Company registration number: 03894990 Charity registration number: 1078794
## Suffolk Refugee Support
(A company limited by guarantee)
Annual Report and Financial Statements for the Year Ended 31 March 2024
Community Accounting Plus Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL
## **Suffolk Refugee Support**
## **Contents**
|Reference and Administrative Details|1|
|---|---|
|Trustees' Report|2 to 6|
|Independent Examiner's Report|7|
|Statement of Financial Activities|8 to 9|
|Balance Sheet|10|
|Statement of Cash Flows|11|
|Notes to the Financial Statements|12 to 21|
## **Suffolk Refugee Support**
## **Reference and Administrative Details**
**Trustees** Felicity Szesnat, Chair of Trustees Gerry Toplis Keith Faull Stuart Gordon, Honorary Treasurer Paul Reeves Olena Kushakovska James Wellesley Wesley **Senior Management Team** Rebecca Crerar, Charity Manager **Charity Registration Number** 1078794 **Company Registration Number** 03894990 **Registered Office** 38 St Matthews Street Ipswich Suffolk IP1 3EP **Independent Examiner** John O'Brien, employee of Community Accounting Plus Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL
Page 1
## **Suffolk Refugee Support**
## **Trustees' Report**
The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 March 2024.
## **Trustees and officers**
The trustees and officers serving during the year and since the year end were as follows:
Trustees: Felicity Szesnat, Chair of Trustees Gerry Toplis Keith Faull Stuart Gordon, Honorary Treasurer Paul Reeves Olena Kushakovska (appointed 19 October 2023) James Wellesley Wesley (appointed 18 April 2024) William Atkins (resigned 26 September 2023) Amelia Whitworth (resigned 26 September 2023) Mary Engleheart (resigned 20 July 2023)
## **Structure, governance and management**
## _**Nature of governing document**_
The charity is a company limited by guarantee and registered charity. It is operated under the rules of its memorandum and articles of association dated 7/10/1999 and most recently amended 11/10/2012. It has no share capital and the liability of each member in the event of winding-up is limited to £1.
## _**Recruitment and appointment of trustees**_
The Directors of the Company are also charity Trustees for the purposes of charity law. The Trustees are elected by members, with a third of the Board required to stand for re-election each year at the AGM.
The Trustees do not derive any financial benefits from the charity.
Dr Felicity Szesnat was re-elected as the Chair of the Board of Trustees in October 2023, and Gerry Toplis was re-elected Vice-Chair. At the same meeting, Stuart Gordon was elected Honorary Treasurer, and Paul Reeves was elected Honorary Secretary. The Board would like to thank the out-going Honorary Treasurer, Keith Faull, for his work in this role. Since October 2023, two new Trustees have been co-opted by the Board to the Board: Olena Kushakovska and James Wellesley Wesley, bringing the total number of Board members to seven.
There are regular Trustee recruitment drives, which balance the frequency of those drives with the expertise required and workload demands.
Page 2
## **Suffolk Refugee Support**
## **Trustees' Report**
## _**Induction and training of trustees**_
Anyone interested in becoming a Trustee must complete an application form and is considered by the full Board for interview. If the Board is content to proceed, a selection panel consisting of at least three Trustees is constituted. If the candidate is successful at interview, they are invited to attend a Board meeting and, if the other Trustees are content, and the candidate remains willing to serve, they are co-opted until the next AGM. At the AGM, members vote to elect co-opted Trustees onto the Board. Trustees are given a formal induction and receive a Trustees’ Handbook, which provides a history of the charity, its funding arrangements, its activities, and the responsibilities of Trustees, as well as a copy of the Memorandum and Articles. They are also sign-posted to the Charity Commission’s “The Essential Trustee”. Newly appointed Trustees are also provided with a mentor – this is one of the more experienced Trustees, who will meet with the new Trustee on a regular basis for as long as is deemed helpful.
Many of the Trustees are already involved in, or become involved in, other voluntary work for SRS, such as meeting and helping the service users and staff.
## **Objectives and activities**
## _**Objects and aims**_
Our charitable objectives require us to provide services to asylum seekers and refugees to support them in the process of having their legal right to protection recognised, and in having access to the same life opportunities as do other people living in the UK. Our activities, taken as a whole, deliver public benefit by supporting vulnerable new arrivals to successfully integrate into the Suffolk community, and lead a life they consider worthwhile.
Our client database, which records every client advice contact made , revealed that SRS helped a record 1,537 clients between April 2023 and end of March 2024. This was consistent with the previous year and was double the number for 2021-22. This figure does not include family members of the individuals helped.
SRS is working to a Strategic Plan, which includes a new seventh strategic aim introduced this year: To ensure that SRS is an organisation that values its people and enables them to effectively carry out their role.
Alongside these aims are the following operating principles:
- We are driven by a recognition that each person is unique, that every individual has intrinsic value and has a
- constructive role to play in UK society.
- We are always open, friendly, and welcoming.
- We are respectful, reliable, honest and transparent in all our dealings with one another and with others.
- We direct all of our efforts towards self-determination and ultimate independence for our clients.
- Our work is always led by the needs and interests of our clients.
- At all times we work in ways that ensure the all-round safety and security of our clients and everyone who works
- for SRS.
- We always work to the highest standards, keeping ourselves fully informed and knowledgeable about every sphere of our work.
These aims and operating principles, which the Board reviews and develops on a regular basis, are foundational to shaping SRS’ overall action plan for the coming and future years.
Page 3
## **Suffolk Refugee Support**
## **Trustees' Report**
## _**Objectives, strategies and activities**_
Changes to refugee demographic and numbers in Suffolk
2023-24 marked a time of even more change for SRS, as the 400 asylum seekers accommodated in two local “contingency hotels” were moved to housing elsewhere in the country towards the end of the year. Quite a few received Leave to Remain when the hotels scheme ended, leaving them struggling to find places to live. SRS advocated strongly for several families, with children in GCSE years, to be permitted to remain in Ipswich to avoid disruption to their education.
Ukrainian refugee numbers in Suffolk stabilised at around 1,100, with around 500 living with hosts and the others moving into independent living. The resettlement programme welcomed and supported ten newly arrived Afghan refugee families, one family from Syria, as well as continuing to support 22 families who had arrived in the previous three years. Alongside these new arrivals, SRS also supported around 100 young asylum seekers (without families in the UK), families awaiting asylum decisions in 12 Home Office provided properties in Ipswich, and an estimated 2,500 refugee clients with Leave to Remain who are living in Suffolk.
## Our activities and services
During 2023-24, we continued to provide the following much-needed services for asylum seekers and refugees in Suffolk:
- An appointment-based advice service, from our town centre office, which provides a huge range of advice areas.
- The advice service also liaises with and advises key statutory and voluntary bodies.
- Outreach advice service to the asylum contingency hotels.
- A stand-alone employment advice service under the same roof as the advice service and on location across Suffolk.
- Resettlement support for integrating refugees who have arrived under the UK Resettlement Schemes including
- outreach across Suffolk.
- Weekly ESOL (English for Speakers of Other Languages) classes at all levels (leading to a qualification), both
- from a town centre location and classes in both asylum hotels.
- Weekly international Women’s Group (with ESOL element) from town centre location and via Zoom.
- Weekly Homework Club and Youth Group for 14 -18-year-old asylum seekers and refugees, who are mainly in the UK without families.
- Weekly football and other sports and fitness sessions for refugees and asylum seekers.
- One to one volunteer support (face to face and via Zoom) for a range of help, particularly ESOL / academic
- support.
• Weekly sewing group for refugee women.
- Clothing for newly arrived asylum seekers; both new (underwear, socks and basic t-shirt/trousers) and donated
- (everything else).
- Help with buying essential items such as school uniforms and baby items.
- Help with sourcing donated laptops and baby equipment.
- Help with transport costs to essential appointments.
- School holiday activities for children in refugee families.
This year clients came from 51 different countries (a rise of two from last year) with the largest numbers coming from Ukraine, Afghanistan, and Iraq (as per last year).
## _**Public benefit**_
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Page 4
## **Suffolk Refugee Support**
## **Trustees' Report**
## **Financial review**
In the year, SRS provided a broad range of services, utilising both grants and donations received. We also continued to receive contract funding from Suffolk County Council for working with resettled refugees. Costs have continued in line with budget and we are extremely appreciative of our funders and the numerous private supporters who have regularly donated towards our work. We thank them for their help and support.
At the March 2024 year-end, Reserves remain within our policy of retaining around 50% of running costs (see the reserves policy section below) to allow for confident planning for the subsequent year.
Our budget has grown from £739,000 in 2022-23 to £870,000 in 2023-24. Much of this was the result of increased funding for Ukraine work which included two new members of staff; the introduction of a paid receptionist (late 2022) and a trainee Advice Worker in June 2023. A cost of living pay increase of 6% paid to all staff and £20,000 budgeted to cover the costs of replacing our client database with a Charity Log system (that went live on 1st April 2024) also contributed to the rise in the 2023-24 budget.
The Finance Sub-Committee meets regularly to review our financial position, comparing the costs against internal budgets and forecasts. These reviews provide the Board of Trustees with a strong understanding of our finances, allowing controlled planning on how to proceed in delivering our objectives within our budgetary constraints.
The Board continues to have confidence in the internal controls, which ensure that SRS meets its obligations and ensures the longer-term stability of the charity.
Restatement of prior year. In the prior year an incorrect entry was raised at the year end. This entry was later voided but this was after the creation of the prior year accounts. Due to this, the prior year Cash and Bank was overstated by £34,371 and Expenses were understated by £34,371. The prior year balances have been corrected to reflect the correct position.
## _**Policy on reserves**_
We have adjusted our Reserves Policy during the year to account for the reduced need to retain six months running costs from the income received from contracts. We agreed to reduce the level of reserves for the contracted work to three months running costs whilst keeping the reserves levels for the rest of our work to ensure that we can continue to deliver our services for six months. We are confident that this action will continue to deliver a balance for the orderly and full winding down of some or all commitments if necessary. The Trustees have taken a strategic decision to use some of the restricted reserves in order to maintain continuity of services in an uncertain environment. Our unrestricted reserves at the end March 2024 stand at £434,199 which is in line with the above policy.
## **Plans for future periods**
## _**Aims and key objectives for future periods**_
We expect our future services to be very much in demand. To date, we are on track to remain financially secure for the current year (2024-5) and are now focussing on the task of securing funding for 2025-26 at current levels.
Page 5
## **Suffolk Refugee Support**
## **Trustees' Report**
## **Small companies provision statement**
This report has been prepared in accordance with the small companies regime under the Companies Act 2006.
## **Statement of Responsibilities**
The trustees (who are also the directors of Suffolk Refugee Support for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". The report and accounts have been prepared in accordance with the provisions in the Companies Act 2006 relating to small companies.
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
> The annual report was approved by the trustees of the charity on .................... and signed on its behalf by: 01/09/2024
......................................... Felicity Szesnat hil Chair of Trustees
Page 6
## **Suffolk Refugee Support**
## **Independent Examiner's Report to the trustees of Suffolk Refugee Support ('the Company')**
## **Independent examiner’s report to the trustees of Suffolk Refugee Support ('the Company')**
I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2024.
## **Responsibilities and basis of report**
As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner’s statement**
Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member and Fellow of the Association of Charity Independent Examiners, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
...................................... i John O'Brien MSc, FAIA, FCCA, FCIE, employee of Community Accounting Plus Fellow of the Association of Charity Independent Examiners
Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL
02/09/2024 Date:.............................
Page 7
## **Suffolk Refugee Support**
## **Statement of Financial Activities for the Year Ended 31 March 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)**
|**Note**
**Income and Endowments from:**
Donations and legacies
2
Charitable activities
3
Investment income
5
Total income
**Expenditure on:**
Charitable activities
6
Total expenditure
Net (expenditure)/income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
12|**Unrestricted**
**funds**
**£**
127,728
-
1,125
128,853
(231,971)
(231,971)
(103,118)
(103,118)
537,317
434,199|**Restricted**
**funds**
**£**
-
624,239
-
624,239
(638,036)
(638,036)
(13,797)
(13,797)
35,108
21,311|**Total**
**2024**
**£**
127,728
624,239
1,125
753,092
(870,007)
(870,007)
(116,915)
(116,915)
572,425
455,510|**Total**
**2023**
**£ (As restated)**
129,849
619,151
-|
|---|---|---|---|---|
|||||749,000|
|||||(739,533)|
|||||(739,533)|
|||||9,467|
|||||9,467
562,958|
|||||572,425|
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for the period is shown in note 12.
The notes on pages 12 to 21 form an integral part of these financial statements. Page 8
## **Suffolk Refugee Support**
## **Statement of Financial Activities for the Year Ended 31 March 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)**
**These are the figures for the previous accounting period 2022/23 and are included for comparative purposes**
|**Note**
**Income and Endowments from:**
Donations and legacies
2
Charitable activities
3
Total income
**Expenditure on:**
Charitable activities
6
Total expenditure
Net income/(expenditure)
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
12|**Unrestricted**
**funds**
**£**
129,849
2,761
132,610
(63,093)
(63,093)
69,517
69,517
467,800
537,317|**Restricted**
**funds**
**£**
-
616,390
616,390
(676,440)
(676,440)
(60,050)
(60,050)
95,158
35,108|**Total**
**2023**
**£ (As restated)**
129,849
619,151|
|---|---|---|---|
||||749,000|
||||(739,533)|
||||(739,533)|
||||9,467|
||||9,467
562,958|
||||572,425|
The notes on pages 12 to 21 form an integral part of these financial statements. Page 9
## **Suffolk Refugee Support**
## **(Registration number: 03894990) Balance Sheet as at 31 March 2024**
|||**2024**|**2023**|
|---|---|---|---|
||**Note**|**£**|**£ (As restated)**|
|**Current assets**||||
|Debtors|8|80,000|91,766|
|Cash at bank and in hand|9|382,415|487,099|
|||462,415|578,865|
|**Creditors: Amounts falling due within one year**|10|(6,905)|(6,440)|
|**Net assets**||455,510|572,425|
|**Funds of the charity:**||||
|**Restricted income funds**||||
|Restricted funds|12|21,311|35,108|
|**Unrestricted income funds**||||
|Unrestricted funds||434,199|537,317|
|**Total funds**|12|455,510|572,425|
For the financial year ending 31 March 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
## Directors' responsibilities:
- The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
- Type text here
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
01/09/2024
The financial statements on pages 8 to 21 were approved by the trustees, and authorised for issue on .................... and signed on their behalf by:
**----- Start of picture text -----**
......................................... LY \
Stuart Gordon
Honorary Treasurer
**----- End of picture text -----**
The notes on pages 12 to 21 form an integral part of these financial statements.
Page 10
## **Suffolk Refugee Support**
## **Statement of Cash Flows for the Year Ended 31 March 2024**
|**Note**
**Cash flows from operating activities**
Net cash (expenditure)/income
**Adjustments to cash flows from non-cash items**
Investment income
5
**Working capital adjustments**
Decrease in debtors
8
Increase/(decrease) in creditors
10
Net cash flows from operating activities
**Cash flows from investing activities**
Interest receivable and similar income
5
Net (decrease)/increase in cash and cash equivalents
Cash and cash equivalents at 1 April
Cash and cash equivalents at 31 March
**Reconciliation of net cash flow to movement in net funds**
(Decrease)/increase in cash
Net funds at 1 April 2023
Net funds at 31 March 2024|**2024**
**£**
(116,915)
(1,125)
(118,040)
11,766
465
(105,809)
1,125
(104,684)
487,099
382,415
(104,684)
487,099
382,415|**(As restated)**
**2023**
**£**
9,467
-|
|---|---|---|
|||9,467
48,161
(43,933)|
|||13,695
-|
|||13,695
473,404|
|||487,099|
|||13,695
473,404|
|||487,099|
All of the cash flows are derived from continuing operations during the above two periods.
The notes on pages 12 to 21 form an integral part of these financial statements. Page 11
## **Suffolk Refugee Support**
## **Notes to the Financial Statements for the Year Ended 31 March 2024**
## **1 Accounting policies**
## **Summary of significant accounting policies and key accounting estimates**
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
## **Statement of compliance**
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
## **Basis of preparation**
Suffolk Refugee Support meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
## **Going concern**
The financial statements have been prepared on a going concern basis.
The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements.
## **Income and endowments**
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
## _**Donations and legacies**_
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised 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 these conditions will be fulfilled in the reporting period.
Legacy gifts are recognised on a case by case basis following the grant of probate when the administrator/executor for the estate has communicated in writing both the amount and settlement date. In the event that the gift is in the form of an asset other than cash or a financial asset traded on a recognised stock exchange, recognition is subject to the value of the gift being reliably measurable with a degree of reasonable accuracy and the title to the asset having been transferred to the charity.
Page 12
## **Suffolk Refugee Support**
## **Notes to the Financial Statements for the Year Ended 31 March 2024**
## _**Grants receivable**_
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
## _**Investment income**_
Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.
## **Expenditure**
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
## _**Charitable activities**_
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## **Government grants**
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.
## **Taxation**
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## **Depreciation and amortisation**
Depreciation is provided on tangible fixed assets costing over £500 so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
**Asset class Depreciation method and rate** Furniture & equipment 20% straight line
Page 13
## **Suffolk Refugee Support**
## **Notes to the Financial Statements for the Year Ended 31 March 2024**
## **Trade debtors**
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
## **Trade creditors**
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
## **Fund structure**
Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.
Restricted income funds are those grants for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
## **Pensions and other post retirement obligations**
The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Page 14
## **Suffolk Refugee Support**
## **Notes to the Financial Statements for the Year Ended 31 March 2024**
## **2 Income from donations and legacies**
|**Unrestricted**
**funds**
**General**
**£**
Donations and legacies;
Donations from individuals
62,862
Legacies
32,248
Gift aid reclaimed
3,433
Grants, including capital grants;
Government grants
-
Grants from other charities
25,000
Grants from companies
4,185
127,728
**3**
**Income from charitable activities**
**Restricted**
**funds**
**£**
Grants & donations
624,239
Fees
-
624,239
**4**
**Grants & donations**
**Unrestricted**
**funds**
**£**
Suffolk County Council
-
National Lottery Community Fund
-
Donations from individuals
62,863
Garfield Weston
-
Suffolk Community Foundation
-
BBC Children in Need
-
Ipswich Borough Council
-
LD Rope Trust
20,000
Asylum Migration and Integration Funding (via EELGA)
-
Suffolk Police and Crime Commissioner (via SCF)
-
Tudor Trust
20,000
Limbourne Trust
-
Page 15|**Total**
**2024**
**£**
62,862
32,248
3,433
-
25,000
4,185
127,728
**Total**
**2024**
**£**
624,239
-
624,239
**Restricted**
**funds**
**£**
274,044
120,000
7,604
40,000
826
28,863
27,500
5,000
20,883
20,000
-
15,000|**Total**
**2023**
**£**
42,319
-
-
2,500
85,030
-|
|---|---|---|
|||129,849|
|||**Total**
**2023**
**£**
616,390
2,761|
|||619,151|
|||**Total**
**£**
274,044
120,000
70,467
40,000
826
28,863
27,500
25,000
20,883
20,000
20,000
15,000|
## **Suffolk Refugee Support**
## **Notes to the Financial Statements for the Year Ended 31 March 2024**
|**Unrestricted**
**funds**
**£**
Estate of M Cartwright
12,248
Mulberry Trust
-
Lovel Foundation
-
French Hugenot Church
-
High Sheriff Award
4,000
Community Ambition fund
-
Gift Aid
3,433
Building Better Opportunities Fund
-
Unity Schools
2,040
Culford School
1,144
PA Consulting
1,000
Surviving Winter Fund (via SCF)
1,000
Colchester & Ipswich Museums
-
Maurken Fund (via SCF)
-
Pear family (via SCF)
-
Hill family (via SCF)
-
Household Support Fund (via SCF)
-
Port Community Fund (via SCF)
-
Wellesley - Wesley (via SCF)
-
127,728
**5**
**Investment income**
**Unrestricted**
**funds**
**General**
**£**
Interest receivable and similar income;
Interest receivable on bank deposits
1,125
**6**
**Expenditure on charitable activities**
**Unrestricted**
**funds**
**Restricted**
**General**
**£**
**funds**
**£**
Communications
2,614
2,030
Insurance
2,401
-
IT support & data base
3,550
-
Legal & professional fees
5,833
-
Page 16|**Restricted**
**funds**
**£**
-
6,856
12,000
6,000
-
3,434
-
2,601
-
-
-
-
300
3,500
16,153
2,000
10,000
1,000
675
624,239
**Total**
**2024**
**£**
1,125
**Total**
**2024**
**£**
4,644
2,401
3,550
5,833|**Total**
**£**
12,248
6,856
12,000
6,000
4,000
3,434
3,433
2,601
2,040
1,144
1,000
1,000
300
3,500
16,153
2,000
10,000
1,000
675|
|---|---|---|
|||751,967|
|||**Total**
**2023**
**£**
-|
|||**Total**
**2023**
**£**
9,204
-
11,511
8,815|
## **Suffolk Refugee Support**
## **Notes to the Financial Statements for the Year Ended 31 March 2024**
|Office supplies
Printing & copying
Subscriptions
Client destitution & travel
Client IT
Client (other support)
English tuition
Health activities
Publicity
Sports & Health workshops
Resettlement support
Skills exchange
Staff & volunteer expenses
Translations
Volunteer costs
IT Office equipment & database
Sundry expenses
Premises costs
Salaries & pensions
Recruitment
Training & supervision
Women's group
Young People group and trips|**Unrestricted**
**funds**
**General**
**£**
2,030
2,609
49
1,368
-
43,899
2,778
-
1,072
1,489
13,548
3,215
2,164
3,463
4,420
16,697
-
25,928
85,797
1,075
4,598
1,374
-
231,971|**Restricted**
**funds**
**£**
-
-
-
5,000
-
-
-
1,072
-
1,500
-
300
-
-
-
-
-
6,482
612,368
-
-
3,800
5,484
638,036|**Total**
**2024**
**£**
2,030
2,609
49
6,368
-
43,899
2,778
1,072
1,072
2,989
13,548
3,515
2,164
3,463
4,420
16,697
-
32,410
698,165
1,075
4,598
5,174
5,484
870,007|**Total**
**2023**
**£**
3,959
3,566
794
12,734
2,640
31,859
524
447
-
2,252
4,437
1,866
1,190
7,669
382
-
4,485
10,827
604,403
999
3,590
5,891
5,489|
|---|---|---|---|---|
|||||739,533|
Page 17
## **Suffolk Refugee Support**
## **Notes to the Financial Statements for the Year Ended 31 March 2024**
## **7 Staff costs**
The aggregate payroll costs were as follows:
|**Staff costs during the year were:**
Wages and salaries
Social security costs
Pension costs|**2024**
**£**
644,056
34,161
19,948
698,165|**2023**
**£ (As restated)**
541,956
37,795
24,652|
|---|---|---|
|||604,403|
The monthly average number of persons (including senior management team) employed by the charity during the year was as follows:
|Average number of employees|**2024**
**No**
32|**2023**
**No**
32|
|---|---|---|
19 (2023 - 19) of the above employees participated in the Defined Contribution Pension Schemes.
Contributions to the employee pension schemes for the year totalled £19,948 (2023 - £24,652).
No employee received emoluments of more than £60,000 during the year.
The total employee benefits of the key management personnel of the charity were £36,404 (2023 - £34,470).
## **8 Debtors**
|**8**
**Debtors**|||
|---|---|---|
|Other debtors
**9**
**Cash and cash equivalents**
Cash on hand
Cash at bank|**2024**
**£**
80,000
**2024**
**£**
1,291
381,124
382,415|**2023**
**£**
91,766|
|||**2023**
**£ (As restated)**
813
486,286|
|||487,099|
Page 18
## **Suffolk Refugee Support**
## **Notes to the Financial Statements for the Year Ended 31 March 2024**
## **10 Creditors: amounts falling due within one year**
|Trade creditors
Other creditors|**2024**
**£**
6,905
-
6,905|**2023**
**£ (As restated)**
1,947
4,493|
|---|---|---|
|||6,440|
## **11 Charity status**
The charity is a company limited by guarantee and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.
## **12 Funds**
|**Unrestricted funds**
**_General_**
General fund
**Restricted funds**
Resettlement Work
BBO
Health Activities
Ukraine Fund
Youth Activities
Housing Advice
Advice Work
Hotels
**Total restricted funds**
**Total funds**|**Balance at 1**
**April 2023**
**£**
537,317
-
-
-
-
7,100
9,258
3,750
15,000
35,108
572,425|**Incoming**
**resources**
**£**
128,853
161,267
2,601
2,500
73,500
56,145
11,153
266,457
50,616
624,239
753,092|**Resources**
**expended**
**£**
(231,971)
(161,267)
(2,601)
(2,500)
(73,500)
(41,934)
(20,411)
(270,207)
(65,616)
(638,036)
(870,007)|**Balance at 31**
**March 2024**
**£**
434,199
-
-
-
-
21,311
-
-
-|
|---|---|---|---|---|
|||||21,311|
|||||455,510|
Page 19
## **Suffolk Refugee Support**
## **Notes to the Financial Statements for the Year Ended 31 March 2024**
|**Unrestricted funds**
**_General_**
General fund
**Restricted**
Resettlement Work
Health Activities
Ukraine Fund
Youth Activities
Housing Advice
Employment Support
Womens Groups
Advice Work
Hotels
**Total restricted funds**
**Total funds**|**Balance at 1**
**April 2022**
**£**
467,800
-
10,000
1,000
12,000
31,491
20,000
3,500
17,167
-
95,158
562,958|**Incoming**
**resources**
**£**
460,396
327,786
-
27,500
28,902
-
55,662
-
99,203
77,336
616,389
1,076,785|**Resources**
**expended**
**£**
(390,879)
(327,786)
(10,000)
(28,500)
(33,802)
(22,233)
(75,662)
(3,500)
(112,620)
(62,336)
(676,439)
(1,067,318)|**Balance at 31**
**March 2023**
**£**
537,317
-
-
-
7,100
9,258
-
-
3,750
15,000|
|---|---|---|---|---|
|||||35,108|
|||||572,425|
The specific purposes for which the funds are to be applied are as follows:
Resettlement - specialist casework for refugee families resettled to Suffolk under UK government schemes. BBO - promoting employability and social inclusion through the Building Better Opportunities Fund. Health - health and wellbeing advice, information and activities.
Ukraine - advice and guidance for Ukrainian refugees in Suffolk under UK government schemes. Youth work - advice, activities and educational support for young refugees and asylum seekers.
Housing work - a range of advice and guidance on housing options and issues, including move on advice for newly recognised refugees.
Advice work - a wide range of advice and guidance for refugees and asylum seekers, from financial wellbeing to accessing immigration legal advice.
Hotels work - advice and guidance for asylum seekers placed in asylum contingency hotels.
Page 20
## **Suffolk Refugee Support**
## **Notes to the Financial Statements for the Year Ended 31 March 2024**
## **13 Analysis of net assets between funds**
## **Unrestricted**
|Current assets
Current liabilities
Total net assets
Current assets
Current liabilities
Total net assets|**General**
**£**
441,104
(6,905)
434,199
**Unrestricted**
**General**
**£**
543,757
(6,440)
537,317|**Restricted**
**£**
21,311
-
21,311
**Restricted**
**£**
35,108
-
35,108|**2024**
**Total funds**
**£**
462,415
(6,905)|
|---|---|---|---|
||||455,510|
||||**2023**
**Total funds**
**£**
578,865
(6,440)|
||||572,425|
## **14 Fees payable to independent examiner**
During the period, the fees payable (excluding VAT) to the charity’s independent examiner Community Accounting Plus are analysed as follows:
|Plus are analysed as follows:|||
|---|---|---|
|Independent examination|**2024**
**£**
1,280
1,280|**2023**
**£**
1,155|
|||1,155|
## **15 Taxation**
The charity is a registered charity and is therefore exempt from taxation.
## **16 Trustees remuneration and expenses**
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
## **17 Related party transactions**
There were no related party transactions in the year.
Page 21