Company registration number.. 09304012 Charity registration number.. 1171433 Protection Approaches (A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 30 November 2024 Thompson Jenner LLP Chartered Accountants 1 Colleton CresGent Exeter Devon EX2 4DG
Protection Approaches Contents Reference and Administrative Details Tnjstees, Report 2to9 statement of Trustees, Responsibilities 10 Independent Auditors, Report 11 to14 statement of Financial ActNities 15to16 Balance Sheet 17 Statement of Cash Flows 18 Notes to the Financial Statements 19to34
Protectlon Approaches Reference and Admlnistrative Details Chair Nicholas Martlew Trustees Claire Fyfe Jacqueline Geis Joanna Henderson Sherine Mccarthy Nicholas Martlew Rebecca Zausmer Petar Hav8lock Charity Registration Number 1171433 Company Reglstratlon Number 09304012 The chartty is incorporated in England and Wales. Edlnburgh House 170 Kennlngton Lane London SE115DP Reglstered Offlce Auditor Thompson Jenner LLP Chartered Accountants 1 Colleton Crescent Exeter Devon EX2 4DG Page 1
Protection Approaches Trustees. Report The trustees, who are directors for the purposes of company law, present the annual report together with the financial statemenls and auditors, report of the charitable company for the year ended 30 November 2024. Trustees and officers The trustees and officers sejving during the year and since the year end were as follows.. Trustees.. Claire Fyfe Jacqueline Geis Joanna Henderson Sherine Mccarthy (appointed 26 March 2024) Nicholas Martlew (appointed 26 March 2024) Rebecca Zausmer (appointed 26 June 2025) Peter Havelock (appointed 26 June 20251 Mariko Hayashi (resigned 26 June 2025> Amy Dr8ke (resigned 26 April 2024) Marsha Berti&Small (resigned 5 December 2023) Chalr.. Nicholas Martlew (appointed 26 June 20251 Our aim Protection Approaches aims to promote and defend the human rights of peoples around the world las set out in the Universal Declaration of Human Rights and subsequent United Nations conventions and declarations) who are violently targeted because of their identity by all or any of the following means,. Monitoring abuses of human rights., Research into human rlghts188ues', Educating the public about hum8n rights; Providing technical advice to government and others on human right8 matters,. Contributing to the sound administration of human rights law., Commenting on proposed human rights legislation; Raising awareness of human rights issues. Promoting public support for human rights., Promoting respect for human rights among individuals and corporations., Intemational advocacy of human rtghts" and Eliminating infringements of human rights. Page 2
Protection Approaches Trustees. Report Our mission and vislon Protection Approaches warks to change how the world views identity-based vsolence and by so doing, change the way we respond to and prevent it. We seek a world where everyone accepts and respects each other, regardless of identity. Our values Justice is at the heart of human dignity and rights Identity-based violence comes in many forms, each rooted in the same set of causes Identifying and understanding what drives identty-based violence is central to preventing it Building strong, resilient, and inclusive societies requires challenging structural discrimination and inequality We have a collective and individual responsibility to protect those at risk of violence Governments have a fundamental duty to challenge 8nd prevent identity-based violence no matter where it occurs or how il manifests Our commitment to these values drives not only wh8t we do but also how we do it. Our approach Na matter where it takes place and no matter whom It targets, every act of identity-based violence is a manifestatian of the deadly idea that some lives are more valuable than others. For that reason, Protection Approaches believes thal a spectrum of harms - including hate crime, violent extremism, and mass atrocities - should be seen as a shared global crisis.. the targeting of individuals or groups solely because of who they are, what they believe, or who they love. By emphasislng the common attributes of different forms of identity-based violence, Protection Approaches has changed the conversation on how to challenge, respond to, and prevent it. In the process, we have encouraged a better appreciation of our shared responsibility to prevent all forms of dentity-based attacks, whether perpetrated by Ststes, militia groups, terrarist organisations, racist gangs, or prejudiced Indivlduals. Our programmes support those affect8d by Identty-based violence, ch811enge those responsible for it, and encourage those in a position to prev6nl il. Our communlty Inltlatlves support marginalised socio-economic, ethnic, religious and cultural groups explore their perceptions and experiences of prejudice, discrimination, and identity-based violence. We build capacity for community-led responses to hate crirne - and the prejudice and marginalisation that can lead to such violence. We are breaking down barriers beeen communities and public officials, in the process helping to promote dialogue, encourage transparency, and strengthen community relationships. Our advocacy has encouraged the integration of 'prevention thinking, into decision-making and helped secure a new and public UK approach to atrocity prevention. Since 2015, we have worked across the political spectrum in the UK to push the government to become a global leader on preventing all forms of identity-based violence. We will continue to work with our partners in civil society to improve understanding and strengthen implementation of timely, effective strategies thal encourage the integration of prevention principles into UK trade, development, defence, foreign. and domestic poliGies. Page 3
Protection Approaches Trustees. Report We undertake, comrnission, and coordinate research to ensure that the programmes we develop and implement are supported by evidence and in line with global best practices. Central to this is our commttment to working in partnership with communities affected by identity-based violence. ensuring their insights, experiences, and priorities directly infonn our research and shape our approach. Our monitoring and analysis respond to urgent and emerging threats, including the mainstreaming of far-right and exclusionary narratives, increasing identity-based violenGe in the UK, and atrocity risks in contexts including Sudan, Palestine, Ukraine, Ethiopia and the Sahel and Syria. We deliver bespoke briefings and tralnlngs on the prediction and prevention of identity-based violence and mass atrocities for a wide range of audiences including loca5, regional, and national and governments, political parties, parliamentary committees, civil servants, civil society organisations, and journalists from around the world. We hav8 provided everything from detailed briefings on impending or ongoing mass atrocities to big-picture trainings on how organisations and govemments can implement more effective prevention strategies. Publlc baneflt All Protection Approaches, charitable activities focus on the promotion and defence of the human rights of peoples around the world (as set out in the Universal Declaration of Human Rights and subsequent United Nations conventlons and declarations) who are violently targeted because of their identity. The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. AGhlevemants and performance, year ending 30th November 2024 Introduction Over this period our organisation has continued to confront the complex and evolving landscape of Identity-based violence {IBV) both in the UK and globally. As authoritsrian states and harmful actors intensify thelr challenge to the foundalions of peace, democracy, and human rights, we continue to galvanise suppart for proactive, inclusive, and intersectional approaches to safeguarding vulnerable communities and promoting social cohesion as integral to our collective safety and security. Our 2023-24 financial year saw the charty achieve a turnover of £1,100,113, ending the period with a £27,230 surplus. This reflects the organisation's continued growth, success, and consolidation during a period of exceptional flux. The Trustees would like to extend our sincere thanks to the team at Protection Approaches for their dedication and impact during what has been a particularly challenging year. In a period shaped by political change, rising social tensions, and increasing threats to democratic values in the UK and globally, the team has continued to respond with darity, purpose, and leadership. Headed by Co-Executive Directors Kate Ferguson and Andy Fearn, Protection Approaches ha8 consistently been at the forefront'of efforts to prevent identity-based violence, support community-led resilien, and drive evidence-informed policy change. From launching rapid responses to racist riots in the UK, to shaping UK government policy on Sudan, to pioneering a new model of communtty ownership for vidim support services. the team has delivered real and lasting impact. Page 4
Protection Approaches Trustees. Report Rather than retreating in the face of growing global and domestic pressures, the organisation has raised its ambitions. It has grown in size and reach, sharpened its focus, and demonstrated what tt means to lead with prinGiple, clarity, and courage. The Trustees are particularly proud of how the team has worked ta redistribute resources and amplify community-led solutions while continuing to shape national and international policy agendas on identity4)ased violence and atrocity prevention. We are also immensely grateful to our donors, our expanding network of consultants, Honorary Fellows, and partners, whose support and trust have been crucial to our work this year. Global and domestic context for our work In 2024, major political shifts shaped the global and domestic context in which Protection Approaches operates.. the election of a Labour govemment in the UK and the re-election of Donald Trump in the United States. We judge that given its very particular relationship with the US, the UK will face a confronting internal as well as international identity crisis as the Trump administration rejects political plurality, employs robust and unaccountable central power, dismantles protections of democracy, and takes aim at the separation of powers, civil liberties, and the rule of law. Widespread racist and IslamaphobiG riots across the UK in summer 2024 underlined how ill-prepared the country is to take on the scope and scale of the domestlc challenges our communities are facing. We observe greater and more blatant alignment among authorltarlan regimes working together to destabilize the past-1945 international system, exploiting flaws and hypocrisles to weaken commitments to human rights, international cooperation, and peace. These threats are transnatianal, impacting national and local communities through tactics rooted in propaganda, populism, and grtevance politics. That the UK'S traditionally closest ally, the United States, has begun to explicitly draw from the authoritarian playbook is of deep concern. At the same time, the period has been marked by the devastating conflict and atrocity crimes of the Israel-Palestine crisis, which has significantly strained interfaith relations, social cohesion, and community trust within the UK. Domestic political shifts, including the rise in public support for exclusionary political parties, has brought global trends of democratic backsliding, increased hate crime, and identity-based extremism closer to home. This is en example of global and domestic trajectories of Identlty politics, grievance and excluslon trending towards convergence, demanding rapid and ambitiaus response that can connect experience, evidence, and policy in new ways. Against these deepening and diverstfying challenges, the scale of the funding crises affecting the intemational human rights and domestic community cohesion Sectors have become increasingly apparent. Over 2024, the sector has experienced a sudden and significant contraction in the funding landscape impacting the safety of communities, the day-toaY operations of our partners, and provoked deep anxiety. Shrinking civic space. greater restrictions on public protest, and the narrowing of Euro-Atlantic commitments to internationalism and intemational development risks further fracture beeen democratic governmenls, their publics, and community expertise Page 5
Protection Approaches Trustees, Report However, during this past year, Protedion Approaches has rejected entrenchment and instead raised our ambitions for change and impact. Our work and the work of our partners teaches us that out of devastation, the international system can be reimagined and advanced. We know that trusted, community-based organisations are best placed to address urgent needs, tackle marginalisation, bring communities together, and reduce risks of identity-based violence at the local level. However, they often lack sufficient resources, networks, and access to power - this is what we have prioritised redressing during this year. At the same time, we consider it a central responsibility of our organisation to raise the alarm of the emerging and future crises of identity-based violence that will likely hit the UK and world in the next decade. We have therefore scaled up our efforts to communicate the tru6 scale of the challenges for the safety and security of the UK and the world posed by identity-based violence and to demonstrate that understanding identity-based violence unlocks solutions. Organlsatlonal milestones and our impact As we celebrated our ten-year anniversary in November 2024, Protection Approaches transitioned into its next phase of growth, becoming a more sustainable and confident organisation. Despite the challenging environment, we have experienced increased demand for our training program8 - seNing a greater number of grassroots civil society organisations, local governments, and private sector partners. Resilience and soclal coheslon In 2024, Protection Approaches completed a major piece of research for the Greater London Authority. The project explored the vital role of social cohesion in strengthening community resilience and crisis preparedness. Over 100 community organisations and experts contributed through 5urvey8, interviews, and workshops. The findings infomied policy recommendations adopted by the London Resilience Unit and London Resilience Forum and highlighted how community and faith groups play pivotal role in mitigating crises such as hate crime and social unrest. This work underpins our growing portfolio, including upcoming initiatives in Stoke-on-Trent where through 2025 we will be co-designing a new city-wide cohesion strategy alongside community stakeholders. Grassroots support and capa¢lty building Through the Hate Crime Community Outreach and Resilience Project (HCCORP), we completed support for our first cohort of 11 community groups and recruited 10 new groups. Each group ha8 received training, tailored support, and grants, allowing them to develop and expand hate crime prevention and victim support instiatives. Over the course of the programme tens of thousands of community members have been reached and more than £100,000 of funding distributed to the community groups involved Our Active Bystander Training reached over 1,400 people across 90 sessions and was independently evaluated to show significant impact on participants, ability to inteNene. A new partnership with th8 Football Association with see a football specific version of the training rolled out across England delivered by 100 FA staff member5. Meanwhile, our Community Builder training supported 358 community leaders across England, helping them design practical approaches to strengthen cohesion and prevent identity-based violence. Hate crime victim support This year, we continued to coordinate On Your Side, a national support service for East and Southeast Asian victims of hate crime. Over 120 individuals received long-term casework, with 86. reporting improved wellbeing. One participant shared, 'My mental health has impmved so much since me8ting my casework advocate, who contacted m8 during the worst time of my life.",'We also launched a national call for evidence, in partnership with the University of Leicester, to inform a new hate crime strategy under the Labour government. This will culminate in a 'Manifesto for Change, report, amplifying victim voices and shaping future policy. Page 6
Protection Approaches Trustees. Report Advancing UK atrocity prevention The Foreign, Commonwealth & Development Off]'S (FCDO) capabilities on mass atrocity crimes has grown considerably during this time, desptte contractions elsewheie in the department- the Mass Atrocity Prevention Hub became the Conflict and Atrocity Prevention Department, growing in size across research, analysis, policy and more modestly in programming. During this period we provided the first Atrocity Prevention Helpdesk to the UK govemment, providing direct technical advice, tool development, training, and strategic policy recommendations to a range of geographies. Applying scrutiny to UK atrocity prevention We continue to lead parliamentary scrutiny of the UK'S obligations to prevent and mitigate identity-based mass violence in regions including Xinjiang. Sudan, Ukraine, and in the Occupied Palestinian Territories. Our continued coordination of the UK Atrocity Prevention Working Group has strengthened civil society engagement with government while creation of the UK Atrocity Prevention Knowledge Exchange Neork togelher with the University College of London has established a new forum bringing together academic. policy and NGO expertise. Civilian protection in Sudan Since April 2023 we have led an emergency advocacy response to the triple threat of amed conflict, mass atrocity crimes, and famine in Sudan -the biggest humanttarian and human rights Grisis in the world. Through our actions to and with the UK government. we moved the UK position on the protection of civilians in Sudan- one official said 'Protection Approaches essentially changed the UK'S Sudan policy singlehandedly and almost overnighf Queering Atrocity Preventlon This initiative has enhanced cross-sector understanding of the link between LGBTQl+ rights erosion and increased risks of identity-based violence. It gamered high-level political support, culminating in a major publication co-produced with the Auschwitz Instttute, which includes insights from community consultations across Latin America. Engagement with international bodies such as the Organrzation of American States exemplifies our global reach, even at a period of deepening anti-gender and anti-rights global backlash. Conclusion and looking forward Throughout this period, our organisation has demonstrated resilien and adaptability, strengthening our capacity to challenge identity-based violence, promote social cohesion, and influence policy at national and local levels. We remain committed to building inclusive communities that uphold human rights and resist the divisive tactics employed by authoritarian and extremist actors worldwide. As we move ahead, we will continue expanding our programmes, fostering community ownership, and advocating for policies that protect the vulnerable. Our ongoing efforts to embed intersectional approaches and strengthen stakeholder collaborations aim to ensure a safer, fairer, and more inclusive society for all. Our first ten years have provided vast and varied forms of evidence so that we must now invest time and resource to communicating hat works, in order to scale-up our impact, share our learnings with others, and advance our mission. The domestic and international projections of ftrture funding are of contraction with many traditional stalwart donors pausing or winding down their contributions. The future of foundation-based funding will need to radically change to meet the urgent needs of the most vulnerable while also preparing for the scale of the challenge that is Goming. The next decade will be marked by intensifying glabal insecurity, which will encourage states to turn resources inwards. We are committed to confronting these trends, not only to ensure the financial continuity of our work for as long as our contributions make meaningful impaGt in ways that others are not, but as a means of. helping to turn the tide of increasing resource scarcity. Our 2026-2030 strategic plan will be published before the end of this year. Page 7
Protection Approaches Trustees. Report Flnancial review Policy on serVeS The charity, being mindful of Charity Commission guidance, aims to maximise the use of available funds for the benefit of the charity and therefore aim to retain a prudent level of unrestricted reserves. taking into consideration the running expenses and known liabilities of the charity, Protection Approaches aims to retain 3 months running costs of the organisation. As at 30th November 2024, Protection Approaches held reserves of £157.795 equivalent to 3.1 months, running costs. StNcture, governance and management Nature of governing document The charity is a company limited by guarantee and is govemed by its Memorandum and Articles of Association incorporated on the 10 November 2014 and as amended by special resolution dated 22 November 2015 and as amended by special resolution registered at Companies House on 25 January 2017. The organisation received charitable status on the 2 February 2017. Recruitment and appointment of trustees The charity may by ordinary resolution appoint a person who is willing'to act as a Trustee. The trustees may appoint a person who is willing to act as a Trustee. Arrangements for setting key management personnel remuneration The charity will pay trustees for the provision of services to the charity if this is considered in the best interest of the charity and will enable the charity to achieve its charitable objectives. Trustee remuneration is approved by the Board of trustees and further disclosure of the amounts paid to trustees during the year can be found in the accompanying notes to the financial statements. Grants secured during thls perlod National Lottery Community Fund - A three-year project delivertng trainings across England aimed at equipping communities with the tools, skills and confidence to prevent identity-based violence. London MaY0S Shared Endeavor Fund - An eight-month project to deliver active bystander training with community members across London in partnership with Britain's East and Southeast Asian Network. Department for Levelling Up Housing and Communitieslministry For Communities Housing and Local Government'on Your Side" _ To deltver a UK-wide hate crime support service for East and Southeast Asian communities including a freephone 2417 helpline and in communtty casework support. Foreign, Commonwealth, and Development Offi, CSSFIISF - To secure the integration of LBGTQI+ inclusive approaches to mass atrocity prevention. Mayors Office for Policing and Crime - Hate Crime Outreach and Resilien Project building capacity at ten community-based organisations. City Bridge Trust Hate Crime Outreach and Resilience Project building capacity at enty community-based organisations over two years. Joseph Rowntree Charitable Trust - two year project Catalysing strategic coalitions for sustainable UK policy on violence prevention and peace. Page 8
Protection Approaches Trustees. Report Foreign, Commonwealth, and Development Office, Atrocity Prevention Hub - To support the Atrocity Prevention hub with research and training Greater London Authority Resilience Unit - research and consultation to understand how the work of community and faith groups in London contribute to cohesion and resilience The annual report was approved by the tnjstees of the charity on . 1618125 behalf by.. and signed on its Nickioias Martlew Chair of trustees Page 9
Protection Approaches Statement of Trustees. Responsibilities The trustees (who are also the directors of Protection Approaches for the purposes of company18w) are responsible for preparing the Irustees, report and the financial statements in accordance wyth applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice), including FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, induding its income and expenditure, of the Gharitable company for that period. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and apply them consistently, observe the methods and principles in the Charities SORP; make judgements and estirnates that are reasonable and prudent. state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disdosed and explained in the financial statements,. and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Approved by the trustees of the charity on 1618125 and signed on its behalf by.. Nicholas Martlew Chair of trustees Page 10
Protectlon Approaches Independent Auditor's Report to the Members of Protection Approaches Opinion We have audited the financial statements of Protection Approaches (the 'charity') for the year ended 30 November 2024, which comprise the Statement of Financial Activities, Balance Sheet, statement of Cash Flows, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is United Kingdom Accounting Standards, comprising Charities SORP - FRS 102 'The Financial Reporting standard applicable in the UK and Republic of Ireland, and applicable law (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements.. give a true and fair view of the state of the charity's affairs as at 30 November 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with Intemational Standards on Auditing (UIQ {ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of th8 financial statements section of our report. We are independent of the charty in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to golng concern In auditing the financial statements, we have concluded that the trustees use of tha going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfomied, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. other information The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report. we do not express any form of assurance conclusion thereon. Page11
Protection Approaches Independent Auditor's Report to the Members of Protection Approaches In connection with our audit of the financial statements, our responsibility is to read the other infomiation and, in doing so, consider whether the other information is materially incanslstent with the financial statements or our knowledge obtained in the audtt or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other infomiation. If. based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Other matter The comparative infonnation is unaudited. Opinlon on other matter prescrlbed by the Companles Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the Trustees, Report for the financial year for which the financial statements are prepared is consistent with the financial statements,. and the Trustees, Report has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light of our knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees, Report. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion.. adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us-, or the financial statements are not in agreement with the accounting records and returns-, or certain disclosures of trustees remuneration specified by18w are not made., or we have not received all the information and explanations we require for our audit. Responsibllities of trustees As explained more fully in the Statement of Trustees, Responsibilities (set out on page 10), the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such intemal control as the trustees determine is necessary to enable the preparation of financial staleTnents that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees etther intend to liquidate the charity or to cease operations, or have na realistic alternative but to do so. Page 12
Protection Approaches Independent Auditor's Report to the Members of Protection Approaches Auditor responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assuran is a high level of assurance. but is not a guarantee that an audit conducted in accordan with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to inftuence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instance5 of non-complian with laws and regulations. We design procedures in line with our responsibilities. outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, inGluding fraud is detailed below. The extent to which the audit v5 considered capable of detecting irregularities Includlng fraud Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows.. the engagement partner ensured that the engagement team Collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations; we identified the laws and regulations applicable to the charity through discussions with directors and other management, and from our knowledge and experience of the charity sector., we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the charity, including the Companies Act 2006, Charities Act 2011, taxation legislation, data protection, anti-bribery, employment, environmental, fire safety and health and safety legislation- we assessed the extent of Complian with the laws and regulations identified above through making enquiries of management, reviewing licenses, certificates and relevant correspondence including the inspection of legal correspondence., and identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. We assessed the susceptibilty of the charity's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by= making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud., and considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. To address the risk of fraud through management bias and override of controls, we". performed analytical procedures to identify any unusual or unexpected relationships., tested joumal entries to identify unusual transactions; assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias., and Page 13
Protection Approaches Independent Auditorfs Report to the Members of Protection Approaches investigated the rationale behind signrficant or unusual transactions. In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to.. agreeing financial statement disclosures to underlying supporting documentation-, reading the minutes of meetings of those charged with governance", enquiring of management as to actual and potential litigation and claims-, and reviewing Corresponden with HMRC. relevant regulators and the charitls legal advisors. There are inherent limitations in our audit procedures descrtbed above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to idenlify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. A further description of our responsibilities is available on the Financial Reporting Council's websÉte at: www.frc.org.uklauditorsresponsibilities. This d8SCriPtion forms part of our auditorfs report. Use of our report This report is made salely to the charitable company's trustees, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditorfs report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its trustees as a body, for our audit work, for this report, or for the opinions we have formed. LP David Tucker (Senior Statutory Auditor) For and on behalf of Thompson Jenner LLP, Ststutory Auditor 1 Colleton Crescent Exeter Devon EX2 4DG Date". Page 14
Protection Approaches Statement of Financial Activities for the Year Ended 30 November 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Total 2024 Unrestricted Restricted Note Income and Endowments from: Donations and legacies Charitable activities 29,080 65,595 29,080 1,071,033 1,005,438 Total income 94,675 1,005,438 1,100,113 Expenditurè on: Raising funds Charitable activities (148) 67,297 (148) (1.072,735 1,005,438) Total expenditure (67,445) (1,005,438 1,072,883) Net income 27,230 27,230 Net movement in funds 27,230 27,230 Reconciliation of funds Total funds brought forward 130,565 130,565 Total funds carried forward 20 157,795 157,795 The notes on pages 19 to 34 fomi an integral part of these financial statements. Page 15
Protection Approaches Statement of Flnancial Activities for the Year Ended 30 November 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Prior Year Comparative Statement of Financial Activity Unrestricted funds Restricted funds Total 2023 Note Income and Endowments from: Donations and legacies Charitable activities 48,837 19,207 48,837 876,314 857,107 Total income 68,044 857,107 925,151 Expenditure on: Charitable activities 39,910) {867,527) (S07,437) Total expenditure Net incomel(expenditure) Transfers between funds (39,910) (867,527) 907,437) 28,134 36,675 {10,420) {36,675) 17,714 Net movement in funds 64,809 (47,095) 17,714 Reconcillation of funds Total funds brought forward 65,756 47,095 112,851 Total funds carried fOard 20 130,565 130,565 All of the charity's activities dertve from continuing operations during the above periods. The funds breakdown for both periods is shown in note 20. The notes on pages 19 to 34 fom an integral part of these financial statements. Page 16
Protection Approaches (Registration number: 09304012) Balance Sheet as at 30 November 2024 2024 2023 Note Fixed assets Tangible assets 14 34 179 Current assets Debtors Cash at bank and in hand 15 109,468 243,023 147,696 125,569 273,265 352,491 Creditors: Amounts falling due within one year 17 {194,730) (142,879) Net current assets 157.761 130,386 Net assets 157,795 130,565 Funds of the charity: Unrestricted Income funds Unrestricted funds 157,795 157,795 130,565 Total funds 20 130,565 The fin8ncial statements on pages 15 to 34 were approved by the trustees, and authorised for issue on . .lfj!a12I..... and signed on their behalf by.. Nicholas Martlew Chainnan and Trustee The notes on pages 19 to 34 forni an integral part of these financial statements. Page 17
Protection Approaches Statement of Cash Flows for the Year Ended 30 November 2024 2024 2023 Note Cash flows from operating activities Net cash income 27,230 17.714 Adjustments to cash flows from non-cash items Depreciation 170 416 27,4QO 18,130 Working capital adjustments Decreasel(increase) in debtors Increasel{decrease) in Creditors Increasel{decrease) in deferred income Net cash flows from operaling activtties 15 17 38,228 21,30a 30,551 (141,448) (5,200) (10,650 117,479 (139,168) Cash flows from investing activities Purchase of tangible fixed assets Net increasel(decrease) in cash and cash equivalents 14 (25) 117,454 125,569 1139,168) 264,737 Cash and cash equivalents at 1 December Cash and cash equivalents at 30 November 243,023 125,569 All ofthe cash flows are derived from continuing operations duiing the above two periods. The note5 on pages 19 to 34 fomi an integral part of these financial statements. Page 18
Protection Approaches Notes to the Financial Ststements for the Year Ended 30 November 2024 1 Charity status The charity is limited by guarantee, incorporated in England and Wales. and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation. The address of its registered office is: Edinburgh House 170 Kennington Lane London SE115DP 2 Accounting policTes Summary of signlflcant accounting policies and key accounting estimates The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless othetwise stated. Statement of compliance The financial statements have been prepared in accordance with A¢UntIng 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 (FRS 102 Section 1A) (effective 1 January 2015) (Charities SORP (FRS 102)), the Financial Reporting standard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Companies Act 2006 and Charities Act 2011. Basis of preparatlon Protection Approaches meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. Going concern The financial statements have been prepared on a going concem basis. The trustees assess whether the use of going concem is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concem. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements. Inconie and endowments All income is recognised once the chartty has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably. Page 19
Protection Approaches Notes to the Financial Statements for the Year Ended 30 November 2024 Donations and legacies Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and tt is probable that these conditions will be fulfilled in the reporting period. Grants receivable Grants are recognised when the charrty has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised a5 8 liability and included on the balance sheet as deferred income to be released. Deferred income Deferred income represents amounts received for future periods and is released to incoming resources in the period for which, it has been received. Such income is only deferred when= The donor specifies that the grant or donation must only be used in future accounting periods., or The donor has imposed conditions which must be met before the charity has unconditional entitlement. Expenditure All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Raising funds These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds. Charitable activities Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both Gosts that can be allocated directly to such activities and those casts of an indirect nature necessary to support them. Support costs Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use af resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. Page 20
Protection Approaches Notes to the Financial Statements for the Year Ended 30 November 2024 Governance costs These include the costs attributable to the charity's compliance with constitutional and statutory requirements, including audit. strategic management and trustees meetings and reimbursed expenses. Taxation The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 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 8pplied exclusively to charitable purposes. Tangible fixed assets Individual fixed assets are inttially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Depreciation and amortisation Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value. over their expeGted useful economic life as follows.. Asset class Office equipment Depreciation method and rate 33.33 % straight line Trade debtors Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and (211 deposits. and other short-term highty liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Page 21
Protection Approaches Notes to the Financial Statements for the Year Ended 30 November 2024 Trade creditors Trade creditors are obligatians to pay for goods or seNices that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional rsght, at the end of the reporting period, to defer seLtlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least e1ve months after the reporting date, they are presented as non-currenl liabilities. Trade creditors are recognised initially at the transaction prtce and subsequently measured at amortised cost using the 8ffective interest method. Fund structure Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity. Penslons and other post retirement obligations The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even rf the fund does not hold sufficient assets to pay all employees the benefits relating to employee Sewi in the current and prior periods. Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment. Page 22
Protection Approaches Notes to the Financial Ststements for the Year Ended 30 November 2024 3 Income from donations and legacies Unrestricted funds General Total funds Donations and legacies., Donations 29,080 29,080 Total for 2024 29,080 29,080 Total for 2023 48,837 48,837 4 Income from charitable actlvltles Unrestricted funds General Restricted funds Total funds Core charitable activities including schools programme CSSF Department for Levelling Up Joseph Rowntree Lottery Community Fund MOPAC HCCORP MOPAC Shared End ISF FCDO On Your Side City Bridge HCCORPP GLA Resilience Project 65,595 65,595 123,362 104,739 39,504 111,961 79,246 42,820 102,999 48,099 289,431 55,277 8,000 123,362 104,739 39,504 111,961 79,246 42,820 102,999 48,099 289,431 55,277 8,000 Total for 2024 65,595 1,005,438 1,071,033 Total for 2023 19.207 857,107 876,314 Page 23
Protection Approaches Notes to the Financial Statements for the Year Ended 30 November 2024 5 Expenditure on raising funds a) Costs of generating donations and legacies Unrestricted funds General Total funds other direct costs of generating voluntary income 148 148 Total for 2024 148 148 Total for 2023 6 Expenditure on Gharitable activities Activity undertaken directly Activity support costs Total expenditure Core charitable activities including schools programme Department for Levelling Up CSSF MOPAC HCCORP Joseph Rowntree Lottery Community Fund MOPAC Shared End JP Morgan ISF FCDO On Your Side City Bridge HCCORP GLA Resilience project Total for 2024 41.728 100.354 109,261 78,898 31,170 103,723 40,489 12,807 93,221 42.094 274,136 48,687 7,500 10,599 4,385 14,101 348 8,334 8,237 2,331 2,163 9,778 6.005 15,295 8.611 500 52,327 104,739 123,362 79,246 39,504 111,960 42,820 14,970 102,999 48,099 289,431 55,278 8,000 984,048 88,687 1,072.735 Total for 2023 853,17.5 54,262 907,437 Page 24
Protection Approaches Notes to the Financial Statements for the Year Ended 30 November 2024 Unrestrfcted funds General Restricted funds Total funds Core charitable activities including schools programme Department for Levelling Up City Bridge CSSF Joseph Rowntree Lottery Community Fund MOPAC HCCORP MOPAC Shared End JP Morgan ISF FCDO On Your Side GLA Resilience proj8Ct 52,327 52,327 104,739 55,277 123,362 39,504 111,961 79,246 42,820 14,970 102,999 48,a99 289,431 8,000 104,739 55,277 123,362 39,504 111,961 79,246 42,820 14,970 102,999 48,099 289,431 8,000 1005,438 Total for 2024 67,297 1,072,735 Total for 2023 39,910 867,527 907,437 Included in the expenditure analysed above, there are governance costs of £33,125 (2023.. £13,158) which relate directly to charitable activities. See note 7 for further details. Page 25
Protection Approaches Note8 to the Financlal Statements for the Year Ended 30 November 2024 7 AnAlya16 of gtsvernan¢e and %upport ca&ts Support C08ts allocatad to charltablé a¢tlvltlès Govorn8nc• ¢o•ts Infomiatlon AdmlnlBtratlort tethnology co8t• Ptsml$è Costs Total fund8 Ba819 of allocatlon Core chadtablo acthllles Includlng schools programm• CSSF Depprtrnentfor Levelllng Up Ja88ph Rtswntr8e MOPAC HCCORP Lottery Comrnunily Fund MOPAC Shared End ISF FCOO On Your Sts1 Clty Bridro HCCORP GLA ReJlllenc• project JF hAor•an Total for 2024 4,123 5.880 1.437 6.811 1.893 1.130 47 1,117 316 1.322 814 4.646 886 68 309 172 251 44 136 4,887 1,359 1,237 3,827 160 3,782 1.070 4,470 2,757 5.657 3.036 230 965 10.599 14,101 4.385 ,334 348 8,237 2,331 9,Tl8 6.005 15.295 6,611 500 3,242 136 2,204 907 3,795 2.336 4,792 2.572 134 38 182 98 200 107 834 35 33,125 20,70e 1.410 33,446 Tot41 for 2023 13,158 8,424 2,B26 29 844 Bas15 of alloc8tlon Ref8r8nco Method of allocatlon For all expendlture 100% grth& cost In¢urred Page 26
Protection Approaches Notes to the Financial Statements for the Year Ended 30 November 2024 Governance costs Restricted funds Total 2024 Total 2023 Audil fees Audit of the financial statements Independent examiner fees Examination of the financial statements Other governance costs 5,400 5,400 1,800 11,358 13,158 27,725 27,725 33,125 33,125 8 Net incomingloutgoing resources Net incoming resources for the year include.. 2024 2023 Audit fees Other non-audit services Depreciation of fixed assets 5,400 1,800 416 170 9 Trustees remuneratlon and expenses No trustees, nar any persons connected with them. have recetved any remuneration from the charity during the year. No trustees have received any reimbursed expenses or any other benefits from the charity during the year. O Staff costs The aggregate payroll costs were as follows.. 2024 2023 Staff costs during the year were". Wages and salaries Social security costs Pension costs other staff Gosts 441,500 43,608 14,068 4,555 503,731 355,554 34,978 10,996 6,766 408,294 The monthly average number of persons (including senior management I leadership team) employed by the charity during the year was as follows: Page 27
Protection Approaches Notes to the Financial Statements for the Year Ended 30 November 2024 2024 2023 Charitable activities The number of employees whose emoluments fell within the followng bands was.. 2024 2023 £60,OD1- £70,000 The total employee benefits of the key management personnel of the charity were £144,874 (2023 - £136,969). 11 Independent examinerfs remuneration 2024 2023 Examination of the financial statements 1,800 12 Auditors, remuneration 2024 2023 Audit of the financial statements 5,400 13 Taxation The charity is a registered charity and is therefore exempt from taxation. Page 28
Protection Approaches Notes to the Financial Statements for the Year Ended 30 November 2024 4 Tangible fixed assets Office equipment Total Cost At 1 December 2023 Additions 4,228 25 4.228 25 At 30 November 2024 4,253 4,253 Depreciation At 1 DeGember 2023 Charge for the year 4,049 170 4.049 170 At 30 November 2024 4,219 4,219 Net book value At 30 November 2024 34 34 At 30 November 2023 179 179 15 Debtors 2024 2023 Trade debtors Prepayments Accrued income Other debtors 23,336 6,015 74,030 6,087 31,700 5,348 110,848 109,468 147,696 16 Cash and cash equivalents 2024 2023 Cash at bank 243,023 125,569 Page 29
Protection Approaches Notes to the Financial Statements for the Year Ended 30 November 2024 17 Creditors." amounts falling due within one year 2024 2023 Trade creditors Other taxation and social security Other creditors Accruals Deferred income 22,124 13,515 2,389 7,200 149,502 194,730 3,004 12,510 1,934 6,480 118,951 142.879 2024 2023 Deferred income at 1 December 2023 Resources deferred in the period Amounts released from previous periods Deferred income at year end 118,951 14S,502 118,951) 149,502 129,601 118,951 (129,601) 118,951 8 Pension and other schemes Defined contrlbution pension scheme The charity operates a defin8d contribution pension scheme. The pension cost charge for the year represents contributions payabl8 by the charity to the scheme and amounted to £14,068 (2023 £10,996). 9 Commitments Other flnanclal commitments The total amount of financial commitments not included in the balance sheet is £11,067 {2023.' £nil). This relates to operating lease commitments in respect of property and computer equipment. Page 30
Protection Approaches Notes to the Financlal Statements for the Year Ended 30 November 2024 20 Funds Balance at 1 December 2023 Balance at 30 November 2024 Incoming resources Resources expended Unrestricted funds General Core charitable activities including schools progratnme JP Morgan EVRA 99,250 14,970 16.345 130,565 94,675 {52,475) (14,970) 141.450 16,345 157,795 94.675 67,445) Restricted funds CSSF Department for Levelling Up Joseph Rowntree Lottery Community Fund MOPAC HCCORP MOPAC Shared End ISF FCDO On Your Side City Bridge HCCORP GLA Resilience project Total restricted funds 123,362 104,739 39.504 111,961 79.246 42.820 102,999 48,099 289,431 55.277 8,000 (123,3621 (104,7391 (39,504) (111,9611 179,246) {42,820) (102,9991 (48,099) 1289,431) (55,277) 8,000 1,005,438 (1,005,438) Total funds 130,565 1,100.113 (1,072,883) 157,795 Page 31
Protection Approaches Notes to the Financial Ststements for the Year Ended 30 November 2024 Balance at Balance at 30 November 2023 December 2022 Incoming resources Resources expended Transfers Unrestricted funds General Core charitable activities including schools programme JP Morgan EVRA 49.411 27,325 40,719 (14,161) (25,749) 36,675 99,250 14,970 16,345 130.565 16,345 65,756 68,044 (39,910 36,675 Restricted CSSF Department for Levelling Up Hammersmith united charities - Prejudice and us 214,007 (214,oon 414,938 (414,938) 4,000 (4.000) (8,5101 {97,436) Joseph Rowntree Lottery Community Fund Mayor's Shared Endeavour Polden Puckham Charitable Trust MOPAC HCCORP MOPAC Shared End Wellspring LGBTQ Wellspring Philanthropic Fund 8,510 97,436 2,071 26,480 {28,551) 4,349 {4.349) (40,7541 (19,260) (35.722) 40,754 19,260 35,722 36,675 (38,8751 Total restrlcted funds 47.095 857,107 (867.5271 (36,675 Total funds 112,851 925,151 (907,437) 130,565 Page 32
Protection Approaches Notes to the Financial Statements for the Year Ended 30 November 2024 Grants Wellspring Philanthropic Fund, General operating support- Supporting our work to improve prediction, prevention and responses to identity-based Violen in the UK and enhanced UK contributions to the prediction and prevention of. and responses to. identity-based violence worldwide. The remaining funds have been utilised against core costs in accordance wtth the conditions of the grant funding agreement. Wellspring Philanthropic LGBTQ - Short project to working with the UN Independent Expert on Discrimination Based on Sexual Orientation and Gender Identity. Department for Levelling Up Housing and Communitieslministry For Communities Housing and Local Government "On Your Side, _ To deliver a UK-wide hate Grime support service for East and Southeast Asian communities including a freephone 241T helpline and in community casework support. Joseph Rowntree Charitable Trust - two year project Catalysing strategic coalitions for sustainable UK policy on violence prevention and peace. National Lottery Community Fund - A three-year project delivertng trainings across England aimed at equipping communities with the tools, skills and Confiden to prevent identity-based violence. London Mayor's Shared Endeavour Fund - An eight month project to deliver active bystsnder training with community members acr055 London in partnership with Britain's East and Southeast Asian Network. Mayors Office for Palicing and Crime (MOPAC HCCORP) Hate Crime Outreach and Resilience Project building capacity at ten communty-based organisations. Poldham Puckham Charitable Trust- one year project to support Protection Approaches, Policy team to work with UK policy rnakers on improving UK contributions to Atrocity prevention around the world. Particularly working towards a UK atrocity prevention strategy. Foreign, Commonwealth, and Development Office, CSSFIISF - To secure the integration of LBGTQI+ inclusive approaches to mass atrocity prevention. Hammersmith United Charities Prejudice and us - Work with young people in the constituency of Hammersmith to develop youth-led approaches to divisions they identify within their local community. Foreign, Commonwealth, and Development Office. Atrocity Prevention Hub - To support the Atrocty Prevention hub with research and training Cty Bridge Trust - Hate Crime Outreach and Resilience Project building capacity at hmenty community-based organisations over two years. Greater London Authority Resilience Unit - research and consultation to understand haw the work of community and faith groups in London contribute to cohesion and resilience Page 33
Protection Approaches Notes to the Financial Statements for the Year Ended 30 November 2024 21 Analysls of net assets between funds Total funds at30 November 2024 Unrestricted funds General Restricted funds Tangible fixed assets Current assets Current liabilities 34 202,989 45,228 34 352,491 194,730 157,795 149,502 149,502) Total net assets 157,795 Total funds at30 November 2023 Unrestricted funds General Restrlcted funds Tanglble fixed assets Current assets Current liabilities 179 154,314 23,928 130,565 179 273,265 142,879 118,951 118,951 Total net asset5 130,565 22 Analysis of net funds At1 December 2023 At30 November 2024 Flnancing cash flows Cash at bank and in hand 125,569 125,569 117,454 117,454 243,023 243,023 Net debt At1 December 2022 At30 November 2023 Financlng cash flows Cash at bank and in hand 264,737 139,168) 139,168) 125,569 Net debt 264,737 125,569 23 Related party'transactions There were no related party transactions in the year. Page 34