COMPANY REGISTRATION NUMBER: 04038939 CHARITY REGISTRATION NUMBER: 1107113 The Traveller Movement Company Limited by Guarantee Financial Statements 31 March 2024 N7 ACCOUNTANTS LIMITED Chartered certified accountants & statutory auditor Central House 1 Ballards Lane London N3 1LQ The Traveller Movement Company Limited by Guarantse Flnancial Statements Year ended 31 March 2024 Page Trustees, annual report (incorporating the directorfs report) Independent auditorfs report to the members Statement of financial activities (including income and expenditure account) Statement of financial position Statement of cash flows Notes to the financial statements 13 14 15 16 The Traveller Movement Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directorfs Report) Year ended 31 March 2024 The trustees, who are also the direL#ors for the purposes of company present their reF<)rt and the financial ststements of the charty for the year ended 31 March 2024. Refèrence and admini8tratlve dotslls Registered charity name Charfty registration number Company registrdtlon number 04038939 Princlpal offlco and reglstered 40 Jelfreys Road office Stockwell London SW4 6QX The Traveller Movement 1107113 The trustees Pauline Anderson John Mccarthy Bridget Mccarthy Mark Watson Aileen Anne Mane Kitching Brian Foster Martin Howe Company secretary Brian Foster Auditor N7 Alf(￿ntsnts Limrted Chartered cerbfied accountsnts & statutory auditor Central House 1 Ballards Lane London NJ ILQ BankerJ Unty Trust Bank PIC PO Box 7193 Planetary Road Ilenhall 19DG The Traveller Movement Company Llmited by Guarantee Trustses, Annual Report (Incorporatlng the Dlrectorfs Report) (contlnu8dJ Year ended 31 March 2024 structurn. govemance and management Trustees The trustees who served throughoui the financial year. except as noted, were as follows: Ms Pauline Anderson {ChairFerson) Mr Brian Foster Isecretsry) Mr Joseph Browne Ms Breda Mahoney Mr Martin Howe Mrs Bridget Mccarthy Mr Mark Watson (Treasurer) Dr Aileen Anne Marie Krtching Mr John Mccarthy In accordance wth the Artr"cles ot ASSOCI"ati¢M, the dlrectors retire by rt)tatiori and, ￿ng eligible, offer themselves for re*leth"on. The secretsry who served during the financial year Ifds: Mr Brian Foster Compliance with Sector-wide Legislatv)n and Standards The company engages pro-actively with legislats'on. standards and codes which are developed for the sector. The Traveller Movement subscrilw to and is ¢(￿pIlant wth the followng.. - The Companies Act 20C6 - The Charities SORP {FRS 102) Objectlves and actlvllleg Mission Statement, Obje¢tives. Strategy Mission Statement The Traveller Movement is a ￿adIng national civil scKiety organisatr'on (CSO) commrtted to the fulfilment of human rights for Romani Gypsy Roma and Irish Traveller the communities. The chanty is comprised community members and members of the settled communry w0￿"ng iogether In partnership to address the needs of these ethnic groups experienang discriminatK)n. exdusion and marginalizalion. This is achieved by acting as a bridge builder bringing the communities, service providers and policy makers tcgelher, thereby stimulating debate and promokn'ng forward-looking strategies to promote increased equalty. uvic engagement. inclusion. Servi￿ provision and communty cohesion. The Traveller Movement Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directorfs Report) (¢ontlnuedJ Year ended 31 March 2024 Objectlves and acllvities (￿￿n￿¢￿) ObJ"ectives The charitable objects of the tharity are: .To create an eviden￿ and resour￿ base for positive thange for Romani Gypsy Roma and Irish Traveller communities .To promote social indusion of Romani Gypsy Roma arKJ Irish Traveller communities by campaigning on issues thal contribLrte to their exdusion arml to promote equalty of a￿sS to statutory and voluntary services .To develop models of gtjod practice for wotking with Romani Gypsy Roma and Irish Traveller communities and edLbcate statutory Serv￿ and other prOv￿erS about indusion and best practi .To build the capaoty of Romani Gypsy Roma and Irish Traveller communiti.es to self-advo¢ate and represent themselves .To ensure a￿$5 to justice. rights and entitlements Strategy This is delivered with support through these activty areas: .Annual nabonal conference .Series of yeady policy seminars and roundtable events .Submissions to key consultations, pjlicy briefings and ath.ve research .Advocacy and G3mpaigning .Training .Direct casework and oulreach servi .Celebration of Romani Gypsy Roma and Irish Traveller Hist¢Jry Month every June The Traveller Movement meets ts public benefft obligation by ￿ntinu￿Sty building relationships vulnerable and marginalized Romani Gypsy Roma and Irish Traveller people and giving them a vital platfom and voice and providing them ￿lturallY sensrtive support to improve th￿r life chances. In planning their operations for the year the trustees have given due regard to the Charity Commission's guidance on public benefit. specificalty guidarKe for charities addressing disadvantage faced by peoplc who shara a protected characleri%tir.. strdteglc report The followng sections for achievements and ￿rf￿an￿ arKI finanual review fomi the strategic reFQrt of thè charty. Achievements and performance Rellecbng on the 2023-2024 period, we encountered several unique challenges as we continued to adapt to the evolving impacts of the COVID-19 pandemic. Nevertheless, we remained steadfast and proartive in our efforts. One notsble operational challenge was the departure of several eXperien￿d staff mern￿rs as new opportunities arose in the post-pandemic environment. However. we are excited about Ihe energy and tslent brought in by our new team members. Ykno are already making significant contributions. The Traveller Movement Company Llmited by Guarantee Trustees, Annual Report (Incorporating the Directorfs Report) Year ended 31 March 2024 Achievements and perfomianco (condnued) New Initiatives and Progress Our women's program has seen tremendous success, particularly with new funding from City Bridge Trust. which enable(l us to develop an early intetvents'on toolkit and provide specialist training for Independenl Domestsc Violence Advisors {IDVAsl. Youth services remain a strategic priorty for us, and our youth policy and partnerships project delivered a series of Connected Communities events across the UK. These events yielded practical outcomes for young people, and we were pleased lo relaunch our internship program, welcorning Iwo new intems into the organization. In addition. we secured critical funding from Propel London to re*ngage key stakeholders. wth a particular focus on health and youth policy. This funding allows us to undertake muth-needed strategic engagement v￿rk. Our policy and campaigns team worked diligenUy throughout the year. publishing reports on key areas such as criminal justice and education.These reports have been instrumental in highlighting the structural and social fadors that hinder the indusion of GRT communities. Funding and FLrture Plans ile funding for our crimind justir£ work conduded in De(sntEr 2023, have submitta4 new bids to continue this vital area of work and hope to relaunch it in 2024. We are also proud to have se￿red funding from Mission 44 to further our education work, which remains a priority for the coming year. With this ftjnding, we expect to see meaningful progress in addressing the educational disparities faced by GRT communities. Collaborations and Partnerships Our partnerships V￿th other NGOS have been cruaal, and we are deeply g￿eful for their collaboration. As we look ahead. we are exciled to strengthen these relats"onships to tackle the complex challenges that lie ahead for GRT comrnunities. We also vftnt to acknovAedge our incredible funders, whose continued support has been instrumental in allowing us to make progress.we deeply value these partnerships and look fomard to working together to achieve our shared goals. Ackn￿edgernentS As Trustees, we extend our heartfelt thanks to ¢Jur dedicated Board of Trustees. Advisory Board, Youth Group, and our remarkable staff. Their hard work and commitment have been the driving force behind our achievements this year. Finalty. a sincere thank you to our fvnders-without your suppo¢ none of this would be possible. Together. we are making a lasting difference in the lives of Gypsy, Roma. and Traveller oJmmunits'es,and we remain committed to advanong their rights and opportunits'es in the ycar to comc. Financial revlew The SOFA and Balance Sheel sh(M the results for the year ended 31 March 2024 wrth a surplus of £16,467. At the end of the financial year the company has assets of £698,538 (2023 - £673,668} and liabilities of £62,425 (2023 - £54,022). The net assets of the company have increased by £16,467. Events after the end of the reportlng perfod The￿ have been no significant events affeth'ng the Charity since the year-end. The Traveller Movement Company Llmited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) fconllnu•d) Year ended 31 March 2024 Trustees. respon8ibilitle8 Ststement The trustees, who are also direciors ts the purposes of company law, are responsible for preparing the trustees, report and the finanaal statements in accordan￿ wth applicable law and Unrted Kingdom Accounting Standards (United lQ'ngdom Generally Accepted Accounting Practice). Company law requires the charity trustees to p￿pare finanaal statements for each year which give true and fair view of the state of affairs of the charrtable company and the incoming resour￿$ and application of reSoU￿s, induding the InC￿e and expenditure. for that period. In preparing these finanaal statements. the trustees are required to: select suitable ac(x)unting pdicjes and then appty them consistenttry; observe the methods and principles in the appI￿able Charities SORP: make judgments and accounting estimates that are reasonable and prudent: state whether applicable UK Accounting Stsndards have been foll¢￿￿d. subject to any material departures disdosed and explained in the financial statements; prepare the finan¢ial statements on the going concwn basis unless it is inappropriate to presume that the Gharity wll continue in business. The trustees are responsible for keeping adequate accvunting records that are sufficient to show and explain the charty's transactions and disdose wth reasonable amjracy at any time the financial position of the charty and enable them to ensure that the financ￿1 statements compty with the Companies Ad 20C6. They are also res￿nsIble for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Auditor Each of the persons who is a trustee at the date of approval of this rewt ojnfimis that: so far as they are aware. there is rK• relevant audit information of Yknich the charity,? auditor ig unaware". and they have taken all stsps that they ought to have tsken as a trustee to make themselves aware of any relevant audit infonnation and to estsblish that the tharivs audrtor is aware of that information. The audrtor is deemed to have been re•appointed in accordance with section 487 of the Companies Act 20C6. The Traveller Movement Company Llmited by Guarantee Trustees. Annual Report (Incorporatlng the Directorfs Report) {conthu¢dJ Year ended 31 March 2024 The trustees, annual report and the strategic report were approved on 25 Odober 2024 and signed on behalf of the board of trustees by.. Ms Pauline Anderson (Chairperson) Trustee Mr Mark Watson (T Trustee surer) The Traveller Movement Company Limited by Guarantee Independent Auditorfs Report to the Members of The Traveller Movement Year ended 31 March 2024 Opinion We have audited the financial statements of The Traveller Movement {Ihe 'charity') for the year ended 31 March 2024 vthiGh comprise the stalement of finanaal activities (induding income and expenditure account), stalement of financial position, statement of cash flows and the related notes. inctuding a summary of significant aC￿Unting pdioes. The finanaal reporting framework that has been applied in their preparation is applicable law and United Kingdom Ac(xJunting Standards, induding FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kj'ngdom Generally Accepted kcounts'ng Practice). In our opinion the finanoal ststements.. give a true arKI fair vi•Y of the state of the chanty's affairs as at 31 March 2024 and of its incoming resources and applicats'on of resource5, including its income and expenditure, for the year then ended.. have been property prepared in accordan￿ wrth United Kingdom Generalty AL¢epted Accounting Pract1￿. have been prepared in accordance with the requirements of the Companies Act 2(X)6. Basls for oplnion We conducted our audit in accordan￿ with Inlemational Standards on Auditing (UK) IISAS (UK)) and applicable law. Ouf ￿SponsIbl11￿eS under those stsndards are ￿rther described in the auditoffs responsibilitses for the audit of the financial ststements seclion of our report. We a￿ independent of the charity in acC￿rdanCe with Ihe ethical requirements that are relevant to our audlt of the financial statements in the UK, induding the FRC'S Ethical Standard, and we have fvlfflled our other ethical responsibilities in accordan￿ wrth these requirements. We belteve that the audit eviden￿ we have obtained is sufficient and appropriate to provth a basis for our opinion. Conclusions relatlng to going concern In auditing the financial ststements, we have conduded that the trustees, use of the going con￿￿ basis of accounts'ng in the preparation of the finan(aal statements is appropriats. Based on the work we have perfofmed. we have not idenb.fied any material uncertainties relating to events or conditions that. individualty or collectively. may cast significant doubt on the charity's ability to continue as a going concem for a period of at least ￿1ve months from when the financial statements are authorised for issue. Our responsibilities and the ￿Sp￿sibIlitieS of the trustees with reskEd to going 0)n￿M are described in the relevant sections of this rewrt. The Traveller Movement Company Llmited by Guarantse Independent Auditorfs Report to the Members of The Traveller Movement (contlnuedj Year ended 31 March 2024 Other infomMtlon The other infomiation comprises the infonnation induded in the annual report, other than Ihe financial ststernents and our audrtofs report thereon. The trustees are responsible for the other infomiation. Our opinion on the financial stalements does not cover the other information and, except to the extent otherwise explicitly stated in our report. we do not express any form of assuran￿ condusion thereon. In connertion with our audit of the financial statements. our responsibility is to read the other information and. in doing so. consider whether the other informatson is materially inconsistent vrith the finanaal statements Of our knovAedge obtained in the audrt or otherwise appears lo be materially misstated. If we identify SLth material in0)nsister￿leS or apparent material misstatements, we are required to detemine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the v￿rk we have perfomed, ¥+ve CDnclude that there is a material misstatement of this other infomiation. we are required to rewrt that fact. We have nothing to report in this regard. Oplnlons on other matters prescrlbed by the Companies Act 2006 In our opinion. based on the wotk undertaken in the Cc￿rse of the audit the information given in the Irustees, reFth for the financial year for which the financial statements are prepared is consistent with the financial ststemerts,. and the trLJStees' reFQrt has been wepared in ac¢xKdanc* wth applicabie legal requirements. Mattern on whlch are requlred to report by exception In the light of the knomedge and understanding of the charity and its environment obtsined in the ourse of the audit, V￿ have not identsfied material misstatements in the trustees, report. We have nothing to report in respect of ￿ following matters in relation to whith the Companies Act 20C6 requires us to report to you rf. in our ¢Jpinion.' adequate accounting reccrfds have not been kept LY rebjms adequate for our audit have not been received from branches not vistted by us: or the financial statements are ￿t in agreement the a(￿Unting records and retums., Of rtain disclosures of trustees, remuneration speofied by law are not made: or we have not re￿Ned all the infornation and explanab'ons require for our audit. The Traveller Movement Company Limlted by Guarantee Independent Auditorfs Report to the Members of The Traveller Movement (continugdj Year ended 31 March 2024 Responslbillties of trustees As explained more fijlty in the Injstees, resp￿sibl1t1ieS statemenL the trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the financial statemenls and for being satisfied that they give a true aThY fair view, and for such intemal control a5 the truslees determine is ne￿SSary lo enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing Ihe financial ststements, the trustees are responsible for assessing the charty's ability to continue as a going con￿rn, dis¢lt)sing. as applicable, matters ￿lated to going cOn￿M and using the going concem basis of accounting unless the trustees either intend to liquidate the tharty or to cease operations, or have no realistic altemats.ve but to do so. The Traveller Movement Company Llmited by Guarantse Independent Audltorfs Report to the Members of The Traveller Movement (contimi•dJ Year ended 31 March 2024 Auditorfs responslbilities for the audit of the financlal slatements Our objecb.ves are to obtain reasonable assurance about whether the finanaal 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 opini¢Jn. Reasonable assurance is a high level of assurance, bLrt is not a guarantee that an audit conducted in accordance with ISAS {UK) will always det￿t a material mi55tatement when it exisls. Misstatements can arise from fraud or error and are considered material if, indivioually or in the aggregate, they could reasonably be expected to Influe￿ the economic decisions of users taken on the basis of these finanoal statements. Irregularities. induding fraud, are InStan￿S of non-complian￿ with laws and regulations. We design procedures in line with our responsibilitses. outiined atove. to detect material misstatements in respect irregularities. induding fraud. The extent to vknich our pr￿edureS are capable of detecting irregularities, induding fraud is detailed below: Our approach to identifying and assessing the risks of material misstatements in respect of irregularities, induding fraud and non-complia￿ with was as follows" We obtained an understanding of the legal and regulatory frameworks that are applicable to the Company and detemined that the most significant are those relating to the rewrting framewoTk (United Kingdom Generally Accepted Accounting Pra￿1￿) and the relevant direct and indirect tax compliance regulations. The engagement partner ensured that the engagement team colleciively had the appropriate competence, capabilities arKI skills to identfy or recognise non-compliance aFplicable laws and regulations. . We identified the laws and regulations applicable to the o)mpany through disujssions with directors and other management, and from our commerual knowledge and experien￿ of the company's activty. . We focused on specific laws and regulatr'ons vthith we ojnsidered may have a direct material effect on the financial ststements or the operati￿$ of the company. induding the Companies Act 2006, taxation legislatson and data prOteCt￿n. We understocd the company is complying with those frameworks by making enquiries with management to understand how the group maintains and communicates its policies and prc¢edures to ensure cofflpliance. We corroborated this through our review of the group's board minutes. We also reviewed corresponderth with the relevant tsx authonties regarding tax coM￿lan￿. Identified laws and regulations v￿e communicated wrthin the audit team regularty and the team remaineJ alert to InStan￿S of non-compliance throughcxrt the audr(. We assessed the SUS￿ptibllity of the Company's finanaal statements to material misstatement, including how fraud might occur. by.. - making enouiries of management as to where they considered there was sUs￿ptibIlity to fraud. thelr krK)wledge of a(lual. suspected and alleged fraud.. - considering the internal controls in pla￿ to mitigate risks of fraud and non-compliance V￿th laws and regulations,. and understanding the potential incentives and pressures for management to manipulate the financial statements and perfomied procedu￿$ to understand the a￿a$ in which this would most likely arise. Based on our risk assessment prc(edures ¢Jn this Company as a holding entsty, we identifie(I management override of controls as our fraud nsk. . To address our fraud risk of management override of controls. we perfomed analybcal procedures to idenb.fy any unusual or unexpected relationships.. 10 The Traveller Movement Company Limited by Guarantee Independent Auditorfs Report to the Members of The Traveller Movement (eonllnu•dJ Year ended 31 March 2024 • Tested journal entries to identify unusual transactions., Assessed whether judgements and assumpb"¢Jns made in determining any accounting estimates were indicative of potentsal bias- Investigated the rationale behind significant or unusual transactions. In response to the risk of irregularities and non-compliance with laws and regulations, we design￿ procedures vthich induded, but were not limited to.. o agreeing finanaal ststement disdosures to undedying supporting documentation. o readirrfJ the minutes of meeb.ngs of those charged with governan￿. There are inherent limitations in our aLKlit procedures descriljed above. The more removed that laws and regulations are from financial transactions. the less likely it is that we would become aware of non-compliance. Auditing stsndards also limit the audrt procedures required to identfy non-complian with laws and regulations to enquiry of the directors and other management and the inspection of regulaiory ano legal corre5ponijvi1￿, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may Involve deliberate cOn￿alment or ￿llUSIon. As part of an audrt in accordance with ISAS (UK). we exercise profess￿nal judgment and maintain professional sceP￿.c1sM throughout the audrt. We also.. Identify and assess the risks of material mi8Statement of the financial statements. whether due to fraud or error. design and perfom aLMJit prC￿dureS resp)nsive to those risks, and obtsin audit eviden￿ that is suffiaent and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resuth.ng from fraud is higher than for one resutts'ng from error, as fraud may involve collusion. forgery, intentional omissions. misrekyesentations. or the override of intemal ￿ntrOl. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the Circumstan￿5, but not for the purpose of expressing an opinion on the effectiveness of the intemal control. Evaluate the appropriateness of accounting poliaes used and the reasonableness of accounting estimate8 and related disdosures madc by the truètees. Condude on the appropriateness of the trustees. use of ihe going concem basis of accounting and. based on the audit evidence obtained. whether a material Un￿rtaInty exists related to events or condjts'ons that may cast significant doubt ¢Jn the chanty's ability to continue as a going concern. If we wndude that a material uncertainty exists. we are required to draw attention in our auditors report to the related disclosures in the financial stalements or, if such disclosures are inadequate, to modify our opinion. Our (x)ndusions are based on the audit eviden￿ obtsined up to the date of our auditor's rer()rt. However. fuiure events or cx)nditions may cause the charity to cease to continue as a going concem. Evaluate the overall presentab"on, strucbjre and content of the finanoal statements. induding the disdosures, and whether the finanoal statements represent the underlying transactions and events in a manner that achieves fair presentation 11 The Traveller Movement Company Llmlted by Guarantee Independent Auditorfs Report to the Members of The Traveller Movement (eontinu Year ended 31 March 2024 We communicate with those ¢harged with govemarKe regarding. among other matters. the planned Scope and timing of the audit and significant audit findings. induding any significant defiriencies in intemal ￿ntrol that we identfy during our audit. Use of our report This report is made solety to the tharitys membws, as a body, in accordan￿ with Chapter 3 of Part 16 of the Companies Act 20C6. Our audrt Wofk has been undertaken so that we might state lo the charity's members those matters we are required to stste to them in an auditorfs report and for no other purpose. To the fullest extent pemiitted by law, we do rK)t accept or assume responsibility to anyone other than the charity and the charitys members as a body, ts our audrt work, for this report, or for the opinions we have fomied. Evangelos Charalambous (Senior Statutory Auditor) For and on behalf of N7 Accountants Limited Chartered certified accountants & statLrtory auditor Central House 1 Ballards Lane London N3 1LQ 25 October 2024 12 The Traveller Movement Company Limited by Guarantee Statement of Financial Activities (Including income and expenditure account) Year ended 31 March 2024 2024 Unrestricted Restricted funds funds Total funds Total funds 2023 Income and endowments Donations and legacies Charitable activrties Investment income 2.445 74,309 4,204 2,445 513,820 4.204 12,011 570,561 1,626 439,511 Total Income 80,958 439,511 520.469 584,198 Expendituro Expendf(ure on charitable activtbes 57,208 446,794 504,CA)2 447,902 Total expendlture 57.208 446.794 504,tsJ2 447.902 Net incomè and net movement In funds 23,750 (7,2831 16.467 136,2 Reconciliation of funds Total funds brought foNRfd as previousty reported Prior year adiustrient Total funds brought forward as reslated Total funds carried foThHrd 437.316 182.330 619.646 483,350 437,316 182,330 619,646 483,350 461,C66 175.047 8%.113 619.646 The statement of financial activrties indudes all gains and losses re(x)gnised in the year. Atl inrxjme and expenditure derive from o)nts'nuing ath'vities. Thg n¢)tss on pago1 16 to 26 fomi part of financlal $tstomont8. 13 The Traveller Movement Company Limited by Guarantee ststement of Flnanclal Position 31 March 2024 2024 2023 Fixed assets Tangible fixed assets 16 17.962 16,862 Current assets Debtors Cash at bank and in hand 17 26,417 654,159 59,045 597,761 680,576 656.8C6 Creditors: amounts falling due wlthln one year Net current assets 18 62,425 54,022 618,151 602,784 Total assets less current Ilabilltles 636,113 619.646 Net assets 636.113 619,646 Funds of the charity Restricted funds Unrestricted funds 175.047 461,C6S 182.330 437.316 Total charlty fund8 636,113 619,646 These finanaal statement5 were approved by the board of trustees arMJ authorised for issue on 25 October 2024, and are signed on behalf of the board by: Ms Pauline Anderson (Chairperson) Trustee Mr Mark Wat Trustee reasurer) Th• nolos on 16 to 26 form part of thgge financial statements. 14 The Traveller Movement Company Limited by Guarantee Statement of Cash Flows Year ended 31 March 2024 2024 2023 Cash flowg from operating activilles Net income 16.467 136,2 Adjustments for.. Depreciation of tangible fixed assets Other interest re￿1vable and similar InC￿e Interest payable and similar charges Accrued expenses 4.490 (4,2iJ4} 695 1,715 4.216 (1,6261 1,051 Chang8s in.. Trade and other debtors Trade and other credrtors 32,628 (16,126) 129,7501 Cash generated ftotn operations 50,479 94,OG1 Interest paid Interest re￿iVed (695) 4,21 (1,051) 1.626 Net cash from operating aGtivtties 61,988 94.636 Cash flows from investing activities Purchase of tsngible assets Net cash used in investing activities (5.59)) (5.5W) {7.C￿} {7.¢)ao) Net Increase in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and rAsh equlvalents at end of year 56,398 597,761 87,546 510.215 654.159 597.761 The not8S 16 to 26 form part of tlw financial stal•mgnts. 15 The Traveller Movement Company Llmited by Guarantee Notes to the Financial Ststements Year ended 31 March 2024 GeneAI Infomiation The tharity is a public benefft entty a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 40 Jeffreys Road, Stockwell, London, SW4 6QX. Statement of compliance These financial sL*ements have been prepwed in Complian￿ with FRS 102, The Finanaal Reporting Standard applicable in the UK and the Republic of Ireland,. the Slatement of Recommended Practice applicable to chanties preparing their a￿Ounts in atxordance wrth the Financial Reporting Standard applicable in the UK and Republ￿ of Ireland (FRS 102) {Charits'es SORP (FRS 102)) and the Companies AJX 21N￿. Accounting pollcies Basis of preparation The financial statements have been prepared on the hIston"￿ cost basis, as modified by the revaluation of certain finanoal assets and liabiliiies and investment properties measured at fair value through income or experKlitLbre. The ffinan￿al ststements are prepared in sterling. which is the fundional currency of the entty. Golng concem There are no material Un￿rtaInlieS about the charitvs abilty to Continue. Judgemènts and key sour¢e8 of estin￿lIOn uncertainty There are no sources of estimation Un￿rtaInty * the reporting date, that have a Significant risk of causing a matenal adjustment to the carying amounts of assets and liabilities wthin the next financial year. Fund a¢¢ountlng Unrestricted fijnas are availaDie for use at discyetion of the trustee8 to furthcr ary of the charity's purposes. Designated funds are unrestrided funds eamarked by the trustees for particular fuiure project or commitment. Restricted funds are subjected to restrictl￿S their expendiiure d￿ared by the d(￿Or or through the terms of an appeal. and fall into one of sub-dasses.. restricted income funds or endowment funds. 16 The Traveller Movement Company Limlted by Guarantee Notes to the Financial Statsments (crythu• Year ended 31 March 2024 Accounting policies (conlnued) Incoming resources All incoming ￿SoUr￿ are induded in the statement of financial activities when entitlement has passed to the thanty.. it is probable that economic beneffts assouated the transaction ¥MII flow to the chanty and the amount can be reliabty measured. The following speufic w)liues are applied to particular categories of income: income from donations or grants rs recognised when there rs eviden￿ of entiuement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised *t)en r￿lpt is probable and entitlement is estsblished. income from donated goLts is measured at the fair value of the goods unless this is impractical to measure reliably. in which case the value is derived from the cost to the donor or the estimated resale value. Donated faulities and services are recognised in the a0￿unt$ when re￿1Ve￿ if the value can be reliabty measured. No amounts are induded for the c0ntribLrt￿n ￿ general volunteers. income from ￿ntraCtS for the supply of Servi￿ is recojnised with the delivery of the contracted servi￿. This is dassffied as unrestricted funds unless there is a contractual requirement for li to be spent on a particular purpose and retumed if unspent, in which case it may be regarded as restricted. Resour￿ expnded Expendf(ure is recognised on an acc￿alS basis as a liabilty is incurred. Expenditure indudes any VAT which cannot be fully recovered. and is dassified under headings of the statement of financial activities to which it relates-. expendrture on raising furKls irKiudes the o)sts of all fijndraising activities, events. non-charitsble trading adiviknes. aThJ the Sa￿ of donated g¢))Js. expenditure on charitable adivities indLM4es all costs incurred by a charity in undertaking activities that further rts charitable aims for the benefit of its benefiaaries, induding those support costs and costs relab'ng to the govemance of the charity apportioned to charitable activf(ies. other expenditure inducks all expenditure that is neither related to raising funds for the charty nor part of its expenditure ￿ charttable actiiAties. All costs are allocated to expenditure categories refie(ling the use of the resource. Direct costs attnbutable to a single athvty are allocated directty to that activty. Shared costs are apporboned betr￿n the adivities they ￿ntribU[e to on a reasonable, justsfiable and consistent basis. Operdting leases Lease payments are recognised as an expense over the lease temi on a straight-line basis. The aggregate benefit of lease in￿ntiveS is reccw3nised as a reduction to expense over the lease temi, on a straight-line basis. 17 The Traveller Movement Company Llmlted by Guarantee Notes to the Financial Ststements (cththu•OJ Year ended 31 March 2024 Ac¢ountlng pollcles {condnw(Q Tangible assets Tangible assets are initially reoxded at ojst. and subsequently ststed at cost less any accumulated depreciation and impainnent losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulaled impaiment losses. An increase in the carying amount of an asset as a result of a revaluati￿, is re(￿nised in other recojnised gains and losses, unless it reverses a charge for imp8iThent that has previously been recognised as expenditure within the statement of finanaal activities. A de(xease in the carrying arnount of an asset as a resu￿ of revaluation, is recognised in other recognised gains and losses, except to which il offsets any previous revaIU￿.0n gain. in vthich case the loss is shown within other recognised gains and bsses on the ststement of finanoal activrties. Depreciation Depreciation is calculated so as to wriie off the cost or valuation of an asse( less Fts ￿sIdUal value. over the useful economic life of that asset as follows: Fixtures and fittings 20% rgjucing balan Impairment of flxed assets A review for inditstors of impaimient is carried out at eath reporting date, wth the recoverable amount being estimated where such indicators exist ￿There the carying value exceeds the recoverable amount. the asset is impaired acc)Jrdingty. Prior imwmients are also reviewed for possible reversal at each rep(Ktsng date. For the purposes of impairment tesb'ng, vthen it is not possible to estimate the recoverable amount of an individual asset. an esb.mate is made of the recoverable amount of Ihe cash-generating unit to which the asset belorwJs. The (£sh-generatr"ng unit is the smallest identifiable group of assets that indudes the asset and generates ￿$h infiows that largely independent of the cash inflows from other assets or groups of assets. For Impaimient tesling of gcodw"Il. the g00th•￿tI acquired in a business combinalion is. from the acquisition date. allocated to each of the cash%enerating units that are expected to benefit from the synergies of the combination, irresFedive of whether other assets or liabilities of the charity are assigned to those units. Government grants Govemment grants are recognised at the fair value of Ihe asset re￿iVed or receivable. Grants are not recognised until there is reasonable assurance that the tharity will compty with the onditions attaching to them and the grants wll be received. 18 The Traveller Movement Company Llmlted by Guarantee Notes to the Financial Ststements (c Year ended 31 March 2024 Accounting policles (cortlnuedj Government grants (conl1rn￿I V¥There the grant does not impose speafied future perfonnano-related conditions on the recipient, rt is recognised in income when the grant prorxjs are retsived or receivable. Where the grant does impose specified future perfomiance-related conditions on the recipiert it is recognised in income only when the perfOrMan￿-re1ate(j conditions have been met INhere grants received are prior to sab'sfying the revenue recognition criieria. they are reLX)gnised as a liabilty. Flnanclal Instruments A financial asset or a finanL?al liabilty is recognised onty *A*hen ts charity becLsmes a party to the ontractual provisions of the instrument. Basic finan￿81 instruments are initbalty le9)gnis￿ at the amount receivable or payable induding any related transa¢Xion costs. Current assets and ¢wrrent liabilrlies are suLwuenty measured at the cash or other consideration expected to be paid or re￿iVed and not discy)unted. Debt instruments are subsequenty measured at amortised rJ)sL here investrnents in shares are publidy traded or their fair value ¢2n otherwse be measured reliably. the investment is subsequently measured at fair value v￿th thanges in fair value recognised in income and experMJtiure. All other suth investments are subsequenlly measured at cost less impairment Other financial instruments, including derivatives, are initialty recognised at fair value, unless payment for an asset is defeffed beyond nomial business temis or ffinanced at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the ￿tUre payments dwountexl at a market rate of interest for a gmilar debt instrument. Other financial instruments are subsequentty measured at fair value, wth any thanges recognised in the statement of financial aclivrties, wlh the exception of hedging instruments in a dÈsignated hedging relationship. Financial assets that are measured at cost or amcrtised (￿st a￿ revievftd for objective evidence of impairment at the end of eath reporh"ThJ date. If there is objective e￿den￿ of impairment. an impairment loss is recognised under the appropriate heading in the ststsment of financial ath"vities in which the inib.al gain was reccMJnised. For all equty instruments regardless of signffiCar￿e. and olher finanual assets that are individually signifirAnt, these are assessed individualty for impaiThent. Other finanaal assets are either assessed individually or grouped on the basis of similar (xedit fisk charactsristics. Any reversals of impairment ate re￿nised immediatety. to the extent that the reversal d￿S not result in a carrying amount of the finanaal asset that exceeds ¥*that the rArrying amount would have been had the impairment not previousty been recognised 19 The Traveller Movement Company Limited by Guarantee Notss to the Financial Ststements (cmthwd) Year ended 31 March 2024 Accountlng policles (cortlnu•é) Deflned contribution plans Contriblrtions to defined Ixntributh)n plans are recognisgj as an expense in the pericd in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment V4fj11 lead to a redu(Xion in future payments or a cash refund. en contributions are not expeded to be settled wholly within 12 months of the end of the reporting date in whith the employees render the related service, the liability is meaSU￿d on a discounted present value basis. The unwnding of the discount is recognised as an expense in the period in vthich rt arises. Limlted by guarantee The company Is Iimoea by guaran￿ not haviTr3 a share CAPital. The liability of the membp.rs is limited. Every member of the company undertakes to contribute to the assels of the company in the event of its being wound up while they are members or wthin one year thereafter for the payment of the debts and liabilitie5 of the company contracted before they ceased to be members and the costs, charges and expenses of wnding up and for the adjustment of the rights of the contn'butors among themselves suth amount as may be required. not exceeding £1. Donatlon8 and legacie8 Unrestricted Tolal Funds Unrestrirted Total Funds Funds 2024 Funds 2023 Donations Sundry Donations 2,445 2.445 12,011 12,011 Charitable actlvities UnrestrKted Funds Restricted Totsl Funds Funds 2024 Communty. AdV￿acY and Campaigni Policy, Research and Public Affairs Other OFerational Activitses 14,7C 278.248 161.263 292,954 161.263 59,603 59,603 74,309 439,511 513,820 Unrestrided Funds Restricted Total Funds Funds 2023 Communty, Advocacy and Campaigning Policy, Research and Public Affairs other Operational Activities 237.227 237.451 237,227 256,275 77,059 18.824 77,059 95.883 474,678 570.561 20 The Traveller Movement Company Limited by Guarantee Notes to the Financial Ststements (C￿Ve￿) Year ended 31 March 2024 Invoslment income Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Bank interest receivable 4,204 4,204 1,626 1,626 Expendlture on charitable actlvlties by fund type Unrestri¢*ed Funds Restricted Total Funds Funds 2024 Communty, Advocacy & Campaigning Policy, Research & Public Affairs Other Operational Activities Support costs 6,761 251,175 65.961 257,936 65,961 10,233 169,872 10,233 40.214 129.658 57.208 446.794 504.002 Unrestricted Funds Restricted Total Funds Funds 2023 Community, Adv￿￿Cy & Campaigning Policy, Research & Public Affairs Other Operational Activttes Supp)rt costs 150.863 153.040 150,863 153,040 14,389 129,610 14.389 10.547 119.( 24.936 422, 447,902 Expendlture on charltable actlvities by activity type Activities undertaken dif• Supwrt costs Total funds 2024 Total fund 2023 Community. Adv(Kacy & Campaigning Policy, Research & Public Affairs Other Operational Activities Governance costs 257.9 65,961 10,233 .617 16.088 35,261 21.9C 201,499 201,387 25,599 19,417 82,049 45,494 21,9C6 334,130 169.872 447,￿2 21 The Traveller Movement Company Llmited by Guarantee Notes to the Financlal Statsments Year ended 31 March 2024 10. Analy818 of support costs Communty. Policy. other Advocacy & Research & Operational Campaigning Public Affairs Activrties Total 2024 Total 2023 Staff costs Premises Communication5 and IT General offi Human resources Finance costs Governance costs Cornmunty engagement 29,475 22.010 23.554 14.481 4.536 7.933 3.359 2.222 1,C66 2.734 40,142 25,369 26,235 47,615 5,220 695 21,SlJ8 2,689 15.662 21,322 42,836 18,572 6,747 1,050 19,418 4,CK13 459 695 5,959 129 13,371 2.￿0 2.578 109,987 22,047 37,839 169.673 129.610 11. Taxatlon The company is considered to pass the tests set out in &*.6, para.1 of the Finance Act 2010 and therefore it m*ts the definition of a tharitable company for UK corporalion lax purpose. Accordingly, the company is potentially exempt from taxats.on in respect of income or capital gains re￿iVed within categories covered by Pt.11. Ch.3 of the Corporation Tax Act 2010 or s.256 of the Taxation of Chargeable Gains Act 1992. to the extent that such income or gains are applied exclusively to charitable purposes. 12. Net Income Net income is stated after thargiwl(credibng): 2024 2023 Depreciakn'on of tsngible fixed assets Operating lease rentals 4,490 438 4,216 442 13. Audltora remunoration 2024 2023 Fees payable for the audit of the financial statements 5.250 3,500 The Traveller Movement Company Limlted by Guarantee Notes to the Financial Ststements (cwtinuedj Year ended 31 March 2024 14. Stsff costs The totsl staff Costs and employee benefits for the reporting FEriod are anatysed as follows.. 2024 2023 Wages and salaries Soual security costs Employer contributions to pension plans 288,162 19,614 18,259 278.996 19,977 11,600 326,035 310.573 The average hea(1 couni of employees during the year was 14 (2023.. 15). The average number of fulktime equivalent employees during the year is anatysaj as follows: 2024 2023 No. No. Number of stsff - Employees Number of staff - Chief Executive Offi￿r 13 14 14 15 The number of employees wh¢)se remuneration for thè year fdl wthin the following bands, were: 2024 2023 No. £60,CiXJ to £69.999 15. Tr￿tee remunorntlon and expense8 No remuneration or other tEneffts from employment with the tharty or a related ents'ty were received by the trustees. 16. Tangible flxed assets Flxtures and ffttlngs Cost Al 1 April 2023 Additions 39,756 5,590 At 31 Mar¢h 2024 45.346 Depreciation At 1 April 2023 Charge for the year At 31 March 2024 22,894 4,490 27,384 Carrylng amount At 31 March 2024 17.962 At 31 Marth 2023 16,862 23 The Traveller Movement Company Limited by Guarantee Notes to the Financial Ststsments (C(¥￿￿￿e0} Year ended 31 March 2024 17. Debtor8 2024 2023 Trade debtors Other debtors 23.219 3.198 57,881 1,164 26,417 59,045 18. Credltors: amounts falling due wlthln one year 2024 2023 Trade creditors Accruals and deferred Ir￿ome Soctal security and other taxes Other creditors 13.852 3g.434 6.998 2,141 8.322 41.738 5,962 62.425 54.022 19. D￿eThed Income 2024 2023 Amount deferred in year 33,500 37.519 20. Penslons and other post retlrement benefits Defined contributlon plans The amount recx)gnised in income or expenditure as an expense in relation to defined contribukn'on plans was £18.259 {2023: £11.6fy)). 21. Government grants The amounts re(x)gnised in the financial ststements for govemment grants are as foll¢)ws: 2024 2023 Recognised in creditors.. Deferred govemment grants due within one year 33,500 37.519 The Traveller Movement Company Limlted by Guarantee Notes to the Financial Ststements (conttnued) Year ended 31 March 2024 22. Anatysls of charttable fund5 Unrestricted funds At Prior year 31 March 2024 Ir￿me Expenditure adjustments At 1 Pw'l 2023 General funds 437,316 80,958 (57.208) 461,C66 At Prior year 31 Marth 2023 Income Expendrture wjjustrnents At 14Yil 2022 General funds 333. 109.520 (24,936) 18,824 437,316 Restrfcted furKIs At Prior year 31 March 2024 IrKome Expenditure adjustments At 1 Api'l 2023 Restricted Fund 182.3XJ 439,511 (446.794) 175.047 At Prior year 31 March 2023 IrKome Expendrture wJjLbsknents At 1 P4Yil 2022 Restric*ed Fund 149,442 474.678 (422.966) (18,8241 182,330 23. Analysls of net assets bet%￿n funds Unrestricted Funds Restricted Total Funds Funds 2024 Tangible fixed assets Current assets Creditors less than 1 year 9.628 460.5T7 {9.139) 461.( 8,334 219,999 (53,286) 17,962 680,576 162,425) Net assets 175,047 636,113 Unrestri¢Xed Funds Restrided Total Funds Funds 2023 Tangible fixed assets Current assets Creditors less than 1 year 9.772 433,383 (5,839) 437,316 16,862 223.423 (48.1831 182.330 154,0221 619.646 Net assets 25 The Traveller Movement Company Limited by Guarantee Notes to the Financlal Ststements (condniw) Year ended 31 March 2024 24. Open Doors Education and Tralning CIC The Traveller Movement was insttumental in providing hosting, development and support to Open Dcors Education and Training CIC during the initial stages of the projecl to provide digital education opwtunth.es to our young people. 25. Government of Ireland: Emlgrant 8UPPOrt progrnmme Govemment Of Ireland.. Emigrant Support Programme IESPJ. A grant of £134,OCQ was received for the year from 1 st Juty 2023 to 30th June 2024. The funds were restricteo for the following purposes.. Chief ExetJJbve Officer salary £48.CXXI.' Policy Campaigns and Research Offi￿r salary £27,CKQ. Administration and Finance Worker salary £15.450.' Project running costs £43.550. Nine months grant income was uts"lised in the perii)d lo 31st Marth 2024. Three months grant income amounting to £33.5C(I has been deferred to the 2024-25 year and wll be utilised by 30th June 2(r24. 1 nfee months grant InC￿e amounts.ng to £32.815 aeferred trom 2022-23 has t)een uVllse(I in this year. 26. Clty Brldge Trust A three-year grant of £161.450 was awarded by Cty Bridge Trust, the funding arm of The City of London Corporation's charity, Bridge House Estates(1035628) covering 1 FT Women's Support Worker, supervision costs. co4esign cosis and related project overheads. £52.230 was received during the accounting year and was recognised as a restrirted fund in the accounts. 27. Mission 44 Mission 44 granted £125.OCQ to The Travelkn Movement The grant is for a 24 month period to support delivery of The Traveller Movemenfs objedives around sthcol exdusions and our wider Preventing Exclusions Fund partners and Mission 44's ambtkn'ons to address the disproportionalty of exclusions for Black Caribbean and Gypsy.Roma.Traveller young people.£46,875 was received during the accounting year. 28. Analysis of changes In net debt At At 1 Apr 2023 Cash fl￿S 31 Mar 2024 Cash at bank and in hand 597.761 56,398 654,159 29. Related partles There have been no transactions with trustees or related parties that require disdOsu￿ in the reFQrting period. None of the trustees have been paid any remuneration or recerved ary other benefits from an employment wlh the charity or a related entity. 30. Ethlcal slandards In common wth many other chantable companies of our size and nature. we use our auditors to assist with the preparation of the financial statements.