REGISTERED CHARITY NUMBER: 1086364 REPORT OF THE TRUSTEESAND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER2023 FOR DYNAMIC NEWANGLIAN NETWORKS
DYNAMIC NEW ANGLIAN NETWORKS CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023 Page Reference and Admlnlstratlve Details Reportof the Trustees 2to7 Independent Audltor's Report 8tolO Statement of Financlal Activitie5 li Balancesheet 12 Cash Flow Statement 13 Notesto the Cash Flowstatement 14 Notesto the Financial Statements 15to29 Detailed Statement of Flnanclal Actlvltles 30to31
DYNAMIC NEW ANGLZAN NETWORKS REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31ST DECEMBER 2023 TRUSTEES T Rose J Rassell The Venerable Ruth Janet Patten J Gibbons PRINCIPAL ADDRESS The Rectory 76 East Hill Colchester E55ex Col 2QW REGISTERED CHARITY NUMBER 1086364 INDEPENDENT AUDITOR Clemence Hoar Cummings Chartered Accountants Rlverside House 1-5 Como Street Romford Essex RM7 7DN PROJECTI AcfiviTY D N A NETWORKS CHURCH MINISTRY& MISSION Lead by Trustees D N A NETWORKS MANAGEMENT Mr Eddle Campbell Chlef Executive Officer for the Charity D N A NETWORKS FINANCE& ADMINISTRATION Mrs Simone Hilllard Dlrertorof Financeforthe Charltv SUPPORTI ADVICE MINISTRY& MISSION Bishop of Colchester - B15hops Mission order from Churchof England,Chelmsford Diocese INTEGRATION PROJEcr Partnersand Sponsors CommunityDept- Colchester Borough Coun¢ll Lead ManagerVPR Programme- Essexcounty Council BANKER5 BusinessBanking- H S B C Colchester
DYNAMIC NEW ANGLIAN NETWORKS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2023 The trustees present thelr report wlth the financlal statements of the Charlty for the year ended 31st December 2023, The trustees have adopted the provlsions of Accounting and Reportlng by Charltles: Statement of Recommended Practice applicable to charltles preparlng thelr accounts In accordance wlth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effectlve I January 2019). OBJECTIVES AND ACTIVITIES CHARITY OBJECTIVES l. To advance the Christian faith in accordance with the statement of beliefs in the United Kingdom and Sn such other parts of the world as the trustees may fiom time to time thlnk fit and to fulfil such other purposes which are exclusively charitable according to the law of England and Wales and are connected with the charitable work of the trust. 2. To relleve persons who are In condltlons of need or hardship or who are aged or sick and to relieve the distress caused thereby in the United Kingdom and such oiher parts of the world 3S the trustees may from tlrne-tTrtirnestate as belng worthy of support. The Charity pursues its objectives in three matn areas - Local Church, Overseas Misslon, Support of refugee lmlgrant Integratlon. Worklng with the Church of England - Chelmsford Diocese - and previously under a Bishop's Mlsslon Order, small Christian community ha5 been meetlng for the past 20 years. Led by the founders of the Charity- Davld and Janle Beales they ftrmly established the fellowship with number5 over the years r a n g i n g between lo and 60 to 70. They left in December 2017 to work on a new area of Pioneer Ministry within Essex, The Church has struggled to maintain a presence, despite the support of an Interlm Mlnister. After a time of reflection, it is hoped to regenerate the church presence wlth a more signlficant local partnershlp wlth a Mlnistry & Mlsslon Unit of South Colchester Deanery. The Trustee5 maintain support to advance thls t h e first objective of the Charlty. Over the years, leaders and people of calling have moved on from DNA Church. Many have added to and expanded local fellowships, and others have been drawn further afleld. The overseas work covers t h e near mlddle east and wlth two mlsslons In Thailand. Whlle support for the overseas work has stalled, we plan to provlde a refocus on the local church over the next f ive years. The major work In 2023 has been the continuing integration of migrants and fUgees. Alongslde the support of clients, Essex Integration also contlnued the contract wlth Essex County Councll and now also in conjunction with Colchester City Council to provide the 5UPPOrt and integratlon for an addltlonal 26 famllles 1137 indlvlduals) under the VPR refugee programme belng placed in the county of Essex. In 2021 the US and coalltlon forces withdrew from Afghanistan which led to the Taliban taking control and the Afghan Natlonal Army also withdrawing. In August 2021 an evacuatlon was undertaken to fly Brit15h nationals and Afghans out of Kabul airport and a resettlement scheme for a year was set up to resettle Afghanistan famille5. As at the end of December 2023 61 famllies (313 indlvlduals} (2022: 35 familles1185 individualsll have been resettled. The team at Essex Integration have worked together to make thls posslble. Community involvement in deliverin8 the integratlon programme now totals over 120 Individuals and several organlsations. The Integration Through Language programme is delivered online via zoom and slow return of face to face in the local scout rooms in Colchester. The Free School Uniform Project, which started in 2018, has contlnued to meet the Browing need with the free supply of school uniforms items. Centered in Colche5ter, the team and local volunteers supplied over 20,000 items, just over 3,000 more items during 2022. Thlsls partly due to five additional outlet5 in North Essex run by churches and communlty groups set up in Ihe prior year and also the cost-of-llvlng crlsis. The programme continues to reduce the number of school absences and enables physical activities. DEMONSTRATING PUBLIC BENEFIT The Trustees confirm that they have referred to the general guidance set out by the Charlty Commlsslon on publlc benefit, The Trustees are satisfled that Ihe Charlty's actlvities meet the principles of public benefit, defined as providing an identifiable benefivs to the publlc, or sectlon of the public, and know of no detrlment or harm that may be caused as a result of these activit5, which are clearly set throughout thi5 report.
DYNAMZC f4EW ANGLIAN NETWORKS REPORTOF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2023 OBJECTIVES AND AcfiviTIES Charity Objectives It is through this communlty involvement that the population of Essex has an opportunity to part Iclpate In supporting migrants and refugees in a very real and tangible way. The outcome Is long-term friendships as well as a sense of belonging for the clients but at the same time being able to be respected as comlngfrom differentcultures, beliefs, and backgrounds. ACHIEVEMENT AND PERFORMANCE CHURCH& FAITH The senior management team continued to meet regularly to pray, albeit not face to fate. OurlnB the year the Charity started looking at new fellowship Initlatives / association in order for outreach to be contlnued. It was declded that £10,000 be donated to Isaac Lasky, in order to carry out hls mlsslonary work In Thalland, £10,000 to Chrlstian Youth Outreath Colchester and £IO,OCK) to Open Doors to continue to support those in the Colchester area. INTEGRATION There was a further arrlval of 15 new farnllies throughout 2023 combined with the arrival of the 18 famllies In 2022 and 17 families in 2021 thls continues to Provide a considerable boost for the Essex Integratlon project and through thls the staff were able to work together to achieve a fantastic number of resettlements in this time. We continued to build on our previous experience to ensure that new arrlvals and exlsting clients are fully supported but maintaining the goal of integration In the community. We are also supporting a further 11 familles who are livlng In temporary accommodation, Due to the arrivals remaining similar to 2022 and with the support needed for those In temporary accomrnodatlon we have been able to retain our 5 full and 13 part-time staff members. At the end of the year, we had 7 Keyworker/lnterpreters, 3 on management team, 2 employment advlsors, 3 admlnlstrationlsuppoit workers and l ESOL/ ITL tutor. Unfortunately, the funding came to an end durln8 Summer 2023 for our mobile ESOL tutors. Across the keyworker/inteipreters we can fluently support. 5 mlddle eastern, 4 w e s t e r n languages and tO8etherwlth volunteer support a further3 languages. INTEGRATION EFFEcfivENESS acknowledged Periodic meeting5 With key service5 for individual clients are held to assess and pro8ress needs from central servlces, measurement of Integratlon support is reflected at these. Additionally, regular meetings and perlodlc performance reports are supplied to local authorities le.g.. Colchester Borough Counclll and a monthly performance and update report meetlng is held with Essex County Council. Twice a year outcome reports are made to the Home Office on the arrivals lor the last 12 months as well as reports on ESOL attendance and advancement. Internally we measure our support for the Integration given from a bespoke database. These records of SUPPOrt are given to each famity, the areas of support given, the actions the key worker has taken and outcomes. The compilatlon of this informatlon not only gives tlmeline5 but also demonstrates the extent of support (hours) each family has received, This provides feedback in negotlatlng support for future years funding for the programme. Our integratlon work has been further acknowledged locally (Local Authorities) county wide (ECC & Chelmsford Diocese) as well as by the Government {Home Off ice & Ministry of Defence}. The continuing arrlvals of families - all over Essex now; Wlvenhoe, Colchester, Maldon, Billericay, Epping, Waltham Abbey, Harlow, Stanstead Mountfitchet, Brightlingsea, Harwich and Chelmsford - bears testament to the work that Essex Integratlon are Involved with through the integratlon work of the two programmes. The use of Keyworkers continues to be a major element and the need for thelr Ilngui5tic capabilitie5. Each keyworker either has the language skills as a rnother tongue fora client being supported and has been trained In the key areas that clients require (benefits, housing advice, community) or ha5 the language support available to them either with an interpreter at a meeting etc. or our own phone line interpretation support {ma nned during the day at our office in Colche5ter. Time and again our participation in initiatives, multlagency meetings, and crisis SUPPQrt {relational, physical and mental health issues) has been commended and added more experlence In our knowledge of the integration work and all its complexities.
DYNAMIC NEW ANGLIAN NETWORKS REPORTOF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2023 THE FREE SCHOOL UNIFORM EXCHANGE project There are now 13 hubs from which clothing can be collected. In total 20,19612022.. 17,0001 items of clothing were distributed. Funding was also received which helped to cover the salary of the uniform manager and for winter coats and shoes.
DYNAMIC NEW ANGLIAN NETWORKS TRusfEE REPORT FOR THE YEAR ENDED 31ST DECEMBER 2023 FINANCIAL REVIEW FINANCIAL POSITIONDECEMBER2023 The overall income for the year was sllghtly lower than in 2022, The primarily reason for this was due to 3 resettlement scheme belng set up in the United Kingdom in August 2021 as the Taliban captured Kabul when coalition troops withdrew from Afghanistan. The greater part of the income remains to be for integration work12023,' 79%, 2022: 82%). It must be noted that we do not undertake significant fundraising activities. The Government VPR project is a service contract with E55ex County Councll and unrestricted. The VPR Service contract income is placement dependentand therefore provides no guaranteed Income. The rent income is from the support we arrange {throu8h private landlord renting) for clients and these monles are then reimbursed (to the landlord) and provides 3.2% (2022: 4.5%) of our Income. We are currently in the process of handlng over tenancy agreements directly to the families to aid with thelr independence. Each integration cllent Is 'fund accounted, rneanlng that all income and expenses Iwlth proportionate overheads) is attributed to the client and not only enables data for future use in the actual cost of Integration at the varlous stages of the programme but also provides accrual informatlon. The ot h e r projects of the Charlty (Church, ITL, Uniform Project) are also 'fund accounted, enabllng actual costs to be seen and help the Trustees decislonmaking on mlsslonand support. We were able to achleve a surplus of £113,467 (2022: £450,975), which enabled the charlty to start the new vear with a very firm base. Longer term plans look posltive after winning the Essex Councll Tender. However, delays In the system add to an air of uncertainty for arrivals. It must also be noted that a significant portion of the surplus is to payforfuturewages to fulfil the contract and a deslgnated reserve has been created to show thls. The salarles of senior management in the third sector are constantly under scrutlny. We strive to employ dedicated profe55ion31s whilst ensurlng a pay structure which Is fair, equltable and reflects the m Iss lon and values of the organlsatlon. For thi5 financial year, the ratio between the highest paid employee and the median FTE salary was 1,6.,1; higher than 2022 {1.4:11 our alm is to keep this ratlo below 3.1. We do not want a situatlon wheTe the leadershlp team are pald vastly different from the other team members. There Is no gender dlscrimination in remuneratlon for the same pay scale/Job desciiption. RESERVES POLICY Whilst a reserves policy was nominally in place uncertainty in fund levels make realisation of this difflcult to achleve. The reserves amount. whllst reviewed as to changing liabilities, is stlll a key part of the Charity's f inancial position and its abllity to deliver through its projects. The forecast for 202412025 reflects the need for cuts in expenditure as the Income stream changes. A major focus on grant applications wlll be made. There Is a materlal deslgnated fund of £792,991 whlch has been used to show the funds required to fulfil years 2 and 3 of the Afghanistan refugee programme and has been set aside to purchase a property. The income ha5 been received in advance to cover the staff salaries and it is therefore sensible to place the staff costs in a separate fund. As at 31 December 2023 the total amount of charitable funds was £842,269, of which £10,195 was restrlcted, £792,991 as designated for future wages and a property purchase with the balance of £39,083 being avallable as unrestricted funds to be used for charitable purposes as detalled below;
DYNAMIC NEW ANGLIAN NETWORKS TRUSTEE REPORT FOR THE YEAR ENDED 31ST DECEMBER 2023 Plans for 2025 Wlth projected Integration of 12 Afghanistan families in 2024, consolidate the projects support throughto end-2024with prudent expense management and the sourcingof grants for the projectsotherthan Essex Integration. Recrult and traln staff in areas of refugee integration sufficient to cope wlth the expected influx of new arrivals bl Malntainthe onslteauditand carry out furtherwork withinthe accounts department for continued transparency, procedural control and provide responsive management reports for all the Charity's projects, management team and the Trustees. dl Review of the organisation structure as we look forward to the future and the consideration of new / emerging projects Wlth item al a perlodlcally amended income forecast will be used to enable efficlent forecastlng of future income/expenditure and reserve5 provision. The forecast for December 2025 has been approved bythe trustee5.
DYNAMIC NEW ANGLIAN NETWORKS TRUSTEE REPORT FOR THE YEAR ENDED 31ST DECEMBER 2023 STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The charity is controlled by Its governing document, a deed of trust, and constitutes an unincorporated charlty. The nature of the governing document and how the charity {or trustee5) con5tltuted is as stated in the deed of trust dated 20 December2(K)O. Re¢rultment and appolntment of new trustees Appointment is to compliment and support existing trustees but with a view to bring the necessary skill sets to the Charityto help in the furtherance of its aims and benefits. Preliminary interview and approach by appointed trustee, formal meeting and then completlon of the appllcatlon form, references and agreement of dlscbsure agreement. Related partles Relatlonships wlth related parties and any other charlties and organisations with which It co-operates in the pursult of Its charitable objectives. Working with statutory bodies, NGO'S and other like-minded charitie5 through regularmeetings, seminarsand communicatlon on currentissuesorsupport. Rlsk management The major rlsk areas of safeguarding, finance control and outcomes provision are some of the a r e a s which the trustees revlewand proceduresare In placeto monltorthose rlsks. Approved b der of the board of trustees on and signed on Its b e h a If bv: T Rose -ChaSr of Trustees
DYNAMIC NEW ANGLIAN NETWORKS INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2023 Independent Audltor's Report to the Trustees of Dynamlc New Anglian Networks Oplnlon We have audited the financial statements of Dynamic New Anglian Networks (the'charity'l forthe year ended 31st December 2023 which comprise the Statement of Financial Act¢vitie5, the Balance Sheet, the Cash Flow Statement and Notes to the Financial Statements and notes to the financial statements, including SFgnificant accounting pollcles. The financial reporting framework that has been applied in their preparation is appllcable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standardopplicable in the UKand Republic of Irelt7nd (United Klngdorn Generally Accepted Accounting practi). In our opinion the financial statements: glve a true and fair viewof the state ofthe chariwsaffairs as at 31st December 2023, and of its incoming resources and application of resources, including its income and expenditure, forthe yearthen ended; have been property prepared in accordan with United Kingdom Generally Accepted Accounting Practice; and have been prepad In accordance wlth the requlrements of the Charities Act 2011. Basls for oplnlon We conducted our audit in accordance with Internati31 Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibiltties under those standards are further desc¥ibed in the Auditorfs responsibilitles for the audlt of the flnanclal statements section of our report. We are independent of the charlty In accordance with the ethical requirements that are relevant to our audit of the flnanclal statements in the UK, including the FRCS Ethlcal Standard, and we have fulfilled our other ethical responsibilities in accordance with these quIreMentS, We believe that the audlt evldence we have obtained is sufflent and appropTiate to provlde a basis for our opinion. Concluslons relatlng to golng concern In audltlng the financial statements, we have concluded that the trustees, use of the golng concern basls of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not Klentified any material uncertalntles relatln8 to events or conditlons that, individually or collectlvew, may cast Significant doubt on the charity's abiltty to contlnue as a golng concern for a perlod of at least twefve months from when the financial ststements are authorlsed for issue. Our responsibiltties and the responslbllttles of the trustees wlth respect to going concern are descrlbed In the relevant sertions of thls report. Other Infomatlon The other information comprlses the Informatlon Included in the trustee5 annual report , other than the financlal statements and our auditorfs report thereon. The trustees are responslble for the other Informatlon contained within the annual report . Our opinion on the financial staternents does not coverthe other information and, except to the exient otherwise expllcitly stated In our repo¢ we do not express any form of assurance concluslon thereon. Our responsibility is to read the other informatlon and, In doing so, consider whether the other Informatlon Is materially Inconsistent with the financial statements or our knowledge obtalned In the course of the audit or otheiSe appears to be materially mi55tated. If we Identlfy such material inconsistencies or apparent material mlsstatements, we are required to determine whether this gives rise to a material mlsststement in the financlal statements themselves. If, based on the work we have performed, we conclude that there is a material mi55tatement of this other Informatlon, we are required to report thatfact. We have nothing to report in this regard. Matters on whlch we are required to report by exceptlon We have nothlnE to report in respett of the following matters In relation to which the Charities (Accounts and Reports) Regulations 2(X18 require us to report to you rf, in our opinion.. the information given in the financial statements is inconsistent in any material respect wrth the tru5tees' report; or the charity has not kept adequate accounting records; or the financial statements are not in agreement with the accounting records and returns; or we have not received all the information and explanatlons we requlre for our audit.
DYNAMIC NEW ANGLIAN NETWORKS XNDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER2023 Responslbllltles of tiustees As explained more fully in the trustees, responsibilities, the Irustees are responslble for the preparation of the financlal statements and for being satisfied that they give a true and fairview, and for such internal control as the trustees determlne is necessary to enable the preparation of financial statements that a free from material mlsstatement, whether due to fraud orerror. In preparlng the financial statements, the trustees are responsible for assessing the charws abilty to continue as a going concern, d5sclosln& as appllcable, matters related to going conrn and using the going concern basb of accountlng unless the trustees either Intend to Ilquidate the charity orto cease operations, or have no reallstlc akernative but to do so. Auditorfs responslbllltles for the audlt of thefinandal statements We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance wlth regulatlons made undersection 154 of that Act. Ourobjectlves are to obtaln reasonable assuran about whether the financial statements as a whole are free from materSal mlsstatement, whether due to fraud orerror, andto issue an auditorf5 report that Includes our oplnron. Reasonable assurance Is a hlgh level of assuran, but Ss not a guarantee that an audit conducted in accordance with1SA5 {UK) will always detect a material misstatement when it exists. Mlsstatements can arlse from fraud or error and are consldered materlal If, Indivldualty or In the aggregate, theycould reasonably be expected to Influence the economlc declsbn5 of users taken on the basls of these financial ststements. Irregularltles, Including fraud, are instances of non<omplIae wlth la and regulatlons, We design procedures in line with our responslbllltles, outlined above, to detect materlal misstatements In respert of Irregularitles, includingfraud. The extent to which our procedures a capable of detecting Irregularities, Indudlng fraud 15 detailed below., We have obtained a detslled understanding of the Charity's Internal control systems and we have used the knowledge galned to identify any aieas of rlsk of mlsstatement or fraud. We have then desl8ned our audit tests In each area to Identlfy whether In respect of the transactlons we have selerted for testlng the relevant controls have operated as expected. We plan our work speciflcally to identlfy any areas where there Is a susceptibllity to fraud such as understatement of grant Income, or material rnisstatement such as understatement of accrued Income, then de5igD te5t5 to mltlgate this risk. Our work includes a test to galn assurance overthe completeness of Income by reviewlng the database of Indlvlduals asslsted and subsequent claims made on their behalf durlng the year, and ensurlng that the approprlate revenue has been recognlsed. As part of an audit In accordance with ISA5 (UK), we exerctse professional Judgment and malntsln professional sceptlcism throughout the audlt. We also.. Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, deslgn and perform audlt prOdureS responsive to those risk5, and obtaln audit evidence that Is 5ufficlent and approprlate to provide a basis for our oplnion. The risk of not detecting a materSal mi55tatement resultlng from fraud is higherthan for one resuking from error, as fraud may Involve collusion, forgery, Intentlonal omi55ions, misrepresentations, or the override of intemal control. ObtaSn an understanding of internal control relevant to the audit In order to design audit proCedUS that are approprlate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the charitrfs Internal control, Evaluate the approprlateness of accounting policles used and the reaSOnabnesS of accountlng estimates and related disclosures made by the trustees.
DYNAMIC NEW ANGLIAN NETWORKS INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES FOR THE YEARENDED 31ST OECEMBER 2023 Conclude onthe appropiiateness of the trusteeg useof the going concern basis of accountlng and, based oh the au(Itt dence obtalned, whether a materlal uncertalnty &xlsts relatedto events orconditions that may cast significantdoubton the charivs abilty to continue 45 a going cOnrn. If we conclude that a material uncertalnty exlsts, we are required to drdwattention In ourauditorfs reportto the related disclosures In the financlal statements or, rfsuch dlsclosures are Inadequate. to modifyour oplnlon. Our"condusions are based on the audit eviden obtained up to the dateof our auditorfs report. However, future events or conditions may cause the d)arfty to c&ise to continue as a going concem. Evaluate the overall presentatlon. structure and content of the financlalststemonts, Including the dlsc105ures, and whetherthe financial statements repre5entthe underlyin8 transactions and events in a mannerthat achieves falr presentatlon (ie. gtves a true and faIreW). We communicate wlth those d)?d wlth goanCe regardin& among other matters, the planned scope and timlng of the audlt and si8nifirdnt3uditfinllings. induding anysignificant deficiencles in Intemal control thatwe Identlfy durlng our audit Usè of our report Thls report Is made solely to thetharfitrfs trustees as a body, In accordan wlth Part4 of the Charlt]es (Accounts and Reportsl Règulations 2008. Our auditwowk has been undertsken 50 that we mtghtstate to the Ghariws trustees those matters we are required to stste to them in an auditols report andforno other purpose. To thé fvlle5t extent permltted by law, we do not acceptor assume responslbility to anyone other than the charlty and the tharltvs trustees as 3 body. forour autht Work, forthls report or forthe opinlonswe have formed. Rlver51de House 1-5 Como Street Romford Essex, RM7 7DN Dated: Davld Belbln Bsc BFP FCA DChA Senlor Statutory Audltor Clemence Hpar Cummlngs Chartered Accountants and Regtstered Auditors 14 cckober ?ow.... io
DYNAMIC NEW ANGLIAN NETWORKS STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2023 Notes Unrestricted Restricted funds funds 2023 Total funds 2022 Total funds INCOME AND ENDOWMENTS FROM Donatlons and legacles Charltable actlvltles Essex Integration Essex Free School Uniform Refugee Support for Braintree District Property rental E-ON (previously AMI FI ARAP hotel grant ITL 1.081 70,968 72,049 62,948 655,275 135,047 11,250 2,250 790,322 11,250 2,250 1,005,597 15,316 4,260 30,800 159,518 114,375 30,800 159,518 114,375 400 57,077 128,018 38,125 7,900 Investment income 8,900 8,900 183 Total 66S,256 524,608 1.189,864 1,319,424 EXPENDITURE ON Ralslng funds Charltable actlvltles Essex Integratlon Essex Free School Unlform Refugee Support for Bralntree District Property rental E-ON (previously AMIFI ARAP hotel grant ITL 5.881 5,881 4,669 561,670 135,047 92,999 3,519 696,717 92,999 3,519 568,905 65,157 3,615 37,239 149,234 90,376 432 37,239 149,234 90,376 432 64,043 108,834 33,299 19,927 Total 567,551 508,846 1,076,397 868,449 NET INCOME/IEXPENDITURE) 97,705 15,762 113.467 450,975 Transfers between funds 15 62.101 162,101) Net movement in funds 159.806 146.3391 113,467 450,975 RECONCILIATION OF FUNDS Total funds brought forward 672,268 56,534 728,802 277,827 TOTAL FUNDS CARRIED FORWARD 832.074 10,195 842,269 728,802 li
DYNAMIC NEW ANGLIAN NETWORKS BALANCE SHEET AT 31ST DECEMBER 2023 Unrestrlcted Restrlcted funds funds 2023 Total funds 2022 Total funds Notes FIXED ASSETS Tanglble assets li 6,448 6,448 8,793 CURRENT ASSETS Debtors Cash at bank 12 146,737 854,659 1,001,396 146,737 864,854 1,011.591 74,497 784,583 859,080 10,195 10.195 CREDITORS Amounts falllng due within one year 13 1175,770) {175,770) 1139,071} NET CURRENT ASSErs 825,626 10,195 835,821 720,009 TOTAL ASSETS LESS CURRENT LIABILITIES 832,074 10,195 842,269 728,802 NET ASSETS 832,074 10,195 842.269 728,802 FUNDS 15 Unrestricted funds Restricted funds 39,083 10,195 792,991 842,269 54,305 56,534 617,963 Oeslgnated funds TOTAL FUNDS 728,802 The flnanclal statements were approved bythe Board of Trustees on.......i¥ ocFobif ..Z.o.11... were signed o its behalf bv: and T Rose-Trustee The notes form part of these ftnanclal statements 12
DYNAMIC NEW ANGLIAN NETWORKS CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST DECEMBER 2023 2023 2022 Notes Cash flows from operatlngactlvltles: Cash generatedfromoperations 71,371 386,201 Net cash provlded by {used In) operatlng actlvltSes 71,371 386,201 Cash flows from Investlng actlvltSes: Purchase of tangible fixed asset5 Interest received {9,3791 183 8.900 Net cash provlded by (usedlnl Inve5tlng actlvltles 8,900 19,1961 Change In cash and cash equlvalents In the reportln8 perlod Cash and cash equlvalents atthe beglnnlngof the reportlngperlod 80,271 377,005 784,583 407,578 Cash and cash equlvalents attheend of the repoitSn8 perlod 864,854 784,583 The notes form part of these financial statements 13
DYNAMIC NEW ANGLIAN NETWORKS NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST DECEMBER 2023 I. RECONCILIATION OF NET INCOMETO NET CASH FLOW FROM OPERATING AcfiviTIES 2023 2022 Net incomefor the reportln% perlod (as perthe statementof flnanclal activltles) Adjustments for: Depreclation charges Loss on disposal of flxed assets Interest recelved Decrease / (increase) in debtors Increase / Idecreasel in creditors 113,467 450,975 2,345 2,698 18,900) 172,2401 36,699 1183) 1,490 {68,7791 Net cash provlded by (used In) operatlng actlvltles 71,371 386,201 ANALYSISOF CHANGESIN NEf FUNDS At 1.1.23 Cash flow At 31.12.23 Net cash Cash at bank 784,583 80,271 864,854 Total 784.S83 80,271 864,854 14
DYNAMIC NEW ANGLIAN NETWORKS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023 I. ACCOUNTING POLICIES Basls of preparlngthe flnanclal statements The financlal statements of the charity, which Is a public benefit entlty under FRS 102, have been prepared in accordance with the Charities SORP IFRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing thelr accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) {effective l January 2019),, Financial Reporting Standard 102 'The Financlal Reporting Standard applicable In the UK and Republit of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, It15 probablethatthe incomewill be receivedand the amountcan be measured rellably. Income Is received in the fomi of a restricted government grant, a service contract with local governmentand rental revenue. The governmentgrants are accountedfor In linewlththe performancemodel. The rental revenue is received by the charlty and Immedlately pald out as an expense to the Landlord, acting a5 an intermediary between the client and the landlord, untll a satisfactory tlme has elapsed and the client pays the landlord directly. Donation5 and legacies income includes donations, gifts and benefits in kind that provlde fundlng or are of a general nature and recognised when there is entitlement, probability of receipt and the amount can be measured with sufficient reliability. Such income is treated as restricted when the donor specifles It must be used for a certain activity and these must be adhered to In order to reco8nlze the income. No amounts are included in the flnancial statements for services donated by volunteers. Expendlture Llabllitie5 are fecognlsed as expenditure as soon as there is a legal or constructive obligation commlttlng the charlty to that expenditure, it is probable that a transfer of economic beneflts will be requlred In settlement and the amount of the obligation can be measured rellably. Expendlture Is accounted for on an accruals basis and has been classlfied under headings that aggregate 311 cost related to the category. Where costs cannot be direttly attributed to partlcular headlngs, they have been allocated to activities on a basis consistent with the use of resources. Tanglble fixed assets Depreclatlon Is provlded at the following annual rates in order to write off each asset over its estimated useful life. Computerequipment Motor vehicle5 - 20% on cost 25% on cost Taxatlon The charityls exernpt from tax on its charltable actlvities. 15
DYNAMIC NEW ANGLIAN NETWORKS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023 Fund accounting U nrestricted f unds can be used in accordance with the charitable objectives at the discretlon of the trustee5. Restrlcted funds can only be used for particular restricted purposes within the objects of the charlty. Restrlctions arise when speclfled by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the flnancial statements. Penslon costs and other post-retlrement benefits The charity operates a deflned contribution pension Scheme. Contribution5 payable to the charlty's pension scheme are charged to the Statement of Financial Activities in the period to which thev relate. Debtors and credltors recelvable I payable wlthln one year Debtors and credltors wlth no stated Interest rate and receivable or payable wlthln one year are recorded at transactlon prke. 16
DYNAMIC NEW ANGLIAN NETWORKS NOTESTO THE FINANCIAL STATEMENTS- CONTINUED FOR THE YEAR ENDED 31ST DECEMBER 2023 DONATIONS AND LEGACIES 2023 2022 Donations 72,049 62,948 INVESTMENT INCOME 2023 2022 Oeposit account interest 8,91X) 183 INCOMEFROM CHARITABLE ACTIVITIES 2023 2022 A¢tlvlty Essex inteeration Client support services - ECC Cllentsupportser4lces- Colchester Cllent support servlces - Chelmsford Rents received 655,275 1,005,5977 Essex integration 132,301 Essex integration 2,746 Property rental 30,800 57,077 Project Fundin8 Project Fundlng Client support servlces Client support services Project Funding Refu8ee Support for Bralntree District Essex Free School Uniform Project E-ON (previously AMIF) ARAP hotel grant ITL 2,250 11,250 159,518 114,375 400 4,260 15,316 128,018 38,125 7,900 1,108,915 1,256,293 RAISING FUNDS Ralsln8 donatlonsand leBacles 2023 2022 Support Costs 5,881 4,669 17
DYNAMIC NEW ANGLIAN NETWORKS NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31ST DECEMBER 2023 CHARITABLE ACTIVITIES COSTS Support Costs Dlrect costs (see note 7) Totals E55ex integration Property rental Refugee Support for 8raintree DistrKt Essex Free School Uniform Project E-ON Iprevlously AMIF) ARAP hotel grant ITL 625,859 34,725 3,335 92,081 136,215 81,041 400 70,858 2,514 184 696,717 37,239 3,519 92,999 149,234 90,376 432 918 13,019 9,335 32 973,656 96,860 1,07 ,516 18
DYNAMIC NEW ANGLIAN NETWORKS NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31ST DECEMBER 2023 SUPPORTCOSTS Office Admin Entertaining Human Resources Raising donations and legacies Essex Integration Property rental Refugee Support for Braintree Oistrict Essex Free School Unlform Project E-ON Iprevlously AMIF) ARAP hotel Brant ITL 3,230 35,828 1,381 ioi 504 7,151 5,127 18 837 9,283 358 26 131 1,852 1,328 1,594 17,676 681 50 249 3,528 2,530 708 27 io 141 ioi 53,340 13.820 1,053 26,317 Other Governance costs Totals Ralsing donations and legacies Essex Integratlon Property rental Refugee Support for Bralntree Dlstrlct Essex Free School Unlform Project E-ON Iprevlously AMIF) ARAP hotel grant ITL 156 1,739 67 5,881 70,859 2,514 184 918 13,019 9,335 32 5,625 24 347 249 2,587 5,625 102,742 Actlvltv Offlce Admln Entertalnlng Human resources Other Basls of allocatlon Income basis Income basls Income basis Income basis Income basis 19
DYNAMIC NEW ANGUAN NETWORKS NOTES TO THE FINANCIAL sfATEMENTS - CONTINUED FOR THE YEAR ENDED 31ST DECEMBER 2023 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31st December 2023 nor forthe year ended 31st December2022. Trustee5' expenses There weie no trustees, expen5e5 pald for the year ended 31st December 2023 nor for the year ended 31st December2022. STAFF COSTS 2023 2022 wae5 and salartes Social 5ecuritycosts Other pension costs 437,050 31,328 10,740 314,572 19,512 6,781 479,118 340,865 The average monthlynumberof employeesdurlngthe yearwas as follows: 2023 20 2022 19 Employees No employees recewedemoluments In excess of £60,000. Key management personnelremuneration is £80,49912022.. £74,735). 20
DYNAMIC NEW ANGLIAN NETWORKS NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31ST DECEMBER 2023 io. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestrlcted funds Restrlcted funds Total funds INCOME AND ENDOWMENTS FROM Donatlons and legacies 15,178 47,770 62,948 Charltable actlvltles E55ex Integration Essex Free School UnSform Refugee Support for Braintree Dlstrict Property rental AMIF ARAP hotel grant ITL I,OOS,597 1,005,597 15,316 4,260 57,077 128,018 38,125 7,900 15,316 4,260 57,077 128,018 38,125 7,900 Investment Income 183 1.020,958 183 1,319,424 298.466 EXPENDITURE ON Raislng funds 4,669 4,669 Charltable actlvltles Essex Integratlon Essex Free School Uniform Refugee Support for Braintree District Property rental AMIF ARAP hotel grant ITL 568,905 568,905 65,157 3,615 64,043 108,834 33,299 19,927 868,449 65,157 3,615 64,043 108,834 33,299 19,927 294,875 573,574 NET INCOME I (EXPENDITURE 447,384 3,591 450,975 Transfers between funds 114,1981 14,198 Net movement in funds 433,186 17.789 450,975 RECONCILIATION OF FUNDS Total funds brought forward 239,082 38,745 277,827 TOTAL FUNDS CARRIED FORWARD 672.268 56,534 728,802 21
DYNAMIC NEW ANGLIAN N ETWORKS NOTESTO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31ST DECEMBER 2023 ii. TANGIBLE FIXEDASSETS Computer Equ5pment Motor Vehlcles Totals COST At l January 2023 Addition5 At 31 December 2023 10,638 9,379 20,017 10,638 9,379 20,017 DEPRECIATION At l January 2023 Charge for year At 31 December 2023 10,638 586 2,345 2,931 11,224 2,345 13,569 10,638 NET BOOK VALUE At 31 Decembei 2023 6,448 6,448 At 31 December 2022 8,793 8,793 12. DEBTORS:AMOUNTS FALLlf4G DUEWITHINONEYEAR 2023 2022 Trade debtors Other debtors 37,080 109,657 5,425 69,072 146,737 74,497 13. CREDITORS: AMOUNTSFALLING DUE WITHIN ONEYEAR 2023 2022 Trade creditors Soclal security and other taxes VAT Accruals and deferred income Other creditors 2,766 13,370 37,578 66.460 55,596 3,254 14,229 25,659 53,269 42,660 175,770 139,071 Included wlthln Accruals and deferred income of £66,460 (2022: £53,269) is deferred income of £60,83512022: £46,333) in relation to the continued provision of services as part of the Essex Integration initiative. All of the brought forward deferred income was released into the 2023 Statement of Financial Activities. 22
DYNAMIC NEW ANGLIAN NETWORKS NOTE5 TO THE FINANCIAL STATEMENTS- CONTINUED FOR THE YEAR ENDED 31ST DECEMBER 2023 14. LEASINGAGREEMENTS Minimum lease payments under non-cancellable operatin8 leases fall due as follows: 2023 2022 Within one year Betweenone and fiveyears 1,828 6,855 1,788 3,576 8,683 5,364 23
DYNAMIC NEW ANGLIAN NETWORKS NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31ST DECEMBER 2023 15. MOVEMENT IN FUNDS At 1.1.23 Net Transfer movement between In funds funds At 31.12.23 Unrestrlcted funds General fund 54,305 97,705 1112,927) 39,083 Deslgnated funds Deposits on MOD properties Fellowship initlatlve Future wages 11.250 8,550 598.163 33,750 18,550) 149.828 45,000 747,991 617,963 175,028 792,991 Restrlcted funds Property rental Refugee Support In Bralntree Dlstrirt Essex Free School Uniform Project Restrlcted donation E-ON IprevIous AMIFI ARAP hotel grant ITL 14,561 17,663 (6,439} 18,1221 (1,269) 16.599) 110,881) 10,881 loo 10,284 23,999 (32) 9,795 300 19,184 4.826 400 (29,468) (28,825) 32 56,534 15,762 {62,101) 10,195 TOTAL FUNDS 728,802 113,467 842,269 24
DYNAMIC NEW ANGLIAN NETWORKS NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31ST DECEMBER 2023 Net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement In funds Unrestrlcted funds General fund 665,256 (567,551) 97,705 Deslgnated funds Deposits on MOD properties Fellowshlp Inltiative Restrlcted funds Client support services - Colchester Client support services - Chelmsford Property rÈntal Refugee Support in Braintfee District Essex Free School Uniform Project Restrlcted donatlon E-ON (previously AMIF) ARAP hotel 8rant ITL 132,301 2,746 30,800 2,250 82,118 loo 159,518 114,375 400 1132,301) 12,746) 137,239) (3,519) 192,999) 16,439 11,2691 110,881) loo 10,284 23,999 132) {149,234} 190,376) (432) 524.608 (508,846) 15,762 TOTAL FUNDS 1.189,864 11,076,397) 113,467 25
DYNAMIC NEW ANGLIAN NETWORKS NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31ST DECEMBER 2023 15. MOVEMENT IN FUNDS-contlnued Comparatlves for movement In funds At 1.1.22 Net Transfer movement between In funds funds At 31.12.22 Unrestrlcted funds General fund 220,532 448,384 1614,611 54,305 Deslgnated funds Deposlts on MOD propertles Fellowshlp Inltlative Future wages 9.000 9,550 2.250 11,250 8,550 598,163 617,963 {I,000) 598,163 600,413 18,550 (iJ)00) Restrlcted funds Property rental Refugee Support In Braintree District Essex Free School Unlform Project Restf Icted donation Asylum, Migration and Integration Fund (AMIF) ARAP hotel grant ITL tutor 21.527 17,018 (6,966) 645 (2,171) loo 19,184 4,826 112,027) 3,591 14,561 17,663 2,171 200 300 19,184 4,826 12,027 14,198 38,745 56,534 TOTAL FUNDS 277,827 450,975 728,802 26
DYNAMIC NEW ANGLIAN NETWORKS NOTESTO THE FINANCIAL STATEMENTS- CONTINUED FOR THE YEAR ENDED 31ST DECEMBER 2023 15. MOVEMENT IN FUNDS- contlnued Comparativenet movement in funds, included in the above are as follows: Incomlng resources Resources expended Movement In funds Unrestilcted funds General fund 1,020,958 (572,574) 448,384 Designated funds Deposits on MOD properties Fellowship initiatlve (I,oDo) (1,000 Restrlcted funds Property rental Refugee Support in Braintree District Essex Free School Uniform Project Restricted donation Asylum, Migratlon and Integratlon Fund IAMIF) ARAP hotel grant ITL tutor 57,077 4,260 62.986 loo 128,018 38,125 IfA,043) {3,615) 165,157) (6,966) 64S 12,171) loo 19,184 4,826 112,027) 3,591 1108,834) 133,2991 119,9271 298,466 1294,875) TOTAL FUNDS 1,319,424 (868,4491 450,975 27
DYNAMIC NEW ANGLIAN NETWORKS NOTES TO THE FINANCZAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31ST DECEMBER 2023 15. MOVEMENT IN FUNDS- continued Essex Integratlon of Afghanlstan refugees The UK government home offlce provldes support via grant Income which is restrlcted for the purpose of housing refugees from Afghanistan and helping them to integrate into the local communityfor a minimum period of three years. Cllent support servlces Colchester / Chelrnsford The funding recelved from Colchester and Chelmsford Clty Councils Is to support the resettlement of refugees Into the communlty. Property rental This is for rents received for properties that in the past DNA have helped resettle families Into. The rents recelved are passed directly to the letting agent or landlord. Refugee Support In Bralntree Dlstilct This fund represents the 5UPPOrt for the resettlement of families within the Braintree Dlstrlct under the UK Government's Vulnerable Persons Resettlement Scheme. Essex Free School Unlform Project These funds are restrlcted for use In the Essex Freeschool Unlform Project wherewe help those on low incomes and in need of free school uniform with the aim of reducing the financial burden. E-ON lprevlously AMIF) This is the Employability of Overseas Natlonals programrne whlch has replaced AMIF. The fund Is deslgned to help member states manage migration and implement, strengthen, and develop a common approach to asylum and Immigration. The transfer to the general fund represents a management fee charged for the tlme both the CEO and Finance Diiector spend on the project. Deposlts on MOD propertles These funds are designated to bring the Ministry of Defence properties back to the standard they were moved in to at the end of their tenancy. Fellowshlp Inltlatlve This Is a fellowshlp Inltlat6ve to befrlend the resklents of Greenstead, Colchester and provide evangelistic tralnlng with The Reverend Sue Howlett (Pioneer Minister) and the congregation. An amount of £10,000 has been set aslde for missionary work and to date £450 has been spent on toys and equipment for new 'stay and plav. As the funds have not been spent a decision has been made for these funds to be transferred back to the general fund, Future wages This fund ha5 been designated as wages to contlnue to fulfll the Afghanlstan refugee programme. ARAP hotel grant The grant has been received to employee keyworkers within the Chelmsford, Harlow and Marks Tey Hote15 to provide support to the refugees wlth translation services and lookin8 for a new home. The transfer to the Beneral fund represents a management fee charged for the time both the CEO and Flnance Dlrector spend on the project. 28
DYNAMIC NEW ANGLIAN NETWORKS NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31ST DECEMBER2023 15. MOVEMENT IN FUNDS- contlnued ITL tutor The funding has been received to cover some of the wages of our Integration Tho Language Tutor. The difference comes from unrestricted reserves. 16. RELATED PARTY DISCLOSURES A5 at the year-end a balance of £nil (2022. £300} was owed by a member of the key management personnel in respect of a staff loan. 29
DYNAMIC NEW ANGLIAN N ETWORKS NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31ST DECEMBER 2023 2023 2022 INCOMEAND ENDOWMENTS Donatlons and legacSes Donatlons 72,049 62,948 Investment Income Deposit account interest 8,900 183 Charltable actlvltles Client support services Rents received ProjectFunding Grants 935,148 30,800 20,612 121,705 1,133,615 57,077 27,476 38,125 1,108,265 1,256,293 Other Income Sundry income 650 Total In¢omln8 resources 1,189,864 1,319,424 EXPENDITURE Charltable actlvltles Wa2 Socla securltv Pensions Property Cllent support Community SilPPOrt Projects D85 check Charitable donation5 Client property deposits 437.050 31,328 10,740 77,040 221,322 2,702 83,666 234 30,120 79,454 314.572 19,512 6,781 60,825 283,715 7,184 60,196 31,120 1,720 973,656 785,625 Support costs Office comnute.rand Internetexoenses Insuranceexpense Rent and rates Utilities Media supplles PoStae and stationery Other 18.395 3,765 19,130 3,637 959 4,596 2,859 53,341 12,013 3,617 18,945 2,824 4,899 3,903 2,109 48,310 30
DYNAMIC NEW ANGLIAN NETWORKS NOTES TO TH E FItIANCIAL STATEM ENTS - CONTINUED FOR THE YEAR ENDED 31ST DECEMBER 2023 2023 2022 Admln Repairs and renewals Travel Vehlcle costs 3,642 6,296 3,882 13,820 2,014 2,734 5,348 10,096 Entertalnlng Hospitallty 1,052 1,607 Human resources Staff expenses Staff mileage Staff tralnlng Job advertislng 3,825 13,634 6,512 4,704 5,486 1,541 834 12,565 23,971 Depreciatlon of tanglble fixed assets 2,345 2,698 Other Professional fees Sundry 2,500 87 2,587 228 228 Governance costs Independent examiners fee Audit 1,860 5,460 7,320 5,625 5,625 Total resources expended 1,076,397 868,449 Net Income 113,467 450,975 31