Charity vegistratlon number 1194002 Conyny rtyistr•lion number 08646628 (England •nd Walesl NEW EUROPEANS ASSOCIATION LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ¢￿￿8KX• 30111r2024 COMPANIES HOUSE A15 #103 NEW EUROPEANS ASSOCIATION LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trust• Dr Reuven Ziegler JawLreline Minor Dr Roxana Barbulesc Eileen cha￿H￿ ichaelArapis Michal Siewniak Maria Maccalli Robert Sha￿0d[ Mi¢haeia Benson Charlty number 1194002 Comp•ny number 08646628 Registered office The Davenant Centre 17￿181 Whitethapel Road London E1 1DN Independent examiner Tom Wlcox Counterculture Partnerslw LLP Bank Chambers Main Streel Hawes North yO￿shiTe DL8 30L NEW EUROPEANS ASSOCIATION LIMITED CONTENTS P•ge Trv5tees' report Statement of twstees. responsits.lities IndependÈnt èxaminerfs report Stalement ol rmanc1￿ aciivities Balance sheel 10 Notes to thè financxal ￿eMentS NEW EUROPEANS ASSOCIATION LIMITED TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their annual repr￿1 and financial statements for the year eThJed 31 IAarch 2024. The financial statements have been in ac4>yd8n¢e with ￿ a¢counting policies set out in note 1 to the financi81 statemènts and comply th the charitys Memorandvm and Artides of A5socAalion. the Companie5 Act 2006 and 'Accounting and ReportJ"ng by Charits"es'. Ststemenl of Recommended PraCt￿e applicable lo charib.es preparing their accounts in a(Lordance with the Finanaal Reporting Standard appl￿ble in the UK and Republic of Ireland IFRS 1021" leffects.ve 1 January 20191. Objectives and activities The objects of the Association are. forth• pulfft benefit {al To relieve the needs of EU and EEA eAtoens wdent in the UK and UK uli2ens resident in EU and EEAwho are in need, by reason of age, ill he3th. dIsa￿ty. ffinancial hafdship. h(xnele55ness. being mctlms15u￿iVorS of domestic wolence, or being victims of human irafficking, by thè pro￿￿On ol a¢h"ce and c￿l￿se1. èducAtion. information and support on lawfvlly relairmng or obtsining the ￿t lo rewde and work in the UK andlor in the EU and EEA. b) To adV￿ce educalion in ways Ihat Serve to develop the ￿pa￿ty and skn115 of EU and EEA otoens residenl in Ihe UK to particapale in rts owc and democrati¢ bfe. Ic} To a(fvance thÈ education of the public. specaalist organisations and persons subject lo UK immigration control and their dependan15 Ln order to worrw)te assistance and to SUPF*Jrt ihe indusiw of migiants. refugees and asylum seekers bnlo the wider ccrfnrnunrty. A$ a charSty. we seeks to acNeve our ¢h•rltsblg obA•cll¥•s I1￿￿ In th• TARI= - by helping EU citizerts ar￿55 thwr rights and tTainirrfJ communty organisalions to do the same (service delivery) - by ￿$tar￿1n9 and promot#ig resè*1 around issues thai impad on rights and Tewesentatk)n of EU otizens and Britons in the EU (Schola￿ network) - by ¢ampaigniny for the rights and rewe5entsb"w of EV ryiizens Briton5 in Ihe EU, and Iwilthng consensus around the need for change ladvocacyl NEUK has advanced all ts obJ"ecti¥es in the fepjiting year. son￿ of the highlights.. NEUK has continued apace with promsion of adthce and counsel in London and L*￿ster, as well as inforniation and support for EU crtizens requiring we-settled or sdded status. To that end. it has led Ihe work of the EUSS 'al￿an￿, of civil society organisal¢'ons a(yoss thè sedor. li has also èngaged in ¢apa¢ity building, ènabling partitipath)n in the UK'S and demotrxatrt lrfe. NEUICS 'resource hub. offers guides in mLth'k4e EU languages infonning EU citizens of their rights under the EUSS and on how to effects.￿￿Y exercise Iheir voting rights. NEUK strengihened the collaboration between it$ staff mefflbets and its board of trustees by holding a wel attended 'away dal on 30 Oclober 2023. We alsg ¢elebrated 10 th annr¥ersary al an uplifting event hèld at the House of Lords on the same day, recogni5ing the achievements tctrdate and exploring ftrturè trajecte￿es. NEUK. as the secretarial of the Al￿pa￿lamentary-PaIty-Gr0up ￿ ctyzens. rights. kept the pb'ght of Britons abroad and of EU atizens in the UK on the polib¢al agenda. Regarding 8rilons abroad. it has put fon¥ard the Case for overseas constituencies. leaming up lo Ihal effect with Unlock Democracy. and initiated an Eaty Day Mob"on. submitted in Ihe premous Parfiamenl {duwing tIE fèporting period) by Christine Jardine MP. Regarding EU cilitens. il has brthjght to parfiament repre$entati¥es of EU ¢ommunitses. as wdl as teamed up wrth the Migrant Democ¥acy Prq"ect lo athance ￿￿1t￿l indusion. NEW EUROPEANS ASSOCIATION LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Practically."- 1. Support-14ew Eumpeans continued In 2023 to offer $¥pport •nd advice to vulnernble EU Citizens. The organisation engaged 10.766 mdividuals viti ￿forMa￿.0￿ and s￿pOrt through the website. Helped 1031 vulnerable EU aiizens diredty wrth acquiring stalus and general Informati￿ and svpported 276 5ubmitb.ng applications of whth 200 were newAaie applications which meant that many cases were complex and required MO￿ time. Ldeestèr In Ihis year we have developed seryices in Le￿ester as We￿ as London. LebrE5ter is home to the second largest population of EU atizens in England. The most recent IXnSUS results showed that nearty ￿ of ihe population of Leicester were EU pas$port holders from ethnic minoribes. The caiegory is a huhty mixed one. It indudes Portuguese. Italian and t)ther EU ¢rtizens of Soulh Asian heritage, EU rylrLens olAfrican heritage from a range ol countries. as well as Roma and Latin Amtricans. We already have established Inks with the Rijma community. one of OUT advisers, the first Roma qvaified solhitor in England and over the year have developed links ￿th other groups, notsbly EU cityzens of Somali (rigin. Working with the law film Seraphus we established an OISC training course for 6 vobjnteers and staff WOTkn'ng in community groups. Lond<)n In London we CA)ntinued to work with a range of grwps. indudiny obJer Iiali8ns. and EU tsb.zens of Albanian, Somali and Lalin American origins. Communlty Capaclty 8uildlng In both location5 we were intenl on building the capacty of community groups with vthom we work. Through our partnerships, 100 Staff and ￿lunteerS from community groups and organisations have benefitted from capacaty- building SUPPOrt from New Europeans UK to Trrnprove the support they offèr communities on the EU Settbement Scheme., to strengthen thwi voice and platlorm to shape discussign$ on EU wnmunrbes living in the UK post- Brexit. As a ¥esult of working VAth NEUK 80% of commtsnty partners are better wrf¢Yrned atr￿j1 Ihe EU Settl￿ent Scheme IEUSSI an¢J rights from the immigration ststu$. 7S+h were awe Its offer better SLW4)ty1 and ath.sè vulnerable EU citizens and their fam￿￿es, and are more aware of sour¢es of supportladM¢e to W9np￿ thwr own ¢ase& By the end of 2023, 455 people engaged with our partners on the EUSS", 65 were supported to make an applKation: 50 were referred to NEUK., 200 were offered support after they had appl*d for a statu$. 2. Influen￿-W* wod(•d wlth London's Allgrdnt and Refugee Advisory PaneL We are mernber5 of the Kligrant Refugee and A5￿￿rn Seekers panel, convened by Ihe GLA, which The panel met three ljmes in 23r24 to share information aboul policy and wactice auoss London focusing on refugees, migrants and aS￿uM seekefs. We raised issues affecb'ng over 1 EU citoens Londonèrs. Late applications Applicants needtng to provide ccmnpelling reason5 for late apptication$. wrfh the Horm Office rejecting them as invalid. the applicant was no bonger able to thaNenge this dec¥sk)n. People en9aged ￿th the applica1K￿ process before but failing due lo 818c* of IT skdls, Engh"sh profioiency. lx not vnderstanding of the Home Offi¢e'$ 9uKlance. The increasing number of young adults who grew up in the UK bjt who never applied for the Scheme were unable to pursue highef education or employThent. NEW EUROPEANS ASSOCIATION LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 3. Hom• Offic• Saf•gu•rding Uwr& Group. AS lounding members of the SUG we continuèd to attend thè 4 meetings hekj in 23124. We raised issues and contributed to Ihe voKe of Ihe secaor raising c￿cernS With the Home Office on rt5 p￿iCY and implementation of the EU Settlernent Scheme. This ongoing dialogue has produced Small wins for the sector and tlw)se under the Scheme wth p05ib.ve changes made to Home Offi¢e late application guidance in January 2024. We also raised concerns with other advice groups ab(yJt the automatic extens￿￿n$ proposed by the Hryne Office. which whi15t welojme, may not be helpful for those whose data is not automaticalty shared. e.g. pensioners. non- Wo￿tng parents and thosè with disthlibes. We were also able to raise issues &f¢dly wrth the unit responyble behalf of vulnerable citriens. 4. We ¢ontlnue to ¢¢)ovdiDate the EUSS Civil SocietyAlliance. The Aliance is made up of over 100 organisakns aLYOSS the UK focus on the EU Settlement Scheme. EU citizens, rights and support to EU commurmlies living in the UK. The onty one of its kwid in the UK currently. Whilst developing a cornmunity of expe￿"Se, we have been Working to position Ihe Alliance as a key slakeholdeT in thè work to proiecl EU atizens. rights in the UK post-Brexrt. We do this through galhering and sharing ewdence, trends and case materials on emerging and systemic issues for those under the EU Sethment Stheme, and the 51ale of the seclor. We have also established key communication thannels wth the Home Office, the Independent Monrtaring Authority. the Foreign Commonweatth Development Office. the EU Delegation and the EU CommissKin, as well as other institutions and organis3ty.ons working in this field. S. EU Delegation Citizens Rights Team. We attend the Monrtoring Committee meelings orgaw¥sed by Ihe EU Delegalion citr1er￿ Rights team. These rreets.ngs bring together all 26 EU Embassies, wth Ddegab'on staff, UK government repre5eniats'ves. Ihe IMA, and advice agenries. The meet'ngs focjjs ￿ the general and speufic issues affecling EU ottzens urtdei the EU Settlement Scheme. We also attended the Citr£ens Gathering which prowded opporbjnrties to establish contact with range of official actors. Home Office, FCDO, European Economic and Soaal Commrttet. as well as other European atizens. community and ￿MuTal groups. Lydia M*b"n. NE'S Dewty Head of Project5 was an opening speaker at the EU Citizens gathering hek1 in De￿mber 2023. 6. Other aetiviti•s. We have developed stronger links with the nevAy fo￿e￿ IMA where a number of NE staff I0￿ed the ￿llia1 EU rAtizen advisory board and we have been successfijl in raising issues fN the IMA to investigate. The Euvole: community at the heart of pth'opation project was delivered from September 2023 to FebnJary 2024 th the support ofthe Go*er London Auth￿ty. We delivered this pr(yect in partnership with 3 community group5 Wrth whom we have been working for the last year5 SUPPOrting them in aswsting vulneralAe EU ribzens and thirdlty of o)verng cost of admini8traty.on and fundraising. stru¢ture* governan¢e and management New European is a private company ￿mited by guwantee 12 August 2013 and a chanty registered in April 2021. tharitable company is govemed under rts A￿cleS of Association. In the event of the company being wound up every member ofthe charity undertskes lo contritxjle such an amount a$ may be required {nol exceeding £101. The compan￿$ dwectors are also charity twstees for the pur[￿e5 of thanty LTW. NEW EUROPEANS ASSOCIATION LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The trustees. who are also the i*redoTS for the purpose ol c¥)mpany law. and T*Jho 5eNed durin9 the year and up lo the date of signalure of the fmancial statements were". Dr Reuven Ziegler Jacqueline Minor Dr Roxana Barbulescu Eileen Chan•Hu Michael Arapis Michal Siewr#ak Maria Maccalli Robert Shacklod( Michaela Benson Recwfttment and appointmènt of tmst&8s New European's trustees comprise 9 individuals at wesenl. They are eleded by members at the AGM,. they serve lof three years and can stand for T￿ectIOn. One third of the btwd is requir￿ to stand down every 3 years. which those who have seNed the longest first. Twstees can also be co wted on th8 recommendation of the thair lo I￿"n9 expe￿"Se and relevarrt experience onto the board. The oryanisation seeks lo establish a maI￿lty of truslees ￿1h INed experience, i.È. who arè European Cat￿enS. in practice 50fjA of trusteès a￿ women. Trustees are indLKled by the chay. The board meets every 2 months and in addition holds an AGM. Oi Reu¥en Ziegter . 27 November 2024 NEW EUROPEANS ASSOCIATION LIMITED STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 Thè tmsleès. who are Ihe directots of New Eurclpeans Associati'on Limrted for the purpose of company law. are responsible for weparing the Trustees, Report and the financial statèments in atthrdancè wrth applica)lÈ law and United Kingdom Acc£Junting Slandards {Uniled Kingdom Gene￿lY A¢xepted Ac(x)unting Pra¢*"ce). Company Law rewires the trustees to prepare finanL?al stslemen15 for eath financial yearwhith give a true and fair view of the slate of affairs of the tharity and of the incoming resour￿5 and appliration of re50urce5. Including the income and expenditure. of the charitable company for that year. In preparing these financial ststements. the trustees ¥e requwed to.. - select suitable accounting polities and then Ihem (zJnsistenUy: - obseNe the methods and prinorAes in the Charilies SORP: - rnakejudgernents and estimates that are reasonat4e and pwdenL" - prepare the financial slatements on the going CLmcem basis unless rt is inarvopnate to PreSun￿ that the charity will continue in operatw)n. The trustees are responsible foi keeping adequate aC￿unI1ng records thal disdose with reasonable acojracy al any time Ihe finanual posth'on of the charity and enable them to ensure that the financial slatemenis comply vnth the Companies Act 2006. ThÈy 3rÈ also responsiblè ftsr safeguarding the assets of the tharrty and hence for taking rèasonable steps for the prevention and dele(*"on of fraud and other iThegulanties. The trustees are responsible for the maintenance and integrity of the charity and finanual information induded on the chaFJty5 webslte. Legisjatron in the Unrted KJ"ngdom goveming the preparation and ithssemination of financial ststements rnay differ frivn legislatKn in otherjunsdictions. NEW EUROPEANS ASSOCIATION LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NEW EUROPEANS ASSOCIATION LIMITED I report lo the InJstee$ on my examinalion of the financial statements of New Europeans AssorAatson Liwited Ilhe thantyl for th• year ended 31 March 2024. Re$pon$ibilitie• *nd b•$i$ of report As the trustèès of the charity land a150 rt5 directors for the purpose5 of oynpany taw) you are responsible for the prepaolion of the finanual slalemenis in accordance with the requirements of the Companies Acl 20C6 Ilhe 2006 Acl). Having salisfied myself that the f￿anr￿al ststern￿1S of the charty are not req￿red to be audited under Part 16 01 the 2¢X16 Act and are elgible for indèpendènt examination. I rÈpM in rèspèd of my examination of the charrty'5 nancial statements carried out under sertion 145 of the Charities AGt 2011 (the 2011 Act). In carying oul my examination I have followed the aF4icat4e Ch"re¢ll￿$ given by the Charity Commissh)n under sec*ion 14515llbl of the 2011 Act. Independ•nt èxamlnèrfs statèmènt I have completed my examinath￿. I confimi that no mattets havè &ime to my attents.on in c4Jnne(*ion with the examinalion giving me cause to believe that in any material respe(I". accounting reryjrds were not kept in re$F*d of the chanty as required by 5e(Xion 366 of the 2((16 Acl", or the fin8ncial Slatements do not accord with those records. or the financial statements do not ￿rnpty wth thè atrxjunting rèquirèments of seth'on 3￿ of the 20CIS Act other than any requirement that the accounts give a true and faw view whith is not a matter c￿nSIdered as part of an independent èxamination". or the finanaal statements have not been sKepared in attordance with the melhods and principles of the Statement of Recommended Praai¢£ for accounting and repo￿.n9 by Charl￿e5 applicable lo charities preparing their accounts in accordan￿ with the Finanual Repo￿.ng Standard ap￿1{￿ble ￿ the UK anj Republic of Ireland IFRS 1021. I have no concems and have come no other malters in Connect￿ wth the examination to whieh attention should be dfawn in thts reFth in order to enab* a proper understsnding of the finantyal slalements to be rea¢hed. Tom Wilcox Counterculture Partnership LLP Bank Chambers Main Street Hawes North Yorkshire DL8 3QL 28 N￿ernber 2024 NEW EUROPEANS ASSOCIATION LIMITED STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestiicted Restricted funds fund$ 2014 2024 Totsl Umrntii¢t¢d Restrkted funds fvnds 2023 2023 Total 2024 2023 In¢ome from: Oonations and legaaes 3.849 232.707 236,556 25,(MJO 157.186 182.186 Totsl income 3.849 232.707 236.556 25.000 157,186 182.186 Expenditure on: Charitable activrt*s 1.273 214.234 215.507 33.877 109.883 143.760 Total expendllure 1.273 214.234 215.507 33.877 109.883 143.760 Mèt Incomè 2,576 18,473 21,049 18.877) 47.303 38.426 Transfers betsveen funds 1295) N¢t m0￿Ment in funds 2,576 18.473 21.049 19.172} 47,598 38,426 Re¢onclliation of lunds- Fund balances at 1 April 2023 914 47.598 48.512 10,086 10,086 Fund balances It 31 Ilar¢h 2024 3.490 86.071 69.SS1 914 47,598 48,512 The StsIe￿nI of financial actiwties includes all 9ains and Ios5e5 Teco3ni5ed in year. All irwrne and expertdilwe derive frorn Gonlinuing actiMty"es. NEW EUROPEANS ASSOCIATION LIMITED BALANCE SHEET AS A T 31 MARCH 2024 2024 2023 Fixed assèts Tangible assets 10 1,260 Cumnt ass•ts Deblors Cash al bank and in hand 11 12,870 94,770 7,836 49,376 107.640 57,212 Credltors: amounts laling withln one year 13 (39.3391 (8.7CQ) Net current assets 68.301 48,512 Totsl assets less current liabililies 69.561 48,512 Net assets excluding pension liability 69,561 48,512 The funds of the chartty Restricted income funds Unrestricted fvnds &8.071 3,4S￿l 47.598 914 69.S61 48.512 Thè Company is eniiUeLI Its Ihe exèmptirn from Ihe autht r￿1rernenI contsi￿ in 5ecty.on 477 of the Cornpanies Act 20[￿, for the year ended 31 March 2024. The dI￿￿or￿ aCknO￿ed9e Iheir r¢sponsbilib"es for complyin9 Wrth Ihe requirements of the Companies Act 2006 wilh respect to a¢r￿u￿￿9 re￿[￿$ and the preparatw ol finwal ststeffents. The members have nol required thè company lo obtsin an audit of rt5 fina￿181 stalements for the year in quesb.on in a￿Or￿anCe with section 476. These financaal 5taternents have been prepared in acc￿dance wilh the wovisions applicable to Comp￿leS 5ubjecl lo the small companies regime. The thanual stalem¥ts approve11 by Ihe trustees on .. . Dr Reuven ￿t9[el Cornpany registralmjn nwnl%r 08646628 {Erylar¥J ￿ W*si 10- NEW EUROPEANS ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policl•s Charity infomi*tion New Europeans As$oaation Limited is a private company limiied by guarantee In￿rpOrated in EnglarKI an Wales. The registered office is The Da¥enant Centre, I7￿181 ￿rt￿Cha￿l Road. London, E1 1 DN. 1.1 Accounting ¢on¥*n￿on The finanaal statements have been prepared in accordance wtth the thariils Memciandum and Articlps of Associalion. the Companies Ad 20(6. FRS 102 "The Frnanoal Rep0￿"rtg Standard applicable in the UK and Republic of Ireland. I"FRS 102.1 and the Charities SORP-Attounth'ng and Reptsrting by Charrbe5.' St*ement of Recommended Practice appI￿Al￿e lo ¢*arib"e5 preparing their accounts in accordance with the FinanrAal Reporting Slandard applicaNè in the UK and RèputAic of Ireland (FRS 102)" leffe¢tive 1 January 20191. The charity is a PutrAic Benefrt Entity as defined by FRS 102. The tharity has 13ken advantage of the prowsions in the SORP for t*arities not to prepare a Statanent of Cash Flows. The [￿anCIal statements are pwred in sterling. whith is the knctional CUT￿ of the tharity. mo￿tary amoun15 in thesè finanoal slalements are rounded to the nearest £. The financial statements have ￿ert prepared under the historica c*)st eonbwtion. The prinripal &counling poliaes adopted are sel oul below. 1.2 Golng ¢on¢em At the timÈ of appromng thè financial statÈmtnts. thè trustèès have a rèasonablè t￿r￿tatIOn ihat the tharty has adequale re50urce5 to conts.nue in operab.onal e￿StenCe for the foreseeabbp future. Thus the trustee5 continue to adcpt the going wncem ba￿5 of accounting in pfeparing the ffinanci81 stsiemenls. 1.3 Charitablo fvnds Uniestricted fijnds are available for LTrSe at the di5(xet*Jn of the tluslees in furtherance of their charilable 'ecti¥es. Restricted funds are subject to sperifrc cr)nd￿"On5 by (lonors or 9ranlors a5 to how they may be used. The WryK)ses and uses ofthe restricted funds are set out in the noles to the financial statements. Endowment funds a￿ sutpd to skwfi¢ ¢on¢itions by doncrfs thal the ￿￿101 must be malntsined by the chanty. 1A Income Income is recc4Jnised vthen the charty is legally entitled to it after any perfomiance cond￿D￿S have been met, the amounts can be measured T￿1a￿. and it i8 wobable that income wll be re￿1ved. Cash donalions are recognised on receipl. Other donations are ￿cogniSed On￿ the chanty has been notified of the donation. unless perforniance condrth)ns require deferral of the amount. Income ta¥ recoverable in relalion to don*'ons recaved under GiftAtd or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or othe￿iSe rf the chaiity has been nolifie(l of an ilryending th5trtsJtion, the amount is known, and rec*ipt is expected. Ir the amount is not known. the legacy is treated a5 a nts'ngent asseL 11 NEW EUROPEANS ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 A¢countmg policies (Continuèd) 1.5 Expenditure Expendrture is recc*Jnised On￿ there 15 a legal or constructive obligation to transfer economic benefft to a third party. rt 15 probalAe thal a transfer of economic benefft$ will be requwed in settlernenL and the amount of the obligation Can be measured reliably. Expenditure is classified by actsvity. The costs of eath athity a￿ made LW of tr* lotsl of th.r￿t costs and shared cosls, induding support costs invofved in undertakj.ng eath acfiwty. Direct CX)Sts attributawe lo a single activity are allocated direcuy to that actmty. Shared cosls whth contsibute to more than one actwity and support costs which are not attribUt3￿e to a single aclivty are apporb.oned be￿en Ihose athl￿$ on a basis consistent with the use of rÈsourtes. Central staff costs are allocated on the bays of b.rne spent, and depfeciation charges are alo¢aled the porffj.on ofihe assel's use. 1.6 Tanglble fix•d assets Tangible fixed assets a￿ Init￿NY measured at COSI and subsequentty measured at cost or va*Jation. net of depreciation and any impairment knsses. Depreciation is recogni5ed so a5 to off the cost or va￿allOn of assets less their re￿dUal values over the usefvl ￿VeS on the fdlowing base Compulw equipment 25% ￿ Stra￿h1 line bags Thè gain or loss arising on the th"sposal of an asset is deteThn￿ed as Ihe drfleffjn¢e bÈlweÈn the sale proceed5 d the (arr￿n9 value of the asset. and is Tecognised in the st8iemenl olfinwcial adivrties. 1.7 Impairnienl of fixed assets At each reporb'ng end date. the charity remews the carying amounts of Tis tsnglb￿ assets to detemiine whether there is any indicalion that Ihose assets have SUffe￿d an impairnent loss. If any such indrati exists, the rec4Jverat4e amwnl of the asset is estThated in order to detwmine the extenl of the impairment loss lrfany). l.B Cash and cash equivalents Cash and cash equivalents indude Cash in hand. deposrts held al call with banks. other short-temi liquid investmenls wrth Ofiginal maturities of three months or le55. and bank overdrafts. Bank overdrafts are $hown wrthin borrowings in ¢urrent h"abditses. 1.9 F•nancial instruments The charity has ele¢ted to app￿ th• provisions of sec*K￿ 11 'Ba5i¢ Fi)an¢i•l Instruments, and Section 12 'Othef Financial Instruments Issues. of FRS 102 to al of its finanual inslruments. Financial instrwnts are recognised in the (*all￿S balance sheet when the tharity becomes paty to the contradual proMs*)ns of the instrument. Finanryal assèts and liabilities arè offset. vAth the net amounls presented in the ffinanual statements, when there is a legally ènforeèat4e nght to sèt off the iecognised arnounts and there is an intention lo settle on a nÈt basis or to re81.se the assd and setlle the liablty simuiraneousty. Bask Ilnaneial assets Basic financial assets. whith indude debtors and cash and bank balances. are inilKally measured Iransaction price induding transa¢aion costs and are subsequently carried at amortised cost using thè effective inlerest method unless the arrangement consts"tutes a finanang transacts"on. vthere the transaction is MeaSu￿d at the present value of Ihe future receipts disc(MJnted at a matket rate ol interest. Financial assets classified as receivable wrthin one year are nol amortised. 12- NEW EUROPEANS ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Aecounting policies Iconlinuedl Basie financial Imbilieies Basic financial liabilities. induding ueditors and bank k)ans a￿ in￿"81￿ re¢owised * Iransa¢tion pri￿ unbpss the arrangement constitutes a finanung transaction. where Ihe debt instrument is measured al thè present value of the future payments discounted at a Mark￿ rate of interesi. Finanual liabilit￿5 dassffièd as payable vrithin one year a￿ not amortised. Debt instruments are sthsequentty ¢8med al aM0￿"sed cost. Using the effe(*ive intwe51 rale method. Trade ¢reditors are oblig8b.ons to pay ts g¢)ods or services that have been acquwed in the ordinary course of opeTation3 frorn suppliers. Arnoun15 payable are dassified as wrrent liabilthes if payment is due within one year or less. 11 not. they are presented as norFcxJr￿nI liabilities. Trade creditors are recognised initially al transaction price and subsequentty measured at amNti$8d ¢ost using the effective interest method. Derneognltlon of flnanelal Ilablll& Financial liabilities are deTecognised ¥then the (*arity'$ c(th¢tual ot4igatiot)$ expwe or are dischar9efl or cancelled. 1.10 Taxatlon The chairty is exempt frcrfn co￿oration tax on its charit* ad1vil￿. 1.11 Employee benefits The cost of any unused hcAiday entitlemenl is rwniseil in the period in whth the èmployee's se￿￿ are received. Temiination beneffts are recognised immedkatdy as an expense when the charty is demonstrably committed to temiinate the employment of an ¢m￿oYee Of lo pro¥ryde termin*ion benefits. 1.12 Retirement benefits Payments to defined Contributi￿ retirement benefft s¢hemes are charged a$ an expense as they fall due. Ciilic•l a¢tountlng èstlmates and judg•M￿ts In the applicatson olthe tharty's a￿UnD"ng policie5. the trustees are required to make judgements. estimates and assumptions about the carrying amount of assets and lia￿litieS that are not readily apparent (rom other sources. The estimates and assouated assumptions are based on historical eXperieTr￿ and other factcfs that are considered to be relevarrt. Actual resutts may drfer these eslim*&s. The estimates and undertyin9 assumptions are r&￿tW￿d M an ongoing basis. Revisions to accountsng ests"mate5 are recognised in the peri￿j in whith the eslimate is revised where Ihe revision affeds (mly that period. or in the period of the revisiffi and fulure periods wthere the rew5iM 8ffecls both ¢urrw)l and hjture periods. Inctxnè from donations and l•gaeies u￿reStrICted Restrl¢t•d lunds lund$ 2024 2024 Totsl Unrnstrlct￿ Re$trlct•d funds funds 2023 2023 Totsl 2024 2023 Donations and gifts Grants 3.849 3.849 232,707 89 157,097 5,089 177,097 232.707 20,WO 3,849 232.707 236.556 25,000 157,186 182.186 13- NEW EUROPEANS ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 con* from donations l•gaci•s IConllnu•d) T•)tsl Unr•strlct•d R•stiictsd funds funds 2023 2023 Tolal funds 2024 d$ 2024 2024 2023 Grnnts receivable for core ac¢lvftl AB Charitable Trust Paul Harnlyn Foundation City Bridge Foundation Trust for London JTI Southwwk Law Centre Mi¢rogwls GLA 20.Crt)O 20,C( 45.C 49,SOO 35,775 60,CQO 53.440 8.992 25,(Krf) 49.$00 35,775 60.WO 45,1)JO 40,979 37,$00 33,618 40.979 37.500 33,618 25,C(Kl 232.707 232,707 20,000 157.097 177,097 Expenditure on ch•ritsble •ctivilie Total 2024 Total 2023 D•rect ¢￿ts Staff costs Direct programme costs 165.224 20.927 109,397 24.9 1B6,151 134.393 Sharè of support and gov•man¢e Costs notè S) Support Govemance 21.268 8,088 8.194 1.173 215,507 143.760 Analysls by fund Unresiricted funds Resiricied fijnds 1,273 214,234 33,877 109.883 215.507 143,760 14- NEW EUROPEANS ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2024 Support costs allocated to activit￿% 2024 2023 Deprecia￿'Dn Finance costs AdminislralNe costs Premises costs IT costs Advertising costs Printing postagè stationery Travel and subsistence GovemarKe costs 365 55 4,871 404 165 3,588 1,122 2,915 3.096 2,070 5,146 4,881 8.088 1,173 29.356 9.367 Analysed betwe•n: Total 29.356 9,367 Net movernent in fund$ 2024 2023 The ftet movement in funds is s&7ted after thargingl{crediting).' DeprerAation of owned tangitle fixed assets 365 Trustees None of the tTUStees lor any connected ¥rith them) received any remunw*Tron beneffts from the charity during the year. Employe The average monthly number of emF4oyees during the year was: 2024 Numb•r 3023 Numb•r Employm￿t ¢osts 2024 2023 Wage5 and salaries Social security ￿$1$ Other pensi)n costs 151,398 11.664 2,162 105.482 2,396 1,519 165.224 109.397 Thwe were no employees whose annual rwnuneralion was mcffe than £60,LI￿. 15- NEW EUROPEANS ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Taxatlo The charity is exempt from taxalion C￿ its athl1￿ bewse all ils in￿rne is applied for charilable puiposes. 10 Tangible fix￿ assets equlpmert Cost At 1 Aprl 2023 Additions .1,619 1,625 At 31 Marth 2024 3,244 Depreciation and [m￿lM￿nI Al f April 2023 Depreciation charged in ihe ye* 1,619 365 Al 31 Mwth 2024 Carrying amount At 31 March 2024 1,260 11 Debto 2024 2023 Amounts falling due within on• year. Other debtors 12.870 7.8 11 Loan¥ and ovenlrnfts 2024 2023 Bank overdrafts Payablè within one year 16- NEW EUROPEANS ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 13 Credltors: amourts falllng wilhin one year 2024 2023 Notes Bank overdrafts Corpo￿10￿ tax payak4e Other taxats'on a)d so¢ial Se￿Ilty Government grants Other tredilor5 Accruals and deferred income 12 276 1625) 5,666 32,SthJ 14 7.873 1,173 1.173 39.339 8,700 14 Governmont gTrnts Deferred income is induded in the fina￿al statements as follows". 2024 2023 Del￿ed income is included within.. CuThent lsabilrties 32,500 Movement5 tn the year. Deferred Income at 1 April 2023 Resources deferred in the year 32.500 Deferred income at 31 March 21r24 32.5LM) 16 Re15rement bethefft s¢hemes 2024 2023 Defined contribution gcheffles Charge to profft or loss in respect of defined C(￿1￿)￿110n schemes 2.162 1,519 The chafty operates a ￿er￿e￿ cwtr"bbuD"rm pensim stheme for al qualfying employeès. The a55ets of the scherne are held separatety frcrfn those of the thrity in an independenlty admiroslere(I fl￿￿. 17- NEW EUROPEANS ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 16 Restricted funds The restrided lunds of the thality ¢Nnprise unewded balances ol donations and grants held on trust subje¢t to sperific cnndibons by donors as to how they may be used. At l Aprll 2023 Inctynlng Resou èxpÈndÈd Tran$fw* At 31 March 1024 Twu51 For London Southwark Law Centre Paul Hamlyn FoLtndation Jstice Collaborations Microgranis GLA City Bridge Foundat 257 155,932) {8.69T) 142,315) {58,456) 125,OC(I) 123,834) 4.325 295 23,367 26.143 8.992 49,500 53.440 25,000 35.775 16.182 31.159 11,941 47.598 232.707 (214,234) 66,071 Pr•¥lou¥ year. At1Apr 2022 In¢(Mning Resources vesources expended Tr•n$f¢rn At 31 March 2023 Trust For Londcrf) Southwark Law Centre Paul Hamlyn Foundation Justice Collaborations 41.IA8 33.618 45,1￿0 37.500 (40.811) 133.913) 128.818) {6.341) 257 295 16,182 31.159 157,186 1109,883) 295 47,598 Purpose of r•strfct•d funds Trust for London - Devdopment of advice sewvices to Roma community groups, Third Country nab'onals and EU atvzens of Somali ongin. Capaiity tyjihjing of small agenaes in 4 London boroughs. Support for sta member seconded lo GLA for 6 months Southv*7rk Law Centre H¢)me Olfice GFO - Adwce seryices to vulnerable EUE£A ¢Jtszen5 supports'ng thern in applying to the EU Settlefflent scheme. ￿alsOn wth emba55ie5 and con5ulate5 Home Office SUG Supported Users Group. Paul Hamtyn Fund- Support the project Imwo￿g advocacy in the EU Ad￿1￿ sector. Justice CollaborJtion$- This grant 15 lor work on the Justice Together InthatNe. Microgrants GLA- This grant is from Ihe GLA lo worfr on Democ¥aty Education viti EU M￿ra￿lS, working with community groups and producing leanets-why Vote and to Vote. Clty Bridg? Foundation - gvant 1$ for athice woth n London and capacity ￿lIding communty groups to support EU uti2Èns. The prqed began in September 2023 covering New Europeans capauty building programme to rÈath addit￿al vcAuntary communbty groups in London bcwoughs and to supports'ng vulnerable, di58dvantaged EU oiizens to gain and manage the new in¥n￿ratIOn slatus. 18- NEW EUROPEANS ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 17 Unrestiicted fvnds The unrestricled funds of the tharity comprise the unexpended balances of donakn.ons arml grants whith are not subject to speafic conditions by donors and grantors as lo how they May be used. These indude deswnateo fvnds vthKI) have Lwn Set a$ide of Lwestricted funds by the tnjslees for specific purposes. AtIApr 2023 Inc*)ming Resources rnsources •xp•ndèd Trnnsf•rs At 31 March 2024 General funds 914 3.849 11,273> 3,49J Previous year. At 1 April 2022 v•soU￿8 •Jpend•d Transf•rs At 31 Ma￿h 2023 General funds 10.086 25.OCiJ (33.87T) 12951 914 18 Analysis of net ass•ts lJ•iw••n fvnds Unff•strletèd Restrlelèd funds funds 2024 2024 . Tot¥1 2024 At 31 March 2024: Tangible assets Cuffent assetsllliabiliiies) 1,260 68.301 2.230 66,071 3.49) 66,071 69,561 Unrnstrfcted funds 2023 Restricted fund5 21123 Tolal 2023 At 31 March 2023: Current assel￿Oiab1Irfles) 914 47,598 48,512 914 47,598 48,512 19 Rel•ted party tr•ns•¢tiOlbS There were no di5ch)sable rdated party transa(*L￿$ thjring Ihe year (2023- none). 19-