REGISTERED COMPANY NUMBER: 02572530 (England and Wales) REGISTERED CHARITY NUMBER: 1173366 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR EIYDED 31 MARCH 2025 FOR riiANCHESTER CRAFT AND DESIGN Spurling Cannon Chartered Certified Accountants 424 Margate Road Westwood Ramsgate Kent CT12 6SJ
MANCHESTER CIL4FT AND DESIGN CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Page Report of the Trustees Independent Examinerls Report Statement of Financial Activities Balance Sheet Notes to the Financi21 Statements 10 to 15 Detailed Statemellt of Financial Activities 16 to 17
MANCHESTER CRAFT AND DESIGN REPORT OF THE TRUSTEES FOR THE YEAR ENDED 3 1 MARCH 2025 The trustees who are also directors of the charlty for tbe purposes of the Companies Act 2006, present tb¢ir report with the financial statements of the charity for th¢ year ended 31 March 2025. The trnstees have adopted the provisions of Accounting and Reporting by Chariti¢s'. Statement of R¢comnended Practice applicabl¢ to charities preparing their accounts in accordance with the Financial Reporting Standard applicable An th¢ UK and Republic of treland (FRS 102) (effective l January 2019). The objects of Manchester Craft and Design (MCAD) as set out in its M¢morandum and Articles of Association are to foster and promote the advancement of education of the public in contemporary visual arL craft and design by developing artistic understanding and participation in visual art, craft and design and by stimulating and promoting high stsndards of visual arts pra¢tic¢, craftsmanship alld design and by providing greater access to the arts to thc public. OBJECTIVES AND ACTIVITIES Objeetives and Aims Strategie Aims & Objectives l) Create space and activiti¢s for craft and community to flourish 2) Nurture and celebrate the Éalent of practitioners and makers 3) Be a powerful advocate in our sector and to funders for craft and making 4) Ensur¢ financial. social and environtnental sustainability for MCAD Page I
MANCHESTER CRAFf AND DESIGN REPORT OF THE TRUSTEES FOR THE YEAR Ef4DED 31 MAJiCH 2025 OBJECTIVES AND ACTIVITIES Activities 2024-25 In 2024 to 2025 MCAD d¢liv¢red the following: 3 Exhibitions with 7 exhibxtÈng artists: Studio Critical, earth to heart (in partnership with 42nd St) and Movement Through Materiality (Manchester Met Graduate Award show). Attended by 157,105 visitors. 19 workshops with 332 att¢ndees and 63 events with 3,010 attendees. Hosted 10 schools and 278 students" held 2 work placements. 2 off sit¢ visits, and one on sit¢ from University of Bolton: Feedback on projects. one to on¢s with students, pricing and care¢r talks; Manchester Coll¢ge off site visit. on¢ opportunity for resident mak¢r, including career talk and intro to Manch¢st¢r Craft and Design Centre alld Manchester College Industy Week Talk Work placem¢Thts: Other proj¢cts/Activities.' MCC SME Road Show. 42nd WTndow display. Irish National Trail. MCC Clean Air Day, Natioual Play Day" Loom of Life talk with Shamji Vankar. Venture Arts Placement for 6 we¢ks' exhibition selection at AWOL Sthdios (with 42nd St b¢Thefici3ries oll selection panel) 4 graduate and emerging mak¢T Pop-up shops: University of Bolton Surfac¢ D¢sign)' Manchester College - I month (9 stttdents) 2 w¢¢ks (3 undergraduate studgnts Textile & Visitors We welcojned 180.716 people to the Centre a 310/0 increase froLll 2023 to 2024. We continue to build on our offer and create opportunities for everyone to ¢ngage in craft, design and th¢ c¢ntre. Our demographics for 2024 to 2025 are: 61 % of our visitors are fetllale, 18 % are male, 7% prefer not to say. 300/0 of our visitors were in tb¢ir 20s, 210/0 in their 30s, 140/0 in their 40s, and 250/0 51>F. Ethnicity: 28 /0 identified within Global Majority (180/0 in 2023-24, 440/0 GM at last c¢nsus), 69 % of visitors identified as White/White British (720/0 in 2023_24), while 6% prefeed not to say. 151/J o are either Dldeaf or disabled (130/0 in 23-24) aDd 25 % are neurodivergent (210/0 in 23-24). Based on voluntary surveys conwleted by the public. MCAD will continue as a priority to work towards increasing engagement with underrepresented £roups within the craft and design sector particularly in our education and professional development programming and recrnitment for staff, board, volunteers and resident llkerS. Page 2
MANCHESTER CRAFT AND DESIGN REPORT OF THE TRUSTEES FOR THE YEAJi ENDED 31 MARCH 2025 OBJECTIVES AND ACTIVITIES Pubjic beDefit The Trustees review MCAD'S outconLes tOUgh quarterly management reports, and the annual r¢view process, in order to monitor the impact of its activities with regard to the audiences that the charity is established to serve. It is the Trustees, intention to ensure that MCAD continues to play a unique role in providing accessible opportunities for the benefit of Manchester residents alongside wider audiences to engage with visual arl Craft and desigll. Supporting new tsl¢nt and working with the wider crdft and design sector to help us d¢liver our charitabl¢ aims. It is also a priority for the Trustees to furtber the diversity, reach and impact of our work. In considering the public benefit of the charity the ttust¢¢s have had due regard to the Charity Cornmission's guidanc¢ on Public Benefit, and have refeed to this when r¢viewtng the chartty's aims and objectives and planning tUre activities. Vision and Values MCAD is Manchester's space for Craft, community and making. We promote craft in all its fornis, expanding the definttion and relevance of craft for everyone. We nurture and deveEop emerging and established talent, 5UPPOrt viable creative careers, and showcase iunovative and ambitious craft practic¢s. MCAD is a place of ent¢ryris¢, Production and creativity and reflects the rich diversity of Manchester's 21 st c¢ntury comtnunities. We welcome everyoD¢ to ¢xp¢rien¢e and engage with makiThg and our creative community. We safeguard a spac¢ for everyday CT¢ativity in th¢ heart of the Nortbern Quarter and Eook outwards beyond OUT building. Values All our work will be developed through the lens of equality and ¢nvironmentsl sustsinability. These are intrinsic values placed at the heart of our decision-making: l} Welcoming 2) Transpar¢nt 3) Supportive 4) Empowrring 5) Vibrant Volunteers W¢ hav¢ 19 gUlar voluntc¢rs for MCAD (our 2023 to 26 target is 18 sustained.) who give their time to support the harity to which we are grateful. The volullteers werc supported by a (short-tenn fundcd) volunteer coordinator [tbrough x dat¢] 2nd thcn by th¢ Exhibitions & Ev¢nts Officer to ensure their experience is the best and their voices are heatd. Volunteers covered 545 hours volunteering in 2024 to 2025. Volunteers support a range of activity for th¢ Charity inclusive of exbibitions. ¢v¢nts and workshops alongside welcorning people to our building during the busier periods (w¢¢k¢nds for instsncc). In 2024 to 25 voluntecrs participated in creative workshops to build confidence in delivering craft acttvities with the public. Online presence MCAD ¢ontinu¢s to widen its onlin¢ p¢ll¢¢ in 2024125 which is demonstrated through the figures below: 110,083 users engaged with our website. We experienced a slight increase on follower5 via Instagrdm, reaching over 26,000. Our e-newsletter bas mailltaioed a 42 % open rate, remaining higher than th¢ National average of 37 %. Our profile ¢ontinu¢s to widen by our active press presence in 2024125 feattillg in various publications includillg Manchester's FinesL Cr¢ative Towist, l Love Manchester, Manchester Wire, Secret Manchest¢r, Viskt Manchester, Manchester Evening News, and ELLE Decoration UK. alld a Googl¢ Euro Meetup 2024. Pag¢ 3
MANCHESTER CRAFT AND DESIGN REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 FINANCIAL REVIEW Financial Position MCAD has robust fllwicial policies and procedur¢s that support ow aims and obj¢cÉives. PerfornMnce is monitored through quarterly f[claI reports reviewed at Ftnance Sub-Con]mittee and Board meetings, with fmancial controls set out in our Sch¢dule of Delegation. During the period 2024 to 2025 MCAI) has received core support from Arts Coullcil England via its National Portfolio, Garfield Weston Foundation, and project based support from MCC Neighbourhood Investment Funding to provide free craft based activities to break down barriers to ac¢¢ss and new partnership with 42nd St. Expenditure exceeded in¢om¢ during tbe year, due to income f811ing short of pmjections. With th¢ departure of the Creative Director tOW2rds the end of the period, the Board resolved to refocus the staff strnctLf¢ for 2025-26, with the aim of incr¢asing earned income and developing a new fundraising plan with external support. Reserves policy Definition MaThchester Craft & Design's working definition for Teserves is based upon that adopted by the Charity Commission: "We defme reserves as income which beeomcs available to the Organisation and is to be expended at the Management Board's discretion in filltherance of any of th¢ chaTity'S objects but which is not yet spent, comtnitted, designated or eannarked Current Policy The Trustees have set the following Reserves Policy: -Reserves are maintailled at a level which ensures Manchcster Craft & DesAgn bas the ability to meet its ongoing commitments, with suffici6Trt r¢s¢TV¢S to Cover a minimum of six months expenditure, any potential redllndancy costs and core cornrnitted costs. -The calculation of the required reserves is an integral part of the Organisation's planning. budget 2nd forecast cycle and will take into account: . RAsks associat¢d with each stream of income and expenditure being different from that budgcted. b. Planned activity l¢v¢l. . OrgaThisation's commitments. Bas¢d on our policy> set out below, minimum r¢s¢rv¢s for 2024 to 2025 is £108,000. The trustee's intention is to use any significant level of reserves above the target level to facilitate activity that will havc 2 significant itnpact on MCAD'S long terni sustainability and capacity to deliver on tb¢ priorities outlAned in the business plan. . -management action wtth approval by the fijll Board of TThtee5 will be required should this fiind diminish below the above calculated reserve r¢quir¢m¢nL -The reserves fund will be managed and monitored at each Finance & General Purposes (F&GP) Sub Committee meeting and reported back to the Board of Trustees within the fman¢e reporting procedures. -The calculated reserves fid will be review¢d quarterly to ensure it takes account of changing circumstances. -The 11 reserves policy will be reviewed annually. This r¢vi¢w will ¢onsid¢r various scenarios, future needs and oppomnities. Page 4
MAIYCHESTER CRAFT AND DESIGN REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 TrIARCH 2025 FUTURE PLANS Plans for future periods As MCAD looks forward to the y¢ar ahead, our focus turns to enhancing our strategic aims and objectives set out above. We will continue to widen and enhance our offer of programmes, workshops, exliibitions and events that support connection, engagement, educatio[4 inspiration and leadership in craft and design. MCAD continues to be an Arts Council Englan(L National Portfolio Organisation for th¢ period 2023 to 2026. We have set out strong k¢y d¢liv¢rables to achieve in this period inclusiv¢ of reducing our environmentsl impact as an organisatloll, llLove forward with actioning culttwe change within th¢ craft sector, widen and engage our audience networks, and continue to be a leader of excellence in Craft. STRUCTURE GOVERNANCE AND WAGE1NT Governing document The cbarity is controlled by its goveming documenL a deed of tsvst, and constitutes a litnit¢d company, limited by guarantee, as dered by th¢ Companies Act 2006. Directors and Trustees MCAD is governed by a Board of directors who are also its trustees. The directors who s¢rved during the year are list¢d on page one of th¢ atmual reporL The directors ar¢ appointed by members at Alluual General Meetings. The Board may co-opt dir¢ctors at quarterly meetings, but new directors ar¢ appointed at the AGM. The Board of al¢torS ect at least 4 times per y¢aT to review strat¢gy, policy, operatioThal plans, budget and fance control, and risk management. In addition, th¢ Finance and General Purposes sub-conunittees meet quarterly to r¢view illCOEne klld ¢xpenditure and all financial tnatters. The Board of Directors continu¢ to work closely with St¢f2nie Wyke {Creativ¢ Director) and John Lucas (Company SecretarylFinance Officer). Dat¢s and Names are listed ill th¢ fst section. Organisational structure MCAD is a charitabl¢ company limited by guarantee (England and Wales) and became a regist¢r¢d clwity on 12th June 2017. The company was fst incorporat¢d on 9th January 1991. Th¢ company was established under a m¢mordDdum of association which sets out the objects and pow¢rs of the charitable company and is gov¢rned under its articles of association, thc tnost rec¢nt of which was approved by th¢ Board on 9th March 2016. Induction and training of new trustees Board succession is managed througb fixed ternis of oifice, and regular skills audits to identify gaps in relation to the Business Plan. Board mejnbers are recruited through adv¢rtising via appropriat¢ challtkels, alld by existillg Board directors suggcsting potential candidates. Board applicants are invited to complete an expression of interest. meet the metnb¢rs of the Board of Directors and MCAD Creative Director. In accordance wTth clause 44 of MCAD'S Articles, Board m¢mb¢r5 have red t¢mis of office and must r¢tir¢ when they reach their terni. I trustee resigned during this period. Katy Ashton. Key Partnerships and Networks In 2024 to 2025 MCAD ¢orAtinu¢s to be funded as a National Portfolio Organisation of Arts Council England 2023 to 2026, for work that delAvers to their strategic prioiities. We hav¢ established partnerships with Manchester School of Art/MaDchester Metropolitan University, Mauchester College. Venture Arts, 42nd Street, and Univ¢rsity of Greater ManchesterlBolton. MCAD contributes Staffing and Activity fullds to the Northw¢st Craft Network and sits on th¢ir Steerillg Group. MCAD is a rnember of the natiollal Craft UK network and participat¢s in a range of cultural sector forums. Related parties MCAD established MCAD Enterprises Limited on 24th AprAI 2016 (company no.10143710) to carry out non-charitable tradiThg activities. Under the Articles of the company any profits and gains arising from th¢s¢ a¢tiviti¢s will b¢ paid ov¢r to MCAD. Page 5
MANCHESTER CIL4FT AND DESIGN REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 STRUCTURE, GOVERNANCE AND lkW4AGElT Risk Management The Board As responsible for managing the risks of the organisation. Risks ar¢ reviewed at quarterly Board meetings with processes put in place to mitigats identified risks. The controls that the Board uses are: Forn]al agendas for 211 Board meetings Business Plan including risk register reviewed at quarterly Board meetings via m2nagement reports Quarterly funCIal reports monitored by the Finance & General Sub-committee, reporting to quarterly Board n]eetings. Established organisational sttucture and lines of reporting Schedule of Delegation setting out financial controls REFERENCE AND ADMINISTIi4TN£ DETAILS Registered Company number 02572530 (England and Wales) Registered Charity number 1173366 Registered office 17 Oak Street MaThchester M4 5JD Trustees S R Anwar Entrcpreneur Ms K J Ashton Museum Director (resigned 161512024) Professor M D Evans Professor J D Kirby Head Of Collections Services Mrs J T¢gg Marketing Consultant M J Woodward Culture & Heritage Consultant Ms R J Knight Head Of Exhibitions Ms E J C Anderson Museum Director Dr Y B8kiriIoglu Senior Lccturcr In Dcsign M8nagement Ms B C Bone Conservation Architect Ms P Watt Post 16 Send Project Managcr Independent Examiner Spurling Cannon Chartered Certified Accountants 424 Margate Road Westwood Ramsgate Kent CT12 6SJ Approved by Order of dLe boird of tmstees on.. J C Anderson- ir Page 6
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 ¢xaminatioTh of the accounts of the Company for the year ended 31 March 2025. Responsibilities and basis of report As the charity's trustees of the Company (and also its directors for th¢ purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of th¢ Companies Act 2006 ('the 2006 Act,). Having satisfied n]yself that the accounts of the Company are not required to be audited under Part 16 of tb¢ 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Chariti¢s Act 2011 ('tbe 2011 Act?. In Canying out my exatnination I have followed the Directions given by the Charity Cotnmission under Section 145(5) (b) of the 2011 Act. Independent examiner's statement I have completed my examination. I ¢onfTh that no matters have come to my attention in connectiou with the examination giving me cause to believ¢: accountxng re¢ords were not kept in respect of the Company as required by Section 386 of the 2006 A¢t' or th¢ accounts do not accord with those records. or th¢ accounts do not comply with the a¢¢ounting requiremeThts of Section 396 of th¢ 2006 Act oth¢r than any rcquirement tbat tbe accounts give a ttue and fair vÈew which is not a matt¢r considered as part of an illd¢p¢lldent examination. or the accounts have not been prepared in accordance wÈth the m¢thods and principles of the Stat¢ment of R¢¢ommended Practice for accounting and r¢porting by charities (applicable to clwities preparing their accounts in accordan¢¢ with the Financial Reporting Standard applicable in tbe UK aTrd R¢public of Ireland (FRS 102)). I have llo conccrns and hav¢ come across no other in connection with the examination to which attentioll should be drawn in this report in order to enable a proper understanding of the accounts to b¢ reached. Richard Phillpott MAAT FCCA Spurling Cannon Chartered Certified Accountants 424 Margate Road Westwood Ramsgat¢ Kent CT12 6SJ Page 7
IWCHESTER CRAFT AND DESIGN STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 2025 Total runds 2024 Total funds Unrestrtct¢d fidS Restricted nds Notes INCOME Grants and Rent 211,224 7,291 218,515 223,942 Inv¢strnent income 2,715 Total 215,064 222,355 226,657 EXPEIYDITURE ON Charlltable activities General 178,819 20,153 198,972 180,496 Other 39,472 39,472 Total 218 291 20,153 238,444 225,638 NET INCOMEI(EXPENDITURE) TraTJsfer5 betTrveen funds (3,227) 1,749 (12.862) 1.749 (16,lJ89) 1,019 Net movement in funds (4,9761 (11,113) (16,089) 1,019 RECOIYCILIATION OF FUNDS Total funds brought forward 112,751 14,447 127,198 126,179 TOTAL FUNDS CARRIED FORWIIRD 107,775 3J34 111,109 127.198 The notes forni part of these financial statements Page 8
MANCHESTER CRAFT AND DESIGN BALANCE SHEET 31 MARCH 2025 2025 Total funds 2024 Total funds Unrestricted fimds Restricted fidS Notes FIXED ASSETS Tangible ass¢ts Investm¢nts io io io 13 13 13 CURRENT ASSETS Debtors Casb at bat]k and in l]and 11,655 120,580 11,655 123 914 13,801 142,941 132,235 3,334 135,569 156,742 CREDITORS Amounts falling due within one year (24,473) (24,473) (29.557) NET CURREIYT ASSETS 107,762 111096 127,185 "roTAL ASSETS LESS CURRENT LIABILITIES 107,775 3a34 111,109 127.198 NET ASSETS 107,775 3J34 111,109 127,198 FUNDS Unrestricted fuDds Restricted funds 107,775 3,334 112,751 14,447 TOTAL FUI¥4DS 111,109 127,198 The charitabl¢ company is cntitlcd to exemption fron] audit under Section 477 of the CompaDies Act 2006 for the y¢ar cnded 31 March 2025. The members have not required the company to obtain an audit of its financial ststements for the year ended 31 Match 2025 in accordance with Sectioll 476 of the Compani¢s Act 2006. The trustees acl(nowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that Comply with Sections 386 and 387 of the Companies Act 2006 and preparing finallcial statements which give a true and fair vi¢w of the state of affairs of th¢ charitable company as at the end of each flllancial year and of its sLp[Us or defLCLt for each fanCIal year in accordan¢¢ with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to fmancial stst¢m¢nts, so far as applicabl¢ to the charitable company. (b) The notes fonn part of these fmancial slatements Page 9 continued..
MANCHESTER CRAFT AIND DESIGN BALAIYCE SHEET - eolltinued 31 MARCH 2025 These financial statements have been pr¢pared in accordance with the provisions applicable to charitable cornpanies subject to th¢ small companies regim¢. Th¢ financial statements were approved by the Board of Trnstees and authorised for issue on . and were signed on its behalf by: Ms E J C thknii¢rs0 The notes forni part of these financial statements Page 10
MANCHESTER CRAFT AND DESIGN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES Basis of prepgring the financial statements The flllancial statements of the charitable company? whÈch is a public benefit ¢ntity under FRS 102. hav¢ been prepar in a¢¢ordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Chariti¢s.' Statement of R¢commended Practice applicabl¢ to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of treland (FRS 102) (¢ffective l January 2019),, Financial Reporting Standard 102 The Financial R¢porting Standard applicable in the UK and Republic of Ir¢land' and the Companies Act 2006. The fllwicial stat¢m¢nts have be¢n prepared und¢r the historical cost conventioffj with the ¢x¢eption of investments which are included at market value. Income All income is recognised in the Statement of Fitwicial Activities once the charity ¢ntitlement to the funds, it is probabl¢ that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as ther¢ is a legal or constrnctive obligation comtnitting the charity to that expenditure, it is probabl¢ that a transfer of economic benefits will be required in settlement and the amount of the obligation can b¢ n]¢asured reliably. Expenditure is accoullt¢d for on an aGcTuals basis and has been classified under headiThgs that aggregate all cost r¢lat¢d to the category. Where costs cannot be dirwtly attributed to particul headiThgs th¢y have been allocated to activities on a basis consisteTht with the use of r¢sourc¢s. Tangible red assets Depr¢¢Kation is provided at the following allnuai rates in order to write off each asset ov¢r its estitllat¢d useful life. Taxatioll The charity is exempt from corporation tsx on its charitable activities. Fund accounting Unrtstrict¢d funds can be used in accordance with thc charitable objectives at the discretion of the trnstees. R¢strict¢d funds can only be used for particular restricted purposes within the objects of the charity. Restrictlons 8ris¢ when specified by the donor or when fiwds are raised for particular restricted poSeS. Further explanation of the natllr¢ and purpose of each fund is included in the notes to the FanCial statements. Pension costs and other post-retirement benefits The ¢h8ritable company operates a defed contribution pension scheme. Contributions payable to the charitable company's pension scheme ar¢ charged to tbe Statement of Financial ActLVities ill the period to which they relate. INVESTMEIYI INCOME 2025 2024 Interest earned 3,840 2.715 Pagell continued...
L4NCHESTER CIL4FT AND DESIGN NOTES TO THE FINANCIAL STATEMENTS- Continued FOR THE YEAR ENDED 31 MARCH 2025 TRUSTEES, REMUNERATION AND BENEFITS There w¢re no tnTStees' remuneration or other benefits for the year end¢d 31 March 2025 nor for the year ended 31 March 2024. Trustees, expenses There were no 31 March 2024. tstee$, ¢xpenses paid for the year ended 31 March2025 nor for the year ended COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES UestrICted fimds Restricted fimds Total funds INCOME FROM Grants and Rent 204.373 19,569 223.942 Investm¢nt incom¢ 2,715 Total 207,088 19,569 226,657 EXPENDITURE ON Charitable activities General 161,650 18.846 180.496 Other 44.436 706 45.142 Total 206,086 19,552 225.638 NET INCOIVIE Transfers between funds 1,002 17 ii) 1,019 Net movement in funds 1.013 1.019 RECONCILIATION OF FUNDS Total funds brought foThvard 111,738 14,441 126.179 TOTAL FUNDS CARRIED FORWARD 112,751 14,447 127,198 TANGIBLE FIXED ASSETS Plant and niachinery COST At l April 2024 and 31 March 2025 24,402 DEPRECIATION At l April 2024 and 31 March 2025 24,399 NET BOOK VALUE At 31 March 2025 At 31 March 2024 Page 12 continued...
MANCHESTER CIUFT AIW DESIGN NOTES TO THE FINANCIAL STATEMENTS - eontillued FOR THE YEAR ENDED 31 MARCH 2025 FIXED ASSET INVESTMENTS Shares in group undertakings MARKET VALUE At l April 2024 and 31 March 2025 io NET BOOK VALUE At 31 March 2025 io At 31 March 2024 io There were no investment assets outside the Ulc DEBTORS: AMOUNTS FALLING DUE WITHIN 01¥4E YEAR 2025 2024 Trade debtors Prepayments 10,295 1,360 12,285 1,516 11,655 13.801 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade creditors Social security alld other taxes Other creditors Accrued ¢xp¢ns¢s 2,192 1,996 17.720 7.649 1,512 19.660 3JOI 24,473 29,557 MOVEMENT IN FUNDS Net movement in funds Transfers between funds At 3113125 At L14124 UnrestrKcted funds General fund 112,751 (3,227) (1,749) 107,775 Restricted fund5 Kate Day fund Postcode Lottery Awards for All 5,718 5,033 3.696 (2,384) (6,782) 3,334 1,749 14,447 1,749 3J34 TOTAL FUNDS 127,198 111,109 Pa8¢ 13 continued..
MANCHESTER CRAFT AM) DESIGN NOTES TO THE FINANCIAL STATEMETrITS- continued FOR THE YEAR ENDED 31 MARCH 2025 MOVEMENT tN FUNDS - continued N¢t movement in fimds, in¢lud¢d in the above arc as follows: Incoming r¢sources Resources expended Movement in fimds Unrestricted funds General fiu 215,064 (218,291) (3,227) Restrieted funds MCC Neighbourhood Inv. Fund Kate Day nd Postcode Lottery Awards for All 7,200 91 (7,200) (2,475) (6,782) (2,384) (6.782) (3.69 (20,153 12,862 TOTAL FUNDS 222,355 (238.444 16,089) Comparatives for movement in funds Net movement in funds Transfers between funds At 3113124 At 114123 UDre$tri¢ted funds General fund 111,738 1,002 112,751 Restricted funds MCC Cultural Parthership Radcliffe Trust ACE NPO 202312024 Kate Day fund Postcode Lottery Awards for All 4.373 5.000 (4.373) (5,000) (li) 5.057 661 5,033 3,696 5.718 5.033 3.696 14,441 17 14,447 TOTAL FUNDS 126,179 1,019 127,198 Page 14 continued...
MANCHESTER CRAFT AND DESIGN IYOTES TO THE FINANCIAL STATEMENTS- Continued FOR THE YEAR Ef4DED 31 MARCH 2025 MOVEMENT IN FUNDS - continlled Comparative net movement in fLULds, illcluded in the above are as follows: Incoming resources Resources expended Movement in fimds Unrestricted funds General fund 207,088 (206,086) 1,002 Restricted funds MCC Cultural Partn¢rship Radcliffe Trust Kate Day fund Postcode Lottery Awards for All 2,610 (6,983) (5,000) (16) (1,749) 5,804 (4,373) (5,000) 661 5.033 3,696 677 6,782 9.500 19,569 19,552 17 TOTAL FUNDS 226.657 225,638) 1,019 A curreTht year 12 Anonths aThd prior year 12 months combined positkon is as follows: N¢t tnovemcnt in fid$ Tiansfers between funds At 3113125 At 114123 Unrestricted funds General fill 111,738 (2.225) (1,738) 107,775 Restricted funds MCC Cultural Partnership Radcliffe Trust ACE NPO 202312024 Kate Day fund Postcode Lottery 4,373 5.000 (4.373) (5,000) (li) 5,057 (1,723) 1,749) 3,334 1.749 14,441 12.845 1,738 3,334 TOTAL FUls 126,179 15.070) 111.109 Page 15 continued...
MANCHESTER CRAFf AJND DESIGN NOTES TO THE FINANCIAL STATEMENTS- Continued FOR THE YEAR ENDED 31 MARCH 2025 MOVEMEIYT IN FUNDS - continued A cuffent year 12 months and prior year 12 months combined net movement in funds, includ¢d in the above are as follows: Incoming res01C¢S Resources expended Movement in funds Unrestricted funds General fund 422,152 (424.377) (2,225) Restricted funds MCC Cultural Parlnership MCC Neighbourhood Inv. Fund Radcliffe Tt Kate Day fund Postcode Lottery Awards for All 2,610 7,200 (6,983) (7,200) (5.000) (2.491) (8.531) 9.500) (4,373) (5,000) (1,723) (1,749) 768 6,782 9,500 26,860 39.705) 12.845) TOTAL FUNDS 449,012 464,082) 15,070) io. RELATED PARTY DISCLOSURES During the year Manch¢st¢r Crdft and D¢sign provided ¢mploy¢¢ s¢rvices to MCAD Enterises Ltd for the sum of £26,869.23 2024.. (£16,999.92) Page 16
MANCHESTER CRAFT AND DESIGN DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 ll¥4COME Grants and Rent Rents receiv¢d Donations Grants Sundry income Wages costs recharged 82,394 1,377 105,972 1,903 93,052 8,882 104,682 326 218,515 223,942 Investment income Int¢rcst eamed TotAI incoming resources 222,355 226,657 EXPENDITURE Charitable activitie5 Wages Social security Pensions 136,426 5,666 118,249 3,646 2,194 144,964 124,089 Other Premises costs Cl¢aThing costs Repairs & aInt¢ance 20,862 12,507 6,103 20,440 13,237 11,465 39,472 45,142 Support costs Management Staff trainillg 2,764 770 Finance Bank cbarges 351 262 Other 2 lllsuran¢e & s¢awity Exhibition & advertising costs Office costs inc IT T¢lephone Postage and stationery Admin & co-ordinator Freelance support Consuliancy Carried forward 2,558 20,948 4.421 4,661 1,603 10,770 2,360 24,894 4,561 4,641 1,513 5,252 3,400 61 46,682 1,054 46,015 This page does not forni part of the statutory financial statements Page 17
MANCHESTER CRÉlFf AND DESIGIY DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED JI MARCH 2025 2025 2024 Other 2 Brought forward Donation to makers 46,015 46,682 46,015 51,182 Governanee costs Sundties Accountancy fees 656 4,222 323 4,878 4,193 Total resources expended 225,638 Net (expendithre)fthcome 16,089) 1,019 This page doe5 not forni part of the stathtory fanCIal stat¢ments Page 18