Company Reglslratlon NuM￿r 00241676
Charty Number 228577
MANCHESTER SETTLEMENT
A COMPANY LIMITED BY GUARANTEE
ACCOUNTS
FOR THE YEAR ENDED
31 MARCH 2022

MANCHESTER SETTLEMENT
ACCOUNTS
YEAR ENDED 31 MARCH 2022
CONTENTS
PAGE
Mombers of the B08rd and Professional Advisers
Trustees, Report
Independent Autlilors, Report to the M8mber5
Statement of Financial Activities
14
17
Balance Sheèt
Cash Flow Statement
19
Notes to the Accounts
20

MANCHESTER SEThLEMENT
MEMBERS OF THE BOARD AND PROFESSIONALADVISERS
BOARD OF TRUSTEES
Rolè
Dat8 of in year
inlmenl
Date of in year
resi nation
el8 Do
David Black
Michellè Ri
Carol Bartram
Maria Lesler
Michael Conw8
Toni An lin
Martin Sutton
ela Beacon
Lukes
ib Abdullahi
Treasurar
2010912022
Chair
2810212022
2010912022
2010912022
2010912022
2010912022
Na
COMPANY SECRETARY
Adiian Ball
2410912019
SENIOR MANAGEMENT TEAM
Role
Adrian Ball
Chief
Executive
REGISTERED OFFICE AND
PRINCIPAL ADDRESS
New Roundhouse
1328 - 1330 Ashton Old Road
Openshaw
Manchester
M11 1JG
AUDITORS
Crowe U.K. LLP
Chartered Accountants & Registered Auditors
The Lexicon
Mount Street
Manchester
M2 5NT
BANKERS
The Cwperative Bank PLC
PO Box 101
1 Balloon Street
Manchester
M60 4EP
SOLICITORS
HLF Berry
446 Barlow Moor Road
Chortlon
ManchÈsler
M21 OBQ
Page 1

MANCHESTER SETTLEMENT
TRUSTEES, REPORT
YEAR ENDED 31 MARCH 2022
Chair's R¢port
I would like to begin my report by thanking the Trustees, Chief Executive, staff and volunteers that have
contributed to th8 charity during the year. The ¢h8rty has continued lo grow its impact through the exlonsion of
services aNI the d8velopmenl of new services. often related to the post covbj landscape.
We have benefitted greatly from many partnerships that have provided both funéing for our aclivilies, and
advice and support lo enable us lo increase our effectiven&ss. 2021122 saw the charity investing our reserves
into a number of Sgrvice delivery projects. demonstrating our commitment lo recycling sury)lus funds within the
communty. We were able to continu8 the delivory of a telephone befriending serV￿e for some of most
isolated communrty members as a result of this inl8rnal prioritisatr'on. for in5tsnce.
The general expansion of Charty activity allowed for tho appointment of a marketing professional. which has18d
to huge improvements in the way that the charity presents ilsew lo the ¢ommunity and our partnèrs. Work which
we are sure S￿11 bode well for when seek further resources to cary forward our strategy. We have been very
appreciatwe of the support provided to us by Lloyds Bank Foundation in developing a new charity purpose
statement (STRONGER COMMUNITIES TOGETHERI and associated Theory of Change which will b8 evident
throu9h)ul this report and will slftjcture our future impact reporting.
Our Supported Housing Services have benefited from a new block contra¢l from Manchester Cty Council
which has recognised our expertise in working lo se¢ur8 the best possible outcomes lor young pgople who
arrived in the UK a5 unacwmpanied asylum seekers. This 5 year contract gives se¢urity for our services in tho
medium leim, and a platform frir further development and growth in the fa¢e of curttrnlly unmet ne8ds.
The community services that we have delivered from The New Roundhouse for many years have become
much more ctrnlral to our purpose. Our work stream$ have supported drfferenl sections of the community
young people, families and older people through programmes of engaging. community led activities that have
improved the lives ol individuals and have provided platfoms lor those individuals lo get involved in supporting
others. We have been excited lo work with local volunteers to e$tsblish a Food Panty providing very low-cosl
food packages for lo¢BI famllias that are r6ally struggling.
Page 2

MANCHESTER SEThLEMENT
TRUSTEES, REPORT
YEAR ENDED 31 MARCH 2022
Our childcare and family support services have continued to work with very large numbers of children dnd
families. Our Nursery provision was just 3 yèars old in September 2022 bul Combined with our after-school
provision was provided education for over 130 children each week. with a waiting list at most tSmes ol the year.
We are very proud of the way that our staff team have embraced the community and family focuss8d nalure of
our provision. This ¢ommunity focus was reinforced through OUT charity re-branding exerGise, whereby all our
Ghildcarè was branded as 'Manchesler Settlement Community Nurserl,.
Corporate Challenges
It has been a year of continugd steady growth for the charity. Core management systems h8ve Improved
considerably due to investments in our admin, marketing and finance teams, laying the foundations for fulure
xpansion.
Ch8rty financÈs remained strong, allowiThJ the board of Iruslees to embark upon dialogue with long lenn
leaseholders (the LTE Group) regarding th8 buy out of their right to use significant parts of our buildlng. The
Conclusion of thls transaction is planned for athumn 2022, socuring the future space for the growth of services.
A nurnber ol twstees have Indicted a wish lo reli￿ in the near future. Recruitment programme has been
instigated which alw6 to have recruited a number of new truslees lo the board by the 2023 AGM.
Tha truslees would like to thank all of the funders that have made our significant achievements possible. Major
fundgrs have in¢luded-
Manchester City Council
Lloyds Barbk Foundation
Young Manchester
One Manche$ter
OUT work would not be possible without the commitment of our passionate volunteers and stsff who are driven
to Improve the Iwes of young people. The board would additionally wish lo pass on Ihelr thanks to them all.
Revlow of Charlty's Position
OUT financial po8ltion at the end of the reporting period is h8allhy. Our free reserves lunrestricted funds that ar8
not us8d lo lund property} provlde for around six months of operating costs as per charity commission
guidelines.
Plans for tho next 12 month
The charity wlll wntinue to implement internal and extemal plans that enable us to deliver on our newly
cOns￿ered purpos& statement- STRONGER COMMUNITES TOGETHER.
Strvl¢e areas and thelr priorities
Young Peoples Servlc*¥ Ilncludlng Supported Houslng
To work with investment partners in order to
increase the supply of hoFne$ for Vulnerab￿ young
adults in Manchester
We wish to continue with our seNice impTovemenl
plans. focussing upon continued staff development
Wish to become a recognised centre of excellence
with regard lo working with asylum seeking young
people
To prepare for a future OFSTED framework that
will be a rnarKJalory inspection arrangernenl for the
service
Page 3

MANCHESTER SETTLEMENT
TRUSTEES, REPORT
YEAR ENDED 31 MARCH 2022
Child and Famlly SorvlGgs
To berome a recognis8d Family Hub. within the Manchester and n81ional neiwork of family hub centres
To explore options for growth of our impact upon children and families in other community settings
To achieve al least silver standards in all council quality awards
To prepare for future Olsted inspectitsns
Community, Health and Wellb•lng
To develop a long term strategy for ensuring an appropriate mix of largeled and open access services
that can be shown for the impact they have on individuals an(1 the community as a who
To d8velop our premises to includè a café styla environment
To develop new partnerships that will ensure that our community hub continugs to be useful for the
community
To respond lo dev&loplng needs, particularfy around fuel and general poverty of families and adults
To build a service offer that Is attraGtive to health coMmiss￿nerS with regard to ¢ommunity health
education and messaging
Charlty Leadèrship and Management
To continue our woik in éeveloping leaders In our charlty. Our new lead8rship group will be helpful
¥Mth this
To creatè a new SharePolnt plattoTm to drfve future developments arwnd internal wmms and data
management
To develop initial then longer term plans for the most impactful and e￿r￿MiCallY resilient ways of using
all ol the* spaces in The New Roundhouse
To build tho capacity and strength of our board of Iruslees and management team. and the qualKy of
Systems that seNe them, so as to have a sound succession plan
To continue lo progress our new marketing strategy
To devise a 'consultan¢y" offer to other org8nisations in areas sueh as markeliry, finance and
childcare
Page 4

MANCHESTER SETTLEMENT
TRUSTEES, REPORT
YEAR ENDED 31 MARCH 2022
Slgnificant Events
DiSCUSSK>ns with the LTE group {inveslors and leaseholders in the New Roundhouse} progress al pace. such
Ihat a conclL¢sion is expected lo th8 buyout of thèir parts of the buildin9 in 2022123.
Signature
Maria Lester
Chair
Date: 20 October 2022
Pag6 5

MANCHESTER SErrLEMENT
TRUSTEES, REPORT
YEAR ENDED 31 MARCH 2022
INTRODUCTION
The trustees are pleased to p￿sent their annual Trustees, report together with the fi'nancial Statements of th8
charity for tha year ending 31 March 2022 which are also prepared to meet the requirements for 8 directors,
report and a￿ou￿1$ for Companies House.
CHARITIES ACT PURPOSES
The financial slalements wmply with tha Charitie$ Act 2011, the Companies Act 2006, the Memorandum and
Articles of Association, and Accounting and Reptrrting by Charilie8.' Statement of Recommended Practice
applicable to charities preparing thelr accounts in accordance wr(h the Financial Reporting Standard applicable
in the UK and Republlc of Ireland IFRS 102)18ffeclive 1 October 20191.
The directors of the charitable company (the charity) ar8 its truste8s for the purpose of charity law.
Th8 trustees and officers serving during the year and since the year end are as per page 1.
STRUCTURE GOVERNANCE AND MANAGEMENT
Legal status
Manchester Sèltlemenl is a private company limlled by guarantee {rggislralion numb8r 002418761 and is a
registered charity (registration number 2285771. 11 is governed by rts Memorandum 8nd Articles of Asso¢lation
dated 12 August 1929 8s amended 16 January 1997. 28 November 2013 and 19 Sept&mber 2017.
Governance
The tharily has a board of Iruslees that oversees the runnlng of the organisation. The board of trustees are
elected al the Annual General M8eb'ng. Each year, they also eloct three honorary officers from their own
number a Chairperson, vI￿-chaIrporSOn, and Treasurer. They also elect a Company Secretary who do8s not
need to be a Iru5tee. The board shall bè not less than three and with the upper limlt defined by the board from
lime to timg. Trustees must resign at the Annual General Meeting if they have been on the board for three
years but may sland again for re-election. Trustees are recruited ar5d el8cted if a particular skill or experience
is identified. The board of trustees may co￿p1 advisors to Ihg board as and when partlcular skills are required.
Charty Govemance Code
The Trustees have adopted Ihe Charity Govemance C¢JJe. an update version of whi¢h was published in
D8cembèr 2020, and are guided by Ils principl6s and recomrnended practice for good govemance.
Inducting Trustees
All new trustees are inteThiewed prfor to appointrnenl by the Chair and CEO before being ¢onsid8red for
appointment by the trustees. Upon appointment they are required lo undergo DBS Clearance checks as part ol
our safeguarding policy. New trustees then spend a half day in the charity touring the diffe￿nt projettts lo meet
Staff and service users. They are inducted into the rolè of a trustee based upon th8 Chority Commission
guidance.
Decision Making
The trustees have agreed a scheme of delegation which specrfies the d8clsSons, limits and tolerances that are
available lo the CEO and lo other stsff. The tnJstè8s agree the charity's strategy and budget plus a limited
range of slalutory policies. The CEO may make decisions that are in accordance with the charity's strategy an
agreed budget. including the hirong of siaff and a￿￿eing contracts.
Page6

MANCHESTER SEThLEMENT
TRUSTEES, REPORT
YEAR ENDED 31 MARCH 2022
OUR THEORY OF CHANGE
We have rethought our whole purpose as a community charity during this year. The exercise has been an
extremely valuable one, prompting Iwstegs, leaders and staff to refiecl upon their own rolo In achieving the
outcomos that we aspire for our beneficlaries.
We have moved from vision and mlssion statements to a simple stst8ment on our purpose that has united staff.
volunleeTS and slakeholflgrs behind a powerful understanding of what we are here lo do, for lthom and how we
will go about doing il.
CREATING STRONGER COMMUNITIESTOGETHER
V,'hat We
Njish to See
ur ATmsl
Vhat We
r SeNce51
Respert the stfenEths #rtd need5 vf all ol otsr siakeholders
Belleve that ppople are most powerful connected to wmmtthities
8etiuthlul and transparent
Be brave pnough to Ihallenge boynda¥ie
Oiir
Value?
MANCHESTER
SETTLEMENT
The most s[gnif￿nt developments arislng from Ihls revi8w were..
1) The formal recognltion of our aspiration lo seg a Strong Community Infrastructure. This recognf(ion
brings lo the front the work we have done behind the scenes previously to support existing and
emergent Community groups.
2) We have adopted cross ¢utting charity outcomes, thBt apply across 011 of our service areas. 8nd hBve
begun lo assess th8 types of outcomes we achieve in these areas.
31 Our re-branding exercise, which has picked up from our theory of change, and has been implemented
as a tool lo further progr8SS that change.
Pag8 7

MANCHESTER SETTLEMENT
TRUSTEES, REPORT
YEAR ENDED 31 MARCH 2022
Public Benefit
In shaping our objectives for the year and planning our aclivilies. the tnjslees h8ve considered the Charity
Commission's guidance on public benefit, including the guidance 'public benefit.. running a charrty,.
The original objects ot Manchester University Settl6ment defined in th8 M8morandum and Articles of
Association registered in 1929 are: To promote the social welfare of the poorer residènts in the Clly of
Manchester and neighbourhood. The beneficial area is the City of Manchester and District.
In 2013 Manchester Settl¥menl adopted a new Set of Memorandum and Articles which elaborated on this
slightly saying: To promote thè advancement of education, the furtherance of health and all other measures for
the so¢i81 wèlfare of the poorer residents in the City of Manchester and ngighbouring districts. The Iruslees
believe these ortginal objects to stsll be relevant and applicable, however they plan to review and update them
8ubjgct to Charity Commission approval in 2022123.
The Trustees, report Sets out the activities and achievements of the charty during the y8ar ended 31 March
2022. From the TTUStees' ￿ port f( can be s88n what the benefits are and that the benefrts are related to the
aims set out above. Our work has continued to be cenlred around 5 cross cutting outeomeg
11 Leamlng and Growth
21 Economic Welfare
31 Wellbeing
41 Inclusion and Acco$S
51 Community Power
All of this work has benefrted both the direct beneficiaries themselves their Comrnunill￿ throughout Ihg
City of Manchester. Al of the beneficiarie5 coultl be descrtbed within the terms of the original 1929
Memorandum an¢J Articles of As$o¢iBlion as "the poorer r&sidents of the City of Man¢hesler and
neighbourhood. and no individual has been excluded on the basis of Iheir inability to Pay or by geographical or
inappropriate restrictions. The availability of places is limited only by numbers and criteria of need. In most
cases there is no charge lo th& b8nefici3ry because paymenl is recewed on their behalf from the public purse.
Page 8

MANCHESTER SErrLEMENT
TRUSTEES. REPORT
YEAR ENDED 31 MARCH 2022
ACHIEVEMENTS SUPPORTING OUR. CROSS CUThING OUTCOMES
t)igital Skills groups and ¢18sseg
Arts and Crafts groups
ESOL classes
Conversation Clubs
Well Women Peer Support groups
Post Covid Irnpa￿ Training
Parent Peer Supporters Programme
Foetal alcohol syndrome act¢vity
Healthy eating dental health education
Slay and play childcare sessions
Nursery education and care to 4 years
After school club daily sessions
PSHE for asylum sgeking young
peoplg
Education advocacy for youThJ people
School Holiday healthy eating clubs
Youth led culture wlhin all our youth
provision
Fre8 or lowest posslble cost a¢tivty
Welcoming, friendly, caring spaces
Renown8d provision for SEN
children
Beneficiaries have 3Q+ nationalities
Targèting activity at excluded
individuals
Telephone bglriending for isolated
individuals
Ensuring suitable access lo those
with learning and other disabilities
Engaging people with mentsl health
issues
Advocating for vulnerable young
people
Celebrating different Gullures and
religions
Youth trustee
Youth
nels
New friendships Greated daily
Par8nts groups create lasting
support groups
Parents Whataspp group I notlce
board
We constantly strove to bring isolaled
people into positive group
environments
Our supported housing work is
based upon creating social network$
We are a trusted source of
information on local agencies
Whole youth off&r creating a
community for the young people
Food Pantry Project
One Money Advice Service
Be W811 advice and support
Slgnposting and Ir)formalion SeNic8
Ciltiens Advi￿ Sessions
Free IT devlces
Free Community Café
Free crèche and stay and play
sessions
Striving to be kjwesl cost childcare
provider in the aiea
Pop Up school unrform shop
Supporting Benefits applicatK)ns
Frge youth activities and trips
Frge loo(J and drinks provided daily
Free holiday activities and a hot meal
Budgeting skills for school aged
throu
h to adults
Wellbeing Wednesdrt .
Thursday CommunTrty Drop in
Signposting lo speci8list advtce
Covid Heatth Equity Wotk
Tai Chi I Senio¥ Exercise l Massa
SenK)r Catch Up Groups
Buggy walks
Early Help I lamily support appro&h
onsures good referral to olhor support
PHSE progr8mmo for asylum $8eke7S
Unks with exlernal support agenci99
e.g.. CAMHS. 42nd Stre81, Eclypse
Worltl Changers stsmmer youth
pro9ramme
I mind you mall¢r project
Openshaw Community
Organisations Ne￿Ork is facilitated
Objectives In place lo secure funds
to pass on to community groups
Free gpace provided for community
groups lo grow their proje¢ts
40+ volunteer5 per year are
5UPPOrted such that they can
improve themselves and the lives of
others
Volunt6er Prolect ideas are investad
Community membèrs have a
continual voice in our strategy and
how we deliver
Page 9

MANCHESTER SETTLEMENT
TRUSTEES. REPORT
YEAR ENDED 31 MARCH 2022
CONTEXT
Man¢hesteT Settlement has been Providing an evolving mix of servit*S to the residents of North Manchester lor
130 years with the objective of enhancing the lives of community mèmbers through proje¢ts lo improve health.
aducalion ané comrnunity d8velopmenl. The oblectives for this work were relevani 125 years ago and continue
lo be relevant in 2022. The refreshed 2D20 Our Manchestgr Strategy highlights the areas of strength and
cf)portunity wlthin Manchester. and areas of conlw)uing challenge wilhin Manchester.
Health.. Mancunian$ have some of the poorest health in the country e.g. healthy life of beh)w 58 years
and high deaths from cancer. heart, and respiratory illnesses.
Poverty.. In March 2019. around 45,150 ¢hildr8n under 16 lived in low-income Iwjuseholds {41(￿* } Sn
MarKhesler compared with the av8rage of 30% across the rest of the country.
A fair economy: Too many of our residents have insecuie wot1( and hwer pay compared to many
workers who work in our city. Fewer Manthester re$￿entS178¥0} eam al least the Real Living Wage.
compared to all workers in our ¢ity {87°hl. and ham of residents with no or low qualrficalions are
unemployed.
Afftjrdable housing.. Manchester has committed to ¢realing 32,000 new homes by 2025- this must
include a range of affordable homes across the ctty to support diverse communities.
Climate change.. The Gity has commilted to becoming zero-CArtfyon by 2038 at thè lalesl and the Counal
declare(i a Climate Emerg8ncy in July 2019.
Brexitr. The UK'S departure from the European Union presents a challenge for many businesses and
our communitses.
Manchester Sett18menl contlnugs to bulld the capacity of those who may face these barriers to have the best
chances lo take part and contribut8 lo the developirBJ cuKur81 an(1 ecOr￿)miC vision for Manch8sler.
FINANCIAL REVIEW
Finan¢i#l position
The charlty endod the fin8n¢ial year in a very positive financial posili¢)n. The av8ilabillty of grants lo support our
long-lerm charitable work with communities affected by Covid-19. and the business support grants available to
us ensured that we weTe able to not rely upon subsidising setvice delivery from other charitable funds. The
previous years. legacy fund has allowed for the selected support of eharily funded projects that would have had
to cease otherwise.
Our principal 50ur¢es of funding during the year continued to be unreslricled fee funding from the sales of
child¢8re places or rental income from our houses plus restricted grant funding for service development or
delwery projects., these are all recordeLt as income from charitable activities - 99.97Y• of the total income of the
charity {2021.' 66.10/.l- The other 0.03Yo is derived from voluntary donations. and investment income. Proportion
of income from charitable activities in the yèar 2021 was lower due to receN4ing large residual legaGy. Overall.
our incomp dg¢r8ased by 12.6°h compared to the previous year12021 saw an increase of 60Vol.
Our risk management plan focusses the attèntbn of Iruslegs managers upon areas of financial volatility on
a monlhly basis. OLJr budget for 2022123 predicts a surplus of £2K which has been agreed by the board. The
budget utilises £82k of designated funds fijnded through the remaining £267k legacy fund received in the
previous year. The board have allocated this designated fund lo projects and developments that have a
5ignifi¢ant impa¢l upon our beneficiaries. The priorities for this lund havo been sel for improved and expanded
sèrvices in Befriending, Yothh Activities, Family Support and for improvements to our premises.
Page 10

MANCHESTER SETTLEMENT
TRUSTEES, REPORT
YEAR ENDED 31 MARCH 2022
In 2021122 reslricled funds raised for Projects support lolalled £157,164 with associated expenditure of
£162,455. In the prewous year restricted funds raised were £269,555 with expendilure of £244,997. Any
restricted funds unspent are carried fO￿ard for use in following years where permitted.
Golng Con¢orn
The Iruslee rlsk 88sessm8nl of the trading conditions, Cash flows an¢J reserves Is that whllst the grant income
forecast for the next year is reduced, the high level of reserves enables the charity to designate funds to
projects that further charitable objective5. The trustees conclude that the charily is a going concem and that
therg are no material uncertainbes that cast doubt upon the ability of the charity lo remain as a going concern
during the 12 months trom the sSgnlng of the accounts.
Investmont powers and poll¢y
The trustees, havitvJ regard to the Iwuidty requirements of operating the charSty operate a number of Instsnt
access current and deposit accounts attracting low levels of interest with high str88t banks. Balances are
monitored to maxlmise protection from bank failures. The Flagstone account managernenl platfom has bee
adopted to simplify the management of multiple accounts.
Rlsk Managem9nt
The Iruste8s hava a risk management strategy which comprises of:
an annual review of the principal risks and uncertaintigs Ihal the Charity face$ and the establishmenl ol
policios, Systems an(J procedures lo mitigate thos8 risks identifi8d in bi-monthly updates regarding
significant changes to th8 risk reglsler.
the impl8menlalion of proctrdure$ designed to minimise or manage any fvx)t8nlial impact on the charity
should those risks materialise.
This work has identified that the key risks for the charity and th¢ key actions are:
Actions to reduce dsk
Risk
-Number8 of tru8tegs I skill proflkn ol truste8$
Progress with current recruitrnent activty
i Future lunding of Communty and Yoijth Re priorilisation of manager lime to bid writing
I programmes
Increased costs for running the building upon New approachl modelling of how to present
&xil of Manchester College
and apply lor overheads
Plan to have NHS partners elc delivering from
the building whilst paying for sessional room
hlre
Reserv•$ policy
The Irusl8&s operate a risk based approach to identifying an ideal level of reserves that will give our partners
and stskeholdgrs confi¢Jenc8 that the organisalion is robust. whilst demonslratlng we maximlse the Impact of
our funds upon ben8ficiaries. The nature and variability of our contracts and Sncome along with our contractual
commitm8nts impact upon OUT risk analysis. The risk analysis has identrfied that an absolute minimum of thre8
months of operating costs should be maintained. but that six months of operating costs would enable us lo
deliver a well-mar)aged service that would allow us to ensure a hlgh quality redesign or transfer of assets and
activities for Ihe benefit of our beneficiaries.
Pago 11

MANCHESTER SETTLEMENT
TRUSTEES, REPORT
YEAR ENDED 31 MARCH 2022
For 2022123 our minimum level of Teseryes is required to be £308,000 wilh a tsrget levol of reserves of
£616,000. Of the unrestri¢ted fund of £1,060,213 (note 151 £269.399 has been ulilised to fund the freehold
houses, £38,549 fixtures and fittings and £66,303 lo fund rèfurt>ishmenl. At the 3151 March 2022 there were
£685,962 of free r8sèrves which is over the upper target level of reserves. The management team will closely
monitor income and expenditure during the forthcoming y8ar and depending upon financoal perfomiance ￿11
seek to invest any surplus resorye to secure k)ng term public benefit.
Pay policy for senior staff
Dire¢lors are not P8itl but may claim expenses Incurred. The salary scale of the Chief Executive is approved by
the full board of Iru8lees following an analysis of comparative organisations and a performance ravlew.
Fundralsing
The charity had no fundraising activities requiriTrJ disdosure under S162A of the Chafiltes Act 2011.
Posl Reporting Year Events
Al the time of writing the trustees are going through a process of acquiring the long tem) sub lèase currently
owned by the LTE gr¢LFP. The acquisition of this leastr will r9dU￿ free roserves lo a lèvel whi¢h the trustees
have accountsd for throtjgh the designation of such funds in th8 2022123 budget. Acquiring the space will
prowde security lo all current Man¢hesler Setllgmenl operations, and will provide a platform for considering
new Charitable servicesl projects. The acquisition will mean that Ir￿reaSed building manag&ment costs will b8
borne by the charity annually, and thèse have been considered with forward budgets.
Trustees. responsibilits.es in r8lalion to the financial statements
The charity twstees (who a￿ also the osirectors of the Manchester Settlement the purposes of company18wI
are responsible for preparing a trustees. annual report and financial stat8ments in accordance with applicable
law 8nd United Kingdom Accounting Standards {Uniled Kingdom Generally Accepted Accounting Practlcel.
Compary law requbres the charity trustees to prepare financial statements for each year whlch give a trua and
fair view of Ihe stale of affairs of the charitable company and of the incoming resources and application of
resources, including the income and expenditure, of the charitable company for that period. In preparing the
financial stalemenls, the trustees are required to-.
Select suitable accounllng polioies and then apply them consistenlty.,
observe the methods and principles in the Charitigs SORP..
make judgements and estimates that are Teasonable and prudenl
stats whether appli¢able UK accounting standards havè begn followed, subject to any material
departures disclosed and explained In the financial stalemenl5',
prepare the financial statements on the going concern basis unless it is inappropriate to pr88ume that
the charlly wlll continue Sn business.
The Iruslees are responsible for keeping proper ac¢ourbting rec(*ds that disclose with reasonable accuracy at
any time the financial position of the charity and lo enable IheThi lo ensure that the financial ststements ¢ompty
with the Companies Act 2006. They are also responsibl¢ for safeguarding the assets of the Charity and hence
taking reasonable steps for the prevention and detection of traud and olher irregularities.
The trustees are responsibl8 for the maintenance and integrty of thg ￿rPOrate and financial infomialion
included on the charitsble company's website. Legislation in the United Kingdom gov8ming the preparation and
dissemination of financial statements may dlffer from legislation in otherjurisdiclions.
Page 12

MANCHESTER SETTLEMENT
TRUSTEES, REPORT
YEAR ENDED 31 MARCH 2022
Stslement as lo disdosure to our auditors
In so far as the Insle8s are awa￿ at the lime of approving our trustees, annual report there is no r81evant
information, being infomalion neèded by the auditor in connection with proparing their report. of which the
charity's auditor is unaware, and the trustees, hoving made enquiries of fellow directors and the audltor that
they ought lo have individually lakon, have each lak&n all steps that helshe is obliged lo take as a director in
order to make themselves aware of any relevant audit infomiation and lo establish that the auditor is aware of
that information.
The Trustees have lakerb advantage of the small Companies exemptions provided in se￿lOn 415A of the
Companies Act 2006.
By order of the board of Iwstees
Maria Lester- Chair
Dale: 20 October 2022
Page 13

MANCHESTER SETTLEMENT
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS
YEAR ENDED 31 MARCH 2022
Opinion
We have audited thè financial statements of Manchestèr Setuefflenl I'lhe charitable ¢ompany'l for th8 year
ended 31 March 2022 which comprise Statement of Financial Aolivities, Balance Sheet, statemènt of Cash
Flows and notes to the financial statements, including significant accounting policies. The financial reporting
framework that has been applied in their preparation is applicable law and United Kingdom Accounting
Standards, includirvJ Financial Reporting Standard 102 The Financial Reporting Standard applicabl¥ in the UK
and Republic of Ireland Iuniled KIn￿j0M Generalty Accepted Accounting Practicel.
In our opinM)n the flnanclal slalemenls..
give a true and fair view of the slate of the charitabte company's affairs as 0131 March 2022 ènd of Its
irtome and expenditure, for the year then ended.,
have been properly prepared in ￿¢(￿dance with Uniled Kingdom Generally Accepted Accountlng PraclKe,'
and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basls for opinion
We condLEctsd our audit in accordance wlth International Standards on Auditing (UK) IISAS {UK}l and
applicable law. ￿r regponsibililies under those stsndards are further described In the Auditor's responsibililbes
for the audit of the financial slalements s8ction of our report. We are Independent of the charitable company in
accordance with the ethical requirements that are relevant to our audlt of tha financial statements in tho UK,
including the FRC'S Elhi¢al Standard, and we have fulfilled our other ethical responsibilities in accordance with
these requirements. We believe that Ihg audit evidence we have obtained is suffici8nl and appropriate lo
provide a basis foi our opinion.
Concluslons relating to golng concern
In audrting the financial slalemenls. we have conGluded that the trustee's use of the going concern basis of
accounting in the preparation of the financial statements is appropriale.
Based on the w(Kk we have performed, we have not identified any material uncertainties relating trj events or
conditions Ih8t, individually or colle¢tThiely. may cast significant doubl ￿ the charitable companys ability to
continue as a going ¢Dncern for a period of at least twelve months from when the financial slalements are
8Lthorised for issue.
Our rasponsibilities and lh8 responsibilities of the trustees with respect to goirbg concern are described in the
rebvanl sections of thi5 report.
other information
The Iruslges are responsible for the other Infomation contained within th8 annual report. Tho other information
comprises the infom)ation included in thè annual report. other than the finan¢lal statement$ Bnd our audllor's
report thereon. Our opinion on the financlal statemen15 does not cover the other infomalion and. except to the
extent olhemise expliciuy staled in our report, we do not express any ftrm of assurance conclusion thereon.
Our responsibility is to read the other informallon and. in doing so, consider whethgr the other informatin Is
materially inconsistent wlh the finanual ststemenls or our knowlèdge obtained in the audrt or othe￿18e
appears lo be materially mi5slaled. If we identify such material inconsistencies or apparent material
misstatements, we are ￿qUired lo delemiine whether this gives rise lo a material misstatement in the financial
stslements themselves. If, based on the work we have perfomed. we conclude thot thère is a material
mlsslal¢m¢nl of this olher infomiation, we are required to report that fact.
We hav8 nothing lo reKK)rt in this regard.
Page 14

MANCHESTER SErrLEMENT
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS
YEAR ENDED 31 MARCH 2022
Oplnions on other malters prescribod by the Companies Act 2006
In our opinion based on the work undertaken in the course of our audit
Ihg information given in the tru5tees' report, which includes the directors, report
pr&pared for Ihe purposes of company law. for the financial year for whlch the financial statements are
prepared Is consistent with tho financial statements., and
tha directors, report included within the Iruslees, ieport have been prepared in accordan￿ with applicable
legal reqLFiremenls.
Matters on which we are requlred to report by exceptlon
In light of the knowledge and understanding of the charitable company and Iheir environment obtained in the
course of the audit, we have not identified material misslalements in the directors. report included wilhln the
tru8lees' report.
We have nothing lo report In respect of Ihe following m8tters in relation lo whKh the Companies Act 2006
requires us lo rgport to you if, in our opinion:
adequate and woper accounting ￿cordS have not been kept; or
the financral 5tatern8nts are not in agreement with the accounting records and returns.. or
certain disclosures of trustees. remuneration specified by law are not made,. or
we have nol rg¢eSv¢d all the informalton and explanations we require for our audit.. or
th8 Irustees wer& N)1 entitled to prepare the ffin8n¢ial statements in accordance with the small companies
iegime and tske advantage of the small companles, exemptions in preparing the trustees, direclors. report
and from the requ1￿ment to prepare a strategic report.
Rosponslblllties of trustees
As explained more fully in the tru5tees' responsibilities slalernent set out on page 12, the Iruslees (who are also
the diredors of the charitable company for the purposes of company law} are responsible for the pr8paralion of
the financial staternenls and for being satisfied that they give a true and fair view, for such inlemal control
as Ihe trustees determine is necessary to enable the preparation of financial slalaments that are free from
material misstatement. whether due to fraud or error.
In prep8ring the financlal ststemenls, the trustees are responsible for assessing the charitablè compony's
abilty lo continue as a going concem. disclc>sing, as appli¢able. matters related lo going concern and using the
going concern basis of accounting unless the trustees either intend lo liquidate the charitable company or lo
Cease op9ralions, N have no realisti¢ alternative bul to do so.
AudIt0￿S responsibilitios for the audlt of the flnancial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whol8 are fre$
from matèrial mi$¥tstement, whether due to fraud or grror. and lo issuo an auditorfs report that includes our
opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit conducted in
accordance wtth ISAS IUKI will alway5 éeleGt a material misstatement when it exists. Misststemenls can arise
from fraud or error and are considered material if. individually or in the aggregate. they could reasonably be
expected to influen¢e the economic decisions of users taken on the basis of these financial slatemenls.
Detsils ol the extant lo which the audit was considered capable of detecting irregularities. including fraud and
non-compliance with laws and regulations are sel out below.
A further descripts'on of our responsibilities for the audit of the financial slalemenls is located on the Financial
Reporting Council's website al.. www.Ir¢.or .uklaudilorsres
nsibililies. This d6scriplion forms part of our
aL￿110r,$ report.
Extsnt to which the audlt was considered Capable of detacting irregularities, includlng fraud
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We identrfied and
assess&d the risks of material misslalemenl of the financial statements from irregularities, whether due lo fraud
Page 15

MANCHESTER SEThLEMENT
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS
YEAR ENDED 31 MARCH 2022
or error, and discusse
ese be￿een our audf( team members. We I
en designed and p8
orm
audit
procetjures ￿sponSive to those risks, including obtaining audll evidence sufficlenl and appropriate to provido a
basis foT our opinion.
We obtained an understandlng of the legal and regulatory ffameworks within which the charit8ble company
operates, focusing on those laws and regulations that hav8 a direct effect on the determination of malerFal
amounts and disclosures in the financial slalem8nts. The laws and regulations we considered in this context
were the Companies Acl 2006, the Charities Act 2011 together with the Charities SORP {FRS 1021. We
assessed the required compliance wrfch these laws and, regulations as part of our audit proc&dure5 on the
ralated financial statement items.
In addition, we considered provisions of other laws and regulations that do not have a direct effect on the
financial slalements but Compliance wlth whiGh might be fundamental to the charitable company's ability lo
operate or lo avoid a mal8rial penalty. We also considered the opportunf(ies and inc$nb'ves that may exist
within the Charitat￿¢ company for fraud. The laws and regulations we considered in this context for the UK
oporalions were employment legislation, taxation legislation and health and safety legislation
Auditing standards limtt the required audit Pfo¢edures lo identify non-cornpliance with these laws and
regulations to enquiry of the Truste9$ and other managerllenl and inspection of regulatory and legal
corresponden￿, if any.
We Idonlified the greatesl risk of material impact on the financial statements from irregularities. including fraud,
to be within the liming of recognition of income and the override of controls by management. Our audit
procedures to respond to these risks included enquiries trf management, 5amp19 18sling grant agreements from
source agreement to posting in the nominal ledger. sample testing of registèr attendance to invoicing and
inclusion in local aulhorily fundlng claims, sample testing rental hir8s from booklng to inVOiCAng, sample tesllng
on the posting of joumals. reviewing ac¢ounling estimates for biases, reviewSng regulatory correspond?n¢e with
thg Charity Cornmission and reading minutes of meetings of those charged wtth gove[nan￿.
Owng to the inherenl limitations of an audr(, there is an unavoKlable risk that we rnay not have del8Cted some
material misstalem8nls in the financ181 statements, even though we havo properly planned and performed our
audit in 8ccordance with atjditing standards. For example, the further removed non-compliance with laws and
regulatsons {irregulariliesl is from the events 8nd transacllons refiected in thè financial statements, the less
likely the inherently limited procodures required by auditing stsndards Would Identify it. In addition, as with any
audit, there remained a higher risk of non4lelection of irregularities, as these may involve collusion, forgery,
inlenlion81 omissions. misrepresentations. or the override of inlemal controls. We are not responsible for
preventing non-compliance and Cannot be expected to detect non-￿MplianGe vllh all laws and regulations.
Use of our report
Thls report is made soFely lo the charitsble company's members, as 8 body, in accordanc8 With Chapter 3 of
Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the
¢haritsble company s member5 those matters we are required lo slate to them in an auditor's report and for no
other purpose. To the fullest extent permilted by law, we do not accept or assume responsibility lo anyone
other than the charitable company and the chorilable Company's members as a body and thè charitsble
company's trustees as a bo¢Jy, for our al￿11 work. for this report, or for the opinions we have fom)ed.
Vicky Szulist
Senior Statutory Auditor
For and on bèh8M of
Crowe U.K. LLP
statutory Auditor
Th& Lexicon
Mount Street
Manchester
M2 5NT
31 October 2022
Pa
816

MANCHESTER SEThLEMENT
STATEMENT OF FINANCIAL ACTIVITIES
(Incorporatlng an income and expenditur• account)
FOR THE YEAR ENDED 31 MARCH 2022
Unreslricled funds
Restricted Totsl fund$
funds
2022
Total funds
2021
Note
Incomè from:
Donallons and legacies
Charitable adivilies
Other trailing activilBs
Investments
282
954,896
15,738
135
282
345,4S9
936,697
6,745
157.164
1.112.060
15.738
135
Totsl
971,051
157.164
1.128,215
1.289,601
ExpendltUTe on:
Charitable ac11vi￿eS
834,837
162,455
997.292
878,436
Total
834,837
162.455
997,292
878,436
Net incoming resources before transfers
136.214
(5.2911
130,923
411,165
Gain on Investments
Transfers
10
5,000
6,622
5.000
15
{6,6221
Net mov¢rnent in funds
147,836
11,913
135.923
411.165
Reconciliation of funds:
Total funds brought forward
Total funds carrlod for4¥ard
15.16
15.16
2,593,930
2.741.766
982,569
970.656
3,576,499
3,712.422
3,165,334
3,576.499
The ch8rity has no rgwgnised gains or losses other than the results for the year as above.
Tho notes on pag05 20 to 34 fomi part of these aecounts
Page 17

MANCHESTER SEThLEMENT
BALANCE SHEET
Reglstered Company number: 0024167
AS AT 31 MARCH 2022
2022
2021
Notè
Flxed assets
Tangible assets
Inv8slmenls
2.689,325
40.000
2,705,499
35.000
10
2,729.325
2,740,499
Current assets
Debtors
11
76,278
961,854
1.038,132
86,486
818,378
904,864
Cash
Cr•dltors: amounts falllng due within
one year
Net ¢uri8nt assèts
Credltors: amounts falling du• after more
than ong ygar
Net as$ets
12
S5,035)
<58,993}
983,097
845,871
19,8711
3.576,499
3,712,422
Funds
Restricted
Unreslricled..
Deslgnated funds
Other
16
1S
970,656
982.569
1,681,553
1.060,213
3.712,422
1.716,503
877,427
3,576,499
The fina￿la1 statements have been p￿Pared in accordance with the provisions appliGable to companies
subject to the small companSes regime and in accordance with the provisions of FRS 102.
These financial statements were approved and authorisad for issue by the board of trustees on the 201h
October 2022 8nd are signed on their behalf by..
Maria Lester
The notes on pages 20 to 34 lonn part of th•sè accounts
Page 18

MANCHESTER SETTLEMENT
CASH FLOW STATEMENT
YEAR ENDED 31 MARCH 2022
Cash flow Statement
2022
2021
Cash Inflows l {outtlow6) from operating a¢tlvities
Nel cash provlded by operating 8¢tivities
20B.380
443,437
Cash Flows from Investing •¢tivities
Dividends and interest from investments
Purchase ol frxed assets
Net cash applied to investing activit
135
46,039}
660
(27.8131
145,9041
{27.1531
C•sh Flows from financlng actlvities
Loan repayment
114.000)
{92.845}
Change in cash and cash equivalents in the year
148.476
323.439
Cash and c8sh 9quivalents at tho beginning of
Ihe year
818.378
494,939
Cash and cash equlvalents at th• ond of the year
966,854
818.378
Net Movement In Funds
2022
2021
N•t movemfrnt In funds for thg r•portlng porlod (••
r tho Statemont of Fln•nclal Actlvltl•¥)
135,923
411,185
Adluslments for:
Depraclallon
Int8r6st recolved
Ilncro8seyDecre88e In dobtors
IncreasollDecreaso1 in cr&Jllor8
62,213
1135)
10,308
171
50,424
16601
{29,9681
12,476
N•t calh provld•d by operatlng a¢fjvltlo8
208,380
443,437
The noto$ on pages 20 to 34 fomi part of thes• accounts
Page 19

MANCHESTER SETTLEMENT
NOTES TO THE ACCOUNTS
YEAR ENDED 31 MARCH 2022
GENERAL INFORMATION
M8nohester Settlement is a private company limited by guarantee and a registered charity. The registered office
and prfncipal address is 1328-1330 Ashton Old Road, Openshaw, Manchester, M11 1JG. The charity is
incorporated in the UK.
ACCOUIffiNG POLICIES
Bas1$ of KGountlng
The accounts have been prepared under Companies Act 2006, and in 8c¢ordance with the Financial Rfiporting
Standard 102 IFRS 1021 and follow the recommendalK•ns in 'Accounting and Reporting by Charities: Sialemenl
of Recommenc18d Practic8° issued in 2015 (revised 1 October 20191. The charity meets the definition of a public
benefit enbty.
Golng concorn
As disclosed in the Chair's Report on page 3 and the TnJstee's Report gn page 11, the trustees assessment of
the trading cor)ditions, cash 11ows and reserves is Ihal whilst the Implicat￿n$ of Covid-19 are ￿ntinuIng and with
new inflationary pressures. plans are in pla¢e to mediate the impact. and flexibilities exist that will enable the
man8g8menl team to reduce costs in a timety way should trading ry)ndilions require it. and conGlude that the
charity 15 a going concem. It is therefore fell that there are no material uncertainties that cast doubt upon the
ability of the charity to rèmain as a going concem during the 12 months from tho signing of the accounts.
Incomlng re50ur¢•s
All Income is recognised in the Statemgnl of Financial Activities when the conditions for receipt have been mel
and there is w50nable assurance of receipt.
Dona*ion$
Donations include amounts received under Grft Aid logother with Income Tax recoverable Ihereon.
Resourc•s •X￿nded
The costs ol projects, fund-raising and publicity. and manag8menl and administration comprise expenditure.
including staff costs, directly attributsble lo the activity. Where Costs cannot be directly attributed to spe¢ifiG
activities they have been allocated to core costs which arg then rscharged to each delivery area on the basis of
proportionate use of square footage in the premises.
Charitabl? oxpendlture
Includes all expenditure directly related to the objects of the Gharily lin accordanc8 With the SORPI and
comprsses project Costs, grants and directly attributable support costs. Govemance costs include those costs
incurred in the governance of the charitys ass8ts and a￿ associated with constilulional and statutory
requirements.
Fund accountlng
Unrestri¢ted fijnds ar8 avBilable for use al the discretion of the dire¢lors in furtherance of the general charitable
objectives.
Restricted funds represent funds received whose use is subject lo restrictions imposed by the donor.
Designated funds represent funds eamarked for a particular use by th8 trustees.
Page 20

MANCHESTER SETTLEMENT
NOTES TO THE ACCOUNTS
YEAR ENDED 31 MARCH 2022
2. ACCOUNTING POLICIES Iconl.}
Inve5tmgnl assets
Fix8d asset investments comprise a Lowry drawing wh￿h is induded at the trustees. best estimate of market
valu9, informed by &xpert advice.
Deprèciallon
Depreciation is calculated so as to write off the cost of an asset. less its estimated rèsidual value. over the useful
èconomic life of that 8sset os follows-
Fixtures and fittings
Leasehold property
Land and buildings
Refurbishment
250h p.a. straight line
149 years straight line
50 years straight line
15% p.a. straight line
Majority of assets l￿ting more than £SOO are ¢apitali5ed al cost.
Assets obtained during quarter 4 are depreclated In th8 followlng accounlirwJ year.
Long leasehold propety is assessed annually for indications of impairment and if nectrssary the carrying value
reduced accordingly.
Dobtor¥
Trad8 debtors are recognise(J at the settlement amount after any trade discounts offered. Pr&paymenls are
valued at the amount repaid net of any trade discounts due.
CaBh at bank and In hand
Cash al bank and in hand includes cash and short term hlghly IIquKI inveslments with a shc*c maturity of three
months or less from the d81e of acquisition or openlng of the deposit or similar account.
CrndSlors
Short lemi CT8ditors are measured at the transaction price. Ot￿r Ilnanclal liabdf(ies. including bank loans, are
measured Initially al fair value. nel of transaction costs, and are measured subsequently at amorti5ed cost using
Ihe effective Interest method.
Flnanclal In$trum8nts
The company only enters into basic financial instruments transadions that result in the recognition of financlal
assets and liabilitie5 like trade and other accounts receivable and payable, loans from banks and other third
parties, loans to related Pa￿&S and investments in non-pultable ordinary shwes.
Financial assets that are measured al cost and 8mortised cost are assessed at the end of ea¢h reporting period
for objective evidence of impaimenl. If objeGtivo eviden¢e of impaimient is found. an impaimient loss is
recognised in the Statement of Financial Activity.
Ponsion costs
The charity operates a definod contribution pension s¢herr* for employees. The assets of the scherlle are held
separately from those ol thè charity. The annual contributions payable are charged lo the Stslemenl of Financial
tivities.
Page 21

MANCHESTER SETTLEMENT
NOTES TOTHE ACCOUNTS
YEAR ENDED 31 MARCH 2022
2. ACCOUPMNG POUCIES (cont.}
Torn1ination payments
The charity accounts for termination payments in the accounting period they are announced.
JUDGEMENTS IN APPLYING ACCOUNTING POLICIES AND KEY SOURCES OF UNCERTAINTY
The company makes &stimales and assumptions con￿MIng the fvture. The resultiro accounting estimates will.
by definition, seldom equal the related actual results. The estimates and assumptions that have a signrficant risk
ol causing a material adjustment to the carrying amounts of as$8ts and liabilities within the next financial yeai ar
addressed below.
11} Usgfvl ecor)omi¢ livgs of tsroiblg assets
The annual depreciallon ¢harge for tangible assets is sensitive lo changes in the èstimated useftjl economic lives
and residual values of the assets. The useful economic lives and residLJal values are re-assessed annually. They
are amended ¥then necessary to reflect cvrrenl estimates, based on technological advancement, future
inveslmenls, economic utilisation and the physical condition of the assets. See note 10 for the carrying amount of
the fixed assets, and accounting policies for the usefijl economic lives for each class of assets.
{ii) Impalrment of debtr)rs
Th8 company makes an estimate of the recoverable value of trade and other deblois. Trade debts have b8en
reviewed by Ihe management leam and trustees. only those with a realistic chance ol recovery have remained as
assets.
When assessing Impairment of Irada and other debtors, rTh4nagemenl considers factors In¢lLKling the current
credtt rating of the debtor, the ageing profile of debtors and historical experience. See note 12 for the net carying
amount of the debtors and associated Impairment provision.
lili) Key sources of estimation uncertainly
Approximately £402.000 of the forecast income in 2022123 Comes from fees. it inclLwJes £394,000 fe8s from the
nursery and child¢arè service. The demand for these services Ss very sensitive to the ability of parents to pay
nursery fees. Actual fee incoma received in Q1 2023 has in fact exceeded forecasts. which indicates less risk
than feared.
Page 22

MANCHESTER SEThLEMENT
NOTES TOTHE ACCOUNTS
YEAR ENDED 31 MARCH 2022
DONATIONS AND LEGACIES
2022
2021
Residuary Legacy
CJRS grant
Donations
287,826
57,283
390
282
282
CHARITABLE ACTivmES
Grants and
Contracts
Fees
Rental income
Other
2022
Young Pèople's Housing Project
Communty Development
Childcare
Organisational Development
464.456
115,639
32,623
25.000
637,718
46,492
10,809
11,645
27.502
521,757
127,284
438,019
25,000
1,112,060
377,894
377,894
46.492
49,956
Grants and
contracts
2021
Fees
Rentsl income
Other
Young People's Housing Project
Community Developmenl
Childcare
Organisat￿n81 Development
313,466
92,070
46,3
23,OIK)
474.836
176,604
909
2,620
12.781
1.987
490,979
94,690
326,041
24,987
936 697
266,960
266,960
176 604
OThER TRADING ACTIVITIES
2022
2021
Room Hire
15,738
15,738
6.745
6.745
Page 23

MANCHESTER SErrLEMENT
NOTES TO THE ACCOUNTS
YEAR ENDED 31 MARCH 2022
RESOURCES EXPENDED
Charltable A¢tivitles
Artivltles
undgrtakgn
dire¢tly
Total 2022
Support
costs
Houses
Young Peoples Housing Project
Community Development
Childcare
6,319
299,782
118,716
369.865
794,682
6.319
392,983
138,977
459,013
997,292
93.201
20,261
89,148
202,610
Support GQ5ts
2022
Activity eX￿nSeS
2.006
11,188
17.393
3.664
105,728
21,084
3.611
1.130
23.507
4.743
194.054
Repairs and maintenance
Rates and facilities management
Staff costs
Depreciatlon
Insuran¢e
Mis¢ellaneous expenses
Office cosls
Professional lees
Governance costs
Auditors, remuneration
8,556
202.610
Page 24

MANCHESTER SETTLEMENT
NOTES TO THE ACCOUNTS
YEAR ENDED 31 MARCH 2022
Charitable Activities
Adivilies
undertaken
diredy
Support
Total 2021
costs
Houses
Young Peoples Housing Project
Cofflmunity Development
Child¢are
6.319
306,957
75,039
331,893
720,208
6,319
379,742
90,862
401,513
878,436
72,785
15,823
69,620
158.228
Support costs
2021
Activity expens85
Uliltties
Repairs and maintenance
Rates and facilities management
Staff costs
Dep￿ciatIOn
Insurance
Miscellaneous expenses
Office costs
Professional fees
715
10.444
18.249
3,293
77.774
15.227
3,804
304
19.046
1.164
150,020
Governance costs
Auditors, remunerdlion
8.208
158 228
Pag8 25

MANCHESTER SErrLEMENT
NOTES TO THE ACCOUNTS
YEAR ENDED 31 MARCH 2022
STAFF COSTS AND NUMBERS
2022
2021
Wages and salaries
Soaal security costs
Pension costs
588.068
36.211
21.899
646.178
487,fv16
32,7DO
16,647
536,993
2022
No.
2021
Chief Executive
Co￿rdInatOrS
Project workers
Adminislralive workers
30
23
32
One member of staff received remuneratlon in excess of £60.00012020121: none).
DurSng the year. no trustees had travel expanses reimbursed {2020121.' none>.
No Iruslee received remLFnoralion or benefits in kind during th8 year.
Th8 key management personnel disclos8d on page 1 rec8iv8d aggrègat8 remuneration, including employers Nl and
pension costs of £70,54712020121= £65.9751.
There were no statutory radundancy payments made in th8 year ended 31 March 202212020r21: non8}-
OPERATING SURPLUS
Operating surplus is slated after charying:
2022
2021
Staff pension contributions
Depreciation
Auditors, remuneration
as auditors
21,899
62,213
16.647
50,424
Page 26

MANCHESTER SE￿LEMENT
NOTESTO THE ACCOUNTS
YEAR ENDED 31 MARCH 2022
TANGIBLE FIXED ASSETS
Flxtures and Long leasehold Fr••hold land
fittlngs
proyrty
and bulldings
Relurbishment
Total
Cost or valuation
Al 1 April 2021
Additions in Ihe year
Al 31 March 2022
126,143
24,001
150,144
2,244.252
635.457
110.960
22.038
132,998
3,116,812
46,039
3,162,851
2.244.252
635,457
Doprèclatlon
At 1 April 2021
Charge for the year
Al 31 M8rch 2022
97,103
14,492
111,595
179.514
15,062
194,576
87.951
12.709
100,660
46.745
19.9￿)
66.695
411,313
62,213
473,526
Net book value
At 31 March 2022
Al 31 March 2021
38,549
29.040
2,049.676
2,064.738
534.797
547,506
66,303
64.215
2.689,325
2.705,499
10. INVESTMENTS
Movement Sn rnarket value
2022
Market valu& at 1 April 2021
Rev35ualion
Market value at 31 March 2022
35,000
s.01
40,000
The L. S. Lowry drawing is included in the aceounls at £40,000 being the valuation at 31 March 2022. The drawing
is held in safekeeping by the Whthorth Art Gallery, M8nchesler, who have provided the voluation of the drawing.
11. DEBTORS
2022
2021
Trade debtors
Other debtors
44.873
31.405
57,297
29,189
76,278
86,486
Page 27

MANCHESTER SErrLEMENT
NOTES TO THE ACCOUNTS
YEAR ENDED 31 MARCH 2022
12. CREDITORS: Amounts falling duo wlthln ong yèar
2022
2021
Trade credttors
Taxation and sodal securfty
Accruals and deferred income
Loans
other creditors
9.459
8,972
25.275
5,171
9,280
27,272
3,884
13,386
11,329
55.035
58.993
13. CREDITORS: Amounts falling due aft•r more one y•ar
2022
2021
Other creditors iauaker loan)
9,871
9.871
Quakor loan (un$è¢urnd
Amalysis of the maturity of the loan is given klow..
<1year
2-5 years
3,884
9.871
13.755
Thé charity decid8d to make an earfy full repayment of the loan provlded by Quaker during the year.
Page 28

MANCHESTER SE￿LEMENT
NOTES TOTHE ACCOUNTS
YEAR ENDED 31 MARCH 2022
14. FINANCIAL IMSTRUMENTS
2022
2021
Financial assets that are measured at amortised cost..
Cash held
Trade debtors
Other debtors gxduding prepay7nents
961,854
44.873
30
818,378
57,297
1,006.757
875,729
2022
2021
Financial liabillties that are measured at amortlsed cost..
Trade creditors
Other creditors
Accrua15
9,459
7,773
12,219
5,171
19,302
12,635
29.451
37.108
15. UNRESTRICTED FUNDS
Balance at 1 In¢omlng Outgolng
April 2021
rosource$
rosourc•$
Transfers
Galn
Balance at 31
March 2022
D•signat•d funds
Fixed asset fund
Hous8S
Residuary Legacy
1,156,960
271,717
287.826
1,716,503
115.0621
6,3191
120,1911
141,5721
6,622
1.148,520
265,398
267,635
1,681,553
6,622
Unr•strieted funds
Other charitable ftjnds
877,427
971,051
1793,2651
5.000
1,060,213
2,S93,930
971,051
834,837
6.622
5,000
2.741,766
The ffixed asset fund is des*3nated as the Mancheslgr Settlement part of the value of the New Roundhouse building
and should be considered alongside the New Roundhouse Capi181 Project reslricled fund (note 16). Together these
lunds comprise the total value of the New Roundhouse building. The Houses fund is designated as Ihe value of the
funds invested in the five houses owned by the charity lo deliver charitable sewices.
The Residual Legacy Fund comprises of a single legacy donation with no restricted el8ments received in
installments during 2020121. The pfiorities for this fuThl have been sel for improved and expanded sery1￿S in
Page 29

MANCHESTER SETTLEMENT
NOTES TO THE ACCOUNTS
YEAR ENDED 31 MARCH 2022
B&friending, Youth Aclivilies, Famlty Support and for improvements to our prernises. During FY 2021122 there was
£20,191 utilised from Residual Legacy Fund.
Tiansfers
A transfer hos been made of £6.622 to the d*signated fixed asset fvnd to make a contrfbutlon lo the unrestricted fund
for the Ngw Roundhouse Capital pioiecl, this being one year of depreciation on the long leasehold property.
Galn
A gain of £5,000 has been made by revaluation of The L. S. Lowry drawing to market value of £40,000.
Balan¢e at 1 Incoming Outgolng
Aprll 2020
re$ourc&5
re$our¢es
Balanco at
Transfers 31 March
2021
Deslgnated funds
Fixed assel fund
Houses
Residuary La9acy
1,165,4(KJ
278,036
115.0621
16,3191
6.622 1,156.960
271,717
287.826
287,826
294.448 1,716.503
1.443,436
121,3811
Unr•strScted funds
Olhgr ¢harilable funds
757,265 1.020.046
{612.058I (287,8261
877,427
2,200,701
1,020.046
833,439
6.622 2.593.930
Pag¢ 30

MANCHESTER SErrLEMENT
NOTESTO THE ACCOUNTS
YEAR ENDED 31 MARCH 2022
16. RESTRICTED FUNDS
Balanco at 1 Incoming
Aprll 2021
resources
Outgoing
resources
Transfern
Balance at 31
March 2022
New Roundhous9 capital project
Our ManGh&sler- VCS grant
EYPP14CT Limited
F Beswi¢k- Science 8CtNities
Laing Charitable Trust
Dalmore Capital
Lloyds FoundatKJn
Morson Group
One Manch8ster- p8r&nt project
LandAid Charitabl8 Fund
Football Foundation - Retum lo Football
The 42nd Street- Winter Discharge
Funds
MACC- Hate Crime
4CT Limitsd - Cuf(ure Grant
MCC - VCSE Pantry
GMCVO
4CT Limited- PSayschemes 21122
907.778
(6,6221
9D1,156
38.333
8.000
138.3331
19.7921
15111
111,9831
17.500}
16.7841
19011
115,394}
12.708}
{4501
(2,8631
1,792
7,650
11.983
7.500
6,784
901
15,394
19.469
7,139
16,761
450
3.330
467
1,000
7.500
800
5.760
12,724
{8361
(7,1001
{6001
(5,7601
(12,7241
164
400
City of Soci81 Action - YOU￿ MCR
500
{5001
MFT NHS- Covid ChaM￿on$ Project
One MCR- Social Recovery Fund
MCC- Covid Health Equity Fund
Young MCR- OCON
Manchester City Council- 1st 1000
days
Manchester City Council- Extended
Additional Restrictions Grant
FASD
2,500
10,000
5,000
19,600
2.500
10.000
5,000
18,012
11,5881
{22.2611
2.318
25,000
5,057
13.867
(13.8671
1,000
982,569
3,000
157.164
4,000
970,656
162.455
6,622
Page 31

MANCHESTER SEThLEMENT
NOTES TO THE ACCOUNTS
YEAR ENDED 31 MARCH 2022
Balance al 1
April 2020
Incoming
resources
Outgoing
r&sources
Transfers
Balance at 31
Morch 2021
New Roundhouse capital project
Our Manchester- VCS grant
EYPP14CT Limited
F Beswck- Science aclivtties
Laing Charitable Trust
Dalmorg Capital
Lloyds Foundation
Morson Group
One IAanch$ster- parent project
LandAitJ Charitable Fund
Manchèster City Council
Neighbourhood Covid 19 Support
The National Lottery Community Fund
Manchester City Council Buzz Holiday
Playscheme
Grgater Sport- Tackling InequalitK*s
Fund
Power to Change- C-19 Trading
Income Support
Manchester City Council - 1st 1000
days
Manchester City Council - Additional
Rgs1ri¢lions Grant
Jigsaw Homos
FASD
914,400
16.6221
907,778
38.333
15.800
138.333}
114.0081
1,792
7,650
11,983
7,500
6,784
7,650
8,303
17.500
7.500
28,589
113,8201
3.642
901
27,514
125.4471
112,1201
158,6271
15.394
19,469
78.096
500
15001
110,0001
11,2231
10.000
1.223
9,237
19,2371
20,000
I20,L￿oI
25,000
122,6821
2.318
18,000
118,L)001
1,000
{1,0001
1,000
964.633
1,000
982.569
269,555
244,9971
6,622
The New Roundhouse Capitsl Project relates to the development of the new premises. The restriGled fvnd on the
New Roundhouse represents Ihe amounts wntributed by Manchester Collego who have been granted B long tèrm
lease. thus restricting thèir use of part of the building.
The Wellbeing and Communtty (Our MCR, EYPP14CTI projects develop commijnty activities to promote community
engagement in learning. health and wellbeing.
F Beswi¢k- Science Activilies fund is a one-off donation over ten years lo support scien¢e relale¢J actiwties with young
people.
The Volunteer coordinator fund has been established by a grant from th8 John Laing Charitable Trust and Dalmore
Capital to fund the co-ordination of voiunl&ering across the charty.
Lloyds Charitable Trust Is 8 restricted fund that supports Dur work with young people leaving care Ihrough the
provision of supported houslng and actNities lo promote engagement.
The Morson Group has funded 18 monlhs of intemel provision into th8 supported houses project.
Page 32

MANCHESTER SEThLEMENT
NOTES TO THE ACCOUNTS
YEAR ENDED 31 MARCH 2022
One Manchester has grant funded an 1&month project to devetop Parent and Communlty Led childcaie initiatives.
Hale crime is a grnnt from MACC to deliver activities that promote hate crime reporting meGhantsms.
MCC Buzz Holiday Playscheme funded summer and Easter activilles for vulnerable childran.
FASD is a grant that help to facilitate netAvotl(s of families caring for thildren affected by Foetal Alcohol Spectrum
Disorder IFASD}.
LandAid Ch&rilable Fund is a combination of 3 grants provided to us by the Land Aid Property Charity lo supp¢)rt
projects with vulnerable young people. Two grants {£57k ar￿ £17.4kl were provitjed for refurbishment Projects. and 8
further £3.7k for enhanced IT projects.
The National Lottery Communty Fund funded 6 months of our Open-Door 8efriending Service.
Greater Sport- Tackling Inequalltles Fund provided for a coordinated programme of actSvi¢ies for isolated adults.
Power to Chang￿-19 Trading Income Support was an income support fund to support reduced eamed income
through lockdown.
MCC 151 1000 days. is a Manchester Council Grant for supporting the parents.
MCC Additional Restrictions Grant is a wuncil grant to support ¢h8rilable businesses throughout lockdown.
Football FoundalK)n- Relurn to Footb811 Is a grant lo promote football with young people.
The 42no Str8et- Winter DI8charge Funds- are funds for rè distrlbulion lo individuals in financial har(tship-
4CT Limited- cultu￿ Grant- is a grant for delivery of actNily to promote cultural awareness wlth young people.
MCC- VCSE Pantry- refers 10 8 grant lo buy refrigeration equipment.
GMCVO- a grant to provide out of hours mental heamh support.
Cty of Social Action- Young MCR- a 9rant for youth soci81 actSon projects.
MFT NHS- Covid Champions Project- a hoath promollon grant.
grant for the manag8ment of a network of communty organisations.
One ManGhesler - Social Recovery Fund -
including distribution of lund5 to other groups.
MCC- Covid Health Equity Fund a heallh promotion grant, including the distribution of fvnds lo other groups.
Young Manchester- OCON- a grant for the provisKJn of youth and play aGtiviti&s.
Page 33

MANCHESTER SErrLEMENT
NOTES TO THE ACCOUNTS
YEAR ENDED 31 MARCH 2022
17. ANALYSIS OF NET ASSETS BY FUND
2022
Unrostricted Rostricted Total funds
fund5
funds
2022
2021
Restricted
fvnds
Unreslricled
funds
Total funds
2021
Tangible fixed
assets
Investments
2.689,325
1,797.721
907,778
2.705,499
1,788,169
901.156
40.000
913,597
2,741.766
40,000
983,097
3.712,422
35,000
761,209
2,593,930
35.000
836,000
3,576,499
Other net assets
69,500
970,656
74,791
982,569
18. CAPITAL COMMITMENT
Manchester Settlement has onlered into a contract with Emerge LTD for capital goods and Serv￿eS. At lh8 year end,
MS paid lull cost of £1376 for building bin shelter, which was complolpd over the May- June 2022 period.
19. OPERATING LEASE COMMITMENTS
The ¢harity had total commitments under operating leases expiring as follows..
Equlpmont
Property
2022
2021
2022
2021
<1year
2-5 years
> 5 years
521
912
521
14,980
60,067
27,531
102,578
14.281
57.125
40,463
111,869
1,433
1,433
1,954
20. COMPANY LIMITED BY GUARANTEE
Under paragraph 8 of Ihe Settlement Memorandum, every member undertakes to contribute to Ihe assets of the
Settlement in the event ol being wound up while he or shè is a member, or within one year after he 01 she ceases lo
be a member, for payment of the debts and liabilities of the Settlemenl contracted before he or She ¢eases to be a
member, and of the costs, charges and expenses of winding up and for the adjustment of the rights of the
contributions among themselves. such amounls as may be required, not exceeding £1 per member.
21. RELATED PARTY TRANSACTIONS
There are no entities vjilh significant ¢ontroVinleresl over the ch8rity. There were related party transactions with a sole
trader (IA services}, a close family member of a SMT member. All transactions were on normal commercial terms,
totsling lo £2.235 in FY 2021122 (FY 2020121.. £4,978), with an outstanding balance of £400 al the year end. Thère
werg also trans8dions with a sole trader Icalligraphy Inkl run by a MS Iruslee. All transactions We￿ on normal
commercial terms. totsling to £311 in FY 2021122 IFY 2020121.. none), with an oulslaniling balance 01 £92 at the year
end.
Page 34