (HIV,…
Sight
Learning Difficulty
Hearing
Unknown (Person asked and does not know or is not…
Mobility and Gross Motor
Autistic
Learning Disability
Memory or ability to concentrate, learn or understand…
Other
Behaviour & Emotional
0 50 100 150 200
----- End of picture text -----

----- Start of picture text -----
Sexuality
Sexuality
29% identified as other than
Pansexual
Heterosexual/Straight
31% from Manchester
Prefer not to say
25% from Salford
26% in Trafford
Person asked and does not…
Gay Online modality
The online Modality has recently
Bisexual completed an external
evaluation with Health
Heterosexual or Straight Innovation Manchester/ARC,
Series1 supported by the Department for
0 500 1,000 1,500 2,000 2,500 3,000
Health and Social Care.
----- End of picture text -----

The model is reaching populations proportionate with the communities that 42[nd] Street operates within Highest take up is in Manchester 52%, then Salford 21% and Trafford 14% online support is chosen by around 24% of our young people.

There are low DNA rates (12%) and high satisfaction rates (95%)

There are higher than national levels of clinical distress and 72-81% reduction/reduction to below clinical cut off/clinically significant change/recovery rates using ROMS.

A strength of the 42[nd] Street online modality is that it is fully integrated into 42[nd] Street’s operations and, as it is not anonymised, captures accurate demographics as well as GP details, referral details, educations details etc required for robust safeguarding practice and integrated support-including operating within the GM escalation processes and protocols.

Outcomes Measures

42nd Street has maintained very high attendance rates across all elements of our service, demonstrated by Do Not Attend (DNA) rates of between 4-9 %. With an overall rate DNA rate of 8% across all areas at all stages of support.

Using standardised, validated Routine Outcome Measures-submitted to MHSDS 42[nd] Street has achieved: Manchester: 77% improvement and 54% clinically significant/recovery rates Trafford: 74% improvement and 51% clinically significant/recovery rates

Salford: 69% improvement and 52% clinically significant/recovery rates

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42nd STREET – COMMUNITY BASED RESOURCE FOR YOUNG PEOPLE UNDER STRESS TRUSTEES’ REPORT For the year ended 31 March 2023

These compare to 44% improvement demonstrated in a national BACP Study

After disengagement, 92% of young people asked would recommend us to friends and family.

Social media

Impressions on Twitter is a total tally of all the times the Tweet has been seen. Reach is the number of unique accounts that saw any of your posts or stories at least once.

Quality Standards

42nd Street recognises that our data is an essential asset required to provide appropriate patient care, and that this asset needs to be held securely. We have achieved level 2 statuses in Information Governance ensuring that we comply with the NHS standards and overarching rules and regulations that allow the organisation to hold, store and utilise patient data through a legal framework governed by legislation. The charity is a member of the Information Commissioners Office (ICO), the UK’s independent authority set up to uphold information rights in the public interest, promoting openness by public bodies and data privacy for individuals.

42[nd] Street is contracted to provide mental health services to young people through NHS and Local Authority commissioning arrangements- which moved to Integrated Care Models in 2022/23 and produces extensive, quarterly/bi-annual and annual monitoring reports which are submitted to commissioners and contract teams locally and nationally with review meetings occurring on a regular basis. We have a long history of reporting to a variety of stakeholders and funders and have a holistic outcomes framework to capture the diverse programme and inter-related impact of our programme seen in the diagram below.

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42nd STREET – COMMUNITY BASED RESOURCE FOR YOUNG PEOPLE UNDER STRESS TRUSTEES’ REPORT For the year ended 31 March 2023

42[nd] Street also ensures that young people are able to feedback their experiences at all stages of engagement with the charity and shape the developments. Extensive output and outcome monitoring information is produced to assess quality and for external reporting. For example, YP-CORE, GAD-7, PHQ-9, ORS, CORS and CHI-ESQ have been integrated into the service to assess the outcomes of individual interventions

The Charity operates legally compliant policies and procedures across all aspects of the work of the organisation. Human Resource Management policies and procedures include those relating to: recruitment and selection; staff development; supervision and appraisal; personal safety. Organisational policies and procedures include those relating to: equality and diversity, finance and fraud, health and safety, business continuity, ICT, cyber-attacks and risk management. Service related policies and procedures include those relating to health and safety, risk assessment and risk management, confidentiality, safeguarding (children & vulnerable adults), Serious Untoward Incidents, working with self-harm and suicide risk; case recording; compliments, complaints and comments and escalation of issues within and beyond the charity

All staff across the Charity have regular line management supervision and external clinical supervisions is in place for all staff working with young people and external supervision arrangements are also available for all other staff, to provide support but also ensure the quality of their work. A duty management and screening system is in place as part of clinical governance arrangements. There are regular mandatory training events to ensure professional competence and development.

42nd Street has robust, NHS audited safeguarding/child protection/Serious Untoward Incident policies and protocols in place and all staff are fully inducted and trained in these. All staff complete enhanced DBS checks which are renewed regularly and shared with relevant partners e.g. schools. We have an experienced and trained Safeguarding Team, which is flexible in times of crisis e.g. during the pandemic. Our model embraces all approaches across the organisation including group work, face to face work and online work and is designed to be young person-centred and to protect and manage staff. Escalation processes are clear including processes to inform/alert the Board for more serious incidents. We have robust risk assessments built into all levels of delivery and ensure that all staff receive the relevant internal and external training commensurate with their position, their exposure to safeguarding issues across the charity and to keep them safe.

As we emerged from the pandemic the whole team remained agile and responsive to the changing needs of young people and have shown huge resilience dedication and support for one another.

Mental Health Practitioners have continued to adapt to the new hybrid ways of working remotely and developed their online and remote working skills to ensure that vulnerable young people were still supported despite the difficult logistics and altered therapeutic relationships. 42[nd] Streets offers a choice of access points into the core service i.e. 40% are via our online portal, via schools and colleges and via partners within the Integrated Community Response Service. Despite high level of need for these services we have designed out long waiting times for these elements of the service e.g. by restricting referral partners, flexing the workforce, working from a base-line of low waiting times-therefore all of these services meet national standards.

The data below captures the waiting situation for our community-based face to face modalities, chosen by 60% of referrals into the service

Significant increases in demand (300% in some areas) as demonstrated in the data below, alongside increases in complexity and managing different operating approaches have impacted on waiting times and the way in which we manage them. In May 2023 the longest waiting time was 68 weeks we had 1,202 young people were waiting at various points in the service compared to 44 weeks and1243 at the same point in 2022.

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42nd STREET – COMMUNITY BASED RESOURCE FOR YOUNG PEOPLE UNDER STRESS TRUSTEES’ REPORT For the year ended 31 March 2023

.

The Charity

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42nd STREET – COMMUNITY BASED RESOURCE FOR YOUNG PEOPLE UNDER STRESS TRUSTEES’ REPORT For the year ended 31 March 2023

It should be noted that we have reduced the waiting times and numbers at screening (currently 70) and ensure that when young people are on the waiting list for ongoing support, their assessment/screening worker remains their named worker and can be contacted directly if they have any concerns or issues. Young people are are also invited to join groups, creative sessions, online and face to face drop-ins etc available across the wider service; lists are regularly validated and other services offered as options

Key successes

The Group work, social action and creative teams have gone from strength to strength over the last year This has included national training and developing crisis care tool for black young people with Teen Minds by our Jet 42 Group (young black men), strengthening of the Change Makers and Peer Ambassadors, young women’s group, Cloud 42 (care leavers) and Q42 (LGBTQ+ young people) and introducing 2 new groups our Nature Group and Ray (for young black women). The team ran our third creative festival – The Future is Ours, pairing young people up with artists digitally, producing and sharing work celebrating young people and sharing their experiences through photography, music, visual arts, zines, poetry and film. The work in the Orthodox Jewish community has also strengthened as the young women carers group has increased in numbers and impact.

The training for the Orthodox Jewish Community also continued in 2022/23 completing the initial bespoke, quality assured, mental health and youth work training course with and increased number of diverse community practitioners from schools and community groups.

Kieran’s getaways have also contoured to support groups from the LGBTQ+ community, Orthodox Jewish Community, across The Horsfall and young black project

42nd Street has worked hard to continue to develop our Improved Access to Psychological Therapies (IAPT), working with partners across Manchester to develop an integrated pathway and referral route and internally recruiting and supporting 2 practitioners to complete the High Intensity CBT course and 2 practitioners to complete the CYP IAPT training.

In 2020/21 42[nd] Street’s work in schools and colleges continued to expand and embed across Manchester, Salford, Trafford and Tameside, now working in 36 schools as a result of being part of the Mental Health in Education Programme and securing individual contracts.

In 2021/22 the health and social care system experienced considerable workforce recruitment and retention issues; this was true for 42[nd] Street also as we needed to recruit and retain staff often on short terms contracts. This inspired the charity to implement plans already outlined in our Business Plan to rapidly and safely increase, diversify and develop our workforce. This has included creating a new development post to support Young Practitioners into employment within the charity and supporting practitioners with relevant expertise and experience to contribute the charity as we support their professional development

The ICR model has been attracting a lot of local and GM wide attention as it being recognised as a successful model for supporting young people experiencing high levels of psycho-social distress. The model was therefore briefly replicated across the Social Care and Crisis Care systems with the roll out of the new Parachute Service, the learning of which is still being drawn out across the system.

Financial Review

42[nd] Streets financial performance in 2022/23 shows a surplus of £113,747 in comparison to last year £342,080. Total reserves at year end are £2,159,455 made up of £1,484,455 restricted funds and £775,000 of unrestricted funds. Our total income for 2022/23 was £3,931,708 an increase of £425,549 from previous year £3,506,159.

The increase in income for charitable activities from £3,391,019 to £3,825,596 was largely due to increases and new grants from trust and foundation as well as uplifts on ICB and local authorities funding. Going into this financial year £155,889 was designated from unrestricted fund to mitigate loss of funds from last year but only 20% of that was spent due to the high level of funding that was secured. In this financial year we received new Funding from Eric Wright Charitable Trust, Innox Foundation, HEE, MFT, GMCA, Lankelly Chase, GMCVO, Esmee Fairbairn, Paul Hamlyn Foundation and Fidelity UK. We saw increase in funding from GMBOP, Health Education England and Manchester City Council and we also saw funding ended from DHSC Health and Wellbeing Fund, GHF, Prince’s Trust, Salford CVS, Duchy of Lancaster, RFF and Healthy Teen Mind.

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42nd STREET – COMMUNITY BASED RESOURCE FOR YOUNG PEOPLE UNDER STRESS TRUSTEES’ REPORT For the year ended 31 March 2023

Of the total unrestricted fund of £775,000 at year end, the board has agreed designated unrestricted funds totalling £473,420 broken down as below:

This leaves £301,580 of unrestricted as general funds at year-end.

The total fixed assets at year-end is £1,115,770 however there is long term liabilities totalling £677,150, which when offset leaves £438,620 as the total that can be realised from the disposal of total fixed assets.

Reserves Policy and going concern

Unrestricted funds including those invested in fixed assets total £775,000.

The board of trustees has agreed a reserves policy in light of the main risks to the charity to ensure it has an appropriate level of reserves to safeguard its operations and services to young people. Based on 42[nd] Street’s current size and activities, the Trustees have calculated that the total reserves held by the charity, to cover short to medium term risks, should be three months operating expenditure, which is calculated as £1,384,230. However, as all mental health practitioners and projects and a proportion of core costs are paid through targeted contracts and grants, a proportion of the three months operating expenditure would be covered from restricted reserves amounting to £1,008,708. Therefore, the charity requires £375,522 of unrestricted reserves to cover the remaining anticipated costs to safeguard the services if the charity were to discontinue its activities. This is broken down as below:

  1. 3 Months Salaries £62,416

  2. 3 Months Other Core Costs £10,006

  3. Redundancy Costs £231,844

  4. Building Costs £20,000 5. Miscellaneous Costs e.g. legal fees £30,000

At year end the total net assets of the Charity were £2,259,455. Of this £1,484,455 is tied up in restricted funds, leaving £775,000 as unrestricted funds. £473,420 of these unrestricted funds is designated for future use and £301,580 of general reserves. However, the unrestricted reserves are invested in fixed assets for use in the Charity which, when adjusted (total unrestricted £775,000 - total assets £1,115,770) leaves a shortfall in free reserves of –£340,770. The Charity will continue its endeavour to increase unrestricted funding over medium term to address this imbalance. The board is satisfied that in its current position this apparent negative figure does not represent any risk to the charity as funds could be raised from the equity in the building should they be required. The charity ended the financial year holding over £2.5million in cash and we believe the charity is in a strong position to manage through the current crisis.

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42nd STREET – COMMUNITY BASED RESOURCE FOR YOUNG PEOPLE UNDER STRESS TRUSTEES’ REPORT For the year ended 31 March 2023

Fundraising

42[nd] Street does not engage in any public fundraising, we do not employ a professional fundraiser but absorb these duties in to the work of the wider team, and in particular the Senior Management Team.

No person acting on behalf of the charity has been subject to an undertaking to be bound by any voluntary scheme for regulating fund-raising, or any voluntary standard of fund-raising, in respect of activities on behalf of the charity.

We have never received any complaints about activities by the charity or by a person on behalf of the charity for the purpose of fund-raising;

42[nd] Street therefore feels that the charity has no fundraising activities requiring disclosure under S162A of the Charities Act 2011'.

Plans for the future

We are in the second year of our 3 Year Business Plan which has been reviewed with young people, our own workforce and our Board of Trustees including all Position Ambition Learning/Leading/Listening (PAL) Plans for all aspects of the charity:

In 2022/23 we anticipated the delayed launch of the ICS/B arrangements. 42[nd] Street and the wider VCSE have been closely involved with these developments. The most significant impacts for 42[nd] Street are

  1. Consolidation of our contracts from locality commissioning to GM contracting

  2. Relationships with existing commissioners at a local level and developing new relationships at a GM level

  3. The establishment of the Alternative Provider Federation (APF) a body of VCSE NHS contracted organisations operating at a senior level within the GM emerging system.

  4. The development of an emerging Operating Model for the OICB and associated governance arrangements

We are also entering 2023/24 with a significant state of flux in the political, social and financial environment, both the public and voluntary sectors continue to face significant challenges greatly influenced by the significant cost of living emergency and the political and ideological responses of government with the very real possibility of imminent general elections. Therefore, there are real opportunities and threats to existing operational and financial arrangements across Greater Manchester

The charity anticipates reduction in investment to the VCSE and wider system as significant pressures are experienced by the ICB and 600-900M deficits are addressed. Risks to the charity and the wider system as these pressures are addressed include;

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42nd STREET – COMMUNITY BASED RESOURCE FOR YOUNG PEOPLE UNDER STRESS TRUSTEES’ REPORT For the year ended 31 March 2023

The Charity is entering 2023/24 with a large restricted reserve again due to last minute funding being available at year end. However, this funding is short term and non-recurrent and will be spent in 2023/24 where new pressures will emerge. The pressures of short term funds and the increases that need to be applied to wages will call for detailed operational planning and negotiations across our contracts and grants.

Over the coming year we will continue to position ourselves to ensure we meet the existing and emerging needs of young people with a keen eye on the developments of online work and our digital capabilities, the role of arts and culture (and social prescribing) and the necessity to recognise and respond to health, social and economic inequality and the compounding impact on young people’s mental health and wellbeing.

We have also reached a critical moment in terms of the growth of the charity and have redesigned the Management structure to enable agility, adaptation to change and pivoting to changes in investment

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42nd STREET – COMMUNITY BASED RESOURCE FOR YOUNG PEOPLE UNDER STRESS TRUSTEES’ REPORT For the year ended 31 March 2023

Key areas of work for next year include:

Structure and Governance

The Board of Trustees has overall responsibility for the Charity. In conjunction with the Chief Executive and Senior Leadership Team the Board spearheads the strategic direction of the Charity and key budgetary considerations. The Chief Executive with the Senior and Service Management Teams interprets the strategic direction and acts on decisions at an operational level. The Administration and fieldwork teams assist the management team to deliver its operational priorities.

Appointment of Trustees

Members of the Board of Trustees are elected and co-opted according to the Constitution and under the terms of the Memorandum and Articles of Association. The elections on to the Board take place on an annual basis at the Charity’s Annual General meeting. All trustees offer their services as volunteers and do not receive any payment for their time and commitment.

Trustee Induction and Training

On joining the Board new trustees have an opportunity to meet with the Chair / Deputy Chair of the Board and the Chief Executive of the Charity. All trustees receive a Trustees Handbook that contains all relevant documents /policies related to their role as trustees. On-going training and development if required is available external to the organisation.

In 2019/20 we also held a number of Development days for the board in order to strengthen our collective understanding and ways of working.

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42nd STREET – COMMUNITY BASED RESOURCE FOR YOUNG PEOPLE UNDER STRESS TRUSTEES’ REPORT For the year ended 31 March 2023

Key Management Personnel Remuneration

42nd Street pays all staff on the NJC scales, the local government pay scales, which are extensively used in the voluntary sector. The scales are set as a result of negotiations between trade unions (Unite, Unison and GMB) and Local Government Association. 42nd Street pays its entire staff the National Living Wage.

Scales within the service are: (these scales were revised and implemented in 2020/2021)

Caretaker- 7-11 Business Support Officers 7-11 Administration 12-17 Senior Administration 18-25 Mental Health Practitioners 18-28 Senior Practitioners 27-32 Managers 32-38 Senior Managers 40-46 CEO 54-59

All staff increase an increment each year until they reach the top of their scale and newly recruited staff will be offered the scale nearest or slightly higher to their previous salary on receipt of their last wage slip. If their previous salary was higher than the top of the pay scale being offered then the post-holder would be offered the salary at the top of our scale. All decisions are made at a Senior Management Level and decisions about senior management roles would rest with the Trustees.

Responsibilities of the Board of Trustees

All staff increase an increment each year until they reach the top of their scale and newly recruited staff will be offered the scale nearest or slightly higher to their previous salary on receipt of their last wage slip. If their previous salary was higher than the top of the pay scale being offered then the post-holder would be offered the salary at the top of our scale. All decisions are made at a Senior Leadership Level and decisions about senior leadership roles would rest with the Trustees.

Responsibilities of the Board of Trustees

The directors are responsible for preparing the Directors’ Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards) and applicable law.

Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the 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 company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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42nd STREET – COMMUNITY BASED RESOURCE FOR YOUNG PEOPLE UNDER STRESS TRUSTEES’ REPORT For the year ended 31 March 2023

Provision of information to auditors

Each of the persons who are directors at the same time when the Directors’ report is approved has confirmed that;

Public Benefit

Risk Management

42[nd] Street has been managing the risks presented by the pressures on the ICB by scheduling more regular often fortnightly board meetings. The key issues that the board have been focusing on are:

  1. Short-term, non-recurrent funding not being renewed leading to core funding being depleted and new sources of funding needing to be identified and secured in tight timescales to mitigate downsizing/ redundancies and loss of capacity

  2. Understanding the data, outputs and outcomes of the charity in detail to ascertain the impact of reductions on young people and the wider GM health and social care system – producing a comprehensive Equalities Impact Analysis and raising the issues though relevant governance structures

  3. Focusing on service standards to continue to excel beyond local, regional and national expectations e.g. impressive recovery rates, feedback from service-users to strengthen outcomes for young people that need the service more than ever

  4. Ensuring that the charity is unable to respond to and influence the changing external political, funding and health and social care environment and governance and therefore keeping relevant and able to

  5. Focusing on the wider expertise and impact of the charity via The Horsfall., identity based work and social action programme to ensure young people continue to have a voice and 42nd Street’s profile and best practice is recognised locally regionally and nationally

  6. Focusing on non-discriminatory, anti-oppressive, safe and inclusive practice to best support staff and in turn marginalised and disenfranchised young people.

  7. Focusing on internal and external communications to build trust and reciprocity and strengthen the charity’s reputation. reputation

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42nd STREET – COMMUNITY BASED RESOURCE FOR YOUNG PEOPLE UNDER STRESS TRUSTEES’ REPORT For the year ended 31 March 2023

Investment Policy and Performance

The Board of Trustees has considered the most appropriate policy for investing funds and has agreed that it is advisable to keep the funds in a secure form - on deposit at the bank and therefore accept a lower rate of return.

Auditors

Crowe U.K.LLP who have expressed their willingness to continue in office as auditors and a resolution proposing their re-appointment will be submitted to the forthcoming AGM.

Small Company Provisions

This report has been prepared in accordance with the special provisions for small companies under Section 415A of the Companies Act 2006.

This report was approved by the Board of Trustees on 29 November 2023 and signed on its behalf, by:

Ms. E Allen Chair

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Independent Auditor’s Report to the Members of 42nd Street Community Based Resource for Young People under Stress

Opinion

We have audited the financial statements of 42[nd] Street Community Based Resource for Young People under Stress (‘the charitable company’) for the year ended 31 March 2023 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including significant accounting policies. 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 contained within the annual report. The other information comprises the information included in the 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.

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 this gives rise to a material misstatement in the financial statements themselves. 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 our audit

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Independent Auditor’s Report to the Members of 42nd Street Community Based Resource for Young People under Stress

Matters on which we are required to report by exception

In light of the knowledge and understanding of the charitable company and their environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report included within 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 20, 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.

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.

Details of the extent to which the audit was considered capable of detecting irregularities, including fraud and noncompliance with laws and regulations are set out below.

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

Extent to which the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We identified and assessed the risks of material misstatement of the financial statements from irregularities, whether due to fraud or error, and discussed these between our audit team members. We then designed and performed audit procedures responsive to those risks, including obtaining audit evidence sufficient and appropriate to provide a basis for our opinion.

We obtained an understanding of the legal and regulatory frameworks within which the charitable company operates, focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements. The laws and regulations we considered in this context were the Companies Act 2006, the Charities Act 2011 together with the Charities SORP (FRS 102). We assessed the required compliance with these laws and regulations as part of our audit procedures on the related financial statement items.

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Independent Auditor’s Report to the Members of 42nd Street Community Based Resource for Young People under Stress

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which might be fundamental to the charitable company’s ability to operate or to avoid a material penalty. We also considered the opportunities and incentives that may exist within the charitable company for fraud. The laws and regulations we considered in this context for the UK operations were the Charities Act.

Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the Trustees and other management and inspection of regulatory and legal correspondence, if any.

We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, to be within the timing of recognition of income and the override of controls by management. Our audit procedures to respond to these risks included enquiries of management about their own identification and assessment of the risks of irregularities, sample testing on the posting of journals, reviewing accounting estimates for biases, considering revenue recognition based on reviews of underlying grants/contracts, reviewing regulatory correspondence with the Charity Commission and reading minutes of meetings of those charged with governance.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing noncompliance and cannot be expected to detect non-compliance with all laws and regulations.

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.

Michael Jayson Senior Statutory Auditor For and on behalf of Crowe U.K. LLP StatutoryAuditor TheLexicon MountStreet Manchester M2 5NT

Date: 30 November 2023

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42nd STREET – COMMUNITY BASED RESOURCE FOR YOUNG PEOPLE UNDER STRESS STATEMENT OF FINANCIAL ACTIVITIES (incorporating an income and expenditure account) For the year ended 31 March 2023

Note
INCOME
Donations and legacies
2
Other trading activities
3
Investment income
4
Other incoming resources
6
Charitable activities
5
TOTAL INCOME
RESOURCES EXPENDED
Charitable activity
7
TOTAL RESOURCES EXPENDED
NET INCOMING RESOURCES BEFORE
TRANSFERS
Transfers
16
NET MOVEMENT IN FUNDS
TOTAL FUNDS AT 1 APRIL 2022
TOTAL FUNDS AT 31 MARCH 2023		 Restricted
Funds
Unrestricted
Funds
2023
2023
£
£
650
37,546
34,171
22,559
-
8,966
2,220
-
3,825,596
-
3,862,637
69,071
3,708,620
109,341
3,708,620
109,341
154,017
(40,270)
-
-

154,017
(40,270)
1,330,438
815,270
1,484,455
775,000		 Total
Funds
2023
£
38,196
56,730
8,966
2,220
3,825,596
3,931,708
3,817,961
3,817,961
113,747
-
113,747
2,145,708
2,259,455		 Total
Funds
2022
£
58,757
54,989
827
567
3,391,019
3,506,159
3,164,079
3,164,079
342,080
-
342,080
1,803,628
2,145,708

The Statement of Financial Activities includes all gains and losses recognised in the year.

All activities relate to continuing activities.

The notes on pages 30 to 45 form part of these financial statements.

Page 30

42nd STREET – COMMUNITY BASED RESOURCE FOR YOUNG PEOPLE UNDER STRESS BALANCE SHEET Company Registration Number: 2476342 As at 31 March 2023

Note
FIXED ASSETS
Tangible fixed assets
11
CURRENT ASSETS
Debtors
12
Cash at bank and in hand
CREDITORS:amounts falling due within one
year
13
TOTAL ASSETS LESS CURRENT LIABILITIES
CREDITORS: amounts falling due after more
than one year
14
NET ASSETS
17
CHARITY FUNDS
16
Restricted Funds
Unrestricted – Designated Funds
Unrestricted – General Funds		 £
270,810
2,573,780
2,808,590
(987,755)		 2023
£
£
1,115,770
133,962
2,399,986
2,533,948
(798,901)
1,820,835
2,936,605
(677,150)
2,259,455
1,484,455
473,420
301,580
2,259,455		 2022
£
1,114,181
1,735,047
2,532,870
(703,520)
2,145,708
1,330,438
516,811
298,459
2,145,708

These accounts have been prepared in accordance with the provisions of the small companies’ regime within Part 15 of the Companies Act 2006.

The financial statements were approved and authorised for issue by the Trustees on 29 November 2023 and signed on their behalf by:

Ms E Allen Chair

The notes on pages 30 to 45 form part of these financial statements.

Page 31

42nd STREET – COMMUNITY BASED RESOURCE FOR YOUNG PEOPLE UNDER STRESS CASH FLOW STATEMENT For the year ended 31 March 2023

__________________

Cash flows from operating activities
Net cash provided by operating activities
Cash Flows from investing activities
Interest from investments
Purchase of property, plant and equipment
Net cash provided by investing activities
Cash Flows from Financing activities
Repayment of borrowings
Net cash provided by financing activities
Change in cash and cash equivalents in the
year.
Cash and cash equivalents at the beginning of
the year.
Cash and cash equivalents at the end of
the year.
NET CASH FLOW FROM OPERATING ACTIVITIES
Net incoming resources
Interest from investments
Depreciation of tangible fixed assets
Increase in debtors
Increase in creditors
Net cash provided by operating activities
ANALYSIS OF CASH AND CASH EQUIVALENTS
Cash at hand
RECONCILIATION OF NET CASH
Cash in hand and at bank
Bank loan		 £
8,966
(23,330)
(25,795)
(8,966)
21,741
(136,848)
188,279		 2023
£
£
177,953
827
(2,721)
(14,364)
163,589
(24,550)
(25,795)
137,794
2,399,986
2,537,780
2023
£
113,747
(827)
20,677
(4,366)
578,226
64,206
177,953
2023
£
2,537,780
1 April
2022
Cashflow
£
£
2,399,986
137,794
(729,298)
25,795
1,670,688
163,589		 2022
£
935,790
(1,894)
933,896
(24,550)
909,346
1,490,640

2,399,986
2022
£
342,080
593,710
935,790
2022
£
2,399,986
31 March
2023
£
2,537,780
(703,503)
1,834,277

Page 32

42nd STREET – COMMUNITY BASED RESOURCE FOR YOUNG PEOPLE UNDER STRESS NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2023

__________________

1. ACCOUNTING POLICIES

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

1.1 Basis of preparation of financial statements

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 (FRS102) (January 2022) – (Charities SORP (FRS102)), The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Companies Act 2006.

42[nd] Street – Community Based Resource for Young People Under Street (42[nd] Street) 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.

1.2 Company status

The Charity is a company limited by guarantee. The Trustees of the company are the Trustees named on page 1. 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.

1.3 Going concern

The trustees have reviewed the forecasts and budgets for the twelve months to 31 March 2024 formally and at a high level from 1 April 2024 to 30 November 2025 and are confident that the charity is a going concern.

1.4 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund are set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors which have been received by the Charity for specific purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund are set out in the notes to the financial statements.

1.5 Incoming resources

All incoming resources are included in the Statement of Financial Activities when the Charity is legally /contractually entitled to the income and the amount can be quantified with reasonable accuracy.

Income from government and other grants, whether ‘capital’ or ‘revenue’, 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.

1.6 Resources expended

Expenditure is recognised when it is incurred and is reported gross of related income in the following bases:

Cost of generating funds comprises the costs associated with attracting voluntary income and the costs of other income generation.

Charitable expenditure comprises direct expenditure including direct staff costs attributable to the Charity’s activities. Where costs cannot be directly attributed, they have been allocated to activities on a basis consistent with the use of resources as detailed below.

Governance costs include those costs incurred in the governance of the Charity’s assets and are associated with constitutional and statutory requirements.

Page 33

42nd STREET – COMMUNITY BASED RESOURCE FOR YOUNG PEOPLE UNDER STRESS NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2023

__________________

Support costs include the central functions and have been allocated to activity cost categories on the basis of staff time.

1.7 Tangible fixed assets and depreciation

All assets costing more than £250 are capitalised.

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

e following bases:
Fixtures and fittings - 15% p.a. straight line
Office equipment - 25% p.a. straight line
Buildings - 1% p.a. straight line

1.8 Leasing and hire purchase

Assets obtained under hire purchase contracts and finance leases are recognised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the Statement of Financial Activities so as to produce a constant periodic rate of charge on the net obligation outstanding in each year.

1.9 Financial instruments

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

1.10 Operating leases

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the Statement of Financial Activities as incurred.

1.11 Pension contributions

Contributions to defined contribution schemes are recognised in the Statement of Financial Activities in the period in which they become payable.

1.12 Company Information

The charity is a company limited by guarantee (registered number 2476342) which is incorporated and domiciled in the UK. The registered office is The SPACE, 87-89 Great Ancoats Street, Manchester, M4 5AG.

1.13 Charitable activity

The Charity has a single charitable activity in the year. The charitable activity is the support of young people for their emotional well-being and mental health.

1.14 Critical accounting judgements and key sources of estimation uncertainty

In the application of the entity’s accounting policies which are described on pages 30 and 31, the Trustees are required to make judgments, estimates, assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an on-going basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects the current and future periods.

In the view of the Trustees, no assumptions concerning the future or estimation uncertainty affecting assets and liabilities at the balance sheet date are likely to result in a material adjustment to their carrying amounts in the next financial year.

Page 34

42nd STREET – COMMUNITY BASED RESOURCE FOR YOUNG PEOPLE UNDER STRESS NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2023

__________________

2. DONATIONS AND LEGACIES

Restricted
Funds
2023
£
Unrestricted
Funds
2023
£
General donations
470
34,775
Hardship Fund donations
180
-
Kieran Fund
-
2,771
650
37,546
Restricted
Funds
2022
£
Unrestricted
Funds
2022
£
General donations
1,186
57,391
Hardship Fund donations
180
-
Kieran Fund
-
-
1,366
57,391
3.
OTHER TRADING ACTIVITIES
Restricted
Funds
2023
Unrestricted
Funds
2023
£
£
Publication sales
-
85
Consultancy/CSR
9,121
1,517
Mental Health Support
24,570
17,321
Training/workshops fees
200
1,800
Student placements
-
1,726
Room Hire
280
110
34,171
22,559
Restricted
Funds
2022
Unrestricted
Funds
2022
£
£
Publication sales
-
324
Consultancy/CSR
3,115
6,957
Mental Health Support
5075
31,010
Training/workshops fees
-
250
Student placements
-
8,258
Room Hire/Desk Space
-
-

8,190
46,799		 Total
Funds
2023
£
35,245
180
2,771
38,196
Total
Funds
2022
£
58,577
180
-
58,757
Total
Funds
2023
£
85
10,638
41,891
2,000
1,726
390
56,730
Total
Funds
2022
£
324
10,072
36,085
250
8,258
-
54,989

Page 35

42nd STREET – COMMUNITY BASED RESOURCE FOR YOUNG PEOPLE UNDER STRESS NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2023

__________________

4. INVESTMENT INCOME

Restricted
Funds
2023
£
Unrestricted
Funds
2023
£
Interest receivable
-
8,966
Restricted
Funds
2022
£
Unrestricted
Funds
2022
£
Interest receivable
-
827
CHARITABLE ACTIVITIES
Restricted
Funds
Unrestricted
Funds
2023
2023
£
£
Performance Related and Capital Grants
NHS Manchester ICB
1034,714
-
NHS Salford ICB
620,447
-
NHS Trafford ICB
685,992
-
NHS Tameside & Glossop ICB
108,578
-
Fidelity
105,128
-
The Talent Fund
5,000
-
VSNW
20,000
-
Esmee Fairbairn
120,000
-
AIM
21,540
-
Health Education England
107,538
-
Children Society
85,310
-
University of Manchester
550
-
Eric Wright Charitable Trust
57,000
-
Central Manchester Found. Trust
125,000
-
Schools
121,179
-
GM Combined Authority
5,000
-
Geoff Herrington Foundation
8,594
-
GMBOP
88,185
-
GMCVO
20,000
-
Innox Foundation
25,000
-
Lankelly Chase Foundation
16,125
-
Manchester City Council
73,840
-
Oasis Hub Oldham
28,487
-
Paul Hamlyn Foundation
114,300
-
Prince's Trust
4,988
-
Rio Ferdinand Foundation
4,797
-
Salford City Council
43,670
-
The Big Life Group
144,622
-
TOG Mind
(-4,962)
-
Young Manchester
34,974
-
3,825,596
-		 Total
Funds
2023
£
8,966
Total
Funds
2022
£
827
Total
Funds
2023
£
1034,714
620,447
685,992
108,578
105,128
5,000
20,000
120,000
21,540
107,538
85,310
550
57,000
125,000
121,179
5,000
8,594
88,185
20,000
25,000
16,125
73,840
28,487
114,300
4,988
4,797
43,670
144,622
(-4,962)
34,974
3,825,596

5. CHARITABLE ACTIVITIES

Page 36

42nd STREET – COMMUNITY BASED RESOURCE FOR YOUNG PEOPLE UNDER STRESS NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2023

__________________

Performance Related and Capital Grants
NHS Mcr CCG
NHS Salford CCG
NHS Trafford CCG
NHS Tameside & Glossop PCT
NHS Wigan CCG
Trafford MBC
Young Manchester
Healthy Teen Mind
Schools
Innox Foundation
We Love Manchester
Rio Ferdinand Foundation
Tameside, Oldham & Glossop Mind
Salford Community and Voluntary Services
Salford City Council
Garfield Weston
Comic Relief
GMCA
Dept of Health and Social Care
Paul Hamlyn Foundation
GMBOP
Children Society
Health Education England
Eric Wright Charitable Trust
GMCVO
Manchester City Council
AIM
Oasis Hub Oldham
Princes’ Trust
The Big Life Group
University of Manchester		 Restricted
Funds
Unrestricted
Funds
2022
2022
£
£
1,049,189
-
391,492
-
690,412
-
42,012
-
21,053
-
85,000
-
63,339
-
10,000
-
105,492
-
-
25,000
2,000
-
5,273
-
27,015
-
7,000
-
100,000
-
-
75,000
5,000
-
40,000
-
93,083
-
123,000
-
41,457
-
45,000
-
19,752
-
25,000
10,000
30,211
-
34,869
-
27,865
-
28,487
-
9,500
-
144,698
-
13,820
-
3,281,019
110,000		 Total
Funds
2022
£
1,049,189
391,492
690,412
42,012
21,053
85,000
63,339
10,000
105,492
25,000
2,000
5,273
27,015
7,000
100,000
75,000
5,000
40,000
93,083
123,000
41,457
45,000
19,752
35,000
30,211
34,869
27,865
28,487
9,500
144,698
13,820
3,391,019

6. OTHER INCOMING RESOURCES

Restricted Unrestricted Total
Funds Funds Funds
2023 2023 2023
£ £ £
Miscellaneous income 2,220 - 2,220
Restricted Unrestricted Total
Funds Funds Funds
2022 2022 2022
£ £ £
Miscellaneous income - 567 567

Page 37

42nd STREET – COMMUNITY BASED RESOURCE FOR YOUNG PEOPLE UNDER STRESS NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2023

__________________

7. CHARITABLE ACTIVITY

Restricted
Funds
Unrestricted
Funds
2023
2023
£
£
Direct expenditure
- Staff costs
2,934,639
99,516
- Other costs
644,047
9,825
Support costs
- Staff costs
71,962
-
- Other costs
2,538
-
- Governance costs
55,435
-
3,708,620
109,341
Restricted
Funds
Unrestricted
Funds
2022
2022
£
£
Direct expenditure
- Staff costs
2,254,574
155,289
- Other costs
580,827
8,128
Support costs
- Staff costs
91,520
-
- Other costs
5,482
-
- Governance costs
68,159
-
3,000,562
163,517
GOVERNANCE COSTS
Restricted
Funds
2023
£
Unrestricted
Funds
2023
£
Staff costs
47,975
-
Auditors’ remuneration – audit
7,460
-
55,435
-
Restricted
Funds
2022
£
Unrestricted
Funds
2022
£
Staff costs
61,014
-
Auditors’ remuneration – audit
7,145
-
68,159
-		 Total
Funds
2023
£
3,034,155
653,872
71,962
2,538
55,345
3,817,961
Total
Funds
2022
£
2,409,963
588,955
91,520
5,482
68,159
3,164,079
Total
Funds
2023
£
47,975
7,460
55,435
Total
Funds
2022
£
61,014
7,145
68,159

8. GOVERNANCE COSTS

Page 38

42nd STREET – COMMUNITY BASED RESOURCE FOR YOUNG PEOPLE UNDER STRESS NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2023

__________________

9. NET INCOMING RESOURCES

This is stated after charging:

Depreciation of tangible fixed assets:
- owned by the charity		 2023
£
21,741		 2022
£
20,677

During the year no members of the Board of Trustees received any reimbursements of expenses (2022 - 0). No Trustee received any remuneration or benefits in kind.

10. STAFF COSTS, STAFF NUMBERS AND THE COST OF KEY MANAGEMENT PERSONNEL Staff costs were as follows:


Wages and salaries
Social security costs
Pension costs		 2023
£
2,795,027
283,624
75,481
3,154,132		 2022
£
2,287,787
210,236
64,464
2,562,488

The key management personnel of the charity comprise the CEO, Head of Business and Finance Officer. The total employee benefits of the key management personnel of the charity were £176,108. (2022: £ 165,580).

The average monthly number of full-time equivalent employees during the year was as follows:

2023 2022
No. No.
CEO 1 1
Managers 16 16
Senior practitioners 9 6
Fieldworkers/Counsellors 65 57
Administration 8 6
97 86

The number of employees whose emoluments amounted to more than £60,000 during the year was as follows:

2023 2022
£70,001-£80,000 1 1

Page 39

42nd STREET – COMMUNITY BASED RESOURCE FOR YOUNG PEOPLE UNDER STRESS NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2023

__________________

11. TANGIBLE FIXED ASSETS

Leasehold
Building/
Land
Fixtures
& fittings
Equipment
£
£
£
Cost
At 1 April 2022
1,626,134
10,499
65,685
Additions
-
677
22,653
Disposals
-
-
(35,321)
At 31 March 2023
1,626,134
11,176
53,017
Depreciation
At 1 April 2022
525,588
6,993
55,556
Charge for the year
10,711
1,498
9,532
Disposals
-
-
(35,321)
At 31 March 2023
536,299
8,491
29,767
Net book value
At 31 March 2023
1,089,835
2,685
23,250
At 31 March 2022
1,100,546
3,507
10,129		 Total
£
1,702,318
23,330
(35,321)
1,690,327
588,137
21,741
(35,321)
574,557
1,115,770
1,114,181

Included within fixed assets at the year-end are land and leasehold buildings with net book values of £945,835 and £144,000 respectively.

12. DEBTORS

Due within one year:-
Trade debtors
Staff Loans
Cycle to work scheme
Prepayments		 2023
£
268,811
750
876
373
270,810		 2022
£
133,962
-
-
-
133,962

Page 40

42nd STREET – COMMUNITY BASED RESOURCE FOR YOUNG PEOPLE UNDER STRESS NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2023

__________________

13. CREDITORS: Amounts falling due within one year

Bank and other loans
Other creditors
Accruals and deferred income		 2023
£
26,353
106,513
848,889
987,755		 2022
£
25,778
111,300
661,823
798,901

Included within bank and other loans in creditors are balances due to lenders in respect of loans. At 31 March 2023 the balance due is £26,353 (2022: £25,778). The interest on the first loan will be charged at 6% per annum after an initial interest free period of 12 months. The interest on the second loan is a fixed rate of 4.294% per annum. The loans are repayable by regular monthly payments over the terms agreed. The loans are secured by a first and second legal charge over the property located on Great Ancoats Street. There is also a third charge as a result of grant income of £400K provided by Heritage Lottery Fund

The movement on deferred income is as follows:

2023
£
Deferred income brought forward
625,548
Amounts released in the year
(625,548)
Amounts deferred in the year
797,506
Deferred income carried forward
797,506		 2022
£
68,000
(68,000)
625,548
625,548

14. CREDITORS: Amounts falling due after more than one year

Bank and other loans 2023
£
677,150
677,150		 2022
£
703,520
703,520

Included within bank and other loans in creditors are balances due to lenders in respect of loans. At 31 March 2023 the balance due is £677,150 (2022: £703,520). The interest on the first loan will be charged at 6% per annum after an initial interest free period of 12 months. The interest on the second loan is a fixed rate of 4.294% per annum. The loans are repayable by regular monthly payments over the terms agreed. The loans are secured by a first and second legal charge over the property located on Great Ancoats Street. There is also a third charge as a result of grant income of £400k provided by the Heritage Lottery Fund.

15. OPERATING LEASE COMMITMENTS

At 31 March 2023 the charity had future minimum lease payments under non-cancellable operating leases as follows:

2023
Other
£
Within 1 year
Within 2 and 5 years		 2022
Other
£
1,117
558
1,675

Page 41

42nd STREET – COMMUNITY BASED RESOURCE FOR YOUNG PEOPLE UNDER STRESS NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2023

__________________

16. STATEMENT OF FUNDS

Brought Incoming Resources Transfers Carried
Forward Resources Expended in/(out) Forward
£ £ £ £ £
DESIGNATED FUNDS
Kieran Fund 8,430 2,771 (2,403) - 8,788
Projects Continuation Fund 155,889 - (30,372) (36,407) 89,110
Reserve Fund 352,492 - - 23,030 375,522
Subtotal 516,811 2,771 (32,785) (13,377) 473,420
GENERAL FUNDS
General Funds 298,459 66,300 (76,556) 13,377 301,580
Total unrestricted funds 815,270 69,071 (109,341) - 775,000

The Board of Trustees has agreed designated unrestricted funds totalling £473,420 for the following purposes:

Reserve Fund – Identified by the reserves policy, this fund is calculated and agreed by the Board as the appropriate amount to be held from unrestricted funds to manage our financial risks and safeguard our operations and service provisions. This fund has been calculated to reflect the anticipated costs of three months operations if the charity were to discontinue its charitable activities.

Kieran Fund – This is unrestricted funds raised by a community group in memory of Kieran Crump Raiswell and donated to 42[nd] Street throughout the year. The funds are designated to projects and activities agreed with Kieran’s family and spend is monitored separately in order to manage cash flow and create bespoke reports for the family.

Projects Continuation – Fund set aside to mitigate the impact of loss of funding, this year to bridge the gaps in funding for specific projects including Creative, Social Action and Young Practitioners programmes, TC42 and work with Young Black Men and Women, while we try to secure further funding from other sources to continue to delivery these much needed projects.

Page 42

42nd STREET – COMMUNITY BASED RESOURCE FOR YOUNG PEOPLE UNDER STRESS NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2023

__________________

16. STATEMENT OF FUNDS (continued)

RESTRICTED FUNDS
Esme Fairbairn
Horsfall
NHS Manchester ICB
NHS Salford ICB
NHS Trafford ICB
NHS Pennine Care
Other Funding
Fidelity
VSNW
Hardship Fund
Paul Hamlyn Foundation
Geoff Harrington Foundation
Schools
Young Manchester
GMCA
Public Health England Manchester
Integrated Community Response
Public Health England Salford
Duchy of Lancaster
Salford City Council
AIM
Trafford Borough Council
Innox Foundation
Manchester City Council
IAPT Training – HEE/NHS CCG
G M C VO
Eric Wright Charitable Trust
GM Health & Social Care
Partnership
Salford Community and Voluntary
Services
Children Society
Mental Health Support
GMBOP/Pathfinder
Lankelly Chase Foundation
Oasis Hub Oldham
Prince’s Trust
Health Teen Mind
Rio Ferdinand Foundation
Total restricted Funds		 Brought
Forward
£
Incoming
Resources
£
Resources
Expended
£
Transfers
in/(out)
£
Carried
Forward
£
-
100,000
61,117
-
38,883
34,944
34,142
27,637
-
27,637
113,020
631225
622,041
-
122,204
87,474
620,447
574,578
-
133,343
162,063
669,534
521,301
-
310,296
16,771
103,616
102,576
-
17,811

-
105,128
6,342
-
98,786
-
20,000
-
-
20,000
16,796
180
909
-
16,067
27,731
114,300
91,330
-
50,701
-
8,594
8,594
-
-
-
102,219
102,219
-
-
13,957
98,314
101,996
-
10,275
28,553
5,000
32,712
-
841
53,581
144,622
102,967
-
95,236
76,818
396,988
307,978
-
165,828
16,667
-
13,266
-
3,401
1,789
-
1,789
-
-
-
43,670
35,578
-
8,902
15,410
21,540
15,114
-
21,836
59,808
125,000
140,565
-
44,243
-
25,000
25,000
-
-
7,216
10,500
15,562
-
2,154
95,896
107,538
149,527
-
53,907
12,017
20,000
16,017
-
16,000
-
57,000
36,249
-
20,751
403,989
16,458
314,089
-
106,358
4,349
-
4,349
-
-
35,613
85,310
73,843
-
47,080
-
8,270
8,270
-
-
9,489
88,185
90,202
-
7,472
1,638
16,125
10,410
-
7,353
25,230
28,487
29,629
-
24,088
288
4,988
5,265
-
-
286
-
286
-
-
9,045
4,797
13,842
-
-
1,330,438
3,817,177
3,663,160
-
1,484,455

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__________________

16. STATEMENT OF FUNDS (continued)

TRUST / GRANT FUNDING

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INDIVIDUAL GIVING AND COMMUNITY FUNDRAISING

SCHOOLS AND COLLEGES

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__________________

SUMMARY OF FUNDS

Designated Funds
General Funds
Unrestricted funds
Restricted Funds
Total of Funds
SUMMARY OF FUNDS
Designated Funds
General Funds
Unrestricted funds
Restricted Funds

Total of Funds
 Brought
Forward
1 April
2022
Incoming
Resources
Resources
Expended
Transfers
in/(out)
Carried
Forward
31 March
2023
£
£
£
£
£
516,811
2,771
(32,785)
(13,377)
473,420
298,459
66,300
(76,556)
13,377
301,580
815,270
69,071
(109,341)
-
775,000
1,330,438
3,862,637
3,708,620
-
1,484,455
2,145,708
3,931,708
(3,817,961)
-
2,259,455
Brought
Forward
1 April
2021
Incoming
Resources
Resources
Expended
Transfers
in/(out)
Carried Forward
31 March
2022
£
£
£
£
£
415,564
-
(27,022)
142,756
531,298
347,639
215,584
(136,495)
(142,756)
283,973
763,203
215,584
(163,517)
-
815,270
1,040,425
3,290,575
(3,000,562)
-
1,330,438
1,266,976
1,803,628
3,506,159
(3,164,079)
-
2,145,708		 Brought
Forward
1 April
2022
Incoming
Resources
Resources
Expended
Transfers
in/(out)
Carried
Forward
31 March
2023
£
£
£
£
£
516,811
2,771
(32,785)
(13,377)
473,420
298,459
66,300
(76,556)
13,377
301,580
815,270
69,071
(109,341)
-
775,000
1,330,438
3,862,637
3,708,620
-
1,484,455
2,145,708
3,931,708
(3,817,961)
-
2,259,455
Brought
Forward
1 April
2021
Incoming
Resources
Resources
Expended
Transfers
in/(out)
Carried Forward
31 March
2022
£
£
£
£
£
415,564
-
(27,022)
142,756
531,298
347,639
215,584
(136,495)
(142,756)
283,973
763,203
215,584
(163,517)
-
815,270
1,040,425
3,290,575
(3,000,562)
-
1,330,438
1,266,976
1,803,628
3,506,159
(3,164,079)
-
2,145,708
2,145,708

17. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Restricted
Funds
Unrestricted
Funds
2023
2023
£
£
Tangible fixed assets
-
1,115,770
Current assets
1,484,455
1,324,135
Creditors due within one year
-
(987,755)
Creditors due in more than one year
-
(677,150)
1,484,455
775,000		 Total
Funds
2023
£
1,115,770
2,808,590
(987,755)
(677,150)
2,259,455

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Restricted
Funds
Unrestricted
Funds
2022
2022
£
£
Tangible fixed assets
-
1,114,181
Current assets
1,330,438
1,203,510
Creditors due within one year
-
(798,901)
Creditors due in more than one year
-
(703,520)
1,330,438
815,270		 Total
Funds
2022
£
1,114,181
2,533,948
(798,901)
(703,520)
2,145,708

18. RELATED PARTIES

The CE, Simone Spray is a trustee and Deputy Chair at Young Manchester. 42[nd] Street bid for and was awarded a grant from Young Manchester of £126,679 over two years 2021-2023 and a further £34974 was granted in 2022-2023. The decisions in relation to awards made against submitted bids are made by an independent committee that Simone Spray has no influence around; all conflicts of interest are declared to Young Manchester in writing and as part of each board meeting, however Simone Spray recognises that this role results in her being a related party and has therefore declared the interest.

Result Coaching and Training CIC, a company that Hormoz Ahmadzadeh is a Director, was contracted by the charity in 2022 to deliver Equality, Diversity and Inclusion training to the staff team costing £5,100. The decision to contract Result Coaching and Training CIC followed a process where three organisations tendered for the work and the board discussed the merits of each. These discussions did not include Hormoz Ahmadzadeh and the board decided unanimously to contract the company as their skills and insight would be of most value to the charity.”

There are no other related party transactions that need to be disclosed in the financial statements.

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19. FINANCIAL INSTRUMENTS

Group

2023 2022 £

Financial assets measured at amortised cost

Financial liabilities measured at amortised cost

Financial assets consist of cash, trade debtors and other debtors.

Financial liabilities consist of bank loans, trade creditors, other creditors and accruals

20. COMPARATIVE FIGURES BY FUND TYPE YEAR ENDED 31 MARCH 2022

Note
INCOME
Donations and legacies
2
Other trading activities
3
Investment income
4
Other incoming resources
6
Charitable activities
5
TOTAL INCOME
RESOURCES EXPENDED
Charitable activity
7
TOTAL RESOURCES EXPENDED
NET INCOMING RESOURCES BEFORE
TRANSFERS
Transfers
16
NET MOVEMENT IN FUNDS
TOTAL FUNDS AT 1 APRIL 2021
TOTAL FUNDS AT 31 MARCH 2022		 Restricted
Funds
Unrestricted
Funds
2022
2022
£
£
1,366
57,391
8,190
46,799
-
827
-
567
3,281,019
110,000
3,290,575
215,584
3,000,562
163,317
3,000,562
163,517
290,013
52,067
-
-
290,013
52,067
1,040,425
763,203
1,330,438
815,270		 Total
Funds
2022
£
58,757
54,989
827
567
3,391,019
3,506,159
3,164,079
3,164,079
342,080
-
342,080
1,803,628
2,145,708

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42nd STREET – COMMUNITY BASED RESOURCE FOR YOUNG PEOPLE UNDER STRESS DETAILED INCOME AND EXPENDITURE ACCOUNT For the year ended 31 March 2023

2023 2022
£ £ £ £
INCOME
Donations 38,196 58,757
NHS Manchester CCG Grant 1,034,714 1,049,189
NHS Salford CCG Grant 620,447 391,492
Trafford MBC - 85,000
NHS Trafford CCG Grant 685,992 690,412
NHS Tameside & Glossop CCG 108,578 42,012
NHS Wigan CCG - 21,053
Comic Relief - 5,000
Schools 121,179 105,492
Fidelity 105,128 -
Young Manchester 34,974 63,339
Dept of Health and Social Care - 93,083
Health Education England 107,538 19,752
Greater M/cr Centre for Voluntary Organisation 20,000 30,211
Paul Hamlyn Foundation 114,300 123,000
Manchester City Council 73,840 34,869
Garfield Weston Foundation - 75,000
Eric Wright Charitable Trust 57,000 35,000
Central Manchester Foundation Trust 125,000 -
VSNW 20,000 -
Tameside, Oldham and Glossop Mind (4,962) 27,015
Salford City Council 43,670 100,000
AIM 21,540 27,865
We Love Manchester - 2,000
Geoff Harrington Foundation 8,594 -
Lankelly Chase Foundation 16,125 -
Rio Ferdinand Foundation 4,797 5,273
Salford Community and Voluntary Services - 7,000
Greater Manchester Combined Authority 5,000 40,000
Esmee Fairbairn 120,000 -
Children Society 85,310 45,000
GMBOP 88,185 41,457
University of Manchester 550 13,820
Innox Foundation 25,000 25,000
Healthy Teen Mind - 10,000
Oasis Hub Oldham 28,487 28,487
The Big Life Group 144,622 144,698
Prince’s Trust 4,988 9,500
Conferences, training & student placement 4,201 8,508
Mental Health Support 41,891 324
Consultancy 10,638 46,157
The Talent Fund 5,000 -
Other income 2,220 567
Income from cash investments – General 8,966 827
CHARITABLE ACTIVITIES 3,931,708 3,506,159
Cost of generating funds
Direct costs
Staff costs (3,034,155) (2,409,963)
Depreciation and impairment (21,741) (20,677)
Project costs (197,634) (160,373)
Office overheads (16,449) (123,376)
Premises costs (87,554) (93,017)
Other overheads (330,494) (191,511)

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42nd STREET – COMMUNITY BASED RESOURCE FOR YOUNG PEOPLE UNDER STRESS DETAILED INCOME AND EXPENDITURE ACCOUNT For the year ended 31 March 2023

2023
£
£
£
Support Costs
(3,688,027)
Staff costs
(71,962)
(91,520)
Other costs
2,538
(74,500)
(5,482)
GOVERNANCE COSTS
Staff costs
(47,975)
(61,014)
Auditors’ remuneration – audit
(7,460)
(7,145)
(55,435
TOTAL OTHER EXPENDITURE
(3,817,961)
NET INCOME FOR THE YEAR
113,748		 2022
£
(2,998,918)
(97,002)
(68,159)
(3,164,079)
342,080

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