BATH WELCOMES Il'all REFUGEES Trustees Report and Unaudited Financial Statements for the Year Ended 30 June 2024
LI 'WELCOMES REIFUGEES CONTENTS OF THE FINANCIAL STATEMENTS Page Chair's Report Trustees Report Independent Examlner's Report Reference and Admlnistrative Details Statement of Financlal Activities Balance Sheet Notes to the Financial Statements 10 11 12 BATH WELCOMES REFUGEES Reglstered Company Number 10245232 (England and Wale5), Reglstered Charlty Number 1171442
BATHI 11-11 WELCOMES REFUGEES CHAIR'S REPORT for the Year Ended 30 June 2024 Sadlyi as we continue to observe, where you are born has a huge impact on your chances in life. War and conflict seems to increase from East to West and North to South while climate change produces its own form of forced migration. All told, according to the United Nations High Commissioner for Refugees, there are 117 mlllion people who are refugees around the world. So organisations like ours are increasingly important in being able to offer help and support to those who manage to escape and find a haven in the UK. Currently, the largest single group we work with continues to be Ukrainian, mainly, of course, mothers and children, along with Syrlans and Afghans. The past year, however, has seen more people arrive from Hong Kong with the support of the UK Government. And there are other smaller numbers from other places. Their need for help is tangible. Fortunately, there are various government schemes that apply to the groups we support which enable us to do what we do, but It also underlines the reality that some refugees are seen as more deserving than others in the eyes of the Government - one reason why part of our role is to raise awarenes5 Of the situation of the refugees we do not see in Bath. We are fortunate that Bath Welcomes Refugees is able to draw on the support of people ready to volunteer with their skSlls and time to demonstrate their concern for people who through no fault of their own have been cut off from home, family and culture and are trying to rebuild their lives in a strange place. At the moment, there are over 240 volunteers. It Is a gift beyond price. BWR has always been led by volunteers and it Is an Important part of our ethos even as our increased level activity is now supported by three part-time staff who lead on operations, support for refugees and asylum seekers, and coordinating the recruitment of volunteer teachers, befrlenders, employment and benefits advisors, interpreters and translators. And, of course, we work closely with the Resettlement Team at Bath &North East Somerset Council (B&NES) along with other local charities, churches, buslnesses and community groups, That means we are able to offer English language classes at four dlfferent locations and at every level plus additional educational help with a learning space for children, liaison with schools, and support through the exam systems plus advice on further and higher education. We want to be able to enable those we support to achieve their potential and make the contrlbutlon they are ready to offer our society. Similarly, we believe that social and emotional support Is vltal In reducing isolation and promoting wellbeing. BWR hosts spaces which enable the different groups to come together socially to share their stories and keep their traditSons alive and these groups are led by volunteers from the different communities. We will be working over the comlng year to establish an advisory group drawn from the families and individuals that wlll help us improve our ser4ices. A lot of trustee time this year has been taken up with ensuring that our pollcies and governing documents remain flt for purpose. We now have revised Objects, which help widen what we are able to do, an improved Data Protection Policy, and taken another look at our Safeguarding, Volunteer and Equality, Diversity and Inclusion (EDI) policles. And we are just startlng a consultancy process to improve our structure and the ways In which we work. Page I BlkTH WELCOMES Reglstered Company Nurnber 10245232 (England and Wales), Reglstered CharSty Number 1171442
WEL,COMES REFUGEES CHAIR'S REPORT for the Year Ended 30 June 2024 continued: During the course of the year, Charlotte MacDiarmid Chair of Trustees, Bob Clift and Carin Lake stood down as trustees. Each in their own way made significant contributions to ensuring that what BWR does is what it aims to be: caring, compassionate and effective. We remain In their debt. This quote from one of the people we support stands as their trlbute: Albert Einstein once said, "A bundle of belongings isn t the only thing a refugee brings to his new country." In that spirit, please know that your help and support won t go unnoticed. My family and I are committed to keeping the legacy of your kindness alive. We'll contribute to the wellbeing, inclusion, and support of others in any way we can, working hard to be active citizens of our new home. Thank you, on behalf of the Trustees, to all those who contribute their time, energyi skill and passlon, not to mention money, to enable us to do what we do. Chalr Stephen Whlttle OBE Page 2 'all WELCOMES REFUGEES Reglstered Company Number 10245232 (England Wales}, Reglstered Charlty Number 1171442
BATTrf ll'ikn'll WELCOMES REFUGEES TRUSTEES. REPORT for the Year Ended 30 June 2024 The Trustees who are also directors of the charity for the purposes of the Companies Act 20061 present their report wlth the Flnancial Statements of the charity for the year ended 30 June 2024. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable to the UK and Republic of Ireland (FRS 102) (effective l January 2019). Reference and Adminlstrative Details Bath Welcomes Refugees a Limited companyi limited by guarantee as defined by the Companies Act 2006, Registered Number 10245232(England and Wales). It is registered with the Charity Commission of England and Wales under number 1171442. Details of the Trustees can be found on page 9. Details of the Registered Office can be found on page 9. Details of the Independent Examiner can be found on page 9. strurture, Governance and Management Bath Welcomes Refugees Is governed by Its Memorandum and Articles Incorporated 22 June 2016 as amended by special resolutlon registered at Companies Hou on 25 January 2017. The Trustees are supported by a Management Team who cover Practical support, Language provision, Befriendlngft Social activities, Fundraising, Benefits and Financial advice, Safeguarding and Communications. The organisation is entirely volunteer led. OBJECTIVES AND ACTIVITIES Objectives and Aims The charity's objects are, for the rellef of those granted refugee status and thelr dependents, or those seeking asylum: The lief of financial hardshlp; The preservation and protection of their physical and mental health; The advancement of their education and training so as to advance them in life and assist them to adapt within a new community. It has one simple alm: To bring to safety and security in the UK those people persecuted and in danger in their own countries and homelands, and in particular to help them settle in Bath or the surrounding area. Our actlvities include: Locating and preparing housing, fundraising, befrlending/rettlement support, Engllsh language teaching, providing social activities and more. Please note the Charity Commission has approved a change to our Objects (see page 5) subject to appmval by our Legal Members at the Annual General Meeting in September 2024. Page 3 WELCOMES Registered Company Number 10245232 {England and Wales), RegIstea Charlty Number 1171442
REIFUGEES TRUSTEES. REPORT for the Year Ended 30 June 2024 continued HIGHLIGHTS AND ACHIEVEMENTS OF THE YEAR A significant proportion of our work during the year has continued to be the support of Ukrainians and Afghans in Bath and the surrounding area under varlous Government Schemes. Since the Government Homes For Ukraine opened in the Spring of 2022, more than 350 Ukrainian guests have arrived and been accommodated in host homes in the area. Working in conjunction with and partly funded by B&NES and the Quartet Foundation we have provided support across a range of issues Including supporting English language development, finding move-on housing, setting up homes and assisting with moves, helping people into employment and organlslng social events. More recently, we have seen people arrivlng from Hong Kong under another Government support. We continue to give support to Syrian families and individuals as well as other nationalities. Our work was given recognition at a special ceptIOn hosted by B&NES to thank BWR for its work and dedication in making Bath and surrounding area a safe and welcoming place for refugees and displaced communities over the years since BWR was establlshed. In line with our 2020/2025 Strategy to build capacityi develop and strengthen the organisation to empower refugees and asylum seekers in Bath and the surrounding area to be become self-sufficient, integrated members of the local community our aims for 2023/2024 were to: Clarify and implement a staffing and management structure fit for the next five years. We now have three part-time staff, a Management Committee which oversees the operational activity of BWR, and a Board of Trustees which has the legal and strategic responsibillty for the work of the charlty. In addltion, there are 240 active volunteers. This is a complex management challenge and after much reflection, we have decided to enlist the help of a specialist consultancy to advise on how best to structure the organisation to help us meet the challenge of an expanded workload while maintaining our essentlal ethos. strengthen our volunteer systems and Internal processes. Over the past year several initiatives have been taken to improve both our contact with and supervision of volunteers who we rely on for the delivery of so much of our work. It is not easy. Volunteers are exactly that and not employees. We have refined and developed new processes designed to improve volunteer support and experience, their Ilnks with team leaders as well as being able to monitor overall supervision and delivery of our services. This remains work in progress as we continue to work with individual teams across the oryanisation. Develop a monitoring and reporting framework. Trustees, Management Committee and staff have been working to develop monitoring forms for each area of our activities to record and collect data which is user-friendly and recognises different settings and *rvices. It is intended to produce our first Annual Report and Impact Report for the Annual General Meeting in September. Page 4 BATh WELCOMES Reglstered Company Number 10245232 (England and Wales), Reglstered Charlty Number 1171442
/_* BATH,, -11 WELCOMES 11-kn REFUGEES TRUSTEES, REPORT for the Year Ended 30 June 2024 contlnued Strengthen refugee representatlon and the -refugee voice- in our decision making. This remains a long-term aim, as it requires fostering the participation of individuals. Our Operations Officer has the lived experience of being a refugee and we hope over the next year to establish an advisory group drawn from our existing beneficiaries who have provided feedback on what we need to do to improve our offer. We are also actively seeking a trustee with the lived experience of being a refugee. Other areas which help towards building our capacity and strengthen the organisation have included the following: Since the start of the current conflict in Ukraine and the support being given to Afghans arriving under various Government Schemes it was felt by the Trustees that BWR'S current Objectives needed to be widened to reflect the work being undertaken by BWR and to provide a greater range of services to a wider group of individuals who do not necessarily have official refugee status under English and Welsh Law. The Charity Commission has now given formal consent under s.198(2) of the Charities Act 2011 to amend the charity's objects to read: To relleve the needs of refugees, asylum seekers, or those displaced from theSr home country by reason of war, persecution, oppression, discriminatlon, natural dlsasters or other like causes, and their dependents, in particular but not exclusively seeking refuge within Bath and North East Somerset or the surrounding area (the Beneficiaries), who are In conditions of need, hardshipi or distress in partlcular but without limitation by: provlding or arranging for thelr education and training and the provlsion of support services including guidance, representation, translation and interpretation and other assistance to enable them to Ilve independentlyi improve their Ilfe chances and settle Into and participate fully in community Ilfe; The relief of flnanclal hardshipi Provldlng activities to preserve and protect their physlcal and mental health. The provlsion of facilitles for recreation or other lelsure tlme occupatlon with the object of improving the conditions of life of the Beneflclarles by reason of thelr social and economlc clrcumstances. and To advance the education of the general public about issues relating to migration, refugees and those seeking asylum. The Legal Members wlll need to pass a special resolution to adopt these new Objectives at the Annual General Meeting in September 2024 and then registered at Companies House before coming into effect. In order to ensure the safety of our clients, volunteers and staff as well as compliance with relevant legislation we sought specialist advice to review and update our data protectlon policie5 to ensure alignment with the GDPR. In addition, our safeguarding policies and procedures have been a review to ensure they match best practice. Every new volunteer is DBS checked and receives induction training before being allocated to a team. We have also thoroughly reviewed our Risk Register to ensure it reflects reality and is easy to use. Page 5 BATH 11 &11 WELCOMES REFUGEES Reglstered Company Number 10245232 (England and Wales), Reglstered Charlty Number 1171442
WELCOMES RE:FUGEES TRUSTEES. REPORT for the Year Ended 30 June 2024 continued We now have a small office in Bath which provides a base for staff to work, meet clients and hold confldential conversations as well as provlding a meeting place for the Management Committee, Trustees and volunteer teams. We now have a Communications Strategy in place with the aim of raising awareness building BWR'S "brand" attracting volunteers and generating a supportive/favourable environment for refugees and asylum seekers in B&NES. Three new volunteers have been recruited to implement the strategyi Strengthen our social media presence and construct a new website. THE FUTURE An Organlsational Strategy was initially developed in 2020 coverlng 202012025. Based on changlng clrcumstances demand for our servlces and the progress which has been achleved up to June 2024 thls has been reviewed and the objectives for 202412025 updated In order to achleve our Intended impact and outcomes of the support we provide for refugees and asylum seekers. Specific organlsational capaclty bullding alms are to: To better monitor and evaluate our impact on the Ilves of our beneficiaries. Strengthen our volunteer systems and internal processes. Build a stronger BWR community. strengthen refugee representation and the "refugee voice" in our decision making. Increase organisational resilience. Continue to raise awareness. Page 6 WELCOMES RE..FUGEES Reglstered Company Number 10245232 {England and Wales), Reglstered Chamty Number 1171442
WELCOMES REFUGEES FINANCIAL REVIEW Our total income from all sources for the year ending 30 June 2024 amounted to £117,636 (2023: £112,101). Income from Charitable activlties at £68,476 (2023:£60,928) primarily reflect increased support for the services we provide to B&NES. Individual donations in 2024 were £19,590 similar to those of {2023:£20,089). We received restricted donations from individuals of £750 (2023:£24,206) Total expenditure in the year rose 38% in the year to £103,993 from £75,451 in 2023. Of this £28,542 increase, expenditure on direct support services accounted for £19,374 with total spend at £90,225 (2023 £70,851) an increase of more than 27 % . The additlonal expenditure reflects the full year cost of our Operations Officer plus extra hours for the Refugee and Asylum Seeker Coordinator needed to support the increased demand for support in the year. In part these additional costs have been covered by the remaining restricted donatlons from 2023 as well as being reimbursed for the support we have provided to Bath & North East Somerset Council to support refugees. There has been a slgnificant increase In Governance and Admlnlstratlon expenses from £3,412 in 2023 to £10,387 in 2024 this due principally to the cost of professional legal and consultant advlce on the revlsion of BWR'S Objects and Articles and compliance with Data Protectlon leglslation. Fundraislng activities this year included a successful major event - Syrian Feast and Auction as a result expenditure in the year amounted to £3,381 (2023 £1,188), simllar to 2022. General income in the year totalllng £116,886 (2023: £87,895) exceeded expenditure of £90,414 (2023: £62,855) and generated a surplus of £26,472 In the year and total general funds of £149,289. Reserves Bath Welcomes Refugees aims to retain sufflclent free reserves to ensure that the ongolng commitments of the charity can be met in the event that it was unable to secure further funding during the year. As the charity now has part time employees and other contractual arrangements the trustees have concluded that for the coming year unrestricted free reserves of £15,000 should be retsined. The continued appropriateness of this policy is reviewed annually by the trustees. Free reserves available for use by Bath Welcomes Refugees are those that are readlly realisable, less funds whose use are restricted or have been designated for particular purposes. As at 30 June 2024 free reser4es amounted to £134,289 (2023: £110,317). With these reserves we are able to sustain the direct support of our families and individuals. Designated Funds Reserves of £5,000 (2023 £2,500) have been allocated to enable an individual to pursue training towards employment opportunities (up to £500 person). Reserves of £10,000 have been allocated for an Emergency Fund to be utili5ed where there is a potentlal significant impact on health, well-being or quality of life. Page 7 BATTr1 REFUGEES RegiSted Company Number 10245232 {England and Wales), Reg15tered Charfty Number 1171442
REFUGEES INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BATH WELCOMES REFUGEES Independent examiner's report to the trustees of Bath Welcomes Refugees ('the Company.) I report to the charity trustees on my examinatlon of the accounts of the company for the year ended 30 June 2024. Responsibilities and basls of report As the charlty's trustees of the Company (and also Its dlrectors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the qUIreMentS of the Companies Act 2006 ('the 2006 Act,). Having satlsfled myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are ellgible for independent examination, I report In respect of my examinatlon of your charity's accounts as carrled out under section 145 of the Charities Act 2011( 'the 2011 Act,). In carrying out my examination I have followed the Dlrectlons glven by the Charlty Commission under sectlon 145(5), (b) of the 2011 Act. Independent examiner's statement I have completed my examlnation. I confirm that no matters have come to my attention in connection with the examination glving me cause to believe: l. Accounting records were not kept in respect of the company as required by Section 386 of the 2006 Act: or 2. the accounts do not accord with those records: or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and falr view which Is not a matter considered as part of an independent examinatlon" or 4. the accounts have not been prepared In accordance with the methods and prlnciples of the Statement of recommended practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financlal reporting standard applicable in the UK and Republlc of Ireland (FRS 102), e no concerns and have come across no other matters In connectlon wlth the ination to which attention should be drawn in this report In order to enable a proper rstanding of the account5 to be reached, I ha exa w Chard F King Watkins Ltd The Island House Midsomer Norton Radstock Somerset BA3 2DZ CA Date: vi.l.E.Ivtr......... Page 8 REFUGEES Reglstered Company Number 10245232 (England and Wales), RegIsted Charlty Number 1171442
|I-'-"11 WELCOMES REFUG,EES REFERENCE AND ADMINisfRATIVE DEfAILS Registered Address The Island House Midsomer Norton Radstock Somerset BA3 2DZ Trustees Mr S Whittle OBE (Chalr) (appointed Chair 31 March 2024) Ms C MacDiarmld (Chair) (reslgned 31 March 2024) Mr R Clift Mrs V Jensen Ms C Lake Ms L Rickett Mrs K Kyle Ms R Osborne (resigned 31 March 2024) {Signed 21 September 2023 ) (appointed 23 June 2023) (appointed 8 August 2023) (appointed 12 February 2024) Independent Examiner Matthew Chard FCCA King Watklns Ltd The Island House Midsomer Norton Radstock Somerset BA3 2DZ Page 9 BATHI 11 WELCOMES REFUGEES RegIsted Company Number 10245232 (England and Wales), RegIsted Charlty Number 1171442
WELCOMES RPFIIGEES STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2024 Unrestricted Funds Restricted Funds Total Funds 2024 Total Funds 2023 Notes INCOME AND ENDOWMENTS FROM Donations and legacies 44,304 750 45,054 49,677 Charitable Activities 68,476 68.476 60,928 Investment Income 4,106 4,106 1,496 TOTAL 116,886 750 117,636 iiiioi EXPENDITURE ON Raising Funds 3,381 3,381 1,188 Charitable Artlvlties Dlrect support serVIS Govemance & Admin 76,646 10,387 13,579 90.225 10,387 70,851 3,412 TOTAL 90.414 13,579 103,993 75,451 NET INCOME/ (EXPENDITURE) 26,472 (12.829) 13,643 36,650 RECONCILIATION OF FUNDS Total funds brought forward 122,817 15,108 137,925 101,275 TOTAL FUNDS CARRIED FORWARD 149,289 279 151,568 137,925 The notes form part of these financial statements Page 10 li all WELCOMES REFUGEES Registered Company Number 10245232 (England and Wales), Re91stered Charlty Number 1171442
BATH 11 knll WELCOMES REFUG,EES BALANCE SHEET AT 30 JUNE 2024 Unrestricted Funds Restricted Funds Total Funds 2024 Total Funds 2023 Notes CURRENT ASSETS Debtors Cash at bank and in hand 6,573 131.972 149,557 2,279 151,836 CURRENT ASSETS 149.557 151 836 CURRENT LIABILITIES Creditors (due withln one year) 268 268 620 TOTAL ASSETS LESS CURRENT LIABILITIES 149,289 2.279 151,568 137,925 NET ASSETS 149 289 151 568 137 925 FUNDS Unrestrlcted Funds 148,913 148,913 122,817 Restrfcted funds 2,279 2,279 15,108 TOTAL FUNDS 149,289 2.279 151,568 137,925 The charitable company Is entitled to exemption from audit under Section 477 of the Companles Act 2006 for the year ended 30 June 2024. The members have not requlred the company to obtaln an audlt of Its flnancial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006. The Trustees acknowledge their responslbllltles for a) Ensurlng that the charitable company keeps accounting records that comply wlth Sectlons 386 and 387 of the Companies Act 2006 and b) Preparing financlal statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each fi'nanclal year in accordance with the requlrements of Sections 394 and 395 and whlch otherwise comply with the requirements of the Companies act 2006 relating to financial statements, so far as applicable to the charitable company. These financial statements have been prepared In accordance with the special provisions of Part 15 of its the Companies Att 2006 relating to charltable small companles. These financial statements were approved by the Board of Trustees on 8 August 2024 and were signed on its behalf by: Stephen Whittle OBE - Chair of the Board of Trustees The notes fomi part of these financlal statements Page 11 BATH Ilkll WELCOMES REFUGEES Reglstered Company Number 10245232 (England and Wales), Reglstered Charlty Number 1171442
WELCOlsfjES REFUGEES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 I. ACCOUNTING POLICIES Basis of preparlng the financlal statements The flnancial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reportlng 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 (FRS102) (effettive l January 2019),. Flnancial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republlc of Ireland, and the Companies Act 2006. The Financial statements have been prepared under the historical cost convention. Income All income will be recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income wlll be received, and the amount can be measured reliably. Expendlture Liabilities are recognlsed a soon as there is a legal or constructive obligation commlttlng the charlty to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. whe costs cannot be dlrectly attrlbuted to partlcular headings, they have been allocated to activities on a basis consistent wlth the use of resour$. Charitable Activitieg Dlrect Support Servlces represent the costs directly attributable to activities to support those granted refugee status or those seeking asylum, which include preparing housing, resettlement support, English language teaching, befriendingi assistance with employment and education as well as social activities and managing the volunteers who support the families and individuals. Governance & Admlnlstration costs Include the direct costs of the admlnlstration Bath Welcomes Refugees and compliance with constitutional and statutory requirements. These costs include, employment, accountancy* legal advlce for trustees and costs associated with Board meetlngs. Depreclatlon Depreciation is provlded In equal annual Instalments over the useful Ilves of the assets subject to a cost threshold of £500. Taxatlon The charity is exempt from corporation tax on its charitable activities. Fund accountlng Unrestrlcted Funds - these are funds which are available for use at the diSction of the Board of Trustees in the furtherance of Bath Welcomes Refugees Object. Deslgnated Funds - these funds have been set aside out of Unrestricted funds, at the discretion of the Trustees, for specific purposes. The Trustees review the status and adequacy of the individual designated funds in relation to the achievement of Bath Welcomes Refugees charitable objectives. The purposes and uses of these funds are set out on page 14 in the notes to the accounts. Restricted Funds these funds are subject to specific conditions imposed by the donors. The purposes and uses of these funds are set out on page 14 in the notes to the accounts. Page 12 BATN REFIgGEES Reglstered Cornpany Number 10245232 (England and Wales), Reglstered Charlty Number 1171442
BATH WELCOMES REFUGEES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 continued 2. INVESTMENT INCOME Year Ended 30.6.24 Year Ended 30.6.23 Deposit account interest £4,106 £1,496 3. TRUSTEES, REMUNERATION AND BENEFITS There were no Trustees, remuneration or other benefits for the year ended 30 June 2024 nor for the year ended 30 lune 2023. Trustees. expenses Trustee expenses pald In the year ended 30 June 2024 amounted to £65 (2023: £295). 4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTivrriES Unrestrlcted Fundg Restrlcted Funds Total Funds 2023 INCOME AND ENDOWMENTS FROM Donations and legacies Charitable Activlties 25,471 60,928 24,206 49,677 60,928 Investment income 1,496 1,496 TOTAL 87,895 24.206 ii¥ioi EXPENDITURE ON Raising Funds 1,188 1,188 Charltable activities Direct support servitrs Governance & Admin 58,923 2,744 11,928 668 70,851 3,412 TOTAL 62,855 12,596 75,451 NET INCOME/ (EXPENDITURE) 25,040 11,610 36,650 Transfer between funds Total funds brought forward 101 275 TOTAL FUNDS CARRIED FORWARD 122,817 15,108 137.925 Page 13 WELCOMES REFUGEES Reglstered Company Number 10245232 (England and Wale5). Re9lstered Charlty Number 1171442
VIELCOMES REFUGEES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 continued 5. MOVEMENT IN FUNDS Net movement in Funds At 1.7.23 At 30.6.24 Unrestricted Funds General Fund Designated Funds 110,317 12,500 23,972 2,500 134.289 15,000 122,817 26,472 149,289 Restrlcted Funds Communlty Sponsorship Somerset Supports Ukrainians Quartet Foundation merrS Company Social Activitles Heatlng Grant 3,173 216 7,719 3,500 500 (894) {216) (7,719) (3,500) (500) 2,279 15,108 (Il829) 2,279 TOTAL FUNDS 137,925 13,643 151,568 Net movement In funds, included above. Incoming Resources Regource8 Expended Movement In Funds Unrestrlcted Funds General Fund Designated Funds 113,886 3,000 (89,914) (500) 23.972 500 116.886 (90,414) 26,472 Restricted Funds Community Sponsorshlp Somerset Supports Ukrainians Quartet Foundation Mercers Company Social Events Heating Grant (894) (216) (7,719) (3,500) (1,000) (250) (894) (216) (7,719) (3,500) (500) 500 250 750 829 TOTAL FUNDS 117.636 (103,993) 13,643 Page 14 WELCOMES 11 èll REFVGEES RegIsted Company Number 10245232 (England and Wales), Reglstered Charity Number 1171442
WELCOMES REFUGEES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 continued Comparatives for movement in funds At 1.7.22 Movement in Funds At 30.6.23 Unrestricted Funds General Fund Designated Funds 95,277 15,040 110.317 97.777 25,040 122,817 Restrlcted Funds Community Sponsorship Calais Convov Foyle Foundation Co-op Neighbourly Fund Toys Somerset Supports Ukralnians Quartet Foundation Mercers Company Social Activities 342 131 2,325 450 250 2,831 (131) (2,325) (450) (250) 216 7,719 3,500 500 11,610 3,173 216 7.719 3,500 500 15,108 3,498 TOTAL FUNDS 101,275 36,650 137,925 Comparatives for movement in funds shown above Incomlng Resources Resources Expended Movement In Funds Unrestrlcted Fund$ General Fund Designated Funds 77,895 (62,855) 15,040 87,895 (62,855) 25.040 Restrlcted Funds Community Sponsorship Calais Convoy Foyle Foundation Co-op Neighbourly Fund Toys Support for Ukrainlans Somerset Supports Ukralnians Quartet Foundation Mercers Company Social Activities 3,400 (569) (131) (2,325) (450) (250) (1,280) (3,810) (2,281) (1,500) 831 (131) (2,325) (450) (250) 1,280 4,026 10,000 5,000 500 216 7.719 3.500 500 TOTAL FUNDS 112,101 (75.451) 36,650 6. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 30 June 2024. Page 15 REFUGIEES Regislered Company Number 10245232 (England anij Wales), Reglstered Charlty Number 1171442