Charlty Reglstratlon No: 1098058 Company Reglstratlon No: 04515238 IEn8land & Wales) Refugee Support Annual Report Unaudited Financial Statements for the year ended 31 March 2024 REFUGEE SUPPORT GROUP LEGAL AND ADMINISTRATIVE INFORMATION Trusteès Mr Mike Martin MBE Ms Fiona Zeneli Mrs Emily Lloyd Dr Mary Richardson Mr Thabo Makuyana Ms Samantha Lee Ms Sarah Seddon Mr Simon Price Ms Doon Lovett Chair Treasurer Appointed 2110212023 ChSef Executlve Offlcer Deputy CEO MT Nick Harborne Ms Flora Roshi CharSty number 1098058 Company number 04515238 PrlncSpal address First Floor, R.l.S.C 35-39 London Street Reading BÈrkshire RGI 4PS Registered office First Floor. R.l.S.C 35-39 London Street Reading Berkshire RG14PS Independent examiner Rachel Eden ACMA Curious Lounge, I, Floor. Pinnacle Building Tudor Road ReadinÉ Berkshire RGI INH Bankers The Cts-operative Bank 13 New Road Oxford OXI ILG MetroBank One Southampton Row London WCIB SHA Page 1 REFUGEE SUPPORT GROUP TRUSTEES, REPORT {INCLUDING DIREcfoRS' REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The Trustees present their report and financial statements for the year ended 31 March 2024. The accounts have been prepared in accordance with the accounting policie5 Set out in note I to the accounts and cornply with the charitable company's Memorandum and Articles of A550ciation, the Companies Act 2006, the Financial Reporting Standard app1icablÈ in the United Kingdom and Republic of Ireland IFRS1021, and "Accounting and Reporting by Charities.. Statement of Recommended Practice Bpplieable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Rèpublic of Ireland IFRS 1021" (published in October 20191. OBJECTIVES AND ACTIVITIES Prlnclpal objertives The Charitable objectives of Refugee Support Group are: to provide relief to refugees and asylum Seekers lincludillg those granted excÈptional leave to remain) and their dependants, regardless of their race. colour. nationality, ethnic origin, religion, sex, marital status, sexuality, social class, disability or HIV status, who are resident in the area of benefit and in conditions of need and distress.. and to preserve and protect the physical and mental health of such refugee5 and asylum seekers by assisting them to acce55 the health services appropriate to their needs.. and to provide information, advicè and support tts refugees and asylum seekers in accessing training and to help ensure that their children receive the education they are entitled to by law. including language support where needed.. and to promote and assist refugees and asylum seekers in obtaining suitable employment,. and to hèlp refugeès, asylum seekers and their dependants access grants and services of all kind5 from other charitable organi5ations,' and to educate the general public about issues afferting refugees and asylum seekers. In going about our work and establishing our aims and objectives, the Trustees have given careful consideration to the Charity Commissioft's guidance on public benefit. Structure, governance and management The charity 15 a company limited by guarantee Incorporated on 20 August 2002 and governed by its Articles of Association. It was registered as a charity under the Charities Act 2011 on 17 June 2003. None of the Trustees have any beneficial interest in the charitable company. All of the Trustees are volunteers. Trustees are assisted in fulfilling their dutie5 by the thief executive and by other advisors, who offer information and assistance in undertaking all their governance tasks. It 15 the responsibility of the Trustees to rneet to make balaneed, proportionate and clear decisions about the future of the charitable company, and make all disclosures about the organisation. Through consideration of reports on financial management, income, expenditure, liquidity and of forecasts for the next twelve months, Trustees have analysed any risks to the company alongside the strategic plan for growth, and have identified no rnaterial uncertainties that cast doubt about the ability of the company to continue as a going concern. Page 2 REFUGEE SUPPORT GROUP TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The Trustees, who are also the directors for the purpose of company law, and who served during the year were.. Mr Mike Martin MBE Ms Fiona Zeneli Mrs Emily Lloyd Dr Mary Richardson Mr Thabo Makuyana Ms Samantha Lee Ms Sarah Seddon Mr Simon Price Ms Doon Lovett Chair Treasurer Appointed 2110212023 Trustee Appolntment, Inductlon and Tralnlng Potential trustÈès are asked to dÈmonstratè thÈir skills and knowledge for the role. Our trustee induction and appropriate trainin8 ensures that they are equipped with knowledge of the organisation, its activities and aims and have a clear understanding of their role as a trustee. Our trustee inductlon programme is in place which includes Introductlon to the charity and organisation, visiting our service5, meetin8 Staff and volunteers. It also includes safe8uardin8 training and training about the role of a trustee. We have yearly trustee training in place which covers changes to guidance for trustees and updates on charity commission guidance and support for trustees. Organlsatlonal Strurture The Board of Trustees are responsible for making strategic and policy decisions, approval of budgets. the sale or purchase of major assets such as land. and the startingjending of servlces under local authority contracts or others. The operational and day-to-day decisions are made by the Chief Executive Officer and the senior rnanagement team. Page 3 REFUGEE SUPPORT GROUP TRUSTEES, REPORT (INCLUDING DIREcfoRS' REPORT) Icontinuedl FOR THE YEAR ENDED 31 MARCH 2024 FINANCE REVIEW The organisation is funded by statutory authorit4e5, grant funders, cllnlcal commissloning groups and donations. In the year the charitable company's income totalled £639,588 2023.. £570,220 The charity 8enerated a dellclt of net incorning resource5 before transfers of 1£ 35,16312023=1£58,4141. As at the year ending 31 March 2024, the Charity had unrestricted reserves of £75,703 2023= £168,365 Reserves Pollcy In line with the Charities Commlsslon guidelines for best practice. RSG will maintain a cash fesetve in its total unrestricted funds that are sufficient to fund a rninimum of 3 months'190 days) of opèrating expenditure. The Trustees conslder that 3 months in resèrve would allow RSG to continue to operate in the extreme seenario that its income reduces materlally over a very short period. During that 3-month period RSG could restructure its fin3ncÈs or even wind up Its operation. This would include rene8otlation of any contractual liabilities that extend beyond the 3-month window and cover it5 longer-term Ilabllllles. It is the stated Fntention of the Trustees to increase reserves through a deslgnated fund with the Intentlon of purchasin8 a building from which the charity would operate. At 31 March 2024 the charity had £75,70312023'. £168,365) of unrestricted resew, including £85.fKA)12023- £75.CQOI In the designated fund. Rlsk Management The organi5ation has a robust risk management procedure in place, and this 15 reviewed and revised by the senior rnana8ement team and Iru5tees on a regular basis. The biggest risk to the organisation 15 the income received from grant fundin8 and statutory bodie5 (both as contracts and grants). We have plans in plao to rnitigate this by maintaining focus on our Fundraising Strategy and 5trateglc relationships with statutory partners. PLANS FOR THE FUTURE Strategy. buslness plan and budget The budget agreed for the current year being a balanced budget that is dependent on securing future grant funding and that the (rusiee5 will regularly rnonitor and review the financial position. We have an agreed current Business Plan in place whlch is reviewed at every trustee meeting. Equality, diverslty and Incluslon RSG has an EDI strategy In place which 15 reviewed regularly by trustee5 Pa8e 4 **REFUGEE SUPPORT GROUP** **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024** I report to the Trustees on my examination of the financial statements of Refugee Support Group (the charitable company) for the year ended 31 March 2024, which are set out on pages 7 onwards. ## **Respective responsibilities of trustees and examiner** As the charity trustees of the charitable company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). Having satisfied myself that the financial statements of the charitable 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 charitable company's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Direction given by the Charity Commission under section 145(S)(b) of the 2011 Act. ## **Independent examiner's statement** Since the charitable 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 of the Chartered Institute of Management Accountants, which is one of those listed bodies. I have completed by 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: - accounting records were not kept in respect of the charitable company as required by section 386 of - (i) the 2006 Act; or - ( ii) the financial statements do not accord with those records; or - the financial statements do not comply with the accounting requirements of section 396 of the 2006 - (iii) 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 - the financial statements 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 - (iv) charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FR5102). 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 financial statements to be reached. Rachel Eden ACMA Holy Brook Associates Limited Curious Lounge, 1 **st** Floor, Pinnacle Building Tudor Road Reading Berkshire RGl lNH Dated: 17th Nov 2024 Page 5 ## **REFUGEE SUPPORT GROUP LIMITED** ## **(formerly Reading Refugee Support Group)** ## **STATEMENT OF FINANCIAL ACTIVITIES** (including Income & Expenditure Account) **FOR THE YEAR ENDED 31 MARCH 2024** |**Notes**
**3**
**4**
**5**
**6**
**7**
**Expenditure:**
Raising funds
**8**
Charitable Activities
**9**
**Total resouces expended**
**Net incoming/(outgoing)**
**resources before transfers**
**Income and endowments from:**
Donations & legacies
Charitable Activities
Other trading activities
Investments
Other income
**Total income**|
**Unrestricted**
**funds**
**Restricted**
**funds**
**Total**
**2024**
**2024**
**2024**
**£**
**£**
**£**
**130,723**
**221,622**
**352,345**
**269,778**
**1,720**
**271,498**
**15,745**
**-**
**15,745**
**-**
**-**
**-**
**-**
**-**
**-**
**416,246**
**223,342**
**639,588**|Unrestricted
funds
Restricted
funds
Total
2023
2023
2023
£
£
£|Unrestricted
funds
Restricted
funds
Total
2023
2023
2023
£
£
£| |---|---|---|---| |||154,216
108,962
263,178
251,897
51,282
303,179
3,863
-
3,863
-
-
-
-
-
-|| |||409,976
160,244
570,220|| ||**2,572**
**(2,572)**
**-**
168,365
74,922
243,287
**51,495**
**438**
**51,933**
**459,985**
**162,833**
**622,818**
**511,480**
**163,271**
**674,751**
**75,703**
**132,421**
**208,124**
**(95,234)**
**60,071**
**(35,163)**
**(92,662)**
**57,499**
**(35,163)**|31,630
3,872
35,502
445,360
147,772
593,132|| |||476,990
151,644
628,634|| |||-
-
-
(67,014)
8,600
(58,414)|| |Transfers between funds
**16**|**2,572**
**(2,572)**
**-**||| |**Net income/(expenditure) for**
**the year / net movement in**
**funds**|||| |||235,379
66,322
301,701
(67,014)
8,600
(58,414)|| |Fund balances at 1 April 2023|168,365
74,922
243,287||| |**Fund balances at 31 March 2024**|||| |||168,365
74,922
243,287|| ||||168,365
74,922
243,287| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derives from continuing activities. The statement of financial activities also complies with the requirement for an income and expenditure account under the Companies Act 2006. Page 6 ## **REFUGEE SUPPORT GROUP LIMITED** ## **(formerly Reading Refugee Support Group) BALANCE SHEET** ## **AS AT 31 MARCH 2024** |**Fixed assets**
Tangible fixed assets
**Notes**
**13**|**Fixed assets**
Tangible fixed assets
**Notes**
**13**|||**2024**|**2024**||2023|2023| |---|---|---|---|---|---|---|---|---| ||**Notes**
**13**|||**£**
**£**
**4,560**|||£
£|| ||||||||3,942|| |||||**132,421**
**85,000**
**(9,297)**
**208,124**
**203,564**
**208,124**
**107,237**
**391,932**
**499,169**
**295,605**|||74,922
75,000
93,365
243,287
121,860
302,525
424,385
185,040
239,345
243,287|| |**Current assets**
Debtors
**14**
Cash at bank and in hand||||**107,237**
**391,932**||||| |||||**499,169**||||| |||||||||| |**Creditors: amounts falling due within 1 year**
**15**||||**295,605**||||| |**Funds**
Restricted funds
**17**
Designated funds
Unrestricted funds
Net current assets
**Total assets less current liabilities**
||||||||| |||||||||243,287| |||||||||| ||||||**132,421**
**85,000**
**(9,297)**|||74,922
75,000
93,365
243,287| ||||||**208,124**|||| The charitable company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2024. No member of the charitable company has deposited a notice, pursuant to section 476, requiring and audit of those accounts. The Trustees acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The accounts were approved by the Board of Trustees on …............................ …............................................................................. Michael Martin MBE Chair of Trustees ## **Company Number 04515238** Page 7 ## **REFUGEE SUPPORT GROUP LIMITED** ## **(formerly Reading Refugee Support Group) CASHFLOW STATEMENT** ## **FOR THE YEAR ENDED 31 MARCH 2024** |**Cash flows from operating activities**
Net movement in funds for the year
Depreciation
Investment income
(Increase)/decrease in debtors
Increase/(decrease) in creditors
**Net cash provided by/(used in) operating activities**
**Net cash provided by/(used in) investing activities**
**Net increase/(decrease) in cash and cash equivalents**
Cash and cash equivalents at 1 April 2023
Cash and cash equivalents at 31 March 2024
**Cash flow from investing activities**
Purchase of tangible fixed assets
_Cash and cash equivalents consists of:_
Cash at bank and in hand|||**2024**
**£**
**£**| |---|---|---|---| ||||| |||**(35,163)**
**1,954**
**-**
**14,623**
**110,565**|| |||**(2,572)**|| ||||| |_Cash and cash equivalents consists of:_
Cash at bank and in hand|||| Page 8 **REFUGEE SUPPORT GROUP LIMITED (formerly Reading Refugee Support Group) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024** ## **1 Accounting policies** ## **Charity information** Refugee Support Group Ltd (formerly Reading Refugee Support Group) is a charitable company limited by guarantee, incorporated in England and Wales. The registered office is First Floor R.I.S.C, 35-39 London Street, Reading, Berkshire, RG1 4PS . ## **1.1 Accounting convention** The financial statements have been prepared in accordance with the charitable company's memorandum and articles of association, the Companies Act 2006, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102), 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 issued in October 2019, UK Generally Accepted Accounting Practice and applicable charity and company law. The charitable company is a Public Benefit Entity as defined by FRS102. The financial statements are prepared in sterling, which is the functional currency of the charitable company. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. ## **1.2 Going concern** At the time of approving the financial statements, the Trustees have reviewed the going concern of the charity and consider that the charity has adequate resources to continue in operational existence for the foreseeable future. ## **1.3 Charitable funds** Unrestricted funds are available for use at discretion of the Trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the accounts. Designated funds are allocated by the Trustees towards specific purposes, and can be changed at the discretion of the Trustees if the need for the fund changes. Transfers are made between funds when adequate justification and supporting evidence is provided. ## **1.4 Incoming resources** Contract income is accounted for on an accruals basis and allocated between funds according to the basis of the contract terms if necessary. Grant income is recognised when the charity is entitled to it after performance conditions have been met, the amounts can be measured reliably and it is probable that the income will be received. Where the charitable company is required to repay any part of the grant a provision is made for the amount due to be repaid. Grants from local authorities and similar organisations have been included as contracts for services where applicable but as unrestricted income where the money is given with greater freedom of use. Donations and legacies receivable are accounted for where there is entitlement, sufficient certainty of receipt and the amount can be measured reliably. In the case of unsolicited donations this is usually only when received. All other income is accounted for under the accruals concept. No amounts are included in the financial statements for services donated by volunteers. Donated capital items are included withing the financial statements at their current value at the time of donation. Income received for future periods is deferred until those periods. Page 9 **REFUGEE SUPPORT GROUP LIMITED** **(formerly Reading Refugee Support Group) NOTES TO THE ACCOUNTS** (continued) **FOR THE YEAR ENDED 31 MARCH 2024** ## **1 Accounting policies** (continued) ## **1.5 Resources expended** All expenses are accounted for on an accruals basis. Expenditure incurred in connection with the specific objects of the charitable company is included under the heading of direct charitable expenditure, overheads are allocated to activities in proportion to their use of facilities. The irrecoverable element of VAT is included with the as part of sundry expenses. ## **1.6 Tangible fixed assets** Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Tangible fixed assets costing £1,000 or more are capitalised and are stated at cost less depreciation. Donated assets are included at their current value at the time of donation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows: Office equipment 25% on cost Computer equipment 33.33% on cost The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year. ## **1.7 Impairment of fixed assets** At each reporting end date, the charitable company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). ## **1.8 Cash and cash equivalents** Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. ## **1.9 Financial instruments** The charitable company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments. Financial instruments are recognised in the charitable company's balance sheet when the charitable company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. ## **Basic financial assets** Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amorised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Page 10 **REFUGEE SUPPORT GROUP LIMITED** **(formerly Reading Refugee Support Group) NOTES TO THE ACCOUNTS** (continued) **FOR THE YEAR ENDED 31 MARCH 2024** ## **1 Accounting policies** (continued) ## **1.9 Financial instruments** (continued) ## **Basic financial liabilities** Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. ## **Derecognition of financial liabilities** Financial liabilities are derecognised when the charitable company's contractual obligations expire or are discharged or cancelled. ## **1.10 Employee benefits** The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charitable company is demonstrably committed to terminate the employment of an employee or to provide termination benefits. ## **1.11 Retirement benefits** The charitable company operated a defined contribution scheme under auto-enrolment. Contributions payable are charged to the statement of financial activities in the year in which they are payable. ## **1.12 Leases** Rentals payable under operating leases, including lease incentives received, are charged as an expense on a straight line basis over the term of the relevant lease. ## **1.13 Creditors and provisions** Creditors and provisions are recognised where the charitable company has a present obligation resulting from a past 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 value. ## **1.14 Debtors** Debtors are recognised at the settlement amount due. ## **2 Critical accounting estimates and judgements** In the application of the charitable company´s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Page 11 ## **REFUGEE SUPPORT GROUP LIMITED** ## **(formerly Reading Refugee Support Group) NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 MARCH 2024** |**3**
**Donations and legacies**
Donations and gifts
Legacies receivable
_For the year ended 31 March 2023_
**4**
**Charitable activities**
Afghan refugee support
Syrian refugee support
Other
_For the year ended 31 March 2023_|**Unrestricted**
**funds**
**Restricted**
**funds**
**Total**
Total
**2024**
**2024**
**2024**
2023
**£**
**£**
**£**
£| |---|---| ||**130,723**
**221,622**
**352,345**
263,178
**-**
**-**
**-**
-| ||**130,723**
**221,622**
**352,345**
263,178| ||_154,216_
_108,962_
_263,178_| ||| ||**Unrestricted**
**funds**
**Restricted**
**funds**
**Total**
Total
**2024**
**2024**
**2024**
2023
**£**
**£**
**£**
£| ||**187,030**
**-**
**187,030**
191,263
**36,910**
**-**
**36,910**
44,002
**45,838**
**1,720**
**47,558**
67,914| ||**269,778**
**1,720**
**271,498**
303,179| ||_251,897_
_51,282_
_303,179_| The above income includes government grants of £109,444 (2023: £64,969) and specific government funded service level agreements £312,108 (2023: £248,157) |**7**
**Other income**
Other income
**5**
**Other trading activities**
**Unrestricted**
**funds**
**Restricted**
**funds**
**2024**
**2024**
**£**
**£**
**15,745**
**-**
_3,863_
_-_
Fundraising income
_For the year ended 31 March 2023_
**6**
**Investments**
Investment income
All investment income for the current and prior year was unrestricted.|**Unrestricted**
**funds**
**Restricted**
**funds**
**2024**
**2024**
**£**
**£**|**Total**
Total
**2024**
2023
**£**
£| |---|---|---| ||**15,745**
**-**|**15,745**
_3,863_| ||_3,863_
_-_|_3,863_| |||**2024**
2023
**£**
£
**-**
-
**2024**
2023
**£**
£
**-**
-
**-**
-| |||**2024**
2023
**£**
£
**-**
-
**-**
-| All other income for the current and prior year was unrestricted. Page 12 **REFUGEE SUPPORT GROUP LIMITED** **(formerly Reading Refugee Support Group) NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 MARCH 2024** |**8**|**Cost of raising funds**||||**Unrestricted**
**funds**|**Restricted**
**funds**|**Total**||Total| |---|---|---|---|---|---|---|---|---|---| ||||||**2024**|**2024**|**2024**||2023| ||||||**£**|**£**|**£**||£| ||Fundraising costs||||**12,479**|**-**|**12,479**||3,083| ||Staff costs||||**29,567**|**438**|**30,005**||32,419| ||Support costs||||**9,449**|**-**|**9,449**||_-_| ||||||**51,495**|**438**|**51,933**||35,502| ||_For the year ended 31 March 2023_||||_31,630_|_3,872_|||_35,502_| |**9**|**Charitable activity expenditure**||||**Unrestricted**
**funds**|**Restricted**
**funds**|**Total**||Total| ||||||**2024**|**2024**|**2024**||2023| ||||||**£**|**£**|**£**||£| ||Staff costs||||**199,531**|**87,432**|**286,963**||290,387| ||Service delivery||||**51,412**|**17,421**|**68,833**||31,515| ||Freelance delivery of services||||**9,656**|**29,424**|**39,080**||48,149| ||Volunteer costs||||**800**|**633**|**1,433**||5,369| ||||||**261,399**|**134,910**|**396,309**||375,420| ||Share of governance and support costs (see note 10)||||**198,586**|**27,923**|**226,509**||217,712| ||||||**459,985**|**162,833**|**622,818**||593,132| ||_For the year ended 31 March 2023_||||_445,360_|_147,772_|||_593,132_| |**10**|**Support and governance costs**||||**Support**
**costs**|**Governance**
**costs**|**Total**||Total| ||||||**2024**|**2024**|**2024**||2023| ||**Support**||||**£**|**£**|**£**||£| ||Staff costs||||**123,925**|**3,150**|**127,075**||148,880| ||Staff recruitment, training and development||||**3,410**|**-**|**3,410**||3,860| ||Staff welfare||||**1,994**|**-**|**1,994**||3,010| ||Administration||||**45,245**|**-**|**45,245**||16,944| ||IT and communications||||**13,739**|**-**|**13,739**||14,074| ||Travel and subsistence||||**1,390**|**-**|**1,390**||2,213| ||Premises costs||||**27,704**|**-**|**27,704**||24,565| ||Depreciation||||**1,954**|**-**|**1,954**||1,313| ||_Support costs are all allocated on_||_the basis of staff time spent._||||||| ||**Governance**||||||||| ||Independent Examination||||**-**|**1,200**|**1,200**||600| ||Legal and professional fees||||**-**|**1,961**|**1,961**||1,948| ||Trustees' meeting expenses||||**-**|**837**|**837**||305| ||||||**219,361**|**7,148**|**226,509**||217,712| ||_For the year ended 31 March 2023_||||_211,866_|_5,846_|||_217,712_| ||Support costs analysed between||||**Unrestricted**
**funds**|**Restricted**
**funds**|||| ||Fundraising||||**9,449**|**-**|**9,449**||| ||Charitable Activities||||**198,586**|**27,923**|**226,509**||| ||||||**208,035**|**27,923**|**235,958**||| Page 13 |_For the year ended 31 March 2023_|||||| |---|---|---|---|---|---| |_Fundraising_||_-_|_-_||_-_| |_Charitable Activities_||_217,102_|_610_||_217,712_| |||_217,102_|_610_||_217,712_| ||||||| Page 14 **REFUGEE SUPPORT GROUP LIMITED (formerly Reading Refugee Support Group) NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 MARCH 2024** ## **11 Trustees** None of the Trustees (or any persons connected with them) received any remuneration or reimbursed expenses during the current or prior year. Trustee indemnity insurance is included in the overall premium for the year. |**12**|**Employees**|||**2024**|2023|| |---|---|---|---|---|---|---| ||**Number of employees**|||**Number**|Number|| ||The average monthly number of employees during the year was:|||||| ||Management|||**2**|2|| ||Other|||**23**|23|| |||||**25**|25|| |||||||| ||**Employment costs**|||**2024**|2023|| |||||**£**|£|| ||Wages and salaries|||**400,115**|405,037|| ||Social security costs|||**31,883**|42,767|| ||Pension costs|||**21,494**|23,612|| |||||**453,492**|471,416|| There were no employees whose annual remuneration was £60,000 or more. The aggregate remumeration of key management personnel during the year was £96,033 (2023: £90,272) In addition, a great amount of time, the value of which has not been reflected in these financial statements, is donated by our many volunteers and by staff members in excess of their contracted hours. |**13**|**Tangible Fixed Assets**|**Tangible Fixed Assets**|||**Office**
**Equipment**|**Computer**
**Equipment**|**Total**| |---|---|---|---|---|---|---|---| ||**Cost**||||**£**|**£**|**£**| ||At 1 April 2023||||6,092|2,048|8,140| ||Additions||||2,572|-|2,572| ||Disposals||||-|-|-| ||**At 31 March 2024**||||**8,664**|**2,048**|**10,712**| ||||||||| ||||||||| ||**Depreciation**||||**£**|**£**|**£**| ||At 1 April 2023||||2,150|2,048|4,198| ||Depreciation charge during the year||||1,954|-|1,954| ||Eliminated on disposal||||-|-|-| ||**At 31 March 2024**||||**4,104**|**2,048**|**6,152**| ||||||||| ||||||||| ||**Net Book Value**||||**£**|**£**|**£**| ||At 1 April 2023||||3,942|-|3,942| ||**At 31 March 2024**||||**4,560**|**-**|**4,560**| ||||||||| Page 15 ## **REFUGEE SUPPORT GROUP LIMITED** ## **(formerly Reading Refugee Support Group) NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 MARCH 2024** **14 Debtors: amounts falling due within one year:** |||||||| |---|---|---|---|---|---|---| ||**Debtors: amounts falling due within one year:**|||**2024**|2023|| |||||**£**|£|| ||Trade debtors|||**42,494**|63,843|| ||Prepayments and accrued income|||**36,531**|30,022|| ||Other debtors|||**28,212**|27,995|| |||||**107,237**|121,860|| ||**Creditors : amounts falling due within one year:**|||**2024**|2023|| |||||**£**|£|| ||Trade creditors|||**6,819**|8,847|| ||Other taxation and social security|||**26,490**|4,980|| ||Other creditors|||**12,872**|8,874|| ||Accruals & deferred income|||**249,424**|162,339|| |||||**295,605**|185,040|| ## **15 Creditors : amounts falling due within one year:** |**14 Debtors: amounts falling due within one year:**
**2024**
2023|**14 Debtors: amounts falling due within one year:**
**2024**
2023|**14 Debtors: amounts falling due within one year:**
**2024**
2023|**14 Debtors: amounts falling due within one year:**
**2024**
2023|**14 Debtors: amounts falling due within one year:**
**2024**
2023| |---|---|---|---|---| |||**Debtors: amounts falling due within one year:**||**2024**
2023| |**15**||Trade debtors
Prepayments and accrued income
Other debtors
**Creditors : amounts falling due within one year:**
Trade creditors
Other taxation and social security
Other creditors
Accruals & deferred income||**£**
£| |||||**42,494**
63,843
**36,531**
30,022
**28,212**
27,995| |||||**107,237**
121,860| |||||**2024**
2023
**£**
£| |||||**6,819**
8,847
**26,490**
4,980
**12,872**
8,874
**249,424**
162,339| |||||**295,605**
185,040| ||**16 Restricted funds**
Berkshire Community Fund-Surviving Winter
Berkshire Community Fund-City of Sanctuary
Berkshire NHS
Carewell Transnational Families
Closing the Gap
The Earley Charity *
Field Seymour Parks (FSP Foundation)
Greenham Trust - vouchers
Herrington
Justice Together
NACOMM
RBC Small Grants fund
RBC Ukraine grant
RBC Winter fund
Reading Uni (Intern) grant
Reading Uni (Sanctuary Strikers)
Refugee Action EAR Digital
Sanctuary Strikers
Reading Voluntary Action (RVA)
St Laurence Trust
WEA Reading||**Movement in funds**
**Balance at**
**1 April 2023**
**Incoming**
**resources**
**Resources**
**expended**
**Transfers**
**Balance**
**at 31 March**
**2024**
**£**
**£**
**£**
**£**
**£**|| |||||| |||Berkshire Community Fund-Surviving Winter
Berkshire Community Fund-City of Sanctuary
Berkshire NHS
Carewell Transnational Families
Closing the Gap
The Earley Charity *
Field Seymour Parks (FSP Foundation)
Greenham Trust - vouchers
Herrington
Justice Together
NACOMM
RBC Small Grants fund
RBC Ukraine grant
RBC Winter fund
Reading Uni (Intern) grant
Reading Uni (Sanctuary Strikers)
Refugee Action EAR Digital
Sanctuary Strikers
Reading Voluntary Action (RVA)
St Laurence Trust
WEA Reading|-
2,500
-
-
2,500
2,465
5,000
2,465
-
5,000
50,000
-
20,469
-
29,531
8,759
238
4,203
-
4,795
-
24,000
24,000
-
-
-
40,300
4,907
(2,572)
32,821
1,789
-
442
-
1,346
1,400
-
970
-
430
-
15,184
5,006
-
10,178
-
34,325
34,325
-
-
-
1,000
522
-
478
-
5,000
-
-
5,000
-
75,444
54,592
-
20,852
3,730
-
1,950
-
1,780
-
1,459
438
-
1,021
-
3,832
3,832
-
-
-
2,560
2,560
-
3,783
2,500
-
-
6,283
-
5,000
2,146
2,854
2,997
-
445
-
2,552
-
5,000
-
-
5,000|| ||||74,922
223,341
163,271
(2,572)
132,421|| ***** Transfer relates to the purchase of office equipment from The Earley Charity grant. The restriction was released at point of purchase. Page 16 **REFUGEE SUPPORT GROUP LIMITED** **(formerly Reading Refugee Support Group) NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 MARCH 2024** ## **16 Restricted funds** (continued) |**Restricted funds**(continued)|| |---|---| |Berkshire Community Fund
Berkshire NHS
Bucks Oxford Berkshire ICB
Carewell Transnational Families
Carnation Trust
Closing the Gap
Deloitte
Earley Charities
Field Seymour Parks (FSP Foundation)
Greenham Trust
Greenham Trust - vouchers
Herrington
Jubilee Picnic (BCF)
Justice Together
Land Aid
Narrowing the Gap
Nature Nurture
Pangbourne Rotary
RBC Winter fund
Reading Dispensary Trust
Reading Matins
Reading Rotary
Sanctuary Strikers
Scanlon Trust
St Laurence Trust
Tannery Trust
_For the year ended 31 March 2023_|**Balance at**
**Movement in funds**| ||**Balance at**
**Incoming**
**Resources**

**1 April 2022 resources**
**expended**
**Transfers**
**31 March**
**2023**
**£**
**£**
**£**
**£**
**£**| ||-
5,000
2,535
-
2,465
50,000
-
-
-
50,000
-
25,000
25,000
-
-
(2,726)
17,630
6,145
8,759
-
3,197
3,197
-
-
10,000
10,000
-
675
675
-
-
3,000
3,000
-
-
2,500
711
1,789
5,750
-
5,750
-
3,450
-
2,050
1,400
9,954
7,374
(2,580)
-
6,346
6,346
-
33,652
33,652
-
5,000
5,000
-
18,623
18,623
-
600
600
-
2,300
2,300
-
3,700
5,000
4,970
3,730
500
-
500
-
1,500
1,500
-
2,071
2,071
-
2,224
2,696
3,718
2,580
3,782
-
5,000
5,000
-
-
3,424
-
427
-
2,997
-
500
500
-
-| ||66,322
160,244
151,644
-
74,922| Berkshire Community Funds are contributions towards the City of Sanctuary initiative and winter support. Berkshire NHS was received in 2022 to fund a mental health worker post. After difficulty in recruiting, Berkshire NHS agreed a change of use to fund the Drop In Centres for 2 years from 2023 to 2025. Carewell Transnational Families Research Project is a 3 year project running from June 2021 and has been extended to November 2024. Closing the Gap is a grant to tackle poverty and help reduce the equality gap in Reading, contributing towards our Casework team. Earley Charities Trust grant is towards various non-recurring expenditure items for providing support to refugees Page 17 and asylum seekers. Page 18 **REFUGEE SUPPORT GROUP LIMITED (formerly Reading Refugee Support Group) NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 MARCH 2024** ## **16 Restricted funds** (continued) Field Seymour Parks (FSP) Foundation grant is to provide refugee travel to events and activities. Greenham Trust vouchers were to provide clothing to Afghani refugees. Herrington grant is to support the Youth Worker in the Homework Club and Sanctuary Strikers costs. Justice Together is part funding a solicitor post to support people who use the immigration system to access justice fairly and equally enabling them to move on with their lives. NACOMM grant is to fund an Employee Assistance Programme for 2 years. Reading Borough Council Small Grants funding is to support 1 day per week staff member salary. Reading Borough Council Ukraine integration & advice support grant to support Ukrainian families. Reading Borough Council Winter Fund grant is to support families in need during the winter months. This purchased vouchers to give to families for clothing and food. Reading University has funded an intern in the Fundraising team for 7 hours per week until July 2024. Refugee Action EAR Digital is a grant to deliver the EAR Digital Campus programme running between June 2023 and June 2024. Sanctuary Strikers is our football team and is supported by a generous individual donor and Reading University. Reading Voluntary Action is towards the Homework Club to July 2024. St Laurence Trust grant provides emergency hotel accommodation for refugees. WEA Reading is a grant to be used for educational purposes for clients, including travel to educational support and training. |**17 Analysis of net assets between funds**
Fund balances at 31 March 2024 are represented by:
Tangible assets
Current assets/(liabilities)
_Prior year_
_Fund balances at 31 March 2023 were represented b_
_Tangible assets_
_Current assets/(liabilities)_|**Funds**
**Funds**
**Funds**
**Total**
**£**
**£**
**£**
**£**| |---|---| ||4,560
-
-
4,560
(13,857)
85,000
132,421
203,564| ||(9,297)
85,000
132,421
208,124| ||_Unrestricted_
_Funds_
_Designated_
_Funds_
_Restricted_
_Funds_
_Total_
_£_
_£_
_£_
_£_| ||_3,942_
_-_
_-_
_3,942_
_89,423_
_75,000_
_74,922_
_239,345_| ||_93,365_
_75,000_
_74,922_
_243,287_| Page 19 ## **REFUGEE SUPPORT GROUP LIMITED** ## **(formerly Reading Refugee Support Group) NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 MARCH 2024** ## **18 Operating lease commitments** At the reporting end date the charitable company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows: |**Operating lease commitments**
At the reporting end date the charitable company had outstanding commitments for
payments under non-cancellable operating leases, which fall due as follows:|future minimum lease| |---|---| |Within one year
Between two and five years|**2024**
2023
**£**
£| ||**21,000**
21,210
**21,000**
42,000| ||**42,000**
63,210| ## **19 Related Party Transactions** During the year the charity received a donation from Trustee Dr M Richardson towards the 30th Anniversary event due to take place in May 2024. There were no other related party transactions during the year (2023: none). Page 20