o@vo@w ANO AC¢OUN1 MANCHESTER Ullllllll, A8DNBL9C• 301Q912022 COMPANIES HOUSE A24 #207 Contents Click on a headin9 to skiptothai page 01 Chair's Statement 02 2021 at a Glance 03 Chief Executive Statement 04 Reference and Administrative Details 05 The Manchester Pride Charity 06 What we deliver and it's public benefit 07 Legal Status and Governing Documents 08 Trustees 09 Organisational Structure 10 Our Employees 11 Manchester Pride Festival 12 Pride in our Future 13 All Equals Charter 14 Skillshare Workshops 15 Superbia 16 Youth Pride MCR 17 Volunteers 18 Grant Giving 19 Financial Review 20 Risk Management 21 Statement of Trustees Responsibilties 22 Consolidated Financial Statements for the year ended 31 December 2021 01 Chair's Statement Dear Supporter, I'm one of those people who believe things happen for a reason. Sometimeswe have a hand in events. sometimesthey are thrust upon us. and sometimes it's a combination of the two. But regardless of how they happen. circumstances can teach us something and ultimately help us to be better. That for trustees was the hallmark of 2021. We started the year with a COVID hangover. Like everyone and all organisations we continued to navigate the pandemic. The vaccine programme was still in its infancy and that meant very real questions remained about when. and if. the live events sector would return. Pride will always be a protest but the stark reality for our charity is that most of our funding comes from the successful delivery of the Manchester Pride Festival weekend - an event which relies upon our ability to create moments that bring large numbers of people together safely. Fortunately tests run by the events sector in Liverpool paved the way for the festival to return. albeit, with some important and necessary COVID related modification& We needed to create a space that was safe for people to gather, which wa5 COVID compliant and offered everyone a degree of security and reassurance. So that meant COVID passportchecksto get intothe Gayvillage Partyand MCFI Pride Live. It also meant parts of the programme had to be temporarily changed or suspended- like the parade. It was a great disappointment to the whole charity notto be able to put on the parade in all its usual glory. COVID aside, it was good to see the Augu￿ Bank Holiday festivitip.% take place. It was good to be able to welcomethousands of people to Manchester citycentreto be out and proud and for Manchester to be awash again with rainbow colours. But when you strip it back. Pride is always about community- whether that's 10 people or10,000. And in 2021 we heard all the diversevoices and views ofthe communityspeak up loud and clear. O'O Chair's Statement We had got thingswrong. Yes. we had brought backthe AugLJSt Bank Holiday weekend festivities, but things no longer felt right_ The charity had become disconnected from the community. The decisions we made around the funding of good causes likethe LGBTFoundation'scondom and lube Scheme and Geor9e House Trust disappointed you. We weren't open enough" we weren't communicating in the right way. This very clear feedback gave us the opportunity to improve and better deliver on your expectations. We kicked off our largest listening programme in more than a decade. Called Pride in Our Future. the review lasted from early Autumn until the end of 2021 and assessed the format of the August Bank Holiday festival and our role in giving money to good causes. Trustees look forward to seeing the results of the consultation in early 2022 and working with the team to respond to your views and aspirations. Pride belongs to us all and we are merely the humble custodians of that spirit for the future. That's why trustees hope Pride in Our Future will mark the beginnings of more co-creation, more transparency and more listening toyour needs. As always. our charity could not do what it does without you. To those people who champion us, hold us to account and aspire for us to be better. thank you. To our amazing team led by Mark. trustees offer a special thanks for your continued hard work and smiles. Supporters, this is our review and accounts for the 2021 financial year. With best wishes. Paul Wheeler. Chair ofrhe Board of Trustees I'¢T" LARGE SCALE. It PERSOkl PRIDE EVEhlT IW THE COUbJTRV, POST PAKDEf41C TRAONED fA VELt 25 Èg VOLQDSQTEERS EMBARKED BIGGEST CONSULTATION OUR COMMUNITIES IN YEARS PLEDGED PARTNER CHARITIES 05 Chief Executive Statement Living through a time of such uncertainty I feel incredibly proud that Manchester was able to fly the flag for LGBTQ+ communities. Our celebration was the first large-scale UK Pride event to take place post-pandemic. Despite an optimistic start to Ihe year it was unclear whether we'd have to postpone all of our in person events again. so it was to our delight that we could deliver a programme of events that allowed our cornmunitiesto come together in person. However, I was also saddened by the unrest that stemmed from us not being as clear aswe had intended surrounding some of the decisions that our organisation had to make. As we returned from the pandemic it was clear that some of the priorities of our communities had shifted and we were unable to respond to this as quickly a5 we would have liked. Es*ntially, this meant that we got some things wrong and we're sorryforthis. We've always strived to be representative of all our communities, however the last year has made it clearer than ever that our communities are not homogenised and our needs are ever evolving. Manchester Pride has a dutyto ensure we can adapt to those ever changing needs so we can deliver events and initiatives that our communities can continue to be proud of. Whilst operationally the landscape was constantly changing, our team implemented strategies for survival whilst also introducing innovations to safely deliver the Manchester Pride Festival. with the ongoing threat of COVID-19 spoiling the best laid plans. During the planning stages for the festival we recognised that Greater Manchester LGBTQ+ artists and performers were in nee(1 ofsupport to maintain their careers after a time when live shows and large gatherings weren't possible. t)espite the challenges of the pandemic ourteam implemented a fundraising strategy which enabled usto deliver the first post pandemic large scale event to take place in the City. Thisyear's Gay Village Party saw an all queer linfrup, providing a platform for Manchester's incredble local talent. We'd like to say thanks to all of our supporters. donors and sponsor5 Wlthnut whom our festlvdl would not have been possible. An extra thanks goes to the headline Sponsor for Manchester Pride Festival.. Virgin Atlantic. At a time when it was not possible to fly freely and whilst they were facing the instability of the air travel industry, Virgin Atlantic stood by us cementing their commitment to supporting Manchester Pride as we continued to spearhead the Pride movement. 3 Chief Executive Statement After the festival, we embarked on the biggest consultation with Greater Manchester'sLGBTQ+ communities since the start of my tenure. We adapted the way we communicate and set out to provide as many opportunities as possible for people to have their say on the future of the Charity and the format of the Festival. Thank you to everybodywho took part in the consultation. One last shout out I'd like to make isto our dedicated group of passionate volunteers. Thank you for supporting us. we couldn't do this without you. Mark Fletcher. CEO, Manchester Pride 4 Reference and Administrative Details The Trustees. who are also directors for the purpose of company law. have pleasure in presenting their report and the financial statements of the group for the year ended 31 December 2021. REGISTERED CHARITY NAME Manchester Pride Limited CHARITV REGISTRATION NUMBER 1117848 COMPANY REGISTRATION NUMBER 04671318 REGISTERED OFFICE Manchester One 53 Portland Street Manchester MI 3LF THE TRUSTEES The Trustees who served the Charity during the year to the date of signing the Trustees Annual Report were as follows: M Lawlor V Empson T Westwood (appointed 24 March 20211 S Pegg lappointed 24 March 2021} T Adebayo (appointed 24 March 2021} M Unsworth S Bowen Rjoshi Malcomson P Wheeler S Crocker Iresigned 15 December 20211 B Scott (resigned 24 March 20211 Reference and Administrative Details KEY MANAGEMENT PERSONNEL CHIEF EXECUTIVE OFFICER M Fletcher HEAD OF EVENTS M Lever HEAD OF ENGAGEMENT F Hemani INDEPENDENT AUDITORS Hurst Accountants Limited Chartered Accountants Statutory Auditors Lancashire Gate 21 Tiviot Dale Stockport SKI IT BANKERS National Westminster Bank PIC Spring Gardens Manchester M2 IFB SOLICITORS DLA Piper I St. Peter's Square Manchester M2 3DE 05 The Manchester Pride Charity Who we are Manchester Pride is one of the UK'S leading LGBTQ+ charities. We create opportunities to uplift queer communities and bring people together to celebrate LGBTQ+ life, while also campaigning for equality and inclusion across Greater Manchester. How we operate Manchester Pride is a charity, this means we are registered with The Charity Commission. and operate exclusively for charitable purposes. In orderto register with The Charity Commission we had to meet a fixed criteria. In England and Wales, a charity is an organisation that is= Established for charitable purposes only. and Subject to the High Court's charity law jurisdiction Defined as a charity in the Charity Act 2011 Purposes are what the charity is set up to achieve- they are explained in our governing document. To be charitable. a charity's pupose must Fall within the descriptions of purposes Be for the public benef it Like many charities, we get our income from a variety of sources, including donations, some grants, and through the delivery of Manchester Pride Festival. Manchester Pride receives no direct operational funding from Manchester City Council. Manchester Pride, similarly to many other charities, operates as a limited company. So, when you see reference to Manchesrer Pride Limited. that means the charity. It is common for charities to have trading companieswhich generate income (it's how many ofthe charity shopsyou see on the high street operatel. In the case of Manchester Pride. our trading company doesn't run shops. it runs a four-day festival celebrating LGBTQ+ life. In the case of Manchester Pride Ithe charity and limited company). we have a subsidiary trading company too, called Manchester Pride Events Ltd. Like Manchester Pride Ltd. Manchester Pride Events Lrd is a not-for-profit company. This company is registered with Companies House, is fvlly audited and iswhat is called a 'wholly-owned subsidiary,. That means any surplus generated bythe company is given directlyto the charity which owns it and no other entity profits from its work 0)5 The Manchester Pride Charity Manchester Pride Events Ltd organises the Manchester Pride Festival for the charity. All staff work for the charity to deliver its charitable goals. The delivery of the Manchester Pride Festival is one of our mosi imFX)rtant charitable objectives.. it is a celebration of LGBTQ+ life in Greater Manchester and exists to campaign for greater LGBTQ+ equality both at home and abroad. It is also our biggest source of income which supports us to deliver all of our other charitable objectives. Our Charity Goals Campaign for advancements of LGBTQ+ equality at home and abroad. Stage a world class celebration of LGBTQ+ life in Greater Manchester. Raise awareness of, and Make packages of support for, the mental support, including grants, health of LGBTQ+ available for LGBTQ+ people. coiiirTiunities groups, organisations, events and good causes in Greater Manchester. av IV, What we deliver and its public benefit There are many ways Manchester Pride as a charity delivers a public benefit and its charitable objectives. The most visible and famous is the delivery of the Manchester Pride Festival. The Manchester Pride Festival is a four-day programme of events across August Bank Holiday which provides a veryvisible wayfor LGBTQ+ people to be out and proud in Manchester. The Manchester Pride Festival and Manchester Pride Charity are one and the same. The Manchester Pride Festival is delivered for the charity by its wholly owned and not-for-profit subsidiary company, Manchester Pride Events Ltd. The Manchester Pride Festival is the principal way bywhich Manchester Pride as a charity can deliver its charitable goals. as an organisation designed to help celebrate LGBTQ+ life and campaign for inclusion and equality across the city-region. Why is celebrating LGBTQ+ life an important charitable objective? The Manchester Pride Festival is'party as protest.. Manchester Pride is part of the global LGBTQ+ liberation movement. celebrating queer people. culture and expression as loudly and publicly as possible in a refusal to hide in shame. As a large-scale social movement. Pride has grown exponentially in its S0+ year history in the aims of a movement for LGBTQ+ liberation. Greater Manchester has played a pivotal role in this and continues to do so today. from the anti-section 28 march in 1988 to the campaigning and fundraising Manchester Pride undertakes year round. We live in an overtly heteronormative and cisnormative world., a world which assumes that everyone is heterosexual and cisgender until stated otherwise. Historically, queer people were not seen as'less normal'than cisgenderand straight people, but rather they were off the scale of 'normal' entirely. If someone was to dare identify as LGBTQ+ then they were some sort of deviant, sick. predatory pervert and therefore a threat to civil isation, tradition (like marriage). children. and society as a whole. These ideas of queer people pushed the LGBTQ+ community into the darkest margins of society, ostracising, silencing and erasing them wherever possible. We've come a long way, but the fight for queer liberation is far from over. With a rise in anti-LGBTQ+ hate crimes, rheroric and legislation. it is more vital than ever that the Pride movement remains focused on fighting for a world where LGBTQ+ people are free to live and love without prejudice. 06 What we deliver and its public benefit The Manchester Pride Festival is a chance for us to draw attention to the issues facing LGBTQ+ people. show the World the vibrancy queer culture has to offer wider society. while also elevating and providing paid work to talented queer and diverse artists, performers and producers from Greater Manchester and beyond. Procure services supplies LGBTQ+ businesses Manchester Festival instrumental economic impact Upskill people tr,aining volunteers LGBTQ+ allies ty:'i Legal Status and Governing Documents Manchester Pride is a company limited byguarantee, charity registration number 1117848and company number 04671318.The Charity is governed by the Memorandum and Articles ofAssociation for the incorporated company as lasr amended on 19 December 2006. The directors of the charitable company are its trustees for the purpose of chaTIty law and through this report are collectively referred to as the trustee& The governing documents instruct the trusteesto act in a way to promote the objectives of the Charity. 00 Trustees Manchester Pride has worked hard to reflect the diversity of its community on its trustee board. Thanks to a concerted recruitment effort. we are privileged to have tfustees from different backgrounds. genders, ethnicities. sexual orientations, gender identities and political persuasions. In March 2021 following an open recruitment process. the Board was pleased to appoint three new trustees.. Tim Westwood - A consultant and experienced non-executive director. His work focuses on Human Rights and tackling injustices and inequalities. Sharon Pegg- Company director and HR consultanr specialising in diversity and inclusion. Temi Adebayo- A technology risk consultant and former president and chair of the trustee board of the University of Salford Students Union. In September 2021 the Board unanimously agreed to ask that Paul Wheeler and Rob Malcomson conrinue in their respective roles as Chair and Treasurer beyond their original term limits. Both were scheduled to rerire in March 2022 and agreed to stay in their roles until September 2022. This decision wastaken in the best interests of the Charity to assist in its recovery from the COVID-19 pandemic, to assist in implementing the Pride in Our Future Review and to allow suff icient time to identify suitable replacement Chair and Treasurer. The trustees receive no pay or monetary benefits nor do they have any financial links to the charity or any vested interests in its operations. including Manchester Pride Events Ltd. In the unlikely event that any conflict of interest arises. trustees declarethese annuallyand ad hoc. 09 Organisational Structure The Annual General Meeting of the Charity appoints new trustees and Honorary Officers, appoints the auditors and considers and adopts the annual report and financial statements forthe preceding year's aciivities. The Board of Trustees is ultimately responsible for the running of the Charity. The Board has the following structure of sub-committees: Performance and Governance Committee - It oversees the proper governance of the charity, along with the Chair- it helps to line manage the CEO and it ensures the charity delivers against its strategic goals. Finance and Risk committee- Financial oversight and managing the charit￿$ risk register. Fundraising and Grants Committee - Oversees the charit￿5 grant giving activities. At the heart of Manchester Pride is the Manchester Pride Festival. The delivery of a successful festival remains the main income source for the charity. without which it could not meet its charitable goals and objectives. The trustees employ a full-time Chief Executive Off icer ICEOI as the charity, and the f inancial and operational risk associated with the delivery of its festival are too great for volunteer trustees to manage on a day-to-day basi Trustees delegate operational delivery of the Charityto the CEO. 10 Our Employees Headed by the Charitls CEO, the team at Manchester Pride has operational responsibilityto deliver rhe Charity's objectives and ensure it provides a public benefit. Staffing levels are agreed by the CEO and trustees based on a three-year plan and financial projection& In any given financial year, we have a small team of full-time employee5. That team then expands as expert temporarystaff are brought onboard to help with the delivery of Manchester Pride Festival. On an annual basis all employees are appraised. arsd they also receive regular training and coaching in support of their roles. Ernployee Pay and Benefits The trustees of Manchester Pride set the pay and reward policy for staff, including the CEO. In doing so. we seek to meet our obligations as a charity with the desire to be a great place to work which attracts and reiains talented, passionate people who want to make a difference. The remuneration of staff is benchmarked against salaries paid by other charities and follows guidance from the National Council for Voluntary Organisations INCVOI. In addition, as our team land our CEO in particularl 15 charged with overseeing a complex not-for-profit organisation. we benchmark their salarie5 against the market rate we'd have to pay for these types of specialist Skills. Manchester Pride Festival The country spent the first quarter of 2021 in lockdown with restrictions on large gatherings in place up until July. During the first halfofthe year we were uncertain about whether we'd be able to host an in-person event. We were thankful that the Government's test events proved that large scale gatherings could be executed safely. We had to adapt our plans quickly to ensure the Manchester Pride Festival adhered to the safety measures around COVID-19 compliance and to give our communities reassurance to celebrate with us after a year's hiatus. Our ticketed events. whether free to attend such as Superbia and Youth Pride MCFI, or those that require a purchase such as the Gay Village Party and MCR Pride Live, meant that we were able to operate COVID-19 passporr checks prior to entry. However it did mean that the mass participation event with no attendance controls, the Manchester Pride Parade, could not be held in its usual format. It was a great disappointment to the whole charity not to be able to put on the parade in all its usual glory. However. we did create our Equality Marches which allowed our communities to take to streets and showsupport for a variety of issues affecting LGBTQ+ Communities. We are very proud to have hosted the first large scale Pride Festival event post- pandemic and welcome 65,000 people to Manchester city centre on what was a very hot and sunny August Bank Holiday weekend. The Manchester Pride Festival 2021 was our boldest, queeriest, most diverse celebration yet. We were also able to breathe a sigh of relief after what was an incredibly challenging time for the Charity whose main source of income is the Manchester Pride Festival. We eagerly move forward and will continue to rebuild our reserves to their pre-pandemic levels to ensure the longevity of the Charity. . • 4¢•akS16 IE Manchester Pride Festival Gay Village Party 2021 40,000 AVERAGEA TTENDEES PER DA Y Gay Village Party Line-up iooJouEER 40% Poc MCR Pride Live Line-up 55% WOMEN 33% Poc ,F t,,Ii T:1 Manchester Pride Festival IVO ULXllilYV .OUTd •• NtIfft¢NES ICR-, 450 PARTICIPANTS 36 ORGANISATIONS 200 AThENDEES rNE PI .IP ),E- voGu 150 ArrENDEES 3000 AThENDEES 5000 ONLINE VIEWS Pride is always about our comrnunitie5. We all felt the impact of the COVID-19 pandemic bur for some groups, the negative impact was more severethan for others. Wewere able to bring back the Manchester Pride Festival weekend festivities, but for some, the way we celebrated and protested no longer met their needs. The pandemic has drawn more attention to structural inequalities and in turn, has seen the rise of activism and protests. More than ever we see our communities wanting to speak out for the human rights of our intersectional communities. The result meant that our communities felt events like MCR Pride Live were less important, and the postponement of the Parade was greatly felt by many. l2 Pride in Our Future Manchester Pride has been dedicated to campaigning. celebrating, raising awareness and supporting the LGBTQ+ community for the past two decades. growing into one of the leading charities of its type in the UK. COVID had a devastating impact on our organisation. reducing our income to nil during 2020 following the postpor)ement of the Manchester Pride Festival. our main source of income. fRIDt This meant that some tough decisions had to be made in order to safeguard our very existence, some of which came to light this year, when it was announced we had reduced grant funding to some of our charity partners. We recognised that this decision was not clearly communicated to our communities and that the decisions were not all universally popular. While we are thankful that this year's event was able to take place. as an organisation we realise it is vitally imF)Ortant that we are transparent in everything we do. We want to give the LGBTQ+ community and our other stakeholders a voice that can be heard. After the Manchester Pride Festival 2021 we undertook our biggest consultation project. calling on our communities to have their say and shape the future of the charitys direction. All our stakeholders were invited to engage with the Pride in Our Future consultation which enabled a range of views to be heard and actively considered by Trustees. This included our grant making policy for 2022 and beyond,. as well as gathering insight on the further development of the format and delivery of the Manchester Pride Festival. The consultation was open for two months. during which we gathered information from a range of sources to give as many of our stakeholders the opportunity to contribute. Stakeholders eould contribute feedback via: Publicly available surveys- digital and print Dedicated telephone line Digital listening groups- open to all Dedicated inbox for open feedback Afull day consultation session Pride in Our Future In addition to the consultation. the Charity hosted round table discu55ion5 With other Pride organisations and liaised directly with community groups and corporate partners across the city to gather insight to further develop Manchester Pride's advocacy. Insight, opinions and comments were collated, analysed and reported by an independent reviewer. Mustard Research. As 2021 drew to a close, the Manchester Pride Board ofTrustees regrouped to consider the findings and our Performance and Governance Committee oversaw the implementation of the review, whilst the operational delivery was handled bythe Manchester Pride Staff Team. The Pride In Our Future Re ublished ear and the actions we will take forward as a charit rt was 2022 with details of the f indin g¥EbD,*I -ll3 All Equals Charter EQOJA CCIAofEt2 In May 2021 Manchester Pride hired Dr. Christopher Owen. an expert in intersectional systemic oppression and queer liberation, to ftjrther develop and deliver the All Equals Charter. Christopher identified common mistakes in traditional approaches to workplace equality, diverslty and inclusion, and then implemented several additions to the Charter to better support members in making effective change. These new innovative benefits for Charter members include a variety of consultations. talks and workshops.. a thorough monitoring and evaluation toolkit.. written resources on improving inclusivity in a rangeof business areas,. direct engagement with each Charter member's staff teams and office spaces,. and the creation of the Getting Started Programme. which supports members not yet ready for accreditation with implementing inclusion Processes for the first time. The Growth Company wa5 accredited Foundation Level in October. and Tameside Council and NHS Tameside and Glossop Clinical Commissioning Group was accredited Flole Model Level in December. Salford Foundation and Primary also joined as new members, pursuing further opportunities the following year. "I've real'ly enjoyed working with Christopher and have felt fully supported throughout the whole assessment process. The constructive feedback ha5 helped u5 better understand the areas for improvement with practical examples to include in our action plan. We're looking forward to continuing to work with the All Equals Charter team in the future." The Growth Company .he chart?.r is a rpally helpful catalyst for bringing in new EDI actions specifically for LGBT+ community, especially in an environment where th,is isn't already enshrined.. 511STameside Metropolitan Borough 14 Skillshare Workshops Manchester Pride has a wealth of experience from the teams on the ground, all the way upto theAmbassadors. Partners and Board Members and wanted to harnessthe knowledge held within the Charity to empower and upskill the LGBTQ+ communities, groups and grassroots organisations we engage. Between May and October we ran Six Skillsh3re Workshops. These were an opportunity toshare the wealth of experience held within Manchester Pride- helping to introduce ourcommunities to all the people who make Manchester Pride the vibrant and exciting organisation it is whilst simultaneously strengthening SUPFX)rt for LGBTQ+ communities, groups and grassroots organisations. This initiative upholds our organisational goal of 'supporting grassroots projects, by forming a part of the support package available to community groups and projects by Manchester Pride. The Skillshare Workshops were a chance for all community groups to learn skills. build their power and strengthen their groups and organisations to be able to support more LGBTQ+ people across Greater Manchester. The project started with a consultation of local groups to help us understand the challenges faced, then we created si& one hour workshops led by a skilled facilitator. This important step ensured we placed our communities at the heart. providing information rhey will find most useful. Skillshare Workshops "Strong not Successful Events Strategy Governance Funding & Fundraising Strategy Community Building.& Engagement Community Development The type of attendees ranged from those who are already part of a community group or organisation. but also people who wÈfè looking ro ser up a new gruuv. attendees useful skills. workshops improve helped l5 Superbia Superbla Manchester Pride is committed to support queer art5and culture in Greater Manchester. Superbia is the programme through which we host queer events by, about and for LG8TQ+ people. We also run collaborations projectswith local groups and members of our com-munities and spotlight the work of queer artists and collectives in Greater Manchester. year round. Superbia Weekend As part ofthe Manchester Pride Festival we hosted a selection ofexciting arts and culture events from Manchester's dynamic LGBTQ+ artist community. From art. dance. cinema. poetry. live music and more. at locations in and around the city, all events were free to attend. The Untold Orchestra Plays David Bowie Ft Finley Letchfield-Dobbs In a special SLsperbia Weekend preview. The Untold Orchestra presented a stripped back extract of their forthcoming David Bowie recital concert, in collaboration with contemporary dancer Finley Odin. Six musicians from the Orchestra performed versions of some of queer icon David Bowle's finest compositions with interpretations by dancer and choreographer Finley Letchfield-Dobbs. Hosted on a rooftop with Manchester's iconic skyline in the background this special event showcased the many ways in which we help our communities celebrate Pride. in a more relaxed and sober environmenL To Whom it May Concern In December 2021 Manchester Pride awarded Mancunian artist Jordan Roberts a grant to Use the power of art to turn attention to HIV and AIDS as part of Day Withloutl Art, the annual project started by Visual AIDS New York. To Whom It Mayconcern, portrayed the lives of people in Greater Manchester living with HIV through portraits, writing and an evening of live performances. The one day event saw a letter exhibition and film screening, readings from poet. mandla and Gerry Potter. Hosted at queer friendly venue SEESAW there were vogue performances frow two iconic. Manchester based, houses and a interesting and inspiring panel discu55 on HIV activism and the future. 15 Superbia FIGHTIN 5T1 16 Youth Pride MCR Throughout 2020 we continued to deliver workshops for younger members of our communities. Held monthly. these online workshops have been designed as spaces foryoung LGBTQ+ people to connect and find a community of like minded people while exploring their identity. As COVID-19 restrictions loosened in 2021, these workshops were facilitated in person, strengthening their mission to help reduce social isolation while providing a safe space for young people to be their authentic selves. pfftoo Manchester Pride is proud to ensure all our young people feel seen. safe and supported. The Youth Pride programme is completelyyouth led with young people making choices about the programme, the sessions and workshops. In 2021. the young people we engage with through Youth Pride MCR help create the programme for their celebration at the Manchester Pride Festival which this year saw over 200 young people attend. This year's programme included curating, producing and performing in their very own cabaret show.1 The Youth Pride programme provides an opportunity for young people to make new friends, find a community but also develop a range of skills including event programming, producing. performing. It providesa safe spaceforyoung people to be themselves. TOTAL SIGN-ups: 90 t) participants the workshops improved confidence self-acceptance. participants felt that the workshops helped isolated. of participants.made new f riendships through the programme. 16 Youth Pride MCR Peoyié coming -eeling village ac-t.Ivit,ies. Included ceopl helped !o•el¥' YoiJt.h f rierTrd ai,-eiuee {14 Volunteers Without the invaluable support of our incredible volunteers, we wouldn't be able to do the things we do for LGBTQ+ communities. In 2021, Manchester Pride expanded its volunteer programme to provide more opportunities for people to develop their skills and to meet the needs of the growing Manchester Pride Festival. We expanded our recruitment in 2021, reaching more volunteers from diverse backgrounds and providing important ski115 training and development. Manchester Pride utlises Manchester's incredible volunteer networks including MACC and the Cultural Organisations, Volunteer Forum and cross-shared with other cultLJral organisations such as Manchester International Festival and Manchester Museum. 250 VOLUNTEERS ACROSS THE WEEKEND 65% BRAND NEW VOLUNTEERS All our volunteers received free EDI training. Furthermore, volunteering at Manchester Pride Festival develops skills and knowledge in managing events, fundraising and engagement but most importantly it provides an opportunity for LGBTQ+ people to make new friends and feel connected to the community. rou THAHKYOiI . FOR YOUB DON1110¥ I"ILpM. Th i• Grant Giving One of Manchester Pride's chariiable objectives is to make funding support available to LGBTQ+ causes across Greater Manchester. The moneythe Charity givesto good causes comesfrom two place l. Money given as a direct donation to the Manch•ster Prlde Community Fund. Whether through bucket collection at our events, or via the online Just Giving platform, money that is given directly as a donation is always redistributed in full via our grants programme to LGBTQ+ charities. grassroots organi5ations and other LGBTQ+ good causes. These donations never go towards the running costs ofthe charity or the Manchester Pride Festival. 2.Surplus generated by the Charity. On top of the money donated to the Charity. and as part of its annual budget process, trustees agree to allocate a portion of the Charity's income directly to its grant making programme. This portion will be agreed once the Charity has met its obligations to employees and suppliers. and appropriate money has been allocated to reserves in line with the Charit￿5 reserve policy and Charity Commission best practice. Grants awarded in 2021 In 2020 Trustees reviewed the long term giving choices for the 2021 financial year and beyond. The lack of income from the Festival in 2020 meant the Charity was operating in survival mode, subsidised by a Coronavirus Business Interruption Loan ICBILI and byalso receiving funding from the Culture Recovery Fund. utilising reserves and reducing expenditure. Sadly this also meant making some staff redundancies. Despite this we were still able to award pledges to both George House Trust and LGBT Foundation. £10,000 PLEDGED TO EACH GEORGE HOUS-TRUST LGBT iv posiit¥t *lYl¥G foundation l9 Financial Review Manchester Pride is a charityand has no shareholders.All income generated bythe charity is retained by the charity to help it deliver its charitable objectives. It generates income from a variety of sources including from direct donations and some grants. However the main source of income to enable u5 to deliver our charitable objective5 comes from its not-for-profit trading company. Manchester Pride Events Ltd, which organises the Manchester Pride Festival. Financial Control Budgets are presented and approved at the beginning of the financial year and monitored throughout the year. Following good governance practices. Manchester Pride has appointed new external and independent auditors. As part of the audit of the 2021 financial statements. number of adjustments to the unaudited prior year accounts were agreed to reflect appropriate accounting standards. Reporting Requirements Management accounts are reviewed monthly by the trustees, along with statements on cash and reports on income generation and expenditure against budget. Staff ar)d other management issues are reviewed by the Board. So far as is possible and in line with best practice, the Board focuses on the strategicdirection of the organisation and its governance. In this context. from time to time the trustee5 and senior managers meet for longer periods for business planning purposes. Reserves Policy As at 31 December 2021, the Group has net current assets of £210.I8312020.' net current liabilities £30,468) and net liabilities of Q.41112020'. £301.6621. The COVID-19 pandemic impacted the charit￿$ ability to deliver its charitable activities in 2020 and 2021. The Charity has taken measures to remain a going concern. These include receiving a Coronavirus Business Interruption Loan ICBILI, receiving funding from the Culture Recovery Fund, utilising reserves. staff redundancies. reducing expenditure and enhanced budget oversight. 19 Financial Review The Charity has a medium term financial plan to further diversify income streams, respond flexibly to the ongoing pandemic and rebuild reserves over a three year basis. During 2022. the Charity has been able to return to delivering its activities as it did prior to the COVID-19 pandemic. At the time of approving the f inancial statements. the Trustees have reasonable expectation that the Charity has adequate reserves to continue in operational existence for the foreseeable future. The directors therefore consider it appropriate to adopt the going concern basis of accounting in preparing the* financial statements. Risk Management The trustees acknowledge their continuing responsibility for identifying the major risks faced by the Charity. keeping those risks under review and taking appropriate steps to manage those risks. The Charity maintains a risk register, with a list of mitigaring control& This is reviewed regularly by the Board of Trustees. As per the risk register, the principal risks and uncertainties facing Manchester Pride, and subsequent mitigating procedures are: Risk and impact Mitigating procedures Loss of key staff: Experience or skills lost Operational impact on key projects and priorities Loss of contact base and corporate knowledge Succession planning All systems and procedures are documented Training opportunities in place for continued professional development Agreed notice periods and handovers Established skills-based staff recruitment process in place The 8oard considers that adequate controls are in place. Competition from similar organisations- Loss of contract income Reduced fundraising potential Reduced public profile Profitability of trading activities Monitoring and assessment of performance and quality of service Reviewing market and methods of service delivery Agreeing fundraising strategy Ensuring regular contact with funders Monitoring public awareness and profile of charity The Board considers that adequate controls are in place. Health. safety and environment (event at- tendeesl Product or service liability Ability to operate Injury to beneficiaries and the public Terrorist attack Compliance with law and regulation Training staff and compliance officer Monitoring and reporting procedures in place The Board considers that adequate controls are in place. 21 Statement of Trustees Responsibilties The Trustees (who are also the directors of the Charity for the purposes of company lawl are responsible for preparing the Trustees, report including the strategic report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees 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 Group and the Charity and of their incoming resources and application of resources, including their income and expenditure. for that period. In preparing these f inancial statements, the Trustees are required to.. Select suitable accounting policies and then apply them consistently, Observe the methods and principles of the Charities SORP IFRS 1021., Make judgements and accounting estimates that are reasonable and prudent.. State whether applicable UK Accounting Standards IFRS 1021 have been followed. subject to any material Departures disclosed and explained in the financial statements,. Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group will continue in business. The Trustees are responsible for keeping adequate accounting records that are suff icient 10 show and explain the Group and the CharIt￿S transactions and disclose with reasonable accuracy at any time the financial position of the Group and the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also resF)onsible for safeguarding the assets of the Group and the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Disclosure of information to auditors Each ofthe persons who are Trustees at the time when this Trustees, rewrt Is approved has confirmed that= So far as that Trustee is aware, there is no relevant audit information of which the tharitable group's auditors are unaware. and That TrLJStee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant audit information and to establish that the charitable group's auditors are aware ofthat information. Statement of Trustees Responsibilties Auditors The auditors, Hurst Accountants Limited. have indicated their willingness to continue in office. The designated Trustees will propose a motion reappointing the auditors at a meeting of the Trustees. Approved by order of the members of the board of Trustees and signed on their behalf by.. R Malcomson Dale.. 29 Sep 2022 -onsolidated Financial St.at,ement,s December Independent Auditors, Reportto the Members of Manchester Pride Limited Opinion We have audited the financial stateN*nts of Manchester Pride tsmited Ithe 'parent cha{ita￿t company) and its SUb￿dialleS (the grwp'l for the year ended 31 December 2021 v4hich Cornpr￿e the Consolidated Statement of Financial Activiiies the cwsolidated balance shw the charity baknce sheeL the consolidated statement of cash flow5 ar￿ the related notes, intludin9 a summary of sgnificant accwnting policies The financial repDrting framework thar has been applied in thwr preparation is applicaNe law and United Kin9dtsm kcounting Standards inclucling Finan¢ial Reporting Standard 102 The Financial Resy)rtin9 stsn¢Jar4Y appliCa￿e in ihe UK and fiepublic of Ireland. (United Kin9dom GeneraltyAccepted Accountin9 Practice). In ou¥ opinion thefinancial staEemen give a true and fair wew of the state of the Group's and ofthe parent Charitab￿ companls affairs as at 31 December 2021 and of the Groups incoming resources and application of resources including its into and expenditure for the￿rth￿N ended". have been pro￿rIY prepared in accordance WiLh un￿ed Kingdom Generally Accepted Accounting Practice., and have been prepared in accordancewtfh the requirementsofthe CompanwAct 2006. Basis for opinion We conducted our audit in accordance wth Internatronal Standards on Auditing IUKI IISAS IUK)l and applicable law. Our responsibilitie5 under those Standards Jre further described in the Auditors, respon&bilitie5 for ihe au¢Jit of the finantial statements section of oui reKK)rt We are indeFendent of the Group in accordancewith the ethical requirements that arÈ relevant to our audit of the finanaal statements in the United lthngdom. including the Financial Reporting Council's Ethical Standard. have fulfilled our other ethical responsibilities in accordance with these requirements. We believe thai the aud￿ evtsaence have obtained 15 suffioent and appropriate to provide a basis for our opinion. Conclusions relating to going concern In atjditing the finanaal statements, we have concluded that ihe Trus￿. use of the going concern basis of accounring in the preparaiion of the finanoal statemenrs is appropriate. 8ased on the work we have r*rformed, v* have not identified any material uncertainties relating to events or condttions thèt, indiwdualty or collective￿. rnay Ca￿ 51gnrficani doubt on the Groups or the parent charitable compan¥s ability to continue as a 90in9 concern for a period of at least monihs from when the finan(iol statements are authotised for issue. Our responsibilities and the reswnsib11it￿ of the Trustees Imth respert to going concern are described in the relevant sections ofths repo¥L Other Information The other information comwises ihe information Ind￿ in ihe annual report other than the financial statements and our auditors. report t￿reon. The Trustee5 are re5pon5ible foi the other information contained within the annual rewrt. Our opinion on the financial statements doe5 nsx Cover the other information and. except to the extent otherwise explicitly stated in our ￿K*>rt. we ¢Jo not express any form of assurance conelusion thereon. Our responsibili(y is to read the other information and. in doing ￿. considei Tr*thether the other information is rnaterially inconsistent with the financial statements or our knth￿edge obtained in the course of the audit, or otherwi* appears to be materially misstated. If we identsfy such material Inconsistenc￿ or apparent mateiial misstatement& we are required to deterrnine whethe¥ this gives rise to a rnaterial mi55tatement in ttr￿ financsal statements themsefve& If, based on the wtsrk we have performensible for asse￿￿9 the G¥oup% and the parent charitable cor￿pan￿5 ability to continue as a going c¢)ncern, disclosing, as applicable, matter5 related to going concern usirng the going concern bays of accounting unlessthe TrU￿ee5 either intend to liquidate the Group or ihe parent charitable companyor to cease oFeraiior4 or have realistic aiiernatNe but to do so. Auditors. responsibilities for the audit of the financial statements Our objectives are to obtain Teasonable assurance about whether ihe financia15taternents as a whole ore free from material misstatemenL whether due to fraud or wror, and to issue an auditors, reFY)rt that ir)cludes our tspinion. Reasonable assurance is a high level of assurance. bvt 15 not a guarantee that an audit conducted in accordance wilh ISA5 IUKI will alway5 detect a maierial mi551atpment when it exists. Misstatements can arise from fraud or error are consdered material if. indivKJualty or in ihe aggre9ate, they could reasonab￿ be expected to influence the economic decisions of Ltsers taken on the basis of these finarKial 5taternents Irregularities including fraud. are in5¢ance5 of non-complianee V￿thI3￿S and regulations. We desMJn procedures in line with our responybilities outlined above. to detect material mt5Statements in respect of irregularitie& including fraud. The extent to which our prcredures are capable of detectiN9 irre9ularities. includin9 fraud is detailed below.. Identifying and assesslng potentlal risks related to Irregularbties In identifying and assessin9 the iisks of mater4al misaatement in ￿pert of irregularitie4 including fraud an non-¢omplian¢e wth laTr￿ and regulati￿&we cr*isidered the follo•ving'. The nature of the indusrry and sector in which the company operates., the control environment an business performar￿* including key drivers for directofg remuneration. bonus levels and performance targets. The outcome of enquiries of l+xal management and parent company management. includin9 whether managemènt was aware of any instances of nonn and claim* Performing analytieal procedu￿$ to Kyentify any unusual or unexFected relaiionshipswhich rnty indi¢a¢e risks of material misstatement due to fra￿￿. We have also Considered the risk offraud through management oveiride ofcontrols ty. Testing the appropriaienessof journal entries and other adjustment& We have tested a 5amplg of manual journa15 which may pose a heightened risk of material misstatemenu wherher due toi froud ot error. Challenging assumptions made by management in their slgnificant accountin9 Estimaies. ènd assessing whether the judgements made in making accounting esrimates are indicative of a potèntial bias., and evaluating the busine55 rationaleof any ggnrfieant traftsactKJns that are unusual or outside the norrnal course of busines¥ Ewdluating rhe business rationalo of any &gnificant trarsactions that are unusual or outsillg thg norm81 ourse of business We also communicated relevant identified law5 and regulationsand potential fraud risks to all engagement team members and remained alert to any indicationsoffrautl or non-comE￿lance with laws and regulationsthroughout the audit. There are inherent limitations in the audit procedures described atKwe. and the funhei removed non-compliance with laws and regulations are from the e¥ents and rBnsactions reflecte(l in the finanoal statements, the les5 likely we would become awdre of ihern. Alsa the risk of not dete¢¢ing a material misststement due to fraud 15 higher than the risk of not detecting one resulting from Èrror. as fraud may irMro￿e deliberate concealment ty, for eXaM￿e. for9￿ or intentional mIsrepresentat￿nS or through collusion. A further description of our responsibilities for the avdit of the finanoal statemènts is locaLed on ihe Financial Fleportsng Counci15 veb5ite BL vthwi.fr¢.org.uklaudito￿resr￿JnSibil1tie& Thts description form5 part of OUT auditors. report Other matters The comparative figu￿ for the period end￿ 31 Decemter 2020 are unauclited. Use of our report This report is rnade 501ety to the charitable CoMpan￿S members, as a body. in accordance with Chapter 3 of Part 16 of the Companies Att 2006. Our audit work has been undertaken so that we might state to the charitable companys members those matte15 we are requrred to state to tPiem in an auditors, report and for no other purpose. To the fullest extent wrmitted by law. we do not accept or assume responsibilrty to onyone other than the charitable ¢ompany and its mem￿r￿ as a boty. for our audit work for this reKX>rt. or for the opinions we have formed. Hden Be5ant-fioberts (senior statutory auditor) for and on bèhalf of Hurst At¢ountafits Umlted Chartered Accountant5 StatutotyAuditors 21 Twot Oale Lancashire Gate Stockport Cheshire SKI ITD Date.. 29 Sep 2022 Consolidated Staternent of financial actiwti8s linc¢yporating incorr* and expenditure acwuntl For the year ended 31 Oecombei 2021 Unr*siii¢ted lunds 20 As restated Total funds 2020, 20 rtal funds 2021 Ineome froD¥ Donatltsns and legacles 10586 10.586 9,566 Charitable artivities 121.863 974186 757.921 Othertrnding 1251045 369,610 Total in¢ome 32a£L17 Exp¢nditure o Charltabl• aetiviti¢s IIU7395 2.938.566 I,oiz T￿*1 expgnthure Net incomel {•xp*ndiQurg} 1481.454 19 141.7291 41. Net movement ln fvnds Reconciliation of fund Total lunds brought . 40.5 11791 779,79 ln funds 1785rn 318.828 300251 (481,4541 Tot•1 funds carried fonv*rd 411 The consolidated Statemeni of Financial Activities includes all gains and losses recognised in theyear. The rsotes on pages 44to 61 form part of these financial statements. Consolidated 83lan¢e Sheet as at 31 Decemter 2021 C¢)mpary No. 4671318 As resroted 20 2020 Note Fixed assets Tangible assets 14 2.982 Current assets Debt0¥5 15 19&4 Cash at bank and in hand 189.33 387.813 credito￿ arnount5 tslling due within oneye•r 16 (418.287 Net current a5setsl liabilites Total assets less current liabilitigs Creditors." amounts falling due after more than one year 17 Total n Charity fvnds estricted furKIs 19 4051 Unrestrieted funds 19 (34Z779 Total funds The TIu5tees acknowledge their reS￿n￿bilit￿sf0l comp￿"n9 with th• r¢quir*mÈnts of the A¢t with r*spÈtt to accounting records and preparation of financial statemen The financial statsments Y￿re approved and authorse¢J for the Trusi*s and signed on their behalf ty. M La%Mor Trustee R Mal¢om9)n Tiustee Date." 29 Sep 2022 The notes on pages 44to 61 form part of these financial statements Charity Balance Sheet As at 31 C)ecernber 2021 Csynpany No. 46￿318 As resto 2021 2020 Note FIX￿ assets Tangible assets Z982 Current assets Debtors Cash 31 bank in hand 119.725 134,T2 credito￿ amounts falling writhin one 16 651931 Wet eurrèht assetsl Ilabilitts Total a559ts less currenl liabllltles Creditors amounts fallin9 due after mo than one year (274,7761 Tot•1 nrt assets 62 Charity lunds Flestricted funds 19 40,517 Unrestricted funds 19 42.179 Total funds The Charitys net movement in funds for theyear was£300.251 f2020-£1481.45411. The Trustee5 acknowledge their reswnsibilitiesft>r comp￿D9 wth the requirements ofthe Aci with respett to accounting records and preparation of fnancial s¢atemen The financial statemgnls were apprwed and authorised for i55ue Lyihe TrusteP5 and signed on their behalf ty. M Lavlor Trustee Date". R Malcom50n Trustee 29 Sep 2022 The notes on pages 44to 61 form part ofthese financial statements Consolidated Statement ofcash Flows For the year ended 31 Oecemter 2021 s Restat 20 2020 Note Cash flows from operating a¢tivitlès Nei cash used in operatin activities 21 P88,096) Cash flows from investin aetltAtles Purchase of tan9ible fr¢ed assets Net cash {used inv provided by Invtsting activities 0928 Cash flows fwn financin Cash inflows Irorn new borrowin 299,701 lepayments tKJrrowi 124,9251 Interest payable 14076) Net eash (us•d inv provided by flnanclng aetivities (M￿07) 299,1ffl Change In cash •nd cash equlv4￿nts In the ar 005 Cash and cash equivalents ar the beginning of the Cash and Cash equivalents at the end ofthe The notes on pages 44 to ffj form part ofthese financial statements General information MancheS￿r Pride ￿rnited 15 a compary lirnited ty guaTrntee. iegi51ered numbèr 046￿￿8. It is also a charity, re9i5tered nurnber 111784& The ie9i51ered ackfie55 15 Manchester One, 53 Portland Street, Manchesier. Ml 3LF. The principal activity of ihe group is to Co-ordinate an annual festival ty and for lesbian, gay, bise¥ual and tlansgender people, ￿trkIng towards the 1nv0fveff￿nt of different sectors of the community. ond raising funds for related organisations and charitie Accounting policies 2.1 Basis of preparation of f inancial statements The financial statements have been prepared in accordance wth ihe Charities sorip (Ffis 1021 Accounting and Reporting by Charities.. Statement of fiecornmende(I Pra¢ti¢e applicable to charities preparing their aCc¢￿ntS in accoidan¢e wtth the Finarb¢ial Flewrting Standard applicable in the UK and Flepublic of I￿land IFRS 1021 leffÈetfft l January 20191, the Financial Reporting Standard applicable in the UK and Flepublic of Ireland IFRS 1021 and the CornpaniesA¢t 2006. Manchester Pride tsmited meets the defnition of è public beNeft entity under FRS 102. Assets and liabilitiÈs are inttialty recogntsed at histori¢èl cost or transactK)n value unless otherwise stated in the relevant accounting policy. The con501idated statement of fnancial actwities ISOFAI and ¢ong>lidated balance sheet consolidate the fnancial statements of the Charty and its subsidiary undertaking. The results of the subsidiary are consdidated on a line ty line basi The Charity has taken advantage of the exemption allfA*d under section 408 ofthe CompaniesACt 2006 and has not presented its cwn statement of fnancial activities in these f￿ancial statements Going concern As at 31 December 2021, the Group has net current assets of￿0.]831202￿. net current liabilities £50.4681 and net liabilities of ￿.417(2020.. £30I.6621. The Covid-19 pandemic impacted the charitys ability to deliver its charitable activiries in 2020 and 2021. The Chariiy has taken rneasures to remain a going concern. ThesÈ include receiving a Coronavirus Business Inteiruption Loan ICBIU. Teteiwng funding from the Culture Recovery Fund. Ulilising reserv4 staff redundancie& reducing expenditure and enhanced budget over5ighL The Charity has a medium term fnancial plan to fvrther dNer5rfy income s¢ream& respond flexiblyto the ongoing pandemic and Tebuild Teservesover a threeyear basi& During 2021 the Charity ha5 been able to return to delwering its activities as it did prior io the CoMd-19 pandemic. At the time of appr(wtng the fInar￿jaI staternen￿ theTrustees have reasonable e¥pectation that the Charity has adequate reserves io coniinue in operational existence for the foreseeable fvture. The clirectors therefore consider it appr¢)priate to adopr the going COr￿¢M ba&s of accounting in prÈparing thesÈ financial statemen 2.3 Income All income is recognised once the Charity has enittlement to the income. it Is probable that the income will be recewed and the am¢)unt of income re¢eNable can be measured reliably. The following speerfic policies are aOie(I to particulai categories of income". Intoming resources from grants where ￿lated to performance and specific deliverable4 art accounted for asthe Chartyearns the right to consideration by ¢ts performance. Donations a￿ received by way of grants, donations and gifts and are included in fvll in the Statement of Financial Actiwties then receivable. Gran￿ where entitlement is ntst conditional on the delivery of a specifi¢ performance by the Charity. are wognised when the Charrty becomes unconditionalty entille(I to the grant Donated services and facilities are included at the value to the Charity where this can be quantified. The value of service5 provided byvolunteer5 has not been in¢lude(l in these accoun Expenditure Investment income is wognlsed on a receNable bags Éxpenditure is recognised on an accruals basi5 when a liability is incuiied_ Expenditure includes Value Added Tax which canAot be fvlly recovered. and is included as part of the expenditure to which it relate Charitable attiviiies relate to donations payable to charities and organ￿atIonS particularty, but not exclu￿Ve￿. in Greaier Manchester and Lan¢ashire_The Charity alto¢ates a ptsrnion ofthe eosts of running the festival ènd Oiher events tocharitable activities as the festival is not just about fundraising but also aix)ut fijlfilling the obje¢tNes of the Charity by a¢ting as a signposting organisation for servKes dealing with sexual healrh, homophobia. transphob'a, %>cial aetwities and HIV awarene55 and care The organisation also delwers campaigns thai support equality anLI challenge discrimination, such as heritage. leainiry. health and ontroff initiatives Expenditure The Charity initially identifies the costs of its 5UPPOrt functions. It then identifies those costs which relate to the governance functKJn. Having identified its governance costs. the remainin9 5UPPOrt cosrs tOg￿her with ihe governance costs a￿ •pporti Tangible fixed assets and depreciation Tangible f¢xed a5setsc05ring Q.OW tsr rnore aietapttalised 8nd recognised when fjJture econornic benefits are pfobablÈ and the cost or value ofthe asset can be rneasU￿d reliably. Tangible fijpd assets are initialty recognised at cost. After recognition. under the Cost modÈl. tangible fiyEd assets are measured at C05t less accumulated depreciation and any accumulated impairment losses All costs incurred to bring a tangible fi)Èd assÈt into its intended working condition should be included in the measurement ofcost. Oepreciation ¢s charged so asto allocate thec05t of tangible fixe¢J assets kss their residual value over their estimated useful Iwes. u5in9 the stravJht-line meth¢d. Depreciation is pr¢￿ded on the follcwng basis Offre equipmeni 2S% Strawjht line Debtors Trade and other debtors are recognised at the SÈttlement amourst after any trade discount offered. Prepayments are valued at ihe amount prepaid nei of anytrade d&ounts due. 2.7 Cash at bank and in hand Cash ai bank and in haThJ includes cash and sh¢M-terrn highly liquid inVes￿ents with a short maturw of three months or less fr￿n the date of acqui5tiion or opening of the deposir or similar Liabilities and provisions abilities are re¢ognised when the￿ is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of econornic beneftt will be reguired in settiemeni and the amount ofthe settlement tan be estimate 1¢ then identif￿S those ¢osrs which ￿late 10 the 90vernance funciion. Having identifÉd its governance costs, Ihe remaining support costs together with the goverriance cl￿$ are apportioned between the four key objects undertaken15Ee note 91 in the period. ii. Auditors, remuneration The auditors. rernurteration amounts to an aUdI￿r fee of ri2W 12020 - E-J. and other accountancy services of ,75012020: £3,LW. 12. Staff costs Group As restoied 2020 Chority s restoted Char 2021 20 2020 Wages and salaries 318.91 355.8ZS 378,912 S(xial security Costs 26213 Other pen&on Costs 2282 The prior year wages and salaries fgures a￿ inclusive of the pri¢y year adjustment of £44.889. and have been adjusted to reflect that the ¢¢)Sts were tx)me by thè Charity (see note 181. The pr*or year adjustment does not affeci the con501idated fgures. The average nurnber of persons empltyed tythe Charityduring theyear was as follows.. Group 20 No. Croup 2020 Na Ch•rity 2021 Charity 2020 No. Management and events aff io The number of emplcyeeswhose emplwee ¢enefts (excluding emptyer pen90n cortsl exceeded £60,000 wa Group 2021 Group 2020 No. NIX In the band £80.00I_ In the band Ég0,001- 00,cM)o Key management personnel consis￿ of The Chief Exe¢utive. The Head of EvÈnts and The Head of Engagement. The total amount of employee benÈfts lincludin9 employer pensh?n contributions and employer national Insuran￿ corntributionsl reCeI￿d ty key management personnel for (heir serwce5 ro ihe charity wa5 U89.965 f202Q. £794.$92}. 13. Trustees. remuneration and expenses During theyear, no Trustees received any remuneration or ¢xher tenefits f2020- £NIL). During theyear ended 31 December 2021. noTrusteeexpenses have l)een incurred (2920- £NIL). 14. Tangible f ixed assets rovp Offjce equipment Atl Jènuary2021 ii, Additions At ￿ Decemter 2021 At l Janua 2021 Group Office equipment Cort or *dluatson At l Janua 2021 Additions At 31 December 2021 At l January 2021 Charge for the year At 31 December 2021 Net book value Al 31 Oecemt*&r 2021 Ac31 December2020 Charity 1¢¢ ¢qulprnent Atl January202l Additions At 31 December 2021 13.698 reclation At l January 2021 Charge tor the yÈar 2.149 At 31 Cjeeember 2021 10.936 At 31 Decèmbei 2027 At31 December2020 Is. Debtors Group As restated Chorif A5 res¢(Jted 2020 Group 2021 Chatlty 2021 2020 Due wlthSn one year Trède dèbtor5 5.144 15,000 Other debtors 3.333 16. Creditors: Amounts falling due within one year Group restated 2020 Chority s restoced 2020 Group 2021 Charity 2021 Other loan5 24.92 $9,820 24,925 Trade creditors 24.35 41253 21,91 Amounrs to group Ltndertakin 103 her raxauon se¢urity 68.73 040 ZT.956 Accruals and deferred income 139 00 47828 Other loans relate to a government Coronawfus Business Inierruption Loan. Thts is not a secured loan. Interest is charge(l at 4.8 D*ferred incomg Group As restated Chority As restored Group 2021 Charlty 2021 2020 2020 Opening balance 2¥1268 115560 7￿0 7SS6C> esources defÈrrÈd dvring the year Amounts released from prwous periods 00 $60 CIosi•)g balance IncludeL* wthin deferred income 15 UOO.000 P02tr. £ItX).0001 of deferreLI srthsorship income. Also included within deferred income is £30.007 (2020." £289.7681 of income retrwed in ihe year relating to activity taking place in the subsequent year. £7.5CK) of defeTre(l in¢ome brought fvtward fr¢yn 2020 ￿lating to the GMCA Admsory Panel has been released in the year. 17. Creditors.. Amounts falling due after more than oneyear Group 20 Group 2020 Chcyrity 2020 2021 Other loans Other loans relate to a government Coronawrus 8u￿nesS InterrLtption Loan. This is noi a secured loan Inter&t was charged at 4.89%. In¢lu¢Jed within the are arnounts falling due as follows". roup 2021 Group 2020 ors 2021 2020 Between one and two Other loans and five Other loans Gr¢at ¢han fi Other loans 18. Prior year adjustments Prloryear ¢7djustments Priorjeor odjusrments 202 Group FleseNes ￿r priOr￿r accounts 5246 2019 reserves error oqoooi Deferred sponsorship income ooJ>ooi Doo.0001 Release of prioryear deferred sponsorship income ioo DÈferre¢ ti¢kÈt income 089.7691 Flelease of overstated trade creditor5 Release of overstated PAYE creditor balance sheet ar ad"us¢m•nts 2020 Prior at ad"ustments 201 Reserves Fer prioryear accounts 279.792 2019 reserveserror Doo.oooi Recognition oldonation from trading subsidiary Adjustmenttodonation fTom trading subsidiary Payroll costs incor￿¢1￿ recharged 21S4701 Release of overstated trade Cr￿ltorS Fleleasè of overstated PAYE crensorship income relating to the ending 31 December 2020 was iecognivd as turnover in Manchester Pride Events Limited s 2019 accounts This has been deferred and released in 2020. £IOO,OCK) of Sponsorship tncome rel3tlll9 to the year ending 31 Oecember 2021 was recognised as turnover in Manchester Pride Events Limited s 2020 accounts. A prior year adjustment has been FY)Sted to show this as dtrferred income. The amouni w35 released in 2021. 89.768 of ti¢ke¢ sales re13ting to the year ending 31 Decernber 2021 was recognised in Manchester Pride Events Limited as turnover in 2020$ accoun￿ A prioryear aJncil line refer5 to an amount carried forward from a PTewous grant which contributed towards the cosr of event infrastructure. Swarding and securrty. road closure costs and cleansing relating to Parade 2019. 20. Analysis of net assets between funds. Analysis of net assets between funds- currentyear Total funds 2021 Restrlcted funds 20 20 Tangl￿e fixed assets 2.762 1762 Current assets 21.940 651.825 6SI765 Creditors due thin one >Ear 14495821 1449W) Creditors due in rnore than or ar 12143S61 Total (23,35TI Anal is of net assets between funds - prior year Totol funds AS ￿$￿tec¢ 2020 ellricted fvnds As restoted2020 Unrestricted funds As resiOt8(12020 Tangible ftrfed assets Cuireni assets 40. 347. 387.81 Credrcots due within oneyear 1418281 1418.28F Credit015 due in more than o year P74.776 1274.176 Total 21. activities Reconciliation of net movement in funds to net Cash flow from operating Grots A5 restoted Group 2021 2020 Nei incomelexpenditu for the year l as per Statement of Financial Activities) 148F.454J Adjusunentstsr. Depreciation charges 148 Dec*easeliincreasel in debtors 5.59 Incfeaselidecrèasel in creditors 185,80 Interest paydble 6.076 lus•d in) •p•rnting artiviti•s 22. Analysis of cash and cash equivalents Group 2021 Group 2020 Cash in hand Analysis of changes in net debt Ati 20 Cash At 31 December 2021 JamJa Cash at bank and in hand 189.77 Debt due withinl year 1249251 154M951 159.8201 Debt due afteil year (274.I76J (2743561 24. Operating lease commitments At 31 De¢ember 2021 the Group and the Charrty had commitments to make fvru￿ minimum lease ptyments under non-cance1lak￿e operèting leasesas fo11o*4& Group 2020 Chority 2020 2021 Not later than I year 25. Related party transactions The charity received a donation from its 5ub5idi3ry. Manchester Pride Event5 Limited of£682.564 [2020.. £47.956}. Al the year end, Manchester Pride Events Limited is ￿O3,24312O20.. £83.902). Trustees are appointed to the Board primarity for the skil& experience and kn(wle(Jge thai they bring to the organisation. Ho+ffter. it is also imrK)rtant the Board includes ind¢wduals that are immersed in Man¢hestÈr LC8T Community and in the culture of the city as a whole. For that reason. Ihe Boar¢J of Irv5Eees will invariabty indude indivAluals that hold oiher directorship& trusteeships or ownership interests with companies organisations and eharities that have links to Manchesier ￿lde. No irustee is involved in rn3￿ng ly)ard (Jeci5ion5 that Telate to their oyvn intefest& Other than the aLx)ve tongct¢ons noied wrh Manchester PrHde Events Limited. theie were no other transactions with relared parties thisyear. RE.GrlSTE:TrE)D •HAQIPI .'IANC•WES-, EJQPQ.gE 1117848 POTrTLAND STPEET o o o