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← The Pankhurst Trust (Incorporating Manchester Women's Aid)

2024-03-31-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 2024

The Pankhurst Trust (Incorporating Manchester Women’s Aid)

Reference and administrative information

for the year ended 31[st] March 2024

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
Joanne Peters Treasurer (appointed October 2023)
Sara Radcliffe Vice-Chair
Janet Pickering Secretary
Sally Hobbs
Mary Watson
Melanie Sharples
Saleema Kauser
Nicola Booth Appointed October 2023
Emma Richman Appointed October 2023
Gill Cowell Appointed October 2023
Gill Heaton Appointed June 2023
Emma Wallace Resigned August 2023
Saira Ali Resigned June 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 FREETHS
6thFloor, Babirolli Square, Manchester M2 3BD
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 2024

The trustees present their report and the audited financial statements for the year ended 31 March 2024. 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.

In 2023-24, we continued to provide tailored domestic abuse support to 1956 adults and children across Greater Manchester. We provided 32,520 hours of direct support and 14,844 hours of advocacy and liaison with partners on behalf of our clients. After their time in service, 97% of clients felt more confident.

We provided 38 refuge places for single women and families, including reserving three refuge spaces for women with no access to public funds through the Migrant Women’s project; community based services which included our specialist service RESTORE which provides stalking support and REACH which provides support to those living in temporary accommodation; groupwork to embed learning and help with recovery; one to one therapeutic play sessions for children in refuge and the community; and training to healthcare professionals in Manchester and Salford through our IRIS, ROSE, ADViSE and MiDASS services.

Our services expanded to include:

The Pankhurst Trust (Incorporating Manchester Women’s Aid)

Trustees’ annual report

for the year ended 31[st] March 2024

Our training team continued to provide training internally to all our staff on domestic abuse awareness, professional boundaries, safeguarding, case management, assessing risk, adverse childhood experiences and handling difficult conversations. We also joined the Northern Training consortium, led by IDAS who received funding from the Ministry of Justice. Partner organisations include My Sister’s Place, Leeds Women’s Aid, The Halo Project and Wearside Women in Need. Together we will deliver trauma-informed training to ISVAs (Independent Sexual Violence Advocates) and service managers across the North of England. We also continued to provide our ten dialogues programme to boys and young men in schools, challenging social and cultural messages on “how to be a man”.

Our annual Working Together conference is a place where service users, staff, commissioners, agencies and stakeholders came together to discuss issues faced by survivors across Manchester. Their priorities are focussed around the following four themes: justice, work and skills, housing and health.

In December, we announced that we had been accepted onto the Greater Manchester Good Employment Charter. It is a voluntary membership and assessment scheme that aims to raise employment standards across GM, for all organisations of any size, sector or geography. As a member, we are committed to providing work that is secure, flexible, and fairly paid, ensuring our employees are developed, wellmanaged and engaged, with their health and wellbeing a top priority.

In terms of our equalities work, this year we co-chaired the Women’s Homelessness Involvement Group which champions a women’s voice in homelessness. The group launched their first ever campaign ‘Give the Mum a chance’ which had three key asks: a women’s day centre where homeless women could attend with their children, for all professionals working in homelessness to be trained in trauma informed practice particularly for those who have experienced child removal and increase awareness of the gendered differences in homelessness.

We continued to facilitate the GMCA Women and Girls Equality Panel alongside GM4Women 2028. The Panel aims to establish a clear vision for women and girls by using its knowledge, expertise, and networks to understand and address the issues and inequalities affecting their lives.

Our dedicated volunteers gave 3,269 hours across our MWA services, counselling, phone buddy and Pankhurst Museum. 1 in 3 volunteers are bilingual and 1 in 4 volunteers have lived experience of DVA. Our work would not have been possible without our dedicated volunteers giving their time and commitment each week.

Our Pankhurst Museum saw a huge increase in number of visitors in 23-24, with 4733 people visiting the museum, of which 20% were children, across 90 public open days. We also saw a full programme of events including 34 family holiday activities,12 special events and 1 online event. Our Engagement Officer now runs weekly school and university visits on a Friday and has welcomed 603 pupils across 26 visits.

The museum’s priorities over the next 3 to 5 years are sustaining existing services, maintenance and repair of the building and activism as we approach the 2028 centenary anniversary for all women getting the vote in United Kingdom.

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The Pankhurst Trust (Incorporating Manchester Women’s Aid)

Trustees’ annual report

for the year ended 31[st] March 2024

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.

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 2023-24, the outturn would be a call on reserves of around £423k but, by negotiating rental income and controlling recruitment, we were able to end the year with a deficit of £174,243.

Reserves policy

The charity intends to protect the stability of the organisation 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 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 £261,115.

The level of reserves at 31[st] March 2024 is £1,089,494 (2023: £1,263,737). This includes the Pankhurst Centre leasehold improvements of £315,305 (2023: £319,053) and restricted reserves of £403,125 (2023: £330,790). The free reserve level is therefore £371,064.

A comparison of our minimum free reserves requirement (£261,115) with the level of free reserves held at the date of these accounts (£371,064) leads the trustees to be satisfied that

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The Pankhurst Trust (Incorporating Manchester Women’s Aid)

Trustees’ annual report

for the year ended 31[st] March 2024

the level of free reserves is both adequate and appropriate for the charity.

Plans for the future

Our Strategic Plan for 2024-26 will continue to guide us in the work that we do. We will continue to deliver activity in accordance with our objectives and the focus for the next two years is outlined in our Business Plan and will be:

Amplifying the voices of service users and heritage visitors by:

Improving and amplifying voices groups to enable co-production.

Improving heritage interpretation through the design and delivery of an annual events programme.

Providing for the long-term sustainability of services.

Sustaining & diversifying income streams to deliver high quality, value for money services.

Ensuring our heritage provision achieves long term sustainability.

Investing in partnerships that enable us to collect, collate, provide, test and evidence the impact and public benefit of our work

Improving outcomes monitoring and evaluation across the organisation.

Developing & supporting excellent working relationships with commissioners and multi-agency responses.

Ensuring the quality and safety of our provision.

Reviewing DA service delivery to achieve efficient, needs led practice.

Providing quality, safe accommodation and community-based services.

Developing our future leaders.

Embedding a compassionate leadership culture across the organisation.

Our work is informed by the acknowledgement of the severe consequences that gender inequality continues to have on women and girls including the emotional harm abuse has on domestic abuse survivor lives.

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 2024 was 12.

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The Pankhurst Trust (Incorporating Manchester Women’s Aid)

Trustees’ annual report

for the year ended 31[st] March 2024

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 2023-24 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 2024, 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

The organisational Scheme of Delegation, reviewed annually, sets out the responsibilities of the Board and CEO/SMT which, at 31[st] March 2024, 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.

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The Pankhurst Trust (Incorporating Manchester Women’s Aid)

Trustees’ annual report

for the year ended 31[st] March 2024

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 2024

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 5.1% as agreed by the trustees in 2012. This is reviewed annually, most latterly in March 2024.

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 Development 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.

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The Pankhurst Trust (Incorporating Manchester Women’s Aid)

Trustees’ annual report

for the year ended 31[st] March 2024

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.

9

The Pankhurst Trust (Incorporating Manchester Women’s Aid)

Trustees’ annual report

for the year ended 31[st] March 2024

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 07/ 12/ 2024 and signed on their behalf by

…………………………………………………………………….

Caroline Roberts-Cherry

Chair of the Board of Trustees

10

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 2024, 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

11

Independent Auditor’s Report (continued)

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 9, 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.

12

Independent Auditor’s Report (continued)

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/auditorsresponsibilities. This description forms part of our auditor’s report.

13

Independent Auditor’s Report (continued)

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: _______ 27/12/2024

14

The Pankhurst Trust (Incorporating Manchester Women's Aid)

Statement of Financial Activities

(including Income and Expenditure account) for the year ended 31 March 2024

Unrestricted
funds
Note
£
Income from:
Donations and legacies
3
62,944
Charitable activities:
6
Accommodation
1,090,836
Community Services
-
Children's Services
-
Pankhurst Activities
2,500
Central Services
69,174
4
56,430
Investments
5
6,672
Total income
1,288,556
Expenditure on:
Raising funds
8
6,942
Charitable activities:
7
Accommodation
1,219,557
Community Services
5
Children's Services
1
Central & Welfare
247,377
Pankhurst Activities
190,276
Total expenditure
1,664,158
10
(375,602)
Transfer between funds
129,024
(246,578)
Reconciliation of funds
Total funds brought forward
932,947
Total funds carried forward
686,369
Net movement in funds for
the year
Other trading activities
Net income/(expenditure)
for the year		 Restricted
funds
£
49,437
-
2,005,862
167,938
66,731
-
-
-
2,289,968
-
-
1,769,602
213,703
41,919
63,385
2,088,609
201,359
(129,024)
72,335
330,790
403,125		 Total funds
2024
£
112,381
1,090,836
2,005,862
167,938
69,231
69,174
56,430
6,672
3,578,524
6,942
1,219,557
1,769,607
213,704
289,296
253,661
3,752,767
(174,243)
-
(174,243)
1,263,737
1,089,494		 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
1,197,157
1,263,737

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

15

The Pankhurst Trust (Incorporating Manchester Women's Aid) Company number 6726553 Balance sheet as at 31 March 2024 Note 2024 2023 Flxed assets Tangible assets 15 315,305 320,97.4 . Totsl flxed assets 315,305 320 974 Current. assets stock Debtors Cash at bank and in hand 3,744 206,582 768,021 4,571 179,311 898,825 16 17 Total current assets 978.347 1,082 707 Liabllltles Credltors: amounts falling due In less than one year 18 (204,158) (139,944) Net current assets 774,189 942763:. Totsl assets less current Ilabillties 1,089,494 . 1,263,737 Net assets 1,089,494 1,263 737 . The funds of the charity: Restrlcted Income funds Un￿strIcted Income funds 20 403,125 686,369 330,790 932,947 21 Total charlty funds 1,089,494 1,263,737 These accounts are p￿pared in accordan￿ wlth the speclal provislons of part 15 of the Companles Act The notes on pages 18 to 38 form part of these accounts. Approved by the trustees on ￿7 11 12024 and slgned on their behalf by: Caroline Roberts-cherry (Chair) Joanne Peters (Treasurer) 16

The Pankhurst Trust (Incorporating Manchester Women's Aid)

Statement of Cash Flows

for the year ending 31 March 2024

Note
2024
£
Cash provided by/(used in) operating activities
24
(137,476)
Cash flows from investing activities:
Dividends, interest, and rents from investments
6,672
Purchase of tangible fixed assets
-
Cash provided by/(used in) investing activities
6,672
(130,804)
Cash and cash equivalents at the beginning of the year
898,825
Cash and cash equivalents at the end of the year
768,021
Increase/(decrease) in cash and
cash equivalents in the year		 2023
£
202,867
424
-
424
203,291
695,534
898,825

17

The Pankhurst Trust (Incorporating Manchester Women's Aid) Notes to the accounts for the year ended 31 March 2024 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 withi n the next reporting period. 18

The Pankhurst Trust (Incorporating Manchester Women's Aid) Notes to the accounts for the year ended 31 March 2024 (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 conti ngent 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 recelpt, donated professlonal servlces and donated facllitles are recognlsed on the basls 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. 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. 19

The Pankhurst Trust (Incorporating Manchester Women's Aid) Notes to the accounts for the year ended 31 March 2024 (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 partyi 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.. Costs of raising funds comprise the costs of heritage goods sold at the Pankhurst Centre. Expenditure on charitable activities includes the costs undertaken to further the purposes of the charity and their associated support costs. Other expenditure represents those items not falling into any other heading. 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. 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 thei r estimated useful economic lives on a straight line basis as follows: Leasehold building Fixtures a nd fittings office equipment Play equipment Straight line over the period of the lease 250/0 25010 20

The Pankhurst Trust (Incorporating Manchester Women's Aid)

Notes to the accounts for the year ended 31 March 2024 (continued)

k 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.

l 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.

m 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.

n 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.

The Pankhurst Trust (Incorporating Manchester Women's Aid)

Notes to the accounts for the year ended 31 March 2024 (continued)

o 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 Current reporting period Unrestricted Restricted Total 2024
£ £ £
Donations - Heritage 26,169 - 26,169
- Other 34,552 49,437 83,989
Miscellaneous income 2,223 - 2,223
Total 62,944 49,437 112,381
Previous reporting period Unrestricted Restricted Total 2023
£ £ £
_Donations - _ Heritage 20,191 - 20,191
- Other 33,620 36,520 70,140
Miscellaneous income 2,293 - 2,293
Total 56,104 36,520 92,624

The Pankhurst Trust (Incorporating Manchester Women's Aid)

Notes to the accounts for the year ended 31 March 2024 (continued)

4 Income from other trading activities

Income from other trading activities
2024 2023
£ £
Room hire and training 24,626 8,750
Sales and other income 15,922 14,632
Miscellaneous income 15,882 27,729
56,430 51,111

All income from other trading activities is unrestricted.

5 Investment income
Current reporting period Unrestricted Restricted 2024
£ £ £
Income from bank deposits 6,672 - 6,672
6,672 - 6,672
Previous reporting period Unrestricted Restricted 2023
£ £ £
Income from bank deposits 424 424
424 - 424

The Pankhurst Trust (Incorporating Manchester Women's Aid)

Notes to the accounts for the year ended 31 March 2024 (continued)

6 Income from charitable activities

Current Reporting Period
Accommodation
£
Housing Related Support
479,980
Small Grants
-
Big Lottery
-
Solace
-
GMCA
-
Reclaim
-
Salford Foundation
-
Manchester City Council
-
Big Manchester
-
Iris
-
Sahara
-
TLC
-
NHS Trafford CCG
-
Oglesby Charitable Trust
-
479,980
Fees and other income
Rent & Service Charges Rec'l
718,043
Voids
(107,187)
610,856
1,090,836		 Community
Services
£
-
-
-
-
257,536
-
136,147
873,234
79,760
431,476
66,000
13,945
147,764
-
2,005,862
-
-
-
2,005,862		 Children's
Services
£
-
37,500
-
-
33,500
-
-
46,938
-
-
-
-
-
50,000
167,938
-
-
-
167,938		 Pankhurst
Activities
£
-
3,500
-
-
51,875
13,856
-
-
-
-
-
-
-
-
69,231
-
-
-
69,231		 Central &
Welfare
-
69,174
-
-
-
-
-
-
-
-
-
-
-
-
69,174
-
-
-
69,174		 Total 2024
£
479,980
110,174
-
-
342,911
13,856
136,147
920,172
79,760
431,476
66,000
13,945
147,764
50,000
2,792,185
718,043
(107,187)
610,856
3,403,041

Restricted income Unrestricted income

2024 £ 2,289,968 1,113,073 3,403,041

24

The Pankhurst Trust (Incorporating Manchester Women's Aid)

Notes to the accounts for the year ended 31 March 2024 (continued)

6 Income from charitable activities

Previous Reporting Period
Accommodation
£
Housing Related Support
479,981
Small Grants
23,000
Big Lottery
-
Solace
-
GMCA
-
Reclaim
-
Salford Foundation
-
Manchester City Council
-
Big Manchester
-
Iris
-
Sahara
-
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
Restricted income
Unrestricted income		 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
2023
£
2,321,653
1,119,448
3,441,101

25

The Pankhurst Trust (Incorporating Manchester Women's Aid)

Notes to the accounts for the year ended 31 March 2024 (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)		 Accommodatio
n Refuges
£
589,952
388,796
24,790
40,694
1,921
-
173,404
1,219,557		 Community
Services
£
1,174,635
15,684
100,856
97,206
-
-
381,226
1,769,607		 Children
Services
£
161,459
18
9,752
11,384
-
-
31,091
213,704		 Pankhurst
Activities
£
142,769
35,777
26,738
1,995
3,748
-
42,634
253,661		 Central &
Welfare
£
177,980
4,861
41,261
54,522
-
10,672
-
289,296		 Total 2024
£
2,246,795
445,136
203,397
205,801
5,669
10,672
628,355
3,745,825
2024
£
2,088,609
1,657,216
3,745,825

26

The Pankhurst Trust (Incorporating Manchester Women's Aid)

Notes to the accounts for the year ended 31 March 2024 (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
£
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

27

The Pankhurst Trust (Incorporating Manchester Women's Aid) Notes to the accounts for the year ended 31 March 2024 (continued) Cost of raising funds 2024 2023 Cost of good sold 6,942 6,152 6,942 6,152 All expenditure on cost of raising funds is unrestricted. Analysis of governance and support costs Current reporting period Basis of apportionment Support Governance Total 2024 Staff costs Office costs Audit fees Accountancy services AGM Board Away Day Time spent Floor area 491,906 136,449 491,906 136,449 5,400 4,560 368 344 5,400 4,560 368 344 628,355 10,672 639,027 Prevlous reportlng perlod Basis of apportionment Support Governance Total 2023 Staff costs Office costs Audit fees Accountancy services Time spent Floor area 443,586 116,694 443,586 116,694 5,280 2,683 5,280 2, 683 560,280 7,963 568,243 28

The Pankhurst Trust (Incorporating Manchester Women's Aid)

Notes to the accounts for the year ended 31 March 2024 (continued)

10 Net income/(expenditure) for the year

This is stated after charging/(crediting): 2024 2023
£ £
Depreciation 5,669 9,036
Operating lease rentals:
Equipment - 1,726
Auditor's remuneration - audit fees 4,500 4,300
Auditor's remuneration - accountancy fees 3,800 2,300

11 Staff costs

Staff costs during the year were as follows:

Staff costs during the year were as follows:
2024 2023
£ £
Wages and salaries 2,280,139 2,029,980
Social security costs 205,895 185,507
Pension costs 83,381 49,035
Redundancy - 2,376
2,569,415 2,266,898
Staff recruitment, travel, training, agency staff &
supervision 139,286 173,394
2,708,701 2,440,292

One employee has employee benefits in excess of £60,000 - £70,000 (2023: one). One employee has employee benefits in excess of £70,000 - £80,000 (2023: nil).

The average number of staff employed during the period was 90 (2023: 86).

The average full time equivalent number of staff employed during the period was 80 (2023: 77).

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 £179,729 (2023: £169,451).

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 £3,216 (2023: £1,733).

One member of the management committee received travel and subsistence expenses during the year of £14 (2023:£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 (2023: nil).

The Pankhurst Trust (Incorporating Manchester Women's Aid) Notes to the accounts for the year ended 31 March 2024 (continued) 13 Government grants The government grants recognised in the accounts were as follows.. 2024 2023 GMCA 342,911 242,099 342,911 242,099 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 Flxed assets: tangible assets Play equipment Fixtures & fittings Office equipment Leasehold improvements Total Cost At l April 2023 Additions Disposals 36,765 90,324 116,270 407,575 614,169 At 31 March 2024 36,765 90,324 116,270 407,575 614,169 Depreciation At l April 2023 Charge for the year Disposals 36,765 88,403 1,921 116,270 88,522 3,748 293,195 5,669 At 31 March 2024 36,765 90,324 116,270 92,270 298,864 Net book value At 31 March 2024 315,305 315,305 At 31 March 2023 1,921 319,053 320, 974 30

The Pankhurst Trust (Incorporating Manchester Women's Aid)

Notes to the accounts for the year ended 31 March 2024 (continued)

16 Debtors

16 Debtors
2024 2023
£ £
Rent debtors 66,137 26,875
Prepayments and accrued income 140,445 152,436
206,582 179,311
17 Cash at bank and in hand
2024 2023
£ £
Cash at bank and on hand 768,021 898,825
768,021 898,825

18 Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 63,495 63,785
Other creditors and accruals 90,238 26,942
Deferred income - 37,500
Taxation and social security costs 47,387 8,968
Rent in advance 3,038 2,749
204,158 139,944
Deferred income
As at 1 Grant Released in As at 31
April 2023 received year March 2024
£ £ £ £
Grant income 37,500 - (37,500) -
Deferred grant carried forward 37,500 - (37,500) -

19 Deferred income

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

The Pankhurst Trust (Incorporating Manchester Women's Aid) Notes to the accounts for the year ended 31 March 2024 (continued) 20 Analysis of movements in restricted funds Current reporting Balance at period l April 2023 Balance at 31 March 2024 Income Expenditure Transfers Community Services IRIS Big Manchester Housing Related Support MIDASS Drive Sahara Renew ADVISE Restore MOJ Reach Respite Rooms Priority Move On project Safe in Salford 13,276 431,476 79,760 (376,847) (88,280) (59,435) 8,520 8,470 171,417 156,971 13,945 66,000 105,600 147,764 110,837 41,099 504,846 40,000 (170,663) (104,707) (27,223) (18,552) (108,080) (86,944) (98,617) (52,886) (436,999) (41,509) (754) (52,264) 13,278 13,740 75,477 61,188 72,997 60,820 58,732 46,512 (5,946) 17,733 (67,847) 2,971 1,462 20,035 12,143 (18,731) (139,564) 1,304 8,726 136,147 178,208 2,005,862 (1,769,602) (140,769) 273,699 Children Services Manchester City Cou ncil Moj OakLodge Oglesby Mather 22,537 5,292 4,053 23,083 6,938 33,500 40,000 50,000 37,500 167,938 (13,661) (38,516) (49,517) (53,192) (58,817) (213,703) (15,814) 276 5,464 19,891 21,317 10,967 54,965 20,167 Central & Welfare Donations Wavemaker 21,675 5,000 26,675 49,337 (41,919) 29,093 5,000 49,337 (41,919) 34,093 Pankhurst Artlvltles Pankhurst Restoration Coaching Reclaim Labyrinth W&G Panel HAR National Trust 38,215 9,497 (7,279) 4,755 21,635 4,119 38,215 6,041 loo 13,856 (3,556) (16,297) 9,720 (4,755} 51,875 (43,600) 68 29,910 (4,187) 1,000 1,000 70,942 66,831 (63,385) 778 75,166 Total 330,790 2,289,968 (2,088,609) (129,024) 403,125 32

The Pankhurst Trust (Incorporating Manchester Women's Aid)

Notes to the accounts for the year ended 31 March 2024 (continued)

20 Analysis of movements in restricted funds (continued)

Name of restricted fund Description, nature and purposes of the fund Community Services: grants largely from various funders for outreach work. Children's Services: funded by Manchester City Council Play Fund to support work with children. Central & Welfare: grants and donations for service users and their families. Pankhurst Activities: fundraising and donations to support Pankhurst Centre development and dropin activity

Transfers between restricted and unrestricted funds are used to cover overspends and for reallocation of core costs as applicable.

The Pankhurst Trust (Incorporating Manchester Women's Aid) Notes to the accounts for the year ended 31 March 2024 (continued) Previous reporting period t5aiance at l April 2022 Asat31 March 2023 Income Expenditure Transfers IRIS Big Manchester Housing Related Support MIDASS Drive Sahara Renew ADVISE Oglesby Restore MOJ Reach Respite Rooms Priority Move On project Safe in Salford 56,856 403,042 71,392 (353,608) (72,226) (93,014) 834 13,276 (77) 171,418 106,856 35,998 33, 792 i 00, 000 125,286 52,400 70,000 41,099 500,579 35,000 (197,341) (14,935) (47,453) (20,841) (24,523) (168,923) (51,922) (23,488) (44,592) (451,006) (34,519) 26,000 (91,921) 5,687 27,501 5, 768 (26,712) 13,740 75,477 17,768 44,605 25,869 (22,000) 23,083 46,512 (5, 946) (2,453) 20,831 2,490 (70,404) 2,971 3,814 50,000 136,147 (29,965) (124,004) (3,814) 20,035 12,143 122,890 1,933,009 (1,659,346) (195,262) 201,291 Chlldren Servlces Manchester City Council Children in Need MOJ Oaklodge 1st 1000 days Mather 46,200 (48,481) (378) (39, 102) (38, 713) (15,173) (43,879) 24,818 36,784 22,537 (36,406) 13,394 2,766 31,000 40,000 16,667 37,500 5,292 4,053 (1,494) 6,379 (20,246) 171,367 (185, 726) 66,487 31,882 Central & Welfare Donations Wavemaker 10,117 5,000 36,520 (24, 962) 21,675 5,000 15,117 36,520 (24,962) 26,675 Pankhurst Activities Pankhurst Restoration Big Lottery Coaching Reclaim Labyrinth W&G Panel HAR 38,215 21,422 368 (2, 062) 10,115 21,934 38,215 35,240 9,129 32,610 22, 500 50, 500 30, 778 (46,271) (10,391) 9,497 (7,279) 4, 755 21,635 4,119 (37,827) (27,860) (50, 799) (26,659) 89,992 180, 757 (189,416) (10,391) 70, 942 Total 207,753 2,321,653 (2,059,450) (139,166) 330, 790 34

The Pankhurst Trust (Incorporating Manchester Women's Aid)

Notes to the accounts for the year ended 31 March 2024 (continued)

21 Analysis of movement in unrestricted funds

Current reporting Balance
period at 1 April As at 31
2023 Income Expenditure Transfers March 2024
£ £ £ £ £
General fund 613,894 1,288,556 (1,660,410) 129,024 371,064
Designated fund -
Pankhurst centre lease 319,053 - (3,748) - 315,305
932,947 1,288,556 (1,664,158) 129,024 686,369
Previous reporting Balance
period at 1 April As at 31
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

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 Pankhurst centre lease Net book value of leasehold improvement

The Pankhurst Trust (Incorporating Manchester Women's Aid)

Notes to the accounts for the year ended 31 March 2024 (continued)

22 Analysis of net assets between funds

Current reporting period General Designated Restricted
fund funds funds Total
£ £ £ £
Tangible fixed assets - 315,305 - 315,305
Net current assets/(liabilities) 371,064 - 403,125 774,189
Total 371,064 315,305 403,125 1,089,494
Previous reporting period General Designated Restricted
fund funds funds Total
£ £ £ £
Tangible fixed assets 1,921 319,053 - 320,974
Net current assets/(liabilities) 611,973 - 330,790 942,763
Total 613,894 319,053 330,790 1,263,737

The Pankhurst Trust (Incorporating Manchester Women's Aid)

Notes to the accounts for the year ended 31 March 2024 (continued)

23 Operating lease commitments

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

Less than one year
One to five years		 2024
2023
£
£
1,295
1,726
-
1,295
1,295
3,021
Equipment

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		 2024
£
(174,243)
5,669
(6,672)
827
(27,271)
64,214
(137,476)		 2023
£
66,580
9,036
(424)
(587)
165,319
(37,057)
202,867

37

The Pankhurst Trust (Incorporating Manchester Women's Aid)

Notes to the accounts for the year ended 31 March 2024 (continued)

25 Prior year statement of financial activities

Unrestricted Restricted Total funds Total funds
funds funds 2023 2022
Note £ £ £ £
Income from:
Donations and legacies 3 56,104 36,520 92,624 127,471
Charitable activities: 6
Accommodation 1,133,244 - 1,133,244 969,591
Community Services - 1,933,009 1,933,009 1,438,117
Children's Services - 171,367 171,367 221,571
Pankhurst Activities 22,724 180,757 203,481 240,672
Central Services
Other trading activities 4 51,111 - 51,111 19,230
Investments 5 424 - 424 5,056
Total income 1,263,607 2,321,653 3,585,260 3,021,708
Expenditure on:
Raising funds 8 6,152 - 6,152 2,246
Charitable activities: 7
Accommodation 1,084,239 - 1,084,239 970,250
Community Services - 1,659,346 1,659,346 1,415,933
Children's Services - 185,726 185,726 272,756
Central & Welfare 213,857 24,962 238,819 152,489
Pankhurst Activities 154,982 189,416 344,398 265,472
Total expenditure 1,459,230 2,059,450 3,518,680 3,079,146
Net income/(expenditure) for the
year 10 (195,623) 262,203 66,580 (57,438)
Transfer between funds 139,166 (139,166) - -
Net movement in funds for the year (56,457) 123,037 66,580 (57,438)
Reconciliation of funds
Total funds brought forward 989,404 207,753 1,197,157 1,254,595
Total funds carried forward 932,947 330,790 1,263,737 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.