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2023-03-31-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 2023

The Pankhurst Trust (Incorporating Manchester Women’s Aid)

Reference and administrative information

for the year ended 31[st] March 2023

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:

Caroline Roberts-Cherry Chair
Sally Hobbs Vice-Chair (to February 2023)
Sara Radcliffe Vice-Chair (from February 2023)
Janet Pickering Secretary
Emma Wallace Treasurer (resigned August 2023)
Saira Ali Resigned 28thJune 2023
Liz Jones Resigned 2ndNovember 2022
Saleema Kauser
Yvonne Lauder Resigned 2ndNovember 2022
Melanie Sharples
Mary Watson
Alison Sinderson Resigned November 2022
Kathy Cowell Appointed 24thAugust 2022/
Resigned 22ndFebruary 2023
Joanne Peters Treasurer appointed October 2023
Gill Heaton Appointed October 2023
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
1stFloor Sale Point, 126-150 Washway Road, Sale, Cheshire, M33 6AG
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 2023

The trustees present their report and the audited financial statements for the year ended 31 March 2023. 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.

During this year we have built on projects that enable us to move further forward with our equalities ambition. We continue, alongside GM4Women2028, to facilitate the Greater Manchester Combined Authority Women and Girls Equality Panel, challenging political and system leaders to tackle prejudice and discrimination against women and girls; our partnership with RECLAIM on the Full-time Fierce project has seen inspiring young women create award-winning campaigns and become a community of passionate working-class leaders and activists; we worked with other VCSE organisations in Manchester to support Afghan women refugees transition to their new life in the UK. We also saw the completion of the Labyrinth Project in September 2022 which saw us contribute to the development of a stronger, well connected, inclusive women’s sector nationally. A combined income of £136,388 from these projects enabled us to cement our position as a leading contributor to equality in Manchester.

The Pankhurst Museum and Centre has gone from strength to strength after re-opening in July 2022 on Thursdays and Sundays and offering group and school visits on Fridays. Visitors are often moved by the experience, one said “a powerful and inspiring space where you can both feel the deeply important

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The Pankhurst Trust (Incorporating Manchester Women’s Aid)

Trustees’ annual report

for the year ended 31[st] March 2023

history and feel motivated to get involved today. Very moving.” The café and garden are popular both with museum visitors and hospital visitors and patients and during 2022-23 there were over 3,000 visitors. Despite this popularity, funding remains a significant problem for the centre and we rely heavily on volunteers and donations to deliver the experience.

Our domestic abuse services continue to provide essential life-saving support to all who need it and demand for our services rose by 18% compared to 2021-22. As we move towards our 50[th] anniversary of the first refuge being opened in Manchester, we continue to adapt to meet need. For example, during 2021-22 we acquired 6 dispersed properties to increase the number of bedspaces available, then identified a need to better support migrant women and so in 2022-23 committed one of these properties to convert to 3 bedsits for those with no recourse to public funds. Outreach services saw a rise in income of 34% as we started new projects, including one to tackle stalking, and we are delighted that our MiDASS service, delivering training and a referral pathway in midwifery departments, has been extended for 2 years and now includes St Mary’s Hospital.

Our Children and Young People services provide therapeutic intervention work on both 1:1 and groupwork basis and focus on helping children to recover from the trauma of living in a household where domestic abuse was active. This project also delivered play sessions over 30 weeks to 310 Afghan children living in hotel accommodation.

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 2022-23 our 169 active volunteers provided over 2,500 hours of support in the following ways:

Achievements and performance

We entered Year 4 of our 5-year Business Plan with optimism and rightly so. Whilst the world continued to recover from the Covid pandemic, we saw growth of 19% which, in addition to the 17% growth the year before, means that income for 2022-23 was 39% higher (£1m) than in 2020-21. This has enabled us to deliver more in all 4 core aims of our business:

PREVENT

The Pankhurst Centre enjoyed its first full year of openings, including Sundays, since the pandemic and we were delighted to welcome c.3,501 visitors, 73 of which were as part of a group and 72 came to special events. Our volunteers gave 880 hours to ensure a fabulous visitor experience. We successfully launched a schools programme starting in September 2022 and enjoyed 9 visits with 251 attendees. Income from shop sales rose by 33%.

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The Pankhurst Trust (Incorporating Manchester Women’s Aid)

Trustees’ annual report

for the year ended 31[st] March 2023

Donations dropped by £37k (27%) but we have invested in our fundraising team and hope to see this reap the rewards in 2023-24, supported by our investment in a Communications and Marketing post, generously funded for 3 years by The Bakers Foundation. We also undertook a review of our funding allocation to ensure that we are maximising our access to unrestricted funds.

We ran some financial awareness workshops for staff to support them through the cost-of-living crisis and have developed our objective to increase financial awareness and resilience amongst our service users by investing in specialist workers and obtaining grants. Our workers supported benefit applications and ensured maximum rental income was achieved, keeping women in the best possible position for securing and maintaining their own tenancy.

PROVIDE

Our provision of safe accommodation continues to rise and we are delighted to have maintained funding from Manchester City Council for the Reach project which provides homeless women with accommodation and domestic abuse support. This will be expanded in 2023-24 and work is underway currently to source the properties.

Our services continue to work with the whole family where appropriate and we have maintained funding for our Big Manchester partnership with Barnardo’s in the North and South of the city. All frontline staff are trained in the use of the Respect Toolkit, supporting male victims and signposting perpetrators to appropriate services.

Our partnership project, Safe in Salford, began in April 2022. We will work alongside Salford Foundation, Trafford Domestic Abuse and specifically deliver the IRIS project across Salford GP practices.

Our first Working Together Conference took place in November 2022 and we were delighted that so many service users, trustees and stakeholders were there. The event was well received and our stakeholders went away with plenty to keep them busy!

PARTNER

We continue to partner with organisations that support health and wellbeing and have been successful in securing £90,600 worth of grants for such things as IT equipment, school necessities, carpets and other furnishings for new homes. Funding from the New Burdens fund also enabled us to move women from refuge into their own tenancies and provide essential items such as white goods and furnishings. Our partnership with Manchester University NHS Foundation Trust (MFT) is moving forward with their offer to support us with maintenance. This is still in negotiations but we hope to confirm the scope of these works early 2023-24.

We are in negotiations with Manchester City Council and housing providers to access more safe and affordable housing for survivors.

PROSPER

We undertook the Hera Project, a full review of our structure, job descriptions, salaries and benefits, during the year knowing that we would need to invest more in our staff to improve retention and become the employer of choice. We increased pay, pension, annual leave, sickness, shared parental pay, wellbeing activity and introduced volunteer leave, hybrid working, and an employee loan scheme, all of which have been implemented in 2023-24.

We were delighted to see the conclusion of our RISE project. This investment in training our own domestic abuse workers from scratch resulted in 7 graduates moving into full-time domestic abuse roles and we wish them well. This scheme has also enabled us to understand our internal training needs and we are working on improving these in 2023-24. We are also involved in a working group to develop a Domestic Abuse Apprenticeship standard which we hope will go live in 2023-24.

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The Pankhurst Trust (Incorporating Manchester Women’s Aid)

Trustees’ annual report

for the year ended 31[st] March 2023

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 1,872 in 2021-22 to 2,053 in 2022-23, a rise of 10%. The chart below highlights a range of selected demographics. This shows that the age range of service users has changed slightly with those over 50 dropping from 11.8% to 10% and those under 40 rising from 64% to 66.7%. 3% more came from non-white ethnic backgrounds in 2022-23, 2.5% more were working or in training, and 4% more declared a mental or physical condition with 2% more having more than one condition.

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Client Demographics
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80.00%
70.00%
60.00%
50.00%
40.00%
30.00%
20.00%
10.00%
0.00%
2021-22 2022-23
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Our feedback from domestic abuse survivors told us that:

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The Pankhurst Trust (Incorporating Manchester Women’s Aid)

Trustees’ annual report

for the year ended 31[st] March 2023

The Pankhurst Centre museum welcomed 3,501 visitors during 2022-23. 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 as our schools programme and holiday activities have proved very popular and account for just over 10% of the total.

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

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 put intense pressure on budget control and getting back on track was given priority by the Board, via the Audit committee, during the year. There was an expectation that, during 2022-23, the outturn would be a call on reserves of c. £340k but, by negotiating rental income and controlling recruitment, we were able to end the year with a surplus of £66,580.

We were delighted to attract funds for new activities including ISVA funding of £306k over a 3-year period from the MoJ. We also joined forces with 3 x partners and were successful in securing the domestic abuse services in Salford of which we will deliver the IRIS project. This is guaranteed income of £136,147 for the next 5 years.

We were saddened to lose our Playfund service as funding drastically reduced and covered no staffing costs. Our other children’s workers ensure that play is incorporated into the work that they do and that group as well as 1:1 sessions are delivered. Funding for children’s services comes from charitable trusts and, in 2022-23, saw a fall of 23% to £171,367.

We continue to seek continuation funding for our highly successful Sahara project for BAME women after funding came to an end in May 2022. The loss of this project has been a considerable setback, but we are confident that we can re-evaluate and seek funding to cover each of the elements of the project rather than one funder for all. Groupwork, which this project funded, is one of the most highly effective interventions and we have committed to continuing this at our own cost until alternative funding can be found.

Reserves policy

The charity intends to protect the stability of the organization by providing a minimum “free” reserve in unrestricted funds which provides an internal source of funds for emergency situations and enable cashflow when high value income is paid in arrears.

The Senior Leadership team informs the full Board during the approval of budgets process if and when the use of the reserves is likely and an amount is then authorised for use during the relevant financial year if it is required. This is also reviewed on an ongoing basis at the Audit Committee as

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The Pankhurst Trust (Incorporating Manchester Women’s Aid)

Trustees’ annual report

for the year ended 31[st] March 2023

part of the reporting of budgets and accounts to this committee.

The trustees have agreed that the minimum “free” reserves target should be calculated as follows:

As at the date of these accounts the minimum free reserves requirement is calculated to total £255,115.

The level of reserves at 31[st] March 2023 is £1,263,737 (2022: £1,197,157). This includes the Pankhurst Centre lease of £319,053 (2022: £322,801) and restricted reserves of £330,790 (2022: £207,753). The free reserve level is therefore £613,894.

From these free reserves trustees have agreed to designate the following for spend in 2023-24:

Pankhurst Centre operating and maintenance £136,000 Staffing costs not funded elsewhere £54,000 Migrant Women’s project £30,000 Policy consultation £15,000

A comparison of our minimum free reserves requirement (£255,115) with the level of free reserves held at the date of these accounts (£613,894) leads the trustees to be satisfied that the level of free reserves is both adequate and appropriate for the charity.

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 – to change the way in which gender inequality and violence against women and girls is regarded, understood, and interpreted

Provide – to expand the reach and impact of our holistic, whole family, strengths-based domestic abuse model

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The Pankhurst Trust (Incorporating Manchester Women’s Aid)

Trustees’ annual report

for the year ended 31[st] March 2023

Partner – to build strong and enduring partnerships to deliver high quality services

Prosper – by investing in the power and potential of our heritage seekers, service users, staff and volunteers to achieve change

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 2023 was 10 (2022:13).

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 2022-23 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.

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The Pankhurst Trust (Incorporating Manchester Women’s Aid)

Trustees’ annual report

for the year ended 31[st] March 2023

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 2023, 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 Finance Manager Ruth Rigby HR Manager Lucy Shanahan (started 1st March 2023)

The organisational Scheme of Delegation, reviewed annually, sets out the responsibilities of the Board and CEO/SMT which, at 31[st] March 2023, was as per the table below:

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.

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The Pankhurst Trust (Incorporating Manchester Women’s Aid)

Trustees’ annual report

for the year ended 31[st] March 2023

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:

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 2023. As of 1[st] April 2023 this will increase to 5.1%

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The Pankhurst Trust (Incorporating Manchester Women’s Aid)

Trustees’ annual report

for the year ended 31[st] March 2023

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.

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 2023

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 2023

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 ___ and signed on their behalf by

Caroline Roberts-Cherry

Chair of the Board of Trustees

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Independent auditors’ report

to the members of

The Pankhurst Trust (Incorporating Manchester Women’s Aid)

Opinion

We have audited the financial statements of The Pankhurst Trust (Incorporating Manchester Women’s Aid) (the ‘charitable company’) for the year ended 31 March 2023, 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

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Independent auditors’ report

to the members of

The Pankhurst Trust (Incorporating Manchester Women’s Aid)

statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether 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 12, 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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Independent auditors’ report

to the members of

The Pankhurst Trust (Incorporating Manchester Women’s Aid)

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.

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Independent auditors’ report

to the members of

The Pankhurst Trust (Incorporating Manchester Women’s Aid)

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: 22 December 2023

17

The Pankhurst Trust (Incorporating Manchester Women's Aid)

Statement of Financial Activities

(including Income and Expenditure account) for the year ended 31 March 2023

Unrestricted
funds
Note
£
Income from:
Donations and legacies
3
56,104
Charitable activities:
6
Accommodation
1,133,244
Community Services
-
Children's Services
-
Pankhurst Activities
22,724
Central Services
4
51,111
Investments
5
424
Total income
1,263,607
Expenditure on:
Raising funds
8
6,152
Charitable activities:
7
Accommodation
1,084,239
Community Services
-
Children's Services
-
Central & Welfare
213,857
Pankhurst Activities
154,982
Total expenditure
1,459,230
(195,623)
10
(195,623)
Transfer between funds
139,166
Net movement in funds for the year
(56,457)
Reconciliation of funds
Total funds brought forward
989,404
Total funds carried forward
932,947
Other trading activities
Net income/(expenditure) before
net gains/(losses) on investments
Net income/(expenditure) for the
year		 Restricted
funds
£
36,520
-
1,933,009
171,367
180,757
-
-
2,321,653
-
-
1,659,346
185,726
24,962
189,416
2,059,450
262,203
262,203
(139,166)
123,037
207,753
330,790		 Total funds
2023
£
92,624
1,133,244
1,933,009
171,367
203,481
51,111
424
3,585,260
6,152
1,084,239
1,659,346
185,726
238,819
344,398
3,518,680
66,580
66,580
-
66,580
1,197,157
1,263,737		 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

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 2023

Note
£
£
Fixed assets
Tangible assets
15
320,974
Total fixed assets
320,974
Current assets
Stock
4,571
Debtors
16
179,311
Investments
18
-
Cash at bank and in hand
17
898,825
Total current assets
1,082,707
Liabilities
Creditors: amounts falling
due in less than one year
19
(139,944)
Net current assets
942,763
Total assets less current liabilities
1,263,737
Net assets
1,263,737
The funds of the charity:
Restricted income funds
21
330,790
Unrestricted income funds
22
932,947
Total charity funds
1,263,737
2023		 £
£
330,010
330,010
3,984
344,630
205,444
490,090
1,044,148
(177,001)
867,147
1,197,157
1,197,157
207,753
989,404
1,197,157
2022		 £
£
330,010
330,010
3,984
344,630
205,444
490,090
1,044,148
(177,001)
867,147
1,197,157
1,197,157
207,753
989,404
1,197,157
2022
330,010
867,147
1,197,157
1,197,157
207,753
989,404
1,197,157

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 //2023 and signed on their behalf by:

Caroline Roberts-Cherry (Chair)

Joanne Peters (Treasurer)

19

The Pankhurst Trust (Incorporating Manchester Women's Aid)

Statement of Cash Flows

for the year ending 31 March 2023

Note
2023
£
Cash provided by/(used in) operating activities
24
202,867
Cash flows from investing activities:
Dividends, interest, and rents from investments
424
Purchase of tangible fixed assets
-
Cash provided by/(used in) investing activities
424
203,291
Cash and cash equivalents at the beginning of the year
695,534
Cash and cash equivalents at the end of the year
898,825
Reconciliation of cash equivalents to items in the Balance sheet
2023
£
Investments
-
Cash at bank and in hand
898,825
898,825
Increase/(decrease) in cash and cash
equivalents in the year		 2022
£
(309,350)
5,056
(46,318)
(41,262)
(350,612)
1,046,146
695,534
2022
£
205,444
490,090
695,534

20

The Pankhurst Trust (Incorporating Manchester Women's Aid)

Notes to the accounts for the year ended 31 March 2023

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 2023 (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 2023 (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 2023 (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 2023 (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
Miscellaneous income
Total		 Unrestricted
£
20,191
33,620
-
2,293
56,104
Unrestricted
£
74,599
6,323
15,023
95,945		 Restricted
£
-
36,520
-
-
36,520
Restricted
£
31,526
-
-
31,526		 Total 2023
£
20,191
70,140
-
2,293
92,624
Total 2022
£
106,125
6,323
15,023
127,471

25

The Pankhurst Trust (Incorporating Manchester Women's Aid)

Notes to the accounts for the year ended 31 March 2023 (continued)

4 Income from other trading activities

Income from other trading activities
Room hire and training
Sales and other income
Miscellaneous income		 2023
£
8,750
14,632
27,729
51,111		 2022
£
10,630
8,600
19,230

All income from other trading activities is unrestricted.

5
Investment income
Current reporting period
Income from bank deposits		 Unrestricted
£
424
424		 Restricted
£
-
-		 2023
£
424
424

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
£
5,056
5,056		 Restricted
£
-		 2022
£
5,056
5,056

26

The Pankhurst Trust (Incorporating Manchester Women's Aid)

Notes to the accounts for the year ended 31 March 2023 (continued)

6 Income from charitable activities

Current Reporting Period
Accommodation
£
Housing Related Support
479,981
Small Grants
23,000
AIM Biiffa History Makers
-
Big Lottery
-
Solace
-
GMCA
-
Reclaim
-
Salford Foundation
-
Manchester City Council
-
Big Manchester
-
Iris
-
Sahara
-
Children in Need
-
TLC
-
NHS Trafford CCG
-
Oglesby Charitable Trust
502,981
Fees and other income
Rent & Service Charges Rec'l
682,814
Voids
(52,551)
630,263
1,133,244		 Community
Services
£
-
-
-
-
-
211,099
-
136,147
863,853
71,392
403,042
33,792
-
35,998
125,286
52,400
1,933,009
-
-
-
1,933,009		 Children's
Services
£
-
37,500
-
-
-
31,000
-
-
102,867
-
-
-
-
-
-
-
171,367
-
-
-
171,367		 Pankhurst
Activities
£
-
22,350
-
44,028
22,500
50,000
32,610
-
8,928
-
-
-
-
-
-
-
180,416
-
-
-
180,416		 Central &
Welfare
-
23,065
-
-
-
-
-
-
-
-
-
-
-
-
-
-
23,065
-
-
-
23,065		 Total 2023
£
479,981
105,915
-
44,028
22,500
292,099
32,610
136,147
975,648
71,392
403,042
33,792
-
35,998
125,286
52,400
2,810,838
682,814
(52,551)
630,263
3,441,101

Restricted income Unrestricted income

2023 £ 2,321,653 1,119,448 3,441,101

27

The Pankhurst Trust (Incorporating Manchester Women's Aid)

Notes to the accounts for the year ended 31 March 2023 (continued)

6 Income from charitable activities

Previous 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 £ 1,900,360 969,591 2,869,951

28

The Pankhurst Trust (Incorporating Manchester Women's Aid)

Notes to the accounts for the year ended 31 March 2023 (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
£
483,816
359,865
30,826
24,020
4,841
-
180,871
1,084,239		 Community
Services
£
1,063,398
14,506
69,874
147,934
-
-
363,634
1,659,346		 Children
Services
£
130,102
98
6,240
28,153
-
-
21,133
185,726		 Pankhurst
Activities
£
139,740
34,187
54,012
56,800
3,748
-
55,911
344,398		 Central &
Welfare
£
139,189
8,096
42,148
38,870
447
10,069
-
238,819		 Total 2023
£
1,956,245
416,752
203,100
295,777
9,036
10,069
621,549
3,512,528
2023
£
2,059,450
1,453,078
3,512,528

29

The Pankhurst Trust (Incorporating Manchester Women's Aid)

Notes to the accounts for the year ended 31 March 2023 (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
£
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

30

The Pankhurst Trust (Incorporating Manchester Women's Aid)

Notes to the accounts for the year ended 31 March 2023 (continued)

8 Cost of raising funds

Cost of raising funds
Cost of good sold 2023
£
6,152
6,152		 2022
£
2,246
2,246

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
177,963
-
-
621,549
Support
£
443,586
116,694
-
-
560,280		 Governance
£
-
-
5,280
2,683
7,963
Governance
£
-
-
5,280
2,683
7,963		 Total 2023
£
443,586
177,963
5,280
2,683
629,512
Total 2022
£
443,586
116,694
5,280
2,683
568,243

31

The Pankhurst Trust (Incorporating Manchester Women's Aid)

Notes to the accounts for the year ended 31 March 2023 (continued)

10 Net income/(expenditure) for the year

This is stated after charging/(crediting):

This is stated after charging/(crediting): 2023 2022
£ £
Depreciation 9,036 9,039
Operating lease rentals:
Equipment 1,726 1,726
Auditor's remuneration - audit fees 4,300 4,000
Auditor's remuneration - accountancy fees 2,300 2,000

11 Staff costs

Staff costs during the year were as follows:

Wages and salaries
Social security costs
Pension costs
Redundancy
Staff recruitment, travel, training, agency staff &
supervision,		 2023
£
2,029,980
185,507
49,035
2,376
2,264,522
173,394
2,437,916		 2022
£
1,602,952
134,033
39,410
-
1,776,395
275,630
2,052,025

One employees has employee benefits in excess of £60,000 (2022: Nil).

The average number of staff employed during the period was 86 (2022: 74). The average full time equivalent number of staff employed during the period was 77 (2022: 66).

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 £169,451 (2022: £167,995).

12 Trustee remuneration and expenses, and related party transactions

The CEO's spouse was employed on a short-term contract starting February 2023 to provide business support and deliver a research project. Due process was followed in securing her services. Her work was managed by a third party. Her gross earning in the financial year were £1,732.87 (2022: Nil).

No members of the management committee received travel and subsistence expenses during the year (2022:£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 (2022: nil).

32

The Pankhurst Trust (Incorporating Manchester Women's Aid)

Notes to the accounts for the year ended 31 March 2023 (continued)

13 Government grants

The government grants recognised in the accounts were as follows:

Job Retention Scheme
MHCLG
GMCA		 2023
£
-
-
242,099
242,099		 2022
£
6,323
-
96,666
102,989

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

14 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.

15 Fixed assets: tangible assets

Cost
Additions
Disposals
Depreciation
Charge for the year
Disposals
Net book value
At 31 March 2023
At 31 March 2023
At 1 April 2022
At 31 March 2023
At 1 April 2022
At 31 March 2022		 Play
equipment
36,765
-
-
36,765
36,765
-
-
36,765
-
-		 Fixtures &
fittings
£
90,324
-
-
90,324
83,562
4,841
-
88,403
1,921
6,762		 Office
Leasehold
equipment
improvements
£
£
116,270
407,575
-
-
-
-
116,270
407,575
115,823
84,774
447
3,748
-
-
116,270
88,522
-
319,053
447
322,801		 £
614,169
-
-
Total
614,169
284,159
9,036
-
293,195
320,974
330,010

33

The Pankhurst Trust (Incorporating Manchester Women's Aid)

Notes to the accounts for the year ended 31 March 2023 (continued)

16 Debtors

Rent debtors
Grant debtors
Other debtors
Prepayments and accrued income
17
Cash at bank and in hand
Cash at bank and on hand
18
Current asset investments
19
Creditors: amounts falling due within
Trade creditors
Other creditors and accruals
Deferred income
Taxation and social security costs
Rent in advance
20
Deferred income
Grant income
Deferred grant carried forward
CAF Bank 12 month fixed deposit		 one year
As at 1
April 2022
£
70,286
70,286		 2023
£
26,875
-
-
152,436
179,311
2023
£
898,825
898,825
2023
£
-
-
2023
£
63,785
26,942
37,500
8,968
2,749
139,944
Grant
received
£
37,500
37,500		 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
Released in
year
£
(70,286)
(70,286)		 As at 31
March 2023
£
37,500
37,500

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 2023 (continued)

21 Analysis of movements in restricted funds

Balance at 1
April 2022
£
Community Services
IRIS
56,856
Big Manchester
-
(77)
MIDASS
-
Drive
5,768
Sahara
(26,712)
Renew
-
ADViSE
17,768
Oglesby
44,605
Restore
-
MoJ
(2,453)
Reach
20,831
Respite Rooms
2,490
Priority Move On proj
3,814
Safe in Salford
-
122,890
Children Services
-
(36,406)
MoJ
13,394
2,766
-
Mather
-
(20,246)
Central & Welfare
Donations
10,117
Wavemaker
5,000
15,117
Pankhurst Activities
38,215
21,422
368
Reclaim
(2,062)
10,115
21,934
HAR
-
89,992
Total
207,753
Children in Need
Coaching
OakLodge
Labyrinth
W&G Panel
Housing Related
Support
Pankhurst
Restoration
Current reporting
period
Manchester City
Council
Big Lottery
1st 1000 Days		 Income
£
403,042
71,392
171,418
106,856
35,998
33,792
100,000
125,286
52,400
70,000
41,099
500,579
35,000
50,000
136,147
1,933,009
46,200
-
31,000
40,000
16,667
37,500
171,367
36,520
-
36,520
-
35,240
9,129
32,610
22,500
50,500
30,778
180,757
2,321,653		 Expenditure
£
(353,608)
(72,226)
(197,341)
(14,935)
(47,453)
(20,841)
(24,523)
(168,923)
(51,922)
(23,488)
(44,592)
(451,006)
(34,519)
(29,965)
(124,004)
(1,659,346)
(48,481)
(378)
(39,102)
(38,713)
(15,173)
(43,879)
(185,726)
(24,962)
-
(24,962)
-
(46,271)
-
(37,827)
(27,860)
(50,799)
(26,659)
(189,416)
(2,059,450)		 Transfers
£
(93,014)
834
26,000
(91,921)
5,687
27,501
-
25,869
(22,000)
-
-
(70,404)
-
(3,814)
-
(195,262)
24,818
36,784
-
-
(1,494)
6,379
66,487
-
-
-
-
(10,391)
-
-
-
-
-
(10,391)
(139,166)		 Balance at 31
March 2023
£
13,276
-
-
-
-
13,740
75,477
-
23,083
46,512
(5,946)
-
2,971
20,035
12,143
201,291
22,537
-
5,292
4,053
-
-
31,882
21,675
5,000
26,675
38,215
-
9,497
(7,279)
4,755
21,635
4,119
70,942
330,790

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

35

The Pankhurst Trust (Incorporating Manchester Women's Aid)

Notes to the accounts for the year ended 31 March 2023 (continued)

Balance at
1 April
2021
IRIS
35,000
Big Manchester
-
Be Active Manchester
(18,117)
Housing Related Supp
18,380
MIDASS
53,735
Drive
1,900
Sahara
(17,217)
1st 1000 Days
-
Big Lottery
29,693
ADVISE
Oglesby
22,000
ESF
420
GMCA
12,901
MoJ
-
Reach
-
Respite Rooms
-
Priority Move On proj
-
GMCVO
-
138,695
Children Services
-
Children in Need
2,305
MoJ
Oaklodge
1st 1000 days
17,628
19,933
Central & Welfare
Donations
25,499
Specific Grant
367
Wavemaker
5,000
30,866
Pankhurst Activities
Some Women
18,528
34,981
Big Lottery
-
-
Key Fund
24,348
Coaching
368
Reclaim
-
Labyrinth
-
W&G Panel
-
78,225
Total
267,719
Manchester City
Council
Pankhurst
Restoration
AIM Biiffa History
Makers
Previous reporting
period		 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)		 As 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

36

The Pankhurst Trust (Incorporating Manchester Women's Aid)

Notes to the accounts for the year ended 31 March 2023 (continued)

22 Analysis of movement in unrestricted funds

Current reporting Balance at As at 31
period 1 April 2022 Income Expenditure Transfers March 2023
£ £ £ £ £
General fund 666,603 1,263,607 (1,455,482) 139,166 613,894
Designated fund -
Pankhurst centre lease 322,801 - (3,748) - 319,053
989,404 1,263,607 (1,459,230) 139,166 932,947
Previous reporting Balance at
period 1 April As at 31
2021 Income Expenditure Transfers March 2022
£ £ £ £ £
General fund 543,117 1,121,683 (1,203,707) 205,510 666,603
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) -
Pankhurst centre lease 280,231 - (3,748) 46,318 322,801
986,876 1,121,683 (1,207,455) 88,300 989,404

37

The Pankhurst Trust (Incorporating Manchester Women's Aid)

Notes to the accounts for the year ended 31 March 2023 (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 Pankhurst 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
£
1,921
611,973
613,894
General
fund
£
7,209
659,394
666,603		 Designated
funds
£
319,053
-
319,053
Designated
funds
£
322,801
-
322,801		 Restricted
funds
£
-
330,790
330,790
Restricted
funds
£
-
207,753
207,753		 Total
£
320,974
942,763
1,263,737
Total
£
330,010
867,147
1,197,157

38

The Pankhurst Trust (Incorporating Manchester Women's Aid)

Notes to the accounts for the year ended 31 March 2023 (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		 2023
2022
£
£
1,726
1,726
1,295
3,021
3,021
4,747
Equipment		 2023
2022
£
£
1,726
1,726
1,295
3,021
3,021
4,747
Equipment
4,747

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		 2023
£
66,580
9,036
(424)
(587)
165,319
(37,057)
202,867		 2022
£
(57,438)
9,039
(5,056)
892
(225,591)
(31,196)
(309,350)

39

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
Net income/(expenditure) for the
year
Other trading activities
Net income/(expenditure) before
net gains/(losses) on investments		 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.

40