2023-03-31-accounts - The Traveller Movement

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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 2023

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 - 20
Supplementary Information relating to the Financial Statements	22

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

Trustees Ms Pauline Anderson (Chairperson) Mr Brian Foster (Secretary) Mr Joseph Browne Ms Breda Mahoney Mr Martin Howe Mrs Bridget McCarthy Mr Mark Watson (Treasurer) Dr Aileen Anne Marie Kitching Mr John McCarthy Company Secretary Mr Brian Foster Chief Executive Officer Ms Yvonne MacNamara Charity Number in England and Wales 1107113 Company Registration Number 04038939 Registered Office and Principal Address 40 Jeffreys Road Stockwell London SW4 6QX

Auditors

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

Principal Bankers

Unity Trust Bank Nine Brindleyplace Birmingham B1 2HB

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

for the financial year ended 31 March 2023

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 2023.

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 2023.

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, 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 Romani Gypsy Roma and Irish Traveller communities. The charity is comprised of community members and members of the settled community working together in partnership to address the needs of these ethnic groups experiencing discrimination, exclusion and marginalization. This is achieved by acting as a bridge builder bringing the 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:

To create an evidence and resource base for positive change for Romani Gypsy Roma and Irish Traveller communities.
To promote social inclusion of Romani Gypsy Roma and Irish Traveller communities by campaigning on issues that contribute to their exclusion and to promote equality of access to statutory and voluntary services.
To develop models of good practice for working with Romani Gypsy Roma and Irish Traveller communities and educate statutory service and other providers about inclusion and best practice.
To build the capacity of Romani Gypsy Roma and Irish Traveller communities to self-advocate and represent themselves.
To ensure access to justice, rights and entitlements.

Strategy

This is delivered with support through these activity areas:

Annual national conference.
Series of yearly policy seminars and round table events.
Submissions to key consultations, policy briefings and active research.
Advocacy and campaigning.
Training.
Direct casework and outreach service.
Celebration of Romani Gypsy Roma and Irish Traveller History Month every June.

The Traveller Movement meets its public benefit obligation by continuously building relationships with vulnerable and marginalized Romani Gypsy Roma and Irish 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

As we reflect on 2022 and 2023, the lingering impact of the COVID-19 pandemic presented new hurdles for both The

The Traveller Movement

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

for the financial year ended 31 March 2023

Traveller Movement the Romani Gypsy Roma and Irish Traveller communities. Our organization underwent significant change as we navigated a world forever transformed by the far reaching impacts of the pandemic. Despite these challenges, we want to reassure you that our response has been determined and effective.

The world around us underwent a profound transformation as we adjusted to a post-pandemic reality. Adapting to this new environment meant re-evaluating our strategies, redefining our goals, and embracing innovative ways to fulfill our mission. This transition was not without its difficulties, requiring all of us to come together with adaptability and unwavering dedication.

One of the most noticeable shifts was how people engaged our services. We observed a significant change in how our community interacted with us, prompting us to adapt our operations. This led us to invest in and improve our digital solutions to meet the growing demand for online services and meetings. We have also been diligently working on a fresh communications strategy set to launch next year.

During this period, we introduced new programs and welcomed new team members. Simultaneously, we bid farewell to some longstanding members of our team as they embarked on new endeavors. Our commitment to informing and supporting national and local policies and practices remained steadfast. From criminal justice to education, youth and community initiatives, addressing violence against women, promoting mental well-being, and safeguarding cultural rights, our dedication to making a positive impact remained unwavering.

We devoted ourselves to producing a series of new reports that were initiated during the pandemic and have now reached completion. These efforts underscore the importance of addressing the social factors that influence inclusion and diversity, while also acknowledging the complex challenges and systemic biases that affect the daily lives of Gypsy Traveller and Roma people.

While significant progress was certainly achieved in 2022, much work remains to fully recognize and respect the diversity within Gypsy Roma and Travellers networks and collaborators. Our collaborations with other NGOs have been instrumental, and we express our gratitude for their partnership. We eagerly anticipate continuing these important relationship. We also acknowledge that addressing minority and other challenges necessitates collective effort, and we are committed to working alongside the civil society groups we engaged with in 2023 and beyond.

Our partnerships with funders have been pivotal in driving our progress. We secured new funders and developed new relationships and partners to forge ahead with our 5 year with our strategic plan. We extend our heartfelt to these funders and organizations for their ongoing support and understanding, which are crucial for achieving our goals.

As Trustees we hold deep appreciation for the dedication of our colleagues on the Board of Trustees, Advisory Board, Youth Group, and our committed staff. We extend our sincere thanks to each and every one of them for their diverse and valuable contributions to the work outlined in this report and beyond.

Financial Review

The SOFA and Balance Sheet show the results for the year ended 31 March 2023 with a surplus of £136,296.

Financial Results

At the end of the financial year the company has assets of £673,668 (2022 - £567,122) and liabilities of £54,022 (2022 - £83,772). The net assets of the company have increased by £136,296.

Trustees

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

Ms Pauline Anderson (Chairperson) Mr Brian Foster (Secretary) Mr Joseph Browne Ms Breda Mahoney Mr Martin Howe Mrs Bridget McCarthy Mr Mark Watson (Treasurer) 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

The Traveller Movement

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

for the financial year ended 31 March 2023

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:

The Companies Act 2006
The Charities SORP (FRS 102)

The 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.

08/12/2023

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

________Ms Pauline Anderson (Chairperson) Trustee

________Mr Mark Watson (Treasurer) Trustee

The Traveller Movement

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

for the financial year ended 31 March 2023

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:

select suitable accounting policies and apply them consistently;
make judgements and accounting estimates that are reasonable and prudent;
state whether the financial statements have been prepared in accordance with applicable accounting standards, identify those standards, and note the effect and the reasons for any material departure from those standards; and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in operation.

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. 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:

there is no relevant audit information (information needed by the company's auditor in connection with preparing the auditor's report) of which the company's auditor is unaware, and
the trustees have taken all the steps that they ought to have taken as trustees in order to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information.

08/12/2023 Approved by the Board of Trustees on ________ and signed on its behalf by:

_____Ms Pauline Anderson (Chairperson) _____Mr Mark Watson (Treasurer) Trustee Trustee

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 2023 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 2. 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.

In our opinion, when reporting in accordance with a fair presentation framework the financial statements:

give a true and fair view of the state of the company's affairs as at 31 March 2023 and of its surplus for the financial year then ended;
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 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 4 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:

the information given in the Trustees' Annual Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Trustees' Annual Report has been prepared in accordance with applicable legal requirements.

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:

adequate accounting records have not been kept; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of trustees' remuneration specified by law are not made; or
the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption in preparing the Trustees' Annual Report.

Responsibilities of trustees for the financial statements

As explained more fully in the Statement of Trustees' Responsibilities set out on page 6, 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:
Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company's internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by trustees.
Conclude on the appropriateness of the trustees' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our Auditor's Report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our Auditor's Report. However, future events or conditions may cause the the company to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

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 08/12/2023 ...............................

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 2023

		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		Funds	Funds	Funds	Funds	Funds	Funds
		2023	2023	2023	2022	2022	2022
	Notes	£	£	£	£	£	£
Incoming Resources
Voluntary Income	5.1	12,011	-	12,011	2,399	-	2,399
Charitable activities
Grants from governments	5.2	95,883	474,678	570,561	192,322	514,198	706,520
and other co-funders and
Other Income
Investments	5.3	1,626	-	1,626	95	-	95
		───────	───────	───────	───────	───────	───────
Total incoming resources		109,520	474,678	584,198	194,816	514,198	709,014
		───────	───────	───────	───────	───────	───────
Resources Expended
Charitable activities	6.1	24,936	422,966	447,902	112,622	501,424	614,046
		───────	───────	───────	───────	───────	───────
Net incoming/outgoing		84,584	51,712	136,296	82,194	12,774	94,968
resources before transfers
Gross transfers between		-	-	-	-	-	-
funds
		───────	───────	───────	───────	───────	───────
Prior financial year		18,824	(18,824)	-	-	-	-
adjustment
Net movement in funds for		103,408	32,888	136,296	82,194	12,774	94,968
the financial year
Reconciliation of funds:
Total funds beginning of the	17	333,908	149,442	483,350	251,714	136,668	388,382
year
		───────	───────	───────	───────	───────	───────
Total funds at the end of		437,316	182,330	619,646	333,908	149,442	483,350
the year
		═══════	═══════	═══════	═══════	═══════	═══════

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 20 form part of the financial statements

The Traveller Movement

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

as at 31 March 2023

		2023	2022
	Notes	£	£
Fixed Assets
Tangible assets	12	16,862	13,988
		───────	───────
Current Assets
Debtors	13	59,045	42,919
Cash at bank and in hand	14	597,761	510,215
		───────	───────
		656,806	553,134
		───────	───────
Creditors: Amounts falling due within one year	15	(54,022)	(83,772)
		───────	───────
Net Current Assets		602,784	469,362
		───────	───────
Total Assets less Current Liabilities		619,646	483,350
		═══════	═══════
Funds
Restricted trust funds		182,330	149,442
General fund (unrestricted)		437,316	333,908
		───────	───────
Total funds	17	619,646	483,350
		═══════	═══════

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

08/12/2023

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

________Ms Pauline Anderson (Chairperson) Trustee

________Mr Mark Watson (Treasurer) Trustee

The notes on pages 14 to 20 form part of the financial statements

The Traveller Movement STATEMENT OF CASH FLOWS

for the financial year ended 31 March 2023

		2023	2022
	Notes	£	£
Cash flows from operating activities
Net movement in funds		136,296	94,968
Adjustments for:
Depreciation		4,216	3,498
Interest receivable and similar income		(1,626)	(95)
		───────	───────
		138,886	98,371
Movements in working capital:
Movement in debtors		(16,126)	27,499
Movement in creditors		(29,750)	(44,367)
		───────	───────
Cash generated from operations		93,010	81,503
		───────	───────
Cash flows from investing activities
Interest received		1,626	95
Payments to acquire tangible assets		(7,090)	(4,489)
		───────	───────
Net cash used in investment activities		(5,464)	(4,394)
		───────	───────
Net increase in cash and cash equivalents		87,546	77,109
Cash and cash equivalents at the beginning of the year		510,215	433,106
		───────	───────
Cash and cash equivalents at the end of the year	14	597,761	510,215
		═══════	═══════

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 2023

1. GENERAL INFORMATION

The Traveller Movement is a company limited by guarantee incorporated in the United Kingdom. The registered office of the company is 40 Jeffreys Road, Stockwell, London, SW4 6QX which is also the principal place of business of the company The financial statements have been presented in Pound (£) which is also the functional currency of the company.

2. 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 on the going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements have been prepared 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".

As permitted by the Companies Act 2006, the company has varied the standard formats in that act for the Statement of Financial Activities and the Balance Sheet. Departures from the standard formats are to comply with the requirements of the Charities SORP and are in compliance with section 4.7, 10.6 and 15.2 of that SORP.

Statement of compliance

The financial statements of the company for the financial year ended 31 December 2017 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".

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.

Resources Expended

All resources expended are accounted for on an accruals basis. Charitable activities include costs of services and grants, support costs and depreciation on related assets. Costs of generating funds similarly include fundraising activities. Non-staff costs not attributed to one category of activity are allocated or apportioned pro-rata to the staffing of the relevant service. Finance, HR, IT and administrative staff costs are directly attributable to individual activities by objective. Governance costs are those associated with constitutional and statutory requirements.

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

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 2023

Leasing

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

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 short-term 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.

3. 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.

4. 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.

5.	INCOME
5.1	DONATIONS AND LEGACIES	Unrestricted	Restricted	2023	2022
		Funds	Funds
		£	£	£	£
	Sundry Donations	12,011	-	12,011	2,399
		═══════	═══════	═══════	═══════
5.2	CHARITABLE ACTIVITIES	Unrestricted	Restricted	2023	2022
		Funds	Funds
		£	£	£	£
	Grants from governments and other co-funders:
	Community, Advocacy & Campaigning	-	237,227	237,227	189,416
	Policy, Research & Public Affairs	18,824	237,451	256,275	324,782
	Other Operational Activities	77,059	-	77,059	192,322
		───────	───────	───────	───────
		95,883	474,678	570,561	706,520
		═══════	═══════	═══════	═══════

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 2023

5.3	INVESTMENTS		Unrestricted	Restricted	2023	2022
			Funds	Funds
			£	£	£	£
	Bank Interest		1,626	-	1,626	95
			═══════	═══════	═══════	═══════
6.	EXPENDITURE
6.1	CHARITABLE ACTIVITIES	Direct	Other	Support	2023	2022
		Costs	Costs	Costs
		£	£	£	£	£
	Other Operational Activities	14,389	2,151	9,059	25,599	112,622
	Policy, Research & Public Affairs	153,040	2,387	52,884	208,311	345,004
	Community, Advocacy &	150,863	3,678	59,451	213,992	156,420
	Campaigning
		───────	───────	───────	───────	───────
		318,292	8,216	121,394	447,902	614,046
		═══════	═══════	═══════	═══════	═══════
6.2	SUPPORT COSTS			Charitable	2023	2022
				Activities
				£	£	£
	Advisory Group and Trustees Meeting	Costs (Governance)		594	594	1,862
	Insurance			1,730	1,730	1,220
	Legal and Professional costs (Governance)			18,542	18,542	17,174
	Depreciation			4,216	4,216	3,498
	Communication and Promotion			31,514	31,514	50,379
	General Office			2,371	2,371	10,793
	Staff Training and Development			6,746	6,746	6,365
	Accountancy & Payroll Services (Governance)			8,106	8,106	7,441
	Audit Fees (Governance)			3,500	3,500	3,500
	Rent and Service Charges			21,322	21,322	35,579
	Independent Contractors			3,818	3,818	5,320
	Community Engagement			18,935	18,935	9,364
				───────	───────	───────
				121,394	121,394	152,495
				═══════	═══════	═══════
7.	ANALYSIS OF SUPPORT COSTS
		Basis of			2023	2022
		Apportionment			£	£
	Advisory Group and Trustees Meeting	Administration			594	1,862
	Costs (Governance)
	Insurance	Activity			1,730	1,220
	Legal and Professional costs	Usage			18,542	17,174
	(Governance)
	Depreciation	Unrestricted activities			4,216	3,498
	Communication and Promotion	Staff Time			31,514	50,379
	General Office	Staff Time			2,371	10,793
	Staff Training and Development	Staff Time			6,746	6,365
	Accountancy & Payroll Services	Administration			8,106	7,441
	(Governance)
	Audit Fees (Governance)	Administration			3,500	3,500
	Rent and Service Charges	Staff Time			21,322	35,579
	Independent Contractors	Staff Time			3,818	5,320
	Community Engagement	Staff Time			18,935	9,364
					───────	───────
					121,394	152,495
					═══════	═══════

The Traveller Movement

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

The Traveller Movement (A company limited by guarantee, not having a share capital)	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 2023
8.	NET INCOMING RESOURCES	2023	2022
		£	£
	Net Incoming Resources are stated after charging/(crediting):
	Depreciation of tangible assets	4,216	3,498
	Operating lease rentals
	- Office equipment	442	337
	Auditor's remuneration:
	- audit services	3,500	3,500
		═══════	═══════
9.	INVESTMENT AND OTHER INCOME	2023	2022
		£	£
	Bank interest	1,626	95
		═══════	═══════

10. EMPLOYEES AND REMUNERATION

Number of employees

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

	2023	2022
	Number	Number
Employees	14	21
Chief Executive Officer	1	1
	───────	───────
	15	22
	═══════	═══════
The staff costs comprise:	2023	2022
	£	£
Wages and salaries	278,996	305,434
Social security costs	19,976	22,874
Pension costs	11,601	28,095
	───────	───────
	310,573	356,403
	═══════	═══════

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.

11. 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.

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 2023

12. TANGIBLE FIXED ASSETS

12.	TANGIBLE FIXED ASSETS
		Fixtures,	Total
		fittings and
		equipment
		£	£
	Cost
	At 1 April 2022	32,666	32,666
	Additions	7,090	7,090
		───────	───────
	At 31 March 2023	39,756	39,756
		───────	───────
	Depreciation
	At 1 April 2022	18,678	18,678
	Charge for the financial year	4,216	4,216
		───────	───────
	At 31 March 2023	22,894	22,894
		───────	───────
	Net book value
	At 31 March 2023	16,862	16,862
		═══════	═══════
	At 31 March 2022	13,988	13,988
		═══════	═══════
13.	DEBTORS	2023	2022
		£	£
	Trade debtors	57,881	40,422
	Other debtors	1,164	2,497
		───────	───────
		59,045	42,919
		═══════	═══════
14.	CASH AND CASH EQUIVALENTS	2023	2022
		£	£
	Cash and bank balances	438,922	353,002
	Cash equivalents	158,839	157,213
		───────	───────
		597,761	510,215
		═══════	═══════
15.	CREDITORS	2023	2022
	Amounts falling due within one year	£	£
	Trade creditors	6,322	6,739
	Taxation and social security costs	5,962	8,678
	Accruals and deferred income	41,738	68,355
		───────	───────
		54,022	83,772
		═══════	═══════
16.	RESERVES
		2023	2022
		£	£
	At the beginning of the year	483,350	388,382
	Surplus for the financial year	136,296	94,968
		───────	───────
	At the end of the year	619,646	483,350
		═══════	═══════

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 2023

17. FUNDS

17.	FUNDS	FUNDS
17.1	RECONCILIATION OF MOVEMENT		IN FUNDS		Unrestricted	Restricted	Total
					Funds	Funds	Funds
					£	£	£
	At 1 April 2021				251,714	136,668	388,382
	Movement during the	financial year			82,194	12,774	94,968
					───────	───────	───────
	At 31 March 2022
	as previously stated				333,908	149,442	483,350
	Prior financial year adjustment				18,824	(18,824)	-
					───────	───────	───────
	At 31 March 2022				352,732	130,618	483,350
	Movement during the	financial year			84,584	51,712	136,296
					───────	───────	───────
	At 31 March 2023				437,316	182,330	619,646
					═══════	═══════	═══════
17.2	ANALYSIS OF MOVEMENTS ON FUNDS
		Balance	Income	Expenditure	Transfers	Prior	Balance
		1 April			between	year	31 March
		2022			funds	adjustments	2023
		£	£	£	£	£	£
	Restricted funds
	Restricted	149,442	474,678	422,966	-	(18,824)	182,330
	Unrestricted funds
	Unrestricted	333,908	109,520	24,936	-	18,824	437,316
		───────	───────	───────	───────	───────	───────
	Total funds	483,350	584,198	447,902	-	-	619,646
		═══════	═══════	═══════	═══════	═══════	═══════
17.3	ANALYSIS OF NET ASSETS BY FUND
				Fixed	Current	Current	Total
				assets	assets	liabilities
				- charity use
				£	£	£	£
	Restricted trust funds			7,090	223,423	(48,183)	182,330
				───────	───────	───────	───────
	Unrestricted general funds			9,772	433,383	(5,839)	437,316
				───────	───────	───────	───────
				16,862	656,806	(54,022)	619,646
				═══════	═══════	═══════	═══════

18. 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.

19. 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.

20. POST-BALANCE SHEET EVENTS

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

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 2023

21. DEFERRED INCOME

Government Of Ireland: Emigrant Support Programme (ESP). A grant of £131,252 was received for the year from 1st July 2022 to 30th June 2023. 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 £37,522. Nine months grant income was utilised in the period to 31st March 2023. Three months grant income amounting to £32,815 has been deferred to the 2023-24 year and will be utilised by 30th June 2024. Three months grant income amounting to £31,250 deferred from 2021-22 has been utilised in this year.

22. ESMEE FAIRBARN FOUNDATION

A three-year grant received from the Esmée Fairbairn Foundation with an amount of £18,182 deferred from the 2021-22 year. This was fully utilised in the 2022-23 year.

23. OPEN DOORS EDUCATION AND TRAINING CIC

The Traveller Movement was instrumental in providing hosting, development and support to Open Doors Education and Training CIC during the initial stages of the project to provide digital education opportunities to our young people.