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← 42nd Street - Community Based Resource For Young People Under Stress

2025-03-31-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 2025

42nd STREET LEGAL AND ADMINISTRATIVE INFORMATION For the year ended 31 March 2025

Page
Legal and administrative information 1
Trustees’ report 2 - 28
Independent auditors' report 29 - 32
Statement of financial activities 33
Balance sheet 34
Cash flow statement 35-36
Notes forming part of the financial statements 37 - 56

42nd STREET LEGAL AND ADMINISTRATIVE INFORMATION For the year ended 31 March 2025

Ms E Allen - Chair Mr H Ahmadzadeh -EDI Lead – Resigned 28/07/2025

Trustees Ms E Allen - Chair Mr H Ahmadzadeh -EDI Lead – Resigned 28/07/2025 Ms Vicky Sharrock Mr K Jones Mr William Thomson -Treasurer Natalie Lunn – Appointed 23/06/2025 Christine Bonney – Appointed 23/06/2025 Lucy Tallon – Appointed 23/06/2025 Ms S Spray, Director Senior management Ms C Jacob, Head of Service team Ms K Nyananyo, Head of Service Ms T Gregson/Scott Lauchlan-Ford, Head of Operations and Business Development All members of the Board of Trustees are also directors for the purposes of Company Law.

Company Registered 2476342 Number Charity Registered Number 702687 Registered and Principal Office The SPACE 87-91 Great Ancoats Street Manchester M4 5AG Auditors Crowe U.K. LLP Chartered Accountants St George's House 56 Peter Street Manchester M2 3NQ 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 TRUSTEES’ REPORT For the year ended 31 March 2025

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 2025 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.

Over the course of 2024/25 the charity has co-created a new 5 Year Business Plan with colleagues, partners young people and our Board

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:

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42nd STREET TRUSTEES’ REPORT For the year ended 31 March 2025

Value-Driven Business Objectives

Our Cultural Audit in December/January 24/25 showed that 42[nd] Street has a strong sense of community and a shared set of purpose and values, but we must continually work on evolving this culture. 42[nd] Street recognises that we need to continue to reflect on and understand our organisational strengths and weaknesses and embed cultures of inclusion for our workforce, young people and our wider stakeholders against an ever-changing p(P)olitical and financial geo-landscape. We must strengthen our anti-oppressive practice, increase diversity, challenge oppression and celebrate values-based leadership.

Our Value-driven business objectives will ensure that we have the culture, infrastructure, and enablers required to deliver our vision, mission and social objectives

1. We are welcoming

We recognise the widespread disempowerment experienced by many young people and seek to addresses the health, social, cultural and economic inequalities and inequities that exacerbate this, ensuring that 42[nd] Street is proactive and accountable in doing all we can to make young people feel listened to, valued, included, safe and unique.

2. We promote choice

We ensure that young people feel empowered by having access to meaningful choices throughout their journey of support.

3. We recognise and celebrate diversity

By harnessing the individuality and intentional diversity of our workforce we strengthen quality and outcomes and are reflective and responsive to the needs of our communities.

4. We are collaborative

We serve our wider community as an anchor organisation through collaborative and generous relationships that focus on impact over organisational gain and drive improvements in communication, efficiency, young people’s experiences and shared learning.

5. We are safe, trustworthy and authentic

Transparent and robust monitoring provides the foundation for accountable quality improvement and ensures we are safe, effective and have a reputable voice across sectors and systems.

6. We are curious

A culture of shared learning is supported by an environment where vulnerability feels welcome and results in pioneering work, innovation and research.

7. We are invested in sustainability

Evidence-based decision-making ensures our organisation is effective, efficient and adaptable whilst the responsible use of resources and financial stability invests in the future of our organisation and our community.

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42nd STREET TRUSTEES’ REPORT For the year ended 31 March 2025

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.

Context

Ten years have passed since the publication of Future in Mind, the blueprint for transforming the children’s mental health system. Mind’s national survey in February 2021 revealed that 67% of the 2,438 13–25-yearold young people that they interviewed believed that the pandemic will have a long-term negative effect on their mental health . This includes young people who had been bereaved or undergone traumatic experiences during the pandemic, who were concerned about whether friendships would recover, or who were worried about the loss of education or their prospects of finding work. The Children and Young People’s Mental Health Coalition have continued to lead the system and sector to build a sophisticated and contemporary understanding of the changes and pressures being experienced by children and young people across the system. They conclude that- at the time of writing- the scale of crisis facing the children’s mental health system remains bigger than ever. They cite how the mental health of children and young people has declined in recent years, with one in five children and young people aged 8 to 25 years with a reported mental health problem compared to one in nine in 2017.

The establishment of a new government in Autumn 2024 brought renewed focus on young people’s mental health with a series of commitments pledging to raise the healthiest generation of children and achieve parity of esteem between physical and mental health. 42[nd] Street welcomes these commitments but also recognises that the system needs clear and sustainable implementation plans and accountability measures, supported by a diverse well-resourced, well-trained high-quality workforce. This is all set within the context of major national plans to restructure NHSE and the Department of Health and Social Care and changes around the strategic commissioning role of Integrated Care Boards, the devolved settlement to GMCA and the governance and decision-making infrastructure across Greater Manchester’s 10 Local Authorities, NHS Trusts and the VCSFE.

National proposals to establish Youth Futures hubs have great potential to achieve change, if implemented effectively and in recognition of the psycho-social pressures experienced by young people alongside

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42nd STREET TRUSTEES’ REPORT For the year ended 31 March 2025

diagnosable mental health issues. Success will require a blend of traditional and non-traditional clinical and non-clinical approaches.

42[nd] Street supports the Coalitions recommendations to:

  1. Commission an independent review into the rise in prevalence in children and young people’s mental health that has a statutory footing and appoint a cross-government, cabinet level taskforce on babies, children and young people’s mental health to oversee the delivery of any recommendations made.

  2. Increase investment in children and young people’s mental health services, with a commitment to meet 70% diagnosable need by the end of this Parliament.

  3. Develop a comprehensive children and young people’s mental health workforce plan.

It is now more urgent than ever that we develop cross sector, cross industry responses that transform mental health and wellbeing support for young people bringing partners together from the VCSE, health, social care, education, the creative industries, sport and leisure, businesses and, of course, the young people- the experts- themselves. The existing, complex, solid mental health system with long waits, clinical thresholds and alienating referral processes does not always feel welcoming or accessible for many young people, particularly those that do not identify with it and/or are experiencing cultural, economic and social barriers; they may never find the help that they need.

42[nd] Street has always operated as an effective “safety net” within the wider health, social care and education system, catching and supporting young people that need professional, personalised and relevant support. This generation is navigating a complex world as they transition into young adulthood; with new challenges to negotiate including climate change, global pandemics, identity politics, social media and intersectional discrimination. 42[nd] Street’s plans need to reflect and respond to their experiences, we need to continue to listen to young people themselves and advocate for support that prevents and de-escalates and that is agile, relevant and that works.

Delivery

All of our services and opportunities are delivered either face to face from our purpose-built Hub -The Space, our creative and cultural hub -The Horsfall, in schools, colleges and community venues or online via our bespoke platform- Breathe

The choice of services and opportunities offered can be broken down to the following key activities:

One- to-one Support (face to face or online)

Groups

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42nd STREET TRUSTEES’ REPORT For the year ended 31 March 2025

Anchor Organisation Working

Our buildings and online platform were all designed with young people and reflect our young personcentred approach, complete with “Narniaesque” wardrobe doors to enter out therapy rooms. Our 100+ qualified and experienced team includes social workers, youth workers, artists, counsellors and therapists and includes up to 20 students and trainees on placement. We have a small but dedicated finance, business operations, business information, facilities, marketing and communications and people and culture 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 who might attract a diagnosis of Borderline Personality Disorder (BPD), with Complex Emotional Relational Needs (CERN), Psychosis, Eating Disorder and Bi-polar Disorder. We have particular experience and a national reputation for our expertise in working with young people who might 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 take and use their power, to amplify their voices and by conducting peer research within the organisation and beyond we 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 can 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.

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 illhealth 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

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42nd STREET TRUSTEES’ REPORT For the year ended 31 March 2025

hardship, young people at risk of exploitation, asylum seeking 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, care leavers, young people experiencing kinship care and estranged young people, young people experiencing isolation and loneliness, neuro-divergent young people and young carers.

We have a specific Workforce Development and EDI Manager in our People and Culture Team to support the whole team’s approach to anti-oppressive practice and to explicitly support the onboarding and support of young people and professionals with life and lived experience to contribute towards our charity objectives and diversify and achieve and more representative workforce.

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 Talking Therapy compliant services including Cognitive Behavioural Therapy, Counselling for Depression and EMDR. 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 and number of sessions are decided and contracted with the young person, based on their needs and situation, informed by NICE guidelines. Where young people require additional support in between sessions the practitioners 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- Mental Health Support Teams. 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.

One to one Integrated Community Response Service and Safe Zones

42[nd] Street offers 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 (ICR) service 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). The service was 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 recognises 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”

This model has extended to support young people on the Crisis Care pathways as part of the SafeZones

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42nd STREET TRUSTEES’ REPORT For the year ended 31 March 2025

Teams to support young people stepping down from presentations at A and E and those that are homeless and exposed to the criminal justice system. This year the approach has also been extended to 18–25-yearolds that are experiencing high levels of distress as they enter our core service.

Groups-CONNECT

We offer a variety of therapeutic group work opportunities which include TC42 - a group using the Democratic Therapeutic Community approach, the only of its kind for 18–25-year-olds in the UK Our identity-based groups include a peer support group for young people who identify as women; groupsboth 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 neurodivergent siblings.

42[nd] Street also delivers Nature Connect which uses evidence-based approaches in nature setting to build emotional strength, coping mechanisms, healing 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.

Cloud 42 supports to peer groups of care experienced, estranged and care leavers under and over 18 years – both co-facilitated by care experienced young adults and linked to our wider bespoke pathway for care experienced and estranged young people

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 help 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 16–25year-olds, Q42 project (led by LGBTQ+ young people), Cloud 42 and Crystals (led by care experienced young people and care-leavers); Jet 42 (led by black young men), Rays (led by young black women) and as part of the Youth Combined Authority supporting the Change Ambassadors.

These groups of young people are trained to build on their own experiences and knowledge around young people’s mental health and emotional wellbeing. Young people meet to support one another and to help to shape local, regional and national thinking around service design and public policy. 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 leading the development and delivery of a bespoke pathway at 42[nd] Street , and our peer research with 16-25 year olds resulting in a report called “You’re Helping Me Just by Listening” is now shaping a new commissioning framework across GM/

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 creative and cultural venue and programme-The Horsfall. We explore the transformative power of creativity to support young people’s mental health and wellbeing in its broadest terms. Supporting a Creative Life helps

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42nd STREET TRUSTEES’ REPORT For the year ended 31 March 2025

with processing experiences, realising ideas and amplifying the voices of young people on aspects of life and society that matter to them; 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 whilst developing life-long tools that become protective factors for their futures

Key elements of the work include:

Anchor Organisation -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. In 202425 42[nd] Street continued to deliver capacity building training as part of the Make Manchester Fairer programme across Manchester, led by our Development and EDI Manager and supported by 3 Peer Trainers

Anchor Organisation - 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 TRUSTEES’ REPORT For the year ended 31 March 2025

We are a key partner in the Greater Manchester VCSE Leadership Group that produced the Memorandum of Understanding (MoU) and Accord with the Greater Manchester Combined Authority and the GM ICS. They describe 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 is also a member of the Alternative Provider Collaboration.

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

Key Service Outputs

In 2024/25 4558 young people accessed our services compared with 4205 in 2023/24, with 3733 received direct support in year

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42nd STREET TRUSTEES’ REPORT For the year ended 31 March 2025

15 external training events (e.g. Self-Harm, Trauma, Complex Safeguarding, Working Creatively) attended more than 240 times by sector professionals and partners.

Sessions Sessions Young People Young People
Activity **24/25 ** **23/24 ** **22/23 ** **21/22 ** **20/21 ** 19 /20 24/25 **23/24 ** **22/23 ** **21/22 ** **20/21 ** 19 /20
Screening 1219 1398 1994 1630 886 1077 1637 1431
Engagement
Work		 895 942 748 162 449 374 262 118
Assessment 2448 2931 3367 2184 1171 732 1549 1874 2490 1474 841 523
Counselling
Sessions
(includingCfD)		 3632 2443 3447 2414 2794 3675 457 337 421 327 294 478
Psychosocial 5619 4671 3770 4333 3730 4799 605 461 407 452 417 619
IAPT(CBT) 1681 1629 1879 1541 922 3024 205 215 175 282 252 504
ICR 2652 2178 2302 1940 2117 1232 406 320 189 218 209 353
42nd Street
(EMHP, MHP,
Private)		 3332 4140 3045 4376 1400 1232 437 500 413 564 195 266
Partners
(EMHP,MHP)		 1426 1714 1132 884 2291 3163 184 222 182 100 344 587
Online
Sessions		 1305 1316 1512 2220 2222 298 179 177 184 327 275 72
Horsfall Projects Hours Number of Unique Young
People
Audience
Creative Collective 36 25
Artists in residence 120 6
Artist info 100
Movement in schools 90 50
Barmy army piece – Manchester
international festival		 72 10 Audience 1000+part of
Manchester International
Festival
Transformation project- brain injury
creative session		 3 6 Publication
Student film 16 10 Short film
Queer Collage project 3 4
Stepping stones- Validation
Exhibition showcasing work- title
from the reflection that’s through art
the young people feel validated
where they don’t always in other
activities(Jan 2023)		 25 10 Window display 1000
viewers approx.

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42nd STREET TRUSTEES’ REPORT For the year ended 31 March 2025

Salford university – we support local
students to show work as part of
their courses – they in turn work with
our young people to their work and
practice. Student often also join our
collective(various)
The future is ours 2024
1:1
BeeWell event
Studio time – space for young
people to access Horsfall to
undertake creative work
1 week
exhibition		 30



 Audience
100– gallery attendance
gallery
Online over 10,000
180 6




 Gallery – 262 visitors
250,000 over social media
Approx 500,000 via
billboard and street posters
over 2 weeks
6 200
200 10
Horsfall Exhibitions and Events Number of Unique Young People Audience
Unveiling the canvas 1 50
Crystal – Pop up craft shop 8 25
Stepping stones 10 30
Trans prom 40 Private event
Wigan school – Creating space 10
Young People Commissioned
12 Interns – The future is ours
25 Artists – Design, performance and creation
6 Young people taken on as artists in residence		 Young People Commissioned
12 Interns – The future is ours
25 Artists – Design, performance and creation
6 Young people taken on as artists in residence		 Young People Commissioned
12 Interns – The future is ours
25 Artists – Design, performance and creation
6 Young people taken on as artists in residence
Group Number of
Sessions		 Number of Unique
Participants
Cedar Mount 39 8
Change Ambassadors 30 8
Cloud 42 34 9
Creative Drop In 42 12
Creative Collective 18 25
Crystal 42 37 15
JET 42 29 12
Movement Group 17 8
Music Group 13 4
Nature Group 9 15
Plus 42 21 11
Q42 27 9
Rays 11 5
Rejuvenate OJC 15 18
Resilience Group 8 8
TC42 48 18

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42nd STREET TRUSTEES’ REPORT For the year ended 31 March 2025

Waiting Room Group 35 18
Women’s Group 30 11

Internal Training

Name of internal training Number of training events No of attendees
EDI Training for Management Team 2 32
Attachment Training 3 83
PLM – Sexual assault 1 10
Case Note Recording 2 45
Working with LGBTQ+ young people 3 82
Anti Racism Training 3 84
Social Media 1 20
Seven Eyed Supervision Model Training 2 17
Bitesize ACE’s, Trauma and Young
People		 1 12
Safeguarding Policy and Procedure
Refresher		 3 76
Project Planning Training 1 8
Matrix Management Training 1` 10
Creativity in Practice 1 15

External Training

External Training
Name of External Training Number of Training Events Number of Attendees
Self Harm – Groundwork 1 16
Working with Self Harm 1 20
ACE’s, Trauma and Young
People		 1 6
Social Media 4 38
Working Creatively with Young
People		 4 78
Trauma Training – Nurturing
Foundations		 1 5
Complex Safeguarding 1 15
Dissociation Training 1 16
Self Care 1 5
Trauma Informed Management
training		 2 32
Complex Safeguarding 1 22
Symposium face to face 1 82
Symposium day 2 (online) 1 200
Horsfall Community of Practice 6 180

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42nd STREET TRUSTEES’ REPORT For the year ended 31 March 2025

1 32

1		 33
1 15
1 40

Demographics

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

programmes is shown below.
Area Count 24/25% 23/24% 22/23% 21/22% 20/21% 19/20%
Manchester 2204 59.0 55.7 53.2 54.4 37 48.5
Salford 861 23.1 21.2 22.2 19.1 16.1 27
Trafford 494 13.2 16.9 19.2 19.6 12.8 17.8
Tameside & Glossop 49 1.3 2.4 2.5 4.1 3 3
Oldham 22 0.6 0.8 0.6 0.3 0.2 0
Stockport 31 0.8 1.0 0.6 0.7 0.5 0.1
Bury 17 0.5 0.6 0.6 0.6 0.3 0.2
Bolton 16 0.4 0.5 0.6 0.4 0.3 0.1
Heywood, Middleton and
Rochdale		 22 0.6 0.6 0.4 .0.5 0.2 0.1
Wigan & Leigh 17 0.5 0.2 0.2 0.2 0.1 0.1
Gender Identity Count 24/25% 23/24% 22/23% 21/22% 20/21% 19/20%
Female(includingtrans woman) 2398 64.2 63.9 64.5 66.5 47.5 63.2
Male(includingtrans man) 1011 27.1 26.4 25.6 26.3 20.7 34.9
Unknown 78 2.1 3.3 3.1 2.4 30 0.6
GenderQueer / Non - Binary 96 2.6 2.7 1.6 2.2 1.2 1
Questioning/ Not sure 37 1.0 1.3 1.4 1.1 0.1 0
Prefer not to say 57 1.5 1.3 1.3 0.6 0.3 0.1
Othergender identity 35 0.9 0.7 0.9 0.8 0.2 0.3
Gender Fluid 21 0.6 0.5 0.4 N/A N/A N/A
Age at Referral Count 24/25% 23/24% 22/23% 21/22% 20/21% 19/20%
11-12. 281 7.5 6.9 5.5 5.8 3.4 5.3
13-15. 1583 42.4 40.3 39.0 36.6 25.4 42.7
16-19. 1216 32.6 33.8 34.9 35.5 26 33.8
20-25. 653 17.5 19.0 20.6 21.4 15.6 17.4
Unknown 0 0.0 0.0 0 0.7 29.6 0.1
Ethnicity Count 24/25% 23/24% 22/23% 21/22% 20/21% 19/20%

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42nd STREET TRUSTEES’ REPORT For the year ended 31 March 2025

White British 2345 62.8 64.4 64.3 63.6 46.6 66.9
BAME (Inclusive of White Irish
and other)		 1303 34.9 33.0 31.9 30.2 18.4 25.5
Unknown 78 2.1 2.4 3.4 0 32.4 5.5
Prefer Not to Say 7 0.2 0.2 0.4 2.1 2.5 2.2
Disability Count 24/25% 23/24% 22/23% 21/22% 20/21% 19/20%
Not Disabled 2283 61.2 64.7 62.0 60.6 39 63.5
Disabled 948 25.4 21.2 16.2 15 11.3 16.4
Prefer not to say 339 9.1 10.7 11.0 15.4 9.6 5.5
Unknown 163 4.4 3.4 10.8 8.9 40.1 14.6
Sexuality Count 24/25% 23/24% 22/23% 21/22% 20/21% 19/20%
Heterosexual or Straight 2106 56.4 53.3 51.4 51.8 29.1 43.3
Prefer not to say 563 15.1 19.2 18.4 14.7 4.5 9.4
Unknown 174 4.7 4.5 10.0 12.6 53.1 28.6
Bisexual 394 10.6 11.4 9.7 10.4 6.2 7.6
Other LGBTQ+ 98 2.6 3.3 4.0 3.8 1.8 2.2
Gay 136 3.6 3.6 3.8 3.1 1.4 1.5
Person asked and does not
know or is not sure		 75 2.0 1.7 1.2 2 2.5 6.2
Lesbian 98 2.6 1.4 1.2 1.6 1.4 1.2
Pansexual 39 1 0.7 0.3 N/A N/A N/A
Asexual 15 0.4 0.3 0.1 N/A N/A N/A
Queer(New for 24/25) 34 0.9 N/A N/A N/A N/A N/A
Religion and Belief Count 24/25% 23/24% 22/23% 21/22% 20/21% 19/20%
Unknown 1454 38.9 47.7 65.2 51.8 55 36.7
None 1163 31.2 27.1 20.7 24.9 23.9 33.2
Not Stated 456 12.5 12.5 5.3 12.2 11.6 14.8
Christian 345 9.2 6.8 4.2 5.9 5.4 9.6
Muslim 221 5.9 3.9 2.8 4.1 2.6 3.8
Other 53 1.4 1.3 1.0 0.7 0.7 1.2
Jewish 16 0.4 0.4 0.3 0.4 0.3 0.3
Pagan 8 0.2 0.1 0.2 0.1 0.2 0
Buddhist 1 0.0 0.0 0.1 0.2 0.1 0.2
Hindu 2 0.1 0.1 0.1 0.2 0.1 0.1
Sikh 5 0.1 0.2 0.1 0.1 0 0.1
20/21%
Are you a young carer for a
parent/carer or family		 Count 24/25% 23/24% 22/23% 21/22% 20/21%

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42nd STREET TRUSTEES’ REPORT For the year ended 31 March 2025

members?
No 2707 72.5 87.7 78.5 55 73
Unknown 765 20.5 4.0 15.5 11.6 16
Yes 199 5.3 6.1 4.4 5.4 6
Not Stated 62 1.7 2.2 1.6 23.9 5
RelationshipStatus Count 24/25% 23/24% 22/23% 21/22% 20/21%
Single 2362 63.3 69.8 64.3 7 76.8
Unknown 950 25.4 25.5 31.2 42 10.8
Not Stated 176 4.7 0.7 1.4 50 11.8
Married/Civil Partner 8 0.2 0.3 0.3 0 0.1
Separated 0 0.0 0.0 0.0 0 0
Divorced/Dissolved Civil
Partnership		 0 0.0 0.0 0.0 0 0
Not applicable 237 6.3 3.7 0.0
Experience of Care Count 25/25% 23/24% 22/23% 21/22% 20/21%
Unknown 1903 51 62.6 58.8 67.7 55.3
Not applicable 1723 46 35.6 39.4 30.4 42.5
Care leaver 55 1.5 0.7 0.9 0.7 0.9
In care 39 1.0 0.8 0.7 1.1 1.1
Prefer not to say 13 0.3 0.3 0.2 0.1 0.2
Employment/Education status Count % 23/24% 22/23% 21/22% 20/21%
Unknown 1831 49.0 47.4 63.1 70.4 53.5
School 871 23.3 27.5 17.2 15.2 23.8
Student FE 305 8.2 7.2 5.9 5 7.2
Student HE 213 5.7 5.8 4.5 3.3 4
Employed 188 5.0 4.9 4.3 2.4 3.8
Unemployed 106 2.8 2.8 2.2 1.2 1.9
Not in
education/Employment/Training
(Under 19s / NEET)		 86 2.3 2.0 1.1 0.9 1.4
Alternative Education
Provision(U16)		 62 1.7 1.1 0.6 0.6 2.2
Unable to work/long term
mental health / health /
disability		 52 1.4 0.9 0.5 0.7 1.4
Training 8 0.2 0.4 0.3 0.2 0.4
Prefer not to say 11 0.3 0.1 0.1 0.1 0.2

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42nd STREET TRUSTEES’ REPORT For the year ended 31 March 2025

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 8-10 %. With an overall rate DNA rate of 9% across all areas at all stages of support.

We use nationally recognised, benchmarked Routine Outcome measures, submitted to the National Mental Health Service Data Set (MHSDS). We measure the %age of young people that have shown improvement across paired scores and those that have shown clinically significant improvement and clinical recovery i.e. crossed the clinical threshold In 2024/25:

The average improvement across all of our support is 77%. compared to a figure of 44% demonstrated in a national BACP Study carried out in 2015.

After disengagement, 96% of young people asked would recommend us to friends and family.

Social Media

Platform Impressions(total views) Reach Total Interactions
Instagram
TikTok
Linked In
You Tube
Facebook		 344,953
84,679
16,534
30,400
55,494		 342,864
8,028
53,472		 6,914
85,278
1,595
3,539

Impressions are the total amount of times our content was viewed Reach is the total number of unique accounts that saw our content TikTok reach is based on video views We no longer use X (Twitter)

This was the first full financial year with 42[nd] Street focussed Instagram in addition to The Horsfall.

engagement online.

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 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.

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42nd STREET TRUSTEES’ REPORT For the year ended 31 March 2025

42[nd] Street is contracted to provide mental health services to young people through NHS and Local Authority commissioning arrangements and produce 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

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, PHQ9, ORS, CORS and CHI-ESQ have been integrated into the service to assess the outcomes of individual interventions and the outcomes streamed into the NHS Mental Health Service Data Set (MHSDS)

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, We have also developed comprehensive social media policies and have co-developed our Behaviour and Civility Framework.

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 which also includes a comprehensive and bespoke EDI training plan.

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 and cultural nuance. 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. We have a cross organisational Health and Safety Committee that meets monthly and complete external H and S check and audits annually.

Demand, need and waiting times :

Compared to 2023/24 when the waiting times across counselling and psychosocial services, reduced by c.9 weeks over the year, in 2024/25 we achieved a significant reduction in waiting lists across our core areas. At the end of 2023/24 there were 856 young people waiting for counselling or psychosocial support in Manchester, Salford and Trafford; by the close of 2024/25 this had fallen to 138, an overall reduction of 82%. Psychosocial waiting lists reduced most sharply, with reductions of between 84% and 92% across all three areas, while counselling waiting lists also fell by around 75%. This progress enabled more young people to move from waiting into support

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42nd STREET TRUSTEES’ REPORT For the year ended 31 March 2025

These improvements were supported by a range of measures including, 2 FTE waiting list practitioners employed for 1 year on time limited funds, targeted MMF funding to reach groups of traditionally underserved young people, this enabled them to get support much sooner, the introduction of online booking for assessments, and regular reviews of waiting lists to focus efforts where they were most needed. We also developed a more flexible workforce, with staff able to work across counselling and psychosocial provision and to operate on an area-agnostic basis, ensuring resource could be directed to where demand was highest. Particular attention was given to those waiting the longest, with tailored support around appointment times and dates to help reduce barriers to engagement. Alongside this, we utilised other parts of our offer where support could be provided more quickly, such as Cloud 42 and ICR at the front door, and continued to engage young people on the waiting list through creative opportunities and the Waiting Room Group.”

Key successes

The charity has continued to navigate through a difficult financial and emotional year. We consolidated the reductions in 2024/25 and the team have pulled together to continue to deliver the highest quality of service to young people, stabilise the workforce by attracting and securing new investment and to supported each other with compassion and respect.

Our bespoke pathway – Cloud 42 for care experienced, care leavers, at the edge of care, kinship cared-for and estranged young people from the NHS via Forever Manchester, has enabled us to enact the peer research recommendations from care leavers. The pathway identifies young people as they enter the service to avoid joining long waiting lists. The young people are then offered access to 2 peer support groups for 13-18- years-olds and 18–24-year-olds (Crystals and Clound42) creating a sense of community and fun that results in enhanced confidence, self- esteem, compassion, skills for life, reduced feelings of isolation and improved mental health and wellbeing. The social action, training and creative elements of the group support young people to recognise their power and enhance their negotiation, teamwork and communication skills and to affect change for themselves and others like them. They are also offered immediate short-term psychosocial support to de-escalate and stabilise immediate distressing situations and give young people the tools for self-regulation and safeguarding. Critically, whilst the support is in short-term bites, the young person can form a trusting and longer-term therapeutic relationship with the MHP, self-re-referring when required and checking in at regular intervals and of course attending the group. This will enable them to take more control over their lives, avoid waiting lists and experience positive relationships. Young people also lead the group as paid peer practitioners and trainers where they are part of the wider 42[nd] Street field work team and are encouraged to reflect and learn on their practice through supervision support. They are also be supported to access further paid roles at 42nd Street and across health/social care/education/creative industries, supported by our Development Manager with bespoke training and development plans.

Our Manchester City Council Make Manchester Fairer programme has been externally evaluated in 204/25 which has demonstrated how identity-based support with global majority young people, LGBTQ+ young people and young people from areas of disadvantage in Manchester has reduced their waiting times, improved their outcomes by an additional 15-20% ad created a cost saving across the system of £1.49 for every £1. The capacity building element of this work has also enabled the charity to continue to employ 3 peer trainers and to develop bespoke, relevant training to community groups across Manchester, building the expertise and resilience in communities

The Group work, social action and creative teams have gone from strength to strength over the last year. This has included new projects in secondary schools, national training, strengthening of the Change Ambassadors model. Our broader work with LGBTQ+ young people(Q42), Nature Connects, Rays (for young

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42nd STREET TRUSTEES’ REPORT For the year ended 31 March 2025

black women) and Jet42 (for young black men) have continued to flourish, and we are planning our second National Symposium in May 2025.

Kieran’s getaways have also continued to support groups from the LGBTQ+ community, Orthodox Jewish Community, The Horsfall and Nature Connects

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

In 2023/24 42[nd] Street’s work in schools and colleges continued to demonstrate outstanding results with 75% improvement across 36 schools and colleges as part of the Mental Health in Education Programme and securing individual contracts.

The ICR models has continued to attract cross-sector attention being recognised as a model that can be replicated across the system with outstanding impact for some of our most vulnerable and complex young people, often lost within complex statutory systems and threshold driven services. The Safe Zones programme has been recommissioned and the full team mobilised in 2024/25 ad already demonstrating high impact with young people experiencing high levels of distress and complexity

Our Breathe platform has undergone extensive re-engineering and developments to improve accessibility, interoperability and functionality for young people. We are now in a position to start to support our first organisations across the UK to embed the platform and our learning around good practice and scale the model nationally increasing reach across communities and reaching more young people that may otherwise struggle to access traditional face-to-face support.

Peer Research into the needs of 16–25-year-olds has been incredibly successful reaching over 150 young adults and engaging with professionals across the system in GM and beyond. The Report “You are Helping Me Just By Listening” has been finalised and is set to influence commissioning arrangements locally and policy and practice nationally

Financial Review

42[nd] Streets financial performance in 2024/25 shows a deficit of £387,803 in comparison to last year surplus of £13,888. Total reserves at year end are £1,885,540 made up of £1,057,601 restricted funds and £827,939 of unrestricted funds. Our total income for 2024/25 was £3,983,646 a decrease of £54,443 from previous year £4,038,089.

There was a decrease in income for charitable activities of £40,880 which is mainly attributable to non-recurrent fund from the previous year. Going into the financial year £135,000 was designated from unrestricted fund to mitigate loss of funds from previous year. Of this, £35,000 was used and the remaining £100,000 was topped up to £187,128 going into the next year for the same purpose. In the financial year we received new Funding from Bupa Foundation, Prudence Trust, Talent Fund, Salford City Council and Salford CVS. We also saw funding ended from Esme Fairbairn, Manchester City Council – No Wrong Door project, Greater Manchester Better Outcome Partnership (GMBOP) and Baring Foundation.

Of the total unrestricted fund of £827,939 at year end, the board has agreed designated unrestricted funds totalling £713,702 broken down as below:

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42nd STREET TRUSTEES’ REPORT For the year ended 31 March 2025

specific purposes over the course of the year mainly trips and visits including Kieran’s Getaway residentials. The majority of this is expected to be spent in 2023/24.

This leaves £114,237 of unrestricted as general funds at year-end.

The total fixed asset at year-end was £1,094,035 however there is long term liabilities totalling £618,339, which when offset leaves £475,696 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 £827,939.

The board of trustees has agreed a reserves policy considering 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 £1,209,296. However, as all mental health practitioners, 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 £769,139. Therefore, the charity requires £440,157 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 £92,244

  2. 3 Months Other Core Costs £29,669

  3. Redundancy Costs £298,245

  4. Building Costs £10,000

  5. Miscellaneous Costs e.g. legal fees £10,000

At year end the total net assets of the Charity were £1,885,540. Of this £1,057,601 is restricted funds leaving £827,939 as unrestricted funds. £713,702 of these unrestricted funds is designated for future use and £114,237 as general reserves. The unrestricted reserves are invested in fixed assets for use in the Charity which, when adjusted (total unrestricted £827,939 - total fixed assets £1,094,035) leaves a shortfall in free reserves of – £266,096. 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 that be required. The charity ended the financial year holding over £1.5million in cash and we believe the charity is in a strong position to manage through the current financial pressures.

Fundraising

42[nd] Street does not engage in any public fundraising, we do not employ a professional fundraiser but absorb these duties into the work of the wider team, and in particular the Senior Leadership Team. No person acting on behalf of the charity has been subject to an undertaking to be bound by any voluntary

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42nd STREET TRUSTEES’ REPORT For the year ended 31 March 2025

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

In 2024/25 we anticipate the continued pressures across the NHS and ICS/B to impact on 42[nd] Street as we enter another year of reviews and restrictions. However, our detailed and successful mitigation planning in 2023/24 stands us in a strong position, as we have proved our value to the system, managed the ICB reductions into 2023/24. Arrangements, stabilised the team and continued to achieve our social objectives for and with young people

We are also entering 2025/26 with a significant state of flux in the wider 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, the political and ideological responses of government, increases in National Insurance Contributions and rises in community tension and intolerance that are directly impacting the health wellbeing and safety of our young people amidst wider global political pressures and conflict. Therefore, there are real opportunities and threats to existing operational and financial arrangements across Greater Manchester

Risks to the charity and the wider system as these pressures are addressed include:

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42nd STREET TRUSTEES’ REPORT For the year ended 31 March 2025

Our priorities are :

1. Young People’s Voice and Influence

42[nd] Street has a long and strong reputation for ensuring that young people have a voice and are involved in decisions about their mental health and wellbeing, issues that impact on their lives and the ways in which services are structured and delivered. Decision making is not just a human right but a required ingredient for managing positive health; disempowerment amplifies negative feelings and reduces our ability to manage difficult situations, empowerment builds confidence, self-esteem and self -compassion all of which are required for good mental health and wellbeing- whatever the presentation, diagnosis or treatment. Therefore, we will:

2. Equality, Diversity and Inclusion

42[nd] Street takes our responsibility to making our services and opportunities accessible to all very seriously; we understand that the increasing social, economic and cultural inequalities impact on equity accessibility and inclusion. Therefore, we will:

3. Workforce Development and Quality -

42[nd] Street recognises that our workforce is our most valuable resource, that our culture and reputation is reflected in their actions and behaviours and that the outcomes for young people rely on their dedication, expertise and integrity. Therefore, we will:

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42nd STREET TRUSTEES’ REPORT For the year ended 31 March 2025

4. Research and Evidence –

42nd Street’s robust and compelling evidence base is critical to delivering our Theory of Change; we need to demonstrate the impact of our work using quantitative and qualitive data and intelligence that can be benchmarked and compared with nationally recognised standardised data sets and that reflects the lived experience of young people taking up our support. Our demographic and impact data are critical in supporting us to identify, target and tackle inequities. Our commitment to peer and ethnographic research, working alongside academic’s institutions and driving collaborative approaches is critical for driving innovation and practice and policy change. Therefore we will :

5. Anchor Organisation -

We will:

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42nd STREET TRUSTEES’ REPORT For the year ended 31 March 2025

6. Financial Sustainability

We will:

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 .

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42nd STREET TRUSTEES’ REPORT For the year ended 31 March 2025

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.

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 specific scale agreed with board of trustees in 2014/25

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

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42nd STREET TRUSTEES’ REPORT For the year ended 31 March 2025

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.

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

Reflective of the Charity’s objectives (see Constitution) 42nd Street deploys all of its resources to support young people aged 11-25 years with their emotional well-being and mental health, promoting choice and creativity. We champion young person-centred approaches that demonstrate local impact and have national significance. We offer free and accessible advice, care, advocacy, group work and a creative programme that improves well-being and recovery, increases opportunities for young people to shape their own care and influence change, improves and increases inclusion and accessibility to appropriate services and support whilst increasing awareness and reducing stigma.

The Directors confirm that they have referred to the guidance in the Charity Commission’s general guidance on public benefit when reviewing the Charity’s objectives and aims and in planning future activities for the year.

Risk Management

42[nd] Street has a comprehensive Risk Register with key areas around Finance, Workforce, Quality, EDI and Communications, as well as a focusing on managing the risks presented by the pressures on the ICB. We have scheduled monthly board meetings to manage and mitigate these risks in 2024/25. 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

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42nd STREET TRUSTEES’ REPORT For the year ended 31 March 2025

structures

  1. 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

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

  3. 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

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

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

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 28/11/2025 and signed on its behalf, by:

Ms. E Allen Chair

28

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 2025 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.

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

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

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 24, 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 non-compliance with laws and regulations are set out below.

30

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

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 2022 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.

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 existence and cut-off 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, testing on the posting of journals, reviewing accounting estimates for biases, sample testing 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 non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

31

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

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 Statutory Auditor St George’s House 56 Peter Street Manchester M2 3NQ

Date: 1 December 2025

32

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 2025

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 2024
TOTAL FUNDS AT 31 MARCH 2025		 Restricted
Funds
Unrestricted
Funds
2025
2025
£
£
4,112
61,360
30,402
19,603
-
27,790
292
-
3,840,087
-
3,874,893
108,753
4,268,461
102,988
4,268,461
102,988
(393,568)
5,765
-
-
(393,568)
5,765
1,451,169
822,174
1,057,601
827,939		 Total
Funds
2025
£
65,472
50,005
27,790
292
3,840,087
3,983,646
4,371,449
4,371,449
(387,803)
-
(387,803)
2,273,343
1,885,540		 Total
Funds
2024
£
71,494
48,370
30,756
6,502
3,880,967
4,038,089
4,024,201
4,024,201
13,888
-
13,888
2,259,455
2,273,343

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

All activities relate to continuing activities.

The notes on pages 35 to 52 form part of these financial statements.

33

42nd STREET – COMMUNITY BASED RESOURCE FOR YOUNG PEOPLE UNDER STRESS BALANCE SHEET Company Registration Number: 2476342 As at 31 March 2025

2025 2024
£ £ £ £
Note
FIXED ASSETS
Tangible fixed assets 11 1,094,035 1,098,498
CURRENT ASSETS
Debtors 12 106,175 284,774
Cash at bank and in hand 1,541,040 1,724,861
1,647,215 2,009,635
CREDITORS:amounts falling due within one
year 13 (675,164) (642,593)
NET CURRENT ASSETS 972,051 1,367,042
TOTAL ASSETS LESS CURRENT LIABILITIES 2,066,086 2,465,540
CREDITORS: amounts falling due after more
than one year 14 (180,546) (192,197)
NET ASSETS 17 1,885,540 2,273,343
CHARITY FUNDS 16
Restricted Funds 1,057,601 1,451,169
Unrestricted – Designated Funds 713,702 681,403
Unrestricted – General Funds 114,237 140,771
1,885,540 2,273,343

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 28/11/2025 and signed on their behalf by:

Chair

34

42nd STREET – COMMUNITY BASED RESOURCE FOR YOUNG PEOPLE UNDER STRESS BALANCE SHEET Company Registration Number: 2476342 As at 31 March 2025

The notes on pages 35 to 52 form part of these financial statements.

35

42nd STREET – COMMUNITY BASED RESOURCE FOR YOUNG PEOPLE UNDER STRESS CASH FLOW STATEMENT For the year ended 31 March 2025

__________
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
(Decrease)/increase in creditors
Net cash provided by operating activities
ANALYSIS OF CASH AND CASH EQUIVALENTS
Cash at hand		 _____
£
27,790
(18,011)
(28,332)
(27,790)
22,474
178,599
49,252		 _______
2025
£
(165,268)
9,779
(155,489)
(28,332)
(183,821)
1,724,861
1,541,040
2025
£
(387,803)
222,535
(165,268)
2025
£
1,541,040		 _____
£
30,756
(2,800)
(27,064)
(30,756)
20,072
(13,964)
(803,051)		 ___
2024
£
(813,811)
27,956
(785,855)
(27,064)
(812,919)
1,490,640
1,724,861
2024
£
13,888
(827,699)
(813,811)
2024
£
1,725,861		 __
2024
£
(813,811)

36

42nd STREET – COMMUNITY BASED RESOURCE FOR YOUNG PEOPLE UNDER STRESS CASH FLOW STATEMENT For the year ended 31 March 2025

__________________

RECONCILIATION OF NET CASH

Cash in hand and at bank
Bank loan		 1 April
2024
£
1,724,861
(676,439)
1,048,422		 Cashflow
31 March
2025
£
£
(183,821)
1,541,040
28,332
(648,107)
(155,489)
892,933

The notes on pages 35 to 52 form part of these financial statements.

37

42nd STREET – COMMUNITY BASED RESOURCE FOR YOUNG PEOPLE UNDER STRESS NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025

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 2025 formally and at a high level from 1 April 2025 to 30 November 2026 and are confident that the charity is a going concern. The trustees have been assured and remain confident that the charity’s cash flow would be sufficient to cover the bank loan repayment were it to be requested.

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.

38

42nd STREET – COMMUNITY BASED RESOURCE FOR YOUNG PEOPLE UNDER STRESS NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025

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.

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:

on the 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.

39

42nd STREET – COMMUNITY BASED RESOURCE FOR YOUNG PEOPLE UNDER STRESS NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025

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.

2. DONATIONS AND LEGACIES

Restricted
Funds
2025
£
Unrestricted
Funds
2025
£
General donations
3,765
56,145
Hardship Fund donations
347
-
Kieran Fund
-
5,215
4,112
61,360		 Total
Funds
2025
£
59,910
347
5,215

65,472

40

42nd STREET – COMMUNITY BASED RESOURCE FOR YOUNG PEOPLE UNDER STRESS NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025

2. DONATIONS AND LEGACIES continued

2. DONATIONS AND LEGACIES continued
Restricted
Funds
2024
£
Unrestricted
Funds
2024
£
General donations
1,142
64,102
Hardship Fund donations
180
-
Kieran Fund
-
6,070
1,322
70,172
3.
OTHER TRADING ACTIVITIES
Restricted
Funds
2025
Unrestricted
Funds
2025
£
£
Publication sales
-
-
Consultancy/CSR
18,122
12,828
Mental Health Support
11,080
4,950
Training/workshops fees
600
925
Student placements
-
900
Room Hire
600
-
30,402
19,603
Restricted
Funds
2024
Unrestricted
Funds
2024
£
£
Publication sales
140
13
Consultancy/CSR
5,600
14,880
Mental Health Support
15,090
6,282
Training/workshops fees
125
1,000
Student placements
0
4,540
Room Hire/Desk Space
700
0
21,655
26,715		 Total
Funds
2024
£
65,244
180
6,070
71,494
Total
Funds
2025
£
-
30,950
16,030
1,525
900
600
50,005
Total
Funds
2024
£
153
20,480
21,372
1,125
4,540
700
48,370

41

42nd STREET – COMMUNITY BASED RESOURCE FOR YOUNG PEOPLE UNDER STRESS NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025

4. INVESTMENT INCOME

Restricted
Funds
2025
£
Unrestricted
Funds
2025
£
Interest receivable
-
27,790
Restricted
Funds
2024
£
Unrestricted
Funds
2024
£
Interest receivable
-
30,756
CHARITABLE ACTIVITIES
Restricted
Funds
Unrestricted
Funds
2025
2025
£
£
Performance Related and Capital Grants
NHS ICB
2,222,521
-
NHS Pennine
15,845
-
Bupa Foundation
19,863
-
Eric Wright Charitable Trust
40,000
-
Fidelity UK Foundations
72,317
-
GM Combined Authority
15,000
-
GMBOP
93,386
-
Manchester City Council
480,926
-
NHS England
18,896
-
NHS Stockport Foundations
160,788
-
Oasis Hub Oldham
32,500
-
Paul Hamlyn Foundation
125,840
-
Prudence Trust
238,400
-
Salford City Council
25,000
-
Salford CVS
9,163
-
Schools
116,306
-
Small Grants
12,000
-
Talent Fund
20,000
-
The Proud Trust
36,169
-
TOG Mind
85,167
-
3,840,087
-		 Total
Funds
2025
£
27,790
Total
Funds
2024
£
30,756
Total
Funds
2025
£
2,222,521
15,845
19,863
40,000
72,317
15,000
93,386
480,926
18,896
160,788
32,500
125,840
238,400
25,000
9,163
116,306
12,000
20,000
36,169
85,167
3,840,087

5. CHARITABLE ACTIVITIES

42

42nd STREET – COMMUNITY BASED RESOURCE FOR YOUNG PEOPLE UNDER STRESS NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025

5. CHARITABLE ACTIVITIES (Continued)

Performance Related and Capital Grants
NHS ICB
NHS Pennine
Esmee Fairbairn
Baring Foundation
Health Education England
Children Society
Eric Wright Charitable Trust
NHS Charities Together
Schools
GM Combined Authority
GMBOP
Innox Foundation
Lankelly Chase Foundation
Manchester City Council
Oasis Hub Oldham
Paul Hamlyn Foundation
The Proud Trust
Rio Ferdinand Foundation
TOG Mind
Youth and Play Fund		 Restricted
Funds
Unrestricted
Funds
2024
2024
£
£
2,720,900
-
48,802
-
100,000
-
40,000
-
48,135
-
28,436
-
35,000
-
79,330
-
124,416
-
5,000
-
115,851
-
25,000
-
20,000
-
166,685
-
21,667
-
125,730
-
16,708
-
14,000
-
83,802
-
61,505
-
3,880,967
-		 Total
Funds
2024
£
2,720,900
48,802
100,000
40,000
48,135
28,436
35,000
79,330
124,416
5,000
115,851
25,000
20,000
166,685
21,667
125,730
16,708
14,000
83,802
61,505
3,880,967

43

42nd STREET – COMMUNITY BASED RESOURCE FOR YOUNG PEOPLE UNDER STRESS NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025

6. OTHER INCOMING RESOURCES

Restricted
Funds
Unrestricted
Funds
2025
2025
£
£
Miscellaneous income
292
-
Restricted
Funds
Unrestricted
Funds
2024
2024
£
£
Miscellaneous income
600
5,902
7.
CHARITABLE ACTIVITY
Restricted
Funds
Unrestricted
Funds
2025
2025
£
£
Direct expenditure
- Staff costs
3,490,481
97,807
- Other costs
628,485
5,181
Support costs
- Staff costs
81,110
-
- Other costs
5,312
-
- Governance costs
63,073
-
4,268,461
102,988
Restricted
Funds
Unrestricted
Funds
2024
2024
£
£
Direct expenditure
- Staff costs
3,193,522
93,128
- Other costs
614,014
5,982
Support costs
- Staff costs
63,976
-
- Other costs
1,370
-
- Governance costs
52,210
-
3,925,091
99,110		 Total
Funds
2025
£
292
Total
Funds
2024
£
6,502
Total
Funds
2025
£
3,588,288
633,666
81,110
5,312
63,073
4,371,449
Total
Funds
2024
£
3,286,650
619,996
63,976
1,370
52,210
4,024,201

44

42nd STREET – COMMUNITY BASED RESOURCE FOR YOUNG PEOPLE UNDER STRESS NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025

8. GOVERNANCE COSTS

Restricted
Funds
2025
£
Unrestricted
Funds
2025
£
Staff costs
54,073
-
Auditors’ remuneration – audit
9,000
-
63,073
-
Restricted
Funds
2024
£
Unrestricted
Funds
2024
£
Staff costs
42,651
-
Auditors’ remuneration – audit
9,559
-
52,210
-
NET INCOMING RESOURCES
This is stated after charging:
Depreciation of tangible fixed assets:
- owned by the charity		 Total
Funds
2025
£
54,073
9,000
63,073
Total
Funds
2024
£
42,651
9,559
52,210
2025
£
22,474		 2024
£
20,072

9. NET INCOMING RESOURCES

During the year 0 members of the Board of Trustees received any reimbursements of expenses (20242025). No Trustee received any remuneration or benefits in kind.

45

42nd STREET – COMMUNITY BASED RESOURCE FOR YOUNG PEOPLE UNDER STRESS NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025

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		 2025
£
3,305,366
323,506
88,573
3,717,445		 2024
£
3,022,875
288,192
82,209
3,393,276

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 £193,609. (2024: £185,918).

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

2025 2024
No. No.
CEO 1 1
Managers 15 15
Senior practitioners 9 9
Mental Health Practitioners/Therapists 69 58
Administration 12 12
106 95

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

2025 2024
£70,001-£80,000 1 1

46

42nd STREET – COMMUNITY BASED RESOURCE FOR YOUNG PEOPLE UNDER STRESS NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025

11. TANGIBLE FIXED ASSETS

Cost
At 1 April 2024
Additions
Disposals
At 31 March 2025
Depreciation
At 1 April 2024
Charge for the year
Disposals
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024		 Leasehold
Building/
Land
Fixtures
& fittings
Equipment
£
£
£
1,626,134
8,998
51,080
-
-
18,011
-
(2,719)
(17,215)
1,626,134
6,279
51,876
547,009
6,725
33,979
10,711
658
11,105
-
(2,718)
(17,215)
557,720
4,665
27,868
1,068,414
1,614
24,008
1,079,124
2,273
17,100		 Total
£
1,686,212		 Total
£
1,686,212
18,011
(19,934)
1,684,289		 18,011
(19,934)
587,713

22474
(19,934)
590,253
1,094,036
1,098,497

Included within fixed assets at the year-end are land and leasehold buildings with net book values of £913,703 and £144,000 respectively.

12. DEBTORS

EBTORS
Due within one year
Trade debtors
Staff Loans
Cycle to work scheme
Prepayments		 2025
£
104,800
200
430
745
106,175		 2024
£
281,124
-
3,556
94
284,774

47

42nd STREET – COMMUNITY BASED RESOURCE FOR YOUNG PEOPLE UNDER STRESS NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025

13. CREDITORS: Amounts falling due within one year

Bank and other loans
Other creditors
Accruals and deferred income		 2025
£
467,561
39,241
168,362
675,164		 2024
£
484,242
33,126
125,225
642,593

Included within bank and other loans in creditors are balances due to lenders in respect of loans. At 31 March 2025 the balance due is £467,561 (2024: £484,242). The interest on the first loan is 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:

Deferred income brought forward
Amounts released in the year
Amounts deferred in the year
Deferred income carried forward
14.
CREDITORS: Amounts falling due after more than one year
Bank and other loans		 2025
£
2024
£
17,500
797,506
(17,500)
(797,506)
30,000
17,500
30,000
17,500
2025
2024
£
£
180,546
192,197		 2025
£
2024
£
17,500
797,506
(17,500)
(797,506)
30,000
17,500
30,000
17,500
2025
2024
£
£
180,546
192,197
17,500

2024
£
192,197

Included within bank and other loans in creditors are balances due to lenders in respect of loans. At 31 March 2025 the balance due is £180,546 (2024: £192,197). The interest on the loan is charged at 6% per annum. The loans are repayable by regular monthly payments over the terms agreed. The loan is 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.

15. OPERATING LEASE COMMITMENTS

At 31 March 2025 the charity had future minimum lease payments under non-cancellable operating leases as follows:

Within 1 year
Within 2 and 5 years		 2025
£
1,326
1,242		 2024
£
1,326
2,568

48

42nd STREET – COMMUNITY BASED RESOURCE FOR YOUNG PEOPLE UNDER STRESS NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025

16. STATEMENT OF FUNDS



DESIGNATED FUNDS
Kieran Fund
Projects Continuation Fund
Reserve Fund
Subtotal
GENERAL FUNDS
General Funds
Total unrestricted funds		 Brought
Forward
Incoming
Resources
Resources
Expended
Transfers
in/(out)
Carried
Forward
£
£
£
£
£
12,201
5,215
(4,683)
-
12,733
135,000
-
(35,000)
87,128
187,128
534,202
-
-
(20,361)
513,841
681,403
5,215
(39,683)
66,767
713,702
140,771
103,538
(63,305)
(66,767)
114,237
822,174
108,753
(102,988)
-
827,939		 Brought
Forward
Incoming
Resources
Resources
Expended
Transfers
in/(out)
Carried
Forward
£
£
£
£
£
12,201
5,215
(4,683)
-
12,733
135,000
-
(35,000)
87,128
187,128
534,202
-
-
(20,361)
513,841
681,403
5,215
(39,683)
66,767
713,702
140,771
103,538
(63,305)
(66,767)
114,237
822,174
108,753
(102,988)
-
827,939
713,702
114,237
827,939

The Board of Trustees has agreed designated unrestricted funds totalling £713,702 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 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, LGBTQ+ and work with the Orthodox Jewish Community, while we try to secure further funding from other sources to continue to delivery these much needed projects.

49

42nd STREET – COMMUNITY BASED RESOURCE FOR YOUNG PEOPLE UNDER STRESS NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025

16. STATEMENT OF FUNDS (continued)

RESTRICTED FUNDS
NHS GM ICB
16 + (NHS GM ICB)
Baring Foundation
Bee Heard
Cloud42 – NHS Charities
Eric Wright Charitable Trust
Esme Fairbairn
Fidelity
GM
GMCA
Hardship Fund
Horsfall
IAPT Training – NHS England
Integrated Community Response
Kickstarter – M/cr City Council
LGBTQ+ - The Proud Trust
Manchester MHST – NHS ICB
MHiE T & G – Pennine Care
MMF – M/cr City Council
Nature Group – Bupa Foundation
No Wrong Door – M/cr City
Council
Oasis Hub Oldham
OJC – NHS ICB
Pathfinder - GMBOP
Paul Hamlyn Foundation
Prudence Trust
Safe Zones – NHS ICB
Salford Care
Salford MHST – NHS ICB
Salford YJS
Schools
Talent Fund
TOG Mind – NHS Pennine Care
VSNW
Youth and Play Fund
Total restricted Funds		 Brought
Forward
£
Incoming
Resources
£
Resources
Expended
£
Transfers
in/(out)
£
309,620
1,227,199
1,286,851
-
41,817
41817
31,555
-
31555
29,099
-
29099
67,110
160,788
155173
-
40,000
35,439
48,272
-
48272
38,441
72,317
91840
326,003
-
275261
37,089
1,619
-
1619
13,899
10,348
3235
14,905
49,458
26312
70,361
29,190
78972
(20,579)
183,984
417,745
468699
17,563
116,552
102732
17,759
36,168
53927
7,962
106,279
113534
4,364
15,845
20209
9,145
240,053
248889
-
19,863
238
5,581
30,000
35581
36,108
32,500
33873
9,601
17,500
27101
31,642
93,386
108518
(16,510)
74,173
125,840
120580
-
238,400
81438
51,441
232,517
207440
-
9,163
8422
6,702
106,279
109499
-
25,000
21838
-
94,049
94049
-
20,000
20000
9,463
85,167
85760
10,000
-
10,000
24,798
84,321
93,540		 Brought
Forward
£
Incoming
Resources
£
Resources
Expended
£
Transfers
in/(out)
£
309,620
1,227,199
1,286,851
-
41,817
41817
31,555
-
31555
29,099
-
29099
67,110
160,788
155173
-
40,000
35,439
48,272
-
48272
38,441
72,317
91840
326,003
-
275261
37,089
1,619
-
1619
13,899
10,348
3235
14,905
49,458
26312
70,361
29,190
78972
(20,579)
183,984
417,745
468699
17,563
116,552
102732
17,759
36,168
53927
7,962
106,279
113534
4,364
15,845
20209
9,145
240,053
248889
-
19,863
238
5,581
30,000
35581
36,108
32,500
33873
9,601
17,500
27101
31,642
93,386
108518
(16,510)
74,173
125,840
120580
-
238,400
81438
51,441
232,517
207440
-
9,163
8422
6,702
106,279
109499
-
25,000
21838
-
94,049
94049
-
20,000
20000
9,463
85,167
85760
10,000
-
10,000
24,798
84,321
93,540		 Brought
Forward
£
Incoming
Resources
£
Resources
Expended
£
Transfers
in/(out)
£
309,620
1,227,199
1,286,851
-
41,817
41817
31,555
-
31555
29,099
-
29099
67,110
160,788
155173
-
40,000
35,439
48,272
-
48272
38,441
72,317
91840
326,003
-
275261
37,089
1,619
-
1619
13,899
10,348
3235
14,905
49,458
26312
70,361
29,190
78972
(20,579)
183,984
417,745
468699
17,563
116,552
102732
17,759
36,168
53927
7,962
106,279
113534
4,364
15,845
20209
9,145
240,053
248889
-
19,863
238
5,581
30,000
35581
36,108
32,500
33873
9,601
17,500
27101
31,642
93,386
108518
(16,510)
74,173
125,840
120580
-
238,400
81438
51,441
232,517
207440
-
9,163
8422
6,702
106,279
109499
-
25,000
21838
-
94,049
94049
-
20,000
20000
9,463
85,167
85760
10,000
-
10,000
24,798
84,321
93,540		 Brought
Forward
£
Incoming
Resources
£
Resources
Expended
£
Transfers
in/(out)
£
309,620
1,227,199
1,286,851
-
41,817
41817
31,555
-
31555
29,099
-
29099
67,110
160,788
155173
-
40,000
35,439
48,272
-
48272
38,441
72,317
91840
326,003
-
275261
37,089
1,619
-
1619
13,899
10,348
3235
14,905
49,458
26312
70,361
29,190
78972
(20,579)
183,984
417,745
468699
17,563
116,552
102732
17,759
36,168
53927
7,962
106,279
113534
4,364
15,845
20209
9,145
240,053
248889
-
19,863
238
5,581
30,000
35581
36,108
32,500
33873
9,601
17,500
27101
31,642
93,386
108518
(16,510)
74,173
125,840
120580
-
238,400
81438
51,441
232,517
207440
-
9,163
8422
6,702
106,279
109499
-
25,000
21838
-
94,049
94049
-
20,000
20000
9,463
85,167
85760
10,000
-
10,000
24,798
84,321
93,540		 Carried
Forward
£
249,967
-
-
-
72,725
4,561
-
18,919
87,831
-
21,012
38,052
-
133,030
31,383
-
708
-
309
19,625
-
34,734
-
-
79,433
156,962
76,518
741
3,481
3,162
-
-
8,870
-
15,579
1,451,169 3,777,743 4,171,311 - 1,057,601

50

42nd STREET – COMMUNITY BASED RESOURCE FOR YOUNG PEOPLE UNDER STRESS NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025

16. STATEMENT OF FUNDS (continued)

TRUST / GRANT FUNDING

NHS INTEGRATED CARE BOARD:

51

42nd STREET – COMMUNITY BASED RESOURCE FOR YOUNG PEOPLE UNDER STRESS NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025

Manchester City Council:

INDIVIDUAL GIVING AND COMMUNITY FUNDRAISING

SCHOOLS AND COLLEGES

52

42nd STREET – COMMUNITY BASED RESOURCE FOR YOUNG PEOPLE UNDER STRESS NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025

SUMMARY OF FUNDS

Brought
Forward
1 April 2025
£
Designated Funds
681,403
General Funds
140,771
Unrestricted funds
822,174
Restricted Funds
1,451,169
Total of Funds
2,273,343
SUMMARY OF FUNDS
Brought
Forward
1 April 2024
£
Designated
Funds
473,420
General Funds
301,580
Unrestricted
funds
775,000
Restricted
Funds
1,484,455
Total of Funds
2,259,455		 Incoming
Resources
£
5,215
103,538
108,753
3,874,893
3,983,646
Incoming
Resources
£
6,070
127,475
133,545
3,904,544
4,038,089		 Resources
Expended
Transfers
in/(out)
Carried Forward
31 March 2025
£
£
£
(39,683)
66,767
713,702
(63,305)
(66,767)
114,237
(102,988)
-
827,939
(4,268,461)
-
1,057,601
(4,371,449)
-
1,885,540
Resources
Expended
Transfers
in/(out)
arried Forward
31 March 2024
£
£
£
(45,007)
246,920
681,403
(54,103)
(234,181)
140,771
(99,110)
12,739
822,174
(3,925,091)
(12,739)
1,451,169
(4,024,201)
-
2,273,343

17. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year		 Restricted
Funds
Unrestricted
Funds
2025
2025
£
£
-
1,094,035
1,057,601
589,614
-
(675,164)
-
(180,546)
1,057,601
827,939		 Total
Funds
2025
£
1,094,035
1,647,215
(675,164)
(180,546)
1,885,540

53

42nd STREET – COMMUNITY BASED RESOURCE FOR YOUNG PEOPLE UNDER STRESS NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025

Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year		 Restricted
Funds
Unrestricted
Funds
2024
2024
£
£
-
1,098,498
1,451,169
558,466
-
(642,593)
-
(192,197)
1,451,169
822,174		 Total
Funds
2024
£
1,098,498
2,009,635
(642,593)
(192,197)
2,273,343

18. RELATED PARTIES

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

54

42nd STREET – COMMUNITY BASED RESOURCE FOR YOUNG PEOPLE UNDER STRESS NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025

19. FINANCIAL INSTRUMENTS

Group
Financial assets measured at amortised cost
Financial liabilities measured at amortised cost		 2025
£
1,646,470
825,710		 2024
£
2,009,541
817,290		 2024
£
2,009,541
817,290
817,290

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 2025

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 2024
TOTAL FUNDS AT 31 MARCH 2025		 Restricted
Funds
Unrestricted
Funds
2024
2024
£
£
1,322
70,172
21,655
26,715
-
30,756
600
5,902
3,880,967
-
3,904,544
133,545
3,925,091
99,110
3,925,091
99,110
(20,547)
34,435
(12,739)
12,739
(33,286)
47,174
1,451,169
822,174
1,057,601
827,939		 Total
Funds
2024
£
71,494
48,370
30,756
6,502
3,880,967
4,038,089
4,024,201
4,024,201
13,888
-
13,888
2,273,343
1,885,540

55

42nd STREET – COMMUNITY BASED RESOURCE FOR YOUNG PEOPLE UNDER STRESS NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025

2025 2024
£ £ £ £
INCOME
Donations 65,472 71,494
NHS GM Integrated Care Board 2,222,521 2,720,900
NHS Pennine Care Foundation Trust 15,845 48,802
NHS Charities Together 160,788 79,330
Baring Foundation - 40,000
Bupa Foundation 19,863
Schools 116,306 124,416
Fidelity 72,317 -
Young Manchester - 61,505
NHS England 18,896 48,135
Paul Hamlyn Foundation 125,840 125,730
Manchester City Council 480,926 166,685
Eric Wright Charitable Trust 40,000 35,000
Prudence Trust 238,400 -
Tameside, Oldham and Glossop Mind 85,167 83,802
Salford City Council 25,000 -
Greater Manchester Combined Authority 15,000 5,000
Esmee Fairbairn - 100,000
Children Society - 28,436
GM Better Outcome Partnership 93,386 115,851
Salford CVS 9,163 -
Innox Foundation - 25,000
Miscellaneous Small Grants 12,000 14,000
Oasis Hub Oldham 32,500 21,667
The Proud Trust 36,169 16,708
The Talent Fund 20,000 -
Conferences, training & student placement 3,025 6,518
Mental Health Support 16,030 21,372
Consultancy 30,950 20,480
Other income 292 6,502
Income from cash investments – General 27,790 30,756
CHARITABLE ACTIVITIES 3,983,646 4,038,089

THIS SCHEDULE IS NOT FOR PUBLICATION

56

42nd STREET – COMMUNITY BASED RESOURCE FOR YOUNG PEOPLE UNDER STRESS NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025

Cost of generating funds
Direct costs
Staff costs
(3,588,288)
Depreciation and impairment
(22,474)
Project costs
(152,626)
Office overheads
(14,824)
Premises costs
(99,374)
Other overheads
(344,368)
(4,221,954)
Support Costs
Staff costs
(81,110)
Other costs
(5,312)
GOVERNANCE COSTS
Staff costs
(54,073)
Auditors’ remuneration – audit
(9,000)
TOTAL OTHER EXPENDITURE
NET INCOME FOR THE YEAR		 (3,286,650)
(20,072)
(152,745)
(17,749)
(92,118)
(337,312)
(4,221,954)
(3,906,646)
(63,975)
(86,422)
(1,370)
(42,651)
(9,559)
(63,073)
(4,371,449)
(387,803)		 (3,906,646)
(65,345)
(52,210)
(4,024,201)		 (3,906,646)
(65,345)
(52,210)
(4,024,201)
13,888

THIS SCHEDULE IS NOT FOR PUBLICATION

57