## 



## 

## 

|Trustees|||Graeme Carrick|||
|---|---|---|---|---|---|
||||Kay Carrick|||
||||Lisa Carrick|||
||||Michael Carrick|||
||||David Giess|||
||||Joanna Tongue|||
||||Nicholas White|||
||||Paul Rao|||
|Charity number|||1172488|||
|Company|number||10626751|||
|Registered||office|Brabners<br>LLP, 9th|Floor||
||||100Barbirolli Square|||
||||Manchester|||
||||M2 3AB|||
|Independent||examiner|Mitchell Charlesworth||(Audit) Limited|
||||3rd Floor|||
||||44 Peter Street|||
||||Manchester|||
||||M2 SGP|||
|Bankers|||Arbuthnot<br>Latham|gi Co Limited||
||||Arbuthnot<br>House|||
||||7Wilson Street|||
||||London|||
||||EC2M 2SN|||





## 

||||Page|
|---|---|---|---|
|Trustees'<br>report|||1-3|
|Independent|examiner's|report||
|Statement of|financial activities|||
|Balance sheet||||
|Statement of|cash flows|||
|Nates tothe financial statements|||8-17|





## 

## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 



## 

## 

## 



## 

## 

## 

## 

## 



## 

## 

## 

|||||Unrestricted|Unrestricted|
|---|---|---|---|---|---|
|||||funds|funds|
|||||2023|2022|
||||Notes|6|8|
|Income from:||||||
|Donations<br>and|legacies|||10,475|23,62&|
|Charitable<br>activities||||116,613|34,619|
|Investments||||23,595|26,949|
|Totalincome||||150,683|85,196|
|E~Ch||||||
|Raising funds|||5|82,071|11,681|
|Charitable<br>activities|||6|174,773|134,024|
|Total expenditure||||256,844|145,705|
|Net gains/(losses)||on investments|11|(88,039)|35,230|
|Net movement|in|funds||(194,200)|(25,279]|
|Fund balances|at|1April 2022||1,217,248|1,242,527|
|Fund balances|at|31March 2023||1,023,048|1,217,248|





## 

## 

## 

|||||||||2023|2D22|2D22||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||6|8|||
|Fined assets||||||||||||
|Irwestments|||||||||973,681||1,074,190|
|Currant assetS||||||||||||
|Debtors||||||||4,90D||||
|Cash at bank||and in|hand||||157,845||183.159|||
||||||||162,745||163,1.59|||
|Creditonn<br>amounts|||falling due within one|||||||||
|year||||||16|(113.378)||il20,201l|||
|Net cunent|assets||||||||49,367||143,DSS|
|Total assets|less currant|||liabilities|||||1,023,04S||1,217,248|
|Income funds||||||||||||
|Unrestricted||funds||||||||||
|Designated|funds|||||18|851,000||851,000|||
|G en<br>em i unrestricted|||funds||||172,048||366,248|||
||||||||||1,023,048||1,217,248|
||||||||||1,023,048||1,217,248|
|The company||isentitled||tothe exemptmn|from|the audit|requirement|contained|in secdon 477ofthe Companies|Act|2006, for|
|the year ended 31March||||2D23.||||||||





## 

## 

## 

|||||2023||2022||
|---|---|---|---|---|---|---|---|
||||Notes|f||f||
|Cash flows from operating|activities|||||||
|Cash absorbed<br>by operations|||23||(41,379)||(140,198)|
|Investing activities||||||||
|Purchase of investments||||(403,945)||(275,455)||
|Proceeds on disposal of investments||||416,415||263,993||
|investment<br>income received||||23,595||26,949||
|Net cash generated<br>from|investing|activities|||36,065||15,487|
|Net cash used in financing|activities|||||||
|Net decrease in cash and|cash equivalents||||(5,314)||(124,711)|
|Cash and cash equivalents|at beginning ofyear||||163,159||221,790|
|Cash and cash equivalents|at end ofyear||||157,845||163,159|





## 

## 

## 

## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

||||Unrestricted|Unrestricted|
|---|---|---|---|---|
||||funds|funds|
||||2023|2022|
||||6|6|
||Donations|and gifts|10,475|23,628|
|3|Charitable|activities|||



|2023|2022|
|---|---|
|6|6|
|116,613|34,619|



||||||
|---|---|---|---|---|
||Other fundraising|activities|116,613|34,619|
|4|Investments||||
||||Unrestricted|Unrestricted|
||||funds|funds|
||||2023|2022|
||||6|6|
||Income from listed|investments|23,267|26,854|
||Interest receivable||328|95|
||||23,595|26,949|



||||Unrestricted|Unrestricted|
|---|---|---|---|---|
||||funds|funds|
||||2023|2022|
||||6|6|
|fundraisin|and|ublicit|||
|Raising funds|||82,071|11,681|
||||82,071|11,681|





## 

## 

|6|Charitable|activities|activities||||
|---|---|---|---|---|---|---|
||||||Charitable|Charitable|
||||||activities|activities|
||||||2023|2022|
||||||6|6|
||Grant funding||of activities (see note 7)||103,483|85,500|
||Share of support costs (see note 8)||||55,080|26,571|
||Share of governance|||costs (see note 8)|16,210|21,953|
||||||174,773|134,024|



||||Charitable|Charitable|
|---|---|---|---|---|
||||activities|act Iv It Ias|
||||2023|2022|
||||6|6|
|Grants to|institutions:||||
|Manchester||United Foundation|43,900|33,000|
|Vyagsend|Boys Club||37,916|17,500|
|Newcastle||United Foundation|21,667|35,000|
||||103,483|85,500|





## 

## 

## 

|8|Supportcosts|Supportcosts|Supportcosts||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||Support costs|Governance|2023|Support costs|Governance|2022|
|||||||costs|||costs||
||Consultancy||fees||55,080||55,080|26,571||26,571|
||Legal and|professional|||||||1,179|1,179|
||Investment||management||||||||
||fees|||||11,015|11,015||15,391|15,391|
||Independent||examiners'|fee||5,195|5,195||5,383|5,383|
||||||55,080|16,210|71,290|26,571|21,953|48,524|
||Analysed|between|||||||||
||Charitable|activities|||55,080|16,210|71,290|26,571|21,953|48,524|



## 

## 

## 

||||Unrestricted|Unrestricted|
|---|---|---|---|---|
||||funds|funds|
||||2023|2022|
||||E|E|
|Revaluation|of|investments|(83,533)|4,063|
|Gain/(lass)|on|sale of investments|(4,506)|31,167|
||||(88,039)|35,230|



## 



## 

## 

## 

## 

|||||ListedCash|in portfolio|Other|Total|
|---|---|---|---|---|---|---|---|
|||||investments||investments||
|||||E||||
|Cast or valuation||||||||
|At 1April 2022||||1,064,411|9,778||1,074,190|
|Additions||||403,945|||403,945|
|Valuation<br>changes||||(83,533)|||(83,533]|
|Movement|in cash||||31,043||31,043|
|Disposals||||(451,962)|||(451,962]|
|At 31March|2023|||932,861|40,821||973,683|
|Carrying amount||||||||
|At 31March|2023|||932,861|40,821|1|973,683|
|At 31March|2022|||1,064,411|9,778|1|1,074,190|
|||||||2023|2022|
|Other investments||comprise.|'||Notes|E|E|
|Investments|in subsidiaries||||21|||



|Financial|instruments|instruments||||2023|2022|
|---|---|---|---|---|---|---|---|
|||||||E|E|
|Carrying|amount|offinancial|assets|||||
|Debt instruments||measured|at amortised|cost||||
|Equity instruments||measured|at cost less|impairment||40,821|9,778|
|Instruments<br>measured<br>at fair value through|||||profit or loss|932,859|1,064,411|
|Carrying|amount|offinancial|liabilities|||||
|Measured|at amortised cost|||||113,378|20,101|
|Debtors||||||||
|||||||2023|2022|
|Amounts|falling due within||one year:|||E|E|
|Prepayments<br>and||accrued income||||4,900||





## 

## 

## 

## 

|||||2023|2022|
|---|---|---|---|---|---|
|||||8|8|
|Trade creditors||||72,194||
|Amounts|owed to subsidiary||undertakings|1|1|
|Accruals|and deferred|income||41,183|20,100|
|||||113,378|20,101|





## 

## 

## 

## 

||||||Movement|in funds|||Movement<br>in funds|Movement<br>in funds|Movement<br>in funds||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||Balance at|Incoming|Resources|Transfers|Revaluations,|Balance at|Incoming|Resources|Revaluations,|Balance at|
||||1Aprn 2021|resour«es|expended||gains and losses|1April 2B22|resources|expended|gains and losses|31March 2023|
||||6||6|6|6|6||6|6||
|General unrestricted||fund|336,027|85,196|(145,705)|55,500|35,23D|366,248|150,683|(256,844)|(88,039)|172,048|
|Designated|fund||906,500|||(55,500)||851,00D||||851,0DD|
||||1,242,527|85,196|(145,705)||35,230|1,217,248|150,683|(256,844)|(88,039)|1,023,048|





## 

## 

## 

## 

||||||||||Movement|in||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||funds|||
|||||||Balance at|Tmnsters|Balance at|Incoming||Balance at|
||||||1|April 2021||1April 2022|resources||31March 2023|
|||||||f.||f||||
|Designated|for|future|known|spend||906,500|(55,500(|851,000|||851,000|
|||||||906,500|(55,500)|851,000|||851,000|



## 

|Analysis ofnet assets between funds||||
|---|---|---|---|
|||Unrestricted|Unrestricted|
|||funds|funds|
|||2023|2022|
|||f|f|
|Fund balances at 31March 2023 are represented|by:|||
|Investments||973,681|1,074,190|
|Current assets/(liabilities]||49,367|143,058|
|||1,023,048|1,217,248|





## 

## 

## 

|Name of undertaking|Registered|Nature of business|Class of|%Held|%Held|
|---|---|---|---|---|---|
||office||shares held|Direct|Indirect|
|MCF Trading 2017 Limited|England &Wales|Dormant|Ordinary|100.00||



|23|Cash generated<br>from operations|Cash generated<br>from operations||2023|2022|
|---|---|---|---|---|---|
|||||E|E|
||Deficit for the year|||(194,200)|(25,279]|
||Adjustments<br>for:|||||
||Investment<br>income recognised|in statement|of financial activities|(23,595]|(26,949]|
||Loss/(gain)<br>on disposal ofinvestments|||4,506|(31,167]|
||Fair value gains and losses on investments|||B3,533|(187,535)|
||Movements<br>in working capital:|||||
||(Increase)<br>in debtors|||(4,900)||
||Increase<br>in creditors|||93,277|13,340|
||Cash absorbed<br>by operations|||(41,379)|(257,590]|
|24|Analysis ofchanges<br>in net funds|||||
||The charity had no debt during|the year.||||