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2022-03-31-accounts

REGISTERED COMPANY NUMBER: 07109404 (England and Wales) REGISTERED CHARITY NUMBER: 1134458

Report of the Trustees and

Audited Consolidated Financial Statements for the year ended 31[st] March 2022

for

Ivy Manchester Limited

(a company limited by guarantee and not having a share capital)

Allen Mills Howard Limited Chartered Accountants

& Statutory Auditors Lewis House 56 Manchester Road Altrincham Cheshire WA14 4PJ

Ivy Manchester Limited

Contents of the Financial Statements For the year ended 31[st] March 2022

Page
Report of the Trustees 1 - 8
Report of the Independent Auditors 9 - 11
Consolidated Statement of Financial Activities 12
Consolidated and Parent Company Balance Sheet 13
Consolidated Statement of Cash Flows 14
Notes to the Financial Statements 15 - 29

Ivy Manchester Limited

Report of the Trustees For the year ended 31[st] March 2022

The trustees, who are also directors of the charity for the purpose of the Companies Act 2006, present their report with the consolidated financial statements of the charity and its subsidiary for the year ended 31st March 2022. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association and the Charities Statement of Recommended Practice (“Charities SORP”) (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland; FRS 102) issued in October 2019.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company Number: 07109404 (England and Wales)
Registered Charity Number: 1134458
Registered office: 97 Barlow Moor Road
Didsbury
Manchester
M20 2GP
Trustees: Reverend A Delaney
Mrs S Small_(resigned 15th March 2022)_
Mr A Lee
Mr R Jackson_(resigned 20th February 2022)_
Mrs G Tuson_(resigned 4th July 2021)_
Mrs J Edwards
Mrs J Gbeleyi
Mr A J Skae_(appointed 21st April 2021)_
Mrs M Bucknor (appointed 26th January 2022)
Company Secretary: Mr A J Skae_(appointed 21st April 2021)_
Auditors: Allen Mills Howard Limited
Chartered Accountants and Statutory Auditors
Lewis House
56 Manchester Road
Altrincham
WA14 4PJ
Bankers: NatWest Bank PLC
699 Wilmslow Road
Didsbury
Manchester
M20 6NW
Scottish Widows Bank
PO Box 12757
67 Morrison Street
Edinburgh
EH3 8IJ
Aldermore
1stFloor, Block B, Western House
Lynch Wood
Peterborough
PE2 6FZ

1

Ivy Manchester Limited (Registered number: 07109104)

Report of the Trustees For the year ended 31[st] March 2022

(a company limited by guarantee)

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment, induction and training of new trustees

Any prospective new trustees are recommended by the current board to the Church congregation for their consideration. Church members are then able to vote on the appointment of the prospective trustee. A majority vote confirms the appointment. New trustees are kept updated through regular trustees’ meetings and communication throughout the year.

Organisational structure

The members delegate the management of the Church to the Elders. This leadership group consists of the Pastor, as presiding Elder, and other Elders. Elders are nominated by other Elders and appointed by a majority vote of members. Staff recruitment is overseen by the Elders, and this team (staff) are responsible for the day-to-day operations of the church.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

Fund-raising

The group does not carry out significant fundraising activities.

OBJECTIVES AND ACTIVITIES

Aims and purposes

The overall aim of Ivy Church is to advance the Christian faith for the benefit of the church and the public in Manchester, the United Kingdom and the rest of the world.

Objectives and activities

The vision of the Church is “Knowing, Growing, Going”;

Public benefit

The trustees confirm that they have, when and where necessary to do so, paid regard to the Charity Commissioner’s Guidance on Public Benefit when considering and making its decisions. Activities undertaken to further the charity’s purposes for the public benefit are show in the Review of Achievements and Performance section of this report.

2

Ivy Manchester Limited Report of the Trustees for the Year Ended 31[st] March 2022

REVIEW OF ACHIEVEMENTS AND PERFORMANCE FOR THE YEAR

Achievements and performance – the year in numbers:

Some key milestones:

Discover

Discover is all about how we can discover people far from God and help them discover Jesus, both together as a church, and by every person being equipped and empowered to reach out wherever they are, whoever they are with. In collaboration with Deploy, we have developed the Discipleship Pathway Course, helping us become disciples that make disciples through practical teaching, simple tools and empowering friendships. Many people have come to faith as a result and new discipleship groups have started and multiplied. We have continued to host Alpha courses throughout the year which have been extremely fruitful.

Ladybridge Connect

This year we have finally been able to utilise the wonderful site that God gave us in 2019. Sunday gatherings commenced at the Brockbank Centre in the summer and have been happening every week since and we have also seen the launch of regular FLOW worship nights led by Ivy members. The Ivy Café was launched on 18 November. Now open 3 days a week, we have already got to know a good number of regulars and the volunteer team have been amazing, showing dedication, friendship and professionalism as they serve God and the community and a number of visitors have commented on the great atmosphere. Our partnership with the sports clubs has grown from strength to strength and we have been able to create connections with local NHS, social services teams and Cheadle Hulme churches together.

Deliver

Deliver is all about how we reach out and bring people into the freedom of an ongoing and maturing relationship with Christ in connection with our church community. Our plans for pastoral care developments, including for more formal training, were cut short when the global pandemic took hold. As we entered lockdown, we recognised the need to be able to provide and deliver pastoral care in multiple contexts, including digitally. In September 2021 we relaunched Ivy Care following a training evening and now have listeners who provide support to those seeking help for an agreed period of time, walking alongside them and loving them in a time of need.

3

Ivy Manchester Limited

Report of the Trustees for the Year Ended 31[st] March 2022

CAP

We celebrated 10 years of the Ivy CAP Debt Centre and saw our 101st debt free client. This means that 265 people, their partners and children now live in a debt-free home. Through the generosity of Ivy members, we were also able to go the extra mile and bless clients with food shops, phone top-ups, flowers and chocolates.

Devote

Devote focuses on helping people to become wholehearted, devoted followers of Jesus in their daily lives through teaching, prayer and worship. Pete Dawson initially developed the role and Lisa Lee has taken it on more recently. We recognise that we have a new online family, so, since the end of June, we have continued with weekly Ivy Online Sunday services as well as meeting in person. We know many in different time zones join us globally, as well as those who watch together. We have continued with our weekday Faith Lifts, shared by our staff team and inspiring guests to a consistent, caring community which is continually growing. A highlight was the outdoor Carol Service at Cheadle Hulme which grows every year despite Covid. This time everyone enjoyed making a Christingle and more than a hundred people, including many from the local community braved the cold and heard the good news of Christ loud and clear.

Develop

Develop is all about how we equip one another for works of service, so that the body of Christ may be built up through releasing God’s power through God’s people; regardless of age, gender or race. At the start of the Autumn term the staff team had a retreat day where we spent time in fellowship, and gave presentations from the perspective of our individual roles within the team. We shared our visions and plans for the year ahead, prayed for one another and ended by taking communion together. The staff team has also benefited from training on various matters including diversity issues, multi-generational church, raising up others to serve, consolidating our vision and collaborating toward it.

WTC

One way many Ivy people develop their walk with Christ and influence for him is by studying with Westminster Theological Centre. Anthony remains a faculty member teaching Church Planting Leadership stream. During 2021 our partnership with WTC has continued to evolve as we have adapted to the ongoing impact of Covid 19. As restrictions eased and we were able to meet together face to face moving to the Brockbank Centre for Hub evenings and at our Residential in September. In October, Lorna Lindsay joined the team as Hub Director, to cover Abi Shuttleworth’s maternity leave.

Deploy

Deploy is all about how we deploy our church members into their world to make disciples, reaching people who are far from God. Throughout this year we continued to be committed to both local and world mission as church and in supporting our mission partners, as well working with other churches, organisations and people. Additionally, we continue to run our CAP centre, Eden Merseybank team and Ladybridge Connect. We are excited as we look forward to Festival Manchester and new opportunities for all of us to be on mission for God.

NewThing

Our partnership with NewThing exists to catalyse movements of reproducing churches that reproduce at every level. NewThing comes alongside apostolic leaders around the world to help them start and sustain movements of church planting in their city, nation or continent. Anthony Delaney and Ivy Church have been a key part of pioneering the work of NewThing in Western Europe since we joined the movement in 2015. In May of 2021, Tim Burr joined NewThing as Director for Western Europe covering for Emma Jeffery’s maternity leave. We celebrate the development of an apostolic team for the region in the past year, with Ian King (UK), Luc Favre (France, Switzerland) and Timo Heimlich (Germany) committing to working together to help equip and support churches to multiply.

LAUNCH

We were grateful to take what we had learnt about moving LAUNCH from a fully in-person event pre-Covid-19 to host three great, mostly online, events in 2021, which served well over 300 leaders from several nations throughout the year. One highlight was that over 30 attendees from across Uganda signed up for LAUNCH: Brave New Church. It has been incredible to see barriers being removed by moving online.

4

Report of the Trustees for the Year Ended 31[st] March 2022

Ivy Manchester Limited

Ivy Kids

We started this exciting year online with IKTV running weekly at the start of the year and then fortnightly as we were able to do more in person. Weekly zoom get togethers enabled the children to keep connected and im:press gave families devotional ideas. Care packages were sent out to all parents as they began home-schooling again at the start of the year. As restrictions lifted, Family church met for those with children aged 0-7 and we had lots of fun, places booked up very quickly and were enthusiastically received. IK Hang out for 7-11 year olds gave the children a chance to meet face to face and rebuild their friendships. Ivy Buds restarted in Cheadle Hulme and Didsbury as a support group for new mums and became a lifeline for many as they navigated the early days of parenthood in lockdown.

Backpackers Holiday club in the summer was a week of vibrant and exciting adventures and many Ivy kids brought their friends to hear the good news of Jesus. The Glow Party was also a lot of fun as we celebrated Jesus, the light of the world and Santa’s Grotto included a beautiful calm Nativity trail which allowed families to meet Santa and then focus on the real meaning of Christmas. In person church has allowed us to restart IK groups on Sunday mornings at Didsbury and Cheadle Hulme. We have focused on enabling and equipping families to disciple their children at home and the Advent Adventure has been a huge success as a kick start to simple activities to worship God together at home. The major change for IK this year has been saying goodbye and thank you to Katy Herrera and welcoming Holly Heap to the team.

Ivy Youth

We have always taken great pride in authentic relationships at Ivy Youth. Building great relationships is central to the culture we want to see and we have been constantly and consistently available to support the youth throughout the whole pandemic. As restrictions were lifted we moved all our weekly meetings back to Monday night and Ivy Youth continues to flourish. We have seen so many new young people come to us and get embedded into the family. We continued our once a month Sunday evening service, Ivy Celebration!

July 2021 saw Gemma Tuson’s move from dedicated volunteer to staff team member. Gemma ensures that the youth feel loved, welcomed and valued and most importantly has helped them to become closer to Jesus. We are so incredibly grateful to all our Youth Leaders who have made the past year so successful.

Grow Groups

We are hugely grateful to all our Grow Group leaders past and present who have faithfully and lovingly led our smaller community groups across Ivy Church. We have been able to meet as leaders in person three times this year to enjoy fellowship with one another, with more dates planned for 2022. We have also been able to launch our new Grow Group Connect team who oversee and care for a cluster of groups, acting as a point of contact, encouragement and listening ear to our leaders.

Comings and goings

This year has seen many people step into new things with God, joining or leaving the staff and eldership teams. We have said farewells to Katy Herrera, Heather Walters, Matt Round, Michelle Bucknor, Jo Kimball and Pete Dawson from the staff team plus Gemma Tuson, Sarah Small and Rob Jackson from the eldership. We are so thankful for their service and investment into Ivy Church over many years and we recognise the faithful support of their families within this. Some of those have moved away from Ivy now, they are very much missed.

We have also welcomed a number of new team members on both our staff and eldership over the past 12 months and are delighted with how well they have settled into their new roles. A huge well done to Danny Baker, Gemma Tuson, Holly Heap, Mike Ledger, Lorna Lindsay, Lisa Lee, Andrew Skae and Michelle Bucknor as they have said yes to God and Ivy Church for their next adventure.

5

Ivy Manchester Limited

Report of the Trustees for the Year Ended 31[st] March 2022

Financial Review

During the 2021/22 financial year, total incoming resources for the group were £897,928 (2021: £1,113,229) of which £857,597 (2021: £1,034,049) were voluntary donations and grants and their associated gift-aid. The income was used by the group to fulfil its objectives. This represented a decrease of 17% on the previous financial year.

Expenditure for the group was £960,761 (2021: £1,032,940) resulting in a net deficit for the year of £62,833 (2021: surplus of £80,359).

The trustees consider free reserves to represent net liquid or quasi-liquid funds that are available to the group in the short term to meet liabilities as they fall due. At the balance sheet date, the group’s reserves were £3,132,363 (2021: £3,195,196), of which free reserves were £431,687 (2021: £477,818).

Structure, Governance and Management

Ivy Manchester is based at 97 Barlow Moor Road, Didsbury, Manchester, M20 2GP.

Ivy Manchester is a company limited by guarantee, registered in England and Wales No. 7109404 and is a Registered Charity No. 1134458.

Reserves Policy & going concern

The purpose of the reserves policy is to smooth out any short term variations in funding and expenditure to ensure that the charity is able to fulfil its objectives without interruption. Under normal circumstances the trustees consider it appropriate to hold free reserves of between one and three months of typical “operating” expenditure.

For the financial year ending March 2023, the average monthly operating expenditure is budgeted to be £63,700 per month. This then requires the charity to maintain free reserves of between £63,700 and £191,100.

The trustees have reviewed the circumstances of the charity, particularly given the impact of the COVID-19 pandemic, and in light of the way the church has been able to respond operationally and how membership and giving remains strong, they are therefore of the opinion that the charity is a going concern.

6

Ivy Manchester Limited

Report of the Trustees for the Year Ended 31[st] March 2022

Trustees

The Trustees of Ivy Manchester Ltd during the financial year April 2021 to March 2022 were:

Anthony Delaney (Senior Pastor) Andrew Skae (Secretary) Sarah Small (Resigned 15[th] March 2022) Andy Lee Robert Jackson (Resigned 20[th] February 2022) Jane Edwards Gemma Tuson (Resigned 4[th] July 2021) Joyce Gbeleyi Michelle Bucknor (Appointed 26.01.2022)

The Directors of Ladybridge Connect Ltd during the financial year April 2021 to March 2022 were:

Robert Jackson Keith Nelson Ann Ball Simon Clarke Anthony Eglin (resigned 14[th] October 2021) Duncan Woodward (appointed 14[th] October 2021)

Trustees’ indemnity arrangements

Individual indemnities have been provided to the Trustees, under which the charitable company has agreed to indemnify the Trustees to the fullest extent permitted by law in respect of all liabilities to third parties arising out of, or in connection with, their execution of their powers, duties and responsibilities as Trustees of the group.

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The trustees (who are also the directors of Ivy Manchester Limited for the purposes of company law) are responsible for preparing the Report of the Trustees 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 which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the trustees are aware, there is no relevant information (as defined by Section 418 of the Companies Act 2006) of which the charitable companys auditors are unaware, and each trustee has taken all the steps that they ought to have taken as a trustee in order to make them aware of any audit information and to establish that the charitable companys auditors are aware of that information.

7

Ivy Manchester Limited

Report of the Trustees for the Year Ended 31[st] March 2022

AUDITORS

The auditors, Allen Mills Howard Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD

………………………………………… Mrs J Gbeleyi – Trustee 25[th] October 2022

8

Report of the Independent Auditors to the Members of Ivy Manchester Limited

Opinion

We have audited the financial statements of Ivy Manchester Limited (the 'parent charitable company') and its subsidiaries (the ‘group’) for the year ended 31[st] March 2022 which comprise the consolidated Statement of Financial Activities, the consolidated Balance Sheet, the consolidated Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (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 Auditors responsibilities for the audit of the financial statements section of our report. We are independent of the charitable group 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 in the circumstances set out in note 25 to the financial statements, 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 doubt on the group’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. The other information comprises the information included in the annual report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable group and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

9

Report of the Independent Auditors to the Members of Ivy Manchester Limited

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees Responsibilities set out on page eight, the trustees (who are also the directors of the charitable group for the purposes of company law) are responsible for the preparation of the financial statements in accordance with the applicable financial reporting framework 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 group's ability to continue as a going concern, as well as 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 group or to cease operations, or have no realistic alternative but to do so.

Auditors’ 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 a Report of the Independent Auditors 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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

As part of designing our audit work, we determined materiality and assessed the risks of material misstatement in the financial statements, including how fraud may occur by enquiring of management of its own consideration of fraud. In particular, we looked at where management made subjective judgements, for example in respect of significant accounting estimates, that involved making assumptions and considering future events that are inherently uncertain.

We also considered potential financial and other pressures, opportunity and motivation for fraud. As part of this discussion we identified internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations and how management monitor these processes. Appropriate procedures included the review and testing of manual journals and key estimates and judgements made by management.

We gained an understanding of the legal and regulatory framework applicable to the group and the environment in which it operates, drawing on our sector experience, and considered the risk of acts by the group that were contrary to these laws and regulations, including fraud.

We focused on laws and regulations that could give rise to a material misstatement in the financial statements, including, but not limited to, the Charities Act, Employment Laws, UK tax legislation and equivalent local laws and regulations.

We made enquires of management with regards to compliance with applicable laws and regulations and corroborated any necessary evidence to relevant information, for example, minutes of the trustees’ meetings.

We addressed the risk of management override of internal controls including testing journals and evaluating whether there was evidence of bias by management that represented a risk of material misstatement due to fraud.

10

Report of the Independent Auditors to the Members of Ivy Manchester Limited

Auditors’ responsibilities for the audit of the financial statements

Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentation or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it.

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 Report of the Independent Auditors.

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 auditors' 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.

Mr David Allen FCCA (Senior Statutory Auditor) For and on behalf of Allen Mills Howard Limited Chartered Accountants & Statutory Auditors Lewis House, 56 Manchester Road, Altrincham, Cheshire, WA14 4PJ

26[th] October 2022

11

Ivy Manchester Limited (Registered number: 07109404)

Consolidated Statement of Financial Activities (Incorporating a consolidated Income and Expenditure Account) For the year ended 31[st] March 2022

Unrestricted Restricted Total Total
Funds Funds Funds Funds
2022 2021
Notes £ £ £ £
Income from:
Donations 3 809,146 48,451 857,597 1,034,049
Charitable activities 5 7,738 1,624 9,362 66,327
Other trading activities 6 22,043 - 22,043 4,397
Investment income 777 - 777 1,164
Other 8,149 - 8,149 7,362
______ ______ ______ ______
Total income 847,853 50,075 897,928 1,113,299
______ ______ ______ ______
Expenditure on:
Cost of raising funds
Cost of raising funds and other costs 4 114,424 - 114,424 56,084
Charitable activities:
Staff costs 7 371,564 39,680 411,244 461,636
Church operating expenses 8 400,390 34,703 435,093 515,220
______ ______ ______ ______
Total expenditure 886,378 74,383 960,761 1,032,940
______ ______ ______ ______
Net income/(expenditure) (38,525) (24,308) (62,833) 80,359
Extraordinary item 9 - - - 2,435,000
Transfers between funds (23,436) 23,436 - -
______ ______ ______ ______
Net movement in funds (61,961) (872) (62,833) 2,515,359
______ ______ ______ ______
RECONCILIATION OF FUNDS
Total funds brought forward 3,180,009 15,187 3,195,196 679,837
______ ______ ______ ______
Total funds carried forward 3,118,048
______		 14,315
______		 3,132,363
______		 3,195,196
______

All results relate to continuing operations and there are no gains or losses other than those shown above.

The notes form part of these financial statements.

12

Ivy Manchester Limited (Registered number: 07109404)

FIXED ASSETS
Tangible assets
CURRENT ASSETS
Debtors
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
CREDITORS
Amounts falling due in more than one year
TOTAL NET ASSETS
FUNDS OF THE CHARITY
Unrestricted funds:
General
Designated
Restricted funds		 Consolidated Balance Sheet
For the year ended 31st March 2022
2022
2022
2021
2021
Group
Charity
Group
Charity
Notes
£
£
£
£
14
3,440,556
2,424,081
3,438,376
2,456,766
15
69,905
184,734
68,640
176,625
445,783
403,930
478,692
441,133
_
_
_
_
515,688
588,664
547,332
617,758
16
84,001
44,392
69,514
32,218
_
_
_
_
431,687
544,272
477,818
585,540
_
_
_
_
3,872,243
2,968,353
3,916,194
3,042,306
17
739,880
-
720,998
-
_
_
_
_
3,132,363
2,968,353
3,195,196
3,042,306
__
_
19
2,951,541
2,787,531
3,012,615
2,859,725
166,507
166,507
167,394
167,394
14,315
14,315
15,187
15,187
_
_
_
_
3,132,363
2,968,353
3,195,196
3,042,306



___

These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies.

The financial statements were approved by the Board of Trustees on 25[th] October 2022 and were signed on its behalf by:

…………………………………………. …………………………………………. Mrs J Gbeleyi – Trustee Mrs M Bucknor – Trustee

The notes form part of these financial statements

13

Ivy Manchester Limited (Registered number: 07109404)

Statement of Cash Flows and Consolidated Statement of Cash Flows For the year ended 31st March 2022

2022 2022 2021 2021
Group Charity Group Charity
Notes £ £ £ £
Cash used in operating activities 23 62,087
______		 (24,573)
______		 418,658
______		 60,012
______
Cash flows from investing activities
Purchase of tangible fixed assets (95,773) (13,407) (405,730) (20,977)
Interest from investments 777 777 1,164 1,164
_ _ _ _
Cash used in investing activities (94,996) (12,630) (404,566) (19,813)
_ _ _ _
Increase (decrease) in cash and cash
equivalents in the year (32,909) (37,203) 14,092 40,199
_ _____ _ _
Cash and cash equivalents at the beginning of
the year 478,692 441,133 464,600 400,934
_ _ _ _
Total cash and cash equivalents at the end
of the year 24 445,783
______		 403,930
______		 478,692
______		 441,133
______

The notes form part of these financial statements

14

Ivy Manchester Limited (Registered number: 07109404)

Notes to the Financial Statements For the year ended 31st March 2022

1. Statutory information

Ivy Manchester Limited is a private charitable company, limited by guarantee, registered in England and Wales. The charitable company’s registered number and registered office can be found on the Report of the Trustees. Ivy Manchester Limited is a public benefit entity.

The presentation currency for the financial statements is Pound Sterling (£).

2. Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland”, the Companies Act 2006 and the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice, issued in October 2019. The financial statements have been prepared under the historical cost convention.

Preparation of the accounts on the going concern basis

The trustees have reviewed the circumstances of the charitable group and consider that adequate resources continue to be available to fund the activities of the Church, and of Ladybridge Connect Limited, for the foreseeable future. The trustees are of the opinion, therefore, that no material uncertainties relating to going concern exist and it remains appropriate to prepare the consolidated accounts on a going concern basis.

Group financial statements

The financial statements consolidate the results of the charity and Ladybridge Connect Limited on the basis that Ivy Manchester Limited controls Ladybridge Connect Limited by virtue of holding a majority of the company’s voting rights. The financial statements have been consolidated on a line-by-line basis. A separate Statement of Financial Activities and Income and Expenditure account for the charity has not been presented because the charity has taken advantage of the exemption afforded by section 408 of the Companies Act 2006.

Incoming resources

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

Government grants received are recognised on a receivable basis. Non government grants relating to capital assets are recognised as income over the expected useful life of the asset.

Investment income comprises of interest receivable.

Resources expended

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to headings, they have been allocated to activities on a basis consistent with the use of resources. Expenditure includes any VAT which cannot be recovered.

Costs of raising funds relates to the expenditure of the subsidiary undertaking. Charitable activities relates to expenditure incurred in the furtherance of the charitable objectives.

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include website, cleaning, computer costs, lease of equipment, bank charges and subscriptions. The costs for employing support staff are included in staff costs within note 7 to the financial statements.

15

Ivy Manchester Limited (Registered number: 07109404)

Notes to the Financial Statements For the year ended 31st March 2022

Governance costs

Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice.

Volunteers

The value of services provided by volunteers is not incorporated into these financial statements. Further details of the contribution made by volunteers can be found in the Trustees’ Annual Report.

Tangible fixed assets

Donated freehold land and buildings are initially recognised at fair value and depreciated on a straight-line basis over their estimated useful lives. Individual fixed assets costing £1,000 or more are capitalised at cost and depreciated on a straight-line basis over the estimated useful lives as follows:

Freehold land & buildings - 50 years
Leasehold land & property - 10, 20, 50 & 125 years
Fixtures and fittings - 5 years
Plant and machinery - 5 years

Land is not depreciated.

Impairment reviews are carried out when there is some indication that the carrying amount of a functional fixed asset is below its net book value.

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are recognised at their settlement amount after allowing for any trade discounts due. Deferred income relates to conference contributions and grants received during the year which relate to future periods.

Operating leases

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight-line basis over the period of the lease.

Taxation

As a registered charity, the company benefits from rates relief and is generally exempt from Income Tax, Corporation Tax and Capital Gains Tax, but not Valued Added Tax.

Pensions

The charity operates defined contribution pension schemes. Contributions payable to the charity’s pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Fund accounting

Unrestricted funds are those funds for use at the discretion of the trustees in furtherance of the general objective of the charity.

Designated funds are unrestricted funds earmarked by the wider leadership team for a particular purpose.

16

Ivy Manchester Limited (Registered number: 07109404)

Notes to the Financial Statements For the year ended 31st March 2022

Fund accounting (continued)

Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of the appeal. It is the policy of the charity for any tax reclaimed on all types of gift aid payments to be retained by the charity and placed in the unrestricted funds, unless otherwise specifically requested by the donor.

Company Status

Ivy Manchester Limited is a company limited by guarantee. The members of the company are the trustees. 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.

Related party transactions

The company has taken advantage of the exemption in Financial Reporting Standard No. 8 ‘Related Party Disclosures’ not to disclose transactions with group companies which are eliminated on consolidation in the group financial statements.

  1. Donations
Unrestricted Restricted 2022 2021
Funds Funds Total Total
£ £ £ £
Gifts & offerings 642,808 38,451 681,259 804,271
Grants received 26,881 10,000 36,881 68,235
Tax refunds 139,457 - 139,457 161,543
______ ______ ______ ______
809,146
______		 48,451
______		 857,597
______		 1,034,049
______

17

Ivy Manchester Limited (Registered number: 07109404)

Notes to the Financial Statements For the year ended 31st March 2022

4. Subsidiary company results

4.
Subsidiary company results
As reported in subsidiary
financial statements
2022 2021
£ £
Turnover 38,243 7,246
Other income 55,551 23,260
______ ______
Total income 93,794 30,506
Operating costs (66,924) (16,266)
Legal & professional fees - (2,100)
Depreciation (47,500) (37,718)
______ ______
Total expenditure (114,424) (56,084)
______ _______
Profit/(loss) for the year (20,630)
______		 (25,578)
______

Ivy Manchester Limited controls Ladybridge Connect Limited by virtue of owning the majority of the company’s voting rights. The company carries out the operation of sports facilities and the trading results for the year are set out above. The results of the subsidiary company are included in these financial statements.

Ladybridge Connect Limited’s registered office is the same as that of Ivy Manchester Limited.

At the 31[st] March 2022 the aggregate amount of this company’s assets, liabilities and reserves was:

2022 2021
£ £
Fixed assets 1,016,476 981,609
Current assets 45,717 48,267
Creditors: amounts falling due within one year (53,923) (44,618)
______ ______
(8,206) 3,649
Creditors: amounts falling due after more than one year (1,067,519) (1,023,878)
______ ______
Capital & reserves (59,249)
______		 (38,620)
______

18

Ivy Manchester Limited (Registered number: 07109404)

Notes to the Financial Statements For the year ended 31st March 2022

5. Charitable activities
Unrestricted Restricted 2022 2021
Funds Funds Total Total
£ £ £ £
Rental income 1,850 - 1,850 1,000
Conferences 5,888 1,624 7,512 65,327
______ ______ ______ ______
7,738
______		 1,624
______		 9,362
______		 66,327
______
6. Other trading activities
Unrestricted Restricted 2022 2021
Funds Funds Total Total
£ £ £ £
Ivy café 6,575 - 6,575 -
Rents & service charges 15,468 - 15,468 4,397
_ _ _ _
22,043 - 22,043 4,397
______ ______ ______ ______
7. Staff costs
Unrestricted Restricted 2022 2021
Funds Funds Total Total
£ £ £ £
Salaries 313,971 39,680 353,651 394,333
Social security 23,703 - 23,703 28,299
Pensions 33,890 - 33,890 39,004
______ ______ ______ ______
371,564
______		 39,680
______		 411,244
______		 461,636
______

There were no employees with employee benefits (excluding employer pension costs) of £60,000 or more in the year (2021: none).

The average number of employees was as follows:

Pastoral Team
Children’s workers
Administration Team		 2022
6
4
9
__
19
____		 2021
8
3
9
__
20
____

19

Ivy Manchester Limited (Registered number: 07109404)

Notes to the Financial Statements For the year ended 31st March 2022

7. Staff costs (cont’d)

In addition to these employees, many volunteers who worship at the church donate a great amount of time to Ivy Manchester Limited. The value of this time is impossible to reflect in these financial statements.

The Key Management Personnel of the charity, and of the group, comprises of the Core Team. Employee benefits relating to the Key Management Personnel of the group during the year were £108,953 (2021: £108,532).

8. Church operating expenditure

Unrestricted Restricted 2022 2021
Funds Funds Total Total
£ £ £ £
Mission support 99,860 15,524 115,384 121,482
Church services off-site 13,801 - 13,801 39,324
Contributions and donations 64,560 13,050 77,610 91,371
Church materials 17,472 - 17,472 9,898
Repairs and renewals 17,002 - 17,002 28,603
Children, youth and student 22,843 - 22,843 7,053
Academy, Sport, Fuse, Sharston,
Central and Cheadle Hulme 4,873 - 4,873 33,626
Training 4,932 - 4,932 3,288
Website 38,607 - 38,607 38,125
Conference expenditure - 6,126 6,126 52,755
Light and heat 11,125 - 11,125 7,220
Travel 5,217 - 5,217 2,601
Cleaning 10,585 - 10,585 8,363
Printing, postage and stationery 3,899 - 3,899 2,626
Telephone 3,575 - 3,575 2,854
Depreciation 46,092 - 46,092 33,166
Rent, rates and water 5,857 - 5,857 6,033
Catering 783 - 783 1,008
Computer costs 3,606 - 3,606 1,827
Insurance 4,938 - 4,938 4,481
Lease of equipment 1,656 - 1,656 1,656
Bank charges 4,478 3 4,481 4,490
Subscriptions 899 - 899 965
Legal & professional fees 4,173 - 4,173 4,478
Sundries 1,332 - 1,332 327
Governance costs (note 10) 8,225 - 8,225 7,600
______ ______ ______ ______
400,390
______		 34,703
______		 435,093
______		 515,220
______

Support costs include website, cleaning, computer costs, lease of equipment, bank charges & subscriptions.

20

Ivy Manchester Limited (Registered number: 07109404)

Notes to the Financial Statements For the year ended 31[st] March 2022

9. Extraordinary item

On 9[th] October 2020, Brockbank Foundation Ltd, a charity registered in England & Wales, donated the church building and two residential properties to Ivy Manchester Limited. This donation was valued by Smithers Purslow Ltd on 5[th] January 2022 at £2,435,000. The donated land and property are recognised on the balance sheet within tangible fixed assets.

10. Governance costs

Auditors’ remuneration
Auditors’ remuneration – non audit services
Irrecoverable VAT		 2022
2022
Group
Charity
£
£
3,867
3,867
5,327
2,987
1,371
1,371
__
_
10,565
8,225

___		 2021
Group
£
4,453
2,930
1,267
__
8,650
____		 2021
Charity
£
4,453
1,880
1,267
__
7,600
____

11. Trustees’ remuneration and expenses

Rev. Anthony Delaney

Remuneration including pension contributions £60,001 - £70,000

The Senior Pastor, Rev. Anthony Delaney, is remunerated in accordance with charitable company’s Memorandum and Articles of Association and his contract of employment for work done on behalf of the church.

Three trustees (2021: two trustees) were reimbursed £22,972 (2021: £18,105) for travel & church activity expenses during the year.

The number of trustees to whom retirement benefits were accruing was as follows:

2022 2021
Money purchase schemes 1 1

12. Results of the charitable company

As permitted by Section 408 of the Companies Act 2006, the parent company’s Income and Expenditure Account has not been included in these financial statements. The parent company’s deficit for the financial year was £73,953 (2021: £62,238 surplus).

21

Ivy Manchester Limited (Registered number: 07109404)

Notes to the Financial Statements For the year ended 31[st] March 2022

13. Comparatives for the Statement of Financial Activities (Year Ending 31[st] March 2021)

Unrestricted Restricted Total
Funds Funds Funds
2021 2021 2021
£ £ £
Income from:
Donations 951,540 65,385 1,016,925
Charitable activities 30,851 42,838 73,689
Other trading activities 21,521 - 21,521
Investment income 1,164 - 1,164
______ ______ ______
Total income 1,005,076 108,223 1,113,299
______ ______ ______
Expenditure on:
Cost of raising funds
Cost of raising funds and other costs 56,084 - 56,084
Charitable activities:
Staff costs 429,460 32,176 461,636
Church operating expenses 361,266 153,954 515,220
______ ______ ______
Total expenditure 846,810 186,130 1,032,940
______ ______ ______
Net income/(expenditure) 158,266 (77,907) 80,359
Extraordinary item 2,435,000 - 2,435,000
Transfers between funds (38,648) 38,648 -
______ ______ ______
Net movement in funds 2,554,618 (39,259) 2,515,359
______ ______ ______
RECONCILIATION OF FUNDS
Total funds brought forward 625,391 54,446 679,837
______ ______ ______
Total funds carried forward 3,180,009
______		 15,187
______		 3,195,196
______

22

Ivy Manchester Limited (Registered number: 07109404)

Notes to the Financial Statements For the year ended 31[st] March 2022

14. Tangible fixed assets
Land Plant and PA equipment Fixtures
Group & property machinery and computers and fittings Total
£ £ £ £ £
COST:
At 1stApril 2021 3,375,499 - 133,247 156,081 3,664,827
Additions 40,699 25,637 - 29,437 95,773
_ _ _ _ _
At 31stMarch 2022 3,416,198 25,637 133,247 185,518 3,760,600
_ _ _ _ _
DEPRECIATION:
At 1stApril 2021 26,467 - 113,457 86,527 226,451
Charge for year 57,472 5,127 6,620 24,374 93,593
_ _ _ _ _
At 31stMarch 2022 83,939 5,127 120,077 110,901 320,044
_ _ _ _ _
NET BOOK VALUE:
At 31stMarch 2022 3,332,259 20,510 13,170 74,617 3,440,556
_ _ _ _ _
At 31stMarch 2021 3,349,032 - 19,790 69,554 3,438,376
_ _ _ _ _
Land & PA equipment Fixtures
Charity property and computers and fittings Total
£ £ £ £
COST:
At 1stApril 2021 2,435,000 133,247 67,106 2,635,353
Additions - - 13,407 13,407
_ _ _ _
At 31stMarch 2022 2,435,000 133,247 80,513 2,648,760
_ _ _ _
DEPRECIATION:
At 1stApril 2021 - 113,457 65,130 178,587
Charge for year 36,100 6,619 3,373 46,092
_ _ _ _
At 31stMarch 2022 36,100 120,076 68,503 224,679
_ _ _ _
NET BOOK VALUE:
At 31stMarch 2022 2,398,900 13,171 12,010 2,424,081
_ _ _ _
At 31stMarch 2021 2,435,000 19,790 1,976 2,456,766
_ _ _ _

Included in land and property is a church building, land and two residential properties which were donated to the group during the year by Brockbank Foundation Ltd, a charity registered in England & Wales. The value of the donation was valued by Smithers Purslow on an Investment Value (Worth) basis on 5[th] January 2022 at £2,435,000.

23

Ivy Manchester Limited (Registered number: 07109404)

Notes to the Financial Statements For the year ended 31[st] March 2022

15. Debtors: Amounts falling due within one year

2022
2022
Group
Charity
£
£
Trade debtors
1,548
-
Prepayments and accrued income
65,897
64,073
VAT
491
-
Other debtors
1,969
1,969
__
_
69,905
66,042
Amounts falling due after more than one year
Amounts owed from related undertaking
-
118,692
_
_
Aggregate amounts
69,905
184,734


16.
Creditors: Amounts falling due within one year
2022
2022
Group
Charity
£
£
Accruals and deferred income
77,809
38,200
Taxation and social security
6,182
6,182
Other creditors
10
10


84,001
44,392

___		 2021
2021
Group
Charity
£
£
-
-
57,842
56,005
8,871
-
1,927
1,928
__
_
68,640
57,933
-
118,692
_
_
68,640
176,625


2021
2021
Group
Charity
£
£
68,948
31,652
-
-
566
566


69,514
32,218

___		 2021
2021
Group
Charity
£
£
-
-
57,842
56,005
8,871
-
1,927
1,928
__
_
68,640
57,933
-
118,692
_
_
68,640
176,625


2021
2021
Group
Charity
£
£
68,948
31,652
-
-
566
566


69,514
32,218

___
2021
Charity
£
31,652
-
566
__
32,218
____

Deferred income consists of contributions received in advance towards events taking place in the following financial year. Also included is deferred capital grant income which is released to the Statement of Financial Activities over the useful economic life of the fixed assets on which it was spent. Deferred income brought forward from the previous year was £740,111, income deferred in the year was £40,611 and deferred income released to the Statement of Financial Activities in the year was £23,933.

17. Creditors: Amounts falling due after one year

2022
2022
2021
Group
Charity
Group
£
£
£
Deferred grant income
719,400
-
720,998
Other creditors
20,480
-
-
__
_

739,880
-
720,998


___		 2021
Charity
£
-
-
__
-
____

24

Ivy Manchester Limited (Registered number: 07109404)

Notes to the Financial Statements For the year ended 31[st] March 2022

17. Creditors: Amounts falling due after one year (cont’d)

Amounts falling due after five years and not repayable by instalments:

2022
2022
2021
Group
Charity
Group
£
£
£
Deferred grant income
639,510
-
655,807
Other creditors
12,288
-
-
_
_
_
651,798
-
655,807
__
_
___		 2021
Charity
£
-
-
_
-
______

18. Operating lease commitments

The following operating lease payments are committed to be paid:

2022 2021
£ £
Within than one year 2,656 2,656
Between two and five years 4,828 6,484
More than five years 116,000 117,000
______ ______
123,484
______		 126,140
______

Operating lease payments recognised as an expense in the year totalled £2,656 (2021: £2,656).

25

Ivy Manchester Limited (Registered number: 07109404)

Notes to the Financial Statements For the year ended 31[st] March 2022

19. Movement in funds

Group

1st April Incoming Resources 31st March
2021 Resources Expended Transfers 2022
£ £ £ £ £
Unrestricted funds:
General fund 3,012,615 739,089 (773,422) (26,740) 2,951,542
Designated funds 167,394 108,764 (112,956) 3,304 166,506
_ _ _ _ _
3,180,009 847,853 (886,378) (23,436) 3,118,048
Restricted funds 15,187 50,075 (74,383) 23,436 14,315
_ _ _ _ _
3,195,196
897,928		 (960,761) - 3,132,363
**_ ** _ **_ ** _ **_ **

Comparative net movement in funds included in the above are as follows:

Extra-
1stApril Incoming Resources ordinary 31stMarch
2020 Resources Expended Transfers item 2021
£ £ £ £ £
Unrestricted funds:
General fund 492,249 847,405 (768,435) (7,148) 2,435,000 2,999,071
Designated funds 133,142 157,671 (78,375) (31,500) - 180,938
_ _ _ _ _ _
625,391 1,005,076 (846,810) (38,648) 2,435,000 3,180,009
Restricted funds 54,446 108,223 (186,130) 38,648 - 15,187
_ _ _ _ _ _
679,837
_		 1,113,299
_		 (1,032,940)
_		 -
_		 2,435,000
_		 3,195,196
_

26

Ivy Manchester Limited (Registered number: 07109404)

Notes to the Financial Statements For the year ended 31[st] March 2022

20. Analysis of group net assets between funds

Total
General Designated Restricted funds
£ £ £ £
Tangible fixed assets 3,440,556 - - 3,440,556
Cash at bank and in hand 262,152 169,268 14,363 445,783
Other net current assets/(liabilities) (11,287) (2,761) (48) (14,096)
Creditors of more than one year (739,880) - - (739,880)
______ ______ ______ ______
2,951,541 166,507 14,315 3,132,363
______ ______ ______ ______
Analysis of group net assets between funds – prior year
Total
General Designated Restricted funds
£ £ £ £
Tangible fixed assets 3,438,376 - - 3,438,376
Cash at bank and in hand 295,369 167,470 15,853 478,692
Other net current assets/(liabilities) (132) (76) (666) (874)
Creditors of more than one year (720,998) - - (720,998)
______ ______ ______ ______
3,012,615
______		 167,394
______		 15,187
______		 3,195,196
______

27

Ivy Manchester Limited (Registered number: 07109404)

Notes to the Financial Statements For the year ended 31[st] March 2022

21. Related party disclosures

Trustee, Reverend Anthony Delaney, is an employee of Ivy Manchester Limited and received remuneration from the company during the year, as set out in note 11 “Trustees’ remuneration and expenses”.

During the year, the group employed a son and two daughters of trustee Anthony Delaney (Hannah Bettany, Emma Jeffrey and Joel Delaney), as well as the spouses of trustees Sarah Small (Stephen Small) and Robert Jackson (Gail Jackson). These related parties received employee benefits in the year totalling £74,862 (2021: £92,771).

During the year, the aggregate donations received from trustees and related parties without conditions was £72,190 (2021: £57,825).

Key Management Personnel employee benefits are disclosed in note 7.

22. Pension commitments

The group operates defined contribution pension schemes for its employees. The assets of the schemes are held separately from those of the group in independently administered funds. Contributions payable for the year are charged to the Statement of Financial Activities.

The pension charge included in the Statement of Financial Activities for the year was £33,890 (2021: £39,004). There were no pension commitments outstanding at the end of the current or previous financial year.

28

Ivy Manchester Limited (Registered number: 07109404)

Notes to the Financial Statements For the year ended 31[st] March 2022

23. Reconciliation of net movement in funds to net cash flow from operating activities

Net movement in funds
Donated fixed assets received
Depreciation charge
Interest from investments
Decrease/(increase) in trade
and other debtors
Increase/(decrease) in trade
and other creditors
Net cash used in operating activities
24.
Analysis of cash and cash equivalents
Cash at bank and in hand		 2022
Group
£
(62,833)
-
93,593
(777)
(1,265)
33,369
__
62,087
_
2022
Group
£
445,783
_
445,783
___		 2022
2021
2021
Charity
Group
Charity
£
£
£
(73,953)
2,515,359
2,497,238
-
(2,435,000)
(2,435,000)
46,092
68,245
33,166
(777)
(1,164)
(1,164)
(8,109)
(10,006)
(7,493)
12,174
281,224
(26,735)
__
_
_
(24,573)
418,658
60,012
_
_
_
2022
2021
2021
Charity
Group
Charity
£
£
£
403,930
478,692
441,133


_
403,930
478,692
441,133


____

25. FRC Ethical Standard: Provisions Available for Audits of Small Entities

In common with many other charities of our size and nature, we use our auditors to assist with the preparation of our financial statements and to make submissions to the tax authorities.

29