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2024-08-31-accounts

Trustees' Report and Unaudited Financial Statements SEPTEMBER 2023 – AUGUST 2024

Ella's Home (known as Ella's) Company number: 12178531 Charity number: 1187529

Contents

Contents
REFERENCE AND ADMINISTRATIVE DETAILS 2
INTRODUCTION 3
STRATEGIC WINS 4 – 5
GOVERNANCE REPORT 6 – 28
The Independent Examiner’s Report 10 – 11
The accounts for the year ended 31 August 2024 12 – 28
THANK YOU 29

Photo below: Staff/Ella’s. Cover photo: Tom Price/Ella's

Reference and administrative details for the year ended 31 August 2024

Ella's Home (known as Ella's)

Company number: 12178531

Charity number: 1187529

Bankers:

The Co-operative P.O. Box 250 Skelmersdale WN8 6WT

Registered office and operational address:

Ella’s 150 Minories London EC3N 1LS

Independent examiners:

Godfrey Wilson Limited Chartered accountants and statutory auditors 5th Floor Mariner House 62 Prince Street Bristol BS1 4QD

Trustees:

R. Claydon (Chair) C. Davis

E. Imeraj

Co-Directors:

Emily Chalke Minke van Til

N. Jaffer

C. Kiddy (Joined Feb 25)

W. Leyland (Treasurer)

L. Russell (Joined Feb 25)

E. Shoultz (Left Sept 24)

‘I was so depressed before, after everything that happened to me. Now, I’m completely different. Here at Ella’s, we can follow our dreams. I used to feel so hopeless, but now I don’t. Hopefully, God willing, I will have a good future.’

AISHA

Where we use survivor names, please assume these have been changed for the protection of the women we work with.

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Introduction

Our mission at Ella’s is to do everything we can to ensure survivors of trafficking and exploitation have all they need to recover and build lives that are safe and free.

This Trustees’ Report covers September 2023 to August 2024, the first year of our new five-year strategy.

Our five-year strategy (2023 to 2028) is focused on enabling us to:

a) provide even more comprehensive support, and for more women; and b) step up to fill more of the gaps in existing services for survivors in the UK.

Based on our experience within the sector and our direct work and consultation with survivors, we have identified the following needs and gaps on which to focus our development between now and 2028:

This report covers our year 1 progress, as well as some key highlights, statistics and stories* from the year.

IN 2023/24 WE HAD TO TURN AWAY 89% OF REFERRALS FOR OUR SERVICES DUE TO CAPACITY. WE ARE COMMITTED TO PROVIDING INCREASINGLY EFFECTIVE SUPPORT FOR MORE WOMEN.

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We are family

We made strong progress last year towards our strategic goal to increase safe house provision and one to one support for survivors who are mums, and their children.

A place to call home

We converted one of our existing safe house properties from a home for individual survivors into a self-contained family safe house, in Summer 2024. We were so grateful for a donation from the team at The Beauty Crop, as well as volunteer support from them and others to make this possible.

It was a special day when a mum moved into our first ever family home with her toddler and six-month-old baby. She said they slept

so soundly that first night knowing they were safe. She said, ‘Now, I can breathe again.’

All being well, we will open a new property in Winter 2024/2025 also for a mum with children, thanks to the Women in Safe Homes (WISH) fund.

Enhanced support

The number of mums and children at Ella’s has been rising year on year, and our learning and their feedback has been that specialist and dedicated support is needed to ensure the best possible outcomes for them. For this reason, we have added the role of Children and Families Worker to our frontline team.

We are a place of empowerment

Our work at Ella’s starts with recovery: giving survivors the space, time, security, support and professional help they need to begin moving on from experiences that no human should go through. But it doesn’t end there. Empowerment is crucial in order for survivors to build lives that are truly safe and free, and for the long term, which is why we have a strategic goal focused on this.

The right team

We continue to develop our work to ensure we are supporting survivors to build the knowledge and skills, as well as the confidence and community network that they need to build stable lives. We now have a Survivor Development and Community Coordinator who oversees this work, as well as a Resettlement Caseworker to bolster our

support for women preparing to move on from Ella’s and embrace independence.

We’ve also formed new partnerships to provide work experience and employment opportunities for the women we work with.

The right tools

We’re grateful to the National Lottery for supporting this side of our work between 2021 and 2024, during which we developed our team and structure as well as launched a trial of a 12-week curriculum for survivors to progress through during their middle and latter stages at Ella’s. The curriculum is called Head, Heart, Hands; covering knowledge (head), emotional wellbeing and community (heart), and skills and resources (hands).

Photo: Tom Price/Ella's

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We are stronger

As an organisation, we continued to grow stronger last year. Our staff team grew to 15 full time equivalents (FTE), supported by around 81 volunteers over the year. Our number of individual supporters as well as business supporters continues to rise.

We made a huge step forward last year when we purchased our first property with support from Charity Bank, Trust for London and TRIBE. This two-bed flat takes our safe house count to four.

Our first house purchase

Owning a house, as opposed to leasing, offers numerous long-term benefits that directly contribute to our financial sustainability. With ownership, we gain a stable asset that appreciates over time, creating a stronger financial foundation for Ella’s.

This stability reduces our dependency on external factors, and allows us to better

manage our resources and plan for the future with greater confidence.

Additionally, this purchase significantly enhances our ability to attract more capital investment, and opens up new opportunities for us to expand our work.

We are now better positioned to seek further funding to purchase additional homes, increasing our capacity to support more survivors.

This first owned house is not just a home for those who will live in it; it is a cornerstone for our future growth.

In time, as our financial sustainability increases, we aim to open up spaces for survivors with no recourse to public funds, meeting an urgent demand in the sector.

We are not done yet

In terms of the gaps for survivors identified in our current strategy (2023 to 2028), we’ve made good progress for mums with children, and also on providing skills and tools needed for long term stability including employment.

We’ve become stronger, achieving the milestone of our first property purchase, and our reputation continues to grow.

But we’re not done yet.

In the next year, year 2 of our five-year strategy, we aim to:

Photo: Tom Price/Ella's

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Governance report

The objects of the charity are for the public benefit. They are listed with the Charity Commission as follows:

1) to provide relief for women and other victims affected by human trafficking and sexual exploitation including, but not limited to, the provision of safe and restorative accommodation, counselling, medical care, financial assistance, education and other services to support long-term aftercare and recovery; and

2) to advance public awareness and understanding of issues surrounding sexual exploitation and human trafficking throughout the United Kingdom and elsewhere.

Our support

Our support for women is tailored to every individual, including help with:

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STRUCTURE, GOVERNANCE AND MANAGEMENT

Reference and administrative information set out on page 2 forms part of this report. The financial statements comply with current statutory requirements, the Memorandum and Articles of Association and the Statement of Recommended Practice - Accounting and Reporting by Charities (effective from January 2019).

Ella’s is overseen by a board of seven trustees including a trustee with lived experience of trafficking. Trustees with relevant expertise are currently being recruited to grow and strengthen the board. The board meets quarterly, with additional interim meetings when required to support the work of the charity.

Day to day management is conducted by two Co-Directors and their management team. Ella’s has 16 staff members and receives the support of volunteers. In the year to 31 August 2024, Ella’s engaged 81 volunteers.

We have been fortunate to receive pro bono support from A21, The Beauty Crop, Ethical Property, Gowling WLG (UK) LLP, Holder & Combes, Landaid, Lester Aldridge, Lloyds Bank, The Lloyds Bank Foundation for England and Wales, Mama Suze, Movement Charity, N1 Garden Centre, PropUp Project, Sarah Miller, Stripe & Stare, Texel, Tony’s Chocolonely, Travers Smith, Unseen Tours as well as several individual donors.

RISK MANAGEMENT

At Ella’s we are acutely aware of the vulnerability of those that we work with, and our staff and volunteer team. Our policies are designed to manage and mitigate against such risks as well as those challenges that could hinder the organisation’s own short and long term sustainability. All such risks are captured in our risk register and reviewed quarterly as well as in response to significant events.

We have strong safeguarding policies and procedures to mitigate the very real risks to our service users.

We are also aware of the risks to our staff of burnout due to the nature of the work and regularly review our wellbeing policy to ensure we are taking care of our staff.

Finally, we regularly review our reserves and financial position in order to ensure that our income is sufficient to cover both our ongoing costs and our growth. In recognition of our growth and the increased demand for our services, we review the risk register every quarter and key risks are reviewed by the trustees at each board meeting.

‘My support worker at Ella’s is amazing, I’ve never known this kind of support before. I am wishing and praying that other women are able to find a place like Ella’s.’

LINDA

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FINANCIAL REVIEW

We strengthened our long term financial positions by purchasing our first property. Income grew to £942,311, 45 percent of which came from trusts and foundations, 27 percent from charitable activities and 28 percent from public donations (including gifts in kind).

Of our income, 15 percent went to raising funds and 85 per cent to charitable

activities, which is in line with our expectations based on our size and nature of our work.

Our expenditure exceeded our income due to the extra costs associated with bringing on new properties. We intend to focus on building our reserves in the coming year to position ourselves for future growth.

RESERVES POLICY

Ella’s reserve policy is to retain three months of running costs, excluding those already covered by restricted funds, as free reserves. On 31 August our reserve policy required a reserve of £147,355. At the end of the period, Ella’s retained £176,430 in total funds and £21,047 in restricted funds, leaving free reserves of £155,383, in line with our policy.

Cash balances at 31 August were lower than normal due to £109,658 being due from debtors.

Of this, 86 percent has now been recovered and cash balances have returned to normal.

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Declarations

Statement of responsibilities of the trustees

The trustees (who are also directors of the charity for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing those financial statements the trustees are required to:

with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Companies Act 2006. The trustees are also responsible for safeguarding the assets of the charity 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 in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.

Independent examiners

Godfrey Wilson Ltd were re-appointed as independent examiners to the charitable company during the period and have expressed their willingness to continue in that capacity.

Approved by the trustees on 25 March 2025 and signed on their behalf by

The trustees are responsible for keeping proper accounting records which disclose

Rebecca Claydon, Chair

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Independent Examiner's Report

To the trustees of:

Ella's Home

I report to the trustees on my examination of the accounts of Ella's Home (the charitable company) for the year ended 31 August 2024, which are set out on pages 12 to 28.

Responsibilities and basis of report

As the trustees of the charitable company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Godfrey Wilson Limited also provides bookkeeping support services to the charitable company. I confirm that as a member of the ICAEW I am subject to the FRC’s Revised Ethical Standard 2016, which I have applied with respect to this engagement.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1) accounting records were not kept in respect of the charitable company as required by section 386 of the 2006 Act; or

Having satisfied myself that the accounts of the charitable company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charitable company's accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner’s statement

Since the charitable company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.

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 fair view' which is not a matter considered as part of an independent examination; or

4) the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

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I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

25 March 2025

Robert Wilson FCA

Member of the ICAEW For and on behalf of: Godfrey Wilson Limited Chartered accountants and statutory auditors 5th Floor Mariner House 62 Prince Street Bristol BS1 4QD

‘[At Ella’s] I found a team and support from other people, new people in my life. I feel like I can throw my past...behind me, and start fresh... I used to feel weak, but now I am convinced that I am strong.’

KATY

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Ella's Hom• Stat•m•nt ol flnandal actlvltl•s (incorporatiry an income and expenditurn acco[￿t) For th• y••r •nd•d 31 August 2024 2024 Total 2023 Totsl Restrictsd Unrestricted Note Income from: L)onatlOW4 and legacies Charitable activities Other Iradiw activities 344.860 344.623 252,528 300 689,483 251520 300 587.240 120.003 17 528 Total Incom• 344.860 597.451 941311 724,771 Éxp•ndltur• on: RaiairKJ lurds Charitable activiti•5 5,622 415,219 118,891 443,653 124,513 858.872 755,302 548,781 Total •xp•ndltur• 420.841 562,544 983.385 704,OB3 N•t Income / {exp•ndltur•) and mov•m•nt In fundi (75.981) 34.907 (41.074) 20.688 R•conclll•tlon ol lundi: l otal broLght forward (r￿tsted) 97,028 144,341 241,369 220,681 Total lundi ¢arrl•d forw•rd 21,047 179.248 200,295 241.369 AJI ol the above results are derived from contrrKMry activitifJ. There were rK> Ottr￿ rec0grM￿ed gain5 or losse5 Other than those stated above. Move•ments in furyjs are disclosed in note 16 10 aeeounts. Photo.- Torn Price/Ella 5

The directors are satisfied that the company is entitled to exemption from the provisions of the Companies Act 2006 (the Act) relating to the audit of the financial statements for the year by virtue of section 477(2), and that no member or members have requested an audit pursuant to section 476 of the Act.

The directors acknowledge their responsibilities for:

(i) ensuring that the Company keeps proper accounting records which comply with section 386 of the Act; and

(ii) preparing financial statements which give a true and fair view of the state of affairs of the Company as at the end of the financial year and of its profit or loss for the financial year in accordance with the requirements of section 393, and which otherwise comply with the requirements of the Act relating to financial statements, so far as applicable to the company.

These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies' regime. Approved by the trustees on 25 March 2025 and signed on their behalf by

Rebecca Claydon, Chair

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WITH SPECIAL THANKS TO

Photo: Tom Price/Ella's

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ELLA'S HOME:

Notes to the financial statements. For the year ended 31 August 2024.

1. Accounting policies

Income will be received and the amount can be measured reliably.

a) Basis of preparation

Ella's Home is a charitable company limited by guarantee registered in England and Wales. The registered office address is 150 Minories, London, EC3N 1LS.

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities in preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Ella’s Home 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 note.

b) Going concern basis of accounting

The accounts have been prepared on the assumption that the charity is able to continue as a going concern, which the trustees consider appropriate having regard to the current level of unrestricted reserves. There are no material uncertainties about the charity's ability to continue as a going concern.

Income from the government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Income from housing benefit is recognised when entitlement to claim is met.

d) Donated services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item, is probable and the economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

e) Interest receivable

c) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item of income have been met, it is probable that the

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity: this is normally upon notification of the interest paid or payable by the bank.

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1. Accounting policies (continued)

f) Funds accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.

g) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

These costs have been allocated between cost of raising funds and expenditure on charitable activities based on the proportion of staff costs, as follows:

2024 2023
Raising funds 15% 22%
Charitable activities 85% 78%

i) Tangible fixed assets

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

Household goods, 5 years straight line basis Office equipment 3 years straight line basis Leasehold property, 50 years straight line basis

Items are capitalised where the purchase price exceeds £500.

j) Debtors

h) Allocation of support and governance costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Governance costs are the costs associated with the governance arrangements of the charity, including the costs of complying with constitutional and statutory requirements and any costs associated with the strategic management of the charity’s activities.

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

k) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

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1. Accounting policies (continued)

l) Creditors

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are depreciation of fixed assets as described in note (i) above.

m) Financial instruments

The charitable company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently recognised at amortised cost using the effective interest method.

n) Accounting estimates and key judgements

In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in

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I Prior p•riod comparatives: •tat•m•nt of financi•l activiti￿ (rmtatod) 2023 Totsl Restricted Unrestricted Incom• from: Donations and legacies Charitable activities Other trading activities 369,986 217,254 120,003 17,528 587,240 120,003 17,528 Total incom• 369,986 354,785 T24,Tll Expenditure on: Raising funds Charitable activities 5.622 356,707 149.680 192,074 155.302 548,781 Total exp•ndltur• 362,329 341,754 704,083 N•t In¢om• and n•t mov•m•nt In funds 7,657 13,031 20,688 3. Incom• from donatlon• and l•g•cl•• 2024 Total Restricted Unrestricted Grants > £lO.OOQ. AB Trust Albert Hunt Trust City Bridge Foundation Lloyds Bank Foundation Meeting Needs National Lottery I￿akerS Society of the Holy Child Jesus The London Community Foundation The Swire Charitable Trust Tribe Freedom Foundation Grants <- £lO.000 other donations Gifts in knnd. 22.000 10.000 22,000 io,000 37,018 25,000 14,795 111,740 19,000 20,000 22,566 25,000 80,000 37.936 149,093 115.335 37,018 25.000 14.795 111.740 19,000 20.000 22,566 25.000 80,000 37.436 22,305 500 126,788 115,335 Total Incom• from donatlons and l•gacl•s 344,860 344,623 689,483 18

*Gifts in kind include legal advice, room hire, and consultancy services donated to the charity. The split of expenditure between funds has been restated to correctly allocate expenditure against the BCBN fund.

All income in the current and prior period was unrestricted.

All income in the current and prior period was unrestricted.

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6. Government grants

The charitable company receives government grants, defined as funding from MOPAC and The National Lottery Community Fund to fund charitable activities. The total value of such grants in the period ending 31 August 2024 was £145,460 (2023: £92,888). There are no unfulfilled conditions or contingencies attaching to these grants in 2024/25.

7. Total expenditure

*Costs include professional services, housing costs, client support and office costs donated to the charity as gifts in kind.

Total governance costs were £3,600 (2023: £3,300).

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*Costs include professional services, training and development, and fundraising support donated to the charity as gifts in kind.

In common with other charities of our size and nature we use our auditors to assist with the preparation of the financial statements.

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No employee earned more than £60,000 during the year.

The key management personnel of the charitable company comprise the Trustees, the CoDirectors, and the Management Team. The total employee benefits of the key management personnel were £232,918 (2023: £223,511).

10. Taxation

The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

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  1. Tangible flxed assets HoLtsehold goods Office equipment Leasehold property Total Cost At I SeptefTrber 2023 Additions in year. 1.999 2,596 4,595 300,000 300,000 At 31 AugLSt 2024 1,999 2,596 300,000 304,595 D•pr•ci•tlon At I September 2023 Charge for the year 728 399 1348 248 3.076 1147 1,500 At 31 ALMJUSt 2024 1,127 2,596 1,500 5.223 N•t book v•lu• At 31 August 2024 872 298,500 299.372 At 31 ALKJLL£t 2023 1,271 248 1.519
  2. D•btors 2024 2023 Trade debtors Prepayments Other debtors 84,525 15,238 9.895 7,890 13,440 3.131 109,658 24,461
  3. Cr•dltors: amounts du• wlthln 1 y•ar 2024 2023 Trade creditors Accruals Payroll liabilities Mortgage liabilities 334 13,785 12.769 4.911 277 9.210 11.898
  4. Credltors: amounts due after 1 year 2024 2023 Mortgage liabilities 243.708 23

On 22 May 2024, Ella's Home Ltd entered into two mortgages. A mortgage with the Charity Bank for £90,000 which has a an interest rate of the base rate plus 3.5%, and a mortgage with Trust for London for £160,000 which has an interest rate of the base rate plus 0.5%, capped at 4%. Both loans are repayable over 10 years.

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Purpose of restricted funds

Albert Hunt Trust - Capacity building to purchase home The Arnold Clark Community Fund - Renovation of new home Aviva - Supporting financial wellbeing of service users Big Give - Children and Families Worker B&Q - Safehouse home improvements Charles Hayward Foundation - Outreach salaries The Childhood Trust - Children and families worker City Bridge Foundation - Frontline salaries Fir Tree - Children and families worker Hewlett Packard - Frontline salaries Marsh Trust - New homes Meeting Needs - New homes Merchant Taylor - New homes MOPAC Outreach - Support for outreach worker Mrs Maud Van Norden's Charitable Foundation - New homes

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15. Movement in funds (continued)

Purpose of restricted funds (continued)

National Lottery Community Fund (1) - Community resettlement scheme National Lottery Community Fund (2) - Support for social enterprise National Lottery Community Fund (3) - Cost of living support Peter Stebbings Memorial Charity - Safehouse costs Quakers - Deposit for house purchase Reach Fund - Capacity building to purchase home ROSA - Lived Experience Advisory Board Prism the Gift Fund (Matrix) - Holly safehouse Tribe Freedom Foundation - Ella's core objectives The London Community Foundation - Frontline salaries

Funds in deficit

The MOPAC Outreach fund and the London Community fund are in deficit at the year end as these projects are ongoing and further funds will be received in 2024/25.

In was such an honour to receive the ‘Rebuilding Lives’ award at the Anti-Slavery Day Awards in October 2023, run by the Human Trafficking Foundation and the Marsh Charitable Trust. It was great to see our amazing frontline team recognised in in this way.

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Photo: Lloyds Bank Foundation/Ella's 26
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  1. Mov•m•nts in funds (¢ontinu•d) Prlor perlod comparatlves (restated) At I September 2022 At 31 AugL6t 2023 IrKome ExpeTrJitLKe Restricted lunds Abert Hunt Trust Arnold Clark Automobiles Aviva 19,664 (3.600) 16.064 i.ooo 1,769 4.044 1.000 7,335 5.000 3,000 18,800 13,000 3,000 2,500 3,000 (5.5661 (9561 (3.0001 (16,0321 (20.69SI {5,507) (2.5001 (3.0001 8C8N Charles Hayward Foundation Enterprise Dwdopment FuTrJ Farthing Tr￿t Fir Tree Hiscox FoLndalion Marsh Trust Meeting Needs Merchant Taoor MOPAC Outreach Mrs Maud Van Norden's Charitable Foundatitsn Naiion•l Ltsttery Community Fund (l) National Lottery Community Furtd (2) Percy Bilton Peter StebbiTh4s Memorial Charity Reach Fund ROSA Prism the Gift Fund (Matrix) Screwlix Foundation SMB Trust The 29th May1961 Tr￿St The Big Give Tribè Freedom Foundation The London Cofrffiunity FoLmdation 5,047 7.695 2,507 7,815 400 5,000 4C (5.0001 5.oc (7,349) 42.150 149.4991 3.000 16.106 11.3231 {49.8091 (1.127) (5,3151 1.677 7.035 8.873 40,738 ,000 5,315 5,000 8,750 24,924 5.oc 6,750 5,259 4.597 (2.0001 (19.6651 (4031 (5.0001 (1.5001 (1,9341 (20,1491 {113.7491 25 000 5.000 s.000 1,500 1,934 18,839 17,843 1,310 125,000 29,094 Tot•1 r•strlrt•d fund• 369 986 361329 97,028 Tot•1 unr••trS¢t•d lunds 131310 354,785 341.754 144,341 Tot•1 fund• 220,681 704.083 241,369
  2. An•ty•l• Ol ch•ng•• In n•t d•bt At I Septernber 20rJ New fina￿e Other non-cash I￿SeS At 31 A￿]USt 2024 Cash flows Cash 66.772 Mortgage falling +ithin l year Mortgage falling dL after I 4,750 (6,3C()) (3,361) (4.911) 243,7C() (243.700) Total 165,25 250,CQO 3,369 81,847 27

19. Related Party Transactions

There were no related party transactions in the current or prior year.

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Thank you

Every act of support and encouragement helps unlock freedom among some of the UK’s most vulnerable women and families. We are so thankful.

We are committed to doing more and better. If you would like to support or partner with Ella’s in any way, we would love to hear from you. Here’s what you can do:

Partner with us

We have a growing community of companies, networks, groups and organisations supporting our mission to help unlock freedom among survivors of trafficking and other forms of violence. Whether you’re a business looking to strengthen your ESG or CSR; a team, group or network wanting to rally around a good cause; or you’re just straight up passionate about combating trafficking and and helping survivors, we would love to work with you.

Philanthropy

We are committed to growing and developing our work with survivors, in terms of both reach and excellence. If you are an individual who shares our passion for empowering survivors to recover and build lives that are safe and free, please consider investing in our work.

Funding

Trusts and foundations play a huge part in making our work possible, currently accounting for around 50 per cent of our income. Please contact us if you could come alongside our work as a trust or foundation.

Individuals

We value every single person who’s part of our community. To find out about donating, fundraising, volunteering and more, visit our website.

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ELLA'S 150 MINORIES LONDON EC3N 1LS INFO@ELLAS.ORG.UK 020 3633 6535 WWW.ELLAS.ORG.UK

Ella's is a company limited by guarantee (company number 12178531) with a registered office address (England and Wales). We are also a charity registered in England and Wales, charity registration number 1187529.