GREATER MANCHESTER YOUTH NETWORK
Financial health, per its FY2024 accounts
The accounts state that the charity reported a deficit for the year of £100,755, resulting in a decrease in total net assets from £294,583 to £193,828. The trustees note that the financial situation reflects a hard year with the end of big contracts and a dip in donations, though they express optimism for the current year's forecast. The charity remains reliant on continuous fundraising and grant applications for its continued operation.
What the accounts disclose
“One employee has employee benefits (gross salary plus employer pension contribution) in excess of £60,000 (2023: Nil).” — page 28
“One employee has employee benefits (gross salary plus employer pension contribution) in excess of £60,000 (2023: Nil).” — page 28
“The Board of Trustees have set a reserves policy which outlines GMYN’s commitment to build free reserves at a level which ensures that a minimum 3 months of GMYN’s core activity could continue during a period of unforeseen difficulty.” — page 7
“Alex Fairweather, the CEO, is related to the sole director of Stomm Ltd (Company number 07590501). The charity incurred expenditure of £3,003 (2023:£3,060) in respect of IT services provided by Stomm Ltd in the year.” — page 28
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Liam Anthony Patrick McDaidchair
- Alexandria Howley
- Claire Louise Stitt
- Elena Vacca
- Faisa Abdirahman
- Helen Elizabeth Taylor
- Sarah-Jane Musique
- Sian Leighton
- Stuart Morris
- eric stelfox
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £1.2m | £1.2m |
| 31/03/2024 | £1.1m | £1.2m |
| 31/03/2023 | £1.2m | £1.2m |
| 31/03/2022 | £1.0m | £1.0m |
| 31/03/2021 | £789k | £762k |
Common questions
Is GREATER MANCHESTER YOUTH NETWORK financially healthy?
The accounts state that the charity reported a deficit for the year of £100,755, resulting in a decrease in total net assets from £294,583 to £193,828. The trustees note that the financial situation reflects a hard year with the end of big contracts and a dip in donations, though they express optimism for the current year's forecast. The charity remains reliant on continuous fundraising and grant applications for its continued operation. Its FY2024 accounts were audited by Third Sector Accountancy Limited.
What does the highest-paid employee of GREATER MANCHESTER YOUTH NETWORK earn?
Per its FY2024 accounts, the highest-paid employee was in the £60,001 - £70,000 band, and 1 employees earned over £60,000.
Who funds GREATER MANCHESTER YOUTH NETWORK?
Funders whose own accounts filings name GREATER MANCHESTER YOUTH NETWORK as a grant recipient include GARFIELD WESTON FOUNDATION, THE HARGREAVES FOUNDATION, THE AUSTIN AND HOPE PILKINGTON TRUST, THE WO STREET CHARITABLE FOUNDATION, EDWARD HOLT TRUST.
Known funders
| Funder | Year | Amount |
|---|---|---|
| GARFIELD WESTON FOUNDATION | FY2024 | £200k |
| THE HARGREAVES FOUNDATION | FY2023 | £29k |
| THE HARGREAVES FOUNDATION | FY2024 | £29k |
| THE AUSTIN AND HOPE PILKINGTON TRUST | FY2023 | £5k |
| THE WO STREET CHARITABLE FOUNDATION | FY2024 | £5k |
| EDWARD HOLT TRUST | FY2025 | £4k |
| ESHARELIFE FOUNDATION | FY2024 | £500 |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| IMPETUS - THE PRIVATE EQUITY FOUNDATION | 1 | £248k |
| THE YOUTH ENDOWMENT FUND CHARITABLE TRUST | 1 | £248k |
| THE BARROW CADBURY TRUST | 1 | £35k |
| CURIOUS MINDS | 1 | £10k |