2024-03-31-accounts

CHARITY REGISTRATION NUMBER: 1169087

Greater Manchester Neshomo CIO Unaudited Financial Statements 31 March 2024

HAFFNER HOFF LTD

Accountants 2nd Floor - Parkgates Bury New Road Prestwich Manchester M25 0TL

Greater Manchester Neshomo CIO

Financial Statements

Year ended 31 March 2024

	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 2024

The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2024.

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	(Retired 1 July 2023)
	Mr C Sayers	(Retired 27 September 2024)
	Mr M Lowe
	Mr M Bookman	(Appointed 27 September 2024)
Independent examiner	Mr Howard Schwalbe ACA
	2nd Floor - Parkgates
	Bury New Road
	Prestwich
	Manchester
	M25 0TL

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Greater Manchester Neshomo CIO

Trustees' Annual Report (continued)

Year ended 31 March 2024

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 including its clients, team of staff and volunteers and the delivery of its constitution.

The day to day affairs are undertaken by the general manager Mrs Sherelle Dresner 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 is the sole domain of the trustees.

The charity has a full system for the training and induction of new trustees.

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.

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Greater Manchester Neshomo CIO

Trustees' Annual Report (continued)

Year ended 31 March 2024

Chair's report: Objectives and activities

Neshomo promotes 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. In the community many members 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, a support and rehabilitation project using trained support workers; social prescribing programmes; psycho-education; community education, signposting individuals to appropriate alternative services; and by 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. Additionally we provide training to local services and organisations on the cultural and religious needs of adults with mental health challenges from the Jewish community. 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 health conditions; another 10 - 15% suffer with less disabling conditions. These illnesses affect peoples' personal, social and occupational functioning. It is estimated that mental health affects around 2,500 people in the Manchester Jewish 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.

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 parental 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 with many of our clients 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, or community 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 and alcohol addiction; we also work with family members of those with these conditions.

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Greater Manchester Neshomo CIO

Trustees' Annual Report (continued)

Year ended 31 March 2024

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 and is carried out by volunteer befrienders. 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 our clients a common religious and cultural background. The factors which have been decisive in the success of the befriending service are; 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 2023-2024 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 as such is leading to an increase in general anxiety. Many people are seeking help from appropriate agencies, e.g. foodbanks.

What We Deliver

Support Worker Service.

Working with people from the Manchester Jewish community with 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 has an ISA with GMMH, and is involved in hospital discharge planning (also for those in the CPA). Neshomo provides trained support workers, who understand the cultural & religious needs of those being supported, meeting 1-1 to create a goal and safety plan, including bespoke activities (through Neshomo's social prescribing service). To date we have provided many hundreds of hours of this specialised support to over 35 clients since October 2021. Referrals come from GMMH (including CMHT, Inpatient rehabilitation unit, EIT, Home-Based Treatment, Peri-natal Services) and Pennine Care Services (EIT, Outpatient).

Discharged patients from the Support Work Service are matched with a Neshomo volunteer befriender for ongoing support, also allowing for re-referral to this and other appropriate services if required. Specific outcomes this work has achieved: 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

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Greater Manchester Neshomo CIO

Trustees' Annual Report (continued)

Year ended 31 March 2024

confidence, and achieve a significant improvement in their well-being. We have a strong team who 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 provide over 2,500 hours of contact a year.

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 7 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 opens 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.

Training

Neshomo provides training to other local voluntary and statutory organisations.

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

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Greater Manchester Neshomo CIO

Trustees' Annual Report (continued)

Year ended 31 March 2024

future activities and setting grant making policy for the year. The trustees actively consult with clients with lived-experience to obtain feedback and to develop the services in accordance with public need.

Achievements and performance

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 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-patient psychiatric wards of 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, whose work we complement, 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.

As a charity which is reliant solely on private donations, we ensure that we have the funds in place for all activities.

Our total income was £85,649 (2023: £143,106). Expenses were £126,197 (2023: £94,265). There was an overall net expenditure of resources and net movement in funds for the year amounting to £40,548.

There were no related party transactions in the reporting period.

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. Feedback from our clients has shown that they were

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Greater Manchester Neshomo CIO

Trustees' Annual Report (continued)

Year ended 31 March 2024

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.

Results for feedback from our patients in the Support Worker Project show that there were significant improvements in mental health & wellbeing; mood; confidence; ability to recognise and manage symptoms; compliance with medication and social relationships. The outcome for the patient of all these improvements is better family relationships, managing daily life better and, for some, entering education, volunteering or employment.

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.

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.

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. In particular we would like to acknowledge and thank the following funders for helping us to meet the increasing demands we face. In this financial year we received financial support from The Postcode Neighbourhood Trust, TNL Awards for All & Reaching Communities and The Wolfson Charitable Trust.

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Greater Manchester Neshomo CIO

Trustees' Annual Report (continued)

Year ended 31 March 2024

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 three months charity expenditure.

The free reserves, being the net current assets of the charity stand at £66,062 of which £7,608 relates to the unrestricted fund, and £58,454 to the restricted fund.

Increased costs from increased cost of living

Over 50% increase in costs to date for Neshomo. Neshomo outreach workers are recruiting and training 23 new volunteers who are becoming involved in delivering the befriending and mentoring to service users. This has created additional expenses for DBS checks, administrative time and Outreach worker time, interviewing and obtaining references, training and supervision and matching volunteers with clients.

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 have arisen from volunteer recruitment that has involved significant increase in targeted advertising, additional helpline and maintenance of the Neshomo website.

Anticipated increased demand resulting from Covid-19: this is over 55% at present and is likely to continue to rise in the foreseeable future.

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.

" 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.

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Greater Manchester Neshomo CIO

Trustees' Annual Report (continued)

Year ended 31 March 2024

The trustees' annual report was approved on 4 December 2024 and signed on behalf of the board of trustees by:

Dr D Marshall Trustee

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Greater Manchester Neshomo CIO

Independent Examiner's Report to the Trustees of Greater Manchester Neshomo CIO

Year ended 31 March 2024

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 2024.

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

4 December 2024

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Greater Manchester Neshomo CIO

Statement of Financial Activities

Year ended 31 March 2024

			2024		2023
		Unrestricted	Restricted
		funds	funds	Total funds	Total funds
	Note	£	£	£	£
Income and endowments
Donations and legacies	4	26,404	59,245	85,649	143,106
		----------------------------	----------------------------	----------------------------	--------------------------------
Total income		26,404	59,245	85,649	143,106
		============================	============================	============================	================================
Expenditure
Expenditure on charitable activities	5,6	85,219	40,978	126,197	94,265
		----------------------------	----------------------------	--------------------------------	--------------------------------
Total expenditure		85,219	40,978	126,197	94,265
		============================	============================	================================	================================
		----------------------------	----------------------------	--------------------------------	--------------------------------
Net (expenditure)/income and net
movement in funds		(58,815)	18,267	(40,548)	48,841
		============================	============================	================================	================================
Reconciliation of funds
Total funds brought forward		66,423	40,187	106,610	57,769
		----------------------------	----------------------------	--------------------------------	--------------------------------
Total funds carried forward		7,608	58,454	66,062	106,610
		============================	============================	================================	================================

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.

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Greater Manchester Neshomo CIO

Statement of Financial Position

31 March 2024

		2024		2023
	Note	£	£	£
Current assets
Cash at bank and in hand		67,142		107,630
Creditors: amounts falling due within one year	11	1,080		1,020
		----------------------------		--------------------------------
Net current assets			66,062	106,610
			----------------------------	--------------------------------
Total assets less current liabilities			66,062	106,610
			----------------------------	--------------------------------
Net assets			66,062	106,610
			============================	================================
Funds of the charity
Restricted funds			58,454	40,187
Unrestricted funds			7,608	66,423
			----------------------------	--------------------------------
Total charity funds	12		66,062	106,610
			============================	================================

These financial statements were approved by the board of trustees and authorised for issue on 4 December 2024, 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.

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Greater Manchester Neshomo CIO

Notes to the Financial Statements

Year ended 31 March 2024

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.

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Greater Manchester Neshomo CIO

Notes to the Financial Statements (continued)

Year ended 31 March 2024

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.

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Greater Manchester Neshomo CIO

Notes to the Financial Statements (continued)

Year ended 31 March 2024

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	2024
	£	£	£
Donations
Donations	1,404	–	1,404

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Greater Manchester Neshomo CIO

Notes to the Financial Statements (continued)

Year ended 31 March 2024

4. Donations and legacies (continued)

	Unrestricted	Restricted	Total Funds
	Funds	Funds	2024
	£	£	£
Grants
Awards for All	–	10,000	10,000
G M H S C P	–	–	–
NHS Innovation	–	–	–
T N L Communities Fund	–	19,245	19,245
Wolfson Family Charitable Trust	–	30,000	30,000
Postcode Neighbourhood Trust	25,000	–	25,000
Lloyds Bank Foundation	–	–	–
Faith new deal	–	–	–
Other grants	–	–	–
	----------------------------	----------------------------	----------------------------
	26,404	59,245	85,649
	============================	============================	============================
	Unrestricted	Restricted	Total Funds
	Funds	Funds	2023
	£	£	£
Donations
Donations	559	–	559
Grants
Awards for All	–	–	–
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
Wolfson Family Charitable Trust	–	–	–
Postcode Neighbourhood Trust	–	–	–
Lloyds Bank Foundation	27,250	–	27,250
Faith new deal	–	11,800	11,800
Other grants	–	7,500	7,500
	----------------------------	--------------------------------	--------------------------------
	27,809	115,297	143,106
	============================	================================	================================

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Greater Manchester Neshomo CIO

Notes to the Financial Statements (continued)

Year ended 31 March 2024

5. Expenditure on charitable activities by fund type

	Unrestricted	Restricted	Total Funds
	Funds	Funds	2024
	£	£	£
Relief and rehabilitation of mental health issues	75,381	40,978	116,359
Support costs	9,838	–	9,838
	----------------------------	----------------------------	--------------------------------
	85,219	40,978	126,197
	============================	============================	================================
	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
	=======================	============================	============================

6. Expenditure on charitable activities by activity type

	Activities
	undertaken	Support	Total funds	Total fund
	directly	costs	2024	2023
	£	£	£	£
Relief and rehabilitation of mental
health issues	116,359	8,717	125,076	93,243
Governance costs	–	1,121	1,121	1,022
	--------------------------------	-----------------------	--------------------------------	----------------------------
	116,359	9,838	126,197	94,265
	================================	=======================	================================	============================

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 2024	Total 2023
	£	£	£
General office	8,717	8,717	8,014
Governance costs	1,121	1,121	1,022
	-----------------------	-----------------------	-----------------------
	9,838	9,838	9,036
	=======================	=======================	=======================

8. Independent examination fees

	2024	2023
	£	£
Fees payable to the independent examiner for:
Independent examination of the financial statements	1,080	1,020
	=======================	=======================

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Greater Manchester Neshomo CIO

Notes to the Financial Statements (continued)

Year ended 31 March 2024

9. Staff costs

The total staff costs and employee benefits for the reporting period are analysed as follows:

	2024	2023
	£	£
Wages and salaries	98,343	74,297
	============================	============================

The average head count of employees during the year was 4 (2023: 4). The average number of full-time equivalent employees during the year is analysed as follows:

	2024	2023
	No.	No.
Number of outreach workers and consultants	4	4
	==============	==============

No employee received employee benefits of more than £60,000 during the year (2023: 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.

11. Creditors: amounts falling due within one year

	2024	2023
	£	£
Accruals and deferred income	1,080	1,020
	=======================	=======================

12. Analysis of charitable funds

Unrestricted funds

		At			At
	1	April 2023	Income	Expenditure	31 March 2024
		£	£	£	£
General funds		66,423	26,404	(85,219)	7,608
		============================	============================	============================	=======================
		At			At
	1	April 2022	Income	Expenditure	31 March 2023
		£	£	£	£
General funds		46,496	27,809	(7,882)	66,423
		============================	============================	=======================	============================

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Greater Manchester Neshomo CIO

Notes to the Financial Statements (continued)

Year ended 31 March 2024

12. Analysis of charitable funds (continued)

Restricted funds

Restricted funds
	At			At
	1 April 2023	Income	Expenditure	31 March 2024
	£	£	£	£
Restricted fund from grant making
authorities	40,187	59,245	(40,978)	58,454
	============================	============================	============================	============================
	At			At
	1 April 2022	Income	Expenditure	31 March 2023
	£	£	£	£
Restricted fund from grant making
authorities	11,273	115,297	(86,383)	40,187
	============================	================================	============================	============================
Analysis of net assets between funds
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2024
		£	£	£
Current assets		8,688	58,454	67,142
Creditors less than 1 year		(1,080)	–	(1,080)
		-----------------------	----------------------------	----------------------------
Net assets		7,608	58,454	66,062
		=======================	============================	============================
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2023
		£	£	£
Current assets		67,443	40,187	107,630
Creditors less than 1 year		(1,020)	–	(1,020)
		----------------------------	----------------------------	--------------------------------
Net assets		66,423	40,187	106,610
		============================	============================	================================

13. Analysis of net assets between funds

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

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