**CHARITY REGISTRATION NUMBER: 1169087**
## **Greater Manchester Neshomo CIO Unaudited Financial Statements 31 March 2023**
## **HAFFNER HOFF LTD**
Accountants 2nd Floor - Parkgates Bury New Road Prestwich Manchester M25 0TL
## **Greater Manchester Neshomo CIO**
## **Financial Statements**
## **Year ended 31 March 2023**
||**Page**|
|---|---|
|Trustees' annual report|**1**|
|Independent examiner's report to the trustees|**10**|
|Statement of financial activities|**11**|
|Statement of financial position|**12**|
|Notes to the financial statements|**13**|
## **Greater Manchester Neshomo CIO**
## **Trustees' Annual Report**
## **Year ended 31 March 2023**
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2023.
## **Reference and administrative details**
|**Registered charity name**|Greater Manchester Neshomo CIO|
|---|---|
|**Charity registration number**|1169087|
|**Principal office**|28 Moor Lane|
||Salford|
||M7 3WX|
|**The trustees**||
||Mrs P J Joseph|
||Dr D Marshall|
||Mrs E Marshall|
||Mr C Moss-Barclay|
||Mrs L Ross|
||Mr M Lowe|
|**Independent examiner**|Mr Howard Schwalbe ACA|
||2nd Floor - Parkgates|
||Bury New Road|
||Prestwich|
||Manchester|
||M25 0TL|
**- 1 -**
## **Greater Manchester Neshomo CIO**
## **Trustees' Annual Report** _**(continued)**_
## **Year ended 31 March 2023**
## **Structure, governance and management**
Greater Manchester Neshomo CIO is constituted as a Charitable Incorporated Organisation (CIO). The CIO was registered with the Charity Commission on 8th September 2016 with its charity number being 1169087.
Recruitment and appointment of new trustees is undertaken in line with the Constitution and with the consent of the trustees. The criteria set for the suitable candidate would be someone who is sensitive to the needs and demands of the organisation.
There is no chief executive officer. The day to day affairs are undertaken by Mrs Raffles on behalf of the trustees. All major decisions are taken collectively by the trustees and all the trustees give of their time freely. The trustees are unpaid and details of any related party transactions are disclosed as applicable in the notes to the accounts. The arrangement for setting the pay of the charity’s employees are the sole domain of the trustees.
A policy and procedure for the induction and training of new trustees is currently being developed and will be implemented in the coming year.
## **Risk review**
The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the Trust, and are satisfied that systems are in place to manage our exposure to the major risks.
The risks faced by the trust are principally operational risks from disclosure of confidential information and safeguarding issues. These risks are managed by the trustees employing appropriate and robust procedures; ensuring close supervision of the staff; and regular feedback from beneficiaries.
Report back and review procedures strengthen these safeguards to ensure public benefit is achieved from all grants.
**- 2 -**
## **Greater Manchester Neshomo CIO**
## **Trustees' Annual Report** _**(continued)**_
## **Year ended 31 March 2023**
## **Objectives and activities**
The objectives of Neshomo are to promote positive mental health in the Jewish Community of Greater Manchester which numbers about 30,000 individuals of all ages. Neshomo aims to assist in recovery and rehabilitation of individuals suffering from mental disorder or conditions of emotional or mental distress and preventing relapse. We also aim to reduce the stigma and apprehension around mental health. Many members of the community are immigrants or descended from immigrants; these include those from Eastern Europe, the Middle East and Africa; in 30% English is not their first language; and the statutory services look to Neshomo to be a bridge in reaching these individuals; they typically have large families; and subsist on low incomes.
Neshomo's aims are achieved through the provision of befriending, mentoring, rehabilitation projects using trained support workers; social prescribing programmes; psycho-education; signposting individuals to appropriate alternative services; and by offering being a resource people can turn to for practical advice. We aim to support the statutory services but do not replace them, whether these are GP, NHS psychiatric or Social Services. We work within the community to reduce stigma about mental health problems and to encourage people to come forward for help before problems escalate to the level of social breakdown, when psychiatric hospital admission may be needed. Every admission that can be avoided saves the NHS thousands of pounds per week.
Data shows that at any one time, up to 5% of the adult community suffer from serious and enduring mental conditions; another 10 - 15% suffer with less disabling conditions. These illnesses affect peoples' personal, social and occupational functioning. It is estimated that Neshomo is dealing with just the tip of the iceberg and that the true number of sufferers is around 2,5000 people in the community.
The Royal College of Psychiatrists has coined the phrase, 'there is no health without mental health'. This refers to the large number of medical and social issues that co-exist in people who suffer with poor mental health, such as higher than average rates of mortality from strokes and heart attacks; social isolation and poor living conditions, unemployment and poverty. Worldwide, one of the leading causes of loss of time from work is the illness of depression.
There are effective treatments for these conditions. Anti-depressants are among the most internationally prescribed medications. The benefits of early intervention and targeted support have a strong evidence base. And the costs of delayed or untreated mental illness is colossal; firstly to the individuals and their families; then, to the NHS and the welfare benefit system; to the over-burdening of A&E departments; to psychiatric wards and to community Mental Health Teams.
Unfortunately, suicides have occurred in the Manchester Jewish community; each one involves a huge financial and emotional cost; and many people's lives are affected.
There are many socio-economic factors which contribute to increased rates of poor mental health which include low educational attainment, chaotic emotional paternal relationships especially in the formative years of childhood; reduced prospects for children where a parent is suffering from a disabling mental health problem.
## **Neshomo's unique role**
Neshomo is making a critical impact in meeting the needs of adults of the Jewish faith who are suffering with mental health problems; many of our clients are amongst the most vulnerable and high-risk people in the Greater Manchester community. This includes those who have self-harmed or who have required in-patient psychiatric treatment. The list of illnesses is extensive: it includes psychosis; OCD; agoraphobia; anxiety; depression; insomnia; self-harm; personality problems; severe chronic pain; ME; learning difficulties; bipolar disorder; those with a history of all forms of abuse; drug
**- 3 -**
## **Greater Manchester Neshomo CIO**
## **Trustees' Annual Report** _**(continued)**_
## **Year ended 31 March 2023**
and alcohol addiction; we also work with family members with these conditions. To meet the increasing demand, we have secured funding from The National Lottery, Postcode Lottery Fund, Assura, Lloyds Bank Trust; and the NHS Salford CCG Innovation & Improvement Fund; and the Greater Manchester Health and Social Care Partnership.
## **The core of Neshomo's work:**
Since its inception in 2015, Neshomo has been providing one hour/week of 1:1 befriending-mentoring to adults with a range of mental health conditions and all levels of religious observance. This is now approximately 2,500 hours per annum. All personnel working with Neshomo are DBS checked; and confidentiality is a core principle. Central to our success is the relationships we build with our clients which is based on sharing with the clients a common religious and cultural background. In the past 2 years we have expanded our range of services, as described below.
## **What are the factors which have been decisive in the success of the Befriending service?**
a. the willingness of our volunteers to offer a commitment to care for another individual; and b. our being able to create a trusting relationship which is unique, being based on our service being culturally sensitive to the clients' needs. This type of support is simply unavailable from the NHS or elsewhere.
## **Lasting impact of Covid-19**
In 2023 many long-term effects of the pandemic are still being felt by members of the community. These include the traumatic effects resulting from the social isolation of lockdowns; some individuals have been left with increased anxiety about re-engaging with other members of the public; some face stresses due to personal bereavements others from the loss of communal rabbis and lay leaders. For some, these stresses have exacerbated already existing mental health problems. In addition, they have also been impacted on by issues affecting the NHS, regarding both for physical and mental health services.
## **Cost of Living Crises**
Our clients are living at a time of a cost-of-living crisis and such is leading to an increase in general anxiety. Many people are seeking help from appropriate agencies, e.g. foodbanks.
## **What We Deliver**
## Hospital Mental Health Link Worker Project.
Many patients from the Manchester Jewish community have complex, serious and enduring mental health issues, many with physical conditions as well. They often suffer social isolation, stigma, difficulties in daily functioning, poor engagement with services. Many experience a revolving door of hospitalisation. Neshomo's Linkworker has an ISA with GMMH, and is involved in hospital discharge planning (also for those in the CPA) and provides trained support workers, who understands their cultural & religious needs, meeting 1-1 to create a goal and safety plan, including bespoke activities (through Neshomo's social prescribing service). To date we have provided over 700 hours of this specialised support to over 25 patients since October 2021. Referrals come from GMMH (CMHT, Inpatient rehabilitation unit, EIT, Home-Based Treatment, Peri-natal Services) and Pennine Care Services (EIT, Outpatient). Discharged patients are matched with a Neshomo volunteer befriender for ongoing support, also allowing for re-referral to the Linkworker service if required. Specific outcomes this project has had are: Reduced number, and length, of hospitalization; reduced need for high doses of medication; increased compliance with medication; improved physical and mental health symptom management; increased self-efficacy, confidence and independence.
## Befriending & Mentoring
Neshomo's trained and qualified outreach workers assess both the client and potential volunteers to appropriately match clients with a supportive volunteer befriender. The volunteer is given training and ongoing support. The volunteer and client meet regularly, helping to overcome isolation, build up their confidence, and achieve a significant improvement in their well-being. We have a strong team who
**- 4 -**
## **Greater Manchester Neshomo CIO**
## **Trustees' Annual Report** _**(continued)**_
## **Year ended 31 March 2023**
recruit, train and supervise adult volunteers to provide 1:1 befriending with our clients. Mental health research shows that befriending can be more effective than costly forms of therapy. Our volunteers number more than 50 adult male and female befrienders who are providing confidential, long term one-to-one support. We estimate that we provided over 2500 hrs of contact last year, when our provision expanded in order to meet the doubling of demand since the start of the Covid-19 pandemic as well as the increased complexity of those coming forward for support.
## Social Prescribing
Clients are encouraged to develop new interests by means of which they can become more activated and able to feel a sense of achievement. They are supported by their befriender or support worker. These bespoke activities are aimed at reducing social isolation by helping to pursue interests and hobbies (e.g. art, walks, shopping, swimming, coffee shop visits, make-up lessons, visits to garden centres) and encouraging the development of independent living skills (e.g. making schedules, de-cluttering paperwork, budgeting, banking, planning meals, shopping, cooking, housework, travelling by public transport).
## Networking
For 6 years Neshomo has convened a monthly Zoom meeting of the Greater Manchester Jewish Mental Health Network (known as the Network). Over 30 agencies are represented including Mental Health practitioners from both statutory and voluntary sectors. This group is open to Jewish organisations which have a mental health input, as well as therapists and counsellors, many of whom practice locally in the community. By means of the Network, we are able to inform regarding our activities and gaps in services; each agency is able to understand how it fits into the patchwork of services and signposting takes place in an entirely confidential manner; for example, to help parents with issues affecting their children, help with benefits; paperwork; accommodation, and food banks. The outcome is to maintain the best level of practice and to assist the clients who present with a wide variety of needs. The network provides a platform for NHS mental health services to link up with local services they may otherwise not meet and the Network is a mouthpiece for the community to offer feedback about provision of NHS services.
## Mental Health Education Outreach and Well-Being Library
Neshomo's Web site www.Neshomo.co provides mental health information and offers links to other organisations. The lending library is of particular importance to the segment of the community that, for religious reasons, chooses not to access the internet, or for those who cannot afford such access. We provide digital tablets to the housebound or those who have no internet in order for them to join in with on line social activities/groups.
## Social Value
In addition to supporting clients our volunteers benefit from their training which is enhancing their confidence and range of skills and knowledge of mental illness. This then is opening up opportunities for them to seek careers in the NHS or care sector and is accepted as relevant experience by professional bodies for eligibility for further professional training; and some have gone on to a career in counselling and psychology.
## **Public benefit**
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities and setting grant making policy for the year. The trustees count among them members who have had lived experience of mental health issues. They actively consult with clients to obtain feedback and to develop the services in accordance with public need.
**- 5 -**
## **Greater Manchester Neshomo CIO**
## **Trustees' Annual Report** _**(continued)**_
## **Year ended 31 March 2023**
## **Grant making policy**
The charity is funded by donations and grants. The charity gives out grants in line with the above objects where applicable.
There were no individual or institutional grants made during the year.
The application of the funds is normally by way of direct charitable activity.
## **Achievements and performance**
The charity received £143,106 in donations and grants during the year and £94,265 was paid out by way of direct charitable activity and support costs.
This expenditure was made in line with the stated objects of the charity and was for the promotion and preservation of mental health. Costs incurred include payments for staff and a consultant as well as room rental for consultations and supervision costs.
The trustees wish to thank all their benefactors for their generosity without which the charity simply would not have been able to provide its vital services.
The charity has low governance costs comprising professional fees.
There were no material fundraising costs during the year.
There were no related party transactions in the reporting period.
There was an overall net incoming of resources and net movement in funds for the year amounting to £48,841 of which £28,914 relates to the restricted fund.
## **How is Neshomo delivering its activities?**
We realise that stigma reduction is a complex issue but attitudes appears to be changing in line with a more open attitude prevalent in the general population. The media also now promotes a more balanced view of mental illness and the lack of provisions for sufferers and their families.
Neshomo has engaged in a programme to counter the stigma of mental illness. We have arranged educational seminars in the community to encourage those with emotional difficulties to apply for appropriate help. In just over one year, we have dealt with over 40 referrals/clients. In some cases we have persuaded the client to seek appropriate help from the statutory agencies which are available.
Public education is aimed at enabling local people to respond more appropriately to individuals with mental health problems. Lectures have dealt with the emotional effects of stress; we have placed adverts in local news sheets and leaflets in Synagogues; and we have liaised with our local GPs. We
**- 6 -**
## **Greater Manchester Neshomo CIO**
## **Trustees' Annual Report** _**(continued)**_
## **Year ended 31 March 2023**
are also collaborating with the local Community Mental Health Teams by means of our networking forum. We are negotiating honorary contracts for our volunteers to attend on the in-patients psychiatric wards of the local hospitals.
We are also working to relieve the intense distress felt by families who are often bewildered by mental breakdown and emotional crises especially during the Covid-19 pandemic. The despair and fear felt by sufferers and their families (particularly parents, spouses and children) is unimaginable. Mental illness is associated with isolation because it often involves feelings of shame and guilt that cannot be shared with others. By alleviating this isolation and suffering we are able to demonstrate that mental illness is not to be feared and endured, but rather, that it can be remedied.
Together with JAMH we are the main voluntary agencies in the Greater Manchester Jewish community that are focusing on preventative work for people with enduring mental illness. The work Neshomo is doing is unique in filling gaps in service provision outside the remit of statutory agencies such as the NHS and Social Services. We have shown our ability to train volunteers and to ensure their competence. There is also a benefit in that our volunteers will have gained valuable life-skills. The savings to the NHS, by preventing the need for re-admissions, is enormous.
## **What has Neshomo achieved as a result of its work?**
We have recruited a further 23 volunteers and the number is growing.
Our evaluation of our work shows the befriending model of care has worked extremely well and those being supported are very keen to see it continue.
A survey of our clients has shown that they were satisfied with both the support services and the approach taken by the befrienders.
The vast majority reported that;
- They felt more able to decide their own future and that support had reduced their social isolation.
- That involvement both improved their mental health and improved their overall wellbeing.
- That their mood from before involvement rose significantly.
## **In Conclusion**
The Trustees are pleased with the success Neshomo has achieved this year. We have a strong group of committed Trustees, a highly professional staff team, a wonderful collection of dedicated volunteers and we know that there is a demand in the community that we are helping to meet at this difficult time of the Covid-19 pandemic.
The work of Neshomo fills a huge gap left by the statutory services by complementing medical and social care, and family support. We firmly believe that in adopting our approach of empowering both the clients and the volunteers we are helping to change the community's perception in a positive direction and are ensuring that in the future, potential clients will see a benefit in being referred for appropriate help. Neshomo is helping local men and women of adult age to integrate back into the community and is providing some measure of relief and stability for their families. We can only imagine the immense relief that this in turn brings to the individuals and their loved ones.
**- 7 -**
## **Greater Manchester Neshomo CIO**
## **Trustees' Annual Report** _**(continued)**_
## **Year ended 31 March 2023**
## **Financial review**
## **Reserves policy**
The Unrestricted Fund represents the unrestricted funds arising from past operating results.
The Trustees are satisfied that the balance of the Fund is an acceptable level of reserves given the nature of revenue receipts against grants payable.
In considering the financial obligations of the charity, the trustees have resolved to maintain a reserve equal to at least six months charity expenditure.
The trustees are delighted to have made many valuable contributions to the community and hope to be able to do so for many years to come.
The free reserves, being the net current assets of the charity stand at £106,610 of which £66,423 relates to the unrestricted fund, and £40,187 to the restricted fund.
## **Increased Costs directly from Covid-19**
Over 50% increase in costs to date for Neshomo with projected costs expected to go much higher. Neshomo outreach workers are recruiting and training 23 new volunteers who are becoming involved in delivering the befriending and mentoring to service users. This creates additional expenses for DBS checks, administrative time and Outreach worker time, interviewing and obtaining references, training and supervision and matching volunteers with clients.
Art therapists and specialist trainers are being encouraged to develop and deliver activities including arts/crafts/planting-gardening and mindfulness sessions.
The existing staff are 2 outreach workers, a case worker, a hospital link worker and administrator; all work on a part time basis and between them provide a total of 24 hours/per week. Neshomo has increased this by an additional 15 hours per week on delivering this project.
Additional costs arise from volunteer recruitment that has involved significant increase in targeted advertising, additional helpline and maintenance of the Neshomo website. We intend to engage a specialist in media communication to connect to all the parties involved in the various activities. We estimate he/she will work 3 hours per week.
Anticipated increased demand resulting from Covid-19: this is over 55% at present and is likely to continue to rise in the foreseeable future.
## **Lost income due to Covid-19**
Not applicable
## **Mitigation measures to reduce costs**
By Neshomo forming a partnership with JAMH we have been able to engage in joint strategic planning to build up services and in regard to service delivery relating to promotional material thus avoiding duplication of effort and maximising use of funding, particularly in regard to advertising. Additional hidden savings accrue from helping community agencies to target their efforts effectively by dealing with the mental health needs of their clientele and by existing agencies to make referrals to statutory services in a timely manner to avoid social breakdown and costly disruption to families that occurs when psychiatric hospital admission is necessitated.
## **Grants applied for:**
Salford CBS; Neshomo and JAMH are part of a BAME bid to Greater Manchester Health and Social Care partnership; joint reaching communities; Jewish Leadership Council; National Lottery Bid.
**- 8 -**
## **Greater Manchester Neshomo CIO**
## **Trustees' Annual Report** _**(continued)**_
## **Year ended 31 March 2023**
## **Responsible and prudent use of accessible reserves:**
We are ensuring to work within structured and secured budgets.
## **The Future**
We will continue to adapt and expand our offer in line with reported need and feedback from service users. We recognise that adaptations that were made perforce due to the pandemic offered some clients a service they found easier to engage with. We intend to continue:
" Attracting new clients with more advertising in local media, and expanding into social media. We also use these media to raise awareness of support available; Neshomo's website records a trebling of hits.
" Increasing direct befriending and mentoring support to clients via face to face, phone and online routes as required in order to reduce anxiety and stress.
" Developing online packages of support and training for volunteers to ensure sensitivity to clients' changing mental states (Covid related or otherwise). Particular focus on use of voice in phone calls to ensure clients are calmed and trust is maintained; and listening for signs of mental strain.
" Further developing new courses for engagement including arts, crafts, planting and gardening and music activities, all with specialist sessional workers. In addition, supporting Zoom group participation to improve a sense of peer linkage and wellbeing.
" Neshomo is offering separate male and female mindfulness support sessions over Zoom; to help deal with loss of routine, family issues, loss of jobs and income; loss of supporting outlets.
" Our Covid-19 project has considered issues of equalities and diversity, being designed to meet the cultural of religious sensitivity of the considerably different sections of the community of Greater Manchester.
The trustees' annual report was approved on 8 June 2023 and signed on behalf of the board of trustees by:
## **Dr D Marshall**
Trustee
**- 9 -**
## **Greater Manchester Neshomo CIO**
## **Independent Examiner's Report to the Trustees of Greater Manchester Neshomo CIO**
## **Year ended 31 March 2023**
I report to the trustees on my examination of the financial statements of Greater Manchester Neshomo CIO ('the charity') for the year ended 31 March 2023.
## **Responsibilities and basis of report**
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 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**
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 financial statements do not accord with those records; or
3. the financial statements 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.
## **Mr Howard Schwalbe ACA**
Independent Examiner
2nd Floor - Parkgates Bury New Road Prestwich Manchester M25 0TL
8 June 2023
**- 10 -**
## **Greater Manchester Neshomo CIO**
## **Statement of Financial Activities**
## **Year ended 31 March 2023**
||||**2023**||2022|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|||
|||funds|funds|**Total funds**|Total funds|
||**Note**|**£**|**£**|**£**|£|
|**Income and endowments**||||||
|Donations and legacies|**4**|27,809|115,297|**143,106**|81,584|
|||----------------------------|--------------------------------|--------------------------------|----------------------------|
|**Total income**||27,809|115,297|**143,106**|81,584|
|||============================|================================|================================|============================|
|**Expenditure**||||||
|Expenditure on charitable activities|**5,6**|7,882|86,383|**94,265**|61,323|
|||----------------------------|--------------------------------|--------------------------------|----------------------------|
|**Total expenditure**||7,882|86,383|**94,265**|61,323|
|||============================|================================|================================|============================|
|||----------------------------|--------------------------------|--------------------------------|----------------------------|
|**Net income and net movement in**|**funds**|19,927|28,914|**48,841**|20,261|
|||============================|================================|================================|============================|
|**Reconciliation of funds**||||||
|Total funds brought forward||46,496|11,273|**57,769**|37,508|
|||----------------------------|--------------------------------|--------------------------------|----------------------------|
|**Total funds carried forward**||66,423|40,187|**106,610**|57,769|
|||============================|================================|================================|============================|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
**The notes on pages 13 to 19 form part of these financial statements.**
**- 11 -**
## **Greater Manchester Neshomo CIO**
## **Statement of Financial Position**
## **31 March 2023**
|||**2023**||2022|
|---|---|---|---|---|
||**Note**|**£**|**£**|£|
|**Current assets**|||||
|Cash at bank and in hand||**107,630**||58,729|
|**Creditors: amounts falling due within one year**|**11**|**1,020**||960|
|||--------------------------------||----------------------------|
|**Net current assets**|||**106,610**|57,769|
||||--------------------------------|----------------------------|
|**Total assets less current liabilities**|||**106,610**|57,769|
||||--------------------------------|----------------------------|
|**Net assets**|||**106,610**|57,769|
||||================================|============================|
|**Funds of the charity**|||||
|Restricted funds|||**40,187**|11,273|
|Unrestricted funds|||**66,423**|46,496|
||||--------------------------------|----------------------------|
|**Total charity funds**|**12**||**106,610**|57,769|
||||================================|============================|
These financial statements were approved by the board of trustees and authorised for issue on 8 June 2023, and are signed on behalf of the board by:
**Dr D Marshall** Trustee
**The notes on pages 13 to 19 form part of these financial statements.**
**- 12 -**
## **Greater Manchester Neshomo CIO**
## **Notes to the Financial Statements**
## **Year ended 31 March 2023**
## **1. General information**
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 28 Moor Lane, Salford, M7 3WX.
## **2. Statement of compliance**
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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 (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.
## **3. Accounting policies**
## **Basis of preparation**
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
## **Going concern**
There are no material uncertainties about the charity's ability to continue.
## **Fair value**
Debtors and creditors are stated at fair value.
## **Judgements and key sources of estimation uncertainty**
The preparation of the financial statements did not require management to make judgements, estimates or assumptions that affect the amounts reported.
## **Fund accounting**
Unrestricted funds held by the charity are funds that can be used in accordance with the charitable objects at the discretion of the trustees.
The restricted fund represents the balance of amounts received from grant making authorities.
**- 13 -**
## **Greater Manchester Neshomo CIO**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2023**
## **3. Accounting policies** _**(continued)**_
## **Incoming resources**
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
- income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
- legacy income is recognised when receipt is probable and entitlement is established.
- income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
- income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
## **Resources expended**
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
- expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
- expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
- other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
## **Financial instruments**
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
**- 14 -**
**Greater Manchester Neshomo CIO**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2023**
## **3. Accounting policies** _**(continued)**_
## **Financial instruments** _**(continued)**_
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
## **4. Donations and legacies**
||Unrestricted|Restricted|**Total Funds**|
|---|---|---|---|
||Funds|Funds|**2023**|
||£|£|**£**|
|**Donations**||||
|Donations|559|–|**559**|
**- 15 -**
## **Greater Manchester Neshomo CIO**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2023**
## **4. Donations and legacies** _**(continued)**_
|||Unrestricted|Restricted|**Total Funds**|
|---|---|---|---|---|
|||Funds|Funds|**2023**|
|||£|£|**£**|
||**Grants**||||
||G M H S C P|–|22,128|**22,128**|
||NHS Innovation|–|55,890|**55,890**|
||T N L Communities Fund|–|17,979|**17,979**|
||Postcode Lottery|–|–|**–**|
||Lloyds Bank Foundation|27,250|–|**27,250**|
||Assura|–|–|**–**|
||Faith new deal|–|11,800|**11,800**|
||Other grants|–|7,500|**7,500**|
|||----------------------------|--------------------------------|--------------------------------|
|||27,809|115,297|**143,106**|
|||============================|================================|================================|
|||Unrestricted|Restricted|Total Funds|
|||Funds|Funds|2022|
|||£|£|£|
||**Donations**||||
||Donations|5,050|–|5,050|
||**Grants**||||
||G M H S C P|–|24,568|24,568|
||NHS Innovation|–|–|–|
||T N L Communities Fund|–|8,356|8,356|
||Postcode Lottery|–|10,110|10,110|
||Lloyds Bank Foundation|25,000|–|25,000|
||Assura|–|5,000|5,000|
||Faith new deal|–|–|–|
||Other grants|3,500|–|3,500|
|||----------------------------|----------------------------|----------------------------|
|||33,550|48,034|81,584|
|||============================|============================|============================|
|**5.**|**Expenditure on charitable activities by fund type**||||
|||Unrestricted|Restricted|**Total Funds**|
|||Funds|Funds|**2023**|
|||£|£|**£**|
||Relief and rehabilitation of mental health issues|2,810|82,419|**85,229**|
||Support costs|5,072|3,964|**9,036**|
|||-----------------------|----------------------------|----------------------------|
|||7,882|86,383|**94,265**|
|||=======================|============================|============================|
|||Unrestricted|Restricted|Total Funds|
|||Funds|Funds|2022|
|||£|£|£|
||Relief and rehabilitation of mental health issues|18,702|38,761|57,462|
||Support costs|3,860|–|3,861|
|||----------------------------|----------------------------|----------------------------|
|||22,562|38,761|61,323|
|||============================|============================|============================|
**- 16 -**
## **Greater Manchester Neshomo CIO**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2023**
## **6. Expenditure on charitable activities by activity type**
||Activities||||
|---|---|---|---|---|
||undertaken|Support|**Total funds**|Total fund|
||directly|costs|**2023**|2022|
||£|£|**£**|£|
|Relief and rehabilitation of mental|||||
|health issues|85,229|8,014|**93,243**|59,462|
|Governance costs|–|1,022|**1,022**|1,861|
||----------------------------|-----------------------|----------------------------|----------------------------|
||85,229|9,036|**94,265**|61,323|
||============================|=======================|============================|============================|
No salaries, wages or expenses have been paid to the trustees during the period. There have been no related party transactions in the year.
## **7. Analysis of support costs**
||Analysis of|||
|---|---|---|---|
||support costs|**Total 2023**|Total 2022|
||£|**£**|£|
|General office|8,014|**8,014**|2,000|
|Governance costs|1,022|**1,022**|1,861|
||-----------------------|-----------------------|-----------------------|
||9,036|**9,036**|3,861|
||=======================|=======================|=======================|
|**Independent examination fees**||||
|||**2023**|2022|
|||**£**|£|
|Fees payable to the independent examiner for:||||
|Independent examination of the financial statements||**1,020**|960|
|||=======================|==============|
## **8. Independent examination fees**
## **9. Staff costs**
The total staff costs and employee benefits for the reporting period are analysed as follows:
||**2023**|2022|
|---|---|---|
||**£**|£|
|Wages and salaries|**74,297**|48,276|
||============================|============================|
|The average head count of employees during the year was 4 (2022: 4). The average|The average head count of employees during the year was 4 (2022: 4). The average|number of|
|---|---|---|
|full-time equivalent employees during the year is analysed as follows:|||
||**2023**|2022|
||**No.**|No.|
|Number of outreach workers and consultants|**4**|4|
||==============|==============|
No employee received employee benefits of more than £60,000 during the year (2022: Nil).
## **10. Trustee remuneration and expenses**
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
**- 17 -**
## **Greater Manchester Neshomo CIO**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2023**
## **11. Creditors: amounts falling due within one year**
||||**2023**|2022|
|---|---|---|---|---|
||||**£**|£|
|Accruals and deferred income|||**1,020**|960|
||||=======================|==============|
|**Analysis of charitable funds**|||||
|**Unrestricted funds**|||||
||At 01|||**At 31**|
||Apr 2022|Income|Expenditure|**Mar 2023**|
||£|£|£|**£**|
|General funds|46,496|27,809|(7,882)|**66,423**|
||============================|============================|=======================|============================|
||At 01|||At 31|
||Apr 2021|Income|Expenditure|Mar 2022|
||£|£|£|£|
|General funds|35,508|33,550|(22,562)|46,496|
||============================|============================|============================|============================|
|**Restricted funds**|||||
||At 01|||**At 31**|
||Apr 2022|Income|Expenditure|**Mar 2023**|
||£|£|£|**£**|
|Restricted fund from grant making|||||
|authorities|11,273|115,297|(86,383)|**40,187**|
||============================|================================|============================|============================|
||At 01|||At 31|
||Apr 2021|Income|Expenditure|Mar 2022|
||£|£|£|£|
|Restricted fund from grant making|||||
|authorities|2,000|48,034|(38,761)|11,273|
||=======================|============================|============================|============================|
## **12. Analysis of charitable funds**
**- 18 -**
## **Greater Manchester Neshomo CIO**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2023**
## **13. Analysis of net assets between funds**
||Unrestricted|**Total Funds**|
|---|---|---|
||Funds|**2023**|
||£|**£**|
|Current assets|107,630|**107,630**|
|Creditors less than 1 year|(1,020)|
**(1,020)**|
||--------------------------------|--------------------------------|
|**Net assets**|106,610|**106,610**|
||================================|================================|
||Unrestricted|Total Funds|
||Funds|2022|
||£|£|
|Current assets|58,729|58,729|
|Creditors less than 1 year|(960)|
(960)|
||----------------------------|----------------------------|
|**Net assets**|57,769|57,769|
||============================|============================|
## **14. Taxation**
Greater Manchester Neshomo CIO is a registered charity and therefore is not liable to income tax or corporation tax on income derived from its charitable activities, as it falls within the various exemptions available to registered charities
**- 19 -**