Finance Score: 0
Governance Score: 6
Support Score: 13
  • Low unrestricted reserves: -2
  • Strong growth: +2
  • Good trustee age range: +3
  • Gender balanced board: +3
  • Overall weighted support: +13
Overall GiG Score: 19 ?

42ND STREET - COMMUNITY BASED RESOURCE FOR YOUNG PEOPLE UNDER STRESS

We are a charity based in Greater Manchester supporting young people (11-25 years) with emotional wellbeing and mental health. We offer a range of individual therapeutic support, learning opportunities, groups and creative activities encouraging young people to find their voice, develop new skills, have fun and manage their mental health and wellbeing to be able to achieve their full potential.
Analysis by Giving is Great

Positives:

  • There has been strong growth in spending over the last 5 years
  • A significant proportion of recent income was derived from major grant makers including the Government
  • The Board appears to be well diversified in terms of age and gender

Regulatory & Governance issues to consider:

  • One or more trustees receive payments or benefits from the charity for providing services to the charity

Financial issues to consider:

  • Unrestricted reserves appear to be dangerously low at the latest year end

Financial Data ?

Income & Spending ?
Sources of Income ?
Y/E Income
£k
Spending
£k
Surplus/
Deficit £k
Fundraising
Cost £k
Total
Funds £k
Unrestricted
Funds £k
Mths
Rsrvs
Staff Volun-
teers
31/03/23*£3,932£3,818£114£0£2,259£7752.4970
31/03/22£3,506£3,164£342£0£2,146£8153.18610
31/03/21£3,717£3,180£537£0£1,804£7632.9760
31/03/20£3,147£2,794£353£0£1,267£5372.3700
31/03/19£2,301£2,087£214£0£914£4362.5550
31/03/18£1,771£1,625£146£0£700£3362.5470
31/03/17£1,829£1,772£57£0£554£2861.9390
31/03/16£1,191£1,124£68£0£497£2883.1340
31/03/15£1,103£1,102£2£39£429£2943.2290
31/03/14£1,084£1,062£22£35£428£2923.3290
31/03/13£952£937£15£30£405£2793.6260
31/03/12£944£969£-25£28£390£3163.9260
31/03/11£1,118£971£147£32£415£1111.4250
31/03/10£987£966£21£28£268£981.2250
31/03/09£915£886£29£27£247£881.2310
31/03/08£919£902£17£25£219£791320
31/03/07£887£995£-108£25£202£951.1250
31/03/06£916£951£-35n/an/an/an/an/an/a
31/03/05£746£738£8n/an/an/an/an/an/a
31/03/04*£726£757£-31n/an/an/an/an/an/a

Financial Ratios
Fundraising Costs/Relevant Income: 0%
Fundraising Costs/Total Spending: 0%
Senior Staff Costs/Total Spending: 2%
Highest pay band: £60,000-£70,000
Liabilities/Assets: 42%
Liabilities/Income: 42%
Unrestricted Funds/Total Funds: 34%
Reserves/Spending: 2.4 months
Net Current Assets/Spending: 6 months
Quick Ratio: 2.6
Asset Split ?
Balance Sheet History
Established: 35 years

www.42ndstreet.org.uk

THETEAM@42NDSTREET.ORG.UK

01612287321

Charity Commission for England and WalesCompanies House
UN SDGs
?
Listed activities
  • General Charitable Purposes
  • Human Rights/Religious Or Racial Harmony/Equality Or Diversity
  • The Advancement Of Health Or Saving Of Lives
GiG Classification
  • Emotional support, counselling or therapy
How it operates
  • Provides advocacy/advice/information
  • Provides buildings/facilities/open space
  • Provides human resources
  • Provides services
Where it operates
  • Bolton, Bury, Manchester City, Oldham, Rochdale, Salford City, Stockport, Tameside, Trafford, Wigan,
Who it helps
  • Children/Young People

Who supports them? ?

Donations from Grant Makers ?

We have details on the following donations. Multi-year donations are allocated to the years for which they are earmarked.

Major supporters in last 5 years
Paul Hamlyn Foundation£360,000
Esmee Fairbairn£220,000
Department of Health£209,638
Garfield Weston Foundation£150,000
Innox Foundation£75,000
Specific Donations
Amount When
Months
To be used for
Esmee Fairbairn - Grant to 42nd Street
£20,000 06/02/2023
Towards unrestricted core costs as a Cost of Living Uplift
Innox Foundation - Grant to 42nd Street
£50,000 25/07/2022
Unrestricted funding for 42nd Street
Esmee Fairbairn - Grant to 42nd Street
£200,000 20/07/2022
Towards project costs of the Horsfall, providing creative, inclusive mental health opportunities for young people to make powerful remarkable art to tackle inequity, influence systems and become the future workforce
Paul Hamlyn Foundation - The Horsefall
£343,000 18/07/2022
Based in Manchester, 42nd Street supports young people with their mental health and wellbeing. This grant will support core staffing and artists fees as part of the continued development of The Horsfall - 42nd Street's dedicated, young ....more
Garfield Weston Foundation - Multi-Year Grant (2 Years) award
£75,000 11/03/2022
24
Core Costs
Community Foundation serving Tyne & Wear and Northumberland - A grant to 42nd Street - Community Based Resource for Young People Under Stress
£1,500 16/09/2021
Supporting the charity's objects
Innox Foundation - Grant to 42nd Street
£25,000 30/05/2021
Unrestricted funding for 42nd Street
Manchester City Council - Covid Impact Fund 2021 grant to 42nd Street
£9,869 01/04/2021
to fund a holistic, targeted group work programme aimed at vulnerable and isolated young people to support them as they negotiate the transition through and out of Covid-19. Priority groups: Young people
Department of Health - 42nd Street
£59,746 01/04/2021
The funded schemes will expand access for children and young people aged 25 and under to local services to support their mental health and provide early intervention for those at risk of mental health problems.The fund will enable these diverse ....more
Garfield Weston Foundation - Multi-Year Grant (2 Years) award
£75,000 12/03/2021
24
Core Costs
Paul Hamlyn Foundation - Make Our Mental Health Rights Reality
£12,000 18/01/2021
42nd Street supports young people with their emotional wellbeing and mental health. This grant will fund the employment and training of peer-activists who will work with young people experiencing social injustice within mental health and social care ....more
Comic Relief - 42nd Street Recovery Funding
£35,753 23/06/2020
6
COVID19 Recovery funding
DCMS - VSCE CMC Fund
£29,274 20/05/2020
NET, Comic Relief and Children in Need will use this funding to provide: increased support to vulnerable people and hidden groups, thus reducing the burden on public services; reach local grassroots and small organisations who can provide an ....more
Department of Health - 42nd Street
£149,892 28/04/2020
Competitive Grants Scheme on the extension of existing MH services for children and young people.BAU Yr2 of 3 - changed to S70 for 20/21 (Yr 1 was s64)
Paul Hamlyn Foundation - Make Our Mental Health Rights Reality
£5,000 16/03/2020
42nd Street supports young people with their emotional wellbeing and mental health. This mini-grant supports the employment and training of peer-activists who will work with young people experiencing social injustice within mental health and social ....more
Paul Hamlyn Foundation - Make Our Mental Health Rights Reality
£99,000 03/09/2019
24
To employ and train peer-activists who will work with young people experiencing social injustice within mental health and social care systems, devising campaigns to address this.
Department of Health - HWB- CYPMH Fund 19/20- 42nd Street
£299,814 01/04/2019
The Health & Wellbeing Alliance consists of 21 organisations from the Voluntary Community and Social Enterprise (VCSE) sector. These organisations engage in intensive co-production with system partners on emerging policy priorities, as well as ....more
Paul Hamlyn Foundation - Creative Agents of Change
£322,000 13/03/2019
48
42nd Street is a Manchester based charity that supports young people with their mental health and wellbeing. This grant will support the organisation to develop the Horsfall arts programme and to integrate this initiative into 42nd Street’s wider ....more
DCMS - Women Side by Side
£9,996 04/02/2019
42nd Street has been developing our learning and revising our response to trauma following the MEN arena attack on May 22nd 2017. We need to strengthen and structure the peer support offer available to vulnerable young women that have experienced ....more
BBC Children in Need - Grant to 42nd Street
£79,850 23/10/2018
24
This grant will fund weekly support and skills sessions, as well as an online digital safe space for LGBT young people; this will give them access to safe spaces and enhance their skills and self-confidence.
Trafford Housing Trust Social Investment - Gift Shop Trafford
£39,556 07/08/2018
24
Gift Shop offers young people aged 16- 25 in the local community the opportunity to explore ideas around wellbeing, what makes them feel good and how this can be translated into developing self- care and gifts for themselves and others. Young people ....more
Comic Relief - Film 42
£150,000 28/03/2018
36
42nd Street will work in Greater Manchester with Survivors Manchester and TIPP, to co-create short films with young black men aged 16-20 who are in the criminal justice system. The films will then drive 2 significant changes: one engaging more young ....more
Co-Op Foundation - MEN Arena Response
£50,000 17/08/2017
Equipping local community groups in Greater Manchester with the skills and confidence to support young people who have experienced trauma following the Manchester Arena attack in May 2017.
National Lottery Community Fund - VCSEs Post Arena Community Resilience
£50,000 14/08/2017
12
This project will support the emotional wellbeing and mental health of young people directly and indirectly affected by the Manchester Arena attack on the 22nd May 2017. It will support and bring together the wider community to better respond to the ....more
MACC - 3rd Sector IAPT Engagement and Efficiencies Project
£10,000 09/12/2016
The project will employ an Engagement Practitioner to tackle identified barrier-issues directly; a qualified, experienced mental health practitioner, based at 42nd Street, will review the cases of young adults waiting for support a 42nd Street, both ....more
LandAid Charitable Trust - Renovation to expand mental health support services
£100,000 24/02/2015
13
Renovation of an adjacent disused 3-storey former shop to extend premises to enable the charity to meet demand and work with a larger number of young people experiencing mental health problems.
National Lottery Heritage Fund - Grant to 42nd Street
£641,300 09/12/2014
The Horsfall Space
Trafford Housing Trust Social Investment - 42nd Street's Creative Engagement Programme (16-25year olds)
£8,300 05/12/2014
42nd Street will bring our successful model of working with high quality artists and experienced mental health practitioners together to engage with specific target groups of young people and young adults, raising their awareness of mental health ....more
Lloyds Bank Foundation - Grant to 42nd Street - Community Based Resource for Young People Under Stress
£24,000 27/09/2013
42nd Street provides a range of support services to young people under stress between the ages of 13-25 living across Manchester Salford & Trafford. Services include counselling, individual support, group work and volunteering opportunities.
National Lottery Heritage Fund - Grant to 42nd Street
£85,700 04/07/2013
A Different Spirit
Henry Smith Charity - Grant to 42nd Street
£132,600 17/10/2012
36
towards three years' salary of a specialist mental health practitioner to support young people in Manchester with learning disabilities and mental health issues
Show more rows

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (8)
Current Trustees appointed
Gender Split

Age Range of Trustees: 35-56
  • ELIZABETH ALLEN (Chair) Appointed: 2012, Occupation: Company Director
  • HARRIET GIBSON Appointed: 2012, Occupation: Student
  • HORMOZ AHMADZADEH Appointed: 2019, Occupation: Director At Result Cic
  • KEVIN JONES Appointed: 2014, Occupation: Partnership Director
  • MS NIKKI NAZRAN Appointed: 2017, Occupation: N/A
  • ROXANNA LOCKE Appointed: 2018, Occupation: Director
  • VICKY SHARROCK Appointed: 2018, Occupation: Public Sector Manager
  • WILLIAM GARDNER THOMSON Appointed: 2021, Occupation: Investment Manager
Legal constitution
  • Charitable company registered in England & Wales on 21/03/1990, number: 702687
  • Registered at Companies House on 02/03/1990, number: 02476342
Gift Aid
  • Registered with HMRC for Gift Aid
Policies in force
  • Bullying and harassment policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Paying staff
  • Risk management
  • Safeguarding policy and procedures
  • Safeguarding vulnerable beneficiaries
  • Serious incident reporting policy and procedures
  • Social media policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
  • Volunteer management
Filing Record
20 returns made; AR23: 2 days late, AR04: 46 days late,
Main office

42nd Street
89-91 Great Ancoats Street
MANCHESTER
M4 5AG

Objectives

TO PROVIDE ADVICE, CARE, SUPPORT AND ADVOCACY TO YOUNG PEOPLE AGED BETWEEN 11 TO 25 YEARS WHO ARE EXPERIENCING MENTAL AND EMOTIONAL STRESS AND DISTRESS AS A RESULT OF PROBLEMS ARISING FROM THEIR YOUTH, IDENTITY, SOCIAL OR ECONOMIC CIRCUMSTANCES; IN PARTICULAR BY THE PROVISION OF QUALITY SERVICES THAT PROMOTE THEIR INCLUSION IN SOCIETY AND ENABLE THEM TO PARTICIPATE FULLY IN SOCIETY AS CITIZENS.TO PROVIDE INFORMAL EDUCATION AND SUPPORT TO THESE GROUPS OF YOUNG PEOPLE SO AS TO NURTURE AND DEVELOP THEIR PHYSICAL, EMOTIONAL, MENTAL AND SPIRITUAL WELL-BEING IN ORDER THAT THEIR CONDITIONS OF LIFE MAY BE IMPROVED.

Defined Area of Benefit:

NOT DEFINED

Data Sources

Charity Commission for England and Wales
360 Giving

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