Charity registration number.. 1152621 Project Seventeen Annual Report and Financial Statements for the Year Ended J l March 2024 Community Accounting Plus Units l & 2 North West 41 Talbot Street Nottingham NGI 5GL
Project Seventeen Contents Reference and Administrative Details Trustees, Report 2to6 Statement of Trustees, Responsibilities Independent Examiner's Report Statetnent of Financial Activities 9t0 10 Balance Sheet Notes to the Financial Statements 12to 19
Project Seventeen Reference and Administrative Details Truslees Kamena Dorling Timothy Bull, Treasurer Mary Awoniyi Elizabeth Fry Clare Jennings GwawT Thomas. Chair Claire McGuinness Olaitan Abiola Stephanie Kleytthans Jessie Valentina Senior Management Team Abigail Brunswick, Director Principal Olee St Joseph's Hospice Mare Street London E8 4SA Charity Registration Number 1152621 Independent Examiner Johii O'Brien. employee of Community Accounting Plus Units l & ? North West 41 Talbot Street Nottin_gham NGI 5GL Page I
Project Seventeen Trustees, Report The trustees present the annual report touether with the financial statements of the charity for the year ended 31 March 2024. Truslees and officers The trnstees and officers serving during the year and since the year end were as folloivs: Trustees: Kamena Dorling Timothy Bull. Treasurer Rebecca Aoude (resigned 16 September 202J) Mary Awoniyi Elizabeth Fry Clare Jennings GwawT Thomas. Chair Ruvimbo Mutyambizi (resigned l O June 202J) Claire M¢Guinness (appointed 15 June 2024) Olaitan Abiola (appointed l O June 202)) Stephanie Kleynhans {appointed 16 September 202J) Jessie Valentina (appointed 15 June 2024} Objectives and activities Objects and aims The relief of financial hardship amongsl migrants with no recourse to public fimds living in the UK by the provision of free advice and assistance to such persons. For the public benefit to advance education of the public in the needs of migrants with no recourse to public funds by providing training and advice to other relevant agencies. Project 17 is an organisalion working to end destitution among migrant families. We work with families experiencing exceptional poverty to improve their access to local authority support. We believe that all children have the right to a home and enough to eat, regardless of their parents. immigration status. To achieve our vision. 'e provide advice. advocacy and support for individuals. We build capacity in other organisations and we campalgn for the improved implementatlon of statutory support. Project 17 works towards ensuring that local authorities comply with the duties imposed on them by Section 17 of the Children Act 1989 to safeguard and promote the welfare of children in need. Section 17 enables local councils to provide accommodation and fmancial support to avoid children being taken into the care of the local authority. This duty exists even if the family has no riJt to work. no acce55 to welfare benefits and social housing and no leave to remain in the UK. Project 17 exists to ensure that individuals eligible for sUPPOrt under Section 17 are able to access it effectively. Page 2
Project Seventeen Trustees, Report {continlled) Objeclive5, 51ralegie5 and aclivilie5 Advice and advocacy.. working directly wilh families with no recourse to public funds to improve access to accommodation and financial support under section 17 of ihe Children Act 1989 and related support. Capacity building: working with organisations lo improve their ability to work with families with no recourse to public funds. This includes trainin& telephone advice for professionals; and online resources. Systemic change.. ultimately. we believe that everyone should be entitled to a welfare safety net. Until then, our strategic work addresses systemic problems with the implemenLqtion of section 17 support and other issues affecting people with no recourse to public nds. Activities include engaging with local and national government, campaigns and litigation. We M'ork '1th a group of people with personal experience of poverty caused by no recourse to public funds to build solidarity and work towards strategic change. Public benefit a) Reducing homelessness and destitution among migrant families with no recourse to public funds. b) Increasing awareness of rights and entitlements among individuals. professionals and the wider public. c) Improving the implementation of support for migrant families '1th no recourse to public funds. d) Improving public awareness of the issues facing families with no recourse to public funds. The trustees confirni that they have complied '1th the requirements of section 17 of the Charities Act 201 I to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. Achievements and performance Advice and advocaey.. We provide frontline advice, advocacy and casework to families facing homelessness and severe poverty because they have no recourse to public funds. We also provide emergency practical suppor¢ such as grants and support in kind. In 2023-24, we worked with 426 families. including taking on 198 new clients. 57 /0 of our clients were undocumented when we started working together, and 17% had limited leave to remain on the family life route. We also worked with familie5 on health and social care, student and visit visas, and with small numbers of refused asylum seekers and people with pre-settled 5tatU5. 93 /0 of our clients were women and 77 /0 were lone parents. We worked with clients from 59 different countries. 420/0 We Nigerian and 150/0 were Ghanaian. We worked with families living in 86 local authorities across Englan(t although 640/0 of clients lived in London. 620/0 of clients had tried to access support under section 17 ("s. l T"") before they. approached us, but they came to Project 17 because they had been refused (7) % ). or because the support they received was inadequate (270/0 Families who had been turned away from social servlces experienced a wide rdnge of problems, including inadequate housing and homelessness, not having enough money, domestic abuse, threats to safety and exploilation. 59/0 of families had been destitute for more than J months when they approached us, and 26% had been destitute for more than a year. Page i
Project Seventeen Trustees, Report {continlled) With our support, 61°/ (259 families) accessed support under s.17 Children Act 1989. 560/0 accessed financial suppor¢ and 480/0 accessed accommodation. We continue to be concerned about the adequacy of support provided by local authorities. 34% of families receiving financial support were given less than the lawful minitnum. and a further 90/0 received vouchers instead of cash. Only 180/0 of those accessing ac¢ommodation found it to be suitable, with many housed in hotels and HMOS, far away from schools and support nets4'orks. 94 % of familie5 benefitted from at least one positive outcome folloi%'ing our intervention. Alongside s.17 siipport, 51 0/0 accessed emergency financial support from our Destitution Fund. and ) l % accessed larger grants. 680/0 used foodbank vouchers, 'e funded emergency hotel stays for J /0. Other outcomes included Healthy SLqrt vouchers, nursery placements and free prescriptions. This year, we undertook a review of the advice service. evaluating our aims and priorities: and the extent to which we achieve those aims. We are no. mak.ing some changes based on the review, including being clearer about our scope and boundaries, and creaiing a new way of taking on clients. We asked clients to complete a survey about their experiences of working with us. 48 people replied. 90 % said the adviser helped them understand their options 'very well. { I 00/0 said 'quite well,). 71 0/0 said their current 51tuation was 'a lot better, Ihan before they came to Project 17. 750/0 rated the Service a5 '10110' and a further IJ /0 rated is as 911 O. One person said 'AII I can SU is God bless ihis orgap7isalion. I won'tfoi-gei ihe help vou show'ed me and my son. I m 50 graleful I meei 11715 organisalion al my loii'e5t, lh came through.for me, ip7 my next life l Myill still choose PROJECT 17.. Another said 'Bes1 service ever. Thank you so muchfor assisling me ap7d my daughier. We are ip7 a comfortable aNdpeacefvlplace. And our situalion has improved ' Capacity building." We build knowledge and expertise in other organisations. supporting them lo work with families with no recourse to public funds {"NRPF") more effeciively. Our capacity building work includes training. case advice for professionals. and online factsheets. booklets and letter templates. This year, we delivered 23 training sessions to a range of voluntary sector stsff and social services teams, reaching over 400 participants. We delivered a range of sessions. including joint training with Southwark Law Centre and the Care Rights Projecl. We also slarted working with United ImpacL the solidarity and action group we support, to redesign our trainin& increasing the emphasis on broader social change and incorporating the perspectives of people with personal experience of NRPF. alongside legal expertise. We hope to begin rolling out new sessions in autumn 20?4, delivering training jointly with United Impact members. We responded to 580 calls to our advice lille for professiona15, providing advice on individual cases. This was a 28 /0 increase from last year. 31 callers provided feedback, and all of them found the advice 'very helpful,. One caller wrote.. "[Ihe advisei-] gave amaiing help and supporl, she gaTre brillianl a<h'ice and supported nie tofighifor the Yights of a mother and child w,ho w'ere H'ronglJ being encouraged io le.e ihe LK or be separaled. I'oui. projecl supporled ii.'ith holel costs until we could gei legal a(h'ice and Con1Ce social care thai ihev, had a duty lo suppori ihem bolh. The moiher and child were evenluallv provided M'ith temporary bul secure housing and ihe mother w'as incredibly gralefulfor our help and supporl. l am sure ihal M'iihout vour charity iho.. w'ould hake eiihey been separaled orfunded to leave ihe L.'K M'iihoiil a.ssuYap7ce thai th m.ere going to be s(rfe. Thap7k you once again for your incredible support. you are ama-ing ath'ocatesfor vulnerablepeople ii.'ho do p701 h(we a strong VOECe. We have 32 free resource5 on our website. rantsing from guides for individuals. letter templates for frontline workers, and a toolkit for social w.orkers. These are updaied Teoularly to respond to changes in case law, policy and best practice. Page 4
Project Seventeen Trustees, Report {continlled) Strategic work: Our social change work builds on the knowledge, data and experience of our frontline and capacity building services. This year, we have focused largely on 5UPPOrting United Impact. the 501idarity and action group we resource and facilitate. United Impact has over 60 members. all of hOM have previously used Project 17's advice service. Members have spoken at conference5 and events: attended meeting5 with Parliamentarians and Home Office representatives; exhibited their phoiography at the Migrant ConnectioT]s Festival and in Parliament. They also provided evidence to the Women and Equalities Committee and the All-Party Parliamentary Group on NRPF, for which Project 17 held the secretariat. Project 17 has engaged with local authorities to ty to improve the implementation of s.17 support. This included successful advocacy with various local authorities about their rdtes of financial support. We are pursuing complaints against two councils based on their failure to assess and support families under s.17. We are worried about the increasing financial pressures on local auihorities. and the threat of bankruptcy leading to increased 'gatekeeping' and unlawful refusals of support. Looking ahead: We are starting work with an external consultanL who will sUPPOrt us to think about our work through the lens of anti-racism and anti-oppression. Over the next year, we will be considering our positionality- our work- and our ambitions, feeding into future planning. We will also begin work on our next J-year strategy, which will take us from 2025-28. This will likely include revisiting our mission. with a view to talking more explicitly about the changes we want to see- critically reflecting on our work with people M'ith 'lived experience, of NRPF and pushing toM.-ards more meaningful change and representation; and M'orking tnore collaboratively with others in the sector and beyond. Financial review Project 17,5 total income for the year was £520.139. an increase compared to the prior year comparative of £i50,523. Total expenditure for the year wa5 £402.408 compared to £368.8?) for the year ended 31 March 2023. Overall: this resulted in net incoTne ol£1 17,731 for the year, compared to a net expense of £18,300 for the year ended 31 March 202). Project 17's strong income for the year reflects continued recognition from funde around the importance of the work carried out by the charity. Although income relating io Project 17's restricted funds was healthy during the year, higher levels of unrestricted funding w.as obtained. given the uncertainty around further restricted funding in the near-terni, and the likelihood that Project 17's restrlcted funds will continue to be supported by reserves. Policy on reserves Project 17's reserve policy states thai UMstricted funds. which have not been designated for a specific use, should be maintained at a level equivalent to three to six months of expenditure. At this level the Trustees feel the reserves appropriately support Project 17's resilience a2ainst the key financial risks facing the organization, being the unforeseen loss of funding or incurring unforeseen expenditure, and are sufficient to cover associated expenditure commilments were Project 17 to be wound down. The reserves policy is reviewed by the Trustees on a regular basis, at least once a year. At J l March 2024, reserves were £238,J88. slightly greater than six months of Project 17's total budgeted expenditure for the follom'ing financial year. While this amount exceeds the reserves policy, it is recognised that reserves will continue to be required to supplement Project 17's restricted funds over the coming year. Page 5
Project Seventeen Trustees, Report {continlled) Structure, governanee and management Nalure ofgoverning documen¢ The charity is operated under the rules of its constitution adopted 18th May 2013. Recruilmenl and appoinlmenl oflrustees Advertising online (our website, public fonuns. social media) and approaching people directly. Potential trustees submit a CV and covering letter that are reviewed by all trustees. The Chair and Director hold an infomial intervieii.. Potential trustees sit in on part of a Board meeting. . New trustees are voted onto the Board.
Project Seventeen Statement of Trustees, Responsibilities The trustees are responsible for preparing the trustees. report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generdlly Accepted Accounting Practice) and applicable law and regulations. The law applicable to charities requires the trustees to prepare flnancial statements for each financial 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 of the charity 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 Charitie5 SORP- make judgements and estimates that are reasonable and prudent- state whether applicable accouniing standards have been followed. subject to any material departures disclosed and explained in the financial $teMentS- and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounling records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008. and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the mainlenance and integrity of the corporate and fmancial inforniation included on the chariiable companv's website. Legislation governing the prepardtion and dissemination of financial statements may differ from leglslalion in other jurisdictions. 28109124 Approved by the trustees of the charity on .................... and signed on its behalf by: Gwawr Thomas Trustee Page 7
Project Seventeen Independent Examiner's Report to the trustees of Project Seventeen Independent examiner's report to Ihe Irustees of Project Seventeen I report to the trustees on my examination of the accounts of Project Seventeen (the Charity) for the year ended 31 March 2024. Responsibilities and basis of report As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act,). I report in respect of my examination of the Charity's accounts carried out under section 145 of the 201 l Act and in carrying out my examination I have followed all the applicable directions given by the Charity Commission under section 145(5)(b) of the Act. Independenl examiner's statement Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 201 l Act. I confjrni that l am qualified to undertake the examination because l am a member and Fellow of the Association of Charity Independent Examiners. which is one of the listed bodies. I have completed my examination. I confinn that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect- accounting records were not kept in respect of the Charity as required by section l JO of the Act; or 2. the accounts do not accord with those records. or 3. the accounts do not comply with the accounting requirements concerning the fonn and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other rnatte in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. John O'Brien MSC, FAIA, FCCA. FCIE, employee of Community Accounting Plus Fellow of the Ass(Kiation of Charity Independent Examine Units l & 2 North West 41 Talbot Street Nottingham NGI 5GL Date.. 1811012024
Project Seventeen Statement of Finaneial Aetivities for the Year Ended 31 March 2024 Total 2024 Total 2023 Unrestricted Restricted Nole Income and Endowment5 from: Donations and legacies Charitable activities 129,440 200 118,018 232,505 J90,499 )90,699 Total Income 129,640 J90,499 520,lJ9 J50,52J Expenditure on: Charitable activities (J5,022) (367.)86) {402:408) (368,823) Total Expenditure (J5,022) (367.)86) {402,408) (368,823) Net incomel(expenditure) Gross transfers between funds 94,618 (95,000) 23,113 95,000 117,7Jl (18,300) Net movement in funds (382) (18,300) Reconcilialion of funds Total funds brought forward 238,770 101,194 339,964 Total funds Caled forward 12 238,J88 219,307 457,695 339,964 All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for the period is shown in note 12. The note5 on pages 12 to 19 form an integral part olthe5e finaTJcial statements.
Project Seventeen Statement of Financial Activities for the Year Ended 31 Mareh 2024 (continued) These are the figures for the previous accounting period and are ineluded for comparative purposes Total 2023 Unrestricted Restricted Note Income and Endoivments from: Donations and legacies Charitable activitie5 118,018 118,018 232,505 232,503 Total Income 118,020 232,503 350,523 Expenditure on: Charitable activities (27,516) {341.J07) {368,823) Total Expenditure (27,516) {341,J07) (J68,823) Net movement in funds 90,504 (108,804) (18,300) Reconeiliation of funds Total funds brought fon¥ard 148,966 209,998 358,264 Total funds carried forward 12 101,194 339,964 The note5 on pages 12 to 19 form an integral part olthe5e finaTJcial statements. Page 10
Project Seventeen (Registration number: 1152621) Balance Sheet as at 31 March 2024 2024 2023 Note Currenl assets Debtors Cash at bank and in hand 1,210 J40,140 458,096 459,335 341,350 Creditors: Amounts falling due wilhin one year io (],0) (1,386) Net a55ets 457,695 339,964 Funds of the charity: Restricted income funds Restricted funds 12 219,307 101,194 Unrestricted income funds Unrestricted funds 238,388 238,770 Total funds 12 457,695 339,964 The financial statements on pages 9 to 19 were approved by the trustees, and authorised for issue on 28109124 and signed on their behalf by: iniuihN' BLIII Trustee The note5 on pages 12 to 19 form an integral part olthe5e finaTJcial statements. Pagell
Project Seventeen Notes to the Financial Statements for the Year Ended 31 March 2024 l Accounting policies Statement of compliance The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019. the Financial Reporting Standard applicable in the United Kingdom and Republic of Iland (FRS 102) and the Charities Act 2011. Basis of preparation Project Sevenieen meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised ai historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. Exemption from preparing a cash flow statement Under the exemption available to smaller charities the Board of Trustees has chosen not to include a Statement of Cash Flows within the financial slalements. Going concern The financial statements have been prepared on a going concern basis. The trnstees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements. Income and endowments Volunlary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income. it is probable that the income will be received and the amount can be measured with sufficient reliability. Donations and legacies Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured. Grants receivable Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where perforniance conditions are attached to the grant and are yet to be meL the income is recognised as a liability and included on the balance sheet as deferred income to be released. Expenditure All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregates similar costs to that categorv. Where cost5 cannot be directly attributed to particular headings they have been allocated on a basi5 consistent with the use of resources, with central staff Costs allocated on the basis of time spent. and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on ihe spread of sthff costs. Page 12
Project Seventeen Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) Charilable activities Charitable expenditure comprises ihose costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes boih costs th can be allocaied direcily to such activities and those costs of an indirect nature necessary to support them. Taxation The charity is considered to pass the tests sel out in Paragrdph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly. the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter J Part I l of the Corporalion Tax Aci 2010 or Section 256 of the Taxatioi) of Chargeable Gains Act 1992. to the extent that such income or gains are applied exclusively to charitable purposes. Trade debtors Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairnient. A provision for the impainnent of debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term higlY liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Borrowings Interest-bearing borrowings a initially recorded at fair value. net of transaction costs. Interest-bearing borrO.1ngs are subsequently carried at amortised cost. with the difference between the proceeds, net of transaction costs. and the amount due on redemption being recognised as a charge to the over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date. Fund strueture Unrestricted income funds are general funds that are available for use at the trustees, discretion in furtherance of the objectives of the charity. Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. Page li
Project Seventeen Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) 2 Income from donations and legacies Unrestricted runds General Totsl 2024 Total 2023 Donations and legacies. Donations from companie5, trusts and similar proceeds Donations from individuals Grants, including capital grants; Grants from other charities 9,899 11,369 3,401 3,401 126.0)9 126,OJ9 96,750 129,440 118,018 3 Income from charitable activities Unrestricted funds General Restricted funds Tolal 2024 Total 2023 Grants Training income Sundry income i75.766 14,256 477 J75,766 14,256 677 217,912 13.995 598 200 200 )90,499 J90,699 232,505 4 Grants and donations Unrestricted funds Reslrieled funds Total funds AB Charitable Trust Justice Together Initiative Children In Need Client grant partners Coventry University Donations The Legal Education Foundation Mercers Ground Work London Masonic Charitable Fund John Ellennan Foundation LHA London London Community Fund The Hillcote Trust Reaching Communities 27,500 27,500 10,214 19,826 5,258 7,559 3,401 56,000 29,000 50,801 5,000 20,000 10,214 5,287 5,258 7,559 56,000 29,000 50,801 5,000 20,000 2,000 5,000 8,000 10,000 5,000 29,812 29,812 Page 14
Project Seventeen Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) Unrestricted funds Reslrieled funds Total funds Trust for London Lloyds Bank Foundation Metropolitan Migration Foundation Paul Hamlyn Foundation Anonymous The Blue Moon Trust 34,002 34,002 25,000 47,000 66,000 25,000 47,000 66,000 25,500 10,000 5.000 i 0,000 129,440 J75,766 505,206 5 Expenditure on charitable activities Unrestricted General funds Restricted funds Total 2024 Total 2023 Venue hire Client grants Clinical supervision Equipment Freelance costs Interpreting costs Insurance 150 150 15,555 714 15,555 4.545 978 15,225 164 814 1,467 2,371 1,769 283 2.356 2,356 595 595 Legal & professional fees Office supplies Other expenses Printing Solidarity group expenses Rent Salarie5 NIC & pensions Staff expenses Subscriptions Telephone & internet Trustee expenses Training Volunteer expenses Recruitment costs Website & database I,L144 1,919 2,792 1,062 8,566 13,669 J38,360 216 202 1,944 255 5,504 126 1,386 2,128 338 584 .335 4fv1 2.328 1.062 8.566 12,302 319,?71 208 167 1.742 1,062 10,844 13,764 308,017 3,218 197 1,501 368 586 320 100 2.638 1.367 19,089 35 202 255 5,120 384 126 2.170 2,170 J67,)86 402,408 368,823 Page 15
Project Seventeen Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) 6 Trustees remuneration and expen5e5 No trustees, nor any persons connected with them, have received any remuneration from the charity during the year. No trustees have received any reimbursed expenses or any other benefits from the charity during the year. 7 Staff costs The aggregate payroll costs were as follows: 2024 2023 Slaff cosls during the year were: Wages and salaries Social security costs Pension costs 296,898 29,514 11,948 267,890 27,256 12,871 338,360 J08,017 The monthly average number of persons (including senior management team} employed by the charity during the year was as follows.. 2024 2023 Monthly paid staff 9 (202J - I l) of the above employees parlicipated in the Defined Contribution Pension Schemes. Contributions to the employee pension schemes for the year totalled £11,948 (2023 - £12,871). No employee received emoluments of more than £60,000 during the year The total employee benefits of the key management personnel of the charity were £43,658 (2023 - £41,332). 8 Debtors 2024 2023 Prepaynents 1,210 9 Cash and cash equivalents 2024 2023 Cash at bank 458,096 340,140 Page 16
Project Seventeen Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) 10 Creditor5: amounts falling due within one year 2024 2023 Other creditors 1.640 1,386 I I Commitments Capitsl commitments The charity has a short terni lease for the premises under which either party may give 60 days notice. The total amount contracted for but not provided in the fmancial statements was £Nil (2023 - £Nil). 12 Funds Balance at 31 March 2024 Balance at I April 2023 Incoming resources Resource5 expended Transfers Unrestricted funds General General fund 238,770 129,fv10 (35,022) (95,000) 238,388 Restricted funds Client grants Advice Capacity building Policy Destitution fund Hotel fund Small grants fund 5,258 154,461 63,444 148,708 8.417 3.794 6.417 (5,?58) (164,998) (55,359) (131,476) (5.424) (2.187) 59,412 45,000 30,000 15,000 5,000 93,875 45,529 48,888 12,333 7,060 11,622 16,656 7.889 Total restricted fund5 101.194 J90.499 (J67,J86) 95,000 219,307 Tot21 funds 339,9fv1 520,139 (402,408) 457,695 Page17
Project Seventeen Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) The specific purposes for which the funds are to be applied are as follo,5- Advice: to provide direct advice and advocacy services to migrant families with no recourse to public funds- Capaeity building: to build capacity in other OTganisation5 working with vnigrant families with no recourse to public funds. Client grants: to facilitate the provision of direct financial support to clients in cash or in kind; Destitution fund: to provide emergency financial support to clients for fo(Kl or other urgent essential items; Hotel fund: to provide funding for short terni stays in emergency accommodation for families left street homeless by a refusal of local authority support; Policy: creating systemic change to improve the implementation of support for migrant families with iio recourse to public funds, through engaging '1th local and nalional governmenL campalgning and strategic litigation. Small grants fund: to provide direct financial support to clients in cash or in kind. Balance ai I April 2022 Incoming resources Resources expended Balance at 31 March 2023 Unrestricted funds General General fund 148,266 118,020 (27,516) 238,770 Restricted Client grants Advice Capacity building Policy Destitution fund Hotel fund Small grants fund 5.999 160.189 26,495 {5,999) (16),790) (46,515) (115,776) {5,140) {1,466) (2.621 } 59.412 7,444 16,656 4,340 27,464 99,708 596 7,260 7,889 Total restricted funds 209,998 232,50J (341,307) 101,194 Total funds )50,52) (368.82J) 339,964 Page18
Project Seventeen Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) 13 Analysis of net a55ets between funds Unrestricted 2024 Total funds General Restrieled Current assets Current liabilities 240,028 (1.640) 219,307 459,3J5 (1,640) Total net assets 2i8,J88 219,307 457,695 Unrestricted 2023 Total funds General Restricted Current assets Current liabilities 240,156 (I,J86) 101,194 J41,350 (1,386) Total net assets 238,770 101,194 14 Related party transactions There were no related party transactions in the year. IS Independent examiner's fees During the period, the fees payable (excluding VAD to the charitv's independent examiner Community Accounting Plus are analysed as follom's: 2024 2023 Independent examination 1.200 1,155 1,200 1,155 Page 19