## 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: - Continued networking with numerous services & beneficiaries. - Had a presence and spoke at events across the UK. - Supported 4 survivors to attend conferences & events. - Ensured Initial Contact through to tailored Support for at least 30 Women. - Ran and refined our Sex Trade Recovery Programme. - Created & Piloted a Domestic Abuse Recovery Programme. - Created 2 new Peer Support groups. - Provided bite size pieces of work to 4 beneficiaries. - Helped Professional development for 2 staff. - Ran focus groups with survivor experts, on commission from other services. - Revamped our logo and publicity material. - Selected by school children for a £3K grant for educational work. 1 You My Sister Trustees’ Report for the year ended 31 December 2023 - Gained over £35,000 in funding. - 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: - Continue to run and develop high quality support for beneficiaries. - Continue outreach to find our ‘hard to reach’ beneficiaries. - Continue to grow relationships with all stakeholders, including other services. - Secure long-term funding for 2026 onwards. 2 ## 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: - select suitable accounting policies and then apply them consistently; - make judgements and estimates that are reasonable and prudent; - observe the methods and principles of the Charities’ SORP, Accounting and Reporting by Charities; - 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 - 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. 3 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 4 ## **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 5 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 De￿mber 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 fo1￿￿ed 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 beI￿ve 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 aCc￿lnts.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| |---|---| 7 ## **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| |---|---| Signed on behalf of the Trustees on 25 September 2024. Dr Laura Jones **Trustee** 8 ## **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| |---|---| ||16,784
27,750
(31,235)
19
13,318| ||-
6,000
-
-
6,000
1,067
-
(1,067)
-
-
7,128
20
(7,148)
-
-
-
500
(500)
-
-
-
2,500
(1,616)
-
884
-
9,900
-
-
9,900| ||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). 9