ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022
WALTHAM FOREST MIGRANT ACTION
(Charitable Incorporated Organisation)
CHARITY REGISTRATION No: 1189600
Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS
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WALTHAM FOREST MIGRANT ACTION
(Charitable Incorporated Organisation)
CONTENTS
| Page 3 | Legal & Administrative Information |
|---|---|
| Pages 4 to 5 | Trustees' Report |
| Page 6 | Statement of Financial Activities |
| Page 7 | Balance Sheet |
| Pages 8 to 13 | Notes to the Financial Statements |
| Page 14 | Independent Examiner's Report |
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WALTHAM FOREST MIGRANT ACTION
(Charitable Incorporated Organisation)
LEGAL AND ADMINISTRATIVE INFORMATION
CHARITY NUMBER 1189600 WORKING NAMES Waltham Forest Migrant Action WFMA DATE OF REGISTRATION 21st May 2020 START OF FINANCIAL YEAR 1st April 2021 END OF FINANCIAL YEAR 31st March 2022 TRUSTEES AT 31ST MARCH 2022 Sophie Powell Luke Rooney Creina Lilburne MA Clive Bower Dr Helen Taylor Dr Jean King MBE Norman Minter Inbar Tamari LEGAL STATUS Charitable Incorporated Organisation GOVERNING INSTRUMENT CIO - Association Registered 21st May 2020 as Amended on 17th November 2022.
OBJECTS
1 ) The relief or prevention of poverty and the preservation and protection of health amongst migrants, refugees and asylum seekers and their dependants who reside in the London Borough of Waltham Forest. 2 ) To advance the education and training of migrants, refugees and asylum seekers and their dependants who reside in the London Borough of Waltham Forest and are in need thereof so as to assist them to adapt within a new community.
| CORRESPONDENCE ADDRESS | 41 Millfield Avenue |
|---|---|
| London | |
| E17 5HH | |
| PRIMARY BANKERS | Barclay Bank Plc. |
| 1 Churchill Place | |
| London | |
| E14 5HP | |
| INDEPENDENT EXAMINERS | Castle View Accounting Ltd |
| New Barn | |
| Mudberry Lane | |
| Bosham | |
| Chichester | |
| West Sussex | |
| PO18 8TS |
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WALTHAM FOREST MIGRANT ACTION
(Charitable Incorporated Organisation)
TRUSTEES' REPORT FOR THE YEAR ENDED 31ST MARCH 2022
Aims and Purpose
The aim of Waltham Forest Migrant Action (WFMA) is to champion and campaign for the rights of asylum seekers, refugees and migrants and to provide support for them through running a drop in Support Centre where we provide a place for socialising, together with free professional immigration and welfare advice and casework, as well as helping with form filling, understanding official letters and bills, and signposting to health and education services. In this way we meet the objects of the charity.
Although we mainly serve the population of Waltham Forest, we do not limit our service to this area and, if we have the capacity, will help those who may come from further afield in London.
Governance
WFMA was founded in 2013 and was previously known as Walthamstow Migrant Action Group. It was run as an unincorporated small charity. The name was changed 2 years ago and the constitution revised to strengthen the governance of the group and to become registered with the Charity Commission as a Charitable Incorporated Organisation. We applied for registration and received this in May 2020.
Two trustees (Douglas Saltmarshe and Phil Seddon) resigned at the AGM in September 2021 and were replaced by Luke Rooney and Sophie Powell, elected at the same meeting.
The business of the charity was conducted by the trustees at 6 formal meetings during the year and at the AGM in September 2021.
Membership
We introduced a membership scheme with the revision of our constitution and membership at the end of the year numbered 51.
Volunteers
Although encouraged to become so, not all our volunteers are members. Nevertheless, they form a vital and much appreciated part of our operation. Most help to run our drop in centre, but some also help with events and fund raising and campaigning.
Funding
Our main sources of funds this year has been through grants. For Immigration advice and casework we have received £5,700 from the African Advocacy Foundation, £9,581 from the National Lottery Awards for All scheme and £2,500 from Waltham Forest Council.
We also received £736.57 from Waltham Forest Council towards running expenses.
Finally, we received £5,665 from Trust for London, which is the first tranche of a £35,000 grant over 3 years to fund a part time Support Centre Manager.
All the above are restricted grants and are shown as such in the accounts.
We also received £1,500 from the Leathersellers’ Foundation as an unrestricted grant towards our operation.
Membership fees amounted to £556 and donations were £4,051. We also raised £2,197 through events organised to raise funds.
Reserves
We do not have a formal policy on reserves, but currently aim to maintain sufficient capital to keep the Support Centre operating for 6 months without income.
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WALTHAM FOREST MIGRANT ACTION
(Charitable Incorporated Organisation)
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2022
| Notes INCOMING RESOURCES Incoming Resources from Generated Funds Donations, Grants & Legacies 3a Charitable Activities 3b Activities for Generating Funds 3c TOTAL INCOMING RESOURCES RESOURCES EXPENDED Costs of Generating Funds Cost of Charitable Activities 4a Governance Costs 4b TOTAL RESOURCES EXPENDED NET INCOMING (OUTGOING) RESOURCES Funds Brought Forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted Restricted TOTAL TOTAL Funds Funds 2021/22 2020/21 £ £ £ £ 5,552 24,183 29,734 10,021 2,522 - 2,522 3,327 556 - 556 363 8,629 24,183 32,812 13,711 7,902 18,503 26,406 8,122 575 - 575 - 8,477 18,503 26,981 8,122 152 5,679 5,831 5,589 6,441 4,565 11,006 5,417 6,593 10,244 16,837 11,006 |
|---|---|
Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing.
The notes on pages 8 to 13 form part of these financial statements.
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WALTHAM FOREST MIGRANT ACTION AS AT 31ST MARCH 2022 T•1 31.Mw-Z2 Totsl 314Aarkn31 T*td8 Auoll In¥tm•ts C8bh 4t 8•nk 8nd in HoThJ 7.168 7,1 10.244 10,244 17,412 17.412 11.tK6 11,006 575 575 NET CIMIENT A8IET8 10244 11.008 10344 IV37 11.000 y•ar lynd• gfth• Chwlty 13emral Fw Rutrfct•d FurvJ• 6.441 11x244 Tptsl Fund• 10344 B37 Sd tkbw bthil ty Trwl••.... LIV£ Sow£
WALTHAM FOREST MIGRANT ACTION
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022
1. ACCOUNTING POLICIES
Basis of Preparation & Assessment of Going Concern
Basis of Preparation
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) - (Charities SORP - FRS102) and the Charities Act 2011.
The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes.
Assessment of Going Concern
Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.
Incoming Resources
Recognition of Incoming Resources
These are included in the Statement of Financial Activities (SOFA) when:
▪ the charity becomes entitled to the resources;
▪ the trustees are virtually certain they will receive the resources; and
▪ the monetary value can be measured with sufficient reliability
Incoming Resources with Related Expenditure
Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and related expenditure are reported gross in the SOFA.
Grants and Donations
Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
Tax Reclaims on Donations and Gifts
Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate.
Contractual Income and Performance Related Grants
This is only included in the SOFA once the related goods or services have been delivered.
Gifts in Kind
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable.
Donated Services and Facilities
These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.
Volunteer Help
The value of any voluntary help received is not included in the accounts.
Investment Income
This is included in the accounts when receivable.
Investment Gains and Losses
This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.
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WALTHAM FOREST MIGRANT ACTION
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2022
1. ACCOUNTING POLICIES (continued)
Expenditure and Liabilities
Liability Recognition
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
Governance Costs
Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advice to trustees on governance or constitutional matters.
Grants with Performance Conditions
Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output.
Grants Payable without Performance Conditions
These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity.
Investments
Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees' best estimate of market value.
Unrestricted funds
These funds can be used for the general objectives of the charity as set out in the trustees report. The movements of the unrestricted funds are given in the Statement of Financial Activities.
Restricted funds
These funds are where the donor has specified a purpose for the donation made. These restrictions often arise as a result of appeals for special offerings for specific purposes.
Designated funds
These funds are funds set aside by the trustees out of unrestricted general funds for particular purposes or projects.
Fixed Assets
Fixed Assets are capitalised if they can be used for more than one year and cost at least £1,500. They are valued at cost or, if gifted, at the value to the charity on receipt.
Depreciation Expense
Depreciation is calculated at a rate to write off the cost of tangible fixed assets over their estimated useful lives. The rates applied are as follows:
Fixtures, Fittings and Equipment
25% - Straight Line Basis
2. TANGIBLE FIXED ASSETS
The CIO held no fixed assets during this or the previous financial period.
The annual commitments under non-cancelling operating leases and capital commitments are as follows: 31st March 2022: None
31st March 2021: None
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WALTHAM FOREST MIGRANT ACTION
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2022
3. INCOMING RESOURCES
| a) Donations, Grants & Legacies Gifts & Donations Grants Received b) Charitable Activities Activities & Events Immigration Casework Mutual Aid Group c) Activities for Generating Funds Membership Income 4. RESOURCES EXPENDED a) Cost of Charitable Activities Administrative Expenses Hardship Grants Immigration Casework Immigration Welfare Services Insurance Costs Mutual Aid Group Premises Hire Staff Costs 12 ` b) Governance Costs Independent Examiners Fees 9 |
Unrestricted Restricted TOTAL TOTAL Funds Funds 2021/22 2020/21 £ £ £ £ 4,052 - 4,052 1,761 1,500 24,183 25,683 8,260 5,552 24,183 29,734 10,021 2,197 - 2,197 2,474 325 - 325 650 - - - 203 2,522 - 2,522 3,327 556 - 556 363 556 - 556 363 Unrestricted Restricted TOTAL TOTAL Funds Funds 2021/22 2020/21 £ £ £ £ 1,175 - 1,175 1,259 - 100 100 200 4,459 9,199 13,658 3,499 1,650 4,879 6,529 2,550 155 - 155 99 - - - 199 463 737 1,200 316 - 3,589 3,589 - 7,902 18,503 26,406 8,122 575 - 575 - 575 - 575 - |
|---|---|
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WALTHAM FOREST MIGRANT ACTION
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2022
5. RESTRICTED FUNDS
CURRENT FINANCIAL YEAR
| Awards for All Fund Support Centre Manager Fund Community Award Fund Council Grant Immigration Case Worker Fund Mutual Aid Group Servas Hardship Fund |
Balance Balance 01-Apr-21 Income Expenditure Transfers 31-Mar-22 £ £ £ £ £ - 9,581 4,879 - 4,702 - 5,665 3,589 - 2,076 - 3,237 737 - 2,500 760 - - - 760 3,501 5,700 9,199 - 2 4 - - - 4 300 - 100 - 200 4,565 24,183 18,503 - 10,244 |
|---|---|
PREVIOUS FINANCIAL YEAR
| Council Grant Immigration Caseworker Fund Mutual Aid Group Servas Hardship Fund |
Balance Balance 21-May-20 Income Expenditure Transfers 31-Mar-21 £ £ £ £ £ - 760 - - 760 - 7,000 3,499 - 3,501 - 203 199 - 4 - 500 200 - 300 - 8,463 3,898 - 4,565 |
|---|---|
The restricted funds held are wholly represented by the CIO's cash reserves and are to be expended as specified above.
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WALTHAM FOREST MIGRANT ACTION
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2022
6. INVESTMENTS
The CIO held no fixed assets investments during this or the previous financial period.
7. CASH AT BANK AND IN HAND
| Cash at Bank & in Hand 8. DEBTORS AND PREPAYMENTS Sundry Debtors |
Unrestricted Restricted Total Total Fund Fund 31-Mar-22 31-Mar-21 £ £ £ £ 7,168 10,244 17,412 11,006 7,168 10,244 17,412 11,006 Unrestricted Restricted Total Total Fund Fund 31-Mar-22 31-Mar-21 £ £ £ £ - - - - - - - - |
|---|---|
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Independent Examiners Fees | Unrestricted Restricted Total Total Fund Fund 31-Mar-22 31-Mar-21 £ £ £ £ 575 - 575 - 575 - 575 - |
|---|---|
10. CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR
The CIO held no long term liabilities during this or the previous financial period.
11. NET ASSETS BETWEEN FUNDS
| Fixed Asset Investments Net Current Assets Long Term Liabilities |
Unrestricted Restricted Total Total Funds Funds 31-Mar-22 31-Mar-21 £ £ £ £ - - - - 6,593 10,244 16,837 11,006 - - - - 6,593 10,244 16,837 11,006 |
|---|---|
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WALTHAM FOREST MIGRANT ACTION
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2022
12. STAFF COSTS AND NUMBERS
| TOTAL 2021/22 £ Gross Wages, Salaries & Fees 3,589 Employer's National Insurance Costs - Pension Contributions - 3,589 Employees who were engaged in each of the following activities: TOTAL 2021/22 Charitable Activities 1 |
TOTAL 2020/21 £ - - - - TOTAL 2020/21 Nil |
|---|---|
The Charity operates a PAYE scheme to pay all members of employed staff and no employees received emoluments in excess of £60,000 (2020/21:None).
13. TRUSTEES AND OTHER RELATED PARTIES
No payments were made to trustees or any persons connected with them during this financial period. No material transaction took place between the organisation and a trustee or any person connected with them (2020/21:None).
14. RISK ASSESSMENT
The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.
15. RESERVES POLICY
The Trustees have considered the level of reserves they wish to retain, appropriate to the CIO's needs. This is based on the CIO's size and the level of financial commitments held. The Trustees aim to ensure the CIO will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Trustees will endeavour not to set aside funds unnecessarily.
16. PUBLIC BENEFIT
The CIO acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the CIO has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the CIO should undertake.
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