ELECTRONIC IMMIGRATION NETWORK COMPANY REGISTRATION NUMBER: 3273715 England CHARITY REGISTRATION NUMBER: 1059147 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023
ELECTRONIC IMMIGRATION NETWORK FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 ST DECEMBER 2023 INDEX PAGE TRUSTEES, ANNUAL REPORT INDEPENDENT EXAMINER'S REPORT STATEMENT OF FINANCIAL ACTIVITIES BALANCE SHEET STATEMENT OF CASH FLOWS 10-16 NOTES TO THE ACCOUNTS
Report of the trustees for.the year ended 31" December 2023 The trustees present their annual directors, report and financial statements of the charity for the year ended 31" December 2023 which are also prepared to meet the requirement5 for a directors, report and accounts for Companies Act purposes. The finanti31 statements comply with the Charities Act 2011, the Com panies Act 2006, the M emorandum and Article5 of Association, and the 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 IFRS 1021 (effective I January 20191. Reference and admlnlstratlve Information Charity Name.. ELECTRONIC IMMIGRATION NETWORK Charity Number.. 1059147 Company Number.. 3273715 (England) Dlrectors and trustee5 The directors of the charitable company (the charity) are its trustee5 for the purpose of charity law. The trustees a nd officers serving during the year and since the year end were as follows.. Key management personnel; Trustees and Dlrectors Gary Mclndoe Chair of Trustees Denise McDowell Geoffrey Care Andrew Jones Rheb3 Glazier Adam Pipe lappointed 2. December 20231 Offlce manager Alex Ross Registered Offlce Office 116 Re8US St. JamesTower 7 Charlotte Street Manchester Ml 4DZ Independent Examiners Community Accountancy Service Limited The Grange. Pilgrim Drive Beswick Manchester MII 3TQ Bankers
Co-operative Bank plc, PO Box 101, Balloon Street, Manchester, M60 4EP Shawbrook Bank Ltd, Lutea House, Warley Business Park, The Drive, Great Warley, Brentwood, Essex CM13 3B8 Objectives and activitie5 The purposes of the cha rity are to advance the education of the public by the improvement and diffusion of knowledge a nd information about all aspects of imm igration, nationality and refugee law and practice. El N is dedicated to the empowerment and support of organisations and individuals whose purpose is to provide advice and support to immigrants and asylum seekers by publishing electronic information on migration issues for effective representation, education and debate. The trustees confirm that they have referred to the Charity Comm ission's guldance on publ ic benefit when reviewing the Charity's aims and objectives, in planni ng future activities, and setti ng its policies forthe year. The charity furthers its charitable purposes for the public benef it by providlng access to the latest case law, country information, legislation and other resources on one site either free, or to subscribers at a n affordable price. This information is vital to those providing advlce and representation on immigration, asylum and human rights cases, including appeals. The section of the website for non-subscrlbers is open to everyone and provides bespoke resources such as the Best Practlce Guide to asylum appeals,. latest news and opportunlties to advertise forthcoming events and training opportunities. EIN also provides practitioner5 Wlth a directory of country experts which has been compiled over the last ten years and 15 widely valued by practitioners and academics. Structure, governance and management EIN is a company limited by Euarantee governed by its Articles of Association dated 10 October 2011. It was registered as a charity with the Charity Commission on 12, November 1996. th Appolntment of trustees As set out in the Articles o.f Association one third of the trustees shall retire by rotation. Those retiring by rotation shall be those who have been longest in office, and may offer themselves for re- election. Trustee Inductlon and trainlng Trustees may be drawn from rnember organisations and are fam i l iar with the work of the charitable com pany. Trustees receive an induction pack upon election to the Board. The Charity Comm ission's pack for trustee5 15 sent to new Trustees. Organisatlon The board of trustees administers the charity. El N has a voluntary Board of Trustees, elected, nominated or co-opted and may be up to 15 individuals. Trustees may be representatives of member organisations or individuals and can co-opt up to 5 more Trustees at the AGM or from time to time as required provided that the total number of co-opted Trustees does not exceed one third
of the total. Trustees meet a minimum of once a qua rter, with an annual strategy meeting. Trustees are responsible for the strategic direction and policies of the charitable company. A scheme of delegation is in place and day to day responsibility for the provision of services rests with the Chief Executive. A review of our achievements and performance The year saw further primary legislation in the form of the Illegal M igration Act 2023, and numerous cha nges to Imm igration Rules affecti ng all aspects of immigration and asyl um practice. The need for the affordable, comprehensive resources that EIN provides is more acute than ever. Our Legal Director Marianne Nienhuis and Office Manager Alex Ross continue to manage and develop our activities in pursuance of El N's charitable objectives. I would again like to pay particular tribute to the tireless work John Kelly undertakes for the site. Its relevance is second to none because of John's dlligence and skill. We have welcomed a new trustee-Adarn Pipe, a barrister at No 8 Chambers in Birmingham- and look forward to working with him in the future. On the members, site, our body of case law remains im pressive and up to date, benefiting f rom the search engine's ability to highl ight sim ilar cases, and f rom the headnotes written by Mark Symes of Garden Court Chambers, to whom we remain grateful. The Best Practice Guide to Asylum and Human Rights Appeals was again updated in 2023. We are grateful to Alison Pickup, Monika Nollet, Rowena Moffatt and Mark Henderson for their commitment to this online publication whlch is highly valued by practitioners. We would like once again to thank Claire Bates and Kate Hardma n for their work at our office in Manchester. Flnanclal revlew Our main income continues to be generated from the subscriptions paid by our members. Our pricing structure was updated during 2023 to take account of inflation. The site continues to be popular within the sector for advertising job opportunities at re350nable rates. The experts, directory also brings in a further modest income. EIN finances remain stable and viable, we have managed to increase our total reserves during this f inancial year. Total income in the year increased by £17,297 to £219,068 and expenses increased by £17,177 to £200,607 leaving a surplus of £18,461.
Investment powers and policy The trustees, having regard to the liquidity requirements of operating the charity, have kept available f unds in interest-bearing deposit account5. Reserves policy and going concern The balance held in unrestricted reserves at 31" December 2023 was £179,703 of which £179,392 are free reserve5, after allowing for funds tied up in tangi ble fixed assets. The trustees aim to maintain free reserves in unrestricted f unds at a level which equates to approximately six months of unrestricted charitable expenditure and still be able to offer statutory redundancy should the Charity cease to operate for any reason. We calculate that this would equate to approximately £100,500 at current levels of activitv. Havi ng regard to the reserves and the budget the trustees consider that the charity is a going concern. Rlsk management The trustees have reviewed and exam ined the major strate8ic, business and operational risks which the charity faces and confirm that Systems have been established to enable regular reports to be produced 50 that necessary steps can be taken to lessen these risks. Systems of internal control have been instituted to provide reasonable, but not absolute, assurance against material mis-statement or loss and to ensure that the assets are safegua rded against unauthorised use. This i ncludes the creation of a strategic plan for the charity, the setting of annual budgets and quarterly reportlng of finances to the Trustees. Plans for Future Perlods Governance of the cha rity continues to be strong, and the Trustees are pleased at the way our Legal Director and Office Manager work together In complementing roles. Both have shown tremendous drive in their respective roles, and are developing a programme of website and outreach developments that will ensure EIN continues to thrive. Related partles and co-operatlon wlth other organisatlons None of ou r trustees receive remuneration or other benefit from their work with the charity. Any connection between a trustee or senior manager with any service providers must be disc105ed to the f ull board of trustees in the same way as any other contractual relationship with a related pa rty. Note 17 refers to tra nsactions reported in the current year. Trustees, responsibllltles in relation to the financlal statements The charity trustees (who are also the directors of Electronic Immigration Network for the purposes of company lawl are responsible for preparing a trustees, annual report and financial statements in accorda nce 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 applicatlon of resources, including the income and expenditure, of the charitable company for that period, In preparing the financial statements, the trustees are required to: Select suitable accounting prlnclples and then apply them consistently. Observe the methods and principles in the applicable Charities SORP,. Make judgments and estimates that are reasonable and prudent,. State whether applicable accounting stsndards have been followed, subject to any materlal departures that must be disclosed and explained in the financial statements,, Prepare the financial statements on a going concern basls unless it Is appropriate to presume that the charity will continue in business, The trustees are responsible for keeping proper accounting records that dlsclose 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 responslble for safeguarding the assets of the charity and taking reasonable steps for the prevention and detectlon of fraud and other Irregularitles. 8y order of the board of trustees ndoe Trustee Date.. 4June 2024
INDEPENDENT EXAMINER)S REPORT TO THE TRUSTEES OF ELECTRONIC IMMIGRATION NETWORK I report on the accounts of the company for the Year Ended 31, Deceinber 2023, which are set out on pages 7 to 16. Respective responsibilities of trustees and examiner The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The charity is required by company law to prepare accrued accounts and l am qualified to undertake the exainination by being a qualified member of The Institute of Chaitered Accountants in England and Wales. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent exainination, it is Iny responsibi lity to: examine the accounts under section 145 of the 201 l Act to follow the procedures laid down in the general Directions given by the Charity Commission'under section 145(b) of the 2011 Act. and to state whether particular malters have coine to my attention. Ba.f4is of independent examiner's report My examination was carricd out in accordance with the general Directions given by the Charity Cominission. An examination includes a review of the accounting reLords kept by the charity and a comparison of the account.s presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as tru.8tees concerning any such niatters. The procedures undertaken d onol provide all the evidence that would be required in an audit and consequently no opinion is given as to wheiher the accoiints present a 'trLie and fair view, and the report is limited to those Inatters set out in the statement below. Independent examiner s statement In connection with my examination, no matter ha.8 come to my attention: (l) which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with section 386 of the Cnmpanies Act 2006; and to prepare accounts which accord with the accounting records, coinply with the accounting requirements of section 396 of the Companies Act 2006, and with the methods and principles of the Statement of Recommended Practice.. Accounting and Reporting by Charities have not been met. or (2) to which, in my opinion, attention sholild be drawn in order to enable a proper understandin of the accounts to be reached. EL Anderson MA FCA CTA Community Accountancy Service Ltd The Grange, Pilgriin Drive Beswick, Manchester, M I13TQ th Date: 4 June 2024
ELECTRONIC IMMIGRATION NETWORK STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 (incorporating Income and Expenditure Account) Restricted Funds 2023 Unrestricted Funds 2023 2023 2022 Notes INCOME FROM: Charitable Activities Other Trading Activities Investment Income TOTAL 202,876 14,535 1,657 219,068 202.876 14,535 1,657 219,068 187,456 13,945 370 201,771 EXPENDITURE ON: Raising Funds Other Charitable Activities 5,760 194.847 5,760 194,847 6,593 176,837 TOTAL 200,607 200,607 183,430 NET MOVEMENT IN FUNDS 18,461 18,461 18,341 RECONCILIATION OF FUNDS Total funds brought fornard 161,242 161,242 142,901 TOTAL FUNDS CARRIED FORWARD 179.703 179,703 161,242 The statement of financial activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing activities. The notes on pages 10 to 16 fom part of these accounts.
ELECTRONIC IMMIGRATION NETWORK Reg Co No 3273715 BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 Notes FIXED ASSETS Tangible Assets 311 1,157 CURRENT ASSETS Debtors Cash at Bank & in Hand 10 20,982 183,904 14,967 169,694 204,886 184,661 LIABILITIES: Creditors. Amounts falling due within one year 25 494 NET CURRENT ASSETS 179,392 160,085 TOTAL NET ASSETS 179,703 161,242 THE FUNDS OF THE CHARITY.. Restricted Income Funds Unrestricted Income Funds 14 14 179703 179 703 161,242 161 242 For the year ending 31 st December 2023 the company was entitled to the exemptlon from audit under section 477 of the Companies Act 2006 relating lo small companies. The members have not required the company lo obtain an audit of its accounts for the period in question in a¢¢ordance with section 476, The directors acknowledge their responsibilities for complying with the requirernents of the Act with respect to accounting reccrds and the preparation of accounts. These accounts have been prepared in aGcordance with the provisions applicable to companies subject lo the small companies, regime. Approved on behalf of the Company's Board of Trustees.. Trustee Denise McDowell Trustee Gary Mclndoe Date.. 4th June 2024 The notes on pages 10 to 16 form part ofthese accounts.
ELECTRONIC IMMIGRATION NETWORK STATEMENT OF CASH FLOWS FOR THE YEAR ENDING 31ST DECEMBER 2023 Notes 2023 2022 RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES Net movement in funds Add back. depreciation Deduct investment income Decreasellincreasel in debtors Increaselldecrease) in ¢dItorS 18,461 646 11,6571 16.0151 918 18.341 845 (370} {4,939) {3,576) Net cash used in oporatlng activities 12,553 10,301 Cash flows from Investment aGtlvSties'. Interest Purchase of fixed assets Nat cash provided by Investing actlvlties 1,657 370 931 {561} 1,657 Increasel(decreasel in cash and cash equivalents during Ihe year 14,210 9,740 Cash and cash equivalents brought forward 169,694 159,954 Cash and cash equlvalents Garriod fonAiard 183,904 169,694
ELECTRONIC IMMIGRATION NETWORK 10 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 1. ACCOUNTING POLICIES {al Basls of preparation and assessment of going concern The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost cr transaction value unless otherwise ststed the relevant notes to these accounts. The financial statements have been prepared in accordance with the Slatement of Recommended Practice." Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued January 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland {FRS 102) and the Charities Act 2011. The charity constitutes a.public benefit entity as defined by FRS 102, The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. (bl Funds structure Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor or trust deed, There are no restricted funds at the year end. Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects Unrestricted funds include designated funds where the trustees, at their discretion have creat8d a fund for a specific purpose. Further details of each fund are disclosed in note 13. (cl Income recognltion All income is reGognised once the charity has entitlement to the incorne, it is probable that the income will be received and the amount of income receivable can be measured reliably. Donations are recognised when the charity has been notified in writing of both thè amount and settlement date In the event that a donation is Subject lo conditions that require a level of performance before the Gharity is entitled to the funds, the income is deferred and not re¢ognis8d until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that those conditions will be fulfilled in the reporting period, Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity. thi¥ is normally upon notification of the interest paid or payable by the bank. (dl Exppndlture Recognition Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, il is probable that settlement will be required and the amount of the obligation can be measured reliably. A11 expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated or apportioned to the applicable expenditure headings. For more information on this attribution refer to note lfj below. (el Irrecoverable VAT Irrecoverable VAT is charged against the expenditure heading for which it was incurred. In Allocation of support and governance costs Support costs have been allocated between governance costs and other support costs. Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs include costs related lo independent examination and legal fees together with an apportionment of overhead and support costs. Governance costs and support costs relating to charitable activities have been apportioned based on staff time and facilities used in each activity. The allocation of support'and governance costs is analysed in note 6.
ELECTRONIC IMMIGRATION NETWORK 11 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 (g) Charitable Activities Costs of charitable activities include governance costs and an apportionment of support costs as shown in Note 5. (h) Tangibl8 fixed assets and depreciation Fixed assets are included in the accounts at net book value. Additions of a single item or a group of similar assets exceeding £500, are capitalised at cost (valuation for donated assets). Depreciation is provided to write off the cost less the estimated residual value of tangible fixed assets over their estimated useful lives as follows:_ Computer Equipment 33.330k on cost Furniture & Equipment 33.330/0 on cost Website development costs are charged against expenditure as incurred. (i) Taxatlon The organisation is exempt from income tax by reason of its charitable status. Income tax suffered on investment income is reclaimed in full. The Charity is registered for VAT. ti) Pension8 The charity currently administers contributions to a pension schemes on behalf of indlviduals. The charity offers a¢¢ess lo a defined contribution (stakeholder) pension scheme, Contributions are charged to the income and expenditure account when incurred. The charity has no liability beyond making its contributions and paying across the deductions for the employèe's contributions. (kl Conting8nt liabilities A contingent liability is idenlified and disclosed for those transactions resulting from a possible obligation which will only be confirmed by the occurrence of one or more uncertain future events not wholly within the trustees, control, 111 Debtors Trade and other debtors are recognised at settlem8nt amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
ELECTRONIC IMMIGRATION NETWORK 12 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 (ml Creditors and Provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a pa¢ event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. 2 INCOMING FROM CHARITABLE ACTIVITIES Unrestricted Restrictad Totsl 2023 EIN IHJT Joint Membership EIN Only Membership 186,497 16,379 202 876 186,497 202,876 Previous Year.. Unrestricted R88trlcted Total 2022 EIN IHJT Joint Membership EIN Only Membership 171,261 16,195 187 456 171,261 18,195 187,456 3 INCOME FROM TRADING ACTIVITIES Unrestricted Restricted Total 2023 Websile Advertising Experts Directory HJT Only Membership 3,705 7,795 3035 3,705 7,795 3,035 14,535 Previous Year.. Unrestrlcted Restricted Totsl 2022 Website Advertlsing Experts Directory HJT Only Membership 4,400 5,995 3,550 13,945 4,400 5,995 3,550 13,945 4 EXPENDITURE ON RAISING FUNDS 2023 2022 Salaries and Wages Support Costs 2,953 2,807 3,786 2,807 All unrestricted.
ELECTRONIC IMMIGRATION NETWORK 13 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 Information Sgrvices 5 EXPENDITURE ON CHARITABLE ACTIVITIES Costs directly allocated to activities Salaries and Wages Pension Costs Staff Travel & Subsistence Other Staff Expenses Guides & Information Publications & Subscriptions Database & Vvebsite Indexing, Scanning & Editing Website Costs Consultancy HJT Database Fees Support Costs Governance Costs 2023 2022 55,493 4,734 214 35 10,600 333 55,493 4,734 214 35 10,600 333 50,686 4,357 658 50 5,000 36 5,050 4,246 12,333 64.269 31,265 6,275 194,847 5,050 4,246 12.333 64,269 31,265 6,275 194,847 3.300 10.341 11,175 60,107 25,260 5,887 176,837 Restricted Unrestricted 194,847 194,847 194,847 194,847 176,837 176,837 6 ALLOCATION OF GOVERNANCE AND SUPPORT COSTS The breakdown of support cost5 and how these were allocated between governance and other support costs is shown below.. 89$is OF Apportionment Goneral Support Governan¢o Total 2023 Total 2022 Salaries and Wages Staff Training Telephone & Internet IT & Computer Maintenance Payroll Charges Printing,Stationery & Pcslage Insurance Rent Sundries Depreciation Bad Debts Minor Equipment Credit Card Charges Trustee Meetings & Travel AccountsnGy Bank Charges st•ff TIM8 17,901 115 310 343 494 114 837 9,600 50 846 3,007 3,159 21,060 115 310 343 494 114 837 9,600 50 846 3,007 18,157 Str8ff firn S18Mfime 100 334 512 123 733 9,383 170 845 (1731 S18MTim• si8ff Tim• 518ff Time Staff TtsT8 SlaMfifft8 Slam Time StAff Time Sl8trY Time Slaff Time Govfjman¢o 455 455 1,100 1,945 71 40,347 592 993 2,080 70 33,934 1,100 1,945 71 6,275 Govem8nce 34,072 Unrestrided 34,072 6,275 40,347 33,934
ELECTRONIC IMMIGRATION NETWORK 14 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 7 ANALYSIS OF STAFF COSTS 2023 2022 Salaries and wages Social security costs Pensions 78,898 608 4,734 84,240 71,801 3,344 1,841 76,986 No employee received remuneration of more then £60,000. The charity employed 4 people during the year on a part time basis. The average number of employees during the year, calculated on the basis of full time equivalents was as follows.. Number SeNices Number The charity considers its key management personnel comprises the trustees and office manager Total employment benefits, inc5uding employer pension contribulions of key management personnel were £19,843 (2022 £18,749). 8 INDEPENDENT EXAMINER FEES 2023 2022 Independent Examination Fees Other financial services 990 1,449 990 1,602 2,592 9 TANGIBLE FIXED ASSETS Furniture & Computer Equipment Equipment Total COST At 1 January 2023 Additions Disposals At 31 December 2023 410 6,410 6,820 410 6,820 DEPRECIATION At 1 January 2023 Charge for Year Disposals At 31 December 2023 410 5,253 846 5,663 846 410 8,099 6,509 NET BOOK VALUE At 31 December 2023 At 31 DeGember 2022 311 1,157 311 1,157 10 DEBTORS 2023 2022 Trade Debtors Other Debtars Prepayments 16,827 1,444 2,711 20 982 11,068 1,444 2,457 14,967 Debtors and prepayments related to unrestricted funds in both 2023 and 2022.
ELECTRONIC IMMIGRATION NETWORK 16 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 11 LIABILITIES.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Other Creditors Taxation & Social Security Costs Deferred Income AGGrua15 1,484 3,371 10,638 10,001 25,494 2,212 3,677 8,626 10,081 24,576 Creditors and accruals relate to unrestricted funds both in 2023 and 2022. DEFERRED INCOME Deferred income comprises membership fees in advance. Balance as al 1st January Amount deferred in year Amount released in year Balance as al 31st December 8,626 10,638 8,865 8,626 10,638 8,626 12 TRUSTEES, EXPENSES No remuneration ha5 been paid or is due to be paid to any of thè trustees in respect of the period, No reimbursement of expenses has been made or is due to be made to any of the trustees in respect of the period. 13 ANALYSIS OF CHARITABLE FUNDS At 1stJan 2023 Incomlng Resources Resources Expended Transfor8 At318t Dec 2023 Unrestricted Funds.. General 161,242 161242 219.068 219068 200 607 200 607 179 703 179 703 At1stJan 2022 Incoming Resources Resources Expended Transfers At 31st Dec 2022 Unrestricted Funds.. General 142,901 201,771 (183.430) 161,242 142 901 201 771 183.430 161,242 14 ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrostricted Restricted Funds Funds Total 2023 Total 2022 Tangible Fixed Assets Cash at Bank & in Hand Net Current Assets (Liabilities) 311 183,904 311 183,904 4,512 179,703 1,157 169,694 9,809 161,242 179,703 Previous Year 161,242 161,242
ELECTRONIC IMMIGRATION NETWORK 16 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 15 CONTINGENT LIABILITIES There were no contingent liabilities at 31 st December 2023 (none for 2022). 16 CONTROL OF THE COMPANY Control of the Gompany lies wilh the volunteer trustees named on Page 1 . 17 RELATED PARTIES Trustee Andrew Jones is a director of Hillier, Jones & Teale Ltd. Jones & Teale Ltd. HJT Ltd. is a commercial company providing complementary database services with EIN '. EIN administer the collection of fees on their behalf. Details of the transactions can be found on the SOFA and in Noles 2 and 5. John Kelly is a director of HJT Ltd. He provide5 sofvare support to EIN as an independent contractor. 18 FINANCIAL INSTRUMENTS The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic fsnancial instruments are initially recognised on a transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at an amortised cost using the effective interest method.