Charfty rnglgtralion numb•r 119686S KANLUNGAN FILIPINO CONSORTIUM ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
KANLUNGAN FILIPINO CONSORTIUM LEGAL AND ADMINISTRATIVE INFORMATION Bemy Cbthario (Cha) (Appointed 24 November 20241 {Appoinled 11 April 20241 (Appoinlod 24 November 20241 (Appointsd 24 Novambar 20241 (Appointed 24 Novernber 20241 IAppoinled 24 November 20241 (Appointed 3 September 2022) S K Mararnag H Bulusan AAure Patric>a Mirnnda S•crntary S•nlor manag•m•nt Lle HaIaY Chrity nubthr I165 Prfnclpal *ddve Unit 101 Pelican House 1148 Cambrwjge Heath Road E1 5QJ Auditor Getygi•Jes Chardlb & Co LLP 283 Green Larns Palm5 Green London N134XS
KANLUNGAN FILIPINO CONSORTIUM CONTENTS Trustees. rewt Independent auditorfs ret Statement of finar#>af &Sivr Balance sheet 10 Statement of cash Ikyws 11 Notes to Ihe finaniial ststements 12-21
KANLUNGAN FILIPINO CONSORTIUM
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The Iwsteos wesen¢ their annual ret arKI frnntsal SlateM yw gndgd 31 M1 2024.
The faal statements hawè been prepared in aWdan with the aD>)unting pditse$ Set out M) note 1 to th?
financAal slatements and compty wilh the tharity5 17mStTtutron. th& Charit$ Ad 2011 and "Accounting and
Reporting by Charilies.. Statement of Recommended Prd¢c akwtsble to dnb"e5 preparing their aeA)unts In
accordance 7Mth the Finanual Repoiting Standard apFltible in the UK Republ of Ireland (FRS 102)"
(effectb 1 January 2019>.
obje¢0¥ and acthiiiies
Empowering Fdipinos and ESEA migrants in the UK ttwh support arml advice on imrnigralion. welfare.
tth, and right5
Shariig and preseThing diverse ojhwal and tradi1s. and trojihjing c4JfflMty bonds different
generations
CampavJning to make putdic c8nges and IxAld strry and more NSly c4)nYnunibes
08veloping the infrastnKttn of member ganIsaliC and bU5j p•trernhips wilh extemal organisatMs with
slmilar objectives
Ensuring KanlurwJan 15 wopoty rosourcd. aThl effe(vety and sustainabty n
Public benefit
The trustees haw poJ due regard to glidan by ts Chwity Ctsnmission in deoding vthat adivilies the
tharity 811ould und8rtake.
SwffjGant acbwbes ond aChVOents againsl obch¥e$
Throughout the year. Kanlungan impthented varKws Fwryrnmmes * sernryces thal aimed to empower our
migrant ¢ommunty. These were made possiNe through different grants and donations from variou5 agens,
indiwduals, and inststulions. Our programmes and 5ervice5 are streamed into derent themes.. 11) Campaign and
Advocary Work, 12) Weltare and Mental Heath Supwt (31 Address¥rfJ Migrant LaJr EXoIlation. {41 Fostering
Cofflmunity Engagement. and (51 Expanding Cr Net¥ffj ol Filipno and ESEA Migrwbts in the UK and Beyond.
n and A(fvoca rk
Kanlungan extended its reach beyond London. ensuring that ts 5eTrics and Uj support Fdyinos in
other regions. building solidarity and empcY4verry wor nali0Th.
2 *re and Mental He
Kanlungan promoted our on10-one bpfriending seThices for women enca)untwed Y form of wolence.
and kYowd8d group wortshops and a¢Xiwts to these women. Thesè acbvrtw have promded initial emotional relief
and CO"n9 mechanisms, strenglhened Ihe women's sense of ¢yJnmunity. r¢duce
KANLUNGAN FILIPINO CONSORTIUM TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2024 rin Commun En Kanlungan has supported its member ganIzationS in tyganizing in0185 deswJn8d to uplift and empower their members. including ltUral cekbr3tiMs. educa workslw, and so¢ial gathn9$. Th8$¢ aCtitieS have strengthened bonds wilhin (1 communty, and renewed a sense of hope and detemlnation among members. din Our Nelwork f Fili ino and E in th8 UK and Be ond Kanlungan has reached out to more migrants arKJ helpe(l expaThY the membership of its ¢S0U member orgarusations, induding Migranle UK. whic represents migrant workets suth 8$ nurses. butthers. fishemen. and others. We have also allied with Migranle Europe and the Inlemational mrat Allian¢x, and strengthened our coordination in caMpan5 and athibes that fosler ar sdNJarity among F1p¥10 dklspora 8nd ESEA rnrants in Europe. Finan¢i41 revlew The rèsuhs for the peri(41 aT9 set out on Page 9 During the year under revi. the caiity generated tolal revenues of £1.537.670. Of this anv)unl. £229.179 related lo general fund income. The thaiity It1¥8d restricled revenues lotallng £1.308.491 in 2024. For the year urbder reNiew. ex[diture was kept under ojntrd. Monies spent on tharItab acaltieS tota118d £623.232. equivabent lo apFxna1ety oflotal eX$ditura. For the year under review. Ihe general fiJThJs show a surF4us of incnme over expenditiKe totauing £242.931. As al the year4nd date the charity held £242.931 in general fijnds. For the year undef review. Ihe restricaed fiJnd$ a NJrrAus of ONW expgnditure tolling £671,462 and this was simply due lo timing drffeTen¢xs in tems ol receThing fvnds 8rNJ ddiveiing proJe(Is. As al the yearend dale the foundation held £671,462 wi restrwd funds and rt expeds mh ofthis be spont in tho ensuing year. RosorvespolKy Kaftlungan'$ polrcy on reserve rs th any femainir¥J fiJnd$ al the end of the year ar8 surpltws and go back to the OrgaNsaton's gènèral fvnd, Of. rf approprie. to deswJnated fvnds for op8rational expènses. Some of the unrestricted fvnds wll be reseNed lo pay the employ¥s slalutw finan>81 ob19at in ¢ase of Ilnès8 andlor redundancy of any stsff and future pension otrA•Jab"Ms. Th& management commiltee of the ganIsaliC wil be re¥tle for regutarfy reNiewing the polry. and any income aThl expgnditure shall be rep eNwyAmnual Gwal M88lirwJ. Rhk polky Thè board of truslees regularty reviews the risks to 71thic* Ihe tharity is exposed and has estabfished monitoring procedures to understand and mibgate those risks. The tharity has a risk registry readity available and re9ularty iewed. The princpal iisks deri from. but are n(A Imited to. the nalwe of work undertaken by the charity in pursuit of rt$ obJ'ective$. Structur•. governance and rnanayment The charity is a is 3 CharitaNe Incorporated tynisatM)n {cio) pvrfnod by its ¢tAlI.
KANLUNGAN FILIPINO CONSORTIUM TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The trustees who seThed dwng the yoar up lo th& dat8 ofsvwalure ofthg finarKial stslemenls were: Benny Clulario (Chair} (Apwnled 24 November 20241 N1 Reyes {Chairl (Restyn¢d 24 November 2024) AV Reye5 (Vice Chairl (Apwnted 2 September 2023 & re$KJned 31 O¢lober 20241 Herbèrt Fadriquela ffreasurerfj (Resigned 24 Novernber 2024) PalricAa Miranda Isettetary) (Apwnted 3 September 2022) S K Maramag (Appcrfnted 11 April 2024) KerenAustria Iseuetary) (Apwnted 24 November 2024) H Bulusan (Apw'nted 24 November 2024) F Dagongdong (Apinted 24 November 2024) AAure IApFKirrted 24 November 2024) JPRic8 (Reggned 5AugUSt 20241 C Insoy IApp)inted 2 Septemter 2W23 & resbjned 24 November 2024} N RNèra IRe5igned 3 Odober 2023) L Yavuz IAppJinted 2 Sn)er 2023 & ffjsied 16 February 2024) V B E4)anol8 {Resigned 23 October 20241 T Hithn (A4Jwnt&J 2 September 21Y23 & r8svJngd Oclotw2024) The Board of Trustees is the highest goveming boo¥ of the Kanlungan Filipino Consortium. The trustees S eleo*ed from preSentativeS of Kanlungan's member-OTganisations who form part of the marbagemenl Mmittee, or are appointèd from CLWtees who have a set of speufic skilLs needed to assist the Charity. The elefAlons of the Iruylees and the management commrtiee members are hehj at the Annual General Meeting of the Charty. then vacanues arise, the trust can appoint a plaCeMe. Management c4)mmitt8e mèmbers may put theMSeeS fOard for rle(lon each year. The trustees aThJ the management c¥)mmiilee members I)ee theAnnual Work PL4n for the Organisation. manage fmanoal affairs. and supemse staff and vdunleets. Al trusteos and management cofflmitiee mefflbers are a1 rec no remuneralion. They are require to dedare any relwdnl #rtergsts and wtthdraw frrKn decision makitvJ rf any L))nffid of interest arises.
KANLUNGAN FILIPINO CONSORTIUM TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 statement of trust¥. rewnsibilities Th¥ twstses ar& r8spon$ible for preparing thg Truslee$' Report and the fmaTK3al statements in accordance vriih appli¢abl6 law and Unit8d AeA)unling Standards (Unitèd KiThJdom Genetalty Actspted Ac&)unting Praclicl. The law applicable to tharilies in England and Wdle5 requires the INslees lo prepare financlal stslernents for each financial year whith gNe a true and fair ¥ir of Ihe state of affays of the carity and of the irKoming resourL2s and applicalion of resources of the (arity for that year. In prtparing these finanrial stslements, the trustees we wuwed lo: . seleca suitable a¢¢ounlrKJ pc4Kios and then apJy ¢onsistonlty: . cilserve the methods and prin¢ys in the Chariiies SORP,. - make judgements and estimates that are r(bIe and . state whether apICable accounlirMJ standards ha%t tjeen k4hJ&J. subigx to any matori81 depatlures disdosed and explained in the financtal statem8nts', aThJ . prepare the finanual statements ¢)n Ihg grmng cx)rMYn bas unlS il is inappriyiate to pre5urne that tho ¢lwty o)ntinue in cwatiM. The InJstee$ are rgsponsibl& for keeping suffioent acuwnlirYJ reoyds thal dse with reasonaNe accyjracy al any 'rne the finanLial poSin of the tharity and enable them to ensure tIt the finan0 statements comply wilh the Chaiities Act 2011. the Charity (Accounts and ReFths) RegtKInS 2CQ8 and the prowsions of the Irusl deed. They are also responsible for safeguarding the assets of the dbaiity and hence for taking reasonable steps for the prevention and detection of traud and olher irreguLiiities. The truslee$' report was apwovgd by thg Board of Tnt. enny Clutario (Chair) TN¥t¢e Dale.. 31-01-2025
KANLUNGAN FILIPINO CONSORTIUM INDEPENDEKfAUDITOR'S REPORT TO THE TRUSTEES OF KANLUNGAN FILIPINO CONSORTIUM Oplnlon We have audited the financ¥ statements of KanluThJan FikFrfno consor11n {the 'drI) for the year ended 31 March 2024 which comprise the statement of finanua actith8s. the balarKe sheeL the statement of cash Ilcrws and note5 to the finanaal stalements. in¢Jdin9 signfficant ac£cyJnling pclh?es. The finaal reporting framework that has been applied in their preparation ts apF4Kable Law and United lfjngdom Anting Slandards, ind¥Jding Finan¢ial Reporting Standard 102 7h8 Finanaial Rèporti"TrJ Standanl aable in the UK and Republic of lTrland (United ngorn Gen8ral1yA¢pted Awwrrting PT•8). In our opinion. the finanty81 stgmgnls.' give a true and fair Mew of Ihe state of the affars as at 31 Marth 2024 and of its incoming resources and apFdtstion of resourcs. for the year then ended: Bah for¢plnlon We ¢ondurted our audit in aCcOrdar wth InlematiorI Standards on Audrfing {UK) IISAS (UK)) and applicable law. Our spOnsIblbeS under th050 Standards are frjrthef debed wi the Auditors Trsmnsibililies for the audit of Ihe fjnanu81 sfat8ments section of our r8wt. are independent of the rtwity in acrdance with the ethical requirements that are relevant lo our autht of the financad ststements in the UK, induding the FRC'8 Elhrnl standard, and we hav8 fulfilled cmjr other ethul reSSitI11eS in accordarKe wilh these requirements. We believe that the audt eMd&nc we habt obt8in8d grffici•nt aThJ apiwth to a bS for our OFinJn. Con¢luslons r•lating to going ¢onc•rn In auditing the financial statements. we have that the tru88s' use of the going conrn b886s of accounting in the preparation of the financlal stat)entS approFwts. Based on Ihe work we have perfrn. we have not jenb material UnCertainS r8Liting to 8vents Lxjnditions that, indmdualty or Collecti. may cast signikant doubt on the tharitys ability to continue as a going o)n¢em for a peri¢)d ofat knt twelvo m¢)nth$ from Twhen the finatwl slatwn8nl$ are aLthorisod issuo. Our responsibili1$ and the reSNlitS of thg sPe1 to goYKJ ¢x)ncem are desmbed in the relevant se¢lions of this report. othor Infornmtlon The other inforrnation wnpiises the wrformakn incaxled in anrwal reFthI other than the finantial statem and our audttorfs report thweon. The Irustees are responble for the other information ntained wlhin the annual rep)rt. Our DnIOn on the finanlia statements does Th)t cover the other in1MatiOn and we do not express any fo of assurance condus)n there. Our reSp&bIty is to ad Ihe other inforniation and. in doing so, consider whether the other information is materi81ty in¢onsislent th the fmancaal statemtS or our knrthl8dge obtsinod In thè ¢ouw of the audit, or otheiSe aPFears to bè matariaty misstated. Ifwe Mjentify such mat8rial inconsist&noe$ or apparent material misstatements. we a requKed to determine wh8ther this gNes rise lo a matèrial mi$$tslement in the fin¥nc4al statefflents themselves. If, baséd on the woth we have [roM}. we condude that Iherè is a material Mi¥ment ofthis other 1rfcth. we are reqr0d to rwt that fa have N)thing to rewt in this rega. M•tt•rs on whkh w• •rn rnqulY•d tr r•port by •xc•pllon have nothing to report in respect of the folvirvJ mattets in relalion to which the ChawTties {A(ttsJnts and Reports) Regulab"ons 21))8 r8quire us to rewl lo you rf, in opinion: the inforniati¢)n given in the finan(yal stalanents is inw)¢8nt in any materlal resp8c wilh the trustèes. report., or suffiaont acc4JuntiTrJ rewrds habe been kgtt LY the financaal stalem8nts are not in agreement wilh the acxx)unling re)rf$,. or we have not [l¥ed all the wrforrnatwjn and expl)81K$ we require for our oudiL
KANLUNGAN FILIPINO CONSORTIUM INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF KANLUNGAN FILIPINO CONSORTIUM Rosponslbllltlgs of trust••s As explained more fijlty in the statement of trustee re5p)nsft>ililie5. the trustees are responsble for the preparation ofthe financial statements and for being satisfied that they give a twe and fair view, and for such inlemal conlrd as the trustees determine is necessary to enable the preparaticffl of financial stalements that are free from matefial misstalement. whether due to fraud LY 8rior. In pr8paring the fwnoal statements. th8 trust8es are responsible lor assessing tho charity's ability to L))nlinue as a going c>>Kem, disc¥gng, as applicablo, matters r8kted to going concem and using the going ¢¢$M basis of ac>>)unting unlgss the trustees either intend to se operations, or have no ie8li$tic attemalive bLrt to do so. Aud5torfs rnsponslbiMtl•s for th• audft of th• financlal stat•m We have been appointed as auditor urmler section 144 of the ch111 Aca 2011 and reKMJt in accordancE with Act and r&levant wulations made or havirwJ effect thereunder. Our objecves are lo obtain reasonable assurance aboul tthether the finawal statemenls as a whok are free from material misstatement. whether due to fraud or etror. and to issue an audttorfs report that indudes our opinion. R¥asonable assurance 1$ a high Iml of aUrance bul is not a guaranlge that an audit condufAed in accordance with ISAS IUKI will aayS delecl a material misststemwrt wtwi it exists. Misstatemgnts can arise from fraud or error and are consider8d material rf. indnidually or in the aggregate. they ca) wsonably be expethd lo influenc the e¢onomlc of users taken on the basis ofthese fina) statem. Irregularttles. Includlng fraud. arn Instances of fbon<pIIafice wlth laws and rngulatlons design procedures in ne with cyjr responsibililies. c¥th8d above, to dètect material misstatemenls in respeL of Irregularities. indudin9 fraud. The exlent to woe4du are ¢apablg of detectiNJ irr8gularitsg$. induding ffaud is d&tailed b8hJw'. Our approach to identifying and assessiThJ the risks of matla1 Thisstatem8nt in r85pect of irregulaiiiies. iNJudin9 fraud and non-ojrnpliar with laws and regulations. was as fc4lcws: . the eng8gement partner ensured that the eryagement le8m rJW had th¢ apwopriale coinpetence. capat4lilies and sklls to identsfy or recognise norComplianc¥ ith apPrAble laws wumiorts." • we identified the laws aTrJ regulalions appkcat4e to the dHrÉty through di%jSsIonS with trustee5 and other management. and from our kntredg8 and expor1 ofthe ch¥Ay seclor. • we focused on SFwfK laws and regulalions we n$KIered may have a direcl material effect on the financAal statements or the operathjns of the tharity, induding the clrthes Ao 2011. taxalJn legislation and da protection. anbritry. eMFlOnI aThJ heallh and safety gislation: • we assessed the extent of c))mplkgnc vnlh the I and idenbfitrj abm throu9h nking enquiries of management and in5peth.ng al covrespdWe', and • identified laws and regulabons were 07mmunted rythin the audii team regul•ty and the team remained abert to instsnc9$ of now0mplian thrrANJhout the aud assessed the yJsCeptibity of the financia slatemerts to matwial misstatement. Indling obtsining an undarstanding of how fraud might occur. by. • fflarrfj enqviiies of management as to where they considered there was 5U5cepbblty to fraud, their knovAedge ofactual, suspecaed and alleged fraud: and • considgring tho intemal cLNrtrols in pkn to mitJ* risk3 of fraLKI and rMCOMplanca with laws 8ThJ regulations.
KANLUNGAN FILIPINO CONSORTIUM INDEPENDENT AUDITOR'S REPORT (coKfiNUED) TO THE TRUSTEES OF KANLUNGAN FIUPINO CONSORTIUM In response lo the rf$k of irTegLFlaiilies and nw¥nFkn with laws and regulation5. we desbJned pr(edureS whith induded, bul wgre not limited to: • agr8eiThJ financaal ststement thsclosures lo undthing supiNting dment. • readiNJ th8 minutes of meeliry ofthose rthaiyed gownanc: • enquiring ofmanagemenl a$ lo aclu and [X)tial liiWNI dawns: aThJ • reviewing 0)rr9sponden wrth HMRC. relEVrt Tegulators the dMrity (YjmmissK, fvndrarsing regulator and th& charitys legal athsors. To 8ddress th8 risk offraud thrtsugh managwrt trias and rnidè ofcontrob. we.. . perfomed analytical proGedures to Itsfy any uThJsual or unexpeded relalion5hip5: • tested joumal entries lo wJ¢ntsfy Lmusual transacbons" • assessèd whelher judgements and as5UTh1S made in detemiring the 8¢xrn9 estimates sel out in nots 2 were indi¢8bve of potential bias.. and • invesb3ated the rationale behvl signkn ¢Y unusual transackn5. There are inherent IlmitatS in OLf autht wocedures desaibed aboNE. The more rerrKJved that l•¥s and regulations are from fmanoal transaclions. the less likety it is Ihat we WOLdd bec4Jme aware of nowomplkqnce. Auditing standard5 81so limi( th¢ audit wocedures requKed to identify norrfompliance with laws and regulations to anquiry of the trustees and other management and the inspecaM of regulatory and legal cespondenCe, rfany. Material fflISstaten that arise du8 to fra be harder to deted than that arise from error as they may invofve deliberate con¢ealmenl or colu$. A fvrthgr description of our re5ponsii)ilties is available on Finanoal Repth"ng Counal's website at.. httys.jl w.Iroorg.ukJauditorsresponsibilths. This destriptw ff$ part of our auditoes report. Other m•tt•rn Your attention is drawn to the faL that the cwty has wepwed rMwn¢i slatements in actffilance ¥th"AccI)Unt1ng 8nd Reporting by Charities: Stslement of Recommended Practice iCab to charibes preparing their ac(yJunts in 8(xordance th the Financ481 Repo"n9 Starmtsrd appkabl• in thè UK and Republ of Ireland IFRS 102)" (as 8mèndedl in prefefence lo the A¢oxJnb"ng and Rerorttng by Charib$$: Statement of Remended Prackn issued on 1 April 2¢)J5 which 15 releed to in the exlant re981)5 Ixrt has rthv been w1thjri. This ha$ been done in order for the Ststem to a tn atkl fair view in accordance with current GenerallyAccepted Ao)Junting Prn¢¢.
KANLUNGAN FILIPINO CONSORTIUM INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF KANLUNGAN FILIPINO CONSORTIUM Masud AIMlul4(arlm {Senior Slathrtory Audltoo for and on b•hall of G•oryladM Charnl•ml)ou & Co LLP 1.2•2S Chart•red Cerufied Accountants ststutoryAuditor Palmers Gen N134XS Gewgi&l8s Char8lambou & Co LLP is elgible fty as alI10r of the chity by birtue of its eligibility appointment as auditor ofa cowy uthjer 5e(on 1212 ofthe CornpaniesAd 2(.
KANLUNGAN FILIPINO CONSORTIUM STATEMENT OF FINANCIAL ACTMTIES INCLUDING INCOME AND EXPENDrruRE ACCOUNT FOR THE YEAR ENDED 31 AIARCH 2024 Unrn•trlct•d Restricted fvnds fund 1024 2024 Total 2024 Income from: tkjnations and acigS CharitaNe actmbes Investments Other material 114.245 5.810 6,511 11Y2.613 1.005.349 9.975 1.119.S94 15.785 6.511 395.780 293.167 Total Incom• 229,179 1,308,491 1.537.670 Exp•ndltyrn on: Raising funds Charitable arai¥ibe$ 45 623.232 56.570 566.662 Total expmdilurn 56.815 623.277 172. 741.829 914,393 Transfers bets¥een fvThJs 70.367 (70.367) 14et movwnotht In fund• 242.931 671.462 914,393 R•¢onclllatlon of funds". Fund baLances al 1 April 2023 Fund at 31 0h 2024 242.931 671.462 914.393 The statement offin8nc481 aL¥ltss iKkKl8s and kjsses rgo)gnised in the . Al incorne and expenditLt derive from cthinuing acwtses.
KANLUNGAN FILIPINO CONSORTIUM BALANCE SHEET ASAT31 MARCH 2024 2024 Curr•nt a•set• Debtors Cash at bank and in hand 14 154.332 837.168 991.500 (77,10T) Cv•dltorn." amounts falllng du• whhln one year 15 N•t currnnl 48s•ts 914.393 The funds of th• charfty RestriLed income frJnd8 Unreslri¢d lunds 17 18 671,462 242.931 914.393 31-01-2025 The ffinanoal stateff*nts wwe apwo¥ed by the trustees on......................... y Clutario 10-
KANLUNGAN FILIPINO CONSORTIUM STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 Cash gerted froml(abstybed by) opwali 21 830.657 Inv•stlng aGllvltl•• Inveslment intr)me 6.511 14•t cash g•naratsd fromllused ln) inv••tMg aclivill•• 6.511 Il•t cash ud In fln•ndng a¢Ovftl•s M•t Incr•as• In cash and c**h equivalents 837,168 Cash and cash eryivalents at tegiming ofyt¥ Cash and cash at •nd of y•ar 837,168 11-
KANLUNGAN FILIPINO CONSORTIUM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Ac¢ou•llng poNcl•• Charfty informali Kanlungan Filipino Consortiurn (the Charrtyl is 8 Charitabl& InoytvJraled Or9anisation ICIOI. registered with the Charities Commi5sJn n England arKI Wabes, registration number 119f>B65. Th8 charsty is a public bènefit entrty; ils prinopal office 1$ at Unf(101. Pelican Fknise. 1148 Camknidge Heath Road. London. E15QJ. The CIO was Tegistered with tho Charity Conyrissiw on 1 Decmber 2021 and started its 8divities on 1 April 2023 replacing the Previ 1ned of tho same name Ino. 10772241 which was established inAugusl 1999. 1.1 Ac¢ounllng ConntIon The finanaal 31atements have been kyepared in aCCOnce wilh the charitys ming docJJrnentl, the Chaiities Act 2011. FRS 102 Tr Financial ReFrtxt"ny s10 appficable the UK and Repubh'c of Ireland" rFRS 102? and the Charrtses SORP -Aco)unling and Repo"n9 by Charilies". Statement of Reo)mmended Pra¢tic& applicable to Larities preparing their aCcnts in aca)rdanc wrth the Financaal Repo.n9 Stsndard apicable in the UK and Republic ol Ireland {FRS 102)" (Offe( 1 Janu¥y 20191. The carity is a Publ Benèfit Entity as defined ty FRS 102. The financi81 statements have Ikparted fr the Chaiiliès (Acc(yJnts and Reports) Regulations 2C(J8 onty to thè extent required lo wovpae a twe and fair NieAT. This dèparture has involved folknwing the Statement of Ro¢ommended Practice for charities apptyiThJ FRS 102 rather than the versJn of the Statement of Recommended Pracce whith is refew&J to in the Reg(1 trArt whith has sinc been withdra. Thg financ4al statements are prepa in sterfing. i% the cuffency of the carity. Monatary amounts in th&se fin4nc4al staloments a round8d to the nearest £. The financial statements have been prepared WKler the his1¢81 cost c<rnnti. The princApal acc4)unting iQ8s adopted are set out behyw. 1.2 Golng concern At th& limg of appro4fjng the finani?al atern. the trustees have a a$orth exp8¢talK that the ¢Ji8rity has ad8qU81e resource$ to continue in operational extslerKe for the lore5eeable futu. Thus the trustees continue to adopt the goiNJ ())M basi8 of ac£ountir4J prepaiing the finanaal statements. la Charitsbh funds Unrestricted funds are walable use * thè ths¢¥ekn of the trusleos in furtherance of Iheir charilable objethvgs. Reslrthd funds are subjeL to spgifK cli110 by donots ¢ an1¢[S as lo hrjw tw may be usod. The purposes and usas ofthe restsiraed fvnds are set crtrt in the notes to the finarwl statements. Endowment funds are suLyeca to speak oJndrl*Jns by donors trbat Ihe eapital must be mainlained by the tharty. 1A Inc¢m• Income is recogntsed when the charTty is legally entilled to h after any perf0mnCe coTrJitions he been mel. Ihe amounts can be measured reliaW, aThJ it is probable wdl be r1Ved. Cash donations are recognised on recwpL Other dcwlkns are rewnisgd orth the etharity has been notified ofthe donation, unless performance ndthns wuire deferrnl ofthe amounL 12-
KANLUNGAN FILIPINO CONSORTIUM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2024 A¢¢ountlng pollcl•g Icontlnuod) Legacies afe recognised on [elpt or olheThvw rf the carity has been notifd of an impandlng distribution. the amount is knM. and rep1 is expeded. If the anKJunt is not known. thg legacy is treated as Cp)ntingent asseL 1.5 EXp[lUTh Expenditure 15 reo)gni$ed On there rs a leg81 or ¢OnslrUrAp 08110n to tr8nsfer ec4)nomic benefft lo a third party, it is probat4e thal a transfer of ec¥nomi¢ beneffts wil be requirod in setuemenl. and the amount of Ihe obligation can b& Meas 1. Expenditure 1$ dassIf by 8(knty. The o)sts of eath &.[Y a made up of the lolal of direct costs and shared costs. induding 8UPPOrt $ts invdbed li l¢Jerkilvj eac actmty. Dire(a o)sts attributablg to a single activity are allocated diredy lo that acalty. Shared costs whth ts)thribule to more than one actsty and support cos15 whith are not attritxrtable to a Single athwty are aFP)rtioned betsveen those activitie$ on a basis o)nsislent with the use of resourcÈs. Centrnl stsff costs ao alk&gled on the basis of time SnI. and depreat)n tharges are the portm ofthe asset's use. 1.6 Cash and cash equfvlents Cash and t4sh eqUWants indvde eash li hand. ¢Wsits hthj at c41 with banks. other short-tenn liiuid vestments with Origin matuiities of three month5 or less, aKI bank overdrafts. Bank overdrafts are shcrwn borThing5 in rjjrrenl liabilili 1.7 Flnan¢l•l in¥trum•nts The chaiity has eleded to appty the provisions of Sedion 11 'Basic Financial Instruments. and Section 12 'Other Finanaal Inslruments15sues' of FRS 102 to all of its finalar instruments. Financia instruments are recognised in Ihe CvIS balan sheet wtwi thg ¢harity bec¢me$ party to the contractual Ffftisions of the instrumenL Financial assets and liabilitses are oflseL with the net amounts prnIed li the ancIal stalem8nts. when thefe is a kgalty ènforceablè righl to $8t off Ihe r9cLwntsed amounts and there is an intenlion to setue on a net basis or to alise the asset and setug the habilty smthneousty. BaC finanryal assets. wlith inoth debt$ and $h bank banCes. ar9 inibaty measured at transaction w¢e indudiNJ ts8nsaton costs and a wbsequenlty carried at amortised using the effeLive interest meth¢xl urless the arrangement constibjtes a finanrAng transaction, where the transadion is measured at Ihe present value of the tubjre receipts dÉ5a)unt&J at a mt rale of interest. Financial assets c4assifi8d as receivable within one year are nol amortis. Basi¢ finan¢lal Ilablll¢l•s Basi¢ finanaal liabilities, in¢Kng c¥8(fitOTS aThJ bank klans aro irmbaty rwr¥8ed at tranSalon [¢ unles8 th8 arrangement constitutes a fircIng transaction. where the debt instrument is measured at the prèsent value of Ihe ftrture payTrents di50)unted at a Maet rale of interest FnI)81 lobe5 dasstfied as payab within one year are not a)rtIS. Trdd& ¢yethtrs are oblgations to pay ljr goods or s8Thices that have b8gn acquired in the ordinary r8e of opefalions from SUPFAiers. Amounts payatle are dassified as current lial)ilities rf payment is du8 within one year oi less. If noL tsy ar¢ Preserrted as nor1 lablit$. Trade creditcrf3 are recognised inallY al transac*M and subsequonty MeaSud at anbyli c¢st usng the effeLtve wrterest mgthod. -13-
KANLUNGAN FILIPINO CONSORTIUM NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Ac¢ountlng polld {Conllnu•dl Finanoal liabililies are dweoyJnwl when the 1$ (nlrac4LwJ rtitsgatsons exwre or are dischatggd or Cancelled. 1.8 Employee benefft8 The cost of any unused holiday entitiemerrt 18 re¢¢wised li the peiioj in thth the empby8e'$ seThKe$ are Temiinallon benefrts are reeognised immedF8tdy as an expense when the chatity is d8monstrabty committed 1.9 R•Ornm•nt bon•ffts Payments to defi conlitjution reIreM bfjfft sthenw ¥e dwged as an expense as they fall due. c¢#1 a¢¢ountlng Mtln4ts• and InI In the apicatiOn of the thaT1tS accounting pJlKye5. Ihe trustees are required to make judgements, estimates and assumplions about the carrying amount of assets and liablibes that are not readity apparent from other sources. The 8stimate$ and asswat8d awjMptS are based on hist0t11 experience and other factors Ihal are considered to be releva)L Adual results may diffgr frryn thgse estvnates. The eslimates and undety'ng 8ssunyts)s are revwe(l on an Oing ba%s. Re¥lOnS to a¢untIl9 estimales are recognised in the p)d in which estimate is revised where the revision affet#s only that period. or in the period of the revision and future penods the wsb)n affeds both wrrgnt and fijlure Incom• from donalion• and l•ga¢l•• Unrnllricted funds 2024 Total fvnds 2024 2024 Don811ons ond grfts Grants Membership fees Other 4.107 110,0(LI 139 11.719 988.1#]7 15,826 1.098,007 138 5.623 5,623 114.245 1,1))5.349 1,119.594 Incoffle from charitabh acliviti Unrnstrlct•d Restricted fund¥ fund 2024 2024 Tolal 2024 COnunity Support Other w1Me S.810 9.975 15,785 14-
KANLUNGAN FILIPINO CONSORTIUM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Unrn•trlctsd fvnd$ 2024 Irrterest ro¢eivatAe 6.511 Oth•r matMi#l iome Other income comprises funds transfeThed frLvn wMncorp)raled (arity I).1077224} to charitable irKolra1Od Organi110n (No. 11988651. Unr•strlct•d R•strlctsd Totsl 2024 funds fund• Funds transferred in 102.613 293.167 395.780 Exp•ndltyrn on rnlln9 fvnd• UnrMtrl¢tsd nd$ 2024 Fundral$ing and publlclty Membership sthemes and soraal b)ttleS 15-
KANLUNGAN FILIPINO CONSORTIUM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) R)R THE YEAR ENDED 31 MARCH 2024 expgnditure on charltablè actl¥llle* C¢)mmunlty upport 2024 Dlrect costs Staff costs Project faalitalors. traiws Project consultants fee$ Projecl parliapanls travel Project Materials resources Proiact volunloers exw)ses Project exhibOn, wents and venue Project evaluation Community events BeneficAaries food. dala vouchers. ti)Nid rewse Freelancers Parlner3 Cost Research and traIall ojntra Members org traininty8UPPOrt ASSibIlty costs Olher charitat48 expendilu 317.684 17.607 13.214 5.286 3.676 6.825 2,506 39,718 52.245 11,160 10,307 1.553 549.133 Share of•upport and gov•fflanu ¢Nts {sw 9) Support 63.307 10,792 623.232 Analysb by fund Unrestricted funds ReSId8 fvnds 56.570 623,232 16-
KANLUNGAN FILIPINO CONSORTIUM NOTES TO THE FINANCIAL STATEMENTS (coKnNUED) FOR THE YEAR ENDED 31 MARCH 2024 Support costs all0¢t lo acliville• 2024 Training and support Safegu8rdintyDBS Refreshm8n15 & entertaining Office onl. rates and Util¢$ Insurance. profe55iMal indemnty Telephone. IT and subsuiptithi Office $ts and suppfies Markgling. promotion, SOCI media Bookkeeping fees Sundry exFenditure Govemance o)sts 8.871 1,188 9.912 10.346 3.913 7.$15 3.498 12.123 5.202 739 10.792 74,099 Analy••d botw••n: Community supwt 74,099 2024 G•)vernanc• ¢ts comprlse: ALJit fees Aco)untsry Committee members and vokjnleers o)St Truslee8,members meeling ¢osl 29 10.792 10 Not mov•ment In funds 2024 The net movem1 in funds is stated afterdWgiINedil1)". 7.200 11 Trust••s None of the trustees {or any persryB ith them) recei4Ed any remunerntitin or beneffts from the carrty duriNJ the year. 17-
KANLUNGAN FILIPINO CONSORTIUM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 12 Employ4e8 The avwage number of emrAoye8s during the year was: 2024 Mumbw 12 Employm•nt ¢o¥ts 2024 Wages an(1 $arieS Soual security ts)sts Otlw pension costs 290,094 21.440 6.150 317.684 R•mun•rntlon of k•y magOnt per•onn The remuneration ofkey management perwnol was as fol(*". 2024 Aggiegate compensation 85.846 13 Taxatlon The charity is exempt fr(Kn taxa1 its ¥thilw because al its is aWied tr dwritaNo purposes. 14 Dobtor4 2024 Amounts falllng wlthln on• y•ar. Trade debt¢xs Other debto 152.064 2,268 154,332 -18-
KANLUNGAN FILIPINO CONSORTIUM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 15 Credltorn: amounts falllng du• *lthln on• y•ar 2024 Ott)er taxation and so¢i81 S0Tty Trade credito Other (¥edito Accruals and deferred incorr 11.962 31,065 17,280 16.800 77,107 2024 6.150 The charity operdtes a defined scheme frx qualifying empbyees. The assets of the scheme are hdd separatety from those of the tharity in an indeFeThlenty administered fund. 19-
KANLUNGAN FILIPINO CONSORTIUM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR ThIE YEAR ENDED 31 AIARCH 2024 17 Rostrlct•d fund• The restrided fijnds of thg charlty c>>nwse the uneXpd batsn¢es of donations and grants held on trust suty'ect lo speufic condthns ty th)tvys as to fvy may be used At 1 Aprm Incornlng R•sourc•s TrafIr$ At 31 IAar¢h 2024 The Pho8niK Way MOPAC Contra JRCT Trnst for London(Pathways to setllemenll Paul Hamlyn Foundalion Cty Brtdga Twst Nation k)ttery Trust for Londonlseojndment) Stl¢htirwJ genevolentia Port)Js Smal00d Trust- W¢xnen's Urgent Support Fund LCF VAWG Fund Smallwood Trust Communty Grant Partnership Lloyds TSB FourKlati Smal00d Trust- Resilient Nets¥oths Purpose FOUation Other funds Tudor trust (rn.208) (83,85n (64.8231 120,792 149.752 233.609 1CQ.886 60269 104.458 47.1 52,247 36,839 56.007 122,204) 148.326) {41.013) {43,821} (22.7321 (22.169) 38.065 56,132 5.987 8.426 14,107 33.838 362) {5.540) {19.357) 30,6 40.643 (16,352} (12.797) 20.591 35,467 48.264 20.951 19.348 117,103 70.367 15.164) 15.787 19.348 37.804 (T9.2991 (70.36n 1.308.491 {566.662) (70.367) 871.462 Transfer of fvnds relates to an unrestricted fvnd income wKmcaty dassified as T8strithd fvnds. This has been corr81#od by the way oltransfer to unrestriL#ed income. 18 Unre•trlcted funds The unrestrixed fijnds oflhe chaiity comprise the Unexp baknc$ ofdonations and grants whith a rt subjecl to 5pecAfic condit)ns by donors and grant a$ lo how they may be used. These indude destgnated funds whith have b88n set asidg ¢xrt cl {Mrestr lurmls by Ihe trustees for spgific purw)ses. At 1 Aprfl IncOnn9 Ro$1)ur¢ Tran•for4 At31 March 2024 General funds 229.179 (56,615} 70.367 242,931
KANLUNGAN FILIPINO CONSORTIUM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE YEAR ENDED 31 MARCH 2024 19 Anafy•l¥ of n•t a••ets bolw•on fundi Totsl funds 2024 ndg 2024 2024 At 31 r¢h 2Q24: Current assetsl(liabilrfies) 242.931 671.462 914.393 242.931 871.462 914.393 There werg no discJsable related paty transad*M durirvJ th8 year. 21 Cash wnor•l•d from op•rntioM 2024 Surplus forthe year 914,393 Adjusknents for.. Inbwthnt income re¢ogrised in statement of fin191 adibibes (8,5111 Movements in working r•al: (Inu$asel in debtors Inease in ue(Jilors 1154.332) 71.107 830,657 22 Ana$ of changes In n•tfvnthll( The charity had no material debt dwrThJ ts y. 21