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% prefe￿ed 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 ll￿kerS.
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 t￿OUgh 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 refe￿ed 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 featt￿illg 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 TTh￿tee5 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 fi￿d 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 WAGE1￿￿NT
Governing document
The cbarity is controlled by its goveming documenL a deed of tsvst, and constitutes a litnit¢d company, limited by
guarantee, as der￿ed 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 f￿ance
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¢ f￿st 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 f￿st 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 r￿ed 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 lkW4AGEl￿￿￿T
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 fu￿nCIal 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
fi￿dS
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
fi￿dS
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 sL￿p[Us or defLCLt for each f￿anCIal 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 r￿ed 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 p￿￿oSeS.
Further explanation of the natllr¢ and purpose of each fund is included in the notes to the F￿anCial statements.
Pension costs and other post-retirement benefits
The ¢h8ritable company operates a def￿ed 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.
t￿stee$, ¢xpenses paid for the year ended 31 March2025 nor for the year ended
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
U￿estrICted
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 fi￿d$
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 FUl￿s
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
res01￿C¢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 T￿￿t
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 Ente￿rises 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 f￿anCIal stat¢ments
Page 18