Company registration number.. 14111370
Charity registration number.. 1202344
Manchester CCRC Trust Ltd
(A Company limited by guarantee)
Annual Report and Financial Statements
for ihe Year Ended 31 May 2024
Chris Booth
McKellens
I l Riverview
The Embanknient Business Park
Vale Road
Heaton Mersey
Stockport
SK4 3GN

Manehester CCRC Trust Ltd
Contents
Reference and Administrative Details
Trustees, Report
2to4
Statement of Trustees, Re5porisibilities
Independent ExaminePs Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
910 15

Man¢he$ter CCRC Trust Ltd
Reference and Administrative Details
Trusttts
RM Elsdon-Dew
AE Parsons
MD Roper
GRE Thomas
Secretary
JM Shippen
Charity Registration Number
1202344
Company Registration Number
14111370
The charity is incorporated in England.
l Ardwick Green North
Manchester
M126HD
Registered Office
Accountants
McKellens
Chartered Accountants
I l Riverview
The Embankment Business Park
Vale Road
Heaton Mersey
Stockport
SK4 3GN
Page I

Manebester CCRC Trust Ltd
Trustees, Report
The trnstee5, who are diiectors for the purposes of company law, present the annual report together with the
rinancial 5tat¢ments of the charitable cotnpany for the year ended 31 May 2024.
Objectives and aetivities
Objects aims
The charity's objects are the advancerneni of the Christian religion in ihe Di￿e5C of Manchester through the
provision of a place of worship and by contributing 10 ihe establishmenL renewal and reviralisation of Angli¢3n
churches.
Objecilves. slr41egl￿ umdaciivilies
This financial year has seen the set up and start-up of Fabric Church as a worshipping community in Manchester
City Centre. From a standing siart we were able io develop the infrastruciure needed io launch from a rented
nightclub venue on 23rd September 2023. This wollld involve a set up and pack {and transpon io and
from a local storage facility) of all kit and chairs each week.
Despite the need for flexibility, we were able to achieve this using the AV k￿t that we would later use in our long
term venue ensuring that no extra Cost was Incurred as 2 Tesult of this season.
We were very grateful to complete on the purchase of Ardwi¢k Barracks on 26th October 2024 - a pllrchase
made using a long loan from the Church Commissioners of the Church of England which will be repaid by this
trust from year 6 of the project onwards. The Barracks is owned by Manchester CCRC Trust.
We met as a church in Factory 251 for 4 months before our first service in our permaneni home of Ardwick
Barracks on 14Lh January 2024 following a short period of renovation (using designated church commissioner
nds}.
Publle benefli
The trustees confirni that they have complied with the requirements of section 17 of the Charities Act 2011 to
have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Page 2

Manche$t¢r CCRC Trust Ltd
Trustees, Report
Achievements and perforrnance
Over the course of this financial year, we have witnessed steady numerical gr0￿h in our Sunday gatherings. as
well as the flourishing of key ministries, including..
Sunday Attendance
In Ortober 2023 we averaged 67 attendees and by April 2024. Ihis had gro￿￿ to an
average of108 attendees.
Student Ministry- Expansion of student outreach, discipleship, and engagement.
Kids Mini5try- Development of structured programs for children during services.
Alpha Courses - Two courses run successfully. one in a local skate park and anoth¢r at the BaTracks, fostering
engagement with those exploring faith.
Midweek Groups- E5tablishrnent of small ￿0upS to encourage community and discipleship.
Co-working Space- A new initiative to provide a shared workspace for the community and church members.
Additionally, we have been involved ID various comunsty outreach efforts. including partnerships with local
organizations and initiaiiyes supporting those in need.
As per our funding agreement we have been hegvily financially supported in this last year through the SMIBB
grant that we receive via ihe Manchester diocese. This suppon will decrease gradually each year a5 the Church is
able to in¢re8singly meet its C05tg.
Financial revtew
Total income in the year was £294,257 and expenditure amounting 10 £235,934 resulted in a surplus of income
over expenditure of £58,323.
As per our funding agreement, this year we have been signif)cantly supported through the SMIBB granL
received via the Diocege. This support will gradually d￿rease in the ¢OTning years as the ehurch becomes
increasingly fEnancially independent.
Other key financEal highlights include=
Wages and Salaries- £115,467 allocated to staff costs.
Donaiions from Individuals- £58.294 received in direci contributions.
Rental Income- £4,990 generdted from building rental.
Grants frorn Dio¢e5e- £227,973 received to support chuTch operation5.
Planned Financial Independen¢e
self-sufficiency.
A structured plan to transition from external funding towards
Page 3

Manchester CCRC Trust Ltd
Trustees, Report
PIAns for future periods
Aims ondkey objecliveiforfulureperiuds
Our goals for the next financial year are..
To progress our buildiiig project using extemal fund5 from the ChiiTch Conirnis5ioner5.
Roof platlning applivaiion Q4 2024
Roof replacement works Q2 2025
Whole building masterplan planning appli¢atioi) Q2 2014
To move from a culture of start lip to a culture of stability and structure.
To Tnove towards financial independen¢¢ by seeking in¢r¢ased congregational giving whilsi also enihusiaslically
pursuing external funding from grant fulldit]8 organisations. companies and individual5.
To laiinch an evening strvice at 6.30pm
Trustees and officers
The trustees and tsffi¢ers serving diiring th¢ year and since the year end were as follows..
TTUSte¢s'.
RM Elsdon-Dew
KB Lulld (resigned 12 Novetnber 20231
MJ McGurk I￿51gned 7 June 20241
AE Parsons
qD Roper
GRE Thotnas (appointed I l January 20241
Se¢r¢tary'.
JM Shippen
Stru¢tUtt? governan¢e and management
Nalure ofgoverning documenl
The charity is gov¢med b). lis Anicles of Association 2s set out on incorporation on 17th May 2022 and as
amended and filed al Companies House on ?Oth JLTne ?023.
Thea
I report approved by the trustees of the charity on 28 March 2025 aiid si8iied on its behalf by..
MD
oper
Tru5tE¢
Page 4

Manchester CCRC Trust Ltd
Statement of Tru5tees' Responsibilities
The trustees Iwho are also the directo￿ of Manchester CCRC Trust Ltd for the purposes of company lawl are
responsible for preparing the trustees, report alld tl)e financial 5tat¢m¢nt5 in accordanre with applicable lam. and
United Kingdotn Accounting Standards (Untied Kingdom Generallv Accepted Accounting PTacti¢el, including
FRS I O? "The Financial Reporting Standard applicable in the L'K ￿ld Republic of Ireland"
Company law requires the iruslees to prepare fiiiancial 5tattinents for each finan¢i#l year. Under company law
the trustees must not approve the financial staiemenls unless they are satisfied that tliey give a ITU¢ and fair view
of the stale of affairs of the charitable company and of the in¢oming resources and application of resources,
including its inrome and expenditure. of the charitable company for that period. In preparing these financial
statements, th¢ trustees are required to..
select suit2ble accoujiting policie5 aiid apply thern ¢onsistenily-
observe the methods and principles in the Charities SORP:
make jiidgem¢nts and estimates that are reasonable and prudent..
state whether applicable accout]ting standards, Comprising FRS 102 have been followed, subject to any
material dcpartures disLlosed and explained in the financial 5tatemttLts: and
prepare the financial staiernents on the going con¢em basis unles$ li is inappropriate to presiime that the
charitable ¢oinpanJ will continlle in business.
The trustees are responsible for kecping propcr a¢couniing records thai catt disclose with reasonable accuracy at
any time the financial position of the charitable company and enabl¢ th¢rn to ensure that the financial statements
cotnply with the Companies A¢t 2006. They are also responsible for safeguardiiig the assets of the charitable
company and hence for taking reasonable steps for the prevejiiion and detection of fraud and other irregulanties.
The trustee5 aT¢ responsible for the maintenance and int¢grity of tht COryM)lat¢ and financial infonnation
included on the charitable comparty's website. Legislation governin8 the preparatioii and dis5¢Tnination of
fiDancial statements may differ frotn legislation in other jurisdictions.
Approv
by Ihe trustees of tlie charity on 28 March 2025 and signed on its behalf by..
oper
Trustee
Page 5

Manchester CCRC Trust Lid
Independent Examiner's Report to the trustees of Manchester CCRC Trust Ltd ('the
Company,)
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 May
2024.
Responsibilities and basis of report
As the charity's tryste¢s of the Company (and also its directors for the purposes of company law) you are
responsibl¢ for the preparation of the accounts in accordance with ihe requiremenis of the Companie5 Act 2006
('the 2006 Act'l.
Having satisfied myself that the actounts of the Company are not required to be audited under Part 16 of the
2006 Aci 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 Charities Act 2011 I'the 2011 Act'l. In carrying out my
examinaiion I have followed the Directions given by the Charity Commission under section 145{5)(bl of ihe
2011 Act.
Independent examiner'5 Statement
Since the Company's ￿OsS income exceeded £250.000 your examiner must be a member of a body listed in
section 145 of the 201 l Act. I confirm that l am qualified to undertake the examination because l am a member
of , which is one of the listed bodie5.
I have completed Iny examination. I confimi that no matters have come to my attention in connection with the
examination giving Tne cause to believe..
accounting record5 were not kept in respect of Man¢hester CCRC Trust Ltd as required by section 386 of
the 2006 Act; or
2. the accounts do not aectsrd with those records- or
3. the accounts do not comply with the accounting requireEnents of section 396 of the 2006 Act other than
any requirement that the accounts give a 'true and fair view, whi¢h is not a matter considered as part of an
independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Ststement of
Recommended Practice for accounting and Teporting by charities lapplicable to charities preparing their
accounts in accordance with th¢ Finan¢ial R¢porting Standard applicable in ihe UK and Republic of
Ireland (FRS 102)].
I have no concerns and have come across no otheT matters in connection with the examination to which attention
should be dra￿￿ in this report in order to enable a proper understanding of the accounts to be reached.
Chris Booth
McKellens
I l Riverview
The Embankment Business Park
Vale Road
Heaton Mersey
Stockport
SK4 3GN
28 March 2025
Page 6

Manehester CCRC Trust Ltd
Statement of Financial Activities for the Year Ended 31 May 2024
(Including Income and Expenditure Account and Statement of Total Reeognised Gains
and Losses)
Unrestricled
funds
Total
2024
Note
Income and Endowments from:
Donations and legacies
Other income
289.267
4.990
289,267
4,990
Totsl income
294,257
294,257
Expenditure on:
Charitable activities
Other expenditure
{223,535)
{12.3991
(223,535)
112,i99)
Total expendithre
(235.9341
1235,934)
Net income
58.323
58,323
Nei movement in funds
58,323
58.323
Reconciliation of fund5
Total funds carried fonvard
17
58,323
58,323
Total
2023
Note
Incorne and Endowments from:
Expenditure on:
Net incomel(expenditure)
Net ¥novement in funds
Reconciliation of funds
Total funds carried forward
The funds breakdo￿Th for 2023 is ghown in note 17.
17
The notes on pages 9 to 15 forni an integral part of these f]n3ncial statements.
Page 7

Manchester CCRC Trust Ltd
(Registration number: 14111370)
Balance Sheet as at 31 May 2024
2024
Note
Fixed as5et5
T￿lgible assets
12
2,404.072
Current assets
Debtors
Cash at bank and in hand
13
14
490
7,9?8
8,418
Creditors: Amounts fg11ing due within one year
4,1671
Ntt current assets
TotAI a55ets le55 current liabilities
2,408.323
Creditors: Amounts f#llithg due after more thgn one year
16
12,350.0001
Net asset5
Funds of the ¢h#rity:
Vnrestritted ill¢ome funds
Unrestricted funds
58.323
Total funds
58.323
For the finaiicial year ending 31 May 2024 the charity was elltitled to ex¢tDPtion from audit under section 477 of
the Companies Act 2006 relating to stnall companies.
Director5, re5POt15ibilities'.
The member5 have not required the charity to obtain an audit of its ac¢ounis for the year in questaon in
accordance with section 476.. and
The director5 acknoivledge their responsibilitie5 for complying with the requirements of the Act with respect
io accouiitlng records and the PT¢parntiort of accoiints.
The financial stattments on pages 7 to 15 were approved by the trustees, and authorised for issue on 28 March
20?5 and Siglled on their behalf by..
RM Els
Truste
Ropt
Trustee
The noies on pages 9 10 15 fonn an integral part of thes¢ financial statements.
Page 8

Manchester CCRC Trust Ltd
Notes to the Financial Statements for the Year Ended 31 May 2024
I Charity statu5
The charity is limited by guarantee, incorporated in England, and consequently does not have share capital. Each
of the trustees is liable to contribute an ainount not exceeding £1 iowards the assets of ihe charity in the event of
liquidation.
The address of its registered oifice is..
l Ardwick Green North
Manchester
M126HD
These financial staiemenis were authoTlSed for issue by the trnstees on 28 March 2025.
2 Aceounting policie5
Summary of significant accounting polieies and key accounting e5timate5
The principal accounting policies applied in the preparation of these financial statements are set out below.
These policies have been consistently appli¢d to all the yea15 presented. unless othenvise staled.
Statement ofcompliance
The financial stateinents have been prepared in accordance with Accounting and Reporting by Charities=
Statement of Recommended Practice (applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard 8pplicable in the UK and Republic of Ireland IFRS 102)) (issued in October 20191
(Charities SORP {FRS 1021), the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102) and the Companies Act 2006.
Basis of preparatio
ManchesteT CCRC Trust Ltd meets the definition of a public benefit entity under FRS 102. Assets and liabilities
are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting
policy notes.
Going concern
The irustees consider that there are no tnaterial untertainties about the charity's ability to continue as a going
ctsncern nor any significant areas of un¢ertainty that affect the carrying value of assets held by th¢ ¢harity.
Exemption from preparing a cash flow ststement
The charity opted to adopt Bulletin I published on 2 February 2016 and have therefore not included a cash flow
statement in ihese financial statements.
Incorne and endowmeThts
All income is recognised onte the charity has entitlem¢nt to the income, it is probable that the income will be
received and the atnount of the income receivable can be measured reliably.
Page 9

Manchester CCRC Trust Ltd
Not¢$ to the Financial Statements for the Year Ended 31 May 2024
Dontsilons und legucie5
Donations are recognised when the charity has been notified in writing of both the amount and selllement date.
In the event thai a donation is subject to conditions thai require a level of performance by the charity before the
charity is entitled to the funds. the in¢omt is de[t￿ed and not recognised until either those conditions are fully
met, or the thllilment Lif ihose conditions is wholly within the control of the charity and it is probable ihat these
conditions will be fulfilled in the reporting period.
GroNts receivable
Grants are Tecognised when the charity has an entitleTnent to the ￿ndS and any conditions linked io the grants
have been met. Where perforniance conditions are attached to the grant and are yet to be tnet, the income is
recognised as a liability and included on the balance sheet as deferred ineome io be released.
Gifl aid
Incoming resources from tax reclaims are in¢luded in the Statement of Financial A¢tivitie5 at the same time as
the gift to which they relate.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure. it is probable
settlement is required and the amount can be measured reliably. All costs are allocated to the applicable
expendimre heading that aggregate similar c05t5 to thai category. Where costs cannot be direcily attributed to
particular headings they have been allocated on a basis consisieni with the use of resources. with central staff
costs allocated on the basis of tiine spent. and depreciation charges allocated on the portion of the assei's use.
Other support costs are allocated based on the spread of staff costs.
Cliarilable oclivliies
Charitsble expenditure comprises those costs incurred by the charity in the delivery of its actLVities and services
for it5 beneficiaries. li includes both costs that can be allocated directly io such activities and those costs of an
indirect nature necessary to support them.
Governance costs
These include the costs attributable to the charity's compliance with constitutional and ststuwry requirements,
in¢luding audiL strategic management and trustees meetings and reimbursed ¢xpenseg.
Taxation
The charity is considered to pass the tests set out in Paragraph I Schedule 6 of th¢ Finance Act 2010 and
therefore li meets the definition of a charitable company for UK COTporation thx purposes. Accordingly. the
charity is potentially exeinpt from taxation in respect of income or capital gains received within categories
Covered by Chapter 3 Part I l of the Corporation Tax Act 2010 OT Section 256 of the Taxation of Chargeable
Gains Act 1992. 10 the extent that such incotne or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets costing £l.000.00 or more are initially recorded at cost. less any subsequent accumulated
depreciation and subsequent accumulated impairnient losses.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation. less any estimated
residual v8lue, over their expected useful e¢onomic life as follows=
Page 10

Manchester CCRC Trust Ltd
Notes to the Finaucial Statements for the Year Ended 31 May 2024
Asset class
Property improvetnents
Depreeiation method and rate
15 /0 per annum on a siraight line basis
25 /0 per annum on a reducing balance
basis
Equipment
Trade debtor5
Trade debtors are amounts due from customers for rnerchandise sold or services perforn)ed in the ordinary
course of business.
Trade debtor5 are reco￿lS¢d initially at the transaction price. They are subsequenily measured at amortised cost
using the eff￿tIVe interest method, les5 provision for impaimient. A provision for the impaimient of trade
debtors is established when there is objective evidence that the chariry will noi be able to collect all atnounts due
according to the original temis of the receivables.
Cash and cash equivalent5
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid
investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of
change in value.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of
the obje¢tives of the charity.
3 Income frorn donat10115 and l¢g8cie5
Unreslricted
funds
General
Totsl
runds
Donations and legacies:
Donations from individuals
Grants, including capital grants;
Grants from diocese
Other income from donations and legacies
58,294
58,294
227,973
3,000
227,973
3,000
Total for period ended 31 May 2024
289,267
289,267
4 Other illcome
Unrestricted
fund5
General
Total
funds
Rental income
4,990
4,990
Total for period ended 31 May 2024
4,990
4,990
Pagell

Manchester CCRC Trust Ltd
Notes to the Financial Statements for the Year Ended 31 May 2024
S Expenditure on eharitable activities
Unrestricted
fund5
General
Total
funds
Note
Services & activities
Staty costs
Governance costs
98,721
121.030
3,784
98,721
121,030
3,784
Total for period ended 31 MAY 2024
223,535
223,535
6 Other expenditure
Unrestrtcted
fllnds
General
Total
funds
Note
Marketing and publicity
Depreciation, amortisation and other similar costs
Other re50ur¢es expended
7,402
4.523
474
7.402
4,523
474
Total for period ended 31 May 2024
12,399
12,399
7 An#lysi5 of governanee and support costs
Governance costs
Unrestricted
funds
General
Total
funds
Independent examiner fees
Examination of the financial statements
Other fees paid to examiners
Legal & professional fees
660
1.524
1,600
660
1,524
1.600
Total for period ended 31 May 2024
3,784
3,784
8 Trustees r¢rnuneration and expenses
No trustees. nor any persons connected with them, have received any remuneration from the chariry during the
year.
Page 12

Manehester CCRC Trust Ltd
Notes to the Financial Statements for tbe Year Ended 31 May 2024
At the beginning of the year, while the bank account was being set up, both trustees and employees paid for a
significant number of transaction5 Using personal credit cards, the expenses then being reimbursed io ihem once
the fund5 were received in the bank. All of these exp¢n5es were appropriately approved before reimbursement
was nthe.
9 StatT costs
The aggregate payroll costs were as follows..
2024
Staff eosts during the year were:
Wages and salaries
Social security costs
Pension costs
Other staff costs
15,467
3,603
1.553
407
121,030
The monthly average number of persons (including senior rnanagemeni I leadership team) employed by the
charity during the year expressed as full time equivalenis was as follows:
2024
No
All employee5
No employee received emoluments of more than £60,000 during the year.
10 Independent examiner's remuneration
2024
Examination of the financial statements
660
Other f¢¢5 to ¢xamin¢r5
All other services
1,524
Page 13

Manchester CCRC Trust Ltd
Notes to the Finanei21 Stalements for the Year Ended 31 May 2024
I l Taxation
The charity is a registered charity and is therefore exempt from taxation.
12 Tangible fixed assets
Land and
buildings
lrnprovemenls
to property
Equipment
Total
Cost
Additions
2,350,000
31,546
27,049
2,408,595
At 31 May 2024
2,350,000
31.546
27,049
2,408,595
Depreciation
Charge for the year
1,166
3,357
4,523
At 31 May 2024
1,166
3,357
4,523
Net book value
At 31 May 2024
2.350,000
30.380
23,692
2,404,072
13 Debtors
2024
Trade debtors
490
14 Cllsh c#$h equivalents
2024
Cash on hand
Cash at bank
344
7.584
7,928
15 Creditors: amounts falling due within one year
2024
Other taxation and social security
Pension scheme creditor
Aecruals
1.979
508
1,680
4,167
Page 14

Manebester CCRC Trust Ltd
Notes to the Financial Statements for the Year End¢d 31 May 2024
Other borrowings
The Diocesan Board of Finance loan with a Carrying amount of £2,350.00012023 £Nil) is denominated in £
with a nomin81 interest rate of O /0 {2023 00/01. The final instalment is due on 31 December 2052.
The loan ss unsecured and is repayable in equal installments commencing in 2028
16 Creditors: amounts falliThg due after one year
2024
Other loans
2,350.000
17 Funds
Incoming
resources
Resources
expended
Balance at 31
May 2024
Unrestricted funds
General
294,257
235,934}
58.323
Unrestricted funds
18 Analysis of net sssets between fllnd5
Unrestricted
fund5
General
Total funds at
31 May
2024
Tangible fixed assets
Current assets
Current liabilities
54,072
8,418
8,7391
54,072
8,418
(8,7391
Total net assets
53,751
53.751
19 Related party Iransacti0115
Th¢re were no related party transactions in the year.
Page 15

Manchester CCRC Trust Ltd
Independent Examiner's Report to the trustees of Manebester CCRC Trust Ltd ('the
Company,)
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 May
2024.
Responsibilitie5 and basis of report
As the charity's trustees of ihe Company (and also its directors fL)r the purposes of company law} you are
responsible for the PTeparation of the ￿coUnt$ in aceordance 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 Aci and are eligible for independent examination, I report in Te5pect of my examination of YOUT charity's
accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Aci'l. In Carrying out my
examination I have followed the Directions given by the Charity Cominission under section 145(5llbl of the
2011 Act.
Independent examiner's statement
Since the Company's gross income exceeded £250,000 your ¢xaminer must be a member of a body listed in
section 145 of the 201 l Act. I confiTm that l am qualified to undertak¢ th¢ examination because l am a member
of , which is one of the listed bodies.
I have COTnpleted my examination. I confm that no matters have come to my attention in connection with the
examination giving me cause to believe..
&¢counting records were not kept in respeci of Manchester CCRC Trust Ltd as required by section 386 of
the 2006 Act; or
2. the accounts do not accord with those records- or
3. the accounts do not comply with the accounting requirement5 of section 396 of the 2006 Act other than
any requirement thai the a¢¢ounts give a 'true and fair view which is not a matter considered as part of an
independent examination,. or
4. the accounts have not been prepared in accordance with the m¢thods and prlliciples of ihe Statetnent of
RecoTnmended Practice for accounting and reporting by charities lapplicable to charities preparing their
accounts in accordance with the Financial Reporting Siandard applicable in the UK and Republic of
Ireland (FRS 102)].
I have no concerns and have come acr055 no other matters in connection with the examination to which attention
should be drawn in this report in order to enable a proper undersianding of the a¢counts io be reached.
Chris Booth
McKellens
I l Riverview
The Embanknient Business Park
Vale Road
Heaton Mersey
Stockport
SK4 3GN
28 March 2025
Page 6