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← Imece Women's Centre

2024-03-31-accounts

IMECE Women's Centre Ltd (Private Company Limited by Guarantee)

REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

COMPANY REG NO. 04262910

CHARITY NO. 1101882

IMECE Women's Centre Ltd (Private Company Limited by Guarantee) Contents

Page
Legal and administrative information 1
Report of the trustees 2-3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Accounting policies 7-8
Notes forming part of the financial statements 9-14
Detailed income & expenditure account 15

Pages 4 and 15 does not form part of the statutory accounts.

IMECE Women's Centre Ltd (Private Company Limited by Guarantee) Legal and Administrative Information

Trustees and directors Trustees and directors O Lumley**
R Yaprak** (resigned 4 December 2023)
Y S Kayikci**
Y Pinar**
A Saydar** (resigned 8 March 2024)
R Aksac**
Dr S Nisancioglu**
A Ozmen**
N Yazici**
** - Management committee members are also, for the purpose of the Companies Act 2006,
company directors.
Company secretary: S Dur
Key management & personnel S Dur Executive Officer
Administration and registered
office: 2 Newington Green Road
London
N1 4RX
Charity registration no.: 1101882
Company registration no.: 04262910 (England & Wales)
Reporting Accountants Akademi Accountancy
Certified Public Accountants
59-60 Market Square
London
N9 0TZ
Bankers: Co Operative Bank
Funding authorities: L B Islington
L B Camden
London Councils
MOPAC (Mayor's Office of Policing and Crime)
L B Hackney
L B Haringey
Henry Smith
Big Lottery
IBAA (Islington BAMER Advice Alliance)
L B Islington VCS
L B Islington Healthwatch
London Community Foundation
Lloyds Foundation
GLA (Greater London Authority)

Page 1

IMECE Women's Centre Ltd (Private Company Limited by Guarantee) Directors' & Trustees' Report for the Year Ended 31 March 2024

The trustees are pleased to present their annual directors' report for the year ended 31 March 2024 which is also prepared to meet the requirements for a directors report and accounts for Companies Act purposes.

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and 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 (FRS102).

Structure, Governance and Management

Governing Document

IMECE Women's Centre Limited is a company limited by guarantee and is a registered charity. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1.

Recruitment & Appointment of Trustees

The trustees and directors who have served throughout the year are shown on page 1. Appointment of directors/trustees is governed by the Memorandum & Articles of Association.

New Trustees undergo training on their legal obligations as under Charity Law, the decision making process, the business plan and recent performance of the charity.

Organisational Structure

The charity is organized so that the trustees meet regularly to manage its affairs. The Chief Executive Officer manages the day to day administration of the charity and report to the Trustees at monthly Trustee meetings.

Risk Management

The trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining reserves at the current levels, combined with an annual review of the controls over key financial systems, will provide sufficient resources in the event of adverse conditions.

The trustees have had regard to the guidance issued by the Charity Commission on public benefit.

The trustees also review non-financial risks and these risks are managed by ensuring compliance with all health and safety regulations for children, staff and parents.

Related parties

None of the trustees receive remuneration or other benefit in their capacity as trustees of the charity. Any connection between a trustee of the charity and organisations providing services to the charity must be disclosed to the full board of trustees in the same way as any contractual relationship with a related party. In the current year no such related party transactions were reported.

Pay policy for senior staff

The directors consider that the board of directors, who are the Charity's trustees, and senior management team comprise the key management personnel of the charity in charge of directing, controlling, running and operating the charity on a day to day basis.

The pay of senior staff is reviewed annually and normally increased in with Local Authority pay scales.

Main Activities, Purposes and Objectives

The charity's objects and its principal activities are the provision of educational, social and welfare services for the benefit of the Turkish speaking community in Greater London, particularly the Islington and Hackney areas of London.

Main Achievements

The charity produces a separate Annual Report detailing the main achievements of the charity, identifying the difference the charity's work made to the circumstances of its beneficiaries.

Page 2

IMECE Women's Centre Ltd (Private Company Limited by Guarantee) Directors' & Trustees' Report for the Year Ended 31 March 2024 (Continued)

Financial review

Total income for the year amounted to £952,093 with total expenditure amounting to £905,772 leaving a surplus in the year of £46,321.

Accumulated reserves at the balance sheet date amounted to £420,314, of which £410,753 represent income reserves.

Investment powers and policy

The trustees, having regard to the liquidity requirements of operating the charity's activities, have kept a proportion of available liquid funds in an interest bearing account to maximise the rate of return, although given current rates of interest the rate of return is minimal. The trustees will review the position and consider alternative investments to maximise returns but will continue with a risk averse policy.

Reserves policy and going concern

The Trustees have undertaken a review of the charity's requirements for reserves in light of the main risks to the organisation. As part of this review the charity has set up two funds, namely a 'running cost' fund, 'staff & maternity fund' and 'functional fixed asset reserve', in line with Charity Commission recommendations. The running cost reserve is to cover running costs of the charity of between 3 to 6 months and as at 31 March 2024 stands at £275,000 which is equivalent to four months running costs. The 'staff & maternity fund' is to cover future potential statutory liabilities (redundancy, unpaid holiday & monies in lieu of notice) should the charity cease activities and as at 31 March 2024 stands at £48,000. The building fund has been set up this year to cover future potential liabilities arising from disputes (with joint occupiers) relating to maintainance of the building and stands at £25,000. The functional fixed asset reserve to reflect the fact that the fixed assets held are considered essential for the running of the charity and are therefore not available as reserves. The amount held is equivalent to the NBV of assets held at the balance sheet date.

Plans for future periods

Funding for the year 2024/2025 has been secured from existing funding sources for the Charities' core activities and the aim of the Trustees is to further diversify projects in the provision of services across London.

Trustees responsibilities in relation to the financial statements

The charity trustees (who are also directors of the Company for the purposes of company law) are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

will continue in operation.

The trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the charity 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 charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Directors and trustees

The trustees who are directors for the purpose of company law who have served during the year and up to the date of this report are set out on page 1.

The company has taken advantage of the small companies' exemption in preparing the report above.

The trustees declare that they have approved the trustees' report above.

Signed on behalf of the charity's trustees/directors

…………………………………………………………………

S Dur

Company Secretary

Date: 13 November 2024

Page 3

IMECE Women's Centre Ltd INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF IMECE WOMEN'S CENTRE

I report to the Trustees on my examination of the accounts of IMECE Women's Centre (the charity), charity number 1101882, for the year ended 31 March 2024, which are set out on pages 5 to 14.

Responsibilities and basis of report

I report to the trustees on my examination of the accounts of the above charity ("The Trust") for the year ended 31 March 2024.

As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act").

I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145((5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with my examination which gives me cause to believe that in, any material respect:

I have no concerns and have come across no other matter 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.

Y Kul Akademi Accountancy Certified Public Accountants

500 White Hart Lane London, N17 7NA

Date: 13 November 2024

Page 4

IMECE Women's Centre Ltd (Private Company Limited by Guarantee) Statement of financial activities for the year ended 31 March 2024

==> picture [483 x 392] intentionally omitted <==

----- Start of picture text -----
Unrestricted/
Restricted Designated Total Total
Notes Funds Funds 2023/24 2022/23
£ £ £ £
Income:
Donations and restricted grants 3 874,861 874,861 794,434
Income from Charitable activities:
Income generation 4 - 58,799 58,799 3,157
Income from other charitable activities
Fundraising & other income 5 - 18,433 18,433 993
Total income 874,861 77,232 952,093 798,584
Expenditure
Expenditure on charitable activities:
Direct Charitable expenditure 6 788,023 30,911 818,934 739,937
Management and administration 7 86,838 - 86,838 44,999
Total expenditure 874,861 30,911 905,772 784,936
Net income/(expenditure) and net movements
in funds before gains and losses on investments
8 - 46,321 46,321 13,648
Interfund Transfer - - - -
-
Total funds brought forward 373,993 373,993 360,345
Total funds carried forward - 420,314 420,314 373,993
----- End of picture text -----

The statement of financial activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing activities.

Page 5

IMECE Women's Centre Ltd (Private Company Limited by Guarantee) BALANCE SHEET AS AT 31 MARCH 2024

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----- Start of picture text -----
Notes 2023/24 2022/23
£ £ £ £
Fixed Assets
Tangible fixed assets 14 9,561 8,173
Total fixed assets 9,561 8,173
Current Assets
Debtors 15 146,093 206,741
Cash at bank and in hand 371,483 234,110
Total current assets 517,576 440,851
Creditors: amounts falling due
within one year 16 (106,823) (75,031)
Net current assets 410,753 365,820
NET ASSETS 420,314 373,993
The funds of the Charity:
Restricted funds 18 - -
Unrestricted funds 18 420,314 373,993
TOTAL CHARITY FUNDS 420,314 373,993
----- End of picture text -----

The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.

Approved by the trustees/directors on 13 November 2024 and signed on its behalf

………………………………………………………………… O Lumley Trustee & Company Director

Page 6

IMECE Women's Centre Ltd (Private Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024

Accounting policies

The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the preparation of financial statements are as follows

Basis of Preparation

The Financial statements have been prepared in accordance with Accounting and Reporting of charities : SORP applicable to charities preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective date 1 January 2015) - Charities SORP (FRS 102), the financial reporting standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

IMECE Women's Centre meet the definition of Charity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy (notes).

Incoming resources

Income (including income from government and other grants) is recognised when the charity has entitlement to the funds, any performance conditions attached to the items of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Interest and investment income receivable

Interest on funds held on deposit and income from investments held is included when receivable and the amount can be measured reliable by the charity.

Fund accounting & transfers between funds

Unrestricted funds are available to spend on activities that further any of the purposes of charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside for a specific purpose. Restricted funds are donations or grants which the donor has specified are to be solely used for a particular purpose or area of the charity's work or projects being undertaken by the charity.

Transfer from unrestricted general and designated funds are at the discretion of the trustees and are disclosed in the financial statements.

Transfers from restricted funds to unrestricted funds take place where a project has been completed and the fund donor has agreed that the charity retain the surplus to be used for the general purposes of the charity.

Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following headings:

Irrecoverable VAT is charged as a cost against the activity for which the expenditure has been incurred.

Taxation

As a grant aided charity with charitable status the charity's activities do not create a charge to corporation tax.

Operating leases

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

Tangible fixed assets

Tangible fixed assets for use by the charity are stated at cost less depreciation.

Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Page 7

IMECE Women's Centre Ltd (Private Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of less than three months from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions

Creditors and provisions are recognised where the charity 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

Financial instruments

The trust has only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. The charity does not acquire put options, derivatives or other complex financial instruments. The main form of financial risk faced by the charity is that of volatility in equity and investment markets due to wider economic conditions, the

Pensions

The Trust operates a defined contribution pension scheme under 'auto-enrolment legislation.

Page 8

IMECE Women's Centre Ltd (Private Company Limited by Guarantee) Notes to the financial statements for the year ended 31 March 2024

1 Legal status of the Trust

The Trust is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.

2 Financial performance of the charity
Income
Expenditure on charitable activities
Expenditure on management and administration
Depreciation
Net income
Total funds brought forward
Total funds carried forward
Represented by:
Unrestricted funds - general
Unrestricted funds - designated
Restricted funds
3 Income from Donations, Grants & Income Generation (restricted)
Grants received in year:
L B Islington - VCS Infrastructure Fund
L B Islington - Samira Project
L B Islington Counselling (Solace Women's Aid)
WISER Project (Solace Women's Aid)
Big Lottery Fund
London Councils - ASCENT Advice & Counselling (Women & Girls Network)
London Councils - ASCENT Ending Harmful Practices (Asian Women's Resource Centre)
London Councils - ASCENT Prevention (Tender)
MOPAC - ASCENT Advice Plus (Asian Women's Resource Centre)
MOPAC - P & ACT (Asian Women's Resource Centre)
MOJ Pact Uplift
London Councils - ASCENT Prevention (AVA)
I B A A
GLA - Floating Support
GLA - NRPF
Henry Smith
L B Hackney By and For IDVA
L B Haringey BME Specialist IDVA
LCF - ANKA Project
Comic Relief PRP
Add: Deferred income brought forward (Note 17)
Add: Accrued income carried forward (Note 15)
Less: Deferred income carried forward (Note 17)
Less: Accrued income brought forward (Note 15)
4 Income from Donations, Grants & Income Generation (unrestricted)
Income generation
Womes's Aid - Client Grant		 2023/24
£
952,093
813,664
86,838
5,270
905,772
46,321
376,186
422,507
62,753
357,561
-
420,314
22,000
148,000
31,592
27,066
84,359
75,567
26,157
-
35,876
29,952
-
25,375
14,792
56,109
45,094
48,400
49,000
210,000
24,520
-
953,859
12,900
146,092
1,112,851
(32,534)
(205,456)
874,861
50,299
8,500
58,799		 2022/23
£
798,584
735,493
44,999
4,444
784,936
13,648
362,538
376,186
92,820
281,173
-
373,993
22,000
105,000
-
27,066
25,292
62,931
35,744
7,658
47,834
30,720
1,629
18,750
14,792
42,560
40,321
51,600
-
-
35,295
3,966
573,158
68,616
205,456
847,230
(12,900)
(39,896)
794,434
3,157
-
3,157

Page 9

IMECE Women's Centre Ltd (Private Company Limited by Guarantee) Notes to the financial statements for the year ended 31 March 2024

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----- Start of picture text -----
2023/24 2022/23
£ £
5 Income from other charitable activities (unrestricted)
Fundraising & donations 17,418 878
Interest receivable 1,015 114
18,433 992
6 Analysis of expenditure on charitable activities
Staff & agency costs 622,975 559,153
Other running costs 190,689 176,340
Depreciation 5,270 4,444
818,934 739,937
Analysis of costs by funds
Restricted 788,023 735,820
Unrestricted 30,911 4,117
818,934 739,937
7 Analysis of governance and support cost
Staff costs 60,481 34,283
Reporting accounts & accountancy fees 6,162 5,880
Other 20,195 4,836
86,838 44,999
Analysis of costs by funds
Restricted - -
Unrestricted 86,838 44,999
86,838 44,999
8 Net income /(expenditure) for the year
This is stated after charging:
Depreciation -owned assets 5,270 4,444
Reporting accountant's remuneration 1,400 1,200
9 Analyses of staff costs, trustee remuneration and expenses, and the cost of key
management personnel
Wages and salaries 632,274 542,254
Employers national insurance 42,038 42,038
Pension costs - (defined contribution pension plan) 9,144 9,144
683,456 593,436
The average number of staff employed during the year
were as follows:
Direct charitable 22 21
Administration & support 2 1
24 22
The number of employees whose emoluments as defined for taxation purposes amounted
to over £60,000 in the year were as follows: - -
----- End of picture text -----

10 Trustees' remuneration

The trustees were not paid or received any other benefits from the Charity during the year in their capacity as trustees.

11 Related party transactions

There were no related party transactions to be disclosed during the year under review.

Page 10

IMECE Women's Centre Ltd (Private Company Limited by Guarantee) Notes to the financial statements for the year ended 31 March 2024

12 Government Grants

Income from grants comprises of grant funding made available by funding authorities and private entities to fund specific projects undertaken by the Charity. See note 4 for more information and to the amount and sources of these grants.

13 Corporation Tax

The Charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

14 Tangible fixed assets
Cost:
At 1 April 2023
Additions
At 31 March 2024
Depreciation
At 1 April 2023
Charge in year
At 31 March 2024
Net book value
At 31 March 2024
At 31 March 2023
Analysis net book value of functional fixed assets:
Unrestricted - functional fixed assets
15 Debtors
Amounts due within one year:
Prepayments and accrued income
Accrued income - restricted
Accrued income - un-restricted
Prepayments
16 Creditors
Amounts falling due within one year:
Other taxation & social security
Deferred Income - restricted
Deferred Income - unrestricted
Other creditors & accruals
17 Deferred income
Deferred income comprise advance receipt of grant funding for 2023/24
Balance as at 1 April 2023
Amount released to income earned from charitable activities
Amount deferred in the year
Balance as at 31 March 2024		 Computer
Equipment
£
26,937
6,658
33,595
18,764
5,270
24,034
9,561
8,173		 Office
Equipment
£
18,902
-
18,902
18,902
-
18,902
-
-
2023/24
9,561
9,561
146,093
-
-
146,093
12,469
32,534
28,380
33,440
106,823
56,154
(56,154)
60,914
60,914		 Total
£
45,839
6,658
52,497
37,666
5,270
42,936
9,561
8,173
2022/23
8,173
8,173
205,457
640
644
206,741
10,285
12,900
43,254
8,592
75,031
74,191
(74,191)
56,154
56,154

Page 11

IMECE Women's Centre Ltd (Private Company Limited by Guarantee) Notes to the financial statements

for the year ended 31 March 2024

==> picture [484 x 348] intentionally omitted <==

----- Start of picture text -----
18 Analysis of funds: 2023/24
Restricted B/Fwd Income Expenditure Transfers C/fwd
VCS Infrastructure - 22,000 (22,000) - -
- - -
Samira Project 148,000 (148,000)
- - -
Wiser Project 27,066 (27,066)
- - -
Ascent , Advice & Counselling 75,593 (75,593)
Ascent Advice Plus - 47,834 (47,834) - -
Ascent Prevention - 25,500 (25,500) - -
- - -
LCF ANKA Project 4,086 (4,086)
- - -
Ascent Ending Harmful Practices 35,372 (35,372)
- - -
GLA - Floating Support 56,109 (56,109)
GLA - NRPF - 48,604 (48,604) - -
- - -
Henry Smith 49,200 (49,200)
- - -
Big Lottery Fund 84,359 (84,359)
P & ACT - 39,936 (39,936) - -
- - -
L B Haringey BME Specialist IDVA 105,000 (105,000)
- - -
L B Hackney By and For IDVA 49,000 (49,000)
IBAA - 14,792 (14,792) - -
- - -
L B Islington Counselling 42,410 (42,410)
- 874,861 (874,861) - -
Unrestricted:
Functional fixed assets 8,173 - (5,270) 6,658 9,561
- - -
Staff & maternity fund 48,000 48,000
- - -
Building fund 25,000 25,000
- -
Running costs fund 225,000 50,000 275,000
General reserve 92,820 77,232 (25,641) (81,658) 62,753
-
373,993 77,232 (30,911) 420,314
Total Funds 373,993 952,093 (905,772) - 420,314
----- End of picture text -----

Inter Fund Transfers

Transfers from restricted funds to unrestricted as shown above relate:

-Purchase of functional Fixed Assets funded by restricted grants.

-Projects which have ended and the charity has received permission from funder to retains surplus funds to be used for the general purposes of the charity, at the discretion of the trustees.

Restricted funds:

VCS Infrastructure: F unding core staff members' salaries, overhead costs and organisational development.

Wiser Project (Solace Women's Aid): Targeting women facing severe and multiple disadvantage.

Ascent Advise & Counselling (Partnership Project) : - Providing VAWG advice and counselling via the London VAWG consortium partnership.

Ascent Ending Harmful Practices (Partnership Project): Providing VAWG and counselling via the London VAWG Consortium Partnership - BME specialist partnership.

GLA-NRPF: Targeted project support to BME women with NRPF issues.

Samira Project: Partnership project funded by L B Islington supporting BME women aged 16+ who have been subjected to VAWG including, domestic violence (DV) & harmful practices.

GLA - Floating Support: Increase survivor safety over time, to reduce and remove harm for victims/survivors. This partnership, which is run by 11 specialist DA organisations, delivers trauma-informed, wrap-around, client led support for those in safe accommodation.

Henry Smith Volunteer peer support project: IMECE will recruit and train volunteers from the community for them to support other women in the community via workshops, awareness raising and training community champions.

Page 12

IMECE Women's Centre Ltd (Private Company Limited by Guarantee) Notes to the financial statements for the year ended 31 March 2024

18 Analysis of funds (continued):

Big Lottery Fund: Partnership with two other community organisations namely Minik Kardes and Derman. The project aims to provide holistic wrap around service to families in Hackney and Islington. IMECE provides domestic abuse counselling services to women, whilst Minik Kardes provides outreach services and Derman provides family therapy.

P & ACT: T his is a specialist targeted partnership of BAMER organisations in the London VAWG Consortium. We are providing specialist advocacy and counselling to BAMER women subject to domestic abuse and harmful practices.

L B Islington Counselling: The project is funded by L B Islington Council in partnership with Solace Women's Aid to improve service provision for those affected by VAWG.

L B Haringey BME Specialist IDVA: Providing crises intervention support to all BAME women living in Haringey. Working with all levels of risk.

IBAA Partnership: Advice partnership where IMECE provides advice to Turkish, Kurdish and Cypriot Turkish and any other Turkish speaking women.

LCF ANKA Project - Recovery, resettlement and resilience project. IMECE provides one-one long term practical support, resilience groups and follow up check-ins after case closures.

L C Ascent Prevention: Funded by London Councils aims to strengthen schools' responses to tackle gender-based violence by embedding a 'Whole School Approach' to prevention.

Ascent Advice Plus: Additional resource funded by MOPAC to increase capacity of LC Advice & Counselling work.

L B Hackney By and For IDVA: Service support with casework crisis intervention support Hackney Black African and Carribbean heritage women effected by VAWG and Harmful Practices who have been deemed high risk and current MARAC intervention.

Unrestricted & designated funds:

Functional fixed assets: Funds set aside equivalent to net book value of assets held at the balance sheet date to reflect the fact that these reserves are not free funds..

Staff & Maternity Fund: Funds set aside to cover maternity pay in excess of SMP and future redundancy costs should the charity cease activities.

Running Costs Fund: Funds set aside to cover running costs for four to six months should funding cease to enable the charity to secure alternative sources of funds.

Building Fund: Funds set aside to cover future potential liabilties arising from disputes relating to maintenance of the building and potential legal costs arising from such disputes.

General reserve: The fund represents the free funds of the charity which are not designated for a particular purpose.

Page 13

IMECE Women's Centre Ltd (Private Company Limited by Guarantee) Notes to the financial statements for the year ended 31 March 2024

18 Analysis of funds (continued):

Analysis of funds by project
VCS Infrastructure
Samira Project
Wiser Project
Ascent , Advice & Counselling
London Community - ANKA
Ascent Ending Harmful Practices
GLA - Floating Support
GLA - NRPF
Comic Relief PRP
Henry Smith
Big Lottery Fund
P & ACT EHP
L B Haringey IDVA
IBAA
L B Islington - Solace Women
Unrestricted:
Functional fixed assets
Staff & maternity fund
Running costs fund
General reserve
Total Funds
Analysis between fund balances
Tangible fixed assets
Cash at bank and in hand
Other net current assets/ (liabilities)
Tangible fixed assets
Cash at bank and in hand
Other net current assets/ (liabilities)		 B/Fwd
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
4,231
48,000
225,000
83,114
360,345
360,345		 Income
22,000
105,000
27,066
148,839
35,295
35,372
56,587
49,013
72,582
38,700
23,193
39,934
105,000
14,792
21,061
794,434
-
-
-
4,150
4,150
798,584		 Expenditure
(22,000)
(105,000)
(27,066)
(148,288)
(35,295)
(35,372)
(54,786)
(45,020)
(72,582)
(38,700)
(23,193)
(39,934)
(105,000)
(6,233)
(19,020)
(777,489)
(4,445)
-
-
(3,002)
(7,447)
(784,936)
Restricted
£
-
-
-
-
Restricted
£
-
-
-
-
2022/23		 Transfers
-
-
-
(551)
-
-
(1,801)
(3,993)
-
-
-
-
-
(8,559)
(2,041)
(16,945)
8,387
-
-
8,558
16,945
-
Unrestricted
£
9,561
371,483
39,270
420,314
Unrestricted
8,173
234,110
131,710
373,993
2023/24
2022/23		 C/fwd
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
8,173
48,000
225,000
92,820
373,993
373,993
Total
£
9,561
371,483
39,270
420,314
Total
£
8,173
234,110
131,710
373,993

19 Analysis between fund balances

20 Post-balance sheet events

The trustees, having made enquiries with senior members of staff confirm that there are no post balance sheet events which require disclosure in the financial statements.

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