Company registration number.. 08008229
Charity registration number: 1147174
MANCHESTER CARE AND REPAIR
(A COMPANY UMITED BY GUARANTEE)
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024
Horsfield & Smith
Statutory Auditor
TowerHouse
269 Walmersley Road
Bury
Lancashire
BL9 6NX

MANCHESTER CARE AND REPAIR
CONTENTS
Reference and AdmlnlstratNe Detalb
Ito2
Strategic Report
3to7
Trustees, Report
8tolO
Statement of Tru5tees' Responsibilit
li
Independent Auditors, Report
12toJ5
Statement of Finanaal Activities
16
Balance Sheet
17
Statement of Cash Flows
18
Notes to the Flnancial Statements
19to37

MANCHESTER CARE AND REPAIR
REFERENCE AND ADMINISTRATIVE DEfAIL5
tharlty Registration Number
1147174
Company Reglstratlon Number 08LN)8229
Re8lstered Offlce
Unit14
Empre55 Business Centre
380 Chester Road
Manchester
Greater Manchester
M169EA
Trustses
The Trustees who served during the year were as follows:
T K McDonald. chairfrom 23.5.23
M K BarkaL T￿35￿￿T upto 23.5.23
T Huburn (appointed 12 March 20241
J Huiston (appointed 12 March 20241
H M Lan& Chair upto 23.5.23Threasurerfrom 23.5.23
A Lewi5 lappoirted 12 March 20241
M L Llndars. Deputy Chair (from 23.5.231
Dmort
P K Smith
C Green (Resigned 12 March 20241
Chtef Exeurtlve Officer
A Mason
Seuetary
A Mottram
Authtor
HOr$f￿ld & Smrth
Statutory Auditor
Tower House
269 Walmersley Road
Bury
Lantashire
BL9 6NX

MANCHESTER CARE AND REPAIR
REFERENCE AND ADMINISTRATIVE DETAILS
Bankers
Co-operatfve Bank plc
6th Floor, Department 20103
l Angel Square
M3nche5ter
MEQOAG
Scottish Widows Bank
67 Morriwn Street
Edlnburgh
EH3 8YJ
CCL4 Investment Management Ltd
Senator House
85 Queen Vlctorla Street
London
EC4V 4Er
Epworth Investmert Management
9 Bonhlll Street
London
EC2A 4PE
Shawbrook Bank Ltd
Lute House
Wadey Hill Business Park
The DrSve. Great Wadey
Essex
CM13 3BE
CAF Cash Limited
Klngs Hlll
West Malling
Kent
ME194JQ
Close Brothers Treasury
10 Crown Place
London
EC2A 4
Charity Bank
Fosse House
182 High Street
Tonbrfdge
Kent
TN9 IBE

MANCHESTER CARE AND REPAIR
STRATEGIC REPORT
YEAR ENDED 31 MARCH 2024
The tmstees, who are directors for the purposes of company law, P￿sent their strateglc report for
the year ended 31 March 2024. in compliance with s414C of the Companies Act 2006.
Achlevements and performance
Operations and Effectlveness Priority I: To provlde hl8h quallty serylces that enable people to
contlnue to Ilve safely. independently. and atfordably in a healthy home.
The organisation continued tooperate all tts corecommissk)ned services {Hantyperson, Home Repalrs
Support, Caseworl and Home from H05Pitall as well as progre55ing into the second year of 'Home
Firsv proj@ct that supports people with mentsl he3￿h conditions, and who are leaving hospltal. to
move back to a safe, clean, and comfortable home environment.
Durlng the year we responded to 14,985 service user5 and provided 11,401 direcl support
Interventions to 5838 individuals or families.
The Casework team 5UPPOrted 1258 with Casework support and supported 388 Clients to
access benefrt entrtlements to the value of £2,059,147.43, helpingto tad(le pensioner poverty
by putting an average of £5.307 extra income into the kKsckets of vulnerable people.
The Handyperson service supported 7983 p￿pIe with home safety assessment, small repairs
and minor adaptaI￿n$, and helped to tackle energy poverty by 5upplyin8 energy efficiency
li8htbulbs to their clients.
The Horne First Team worked with 72 d*nts, who were in the proc￿5 of being di5charEed
from mental heatth wards, by providing maSor and minor woths, deep cleans, carpets,
curtains, furniture, and furnishings as well as supporting people moving into new tenancies.
Operations and Effectiveness Priority 2: To model and pro¥i(le high qualityser¥itesthat address thè
home repalr improvement and energy saving needs of vulnerable v•Jner occupiers.
The Home Repairs Support team helped 479 people to acces5 8rant5 and loan5 to complete e55ential
home repair and fixtures, they provided contrartor advice trja further 1589 individuals and supervised
malor works Iheatlng ￿placeMentS, roof works, window and door replacements etc.) for 173
vulnerable homeowners. The team delivered home Improvements to the value of £1,048,091.86
across the year. and in the process transfornied people's INes as well as homes.
The organisation made 169 Erants to the valu@ of £101.794 from our welfare funds (Truslees and
Home comforts. NHS welfare fund, Pennine East Per50nalisation Fund and Independent Age and
Electricity Safety Council Fund pots).
Over the year we strengthened our working partnership with the CarLKJn Coop continuing to work on
the Levenshulme area-based retrofit project and working on thè Energise enerbry 8dvice project and
the Green Home Finance Pilot with the Carbon Coop and Greater Manchester Credit Union5.
Operations ond Effectiveness Prlority 3: To ¢ontinue to play a part in redudn8 hospital admtsslons
and enablin8 people to be Safely discharged Irom h05Pital in a timely way.
We continued to provide transport home and short-term settling in support of patients being
discharged from Hospital. The Home from Hospital service provided direct setvices to 1460
individuals. We continued to play a key role in the Voluntary Sector Discharge Alliance. a group of

MANCHESTER CARE AND REPAIR
STRATEGIC REPORT
YEAR ENDED 31 MARCH 2024
voluntary sector provi(lers and poliry makers who are pursuing the goal of a 'Universal Offerf for
hospital discharge support services across Greater Manchester. We worked collaboratively with the
Royal Voluntary Society, Age UK Manchester, and Age UK Bury to ensure all over GO'S leaving
Manchester hosprtals had thesame offer of follow-on support after being dlscharged. We also worked
wlth the Wai Yin, Rochdale Clrcle and C4HN to set up the supportal, a single referral mechanism to
allow hospital dlscharge staff to refer into voluntary sector seryiw from North Manchester General
Hospital.
Operatlons and Effectlveness Priorlty 4: To promote our work to funders and parthers and to work
with them io explore Innovative options that TMIII allow ser¥lces to be malntslned In a challengln8
funding envlronment.
A lot of effort went into discussions with main contract commissioners thls year In advance of an
expected tendering process for all contract elements. Unfortunately, due to challenges on the
commi55ioners side this process did not happen in a timety way and instead we accepted a one year
roll over of the main contrart for 2024-2025. Nonethele55, a lot of conversations happened, and
reports and analytlcs were shared; these will hopefully inform the process when it do@s come to pass.
Similar conversations happened with our Pennlne Care contract. resulting in an extension with
commf(ment to conslder a more enduring arrangement durin8 2024-2025.
Elsewhere, we were able to successfully promote oUrSetvl￿ model and organisational capabilities, as
well as our approach to Bap finding and innovation. by winning a large grant from NHS Charities
Together to work wtth the Neighbourhood Apartments and the HOOP servlce on a project to help
people move (when they (annot be discharged to their previous homel.
Governance and Leadership Priority 5: To omend our governance structure and further develop the
Trustee body so that our govemance 15 effertive, informed, and efficien( and the leadership of the
organi5ation is skilled, motivated, and representstlve of the communlties we seNe.
Governance and Leadershlp Prforfty 6:To explore ways forthe leaders of the organisation to engage
with client Efoup5 more regularty and In a more strurtured way• so that their vlew5 and Treeds are
reflected in the services we provlde.
The Board of Trustees ran a 5uc(e5sful recruStment process over the Winter and coopted three new
Trustees with valuable experience in HR, Housing, and Financial se￿iCe$. The Commissloning
situation, and its implications forthe organisation, have been front and centre of the Trustees Agenda
for m05t of the year and con5equentialty they have needed to focus heavity on effertNe leadershlp
and risk management strategy.
Finance Priority 7: To approach contrart and furKllng negotiations with a ¢lear message about our
soclal value uedentials, our effi¢iencyi and the clear benefits of our holistic working practices.
During this year, we were involved in an intensive process of communication and discussion with our
maln commissioners INHSand MCCI regardingthe current operation and future needs of the tripartite
contract we hold with them covering home from hospital. casewDrk, handyper50ns, and horne repairs
suppurt servlces. Unfortunate￿, due to organisational reorganisation and a number of tsth@r issu@s on
the part of the commissioning organlsatlons. they were not able to achieve a full tendering process.

MANCHESTER CARE AND REPAIR
STRATEGIC REPORT
YEAR ENDED 31 MARCH 2024
Instead. Manchestercare and Repairwereoffered a onwear bridging contract for 2024-2025 to allow
servlces to continue whilstthe commissioning issues can be resohjed.
Elsewhere, our programme of work with Pennine Care was rolled over into 2023-2024 following
PL)Sitive staff endorsement and engagement with management and was again rolled over in 2024-
2025 follewlng an evaluation in the first few months of 2024
Finance Priorfty 8: To increase our lon8-temi resilience by exploring optlons for generdting
Significant additional income outside the framework of public sertor ¢ontrartlr
The organisation achieved new investments from the Growth Companyi the National Lottery Cost of
Living Fund, the Department for Energy Securtiy and Net Zero (via our partnership v4ith the Carbon
Coop), and NHS Chadtles Together. This adds to our multi-year funding agreement5 wrth NatK)nwide
and the Henry Smith Charity.
Environmentèl and Sotial Value Priority 9: To invest in technolo8•es and proce55es that $18nificantly
reduce our carbon emisslons, and to Integrnte ener8y redurtion objertives across all our servlces
and act[￿tIeS. ensurln8 our programming meets our carbon emissions reduction targets.
2023-2024 brought some malor posttive developments against this priority. We produced our first
Environmental Impact Report Icovering 2022-20231 in the late spring of 2023. The report measured
our 'core emissio￿, (scope l and 2 and part of scope 3}, estimated the rest of scope 3 to provlde a
baseline for reporting in future years, and showed that our Scope l and 2 emissions decreased by
I3￿ kEC02e115% of category) between 21-22 and 22-23. The report also described our plans to
hjrther addre55 our carbon footprint in future years. For our progress in reporting and planning, we
were awarded the Sustainabilty in Home Adaptations Award at the National Healthy Home5 Awards
In December 2023.
In October 2023, we purchased a fulty elertric car to replace our sole fleet vehKle which is t35ked to
the Horne from Hospital Take Home service at North Manchester General. Th@ change fmrn Diesel to
electric will reduce our eM￿S1On5 by 905 k8C02e a5 well as minimi5e our contributlon to alr pollutlon.
Etsewhere, we made efforts to reduce transport emissions created by personal vehicle use and
essential car user model of working by encouraging staff to be proactNe in the use of publlc transport
for non-essential car user5, and by implementing'start from home, policies for essential home vlsitlng
staff. We also switched to new suppliers In different parts of the clty to ￿d￿Ce unnecessary journeys
to the ¢)fflcelstores.
Through our work wlth the Carbon Coop. we We￿ ableto employ a Spec￿lISt retrofrt Technical Officer
and have spent much of the year developing improved a55e55ment practices and technical
specfficalion5 for our Home Repairs Support Team. This work is designed to improve the impact of our
Repairs Programmes form an energy efficiency perspective, and thus reduce the carbon im part of the
homes on which we work. We alsojoined the HACT retrofft credits pro8ramme allowing us to monitor
the carbon savings of our intervention5 more effertNety las well as sell the carbon savings on the
carbon credits markets1-
Finally, we engaged with the Carbon Literacy Projects Carbon LrteracyTrainin& sendlng two staff on a
training course and then working to produce an adapted, accredited version of the course specifical
for Horne Improvement Agencies. The course will be accredited in late Spring 2024 and rolled out to
all staff later In the year.

MANCHESTER CARE AND REPAIR
STRATEGIC REPORT
YEAR ENDED 31 MARCH 2024
Envlronmental and Social Value Priority 10: To invest in our people and our partnerships
Unfortunately• the contracting i55ue5 we faced this year left our Services underfunded due to a no
uplift brldging contrart being put in place. In response, we cOnsU￿e￿ staff around a redurtion in
working hours, encouraged people to take advantage of flexible working options (extra hollday buy
backl, and invited and accepted a small number of voluntary redundancies. We continue to work hard
to maintain morale and have retalned our Greater Manchester Good Employment Charter full
membership. and our Investors in People LNing Wage and Disabilty COnf￿ent Accreditations.
We continued to invest in our operational partnerships and played a role in Voluntary Sector
leadership actNWties where we coukl.
Corbon Redurtlon
During the year, the Organisat￿n began ser￿u$ discussions a1￿ut our social responslbllities Sn respect
of climate change. As a re5uk, we have established a new polKy framework amund ourenvironrnental
responsiblllties and have committed to-
Halvlng our emissions before 2030 and achievlng 8(r% carbon zero before 2038 in line wlth
the Greater Manchester and NHS Targets.
Publlshlng our emlsslons annualty. Including voluntary reporting of Scope 3 em￿s1onS where
feasible. and including greenhouse Eas emissions re(luctions in our standard reportlng
Transfomilng our act￿rtIeS to adapt to cllmate change and make our artNities compallble
wklh a Iow-climale brture.
During 2022-2023, we made several adaptations to our office environment to reflect these
commltment5 and began thinking about how to address ourtransport emissions.
Financlal review
Policyon reseThes
The Trustee5 recoBnise the ifflportance of a prudent reserves wliLry which Is able tt> support potential
business development whilst maintaining the ability to cover close-down costs a5 a last resort. The
trustees recognise that the balance sheet shows reserves of £1,063,659 as of 31st March 2024.
The board reviews it reseNes policy and strategy annually. The last review was May 2024 when the
Statement below was agreed. The next review will be May 2025.
The Board has examined the organisation's requirements for ￿erVeS In the light of the main risks to
the org8nisatlon. balancing the needs of current and future beneficiaries. The r&erves policy Is
therefore assessed on a basis of risks tothe organisatK)n and planned commitments and inve5tment5.
The level of reseNes requlred wlll be recalculated in accordan￿ with a template agreed by the Board
and reviewed at the end of each financial year. The amount required will be designated.
The designated reserves calculation will include'.-
l. Redundanry Costs. outstanding lease commitments. estimated dilapidations. and pensSon
2. 6 months operational costs
The level of designated reserves will meet all the above requirements and will alm not to exceed
annual income. The designated reserves will be recalculated annuallv.

MANCHESTER CARE AND REPAIR
STRATEGIC REPORT
YEAR ENDED 31 MARCH 2024
Where the organisation is holdlng reserves g￿ater than the designated reserves the Trustees wlll
pursue an active policy aimed at investing in-
l. Activities or programmes of workthat furtherihe purposes of the organisation a5 described
within the memorandum and articles.
2. Activitles or pro8rammes of work that Improve the infrastructure. resilience. and
sustainability of the organi5ation.
Principal risks anduncertolnties
The Organisation maintains a coMp￿hen$￿e risk register that is reviewed at every Board meeting.
The Audlt Committee oversees the Intemal Audit process which selects topics for audit and scrutinises
the eudlt flrbdinE5 thereby providing assurdn￿ to the Board.
The strategic report was approved by the trustees of the charity on 30 July 2024 and 518ned on its
behalf by:
T K McDon3ld
Trustee

MANCHESTER CARE AND REPAIR
STRATEGIC REPORT
YEAR ENDED 31 MARCH 2024
The tru5tee5, who are director5 for the purposes of company law, present the annual report tO8ether
wlth the financial statements and audrtor5' report of the charitable company for the year ended 31
March 2024.
Objectives and artivitles
Objects and tilms
Manchester Care and Repalr provides practical support focused on helping people to malntaln their
Independence, wellbein& safety and security in theirown home. The majority of our clients are older
people.
Our seNices include:
The provision of support and advice on home ￿paIrS and adaptations Including support to
access Erants and loans for essential repairs. heating and domestic goods.
Handyperson servlces fuffilllng home safety assessments, minor adaptations, falls prevention
adaptations, small home repairs and other housing and rekted odd lobs.
Ca5ewDrker service, supporting people to improve theirfinancial and soelal Independence by
helping them to access benefits and entit￿Ments. reduce their bills and connect with other
services, achvlties and communty support.
Home from Hospital services provldlng a range of support. including transport home from
hospftal. safe and well calls and practical interventions such as fittin8 key safes. handrails etc.
Publlcbenefft
The Trustees have pald due regard to Charty Commission 8uidance on public beneftt In declding whal
activities the Charity should undertake. The aCtNIl￿ are focused on meeting the needs of older and
vulnerable people living within specific local authority areas. The servlce ellgibility criteria relate to
need, low Income and dlsa(Ivantage. The Trustees are satisfied that the Charity delivers charitable
activities for public benefrt.
The trustee5 confirm thatthey have complled wtth the ￿quirementS of sertK)n 17 of the Charities Act
2011 to have due regard to the public benefft guidan￿ published by the Charlty Commission for
England and Wales.
Structurei governance and management
The organisation ￿ a Charity (Charity Number 11471741 and a Company Limited by Guarantee
(Company Number 8(KJ82291 as such we are regulated by the Chartty Commisslon and Companies
House. The Organisation is registered wfth the Information Commissioners Offlee IRegistratlon
Number Z70140401 and the Financial Conduct Authority (Reg￿trdt￿n number 7161861.

MANCHESTER CARE AND REPAIR
STRATEGIC REPORT
YEAR ENDED 31 MARCH 2024
Alature of governing document
The Memorandum and Articles of the chafftable company are available from the Reglstered Office
and include ihe following objects..
"The relief of elderly and disabled persons and those affected by long-term illness or poverty or other
dlsadvantages, In partlcular by:
providing seNices, advice or assistance for persons in necessitous ¢ircumstsn¢es upon terms
appropriate to their mean5:
providing houses, hostels. home repairs. adaptation5 and improvements and any associated
amenities for person5 in necessitous circumstances upon terms appropriate to their means;
providing education, advice or infornation to or for any person or body.
Major risks ond munogementolthose rlsks
The Organlsatton malntains a comprehensNe risk register that is reviewed at every Board meetlng.
The Audit Committee oversees the Internal Audit proces5 whlch selects toplcs for audit and 5crutintse5
the audit flndings thereby pr(widing assuran￿ to the Board.
The Trustees recognise the risks associated with the Charity'5 ￿lianCe on a single contract (albeit
a jointly commissioned contract) however they recognise and welcome that broader shlfts in
public procurement practice mitigate against these risks. The organisation is committed to
working with Commissioners to achieve best outcomes both for clients and for the wider system
as well as to redouble efforts to widen its pool of investors and supporters.
Flnanclal Instruments
Objectives andpoll¢les
The charity's actNf(ies expose it to a number of financial risks Including credit rlsk, cash flow risk and
Ilquidity risk.
Credlt risk
The tharlty's prlnclpal flnancial assets are bank balances and investments.
The credit risk on liquSd fijnds is limited because the counterparties are banks wlth hlgh credit ratlngs
S5igned by international credit-rating agen¢ies.
The charity has no significant concentratlon of credit risk. with exposure spread over a large number
of counterparties.
Cashfvw risk
The charitvs activities expose It primarlly to the financial risks of changes In interest rates.
Interest bearing assets are held at fixed rate to ensure certainty of cash flow

MANCHESTER CARE AND REPAIR
STRATEGIC REPORT
YEAR ENDED 31 MARCH 2024
Liquidity risk
In order to maintain liquidity to ensure that sufficient funds are avalLable for ongoing operatlons and
future developments. the chartty uses Investments and deposits which are revlewed on a regular
basls.
sclosure of information to authtor
Each trustee has taken steps that they ought to have taken as a trustee in order to make themselves
aware of any relevant audit information and to establtsh that the charity's audltor Is aware of that
irbformation. The trustees conflrm that there Ls no relevant information that they know of and of which
they know the auditor is unaware.
The annual report Wa5 approved by the tNstees of the charlty on 30 July 2024 and signed on Its behalf
by..
A Mottram
Company Secretary
io

MANCHESTER CARE AND REPAIR
STATEMENT OF TRUSTEES. RESPONSIBILMES
The trustees Iwho are a150 the directors of Manchester Care and Repair for the purposes of company
lawl are responsible for preparing the trustee5' report and the financlal statement5 in accordante
with applicable law and Unwted Klngdom Accounting Standards (United KirbBdom Generally Accepted
Accounting Practice), including FRS 102 'The Financial Reportlng Standard applicable in the UK and
Republic of Ireland"
Company law requires the trustee5 to prepare financial statements for each financi31 year. Under
ompany law the trustees must not approve the financial statements unless they are satlsfied that
they give a true and fair view of the state of affairs of the charltable company and of the incominB
resources and appllcatlon of resources, including rts income and expenditure, of the charitable
company for that period. In preparing these flnat)clal statements, the trustees are required to..
select surtable accounting policies and apply them consi%tentty,'
observe the methods and prlnclples in the CharIt￿S SORP,.
make judgements and estimates that are reasonable and prudent;
• state whether applicable atcounting standards. comprising FRS 102 have been followed, subject
to any material departures dls¢losed and expkined in the financial statements.. and
prepare the financial statements on the Boin8 concem basi8 unle55 It Is inappropriate to presume
that the charitsble company wlll continue in busines5.
The trustees are responsible for keeping proper accounting rpcords that can d15close with
reasonable acturacy at any tlme the financlal position of the charitable company and enable them to
ensure that the financial statements Corn￿yw1th the Companies Act 2￿& They are also re5pon5ible
for safeguarding the assets of the charitable company and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularttles.
The trustees are responslble for the maintenance and integrity of the corpordte and financlal
Information included on the charitable company's webslte. LegLslatlon governing the preparatlon
and dissemlnation of fInanc￿l statèments may differ from legislation in otherjurlsdlrtlons.
Approved by the trustees of the charity on 30July 2024 and signed on its behalf by:
T K McDonald
Trustee
li

MANCHESTER CARE AND REPAIR
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF
MANCHESTER CARE AND REPAIR
Oplnlon
We have audited the financial statements of Manchester Care and Repair Ithe 'charity'l for the year
ended 31 March 2024, which comprise the Statement of Financial Activities, Balance Sheet,
Statement of Cash Flows, and Notes to the Financial Statements, including a summary of significant
accounting policies. The financial reporting framework that has been applied in their preparation is
United Kingdom Accounting Standards, comprising Charities SORP - FRS 102 'The Financial Reporting
Standard applicable in the UK and Republic of Ireland, and applicable law (United Kingdom Generally
Accepted Accounting Practitel.
In our opinion the financial statements:
give a true and fair view of the state of the charity's affairs as at 31 March 2024 and of its
incoming resources and application of resources, including its income and expenditure, for the
vear then ended-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Prartite: and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for oplnlon
We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and
applicable law. Our responsibilities under those standards are further described in the auditor
responsibilities for the audit of the financial statements section of our report. We are independent
of the charity in accordance with the ethical requirements that are relevant to our audit of the
financial Statements in the UK, including the FRUS Ethical Standard, and we have fulfilled our other
ethical responsibilities in accordance with these requirements. We believe that the audit evidence
we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees use of the going concem
basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not Identified any material uncertainties relating to
events or condition5 that, individually or collectively, may cast significant doubt on the charity's
ability to continue as a going concern for a period of at least twelve months from when the original
financial statements were authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are
described in the relevant sections of this report.
Other information
The trustees are responsible for the other information. The other information comprises the
information included in the annual report, other than the financial statements and our auditorfs
report thereon. Our opinion on the financial statements does not cover the other information and,
except to the extent otherwise explicitly stated in our report. we do not express any form of
assurance conclusion thereon.
12

MANCHESTER CARE AND REPAIR
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF
MANCHESTER CARE AND REPAIR
In connection with our audit of the financial statements, our responsibility is to read the other
information and, ir) doing so, consider whether the other information is materially inconsistent with
the financial statement5 or our knowledge obtained in the audit or otherwise appears to be
materially misstated. If we identify such material inconsistencies or apparent material
misstatements. we are required to determine whether there is a material misstatement in the
financial statements or a material misstatement of the other information. If, based on the work we
have performed, we conclude that there is a material misstatement of this other information, we are
required to report that fact.
We have nothing to report in this regard.
Oplnlon on other matter prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
the information given in the Strategic Report and Trustees, Report for the financial year for which
the financial statements are prepared is consistent with the financial statements,. and
the Strategic Report and Trustees, Report have been prepared in accordance with applicable legal
requirements.
Matters on whlch we are required to report by exceptlon
In the light of our knowledge and understanding of the charity and Its environment obtained in the
course of the audit, we have not identified material misstatements in the Strate8ic Report and the
Trustees, Report.
We have nothing to report in respect of the following matters where the Companies Act 2006
requires us to report to you if. in our opinion:
dequate accounting records have not been kept, or returns adequate for our audit have not
been received from branches not visited by us- or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of trustees remurberation specified by law are not made,. or
we have not received all the information and explanations we require for our audit.
Responsibllltles of trustees
As explained more fully in the Statement of Tru5tees' Responsibilities (set out on page 111, the
trustees are responsible for the preparation of the financial statements and for being satisfied that
they give a true and fair view, an¢J for such internal control as the trustees determine is necessary to
enable the preparation of financial statements that are free from material misstatement, whether
due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability
to continue as a going concern, disclosing, as applicable, matters related to going concern and using
the going concern basis of accounting unless the trustees either intend to liquidate the charity or to
cease operations, or have no realistic alternative but to do so.
13

MANCHESTER CARE AND REPAIR
INDEPENDENf AUDITOR'S REPORT TO THE MEMBERS OF
MANCHESTER CARE AND REPAIR
Auditor responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a
whole are free from material misstatement, whether due to fraud or error, and to Issue an auditols
report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a
guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material
misstatement when it exist5. Misstatements can arise from fraud or error and are considered
material if, individually or in the aggregate, they could reasonably be expected to influence the
economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed
below..
The extent to whlch our procedures are capable of detecting irregularities, including fraud
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above, to detect material mi55tatements in
respect of irregularities, including fraud is detailed below:
We considered the nature of the limited company's industry and its control environment and
reviewed documentation of their policies and procedures relating to fraud and compliance with laws
and regulations. We also enquired of management about their own identification and assessment of
the risks of irregularities.
We obtained an understanding of the legal and regulatory frameworks that the limited company
operates in. and identified the key laws and regulations that:
had a direct effect on the determination of material amounts and disclosures in the financial
statements. These included UK Companies Act, tax legislation: and
do not have a direct effect on the financial statements but compliance with which may be
fundamental to the limited compan￿5 ability to operate or to avoid a material penalty.
We ensured that the engagement team collectively had the appropriate competence, capabllities
and skills to identify or recognise non-¢omplian¢e with applicable laws and regulations.
We discussed among the audit engagement team regarding the opportunities and incentives that
may exist within the organisation for fraud and how and where fraud mi8ht occur in the financial
statements.
In common with all audits under ISAS IUKI, we are also required to perform specific procedures to
respond to the risk of management override. In addressing the risk of fraud through management
override of controls, we tested the appropriateness of journal entries and other adjustments;
assessed whether the judgements made in moking accounting estimates are indicative of a potential
bias; and evaluated the business rationale of any significant transactions that are unusual or outside
the normal course of business.
14

MANCHESTER CARE AND REPAIR
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF
MANCHESTER CARE AND REPAIR
In addition to the above, our procedures to respond to the risks identified included the following..
reviewing financial statement disclosure5 by testing to 5UPPOrting documentation to asse55
compliance with provisions of relevant laws and regulations described as having a direct effect on
the financial statements-
performing analytical procedures to identify any unusual or unexpected relationships that may
indicate risk5 of material misstatement due to fraud-
enquiring of management concerning actual and potential litlEation and claims, and instances of
non-compliance with laws and regulations,. and
reading the minutes of meeting of those charged with governance.
Use of our report
This report 15 made solely to the charitable company trustees in accordance with Chapter 3 of Part
16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the
charity's trustees those matters we are required to state to them in an auditorfs report and for no
other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to
anyone other than the charitable company and its trustees as a body, for our audit work, for thi5
report, or for the opinions we have formed.
Peter Nicol BEM BSC FCA (Senior Statutory Auditor)
For an¢J on behalf of Horsfield & Smith, Statutory Auditor
Tower House
269 Walmersley Road
Bury
Lancashire
BL9 6NX
30 July 2024
15

MANCHESTER CARE AND REPAIR
STATEMENT OF FINANCIALACflVITIES
YEAR ENDED 31 MARCH 2024
(INCLUDING INCOME AND EXPENDITURE AccOu￿r
AND STATEMENT OF TOTAL RECOGNISED GAINS AND LOSSES)
Unrestricted
funds
Total
2024
Total
2023
Incomeand Endowments from:
Dorbations antl legacies
Investment income
Charitable activities
25,730
27,231
2,143,753
25,730
27,231
2,143,753
31,621
10,441
2,016,684
Total Income
2.196,714
2,196,714
2,058,746
Expenditure on:
Charitable actlvlties
12.273,2151 12,273,215) 12.120,2081
Total expenditure
{2,273,2151
12,273,215) 12,120,208)
Net expendlture
176,501)
176,5011
161,4621
Net movement In funds
176,501}
176.5011
161,462}
Reconciliation of funds
Total funds brought forward
1,140,160
1.140.160
1,201,622
Total funds earrled fO￿ard
L063,659
1.063,659
1,140,160
All of the charivs aLtivities derwe from contlnulng operat￿n$ during the above trio periods.
The funds breakdown for 2023 is shown in note 23.
16

MANCHESTER CAREAND REPAIR
BALANCE SHEEr
AS AT 31 MARCH 2024
(REGISTRATION NUMBER: 08008229)
2024
2023
Note
Flxed assets
Tangible assets
16
15,944
Current assets
Stocks
17
6.296
107,438
1,038,758
763,262
8,727
230,662
1,047,857
821,497
Debtors
18
Cash at bank and in hand
Cash held for loans to residents
1,915.754
2,108,743
Creditors: Amounts falling due withln one year
20
1868,0391
1969,3871
Net current assets
1,047.715
1,139,356
Net a5sels
1.063,659
1,140,160
Funds of the charlty:
Unrestrlcted Income funds
Unrestrlcted funds
1,063,659
1,140,160
Total funds
23
1,063.659
1,140,160
The financial statements on pages 16 to 37 were approved by the trustees, and aLrthorised for issue
on 30 July 2024 and signed on their behalf by-
T K McDonald
Trustee
17

MANCHESTER CARE AND REPAIR
STATEMENT OF CASH FLOWS
YEAR ENDED 31 MARCH 2024
2024
2023
Note
Cash flows Irom operating activilies
Net cash expendlture
176,5011
161,4621
AdSustments to cash flow5 from noTrcash ilems
Depreciation
Investment income
5,658
127,2311
542
110,4411
171,3611
198,0741
Workin8 capltal adjustments
DeCre￿ellinCreaseI in stocks
Decrease in debtors
Decrease in creditor5
17
2,431
123,224
{82,0711
{19,2771
11,8841
91,054
122,8351
1224,8301
18
20
Decrease in deferred income
Net cash flows from operating actNltles
173,7671
1229,856)
Cash flows Irom Invesllng actlvlltes
Interest recelvable and simSlar Income
Purchase of tan8ible fixed assets
27.231
120.7981
10.441
18581
16
Net cash flows from Investlng actfvitie5
6.433
9,583
Net decrease in cash and cash equivalents
167.3341
{220,2731
Cash and cash equivalent5 at l April
1.869354
2,089,627
Cash and cash equlvalents at 31 March
1.802,020
1,869,354
All of the cash flows are derNed from continuing operations during the above two periods.

MANCHESTER CARE AND REPAIR
NOTES TO THE FINANCIALSTATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
I Charity sta￿$
Manchest&r Care and Repair ￿ a company limrted by guardntee, has no share capltal and is
incorporated in EngL8nd and Wales. In the event of the charity being wound up. the liability in
respect of the guarantee is limried to £1 per member of the charity.
The addre55 of its re@￿tered office is:
Untt 14
Empress Business Centre
380 Chester Road
Manchester
Greater Manchester
M16 9EA
2 Accounting polides
Summary of significant accounting policies and key accountlng estlmates
The principal accounting pollcles adopted, judgements and key sources of estimation uncertainty In
the preparatKJn of the financial statements are a5 follow5:
Basis of preparntlon
The financlal statements have been prepared in accordance with Accounting 3nd Reporting by
Charities- Statement of Recommended Practice (applicable to charities preparinE their accounts In
accordance with the Financ￿1 Reporting Standard applitrdble in the UK and Republic of Ireland IFRS
10211 (issued in October 20191- Ichartties SORP IFRS 10211, the Financial Reportlng Standard
applicable in the UK and Republic of Ireland IFRS 1021 and the Companie5 ALI 2006.
Ststement of rompliance
Manchester ca￿ and Repair meets the definition of a publK benefit entity under FRS 102. Assets
and liabilities are initially recognlse(l at historical cost or transaction value unless OtherW￿e stated in
the relevant accounting policy noles.
The financial statements are prepared in sterling which is the functional cU￿encY of the entity.
Golng concem
The financial statements have been prepared on a going concern basis which atsumes an abillty to
contlnue operating for the foreseeable future. The Charity undertakes an annual review of Its
Business Plan. No signtficant concerns have been noted and we consider It appropriate to continue
to prepare the financial statements on a going concern basis.
19

MANCHESTER CARE AND REPAIR
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Judgements and key sources of estlmatlon of un¢ertalnty
The preparation of the financial statements requires management to make judgements,
estimates and assumptions that affect the amounts reported for assets and liabllities as at the
balance sheet date and the amounts reported for revenues and expenses during the year.
However, the nature of estimation means that actual outcomes could differ from those
estimates. The following judgements (apart from those involving estimates) have had the most
significant effect on amounts reco8nised in the financial statement5.
Due to the nature of the charity's activities e.g. a very limited number of both purchase and
sales ledger Iransactions and wtth almost all income from statutory bodie5 INHS and local
aulhorityl there is little requirement for estimation. Revenue5 and expenses are primarily based
on actual sums.
Income and endowments
Grant income
Income 15 ￿COgnised when the charity ha5 entitlement to the funds, any performance condltlors
attached to the iternlsl of inctsme have been met. it is probable that the income will be recelved and
the amount can be measured reliabty.
Income from government and other grants. wh￿her 'capital' grants or 'revenue' srdnts,
retognised when the chaTwiy has entrf(lement lo the funds, any performance condltlons attached tD
the grant5 have been met, it 15 probable thal the Income will be receNed and the amount can be
measured reliably and is noi deferred.
Contract and other Income
Contract and other income Ls recognlsed when It is receivable and to the extent of the completlon of
setvlces.
Interest re¢elvable
Interest on funds held on deposit Is included when receivab￿ and th2 amount can be measured
reliably by the charity. this is normal￿ upon notification of the interest or payable by the Bank.
Fund structure
Unrestricted funds are available to spend on actNitvds that ￿rther any of the purposes of t
charity. Designated fvnds are unrestricted funds of the charity which the trustees have decided at
their discretion to set aside to use for a spettfit purpose. RÈstricted funds are donations which the
donor has specffied are lo be sole]y used for particular areas of the charity's work or for specific
projects bein8 undertaken bythe charity.
20

MANCHESTER CARE AND REPAIR
NOTES TO THE FINANCIALSTATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Expenditure
Expenditure is recogni5ed once there is a legal or constructive obligation to make payment to a third
party. it is probable that Settlement will be required and the amount of the obligation tan be
measured reliably. Expendlture ￿ cla￿lfied under the following activity headings..
Expendlture on charitsble actNitie5 includes the c05t of delrvering the seNices undertaken to
furtherthe purpose of the charity and their assoclated supw)rt costs.
Expenditure has been charged on the accruals basls and such charges indude value added tax whe
appropriate.
Allocation of support Costs
Support costs are those functlons that assist the work of the charity but do not directly undertake
charltable actlvltie5. Support Costs indude back office costs, financè, personnel, payroll and
governance costs which 5UPPOrt the acttvlty to provide suppprt to older people andlor those of any
aBe Ilving with disabilty to live independently in thelr own home.
Flxed assets
All fixed assets are initially recorded at cost.
Depreciatlon
Depreclatlon Is calculated so as to write off the cost of an asset. le5S tts estimated residual value,
over the useful economic lrfe of that asset as follows:
Asset class
Computer & office equipment
Flxtures & fittings
Motor vehicles
Depreclatlon method and rate
33.3% straight line
20% straÈht line
25% reducing balance
StKk
Stotks are valued at the lower of cost and net reali5able value. after making due allowance for
obsolete and slow moving items.
Loans
The charity holds and manages four funds that are loaned to Manchester residents to facllltate
home repairs and improvemen15. Loans due from residents and loans due to Manchester City
Council are offset and the net amount presented in the balance sheet wf(hin other credttors. The
loans are measured initially at fair value, net of transaction costs, and are measured Subsequent￿ at
amortised cost.
21

MANCHESTER CARE AND REPAIR
NOTES TO THE FINANCIALSTATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Rnoncial instruments
The charlty onty hag financial assets and financial liabilities of a kind that qualtfy as basic flnanclal
instruments. Basic flnancial instruments are initially ￿ognISed at a transaction value and
Subsequently measured at their Settlement value wrth the eX￿ptIon of bank loans which are
subsequently measured at amorti4ed cost using the effective interest method.
Retlrement beneffts
The charity operates two pe￿IOn sthemes wlth The Pensk*n Tmst and a few insurance companles.
the premiums of the policies are Invested and managed independently of the finance5 of the charity.
One scheme is the Ethical Plan which is funded and not contracied out of the state scheme and Ss a
money purchase pension scheme. The other scheme is the Growth Plan. The Growth Plan is funded
and not contracted out of the state scheme and is a rnultsomployer pension plan.
The cost of providing retirement penslons and related benefrts bs charged to management expense5
over the periods benefitingfrom the empk)yees' services.
The disclosures In the accounts follow the requirements of SeLtion 28 of FRS 102 in relationto
multl-employerlunded schemes In which the chartty ha5 a participating interest.
ContrIbutior￿ payable to fvnd past deficlts are recognised as a liability in the charity's financlal
statements calculated by the repayments known. discounted to the net present value at the
year-end using a market rate discount factor of 2.35% at 31 March 2022, 5.52% at 31 March 2023
and 5.31% at 31 March 2024.
The unwinding of the dbcount is recognlsed as a finan￿ cost in the Statement of Financial Activities
in the period Incurred.
Volunteers
The chartty has volunteers supporting Handyperson in the Manchester service. Overall thls highly
valued support is a small part of the charitable activttles and the charity has not made an estirnate of
its value for these accounts.
Taxati<
The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010
and therefore it meets the definition of a charitable company for UK corporation tax purposes.
Accordingly, the charKty is potential￿ exempt from taxation in respect ol income or capital gains
received WTthin cate8ories Covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Sertion
256 of the Taxation of Chargeable Gains Act 1992, to the extent that suth Income or gains are
applied exclusivety to charitable purposes.
22

MANCHESTER CARE AND REPAIR
NOTES TO THE FINANCIALSTATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
3 Income from donatlons and le8ades
Unrestri¢ted
nd5
General
Total
2024
Total
2023
Sundry Intome* glfts and donations
25.730
25,730
31,621
25,730
25,730
31,621
4 Investment income
Unrestrirted
funds
General
Totsl
2024
Totsl
2023
Interest receivable and simllar income:
Bank Interest receivable
27,231
27,231
10,441
5 Income from Charltsble a¢tl¥ftles
Total
2024
Total
2023
General
Charyeable work- fees
Contractual income
48,919
1.030,660
1,064,174
48,919
1,030,660
1,064.174
997,369
1,019,315
Grants
2.143,753
2,143,753
2,016,684
During the year the organisat￿n received a gr055 grant eqLtivalent of £650 from GM Business
Growth Hub Services. which has not been Included in the figures. to provide advlce to reduce
carbon.
6 Income from charltable actlvltles- Chargeable work
DefeTred Income Deferred Accfued New Income
Income
ReceTved
Income
income
For Year
In Year
Clfwd
fwd
Blfwd
Chargeable work
42.814
6,105
48,919
Totsl
42,814
6,105
48,919
23

MANCHESTER CARE AND REPAIR
NOTES TO THE FINANCIAL STATEMEKfs
FOR THE YEAR ENDED 31 MARCH 2024
7 In￿rne from charitable activities- Contrd(tual Income
Defeffed
Income
Blfwd
Income
Received
In Year
Deferred
Income
Clfwd
Accrued New Income
Income
For Year
Clfwd
Contrartual Income
15.(
1,015.540
120
1.030.660
Total
15.L
1,015,540
120
1,030,660
8 Income from charltable activities- Grants
Deferred Accrued Income
Income
Income
ReceNed
Blfwd
B/fivd
In Year
Deferred k¢rued
New
Income
Income Income For
C1fv4d
Clfvid
Year
Statutory Grdnts-
Unrèstricted:
Source and project
Manchester City CoLsncil-
EmerEency Heating Grant
Clalm
Foundations Independent
Living Trust- Gas Safe
Programme
Manchester City Council -
Crisls Clean Hospital Discharge
Manchester City Council-
Sensory Equipment
NHS Trafford CCG- Home first
Project
Nationwide Skn11 Project
Independent Age- Cost of
living Brant
Manchester City Council -
Energy Packs
Manchester City Council-
MEAP- Adult social care
Electrical Safety First
NHS Charkties Together-
Tenancy coordinator
GMCA HFH Referral
Henry Srnith Foundation
Damp & Mould in kid5 home5
project
Blg Lottery Fund- Cost of living
grant
Total
1129.4081
793,775
61,055
725.422
{1,6151
19,250
5,715
23,350
498
498
868
26,312
25.525
103.49D
5,848
11.0781
114.1(Kll
128,724
17.273
13.395
20,0
33.395
25.C
25,LNXJ
4.388
1.320
4,388
4,820
45,702
io.c
35,(IXI
136.9021
8,800
10,000
26.250
18.7501
1S,[
47,586
17.2WI
7,800
47,586
72,306 {131.023) 1.124.151
{68.030)
66,770
1,064,174
24

MANCHESTER CARE AND REPAIR
NOTES TO THE FINANCIAL srATEmE￿rS
FOR THE YEAR ENDED 31 MARCH 2024
9 Charltable a¢tlvltles
All the charitable activities related to one èctivty i.e. to provide support to older people andlor
those of any a8e living with a dI￿bIlty to live independently in their own home.
Unrestrfrted
funds
General
Total
2024
Total
2023
Note
Actlvltles undertaken dlredy
Contrart labour
Contracted work
Materlals
Service costs
862.196
8,703
53.507
12.123
41.932
862,196
8,703
53,507
12.123
41.932
855,282
50,682
13,524
39,516
Travel and subsistence
Support costs
Staff costs
Professional fees
Rent and rates
1,128.952
24,416
37,866
16,219
2.633
11.133
1.128.952
24.416
37.866
16,219
2,633
11.133
971,895
20,201
37,512
14,232
19,013
14,874
Insurance
Repairs and renewals
Telephone
Computer support, postage and
stationery
Other
Recruitment
30.916
22.304
30.916
22.304
39,501
22,718
14,712
90
Publicity
Finance charges
Computer and office equipment
depreciation
Fixtures & Fittings Depreciation
Motor vehicles depreciation
Governante costs
1,161
1.161
1.085
411
411
495
47
47
47
5.20)
6,496
5,200
6,496
io
4,829
2.273,215
2.273,215
2,120,208
25

MANCHESTER CARE AND REPAIR
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
10 Governance costs
funds
General
Total
2024
Total
2023
Audlt fees
Audit of the financial statements
Other Eovernance c05tS
4.3CKJ
2.196
4,31JO
2,196
4,125
6,496
6.496
4,829
11 Audltots, remuneratlon
2024
Z023
Audit of the financial ststements
4,300
4,125
Other fees to auditors
All oiher non-audit servlces
2,300
2,475
12 Net Incomlngloutgolng resouttes
Net outgoing resources for the year indude:
2024
2023
Staff pension contrIb￿lon$
Depreciatlon
Audit fee5
70.717
5,658
4,3LKTr
58.339
542
4.125
Operatlng lease payments:
land and buildings
vehicles
equipment
41,433
2,576
857
35.556
3,883
816
26

MANCHESTER CARE AND REPAIR
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
13 Staff costs and emoluments
The a88regate payroll costs were as follows:
2024
2023
stsff costs durlng ihe year were:
Wage5 and Salaries
Soclal secuiity costs
Other pension costs
Other post retlrement beneflt costs
fe assurance premlums
966,230
85.918
66,438
6,087
4,279
833,304
75,045
54,737
5,207
3,602
1.128,952
971.895
P3rtkul?rs of employee5:
The average number of employees durin8 the year. calculated on the basis of full time equivalents
137 hours per weekl. was as follows:
2024
2023
No
Number ofstaff
Average number of staff (head count
Average number of full time staff130 hrs per week or morel
Average number of part time staff Iless than 30 hrs per weekl
31
30
38
39
24
25
14
14
38
39
The number ofemployees whose emoluments fell within the followi￿ bands wa5:
2024
No
2023
No
£60,001- £70,OC()
27

MANCHESTER CARE AND REPAIR
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
14 Key management personnel
The key management personnel comprise the Trustees, the Chief Executive Officer, the
Resources Director and the Services Director.
No trustees, nor any persons ￿nnected with them. have received any remuneration from the
charlty durlng the year.
During the yearthe charity made the followng transactions with tNstees:
One trustee has received a relmbursement of expenses from the chartty during the year. value £16.
The total employee benefits of the key management personnel were £227,12512023 - É146,50612 x
Key management personnelll.
15 Taxatlon
The charity is a registered charity and is therefore exempt from taxation.
16 Tan8ible flxed assets
Cornputer
and office
equipment
FIxtUr￿ and
ffttings
Motor
vehicles
Total
Cost
At l April 2023
Additions
22,952
3,520
26,472
20,798
20,798
At 31 March 2024
22.952
3,520
20,798
47,270
Depredallon
At l April 2023
Charge for the year
22,333
411
3.335
47
25,668
5,6S8
5,200
At 31 March 2024
22,744
3.382
5,200
31,326
Net book value
At 31 March 2024
138
15,598
15,944
At 31 March 2023
619
185
804
17 Stock
2024
2023
Stock5
6,296
8,727
28

MANCHESTER CARE AND REPAIR
NOTES TO THE FINANCIAL STATEMErirs
FOR THE YEAR ENDED 31 MARCH 2024
18 Debtors
2024
2023
Trade debtors
11,950
20,522
74.966
74,920
22,544
133,198
Prepayments
Accrued income
107,438
230,662
19 Cash and cash equlvalents
2024
2023
Cash on hand
sh at bank
1,730
1.037,028
763,262
1,885
1.045,972
821,497
Cash held for loans to residents
1.802,020
1,869,354
20 Creditors: amounts fallin8 due withln one year
2024
2023
Trade creditors
26,316
112,950}
11,741
763,262
11,640
68,030
54,921
18,7371
1,586
821.497
12.713
87.307
Other taxation and social security
Other creditors
Loans on behalf of Manchester City Council
AccrLJals
Deferred income
868,039
969,387
29

MANCHESTER CARE AND REPAIR
NOTES TO THE FINANCIAL sTATEME￿rs
FOR THE YEAR ENDED 31 MARCH 2024
Manchester Care and Repair holds and manages four funds that are loaned to Manchester
residents to facilitate home repair5 and improvements. These are known as HELP, the Home
Energy Loan Fund totalling £578,513 12023.. £579.2311. PERL Property Essential Renovation
Loan totalling £182.261 {2023= £192.7431. PERL 2 las is PERLI totalling £2,48812023'. £3,565) and
EHCF, Empty Homes Cluster Fund totalling £- (2023: £45,958). These loan5 are Included within
other creditors.
The Funds, the interest eamed on them and the loans as they are repaid may only be used In
accordance with a specific agreement made with Manchester Clty Councll. These Loan Funds are
kept and administered separately from the other funds of Manchester Care and Repair.
Total funds. cash remaining to be loaned to residents and loans outstanding are summ3rised in
the following table.
Totsl
Balan¢¢
Cash held
for loans
Loans
outstandlng
from
residents
resldents
HELP loan
907235
578,513
828,722
PERL loan
245,175
182.261
62,914
PERL2 loan
EHCF loan
Totsl
1,154,898
763262
391,636
30

MANCHESTER CARE AND REPAIR
NOTE5 TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
21 Penslons
The totsl penslon contrlbutlons pald In the year amounted to £66,43812023: £54,737> and at the
balance sheet date PenS￿n contributions of £nil {2023- £nill were outstsnding and are Included
wlthin credltors.
Manchester Care and Repair participates in two pension schemes with The Pension Trust. One
stheme is the Ethical Plan which 15 funded and is not contracted out of the state scheme. The Ethical
Plan is a money purchase pension scheme. At the balance sheet date there were 6 attive members
employed by Manchester Care and Repalr. The other scheme is the Grovrth Plan (the Plan). The Plan
is funded and is not contracted out of the State Scheme. The Growth Plan is a multi*mployer
penslon scheme.
The company participates in the scheme, a multiemployer scheme which provides benefits to some
950 non-a5sociated participating employers. The scheme is a defined I￿nefit scheme in the UK. It is
not possible for the company to obtain sufficient infomiation to enable it to actount for the scheme
as a defined benefit scheme. Therefore it accounts for the scheme a5 a defined contribution scheme.
The scheme Is subject to the funding legislation outlined in the Pensions Act 2004 which came into
force on 30 December 2￿5. This. together wth documents issued by the Pensions Regulator and
Technical Actuarial Standards issued by the Financial Reporting Co¥Jncil, set out the framework for
fundinE defined benelit occupatbonal pension schemes in the UK.
The scheme is dassified as a 'last-man standing arrangement,. Therefore the tompany Is potentially
liable for other participating employers. obligations if those ewnployer5 are unable to meet their
share of the scheme deficit following withdrawal from the scheme. Participating employers are
legally required to meet their share of the scheme deficit on an annulty purchase basis on
wlthdrawal from the scheme.
31

MANCHEsfER CARE AND REPAIR
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
A full actuarial valuation for the scheme was carried out as30 September 2020.Thi5 valuation showed
assets of £8LK).3m, liabiltties of £831.9m and a deficit of £31.6m. To eliminate this fundirE shortfall,
the Trustee has asked the participating employers to pay addwtional contributions to the scheme as
follow5..
Defl¢lt ¢OntrfI￿tIonS
From l April 2022 to 31 January 2025
£3,312.CAX) per annum
{Payab￿ monthtyl
Unless a concesston has been agreèd with the TnLStee the temi to 31 January 2025 applie5.
Note that the scheme's previous valuatKTrn vrds carried out with an effective (late of 30 September
2017. This valuation showed assets of £794.9m, liabilities of £926.4m and a deficit of E131.5m. To
eliminate this fundln8 shortfall, the Trustee has asked the participating employers to pay additional
contrlbutlons to the scheme as follows:
Deficli contrIl￿tl0r
From l Aptil 2019 to 30 September 2025
£11,243,(YX) per annum
{payable monthly and IncreasSng by 3% each
earon l A
The recovery plan COntribut￿nS are allocated to each partiapating employer in line wlth thelr
estlmated share of the Serles l and Series 2 scheme liabilities.
Where the stheme is in deficit and where the company has ag￿e￿ to a deficit funding ar￿ngement
the company recognises a liability for this obligation. The amount fecognised is net present value
of the deficit reduction in contributions payable under the agreement that relates to the deficit. The
present value is calculated using the discount rate detailed in these disclosures. The unwinding of the
distount rate is retognised as a finance cost.
2024
2023
Present value of provi50n
32

MANCHESTER CARE AND REPAIR
NOTES TO THE FINANCIAL sfATEMENf5
FOR THE YEAR ENDED 31 MARCH 2024
Re¢onclliation of openlng and cfoslng provislons
2024
2023
Creditor at Start of period
Unwinding of the discount factor (interest expense)
Deficit contribution paid
Remeasurements- impact of any change in assumptior
Remeasurements- amendments to the contribution schedule
Creditor at end of period
108
170
1621
1621
131
51
Income and expenditure impart
2024
2023
Interest expense
ReMeaSU￿rnent- Impact of any change in assumptions
Remeasurement- amendments to the contribution schedule
Contributions paid in respect of future seNice
Costs recognlsed in Income and expendtture account
131
71
62
62
A55UmPtIDn5
2024
% perannum
5.31
Z023
% per annum
5.52
2022
% perannum
2.35
Rate of discount
The discount rates shown above are the equNalentsingle discount rJte5which. when used to discount
the future recovery plan contributions due, woukl gwe the same results as using a full AA corwirate
bond yield curve to discount thè same recovery plan COntribut￿ns.
33

MANCHESTER CARE AND REPAIR
NOTES TO THE FINANCIAL sfATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Deficit contribution5 schedule
Year endlng
2024
2023
2022
Year I
Year 2
Year 3
52
62
52
62
62
52
The company myst recognise a liability measured as the present value of the contribut￿n$ payable
that arise from the deficfc recovery agreement and the resulting expense in the income and
expenditure account i.e. the unwinding of the discount rate as a finance cost in the period in whlch It
arises.
It is these contributions that have been used to derive the compa[b￿S balance sheet Ilablllty.
Manchester Care and Repair has been nottfted by the Pensions Trust of the estimated employer debt
on withdrawal from the Plan based on the financial poSit￿n of the Plan as at 30 September 2023. As
of this date the estimated employer debt for Manchester G3re and Repair was £13,470130 September
2022.. £18,107).

MANCHESTER CARE AND REPAIR
NOTES TO THE FINANCIAL STATEmE￿r5
FOR THE YEAR ENDED 31 MARCH 2024
2z obllgatlons under leases and hlre purchase contracts
Operatin8 lease commltments
Total future minimum lease payments under non-cancellable operating leases are as follows:
2024
2023
Lènd and buildlngs
Within one year
Between one and five years
39.988
19,421
35,556
49,316
59,409
84,872
Other
Within one year
Between one and five years
821
2,863
1,821
821
4,684
35

MANCHESTER CARE AND REPAIR
NOTES TO THE FINANCIAL STATEMENT5
FOR THE YEAR ENDED 31 MARCH 2024
23 Funds
Balance at
l April
2023
Balance at
31 Marth
2024
Inc•)mlng
Resources
>urres expended
Transfers
Unrestrlrted funds
General
116,278
2,196.714 12.273.215)
168,276
208,053
Designated
1,023,882
1168.276
855,6L
Total funds
1,140,IE
2.196,714 {2,273,2151
1,063,659
Balance at
l Aprll
2022
Balan￿ at
31 March
2023
Incomin8
resources
Resources
expended
Transfers
Unrestrlcted funds
General
179,841
2,058.746 12.120.2081
12,101)
116,278
Designated
1,021,781
2,101
1,023,882
Totsl funds
1.201,622
2.058.746 12,120,208)
1,140,160
The designated reserves are held to cover liabilttses of leases and paymll etc. in the event that the
organisation ceases to operate.
The Board currently needs to hold £ 855.606 at the end of March 2024 in order to be confident
that it can meet it potential commitments. There are proposals to invest in organisation
activities that further the purposes of the organisation or improve the infrastructure, resilience
and sustainability of the organisatlon.
36

MANCHESTER CARE AND REPAIR
NOTES TO THE FINANCIALSTATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
24 Analysls of net assets l)etween furNIs
Unrestrfcted
fund5
General
Totsl funds at
31 MaKh
2024
Tangible fixed assets
Current a55ets
Curreni Ilabilities
15,944
1,915,754
1868,0391
15,944
1.915,754
1868,0391
Total net assets
1,063,659
1,063,659
Unrestricted Totsl funds at
funds
31 Marth
Gernral
2023
Tangible fixed a￿t$
Current assets
804
2,108,743
1969,3871
2.108,743
1969.3871
Current liabilltles
Totsl net assets
1,140,160
1.140,160
25 Analysls ol net funds
At l Aprfl
2023
Finan¢lng
sh Ilows
At 31 March
2024
Cash at bank and in hand
Loans
1,869.354
1821.4971
167,3341
58.235
1,802,020
1763,2621
1,047.857
19,0991
1.038,758
Net debt
1,047.857
At i Aprfl
2022
I9,(￿9)
financlng
cash flows
1.038,758
At 31 March
2Q23
Cash at bank and in hand
Loan5
2,089,627
818,8371
1220.2731
12,6601
1222,9331
1,869,354
1821,4971
1,270,790
1,047,857
Net debt
1.270,790
1222,933
1,047,857
37