Docusign Envelope ID: CCD1B0A5-E890-4FC1-BF1B-B2765C100FEF Docusign Envelope ID: CCD1B0A5-E890-4FC1-BF1B-B2765C100FEF Docusign Envelope ID: CCD1B0A5-E890-4FC1-BF1B-B2765C100FEF Docusign Envelope ID: CCD1B0A5-E890-4FC1-BF1B-B2765C100FEF Docusign Envelope ID: CCD1B0A5-E890-4FC1-BF1B-B2765C100FEF Docusign Envelope ID: CCD1B0A5-E890-4FC1-BF1B-B2765C100FEF Docusign Envelope ID: CCD1B0A5-E890-4FC1-BF1B-B2765C100FEF Docusign Envelope ID: CCD1B0A5-E890-4FC1-BF1B-B2765C100FEF tat "he Docusign Envelope ID: CCD1B0A5-E890-4FC1-BF1B-B2765C100FEF Docusign Envelope ID: CCD1B0A5-E890-4FC1-BF1B-B2765C100FEF Docusign Envelope ID: CCD1B0A5-E890-4FC1-BF1B-B2765C100FEF Docusign Envelope ID: CCD1B0A5-E890-4FC1-BF1B-B2765C100FEF Docusign Envelope ID: CCD1B0A5-E890-4FC1-BF1B-B2765C100FEF Docusign Envelope ID: CCD1B0A5-E890-4FC1-BF1B-B2765C100FEF Docusign Envelope ID: CCD1B0A5-E890-4FC1-BF1B-B2765C100FEF Docusign Envelope ID: CCD1B0A5-E890-4FC1-BF1B-B2765C100FEF Docusign Envelope ID: CCD1B0A5-E890-4FC1-BF1B-B2765C100FEF OO—SSSCSCSCsitis Docusign Envelope ID: CCD1B0A5-E890-4FC1-BF1B-B2765C100FEF Docusign Envelope ID: CCD1B0A5-E890-4FC1-BF1B-B2765C100FEF Docusign Envelope ID: CCD1B0A5-E890-4FC1-BF1B-B2765C100FEF Docusign Envelope ID: CCD1B0A5-E890-4FC1-BF1B-B2765C100FEF Docusign Envelope ID: CCD1B0A5-E890-4FC1-BF1B-B2765C100FEF Docusign Envelope ID: CCD1B0A5-E890-4FC1-BF1B-B2765C100FEF Docusign Envelope ID: CCD1B0A5-E890-4FC1-BF1B-B2765C100FEF Docusign Envelope ID: CCD1B0A5-E890-4FC1-BF1B-B2765C100FEF Docusign Envelope ID: CCD1B0A5-E890-4FC1-BF1B-B2765C100FEF Docusign Envelope ID: CCD1B0A5-E890-4FC1-BF1B-B2765C100FEF Docusign Envelope ID: CCD1B0A5-E890-4FC1-BF1B-B2765C100FEF Docusign Envelope ID: CCD1B0A5-E890-4FC1-BF1B-B2765C100FEF Docusign Envelope ID: CCD1B0A5-E890-4FC1-BF1B-B2765C100FEF Docusign Envelope ID: CCD1B0A5-E890-4FC1-BF1B-B2765C100FEF Docusign Envelope ID: CCD1B0A5-E890-4FC1-BF1B-B2765C100FEF ~~eee~~ Docusign Envelope ID: CCD1B0A5-E890-4FC1-BF1B-B2765C100FEF Docusign Envelope ID: CCD1B0A5-E890-4FC1-BF1B-B2765C100FEF Sriharsha Nagaraj George Wright a Docusign Envelope ID: CCD1B0A5-E890-4FC1-BF1B-B2765C100FEF ## **Europia (Charitable Incorporated Organisation)** ## **Independent Examiner’s Report to the Trustees of Europia** ## **Year Ended 31 March 2024** I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 March 2024 which comprises the Statement of Financial Activities, Balance Sheet and Notes to the Financial Statements. ## **Responsibilities and basis of report** As the Trustees of Europia 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 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. ## **Independent 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 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form 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 fair 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 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. ## **Tor Stringfellow FCA, ICAEW** Williamson & Croft Audit Ltd York House 20 York Street Manchester M2 3BB Date: 21[st] October 2024 **37** Docusign Envelope ID: CCD1B0A5-E890-4FC1-BF1B-B2765C100FEF ## **Europia (Charitable Incorporated Organisation)** ## **Statement of Financial Activities** ## **Year Ended 31 March 2024** |**Note**
**Income and endowments from:**
Donations and legacies
**2**
Charitable activities
**3**
**Total income and endowments**
**Expenditure on:**
Raising funds
**4**
Charitable activities
**5**
**Total expenditure**
**Net movement in funds**
**13**
**Reconciliation of funds:**
Total funds brought forward
**13**
**Total funds carried forward**
**13**|**2024**
_2023_
**_Restricted_**
**_funds_**
**_Unrestricted_**
**_funds_**
**Total**
_Total_
**_£_**
**_£_**
**£**
_£_
**_277,389_**
**_96,200_**
**373,589**
_185,189_
**_28,322_**
**_126,250_**
**154,572**
_171,000_| |---|---| ||**_305,711_**
**_222,450_**
**528,161**
_356,189_
**_-_**
**_8,806_**
**8,806**
_7,032_
**_271,243_**
**_259,803_**
**531,046**
_388,537_| ||**_271,243_**
**_268,609_**
**539,852**
_395,569_| ||**_34,468_**
**_(46,159)_**
**(11,691)**
_(39,380)_
**_40,503_**
**_68,967_**
**109,470**
_148,850_| ||**_74,971_**
**_22,808_**
**97,779**
_109,470_| All income and expenditure derive from continuing activities. The statement of financial activities includes all gains and losses recognised during the year. The notes on pages 40 to 49 form part of these financial statements. **38** Docusign Envelope ID: CCD1B0A5-E890-4FC1-BF1B-B2765C100FEF ## **Europia (Charitable Incorporated Organisation)** ## **Balance Sheet** ## **Year Ended 31 March 2024** |||**2024**|_2023_| |---|---|---|---| ||**Note**|**£**|_£_| |**Fixed assets**|||| |Tangible assets|**9**|**2,107**|_7,212_| |||**2,107**|_7,212_| |**Current assets**|||| |Debtors|**10**|**20,679**|_24,013_| |Cash at bank and in hand||**110,525**|_127,874_| |||**131,204**|_151,887_| |**Creditors: amounts falling due within one year**|**11**|**19,637**|_26,105_| |**Net current assets**||**111,567**|_125,782_| |**Creditors: amounts falling due after more than one year**|**12**|**15,895**|_23,524_| |**Net assets**||**97,779**|_109,470_| |**Charity Funds**|||| |Restricted funds|**13**|**74,971**|_40,503_| |Unrestricted funds|**13**|**22,808**|_68,967_| |**Total charity funds**|**13**|**97,779**|_109,470_| The financial statements were approved and authorised for issue by the Board of Trustees on 21[st] October 2024. Signed on behalf of the board of Trustees Ga by: 892805A6D902479... Mr. George Wright **Trustee** DocuSigned by: [Sribarsa Mr Sriharsha Nagaraj **Trustee** The notes on pages 40 to 49 form part of these financial statements. **39** Docusign Envelope ID: CCD1B0A5-E890-4FC1-BF1B-B2765C100FEF ## **Europia (Charitable Incorporated Organisation)** ## **Notes to the Financial Statements** ## **Year Ended 31 March 2024** ## **1 Summary of significant accounting policies** ## **(a) General information and basis of preparation** Europia is a Charitable Incorporated Organisation registered in England and Wales. The address of the registered office is given in the charity information on page 8 of these financial statements. The nature of the charity’s operations and principal activities are included on page 7. The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, and UK Generally Accepted Accounting Practice. The financial statements are prepared on a going concern basis under the historical cost convention. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. ## **(b) Funds** Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity 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 charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. ## **(c) Income recognition** All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received. For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled. No amount is included in the financial statements for volunteer time in line with the SORP. Income from trading activities includes income earned from fundraising events and trading activities to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred. Income from government and other grants are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred. **40** Docusign Envelope ID: CCD1B0A5-E890-4FC1-BF1B-B2765C100FEF ## **Europia (Charitable Incorporated Organisation)** ## **Notes to the Financial Statements** ## **Year Ended 31 March 2024** ## **1 Summary of significant accounting policies** ## **(d) Expenditure recognition** All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following headings: ## _Expenditure on charitable activities_ Comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. ## _Expenditure on raising funds_ Comprises costs which are directly attributable to the charity’s fund-raising activities for its charitable purposes and includes costs of all fundraising events and non-charitable trading. Irrecoverable VAT is charged as an expense against the activity for which expenditure arose. Grants payable to third parties are within the charitable objectives. Where unconditional grants are offered, this is accrued as soon as the recipient is notified of the grant, as this gives rise to a reasonable expectation that the recipient will receive the grants. Where grants are conditional relating to performance then the grant is only accrued when any unfulfilled conditions are outside of the control of the charity. ## **(e) Tangible fixed assets** Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows: Computer equipment 33% straight line ## **(f) Debtors and creditors receivable / payable within one year** Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure. ## **(g) Concessionary loans** Concessionary loans include those payable to a third party which are interest free or below market interest rates and are made to advance charitable purposes. All loans are measured at cost, less impairment. Where the loan is repayable more than one year, the loan is initially measured at fair value and subsequently measured at amortised cost using the effective interest rate method, less impairment. ## **(h) Foreign currency** Foreign currency transactions are initially recognised by applying to the foreign currency amount the spot exchange rate between the functional currency and the foreign currency at the date of the transaction. Monetary assets and liabilities denominated in a foreign currency at the balance sheet date are translated using the closing rate. **41** Docusign Envelope ID: CCD1B0A5-E890-4FC1-BF1B-B2765C100FEF ## **Europia (Charitable Incorporated Organisation)** ## **Notes to the Financial Statements** ## **Year Ended 31 March 2024** ## **1 Summary of significant accounting policies** ## **(i) Employee benefits** When employees have rendered service to the charity, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service. The charity operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable. ## **(j) Tax** The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 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 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. ## **(k) Going concern** The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern. ## **2 Income from donations and legacies** |Donations
Grants
Donations
Grants|**_Restricted_**
**_funds_**
**_2024_**
**_Unrestricted_**
**_funds_**
**_2024_**
**Total**
**2024**
**_£_**
**_£_**
**£**
**_-_**
**_2,710_**
**2,710**
**_277,389_**
**_93,490_**
**370,879**| |---|---| ||**_277,389_**
**_96,200_**
**373,589**| ||_Restricted_
_funds_
_2023_
_Unrestricted_
_funds_
_2023_
Total
2023
_£_
_£_
£
_-_
_9,169_
9,169
_47,988_
_128,032_
176,020| ||_47,988_
_137,201_
185,189| **42** Docusign Envelope ID: CCD1B0A5-E890-4FC1-BF1B-B2765C100FEF ## **Europia (Charitable Incorporated Organisation)** ## **Notes to the Financial Statements** ## **Year Ended 31 March 2024** ## **3 Income from charitable activities** |Community support
Other income
Community support
Other income
**Analysis of expenditure on raising funds**
Advertising and marketing
Advertising and marketing|**_Restricted_**
**_funds_**
**_2024_**
**_£_**
**_3,872_**
**_24,450_**|
**_Unrestricted_**
**_funds_**
**_2024_**
**Total**
**2024**
**_£_**
**£**
**_126,250_**
**130,122**
**_-_**
**24,450**| |---|---|---| ||**_28,322_**|**_126,250_**
**154,572**| ||_Restricted_
_funds_
_2023_
_£_
_117,160_
_4,117_|

_Unrestricted_
_funds_
_2023_
Total
2023
_£_
£
_45,844_
163,004
_3,879_
7,996| ||_121,277_|_49,723_
171,000| |||**_Unrestricted_**
**_funds_**
**_2024_**
**Total**
**2024**
**_£_**
**£**
**_8,806_**
**8,806**| |||_Unrestricted_
_funds_
_2023_
Total
2023
_£_
£
_7,032_
7,032| ## **4 Analysis of expenditure on raising funds** **43** Docusign Envelope ID: CCD1B0A5-E890-4FC1-BF1B-B2765C100FEF ## **Europia (Charitable Incorporated Organisation)** ## **Notes to the Financial Statements** ## **Year Ended 31 March 2024** ## **5 Analysis of expenditure on charitable activities** |Staff costs
Training
Freelance workers
Meeting costs
Staff travel
Contractors
Donations
Depreciation
Interest and fees payable on loans
Computer & website
Professional fees
Telephone
Rent & rates
Insurance
Post, printing & stationery
Other
Staff costs
Training
Freelance workers
Meeting costs
Staff travel
Contractors
Depreciation
Interest and fees payable on loans
Computer & website
Professional fees
Telephone
Rent & rates
Insurance
Post, printing & stationery
Other|**_Activities_**
**_undertaken_**
**_directly_**
**_Support_**
**_costs_**
**Total**
**_2024_**
**_2024_**
**2024**
**_£_**
**_£_**
**£**
**347,992**
**_-_**
**347,992**
**_16,572_**
**_-_**
**16,572**
**_48,389_**
**_-_**
**48,389**
**_7,251_**
**_-_**
**7,251**
**_17,748_**
**_-_**
**17,748**
**_33,455_**
**_-_**
**33,455**
**_41_**
**_-_**
**41**
**_-_**
**_5,105_**
**5,105**
**_-_**
**_2,392_**
**2,392**
**_-_**
**_13,373_**
**13,373**
**_-_**
**_7,099_**
**7,099**
**_-_**
**_1,812_**
**1,812**
**_-_**
**_19,424_**
**19,424**
**_-_**
**_1,983_**
**1,983**
**_-_**
**_2,192_**
**2,192**
**_-_**
**_6,218_**
**6,218**| |---|---| ||**_471,448_**
**_59,598_**
**531,046**| ||_Activities_
_undertaken_
_directly_
_Support_
_costs_
Total
_2023_
_2023_
2023
_£_
_£_
£
_242,511_
_-_
242,511
_15,113_
_-_
15,113
_25,631_
_-_
25,631
_4,454_
_-_
4,454
_2,757_
_-_
2,757
_42,697_
_-_
42,697
_-_
_5,202_
5,202
_-_
_2,646_
2,646
_-_
_11,658_
11,658
_-_
_7,478_
7,478
_-_
_2,747_
2,747
_-_
_15,933_
15,933
_-_
_1,223_
1,223
_-_
_1,967_
1,967
_-_
_6,520_
6,520| ||_333,163_
_55,374_
388,537| £271,243 (2023: £154,625) of the above costs were attributable to restricted funds. £259,803 (2023: £233,912) of the above costs were attributable to unrestricted funds. **44** Docusign Envelope ID: CCD1B0A5-E890-4FC1-BF1B-B2765C100FEF ## **Europia (Charitable Incorporated Organisation)** ## **Notes to the Financial Statements** ## **Year Ended 31 March 2024** ## **6 Independent examiner’s remuneration** The independent examiner’s remuneration amounts to an independent examination fee of £1,050 (2023: £1,000) and fees for preparation of the financial statements of £675 (2023: £650). ## **7 Staff costs and employee benefits** The average monthly number of employees and full time equivalent (FTE) during the year was as follows: |Support staff
The total staff costs and employee benefits were as follows:
Wages and salaries
Social security
Defined contribution pension costs|**2024**
_2023_
**Number**
_Number_
**15**
_13_| |---|---| ||**2024**
_2023_
**£**
_£_
**320,535**
_227,000_
**20,884**
_11,576_
**6,573**
_3,935_
**347,992**
_242,511_| No employees received total employee benefits (excluding employer pension costs) of more than £60,000. ## **8 Trustees' and key management personnel remuneration and expenses** The key management personnel of the charity comprised the Chief Executive Officer, Operations Manager, Service Manager and Partnership & Communications Manager. The total employee benefits of the key management personnel of the charity for the year were £105,754 (2023: £115,097). The Trustees neither received nor waived any remuneration during the year (2023: £Nil). The Trustees did not have any expenses reimbursed during the year (2023: £Nil). **45** Docusign Envelope ID: CCD1B0A5-E890-4FC1-BF1B-B2765C100FEF ## **Europia (Charitable Incorporated Organisation)** ## **Notes to the Financial Statements** ## **Year Ended 31 March 2024** ## **9 Tangible fixed assets** |**_Cost or valuation:_**
At 1 April 2023
Additions
At 31 March 2024
**_Depreciation:_**
At 1 April 2023
Charge for the year
At 31 March 2024
**_Net book value:_**
At 31 March 2024
At 31 March 2023
**10**
**Debtors**
Trade receivables
Accrued income
**11**
**Creditors: amounts falling due within one year**
Other loans
Trade payables
Other taxation and social security
Pension creditor
Other creditors
Accruals and deferred income|**Computer**
**equipment**
**Total**
**£**
**£**
15,737
15,737
-
-| |---|---| ||**15,737**
**15,737**| ||8,525
8,525
5,105
5,105| ||**13,630**
**13,630**| ||**2,107**
**2,107**| ||_7,212_
_7,212_| ||**2024**
_2023_
**£**
_£_
**4,529**
_24,013_
**16,150**
_-_| ||**20,679**
_24,013_| ||**2024**
_2023_
**£**
_£_
**7,629**
_7,630_
**5,067**
_9,378_
**4,218**
_6,128_
**998**
_1,319_
**-**
_-_
**1,725**
_1,650_| ||**19,637**
_26,105_| **46** Docusign Envelope ID: CCD1B0A5-E890-4FC1-BF1B-B2765C100FEF ## **Europia (Charitable Incorporated Organisation)** ## **Notes to the Financial Statements** ## **Year Ended 31 March 2024** ## **12 Creditors: amounts falling due after more than one year** |Other loans|**2024**
_2023_
**£**
_£_
**15,895**
_23,524_| |---|---| ||**15,895**
_23,524_| Other loans represents a Social Investment Loan (SIL) of £36,240 from Access to Growth. The loan is provided unsecured and is repayable by 60 monthly instalments with the final payment due in April 2027. Interest is payable on the loan at a rate of 6.60% per annum. ## **13 Statement of funds** |**Unrestricted funds**
General funds
**Restricted funds**
Equalities Fund Europia
GMCVO
Heritage Fund
Home Office
Our Manchester (MCC)
National Lottery - Reaching
Communities
Salford CVS
Social Prescribing Fund (SPF)
Vesta
Violence Reduction Unit (VRU)
Voices of Ukrainians (VoU)
Walking Fund
We Love Mcr – Hardship Fund
**Total of funds**|_Balance at_
_1 April_
_2023_
**_Income_**
**_Expenditure_**
**Balance at**
**31 March**
**2024**
_£_
**_£_**
**_£_**
**£**
_68,967_
**_222,450_**
**_268,609_**
**22,808**| |---|---| ||_13,015_
**_5,579_**
**_18,594_**
**-**
_19,988_
**_-_**
**_19,988_**
**-**
_-_
**_74,971_**
**_-_**
**74,971**
_-_
**_74,400_**
**_74,400_**
**-**
_-_
**_40,020_**
**_40,020_**
**-**
_-_
**_64,931_**
**_64,931_**
**-**
_4,500_
**_20,000_**
**_24,500_**
**-**
_-_
**_3,000_**
**_3,000_**
**-**
_-_
**_3,435_**
**_3,435_**
**-**
_-_
**_4,000_**
**_4,000_**
**-**
_-_
**_10,400_**
**_10,400_**
**-**
_-_
**_4,975_**
**_4,975_**
**-**
_3,000_
**_-_**
**_3,000_**
**-**| ||_40,503_
**_305,711_**
**_271,243_**
**74,971**| ||_109,470_
**_528,161_**
**_539,852_**
**_97,779_**| **47** Docusign Envelope ID: CCD1B0A5-E890-4FC1-BF1B-B2765C100FEF ## **Europia (Charitable Incorporated Organisation)** ## **Notes to the Financial Statements** ## **Year Ended 31 March 2024** ## **13 Statement of funds** _**(continued)**_ ## **Fund descriptions** ## _Unrestricted funds_ General funds are unrestricted income funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity. ## _Restricted funds_ Restricted funds are used for community support projects involving the European expatriate community. ## **Analysis of net assets between funds** ## **Analysis of net assets between funds – current year** |Tangible fixed assets
Current assets
Creditors due within one year
Creditors due after more than one year
**Total**|**_Restricted_**
**_funds_**
**_Unrestricted_**
**_funds_**
**Total**
**_2024_**
**_2024_**
**2024**
**_£_**
**_£_**
**£**
**_-_**
**_2,107_**
**2,107**
**_74,971_**
**_56,233_**
**131,204**
**_-_**
**_(_19,637****_)_**
**(19,637)**
**_-_**
**_(15,895)_**
**(15,895)**| |---|---| ||**_74,971_**
**_22,808_**
**97,779**| ## **Analysis of net assets between funds – prior year** |Tangible fixed assets
Current assets
Creditors due within one year
Creditors due after more than one year
**Total**|_Restricted_
_funds_
_Unrestricted_
_funds_
Total
_2023_
_2023_
2023
_£_
_£_
£
_-_
_7,212_
7,212
_40,503_
_111,384_
151,887
_-_
_(26,105)_
(26,105)
_-_
_(23,524)_
(23,524)| |---|---| ||_40,503_
_68,967_
109,470| ## **14 Pension commitments** The charity 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 pension cost charge represents contributions payable by the charity to the fund and amounted to £6,573 (2023: £3,935). Amounts of £998 (2023: £1,319) which were payable to the fund at the balance sheet date and are included in creditors. **48** Docusign Envelope ID: CCD1B0A5-E890-4FC1-BF1B-B2765C100FEF ## **Europia (Charitable Incorporated Organisation)** ## **Notes to the Financial Statements** ## **Year Ended 31 March 2024** ## **15 Related party transactions** During the prior year, the charity operated a loan account with the Executive Director. They are regarded as a related party due to their ability to influence policy and make operational decisions for the Charity. At 31 March 2024, Europia owed the individual £Nil (2023: £Nil; and 2022: £39). There were no repayments terms on this loan and interest was not charged. ## **16 Taxation** The charity is a registered charity and is therefore exempt from taxation. **49**