Company No. 060224396 (England & Walos) Charlty No. 1125746 MIGRANTS. RIGHTS NETWORK (a company limlted by guranteed) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 CHARLES OSEI. Bsc, Msc. ACIE. MCIPP. AFA ATA CHARITY INDEPENDENT EXAMINER I ACCOUNTANT FLAT 3, 11 ROCHDALE WAY LONDON SE8 4LY
MIGRANTS. RIGHTS NETWORK Registsred Charlty No. 1125746 Reglstered Company No. 6024396 TRUSTEES. REPORT AND FINANCIAL STATEMENTS R THE YEAR ENDED 31 MARCH 2024 CONTENTS Page Legal and Administrative Details Trustees Report Independent Examiner's report Balance Sheet stalement of Financial Activities Statement of Cash flow 10-21 Notes to the Accounts
MIGRANTS. RIGHTS NETWORK Reglstered Charfty No. 1125746 Registered Company No. ORGANISATIONAL PROFILE FOR THE YEAR ENDED 31 MARCH 2024 6024396 TRUSTEES Salnga Tony Chair Edith Yembra Treasurer Eduardo Lopes Secretary Nick Sigler Michael Raff Joanna Knight Dagmar Myslinska resigned on 15 June 2023 Ekaterina Sjostrand appointed on 26 Sept 2023 Sara Battey appointed on 26 Sept 2023 Rakhl Rashml (Vlce-chalr) reslgned on 27 October 2023 REGISTERED OFFICE: Unit 405, Pelican House 138-148 Cambridge Health Road London E15QL BANKERS: Unity Trust Bank Four Brindleyplac6 Birmingham B12JB ACCOUNTANTS: Charles Osei, Bsc (Hons), MSC, ACIE, AFA, ATA, MCIPP Flat 3. 11 Rochdale Way. Deptford London SE8 4LY Page 1
DRAFf TRUSTEE NARRATIVE FOR ANNUAL ACCOUNTS RISK ASSESSMENT The Board of Trustees and Chief Executive Officer have reviewed MRN'S activities and identified the risks to which it is exposed, in particular those related to its operations and finances. This process involved identifying the risks, prioritising the potential impact and the likelihood of occurrence, e.g. cyber security. Through the risk register which is reviewed annually, controls to prevent or minimise the risks have been identified, together with deadlines for their implementation. The process has become more critical with the need for greater cyber security for organisations and individuals. FINANCIAL REVIEW AND RESERVES POLICY The level of reserves during the year to 31 March 2024 were sustained due to positive unrestricted funding outcomes and greater financial sustainability throughout the year, Our fundraising efforts in 2023-24, were focused on finding longer term funders offering unrestricted funding that aligned with our strategic objectives and values. Alongside this, we have considered project based opportunities that have enabled us to proceed with delivering our strategy. We continued to offer our Words Matter workshops as a commissioned service to organisations and funders. They have been well received and offer us a good source of unrestricted income. With a positive funding and reserves outlook in this year, the Board agreed to Spend from the reserves (to bring them down to the agreed amount), and invest in key staffing roles (community engagement) and offer more resources to the policy and campaigns work (policy and campaigns officer}. The Board also reviewed and agreed a new reserves policy in November 2023, which includes a revision of operating reserves to four months, and also agreed for reserves to be held separately for assets, risk management and strategic development. As of 31 March 2024, MRN had unrestricted funds of £97,800. The Board agreed that the prudent level of reserves should not be less than four months of unrestricted expenditure, which at 31 March 2024 equates to reserves of £45,030. MRN has achieved this aim and now holds above this amount as free reserves. The Trustees are confident these reserves are sufficient to cover urgent contingencies should they arise. The Trustees are willing to use the reserves for any funding shortfalls or strategic development needs so they are brought inline with our target and reserves policy. They will continue to review the appropriate levels of reserves, and the reserves policy on an annual basis, the level of unrestricted reserves including the risks associated with various income streams, expenditure plans and balance sheet items at each board meeting.
GOVERNANCE Trustees Trustees are appointed in line with regulations set out in its Memorandum and Articles of Association. They are nominated by current Board members and elected at the AGM based on their knowledge and involvement in work connected to the objectives and activities of the Charity. The trustees who served during the year are shown below. Sainga Tony {Chair) Edith Yembra (freasurer) Eduardo Lopes (Secretary to the Board) Nick Sigler Michael Raff Joanna Knight Dagmar Myslinska resigned on 15 June 2023 Michael Ahanchian resigned on 15 June 2023 Rakhi Rashmi (Vice-chair) resigned on 27 October 2023 Ekaterina Sjostrand appointed on 26 September 2023 Sara Battey appointed on 26 September 2023 A majority of trustees, as members of the network, are already familiar with the work of the charity. All new trustees are given information and inducted with the following information: - the obligations of trustees under the Charity Commission's document CC3', 'Essential Trustees: what you need to know,; Memorandum and Articles of Association; Current financial position of the charity as set out in the latest published accounts, and management accounts; Future plans and objectives Meetings with key staff and board members The MRN board meets on a bi-monthly basis remotely, in-person and in hybrid formats. The Chief Executive Officer and invited key members of staff attend trustee meetings. The Chief Executive Officer is accountable directly to the management committee for all aspects of the operations of the charity. An annual budget is agreed at the beginning of each new financial year, setting out the policy and objectives for that year, the financial implications and the general modus operandi for achieving the objectives. Management accounts are prepared and reported to Trustees at each board meeting.
Preparatlon of the accounts on a golng concern basls The Migrants, Rights Network has reported unrestricted reserves of £97,800 for the year. In light of the high unrestricted reserves, the Board actively decided to reduce the re*rves, invest in additional core staff roles, and the organisation's strategic activities. This is bringing the reserves back into line with the agreed amount a bove. The Trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern. The Trustees are aware that that the organisation needs to focus on a diversification of income, including more individual donations, corporate partnerships, income generation and community fundraising. The trustees will continue to view any uncertainty and risks at each board meeting through the management accounts. Where risks are identified, mitigation plans, and additional board meetings will be scheduled.
MIGRANTS. RIGHTS NETWORK Regl8tsred Charlty No. 1125746 R•gist8red Company No. 06024396 INDEPENDENT EXAMINER'S REPORT ON THE FINANCIAL STATEMENTS TO THE TRUSTEES OF MIGRANTS. RIGHTS NETWORK I report on the financial ststements for the year ended 31 March 2024 set out on pages 7 - 21. This report is made solely to the Trustees of Migrants Rights, Network, as a body, in accordanc8 Wlth regulatlons made under Section 145 of the Charities Act 2011 and Charity SORP. My work has been undertaken so that I might state to the Trustees matters l am required to state to them in an independent Examinerfs report and for no other purpose. To the fullest 8Xtent P8miitt8d by law, I do not accept or assume responsibility to anyone other than the Charity and Charitys trustees for my independent axamination work, for thi5 r8port, or for the statement I have glven b810w. Respectlve re8pon8lbllltl88 of Tru8tse8 and Independent oxamlner As charity trustees of the company (and also its directors for the purposes of the company law) and for the purposes of charity law, are responsible for the preparation of the financial statements, in accordance wlth requirements of the companle5 Act 2006 ('the 2006 Act.). the Trustees conslder that an audlt Is not requlred for this year under section 144(2) of the Charites Act 2011 (the Act) and under Part 16 of the 2006 Act, and that an independent examlnatlon Is needed. I report in respect of my 6x8mln8tlon of the Charltys accounts carrled out... a) examlne the accounts under sectlon 145 of the 2011 Act., b) follow the proGedure8 laid down in the general Directions glven by the Charlty Commissioners under seciion 145{5)(b) of the 2011 Act,. and c) state whether particular matt8rs h8v8 com8 to my attent40n. Basls of Indopend•nt •xamIn0$ 8tstement My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity, and a comparison of th8 accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking axplanations from you as Trustees conceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair Vie and the reports limited to those matters set out in the statement on the next page. Page 5
MIGRANTS. RIGHTS NETWORK Registered Charity No. 1125746 Registered Company No. 06024396 INDEPENDENT EXAMINER'S REPORT ON THE FINANCIAL STATEMENTS TO THE TRUSTEES OF MIGRANTS. RIGHTS NETWORK Independent examlnerfs statement In connection with my examination, no matter has come to my attention.. 1) which gives me reasonable cause to believe that in any material respect the requirements a) to keep accounting records in accordance with Section 130 of the Charities Act,. and b) to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met., or 2) to which, in my opinion, attention should be drawn in order to 8nable a proper understanding of the accounts to be reached. Charles Osei, Bsc (Hons), Msc, ACIE, AFA, ATA , MCIPP Flat 3, 11 Rochdale Way Deptford London SE8 4LY Date . Page 6
MIGRANTS. RIGHTS NETWORK R8gl8tar8d Charfty No. 1125746 Rogl8tsr•d Company No. 06024398 2023124 202W23 Fixed A8¥ets 1,791 cuent Assets Debtors Cash at Bank and In hand 2,083 124,203 16,808 63,846 10 Credltors Amount due wlthinoOn8 Year Other Credltor8 11 (9.201) (5,303) Net As8atslLlabllttle8 118.878 76.812 General Fund8 98,833 61,827 Re8trfctsd Funds: 20.043 13,985 118,876 76.812 The charltable company Is entitled to exemption from audlt under Section 477 of the Companle8 Act 2006 for the year ended 31 st March 2024. The members have not r8quirad the company to obtain an audit of Its financtal statements for the year 6ndad 31 st March 2024 In accordance wlth Sectlon 476 of the Companies Act 2008. The tru8te888cknowledge their rasponsibllities for ensurlng that the charitable comp8ny keep8 ac¢ounting recordsthat &)mply with SeGtion8 388 and 387 of the Companl8s Act 2008 and IE) preparing finaqncial statements whlch glve 8 true and falr vlew of the stats of affairs of th8 charltable company as at the end of each financial year and of it8 surplus or defeict for each financlal year In accordance wlth the requlrements of Section 394 and 395 and which otherwis8 compty with the requirements of the Companles Act 2006 relating to financAai statements, 80 far as applicable to th8 charitable company. These financial statements have been prepared in accordance with the provisions appiic8ble to Chantable companies subject to thé small companies ragime. The financial Statemerrts were approved by the Board of Trustses and authorised for issu8 on . 25 0ctober..20.2.4.and were signed on its behalf by. Chalr
MIGRANTS. RIGHTS NETWORK Registered Charlty No. 1125746 Reglstered Company No. 06024396 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2023124 Totsl Funds 2022123 Total Funds Unrestrlcte Notss d Funds Restrlcted Funds Resources Arlslng Donations and Legacies 5,221 5,221 Income from Charitable Activtties 14,301 14,301 1,620 Grants 15 145,000 69,359 214,359 87,593 Investments 1,017 1,017 393 other Income Total Income 165,538 69,359 234,897 89,606 Expendlturo: Charitable Activities - Grants 15 96,118 53,984 150,102 147,364 Charitable Activities -General 35.307 35,307 Ralslng Funds 6,424 6.424 12,500 Total Expendlture 137,849 53,984 191,833 159,864 Resources retalned for further use 27,690 15,375 43,064 (70,258) Transfer between Funds 9,317 (9,317) Net Movement in Funds Reconciliations of Funds Brought forward 0110412023 61,827 13,985 75.812 146,070 Carrled forward 3110312024 98.833 20.043 118,876 75.812 The company made no recognised gains and losses other than those reported in the income and expenditure account. Pag8 8
MIGRANTS. RIGHTS NETWORK Registered Charlty No. 1125746 Raglsterad Company No. 06024396 STATEMENT OF CASHFLOWS FOR THE YEAR ENDED 31 MARCH 2024 2023124 2022123 Not88 Cash flows from oporatlng actlvltles Cash generated from operations 18 60,357 (84,258) Net cash (used in)Iprovided by operating activites 60,357 (84,258) Change In cash and cash equlvalent8 In th• reportlng porlod 60,357 (84,258) Cash and cash equlvalents at the beglnnlng of the reportlng perlod 63,846 148,104 Ca8h and cash equlvalents at the end of the reportlng perfod 124,203 63,846 Page g
MIGRANTS RIGHTS NETWORK Reglstorod Charlty No. 1125746 Roglstsred Company No. 06024396 NOTES TO THE ACCOUNTS R THE YEAR ENDED 31 MARCH 2 1. Accountlng Pollcles Basls of Preparatlon. The80 accounts have been prnpar8d on an accrual basls and includ8 income and expendlture as they are eamed or incurred, r8ther than as cash received or paid. Reference to the "Charfties SORP" refers to trte Charites SORP IFRS 102).. A¢¢ounting and Reporting by Charities.. Statement of Recommended Practice appllcable to charftles preparlng their accounts in accordanc6 wrth the Financial Reportlng Stsndard applicable in the UK and Republi¢ of Ireland. 2nd edIOn offective 1 January 2019, and In accordance Yth the Compani88 Act 2006. la. Income All income Is r8cognls8d once the Chartty has 8ntttl6ment to the income. It18 probable that th8 Incom8 wfll b8 received. and the amount of income receivabl8 can b8 measured reliably. Grants are included in Ihe Slatem8nt of financial adivities on a 1Vable basis. The balance of income recèiv8d for specific purposes but not explend8d during the period is shown In the relevant funds on the Balanca Sh8et. Wh8rg income Is recglved In advance of ontitlement of receipt, its recognltlon Is deferred and includ8d In credltors 88 def8rr8d incom8. Where enbllgment occur8 before Income Is r8ceiv8d, th8 income is 8CGrued. In¢om8 tax recoverable in relation to donatlons recolved under Gift Aid or deed8 of covenant 18 recognl$ed at the tlme of the don8tlon. Income tax recoverable In relatlon to Investmenl Income Is recognlsod 8t the tJm8 th8 Inv88tm8nt income Is recelvable. 1b. Expendlture ExpendUre Is recognlsed once Ih8r8 Is a18gal or consrtructlv8 obligation to transfer economlc benefll lo a third party. it Is possSble Ihal 8 Ir8nsf8r of economic b8n8fils wll be required in settlement and the amount of thé obligation Can be measured reliably. Expendlture on charltabl& activiti85 Is Incurred on dlr8Ctly und8rtaking the 8Ctivities bthich furth9r the Charity's objectives, as well as any 8990¢18ted support costs. All exnd[tUr0 Is Inclusiv6 of Irr6cov6r8ble VAT. 1c. Govornment grants Govemment grants are credited to the Statsment of finan¢i81 activltles as the related expendrture 1$ Incurred. 1d. Fund accountlng Unr6strict6d Funds are r8cetvab16 or gen6raled for the objects of th6 charity wrthout further specified purpos8 and are available as general funds. Restricted Funds are Subjected to restrictions on their expendrture imposed by the donor. Designated Funds are unrestricted funds but eaTharked by the trustees for particular purposes. le. Penslon costs and Other post•retlrement beneflts The charitable company operates a defined contribution penslon scheme. Contrfbutions payable to the charitable company's penslons scheme are charged to the Statement of Financial Activib'es in the p8riod to which they relate. Page 10
MIGRANTS RIGHTS NETWORK Reglst•red Charlty Nth 1125746 Reglstsrod Company No. 06024396 STOTHEA OUNT FOR THE YEAR ENDED 31 PIARCH 2024 10. Taxatlon The Chaiity is considered lo pass th8 tests set out in Paragraph 1 Schedule 6 of tthe Finance Act 2010 and therefo it meets the definition of 8 charftable company for UK rPOration tsx purposes. Accordingly. the Charity is potentially exompt from taxation in respect of income or capit81 gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxatlon ol Charg6able Gains Act 1992, to the 6xt8nt that such income or gain8 are appll&d èxdusively to Charitable purpos65. 1f. Dobtorn Tradg and other d8btors are r8cognised at tho settl8m8nt amounL Prepayments aro valuod at amount prepald. lg. Cash al bank and In hand Cash al bank and in hand indudes cash and short-tem highly Ilquld investm8nt8 NMth a short maturity of three months or less from the dal8 of acquisition or openinig of thg deposit or simllar aeLount. 1h. Llabllttlès and provlsk*n• Liabllities are recognlsad wh8n ther8 is an obligation at the bal8n¢e sheet date as a result of a past 8v8nt, it Is probable that 8 transfer of economlc benefit will b8 required in 88ttf8m8nt, and the amount of the 88ttlemont c4n be estimated reliably. Llabilities are recognlsed al the amount that th8 Charity anticipates it will pay to settle Ihe debt or the amount It has recelvad as advanced paymonts for the goods or services it must provlda. Provislons are mèasured at the best estimate of the amounts requlred to settle the obllgatlon. Where the effect of the tlme value of money is material, the provision is based on the pres&nt Value of those amounts, dlscounted al the pre-tsx dlscounl ratg that refl8cl$ Ihe dsks speciflc to thé Ilablllty. The unwtnding of the dl8¢ount Ss recognls8d in the Stat8m8nt of financi818ctivities As a finance ¢ost, 11. Flnanclal Instruments The Charity only has financial assets and financial liabilili6s of a kind that qualify as basic financial instruments. Ba3iG financial instrumen15 are Inlllally recogni5ed at transacllon value and subsequenuy measured at Ihelr s6tt16ment value wth the exception of bank loans which are susequenlly measured at amortised cost using the effactlve Interest method. 1J. Crltical accountlng estlmatss and areas of Judgement Estimates and judgements are continually evaluated and are based on historfcal experionce and other factors, including expectations of future events Ihal are believed to be reasonable under Ihe ¢ircum6tsnces. The Charity does not currently have any signiff¢8nt 8ccounting estimates or areas of judgement. 1k. Tanglble Flxèd Assets Equipmenl and other tangible fixed assets are capitslised when the cost is £500 or more Depreciation is provided at Ihe following annual rates in order to lte off each asssl over its estimated useful lif8. Computer equipment straight line over 3years Page 11
MIGRANTS RIGHTS NETWORK Registered Charity No. 1125746 Registered Company No. 06024396 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted 2024 Rostrfcted 2024 2 DONATIONS AND LEGACIES 2023124 2022123 Other Income - Donations Disrupt Foundation GLA -HK Communlty Fund Joseph Rowntree Reform Trust AB Charltable Trust Grant - CAF Keystone Fund Grant - Noel Buxton Trust Grant- Paul Hamlyn Foundatlon Grant -Players of People's Postcode Lottery Garden Court Chambers Travers Smith Esmee FaSrbalrn Foundatlon Esmee Fairbairn Funding Plus Open Rlghts Group Other Grants Total Capital Project Income 5,221 5,221 10,000 18,984 40,375 25,000 10,000 25,000 60,000 25,000 5,626 10,000 18,984 40,375 13,209 25,000 10,000 25,000 60,000 25,000 4,000 1,000 44,000 6,980 9,778 150 221 219 579 3 Income -charitable Activltles Income - Investments 14,301 14.301 1,620 393 2,013 Total Income 165,538 69,359 234,897 89,606 Page 12
MIGRANTS RIGHTS NETWORK Reglstered Charity No. 1125746 Reglstered Company No, 06024396 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 4 CHARITABLE ACTIVITIES COSTS Dlrect Costs (see note 16) Support Costs (see note 6) Total Charitable Activities 157,846 33,721 191,667 6 DIRECTISUPPORT COSTS OF CHARITABLE J Unrestrlctsd Restrlcted 2024 2024 Total 2023124 Totsl 202W23 Fundraising Expenses - Subscriptions Governance cost Officce running cost Premlses cost Office/General Administrative Expenses Professional fees Project, Events & Workshops staff salaries, volunteer and staff travel Website Depreciation - equipment Dlrect Charltable Project Actlvlties Total resources expended 266 2,896 2,348 7,148 189 4,250 2,021 10,574 3,388 661 266 2,896 2,348 9,308 169 4,250 2,021 20,023 3,388 661 146,237 191,567 3.077 10,152 2,160 920 8,084 124,333 2,137 661 9,449 146,237 157,846 33,721 147,364 Page 13
MIGRANTS RIGHTS NETWORK Reglst8red Charlty No. 1125746 Reg18tornd Company No. 06024396 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MAR 6 TRU8TEEES' REMUNERATION AND BENEFITS There was a totsl of £1,347 for Trust8es meetings and expenses for the year ended 31st March 2024. 7 STAFF COSTS 2024 2023 Wages and salaries Staff salarles -Employers Nl Staff salartes -Employers Penslon 138,665 7,529 104,421 4.018 4,987 113,426 154,482 The avarage number of 8mployees during th8 y8ar was 6 (2023.'51. No employees recelved emoluments in excess of £60.000. Page 14
MIGRANTS RIGHTS NETWORK Registered Chartty No. 1125746 Reglstsrgd Company No. 06024396 NOTE TO THE AC OUN FOR THE YEAR ENDED 31 MARCH 2024 8 TANGIBLE FIXED ASSETS Computer equlpmont Totals COST At 1st April 2023 Additions At 31st March 2024 9,459 9,459 9,459 DEPRECIATION At 1st April 2023 Charge At 3st March 2024 7,007 7,007 661 NET BOOK VALUE At 31 st March 2024 1,791 At 31st March 2023 2,452 9 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Debtors Other Debtors 700 1.383 2.083 16,608 18,608 10 Cash at Hand and Bank Petty Cash Unity Trust Bank MRN UTB-MRN Reserve Total 84.714 39,433 124,203 63,846 63,846 Page 15
MIGRANTS RIGHTS NETWORK Reglstered Charlty No. 1125746 Registered Company No. 06024396 NOTES TO THE ACCOUNTS R THE YEAR ENDED 31 MARCH 2024 11 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Social security and other taxes Pensions Other creditors Net Wages 2,896 741 5,526 39 9,201 5,303 5,303 12 ANALYSIS OF NET ASSETS BETWEEN FUNDS 2024 Total funds 2023 Total funds Unrestrlcted Restrlcted fund fund Fixed assets Current assets Current Liabilities 1,791 126,286 9,201 118,876 1,791 126.286 661 80,454 5,303 75,812 118,876 13 MOVEMENT IN FUNDS Net movement In funds At 31.3.24 At 1.4.23 Unrestricted funds General fund 61,827 37,006 98,833 Restrlcted funds Restricted fund 13,985 75.812 6,058 43,064 20,043 118,876 Net movement in funds, included in the above are as follows: 2024 Incomlng resources 2024 Resources expended 2024 Movement In funds Unrestricted funds General fund 165,538 137,849 27,690 Restricted funds Restricted fund 69,359 53,984 15,375 TOTAL FUNDS 234,897 191,833 43,064 Page 16
MIGRANTS RIGHTS NETWORK Reglstered Charfty No. 1125746 Reglstered Company No. 06024396 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 MOVEMENT IN FUNDS- contlnued 14 Comparative net movement in funds, in prior year 12 months included in the above are as follows: 2023 Incomlng resources 2023 2023 Movement In funds Resources expended Unestricted funds General fund 54,639 108,265 (53,626) Restricted funds Restricted fund 34,967 51,599 (16,632) TOTAL FUNDS 89,606 169,864 (70,268) A current year 12 months and prior year 12 months combined position is as follows: Net movement In funds At 31.3.24 At 31.3.23 Unrestrlcted funds General fund 61,827 37,006 98,833 Restrlcted Funds Restricted Fund TOTAL FUNDS 13,985 75,812 6,058 43,064 20,043 118,876 Page 17
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MIGRANTS RIGHTS NETWORK Raglstsrnd Charlty No. 1125746 Reglstered Company No. 06024396 NOTES TO THE ACCOUNTS FOR THE EAR ENDED 31 MA CH20 MOVEMENT IN FUNDS - contlnued FUNDING DE8CRIPTNE • Esmee Falrbalrn Foundatlon offers an unrestricted core cost grant of £120,000 over three years. Joseph Rowntree Reforni Trust provid8d funding to support our Words Matter- Cr8ating bold migration narratlV8s campaign to create new and positive narratlV8s which shift attitudes around migration and tackle divisive rhetoric, espacially thos8 in positions of power. To develop a community of ambassadors and supporters to publicly champion new narratives around migration. and to empower and enable migrants including refugees and migratised communities to speak twth to power giving them a greater sense of belonging, and welcome. Op8n Rlghts Group funded by the Dlgitsl Fr8edom Fund provided us with 8 grant as 8 partner organisatlon to dellver on the right to work checks campaign end engage with those with lived experience, • Gard•n Court Chambern provided funding to support our policy and camp81gning activities to defend civll liberties and the rights of migrants, and to impn)ve migrants, access to social justice. Tudor Trust offered a grant for staff wellbeing and organisational support. Immlgratlon Law Practltlonern, As80clatlon provided funding for MRNlcounsel for prfrlitigation research to identify potential Highly Skilled Migrant (HSM) clalmants to build a legal strategy for potential further strategic litigation. Numerous cases post-Balajigari have r81sed various common legal themes which may require litigation to ensur8 fairness and transparency in how these cases are determined. Page 19
MIGRANTS RIGHTS NEfwoRK Reglsternd Charlty No. 1125746 Roglstered Company No. 06024396 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 MOVEMENT IN FUNDS - continued FUNDING DESCRIPTIVE D18rupt Foundatlon have provided funding for reglon81 covenings for movement bullding and to dlscuss what new futures beyond bord8rs might entsil., whilst building new coalitions for social justice solidarity. CAF Keystone Fund offered funding to support our dlgltal communlcatlons activiti8s, and incr8as8 our audience and engagement. AB Charltable Trust offered unrestrlcted fundlng to support our pollcy influendng work and co- creatlng campaigns with migrant communities. GLA Hongkonger Communlty Fund offered fundlng to deliver the Migrants, Aspiration Programme for London'8 Hongkonger communit188. Paul Hamlyn Foundatlon offered unrestricted funding to build intersection81 alliances for transformational changes to Ihe UK'S Smmigration systems. The Post¢ode Soclety Tru8t offered unrestricted funding to support our community engagement work, and enable migrants to become their own change-makers and build new supportive communities to challenge inequality and discrimination. Nool Buxton Trust offered unrestrided funding which we have used for our core coats, 80 we can continue to work alongside migrants aff8Ct8d, and challenge the narrative discours8. Clty Brldge Foundatlon- Anchor Programmo has offered funding towards the core costs of the organis8tion, including the full-time salary of the Community and Capacity Building Manager to increase collaboration, Solidarity and justice across the migrdnt sector as well as with intersecting sectors (such as LGBTQ+. disability. race equality). P8gg 20
MIGRANTS RIGHTS NEfwoRK Registered Charlty No. 1125746 Registered Company No. 06024396 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 MOVEMENTS IN FUNDS- continued 16 A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows.. Incomlng resources Reources •xpended Movement In funds Unrestrlcted funds General fund 220,177 246,114 (25,938) Restrlcted fund8 Restricted fund 105,583 351,696 1,257 (27,193) TOTAL FUNDS 324,503 17 RELATED PARTY DISCLOSURES There were no related party transactions for the year 31st March 2024. 18 RECONCILIATION OF NET (EXPENDIYURE)IINCOME TO NET CASH FLOW FROM OPERATING ACTIVII 2024 2023 Net (expenditure)lincome for the reporting period (as per the Statement of financial activities) Adjustment for.. Fixed Assets Depreciation charges (Increase)Idecrease in debtors Increasel(decrease) in creditors Net cash (used In)Iprovlded by operatlons 43,084 (70,258) {1,791) 661 14,525 {10,004) 60,357 (84,258) 19 ANALYSIS OF CHANGES IN NET FUNDS At 1.4.23 Cash flow At 31.3.24 Net Cash Cash at Bank and in hand 63,846 63,846 63,846 60,357 60,357 60,357 124 203 124,203 124,203 Totsl Page 21