2023-03-31-accounts

ANNUAL REPORT & ACCOUNTS 2022/23

www.medaille-trust.org.uk

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WELCOME FROM THE CHAIR OF TRUSTEES AND CHIEF EXECUTIVE

CONTENTS

WELCOME . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 03 PLANS FOR THE FUTURE . . . . . . . . . . . . . . . . . . . . . . 20 2022-23 IN NUMBERS . . . . . . . . . . . . . . . . . . . . . . . . . . 06 PROVISION OF INFORMATION TO AUDITORS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 WHERE WE WORK . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 07 LEGAL AND ADMINISTRATIVE DETAILS . . . . . . 22

VISION, VALUES

AND STRATEGIC OBJECTIVES . . . . . . . . . . . . . . . . . HOW WE MAKE A DIFFERENCE . . . . . . . . . . . . . . . . PROTECTION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . PROSECUTION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . PREVENTION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . PARTNERSHIPS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . FUNDRAISING . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . FINANCIAL REVIEW . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

08 STATEMENT OF TRUSTEES’ RESPONSIBILITIES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 09 10 INDEPENDENT AUDITORS’ REPORT . . . . . . . . . . 24 15 STATEMENT OF FINANCIAL ACTIVITIES . . . . . . 28 16 BALANCE SHEET . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 17 CASH FLOW STATEMENT . . . . . . . . . . . . . . . . . . . . . . . 30 18 ACCOUNTING POLICIES . . . . . . . . . . . . . . . . . . . . . . . . . 31 19 NOTES TO THE ACCOUNTS . . . . . . . . . . . . . . . . . . . . 33

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Simon Young
Chair of Trustees
Garry Smith
Chief Executive
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As we take this opportunity to look back at the 2022-23 financial year, we reflect on how Medaille Trust continues to deliver the legacy of our founder, Sister Ann Teresa SSJA, who sadly passed away just as this financial year was about to commence . Building on the work started by our founder in Southampton in 1997, which led to the launch of Medaille Trust as a stand-alone charity in 2006, we continue to focus on those whose lives have been exploited by the greed of others .

We are now midway through our five-year strategy, developed in 2020, and continue to focus our delivery on three areas:

Prevent - through raising awareness of human trafficking, supporting economic development initiatives in source countries, and working with survivors to prevent retrafficking, we aim to improve identification of potential victims and offer alternative solutions to vulnerable people .

Protect – through our work as an NGO First Responder, the provision of safe-house accommodation, and outreach services, we offer survivors opportunities to recover from their past and rebuild their future .

We continue to be inspired by the vision of our founder, although she was quick to recognise that modern slavery cannot be defeated by the actions of one person alone . The achievements outlined in this annual report are the result of an extraordinary concerted and collaborative effort: the courage and determination of our clients, the dedication and resilience of our staff, volunteers and partners, and the belief shown in us by our funders and supporters .

Pursue – through our Victims’ Voices project and International Law Enforcement Conference, we support survivors to pursue justice and promote best practice in victim care .

Of course, the fight against modern slavery is not something we can take on alone and we continue to be grateful for the partnerships we are part of, some long-standing and some new .

We are sincerely grateful to everyone who has played their part in 2022-23 and hope this report will inspire you to get involved in the work of freeing lives from slavery and exploitation . We are very grateful for all who continue to support our work prayerfully, practically and financially .

As a charity we have focussed this year greatly on staff wellbeing, recognising that those who work at the frontline in difficult and demanding roles, and those who work behind the scenes to support and enable the work, are precious to fulfilment of our mission . The 2022-23 financial year therefore saw the introduction of a number of new initiatives to support staff wellbeing .

Simon Young Chair of Trustees

In December 2022 we carried out a further anonymous staff survey, facilitated independently through Best Companies, and were delighted to see our rating improve to 2 “Outstanding” . When Best Companies Garry Smith announced their quarterly sector Chief Executive* league tables in February 2023, Medaille Trust was listed as the 4th best charity to work for in the UK .

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INTRODUCTION

The Trustees present their report and accounts for the year ended 31 March 2023 . The accounts have been prepared in accordance with the accounting policies set out in the accounts and comply with the Medaille Trust's Articles, the Companies Act 2006, Charities Act 2011 and the Statement of Recommended Practice, "Accounting and Reporting by Charities", (FRS102) . The principal activity of the Charity is the provision of support for those who have been victims of human trafficking . This support is given by providing safe housing and such other support as may be necessary .

STRUCTURE, GOVERNANCE & MANAGEMENT

Medaille Trust is both a limited company and a registered charity . All Trustees are directors of the company and vice versa . New Trustees are largely recruited by personal recommendation . There are currently no vacancies, but as and when these arise the Board will actively recruit for those with suitable skills and experience to fill them . Once recruited, Trustees undergo a structured induction process .

The Chair of Trustees maintains close contact with the CEO to whom the day-to-day operational management is delegated . The Trust is governed by Articles of Association lodged with Companies House .

RECRUITMENT &

APPOINTMENT OF TRUSTEES

The organisation seeks to ensure that there is diversity of experience among the Trustees . Regular meetings identify the strengths and weaknesses amongst the skill set of the Trustees and the Board has actively and successfully recruited new members to improve the efficiency of the board .

TRUSTEE

INDUCTION &

TRAINING

Prospective Trustees become familiar with the practical work of the charity through their presence at meetings and visits to safe houses and outreach hubs . All Trustees are invited and encouraged to attend an annual away day, Board meetings and visit all services in order to familiarise themselves with the charity and its work . A variety of documents exist to use when Trustees are inducted and all are provided with a full set of the Trust's Policies and Procedures .

ORGANISATIONAL

STRUCTURE

The Trustees meet on a regular, formal, basis, at least four times per year but more often when required . During COVID-19 restrictions, meetings were held by video-conference but since the lifting of restrictions we have adopted a hybrid model with some trustees meeting face to face and others joining via video conference .

At the regular quarterly meetings, the Trustees approve the Charity's Strategy and areas for activity and monitor progress against key action plans . In addition, they receive reports from the Chief Executive Officer to enable them to monitor the management of the day-today activities (which they have delegated to that officer and the supporting Service Managers) and provide formal approval for proposed action where necessary . In addition, the Risk Register and any significant budget variations are reviewed at each meeting .

None of the Trustees have any beneficial interest in the Company .

The Charity receives management services and support from Caritas Diocese of Salford, which works from a similar ethos and has many years' experience of health and social care . The objectives and activities of that Charity are to provide care for others in need and are therefore compatible with the objectives and activities of this Charity .

INTERNAL CONTROL

- MANAGING RISK

The Trustees have reviewed the Charity's risk management procedures . In the course of the review the Trustees determine the major risks to which the Charity is exposed, the potential impact if an individual risk materialises and what mitigating actions are in place, or need to be put in place, in order to reduce each risk to a level which the Trustees consider to be acceptable .

They have recorded this position in a Risk Register and encapsulated the necessary risk mitigation action . This Plan classifies the risks into the following four categories:

Governance - which

incorporates the risks at a strategic level, issues of compliance and Board management .

Operational - which

incorporates those risks which impact the Trust's services thereby damaging the ability to provide a quality assured service .

Financial - being those risks which could lead to a significant reduction in the Charity's assets .

External - incorporating

those risks, largely beyond the control of the Trust such as changes in legislation that might impact adversely on the Trust .

The principal specific risk to which the charity is currently exposed is financial .

The pay of key managers and other staff is set by the Board of Trustees before the new financial year . The trustees apply three criteria in deciding the level of pay:

The impact of each post on the Trust's stated objective of the elimination of human trafficking/modern slavery

The external jobs market and the level of pay needed to attract managers with the required skills

The financial resources and financial sustainability of the Trust

COMMITTEES OF THE BOARD

The Board have set up an Audit and Risk Committee which meets periodically to assess various areas of risk, including any issues identified by our external auditors .

A Remuneration Committee has also been set up which meets as and when necessary to consider various aspects of staff remuneration and terms and conditions of employment .

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2022-23 IN NUMBERS

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290 342 189
Clients supported Clients supported Workshops
in Safe Houses in Moving On delivered in Moving
Project On Project Hubs
122 121 52
Drop-in Sessions Awareness-raising Times acted as
delivered in Moving Talks delivered First Responder
On Project Hubs
23 10
Volunteers worked Police Operations
alongside our paid supported
staff
8 5
ABE interviews Enterprises in
conducted Albania supported
through our
Entrepreneurship
Academy
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WHERE WE WORK
KEY:
Head Office
Safe House
Moving on Project
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ANNUAL REPORT & ACCOUNTS
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VISION, VALUES AND STRATEGIC OBJECTIVES

VALUES

Medaille Trust is a clientfocussed charity that equips victims of modern slavery to become survivors .

VISION

Our vision is a world where people are free from exploitation through human trafficking and modern slavery .

We will act with:

RESPECT Embracing the diversity and human dignity of our team and our clients, we will treat everyone with respect both inside and outside our organisation

COLLABORATION Recognising that combating modern slavery is not something we can do alone, we will work in partnership with organisations and individuals that share our aims and values

COMPASSION

Understanding that modern slavery is deeply traumatic, we will demonstrate an awareness of, and sensitivity towards, colleagues and clients at all times

EMPOWERMENT Equipping clients and staff to develop their lives and careers, we will ensure appropriate support and frameworks are in place to facilitate this

PASSION Fostering a drive and determination to eradicate modern slavery, we will approach our work with deep care and commitment .

STRATEGIC OBJECTIVES

Our current strategy runs from 2020-2025 and focuses on seven areas of development (objectives) to enable us to meet the challenges of responding to modern slavery effectively and sustainably .

The seven strategic objectives are:

PROTECTION PEOPLE We will equip more We will attract, develop victims of modern slavery and retain talented to become survivors and people to support our improve our quality of values-driven culture support for victims

PROFILE

PROSECUTION We will increase the We will continue to profile of Medaille Trust as develop the support we a leading anti-trafficking offer to law enforcement organisation in order to agencies in getting justice better fulfil our mission

develop the support we offer to law enforcement agencies in getting justice for survivors

PROPERTY

PREVENTION We will ensure our We will enable properties are both safe programmes to and fit for purpose for discourage and prevent those who live and work trafficking from source there

countries, and broaden our reach in educating PARTNERSHIPS and equipping UK opinion We will work in formers and members of partnership with the public on modern organisations and

the public on modern slavery

individuals that share our

values in pursuit of our strategic objectives .

HOW WE MAKE A DIFFERENCE

2 PROTECT

3 PURSUE

1 PREVENT

we offer protection 365 days of the year to victims of modern slavery - including their dependants - from initial assistance following police raids, to providing safe and comfortable accommodation for up to 133 victims every day, through to ongoing support in the community, helping equip survivors to live independent lives .

we work with law enforcement agencies to prosecute the perpetrators of modern slavery and human trafficking crimes, causing disruption to supply chains, reinforcing deterrents and seeking justice for survivors .

we raise awareness about modern slavery and support initiatives both in the UK and globally to help prevent those who are vulnerable, from falling prey to traffickers and exploitation

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CASE STUDY

PREVENT

The number of confirmed potential victims of modern slavery continues to rise . As the Government’s own website reports:

country in order to identify potential enterprises to join an Entrepreneurship Academy . The Academy is funded by Medaille Trust and facilitated by New Paradigm Ventures, a social enterprise experienced in delivering similar courses worldwide . The academy received 24 applications and five enterprises were chosen to go through the course with a view to producing sustainable business and finance plans . The course was completed in May 2023 .

empowered to appropriately report any potential victims that they may encounter and further exploitation may be prevented .

Secondly, our Moving On Project provided services in six geographic locations that wrap around the statutory NRM services, working with both those who are vulnerable to being trafficked, are already in potential exploitative situations and those who have exited the NRM but remain vulnerable to being re-trafficked due to their circumstances .

“There were 16,938 potential victims of modern slavery referred to the Home Office in 2022, representing a 33% increase compared to the preceding year (12,706) and the highest number since the National Referral Mechanism (NRM) began in 2009.”

Medaille Trust continues to work to try to prevent people entering into or being trapped in exploitative situations . Our prevention work has a number of different strands .

Thirdly, we focused on the number one source country for modern slavery victims in the UK – Albania . As the Government website acknowledged:

Firstly we raise awareness of modern slavery in communities across England . 121 such sessions were delivered in the 2022-23 financial year, which included sessions in the Catholic Archdiocese of Birmingham as part of our continuing “Look up!” partnership, sessions to healthcare professionals, schools, churches and general community groups . By raising awareness of the issue and teaching people to spot the signs of modern slavery we hope that citizens will be

“Albanian nationals overtook UK nationals as the most commonly referred nationality in 2022”

Source: https://www .gov .uk/government/ statistics/modern-slavery-nationalreferral-mechanism-and-duty-to-notifystatistics-uk-end-of-year-summary-2022/ modern-slavery-national-referralmechanism-and-duty-to-notify-statisticsuk-end-of-year-summary-2022

We recognise that poverty and a lack of job opportunities in Albania are a driver to people accepting offers from traffickers to come to the UK . We therefore built on over ten years of partnership work with Mary Ward Loreto in Albania to reach out, through them, to other NGOs working in the

Source: https://www .gov .uk/government/ statistics/modern-slavery-nationalreferral-mechanism-and-duty-to-notifystatistics-uk-end-of-year-summary-2022/ modern-slavery-national-referralmechanism-and-duty-to-notify-statisticsuk-end-of-year-summary-2022

The Entrepreneurship Academy was launched in October 2022 by CEO Garry Smith who ran a launch event for nine Albanian NGOs in partnership with MD of Ethical Good, Duncan Parker . Speaking at the event Duncan said: “we know that one of the drivers of modern slavery is poverty and often people will feel forced to accept spurious offers of employment in the UK because they feel they have no hope of employment by staying in Albania”.

The Entrepreneurship Academy aimed to support five enterprises in Albania to produce sustainable business plans . This would help them thrive and offer employment opportunities to local people, giving them hope for a future and reducing the risk of being exploited in the UK .

One of the five enterprises accepted for the academy is run by QSNNN, an NGO based in Fushë-Arrëz in the North of Albania – an area notorious for recruitment by traffickers because of the lack of opportunity in the area . QSNNN is already supporting the community in a variety of ways, but wanted to develop their social enterprise which purchased fruit, vegetables and herbs from local growers, dried them and then packaged them for sale in local markets .

Joseph Bistransky from QSNNN said “we know we already had a business model that was supporting growers, but we felt that with support this could be even stronger and allow us to support more local growers and also provide much needed income for our own NGO to support our other programmes”.

At the town hall session at the culmination of the academy, QSNNN presented their newly developed business plan . It demonstrated how, with a small investment to purchase a commercial dryer, they could increase their capacity and prolong the season for their work, which in turn would grow their income .

Given the volume of people being trafficked from this part of Albania, along with the demonstrated potential impact on the local community, Medaille Trust has chosen to partner with QSNNN to support their work in order to try to prevent more people being trafficked to the UK .

CEO Garry Smith said “I am excited to see how this partnership will develop over the coming years. The prevention of human trafficking is a key strand of our work and to partner with a respected NGO who are already working at the heart of one of the most vulnerable communities in Albania is a real privilege and a great opportunity to help in the global fight against modern slavery”

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CASE STUDY

PROTECT

Ever since our founder, Sister Ann Teresa SSJA, ventured out in the evening, after completing her day job as a school teacher, with a flask of coffee to share with street sex workers in Southampton, protection for vulnerable individuals has been at the heart of our work .

this is more than twice as many referrals as we made in 2021-22 (25) . For those 52 individuals this was the critical first step in helping them to be protected from further exploitation and start their journey of recovery .

by volunteers, and also in partnership with statutory and voluntary agencies .

Our safe houses are more than just a bed; we are there to support each resident with their individual needs, both in the short and medium term . Through an initial needs-based assessment, we aim to identify the detailed support needs of each individual, which may include:

The main protection work that we carry out is the work we do directly with survivors – both those referred to our safe houses under the NRM through our partnership with The Salvation Army who hold the Modern Slavery Victim Care Contract from the Home Office . We also have the Moving On Project which was set up to work with females following a positive Conclusive Grounds decision and their exit from the NRM, but has recently grown to also support male victims in certain areas and also carries out pre-NRM work with those deemed to be at risk of becoming victims of modern slavery .

Our protection work can start when we accompany the police on operations where they suspect there are victims of modern slavery . Working alongside police officers, our team will be there to offer protection, support and reassurance to anyone liberated in the operation .

Physical health needs

• Psychological and emotional needs

• Cultural and spiritual needs

Often the best way to protect a potential victim of modern slavery is to refer them into the National Referral Mechanism (NRM) the statutory system of support for potential victims . Most referrals into the NRM are by statutory agencies – the police, Border Force, Local Authorities etc . However a select group of NGOs, which includes Medaille Trust, have been entrusted to also act as First Responders which gives our trained staff the ability to make a referral . During the 2022-23 financial year we acted as a First Responder 52 times –

• Practical needs (e .g . interpretation services)

• Access to legal advice and representation

• Access to specialist services, such as substance dependency services

We also organise a range of activities, both within the safe house and the community, aimed at boosting self-esteem, building confidence, and improving social skills, while reducing the risks of stress, depression and anxiety .

In total we supported 632 survivors of modern slavery in 2022-23 across our residential and community based projects . The work that we do is tailored to the needs of individuals and is delivered both directly by our trained staff team, supported

Ian (not his real name) had endured a difficult childhood in Lithuania having been brought up in an orphanage where he witnessed staff abusing other children . When he became an adult, Ian formed a relationship with a lady who became his girlfriend . One evening whilst driving to a restaurant with his girlfriend and her father, their vehicle was involved in a road traffic accident and sadly both Ian’s girlfriend and her father died as a result of injuries sustained in the accident . Both his experiences in the orphanage and the trauma from the fatal accident caused Ian to have mental health issues throughout his life . He did go on to marry and have a daughter, but when his relationship broke down he decided to come to the UK .

An agent in Lithuania assisted Ian to find employment and accommodation in the UK and he was told to go to an address in Wolverhampton . He worked for another Lithuanian collecting secondhand clothes for a charity, however no wages were forthcoming and his boss was hostile towards him eventually physically assaulting Ian one time so badly that Ian sustained serious injuries to his back and ribs .

After he eventually escaped he was found destitute by The Salvation Army’s homeless team in Bradford and was referred into the National Referral Mechanism (NRM) and taken to a Medaille Trust safe house for his protection and support .

Whilst there, our team noticed that Ian’s skin had taken on a yellowish colour and they supported him to get medical help . Ian was subsequently diagnosed with multiple issues including Hepatitis C, asthma, a heart condition, back problems, high blood pressure and he was also critically underweight .

The team supported him throughout his medical appointments and also in helping him with his English language lessons and to get legal help with regards to firming up his immigration status .

After being with us for about 18 months, Ian’s health deteriorated further and he was eventually taken into hospital where he was regularly visited by our team . His health continued to deteriorate and sadly Ian passed away in hospital in May 2023 .

Our team, although obviously upset by Ian’s passing, helped to arrange his funeral as he had no next of kin and also arranged for a church service in his memory where they and the other clients who had been Ian’s friends were able to celebrate his life and mourn his passing .

Although this was a sad outcome, we know that for the last 18 months of his life Ian was protected and supported and knew that he was safe .

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CASE STUDY

PURSUE

In her final annual report, Dame Sara Thornton the Independent Anti-Slavery Commissioner again outlined that the pursuit of justice was a key priority, she stated:

“I was very impressed with Medaille. The response times were great, communication excellent and Medaille contacted the victims directly to arrange the ABE.

Excellent service. I will definitely use again. It saved Lancashire Police money and time which is a win win.“

Detective Sergeant Jen Mills – Lancashire Constabulary

“Law enforcement activity and prosecutions remain critical to eradicating slavery. Every publicised, successful prosecution is a likely deterrent to perpetrators and provides hope to victims. It is therefore important that the increase in police activity, prosecutions and convictions are reported”

I had two victims in London who had been exploited in Blackpool, however by the time we received the report they were in London.

In addition to ABE interviews to aid prosecution, the same skills and equipment have been used to successfully appeal on behalf of potential victims who have received a negative Reasonable Grounds decision .

For my colleague and I to complete this ABE, we would have had to stay overnight in London, arrange an ABE room at one of the Metropolitan police stations, arrange access for interpreters etc. My head hurts just thinking about it. This would have been a great expense, a lot of arranging and taken a lot of our time up arranging and going down to London.

In addition to Victims’ Voices, we continued to support the Police on operations enabling them to carry out investigative work whilst we provided direct support to victims . We also again held our International Police and Justice Conference in Slovenia where UK and European law enforcement professionals came together to share best practice and intelligence and to build networks with each other and the Medaille team .

During 2022-23 we trained a further 10 caseworkers as part of Victims’ Voices, to carry out Achieving Best Evidence (ABE) interviews of victims of modern slavery who are witnesses to crime to a full evidential standard (i .e . using the same equipment and to the same standard as a police officer would) . We are continuing to network with police forces across the country in order to establish our reputation and credibility in this field . It is a ground-breaking project which has not been tried previously . The early results continue to be promising and the feedback from those using the service has

I contacted Medaille who responded very quickly. I sent them a brief regarding the allegations as I was aware. They arranged for the 2 ABE’s. All I did was to arrange the translator which was no hassle through our portal at work. Medaille produced the appropriate secure discs for me which I was able to review.

been positive .

Dave is a UK citizen who contacted the Police to say he was a victim of modern slavery and had been exploited across the UK . At the time he presented himself, he was described by law enforcement as being dirty and smelly . The police felt he hadn’t eaten or drunk properly in a while, and he was asking the Police for water .

He had been targeted by a criminal group because of his availability for labour . He was put up to live in squalid conditions not within a house, on condition he worked for them . The crime group alleged that he owed them a significant amount of money due to issues with his work for them, over a sustained period of time .

He was in complete fear of Our team made contact with the the criminal fraternity and their Police forces concerned and associates . He was paid a pitiful began engaging with Dave . It amount of money, which after was agreed that if he was willing outgoings, resulted in him being to be interviewed by Medaille paid nothing . His bank details Trust ABE team, in an evidential and banking cards “vanished” format then we could do so . and he had no means of In the interim his stay with us contacting the bank . He had was extended, to afford him no proper use of a bathroom a degree of protection, so he to clean, or use of a kitchen to could begin to rebuild his life . cook, whilst he was under the control of his exploiters . As a result our team interviewed

control of his exploiters . As a result our team interviewed him on video as part of our Dave was extremely fearful and ABE Victims’ Voices pilot . In not willing to provide Police the this environment he gained the specifics around his treatment confidence and trust to open and the people controlling him up about his experiences and just in case they came after him . provided substantially more He was destitute, and Police information, agreeing for us completed the appropriate to hand over this on to law forms to refer him into the enforcement in the evidential National Referral Mechanism format, knowing that the case (NRM) as a potential victim of may well go to court . modern slavery .

This has provided the Police with sufficient evidence and they have now reopened the investigation with new evidence gathered by our ABE team, to pursue the criminals involved . With this additional evidence / information the Police resubmitted the NRM for reconsideration and this time it came back as positive which has enabled Dave to continue to work with the team to help rebuild his life . The Police investigation is ongoing .

Dave came to live in a Medaille Trust safe house whilst he awaited his reasonable grounds (RG) decision, but unfortunately the RG decision came back as negative .

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PARTNERSHIPS

Medaille Trust recognises that no one organisation can end modern slavery on its own and therefore we are committed to working with organisations that share our values, a selection of which are shown by their logos below .

In addition we partner with all Police Forces across the UK and a number of grant making trusts, individuals and religious orders who would prefer to remain anonymous . We are grateful to all organisations and individuals who have supported our work .

FUNDRAISING

Medaille Trust’s approach to fundraising is changing as we look to further develop our charitable activities outside of those funded by the Modern Slavery Victim Care Contract . While we have never adopted an intrusive approach to fundraising, we are developing new ways in which to communicate with or supporters and grow our income streams, within the parameters outlined in the Fundraising Regulator’s Code of Fundraising Practice and all Data Protection legislation .

The majority of our fundraising is centred on trusts and foundations and voluntary donations from individuals, companies and religious communities . We produce a magazine three times a year and there is an opportunity within to make a donation to the Trust . We also have a small number of regular donors who give through direct debit or standing order .

During the year, Medaille Trust did not employ any third parties to conduct fundraising on its behalf and we did not have any corporate partnerships in place . We are registered with the Fundraising Regulator and we have extensive Privacy Policies available on our website, including how we collect and store personal information . We also have a Complaints Policy . During the year no complaints were received .

PUBLIC BENEFIT

In shaping our objectives for the year and planning our activities, the trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity' .

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FINANCIAL REVIEW

During the year, the Trust achieved a turnover of £4,636,996, representing a decrease from the previous year’s £5,112,529 . Despite facing challenges such as inflation, rising costs of light and power, and designated works to expand our services, the Trust still managed to generate a surplus of £98,949, although this was lower than the surplus of £542,413 achieved in the previous year .

To enhance the safety and well-being of our service users, the Trust allocated £650,503 to create additional rooms . This investment reflects our commitment to providing a secure environment for our service users .

Our sources of funds primarily comprise public funds received through contracts and a grant awarded at the beginning of 2021, which concluded in June 2022, as well as private charitable donations from various sources . This diverse funding base contributes to the financial stability of our charity .

Contract fulfilment amounted to £3,218,107, showing an increase from £3,092,608 in the previous year . This growth can be attributed to the availability of more accommodation spaces at the Trust’s locations, allowing us to help a larger number of individuals .

Throughout the year, we utilized the property project reserve, originally established to generate additional spaces, to create eight more rooms at one of our properties . Additionally, we secured the rental of another property with nine rooms towards the end of the year . These initiatives reflect our commitment to expanding our facilities and accommodating the growing demand for our services .

The revenue from the final grant fulfilment for the Moving on Project decreased to £177,658, compared to £677,365 in the previous year . To bridge the project’s funding shortfall, we relied on a substantial donation, a significant grant, and our reserves . This strategic approach demonstrates our proactive management of funding challenges to ensure project continuity .

In terms of charitable donations, we received a total of £184,373 in the current year, down from £354,381 in the previous year but restricted grants are up by almost the same amount . Notably, these donations included a large grant of £381,198 earmarked for capital works and a restricted donation of £261,496 specifically dedicated to the Moving on Project . We greatly appreciate this surge in donations, considering the escalating costs, particularly related to light and power expenses .

Remaining committed to fair compensation, the Trust continues to be a member of the Real Living Wage Foundation . From April 2023 onwards, we conducted a benchmarking exercise to align staff wages, allowing for an increase of up to 10% based on role and industry averages . This step demonstrates our dedication to providing equitable remuneration to our valued employees .

In conclusion, this financial review provides a comprehensive overview of the Trust’s performance, showcasing our ability to navigate challenges while maintaining a surplus . It emphasizes our strategic investments in expanding our facilities, the utilization of various funding sources, the increase in charitable donations received, and our commitment to fair compensation for our staff .

RESERVES POLICY

As of March 31st, 2023, the Trust maintains a total reserves balance of £2,405,558 . Among these reserves, £82,654 is classified as restricted, and £2,288,920 is designated for specific projects, as detailed in note 9 of the financial statements . At the end of the year, the Trust’s free reserves stood at £33,984 . It is important to note that a substantial donation of £399,994 was received in May 2023 .

The reserves serve various purposes, including working capital, contingency funds, property maintenance and enhancements, investments in fixed assets, and the advancement of service development activities that are not supported by contracts . Due to the contract delivery requirements, we have a free reserves ratio target of 25% or above of free or designated reserves for continuity purposes over our total unrestricted expenditure . For the year ending on 31st of March 2023 this target was £926,639 .

The target reserves will be achieved by looking at cost savings across the trust, partnership with regular large donors and specific targeted fundraising .

PLANS FOR THE FUTURE

Looking ahead, the Trust Furthermore, the Trust has recognizes the need for further embarked on international works due to the aging of its prevention projects, which properties and the maintenance are still in their early stages . obligations outlined in the To extend the reach and leases . Consequently, plans impact of these initiatives, it are underway to incrementally is recommended to allocate increase reserves in the an additional £100,000 over upcoming financial years to the next three years . This accommodate these anticipated investment will enable the Trust expenses . to expand and develop these projects, contributing to the In line with this, the Home fulfillment of its mission on a Office has initiated market global scale .

In line with this, the Home Office has initiated market engagement activities for the procurement of the next contract, commencing from June 2023 . The Trust is actively involved in this process, ensuring a smooth transition and continued provision of services .

While the Home Office contract remains the Trust’s primary source of income, facilitated through The Salvation Army, there is a recognized need to explore opportunities for diversifying income sources . This strategic approach aims to enhance financial stability and reduce dependency on a single funding stream .

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PROVISION OF INFORMATION TO AUDITORS

Each of the persons who are Trustees at the same time when the Trustees’ report is approved has confirmed that:

So far as that trustee is aware, there is no relevant audit information of which the company’s auditors are unaware, and That trustees have taken all the steps that ought to have been taken as a trustee in order to be aware of any information needed by the company’s auditors in connection with preparing their report and to establish that the company’s auditors are aware of that information .

LEGAL AND ADMINISTRATIVE DETAILS

TRUSTEES:

Simon Young Dr Barry Lynch Father Robert Marsh (Chair of Trustees) Olivia Darby Mary Gandy Sister Jane Maltby Marlene Sookdeo The charity has no corporate (Vice Chair of Trustees) Sister Mary Fitzpatrick Trustees . None of the Trustees Sister Teresa Lenehan (Chair of Audit and Risk holds property on behalf of (Resigned 31/12/2022) Committee) the charity . Reverend Terry Tennens Benedict Ryan Sister Henrietta Curran (Resigned 20/02/2023)

The Charity’s professional advisors are as follows:-

REGISTERED OFFICE:

AUDITORS:

Medaille Trust, c/o Caritas Diocese of Salford, Cathedral Centre, 3 Ford Street, Salford, M3 6DP

Crowe U .K . LLP The Lexicon Mount Street Manchester M2 5NT

The Charity has no ‘headquarters’ as such, preferring not to spend its money on offices . The registered office is the office of Caritas Diocese of Salford which supplies management services to the Trust . Trustees provide the policy framework within which executive decisions are taken . Trustees delegate day to day decisions to and take advice from our officers:

BANKERS:

KEY MANAGEMENT Mark Bhagwandin PERSONNEL: (Director of Communication Garry Smith (CEO) and Advocacy) Diane Cox Vasco Carvalho (Director of Operations) (Director of Finance) Marcus Dawson Treena Jones (Director of Police (Director of Fundraising) and Justice Partnerships)

Barclays Bank PLC 31 High Row Darlington Co . Durham DL3 7QS

SOLICITORS:

Grant Saw Solicitors LLP Ground Floor Wood Wharf Building Horseferry Place Greenwich London SE10 9BB

Charity Number: 1117830 Company Number: 5965380

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STATEMENT OF TRUSTEES’ RESPONSIBILITIES in respect to the annual report and financial status

The Trustees are

The Trustees are make judgments and estimates that are responsible for reasonable and prudent; preparing the Annual Report and the state whether applicable financial statements accounting standards have been followed, subject in accordance with to any material departures applicable law and disclosed and explained in the financial statements; regulations .

AUDITORS

Crowe U .K . LLP were re-appointed auditors during the year following their successful audit of 2022/23 .

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business .

THANKS

Charity and company law requires the Trustees 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) . 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 charitable company and of the profit or loss of the charitable company for that period . In preparing these financial statements, the Trustees are required to:

I take this opportunity to express my very sincere thanks and that of my fellow Trustees, to all staff and volunteers, friends, donors and beneficiaries and our partner agencies for their continued support .

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity’s transactions, disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 and the provisions of the charity’s constitution . They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities .

On behalf of the board of the Trustees

Simon Young Chair of Trustees

Dated 9th August 2023

select suitable accounting policies and then apply them consistently;

observe the methods and principles in the Charities SORP;

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INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF MEDAILLE TRUST

OPINION

We have audited the financial statements of Medaille Trust (‘the charitable company’) for the year ended 31 March 2023 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including significant accounting policies . The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice) . In our opinion the financial statements:

give a true and fair view

of the state of the charitable company’s affairs as at 31 March 2023 and of its income and expenditure, for the 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 charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements . We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion .

CONCLUSIONS RELATING TO

GOING CONCERN

In auditing the financial statements, we have concluded that the trustee's use of the going concern basis of accounting in the preparation of the financial statements is appropriate .

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue .

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report .

OTHER INFORMATION

The trustees are responsible for

the other information contained within the annual report . The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon . 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 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 .

OPINIONS ON OTHER

MATTERS PRESCRIBED BY THE COMPANIES ACT 2006

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

the information given in the Trustees’ report, which includes the directors’ report prepared for the purposes of company law, for the financial year for which the financial statements are prepared is consistent with the financial statements; and

the directors’ report included within the trustees’ report have been prepared in accordance with applicable legal requirements .

MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION

In light of the knowledge and

understanding of the charitable company and their environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report included within the trustees’ report .

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

adequate and proper 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

we have not received all the information and explanations we require for our audit; 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’ exemptions in preparing the Trustees’ directors’ report and from the requirement to prepare a strategic report .

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INDEPENDENT AUDITORS’ REPORT

TO THE MEMBERS OF MEDAILLE TRUST (CONTINUED)

RESPONSIBILITIES OF TRUSTEES

As explained more fully in the Trustees’ responsibilities statement set out on page 20, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error .

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so .

AUDITORS’ 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 .

Details of the extent to which the audit was considered capable of detecting irregularities, including fraud and non- compliance with laws and regulations are set out below .

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/ auditorsresponsibilities . This description forms part of our auditor’s report .

EXTENT TO WHICH THE AUDIT WAS CONSIDERED CAPABLE OF DETECTING IRREGULARITIES, INCLUDING FRAUD

Irregularities, including fraud, are instances of noncompliance with laws and regulations . We identified and assessed the risks of material misstatement of the financial statements from irregularities, whether due to fraud or error, and discussed these between our audit team members . We then designed and performed audit procedures responsive to those risks, including obtaining audit evidence sufficient and appropriate to provide a basis for our opinion .

We obtained an understanding of the legal and regulatory frameworks within which the charitable company operates, focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements . The laws and regulations we considered in this context were the Companies Act 2006, the Charities Act 2011 together with the Charities SORP (FRS 102) . We assessed the required compliance with these laws and regulations as part of our audit procedures on the related financial statement items .

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which might be fundamental to the charitable company’s ability to operate or to avoid a material penalty . We also considered the opportunities and incentives that may exist within the charitable company for fraud . The laws and regulations we considered in this context for the UK operations were Employment Legislation .

Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the Trustees and other management and inspection of regulatory and legal correspondence, if any .

We identified the greatest risk of

material impact on the financial statements from irregularities, including fraud, to be within the timing of recognition of grant income and the override of controls by management . Our audit procedures to respond to these risks included enquiries of management about their own identification and assessment of the risks of irregularities, sample testing on the posting of journals, reviewing accounting estimates for biases, reviewing regulatory correspondence with the Charity Commission

USE OF OUR REPORT

and reading minutes of meetings of those charged with governance and sample testing on grant revenue to supporting information .

meetings of those charged with This report is made solely to the governance and sample testing charitable company’s members, on grant revenue to supporting as a body, in accordance with information . Chapter 3 of Part 16 of the Companies Act 2006 . Our audit Owing to the inherent work has been undertaken limitations of an audit, there so that we might state to the is an unavoidable risk that charitable company’s members we may not have detected those matters we are required some material misstatements in the financial statements, to state to them in an auditor’s report and for no other purpose . even though we have properly To the fullest extent permitted planned and performed by law, we do not accept or our audit in accordance with auditing standards . For assume responsibility to anyone other than the charitable example, the further removed company and the charitable non-compliance with laws company’s members as a body, and regulations (irregularities) for our audit work, for this is from the events and transactions reflected in the report, or for the opinions we have formed . financial statements, the less likely the inherently limited procedures required by auditing standards would identify it . In addition, as with any audit, Michael Jayson there remained a higher risk of Senior Statutory Auditor non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the Date 11 August 2023 override of internal controls . We are not responsible for For and on behalf of Crowe U .K . preventing non-compliance and LLP Statutory Auditor cannot be expected to detect The Lexicon Mount Street non-compliance with all laws Manchester M2 5NT and regulations .

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STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023

		Restricted	Unrestricted	Total Year to	Total Year to
	Notes	Funds	Funds	31 March 2023	31 March 2022
Income		£	£	£	£
Voluntary income	1	1,275,986	141,315	1,417,301	2,019,663
Charitable activities	2	-	3,218,107	3,218,107	3,092,608
Investment income	1	-	345	345	154
Other trading activities	1	-	1,243	1,243	104
Total income Expenditure Raising funds Charitable activities Total expenditure Net incoming resources before Transfers Net incoming resources	3 transfers	1,275,986 - 831,490 831,490 444,496 (423,626) 20,870	3,361,010 68,335 3,638,222 3,706,557 (345,547) 423,626 78,079	4,636,996 68,335 4,469,712 4,538,047 98,949 - 98,949	5,112,529 18,768 4,551,348 4,570,116 542,413 - 542,413
Funds at 31 March 2022		61,784	2,244,825	2,306,609	1,764,196
Funds at 31 March 2023		82,654	2,322,904	2,405,558	2,306,609

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006 .

All amounts relate to continuing activities . All gains and losses recognised in the year are included in the Statement of Financial Activities .

BALANCE SHEET

AS AT 31 MARCH 2023

	Notes	2023		2022
Fixed assets		£	£	£	£
Tangible assets	6		1,694,380		1,080,889
Current assets
Debtors	7	599,284		531,444
Cash at bank and in hand		511,553		920,418
Total current assets Creditors: amounts falling due within one year Net current assets Net assets	8 =	1,110,837 (399,659)	711,178 2,405,558	1,451,862 (226,142)	1,225,720 2,306,609
Funds
Unrestricted funds – general	9		33,984		459,274
Unrestricted funds –
designated	9		2,288,920		1,785,551
Restricted funds	10		82,654		61,784
Total funds			2,405,558		2,306,609

The notes to the financial statements on pages 29 to 41 form part of these accounts . The financial statements were approved and authorised for issue by the Board on 9th August 2023

Garry Smith Simon Young Chief Executive Trustee

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CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2022

Cash fows from operating activities Net cash provided by operating activities Purchase of fxed assets Cash fows from investing activities Change in cash and cash equivalents Cash Equivalents at the beginning of the Year Cash Equivalents at the end of the Year NET CASH FLOW FROM OPERATING ACTIVITIES Net incoming resources Depreciation of tangible fxed assets (Increase)/Decrease in debtors Increase in creditors Provision rent free premises Provision rent free premises Donation in kind Net cash provided by operating activities Net incoming resources ANALYSIS OF CASH AND CASH EQUIVALENT Cash at bank and in hand	2023 £ 241,639 241,639 (650,503) (650,503) (408,864) 920,418 511,553 2023 £ 98,949 37,013 (67,840) 173,517 363,164 (363,164) - 241,639 2023 £ 511,553	2022 £ (133,954) (133,954) - - (133,954) 1,054,372	2022 £ (133,954) (133,954)	2022 £ (133,954) (133,954)
		920,418 2022 £ 542,413 26,715 (6,165) (46,917) 337,917 (337,917) (650,000)		920,418
			(133,954)
				160,294 2022 £ 920,418

ACCOUNTING POLICIES

COMPANY INFORMATION

The principal

The charity is a company limited by guarantee (registered number 5965380) which is incorporated and domiciled in the UK .

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

GOING CONCERN

The trustees have reviewed the forecasts and budgets for the period ended 31 August 2023 and are confident that the charity is a going concern .

BASIS OF PREPARATION

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective January 2022) – (Charities SORP (FRS102)), and the Companies Act 2006 . The Medaille Trust meets the definition of a public benefit entity under FRS102 . Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated .

INCOMING RESOURCES

This comprises amounts receivable for the year, where the criteria of certainty, entitlement and measurement have been achieved . Donated services and facilities are recognised as an incoming resource and equivalent expense where quantifiable .

RESOURCES EXPENDED

The company recognises expenses on the accruals basis . Governance costs are charged on a direct cost basis and include audit and legal costs .

TANGIBLE FIXED ASSETS AND DEPRECIATION

Tangible fixed assets are stated at cost less depreciation . Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows: Buildings, Fixtures, fittings & equipment 4 – 40 years straight line . Items less than £1,000 are not capitalised .

RESTRICTED FUNDS

Any income given to the company for a specific purpose has been separately identified so as to ensure that it is spent as the donor dictated .

FINANCIAL INSTRUMENTS

The Medaille Trust Limited has financial assets and financial liabilities of a kind that qualify as basic financial instruments . Basic Financial Instruments are initially recognised at the transaction value and subsequently measured at amortised cost using an effective interest method . Financial assets are held at amortised cost comprise cash and bank in hand, together with trade and other debtors . Financial liabilities held at amortised cost comprise bank loans and overdrafts, trade and other creditors .

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NOTES TO THE ACCOUNTS

ACCOUNTING POLICIES (CONTINUED)

PENSION COSTS

CRITICAL ACCOUNTING JUDGMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

The charity operates a defined contribution pension scheme . Contributions are charged to wages and salaries in the Statement of Financial Activities as they become payable . The assets of the scheme are held separately from the assets of the charity .

In the application of the entity’s accounting policies which are described on page 20, the Trustees are required to make judgments, estimates, assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources . The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant . Actual results may differ from these estimates .

The estimates and underlying assumptions are reviewed on an on-going basis . Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects the current and future periods .

In the view of the Trustees, no assumptions concerning the future or estimation uncertainty affecting assets and liabilities at the balance sheet date are likely to result in a material adjustment to their carrying amounts in the next financial year .

FOR THE YEAR ENDED 31 MARCH 2023

----- Start of picture text -----
1a. Voluntary income 2023 Unrestricted
Restricted Funds Total Funds Total Funds
Funds 2023 2023 2023 2022
Voluntary Income £ £ £ £
Donations and gifts 50,783 133,590 184,373 354,381
Grants 828,039 3,300 831,339 677,365
-
Fundraising 34,000 4,425 38,425
- - -
Donation of property 650,000
-
Donation – provision of rent free premises 363,164 363,164 337,917
Voluntary income 2023 1,275,986 141,315 1,417,301 2,019,663
----- End of picture text -----

The trust has been given the use of six properties rent free . The value of this benefit in kind to the trust is equivalent to the single room rate of housing benefit in the location concerned that the trust would otherwise have to rent .

Investment income

----- Start of picture text -----
Interest receivable - 345 345 154
Investment income 345 345 154
Other trading income
Income from other sources - 1,243 1,243 104
Other trading income 1,243 1,243 104
1b. Voluntary income 2022 Restricted Unrestricted
Funds Funds Total Funds
2022 2022 2022
Voluntary Income £ £ £
Donations and gift 87,328 267,053 354,381
-
Donations of property 650,000 650,000
Grants 677,365 - 677,365
-
Donation – provision of rent free premises 337,917 337,917
Voluntary Income 1,102,610 917,053 2,019,663
----- End of picture text -----

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NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

----- Start of picture text -----
||||| |---|---|---|---| |2. Incoming resources|Restricted|Unrestricted| |from charitable activities|Funds|Funds|Total Funds| |2023|2022| |£|£|£| |Provision of practical and emotional| |-| |support|3,218,107|3,218,107|3,092,608| |-| |3,218,107|3,218,107|3,092,608|

----- End of picture text -----

All charitable activity income in 2023 related to unrestricted income .

Provision of practical and emotional support above relates to the provision of support under the charity’s contracts with partner agencies and is all unrestricted in both years .

3a. Total resources

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |3a. Total resources|Activities| |expended 2023|undertaken|Support|Governance| |directly|costs|costs|2023|2022| |Total|Total| |£|£|£|£|£| |-|-| |Raising funds|68,335|68,335|18,768| |Charitable activities| |Provision of practical and| |emotional support|4,234,955|174,342|60,415|4,469,712|3,967,017| |4,234,955|242,677|60,415|4,538,047|3,985,785|

----- End of picture text -----

Governance costs include payments to the auditors of £12,000 (2022: £8,622) for audit fees, £48,077 (2022: £45,119) to others for professional services and £338 (2022: £357) relating to travel expenses and training . Other support costs of £174,342 (2022: £153,373) comprise outsourced general management costs of £80,422 (2022: £130,063) and administrative costs of £93,920 (2022: £23,309) .

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2023

----- Start of picture text -----
3b. Total resources expended Activities
2022 undertaken Governance
directly Support costs costs 2022
Total
£ £ £ £
- -
Raising funds 18,768 18,768
Charitable activities
Provision of practical and emotional
support 4,343,877 153,373 54,098 4,551,348
4,343,877 172,141 54,098 4,570,116
4. Employees and the cost of key management personnel
2023 2022
Staff costs were as follows
£ £
Wages and Salaries 2,212,554 2,081,381
Social Security Cost 201,737 173,217
Other Pension costs 47,038 39,694
2,461,329 2,294,292
----- End of picture text -----

The key management personnel of the charity comprise the senior management team and are listed on page 19 . The total employee benefits of the key management personnel of the charity were £329,287 (2022: £218,769) .

The average number of employees in the year was 137 (2022: 99) . 1 employee (2022: one) earned between £60,000 - £70,000 in the year .

----- Start of picture text -----
|||| |---|---|---| |Analysis was: -|2023|2022| |Management|17|13| |Support Workers|120|82| |137|95|

----- End of picture text -----

During the year termination payments were made which amounted to £Nil (2022: £6,582) .

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NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

5. Trustees

Trustees received no remuneration (2022: £nil) but were reimbursed for £338 (2022: £357) of travel expenses during this period .

6. Tangible fixed assets

Freehold

6. Tangible fxed assets	Freehold
	Land &	Fixtures, fttings
	Buildings	and equipment	Total
	£	£	£
Cost
At 1 April 2022	1,116,809	54,963	1,171,772
Additions	650,503	-	650,503
At 31 March 2022 Depreciation At 1 April 2022 Charge for the year At 31 March 2022 Net book value At 31 March 2023 At 31 March 2022 All fxed assets are held for charitable use	1,767,312 74,556 31,992 106,548 1,660,764 1,042,253	54,963 16,326 5,021 21,347 33,616 38,637	1,822,275 90,882 37,013 127,895 1,694,380 1,080,890

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2023

8. Creditors: amounts	falling due within one year	falling due within one year		2023	2022
				£	£
Trade creditors				115,411	25,381
Deferred income and accruals				208,610	126,792
Social Security and other taxes				53,065	46,936
Other creditors				22,573	26,583
				399,659	225,692
9a. Unrestricted					31 March
Funds 2023	1 April 2022	Incoming	Outgoing	Transfer	2023
	£	£	£	£	£
Unrestricted Funds - General	459,274	3,361,010	(3,701,097)	(85,203)	33,984
Designated reserves:
Property Project	434,662	-	-	(234,662)	200,000
Service Development	50,000	-	(5,460)	-	44,540
Working Capital	350,000	-	-	-	350,000
Contingency	100,000	-	-	(100,000)	-
Tangible Fixed Asset	850,889	-	-	843,491	1,694,380
Accumulated Fund	2,244,825	3,361,010	(3,706,557)	423,626	2,322,904

7. Debtors	2023	2022
	£	£
Trade debtors	560,624	506,584
Prepayments and accrued income	38,660	24,860
At 31 March 2023	599,284	531,444

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NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

9b. Unrestricted					31 March
Funds 2022	1 April 2021	Incoming	Outgoing	Transfer	2022
	£	£	£	£	£
Unrestricted Funds - General	297,987	3,359,919	(3,021,571)	(177,061)	459,274
Designated funds:
Minimum Reserves	500,000	-	-	(500,000)	-
Health and Safety Reserves	200,000	-	(228,104)	28,104	-
Tangible fxed asset reserve	427,604	650,000	(26,715)	(200,000)	850,889
Capital Projects	200,000	-	(45,814)	(154,186)	-
Albanian Liaison	50,000	-	-	(50,000)	-
Property Project	-	-	-	434,662	434,662
Service Development	-	-	-	50,000	50,000
Working Capital	-	-	-	350,000	350,000
Contingency	-	-	-	100,000	100,000
Accumulated Fund	1,675,591	4,009,919	(3,322,204)	(618,481)	2,244,825

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2023

SERVICE DEVELOPMENT

CONTINGENCY RESERVE

DESIGNATED FUNDS

This represents the amount of the Trust’s accumulated net income which the Trustees have committed to underwrite the expected costs of services and activities which are not funded by contracts .

This represents the amount of the Trust’s accumulated net income which the Trustees wish to hold in order to cover unexpected short-term costs or income reductions .

TANGIBLE FIXED

ASSET RESERVE

This reserve is to cover future depreciation charges .

PROPERTY PROJECT

The value of this reserve will be approved at each year-end and will reduce during the year as expenditure is incurred . Revisions may be approved during the year .

This represents the amount of the Trust’s accumulated net income which the Trustees have committed to:

• a) specific approved capital projects to increase operational capacity, including the purchase of property and the provision of additional rooms or facilities in properties already owned by the Trust; or

WORKING CAPITAL

This represents the amount which the Trustees have determined is necessary to cover the difference between debtors and creditors at each month-end . Since our debtors are usually greater than creditors, part of the Trust’s accumulated net income is needed to cover this difference, and is not available to be spent on other purposes .

• b) capital projects which are not yet finalised but which are expected to be approved in the following 12 months; or

• c) the improvement of any of our existing facilities, whether owned or not . This will include health and safety works .

The value of this reserve will be approved at each year-end and will not normally fluctuate during the year .

The value of this reserve will be approved at each year-end and will reduce during the year as expenditure is incurred . Revisions may be approved during the year, for example if a major unplanned project is approved; or if a planned project is cancelled .

MEDAILLE TRUST

ANNUAL REPORT & ACCOUNTS

39

38

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

10a.	Restricted Funds					31 March
	2023	1 April 2022	Incoming	Outgoing	Transfer	2023
		£	£	£	£	£
Northern		-	-	-	-	-
Southern		4,837	9,292	(6,936)	-	7,193
Central		-	-	-	-	-
Mersey		17,023	423,626	(7,967)	(423,626)	9,056
London	West	-	6,000	(4,541)	-	1,459
London	East	-	-	-	-	-
Coastal		-	-	-	-	-
Bursary		-	34,750	(4,582)	-	30,168
Moving	On Project	39,924	439,154	(444,300)	-	34,778
Provision of rent free
premises		-	363,164	(363,164)	-	-
Accumulated Fund		61,784	1,275,986	(831,490)	(423,626)	82,654

MOVING ON PROJECT

PROVISION OF RENT FREE

MERSEY

These funds have been PREMISES

Restricted funds received met the fulfillment criteria of being used in our capital project at Mersey . As the condition is met, the transfer of the funds has been made to the relevant designation .

received to extend the duration of our Moving On Project via specific fundraising campaigns and grants to enable the continuation of the project .

The reserve represents the benefit in kind given by four religious orders and one individual in the form of the use of buildings rent free . The benefit is exhausted in the year by rent paid in kind .

BURSARY

These funds have been received to provide bursaries to our services users .

REGIONAL RESTRICTED FUNDS

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2023

10b. Restricted Funds					31 March
2022	1 April 2021	Incoming	Outgoing	Transfer	2022
	£	£	£	£	£
Nationwide Central	1,368	-	(1,368)	-	-
Zahn	14,000	-	(14,000)	-	-
Clewer Trust	11,702	-	(11,702)	-	-
Sisters of the Holy Cross	10,000	-	(10,000)	-	-
St Anthony's - Mersey	20,000	-	(20,000)	-	-
St Anthony’s - London East	8,000	-	(8,000)	-	-
Charles Plater Trust	23,535	-	(6,512)	(17,023)	-
Provision of rent free
premises	-	337,917	(337,917)	-	-
John Slater Northen	-	-	(5,000)	5,000	-
Kent Police	-	17,564	(17,564)	-	-
Northern	-	7,985	(7,985)	-	-
Southern	-	6,837	(2,000)	-	4,837
Central	-	6,087	(6,087)	-	-
Mersey	-	5,000	(5,000)	17,023	17,023
London West	-	340	(340)	-	-
London East	-	600	(600)	-	-
Moving On Project	-	720,280	(793,837)	113,481	39,924
Accumulated Fund	88,605	382,330	(454,075)	118,481	61,784

Each Regional restricted fund represents funds received for the specific purpose of being utilised by that service . These are solely restricted to the service they are received in but not restricted to any specific use unless restricted separately .

MEDAILLE TRUST

ANNUAL REPORT & ACCOUNTS

40

41

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

11. Analysis of Net Assets
between Funds
Fund Balances at 31 March 2023	Restricted	Designated	Unrestricted
are presented by:	Funds	Funds	Funds	Total Funds
	£	£	£	£
Tangible Fixed Assets	-	1,694,380	-	1,694,380
Net Current Assets	82,654	594,540	33,984	711,178
Accumulated Fund	82,654	2,288,920	33,984	2,405,558
Fund Balances at 31 March 2022	Restricted	Designated	Unrestricted
are presented by:	Funds	Funds	Funds	Total Funds
	£	£	£	£
Tangible Fixed Assets	-	850,889	230,000	1,080,889
Net Current Assets Accumulated Fund	61,784 61,784	934,662 1,785,551	229,274 459,274	1,225,720 2,306,609

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2023

12. Operating Lease Commitments

At 31 March 2023 the charity had total future minimum lease payments under non-cancellable operating leases as follows: Land and buildings

operating leases as follows: Land and buildings
	2023	2022
Due within:	£	£
1 Year	49,336	27,788
1-2 Years	24,668	13,894
Total	74,004	41,682

13. Related Party Transactions

Dr Barry Lynch is a trustee of CSJB CIO . The trustees of CSJB CIO made donations of £300,000 (2022: £100,000) to the charity in this year .

Sister Mary Fitzpatrick is a trustee of Faithful Companions of Jesus who provide a safe house at below market rent . The trustees of Faithful Companions of Jesus do not have pecuniary interest in the arrangement . Faithful Companions of Jesus also did property upkeep and refurbishments in the year of a total £233,845 (2022: £117,347) .

14. Capital Commitments	2023	2022
Due within:	£	£
Contracted for, but not provided in the fnancial statements	-	-

MEDAILLE TRUST

ANNUAL REPORT & ACCOUNTS

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Medaille Trust, Cathedral Centre,
3 Ford Street, Salford M3 6DP
Visit: medaille-trust .org .uk
Email: enquiries@medaille-trust .org .uk
Medaille Trust is a registered charity, number 1117830
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