Company registration number.. 06891597 Charrty registration number.. 1130363 Voices in Exile {A company bmrted by guarantee) Annual Report and Financial St*ements for the Year Ended 31 December 2023 ￿￿>7(￿vI)I$ 2(￿7r2024 ¢￿PANIEs HCXJSE A11 #150 Volcos in Exile Contents Referer￿e and Administrative Details Strategic Report Trustees, Report 3107 Independent Examinerfs Report Slalement of FinarKial Actiwbes Balance Sheet 10 ststemenl of Cash Flows 11 Notes lo Ihe Finanual Slalements 12to25 Volces In Exlle Reference and Administrative Detai15 Charity Registration Nurn￿r Company Registration Number 1130363 91597 The ¢hanty is in￿￿¢Vated in Erwjtand & Wales. 36 Upper Bedford Street Brw3hlon England BN2 1JP R¢gISter￿ Office Independent Examiner Lohur & Co Ltd Chartered Certthed ACcoUnt￿ts and Regtslered Auditors 35 New England Road Brighton East Sussex BN14GG Page 1 Voices in Exi Strategic Report for the Year Ended 31 DeCem￿r 2023 The trustees, who are directors for Ihe purposes of company law, present their strategi¢ report for the year ended 31 December 2023, in ¢omplian¢e with s414C of the Companies Act 2006. Financial review al fundin souffjes Trustees would like lo thank the follow'ng for their generosty in fvnding the work of VIE over this year." • Biitish Red Cross . Paul Hamtyn Foundation . People's Heatth Trust . AB Charitable Trust . Access to Justice Foundation . National Lottery Awards for All . Department of Levelling Up and Cornmuniti"e5 . Brighton & Hove Food Partnership . Real Junk Food Pioject . Sodexo . Society of the Holy Child Jesus Catholic Pansh of East Brighton Enjoolata Foundation . Garfield Weston Found*ion . Diocesan Refugee Fund . Brighton & Hove Cty Council . Sussex Communty Fund Lloyds Bank Foundation Society of Friend5 (Quakers) St. Anne's Trust Pebble Trust And a numter of signiffi￿nI individual donors and smaN Iccal community grants- thank you. Investment olic and ob ectNes The Trust Deed aulhorises the Irustees to make and I￿￿j investments using the general funtjs of the chanty. but stjch investments are presentty held. The strategic report was approved by the trustees of the charity cffl 9 July 2024 and suned on its behaw by". Jarne5 Saddier Hickie Trus Page 2 Voices in Exile Trustees. Report The Iruslees, who are directors for the purposes of company law. present the annual report Icoether with the fThncial statements of the ¢haritabk wnpany for the year ended 31 December 2023. Objectives and activities Ob ecls and aims Vol￿S in Exile is constrtuted as a charitable company limited by guarantee and is therefore govemed by ils Memorandum and Artides of Asso¢kation which are also its objects. The objects of the charity are to offer a holistic service. reflecting the needs of rts service users. co11edNe￿ and individually. This service has to be broad and flexible in order lo encompass the wide range of people who are supported, namety asylum seekers, refugees arHI those wrth no re¢ourse to publ￿ funds lj.ust under half of whom have mental health or phYs￿al disabilities). and the exiensive obstacles in all areas of life that these people can face. As one of the key support c*ganisation$ in the Brighton & Hove area working wth these groups, and with the ck)sure of a huge amount of relevant seryices this year the need for these senrices is increasing dramati¢Jly. Ob ectwes, strate les ané ac(Nit￿$ This year was largely one of regrouping and consolid*ion after wh* fell like almost ¢easeless tumult during and beyond the pandem￿ and the 9k4)al Upheav￿ caused by conflict in Afghanistsn Ukraine. The cty and region continued rapidty to adapt lo new arrivals againsl a backdrop of increasingly neg81ive anliqnigrant media and govemmenl theloric. laws and pol¢cies incIL￿ing the misconcewed Rwanda Scheme. the provisions of the Illegal Migration Bill Isinee passed into law) and. in relation to Channel crossings, the persistent and pernicAOUS Insisten￿ of polrtiaans to refer to 'boals' instead of 'people'. We developed and conlinuejj to deltver a grcA¥ing range of services and activi(ies during this period, in¢kKling'. Dedicated OISC Level 2 immigr*K)n kgal advice and Ga5ework for those without secure immigration stslus in East & West Sussex, rnduding EU na￿TraI5 wilh complex cases who still had not yel registered on the EU Settlement Sche￿￿.. Generalist advtce and casework 5UPPOrt for new and established migrant residents to access housing, asWum support, access lo healthcare and lo other services and entrtlemenls through face -lo-face and online appointments. phone and emall advice. referrals, and 2nd tier advice to other professionals.. . Practical support through deStrtul￿nlhaTdShlP grants in partnership with the British Red Cros5'. PractKal support from our independent weekly food bank delwery seNice and, following the re￿penIng ol the refurbished Fitzhethrt Community Hub ￿er in 2022, in person al our weekly colledion $eNice. providing lailor-made and generous parcels of nutrrtK)us and cutturalty appropriate food. including fresh fruit and veg from lo¢al f¢)od groweys and providers". . An expanded group work programme, running three weekty I￿person groups for newly arrived and isolated residents to support wellbeiny, d￿rtaI indu*¢)n. Ictal OT￿nIatIOn. connecticm with n*ure. social netsvorks and personal ￿Sir1ence. . A dedicated skills and employabilrty project to support people wrth personal devejopmenl, ac￿Ssing language courses. ¥(￿￿"0naI Iraining, volunleering and employability. ￿clUdIng PTe-employabih"ty Page 3 Voices In Exlle Trustees. Report Growing our volunteer base to 40+ ¥tive volunteers worknng in a number of new roles including m￿jrant support. food bank and ¢asewor* support", Continuing to prowde intensive ¢asework support lo resettlejj refugee families in BrvJhlon & Hove. including a new stream of Work supporting Af9han families foknving their arrival in the UK aThJ Inol so) temporary accommodation in bridging holels". . Continuing to prowde phones. dKJitsl devitss and wffi Whe￿ possible and Whe￿ olherwise people would find themselves dwJilally excluded frcyn 5ervKes. from teaming Opportunit￿ and fr(Kn making and maintaining s(tial conneclK)ns. We also continued to consolid*e our govemance and infrastructure and completed work on developing our client man4ement database AdvicePro. ensuring that all the outcomes set out in our strategi¢ plan are embedded from the stsrt so thal we can Irad( h(M the outpuls and interventions in our day-It>day work contribute lo these. Externally. we continLwI to lead on and particwte in key and regional str*e9￿ and operational netsvorks and to contftbute to consultal￿n$ and polw initiatives on issues affecting our refugee and migrant Senri￿ users, especialty in relation to the issues of M￿rant homelessness and the conditions and issues expeiienced by newty arrived asylurn seekers- including unaccompanied asylum-seeking children - being housed in a growing number of'conlingerw hotds in the erty and region. We ¢ontinued to priorit15e staff wellbeing in the afternalh of Covid. with a number of staff events and workshops focussing on h(M to manage the stress and demands of fronuine work. and ongoing provision of clinical supeiwsion all client-facing staff. And we were thrilled to welcome Little Amal. the 2m Syrian refugee puppet has travelled across the worbj lo spread her message of hope ond hurnanity. lo Voices. Page 4 Voices in Exile Twstees. Report Fundraisin disclosures The trustees are aware that the funding landscape remains a ¢halJenging one. and that again this year we have relied largety on fvnds carried foThvard to maintain some of our Core services. Nevertheless, instead of the antscipated deficrt we were able to maintain a small surplus of £58,227 12022 £64,931) and ended the year canwng fopAard assets of £738,184 (2022 £679,957. wth unreslrided funds of £377,239 in line ￿ our reseNes tsrget (including desKJnated lunds of £90.1801. The truslees consider this a good outcome in the Circumslances. The trustees are pleased to note that we are shJvly increasing the proportion of unrestricted fvnds lo enable us the greatest fiexibilty Fn ￿SPOndIng to staffing and delbvery needs", but a￿ aware that there is Currenlty hugety In￿ased competition for fe•ver available fvnds. We wnploy ngorous budgetsry controls to manage the assets of the charty. Trustees would like to thank the following for their generosty in funding the work of VIE over this year.. . AB Charitsble Trust . Brighton & Hove Cty Council 81itish Red Cross . Enjoolala Foundation Glasspool Flexible FrontFine Fund Lloyds Bank Foundation Pathway Homeless & Inclusion Health Paul Hamtyn Foundation National Lottery Cost of Lmng Fund . Real Junk Food Project . Refugee Homes Ltd. . Sodexo Let's Stop Hunger . Society of the Holy Child Jesus . Sussex Communrty Foundation And a nijmber of significant irKlividual donors ￿ small ILxal communty grants- thank you. Publi¢ b6+nefit The objectives of the charty fall wrthin the criteria of SeCt￿n 3111{a), 3(1)Ihl and section 3{1}Q"l of the Ch8rities Ad 2011 and thereby the c￿an￿tiOn, which has been established for charitable purposes, is for public benefiL The trustees confirm that they have complied with the requirement$ of se¢tion 4 of the Charities Act 2011 to have due regaid lo the publt benefft gUid￿ce published by the Charity Commission for England and Wales. Golng concern The dedication of the Chanvs empbyees and vc4vnteer5 together wrth rts wedible funders meant that the Charty navpaated the Cow&19 globaj pandern￿ very well as we evenlualty shook off ils final impacts in 2022. The inVaS￿n of Ukraine by Russia has not impacted the charitys ability to oper*e and the Twstees do not consider this a signfficant risk that could impact going ¢oncem. The continued support of key funders and the plans to seeuTe new funding streams has meant that the Trustees consider the Charity to remain a going concem. Page 5 Volces In Exl Trustees. Report Tfustees and offKe The trustees and officers serving during the year and since the year end were as foll￿*Vs.. Trustees.. Mr Adam James Saddler Hidtie Ms Catherine O'Donnell Mr NichoLas Mr Alexander Sutton Mr Andrew Martyn Jackson Ms Jyoti Kakad Structure, govefnance and management Financial instruments Ob ectives and 01￿￿eS The charivs activities expose it 10 8 nurnber of financial risks including credrt risk, cash flow risk and liquidty risk. The use of financial derivatives is govemed by the chanvs policies approved by the board of trustees. whKh prowde written principles on the use of financial derivatives lo manage these risks. The charity d¢es not use derivatNe financial instruments for specuLative pU￿oses. Risk mana emenl The trustees review the major risks that the chanty faces on a regular basis and believe that maintaining reserves al suffiC￿nI levels, combined with an annual review of the controls over the key ffinancial systems, wdl provide sufticienl resources in the event of adverse conditions. The trustees have also examined the other ope1al￿nal and business risks faced by the Charity and confimi that they have esta￿1shed systems to mf(igate S￿nif￿ant iisks Whe￿ they are identsfied. Credil risk The ¢haritys principal financial assets a￿ bank balances and ¢ash and trade and other receivables. The charitys credrt risk is primarily attribLrtable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful re¢eNables. An allowance for impaimienl is made where there is an identrfied loss event which. based on prevws eyperience. rs evidence of a reduction in the recoverabilty of the cash fltrws. The charity has no signthcant concentration of credit risk, with exposu￿ spread over a lar9e number of counterparties aThJ customers. Statement of twste¢s' responsibilities The Iruslees (who are also the directors of Voices in Exile for the purposes of company lawl are responsible for preparing the Iruslees. report and the finanaal statements in accordance wth applicable law and Uni(ed Kingdom Accounting Standards (Unrted Kingdom Generally Accepted Accounting practi￿), including FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of IrelarKI" Company law requires Ihe trustees to prepare financial statements for each financial year. Under company law the truslees must not approve the financia] slalements un￿SS they are satisfied that they give a true and fair view of the stale of affairs of the charitable company and of the incoming resources and appliealhjn of reSoUr￿s. induding rts income and expenditure. of the charrtable company for that period. In preparing these ffinancial slalements. the trustees are requi￿￿ to.. select sui18ble accounling pc4ic*s and appty them consistenty. obseNe the methods and principles in the Charities SORP. Page 6 Voices In Exile Trustees. Report make judgements and estimates that are reasonable and prudent.. slate whether applicable accounting stsndards. comprising FRS 102 have been fotlow&Y, subject to any mateaal departures dtsclosed and explained in the financial stslemen15,' and prepare the financial ststements on the going ￿n￿rn basis unless rt is inappropriate lo presLTrme that the charrtable company will conts.nue n busines$. The trustees are ￿ponSIble for keeping proper ￿oUntIng records that ¢an di￿k)Se wth reasonable accuia¢y * any time the financial position of the charitable company and enable them to ensure that the financial statemenls compty wrth the Companies Act 20L%. They are also responsible for safeguarding Ihe assets of the charrtable company and hence for taking reasonable steps for the prevention and detection of fraud and othef irregularrt*s. The trLrstees are ￿SPOnsIble for the maintenance and inlegnty of the corporate and finanryal information induded on the ehawrtable companls websrte. Legislation goveming the preparation and dissemination of financial ststements may drffer from ￿l$latIOn in other jurisdictions. The annual report was approved by the Iwstees of the charity (m 9 July 2024 and signed on ils behalf by.. da tee James Saddler Hickie Page 7 Vol¢¢s In E¥ Indep•nd•nt EX•mIn￿ R•portkn th•trwlws 01volc￿ In Eth llhpC(Mnp*tyl I reFQrt to the eharity trustse$ on my ejwrdnaticn ofthe ￿0)Urts otthe Ccmpary fv the ypwended 31 DKembor2923. Ilesponslbilili¢s and b* ol report arn rwonsiblo for the rryyara.on (rf Ihtt x¢xJunls in 8Ef4xdw ￿ tht r•4LifEm?nts OF Ihe Companies Ad 20C6 2trJS W. Havyw satisfied IJAI IP* 8CO)urts ofth8 c￿tI￿anY we to LE urtrjw Pat 16 clthe 20C6 Adand ￿)er#￿ent &¥¥filna￿n. I rtpjrt ti7 respeL* of try exwrfjnation ofyour ¢haritys ac£ounts a5 carr*d rjjt undw Se(ji￿ 145 of chth.es Act 2011 llhe 2011 A(*). Sectb￿ 1445llbl olthe 2011 Ad. Indep￿9nt0Xarnl￿￿ts 4tthn*nl Since the Compatys 9mss *Kon* exi*eded r250.CO) ywr ￿rniner rrw51 be a member of a bts( li$led in Sect￿ 145 of the 2011 ACL l thal l am qualrftd tr¥ undertkn thè exanHiab bE¢aUSO l am 8 mwnber£lAs¥*Iatw￿ d Chartered Atcwtsrts. ie ￿ of thp ￿$ted bDth"es. ith the examination giving m Gause tobekn.. 1. *countirvJ records *v• kept in rE5ped ￿V¢kn in E>3kg as reqthl ty 386 rf 1 2(￿ Art 3. the account$ dD not cotrpty th Ihe r*qLu￿rnenls ol section YJS ol tho 20C6 Ad other IFban aTry raquryrEnt th* lh8 ac¢c4Jrts we a Irue l•r ks not a matter eonsthred as part ofan indwrKl8nt exanW￿., or 4. th• accounts have nrl been in Act(xd*te the and pfft¥pks cl Ibe statement of P￿t￿e ft¢ act￿jntiry repc*ling by chai#ies lappknbb te art)licabTe ￿ the UK Rep￿¢ of Ireknd (FRS 102)P I ha¥e n¢ eoncwns and hmt corr¢ aYLW M L*her m*ts i) Iho to attention be dr*Jn tn thi5 repcd n othr to en*>lo a pruper urKlersl8rthg ¢1 Ihe to be reathed. on bèh8ff ofLohur & Cu Lld Chartered Certffwd Acojurtsnts RegistM*JA￿jft￿s 35 Ne* England Real Biwhton E8St Sussex BN14GG Voices in Exile Statement of Financial Activities for the Year Ended 31 Decernber 2023 (Including Income and Expenditure Account and Statemeni of Total Recognised Gains and Losses) Total 2023 Total 2022 Note Unrestricted Restricted Income and Endovnnents from: Donations and legacies Charitable xtivit*s other Ir￿ing actiwties 211.299 157.428 317.361 368.727 317,361 11X) 348,736 268,908 100 Total Income 211.399 474,789 686,188 617.644 Expenditure on: Raising funds Charitsble actNitses (55) 191A84 1551 627.9061 1536h22) 1552,7121 Total Expenditure (91.$39 1536.422) {627,961) 1552,7121 Net incomellexpenditure) Transfers be￿een funds 119.860 1111.0411 {61.633 111.041 58.227 64,932 Net movement in funds 8.819 49.408 58.227 $4,932 Reconclllation of funds T¢)tal funds brought forward 368.420 311.537 679.957 615.025 Total funds carried forward 19 3TI.239 360.945 738.184 679.957 All of the charity's activities derive from eonlinuing operations during the above two peitijs. The funds breakdown for 2022 is sh(r￿ in note 19. The notes on es 12 to 25 fomi an int ral art of these financial stslemenls. Page 9 Voices in Exile {Reglstration nurnber: 068915971 Balance Sheet as at 31 December 2023 Nole 2023 2022 Fixed assets Tangible assets Cuffent assets Stocks Debtors Cash al bank and in hand 13 4.883 3.075 14 15 16 309 162,564 618.035 177,292 598,100 780.908 (47,6071 775.392 {98.5101 Creditors: Amounts falling due within one year 17 Net current assets 733.301 676.882 Nel assets 738.184 679,957 Fund5 of the charity: Restricted 360.945 311.536 Unrestricted ineorne funds Designated Funds General Funds 90,160 287.079 252,411 118,010 Total unrestricted fvnds 377,239 368,421 Total fund$ 19 738.184 679.957 For the fina￿181 year ending 31 December 2023 the charity was enlrtkd to exemption from audit under SeCt￿n 477 of the Companies Act 2006 relab.ng to small companies. Directors. responsibilities.. The members have not ￿UIred the Charty to obtain an a￿lIt of its a￿￿nIS for the year in question in accordance with section 476.. and The directors acknowledge their responsibilitvès for complying with the requirements of the Act with respect to accounting records and the prepar*ion of accounts. The financial statemenis on pages 9 to 25 were wroved by the trustees, and aulhorised for issue on 9 July 2024 and signed on their behalf by. da ee James Saddler Hid( Trus The notes on es 12 to 25 form an inl ral art of these financial stalemenls. Page 10 Voices in Exile Statement of Cash Flows for the Year Ended 31 DKgrnbgr 2023 2023 2022 Cash flows from op•rating activities Net cash income 58,227 64,932 Adjustments to cash flovts from nonacash items Depreciation 1.462 934 59.689 Working capital adjustrnents Increase in stocks Decreasellincreasel in debtors {De¢reasellin¢￿a$e in creditors 14 15 17 (3091 14.728 150.9031 {96,8181 91,524 Net cash flows from operating activilies 23.205 60.572 Cash flows from investing activities Acquisitions of tangib￿ assets 13.270) 11,560) Net increase in cash and cash equivalents 19.935 59,012 Cash and cash equivalents at 1 January 598,100 539.088 Cash and cash equivalents at 31 1)ecefflber 618.03S 598.100 An of the cash flows are derived from continuing Operat￿ft$ during the above two peTthJs. The notes on es 12to25 fo￿an inl ral art of these financial stslemenls. Page 11 Voic¢s in Exile Notes to the Flnancial Statements for the Year Ended 31 December 2023 1 Charity status The charrty is lim)ted by guarantee. incory)oialed in England & Wabes, and consequentty does not have sh*e capital. Each of the tNstees is Ik8ble lo contribute an ￿0￿nt not exceeding £1 towards the assets of the charity in the event of liquKlats"on. The addiess of its registered offKe is.. 36 Upper Bedfoid Street Brighton England BN2 1JP These financial slalements were authorised for issue by the trustees on 9 Juty 2024. 2 A¢¢ounting polici Summ8 ofs nrficanl accountin ic*s and ke accounlin estimates The principal accounting policies applied in the preparat￿n of these financial slalements *e sel out below. These policies have b￿n consislentty applied lo all the years presented, unless otherwise slated. Stalemenl ofcom lance The financial slalements have been prepared in a￿(￿dance with Accounting and Reporting by Charities.. Statement of Recommended PraCt￿e (applicable to Charit￿$ preparing theif accounts in accordance with the Financial Repo￿"n9 Standard applicable in the UK and Republic ol Ireland IFRS 102)) lissued in October 20191- {CharrtJes SORP IFRS 102}l. the Financial Reporting Standard applicab￿ in the UK and Republ￿ of Ireland (FRS 102) and tr* Companyds Act 200S. Basis of aralion Voices in Exile meets the definitron of a public benefft entity under FRS 102. Assets and liabilrtEs are initially ￿COgniSed at historical cost or transaction value unless othemise ststed in the relevant accounting polw notes. G￿n concern The trustees consider that there are no m*erial un¢ertaintÈs about the charitls ability to continLte as a going concern nor any signfficant a￿a$ of uncertainty that affeel the eaffwng value of assets held by the charity. Income and endowments All income is recognised c￿e the charity has ents"Ilement to the income. rt is probable that the income will be received and the amount of the income receivable can be Measur￿ reliabty. Donations and I aues DonalK)ns are recognised when the charity has been notified in wnting of both the amount and settlement date. In Ihe event that a donation is subject lo conditions that require a level of performance by the charity before the chanty is entitled to the funds. the income is deferted and not recognised until erther those condilKJns are fulty met. or the ￿￿lIMent of those condition5 is wholly wrthin the control of the charty and rt is probable th* these conditions will be fulfilled in the reporting period. Page 12 Voices in Exile Notes tr> the Financial Statements for the Year Ended 31 D¢cember 2023 2 Accounting policies Icontinuedl Grnnts receivable Grants are reGognised when the charity has an entrtlernent lo the funds and any Conditions linked to the grants have been mel. Where perfom)an¢e Condrtions are atta¢hed to the 9rant and are yet to be met, the income is ￿¢09n1$ed as a liability and included on the balance sheel as deferred inwne to be ￿lease￿. Ex endilu All expenditure is recognised once there is a legal or ConstrL￿￿.¥e obligation to that expendrture. (( is probable settlernenl is required and the amount can be measured relrabty. Al costs are allocated to the applicable expendrture heading that aggfegale simiLar costs to that category. Where costs cannot be directty attributed to partKular headings they have been allocated on a basis consislenl wlh the use of resources. wrth central staff costs allocated on the basis of time spent, and depreciation charges allocated on the ports.on of the as5el's use. Olhef support Costs are alkjcaled based on the spread of staff costs. All resources expended are indusive of irrecoverable VAT. R&sin funds These are costs incurred in attracting voluntary income. the management of investments and those incu¥red in trading 8ctsvth.es that raise funds. Charitable activities Charitable expenditure comprises those costs incurred by Char￿ in the delivery of rts ath"vities and services for its benefiaaries. 11 includes both costs that be allocated directly to such actiwties and those costs of an indirect nature necessary lo support them. GTrnt y￿￿On$ PFOViSiOnS for gfanls are made vthen the inlentKm to rnake a gTant has been comrnunicated lo the recipient bul the￿ is urtsrtainty about either the of the grant or the amount of granl payab￿. rt costs Support Costs include central functions and have been allctated to activrty cost categories on a basis consislenl wrth the use of rescNJrce5. for example. alkcating propety c051s by ffoor a￿3$, or per capita, stsff costs by the Ivne spent and other costs by their usage. Governance costs These include the costs attn"butable to Ihe chaiivs cclnpliance wrth constilutiDnal and slatulory reqU1￿MentS. including audrt. strategic management and Iruslees meetsngs and reimbursed expenses. Govemment rants Govemment grants are reccyJnised based on the accrual mc*Jel and are measured al Ihe fair value of the assel received or ￿Ce￿ab￿. Grants are classffied as relating erther lo revenue or lo assets. Grants relating to ￿venue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are reeognised over the expected useful lrfe of the assel. Wherè part of a grant relating to an asset is deferred. it is recognised as deferred income. Ir￿cOVerable VA T lfteeoverable VAT is tharged against the category of resources expended for vthich it was incurred. Page 13 Voices in Exile Notes to the Financial Statemonts for the Year Ended 31 December 2023 2 Accounting policies {continued) Taxat￿n The charty is considered lo pass the tests set out in Paragraph 1 schedu￿ 6 of the Finance Act 2010 and therefore it meets the definrtion of a charitable company for UK ¢orporats"on lax purposes. Atcordingly, the ehanty is potentialty exempl from ts￿￿"On in respect of income or capital gains received wf(hin categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992. to the extent th* such income or gains are applied exclusivety to charitable purposes. Tan ible fixed assets Individual fixed assets costing £250 or MO￿ are inibally recorded al cost. less any subsequent accumulated depreciation and SLrbsequenl a¢cumulaled impaimenl losses. recialion and am(￿ls￿￿On DeP￿CIation is provided on tangib￿ fixed assets $0 as to WTrte off the cost or valuation. le￿ any estimated residual value. over their expected useful economic life as folk)ws'. Asset class Computer equipment Stock Stock is valued al the k)wer of cost and estimated selling price less costs to complete and sell, after due re9ard for obsolete and slow moving stocks. Cost is determined usirg the firsl-in. firsl*OUt {FIFO}. Depre¢iation method and rate 25Yo Straight line Trnde debtors Trade deblots are amounts due frcffi customers for merchandise sold or serV￿S perfomed in the ordinary course of bu5ines5. Trade debtor5 are recognised initi.ally al the transaction price. They are subsequenlty measured at amortised ￿st using the effective interest method. less provision for impairment. A provision for the impairment of trade debtors is established when there is objectNe evidence that the charrty will not be able to colleGt all amounts due according lo the orvjinal terms of the receiv**les. Cash and cash e uivalerRts Cash and cash equivalents comprise cash on hand and call deposits, and other short-lerm highly liquid investments that are readity convertible to a known amount of cash and are subject to an ins¥Jnrficanl risk of change in value. Trade creditors Trade credrtors are obligations to pay for goods or Serv￿ that have been acquired in the ordinary course of business from sup￿leTS. Accounts payab￿ are classrfied as Cuffent liabilrties if the charity does not have an unconditional righl, at the end of the reporting period. lo defer settSemenl of the creditoi for at least twelve months after the reporting date. If there is an unconditional right to ¢Jefer settlernent for at least twelve months after the reportiThJ dale. they are preserbled as non Adivty undertaken directly Activity support costs Total expenditure Advisory seNices Support services Other se￿￿e$ 125.019 233,465 229.392 14,517 20,811 139,536 254,276 229,392 Total for 2023 587.876 437.228 35,328 114.329 623,204 551,557 Total for 2022 In addition to Ihe expenditure anatysed above, there are a150 9ovemance costs of £4,702 12022 - £1,1 $51 which relate diredty to charilable xtivjt￿S. See note 7 for further delails. Page 19 Voices in Exile Notes to the Financial Statements for the Year Ended 31 December 2023 7 Analysis of governance and support costs Govemanco costs Unrestricled fvnds General Restricted funds Totsl funds Staff costs Wages and salaries Independent examiner fees Examination of the financwl statements Other govemance costs 3.183 3,183 720 799 720 799 Total for 2023 4.702 4,702 Totsl for 2022 813 342 1.155 8 Net incomingloutgoing resources Net incoming resources for the year include.. 2023 2022 Depreciation ol fixed assets 1.462 934 9 Tru$tee$ remuneration and expenses No Iruslees. nor any persons conne¢led with them. have re￿FVe￿ any remuneration from the ¢harity during the year. No InJslees have receive(l any ieimbursed expenses or any other benefils the Charity during Ihe year. Page 20 Volces in Exile Notes to Ihe Financial Statements for the Year Ended 31 December 2023 10 Staff costs The aggregate payToII costs were as follows.. 2023 2022 Staff ¢osts during the yoar were: Wages and salaries Pension costs Other staff costs 462.998 378,868 7.011 9,04S 5,4S7 477.454 394.924 The monthty average number of persons {[￿ludIng senKir managem￿1 I leadership team) emptyed by the charty during the year expressed as fvll trme equNalerts was a$ folk)ws'. 2023 No 2022 No Direct charitable a¢livities Administration 16 13 18 15 No employee received emoluments of mijre than £60.000 during the year. 11 Independent examinerfs remuneration 2023 2022 Examination ol the ffinancial ststements 720 720 12 Taxatlon The charity is a registered ¢harity and is therefo￿ exempl Irom taxatK￿. Page 21 Voice5 in Exile Notes to the Financial Statements for the Year Ended 31 Dectmber 2023 13 Tangible fixed assets Furnkture and equipment Total Cost Al 1 January 2023 Additions 4,28S 3,270 4,285 3.270 At 31 Decernber 2023 7.555 Depreciation At 1 January 2023 Charge for the year 1.210 1.462 1,210 1.462 Al 31 Decernber 2023 2,672 2.672 Net book value At 31 December 2023 4.883 4.883 Al 31 December 2022 3.075 3.075 14 Stock 2023 stocks 309 309 15 Debtors 2023 2022 Trade debtors Prepaymenls Accrued income Other debtors 102.455 6,633 46,633 6.843 5,350 7,149 157.234 7,559 177,292 Page 22 Volces in Exile Notes to the Financial Slatements for the Year Ended 31 December 2023 16 Cash and ¢ash equivalents 2023 2022 Cash on hand Cash at bank 75 598.025 617,977 618,035 598.11x1 17 Creditors: amounts falling due within one year 2023 2022 Trade creditors Other Lryxation and social secufty Other credrtors Accruals 13,358 9.248 5,876 10.466 1.785 80,383 25,000 47,607 98.510 18 Pension and other schèmès Defined contribUt￿n enS￿n scheme The chanty operates a defined contrFbulion pension scheme. The pension ¢osl tharge for the year represents contributions payable by the charity to the scheme and amounted to £8.999 12022 £7,011}. Page 23 Voices in Exile Not8s to the Financial Statements for the Year Ended 31 December 2023 19 Funds Balance at 1 January 2023 Balanco at 31 December 2023 Incoming Resources resources expended Transfers Unrestri¢ted General 116.010 252,410 211.399 191.539) 51.209 1162.250) 287.079 90.160 Designated Total unrestricted 368.420 211.399 {91.539) 1111.041) 377.239 Restricted 311.537 474,789 1536.422) 111.041 360,945 Total funds 679.957 686,188 {627.9611 738,184 Balance at 1 January 2022 Balance at 31 December 2022 Incoming Resources resources expended Transfers unrestricted General 211.1)43 133.811 169.126 173.1851 {190,974} 118,600 116,010 252.411 Designated Total unrestricted 344.854 169.126 173,1851 172,3741 368,421 Restricted 270.171 448,518 1479,5271 72.374 311,536 Total funds 615.025 617.644 1552.712) 679,957 20 Analysis of net funds At 1 January 2023 Financing cash flows At31 D￿eMber 2023 Cash al bank and in hand 598.11)0 19,935 618,035 Net debt $98.100 19.935 618.035 Page 24 Voices in Exile Notes to the Flnanclal Statements for the Year Endgd 31 De¢ember 2023 20 Analysis of net funds (continued) At 1 January 2022 Financing cash flows At31 December 2022 Cash at bank and in hand 539.088 59.012 598,100 Net debt 539.088 59.012 598.100 21 Related party transactions There were no related paty tranSaCt￿n$ in Ihe year. 22 Analys￿ of net assets between funds Unrestricted General Designated Restricted Total lunds Tangible fixed assets Cufrenl assets Current liabilibes 4.883 780,908 (47.6071 329,233 147.607 90.160 361.515 Total net assets 286,509 90,160 361.515 738.184 Unrestricted General Designated Restricted Total funds Tangible fixed assets Current assets Current liabilities 3.075 211,447 198.510) 3,075 775,392 198.5101 252A09 311.536 Total net assets 116.012 252.409 311.536 679.957 Page 25