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||Page|
|---|---|
|Report ofthe Trustees|1-12|
|Report ofthe Independent
Auditors|13-15|
|Consolidated
Statement ofFinancial Activities|16|
|Consolidated
and Parent Company Balance Sheet|17|
|Consolidated
Statement ofCash Flosvs|18|
|Notes to the Financial Statements|19-34|
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|Registered|Compauy|Number:|07109404(England and|07109404(England and|07109404(England and|Wales)|
|---|---|---|---|---|---|---|
|Registered|Charity Number:||1134458||||
|Registered|office:||97Bsrlow Moor Road||||
||||Didsbmy||||
||||Manchester||||
||||M202GP||||
|Trustees:|||Reverend A Delsney||||
||||Mr A Lee||||
||||Mrs JEdwards||||
||||Mrs JGbeleyi||||
||||Mr AJSkae||||
||||Mrs M Bucknor||||
||||Miss JScott (appointed|||25th danttaty 2023)|
||||Mr P Booth (appointed|||sn October 2023)|
|Company|Secretary:||Mr A J Skae||||
|Auditors:|||Allen Mills Howard||Limited||
||||Chartered
Accountants|||and Statutory Auditors|
||||Lewis House||||
||||56Manchester|Road|||
||||Altrinchsm||||
||||WA14 4PJ||||
|Bankers;|||NatWest Bank|PLC|||
||||699Wilmslow|Road|||
||||Didsbury||||
||||Manchester||||
||||M20 6NW||||
||||Scottish Widows Bank||||
||||PO Box12757||||
||||67Morrison Street||||
||||Edinburgh||||
||||EH3 81J||||
||||Aldermore||||
||||1"Floor, Block B,Western House||||
||||Lynch Wood||||
||||Peterborough||||
||||PE2 6FZ||||
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||||Uurestricted|Reshicted|Total|Total|
|---|---|---|---|---|---|---|
||||Funds|Funds|Funds|Funds|
|||Notes|||2023f|2022
f.|
|Incotue from:|||||||
|Donations|||793,028|52,422|845,450|857,597|
|Charitable
activities|||11,425|53,672|65,097|7,512|
|Other trading activities|||81&369||81,369|23,893|
|Invesnnent
income|||1&524||1,524|777|
|Other|||584||584|8, 149|
|Total income|||887,930|106,094|994,024|897,928|
|Expenditure
on.'|||||||
|Raising funds:|||||||
|Trading
and other costs|||117,121||117,121|114,424|
|Charitable
activities:|||||||
|Church operating
expenses|||790,164|98,209|888&373|846,337|
|Total expenditure|||907,285|98&209|1,005,494|960,761|
|Gains on investment|property|15|291,941||291,941||
|Net income/(expenditure)|||272,586|7,885|280&471|(62,833)|
|Transfers
between|funds||(4,189)|4,189|||
|Net ntovement
in funds|||268397|12&074|280,471|(62,833)|
|RECONCILIATION|OF FUNDS||||||
|Total funds brought|fomvard||3,118&048|14315|3,132&363|3,195,196|
|Total funds cam4ed|fomvard||3,386,445|26,389|3,412,834|3,132,363|
##
|I
Manche|ster
Lhnited|ster
Lhnited|e istered numb|er:
07109404|||
|---|---|---|---|---|---|---|
||Consolidated||Balance Sheet||||
||For the|ear ended 31"March 2023|||||
||||2023|2023|2022|2022|
||||Group|Charity|Group|Charity|
||Notes||||||
|FIXEDASSETS
Tangible assets
Investment
property|14
15|3&185,296
470,000||2,238)524
470,000|3,440,556|2,424,081|
|||3,655&296||2,708,524|3,440,556|2,424,081|
|CURRENT ASSETS|||||||
|Stock
Debtors
Cash at bank and in hand|16||2&272
43,214
466,659|152,818
421,061|69,905
445,783|184,734
403,930|
||||512&145|573,879|515,688|588,664|
|CREDITORS
Amounts
falling due ivithin one year|17||56,182|28&281|84,001|44,392|
|NET CURRENT ASSETS|||4551963|545)598|431,687|544,272|
|TOTAL ASSETSLESS CURRENT
IJABILITIES||4&111459||3/54, 122|3,872,243|2,968,353|
|CREDITORS|||||||
|Amounts
falling due in moiv, than oue year|18||698,425||739,880||
|TOTAL NET ASSETS||3&412,834||3,254,122|3 132363|2,968,353|
|FUNDS OF THE CHARITY|20||||||
|Unrestricted
funds:
General
Designated||3,226,046
160899||3,067,334
160,399|2,951,541
166,507|2,787,531
166,507|
|Restidcted funds|||26,389|26,389|14,315|14,315|
||||3,412,834|3454,122|3,132,363|2,968,353|
##
##
|||||2023|2023|2022|2022|
|---|---|---|---|---|---|---|---|
||||Notes|Group|Charityf|Group|Charity
f.|
|Cash used in operating
activities|||24|57,442|53,697|62,087|(24,573)|
|Cash flows frotu investing|activities|||||||
|Putchase oftangible fixed assets
Sales oftaugible fixed assets||||(40,959)
2,869|(40&959)
2,869|(95,773)|(13,407)|
|Interest from investments||||1,524|1,524|777|777|
|Cash used in investing
activities||||(36,566)|(36)566)|(94,996)|(12,630)|
|Increase (decrease)
in cash|and cash|||||||
|equivalents
in the year||||20,876|17,131|(32,909)|(37,203)|
|Cash and cash equivalents|at the beginning of|||||||
|the year||||445,783|403)930|478,692|441,133|
|Total cash aud cash equivalents||at the end||||||
|ofthe year|||25|466,659|421,061|445,783|403,930|
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|Subsidiary
company results|||
|---|---|---|
||As reported|in subsidiary|
||flnanctal|statements|
||2023|2022|
|||f.|
|Turnover|86&808|38,243|
|Other income|39&805|55,551|
|Total lucome|126,613|93,794|
|Operating
costs
Depreciation|(71,533)
(45,588)|(66,924)
(47,500)|
|Total expenditure|(117,121)|(114,424)|
|Profit/(loss)
for the year|9&492|(20,630)|
||||2023|2022|
|---|---|---|---|---|
|||||f.|
|Fixed assets|||946,773|1,016,476|
|Current assets|||56&957|45,717|
|Creditors:|amounts|falling due within one year|(42&548)|(53,923)|
||||14,409|(8,206)|
|Creditom:|amounts|falling due after more than one year|(1&010&939)|(1,067,519)|
|Capital dt|reserves||(49,757)|(59,249)|
##
|5.|Charitable|activities|activities|Unrestricted|Restricted|2023|2022|
|---|---|---|---|---|---|---|---|
|||||Funds|Funds|Total|Total|
||||||||f.|
||Confetences||||52&561|52,561|7,512|
||Other|||11,425|1,111|12&536||
|||||11,425|53,672|65,097|7,512|
|6.|Other trading||activities|||||
|||||Unrestricted|Restricted|2023|2022|
|||||Funds|Funds|Total|Total|
||Ivy caf6
Room hire &service charges
Rental income|||37,320
29,686
14,363||37&320
29&686
14&363|6,575
15,468
1,850|
|||||81,369||81,369|23,893|
|7.|Staff costs|||||||
|||||Unrestricted|Restricted|2023|2022|
|||||Funds|Funds|Total|Total|
||Gross salaries
Social security
Employer pension|||346,943
20,404
33,861|10,644|357,587
20,404
33&861|353,651
23,703
33,890|
|||||401,208|10,644|411,852|411,244|
##
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||Unrestricted|Restricted|2023|2022|
|---|---|---|---|---|
||Funds|Funds|Total|Total|
|||8|||
|Mission support|85,425|23,374|108,799|115,384|
|Church services off-site|21,850||21,850|13,801|
|Contributions
and donations|63,759|9,224|72,983|77,610|
|Church materials
Staffcosts (note 7)|11&895
323,838|10,644|11,895
334,482|17,472
335,925|
|Repairs and renewals|27,191||27&191|17,002|
|Children,
youth and student|12)904||12&904|22,843|
|Academy,
Sport, Fuse, Sharston,|||||
|Central and Cheadle Hutme|2,988||2,988|4,873|
|Training
Website|8,285
35,879||8&285
35,S79|4,932
38,607|
|Conference expenditure||50&194|50,194|6,126|
|Light and heat|15,057||15,057|11,125|
|Travel
Depreciation|7,815
43,710|4,747|7&815
48,457|5,217
46,092|
|Rent, rates and water|4J31||4,931|5,857|
|Catering|2,634||2,634|783|
|Insurance
Bank eh&ages|5,916
4,699|26|5,916
4,725|4,938
4,481|
|Subscriptions|1)265||1,265|899|
|Sundries|1&231||1&231|1,332|
|Suppoit costs (note 9)|105859||105&359|102,813|
|Governance
costs (note 10)
Profit on disposal offixed assets|6,402
(2,869)||6,402
(2&869)|8,225|
||790,164|98,209|888,373|846,337|
##
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|Support costs||||||
|---|---|---|---|---|---|
|||||2023|2022|
|||||Totalf|Totalf|
|Staff costs (note 7)
Printing, postage and
Telephone
Computer
costs
Lease ofequipment
Cleaning
Legal and professional|stationery|||77,370
4,491
3419
3,142
2,070
11,397
3)670|75,319
3,899
3,575
3,606
1,656
10,585
4,173|
|||||105)359|102,813|
|Governance
costs||||||
|All unrestricted
funds||2023|2023|2022|2022|
|||Group|Charity|Group|Charity|
|||||f.||
|Auditors'
remuneration:|Audit fees|5&076|5,076|4,640|41640|
|Auditors'
remuneration;|non audit services|2,861|1,326|5,925|3,585|
|||7&937|6,402|10,565|8,225|
##
|Gross|Employer|Employer|Total|Total|
|---|---|---|---|---|
|salary|NIf|pension|2023|2022
f.|
|56,548|6)894|5,024|68&466|66,596|
##
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##
|Comparatives
for|th|e Statement ofFinanc|ial Activities (|Year Ending 31nMar|ch 2022)||
|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|
|||||Funds|Funds|Funds|
|||||2022|2022|2022|
||||||f.||
|Income fi'om:|||||||
|Donations||||809,146|48,451|857,597|
|Charitable
activities||||7,738|1,624|9,362|
|Other trading activities||||22,043||22,043|
|Investment
income||||777||777|
|Other||||8,149||8,149|
|Total income||||847,853|50,075|897,928|
|Expenditure
on:|||||||
|Cost ofraising funds|||||||
|Cost ofraising funds||and other costs||114,424||114,424|
|Charitable
activities:|||||||
|Staff costs||||371,564|39,680|411,244|
|Church operating
expenses||||400,390|34,703|435,093|
|Total expenditure||||886,378|74,383|960,761|
|Net income/(expenditure)||||(38,525)|(24,308)|(62,833)|
|Extraordinary
item|||||||
|Transfers between|funds|||(23,436)|23,436||
|Net movement
in funds||||(61,961)|(872)|(62,833)|
|RECONCILIATION||OF FUNDS|||||
|Total funds brought|forward|||3,180,009|15,187|3,195,196|
|Total funds canied|forward|||3,118,048|14,315|3,132,363|
||||26||||
##
||Iv
M|anchester
Limited|Re lstered number: 07109404|Re lstered number: 07109404|||
|---|---|---|---|---|---|---|
|||Notes to the|Financial Statements||||
|||For the
ear|ended 31a March|2023|||
|14.|Tangible lixed assets|Land aud|Plant and|PA equtpmeut|Iixtures||
||Group|property|machinery|and contputers|and fittings|Total
f.|
||COST:||||||
||At I a April 2022
Additions|3&416&198|25&637|133&247
36,959|185&518
4,000|3,760,600
40,959|
||Disposals
Transfers|(21,696)
(181&693)|(1,542)|(8&802)|(877)|(32&917)
(181,693)|
||At 31a March 2023|3,212&809|24,095|161,404|188&641|3,586,949|
||DEPRECIATION:||||||
||At la April 2022
Charge for year
Eliminated
on disposal
Transfers|83,939
53&365
(472)
(3,634)|5,127
4,819
(309)|120&077
11&836
(8,802)|110,901
24&981
(175)|320,044
95,001
(9,758)
(3,634)|
||At 31"March 2023|133,198|9,637|123,111|135,707|401,653|
||NET BOOK VALUE:||||||
||At 31"March 2023|3,079,611|14&458|38,293|52,934|3,185,296|
||At 3 la March 2022|3,332,259|20,510|13,170|74617|3440 556|
##
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|For the|For the|
ear ended 31"March|2023|||
|---|---|---|---|---|---|
|Tangible fixed assets (cont'd)||||||
|||Land and|PA equipment|Fixtures||
|Charity||property
f|aod coraputers
f|and fittings
f|Total|
|COST:||||||
|At I"April 2022||2&435,000|133,247|80,513|2,648&760|
|Additions|||36,959|4,000|40,959|
|Disposals|||(8,802)||(8&802)|
|Transfers to investment|property|(181&693)|||(181,693)|
|At 3Ia March 2023||2,253,307|161,404|84,513|2,499,224|
|DEPRECIATION:||||||
|At I"April 2022||36,100|120,076|68,503|224,679|
|Charge for year||32,466|11&836|4,155|48,457|
|Eliminated
on disposal|||(8,802)||(8&802)|
|Transfers to investment|property|(3,634)|||(3,634)|
|At 3la March 2023||64„&132|123,110|72,658|260,700|
|NKT BOOK VALUE:||||||
|At 31"March 2023||2,188&375|38&294|11&855|2&238,524|
|At 31"March 2022||2,398,900|13,171|12,010|2,424,081|
##
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##
|Debtors: Amounts
fa|lling due within
one year|||||
|---|---|---|---|---|---|
|||2023|2023|2022|2022|
|||Group|Charity|Group|Charity
f.|
|Trade debtors
Prepayments
and accmed income
VAT
Other debtors||2,651
36)165
4)398|34,126|1,548
65,897
491
1,969|64,073
1,969|
|||43&214|34,216|69,905|66,042|
|Amounts
falling due
Amounts
owed from|after more than one year
related undettaking||118&692||118,692|
|Aggregate
aruounts||43,214|152,818|69,905|184,734|
|Creditors: Amounts|falling due svithin one year|||||
|||2023|2023|2022|2022|
|||Group|Charity|Group|Charity
f.|
|Accruals and defened income
Taxation and social security
Other creditors||55,616
556
10|27,715
556
10|77,809
6,182
10|38,200
6,182
10|
|||56,182|28,281|84,001|44,392|
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||||2023|2023|2023|2022|2022|
|---|---|---|---|---|---|---|---|
||||Group||Charity|Group|Charity|
|Deferred grant|income||623)212|||639,510||
|Other creditors||||||12,288||
||||623,212|||651,798||
|perating
lease|commitments|||||||
|The following|operating|lease payments|are committed|to be paid:||||
|||||||2023|2022|
||||||||f.|
|Within than one year||||||2,416|2,656|
|Between two and five years
More than five years||||||8,956
115,000|4,828
116,000|
|||||||126/72|123,484|
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|Group|||||||||
|---|---|---|---|---|---|---|---|---|
||||I"April
2022f|incomef|Expenditure|Transfers|Revaluation
gains|31nMarch
2023f|
|Unrestricted||funds:|||||||
|General fund
Designated
funds|||2,951&542
166&506|783,715
104,215|(810,509)
(96,776)|9,357
(13,546)|291,941|3&226,046
160,399|
||||3&118&048|887&930|(907,285)|(4&189)|291941|3&386,445|
|Rest&doted||funds|14,315|106&094|(98,209)|4&189||26,389|
||||3&132,363|994,024|(1,005,494)||291&941|3,412,834|
|Comparative||net movement|in funds included|in the above|are as follows:||||
|||||la April||||31"March|
|||||2021|Income
f|Expenditure|Transfers
f.|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|
##
##
|||||Total|
|---|---|---|---|---|
||General|Designated|Restricted|funds|
|Tangible fixed assets|3,167,478||17&818|3,185&296|
|Investment
property|470,000|||470,000|
|Cash at bank and in hand|297,113|159,499|10,047|466,659|
|Other net current assets/(liabilities)
Creditors ofmore than one year|(10,120)
(698,425)|900|(1,476)|(10,696)
(698,425)|
||3,226,046|160,399|26&389|3,412,834|
|Analysis ofgroup net assets between funds —prior year|||||
|||||Total|
||General|Designated|Restiicted|funds|
||||f,|f.|
|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 cunent assets/(liabilities)
Creditors ofmore than one year|(11,287)
(739,880)|(2,761)|(48)|(14,096)
(739,880)|
||2,951,541|166,507|14,315|3,132,363|
##
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##
|||||2023|2023|2022|2022|
|---|---|---|---|---|---|---|---|
|||||Groupf|Charity|Group|Charity|
||Net movement
in funds
Revaluation
ofinvestment||propeity|280,471
(291,941)|285,769
(291&941)|(62,833)|(73,953)|
||Profit on disposal offixed||assets|(3,825)|(2,869)|||
||Depreciation
charge|||95,001|48&457|93,593|46,092|
||Interest fiom investments|||(1,524)|(1,524)|(777)|(777)|
||(increase) in stocks|||(2,272)||||
||Decrease/(increase)|in trade||||||
||and other debtors|||26&691|31,916|(1,265)|(8,109)|
||(Decrease)flincrease|in trade||||||
||and other creditoix|||(45,159)|(16,111)|33,369|12,174|
||Net cash used in opemting||activities|57,442|53,697|62,087|(24,573)|
|25.|Analysis ofcash and cash||equivalents|||||
|||||2023|2023|2022|2022|
|||||Group|Chatdtyf|Group|Charity|
||Cash at bank aud in|hand||466,659|421,061|445,783|403,930|
|||||466,659|421&061|445,783|403,930|