Company Rggistration Number 00241676
Charity Numbor 228577
MANCHESTER SETTLEMENT
A COMPANY LIMITED BY GUARANTEE
ACCOUNTS
FOR THE YEAR ENDED
31 MARCH 2024

MANCHESTER SETTLEMENT
ACCOUNTS
YEAR ENDED 31 MARCH 2024
CONTENTS
PAGE
Mombers of the Board and Professhjnal Advisers
Trustees. Report
Independent Auditors, Report to the Membgrs
Statement of Financial Activities
12
15
Balance Sheet
16
Cash Fl¢)w Statement
17
Notes to the Accounts
18

MANCHESTER SEThLEMENT
MEMBERS OF THE BOARD AND PROFESSIONALADVISERS
BOARD OF TRUSTEES
Role
Dale of in y9ar
oinlmenl
Dale of in year
resi
nation
1310912023
An ela Do
David Black
Kell Mor
Marcellina Slen
Maria Lesler
Mlcha81 Conwa
Martin Sutton
ela Beacon
Lukes
ib Abdullahi
Tr&￿￿re
2010912023
2010912023
Chair
1510212024
1510112024
COMPANY SECRETARY
Adrian Ball
SENIOR MANAGEMENT TEAM
Role
Adrian Ball
Chief
Executlve
REGISTERED OFFICE AND
PRINCIPAL ADDRESS
New Roundhouse
1328- 1330 Ashton Old Road
Openshaw
M8nch8ster
M11 1JG
AUDThORS
Crowe U.K. LLP
Chartered Accountants & Registered Auditors
The Lexlcon
Mount Street
Manchester
M2 5NT
BANKERS
The Co-operative Bank PLC
PO Box 101
1 Balloon Streot
Manchester
M60 4EP
SOLICITORS
HLF Berry
446 Badow Moor Road
Chortton
Manchester
M21 OBQ
Page 1

MANCHESTER SETTLEMENT
TRUSTEES, REPORT
YEAR ENDED 31 MARCH 2024
Chalr's Report
I would like to begin my report by thanking the Trustees, Chief ExeculNe. staff and volunteers that have
contributed to the charity during the yeaT. The charity has continued to grow its impact through the extension of
servic&s and the development of new services that positively impact upon the wide range of inequalities Ih8t
the residents of North Manchester face on a daily basls. The trustees ar8 very proud of the staff and volunte818
that are driven to reduce those inequalities and improve tha life ch8n¢8s of local people.
2023 was a very important year for Manchester Setuement in that the charity compl8ted the purchase of the
previously long tem leased out parts of the New Roundhouse building. This purchase has allowed us to
develop stratggies for increasing the impact of our spaces and plans for increasing the revenues that our
spaces provide to support the core infrastructure costs of the charity. Consequentty, wo were able to double our
income from room hiTe to almost £40k and develop 3 partnership with Manchester City Councll lo eslablish our
centre as a Family Hub, Lrtilising the space now available to us.
Our Nursgry and After School Club continued to provide well regarded edu￿tiOn and care to 'Give Children
The Bast Possible Start in Life". however the Iruslees needed to make the decision to adjust the delivery model
to become YeTm Ilme only lo support wth the industry wide challenges of profitability and staffing. This change
was accompanied by a temporary closure of our"Baby room due lo falling demand. Both of these changes are
subject lo corbtinual review and indeed we are planning to re-open the Baby Room in September 2024 aligned
to increases in the funding available for these children.
Th& works lo transform our outside play area Completed in January 2024. and we are very happy with how ¢)ur
children are enloying the space.
Our Supportetl Accommodation service continued to provSde homes and SLtpport for vulnerabl8 young people,
wth our capacity growing durfng the year from 29 to 33 bed spaces. The management team have been worklng
hard on d&veloplng the service lo meet the specrficalion of the now legislatK)n established in 2023 to govem the
quality of such provislon, and the Inspection Framework s8t out by OFSTED. The servic8 completed a
successful registration process wth OFSTED and is working lo the new standards on a dally basis.
Our Open Access Youth and Play provision has continued to be very popular. Our weekly sèssion$ now atlract
over 50 young people such that the Iru8lees have decided lo invesl in additional staffmg hour5 to open up
8nother youth night pending applications for further funding. Simi18rty, our F¢X)tball provision for young asylum
seekers continues to atttacl high numbers of young men. We are building upon their attendance with a wider
support pro9ramme around health and wellbeing.
Our Community team has successlully wdened the offer available lo adults that need support during the first
year of the Our Manchester funded project. The funds provided by that project have enabled our staff team to
secure additional fijnds for projects. doubling the initial fvnd value. and increasing the impact we make. 7C4)
adults benefitted from our communty programmes during the year. attending for over 10,000 collective hours,
by far ouf best perfomian¢e for many years.
The last months have also seen the launch of a partner5hw) with the Health Creation Mliance. We have
worked wfth the HCA lo deliver an Action Resear¢h project across 3 areas of Manchester that aims to deliver
better long term health outcomes in ¢ommunilies through improved reflectlve practices in small community
organisations. We are excrted that this work is attracting Interest from commissioners across Manchosler and
are hopeful that we w511 be able to exlentj the project In Ihe nearfviurg.
Flnalty. 11 Is very 5ignlficant to note that Manchester Setuemenl has boen selected as the only new communily
building in Manchester to b￿me part of the Family Hub programme roll out. Whilst the building refurbishmgnts
will take place in the sumrner of 2024, our success In b8ing part of thSs is due to tha priortty that has been given
over the last 4 years lo increasing the provision of infomial service$ for parents with children. During th8 last
year this included programmes foT Children wilh special edu¢alional need$. programmes for young mothers and
much more.
Page 2

MANCHESTER SETTLEMENT
TRUSTEES, REPORT
YEAR ENDED 31 MARCH 2024
Corporate Challenges
Th8 trustees had sensibly budgeted for a potenlialty iurbulent year aware of significant cost pressures. The
impact of significantly higher salaries Ifollowing increases in the Real Living Wag&l, increased ulilily costs, and
less flnancial contributions towards building Costs following the exlt of th8 long-terrn leaseholder.
Strong rnanag8menl of costs. new and improved grantslcontracts during the year, plus strong perfomianc8 with
oui room rentals meant that the budget position was improved upon consider8bly throughout the year.
Along with other charities, we aro facing up to the th￿ats posed by insufficient cyber security in an ever-
changing landscape. We ¢ommen¢ed a Cyber Security proSe¢t in October 2023 which is progressing with the
gradual roll oul of technic81 and procedural improvements lo our data environment. We are also managing the
risks of w)or data mana9ement through moving more core services onlin8. Durin9 2024 wo successfully
implemented a new online HR management system which has led lo bett&r, saf8r an¢J moro streamlinad
servus.
We K*mpleted our registration process with OFSTED for our Supported Housing service on lime, receivlng
excellenl feedback. but are very conscious of the demand5 that this new quality assurance framework places
upon us. In response we in¢reosed the size of the stsff team mid-year, and Implemented a new management
structure lo include a deputy manager role.
The trustee5 wouhl like to thank all the funders that have made our sSgnrfi¢ant achigV8menls possible. Major
funders have included..
Manchoster City Council
Uoyds Bank Foundation
National Lottery- Cost of Living Fund
Young Manchester
One Manchester
4CT Limited
Man¢he$leT UnNersity NHS Foundation Trust
Greater Manchester Centre for Voluntary Organisation
Our work wwld not be posslble without the commitfflent of our passionate volunteers and 8tsff who are drlvan
to improve the liv&s of young people. The board would additionally wish to p88s on their thanks lo them all.
R•vl•w of Chafity'$ Position
Our financial position at the end of the reporting pericwj is healthy. Our free reserves lunrestricled funds that are
not used lo fund property) prgvide for around five months of operating costs Ise8 page 101
Plans for the n•xt 12 Months
The charity w511 continue to implernenl Intemal and external plan$ that enable u5 to deliver on our newly
consldered purpose statement- STRONGER COMMUNITIES TOGETHER.
8grvS¢e areas and th¢lr priorities
Young Peoples Servlces Ilnduding Supported Housing)
To work with investment partners in order lo increase the supply of home$ for vulnerablo young adults
in Manchesler.
We continu8 with our service improvement plans, fo￿8$Ing uwn continued staff development.
To tsmplemenl a new staff structur8.
We become a recognised ¢enlr& of excellence with regar(I lo working with asylum seeking young
people.
To prepare for a futur8 OFSTED framework that will be a mandatory Insp9Ction arrangement for the
service.
Paga 3

MANCHESTER SErrLEMENT
TRUSTEES, REPORT
YEAR ENDED 31 MARCH 2024
Child and Family Services
To embe(l our role as a Family Hub, within thè Manchester and national ne￿ork offamily hub centres.
To explore options for growth of our impact upon children and families in other community Setting5.
To re-open our Baby Ri)om.
To prepare for future OFSTED inspe¢tion5.
Communty, Health and Well￿1n9
To adapt our provision in response lo the space needs of thè Famity Hub.
To roll out the Health Creation approaches across our own teams. and in fvlure projects across
Manchester.
To contir)ue to adapt and create services lo bulld communty capacity and confKlence.
To improve dats management to allow for data Informed services.
Charity Leadership and Management
To improve the internal mechanisms whereby drfferenl departm8nls come together Imggtings.
development $8ssions 8lcl-
To embod cyber s8curity pro¢&sses.
To have Gonsidered the overall structure of the n¢n-departmental I core leadetship.
To build the capacity and slr8nglh of our board of trustees and management team. and tha quality of
systems that serve them, so as lo have a sound succession plan.
To ￿ntinUe lo progress our new marketlng strategy.
Post Year End Signlflcjnt Events
The charity signed an agreement for 3 LoanlGrant package from the Social Investment Business In earfy Aprll
2024. The £150k fvnd was immediately used to ftjnd the purchase of a house lo be used as part of the
Supported Housing seNicè, wth repayments of the IoBn elernenl over 3 years. These repayments have been
built into the cashfiow analysis and our judgements of goin9 concern.
The Nursery was inspected by OSFfED on the 15th April 2024. The trustees and managemonl team are
delighted that the nursery maintained ils"good" rating.
Free reserves were utilised lo fund the purchase of a further 2 bedroom house in July 2024 to support the
expansion of the Supported Housing service.
Signature
Marba Lesler- Chair
Date:
4¢1&1? IL9
Page 4

MANCHESTER SETTLEMENT
TRUSTEES. REPORT
YEAR ENDED 31 MARCH 2024
INTRODUCTION
The truste8s are pleased to present their annual Trustees, report toyelher wlth the financlal stst8ments of the
charity for the year ended 31 March 2024 which are also prepared to meet the fequirgmenls for a directors.
rerort and accounts for Companies House.
CHARITIES ACT PURPOSES
The ffftandal statements comply with the Charities Acl 2011. the Comp8nies Act 2006. the Memorandum and
Articles of As8oci8tion. and Accounting and Reporting by Charities.. Stslemenl of R8comm&nded Practice
applicable lo charities preparing their accounts in Bccordance with the Financial Reporting Standard applicable
in the UK and Republic of Ireland IFRS 1021 leffective 1 October 2019).
The directors of the charitsble Company (thg charity) are its trustees for the purwse of charity law.
The trustees and officers serving during the year and since the year end 8re as per page 1.
STRUCTURE GOVERNANCE AND MAhlAGEMENT
L•gal sta￿8
Manchester Seltlement is a private company limited by guarantee Iregislration number 00241676} and is a
registered ¢harity Iregistralion number 2285771. 11 is govemed by its Memorandum and Articles of Association
daled 12 August 1929 as am8nded 16 January 1997. 28 November 2013 and 19 September 2017.
Goveman¢•
The charity has a l)oard of Iruslees that overs8gs the running of th8 organisation. The board of Irustéès are
ele¢ted al the Annual General MeBtlng. Each year, they also elect three honorary officets from theSr own
number.. a Chairparson. Vice-chairperson, and Treasurer. They also elect a Company Secretary who does not
need to b8 a trust&&. The board shall be not less than three and with the upp8r limit d8fin8d by the b08rd from
time to tlme. Trustees must resign at the Annual General Meeting rf they have been on the board for threè
years bul may stand again for re-electlon. Trustee8 ar8 rocruiled and elected rf a particular skill or experSence
is identified. The board of Iruslees may co-opl advisors lo the board as and when particular skills ore requlred.
Chorlty Gov•manGg Cod•
The Twstees have adopted the Charity Governance Codg. an updatgd v8rsK)n of which was published in
December 2020, and are guided by rts principles and recommended praclice for good governance. The
trustees note that the current Memorandum and Artides of Asso¢ialion need reviewing in 2024125 to refle
guidance on maximum terms for truste8S.
Indudlng Trustees
Al new tnjstees are interviewed Prtor lo appointment by the Chair and CEO before being Considered for
appointment by the Irustees. Upon appointment they are required lo undergo DBS clearance checks as part of
our safeguarding poffi¢y. New trustees then spend a half day in the charity touring the different projects to meet
staff and $8rvice users. They are inducted Into the role of a trustee based upon the Charity Commission
guidance.
Decision Maklng
The trustees have ag￿ed a schem6 of delegation which specifies thg derAs￿$. limits and tolerances that ar
available to the CEO and to other staff. The tiustees agree the ¢harty'S Strategy and budget plus a limited
range of statutory policies. The CEO may make decisions that are in accordance with the charity's strategy and
agreed budget, including the hiring of stsff and agreeing contracts.
Page S

MANCHESTER SETTLEMENT
TRUSTEES, REPORT
YEAR ENDED 31 MARCH 2024
OUR PURPOSE
CREATING STRONGER COMMUNITES TOGETHER
Our $trategic framework conllnues to direct our decision maklNJ and our pracllce across parts of the charity.
CREATING STRONGER COMMIJNITIES TOGETHEA
-vlidlWe
',Ifish 105ee
Vhat We
Ilelr
jur Seivire.
Re5PQit thp SifEn¢ih5 and ¢￿.ed5 of all ol ou¢ siakphddets
alLte'.
EIQ tiulhlvl Icaft5p￿ert
BÈ brnve onou%h foiPthllenp.e
MANCHESTER
SETTLEMENT
Publi¢ Benefft
In shaplng our objectives for thg year and planning our 8¢tiviti&s, the Injslees have consldered the Charity
Commission's 9uidance on publi¢ bon8frt. including the guidance 'public bènefit: running a charity..
The original objècts of Manchester University Settlement {old name for Manchester SettlÈment} defined in the
Men￿)rand￿m and Artides of Association re9lStered in 1929 are.. To prom¢le the social welfare of the poorer
residents in the City of Manchester and neighbourhood. The benefiGial ore8 is the City of M8n¢hester and
District.
In 2013 Manchester Settlement adopted a new set of Memorandum and Articles which elaborated on this
sllghlly saying= To promot8 the a¢fvancement of educat￿n, the furtheran¢e of health and all other measures for
the so¢i81 welfare of the poorer residents in the City of Manchèster and neighbouring districts. The trustees
believe these original objects lo still be relevant and appllcable, however thgy plan lo review and update them
subject to Charity Commission approval in 2024125.
Page 6

MANCHESTER SEThLEMENT
TRUSTEES, REPORT
YEAR ENDED 31 MARCH 2024
The Trustees, report sets out the activities and achievements of the Charty during the year ended 31 March
2024. From the Trustees, report it can be seen what the benefits are and that the benefits are related to the
aims set out above. Our work has continued lo be centred around six cmss cutting Outc￿es.
11 Lèaming and Giobvth
21 Economic W8Ware
31 Wellbeing
41 Inclusion and Access
51 Social Rolationshlpslconnections
61 Communty Power
I this work ha5 benefited both the direct benefldaries Ihemselv&s and their communities throughout the Clty
ol Manchester. All the beneffciarieg could ba described within the terms of the original 1929 Memorandum and
Articles of Association as 'the poorer residents of the City of Manchester and neighbtsurhood. and no individual
has been excluded on the basis of their inability ID pay or by geographical or inappropriate restrictions. The
8v8ilability of places is limited only by numbers and criteria of need. In most cases there is no charge lo the
benaficiary because payment is received on their behoif from ihe publi¢ purse.
ACHIEVEMENTS SUPPORTING OUR CROSS CUTTING OUTCOMES
Manchester Setuemenl largety adopts performance indicators from lh8 funders that give us grants or contracts.
The trustees are delighted to report thot all of these granvconlracls performed wo11.
Headlin• A¢hle¥ements $upporting our obj8ctlvo$
Our supported housing Servi￿ successfvlly registered with OFSTED and is online to reach target
capaeity by July 2024 which is line with our forecast.
Our Childcare setvices reduced lo'temi lime only which had not been Lviginaly planned at the start of
the year bul has SUPPOrted finanryal sustsinability in the long temi. Over 2(M) children benefited, beyond
our expectations,
Our community and youth services successfully ddiverèd oulcom8s requlred fmm over 20 grdnl
schemes.
Pag8 7

MANCHESTER SETTLEMENT
TRUSTEES, REPORT
YEAR ENDED 31 MARCH 2024
Dlgltal Skills groups and Gks8e8
Arts and crafts groups
ESOL classes
Convèrsation dubs
Well Women peer supp¢Jrt groups
Health Champions training
First Aid training
Stay and play childco￿ sessions
Nutsery education and care lo 4 years
After school club daily sessions
PSHE for asylum seeking your
people
Edv¢alion advocacy for young p8ople
School holiday healthy eating clubs
Youth led cuKuTe within all our ywth
provision
Free or lowest possible cost adivlty
Welcoming, frlendly. caring spaces
Renowned provision fcy SEN
children
8engficiaries have 30+ nallonalities
Targeting activity at excluded
individuals
Tglephone b@friendiro for i8olalgd
individuals
Ensuring suitable access lo Ihosg
wlh18arning and oth8r disab*lili&s
Engaging people with mental health
iSSUgS
Advocating for vulnerable young
people
Celelyating diffarenl cuttures and
religions
Youth twslee
Youth
nels
New friendshlps created daily
Parents groups
create
support groups
Parents What$App group I noti
board
We ¢onstantly strive to bring isolated
people
into
posittve
group
environments
Our supported housing work 15
based upon creating social networks
We are a trusted sourco
inlorrnation on local agencies
Who19 youth offer ￿atIrttJ
communtty for the young people
Food panty project
One Money advicè se￿iC
Be Well advice and support
Signposting and information servke
Cf(izens advice sessions
Free Community Café
Free stay and play sessions
Striving lo be lowest cost chlldcara
provider in the area
Pop Up school uniform shop
Supporting benefits application$
Fre9 youth a¢livitses and trips
Free food and drinks provided daily
Free holiday activities and a hol meal
Budgeung skills for school aged
throu
h lo adults
Wellbelng Wednesday8
Thursday community thop In
Signposling to specialisl advice
Covtd Health Equtty Work
T81 Chi I senior exerGise I massage
Senior Calch Up gTOiIPS
Buggy walks
Early help I fofflily support approach
ensures g¢)o(J wlerTal lo other supporl
PHSE pmgramme for asylum seekers
Links wtlh exlemal support agencies
e.g.. CAMHS. 42IWJ Str8et, Eclypse
l Mind You Malter project
lasting
Openshaw
Community
Organisations Network is lacililatad
Objectives in place to secure fun(Js
lo pass tsn to community groups
Free space provided foi community
groups lo grow their proiects
40+ volijnleers per year are
supported such that they can
improve themselves and the livès of
olhers
Volunteer project ideas are invesled
in
Cofflmunlty
members
have
continual voice In our strategy and
how we deliver
Page 8

MANCHESTER SETTLEMENT
TRUSTEES. REPORT
YEAR ENDED 31 MARCH 2024
CONTEXT
Manchester Settlement has been providing an evolviThJ mix of seNices lo the resldents of North Manchester for
130 years with the objective of enhancing the lives of communtty memb8rs through projects to improve health,
educallon and ￿mmunity development. Thg objectives for this work were relevant 125 years ago and ¢onlinue
lo be relevant In 2023. The refreshed 2020 Our Manchester Strategy hlghlights the areas of strength and
otvjrtunity wthin Manchester. and areas ol conlinuing d)allenge within Manchester.
Health: Moncunians have sm of the poorest heatth in the country e.g. healthy lrfe of below 58 years
arKI high deaths from cancer. heart, and Tespiralory illnesses.
Poverty= In March 2019, around 45,150 children under 16 lived in Iow4n¢ome househdds {41•A) In
Monchester compared with the average of 30QA across th8 rest of the country.
A falr economy: Tw many of our r8sidenls have insecure work and lower pay compared to many
worters who work in our city. Fewer Manchester residents (780A) eam at least Ihg Real Livlng Wage,
ompared to all workers in our cty 187%). and hall of residènts wlth no or low qualffications are
un8mployed.
Affordable housing.. Manchester has committed lo creating 32,000 new homes by 2025: this muyt
include a range of affordable homes across the city to support diverse communities.
Climate ¢hange= The city has committed to becoming zoro-carbon by 2038 at Ihe latest and the Council
declared a Climate Emergency in July 2019.
Brexrf('. The UK'S departure from the Euro￿an Union près8nls a challenge for mary buslnesses and
our communllies.
Monchester S8Wement conlinu8S to bulld the rapacty of those who may face these barriers to have the best
chances lo tske part and contribute to the developiThJ cu￿Ural and economic vision for Manchester.
FINANCIAL REVIEW
The charity ended Ihe finorrial year In a very positive financial positi￿. The availability of grants to support our
lOng.ter￿ charitsble work and the business SUPPOrt grants available lo us ensured that we were able to not rely
upon subsidising service delivery from other charitable funds. The previous and thls years. legacy fund has
allowed for the selected sUPPOrt of charity funded projects that would have had to Gease otherwise.
Our principal sources of funding during the year continued lo be unrestricte¢J f88 funding from the Sales of
child¢are places and rental income from our houses plus restricted grant lunding for se￿1¢$ development ol
delivery projeds.. these are all recorded as income from charilablo activities - 98.919A of the lolal income of the
charity 12023.. 96.340AI. The other 1.09V/o is deriv￿ from voluntsry donatK)ns and investment inGome. The
proportion of income from charitable activities in the year 2024 is higher duts lo increased activities duriro the
year. Overall, (Alr income increased by 7.61tl/• Gompared to the prevk)us year12023 saw an increasts of 13.2&101.
Our risk management pLgn focu8SgS th6 attenllon of Irusloes and managers upon are88 of financial volatility on
a monthly basis. Our budget for 2024125 predicts a surplus of £60K which has been agreed by the board. The
budget utilises £206k of designated funds funded through the remaining £217k 18gacy fund r￿1ved in th
previous and current years. The board have allocated this designated fund to mainly capital projects and
developmonts that have a significant impact upon our benef￿arleS.
In 2023124 restricted funds raised for projects support totalled £273,285 with associated èxpenditure of
£245,211. In th¢ previou5 year restricted funds raised were £168.918 with expenditure of £174.342. Any
reslri¢led funds un$penl are carried forward for use in following years where permitted.
Going Concèm
The trustee risk assgssment of the trading Conditions. Cash flow5 and reserves are that grant and contfacl
funded activity will continue lo grow and to meet the necessary internal contribution charges. The high level of
reserve5 enables the charity to designato funds to projects that further charitable objectives. The trustees
conclude that the charity is a going concern and that there are no material uncertalnlies that cast doubl upon
the ability of the charity lo remain as a going concern for 8t least next 12 months from the signing of tho
accounts.
Page 9

MANCHESTER SErrLEMENT
TRUSTEES, REPORT
YEAR ENDED 31 MARCH 2024
Investment powers and pollcy
The trustees, having regard to the liquidity rgquirements of operating the charity operate a number of inslanl
access current and depostt accounts attracting low levels of intere51 with high street banks. Balances are
monitored to maximise PTole¢tlon from bank fallvres. The Flagstone account management plattom has been
adopted lo slmplty th8 management of multiple accounts.
Rlsk Management
The trustees havo a risk management strategy which compris8s of..
an annual review of the prindpal risks and uncertaintitts that the charity faces and the establishment of
policies. systems and procedures lo mitlgate those risks Klenlified in bi-rnonlhty uwlales regarding
slgnificant changes lo the risk register.
the implemenlalion of proc8dures d8slgned lo minimlso or manage any polentlal ImpaGI on the charity
should those rfsks malerlalise.
Thls work has idenllfi8d that the key risks for the charity and th& k8y actions are:
l Risk
Actlons to roduce risk
FJLIM
erso
rus
Progress wth Gurrenl recrultment aclfvity
Loss of daia leading to harm lo staff or service Implement findings of cyber security review
ysers. financial loss and other 4amages.
NuTserylChlldca￿ demand Iluctualtons crgaie Improve nursery marketSng through a full year
an unstsble finanoal position
maTkoling cycle
Reserv•8 Pollcy
The Irust88s operate a risk-based approach to identifying an ideal level of r&8erves that will give our partners
and stakeholders confidence that the organisation is robust, whilst demonstrating wo maximise the impact of
our funds upon beneficiaries. The nature and variability of our contracts and income along with our contractual
commitments impact upon our risk analysi5. The risk analysis has identified that an absoluts minimum of th￿e
months of operating ¢osts should b8 maintained, but that six months of operating costs would enable us to
deliver a well-manag8d service that would allow us to ensure a high4Juality redesign or transfar of assets and
activities for the benefrt of our beneficiaries.
For 2024125 our minimum level of reserves is required lo be £370.250 with a target level of reserves of
£740,500. Of the Un￿strICted fund of £1.150.081 {note 151 £383,205 has been ulilised lo fund the freehold
houses {2024= £263.0091, £42.804 fixtu￿$ and fittings 12024.. £37,495) and £87,330 to fund refurbishment
12024.. £51,253). Al the 31$1 March 2024 there were £636.742 of free rgSOtves12024: £632,900) which is w¢lhin
the tsrget range for fr8e reserves. The management team will ciosely monitor Income and expgnéiture during
the forthcoming yeai and dgpendirvJ upon financlal parformanc8 vlll seek to inv8sl any surplus reserve to
secur8 long t&rm public benofrt.
Pay polley for sgnior staff
DireGtor¥ are not paid but may claim expenses incurred. The salary s¢ale of the Chvdf Executive is approved by
the lull board of Iruslees foll¢)wSng an analysis of CDmparallve organisalions and a performance review.
Page 10

MANCHESTER SETTLEMENT
TRUSTEES, REPORT
YEAR ENDED 31 MARCH 2024
Fundralsing
The charlty had fundraising aGtivitie8 reouiriro disclosure under S1624 of the Charthes Act 2011.
Post Roportlng Y•ar Evgnts
The charity signed an agreement for a LOa￿Grant P80kag8 from Ihg Social Investment Business In early April
2024. The finance package was for a totsl of £150k. 75% Loan (over 3 years) and 250A grant. The fundlng
package is Testri¢led to the purchase, refurbishm8nl and project management costs r8lRtlng to the purrhase of
a 2 bedroom property to add capacity lo our supported housing project.
Tru5t•¢$' responsibllltlos in relall¢n lo the flnan¢i¥l stat8menl$
The charity trustees (who are also the dlrectors of the Manchester S8ttlement for the purposes ol company lawl
are responsible for preparing a Iwslees, annual r8POrt and financial slalements in accordance with applicable
law and United Kingdom Accounting Standartls Iunited Kingdom Generally Accepted Accounting Pr8Ctice)-
Company law requires the charity trustees to prepare ffinancial stalements for &ach year give a true and
fair view ol the slate of affairs of the Charrtable company and of the ino)ming resources and application of
resources, including the income and expenditure. of tha charitable company for that period. In preparing the
financial slatemenls. the Iruslees are requirèd to=
seled suitable accounting policies and then apply them consistently.
observe Ihe methods and principles in the Charilies SORP.,
make judgements and estimates that are reasonable and prudent.,
stale whether applicable UK accounting standards have been ftillowed, subigct lo any materlal
departures disclosed and 8xplained in the financial statements-
prepare the financial slatem8nts on the golng concèrn basls unless it Is inapproprlate to pre$Un￿ that
the charity wlll continue in business.
The Irustsès are responsible for keeping proper accounting records that dtsckn8e with reasonable accuracy at
any lime the financial position of the charity and to enable them lo ensur8 that the finan¢ial slalemenls compty
with the Companies Act 2006. They are also responsible for saleguardlng the assets of the charty and hence
tsking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenanc¢ and integrity of the corporate and financial infomiation
included on the charitable company's website. Legislation in the United Kingdom governln9 Ihe preparation and
diss9minat￿ of financial stalements wnay differ from legislation in other juri5diclions.
statem•nt as to dls¢lo8ure to our audltors
In so far as the Iruslegs are awar8 al the time of approving our trustees, annual report there is no relevant
information, being information needed by th8 auditor in connection with preporing their r8POrt, of which the
harity's auditor is unaware, and the trustees, having made enquiries of fellow directors and the auditor that
they ought to have individually taken, have each tsken all 6tsps that helshe is obliged to take as a director in
order lo make themselves aware of any relevant audit infomalion and to establish that the audiler Is aware of
that Nifomali)n.
The Twstees have takan advantage of the small companies exempuons provid8d in section 415A of tho
Compani8s Act 2006.
By orderof the board of trustees
Maria Lester- Chair
18th July 2024
Page11

MANCHESTER SEThLEMENT
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS
YEAR ENDED 31 MARCH 2024
Independent Auditof s Report to the Members of Manchester Settlement
Opinlon
We have 8udi18d the finan¢lal statements of ManGhesler S&ttlem8nt I'th8 charitabl8 company) for the year
ended 31 March 2024 which comprise Statement of Financial ACt￿ltieS, Balance Sheet, Statement of Cash
Flows and notes to the finanaal ststements, including significant accounbng policies. The financlal reporting
fr8mework that has be8n applied in their pieparation is applicable law and United Kin￿OM Accountin9
Standards, including Financial Reporting Standard 102 The Financial Reporting Standard appltcatle in th& UK
and Republic of Ireland (United Kingdom Generally Accepted A¢￿UntIng Praclicel-
In our opinion the financial statements:
give a true and fair view of the slote Of the charitsble company's affairs as at 31 March 2024 and of its
income and expenditure. for the year thon ended.
have been properfy prepared in accordanoe with Unlt811 lQngdom Gengralty Accepted Accounting Piaclice..
and
have been prepered in accordance with the requirements of th& Companies Act 2006.
Basls for oplnion
We conducted our audit in ocwrdance wSlh Inlemalion81 Standards on Auditing IUKI IISAS (UK)) and
applicable law. Our responsibilities under those standards are further described in the ALMlitor's responsibilities
for the audit of the financial stslements section of our report. We are independent of the charitsble Company in
accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK.
including the FRC'S Ethul Standard, and we have fulfilled our other ethical responsibili118s in accordance with
these requirements. We believe that the audit evidence we have oblained is sufficient and appropriate to
provide a basis for our opinion.
Conclusions rolatlng lo going con¢ern
In auditing the financial statement5, we have concluded that the trustee's use of the g(Mng concern basis of
8ccoiJnbng in the preparation of the financial statements is appropr4ate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or
conditions that, indivldually or collectively, may cast signlficanl doubl on the charitable company's abillty to
continue as a going concem for a pariod of al Igasl Iwelve months from wh8n the financial statements are
authDrfs8d for issue.
Our responsibilities and the rgsponsibilrties of th8 trusteès wllh respect lo giing concern ale doscribed in Ihg
relevant soctions of this report.
other Inforniallon
The trustees are responsible ft)r the other information contained within the annual report. Th8 other infomation
comprisès the infomialion included in the annual report, olh8r than the financial slalements and our auditor's
report thereon. Our opinion on the financial statements does not ￿Ver the other infomiation and. except to the
extent otherwise explicitly slated in our report. w8 do not express any form of assurance conclUs￿D thereon.
Our responsibilty is to read the other information and. in doing so, consider whether the other information is
materially in¢onsistenl with the finanrial statements or our knowledge obtained in the audtt or otherwise
appears lo be materially mtsstatèd. If we identify such material inconsistencies or apparent material
misslalemenls, we are required to determine whether this gives rise to a materSal misstatement in the financial
statements themselves. If, based on the work we have performed. we conclude that the￿ kq 8 material
misslatemenl of this other infomlation. we ère required lo report that facl.
Wo have nothing lo report in this regard.
Page 12

MANCHESTER SErrLEMENT
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS
YEAR ENDED 31 MARCH 2024
Oplnlons on other matters proscribed by the Companio5 Act 2006
In OUT opinion based on the work undertaken in the course of our audit
the informalSon gwen in the trustg9s' report, which includes the directOTS' rep
prepared for the purposes of company law. for thg financial year for which the financkg181alemenls are
prepared is conslslenl with the financial slatemenls,. and
the directors. report includ&d within the Irusleos, r8POrt h8V8 been prepared in accordance with appllcable
legal requlrements.
Matters on whlch we are required to roport by èx¢eptlon
In light of the knowledgg and understanding of the charitable company and their environment obtsined in the
course of tho audit. we have not idenlified material misstatements in the diredors. report includ8d within the
tru5tees' report.
W8 have nothing to report In r&specl of the following matters In relation to which the Compan188 Act 2006
requires us lo r8port to you rf, In our opinion:
adequate and proper accounting records have not be¢n kept- or
the financial statements are not in agreement with the a¢￿untIng records and r8tums'. or
certsln disclosures of trustees. remuneratSon specified by law are not made- or
we have not received all the inforrnalion and explanations we require for our audit- or
the trustees w6w not entitled to prepare the financial slalements irh accordan¢8 With the srn811 companies
regSme and lake advantage of the small ¢omp8nies' exemptions in preparing the Iwstees. directors, report
and from the requirement to prepare a strategic report.
Responsibilitiès of trustees
A5 explained more lully ir) the Iruslees. responsibilities ststement sel out on page 11, the trustees (who are also
the directors of the charitable company for the purposes of company lawl are responsible for the prepaRlion of
the financial ststgmenls and for being satisfied that they give 8 true and fair view, aNJ for such inlemal wntr
as the trustees determine is necgssary to enable the preparation of financial statements that are tree from
materlal misststement, whother due to fraud or error.
In preparing th8 financial statements, the Injslees a￿ responslble for as8esslng the charrtab￿ company's
ability to Continue as a going concem, disclosing, as applicable. matters r8laled to going concem and using the
going concern basis of 8ccounling unless the Iruste8S 8lther intend to liquidate charilablo company or to
cease oper81ions, or have no realistic alternative bul lo do so.
Auditovs respon5ibilltles for the audit of tho financial statements
Our objectives are to obtain reasonable assurance about whelher the financial statements a¥ a whole are free
frorn materi81 misstatément, whether due lo fraud or arror, ané to issue an auijitor's report that includes our
oplnlon. Reasonablg assuranc& is a high l&v81 of assumn¢e. but is not a guarantee that an audit ccmduct8d in
accordance wllh ISAS IUKI will always detect a material misslalement when it oxists. Misstat8ments Can arise
from fraud or error and are consldered material if, Sndividually or the aggr8gate. they ¢ould reasonabty be
expecl8d to influen¢e the economic decisions of users tsk8n on the basis of these financial stslements.
Details of the exlenl to which the audit was considerad Capab￿ of detecting irwulartties, including fraud and
non-compliance ¥￿th law$ and regulations are sèt ovt below.
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website at.. www.frc.or
This description forms part of ￿r
auditor's report.
Extent to which the audlt was consldered Capable of detecting irregularities. including fraud
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We identified and
assessed the risks ol material misslalemenl of the financial slalements from irregularities. whether due lo fraud
or error, and discussed Iheso between our audit tèam members. We then designed and performd audit
Page 13

MANCHESTER SEThLEMENT
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS
YEAR ENDED 31 MARCH 2024
proGedures responsiva to those risks. including obtsining audit evidence Sufficiènt and appropriate to provide a
basis for our opinion.
We obtained an understanding of the le981 and regulatw frameworks within which the charitable company
operates, focusing on those laws and regulations that have a direct eff8¢l on the determination of material
amounts and disclosures in th8 financial statements. The laws and regLslalions we considered in this conlexl
were the Companios Act 2006, the Charities Act 2011, together with the Charities SORP IFRS 1021. We
gssessed the required compli8nc8 with these laws and regulations as part of our audit procedu￿$ on the
relat8d financial statement items.
In addition, we considered provisions of other laws and regulations that do not have a direct effect on the
financial statements bul compliance wth which might be fundamental lo the charitable company's abS1ity to
operate or to avoid a material penalty. We also consid8r8d the opportunltles and incenllves that may exist
within the charitable company for fraud. Th8 laws and regulations we considerod in this ¢ontext for the UK
operations were employment legislalion, taxation leglslatKin and health and safety legislation
Audf(ing standards limié the required audit proceduros lo idenlrfy non-compliance with these laws and
regulations lo enquiry of the Trustees and other management and inspection of regulatory and legal
correspondence, if any.
We identified the greatest risk of malerlal impact on tha flnanclal statements from irregularthes, including frautl.
lo be within the liming of recognition of grant and contract income and the override of control$ by management.
Our audit procedures lo respond lo Ihese risks included enquiries of management. sample testing grant
Ogreements from source agreement to posting in the norninal ledger, including local authority funding clairns,
sample t8sling on the posting of journals. reviowlng a￿oUntIng estimates for biases. reviewing r8gulalory
¢orr8spond8n¢e with the Charity Commission and r&ading mlnutes of meetings of those charged wtth
governance.
Owing lo the Inhe￿nI Ilmitations of an audll. therè is an unavoidable risk that we may not have detected scfne
material misslatem8nts in the financial statements. even though we have properfy planned and performod our
8udtt in accordance with auditing Standards. For example, the furth8r removed non-compliance with laws and
regulations lirregularitiesl is from the events and Irdnsactions reflected in tho finan¢i81 slatements. the less
likely the inherently limitéd procedures required by auditing standards woutd identify it. In addilion, as with any
aud(t, there rèmained a higher risk of non-dele¢tion of irrègularities, as these may involve collusion. forgery.
intentiorbal omissions. misrepresentations, or th8 override of Intemal controL%. We are not responsible for
preventing non-compliance and cannot be expected to detect non-compli8nce with 811 Jaws and Tegulalions.
Uso of our report
This report is made solely to the charitable company's members, as a body, in a¢¢ordance with Chapter 3 of
Part 16 01 the Companies Act 2006. Our audit work has been undertaken so that we might slate to the
charitable company's members those matters we 8re iequired lo stale lo them in an auditor's ￿port and for rK)
olher purpose. To the fullest extenl permitted by law, we do not aGcepl or assume responsibility lo anyone
other than the charitable company and the charitablo company's members as a body and the charitable
company's trustees as a body. for our audtt work. for this reporL or for the opinions we have formed.
Vlcky Szulist
Senior Statutory Audllor
For and on behalf of
Crowe U.K. LLP
ststutory Audltor
The Lexicon
Mount Strèet
Manchester
M2 5NT
19th july 2024
Page 14

MANCHESTER SEThLEMENT
STATEMENT OF FINANCIAL ACTIVITIES
(incorporatlng an income and expenditur8 account)
FOR THE YEAR ENDED 31 MARCH 2024
Unrestricted
nds
Restri¢ted Total funds Totsl funds
fjjnds
2024
2023
)te
Incom• frorn:
Donations and legacies
Charitable actiwties
Other tRding actiiitie$
In￿SIMOnt8
2,316
1,038,522
47,630
12.693
2,316
1,311.807
47.630
12.693
44.373
1,211,145
19,354
2,350
273.285
Tolal
1.101,161
273,285
1.374,446
1,277,222
E%￿ndItUre on:
Charitable actimtiès
1,024,821
245,211
1,270,032
1.156,644
Totsl
1,024.821
245.211
1.270,032
1.156,644
Not ineomln9 resourc•$ before tran*rs
76.340
28.074
104,414
120,578
Gain on IrNestment$
Transfers
10
15
894.534
1894.534)
Net movement in funds
970.874
1866.460
104.414
120.578
R￿0￿C111atic￿ of fvnds-.
Total fLmds brought fr)rwMrd
Total funds earrled forward
15,16
15.16
2,874,390
3,845,264
958,610
92,150
3,833.000
3.937.414
3,712.422
3.833.000
The charity has no re¢¢gnised gains or losses other than the results for the year as above.
The notes on pages 18 to 32 form part of th•so accounts
Page 15

MANCHESTER SEThLEMENT
BALANCE SHEET
Registered company number. 0024167
AS AT 31 MARCH 2024
2024
2023
Note
Flxod as8ets
Tangible assets
In￿tMentS
2.991.345
40,000
2,645.449
40.000
10
3,031,345
2.885,449
Curr•nl as*ts
Debtors
87,035
886,215
973.250
99.176
1,114.939
1.214,115
Cash
Credltors.. amounts f•lllng due wlthln
one year
Net CLtrrenl assets
187,181)
(66.$64}
12
9c6,069
3,937,414
1, 147.551
3.833.000
N•1 asfets
Funds
Restrict
16
92,150
958,610
UnreslriGted'.
Designated funds
Other
15
2.695,783
1,150,081
3,937.414
1,889,733
984,657
3,833,000
The financial ststements have been prepared in accordance with the provisions applicable to ￿MPanieS
subject lo the small companios regime and in accordance with the Provisions of FRS 102.
These financlal statements were approvgd and authorlsgd for issue by the board of Iruslees on the 18th July
2024 and are signed on their behalf by-
Maria L8ster
Th• notes on pag•s 18 to 32 tomi part of t￿$• accounts
Pag6 16

MANCHESTER SEThLEMENT
CASH FLOW STATEMENT
YEAR ENDED 31 MARCH 2024
Cash flow Statom•nt
2024
2023
Cash Inflow$ I loufflow¥l from operating aetlvitit$
Net cash proiqded by operatirvJ actiNitie$
Cash Flows from Investing actlvltles
Bank interest reGel￿d
Purchase of flxgd assets
Net cash appli￿ to In￿tIng actimties
Cash Flows from financing •ctlvltles
Change in cash and cash eqUi￿lent$ In the ygar
C•sh and cash equi￿lent5 at tho beginning of
the year
cash and cash •qulvalent8atth• •nd of the year
17S031
172.121
12.693
416,4481
2.3
121.3861
{4047551
(19,036
{22{724}
153.085
1.114939
961.854
886,215
1.114.939
Statement of Nel D•bts
Amount Brought Fonmard
£1.114.939
C•thflow
ount C•rrled Forward
-£228.724
£886.215
Not Movement In Funds
2024
2023
Net movement in fvnds for the r•portlng porlod las
p•r the Statgm•nt of Financlal Activltles)
Adjustments for.
DePr￿l￿tiL
t8leSt Teceiw
104.414
120,578
70.S52
112.693)
12.141
617
65.262
12.3501
(22.8981
11,529
lkncTea38yDecrease in debtors
re8sellDecreasel in creditors
Ngt ¢4sh provlded by operating actlvitie$
175.031
172.121
Tho notes on pag9$ 18 to 32 form part of th0$0 accounts
Pag¢ 17

MANCHESTER SErrLEMENT
NOTES TO THE ACCOUNTS
YEAR ENDED 31 MARCH 2024
GENERAL INFORMATION
Manch8sler Selllemenl is a private company limited by guaTrnlee and a r8gistered charity. The registered olfice
and principal address is 1328-1330 Ashton Old R¢)ad, Openshaw. Manchester. M11 1JG. The charity is
incorporated in the UK.
ACCOUNTING POLICIES
Basls of accountlng
Thè accounts hav8 been prepared under Compani8s Act 2006, and in accordanrE with the Financial Reporting
Standard 102 {FRS 102} and follow the r8commendotions in 'Accounting and Reporting by Charities.. Stst8menl
of Recommendod Practice" issu&d in 2015 Ir8vised l October 20191. The charity meets the deflnition of 8 public
benofft entty.
Golng Concern
As disclosod in the Chalr's Report on page 2 and the Trustee's Report on page 5. the truslees asses$m8nt of the
tradlng conditions. cash flows and reserves is that with new inflationary pressures. plans are in plac8 to mediate
the Impact, and flèxibiifties exist Ihal wlll enable the management team to reduc8 c051s In a timely way should
trading con¢Jillons require it. and conclude thal the Charlly Ss a going conc8rn. It is therefore fell that there are no
material uncertainties Ihal cast doubt upon the ability of th8 charity lo remain as a going concern for at least next
12 months from the signing of the accounts.
Incomlng rnsources
All income is recognised in th8 Statement of Finan¢i81 Act￿lI1e$ when the conditions for receipt have be¥n mel
and there is reasonable assurance of receipt.
Donatlon6
D¢)n8lions Include amounts racefved under Gift Aid tog8lher with Income Tax recoverable Ihereon.
R•sour¢•s expended
The costs of projects. fund-raising and publicty, and monagement and administration ¢omprise expenditure.
including staff costs. directly attributsble to the activity. Vvhere costs cannol be directly attributed to specific
a¢tivities they have been allocated to core costs which then recharged to each delivery area on the basls of
proportionate use of square footage in the premises.
Ch•rftable expendlture
Includes all expendilure directly related to the oblecls of the tharity {in accordance wth the SORP} and
mprises proSeGt costs. grants and directly attributable support Costs. Governance costs indude those costs
incurred in Ihe govèmance of the charity's assets and are aSSoc￿led wrth conslilulional and statutory
requirements.
Fund accountlng
Unrestricle¢J furKYs ore available for use at the éiscrelion of the directors in furthèrance of the general charitsble
cbjectives.
Restricted funds represent funds re￿ived whose use is subject to restricti)ns imposed by Ihe donor.
Designated funds reprès8nt fvnds earmarked for a particular uso by the trustees.
Page 18

MANCHESTER SEThLEMENT
NOTES TO THE ACCOUNTS
YEAR ENDED 31 MARCH 2024
2. ACCOUNTING POUCIES Icont.)
InY•stment as$•ts
Fixed asset investments comprise a Lowry dr8wng whlch Is included al the trustees. best estimate of market
value, infomed by expert advice.
Deprg¢latlon
Dep18cialion is calculated so as lo write off the cost of an asset. less its estimated residual value. over th8 useful
economic Iwe of that asset as follows..
Fixtures and fittings
Leasehold propgrty
Land and buildings
Refurbishment
25% p.a. straight line
149 years straight line
SO years straight line
15% p.a. straight line
a$s8ts costing more than £500 are capitslised al cost. Assets of a lower cost that are detemiin8d lo have a
useful 8conomic1rf8 of 4+ years may al￿ be capilalised at cost.
Assets obtained during quarter 4 are depreciatell in the following accounting year.
Long leasehold property is assessed 8nnually for indications of imp8imienl and if necessary the carrying vBlue
reduced accordingly.
Dèbtors
Trade debtors are r&¢ognised al the settlement amount after any trade discounts (Jffered. Prepayments a
valued at the amount repaid net of any Irade discounts due.
Cash at bank and In hand
Cash at bank and in hand includes cash 8n(I short lem highly liquié investmpnts with a short maturity of three
months or18ss from the dale of a￿Ul$ll10n or opening of the deposit or similar account.
Credilors
Short tam) crgdilors are measured * the trans8clion price. Other financkgl liabililies, including bank loans. are
moasured inittally at fair value, nel of transaction c08ts, and are measured subsgquenlly at amortised cost using
the eff8clive interest method.
Flnan¢lal In8trum•nts
The company only enters into basic financial Snslrumenls transactions that result in the re¢ognilion of financSal
assets and liabilili8s like trade and other accounts receivable and payable. loans from banks and other third
parties.108ns to related parties and invèstments in non-puttable ordinary shares.
Financial assets that are measured at cost and am(*lised cost are assessed 8t th8 end of each reporting period
for objective evidence of impairmenL If objective evidence of impaimient is found. an impairment loss
recognised in the Slalement of Financial Activrty.
Penslon G05ts
The ch8rlty operates a defined contribution pension scheme for employees. The assets of the sthem8 are hel¢J
separately from those of the charity. The annual contributions payable are charged lo the Statement of Financial
Activities.
Page 19

MANCHESTER SETTLEMENT
NOTES TO THE ACCOUNTS
YEAR ENDED 31 MARCH 2024
2. ACCOUNTING POLICIES (cont.
Termination payments
The charity accounts for tem)ination payments in the accounting period they are announced.
JUDGEMENTS IN APPLYING ACCOUNTING POLICIES AND KEY SOURCES OF UNCERTAINTY
The company makes eslimales and assumptions conceming thè future. The reSU￿{n9 a¢counting estimates will.
by dgfinition. seldom equal the relalèd actual results. The estimates and assumptions that have a signrficanl risk
of causing a materi818djuslment lo the carrying amounts of assets and liabilities within the next financial year are
addwssed below.
11) Useful economlc ￿VeS of tangible assets
The annual depreciation charoe for tangible assets is sensitlve lo changes in the estimated useful economic Ilves
and residual values of the assets. The useful 8conomi¢ lives and residual values are re-assesseij 8nnually. They
are amended when ne¢8ssary lo ref￿¢1 current estimates. based on technological advancement. future
invostmanls, economic ulilisation and th8 physical condition of the assets. See note 10 for the carying amount of
Ihe fixed assets, and accounting policitis for the useful economic Ilves for 8ach ¢lass of assets.
lill Impaimient of debtots
The company mèkes an eslimats of th8 recoverable value of trade and other d&bte￿. Trade dèbts have 1>88n
reviewed by the management tsam and trustees. only Ihoso with a re8llstic chancè of r8covery have remaln8d as
assets.
When assessing impairment of trade and other debtors. management Considers factors including Ihe ¢urrenl
credit rating of the deblor, the ageing profile of debtors and historical experience. Seg note 12 for the nel carrying
amount of the debtors and associated impairmenl provision.
liiil Key sources of estimation uncertainty
Approximately £484.000 of the forecast incomè in 2024125 comes from fees. it indudos £470,000 fees from the
nursery antj childcaTe service. The demand for these seNices is very sensitive lo the ability of parents to pay
nursery fees. Actual fè8 income r￿1Ved in April 2024 has beon in line with the forecast.
Page 20

MANCHESTER SErrLEMENT
NOTES TO THE ACCOUNTS
YEAR ENDED 31 MARCH 2024
DONATIONS AND LEGACIES
2024
23
Re5iduary Legacy
C¥)nations
1,335
42,750
1,623
44,373
CHARITABLE ACTivrriES
Grant5 and
contracts
other
2024
Fees
Young Péople's Housing Project
Community Dthelcpn8nl
Childcare
581.350
263.784
7,949
17,835
32,879
58,663
589,299
281,619
440,889
1.311.807
408,010
408,010
845.134
Grants and
Contracts
otTr
2023
Young Peoplg's H￿sir0 Project
Community DeNplopment
Childcare
Organisational DèKdopment
512,544
155,751
4.167
.250
707 712
10,869
18,396
34,860
523,413
174, 147
478,335
35,250
1.211 145
439,308
OTHER TRADING ACTIVITIES
2024
2023
Room Hire
con9￿tanCY
38.830
8,800
47.630
19.354
Page 21

MANCHESTER SErrLEMENT
NOTES TO THE ACCOUNTS
YEAR ENDED 31 MARCH 2024
RESOURCES EXPENDED
Charltable Activities
P£tivrti95
undertaken
directly
Support
Total 2024
uses
6.319
411.964
218.019
383,502
1.019,804
6,319
524.567
293.087
446.059
1.270.032
Young Peo￿e$ Fknusing Project
Corrmunity D@￿10pn*nt
Childcare
112.603
75.068
62.557
250,228
Supp¢rt Costs
2024
Acti%ity eX￿nSeS
Ulilities
Repairs and maintenance
Rates and fracilities management
Sl811 costs
Dopreciatlon
surance
1,314
26,466
21,439
118,92B
28.444
6,706
705
25.992
900
miscollar￿lIS èxpenses
Office costs
Professional fee8
239.260
G￿rnanCt costs
Auditors. remuneration
10.968
250,228
Page 22

MANCHESTER SErrLEMENT
NOTES TOTHE ACCOUNTS
YEAR ENDED 31 MARCH 2024
Charftable Activities
ivities
undgrtaken
directty
Total 2023
Support
Ftjuses
Young Peoples Fbusing Projecl
CoNmJnity D￿￿p￿nI
ChildGare
6,319
329,042
170.116
407,730
913.207
6.319
109,547 £ 43B.589
36.516 £ 206.632
97 375 £ 505.105
243.437 £ 1,156.644
Support Costs
2023
Actlmty expenses
Ulilities
Repars and malntenance
Rates and fracilltles management
Staff costs
Depreciatlon
Insurance
Miscellan80us expenses
Office costs
Professional foes
1,034
22.302
17.831
4.333
119,377
24.￿8
4.318
762
36.858
233,117
G0￿ManC￿ costs
Auditors. remuneration
10.320
243,437
Page 23

MANCHESTER SErrLEMENT
NOTES TO THE ACCOUNTS
YEAR ENDED 31 MARCH 2024
STAFF COSTS AND NUMBERS
2024
2023
Wages and salarfes
Social sfjcurity cos15
Pensi¢)n costs
691,278
$2.916
30.574
n4.768
672,989
45,663
27,692
748.344
2024
2023
No.
Chlèf Execulikp
cl￿OrdInatC(S
Project worf(ers
Administraliw wrjrkers
27
32
37
42
Total number of staff includes large number of part time workers.
Ono member of staff received ramuneration in excess of £60,00012022123: one).
During the year. no trustees had travel expenses reimbursed12022123= nonel-
No trustee re￿iVed remuneration or benefits in kind during Ihe year.
The key management personnel disclosed on page 1 receNed aggregate remuneration, including employers Nl and
pension costs of £80.03412022123- £74,238).
There were no statutory redund8ncy payments rnade in the year ended 31 March 202412022123: non81.
OPERATING SURPLUS
Operating surplus is slated after ch8rging'.
2024
2023
staff penslon contributi￿$
Depreciation
Auditors. remuneration
30.5T4
70.5$2
27.692
65,262
Pag8 24

MANCHESTER SETTLEMENT
NOTES TO THE ACCOUNTS
YEAR ENDED 31 MARCH 2024
TANGIBLE FIXED ASSETS
Flxtures and L¢ng 1oa8ehold Freehold land
fittlngs
property
and bulldlngs
Refvrbithm•nt
Total
Cost or valuatlon
At 1 April 2023
Additions In the year
At 31 M8rch 2024
166,630
24,367
190,997
2,244,252
207,239
2.451,491
635,457
126,586
762,043
137,898
58,256
196,154
3,184.237
416.448
3.600.685
Depreclation
At 1 April 2023
Charge for th8 y*ar
Al 31 Mar¢h 2024
129.135
19,058
148,193
209.639
16,6L
226,245
113.369
12,709
126.078
86,645
22,179
108,824
538,788
70.552
609.340
Not book valu•
At 31 March 2024
At 31 March 20YJ
42,804
37.495
2,225.246
2.034,613
635,965
522.088
87,330
51,253
2.991.345
2,645,449
The "Deed of Surrender. which transferred the sub lease of parts of the buildlng from the LTE Group back lo
Manchester Settlement was completed on the 271hof April 2023.
10. INVESTMENTS
Movemenl in market value
2024
Markèt Kolu$ at 1 Awl 2023
Market ￿lue at 31 March 2024
Histortcal cost at 31 March 2024
500
The L. S. Lowry drawlng is included in the accounts al £40,000 being the valuation on 4th April 2022. Trustees
consider the value to remain the same as al valuation date. The drawing is held in safekeeping by the Whilworth Art
Gallery. Manchesler, who have provided the valuation of the érawing.
11. DEBTORS
2024
2023
Tiade debtors
Other debtors
38.7Qfj
48,329
58,946
40.230
87.035
99.176
Page 25

MANCHESTER SErrLEMENT
NOTES TO THE ACCOUNTS
YEAR ENDED 31 MARCH 2024
12. CREDITORS: Amounts falling due wlthln one year
2024
2023
Trade creditor3
Taxation and social seeurity
Accruals and deferr8d income
other credlto
13,111
11,814
30,234
11022
10,100
12,873
27,790
15,801
67,481
66.564
13. DEFERRED INCOME
Amount as al 3110312023
Avnount released
Amount deferred In the year
Balance as at 3110312024
6,700
{2001
10,835
10,835
Deferred income consists of funds received for activities lo be undertaken from 1•1 April 2024 such as Volunteering
celebration event and Environmentsl and other developm8ntal proj8cls.
Amount as 813110312022
Amount releasad
Amount deferred In the year
Balance a$ at 3110312023
4,500
11.0001
6.700
6.700
14. FINANCIAL INSTRUMENTS
2024
Financial asset$ that are me8sur8d at amortised cost..
Cash held
Trade debtors
Othgr debt0￿ excluding prepaymènts
886,215
38,706
1.114,939
58,946
1,196
924951
1,175,081
Page 26

MANCHESTER SEThLEMENT
NOTES TO THE ACCOUNTS
YEAR ENDED 31 MARCH 2024
2024
2023
Financial liabillties that aro measured at amortised c¢$1:
Trade creditors
Other creditors
A¢cnJals
13.111
8,$55
6,667
10.100
9.282
10,770
28,333
30,152
15. UNRESTRICTED FUNDS
Balane• at
1 Aprll 2023
Ineomlng
resources resourc•s
Outgolng
Balanc• at 31
March 2024
Transfvrs
Dèslgnated fvnds
Flxed asset ftjnd
Houses
Lease purchgse fvnd
Residu8ry Legacy
1,140,080
259,079
210,000
280,574
1.889,733
(16,607)
{6,319)
1.101,773
2.225,246
252.760
{210,000)
1.335
1.335
{64,732)
{87,658)
217,1TT
2.695.183
891.773
Unro¥trietod fund$
othèr chaiitable funds
984.657
1,099.826
(937. 163)
2.761
1. 150,081
2,874,3
1.101.161
11,024,821)
894,534
3,845,264
The frxed asset fund 15 designato¢J as the total value of the New Roundhouse building. Tho Houses fvnd is designated
as tho vabje of thp funds invested in the five houses owned by the charity lo deliver charitable services.
The lease purchase fijnd was fully utilised in 2023124 for lunding the Deed ol Surrender from LTE (Manchester
College) for previously let areas of the New Roundhouse building.
The Residual Legacy Fur￿ ¢omprises of two lega¢y donations with no restricle(l elements received during 2020121
and 2022123. During FY 2023124 there was £64,732 utilised from Rgsidual Legacy Fund.
Transfern
A transfer has been made of £1,101,772 to refl8Ct the purchase of the lease from LTE group IManch8Ster Collegel for
£207,239 and transfor of restricted New Roundhouse capital project of £894,534 amount roflecting LTE Imarbchester
Collegel part of ownership lo the MS designated fixed asset fund.
Pag8 27

MANCHESTER SETTLEMENT
NOTES TO THE ACCOUNTS
YEAR ENDED 31 MARCH 2024
Balar￿e 811
April 2022
Incoming
rèsources
Outgoing
resources
Transfers
BalanGe at 31
March 2023
Designated fvnds
Fixed asset ￿nd
Houses
Lease purchase knnd
Reslduary Le9aey
1.148,520
265,398
115,062)
{6.319}
6.822
1,140,080
259,079
210,000
280,574
1.889.733
210.000
42,750
252,750
267,635
1,681.553
29.811
{51,192}
6,622
Unrestii¢led fvnds
Other charftable funds
1.060,213
855.554
(931.110)
984.657
2 741 766
2 874,390
Page 28

MANCHESTER SETTLEMENT
NOTES TO THE ACCOUNTS
YEAR ENDED 31 MARCH 2024
16. RESTRICTED FUNDS
Balance at In¢omlng
Outgoln9
1 Aprll 2023 resources r•sourc•s
Trandèrs
Balance at 31
2024
New Rol￿hoUse capital prqect
4CT Limrted
LandAld Charitable Fund
F Be$wiek - Science acti￿t18S
The Big Life- Social Prescribin9
YPAC
Manchester City Council - We Lo
MCR
Young MCR- OCON
Young MCR- C(Mnmunrty Safety Grant
MACC- Hate Crime
MU NHS Foundation TnJst- Htrallh
Creation
FASD
Our Manchester- VCS grant
Our Mancheslgr- VCS fonm
Austln and Hopo Pllklngton Trust
4CT Llmited - YIF
Sported Foundation.. The Black hjentily
Football Fund
Barclays- Sp>￿ng Foundati¢Jn
GMCVO
The National Lottery Communlty Fund:
Cost of LiKing Fund
Manoh8ster City Councll - Warm Hub
Manchester City Council - Community
Art Thèrapy
Manchester City Council - Our MCR
Food Partr)ership
Manchèster Lity Uouncii= Volunteènng
894.534
(894,5341
28,365
128.3651
12,6211
11,3221
13.0001
110.9451
11.5001
16,122
6,793
I3.￿1
5.471
3,000
11,046
1,500
3.319
13.3191
13.000)
3,000
500
500
70,000
137.6011
32.399
4.000
4.000
7,677
3.000
5,000
86,714
3.000
5,000
179.0371
4.1)00
14.0001
2,000
2.000
110
11101
11.2001
1,200
35,790
135.7901
12,5001
2.500
500
(6.983)
1.802
3.135
2,000
15511
1.449
MU NHS Ftwndation Twst - VCSE
influence
MU NHS F¢JJndation TTUSt - Locality
Volunteering
MU NHS Fwndation Trust - Equalit18$
Fund
Community Foundations: Thg Fredmim
Tmst Fund
Ywng MCR- SEND
5.217
16.9671
3,250
4,020
113,4001
958,610
273.285
245.211
894,$34
92.150
Page 29

MANCHESTER SErrLEMENT
NOTES TO THE ACCOUNTS
YEAR ENDED 31 MARCH 2024
The New Roundhouse Capital Project relates to the amounts contributed by Manchester College who have been
granted a long-term lease, which has been purchased through the year by MS.
The Wellbeing and Community (Our MCR, 4CTI projects develop Community activities lo promote communty
engagement in leaming, health and wellbeing.
Fred B8swi¢k - Science ActiVTties fund is a onfroff donation over len years to suprK)rt science related activities wilh
young p8opIe.
Hate crime ￿ a grant from MACC to deliver actlvlts'es that promote hale Crime reportiThJ mechanisms.
FASD is a grant that helps to facAlilat8 ne￿OrkS of families caring for chiklren affècld by Foetsl Alcx)hol Spectrum
Disorder IFASDI.
LandAid Charitable Fund Is a capllal fund for refvrbishm8nl of housing for ywng people.
Barclays - Sporting Foundation Is 8 fund to continue weekly football sessions for young asylum Seeke￿ and refugees
and to help them to aC￿$S coachinglrefereeing courses, buy new equlpmenl etc.
Manchester City Council- Wam Hub is funding lo set up and provido access to pulAic community spaces.
Manchester City Councll- Our MCR Food Partnership Cgpitsl i8 a furKI to refurbish food pantry r¢)om.
MU NHS Foun¢Jation Trust - VCSE influence is 8 fund to contrlbute lo the cost of slrucluring rapresentation of the
Voluntary se¢tor in local decision making.
MU NHS Founijation Trust - Locallty Volunteering is funding to deliver an adh)n reseorch pr￿e¢t investigating what
makes for good local volunleefing.
MU NHS Foundation Trust - Equalities Fund is fundlng to deliver a community health aducation 8nd engagemenl
programme.
Community Foundations -The Fred Mill Trust Fund is lo support general community actNilles.
OCON is funding lo manage a partnership project dgveloping Op8nshaw community
Young Manch&ster
organisations.
The Big Life - Swal Prescribing - used to deliver t8l&phone befriending seNces. YPAC- A partnership grant using
Manchester Clty Council Funds lo daliver Youth and PIBY services.
Manch&ster City Councrl - Community Art Therapy- a grant usèd for a Men's art project. GMCVO- payments for the
delivery of learning sessions around wellbging.
MU NHS Foundation Tiust - Health Creation -
the uptske of winter vaccinations.
Austin and Hope Pilkington Trust- a grdnt to enhance the education we prov#Je to asylum seekers.
a grant to enhance the toolball sessions we provide for
grant for the delwery of a community action leamlng project around
Sported Foundation= The Black Identity Football Fund
asylum 5etk8rs.
The National Lottery Community Fund.. Cost of Living Fund a grant to cover additional costs in delivering services
incuTr8d through the increased costs of living. and to irnprove organisational resilience to future cosl increases.
Young MCR- SEND - a grant to d81iver S￿8¢h and Language focused play sessions for early years children. Young
MCR- Community Saf8ty Grant- a grant for the dolivery of a Knlfe Crime Prevention project in our youth clubs.
Page 30

MANCHESTER SErrLEMENT
NOTES TO THE ACCOUNTS
YEAR ENDED 31 MARCH 2024
Balanc• at Ineomlng
Outgolng
1 Aprll 2022 rosources r•soure•s
Tran*45
Balance at 31
Ma￿h 2023
New Roundhouse capital prolecl
The 42nd Street - Wintèr Discharge
Funds
LandAld Charitable Fund
F Beswick - Science 8GtiMties
901,156
16,6221
894.534
467
{4671
16,761
7,139
(8391
13461
12,5001
110,0001
110,0001
134.2931
16.122
6.793
MFT NHS - Colid Champions Projéet
One MCR - Socld Recowry Fund
MCC- Co)Ad Health Equity Fund
Young MCR- OCON
Manchester Cify Councll - 1st 11X)O
days
MACC- Hale Crime
4CT Limited - Culture Grant
FASD
Our Manchèstèr- VCS grant
EYPP14cf knmitad
4CT Limi18d - YIF
Li¥iro Planet Centre- Mobllising
Community ClimBte
Barclays - Sp)rting Foundation
GMCVO
2,500
10,000
5.000
18,012
5,057
5.000
19,600
3.319
4, 167
19.224}
164
400
4,CA)O
500
7.500
(6641
17,900)
38.333
39,593
4,000
138,333)
139,593)
500
{5001
500
6,710
{3901
16.7101
110
Clty OfS￿l￿ Action - YouThJ MCR
Manchester City Couneil - Warm Hub
Manchester City Coun¢ll - Winter
Vaccination Project
Manchester City Council - Our MCR
Food Partnership
MU NHS Founéation Trust- VGSE
inff ugnce
MU NHS Foundation TNst- Locality
Volunteering
MU NHS Foundation Tw$l- Equalities
Fund
Community Foundations: The Fredmil
Trust Fund
Young MCR- SEND
Powgr to Change
500
15001
4,000
(1.￿)
(2.5001
2,500
2,500
3,135
3.135
1.500
5.500
12831
5.217
9.380
9.380
5.IXIO
5.000
3.lYJO
8,(KO
168,918
3,000
970,656
(174.342)
16,622}
958.610
Page 31

MANCHESTER SETTLEMENT
NOTES TO THE ACCOUNTS
YEAR ENDED 31 MARCH 2024
17. ANALYSIS OF NET ASSETS BY FUND
2024
Unrefjtrlctèd R•strlcted
funds
funds
2023
Re8lri¢ted
fjJnds
T4)tsl funds
2023
Unrestrictad
fijnds
Total fur¥Js
2023
Tawible ffxed
assets
1n￿Stm8ntS
Other ngt 85sots
2,991,345
1,750,915
894.534
2,645.449
2,991,345
40.000
813,919
3.845.264
40,000
906,069
3.937.414
40,0
1,083.475
2,874,3
40.000
1, 147.551
3,833,000
92,150
92,150
64.076
958.610
18. CAPITAL COMMITMENT
Manchester Settlement has entered into a contract with Carey Electrical Engineering for capital goods and services. Al
the year*nd MS has unpaid invoice for full cost of £6,311 foT electrical modificalK)n of rooms, which would be
comFAeted over May- July period.
19. OPERATING LEASE COMMITMENTS
The charity had total commltrnents under operalinglgases expmng as folbws..
Equipm•nt
Pmp•rty
2024
2023
2024
2023
<1year
24 years
> 5 yeols
2.657
3.319
2.706
5.976
40,248
89,049
16.759
67,037
13,966
97,762
5.976
8.682
129,297
20. COMPANY UMITED BY GUARANTEE
Under paragraph 8 of lh8 Settlement Memorandum. every member undertakes to contribute lo the assets of the
Settlement in the event of being wound up while he or she is a member, or within one year after he or she G9asgs to
be a member. for payment of the debts and liabilities of the Settlement contractad before he or she ceases to be a
rnember, and of the costs, charges and expenses of winding up and for the adjustment of the Tights of the
contributions among th8mselve5. such amounts as rnay be required. r￿1 exceeding £1 per member.
21. RELATED PARTY TRANSACTIONS
There are no enlilies with significant conlroVint&rest OV8r the charity. There were related party IransactKJns with a sole
trader (IA services), a close family member of a SMT rnember. All transactions were on normal commercial lemis,
totaling to £2.111 in FY 2023124 IFY 2022123.. £2,048), wllhout an oulslanding balance al the year end.
Page 32