THE EAST MANCHESTER COMMUNITY ASSOCIATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Registered Charity No. 1131060 THE EAST MANCHESTER COMMUNITY ASSOCIATION INDEX PAGE NUMBER CONTENTS TRUSTEES ANNUAL REPORT 17 INDEPENDENT EXAMINERS REPORT 18 STATEMENT OF FINANCIAL ACTIVITIES 19 BALANCE SHE 20 STATEMENT OF CASH FLOWS 21-30 NOTES TO THE ACCOUNTS THE EAST MANCHESTER COMMUNITY ASSOCIATION Report of the Trustees for the year ended 31 March 2024 The Trustees present their Annual Trustees, Report and financial statements of the charity for the year ended 31 March 2024. The financial statements have been prepared in accordance with the accounting policies Set out in note I to the accounts and comply with the charity's trust deed, the Charities Act 2011 and 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 published (FRS 102} (effective l January 2019). Charitable Objerts The objects of TEMCA are: l. To provide or assist in the provision of facilities to promote social welfare and wellbeing mainly but not exclusively for refugees, asylum-seekers and other vulnerable migrant groups. 2. To do this through: a} The relief of financial hardship b) Provision of information and advice c} The promotion of physical and mental well-being d) The provision of training and employment opportunities e) Any other measures as appropriate 3. To advance the education of the public in general about issues relating to refugees and those seeking asylum. 4. Such other charitable purposes as trustees may from time to time determine. The area of benefit is Greater Manchester. Rainbow Haven is TEMCA'S sole project. Rainbow Haven provides support and opportunitie5 for asylum-seekers. refugees and other vulnerable migrants; thereby TEMCA furthers its charitable purposes for the public benefit. Trustees confirm that they have referred to the Charity Commission's guidance on public benefit when reviewing the charitvs aims and objectives, planning future activities and setting the policies for the year. Governance The East Manchester Community Association (also known as TEMCA) is a charitable incorporated organisation. It is registered with the Charity Commission (1131060) and is th constituted under a Trust Deed dated 25 January 2023 and amended on 24 April 2023. THE EAST MANCHESTER COMMUNrrY ASSOCIATION Appointment of Trustees As set out in the Articles of Association, Trustees are elected annually by members of the charitable company attending the Annual General Meeting and serve for a period of three years. This is renewable for a further two terms. A Trustee who has served for three consecutive terms may not be reappointed for a fourth consecutive term but may be reappointed after an interval of at least one year. Four Trustees have lived experience of migration. Trustee Induction and training Trustee recruitment involves an informal interview with two members of the Trustee board, who make a recommendation to the full Board. Trustee induction takes place following appointment and Trustees are regularly encouraged to take up additional training opportunities. The Board has adopted a Code of Conduct based on Nolan principles which all Trustees are expected to adhere to. At each Board meeting Trustees are asked to declare any conflict of interest relating to items on the upcoming agenda. A register of potential conflicts of interest Is maintained and reviewed annually. Trustees and staff held an Awayday during the year. During the morning staff and Trustee5 were able to get to know each other better," the afternoon was devoted to Board development, facilitated by a member of Salford CVS. Organisation The Board of Trustees administers the charity. The board normally meets every six weeks, alternately on line and in person. The Joint CEOS are appointed by the Trustees to manage the day-to-day operation of the charity. Trustees and senior staff regularly review key organisational policie5 such as safeguarding, data protection, equal opportunities, finance and health and safety. Lead Trustees have been designated responsible for oversight of Rainbow Haven's Safeguarding Policies for Adults and Children. Finance; Health and Safety. and Equality and Diversity. The Board has a joint staffrrrustee Finance Sub-committee which provides regular oversight of the charity's finances. During the year, Natalie Shahin and Jennifer Fung were appointed Trustees. Colin Taylor, one of the founding Trustees of TEMCA, retired. We are very grateful for the help and support he gave to Rainbow Haven over many years. During the year Cath Maffia resigned as Vice Chair and was replaced by Hazel Batchelor. Another Trustee, Natalie Shahin resigned for personal reasons. THE EAsf MANCHESTER COMMUNITY ASSOCIATION Related parties and cooperation with other organisations None of our Trustees receives remuneration or any other benefit from their work with the charity. Any connection between a Trustee or senior manager with any provider of services to the charity must be disclosed to the full board of Trustees in the same way as any other contractual relationship with a related party. In the current financial year, no such related party transattions were reported. Our year Achievements and Performance Our mission is to ensure every individual we meet experiences a warm welcome and practical support to navigate complex systems. live with dignity and build safei productive lives. Rainbow Haven provides a place of welcome, safety, support and community to asylum seekers, refugees and vulnerable migrants in East Manchester. Founded in 2003, over the past 20 years we have grown in line with the changing needs of the people we support and the changing external landscape, building a reputation for quality, tenacity and reliability across the sector. Mash'Allah, an inspirational place. You can see the benefits that this organisation brings to the community and to the locol authority, crossing over the voluntary, statutoryi charity sectors and more. An amazlng project, Sohale Ahmed. guest at 2@1 celebration event The people we support are often traumatised by their experiences; even after obtaining refugee status many continue to suffer isolation and social exclusion and have to manage multiple practical difficulties to build their new lives in the UK. They have lost family, friends and culture and these losses are aggravated by poverty, poor health and language barriers. On a daily basi5 we see people experiencing destitution, poor housing, family separation, perinatal difficulties, poor health, trauma and multiple barriers to accessing services. Demand for Rainbow Haven's services has continued to grow, reflecting an increasingly hostile and constantly changing asylum system. ongoing cost-of-living pressures; acute shortages of affordable housing," growing mental health problems (including acute anxiety generated by the Rwanda policy)," and the direct and indirect impact5 of wider global conflicts (eg in Sudan and Palestine). In addition to increased demand, people's need5 are increasingly complex. We support people for as long as they need us, from arrival to integration into UK communities. Our team of 9 staff has remained remarkably stable; we are indebted and grateful for the outstanding contributions they make to the ethos and impact of Rainbow Maven. Following the disruption of the pandemic, the emphasis this year was on consolidation and building financial and staff resilience. Our two Joint CEOS, Rachel Foakes (Joint CEO Operations) and Kate Wilkinson (Joint CEO Strategy, Finance and Partnerships) have complementary areas of expertise and experience in the refugee and charity sectors and together have provided THE EAST MANCHESTER COMMUNITY ASSOCIATION expert management. During the year Rachel Foakes significantly reduced her working hours before retiring in February 2024. Rachel had been involved with Rainbow Haven for many years and we are very grateful indeed for her calm, sensitive and thoughtful approach to managing the service and supporting staff. Trustees reviewed Rainbow Haven's management and were delighted to have been able to recruit a replacement Joint CEO (Operations) at significantly increased hours. Advertisements placed with Charity Jobs, the Guardian and through local networks generated over 20 applications; 5 shortlisted candidates were interviewed by teams drawn from staff and Trustees plus an external observer. We were delighted to appoint Heather Heathfield-Porter who joined Rainbow Haven in February 2024. The TEMCA Board has continued to provide strategic oversight and to benefit from Trustees, wide range of expertise and experience. 20 Anniversary The highlight of the year were two days of celebrations marking Rainbow Haven's 20 'anniversary' in October. Representatives from statutory and voluntary sector partner organisations, supporters and friends were invited to share food, music, dance and displays showcasing Rainbow Haven's achievements. Organisations from across sectors were represented, including councillors, NHS and social care staff, local pharmacists, charities, freelance colleagues, volunteers, former seniice users, and people from the local community. Over 300 organisations and individuals were represented over the two days. We enjoyed global music and food and took part in a communal Dabke session. The friendship, support and gratitude that wa5 manifest during the celebrations contrasted with the many challenges faced by refugees and asylum-seekers and the organisations like Rainbow Haven that seek to support them. th 'What a wonderful event. epitomising Rainbow Haven - warm, welcoming, safe and inclusive" CEO Home Start Manchester Rainbow Haven hos been the go-to place fvr all newcomers for the last 20yrs. You have solved thousands of problemsfvr thousands of people. Well donelll NHS portner Our Services Rainbow Haven operates an open access drop-in session on Tuesdays and Thursdays, with further advice session5 and follow-up casework, a wide range of learning and wellbeing acllviries, and addirional proJcct work tQ SK4pport famtr accommodated in contingency hotel accommodation taking place throughout the week. People attending on drop-in days receive a warm welcome and a free, healthy meal in a friendly, communal setting, with food supplied through our on-going partnership with Fareshare; our meals always include vegetarian, vegan and halal options and a range of roun•ons and 3sylum-seekers THE EAST MANCHEsfER COMMUNITY ASSOCIATION cuisines to make people feel at home. Our staff team is multr-lingual, including Kurdish Sorani, Tigrinya, Amharic, Urdu, Arabic, Spanish, Farsi and French speakers. we can access additional interpreting services if needed. We welcomed over 1300 people to Rainbow Haven during the year. Specialist Information and advice Provision of culturally appropriate, multilingual specialist advice is our core Service. Our reputation locally and across Greater Manchester has continued to ensure consistently high demand. We support, and speak to, every person coming to Rainbow Haven,. we triage people according to the naturelurgency of their problems and to ensure we can provide help in their preferred langua8e. However, given our limited capacity, occasionally we have had to manage waitin8 lists. encourage people to come to the next drop-in session if it is not an emergency; or signpost them to other organisations. Our team help with welfare benefits, debt, destitution, immigration, housing and health problems; additional specialisms within the team include family reunion and domestic violence. We provide emergency help for those in crisis, for example because of domestic violence or destitution. Our service benefits from the expertise of three experienced caseworkers,. all are multilingual, two have lived experience of forced migration and one is a qualified social worker. Rainbow Haven is an OSIC accredited organisations. We have also trained a number of volunteers to provide entry-level advice, for example, help with submittingwelfare benefit claims. Volunteers undertooktrainingwith a partner organisation, MIND, to further strengthen their advice knowledge. During the year we provided placements for 4 social work students who also contributed to the work of the team: "I spent time at Rainbow Haven as a student. What an omozing heart-worming organisationl Keep doing the amazing things you do". Siobhan. student This year our information and advice service supported around 1200 people, 40% of who were new cases. We have seen significant increases in new cases {average 10 per drop in session); in problems relating to housing and homelessness. and in more complex problems that require extensive follow-up casework. We hosted regular sessions with solicitors from Greater Manchester Immigration Advice Unit who supported an additional 150 asylum- seekers; and with specialist advice workers when needed, for example from Greater Manchester Coalition for Disabled People. During the year the North Manchester Community Partnership allocated us an additional temporary adviser. The pilot Home Office/Greater Manchester Refugee Transition Outcomes Fund provided weekly houslng advice for peopl¢ who had received a positive asylum decision, supported further by the Boaz Trust. We noted a 78% success rate in resolving clients, initial advi￿ enquiries over thi5 year. THE EAST MANCHESTER COMMUNITY ASSOCIATION Case study Lulu Lulu is from Tunisia. married to an EU national who is originally from East Africa. When we met Lulu., she was living in B&B accommodation as she had fled domestic abuse. She was referred to Rainbow Haven (RH) by the Local Authority Temporary Housing Team. She was from a mountsin village, had only completed 2 years of school and did not speak English. The RH team's first priority was to ensure she had access to emergency financial support. We arranged a food parcel of snacks and fruit, as she had no cooking facilitles. We made a referral to a partner agency for nappies. baby milk, clothing and a pram. A RH social work student supported Lulu. to navigate Universal Credit and to open a bank account. We advocated with the local authority Children's Services on her behalf and with consent, as they had a statutory duty to ensure the family had adequate nutrition. To fultil this duty, they were sending Lulu. to a food bank. who could not take into account her lack of cooking facilities. We worked with them to provide short term emergency financlal support under the Children's Act while we liaised with the Job Centre and explored other charitable bodies who could potentially help. Lulu was moved to temporary accommodation in a different local authority, not local to RH. We recognised that this would increase her isolation and worked with her new local Homestart and Early Help services to provide her with support. We also connected her to online activities and provided data so she could access online I:1 English classes. Lulu told us how welcome RH and the team had made her feel. She said when she found RH ￿hiS is the happiest day I've had since I came to England. not her real name Contingency Accommodation Support In a partnership led by Caritas and funded by Manchester City Council, we built on the support we have provided over the past 3 years to deliver an improved sep4ice for asylum- seekers housed in a large local hotel which accommodates up to 500 individuals and families, often for long periods of time. We provided information about local services and facilities and distributed vital donations of clothes, baby equipment and travel passes. Staff attended a seminar on safety and security when working in asylum-seeker temporary accommodation delivered by Hope not Hate. With other organisations working in the hotel and our own social work students and volunteers, we contributed to wider social and wellbeing activities for hotel residents. "Mohammad's generosity in coordlnatlng bus passe5 for asylum se£ker3 1• truly commendable. His actions not only alleviate financial burdens, but also brings immense joy to those he supports, ensuring their children can access education without hindrance. His kindness is making a meaningful difference in their lives". Serco stsff THE EAST MANCHESTER COMMUNITY ASSOCIATION 'Thank you for providing me with bus tickets every week. You have helped me with transportation as I don't have any money to get on the bus. I go to School because of your support. I meet friends and family because of your supporv,. Asylum seeker Well-belng and sociol artivities Our programme of activities aims to promote mental and physical well-being; encourage social connectedness and supportive friendships; and boost self-confidence. Supported by funding from Our Manchester, Manchester City Council and the National Lottery Community Fund, our activities programme is reviewed quarterly in response to service user feedback and to new opportunities offered by local organisationslfreelancers. During the year, over 300 asylum seekers and refugees benefitted from our social and well- being activities. These included a choir, gardening group, trauma-informed yoga, art and crafts and volunteer-run English and Maths classes. A sewing group produced a patchwork th quilt for our 20 Anniversary. We set up a walking group for women in partnership with Grass Routes CIC; and a Dabka Dance group for men with a freelance dance teacher, funded by Manchester Active. A new initiative of the Greater Manchester Health and Social Care Partnership to promote culturally appropriate mental health services enabled us to run well- being courses for men and women whose mental health was at risk. These included asylum- seeking men in temporary hotel accommodation who were at particularly high risk of anxiety and depression,. and a group of women with new babies who were at risk of social isolation and poor mental health. The success of these groups led to funding being continued for a further year. Case study Fatoumats first came to Rainbow Haven in March 2023. She has Since come regularlyi to take part in the choir run by Music Action International, learning new songs from a variety of countries. She had been in the UK for 5 months before coming to us. The sessions give her an opportunity to practice the music she loves. In my country Senegal at school ... I was a choir leader singing in English" Fatoumata also said "I make many friends in music sessions . The music sessions help her to keep motivated during her studies. She is attending college to improve her English language skills in order to find a job or go to university in the UK. Family Reunion In partnership with Just Psychology and Together Now, we supported 85 families to navigate the trauma and difficulties of reuniting following separation during the asylum process. We worked with families before they arrived in the UK; on arrival, we ensured a warm welcome and that basic needs of housin& financial sUPPOrt, health and education were met so that THE EAST MANCHESTER COMMUNITY ASSOCIATION families could adjust and stabilise as quickly as possible. The other partner organisations provided psychological and parenting advice, including groups for parents and teenage children. Destltution support We acted as a referring agent to local foodbanks and, through partnership with British Red Cross and Stepchange, we ensured people experiencing destitution or with no recourse to public funds could access food parcels, bus fares and small cash payments for short periods of time. We secured additional funding from the National Lottery Community Fund's Cost of Living initiative to reduce the impact of the cost of living crisis through provision of additional food parcels, increased capacity to provide specialist advice and support towards the increased cost of grocerie5. Mama & Baby Group We continued to provide peri- and post-natal support through our popular weekly Mama and Baby group; 40 women attended over the year. Peri- and post-natal outcomes for this cohort are significantly worse compared to the general population, so it is critical to remove barriers to knowledge about, and access to, healthcare. The sessions reduced isolation for peri- and post-natal mothers and their infants and gave health professionals the opportunity to share advice and support with this hard-to-reach group. With support from Manchester Active, we were able to pilot a follow-on Stay and Play group, enabling mothers with older preschool children to maintain social contact and support. Other health-related activities included visits from dentists and a local pharmacist to check blood pressure and medication. This year our family services received support from the Trusthouse Charitable Foundation. Accessibility We continued to offer a free, on-site creche so that parents (particularly women) could access the full range of Rainbow Haven activities. The creche provides a safe environment to play and learn; as it is often the first-time parents have left their children, it also helps prepare them for nursery and preschool. We were successful in securing funding from Children in Need to expand the sep4ice and purchase much-needed equipment. We held our annual picnic in the park with games and food. Lots of people joined in the fun, Includins families. Particularly popular wero balancing across a slack line and the badminton tournament. THE EAST MANCHESTER COMMUNITY ASSOCIATION Volunteering and employment Our volunteer programme has continued to have two important functions: to provide support to a much bigger group of refugees and asylum-seekers than would otherwise be possible by our paid staff alone; and to offer new opportunities for the volunteer5 themselves. Our volunteers provided additional capacity, language skills, cultural competency and knowledge. We could not achieve the impact we do without their support. Our Activities and Volunteer Coordinator has continued to provide a volunteering programme with opportunities across all areas of our work: administration, advice, ESOL, digital skills, maths club, gardening, work club, kitchen, reception and general volunteering. We have supported over 50 volunteers, 80 per cent of whom have lived experience of the asylum and refugee system; together they donated a massive 4800 hours. Some volunteers have been able to move on to new opportunities of education, training and work. Funders, including the Charity Service, have provided much needed support for our volunteering programme. To ensure volunteering continues to be mutually beneficial we have: Reviewed and restructured the volunteering programme in consultation with volunteers. This has ensured better I:1 support and training to help volunteers move on to further training and employment opportunities. Supported volunteers in accessing a Manchester VolunteerAdvice Partnership training course in Advice and Guidance. Run a volunteer forum, attended by 12 volunteers. This is an annual event. Taken part in a MIND initiative training volunteers to give basic welfare rights advice. Supported corporate volunteering. for example, a team from another refugee charity spent a morning at Rainbow Haven tidying up the garden. The strength and value of our volunteer programme was recognised in March 2023 when we were finalists in Manchester City Council's Be Proud Awards; we were awarded the 'Promoting Diversity and Equality Award, We also received a participation award from Our Openshaw. During the year, Manchester City Council provided funding for a rolling programme of two work experience 'paid placement5'. Paid at Real Living Wage levels, these placements leach for 14 hours per we•k over g months) off@r structured first experiences of the English workplace, often to former volunteers. One placement was in our kitchen, the second provided administrative support to our Activities and Volunteer Coordinator, freeing her to develop a streamlined volunteer programme with appropriate training and progression. 10 THE EAST MANCHESTER COMMUNITY ASSOCIATION Rainbow Haven Work Club A crucial stage in the journey to settling in the UK is finding paid employment. language is often a key barrier. We continued to help those with refugee status obtain new skills and access employment. In partnership with Refugees & Mentors and freelancer staff, and funded by Manchester City Council and the Thomas Wall Trust, we delivered a quarterly programme of skills and learning sessions: A volunteer-run maths group for women ran for 22 sessions and attracted 48 students. We ran several ESOL classes for beginner and intermediate learners; these were our most popular classes, with over 70 people attending over 28 sessions. Volunteers from the University of Manchester ran an informal conversation club for more advanced English speakers, while two more volunteers ran a vocabulary and writing practice class. A former volunteer now working as a freelancer ran group sessions for people to learn basic computer skills. Several other volunteers were also involved, to cover all community languages. 30+ people attended over 15 sessions. In partnership with Refugees & Mentors, we ran a Work Club, helping people to understand and navigate the UK employment market, from job searching and preparing Cvs to linking with local employers. Due to the ongoing success of this project, we have secured funding for another 2 years. We secured funding to run two 6-week employability courses Wider partnerships We continued to participate in the three-and-a-half-year Step Change project funded by the National Lottery Community Fund and coordinated by Refugee Action. Step Change brings together Rainbow Haven, other Greater Manchester refugee charities and the Greater Manchester Combined Authority. It aims to develop a joined-up, sustainable ecosystem of support for refugees and people seeking asylum across the city-region. Our involvement in Step Change has placed Rainbow Haven firmly within the wider network of refugee and asylum-seeker support organisations in Manchester and the wider city region. Our voice, and that of the Experts by Experience group supported by Stepchange, was also heard on influential forums such as the Vulnerable Migrants network, NHS Clinical Commissioning Groups and at the 'Migrant Exchange. national forum led by Refugee Actlon. 5tepchange'5 on-going evaluation has shown that we are already on target to meet many of the programme outcomes. The partnership is now working to sustain the Stepchange initiative for a further term. 11 THE EAsf MANCHESTER COMMUNITY ASSOCIATION We have continued to work with numerous other partner agencies to extend the range of services and activities we can offer refugees and asylum-seekers. We are grateful to the United Reform Church, which continues to be a very sympathetic and supportive landlord. Staff wellbeing and development Free from the urgent pressures of Covid, there wa5 time thi5 year to invest in our staff team and focus on staff well-being and development. Regular specialist supervision continued for the advice team, who encounter many distressing situations and complex problems on a daily basis. The Joint CEOS provided individual and team sUPPOrt to strengthen the team and ensure they could deliver high quality services in a working environment that also promoted their well-being. A staff day out in Manchester with a guide and quiz was followed by a team- building session. Additionally: Frontline staff received regular clinical supeniision Weekly team meetings, supervision and appraisal provided opportunities to share and learn. We were reaccredited as a Real Living Wage employer. Any recruitment was carried out using Safer Recruitment processes There were also opportunities to invest in staff training and development: One of the advice team completed the OISC Level I course before applying for OISC registration. Three caseworkers and five advice volunteers attended a half day training session on HIV/AIDS awareness delivered by George House Trust. The Activities and Volunteer Coordinator undertook training in staff supervision, to boost her skills and confidence in supervising the new Activities Support Worker 'paid placement, worker. A member of staff updated his Food Safety and Hygiene qualification to provide back- up help in the kitchen. A programme of regular I:1 supeniision and development meetings between the Joint CEO (Operations) and each member of staff was initiated. Four members of staff trained as Fire Wardens and a fire safety inspection was carried out. 12 THE EAST MANCHESTER COMMUNITY ASSOCIATION Summary of outcomes and impact Our specialist Advice and Information team supported 1193 individuals. The kitchen team (one member of staff plus volunteers), provided 8400 meals, average 175 meals per week, using food initiatives such as Fare Share. We supported 85 families to navigate the trauma and difficulties of complex family reunion processes. 54 volunteers, 810A of whom had lived experience, added capacity, skills and cultural knowledge and donated a massive 4800 hours of help. 360 asylum seekers and refugees took part in social and wellbeing activities 150 asylum seekers and refugees improved their skills by attending courses and other learning opportunities. Two former volunteers took up paid placement opportunitie5 at Rainbow Haven 40 peri- and post-natal mums attended our Mama and Baby group. We provided I:1 sUPPOrt on site during drop-in sessions, in partnership with NHS professionals and held targeted mental wellbeing groups with clinical 5UPPOrt. In partnership with Red Cross, we provided 300 destitute people with emergency support. We provided weekly support to 500+ asylum-seekers, including many families, in hotel accommodation. Our creche continued to provide a culturally appropriate early years setting. Financial review Total income for the year ending 31st March 2024 was £468,184 (2023 380,079}. Total expenditure was £390,620 (2023 £346,683). Restritted income was £283,71112023 £206,382) and unrestricted income was £184,473 {2023 £173,697). Unrestricted reserves at 31st March 2024 were £282,988 of which £52,325 were designated for closure costs. The free reserves figure of £230,175 met our reserves policy of at least four months running costs. As noted below we will be losing a major source of funding early in 2024125 and we have therefore built up our reserves to allow us to continue to provide our services whilst we seek alternative funding. A major source of funding came from the National Lottery via the Stepchange Initiative, which continues until the end of the tirst half of financial year 2024-2025. We also again received a substantial sum from an anonymous donor whose generosity has for some time helped us to provide a wider range of activities than would otherwise have been possible. We are very grateful to all our funders for their support and their recognition of the value of Rainbow Haven's work, particularly the Oglesby Trust, Garfield Weston Foundation and Lloyds 13 THE EAST MANCHESTER COMMUNITY ASSOCIATION Foundation, who have made significant contributions to our activities this year. We are a150 extremely grateful to the St Paul's and St John's United Reform Church, which continued to be a sympathetic and supportive landlord, particularly during the winter energy price increases. The success we achieved in fund-raising this financial year was largely due to our Joint CEO (Strategy, Finance and Partnerships). In the current climate all charities are finding fund- raising very challenging and it puts a tremendous strain on the charity's management, sometimes at the expense of other attivities. Financial governance. Our Finance subcommittee comprises the Treasurer, CEO (Strategy, Finance and Partnerships} and another Trustee with finance expertise. Investment powers and policy The charity hold5 reserves in deposit accounts and fixed term bonds. All funds are in accounts covered by the Financial Services Compensation Scheme. Reserves policy and going concern The balance held in unrestricted reserves at 31st March 2024 was £230,488 of which £230,175 are free reserves after allowing for funds tied up in fixed assets. Trustees aim to maintain free reserves in unrestricted funds at a level that equates to at least four months of unrestricted charitable expenditure, in addition to money designated for statutory redundancy costs. The Trustees consider that this will provide sufficient funds to continue the charity's core operations, including the submission of grant applications, and ensure that staffing, support and governance costs are covered. The Trustees consider that it is appropriate to prepare the accounts on a going concern basis and, consequently, the accounts do not include any adjustments that would be necessary if these sources of income should cease. Financial Risk management The major financial risk to which the charity is exposed, ie loss of funding streams, are reviewed on a 6 weekly basis as part of the Treasurer's report to the board of Trustees. Plans for future periods The charity's dependen￿ on grant funding is a concern in these very uncertain times, and we shall be looking at ways to diversify our income sources. 14 THE EAST MANCHESTER COMMUNITY ASSOCIATION Trustees The trustees serving during the year and since the year end were as follows: Mr K Affriyie Ms H Batchelor Vice Chair from October 2023 Treasurer from October 2023 Ms Anna Bennett Mrj Diatapakola Ms Katie Fernandez Professor C Glendinning Ms C Maffia Secretary Chair Vice Chair until October 2023 Ms JB Mutombo Ms Natalie Shahin Mr CB Taylor Mr AJ Tyrrell Ms J Hiu Wai Fung (appointed May 2023, resigned March 2024) (resigned October 2023) Treasurer until October 2023 (resigned September 2024) (appointed May 2023) Chief Executive Officers Ms Rachel Foakes Ms Kate Wilkinson Ms Heather Heathfield Porter until February 2023 from February 2023 Registered office 113 Abbey Hey Lane Gorton Manchester M18 8TJ Independent Examiners Community Accountancy Service Limited The Grange Pilgrim Drive Beswick Manchester MII 3TQ B2nkerg Co-operative Bank Balloon Street Manchester M60 4EP 15 THE EAST MANCHESTER COMMUNITY ASSOCIATION Manchester Credit Union Ground Floor Queens Court 24 Queen Street Manchester M2 5HX Saffron Building Society Saffron House, IA Market Street, Saffron Walden Essex CBIO IHX Vernon Building Society 19 St Petersgate Stockport SKI IHF Redwood Bank Limited The Nexus Building Broadway Letchworth Garden City SG6 3TA 16 THE EAST MANCHESTER COMMUNITY ASSOCIATION Trustees, responsibilities in relation to the financial ststements The charity trustees are responsible for preparing a trustees, annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Charity Trustees are required to prepare financial statements foi each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, includin8 the income and expenditure, of the charityfor that period. In preparing the financial statements, the Trustees are required to: Select suitable accounting principles and then apply them consistently; Observe the methods and principles in the applicable Charities SORP; Make judgements and estimates that are reasonable and prudent," State whether applicable accounting standards have been followed, subject to any material departures that must be disclosed and explained in the financial statements; Prepare the financial statements on a going concern basis unless it is appropriate to presume that the charity will not continue in business. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities. By order of the Board of Trustees. Professor C Glendinning Chair st Date: l October2024 17 INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF THE EAST MANCHESTER COMMUNITY ASSOCIATION REGISTERED CHARITY NO. 1182039 si I report on the accounts of the charity, for the year ended 31 March 2024. which are set out on pages 18 to 30. Respective Responsibilities of Trustees and Examiner The charity's trustees are responsible for the preparation of the accounts. The charity trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 201 l Act) and that an independent examination is needed. The charity is preparing accrued accounts and l am qualified to undertake the examination by being a qualified member of the Association of Chartered Certified Accountants. It is my responsibility to: Examine the accounts under section 145 of the 2011 Act" follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. and To state whether particular matters have come to my attention. Basis of Independent Examiners Report My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting r¢cords kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you &s trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair view and the report is limited to those matters set out below. Independent Examiner's Statement In connection with my examination. other than listed below, no matter h&s come to my attention . (l ) which gives me reasonable cause to believe that in any material respect the requirements: to keep accounting records have in accordancc with section 130 of the 2011 Act. and to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act, have not been met" or (2) to whiclL in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed: AM King FCCA Date: 1°, October 2024 Community Accountancy Service Ltd "rne Orangc, Pil¥rim DrAV¢, B¢swick, Manchester. M l13TQ ThE EAST MANCHESTER commuN￿y ASSOCIATION 18 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 INCLUDING INCOME AND EXPENDITURE ACCOUNT Total Funds Total Funds Year Ended 31 March Ygar Ended 31 2024 March 2023 Unrestrf¢ted Restricted Funds Funds Further Details Income from: Donab"ons and kgacies Charitable Activities Investrnenl Income Total {31 14) 69,674 107.7 7.003 184.473 69,674 391,507 7,003 468,184 65,623 312,575 1.881 380.079 283,711 283,711 Expendlture on: Raising Funds Charitsble AGtivilies Total (51 (5) 118 104,846 104,964 118 390.502 390.620 285,656 285,656 346.683 346,683 Net incomel(expenditurel 79.509 11,945} 77,564 33,396 Transfers between funds (141 14,085) 4.085 Net movement in funds 75,424 2.140 77,564 33,396 Reconeiliatlon of funds Total funds brought forward Total funds carrled foThiard 1141 {141 207,564 282.988 31,298 33.438 238,862 316.426 205,466 238,862 The statement of financial acknvities indudes all gains and losses reeognised in Ihe year. All incoTne and expenditure derive from continuing activibes. The notes on pages 20 to 30 fom part of Ihese ac￿unts. THE EAST MANCHESTER COMMUNftY ASSOCIATION 19 BAL4NCE SHEEf AS AT 31 MARCH 2024 C¢Jmpany Registration Number.. 2024 2023 Notes Fixed assets: Tangible assets Total fixed assets (10) 313 313 971 971 Current assets: Debtors Cash al Bank & in Hand Total current assets {11) 10,741 314.355 325.096 3.269 251,965 255,234 Liabilities: Creditors.. Amounts falling due within one year 112) 8.983 17,343 Nel Current assets or liabilities 316,113 237,891 Totsl assets less current liabilities 316.426 238,862 Total net assets or liabilitles 316,426 238,862 The funds of the charlty: Restricted income fund5 (141 33.438 31.298 Unrestricted income furbds {141 282.988 207,564 Total charity funds 316.426 238.862 Approved by the tnjstees on 1st October 2024 Ms Anna Bennett Treasurer The notes on pages 20 to 30 fomi part of Ihese accounts. THE EAST MANCHEsfER COMMUNrrY ASSOaATION 20 Statement of Cash Flows for the year ending 31 March 2024 Reconciliation of net movemert In funds to net cash flow from operating artivit￿5 Year Ended Year Ended 31 March 31 March 2024 2023 Net movement in funds Add back depreciation Deduct investment income Decreasellincreasel in debtors Increase/ldecreasel in creditors 77.564 656 (7,003) {7,4721 (8,360) 33.396 1,869 11,881) 3.490 15.821 Net cash used in operatlng actl¥lties 55.387 52.695 Cash flows from investment actlvities: Interest Purchase of fixed assets 7,Tr)3 1,881 1941} Net cash provided by investing activities 7,003 940 Increaselldecreasel in cash and cash equivalents during the year 61390 53,635 Cash and cash equivalents brought forward 251.965 198,330 Cash and cash equivalents canied forward 314,355 251.965 THE EAST MANCHESTER COMMUNrrY AssoaATION 21 Notes to accounts for the year ended 31st March 2024 l. Accounting pollcles la) Basis of preparation and assessment of going concem The accounts (financial statements) have been prepared under the historical cost (onvention with items recogni5ed at cost or transaction value unless otherwise ststed in the relevant notes to these accounts. The financial staternents have been prep3red in accordance with the Statement of Recommended Practice.. Accounting and Reporting by Charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republi£ of Ireland IFRS 1021 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and the Charitie5 Aci 2011. The charity constitutes a public benefit entity as defined by FRS 102. The trustees consider that there are rbo material ur)certainties about the charity's ability to continue as a going concern. {bl Funds structure Restricted ftjnds are funds which are to be used in accordance with specific restrictions imposed by the donor or trust deed. There are 23 restricted fund Unrestricted income funds comprise those funds which the trustee5 are free to Use for any purpose in furtherance of the charitable objects. Unrestricted fvnds include designated fvnds where the trustees, at their dIsc￿tion. have created a fund for a specific purpose. Further details of each fiJnd are disclosed in note 14. Ic) Income recognition All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliabfy. Donations are recognised when the charity has been notified in writing of both the amount and Settlement date. In the event that a donation is subject to conditions that require a level of performance before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, orthe fvlfilment of those conditions is wholly within the control of the charity and it is probable that those conditior)s will be hjlfilled in the reporting period. Interest on funds held on dep051t 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. Diwdends are recognised once the dividend ha5 been declared and notification has been received of the dividend due. Idl Expenditure Recognftien Liabilities are recognised as expenditure as soon as there is a legal or construrtive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obli8ation can be measured reliab￿. All expenditure is accounted for on an accruals basis. All expenses including 5UPPOrt costs and g0veman￿ cost5 are allocated or apportioned to the applicable expen(liture headings. For more information on this attribution refer to note (fl below. le) Irrecoverable VAT Irrecoverable VAT Is charged against the expenditure heading for which it was incurred. lfj Allocation of support and governano ¢osts Support costs have been allocated between governance costs and other support costs. Governance costs cornprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs include costs related to independent examination and legal fees together with an apportionment of overhead and support costs. Govern3nce costs and support costs relating to charitable activities have been apportioned based on type of cost. The allocation of support and governance costs is analysed in note 6. Ig} Costs of raisins funds The costs of raising funds consists of advertising and marketing. Ihj Charitable Actlvities Costs of charitable activities include governance costs and an apportionment of support costs as shown in note 5. THE EAST MANCHE5fER COMMUNITY ASSOCIATION 22 Notes to the accounts for the year ended 31st March 2024 li) Tanglble flxed assets and depreciation All assets costing more than £750 are capitalised and valued at historical cost Depreciation is charged on the following basis.. Computers Fixtures, Fittings and Equipment 33.33% on cost 20% on cost (il Reallsed galns and losses All gains and losses 3re taken to the Statement of Financial Activities a5 they arise. Realised gains and10sses on investments are calculated as the difference between sales proceeds and their opening carrying value or their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains an(1 losses are calculated as the difference between the fair value at the year end and their varying v3lue. Realised and unrealised investment gains and losses are combined in the Statement of Financial Activities. (kl Penslons The charity currentw administers contribjtions to a pension Scheme on behalf of individuals. The charity has no liability beyond making Its contributions and paying across the deductions for the employee's contributior)s. 111 Debtors Trade and other debtor5 are recognised at the settlement amount due after arby trade discount offered. Prepayrnent5 are valued at the amount prepaid net of any trade discounts due. {ml Creditors and provlsions Creditors and provision5 are recognised where the charity has a present obligation resulting from a past event that will probablv result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliablv. Creditors and provisions are normally recognised at their settlement amount after allowir)g for any trade discounts dtje. 2. Relatod party transactions and tntstees, expenses and remuneration The trustees all give freely their time and expertise without any form of remuneration or other benefit in cash or kind 12023.. £nill. Expenses paid to the trustees in the year totalled £nil12023= £nil}. 3. Donations and Lggaeies Unrestrictgd Restrlcted Totsl Funds ToLIl Funds Year Ended Year Ended Yoar Endad 31 March 31 March 31 March 2024 2024 2023 Year Ended 31 March 2024 Donations & Gift ￿"d Anonymous 12,174 57.500 69.674 12,174 57,500 69.674 15,623 50.000 65.623 Previous reporting period Unrestricted Restrfcted Total Funds Year Ended Year Ended 31 March 31 March 2023 2023 Year Ended 31 March 2023 Donations & Gift Aid Anonymous 15,623 50.000 65,623 15,623 50,000 65,623 THE EAST MANCHEsfER COMMUNrrY ASSOCIATION 23 Notes to the accounts for the year ended 3tst March 2024 4. Income from charitable activltles Unrestrlcted Restricted Totsl Funds Total Funds Year Ended Year Ended Year Ended 31 March 31 March 31 March 2024 2024 2023 Year Ended 31 March 2024 Destitution Support Service Income Student pla￿ment Fees Unrestricted grants.. AB Trust The Big Life Garfteld Weston Lloyds Bank Foundation NHS Federation Refugee Action Refugees & Mentors The Leigh Trust Oglesby Trust Pat Newman Trust 29th May 1969 Salford CVS Restricted grants.. Awards for AIIIBig Lottery Fund Caritas Diocese of Manchester Community Organisats'on Cost of LNing Fund Just Psychology Manchester Actwe Manchester City Council Our Manchester Manchester City Council HWF Manchester City Council Workclub Manchester City Council First 1000 Days Manchester Settlement Manchester Work Club Our Manchester Greater Manchester Culturalty Appropriate Fund Postcode Lottery Refugee Actt'on Spirit of Manchester step Change The Charity Service Thomas Wall Trust Togethei Now Trusthouse Oglesby Trust 40,415 1.658 1.890 40,415 1.658 1.890 24,213 90 3,780 20,000 1.500 22,500 1,500 7,5LN) 25,0(N) 1.500 7,5(KJ 25.000 500 360 4.000 2.000 25,000 1.250 20,833 20,833 5,000 2,457 5,200 52.267 9,0(J) 2,616 44.680 3.220 9.0(M) 2,457 5,200 52,267 9,OCH) 2,616 44.680 3.220 9.0(J) 7,371 1.011 9,360 8,333 1,500 9,000 20,000 8,701 23,209 8.858 8.858 114.162 114.162 1,000 111,924 1,500 4,500 3.200 4,500 3.2CM) 1,973 24.551 24,551 1.500 312,575 107,796 283.711 391,507 THE EASf MANCHESTER COMMUNITY ASSOCIATION 24 Notss to the accounts for the year ended 31st 11orch 2024 4. Income from charitable activitles Previous reporting period Unrestrlcted Restrict9d Total Funds Year Ended Year Ended 31 March 31 March 2023 2023 Year Ended 31 Ma￿h 2023 Destitution Support Service Income Student Pla￿ment Fees Unrestricted grants- AB Trust The Big Lrfe Garfield Weston NHS Federation Refugee Action The Leigh Trust Oglesby Trust Pat Newman Trust Salford CVS Restricted grants.. Awards for AIVBig Lottery Fund Caritas DI0￿Se of Manchesler Just Psychology Manthester City Council First 1(KJO Days Manchester Settlement Manchester Work Club Our Manchester Greater Manchester Culwrally Appropriate Fund Postcode Lottery Spint of Manchestei Slep Change The Charity Service Together Now Oglesby Trust 24,213 90 3.780 24.213 90 3,780 20,OLhJ 1,5CK) 22,5(K) 500 360 2,(K)O 25.0 1.250 20,000 22.500 500 2,OCN) 25,OC 1,250 5,000 7.371 1.011 7.371 1.011 8.333 8.333 1,5 9,000 20.000 8.701 23.209 1.000 111.924 20,000 8.701 23.209 l.oc￿) 111.924 1.500 1.973 1,500 206,382 1.973 1,5CK) 312,575 106,193 THE EASf MANCHESTER COMMUNrrY ASSOCIATION Notes to the accounts for the year ended 3tst March 2024 5. Expenditure Asylum Sgeker and Year Ended Year Ended Refugee 31 March 31 Ma￿h Support 2024 2023 Expenditure on ralslng funds: Advertising and marketing 118 118 118 118 Expgndlture on charltable activitles: Employment Costs Recruitrnent Training Computer Costs Activity Costs Subcontracted Servi￿$ Staffing Costs Stsff Supervision Volunteer Expenses Freelance Database Costs DBS Fees Bank Charges Travel Expenses Destitution Costs Subscriptions Minor Equipment Telephone Rent. Rates and Water Insurance Governance and Support Costs Pos( Printing & Stationery Depreciation 260,580 1.169 695 4,079 39,405 260.580 1,169 695 4.079 39,405 228,225 6,000 1,711 4,089 39,941 5.205 963 14 7,275 100 1.552 93 5.376 1.552 5.376 292 50,324 192 292 50.324 192 231 27,611 70 473 3,617 10,871 1,C65 4,655 2,606 1.869 346.683 346.683 3,027 14,109 1.835 3,027 14,109 1,835 2.909 3,367 658 390.502 39).620 3.367 658 39D,502 390.620 Restricted funds Unrestricted funds 285,656 104,964 390,620 215,701 130,982 346,683 THE EAST MANCHEsfER COMMUNITY ASSOCIATION 26 Notes to the accounts for the year ended 3tst Marth 2024 6. Analysis of expenditure on charltable activities As per note 5. 7. Allocatlon of governance and support costs The breakdown of support costs and how these were allocated between governance and other support costs 15 shown below: G9neral Support Govemance 1,212 Total 2024 Basis of apportionment 1.212 type ofcost 1.697 type of cost 2.909 Accountancy Fees Payroll Bureau Fees 1.697 1.697 1,212 General Support Govemance 1.482 Total 2023 Basis of apportlonment 1,482 type of cost 1,625 type of C￿$t 1.548 type of cost 4,655 Accountancy Fees Consultancy Payroll Bureau Fees 1.625 1.548 3,173 1,482 8. Analysis of staff costs Year Ended Year Ended 31 March 31 March 2024 2023 Wages and Salaries Social Security Costs Pension Costs 234.853 14,565 11,162 260,580 206,303 12,097 9,825 228,225 Charitable activities Support costs 260.580 228,225 260,580 228,225 The average number of employees during the year wa5 11, FTE 7.1 (previous year. 10, FfE 6.n. The charity considers its key management personnel comprises the trustees and Joint CEO'S. The total employment benefits, including employer Nl and pension contribution5 of the key management personnel were £50,534 (previous year.. £46,020, including empbyer pension contributions). No employee has benefits in excess of £60.000 (previous year. none). Staff costs do not include a value of the wot* undertaken by our 63 volunteers, of whom apFy)ximately 80% have been asylum seekers themselves. 9. Independent &xaminer Fees Year Ended Year Ended 31 March 31 March 2024 2023 Independent examination fees Independent examination fees- additional prior year charge 1.212 1,002 480 1,002 1.212 THE EAST MANCHE5fER COMMUNrrY ASSOCIATION 27 Notes to the accounts for the year ended 31st PAarch 2024 10. Tangible Fixed Ass9ts Fixtures. Fittings and Equlpment Computer Equipment Totsl Cost Al 1 April 2023 Additions At 31 March 2024 8,968 2,693 11,661 2,693 11,661 Depreclation At 1 April 2023 Charge for Year At 31 March 2024 7,997 658 8.655 2,693 10.690 658 11,348 2.693 NET BOOKVALUE At 31 March 2024 Al 31 March 2023 313 313 971 971 IL Analysis of debtors 2024 2023 Debtors Prepayments 9.648 1,093 10,741 2.145 1,124 3,269 Debtors and prepayments related to restricted funds E37312023-. £2,1621 and unrestricted funds £10.36812023.. £1,1071. 12. Creditors: amounts falling wlthin one year 2024 2023 Creditors Short-term compensated absen￿$ {holiday payl Other creditors and accruals Deferre {1.000) (37} 1823) 11.205) (11.208) {17,437) {285.6561 114.162 1.000 37 14 4,5 3.21YJ 24.551 3,691 1.995 13,343 3,396 33,438 17,613 31,298 3,220 4,085 283.711 THE EAST MANCHESTER COMMUNrrY AssoaATION 29 Notes to the accounts for the year ended 31st March 2024 14. Analysis of charitable funds Analysis of movements in restricted funds Previous reporting peri Balance at 1 Aprll 2022 Incomlng Resources Resources Expended Balance at 31 March 2023 Transfers Manchester Active Manchester City Council First I￿0 Days Manchester City Counal CV WB Fund Manchester Settlement Manchester Work Club Our Manchester Greater Manchester Mental Health NSCCT Greater Manchester Culturalty Appropriate Fund Poslcode Lottery Refugee Action Soil Association Spirit of Manchester Step Change The Barrow Cadbury TnJ$t The Charity Service Together Now Oglesby Trust Awards for AIIIBig Lottery Fund Caritas Diocese of Manchester Just Psychology Big Lottery Fund (British Red Cross)13} Big Lottery Fund (British Red Crossl (2} 1405} {20,2161 1223) 11,540) 18,987) (20,0431 (1,587) (15) 16,903} (13,515) 11,331 448 8.333 15521 225 1,500 40 13 17 1.587 15 20.IYJO 26 8,701 23,209 1,798 9,694 1,246 209 1,000 1,246 209 111.924 1111.9241 37 37 1.500 1.973 1.5 7.371 1.011 9.360 (1.4861 11,973) 14.720) 17.371) 11.011) (9.6501 15921 13,540) 1215,701} 14 20,833 17.613 290 157 435 3,540 19,271 206,382 21,346 31,298 Name of rostrictgd fund: Manchester Active Awards for AII/Big Lottery Fund Caritas Diocese of Manchester Community Organisation Cost of Living Fund Just Psychology Manchester Active Manchester City Council Our Manchester Manchester City Council HWF Manchester City Council Workclub Manchester City Q)uncil FirsL ICQ) Days Manchester City Council CV WB Fund DesGription, nature and purpose of thfr fund for Stay and Play groups for salaries for the contingency accommodation co-ordinator for core costs for family reunion for Stay and Play groups for activities and placarents ft)r walking group for workclub for Early Years support project for Covid recovery wellbeing proiecl. The balan￿ on this fund represgnts future depreoation for empkjyability support for mental health groups for co-ordination support for eore costs for fo¢xl povety support Manchester Work Club Greater Manchester Cvlturally Appropriate Fund Postcode Lottery Refugee Attion Soil Association Refugee Actlon Spirit of Manchester The Barrow Cadbury Trust The Charity Service Thom8s Wall Trust Trusthouse Oglesby Trust for Computer Club for Coviej Wellbeing programme for volunteer expenses for employability course for famity reunion and Ktsma and baby group for core fijnding THE EA5f MANCHE5fER COMMUNITY ASSOCIATION Notes to the accounts for the year ended 31st March 2024 15. Analysis of net assets between funds Unrestrlcted Designated Restricted funds funds lunds Totsl 2024 Tangible fixed assets Cash at bank and in hand Other net current assetsllliabilitiesl Totsl 313 228.790 1.385 230.488 313 314,355 1,758 316,426 52.500 33.C65 373 33,438 52.500 Previous Teporting period Unrestricted Deslgnated Restricted funds funds funds Totsl 2023 Tangible fixed assets Cash at bank and in hand Other net Cu￿ent assetsllliabiliti8s) Total 748 173.258 {10.0741 163.932 223 35.075 (4.000) 31,298 971 251,965 114,074) 238,862 43,632 43.632 16. Flnancial Instruments The charity only has financial assets and liabilities of a kind thai qualify as basi¢ financial inslrumenls. Basic financial instruments are initially recognised on a transaction value and subsequentty measured at their setuement value with the exception of bank loans which are sultsequentty measured at an amorb.sed cost using the effective interest method.