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2022-03-31-accounts

Company number: 6726553 Charity Number: 1126433

The Pankhurst Trust (Incorporating Manchester Women’s Aid)

Report and financial statements For the year ended 31[st] March 2022

The Pankhurst Trust (Incorporating Manchester Women’s Aid)

Reference and administrative information

for the year ended 31[st] March 2022

Company number 6726553

Charity number 1126433 Registered office and operational address The Pankhurst Centre 60-62 Nelson Street Manchester M13 9WP

Trustees Trustees, who are also directors under company law, who served during the year and up to the date of this report were as follows:

Louise Sutherland Chair (resigned 26thMay 2021)
Caroline Roberts-Cherry Chair (from 26thMay 2021)
Sally Hobbs Vice-Chair
Janet Pickering Secretary
Emma Wallace Treasurer
Saira Ali
Liz Jones
Saleema Kauser
Yvonne Lauder
Sara Radcliffe
Melanie Sharples
Mary Watson
Susannah Thompson Resigned 22ndSeptember 2021
Alison Sinderson Appointed 25thAugust 2021
Key management Gail Heath Chief Executive Officer
personnel Lynne Warner Business Manager
Elaine De Fries Director of Operational Services
Bankers Royal Bank of Scotland
Drummond House, 1 Redheughs Avenue, Edinburgh, EH12 9JN
CAF Bank
25 Kings Hill Avenue, Kings Hill, West Malling, Kent, ME19 4JQ
Solicitors Linder Myers
5thFloor, 19 Spring Gardens, Manchester M2 1FB
Auditors Slade & Cooper Limited
Beehive Mill, Jersey Street, Ancoats, Manchester, M4 6JG

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The Pankhurst Trust (Incorporating Manchester Women’s Aid)

Trustees’ annual report

for the year ended 31[st] March 2022

The trustees present their report and the audited financial statements for the year ended 31 March 2022. Included within the trustees’ report is the directors’ report as required by company law. Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the Memorandum and Articles of Association and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102.

Objectives and activities

The trustees review the aims, objectives and activities of the charity each year. This report looks at what the charity has achieved and the outcomes of its work in the reporting period. The trustees report the success of each key activity and the benefits the charity has brought to those groups of people that it is set up to help. The review also helps the trustees ensure the charity's aims, objectives and activities remained focused on its stated purposes.

The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning its future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives that have been set.

Our Memorandum and Articles of Association define our charitable objects as:

  1. To promote the equality of women.

  2. To promote the benefit of women suffering, or at risk of suffering, domestic abuse and their dependants with the objects of:

  3. a. Relieving need, hardship and distress among such beneficiaries;

  4. b. Promoting the mental and physical health of such beneficiaries;

  5. c. Advancing the education of such beneficiaries; and

  6. d. Advancing the education of the general public in relation to issues of women’s equality and domestic abuse.

  7. To secure for the public benefit the preservation, restoration, improvement, enhancement and maintenance of 60-62 Nelson Street, Manchester as a building of historic and architectural interest, which building shall house a heritage and educational centre for visitors regarding the suffrage movement, women’s equality and domestic abuse together with a drop-in centre for women, space for conferences, classes and social events.

We have been delighted during this year to move forward with our equalities ambition. We were, alongside GM4Women 2028, successful in our joint bid to facilitate the Greater Manchester Combined Authority Women and Girls Equality Panel in July 2021; working with partners from across England, Scotland and Northern Ireland we secured funding from the Department of Digital, Culture, Music and Sport to run the Labyrinth Project that is contributing to system change for women by building capacity and forging stronger networks for support and shared learning locally and nationally; and we partnered with RECLAIM to secure Comic Relief funding for the Full Time Fierce project that supports young working-class girls and women to change the country today and lead it tomorrow. With a combined income of £99,000 this year, these projects will deliver on our Business Plan objectives of strengthening and expanding our networks.

We were equally delighted to re-open the doors of the Pankhurst Museum and Centre and welcome back visitors to the improved exhibition that was installed during the Covid-19 pandemic closure. Thanks to our generous donors and funders including AIM Biffa History Makers, Manchester City

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The Pankhurst Trust (Incorporating Manchester Women’s Aid)

Trustees’ annual report

for the year ended 31[st] March 2022

Council, John Thaw Foundation, Cloudwater Brewery, Alix Partners, Hatch, NEU Manchester, Hazel Reeves, Mottram St Andrew WI, Joanie Clothing, RSA Insurance and Poynton Local History Society, income was up from £59,346 in 2020-21 to £152,990, exhibition costs of £65,526 aside this enabled us to allocate £87,464 to ensuring the Centre was adequately staffed with both paid and voluntary teams and that both internal and external areas were fit for purpose. We are happy to report that visitor numbers are gradually returning to pre pandemic levels.

Our domestic abuse services saw a significant increase in funding and delivery as the Domestic Abuse Act came into force and New Burdens funding was allocated to deliver the statutory obligation to provide safe accommodation. This enabled us to increase the staffing across our existing communal and dispersed refuge provision. It also meant that we were able to renew our focus, with the continued and valued support of Manchester City Council, on moving survivors and their families onto independence as quickly as possible. Income from accommodation rose by 16% in the year and expenditure rose by 18% though this was, in the main, due to increased levels of move on and set up costs for the dispersed properties brought on-line to keep survivors safe from harm. New Burdens funding also enabled us to extend our life saving services to domestic abuse survivors in Manchester City Council Safe Accommodation provision for homeless families and singles.

Outreach services saw a fall in income of 8% as many of the Covid-related grants that we received in 2020-21 were not available in 2021-22 but activity stepped up as restrictions were lifted and other funding streams came online. We were able to build on the success of the IRIS project – our GP training and referral service - by delivering a similar model in sexual health clinics. Funding from the Ministry of Justice administered through Greater Manchester Combined Authority allowed us to employ an Independent Sexual Violence Advocate, (ISVA) to work with victims of sexual violence and we also expanded our partnership working by securing funding for an Independent Domestic Violence Advocate, (IDVA), to work on the Drive project. This Manchester City Council (MCC) funded project is led by Talk Listen Change (TLC) and challenges and supports perpetrators to change and work with partner agencies to disrupt abuse. Referrals across all community outreach services increased by 22% in 21/22.

Our children’s services saw a significant increase in funding and activity during the year. New Burdens Funding contributed to our work with children in safe accommodation and the generosity of Mather Family Charitable Trust and Oglesby Charitable Trust contributed £67,400 for the provision of therapeutic intervention work with children across all services. We secured funding of £15,000 to deliver the 10 Dialogues workshops to young men in schools, this is a programme around sexual violence harm reduction. Whilst we were saddened to see funding, provided by Sport England, for the very successful BeActive Manchester project, come to an end, we were delighted to be able to continue and expand the provision of specialist domestic abuse services for the Big Manchester Partnership.

We are indebted to our incredible volunteers who assist in the delivery of all our projects and, without whom, our mission could not be delivered. During 2021-22 our 290 volunteers provided over 2,500 hours of support in the following ways:

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The Pankhurst Trust (Incorporating Manchester Women’s Aid)

Trustees’ annual report

for the year ended 31[st] March 2022

Achievements and performance

We entered Year 3 of our Business Plan with optimism but also the realistic expectation that delivering safe, quality and sustainable services would be difficult given the fallout from the Covid-19 pandemic and the lifting of restrictions. However, we have responded by delivering more in all 4 core aims of our business:

PREVENT

The Pankhurst Centre was closed from March 2020 until July 2021 and so it was with great delight that we were able to welcome 1,709 visitors in the period July 2021 to March 2022. We had to limit numbers to maintain social distancing so this is not a return to pre-pandemic levels but is a positive start and we look forward to building on this with future activity.

Donations dropped slightly by £10k (7%) but funding from private trusts, including Oglesby and Mather, particularly for our Children’s Service, increased by £41,200.

Our Children’s Services also received new funding from the Ministry of Justice enabling us to strengthen our prevention work by delivering workshops in schools to young men.

PROVIDE

During 2021-22 we received funds from more diverse sources than ever before. Of the £3m income, 55% was from outside of Manchester and 48% from outside of Greater Manchester. Bringing these valuable funds into the city enables Manchester residents to benefit from a greater range of services than has previously been possible. We take financial resilience seriously and saw a drop in rent arrears as our workers improve awareness of debt and benefits.

Calls to our referral line rose by 27% to 3,864 in 2021-22, due partly to the extended hours – the line is now staffed to 7pm weekdays – and also to our investment in an additional operator and administration support.

Referrals into our outreach services rose by 22% to 3,646 in 2021-22 compared to 2020-21 and this was despite losing our BeActive Manchester project delivering physical activity sessions. The number of people who were supported during this period rose by 19% from 1,574 in 2020-21 to 1,872 in 2021-22.

PARTNER

Our provision of safe accommodation through a number of dispersed properties continued to rise and, as of 31[st] March 2022, we had 6 such properties leased from One Manchester and Jigsaw Homes. Such partnerships are essential in improving access to homes that are safe and affordable and we will continue to seek out ways of increasing this provision.

We continue to partner with organisations that support health and wellbeing and have been successful in securing £31,525 worth of grants for such things as IT equipment, school necessities, carpets and other furnishings for new homes. Funding from We Love Manchester also enabled us to move women from refuge into their own tenancies and provide essential items such as white goods and furnishings. We are able to evidence the benefit of our work through our case management system and through our quarterly finance and performance meetings. By closely managing our performance we are able to state with confidence that:

PROSPER

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The Pankhurst Trust (Incorporating Manchester Women’s Aid)

Trustees’ annual report

for the year ended 31[st] March 2022

Our Board of Trustees continue to govern the organisation in line with our Values and the Charity Governance Code. Full Board meetings took place 4 times during the year, supported by Audit, HR and Pankhurst Committees that each have independent subject matter experts. A training day in November refreshed the trustees on their responsibilities around Principle 4: Decision making, risk and control and Principle 6: Diversity.

We were delighted to pilot a project aimed at “growing our own” domestic abuse workers. The Rise project started in January 2022 with 10 women recruited to trainee positions with a view to retaining them in permanent positions within the organisation once their 12-month training programme has been completed. This has been a valuable learning experience for both the trainees and the organisation and we look forward to seeing the impact they have on the services they go on work in.

Our volunteer base has increased greatly and we can now state that 290 volunteers provided some level of support to us in 2021-22, 124 in MWA services, 80 in Pankhurst Centre activity and 86 in our Queen Bee Coaching service. Of these 290, 44 have lived experience and 83 speak a language other than English.

Beneficiaries of our services

Our vision is of a society where every woman has a right to be safe and to be heard and is able to take action to drive the change she wants to see. We aim to empower our beneficiaries to make a real, improved difference to their lives and to all of our communities. We do this by making sure the experiences and needs of the individuals and groups that use our services are central to all we do and are underpinned by our core values, developed through consultation with clients, volunteers, staff and management. We can therefore rightly claim to be:

Courageous by challenging inequality, stepping forward and making change;

Affirming by supporting and inspiring, paying attention to discover what matters;

Generous by sharing our skills, creating energetic positive links, and thriving together; and

Rooted by being secure in our communities, participating and nurturing a sense of belonging.

There was a total increase in unique domestic abuse survivors directly supported from 1,574 in 2020-21 to 1,872 in 2021-22. The chart below shows the differences between selected demographics and that more service users were aged over 70, more came from non-white ethnic backgrounds, more were working or in training, and more declared a mental or physical condition:

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The Pankhurst Trust (Incorporating Manchester Women’s Aid)

Trustees’ annual report

for the year ended 31[st] March 2022

----- Start of picture text -----
Chart Title
2020-21 2021-22
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----- Start of picture text -----
50%
45%
40%
35%
30%
25%
20%
15%
10%
5%
0%
----- End of picture text -----

Our domestic abuse survivors told us that:

The Pankhurst Centre museum re-opened to the public in July 2021 and, since then, has welcomed 1,709 visitors. Whilst we don’t currently collect demographic data on museum visitors we know we have reached out to many more younger people than ever before. Our school holiday activities and trial programme for primary schools have proven very popular and will be developed further in 2022-23. Our volunteers reach out further by delivering talks to other interested groups such as Local History groups, Women’s Institutes, etc.

Our Equalities projects have a far-reaching impact on women and girls across Greater Manchester:

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The Pankhurst Trust (Incorporating Manchester Women’s Aid)

Trustees’ annual report

for the year ended 31[st] March 2022

Financial review

The trustees of the charity continue to monitor financial performance closely through the Audit Committee that meets quarterly. They are mindful that the rapid growth experienced by the charity in recent times has benefitted the operational teams but put intense pressure on the central service teams who have been unable to expand at the same rate. The 2020-21 budget was rolled over into 2021-22 to support the finance team as they got to grips with the additional funding and reporting expectations. By monitoring the financial performance regularly, we were able to control costs and end the year with a lower-than-expected deficit of £57,438.

In April 2021 the Domestic Abuse Bill became law and, with it, a significant amount of funding was made available to improve safe accommodation for victims/survivors. For PTMWA this meant additional funding in the year of £368,500 and £184,250 for 2022-23. However, this was an 18-month only commitment and we will be working closely with the commissioning team at Manchester City Council to mitigate the impact of any potential loss of this funding.

We were saddened to lose in October 2021 our BeActive Manchester project which provided physical activity sessions to families. Funding from Sport England ended and continuation funding was not available.

Our children’s Playfund project, part-funded through Manchester Young Lives, remains at risk as funding has drastically reduced and no longer covers staffing costs. We will review this in early 2022-23 in light of other children’s service provision.

We continue to seek continuation funding for our highly successful Sahara project for BAME women as the current funding comes to an end in May 2022. To lose this project would be a considerable setback as almost half our service users in 2021-22 came from non-white ethnic backgrounds and benefitted from this specialist service. Groupwork, which this project funded, is one of the most highly effective interventions and loss of funding will have a big impact on our communities.

Over the past few years we have diversified our income streams to mitigate the risk from being overly reliant on a small number of funders. Project income for 2021-22 came from 32 funding pots and 15 different funders, in 2017-18 this was 13 funding pots and 5 individual funders.

Reserves policy

The charity intends to maintain a “free” reserve in unrestricted funds to:

In addition, reserves will be held to continue to offer a basic service in line with its charitable objects for a period of between 3 and 6 months.

The Board of Trustees set the reserves level on an annual basis and changes to this are informed by performance, risk and opportunity management systems taking into account service development, secured funding and other factors affecting operational costs. If reserves fall below the agreed level the Trustees will consider ways in which unrestricted funds can be raised to bring the reserve in line with the amounts set out in this policy.

The level of Reserves at 31[st] March 2022 is £1,197,157 (2021: £1,254,595). This includes the Pankhurst Centre lease of £322,801 (2021: £280,231) and restricted reserves of £207,753

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The Pankhurst Trust (Incorporating Manchester Women’s Aid)

Trustees’ annual report

for the year ended 31[st] March 2022

(2021: £267,719). Whilst trustees would usually designate at this point an amount of funds for specific activity in furtherance of the organisation’s charitable objects during the next financial year, as part of our Prosper objective (see below) we are undertaking a review of the remuneration package we offer staff and this will be a priority for our funds in the coming year. As a result, regular reviews of the reserves position will take place throughout the year and funds designated accordingly.

The level of free reserve at 31[st] March 2022 is £503,026 which equates to 2 months operating costs at the current level of activity.

Plans for the future

Our Business Plan for 2019-24 will continue to guide us in the work that we do but we also recognise that there are external forces over which we have no control. The Covid-19 pandemic changed the way that we work and the economic downturn has impacted heavily on the cost and availability of staff and supplies. Our risk register is key to keeping us alert to the pressures that surround us and ensuring our activity is realistic and manageable.

We will continue to deliver activity in accordance with our Business Plan objectives:

Prevent:

Provide:

Partner:

Prosper:

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The Pankhurst Trust (Incorporating Manchester Women’s Aid)

Trustees’ annual report

for the year ended 31[st] March 2022

Structure, governance and management

Governing document

The organisation is a charitable company limited by guarantee, incorporated on 17[th] October 2008 and registered as a charity on 24[th] October 2008. The company was established under a Memorandum and Articles of Association which established the objects and powers of the charitable company and is governed under its Articles of Association.

Company status

Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity. The total number of such guarantees at 31[st] March 2022 was 13 (2021:13).

Trustees

The trustees are directors of the charity and, under the company’s Articles, are known as Board members with voting rights. They all give their time voluntarily and receive no benefits from the charity. Any expenses reclaimed from the charity are set out in note 12 to the accounts.

The Board regularly undertakes a skills audit of the trustees to identify gaps in the Board experience and knowledge. New trustees are appointed on a 3-year term – confirmed at the Annual General Meeting following the appointment - to fill these gaps. There is an induction and training plan in place for all trustees to strengthen their role in safeguarding and strategic planning and, in addition to the standard Board meetings, there are a minimum of two additional strategy and training days per year. In 2021-22 these focussed on areas from the Charity Governance Code. Trustees are also able to access the organisation’s training plan and attend any that they feel would be beneficial to their role and/or understanding. A trustee usually represents the charity at the annual WAFE conference.

Organisational structure

The organisation is affiliated to the Women’s Aid Federation of England (WAFE) but is an independent charitable company with its own structure and operational policies.

The trustees delegate day-to-day management of the charity to the Chief Executive Officer and the Senior Management Team who, at 31[st] March 2022, comprised:

Chief Executive Officer Gail Heath Business Manager Lynne Warner Director of Operational Services Elaine De Fries Operations Managers Christie Webster Nabeela Hussain Val Nuttall (started 30[th] June 2021) Finance Manager Ruth Rigby HR Manager Megan Burns (started 7[th] March 2022)

The organisational Scheme of Delegation, reviewed annually, sets out the responsibilities of the Board and CEO/SMT which, at 31[st] March 2022, was as per the table below:

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The Pankhurst Trust (Incorporating Manchester Women’s Aid)

Trustees’ annual report

for the year ended 31[st] March 2022

Subject Reserved for the Board/ Committee Delegated to the CEO
Corporate
Governance		  Approval of the Articles of Association,
Financial and HR Policies.		  Preparation of all associated documents
and policies.
 Implementation of all frameworks,
policies and relatedprocesses.
Strategy &
Campaigning		  Overall Direction of the Charity.
 Approval of strategic and business plans.
 Consideration and approval of formal
strategic partnerships with other
organisations.
 Approval of National Campaigning.		  Preparation of all business, strategic and
other plans.
 Recommendations to the Board for
formal strategic partnerships.
 Approval of Regional and Local
Campaigning.
Budgets and
Expenditure		  Approval of overall annual budget.  Preparation of Annual Budget and
determination of budget holders within
that framework.
Annual Reports
and Accounts		  Approval of the Annual Report and
Accounts.		  Preparation of the Annual Report and
Accounts for Board Approval.
Risk
Management		  Review and Approval of Risk Management
Register.		  Preparation of risk management register.
 Maintenance of internal system of
controls and framework to manage and
minimize risk.
 Inform board of any material changes
likelyto impact risk.
HR Issues  Appointment and remuneration of the
CEO.
 Remuneration structure.		  Development, review and reorganisation
of Organisational Structure.
 All appointments and other HR issues.
Audit Issues  Appointment of auditors and
consideration of significant matters
arisingfrom the audit.		  Liaison with auditors in conjunction with
the Board’s Audit and Risk Committee.
Administration
and Governance		  Cycle of Board meetings and composition
of Board agendas.
 Approval of minutes and financial reports.
 Board Recruitment.		  Ensure Board functions properly via
provision of effective administrative
support.
 Make recommendations for agendas.

Related parties and relationships with other organisations

The charity operates under two trading names – Manchester Women’s Aid which delivers on the domestic abuse objectives and the Pankhurst Centre which delivers on heritage, culture and equalities objectives. All core activity – executive management, finance, HR, IT, property and performance – is delivered by the umbrella organisation The Pankhurst Trust (Incorporating Manchester Women’s Aid) (PTMWA).

It is a strategic objective of the charity to deliver in partnership with other organisations as we believe this strengthens and gives breadth to the quality of service we can provide to our beneficiaries. During the year we were proud to co-operate with the following organisations in pursuit of our charitable objectives:

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The Pankhurst Trust (Incorporating Manchester Women’s Aid)

Trustees’ annual report

for the year ended 31[st] March 2022

Remuneration policy for key management personnel

The remuneration package for all personnel comprises a basic salary and contribution to a pension scheme. All salaries are agreed by the trustees annually. The salaries of the Executive team – comprising the CEO, Business Manager and Director of Operational Services – were independently benchmarked against organisations of a similar nature and locality in 2021.

The charity is subject to pension auto-enrolment and contributions are currently made at 3.5% as agreed by the trustees in 2012. This is reviewed annually, most latterly in March 2022.

During 2021, we took steps to ensure our female staff feel supported and valued when they have children. We made a significant change to our Maternity Policy by setting pay at a level in excess of both the statutory requirement and that of most organisations in the sector.

Risk management

The trustees consider all major risks to which the charity is exposed and are satisfied that the procedures in place to manage them are adequate and effective. The Audit Committee meets quarterly to:

“take delegated responsibility on behalf of the Board of Trustees for ensuring that there is an effective framework for accountability; for examining and reviewing all systems and methods of control, both financial and otherwise, including risk analysis and risk management; and for ensuring the charitable company is complying with all aspects of the law, relevant regulations and good practice”.

The organisation’s risk register is reviewed by the Audit Committee at least twice yearly and by Board at least annually. All staff, management, trustees and independent members of sub-committees contribute to these reviews.

Fundraising

The charity relies on its own staff to raise funds to deliver activity and does not engage a third party to do this on its behalf. As well as a dedicated Fundraising Manager who is responsible for setting the strategy and raising funds from private and corporate donors, most managers are trained in bid writing and are encouraged to apply for funds for work in their areas. This is controlled by a Funding Panel that meets monthly to discuss managers intentions and authorise bids before submission.

All activity follows the 6 principles of the Charity Commission on charity fundraising.

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The Pankhurst Trust (Incorporating Manchester Women’s Aid)

Trustees’ annual report

for the year ended 31[st] March 2022

No trustee or member of staff has been subject to investigation by any fundraising regulator.

No complaints have been received about fundraising activity undertaken by PTMWA or a person on behalf of PTMWA.

PTMWA’s Privacy Policy sets out how we store and use personal data and all fundraising activity is on an opt-in basis with an “unsubscribe” option at all stages.

Funds held as custodian trustee on behalf of others

The charity has not acted as custodian trustee for any other charity during the period.

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The Pankhurst Trust (Incorporating Manchester Women’s Aid)

Trustees’ annual report

for the year ended 31[st] March 2022

Statement of responsibilities of the trustees

The trustees (who are also directors of The Pankhurst Trust (Incorporating Manchester Women’s Aid) for the purposes of company law) are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

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The Pankhurst Trust (Incorporating Manchester Women’s Aid)

Trustees’ annual report

for the year ended 31[st] March 2022

Auditors

Slade & Cooper Ltd were re-appointed as the charitable company's auditors during the year and have expressed their willingness to continue in that capacity.

This report has been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime of the Companies Act 2006.

The trustees’ annual report has been approved by the trustees on 24[th] August 2022 and signed on their behalf by

…………………………………………………………………….

Caroline Roberts-Cherry

Chair of the Board of Trustees

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The Pankhurst Trust (Incorporating Manchester Women’s Aid)

Independent Auditor’s Report

for the year ended 31 March 2022

Opinion

We have audited the financial statements of The Pankhurst Trust (Incorporating Manchester Women’s Aid Charity Ltd (the ‘charitable company’) for the year ended 31 March 2022, which comprise the Statement of Financial Activities (including the income and expenditure account), the Balance Sheet, the Statement of Cash Flows and the related notes. 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:

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 trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the 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. The other information comprises the information included in the trustees’ 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.

In connection with our audit of the financial statements, 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

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The Pankhurst Trust (Incorporating Manchester Women’s Aid)

Independent Auditor’s Report

for the year ended 31 March 2022

we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. 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 the audit:

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in 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:

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement set out on page 16, 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.

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The Pankhurst Trust (Incorporating Manchester Women’s Aid)

Independent Auditor’s Report

for the year ended 31 March 2022

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud is detailed below:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/Our-Work/Audit/Audit-and-assurance/Standards-and-guidance/Standards-andguidance-for-auditors/Auditors-responsibilities-for-audit/Description-of-auditors-responsibilities-foraudit.aspx. This description forms part of our auditor’s report.

16

The Pankhurst Trust (Incorporating Manchester Women’s Aid)

Independent Auditor’s Report

for the year ended 31 March 2022

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Chinwe Jennifer Daniel FCCA DChA Senior Statutory Auditor

for and on behalf of

Slade & Cooper Limited Statutory Auditors Beehive Mill Jersey Street Manchester M4 6JG Date: 19 December 2022

17

The Pankhurst Trust (Incorporating Manchester Women's Aid)

Statement of Financial Activities

(including Income and Expenditure account)

for the year ended 31 March 2022

Unrestricted
funds
Note
£
Income from:
Donations and legacies
3
95,945
Charitable activities:
6
Accommodation
969,591
Community Services
-
Children's Services
-
Pankhurst Activities
31,861
4
19,230
Investments
5
5,056
Total income
1,121,683
Expenditure on:
Raising funds
8
2,246
Charitable activities:
7
Accommodation
970,250
Community Services
-
Children's Services
29,795
Central & Welfare
121,442
Pankhurst Activities
83,722
Total expenditure
1,207,455
(85,772)
-
-
10
(85,772)
Transfer between funds
88,300
Net movement in funds for the year
2,528
Reconciliation of funds
Total funds brought forward
986,876
Total funds carried forward
989,404
Other trading activities
Net income/(expenditure) before
net gains/(losses) on investments
Realised gains/(losses) on investments
Unrealised gains/(losses) on investments
Net income/(expenditure) for the
year		 Restricted
funds
£
31,526
-
1,438,117
221,571
208,811
-
-
1,900,025
-
-
1,415,933
242,961
31,047
181,750
1,871,691
28,334
-
-
28,334
(88,300)
(59,966)
267,719
207,753		 Total funds
2022
£
127,471
969,591
1,438,117
221,571
240,672
19,230
5,056
3,021,708
2,246
970,250
1,415,933
272,756
152,489
265,472
3,079,146
(57,438)
-
-
(57,438)
-
(57,438)
1,254,595
1,197,157		 Total funds
2021
£
137,025
835,234
1,495,618
37,750
59,346
6,284
2,947
2,574,204
200
821,475
1,269,603
58,246
126,885
149,969
2,426,378
147,826
-
-
147,826
-
147,826
1,106,769
1,254,595

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

18

The Pankhurst Trust (Incorporating Manchester Women's Aid) Company number 6726553

Balance sheet as at 31 March 2022

Note
£
£
Fixed assets
Tangible assets
14
330,010
Total fixed assets
330,010
Current assets
Stock
3,984
Debtors
15
344,630
Investments
17
205,444
Cash at bank and in hand
16
490,090
Total current assets
1,044,148
Liabilities
Creditors: amounts falling
due in less than one year
18
(177,001)
Net current assets
867,147
Total assets less current liabilities
1,197,157
Net assets
1,197,157
The funds of the charity:
Restricted income funds
20
207,753
Unrestricted income funds
21
989,404
Total charity funds
1,197,157
2022		 £
£
292,731
292,731
4,876
119,039
205,444
840,702
1,170,061
(208,197)
961,864
1,254,595
1,254,595
267,719
986,876
1,254,595
2021		 £
£
292,731
292,731
4,876
119,039
205,444
840,702
1,170,061
(208,197)
961,864
1,254,595
1,254,595
267,719
986,876
1,254,595
2021
292,731
961,864
1,254,595
1,254,595
267,719
986,876
1,254,595

These accounts are prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small companies and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the company.

The notes on pages 21 to 39 form part of these accounts.

Approved by the trustees on 02/11/2022 and signed on their behalf by:

Caroline Roberts-Cherry (Chair)

Emma Wallace (Treasurer)

19

The Pankhurst Trust (Incorporating Manchester Women's Aid)

Statement of Cash Flows

for the year ending 31 March 2022

Note
2022
£
Cash provided by/(used in) operating activities
24
(309,350)
Cash flows from investing activities:
Dividends, interest, and rents from investments
5,056
Purchase of tangible fixed assets
(46,318)
Cash provided by/(used in) investing activities
(41,262)
(350,612)
Cash and cash equivalents at the beginning of the year
1,046,146
Cash and cash equivalents at the end of the year
695,534
Reconciliation of cash equivalents to items in the Balance sheet
2022
£
Investments
205,444
Cash at bank and in hand
490,090
695,534
Increase/(decrease) in cash and cash
equivalents in the year		 2021
£
290,724
2,947
(7,685)
(4,738)
285,986
760,160
1,046,146
2021
£
205,444
840,702
1,046,146

20

The Pankhurst Trust (Incorporating Manchester Women's Aid)

Notes to the accounts for the year ended 31 March 2022

1 Accounting policies

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

a 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 (FRS 102), second edition - October 2019 (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006 and UK Generally Accepted Accounting Practice.

The Pankhurst Trust (Incorporating Manchester Women's Aid) 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 in the relevant accounting policy note.

b Preparation of the accounts on a going concern basis

The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern.

The trustees have made no key judgments which have a significant effect on the accounts. The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next reporting period.

21

The Pankhurst Trust (Incorporating Manchester Women's Aid)

Notes to the accounts for the year ended 31 March 2022 (continued)

c Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material.

Income received in advance of a provision of a specified service is deferred until the criteria for income recognition are met.

d Donated services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised; refer to the trustees’ annual report for more information about their contribution.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

e Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.

22

The Pankhurst Trust (Incorporating Manchester Women's Aid)

Notes to the accounts for the year ended 31 March 2022 (continued)

f Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of charity.

Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose.

Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work or for specific projects being undertaken by the charity.

g Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

h Allocation of support costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the charity's programmes and activities.

i Operating leases

Operating leases are leases in which the title to the assets, and the risks and rewards of ownership, remain with the lessor. Rental charges are charged on a straight line basis over the term of the lease.

j Tangible fixed assets

Individual fixed assets costing £1,000 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a straight line basis as follows:

Leasehold building Straight line over the period of the lease
Fixtures and fittings 12.5%
office equipment 25%
Play equipment 25%

23

The Pankhurst Trust (Incorporating Manchester Women's Aid)

Notes to the accounts for the year ended 31 March 2022 (continued)

k Current asset investments

Current asset investments include cash investments with a notice period of greater than one week and deposit accounts intended to be held for the longer term.

l Stock

Stock is included at the lower of cost or net realisable value. In general, cost is determined on a first in, first out basis. Net realisable value is the price at which stocks can be sold in the normal course of business after allowing for the costs of realisation. Provision is made where necessary for obsolete, slow moving, and defective stocks. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

m Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

n Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

o Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

24

The Pankhurst Trust (Incorporating Manchester Women's Aid)

Notes to the accounts for the year ended 31 March 2022 (continued)

p Pensions

Employees of the charity are entitled to join a defined contribution ‘money purchase’ scheme. The charity’s contribution is restricted to the contributions disclosed in note 11. There were no outstanding contributions at the year end.

2 Legal status of the charity

The charity is a company limited by guarantee registered in England and Wales and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The registered office address is disclosed on page 1.

3 Income from donations and legacies

Current reporting period
Donations -
Heritage
-
Other
HMRC JRS
Miscellaneous income
Total
Previous reporting period
Donations -
Heritage
-
Other
HMRC JRS
Miscellaneous income
Total		 Unrestricted
£
-
74,599
6,323
15,023
95,945
Unrestricted
£
-
41,613
25,471
22,941
90,025		 Restricted
£
-
31,526
-
-
31,526
Restricted
£
16,228
21,286
-
9,486
47,000		 Total 2022
£
-
106,125
6,323
15,023
127,471
Total 2021
£
16,228
62,899
25,471
32,427
137,025

25

The Pankhurst Trust (Incorporating Manchester Women's Aid)

Notes to the accounts for the year ended 31 March 2022 (continued)

4 Income from other trading activities

Income from other trading activities
Room hire
Sales		 2022
£
10,630
8,600
19,230		 2021
£
2,750
3,534
6,284

All income from other trading activities is unrestricted.

5
Investment income
Current reporting period
Income from bank deposits		 Unrestricted
£
5,056
5,056		 Restricted
£
-
-		 2022
£
5,056
5,056

Income from bank deposits was overstated in previous year resulting in negative income in the current year.

Previous reporting period
Income from bank deposits		 Unrestricted
£
2,947
2,947		 Restricted
£
-		 2021
£
2,947
2,947

26

The Pankhurst Trust (Incorporating Manchester Women's Aid)

Notes to the accounts for the year ended 31 March 2022 (continued)

6 Income from charitable activities

Current Reporting Period
Accommodation
£
Housing Related Support
392,519
Small Grants
3,500
AIM Biiffa History Makers
-
Big Lottery
-
Solace
-
GMCA
-
Reclaim
-
Sport England
-
Manchester City Council
-
Big Manchester
-
Iris
-
Sahara
-
Children in Need
-
TLC
-
NHS Trafford CCG
-
Oglesby Charitable Trust
396,019
Fees and other income
Rent & Service Charges Rec'l
644,279
Voids
(70,707)
573,572
969,591		 Community
Services
£
-
56,912
-
-
-
29,166
-
92,725
444,389
38,197
406,088
176,812
-
43,098
98,330
52,400
1,438,117
-
-
-
1,438,117		 Children's
Services
£
-
22,500
-
-
-
30,000
-
-
126,071
-
-
-
43,000
-
-
-
221,571
-
-
-
221,571		 Pankhurst
Activities
£
-
7,000
65,626
44,050
45,000
37,500
16,635
-
24,861
-
-
-
-
-
-
-
240,672
-
-
-
240,672		 Total 2022
£
392,519
89,912
65,626
44,050
45,000
96,666
16,635
92,725
595,321
38,197
406,088
176,812
43,000
43,098
98,330
52,400
2,296,379
644,279
(70,707)
573,572
2,869,951

Restricted income Unrestricted income

2022 £ 1,900,025 969,926 2,869,951

27

The Pankhurst Trust (Incorporating Manchester Women's Aid)

Notes to the accounts for the year ended 31 March 2022 (continued)

6 Income from charitable activities

Previous Reporting Period
Accommodation
£
Housing Related Support
305,057
Small Grants
500
AIM Biiffa History Makers
-
COVID Grants
-
Big Lottery
-
CAF
-
GMCA
-
MHCLG
-
Manchester City Council
-
Big Manchester
-
Iris
-
Sahara
-
Children in Need
-
305,557
Fees and other income
Rent & Service Charges Rec'l
567,752
Voids
(38,075)
529,677
835,234
Restricted income
Unrestricted income		 Community
Services
£
171,418
246,100
-
78,677
56,550
75,513
62,921
99,000
100,000
28,700
406,088
170,651
-
1,495,618
-
-
-
1,495,618		 Children's
Services
£
-
11,000
-
-
-
-
-
-
5,250
-
-
-
21,500
37,750
-
-
-
37,750		 Pankhurst
Activities
£
-
9,374
21,172
28,800
-
-
-
-
-
-
-
-
59,346
-
-
-
59,346		 Total 2021
£
476,475
257,600
9,374
99,849
85,350
75,513
62,921
99,000
105,250
28,700
406,088
170,651
21,500
1,898,271
567,752
(38,075)
529,677
2,427,948
2021
£
1,592,714
835,234
2,427,948

28

The Pankhurst Trust (Incorporating Manchester Women's Aid)

Notes to the accounts for the year ended 31 March 2022 (continued)

7 Analysis of expenditure on charitable activities

Current Reporting Period
Staff costs
Premises
Administration
Project costs
Depreciation
Restricted expenditure
Unrestricted expenditure
Total
Governance costs
(see note 9)
Support costs (see
note 9)		 Accommodation
Refuges
£
420,949
355,241
22,061
10,157
4,841
-
157,001
970,250		 Community
Services
£
900,614
7,553
89,462
122,644
-
-
295,660
1,415,933		 Children
Services
£
159,808
153
12,142
39,837
-
-
60,816
272,756		 Pankhurst
Activities
£
90,818
10,062
11,299
102,742
3,748
-
46,803
265,472		 Central &
Welfare
£
41,592
6
53,293
49,185
450
7,963
-
152,489		 Total 2022
£
1,613,781
373,015
188,257
324,565
9,039
7,963
560,280
3,076,900
2022
£
1,871,691
1,205,209
3,076,900

29

The Pankhurst Trust (Incorporating Manchester Women's Aid)

Notes to the accounts for the year ended 31 March 2022 (continued)

7 Analysis of expenditure on charitable activities

Previous Reporting Period
Staff costs
Premises
Administration
Project costs
Depreciation
Restricted expenditure
Unrestricted expenditure
Governance costs
(see note 9)
Support costs (see
note 9)
Total		 Accommodation
Refuges
£
303,981
360,925
16,823
3,785
9,010
-
126,951
821,475		 Communit
y Services
£
696,829
40,307
106,360
192,042
-
-
234,065
1,269,603		 Children
Services
£
37,084
-
763
4,530
-
-
15,869
58,246		 Pankhurst
Activities
£
45,357
49,318
30,488
1,758
3,209
-
19,839
149,969		 Central &
Welfare
£
93,623
309
(972)
20,172
7,872
5,881
-
126,885		 Total 2021
£
1,176,874
450,859
153,462
222,287
20,091
5,881
396,724
2,426,178
2021
£
1,299,757
1,126,421
2,426,178

30

The Pankhurst Trust (Incorporating Manchester Women's Aid)

Notes to the accounts for the year ended 31 March 2022 (continued)

8 Cost of raising funds

Cost of raising funds
Cost of good sold 2022
£
2,246
2,246		 2021
£
200
200

All expenditure on cost of raising funds is unrestricted.

9 Analysis of governance and support costs

Current reporting period
Basis of
apportionment
Staff costs
Time spent
Office costs
Floor area
Audit fees
Accountancy services
Previous reporting period
Basis of
apportionment
Staff costs
Time spent
Office costs
Floor area
Audit fees
Accountancy services		 Support
£
443,586
116,694
-
-
560,280
Support
£
285,888
110,836
-
-
396,724		 Governance
£
-
-
5,280
2,683
7,963
Governance
£
-
-
3,600
2,281
5,881		 Total 2022
£
443,586
116,694
5,280
2,683
568,243
Total 2021
£
285,888
110,836
3,600
2,281
402,605

31

The Pankhurst Trust (Incorporating Manchester Women's Aid)

Notes to the accounts for the year ended 31 March 2022 (continued)

10 Net income/(expenditure) for the year

This is stated after charging/(crediting):

This is stated after charging/(crediting): 2022 2021
£ £
Depreciation 9,039 20,091
Operating lease rentals:
Equipment 1,726 4,836
Auditor's remuneration - audit fees 4,000 3,000
Auditor's remuneration - accountancy fees 2,000 1,650

11 Staff costs

Staff costs during the year were as follows:

Wages and salaries
Social security costs
Pension costs
Staff recruitment, travel, training, agency staff &
supervision,		 2022
£
1,602,952
134,033
39,410
1,776,395
275,630
2,052,025		 2021
£
1,069,850
91,731
26,082
1,187,663
275,099
1,462,762

No employees has employee benefits in excess of £60,000 (2021: Nil).

The average number of staff employed during the period was 74 (2021: 50). The average full time equivalent number of staff employed during the period was 66 (2021: 40).

The key management personnel of the charity comprise the trustees, the Chief Executive Officer, Business Manager and Director of Operational Services. The total employee benefits of the key management personnel of the charity were £167,995 (2021: £143,019).

12 Trustee remuneration and expenses, and related party transactions

Neither the management committee nor any persons connected with them received any remuneration or reimbursed expenses during the year (2021: Nil). No members of the management committee received travel and subsistence expenses during the year (2021:£Nil).

There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.

No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity, including guarantees, during the year (2021: nil).

32

The Pankhurst Trust (Incorporating Manchester Women's Aid)

Notes to the accounts for the year ended 31 March 2022 (continued)

Government grants

The government grants recognised in the accounts were as follows:

Job Retention Scheme
MHCLG
GMCA		 2022
£
6,323
-
96,666
102,989		 2021
£
25,471
99,000
62,921
187,392

The were no unfulfilled conditions and contingencies attached to the grants.

13 Corporation tax

The charity is exempt from tax on income and gains falling within Chapter 3 of Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.

14 Fixed assets: tangible assets

Cost
Additions
Disposals
Depreciation
Charge for the year
Disposals
Net book value
At 1 April 2021
At 31 March 2022
At 1 April 2021
At 31 March 2021
At 31 March 2022
At 31 March 2022		 Play
equipment
36,765
-
-
36,765
36,765
-
-
36,765
-
-		 Fixtures &
fittings
£
90,324
-
-
90,324
78,721
4,841
-
83,562
6,762
11,603		 Office
Leasehold
equipment
improvements
£
£
116,270
361,257
-
46,318
-
-
116,270
407,575
115,373
81,026
450
3,748
-
-
115,823
84,774
447
322,801
897
280,231		 £
567,851
46,318
-
Total
614,169
275,120
9,039
-
284,159
330,010
292,731

33

The Pankhurst Trust (Incorporating Manchester Women's Aid)

Notes to the accounts for the year ended 31 March 2022 (continued)

15 Debtors

Rent debtors
Grant debtors
Other debtors
Prepayments and accrued income
16
Cash at bank and in hand
Cash at bank and on hand
17
Current asset investments
18
Creditors: amounts falling due within
Trade creditors
Other creditors and accruals
Deferred income
Taxation and social security costs
Rent in advance
19
Deferred income
Grant income
Deferred grant carried forward
CAF Bank 12 month fixed deposit		 one year
As at 1
April 2021
£
51,150
51,150		 2022
£
24,295
9,000
744
310,591
344,630
2022
£
490,090
490,090
2022
£
205,444
205,444
2022
£
68,255
27,251
70,286
8,444
2,765
177,001
Grant
received
£
70,286
70,286		 2021
£
30,250
-
514
88,275
119,039
2021
£
840,702
840,702
2021
£
205,444
205,444
2021
£
112,748
36,384
51,150
4,804
3,111
208,197
Released in
year
£
(51,150)
(51,150)		 As at 31
March 2022
£
70,286
70,286

Deferred grants relate to grants received in advance for future project delivery.

34

The Pankhurst Trust (Incorporating Manchester Women's Aid)

Notes to the accounts for the year ended 31 March 2022 (continued)

20 Analysis of movements in restricted funds

Balance at 1
April 2021
£
Community Services
IRIS
35,000
Big Manchester
-
(18,117)
18,380
MIDASS
53,735
Drive
1,900
Sahara
(17,217)
Big Lottery
29,693
ADViSE
-
Oglesby
22,000
ESF
420
GMCA
12,901
MoJ
-
Reach
-
Respite Rooms
-
Priority Move On project
-
GMCVO
-
138,695
Children Services
-
2,305
MoJ
-
-
17,628
19,933
Central & Welfare
Donations
25,499
Specific Grant
367
Wavemaker
5,000
30,866
Pankhurst Activities
18,528
34,981
-
-
24,348
368
Reclaim
-
-
-
78,225
Total
267,719
Pankhurst
Restoration
Coaching
OakLodge
Labyrinth
W&G Panel
Big Lottery
AIM Biiffa History
Makers
Key Fund
1st 1000 Days
Current reporting
period
Manchester City
Council
Be Active
Some Women
Housing Related
Support
Children in Need		 Income
£
406,088
38,197
92,731
174,746
50,000
43,098
176,812
-
98,330
52,400
-
-
29,166
250,337
11,500
7,800
6,912
1,438,117
20,250
43,000
30,000
20,000
108,321
221,571
31,526
-
-
31,526
-
-
44,050
65,626
-
-
16,635
45,000
37,500
208,811
1,900,025		 Expenditure
£
(378,107)
(47,456)
(107,013)
(193,203)
(30,213)
(39,230)
(186,307)
(29,693)
(80,562)
(29,795)
(420)
(12,901)
(31,619)
(229,506)
(9,010)
(3,986)
(6,912)
(1,415,933)
(37,262)
(81,711)
(16,606)
(17,234)
(90,148)
(242,961)
(31,047)
-
-
(31,047)
-
-
(22,628)
(65,626)
(24,348)
-
(18,697)
(34,885)
(15,566)
(181,750)
(1,871,691)		 Transfers
£
(6,125)
9,259
32,399
-
(73,522)
-
-
-
-
-
-
-
-
-
-
-
-
(37,989)
17,012
-
-
-
(35,801)
(18,789)
(15,861)
(367)
-
(16,228)
(18,528)
3,234
-
-
-
-
-
-
-
(15,294)
(88,300)		 Balance at 31
March 2022
£
56,856
-
-
(77)
-
5,768
(26,712)
-
17,768
44,605
-
-
(2,453)
20,831
2,490
3,814
-
122,890
-
(36,406)
13,394
2,766
-
(20,246)
10,117
-
5,000
15,117
-
38,215
21,422
-
-
368
(2,062)
10,115
21,934
89,992
207,753

35

The Pankhurst Trust (Incorporating Manchester Women's Aid)

Notes to the accounts for the year ended 31 March 2022 (continued)

Balance at
1 April
2020
IRIS
10,000
Big Manchester
-
Be Active Manchester
501
Housing Related Supp
-
MIDASS
22,451
Drive
-
Sahara
(6,125)
1st 1000 Days
-
Big Lottery
-
CAF
-
Oglesby
-
ESF
-
GMCA
-
26,827
Children Services
-
Children in Need
-
-
Central & Welfare
Donations
9,271
Specific Grant
Wavemaker
9,271
Pankhurst Activities
Some Women
18,528
34,981
Big Lottery
-
-
Key Fund
24,348
Coaching
607
78,464
Total
114,562
AIM Biiffa History
Makers
Previous reporting
period
Pankhurst
Restoration
Manchester City
Council		 Income
407,609
28,700
137,323
178,818
107,000
1,900
170,651
100,000
56,550
75,513
22,000
420
62,921
1,349,405
15,250
22,500
37,750
16,228
16,286
5,000
37,514
-
-
28,800
9,374
-
-
38,174
1,462,843		 Expenditure
(342,514)
(46,565)
(155,941)
(160,438)
(75,716)
-
(181,743)
(82,372)
(26,857)
(75,513)
-
-
(50,020)
(1,197,679)
(27,551)
(20,195)
(47,746)
-
(15,919)
-
(15,919)
-
-
(28,800)
(9,374)
-
(239)
(38,413)
(1,299,757)		 Transfers
(40,095)
17,865
-
-
-
-
-
-
-
-
-
-
-
(22,230)
12,301
-
12,301
-
-
-
-
-
-
-
-
-
(9,929)		 As at 31
March 2021
35,000
-
(18,117)
18,380
53,735
1,900
(17,217)
17,628
29,693
-
22,000
420
12,901
156,323
-
2,305
2,305
25,499
367
5,000
30,866
18,528
34,981
-
-
24,348
368
78,225
267,719

Name of restricted fund

Community Services:

Children's Services: Central & Welfare: Pankhurst Activities:

Description, nature and purposes of the fund

grants largely from various funders for outreach work. Transfers are to cover overspends on the Community Services activities

funded by Manchester City Council Play Fund to support work with children.

grants and donations for service users and their families.

fundraising and donations to support Pankhurst Centre development and drop-in activity

36

The Pankhurst Trust (Incorporating Manchester Women's Aid)

Notes to the accounts for the year ended 31 March 2022 (continued)

21 Analysis of movement in unrestricted funds

Current reporting Balance at As at 31
period 1 April 2021 Income Expenditure Transfers March 2022
£ £ £ £ £
General fund 543,117 1,121,683 (1,203,707) 251,828 712,921
Designated fund -
Staffing
commitments 38,528 - - (38,528) -
Museum programme
and improvements 10,000 - - (10,000) -
Consultancy - - - - -
Public relations
support - - - -
Dispersed property
set ups 40,000 - - (40,000) -
Research and
development - - - - -
Refuge outdoor area
improvements 25,000 - - (25,000) -
Office move costs 50,000 - - (50,000) -
Pankurst centre lease 280,231 - (3,748) - 276,483
986,876 1,121,683 (1,207,455) 88,300 989,404
Previous reporting Balance at
period 1 April As at 31
2020 Income Expenditure Transfers March 2021
£ £ £ £ £
General fund 459,838 1,111,361 (1,123,412) 95,330 543,117
Designated fund -
Staffing
commitments 92,479 - - (53,951) 38,528
Museum programme
and improvements 14,700 - - (4,700) 10,000
Consultancy 15,000 - - (15,000) -
Public relations
support 6,750 - (6,750) -
Dispersed property
set ups 40,000 - - - 40,000
Research and
development 5,000 - - (5,000) -
Refuge outdoor area
improvements 25,000 - - - 25,000
Office move costs 50,000 - - - 50,000
Pankurst centre lease 283,440 - (3,209) - 280,231
992,207 1,111,361 (1,126,621) 9,929 986,876

37

The Pankhurst Trust (Incorporating Manchester Women's Aid)

Notes to the accounts for the year ended 31 March 2022 (continued)

Analysis of movement in unrestricted funds continued

Name of unrestricted fund

Description, nature and purposes of the fund

General fund The free reserves after allowing for all designated funds Staffing commitments Fund set aside for Heritage Lottery Fund Application Capital repairs Fund set aside to cover repairs to the Pankhurst Centre Match funding Match funding for BAMER Lottery-funded project Pankurst centre lease Net book value of leasehold improvement

22 Analysis of net assets between funds

Current reporting period
Tangible fixed assets
Net current assets/(liabilities)
Total
Previous reporting period
Tangible fixed assets
Net current assets/(liabilities)
Total		 General
fund
£
330,010
382,911
712,921
General
fund
£
292,731
654,145
946,876		 Designated
funds
£
-
276,483
276,483
Designated
funds
£
-
40,000
443,759		 Restricted
funds
£
-
207,753
207,753
Restricted
funds
£
-
267,719
267,719		 Total
£
330,010
867,147
1,197,157
Total
£
292,731
961,864
1,254,595

38

The Pankhurst Trust (Incorporating Manchester Women's Aid)

Notes to the accounts for the year ended 31 March 2022 (continued)

23 Operating lease commitments

The charity's total future minimum lease payments under non-cancellable operating leases is as

Less than one year
One to five years		 2022
2021
£
£
1,726
1,726
3,021
4,748
4,747
6,474
Equipment		 2022
2021
£
£
1,726
1,726
3,021
4,748
4,747
6,474
Equipment
6,474

24 Reconciliation of net movement in funds to net cash flow from operating activities

Net income/(expenditure) for the year
Adjustments for:
Depreciation charge
Dividends, interest and rents from investments
Decrease/(increase) in stock
Decrease/(increase) in debtors
Increase/(decrease) in creditors
Net cash provided by/(used in) operating		 2022
£
(57,438)
9,039
(5,056)
892
(225,591)
(31,196)
(309,350)		 2021
£
147,826
20,091
(2,947)
200
40,451
85,103
290,724

39