You My Sister
Trustees' Annual Report and Accounts for the year ended 31 December 2023
You My Sister Report and Financial Statements Contents
| Page | |
|---|---|
| Report of the trustees | 1-4 |
| Reference and administrative details | 5 |
| Independent examiner's report | 6 |
| Receipts and payments account | 7 |
| Statement of assets and liabilities at the end of the year | 8 |
| Notes to the accounts | 9 |
You My Sister
Trustees’ Report for the year ended 31 December 2023
The Trustees present their report together with the receipts and payments accounts of You My Sister for the year ended 31 December 2023. The Trustees confirm that the Annual Report and Accounts of the Charity comply with the current statutory requirements, the requirements of the Charity's governing document and the provisions of the Statement of Recommended Practice (SORP).
Objects and activities
The objects of the charity are the relief of people in need as a result of being harmed by commercial sexual exploitation through practical, financial and mental health support and to provide education for the public benefit as to the harms of the sex trade.
Public benefit
The trustees confirm that they have referred to the recommendations contained in the Charity Commission’s general guidance on public benefit when reviewing You My Sister’s aims and objectives, and in planning activities and setting policies and priorities for the year ahead.
The activities that You My Sister carries out to further its charitable purposes for the public benefit (as described under Achievements and performance below) are guided by the Objects above.
Achievements and performance
This year we built on the work of previous years:
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Continued networking with numerous services & beneficiaries.
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Had a presence and spoke at events across the UK.
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Supported 4 survivors to attend conferences & events.
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Ensured Initial Contact through to tailored Support for at least 30 Women.
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Ran and refined our Sex Trade Recovery Programme.
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Created & Piloted a Domestic Abuse Recovery Programme.
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Created 2 new Peer Support groups.
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Provided bite size pieces of work to 4 beneficiaries.
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Helped Professional development for 2 staff.
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Ran focus groups with survivor experts, on commission from other services.
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Revamped our logo and publicity material.
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Selected by school children for a £3K grant for educational work.
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You My Sister
Trustees’ Report for the year ended 31 December 2023
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Gained over £35,000 in funding.
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And gained further £50,000 for the next 2 years.
Financial review
During the year the Charity received funds totaling £30,779 and made payments of £33,266. The charity held funds on hand of £17,233 at 31 December 2023, comprising £13,318 of restricted funds and £3,915 of unrestricted funds.
Principal funding sources
The charity’s principal source of funds is from grants and donations.
Investment policy
The charity does not currently hold sufficient funds to warrant investment. However, the charity banks with The Co-operative Bank plc, which has a sound ethical banking policy.
Reserves policy
The charity holds a small cash balance and is yet to reach an operational level where it has been possible to consider establishing a financial reserve. The Trustees will continue to monitor the charity’s finances and will establish a reserves policy when funds allow.
Plans for the future
We look forward in our next year to:
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Continue to run and develop high quality support for beneficiaries.
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Continue outreach to find our ‘hard to reach’ beneficiaries.
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Continue to grow relationships with all stakeholders, including other services.
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Secure long-term funding for 2026 onwards.
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You My Sister
Trustees’ Report for the year ended 31 December 2023
Structure, governance and management
Governing document
The organisation is a Charitable Incorporated Organisation, established and registered as a charity on 5 June 2020. The charity is established under a Constitution, which sets out the objects and powers of the trust.
Recruitment and appointment of the Board of Trustees
The Board of trustees are also the members of You My Sister. New Trustees are appointed by meetings of the Trustees/members. The Constitution stipulates that there must be a minimum of three Trustees, with no maximum.
Trustee induction and training
Trustees are experienced in the area of the charity’s work and have been appointed for the specific skills they can bring to the Board. All potential trustees are briefed prior to their election.
Trustees’ responsibilities in relation to the financial statements
Charity law requires the trustees to prepare accounts for each financial period which show a true and fair view of the state of affairs of the charity and of its financial activities for that period. In preparing those accounts, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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make judgements and estimates that are reasonable and prudent;
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observe the methods and principles of the Charities’ SORP, Accounting and Reporting by Charities;
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state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departure disclosed and explained in the financial statements; and
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prepare the accounts on the going concern basis unless it is inappropriate to assume that the charity will continue on that basis.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the accounts comply with the Statement of Recommended Practice. They 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.
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You My Sister
Trustees’ Report for the year ended 31 December 2023
This report was approved by the board of trustees on 25 September 2024 and signed on its behalf.
Dr Laura Jones Trustee
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You My Sister Reference and Administrative Details of the Charity, its Trustees and Advisers For the year ended 31 December 2023
Charity registration number: 1189815 Operational address: Women's Resource Centre 41 North Road London N7 9ER Trustees Tonye Tamuno Appointed 11 May 2024 Michelle Rothwell-McHugh Appointed 10 April 2024 Laura Jones Appointed 21 July 2023 Rebecca Mordan John McCormack Gemma Aitchison Resigned 16 April 2024 Rebecca John Resigned 16 April 2024
Independent Examiner
Frank McDowell FMAAT FJM Accountancy Limited 23 Shackleton Court 2 Maritime Quay London E14 3QF
Bankers
The Co-operative Bank plc P.O. Box 101 1 Balloon Street Manchester M60 4EP
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Independent examinarfs report to the trustees of You My Sister (the CIO) I report to the tTUStees on my examinatw of the accounts of Ihe above charity for the year ended 31 Dember 2023 Re8pon$lbilttlo8 and ba818 of roport As the chanty trustees of the CIO. you are spOnSible for the preparation of the acrnunts in xcordance with the requirements of the Chanbes Act 2011 fthe A¢ri I rewrt in respect of my examination of th& Cl$ *o)unts eamed out under section 145 of the 2011 Act and in carying out my examinats"on. I have fo1ed the applicab18 Th"rectKins given by the Charity Commission under Section 14515}Ib) of the ACL Indep•nd•nt examlnorf8 8tatom•nt I have completed my examination. I wnfimi that no material matters have to my attentson in connectlon wrth the ex8minatson which gives me cause to beIve Ihat in, any material respect.. aCCXsuntlng records not kept in accordance wlih section 130 of the Act., or. the accounts do not acoNd with the aCclnts.ng records I have no concems and have come across no other matteTS in connection with the examination lo whl¢h attention should be drawn in order to enable a proper undarstanding of the accounts to be reached. Frank J McDowell FMAAT FJM Accountancy Limited 23 Shackleton Court 2 Maritime Quay London E14 3QF Date.. 25 SeptsmD8r 2024
You My Sister Receipts and Payments Account For the year ended 31 December 2023
| Notes Receipts Grants and donations 1 Charitable activities Expense refunds Total receipts Payments Research costs Organisational running costs Publicity Freelancers working on course creation, course delivery and student assessments Fundraising costs Total payments Net cash received/(spent) in the year Transfer Opening cash balances at 1 January 2023 Closing cash balances at 31 December 2023 |
2023 2022 Un- Total Un- Total restricted Restricted funds restricted Restricted funds £ £ £ £ £ £ 1,210 27,750 28,960 6,206 18,900 25,106 1,585 - 1,585 - - - - 234 - 234 30 - 30 3,029 27,750 30,779 6,236 18,900 25,136 975 1,235 2,210 49 410 459 35 4,157 4,192 1,462 1,975 3,437 - 1,956 1,956 313 286 599 837 23,687 24,524 5,925 7,573 13,498 184 200 384 154 67 221 2,031 31,235 33,266 7,903 10,311 18,214 998 (3,485) (2,487) (1,667) 8,589 6,922 (19) 19 - - - - 2,936 16,784 19,720 4,603 8,195 12,798 3,915 13,318 17,233 2,936 16,784 19,720 |
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You My Sister Statement of assets and liabilities As at 31 December 2023
| Cash funds Cash at bank Funds at PayPal Liabilities Accrued accountancy fees Accrued bookkeeping fees |
2023 2022 £ £ 16,744 19,720 489 - 17,233 19,720 300 300 150 - 450 300 |
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Signed on behalf of the Trustees on 25 September 2024.
Dr Laura Jones Trustee
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You My Sister Notes to the Accounts For the year ended 31 December 2023
1 Restricted funds
| Year ended 31 December 2023 The Allen Lane Foundation National Lottery Awards for All England Magic Little Grants The Women's Support Project National Lottery Awards for All Scotland Robertson Trust City Bridge Trust Year ended 31 December 2022 The Allen Lane Foundation Eleanor Rathbone Charitable Trust National Lottery Awards for All England Magic Little Grants The Women's Support Project National Lottery Awards for All Scotland |
At At 1 Jan Receipts Payments Transfer 31 Dec £ £ £ £ £ 6,000 - (6,000) - - - 10,000 (5,021) - 4,979 - 500 (500) - - 884 - (903) 19 - 9,900 - (9,900) - - - 11,000 (5,303) - 5,697 - 6,250 (3,608) - 2,642 |
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| 16,784 27,750 (31,235) 19 13,318 |
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| - 6,000 - - 6,000 1,067 - (1,067) - - 7,128 20 (7,148) - - - 500 (500) - - - 2,500 (1,616) - 884 - 9,900 - - 9,900 |
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| 8,195 18,920 (10,331) - 16,784 |
The Allen Lane Foundation
To support our services in Scotland.
Eleanor Rathbone Charitable Trust
To support our networking with services and our 'hard to reach' beneficiaries.
National Lottery Awards for All England
To contribute to core costs
Magic Little Grants
For training.
The Women's Support Project
Commissioning to carry out research with beneficiaries.
National Lottery Awards for All Scotland
For service provision in Scotland.
Robertson Trust
Core funding for our work in Scotland.
City Bridge Trust
For service provision in London.
2 Transactions with related parties
During the year, the charity made payments to the Director on a freelance basis of £18,000 (2022: £6,500).
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