REGISTERED COMPANY NUMBER: 07109404 {England and Wales} REGISTERED CHARITY NUMBER: 1134458 ort of the Trustees and Audlté nsolldated Financlal Ststements f Year Ended 31 Maich 20 l Manchester Limlted (8 company Ilmited by guarantee and not havtnga share capital) Harts Llmited Chartered Accountants and Ststutory Audltors Westminster House 10 Westminster Road Maccle5fleld Cheshire SKIO IBX l Manchester Limlted Contents of the Hnancial Statements For the Year Ended 31 March 2025 Page Report of the Trustee5 1-12 Report of the Independent Audltors 13-15 Cansolldoted Statement of Flnan¢lal Activltles 16 Consolldated and Parent Company Balance Sheet 17 Consolldated Statement of Cash Flow5 Notes to the Hnanclal Statements 19-35 l Manchester Limlted Re OTt of the Trustees for the Year End￿ 31 Marth 2025 The trustees, who are also director5 of the charity for the purpose of the Companies Act 2006, present their report wlth the consolldated flnanclal statements of the charlty and its subsidiary for the year ended 315t March 2025. The flnanclal statements comply wlth the Charltle5 Act 2011, the Companies Act 2006. the Memorandum and Artlcles of Assoclation 3nd the Charitles Statement of Recommended Practice I'charltles SORP,) (applicable to charltles preparlng thelr accounts In accordance wlth the Flnanclal Reportlng Standard appllcable In the UK and Republlc of Ireland,, FRS 1021 Issued In October 2019. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Company Number: 07109404 {En8land and Wales) Reglsteyed Charlty Number: 1134458 Reglstered olll¢e: 97 8arlow Moor Road Dldsbury Manchester M202GP Trustees: Reverend A Delaney Mrs. J Gbeleyl {reslgned 31st August 2024) Mr. AJ Skae Mrs. M 8ucknor Mlss15cott Mr. P Booth Mrs. K Dean Allsup lappolnted 8lh May 20241 Mr. M H Au5tSn {appolnted 19th March 20251 CompBny Secretary. Mr. AJ Skae Audltors: Harts Chartered Accountsnts Westmlnster House 10 Westmlnster Road Macclesfleld Cheshlre SKIO IBX Bankers: Natwest Bank PLC 699 Wllmslow Road Dldsbury Manchester M20 6NW Vir8ln Money 154- 158 Kenslngton Hlgh Street London W8 7RL Scottlsh Wldows Bank PO Box 12757 67 Morrlson Street Edinburgh EH3 81J Aldermore Bank Isi Floor. Block B, Western House Lynch Wood Peterborough PE2 6FZ l Manchester Umlied Re ort of the Trustees for the Year Ended 31 March 2025 STRucfuRE. GOVERNANCE AND MANAGEMENT Ivy Manchester is based at 97 Barlow MIMJr Road, Dldsbury, Manchester, M20 2GP. Ivy Manchester 15 a company Ilmlted by guarantee. reg15tered In England and Wales, No. 07109404 and Is a Reglstered charlty No. 1134458. Governlng document The charity is controlled by it5 BovernlnE document, a deed of trust, and con5￿tuteS a Ilmlted company, Ilmlted by guarantee, as defined by the Companies Act 2006, Recrultmenl Inductlon. and tralnlng ol new Irustees Any prospect5ve new trustees are retommended by the current board to the Church congregatlon for thelr con51deration. church members are then able to vote on the appolntment of the prospective trustee. A majorlty vote confirm5 the appolntmenL Trustees are kept updated through regular trustees, meEtlngs and communication throughout the year. New trustees have an initial Indu¢tlon meetlng to go over the core re5ponslbllltles and expectatlons of the role. This Same meetln8 wlll provlde an opportunity to ask que5tion5 and Identlfy any knowledge gaps for which a solutlon can be agreed and implemented. All trustees are experted to undertake a Dlsc105ure and Barrlng Servlce IDBSI check. Organlsatlonal structure The Church of Jesus Christ Is meant to be a place where every member Is a mlsslonary and a mlnlster. Some of the work that Is done at Ivy wlll of necesslty be pald and we alm to do that falrly and generously. but that volunteer splrlt runs throu8h the whole Body, of whlch Jesus Chrlst Is the Head. Funttionally we have ElderlTrustee/Dlrectors who Guard the vlslon, a Staff team who Gulde the mlnlstry 50 that the Glfts of the member5 are deployed for the work of ministry. The members delegate the mana8ement of the Church to the Elders. Thls leadershlp group conslsts of the Pastor and other lay Elders, Elders acl as Trustees of the charlly and Dlrectors of the Company. alongslde thelr Eldershlp role. Elders are nomlnated by other Elders and appolnted by a malorlty vote of members. Staff recrultment Is overseen by the Elders, and th15 team (staff) are responslble for the day-to-day operations of the Church. Our staffing structure Include5 the Senlor Pastor and Central Support Team Leader wlthln key management posltlons. Relatlonshlp$ wlih related partle$ We recognlse the Importsnce of malntalnlng Independent decSsSon maklng whlch Impacts related partles as listed further In th15 document. Regardlng staff appointments and remuneratlon declslons. no single party has overall declslon-maklng capabllltles wlthln the recrultment processes. Oursalaried roles are advertlsed, wlth salary detslls Included. Salary changes are applled to Indlvlduals dependent on role and responslbSllty changes or applled to the organ15atlon as a whole through the Church budget setting and vote process. Our remuneratlon pollcy offers more detall on thls. Wlder networks and connectlons Ivy networks wldely wlth many churches and charltles relatlonally and mlssionally rather than formally or theologically. As such these frlends on the same mlsslon do not exerclse overslght or contfol lor seek tol. Examples of these are Chrlstians Agaln5t Poverty ICAPI and Westmlnster Theolo8lcal Centre {wrci Whe￿ we host local expresslons of those organlsations as Ivy mlnlstries, Ivy Is a member of the Evangellcal Alllance of Great Brltsin as we find we can ascrlbe to thelr doctrinal basis and such membershlp helpfully places us publlcly withln the malnstream of hlstoric blblical Christlanity in bellef and practice. l Manchester Umlied Re ort of the Trustees for the Year Ended 31 March 2025 Rlsk managemenl The trustees have a duty to Identlfy and review the risk5 to which the charity is exposed and to ensurp approprlate controls are In place to provlde reasonable assurance against fraud and error. We have flnanclal and governan￿ safeguards In place to manage r15ks In those areas, Including the way our Board is structured (with no one person havlnB sIEnificant control). our Conflltt of Interest policy> our pollcy on financSal rese￿e5 (where our savings are spread across dlfferent accounts) and a rlsk regLster. Major risks have been reviewed and SY5tem5 or procedures have been established to manage those rlsks. OBJEcfivES AND ACTIVITIE5 Alms and purpDSèI The overall aim of Ivy thurth Is to advance the Chrlstian faith by prodalmlng the gospel of Jesu5 Chrlst for the beneflt of the church and the publlc In Manchester, the Unlted Klngdom, and the rest of the world. Oblectlves and 4ctlvltle$ Ivy alms to be a supernatural communlty, centered on Jesus. The mlsslon of Ivy church Is Knowing. Growlng, Golng. Knowlng God throu%h savlng falth In HIS Son Jesus Chrlst; Growlng In maturlty and Ilfestyles of obedlence to God as revealed In the Holy 81ble; Golng Into all the world to Indlscrlmlnately love, serve and help people flnd thelr way back to God. We provlde a wlde ran8e of accesslble pro8rams, classes, actlvltle5 lincludlng church servlcesl and opportunltles for people to Discuver the love of God, be Dellvered from bondages that hold thgm captive so they may Devote themselves wholeheartedly In Ilfestyles'..of worshlp, Develop thelr God 8iven glfts and Deploy them for hSs glory and the Bood of our nelghbours. We measure thSs through publlc steps of commltment such as prayerful commltments, baptlsms, course attendance, growth In generoslty through glfts. tlthes and offerlngs. prayer meetlng5, 5etvlce opportunltles. small group attendance, local, clty and world m15slonal activitles and soclal beneflt through sport, debt counsellln& hospltallty to refu8ee and asylum seekers and safe haven spaces such as the Sensory 5pa¢e. We teach publlcly the scrlptural truth that everything we have ¢omes from God and we are aceountable stewards. We alm to model this personally as Chrlstlans and corpoTately as a church not only by wlse Investment but also by extravagant generoslty. We follow the prlnclple of tlthlng IO% of our Income speclflcally to m15slonal work to spread the gospel of Jesus Chrlst, one of the maln oblects of the charlty, whether through torporate partners such as The Message Trust In Manchester or In helplng to fund church member5 who are mlsslonarles overseas or In the UK, Slmllarly, we glve away IO% of the annual Flrst Frults offerlng early In the year to SUPPOrt mlnlstrles or projecrs at home or abroad. Future plans The world contlnues to be polarlsed, demorallsed and desperate for hope. The message of Jesus Chrlst seems more relevant than ever and our urgency for the gospel and the fervency of our prayer must only Increase. We contlnue to alm at belng a hlgh Impact church - maklng dlsclples. maturlng leader5 and maklng a great dlfference to meet needs locally and globallv. The two sltes we own are mlsslonal hubs equipping and wnnectlng people and both contlnue to draw new people In to hear and respond to the good news, The Didsbury slte refurbishment makes It even better to offer welcome and hospitality. Looklng ahead, we are determlned to go deeper In prayer, further In love. and stronger in falth. Wlth more and rnore people bein8 drawn Into the Ilfe of the chur¢h, we want to emphaslse the blessings and benefits of belonging In membership of a supernatural communlty that's all about Jesus. Manchester Umlted Re rt of the Trustees for the Year Ended al Mar¢h 2025 Publ1¢ beneflt The trustees confirm that they have, when and where necessary to do so, pald regard to the Charity Comrnlssioner's Guldance on Publlc Benefltwhen conslderlng and maknng its decisions. Attivities undertaken to furtherthecharity's purposes for the publlc benefit are shown n the Revlew of Achlevements and Performance section of this report. REVIEW OF ACHIEVEMENTS AND PERFORMANCE FOR THE YEAR Achlevements and perfomiance- the year In numbers: Ovei 135 guests at Ivy Gold afternoon teas OveT 78,000 webslte page vlews (Over I5.5c￿ dlfferent users} Over 280 bookings at Ivy Buds every month land there are always walk Ins) 20 Debt Free CAP Cllents lacwuntln8 for 47 famlly member5 now Ilving In a debt-free home) £1.7 mllllon debt repaid or written off through the Ivy CAP Debt Centre In the past 10 years. 7 people were baptlsed 19 people completed Freedom In Chrlst 9 Ignlte ni8hts 2 Ignlte Encounter nlght 10 Ivy Centrals 2 Week5 of Prayer and Fastlng 8 Worshlp Leader gatherlng 2 Worshlp and Tech team 12 Devote team gatherings 3 Tech trolnlng se551ons 30 Mornlng prayer zooms 6 WTC Graduates 3 Grow Group leader evenlngs 8 people completed the Speaker's Collecttve 2 Reglonal l Day LAUNCH Gatherlngs and 3 On The Road Local Gatherlngs 300+ Knowlng Growlng Golng course watched- many more booklets gl¥en out and used 2 new M1551on partner5, countless tlmes gospel shaied, responded to and dlsclples made 20 Mlsslon24 partlclpants Over 100 famllSes came to the Grotto and Natlvlty Trall 52 klds at the Ll8ht Party 64 kids came to Backpackers Over 270 Sensory Space booklngs 32 Youth went to Limitless Festival 67 Youth at the Annual Flfework5 56 Youth at the Christmas celebratlon 47 youth on the Cefn Lea weekend away Flrst Frults 2024 total = £92,014 9 Young Adults gatherlngs 36 men completed the"Man you were made to be" course 164 women attended the'wlld and Free. conference 16 Ivy Basketball sesslons 6 Book Club sesslons 36 Prayer Gatherlngs l Manchester Llmlted Re ort of the Trustees for the Year Ended 31 March 2025 REVIEW OF ACHIEVEMENTS AND PERFORMANCE FOR THE YEAR ICONT'D) 12 Refugee dlnners Summer Eveht5- Slmply Cyclin& Community Sunday. Coffee and Cake, Campfires and Conversation 4 Ivy@Work Zooms 4 Ivy Women's Hikes 5 ARC Leadershlp mornlngs 34 people attended the "After the Flood. screenlng 13 men completed Northumberland XCC event In Marth Dlscover Our goal Is to answer the qLFestlon 'How do we dlscovef people that don't know Jesus and help them ftnd thelr way back to God?, Here are just a few examples of how we've tackled that. Iws relatlonshlp wlth Mlsslon24 and evangelist Jonath?n Conrathe has contlnued to 8row. We've had impact trainin8 days for Elders and staff. Jonathan preachlng at and the School of Mlsslon and Mln15try Startlng up through Mlsslon24 wlth 20 students undertaking evangellsm and outreach tralning to take the v151on of re?¢hln8 the lost to a whole new level In our Supernatural Communlty that's all about Je5U51 We have a150 focused at Easter and chrlstmas on spreadlng the good news of Jesus. wlth both a Good Frlday servlce and Carols In the street5 shlrlng the 8ood news and glvlng out 81ft bags to passers-by, encouraglng them to read a John's Gospel, and go through the Knowlng, GrowlnBI Golng book whllst dolng so. We have glven out over 250 bags and trust that God has planted seeds Into those Indlvlduals and thelr famllles. 'Ladybrid8e Connect contlnues to connett with members of the commurytty that thelr polnt of need across a varlety of area5. We want to Lelebrate the whole team of pald staff and volunteers that faithfully 5erveeach week. We also want to thank and celebrate the Ladybrldge Connect LSmlted board of Dlrectors for all they do. Ladybrldge Connert The Ivy Cafe has been open for 3 years and contlnues to have record numbers of customers, many of them regulars, allowlnB US to bulld relatlonships resulting In opportunltles to come alongslde, support and prayfor them. Notsbly, the funeral receptlon of a regular customer was held In the Brockbank Centre wlth the cafe staff caterlng and Serving. Several month513ter the famlly stlll comment on the amazlng team and how posltlve It was for them. Saturdays have seen the arrlvèl of a glrl's Junior football team uslng the cafe fadlltles after their games. Durlng weekend lacrosse club rnatthes and crlcket team fixtures, the cafe has been Instrumental In buSldln8 posltlve relatlonshlps wlth all the sports partnersi openlng the door for mlssional opportun(￿e$ and It's great new5 that some club members want to volunteer wlth the Ivy team. Wlth the Increaslng numbers and a regular footfall Df 100 + weekly, the cafe volunteers team has been stretshed, yet they always malntaln an ex￿lIent level of servlce, with tlme to smlle and Ilsten. The harvest Is plentlfvl. We want to see customers flndlng 8 relatlonshlp wlth Jesusl The Brockbank Centre and the Pavlllon are excellent communlty resources used by the stakeholders and the publSc. The Luke 4 prlnclple of good news to the poor. heallng for the slck. freedom for prlsoners and freelng the oppressed underpln5 how we use the premlses; consequently, the center has become a place of wellbelng where social, emotional* physlcal, splrltual, and psychologlcal needs are met. Around 150- 200 people attend some actlvlty on site or hire a room for a meetlng weekly. The excellent frddlltles and affordablllty of what we offer regularly prompts the que5tlon, ￿hY do you do it?" The response Is always, 'Jesus." As an example of how thls works, here are some of the thln8S that happen durlng the week: IK Buds, vulnerable adult5 SUPPOrt group. Stockport Psychotherapy team support group. Stockport Fostering Services support group, ADHD Nutrltlonal Support and Wellness, CDunsellln8 Services, Diabetes Aem155ion clinics, Downs Syndrome Manchester pre-school group, fltness and dance classes, First Aid course5, language courses. l Manchester Limited Re rt of the Trustees for the Year Ended 31 March 2025 REVIEW OF ACHIEVEMENTS AND PERFORMANCE FOR THE YEAR (CONfD) Dellver As part of Ivy's mlsslon. Dellver equlps bellevers Ipartlojlarly new one5) to embrace the freedom found in Chrlst. truly experlenclng the Ilfe-changlng power of the gospel and thelr Inheritance as chlldren of God. Jesus enables us to Ilve as new creatlons, unburdèned by the palns, Staln5. and chalns of the past. Through the Freedom in Christ course, we have provlded practlcal tools for bellevers to know thelr Identity In Chrlst and deal with past hurts and current struBgles. These se5sion5 have helped many to unshackle from what held them back and walk in abundant life and we are grateful for the team that ran the course. many of whom stepped up after completing the flrst course themselves. Some Ivy members attended excellent prayer tralnlng sesslons run by Blshop Graham Dow and some stsff had tralnlng In dellverance mlnlstry via the Glasgow Prophetlc Alllance. Our staff team, Includin8 Anthony and the elders, have offered support to people needing prayeri guldance, dellverance or heallng from past wounds both for Indlviduals and couples and Ivy Care has continued to offer a listenlng seNlce. Thls year, we have heard many testlmonles of Ilves transformed stories of healin& restoratlon, and newfound purpose. CAP The best way to celebrate the 20 Debt Free CAP Cllents In 2024 are In peoples, own words so here are a few quote5: "I'm over the moon and In teors of rellef, thank you $0 mu¢hfor¢omlng Into my Ilfe.. Thls womt7n and herson are nowgolng to thelr local church and are so grateful to Ivyfor all the help andsUPPOrt. 'Thanks to Ivy Church I hove so much hope agoin. sIn￿ Covld my wlfr and our 6 klds hove struggled b¢7dly but now we are debt ftsel what o perfect staternentfor o chuffh thatfvllows the true Lord, who made all thlno5 new when he dledfvr u5. 1 would recommend Ivy ChurchfvrsUPPOrt of the communlty 1000 tlmes over. Thank5 agaln." "I want to thonk you and the C4P Teomfor all the help ond now l am debtAree. It Is a mosslve welqht off my shoulders. Thank youAor all the proyets t7ndbeing with me every5tep ojthe woy." We are so thankful for the number of famlly members now Ilvln8 Sn a debt-free home and for the scale of the debt that has been repald or wrltten off throu8h the work of our Debt Centre. Devoto Building communlty amongst the teams has been an Important part ofourgrowth, supportlng and encouragln8 one another, The worshlp leaders have met monthlyto have convetsatlon and learn through each other. as well asthe ehanee to ask questlons and to thlnk through solutlons, We've also met as a worship and tech team throughout the year. With new people JoinSng the team, It's been Important to get to know one another better and bulld confldence In what we do. Our Devote team member5 have dedlcated themselves to a vlslon refresh and prayer for the churth once a year but we also meet once month In person. and once a month where posslble on Zoom to pray. The monthly Ignlte nlghts are central to Devote at ltry glvlng tlme and Space dedlcated to God alone. We've had the joy and prlvilege of having 2 weeks of prayer and fastlng this year and 2 Ignlte Encounter nlghts. Thls Is becomlng a regular dlsclpllne for the church as a whole because we know the power that comes from God when we dedicate ourselves to Himl Our prayer Is that everythlng we do In Devote wlll encouraBe the church to Spend tlme wlth God together as a church, but a150 In thelr personal Ilves every day. Manchester Llmlted Re ort of the Trustees for the Year Ended 31 Marth 2025 REVIEW OF ACHIEVEMENTS AND PERFORMANCE FOR THE YEAR ICONT'D) Develop 2024 saw us contlnue to meet regularly wlth Grow Group Leaders. Each tlme Included opportunltles to share, dlsCUSs and to cheer one another on. They've also been tlme5 to equlp our leaders to help them as they lead church members, They were brilllant evenlngs of conneetlon and care for one another, wlth stories of God at work in members, lives as Grow Group5 prayed for one another. It's been hugely encoura8ing. We've a150 had new leaders step into the role which Is amazlng. Each one of our Grow Group leaders are wonderful and we are so very thankful lor them. We completed the 3 step Speakers Collectlve Course wlth 8 of our church members taklng part and heard some of those members taklng part In services over the year. Each of us has a volce for HIM. so don't be afraid to use It. We were also sad to say goodbye to Loulse Yuill who stepped down from the staff team In December 2024. We are veTy 8fdteful for all that Loulse contrlbuted to Ivy across her years On the staff team and we look forward to her contlnulng at church. alongside her famllyi In the years to come. WTC We have had a wonderful year In the Manthe5ter wrc TheoloAy Hub. So much has happened,. many e55ays wrltten, falth bulltj prayers prayed, relatlonshlp5 for8ed and falthful deep dlves Into the depths of God. The Hub condnues to be a place of growth, worshlp, dlscusslon. faith and frlendshlp. We saw 6 students graduate thls year and welcomed 10 new students. There are 20 followers of Jesus that Ivy Is champSoning to get In the dust of the Rabbl and deepen thelr understandlng of G¢)d, comin8 from Manchester, Llverpool and Chester. Ben Blackwell has tsken over the wrc Prlnclpal role from Lucy Pepplatt, and we ha￿8 great tlme welcomlng hlm to Manchester in July to share wlth us. It was a fabulous opportunlty for hlrn to meet some of the alumnl. but also be able to thare hls heart around our understandlng of the Klngdom of God wlth the Ivy church famllv. Here are a few reflectlons from students at the end of last academlc year: ran5formatlonul- l om belng tronsjorme The hub Is thefull package.. acodeml¢ splrltual, postorol, communlty. 'Its been a pl¢yce of redlscoverlng my5elf- reset ondrelounch, 'The communltyhas olwgys been o reluge, a sofrplace In thestorrn5 Of Ilfr. Its been reolfyspeclal, reallyunlque. Where else do you get th15P' Deploy Imaglne mapplng every relatlon5hip and interactlon of Ivy members across the clty and the world, then picture sharlng somethlng of jesus In each of these. Steve Small, our Deploy Team Leader, had a vlslon of Ivy as worker bees d15per5ed acro55 the clty - not carrySng pollen, but Ilght into a dark clty, startlng new hlves and colonles of falth. Over 2024, 50 many shared Jesus In extraoTdlnary ways, uslng resources Ilke Knowlng Growlng Goln& applylng too15 from Dlsclpleshlp Pathway Tralnlng, and reachlng new people, Church members served throu8h Ivy inltlatlves such as the Café. Buds, refugee dlnners. Svy Gold, as well as events Ilke Ivy Klds events and more. Through these. people have encountered Jesus and begun their dis¢ipleshlp loumeys, indudlng Rlchard. Harry and others who were bap￿Sed thls year. We contlnue to support and pray for our Mlssion Partners, who Inspire and spur us on 0$ they follow their calls. both here and overseas, Thls year, we welcomed new Mlsslon Partners. including Hope Lebedyn, vthich meets practlcal needs and shares Jesus In East Ukralne. and Hope for Justice, a Man¢hester-based charlty flghting modern slavery and human trafflcklng. There are unprecedented numbèrs of dlsp13ced people worldwlde and many refugee5 in Manchester. Some were housed locally. from different countrles and dlfferent falths, with some Christian5 finding their way to Ivy on a Sunday. The hotel refugees had Ilmlted resources and were not allowed to work. They were safe but bored durlnE the often protracted application process to galn the rlght to remaln. l Manchester Ilmlted Re ort of the Trustees for Ihe Year Ended 31 March 2025 REVIEW OF ACHIEVEMENTS AND PERFORMANCE FOR THE YEAR ICONfD) The hotel was meant to be temporary, yet Some, parttcularly 51ngle men, Spent many months there, with little or control over when or where they were moved. Though It has not been pos51ble to keep In touch wlth many of the people we met, we were called to be a blesslng whlle they were on a lourney, seed 50wer5 helping them to feel welcomed and be seen, heard and valued In our cornmunlty,. to know that there are people who care about thelr stories and thelr needs and to see that Chrlstians offer hospitallty uncondltionally in a culturally sensltlve way. A ¢hur¢h member was In a posltlon to Invlte refugee5 to monthly meals and sodal contsct wlth local people at Ivy through thelr profe5slonal role. All who came appreciated being invited to meet us, have a change of scene, to be able to tell thelr storles and practlce Engllsh, to have some dlfferent food and, for the children, to play games and have some fun. Some of the team have occaslonalty tsken refu8ees out for coffee or vlslts to the clty centre,, one couple hosted English lessons in thelr house,. one refugee volunteered at Iwy cafe and some of the Chrlstlan refugees Jolned Ivy Grow Groups. A huge thank you to the team who provlded all of thls support. LAUNCH In the face of storles and statlstlcs of the decllnlng church In the west. we belleve Iwy Is called to brlng hope and encouragement to other churches as an Apostollc Resource Centre IARCI. We have gathered wlth others to equlp. traln and launth dlsclples who make dlsclples Into the world to do the work of the Klngdom. LAUNCH, now Inlts 8th year, Is Integral to the vlsion of belng an ARC as leaders connect, collaborate and cry out for klngdom Impact In our reglon, our natlon and beyond. LAUNCH North Imanchesterl'and South18uckin8hamshire) 2024 gathered hUnd￿'d5 of leaders for 'Fforn Survival to Revival, one-dav events In partnership /sponsorshlp with major or8anisatlons includin8 Llvin8 On The Edge, Compassion UK, Mission24 and Pioneer Network. In addltlon, after the success of multlplylng LAUNCH In 2023, we pSoThee￿d a8aln thls year wlth 'LAUNCH On The Road, whereby Anthonv Delaney and Emma Jeffery travelled to varlous reglons to resource and support local leaders. In Devon, Essex and Wigan, helplng them to develop ap05tollc hubs where God has placed them. 2025 has already seen LAUNCH grow further with two two-day8atherings in June, North and South. with a focus on 'High Impact Church,: Maklng Dlsclples-multlplylng Leaders-meetlng Deepest Local Needs. We are partnerlng agaln wlth LSvlng On The Edge as well as Stelger and The Send to explore how we can reach and release Gen Z Into God's dreams and thelr destlny. Klds This year has been an excitlng and frultful season for Ivy Klds as we continue to 8row and thrive In OUT mlsslon to nurture young hearts In the love and power of Jesus. A key highli8ht has been welcoming a number of new famllles Joining on Sundays. It's been a joy to get to know them and build friendships as we disciple our children in their faith. The much-antlclpated return of the Backpackers summer hollday club was another slgnlficant moment. With vlbrant actlvltle5. engaglng Blble storles, and an atmosphere of fun and frlendshlp. It brought together knds from our church. thelr frlends. and others In our wlder communlty. This, alon8side our yearly Grotto and Nativity Trail have been significant events in our mission to reach the families In our wider cornmunlty with the Gospel and the love of Jesusl Sundays have been dynamic and transformative, with a strong focus on bein8 supernatural follower5 of Jesus. Through 81ble toachingi Interactlve dlscussSons, and practlcal examples, the chlldren have been learning just how amazlng our God Isl We've explored scrlptures that deepen under5tandlng of how God speaks to U5 and reveal the power of HIS presence v￿rkIng In and through u5. Thls year has truly been a Season of growth, both in numbets and in splritual depth, We look forward to seelng how God contlnues to move In the Ilves of our chlldren and fdmilies In the comlnB year. l Manchester Limlted Re ort of the Trustees for ihe Year Ended 31 March 2025 REVIEW OF ACHIEVEMENTS AND PÉRFORMANCE FOR THE YEAR {cop4fD) Ivy Buds ¢ontlnues to fill each sesslon, wlth chlldren and thelr carers enjo￿￿8 the time together, We would love to add more team, to develop these relatlonshlps and share the love of Jesus further. The Sensory Space Is a blessing to those who use It. wlth regular repeat booklngs and a wlder number of people uslng and l¢)vlng thls amazlng space. All thls could not be done without the wonderful servant-hearted team we havel Ivy Klds team has grown thls year wlth new members and all have given themselves wholeheartedly to the minlstry. We are very thankful for each and every one of them. Let's contlnue to pray blg prayers for our Ivy Klds and the team, tr115tlng In our powerful and falthful Godl Youth Thls year has been a transformatlve one a5 we Implemented a new structure, spllttlng our youth Eatherlngs Into three dlstlnct age groups. Thls ha5 allowed us to tallor our approach to meet the unlque needs of each group. The Year 6-8 slot ha5 become a vibrant space for vounger youth to brlng thelr frlends and begln building foundatlonal strLSCtures In thelr falth. These early years are plvotal, and we've seen si8nlflcant growth as they start to explore what it means to follow Jesus. For our Year 9-11 and Year 12-13 groups, we've taken a deeper dlve into disclpleshlp, rethinklng what It means to truly be an apprentlce of jesus, a5 Insplred by John Mark Comer's resources. Our focus has 5hlfted from slmply creatlng churchgoers to developlng fully commltted apprentSces who actlvely live out thelr falth. Thls Intentlonal emphasls on dlsclpleshlp has borne frult, as slx young people boldly declared thelr falth through baptlsm thls year, a moment of Immense celebratlon for our church famlly. The summer wa5 marked by our annual trlp to the Llmltle5s Fe5tlval, a vmk of worshlp, teachln& and fellowshlp and a powerful tlme of splrltual renewal and unlty. Many of our youth returned wlth a renewed pèsslon for jesu5. To c105e out 2024, we braved stom Darragh and took 47 youth to Cefn Lea for an unforgettable weekend away. The foujs was on four 5plrltual disclpllnes, wlth moments of encounterlng Jesus, building Ilfelong frlendshlps, and, of course, enloylng some classic youth mlnlstry fun, Indudlng our slgnature mldnlght ravel We are fllled wlth gratltude for all God has done In and throughyouth. From seelng falth take root In our youngest members to wltnesslng older students deepen theirdlsclpleshlp, we are excSted to see howGod wlll contlnue to shape thls next generatlon. We remaln commltted to creatlng envlronments where young people encounter Jesus, 6row as HIS apprendces. and are equlpped to Ilve out thelr falth In thelr schools, famllies, and communStles. None of thls would have been posslble wlthout the Incredlble dedlcatlon and servant-heartedness of our youth mlnlstry team who have poured out thelr tlme, energy. and love to dlsciple, mentor, and walk alongslde our young people. Thelr unwaverlng commltment ha5 been a vltal part of everythlng we've ac¢ompllshed and we are deeply grateful for thelr passlon* perseverance, and falthfulness. We look forward to contlnulng thls loumey together as we Invest In ralsind up the next generatlon of Jesus-followers. Trustee Summary Thls past year has been filled wlth opportunltles and challenges that God has used to shape us as a supernatural communlty centred on Jesus. We have learned together from some splrltually rlch and tlmely teachlng serles that have kept us focused on that promlse from Romans 12 a5 we surrender to God, Ilve falthfully separdted from the world, servlng In love. At the start of 2024. we gathered on an Elder5 retreatto pray and set our leadership fows fortransformatlon. The year brought transltlons within our team. In June we welcomed Kate Allsup. whose energy and vision have been a ble55in8 to the team. We also welcomed Martin Austin In March whose 5trateglc glfts will posltSvely impact the team. However. in September we sald goodbye to Joyce Gbeleyl as she moved to Nlgerla, thanklng God for all she contributed. As a church famlly, we have so much to celebrate we cannot capture It all herel We glve thanks for 5 years at Ladybrldge Connect,. the vltal min15try of the CAP Debt Centre, which has seen £1.7 mllllon of debt cleared. brlnglng hope and freedom to approximately 140 households over the last decade and our First Frults offerlng. the powerful example of sacrificial givin81 reflectlng hearts surrendered to God's kingdom, allowing us to sow seeds and enable ministries to do great thing5. Manchester Llmlted Re ort of the Trustee5 for the Year Ended 31 March 2025 REVIEW OF ACHIEVEMENTS AND PERFORMAPICE FOR THE YEAR {COhrr'DI We celebrated a number of events and courses. Including After the Flood, part of our ongolng'A5 It15 In Heaven, conversatlon,. the Mlsslon 24 School of Mlnlstry. 3 Ivy Gold Gatherlngs to enrich and inspire our older member5. fosterlng connertion and splrltual growth,. powerful encounter tlmes In servlces and at Ivy Central but also as Ignlte. Flow. Wild and Free, and our weeks of ptayer and Fasting and "The Man You Were Made To Be. course whlch brought men together to learn how to follow Jesus closer than ever. Though we Can't posslbly mention everything In detsll h￿e, we want to Say thank you to those who hwe led groups and actlvltles, includlng basketball, Ivy@Work sessions and mentorln& prayer meetings. Ivy Young Adults, Time to Dan￿. Women'5 Hlke5, Book Club and Bud8et Ilke a Boss. You have used your glfts and been a blesslng to manyl Our heartfelt thanks goe5 to Anthony Delaney and all the staff team whDse hard work, creatlvlty, and reslllence have carrled us through seasons of change, growth, transltlon and transformatlon. Sadly V￿'ve sald goodbye to Aidan Moss and Loulse Yulll, but we were thrilled to welcome Matt Donaldson aboard and were exclted that Slmon Geddes lolned the team In the New Yearl And to everyone Sn the Ivy famlly, we are so grateful. Whether they lolned or served on a team, worked In the café, Invlted Someone to a servlcei prayed for someone, led a group, ca￿d for someone In need, started somethlng new, or made a new dlsclplè- thelr falthfulness to Ivy has been Invaluable. your labour for the Lord Is never In valn" and we thank God for youl FINANCIAL REVIEW Durlng the 2024125 financlal year, total Incomlng resources for the group were £953,09212024: £958,976) of whlch £790,95212024.' £792,047) were voluntsry donatlons, grants and thelr èssodated glft-aid. Thls represents a fall In voluntary Sncome of 0.1%. Expendlture for the group was £919,872 {2024: £982,W51 resulting In a net surplus for the year* prior to galns on Intrestment property, of E33,22012024: deflclt of £23,029), A galn on the revaluatlon of Investment property In the year of £47012024: £22,560) means an overall surplus In the group In 2024125 of £33,69012024.. Overall defiot of £469), We have worked hard to malntaln runnlng c05t expendlture relatlve to our voluntary Income and contlnue to do so. The trustees conslder free reserves to represent net Ilqu5d or quasl-llquld funds that are avallable to the group In the short term to meet Ilabllltles as they fall due. At the balance sheet date, the group's reserves were £3,446,05512024.. £3,412,365), of whlch free reserves were £356,46912024: £305,013). Free reserves are deflned as belng funds that are readlly available and not rellant on flxed assets, wlth no speclflc deslgnatlon or restrl¢tlon. Restrlcted reserves at the balance sheet date conslst malnly of Launth fund5 and the carrylng value of equlpment relatlng to our Sensory Space Inltlatlve at the Brockbank Centre, the cost of whlch was grant funded. In addltlon, restricted reserves contaln funds relatlng to CAP, Weekend Away and sensory Space donatlons. DeslBnated reserves relate to funds recelved from the Flrst Fiuits offe￿ng. Prlnclpal lundlng sources As a Chrlstlan church, we wll contlnue to teath and alm to r￿de1 blbllcal ￿SdoM In the area of flnance to grow mature Chrlstlan5 who dellBht In generoslty, love God, and trust the church to forward hls plans In many ways. Our principal fundlng comes dlrectly from our church members, fully utlllsing the Glft Ald tsx relief scheme where p055ible. Our flnanclal Investments are made Into hlgh Interest ylelding accounts and we have expanded our Investment portfollo to further ut1115e the Improved Interest rates available on the market. Where posslble, we also utilise the security of the FSCS to mlnlmlse rlsk. The group does not ¢arry out any slgnificant fundralslng activitles unless for a specific prolecL l Manchester Ilmited Re ort of the Trustees for the Year Ended 31 March 2025 Reserves Pollcy and golng concern The purpose of the resefves pollcy Is to smooth out any 5hort-term variatlons In fundlng and expenditure to ensure that the charlty Is able to fulfil It5 obJectlves wlthout Interruptlon. Under normal drcumstances the trustee5 consider It approprlate to hold free reserves of between one and three months of typlcal "operating. expenditure. For the flnancial year endin6 March 2026, the average monthly operatlng expendlturels bud8eted to be £60,900 per month. This then requlres the charity to malntaln free reserves of between £60,9CIJ and £182,700. We are In the process of revlewin8 the loan of £118.692 made from ￿ Manchester Umlted to Ladybridge Connect Llmited which was arranged to provide funds for the completlon of the redevelopment of the Cheadle Hulme slte in 2019. Whlle the reviÈw Is ongolng, the current proposal {sublect to agreement wlth the LCL Dlrectorsl is to wrlte off 51YA of the loan and seek repayment of the balance over a perlod of 20 years whlch we belleve to be affordable. although tradlng has been more challenElng at the slte In 2025 compared to last year In term5 of room booklngs and café turnover. The Trustees have conSide￿d the current financlal posltton of the charlty, Including current and predicted cash flow, our current reserves and the fact that we have no debt, We are sati5fled that the charity has sufflclent resources to continue Its actlvltles for the year ahead, and that It Is a golng concern. We are not aware of any materlal uncertalntles whlth could affect thls a5se55ment. Trustees The Trustees of Ivy Manchester Ltd durlng the flnandal year Aprll 2024 to March 2025 were: Anthony Delaney (Senlor Pastor) Andrew Skae Isecretaryl Joyce Gbeleyl Ireslgned 31st Au8USt 2024) Mlchelle Bucknor Julla Scott Phlllp Booth Katharlne Dean Allsup (appointed 8th May 20241 Martln Austin lappolnted 19th Marth 20251 The Dlrectors of Ladybrldge Connect Ltd durlng the financlal year Aprll 2024 to March 2025 were: Kelth Nelson Ann Ball Duncan Woodward Duncan Armstrong Rlchard InBle Trustees, Indemnlty arrnngements Indlvldual Indemnltles have been provtded to the Trustees, under whlch the charltable company ha5 agreed to Indemnlfy the Trustees to the fullest extent permltted by law in respect of all Ilabilities to thlrd parties arislng out of, or In connectlon wlth, thelr executlon of their powers, dutles and responslblll￿eS as Trustees of the group. li l Manthesler Llmlied Re ort of the Truslees for the Year Ended 31 March 2025 STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees IwhD are a150 the dlrectors of Ivy Manchester Umlted for the purpose5 of company lawl are responslble for preparlng the Report of the Trustees and the flnancial statements In accordance with applkable lawand Unlted Kln8dom Accountlng Standard51Unlted Klngdom Generally AC￿pted Accountln% Practice). Company law requlres the trustees to prepare financial statements for each financial year which Bive a true and fair view of the state of affalrs of the charltable company and of the incoming resources and applicatlon of resources, including the Inwme and expendlture, of the ¢harltable company for that poriod. In preparlng those flnanclal statements. the trustee5 are required to: select sultable accounting poll¢les and then apply them conslstentty,. observe the methods and prlnclples In the Charlty SORP; make judgements and estimates that are reasonable and prudenL' prepare the flnan¢lal statements on the going concern basis unless It Is Inapproprlate to presume that the charitable company wlll contlnue In buslness. The trusteès are responslble for kèeplng proper accountlng records whlch dlsdose wlth reasonable accuracy at any tlme the flnanclal posltlon of the Charltable ¢ompany and to enable them to ensure that the flnanclal ststements comply wlth the Companles Act 2006, They are also responslble for safeguardlng the assets of the charltsble company and hence for taklng reasonable steps forthe prevention and detectlon of fraud and other Irre8ularities. STATEMENT AS TO DisaosuRE OF INFORMATION TO AUDITORS So far as the trustees are aware, there Is no relevant Information (as deflned by Sertlon 418 of the Companles Act 2006) of whlch the charltable company's audltors are unaware, and each trustee has tsken all the steps that they ought to have taken as a trustee'ln order to make them aware of any audlt Informatlon and to establlsh that the charltable company's audltors are aware of that Informatlon, AUDITORS The audltors, Harts Chartered Accountants, wlll be proposed for re-appolntment at the forthcomlng Annual General Meetlng. Thls report has been prepared In accordance wlth the5peclal provlslonsof Part 15 of the Companles Att 2006 relatlng to small companles. ON BEHALF OF THE BOARD Mr. A J Skae lTrusteel Date- 14th October 2025 12 ort of the Inde Iv endent AuditOTs of the Members of Manchester Limited Oplnlon We have audlted the flnanclal statements of Ivy Manchester Llmited Ithe'parent charitable cornpany, or the'charlty'l and Its subsldlaries Itogether the 'group') for the year ended 31 March 2025 whlch comprise the consolldated Statement of Flnandal Activities, the consolidated group and charity Balance Sheet. the consolldated group and charlty Cash Flow Statement, and notes to the financlal statement5, Including a summary of slgnlficant accountlng polldes. The flnancial reportlng framework that has been applled In thelr preparatlon Is appllcable law and Unlted Klngdom Accounting Standards (Unlted Kingdom Generally Accepted Accountlng Practlcel. In our opinion, the flnancial ststements: glve a true and fair vlew of the state of the charitable gn)up's and parent charltable companvs affalrs as of 31 March 2025 and of the group'5 Intoming resources and appllcatlon of resources. Includlng Its income and expendlture, for the year then ended; have been properly prepared in accordance with Unlted Klngdom Generally Accepted Accountlng Pract1￿. and have been prepared In accordan￿ wlth the requirements of the Companles Act 2006. Basls for oplnlon We conducted our audlt In accordance wlth Internatlonal Standards on Audltlng {UKI (ISA5 IUKII and appllcable law. Our responslbllltles underthose standards are further descrlbed In the Audltors respon51bllltles for the audlt of the flnanclal statements 5ectlon of our rcport. We are Independent of the charltable group In accordance wlth the ethlcal requlrements that are relevant to our audlt of the financlal Statements In the UK. Includlng the FRC'S Ethlcal Standard, ènd we have fulfllled our other ethlcal responslbllltles In accordance wlth these requlrements, We believe that the audlt evldence we have obtsined Is sufflclent and approprlate to provlde a basls for our oplnlon. Concluslons relatlng to golng wn¢ern In auditlng the financlal statements, we have conduded that the trustees, use of the golng concern basls of accountlng In the preparatlon of the flnanclal statements Is approprlate. Based on the work we have performed, we have not Identlfled any materlal un￿rtaIntleS relatlngto events or conditlons that, Indlvldually or collectlvely, may cast doubt on the group and parent charliable company's ablllty to contlnue a5 a Bolng concem for a perlod of at least twelve months from when the flnanclal statements are authorlsed for issue. Our responslbllltles and the responslbllltles of the trustees wlth rèspect to golng concern are descrlbed In the relevant sectlons of thls report, other Informatlon The trustee5 are ￿SpOnSIble forthe other Infomatlon. The other Infomiadon comprlses the Informatlon Included In the trustees, annual report, other than the flnanclal statements and our Report of the Independent Audltors thereon. Our oplnion on the flnanclal statements does not cover the other Informatlon and we do not express any form of assurance ￿nclUSIon thereon. In connertlon wlth our audlt of the financlal statements, our responslblllty Is to read the other Informatlon and. In doln8 50 conslder whether the other Informatlon Is materlally Inconslstent wlth the flnanclal statements. or our knowled8e obtalned In the audlt or otherwlse appears to be materlally misstated. If we Identify such material inconslstencles or apparent materlal misstaternents, we are requlred to determine whether thls gives rise to a material misstatement In the financlal 5taternents themselves. If, based on the work we have performed, we conclude that there Is a material misstatement of thls other Information. we are requlred to report that fact. We have nothlng to report In thls regard. Oplnlon on other matters prescrlbed bytht Companles Act 2006 In our oplnlon, based on the work undertaken in the course of the audlt: the Informatlon glven In the Report of the Trustees for the financlal year for vthlch the flnanclal statements are prepared Is conslstent with the financlal statements.. and the Report of the Trustees ha5 been prepared In accordan￿ wlth appllcable legal requlrements. 13 Re ort of the Inde endent Audltors of the Members of Manchester Llmited Matters on whlch we are requlred to report by excoptlon. In the li8ht of the knowledge and understandlng of the charitsble group and parent charltable company and Its envlronment obtalned In the course of the audlt. we have not identified material mi55tstements in the Report of the Trustees, We have nothlng to report In respect of the following matters where the Companles Att 2CK16 requlre5 US to report to you If, In our oplnlon., adequate accounting records have not been kept or returns adequate for our audlt have not been recelved from branches not vlslted by u5; or the parent charltable company's flnancial statements are not In aBreement with the accountlng records and returns; or rtaln d15closures of trustees, remuneration speclfled by law are not made, or we have not recelved all the Informat5on and explanatlon5 we requlre for our audlL or the trustees We￿ not entltled to prepare flnandal statements Sn accordance wlth the small companles, reglme and take advantage of the small companled exemption from the requlrement to prepare a Strate8lc Report or In preparing the Report of the Trustees. Responslbllltles of trustees As explalned more fully In the Statement of Trustees ResponslbllltSe5 Set out on page eleven, the trustees (who are also the dlrectors of the parent charltable company for the purposes of company law) are responslble for the preparatlon of the flnanclal statements In accordance wlth the appllcable flnanclal reportlng framework and for belng satlsfied that they Blve a true and falr vlew, and for such InteTnal control as the trustees determlne Is necessary to enable the preparatlon of flnanclal statements that are free from materlal mSsstatement, whether due to fraud or error. In preparlng the flnandal statements, the trustees are responslble for assesslng the group's and parent charltable company's abllity to contlnue as a Bolng concern, as well as dlsclosln8, as appllcable, mètters related to golng concern and using the golng concern basis of accountlng unless the trLFStees elther Intend to Ilquldate the group or parent charltsble company or to cease operatlons, or have no reallstlc alternatlve but to do 50, Audltors, re$ponslbllSiles for the audlt of the flnanclal staternents Our obJectlves are to obtaln reasonable a55urance about whether the flnanclal ststements as a whole are free from materlal mlsstatement, whether due to fraud or error, and to Issue a Report of the Independent Audltor5 that Include5 our opinion. Reasonable assurance Is a hlgh level of assurance but Is not a guèrantee that an audlt condutted In accordance wlth ISAS IUKI wlll always detect a materlal mlsstatement when It exlsts. Mlsstatements can aTlse fiom fraud or error and are consldered materlal If, Indlvldually or In the aggregate, they could reasonably be expected to Influence the economlc dedslons of users taken on the basls of these flnanclal statements. Irregularltles, InclLtdlng fraud, are Instances of nonHcompliance wlth laws and regulatlons. We deslgn procedures In Ilne with our responslbllltles, outllned above, to detect material misstatements in respect of Irregularltles, Includlng fraud. The prlmary responsibillty for the preventlon and detectlon of non-compliance with laws and regulatlons, Includlng fraud, rests wlth both those charged with governance of the entlty and management. The extent to whlch our procedures are capable of detertlng Irregularltles, Includlng fraud, Is detalled below: We galned an understandlng of the leBal and fegulatory framework applicable to the Charltable group, Industry. and the envlronment In whlch It operatès, and consldered the risk of acts by the Charitable group that were contrary to these law5 and re8ulations, Includlng fravd. We evaluated management's Incentlve5 and opportunlties for fraudulent manipulation of the finandal statements Ilncluding the rlsk of an overrlde of controls) and determlned that the prlndpal rlsks were related to income recognltlon. We also determlned that there Is a rlsk of Inapproprlatejournal entrles belng included. Approprlate procedures performed by the engagement.team Induded- Identlfylng and testlng journal entries, in particular anyjournal entrles posted wlth unusual account comblnatlons.. and Challenging the assumptions and judgements made by management In thelr slgnlflcant accounting estimate5: and ReviewinE the mlnutes of meetlngs of the Board of TrusteeslDirectors,' and Dlscussions wlth management, Includlng conslderation of known or SLE5perted instances of non-compllance with laws and regulations and fraud; and Performing analytical procedures to identify any unusual or unexpected relatlonships that may Indleate risks of materlal misstatement due to fraud. 14 Re ort ol the Inde endent Audltors of the Members of Manchester Llmlted Audltors, responslbllltles for the audlt of the flnanclal statements (cont'd) There are Inherent Ilmitations In the audit procedures described above. The further removed non-compliance wlth laws and re8ulations Is from the events and transactions reflected In the financial statements, the less likely we are to become aware of it. Auditin8 Standards also Ilmlt the audit procedures requlred to Identlfy non-compllance with laws and regulations to enquiry of the trustees and other management and the Inspectlon of regulatory and legal correspondence, if any. The risk of not detectlng a materlal mlsstatement due to fraud Is hlgher than the rlsk of not detecting one resulting from error, as fraud may involve dellberate concealment by* for example, forgery, Intentlonal mlsrepresentatlon or through colluslon. Based on th15 Ltnderstandlng. we deslgned our audit procedure5 to Identify non-compliance with such laws and regulatlons that could materlally impact the flnanclal statements. A further descrlptlon of our responslbllltles for the audltof the flnandal statements Is located on the Flnanclal Reporting Councll's website at www frc.org.uklaudltorsresponslbllitles. Thls descrlptlon forms part of our Report of the Independent Audltor's. Use ofour report Thls repDrt Is made 501elyto the charltsble company's members, as a bodyi In attordance wlth Chapter 3 of Part 16 of the Companles Art 2006. Our audit work ha5 been undertaken so that we rni8ht State to the charitable company's members those matters we are requlred to state to them In a Report of the Independent Audltors and for no other purpose. To the fullest extent permltted by law, we do not accept or assume respon51blllty to anyone other than the charltable company and the charltable company'5 members as a body, for our audlt work for this report, or for the opinlons we have formed. Mells5a Bowers FCC4 Isenlor Statutory Audltorl For and on behalf of Harts Llmlted Chartered Accountants and Statutory Audltors Westminster House, 10 Westmlnster Road Ma¢clesfleld Cheshlre SKIO IBX 15 l Manthester LIMlted nwmber.. 071094041 5tstemqntsof Fknandal Actl￿tIeS con501idaled I and lor ihe Year E 31 Uhrestslthd B¢51rlcted Funds Fund5 Yotsl Fund5 2025 Total Funds 2024 Notes Incomèlrom: DonatlDn$ 756.944 34008 790,9S2 792,047 Charltable Actlwltle5 23,031 25.956 70.878 OtherTradlng Actlvltlej 88.540 80.613 Investment Income 24.613 24￿13 15,438 Toi41 Incom¢ 59.964 9S8.976 Expèndlttsre on.. Rg1$5n8 Funds: TradlThg and othercosts 131935 130.935 137,985 Chawltable acllvkl LThurch operatln8 expenses 698.625 9).312 788.937 844P20 Totsl expendlture 9,560 90.112 919,872 G*lns on Investment property 16 470 470 22,$60 N•tlncom• Il•xp•ndliur•l 54038 0,3481 14691 Tran5farn ba￿￿eThI￿ndS 144801 20.4BO Net rnovement In funds 43.5 19.868) 33,690 14691 RECONCILIATION OF FUNDS Total fund? brgu8ht forward 3.a80.a21 32,044 3,412034 Total fuNlstarrfd forward 3423,879 24176 3,44lQ55 3AI1365 All results retate tocontlnulng oper4UoNs Hnd there are nogaln5 and1055es olher than thosÈshown above. The notes partof thesÈFlnanclal thtemen 16 Manchester L stered nurn 07109404 Con5011dat t*E nttShÈet ed 31 Mareh 2025 2025 GTOUP 20ZS Charlty 2024 chèrlty Group FIXEO ASSETS T4nglble assets Investment propertv 020.671 494030 1163.381 493.030 3,091.18B 492.560 190,264 492,560 4514701 2.654414 3,S83.748 2,682,824 CURRENfASSETS Stock Debtors Cash at bankand In hand 1,222 73,567 588,>12 1,846 31.920 52&ts49 17 187A51 526M6 145.184 48L028 663.101 713,537 $61,815 626212 CREDITORS Amount$ fallln8 duewltNn one yeor 18 74.059 46M2 56.274 29,738 NeTCURRENT A55ETS 589.042 666.915 505,$41 596N74 TOTAL AsseTS LESS CUPRENT LIABILITIES 4.101..743 3,32aA29 4.1)89,289 3,279,198 CREDITORS Amounts falllne due In rnOTe than oneyoar 656088 676,924 TOTAL NET A55Ers 3046.05S 321319 3,412,365 3,279,298 FUNDS OF THE CIIARITY Unrestrlcted lund5: General Oe518nated 21 3.IBI.354 240,5 3,(*0,628 240,525 3.In,859 207,462 3,039,792 207,462 Re5trlcted fundi 176 21176 32,044 32,044 3￿46￿5 9.323.329 3,412,365 3,279,298 The flnanCI￿ stalements have been prepared acityan8 vAth the spedal pl￿1¢￿$01parl 15 vftheCompanle5Art 2LIJ6 relatlng tD$m#ll tharttable companle& The flnanclal statementswern apptoved bythe B￿r￿ 01Truste¢5 14th October 2￿25 arKI wweslgned on It5 behalf bw. Mr. AJ Skae (Twsteel Ilev. A Delaney frru5teel Thprtotesforni part ol these ststements 17 Manchester Llmlted 07109404 talementof Cas FI1￿5* n501dated 5tatementsof Cash F foi the Year En ed31Ma 20Z5 ZOZ5 tharSty 2024 6rD 2024 Chartty Cash used In opqiatlng actlvltles 57.530 41325 46.405 44,982 Cash flows from lthvestlni artlvlll JichasÈ of ¢an8lble flxed assets Interest Irom Investrnents 1.8801 24,613 121,880) 24.611 14531 15.438 14531 15,438 Cash us*d In Inve5tln8 actlvliles 1733 14,985 14,985 Increa5• In ¢ash and cash equl¥alents In the yÈar 60,263 45,OSB 61,3 59,967 Cash and cash eqvlvalentsat the be8lnnln8 of theyear 528m9 481,028 466,659 421,061 Total taih and (ash equlvalents •1 tha and ol the year 26 588.312 526,086 528,049 481,028 The notes lorm ￿0fthese ffvwithl statements Manchester Llmlted Re istered number: 07109404 Notes to the Financlal Statements for the Year Ended 31 Marth 20Z5 i. ststutory Informatlon Ivy Manchester Limited is a private charltable company. Ilmlted bYEuarantee, reglstered In England and Wales. The charitable company's registered number and reglstered office can be found on the Report of the Trustees, Ivy Manchester knmited meets the deff nition of publlc benefit entity under FRS 102. The pre5entatlon currency for the finanaal statemerbts Is Pound Sterling 1£) and the Ilnanclal statements are rounded to the nearest £1. 2. Accounilng pollcles B8sls of preparntlon The flnanclal statements have been prepared In accordanc2 wlth Flnanclal Reportlng Standard 102 Yhe Flnanclal Reportlng Standard appllcable In the UK and Republlc of Ireland. the Companles Act 2￿6 and the Charlttes SORP IFRS 1021 'Accountlng and Reportlng by Charities: Statement of Recommended Practi￿. issued In October 2019. Assets and Ilabllltles are inlts'ally recognlsed at hlstorlcèl cost or transactÈon value, unless otherw15e stated In the relevant accountlng pollcv. Preparetlon of the a¢wunts on the golng concern b9515 The trustees have revlewed the clrcumstances of the charltable group and conslder that adequate resources continue to be avallable to fund the acyvlties of the Church. and of LadybrldEe Connect Llmlted, for the foreseeable future. The tTUStees are of the oplnlon, therefore, that no materlal uncertalnties relattng to golng concern exlst and It remalns approprlate to prepare the consolldated accounts on a golng concern basls. Group Ilnenclal statements The flnanclal statements consolldate the results of the ¢harlty and L3dybrld8e Connect Umited on the basis that Ivy M?nchester Limited Controls Ladybridge Connect Llmltèd by virtue of holdlng a majority of the company's voting rlghts. The flnanclal statements have been consolldated on a Ilne-by-llne basls. A separate Statement of Flnandal Acilvltles and Income and Expendlture account for the charlty has not been presented because the charlty ha5 tsken advantage of the exemptlon afforded by sectlon 408 of the Compznles Act 2006. Crltlcal a¢counrfn8 Judgement$ and key sources of estlmailon uncèrtalnty In the appllcadon of the accounttng policles. Trustees are required to make Judgement esttmates and assumptions about the carryln8 value of assets and Ilabllltles that are not readlly apparent from other sources. The estimates and underlying assumpdons are based on h15torlcal experlence and other factors that are consldered to be relevant. Actual results may dlffer from these estimates. The esilmates and a55umptlons are revlewed on an ongoln8 ba515. Revlslons to accOun￿n8 estimates are recognlsed In the perlod In whlth the estlmate Is rev15ed If the revlslon affects only that per5od, or in the perlod of the revlslon and future perlods If the revlslon afferted ojrrent and future perlods. In determlnlng the fair value of Investment property Induded In these financlal statements, the trustees appointed an Independent professlonal surveyor to provlde an expert oplnlon. The market value of the property Is estlmated by the expert after Inspethng the propertvi reviewlng comparative hlstorlcal market data, and maklng a serles of assumptlons. Income All Incoming resources are Included on the Statement of Flnandal Artivities when the Efoup 15 legally entttled to the Income and the amount can be quantlfled with reasonable accuiacv. Government grants recelved are recognlsed on a receivable basls. Non-government grants relating to capltal assets are recognlsed as Income over the expected useful Ilfe of the asset. Investment Income comprlses of Interest and rents re￿Nable. l Manchester Llmlted stered number. 07109404 Notes to the Flnanclal Statements for the Year Ended 31 March 2025 Expendlture ExpendSture Is atcounted for on an accruals basFs and has been classlfled under headlngs that aggregate all costs related to the category. Where costs cannot be dlrectly attrlbuted to headlnEs, they have been allocated to actlvltles on a basls conslstent wlth the use of resources. Expenditure Includes any VAT which cannot be recovered. Costs of ra5slng funds relates to the expendlture of the subsldlary undertaklnB. charitable activities relate to expendlture Incurred In the furtherance of the charltable objettlves. Support Costs are those functions that asslst the work of the tharlty but do not dlrectly undertake charitable actlvltles, Support costs Include website. cleanlng, computer costs, lease of equlpment, bank charges and subscriptions. The Costs for employlng support staff are Included In staff costs wlthln note 8 to the flnandal statements. Govèrnante costs Governance costs comprise all costs Involvlng the publlc ?ccountabillty of the charity and its compllance wlth regulatlon and good practlce. Volunteers The value of servlces provlded by volunteersls not Incorporated Into these flnanclal statements. Further detalls of the contrlbutlon made by volunteers can be found In the Trusteeg Annual Report. Tanglble flxed assets Donated freehold land and bulldlngs a￿ Inltlolly recognlsed at falr value and depreclated on a stral8ht-Ilne basls over thelr estlmpted useful lives. Indivldual flxed assets COStlng £1,000 or more are capltalised at cost and depreclated on a stralght-llne bas15 over the estimated useful Ilves as folloblis: Freehold land and bulldlngs Leasehold land and property Fixtures and titknn8S Plant and machlnery PA Equlpment and computers - 50 year5 . 10. 20, 50 and 125 years 5 years S years - 3 and 5 years Impalrment revlews are Carrled out when therels sorne Indicatlon that the carrylng amount of a functlonal flxed asset15 below Its net book value. Investment property Investment properties are valued at Intervals not ex¢eedln8 three years on an open market exlsting use basls sublect to current occupatlon and tenancie5 in place at that tlme by an approprlately quallfied professlonal. In the intervening years, the Trustees value Investment propertles by reference to market reports and government Indlces. The Statement of Flnancial Actlvitles Indudes the net galns and losses arlsln8 on revaluatlons throughout the year. Stock Stock15 valued at the lower of cost and net reallsable value. Debtors Trade and other debtor are recognlsed at the settlement èmount due after ary trade dlscount offered. Prepayments are valued at the amount prepald net of any trade dlscounts due. Concesslonary loans Concesslonary loans are made wholly or in part to advan￿ charltable purposes for the beneflt of a charlty's beneficiaries. Amounts repayable on demand and are recognised inStially at the amount pald or recelved, wlth the carryinE amount adjusted in subsequent years to reflect repayments, any accrued interest and adjusted if necessary for any impairment. Conce5sionaiy loan debtors are recognlsed between current and non-current assets wlth referen￿ to the expetted timlng of the recalling of the debt by the lender. Conce55ionary loan credltors are recognised between current and non-current liabllltles wlth reference to the shortest possible date of recoupment by the lender. 20 l Manchester Umlted Re Istered number: 07109404 Notes to the Flnancial Statements for the Year Ended 31 l¥larch 2025 Cash at bank and In hand Cash at bank and In hand Include5 cash and short term hlghly Ilquld Investments wlth a short maturlty of four months or less from the date of acqu151tlon or opening of the deposlt or slmllar account. Credltors and provlslons Credltors and provSs5ons are recogn15ed where the charity has a present obllgation resulmng from a past event th8t will probably result in the transfer of fund5 to a third party and the amount due to settle the obllgatton can be measured or estimated reliably. Credltors and provlslons are recognised at thelr settlement amount after allowing for any trade discounts due. Deferred Income relates to conference contrlbutiDns and grants recefved durlng the year vthEch relate to future perlods. Flnanclal Instr￿ments Baslc flnancial Instruments are Inldally measured at transa¢tlon prke and subsequently measured at amortksed cost, wlth the exceptlon of Investments and cash at bank whl¢h are held at falr value. Finanaal assets held at amortised cost comprise trade and other debtors and finan¢lal liabllities held at arnortlsed cost comprlse trade and other credltors, except taxation and social securlty. Operatlng leasps Rentals pald under operatlng leases are charged to the Statement of Flnanclal Actlvltles on a 5tralght-Ilne basls over the perlod of the lease. Taxatlon As a reBlstered charlty, the chèrltab5e company benefits from rates rellef and Is generally exempt from Income T8& Corporatlon Tax and Capital Galns Tax, but not Valued Added Tax. Pen51ons The charlty operates deflned contrIbu￿On penslon stheme5. Contrlbutlons payable to the charlvs pen￿on scheme are charged to the Statement of Flnanc5al Actlvldes In the perlod to whlch they relate. Fund accountlng Unyestrlcted funds are those funds for use at the dtscretlon of the trustees In furtherance of the 8eneral objecttve of the charlty. Deslgnated funds are unrestrlcted funds earmarked by the wlder leadershlp team for a partlcular purpose. Restrlcted funds are subjected to restrlctions on thelr expenditure Imposed by the donor or through the terms of the appeal. It Is the pollcy of the charlty for any tax reclalmed on all types of glft ald payments to be retalned by the charfly and placed In unre5trlcted funds, unless oth&rwlse speclftcally requested by the donor. Company Stalus l¥y Manchester Llmlted 15 a company Ilmlted by guarantee. The members of the company are the trustees. In the event of the chartty belng wound Upi the Ilablllty In respect of the 8uarantee Is Ilmlted to £1 per member of the charlty. 3. Donatlons Unrestrlcted Funds Restrlcted Furtds Total Funds Total 2024 Gifts and offerln8s Grants received Tax rèfunds 605,284 23,764 127,896 34,008 639,292 23,764 127,896 643.170 23,300 125,577 756,944 34,008 7￿.952 792,047 21 l Manthester U d nuthr 07109404 stothe FIDanclal Statements or the Year Ertded 31 Subsldlarycompany ruults 2024 Turnover Other Incm 117.647 JIIN90 107. 36347 Total Irtcome 156.197 143,512 OpEraMni Costs Depredatlon {108.1gai 14Y,637) 1108,6631 145,8481 Toi41 Expehdltum 115l8YOI IIS4,5111 Prollvllossl lor the year 110.9991 Ivy Manchester Umlttd owns lo￿ of the5hare capttal kn Ladybwldgeconnert Llmlted w￿h lsa company re8ls¢ered In ED8l•nd and Wales undermrnpany number I1￿>8712. Iv¥ Man¢h￿ter Llmlt¢d conlrol$ ladybrldge ConnEd Lkn4ted byvlrtueo10wnl￿ the majorlty of the company's¥otln8 rf8hts. The company mènè8e$ ind hlres out sports fa¢llltt•s run5 and the tradlr8 re5dts fortheyearare set out abovi. The ie5ultsol the5ubsldlarycompanyare Included In these fknwdal statements. Tumwrol E29,10712024'. E26,4531, Café manager costs or É20,89512024.. É16.S261 and y4ThVdM•ifon In¢ome 01£14,64612024.. £14,646) are ellmlnat•d on consolldètlon. L4d¥brld8e Connert Ilmlteds F¢8lstered om¢ets thesame •sthat of IvyManthest•rtlrnlied At Ihe315t M4rrh 2025 the auregate¥mowrt ollNsc0nwrfsasse￿ Ilabintses and reser¥esw zozs 2024 Flxed as$ets 857.287 900.925 Currint •sstt$ Credltors; amounts fallllw due wlthlth G4156 153.761 54,293 159,874 185.5051 1105,5811 Credltors: amounts lallln8 due aftermore than oneye¥ I856,1￿) Capttal & Reserves 1SSA491 16U,756} 22 Ma*£hestèrLhMlted 15teied number: 07109404 otestothe Fl eyear Ended31 Marth 20 awl¢abl• qrtivltles Unrestrlcted Funds Restrkt•d Funds Yotal 2025 Total 2024 Conferenre Inrorne Other 2&956 ZS.956 23,031 53,986 16.892 2J,031 25,956 48,987 70,878 OtherTtsdlnK Unrestrlcled Funds fteslrlctsd Futtds Total 2015 Total 2024 calé sales Room hlre & s¢rt4 th418•S 549S6 35.204 53,336 35.204 I8,3￿] 32,223 8&540 BJ.540 80,61> 7. Inv•stfflent Ihwme Unrestri¢thd Funds R•strl¢t•d Fund# Tot•l 2024 Dep051t acmunt Interest Rental Income 14,91B ghys 14.938 9,675 6,813 625 24.613 15,438 23 Manchester Llmlted um 07109404 e Nnanclal statements lorthe Year Ji 2015 staff costs Unttstrld¢d Funds RÈstElcted Funds r<>tal ID15 Total 2D24 Gross $alarlÈs Soclal securltv Empbyer penslon 5,254 ZQ.484 31,171 337.360 2D.484 JL171 345,113 25.602 27,644 356￿9 32.106 389.015 398,359 There were no employee5 ￿th employee bfftfiislexdudlng em￿Oyerpen5lon and S￿111 se¢urltycontrlbutlonsl 01 £60,1￿0 or mtsrÈ In theyear12024.' none). The average nurnberof eryloyeesw3sa510110 2024 PastoralTeam Chlldren's worker5 AdmIn￿tratIO￿Tearn li io 19 In addltlon to these employ••s, m•nyvolunte¢rs who worsP4p at the clvJrth donate aBreai •Mo￿t oltlme to Iw¥ Manchest Llmlied.Thevalueolthlstlrne ￿1MpOS￿bIt to rellert In theseflnonclal statements The Key Manaqemtht P•Tsonnel of the charlty. and ol the 8foupi 80 1581 I,SB4 12,404 7,986 74,835 3.622 3,438 1.127 11,697 8P88 104258 104,391 Mlnthester Lhnl d RÈ r 07109404 tothe rill Statements tha Year Ended 31 Marth 2025 11. Govorn8no (osts All ¥￿trIcted funds 2025 2025 chiTIty 2024 6ro 2024 (tharfty Audiior% remuneiauon.. AudltfeÈs Audlior's remuneratlon.. audlt 5wvlces 6,201 3,765 7,155 5.177 7,155 3,525 11.0 11432 10.680 12. Twstees, r¢mwn¢rntlort•ndeMp¢nses EmplO￿r Nl EMpkn￿r Penslon Tthal 2025 Total 2024 Salary Rov.Anthony Delaney 58.574 81B 5.200 70MZ 70,503 The Senlor Post¢r, Rev. Anthony Delaney, ts r*￿¥Ther￿ted In •¢¢ordathce wlth ¢h•rlt•bl¢ wmp•nrfs memorandum and Arllcles of A5sts¢1ailan and hls ¢onir¥tt olempknymenr lorwork doneon behalf of thethurth. Two Irusteesl2024:threel were r•knbur5ed £1,50712024: £1,972) fortravel & thurch acdvltyexpense5durfng theyear. The number ol trvstee$to whom retlfem¢nt beneffts were ¥crulngwas as foll 2025 2024 Money purthasesthemes 13, Results of the Ehirflible comp¥ny A$ permittéd bystdlon 408 of the CompanlÉs Art 2006, ihÉ parerf ¢onwanrfs Ir*ome•fid Exptndlture Attt￿nI has not been IrKluded In these flnoncl315tateffleTht. Theparent cornpanvs surplu5 forihe Ilnandal year. Indudlrogaln5 on the revaluatlon of flxed assets of É47012024,, £22,$601. was É44,03112024.. £25,176). 26 Ma￿h r Ltm5ted er: 0710Y404 Not8$to I ort earE Ihanclal Stateme 2025 14. Comparatlves fwthe St•ttm*htotFltt*thtlal ALtl¥ltlos l¥wEndlry 31 March Z0241 Unrestrkted Fund& Re&tdded Funds lotal Funds Income frgm: Donatlons 733.034 591113 792J)47 CharltableAdlvltles 16,892 53.9B6 70078 other TrndlJ5B Acllvltles So￿15 80.613 Investment Income 15A38 15,438 Ttstal Income 84S,977 112,999 958,976 Expendlture on,. 113lsln8 Funds: Yrad5Tr8 and oihercosts 137.985 137,985 Chirltable actlvltles Churth operatlng exp8nses 717￿81 126,339 844,020 Total expendlture 855,666 126.339 Y81005 Galns orb Irbve5tme#t propertv 560 22,560 Net Income IU71 1469) Transfers bet￿en lunds 1149951 18.995 N•t movem¢nt In fundj 16,1241 5,655 14691 RECONCILIATION OF FUNDS Total funds broutht forward 3.386,445 26.389 3.412,834 Tot81 funds carrled forward 3W.321 32,(Y4 3.411365 27 15tared numbor.. 07109404 Notesio the Fknandal StatemÈ rch 201 IS. TangIb￿ Ilxed assets Freehold Land and Property le35ehoEd land and ProP￿ty Plant OT PA Equlpment Flxlures Mathlnery •nd computers and flttlnBS Group Yothl COST: At 1st Aprll 2024 Addltlons 959.SOZ 2.253,307 24.095 161,857 2972 8.641 18.909 J.587.102 21.880 959.502 2253.307 164,829 207,549 3￿09,281 DEPRECIAllaN At 1st Aprll 2024 C￿rge for year 89.tss 20W9 97398 32A66 14A56 4,819 195.147 12,059 159.748 12,154 496.214 92A97 its,064 129.864 15.275 147.506 18LgQ2 588,611 NET BOOK VALue At 31 March 2025 B49N18 1123M3 17.JZJ Z5.647 3,020,6n At 31 March 2024 8N337 1155.909 9,639 26A 24893 3,09LI88 28 r ilmlted Istered b r:07109404 Note5 Fknandal Statements ear 15. Tan8lble flKed as58ts {conVdl Freehold •Thl PAEqulpmeTht Flxfvres Property and toThputers and flttlny Charlty Total COST: At 1st Aprll 2024 Addltlons I253,307 161.857 1971 84.513 18,908 1499.677 ZI,8BD 2,153,307 103.421 2.521,S57 OEPRECIATION At 15tAprll 2024 Char6e forytai 97A98 32A66 13SM46 12.059 74569 4.235 3UgA13 48.760 At 31 March 2025 129A64 I47.￿5 358.173 NETBOOKVALUE At 31 March 2025 &123A45 17A24 21617 2.16J.384 At 31 Marth 2024 I155.gJ9 26.411 1190,264 Included In Land and Propertylsthethurch bundln& resldentlal propertyand the IgThd onwhlth theyslt whlch were donated io thegroup In 2021 by Jrockbank Foundatksn Ltd, a now dlssolvÈd thartty whkhwas fe8lstered In Engl3Trd & W4les. Thevalue of the danallon wasvalued by Smlthers Purslow on an Investment Va￿￿ Iworthl baslsln January 2022 at f 2,43S,000. Durln8 the w5or year, one resldentlal PToperty197 8arlow Moor Road) wasredasslfied as lTrve5tm•)I property due to a thange of USÈ. SÈÈ [￿te 16 for turther det411s. Inve%lmeht Property 2025 Group 2025 Charlty 2024 fjroup 2024 Charlty Fèlr value asa¢ IAprll 2024 Falr value galn on revaluatlon 492.560 470 491560 47(1 470,000 21560 470.000 22,56D Falr val￿ as at 31 March 2025 493.030 492,560 49IS60 Due to a change ol u$e dursng the prknryear, a property197 B4rlpw Moor Road) wa5 reCIa￿￿ed as Investment pfoptyfrDm Land and Property. Thls woperty Is no lon8er used In the charlvs tswn a(tlvltles and Is letout on the Dpen mark￿. A foimal valuatlon of the property on a market valuebH51swa5 prepared byToru5 Chwtered5ur¥eyor5 In October 2023 who have recent eXp￿IenCe In the locatlon and type of propÈrty be1n8w￿Ued. Theproperty was valtsed at E470AIW. The trustees havocon51der the valuatlon of the propertyas at 31rt March 2024. 31st Marth 2025. and based on local prtsperty data for the perlod, have e*tIMat￿ thÈvalue at the balancesheet dateto be £a193A130. Manthestef Unthed Istered Thum￿￿. 07109404 r the YearEnded 31 March 2025 17. Oebtors., Amounts falNnKdue wlihln oneyeir 2025 Ikoup 2025 Charfty Z024 Gro 2024 Charlty Trade debtor5 Prepayment5 and acuued Incom• oiher debtois z.oiz 25.015 41.712 3056 9.784 18.280 1,675 7.$84 17,233 26.991 41.71Z 73567 68.759 51.920 26,492 Amounts fallln8 du¢ Iftei more th4n oneye•r Concessh)nary toan to group Underta￿09 118,691 118,692 I￿re8￿¢t •mounts n.S67 187.451 31.920 14S,IB4 Credltor5: Amounts lilllnq duewtthln one￿¥ 2025 Group 1025 [￿rIty 2024 Group 2024 charlty Accru415 ?nd deferred In¢om¢ Taxallon and so¢lal se¢urliv Other credltors Y1.152 2,919 li¥ 46,614 S6,286 29,750 1121 74,059 46,621 54274 29,738 Deleired 1nc0mewn￿Sts of £27,06J12O24.. E&1691 recefved In aoknnceof launch & WeekendAway whlch are taklni place In fulure perlods. Also Included In deferred Ir￿orne are capltal 8ranisvthlch areTeleased tothesktement of Flnanclal Adlvltles over the useful ecor￿MIe Ilfe of the 8ssets on whlch the 8Tèntwas spÈmt. Oeférred Incomo brought forward trom the pr￿louS year wès £705,713, lotome dÈfÈrred In the yEor f29,643 and dElerrEd Ihrome reko5ed to ¢he5tytement of FlnanE141 Acllvllle5 In theyearwa5 E26.789. 19. Credltors: Amounts lalllnrf due after one year 2025 rxo¥p 2QZ5 2024 Group 20Z4 Charlty Deferred grant Income 656M8 676,924 6S6.688 676,924 Manchester ilmlt sttred number O stothe Flnan Èm or 31 Marth 2014 19. Credltor$:Amtsumtsfallln8 due after one yearl£orf'dl Amounts fallln8 duè aftèr ffve years and not repay7ble by tn5t•knents: 2025 Charlty 2024 2024 Chèrlty fjroup Deferred grant Ihcorne 59Q617 606,915 590,617 606.915 20. Opvatlni lease commltm•nts ThetollovAnd tspÈratlng lease payments •retonw4lted to bep￿d by ihe youp.. 2025 2024 Wlthln one year 9￿*•n woand five years In morèthan flveyears 2.416 7,540 114,QINJ 6,IZ4 113.1)OD 111.540 123,956 Oper4tlDg lease piyrnentsreco8nlsed asan expen5eln th•y••r toulled £2.$8412024'. 15841. The followlnB operatln8 leB5e payments alé commltted to be paldbythe ¢h•rlty.' 202S 2024 withln oneyear 8eiween two and Ifveyears In more ¢haTh lfve years 1,416 2A24 1,116 3,S40 3.540 4.956 Operatlhg lease paymtr)ts re¢o8Dlsed asan expertse Intheyeartotalled £IA1612024: 1.5841. i*dybrld8e Connect Llmlted ha53 leasÈ wlth Sto¢kport gorowh Councll for the land at 14dyW(*e Sport and 5oclal aub fgr £IODJ per year utll thÈ 05IAovnM3. 31 l ManchÈster Lkni i5tered number: 07109404 tes to the FIDandal Statements f the Y*arE ded 31 21. Movements In funds Group tstApill 2024 RevaluatlD Galns 3151 Mprth 2025 Inc•me ExpEhdture Trahsters Unrestrtcted funds: General fvnd Deslgnated funds J.172,859 207.461 781737 11fj391 1776.8061 1517541 470 3,183,J54 240.525 124.5741 3,380.321 894128 1819.$60) 120N801 470 3.421,879 Restrldtd fvnds 32.044 59.964 Y121 20080 22,176 3M12.365 9S9012 1919.871) 470 9,446,055 thailty tsi Aprw 2024 Revaluatlon Ga1Tr5 31st Mlltsh 2025 fome ENp•r4lltsti• Transl•r5 Unrestrlcted fvnd$', General fund Destqnèted lut)ds 3￿.791 207.462 691351 IIOJ91 1674,9791 152.7541 4.094 124.5741 470 3.060.628 240.525 >347.254 80L642 (n7,7331 120.4801 470 J.aOL15J He5trlcted funds 31044 $9,964 190.3121 20A80 21176 3,279,198 861.606 1818.0451 470 JAZY,52> Comparatlve net movement In funds Included In tho abov• •rÈ4s fdlows.. Gmup 1st Aprll 2023 Rthluatlon 6•lr4 31st March 2024 Intome Expendlture Yran5ters Unrestrlcled lund¥: Geneial fund Oesl8nated furtds 3.226.046 160.399 753.963 92N14 1815.8381 139,8281 I￿.871) 15,1231 11560 3.172,859 207.462 3?86.445 845977 1855.6661 118.995} 22.560 4380,321 Rt5trlcted fvnds 26,389 111,999 11263391 31044 3,412,834 95B976 1982PJ51 22,560 3.411365 32 l ManthesterUr(Atsd 71094 Notesto th•FtnancTalStatements 11. Movements In funds Itont'dl alartty 1st Aprll 2￿23 Revaluatlon Galns Ylst March 2024 11K￿e E4Jendltu Transfers Unre$trlcted lunds: General Fund DeslEnated funds 3.1167,334 IfA).399 668,076 91014 V04.3061 139.8281 113.8721 IS,1231 2I560 3.039,792 207,462 3.227.733 76OJ 1744.1341 1119951 ZL560 3,247,254 Restrlcted fvnds 26.389 112.999 1126.3391 18.995 52,044 3254,122 873I189 {870.4731 22,560 3,279,298 22. Analysls of iroup nel HsM¢s bIt￿è￿ lub￿% 11 March 2025 Toial Fund* Genernl D•sl&n&t•d R•stfkted Tan6lble ffxed assets.. Inveslrnent prope¥ty Cash at bankand In hand other nÈt current assetsllllabllltlesl Credltors of morethin oneyear 3.011.879 493,030 320.658 792 3.020,611 493P30 $88.112 730 1656.68BI 24Q515 27.129 111,7451 1656,6081 3.163.354 240￿25 22,176 3A46055 Cornp3ratfve analysls oliroup n•t 0$5ets funds 31 March 2024 Totil Funds General DeslgTroted Aedrklwl TaTr8lble flxed assets InveslmeThl propert¥ Cash ai baok and In hand other net current 3sselsllllabllllle51 Credltors of More than one yeor 3￿77.883 492,5F￿ 297,201 117.8611 676,9241 11305 3,091,188 492.560 528,049 1215081 1676.9241 23.386 14,6471 1172A59 207862 32,OM 3,412.365 33 Manthes Èi LlmliÈd Istered number.. 07109404 Not•5 tot ortheyear Ended 31 March 2D15 29, Related partytransZCtT(wks Tnlstte. Rw. Anthony DÈlanÉy. Is an efflploytrol Ivy M*hesterLknltedat)d recelved r*mutwatlon from the(ompany durlng theyear, BS set out ITr note 12 ￿T￿tte5, rernunefalkn and e¥pen5P5". Durlnl the year, the8roup employed a d05e larnllymember of tTU5tee Rev.Anthony f)elantylEmma Jelfreyl. EmploymEnt beneflts In the year, Indudln8 Empl¢yer penslofi and EmployerSrKkl Securlty contrlbullon5, totalllnE £13,75112024.. £29,141 rÈlatlni to two closÈ famllymembÈrsl. Duilnl the year. the aggre£aledonatlons from trustee5 and other related partle5wlth0￿ t0ndm￿nSw•s £45,377 11024.. E47,4691. Dulln8 Iheyear. Ivy Manchester Umlted eonlrfbuled É2,81K12024.. £3.2901 towards the ruTh￿￿K Costs of a propertywhlch It owns and Is occuplÈd byTrustee. Iltv. Anthony Delattey. Key Manèoemènt P•tsonnel employee ben•fits•i• dlsdosed In note 8. P¢nslon c•mmltm•hts The 8roup opeiaies dellned Contrfb￿I0n pÈnslon Schemes￿{￿ empknyees. The •ssetsol the scheffles are held sepaTatdy from those ol the Eroup In Independently adrnln151ered fund5. payablè lor theyeai are ch•r8ed to Ihe 5t•ternet)t ol Flnanclal Acil￿tle& The peThslon charBe Induded In the Statemtnt olfln4rKlal Atll¥ltles lor Iheyear was£31,17112024: £27,644). Therewere no pen51on commltments outslandlr¥ at thè •ndofthecurrerttor nn•nd•l yew. 2S. Reconclllatlon of net mo¥•ment 1nfund5tonet￿5h flowfrom operl￿ni 2025 Gro 1025 tharlty 2024 Group 2024 Chailty Nel movement In fvnds Revaluatlon of Investment property Oeprerlallon thHrge Interest from Investments Rents recelved Ilnueasel In sto(*$ 33Mo 14701 92A97 (14.9381 19,6751 614 44,031 {4701 48,760 114,938) 19,6751 14691 1225601 94,561 16.8131 18,6251 426 25,176 122.5601 48,713 16,8131 18 62S) Decrease/ Ilnereh5el In trade and other debtors {41.6461 14L266) 11.294 (Decfeasell Increase In trade and other credltor5 12A521 15,883 12L4091 1457 Nttt#sh In optmtlnyactfvltlès 57.530 41925 46A15 44,982 Manch•ster iirnited mber.. 07109404 Notes tothe financial S ea É ded 31 Marth 2025 26, Anatys15 of Cash and tash equlvalents 2025 Graup 2025 Iharlty 2024 2024 Charlty Cash at bank •nd ltt hand 588H12 526W6 528.019 48L028 $8&912 526m6 521049 481,028