Hibiscus
Charity Registration No. 01104094
Company Registration No. 04533442 (England and Wales)
A Company limited by guarantee not having a share capital
and a registered charity
TRUSTEES, REPORT
AND FINANCIAL STATEMENTS
FOR THE YEAR
ENDED 31 MARCH 2024

Hibiscus
Charity Registration No. 01104094
Company Registration No. 04533442 (England and Wales)
CONTENTS
Legal and Administrative Information
Trustees, Report
Independent Auditor's Report
16
Statement of Financial Activities
19
Balance Sheet
20
Statement of Cashflows
21
Notes on the Financial Activities
22

Hibiscus
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Therese Prince (Chair, appointed 20.05.24]
Fanana Alam (Finance Lead, appointed 16.09.24)
Rosalyn Akar Grams (Co-chair, from 30.05.23-20.05.24)
Annette Man Kwan So(Co-chair, from 30.05.23-27.11.23]
Anne Noreen Langton (Co-chair, from 27.11.23-20.05.24)
Michael Greenwood (Treasurer, resigned 30.09.24)
Laila Aziz (appointed 05.02.24)
Lara Fatah (appointed 16.09.24)
Sara Khan (resigned 05.02.24]
Elanor Lee (appointed 16.09.24)
Roselin Mgbezeh (professionally known as Roz Morrison)
Louise Swan
Klara Skrivankova
Lutendo Wigman (appointed 16.09.24)
Rachel Youngman (resigned 30.05.23]
Chief Executive
Baljit Banga (appointed 02.10.23J
Kate Shurety (Interim CEO from 27.10.22 to 02.10.23J
Marchu Belete (resigned 02.06.23)
Secretary
Mufeedah Bustin
Charity number
Company number
01104094
04533442
Principal address and registered office
356 Holloway Road
London
N7 6PA
Auditors
Kingston Burrowes Audit Ltd
308 Ewell Road
Surbiton
KT6 7AL
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The Trustees present their Report and Financial Statements for the year ended 31 March 2024.
The Trustees have adopted the provi5ion5 of the Statement of Recommended Practice (SORP) "Accounting
and Reporting by Charities" Charities Act 2011, Companies Act 2006 and UK GenerallyAccepted
Accounting Practice. In preparing this report, the Trustees have taken advantage of the small company's
exemptions provided by Section 415A of the Companies Act 2006.
Objectives
The key charity objectives of Hibiscus Initiatives, hereinafter referred to as Hibiscus, are to:
relieve the poverty and the emotional, practical, social, and legal needs of persons, in particular but
without limitation women, especially those, who have been affected by criminal and social justice issues;
advance public education about such persons"
undertake any other charitable objective.
Our Vision
To build a fair and just society where inequalities are eliminated from the criminal justice and immigration
systems.
Our Mission
Hibiscus enables Black and minoritised migrant women interacting with the immigration and justice
systems to rebuild their lives. Our mission is to:
provide advocacy, support and specialist services to Black and minoritised migrant women
enable informed choices
promote social justice and respect
support positive relationships, health and mental wellbeing
reduce inequalities
prioritise the importance of being a proactively anti-racist organisation with an anti-racism strategy
influence change to make the criminal justice and immigration systems fairer
Our Values
Integrity: To be pro-active in our intentions, for our work and actions to reflect the values we hold as an
organisation.
Respect: To respect our colleagues, stakeholders, and the women and families we support. Even when we
disagree, to see each other as full human beings, with struggles and dreams.
Learning & Innovation: To be curious. To invest in our staff to develop and grow. To find new and
innovative ways of supporting migrant women to rebuild their lives. To reflect honestly when things
haven't gone right.
Inclusive: To centre those with lived experience throughout what we do. Being an ally, co-producing
services, research and articles. To be inclusive in a meaningful way, to support our clients to be part of
Hibiscus as employees and trustees.
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Activities
Hibiscus is the UK'S leading organisation working with Black, minoritised and migrant women and their
families, at the intersection of the immigration and Criminal Justice System (CJSI. Following the instigation of
our five-year 2023-2028 strategy, and in parallel with Hibiscus, contract with the Home Office ending, our
work supporting men in detention came to an end during the financial year. We are now a women-only
organisation.
As a result of the changes to our activities, we have restructured our service delivery teams and our principal
activities fall into the following strands:
Community and Women's Centre
Specialist advocacy and advice services to women in the community
Safe homes housing project
Courts advocacy service
Criminal Justice and Detention Services
Specialist advocacy and advice services to women in prisons
WrapAround and through-the-gate support
Specialist welfare support to women in detention
Specialist support to families facing forced removal
Policy and Public Affairs
Influencing of policy and public perception
Working to end the intersectional discrimination that Black and minoritised migrant women
experience in the Criminal Justice System
o An alternative approach to 'Cultural Mediation,
Violence Against Women and Girls work
Anti-Trafficking influencing work
Heritage Project
As reflected in all the strands, Hibiscus exists to provide advocacy, advice, support and specialist services to
empower service users to enable informed choices and positive change. Support takes many forms and can
include: help to acce55 trauma-informed support including legal advice/representation' support with family
related issues. social services" housing. mental health and well-being" education and training. and help settling
into the community. An element of our work that runs through all strands is to research, communicate and
raise awareness of the issues faced by our clients, with a view to influencing policymakers.
TheTrustees, in making decisions about the activities, have had due regard to the Charitycomrnission's public
benefit guidance when exercising any powers or duties to which the guidance is relevant. All activities are
considered by the Trustees to be in the public benefit.
All of our funders require ongoing and end of project reports and have been Satisfied that the outcome
requirements have been met or exceeded.
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Achievements and Performance
Community & Women's Centre
CommunityTeam
Our community team provides specialist, trauma-informed support to Black and minoritised migrant women
affected by the criminal justice system, immigration restrictions and/or survivors of trafficking, across the
Greater London area. Funding for the team came from a number of sources including Esmée Fairbairn
Foundation, the National Lottery Reaching Communities Fund, Bell Foundation, The Forrester Family
Foundation, and The Oak Foundation.
In total over the course of the year we sUPPOrted 176 women with individual casework, advice and
advocacy. The most common areas of need were for immigration and legal support {108 women)"
accommodation (98}. finance, benefits and debt (98) and mental health (781 or physical health (651.
We continue to see a heightened level of need from women accessing casework support, with continued
delays to immigration decisions, tribunals, and criminal justice proceedings, and consequent impact on
women's practical situations, mental and emotional health. Recent legislation including the Nationality and
Borders Act and Illegal Migration Act, and ongoing hostile rhetoric from the UK government surrounding
migrants is resulting in many vulnerable women being left unprotected and their right to asylum and
National Referral Mechanism (NRMI applications under threat. Lack of suitable housing, financial
destitution made worse by the rising cost of living, difficulties accessing legal support and mental health
treatment are all key areas of concern.
Alongside our casework services we deliver a comprehensive programme of group and l-l atttvities at our
North London Women's Centre, focusing on three overlapping strands of practical support, wellbeing and
empowerment and agency. Highlights included special events for Refugee Week. Black History Month,
summer trips to Kew Gardens and the V&A museum, and the end-of-year client Christmas party.
Partnership working is an essential element of the Women's Centre, and we are grateful to all our partners
this year, including:
Street Talk - providing individual trauma-informed counselling to women who have experienced
trafficking or modern slavery
Protea Clinic ~partnership with law students at King's College, London, and solicitors at Hammersmith &
Fulham Law Centre, and Sutovic & Hartigan to offer one-off immigration legal advice
Gillespie Park Ecology Centre new partnership this year offering women the opportunity to grow
flowers, herbs and food at a local community garden
Courts Advocacy Service
Launched in November 2023, our Courts project provides specialist advice and advocacy to migrant women
appearing as defendants at Westminster Magistrates Court. Two part-time project workers provide women
with information and support to understsnd and navigate the courts process, as well as conducting an initial
needs assessment to identify and refer women to appropriate support, including Hibiscus, community or
prison services.
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Safe Housing for Women project
Funded by the Oak Foundation, this project aims to address the lack of safe and suitable accommodation for
migrant women through a combination of specialist housing advocacy, working with housing providers to
improve practice, and influencing positive changes to policy to increase housing options for migrant women.
In all these areas we will work to empowerwomen with lived experience of insecure housing or homelessne55
to partner in creating change. A notable achievement in the first year of the project was successfully
campaigning with other partners to reverse the Home Office 7-day move on policy for asylum seekers when
granted refugee status. Introduced in August 2023, the policy was dropped by the government in December
2023.
Criminal Justice and Detention Services
WrapAround Service
Our WrapAround Service provides holistic, wraparound support to migrant women in contact with the
criminal justice system across all London boroughs. The service is jointly funded by the Ministry of Justice
and Mayor's Office on Policing and Crime (MOPAC), in partnership with Advance Charity, Women in Prison
and Pecan. Women may be referred by probation, on release from prison, or can self-refer, and receive up
to 12 months intensive support from one of our Wraparound Project Workers before being closed, or
referred on to our community team if they need further ongoing support. Due to a series of staffing
challenges, the service operated at reduced capacity for much of the past year. but despite this we were
able to support 66 women in 2023-24. and the team is now back to full capacity.
Specialist Advocacy and Advice Services to Women in Prisons
We continue to work with migrant women in three prisons: HMP Bronzefield, HMP Peterborough and HMP
Downview. During the year, Hibiscus recruited two new members of stsff to the team, including a specialist
Through-the-Gate project worker. We continue to Vislt each prison weekly to provide individual advice,
advocacy and emotional sUPPOrt to migrant women. as well as delivering workshops or group activities for
events such as Eid, Refugee Week and Black History Month. We also operate a phone helpline service I
day/week for women from HMP Peterborough to contact us for additional support between visits. and
since January have expanded this to cover all 3 prisons. Over the last year we have supported 157 women
in prison, providing 348 face-to-face appointments, 92 telephone appointments, and reaching 121 women
through our activity programme.
Specialist Welfare Support to Women in Detention
Our work in the immigration removal centres (IRC'S) this year continued to provide specialist welfare
support in Yarl's Wood IRC. whilst navigating some significant changes to the projects at Heathrow and
Derwentside IRC 's, and Gatwick PDA. The women's specialist services project at Derwentside IRC ended
in August, and our projects delivered in Sahara Unit at Heathrow were impacted by the closure of the unit in
November, and Gatwick PDA was closed in January for refurbishment. Our contract with the Home Office
ended during the financial year resulting in the discontinuation of international resettlement work across all
locations. Our focus was on implementing a smooth exit strategy, including supporting residents to
establish connections with local partners to bridge service gaps and arrange alternative support. We are
conscious of the needs of women detained in IRCS and have begun exploring new ways to provide
advocacy and advice and have since been developing this at Yarl's Wood.
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Over 1,200 people in IRC'S have been supported in the last year. We observed increases in the number of
Albanian, Brazilian and Romanian nationals across all Cent￿5, as well as rising numbers of people from
Timor-Leste. Despite the changes and the evolving landscape of the immigration estate, the team continued
to provide essential services to those detained, striving to address their complex needs effectively. Between
October and December staff carried out preparatory work for five families expected to arrive at Gatwick
PDA and were on-site to offer specialist welfare support to the three that did. Gatwick PDA closed in
January for reconfiguration of the space and it will be closed until early 2025.
Hibiscus, interaction and model of support within IRCS is short term, and we are developing our impact and
outcomes assessment to be adaptable to this. We regularly receive qualitative feedback from those we have
supported which gives an indication of the impact of this work:
'A great help you were to me in how you handled my situation. It was certainly a shining light in an
unfortunate and dark time..
°First of oll I would like to thank you for understanding my situation and my story. Your work is incredible."
°Thank you Hibiscus for your support.... .1 am able to support my children, they were happy to see me. I
Thank you again for talking to me in Yarl s Wood because I was stress. Everyday I see you, I smile."
"Thank You So Much for your help Madam during the tuff time i am so glad for your help you Supported me
alot when i am feeling low"
We delivered 80 themed workshops and focus groups across the IRC'S this year. Themed workshops
included International Refugee Week, Black History Month, Easter, Eid and Lunar New Year. Attendance
was high, with the workshops providing a space to come together and connect on different topics, share
stories, support each other, as well as to enjoy the ref￿ShMentS and get involved in activities.
Policy and Public Affairs
Our Policy and Public Affairs team works to influence policy change to improve the access to rights of Black
and minoritised migrant women in contact with the criminal justice and immigration systems. Hibiscus seeks
to influence policy change from the frontline by putting at the forefront our service users, expertise in a
meaningful way. We advocate for change by engaging in different policy processes involving research, and
engagement with key decision makers and stskeholders. Working in partnership with organisations in the
third sector and service users we seek to improve the policy and practices affecting Black and minoritised
migrant women, both highlighting issues in the UK and internationally. Our work focuses on the following
issues..
Reducing homelessness and poverty amongst Black and minoritised migrant women
Better recognition and care for survivors of trafficking
Addressing racial inequalities in the criminal justice and immigration systems
Reducing imprisonment and detention of migrant women, including advocating for community-based
alternatives to incarceration, so it is no longer an option.
Ending the discrimination that Black and minoritised migrant victim/survivors of violence against women
and girls experience when seeking support and justice.
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Our three main objectives in this area are:
We will build the confidence and communication skills of migrant women to enable them to influence
policy making and raise awareness about the issues impacting their lives. We do this centring their
expertise rather than having to re~tell traumatic events of their lives.
We will increase the visibility of Hibiscus as a leading organisation working to provide services to Black
and minoritised migrant women.
We will grow our communication platForms and create more opportunities to reach diverse audiences
and share messages and policy recommendations developed in collaboration with women with lived
experience.
An altemative approach to 'Cultural Mediation,
This year, supported by the Bell Foundation, we conducted research to understsnd approaches to cultural
mediation in Europe. The findings concluded that cultural mediation approaches are mainly used a5
interpreting interventions and are inconsistent in how they are applied. These prattices therefore are neither
designed to address structural barriers and inequalities nor offer comprehensive support to Black and
minoritised and migrant women who are subjected to violence against women and girls (VAWG) (including
trafficking, modern slavery and sexual violence). The evidence showed that the limitations of cultural
mediation practice could cause harm to women who require specialist support from appropriate trauma-
informed spaces. An alternative approach already exists in women's specialist by and for organisations in the
UK, called the wrap-around, traurna-informed, woman-centred and rights-based support developed around
intersectionality to meet the needs of women subjected to all forms of violence.
This model, implemented within Hibiscus, is characterised by the provision of services free of judgement
3nd harm, including the prevention of repeat and Secondary victimisation and re-traumatisation. This model,
promotes social, racial, and genderjustice, critical to creating support provisions that can address systemic
harm. In this context, engagement with women is holistic and through intersectional lenses.
Violence Against Women and Girls {VAWG) work
Violence Against Women and Girls is a pervasive and prevalent issue in society. For Black and minoritised
migrant women, the experiences of VAWG are often coupled with experiences of institutional and
structural violence and exclusion from sUPPOrt. For our service users, disbelief and criminalisation are
directly linked to intersectional and systemic racism worsened by hostile and punitive immigration policies.
Furthermore, we have identified that the experiences and needs of Black and minoritised migrant women in
contsct with the criminal justice and immigration systems are often overlooked in mainstream debates. In
this context we have actively increased our presence within the VAWG sector.
At an international level, in March 2024 we attended the 140th Session of the Human Rights Committee to
review the UK government's international commitments in Geneva. We presented evidence before the
Human Rights Committee on the harmful impact of hostile environment policies on the women we support.
This experience allowed us to meet with key stakeholders including the Special Rapporteur on VAWG.
Anti-Trafficking work
We continue to expand our influencing work in anti-trafficking. This area is key as a considerable number of
our service users are victims/survivors of this crime. The Anti-Trafficking Steering Group (ATSG) continues to
meet and is dedicated to enhancing Hibi5cus' approach towards anti-trafficking. Funded by Trust for London,
the group works towards the following lines of action: providing a specialised service" professional
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partnerships. enhance knowledge" advocate for change and centring women's voices. The ATSG consolidates
sha￿d learnings on trends and institutional failures to protect victims/survivors of trafficking and modern
slavery. This helps to inform our responses to government consultations, such as the MOJ Civil Legal Aid
consultation. In addition, we have invested efforts in increasing our presence within the Anti-Trafficking
sector to amplify the voice of the Black and minoritised migrant women that we support.
Working to end the intersectional discrimination in the CJS
Black and minoritised and migrant women are subjected to intersectional discrimination and racism when
navigating the CJS. Ourwork on advocating for change has been funded by Barrow CadburyTrust and Lloyds
Bank Foundation, previously under the banner of Double Disadvanta8e. Over this period, alongside our
partners we continued engaging with key stakeholders and government representatives. Together with the
Centre forWomen'sJustice, we have actively engaged with representatives of the Crown Prosecution Service
and the National Police Chiefs Council, highlighting the lack of support for Black and minoritised migrant
women, including those who a￿ victims/survivors of VAWG.
Our partnership work alongside Muslim Women in Prison, Zahed Mubarek Trust, Criminal Justice Alliance,
Agenda Alliance and Women in Prison, has undertaken a strategic review and consultation, adopting the new
name Women'sjustice Reimagined.. campaigning for intersectionaljustice for her. Women with lived-experience
were included in this process to ensure their representation and expertise was considered.
Heritage Project
Our project to celebrate our 35-year history, funded by the Heritage Lottery Fund, concluded this year. We
recorded eight oral history interviews, which will be submitted to the Black Cultural Archives and made
accessible to the public. The oral history sound clips can be found here: The Herita
e Pro
ect Worksho
Hibiscus Initiatives . We also ran eight workshops with over 10 wornen volunteers to develop their storytelling
skills, which we took to six other Women's Centres in London and nationally.
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Financial Review
The Trustees considerthat the main risk the charityfaces is not being able to raise sufficient funds to continue
providing its core services. To mitigate this, the fundraising programme is continually reviewed and the
Trustees are very aware of the necessity to ensure that the charity has sufficient reserves. The Trustees have
also examined other operational and business risks faced by the charity and can confirm that suitable
measures have been taken, wherever possible, to mitigate any significant risks. The Finance & Compliance
Sub -committee review and update the risk register on a quarterly basis and report to the Board. Our funders
are as listed in notes 2 and 3 to the accounts.
Total income for the year rose by 8/, from £1,728,016 in 2022/2023 to £1,873,894 in 2023/2024.
Donations increased by £31,225, largely due to a one-off contribution. Bank interest income also rose
significantly from £1,934 last year to £12,084 this year. Income from grants and contracts for our work
increased by £104,503. In line with rising income, expenditure also grew, totalling £1,815,182 compared to
previous year's expenditure of £1,603,654.
The totsl funds held at 31st March 2024 were £918,946 of these £21.093 a￿ restricted, £222,000 are
designated, and general funds stand at £675,853 up from £603,083 in the previous year.
The purpose of the restricted funds held is to further the work in the relevant service areas in accordance
with the conditions of funding. See note 16.
Trustees have reviewed and re-designated reserves to set aside funds to meet financial obligations to
employees and others in the unlikely event of the charity ceasing to exist. Other funds are set aside to meet
potential costs outside the annual budget. Our current level of general reserves maintains almost five months
of operating costs based on 2023/24 expenditure. Expenditure levels are anticipated to fall in 2024/25 to c.
£1,400,000, and reserve5 will be utilised for this eventuality as well.
Designated funds at March 2024 were £222,000 increased from £203,385 to meet the projected increased
costs of contractual obligations and wind-down costs.
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Our Strategy
From 2023 - 2028 Hibiscus is focusing our work on our five-year strategy to ensure that we become a
more impact-led, trauma informed, anti-racist and service user centred organisation.
Theory of Change
Forming from ourTheory of Change, our five-year strategy will focus on four key areas of work:
Personal/Lived Experience:
We will continue to work directly with Black and minoritised migrant women at every point in the
criminal justice and immigration systems, to provide emotional and practical support and to enable
them to influence change.
+5 Practice
We will work with institutions within the criminal justice and immigration systems as well as with
stakeholders and other NGO partners, to help improve understanding, service provision and support
to create fairer practices. By identifying victims of trafficking and influencing the treatment of
marginalised women through advocacy. training, too15 and resource, we influence institutions and
staff to understand the needs of migrant women and implement better, fairer practices.
Policy
We will work collaboratively with other organisations to campaign for policy change. Hibiscus will
provide evidence and the voice of Black and minoritised migrant women themselves to influence policy
and practice. By providing a platform for women with experience of the criminal justice and
immigration system to influence policy and practice, policy and decision makers understand their
experiences and implement fairer, more humane policies.
Public opinion
We will provide communication platForms for Black and minoritised migrant women with lived
experience of the criminal justice and immigration systems to be heard in the media. We will work to
ensure honest, accurate, representstive coverage in the media about the experiences of migrant
women.
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Structure, Governance and Management
Hibiscus Initiatives is a company limited by guarantee without share capital incorporated on 12
September 2002 and registered with the Charity Commission on 2 June 2004 as a charity. Its governing
rules are its Memorandum and Articles of Association.
Prior to its incorporation the charity had operated since 1986 as an unincorporated charity under the
name Female Prisoners Welfare Project. On incorporation it became FPWP Hibiscus Limited and
changed its name to Hibiscus Initiatives Ltd by special resolution on the 9th September 2013 (later
dropping the "Ltd" on 20 November 2014). The Articles of Association were reviewed and updated
during 2014 and formally adopted in Ottober 2014.
While day to day responsibility is delegated to the Chief Executive. Baljit Banga and her senior leadership
team, overall responsibility rests with the Board. Strategic decisions and those relating to conditions of
employment for the Chief Executive and senior leadership team are made by the Board and where
appropriate with the assistance of external professional experts.
The Chief Executive works closely with the Board and the senior leadership team. Senior staff each
manage a team of skilled staff and send regular departmental reports on their projects, work to the
Board.
Hibiscu5' administrative structure and governance arrangements are a crucial part of the organisation,
driving performance and keeping delivery on track. We worked to achieve the aims set out in the
strategic plan and particular attention was paid to ensure staff training and support needs were met.
The Board of Trustees and Directors of the Company
Selection and appointment of trustees is govemed by the charity's Articles of Association. The
organisation requires that all trustees have a clear understanding of the critninal justice system and the
needs and issues surrounding women in prison, including migrant prisoners, those held in immigration
removal centres in the UK, those released from both prisons and immigration removal centres , and
issues surrounding trafficking and modern day slavery.
The directors of the charitable company are its trustees for the purposes of charity law. The Trustees who
have served during the year and since the year end were as follows:
Therese Prince {Chair, appointed 20.05.241
Farzana Alam (Finance Lead, appointed 16.09.24)
Rosalyn Akar Grams (Co-chair, from 30.05.23-20.05.24)
+ Annette Man Kwan So(Co-chair, from 30.05.23-27.11.23)
Anne Noreen Langton (Co-chair, from 27.11.23-20.05.24)
Michael Greenwood rfreasurer, resigned 30.09.24}
Laila Aziz {appointed 05.02.241
Lara Fatah (appointed 16.09.24)
Sara Khan Iresigned 05.02.24)
Elanor Lee (appointed 16.09.241
Roselin Mgbezeh (professionally known as Roz Morrison)
Louise Swan
Klara Skrivankova
Lutendo Wigman (appointed 16.09.241
Rachel Youngman (resigned 30.05.23)
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New Trustees are inducted into Hibiscus and made aware of the full range of their responsibilities. New
Trustees are partnered with a more experienced Trustee for support, guidance and advice. The training
and induction programme enables Trustees to learn about Hibiscus in a structured way so that they are
able, from the start, to understsnd and subscribe to the charity's objectives. This is supplemented by
visits to places where Hibiscus works. including the women's centre. detention centre5 and prisons if
they wish. Reports on Hibiscus, activities are presented at each Board meeling and this means that over
time Trustees become familiar with the full range of work carried out by Hibiscus. Trustees attend
Hibiscus events wherever possible and meet service users and key stskeholders.
Key management salaries are set as part of the overall staff salary structure by the Chief Executive and
approved by the Board through the annual budget approval process. The Chief Executive's salary is set by
the Board. Salary levels are set with reference to the skillset and experience that stsff members need to
have to carry out our charitable activities which is assessed annually.
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Trustees, responsibilities statement
The Trustees, who are also directors of Hibiscus for the purposes of Company Law, are responsible for
preparing the Trustees, Annual Report and the Financial Statements in accordance with applicable law and
United Kingdom Accounting Stsndards (United Kingdom GenerallyAccepted Accounting Practice).
Company law requires the Trustees to prepare Financial Statements for each financial year. Under Company
Law, the Trustees must not approve the financial ststement unless they are satisfied that they give a true
and fair view of the state of affairs of the charitable company and of the incoming resources and application
of resources, including the income and expenditure, of the charitable company for that period. In preparing
these Financial Statements, the Trustees are required to:
select suitable accounting policies and then apply them consistently"
observe the methods and principles in the Charities SORP 2019 {FRS 1021.
make judgements and estimates that are reasonable and prudent.,
prepare the Financial Statements on the going concern basis unless it is inappropriate to presume
that the charitsble company will continue in operation.
The Trustees are responsible for keeping adequate accounting records that disclose with reasonable
accuracy at any time the financial position of the charitable company and enable them to ensure that the
Financial Statements comply with the Companies Act 2006. They are also responsible for safeguarding the
assets of the charitable company and hence for taking reasonable steps for the prevention and detection of
fraud and other irregularities.
In so far as the Trustees are aware:
there is no relevant audit information of which the charitsble company's auditor is unaware. and
the Trustees have taken all steps that they ought to have taken to make themselves aware of any
relevant audit information and to establish that the auditor is aware of that information.
Auditors
The auditors, Kingston Burrowes Ltd, have expressed their willingness to continue in office and a resolution
proposing their re-appointment will be put to the forthcoming Annual General Meeting.
Approval
This report was approved by the Trustees on 25 November 2024 and signed on their behalf, by:
Therese Prince
Chair
Farzana Alam
Trustee ~ Finance Lead
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Independent Auditor's Report to the Members of Hibiscus
Initiatives
Opinion
We have audited the financial statements of Hibiscus Initiatives (the 'charitable company,) for the year ended 31
March 2024 which comprise the Statement of Financial Activities, Balance Sheet, Statement of Cash Flows and
notes to the financial statements, including significant accounting policies. The financial reporting framework
that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including
Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland
(United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial ststementS:
give a true and fair view of the state of the charitable company's affairs as at 31 March 2024, and of its
incoming resources and application of resources, including its income and expenditure, for the year then
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice. and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) {ISAs (UK)) and applicable
law. Our responsibilities under those stsndards are further described in the Auditor's responsibilities for the
audit of the financial statements Section of our report. We are independent of the charitable company in
accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK.
including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with
these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to
provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed. we have not identified any material uncertainties relating to events or
conditions that, individually or collectively. may cast significant doubt on the charitable company's ability to
continue as a going concern for a period of at least twelve months from when the financial statements are
authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the
relevant sections of this report.
Other information
The other information comprises the information included in the trustees report, other than the financial
Statements and our auditor's report thereon. The trustees are responsible for the other information contained
within the trustees report. Our opinion on the financial statements does not cover the other information and,
except to the extent otherwise explicitly stated in our report. we do not express any form of assurance conclusion
thereon. Our responsibility is to read the other information and, in doing so, consider whether the other
information is materially inconsistent with the financial statements or our knowledge obtained in the course of the
audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent
material misstatements, we are required to determine whether this gives rise to a material misstatement in the
financial statements themselves.
16of32

Hibiscus
Independent Auditor's Report to the Members of Hibiscus
Initiatives (cont.)
If, based on the work we have performed, we conclude that there is a material misstatement of this other
information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters p￿ScrIbed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
the information given in the trustees, report (incorporating the directors, report) for the financial year for
which the financial statements are prepared is consistent with the financial ststements., and
the directors, report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charitable company and its environment obtained in the
course of the audit, we have not identified material misstatements in the directors, report.
We have nothing to report in respect of the following matter5 in relation to which the Companies Act 2006
requires us to report to you if, in our opinion:
o adequate accounting records have not been kept. or returns adequate for our audit have not been
received from branches not visited by us. or
the financial statements are not in agreement with the accounting records and returns. or
o certain disclosures of directors, remuneration specified by law are not made. or
o we have not received all the information and explanations we require for our audit. or
o the trustees were not entitled to prepare the financial statements in accordance with the small
companies, regime and take advantsge of the small companies, exemptions in preparing the directors,
report and from the requirement to prepare a strategic reporL
Responsibilities of tmstees
As explained more fully in the trustees, responsibilities ststement set out on page 11, the trustees (who are also
the directors of the charitsble company for the purpose5 of company law) are responsible for the preparation of
the financial statements and for being satisfied that they give a true and fair view, and for such internal control as
the trustees determine is necessary to enable the preparation of financial statements that are free from material
misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability
to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going
concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease
operations, or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtsin reasonable assurance about whether the financial statements as a whole are free
from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our
opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in
accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise
17of32

Hibiscus
Independent Auditor's Report to the Members of Hibiscus
Initiatives (cont.)
from fraud or error and are considered material if. individually or in the aggregate, they could reasonably be
expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures
in line with our responsibilities, outlined above. to detect material misstatements in respect of irregularities,
including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is
detsiled below:
Enquiry of management and those charged with governance about actual and potential litigation or claims
and the identification of non-compliance with laws and regulations.
Reviewing minutes of meetings of those charged with governance.
Reviewing financial statement disclosures and testing to SUPPOrting documentation to assess compliance
with applicable laws and regulations.
Auditing the risk of management override of controls, including testing journal entries and other
adjustments for appropriateness. assessing whether the judgements made in making accounting
estimates are indicative of a potential bias; and evaluating the business rationale of any significant
transactions that are unusual or outside the normal course of business.
Performing analytical procedures to identify any unusual or unexpected relationships that may indicate
risks of material misststement due to fraud.
Professional scepticism in course of the audit and with audit sampling in material audit areas.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including
those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk
increases the more that compliance with a law or regulation is removed from the events and transactions
reflected in the financial statements. as we will be less likely to become aware of instances of non-compliance.
The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves
intentional concealment. forgery. collusion. omission or misrepresentation.
A further description of our responsibilities is available on the Financial Reporting Council's website at:
www.frc.or .uk/auditor5res
onsibilities. This description forms part of our auditor's report.
Use of our report
This report Is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part
16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable
company's members those matters we are required to state to them in an auditor's report and for no other
purpose. To the fullest extent permitted bylaw, we do not accept or assume responsibility to anyone other than
the charitable company and the charitsble company's members as a body, for our audit work, for this report, or
for the opinions we have formed.
Kevin Fisher FCA (Senior Statutory Auditor)
For and on behalf of Kingston Burrowes Audit Ltd
ststutory Auditors
308 Ewell Road
Surbiton KT6 7AL
Dated I b I¥covber 1014
18of32

Hibiscus
Charity Registration No. 01104094
Company Registration No. 04533442 (England and Wales)
STATEMENT OF FINANCIAL ACTIVITIES
Income and Expendlture Account for The Year Ended 31 March 2024
Unrestricted funds
General Designated
funds
fund
GBP (£)
GBP (£1
Restricted
funds
GBP (£)
Totsl
2024
GBP (£)
Total
2023
GBP (£)
Accounts
Notes
Income from: _
Donations and legacies
53,775
53.775
22,550
Charitable activities
826,765
981,270 1,808,035 1,703,532
Investment.. bank deposit
account interests
12,084
12,084
1,934
Total
892,624
981,270 1,873,894 1.728,016
Expenditure on:
Raising funds
21.287
21,287
11,416
Charitable activities
779,952
1.013.943 1,793,895 1,592,238
Total
801,239
1,013,943 1,815,182 1,603,654
Net income/ lexpenditure)
91,385
(32,673)
58,712
124,362
Transfer between funds
17
118,6151
18,615
Net movement in funds
72,770
18,615
(32,673)
58,712
124,362
Reconciliation of funds:
Total funds brought
forward
1611
603,083
203,385
53,766
860.234
735,872
Total funds carried forward
675,853
222,000
21,093
918,946
860,234
All income and expenditure is derived from continuing activities.
There were no recognised gains or losses for 2023 and 2024 other than those included in the
Statement of Financial Activities.
The notes on pages 22 to 32 form part of these financial statements.
19of32

Hibiscus
Charity Registration No. 01104094
Company Re8lStration No. 04533442 (England and Wales)
Balance Sheetas at 31 March 2024
Accounts
2024
GBP {£}
2023
GBP 1£)
GBP (£1
GBP {£)
Current Assets:
Debtors
12
251,055
348,066
Cash at bank and in hand
13
820,235
1,071,290
830,107
1,178,173
Llabilities:
Creditors:
amounts falling due within one year
14
152.344
317,939
Net current assets
918,946
860,234
Totsl Net Assets
19
918,946
860,234
The funds of the charity:
Restricted income
16
21,093
53,766
General funds
17
675,853
603,083
Designated funds
18
222,000
203.385
Total unrestricted funds
897,853
806,468
Total charity funds
918,946
860,234
These accounts have been prepared in accordance with the special provisions of Part 15 of the
Companies Act 2006 relating to small companies.
The Financial Statements were approved by the Board on 25th November 2024 and signed on its
behalf by:
Therese Prince
Farzana Alam
Chair
Trustee- Finance Lead
The notes on pages 22 to 32 form part of these financial statements.
20of32

Hibiscus
Charity Registration No. 01104094
Company Registration No. 04533442 (England and Wales)
STATEMENT OF CASH FLOWS AS AT 31MARCH 2024
Note
2024
GBP (£)
2023
GBP (£)
Cash flows from operating activities:
Net cash provided by/lused in) operating activities
20 (21,956) 347,458
Cash flows from investing activities:
Bank deposit account interests
12,084
1,934
Net cash provided by/{used in) investing activities
12,084
1,934
Change in cash in the reporting period
(9,8721 349,392
Cash and cash equivalents at the beginning of the reporting period
830,107 480,715
Cash and cash equivalents at the end of the reporting perlod
820.235 830,107
The notes on pages 22 to 32 form part of these financial statements.
21of32

Hibiscus
Charity Registration No. 01104094
Company Registradon No. 04533442 (England and Walesl
I. ACCOUNTING POLICIES
General information and basis of preparation
Hibiscus Initiatives is a company limited by guarantee registered in England and Wales. 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.
The address of the registered office is given in the 'Legal and Administrative Information, on page 3 of
this Trustees, Report and Financial Statements.
The charity constitutes a public benefit entity as defined by FRS 102.
The Financial Statements have been prepared in accordance with Accounting and Reporting by
Charities: Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued
in October 2019. the Financial Reporting Standard applicable in the United Kingdom and Republic of
Ireland IFRS 102), The Charities Act 2011, the Companies Act 2006 and UK Generally Accepted
Accounting Practice.
The Financial Statements are prepared on a going concern basis under the historical cost convention.
The significant accounting policies applied in the preparation of these Financial Statements are set out
below. These policies have been consistently applied to all years unless otherwise stated.
Income recognition
Items of income are recognised in the Financial Statements when all of the following criteria are met:
the charity has entitlement to the funds.
any performance conditions have been met or are fully within the control of the charity.
there is sufficient certainty that the receipt of the income is considered probable. and.,
the amount can be measured reliably.
Expenditure recognition
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 that the amount can be measured
reliably.
Expenditure is allocated to each activity where the costs relate directly to that activity. Support
costs, including governance costs, that do not relate directly to any activity are apportioned to
each activity on the basis of staff time.
Expenditure is included under the following headings:
raising funds which comprises the costs associated with attracting voluntary donations and
grants
charitable activities which comprises the costs associated with running the various activities,
services and,
projects for the charity's benef iciaries
22of32

Hibiscus
Chèrity Registration No. 01104094
Company Re8jStratton No. 04533442 IEngland and Walesl
I. ACCOUNTING POLICIES (continued)
Fixed Assets and Depreciation
Tangible fixed assets costing in excess of £1,000 are capitalised and stated at cost less accumulated
depreciation. Fixed assets acquired for a specific project are expensed in the year of purchase.
Depreciation is provided so as to write off the cost of fixed assets at the following annual rates..
Office equipment
25Yo reducing balance
Computer equipment
25% straight line
Fund accounting
Unrestricted general funds are those funds which are freely available for use in furtherance of the
objects of the charity.
Designated funds are unrestricted funds set aside by the Trustees for particular purposes.
Restricted funds are those funds which can only be used in accordance with the wishes of the donor,
or which have been raised for 3 particular purpose.
Leases
Operating lease rentals are charged to the Statement of Financial Activities on a straight-line basis
over the period of the lease.
Pension costs
The charity operates a defined contribution pension scheme. Contributions payable to the scheme are
charged to the Statement of Financial Activities in the year to which they relate.
Debtors and Creditors
Debtors and Creditors with no stated interest rate and receivable or payable within one year are
recorded at transaction price. Any losse5 arising from impairment are recognised in the statement of
Financial Activitie5.
23of32

Hibiscus
Charity Registration No. 01104094
Company Registration No. 04533442 (England and Wales)
2 DONATIONSAND LEGACIES
2024 20231
GBP (£1
GBP (£1
Unrestricted donations
53,775
22,550
Totsl donations and legacies
53,775
22,550
3 INCOME FROM CHARITABLE ACTIVITIES
2024
2023
GBP 1£)
GBP
Restricted grants:
Barrow Cadbury Trust
The Bell Foundation
Esmee Fairbairn Foundation
Esmee Fairbairn Foundation {Capacity Buildin81
The Forward Trust
John Ellerman Foundation
Justice Together
Lloyds Bank Foundation
MAN Charitable Trust
Ministry of Justice Core
Ministry of Justice Services Delivery (Courts)
National Lottery Fund Heritage
The National Lottery Community Fund
Oak Foundation
Advance and Women in Prison {Pan London)
Paul Hamlyn Foundation
The Clothworkers
Trust for London
Women's Centre- National Lottery
500
57,390
100,ocK)
7,795
54,657
23,333
49,999
15,921
50,000
103,713
60,858
35,370
49,131
109.648
71,040
40,883
10,000
14,750
126,281
25,000
42,734
100,000
26,925
50,000
4,000
50,000
14,296
35,369
7.252
67,583
40,600
26,869
113,976
Total restricted grants
981,270
604,603
24of32

Hibiscus
Charity Registration No. 01104094
Company Registration No. 04533442 (England and Wales)
3 INCOME FROM CHARITABLE ACTIVITIES (continued)
2024
GBP (£1
2023
GBP (£1
Serco (PDAI- provision of dedicated welfare services
Serco ISWSI provision of specialist welfare Services
MITIE Care and Custody
Home Office
77,799
61,220
33,533
593,117
220,582
57,120
85,194
678,271
Totsl unrestricted contract income receivable
765,669
1,041,167
Other Unrestricted income
61,096
57,762
Total income from charitable activities
1,808,035
1,703,532
All the expenditures recognised in 2023 and 2024 were unrestricted.
4 NET INCOME / EXPENDITURE
2024
2023
GBP 1£)
GBP 1£)
Operating surplus is stated after charging".
Auditor's fee
3,000
3,000
5 COST OF RAISING FUNDS
2024
GBP (£1
21,287
2023
GBP (£1
11,416
Direct Costs
21,287
Support costs
Fundraising activities
All the expenditure recognised in 2023 and 2024 was unrestricted and for sUPPOrt costs.
25of32

Hibiscus
Charity Registratlon No. 01104094
Company Registration No. 04533442 (England and Walesl
6 COST OF CHARITABLE ACTIVITIES
Support ￿ 2024
costs
GBP 1£)
2023
GBP I£}
costs
Support and advocacy to migrants affected
by the criminal justice and immigration
systems
£1,580,200
£213,695 £1.793.895 £1,592,238
Of the £1,592,238 expenditure recognised in 2023. £1,028,021 was charged to unrestricted funds and
£575,633 was charged to restricted funds.
7 ANALYSIS OF DIRECT COSTS
Raising
Funds
Charitable
Activ
2024
GBP (£1
2023
GBP I£}
Wages and salaries and subcontractor costs
Stsff travel UK
Stsff training and conferences
Overseas resettlement and travel
External consultancy
COVID 19 support
Recruitment
Other direct costs
21,287
1,143.396
52,063
60,909
33,421
125.331
1.164,683
52,063
60.909
33,421
125.331
1,038,425
65,426
29,853
69,940
86,546
15
23,240
66,469
34,897
130,183
34,897
130,183
21,287
1,580,200
1,601,487
1,379,914
8 ANALYSIS OF SUPPORT COSTS
Raisbng Charitable
Funds
Activi
2024
GBP
£1
2023
GBP(
Office cost
Premises Costs
Governance cost (note 91
105,134
105.229
3,332
105,134
105,229
3,332
119,924
100,661
3,155
213,695
213,695
223,740
26of32

Hibiscus
Charity Registration No. 01104094
Company Registration No. 04533442 IEn8land and Wales)
9 GOVERNANCE COSTS
2024 2023 |
GBP
£1
GBP 1£)
3,000
3,000
214
155
118
Audit fees
AGMIAnnual review
Trustee training/membership
3,332
3,155
10 TRUSTEE AND BOARD MEMBER EXPENSES
During the year there were no payments made to Trustees in respect of expenses12023: £2501.
11 STAFF COSTS
Totsl staff wages for the year excluding national insurance & pension were £958,896 (2023. £879,315).
Total social security costs for the year were £88,902 (2023: £83.875).
The average number of employees during the yearwa5 31 (2023: 29).
The total employment benefits received by key management was £200,58212023: £227,792).
There was no employee with emoluments excess of £60,00012023: none).
No employee received monies by way of compensation fortermination of employment12023'. none).
None of the Trustees or members of the Board received any emoluments during the year12023: £nill.
The charity operates a defined contribution pension scheme. Contributions during the year were
£34,009 {2023: £18,172).
Under FRS 102, employee benefits include gross salary, benefits in kind, employer's national insurance
and employer pension costs
During the financial year, the charity engaged a subcontracted CEO to oversee strategic operations
and management. The total payment for this subcontracted CEO amounted to £57,63212023:
£46,334). This expenditure has been included under the "Staff Costs" category. The subcontracting
arrangement was in line with the charity's governance and financial policies, ensuring efficient
management and cost-effectiveness.
12 DEBTORS
2024
GBP (£1
7,755
209,998
12,914
20,388
251,055
2023
GBP 1£)
7,866
321,683
7,010
11,507
348.066
Other debtors
Trade debtors
Pre-payments
Accrual income
27of32

Hibiscus
Chartty Registration No. 01104094
Company Registration No. 04533442 (England and Wales)
13 CASH AT BANK
2024
GBP 1£)
122,024
683,735
14,476
820,235
20231
GBP I£}
525,204
289.485
15,418
830,107
Bank - current account
Bank- deposit account
Cash in hand
14 CREDITORS: AMOUNTS FALLING DUE WITHINONE YEAR
2024
GBP 1£)
26,410
7,400
118,534
2023
GBP (£1
38,597
11,831
267,511
Trade creditors
Sundry creditors and accruals
Deferred income
152.344
317,939
Deferred income analysi5
2024
g.GBP (£)
267,511
118,534
1267,511)
118,534
2023
GBP (£1
116,500
267,511
(116,5001
267,511
Deferred income brought forward
Additions during the year
Amount released to income
Deferred income carried forward
Deferred income of £118,53412023: £267,511) included above relating to grant income received
during the year but relating to future accounting period,
15 OPERATING LEASE COMMITMENTS
The followin8 funds have been set aside out of general ￿Jnd5 by the Trustees:
2024
GBP {£)
2023
GBP (£1
Due within:
One year
One to five years
26,052
24,590
26,052
24,590
At 31 March 2024 the comp3ny had annual commitments of £26,05212023: £24,590) for rent of
premises under non-cancellable operating leases which expire in July 2028 (notice period 6 months).
28of32

Hibiscus
Charity Registration No. 011(14094
Company Re8lStration No. 04533442 (England and Wal￿)
16 RESTRICTED FUNDS
The funds of the charity include restricted funds comprising the following unexpended balances of
grants held on trusts to be applied to specific purposes:
Transfer
between
funds
Balance at
01-Apr-23
GBP
£1
Balance at
31-Mar-24
At 31 March 2024
Income
Expenditure
GBP (£1
GBP
GBP
GBP 1£)
Barrow Cadbury Trust
The Bell Foundation
E5mee Fairbairn Foundation
Esmee Fairbairn Foundation Icapacityl
The Forward Trust
John Ellerman Foundation
Justice Together
Lloyds Bank Foundation
MAN Charitable Trust
5,897
3,308
20,397
500
6,397
60,698
120,419
3,295
61,326
20,522
57,281
15,921
50,000
103,923
54,857
37,353
49,131
109,648
42,370
10,000
5.309
57,390
100,000
7,795
54,657
23,333
49,999
15,921
50,000
103,713
60,858
35,370
49,131
109,648
40,883
10,000
14,750
1221
4,500
6,669
2.811
7,282
Ministry of Justice Core
Ministry of Justice Service (Courts)
National Lottery Heritage Fund
National Lottery Community Fund
Oak Foundation
Paul Hamlyn Foundation
The Clothworkers
Trust for London
Advance Charity and Women in
Prison
National Lottery Community Fund-
Women's Centre
(2101
6,001
1,983
11.4871
9,441
71,040
70,981
59
8,230
126,282
134,512
53,766
981,270
1,013,943
21,093
Full details of the purposes of these funds are in the Trustees report under the Financial Review
section.
29of32

Hibiscus
Charity Registratfon No. 01104094
Company Registra￿On No. 04533442 (England and Wales)
Transfer
between
funds
Balance at
01-Apr-22
GBPI£I
Balance at
31-Mar-23
At 31 March 2023
Income
Expenditure
GBP
£1
GBP 1£)
GBP
GBP
Barrow Cadbury Trust
The Bell Foundation
12891
8.705
736
25,000
42,734
loo,000
26,925
50,000
4,000
50.000
14,296
35,369
7,252
40,600
26,868
18,814
48.132
80,339
20,256
48,836
4,000
49.980
14,296
33,386
7,252
40,142
27,881
5,897
3,308
20.397
6,669
7,282
Esmee Fairbairn Foundation
The Forward Trust
Justice Together
Lloyds Bank Foundation
MAN Charit2ble Trust
6,118
1201
Ministry of Justice Core
National Lottery Heritage Fund
Oak Foundation
1,983
Paul Hamlyn Foundation
Trust for London
Advance Charity and Women in
Prison
National Lottery Community Fund-
Women's Centre
14581
1,013
8,990
67.583
76.573
113,976
105.746
8,230
24,795
604,603
575,632
53,766
17 UNRESTRICTED FUNDS
As at 315t March 2024:
Balance at
01-Apr-23
GBP 1£)
l Transfer
between funds
Balance at
31-Mar-24
Income
Expenditure
GBP (£1
GBP (£1
GBP (£1
GBP (£1
Gener31 funds
Designated funds
Unrestricted funds
603,083
203,385
806,468
892,624
801.239
(18.6151
18,615
675,853
222,000
897,853
892,624
801,239
As at 31st March 2023..
Balance at
01-Apr-22
GBP
Transfer
between funds
Balance at
31-Mar-23
Income
Expenditure
GBPI
GBP
GBP 1£
GBP 1£)
General funds
507,692
203.385
711,077
1,163,590
1,068,199
603.083
203,385
806,468
Designated f unds
Unrestricted funds
1,163,590
1,068,199
30of32

Hibiscus
Charity Reg55tration No. 01104094
Company Regigtration No. 04533442 (England and Wales)
18 DESIGNATED FUNDS
The following funds have been set aside out of general funds by the Trustees:
2024
GBP (£1
177,000
45,000
222,000
2023
GBP I£}
188,385
15,000
203,385
Contractual obligations and wind-down costs
Exceptional costs
During the year, the trustees designated an additional £18,615 to these funds to ensure the financial
sustainability of the charity.
19 ANALYSIS OF NET ASSETS BETWEEN FUNDS
As at 31st March 2024:
Unrestricted funds
GBP (£1
1,050,197
(152,3441
897.853
Restricted funds
GBP 1£
21,093
Totsl
GBP 1£)
1,071,290
(152,3441
918,946
Current 35sets
Current liabilities
As at 31 March 2024
21,093
As at 31st March 2023:
Unrestrlcted funds
GBP I£}
1,124,407
1317,9391
806,468
Restrlcted fvnds
GBP 1£)
53.766
Totsl
GBP [£1
1.178,173
{317,9391
860,234
Current assets
Current liabilities
A5 at 31 March 2023
53.766
31of32

Hibiscus
Charity Registration No. 01104094
Company Registration No. 04533442 (England and Wales)
20 NOTES TO THE STATEMENT OF CASH FLOWS
2024
GBP (£)
2023
GBP (£)
Reconciliation net income/(expenditure)to net cash flow
from operating activities
Net income/(expenditurel for the reporting period (as per
statement of financial activity)
Adjustments for:
Bank deposit account interest
Ilncreasel/decrease in debtors
IDecrease)/increase in creditors
58,711
124.361
112,084)
97.011
1165,5951
(1,9241
119,672
105,359
Net cash provided by/lused in) operating activities
121,956}
347,458
21 CONTINGENT ASSETS
Total grant funding awarded as at 31 March 2024 but notyet received and recognised as income due
to the recognition criteria not being met amounts to £1,014,842
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