Charity number: 1153070
THE MARGINS PROJECT
(Charitable Incorporated Organisatlon)
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

THE MARGINS PROJECT
(Charltsble Incorporated Organlsation)
CONTENTS
Page
Reference and Admlnlstrative Detalls of the Charltable incorporated oryanlsatlon. its
Trustees and Advisers
Trustees. Report
2-15
Independent Examlner's Report
16-17
ststement of Flnancial Actlvltles
18
Balance Sheet
19
Notes to the Flnanclal Statements
20-33

THE MARGINS PROJECT
(Charitable Incorporated Organlsatlon)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITABLE INCORPORATED
ORGANISATION, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2024
Trustees
Vaughan Jones, Chair (resigned 31 August 2024)
Angela Burnett, Trustee (appointed 27 April 2023)
Leon Chng, Chair (appointed 16 November 2023)
Sue Lukes. Trustee (appolnted 27 April 2023)
Fajer Qasem. Trustee (appointed 30 May 2024)
Mark GSanville Jones, Trustee {appointed 15 July 2024)
Simon Carruth, Trustee (appointed 15 July 2024)
Jean Appleyard, Trustee (resigned 23 April 2024)
Charity reglst8red
number
1153070
Principal offlce
19b Compton Terrace
London
N12UN
Independent examlner
Julian Flitter
Goodman Jones LLP
1st Floor Arthur Stanley House
40-50 Totlenham Street
London
W1T 4RN
Bankers
Barclays Bank
38 Islington Green
London
N18EH
Solicltors
Bates, Wells and Braithwaite London LLP
2-6 Cannon Street
London
EC16YH
Page 1

THE MARGINS PROJECT
(Charltable Incorporated Organlsatlon)
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees present their annual report together wlth the financial statements of the The Margins Project for
the year 1 April 2023 to 31 March 2024.
Prlncipal Alms and Objectlves
The Margins Project (Margins) was established by the Union Chapel in 1992 to help people experiencing
injustices and crisis, particularly those who are experiencing homelessness or Ilvlng in precarious housing
conditions. The charlty, although it helps people from across London, primarily supports people from the London
Borough of Islington and surrounding boroughs.
In 2013 Margins was registered as a Charitable Incorporated Organisation (CIO). Its charltable objectives are
'to relieve need, hardshlp and distress of persons who are in need by reason of their soclal andlor economlc
circumstances. in particular those who are facing homelessness and poverty, through a range of services
including providing a safe space where they are encouraged to explore and develop their potential and progress
to recovew.
Values Statement
Inclusion.. we strive to support people other agencies do not reach.
Personal.. we tallor our work to the individuals we work with, providing in-depth support that has a
meanlngful impact for them
Empowerment: we provide people wlth the time, tools and opportunitles to realise thelr potential and
succeed and to do so at their own pace.
Quality: we are a team of specialists who aim high, because people facing homelessness and social
injustices have a right to be supported by experts.
Belonging.. we strive for our communities to be their own agencies and create an atmosphere of their own
belonging in mainstream society.
Vision Statement
We are here for people faclng homelessness and social injustice. We belleve that everyone deserves an
opportunity to flourish, realise their potentlal and find a place of dignity in society.
Mlsslon Statement
People facing poverty. homelessness. and social Injustice will achieve significant improvements in their
wellbelng. economlc circumstances, employment prospects, andlor housing situation. They will achieve this
through vertically integrated programmes of in-depth activities provided by our Community Dropin, Advice and
Engagement, and Supported Employment Programmes, which are tallored to enhan￿ personal development.
maximise Income, aC￿sS housing support. and engage with wider group of communities.
We aim to support our service users to achieve the following outcomes:
Increase quality of Ilfe through better shelter, food, hygiene and safety, access to temporary or permanent
accommodation, and the prevention of eviction.
Improve physi￿1 andlor mental health and well-belng.
Improve economic circumstances through access to benefits and employment.
Improve Ilfe skills and employability skills.
Improve confidence and self-esteem
Improve links and engagement wilh mainstream society.
Page 2

THE MARGINS PROJECT
(Charitable Incorporated Organisatlon)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
We do this by providing the following services..
A community drop-in programme of services twi￿ a week, offering communities nutritlous hot meals,
warm space, access to showers, laundry and clothing, hardship support, and emergency packs.
Advice programme: services of advice on housing and benefits where all newcomers re￿1Ve an initial
assessment to work on each of their cases, primarily on housing and benefits. with referrals to specialist
agencies including to health services, debt management advice, immigration advice and domestlc
violence support services.
Community engagement programme to provide practical empowerfng support as well as creative
workshops that ameliorate one's well-being and mitlgate isolation.
A Supported Employment Programme. catering for guests visiting our community drop-in programme and
for audlences joining Unlon Chapel events in the Marglns Café, This programme also provides ancillary
support such as CV writlng and job-search.
Public Beneflt
In shaping the objectives and planning activities for the year. the Trustees have considered the Charity
Commisslon's guidance on public benefit, including the guidance on publlc benefit and fee charging.
In accordance with Section 17 of the Charities Act 2011, the Trustees consider how planned activities will
contribute to the aims and objectlves that have been set.
The Trustees ensure that all actlvlties are in accordance with the equal opportunlties policy of The Margins
Project and consider the accesslbllity of the chapel to those on low incom8s by offering free and low-cost
actlvities. onsite and remotely.
Achievements and Performance
The Trustees review the alms, objectives and activilies of the charity each year. This report looks at what the
charity has achieved and the outcomes of Its work within the last twelve months. The Trustees report the
success of each key activity and the benefits the charity has brought in, to those groups of people that it is set
up to help. The report also helps the Trustees ensure the Charit￿s aims, objectives and actlvities remain
focused on its stated purposes.
Summary Achievements and Challenges
Achievements
Continued support to over 400 unique individuals with access to nutritious hot meals, shower, laundry and
IT facilities ￿lce a week.
Supported Employment Programme going from stfength to strength getling recognition by the local
counclls for its potential to help vulnerable communities.
Establishlng The Marglns Project as a strategic ally and contributor to Isllngton's vibrant Voluntary and
Communlty partnership.
Closer working relationshlp wilh Union Chapel Directions (UCD) to underscore and promote the central
role Unlon Chapel plays In supporting the most vulnerable communities in our society,
Opening Margins, services to wider and more diverse communities, reflecting the make-up of our society,
including newly arrived refugees and asylum seekers
Strengthening and further developing good relationships wlth local statutory, voluntary and corporate
organisations and funders.
Featuring The Margins Project and its activities on national radio and newspapers, local newspapers. and
soclal media.
Page 3

THE MARGINS PROJECT
(Charitable Incorporated Organlsatlon)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Community Support and Development Programmes
Marglns, four vertically integrated community programmes support and provide our communlties with: _
a warm and welcoming space through our communlty drop-in programme.
an advice and information Servi￿ through our advice programmo.
a space of creativity and craftsmanshlp though our ongagement programme: and
tralning scheme to help people develop confidence and self-esteem, potentially leading to employment
andlor to further training through our supported employment programm8.
Addressing the immediate, intermedlale and long-term support needs, these integrated community programmes
contlnue to take people through a Joumey of support, advice and engagement, and training to a destiny of
belonging in our soclety. As we assert and strengthen this journey of communlty work and its fundamental
values Into our working culture, we empower our Communlties to have Confiden￿ to engage wlth and to seek
pertinent support without people feeling themselves as outslders from mainstream society. All Margins
programmes: community drop-in programme, Supported Employment Programme, and Advi￿ and
Engagement programme, have provided an incluslve and engaglng Se￿1￿ throughout the year.
The number of guests (service users) using our services have continued to increase durlng this reporting
period. Attendance per drop-in servlce averaged 65, very much higher than last year's 58 average. This drastlc
increase is for several reasons, including:
A sequence of more people needlng our support followlng the pandemic.
Cost-of-living crisls continues to blte.
Many people transitioning from legacy benefits onto Unlversal Credit
Increase of awareness about The Margins Project and Its role as one of the major Voluntary and
Community Partners wlth Islington Council.
The provlslon and service of professionally prepared nutritious hot meal to the community.
Recognition and respect of our excellent advlce service.
The positlve Impact of the Supported Employment Programme on guests coupled with acknowledgement
by many of its effectiveness in guiding guests to move fo￿ard.
The welcomlng atmosphere we have created to help people to engage, to contribute and to participate in
the delivery of services.
Acknowledgement that Margins is a safe place where many people in our communities feel safe and can
have reprieve from the impacts and challenges of cold weather and isolation.
Drop-Sn seNl¢es programme
The community drop-in programme continued to offer to over 275 indlviduals hot nutritlous meals, access to
showers, laundry, and IT facilities. access to emergency housinglbenefit advice; and the opportunity to engage
in the kitchen training programmes. Working collaboratively and seamlessly with the Advice & Engagement and
Supported Employment programmes, thls programme has seen the needs for Its setvices double over the last
o years. This collaborative work has glven our guests readily accessible services under one roof. These are
some of the achievements during this perlod:
Continued offering over 6,181 nutrltlous hot meals and desserts, and over 12000 cups of tealcoffee.
Whenever further support on houslng andlor welfare benefits is needed, the programme has provided
seamless access to our inhouse advice and engagement service.
Continued to offer access to IT, laundry and shower facilitles.
Continued providing trainees to engage wlth drop-in Servi￿ and learn the art of catering for vulnerable
communlties.
Maintained the number of volunteers, with at least 6-7 volunteers during drop-in session.
Started gathering feedback about Margins servlces from guests to help Margins develop appropriate
services going fo￿ard.
Started to develop more in-depth demographic and attendance infomation for the servlce
Page 4

THE MARGINS PROJECT
(Charitable Incorporated Organlsatlon)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Community Drop-in Services
1707
18(JJ
1584
1600
1530
1390
1400
2 1200
19 1000
800
400
175 195
231260
206
252
242 267
175
162
200
144
168
36
38
49
45
13
42
14
oi
Q3
April 2023 to March 2024
Q4
Total No of Gue5t5
New Guests i Women
, Shower •Liundry mvolunteers
Advice and Engagement Programm8
Ever Sin￿ the advice and engagement programme became a full-time Se￿Ice two years ago. demands for its
services have Increased dramatically. The programme, ensuring those in extreme crisis are always prioritised.
provided in-person, telephone and email advice, and where necessary it signposts indivlduals to relevant
support services. The programme also saw a significant increase in indlviduals requestlng financial support.
Thls sustained demand plus more and more asylum seekers resident in the two Home Office contingency
hotels in Islington galning their refugees status have added extra demand from our advice engagement
seNI￿s. The programme provided the followlng services over the period:
A total of 212 unique advice and group engagements, averaging 53 unique reglstered every quarter
A tota5 of 351 fa￿-to-faCe appointments, averaging 87 a quarter
A total of 46 newly reglstered guests, averaglng 11 a quarter
Over 160 referrals to a Food Bank, an increase of 40'/0, as a dlrect result of the cost-of-living crisis as told
by guests, and new guests
Over 75 supported on travel and utility top up, an Increase of 39 %, as a direct result of the cost-of-living
crisis as told by guests
An 89 % increase in people seeking general benefit advice, largely due to cost-of-livlng payments and
eligibility querles. and new refugees
145 guests receive hardship support from cloudesle￿S hardship fund to support guests and trainees wlth
expenses such as travel, emergency food, emergency accommodatlon. furniture, electrlcltylgas. mobile
top-ups, cutlery, and bedding
We continue gathering feedback on how Margins can prioritise the Se￿1￿$ of the advice and
engagement programme and how guests can participate in the delivery of the services
Page 5

THE MARGINS PROJECT
(Charitable Incorporated Organisation)
TRUSTEES, REPORT {CONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
Activity summary table, April 2023 to March 2024
Actlvlty
Drop-in and
food
takeaway
Total number
of visitors this
year
Numberslinfo
Notesldescription
275
April 2023 to March 2024
Total number
of separate
visits this year
6,181
The highest number ever
recorded.
An estimate
Total people
supported.
Advice and
support
Total number
of advice
sessions April
2023 to
March 2024
Number of
people
supported this
year
3,500 estimated (double
counting apply)
440 Advice sessions
Highest number recorded
232
Advocacy by Beneflt Advisor
Universal Credit Support
Cloudesleyfund
General Benefit Advice given.
Housing Issues
Streetlink referral
Applied for benef its.
Applied for PIP
Benefit assessment pending
Food Bank
Signposted for mental health
support.
Signposted to Law centre.
Housing options
Referred into 3rd Party
employment.
Signposted to Immigratlon
specialist.
Successful Benefit applicatlon
Drug and 81cohol referral
Housing review
Number of
hardship
payments
145
Page 6

THE MARGINS PROJECT
(Charitable Incorporated Organlsation)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Supported Employment Programme
Our Intensive Supported Employment Programme, wlth ancillaryjob search support has continued
uninterrupted. We have had referrals from a wide range of organisations, including Hillslde Club House but
increasingly from Islington Council and Job Centre Plus. Three trainees completed the programme (Stages One
and Two) and one was offered a job in a restaurant. In addition to learnlng food preparatlon, hygiene and safety.
budgeting, healthy eating, customer service skills. employabillty, and job search skills, trainees also gain level
213 food hygiene accreditation (certificated).
In 2023124 we had 9 people registered for the programme. Of these 9 trainees:
One trainee wlthdrew in Stage ONE for they have needed more support than Margins can provide them
with. It was thls agreed with their referring agency to find them an altemative supporting scheme
elsewhere.
One tralnee withdrew in Stsge TWO for they have moved on with Margins, help to a suilable volunteerlng
opportunity where they will have and get additional support.
Three graduated and gained employment- in a bakery shop. in a school and in a charity respectively,
and a fourth is volunteerlng with various charities, includlng Margins.
Two Érainees are still in Stage TWO of the programme and are progresslng well.
One Irainee, although already completed the programme, has needed more support. so they are still in
the programme to provide peer support to newly registered candldates and to provide themselves with
additional support.
Supported Enwloyll￿fft Prograrnme Trainees
April - June
2023
July- Sept
2023
Oct- Dec
2023
Jan - March
2024
TOTAL Y3
2023-2024
Registered
Trialled
Graduated
Employed/further
training
Moved without
graduation
External partners and Ilnks with servlce activities
Margins has continued to work, link and liaise closely wlth various organisations and groups throughout the
year:
London Housing Foundation- supported employment programme
Groundswell to support Margins guests with health support needs
Homeless Prevention and Rough Sleeper Forum
Islington Food Partnershlp - regular catch up on food poverly in the borough
Manor Gardens Centre
Page 7

THE MARGINS PROJECT
(Charltable Incorporated Organisation)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Mary's- the charity arm of St Marls Islington - community development ne￿Ork
Pret A Manger- fundlng support and training
Help on Your Doorstep
Islington Council- funding support and monitoring
Hillside Clubhouse, volunteer referral and advice on mental health
NHS, Whlttinglon Hospital outreach nurse
The Manna, St Stephens Church
The Passage and the Upper Room- employability in hospltality
Islington Centre for Refugees and Migrants
The Felix Foundatlon
Royal Holloway University
Cloudesley
Margins contlnued organising events for and with partners, including..
Hosting, facilltating, and running weekly communily engagement workshops In the lower Hall for elght
weeks
Two information and discussion sessions on the cost-of-livlng crisis for Marglns guests
Several events of the Islington Food partnership, for which Margins played a significant role as a member
of the coordinating body.
Margins also facilitated the following:
Visit from Rough Sleepers Outreach Team to drop-in serVi￿S on a Wednesdays On￿ a month.
Islington Library attended Margins drop-in services and donated a selection of free books regularly.
NHS Trust mental health nurse to occasionally attend and to visit Marglns services as and when needed
Public Health Strategist from Camden and Islington Public Health complled a survey with guests to
update the Camden and Islington Food Poverty Needs Assessment. Report expected to come out soon.
Attendan￿ from Islington's Complex Needs Navigator to conduct a survey with guests around
homelessness affecting women
Islington Council's Cost of Living crisis Information leaflets given out as well referral to workshops on
cost-of-living crisis
Donation polnt
Our communities conlinue to be generous, and we encourage people to donate items, such as toiletries,
Unde￿ear, socks, canned vegetables, but not large and bulky items such as beddlng, jackets and trousers due
to the lack of capacity within the organisatlon to manage these Items.
The Felix Project have continued the delivery donations of fresh food every Monday, and we continue collecting
fresh food from Iwo local businesses - Budgens and Belle Epoque - on Mondays and Wednesdays.
Page 8

THE MARGINS PROJECT
(Charitable Incorporated Oryanlsatlon)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Demo
of 8eFvice u8er8and attendance lor4dvScè8nddro
in 8ervi¢es
Awil. June 2023
July. Sept2023
r)¢t- Doc2023
Jan. Morch 2024
TOTAL Y3
2023-2024
iixilEiaEIIEllEII
%Whqre
N￿mber
%Whu•
Number
% Where
know
Numb
Inu•a80
fromlast
Tol&l unlquou5er8
Number
Comm
Dro
.Ins
Advice & Eng8gqmenl
Totsl uniqueuseT8
Dio
IDS- average
Ad¥iceSeNlce
Advlceservlce
Gwder
Male
Female
Age
20-
21-30
3140
41-50
5140
61*
Unkmwn
Eihnlcity
Whlie
Bfitishorlrish
other￿lIe
EU nalionals
Romanian
Othereth￿¢ftleB
While and Black c￿1bbean
150
95
130
125
151
165
152
173
275
196
410
65
69
59
45%
42%
68
45%
46%
51%
35
28%
40
24%
25
14%
37
29%
65
68%
32%
85
65%
35%
110
55
116%
58%
120
53
96%
42%
95
86%
42%
i%
6%
i%
14%
13
37
45
42
27
31
49
39
22%
25%
39%
31%
5%
16%
14
29
39
35
11%
24%
32%
29%
19
25
27
12%
15%
16%
27
35
32
28%
26%
8%
20%
7%
14
11%
19
20
16
13%
29
31%
32%
56
59%
45
36%
39%
8%
14%
1%
10
10
15
20
21%
18
14%
12%
13
11
Page 9

THE MARGINS PROJECT
(Charltable Incorporated Organlsatlon)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Ethniclty
Asian
Indlan
Pakislanl
3%
2%
1%
1%
o18eNtCouw¥8ndattffid8t￿1OTftdyIC0AndlkO
In 84nfjc•8
iIÈIiÈEIÈiIÈiI
Number
know
N￿ber
%WhH•
Nunther
%Where
Numhr
%Whra
Number
Increa89
Irom last
Bangladeshi
Chlnese
Sri Lanka
BIBcklAfriCa￿Cb1lbhTh1B[aCkBrt￿sh
Afrfcan
Caribbean
BlackBritish
Arab
Anoihereihnlc group
Ethnicty unknown
Houllng Situation
Horneles9
Peimanenl Housin
Tempoi8ryAccommodalion
Unknown
Heallh¥rtuation
Menlal Heallh
Physl¢al111 health
Boih mental & Physical ill heakh
Subs18nce misuseldependenc
None
Unknown
Boroughth Residence
on
Camden
Enfield
Hdckney
H8lln
Kensl
on&Chelsea
Tower HaNlets
Olher
1%
i%
15
12%
25
26%
26
21%
18
17%
13
14%
13
10
io%
20
10
10
10
21%
11%
11%
21
17%
17
15%
8%
8%
14%
5%
14%
16
19
13%
15%
21
17%
16
19
20%
35%
21%
24%
28
38
31
27
23%
30%
36
46
42
41
38%
4B%
44%
43%
38
52
30
28%
39%
31%
42%
35%
31%
20
23
34
33
21%
39
22
23%
6%
23%
40
20
40
15
10
42%
21%
42%
16%
11%
42%
34%
34
14
31%
13%
29%
25
41
14
19
29
1Q
17
34
23%
33%
11%
12
13
36
14
27
14%
27%
12%
32%
28%
41
31
61
64%
80
64%
6%
1%
95
10
loo%
11%
2%
16%
21%
107
17
86%
14%
86
78%
io%
2%
8%
13%
i%
15
18
14%
14
1%
2%
10
11%
3%
3%
4%
Page 10

THE MARGINS PROJECT
(Charitable Incorporated Organlsatlon)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
of••NIc•￿•￿a*nd8￿gnd4N￿>ttsr￿JyTc•&nd dto
9%
UThknown
6%
4%
7%
%Wh•r•
know
%Whef•
Numb
%Whgr•
%Wher•
Nwnbw
tneréase
fromlest
R•f4rra From
N￿nb
Numbèr
Numb•r
l$lingloD Coundl
JobCentFe Wu9
Marulog Dio
In8
Online
Sell-Referr81
Word ol Mouth
Thlrdy8rtyOl9anlsali
Llnknown
erson
11
12%
8%
26%
8%
1%
19%
9%
17%
39%
38%
24%
18
14%
23
16
40
10
24%
17%
42%
23
18%
5%
62%
19
10
17%
10%
39%
8%
25
35
28%
1%
18%
9%
16%
06%
14%
5%
37%
12%
26%
131%
43%
14
32
11%
26%
1%
16%
91%
47%
17
23
35
27
16
36
36
20
49
25
124
41
20
114
59
20
81
36
19%
86%
36%
24%
RenTh)te
Mixed
Plans for the Future
In the coming year, Marglns will continue to play a significant role in supporting communities whose lives are
made precarious by the current economic and political policy framework.
We will prioritlse work with:
People homeless or vulnerable to homelessness, because of insecure or inadequate housing, and
domestlc abuse
Refugees, asylum seekers, including survivors of trafficking and people with no recourse to public funds
People experienclng menlal ill health, through prolonged duress, slress. depression, dlagnosed and
undiagnosed condltlons
People with inadequate income for their dally needs, who benefit from material help such as a hot meal
People who need to acquire new skills Including English language and vocational skills to advance within
this society and be able to secure a pla￿ wlthin the labour market
Recognising the intersectionality wilh ethniclty, gender, sexuality, abilitles within these groups
Our intention is to be a welcoming space In which people affected by societls injustlces are enabled and
supported by providing..
practical help In the form of nutritious meals, clothing, showers, laundry.
activities whlch encourage crealivity, awareness raising, and mental and physical wellbeing.
training and language skills leading to employment and soclal integration.,
advi￿ on benefits, signposting to immlgr8tion advice, access to housing, housing repairs., and
crisis Intervention, when needed, in mental health
We will address the social policy Issues which disproportionally disadvantage some local communltles by:
advocating wilh our beneficiaries in resolving bureaucratic problems.,
publlcislng our work in a manner which adds dlgnity to our beneficiarles and highlights the inequalities
and Injustices which they experience; and
participating in the wider not-for-profit sector campalgns and forums
The impact of our work will be felt by beneficiaries as they build relationships of mutual support, are enabled to
access employment. improve their physlcal and mental well-being, participate in the wider community.
Page 11

THE MARGINS PROJECT
(Charitable Incorporated Organlsatlon)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Financlal r8VI8W
Summary
Overall, Margins reported a surplus of £28,073 for the financlal year compared with a loss of £58,247 for 2023.
Income Increased by 330/0 to £297,780, whlle costs have fallen by 4 /0 to £269,707. This is due to lower salary
costs as detalled below under the Expenditure heading.
Of the surplus, £24,000 has been carried forward as restricted reserves while £4,073 has been added to
unrestricted reserves.
Net funds at 31 March 2024 were £31,087. of which £24,000 was restricted funds and £7,087 was unrestrlcted.
Income
Income for the period was £297,780 (2023- £223.123) ofwhich £233.208 (2023.. £173,093) was from donations
and legacles, and £64,285 (2023: £49,947) from charitable actlvities.
Expenditure
Expenditure for the year totalled £269.707 against £281,370 for 2023. a reduction of 40/0. Although the
organisation continued to be impacted by inflation the overall costs were reduced, in part due to staff
vacancies.
Going concern
After making appropriate enquiries, the Trustees have a reasonable expectstion that the CIO has adequate
resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt
the going concem basis in preparing the financial statements. Further details regarding the adoption of the
going concern basis can be found in the accounting policies.
ReseN8s policy
Margins, reserves policy reflects the organisation's objective of striklng a balance between the need for financial
stability and the ambition to expand the range of services offered. This year and for the next few years the
focus of attention is to restore reserves to a prudent level to ensure sustainability whilst working to develop
new strategy and associated funding model.
At 31 March 2024, unrestricted funds, of which reserves form a part, were reported as £7,087. This represents:
Designated fixed assets reserve 959
other unrestricted reserves
6,128
Total
7,087
Fundralslng Approach
Margins, approach to fundraising is to be transparent, clear and friendly. We currently use personnel employed
by Union Chapel Prolect. Occasionally, we do engage with third party fundraisers or commercial operators and
with online providers such as justglving.com and crowdfunder.com. We fundraise for activities and services
within Margins, aims and objectives.
Our main fundraising activlties are through formal applicatlons to Trusts and Foundations, corporate supporters
and slatutory bodies. We also receive donations from indivlduals, mainly generated through our website. or land
donations at fundraising events.
The fundraising team, in liaison wlth the head of Margins, is responsible for managing all donated funds and
reporting where required. The head of Margins. along with Ihe Board of Trustees, reviews fundraising income.
Page 12

THE MARGINS PROJECT
(Charitable Incorporated Organisation)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
expenditure and procedures on a quarterly basis whlle the fundraising strategy is reviewed annually.
Margins is independently registered with the Fundraising Regulator and abides by Its Code of Practi￿.
Margins has recelved no complaints about its fundraising activities. However, to ensure that vulnerable people
are protected, it has adopted guidance from the Institute of Fundraising's guide, Treating Donors Fairly-
Fundralslng wilh People in Vulnerable Circumstances.
Stru¢tur8, Governance and Management
Constitution
The Margins Project is a Charitable Incorporated Organisation (Charity registratlon no.'1153070), registered on
25 July 2013. It is governed by a constitutlon which establishes the objects and powers of the charitable
organlsation,
Margins is one of the four organisalions based in Union Chapel in Isllngton, the other three being..
Unlon Chapel Project {UCP) (Charity no. 1010186, Company no.02583801)
Unlon Chapel Dlrections (UCD) (Company no 03047257)
Union Chapel Church (Charity no1172808)
Margins is govemed by Its Board of Trustees, two of whom are nominated from the UCP. The Board of Margins
oversees and directs the aims and oblectives of The Margins Project.
Organisation
The Board meets four times each year, or more frequently if required. The Trustees are responslble for the
strateglc objectives of the organlsation and to review the charitls annual budget and operational plan.
Appointment of Trusteas
In accordance with the constitutlon, there should be between four (minlmum) and nine (maximum) Trustees.
Two of these Trustees are nominated by UCP, with the remainder being elected. When considering new
trustees, the Board has regard both to the organisatlon's need for any speclallst skills and to the diverslty of the
Board's membership,
All Trustees give their time voluntarily and receive no benefits from the CIO. Any expenses reclaimed from the
CIO are set out In Note 8 to the accounts.
Tmstee InduGtion and training
New Trustees undergo an orientation process to meet key staff and other trustees. An information pack is
provided that includes the Charity's Constitution, most recent statutory and management accounts, the business
plan and organisational chart, along with signpostlng to Charity Commission guidance on the role and
responsibilities of trustees.
Trustees are encouraged to attend appropriate external training events, where these will facilltate their own
development and undertaking of their role.
Employees
Day to day management and operations of the CIO are delegated to its paid staff through the Head of Marglns
with specific responsibility for activities.
Margins strives to be an equal opportunities employer and applies objective criteria to assess merlt. It alms to
ensure that no job applicant or employee re￿iVeS less than favourable treatment on the grounds of age, race,
colour, nationality, rellglon, ethnic or national origin. gender, marital status, sexual orientation or dlsabllity.
Selection crlteria and procedures are reviewed to ensure that individuals are selected, promoted and treated
based on thelr relevant merits and abllities. Equal opportunilles data is collected to revlew and ensure
recruitment pro￿sseS are engaging wlth diverse applicants, and particularly applicants with protected
characterislics or underrepresented in the organisatlon or sector, and to inform the shortlistlng process to
Page 13

THE MARGINS PROJECT
(Charitable Incorporated Organisation)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
ensure appllcants at interview stage represent the diversity of applicatlons received. Diversity reviews are
underlaken to ensure the Marglns Project and Union Chapel are improving the representation of our local
communities across the organlsation: retaining staff, casuals. volunteers and trustees from diverse
backgrounds. and, improving procedures, culture. engagement, development and approach to diversity, equality
and representation.
Salaries are reviewed on an annual basis by Union Chapel's Flnance and Remuneralion Sub-committee of
which The Margins Project is represented along with all the organisations in Union Chapel. All employees are
glven equal opportunity and, where appropriate and possible, special training to enable Ihem to progress both
within and outside the organlsation.
Rlsk Management
The trustees are responsible for overseeing the risk management strategy for the organlsation. A
comprehensive review of risks and opportunities Is carried out annually by the trustees and the slaff are
responslble for overseelng and mitigating risks throughout the year.
Currently, the key risks facing the charlty are financlal sustainability, staff capacity and safeguardlng. Some of
the measures laken to mltlgate these rlsks are the following:
staff capacity is under ongoing review
Robust vulnerable adult and child safeguarding policies, and an established training plan to ensure all
staff and volunteers have the necessary understandlng to recognise and respond to safeguarding
concerns with Margins, client group which includes people who are at risk of ham or abuse
Plans in place to manage seNice capaclty (up to a reallstic maximum capacity) in response to increased
demand arlsing from the cost-of-living crlsis and other f8Ctors
Monitoring by the Margins Board to ensure funding (grants awarded and donations) Is sufficient to ensure
the continuation of the servlce and financial stability
Therefore, the trustees are satisfied that systems are In place to mltlgate the risks Identified.
Page 14

THE MARGINS PROJECT
(Charltsble Incorporated Organlsation)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
statement of Trust8es' Responsibilitle8
The Trustees are responsible for preparlng the Trustees, report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Klngdom Generally Accepted Accounting
Practice).
Charlty law requires the Trustees to prepare financial statements for each financial year. The Trustees must not
approve the financial statements unless they are satisfied th8t they give a true and fair view of the state of
affairs of the charitable incorporated organisatlon and of its incoming resources and application of resources,
including its income and expenditure. for that period. In preparing these financlal statements, the Trustees are
required to..
select suitable accounting policles and then apply them conslstently..
observe the methods and principles of the Charities SORP (FRS 102).
make judgments and accounting estimales thal are reasonable and prudent.,
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any
material departures disclosed and explalned in the financial statements.,
prepare the financial statements on the golng concern basis unless it is Inappropriate to presume that the
charitsble incorporated organisation will continue in buslness.
The Trustees are responslble for keeplng adequate accounting records that are sufficient to show and explain
the charitable inoorporated organisation's transactions and disclose with reasonable accuracy at any time the
financial posltion of the charitable incorporated organisation. They are also responslble for safeguarding the
assets of the charitable Incorporated organisation and hence for taklng reasonable steps for the prevention and
detection of fraud and other Irregularities.
The Trustees are responsible for the maintenance and integrlty of the charity and financial Information on the
Charlws website. Legislation in the United Kingdom governing the preparation and dissemination of financial
statements may differ from legislation in other jurisdictions.
Approved by order of the members of the board of Trustees and signed on thelr behalf by:
Leon Chng
(Chair of Trustees)
30-01-25
Date:
Page 15

THE MARGINS PROJECT
(Charltablg Incorporated Organisation)
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 MARCH 2024
Independent Examlner's Report to the Trustees of The Maryins Project ('the charitable
Incorporated organlsatlon.)
I report to the charity Trustees on my examination of the accounts of the charitable incorporated organisation for
the year ended 31 March 2024.
ResponsÈbilities and Basis of Report
As the Trustees of the charitable incorporated organisation you are responsible for the preparation of the
accounts In accordance with the requirements of the Charities Act 2011 ('the 2011 Act,).
I report in respect of my examination of the charitable incorporated organisation's accounts carried out under
section 145 of the 2011 Act and in carrying oul my examination I have followed the applicable Directions given
by the Charity Commission under section 145{5)(b) of the 2011 Act.
Independent Examlner's Statement
Since the charltable incorporated organisation's gross income exceeded £250,000 your examiner must be a
member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the
examination because l am a member of ICAEW, which Is one of the listed bodies.
Your attention is drawn to the fact that the charitable incorporated organisation has prepared the accounts in
accordance with Accounting and Reportlng by Charities.. Statem8nt of Recommended Practice applicable to
charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities.. Statement of
Recommended Practice Issued on 1 April 2005 which is referred to in the extant regulations but has been
withdrawn.
l understand that this has been done in order for the accounts to provide a true and fair view in accordance with
the Generally Accepted Accounting Practice effectlve for reporting periods beginning on or after 1 January
2015.
I have completed my examination. I confirm 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 charitable incorporated organisation as required by
section 130 of the 2011 Act., or
the accounts do not accord with those records., or
the accounts do not comply with the applicable requirements concerning the fomi and content of
accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requlrement
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 matters in connection wlth the examination to which
attention should be drawn in this report In order to enable a proper understandlng of the accounts to be
reached.
Page 16

THE MARGINS PROJECT
(Charitable Incorporated Organlsatlon)
INDEPENDENT EXAMINER'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
This report is made solely to the charitable Incorporated organlsation's Trustees, as a body, in accordance with
Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might
state to the charitable incorporated organisation's Trustees those matters l am required to state to them in an
Independent Examinerfs Report and for no other purpose. To the fullest extent permitted by law, I do not ac￿pt
or assume responsibillty to anyone other Éhan the charitable incorporated organisation and the charitable
incorporated organlsallon's Trustees as a body, for my work or for this report.
Signed:
Julian Flitter
Dated.. 30-01-25
FCA
Jullan Flltter
Goodman Jones LLP
1st Floor Arthur Stanley House
40-50 Tottenham Street
London
W1T4RN
Page 17

THE MARGINS PROJECT
(Charitable Incorporated Organlsation)
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2024
Unrestricted
funds
2024
Restrfcted
funds
2024
Total
funds
2024
Total
funds
2023
Note
Incomo from:
Donations and legacies
Charltable activities
Investments
44,600
64,285
289
188,606
233,206
64,285
289
173,093
49,947
83
Total Income
109,174
188.606
297.780
223,123
Expendlture on".
Raising funds
Charilable actlvltles
19,550
85,551
19,550
250,157
19,904
261,466
164,606
Totsl expendlture
105,101
164,606
269,707
281,370
Net movement In funds
4,073
24,000
28,073
(58,247)
Reconclllatlon of funds:
Total funds brought forward
Net movement In funds
3,014
4,073
3,014
28,073
61,261
(58,247)
24,000
Total funds carried forward
7,087
24,000
31,087
3,014
The Statement of Flnancial Activlties includes all gains and losses recognised in the year.
The notes on pages 20 to 33 form part of these financial statements.
Page 18

THE MARGINS PROJECT
(Charltable Incorporated Organisatlon)
BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Note
Fixed assets
Tangible assets
10
959
2,588
959
2,588
Current assets
stocks
Debtors
Cash at bank and in hand
11
12
1,000
1,255
155.964
27,384
137,427
158,219
164,811
Creditors.. amounts falling due within one
year
13
(128,091)
(164.385)
Net current assets
30,128
426
Total net assets
31,087
3,014
Charlty funds
Restricted funds
Unrestrlcted funds
14
24,000
Designated funds
General funds
14
14
959
6,128
3,014
Total unrestricted funds
14
7,087
3,014
Total funds
31.087
3,014
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
Leon Chng
(Chair of Trustees)
Date: 30.01-25
The notes on pages 20 to 33 fomi part of these financial statements.
Page 19

THE MARGINS PROJECT
(Charltable Incorporated Organlsatlon)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Gen8ral informatlon
The Margins Project is a charltable incorporated organisation registered with the Charity Commission in
England and Wales under charity number 1153070. The main activities of the charity are to provide
services to relieve need, hardship and distress for people in need as a resull of social and l or economic
circumstances. The registered Offi￿ is 19b Compton Terra￿, Islington. London N12UN.
Accountlng policies
2.1 Basis of preparation of flnancial statements
The financlal statements have been prepared in accordance with the Charities SORP (FRS 102)
Accounting and Reporting by Charities: Stalement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 102) (effective l January 2019), the Financial Reporting Standard
8pplicable in the UK and Republic of Ireland (FRS 102).
The financial statements have been prepared to glve a 'true and falrf view and have departed from
the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provlde a 'true
and fairf view. This departure has involved following the Charities SORP (FRS 102) published in
October 2019 rather than the Accounting and Reporting by Charities". Statement of Recommended
Practice effective from 1 April 2005 which has since been withdrawn.
The Marglns Project meets the definition of a public benefit entity under FRS 102. Assets and
Ilabilities are initlally recognised at historical cost or transaction value unless otherwise stated in the
relevant accountlng policy.
2.2 Golng concern
The trustees consider that there are no material uncertainties about the group's ability to continue as
a going concern. The trustees do not conslder that there are any sources of estimation uncertainty at
the reportlng dale that have a significant risk of causing material adjustment to the carrying amounts
of assets and liabilities withln the next reporting period.
2.3 Income
All income is recognised once the charitable Incorporated organisation has entitlement to the
income. it is probable that the income will be re￿iVed and the amount of income receivable can be
measured reliably.
Grants are included in the Statement of Financial Activities on a re￿1vable basis. The balance of
income received for specific purposes but not expended during the period is shown in the relevant
funds on the Balan￿ Sheet. Where Income is recelved in advance of entitlement of receipt, its
recognition is deferred and included in creditors as deferred income. Where entitlement occurs
before Income is received, the income is accrued.
Income tax recoverable in relation to investment income Is recognised at the tirne the investment
income is receivable.
Page 20

THE MARGINS PROJECT
(Charitable Incorporated Organlsatlon)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting pollcles (contlnued)
Expendlture
Expenditure is recognised once there is a legal or constructive obligation to transfer economic
benefit to a third party, It Is probable that a transfer of economlc benefits will be required in
settlement and the amount of the obligation can be measured reliably. Expenditure is classified by
activity. The costs of each activity are made up of the total of direct costs and shared costs,
including support costs involved in undertaking each actlvity. Direct costs attributable to a single
activity are allocated directly to that activity. Shared costs which contribute to more than one activity
and support costs which are not attributable to a single actlvity are apportioned be￿een Ihose
activities on a basis consistent with Ihe use of resources. Central staff costs are allocated on the
basis of time spent, and depreciation charges allocated on the portlon of the asset's use.
Expenditure on raising funds includes all expendlture incurred by the charitable incorporated
organisation to raise funds for its charitable purposes and includes costs of all fundraising activities
events and non-charilable trading.
Expenditure on charitable activitles is incurred on directly undertaking the activities which furlher the
charltable incorporated organisation's objective5, as well as any associated support costs.
All expenditur8 is inclusive of irrecoverable VAT.
2.4 Interest recelvabl8
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the charitable incorporated organisation; this Is normally upon notification of the interest
pald or payable by the institution with whom the funds are deposited.
2.5 Tanglble flxed assets and d8preciatlon
Tangible fixed assets costing £1,000 or more are capitalised and recognised when future economic
benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model,
tangible fixed assets are measured at cost less accumulated depreciation and any accumulated
impairmenl losses. All costs Incurred to brlng a tangible fixed asset into its intended working
condition are included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tanglble fixed assets less their residual value
over their estimated useful lives, using the stralght-line method.
Depreciation is provided on the following basis:
Fixtures and fittings
250/0 Straight Llne
2.6 Stocks
Stocks are valued at the lower of cost and net reallsable value after making due allowance for
obsolete and slow-moving stocks. Cost Includes all dlrect costs and an appropriate proportion of
fixed and variable overheads.
Page 21

THE MARGINS PROJECT
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting pollcles (continued)
2.7 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
2.8 Cash at bank and In hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short
maturlty of three months or less from Ihe date of acquisition or opening of the deposit or similar
account.
2.9 Llabilities and provisions
Liabilities are recognised when there is an obligation at fhe Balance Sheet date as a result of a past
event, it is probable that a transfer of economlc benefit will be required in settlement, and the
amount of the settlement can be estimated reliably.
Liabllities are recognised at the amount that the charitable incorporated organisation anlicipates it
will pay to settle the debt or the amount it has recelved as advanced payments for the goods or
servlces it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where
the effect of the time value of money is material, the provislon Is based on the present value of those
amounts, discounted at the pre-tax discount rate that reflects the risks speclfic to the liability. The
unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.
2.10 Flnanclal instruments
The charitable incorporated organisatlon only has financial assets and financial liabilltles of a kind
that qualify as basic financial instruments. Basic financial instruments are initially recognised at
transactlon value and subsequently measured at their settlement value with the exception of bank
loans which are subsequently measured at amortised cost using the effective interest method.
General funds are unrestricted funds which are 8vailable for use at the discretion of the Trustees In
furtherance of the general objectlves of the charltable incorporated organisation and which have not
been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for
particular purposes. The aim and use of each designated fund is set out in the notes to the financial
statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by
donors or which have been raised by the charitable incorporated organisation for particular
purposes. The costs of raising and administering such funds are charged against the speclfic fund.
The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income. gains and losses are allocated to the appropriate fund.
Page 22

THE MARGINS PROJECT
(Charltable Incorporated Organlsation)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Income from Donatlons and Legacles
Cole
Charitable Aid Foundation
Bentley Motors Lid
The Grace Trust
Union Chapel Church
Tho Allan Charitablo Trust
Slaughter and May ChaTilable Trust
The Mount Fund
Cloudsley
London Housing Foundation
Albeit Hunt Trust
The H*nry Smith Charity
Tho 29th May1961 Charil4ble Trust
London Borough ol Islinglon
Oak Foundation
Linbury Tiusi
Olhei donations
Total
Vnre5tTlCted
21,129
500
1.000
4.604
2,000
1,200
Restricted
Total
21.129
500
1,000
4,604
2.000
1,200
5.000
1.951
7.500
7,000
10,417
6,000
15.000
36,000
5.000
27,000
5.000
1,951
7,500
7,000
10,417
6,000
15.000
36.000
5.000
12.833
IOB,701
14,167
44,600
Supported Employment - Chef5
Cloudsley
Total
4.905
4,905
4.905
Supported Employment - Tiaineo Chefs
Tho Henry Smith Chaiily
Total
12.500
12,500
12,500
Suppowled Employmenl - Head Chef
Cloudsley
Total
10.000
10.000
10,000
CTiSiS Sorvi¢e - Housing and Benefils Advi50r
Slaughter and May Charilable Trust
Cloudsley
Total
29.333
1,000
30,333
29.333
1.000
Page 23

THE MARGINS PROJECT
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Income from Donations and Legacles (Continued)
Unie5tri¢ted
Rèstfi¢ted
Total
Crisis Service - Diop in Seivice Food
Cloudsley
Total
17,500
17.500
17.500
CIisi5 5eFvi¢es - Haidship Fund
Islinglon Giving
6,867
S,667
6,667
Total foi 2024
44,600
188.606
233.208
Income from charltable actlvltles
Unrestricted
funds
2024
Total
funds
2024
Income from charitable acllvitles
64,285
64,285
Unrestrict8d
funds
2023
Total
funds
2023
Income from charitable activities
49,947
49,947
Investment income
Unrestricted
funds
2024
Total
funds
2024
Investment income
289
289
Page 24

THE MARGINS PROJECT
(Charitable Incorporated Organlsatlon)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Investment Income (contlnued)
Unrestricted
funds
2023
Total
funds
2023
Investment income
83
83
Analysis of expendlture by activities
Activities
undertak8n
dlrectly
2024
Support
costs
2024
Total
funds
2024
Supported Employment
Crisis Services
107,641
48,172
54,193
42,151
161,834
88,323
Total 2024
153,813
96,344
250,157
Activities
undertaken
directly
2023
Support
costs
2023
Total
funds
2023
Supported Employment
Crisis Services
82,896
75,240
36, 722
66,608
119,618
141,848
Total 2023
158,136
103,330
261,466
Page 25

THE MARGINS PROJECT
(Charitable Incorporated Organisatlon)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Analysls of expendlture by actlvltles (continued)
Analysls of dlrect costs
Supported
employment
Programme
2024
Crisis
service
2024
Total
funds
2024
Staff costs
Other direct costs
75,633
32,008
29.041
17,131
104,674
49,139
Total 2024
107,641
46,172
153,813
Supported
Employment
Programme
2023
Crisls
seNice
2023
Total
funds
2023
Staff costs
Other direct costs
60,153
22, 743
42,527
32,713
102,680
55,456
Total 2023
82,896
75,240
158, 136
Analysis of support costs
Supported
employment
programme
2024
Crlsis
servlce
2024
Totsl
funds
2024
Staff costs
Services
other
Premises
28,287
10,324
8,256
7.326
22,000
8,031
6.422
5.698
50.287
18,355
14,678
13,024
Total 2024
54,193
42,151
96,344
Page 26

THE MARGINS PROJECT
(Charitable Incorporated Organlsation)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Analysls of expenditure by activities (continued
Analysls of support costs (continued)
Supported
Employment
Pn)gramme
2023
Crisis
seryice
2023
Total
funds
2023
staff costs
Services
other
Premlses
31,952
1,848
1,634
1,288
49,349
7,070
5, 683
4,507
81,301
8,918
7,317
5, 795
Total 2023
36, 722
66,609
103,331
Independent examlner's remuneration
The independent examlner's remuneration amounts to an independent examiner fee of £3,000 (2023-
£2,500).
staff costs
2024
2023
Wages and salaries
Social security costs
Contribution to defined contribution pension schemes
141,855
10,867
2,239
163,382
16,393
4,206
154,961
183,981
The average number of persons employed by the charitable incorporated organisation during the year
was as follows:
2024
2023
Total employee8
Page 27

THE MARGINS PROJECT
Icharitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
staff costs (contlnued)
No employee received remuneration amounting to more than £60.000 in either year.
The total employee benefits including pension conlributlons of the key management personnel were
£49,147 (2023:£47,925).
Trustees. remuneratlon and expenses
During the year, no Trustees received any remuneration or other benefits (2023: £Nil).
Durlng the year, no Trustee expenses have been incurred (2023 - £Nil).
10. Tangible fixed assets
Fixtures and
rittings
Cost or valuation
At l April 2023
Disposals
16,900
(2,900)
At 31 March 2024
14,000
Depreclatlon
At 1 April 2023
Charge for the year
On dlsposals
14,312
1,629
(2,900)
At 31 March 2024
13.041
Net book value
At 31 March 2024
959
At 31 March 2023
2,588
Page 28

THE MARGINS PROJECT
Icharltsble Incorporated Organisatlon)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
11. Stocks
2024
2023
Finished goods and goods for resale
1,000
12. Debtors
2024
2023
Due within one year
Trade debtors
Amounts owed by group undertakings
Other debtors
1,255
1,269
23,471
2,644
1,255
27.384
13. Creditors: Amounts falling due wlthln on8 year
2024
2023
Trade creditors
Amounls owed to group undertakings
other taxatlon and social security
Other creditors
Accruals and deferred income
9,514
89,205
4,511
4, 799
143,554
6,595
6,937
2,500
24,417
128,091
164,385
Page 29

THE MARGINS PROJECT
(Charltable Incorporated Organlsation)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
14. Statement of funds
Statement of funds - current yoar
Balance at
31 March
2024
Balance at 1
April 2023
Transfers
Inlout
Income Expenditure
Unrestricted funds
Designated funds
Fixed asset fund
959
959
General funds
General Funds- all funds
3,014
109,174
(105,101)
(959)
6,128
Total Unrestricted funds
3,014
109,174
(105,101)
7,087
Restrlcted funds
Supported Employment
Crisis Services
105,134
83,472
(93,134)
171,472)
12,000
12,000
188,606
(164.606)
24,000
Total of funds
3,014
297,780
1269.707)
31,087
Page 30

THE MARGINS PROJECT
Icharltable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
14. Statement of funds (contlnued)
Statement of funds - prlor year
Balance at
31 March
2023
Balance at
l Apn'l 2022
Transfers
in/out
Income Expenditure
Unrestrlct8d funds
General Funds- all funds
61,261
95,623
(111, 141)
(42, 729)
3.014
Restrlcted funds
Core
Marglns Manager
Supported Employment
Crisis Services
15,500
15,000
51,875
45,125
(15,500)
(49,029)
(60,575)
(45,125)
34,029
8, 700
127,500
(170.229)
42, 729
Total of funds
61,261
223, 123
(281,370)
3,014
Purposes of restrlcted funds
Crlsls Services
Grants and donations in kind received towards the running of the Drop In serVI￿S and Winternight
shelter.
Supported Employment Programme
Grants received towards the runnlng of the supported employment programme
Maryins Manager
Grants and donations received relating to funding management of The Margins Project
Page 31

THE MARGINS PROJECT
(Charitable Incorporated Organlsation)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
15. Analysls of n8t assets between funds
Analysis of net assets between funds - current period
Unrestricted Restricted
funds
funds
2024
2024
Total
funds
2024
Tangible fixed assets
Current assets
Creditors due wlthin one year
959
134.219
(128,091)
959
158,219
(128,091)
24,000
Total
7,087
24,000
31.087
Analysls of nat assets between funds- prlor perlod
Unrestricted
ftinds
2023
Total
funds
2023
Tangible fixed assets
Current assets
Creditors due within one year
2,588
2,588
164,811
164,811
(164,385) (164,385)
Total
3,014
3,014
Page 32

THE MARGINS PROJECT
(Charitable Incorporated Organlsatlon
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
16. Ponsion commitments
The Margins Project operates a defined contribution pension scheme. The assets of the scheme are held
separately from those of the charity in an independently administered fund. The penslon cost charge
represents conlribulions payable by the charity to the fund. At the balance sheet date contributions of
£444 (2023: £460) were payable to the fund and are Included in creditors.
Page 33