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2025-03-31-accounts

Company Registration Number 00241676 Charity Number 228577

MANCHESTER SETTLEMENT

A COMPANY LIMITED BY GUARANTEE

ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

MANCHESTER SETTLEMENT

ACCOUNTS

YEAR ENDED 31 MARCH 2025

CONTENTS PAGE
Members of the Board and Professional Advisers 1
Trustees’ Report 2
Independent Auditors' Report to the Members 12
Statement of Financial Activities 15
Balance Sheet 16
Cash Flow Statement 17
Notes to the Accounts 18

MANCHESTER SETTLEMENT

MEMBERS OF THE BOARD AND PROFESSIONAL ADVISERS

BOARD OF TRUSTEES

Role
Date of in year
appointment
David Black
Treasurer
Maria Lester
Chair
Marcellina Stengert
Philip Lukes
Kelly Morgan
Martin Sutton
Sarah Fayette
19/03/2025
Angela Beacon
Najib Abdullahi
01/06/2024
COMPANY SECRETARY
Adrian Ball
SENIOR MANAGEMENT TEAM
Role
Adrian Ball
Chief
Executive
REGISTERED OFFICE AND
PRINCIPAL ADDRESS
New Roundhouse
1328 – 1330 Ashton Old Road
Openshaw
Manchester
M11 1JG
AUDITORS
Crowe U.K. LLP
Chartered Accountants & Registered Auditors
3rdFloor
St George’s House
56 Peter Street
Manchester
M2 3NQ
BANKERS
The Co-operative Bank PLC
PO Box 101
1 Balloon Street
Manchester
M60 4EP
SOLICITORS
HLF Berry
446 Barlow Moor Road
Chorlton
Manchester
M21 0BQ		 Role Date of in year
appointment		 Date of in year
resignation
David Black Treasurer
Maria Lester Chair
Marcellina Stengert
Philip Lukes
Kelly Morgan
Martin Sutton
Sarah Fayette 19/03/2025
Angela Beacon 05/07/2024
Najib Abdullahi 01/06/2024 14/11/2024

Page 1

MANCHESTER SETTLEMENT

TRUSTEES’ REPORT

YEAR ENDED 31 MARCH 2025

Chair’s Report

I would like to begin my report by thanking the Trustees, Chief Executive, staff and volunteers that have contributed to the charity during the year. The charity has continued to grow its impact through the extension of services and the development of new services that positively impact upon the wide range of inequalities that the residents of North Manchester face daily.

The trustees are very proud of the staff and volunteers that are driven to reduce these inequalities and improve the life chances of local people.

Our Nursery started 2024 wrestling with new funding schemes that brought new opportunities but also new uncertainties. When combined with the re-opening of the baby room the trustees and management team were mindful of careful monitoring and management of costs. The implementation of a new management information system and a renewed push on marketing the service resulted in significant increases in enrolments in Quarter 3 and 4 which have led to a very positive financial outcome. The self-assessment of the nursery management team now puts the nursery as Outstanding, compared to Good at the time of the inspection this time last year.

The Housing Services continue to deliver very highly regarded services for Unaccompanied Asylum-Seeking Young People. We receive continual feedback that our work is of the highest quality and impact. The year saw us grow provision by ten bed spaces. This expansion is partly through the outright purchase of a further twobedroom house, but also two, three-bedroom houses that we have rented. This mixed model of owned and rented enables us to maintain flexibility but also profitability.

September saw the grand opening of our new Family Hub space. Co funded by Manchester City Council, a complete floor of our main building was refurbished to become a new Family Hub, connected to the other council Family Hubs across the city. The facility has quickly become a very important resource for local families, and the agencies that support them.

Our Community Services have been enhanced through our new Cost of Living Project. The project is generating good outcome data with regard to the improving ability of community members to manage their own finances. The project is helping us to model how we might improve impact tracking across our community projects.

The trustees would like to acknowledge the significant support received through a corporate volunteering programme with Fujitsu in the delivery of this work. Unfortunately, our Telephone Befriending Service had to close as no further funds were obtained to sustain the service, and regretfully our Project Coordinator was made redundant.

Our Youth Clubs have seen very high numbers of children attending regularly, far exceeding the targets set by our funders and our After School Club secured a grant to enable the employment of another staff member to grow numbers of children accessing the services.

In my report last year, I wrote of the potential interest from Health Commissioners in investing in the Health Creation model of community-based health development that we had piloted previously. Marginal increases in investment were seen during the accounting year, but most significantly we successfully secured an investment of circa £450k for a 2-year expansion programme beginning in April 2025.

Our Chief Executive – Adrian Ball began a secondment for 1 day per week to work as the lead officer for a similar but smaller organisation in Levenshulme, South Manchester. This work brings valuable unrestricted funds, but also serves our charitable objectives, and strategic ambitions to spread our impact.

Corporate Challenges

Strong management of costs, new and improved grants/contracts during the year, plus strong performance with our room rentals meant that the budget position was improved upon considerably throughout the year.

Page 2

MANCHESTER SETTLEMENT

TRUSTEES’ REPORT

YEAR ENDED 31 MARCH 2025

The changed nursery funding model presented initial challenges, but improved processes and marketing addressed these challenges resulting in a high performing year.

The trustees would like to thank all the funders that have made our significant achievements possible. Major funders have included:

Our work would not be possible without the commitment of our passionate volunteers and staff who are driven to improve the lives of young people. The board would additionally wish to pass on their thanks to them all.

Review of Charity’s Position

Our financial position at the end of the reporting period is healthy. Our free reserves (unrestricted funds that are not used to fund property) provide for around five months of operating costs (see page 10)

Plans for the next 12 months

The charity will continue to implement internal and external plans that enable us to deliver on our newly considered purpose statement - STRONGER COMMUNITIES TOGETHER.

Service areas and their priorities

Young Peoples Services (Including Supported Housing)

Child and Family Services

Community, Health and Wellbeing

Charity Leadership and Management

Page 3

MANCHESTER SETTLEMENT

TRUSTEES’ REPORT

YEAR ENDED 31 MARCH 2025

Post Year End Significant Events

The trustees agreed to pay off the original loan of £112,500 we have with the Social Investment Business, Outstanding loan was £76,794 and payment took place on the 13[th of] June 2025.

Signature

Maria Lester - Chair

Date: 17[th] July 2025

Page 4

MANCHESTER SETTLEMENT

TRUSTEES’ REPORT

YEAR ENDED 31 MARCH 2025

INTRODUCTION

The trustees are pleased to present their annual Trustees’ report together with the financial statements of the charity for the year ended 31 March 2025 which are also prepared to meet 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 Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 October 2019).

The directors of the charitable company (the charity) are its trustees for the purpose of charity law.

The trustees and officers serving during the year and since the year end are as per page 1.

STRUCTURE GOVERNANCE AND MANAGEMENT

Legal status

Manchester Settlement is a private company limited by guarantee (registration number 00241676) and is a registered charity (registration number 228577). It is governed by its Memorandum and Articles of Association dated 12 August 1929 as amended 16 January 1997, 28 November 2013 and 19 September 2017.

Governance

The charity has a board of trustees that oversees the running of the organisation. The board of trustees are elected at the Annual General Meeting. Each year, they also elect three honorary officers from their own number: a Chairperson, Vice-Chairperson, and Treasurer. They also elect a Company 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 time to time. Trustees must resign at the Annual General Meeting if they have been on the board for three years but may stand again for re-election. Trustees are recruited and elected if a particular skill or experience is identified. The board of trustees may co-opt advisors to the board as and when particular skills are required.

Charity Governance Code

The Trustees are making progress towards full compliance with the Charity Governance Code, an updated version of which was published in December 2020, and are guided by its principles and recommended practice for good governance. The trustees have considered and are mindful of the risks of not having restrictions to the length of term of office of trustees, but have at this time deemed that the risk of requiring experienced trustees to leave is too great to implement this change.

Inducting Trustees

All new trustees are interviewed prior to appointment by the Chair and CEO before being considered for appointment by the trustees. Upon appointment they are required to undergo DBS 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 service users. They are inducted into the role of a trustee based upon the Charity Commission guidance.

Decision Making

The trustees have agreed a scheme of delegation which specifies the decisions, limits and tolerances that are available to the CEO and to other staff. The trustees agree the charity’s strategy and budget plus a limited

Page 5

MANCHESTER SETTLEMENT

TRUSTEES’ REPORT

YEAR ENDED 31 MARCH 2025

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 staff and agreeing contracts.

OUR PURPOSE

CREATING STRONGER COMMUNIITES TOGETHER

Our strategic framework continues to direct our decision making and our practice across all parts of the charity

Public Benefit

In shaping our objectives for the year and planning our activities, the trustees have considered the Charity Commission’s guidance on public benefit, including the guidance ‘public benefit: running a charity’.

The original objects of Manchester University Settlement (old name for Manchester Settlement) defined in the Memorandum and Articles of Association registered in 1929 are: To promote the social welfare of the poorer residents in the City of Manchester and neighbourhood. The beneficial area is the City of Manchester and District.

In 2013 Manchester Settlement adopted a new set of Memorandum and Articles which elaborated on this slightly saying: To promote the advancement of education, the furtherance of health and all other measures for the social welfare of the poorer residents in the City of Manchester and neighbouring districts. The trustees believe these original objects to still be relevant and applicable.

The Trustees' report sets out the activities and achievements of the charity during the year ended 31 March 2025. 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 to be centred around 6 cross cutting outcomes.

Page 6

MANCHESTER SETTLEMENT

TRUSTEES’ REPORT

YEAR ENDED 31 MARCH 2025

All this work has benefited both the direct beneficiaries themselves and their communities throughout the City of Manchester. All the beneficiaries could be described within the terms of the original 1929 Memorandum and Articles of Association as "the poorer residents of the City of Manchester and neighbourhood" and no individual has been excluded on the basis of their inability to pay or by geographical or inappropriate restrictions. The availability of places is limited only by numbers and criteria of need. In most cases there is no charge to the beneficiary because payment is received on their behalf from the public purse.

Achievements Supporting Our Cross Cutting Outcomes

Learning and Growth •
Arts and crafts groups
•
ESOL classes
•
Conversation clubs
•
Well Women peer support groups
•
Stay and play childcare sessions
•
Nursery education and care to 4 years
•
After school club daily sessions
•
PSHE for asylum seeking young
people
•
Readiness for adulthood assessments
for asylum seeking young people
•
Long term impact focussed cost of
living advice and support programmes
•
Education advocacy for young people
•
School holiday healthy eating clubs
•
Youth led culture within all our youth
provision		 Inclusio •
Free or lowest possible cost activity
•
Welcoming, friendly, caring spaces
•
Renowned
provision
for
SEN
children
•
Beneficiaries have 30+ nationalities
•
Targeting
activity
at
excluded
individuals
•
Telephone befriending for isolated
individuals
•
Ensuring suitable access to those
with learning and other disabilities
•
Engaging people with mental health
issues
•
Advocating for vulnerable young
people
•
Celebrating different cultures and
religions
n
Economic Welfare •
Food pantry project
•
Cost of Living Support Service
•
Be Well advice and support
•
Signposting and information service
•
Citizens advice sessions
•
Free Community Café
•
Free stay and play sessions
•
Striving to be lowest cost childcare
provider in the area
•
Supporting benefits applications
•
Free youth activities and trips
•
Free food and drinks provided daily
•
Free holiday activities and a hot meal
•
Budgeting skills for school aged
through to adults		 Relat •
New friendships created daily
•
Parents
groups
create
lasting
support groups
•
Parents WhatsApp group / notice
board
•
We constantly strive to bring isolated
people
into
positive
group
environments
•
Our supported housing work is
based upon creating social networks
•
We
are
a
trusted
source
of
information on local agencies
•
Whole
youth
offer
creating
a
community for the young people
ion
sh
ips and Connections
Wellbeing •
Wellbeing Wednesdays
•
Thursday community drop in
•
Signposting to specialist advice
•
Covid Health Equity work
•
Tai Chi / senior exercise / massage
•
Senior Catch Up groups
•
Buggy walks
•
Early help / family support approach
ensures good referral to other support
•
PHSE programme for asylum seekers
•
Links with external support agencies
e.g., CAMHs, 42ndStreet, Eclypse		 Co •
Objectives in place to secure funds
to pass on to community groups
•
Free space provided for community
groups to grow their projects
•
40+
volunteers
per
year
are
supported
•
Volunteer project ideas are invested
in
•
Community
members
have
a
continual voice in our strategy and
how we deliver
•
Led
on
a
cross
Manchester
Community Power Forum Project
m
mu
nity Power

Page 7

MANCHESTER SETTLEMENT

TRUSTEES’ REPORT

YEAR ENDED 31 MARCH 2025

CONTEXT

Manchester Settlement has been providing an evolving mix of services to the residents of North Manchester for 130 years with the objective of enhancing the lives of community members through projects to improve health, education and community development. The objectives for this work were relevant 125 years ago and continue to be relevant in 2025.

Manchester Settlement is pleased to be a very values partner within the Our Manchester Strategy 2025 - 2035. We will be reviewing and aligning our priorities with this new plan during 2025/26.

Manchester as a city will focus on 12 things for the next ten years. Strategic priorities are grouped into three themes. Manchester Settlement can make a significant contribution to all of these priorities, sometimes at a local level, and sometimes city wide.

Our people: Everyone who calls Manchester home, making sure that they can live their best lives.

Our neighbourhoods: The places we live, making sure they’re places to be proud of.

Our city: The things that will secure our future – making us one of the best places in the world.

FINANCIAL REVIEW

The charity ended the financial year in a very positive financial position. The availability of grants to support our long-term charitable work and the business support grants available to us ensured that we were able to not rely upon subsidising service delivery from other charitable funds. The previous and this years’ legacy fund has allowed for the selected support of charity funded projects that would have had to cease otherwise.

Our principal sources of funding during the year continued to be unrestricted fee funding from the sales of childcare places and rental income from our houses plus restricted grant funding for service development or delivery projects; these are all recorded as income from charitable activities – 98.31% of the total income of the charity (2024: 98.91%). The other 1.69% is derived from voluntary donations and investment income. The proportion of income from charitable activities in the year 2024 is higher due to increased activities during the year. Overall, our income increased by 27.72% compared to the previous year (2024 saw an increase of 7.61%).

Our risk management plan focusses the attention of trustees and managers upon areas of financial volatility on a monthly basis. Our budget for 2025/26 predicts a surplus of £46K which has been agreed by the board. The budget utilises £49k of designated funds funded through the remaining £217k legacy fund received in the previous years. The board have allocated this designated fund to mainly capital projects and developments that have a significant impact upon our beneficiaries.

Page 8

MANCHESTER SETTLEMENT

TRUSTEES’ REPORT

YEAR ENDED 31 MARCH 2025

In 2024/25 restricted funds raised for projects support totalled £335,865 with associated expenditure of £311,475. In the previous year restricted funds raised were £273,285 with expenditure of £245,211. Any restricted funds unspent are carried forward for use in following years where permitted.

Going Concern

The trustee risk assessment of the trading conditions, cash flows and reserves is that grant and contract funded activity will continue to grow and to meet the necessary internal contribution charges. The high level of reserves enables the charity to designate funds to projects that further charitable objectives. The trustees conclude that the charity is a going concern and that there are no material uncertainties that cast doubt upon the ability of the charity to remain as a going concern for at least the next 12 months from the signing of the accounts.

Investment Powers and Policy

The trustees, having regard to the liquidity requirements of operating the charity operate a number of instant access current and deposit accounts attracting low levels of interest with high street banks. Balances are monitored to maximise protection from bank failures. The Flagstone account management platform has been adopted to simplify the management of multiple accounts.

Risk Management

The trustees have approved a revised system of risk management that gives additional weight to the potential impact of individual risks. The system has allowed for a greater focus upon the most important risks, and clearer action planning for staff and the board. The new Risk Register has also allowed for a greater focus upon the risk of fraud, in line with the current risks particularly with reference to fraud arising from online activity

This work has identified that the key risks for the charity and the key actions are:

Risk Actions to reduce risk
CEO leaves post or is incapacitated Ongoing development of systems and processes
that are less reliant on CEO. Increasing core
staffing /Operations manager role
Treasurer leaves post or is incapacitated Ongoing recruitment of trustees
No restriction on trustee number of terms leads
to a lack of rigour in governance		 Risk has been accepted as manageable by the
trustees at this time
Injury or death of resident due to insufficiently
managed health and safety of homes		 Increased hours for Housing Premises officer and
enhanced training
Do not secure renewal of housing contract post
Jun 26		 Weekly management meetings and improved
performance
auditing
are
ensure
service
development

Page 9

MANCHESTER SETTLEMENT

TRUSTEES’ REPORT

YEAR ENDED 31 MARCH 2025

Reserves Policy

The trustees operate a risk-based approach to identifying an ideal level of reserves that will give our partners and stakeholders confidence that the organisation is robust, whilst demonstrating we maximise the impact of our funds upon beneficiaries. The nature and variability of our contracts and income along with our contractual commitments impact upon our risk analysis. The risk analysis has identified that an absolute minimum of three months of operating 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-quality redesign or transfer of assets and activities for the benefit of our beneficiaries.

For 2025/26 our minimum level of reserves is required to be £508,200 with a target level of reserves of £1,016,400. Of the unrestricted fund of £1,536,360 (note 15) £500,241 has been utilised to fund the freehold houses (2024: £383,205), £90,321 fixtures and fittings (2024: £42,804) and £81,117 to fund refurbishment (2024: £87,330). As at 31[st] March 2025 there were £864,681 of free reserves (2024: £636,742) which is within the target range for free reserves. The management team will closely monitor income and expenditure during the forthcoming year and depending upon financial performance will seek to invest any surplus reserve to secure long term public benefit.

Pay policy for senior staff

Directors are not paid but may claim expenses incurred. The salary scale of the Chief Executive is approved by the full board of trustees following an analysis of comparative organisations and a performance review.

Fundraising

The charity had no fundraising activities requiring disclosure under S162A of the Charities Act 2011.

Trustees’ responsibilities in relation to the financial statements

The charity trustees (who are also the directors of the Manchester Settlement for the purposes of company law) are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing the financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Page 10

MANCHESTER SETTLEMENT

TRUSTEES’ REPORT

YEAR ENDED 31 MARCH 2025

Statement as to disclosure to our auditors

In so far as the trustees are aware at the time of approving our trustees’ annual report there is no relevant information, being information needed by the auditor in connection with preparing their report, of which the charity’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 taken all steps that he/she is obliged to take as a director in order to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information.

The Trustees have taken advantage of the small companies’ exemptions provided in section 415A of the Companies Act 2006.

By order of the board of trustees

Maria Lester - Chair

17[th] July 2025

Page 11

MANCHESTER SETTLEMENT

INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS

YEAR ENDED 31 MARCH 2025

Independent Auditor’s Report to the Members of Manchester Settlement

Opinion

We have audited the financial statements of Manchester Settlement (the charitable company’) for the year ended 31 March 2025 which comprise Statement of Financial Activities, Balance Sheet, Statement of Cash Flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustee's use of the 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 uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information contained within the annual report. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report on in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion based on the work undertaken in the course of our audit

Page 12

MANCHESTER SETTLEMENT

INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS

YEAR ENDED 31 MARCH 2025

Matters on which we are required to report by exception

In light of the knowledge and understanding of the charitable company and their environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report included within the trustees’ report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement set out on page 11 the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Details of the extent to which the audit was considered capable of detecting irregularities, including fraud and non-compliance with laws and regulations are set out 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.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Extent to which the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We identified and assessed the risks of material misstatement of the financial statements from irregularities, whether due to fraud or error, and discussed these between our audit team members. We then designed and performed audit procedures responsive to those risks, including obtaining audit evidence sufficient and appropriate to provide a basis for our opinion.

Page 13

MANCHESTER SETTLEMENT

INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS

YEAR ENDED 31 MARCH 2025

We obtained an understanding of the legal and regulatory frameworks within which the charitable company operates, focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements. The laws and regulations we considered in this context were the Companies Act 2006, the Charities Act 2011, together with the Charities SORP (FRS 102). We assessed the required compliance with these laws and regulations as part of our audit procedures on the related financial statement items.

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which might be fundamental to the charitable company’s ability to operate or to avoid a material penalty. We also considered the opportunities and incentives that may exist within the charitable company for fraud. The laws and regulations we considered in this context for the UK operations were employment legislation, taxation legislation and health and safety legislation.

Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the Trustees and other management and inspection of regulatory and legal correspondence, if any.

We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, to be within the timing and completeness of recognition of grant income and the override of controls by management. Our audit procedures to respond to these risks included enquiries of management, sample testing grant agreements from source agreement to posting in the nominal ledger, including local authority funding claims, sample testing on the posting of journals, reviewing accounting estimates for biases, reviewing regulatory correspondence with the Charity Commission and reading minutes of meetings of those charged with governance.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body and the charitable company’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Vicky Szulist Senior Statutory Auditor For and on behalf of Crowe U.K. LLP St Georges House 56 Peter Street Manchester M2 3NQ

15th September 2025 17[th] July 2025

Page 14

MANCHESTER SETTLEMENT

STATEMENT OF FINANCIAL ACTIVITIES (incorporating an income and expenditure account)

FOR THE YEAR ENDED 31 MARCH 2025

Note
Income from:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments
Total
Expenditure on:
Charitable activities
6
Total
Net incoming resources before transfers
Net movement in funds
Reconciliation of funds:
Total funds brought forward
15,16
Total funds carried forward
15,16		 Total funds
Total funds
2025
2024
£
£
£
£
1,184
-
1,184
2,316
1,337,784
335,865
1,673,649
1,311,807
52,110
-
52,110
47,630
28,477
-
28,477
12,693
Unrestricted
funds
Restricted
funds
1,419,555
335,865
1,755,420
1,374,446
1,220,393
311,475
1,531,868
1,270,032
1,220,393
311,475
1,531,868
1,270,032
199,162
24,390
223,552
104,414
199,162
24,390
223,552
104,414
3,845,264
92,150
3,937,414
3,833,000
4,044,426
116,540
4,160,966
3,937,414

The charity has no recognised gains or losses other than the results for the year as above.

The notes on pages 18 to 32 form part of these accounts

Page 15

MANCHESTER SETTLEMENT

BALANCE SHEET Registered company number: 0024167

AS AT 31 MARCH 2025

Note
Fixed assets
Tangible assets
9
Investments
10
Current assets
Debtors
11
Cash
one year
12
Net current assets
than one year
13
Net assets
Funds
Restricted
16
Unrestricted:
15
Designated funds
Other
Creditors: amounts falling due after more
Creditors: amounts falling due within		 £
£
£
£
3,126,760
2,991,345
40,000
40,000
3,166,760
3,031,345
199,013
87,035
949,345
886,215
1,148,358
973,250
1,042,814
906,069
(48,608)
-
4,160,966
3,937,414
116,540
92,150
2,508,066
2,695,183
1,536,360
1,150,081
4,160,966
3,937,414
2024
2025
(105,544)
(67,181)		 £
£
£
£
3,126,760
2,991,345
40,000
40,000
3,166,760
3,031,345
199,013
87,035
949,345
886,215
1,148,358
973,250
1,042,814
906,069
(48,608)
-
4,160,966
3,937,414
116,540
92,150
2,508,066
2,695,183
1,536,360
1,150,081
4,160,966
3,937,414
2024
2025
(105,544)
(67,181)
3,937,414
92,150
2,695,183
1,150,081
3,937,414

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102.

These financial statements were approved and authorised for issue by the board of trustees on the 17[th] July 2025 and are signed on their behalf by:

Maria Lester

The notes on pages 18 to 32 form part of these accounts

Page 16

MANCHESTER SETTLEMENT

CASH FLOW STATEMENT

YEAR ENDED 31 MARCH 2025

Cash flow Statement

Cash flow Statement
Cash inflows / (outflows) from operating activities
Net cash provided by operating activities
Cash Flows from investing activities
Bank interest received
Purchase of fixed assets
Net cash applied to investing activities
Cash Flows from financing activities
Loan repayment
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Statement of Net Funds
Amount Brought
Forward
£
Cash
886,215
Loan
(114,750)
771,465
Net Movement in Funds
Adjustments for:
Depreciation
Interest received
(Increase)/Decrease in debtors
Increase/(Decrease) in creditors
Net cash provided by operating activities
Net movement in funds for the reporting period (as
per the Statement of Financial Activities)		 £
£
£
£
298,595
175,031
28,477
12,693
(235,471)
(416,448)
(206,994)
(403,755)
(28,471)
-
63,130
(228,724)
886,215
1,114,939
949,345
886,215
2025
2024
Cashflow
Amount Carried
Forward
£
£
63,130
949,345
28,471
(86,279)
91,601
863,066
2025
2024
£
£
100,056
70,552
(28,477)
(12,693)
(111,978)
12,141
115,442
617
298,595
175,031
104,414
223,552
2025
£
100,056
(28,477)
(111,978)
115,442
298,595
223,552

The notes on pages 18 to 32 form part of these accounts

Page 17

MANCHESTER SETTLEMENT

NOTES TO THE ACCOUNTS

YEAR ENDED 31 MARCH 2025

1. GENERAL INFORMATION

Manchester Settlement is a private company limited by guarantee and a registered charity. The registered office and principal address is 1328-1330 Ashton Old Road, Openshaw, Manchester, M11 1JG. The charity is incorporated in the UK.

2. ACCOUNTING POLICIES

Basis of accounting

The accounts have been prepared under Companies Act 2006, and in accordance with the Financial Reporting Standard 102 (FRS 102) and follow the recommendations in “Accounting and Reporting by Charities: Statement of Recommended Practice” issued in 2015 (revised 1 October 2019). The charity meets the definition of a public benefit entity.

Going concern

As disclosed in the Chair’s Report on page 2 and the Trustee’s Report on page 9, the trustees assessment of the trading conditions, cash flows and reserves is that there are no material uncertainties that cast doubt upon the ability of the charity to remain as a going concern for at least the next 12 months from the signing of the accounts.

Incoming resources

All income is recognised in the Statement of Financial Activities when the conditions for receipt have been met and there is reasonable assurance of receipt.

Donations

Donations include amounts received under Gift Aid together with Income Tax recoverable thereon.

Resources expended

The costs of projects, fund-raising and publicity, and management and administration comprise expenditure, including staff costs, directly attributable to the activity. Where costs cannot be directly attributed to specific activities they have been allocated to core costs which are then recharged to each delivery area on the basis of proportionate use of square footage in the premises.

Charitable expenditure

Includes all expenditure directly related to the objects of the charity (in accordance with the SORP) and comprises project costs, grants and directly attributable support costs. Governance costs include those costs incurred in the governance of the charity’s assets and are associated with constitutional and statutory requirements.

Fund accounting

Unrestricted funds are available for use at the discretion of the directors in furtherance of the general charitable objectives.

Restricted funds represent funds received whose use is subject to restrictions imposed by the donor.

Designated funds represent funds earmarked for a particular use by the trustees.

Page 18

MANCHESTER SETTLEMENT

NOTES TO THE ACCOUNTS

YEAR ENDED 31 MARCH 2025

2. ACCOUNTING POLICIES (cont.)

Investment assets

Fixed asset investments comprise a Lowry drawing which is included at the trustees’ best estimate of market value, informed by expert advice.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixtures and fittings - 25% p.a. straight line Leasehold property - 149 years straight line Land and buildings - 50 years straight line Refurbishment - 15% p.a. straight line

All assets costing more than £500 are capitalised at cost. Assets of a lower cost that are determined to have a useful economic life of 4+ years may also be capitalised at cost.

Assets obtained during quarter 4 are depreciated in the following accounting year.

Long leasehold property is assessed annually for indications of impairment and if necessary the carrying value is reduced accordingly.

Debtors

Trade debtors are recognised at the settlement amount after any trade discounts offered. Prepayments are valued at the amount repaid net of any trade discounts due.

Cash at bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Financial Instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable 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 impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Financial Activity.

Pension costs

The charity operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the charity. The annual contributions payable are charged to the Statement of Financial Activities.

Page 19

MANCHESTER SETTLEMENT

NOTES TO THE ACCOUNTS

YEAR ENDED 31 MARCH 2025

2. ACCOUNTING POLICIES (cont.)

Termination payments

The charity accounts for termination payments in the accounting period they are announced.

JUDGEMENTS IN APPLYING ACCOUNTING POLICIES AND KEY SOURCES OF UNCERTAINTY

The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below.

(i) Useful economic lives of tangible assets

The annual depreciation charge for tangible assets is sensitive to 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 are amended when necessary to reflect current estimates, based on technological advancement, future investments, 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 economic lives for each class of assets.

(ii) Impairment of debtors

The company makes an estimate of the recoverable value of trade and other debtors. Trade debts have been reviewed by the management team and trustees, only those with a realistic chance of recovery have remained as assets.

When assessing impairment of trade and other debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience. See note 12 for the net carrying amount of the debtors and associated impairment provision.

(iii) Key sources of estimation uncertainty

Approximately £541,000 of the forecast income in 2025/26 comes from fees, it includes £527,000 fees from the nursery and childcare service. The demand for these services is very sensitive to the ability of parents to pay nursery fees. The actual fee income received in April 2025 has been in line with the forecast.

Page 20

MANCHESTER SETTLEMENT

NOTES TO THE ACCOUNTS

YEAR ENDED 31 MARCH 2025

3. DONATIONS AND LEGACIES

----- Start of picture text -----
2025 2024
£ £
Residuary Legacy - 1,335
Donations 1,184 981
1,184 2,316
4. CHARITABLE ACTIVITIES
Grants and contracts Fees Other 2025
£ £ £ £
-
Young People's Housing Project 784,614 19,097 803,711
-
Community Development 321,865 17,978 339,843
Childcare 14,000 474,012 42,083 530,095
1,120,479 474,012 79,158 1,673,649
Grants and contracts Fees Other 2024
£ £ £ £
Young People's Housing Project 581,350 - 7,949 589,299
-
Community Development 263,784 17,835 281,619
-
Childcare 408,010 32,879 440,889
845,134 408,010 58,663 1,311,807
----- End of picture text -----

4. CHARITABLE ACTIVITIES

5. OTHER TRADING ACTIVITIES

Room Hire
Consultancy		 2025
2024
£
£
39,040
38,830
13,070
8,800
52,110
47,630

Page 21

MANCHESTER SETTLEMENT

NOTES TO THE ACCOUNTS

YEAR ENDED 31 MARCH 2025

6. RESOURCES EXPENDED

Charitable Activities

Activities
undertaken		 Support Total 2025
directly costs
£ £ £
Houses 6,319 - 6,319
Young Peoples Housing Project 569,048 144,299 713,347
Community Development 240,674 96,200 336,874
Childcare 395,162
1,211,203		 80,166
320,665		 475,328
1,531,868

Support Costs

Activity expenses
Utilities
Repairs and maintenance
Rates and facilities management
Staff costs
Depreciation
Insurance
Miscellaneous expenses
Office costs
Professional fees
Governance costs
Auditors' remuneration		 2025
£
2,185
26,105
23,336
8,207
139,649
46,815
10,846
1,089
45,195
3,738
307,165
13,500
320,665

Page 22

MANCHESTER SETTLEMENT

NOTES TO THE ACCOUNTS

YEAR ENDED 31 MARCH 2025

Charitable Activities

Activities
undertaken
Support
directly
costs
£
£
Houses
6,319
-
Young Peoples Housing Project
411,964
112,603
Community Development
218,019
75,068
Childcare
383,502
62,557
1,019,804
250,228
Support Costs
Activity expenses
Utilities
Repairs and maintenance
Rates and facilities management
Staff costs
Depreciation
Insurance
Miscellaneous expenses
Office costs
Professional fees
Governance costs
Auditors' remuneration
Total 2024
£
6,319

524,567

293,087

446,059

1,270,032
2024
£
1,314
26,466
21,439
8,366
118,928
28,444
6,706
705
25,992
900
239,260
10,968
250,228

Support Costs

Page 23

MANCHESTER SETTLEMENT

NOTES TO THE ACCOUNTS

YEAR ENDED 31 MARCH 2025

7. STAFF COSTS AND NUMBERS

Wages and salaries
Social security costs
Pension costs
Chief Executive
Co-ordinators
Project workers
Administrative workers		 2025
2024
£
£
767,639
691,278
62,915
52,916
36,578
30,574
867,132
774,768
2025
2024
No.
No.
1
1
6
5
26
27
4
4
37
37

Total number of staff includes large number of part time workers.

One member of staff received remuneration in excess of £60,000, more than £80,000 but less than £90,000 (2023/24: one).

During the year, no trustees had travel expenses reimbursed (2023/24: none).

No trustee received remuneration or benefits in kind during the year.

The key management personnel disclosed on page 1 received aggregate remuneration, including employers NI and pension costs of £85,445 (2023/24: £80,034).

There were no statutory redundancy payments made in the year ended 31 March 2025 (2023/24: none).

8. OPERATING SURPLUS

Operating surplus is stated after charging:

2025 2024
£ £
Staff pension contributions 36,578 30,574
Depreciation 100,056 70,552
Auditors' remuneration 13,500 10,968

Page 24

MANCHESTER SETTLEMENT

NOTES TO THE ACCOUNTS

YEAR ENDED 31 MARCH 2025

9. TANGIBLE FIXED ASSETS

Fixtures and
fittings		 Long leasehold
property		 Freehold land
and buildings		 Refurbishment Total
£ £ £ £ £
Cost or valuation
At 1 April 2024 190,997 2,451,491 762,043
196,154		 3,600,685
Additions in the year 83,709 - 128,612 23,150 235,471
At 31 March 2025 274,706 2,451,491 890,655
219,304		 3,836,156
Depreciation
At 1 April 2024 148,193 226,245 126,078
108,824		 609,340
Charge for the year 36,192 16,606 17,895
29,363		 100,056
At 31 March 2025 184,385 242,851 143,973
138,187		 709,396
Net book value
At 31 March 2025 90,321 2,208,640 746,682
81,117		 3,126,760
At 31 March 2024 42,804 2,225,246 635,965
87,330		 2,991,345

10. INVESTMENTS

Movement in market value

Market value at 1 April 2024
Market value at 31 March 2025
Historical cost at 31 March 2025		 2025
£
40,000
40,000
500

The L. S. Lowry drawing is included in the accounts at £40,000 being the valuation on 4[th] April 2022. Trustees consider the value to remain the same as at valuation date. The drawing is held in safekeeping by the Whitworth Art Gallery, Manchester, who have provided the valuation of the drawing.

11. DEBTORS

2025 2024
£ £
Trade debtors 137,358 38,706
Other debtors 61,655 48,329
199,013 87,035

Page 25

MANCHESTER SETTLEMENT

NOTES TO THE ACCOUNTS

YEAR ENDED 31 MARCH 2025

12. CREDITORS

CREDITORS: Amounts falling due within one year

Trade creditors
Loans
Other creditors
Taxation and social security
Accruals and deferred income		 2025
2024
£
£
14,525
13,111
11,515
11,814
27,941
30,234
37,671
-
13,892
12,022
105,544
67,181

CREDITORS: Amounts falling due after more than one year

Other creditors
Thrive loan (unsecured)
Analysis of the maturity of the loan is given below:
< 1 year
2-5 years
> 5 years		 2025
2024
£
£
48,608
-
48,608
-
86,279
-
-
-
-
-
86,279
-

The Board of Trustees made the decision to repay the outstanding amount of loan on 13[th] June 2025 of £76,794.

13. DEFERRED INCOME

Amount at 1 April
Received in year
Released to income
Balance at 31 March		 2025
2024
£
£
10,835
6,700
5,001
18,426
(11,055)
(14,291)
4,781
10,835

Deferred income consists of funds received for activities to be undertaken from 1[st] April 2025 such as Speech support and other developmental projects.

Page 26

MANCHESTER SETTLEMENT

NOTES TO THE ACCOUNTS

YEAR ENDED 31 MARCH 2025

14. FINANCIAL INSTRUMENTS

Cash held
Trade debtors
Other debtors excluding prepayments
Financial assets that are measured at amortised cost:
Trade creditors
Other creditors
Accruals
Financial liabilities that are measured at amortised cost:		 2025
2024
£
£
949,345
886,215
137,358
38,706
30
30
1,086,733
924,951
2025
2024
£
£
14,525
13,111
96,704
8,555
9,660
6,667
120,889
28,333

15. UNRESTRICTED FUNDS

Designated funds
Fixed asset fund
Houses
Residuary Legacy
Unrestricted funds
Other charitable funds		 Balance at 1
April 2024
Incoming
resources
Outgoing
resources
Transfers
Balance at 31
March 2025
£
£
£
£
£
2,225,246
-
(16,606)
-
2,208,640
252,760
-
(6,319)
-
246,441
217,177
-
(164,192)
-
52,985
2,695,183
-
(187,117)
-
2,508,066
1,150,081
1,419,555
(1,033,276)
-
1,536,360
3,845,264
1,419,555
(1,220,393)
-
4,044,426

The fixed asset fund is designated as the total value of the New Roundhouse building. The Houses fund is designated as the value of the funds invested in the five houses owned by the charity to deliver charitable services.

The Residual Legacy Fund comprises of two legacy donations with no restricted elements received during 2020/21 and 2022/23. During FY 2024/25 there was £164,192 utilised from Residual Legacy Fund.

Page 27

MANCHESTER SETTLEMENT

NOTES TO THE ACCOUNTS

YEAR ENDED 31 MARCH 2025

Designated funds
Fixed asset fund
Houses
Lease purchase fund
Residuary Legacy
Unrestricted funds
Other charitable funds		 Balance at 1
April 2023
Incoming
resources
Outgoing
resources
Transfers
Balance at 31
March 2024
£
£
£
£
£
1,140,080
-
(16,607)
1,101,773
2,225,246
259,079
-
(6,319)
-
252,760
210,000
-
-
(210,000)
-
280,574
1,335
(64,732)
-
217,177
1,889,733
1,335
(87,658)
891,773
2,695,183
984,657
1,099,826
(937,163)
2,761
1,150,081
2,874,390
1,101,161
(1,024,821)
894,534
3,845,264

Page 28

MANCHESTER SETTLEMENT

NOTES TO THE ACCOUNTS

YEAR ENDED 31 MARCH 2025

16. RESTRICTED FUNDS

Balance at
1 April 2024		 Incoming
resources		 Outgoing
**resources **		 **Transfers ** Balance at 31
March 2025
£ £ £ £ £
LandAid Charitable Fund 13,501
-
(13,501)		 -
-
F Beswick - Science activities 5,471
-
(465)		 -
5,006
YPAC 101
25,000
(21,295)		 -
3,806
MACC - Hate Crime 500
-
(500)		 -
-
MU NHS Foundation Trust - Health Creation 32,399
-
(32,399)		 -
-
FASD 4,000
-
-
-
4,000
Our Manchester - VCS grant 7,677
86,714
(89,617)		 -
4,774
Our Manchester - VCS forum 3,000
-
(3,000)		 -
-
Austin and Hope Pilkington Trust 5,000
-
(5,000)		 -
-
Sported Foundation: The Black Identity Football
Fund		 2,000
-
(2,000)		 -
-
Manchester City Council - Community Art
Therapy		 500
-
(500)		 -
-
Manchester City Council - Our MCR Food
Partnership		 1,802
-
(1,000)		 -
802
Manchester City Council: Volunteering 3 1,449
-
(1,449)		 -
-
MU NHS Foundation Trust - VCSE influence 1,500
-
(1,500)		 -
-
MU NHS Foundation Trust - Locality Volunteering 3,250
-
(3,250)		 -
-
Community Foundations: The FredMill Trust Fund 10,000
5,000
(5,000)		 -
10,000
4CT - Limited -
16,290
(14,790)		 -
1,500
One MCR: Hate crime -
500
(500)		 -
-
MCC: CHEM Befriending -
10,000
(10,000)		 -
-
GM Sport Partnership -
100
(100)		 -
-
MCC Play day grant -
250
(250)		 -
-
MCC: Family Hub -
48,561
(48,561)		 -
-
MCR UNI NHS FOUNDATION Trust: MMR
vaccination		 -
25,000
(22,750)		 -
2,250
MCC: COST OF LIVING -
15,000
(3,842)		 -
11,158
MCR UNI NHS FOUNDATION Trust: Cost of
living		 -
2,000
(2,000)		 -
-
MCC: Digital inclusion toolkit -
700
-
-
700
MCR UNI NHS FOUNDATION Trust: Winter
Health		 -
34,000
(28,000)		 -
6,000
MCC: WAC -
14,000
-
-
14,000
MCR UNI NHS Foundation Trust:Health is Created in
Communities Project -
51,250
-
-
51,250
Manchester Active Community Walking Grant -
1,500
(206)		 -
1,294
92,150
335,865
(311,475)		 -
116,540

Page 29

MANCHESTER SETTLEMENT

NOTES TO THE ACCOUNTS

YEAR ENDED 31 MARCH 2025

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, 4CT) projects develop community activities to promote community engagement in learning, health and wellbeing.

Fred Beswick - Science Activities fund is a one-off donation over ten years to support science related activities with young people.

Hate crime is a grant from MACC to deliver activities that promote hate crime reporting mechanisms.

FASD is a grant that helps to facilitate networks of families caring for children affected by Foetal Alcohol Spectrum Disorder (FASD).

LandAid Charitable Fund is a capital fund for refurbishment of housing for young people.

Manchester City Council - Our MCR Food Partnership Capital is a fund to refurbish the food pantry room.

MU NHS Foundation Trust - VCSE influence is a fund to contribute to the cost of structuring representation of the Voluntary sector in local decision making.

MU NHS Foundation Trust - Locality Volunteering is funding to deliver an action research project investigating what makes for good local volunteering.

Community Foundations -The Fred Mill Trust Fund is to support general community activities.

YPAC – A partnership grant using Manchester City Council Funds to deliver Youth and Play services.

Manchester City Council - Community Art Therapy – a grant used for a Men’s art project. GMCVO – payments for the delivery of learning sessions around wellbeing.

MU NHS Foundation Trust - Health Creation – a grant for the delivery of a community action learning project around the uptake of winter vaccinations.

Austin and Hope Pilkington Trust – a grant to enhance the education we provide to asylum seekers.

Sported Foundation: The Black Identity Football Fund – a grant to enhance the football sessions we provide for asylum seekers.

Young MCR – SEND – a grant to deliver Speech and Language focused play sessions for early years children.

MCC: Family Hub - a capital and revenue grant to refurbish parts of our building to become a Family Hub centre and deliver services.

MCR UNI NHS Foundation Trust: MMR vaccination - a grant to deliver support to small charities in their work to increase the uptake of MMR vaccines.

MCR UNI NHS Foundation Trust: Winter Health - a grant to deliver support to small charities in their work to prove the resilience of adults to winter health concerns.

MCR UNI NHS Foundation Trust: Health is Created in Communities Project – a grant to support the set-up infrastructure for future grants due in the next two years.

MCC: COST OF LIVING - a grant to enhance the support we provide to financially vulnerable adults.

Page 30

MANCHESTER SETTLEMENT

NOTES TO THE ACCOUNTS

YEAR ENDED 31 MARCH 2025

MCC: Digital inclusion toolkit - a grant to provide digital inclusion support.

MCC: WAC – a grant to subsidy our costs in expanding our Wrap Around Child Care.

Manchester Active Community Walking Grant – a grant to support the delivery of walking activities for community members.

Balance at
1 April 2023		 Incoming
resources		 Outgoing
**resources **		 **Transfers ** Balance at 31
March 2024
£ £ £ £ £
New Roundhouse capital project 894,534
-
-		 (894,534) -
4CT Limited -
28,365
(28,365)		 -
-
LandAid Charitable Fund 16,122
-
(2,621)		 -
13,501
F Beswick - Science activities 6,793
-
(1,322)		 -
5,471
The Big Life - Social Prescribing -
3,000
(3,000)		 -
-
YPAC -
11,046
(10,945)		 -
101
Manchester City Council - We Love MCR -
1,500
(1,500)		 -
-
Young MCR - OCON 3,319
-
(3,319)		 -
-
Young MCR - Community Safety Grant -
3,000
(3,000)		 -
-
MACC - Hate Crime -
500
-
-
500
MU NHS Foundation Trust - Health Creation -
70,000
(37,601)		 -
32,399
FASD 4,000
-
-
-
4,000
Our Manchester - VCS grant -
86,714
(79,037)		 -
7,677
Our Manchester - VCS forum -
3,000
-
-
3,000
Austin and Hope Pilkington Trust -
5,000
-
-
5,000
4CT Limited - YIF 4,000
-
(4,000)		 -
-
Sported Foundation: The Black Identity Football
Fund		 -
2,000
-
-
2,000
Barclays - Sporting Foundation 110
-
(110)		 -
-
GMCVO -
1,200
(1,200)		 -
-
The National Lottery Community Fund: Cost of
Living Fund		 -
35,790
(35,790)		 -
-
Manchester City Council - Warm Hub 2,500
-
(2,500)		 -
-
Manchester City Council - Community Art
Therapy		 -
500
-
-
500
Manchester City Council - Our MCR Food
Partnership		 3,135
5,650
(6,983)		 -
1,802
Manchester City Council: Volunteering 3 -
2,000
(551)		 -
1,449
MU NHS Foundation Trust - VCSE influence 1,500
-
-
-
1,500
MU NHS Foundation Trust - Locality Volunteering 5,217
5,000
(6,967)		 -
3,250
MU NHS Foundation Trust - Equalities Fund 9,380
4,020
(13,400)		 -
-
Community Foundations: The FredMill Trust Fund 5,000
5,000
-
-
10,000
Young MCR - SEND 3,000
-
(3,000)		 -
-
958,610
273,285
(245,211)		 (894,534) 92,150

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MANCHESTER SETTLEMENT

NOTES TO THE ACCOUNTS

YEAR ENDED 31 MARCH 2025

17. ANALYSIS OF NET ASSETS BY FUND

Tangible fixed
assets
Investments
Other net assets		 Unrestricted
Restricted
Total funds
funds
funds
2025
£
£
£
3,126,760
-
3,126,760
40,000
-
40,000
877,666
116,540
994,206
4,044,426
116,540
4,160,966
2025		 Unrestricted
Restricted
Total funds
funds
funds
2024
£
£
£
2,991,345
-
2,991,345
40,000
-
40,000
813,919
92,150
906,069
2024
3,845,264
92,150
3,937,414

18. OPERATING LEASE COMMITMENTS

The charity had total commitments under operating leases expiring as follows:

< 1 year
2-5 years
> 5 years		 2025
2024
£
£
2,792
2,657
3,613
3,319
-
-
6,405
5,976
Equipment		 2025
2024
£
£
94,992
40,248
67,848
89,049
-
-
Property
162,840
129,297

19. COMPANY LIMITED BY GUARANTEE

Under paragraph 8 of the Settlement 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 liabilities of the Settlement contracted before he or she ceases to be a member, and of the costs, charges and expenses of winding up and for the adjustment of the rights of the contributions among themselves, such amounts as may be required, not exceeding £1 per member.

20. RELATED PARTY TRANSACTIONS

There are no entities with significant control/interest over the charity. There were no related party transactions in FY 2024/25 (FY 2023/24: £2,111).

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