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2023-03-31-accounts

Administrative
information
Trustees'
and Directors' annual		 report 2 —8
Auditors'
report		 9—11
Group statement
offinancial activities
Company
statement
offinancial		 activities 13
Group balance sheet 14
Company
balance sheet		 15
Statement ofcash ttows 16
Notes to the financial statements 17—36

DIRECTORS
Name Appointed/Resigned Position Subcommittee
(see key below)
N SArthanayake Resigned
22/09/22
J Bloxham
R Bromley
N M ibu FC
KM Jacob Chair from 21/10/21
CJeffries FC Chair FC
SMclntosh
V L Pinnington
Cllr L Rahman		 '
R Rule FC
(*Cllr L Rahman nominated by Manchester City Coundl)
SENIOR MANAGEMENT TEAM
Chief Executive DJ Moutrey
Executive Director H Filloux-Bennett
Technical Director SPritchard
Development Director RJoyce
Director of Finance C Riches
Director of Marketing &Communications BTurnbull
REGISTERED OFFICE AND HOME
PRINCIPAL PLACE OF BUSINESS 2Tony Wilson Place
Manchester M154FN
AUDITORS Chittenden Horley
Chartered
Accounts and Statutory		 Auditors
456 Chester Road
Old Trafford
Manrhester M16 9HD
SOLICITORS Weightmans
1 Spinningfields
Hardman
Square
Manchester M3 3EB
BANKERS The Co-operative Bank
70-72 Cross Street
Manchester M2 4JG
SUBCOMMITTEES FC —Finance Sub-committee

GROUP STATEMENT OFFINANCIAL ACTIVITIES GROUP STATEMENT OFFINANCIAL ACTIVITIES GROUP STATEMENT OFFINANCIAL ACTIVITIES GROUP STATEMENT OFFINANCIAL ACTIVITIES (including the income and expenditure
account)		 (including the income and expenditure
account)		 (including the income and expenditure
account)		 (including the income and expenditure
account)
FORTHE YEAR ENDED MARCH 312023
Unrestricted
Notes General Designated Restricted Total Total
Funds Funds Funds 2023 2022
INCOME
Incoming resources from generated funds:
Donations 2 1,795,280 26,680 1,821,950 2,615,871
Charitable
activities		 4,084,106 537,625 4,621,731 3,503,167
Other trading activi0es 676,141 675,141 425,431
Investment
income - bank		 interest 'i,048 1,048 103
Other income 64,052 64,052 T9,650
TOTAL INCOMING RESOURCES 6,620,627 564,305 7,184932 0,024, 222
EXPENDITURE
Costs ofraising funds 540,141 540,141 396,019
Expenditure
on charitable		 activities 6,368,60T 200,038 424,460 6,993,105 6,268,653
TOTAL EXPENDITURE 6,908,748 200,038 424,460 7533246 6,664,672
NET INCOME/(EXPENDITURE)
BEFORETRANSFERS (288,121) (200,038) 139,845 (348,314) (40,450)
Transfers
between
funds		 19 18,579 (18,579)
NET INCOII/IE/(EXPENDITUREl
BEFORETAXATION (269,542) (218,617) 139,845 (348,314) (40,450)
TAXATION - Creative Tax Credits 165,973 165,973 185,897
NET MOVEMENT
IN FUNDS
(Net income/(expenditure) after taxation) (103,569) (218,617) 139,845 (182,341) 145,447
TOTAL FUNDS
Brought forward 703072 999031 2001763 2063866 t0t04t9
Carried forward 679,503 781,214 420,808 1,881,525 2,053,866

R THE YEAR ENDE D MARCH 31202 3
Unrestricted
Notes General Designated Restricted Total Total
Funds Funds Funds 2023 2022
Incoming
resources from generated		 funds:
Donations 2 1,799,336 26,680 1,826,016 2,615,871
Charitable
activities		 4,382,807 537,625 4,920,432 4,797,685
Other trading
activities		 337,365 337,365 277,497
Investment
income		 - bank interest 1,048 1,048 103
Other income 64,052 04052 79,650
TOTAL INCOME 6,584,608 504305 7 140013 7770807
EXPENDITURE
Costs ofraising funds 7 221,244 221,244 218,892
Charitable
activities		 8 6,522,624 200,038 424,460 7,147,122 7,394,664
TOTAL EXPENDITURE 6,743,868 200,038 424,460 7,368,366 7,613,555
NET INCOME/(EXPENDITURE)
BEFORETRANSFERS 11 (159,260) (200,038) 139,845 (219,463) 157,251
Transfers between funds
NET MOVEMENT IN FUNDS (140,681) (218,617) 139,845 (219,453) 157,251
TOTAL FUNDS
Brought forward 860,296 999,831 280,963 2,141,090 1,983,839
Carried forward 710615 701214 420008 1921637 2145090

Group Group Charity Charity
2023 2022 2023 2022
notes
Cash generated
from/(used		 in)
operating activities 21 ~788766, 278,855 ~378724
Cashflowe from investing activities
Interest and dividends 1,048 103 1,048 103
Purchase oftangible
fixed assets		 (169,203) (76,282) (169,203) (76,282)
Purchase of intangible
fixed		 assets
Proceeds ofsale offixed assets 1,578 1,578 1,578 1,578
Payments
to acquire investments
Cash provided
by/(used
In)		 investing activities ~469577 ~74607 ~766577 t480t
Cashfiowa from financing activities
Proceeds from new borrowings 17,212 17,212
Repayment
ofborrowing
Cash used ln financing activities		 ~49992
~44,932		 ~3838
t3,874		 ~9777
~31tt,		 3,338
13,874
Increase/(decrease)
in cash		 8 cash equivalents in the year (370,337) 218,125 (649,078) (70,596)
Cash and cash equivalents brought forward 1,780,563 1,562,435 1,482,309 1,552,905
Cash and cash equivalents canled forward 1,410,226 1,780,563 933,231 1,482,300
Cash and cash equivalents consist of:
Cash at bank and
in hand		 1,410,226 1,780,553 933,231 1,482,309
Current asset investments
1,410,226 1,780,553 933/31 1,482,309
The notes on pages 17to 36form part cfthese financial statements.

O TES TO THE FINA NCI AL S TATE MENTS FORTH E YEAR ENDE D SIARCH 8 12023
2023 2022
Unrestricted Restricted Total Unrestricted Restricted Total
2 DONATIONS
Revenue
grants:
ACE NW 1,321,387 1,321,387 1,321,387 1,321,387
British Film Institute (BFI) 185,000 185,000 185,000 185,000
GMCA 136,900 136,900 135,900 136,900
Kickstart grants 14,180 14,180 28,856 28,856
Recoverable
income
Access to work grant 1,000 1000
1,643,287 14,180 1,657467 1,643,287 29,856 1,673143
COVID Support
ACE emergency funding
ACE CRF1
ACE CRF2 375,000 375,000
ACE CRF3 180,000 180,000
Garfield Weston Foundation
Ogelsby Charitable Trust
Esmee Fairbairn
Granada
Foundation
MCC rates support 53,507 53,507
Other
HMRC - CJRS 76,322 76,322
129,829 555,000 684,829
Donations
General, donations 80.562. 12,509 93,062 194.434 5.500 199,934
In kind support
Film curation 28,267 28,267 28,257 28,267
Accommodation &travel 10,889 10,889 4,698 4,698
Theatre Props 2,275 2,275
Legal and professional costs 30,000 30,000 25,000 25000
151,993 12,500 164,493 252,399 5,500 257,899
Total for group 1,795,280 26,680 1,821,960 2,025,515 590,356 2,615,871
Donation
from Cornerhouse		 Pubs 4,056 4,056
Total for company 1,799,336 26,680 1,826,016 2,025,515 590,356 2,615871
O TESTOTHE FINANCIA L STA TE M ENTS FORTH E YEAR END ED MARCH $1 202$
2023 2022
Unrestricted Restricted Total Unrestricted Restricted Total
6 6
3 INCOME FROM CHARITABLE ACTIVITIES
Project grants, box office and other project income
Film 1,251,150 1,251,150 1,139,359 4,059 1,143,428
Theatre 1,153,774 88,648 1,242,422 1,570,683 92,500 1,663,'l83
Visual Arts 467,018 487,018 300,241 300,241
Creative Development 62,908 137,888 200,796 11,865 139,553 151,418
Artist Development 14,909 175,962 190,871 6,407 181,957 188,374
Sector Leadership
and		 development 5,000 135,127 140,127 27,648 55,000 82,848
Recoverable
income		 159,654 159,654
MCC contract funding 1,258,394 1,268,394 1,268,394 1,268394
Per charity 4,382,807 537,625 4,920,432 4,324,607 473,079 4,797,686
Consolidation
adjustments:
Add: Cornerhouse
Publications		 285,251 285,251 115,860 115,860
~
9
5
'		 5 2 t ~553.952 ~552952 '1.119.1199 1,410179
Per group 4,084,106 537,625 4,521,731 3,030,088 473,079 3,503,167
4 INCOME FROM OTHER TRADING ACTIVITIES
Sponsorship 84,292 84,292 152,958 152,968
Venue, room hire, and rent 204,B49 204,849 80,528 80,628
Corporate 8 individual membership 5,541 6,541 8,959 8,959
Management
charges		 31,095 31,095 26,714 25,714
Hire of equipment 10,588 10,588 8,228 8,228
Per charity 337,365 337,365 277,497 277,497
Less eliminated
on consoli'dation:
Charges to subsidiaries (48,742) (48,742) (66,509) (68,509)
Add Subsidiary
income:
GMAS 387,518 387,518 214,443 214,443
Per group 576,141 676,141 425,431 425,431
5 OTHER INCOME
Corporate
income		 44,391 44,391 25,000 25,000
Sundry
income		 19,661 19,661 54,650 54,650
Per charity and group 64,052 64,052 79,650 79650

O TES TOTHE FINANCIAL STAT EM ENTS FORTHE YEAR ENDE D MARCH 81 2023
2023 2022
Unrestricted Restricted Total Unrestricted Restricted Total
7 COSTS OF RAISING FUNDS
Fundraising
Direct costs 1,755 1,755 1.322 13322
Direct salaries 146,076 146,076 135,678 135,678
CRF3 grant lo GMAS 15,300 15,300
Supportcosts 73,413 73,413 56,592 49592
Per Charily 221,244 221444 203,592 15,300 218,892
GMAS (note 6) 318,897 318,897 192,427 192,42T
Eliminated
on consolidation
CRF3 grant to GMAS
Per Group		 540,141 540,141 396,019 ~76,300 ~t5 379
396,019
8 CHARITABLE EXPENDITURE
Per charity 6,722,662 424,460 7,147,122 6,293,705 1,100,959 7,394,664
Consolidation
adjustments:
Charitable costs in subsidiary companies
HOME Manchester
Productions		 Ltd 1,200 1,200 1,230 1,230
Cornerhouse
Publications		 Ltd 263,962 263,962 102,771 102,771
Less eliminated on consoiidslion:
Charges from
HMP		 (419,179) (419,179) (1,225,512) (1,225,512)
Grant to CPL (4,500) (4,500)
Release bad debt provision CPL
Per group 6,568,645 424,460 6,993,105 5,172,194 1,096,459 6,268,653
Costs charged
in charity:
Film 1,797,727 1,797,727 1,695,561 4,059 1,699,620
Theatre 2,937,484 2,937,484 3,410,077 284,360 3,694,43T
Visual Ats 1,139,164 1,139,164 933,221 933,221
Creative Development 491,382 199,308 690,690 342,665 172,566 515,231
Artist Development 419,349 120,564 539,913 377,958 138,571 516,529
Sector leadership
&development		 42,144 42,144 19,999 11,127 31,126
Publications 4,500 4,500
Charged to restricted
funds:
ISPA (90,408) 90,408 (80,920) 80,920
Kickstart grants
Environmental
training
Access to work grant
ACE CRF		 grant (14,180) 14,180 (28,856)
(1,000)
~275000.
28,856
1,000
375,000
Per charity 6. 22662 424~60 7147122 6203705 t,t00950 t21140114
E&pendlture In the charity is analysed as follows: Direct Direct Support
Costs Salaries Costs Total
2022/23 6 6 6
Film 367,802 517,961 911,964 1,797,727
Theatre 1,453,574 501,'774 982,136 2,937,484
8/Isual Arts 519,060 52,073 568,031 1,139,164
Creative Development 222,272 209,624 258,794 890,690
Artist Development 107,944 160,626 271,343 539,913
Sector leadership &development 20,976 6,168 15,000 42,144
Publications
2661628 ~1448
6		 3667268 7147122
2021/22
Film 370,274 530,139 799,207 1,599,820
Theatre 2,352,190 462,446 869,801 3,594,437
'@seal Arts 396,652 31,387 505,182 933,221
Creative Development 147,632 137,270 230,329 515,231
Artist Development 120,044 155,473 241,012 515,529
Sector leadership &development 9,958 6,188 15,000 31,126
Publications 4,500 4500
3,411,250 1,322,883 2,650,531 7,394854

SUPPORT C OST S
Marketing Support Other Governance Depreciatian Total
Costs salaries Casts costs Costs 2023
8 6
Film 86,708 494,867 215,029 95,577 19,783 911,984
Theatre 74,321 474,215 346,520 47,789 39,291 982,136
Visual Arts 49,548 294,27'7 179,097 35,842 9,267 568,031
Creative Development 24,774 130,829 65,166 35,842 2,183 258,794
Artist Development 24,774 137,338 81,729 23,695 3,607 271443
Sector leadership 8development 15,000 15,000
Fundraising 12367 41 962 19064 73 13
~27
512		 1588488 906605 238945 74 131 3080 681
2021/22 Total
2022
Film 83,227 466,422 560,734 71,573 17,651 799,207
Theatre 71,337 456,649 275,178 35,587 35,056 889,801
Visual Arts 47,558 280,244 542,421 26,690 8,269 505,582
Creative Development 23,779 522,989 54,929 26,600 5,948 290,929
Sector leadership and development 15,000 15,000
Artist Development 23,779 130,168 65,053 57,799 3,259 241,012
Fundraising 55,890 38,621 16,085 66592
261,570 1,510,087 711,390 177,933 66,149 2T27123
2023 2022
Governance costs
Salaries 39,515 38,970
Professional and legal fees 149,508 505,854
Overheads 49,623 37,109
238,945 577,933

NO TES TOTHE FINANCIAL STATEME NTS FORTHE YEAR ENDED INARCH 31 2028
10 STAFF INFORMATION 2023 2022
f
a Employees
Salaries and wages 2,978,344 2721,918
Pension costs (GMAC) - money purchase 59,143 68,569
Pension costs (GMPF) - multi-employer scheme 9,191 10,517
Employer's
Nl contributions		 216,534 206,614
3 63 12 3007618
Staffcosts for the Trading
subsidiary		 included above ~e aov
Employees
earning
more than f60,000 p.a.(gross pay and taxable benefits only)		 Number Number
Between f60,000and f69,999 2
Between f70,000and F79,999
Between F80,000and f89,999
Charity 396,205 435,543
Group 396,205 435,543
b Actors and stage managers
Fees 55,439 154,804
Pension contributions (Equity) 1,881
57,320 156,685
Actors and stage managers are engaged on a self employed basis subject to Equity approved contracts.

GREATER MANCHESTER ARTS CENTRE LIMITED GREATER MANCHESTER ARTS CENTRE LIMITED GREATER MANCHESTER ARTS CENTRE LIMITED
NOTES TOTHE FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 81 2028
11 NET INCOME/(EXPENDITURE) BEFORETRANSFERS (for the Group)
This Is stated after charging/(crediTing):
Auditors
remuneration:-
Audit fees - annual acoounts 9,500 8,600
Accountancy fees 3,500 3,914
Finance lease charges 1,660 1,660
Depreciation
offixed assets held		 on finance leases 3,993 3,993
Depreciation
ofother fixed assets		 77,593 60,343
Amotfisation
ofintangible assets		 4,000 4,000
Trustees
remuneration
Trustees expenses re travel and accommodation
Number Number
Trustees having expenses
reimbursed		 or paid on their behalf
12 TANGIBLE FIXEDASSETS Short leasehold Fixtures
Land and Fittings and
GROUP Buildings Equipment Total
Cost
As at April
12022		 29,492 1,645,930 1,675,422
Additions 42,129 127,074 169,203
Disposals (2,104) (2,104)
As at 31 March 2023 71,621 1,770,900 1,642,521
Depreciation
As at April 12022 17,950 1,467,859 1,485,819
Charge for the year 5,069 76,740 81,809
Disposals (526) (526)
As at 31 March 2023 23,019 1,544,083 1,567,102
Net Book Value
As at 31 March 2023 48,602 226,817 275,419
As at 31 March 2022 11,542 178,051 189,603
COMPANY
Cost
As at April 1 2022 29,492 1,633,307 1,662„799
Additions 42,129 127,074 169,203
Disposals (2.104) (2,104)
As at 3'I March 2023 71,621 1,758,277 1,829,898
Depreciation
As at April
1 2022		 17,950 1,455,468 1,473,418
Charge for the year 5,069 76,517 81,586
Disposals (526) (526)
As at 31 March 2023 23,019 1,531,459 1,554,478
Net BookValue
As at 31 March 2023 48,602 226,818 275,420
As at 31 March 2022 11,542 177,839 189,381

Name Name Activity Investment Company
no.
2023 2022
E
Greater Manchester Arts Services LtCatering services &retail oui 100 100 1905978
Home Manchester Productions Ltd Theatre productions 1 9310260
Cornerhouse Publicagons Ltd Book distribution services 1 9475426
102 102

GROUP GROUP CONIPANY COMPANY
2023 2022 2023 2022
f f
15 STOCKS
Stock ofgoods for resale 7048 74,207
16 DEBTORS
Trade debtors 394,556 275,107 264,732 158,959
Grants and income receivable 479,100 287,186 479,100 267,186
Greater Manchester Arts Services Linited 835 492,649 358,502
HOME Manchester Productions Ltd 164,772 184,485
Comerhouse
Publications		 Ltd 66,329 64,708
Creative Tax Credhs 165,972 185,785
Other debtors 4,320 4,320 4,320 4,320
Prepaymsnts 296,824 29t,lt02 206 024 291,962
1,341,607 1,024,350 1,765,726 1,330,132
17 CREDITORS falling due within one year
Trade creditors 461,120 299,018 395,407 253,558
Other taxes and social security 108,964 84,308 104,814 80,16T
Accruals 320,166 207,860 293,696 184,551
Other creditors 30,025 54,818 28,825 54,818
Finance lease creditors 3,777 3,TTT 3,777 3,777
Income and grants in advance 231,003 285,855 231,003 285,855
1,155,055 935,545 1,057,522 852,737
18 CREDITORS amounts
Finance lease creditors		 faglng
- due 2		 due in more than one year
- 5years		 6,320 ttl,097 632D tD097,
6,320 10,097 6,320 10,09T

GREAT ER MAN MAN CHESTER A CHESTER A CHESTER A CHESTER A RTSCENTRE LIMITED RTSCENTRE LIMITED RTSCENTRE LIMITED RTSCENTRE LIMITED RTSCENTRE LIMITED RTSCENTRE LIMITED RTSCENTRE LIMITED RTSCENTRE LIMITED RTSCENTRE LIMITED
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O
O
A		 O
I
C
2'
4
Z
IL
4
pt		 0
ht
ll
4I
2		 4
0		 C1 0
lh
0
IL
0
Lh		 E
IL
IL
IA		 IL
Vl
IL
Cl		 0
lh
IL
X
o
4		 0
Ch
I00
4
IA		 0
0
Ct
C
0		 22
0
Z
i
4I		 ht
2
0
C
Z		 ) 4
2
8		 IZ8
W
Ct		 I 0
W
0
IL
0		 W
2
I
)at
II.
D		 a
I
a0		 4
2
4
O
z
Ch
V		 0
0
0
a
0
0
Ct
Ih
Z		 ~IE
0
z
2
0
ch
0		 0
0
0
a
0i 8
10		 2
4		 E
CA		 i
Ch
hl4
O		 IA
CL
0
O
Lt

Payable within;
One year 4,998 4,998
Between 2 and 5years fiwa 11,247
Less interest 11,247
~1150		 16,245
r2,371)
1o,oa7 13,874
Finance lease liabilities per creditors notes 1D DOT 13,874