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: 

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

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

   - c. Advancing the education of such beneficiaries; and 

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

3. 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: 

- RENEW which provides support around sexual violence for those on the waiting list to access counselling support from St. Marys SARC. 

- REACH now provides a weekly drop in, open to everyone, providing an informal space where clients can be supported to register and search for social housing, apply for benefits, receive legal advice and participate in wellbeing activities. 



## The Pankhurst Trust (Incorporating Manchester Women’s Aid) 

## Trustees’ annual report 

## for the year ended 31[st] March 2024 

- SAHARA restarted, with funding secured from Henry Smith foundation and Garfield Weston foundation. This means we now have a dedicated team who support clients from communities experiencing racial inequalities (CERI). 

- We received funding from the Baker Family Charitable Trust for support with marketing and communications for the next three years. From this we were able to hire a dedicated person to fulfil this role and began working on building two new websites – one for Manchester Women’s Aid and one for the Pankhurst Centre. 

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: 

- a) The cost of running a core service of the organisation for 3 months; plus 

- b) Redundancy costs for all staff; plus 

- c) An allowance for legal and professional fees and a modest contingency for additional unforeseen costs. 

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

- Barnardo’s, Homestart Manchester, Mind, CGL – providing a domestic abuse specialism to the Big Manchester projects working with families. 

- Wai Yin Society and Manchester Young Lives – working together on the 1[st] 1000 Days project to support women who are pregnant or have children under the age of 2 years. 

- Salford Foundation, Trafford Domestic Abuse Services and TLC – providing domestic abuse services in Salford under the project name Safe in Salford 

- Shelter and AFG Law – providing housing and legal advice at our weekly drop-in. 

- Manchester Histories – working together to ensure Pankhurst and suffragette related materials that we own are archived effectively and made available for public research. 

- RECLAIM – running the Full Time Fierce programme introducing young working-class women to activism and campaigning for gender justice. 

- Solace – working in partnership to forge stronger networks for women through the Labyrinth project. 

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## The Pankhurst Trust (Incorporating Manchester Women’s Aid) 

## Trustees’ annual report 

## for the year ended 31[st] March 2024 

- GM and MCC VCFSE Leaders Group – through these networks we can contribute to and learn from the development of innovative solutions to combat poverty and inequality across our Region. 

- Membership of three prominent GM Equalities Panels, GM Women & Girls Panel, GM Women’s Health Strategy and GM=EqAl. 

## 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: 

- Select suitable accounting policies and then apply them consistently 

- Observe the methods and principles in the Charities SORP 

- Make judgements and estimates that are reasonable and prudent 

- State whether applicable UK Accounting Standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements 

- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation 

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: 

- There is no relevant audit information of which the charitable company’s auditors are unaware 

- The trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information 

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 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 

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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 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: 

- give a true and fair view of the state of the charitable company’s affairs as at 31 March 2024, and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; 

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and 

- have been prepared in accordance with the requirements of the Companies Act 2006. 

## **Basis for opinion** 

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements.  We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. 

## **Conclusions relating to going concern** 

In auditing the financial statements, we have concluded that the 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: 

- the information given in the trustees’ report (incorporating the directors’ report) for the financial year for which the financial statements are prepared is consistent with the financial statements; and 

- the trustees’ report has been prepared in accordance with applicable legal requirements. 

## **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: 

- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or 

- the financial statements are not in agreement with the accounting records and returns; or 

- certain disclosures of trustees’ remuneration specified by law are not made; or 

- we have not received all the information and explanations we require for our audit; or 

- the trustees were not entitled to prepare the financial statements in accordance with the small companies’ regime and take advantage of the small companies’ exemptions in preparing the Trustees’ Annual Report and from the requirement to prepare a strategic report. 

## **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. 

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## **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: 

- enquiry of management and those charged with governance around actual and potential litigation and claims. 

- enquiry of the charity's staff, management and those charged with governance to identify any instances of non-compliance with laws and regulations. 

- reviewing minutes of meetings of those charged with governance. 

- reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations. 

- auditing the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness, and evaluating the business rationale of significant transactions outside the normal course of business. 

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. 

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## **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 

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## 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<br>funds<br>Note<br>£<br>**Income from:**<br>Donations and legacies<br>3<br>62,944<br>Charitable activities:<br>6<br>Accommodation<br>1,090,836<br>Community Services<br>-<br>Children's Services<br>-<br>Pankhurst Activities<br>2,500<br>Central Services<br>69,174<br>4<br>56,430<br>Investments<br>5<br>6,672<br>**Total income**<br>**1,288,556**<br>**Expenditure on:**<br>Raising funds<br>8<br>6,942<br>Charitable activities:<br>7<br>Accommodation<br>1,219,557<br>Community Services<br>5<br>Children's Services<br>1<br>Central & Welfare<br>247,377<br>Pankhurst Activities<br>190,276<br>**Total expenditure**<br>**1,664,158**<br>10<br>**(375,602)**<br>Transfer between funds<br>129,024<br>**(246,578)**<br>**Reconciliation of funds**<br>Total funds brought forward<br>932,947<br>**Total funds carried forward**<br>**686,369**<br>**Net movement in funds for**<br>**the year**<br>Other trading activities<br>**Net income/(expenditure)**<br>**for the year**|Restricted<br>funds<br>£<br>49,437<br>-<br>2,005,862<br>167,938<br>66,731<br>-<br>-<br>-<br>**2,289,968**<br>-<br>-<br>1,769,602<br>213,703<br>41,919<br>63,385<br>**2,088,609**<br>**201,359**<br>(129,024)<br>**72,335**<br>330,790<br>**403,125**|Total funds<br>2024<br>£<br>112,381<br>1,090,836<br>2,005,862<br>167,938<br>69,231<br>69,174<br>56,430<br>6,672<br>**3,578,524**<br>6,942<br>1,219,557<br>1,769,607<br>213,704<br>289,296<br>253,661<br>**3,752,767**<br>**(174,243)**<br>-<br>**(174,243)**<br>1,263,737<br>**1,089,494**|_Total funds_<br>_2023_<br>_£_<br>_92,624_<br>_1,133,244_<br>_1,933,009_<br>_171,367_<br>_203,481_<br>_-_<br>_51,111_<br>_424_<br>**_3,585,260_**<br>_6,152_<br>_1,084,239_<br>_1,659,346_<br>_185,726_<br>_238,819_<br>_344,398_<br>**_3,518,680_**<br>**_66,580_**<br>_-_<br>**_66,580_**<br>_1,197,157_<br>**_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<br>2024<br>£<br>**Cash provided by/(used in) operating activities**<br>24<br>**(137,476)**<br>_Cash flows from investing activities:_<br>Dividends, interest, and rents from investments<br>6,672<br>Purchase of tangible fixed assets<br>-<br>**Cash provided by/(used in) investing activities**<br>**6,672**<br>(130,804)<br>Cash and cash equivalents at the beginning of the year<br>898,825<br>**Cash and cash equivalents at the end of the year**<br>**768,021**<br>Increase/(decrease) in cash and<br>cash equivalents in the year|_2023_<br>_£_<br>**_202,867_**|
|---|---|
||_424_<br>_-_|
||**_424_**|
||_203,291_<br>_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**<br>Accommodation<br>£<br>Housing Related Support<br>479,980<br>Small Grants<br>-<br>Big Lottery<br>-<br>Solace<br>-<br>GMCA<br>-<br>Reclaim<br>-<br>Salford Foundation<br>-<br>Manchester City Council<br>-<br>Big Manchester<br>-<br>Iris<br>-<br>Sahara<br>-<br>TLC<br>-<br>NHS Trafford CCG<br>-<br>Oglesby Charitable Trust<br>-<br>479,980<br>**Fees and other income**<br>Rent & Service Charges Rec'l<br>718,043<br>Voids<br>(107,187)<br>610,856<br>1,090,836|Community<br>Services<br>£<br>-<br>-<br>-<br>-<br>257,536<br>-<br>136,147<br>873,234<br>79,760<br>431,476<br>66,000<br>13,945<br>147,764<br>-<br>2,005,862<br>-<br>-<br>-<br>2,005,862|Children's<br>Services<br>£<br>-<br>37,500<br>-<br>-<br>33,500<br>-<br>-<br>46,938<br>-<br>-<br>-<br>-<br>-<br>50,000<br>167,938<br>-<br>-<br>-<br>167,938|Pankhurst<br>Activities<br>£<br>-<br>3,500<br>-<br>-<br>51,875<br>13,856<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>69,231<br>-<br>-<br>-<br>69,231|Central &<br>Welfare<br>-<br>69,174<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>69,174<br>-<br>-<br>-<br>69,174|Total 2024<br>£<br>479,980<br>110,174<br>-<br>-<br>342,911<br>13,856<br>136,147<br>920,172<br>79,760<br>431,476<br>66,000<br>13,945<br>147,764<br>50,000<br>2,792,185<br>718,043<br>(107,187)<br>610,856<br>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_**<br>_Accommodation_<br>_£_<br>_Housing Related Support_<br>_479,981_<br>_Small Grants_<br>_23,000_<br>_Big Lottery_<br>_-_<br>_Solace_<br>_-_<br>_GMCA_<br>_-_<br>_Reclaim_<br>_-_<br>_Salford Foundation_<br>_-_<br>_Manchester City Council_<br>_-_<br>_Big Manchester_<br>_-_<br>_Iris_<br>_-_<br>_Sahara_<br>_-_<br>_TLC_<br>_-_<br>_NHS Trafford CCG_<br>_-_<br>_Oglesby Charitable Trust_<br>_502,981_<br>**Fees and other income**<br>_Rent & Service Charges Rec'l_<br>_682,814_<br>_Voids_<br>_(52,551)_<br>_630,263_<br>_1,133,244_<br>Restricted income<br>Unrestricted income|_Community_<br>_Services_<br>_£_<br>_-_<br>_-_<br>_-_<br>_-_<br>_211,099_<br>_-_<br>_136,147_<br>_863,853_<br>_71,392_<br>_403,042_<br>_33,792_<br>_35,998_<br>_125,286_<br>_52,400_<br>_1,933,009_<br>_-_<br>_-_<br>_-_<br>_1,933,009_|_Children's_<br>_Services_<br>_£_<br>_-_<br>_37,500_<br>_-_<br>_-_<br>_31,000_<br>_-_<br>_-_<br>_102,867_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_171,367_<br>_-_<br>_-_<br>_-_<br>_171,367_|_Pankhurst_<br>_Activities_<br>_£_<br>_-_<br>_22,350_<br>_44,028_<br>_22,500_<br>_50,000_<br>_32,610_<br>_-_<br>_8,928_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_180,416_<br>_-_<br>_-_<br>_-_<br>_180,416_|_Central &_<br>_Welfare_<br>_-_<br>_23,065_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_23,065_<br>_-_<br>_-_<br>_-_<br>_23,065_|_Total 2023_<br>_£_<br>_479,981_<br>_105,915_<br>_44,028_<br>_22,500_<br>_292,099_<br>_32,610_<br>_136,147_<br>_975,648_<br>_71,392_<br>_403,042_<br>_33,792_<br>_35,998_<br>_125,286_<br>_52,400_<br>_2,810,838_<br>_682,814_<br>_(52,551)_<br>_630,263_<br>_3,441,101_<br>_2023_<br>_£_<br>_2,321,653_<br>_1,119,448_<br>_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**<br>Staff costs<br>Premises<br>Administration<br>Project costs<br>Depreciation<br>Restricted expenditure<br>Unrestricted expenditure<br>**Total**<br>Governance costs<br>(see note 9)<br>Support costs (see<br>note 9)|Accommodatio<br>n Refuges<br>£<br>589,952<br>388,796<br>24,790<br>40,694<br>1,921<br>-<br>173,404<br>1,219,557|Community<br>Services<br>£<br>1,174,635<br>15,684<br>100,856<br>97,206<br>-<br>-<br>381,226<br>1,769,607|Children<br>Services<br>£<br>161,459<br>18<br>9,752<br>11,384<br>-<br>-<br>31,091<br>213,704|Pankhurst<br>Activities<br>£<br>142,769<br>35,777<br>26,738<br>1,995<br>3,748<br>-<br>42,634<br>253,661|Central &<br>Welfare<br>£<br>177,980<br>4,861<br>41,261<br>54,522<br>-<br>10,672<br>-<br>289,296|Total 2024<br>£<br>2,246,795<br>445,136<br>203,397<br>205,801<br>5,669<br>10,672<br>628,355<br>3,745,825<br>2024<br>£<br>2,088,609<br>1,657,216<br>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_**<br>_Staff costs_<br>_Premises_<br>_Administration_<br>_Project costs_<br>_Depreciation_<br>_Restricted expenditure_<br>_Unrestricted expenditure_<br>_Governance costs_<br>_(see note 9)_<br>_Support costs (see_<br>_note 9)_<br>**_Total_**|_Accommodation_<br>_Refuges_<br>_£_<br>_483,816_<br>_359,865_<br>_30,826_<br>_24,020_<br>_4,841_<br>_-_<br>_180,871_<br>_1,084,239_|_Community_<br>_Services_<br>_£_<br>_1,063,398_<br>_14,506_<br>_69,874_<br>_147,934_<br>_-_<br>_-_<br>_363,634_<br>_1,659,346_|_Children_<br>_Services_<br>_£_<br>_130,102_<br>_98_<br>_6,240_<br>_28,153_<br>_-_<br>_-_<br>_21,133_<br>_185,726_|_Pankhurst_<br>_Activities_<br>_£_<br>_139,740_<br>_34,187_<br>_54,012_<br>_56,800_<br>_3,748_<br>_-_<br>_55,911_<br>_344,398_|_Central &_<br>_Welfare_<br>_£_<br>_139,189_<br>_8,096_<br>_42,148_<br>_38,870_<br>_447_<br>_10,069_<br>_-_<br>_238,819_|_Total 2023_<br>_£_<br>_1,956,245_<br>_416,752_<br>_203,100_<br>_295,777_<br>_9,036_<br>_10,069_<br>_621,549_<br>_3,512,528_<br>_2023_<br>_£_<br>_2,059,450_<br>_1,453,078_<br>_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<br>One to five years|2024<br>_2023_<br>£<br>_£_<br>1,295<br>_1,726_<br>-<br>_1,295_<br>1,295<br>_3,021_<br>Equipment|
|---|---|



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

|**Net income/(expenditure) for the year**<br>**Adjustments for:**<br>Depreciation charge<br>Dividends, interest and rents from investments<br>Decrease/(increase) in stock<br>Decrease/(increase) in debtors<br>Increase/(decrease) in creditors<br>**Net cash provided by/(used in) operating**|2024<br>£<br>(174,243)<br>5,669<br>(6,672)<br>827<br>(27,271)<br>64,214<br>(137,476)|_2023_<br>_£_<br>_66,580_<br>_9,036_<br>_(424)_<br>_(587)_<br>_165,319_<br>_(37,057)_<br>_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.