Reglstered Charlty Number: 217014
Report of the Trustees and Unaudited Financial Statements
For the year ended 31 December 2024
For
The Manchester Chartered Accountants Students, Society
Manchester
Chartered
Accountants
Student Society

The Manchester Chartered Accountants Students. Society
Charity Infomiation
for the year ended 31 December 2024
The trustees present their retx)rt with the financial statements of the charity for the year ended 31 December 2024. The
Iruslees have adopted the provisions of the Stslement of Recommended practi￿ - A￿OUntIng and Reporting by
Charities.. SORP applicable to charities preparing their accounts in accordance with FRS 102.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity Number
217014
Prlnclpal address
Metropolitsn House
321 Avebury Boulevard
Millon Keynes
MK9 2FZ
Trustees
The Trustees Committee member serving in the year end and since the year end were as follows.,
Belay Mistry
Tristan Robin50n
Miles Dolman
Myles Ley
Pedro Malheiro
Jack Marshall
Ebube Anaduaka
Maddison Turner
Daniela Chiosa
Anna Rigby
Ronnie Rowe
Iresigned 11 August 20251
Iresigned 11 August 20251
Iresigned 11 August 20251
Iresigned 11 August 20251
lappoinled 29 July 20241
lappointed 11 August 20251
lappoinled 11 August 20251
lapFioinled 11 August 20251
lappointed 11 August 20251
INDEPENDENTEXAMINER
Jennifer Daniel FCCA DChA
Slade & Cooper Limited
Beehive Mill, Jersey Street, Manchester, M4 6JG
Independent examiner

Contents
Trustees, Annual Report..............................................................................................................................................
Independent examinerts report....................................................................................................................................
Stalementof Financial Aclivilies..................................................................................................................................
Balance Sheet .
Notes to the financial statements .

The Manchester Chartered Accountants Students, Society
Trustees, Annual Report
For the year ended 31 December 2024
STRUCTURE. GOVERNANCE AND MANAGEMENT
Governing Document
The charity is controlled by ils governing document, a deed of Irusl, and conslitules an unincorporated charity.
The Manchester Chartered Accountants Students, So¢iety IMCASSI is an unincorporated association
governed by the agreed constitution as amended 8 February 1962, 11 May 2006, and 14 February 2013.
Recruitment and appointment of new Trustees
New Trustees are recruited from the body of existing and previous student members, and associate members.
Induction and training of new Trustees
New TrLJStees are advised by the existing and previoLJS members, and receive guidance from the Institute of
Chartered Accounlanls in England and Wales IICAEWI.
Organisational structure
Day lo day management of the Society is delegated to a committee which is aLJthorised to appoint new
Trustees to fill vacancies arising through resignation or death of an existing Trustee. In accordance with the
constitution the Committee is elected annually by way of a majority vote of student members.
Wider network
The number of student members is dependent on the number of trainees within the Manchester area studying for
qualification under the examinations of the ICAEW, which is outside the Charity's Control.
Risk Management
The Trustees have a duly to identify and review the risks lo which the charity is exposed and to ensure appropriate
controls are in place lo provide reasonable assurance against fraud and error.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The main aim of the Society as set out in the constitution and charitable objectives is to provide a link between
sludenl members through the provision of educational, networking and sporting opportunities.

The Manchester Chartered Accountants Students. Society
Trustees. annual report (continued)
for the year ended 31 December 2024
Significant Activities
The Society have had a successful year with the continued enthusiasm towards its events and high levels of
attendance. The year saw the society host ils first Annual Ball at a new venue in re¢enl years which was a huge
success. Alongside this a comprehensive calendar of social events, revision sessions to support students with
their ACA exams and wellbeing focused events to promote and encourage a positive work-life balance in the
profession. We continue lo strive toward promoting a diverse range of events to ensure that our offering remains
relevant, inclusive and meets our society's objectives.
The society made a modest surplus from its activities during the year as it has continued lo build both the variety
and the level of attendance al its events. We have continued lo host free revision sessions to meet our charitable
aims and continue to engage with and expand our membership.
Publlc Beneflt
The society provides events that are open lo all ICAEW students in the Manchester area and does not
discriminate for reasons of colour, creed, race, sexual orientation or age.
ACHIEVEMENT AND PERFORMANCE
Charitable Activities
The society supported The Mustsrd Tree at the Annual Ball this year by hosting a charity raffle in order lo raise
funds for the charity. MCASS undertook no other charitable activities in the financial year other than those
events held in order lo meet ils own charitable objectives.
Fundraising activities
The Society undertook no direct fundraising a¢livilies in the year.
Financial Performance
The results for the year are set out on page 61 onwards of the financial statements. During the year the
Society's reported a profil of £5,23212023'. -£4,058), while expenses of £57,86812023= £50,003) were
incurred in achieving the key objectives of MCASS. The total accumulated funds of the Society at 31
December 2024 amounted lo £21,76612023'. £16,534).

The Manchester Chartered Accountants Students. Society
Trustees. annual report (continued)
for the year ended 31 December 2024
Intemal and external factors
The major risk factors to which MCASS are exposed are..
A reduction in allendee numbers which reduces ticket revenue.,
A reduction in third party sponsorship.,
A reduction in grantlEvent Support Funding from the ICAEW.,
An increase in competitor events in the Manchester area.,
The GDPR rules which may impact the committee's ability lo maintain membership data.,
The general economic climate and rising costs involved in holding networking events requested by
members.,
The high workload of committee members in addition to their MCASS responsibilities, particularly during
study periods.,
Inadequate record keeping and handover of accounts to incoming Trustees by past commillees.
The Trustees continue to pul in place safeguards lo the above risks and feel satisfied that the appropriate steps
are being tsken to miligale these factors.
FINANCIAL REVIEW
Reserves policy
11 is the policy of the charity to maintain unrestricted funds which are the free reserves of the charity. The
charity has free reseNes of £21,766 12023.. £16,534). All funds are unrestricted. The Society required
cash reserves to meet the funding requirements of its Annual Ball which is ils most signtficant cash
outflow in the period.
The Trustees have deemed the amount of reserves held sufficient to meet ils objectives as set out in the
conslitulion. As well as the significant spend on the Annual Ball which is noted above, in line with the
previous year, there is a continued push towards activities of a more expensive nature in order to
continue lo attract good levels of event allendance, along with inter-professional, free education and soft
skills events which are funded entirely through the reserves of the aforementioned events.
Principal funding sources
Principal sources of income are..
Sponsorship of events by recruilmenl firms and other third parties., and
Proceeds of ticket Sales from sporting and social events.
FUTURE DEVELOPMENTS
The pallern of work has changed such that employees have more flexibility over where they work from albeit with
employers retsining the ability to require employees lo be present in the office a sel number of days per week. In
light of this the committee has continued to review the society's offering of events lo ensure that they remain
appealing lo members and align with the days of the week where office attendance is highest.

The Manchester Chartered Accountants Students. Society
Trustees. annual report (continued)
for the year ended 31 December 2024
FUNDS HELDAS CUSTODIAN FOR OTHERS
Neither the Society nor its Trustees act as custodian Trustee on behalf of others.
TRUSTEES. REMUNERATION AND BENEFITS
There were no Iruslees, remuneration, expenses or other benefits for the year ended 31 December 2024 nor for
the year ended 31 December 2023.
STATEMENTOF RESPONSIBILITIES OFTHE TRUSTEES
Law applicable lo charities in England and Wales requires the trustees lo prepare financial statements for each
financial year which give a true and fair view of the charity's financial activities during the period and of ils financial
position at the end of the period. In preparing financial statements giving a true and fair view, the trustees should
follow best practice and..
Select suitable accounting policies and then apply them wnsislenlly
Observe the methods and principles in the Charities SORP
Make judgements and estimates that are reasonable and prudent
State whether applicable UK Accounting Standards and statements of recommended practice
have been followed, subject to any material departures disclosed and explained in the financial
statements
Prepare the financial statements on the going concern basis unless il is inappropriate to presume that
the charity will continue in operation
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at
any lime the financial position of the charity and enable them to ensure that the financial statements comply
with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for
tsking reasonable steps for the prevention and detection of fraud and other irregularities.
The Iruslees are responsible for the maintenance and integrity of the corporate and financial information
inclLJded on the charity's website. Legislation in the United Kingdom governing the preparation and
dissemination of financial statements may differ from legislation in other jurisdictions.
The trustees, annual report has been approved by the trustees on 3011012025 and signed on their behalf by
Daniela Chiosa
Chair

Independent examiner's report
to the members of The Manchester Chartered Accountsnts Students. Society
I report lo the Iruslees on my examination of the accounts of The Manchester Chartered Accountants Students,
Society for the year ended 31 December 2024 which are set out on pages 8 to 15.
RESPONSIBILITIES AND BASIS OF REPORT
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Act 20111'the Acl'l.
I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in
¢arrying out my examination I have followed all the applicable Directions given by the Charity Commission under
section 145151{bl of the 2011 Act.
INDEPENDENT EXAMINER'S STATEMENT
I have completed my examination. I confirm that no matters have come to my attention in connection with the
examination giving me cause lo believe that in any material respect..
11 } accounting records were not kept in respect of the Trust as required by section 130 of the Act., or
12} the accounts do not a¢cord with those records., or
13} the accounts do not comply with the applicable requirements concerning the form and conlenl of accounts set
OLJt in the Charities IAccoLJnts and Reports) Regulations 2008 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.
I have no concerns and have come across no other matters in connection with the examination lo which allenlion
should be drawn in this report in order lo enable a proper understanding of the accounts lo be reached.
Jennifor Daniel FCCA DChA
Date 3111012025
Slade & Cooper Ltd.
Beehive Mill
Jersey Street
Manchester
M4 6JG
Chartered Certified Accountants

The Manchester Chartered Accountants Students, Society
Statement of Financial Activities
for the year ended 31 December 2024
2024
2023
Note
Income from:
Other Irading activities
63.100
45.945
Total income
63,100
45,945
Expenditure on:
Charitable activities
4 (57,868)
(50,003)
Total expenditure
157,868)
150,003)
Net income for the year
5,232
14,058)
Transfer between funds
Net movement In funds for the year
5,232
14,058)
Reconciliation of funds
Total funds brough fomard
16.534
20.592
Total funds carried for4vard
21,766
16,534
All income and expenditure derive from continuing activities.

The Manchester Chartered Accountants Students, Society
Balance Sheet
as at 31 December 2024
2024
2023
Current assets
Note
Debtors
2,425
5,940
Prepayments
519
Cash at bank and in hand
19,934
12,933
Total current assets
22,877
18,873
Current liabilities
Creditors
-1,111
-2,339
due in less than one year
Net current assets
21,766
16,534
Total assets less current
liabilities
21,766
16,534
Net assets
21,766
16,534
Funds of the charity-
Unrestricted income funds
21,766
16,534
Total charity funds
21,766
16,534
The notes on pages 11 to 15 form part of these accounts.
Approved by the trustees on 3011012025 and signed on their behalf by-.
Daniela Chiosa
Chair

The Manchester Chartered Accountants Students, Society
Notes to the financial statements
for the year ended 31 December 2024
ACCOUNTING POLICIES
The principal accounting policies adopted, judgments and key sources of estimation uncertainly in the
preparation of the financial statements are as follows..
Basis of preparation
The financial statements 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 applicable in the UK and Republic of Ireland IFRS 1021, second edition -
October 2019 (Charities SORP IFRS 102}I, the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 1021 and the Charities Act 2011 and UK Generally Accepted Accounting
Practice.
The charity has applied the exemption available lo small charities in the Charities SORP IFRS 1021 and
does not include a Statement of Cash Flows in these Financial Stalemenls.
The accounts Ifinancial statements) have been prepared to give a 'true and fair view, and have departed
from the Charities (Accounts and Reports) Regulations 2008 only lo the extent required to provide
a 'true and fair view,. This departure has involved following Accounting and Reporting by Charities..
Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with
the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021. second
edition October 2019, rather than the Accounting and Reporting by Charities.. Slalement of
Recommended Practice effective from 1 April 2005 whi¢h has since been withdrawn.
The Manchester Chartered Accountsnls Students, Society meets the definition of a public benefit entity
under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless
otherwise staled in the relevant accounting policy note.
b. Preparation of th8 accounts on a going concern basi$
The Trustees consider that there are no material uncertainties about the charity's ability to continue as a
going conc8rn.
There are no key judgments which the trustees have made which have a significant effect on the
accounts.
The Trustees do not consider that there are any sources of estimation uncertainly al the reporting dale
that have a significant risk of causing a material adjustment to the carying amount of assets and liabilities
within the next reporting period.

The Manchester Chartered Accountants Students, Society
Notes to the financial statements (continued)
for the year ended 31 December 2024
Income
Income is recognised when the charity has enlitlemenl lo the funds, any performance conditions attached to the
itemlsl of income have been met, it is probable that the income will be re￿iVed and the amount can be measured
reliably.
Income from government and other grants, whether 'capital' grants or'revenue, grants, is recognised when the
charity has entiuemenl lo the funds, any performance conditions attached lo the grants have been met, it is
probable that the income will be re￿iVed and the amount can be measured reliably and is not deferred.
Incorne received in advance of a provision of a specified service is deferred until the criteria for income
recognition are met.
d. Fund accounting
Unrestricted funds are available to spend on activities that further any of the purposes of charity.
Designated funds are unrestricted funds of the Charity which the trustees have decided at their discretion to set
aside lo use for a specific purpose.
Restricted funds are donations which the donor has specified are to be solely used for particular areas of the
charity's work or for specific projects being undertaken by the charity.
e Expenditure and irrecoverable VAT
Expenditure is recognised once there is a legal or conslruclive obligation to make a payment to a third party, it is
probable that settlement will be required and the amount of the obligation can be measLJred reliably.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
Debtors
Trade and other debtors are recognised al the settlement amount due after any trade discount
offered. Prepayments are valued at the amount prepaid nel of any trade discounts due.
f. Cash at bank and In hand
Cash al bank and cash in hand includes cash and short lem highly liquid investments with a short maturity of
three months or less from the date of acquisition or opening of the deposit or similar account.
g. Credltors and provlslons
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event
that will probably result in the transfer of funds to a third party and the amount due lo settle the obligation be
measured or eslimaled reliably. Creditors and provisions are recognised at their settlement amount after allowing
for any trade discounts duo.
h. Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments.
Basic financial instruments are initially recognised al transaction value and subsequently measured at their
settlement value.

The Manchester Chartered Accountants Students, Society
Notes to the financial statements (continued)
for the year ended 31 December 2024
LEGAL STATUS OFTHE CHARITY
The charity is a unincorporated charity organisalion, registered as a charity in England & Wales.
INCOME FROM OTHER TRADING ACTIVITIES
2024
2023
Revision Sessions
1,156
1,935
8,596
350
Sports & Wellbeing Events
Social Events
1,248
12,222
Annual Ball
50,788
625
31,925
200
Sundry Income
Total income
63,100
45,945
4. ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES
2024
2023
Events cost
58,055
49,146
Governance costs
(see note
Other costs
14751
500
288
356
Total axpanditure
57.868
50,002

The Manchester Chartered Accountants Students, Society
Notes to the financial statements (continued)
for the year ended 31 December 2024
ANALYSIS OF GOVERNANCE COSTS
2024
2023
Negative balance on the independent
examination fees which was over accrued by
in the prior year and was released in 2024. An
independent examiners fee of £525 has been
accrued as part of this.
Independent
examination
£1,000
14751
500
Total expenditure
14751
500
6. TRUSTEE REMUNERATION AND EXPENSES. AND RELATED PARTYTRANSACTIONS
Neither the Iruslees nor any persons connected with them re￿iVed any remuneration during the year12023.' nill.
No trustees received travel and subsistence expenses during the year12023.' nill-
There are no donations from related parties which are outside the normal course of business and no restricted
donations from related parties.
No Iruslee or other person related to the charity had any personal interest in any contract or transaction entered
into by the charity, including guarantees, during the year12023'. nill.
7. DEBTORS
2024
2023
Trade debtors
2.060
5,940
Other debtors
365
Total expenditure
2,425
5,940

8. CREDITORS
2024
2023
Trade creditors
500
872
Taxation and social security
Other creditors
611
1,467
Total creditors
I,iii
2,339
ANALYSIS OF MOVEMENT IN UNRESTRICTED FUNDS
Balance
at1
January
2024
Asat31
December
2024
Income
Expondilure
Transfers
General fund
16,534
63,100
157,8681
21,766
16,534
63,100
157,8681
21,766
Name of
Generalfund
Descrlptlon. nature and purposes of the fund
The free reserves after allowing for all designated funds