Company Number: 07670837 Charity Number: 1144145 ## Didsbury Parsonage Trust Report and financial statements For the year ended 30 September 2024 Didsbury Parsonage Trust ## Reference and administrative information for the year ended 30 September 2024 **Company number** 07670837 **Charity number** 1144145 **Registered office and operational address** The Old Parsonage Stenner Lane Manchester M20 2RQ **Trustees** Trustees, who are also directors under company law, who served during the year and up to the date of this report were as follows: Tracey Pook Chair, April 2023 – May 2025 Alexander Carmichael Vice Chair, April 2023 – present Acting Chair, May 2025 - present Michael Corlett 2019 – present James Wilson 2014 – November 2023 Richard Kilpatrick 2023 - present Sue Good 2014 - present Teresa Regan 2018 - present **Bankers** HSBC Business Banking **Independent** Catherine Hall FCCA DChA, Slade & Cooper Limited **examiner** Beehive Mill, Jersey St, Manchester M4 6JG 1 ## Didsbury Parsonage Trust ## Trustees’ annual report ## for the year ended 30 September 2024 The trustees present their report and the unaudited financial statements for the year ended 30 September 2024. Included within the trustees’ report is the directors’ report as required by company law. Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102. ## **Objectives and activities** To further or benefit the residents of Didsbury and the surrounding area, without distinction of sex, sexual orientation, race or of political, religious or other opinions by associating together the said residents and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation leisure time occupation with the objective of improving the conditions of life for the residents. To establish or secure the establishment of a community centre and to maintain or manage or co-operate with any statutory authority in the maintenance and management of such a centre for activities promoted by the charity in furtherance of the above objects. To promote for the benefit of the public the preservation of the historic Didsbury Parsonage and its surroundings. The Trustees remain with the 5 key objectives to guide their ongoing stewardship of this historic building: a) To maintain the Old Parsonage and preserve its heritage in line with its agreement with the Council b) To raise awareness of the history and heritage of the building c) To provide opportunities for local artists to showcase their work d) To encourage, promote and support local charities, 'friends' groups and community groups e) To raise funds in order to support these other objectives ## _**Purposes and aims**_ The Trust signed a 22 year lease for the Parsonage in June 2012.There followed an intense 12 week building programme to completely renovate the building. The building was formally opened on September 7th 2012 by the Lord Mayor of Manchester, Councillor Elaine Boyce, after nearly £150,000 worth of renovations. This money was raised by a terrific effort by the local community and included a grant of £56,000 from the Lottery Heritage Fund and other grants from the Co-operative Society, Manchester Airport, Manchester City Council and United Utilities as well as donations from local companies. Nearly £60,000 was raised from individual donations from the community which reflects the interest and fondness that local people have for the building. The lease was renegotiated in 2018 for a further 40 years. The building is comprised of two floors. As well as three larger rooms on the ground floor there are several meeting rooms and four single offices for commercial rent on the first floor. All the rooms are available to local community not-for-profit organisations, but rooms are also available for commercial use on an ad-hoc daily basis. All these rooms can provide ideal facilities for meetings, presentations, films, exhibitions, debates, training sessions, language courses, exercise workouts and a multitude of community uses. The trust has, by bringing the Parsonage into use both provide the community a meeting place and preserve for future generations a key historic listed building in the centre of old Didsbury. 2 ## Didsbury Parsonage Trust ## Trustees’ annual report ## for the year ended 30 September 2024 The trustees review the aims, objectives and activities of the charity regularly during each year. This report looks at what the charity has achieved and the outcomes of its work in the reporting period. The trustees report the success of each key activity and the benefits the charity has brought to those groups of people that it is set up to help. The review also helps the trustees ensure the charity's aims, objectives and activities remains focused on its stated purposes. The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning its future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives that have been set. ## **Achievements and performance** The charity's main activities and who it tries to help are described below. All its charitable activities focus on local residents of Didsbury and the surrounding area and are undertaken to further The Didsbury Parsonage Trust’s charitable purposes for the public benefit. Our new Manager, Denise Oldfield has now settled in and is working within our new management structure. The aim is to now move the Didsbury Parsonage forwards, increasing turnover and extending the use of its services. With increased wedding numbers, wedding fayres, exhibitions, functions and extending the use of our existing services. Being housed in a listed building brings increased maintenance and associated costs such as decoration both internally and externally brought about by the buildings increased visitor traffic. The increased cost of utilities in energy and water affect us likewise. Also, during the 2024/2025 year saw increased costs for fire protection maintenance and the requirement of new fire extinguishers. The internal doors need upgrading and replacing with new fire-retardant ones offering the latest level of protection and regulation. There are now regular monthly staff meetings and the Trustees are meeting every 3 months, and during the Spring/Summer they will be every 2 months to provide regular updates, feedback and the monitoring of progress to date. We have focused on nurturing a healthy work environment and team building. We have also reinvented the tenant’s relationship, alongside those who hold regular meetings and groups, in which we are currently having a full consultation with, so they can provide their feedback and suggestions to improve the Didsbury Parsonage. We have also improved on recognising and following others preferences on Gender identity, sexual orientation and being an inclusive environment, being open to all religious and cultural backgrounds. We have reorganised and restructured since the passing of our long standing and only chairman Steven Parle and the after effects of Covid-19, and continuing to do so. ## **Beneficiaries of our services** a) Trustees have continued to maintain the Old Parsonage and preserve its heritage in line with the Trust’s agreement with the Council. The building is open 7 days a week, throughout the day, enabling free access to members of the public. The regularly changing gallery exhibitions combine with completely open access gardens to provide a popular local resource. b) Awareness of the history and heritage of the building is promoted through the annual Heritage Open Days. During this annual period in September of each year a special exhibition is open for the full month featuring aspects of local history. 3 ## Didsbury Parsonage Trust ## Trustees’ annual report ## for the year ended 30 September 2024 ## c) Opportq unities for local artists to showcase their work continue throughout the year with 3 gallery spaces that can be used separately or in combination. This is a popular local gallery, with a waiting list for exhibition space. Local artists are able to sell their work through the gallery, and commission on the sales provides additional income for the upkeep of the building. d) A number of local charities, 'friends' groups and community groups rent meeting rooms on a regular basis, enhancing the reputation of the building as a community hub, and bringing a wide variety of people through the doors. Regular meetings are held by health and wellbeing groups as well as local volunteers such as Didsbury Civic Society and Didsbury in Bloom. e) Fundraising events are designed to bring in the whole community, with particular highlights being the Summer Garden Party and the Christmas Fair. The latter in particular has developed to provide familyfriendly activities for families with very young children, to encourage future generations to develop a connection with the building. ## **Financial review** The Trust saw a decline in income during this reporting period, mainly through a decline in donations. This is considered to be likely due to a period of significant change for the Trust, including changes to the body of Trustees, a post COVID-19 lull, the cost-of-living crisis and changes in building management. At the same time, costs have continued to increase, including the already stated energy costs. The combination of a decline in income and the increase in costs has led to an in-year deficit of around £42,739. The Trust holds reserves of £99,286. After the end of this reporting period, trustees have continued reviewing and formalising internal financial monitoring systems. A sub-committee of trustees has been formed to set a budget, to review maintenance requirements, revenue price setting and saving opportunities. The work of this subcommittee will also include annual setting of the reserves policy. ## _**Reserves policy**_ The Trust requires reserves in order to bridge gaps between expenditure and income (cash flow) and to cover unplanned emergency repairs and other unforeseen expenditure. The nature of The Old Parsonage, being a Grade II listed building means that there still remains potential for significant repairs, which may be unforeseen. The Trustees aim to maintain sufficient reserves to enable ongoing maintenance as required. The current reserves figure is £99,286. ## **Structure, governance and management** The organisation is a charitable company limited by guarantee, incorporated on 15[th] June 2011 and registered as a charity on 5[th] October 2011. The company was established under a memorandum of association which established the objects and powers of the charitable company and is governed under its articles of association. Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity. All trustees give their time voluntarily and receive no benefits or expenses from the charity. 4 ## Didsbury Parsonage Trust ## Trustees’ annual report ## for the year ended 30 September 2024 Trustees are recruited from local residents with an aim to recruit from different sectors of the community and to ensure a diversity of age, gender, skills and community links. Prospective trustees are asked to provide a written CV and to undergo an interview with a quorum of the body of trustees followed by a vote. There are no external bodies with a right to appoint trustees. Importantly, we are aiming to be bigger, better and more financially orientated, and to increase our turnover during 2025 onwards. 5 ## Didsbury Parsonage Trust ## Trustees’ annual report ## for the year ended 30 September 2024 ## **Statement of responsibilities of the trustees** The trustees (who are also directors of The Didsbury Parsonage Trust for the purposes of company law) are responsible for preparing the trustees’ annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to: - Select suitable accounting policies and then apply them consistently - Observe the methods and principles in the Charities SORP - Make judgements and estimates that are reasonable and prudent - State whether applicable UK Accounting Standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements - Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report has been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime of the Companies Act 2006. The trustees’ annual report has been approved by the trustees on ___/___/2025 and signed on their 19 06 behalf by Mike Corlett Alexander Carmichael Trustee Deputy Chair of Trustees 6 ## Independent examiner’s report ## to the trustees of ## Didsbury Parsonage Trust I report to the charity trustees on my examination of the accounts of the company for the year ended 30 September 2024 which are set out on pages 8 to 23. ## **Responsibilities and basis of report** As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’). Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Catherine Hall FCCA DChA Slade & Cooper Limited Beehive Mill Jersey Street Manchester M4 6JG Date……………………. 7 Didsbury Parsonage Trust Statement of Financial Activities (including Income and Expenditure account) for the year ended 30 September 2024 Unrestricted funds Restricted funds Total funds 2024 Totèl funds 2023 Note Income from: Donations and legacies 2,248 2,248 3,558 Charitable artivities.. 77,343 77,343 65,821 other trading activities 875 875 Total income 80.466 80.466 69.379 Expenditure on: Raising funds 135 135 72 Charitable activities.. 123.070 123,070 115,816 Total expenditure 123,205 123,205 115,888 Net income/(expenditure) for the year (42,739) (42,739) (46,509) Transfer between funds Net movement in funds for the year (42,739) (42,739) (46,509) Reconciliation of funds Total funds brought forward 142,025 7,299 149,324 195,833 Total funds Carried forward 99,286 7,299 106,585 149,324 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing artivities. Didsbury Parsonage Trust Company number 07670837 Balance sheet as at 30 September 2024 Note 2024 2023 Fixed assets Tangible assets 13 70,593 80,191 Total fixed assets 70,593 80,191 Current assets Debtors Cash at bank and in hand 14 7,264 63.430 13,023 76.500 15 Total current assets 70,694 89,523 Liabilities Creditors= amounts falling due in le55 than one year 16 (34,702) (20,390) Net current assets 35,992 69,133 Net assets 106,585 149,324 The funds of the charity: Restricted income funds Unrestrirted income funds L7 7,299 99,286 7,299 142,025 18 Total charity funds 106.585 149.324 For the year in question, the company was entitled to exemption from an audit under section 477 of the Comoanies Act 2006 relatina to small comDanies. Directors, responsibilities: The members have not ￿qUired the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006, The directors acknowledge their responsibilities for complying with the requirements of the Act with respert to accounting records and the preparation of accounts. These accounts are prepared in accordance with the Special provisions of part 15 of the Companies Act 2006 relating to small companies and in accordance with FR5102 SORP. and constitute the annual accounts required by the Companies Art 2006 and are for circulation to members of the company. The notes on pages 11 to 23 form part of these accounts. Approved by the trustees on1J9 J06 2025 and signed on their behalf by.. Mike Corlett (Trustee) Didsbury Parsonage Trust Statement of Cash Flows for the year ending 30 September 2024 Note 2024 2023 Cash provided by/(used in) operating activities 21 (13,070) (36,902) Cash flows from investing activities.- Purchase of tangible fixed assets Cash provided by/(used in) investing activities Increase/(decrease) in cash and cash equivalents in the year {13,070) (36,902) Cash and cash equivalents at the beginning of the year 76,500 113,402 Cash and cash equivalents at the end of the year 63,430 76,500 io Didsbury Parsonage Trust Notes to the accounts for the year ended 30 September 2024 ## **1 Accounting policies** The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the preparation of the financial statements are as follows: ## **a Basis of preparation** The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), second edition - October 2019 (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006 and UK Generally Accepted Accounting Practice. Didsbury Parsonage Trust meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note. ## **b Preparation of the accounts on a going concern basis** The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern. The trustees have made no key judgments which have a significant effect on the accounts. The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next reporting period. ## **c Income** Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably. Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material. Income received in advance of a provision of a specified service is deferred until the criteria for income recognition are met. 11 Didsbury Parsonage Trust Notes to the accounts for the year ended 30 September 2024 (continued) d Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank. e Fund accounting Unrestricted funds are available to spend on activities that further any of the purposes of charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted fund5 are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projerts being undertaken by the charity. f Expenditure and irrecoverable VAT Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headinas: Costs of raising funds comprise the costs of goods sold and marketing costs. Expenditure on charitable artivities includes the costs undertaken to further the purposes of the charity and their associated support costs. Other expenditure represents those items not falling into any other heading. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. g Operating leases Operating leases are leases in which the title to the assets, and the risks and rewards of ownership, remain with the lessor. Rental charges are charged on a straight line basis over the term of the lease. h Tangible fixed assets Individual fixed assets are capitalised at cost and are depreciated over their estimated useful economic lives on a straight line basis as follows: Leasehold building Office fixtures and fittings Computer Equipment length of lease IOO/o 25% i Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. j Cash at bank and in hand Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 12 Didsbury Parsonage Trust Notes to the accounts for the year ended 30 September 2024 (continued) k Creditors and provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. l Financial instruments The charity only has financial assets and financial liabilities of a kind that qualify a5 basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loan5 which are subsequently measured at amortised cost using the effective interest method. m Pensions Employees of the charity are entitled to join a defined contribution 'money purchase, scheme. The charity's contribution is restricted to the contributions disclosed in note 9. There were outstanding contributions at the year end of £169 (2021: £117). The costs of the defined contribution scheme are included within support and governance costs and allocated to the funds of the charity using the methodology set out in note 9. Legal status of the charity The charity is a company limited by guarantee registered in England and Wales and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The registered office address is disclosed on paqe l. Income from donations and legacies Current reporting period Unrestricted Restricted Total 2024 Donations 2.248 2,248 Total 2,248 2,248 Previous reporting period Unrestricted Restricted Total 2023 Donations Membership Subscriptions 3.543 15 3,543 15 Total 3,558 3,558 13 Didsbury Parsonage Trust Notes to the accounts for the year ended 30 September 2024 (continued) Income from charitable artivities Current reporting period Unrestricted Restricted Total 2024 Fundraising Office Rental Room Hire Other Income 8,811 21,285 33,141 14,106 8,811 21,285 33,141 14,106 Total 77.343 77,343 Previous reporting period Unrestricted Restricted Total 2023 Fundraising Office Rental Room Hire Other Income 3,221 23,044 24,920 14,636 3,221 23,044 24,920 14,636 Total 65,821 65,821 Income from other trading activities 2024 2023 Coffee machine sales 875 875 All income from other trading activities is unrestricted. Cost of raising funds 2024 2023 Cost of good sold Marketing 71 64 72 135 72 All expenditure on cost of raising funds is un￿$tricted. 14 Didsbury Parsonage Trust Notes to the accounts for the year ended 30 September 2024 (continued) Analysis of expenditure on charitable activities Current reporting period Total 2024 Total 2023 Property Costs Staff Costs Depreciation other Costs Governance costs (see note 8) Support costs (see note 8) 38,926 64,611 9,598 7,893 32.305 54,343 9.823 17,400 2,042 1.945 123,070 115,816 2024 2023 Restricted expenditure Unrestrirted expenditure 123,070 115,816 123,070 115,816 Analysis of governance and support costs Current ￿PortIng period Basis of apportionment Support Governance Total 2024 Accountancy services Governance 2,042 2,042 2,042 2,042 Previous reporting period Basis of apportionment Support Governance Total 2023 Accountancy services Govemance 1,945 1,945 1,945 1,945 15 Didsbury Parsonage Trust Notes to the accounts for the year ended 30 September 2024 (continued) Net income/(expenditure) for the year This is stated after charging/{crediting): 2024 2023 Depreciation Independent examiner's fee 9,598 2,042 9,823 1,945 io staff costs staff costs during the year were as follows: 2024 2023 Wages and salaries Social security costs Pension costs 59,673 3,927 I,oii 53,856 487 64,611 54,343 Allocated as follows: Charitable activities 64.611 54,343 64,611 54,343 No employees ha5 employee benefits in excess of £60,000 (2023.. Nil). The average number of staff employed during the period was 3 (2023= 2)- The average full time equivalent number of staff employed during the period was 1.77 {2023'. 1.2}. The key management personnel of the charity comprise the trustees. The total employee benefits of the key management personnel of the charity were £Nil (2023: £Nil). 11 Trustee remuneration and expenses. and related party transartions Neither the management committee nor any person5 connected with them received any remuneration or reimbursed expenses during the year (2023: Nil). No members of the management committee received travel and 5ubsi5tence expenses during the year {2023.' £Nil). Aggregate donations from related parties were £Nil (2023.. £Nil). There are no donations from related parties which are outside the normal course of business and no restrirted donations from related parties. No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity. including guarantees, during the year {2023.' nil)- 16 Didsbury Parsonage Trust Notes to the accounts for the year ended 30 September 2024 (continued) 12 Corporation tax The charity 15 exempt from tax on income and gains falling within Chapter 3 of Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity. 13 Fixed assets: tangible assets Leasehold land & buildings Fixtures & fittings Computer Equipment Total Cost At l Ortober 2023 Additions Disposals 162.442 11.098 2,810 176,350 (562) (562) At 30 September 162,442 11,098 2,248 175,788 Depreciation At l Ortober 2023 Charge for the year Disposals 83.935 8,788 9.809 415 2,415 395 (562) 96,159 9,598 (562) At 30 September 92,723 10,224 2,248 105,195 Net book value At 30 September 69,719 874 70,593 At 30 September 78,507 1,289 395 80,191 17 Didsbury Parsonage Trust Notes to the accounts for the year ended 30 September 2024 (continued) 14 Debtors 2024 2023 Trade debtors Other debtors Prepayments and accrued income 5,308 7, 772 95 5,156 1,956 7.264 13,023 15 Cash at bank and in hand 2024 2023 Cash at bank and on hand 63,430 76,500 63,430 76,500 16 Creditors: amounts falling due within one year 2024 2023 Accruals Trade creditors Other creditors Taxation and social security costs 16.646 1,221 8,524 8,311 3, 943 150 7,107 9,190 34,702 20,390 18 Didsbury Parsonage Trust Notes to the accounts for the year ended 30 September 2024 (continued) 17 Analysis of movements in restricted funds Current reporting Balance at period l October 2023 Balance 30 September 2024 Income Expenditu Transfers Sundial window appeal 7,299 7,299 Total 7,299 7,299 Previous reporting Balance at period l October 2022 Expenditur Balance 30 September 2023 Income Transfers Sundièl window appeal 7,299 7,299 Total 7,299 7,299 Name of restricted fund Description, nature and purposes of the fund Sundial window appeal The trustees approved the restoration of the Stained Glass Sundial Window in October 2016.The window was installed in January 2020 at a total cost of £15.767 and the total cost has been transferred to the capital fund. The balance of the funds raised is to be spent on educational and other projects associated with the sundial window. 19 Didsbury Parsonage Trust Notes to the accounts for the year ended 30 September 2024 (continued) 18 Analysis of movement in unrestricted funds Current reporting Balance at period l October 2023 Balance 30 September 2024 Income Expenditu Transfers General fund Capital Fund 61,834 80,191 80,466 (123,205) 9,598 (9,598) 28,693 70,593 Total 142,025 80,466 (123,205) 99,286 Previous reporting Balance at period l October 2022 Balance 30 September 2023 Income Expenditu Transfers General fund Capital Fund 98,520 90,014 69,379 (115,888) 9,823 (9,823) 61,834 80,191 Total 188,534 69,379 (115,888) 142,025 Name of unrestricted fund Description, natu￿ and purposes of the fund General fund The free reserves after allowing for all designated funds Capital Fund The trustees have agreed that those unrestrirted funds used to fund the fixed assets of the trust should be separately identified. 20 Didsbury Parsonage Trust Notes to the accounts for the year ended 30 September 2024 (continued) 19 Analysis of net assets between funds Current reporting period General fund Designated funds Restricted funds Total Tangible fixed assets Fixed asset investments Net current assets1(liabilities) Creditors of more than one year 70,593 70,593 28,693 7,299 35,992 Total 28,693 70,593 7,299 106,585 Previous reporting period General fund Designated funds Restricted funds Total Tangible fixed assets Fixed asset investments Net current assets/{liabilities) Creditors of more than one year 80,191 80,191 61,834 7,299 69,133 Total 61.834 80.191 149,324 20 Operating lease commitments The charity's total future minimum lease payments under non-cancellable operating leases is as follows for each of the following periods: Property Equipment 2023 2024 2023 2024 Less than one year One to five years Over five years 11,500 46,000 54,625 11,500 46.000 66,125 112.125 123,625 21 Didsbury Parsonage Trust Notes to the accounts for the year ended 30 September 2024 (continued) 21 Reconciliation of net movement in funds to net cash flow from operating activities 2024 2023 Net income/(expenditure) for the year Adjustments for: Depreciation charge Decrease/{increase) in debtors Increase/(decrease) in creditors (42,739) (46,509) 9,598 5,759 14.312 9,823 (5,386) 5,170 Net cash provided by/(used in) operating (13,070) (36, 902) 22 Didsbury Parsonage Trust Notes to the accounts for the year ended 30 September 2024 (continued) 22 Prior year Statement of Financial Activities (including Income and Expenditure account) Unrestricted funds Restricted Total funds funds 2023 Total funds 2022 Income from: Donations and legacies 3,558 3,558 31,012 Charitable activities= 65.821 65,821 69,222 Total income 69.379 69.379 100.234 Expenditure on: Raising funds 72 72 1,088 Charitable activitie5: 115,816 115,816 112,397 Total expenditure 115,888 115,888 Net income/(expenditure) for the year (46.509) (46.509) (13.251) Transfer between ftjnds Net movement in funds for the year (46,509) (46,509) (13,251) Reconciliation of funds Total funds brought forward 188,534 7,299 195,833 209,084 Total funds carried forward 142,025 7,299 149,324 195,833 The Statement of financial activities includes all gains and losses recogni5ed in the year. All income and expenditure derive from continuing activities. 23