REGISTERED COMPANY NUMBER: 02572530 (England and Wales) REGISTERED CHARITY NUMBER: 1173366 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR MANCHESTER CRAFf AIYD DESIGN Spurling Cannon Chartered Certified Accountants 424 Margafr Road Westwood Ramsgate Kent CT12 6SJ
MANCHESTER CRAFT AND DESIGN CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page Report of the Trustees I to 5 Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 10 to 15 Detailed Statement of Financial Acttvities 16 to 17
MANCHESTER CRAFT AND DESIGN REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The trustees who are also directors of the charity for the puryoses of the Companies Act 2006, present their report with the fmancial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). The objects of Manchester Craft and Design (MCAD) as set out in its Memorandum and Articles of Association are to foster and pr()mote the advancement of education of the public in contemporary visual art, craft and design by developing artistic understanding and participation in visual arL craft and design and by stimulating and promoting high standards of visual arts practice, craftsmanship and design and by providing greater access to the arts to the public. OBJECTIVES AND ACTtVITIES Objeclives and Aims Strategic Aims & Objectives l) Create space and activities for craft and community to flourish 2) NUrtLe and celebrate the talent of prnctitioners and makers 3) Be a powerful advocate in our sector and to fi]nders for craft and making 4) Ensure financial, social and environmentsl sustainabtlity for MCAD Significant activities In 2023 to 2024 MCAD delivered the following: 3 Exhibitions with 6 exhibiting artists.. 150th Building Anniversary Exhibition, Co-created Community Exbibition with Venture Arts and Manchester Metropolitan University Graduate Exhibition. Attended by 127,765 visitors. 14 workshops with 347 attendees and 69 events with 4957 attendees. Hosted 18 schools and 565 students, held 2 work placements for BA Hons Students. Delivered Hands On. our bi-annual emerging makers from under-represented groups support pmgramme in partnership with Great North¢rn Cont¢mpor&ry Crnft Fair, 3 Makers received in depth creative business support from MCAD, had ae$S to 3 peer mentors, opened a temporary shop in MCDC, had a bursary, stall and workshop opportlmities at GNCCF. 3 graduate and emerging maker pop-up shops Visitors We welcomed 138,150 people to the Centre. Figures were 23 % higher than the previous year of 2022-23. We continue to build on our offer and create opportunities for everyone to engage in craft, design and tbe centre.our demographics for 2023 to 2024 are: 720/0 of our visitors are female, IW/o are ma]e, /0 prefer not to say. 42% of our visitors were in the 20s. Ethnicity: 180/0 identified within Global Majority, 750/0 of visitors identified as Ivhite (Britisbllrish 61 %) while 70/0 preferred not to say. 130/0 are either Dldeaf or disabled and 21 % are neurodivergent. MCAD will continue as a priority to WO towards increasing engagement with underr¢present¢d groups within th¢ craft and design sector. Page I
MANCHESTER CRAFT AND DESIGN REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 OBJECTIVES AND ACTIVITIES Public benefit The ThteeS review MCAD'S outcomes through quarterly management reports, and the annual review process, in order to monitor the impact of its activities with regard to the audiences that the charty is established to serve. It is the Trustees, intention to ensure that MCAD continues to play a unique role in providing accessible opportwiities for the benefit of Manchester residents alongside wider audiences to engage with visual ait craft and design. Supporting new talent and working with the wider craft and design sector to help us deliver our charitable aims. It is also a priority for the Trustees to rther the diversity, r¢ach and impact of our work. In considering the public benefit of the charity the trustees have had due regard to the Charity Commission's guidance on Pubjic BenefiL and have referred to tbis wben reviewing the charity's a]ll and objertives and planning firture activÉties. Vision and Values MCAD is Manchester's space for craft, community and making. We promote craft in all its forms, expanding the defmition and relevance of craft for everyone. We nurture and develop emerging and established talenL support viable CTeative careers, and showcase innovative and ambitious craft pra¢ti¢¢s. MCAD is a place of enterprise, production and creativity and reflects the Ticb diversity of Manchestees 21st century communities. We welcome everyone to experience and engage with making and our creative community. We safeguard a space for everyday creativity in the heart of the Northern Quarter and look outW8rds beyond our buÉldtng. Values All our work will be developed through the lens of equality and enviromnental sustainability. These are intrinsic values placed at the heart of our decision-making: l) Welcoming 2) Transparent 3) Supportive 4) Empowering 5) Vibrant Volllnteers We have 15 regular volunteers for MCAD (our 2023 to 26 target is 18 sustained.) who give their ti]ne to support the harity to which we are grate1. The volunteers ar¢ supported by a (short-terni funded) volunteer coordinator to ensure their experRence is the best and their voices beard. Volunteers covered 364 hours volunteering in 2023 to 2024. Volunteers support a rdnge of activity for the Charity inclusiv¢ of exhibition5, events and workshops alongside welcoming people to our building during the busier periods (weeken(ts for instance). Our ambition is that in 2024 to 25 volunteers will have received different types of craft training and will be delivering their own volunteer led publi¢ workshops for visitors. Online pr¢s¢nce MCAD continues to widen its online Presence in 2023124 which is demonstrated t]]rough the figures below: 73,236 visitors (of which 53,066 were unique) engaged with our revised website. We experienced a slight increase on followers via InstagTam, reaching over 20,000 and stsbilized our followers via other social networfis. Our e-newsletter now has a 450/0 open rate which surpasses the National average of 3711/0. Our profile continues to widen by our active press presence in 2023124 featuring in various publications. Page 2
MANCHESTER CRAFT AND DESIGN REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 FINANCIAL REVIEW Financial Position MCAD has robust fmanciaI policies and procedures that support our aims and objectives. Perforn]ance is monitored through quarterly fmancial reports reviewed at Finance Sub-conllnittee and Board meetings, with financial controls set out in our Schedule of Delegation. During the period 2023 to 2024 MCAD has received support from Arts Council England via its National Portfolio, Radcliffe Trust to support our emerging makers proaMMe. Awards for All and The Postcode Lottery to support our volunteer programme and Neighbourhood Investment Funding to provide free craft based activities to break down barriers to access. Res¢rv¢s poliey To ensure fmancial viability of Manchester Craft & Design and its ability to meet its ongoing commitments, the charity will endeavour to maintain sufficient reserves to cover a minimum of six months u]]restricted expenditLWe. Management action with approval by the full Board of TTUStees will be required should this fund diminish below the above calculated reserve requirement. The reserves fimd wÈll be managed and monitored at each Finance & General Puryoses (F&GP) Sub Committee meeting and reported back to the full Board of Trustees within the fmancc r¢porting procedures. The calculated reserves fid will be reviewed quarterly to ensure it takes account of changing circumstances. Tbe full reserves policy will be reviewed annually. This review will consider various scenarios, fUtLe needs and opportunities FUTURE PLAI¥4S Plans for future periods As MCAD looks forward to the year ahead, our focus turns to enhancing our strategic aims and objectives set out above. We will continue to widen enhance our offer of programmes, workshops. exhibitions and events that sllpport connection, engagement, education, inspiration and leadership in craft and design. As MCAD continues to be an Arts Council EnglaniL National Portfolio Organksation for the period 2023 to 2026. We have set out strong key deliverables to achieve in this period inclusive of reducing our environmental impact as an organisation. move forward with actioning culture change within the craft sector, widen and engage our audience networks, and continue to be a leader of excellence in Craft. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trusL and constitutes a limited company, limited by guarantee, as defmed by th¢ Companies Act 2006. Directors and Trust¢¢s MCAD is governed by a Board of directors who are also its trnstees. The directors who served during the year are listed on page one of the annual reporL The directors are appointed by members at Annual General meetill. The Board may co-opt directors at quarterly meetings, but new directors are appointed at the AGM. The Board of directors meet at least 4 times per year to review 5trdtegy, policy, operational plans, budget and fmance control, and risk management. In addition, the Finance and General Ptuposes sub4ommittees meet quarterly to review income and expenditure and all fjnancial matters. The Board of Directors continue to work closely with Stefanie Wyke (Creative Director) and John Lucas (Company SecretarylFinan¢e Offi¢¢r). Dates and Names are listed in the fwst section. Page 3
MANCHESTER CRAFf AND DESIGN REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure MCAD is a charitable company limited by guarantee (England and Wales) and became a registered charity on 12th June 2017. The company was rst incorporated on 9th January 1991. The company was established under a memorandum of association which sets out the objects and powers of the charitable company and is governed under its articles of association, the most recent of which was approved by the Board on 9th March 2016. Induction and training of new trustees BoaTd succession is managed through fed tern)s of office, and regular skills audits to identify gaps in relation to the Business Plan. Board members are recruited through advertising via appropriate channels, and by existing Board directors suggesting potential candidates. Board applicants are invited to complets an expression of interes¢ meet the nlembers of the Board of Directors and MCAD Creative Director. th ac¢ordance with clause 44 of MCAD'S Articles, Board members have red terns of office and must retire when they reach their terni. 3 trustees were recruited during this period, Bernadette Bone, Paula Watt and Yekta BakiTiloglu and appointed at MCAD AGM 15th November 2022. Julie Platt the Chair of the Board resigned on 15 March 2023, having been a trustee since 2015 and served as Chair since 2018. The Board had agreed that her tenn w&s extended to provide stability d]ng the pandemic. Jack Kirby and Jennifer Tegg on the Board of Directors took the position of shared Interim Co-chair commencing 15th March 2023 to 15th November 2023. Ellma Anderson (Chair) was appointed to wst on the 17th November 2023. Key Partnerships and Networks In 2023 to 2024 MCAD continue5 to be fided as a National Portfolio Organisation of Arts Council England 2023 to 2026, for work that delivers to their strategic prtorities. The charity has a Memordndum of Understanding with Manchester School of Art (Manchester Metropolitan University). University of Bolton and Manchester College to pmvide opportunities for students and graduates. MCAD contributes Stairg and Activity fimds to tbe Northwest Craft Network and sits on theiT Steering Group, MCAD is a member of the national Craft UK network, and participates iu a range of cuitut71 sector fonuns. Related parties MCAD established MCAD EnteriseS Limited on 24th ApTtI 2016 (company no.10143710) to carry out non-charitable trading artiviti¢s. Und¢r the Articles of the company any profits and gains arising frorn these activities will be paid to MCAD. Risk Management The Board is responsible for managing the risks of the organisation. Risks are reviewed at quarterly Board meetings with processes put in place to mitigate identified risks. The controls that the Board uses are: Forn)al agendas for all Board meetings Business Plan including risk register reviewed at quarterly Board meetings via management reports Quarterly financial reports monitored by the Finance & General Sub-committee, reporting to quarterly Board meetings. Established organisational strucmre and lines of reporting Schedule of Delegation setting out fmancial controls REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 02572530 (England and Wales) Registered Charity number 1173366 Page 4
MANCHESTER CRAFT AND DESIGN REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Registered olee 17 Oak Street Manchester M4 5JD Trustees S R Anwar Entrepreneur Ms K J Ashton Museum Director (resigned 161512024) Ms I K Brown Consultant And Project Director (resigned 1511112023) Professor M D Evans Professor W D Hart Lettercarver And Sculptor (resigned 1511 I023) J D Kirby Head Of Collections SeNices Mrs J Tegg Marketing Consultsnt M J Woodward Culture & Heritage Consultant Ms R J Kllight Head Of Exhibitions Ms E J C Anderson Museum Director (appointed 1711112023) Dr Y Bakiriloglu Senior Lecturer In Design Management (appointed 1511112023) Ms B C Bone Conservation Architect (appointed 1511112023) Ms P Watt Post 16 Send Project Manager (appointed 1511112023) ldep¢lldent Examiner Spurling Cannon Chartered Certified Accountants 424 Margate Road Westwood Ramsgate Kent CT12 6SJ 14th November 2024 Approved by order of the board of trnstees on ............................................ . alld skgned on its behalf by: Ms E J C Anderson - Chair Page 5
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MANCHESTER CRAFT AND DESIGN Independent examiner's report to the trustees of Manchester Craft and Design {'the Company,) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024. Responsibilities and basis of report As the charity's trustees of the Company (and also its directors for the puOSeS 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 charity's accounts as Calea out under Section 145 of the Charities Act 2011 ('the 2011 Act,). In canying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) 0)) of the 2011 Act. Independent examiner's ststement I have completed my examination. I conf]rn that no matters have come to nly attention in connection with the examination giving me cause to believe: accounting records were not kept in respect of the Company as required by Sectton 386 of the 2006 Act. or the accounts do not accord with those records. or 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 the accounts have not been prepared in e0rdance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charitie5 (applicable to charities preparing their accounts in a¢cordan¢¢ with the Fillancial 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. Richard Phillpott MAAT FCCA Spurling Cannon Chartered Certified Accountallts 424 Margate Road Westwood Ramsgate Kent CT12 6SJ Date: ...... Page 6
MANCHESTER CRAFT AND DESIGN STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 IVLARCH 2024 2024 Total funds 2023 Total funds Unrestricted funds Restricted fimds Notes INCOME AND ENDOWMENTS FROM Rental, grant and other income 204J73 19,569 223,942 197,860 Bank interest 2,715 2,715 Total 207 088 19,569 226 657 199,292 EXPENDITURE ON Charitable aetivities General 161,650 18,846 180,496 214,204 Other 44.436 706 35,373 Total 206 086 19 249 577 NET JNCOME/(EXPENDITURE) Transfers between funds 1,002 li 17 li 1.019 (50,285) Net movement in funds 1,013 1,019 (50.285) RECONCILIATION OF FUIYDS Total funds brought forward 111,738 14,441 126,179 176,464 TOTAL FUM)S CARRIED FORWARD 112,751 14,447 127,198 126,179 The notes forni part of these fllmncial statements Page 7
MANCHESTER CRAFf AND DESIGN BALANCE SHEET 31 MARCH 2024 2024 Total funds 2023 Total funds Unrestricted funds Restricted funds Notes FIXED ASSETS Tangible assets Investments io io 10 13 13 13 CURRENT ASSETS Debtors Cash at bank and in hand 13,801 128,494 13,801 142,941 10,711 143 135 14,447 142,295 14,447 156,742 153,846 CREDITORS Amounts falling due within one year {29,55 (29,557) (27,680) IYET CURREIYT ASSETS 112,738 127 185 126.166 TOTAL ASSETS LESS CURRENT LIABILITIES 112.751 14,447 127,198 126,179 NET ASSETS 112.751 14,447 127 198 126,179 FUM)S Unrestricted funds Restricted funds 112,751 14,447 111,738 14.441 TOTAL FUNDS 127,198 126,179 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024. The members have not required the company to obtain an audit of its fmancial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006. The trnstees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting record5 that comply with Sertions 386 arAd 387 of the Companies Act 2006 and (b) preparing fmancial statements which give a true and fair view of the state of affairs of the charitsble company as at the end of each fll]ancial year and of its SUTplus or deficit for each fjnancial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to fmancial statements, so far as applicable to the charitable company. The notes forni part of these financial statements Page 8 continued...
MANCHESTER CRAFf AND DESIGN BALANCE SHEET - continued 31 MARCH 2024 These fmancial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The fmancial statements were approved by the Board of Tnjstees and authorised for issue on 14th..Novembe¥.2.024nd were signed on its behalf by.. E J C Anderson - Chair Type text here The notes forn] part of th¢s¢ fmancial statetnents Page 9
MANCHESTER CRAFT AND DESIGN NOTES TO THE FINANCIAL STATEllNTs FOR THE YEAR Ef4DED 31 IIIARCH 2024 ACCOUNTING POLICIES Basis of preparing the finaneial statements The fmancial statements of the charitable company> which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective l January 2019),, Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The fmancial statements have been prepared under the historical cost convention, with the exception of investments which are included at market vaJu¢. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds. it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure &$ soon as there is a legal or constrnctive obligation committing the chaTity to that expenditure, it is probable that a transfer of economic b¢n¢fits will be required in settlement and the amount of the obligation can be measured reliably. Exp¢nditure is accounted for on aJ] aCcrL1S basis and has been Classified under headings that aggregate all cost relatsd to the category. Where Costs cannot be directly attributed to particular headings they have been aIlocated to activities on a basis consistent with the use of resources. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. T2X2tion The charity is exempt from corporation tax on its charitable activities. Fund aeeounting Unrestrtcted fimds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the cbarity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Pension costs and other post-retirement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheJne are charged to the Statement of Financial Activities in the riod to which they relate. BANK INTEREST 2024 2023 Interest earned 1,432 Page 10 continued...
MANCHESTER CRAFf AND DESIGIY NOTES TO THE FINANCIAL STATEIVIENTS - continued FOR THE YEAR EIYDED 31 MARCH 2024 TRUSTEES, RETrtUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees, expenses There were no 31 March 2023. trustees, expenses paid for the year ended 31 Twlarch2024 nor for the year ended COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds Restricted fimds Total fimds INCOME AND ENDOWMENTS FROM Rental, grant and other income 83,639 114,221 197,860 Bank interest 1.432 Totsl 114221 199 292 EXPENDITURE ON Charitable activiti General 101.922 112.282 214,204 Other 35.373 Total 137,295 112,282 249,577 IYET INCOTrtEI(EXPENDTTURE) Transfers between funds (52,224) 1.939 (50,285) Net movement in funds (53,546) 3261 (50285) RECONCILIATION OF FUNDS Total fimds brought ftlrward 165284 11,180 176,4fv1 TOTAL FUIYDS CAIUiKED FORWARD 111738 126,179 TANGIBLE FIXED ASSETS Plant and machin¢ry COST At l April 2023 and 31 Mah 2024 DEPRECIATION At l April 2023 and 31 March 2024 NET BOOK VALUE At 31 March 2024 At 31 March 2023 Pagell ontinued...
MANCHESTER CRAFT AND DESIGN NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 FIXED ASSET INVESTMENTS Shares in group undertakings MARKET VALUE At l April 2023 and 31 March 2024 io NET BOOK VALUE At 31 March 2024 io At 31 March 2023 io There were no investment assets outside the UK. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debtors Prepayments 12,285 1,516 8,950 1,761 13.801 10.711 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors SOCI security and other taxes Other creditors Accrued expenses 2,192 1,996 17,720 4,662 1,654 18,364 29,557 27,680 MOVEMENT JN FUNDS Net movement in funds Transfers between fidS At 3113124 At 114123 Unrestricted funds General fund 111,738 1,002 li 112,751 Restrieted funds MCC Culturdl Partnership Radcliffe TnASt ACE NPO 202312024 Kate Day fund Postcode Lottery Awards for All 4?73 5,000 li 5,057 (4,373) (5,000) (li) 661 5,033 5,718 5,033 17 li TOTAL FUNDS 126 179 127 198 Page 12 continued...
MANCHESTER CRAFT AND DESIGN NOTES TO THE FINANCIAL STATEMENTS - eontinued FOR THE YEAR ENDED 31 MARCH 2024 MOVEMENT IN FUNDS - continued Net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unr¢stricted funds General fund 207,088 (206,086) 1,002 Restricted funds MCC Cultural Partnership Radcliffe Trust Kate Day fund Postcode Lottery Awards for All 2,610 (6,983) (5,000) (16) (1,749) (4,373) (5,000) 661 5.033 3,696 677 6,782 19,552 17 TOTAL FUNDS 226 657 225 638 cOparatiVeS for movement in funds Net movement in funds Transfers between fLU]ds At 3113123 At 114122 Unrestricted funds Genera] 165.284 (52224) (1,322) 111.738 Restricted funds Arts Council NPO 202112022 MCC Cultural Partnership National Lottery Community Fund Radcliffe Trnst ACE NPO 202312024 Evergreen Fund Kat¢ Day fund 2.619 (2,619) 4,373 (8,578) 5,000 (2,608) (1,305) 4,373 8,561 17 5,000 2.619 1,305 TOTAL FUNDS 50 126 179 Page 13 continued...
MANCHESTER CRAFT AND DESIGN NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 MOVEMENT IN FUNDS - eontinued Compardtive net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 85,071 (137,295) (52,224) Restricted funds MCC Cultural Partnership National Lottery Community Fund Radcliffe Trnst ACE NPO 202312024 Evergreen Fund Kate Day fund 15,792 (11,419) {8,578) 4,373 (8,578) 5,000 (2,608) (1,305) 5,000 81,472 6,900 (84,080) (8,205) 114221 112282 TOTAL FUNDS 199,292 249.577 50285) A current year 12 months and prior year 12 months combined position is as follows: Net movement ill funds Transfers between funds At 3113124 At 114r22 Unrestricted funds General lld 165284 (51,222) (1,311) 112.751 R¢stricted funds Arts Council NPO 202112022 National Lottery Community Fund ACE NPO 202312024 Evergreen Fund Kate Day flmd Postcode Lottery Awards for All 2,619 8,561 {2,619) 17 2,608 1.305 (8.578) (2,608) (1.305) 5,718 5,033 5,718 5,033 3.696 TOTAL FUNDS 176464 127 198 Page 14 continued...
MANCHESTER CRAFT AND DESIGN NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 MOVEMENT IN FUNDS - eontinued A current year 12 months and prior year 12 months combined net movement in fund& included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 292,159 (343,381) (51,222) Restricted funds MCC Cultural Partnership National Lottery Community Fund Radcliffe Trust ACE NPO 2023r2024 Evergreen Fund Kate Day fund Postcode Lottery Awards for All 18,402 (18,402) (8,578) (5,000) (84,080) (8,205) (16) (1,749) (8,578) 5,000 81,472 6,900 5,734 6,782 (2,608) (1,305) 5,718 5,033 3.696 133 790 131834 TOTAL FUNDS 425.949 475 215 io. RELATED PARTY DISCU)SURES During the year Manchester Craft and Design provided employee services to MCAD EnteriseS Ltd for the sum of £16,999.92 2023: (£17,000.00) Page 15
MANCHESTER CRAFf AND DESIGN DETAILED STA TEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 INCOME AND ENDOWMENTS Rental* grant and other ineome Rents received Donations Grants Tnts & foundations Sundry income Wages costs recharged 93,052 8,882 104,682 61,604 7,617 104,164 7,000 475 326 17.000 223,942 197,860 Bank interest Interest earned 1,432 Total incoming resourees 226,657 199292 EXPENDITURE Charitable activities Wages Social svrIty Pensions 118,249 3,646 2.194 100,387 2,333 1.703 124,089 104,423 Other Premises costs Cleaning costs Repairs & maintenance 20,440 13,237 14273 12,189 8.911 45,142 35,373 Support costs Management Staff training 770 1,836 Finanee Bank charge5 262 248 Other 2 Insurance & s¢curity Exhibition & advertising costs Office costs inc IT Telephone Postage and stationery Admin & c(Fordinator Freelance fees Carried forward 2?60 24,894 4,561 4,641 1,513 5252 2,612 25.705 5,979 4,004 1,336 11,374 34,200 85,210 43221 This page does not forn] p8rt of the statutory fmancial statements Page 16
MANCHESTER CRAFT AND DESIGN DETAILED STA TEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Other 2 Brought forward Freelance support Consultancy Legal fees Donation to makers 43,221 3,400 61 85,210 3,870 6,260 7,443 51,182 102,783 Governance sts Sundries Accountancy fees 323 3*70 672 4.242 4,914 Total resources expended 225 638 249 577 Net ineomel(expenditure) 50.285 This page does not fonn part of the statutory fancial statements Page 17