Company Raglstratlon Number 00241676 Charity Number 228577 MANCHESTER SErrLEMENT A COMPANY LIMITED BY GUARANTEE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021 MANCHESTER SErrLEMENT ACCOUNTS YEAR ENDED 31 MARCH 2021 CONTENTS PAGE Members of the Board and Professional Advlws Trustées, Report Independent Auditors, Report lo the Members 16 SLitement of Financial Activities 19 Balance Sheet 20 Cash Flow Statement 21 Notes to the Accounts MANCHESTER SETTLEMENT MEMBERS OF THE BOARD AND PROFESSIONAL ADVISERS BOARD OF TRUSTEES Role Date of in year intmenl Date of in year resi nation el8 Do David Black Michelle Ri Carol Bartram Lisa Purchase Bradle Maria Lester Michael Conwa Toni An lin Treasurer Chair 2310212021 0910212021 1710612020 1410912020 1910312021 COMPANY SECREfARY Date of in yew Date of in year appointment resignation Adrian Ball 2410912019 SENIOR MANAGEMENT TEAM Role Date of in year resignation Adrian Ball Chief Executive REGISTERED OFFICE AND PRINCIPAL ADDRESS New Roundhouse 1328- 1330 Ashton Old Road Openshaw Manchester M111JG AUDrroRS Crowe U.K. LLP Chartered Accountants & Registered Auditors The Lexicon Mount Street Manchester M2 5NT BANKERS The Co-operatlve Bank PLC PO Box 101 1 Balloon Street Manchester M60 4EP SOLICITORS HLF Berry 446 Barfow Mts)r Road Chorllon Manchester M21 OBQ Page 1 MANCHESTER SETTLEMENT TRUSTEES, REPORT YEAR ENDED 31 MARCH 2021 Chalr's Report I VKiuld like to begin my report by thanking the Trustees, Chief Execulive. staff and volunteers that have contributed to th8 charty during the year that has presented huge Challenges for all our beneficiaries and stakeholders. Thg staff and volunleer teams have responded fabulously well to the challenges of delivering $eNices to our most vulnerable service users whilst managing their own health and safety- The trustees extend their thanks and best wishes lo all those that have helped the charity to continue to work during this most difficult period of lime. Our new community focused strategy was launched in the summer of 2019. Ihe strategy brought a refreshed vision. mission and values to our work, refieclive of the current mix of services, and planned outcomes. The Strategy unifies all of the different work streams of the charity within a ¢onsistent purpose and theory of change. The Cycles of Community Change model really came into its own during the year. Our relalionshlps with community members allowed us lo develop new volunteer led Covid-19 response services, such as our new Communty Led Food Pantry, and our Befriending Servlce that are having a massive impact upon the ne8ds of our beneficiaries. 2020121 saw th8 conlinued development new community nursery. wlhin our irrtegrated family services offer. As with all services the numbers of families accessing the services varied with dtfferent stages of lockdown. but we were able to adapt services to meet the needs of families in drfterent ways. Our Supported Housing Services have Continued lo be an effective vehide for delNering outcomes for vulnerable young peopl8. particularly young people leaving care arKI young people who are classed as unaccompanied asylum-seeking children. We were delighted to be able to open 2 new houses accommodating up lo 6 extra young people in February 2021. The o)mmunlty services that we havfr delivered from The New Roundhouse for many years have become much more central lo our purpose. Our work streams have supported different sections of the community - young people, families and older people through programme of engaging. community led activities that have Improved the lives of individuals and have provided plafforms for those individuals to get involved in siJPPOrting others. We have been excited to work with local volunteers lo estsblish a Food Panty ryoviding very Iow-COSt food packages for local families that are really struggllng. The pandemic required us lo rapidly develop and adapt services such that we could continue lo rea¢h out lo communities that were feeling very isolated. In May 2020 we launched our "Open Door" telephone befriending service, taking referrals from local health professionals. The servlce has gone from strength to $lrenglh and is now staffed by a fantastic team of volunteers. This most terrible of years has seen our communty realty slep up lo help those most in need such that we have more then tripled the number of volunteers working with us, whilst developing th8ir skills. We are extremely thankful to them for their commitment. Corporatè Challenges Along with most other organisations, by far the biggest ccffporate challenge was regarding the delivery of essential serVI￿S to our communities Ihrough lockdown periods, and the increasing needs of our charity beneficlanes relating to Covid-19. Our charitable objectives and our values have driven us lo provide seNices throughout the pa51 year, our nursery ha5 been open throughout. initially for the children of key workers. but for all since July. Our supported housiry services have needed to bg in place 2417 and our teams of frontline staff have really stepp8d up to the challenge of provkllng conlinuily of seNKe. The negative Impact upon our fee income frorn Covid-19 related matters was less Ihan we had anticlpaled, and the roll out of government support programmes has helped. The charity was able lo aGc&ss the furlough schème for times when nursery and childcare services were only pem)itted in reslricled circumstances. Page 2 MANCHESTER SErrLEMENT TRUSTEES. REPORT YEAR ENDED 31 MARCH 2021 Longer term, the expected financial reGession may be the mall8r that creates the greatest challenge. If the nalional financial picture impacts upon loGal authority funding, that could have a very signrficanl impact upon all of the income streams that support the charity's work. The charty is very thankful to receive a significant donatlon from the estste of private iThJividual whith is noted in our ￿CountS and wll assist us in over¢oming anlicipaled funding redl￿tIonS in coming years. The trustees would like to thank all of the funders Ihal have made our $ignrficant achievements possible. Major funders have included: Man¢hesler City Council Lloyds Bank Foundation Young Manchester Greater StM)rt The Lottery Our work would not be possible without the commitment of our passionate volunteers and staff who are driven to improve the lives of young people. The board would adéitior¢ally wish to pass on their thanks lo them all. Rèvlew of Charlty'8 Po8ttlon Our financial position al the end of th& rewrting period is healthy. Our free reseNes {unreslricled funds that a not used to fund property) provide for around six months of operating costs as per chartty commission guidelines. Better than expected financi81 performance meant we were able to repay the balance of the loan Ihal we had taken out to establish the nursery environment. Plans for the nèxt 12 month At the time of wrlting the charity has secured 8 contract for the delivery of housing support for a 5 year, period. giving welcome stability, plus the opportunity lo increase our property portfolio to a total of 35 units to makg the maximum of the contract wg have secured. The nursery and other child¢are services are doing very well and are at full capacity, once again the plan here is for a year of stsbility, although discussions Wlth the ¢ouncil about expansion onto an unused children's centre remain an option for expanding services should Irading conditions support this. Th8 tnjslees have designated funds from our free reserves to invest into a range of charilable programmes. enhancing the scale and depth of impact in OUT Youth Work. Befriending and Family Support Services. Funds have also been designated for premises refurbishment. Servi￿ Priorilies Young Peoples Servi¢Es Ilndudiro Supported Housing) We wish to continue with our servi¢e improvement plans, focusslng upon continued staff development. Wish lo become a recogni5ed centre of excellenee with regard lo working with asylum seeking young pwple. The trustees have designated a 1 year fund to enhance the services we provide to local young people., services that will impact upon Ih8ir health and wellbeing Child and Family Services Our absolute priority is to have a financially resilient childcare service that Can have an impact in the long term. Page 3 MANCHESTER SErrLEMENT TRUSTEES, REPORT YEAR ENDED 31 MARCH 2021 We wish to provide a broad offer of integrated child and family services in Openshaw and surrounding areas. We wish to wovide chlldcare that meets the needs of parents (affordable, llexible, high quality}. We want lo support the training and development of local people through volunteering, plaGem8nts and apprenbceships. Communily. Health and Wellbeing We wish to launch a new positive mental health [￿OgramMe Sn advan¢e of a new natK)nal strategy to Invest in community mental health support services We aim to have a buoyanl programme of engaging activity delivered form the Roundhouse and outreach settings that enables provides opportunilies for the community to engage wilh others. We aim to have an extensive programme of health and wellbeing interventions ¢0 designed and delivered with the commLtnity and partner5. We aim lo be a recognised cenlre for Social Prescrlbing- eTrJorsed by local GP'S. W8 wish to have a body of members and volunteers that have a meaningful relationship with the charity. Charty Leadership and Management To deliver all of our ambitions. we need to invest In the development of our teams and our systems. We need to build the capacty and strength of our board of trustees and management team, a￿1 the quality of systems that serye them. so as have a sound succession plan. We aim lo have a marketing strategy that makes the best use of traditional and new medLq lo ensure that we are selling the benefrts of engaging with our charity as an indNidual, group or as a commissioner of services. We aim to have developed an approach to our branding that unlfies our differenl services. We shall invesl more funds that usual in the refurbishment of the New Roundhouse as part of an asset management strategy. We shall invest more resources Into the training and development of current and future leaders. Slgnlficant Evonts Covid.19- financial impact Whilst funding patterns Chan￿ during the year, with s(wme fees being replaced wrth emergency grants, the flexible nature of those grants has enabled the charity lo have a sound financial year which will help u5 10 weather the next few years. The legacy donalK)n the charity Teceived in two 5tag8s tolalling c.£288k provided unrestricted income th8t further supported the in-year position. bul was not required lo subsidise existing delivery plans. Covld-19- managlng ￿rviceS Virus control measureg were implemented such that key worker services could continue to be provided face lo face, and all other work was shrfted lo 8 home working model. Staff have been supported through regular online meetings and have ￿eTited from access to employee assistance helplineg. Building upon our role as a trusted community organi5alion the charity has sought to adapt 8rKI create new services that a5SiSt the communities we support. Our minds are turning to whether services need to be subject to long term redesign. due to new types of need in the community, or imposed, self imposed access restraints. Page 4 MANCHESTER SErrLEMENT TRUSTEES, REPORT YEAR ENDED 31 MARCH 2021 Covld-19- Impact on Staff and voluntegrs 22 staff have been subject lo furlough, some on 3 weeks cycles to enable the ujnlinued delivery of key worker services. Following HMRC rules, staff have only been furloughed where they deliver against private incom& streams that have been affected by "lockdown., all staff employed through public fvnding have been deployed in their normal or new roles as part of our Covid-19 response. Other staff have been equipped lo work from home which has largely proceeded well, although it has highlighted limitations of our supported housing database, which is now subject to revlew. To condude. 20121 was a year Ihal saw great progress towards our strategic g)als and improviThJ financial Stability. The yew also required us to expeTiment with new delivery models and services that wlll be relained inlts the next 12 months. The charity is well centered around our strategies for creating cycles of community change in North Manchester, a position that will enable us to be an important part of the pandemic recovery rlans in the communltles in which we work. Michelle Rigg Chair Date.. 20th July 2021 Page 5 MANCHESTER SErrLEMENT TRUSTEES, REPORT YEAR ENDED 31 MARCH 2021 INTRODUCTION The trustees are pleased lo present Ihelr annual Trustees. report together with th8 financial statements of the charity for the year ending 31 March 2021 which are also prepared to meet the requir8ments for a directors. report and accounts f￿ Companies House. CHARITIES ACT PURPOSES The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association. and Accounting and Reporting by Charities.. Sialement of Recommended Pradice applicable to charities preparing their accounts in a¢¢ordance with the Financial Reporting Stsndard 8ppli¢able in the UK and Republic of Ireland IFRS 102) (effective 1 January 2015). The directors of the charllable company (th8 charity) are its trustees for the purwse of charity law. The trust￿ and offi¢ers serving during the year and since the year end are as per page 1. STRUCTURE GOVERNANCE AND MANAGEMEKr Lagal slatus Manchester Settlement is a private company Ilmite(I by guarantee Ireglstralion number 002416761 and is a gislered charity Iregistralion number 2285771. It is governeé by its Memorandum and Articles of Associ81ion dated 12 August 1929 as amended 16 January 1997. 28 November 2013 and 19 September 2017. GovemaTrG• The charity has a Board of Trustees that oversees the running of the organisation. The Board of Trustees are elected at the Annual General Meeling. Each year, they also elect three honorary officers from their own number= a Chairperson, Vice-chairperson. and Treasurer also a Company Secretary who does not need to be a trustee. The board sh811 be not less than three and with the upper limit defined by the board from time to tim8. Tntstees mu51 resign at the Annual General Meeting if they have been on the Board for three years. Trustees are reGruited and elected rf a particular skill or experience is identified. The Board of Trustees may co-opt advisors lo the B08rd as and when particular skills are required. The Memorandum and Arti¢les of Ass¢¢ialion wer& updated in September 2017 to incorporate the following changes.. a) Reduced minimum quorum al AGM meetings b) Allowing the Company Secretary position to be filled by a non-truslee Charlty Gov¢rnancg Cod• Th8 Trustees have adopted the Charity Governance Code, an upxjate version of which was published in July 2017, and are guided by ils principles and recommended practth for good governance. Indu¢ting Trust I new Iruslees are interviewed prKsr lo appointment by the Chair and CEO before being considered for appointment by the trustees. Upon appointment they are required to undergo DBS Glearance checks 8s part of our safeguarding policy. New trustees then spend a half day in the charity touring the different projects to meet staff and servlce users. They are inducted into the role of a trustee based upon the charity commiss￿￿ guidance. Page 6 MANCHESTER SETTLEMENT TRUSTEES, REPORT YEAR ENDED 31 MARCH 2021 Declsion Making The Iruslees have agreed a scheme of delegation which specrfies the decisions, lirnil$ and tolerances Ihal are available lo Ihe Chief Executive and to other staff. The Irustees agree the ¢harity's strategy and budget plus a limited range of statutory policies. The Chief Executive may make decisions that are in accordance with the chanty's strategy and ag￿e￿ budget, induding th8 hiring of staff and agreeing contracts. OUR PURPOSES AND ACTivmES Objectlvos of Manchoster S0tt1•ment Manchester Sethemenl is a registered charity established lo develop communlty proie¢ts. promole health and education, and reduce poverty, alongside local people and Ihe public and private sectors. It plans to develop rxoje¢ts and services, making best use of central and local govemment funding and ¢haritably raised resources, using a partnership approach. Stratogios and Activitlès Manchester Settlement is a charity that is rooted in the urban communities of Manc￿Ester. The ¢harlty has existed in varylng forms for upwards of 125 years delivering an ever-changing palette of services to meet the developing needs of individuals, families and communities. We are proud of the breadth of activity that we have been able to sustain, and of the flexibility and desire that we have to move into new areas of activity that will contribule lo the S￿la1 benefit that w8 pursue. The individuals and families of Manchester and the surrounding areas face new challenges all of the time, and we are committed to using our skills to embrace and supwt the power within these Gommunili8s to enhance lives. 'Our Mission To insligate sustainable cydes of change Ihal support individuals, families and communities lo be healthy, compassbjnate and empowered contributors lo dNets8 communllies. Our Vision W8 aspire to a society where people feel more supported. connect8d, emr4)wered and resilient, such that they are motivated lo gel involved in helping others along that sam8 journey. Orvalues Our values are the touch points that should guide us every day, whethw we are applying for fvndirYJ. meeting family members or entering into partnerships. We will always Respect the strengths and needs of all our stakeholders Believe that people are most powerful when connected to commun￿leS Be truthful and transparent Be brave enough to challenge boundaries Our Sustainability As a charity we need lo do all we can to ensure our long-tom) sustainability, thi5 ex ￿l¢1￿Y recognises our need to be financially secure, such that we can continue to invest in the development of quality s8rvi￿. This inlemal sustainability is matched by our desire to increase the environmental sustsinability of the actions of the community locally and globally. Page 7 MANCHESTER SErrLEMENT TRUSTEES, REPORT YEAR ENDED 31 MARCH 2021 OurTheory of Change "Whilst all of our current and fubJre service areas and approaches will have specific methodologies necessary lo meet their particular specifiCat￿nS, Manchester Settlement translate5 our mission, vision and values through .melhodology which applies across our service areas. We aim to crnate cy¢l•s of communlty ¢lMnge that are equalty powerful whatever part of our business we are speaking of. 'The following infographic illu51rates the 'Cycles of Community Change. that our actions are planned 10 generate, cutting across all of our service weas. Creating Cydes of Community Change llogetr*r PrO￿e ullding Bui Trn ,'14"etworks slrydlegies employed to achieve the charity's aims and objectives can be considered within some distinct but Com￿eMentsry Servi￿ &eas: Provision of Young Peoples Serv￿. which although dominated by our Supported Housing se￿Ice$ are now comp4emented by other youth action programmes. Provision of Nursery and Child&ire and Family Support services to support the development of local children outside and to SUPPOrt local families in accesslng work through the provision of affordable provision. The co design and co delivery of indusNe actNities and services hwth communty members that enhance the Ilves of individuals and Ihe ¢ommunities to which are or could be connected. Public Benofit In shaping our objectives for the year and planniTrJ our activities, the trustees have considered the Charity Commission's guidan¢& on public benefit, including the guidance'public benefit-. running a chanty,. The original objects of Manchester Unlversity sett￿ment defined in the Memorandum arKI Articles of Association registered in 1929 are.. To promote thè soclal welfare of the poorer residents In the City of Manchester and neIghb￿rhocrfJ. The beneficial area Is the City of Manchester and Oislrict. In 2013 Manchester Settlement adopted a new set of Memorandum and Articles which elaborated on thls slighily saying.. To promote the advancement of education. the furtherance of health and all other measures for the social welfare of the poorer ￿sIdentS in Ihe Cty of Manchester and neighbouring distrKts. Page 8 MANCHESTER SEThLEMENT TRUSTEES, REPORT YEAR ENDED 31 MARCH 2021 The Trustees, report sets out the activ4ties and achievements of the charity during the year ended 31 March 2021. From ihe Trustees, report it can be seen what the benefits are and thal the benefits are related to the aims Sel out above. Our work has continued to be centred around 3 interlinked streams,. Childcare and Family seTvice$, Young People's Services, and The Health and Wellbeing of the Community. All ol thi5 work has benefited bolh the dired beneficiaries themselves and their communities throughoul the City of Manchester. All of the beneficiaries could be described within the terms of the original 1929 Memorandum and Articles of Association as "the poorer res￿entS of the City of Manchester an(i neighbourhood. and no individual has been excluded on the basis of their inability to pay or by geographical or inappropriate restrictions. The availability of places is limited only by numbers and criteria of need. In most case5 there is no Charye to the beneficiary because payThent is received on their behalf from the public purse. ACHIEVEMENTS AND PERFORMANCE Man¢h•ster Settlern8nt Supported Houslng Project- First Key Homo¥ Chjr service comprises of 29 homes, Into which we wceiv8 r8ferrals from Manchester City Council for vulnerable young people, who are in the main care leavers. The year saw a further shift in refefrals toward5 young people who had arrived in the UK as unaccompanied asylum seekers IUASC). and we are pleased that we have quickly become recognised as having the skills necessary lo work with thls group of often very Iraumallsed young peorAe. The current capacity of 29 was reached through a partnership with One Manchester Housing ASs￿latIon from whom we lease two. 3 bed houses. In or(ler to be consldered for future contracts the sgrvice was required to be assessed for quality of provision vla a North wesl Framework process. we were one of a small number of providers that successfvlly navigated that process, which then enabled us lo tender for the new &year contract. Impact on Young Poople 11 is imwrtanl for us to measure our impact wilh regard lo how each young person we support vlews their own progress, we measure this in five domains and Gan report impact as follows.. The chart shows the average increase in self-assessmenl scores in each of the domains and helps us to understand where the greatest challenges are, and where we need to focus more of our efforts. Ca80 Stud16S FY arnl MT are 2 ywng Tb3rinya speaking asylum seekers that came lo us through the usual referral process. They were 1dentrf￿ as needing additional support as they were very new to the UK, so we provided 10+ hrs of support per week. They had travelled together al least some of the way from their horne country and when we mel they were very tlmid and unsure. they looked neNous and very stressed out. I can only Imagine their journey and ordeal. We worked dosety lo support them, we worked on shopping trips. how lo use money, find what they wantedAiked etc. I showed them how the house worked, connected them to WIFI and how lo access translator on their phone, all safety features, how lo use cleaning produ¢ls. microwave. u-lube for English language. kitchen utenslls like tin operters, kitchen safety elc. We used interpreters to work on their irKlependence booklets as their language skills were not good bul sinc8 then they have flourished. They have their college interviews coming up, they have taken themselves exploring on the bus around Manchester and have bean lo every meeting and soclal activity we have asked them to. They have made lots of friends, have joined the gym and taken part In our allolmenl and our English classes. They keep Ihgir hom8 ctean aTrJ in good order and they have told me they are very happy, and they love living in their home. Page 9 MANCHESTER SErrLEMENT TRUSTEES, REPORT YEAR ENDED 31 MARCH 2021 When they first arrived, l askd them about what they want to do as they get older. they had never thought about il as they ju51 wanted to be safe but now, they a￿ seeing the possibilitÈs of their futures and are very keen lo learn and build their lives here. YO moved into one of our propertios, initially he strvggled but soon, he managed to adapt to the transition of moving to a ¢omplelely different area and living with new people. Once we established areas that YO would benefrt from he started to allend the ￿}rizon$ activities and b￿ame a regular member of the football sessKins. YO always made il dear that wanted to get his own flat. once he registered on Manchester Move, we began lo do some work sheets from the independence booklet on moving on into Independent living, budgeling. and pricing up items that he would requ*e when he moves in. There were timey during lockdown when he Ihought he would never be offered a flat but after a long wail he was finally offered a place he was happy with. YO is a very organised person which helped him manage and prioritise what is essential when limited to a financial budget. He has now been M￿ed In for over 4 months. I helped him with the move in pro￿$S, and I have been to hls flat since, which he has transformed il into his home. He has furnished and deGorated it whi¢h he so proud of. He ofien contacts us or comes to the office for advice, support, and reassuran¢e showing the strength of the relationship he built with First Key ￿Me$ from move in. lo move ou( and beyond. Communlty, Hoalth and W8llbelng Services The year was dominated by the reorganisalbn of services to meet the needs of those in the ¢ommunty that were most isolated. The Open Door Befriending SeNice was launched in May 2020 tsking referrals from health professionals that had identffieé vulnerable adults that would benefit from a regular telephone call. The servi¢e has gone from strength to strerYJlh, allra¢ling volunteers from a wide range of backgrounds- reti￿d people, students. employees elc. ROUNDHOUSE PAKfRY Open Door tsrih The Roundh(w$e Panty was similarfy establlshed in year following an approach from a l¢xal communty actlvlst. We were able lo take them on a5 8 volunteer, and together we have developed the Roundhouse Pantry, a fa¢ilty that is providing food for usually 300 people each week, at very low prices. This project would not be possible without this assistsnGe we receive from local food suppliers, in the main Fareshare. Morrison's and Tesco Stores. The pantry is staffed by a team of volunteers Ihat are working with us week in week out to provide low Income working families with help. We were also able lo provlde an extensive online health and wellbelng offer. whh a wide range of club5, from book Glubs to yoga. Page 10 MANCHESTER SEThLEMENT TRUSTEES. REPORT YEAR ENDED 31 MARCH 2021 Child and Famlly Servlces Our child and famlly service offer has continwl to develop during Ihe year, despite the clear COVID-19 rostriclions. Our Nursery provided service to the children of key workers. and vulnerable children every week of the pandemic, and we were delighted to be able lo wel¢ome all children back from July. Where restrictions have allowed, we have facilitated parents SUPF)Ort groups, developing the role of parents as volunteers and we have developed new service offers that provide creche childcare for parents attending important appointments. Our after school clubs suffered from greater Teslridions lo re opening and are still operating with restricted numbers, but we are delighted to have been able lo provide a Service for all working parents from September 2020. Our youth and play offer re started in Au9USt 2021. and was soon delivering evening and holiday play sessiLin$. induding the new Club Cre8 provision There are now over 200 children registered with our differ8nl childcare Serv￿$. Th8 nursery team has grown to 15 staff members. the full childcare team has 19 full and part time staff. Impact on Chlldren and Familles The nurs&ry delivers the slatutory Early years foundation Stage (EYFS) leaming and development and ￿￿￿are requirements for children aged O 10 5 years. As children were absent for parts of the year the usual assessments were reduced, we continued lo conduct 2-year-old progress checks. The end of year Cohort tracking shows that the area children need most support in is their language development. Staff have undertaken additional training to support this. and Eady years pupil p￿rnIUM lunding wlll be used lo provide further enhancements. Children with SEND have been supported by early Interventions including additional staffing support. We have be8n instrumental in securing professional input for ¢hildren and Education Health care plans for those children who will need extra support throughout their educalional lourney. We have supported visits and applications lo schools. Parents feedback about the nursery provision and our continued engagement with them ovgr the lockdown has been very positive. Feedback was collected verbally and independently sent to us part￿ularlY about the ¢ontscl we rnainlained with them to support thelr wellbeing and activities for their children. We conducted home visits and delivered activity learning packs to support children's leaming, along with the distribution of food voucher5 and applications for hardship fund grants. Keyworkers benefited from us remaining open lo support their thildeare needs wh￿h allowed us all to support Ihe national effort of keeping essential services up and running. Case Study Child A stsrted nursery In the 2-year-old room in 2019 and had some SEND. Nursery supported the child by developing an Individual education plan and applying for additional staffing support. We recruited staff lo work with the child and through this trusted relationship he was able to non-verbally communicate and be understood. The keyperson SupP￿ted the child to reach lilue goals and progress and th8 child moved up into our pre-schoo5 room. Child A wa5 SUPPOrted throughout lockdown with weware calls and learning packs, his parents were reluctant and fearful for him to return lo nursery after lockdown bul were guided through all the safety procedures we put in place for children to return. Our appllcation for an Education Health Care plan was successful for Chlld A and we worked lo secure him a place in a fantasliG specialist school for the new lerm. During this Ilme. we also supported parents wlh problems around inadequate houslng and food voucher distribution. Page11 MANCHESTER SEThLEMENT TRUSTEES, REPORT YEAR ENDED 31 MARCH 2021 Foedback Nurserypgrent .1 am so glad my child Is in Ihis nursery, you have all worked so hgrd to make it safe. hg is so happy lo b8 al)le to play ￿(h his fvends and l Gan realty fell the differenc& in his development, he has r6ally corne on,. Afterschool Club parent '1 wouldn't have been able to continue working through son7e of the lockdowns rf it w8ren't for sGh¢)ol and the 8fter-school ¢lub, the children were so happy to get out and n7eet their tr￿ndS.. Baby sen$ory class parent '1 startgd the class when my child w8$ 8mund 6 nyonlhs old, we ￿llowed a pattern each week which was 8 nice routing for the babies such as weltton* 8nd go¢xlbye songs w8 really looked forward to the themed weeks 8s It was an opportunity to dress thg babies up which was lots of fun, Ihe classes hfjlped my childs development and sensory 8xperiences. while being 8n opportunity for mg to meet other mums,. CONTEXT Manchester Settlement has been providing an evolving mix of serv￿$ to the residents of North Manchester foT 125 years with the objective of enhancing the lives of community members through projects to improve health, education and community development. The objectives for this work were relevant 125 years ago and continue to be relevant in 2020. The 2016 Our Manchester Strategy highlights the areas of strength and opportunity within Manchester, and areas of continuing challenge within Mancheslgr. 33Ukn of children in the city grow up in povety. There remains significant areas of deprivation across the cty where oulcomes for people are poor and life is a struggle. Mancheslerfs phystsl health is among th& worst in the country and POOT mental health affects too many people. Homelessness has be￿rne more visible In the recent past, with more people sleeping on the streets in the cty centre. Manchester Settlement continues to build the capacty of thos8 who may face the$8 barriers lo have the best chances lo take part and contribute lo the developing cultural and economlc vlsion for Manchgstgr. FINANCIAL REVIEW Flnan¢ial position The charity ended the financial year in a very positive financial posltion. The availability of grants lo support our long-term charitable WOTk with communities affected by Covid-19. and the business support grants available to us ensured that we were able to not rdy upon subsidising seryice delivery from other charitable funds. An unexpected le9acy donation of £288k received in instalmenls has enabled the trustees to plan for servi delivery into 21122 where grant funds have ceased, ensuring continuity of service. Our principal Sources of funding during the year continued lo be unreslricled fe& funding from the sales of childcare places or rental income from our houses plus restricted grant funding for service development or delivery projects,. these are all rewrded as income from charilable activities - 66.1010 of the lolal income of the charity12020- 99.8%). The other 33.90A is derived from voluntary donations, and investment income. Overall, our Ir￿Me increased by 60% Gompared to the previous year12020 saw an increase of 17010}. Page 12 MANCHESTER SErrLEMENT TRUSTEES. REPORT YEAR ENDED 31 MARCH 2021 Our risk management plan focusses the attention of trustees and managers upon areas of financial volatlllty on a monthly basi5. Our budget for 2021122 predicts a surplus of £10K which has been agreed by the board. The budget ulilises £110k of designated funds funded through th8 £288k legacy fund ￿e1Ved this year. The board have allocated this designated fund to projects and developments that have a significant impact upon our beneficiarles. The priorilies for this fvnd have been sel for improved and expanded serv￿$ in Befriendlng. Youth Activities, Family Support and for Improvements to our premises. In 2020121 restricted funds raised for projects support lotalled £269.555 ￿th associated eXpendrf(U￿ of £244,997. In the previous year restricted funds raised were £135,856 with expenditure of £133,756. Ary restricted funds unspent are carried forward for use in following years where permitted. Golng Concern The trustee risk assessment of the tradiro conditions. cash flows and reserves is that whilst the grant income forecast for the next year is reduced, the high level of reserves enables the charity lo designate funds to projects that further charitable objectives. The trustees conclude that the Gharity is a going concorn and that there are no material uncertainties that cast doubt upon the ability of the charity to remain a5 a going Goncern during the 12 months from the signing of the accounts. Inv•Btmenl powers and pollcy The trustees, having regard lo the liquidity requlrements of operatlng the charity opeTate a number of instant access current and deposit aGcounls attractiry low levels of inleresl with high street banks. Balances are monitored to maximise protection from bank failijres. The flagstone aCC￿nt management platfom has teen adopted to 5implrfy the management of multiple aCc￿nIs. Risk Managemont The trust885 have a risk management strategy which eomprlses of: an annual review of the wincipal risks and uncertainlies that the charlty faces and the establishment of policies, systems and prO￿dureS to mitigate Ihose risks vJentrfied in bi-monlhly updates regarding signfficanl changes lo the risk reglsler. the implernenlalion of procedures designed to minimise or manage any polents'al impact on the charty should those risks malerialise. This work has identif￿d that the key risks for the charlty and the key actions are: That Covid-19 reStr￿110nS or 518ff availability éisrupl Maint8in (lisas(ef recovery and Covid-19 management abillty lo deliver services plans Maintain infection control procedures. P￿serve Reserves are higher end of permissible level. Insuff￿lent demandl fee income lo cover costs of Marketing campaign in pla*. delivery. especially in the light of Covid-19 Monthly income and expenditure mniloring. Failur6 to secur¢ Suff￿lent housing support cornracts Ensure quality standards are regularly assessed against required frameworks. Ensure pricing is competitive. Page13 MANCHESTER SETTLEMENT TRUSTEES, REPORT YEAR ENDED 31 MARCH 2021 R080rves policy The trustees operate a risk based approach to identrfying an ideal level of res8Tve5 that wll give our partners and stakeholders confidence that Ihe organisalion is robust. whilst dernonstraling we maximise the impact of our funds upon beneficiaries. The nature and variability of our contracts and income along with our contractual commitments impact upon our risk analysis. The risk analysis has identified that an absolute minimum of three months of operating ¢osl$ should be maintained, but that six months of operating costs would en8￿e us to deliv8r a well•managed servlce that wijuld allow us to ensure a high quality r8design or transfer of assets and aclNlties for the benefit of our b8nefiGiaries. For 2021122 our minimum lev81 of reserves is required lo be £265,000 with a 18rgel level of reserves of £530,000. Of the unrestricted fund of £877,427 (note 151 £275,789 has beer) ulilised to fund the freehold houses, £29.040 fixtures ané fillings and £64,21 S to fund refurbishment. At the 31 St March 2021 there were £508,383 of free reserves which is ck)se to the upper largel level of reserves. The management team wlll closely monrtor income and expenditure duriThJ the fi)rthcoming year and d8pend upon financAal performance will seek lo invest any surplus reserve. Pay policy for s•nlor staff Directors are not paid bul may claim expenses incurred. The salary scale of the Chief Execulive is approved by the full board of trustees following an analysis of comparative organisations and a performance review. Fundral8lng The charity had no fundraising activities requiring disclosure under S16Z4 of the Charitie5 Act 2011. Post Reportlng Yoar Events The management team have implemented a Covid-19 action plan spanning all areas of the charity's services. Services have been adapled to ensure Ihal the service users are 5ti11 receiving support wherever possible. New services such as a telephone befrieThYing service are set lo be delIVe￿d. Trustees, responsibilitios in relation to the financlal statements The charty trustee5 (who are also the directors of the Manchester Seltlemenl for the purposes of company law) are responsible for preparing a Irustees, annual report and financial slalemenls in accordance with applicable law and United Kingdom Accounting Standards (United Ki￿d0M Generally AGcepted Accounting Pra￿l¢e). Company1aw requires the charfty trustees to prep818 financial statements for each year which give a true and fair view of the slate of affairs of the charitable company and of the incoming resources and application of resources. including the Income arKI expenditure, of the charitable cornpany for Ihat period. In preparing the financial stslemenls, the tnJsle8s we required to.. Sglect suitable ace4)unting pc4ieies and then apF4y them consistentty,. observe the methods and principles in the Charlties SORP., make judgements and estimates that are reasonable and prudent. slate whether applicable UK accouni¢ng standards have been followed, sublecl to any malgrial departures disclosed and explained in th8 financial statements., prepare the financial statements on the goiThJ wncern basis unless it is inappropriate lo presume that the charity will continue in business. The truslees are responsible for keeplng proper accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the financial statements com with the Companies Act 2006. They are also responsibl8 for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. Page 14 MANCHESTER SETTLEMENT TRUSTEES, REPORT YEAR ENDED 31 MARCH 2021 The trustees'are responsible for the mair)tenance and integrity of the corporate and financial Information included on the charitable company's website. LegislalioTr in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisd￿lonS. St*•ment as to dlsclosure to our audltors In so far as the trustees are aware al the time of approving ¢ur trustees, annual report there is no ￿levant inlormation. being information needed by the auditor in conne¢lion with preparing their ￿pOrt, of which th8 charity's auditor is unaware, and the trustees, havillg made enQuir￿S of fellow directors and the audrtor that they ought to have individually laken. have each taken all steps that helshe is obliged lo take as a director in order lo make themgdves aware of any relevant audit information and lo establish that the auditor is aware of that Information. The Trustees have taken advantage of the small companies exemptions provided in Sectlon 415A of the Companies Act 2006. By order of the board of trustees MiGhelle Rigg Date 20th JU￿ 2021 Page15 MANCHESTER SErrLEMENT INDEPENDENT AUDITORS. REPORT TO THE MEMBERS YEAR ENDED 31 MARCH 2021 Oplnlon We have audited the financlal statements of Manchester Settlement for the year ended 31 March 2021 thich comprise the Statement of Financial Aclivities. Balance Sheet, Cash Flow Statement ar)d notes to the financial slalements. including signrficant xcounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financrdl Reporting standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accwnting Practice). In our opinion. the financial 5tatements'. give a true and fair view of the stale of the charitable company's affairs as at 31 March 2021 and of its incoming resources and ap￿lication of Tesour¢es, including its income and expenditure for the year then ended.. have been prowly prepared in *cort1ance with United Kingdom Generally Accepted Acwunting Practice.. have been p￿pared in accordance with the requirements of the Companies Ad 2006. Ba85s for oplnlon We conducted our audit in accordance with Intemational Standards on Auditlng {UK) IISAS {UKI) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitsble company in accor(lance with the elhical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidenGe w8 have obtsined is sufficient and appropriate lo provid8 a basis for our opinion. Conclu$lons relatlng lo golng concom In auditing the financial statements, we have concluded that the directorfs use of the going conGem basis of accounting in the preparation of the finar￿121 ststemen15 is appropiiatg. Based on the work we have performed, we have not identified any malerlal uncertainties relating lo events or conditions that. individually or ¢ollectively, may cast significant doubt on the charitsble company's ability to continue a$ a going cA)n¢ern for a period of at least twelve months from when the financlal slatemenl$ are authorised for Issue. Our restKTrnsibililies and the responsibilities of the directors with respgct to going concern are described In the relevant sections of this report. Other Information The Iruslees are responsible for the other informalion conlained within the annual report. The other informallon comprises the infomialion included in the annual report, other than the financial statements and our auditor's report thereon. Our opinion on the financial stslemenls does not cover the other information and. except to the exlent otherwise explicrtly staled in OUT report, we éo nol express any form of assurance conclusion Ihereon. Our responsibility is lo read the other information and, in doing so, consider whether the other intsmation Is materially inconsistent with the financial statements or our knowledge obtained in the audrt, or olherwige appears to be materially misstated. If we identify such material in¢onsislencies or apparent material misstslements. we 8re required to determine whether this gives rise lo a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report In this regard. Page 16 MANCHESTER SErrLEMENT INDEPENDENT AUDITORS, REPORT TO THE MEMBERS YEAR ENDED 31 MARCH 2021 Opinion on other matter prescrlbed by th¢ Companios A¢t 2006 In our opinion based on the work undertaken in the Course of our audlt th& Information given in the directors. report for the financial year for which the financial slatefnenls are prepared is consistent with the finanGial stalemenl$,' and the truslee5' report have been prePa￿d in aGcordan¢e with applicable legal requirements. Matters on whl¢h we are requirod to report by •xception In the light of the knowledge and understanding of the chari18ble company and ils environment obtained in the course of the audit, we have not identified material misstatements in Iruslees, report. W8 have nothing to report in respect of the following mallers in relation lo which the Companies Act 2006 requi18S US to report lo you if, in our opinion.. adequate accounting records have nol been kept by the chantable company, or return8 adequate for our audit have not been received from branches not visited by us.. or the financial statements are not in agreement vthh the accounting records and retums., or certain disclogures of Iruslees, remuneration sp8clfied by law are Th)1 made., or we have not received all the information and 8xplanations we requre for our a￿11,. or the trustees wer8 not entitled to prepare the financial statements in ￿Or￿an￿ with th8 small companies regime and lake advantage of the small companies exemplton in preparing the trustees report and from the requirement to prepare 8 strategic report. Responsibllltles of trustees As explalned more fvlly In the Iruslees, responsibilrties statement Iset out on page 141. the trustees are responsible for the preparation of the financial statements and for being satisfied Ihal they give a true and fair view, and for such internal control as the trustees determine is necessary lo enable the preparation of finanaal statements that are flee from material misstatement, whether due lo fraud or error. In preparing the financlal stslements. the trustees are responsible for assessing the charitable company's ability lo continue as a going concern. disdosing, as applicable, matters related to going concern and using the going corKem basis of accounting unless the Iruslees either intend to Ilquidate the charitable company or lo rRase operations, or have no realistic allernalive but to do so. AudltoVs respon61bllltles for the audit of th• flnancial ststements Our objectives ?re lo obtain ￿asonable assurance about whether the finaDGial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assLJrance, but is not a guarantee that an 4udit condu¢led in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material rf. individually or in the agmate. they could reasonably be expected ID inffluence the economic decisions of users taken on the basis of theso financial statements. Extent to which the audlt was ¢onsldered capable of detecting Irragularftig¥ includlng fraud Irregularities, including fraud, are instances of non-oompliance with law5 and regulations. We identified and assessed the risks of material misslatemenl of the financial 8tatemenls from irregularities, whether due lo fraud or error. and discussed these between our audit team members. We then designed and performe(l audit procedures responsrve lo those risks. Including obtsining audit evidence sufficient and appropriate to provide a basis for our opinion. Page 17 MANCHESTER SETTLEMENT INDEPENDENT AUDITORS. REPORT TO THE MEMBERS YEAR ENDED 31 MARCH 2021 We obtaSned an understanding of the legal and regulatory frameworks within which the charitable company operates. focusing on those laws and regulations that have a dire¢t effect on the determination of material amounts and disdosures in the financial statements. The laws and regulations we consideTe(l in this context were the Companies Act 2006, Charities Act 2011 and em ￿0Yrnent legislation. Auditing standards Ilmit the required audit procedur85 to lden￿fy non, . Lknrestrictsd funds 'Olhw charitable fiirKIs 757.265 1.020,046, {612.058j.. {287,8261.. 877,427,, 2,2(K),701 1.020,046 1633.4391_ 6,622 2,593.930 The fixed asset fund 15 designated as the Manchegter Settlement part of the value of the New Roundhouse building and should be conSide￿d alongside the New Roundhouse Capital Project restricted fund (note 16). Together these funds comprise the total value of the New Roundhouse building. The Houses fund is designaled as the value of the funds Invested in the fwe houses owned by the charity lo deliver chanlable services. The Residual Legacy Fund Comprises of a slngle leg￿ donatlon Vdilh no restricted elements le￿ived in tsvo Installments during 2020121. The priorities for this fund have been $el for improved and expanded services In Page 31 MANCHESTER SErrLEMENT NOTES TO THE ACCOUNTS YEAR ENDED 31 MARCH 2021 Befriendlng. Youth Aclivilies, Family Support and for Improvements lo our premises lo be reviewed after one year, after which revised objectives may be set. Transfgr8 A transfer has been made of £6,622 to the designated fixed asset fund to make a ¢ontritxJtion lo the unrestricted fund for the New Roundhouse capitsl project, this being one year of depreciation on the long leasehold property. Transfer of £287,826 has b8en made to creale designated Residuary Legacy fund to reflect donation received in the year. Balance ai i Incimnlng 1 April 2019,. resources Outgolng i Tran8fars rnsources Balance at 31 March 2020 DwJiqnated funds Fixed asset fu . Pbuses rs8ry Oevelopmert Fund {15.062)' 16,319) 1,165,400, 284,355 35,0¢)0. 1,493,195. 135,0001,, 128.378}, (21.381) 1,443,436 Unrestrkled funds other charitable knd8 659.579 670,590 (6CI7,904} 757,265 2.152,774 670,590 629,285). 6.622 2,200.701 Page 32 MANCHESTER SEThLEMENT NOTES TO THE ACCOUNTS YEAR ENDED 31 MARCH 2021 16. RESTRICTED FUNDS Balance at 1 Incomlng-l Outgolng Aprll 2020 resourcès resources | Baknc• at 31 Transfors , March 2021 RouTrYhouse capital project Our Marthester- IICS grant EYPP14CT Linited ,F Bgswick - Scierte act￿leS 'Laing Charitable Trust Dalrrore Capital Lloyds FourKlalion Morson GroLP 'Ore Mar￿best￿r - parent proiect CiBritable FurKJ mar￿heSter City Council NeighbourtrK)od Cowd 19 Support NatiorAI Lottery Commutity Furvj I .Marthester City Cowcil Buzz H)liday Playscheme Greater Sport - TacklirE Imqualitigs Fund 'Power to Charye - C-19 TradirrfJ .11￿m& Support ,Marthester City CO￿￿1 - 1 st 1000 914.400: 16,622jl 907,778 138.33311 (14,0081 1,792 17,5001 (13,820) 3.6421 901 27,514 901 15,394 (12.120) (58,627), 500 15CM)> 10,000,. (10.000), 1.223 11,223} 19.237> (20.000>1 (22.682}, 25,000 2,318 ma￿h￿ster City cou￿11 - Addttional i Restriction5 Grant ..Jigs8w trb[￿S FASD 18.000 (18.000) (1.000)1 964.633 269.555 {244.997); (6,622>. 982,5e9 P•Je 33 MANCHESTER SEThLEMENT NOTES TO THE ACCOUNTS YEAR ENDED 31 MARCH 2021 Balance at 1 Incomlng Outgolng •ril 2019 resources resour¢ Transfors Balance at 31 March 2020 RouThJtDuse capital project Our Marthesler - VCS grant EYPP14CT Limited scler￿ actimties Lairg -VOl￿teer co-ordlnator Local Sustainability CGR Lloyds Foundation Morson Group One M8thster- parert projéct Tes¢0 .Hate crimg '.NbUhbourf￿d IrNe$tment FLnd ..MCC Buzz Pbliday.Playseheme |Ent8rpri%e Grant Eric Wri9M T￿t FASD 921,022 914,4CKI 38,333 10.000 (38,3331 110.0001 7,650 8.303 8,333 25,000 (25.0301 11,2501 (26,9881, (2.3621 (7,4861, (1.0001 21,843 3,642 901 3.263, 17,500,, 17,500 500 (3.080} (3,777> 5,000, 1,223. 5.000 1,000 135,856 1,000 964.633 969.155 {133,756} (6.622) The New RouThJhouse Capital Project relates to the development of the new premises. The restricted fund on the New Roundhouse represents the amounts contributed by Manchester College who have been granted a long term lease, thus restricting their use of part of the building. The Wellbeing and Community (Our MCR, EYPP14CTI prolecls develop community aGtivities to promote communlty engagement in learning. health and wellbeing. F Beswick- Science Activities Is a one-off donation over ten years to support 5Gience related activities with young people. The Volunteer coordinator fund has been established by a grant from the John Laing Charitable Trust and Dalmore Capital to fund the co-ordination of volunteering across the Gharity. Lloyds Charllable Trust is a restricted fund that supports our work with young people leaving care through the provislon of supported housing and aGtivilles lo promote 9ngagement. The Morson Group h88 funded 18 months of inlgrnet provision into the supported houses projecl. One Manchester has grant funded an 18-monlh project to develop Parent and Community Led childcare initialives. The Tesco group has provided fvnds lo delivgr activities with young ￿Ople on the 8UPPOrted housing proje¢t. Hate crlme Is a grant from MACC to deliver actNitI'es that promote hale crime reporting mechanisrns. Neighbourhood Investment Fund wa5 a grant from local counalors to-. al provide festival activities, and b) Purchase 8 defibrillator arK1 associated training. Page 34 MANCHESTER SEThLEMENT NOTES TO THE ACCOUNTS YEAR ENDED 31 MARCH 2021 MCC Buzz Holiday Play¥¢heme funded summer and Easter activlli8s for vulnerable children. Enlerprise Grant was provided by the Soclal Investment Business to cary out a fgasibility study looklng at provlding floating support housing services. Er￿ Wright Trust provided a grant towards core costs. FASD is a grant that help lo facilitsle rE￿rkS of faM￿leS caring for children afferted by Foetsl Alcohol Speclfum Disorder {FASD}. LandAid Charitable Fund is a combination of 3 grants provlded to us by the Land Aid Property Charlty to support proje¢ts with vulnerable young people. Two grants {£57k and £17.4kl We￿ provided for refurbishment projects, a fvrther £3.7k for enhanced IT projects. MCC Neighbourhood Covid 19 support, refers to 8 grant from Manchester Cty for Covid-19 response costs. The National Lottery Communty Fund fiJnded 6 months of c4Jr Open-Door Befriending Service. Greater SFth- Tackling Inequalities Fund provided for a coordinated programme of activities for isotated adults. Power to ChangtrC-19 Trading Income Support was an income support fund to support reduced earned income through lockdown. MCC 1* 1000 days. is a Manchester Council Granl for supporting the parent$. MCC Addibonal Restrictions Grant Is a coun¢il grant lo support charitable businesses throughout lockdown. Jigsaw Homes provided a grant to support the start up ofthe Pantry project. 17. ANALYSIS OF NEf ASSETS BY FUND 2021 2020 , Unrestricted Restricted furKIs fu￿1$ Total fuThJs 2020 fund8 2021 Tangible r￿ed 1 1,797,721 .8ssets 1,813.710. 914.400 Y)7,778' 2,705,499. 2.728,110.. 35.000. 351.991 i 2.200,701 Other net assets. 761,209,: 2,593,930., 74,791 I 982,569 402,224,; 3,165.334: 3.576,499 964.633. 18. CAprrAL comm￿mENT Manchester Settlement has entered into a ¢ontract with Elile Partitioning & Ceilings LTD for providirrfd capitsl goods and services. At the year end, MS paid 25% deposil of £1,09) for building the wall lo be ¢omFleled in April 2021. Remaining sum of £3,477 to be paid on completion in the financial year 2021122. Page 35 MANCHESTER SETTLEMENT NOTES TO THE ACCOUNTS YEAR ENDED 31 MARCH 2021 19. OPERATING LEASE COMMITMENTS The tharity had total commitments under operating leases expiring 8s fdlows.. EquiFxi*nl Property_. 2020 2021 2020 2021 <1year 2-5 years > 5 years, 5211 1.433, 5.762 1.988 14,281 57,125 40,463 111,869 1.954: 7.750 20. COMPANY LIMITED BY GUARANTEE Under paragraph 8 of the Settlement Memorandum, every member undertakes to contribute lo the assets of the Settlement in the event of being wound up while he or she is a member, or within one year after he ￿ she ceases lo be a member, for payment of the debts and liabilities of the Settlement contracted before he or she ceases to be member, and of the cosls, Charges and expenses of winding up and for the adjustment of the rights of the contributions among Ihemsdves. such amounts as may be required, not exceeding £1 per member. 21. RELATED PARTY TRANSACTIONS There are no entit18S Wlth significant conlrovlnlerest over the charity. There were related party transactions with a sole trader {IA servic8s), a dose family member of a SMT member. All IransactSons were on twmal commercial terms totaling to £4.978 in FY 2020121 IFY 2019120.. £6,468), with ￿tStandIng balance of £356 at the year end. Page 36