REGISTERED COMPANY NUMBER: 07109404 (England and Wales) REGISTERED CHARITY NUMBER: 1134458 ort oftheTrustees an dlted Consolldeted Flnanclal Stat￿￿ents for the Year 202 l Manchester Umlted 18 ¢ompany Ilrnlted by guarantee and not hovlng a share capltal) Harts Llmlted chartered Accountants ar¢d statutory Audltors Westmlnster House 10 Westmlnster Road Macclesfield Cheshlre SKIO IBX l Manchester Llmhed Content$ of the Flnandal Statements Foi the ear ended 31 March 2024 Page Report of tho Truslees i-ii Report of the Independent Audltors 12-14 Consolldatsd Statement of Flnanclal Actlvltlts 15 Consolldated and Parent Company Bala￿e Sheet 16 Con$olld•ted Statement of Cash Flows 17 Notes to ihe Flnanclol Statements 18-34 l Manchester Llmlted Re ort of theTrustees for the Year Ended 31 March 2024 The tru5tee5, who are also dlrector5 of the charity for the purpose of the Companles Act 2LK16, present thelr report wlth the consolldated flnancial Statements of thè charlty and Its sub5idiaryfor the year ended 31st Mar¢h 2024. The ftnanclal Statements comply wlth the charltles Act 2011, the Companles Act 2006, the Memorandum and Artlcles of Assoclatlon and the CharltSe5 Statement of Recommended Practl {"Charltles SORP'I lappllcable to charltles preparlng thelr accounts In accordance with the Financlal RÈportlng Standard appllcable In the UK and Republic of Ireland.. FRS 1021 Issued In October 2019. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Company Number: 07109404 (England and Wales} Reglstered charlty Number.. 1134458 Re815tered ofllce: 97 Barlow Moor Road Oldsbury Manchester M20 2GP Truste0$: Reverend A Delaney Mr A Lee {resigned 25th February 2024) Mrs J Edwards Ireslgned 25 February 20241 MTS J Gbeleyl Ireslgned 31Ti August 20241 MrAJSkae Mrs M Bucknor MIS5 J Scott Mr p eooth {appolnted 4th Octobér 20231 Mrs K Dean Allsup lappolnted 81h May 20241 Company Secretary: MrAJSkae Audltor5: Harts Chartered Accountants Westmlnster House 10 Westmlnster Road Macclesfleld Cheshlre SKIO IBX Banker5: Natwest Bank PLC 699 Wilmslow Road Dldsbury Manchester M20 6NW Vlrgln Money 154- 158 Kenslngton Hlgh Street London W8 7RL Scottlsh Widows Bank PO Box 12757 67 Morrlson Street Edinbutgh EH3 81J Aldermore I. Floor. Block B, Western House Lynch Wood Peterborough PE2 6FZ l Manchester Ltmlte Re rt of ihe Trustees for the Year Ended 31 March 2024 STRucfuRE, GOVERNANCE AND MANAGEMENT Ivy Manchester Is based at 97 Barlow Moor Road, Dldsbury, Manchester, M20 ZGP. Ivy Manchester15 9 company Ilmlted by guarantee, reg15tered In England and Wales, No. 07109404 and Is a Reglstered Charlty No. 1134458. Governlng document The charlty Is controlled by Its governlng documenL a deed of trusL and constltutes a Ilmlted company, Ilmlted by guarantee. as deflned by the Companles Act 2006. Recrultment, Indurtlon, and trallllng of new trustees Any prospertlve new trustees are recommended by the current board to the Church Cong￿E8t￿On for thelr conslderatlon. Church members aTe then able to vote on the appolntment of the prospettlve trustee. A malorlty vote conflrm5 the appointment. Trustee5 are kept updaled throuBh regular trustee5' meetln85 and Communlcatlon throu8hout the year. New trustees have on Inltlal Inductlon meetlng to go over the core responslbllltles and expectatlon5 of the role. Thls Same meetlng wlll provlde an opportunlty to ask questlons and Identlfy any knowledge Baps for whlch a solutlon can be agreed and Implemented, All trustee5 are expected to undertake a D15clgsure & Barrlng Servlce IDBSI check. Oiganlsatlonal stfuclure The church of Jesus Chrlst Is meant to be a place where every member Is a mlsslonary and a mlnlster. Some of the work that15 done at I￿¥ wlll of necesslty be pald and we alm to do that falrly and generouslyi but that volunteer 5plrlt runs through the whole Body, of whlch jesus Chrlst Is the Head. Functlonally we have EldernrusteelDlrectors who Guard the vlslon, a stsff team who Gulde the mln15try so that the Glfts of the members a￿ deployed for the work of mlnlstry. The members delegate the rnanagement of the Church to the Elders. Thls leadershlp Broup conslsts of the Pastor and other lay Elders. Elders act as Trustees ofthe Charlty and Dlrectors ofthe Company. 31ongslde thelr Eldershlp role. Elders are nomlnated by other Elders and appolnted by 8 malorlty vote of members. Staff recnjltment Is overseen by the Elders. and thls team Istaffl are responslble for the day-to-day opeTatlons of the church. Our staffln8 Structure Indudes the 5enlor Pastor and Central Support Team Leader wlthln key management posltlons. Relatlonshlp5 wlth related partles We recogn15e the Importance of malntalnlng Independent declslon maklng whlch Impacts felated partles ?5 Ilsted further In thls document. RegaTdlng staff appolntments and remuneratlon decislons. no 51nKle party has overall declslon-maklng capabllitles wlthln the recrultment processes. Our salarled roles are advertlsed, wlth Salary detslls Included. Salary changes are applled to Indlvlduals dependent on Tole and responslblllty chanEes or applled to the or8anlsatlon a5 a whole through the church budget setdng and vote proces5. Our remuneratlon pollcy offer5 more detall on thls. Wlder networks and conne(tlons Ivy networks wldely wlth many churches and eharittes relatlonally and mlsslonally rather than formally or theologlcally, As such these frlend5 on the same mlsslon do not exerclse overslght or control (or seek to). Examples of these are Chrlstlans Agaln5t Poverty ICAPI, We5tmlnster Theologlcal Centre 1￿cl. and Eden Network Imerseybaftkl where we host local expre551ons of those organlsatlon5 a5 Ivy mlnlstrles. Ivy Is a member of the Evangellcol Alliance of Great B Tltaln as we find we can ascrlbe to thelr doctrlnal basls and sueh membershlp helpfullv places us publlcly wlthln the malnstream of hlstork blbllcal Chrlstlanity In bellef and practlce. Manchestsr Umltsd Re rt of theTrustees for the Year Ended 31 March 2024 Rlsk managemenl The trustees have a duty to Identlfy and revlew the rlsks to whlth the charlty is exposed and to ensure approprlate controls are In place to provlde reasonable assurance agalnst fraud and error. We have flnanclal and governance safeguards In Pla￿ to manage rlsks In those a rpa5, Includlng the way our Board Is Structured Iwlth no one person havlng signlficant controll. our Confllct of Interest policy> our pollcy on financlal reserves Iwheie our savlng5 are spread acTOSS dlfferent accounts} and a rlsk register. Major rlsks have been revlewed and systems or procedures have been establlshed to mana8e those rfsks. We have also strengthened our Internal processes, for example wlth more checks requlred In the payment of Involces, a clearer dellneatlon of roles, and regular meetlnBS betwèen the Central Support Team Leader and the trustee wlth overslght of flnances to dlsCU5s any current Issues. OWECTIVES AND ACTIVITIES Alms and purposes. The ovorall alm of Church15 to advance the Chrlstlan faSth by prodalmlng the gospel of Jesus Chrlst for the beneflt of the church and the publlc In Manehester, the Unlted Klngdom. and the rest of the workl. ObJe£tlve5 and •¢tlvltles Ivy alms to be a supernatural communlty, centered on Jesus. The mlsslon of Ivy Church Is" KnovAn& Growlng, Goln8" Knowlng God through savlnÉ falth In HIS Son Jesus Chrlst; Growlng In maturSty and Ilfe5tyles of obedlence to God as revealed In the Holy Blble; Golng Into all the world to Indlscrlmlnately love, serve and help people find thelr back to God. We provlde a wlde range of accesslble programs, classe5, actlvltles (Indudlng church servlce51 and opportunltles for people to DSscover the love of God, be Dellvered from bondages that hold them captlve so they may Devote themselves wholeheartedly In Ilfestyles of worshlp, Develop thelr God 8lven glfts and Deploy them for hls Elory and the good of our nelghbouts. We wlll measure thls through publlc steps of commltment such as prayerful commltments. baptlsms, course attendante, growth In generoslty through g1ft5, tlthes and offerlngs, prayer meetln8s, servlce opportunltles, srnall group attendance, local, city and world mlsslonal actlvltles and social benefit through sport, debt counsellin8, hospltality to refugee and a￿l￿M seekefs and Safe haven spaces such as the Sensoryspace. We teach publlcly the 5crSptural truth that everythlng we have comes from God and we are accountable stewards. We alm to model th15 personally as Chrlstlans and corporately as a church not only by wlse Investment but also by extravagant generoslty. We follow the prlnclple of tlthlng IO% of our Income spÈclflcally to mlsslonal work to spread thegospel of Jesu5 Chrlst, one of the maln objects of the charlty, whether throuBh corporate partners such as The Message Trust In Manchester or In helpln8 to fund church members who are mlsslonaTles overseas or In the UK. Slmllarly, we 8lve away IO% of the annual Flrst Frults offerln8 early In the year to support mlnlstiles or projects at home or abroad. Future plans The global turmoll of recent years has only conflrmed to us the wlsdom of adaptsblllty and flexlbllity - holdlng1005ely to our plans whlle tru5tinE God to gulde and provlde no matter what. That Said, we contlnue trj belleve that Ivy's Influence wlll grow. and we wlll plant more churches by ralslnE up more leaders In more places worldwlde through LAUNCH and Its connectlons. We wtll not only malnt8ln but keep the bulldings In our portfollo fit for purpose, Includln8 planned remodelin8 for better hospltallty at the hlstorlc Dldsbury slte which ha5 been delayed but Is now scheduled to 80 ahead in January to February 2025. We are a150 plannlng to hold a thurch weekend away In Autumn 2025, brlnglnB the Ivy famlly together forteachlng and fellowshlp. l Manchester Llmlted OTt of tho Trustees for the Year Ended 31 March 2 Publ1¢ benellt The trustees conflrm that they have, when and where necessary to do so, pald regard to the Charlty Commlssioner'5 Guldance on PLtbllc Benefit when Consldering and making lis declslons. Actlvitles undertaken to furtherthe charWs purposes for the publlc beneflt are shown In the Rev5ew ofAchlevements and Performan￿ sectlon of thls report. REVIEW OF ACHIEVEMENTS AND PERFORMANCE FOR THE YEAR A¢hlevements and performance- the yeay In nurnbers: Over 140 guests at Ivy Gold afternoon teas throughout the year 14,783 webslte page vlews More than 280 booklngs at Buds every month l& there a￿ always walk In5) 58 Debt Free famlly members from 25 CAP cllents 8 people were baptised 14 people completed the Freedom In Chrlst course 11 Prayer & Worshlp nl8hts & 12 Ivy Centrals 47 Falth Llfts 17 Worshlp Leader, Tech and Devote team Batherln85 149 students have corne through our Manchester WTC Hub slnce Its conceptlon whlch reflects 336 years of study 4 Glow Group leader evenln85 66 people tralned to mlnlster In the power of the Holy 5pSrlt through our connectlon wlth Mlsslon24 l Laurbch conlerence and l Launch Culture Day Knowlng Growln8 Golng- 195 watched flrst sesslon wtth 45 eompletlng all 3 sesslons 15 mlsslon partners resourced by IO% of our budget Over 200 chlldren came to the Grotto and Natlvlty Trall In December Over 100 Han8 Out booklngs In August 52 kld5 at the Ll8ht Party In October 32 Youth went to Llmltless Festlval In August 60 Youth at the Annual Flreworks In November 56 Youth at the Chrlstmas celebratlon First Frults 2023 total £101.285 10 Ivy wornen campleted ARISE In the Scottlsh Hlghlands 1120$1305 gatherlng5 held acros5 the year Dlscover The Ivy Church Movement Team ha5 SUPPOrted those In the church that are actlvely maklng dlselples and leadlng new churthes (what we used to call mlcro churches) as well a5 helplng train more people. The team grew to Include Carolyn Chukwu who Is helplnB Wlth ongolng SUPPOrt and coachln8 and Susan Anthony who lolned as the Prayer Champlon. The Iwy Church d15clple makers and new church leaders met once a month for onllne Movement Gatherlngs, led by Joyce Gbeleyl, to share storle5, learn from eath other, contlnue to develop through practlcal and Insplratlonal tralnlng and pray tO8ether. The Dlscipleshlp Pathway Course was led by Joyce Gbeleyl and Jenny Qulgley In October. training a new group of people from Ivy Church In how to become and make new dlsdples. The Youth Hub also went throuBh the Disclple5hip Pathway course, as we51 as anothergroup meetlng urlng the day. Men continued to be gathered In the men's mlnlstry to help them mature as dlsclples wlth a breakfast, walk and a curry nlght. Ladybrldge Connect contlnues to connect wlth members of the communlty that thelr polnt of need across a varlety of areas. We want to celebrate Jenny QulEley lolnlng the team in May 2023, We also want to thank Rob Jack50n for hls 5etvlce and leadershlp as a Dlrector of LCL and welcome Rlchard Ingle to the team from November 2023. l Manchester Ilmlted Re rt of the Trustees for the Year Ended 31 March 2024 L?dybrldge Connect Ivy Cafe has contlnued to flourlsh, seeing record numbers over the summer months. As the cafe grew, Jenny Qulgleyiolned the stsff team and hb5 been a blesslng to all. The volunteer teams have been dedlcated, and on many occasions have gonè beyond the call ofduty, It Is a ble5slng to be surrounded by a great group of self-sacrlflclal servants. and they deserve a huge amount of credlt for what is belng achleved. Whllst experlen¢lng record months, the hlgh stand3Td5 of service and food preparation have contlnued, reflected In a successful Inspettlon by the Food Standards Agency, resultlng In us malntalnlng our 5-Star ratlng. The cafe Is Intdn51c to the mlsslonal culture at Ladybrldge Connect and the Introduttlon of the Prayer Box and a dedicated prayer team has revealed a dlverse rdnge of needs amongst our communlty that we have been able to pray for. We have also seen an Increase In opportunitles to come alongsSde some of our regular customers to pray and help meet thelr practlcal needs, To quote one reclpient,"I have never experlenced klndness Ilke you showed me. I will never forget It." We have seen a slRnlflcant Intrease In the use of the Brockbank Centre for room hlre and the slte15 beSng used to meet a wlde range of the local communlty's needs. Alongslde provldln8 quallty and affordable facilltles for fltne55 classes, local schools, eharltles. the local authorlty, and commerclal organlsatfjons, we provide faclllties for many ￿u[ar 8roup& We have a150 had several mlsslonal events run from the Brockbank CentTe whlih have been well attended by those seeklng falth. In October we hosted the lotal Llberal Democrats. Whlle booklng th15 meetlng the councllor enqulred as to what we do and thy we do It and John Carlow explalned about Jesus. statement In Luke 4, 'good news to the poor ... release for the captlves slght for the bllnd - set the oppressed free ... . A5 a result he was Invlted to Speak at their meetln8 on health and soclal care, whlch he duly dld and In dolng so was able to speak about Jesus. Incredlblel Dellver We had the Joy of baptlslng elght Indlvlduals In 2023 and celebratlng wlth them. The Dellver area also Incorporates what most would understand as 'pastoral cère., and wè share that care a5 a churth famlly. As Senlor Leader, Anthony Delaney has been Involved In some exlremely challen8lng and complex, prlvate pastoral sltuations In the year. He has had support In that, as approprlate, from h15 fellow Elders or from a staff member, and we have 50urted or slgnposted speclallst counselllng or recelved expert safeguardlng advlce. whlch we always follow, We also appreclate that a great deal of care Is glven by ourGrow Group leaders. We are so very grateful to those who help us Shepherd the church In such ways, week In week out, Includlng the often-unheralded, qulet but essentlal work of 5UPPOrt and klnd Ilsten5n8 to all those In the Ivy Care team, CAP It ha5 been a dlfflcuSt year flnanclally for many people but 8 ray of hope15 that we have had a ￿e0rd number of CAP cllents becomlng debt freel 251 Pralse Godl Thls number represents way more than 25 Indlvlduals, as It account5 for 58 family members wlthln those homes, all startlng 2024 wlthout the crushlng welght of debt. It has been a prbvllege to be able to meet the nèed5 of our local cornmunlty In thls way,. to allevlate pressure and offer hope. G811 Jackson shared a few messages, whlch are so encouraglng: Frlend of a cllent: ' Thanks 50 much for all you've done to help ￿ It's had a hu8e Impact on hls walk wlth God as well as gettln8 hlm free from debt., Debt-frea cllent.. 'Pralse be unto our Heavenly Father and Lord Jesus and Holy Splrlt. Through our heavenly father all thlngs are p055lble, And I'd Ilko to thank everyone who God used to help me. The Lord truly heard crle5 and he dld It. AMEN" A support worker: ' Your servlce ha5 been outstanding In terms of efficiency and knowledge and was very compasslonate too". Debt-free client; "l am so happyl I have tears In my eyes. thanks $0 much foreverythlnul. Through the continued generoslty of Ivyi were also able to bless cllents wlth food shops, phone top-ups, a prlmary school leavers hoodle, cooker, beddinBJ Insolvency fees and many more thlngs. l Manch2steY Lknlted Re Drtoft e Trustees lorthe Year Ended 31 March 2024 Devole In August we had our Summer of Devotlon wlth varEou5 community b3sed activitie5 in the moming5 and wlth three Ivy Centra15 as we welcomed Anthony back from sabbatlcal. It was Important to us that we stayed connected over the summer. and that we gave tlme to Ilsten to what God had been saylng to Anthony whlle he was or• sabbatlcal. We contlnued wlth onllne Frlday Falth Llfts, maSnly led by Anthony and sUPPOrted by the staff team. What a blesslng these have been to our Ivy famlly and beyondl Our Sunday onllne 5ervlces are stlll golnE well wlth a falthful community. Many have commented that It's so useful to have the onllne servlce5 If they are unable to make It In person. Our Prayer and Worshlp nlghts have become a dedlcated spate where we've come together to wor5hlp freely and Ilsten to the volce of the Holy Splrlt. There has been a 5en5e of e5tabllshment. although It's stlll a Joumey. We've seen our worshlp teams step up wlth eagernes5 and commltment, servlnB wholeheartedly every week. Our team Is growlng with more members, but also In thelr wotshlp to Jesus. Desplte challenges, we have amazing people who always work together to make thlngs happen. We are seelng people who are 5tepplng up reallsing thelr 8lftlnB In muslc but also a love for worshlp. Th151s wonderful to see. Our tech teams are also brllllant. Technology Is often unpfedlrtable but our team Is developing thelr problem solvlng sk1115 and are dolng an amazlng lob. We're very thanklul for thls team who make everythln8 happen. Overall, there has been a 8rowlng Sense of togetherness wlthln the teams whlch Is a Joy. We have a wonderful Devote Core Team who are dedlcated to pwlng fof our thurth and to lead the Prayer and Worshlp nlghts, We had a retreat day In November to pray and seek God In our VISI￿ for the New Year. Develop We have contlnued wlth regular Grow Group Leaders and Grow Group Connect team meetlngs throughout the year. The meetlngs have provlded valuable tlmes of dlscusslon, reflectlon, sharlng of Informatlon and equlpplng our leaders to help lead. Our leaders a￿ amailng and we are very thankful to each of them. We've al50 seen new leadets ralsed up, new groups beglnnlng and new people lolnlng groups and givlng thelr Ilves to Jesus. We have met together as worshlp leaders and Sunday serrf1￿ hosts to gather and pray and share together and we wlll contlnue to do that In 2024, as we hwe new leaders and hosts stepplng up and Into those roles. OveT the year, we have run a 3 Step Speakers Collectlve Course wlth elght of our church member5 takln8 part. These evenln8s have been so wonderful, Each person's word shared has been very dlfferent yet Insplrlng. The Freedom In Chrlst course was also brllllant, Seven team members helped lead and fadlltste the evenlngs. Fourteen people frorn our Ivy famlly completed the course and have all come away understandlng more about themselves, more about Jesus and have more freedom In God. wrc Thls year we celebrated the 10th Annlversary of the Manchester Hub. Ten year5 of tran5formatlve theologlcal study In the presence and power of the Holy Splrlt Is an èxcltlng achlevement. WTC'S heart Is to equlp and empower the people of God for Ilfe, work and mlsslon In the TeBI World. Ivy has been Such an Important 5trateglc partner In thls vlslon, charnplonlng the equlpplng of God'5 people In Klngdom Theology, notjUSt for Its members, but for Manchesterand its surroundlng reglon5. Ftftystudents have been from our Ivyfrdmlly. wonderfLfjlly hlghlSghting a church Culture that values depth and maturlty In disclpleshlp and promote5 thought-through kin8dom1Svlng. Testlmonles from students speak of the ongolng transformatlve nature of thelr studies, whlch contlnue to have lrnpact on thelr'faith In actlon, years down the Ilne, We sald Euodbye and a blg thank you to Abl Shuttleworth as she stepped down from her role In July 2023, Which then also markpd the beglnnlng of Mary Thomason's lourney as the Hub Diredor for Manchester. We have a vibranL caring) SUPPOrtive Hub communlty who pursue the heart of God as they gather to worship and 5tudytogether. We have Seventeen students In the Hub studylng at dlfferent stage5 of BA'S, Grad Dlploma5 and MA'S, all from dlffèrent background5 and ￿th dlfferent reasons for studying. Everyone has a dlfferent story. but all are belng transformed by thelr studles and by each other. wrc Is an amazlnB resource and a5 our Hub Church. Ivy Is facllltating the growth and strengthening of the klngdorn more than many probably would reallse. so a huge °Thank Youl" As appllcations open up In January we look forward to welromlng new students as we contlnue to invest In mature klngdom-mlnded followers of Jesu5. l Man¢hesler Limited Re ort of the Trustees for the Year E ed 31 March 2024 Deploy We are p8sslonate about helping the lostflnd thdr way backto God and become part of a 5upernaturdl communlty that s all about Jesus. This Is why over the last yeai we have contlnued to equlp people In discipleship tralnlng and 5UPPOrt those contlnulnE to dlsclple others and even start churches themselves. As a church body we have enjoyed reachlng others in all klnds of ways from Ivy Buds to Ivy Gold, refugee dlnners, Ivy Cafe, All Togethers and mueh more. As we encourage one another, traln and reach others, we are not only seelng new dlsdples made but we are developlng and maturlng our own dlsclpleshlp and walk wlth Jesu& Our mlsslon partners Insplre us as they serve 5peclflc comrnunltles, people groups and places. For Instance, HC and her team are spendlng preclous tlme wlth female refuBees ln Greece as they shère the trauma they are golng through and hear of the hope In Jesus, Needs are belng met through all our mlsslon partners and many of us at Ivy In Incredlble ways. Th151s happenlng In our Streets, communltles, and to far flung places In Southern Afrl¢a. South Amerlca, Asla. the Mlddle East and Europe. NewThlng NewThlng exlsts to help catalyse movements of reproduclng churches that reproduce at every level. NewThlng comes alon8slde apostollc leaders or Movement Makers around the world to help them start and 5UStaln movement5 of church plantlnB In thelr clty, natlon or contlnent. Anthony Delarbey and Ivy Church have pkjneered the work of NewThlng in Western Europe slnce 2015. Last year, Tobbla5 Ngala took over as the Re8lonal Dlrector for Western Europe wlth TIM Burr contSnuln8 on the team as the Relatlonshlp Catalyst. One of NewThlng's unique offerlngs Is the Movement System, a Proven serles of catalysts that help estsbllshed churches multlply dlsclples, leaders, churches, networks and movements. Thls yearwe have been runnln8 Movement System tralnlng In Chester, Geneva, Berlln and Lvlv wlth opportunltles developlng In Denmark and Sweden next year. We are developlng a team of people who are le?rnlng how to facllltate the Movement System for others 50 the mlsslon can contlnue to grow and multlply. In Aprll we hosted a Movement and Network Leaders retreat that gathered leaders from across Europe to tall dream, pray Into what It wlll tske to see new church plantlng movements that wlll help people flnd thelr way back to God across Western Europe. LAUNCH Ivy Church15 Increa51ngly seen In the natlons as an apostollc hub. Apostollc hubs equlpi traln and launch dlsdples who make dlsclples Into the world to do the work of the Klngdom. One of the ways ha5 worked thls out over the years Is throu8h the annual LAUNCH 8atherin8s whlch have met In varlous forms and places slnce 2016. as opportunliles for networkln8 relatlonally* dreamlng and pl?Trnlng collaboratlvely and growlng exponentlally. Ivy Is therefore at the centre of a move of God to see HIS Klngdom bullt. brlnglng heaven to earth In all spheres of soclety. The people who gather at LAUNCH are 3E Leader5- Eclectlc Ifrom a varSety of kln6dom backgrounds- denomlnatlons or Independent organlsatlonsl, Eccentr5c Iploneers, those who do thlngs dbfferèntly), and E¢¢lesla (who see the blgger plcture of Church In all It5 forms). i In 2023 we multlplled LAUNCH Itself. gatherlng hundreds of leaders for North IManche5ter) and South IBucklngham5hlrel for'The Klng and The Kln8dom', We partnered wlth major natlonal or8anis8tlons Indudlng Compasslon UK, Hope for Just1￿ and Movement Leaders Collectlve to create connectlon opportunltles for our klngdom-mlnded leaders with several natlonal church plantlng networks. Next year sees LAUNCH growlng further, gatherlng 3E people In Manchester and Bucklngham5hire In the Sprlng and expandlng even further In 2024 as we encoura88 and equlp leaders to model, mentor and multiply more apostollc hubs across the n)tlons. Manchester Llffllted Re ort of the Trustees for the Ye* Ended 31 March 2024 Ivy Klds We have welcomed some new families to Ivy Kids on Sundays* and we are loving getting to know their chlldren durlng our sesslons. We have also met a numberof frlends of Ivy Klds famllie5 at our Famlly Summei Hang Outs. These were great for maklng new frlendshlp5 and provldln8 a place for chlldren to play safely whlle adults were able to chat over coffee and cakel Ivy Klds football meet-UP5 have added to thls. And of course we hosted a Llght Party and the wonderful Grotto and NatlvltyTrail thlsyear. which wa5 frjlly booked and through whlch we welcomed 200 chlldren and thelrfamllles. The team servlng at thi5 event made It a huge success and thevlsltors were blessed by the generous hospltality of Church a5 well as the wonderful experIen￿ of the Grotto and Natl¥Sty. Ivy Buds has continued to go from strength to strength. Both sessions are full each week wlth around 80 chlldren plus carers from our communlty. These famllles are loved and served by the team and Invlted and welcomed at other events. Many came to the grotto and the Chrlstlngle. The Sensory Space Is a real blesslng to those who use l( wlth a sleady number of repeat booklngs, each wlth a beautlful story of the Impact It has. We pray that the word spreads and more famllles tske the opportunlty to book In. Over the year, we have seen our Ivy Klds grow In their relatlon5hips wlth Jews and thelr blble understsnding. It Is such a ble551ng to see how they are dlsclpllng one another and to wltne55 thelr deslre to See the supernatural power of God through the glfts of the Splrlt. Thelr falth and prdyers for one pnother are such an example of the slmple yet profound falth we are all called to havel Ivy Youth Ivy Youth have been bulldlng a culture. We want to be passFonate aboutjesus. golni after Jesus wlth everythlng we have. We want to create a safe space for every slngle young person who walks through our doors, so we have the value of honour, seelng every Indlvldual as a chlld of God, We also value strong relatlon5hlps, wlth peers, wlth team, and wlth God. What keeps young people comlng back week In V￿ek out Is the relatlon5hlps they form and 50 we've created an envlronrnent for young people to bulld great relatlonshlps, Wlth these values belng flrmly rooted ftrr nearly three years, 2023 was a year where we saw thelr benefSts, becomln8 a hlgh Impact youth mlnlstry, In August we took thirty two young people to the Llmltless Festlval and slx young people made the dedslon to follow Jesus for the flrst tSme there. Llmltless was also a great tlme for the youn8 people's frlendshlps to flOUr￿h. We have looked at so manv Breat toplcs th15 year, IncludlnB what the youth want to stsrt bulldlng today for a better church In the future, We looked at what It means and looks Ilke to be a teenager growlng up In 2023, explorlng the pros and cons of belng the flrst generatlon to grow up wlth a smart phone In thelr pockets. Woven Into every group se5slon Is the attempt to Teach the deepest needs of the youth of toda¥, In a tlme In whlch theTe Is a sense It15 the hardest ever to be a teenagei. Not only have we looked to meet the needs of the youth, but after on8 se551on of looklng at how God tan use us now to make a dIfferen￿ for others, a group of young people came up wlth the Idea of maklng sandwlche5 for Barnabus and have lolned the rots. In JLbly we waved goodbye to ten Year 13 students who graduated from Iwi Youth. We tran51tloned new people Into the Hub group of 51xth form students, whlch has been a great success as we look to help them mature as dlsclples. Wlth the success of Hub. we launched a Cheadle Hulme house group that meets weekly In homes, with youth aged from Years 9-12 dlscus51n8 what It means to follow Jesus. In addltlon to the group nlghis. we had seven Nl8hts thls year, an Incredlble opportunlty for everyone to get together and brlng rnates along. HlghllEhts Include the 8raduatlon nlght In July, commisslonlng the leavers. the sllent dlsco and partylng to Jesus belng the Ilght of the world. as well a5 our flnal NIGHT of the year whlch Saw flfty slx young people gather to hear a talk aboutjesus, play some great game5, 5inB karaoke and experlence the Hub Natlvlty. which was everyone's 2023 hlghllght. We are so grateful for what Godls dolng In thls generdtlon, to all the parents and guardlan5 who sacrlflce so they can get thelr youth to Ivy Youth and to all the team who serve Incredibly well, Ivy Youth really wouldn't be posslble wlthout you. Manchester Ilmlted ort ot theTrustee5 for theyear Ended 31 March Z024 And more We are thankful to all of those who have stepped up to bless others and be part of a supernatural community that's all about Jesus, Includlng all of you who serve on teams falthfully each Sunday to make o¥Jr servlces happen. We've been ble55ed by a number of guest speakers over the year, IncludlnB Ken Got¢ Phll le Oune, Sarah- Jane Blggart and Blom Lutke, Is well as Ivy membErs who have also dlllgently and falthfully spent hours155tenlng to God and preparing talks for us. We'd like to thank Bernard Sword, Lynne SwarL Laura Anthonyi Sarah Small and Sarah Haynes for thls blesslng. We wantto saythankyou tothose who have led groups and actlvltles, Including basketball, Ivv@Work sesslons and mentorln& Wave of Llght, prayer meetln8s. Board Games at)d Heallng Club. There have been spedal events and courses, In¢ludln8 Qulztsstlc, the Ble5slng Course and the amazlng performance ofthe Gospel of Mark by Matt Brltton. Hospltallty has contlnued to be at the heart of what we offer and we're thankful for the 20sl 30s (now Ivy Young Adults) team and those who've served re8ulhrly to offer monthly meals for refugees Ilvlng locally In hostel accommodatlon, as well as the brilllant team volunteerlng . at our termly Ivy Gold tea partles and the Frlday Nl8ht Supper crew. Comlngs and golnK$ Thlsyear, as alwaysj we have seen people step Into nèw thlngswlth God,lolnlng or leavlnE the staff and eldershlp teams. We have sald farewell to Abl Shuttleworth and welcomed Mary Thomason to the role of Hub Dlrector, as well as addlng the brllllant Jenny QuSgley to the Ivy Cafe team, We've also sald goodbye to Gemma Tuson who's stepped down from her staff team role, though she contlnues to support Luke at Ivy Youth. We mlss her creatlve 5kllls and prophetlc wlsdom and are vèry 8rateful that our youth contlnue to have her leadershlp. We've welcomed Matt Donaldson as a leadershlp resldent and have loved all he's contrlbuted acr055 the whole team. We also want to say thankyou to Andy Lee and Jane Edwards as they end thelr terms as elder5. for the ryrlad ways they have led and blessed us all. We're thrllled to have welcomed two new elders this year, Julla Scott and Phll Booth. We're already thankful for thelr wlsdom and commltment as they loln the team In guardlng and guldlng the vlslon and mlsslon of Ivy. We're also deeply grateful for Rob Jackson as he's stepped down as a dlrector of Ladybrldge Connett. Rob, your contrlbutlon Is unquantlflable, and we are In awe of all you've done there. Wére exclted to welcome Rlchard Ingle as a new dlrector and look forward to hlm stepplng Into the role, wlth 811 hls glfts and passlon, as he works alongslde Ann Ball and Kelth Nelson who contlnue to excel In thelr role as dlrectors. Flnancl•l Revlew Durln8 the 2023124 flnanclal year, totsl Incomlng resources for the group were £958,97612023: £994,0241 of whlch £792,04712023.. £845.450} were voluntary donatlon, grants and thelr assoclated ￿ft-3td. Thls represents a fall In voluntary Income of 6.3%. Thls Is due to the 2022123 flnanclal year Includlng a sLgnlflcant one off donatlon whlch ha5 not been repeated In thls financlal year, In addltlon, we have seen the Impact of ¢ostof Ilvlng rlses wlth the capaclty to give reducedforsome member5 and a small numberof members have moved away from Manchester. Expendlture for the group was £982,OOS12023: £1,005,494) resultlng In a net deficlt for the year, prloT to g31ns on Investment property, of £23,02912023: deffclt of £11.4701. A galn on the revaluatlon of Investment property In the year of £22,56012023: £29L9411 mean5 an overall deflclt In the group In 2023124 of £46912023: Overall surplus of £280.471). We have worked hard to malntaln runnlng cost expenditure relatlve to our voluntary Income and contlnue to do so. The trustees con51der free reserves lo represent net I￿uld or quasl-llquld fund5 thet are Jvallable to the group In the short term to meet Ilabllltie5 as they fall due. At the balance sheet date, the group's reserves were £3,412,36512023,. £3,412.8341, of which free reserves were £305,01312023: £297,708). Free reserves are deflned as belng funds that are readlly avallable and not reliant on fixed assets wlth no speclflc deslgnatlon or restrlctlon. Restrlrted reserves at the balance sheet date consist mainly of Launch funds and the carrylng value of equlpment relatlng to our SensDry Space Inltlatlve at the Brockbank Centre, the cost of whlch ¥￿S grant funded. In addltlon, restrttted reserve contsin5 fund5 relating to CAP, NewThlng and Sensory Space donatlons. Deslgnated reserves relate to funds recelved from the Flrst Frults offerin& l Manchester Llmlted Re ort of the Trustees for the Year Ended 31 March 2024 Prlnclpal lundlng sources As a Chrlstlan church, we wlll contlnue to teach and aim to model biblical wlsdom In the area of finance to grow mature Chrlstlans who delight In geneTosSty. love God, and trust the church to forward hls plans In many ways. Our prlnclpal fundlng comes dlrectly from our church members, fully utlllslng the Glft Ald tax rellef scheme where p05slble. Our flnanclzl Investments are made Into hlgh Interest yieldln& accounts and we have expanded our Investment portfollo to further ut1115e the Improved Interest rates avaSlable on the market. Where posslble, we also uti115e the securlty of the FSCS to mlnlmlse rlsk. The group does not carry out any slgnlficant fundralsln8 aCt￿ltIeS unless for a speclfl¢ project. Reserves Pollcy & 8oln8 Contern The purpose of the reserves pollwls to smooth out any 5hort-term varSatlons In fundln& and expendlture to ensure that the charlty Is able to fulfll its obJe¢tlves wlthout Interruption. Under normal circumstan￿5 the trustees conslder It approprlate to hold free reserves of between one and three months of typlcal"operatin8" expendlture. Fortheflnanclal year endlng March 2025, the average monthly operatln8 e¥pendlture Is budgeted to be £61,600 per month. Th15 then requlres the charlty to malntaln free reserves of between £61,600 and £184,80Q. The loan of £118,692.38 from Ivy Manchester Llmlted to Ladybrld8e Connect Limlted was arranged to provlde funds for the completlon of the redevelopment of the Cheadle Hulme slte. It was envlsaged as a long-term loan wlth no tlmeframe set for repayment. We belleve that the loan remalns recoverable In the long-term. The slte and the café are stlll In thelr Infanry and are growlng 5teadlly In terms of reputstlon and In tradlns capacity through room booklngs and café turnover. The relatlonshlps wlth the other partners are contlnuln8 to grow as we mDve out ofthe Inltlal set-up phase of Ladybrldge Connect and Into medlum and long-term plannlng for the organlsatlon. Whlle the loan Is revlewed on an annual ba515, we plan to revlew It In more detall In 2025 whlch wlll mark the 5th annlver5ary of the completlon ofthe Brockbank Centre where the loan funds We￿ 5petiflcally dlrected. Followlng a revlew of the clrcumstances of the charlty, wè are of the oplnlon that the charlty Is 3 8olng con￿rn. We contlnue to have flnanclally secure foundatlon wlth sufflclent reserves, no debt, and our Income Is currently exceedlng expendlture. New members contlnue to Ioln the church and become regular glvers. We are confldent that we can contlnue to respond dynamlcally to the challenges and opportunltles that wlll arlse In the year ahead. Truste25 The Trustees of Ivy Manchester Ltd durlng the flnanclal year Aprll 2023 to March 2024 were: Anthony Delaney1Senlor Pastor) Andrew Skae ISe¢retary) Andy Lee IreslgnÈd 25th February 20241 Jane Edwards Ireslgned 25th February 20241 Joyce Gbeleyl Mlchelle Bucknor Julla Scott Phlllp Booth lappolnted 4th October 20231 The Dlrectors of Ladybrldge Connect Ltd durlng the financlal year Aprn 2023 to March 2024 were.. Robert Jackson Iresl8ned 9th November 20231 Keith Nelson Ann Ball Simon Clarke Ireslgned 9th November 2023) Duncan Woodward Duncan Aim5trong lappolnted 9th November 20231 Rlchard Ingle lappolnted 9th November 2023) io l Manchester Llmlted Re ort of the T￿￿teeS for the Year Ended 31 March ZOZ4 Tru5tee5' Indemnlty arrangements Indlvldual Indemnlties have been provlded to the Trustees. under whlth the tharltable company has agreed to Sndemnlfy the Trustee5 to the fullest extent permStted by law In respect of all Ilabllltles to thlrd parties arlslng out of, or In wnnectlon wlth. thelr execution of thelr powers, dutles and responslbllltles ?5 Trustees of the group. STATEMENT OF TRUSTEES, RESPONSIBILinES The trustees Iwho are also the dlrectors of Ivy Manchester Llmlted for the purposes of company lawl are respon51blefor preparlngthe Report of the Trustees and the flnandal statements In accordance wlth appllcable law and Unlted Kingdom Accountlng Standards {Unlted Klngdom Generally Accepted Accountlns Practkel. CDmpany law requlres thetrustees to prepare flnanclal statementsfor each flnanclal year whlch glve a true and falrvlew of the state of affalrs of the charltable company and ofthe Incomlng resources and appllcatlon of resources. Includlng the Income and expendlture, of the charltable company for that perlod. In preparlng those flnanclal statements, the trustee5 are requlred to: select sultable accountlnE pollcles and then appty them conslstently: observe the methods and prlnclple5 In the charlty SORP: make judgements and estlmates that are reasonable and prudent; prepare the flnanclal statements on the goSn8 concern basls unless It Is Inapprnprlate to presume that the charltable company wlll contlnue In bu51ness. The trustees are responslble for keeplng proper accountlng records whlch dlsclose wlth reasonable accuracy at any tlme the flnanclal p051tlon of the ¢harltable company and to enable them to ensure that the flnancial statements comply wlth the Companles Act 2006. They are also responslble for 5afeguardlng the assets of the charltable company and hence for taklng reasonable steps for the preventlon and detectlon of fraud and other Irre8ulaTltles. STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS So far asthe trustees are aware, there Is no relevant InlormatSon las deflned by Settlon 418 ofthe CompanlesAct 20061 of whlch the charltable company's audltors 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 audll Informatlon and to establlsh that the tharltable company's audltors are aware of that Informatlon, AUDITOR5 The audltors, Harts Chartered Accountants, wlll be proposed for re-appolntment at the forthcomlng Annual General Meetlng, Th5s report has been prepared In accordance wlth the spedal provlslons of Part 15 of the Companles A¢t 2006 relatln8 to small companles. ON BEHALF OF THE BOARD Mr. A J Skae ITrusteel Date,. 191h November 2024 li Re rt of the Inde endent Audltoys of the Mqmbers of l Manchester Lknlted Oplnlon We have audlted the financlal statements of Ivy Manchester Llmlted (the 'parent charltable company, or the 'charlty'l and Its subsldlarles (together the'8roup'l for the year ended 31 March 2024 whlch comprlse the consolldated Statement of Flnanclal Actlvitles. the consolidated group and charlty Balance SheeL the consolldated group and charlty Cash Flow Statement. and notes to the flnandal statements, Includlng a summary of slgnlflcant accountln8 policies. The financial reportlng framework that has been applled In thelr preparatlon Is appllcable law and Unlted Kingdom Accountlng Standards (United Kln8dom Generally Accepted Accounting Practice). In our oplnlon. the flnanclal statements: give a true and falr vlew of the stste of the charltable group's and parent charitsble company's affalrs as of 31 March 2024 and of the group's Incomln8 resource5 and appllcatlon of resources, Indudlng Its Incomè and expendlture. for the year then ended; have been properly prepared In accordance wlth Unlted Klngdom Generally Accepted Accountlng Practlce,. and have been prepared In accordance wlth the requlrements of the Companles Act 2006. Basls for oplnlon We conducted our audlt In accordance wlth Internatlonal Standards on Auditing {UKI IISAS IUKII and appllcable law. Our responslbllltles under those stsndards are further descrlbed In the Auditors respon51bllltles for the audlt of the flnandal statements sectlon of our report. We are Independent of the charltsble group In accordance wlth the ethlcal requlrements that are relevant to our audlt of the flnanclal statements In the UK, Includlng the FRCS Ethlcal 5t3ndard, and we have fulfilled our other ethlcal respon51bllltles In accordance wlth these requlrements. We belleve that the audlt evlden¢e we have obtalned1$ 5ufflclent and approprlate to provlde a basls for our oplnlon. Concluslons relatln¢ to goln8 concern. In audltlng the flnanclal slatements, we have concluded that the trusteeg use of the golng concern basls of accountlng In the preparatlon of the flnanclal statsments15 approprlate. Based on the work we have performed, we have not Identlflèd any mater5al uncertalntles relating to events or condltlons that, Indlvldually or colSeetlvely, may cast doubt on the group and parent charitsble comparfs ablllty to contlnue as a golng contèrn for a perlod of at least twelve month5 from when the flnanclal statements are authorlsed for Issue. Our responslbllltle5 and the responslbiiiiles of the trustees wlth respert to golng concern are de5crlbed In the relevant sectlons of thls report. Other Infamiatlon The trustees are responslble for the other Informatlon. The other Informatlon comprlses the Informatlon Included In the trustees, annual report, other than the flnanclal 51atements and our Report of the IndependeThtAudltors thereon. Our oplnlon on the flnanclal statements does not cover the other Informatlon and we do not expre55 any form of assurance ¢on¢luslon thereon. In connectlon wlth our audlt of the flnanclal statements, our responslbllity Is to read the other Informatlon and, In doln8 so. con51der whether the other Informatlon Is materlally Inconslstent wlth the flnandal statements, or our knowledge obtalned In the audlt or otherwlse appears to be mhterlalty mlsstated. If we Identlfy such materlal Incon51stencbes or apparent materlal mlsstatements, we are requlred to determlne whether thls glves rlse to a materlal ml55tstement in the flnancial statements themselves. If, based on the work we have performed, we conclude that there Is a materlal mlsstatement of thls other Informatlon, we are requlred to report that fact. We have nothlng to report In thls regard. Oplnlon on other matters prescrlbed by th• Companle5 Art 2006 In our oplnlon, based on the work undertaken In the course of the audlt: the Informatlon glven In the Report of theTrustees forthe ftnanclal yearforwhith the financlal ststementg are prepared15 conslstent with the flnanclal statements; and the Report of the Trustees has been prepared In accordance wlth appllcable legal requlrements. 12 Re rtofthe Inde endent Audllow5 of Ihe Members of l Manchester Ltrnited Matter5 on whlch we are requlred to report by emcepilon. In the Ilght of the knowledge and understanding of the charitsble group and parent charftable company and Its envlronment obtsined In the course of the audlt. we have not Identlfled mateilal mlsstatements in the Report of the Trustees. We have nothlng to report In respect of the followlng matters where the Companles Act 2006 requires us to report to you If, In our oplnlon; adequate accountlng records hwe not been kept or returns adequate for our audlt have not been recelved from branche5 not vlslted by us. or the parent charltable company's financlal statements are not In agreement with the accountlng records and retums; or certaln dlsclosures of trustees, remuneratlon speclfied by law are not made, or we have not recelved all the Informatlon and explanatlons we requlre for our audlL or the trustees were not entltled to prepare financlal ￿ateMentS In accordance wlth the small companles. reglme and tske advantage of the small companles, exemptlon from the requireTrEnt to prepare a Strateglc Report or In preparlng the Report of theTrustees. . Responslbllltles of trustees As explalned more fully In the Ststement of Trustees Respon51bllltles set out on page eleven, the trustees Iwho a￿ also the dlrectors of the ' parent chhritable Company for the purp05e5 of company lawl are responsible for the preparatlon of the flnanclal statements In accordance wlth the appllcable financlal reportlnE framework and for belng sat15fled that they glve a true and falr vlew. and for su¢h Internal control as the trustees determlne Is necessary to enable the preparatlon OF flnandal statements that are free from materlal mls5tatement. whether due to fraud or error. In preparlng the flnanclal statements. the Irustees awe responsble for assesslng the group's and parent charltable companf5 Hblllty to contlnue as 0 8olng concern, as well as dlsc1051ng, as appllcable, matters related to goSnB concern and uslng the golng concern basls of a¢countln8 unless the trustee5 elther Intend to Ilquldate the group or parent charitsble company or to cease operatlons, or have no reallstl¢ Iternatlve but to do 50. Audliors, responslbllltleg for the audlt of the flnanclal statements Our oblectlves are to obtaSn reasonable a5surante aboyt whether the flnanclal ststements as a whole are free from materlal m15Statemen¢ whether due to fraud or error, and to Issue a Report of the Independent Audltors that Includes our oplnlon. Reasonable as5uran¢e Is a hl8h level of assurance butls not a guarantee that an audlt conducted In accordance w￿h ISA5 IUKI wlll always detect a materlal mlsstatement when It exlsts. Mlsstatements can arlse from fraud or error and are consldered material If, Indlvldually or In the aggregate, they could reasonably be expected to Influence the economic decislons of users taken on the basls of these flnancial statements. Irregularitles, Includlng fraud, are Instances of non-compllance with laws and re8ulatlons. We design procedures In Ilne wlth our responslbllltle5, Outllned above, to detect materlal mlsststements In respect of irreEularltSe5, Includlng fraud. The prlmary respon51blllty for the preventlon and detectlon of non-cornpllance with laws and regulations, Indudlng fraud. rests wlth both those charged wlth 8oveTnance of the entlty and management. The extent to whlch our procedures are capable of detectlng Irregularltles, Includlng fraud, Is detalled below,, We galned an understsndlng ofthe legal and regulatoryframework appllcable to the Charltsble group, Industry, and the envlronment In whlch It operates, and con55dered the rlsk of acts by the Charltable group that were contrary to these laws and regulatlons, In¢ludlng fraud, We evaluated management's Incentlves and opportunltles for fraudulent manlpulatlon of the flnandal statement5 IlncludlnE the rlsk of an overrlde of controls) and determlned that the prlnclpal risks were related to Income recognltlon. We also deteymlned that there Is a r15k of Irbapproprlate journal entrles belng Included. Approprlate PTocedures perfornied by the en8agement team Included: Identlfylng and testlng Journal entrles, In partlcular any lournal entrles posted wlth unusual account comblnations: and Challenglng the assumptions and Judgement5 made by management In thelr s18nifThnt accountlng estimates; and Revlewing the minute5 of meetlngs of the Board of Tru5teeslDlrectors,' and Discu55ion5 Wlth managemen¢ Indudlng consideratlon of known or suspected Instances of non-compllance with laws and reEulatlons and fraud; and Performlng analytlcal procedures to Identlfy any unusual or unexpected relatlonshlps that may indicate T15k5 of materlal misstatement dLte to fraud. Re ort of the Inde endent Audltor5 of the Manchester Limited embers of Audltors, re5ponslbllltle5 for the audlt of the Ilnanclal ststements {ci>nVd) There are Inherent Ilmltations Irb the audlt prO￿dureS descrlbed above. The further removed non-compllance wlth law5 and regulatlons Is froffl the events and transactlons reflected In the financlal statement5, the less Ilkely we are to become aware Df It. Auditlne standard5 also Ilmlt the audlt procedures required to Identlfy non-compliance wSth laws and regulations to enqulry of the trustees and other management and the Inspectlon of regulatory and legal correspondence, If any. The rlsk of not detecdng a material mlsstatement due to fraud 5s hlEher than the rlsk of not detettlng one fesultin6 from error. as fraud may Involve dellberate concealment by• for example, fotgery, IntentSonal misrepre5entatlon or through collusion. Based on thls understandlng. we designed our audlt pro￿dureS to Identlfy non-compllance wlth such laws and regulatlons that could materlally Impact the flnanclal Statements. A further descrlptlon of our responslbllStles for the audlt of the flnanclal statements Is located on the Flnanclal Reportlng Councll's webslte at www frc.org.uklaudStot5responslbllltles. Thls descrlptlon forrns part of ow Report of the Independent Auditor's. . U$¢ ofour report .Thls report Is made solely to the charltable company's members, as a body. In accordance wlth Chapter 3 of Part 16 of the Companles A 2006, Our audlt WOTk has been undertaken so that we mlght stste to the charltable company's mernbers those matters we are requlred to State to them In a Report of the Independent AudStors and for no other purpose. To the fullest extent pem)ltted by law, we do not accept or assume responslbllSty to anyone other than the charitsble company and the charltable companV5 members as a body, for our audlt work for th15 report, or for the oplnlon5 we have formed. Mellssa Bowers FCCA Isenlor Statutory Audltorl For and on behalf of Harts Llmlted Chartered Accountants & Statutory Audltors We5tmlnster House, 10 Westmlnster Road Macclesfleld Cheshlre . SKIO 18X Date: .,.Ai.l. i.i..l.ZllL+...........,.. 14 ester Lkni $0lldathd Sta COnSDYidat Ort￿ye fFI nda ÈartdEx en rth20 Unrestwkted Resirltt Funds Funds Totsl Fund5 2014 T()tal Funds 2023 Income Irtsm.. Donatlons 7a4oa4 59.013 791047 845,450 Charttable AetlvEtles 1&89Z 53.906 70078 65,¢J97 other TradlnEArtMII¢s I￿613 80fv13 8L369 Investment Income 15M38 1,524 Other 584 Total In¢om• e45.977 Ill999 958J76 994,024 EKp8ndltur• on: Ralslnll Funds: Tradlng and other￿$ 137.985 197,985 117,121 Ch•rlt8ble 4¢tSvlthi Church operatln8 •xper4es 717.6BI IW39 844,020 888,37J T¢)tsl •xpendiiuri 855666 981,1)05 1,(*15,494 Galns on Investmert prowrty 16 21560 22,560 291,941 N•t Ik)com• II•¥pgndltur•l Iwi 14691 280A71 Tr8nrf•rnb•tw••n funds 118J95) 11995 Nrt th0￿mIn¢ In lund¥ (6.1241 691 280,471 RECONCILIATION OF FUNDS Total funds brou8htfornArd 1386A45 26.389 gA12 3.132,363 Totsl funds ¢arrled forward 3.380.321 044 3AIL965 3AIU34 All re$uk$ relate to contlnulnBopofatknnsandther*are Balnsand105se5otherihwth05p shown abo¥& The Jotes lorm of the5E Flnan¢lal statemen15 anche5 umber.. 07 solldated ear Ended tÈSheè ch 2024 2024 Gro 2024 tharlty 2023 Group 2023 Charltv FIXEDA55ETS Tan¥lble assets Investment property aW91.188 491560 2.190.264 492.560 3,185,296 470 2,238,524 470,L 3.584748 2.682W4 3,655,2gs 2.70B,524 CURRENT ASSETS stock Debtws Cash at bafik and In hand 1272 43,214 466.6S9 17 31J20 S2•￿> 5,184 481,028 IS2.818 421061 56L815 621212 51114S 573,879 CREDifoRS kniounisfalllngdu• wlthlD oneyear 56,174 29,73B 56182 28.281 NEfcuRRENT ASSETS 505.541 596A74 455.963 545,598 TOTALASSEf5lESS CURRENT LIABILITIES 4089389 3.279,29B 4,IIL2S9 3,254.122 CREDITORS Amount5 falllw due In mwe than othèy•ar 19 674924 698A25 TOTALNET ASSETS aA12J65 9.279298 3hl1834 3,254,122 FUNDSOF THE CHARITY Unrestrlcted funds: G•ner41 0•s18aa¢ed 21 3,1?2￿59 2117M62 3AIIg.792 ZD7.462 3,226,046 160,399 3,067,334 160,399 R•itrlded fun 34044 52,044 26.389 26JB9 3,412.16S 3,179,298 3.412,834 3,254,122 The nnanclal statements have been prtpa￿d wlth the5pedal p￿￿510n$01 part 1Sof the Companle5Ad 2￿6 re￿tIng to small IhBrithble compaThl¢ The flThanclal statementswere apwoved bythe Board 0fTnJS￿ on 15th Nowmber 024 andwere Wed on its behalfby: Mr. AJ Skne (TrusteEj The Tr)te5 fovm partofthesÈ financlal statements 16 hesler Iln Istere Cash Flow53 lor theye ollda ed31M 2024 2024 Group 2024 Ch3FIty 2023 Group 2023 Chèrlty P*)te¥ Cash us•d In operntlng arfl¥ltles 57,442 53,697 CBsh flowi from Investl￿ a¢tl¥liles Purchase of ton8lble nxBd assets Sales of tan8lble flxed 455ets Interestfrorn Investments 14531 140,9591 2.869 L524 140.9591 2,869 1,524 15M38 15A38 C•th used In Investlni irtlvttl ,985 14,9B5 136,5661 136.5661 Incr*i$e In cosh and rash equlvalents In thtyeor 59.967 211876 17.131 Cash and cash equlvalents ar the be8lnnlnrf ol theyear 421A16J 445.783 4103,930 Totil c15h and ¢•sh•qulvalenis attho arAI of the ye4r 26 528x149 48&028 464659 421.061 The n¢)tes form part of these fln3fKlalstatements 17 Manchester Ll Ited Re istered number.. 07109404 Notes to the Flnanclal Statements for the Year Ended 31 March 2024 1. Statutory Inlormatlon Ivy Manchester Limlted Is a prlvate charltabte companyj Ilmlted by guarantee. reglstered In England and Wale5. The charltable company's reglstered number and re8lstered office can be found on the Report of the Trustees. Ivy Manchester Llmlted meets the deflnltton of a publlc benefit en￿tY under FRS 102. The presentadon currency for the financlal statements Is Pound 5terllng 1£) and the ftnanclal statements are rounded to the nearest £1. Z. A¢countlng pollcles Basls of prtparatlon The flnanclal statements have been prepared In accordan￿ wlth Flnanclal Reportlng Standard 102 Yhe Flnanclal Reportlng Standard appllcable In the UK and Republlc of Ireland" the Companles Art 2006 and the Charltie5 SORP IFRS 1021 'Accountfjng and Reportlng by Charldes.. Statement of Recommended Practlce. issued In October 2019. Assets and Ilabllltles are Inltially recognlsed at hlstorical cost or 'transactlon value, unless othorwlse stated In the relevant accountlng pollcy. Preparatlon of the accounts on the golng Concern basls The trustees have revSewed the clrcumstances of the charltable group and conslder that adequate resources contlnue to be avallable to fund the a¢￿vItIeS of the Church, and of Ladybrldge Connect Llrnlted, for the foreseeable future. The trustees are of the oplnlon, therefore, that no materlal uncertalnties relatinR to golng concern exlst and It remèlns approprlate to prepare the con5011dated accounts on a 8olng concern basls. Group flnanclal statemenls The flnanclal statements consolldate the results of the charlty and Lidybrldge Connect Llmlted Dn the basls that Ivy Manchester Llmlted controls Ladybrldge Connect Llmlted by vlrtue of holdlng a majorlty of the compan¢s voung rlghts. The flnanclal statements have been ¢onsolldated on a Ilne-by-llne basls. A separate Statement of Flnanclal ActI￿tIes and Income and Expendlture account for the ¢harlty has not been presented because the charlty ha5 taken advantage of the exernpifon afforded by sectfon 408 of the Companles Act 2006. Crlllcal a¢¢ountlng lud8ernents and key sources of estlmatlon uncertalnty In the applICa￿On of the accountlng polleles, Trustees are requlred to make judgement esdmates and assumptlons about the carrylng value of assets and Ilablllties that are not readlly apparent from other Sources, The esttmates and underlylng assumptions are based on hlstorlcal experlenee and other factor5 that are con51dered to be ielevant. Adual results may dlffer from these estlmates. The estlmates and as5umpdons are revlewed on an on8olng basls. Revlslon5 to accountlng estlmate5 are recognlsed In the perlod In whlch the estlmate Is revlsed If the revlslon affects only that perlod, or In ". the perlod of the revlslon and future perlods If the rev151on affetted current and future periods. In determlnlng the falr value of Investment property Induded In these flnanclal statements, the trnstees appolnted an Independent profe5slonal 5urveyorto provlde an expert opinlon. The market value ufthè property is estlmated by the expert after Inspectlng the property, revlewlng comparatlve hlstorlcal market data, and maklng a series of assumptlons. Incomlng resources All Incomlng resource5 are Included on the Statement of Flnanclal Actlvliles when the groupls legally entltled to the Income and the amount can be quantlfied wlth reasonable accuracy. Government 8rants recelved aTe recognised on a re￿1vable basls. Non-8overnmentgrants rdatlngto capitsl assets are recognlsed as Income over the expected useful life of the asseL Investment Income comprlse5 of Interest and rents recelvable. 18 chester Llmlted Re Istsred Nmber: 07109404 Notes to the Hnanclal Slatements for the Year Ended 31 MaTch 2024 Resources expended. Expendlture is accounted for on an occruals basls and has been Clas￿rIed under headlngs that aggregate all cost5 related to the category. Where costs cannot be dlrectly attrlbuted to headlngs. they have been allocated to actlvltles on a basls conslstent w5th the use of resOU￿e$. Expendtture In¢lude5 any VAT whlch cannot be recowed. Costs of ralslng funds relates to the expendlture of the subsldlary undertaklng. Charltable actlvltles relatè to expendlture IncLÈrred In the furtherance of the charltable oblecUve5. Support costs are those functlons that asslst the work of the tharlty but do not dlrectly undertake charltable actlvltles. Support costs Include websSte, cleanlng, computer costs. lease of equlpment, bank charges and subscrlptlons. The cO￿S for employlng 5UPPOrt stsff are Included In staff costs wlthSn note 8 to the flnanclal ststements. Governance costs ' Governance costs comprlse all costs Involvlng the publlc accountsblllty of the charfty and Its compllance wlth regulatlon and good practlce. Volunteers The value of 5ervlces provlded by volunteers Is not Incorporated Into these flnanclal statements. Further detalls of the contrlbutlon made by volunteer5 ¢an be found In the Trustees, Annual Report. Thn8lble flxed assets Donated freehold land and bulldlngs are Inltlally recognlsed at falr value and depreclated on a stralEht-Ilne b?515 over thelr estlmated usefvl Ilves. Indlvldual flxed a55etS C05tlng £1,000 or more are capltallsed at cost and depreclated on a stralght-llne bas15 over the estlmated useful Ilves as follows: Freehold land & bulldlngs Leasehold land & property Fixtures and fSttlngs Plant and machlnery SO years - 10, 20, 50 & 125 years 5 years 5 years Impalrrnent revlews are carrled out when there Is some Indkatlon that the carrylng amount of a functlonal flxed asset Is below Its net book value. Investment property Investment propertles are valued at Intervals not exceedlng three years on an open market exlstlng use basls subject to current occupatlon '. and tenancles In place at that tlme by an approprlately qualtfled profes51onal. In the Intervenln8 years. the Trustees value Investment propertles by reference to market reports and government Indices, The Statement of Flnanci31 Actlvltie5 Includes the net galns and losses arlslnE on revaluatlons throughout the year. Stock Stock15 valued at the lower of cost and net reallsable value. Debtor5 Trade and other debtor are recognlsed atthe settlement amount due after any trade d15count offered, Prepayments are Wdlued atthe amount prepald net uf any trade d5scounts due. Conces$lonary loans Concesslonary loans are made wholly or in part toadvanee charltable purposes for the benefit of a charlV5 beneficlarles. Amounts repayable on demand and are recognlsed Inltially at the amount pald or re￿Ived, with the carrylng amount adjusted In subsequent yeaTS to reflect repayments, any accrued Interest and adlusted If necessary for any Impalrment. Concesslonary loan debtors are retognlsed between current and non-current assets with reference to the expected tlmlng of the recalling of the debt by the lender. Concessionary loan credltors are recogn15ed between current and non-current Ilabllltles with reference to the shortest posslble date of recoupment by the len(ler. 19 M8nchesteT Limitsd 15tered number: 07109404 Notes to the Flnanclal Statements lor the Year Ended 31 March 2024 Cash at bank and In hand Cash at bank and in hand Includes cash and short term hlghly Ilquid Investments with a short maturlty of three months or le55 from the date of acqulsltlon or openlng of the deposlt or slmllar account. Credltors and provlslons CredltOTS and provlslons are recognLsed where the charEty has a present obligatlon resuldng from a past event that wlll probably result In the transfer of funds to a thlrd party and the amount due to settle the obllgation can be measured or estlmated rellably. Credltors and prov151ons are recognlsed at thelr settlement amount after allowlng for any trade dlscounts due. Deferred Income relates to conference contrlbutEons and grants recelved durlng the year whl¢h relate to fulure perlods. Flnanclal Instruments Baslc flnanclal Instruments are Inltlally measured at transactlon prl¢e and subsequently measured at arno￿5ed cost, wlth the exceptlon of Investment5 and cash at bank which are held at falr value. Financlal assets held at amorttsed cost cornprlse trade and other debtors and flnanclal118biiiile5 held at amortlsed cost comprlse trade and other uedltors, except ts￿a￿On and soclal securlty. Operatlng leases Rentals pald under operatlng leases are charged to the Statement of Flnanclal Actlvltles on a stralght-llne basls over the perlod of the lease, Taxailon A5 a reglstered charlty, the charltable company beneflts from rates rellef andls generally exempt from Income Tax, CorporatFon Tax and Capltal Galns T•& but not Valued Added Tax. Penslons The charlty operates deflned eontrlbutlon penslon schemes. Contrlbutfons payable to the chjrlty's pet)slon scheme arè charged to the Statement of Flnanclal Actlvltles In the perlod to whl¢h they relate. Fund accountln Unrestrlcted funds are those fund5 for use at the dlscretlon of the trustees In furtherance of the general obSectlve of the charlty. Deslgnated funds are unrestrScted funds earmarked by the wlder leadershlp team for a partlcular purpose. Restrlcted funds are Subjected to restrlcilons on thelr expendlture Imposed by the donor or through the temis of the appeal. It Is the pollcv of the charity for any tax reclalmed on all types of glft ald payments to be reLiined by the tharlty and placed In unrestrlcted funds, unless otherwlse speclfically requested by the donor. Cempany StatUS Ivy Manchester Llmlted Is a company Ilmlted by guarantee. The members of the company are the trustees. In the event of the charlry belng wound Upi the Ilablllty In respect of the 8uarantee1s Ilmlted to £1 per member of the tharlty. 3, Donatlons Untestrlcted Funds Restrlcted Funds Total Funds Total 2023 Glfts and offerlngs Grants received Tax refund5 585,657 21￿00 125.577 57.513 1,500 643,170 23.30D 125,577 693,166 22,187 130,097 733.OYI 59,013 792W47 845,450 20 tè ilfftlted lttered Èr: 07 oteslothi Fs the Year End clal 5 51 Mai 2024 Subsldlarycornpany resu115 2024 2023 Turnover Other Income 107065 36047 39.805 Tot•1 Incomè 143,512 126.613 Operadr¢8Costs Depre¢latloTh 1108.5631 145,84BI 171,5311 145,5881 TDtIl Exp•ndltur• {154￿11) 1117.119) ProllVII(trssl for the Ytar IioP991 9.494 Manche5terLlmlted wntrols LadW>rfd8eConnect U￿tsd ￿VIrtue0t ownln8themaJorityof thecompanWsvotln8 rfghts. Tht.986 16.892 52,561 12,536 16W2 53,986 70.878 65￿97 Other Trbdlw a¢￿tIeS lknreslrlrt¢d Funds Totsl 2024 Total 2023 Fund5 Ivycafé 5ale5 R<>tyn hlre & seNke char8es Aonta5 IrKome 48J90 3£22J 4&390 32223 37,320 29,686 14,363 80,611 81,369 7. IhV•StmeTrl Incom• iknreJtrf(ttd R•strkt•d Fund% Funds Totwl 2014 Toi41 2023 Deposlt arcount Interest Renlal Incorn• 6,613 6.813 8.625 L524 15,438 15A38 1,524 ted Sta Imay or ILLear Ended 024 Staff ¢oslS iknrestrTcttd Fund5 Total 2024 Totsl 2023 Funds GrDsssalarfe5 Soclal securltv Employer pen$lon 335379 24A56 ZS,B86 9.834 345,115 25,602 27,644 357,587 20,404 33.861 1.758 385￿1 11738 398J59 All￿52 Tharewere Tro employees wlth employee benefits lexdL*JhKemployer penslonand sodal seoJrMycorÈtrlbJ110Tr51 of £60.IXYJ or more In the year12013.' ￿ne1. The average numb¢r of employeeswas 85folows'. 2024 2023 Pastoral Team Chlldrén'sworkers Admlnl$tr¥tlon Teim io li 19 In iddltlon tothese emplaytes, m•ny¥oluntew5whowor5Np at the thur¢h donatea 8rut immtof tlm• to Trry frAin¢hester Llrnlted. Thevalue of th1511rne Is Imp05$1ble to relltttknthe5e fin•ndal 5tatsmethS The Key Management Pe￿ne1 of the thirlty, and ol the group. comp￿￿ tsf the sEnIor￿adershIp. Employee benefft5 relatlng to Key M8na8oment Personnel ol the 8roupdwln8theye8f were É115,74411023: EIII3331 23 ered n er:07 Nok2Lothe Flna forthe e31 Ended 3 March 2 Chur¢hop8ratlw expend5tyr• Ufflestrktqd F￿d$ Ilestrl¢ted Funds Total 2024 Total 2023 15s1on sUPPQrt ur¢h ser¥lcesoff 51te Contrlbutlons and don*lons Church materiab Staff tosts (note Bl Repa1￿ and renew315 Chlldren.yDUth and studenl Academy, Sport, Fuse. Sharsti)I Central and Cheadk Hulm• TralnlTrB Web51te gnferen¢e expendlture Ll8htand heat Travel Depreclatk*n Rent, rates and water CaterSn8 Itssvrance 8ink chBr&es Subscrlptlons Sundrfes Support cosls lThote 101 Governance costs (note 111 Profit on dlsptssal of nxed assets no￿5 25N9 21478 5,905 310,796 49.111 120,206 25849 25,346 5,905 J23,524 18J63 15.477 247 1,307 4,559 22.Z75 56,458 25,363 11027 48,713 3,808 3,545 108,799 21P50 72,983 IL895 334,48Z 27.191 12,904 11738 11786 247 IA07 4,$59 22.275 SJJOO 25.363 IL027 H,ZOD 9,808 4.691 2,98B 8,285 35,879 50,194 IS,057 7,815 48,457 4.931 2.634 5.916 4.725 1.265 1,231 105,359 6.402 12,8691 5V51 4.513 4,906 2,170 3,855 104391 lo￿80 2.170 Y,863 104.391 717,681 126,339 844020 888,373 10. Support ojti 2024 rot41 2073 Total All unrestrtcted lunds Staff ¢osts Inole81 Prlntln& pos¢a8g and 5tatlonery Te￿PhONe ComputErcosts lease egulpmont Cleanln Le8al aThd proles51rthal 74,835 3,621 3,438 1.117 77,370 4,491 3,219 3,142 2,070 11,397 3,670 11.697 8,CB8 104091 105,359 Ited Iste 109404 to the Fin3 Lyeaw End or 31 Mar 2024 11. Gov¢rnaTrTr¢osts All restrktedfunds 2024 GTOUP 2024 thiflty 2023 Gr￿JP 2023 ailty Audltovs remunÈratlon'. Audlt lee5 Audltor's remunÈratloTh'. non oudlt 5er¥kes 7J55 5277 7,155 5,076 861 5.076 1.326 12A32 10,610 7.937 6,402 12. TTUJt4•1' remunBratlon 4nd•ypon Gross Sgtary Empkny•r Employ•r Nl Pen51on Total Z024 Totil 2023 Rev. Anthony Ddaney 58A87 6.816 5,200 yoAoJ 68,466 Ine senior Pastor, rfÈV.AnthollyLwaney, Is remunemeo m aC¢Ofaance ￿t￿chantI￿￿(0rnp1rtys memorandum Artici•s otAssoclallon and h15 contractof *mploymenl forwork done on behalwolthe church. Three trusttes12023.. threelwere relmlwrs•d £24,372 {2023.. £19,051) lortr•¥el &d￿rth actlvityexpensts durfw the year. The numberoftrusteesto whom r•tlrement beThefftswere accNln8 w4$ •$ fdlDws'. 2023 Mo#•y pur¢ha5e xhemes 13. Rlwltsolthe Éh•ilt8ble tomp•ny A5 pErmStted bySE¢Llon408of the C•mp•nlesAct2CrfJ6, the p•rent tompaThV5 Income and ExpendltureAc(ovnt has not been Included In these flnandal statement. The parent tomparf5 5vrphtsfar ihe Ilnantl*l year, Inrludln8 8aln$ on the fivaluauon of ftxed assets gf £22.56012023.. É291,9411. w4$ £2S.17612023: £285.7691. Man d numb 5 lothe Flna eaf Ende Staieme •rch202 Comparailvos lorth StotemenlofHnancknl Adhpkn IYe*EMlln8 31 ￿r(￿ 20231 UnrÈstrlLted Funds 2023 Re5tthted Fund5 2023 Total Funds 2023 Inwmefrorn: Donatlons SL422 845,450 Charltablekttvltles 11.425 53.672 65W97 OtherTradlng Actmtles 8L369 81.369 IThvo5tmEnt Income L524 ¥524 other Total Income 887,930 106,094 994,024 Expendlture oh: Ra151ng Fund5'. Tradln8 ind other Costs 117.121 117,121 Charltab5e actmtles Church operatlng expenses 98,209 888,373 TDtsI expendlturt 907.285 9&209 I,IW5,494 Giln5 on Investhient Property 29L941 29L941 N•11n￿me 2715B6 280,471 Tran$lei$ between funds 14.1891 N•t movement In fvnds 268397 IU174 280,471 RECONCILIATION OF FUNDS Total lunds brou8hlfoTh¥ard 3.118 14,315 3,132.363 Total funds carrled forward 3￿,445 ZSJ89 3,412,834 an¢he Imked siered er:07109404 otheri YearEr4d 31 Mar 20 15. Tinglblellxed assets Landand Prnperty Plant ahd PA EwTpment F￿1￿leS Mathknery andcompu￿r$ and fittln Group COST: At 1st Aprll 2023 Addltlons 1212 IA( 453 I86￿13 3.586.949 453 ,214805 24mS 161857 641 3.587A02 DEPRECIATION At 1st Aprll 2023 Ch•r8e foryp.ar 133,198 53,365 9.617 1.819 3,111 12,336 135.707 24,041 40L653 94.561 186A63 135047 159,74B 496 214 NET BOOKVALUE At 31 Marth 2024 9,016.246 9.639 26AiO 28,893 3.091.118 At 31 Marth 2023 a￿79,011 14A58 ¥293 52,934 3,185,296 27 Manc ted tothÈ Flnancl eat Ended 31 atements Tch 2014 15, TanRlblèflKed 8ssetslconl'd) i•nd and PAEqulpmBnt Rxtur•5 Property and fofflputers 8nd fittlnK5 Charlty Total COST,. At 1st Aprll 2023 Addltlons 1253.307 IA04 453 84.513 ZA95.224 453 1253.307 161,857 4,513 2,499,677 DEPRECIAIION At lstAprll 2023 Chèr8e fory*ar 64.932 32A66 12J,liO U,316 72,658 4911 260.700 48.713 Af 31 M4rch 2024 97,198 135.446 74569 a09.413 NET BOOKVALue At 31 March 2024 1155.909 26.411 Z,190264 At 31 March 2023 2,IB8,375 38.294 II855 1238.524 Included In Lènd and Property Is the churth bu4dlw ￿SIde￿i￿1 propety and tho land oThwhlch theysll *thlth ￿redo￿at*d to the group In 2021 by Bloc￿llk Foundatlon Ltd, a now dlss0Wth￿ty whleh waSTeWstered In England & Wales. The value of thé dona¢lon w35valued bysmlthers Pufslow on an Inve51fflent Vahje Iworthl basls Injanvary 2022 at £2.435,OOQ Durfn8 the prlor year. one resldentlal propertyl97 8•rfow Moor knadl was redassSfied a5 IN¥e5tment woperty due to a ch8nBe of usÈ.S¢e note 161ur further detall& 16. Investment Piopertv 2024 Growi 2024 thadty 2023 Group 2023 Charfty Falr value 35 at l Aprfl 2￿￿3 TransleT Irom tswlble fixed assets Falrvalue 8aln on revalvatlon 470JJOO 47D,OOD 178,059 291,941 178,059 291,941 24560 $60 Falrvalue85 at31 March 2024 494S60 492,560 470.fAO 470,CIXI Due lo a chance of UstdurIr￿ the pwlorye4r. a prnpewtyl97 B4rlowMoor R¢Adl W•STedasstlbEd a5 Investment propErtyfrom Land and Pioperty. Thls propenyls no lonoer used In thecharfty$own acttvlrfes and ts letout on lh• open m•rkeL A foTrpHlvalu8tlon Df the propertywas wepared byToru¥ChBrtered SuTves*rsln O£tober 2023 who have re£ert elperf¢n￿ In the lo¢atlon and typeof property beIngvalu￿. The property was valued at £470.￿0. The trustees have conslder the valuatlon of the propertyas al 3151 March 2024 aTrJ. b4¥ed(m loc￿ propwtydats forthe prfi(d haveestlmated ihevalue at the balan sheet date to be £492.560. (hester L Notes to forthe Y e Flnan Ended atÈme th 2024 17. DebtorJ:Amount5 lallln8 dyewrfthkn one year 2024 Group 2024 Charlty 2023 fjroup 2023 Charlty Tradedebtors Prepayments and accruEd Incorne VAT Otherdebtors 1,675 7.584 17.231 l651 36.165 4,398 34,126 a1920 26A92 43,214 34,126 Arnountsl•lllnidue ift•r mor•thanon*y•AT Conce5$1onary loan to related undertakl 118.692 11(692 AureBatè •mounts SL920 43,214 152,818 18, Credltors: Amountsfalllng du• wRhlnoM yeai 2024 Gn>up 2023 Gr￿P 2023 Charlty arfty A¢¢rLFa15 and delerred Incom• Taxatlon and sodèl securlty othercredhors 51286 29.750 55,616 556 io 27,715 556 io Iiii 56?74 29.738 56,182 28,281 Deferred lTrcome con51$ts olarnounis rece1￿￿ In •dvance ofconle￿5 whl¢h I￿ tskkn8 plxe kn future PEdods.Asolnduded In deferred Income ar•¢apltal 8rants whlch are released to the Statement of Flnantlal hxtmlles over the ustlul economlc Ilfe of the assetson whlchtheErantwa5 Spent. D¢lerred Income brou8ht fornard from th• Pr￿0￿$Year was £726,325. Income delerred In the year w8s£7,289 and deferred Incorne rel••sed to the Statementol FlThanclal Advltl•s In th¢ yearwa5 £27,￿. 19. Cr•dltor5: Amounls falllnidye 4fteroney¢ 2024 Group 2021 Chwrliv 2023 Gw 2023 Chpilty Defvrred Arant Income 676J24 6x415 6Th924 698,425 thesterilmlt ber. O NDte5 to th Rnanc131 S lortheyear En ed31M nts 2014 19. Credltors.. Amounts falllni due afteroneyear l¢ont'd) Amount5falllng dueafteT flveyears and not repayable bylnstalrnents: 2024 Group 2024 Ch•rfty 2023 Group 2023 charlty Deferred granl Income 6W915 623.212 606.915 623.212 20. Operatlnl l•ii• commltm•Dts The lollowlng operatln8 lease payments are cumitted th be pald bythe Brou 2024 2023 Wlthln one year gefv4eeTh IWO and tlve y•• In more than 15ve years 1416 7.540 114.000 2,416 8,956 115,0 I23,￿6 126,372 Oper•tlng lease ptyments reco8nl$ed •s¥n exp¢Ne lo Ihey•ar tolollÈd £258412023: 3￿?0) 30 anc Um5ted stered n 07109404 e5 10 the hÈYearE d al Stal 31 MaT£ 202 21. Movements In funds Group 1st Aprll 2023 R¢waTuatb)n 31st Marth Galns 1024 Iw>me E¥pÈnthtu Transfe Unre5trlcted lund5'. General fund Desl8nated funds 4226,046 160.399 753￿63 91014 1815.838) 139.8181 I13￿12) 15,1231 21560 J,17l859 207A62 3W6845 845,977 (855,6661 11499SI 21550 3,380.321 Restrkted funds 26,389 111999 (126,3391 14995 JW4 3AIU34 958,976 I982￿) 21560 3.412.165 Charlty 1st Apill 2025 R•valua¢lon 3151 M•rch Galns Z024 Income ENp•nthure Transl• Unre5trithed lunds.. General fund DÉslgnated fundj 4067.314 160J99 668,076 92,014 1701,3061 139,828} 113A721 15,123} 21560 3,039,792 207,462 3.227.795 760090 1744,1341 1119951 22,560 3.247,254 Résrrkted funds 111999 1126.3391 18,99S 3Z,IMI 1,254.122 874089 {8700731 2L560 3.Z79,Z98 CDmparatlve net movement kn fvnds Ind￿lEd kn the knve lreasfolhws: Group tsl Aprfl 2021 Aevaluaiion Galn$ 31st Marth 2023 Expenthtu Tra1￿￿$ Unrestrl¢ted lundi: General lurjd DeslgThated funds 195Iy2 I66￿6 783.715 104.215 1810,5091 196,7761 9,357 113,5461 291.941 3,226,046 160,399 3.118,(hl8 8x7.930 1907.2851 14,1891 29L941 3.386,445 Restrlcted fvnds 14A15 106P94 198.2091 4.189 26,389 3,131363 994.024 I1￿)5￿94) 291.941 3.412,834 31 ber-071 ES tothe Flnan eaf Ended 31 State ents arch 202 21. Mov¢monts In lunds Icont'dl Char￿¥ lstAprll 2022 Revakjatlon Galns 3ts1 March 2023 Income ExpeNllwre Tran5feF5 Unr85111cled lunds: fjeneral lund DÈsl8nated funds 2.787,532 166507 693.365 104.215 In4￿611 196.7761 9,357 113547) 29¥941 3,067,334 160,359 2.954,039 797.580 181L6371 14.IxII 291,941 3,227,Ta3 Rtstrlcted funds 14,315 106.(191 19&2101 4.19) 26.aB9 I9￿354 3.674 1909.847) 291.941 3.254.122 22, An91yil$ol group net A55ets b•twMn fuDds 31 M4r¢h2024 Tot•1 Fund5 Gon•ral Desfgnat•d R•Stik￿￿ Tan8lble flxed assets Inv•slrn¢nl property Cash at baThk4#d In hand Other net Cur￿n1 855et5llllibllltlesJ Credltors ol morethan one year 3,077,883 492,560 297.201 117.B611 05 3.091.188 491560 5Z4Q49 Iz2.SO81 207,462 23.Y86 14.6471 I676￿211 1676,924) 3.172.859 207A62 3AJ2,365 Comparatlve anatysls oliroup net455ets betweEn lun 31 Marth 2023 Total Funds General De51Knated estrkted Tanglble flxed asmts I￿eStment proptrty Cash at bèThk and In hènd Other not curyenta55et5/lllabllltles) Crediiors of more ihall one yeaF 3.167,478 470.1)00 297.113 110.1201 17818 3,185.296 470.oc 466,659 159,499 IQ047 IL4761 1698.4251 1698A251 3,226.046 160,399 26.389 3.412,834 32 Manc ted umber: 5 tothe Flnan e Yegf Ended 3 tÈment 2024 R•lzted p8rty tran5artlons Truste< Rev. Anthonyoelaney. Ss an employeeol Ivy MapthÈsteF LÉmlted and ¥ecelvedTeMuneradon from the ￿mpanydUrln6 theyear, 8S5et out In note J? Yru5tees' r¢muneratl¢Jnand expertse5". LhJrfn8 the year, the 8roup employed dose farnltymembersof trustees Ilev.Anthony Delaney (Emmajeffreyl arml Andy Lee (Usa Lee). The close lamlty members oftru5teps received employee benefits kn thÈyear. Inc￿dIng Ernployer penslon and EmpEoyer Soclal 5ecurltycont¢lbutlon4 totalUn8 £29,14112023.. £44,160 relailryto fourclose tsmlty membetsl. Dvrlng iheyear, the aWe￿ie don•Uons rnulv¢d from other related partleswlthoutcond6Uons was£47,469 12023.. £49.7361. Durlng the year, M8nchester Urnlt¢d conlrlbuted f3.190 Iz023.. Q2561 io*Ards the runthi¢osts of 8 propertywhkh It own5 Bnd Is occupjed byTNstee, Rev. Anthony DeLiney. Key Management P•rsonnel emphyee benefftsate d15dwd kn T￿?8. 24. Pan51on rommStm•nts The group operates dellned contrIb￿lan penslon s¢h•mes forltsemploiw. The assetsotthe xhemes are hèld sep•ratsly from thosè of the 8ro¢Jp In Independenity admlnlstered fund& Contrtbuth)ns kwablefor the yeaiare ¢har8ed to ihestatement of Flnandol Actlvftle5. The pension thar¥e Included In ihe Statement of Flnandal A¢tlvliies theyearwa5 E27,6H12023: £33.8611.There wer• no n51on ¢ommltm8nts outstsndlniat the end ol ihe current or Wel￿￿$11￿andaI year. Z5.Recon¢lllatl¢D ol net m4v•ment In lo nettash 1lowtrom0p￿lIwK￿¥nl 2024 Group 2OZ4 Ch•rtty 2023 Gr¢Jup 1023 Chartty Net movement In lunds Revaluatlon ol Investment property Proni on dlsposal olfvd assgfs Depreclatlon charge Interest fiom Imiesiments Renls re¢elved Ilncreasel In stocks 14191 122,5601 25,176 1215601 280,471 1291.941 13.8251 95,001 28S,769 1291,9411 118691 48.457 11,5241 94,561 IA8131 18.6251 426 48,71J 112ni Decreaselllncreasel In trad• and othir d•btoi$ 11?94 24691 31.916 IDecrea5el I Intrease In trade and other credllor5 IIiA091 1057 145.1591 iioiiii Net cosh usedlnoperqllng ortlvltl¢s 46AOS H,982 57.442 53.697 33 erLI red numbe ' oies to t Iheyea ed 31 March 2024 26. Anoly$ls •? cash and ￿$h equival•nts 2024 Charlty 20Z3 Group 2023 Charlty Group Cash Wt bank afid In hand 52&049 48L028 466.659 42LO61 541)49 484028 466,659 421,061 34