Panahohar SL'PP()RTING M.'Ol¥lk.N AND C.IIILDRF.Y ACwèllNST DnMFS'TIL" IIULLNCF. TRUSTEES. REPORT & FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 24HR HeLPLNf Q•OO m"6SW I WWw.PANA•IO•Wl0.I#K ISAFthPAMMAGMA,
CONTENTS Page Trustees. Report Aims & Objectives, Statement of Public Benefit. Achievemcnt & Perforniance. Financial Review Structure, Governance and Management Trustees, Respon8ibilities Stat¢ment Independent Auditor's Report Consolidated Statement of Financial Aetiviti 12 Consolidated and Ch¥drfity Balance Sheets 13 Consolidated Ststement of Cash Flow 14-15 Notes to the Consolidated Financial Statements 16to24
COVENTRY PANAHGHAR PROJECT TRUSTEES, RFPORT FOR THE YEAR ENDED 31 MARCH 2025 The Trustees present their report and financial stateftnents for the year a]ded 31 March 2025. The financidl statements have been prepared in tKCOTdance with the accounting policies set out in note l of the fancial statemellts and comply with the Charities Act 2011. the charity's governing document. and Aclounting and Kewrting by Charities." StatemeJJt of Recommended Practice applicable to charities preparing their financial statements in accoTd8Dce with the Financial Reporting Standards applicable in the UK and Republic of Irelaud (FRS 102) (2nd Edition, effective January 2019). ORWECTIVES AiYD ACTIVITIES Objectives and Aim5 Panahghar is a Black and minoritised women-led oan]sation with over 46 ycaTs' experience supporting Asian, Black and minoritised women and children subjected to domestic abuse. The charily exists to promote the satety of women and children affected by domestic violence and other fornis of violence. such as sexual violenc4 so-called honour- based abuse. forced marriage, female genital mutilation and trafficking. We work with women who are often thc most marginalised survivors including those with no recourse to public funds (NRpf), those whose imrnigrdtion slalus is tied to an abusive parther, those with no family or community support in the UK, and those who have been failed by rnainstream services. Our support enables them to escape violence and rebuild their lives in a way that is safe, culturally appropriate, and rooicd in dignity. Publlc BeD¢fit The trustees confm that they have referred to the guidance contained in the Charity Commisyion's general guidance on public benefit when reviewing charity's aims and objectives and tn planning tUre activities. The trustees have a]so onsidered how planned activities will contribute to the aims and objectives of the charity. In pursuit of its aims for public benefJL our services benefit the public through the following initiatives: To provide safe, secure temporary aLcommodation and counselling support scrvice to women, girls ynd children. To provide advice, inforniation and advocacy to victims and survivors of violcnce and abuse. To raise awarenc8s of the issues which arc faced by victims and survivors of violcnce and abuse. • To ensure victims and survivors of violence and abuse obtsin the legal and statutory tefitS and redress to which they are entltled. To ensure appropriate support and play opportunitiQ8 for children and a safe environment for children to live and rccover from the effects of viol¢ncc and abuse, ActAvltles Serviees and Achievements In 2024-25 we worked with 630 women and 514 ¢hildren across our range of holftstic support services. Over half (53Yo of the women accessing our retuge have no course to public funds. Many are on syuusal visas or dependent immigration rout¢s. lo this year Panahghar supported women from over 45 countries - 18 % required an interpreter. We know that this work makes a difTcrence to the lives of some of the most marginalised women and girls in the UK. Our by alld for support allows women to bc safer, healthier and better able to move positively on with their lives. "I don't know English. I know UU. The biggest support that I have received is in the language- that was really important. I needed people to listen to me and hear what I had to say in order to be safe for me and my son." Refuge We supported 108 women and 47 children within our speciallst refuges in Coventy, Solihull Leicester and Leicestershire. The safehouses were stafftd by multilingual. trauma-iDfornied WOTker4 including Domestic Abu8e Practitioners and in some refuges with Family Support Practitioners based in the refuges. The refuges provided more than just a safe space- all survivors received tall0d emotional support and
COVENTRY PANAHGHAR PROJE TRUSTEFS, REPORT FOR THE YEAR ENDED 31 MARCH 2025 access to our in-house legal advocacy. and practical assistance including safety planning, benefit guidance. housing alternatives and childcare support. Due to the discontinuation ot funding from Solihull Council, during this pffiod we closed our dedicated 6 bed spa Solihull refuge. However. we were successful in winning a Leicestershire County Council tsnder to provide 6 bed space rcfuge within Leicestershire. l 0/ of women who completed rethge support fclt safer than when they have arrived. 86 % felt better able to manage their physical health 86Vo reported reduce symptoms of trauma and anxiety 62 % said they had improved relationships with friends and family 75 % had acSSed leisure or cultural activities for the first time in years Immigratlon advl¢e and support Panahghar has continued to deliver ils highly impathl Immigration Support Seryice, delivered by Our Immigration Support Practitioner.8. This service has supported 112 survivors with No Recourse lo Public Funds (NKPF) or insecure immigration status. The team helps them undcrstand their legal rights, access alternative immigration routes, apply for h()using or finance support and reduce the cocrLive power beld by peTpetrators who use immigration status to control and abuse. °Nobody wanted to help me as I was not entitled to any benefits. Panahghar did not hesitate to provide me with accommodation and supported me through the immigration pmcess. I now have Indefinite Leave to Remain in the UK and am looking forwarrl to move on and start my new life of independence" Independent Domestie Vlolen¢¢ Advocaey We worked with 165 women through our Independent Domestic Violence Advocacy service, providing emotional and practical support to help them navigat¢ the criminal juslice Process. This support went through from when womcn who were considering reporting the violence they had been subjected to, right to the end of their court altendance. The IDVA team accompanied survivors to court, helpcd secure injunction& facilitated acccss to special measures and liaised with other agencies so that survivors had the help they needed. Helpline Support Panahghar provided 24-hour helpline throughout tbis pLYioLt taking 2,559 calls across our helpline support. As well as our 2417 internal helpline, we also dellvered to 'Safe ts) Talk, helpline w&s open 7 days a week. The helpline w&s available acmss Coventy and was delivered in partnership WAth Coventy Haven. These hclplines supported the comrnunity. providing inforniation, crisis and cornmunity-based support for victims and survivor5, professionals and the wider conununity. Strengthening our Organisation Having invested in a new CRM system (Oasis) during the previous financial year, in 2024-25 we frjcussed on ensuring that this was embedded witbin the organisation. Staff across the organisation were trained in data collection and using the system and we built systems to ellsure that w¢ were better able measure the difference we make to survivors.
COVENTRY PANAHGHAR PROJECT TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 During this period. Panahghar took advice to expk)re alternative legal structures to support OUT ongoing plans for sustainability and securing the long-terni sustainability of the organtsation. Our Partnerships We know that we are better able to sUprt survivors by working colla11velY and collectively. Over this Period we continued to develop our parthership to delivcr streamlined support to best meet the needs of all survivors. Tror example, Tn Coventry we continued to build the HPR Partnership alongside Haven and Relationship Coventy & Warwi¢kshire providing commissioned outreach, tDVA and helpline support. In Leicester we work¢d with Freeva and ixicestershire Womcn't> Aid & Living Without Abuse providing a single refeftral pathway ensuring ihal all Survivors get the support thal bcst meets their nee<L8. Over this peri(xl, Panahghar continued to be an active melnbcr of both Women's Aid Federation England and lrnkaan. We worked collaboratively with other member centre4 often presenting the needs of specialist by and for services. and minoritised survivors at a national level. We are proud ts) have been awarded a Distin¢tion in the lrnkaan Service Slandardg, the highest level of recognitii)n available under this national quality fi3mework for by-and-for VA WG seTvi¢e5. These stsndards are survivor-infonned and assess the depth. quality and culturdl relevance of services. This standard recognises OUT stron&p safeguarding practices, survivor-ccntred approach, and governance. validaiing our expertise in delivering high-quality, safe and efrective services. Equality? Dlversity and Incluslon As a BMF.-led organisation. anti-racism and inter8ectionality are embedded across all areas of our wo. Services are designed and delivered by stair with lived and learned experience, ensuring they are acccssibl4 culturally appropriate and rights-b&8ed. While Panahghar's by and for model 18 cen1 to our identity. our commitment to equality, dlversity and inclusion extends far beyond Ihis. We activ¢ly promote inclusion across all areas of our or&anisation - from gov¢rnance and statymg to service dcgign and parthership working. During 20245 we provided a range of training for our team. including on fOrd marriag< using the DASH risk assessment tool, immigration and non-fatsl strangulation. Through our partnerships with m8instrearn and specialist agencies, we shxred our expertise to strengthen inclusive practice across the wider VAW(i sectors. helping to build a system wherc equity and respecl are embedded ai every level. iadership Sobia Shaw, our CEO continued her period of long-terni sickness during this year. Sandra Manak, has continued her role as Interim CEO. Sandra has be¢n part of Panahghar for 27 years. Over this time shc has worked across all aspects of thc org4tnisation, building expertise in all areas af frontline service delivery alongside a deep understanding of strategic leadership within by-and-for organisations. Plans for the future This year, we rontinued to deliver on our current Imsiness plan, which aiftrn]s our commitD]ent to ensuring that minoritised women and their children have access to equitable, trauma-infoTmed supwrt that meets their needs. We will be focussing on:
COVENTRY PANAHGHAR PROJECT TRUSTEES, REPORT FOR THE Y AR ENDED 31 MAR 2025 Delivering highuallty, consistent support across the West Midlands We want to ensure that suryivors can access the same level of high-quality support wherever they are in the West Midlands. To do this we will seck fundillg to incrffdse the capacity in our outreach and refuge (Domestic Abuse and FamTrly Support practilioners) teams so that we are able to provide consistent support across Coventy. Leicester and Leicestershire. 2. Increase and Div¢Tsify our Income We will implement our new fidra]sing plan, with a clear focus on increasing income througb trusts and foundalion5. Our funding pipeline is ambilious, but realistic in line with the cumt funding nteXt. We will work with our partners to maintain and grow our comrni8sToned contracts in order lo expand our support for the communities we serve. 3. Strengthen our Organisation Over the coming year, Panahghar will begin irnplementing changes to its legal structure, following specialist advice, to strengthen the organisation for the long terni. This step will support more robust governance, impmve re4ilience, and ensure we are well positioned to grow sustainably while continuing to deliver our mission and serve wr communities. We will continue to develop our internal prcKesses tu better monitor what we are doing and the difference we are making. This is important so that we C provide the best p)ssible response for survivors and uddresses gaps in support, but also lo advocate for change across the West Midlands. We will continue lo invest in our dats analysis to improve the way we collecl dats and how we collate and Share whal we learn. Thank you We would like to say thank you to our parthers, funders. Individuals and organisations who have supported Panahghar over this perio¢ including.. We conlinue Providing Community services in Covcnty which have bccn tunded by. Coventy City Council funded the HPR Parlnership - Leicester Cily Council - Solihull Metropolitan Borough Council - Henry Smith Irusl. - Women's Aid- AdVy. Future & Emergency funds - The Caring Family Foundaiion - Leicesfrrshire County Council - The C.B & H.H. Taylor 1984 Trust Our staff continued to provide high*uality support to survivopj, showing a deep commitment to the organisation and the survivors we work with. We would like to acknowledge thi8 tmrd work and thwik them for their dedication. FINANCIAL REw ReserYe5 poliey The Thistees keep the cbarity's reserves under review. Due to the changes in econonLiC climate the Trustees agreol to invest frce reserves in Configuring current services and to fund improvements and development of projects to support the long-terni 8UStainability. Tnee5 wi]1 also ensure that rerve levels are at a level to provtde some protection to the orgonisation and its charitable programmes. This plan seeks to limit any risk arising in the event of a downturn in some of the Charity's various snurces of income or an unexpected need for additional expenditures.
COVENTRY PANAHCHAR PR(XIECT TRUSTEFS, REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Charity Commission defines reseryes as trhat part of the charity's fimds which can be made available to spend for any or all of the charity's purposes once IL h&s met its collllnitments and covered other planned expenditure. Th¢ Trustees are aware of the generaj legal duty lo apply charitable funds within a Teasonablc time of re]ving them. Therefore, to justify the holding of reserves th¢ charity needs a Reserves Policy which is b&8cd on a realistic assessment of th¢ r¢quired reserves. Incom¢ from restrict fijnds (incom¢ which must be applied to the purposes specified under thc teTms of the agreement or contract for which they were giv¢n), cannot be set aside for use in line with the Reserves Policy as any unused funds must be returned, carried forward or applied in liDe with the funding agencies requirements. Unrestricted funds (money generated as a result of fees and charges, or interest on monies invested), is expendable at the discretion of the Trustees in fiwthcring the Objects of the charity. The Board of Trnstees has identified that minimum level of unrestricted lld$ should be set to ¢ounlerbalance trading unLertainty and providc a base level for stability. A tsrget level of utwestricted funds has been set to allow for grovrth and for the charity to take advantage of strdtegic Opwtimities for (he thre growth. The current level of unr&stricted llds should be set as follows.. Minimum level Thr¢¢ monihs operating costs pl¥ an additional fund to cover redundancy costs for all staff plus legal Cost associated with winding up. Target level Six months operIng costs plus an addRtiona] fund to covcr redundancy costs for all staff plus Icgal costs associated with winding up. 'lThe Board of Trustees has approved Coventy Panahghar Project's reserves policy and identified the following reasons to hold reserves.. To pruvide fmancial stabtlity to enable us to wntinue to achieve its objective during challenging trading periods. To allow us to tske advantagc of strategic development opportunities plan for future growth. To enable us to make inv¢gtment d¢cisions in accordance with the inv¢stment policy and enable us to ¢onsider OPTK)rtunistic inveslmcnts which may not be within strategic plan. The lotal net outgoing $OUrceS for the year amounted to £165.214 (2024 - £295,439) including a lo$s of £4,705 incurred by PSItL- subsidiary. The net deficit for the year excluding restricted funds £224.557. Investment poliey and objectives The Trnstees havc agreed an investmcnt policy io ensure that the charlty maximises its return on investmeut. The policy seeks to mitigate risk in the knowledge ofthe current economic clirnate. Thfts policy is reviewed annually. Funds May onty be invested in financial instilutions previously approved by the Trustees. Any new fmancial institution submitted to the Trustees, approval must be a recognised fmancial institution that b&9 first class reputation and is authoriscd and supervised by the Bank of England or the Building Society Commission. Only Instiiutions with the highest crcdit rating will be considered. FUTURE DEVFIA)PMENTS The Trustees decidc on capacity buildin& ensuring the sustainability of curffnt provision. maintenance and improvements to our buildings, developing services and progrdTnmes" making improvements and having contingency plans in accordance with its n¢w Business Plan whicb is reviewed annualty.
COVENTRY PANAHGHAR PROJE TRUSTEES* REPORT FOR THE YEAR EM)ED 31 MARCH 2025 STRUCTURE, GOVERNANCE A]YD MANAGEMENT Governin% document 'I'he charity is controlled by its governing documen( a deed of trusl. and constitutes an unincorporated charity. Management and organisalional structure The Management Committec of the charity are its Trustees. They are supwrted by a management team lead by Ms Sobia Shaw the Chief Executive, who is currently off on long tern sick leave. In her absence the charity are being ternporarily lead by Sandra Manak- Inlerim Chief Executive. Trnstees are all from diverse backgrounds and bring with them appropriate knowledge, skills and experiences. The Board of Trustees are reSponsile for the overall dirertion of the charity's operations, its compliance with legislative r¢quiTements and ensuring the fmaD¢ial stability. The Trust¢¢s aiTn to mKt bimonthly six times a year lo review and approve strategic and operational recommendations from the senior mtageMent. STRUCTUR[ GOVERNANCE AND MANAGEMENT Recruitment, appoilltment and induetion of new trustees Ncw Trustees are recruited &s a result of rctiremenL resignatton, or death of a member of the Board. Fxpressions of interest are invited in writlDg to the Management Committec, sialing relevant work or life expericncet>. Potential Trustees are invited to an inforniation day by the Interim CEO and then to meet with all or some of the Trustees al an infornjal meeting. Those remain interested will then be invited to attend a Management MeetiTRg after which a vole will be taken regarding their appoitltment. Upon appoinlrnenl Trustees are invited to meet a senior Tnember of staff for 8n ioduction and are given the opportunity to attend relevanl training events and meetings.
COVEIYTRY PANAHGHAR PROJEcr TRUSTFES, REPORT FOR THE YEAR ElED 31 MARCH 2025 STRUCTURE. GOVERNANCE AND MANAGEMENT Continued Organisatlonal structure Thc M¢ffiagement Committee of the charity are its trustees for th¢ purposes of charity Act 2011. REFERENCE AND ADmINTRATIvE DETAJLS R¢gislered Charity number 1007676 Principal address 3 St Margaret lioad Stoke Coventy West Midlands CVI 2BT www.safehousc.o Trustees Mrs Amerdip Samra Ms Samia Boniface (Previously known as Samia l.aats) Ms SukwTnder Kaur Ms Rajinder Gill Ms Charnjeet Kaur Kensrcy Ms Navpreet Virk (appoiT]icd 22.1.2024) Treasurer Chair Auditors Arnistrongs Accountancy Ltd Chartered Accountants and Statutory Auditor 1 &2 M¢r¢ia Village I"orwood Close Weslwood Business Park Coventry West Midlands CV4 8HX Banker5 Barclays Bank 25 High Street Coventy CVI 5QZ Administratlon Ms Sobia Shaw Mrs Sandra Manak ChAef Executive oificer Interim Chief Executive OtTicer
COVENTRY PANAHGHAR PROJEcr TRUSTEES? REPORT FOR THE YEAR ENDED 31 MARCH 2025 Re1¥4ted parties The Charity controls Panahghar Safe House Limited {PSHL) and Management Committee apwints the Directs)TS of the Company. There are clear struclures and processes of commullication between the Company and Charity. The Company hold Board Meetings four times a year and report back to the Management Cornmittee. PSHL is a Company Limited by Gu¢antee and to share the charitable objective as Coventy Panahgbar ProjeLt. The principal activities of the Company are- To addre&8 illl forms of violence, abuse, distress and maltreatment from spouses, family, communities an(Vor structures - to promote humanitarian, environmcntdl. edutiOnal. developmental, the relief of povety and encourage eLonomi¢ and social well-being amongst vulnerdble group4 primarily but not exclusively, women and children from Black Asian Minority Ethnic and Refugee backgrounds, locally> nationally. and internationally" To establish, organise, manage, facilitate andlor provide assistance, suppo¢ advocacy, legal work, inforn)ation and advice, primarily An the pursuance of physical and ernotionat well-being and independence through encouraging self-help. social. educational. economi¢ and recreational pursuits, projec programmes services and initiative4 with a view to fftcrc&¥ing service uscrs, social capital. enabling them to acLess other agcncies, neiwork4 individuals and rcsources for thcir long-terni sustainability and advancement. To rai8e publit awarencss by collaborating with voluntary organisations, local authorities, local r¢yidents' groups, Lummunities and lo organisations in a common effort to provide services enabling Andividuals to move forward with their lives The Company has ¢harAtsble purposes and exists to promote Ihe t>afety of women children and mcn affected by all forms of violence and abuse Oftering safe temporary accomjnodation Offering appropriate support services Communicating the message that violence and domcstic violence and abuse is unacceptable and promoting action to prevent il. Promoting poli¢y and be8t practice that respond to women men 4nd children's needs. Risk management The trustces have a duty to identify and review the risks to which the charity is exposed and to ensure &ppropriate Controls arc in place to prnvide reasonable assurance agatnst fraud and eTror. The trustees have examined the principal Areas of the charitys operations and considered the major risks which may arise in each of these areas. ID Ihe opinion of the truslees the charity has establisbed resources and review systems which, under nornial conditions, should allow the risks identified by them to be mitigat¢d to an atrepiable level in its day to day operations. GOING CONCERN The trustees have considered the reserves policy thve and thc working capital requirements for the period of 12 months from the d*e of this pOrt and have reasonable expectation that the charity has adequate resources to continue its operations for the foreseeable future. Accordingly? the trustees continue to adopt going concern basis for the preparation of the annual report and accounts.
COVENTRY PANAHGHAR PR(IJECT TRUSTEES, RFPORT FOR THE YEAR ENDED 31 MARCH 2025 TRUSTFES RESPONSIBILITIES STATEMENT The trustees are responsible foi prq)ariDg the Trustees. Report and the financial statements ID accordance with applicabl¢ law and Unit¢d Kingdom Accounting Slandards (Unit¢d Kingdorn Generally Accepted Accounting Practic¢). The law applicable to charities in England and Wales, the Charities Act 2011, Charity (AOUnts and Reports) Regulations 2008 and the PTovisions of the trust deed requxres the truslecs lo prepaTe financial statements for each fancial year which give a Irue and fair view of the state of affairs of the charity and of the incoming resources and application of resouTCCS, including the income and expenditure, of the chariiy for that period. ID preparing those financial statements. the trustees are qll]red to select suitsble accounting wlicies and then apply them consistently. observe the methods and principles in the Charity SORP; make judgements and estimates that are reasonable ]d pnmlent, stste whether applicable accounling standards have been followed, subject to any material departures disclosed and explain¢d in the financial statcments; prcpare the financial statements on the goi1 concern basis unle&8 it is inappropriate to presume that the charity will coT]tinue in business. The trustces are responsible for keeping proper accounting Tecords whiLh disclose wlth TOnable accuracy at any time the fjnancial p)sition of tbe charity and to enable them to ensure that thc financial statements comply with the Charitie8 Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of thc trust deed (Governing document). They arc al80 resTM)nsible for safeguarding the ass¢ts of the charity and hence for taking reasonable steps for the prevention and deicction ot Jiaud and other iC%u1ar2ties. Approved by order otthc board of tNstees on 31 January 2026 and signed on its behalf by.. Mrs Amcrdip S&mrd - Trustee
Indq)endent auditor's report to the trSteeS of Coventy Panahghar Project Report on the audit of finaneial statements Opinion We have audited the financial statements of CoveTTrty Panahghar Project (the 'charity') for the year ended 31 March 2025 which comprise the Slalement of Financial Activities, the Balance Sh¢et and notes to the financial statements, including a summary of significant accounting policies. The fmancial reporting framework ihat h&s been applied in their preparation is applicable law and United Kingdom Acwunting Standards (United Kingdom G¢n¢rdlly ALcepted Accounting Practice). This report is made solely to the charity's trustees, as a kndy, in aOrd¢¢ with Section 144 of the Charities Acl 2011 and regulations made under Section 154 of that Act. Our audit work has been undertaken so that we might stale lo the charity's trustees those matters we are required to state to Ihem in an auditors, report and for no other PUTpose. To the fullcsl cxient pemiitted by law, we do not accept or assume responsibilty to anyone other than the charity and the chariLy'8 trustees as a body, for our audit wolk, for this report. or for the opinions we have fonned. In our opinion the fmancial ststements: givc a true and fair view of the staic of the charity's affatrs as at 31 March 2025 and of its incoming resources and appllcation of resources for the year then ended; have been propeTly prepared in accordance with United Kingdi)m Generdlly Accept¢d Accounting Practice: and have been prepared in awordance with th¢ r¢quirements of the Charities Act 2011. Basis for opinioD We ¢onducted our audit in accordance WAth Internationa] Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibAlitie$ under those Standards are further described in the AudiloTS responsibilities for thc audit of the financial statements scction of our report. Independence Wc are independent of the charily in accordance with the ethical requirements that are relcvant to our audit of thc fanCIal statements in the LfK, including the FRC'S Ethical sLdard, and we have fulfillcd our other ethical responsibilities in accordance with these rcquirements. We believe the audit evidence we have obtaineAI is sufficient and appropriale io provide a basis for our opinion. Conclusions relating to going concern We have nothing to report in resw of the following matters in relation lo which the ISAS (UK) require us to report to you where.. the trustees, use of the going concern basis of ac¢ouDting in the preparation of the fmancial statemcnts is not appropriate. or the trustees have not disclosed in the financial statements any identified matcrial uTJcertainties thal may cast significant doubt about thc charity's ability to Continue to adopt the going concern basis of accounting for a riIKI of at I¢t twelve months from the date when the fj11¢laI statements are authorised for issue. However, because not all the tUre events or condilions can be predicte(L this statement is not a guarantee as to the Charity's ability to continue as going concern. Reporting on other information The tnjstees are responsible for the other inforniatiffl. The otber inforn]ation comprises the inforniation included in the annual repor¢ other thall the financial statements and our Rert of the tndependent AuditOTS thereon. Our opinion on the financial ststements does not cover the other infimation and we do not express any forni of assurance conclusion thereon. tn connection with our audit of the financial statemettts. our resp)nsibility is to read the other inforniation and. in doing so, Consider whether the other infoTmation is malerially inconsistent with the financial statements or our knowledge obtained in the audit OT othenvisc appears to be materially misstated. If, based on the work we have perforn]ed. we conclude that there is a material misstaternent of this other inforniation, we are required to report that fact. We have nothing to retM)rt in this regard. io
Independent auditor's report to the trleeS of Coventy Panahghar Project Responsibilities for the financial statements and the audit Responslbllldes oflhe trusleesfor thefinanelal stulements As explain more llY in the Trustees Responsibiltlies StatemenL the InteeS are responsible for the preparatFon of the financial statements which give a true aDd fair view. and for such internal control as the InceS deterniine is ncccssary to enable the PTepardtion of financial st8ments that are free from material misstatemcllL whether due to fraud or empr. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue a going concern, disclosing, as applicable. matters related to going concern and using th¢ going conc¢rn basis of accounling unless the trustees either intend to liquidate the chariiy or lo C¢ operatlOD& or have no r¢alistic altcrnative but to do so. Audl¢ors' pespon,slbllitiesfor the audll ofthejlnanelalstalements We have been appointed as auditor under section 151 of the Charllies Act 2011 and report in accordance with the regulations made under 8tIOn 154 of that ACL Our objectives are to obtsin re&sonable assurance about whether the financial statements as a whole are free from material misstatemenL whethcr due to fiiud or em>r. and to issue an Independent Auditors, report that includes our opinion. Reasonable assurancc is a high level of assurance. but is not a guarantec that an audit conducted in accordance with ISAS (UK) will always dclccl a malerial misststement when it exists. Missiatements can arise from fraud or ettor aDd arc considered material if. individually or in the aggregyate, they could rL'&(ab]Y b¢ ¢xp¢ct¢d lo influence the economic decistons of users taken on the basis of these financial statements. A further description of our responsibilities for the audil of the finan¢ial statements is located on the Financial Reporting Council's website at is 11.14 1 i'L.Ill"' .Iik.;' This description fonns part of our auditors, report. Use ofikis reporl This report is made solcly to the charity's trustees. 48 a body, in accordance with regulations Tnade under section 154 of thc Charities Act 201 l. Our audit work has been undertaken so that we might state to thc charity's trustees those malters we are required to slate to them in audilor's report and for no other purpose. To the fullcst extent perniitted by law, we do not accept or &ssume responsibility io anyone other than thc charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we havc fornied. Othcr matters on which we are required to report Charltles Act 2011 exeeptlon reporting We have nothing to report in respe¢t of the following matters where the Charitie$ Act 2011 rcquires us to report to you if, in our opinion: the inforniation given in the Report of the Thistees is inconsistent in any rnaterial respect with the financial ¥taternents' or sutTicient accounting records have not been kept. or Ihc financial statements are not in weement with thc aLcounting rewrds and TetUTns' or we have not received all the infornlation and explanations we require for our audit. Arnistrongs Accountancy Ltd Chartered Accountants and Statutory Auditor Eligible to act as an auditor in ternis ofscction 1212 of the L'ompanies Act 2(K)6 1 &2 Mercia Village Torw(x)d Close Wcstwood Business Park Coventry West Midlands CV4 8HX Date: 31 January 2026
COVENTRY PANAHGHAR PROJECT STATEMEIYT OF FINANCIAL ACTIVITIE THE YE ED31 CH 202 2025 Total funds 2024 Total funds Unrestricted fimd Restricled fund Notes tNCOME AND EI¥DOWMENfs FROM Donations and legacies 1.694 1694 2,793 Ch8ritable aclivities Community SUPPOrt services Sheltered supported accommodation 798,427 922,444 1,720,871 1,624,016 tnvestTnenl income Other income 3.342 3,342 4,553 Total 803 463 922,444 1725 907 1636 907 ExpeDdilure on charithblc activities Conununily support services Sheltered supp)rted accommodation 309.002 719,018 320,187 542 914 629,189 J 261932 494,895 1437.451 Total 1028 020 863 101 891121 1932 346 NFT IThCOMEI(EXPENDITURE) (224,557) 59,343 (165,214) (295,439) RECC)NCLLLATION OF FUNDS 'I'otsl funds brought forward 298,155 510,469 808.624 1,104,063 TOTAL FUNDS CARRIED FORWARD 73,598 569 812 808 624 12
COVENTRY P AHGHAR PROJECT BALANCE SHEETS T31 CH 202 Note 2025 Group 2025 Charity 2024 Group 2024 Charity FIXED ASSETS Tangible assets 13 337.748 337,748 347,143 347,143 347,143 337,748 344.057 347,143 CURRENT ASSETS Debtors: amounts falling due within one year C&sh at Bank and in hand 14 219,319 231,809 298,860 306.161 183,438 181,789 326,545 325,877 402,757 413.598 625.405 632,038 CREDITORS: Amounts falling due within one year 15 (97.095) (54.571) (163,924) (121,897) NET CURRENT ASSETS 305,662 359.027 461,481 510,141 TOTAL ASSETS LESS CURRELYT LIABILITJES 643.410 696,775 808,624 857,284 NFT ASSETS 643,410 696,775 808,624 857,284 FUNDS Restricted fidS Unrestrict¢d funds 18 569,812 73,598 569,812 126,963 510,469 298,155 510,469 346,815 TOTAL FUNDS 643,410 696,775 808.624 857,284 Th¢ financial stat¢mcnts wcrc appmved by the Board of Trustees on 31 January 2026 and were signed on its behalf by: Mr8 Amerdip Samrd Trnstee J3
COVENTRY PANAHGHAR PROJECT CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notes Cash flows from operating activities Cash generated from operations 146 450) 196,567) Net c&sh US in operating activities 146.450 196 567) Ca$h flows from investing activilies Purchase of tangibl¢ fjxed assets Interest reLeived (17,001) Net cash provided by/(used ill) investing activities 3.342 12 448) Change in eash and cash equlvalents in the reporting period Cash and cash equivalents at the beglnning of the reportin% perlod (143,108) (209,015) 326 545 535 560 Cash and cash equlvAlents at the end or the reportlng period 183 438 326 545 14
COVENTRY PANAHGKAR PROJECT NOTES TO THE CASH FLOW STATEMEwr FOR THE YEAR ENDED 31 IWCH 2025 RECONCILIATION OF NET EXPENDITURE TO NFT CASH FLOW FROM OPERATIIYG ACTlVtTIES 2025 2024 Net expenditure for the reporting perlod (as p¢r tbe Statement of Finncl1 Activities) Adjustments for: DeprcLiation charges Interesl received Decre in debtors (Decre&se)/increase in creditors (165214) (295.439} 9,394 (3,342) 79,541 13,915 (4,553} 25,375 Nel cash used In op¢rAtions 146 450 196 567) ANALYSIS OF CASH AND CASH EQUIVALENTS 2025 2024 Cash in hand Nottce deposits (less than 3 months) Overdrafts included in bank loans and overdrafts falling due within one year 2,149 576.445 395 156 1.068 529,630 204 153) 'I'otal $h and cash equivalents 183 438 326 545 ANALYSIS OF CHANGES IN NET FUNDS At 1.4.24 Cash flow At 31.3.25 Net c8Jh C&sh &t bank and in hand Bank overdraft 530,698 204 152) 47.896 191004) 578,594 395 156 326 546 143 108) 183 438 Total 326 546 143 108) 183438 15
OVENTRY PANAHGHAR PROJECT NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THF YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES General information snd basis of preparation Coventy Pallahghar project is a registered charlty. The principal place of business is given in the charity infornlation on page 4 of th¢se fmancial ststements. The nature of thc charity's operations and principal activitie5 are provided on Wdge l. The financial statements of the charity, which is a public benefit entity under FRS 102. have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to ch<WitTes preparing their accounts in accordance with ihe Flnancial Reporting Standard applicable in th¢ UK and Republic of Ireland (FRS 102) (effective l January 20J 9), Financial Rcporting Standard 102 "11]e Financial Reporting Standard iipplicable in Ihc and Republic of Ireland,, the Charities Act 201 l and UK Generally Accepted Practice as it applies from l January 2019. The financial staternents are prepared on a going concern basis UT]der the historical cost convention, modified to include certain items at fair value. The fmancial slatements are presented in sterling which is the fimctional currency of the charity. The fmancial slalernents have been prepared on a going concern basis as the trustees believe that no material uncertaintics exist. The trustees have considered the level of funds held and the expccted level of income and cxpenditure for 12 months from authorising these financial statements. The budgeted income and expenditure are sufficient with the level of reseTV¢S for the charity to be able to continue as a going concern. The signifi¢ant accounting policies applied in the prepatation of these fanCIal statements are set out below. These policies have been consistently applicd to all years presented unle8s otherwise stated. Basis of cun5011d8tlon These financial statements consolidate the reyult4 assets and liabilities of the Coventy Panahghar Project and 118 wholly owned subsidiary Panahghar Safe Howc Limited on a line-by-linc basis. No separate Slalcrnent of Financial Activities or Income & Expcnditure Account is presenlcd for the Charity. The charity has gross income of £1,725,907 [2024.. £1,636,907] and net deficit of £165,2 L4 [2024 £295.439]. Incoming resourees All incoming resources are included in the Statement of Financia] Activities (SOFA) when the charity is legally entitled to the income after any perforniance conditions have been met, the amount ¢an be meured reliably, and it is probable that the Ancome will be re¢eived. For donations to be recognised the charily will have been notified of the wnounts and thc scltlement date in writin& If there are Conditions attached to the donation and this requires a level of perforniance before entitlement can be obtained thcn income is deferred until tho.se condition5 are fLdly mel or the fulfilment of thosc conditions is within thc control of the charity and it is probable that they will be fvifilled. Donated facilities and donated professional services are recolised in income at their fair value whcn their economic benefit is probable, it can be measured reliably and the charity has control over the item. Fair value is deterniined on the basis of the value of the gift to the charity. For example, the amount thc charity would be willing to pay in the open market for such facililio8 services. A corresponding amount is recognised in cxpenditure. Income from trading activities includes income earned from fundraising events and trading activities to raise funds for the charity. Income is received in exchange for supplying goods and service8 in order to raise funds and is recognised when entitlement has occurred, Investment income is earned through holding assets for invastment purposes such as shares and property. It includes dividends. interest and rent. Where it is not practicable to identify investsnent managemcnt costs in¢uryed within a scheme with reasonable accuracy the investment income is Ported net of these costs. It is included when the amount can be rneasured reliably. Interest inconle is recognised using the effeclive int¢re5t method and dividend and rent income is re¢ognised as the charity's right to receive payment is established. 16
COVENTRY PANAHGHAR PROJECT NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS CH2 ACCOUNT]NG POLICIES- Continued Fund accounting UnrestriLted funds consist of funds which the charity may se for general pryses at the Tn, discretion: tbis includes designated fijnds which are designated for specific purposes. Restricted fimds represent income contributions which ar¢ allocated to a particular purpose in accordancc with the donor's wishes. All investment income, gains and losses are allocated to apyopriate funds. Re50ur¢ed expended All th¢ expenditure is accounted for on accrual b&sis. Liabilities are recognised as resources expended as soon as there is a legal constructive obligatiOT] committing the charity to the expenditure. Overheads and other costs not directly attributable to particular functional activity categories are apportioned over the relevant categories on the basis of management estimates of the amount attributable to that activity in the year either by reference to staff time or space occupic4 &8 appropriate. Governance costs are those incurred in Connecti with administration, strategic planning for the futu external audit and all the cosls of Lomplying with ¢onstiNtional and statutory requiremen14 such as the costs of Board and Committee m¢etings and of preparing.8latutory ac¢ounts and satisfying public accountsbility. Tanglbl¢ fixed assets Depreciation is provided at tbe following annual raies in order to write off each asset over its estimated useful life. Freehold property Office equipment Furnithre, rtureS & fittings Computer equipment - nol provided - 33 % on reducing balance - 33Vo on reducing balance - 330/0 on reducing balance InvestmeDts Fixed asset invc8tments are valued at CO less provision for impairnient. as Ihese $¢t$ are not readily sal¢able and a reliable markel value is not readily ascertainable. Debtors and creditors recelvablelpgyable wllhSn one year Debtors and creditors with no slated interest rate and reccivable or payabl¢ within one year are recorded at trans&ction price. Any losses arising from impairment are recognised in expenditur¢. i0$1ng eommitmeDts Rcntals paid under operating leases are charged to the statemenl of fjnancial artivities on a straight-line basls over thc period ofthe lease. Provisions Provisions are recognised when the charity has a present aDd l¢gal or construclive obligation as a result of a past evenl, it is probable that a transfer of ccon<)mic benefit will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation. Taxation Coventy Palldhgt Project, as a registered charity, is exempt from tatIon on its income and gains falling within section 505 of the 'faxe5 Act 1988 or Section 256 of the T&xatton of Chargeable Gain Act 1992 to the extenl that they are applied to its charitable objectives. No t&Y charge has arisen in the year. Pension scheme The charity operates a defjned contribution pslon scheme. Contributions payable to the charity's pension scheme arc charged to the Statement of Financial Activities in the period to which they relate. 17
COVEP4TRY PANAHGHAR PROJECT NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS THE YE ED31 VOLUNTARY INCOME 2025 2024 Donations & gift aid INCOME FROM SUBSIDIARY TRADINC ACTfviTIFS Coventy Panahghar Project owns Panabghar Safe House Limited (A Company Limited by Guarantse). The results for the year, as extracted from the audited fmancial statements are summarised below: 2025 2024 Turnover & other income Administrative expenses including gift aid Retained profit/(loss) (4,705) (4,429) Nel Current asscL8 and shareholders fLd 48,660 18
2025 2024 Deposit account interest Interest received of £3,342 (2024: £4,553) includes interest rellved by Panahghar Safe House of £NIL (2024: £Nil) INCOMING RESOURCES FROM CHARITABLE ACTIVITIES 2025 2024 Grants Rent receivable Grant Income Activftty Community support seryjces Sheltered supported accommodation Sheltered supported accommodation 798,427 922,444 747,899 876,117 1720,871 1624 016 COSTS OF FUNDRAISINC CHARITABLF ACTIVITIES 2024 2024 Lcgal & professional Bank charges 2.995 135 2,796 133 CHARITABLE ACTIVITIES COSTS Grant funding of activities (see note Direct Costs (see note 7) Support cogts (see note 9) 8) Totsls Communily support services Sheltered supportcd accommodation 563,837 .155 510 60,647 16,179 624,484 63,507 46S GRANTS. PAYABLE 2025 2024 Community support services Sbeltered supported ac¢ommod*ioD 47,000 16.179 19
COVENTRY PANAHCHAR PROJEcr NOTES TO THE FINANCIAL STATEMENTS - Continued DE CH2 DtRECT COSTS OF CHARITABLE ACTIVITIFS 2025 2024 Staff costs Other opernting leases Rates and water Insurance Light and heat Telephone Postage and stationery Events & seminars Sundries Repair & maintenance Cleaning & decordting Travel & sub818tence Tv & entertainment Training costs Professional fecs 917,084 328,005 44,286 77,823 79.584 15,763 3,102 932,445 351,613 53,185 78,666 85,942 16.243 2.048 11 4,336 2,037 116,175 84.262 13,134 2,764 10,918 20,074 10.172 537 154,707 38,552 11,783 2,429 2,845 23,011 1719.347 1764 178 SUPPORT COSTS Governance costs Managemenl Finance 'I'otals Community support services Sheltered supported accommodation 58.956 459 2,807 62.222 111596 152 465 Support costs, included in the above, are as follows: 2025 2024 CoTnmunity support services Shelter supported accommodatlon Total activities Total activities Wages Social security Pensions In.8UTanc¢ Light and heat "relephone Computer costs Sundries Bank charges Auditors, remunerdtion (Group) Depreciation of tangible fixed &8sets Accountancy & bookkeeping Legal and professional fees 40.941 2,0(X) 5,049 723 4,292 25,733 2,833 12,010 42,941 5,049 723 4,292 25,733 2,833 30,025 277 182 1,575 9,396 10,520 19,839 5,186 1,929 23,019 2,154 14.788 18,015 277 182 119 1,500 13,914 10.746 1,575 9,396 11.545 (1,025) 60,647 152,465 118239 20
COVENTRY PAFIAHGHAR PROJECT NOTES TO THE CONSOLIDATED FINANCIAL STATEMEN]S R THE YEAR ENDED 31 MARCH 2024 io. COMPARATJVES FOR THE STATEMEIYT OF FINANCIAL ACTtvtTIFS CHARITY Unrestricted fund Restrictsd fid Total funds INCOME Donations and legacies Charitable actlvities Community supw)rt services Sheltered supported accommodation 1,694 1,694 31,724 766,703 31,724 1,689,147 922,44 tnvestment income Totsl 803,463 922,444 1,725,907 EXPFNDITURE Charitsble attivities Community support servicc8 Sheltered support¢d a¢¢onunodation 304.297 719,018 320,187 542,914 624,484 1,261,932 Total 1,023,315 863,101 1,886,416 NET INCOMEI(EXPF.NDITURE) (219,852) 59,343 (160,509) RECONCILIATION OF FUNDS Total funds brought forward 346,815 510,469 857,284 TOTAL FUNDS CARRIED FORWARD 569 812 696 775 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other bcnefits for the year ended 31 March2025 nor for the year ended 31 March 2024. Trnstees, Expenses There were no tStees, expenses paid for Ihe year ¢nded 31 March 2025 nor for th¢ ycar ended 31 March 2024. 21
COVENTRY PANAHCHAR PROJE NOTES TO THE CONSOLtDATED FINANCIAL STA TFMENTS 12. STAFF COSTS Total staff costs for tb¢ y¢aT for Coventy Panahghar Project and Panahghar Safe Hous¢ Ltd were as follows: GROUP 2025 CHARITY 2025 2024 2024 Wages and salaries Social security costs Other pension costs 863,753 54,411 47,633 857,918 75,558 23,994 863,753 54,411 47.633 857,918 75,558 23,994 965,797 957.470 965,797 957,470 The averdge monthly number of employees during the year was 37 (2024: 38) and there were no cmployees with emoluments excecding £60.0(M) during the current or prior perio 13. TANGIBLE FIXED ASSETS CHARITY Trurnilurc, fixtures & fittings Freehold property Officc equipmenl Computer equipment 'rotals COST At l April 2024 Additions 318,895 48,061 157,491 110,815 635,262 At 31 March 2024 318 895 157491 110815 635 262 DEPRECIATION At l April 2024 Charge for year 37,933 141,392 108,794 653 288,119 At 31 March 2025 146 758 297 514 NET BOOK VALUE Al 31 March 2025 318 895 337 748 At 31 March 2024 318 895 347 143 22
COVENTRY PANAHGHAR PROJECT NOTES TO THE CONSOLIDATED FINANCIAL STATFMENTS YEAR E 14. DEBTORS: AMOUNTS FALLING DUE wrrHllY ONE YEAR GROUP 2025 CHARITY 2025 2024 2024 Trade debtors Other debtors Amounts owed by group undertakings 204,496 14,823 289,418 9,442 204,496 16.820 10,493 289,418 7,301 9,442 219.319 298,860 231,809 306,161 15. CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR GROUP 2025 CHARITY 2025 2024 2024 .1 rade CTreditors 'I"axalion and social security Accruals and deferred income 11,221 4,320 106,356 39,463 57,632 32.390 131,534 5.035 49.536 97.095 163,924 54,571 121,897 16. ANALYSIS OF GROUP NFT A&SETS BETWEEN FUNDS 2025 Total funds 2024 Total funds Unrestricted fund8 Restricted funds Fixed assets Current assets Current liabilitie$ 337,748 402,757 97.095 337,748 402,757 347,143 625,405 163 924) fA3,410 643,410 808,624 23
COVENTRY PANAHGIIAR PROJECT OTES TO THE CONSOLIDATED FINANCIAL STATEmEr 31 MAR 17. MOVEMENT IN GROUP FUNDS Net movement in fulld5 At 1.4.24 At31.3.25 Unrestricted fundJT C'oventry Panahghar Project-General funds Panahghar Safe House Ltd- Trading subsidiary 346,815 48.660) (219.852) {4,705) 126,963 (53 365) Total Unrestrlet¢d funds 298,155 (224.557) 73.598 Restricted funds Coventy Pandhgrhar Project-Designat¢d fimds 510,469 59,343 569,812 TOTAL FULYDS 808 624 165 14 643 410 Net movement in funds, included in the abov¢ are as follows: Incoming resources Resources expended Movement in funds Unrutrleted funds Coventry Pandhghar Project-Gencral funds Panahghar Safe House Ltd- .1 rading Subsidiary 803,463 (1.023,315) (219,852) Totsl unrestricted funds 803,463 (1,028.020) (224,557) Restrleted funds Coventy Panahghar Project-Designated funds 922,444 (863,101) 59,343 TOTAL FUNDS 1725 907 (1891 121) 165 i& COMMITMENTS CHARITY 2025 2025 2024 2024 At 31 March 2025, non-cancellable lease conmnitrnent for properties 175.977 287,646 175.977 287,646 Lease agreements are subject to three months, notice. 19. RELATED PARTY TRANSACTIONS The charity has taken advantage of exemption. under the temjs of Tr'inanci Reporting Siandard I02 'The l¢inancial Reporting Standard applicable in the UK and Republic ofireland,. not to disclose related party transactions with wholly owned subsidiaries within the group. 24