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2021-03-31-accounts

The Traveller Movement

(A company limited by guarantee, not having a share capital)

Annual Report and Audited Financial Statements

for the financial year ended 31 March 2021

Allen Tully & Co Chartered Certfified Accountants and Statutory Auditor 19 Palace Square London SE19 2LT

Company Number: 04038939 Charity Number: 1107113

The Traveller Movement

(A company limited by guarantee, not having a share capital) CONTENTS

Page
Reference and Administrative Information 3
Trustees' Annual Report 4 - 6
Statement of Trustees' Responsibilities 7
Independent Auditor's Report 8 - 10
Statement of Financial Activities 11
Balance Sheet 12
Statement of Cash Flows 13
Notes to the Financial Statements 14 - 21
Supplementary Information relating to the Financial Statements 23

2

The Traveller Movement (A company limited by guarantee, not having a share capital) REFERENCE AND ADMINISTRATIVE INFORMATION

Trustees

Ms Pauline Anderson (Chairperson) Mr Joseph Browne (Treasurer) Mr Brian Foster Ms Breda Mahoney Mr Martin Howe Mrs Bridget McCarthy Mr Mark Watson Dr Aileen Anne Marie Kitching Mr John McCarthy

Company Secretary

Mr Brian Foster

Chief Executive Officer

Chief Executive Officer Ms Yvonne MacNamara Charity Number in England and Wales 1107113 Company Number 04038939

Registered Office and Principal Address

Resource for London 356 Holloway Road London N7 6PA

Auditors

Allen Tully & Co Chartered Certfified Accountants and Statutory Auditor 19 Palace Square London SE19 2LT

Bankers

Unity Trust Bank Nine Brindleyplace Birmingham B1 2HB

3

The Traveller Movement (A company limited by guarantee, not having a share capital) TRUSTEES' ANNUAL REPORT

for the financial year ended 31 March 2021

The trustees present their Trustees' Annual Report, combining the Directors' Report and Trustees' Report, and the audited financial statements for the financial year ended 31 March 2021.

The financial statements are prepared in accordance with the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

The Trustees' Report contains the information required to be provided in the Trustees' Annual Report under the Statement of Recommended Practice (SORP) guidelines. The trustees of the company are also charity trustees for the purpose of charity law and under the company's constitution are known as members of the board of trustees.

In this report the trustees of The Traveller Movement present a summary of its purpose, governance, activities, achievements and finances for the financial financial year 31 March 2021.

The company is a registered charity and hence the report and results are presented in a form which complies with the requirements of the Companies Act 2006 and, although not obliged to comply with the Statement of Recommended Practice applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015), the organisation has implemented its recommendations where relevant in these financial statements.

Mission, Objectives and Strategy

Mission Statement

The Traveller Movement is a leading national civil society organization (CSO) committed to the fulfilment of human rights for Gypsy Roma and Traveller the communities. The charity is comprised of GRT people and members of the settled community working together in partnership to address the needs of GRT as minority ethnic groups experiencing discrimination, exclusion and marginalization. This is achieved by acting as a bridge builder bringing the GRT communities, service providers and policy makers together, thereby stimulating debate and promoting forward-looking strategies to promote increased equality, civic engagement, inclusion, service provision and community cohesion.

Objectives

The charitable objectives of the charity are:

Strategy

We are happy to report and share on a wide range of successes and opportunities achieved during the past twelve months using a combination of policy, research, law and human rights based approached underpinned by a community advocacy strategy.

This is delivered through the theory of change model which includes:

We further increased both our strategic engagement with key stakeholders and communities, delivered numerous advice & information workshops, produced policy briefings and research reports, took on a community intern and hosted a number of policy events and held a successful annual conference.

4

The Traveller Movement

(A company limited by guarantee, not having a share capital) TRUSTEES' ANNUAL REPORT

for the financial year ended 31 March 2021

The Traveller Movement meets its public benefit obligation by continuously building relationships with vulnerable and marginalized Gypsy Roma and Traveller people and giving them a vital platform and voice and providing them with culturally sensitive support to improve their life chances.

In planning their operations for the year the trustees have given due regard to the Charity Commission’s guidance on public benefit, specifically guidance for charities addressing disadvantage faced by people who share a protected characteristic.

Review of Activities, Achievements and Performance

The past year has certainly been a turbulent year for the Traveller Movement and indeed the entire sector. The onset of the pandemic Covid19 forced The Traveller Movement like so many other charities to find alternative ways of delivering our funded services. It has presented many challenges for us as a small team and really stretched out capacity but equally brought to the fore the need for a review of all our services. It highlighted some gaps in the organisation skills set that need to be addressed in this changing environment-specially digital skills. It has also presented the need for a restructure and some big decisions about the operational and strategic direction we need to take. As we moved from our Covid 19 pandemic emergency response to recovery, we recognise a need but also an opportunity to review our achievements and develop and implement a new 3-5 year strategic plan for the charity and its operations with an emphasis on an empowered and engaged community.

Facing a number of funding cycle natural end dates and uncertainty of secured funding being deferred due to difficulties with delivering agreed outcomes-the vast majority of the CEO and Trustees time was taken up with fundraising. Needless to say, as you will read in the following pages, this paid off. In fact the organisation doubled its annual turnover and grew considerably over this period.

We increased our staff team, projects, planned a relocation and restructure and review of all our work. Delivery to our service users was paramount. Much of our focus has been on meeting the needs of those most at risk during the pandemic. We developed new projects some of which were: "A Recorded of Our Own", Online Tutoring Support for school children, DV online training and support, the creation of a raft of resources on a dedicated web page and engaged with policy makers.

Our annual conference was delivered online in November and was a real success. Thankfully we had mastered much of the digital skills needed to make this happen by then.

Operationally we invested in some new systems and infrastructure to ensure staff could deliver their work objectives safely from their own homes. Thankfully our funders were exceptionally helpful. We were able to purchase much needed laptops, mobile phones and other small bits and pieces to make the transition from office to home working as seamless as possible.

We started the development process for a new strategic and operational plan as our existing strategic and operational plan expired this March 2020. This project was timely. Given the challenges and the new and ever changing Covid 19 context and environment ahead of us, it was vital that we undertake a full comprehensive review of the charity, its operations, capabilities and strategic direction. This work is ongoing and scheduled to be completed by April 2021.

Overall it was a very challenging year but equally a highly successful one for the Traveller Movement and we certainly meet the challenge head on and won. All of this would not have been possible without the dedication and support received from Funders, Community Members, Advisory Group, staff and trustees who spearheaded much of the challenges with bravery and tenacity.

Financial Review

We had a well-planned fundraising strategy and we secured continuation funding in most areas of work including securing some new funders despite the Covid 19 pandemic. Finally we need to say a massive thank you to all our funders, supporters, partner agencies, pro-bono panel members, stakeholder groups, Trustees, Traveller Advisory Group, staff and volunteers for all their support and hard work throughout the year. 2021-2022 is shaping up to be an exciting year and we look forward to working with the communities and the wider sector in delivering more positive changes for their communities.

Financial Results

At the end of the financial year the company has assets of £516,521 (2020 - £297,466) and liabilities of £128,139 (2020 - £75,870). The net assets of the company have increased by £166,786.

5

The Traveller Movement

(A company limited by guarantee, not having a share capital) TRUSTEES' ANNUAL REPORT

for the financial year ended 31 March 2021

Trustees

The trustees who served throughout the financial year, except as noted, were as follows:

Ms Pauline Anderson (Chairperson)

Mr Joseph Browne (Treasurer) Mr Brian Foster Ms Breda Mahoney Mr Martin Howe Mrs Bridget McCarthy Mr Mark Watson Dr Aileen Anne Marie Kitching

Mr John McCarthy

In accordance with the Articles of Association, the directors retire by rotation and, being eligible, offer themselves for re-election.

The secretary who served during the financial year was:

Mr Brian Foster

Compliance with Sector-Wide Legislation and Standards

The company engages pro-actively with legislation, standards and codes which are developed for the sector. The Traveller Movement subscribes to and is compliant with the following:

Auditors

The auditors, Allen Tully & Co, (Chartered Certfified Accountants) have indicated their willingness to continue in office in accordance with the provisions of Section 485 of the Companies Act 2006.

Approved by the Board of Trustees on ________ and signed on its behalf by:

_____ _____ Ms Pauline Anderson (Chairperson) Mr Joseph Browne (Treasurer) Trustee Trustee

6

The Traveller Movement

(A company limited by guarantee, not having a share capital) STATEMENT OF TRUSTEES' RESPONSIBILITIES

for the financial year ended 31 March 2021

The trustees, who are also directors of The Traveller Movement for the purposes of company law, are responsible for preparing the financial statements in accordance with applicable law and regulations.

Company law requires the trustees as the directors to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the net income or expenditure of the company for that period.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006 the Charities Act 2011. They are also responsible for safeguarding the assets of the 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:

Approved by the Board of Trustees on ________ and signed on its behalf by:

________ Ms Pauline Anderson (Chairperson) Trustee

________ Mr Joseph Browne (Treasurer) Trustee

7

INDEPENDENT AUDITOR'S REPORT to the Members of The Traveller Movement

(A company limited by guarantee, not having a share capital)

Report on the audit of the financial statements

Opinion

We have audited the company financial statements of The Traveller Movement ('the company') for the financial year ended 31 March 2021 which comprise the Statement of Financial Activities (incorporating an Income and Expenditure Account), the Balance Sheet, the Statement of Cash Flows and notes to the financial statements, including the summary of significant accounting policies set out in note 7. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with FRS 102.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and the Provisions Available for Audits of Small Entities, in the circumstances set out in Note 9 to the financial statements, 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 company's ability to continue as a going concern for a period of at least twelve months from the date 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 annual report other than the financial statements and our Auditor's Report thereon. The trustees are responsible for the other information contained within the annual 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. 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.

Opinion on other matter prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

8

INDEPENDENT AUDITOR'S REPORT to the Members of The Traveller Movement

(A company limited by guarantee, not having a share capital)

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' Annual Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees for the financial statements

As explained more fully in the Statement of Trustees' Responsibilities, the trustees 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 they 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 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 management either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain 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 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 detailed below:

The procedures are capable of detecting misstatements in respect of irregularities, including fraud, to a reasonable level of assurance. It is not guaranteed that the audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists.

Further information regarding the scope of our responsibilities as auditor

As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

9

INDEPENDENT AUDITOR'S REPORT to the Members of The Traveller Movement

(A company limited by guarantee, not having a share capital)

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

The purpose of our audit work and to whom we owe our responsibilities

This report is made solely to the 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 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 by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

__________ Katherine Tully (Senior Statutory Auditor) for and on behalf of ALLEN TULLY & CO Chartered Certfified Accountants and Statutory Auditor 19 Palace Square London SE19 2LT

...............................

10

The Traveller Movement

(A company limited by guarantee, not having a share capital) STATEMENT OF FINANCIAL ACTIVITIES

(Incorporating an Income and Expenditure Account)

for the financial year ended 31 March 2021

**Unrestricted ** Restricted Total Unrestricted Restricted Total
Funds Funds Funds Funds
2021 2021 2021 2020 2020 2020
Notes £ £ £ £ £ £
Incoming Resources
Voluntary Income 10.1 22,413 - 22,413 1,104 - 1,104
Charitable activities
Grants from governments 10.2 66,134 435,173 501,307 17,677 263,657 281,334
and other co-funders and
Other Income
Investments 10.3 157 - 157 652 - 652
─────── ─────── ─────── ─────── ─────── ───────
Total incoming resources 88,704 435,173 523,877 19,433 263,657 283,090
─────── ─────── ─────── ─────── ─────── ───────
Resources Expended
Charitable activities 11.1 7,380 349,711
357,091
7,356
243,085
250,441
─────── ─────── ─────── ─────── ─────── ───────
Net incoming/outgoing 81,324 85,462
166,786
12,077
20,572
32,649
resources before transfers
Gross transfers between - -
-
-
-
-
funds
─────── ─────── ─────── ─────── ─────── ───────
Net movement in funds 81,324 85,462
166,786
12,077
20,572
32,649
for the financial year
Reconciliation of funds
Balances brought forward at 21 170,390 51,206
221,596
158,313
30,634
188,947
1 April 2020
─────── ─────── ─────── ─────── ─────── ───────
Balances carried forward 251,714 136,668
388,382
170,390
51,206
221,596
at 31 March 2021
═══════ ═══════ ═══════ ═══════ ═══════ ═══════

The Statement of Financial Activities includes all gains and losses recognised in the financial year. All income and expenditure relate to continuing activities.

The notes on pages 14 to 21 form part of the financial statements

11

The Traveller Movement

(A company limited by guarantee, not having a share capital) Company Number: 04038939 BALANCE SHEET

as at 31 March 2021

2021 2020
Notes £ £
Fixed Assets
Tangible assets 17 12,997 4,699
─────── ───────
Current Assets
Debtors 18 70,418 6,147
Cash at bank and in hand 433,106 286,620
─────── ───────
503,524 292,767
─────── ───────
Creditors: Amounts falling due within one year 19 (128,139) (75,870)
─────── ───────
Net Current Assets 375,385 216,897
─────── ───────
Total Assets less Current Liabilities 388,382 221,596
═══════ ═══════
Funds
Restricted trust funds 136,668 51,206
General fund (unrestricted) 251,714 170,390
─────── ───────
Total funds 21 388,382 221,596
═══════ ═══════

These financial statements have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

Approved by the Board of Trustees and authorised for issue on ________ and signed on its behalf by

________ Ms Pauline Anderson (Chairperson) Trustee

________ Mr Joseph Browne (Treasurer) Trustee

The notes on pages 14 to 21 form part of the financial statements

12

The Traveller Movement STATEMENT OF CASH FLOWS

for the financial year ended 31 March 2021

2021 2020
Notes £ £
Cash flows from operating activities
Net movement in funds 166,786 32,649
Adjustments for:
Depreciation 3,250 1,175
Interest receivable and similar income (157) (652)
─────── ───────
169,879 33,172
Movements in working capital:
Movement in debtors (64,271) 7,673
Movement in creditors 52,269 29,571
─────── ───────
Cash generated from operations 157,877 70,416
─────── ───────
Cash flows from investing activities
Interest received 157 652
Payments to acquire tangible assets (11,548) -
─────── ───────
Net cash generated from investment activities (11,391) 652
─────── ───────
Net increase in cash and cash equivalents 146,486 71,068
Cash and cash equivalents at 1 April 2020 286,620 215,552
─────── ───────
Cash and cash equivalents at 31 March 2021 24 433,106 286,620
═══════ ═══════

13

The Traveller Movement (A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 March 2021

1. IRISH YOUTH FOUNDATION

The charity's programme "Education Support for GRT Young People" was supported by the Irish Youth Foundation who committed to providing a grant of £4,250 for one year. The funds were restricted for this specific project and fully utilised in the accounting period.

2. THE NATIONAL LOTTERY COMMUNITY FUND

The charity received a grant from the National Lottery and the HM Governement amounting to £36,724 for project "Tutors for GRT" to provide online support for Gypsy, Roma and Traveller children through the Covid-19 crisis. The funds were restricted to this specific project and fully spent during the accounting period.

3. GOVERNMENT OF IRELAND EMIGRANT SUPPORT PROGRAMME (ESP)

The charity received three grants from the Government of Ireland Emigrant Support Programme: 1) ESP Grant amounting to £125,000 for the main purposes of the charity (see details below in Note 4 "Deferred Income").

2) Capital Grant of £15,000 for the following purpose: Digital Inclusion - Website redesign. The grant covers the period from 01 July 2020 to 30 June 2021. The funds have been restricted for this specific project and fully utilised during the accounting period.

3) Covid-19 Response Fund: A grant of £14,900 was approved for the Irish Community Abroad. It was received in June 2020 and was fully utilised during the accounting period.

4.

ESMEE FAIRBARN FOUNDATION

A three-year grant was received from the Esmée Fairbairn Foundation with an amount of £36,363 received in this year.

5. DEFERRED INCOME

Government Of Ireland: Emigrant Support Programme (ESP). A grant of £125,000 was received for the year from 1st July 2020 to 30th June 2021. The funds were restricted for the following purposes: Chief Executive Officer £45,000; Policy Campaigns and Research Officer £32,000; Administration and Communication Officer £16,730; Project running costs £31,270. Nine months grant income was utilised in the period to 31st March 2021. Three months grant income amounting to £31,250 has been deferred to the 2021-22 year and will be utilised by 30th June 2021. Three months grant income amounting to £30,000 deferred from 2020-21 has been utilised in this year.

Josept Rowntree Charitable Trust. A grant of £40,000 was received from the Jospeh Rowntree Charitable Trust. This is part of a grant totalling £120,000 over a three year period (first payment in April 2019). The funds are restricted and an amount of £10,000 which was deferred to the 2020-21 year has been fully utilised in this year.

Lloyds Bank Foundation. A grant of £31,809 was received in the accounting period 2019-20 and an amount of £26,497 was deferred to this financial year 2020-21. The ten-month grant income amounting to £26,497 has been fully utilised in this year.

6.

GENERAL INFORMATION

The Traveller Movement is a company limited by guarantee incorporated in the United Kingdom. The registered office of the company is Resource for London, 356 Holloway Road, London, N7 6PA which is also the principal place of business of the company The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.

14

The Traveller Movement (A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS

continued

for the financial year ended 31 March 2021

7. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the charity’s financial statements.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with the Companies Act 2006 and the Charities (Accounts and Reports) Regulations 2008 made under the Charities Act 2011. They also comply with the Statement of Recommended Practice (SORP 2015) and with the financial reporting standards. The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the year ended 31 March 2021 have been prepared on the going concern basis and in accordance with the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)" and FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

Fund accounting

The following are the categorises of funds maintained:

Restricted funds

Restricted funds contain the grants received to run specific projects for the benefits of the charity's main objectives and the associated expenditure which relate to the project workers' wages and salaries and the projects running costs.

Unrestricted funds

General funds are unrestricted funds and are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Incoming Resources

Voluntary income or capital is included in the Statement of Financial Activities when the company is legally entitled to it, its financial value can be quantified with reasonable certainty and there is reasonable certainty of its ultimate receipt. Entitlement to legacies is considered established when the company has been notified of a distribution to be made by the executors. Income received in advance of due performance under a contract is accounted for as deferred income until earned. Grants for activities are recognised as income when the related conditions for legal entitlement have been met. All other income is accounted for on an accruals basis.

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their estimated residual value, over their expected useful lives as follows:

Fixtures, fittings and equipment

20% Reducing Balance

Leasing

Rentals payable under operating leases are dealt with in the income and expenditure account as incurred over the period of the rental agreement.

15

continued

The Traveller Movement (A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 March 2021

Trade and Other Debtors

Debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Income recognised by the company from government agencies and other co-funders, but not yet received at year end, is included in debtors.

Grants due and Accrued Income are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and Other Creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method except where the effect of discounting would be immaterial. In such cases they are stated at cost.

Cash at bank and in hand

Cash and Cash Equivalents comprise cash at bank and in hand, demand deposits with banks and other shortterm highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within creditors.

Taxation

The charitable company is exempt from taxation under s505 Income and Corporation Taxes 1988.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the balance sheet date. Transactions, during the year, which are denominated in foreign currencies are translated at the rates of exchange ruling at the date of the transaction. The resulting exchange differences are dealt with in the Statement of Financial Activities.

8. SIGNIFICANT ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

There are no sources of estimation uncertainty at the reporting date, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

9. PROVISIONS AVAILABLE FOR AUDITS OF SMALL ENTITIES

In common with many other charitable companies of our size and nature, we use our auditors to assist with the preparation of the financial statements.

10. INCOME
10.1 DONATIONS AND LEGACIES Unrestricted Restricted 2021 2020
Funds Funds
£ £ £ £
Sundry Donations 22,413 - 22,413 1,104
═══════ ═══════ ═══════ ═══════
10.2 CHARITABLE ACTIVITIES Unrestricted Restricted 2021 2020
Funds Funds
£ £ £ £
Community, Advocacy & Campaigning - 104,886 104,886 63,982
Policy, Research & Public Affairs - 330,287 330,287 206,629
Other Operational Activities 66,134 - 66,134 10,723
─────── ─────── ─────── ───────
66,134 435,173 501,307 281,334
═══════ ═══════ ═══════ ═══════

16

The Traveller Movement

(A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS

continued

for the financial year ended 31 March 2021

10.3 INVESTMENTS Unrestricted Restricted 2021 2020
Funds Funds
£ £ £ £
Bank Interest 157 - 157 652
═══════ ═══════ ═══════ ═══════
11. EXPENDITURE
11.1 CHARITABLE ACTIVITIES Direct Other Support 2021 2020
Costs Costs Costs
£
£		 £ £ £
Community, Advocacy & 43,256
78		 51,444 94,778 35,171
Campaigning
Policy, Research & Public Affairs 174,777
101		 81,955 256,833 147,964
Other Operational Activities -
203		 5,277 5,480 67,306
───────
───────		 ─────── ─────── ───────
218,033
382		 138,676 357,091 250,441
═══════
═══════		 ═══════ ═══════ ═══════
11.2 SUPPORT COSTS Charitable 2021 2020
Activities
£ £ £
Communication and Promotion 9,664 9,664 3,746
Rent and Service Charges 37,106 37,106 37,680
Staff Training and Development 8,487 8,487 2,056
Community Engagement 48,254 48,254 7,352
Insurance 1,575 1,575 2,648
Depreciation 3,250 3,250 1,175
Independent Contractors 4,790 4,790 620
Accountancy & Payroll Services (Governance) 5,335 5,335 3,213
General Office 9,600 9,600 11,805
Advisory Group and Trustees Meeting Costs (Governance) 248 248 2,373
Audit Fees (Governance) 2,850 2,850 2,850
Legal and Professional costs (Governance) 7,517 7,517 2,223
─────── ─────── ───────
138,676 138,676 77,741
═══════ ═══════ ═══════

17

continued

The Traveller Movement (A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 March 2021

12. ANALYSIS OF SUPPORT COSTS

12. ANALYSIS OF SUPPORT COSTS
Basis of 2021 2020
Apportionment £ £
Communication and Promotion Staff Time 9,664 3,746
Rent and Service Charges Staff Time 37,106 37,680
Staff Training and Development Staff Time 8,487 2,056
Community Engagement Staff Time 48,254 7,352
Insurance Activity 1,575 2,648
Depreciation Unrestricted activities 3,250 1,175
Independent Contractors Staff Time 4,790 620
Accountancy & Payroll Services Administration 5,335 3,213
(Governance)
General Office Staff Time 9,600 11,805
Advisory Group and Trustees Meeting
Administration		 248 2,373
Costs (Governance)
Audit Fees (Governance) Administration 2,850 2,850
Legal and Professional costs Usage 7,517 2,223
(Governance)
─────── ───────
138,676 77,741
═══════ ═══════
13. NET INCOMING RESOURCES 2021 2020
£ £
Net Incoming Resources are stated after charging/(crediting):
Depreciation of tangible assets 3,250 1,175
Operating lease rentals
- Office equipment 354 294
Auditor's remuneration:
- audit services 2,850 2,850
═══════ ═══════
14. INVESTMENT AND OTHER INCOME 2021 2020
£ £
Bank interest 157 652
═══════ ═══════

18

continued

The Traveller Movement (A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 March 2021

15. EMPLOYEES AND REMUNERATION

Number of employees

The average number of persons employed (including executive trustees) during the financial year was as follows:

2021 2020
Number Number
Chief Executive Officer 1 1
Employees 13 6
─────── ───────
14 7
═══════ ═══════
The staff costs comprise: 2021 2020
£ £
Wages and salaries 199,719 156,285
Social security costs 13,769 10,808
Pension costs 4,545 2,254
─────── ───────
218,033 169,347
═══════ ═══════

The Key Management is composed of the CEO. The remuneration associated with the post does not exceed £60,000 for the accounting period. No trustees are key managers in the charity and no trustees received any remuneration during the reporting period.

16. EMPLOYEE BENEFITS

There are no employees who received employee benefits (excluding employer pension costs) of more than £60,000 (€70,000) for the reporting period.

17. TANGIBLE FIXED ASSETS

TANGIBLE FIXED ASSETS
Fixtures, Total
fittings and
equipment
£ £
Cost
At 1 April 2020 16,629 16,629
Additions 11,548 11,548
─────── ───────
At 31 March 2021 28,177 28,177
─────── ───────
Depreciation
At 1 April 2020 11,930 11,930
Charge for the financial year 3,250 3,250
─────── ───────
At 31 March 2021 15,180 15,180
─────── ───────
Net book value
At 31 March 2021 12,997 12,997
═══════ ═══════
At 31 March 2020 4,699 4,699
═══════ ═══════

19

The Traveller Movement

(A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS

continued

for the financial year ended 31 March 2021

18. DEBTORS 2021 2020
£ £
Trade debtors 64,800 -
Other debtors 2,577 3,106
Prepayments and accrued income 3,041 3,041
─────── ───────
70,418 6,147
═══════ ═══════
19. CREDITORS 2021 2020
Amounts falling due within one year £ £
Trade creditors 3,089 232
Taxation and social security costs 12,694 1,585
Accruals and deferred income 112,356 74,053
─────── ───────
128,139 75,870
═══════ ═══════
20. RESERVES
2021 2020
£ £
At 1 April 2020 221,596 188,947
Surplus for the financial year 166,786 32,649
─────── ───────
At 31 March 2021 388,382 221,596
═══════ ═══════
21. FUNDS
21.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestricted Restricted Total
Funds Funds Funds
£ £ £
At 1 April 2019 158,313 30,634 188,947
Movement during the financial year 12,077 20,572 32,649
─────── ─────── ───────
At 31 March 2020 170,390 51,206 221,596
Movement during the financial year 81,324 85,462 166,786
─────── ─────── ───────
At 31 March 2021 251,714 136,668 388,382
═══════ ═══════ ═══════
21.2 ANALYSIS OF MOVEMENTS ON FUNDS
Balance **Income ** Expenditure Transfers Balance
1 April between 31 March
2020 funds 2021
£ £ £ £ £
Restricted funds
Restricted 51,206 435,173 349,711 - 136,668
─────── ─────── ─────── ─────── ───────
Unrestricted funds
Unrestricted 170,390 88,704 7,380 - 251,714
─────── ─────── ─────── ─────── ───────
Total funds 221,596 523,877 357,091 - 388,382
═══════ ═══════ ═══════ ═══════ ═══════

20

continued

The Traveller Movement

(A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 March 2021

21.3 ANALYSIS OF NET ASSETS BY FUND

Fixed Current Current Total
assets assets liabilities
- charity use
£ £ £ £
Restricted trust funds 11,548 273,811 (121,572) 163,787
─────── ─────── ─────── ───────
Unrestricted general funds 1,449 229,713 (6,567) 224,595
─────── ─────── ─────── ───────
12,997 503,524 (128,139) 388,382
═══════ ═══════ ═══════ ═══════

22. STATUS

The company is limited by guarantee not having a share capital.

The liability of the members is limited.

Every member of the company undertakes to contribute to the assets of the company in the event of its being wound up while they are members or within one year thereafter for the payment of the debts and liabilities of the company contracted before they ceased to be members and the costs, charges and expenses of winding up and for the adjustment of the rights of the contributors among themselves such amount as may be required, not exceeding £ 1.

23. RELATED PARTY TRANSACTIONS

There have been no transactions with trustees or related parties that require disclosure in the reporting period. None of the trustees have been paid any remuneration or received any other benefits from an employment with the charity or a related entity.

24.

CASH AND CASH EQUIVALENTS 2021 2020
£ £
Cash and bank balances 275,988 129,659
Cash equivalents 157,118 156,961
─────── ───────
433,106 286,620
═══════ ═══════

25. POST-BALANCE SHEET EVENTS

There have been no significant events affecting the Charity since the year-end.

21