Company Roglslratlon Number 00241676
Charity Number 228577
MANCHESTER SETTLEMENT
A COMPANY LIMITED BY GUARANTEE
ACCOUNTS
FOR THE YEAR ENDED
31 MARCH 2023.

MANCHESTER SETTLEMENT
ACCOUNTS
YEAR ENDED 31 MARCH 2023
CONTENTS
PAGE
Members of the Board and Profession81 Advisers
Trustees, Report
Independent Auditors. Report to the Members
13
ststemenl of Fin8ncial Actwilies
16
Balance Sheet
17
C8sh Flow Statement
18
Note$ to the Accounts
19

MANCHESTER SEThLEMENT
MEMBERS OF THE BOARD AND PROFESSIONAL ADVISERS
BOARD OF TRUSTEES
Role
Dale of in year
intmenl
Date of in year
nation
An
laDo
David Black
Carol Bartram
Maria Lester
Michael Conw8
Marbn Sutton
An ela Beacon
Phili Lukes
Na ib Abdullahi
Treasurer
0811112022
Chalr
2010912022
2010912022
| 2010912022
2010912022
COMPANY SECRETARY
Adrian Ball
SENIOR MANAGEMENT TEAkl
Role
Adrian B811
Chief
Executive
REGISTERED OFFICE AND
PRINCIPAL ADDRESS
New Roundhouse
1328- 1330 Ashton Old Road
Openshaw
hlanchesler
M11 1JG
AUDITORS
Crowe U.K. LLP
Chartered Accountants & Registered Audito
The Lexlcon
Mount Street
Manchester
M2 5NT
BANKERS
The C¢>operalive Bank PLC
PO Box 101
1 Balloon Street
Manchester
M60 4EP
SOLICITORS
HLF Berry
446 Barlow Moor Road
Chorllon
Manchester
M21 OBQ
Page 1

MANCHESTER SEThLEMENT
TRUSTEES, REPORT
YEAR ENDED 31 MARCH 2023
Chair'$ Roport
I would like to bggin my report by thanking the Trustees. Chief Executive. staff and volunteers that have
contributed to Ihe Charity during the year. The chgrity has continued to grow ils impact Ihrough the extension of
seNi¢es and the development of new services that positively impact upon the wide range of inequalities that
the residents of North Manchester face on a daity basi5. The trustees arè very proud of the staff and volunteers
that are driven to redu¢e these inequalities and improve the life chances of local p80pI&.
IIIIG sfpn
MANCHESTER
SETTLEMENT
'J•iriE5 1¢"
W8 have benefitted greatly from many partnerships that have provid8d both funding for our activities. and
advicg and support lo enable us to increase our effectiveness. We are please(J lo have bogn abl& lo ¢orLtinue to
secure funding for th8 delivery of Health Engagement and Education PTojecls for another year and are
developing a strong track record of delivery of Ihgsg type of services across North Manchester.
2022123 saw a concerted effort lo ensure we maintained sufficient fvnds in order lo complete the 'buy back" of
the long-tem sub lease on signfft3nt parts of our building.
Th8 continued support of the Lloyds Bank Foundation and more rec8ntly Power to Change have additionally
allowed us to review parts of our intemal processes and systems ready for future challenges. We have worked
th Iheir funded consultants lo review nursery processes. and HR management information system and
document management systems. All these work strands will add efficiency and value for th& next stsges of our
development.
Our SLJPPOrted Housing Services continues to $u¢cesslully deliver a block contract from Manchaster City
Council which builds on our expertisg in working lo secure thè best possbble outcomes for young people who
arrived Ihe UK as unac¢ompanied asylum seekers.
The community services that we have (lelivered from The New Roundhouse for many years have bècome
much more central to our purpose. The New Roundhouse now has a clear identity as a Community Hub with a
huge footfall of children, young p8ople, and adults foi up lo 14 hours per day, 7 days per week. Activities
Page 2

MANCHESTER SErrLEMENT
TRUSTEES, REPORT
YEAR ENDED 31 MARCH 2023
provided directly by our staff or volunteers are complimenkd by activities provided by local partners
organisalions.
Ouf chIldca￿ and lamily support services have continued to work with very larg& numbers of children and
families. Our Nursgry provision was just 4 years old in September 2022 but combined with our after-school
provlslon was provided education for over 130 children each week. We are very proud of the way that our staff
team have ernbraced the communrty antl family locussgd nature of our provision. This community focus was
reinforced through our charlty rrtjrandlng exarcise, whefeby all our childcare was branded as "Manchester
Settlement Community Nursery".
Corporate Challgnges
It has been a year of continued steady growth for the charSty. Cora management systems have improved
considerabty due to investments in our a(Jmin, markelino. and finance teams. laying the foundalN)ns for future
expanslon.
The koy challenges foi the charity moving into 2023124 will be regarding the inflationary pressures that impact
upon all aspe¢t of our busin8ss. As a real living wage employer, our annual salary increases particularly for
lower rates have been high110% for April 20231. when Ihls Is not matched by equivslenl increases in grant OT
contract income. there are clearly pressures upon project viabilty-
In January 2023, OFSTED launched new compulsory standards for assessing Supported LNing 16- and 17-
year-olds which will have a significant impact on a large part of our service delivery. We took the opportunity to
restru¢tur8 the Housing staff team in anticipation of the pressure$, in readiness for Ofsled r8gislrath.on in 2023.
The trustees would I￿{0 lo thank all the fvnder5 that have made our significant achievements possible. Major
funders have included..
Manchester Clty Council
Uoyds Bank Foundation
Young Manthestgr
Ono Manchester
4CT Limited
Manchest8r University NHS Found8tion Trust
Greater Manchester Centre for Voluntary Organisation
Our work would not be possible without the commitment of our passionate volunteer5 and staff who are driven
lo improve the live5 of young people. The bDArd would addlllonally wish lo pass on their thanks to them all.
R•vlew of Charlty's Posltlon
Our financial position al the entl of the reporting period Is healthy. Our free reserves lunrgstrtcled funds that are
not used to fund proFetyl provlde for around six months of operating costs.
Plans for the next 12 monlh
The charity will continue to implement Intémal and 8Xtemal plans that enable us to deliver on our nowty
consid8rgd purposè statement- STRONGER COMMUNITIES TOGETHER.
Page 3

MANCHESTER SErrLEMENT
TRUSTEES, REPORT
YEAR ENDED 31 MARCH 2023
S•rvice are¥s and thelr prlorltlgs
Young Peoplos SeTvi¢*s Ilncluding Supported Houslng)
To work with investment partners in order lo
incr8ase the supply of homes for vulnerable young
adults in Manchester
We continue with our service improvement plans,
focusslng upon continued staff development
We become a recognised centre of excellenGe with
regard lo working with asylum seeking young
people
To prepare for a future OFSTED framework that
will be a mandatory inspection arrangement for the
service
Chlld and Family S•rvices
To become a recognised Family Hub, within the Manchester and national ne￿ork of fomily hub cenlres
To explore oplions for growth of our impact upon Children and families in othef cornmunty sethngs
To achieve al least silver standards in all council quality awar¢Js
To prepare for future OFSTED inspections
Community. H&alth and Wellb•lng
To d&velop a long tenn strategy for ensuring an appropriate mix ol targeted and open accoss services
that can be shown lor the impact they have on individuals and thè community as a ￿le
To develop our premises to include a café style environm¢nt
To develop new partnerships Ihat will ensur? that our community hub conunues to be useful for the
community
Pag8 4

MANCHESTER SErfLEMENT
TRUSTEES, REPORT
YEAR ENDED 31 MARCH 2023
To respond lo developing n8@ds, particularly around fuel and genefal poverty of families and adults
To build a service offer that Is attractive to health commissioners wth regard lo community hgalth
education and messaging
Charity Leadership and Management
To continue our work in developing leaders In our charity. Our naw leadership group will be very helpful
with this
To create a new HR management Information plattomi to drive future developments around internal
comms and data managemenl
To develop initial then longer term plans for the most impactrul and economically resilient ways of uslng
all of the spaces in The New Roundhouse
To build the capacity strength of our board of trustees and management team. and the quality of
system5 that serve them. so as to have a sound succession plan
To continue to progress our new marketing strategy
To ¢Jevise a 'consullancy' offer to other organisalions in areas such as marketing. finance and
childcare
SignSfl¢ant Events
The °Dèed of Surrenderf which Iransf8rred the sub lease of parts of the building from the LTE Group back to
Manch&ster Setuemenl was completed on the 271h of Aprtl 2023. This will have implications for our assats,
liabilities. antl operat*)nal profftability from that dale. All premises-related costs lutililies, ¢leaning repairs etc.)
will incrèase now that LTE are not conthbLrting to these costs. The 2023124 budgat pressures have
necessitated a reduction in staffing levels in our a¢Jministralion functions and the application of other
operational budgets to medlale lor these extra Costs. Income targets for room hire have been increased. and a
new target (or income from Gonsullancy h8ve been in1rc￿￿Ced. Cashflow predicttons havg been amended lo
reflect these cost pressures.
Signature
Maria Lester
Chair
Date= 201h July 2023
Page 5

MANCHESTER SEThLEMENT
TRUSTEES. REPORT
YEAR ENDED 31 MARCH 2023
INTRODUCTION
The trustees are pleased lo presenl their annual Trustees, report together with the financial stslements of the
charity for the year end8d 31 March 2023 which are o1$0 prepared to ￿￿et the requirements for a directors.
report and accounts for 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 A￿OUntIng and Reporting by Charities.. Ststemenl of Re¢ommendetl Pradice
applicabl8 to charities prep#rir￿ their accounts in accoréance with the Flnancial Rgporting Standard applicable
in the UK and Republic of Ireland IFRS 1021 {effectlve 1 October 2019}-
The dlrectors of the charitable company (the Gharityl are its trustees for th8 purpose of ¢harity law.
The trustees and officers servirvj during the year and since the year end are as per page 1.
STRUCTVRE GOVERNANCE AND MANAGEMENT
Legal status
Manchester Sgtuement is a private company limited by guarantee Ireglslralion nurnber 00241676) an(1 is a
registered charity Iregislration number 2285771. 11 is govemed by its Memorandum and Arti¢les of AssocSation
dated 12 August 1929 as amended 16 January 1997. 28 November 2013 and 19 September 2017.
Govem8nco
The charity has a board of Irustees that oversees the running of the organisation. The board of truslees are
al8Cted al the Annual General Meeting. Each year. they also elect three honorary officers from their own
number.. a Chalrperson, Vicg-chairperson. and Treasurer. They also elect a CDmpany Secretary who does not
need to be a trustee. The board shall be not less than three and with the upper limit defined by the board from
lime lo time. Trusloes musl reslgn al the Annual General Mtsellng if they have beon on the board for three
years but may sland again for re-e￿¢t10n. fruslees are recruited and elected if a particular skill or experience
is identifi8d. The board of trustees may co-opt advisors to the boaid as and when particular skills are required.
Charity Governan￿ Code
The Trustees have adopted the Charity Governa￿ Code, an updated version of which was published in
Decomber 2020, and are guided by its piinctples and recommended practice for good governance.
Inducting Trusleos
All new trustees are interviewed prior to appointment by the Chair and CEO before being considered for
appoinltnenl by the trustees. Upon appointment they ar8 required to undergo D8S clearance checks as part of
our safeguarding policy. New trustees then spend a half day in the charity touring the different projects to meet
staff and seTViCO users. They are inducted into the role of o trustee based upon the Charity Commission
guidancg.
Declsion Making
Th8 trustees have agr88d a scheme of delegation ￿lch specifies the decislons. limits and tolerances that aro
available to Ihe CEO and lo other staff. The trustees agree the charity's strategy and budget plys a limited
range of stslulory policies. The CEO may make decisions that are in accDrdance wllh thg charity's strategy and
agreed budget, including the hiring of staff an(J a9reeing conlraGIs.
Page 6

MANCHESTER SEThLEMENT
TRUSTEES, REPORT
YEAR ENDED 31 MARCH 2023
OUR PURPOSE
CREATING STRONGER COMMUNirrES TOGETHER
Our stralegiG framewrxk continues to direct our decision making and our pre¢tice across all parts of the charity
(RE￿TING 8TRONtif. R COMfllJNITIE5 TofyEIHtR
¥halWe
'i%h 10 See
. rtAimsj'
*thfvy
111)al We
Dur
ve shatpeopleartr musipowertulvtherbcuDn¥tediofornrnunitit5
Be Ir￿)1￿1 a￿￿ tran5paieni
8p travE ena&8hto ￿￿31{￿nI￿ boundaries
MANCHESTER
SETTLEMENT
Public Banefil
In shaplw our object￿8 for the year and planning our actNities, the tNstees have considered th8 Charity
Commission's guidance on public benefit, including the guidance 'pub5ic benefrt.. running a charity,.
The original objects of Manchester Unwerslty Settlement (old name for Manchester Settlemenll defined in the
Memorandum and Articles of Association registered in 1929 are.. To promote th8 social welfare of the poorer
residents in the City of Manchester and neighbourhorxj. The beneficial area is the City of Manchester and
District.
In 2013 Manchester Settlement adopted a new sel of MemorandLtm and Articles which olaborated on this
slighdy saying: To promote the advancement of education, the fvjrtherance of h8allh and all other measures for
the social welfare of the poorer residents in the City of Man¢hest8r and neighbouring éislricts. The Irusl8es
believe these original objects to still be relevant and appI￿able. however they plan to review and update them
subject to Charity Commission approval in 2023124.
The Trustees, report sets otrt Ihe activities and achievements of the charty during the year ended 31 March
2023. From the Trustees, report il can be seon what the benefits are and that the benefits are related to the
aims set out above. Our work has continued to be centred around 6 cross cutting outcomes.
1) Learning and Growth
2) Economic Welfare
3) Wellbelng
4) Inclusion and Access
5) Social Relation5hipslConnecl￿s
6) Communty Power
Pag& 7

MANCHESTER SErrLEMENT
TRUSTEES, REPORT
YEAR ENDED 31 MARCH 2023
All this work has benofiled both the direGt beneficiaries themsalves and their communities throughout tha City
of Manchester. All the beneficiaries could be described within the tem)s of the original 1929 Memorandum and
Articles of Association as 'lhe poorer residents of the City of Manchester 8nd neighbouthood and no individu81
has béen exduded on the basis of th8ir inability lo pay or by geographical or inappropriate restrictions. The
availability of places is limited onty by numbers and criteria of need. In most casos there is no charge to the
beneficiary because payment is recaived on their behalf from the publi¢ purse.
ACHIEVEMENTS SUPPORTING OUR CROSS CUThING OUTCOMES
DlgFtsI skllls groups and classes
Arts and crafts groups
ESOL classes
Conveisalion clubs
Well Women peer support groups
Health Champions training
First Aid training
Stay and play childcare sessions
Nursery education and care to 4 ygars
After school club daily sessions
PSHE for asylum seeking young
p8ople
Education advoc8¢y for young people
School holi¢Jay healthy eating clubs
Youth led Culture within all our youth
provision
Free or lowest P055ble ¢osl acbvlty
Welcoming. friendly, caring spa¢es
Renowned provision for SEN
childr8n
Baneficiaries have 30+ nalionalilies
Targeting activily at excluded
individuals
relephone befriending for isolated
individuals
Ensuring suiiable access lo those
wilh leaming and other disabilities
Engaging people with ment81 heath
issues
Advocating for vulnerablè young
people
Celebrating drfferent CLtltures and
religions
Youth trustee
Youth
anels
New friendships created daily
Paren15 groups create lasting
support groups
Parents WhatsApp group I notice
board
We constantly strive to bring isolated
people into positive group
environmenls
Our supported housing work is
based upon creating social fiehvorks
We are a trusied source ol
inlormation on Ioc81 agencie5
Whole youth offer creating a
Gommunity lor the young people
Food pantry project
Ona Money advi￿ service
Be Wèll advice and support
Signposting and information seNIC8
Citizens advice sessions
Free IT devices
Flee Communty Café
Free Grèche and stay and play
sessions
StrÈving lo be lowest 0081 childcare
provider in the area
Pop Up school unrforn) shop
Supportlng benefits applications
Free youth activities and trips
Free food and drfnks provlded daily
Free holiday activities and a hol meal
Budgeting skills for school aged
throu
h to 8dulls
Page 8

MANCHESTER SETTLEMENT
TRUSTEES, REPORT
YEAR ENDED 31 MARCH 2023
W8Mb•hg wedm￿Y* '
Thursday communily drop in
Signposting to spe¢iali51 advice
Covid Heolth Equity work
T81 Chi I senior exercise I massage"
SenK)T Calch Up groups
Buggy walks
Earty holp I family support approach
ensures good refeiral to other support
PHSE programme lor asylurn gtek8rs
Links wilh ext8fnal support agoncl85
e.g.. CAMHS. 42Dtt Street. Eclypse
l Mind You Motter projoct
Projerj 627 - school transTUon projèct
O￿nshaW Community
Organisations Nehwork is facilitated
Objectives in place to secure funds
lo pas5 on to community groups
Free space provided for community
groups to grow their projects
40+ volunteers per year are
supwrted such that they can
improve Ihgmselves and the lives of
others
Volunteer project ideas are invested
in
Community members have a
¢ontinual voice in our strategy and
how we deliver
CONTEXT
Manch8ster Settlemgnl has been providing an evolving mix of services lo thè residents of North Manchester for
130 years with the objedive of enhancing thé Ilves of communrty members through projects lo improv8 health,
edU￿tIon and community development. The objèctives for this work were relevant 125 years ago and continue
to be relevant in 2023. The refreshed 2020 Our Mancheslgr Strategy highlights the areas of strength an
opportunity within Manchester, and areas of continuing challenge wthin Manchester.
Health: Mancunians have some of the poorest h@allh in the country e.g. heatthy lrfe of beb)w 58 years
and high deaths trom cancer. heart, and respiratory illnesses.
Poverty.. In March 2019, around 45,150 children under 16 lived in low-income households 141%) in
Manchester compared wlth the average of 30.10 across th8 rest of the country.
A fair economy: Too many of our residents have insecLJre work and lower pay Compared to many
workers who work in our city. Fewer Mar)¢hester residents178Y.l earn at least the Real Living Wage,
compared lo all workers in our city 187g/(Il. and haw of residents with no or low qualifications are
unemploy9d.
Affordable housing: Manchester has Committed to creating 32,000 new homes by 2025- this musl
indude a range of affordabl8 homes across the city lo support dSverse communitie$.
Climate change= The clty has committed to becoming zero-carbon by 2038 at the klesl and the Council
tleclared a Climate Emerg8ncy in July 2019.
BrexiL. The UK'S departure from the European Union presents a challenge for many businesses and
our communi118S.
an¢h8sler Setllemenl continues to bulld the capacity ol Ihoso who may face these barriers to have the best
chances to tske part and conlribuie lo the developing cultural and economic vision for Manchester.
FIMANCIAL REVIEW
Financial posltion
The ch8rily ended th¢ financial year in a very positive financial PDSition. The availability of gran15 to support our
long-tem) ¢harttablg work with communities affected by Covid-19. and the business sUPPOrt grants available to
us ensurod that we were able lo not tEly upon subsidi5ing service delivery from other charitable funds. The
Pa￿9

MANCHESTER SETTLEMENT
TRUSTEES, REPORT
YEAR ENDED 31 MARCH 2023
previous and this years, legacy fund has allowed for the selected support of charity fijnded projects that would
have had to Cease otherwise.
Our principal souices of fvnding during the year continued to be unrestricted fee funding from the sales of
childcare places and rental income from our houses plus reslricled grant funding for service dgvelopmenl or
delivery proje¢ts- thèse are all recorded as Income frorn charitsble activities- 96.34Y• of the total income of the
charity 12022.. 99.97V.l. The other 3.66°h is derived from voluntsry donations and investment income.
Proportion of income from charitable activities in the year 2023 is lower du8 lo receiving larger residual legacy
during the year. Overall. our income increased by 13.2Wo ¢ompar8d to the prevk)us year (2022 saw a decrease
of 12.6•hl.
Our risk managemènt plan ftxusses the attention of Iruslees and managers upon areas of financial volatility on
monthly basls. Our budget for 2023124 predicts a surplus of £5K which has been agreed by the board. The
budget utilises £15k of designated funds funded through th8 remaining £281k legacy fund received in the
previous and ¢urrer)t years. The board have allo¢ated thls designated fund to projects and developments that
have a signincanl impact upon our beneficiaries.
In 2022123 restricted funds r8ised for projects support lotalled £168.918 wth assctiated expenditure of
£174,342. In the previous year restficled funds raised were £157,164 with expendilure of £162,455. Any
restricted funds unspent are carried foNard for use in following years where permitted.
Going Con¢?m
The trustee rlsk assessmènt of the trading conditlons, cash fk)ws and reserves is that whilst the grant incom&
forècast for the next y8ar is reduced, the high levgl of reserves enables the charty to deslgnate funds lo
projects that further charitable objectives. The trusle8s ¢on¢lude tmal the Gharty is a going concerF) and that
there are no material un¢ertainties that cast doubl upon the ability of the charlty to remaln as a going concern
for at least next 12 months from the signing of the accounts.
Investment powars and policy
The trustees, having regard lo the liquidity requiremonts of operating the charity operat& a number of instant
access currgnl and doposrt accounts attracting low levels ol interest with high street banks. Balan¢8s are
monilor8d to maximise protection from bank failurès. The Flagstone a¢¢ount management platform has been
adopted to simplify the management of mulllple aGwunls.
RSsk Management
The trustees hav• a risk management Strategy which comprises of..
an annual review of the principal risks ond uncertainll&s that the charity faces and the establishment of
policies. systems 8nd procèdures to miligale tho$8 risks ￿entIfIed in bi-monthly updates regarding
significant ¢hanggs lo Ihe risk register.
the impl&menlalion of procedures designed to minimise or manage any potenlial irn￿t on tho charity
Should thosg risks malèrialisa.
This work has identified that the key risks for the Gharity and tho key actlons are-
Risk
Actions to refluco risk
Numbers oi trustees 18klll profile of truste08
Progress wlth current recrullmgnt activity
IncreaseLI costs for ninning the bullding upon exit New approachl modelling of how to present and
of Man¢hestef Colleg
apply for oveTheads
Plan lo have NHS partners elc delivgriNJ f¥om the
building whilst paying for sessional room hire
Pago 10

MANCHESTER SEThLEMENT
TRUSTEES, REPORT
YEAR ENDED 31 MARCH 2023
R•serves poll¢y
The trustees operate a risk-based approach lo ￿entI￿.ng an ideal level of reserves th81 wlll give our partners
and stakgholders confidencg that the organisation is robust, whilst demonstrating we maximise the impact of
our funds upon beneficiarles. The naturè and variability of our contracts and income along with our contractual
Commitments impact upon our risk analysis. The risk analysls has identified that an absolute minimum of three
months of operating costs should be maintained, but that six months of operating costs would enable us to
deliver a well-managed service that would allow us to ensure a high-qualty redesign or transfer of assets and
activities for the benefit of our beneficiaries.
For 2023124 our minimum level of reserves is required lo be £321.000 with a largel level of reseNes of
£642,ODO. Of the unrestricted fund of £984,657 Ino18 15} £263,009 has been ulilis8d lo fund the fr8ehold
houses, £37.495 fixtures and fittings and £51.253 to fund refurbishm8nt. At the 31&l March 2023 there were
£632,900 of free reserve8 which is just below of the laiget l&vel of reserves. The management team will closely
monitor income and expenditure during the forthcoming year and depending upon financial performance will
seek lo invest any surplus reserve to Secure long term public benefit.
Pay policy for senltsr staff
Directors are not paid but may claim expenses incurre¢J. The salary Scale of the Chief Executive is approved by
the full board of Irustees following an analysis of Gomparative organisalions and a performance revlew.
Fundralslng
The charity had no fundraising activities requirir4J disclosur8 under S162A of the Charities Acl 2011.
Post Reporting Ygar Evtrnts
At the lime of writing the trustees have completed a process of acquiring the long-lemi sub lease currently
owned by the LTE group. The acquisit￿n of this lease will reduce freg reserves to a level which the trustees
have 8c¢ounted for through the designats'on of such funds in the 2023124 budget. Acquiring the space will
provide security to all Gurrenl Manchester Settlement operations and will provide a plafform for considerlng new
charttable serviceslproiects. The acquisition will mean that increased building managemenl Gosls wll be borne
by the charty annually and these have been considered with forward budgets.
Trustees, responslblllties in rnlatlon to the financlal statement$
The charity twslees (who are aL80 the diredors of the Manchester Settlement for the purposes of company law}
are responsible for preparing a trustees, 8nnual report and financial slalements in accordance wlh applicable
law and United Kingdom A¢counting Standards {Uniled Kingdom Generally Accepted Accounting Practicel-
Company law requires Ihe charty t￿SleeS lo prepare financial ststements for 8ach yaar which give a true and
fair view of the state of affairs of the charitable Gompany and of the incoming resources and application of
resources, including the income and expenditure, of the charitable Company for that peTiod. In preparing the
financial stalemenls. the trustees are r4uired to..
select suitable accounting policies and then apply them consistently-
observe the methods and principles in the Charities SORP.,
make judgements and eskn"mat8S that are r8asonable and prudent..
slate whether appll¢able UK aecountsng standards have begn followed, $ubj8ct to any material
d8partures disclosèd and èxKlalned in Ihe ffinancial statements.,
prepare the financial statements on the going conc&rn basis unl8SS it is inappropriate lo prèsume that
the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at
any tirne the linancial position of the tharity and lo enable them lo ensure that the financial 51alements compty
Page 11

MANCHESTER SETTLEMENT
TRUSTEES, REPORT
YEAR ENDED 31 MARCH 2023
with the Companies Act 2006. They art also ￿sponsible for safeguardlng the assets of the charity and hence
taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible lor the maintenance and integrity of the COTporale and financial information
includgd on th8 charitsble company's websit8. Legislation in the Unlted Kingdom gtsveming the preparation and
dissemination of financial slat8m8nts may differ from legislation In olherjurisdictions.
Statem•nt as to dls¢losure to ¢ur audltors
In so far as the Iruslees are aware at the lime of approving our trustees, annual report there is no relevant
inforrnalion, being information needed by the auditor in connection wilh preparing their report, of which the
charity's auditor is unaware, and the trustees, having made enquiries of fellow directors an¢J the auditor that
they ought to have individually tsken. have each taken all steps that he15he is obliged lo take as a dlredor in
ord@r to make themselves aware of any relevant audit infOrMat￿n and to establish that the auditor is aware of
that infomialion.
The Trustees have tsken advantage of the small companies exemptions providBd in $￿tion 415A of the
Companies Act 2006.
By order of the board of tnjstees
Maria Lesler- Chair
Dale 20th July 2023
Page 12

MANCHESTER SETTLEMENT
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS
YEAR ENDED 31 MARCH 2023
Oplnlon
We have audlled the finaneial statements of Manchester Setuement I'th8 charitable company'l for thè year
ended 31 March 2023 which comprise Statement of Financial Activitles, Balance Sheet, Slalement 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
Stsndards, including Financial Reporting Stsndard 302 The Financial Reporting Standard applicable in the UK
and Republic of Ireland Iunited Kingdom Generalty Accepted Accounling Praclicel.
In our opinion the financial slalemenls..
give a true and fair view of the stale of the charitable company's affairs as al 31 March 2023 and of its
income and expenditure, lor the year then ended-
have been properly prepared in accordance with Uniled Kingdom Generally Accepted Accounting PractiC8,'
and
have been PTepared in accordance with the requirements of the Companies Act 2006.
Basis for opinSon
We conducted our audit in accordance with Inlernalion81 Stsndards on Auditing (UK) IISAS IUKII and
applicable law. Our responsibilities undgr those standards are further described in the Auditor's responsibilities
for the audit of the financial slalemen15 SeCtM)n of our report. We are independent of the charitable company in
accordance with the ethical requirements Ih8t are relevant lo our audit of the financial statements in the UK,
including the FRC'S Ethical Stsndard, and we have fulfilled our other ethical responsibilities in accordan￿ wllh
these requirements. We beli8ve that the audit evidence we have obtained is SLrfici8nt and appropriate to
provide a basis for our opinion.
Conclusions relating to goln9 concem
In auditing the financial slalgmenls, we have concluded that the Irust88'5 use of Ihe going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainlios relating lo events or
conditions that, Individually or collectively, may cast signific8nl doubt on the chlritable companvs ability lo
continue as a going concern for a period of al least bNeFve months from when the financial statements are
aulhorised for issu8.
Our responsSbilities and tha responsibillti&s of the Iruslees with respect to going con¢arn are dascribed in Ihe
relevant sections of this report.
Oth•r inforniatlon
The trusteeg are responsible for th8 Other Information conlalnod within the annual report. The other Information
comprises the information included in the annual report, other than the financial slalements and our auditor's
report Ihereon. Our opinion on the financial statemenls does not cover the other infomialion and, except to the
extent othe￿iSe explicidy slated in our report, we do not express any fomi of assurance conclusion thereon.
Our responsibility 15 to read the other information and. in doing so, consider whether the other infomialion is
materially inconsistent with the financlal slatements or our kr￿wledge obtained in the audil or olhewSse
appears lo be materially misstated. If we identify such material inconsistencies or apparent material
misslalemenls, we are required to determine whether this gSves rise to a materfal misstatement in the financi81
ststemenls themselves. If, basgd on the work we have perfomied, we conclude that thère is a material
misslatemant of this other infornalion. we are required to report thal fact.
We hav& nothing lo report in this regard.
Opinions on other matters prescrlbed by the Companies Act 2006
In our opinion based on the WOTk undertaken in the Course of our audit
the information given In the trustees, report, which includes the directors, report
prepared for the purposes of ￿rnpanY law. for the finarrial year for which th& financial ststemgnts are
Page 13

MANCHESTER SErrLEMENT
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS
YEAR ENDED 31 MARCH 2023
pr&par8d 15 consislgnl with the financial statements. and
the directors, report included within the trustees, report have been prepared in accordance wilh applicable
legal requirements.
Matt8rs on whlch we arn requlred to report by ex¢8ptlon
In light of the knowledge and undtsrstsndlng of the charitsble company and their envlronment obtalned in th&
course of th8 audit, we have not identified material misstatements In the directors, report included within Ihe
trustees, report.
We have nothing lo report in respect of the following matters in relation lo whi¢h the Companies Act 2006
raquires u5 to report to you rf, In our opinion-.
adeqvale and proper accounting records have not been kept. or
the financial statements are not in agreement with thè accounting records and returns- or
Certain disclosures of trustees, remuneration sp8¢lfied by law are not made.. or
we have not recelved all the infomation and explanallons we requlre for our audit,. or
the Irusle8s w8r8 not entitlgd to prepare the financial stst8menls in accordance with the small companies
regime and take advantage of the small companies, exemptlons in preparirvj the Iruslees, direcloTS' report
and from the requirement lo preparg a strategic report.
Respon$lbllltles of trustggs
As 8xplained more fully in the Iruslees, r8sponsibi1rt18S Statement sel out on page 11, the Iru$lees Iwho are also
the diredors of the charitable company for the purposes of company18wI are responsible for the preparation of
the fin8n¢ial slalements and for being satisfied that they give a true and fail view, antl for such internal control
as the Iwstees determine is necessary lo enable the preparation of financial statements that are free from
material misststement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company's
ability lo continue as a going con¢em, disclosing, as applicable, matters relatèd to going concern and using the
going concern basis of accounting unless the trustees either intend to 1Squidate charitable company or to
cease op8rations. or have no reallslic altgrnalive bul lo do so.
Audltofs responslbllltles for the audlt of the flnancial sLit8ments
Our objectives are to oblaln reasonable assurance about wh8ther the financial statements as a whole are free
frorn material mi5slatemont, whether due to fraud or error, and to issu8 an auditorfs report that includes our
opinion. Reasonable assurance is a high level of assurance. bul is not a guarantee that an audit conducted in
accordance with ISAS IUKI will always detect a material mi551atem$nt when it exists. Misststemenls can arise
from fraud or emr and are considered material sf, individually or in the aggreg8tÈ, they could reasonably be
expected to influence the economic docisions of users taken on the basis of these financial statemenls.
Details of the exleNI lo which the audit was considered capable of detecting irregularities, including fraud and
non-compliance with laws and regulations are set out below.
A furth8r description of our responsibilities for the audlt of th8 financial statements is located on the Financial
Reportlng CounGil'8 website al- www.frc.or .uklauditorsies
nsibilikn"es. This descriptlon forms part of our
auditor's report.
Extent to whleh tho audit wa$ considered capable of dete¢tlng Irregularltlès, Including fraud
Irregularities, including fraud. are instances of non-complianc8 With laws and regulations. We Identif￿ and
assessed the risks of material misststement of the financial statements from ir￿gUIantieS, Ythether due to fraud
or error, and discussed these be￿een our audit team members. We then designed and performed audit
procedures responsivo to those risks, including obtaining audit evidence sufficient and approprfate lo provide a
basls for our opinion.
We obtsined an understanding of the legal and regulatory framewotfrs within which tho charitable compary
operates, focusing on those laws and regulations that have a direct effact on the detemiinalion of material
amounts and disclosures in the financlal statgmenls. The laws and r￿ulatIonS we considered in thSs Context
Page 14

MANCHESTER SETTLEMENT
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS
YEAR ENDED 31 MARCH 2023
were the Companies Act 2006. the Charitlgs Act 2011, togethér with the Charili8s SORP IFRS 102}. Wo
assessed the required comFAian¢o wth these laws and regulations as part of our audit procedures on the
related financial slatemonl items.
In addition, we ttjnsidered prowsions of other laws and regulations that do not have a direct effect on the
financial ststemenls bul compliance with which fflighl be fundamental lo the charitable company 5 ability to
opèrate or to avoid a material penalty. We also considered the opportLJnities and incentives that may exist
thin the ctharilable company Igr fraud. The laws and regulations wè considered in this context for the UK
operalions were employment Eegislalion, taxation lègislation and health and safely legislation
Auditing standards limit the required audit procedures to identify non-compliance with these laws and
regulations lo enquiry of the Trustees and other management and inspection of regulalory and legal
correspondence. if any.
We identified the greatest risk of material impact on the financial ststemenls from irregulariligs. induding fraud.
to be within the liming of recognition of grant and contract income and the override of controls by managern¥nl.
OUT audrt procedure5 to respond lo these risks included enquiriès of management. sample lesling grant
agreements from source agreement lo posting in the nominal ledger, including local authortty funding claims.
sample testing on the postlng of joumals, r8viewing a￿OUntIng eslimales for biases. reviewing regulatory
correspondencè with the Charity Cornmission and reading minutes of meètings of those charged with
govemance.
Owing to the inherent limitations of an audit, there 1$ an unavoidable rtsk that w8 may not have detected Some
material misstatements in the financial stalemenls, even though we have propedy planned and performed our
audit in accordance with auditing standards. For exampl8, Ihe further removed non-compliance with laws and
regulations {irregularitiesl is from the events an(J transactions reflected in the finan(aal statements, th6 18SS
likely the inherenuy limited procedures required by auditing standards would identify it. In addition, as with any
audit. there remained a higher risk of non4election ol irregularities. as these may invofve collusion. forgery,
intentional omissions. misr8presenlations. or the override of inlemal controls, We are not responsible for
provenling non-cornpliance and cannot be expected to delect non-compliance with all taws anrl regulations.
Use of our report
Thi$ report is made solety to the charitable company's memb&rs, a5 a body, in accordonce with Chapter 3 of
Part 16 of the Compani8s Act 2006. Our audit work has been undertaken so that we might slate to the
charitable company's members tho$8 matters we are required lo slate lo them in an auditor's report and for no
other purposg. To the full8St extent permitted by law. we do not accept or assume responsibility to anyone
other than th8 chadlable company and the charltable company's members as a body and the charitable
companWs trustees as a bo(ty. for our audit Wofk. for Ihls report, or for the opinions we have formed.
Vicky Szulisl
Senior Statutory Audrtor
For and on behalf of
Crowe U.K. LLP
The Lexicon
Mount Street
Manchester
M2 5Nr
31 July 2023
Page15

MANCHESTER SETTLEMENT
STATEMENT OF FINANCIAL ACTIVITIES
(Incorporatlng an Income and expenditure account)
FOR THE YEAR ENDED 31 MARCH 2023
Unre5tri¢ted
funds
Restrictsd Total funds Total fundj
funds
2023
2022
Note
Income from:
Donations and legacies
Charifable actimties
Cther trading activities
In￿$trI￿nts
44.373
1.042.227
19,354
2.350
4(3n
1.211.145
19.354
2,350
282
1,112,060
15,738
135
168,918
Total
1.108,304
168,918
1.277,222
1,128,215
Expend5ture on:
Charitable actimties
982.302
174,342
1.151644
997,292
Total
982,302
174.342
1.1W644
997.292
Net IncoTrlng resourcas bofore transfw8
126.002
{5,424}
120,578
130,923
Gain on In￿trrents
Transfers
10
5,000
15
6,622
(6,6221
Net mov•mgrit in funds
132.624
(12,046)
120,578
135,923
Reconcllalion of fwds..
Totsl funds brought forward
Total funds ¢arried forward
15,16
15,16
2,741.766
2,874,390
970.656
958.610
3.712,422
3,833,000
3.576,499
3,711422
The charity has no recognlsed gains or losses other than the results for Ihe year as above.
The notes on pages 19 to 32 fom part of these accounts
Page 16

MANCHESTER SEThLEMENT
BALANCE SHEET
Reglstered company number: 0024167
AS AT 31 MARCH 2023
2023
2022
Nole
Flxed assets
Tangible assets
Inves1rr*nts
2,645,449
40,000
2.689,325
40,000
10
2,685,449
2,729.325
Current assets
Debtors
Cash
11
99,176
1,114,939
1,214,115
76.278
961.854
1,038,132
Credltors: amounts fallSng duo withln
one year
t current assets
Credltor$'. amounts falling due after mo
than one year
13
Net assets
12
{66,5641
155,0351
1,147,551
983,097
3,833,000
3,712,422
Funds
stricted
Unr8stricted:
Designated funds
(ther
16
15
958,610
970.656
1.889,733
984,657
3,833,000
1,681.553
1,060.213
3,712,422
Thg financlal slalements have been prepared In accordance with the provisSon$ applicable to companies
subjKt to the small companies regime and in accordance with the provisK)ns of FRS 102.
These financial slal8menls were approved and authorised for Issue by the board of Imstges on the 20th July
2023 and ara signed on their beha￿ by..
Maria Lesler
Tho notss on pages 19 to 32 form part of these acGounts
Page 17

MANCHESTER SETTLEMENT
CASH FLOW STATEMENT
YEAR ENDED 31 MARCH 2023
Cash Ilow Statement
2023
2022
Cash hrflows I loutflows} from operatlng aGtl¥itlès
Net ¢ash promded by operating acti￿tieS
Cash Flow$ from investlng aCt￿ltIeS
Bank interest receiwj
Purchase of fixed assets
I cash applied to in￿ting actithtios
Cash Flows from financlng actfvitles
Loan repaynEnt
Change in cash and cash equivalents in Ihg year
Cash and cash equivatents at the beginning of
the year
Cash and cash oqulvalents at thfj ond of the year
1n,121
203.3801
2,350
(21,386}
135
146,0391
(19.036)
{45.904)
{14,000)
143,476
153.085
961.854
818.378
1.114939
1.854
Slat*ment of Nat Debts
nt Brought Ft)rward
1,854
Cashfiow
nt Carried Forward
£1,114,939
£153,085
Net Movement In Fund$
2023
2022
N•t movement in funds for the reporting pèrlod {as
per the Statement of FknanGlal Actlvitios
Adjustrrents for:
Depreciation
Interest recei￿1
120.578
135,923
65.262
12,350)
62.213
{135}
{5,0(K))
10,208
171
Re￿I￿a00n
(Increase)IDecrease in debtors
Incr888ellDeGrease} in creditors
Not cash provided by operatlng activitie8
122,898)
11,529
172,121
203,380
The notes on pag8$ 19 to 32 fomi part ol Iheje a¢counts
Page 18

MANCHESTER SETTLEMENT
NOTES TO THE ACCOUNTS
YEAR ENDED 31 MARCH 2023
GENERAL INFORMATION
Manchester Settlement is a private company limited by guarant8e and a registered charity. The registered office
and principal address is 1328-1330 Ashton Old Road, Openshaw. Manchester. M11 1JG. The ¢harty is
incorporated in the UK.
ACCOUNTING POLICIES
Basls of accounting
The accounts have been prepaiod under Companies Act 2006, and in accordance with the Financial Reporting
Standard 102 IFRS 1021 and follow the recommendations in "Accounting and Reporting by Charities.. Stslemenl
of Recommendod Practice" issued in 2015 Irevised 1 October 2019}. The charity meets the definition of a public
benefit entity.
Golng ¢on¢gm
As disclosed in the Chair's Report on page 3 and the Tnjstee's Report on page 10. the trustges assessment of
the tradin9 conditions. cash flows and resetves 18 that with new inflationary pressures, plans are in place lo
mediale the impacl, and flexibilities exist that will enable the management team lo reduce eosls in a timely way
shwld trading conditions require it, and conclude that the charily is a going concern. 11 is therefore leli that there
are no material uncertainties that cast doubt upon the obilily of tho charity to remain as a going concem for at
least next 12 months from the signing of the a¢counts.
Incoming rO￿UrceS
All inc(Ime Is rg¢ognised in the Slalomènt of Flnan¢ial Activit￿S when the conditions for receipt havé been met
and there is reasonable assurance of receipl.
Donatlons
Donations include amounts recaived unéor Gift Aid together wth Income Tax r8(x)verabla Iher90n.
Re50ure•s expended
Th8 costs of projects, fund-r8isSng and publicrty, and management and administration comprlse expendllure.
including staff costs, directly attribul8ble lo the activity. Where Costs cannot be directly attributed to specific
activities they hav8 been allocated lo core ¢osls which are then recharged to each delivery area on the basis of
proportionate use of $quaTe footage in the premises.
Charitable •xpenditure
Includes all expenditure directly relat8d lo the obiects of the charity (Sn accorfance with the SORP) and
comprises project costs, grants and directly attrlbutsble support costs. Governan￿ costs include those costs
incurred in the governance Of the charity's assets and are 8SSOCk4ted with conslitutional and statutory
requirefflents.
Fund accountlng
Unrestricted funds are avallable for use al the discretion of the dlrectors in furtherance of the general charitable
objeclN8s.
Restricted funds represent funds received whose use is subject lo resldctSons imposed by donor.
Designated lunds represent funds earmarked for a particular use by the tru5te&s.
Page 19

MANCHESTER SErrLEMENT
NOTES TO THE ACCOUNTS
YEAR ENDED 31 MARCH 2023
2. ACCOUNTING POLICIES Icont.)
Investment assets
Fixed asset inveslmenls comprise a Lcwry drawing which is included at the trustees. best estimate of market
value, inforrned by expert advice.
D8preciation
Depreciation is calculated so as to write off the cost of an asset, less Ils eslimaled residual value, over the uselul
economic Ilfe of that asset as follows..
Fixtures ané fitb'ngs
L8as8hold property
Land and buildings
R¥furbishment
25OA p.a. straight line
149 year5 Straight line
50 years straight line
15Vo p.a. stralghl line
Majority of assets co$ting more than £500 are capitalised al cost.
Assets obtsined during quarter 4 are depreciated In the followkng accounthng year.
Long le8sehold property is assessed annually for indications of impairment and if necessary the carrying value
reduced accordingly.
Dobtors
Trade debtors are recognised at the s8tt18menl amount aft8r any trade discounts offered. Prèpayments are
valued al the amount repaid net of any Irado discounts due.
Cash at bank and in hand
Cash at bank and in hand indudes cash and short term highly IKiuid investments wth a short maturity of three
months or less from the dale of acquisition or opening of the deposit or similar account.
Credltors
Short term ¢r8ditors are measured al the transoction prlce. Other finan¢ial liabilities, including bank loans. are
measured inillally al fair value, net of transacllon costs. and are measured subsequently al amortised cost using
the effective interest method.
Financlal In5trum•nts
The company only enters Inlo basic financial instruments transactions that result in the recognltion of financial
assets and liabilities like trad8 and other accounts receivable and payable. loans from banks and other thir
parties. loans to related parties and investments in rK)n*uttable ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period
for objective evidence of imp8im)ent. If obje¢live èvidence of impairment is found, an impairment loss is
recognised in the SÈatement of Financk41 Activity.
Penslon costs
The charfly oporates 8 éefined conlribub.on pension scheme lor employees. The assets of the 5chem8 are held
separately from those of the charity. Th8 annual contributions payable are chafged to the Statement of Financial
Aclivitie5.
Pag8 20

MANCHESTER SETTLEMENT
NOTESTO THE ACCOUNTS
YEAR ENDED 31 MARCH 2023
2. ACCOUNTING POLICIES Icont.)
Termination payments
The charity accounts for lerminalion payments in the a¢¢ounting period they are announced.
JUDGEMENTS IN APPLYING ACCOUNTING POLICIES AND KEY SOURCES OF UNCERTAINT
The company makes eslirnales and assumptions conceming the future. The resulting a¢counting estimates wlll,
by definition, seldom equal the related actual rèsutts. The estimates and assumptions that have a slgnificant risk
of causing 8 material adlustmenl to the carrying amounts of assets and liabilities within the next financial ye8r arg
addressed below.
{1) Usglul èconomic lives of tsngible assets
Th& annual depreciation oharge for tangible assets Is sensitive lo changes in the estimated useful economic lives
and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They
ore amended when necessary to reflert current estimates. based on technological advanGement. 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 useful ecorw)mic lives for each class of assets.
lill Impalrment of debtors
The company makes an estimate of the ￿coVerable value of trade and other debtors. Trade debts have bèen
reviewed by the management team and trustees, onty those with a realistic chance of recovery have remained as
assets.
When 8888ssing impairment of trade and other debtors, management considers factors including the currenl
credil rating of the debtor, the ageing profile of debtors and historical experyance. See note 12 for the nel carying
anK)unt of the debtors and associated impaimient provision.
liill Key sources of estimation uncertainly
Approxlmately £480,000 of the forecast income In 2023124 comes from fees. It Includes £469,000 fe8s from the
nursery and child¢are servi¢$. The demand for these services is very sensiiive to the ability of parents to pay
nurs8ry fees. Actual fee income received in April 2023 has begn in line wilh th8 forecast.
Page 21

MANCHESTER SErrLEMENT
NOTES TO THE ACCOUNTS
YEAR ENDED 31 MARCH 2023
OONATIONS AND LEGACIES
2023
2022
Re8iduary Lega¢y
Oonalions
42,750
1.623
44,373
282
282
CHARITABLE ACTIVITIES
(>ants and
c¢xtracts
Rental inc0￿e
2023
Young Pec¢le's Pk)usirKJ Project
Comrnunity Dewb)pnEnt
Childcare
Ctganisathonal DowBkpment
512.544
155.751
4.167
35.250
707,712
10.869
18.396
34,860
S23.413
174.147
478.335
35,250
1.211,145
439,308
439,308
64,125
(>ants and
contracts
Fees
Rentsl incor
2022
Youw People's PbusiThJ Project
Con#Nnity De￿￿)p1Thnt
chi￿c3re
()ganisational De￿knp￿nt
464.456
115,639
32.623
2S,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
OTHER TRADING ACTIVITIES
2023
2022
Hire
19,354
19.354
15,738
1 5,738
Page 22

MANCHESTER SEThLEMENT
NOTES TO THE ACCOUNTS
YEAR ENDED 31 MARCH 2023
RESOURCES EXPENDED
Charitable A¢tlvlties
tivStle$
undertaken
dlrect
T¢)tal 2023
Support
costs
' Pbuses
YourrfJ Peoples Fknusing Project
CO￿nIty De*bpnEnt
Childcare
6.319
329.042
170.116
407.730
913.207
6,319
438,589
206,632
505,105
1,156,644
109.547
36.516
97,375
243,437
Support Costs
2023
Acthiity e>penses
Utilities
Repairs and rraintenance
Rates arbrj facilities man&Jement
Staff costs
Depreciation
Insurance
Miscellaneous eypgns8S
Cffice Costs
Professional fees
1,034
22,302
17,831
119,377
24,908
4,318
762
36,858
1,394
233,117
rnan￿ G05ts
Auditors, remunerallon
10,320
243,437
Page 23

MANCHESTER SEThLEMENT
NOTES TO THE ACCOUNTS
YEAR ENDED 31 MARCH 2023
Charltable Activltles
£tlvllles
undertaken
directly
T¢)tal 2022
Houses
Young peOp￿S Ftsusing Propct
Comnijnity Dfftk>prYtnt
"Chithare
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 costs
2022
Aclimty gwenses
Util'ties
Repair5 arKI maintenanee
Rates and facilities managerrent
Staff costs
Depreciab
Insurance
scelLqneous e)penses
(Krice costs
ProfesSic￿81 fees
11.188
17,393
105.728
21.084
3,611
1,130
23.507
4,743
194.054
I>)￿rnance costs
Auditors, remunerab'on
8.556
202.610
Page 24

MANCHESTER SETTLEMENT
NOTES TO THE ACCOUNTS
YEAR ENDED 31 MARCH 2023
STAFF COSTS AND NUMBERS
2023
2022
Wages and s91aries
Social security costs
Pension ccksts
672.989
588.068
36,211
21.899
646.178
27.692
746.344
2023
No.
2022
Chief ÉxBcutive
c￿OrdInatorS
Proj8Ct wjrkers
Administrati￿ Mrykers
32
30
42
40
Total number of staff Includes large numb8r of part time workers.
On8 member of staff received remuneration in excess of £60,00012021122: one).
During the year, no trusl¥es had travel expenses relmburse(J12021122: none).
No trustee received remuneratw)n Of benefits in kind during the year.
Th8 key management personnel disclosed on page 1 received aggregate remuneration, including employers Nl and
pension costs of £74,23812021122- £70,547}.
There were no slalulory redundancy payments made in the ygor ended 31 March 202312021122.. nonel.
OPERATING SURPLUS
Operating surplus is slated after charging=
2023
2022
Staff pen&on contributions
Depreciation
Auditors, re￿￿nerati[
as auditors
27,692
65,262
21,899
62.213
32
Page 25

MANCHESTER SErrLEMENT
NOTES TO THE ACCOUNTS
YEAR ENDED 31 MARCH 2023
TANGIBLE FIXED ASs￿s
F￿t￿re$ and Long leasehold Fr•ohokl land
ffttlngs
prope
and bulkllngs
R•furbtslwrnnt
Total
Cost Qr ¥a￿at1
At 1 April 2022
Add11t￿$ in Ihe year
At 31 Wrch 2023
150.144
16,486
166,630
2,244.252
635.457
132.998
4,900
137,898
3.162,851
21,386
3.184,237
2,244.252
635,457
Depreciation
Al 1 Aprll 2022
Charge for the year
Al 31 Vorch 2023
111,595
17,540
129.135
194,576
15.063
209.639
100,660
12,709
113.369
66,695
19.950
86.645
473,526
65,262
538,788
Net book value
Al 31 hlorch 2023
Al 31 ￿￿[ch 2022
37,495
38,549
2.034.613
2,049,676
522,088
534.797
51.253
66,303
2.645.449
2.689,325
Tho "Deed of Surrand8rf whTrch transferred the sub lease of p8rts of the building from the LTE Group back lo
Manchester Setuement was completed on the 27h of Apdl 2023.
10. INVESTMEMTS
Movement In market valuo
20Z3
Arkel ￿￿luS at 1 April 2022
PEwdlualion
rket fdlug at 31 Vorch 2023
40,000
40,000
kSstorical cost at 31 March 2023
Thg L. S. Lowry drawing is included in the accounts at £40.000 bging the valuation on 41h April 2022. Trustees
consider the value to remain the same as al valuatK)n dale. The drawing is held in safekeeping by the whitV￿rth Art
Gallery, Manchester, who have provided the valuatson of the drawing.
11. DEBTORS
2023
2022
Trade debtors
Olher debtors
58.946
40,230
.873
31.40S
99,176
76,278
Page 26

MANCHESTER SErrLEMENT
NOTES TO THE ACCOUNTS
YEAR ENDED 31 MARCH 2023
12. CREDITORS- Amounts falling du• within one year
2023
2022
Trade creditors
Tayation and social security
Accruals and deferred incon
Loans
Other creditor5
10.100
12.873
27.790
9,459
8.972
25.275
15,801
11.329
66.564
55.035
13. DEFERRED INCOME
Am)unt as at 3110312022
Afft)unl released
Arounl deferred in the year
'Balance as at 3110312023
4,500
11.0001
6,700
6,700
Deferred incotne cgnsisls of funds received for activrties to be undertaken from 0110412023 as Volunteering
celebration event and Environmental project.
Anx>unt as al 3110312021
'AnK)unt re￿aSed
Arwunt deferred in Ihe year
Balance as at 31103J2022
6.429
11.929)
4,500
14 FINANCIAL INSTRUMENTS
2023
2022
Financial assets that are n*asured at anM)rlised cost
Cash held
Trade d&btors
Cxher debtors ey£luding prepayrrEnts
1.114,939
961,854
44.873
1.196
1.175.081
1,006,757
2023
2022
FlnarKial liabilities that we measured at am￿Sed cost.
Trade creditor5
0￿er creditors
Accrua
10.100
9.282
10.770
9,459
7,773
12,219
30,152
29,451
Page 27

MANCHESTER SEThLEMENT
NOTES TO THE ACCOUNTS
YEAR ENDED 31 MARCH 2023
15. UNRESTRICTED FUNDS
Balance at
IncoThlng 0￿goIng
1 Aprll 2022 resourcos
re$our¢es
Transfors
Gain
Balance at 31
March 2023
Dgsignaled lunds
Fixed asset fund
Houses
Lease purchase fund
Residuary Legacy
1,148,520
265.398
115.062)
16.3191
6,622
1,140.080
259.079
210,000
280,574
1.889,733
210.0
42.750
252.750
267,635
1,681,553
29.811
151.192)
6,622
Unrostricted funds
Cxher charitable fun
1.(KO,213
855,554
1931,110)
984.657
2,741.766
1,108,304
982.302
6,622
2,874.390
The fixed asset fund is designated as the Manchester Selllem8nt part of the value of the New Re￿ndhOUse bullding
and should be considered alongside the New Roundhouse Capilal Project rgstrtcted fund (note 161. To9elher these
funds comprise the lolal value of the New Roundhouse building. The Houses fund is deslgnaled as the value of the
funds invested in the five houses owned by the charity lo deliver charitable services.
The Residual Legacy Fund compTises of tNo legacy donations with no r9Stricled elem8nls rwived during 2020121
and 2022123. During FY 2022123 there was £29.811 utilised from Residual Legacy Fund. Lease purchase fund wa$
d8slgnated to be used in 2023124 for purcha59 of LTE lease of New Roundhouse building.
Transfers
A transfer has been made of £6.622 to the designated fixed asset fund to make a contribution to the unreslrict¢d fund
for the New Roundhouse capital project, this being one year of depreclalion on the long18Bsehdd property.
Balanco al In¢oming Outgoing
1 ￿>r11 2021 iesourcos
resourcos
Transfers
Galn
8alanGo at 31
March 2022
Deslgnatod funds
Fixed asset fund
1,156,960
271.717
287,826
1,716,503
{15.0621
16.319}
20.191
{41,572}
6,622
1,148,520
265,398
267,635
1.681,553
uses
Residuary Legacy
6.622
Unro$tricted funds
Cther charitable funds
877.427
971,051
{793,265}
5,000
1,060,213
2,593.930
971,051
834,837
5.000
2,741766
Page 28

MANCHESTER SEThLEMENT
NOTES TO THE ACCOUNTS
YEAR ENDED 31 MARCH 2023
16. RESTRICTED FUNDS
Balance at 1 Incorning Outgoing
prll 2022
resources
rgsour¢es
Transfers
Balance at 31
arch 2023
New Roundhouse capitsl project
The 42nd Street- Winter Discharge
Funds
LandAid charitab￿ Fund
F Beswick- Science actimth'es
901,156
16,6221
894,534
467
14671
16391
13461
{2,5001
(10.0001
(10.0001
(34.2931
{9,2241
16,761
7,139
16,122
6.793
T NHS - Co¥id Champions Propcl
e MCR- Social ReCo￿ry Fund
C- ¢oMd Heath Equity Fund
Young MCR- OCC
hester City Crjjncil - 1st 10LK)
2,500
10.000
5.000
18.012
5.000
19.600
3,319
4,167
days
MACC - Hate Crimg
4CT LI￿lted- Culture (>ant
FASD
CAJr Manchester- VCS grant
EYPP14CT Limited
4CT Limited- YIF
Limng Planet Centre- Mcl)i1Ssing
Community Climte
Barclays - Swrting Foundation
G￿V0
5.057
16641
17.9001
400
4.000
4,000
38,333
39.593
4.￿0
{38,3331
{39,5931
4,000
500
(5001
390}
16.710)
500
6,710
110
City of Soclal Action- YouThJ MCR
Manchestsr City Council- Warm Hub
Manchester City Councll- Winter
Vaccinabon Propct
Manchester City Council- (Xjr I￿R
FcHJd Partnership
MU NHS Foundation Trust- VCSE
infiuence
MU NHS Foundation Trust- Locdity
Volunteering
MU NHS FouThlats"on Trust- Equalities
Fund
CorNnunity Foundations.. The FredMII
Tfust Fund
Young MCR- SEND
Pov•pr to Change
500
{500}
4,000
11,500}
2,500
12,500
3,135
3,135
1.500
5,500
5.217
12831
9.380
5,0)0
3.000
8.000
174.342
970.656
168.918
6,622}
958,610
Page 29

MANCHESTER SErrLEMENT
NOTES TO THE ACCOUNTS
YEAR ENDED 31 MARCH 2023
The New Roundhouse Capital Project relates to the development of the new premises. The festricted fund on the
New Roundhouse represents the amounts conlributed by Manchester Colleg6 who have bgen granted a long lem
lease. thus restricting their use of part of the building.
The Wellbeing and Communty {Our MCR, EYPP14CT> projects develop community actsvilies to promote cornmunty
engagement In leaming. health and wellbeing.
Fred Beswick - Sci&n¢e Activilles fund 1$ 8 one-off donation over ten years to support science related actlvities with
young p8ople.
Hate crime is a grant from MACC lo d81iver activiti'es that promote hate crime reporting mechanisms.
FASD is a grant that helps to facililale networks of families caring lor Ghildren sff¢¢ted by Foetal Alcohol Spectrum
Disortler {FASDI.
MCC 1st 1000 days is a Manchestgr City Council Grant for supporting the Pa￿ntS.
The 42nd Street- Winter Discharga Funds are funds for re distribution to indivlduals in financial hardship.
4CT Limited - Culture Grant is a grant for délivery of actlvty to pronK)te cultural awareness wth young people.
GMCVO 15 a grant lo provlde out of hours menlal haallh 5UPPOrt.
City c*f Social Action - Young MCR is a grant for youth social aclton projects.
MFf NHS- Covid Champions Proj6Ct Ss a health Fyownolion grant.
One Manchgsler - Social Recovery Fund is a grant for the management of a network of GommunTty organisations.
including distribution gf funds lo othèr groups.
Manchester City Council- Covid Health Equity FuThJ is a health promotion grant, including the distribution of funds lo
other groups.
LandAid Charitable Fund is a caprtal fund for refurbishment of housing for young people.
Barclays - Sporting Foundation Is a funil to continue weekly football segsions for young asylurn seekers and refvgees
and to help them to access coa¢hinglrefereeing ¢ourses. buy new equipment et¢.
Manchester City Coun¢il - Warrn Hub is fundlng to set up and provide access lo public community SPa￿S.
Manchester Cty Councll - Winter Vaccination Project is a fund to erbgage with and promote take up of winter vaccines.
Manchester City Councll - Our MCR Fotxl Partnership C8pilal is a fund to refurbish fwd pantry room.
MU NHS Foundation Trust - VCSE influenc8 Is a fijnd to contribvtg to cost of slrucluring represèntstion of th8
Voluntsry sector in lo¢al decislon making.
MU NHS Foundation Trust - Locality Volunteertng 1$ funding lo (leliver èn action research prolecl investigating what
makes for good local volunl8ering.
MU NHS Foundation Trust - Equalities Fund is funding to deliver a community heallh education and engagement
programme.
Community Foundations -The Fr8dMill Trust Fund is to supp￿1 general community actlvities.
Young MCR- SEND Funding is 8 fund to deliver a 10-week programme of specSal noeds SUPPDrt for families.
Page 30

MANCHESTER SETTLEMENT
NOTES TO THE ACCOUNTS
YEAR ENDED 31 MARCH 2023
Young Manchester
organisations.
OCON is funding to manage a partnership project developing Openshaw community
Power lo Change is a furK1 to support staff Costs incurred during the engagement with organisational (Jevelopmenl
consultants.
Living Planet Centre - Mobilising Community Climate was a fund to purchase small items fly gardening projects.
Balance at 1 Incomlng Outgolng
)rll 2021
r•sour¢os resources
Transfers
Balance at 31
March 2022
w Roundhouse capital project
r ManchesÈr- VCS grant
EYPP14CT Limited
F Beswck- Sclence att1￿1￿eS
'Laing CharIta￿e Trust
Dalrmre Capital
! Lk)yd8 Foundation
' Nth)r8on Group
One Wbnchester - parent wopct
Land￿d CharitsbTe Fund
Fcrfjtball Foundation - Return to Foolball
The 42nd Street- Vvinler Discharge
Funds
M4CC . Hate Crifr£
4CT Limitsd- CU￿re Grant
C - VCSE Pantry
GVCVO
4CT Liwuted- Pwschemes 21122
City (rf knial Action - Young KR
7.778
16,6221
901, 156
38,333
{38,333)
19.792)
(5111
(11,983)
17.gJO)
16,784)
(g)11
115,3941
12,708)
{4501
1,792
7,650
11,983
7,139
6.784
901
15,394
19,469
16,761
450
2,863)
467
1,LK)O
7,500
eA)o
5,760
12,724
18361
7,1001
{6001
5,7601
112,7241
164
400
500
(5001
NHS- Comd Cha￿P10n$ Project
e VCR- S￿181 ReCO￿TY FuThJ
C - Comd Heath Equity FLnd
Young MCR- WC
I￿nChester City C(￿n¢11 - 1st 10
days
Manchesler City Ctyjncil - ￿end
Additional Restrictions Grant
FASD
2,500
10.000
5.000
19,600
10.000
5,OC
18.012
(1.5881
122,2611
2.318
25,000
5.1)57
13,867
113.8671
1,000
982,569
3,000
157.164
{162,4551
16,6221
970,656
Page 31

MANCHESTER SETTLEMENT
NOTES TO THE ACCOUNTS
YEAR ENDED 31 MARCH 2023
17. ANALYSIS OF NET ASSETS BY FUND
2023
Unrestricted Restricted Total lunds
lund5
funds
2023
2022
Lhrestricted Restricted
funds
funds
Totsl funds
2022
Tangib￿ fixpd
assets
1,156
2.689.325
1.750.915
894,534
2.645,449
1.788.169
40.000
1.083.475
2,874,390
40.000
913,597
2,741.766
40,000
983,097
3.712,422
(Xher net assets
64,076
958.610
1, 147,551
3,833,000
69,500
970,656
18. OPERATING LEASE COMMITMENTS
Thg charity had lot81 commitments under operating le85es explrlng as follows..
EquipTrwnt
Propgrty
2023
2022
2023
2022
<1year
2-5 years
> 5 years
2.706
5.976
521
912
16,759
67,037
13,966
14,980
60,067
27,531
102,518
8.682
1.433
19. CONIPANY LIMITED BY GUARANTEE
Under paragraph 8 of the Selllement Memorandum, every member undertakes to contribute to 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 or she ceases to
be a member, for payment of the debts and Ii8tAlities of the Settlement contracted before he or she ceases lo be a
member. and of the costs. charges and experbses of winding up and for the adjustment of the rights of ihe
¢ontribution$ among themselves, such amounts as may be required, not exceeding £1 per member.
2Q. RELATED PARTY TRANSACTIONS
Thgre are no entttias with signrficanl conlrollinterest over the charity. Thère were related party transactions with a sole
trader (IA Sa￿l¢e$}, a close family member of a SMT member. All transactions werè on nomial commercial terns,
lotaling to £2.048 in FY 2022123 IFY 2021122.. £2,235). with an outstanding balancè of £281 at the year end.
Page 32